FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 08/02/2015 |
3. Issuer Name and Ticker or Trading Symbol
COMTECH TELECOMMUNICATIONS CORP /DE/ [ CMTL ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock par value $.10 per share | 7,318 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option Right to Buy(1) | 06/02/2015 | 06/02/2020 | Common Stock par value $.10 per share | 12,000 | $28.84 | D | |
Stock Option Right to Buy(1) | 06/02/2015 | 06/02/2021 | Common Stock par value $.10 per share | 19,200 | $27.67 | D | |
Stock Option Right to Buy(1) | 06/02/2016 | 06/02/2021 | Common Stock par value $.10 per share | 4,800 | $27.67 | D | |
Stock Option Right to Buy(1) | 06/06/2015 | 06/06/2022 | Common Stock par value $.10 per share | 7,200 | $29.51 | D | |
Stock Option Right to Buy(1) | 06/06/2016 | 06/06/2022 | Common Stock par value $.10 per share | 2,400 | $29.51 | D | |
Stock Option Right to Buy(1) | 06/06/2017 | 06/06/2022 | Common Stock par value $.10 per share | 2,400 | $29.51 | D | |
Stock Option Right to Buy(1) | 06/05/2015 | 06/05/2023 | Common Stock par value $.10 per share | 5,800 | $26.08 | D | |
Stock Option Right to Buy(1) | 06/05/2016 | 06/05/2023 | Common Stock par value $.10 per share | 2,900 | $26.08 | D | |
Stock Option Right to Buy(1) | 06/05/2017 | 06/05/2023 | Common Stock par value $.10 per share | 2,900 | $26.08 | D | |
Stock Option Right to Buy(1) | 06/05/2018 | 06/05/2023 | Common Stock par value $.10 per share | 2,900 | $26.08 | D | |
Stock Option Right to Buy(1) | 08/01/2015 | 08/01/2023 | Common Stock par value $.10 per share | 8,000 | $27.25 | D | |
Stock Option Right to Buy(1) | 08/01/2016 | 08/01/2023 | Common Stock par value $.10 per share | 4,000 | $27.25 | D | |
Stock Option Right to Buy(1) | 08/01/2017 | 08/01/2023 | Common Stock par value $.10 per share | 4,000 | $27.25 | D | |
Stock Option Right to Buy(1) | 08/01/2018 | 08/01/2023 | Common Stock par value $.10 per share | 4,000 | $27.25 | D | |
Stock Option Right to Buy(1) | 08/04/2015 | 08/04/2024 | Common Stock par value $.10 per share | 5,000 | $33.94 | D | |
Stock Option Right to Buy(1) | 08/04/2016 | 08/04/2024 | Common Stock par value $.10 per share | 5,000 | $33.94 | D | |
Stock Option Right to Buy(1) | 08/04/2017 | 08/04/2024 | Common Stock par value $.10 per share | 5,000 | $33.94 | D | |
Stock Option Right to Buy(1) | 08/04/2018 | 08/04/2024 | Common Stock par value $.10 per share | 5,000 | $33.94 | D | |
Stock Option Right to Buy(1) | 08/04/2019 | 08/04/2024 | Common Stock par value $.10 per share | 5,000 | $33.94 | D | |
Performance Shares | (3) | (3) | Common Stock par value $.10 per share | 1,791 | $0(2) | D | |
Performance Shares | (4) | (4) | Common Stock par value $.10 per share | 2,084 | $0(2) | D |
Explanation of Responses: |
1. Option was granted under Company's 2000 Stock Incentive Plan in consideration of services to be performed by the reporting person after the date of grant. |
2. Each Performance Share represents the contigent right to receive one share of common stock of Comtech Telecommunications Corp. |
3. 40% of the 2,985 Performance Shares issued to the Reporting Person on June 6, 2012 have previously vested and shares of common stock corresponding to the vested units have been delivered to the Reporting person. The remaining 60% will vest 20% per year on the second through fourth anniversaries of October 2, 2013 assuming continued service through each vesting date. |
4. 20% of the 2,605 Performance Shares issued to the Reporting Person on June 5, 2013 have previously vested. The remaining 80% will vest 20% per year on the first through fourth anniversaries of September 23, 2014 assuming continued service through each vesting date. All rights to shares of common stock corresponding to the vested units are deferred and will be delivered to the Reporting Person with 60 days of termination of employment. |
Remarks: |
John Branscum | 08/06/2015 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |