SEC Form 4 · accession 0000023197-16-000071
COMTECH TELECOMMUNICATIONS CORP /DE/ · CMTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Galletti
Officer — Chief Operating Officer
Period of report
Sep 28, 2016
Accepted (ET)
Sep 30, 2016 · 6:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000023197
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock Par Value $0.10 Per ShareF1,F2 | Sep 28, 2016 | A | 12,817 | $0.00 | A | 12,817 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock awards were granted under the Company's 2000 Stock Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting.
- F2Generally, the restricted stock awards will vest in installments over a five year period, at a rate of 20% on the first through fifth anniversaries of grant, assuming continued service as an employee. Shares of common stock corresponding to vested awards will be delivered to the reporting person within 30 days of vesting.