MARIA HEDDEN - 31 Mar 2022 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Role
Chief Operating Officer
Signature
MARIA HEDDEN
Issuer symbol
CMTL
Transactions as of
31 Mar 2022
Transactions value $
$0
Form type
4
Filing time
04 Apr 2022, 16:31:30 UTC
Next filing
21 Jul 2022
SEC
View on sec.gov

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 +2,833 $0 2,833 31 Mar 2022 Common Stock Par Value $.10 Per Share 2,833 Direct F1, F2
transaction CMTL Restricted Stock Units Award $0 +25,494 +9% $0 28,327 31 Mar 2022 Common Stock Par Value $.10 Per Share 25,494 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 five year period, at a rate of 20% on the first through fifth anniversaries of 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 fifth anniversary of 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.