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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1103184	Ulticom Inc	ULCM	Telephone & Telegraph Apparatus (3661)	222050748

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
803014	Comverse Technology Inc/Ny/	810 Seventh Avenue New York NY 10019		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-12-03	7,386,669	$2.33	0	No	4	S	Direct

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

Footnotes

The shares were sold by Comverse Technology, Inc. ("Comverse") to Utah Intermediate Holding Corporation ("Parent"), an affiliate of Platinum Equity Advisors, LLC, on December 3, 2010 (the "Closing Date") pursuant to the terms and conditions of the Share Purchase Agreement, dated as of October 12, 2010, among Comverse, Parent and Utah Merger Corporation ("Merger Sub"), for aggregate consideration of up to $17,210,939, which is equivalent to up to $2.33 per share, $0.35 per share of which is deferred and at risk based on the future financial performance of Ulticom, Inc. ("Ulticom"). The consideration paid to Comverse consisted of (i) $13,210,939 in cash and (ii) two non-interest bearing promissory notes in the aggregate principal amount of $4.0 million issued by Merger Sub to Comverse.
(Continuation of Footnote 1) - The first promissory note, in the amount of $1.4 million, is payable to Comverse 14 months after the Closing Date, and the second promissory note, in the amount of $2.6 million, is payable to Comverse following the determination of Ulticom's revenue for the 24-month period beginning on January 1, 2011 and is subject to reduction by 40% of the difference between $75 million and the revenue generated by Ulticom during such period. The sale occurred immediately prior to the consummation of the merger of Ulticom with Merger Sub pursuant to the terms and conditions of the Agreement and Plan of Merger, dated as of October 12, 2010, among Ulticom, Parent and Merger Sub.