Sec Form 4 Filing - Wu Jacky @ Comverse, Inc. - 2015-06-26

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
Wu Jacky
2. Issuer Name and Ticker or Trading Symbol
Comverse, Inc. [ CNSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, CFO
(Last) (First) (Middle)
C/O COMVERSE, INC., 200 QUANNAPOWITT PARKWAY
3. Date of Earliest Transaction (MM/DD/YY)
06/26/2015
(Street)
WAKEFIELD, MA01880
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 06/26/2015 A( 1 ) 12,475 A 13,965 ( 3 ) D
Common Stock 06/26/2015 A( 4 ) 8,689 A 22,654 ( 5 ) 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
Stock option (right to buy) $ 20.68 06/26/2015 A 33,975 ( 6 ) 06/26/2025 Common Stock 33,975 ( 2 ) 33,975 D
Stock option (right to buy) $ 20.68 06/26/2015 A 23,679 ( 7 ) 06/26/2025 Common Stock 23,679 ( 2 ) 23,679 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wu Jacky
C/O COMVERSE, INC.
200 QUANNAPOWITT PARKWAY
WAKEFIELD, MA01880
SVP, CFO
Signatures
/s/ Roy Luria as Attorney-in-Fact for Jacky Wu 06/29/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares of Comverse common stock deliverable in settlement of an award of restricted stock units with 4,159 of such shares to vest and be delivered on June 26, 2016 and 4,158 of such shares to vest and be delivered on each of June 26, 2017 and 2018.
( 2 )Not applicable.
( 3 )Includes 12,475 shares of Comverse common stock deliverable in settlement of unvested restricted stock unit awards.
( 4 )Represents shares of Comverse common stock deliverable in settlement of an award of restricted stock units with 2,897 of such shares to vest and be delivered on June 26, 2016 and 2,896 of such shares to vest and be delivered on each of June 26, 2017 and 2018.
( 5 )Includes 21,164 shares of Comverse common stock deliverable in settlement of unvested restricted stock unit awards.
( 6 )The stock option vests in three equal installments on each of June 26, 2016, 2017 and 2018.
( 7 )The stock option vests in three equal installments on each of June 26, 2016, 2017 and 2018.

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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