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Filing Details

Accession Number:: 0001140361-12-051853
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-12-19 14:35:18
Reporting Period:: 2011-12-09

Filing Date:: 2012-12-19
Accepted Time:: 2012-12-19 14:35:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
803014	Comverse Technology Inc	CMVT	Telephone & Telegraph Apparatus (3661)	133238402

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1216573	K Augustus Oliver	C/O Oliver Press Partners, Llc 152 West 57Th Street New York NY 10019		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-12-09	3,328	$0.00	1,696,635	No	4	J	Indirect	By Partnership
Common Stock	Disposition	2012-12-18	362,985	$0.00	1,333,650	No	4	J	Indirect	By Partnership
Common Stock	Acquisiton	2012-12-18	362,985	$0.00	1,696,635	No	4	J	Indirect	By Partnership
Common Stock	Disposition	2012-12-18	1,495,009	$0.00	201,626	No	4	J	Indirect	By Partnership
Common Stock	Disposition	2012-12-18	151,626	$3.66	50,000	No	4	S	Indirect	By Partnership
Common Stock	Disposition	2012-12-19	50,000	$3.66	0	No	4	S	Indirect	By Partnership

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	By Partnership
No	4	J	Indirect	By Partnership
No	4	J	Indirect	By Partnership
No	4	J	Indirect	By Partnership
No	4	S	Indirect	By Partnership
No	4	S	Indirect	By Partnership

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	79,736	Direct

Footnotes

JE and Master Fund (each as defined in Footnote 3 below) received an aggregate of 3,328 shares of the common stock of Comverse Technology, Inc. (the "Company") as the funds' share of the settlement of shareholder litigation against the Company.
Not applicable.
The Reporting Person is a director of the Company. The Reporting Person is the (i) Managing Member of Oliver Press Investors, LLC, a Delaware limited liability company and the general partner of each of Davenport Partners, L.P., a Delaware limited partnership ("Davenport"), JE Partners, a Bermuda partnership ("JE") and Oliver Press Master Fund LP, a Cayman limited partnership ("Master Fund" and, together with Davenport and JE, the "Partnerships"), and (ii) Managing Member of Oliver Press Partners, LLC, a Delaware limited liability company and the investment adviser to each of the Partnerships. The Partnerships own certain securities of the Company, all of which are subject to the shared voting and investment authority of the Reporting Person, among others. The Reporting Person's interest in the securities of the Company owned by the Partnerships is limited to the extent of his pecuniary interest in the Partnerships, if any.
Distribution (without consideration) in-kind from Master Fund to Davenport. The aggregate number of shares of Company common stock held by the Partnerships did not change as a result of the distribution.
Distribution (without consideration) in-kind from the Partnerships to certain of their respective limited partners.
The number of securities reported represents an aggregate number of shares sold by Davenport in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Company, or a stockholder of the Company, upon request, the number of shares sold at each separate price within the range.
Sales prices in the range from $3.60 to $3.67 per share, inclusive.
Sales prices in the range from $3.65 to $3.67 per share, inclusive.
Includes 34,938 shares of Company common stock deliverable in settlement of unvested awards of deferred stock units, as adjusted by the Company for its spin-off of Comverse, Inc. Upon ultimate realization of cash proceeds with respect to the awards, such cash proceeds may be applied as a credit against management fees payable by the Partnerships. The Reporting Person's interest in the securities reported on Table I herein is limited to the extent of his pecuniary interest in such securities, if any.