OVADY OZ 4
4 · COMVERSE TECHNOLOGY INC/NY/ · Filed Mar 7, 2011
Insider Transaction Report
Form 4
COMVERSE TECHNOLOGY INC/NY/CMVT.PK
OVADY OZ
SVP, VAS Gen. Mgr.
Transactions
- Award
Common Stock
2011-03-03+40,000→ 70,000 total
Footnotes (3)
- [F1]Represents shares of Comverse Common Stock deliverable in settlement of a deferred stock unit award granted on 3/3/2011, with 40% of such shares to vest and be delivered on the first anniversary of the date of grant and 30% of such shares to vest and be delivered on the second and third anniversaries of the date of grant, subject to accelerated vesting under certain circumstances.
- [F2]Not applicable.
- [F3]Includes 66,000 shares of Comverse Common Stock deliverable in settlement of unvested deferred stock unit awards and 4,000 shares of Comverse Common Stock deliverable in settlement of vested deferred stock unit awards that are subject to deferred delivery.