Key facts
- This page summarizes Michael D. Porcelain's Form 4 filing for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Aug 2022, 17:25.
Michael D. Porcelain - 31 Jul 2022 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
- Reporting relationship
- President & CEO, Director
- Issuer ticker
- CMTL
- Reported as of
- 31 Jul 2022
- Net transaction value
- -$196,413
- SEC form
- 4
- Accepted by SEC
- 02 Aug 2022, 17:25:23 UTC
- Prior SEC filing
- 01 Aug 2022
- Next SEC filing
- 05 Aug 2022
- Source filing
- View source filing
- Reporting owner signature
- Michael D. Porcelain
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael D. Porcelain filed Form 4 for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) on 02 Aug 2022.
Change
- Previous filing in this sequence was filed on 01 Aug 2022.
- Current net transaction value: -$196,413.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
- +34,708
- Change %
- +23%
- Price
- Shares after
- 183,652
- Date
- 31 Jul 2022
- Ownership
- Direct
- Footnotes
- F1
CMTL
transaction
Common Stock Par Value $.10 Per Share
Tax liability
- Transaction value
- $196,413
- Shares
- -16,903
- Change %
- -9.2%
- Price
- $11.62
- Shares after
- 166,749
- Date
- 31 Jul 2022
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CMTL
transaction
Derivative
Share Units
Options Exercise
- Transaction value
- Shares
- -34,708
- Change %
- -31%
- Price
- Shares after
- 77,236
- Date
- 31 Jul 2022
- Ownership
- Direct
- Underlying class
- Common Stock Par Value $.10 Per Share
- Underlying amount
- 34,708
- 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, state and local income taxes in connection with the conversion of share units previously awarded to the Reporting Person into shares of Comtech Telecommunications Corp.'s common stock. Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis.
Footnote F2
The share units were issued last fiscal year in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2021, pursuant to the 2000 Stock Incentive Plan. These share units were fully vested upon grant and were automatically converted into Comtech Telecommunications Corp.'s common stock on the one-year anniversary of the grant date, which was July 31, 2022.