(CMTL)

Role: Chief Financial Officer
Signature: Michael Bondi
Issuer symbol: CMTL
Transactions as of: 28 Jul 2022
Transactions value $: -$8,017
Form type: 4
Filing time: 01 Aug 2022, 20:23:16 UTC
Previous filing: 18 Jul 2022
Next filing: 02 Aug 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		+702	+1.61%		44.2K	28 Jul 2022	Direct	F1
transaction	CMTL	Common Stock Par Value $.10 Per Share	Tax liability	-$8.02K	-702	-1.59%	$11.42	43.5K	28 Jul 2022	Direct

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	Share Units	Award		+15.3K	+120.38%		28.1K	28 Jul 2022	Common Stock Par Value $.10 Per Share	15.3K		Direct	F2
transaction	CMTL	Share Units	Options Exercise		-702	-2.5%		27.4K	28 Jul 2022	Common Stock Par Value $.10 Per Share	702		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These transactions represent the net settlement of share units (see footnote #2) to withhold the Reporting Person's Federal Insurance Contributions ACT ("FICA") tax and certain federal and state income taxes.
F2	Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis. The share units were issued in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2022, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on July 28, 2023.

Content

These transactions represent the net settlement of share units (see footnote #2) to withhold the Reporting Person's Federal Insurance Contributions ACT ("FICA") tax and certain federal and state income taxes.

Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis. The share units were issued in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2022, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on July 28, 2023.