SEC Form 4 · accession 0000023197-18-000063
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
Sep 23, 2018
Accepted (ET)
Sep 25, 2018 · 4:35 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, 2018 | M | 2,157 | — | A | 487,893 | D | |
| Common stock par value $.10 per share | Sep 23, 2018 | F | 1,057 | $33.32 | D | 486,836 | 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, 2018 | M | 2,157 | D | — | — | Common stock par value $.10 per share | 2,157 | 0 | D |
Explanation of responses
- F1This transaction represents the vesting of 2,157 of the 10,781 performance shares issued to the Reporting Person on June 5, 2013. 80% had previously vested.
- F2Performance shares convert into common stock on a one-for-one basis.
- F3The 1,057 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.