(CMTL)

Role: President & CEO, Director
Signature: Michael D. Porcelain
Stock symbol: CMTL
Transactions as of: Jul 28, 2022
Transactions value $: -$42,345
Form type: 4
Date filed: 8/1/2022, 08:21 PM
Previous filing: Jul 21, 2022
Next filing: Aug 2, 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		+3.71K	+2.49%		153K	Jul 28, 2022	Direct	F1
transaction	CMTL	Common Stock Par Value $.10 Per Share	Tax liability	-$42.3K	-3.71K	-2.43%	$11.42	149K	Jul 28, 2022	Direct

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	Share Units	Award		+80.9K	+233.21%		116K	Jul 28, 2022	Common Stock Par Value $.10 Per Share	80.9K		Direct	F2
transaction	CMTL	Share Units	Options Exercise		-3.71K	-3.21%		112K	Jul 28, 2022	Common Stock Par Value $.10 Per Share	3.71K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These transactions represent the net settlement of share units (see footnote #2) to withhold the Reporting Person's Federal Insurance Contributions ACT ("FICA") tax and certain federal and state income taxes.
F2	Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis. The share units were issued in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2022, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on July 28, 2023.

Content

These transactions represent the net settlement of share units (see footnote #2) to withhold the Reporting Person's Federal Insurance Contributions ACT ("FICA") tax and certain federal and state income taxes.

Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis. The share units were issued in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2022, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on July 28, 2023.