VERINT SYSTEMS INC — Director's Dealing 2021

Apr 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VERINT SYSTEMS INC (VRNT)
CIK: 0001166388
Period of Report: 2021-04-09

Reporting Person: FANTE PETER (Chief Administrative Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-09	Common Stock	S	2779	$45.91	Disposed	64502	Direct
2021-04-09	Common Stock	A	8074	—	Acquired	72576	Direct
2021-04-12	Common Stock	S	7617	$45.94	Disposed	64959	Direct

Footnotes

F1: Amount sold to satisfy applicable tax withholding resulting from the vesting of previously reported restricted stock units vested on April 8, 2021.

F2: Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $45.54 per share to $46.63 per share.

F3: The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares purchased or sold at each separate price.

F4: Represents the earned portion of the last 1/3 of a previously-granted PSU award for which the time and performance conditions for vesting were satisfied on April 9, 2021 based on the Company's level of achievement of specified performance goals for the period from February 1, 2018 through January 31, 2021 and the filing of the Company's Annual Report on Form 10-K for FYE 2021. Because this award was unvested at the time of the spin-off of Cognyte Software Ltd. by the Issuer on February 1, 2021, the number of shares underlying the award has been adjusted per the terms of the Employee Matters Agreement entered into in connection with the Company's separation transaction.

F5: Amount sold to satisfy applicable tax withholding resulting from the vesting of restricted stock units on April 9, 2021, including those reported on row 2 of Table 1 of this Form 4.

F6: Represents the weighted average price for the sales of the shares. The shares were sold at prices ranging from $45.27 per share to $46.31 per share.