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
<PAGE>
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
- --------------------------------------------------------------------------------
<PAGE>
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
- --------------------------------------------------------------------------------
<PAGE>
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>
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>
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>
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>
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>
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>
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
