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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 8, 1999
Comverse Technology, Inc.
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(Exact name of registrant as specified in its charter)
New York 0-15502 13-3238402
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
170 Crossways Park Drive, Woodbury, NY 11797
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 677-7200
Not Applicable
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(Former name or former address, if changed since last report)
37994.0003
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Item 5. Other Events.
On September 8, 1999, the registrant called for redemption all of its
outstanding 5-3/4% Convertible Subordinated Debentures due 2006 (the
"Debentures"), in the aggregate principal amount of $115,000,000. The
Debentures, if not theretofore converted into the registrant's common stock, par
value $.10 per share ("Common Stock"), are to be redeemed on October 12, 1999
(the "Redemption Date") at a redemption price of 102% of the principal amount
thereof, plus interest accrued on the principal amount for the period between
October 1, 1999 (the most recent semi-annual interest payment date) and the
Redemption Date. On and after the Redemption Date, interest on the Debentures
shall cease to accrue. Debenture holders will be entitled, at their option, to
convert the Debentures into Common Stock at a conversion price of $30.50 per
share in accordance with the provisions of the Debentures. The right to convert
the Debentures shall terminate at the close of business (5:00 p.m. New York City
time) on October 4, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COMVERSE TECHNOLOGY, INC.
Date: September 17, 1999 By: /s/ William F. Sorin
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William F. Sorin, Secretary
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