Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Arrangements of Certain Officers.

(e) Approval of Fiscal Year 2009 Compensation Programs for Named Executive Officers

On December 12, 2008, the Compensation Committee of the Board of Directors of Versant Corporation ("Versant") approved compensation programs for the Company's fiscal year ending October 31, 2009 ("Fiscal 2009") for the Company's executive officers: Jochen Witte - Versant's Chief Executive Officer and President; and Jerry Wong - Versant's Vice President, Finance and Chief Financial Officer. The principal components of these Fiscal 2009 compensation programs approved by the Compensation Committee (the "Committee") are summarized below:

Jochen Witte (Chief Executive Officer and President): Mr. Witte's fiscal 2009 base salary was set at the rate of €216,000 (Euros) per annum and the Committee approved a Fiscal 2009 bonus program for Mr. Witte with the following principal terms:

† Bonus based on Fiscal 2009 Net Income Per Share (Diluted). Mr. Witte will be eligible to be paid a bonus based on Versant's net income per share, diluted (determined in accordance with U.S. generally accepted accounting principles) for Fiscal 2009, computed before deduction of this bonus ("Pre-Bonus Net Income Per Share"). This bonus will be payable at the rate of $500.00 per each $0.01 of Pre-Bonus Net Income Per Share and will be payable quarterly after each fiscal quarter.

† Bonus based on Fiscal 2009 Revenues: Mr. Witte will also be eligible to be paid a bonus based on Versant's revenues for its fiscal year ending October 31, 2009, determined in accordance with U.S. generally accepted accounting principles ("2009 Revenues"), as follows: (i) for that portion of 2009 Revenues (if any) in excess of $20.0 million but not in excess of $24.0 million, Mr. Witte will be entitled to receive a bonus equal to three percent (3%) of such 2009 Revenues; and (ii) for any 2009 Revenues (if any) in excess of $24.0 million, Mr. Witte will be entitled to receive a bonus equal to six percent (6%) of such 2009 Revenues. This bonus will be payable after the close of Versant's fiscal year ending October 31, 2009.

† Discretionary Bonus. In addition, Mr. Witte will be eligible to receive a discretionary bonus following the close of fiscal 2009 of up to $45,000 as determined by the Committee, based on strategic progress in Versant's business in Fiscal 2009.

Jerry Wong (Vice President Finance, Chief Financial Officer): Mr. Wong's fiscal 2009 base salary was set at the rate of $190,000 per annum and the Committee approved a Fiscal 2009 bonus program for Mr. Wong with the following principal terms:

† Bonus based on Fiscal 2009 Net Income Per Share (Diluted). Mr. Wong will be eligible to be paid a bonus based on Versant's net income per share, diluted (determined in accordance with U.S. generally accepted accounting principles) for Fiscal 2009, computed before deduction of this bonus ("Pre-Bonus Net Income Per

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Share"). This bonus will be payable at the rate of $167.00 per each $0.01 of Pre-Bonus Net Income Per Share. This bonus will be payable quarterly.

† Bonus on Achievement of Operational Objectives. Mr. Wong will also be eligible to earn a bonus during fiscal 2009 of up to $40,000 by achieving certain operational objectives in Fiscal 2009, as determined by Versant's Chief Executive Officer. This bonus would be paid in increments as earned on a quarterly basis.