COMTECH TELECOMMUNICATIONS CORP /DE/ 4
4 · COMTECH TELECOMMUNICATIONS CORP /DE/ · Filed Aug 16, 2016
Insider Transaction Report
Form 4
PAUL ROBERT G
Director
Transactions
- Award
Common Stock Par Value $0.10 Per Share
2016-08-09+8,869→ 11,948 total - Award
Restricted Stock Units
2016-08-09+256→ 9,167 total→ Common stock par value $.10 per share (256 underlying)
Footnotes (5)
- [F1]Restricted stock awards 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.
- [F2]Generally, the restricted stock awards 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 awards will be delivered to the reporting person within 30 days of vesting.
- [F3]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.
- [F4]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.
- [F5]This form was originally submitted on August 11, 2016 and due to technical reasons was not accepted until August 16, 2016.