SEC Form 4 · accession 0001209191-15-017776
VARONIS SYSTEMS INC · VRNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James O'Boyle
Officer — SVP of Worldwide Sales
Period of report
Feb 20, 2015
Accepted (ET)
Feb 24, 2015 · 4:30 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, $0.001 par valueF1 | Feb 20, 2015 | A | 8,000 | $0.001 | A | 186,276 | D | |
| Common Stock, $0.001 par value | Feb 23, 2015 | M | 1,250 | $1.576 | A | 187,526 | D | |
| Common Stock, $0.001 par value | Feb 23, 2015 | M | 5,500 | $12.47 | A | 193,026 | 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 | $29.88 | Feb 20, 2015 | A | 8,000 | A | — | Feb 20, 2025 | Common Stock | 8,000 | 8,000 | D |
| Stock Option (right to buy)F3 | $1.576 | Feb 23, 2015 | M | 1,250 | D | Jan 14, 2011 | Jan 14, 2020 | Common Stock | 1,250 | 0 | D |
| Stock Option (right to buy)F3 | $12.47 | Feb 23, 2015 | M | 5,500 | D | Apr 17, 2014 | Apr 17, 2023 | Common Stock | 5,500 | 6,500 | D |
Explanation of responses
- F1Represents restricted stock units granted to the reporting person on February 20, 2015. 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 annual installments upon the last calendar day of the month of February beginning on February 29, 2016.
- 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.
- F325% of the options became exercisable one year from the date of grant. 1/48th of the remaining options became exercisable monthly thereafter on a pro rata basis.