SEC Form 4 · accession 0001171843-16-008358
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
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 8:04 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 share | Mar 1, 2016 | S | 15,000 | $18.57 | D | 1,292,802 | D | |
| Common Stock, par value $0.001 per share | Mar 2, 2016 | S | 15,000 | $18.96 | D | 1,277,802 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares sold by the reporting person in the open market in a "sell to cover" transaction to pay the tax obligations incurred in connection with the reporting person's exercise of 298,700 options on December 22, 2015.