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

Role
Director
Signature
Fred Kornberg
Stock symbol
CMTL
Transactions as of
Jan 3, 2022
Transactions value $
-$1,039,792
Form type
4
Date filed
1/5/2022, 06:29 PM
Previous filing
Sep 29, 2021
Next filing
Feb 7, 2022

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 +81.7K +49.31% 247K Jan 3, 2022 Direct F2
transaction CMTL Common Stock Par Value $.10 Per Share Tax liability -$1.04M -43.4K -17.55% $23.96 204K Jan 3, 2022 Direct F3
holding CMTL Common Stock Par Value $.10 Per Share 261K Jan 3, 2022 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 Restricted Stock Units Options Exercise $0 -81.7K -100% $0.00* 0 Jan 3, 2022 Common stock par value $.10 per share 81.7K 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 vesting of 81,660 restricted stock units.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 The 43,397 shares on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.