(CMTL)

Role: Chairman & CEO, Director
Signature: Fred Kornberg
Issuer symbol: CMTL
Transactions as of: 31 Jul 2021
Net transactions value: -$72,663
Form type: 4
Filing time: 03 Aug 2021, 17:17:11 UTC
Next filing: 06 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMTL	Common Stock Par Value $.10 Per Share	Options Exercise		+2,910	+2.6%		112,925	31 Jul 2021	Direct	F1
transaction	CMTL	Common Stock Par Value $.10 Per Share	Tax liability	$72,663	-2,910	-2.6%	$24.97	110,015	31 Jul 2021	Direct
holding	CMTL	Common Stock Par Value $.10 Per Share						308,860	31 Jul 2021	By GRAT

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CMTL	Share Units	Award		+60,937			60,937	31 Jul 2021	Common stock par value $0.10 per share	60,937		Direct	F2
transaction	CMTL	Share Units	Options Exercise		-2,910	-4.8%		58,027	31 Jul 2021	Common stock par value $0.10 per share	2,910		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These transactions represent the net settlement of share units (see footnote #2) to withhold the Reporting Person's Federal Insurance Contributions Act ("FICA") tax and certain federal and state income taxes.
F2	Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis. The share units were issued in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2021, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on July 31, 2022.

Content

These transactions represent the net settlement of share units (see footnote #2) to withhold the Reporting Person's Federal Insurance Contributions Act ("FICA") tax and certain federal and state income taxes.

Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis. The share units were issued in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2021, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on July 31, 2022.