FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/27/2014 |
3. Issuer Name and Ticker or Trading Symbol
VARONIS SYSTEMS INC [ VRNS ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common stock, par value $0.001 per share | 33,000 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | 10/01/2010(1) | 01/15/2019(2) | Common Stock | 37,000 | $1.256 | D | |
Stock Option (right to buy) | 01/14/2011(3) | 01/14/2020 | Common Stock | 20,000 | $1.576 | D | |
Stock Option (right to buy) | 10/07/2011(4) | 10/07/2020 | Common Stock | 30,000 | $1.576 | D | |
Stock Option (right to buy) | 11/07/2011(4) | 11/07/2020 | Common Stock | 25,000 | $1.576 | D | |
Stock Option (right to buy) | 05/10/2013(4) | 05/10/2022 | Common Stock | 8,000 | $6.8 | D | |
Stock Option (right to buy) | 04/07/2014(4) | 04/07/2023 | Common Stock | 12,000 | $12.47 | D |
Explanation of Responses: |
1. 15,000 of the options become exercisable on October 1, 2010. 1/16th of the remaining options became and continue to become exercisable quarterly thereafter on a pro rata basis. |
2. The expiration date for 7,000 shares is January 15, 2019 and for the remaining 30,000 shares, July 8, 2019. |
3. 5,000 of the options became exercisable on January 14, 2011. 1/16th of the remaining options became and continue to become exercisable quarterly thereafter on a pro rata basis. |
4. 25% of the options become exercisable one year from the date of grant, April 17, 2013. The remaining options become exercisable quarterly from the date of grant pro rata during a four-year period. |
Remarks: |
/s/ Gili Iohan | 02/27/2014 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |