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

(e) Approval of Acceleration of Restricted Stock Units for Named Executive Officers

On October 22, 2012, the Compensation Committee of the Board of Directors of Versant Corporation (the "Company") approved the acceleration of the vesting of all outstanding Company restricted stock units ("RSUs") currently held by Bernhard Woebker, the Company's Chief Executive Officer and President, Jerry Wong, the Company's Vice President, Finance, Secretary and Chief Financial Officer, and Paul McCullugh, the Company's Executive Vice President, Sales and Marketing, effective as of immediately prior to the effective time of the merger of a wholly-owned subsidiary of UNICOM Systems, Inc. (the "Merger Sub") with and into the Company (the "Merger") pursuant to that certain Agreement and Plan of Merger, dated September 28, 2012 among the Company, UNICOM Systems, Inc. and Merger Sub (the "Merger Agreement"). These RSUs were previously granted under the Company's 2005 Equity Incentive Plan. Under the terms of the Merger Agreement, all vested and outstanding Company RSUs will be cancelled and converted into the right to receive an amount in cash, without interest, equal to $11.50 multiplied by the number of shares of common stock as to which such RSU is vested as of immediately prior to the effective time of the Merger.

If the Merger were consummated as of December 15, 2012, then the value of the acceleration of the RSUs will be up to $115,000 for the RSUs held by Mr. Woebker, up to $58,000 for the RSUs held by Mr. Wong and up to $115,000 for the RSUs held by Mr. McCullugh.