SEC Form 4 · accession 0001171843-15-006968
VARONIS SYSTEMS INC · VRNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yakov Faitelson
Officer — CEO, President, Chairman · Director
Period of report
Dec 22, 2015
Accepted (ET)
Dec 28, 2015 · 6:01 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001361113
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value | Dec 22, 2015 | M | 86,763 | $1.039 | A | 1,075,865 | D | |
| Common Stock, $0.001 par value | Dec 22, 2015 | M | 70,646 | $1.256 | A | 1,146,511 | D | |
| Common Stock, $0.001 par value | Dec 22, 2015 | M | 141,291 | $1.256 | A | 1,287,802 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $1.039 | Dec 22, 2015 | M | 86,763 | D | Jan 9, 2008 | Jan 9, 2018 | Common Stock | 86,763 | 0 | D |
| Stock Option (right to buy) | $1.256 | Dec 22, 2015 | M | 70,646 | D | Jan 15, 2009 | Jan 15, 2019 | Common Stock | 70,646 | 176,950 | D |
| Stock Option (right to buy)F2 | $1.256 | Dec 22, 2015 | M | 141,291 | D | Jan 1, 2010 | Aug 5, 2019 | Common Stock | 141,291 | 68,949 | D |
Explanation of responses
- F143,382 options were exercisable upon the date of grant, January 9, 2008. 1/48th of the remaining options became exercisable monthly thereafter.
- F250% of the total number of options granted on August 5, 2009 (210,240) became exercisable on January 1, 2010. The remaining options became exercisable one year later.