MICHAEL PORCELAIN - 08 Aug 2022 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Role: President & CEO, Director
Signature: Michael D. Porcelain
Issuer symbol: CMTL
Transactions as of: 08 Aug 2022
Transactions value $: -$8,302
Form type: 4
Filing time: 09 Aug 2022, 19:43:00 UTC
Previous filing: 05 Aug 2022
Next filing: 10 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		+1.37K	+0.81%		170K	08 Aug 2022	Direct	F2
transaction	CMTL	Common Stock Par Value $.10 Per Share	Tax liability	-$8.3K	-700	-0.41%	$11.86	170K	08 Aug 2022	Direct	F3

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	-1.37K	-1.89%	$0.00	71K	08 Aug 2022	Common Stock Par Value $.10 Per Share	1.37K		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 1,370 of the 6,851 restricted stock units issued to the Reporting Person on August 8, 2018.
F2	Restricted stock units convert into common stock on a one-for-one basis.
F3	The 700 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state, and Federal Insurance Contributions Act ("FICA") tax.