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