SEC Form 4 · accession 0001213265-15-000047
COMTECH TELECOMMUNICATIONS CORP /DE/ · CMTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fred Kornberg
Officer — Executive Chairman · Director
Period of report
Oct 2, 2015
Accepted (ET)
Oct 6, 2015 · 4:08 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 | Oct 2, 2015 | M | 2,487 | — | A | 428,571 | 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 | — | Oct 2, 2015 | M | 2,487 | D | — | — | Common stock par value $.10 per share | 2,487 | 11,443 | D |
Explanation of responses
- F1Performance shares convert into common stock on a one-for-one basis.
- F220% of the 12,435 performance shares issued to the Reporting Person on June 6, 2012 have vested. 40% had previously vested and the remaining 40% will vest 20% per year on the third and fourth anniversaries of October 2, 2013, assuming continued service through the vesting date.
- F3Pursuant to the election made by the reporting person, all rights to the common stock have been deferred and will be delivered to the reporting person within 30 days of termination.