while we're on the topic of bean(town)counting ...
via the july 28 proxy.
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MANAGEMENT AND PRINCIPAL SHAREHOLDERS
The following table identifies and sets forth certain information
concerning the beneficial ownership of Common Stock at July 19, 1999 by the
executive officers of the Company, by each incumbent director of the Company
standing for reelection at the Annual Meeting and by each person known by the
Company to beneficially own more than five percent of the issued and outstanding
Common Stock.
NUMBER OF PERCENT
SHARES OF TOTAL
BENEFICIALLY OUTSTANDING
NAME RELATIONSHIP WITH THE COMPANY OWNED(1) SHARES(2)
------ ----------------------------- -------- ---------
Putnam Investments, Inc.
One Post Office Square
Boston, MA 02109 Shareholder 8,163,987(3) 11.6%
AIM Management Group, Inc.
1315 Peachtree Street, N.E.
Atlanta, GA 30309 Shareholder 7,057,906(3) 10.0%
Brinson Partners, Inc.
209 South LaSalle
Chicago, IL 60604 Shareholder 3,841,332(3) 5.4%
Kobi Alexander(a)(b) President, Chairman of the Board,
Chief Executive Officer and Director 1,500,469 2.1%
Carmel Vernia Chief Executive Officer - Comverse
Infosys Division and Director 291,875 *
Francis E. Girard Chief Executive Officer - Comverse
Network Systems Division and Director 238,445 *
Itsik Danziger President and Chief Operating Officer -
Comverse Network Systems Division
and Director 62,553 *
David Kreinberg Vice President of Finance and
Chief Financial Officer 15,577 *
Zvi Alexander Director 21,250 *
John H. Friedman(b)(c)(d) Director 13,000 *
Sam Oolie(a)(b)(c)(d) Director 6,000 *
William F. Sorin(a)(d) Secretary and Director 3,750 *
Shaula A. Yemini, Ph.D.(c) Director 19,350 *
All directors and executive
officers as a group (10 persons) 2,172,269 3.0%
-----------------
* Less than 1%.
(a) Member of Executive Committee of the Board of Directors.
(b) Member of Audit Committee of the Board of Directors.
(c) Member of Remuneration and Stock Option Committee of the Board of
Directors.
(d) Member of Corporate Planning and Structure Committee of the Board of
Directors.
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(1) Includes outstanding shares and shares issuable upon the exercise of
stock options that are exercisable at or within 60 days after July 19,
1999. Does not include shares issuable upon the exercise of stock
options that are not exercisable until more than 60 days after July 19,
1999. The shares subject to stock options held by the individuals
identified above as of July 19, 1999 consist of the following:
Number of Shares of Common Stock Subject to Options
Exercisable at or Within Not Exercisable Until More
60 days after Than 60 Days After
July 19, 1999 July 19, 1999
----------------------
Kobi Alexander 1,147,498 1,087,500
Carmel Vernia 291,875 202,500
Francis E. Girard 156,563 305,248
Itsik Danziger 62,250 255,000
David Kreinberg 10,416 64,791
Zvi Alexander 13,000 9,000
John H. Friedman 13,000 9,000
Sam Oolie 6,000 9,000
William F. Sorin 3,750 86,251
Shaula A. Yemini, Ph.D. 14,100 9,000
All directors and executive
officers as a group 1,718,452 2,037,290
(2) Based on 70,647,317 shares of Common Stock issued and outstanding on
July 19, 1999, excluding, except as otherwise noted, shares of Common
Stock issuable upon the exercise of outstanding stock options.
(3) Based on Schedule 13G filings with the Securities and Exchange
Commission reflecting data as of December 1998. |
