UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Danziger, Itzhak
32 Ahi Dakar St.
Raamana ISRAEL 43259
2. Date of Event Requiring Statement (Month/Day/Year)
11/10/98
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
COMVERSE TECHNOLOGY, INC, -- CMVT
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
| | | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | |
| | | | | | | |
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Insentive Stock Options | 05/25 |05/25/05 | Common Stock | 6,250 | $13.50 | D | |
(right to buy) | /99 | | | | | | |
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Insentive Stock Options | |07/15/06 | Common Stock | 5,000 | $23.75 | D | |
(right to buy) | (1) | | | | | | |
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Insentive Stock Options | |05/28/07 | Common Stock | 50,000 | $44.25 | D | |
(right to buy) | (1) | | | | | | |
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Insentive Stock Options | |01/27/08 | Common Stock |125,000 | $31.25 | D | |
(right to buy) | (1) | | | | | | |
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Insentive Stock Options | |10/09/08 | Common Stock | 50,000 | $30.00 | D | |
(right to buy) | (1) | | | | | | |
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</TABLE>
Explanation of Responses:
(1) These options become exercisable incrementally over various vesting dates.
SIGNATURE OF REPORTING PERSON
/s/ Itzhak Danziger
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Itzhak Danziger
DATE
12/7/98
