0001171843-21-001019.txt : 20210212 0001171843-21-001019.hdr.sgml : 20210212 20210212210140 ACCESSION NUMBER: 0001171843-21-001019 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210204 FILED AS OF DATE: 20210212 DATE AS OF CHANGE: 20210212 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Faitelson Yakov CENTRAL INDEX KEY: 0001601074 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36324 FILM NUMBER: 21631481 MAIL ADDRESS: STREET 1: C/O VARONIS SYSTEMS, INC. STREET 2: 1250 BROADWAY, 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: VARONIS SYSTEMS INC CENTRAL INDEX KEY: 0001361113 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 571222280 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1250 BROADWAY, 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 877-292-8767 MAIL ADDRESS: STREET 1: 1250 BROADWAY, 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 4 1 ownership.xml X0306 4 2021-02-04 0 0001361113 VARONIS SYSTEMS INC VRNS 0001601074 Faitelson Yakov C/O VARONIS SYSTEMS, INC. 1250 BROADWAY, 29TH FLOOR NEW YORK NY 10001 1 1 0 0 CEO, President, Chairman Common Stock, par value $0.001 per share 2021-02-04 4 A 0 25434 0 A 187650 D Common Stock, par value $0.001 per share 2021-02-04 4 A 0 56648 0 A 244298 D Common Stock, par value $0.001 per share 2021-02-11 4 A 0 22497 0 A 266795 D Represents shares earned by the reporting person for no consideration under certain performance-vesting restricted stock units (the "2019 PSUs"), which were granted to the reporting person pursuant to the Issuer's 2013 Omnibus Equity Incentive Plan on February 14, 2019, as amended on June 25, 2019. The 2019 PSUs were earned subject to the satisfaction of certain target subscription revenue percentages for the 2020 fiscal year, the performance of which was certified by the Issuer's compensation committee on February 4, 2021. The 2019 PSUs shall vest on February 28, 2021, subject to continued employment through such date. Upon vesting and after all applicable tax withholding, the shares earned in respect of the 2019 PSUs will be placed in a trust account or otherwise retained by the Issuer and paid to the reporting person only on February 28, 2022, subject to continued employment through such date. The 2019 PSUs were granted as part of a three-tranche grant also containing performance-vesting restricted stock units with performance period for 2021 fiscal year, which may be earned and may vest based on the achievement of applicable performance targets for that period, subject to the same vesting and settlement terms. Represents shares earned by the reporting person for no consideration under certain performance-vesting restricted stock units (the "2020 PSUs"), which were granted to the reporting person pursuant to the Issuer's 2013 Omnibus Equity Incentive Plan on February 6, 2020. The 2020 PSUs were earned subject to the satisfaction of certain Annual Recurring Revenues goals for the 2020 fiscal year, the performance of which was certified by the Issuer's compensation committee on February 4, 2021. The 2020 PSUs shall vest on February 28, 2023, subject to continued employment through such date. Represents restricted stock units granted to the reporting person on February 11, 2021. Such restricted stock units will vest, and an equal number of shares of common stock will be deliverable to the reporting person, in four equal (annual) installments upon the last calendar day of the month of February beginning on February 28, 2022. /s/ Yakov Faitelson 2021-02-12