SEC Form 4 · accession 0001213265-15-000029
COMTECH TELECOMMUNICATIONS CORP /DE/ · CMTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert G Paul
Director
Period of report
Aug 4, 2015
Accepted (ET)
Aug 6, 2015 · 4:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000023197
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option Right to BuyF1 | $28.35 | Aug 4, 2015 | A | 1,875 | A | Aug 4, 2016 | Aug 4, 2020 | Common stock par value $.10 per share | 1,875 | 16,875 | D |
| Stock Option Right to BuyF1 | $28.35 | Aug 4, 2015 | A | 1,875 | A | Aug 4, 2017 | Aug 4, 2020 | Common stock par value $.10 per share | 1,875 | 18,750 | D |
| Stock Option Right to BuyF1 | $28.35 | Aug 4, 2015 | A | 3,750 | A | Aug 4, 2018 | Aug 4, 2020 | Common stock par value $.10 per share | 3,750 | 22,500 | D |
| Restricted Stock UnitsF2,F3 | — | Aug 4, 2015 | A | 1,588 | A | — | — | Common stock par value $.10 per share | 1,588 | 8,911 | D |
Explanation of responses
- F1Option was granted under the Company's 2000 Stock Incentive Plan in consideration of services to be performed by the reporting person after the date of grant.
- F2As permitted under the Comtech Telecommunications Corp. 2000 Stock Incentive Plan, restricted stock units are awarded to the reporting person pursuant to his election to receive a portion of the value of the annual stock option grant he otherwise would have received in restricted stock units. Each restricted stock unit represents the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.
- F3Generally, the restricted stock units will vest in installments over a three year period, at a rate of 25% on the first and second anniversaries of grant and 50% on the third anniversary of the date of grant, assuming continued service as a director. Shares of common stock corresponding to vested units will be delivered to the reporting person within 30 days of termination of directorship.