LESAVOY LISA /ADV 4
4 · COMTECH TELECOMMUNICATIONS CORP /DE/ · Filed Aug 6, 2020
Insider Transaction Report
Form 4
LESAVOY LISA /ADV
Director
Transactions
- Disposition to Issuer
Stock Option Right to Buy
2020-08-04−15,000→ 0 totalExercise: $17.88From: 2021-05-28Exp: 2030-05-28→ Common stock par value $.10 per share (15,000 underlying) - Award
Restricted Stock Units
2020-08-04+4,631→ 6,417 total→ Common stock par value $.10 per share (4,631 underlying) - Award
Restricted Stock Units
2020-08-04+7,195→ 13,612 total→ Common stock par value $.10 per share (7,195 underlying)
Footnotes (3)
- [F1]On May 28, 2020, the Company made an administrative error and issued the Reporting Person stock options instead of restricted stock units. On August 4, 2020, the Company corrected the error by cancelling the stock options and issuing the Reporting Person restricted stock units. The correction of the error resulted in no change to the economic value received by the Reporting Person.
- [F2]Restricted stock units were granted under the Company's 2000 Stock Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.
- [F3]Generally, the restricted stock units will vest in installments over a five year period, at a rate of 20% on the first through fifth anniversaries of grant, assuming continued service as a director. Shares of common stock corresponding to vested units will be delivered to the reporting person within 30 days of termination of directorship.