Sec Form 4 Filing - Robinson Douglas @ VERINT SYSTEMS INC - 2021-02-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Robinson Douglas
2. Issuer Name and Ticker or Trading Symbol
VERINT SYSTEMS INC [ VRNT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
175 BROADHOLLOW ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/01/2021
(Street)
MELVILLE, NY11747
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/01/2021 A 3,750 ( 1 ) A $ 0 200,065 D
Common Stock 02/01/2021 A 2,500 ( 2 ) A $ 0 202,565 ( 3 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Robinson Douglas
175 BROADHOLLOW ROAD
MELVILLE, NY11747
Chief Financial Officer
Signatures
/s/ Peter D. Fante as Attorney in Fact for Douglas Robinson 02/02/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Vesting of 3750 performance-based restricted stock units upon completion of the Company's separation into two independent publicly traded companies, incremental to the 3,750 restricted stock units previously disclosed on August 26, 2020 on Form 4. Each restricted stock unit represents the right to receive one share of the registrant's common stock on the day the shares are delivered.
( 2 )Grant of time-based restricted stock units vesting on November 1, 2021 which were previously subject to a performance condition that was satisfied upon the completion of the Company's separation into two independent publicly traded companies. Each restricted stock unit represents the right to receive one share of the registrant's common stock on the day the shares are delivered.
( 3 )The number of unvested awards held by the reporting person, including the number of shares being reported on this form that are vesting in connection with the closing of the Company's separation transaction, is subject to adjustment pursuant to the terms of the Employee Matters Agreement entered into in connection with the Company's separation transaction and will be updated on a future Form 4 after such adjustment has been finalized.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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