Yakov Faitelson - 03 Feb 2022 Form 4/A - Amendment Insider Report for VARONIS SYSTEMS INC (VRNS)

Role
CEO, President and Chairman, Director
Signature
/s/ Dov Gottlieb, as attorney-in-fact
Issuer symbol
VRNS
Transactions as of
03 Feb 2022
Transactions value $
$0
Form type
4/A - Amendment
Filing time
11 Mar 2022, 18:39:31 UTC
Date Of Original Report
07 Feb 2022
Previous filing
17 Nov 2021
Next filing
14 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNS Common Stock, par value $0.001 per share Award $0 +189K +29.11% $0.00 836K 03 Feb 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned by the reporting person for no consideration under certain performance-vesting restricted stock units (the "2021 PSUs"), which were granted to the reporting person pursuant to the 2013 Plan. The 2021 PSUs were earned subject to the satisfaction of certain annual recurring revenues goals for the 2021 fiscal year, the performance of which was certified by the Issuer's compensation committee on February 3, 2022. The PSUs shall vest on February 29, 2024, subject to continued employment through such date.

Remarks:

The original Form 4, filed on February 7, 2022, is being amended to correct the number of shares underlying each of the 2021 PSUs earned by the reporting person on February 3, 2022, which was incorrectly reported due to clerical error. No changes have been made to the 2021 PSUs or the calculation of their payout. This amendment also reflects the correct number of shares beneficially owned immediately following the reported transactions on February 7, 2022. The number of shares underlying the 2019 PSUs reported in the original Form 4 remains correct.