SEC Form 4 · accession 0001166388-17-000038
VERINT SYSTEMS INC · VRNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Fante
Officer — Chief Administrative Officer
Period of report
Apr 12, 2017
Accepted (ET)
Apr 14, 2017 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001166388
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 12, 2017 | A | 2,500 | $0.00 | A | 20,987 | D | |
| Common StockF2,F3,F4 | Apr 13, 2017 | S | 2,190 | $39.19 | D | 18,797 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the earned portion of the award, for which the performance conditions for vesting were satisfied on April 12, 2017 based on the Company's level of achievement of specified performance goals for the period from February 1, 2015 through January 31, 2017 and the filing of the Company's Annual Report on Form 10-K for such period.
- F2Amount sold to satisfy applicable tax withholding resulting from the vesting of restricted stock units on April 12, 2017, including those reported on row 1 of Table 1 of this Form 4.
- F3Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $38.75 per share to $39.70 per share.
- F4The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares purchased or sold at each separate price.