COMTECH TELECOMMUNICATIONS CORP /DE/ 4
4 · COMTECH TELECOMMUNICATIONS CORP /DE/ · Filed Aug 11, 2016
Insider Transaction Report
Form 4
KAPLAN IRA
Director
Transactions
- Award
Restricted Stock Units
2016-08-09+9,125→ 16,448 total→ Common stock par value $.10 per share (9,125 underlying)
Footnotes (2)
- [F1]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.
- [F2]Generally, the restricted stock units will vest in installments over a three year period, at a rate of 25% on the first and second anniversaries of grant and 50% on the third anniversary 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.