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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Shares (1) | (2) | 06/06/2012 | A | 12,435 | (3) | (3) | Common stock par value $.10 per share | 12,435 | $ 0 | 12,435 | D | ||||
Stock Option Right to Buy (4) | $ 29.51 | 06/06/2012 | A | 10,000 | 06/06/2013 | 06/06/2022 | Common stock par value $.10 per share | 10,000 | $ 0 | 612,500 | D | ||||
Stock Option Right to Buy (4) | $ 29.51 | 06/06/2012 | A | 10,000 | 06/06/2014 | 06/06/2022 | Common stock par value $.10 per share | 10,000 | $ 0 | 622,500 | D | ||||
Stock Option Right to Buy (4) | $ 29.51 | 06/06/2012 | A | 10,000 | 06/06/2015 | 06/06/2022 | Common stock par value $.10 per share | 10,000 | $ 0 | 632,500 | D | ||||
Stock Option Right to Buy (4) | $ 29.51 | 06/06/2012 | A | 10,000 | 06/06/2016 | 06/06/2022 | Common stock par value $.10 per share | 10,000 | $ 0 | 642,500 | D | ||||
Stock Option Right to Buy (4) | $ 29.51 | 06/06/2012 | A | 10,000 | 06/06/2017 | 06/06/2022 | Common stock par value $.10 per share | 10,000 | $ 0 | 652,500 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KORNBERG FRED 68 SOUTH SERVICE ROAD, SUITE 230 MELVILLE, NY 11747 |
X | Chairman, CEO & President |
Fred Kornberg | 06/08/2012 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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). |
(1) | Performance shares are subject to a minimum financial performance criteria for the fiscal year ending July 31, 2013. |
(2) | Each share represents the contingent right to receive one share of common stock of Comtech Telecommunications Corp. |
(3) | Generally, the performance shares will vest 20% on the date that the Executive Compensation Committee of the Board of Directors of the Company determines that the performance criteria have been met and the remaining 80% will vest 20% per year on the first through fourth anniversaries of that determination date, assuming continued service through the vesting date. Shares of common stock will be distributed as applicable on each vesting date, unless the reporting person makes an election to receive the shares at a later date. |
(4) | Option was granted under the Company's 2000 Stock Incentive Plan in consideration of services to be performed by the reporting person after the date of grant. |