COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2021

Aug 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2021-07-31

Reporting Person: KORNBERG FRED (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-31	Common Stock Par Value $.10 Per Share	M	39015	—	Acquired	129827	Direct
2021-07-31	Common Stock Par Value $.10 Per Share	F	19812	$24.97	Disposed	110015	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-31	Share Units	$	M	39015	Disposed		Common stock par value $.10 per share (39015)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $.10 Per Share	308860	Indirect

Footnotes

F1: These transactions represent the net settlement of share units (see footnote #2) to withhold the Reporting Person's federal, state and local income taxes in connection with the conversion of share units previously awarded to the Reporting Person into shares of Comtech Telecommunications Corp.'s common stock. Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis.

F2: The share units were issued last fiscal year in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2020, pursuant to the 2000 Stock Incentive Plan. These share units were fully vested upon grant and were automatically converted into Comtech Telecommunications Corp.'s common stock on the one-year anniversary of the grant date, which was July 31, 2021.