SEC Form 4 · accession 0000023197-17-000076
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
Oct 2, 2017
Accepted (ET)
Oct 4, 2017 · 4:40 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 shareF3,F2 | Oct 2, 2017 | M | 2,487 | — | A | 490,632 | 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 | — | Oct 2, 2017 | M | 2,487 | D | — | — | Common stock par value $.10 per share | 2,487 | 2,157 | D |
Explanation of responses
- F1This transaction represents the vesting of 2,487 of the 12,435 performance shares issued to the Reporting Person on June 6, 2012. 80% had previously vested.
- F2Performance shares convert into common stock on a one-for-one basis.
- F3All rights to the common stock are deferred and will be delivered to the reporting person within 30 days of termination.