Sec Form 4 Filing - PARCELL DAVID @ VERINT SYSTEMS INC - 2012-04-05

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
PARCELL DAVID
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)
Managing Director, EMEA
(Last) (First) (Middle)
241 BROOKLANDS ROAD
3. Date of Earliest Transaction (MM/DD/YY)
04/05/2012
(Street)
WEYBRIDGE, SURREY XO, X0KT13 ORH
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 04/05/2012 S 7,956 D $ 30.66 ( 1 ) ( 2 ) 31,509 ( 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
PARCELL DAVID
241 BROOKLANDS ROAD
WEYBRIDGE, SURREY XO, X0KT13 ORH
Managing Director, EMEA
Signatures
/s/ Peter D. Fante as Attorney in Fact for David Parcell 04/09/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $30.54 per share to $30.77 per share.
( 2 )The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, fullinformation regarding the number of shares purchased or sold at each separate price.
( 3 )The opening balance of 39,465 used on this Form 4 includes 11,264 shares in respect of (i) a clerical error in calculating the total beneficial ownership on the Form 4 filed on April 6, 2011 which should have included an additional 4,580 shares and (ii) the omission of 6,684 restricted stock units (corresponding to 1/3 of the applicable May 28, 2008 award) from the reporting person's July 8, 2010 Form 4 for which the compliance conditions were met on July 6, 2010.

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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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