SEC Form 4 · accession 0001213265-15-000048
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
Oct 2, 2015
Accepted (ET)
Oct 6, 2015 · 4:09 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 ShareF1 | Oct 2, 2015 | M | 995 | — | A | 65,710 | D | |
| Common Stock Par Value $.10 Per Share | Oct 2, 2015 | F | 368 | $21.51 | D | 65,342 | 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 | 995 | D | — | — | Common stock par value $.10 per share | 995 | 4,686 | D |
Explanation of responses
- F1Performance shares convert into common stock on a one-for-one basis.
- F220% of the 4,974 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.