Donald E. Walther - Apr 28, 2023 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Signature
Donald E. Walther
Stock symbol
CMTL
Transactions as of
Apr 28, 2023
Transactions value $
$0
Form type
4
Date filed
5/1/2023, 09:19 PM
Previous filing
Apr 13, 2023
Next filing
Jun 14, 2023

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 Award $0 +5.06K $0.00 5.06K Apr 28, 2023 Common Stock Par Value $.10 Per Share 5.06K Direct F1, F2
transaction CMTL Restricted Stock Units Award $0 +29K +573.41% $0.00 34K Apr 28, 2023 Common Stock Par Value $.10 Per Share 29K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the grant of restricted stock units pursuant to the Company's 2000 Stock Incentive Plan, and represents the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.
F2 Generally, the restricted stock units will vest in installments over a three year period, at a rate of one-third on the first through third anniversaries of the grant, assuming continued service as an employee. Shares of common stock corresponding to vested units will be delivered to the Reporting Person within 30 days of vesting.
F3 The restricted stock units are subject to cliff vesting on the third anniversary of the grant, assuming continued service as an employee. Shares of common stock corresponding to the vested units will be delivered to the reporting person within 30 days of vesting.