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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 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 (Month/Day/Year) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Non-Qualified Stock Option (right to buy) | $ 7.46 | 05/01/2009 | A | 150,000 | (1) | 05/01/2016 | Common Stock, par value $0.01 per share | 150,000 | $ 0 | 150,000 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 7.46 | 05/01/2009 | A | 150,000 | (2) | 05/01/2016 | Common Stock, par value $0.01 per share | 150,000 | $ 0 | 150,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Bergeron Douglas C/O VERIFONE HOLDINGS, INC. 2099 GATEWAY PLACE, SUITE 600 SAN JOSE, CA 95110 |
X | CEO |
Carolyn Belamide for Doug Bergeron | 05/01/2009 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Options have a four year vesting term. Options become exercisable as of 25% on 5/1/10 and 1/16th at the end of each three month period thereafter. |
(2) | Option will be earned on the next business day after Company files its fiscal 2009 Annual Report on Form 10-K, provided Company has reported non-GAAP earnings per share equal to or exceeding the 2009 financial target specified by its board of directors. In the event that Company does not meet the 2009 financial target, 50% of the option grant will be earned if Company reports non-GAAP earnings per share of $0.05 less than the 2009 financial target and the number of options earned will increase by 15,000 for each $0.01 increase in reported non-GAAP earnings per share up to the 2009 financial target. If earned, the option grant will vest, subject to continued employment, on October 31, 2010. Options not earned will be forfeited. |