BRANSCUM JOHN 4
4 · COMTECH TELECOMMUNICATIONS CORP /DE/ · Filed Sep 27, 2019
Insider Transaction Report
Form 4
BRANSCUM JOHN
Sr. Vice President
Transactions
- Exercise/Conversion
Common stock par value $.10 per share
2019-09-25+132→ 45,165 total - Award
Share Units
2019-09-25+2,956→ 8,064 total→ Common stock par value $.10 per share (2,956 underlying) - Tax Payment
Common stock par value $.10 per share
2019-09-25$34.97/sh−132$4,616→ 45,033 total - Exercise/Conversion
Share Units
2019-09-25−132→ 7,932 total→ Common stock par value $.10 per share (132 underlying)
Footnotes (2)
- [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, 2019, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, cannot be assigned, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on September 25, 2020.