SEC Form 4 · accession 0001171843-16-008423
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 3, 2016
Accepted (ET)
Mar 7, 2016 · 8:01 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 3, 2016 | S | 25,000 | $18.73 | D | 1,252,802 | D | |
| Common Stock, par value $0.001 per share | Mar 4, 2016 | S | 10,000 | $19.07 | D | 1,242,802 | 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 tax obligations incurred in connection with the reporting person's exercise of 298,700 options on December 22, 2015.