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VERINT SYSTEMS INC — Director's Dealing 2010
May 17, 2010
32073_dirs_2010-05-17_e24984b7-dbc1-4511-a16d-77b259677258.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VERINT SYSTEMS INC (VRNT)
CIK: 0001166388
Period of Report: 2010-05-16
Reporting Person: MINIHAN KENNETH A (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-16 | Common Stock | F | 2000 | $26.50 | Disposed | 17000 | Direct |
Footnotes
F1: The Company repurchased these shares to enable the reporting person to make required tax payments resulting from the vesting of 5,000 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 vesting date, the Company will automatically repurchase 40% of the shares vesting at the market price of the shares on such 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 resulting from such vesting.