<SEC-DOCUMENT>0001171843-17-000651.txt : 20170202
<SEC-HEADER>0001171843-17-000651.hdr.sgml : 20170202
<ACCEPTANCE-DATETIME>20170202170014
ACCESSION NUMBER:		0001171843-17-000651
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170202
DATE AS OF CHANGE:		20170202

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VARONIS SYSTEMS INC
		CENTRAL INDEX KEY:			0001361113
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				571222280
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-88082
		FILM NUMBER:		17569091

	BUSINESS ADDRESS:	
		STREET 1:		1250 BROADWAY, 31ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		877-292-8767

	MAIL ADDRESS:	
		STREET 1:		1250 BROADWAY, 31ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Korkus Ohad
		CENTRAL INDEX KEY:			0001601076

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	MAIL ADDRESS:	
		STREET 1:		C/O VARONIS SYSTEMS, INC.
		STREET 2:		1250 BROADWAY, 31ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>sc13ga_020217ohad.htm
<DESCRIPTION>SCHEDULE 13G/A
<TEXT>
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<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C.&nbsp;&nbsp;20549</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">SCHEDULE 13G</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">Under the Securities Exchange Act of 1934</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0in; margin: 0pt 0"><B>(Amendment No. 2)</B></P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>Varonis Systems, Inc.&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Name of Issuer)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Common Stock, $0.001 par value per share</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Title of Class of Securities)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0; border-bottom: Black 0.5pt solid">922280102</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(CUSIP Number)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0; border-bottom: Black 0.5pt solid">December 31, 2016</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Date of Event Which Requires Filing of this Statement)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Check the appropriate box to designate the rule pursuant to which this schedule is filed:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"> &#9744;<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule
13d-1(b)</FONT></P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&#9744;<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule
13d-1(c)</FONT></P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"> &#9746;<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule
13d-1(d)</FONT></P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">The information required on the remainder of this cover page shall not be deemed to be
&quot;filed&quot; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&quot;Act&quot;) or otherwise subject to
the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

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<TABLE BORDER="0" CELLPADDING="2" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: left; border: Black 1.1pt solid">CUSIP No.:&nbsp;&nbsp;922280102</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;&nbsp;1.</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">NAME OF REPORTING PERSON</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; width: 5%; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; width: 15%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; width: 75%; border-right: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; border-right: Black 1.1pt solid">Ohad Korkus</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;&nbsp;2.</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; border-right: Black 1.1pt solid">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;&nbsp;3.</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; border-right: Black 1.1pt solid">SEC USE ONLY</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;&nbsp;4.</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">CITIZENSHIP OR PLACE OF ORGANIZATION</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.1pt solid">Israel</TD>
    <TD STYLE="border-bottom: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;&nbsp;5.</TD>
    <TD STYLE="vertical-align: middle; border-right: Black 1.1pt solid">SOLE VOTING POWER</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">931,690</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;&nbsp;Number of</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;&nbsp;Shares</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;&nbsp;6.</TD>
    <TD STYLE="vertical-align: middle; border-right: Black 1.1pt solid">SHARED VOTING POWER</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;&nbsp;Beneficially</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1.1pt solid">0</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;&nbsp;Owned by</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;&nbsp;Each</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;&nbsp;7.</TD>
    <TD STYLE="vertical-align: middle; border-right: Black 1.1pt solid">SOLE DISPOSITIVE POWER</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;&nbsp;Reporting</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">931,690</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;&nbsp;Person With:</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;&nbsp;8.</TD>
    <TD STYLE="vertical-align: middle; border-right: Black 1.1pt solid">SHARED DISPOSITIVE POWER</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-right: Black 1.1pt solid">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: middle; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-right: Black 1.1pt solid; border-left: Black 1.1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-right: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-top: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;&nbsp;9.</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid; border-top: Black 1.1pt solid">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">931,690 shares, of which 903,108 are directly owned by the Reporting Person and 28,582 are issuable upon exercise of outstanding options within 60 days of December 31, 2016</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-bottom: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;&nbsp;10.</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-bottom: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: right; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;&nbsp;11.</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">3.5% (based on 26,821,762 shares outstanding as of December 31, 2016)</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-bottom: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid; border-bottom: Black 1.1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;&nbsp;12.</TD>
    <TD COLSPAN="3" STYLE="vertical-align: middle; text-align: left; border-right: Black 1.1pt solid">TYPE OF REPORTING PERSON</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-left: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1.1pt solid">IN</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-left: Black 1.1pt solid; border-bottom: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1.1pt solid; border-right: Black 1.1pt solid">&nbsp;</TD></TR>
</TABLE>


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<TR>
    <TD COLSPAN="4" STYLE="font-weight: bold; vertical-align: middle">Item 1.</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(a)<FONT STYLE="font-size: 10pt; font-style: normal"><B></B></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: bottom">Name of Issuer:</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">The name of the issuer is Varonis Systems, Inc. (the &quot;Issuer&quot;)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left; width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 83%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(b)<FONT STYLE="font-size: 10pt; font-style: normal"><B></B></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: bottom">Address of Issuer's Principal Executive Offices:</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">1250 Broadway, 29th Floor, New York, New York 10001</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="4" STYLE="font-weight: bold; vertical-align: middle">Item 2.</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(a)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: bottom">Name of Person Filing:&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">Ohad Korkus</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(b)<FONT STYLE="font-size: 10pt; font-style: normal"><B></B></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: bottom">Address of Principal Business Office:</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">c/o Varonis Systems, Inc.</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">1250 Broadway, 29th Floor</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">New York, NY 10001</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(c)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: bottom">Citizenship:</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">See Item 4 of the cover page.</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(d)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: bottom">Title of Class of Securities:</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">Common Stock, par value $0.001 per share (the &quot;Common Stock&quot;)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(e)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><B>CUSIP Number:</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">922280102</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Item 3.</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left">If this statement is filed pursuant to &sect;&sect;240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">(a)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">(b)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">(c)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">(d)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">(e)<FONT STYLE="font-size: 10pt; font-style: normal"><B></B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">An investment adviser in accordance with &sect;240.13d-1(b)(1)(ii)(E).&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">(f)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">An employee benefit plan or endowment fund in accordance with &sect;240.13d-1(b)(1)(ii)(F).</TD></TR>
</TABLE>

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<TR>
    <TD STYLE="vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top; width: 4%">(g)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left; width: 4%; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left; width: 83%">A parent holding company or control person in accordance with &sect;240.13d-1(b)(1)(ii)(G).</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">(h)<FONT STYLE="font-size: 10pt; font-style: normal"><B></B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">(i)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">(j)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;&#9744;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Group, in accordance with &sect;240.13d-1(b)(1)(ii)(J).</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle">Item 4.</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; text-align: left">Ownership.</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(a)&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">Amount beneficially owned: See Item 9 of the cover page.</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(b)&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">Percent of class: See Item 11 of the cover page.</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">(c)<FONT STYLE="font-size: 10pt; font-style: normal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top">(i)</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Sole power to vote or direct the vote:&nbsp;&nbsp;See Item 5 of the cover page.</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">(ii)<FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">Shared power to vote or direct the vote: See Item 6 of the cover page.</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">(iii)<FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">Sole power to dispose or direct the disposition:&nbsp;&nbsp;See Item 7 of the cover page.</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">(iv)<FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">Shared power to dispose or direct the disposition:&nbsp;&nbsp;See Item 8 of the cover page.</TD></TR>
</TABLE>


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<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 9%; text-align: left; vertical-align: top">Item 5.</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 91%">Ownership of Five Percent or Less of a Class.</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following <FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal">&#9746;.</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">Item 6.</TD>
    <TD STYLE="font-weight: bold; text-align: left">Ownership of More than Five Percent on Behalf of Another Person.</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">Not applicable</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">Item 7.</TD>
    <TD STYLE="font-weight: bold; text-align: left">Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">Not applicable</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">Item 8.</TD>
    <TD STYLE="font-weight: bold; text-align: left">Identification and Classification of Members of the Group.</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">Not applicable</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">Item 9.</TD>
    <TD STYLE="font-weight: bold; text-align: left">Notice of Dissolution of a Group.</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">Not applicable</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; vertical-align: top">Item 10.</TD>
    <TD STYLE="font-weight: bold; text-align: left">Certification.</TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">Not applicable</TD></TR>
</TABLE>


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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>SIGNATURE</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and correct.</P>

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<TR>
    <TD STYLE="vertical-align: middle; width: 50%">Dated:&nbsp;&nbsp;February 2, 2017</TD>
    <TD STYLE="vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 27%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 20%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">OHAD KORKUS</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">By:</TD>
    <TD STYLE="vertical-align: middle; border-bottom: Black 1.1pt solid">/s/ Ohad Korkus</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
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