SEC Form 4 · accession 0000023197-17-000040
COMTECH TELECOMMUNICATIONS CORP /DE/ · CMTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fred Kornberg
Officer — Chairman, CEO & President · Director
Period of report
Aug 9, 2017
Accepted (ET)
Aug 11, 2017 · 4:46 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 | Aug 9, 2017 | F | 4,000 | $18.24 | D | 478,435 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction represents the vesting of 7,756 of the 38,783 restricted stock awards issued to the Reporting Person on August 9, 2016. The 4,000 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax. The remaining 31,027 will vest in installments over a four year period, at a rate of 20% on the second through fifth anniversaries of grant, assuming continued service as an employee.