-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SP/sNfA+jL3h90kADXJI9CnZjtWSQunqHVg4dgtwTRj/UN2kS7VvPrQlGMxUsbMB n5r4X7/3XILEqFLUgP5cZQ== 0000922423-98-000581.txt : 19980605 0000922423-98-000581.hdr.sgml : 19980605 ACCESSION NUMBER: 0000922423-98-000581 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980604 SROS: NASD GROUP MEMBERS: BARINGTON CAPITAL GROUP L P GROUP MEMBERS: BARINGTON CAPITAL GROUP, L.P. GROUP MEMBERS: EDMUND H. SHEA, JR. GROUP MEMBERS: JAMES A. MITAROTONDA SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COMTECH TELECOMMUNICATIONS CORP /DE/ CENTRAL INDEX KEY: 0000023197 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 112139466 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-14443 FILM NUMBER: 98642330 BUSINESS ADDRESS: STREET 1: 105 BAYLIS RD CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 5167778900 MAIL ADDRESS: STREET 1: 105 BAYLIS ROAD STREET 2: 105 BAYLIS ROAD CITY: MELVILLE STATE: NY ZIP: 11747 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH INC DATE OF NAME CHANGE: 19870503 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH TELECOMMUNICATIONS CORP DATE OF NAME CHANGE: 19831215 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH LABORATORIES INC DATE OF NAME CHANGE: 19780425 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BARINGTON CAPITAL GROUP L P CENTRAL INDEX KEY: 0000887762 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE 17TH FL CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2129745400 SC 13D/A 1 AMENDMENT NO. 3 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO SCHEDULE 13D Under the Securities Exchange Act of 1934 Comtech Telecommunications Corp. -------------------------------- (Name of Issuer) Common Stock, par value $.10 per share -------------------------------------- (Title of Class of Securities) 20582620900 ------------- (CUSIP Number) Thomas E. Constance, Esq. Kramer, Levin, Naftalis & Frankel 919 Third Avenue New York, New York 10022 (212) 715-9100 -------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 8, 1998 ------------------------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box: |_| Page 1 of 10 pages SCHEDULE 13D CUSIP No. 20582620900 Page 2 of 10 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James A. Mitarotonda - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) SEE ITEM 5 - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 40,000 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING Not Applicable PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 40,000 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 40,000 (See Item 5) - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 20582620900 Page 3 of 10 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Edmund H. Shea, Jr. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) SEE ITEM 5 - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 58,528 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING Not Applicable PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 58,528 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 58,528 (See Item 5) - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 20582620900 Page 4 of 10 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Barington Capital Group, L.P. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) SEE ITEM 5 - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 146,893 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING Not Applicable PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 146,893 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 146,893 (See Item 5) - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- Page 5 of 10 Pages SCHEDULE 13D ITEM 1. SECURITY AND ISSUER. This Amendment No. 3 to a Statement on Schedule 13D (the "Statement") relates to the sale by Edmund H. Shea, Jr. ("Mr. Shea") of shares of Common Stock, par value $.10 per share (the "Common Stock"), of Comtech Telecommunications Corp., a Delaware corporation (the "Company"), the sale by Barington Capital Group, L.P. ("Barington") of shares of Common Stock of the Company and the sale by James A. Mitarotonda ("Mr. Mitarotonda") of shares of Common Stock of the Company. The information set forth in Item 1 of Amendment No. 1 to the Statement ("Amendment 1") is incorporated herein by reference. ITEM 2. IDENTITY AND BACKGROUND. The information set forth in Item 2 of Amendment 1 and Schedule 1 to Amendment No. 2 to the Statement ("Amendment 2") is incorporated herein by reference. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Except as set forth below, the information set forth in Item 3 of each of Amendment 1 and Amendment 2 is incorporated herein by reference. ITEM 4. PURPOSE OF TRANSACTION. The information set forth in Item 4 of each of Amendment 1 and Amendment 2 is incorporated herein by reference. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Except as set forth below, the information set forth in Item 5 of each of Amendment 1 and Amendment 2 is incorporated herein by reference. "A. Mr. Mitarotonda (a) Mr. Mitarotonda beneficially owns an aggregate of 40,000 shares of Common Stock, representing approximately 1.5% of the shares of Common Stock outstanding./1/ (c) Through Barington as his broker-dealer, Mr. Mitarotonda effected the following transactions in the 60 days ended May 8, 1998: (i) on April 6, 1998, Mr. Mitarotonda sold 2,000 shares of Common Stock at a price of $8-11/32 per share, - -------- /1/ Based upon 2,654,404 shares of Common Stock reported by the Company to be outstanding as of February 28, 1998 in its Quarterly Report on Form 10-Q for the period ended January 31, 1998 and with respect to percentages relating to shares beneficially owned by Barington, treating the shares issuable upon exercise of the underwriter's warrants as outstanding for this purpose. Page 6 of 10 Pages and (ii) on May 4, 1998, Mr. Mitarotonda sold 3,000 shares of Common Stock at a price of $9-2/25 per share. On May 11, 1998, Mr. Mitarotonda sold 5,000 shares of Common Stock at a price of $10-23/32 per share." "B. Mr. Shea (a) Mr. Shea beneficially owns an aggregate of 58,528 shares of Common Stock, representing approximately 2.2% of the shares of Common Stock outstanding.1/ (c) Through Barington as his broker-dealer, Mr. Shea effected the following transactions in the 60 days ended May 8, 1998: (i) on March 9, 1998, Mr. Shea sold 5,000 shares of Common Stock at a price of $7-1/8 per share, (ii) on March 10, 1998, Mr. Shea sold 5,000 shares of Common Stock at a price of $7-3/8 per share, and (iii) on March 10, 1998, Mr. Shea sold 10,000 shares of Common Stock at a price of $7-1/4 per share. On May 11, 1998, Mr. Shea sold 5,000 shares of Common Stock at a price of $10.67 per share." "C. Barington Capital Group (a) Barington beneficially owns as of May 20, 1998, an aggregate of 146,893 shares of Common Stock, representing approximately 5.3% of the shares of Common Stock outstanding, including 100,000 shares issuable upon exercise of underwriter's warrants described in footnote 1.1/ (c) Barington effected the following transactions in the Common Stock held in its investment account in the 60 days ended May 8, 1998: (i) on March 11, 1998, Barington sold an aggregate of 10,000 shares of Common Stock previously held in its investment account at a price of $7-3/4 per share, a price based on the average acquisition price paid for such shares in open market transactions, and (ii) on May 8, 1998, Barington sold an aggregate of 10,000 shares of Common Stock previously held in its investment account at prices ranging from $10-1/2 per share to $10-9/16 per share, prices based on the average acquisition price paid for such shares in open market transactions. As of the close of business on May 8, 1998, Barington's trading account held 5,220 shares of Common Stock. During the 60 days ended May 8, 1998, in connection with its market-making activities, Barington purchased an aggregate of 65,600 shares of Common Stock and sold an aggregate of 60,380 shares of Common Stock at prices ranging from $7 per share to $8-7/16 per share. Shares of Common Stock acquired or sold by Barington in connection with such market making activities during the period ended May 8, 1998, are not reflected in the calculation of shares beneficially owned by Barington in paragraph (a) above. As of the close of business on May 20, 1998, Barington's trading account held 678 shares of Common Stock." Page 7 of 10 Pages ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. None. Page 8 of 10 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. Dated: June 1, 1998 /s/James A. Mitarotonda ----------------------- James A. Mitarotonda Page 9 of 10 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. Dated: June 1, 1998 /s/Edmund H. Shea, Jr. ---------------------- Edmund H. Shea, Jr. Page 10 of 10 Pages SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: June 1, 1998 BARINGTON CAPITAL GROUP, L.P. By: LNA CAPITAL CORP., its general partner By: /s/James A. Mitarotonda ----------------------- Name: James A. Mitarotonda Title: President -----END PRIVACY-ENHANCED MESSAGE-----