FRED KORNBERG - 27 Sep 2021 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Role
Chairman & CEO, Director
Signature
Fred Kornberg
Issuer symbol
CMTL
Transactions as of
27 Sep 2021
Net transactions value
-$236,767
Form type
4
Filing time
29 Sep 2021, 16:20:22 UTC
Previous filing
12 Aug 2021
Next filing
05 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMTL Common Stock Par Value $0.10 Per Share Award +17,080 +15% 133,128 27 Sep 2021 Direct F1, F2
transaction CMTL Common Stock Par Value $0.10 Per Share Tax liability $236,767 -9,075 -6.8% $26.09 124,053 27 Sep 2021 Direct F3
holding CMTL Common Stock Par Value $0.10 Per Share 308,860 27 Sep 2021 By GRAT
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the issuance of Comtech Telecommunications Corp. common stock on September 27, 2021 as a result of the settlement of a Long Term Performance Share Award granted on August 8, 2018 in connection with the achievement of pre-established goals over the three-year performance period ended July 31, 2021.
F2 Long Term Performance shares convert into common stock on a one-for-one basis.
F3 The 9,075 shares reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.