Michael Bondi - 28 Jul 2022 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
01 Aug 2022, 20:23:16 UTC
Prior SEC filing
18 Jul 2022
Next SEC filing
02 Aug 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Michael Bondi

Key filing fact

Michael Bondi filed Form 4 for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) on 01 Aug 2022.

Key facts

  • This page summarizes Michael Bondi's Form 4 filing for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 01 Aug 2022, 20:23.

Change

  • Previous filing in this sequence was filed on 18 Jul 2022.
  • Current net transaction value: -$8,017.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CMTL transaction

Common Stock Par Value $.10 Per Share

Options Exercise

Transaction value
Shares
+702
Change %
+1.6%
Price
Shares after
44,218
Date
28 Jul 2022
Ownership
Direct
Footnotes
F1
CMTL transaction

Common Stock Par Value $.10 Per Share

Tax liability

Transaction value
$8,017
Shares
-702
Change %
-1.6%
Price
$11.42
Shares after
43,516
Date
28 Jul 2022
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CMTL transaction Derivative

Share Units

Award

Transaction value
Shares
+15,324
Change %
+120%
Price
Shares after
28,054
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock Par Value $.10 Per Share
Underlying amount
15,324
Exercise price
Footnotes
F2
CMTL transaction Derivative

Share Units

Options Exercise

Transaction value
Shares
-702
Change %
-2.5%
Price
Shares after
27,352
Date
28 Jul 2022
Ownership
Direct
Underlying class
Common Stock Par Value $.10 Per Share
Underlying amount
702
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.

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