Home Account Research Tools & Data Educate Contribute News ETFs Sectors About

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL

Washington, D.C. 20549 OMB Number: 3235-0287
February 28,
Check this box if no longer subject Expires:
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 2011
to Section 16. Form 4 or Form 5
   Estimated average burden
obligations may continue. See
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding hours per
Instruction 1(b). 0.5
Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 response

1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer
Gillstrom Urban COMVERSE TECHNOLOGY INC/NY/ [CMVT] (Check all applicable)
Director 10% Owner

(Last) (First) (Middle) Officer (give title Other (specify

X
3. Date of Earliest Transaction (Month/Day/Year) below) below)
C/O COMVERSE KENAN UK, ADELPHI HOUSE, 1-11 JOHN
11/12/2008 Pres. Global Sales/Subsidiary
ADAM STREET

(Street) 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line)
LONDON X0 WC2N 6HT X Form filed by One Reporting Person
Form filed by More than One Reporting Person
(City) (State) (Zip)
 Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security 2. Transaction 2A. Deemed 3. 4. Securities 5. Amount of Securities Beneficially 6. 7. Nature
(Instr. 3) Date Execution Date, Transaction Acquired (A) or Owned Following Reported Ownership of Indirect
(Month/Day/Year) if any Code Disposed of (D) Transaction(s) Form: Beneficial
(Month/Day/Year) (Instr. 8) (Instr. 3, 4 and 5) (Instr. 3 and 4) Direct (D) Ownership
or Indirect (Instr. 4)
(A)
(I)
or
(Instr. 4)
Code V Amount (D) Price

Common Stock 11/12/2008   A   40,000 (1) A (2) 40,000 D  

Common Stock 11/12/2008   A   40,000 (1) A (2) 80,000 D  

 Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative 2. 3. Transaction 3A. Deemed 4. 5. Number 6. Date Exercisable 7. Title and Amount 8. Price 9. Number 10. 11. Nature
Security Conversion Date Execution Date, Transaction of and Expiration Date of Underlying of of Ownership of Indirect
(Instr. 3) or Exercise (Month/Day/Year) if any Code Derivative (Month/Day/Year) Securities Derivative Derivative Form of Beneficial
Price of (Month/Day/Year) (Instr. 8) Securities (Instr. 3 and 4) Security Securities Derivative Ownership
Derivative Acquired (Instr. 5) Beneficially Security: (Instr. 4)
Security (A) or Owned Direct (D)
Disposed Following or Indirect
of (D) Reported (I)
(Instr. 3, 4, Transaction (Instr. 4)
and 5) (s)
(Instr. 4)
Amount or
Date Expiration Number of
Code V (A) (D) Exercisable Date Title Shares

Explanation of Responses:
1. Represents shares of Comverse Common Stock deliverable in settlement of an award of deferred stock units granted on November 12, 2008, with one-third of such shares to vest and be delivered on each of November 1, 2009,
November 1, 2010 and November 1, 2011.
2. Not applicable.
/s/ Urban Gillstrom 11/12/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

   Add to Delicious   Digg It  Send by Email  View Comments (0)  Post Comment

Home | Login |Research | Earnings | Scans | Charts | Submit Article | Join Blog Network | Advertise |

copryright 2010 all rights reserved

Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia