Key facts
- This page summarizes Mark R. Quinlan's Form 4 filing for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL).
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 18 Jun 2024, 16:30.
Mark R. Quinlan - 17 Jun 2024 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
- Reporting relationship
- Director
- Issuer ticker
- CMTL
- Reported as of
- 17 Jun 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 18 Jun 2024, 16:30:20 UTC
- Prior SEC filing
- 23 Jan 2024
- Next SEC filing
- 02 Oct 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Mark R. Quinlan
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Mark R. Quinlan filed Form 4 for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) on 18 Jun 2024.
Change
- Previous filing in this sequence was filed on 23 Jan 2024.
- Current net transaction value: $0.
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 derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CMTL
transaction
Derivative
Series B Convertible Preferred Stock
Disposed to Issuer
- Transaction value
- Shares
- -29,305
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 17 Jun 2024
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,801,845
- Exercise price
- Footnotes
- F1, F2, F3, F4, F5, F6, F10
CMTL
transaction
Derivative
Series B-1 Convertible Preferred Stock
Award
- Transaction value
- Shares
- +29,305
- Change %
- Price
- Shares after
- 29,305
- Date
- 17 Jun 2024
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,801,845
- Exercise price
- Footnotes
- F5, F6, F7, F8, F9
CMTL
transaction
Derivative
Series B-1 Convertible Preferred Stock
Award
- Transaction value
- Shares
- +1,007
- Change %
- +3.4%
- Price
- Shares after
- 30,311
- Date
- 17 Jun 2024
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 130,583
- Exercise price
- Footnotes
- F6, F7, F8, F9, F10
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 10 footnotes
Footnote F1
Conversion price of $7.99.
Footnote F2
Holders of Series B Convertible Preferred Stock had the right to convert their shares of Series B Convertible Preferred Stock at any time. Subject to the terms and conditions set forth in the Certificate of Designations of the Series B Convertible Preferred Stock, the Issuer had the right to designate any business day after July 22, 2027 as a conversion date for all or any portion that is a whole number of the outstanding shares of Series B Convertible Preferred Stock.
Footnote F3
The Series B Convertible Preferred Stock had no expiration date.
Footnote F4
Includes accumulated dividends through June 16, 2024.
Footnote F5
The shares of Series B Convertible Preferred Stock were exchanged for an equal number of shares of Series B-1 Convertible Preferred Stock.
Footnote F6
The securities reported herein are held by funds managed by White Hat Capital Partners LP, a Delaware limited partnership (the "WH Investment Manager"). Mr. Mark R. Quinlan (the "Reporting Person") serves as the co-managing member of the general partner of the WH Investment Manager. The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.
Footnote F7
Conversion price of $7.99, subject to adjustments as set forth in the Certificate of Designations of the Series B-1 Convertible Preferred Stock (the "Series B-1 CoD").
Footnote F8
Holders of Series B-1 Convertible Preferred Stock have the right to convert their shares of Series B-1 Convertible Preferred Stock at any time. Subject to the terms and conditions set forth in the Series B-1 CoD, the Issuer has the right to designate any business day after July 22, 2027 as a conversion date for all or any portion that is a whole number of the outstanding shares of Series B-1 Convertible Preferred Stock.
Footnote F9
The Series B-1 Convertible Preferred Stock has no expiration date.
Footnote F10
Issued as June Additional Shares as defined and as described in that certain Subscription and Exchange Agreement dated as of June 17, 2024 by and among the Issuer and the investors listed on the signature pages attached thereto, attached as Exhibit 10.2 to the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 18, 2024.