SEC Form 4 · accession 0000023197-17-000063
COMTECH TELECOMMUNICATIONS CORP /DE/ · CMTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Porcelain
Officer — Sr. Vice President & CFO
Period of report
Sep 23, 2017
Accepted (ET)
Sep 26, 2017 · 5:58 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 ShareF2 | Sep 23, 2017 | M | 898 | — | A | 84,094 | D | |
| Common Stock Par Value $.10 Per Share | Sep 23, 2017 | F | 464 | $20.59 | D | 83,630 | 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,F1 | — | Sep 23, 2017 | M | 898 | D | — | — | Common stock par value $.10 per share | 898 | 1,894 | D |
Explanation of responses
- F1This transaction represents the vesting of 898 of the 4,492 performance shares issued to the Reporting Person on June 5, 2013. 60% had previously vested and the remaining 20% will vest on the fourth anniversary of September 23, 2014, assuming continued service as an employee through the vesting date.
- F2Performance shares convert into common stock on a one-for-one basis.
- F3The 464 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.