Comtech Telecommunications (CMTL) Form 3 COMTECH TELECOMMUNICATIONS / JOHN BRANSCUM ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

BRANSCUM JOHN

(Last) (First) (Middle)

COMTECH TELECOMMUNICATIONS CORP.

68 SOUTH SERVICE ROAD, SUITE 230

(Street)

MELVILLE NY 11747

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/02/2015

3. Issuer Name and Ticker or Trading Symbol
COMTECH TELECOMMUNICATIONS CORP /DE/ [ CMTL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr. Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock par value $.10 per share	7,318	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option Right to Buy(1)	06/02/2015	06/02/2020	Common Stock par value $.10 per share	12,000	28.84	D
Stock Option Right to Buy(1)	06/02/2015	06/02/2021	Common Stock par value $.10 per share	19,200	27.67	D
Stock Option Right to Buy(1)	06/02/2016	06/02/2021	Common Stock par value $.10 per share	4,800	27.67	D
Stock Option Right to Buy(1)	06/06/2015	06/06/2022	Common Stock par value $.10 per share	7,200	29.51	D
Stock Option Right to Buy(1)	06/06/2016	06/06/2022	Common Stock par value $.10 per share	2,400	29.51	D
Stock Option Right to Buy(1)	06/06/2017	06/06/2022	Common Stock par value $.10 per share	2,400	29.51	D
Stock Option Right to Buy(1)	06/05/2015	06/05/2023	Common Stock par value $.10 per share	5,800	26.08	D
Stock Option Right to Buy(1)	06/05/2016	06/05/2023	Common Stock par value $.10 per share	2,900	26.08	D
Stock Option Right to Buy(1)	06/05/2017	06/05/2023	Common Stock par value $.10 per share	2,900	26.08	D
Stock Option Right to Buy(1)	06/05/2018	06/05/2023	Common Stock par value $.10 per share	2,900	26.08	D
Stock Option Right to Buy(1)	08/01/2015	08/01/2023	Common Stock par value $.10 per share	8,000	27.25	D
Stock Option Right to Buy(1)	08/01/2016	08/01/2023	Common Stock par value $.10 per share	4,000	27.25	D
Stock Option Right to Buy(1)	08/01/2017	08/01/2023	Common Stock par value $.10 per share	4,000	27.25	D
Stock Option Right to Buy(1)	08/01/2018	08/01/2023	Common Stock par value $.10 per share	4,000	27.25	D
Stock Option Right to Buy(1)	08/04/2015	08/04/2024	Common Stock par value $.10 per share	5,000	33.94	D
Stock Option Right to Buy(1)	08/04/2016	08/04/2024	Common Stock par value $.10 per share	5,000	33.94	D
Stock Option Right to Buy(1)	08/04/2017	08/04/2024	Common Stock par value $.10 per share	5,000	33.94	D
Stock Option Right to Buy(1)	08/04/2018	08/04/2024	Common Stock par value $.10 per share	5,000	33.94	D
Stock Option Right to Buy(1)	08/04/2019	08/04/2024	Common Stock par value $.10 per share	5,000	33.94	D
Performance Shares	(3)	(3)	Common Stock par value $.10 per share	1,791	0(2)	D
Performance Shares	(4)	(4)	Common Stock par value $.10 per share	2,084	0(2)	D

Explanation of Responses:

1. Option was granted under Company's 2000 Stock Incentive Plan in consideration of services to be performed by the reporting person after the date of grant.

2. Each Performance Share represents the contigent right to receive one share of common stock of Comtech Telecommunications Corp.

3. 40% of the 2,985 Performance Shares issued to the Reporting Person on June 6, 2012 have previously vested and shares of common stock corresponding to the vested units have been delivered to the Reporting person. The remaining 60% will vest 20% per year on the second through fourth anniversaries of October 2, 2013 assuming continued service through each vesting date.

4. 20% of the 2,605 Performance Shares issued to the Reporting Person on June 5, 2013 have previously vested. The remaining 80% will vest 20% per year on the first through fourth anniversaries of September 23, 2014 assuming continued service through each vesting date. All rights to shares of common stock corresponding to the vested units are deferred and will be delivered to the Reporting Person with 60 days of termination of employment.

Remarks:

	John Branscum	08/06/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
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