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

Role
President & COO
Signature
Michael D. Porcelain
Stock symbol
CMTL
Transactions as of
Sep 27, 2021
Transactions value $
-$54,789
Form type
4
Date filed
9/29/2021, 04:31 PM
Previous filing
Aug 12, 2021
Next filing
Oct 4, 2021

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 +3.95K +2.86% 142K Sep 27, 2021 Direct F1, F2
transaction CMTL Common Stock Par Value $0.10 Per Share Tax liability -$54.8K -2.1K -1.48% $26.09 140K Sep 27, 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 October 4, 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 2,100 shares reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.