Michael D. Porcelain - 27 Sep 2021 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Role
President & COO
Signature
Michael D. Porcelain
Issuer symbol
CMTL
Transactions as of
27 Sep 2021
Net transactions value
-$93,741
Form type
4
Filing time
29 Sep 2021, 16:22:24 UTC
Previous filing
12 Aug 2021
Next filing
04 Oct 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 $0.10 Per Share Award +6,761 +5% 141,682 27 Sep 2021 Direct F1, F2
transaction CMTL Common Stock Par Value $0.10 Per Share Tax liability $93,741 -3,593 -2.5% $26.09 138,089 27 Sep 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the issuance of Comtech Telecommunications Corp. common stock on September 27, 2021 as a result of the settlement of a Long Term Performance Share Award granted on August 8, 2018 in connection with the achievement of pre-established goals over the three-year performance period ended July 31, 2021.
F2 Long Term Performance shares convert into common stock on a one-for-one basis.
F3 The 3,593 shares reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.