FRED KORNBERG - 03 Jan 2022 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Role
Director
Signature
Fred Kornberg
Issuer symbol
CMTL
Transactions as of
03 Jan 2022
Net transactions value
-$1,039,792
Form type
4
Filing time
05 Jan 2022, 18:29:17 UTC
Previous filing
29 Sep 2021
Next filing
07 Feb 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 $.10 Per Share Options Exercise +81,660 +49% 247,265 03 Jan 2022 Direct F2
transaction CMTL Common Stock Par Value $.10 Per Share Tax liability $1,039,792 -43,397 -18% $23.96 203,868 03 Jan 2022 Direct F3
holding CMTL Common Stock Par Value $.10 Per Share 260,993 03 Jan 2022 By GRAT

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 -81,660 -100% $0.000000* 0 03 Jan 2022 Common stock par value $.10 per share 81,660 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the vesting of 81,660 restricted stock units.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 The 43,397 shares on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.