SEC Form 4 · accession 0001213265-15-000046
COMTECH TELECOMMUNICATIONS CORP /DE/ · CMTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Branscum
Officer — Sr. Vice President
Period of report
Sep 23, 2015
Accepted (ET)
Sep 25, 2015 · 4:12 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,F1 | Sep 23, 2015 | M | 521 | — | A | 7,839 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1,F2 | — | Sep 23, 2015 | M | 521 | D | — | — | Common stock par value $.10 per share | 521 | 3,354 | D |
Explanation of responses
- F1Performance shares convert into common stock on a one-for-one basis.
- F220% of the 2,605 performance shares issued to the Reporting Person on June 5, 2013 have vested. 20% had previously vested on September 23, 2014, and the remaining 60% will vest 20% per year on the second through fourth anniversaries of September 23, 2014, assuming continued service through the vesting date.
- F3All rights to the common stock are deferred and will be delivered to the reporting person within 30 days of termination.