4//SEC Filing
VERINT SYSTEMS INC 4
Accession 0001179110-07-016921
$VRNTCIK 0001166388operating
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 6:38 PM ET
Size
5.7 KB
Accession
0001179110-07-016921
Insider Transaction Report
Form 4
LEDWELL DAVID
Director
Transactions
- Disposition to Issuer
Common Stock
2007-08-16$27.50/sh−500$13,750→ 12,500 total
Footnotes (1)
- [F1]The Company repurchased these shares to enable the reporting person to make required tax payments resulting from the vesting of 1,250 shares of restricted stock previously granted under the Company's Stock Incentive Compensation Plan. Until such time as the Company becomes compliant with its reporting obligations under the Securities Exchange Act of 1934, as amended, on the applicable vesting date of awards granted to the reporting person on July 2, 2007, the Company will automatically repurchase 40% of the shares vesting at the market price of the shares on such date (or the most recent trading date) pursuant to a repurchase program established by the Company's Board of Directors, in order to provide the reporting person with cash to make required tax payments arising from such vesting.
Documents
Issuer
VERINT SYSTEMS INC
CIK 0001166388
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001166388
Filing Metadata
- Form type
- 4
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 6:38 PM ET
- Size
- 5.7 KB