SEC Form 4 · accession 0001208488-16-000002
VERINT SYSTEMS INC · VRNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elan Moriah
Officer — President, EIS & VIS
Period of report
Apr 8, 2016
Accepted (ET)
Apr 12, 2016 · 5:20 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 8, 2016 | A | 12,443 | $0.00 | A | 83,008 | D | |
| Common StockF2,F3,F4 | Apr 11, 2016 | S | 6,693 | $34.61 | D | 76,315 | 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 8, 2016 based on the Company's level of achievement of specified performance goals for the period from February 1, 2014 through January 31, 2016 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 8, 2015.
- F3Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $34.11 per share to $35.25 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.