Michael Porcelain - Jan 3, 2022 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Role
CEO & President, Director
Signature
Michael D. Porcelain
Stock symbol
CMTL
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/5/2022, 05:37 PM
Previous filing
Oct 6, 2021
Next filing
Apr 7, 2022

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 Restricted Stock Units Award $0 +14.6K +29.41% $0.00 64.3K Jan 3, 2022 Common Stock Par Value $.10 Per Share 14.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the grant of restricted stock units pursuant to the Company's 2000 Stock Incentive Plan, and represents the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.
F2 The restricted stock units shall vest in equal installments over a three (3) year period, commencing on the grant date, at the rate of 33.3% effective on each of January 1, 2023, January 1, 2024, and January 1, 2025, assuming continued service as an employee. Shares of common stock corresponding to vested units will be delivered to the Reporting Person within 30 days of vesting.