Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Melamed Guy
  2. Issuer Name and Ticker or Trading Symbol
VARONIS SYSTEMS INC [VRNS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last)
(First)
(Middle)
C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 29TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
11/01/2017
(Street)

NEW YORK, NY 10001
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_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
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 per share 11/01/2017   M   208 A $ 22.01 95,491 D  
Common Stock, par value $0.001 per share 11/01/2017   M   105 A $ 21 95,596 D  
Common Stock, par value $0.001 per share 11/01/2017   M   84 A $ 21.66 95,680 D  
Common Stock, par value $0.001 per share 11/01/2017   M   208 A $ 19.51 95,888 D  
Common Stock, par value $0.001 per share 11/01/2017   S(1)   605 D $ 43.65 95,283 D  
Common Stock, par value $0.001 per share 11/03/2017   M   2,688 A $ 39.86 97,971 D  
Common Stock, par value $0.001 per share 11/03/2017   M   2,667 A $ 29.88 100,638 D  
Common Stock, par value $0.001 per share 11/03/2017   S(1)   5,355 D $ 48 95,283 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 22.01 11/01/2017   M     208 05/12/2015 05/12/2024 Common Stock 208 $ 0 729 D  
Stock Option (right to buy) $ 21 11/01/2017   M     105 08/07/2015 08/07/2024 Common Stock 105 $ 0 520 D  
Stock Option (right to buy) $ 21.66 11/01/2017   M     84 11/11/2015 11/11/2024 Common Stock 84 $ 0 541 D  
Stock Option (right to buy) $ 19.51 11/01/2017   M     208 05/11/2016 05/11/2025 Common Stock 208 $ 0 1,979 D  
Stock Option (right to buy) $ 39.86 11/03/2017   M     2,688 03/21/2015 03/21/2025 Common Stock 2,688 $ 0 312 D  
Stock Option (right to buy) $ 29.88 11/03/2017   M     2,667 02/20/2016 02/20/2025 Common Stock 2,677 $ 0 1,333 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Melamed Guy
C/O VARONIS SYSTEMS, INC.
1250 BROADWAY, 29TH FLOOR
NEW YORK, NY 10001
      Chief Financial Officer  

Signatures

 /s/ Guy Melamed   11/03/2017
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the reporting person on August 22, 2017.

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