MICHAEL PORCELAIN - 09 Aug 2022 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Role
Former President & CEO
Signature
Michael D. Porcelain
Issuer symbol
CMTL
Transactions as of
09 Aug 2022
Transactions value $
-$367,340
Form type
4
Filing time
11 Aug 2022, 20:58:36 UTC
Previous filing
09 Aug 2022
Next filing
04 Oct 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 +65,714 +38.14% 238,021 09 Aug 2022 Direct F2
transaction CMTL Common Stock Par Value $.10 Per Share Tax liability -$367,339 -33,547 -14.09% $10.95 204,474 09 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 -65,714 -100% $0* 0 09 Aug 2022 Common Stock Par Value $.10 Per Share 65,714 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

MICHAEL PORCELAIN is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This transaction represents the vesting of 65,714 restricted stock units.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 The 33,547 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state, and Federal Insurance Contributions Act ("FICA") tax.