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 $
-$55,348
Form type
4
Date filed
1/5/2022, 06:32 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 $0.10 Per Share Award $0 +52.2K +25.59% $0.00 256K Jan 3, 2022 Direct F1, F2
transaction CMTL Common Stock Par Value $0.10 Per Share Tax liability -$55.3K -2.31K -0.9% $23.96 254K Jan 3, 2022 Direct F3
holding CMTL Common Stock Par Value $0.10 Per Share 261K Jan 3, 2022 By GRAT
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock awards were granted under the Company's 2000 Stock Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting.
F2 The restricted stock will vest 1/12 on the Grant Date and in 11 equal monthly installments thereafter from the grant date, assuming continued service as a consultant. Shares of common stock corresponding to vested awards will be delivered to the Reporting Person within 30 days of vesting.
F3 This transaction represents the vesting of 4,347 of the 52,171 restricted stock awards issued to the Reporting Person on January 3, 2022. The 2,310 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax. The remaining 47,824 will vest monthly on the anniversary of grant, assuming continued service as a consultant.