SEC Form 4 · accession 0000023197-18-000071
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 25, 2018
Accepted (ET)
Sep 26, 2018 · 4:02 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 $0.10 Per ShareF1,F2 | Sep 25, 2018 | A | 9,043 | — | A | 78,933 | D | |
| Common Stock Par Value $0.10 Per Share | Sep 25, 2018 | F | 4,429 | $34.73 | D | 74,504 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction represents the issuance of Comtech Telecommunications Corp. common stock on September 25, 2018 as a result of the settlement of a Long Term Performance Share Award granted on August 4, 2015 in connection with the achievement of pre-established goals over the three-year performance period ended July 31, 2018.
- F2Long Term Performance shares convert into common stock on a one-for-one basis.
- F3The 4,429 shares reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.