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COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2022
Jan 6, 2022
10781_dirs_2022-01-05_2599e6f9-ac3e-4ac0-a641-6205fd8f7936.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2022-01-03
Reporting Person: PORCELAIN MICHAEL (Director, CEO & President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-03 | Restricted Stock Units | $ | A | 12803 | Acquired | Common Stock Par Value $.10 Per Share (12803) | Direct |
Footnotes
F1: This transaction represents the grant of restricted stock units pursuant to the Company's 2000 Stock Incentive Plan, and represents the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.
F2: The restricted stock units shall vest in equal installments at the rate of 20% effective on each of August 10, 2022, August 10, 2023, August 10, 2024, August 10, 2025, and August 10, 2026, assuming continued service as an employee. Shares of common stock corresponding to vested units will be delivered to the Reporting Person within 30 days of vesting.