Comverse, Inc. 4
4 · Comverse, Inc. · Filed Dec 9, 2014
Insider Transaction Report
Form 4
Comverse, Inc.CNSI
Nayak Narasimha
SVP, Systems and Solutions
Transactions
- Tax Payment
Common Stock
2014-12-05$19.01/sh−517$9,828→ 26,403 total - Tax Payment
Common Stock
2014-12-08$18.52/sh−1,259$23,317→ 25,144 total
Footnotes (4)
- [F1]Shares of Comverse common stock purchased by Comverse to cover tax liabilities in connection with the delivery of shares in settlement of one-third (1/3) of a restricted stock unit award issued on December 5, 2012.
- [F2]Includes 18,969 shares of Comverse common stock deliverable in settlement of unvested restricted stock unit awards.
- [F3]Reporting Person left the employ of Comverse on December 8, 2014 (the "Separation Date"). Shares of Comverse common stock purchased by Comverse to cover tax liabilities in connection with the delivery of shares in settlement of accelerated vesting of restricted stock unit awards issued on December 5, 2012, June 21, 2013, and June 25, 2014, in accordance with the terms of employment letter dated October 3, 2012, between the Reporting Person and Comverse (the "Employment Agreement") and the applicable restricted stock unit award agreements.
- [F4]Includes 15,082 shares of Comverse common stock deliverable in settlement of unvested restricted stock unit awards, which will be forfeited by Reporting Person after the Separation Date in accordance with the terms of the Employment Agreement and the applicable restricted stock unit award agreements.