Form 4 for CMTL COMTECH TELECOMMUNICATIONS CORP /DE/
Accepted 2023-07-31 00:00:00 ET · period of report 2023-07-27 · accession 0001062993-23-015533 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-07-31 | 2023-07-27 | CMTL | Walther Donald E. | CLO | M - OptEx | — | +587 | 1,587 | +59% | — |
| D | 2023-07-31 | 2023-07-27 | CMTL | Walther Donald E. | CLO | F - Tax | $10.01 | -587 | 1,000 | -37% | -$5,876 |
| D | 2023-07-31 | 2023-07-27 | CMTL | Walther Donald E. | CLO | A - Grant | — | +13.5K | 13.5K | New | — |
| D | 2023-07-31 | 2023-07-27 | CMTL | Walther Donald E. | CLO | M - OptEx | — | -587 | 12.9K | -4% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock Par Value $.10 Per Share | 2023-07-27 | M | A | 587 | — | 1,587 | D | — | — | (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. |
| 2 | Common | Common Stock Par Value $.10 Per Share | 2023-07-27 | F | D | 587 | $10.01 | 1,000 | D | — | — | |
| 3 | Derivative | Share Units | 2023-07-27 | A | A | 13,487 | — | 13,487 | D | — · — to — | 13,487 Common Stock Par Value $.10 Per Share | (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, 2023, 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 27, 2024. |
| 4 | Derivative | Share Units | 2023-07-27 | M | D | 587 | — | 12,900 | D | — · — to — | 587 Common Stock Par Value $.10 Per Share | (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, 2023, 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 27, 2024. |