SEC Form 4 · accession 0001209191-15-057264
XURA, INC. · MESG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew A Drapkin
Director
Period of report
Jun 25, 2015
Accepted (ET)
Jun 29, 2015 · 7:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001549872
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 25, 2015 | F | 1,617 | $21.12 | D | 3,599 | D | |
| Common StockF5 | Jun 26, 2015 | A | 6,528 | $20.68 | A | 10,127 | D | |
| Common StockF1,F2 | holding | — | — | — | 1,447,443 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents common stock ("Common Stock"), par value $0.01 per share, of Comverse, Inc. (the "Issuer") directly beneficially owned by Becker Drapkin Partners (QP), L.P. ("Becker Drapkin QP") (436,198 shares), Becker Drapkin Partners, L.P. ("Becker Drapkin, L.P.") (60,957 shares), BD Partners VII, L.P. ("BD Partners VII") (189,414 shares), and BD Partners VII SPV, L.P. ("BD Partners VII SPV") (478,136 shares), and Common Stock directly held by a managed account on behalf of an investment advisory client (the "Managed Account") of Becker Drapkin Management, L.P. ("BD Management") (282,738 shares). (continued in Footnote 2).
- F2Mr. Drapkin may be deemed to beneficially own such Common Stock as he is a co-managing member of BC Advisors, LLC, which is the general partner of BD Management (of which Mr. Drapkin is a limited partner), and BD Management is the general partner of, and investment manager for, each of Becker Drapkin QP, Becker Drapkin, L.P., BD Partners VII, and BD Partners VII SPV and the investment manager of the Managed Account. Mr. Drapkin disclaims beneficial ownership in such Common Stock except to the extent of his pecuniary interest therein.
- F3Represents shares of Common Stock purchased by the Issuer to cover tax liabilities in connection with the delivery of shares in settlement of director stock unit awards.
- F4Represents shares of Common Stock deliverable in settlement of an award of director stock units granted on June 26, 2015, with such shares to vest and be delivered on June 26, 2016.
- F5Includes 6,528 shares of Common Stock deliverable in settlement of unvested director stock unit awards.