SEC Form 4 · accession 0001171843-17-007133
VARONIS SYSTEMS INC · VRNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gili Iohan
Director
Period of report
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 9:00 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 | Nov 15, 2017 | M | 5,047 | $1.576 | A | 57,446 | D | |
| Common Stock, par value $0.001 per shareF1 | Nov 15, 2017 | S | 5,047 | $48.553 | D | 52,399 | D | |
| Common Stock, par value $0.001 per share | Nov 16, 2017 | M | 5,385 | $1.576 | A | 57,784 | D | |
| Common Stock, par value $0.001 per share | Nov 16, 2017 | M | 5,000 | $1.576 | A | 62,784 | D | |
| Common Stock, par value $0.001 per share | Nov 16, 2017 | M | 8,000 | $6.80 | A | 70,784 | D | |
| Common Stock, par value $0.001 per share | Nov 16, 2017 | M | 11,250 | $12.47 | A | 82,034 | D | |
| Common Stock, par value $0.001 per share | Nov 16, 2017 | M | 2,687 | $39.86 | A | 84,721 | D | |
| Common Stock, par value $0.001 per share | Nov 16, 2017 | M | 9,000 | $22.01 | A | 93,721 | D | |
| Common Stock, par value $0.001 per share | Nov 16, 2017 | M | 6,200 | $29.88 | A | 99,921 | D | |
| Common Stock, par value $0.001 per shareF2 | Nov 16, 2017 | S | 47,522 | $50.0744 | D | 52,399 | 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) | $1.576 | Nov 15, 2017 | M | 5,047 | D | Jan 14, 2011 | Jan 14, 2020 | Common Stock | 5,047 | 5,385 | D |
| Stock Option (right to buy) | $1.576 | Nov 16, 2017 | M | 5,385 | D | Jan 14, 2011 | Jan 14, 2020 | Common Stock | 5,385 | 0 | D |
| Stock Option (right to buy) | $1.576 | Nov 16, 2017 | M | 5,000 | D | Nov 7, 2011 | Nov 7, 2020 | Common Stock | 5,000 | 0 | D |
| Stock Option (right to buy) | $6.80 | Nov 16, 2017 | M | 8,000 | D | May 10, 2013 | May 10, 2022 | Common Stock | 8,000 | 0 | D |
| Stock Option (right to buy) | $12.47 | Nov 16, 2017 | M | 11,250 | D | Apr 17, 2014 | Apr 17, 2023 | Common Stock | 11,250 | 750 | D |
| Stock Option (right to buy) | $39.86 | Nov 16, 2017 | M | 2,687 | D | Mar 21, 2015 | Mar 21, 2024 | Common Stock | 2,687 | 313 | D |
| Stock Option (right to buy) | $22.01 | Nov 16, 2017 | M | 9,000 | D | May 12, 2015 | May 12, 2024 | Common Stock | 9,000 | 9,087 | D |
| Stock Option (right to buy) | $29.88 | Nov 16, 2017 | M | 6,200 | D | Feb 20, 2016 | Feb 20, 2025 | Common Stock | 6,200 | 6,800 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.50 to $48.70, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the above range.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.55 to $51.30, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the above range.