SEC Form 4 · accession 0001171843-16-007996
VARONIS SYSTEMS INC · VRNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Mann
Officer — Chief Operating Officer
Period of report
Feb 17, 2016
Accepted (ET)
Feb 18, 2016 · 5:32 pm 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, par value $0.001 per shareF1 | Feb 17, 2016 | A | 85,000 | $0.001 | A | 85,000 | 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)F2 | $16.87 | Feb 17, 2016 | A | 85,000 | A | — | Feb 17, 2026 | Common Stock | 85,000 | 85,000 | D |
Explanation of responses
- F1Represents restricted stock units granted to the reporting person on February 17, 2016. Such restricted stock units will vest, and an equal number of shares of common stock will be deliverable to the reporting person, in four equal installments upon the last calendar day of the month of February beginning on February 28, 2017.
- F225% of the options become exercisable one year from the date of grant. 1/48th of the remaining options become exercisable monthly thereafter on a pro rata basis.