VARONIS SYS INC

Ticker: VRNS CUSIP: 922280102 Class: Common Stock

Sessa Capital IM, L.P.'s Holding History (CIK: 0001595849)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 283,061 Value ($000) $5,166 Avg Close $5.88 Range $4.42 - $6.62

Q4 2015

Shares 37,588 Value ($000) $707 Avg Close $5.58 Range $4.86 - $6.49

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	283,061	$5,166	$5.88	$4.42 - $6.62
Q4 2015	37,588	$707	$5.58	$4.86 - $6.49