Michael Porcelain - Aug 9, 2022 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Role
Former President & CEO
Signature
Michael D. Porcelain
Stock symbol
CMTL
Transactions as of
Aug 9, 2022
Transactions value $
-$367,340
Form type
4
Date filed
8/11/2022, 08:58 PM
Previous filing
Aug 9, 2022
Next filing
Oct 4, 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 +65.7K +38.14% 238K Aug 9, 2022 Direct F2
transaction CMTL Common Stock Par Value $.10 Per Share Tax liability -$367K -33.5K -14.09% $10.95 204K Aug 9, 2022 Direct F3

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 -65.7K -100% $0.00* 0 Aug 9, 2022 Common Stock Par Value $.10 Per Share 65.7K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael Porcelain is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This transaction represents the vesting of 65,714 restricted stock units.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 The 33,547 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state, and Federal Insurance Contributions Act ("FICA") tax.