SEC Form 4 · accession 0000023197-16-000079
COMTECH TELECOMMUNICATIONS CORP /DE/ · CMTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard L Burt
Officer — Sr. Vice President
Period of report
Oct 5, 2016
Accepted (ET)
Oct 7, 2016 · 7:17 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 | Oct 5, 2016 | A | 2,704 | — | A | 177,203 | D | |
| Common Stock Par Value $0.10 Per Share | Oct 5, 2016 | F | 740 | $12.63 | D | 176,463 | D | |
| Common Stock Par Value $0.10 Per ShareF2 | Oct 5, 2016 | M | 449 | — | A | 176,912 | D | |
| Common Stock Par Value $0.10 Per Share | Oct 5, 2016 | F | 123 | $12.63 | D | 176,789 | D | |
| Common Stock Par Value $0.10 Per ShareF2 | Oct 5, 2016 | M | 348 | — | A | 177,137 | D | |
| Common Stock Par Value $0.10 Per Share | Oct 5, 2016 | F | 96 | $12.63 | D | 177,041 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF2,F3 | — | Oct 5, 2016 | M | 449 | D | — | — | Common Stock Par Value $0.10 Per Share | 449 | 1,596 | D |
| Performance SharesF2,F4 | — | Oct 5, 2016 | M | 348 | D | — | — | Common Stock Par Value $0.10 Per Share | 348 | 1,248 | D |
Explanation of responses
- F1These shares represent common stock of Comtech Telecommunications Corp. issued on October 5, 2016 as a result of the settlement of a Long Term Performance Share Award granted on October 2, 2013 in connection with the achievement of pre-established goals over the three-year performance period ended July 31, 2016.
- F2Performance shares convert into common stock on a one-for-one basis.
- F320% of the 2,246 performance shares issued to the reporting person on June 5, 2013 have vested.
- F420% of the 1,741 performance shares issued to the reporting person on June 6, 2012 have vested.