Unassociated Document

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

SCHEDULE 13G
(Rule 13d-102)

Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No.   1 )*

Comtech Telecommunications Corp.

(Name of Issuer)

Common Stock, $0.10 par value

 (Title of Class of Securities)

205826209

 (CUSIP Number)

December 31, 2009

 Date of Event Which Requires Filing of the Statement

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[   ]           Rule 13d-1(b)
[X]           Rule 13d-1(c)
[   ]           Rule 13d-1(d)
 
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 

 

CUSIP NO. 205826209
13G
Page 2 of 11 

 
1.
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Citadel Advisors LLC
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)    ¨
(b)    ¨
 
3.
 
SEC USE ONLY
 
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
5.
 
SOLE VOTING POWER
0
 
6.
 
SHARED VOTING POWER
 
2,105,082 shares
 
 
7.
 
SOLE DISPOSITIVE POWER
0
 
8.
 
SHARED DISPOSITIVE POWER
See Row 6 above.
 
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
 
10.
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
6.9%1
 
12.
 
TYPE OF REPORTING PERSON
IA;2 OO; HC
 

1
The percentages reported in this Schedule 13G/A are based upon 30,332,490 shares of Common Stock outstanding (composed of (i) 28,241,490 shares of Common Stock outstanding as of December 4, 2009 (according to the Form 10-Q filed by the issuer on December 8, 2009) plus (ii) 2,091,000 shares of Common Stock issuable upon the conversion of the 3.0% Convertible Senior Notes due 2029 held by Citadel Convertible Opportunities Ltd. and Citadel Equity Fund Ltd.).
 
2
Citadel Advisors LLC became a registered investment adviser effective as of January 8, 2010.
 
 
 

 
 
CUSIP NO. 205826209
13G
Page 3 of 11 

 
1.
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Citadel Holdings II LP
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)    ¨
(b)    ¨
 
3.
 
SEC USE ONLY
 
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
5.
 
SOLE VOTING POWER
0
 
6.
 
SHARED VOTING POWER
 
2,105,082 shares
 
 
7.
 
SOLE DISPOSITIVE POWER
0
 
8.
 
SHARED DISPOSITIVE POWER
See Row 6 above.
 
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
 
10.
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
6.9%
 
12.
 
TYPE OF REPORTING PERSON
PN; HC
 
 
 

 
 
CUSIP NO. 205826209
13G
Page 4 of 11 

 
1.
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Citadel Equity Fund Ltd.
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)    ¨
(b)    ¨
 
3.
 
SEC USE ONLY
 
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
5.
 
SOLE VOTING POWER
0
 
6.
 
SHARED VOTING POWER
 
2,043,804 shares
 
 
7.
 
SOLE DISPOSITIVE POWER
0
 
8.
 
SHARED DISPOSITIVE POWER
See Row 6 above.
 
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
 
10.
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
6.7%
 
12.
 
TYPE OF REPORTING PERSON
CO


 
 

 
 
CUSIP NO. 205826209
13G
Page 5 of 11 
 
 
1.
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Citadel Investment Group II, L.L.C.
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)    ¨
(b)    ¨
 
3.
 
SEC USE ONLY
 
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
5.
 
SOLE VOTING POWER
0
 
6.
 
SHARED VOTING POWER
 
2,140,490 shares
 
 
7.
 
SOLE DISPOSITIVE POWER
0
 
8.
 
SHARED DISPOSITIVE POWER
See Row 6 above.
 
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
 
10.
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.1%
 
12.
 
TYPE OF REPORTING PERSON
OO; HC
 
 
 

 

CUSIP NO. 205826209
13G
Page 6 of 11 

 
1.
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Kenneth Griffin
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)    ¨
(b)    ¨
 
3.
 
SEC USE ONLY
 
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
5.
 
SOLE VOTING POWER
0
 
6.
 
SHARED VOTING POWER
 
2,140,490 shares
 
 
7.
 
SOLE DISPOSITIVE POWER
0
 
8.
 
SHARED DISPOSITIVE POWER
See Row 6 above.
 
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
 
10.
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.1%
 
12.
 
TYPE OF REPORTING PERSON
IN; HC


 
 

 

CUSIP NO. 205826209
13G
Page 7 of 11 
 
Item 1(a)
Name of Issuer
Comtech Telecommunications Corp.

Item 1(b)
Address of Issuer's Principal Executive Offices
68 South Service Road, Suite 230, Melville, New York 11747
 
Item 2(a)
Name of Person Filing
This Schedule 13G/A is being jointly filed by Citadel Advisors LLC (“Citadel Advisors”), Citadel Holdings II LP (“CH-II”), Citadel Equity Fund Ltd. (“CEF”), Citadel Investment Group II, L.L.C. (“CIG-II”) and Mr. Kenneth Griffin (collectively with Citadel Advisors, CH-II, CEF and CIG-II, the “Reporting Persons”) with respect to shares of Common Stock of the above-named issuer (and/or options to purchase such shares and/or other securities convertible into such shares) owned by CEF, Pioneer Path Capital Ltd., a Cayman Islands limited company (“PPC”), Citadel Global Equities Master Fund Ltd., a Cayman Islands limited company (“CG”), Citadel Convertible Opportunities Ltd., a Cayman Islands limited company (“CCO”), Citadel Securities LLC, a Delaware limited liability company (“Citadel Securities”), and certain segregated accounts.3
 
Citadel Advisors is the investment manager for CEF, CG, PPC, CCO and certain segregated accounts.  CH-II is the managing member of Citadel Advisors.  Citadel Holdings I LP, a Delaware limited partnership (“CH-I”), is the non-member manager of Citadel Securities.  CIG-II is the general partner of CH-I and CH-II.  Mr. Griffin is the President and Chief Executive Officer of, and owns a controlling interest in, CIG-II.
 
The filing of this statement shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by the statement other than the securities actually owned by such person (if any).
 
Item 2(b)
Address of Principal Business Office
The address of the principal business office of each of the Reporting Persons is c/o Citadel Investment Group, L.L.C., 131 S. Dearborn Street, 32nd Floor, Chicago, Illinois 60603.
 
Item 2(c)
Citizenship
Each of Citadel Advisors and CIG-II is organized as a limited liability company under the laws of the State of Delaware.  CH-II is organized as a limited partnership under the laws of the State of Delaware.  CEF is organized as a limited company under the laws of the Cayman Islands.  Mr. Griffin is a U.S. citizen.
 
Item 2(d)
Title of Class of Securities
Common Stock, $0.10 par value
 
Item 2(e)
CUSIP Number
205826209
 

3
This Schedule 13G/A amends a Schedule 13G filed on September 24, 2009 by Citadel Limited Partnership, the Reporting Persons named above and certain other affiliated parties.
 

 
CUSIP NO. 205826209
13G
Page 8 of 11 
 
Item 3
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
[__]
Broker or dealer registered under Section 15 of the Exchange Act;
 
 
(b)
[__]
Bank as defined in Section 3(a)(6) of the Exchange Act;
 
 
(c)
[__]
Insurance company as defined in Section 3(a)(19) of the Exchange Act;
 
 
(d)
[__]
Investment company registered under Section 8 of the Investment Company Act;
 
 
(e)
[__]
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
 
 
(f)
[__]
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
 
 
(g)
[__]
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
 
 
(h)
[__]
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
 
 
(i)
[__]
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
 
 
(j)
[__]
A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
 
 
(k)
[__]
Group, in accordance with Rule 13d-1(b)(1)(ii)(K).
 
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ____________.
 
Item 4 
Ownership
 
A.           Citadel Advisors LLC

 
(a)
Citadel Advisors may be deemed to beneficially own 2,105,082 shares of Common Stock.
 
 
(b)
The number of shares Citadel Advisors may be deemed to beneficially own constitutes approximately 6.9% of the Common Stock outstanding.
 
(c) 
Number of shares as to which such person has:
 
 
(i)
sole power to vote or to direct the vote:  0
 
 
(ii)
shared power to vote or to direct the vote:  2,105,082
 
 
(iii)
sole power to dispose or to direct the disposition of:  0
 

 
CUSIP NO. 205826209
13G
Page 9 of 11 
 
 
(iv)
shared power to dispose or to direct the disposition of: 2,105,082
 
B. 
Citadel Holdings II LP

 
(a)
CH-II may be deemed to beneficially own 2,105,082 shares of Common Stock.
 
 
(b)
The number of shares CH-II may be deemed to beneficially own constitutes approximately 6.9% of the Common Stock outstanding.
 
(c) 
Number of shares as to which such person has:
 
 
(i)
sole power to vote or to direct the vote:  0
 
 
(ii)
shared power to vote or to direct the vote:  2,105,082
 
 
(iii)
sole power to dispose or to direct the disposition of:  0
 
 
(iv)
shared power to dispose or to direct the disposition of:  2,105,082
 
C. 
Citadel Equity Fund Ltd.

 
(a)
CEF may be deemed to beneficially own 2,043,804 shares of Common Stock.
 
 
(b)
The number of shares CEF may be deemed to beneficially own constitutes approximately 6.7% of the Common Stock outstanding.
 
(c) 
Number of shares as to which such person has:
 
 
(i)
sole power to vote or to direct the vote:  0
 
 
(ii)
shared power to vote or to direct the vote:  2,043,804
 
 
(iii)
sole power to dispose or to direct the disposition of:  0
 
 
(iv)
shared power to dispose or to direct the disposition of:  2,043,804
 
D. 
Citadel Investment Group II, L.L.C.

 
(a)
CIG-II may be deemed to beneficially own 2,140,490 shares of Common Stock.
 
 
(b)
The number of shares CIG-II may be deemed to beneficially own constitutes approximately 7.1% of the Common Stock outstanding.
 
(c) 
Number of shares as to which such person has:
 
 
(i)
sole power to vote or to direct the vote:  0
 
(ii) 
shared power to vote or to direct the vote: 2,140,490
 
 
 

 

CUSIP NO. 205826209
13G
Page 10 of 11 
 
 
(iii)
sole power to dispose or to direct the disposition of:  0
 
 
(iv)
shared power to dispose or to direct the disposition of:  2,140,490
 
E. 
Kenneth Griffin

 
(a)
Mr. Griffin may be deemed to beneficially own 2,140,490 shares of Common Stock.
 
 
(b)
The number of shares Mr. Griffin may be deemed to beneficially own constitutes approximately 7.1% of the Common Stock outstanding.
 
(c) 
Number of shares as to which such person has:
 
 
(i)
sole power to vote or to direct the vote:  0
 
 
(ii)
shared power to vote or to direct the vote:  2,140,490
 
 
(iii)
sole power to dispose or to direct the disposition of:  0
 
 
(iv)
shared power to dispose or to direct the disposition of:  2,140,490
 
Item 5
Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following o.

Item 6
Ownership of More than Five Percent on Behalf of Another Person
 
Not Applicable

Item 7
Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company
 
See Item 2 above

Item 8
Identification and Classification of Members of the Group
 
Not Applicable

Item 9
Notice of Dissolution of Group
 
Not Applicable

Item 10 
Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
 

 

CUSIP NO. 205826209
13G
Page 11 of 11 
 
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
 
Dated this 16th day of February, 2010.

CITADEL ADVISORS LLC
 
CITADEL HOLDINGS II LP
         
By:
Citadel Holdings II LP,
 
By:
Citadel Investment Group II, L.L.C.,
 
its Managing Member
   
its General Partner
         
By:
Citadel Investment Group II, L.L.C.,
 
By:
/s/ John C. Nagel
 
its General Partner
   
John C. Nagel, Authorized Signatory
         
By:
/s/ John C. Nagel
     
 
John C. Nagel, Authorized Signatory
     
         
CITADEL EQUITY FUND LTD.
 
CITADEL INVESTMENT GROUP II, L.L.C.
         
By:
Citadel Advisors LLC,
 
By:
/s/ John C. Nagel
 
its Investment Manager
   
John C. Nagel, Authorized Signatory
         
By:
Citadel Holdings II LP,
     
 
its Managing Member
     
         
By:
Citadel Investment Group II, L.L.C.,
     
 
its General Partner
     
         
By:
/s/ John C. Nagel
     
 
John C. Nagel, Authorized Signatory
     
         
KENNETH GRIFFIN
     
         
By:
/s/ John C. Nagel
     
 
John C. Nagel, attorney-in-fact*
     
 

*
John C. Nagel is signing on behalf of Kenneth Griffin as attorney-in-fact pursuant to a power of attorney previously filed with the Securities and Exchange Commission on February 24, 2006, and hereby incorporated by reference herein. The power of attorney was filed as an attachment to a filing by Citadel Limited Partnership on Schedule 13G for Morgans Hotel Group Co.