VERINT SYSTEMS INC 4
4 · VERINT SYSTEMS INC · Filed Jul 5, 2007
Insider Transaction Report
Form 4
LEDWELL DAVID
Director
Transactions
- Award
Common Stock
2007-07-02+5,000→ 13,000 total
Footnotes (1)
- [F1]These are shares of restricted stock which vest 25% on August 16, 2007, 25% on November 16, 2007, 25% on February 16, 2008, and 25% on May 16, 2008. Until such time as the Company becomes compliant with its reporting obligations under the Securities Exchange Act of 1934, as amended, on each vesting date, the Company will automatically repurchase 40% of the shares vesting at the market price of the shares on such date pursuant to a repurchase program established by the Company's Board of Directors (the "Repurchase Program"), in order to provide the reporting person with cash to make required tax payments resulting from such vesting.