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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1312073	Verifone Systems Inc.	PAY	Calculating & Accounting Machines (No Electronic Computers) (3578)	043692546

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1587958	Paul Galant	C/O Verifone Systems, Inc. 2099 Gateway Place, Suite 600 San Jose CA 95110	Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Restricted Stock Award	Acquisiton	2013-10-01	300,000	$0.00	300,000	No	4	A	Direct
Common Stock, Par Value $0.01 Per Share	Disposition	2013-10-03	65,185	$23.36	234,815	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01 Per Share	Stock Option (right to buy)	Acquisiton	2013-10-01	500,000	$23.00	500,000	$23.00
Common Stock, Par Value $0.01 Per Share	Restricted Stock Units	Acquisiton	2013-10-01	200,000	$0.00	200,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
500,000		2020-09-30	No	4	A	Direct
200,000			No	4	A	Direct

Footnotes

Restricted stock award issued pursuant to the issuer's Amended and Restated 2006 Equity Incentive Plan (the "Plan"). Subject to the award agreement and the Plan, 50% of the restricted stock award vested on the grant date and the remaining 50% of the restricted stock award will vest on the first anniversary of the grant date.
This transaction was a broker-assisted sale of shares to cover the payment of withholding tax liability incurred upon the vesting of the restricted stock award referred to in Footnote 1.
Shares sold between $23.33 and $23.45 per share at a weighted average price of $23.36. The reporting person will provide to the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares sold at each separate price.
25% of these stock options will vest on the first anniversary of the grant date. Thereafter, 6.25% of these stock options will vest at the end of each subsequent three month period until these stock options have fully vested.
The grant is subject to achievement of certain performance criteria prior to October 1, 2016 and will vest based on achievement of such criteria. The number of derivative securities reported is the targeted amount to be achieved. Depending on the actual level of achievement, the reporting person may receive between 0% and 200% of such targeted amount.