SEC Form 4 · accession 0000023197-17-000030

· CMTL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Officer — Chief Operating Officer

Period of report

Jul 31, 2017

Accepted (ET)

Aug 2, 2017 · 7:08 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 $.10 per share^F1	Jul 31, 2017	M	641	—	A	13,458	D
Common stock par value $.10 per share	Jul 31, 2017	F	641	$18.00	D	12,817	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Share Unit^F2	—	Jul 31, 2017	A	17,823	A	—	—	Common stock par value $.10 per share	17,823	17,823	D
Share Unit^F1,F2	—	Jul 31, 2017	M	641	D	—	—	Common stock par value $.10 per share	641	17,182	D

F1These transactions represent the net settlement of share units (see footnote #2) to withhold the reporting person's Federal Insurance Contributions Act ("FICA") tax and certain federal and state income taxes.
F2Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis. The share units were issued in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2017, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, cannot be assigned, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on July 31, 2018.