SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
CLEMENT ALBERT E

(Last) (First) (Middle)
487 EAST MIDDLEFIELD ROAD

(Street)
MOUNTAIN VIEW CA 94043

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/05/2007
3. Issuer Name and Ticker or Trading Symbol
VERISIGN INC/CA [ VRSN ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP and CFO
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 5,439 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) 05/24/2003(1) 05/24/2009 Common Stock 1,562 10.08 D
Non-Qualified Stock Option (right to buy) 09/26/2004(2) 09/26/2010 Common Stock 16,494 12.88 D
Non-Qualified Stock Option (right to buy) 02/21/2003(1) 02/21/2009 Common Stock 50,000 13.79 D
Non-Qualified Stock Option (right to buy) 06/30/2004(1) 06/30/2013 Common Stock 33,000 13.79 D
Non-Qualified Stock Option (right to buy) 08/31/2005(3) 08/31/2011 Common Stock 63,000 17.36 D
Non-Qualified Stock Option (right to buy) 08/01/2007(4) 08/01/2013 Common Stock 48,600 17.94 D
Non-Qualified Stock Option (right to buy) 08/02/2006(5) 08/02/2012 Common Stock 58,950 26.4 D
Non-Qualified Stock Option (right to buy) 12/29/2001(1) 12/29/2007 Common Stock 20,000 74.188 D
Restricted Stock Unit (RSU) 08/02/2006(6) 08/02/2009 Common Stock 5,895 0 D
Restricted Stock Unit (RSU) 08/01/2007(7) 08/01/2010 Common Stock 5,400 0 D
Explanation of Responses:
1. Immediately
2. Two options were granted to Reporting Person on 09/26/2003. Option 1: 11,250 shares subject to an option to purchase shares of VeriSign common stock are immediately exercisable and 1,875 shares subject to an option to purchase shares VeriSign common stock will vest and become exercisable on 09/26/2003. Option 2: 2,888 shares subject to an option to purchase shares of VeriSign common stock are immediately exercisable and 481 shares subject to an option to purchase shares of VeriSign common stock will vest and become exercisable on 09/26/2003.
3. Two options were granted to Reporting Person on 08/31/2004. Option 1: 36,438 shares subject to an option to purchase shares of VeriSign common stock are immediately exercisable, 3,312 shares subject to an option to purchase shares of VeriSign common stock will vest on August 31, 2007, and 13,250 shares subject to an option to purchase shares of VeriSign common stock will vest quarterly until fully vested on 08/31/2008. Option 2: 6,875 shares subject to an option to purchase shares of VeriSign common stock are immediately exercisable, 625 shares subject to an option to purchase shares of VeriSign common stock will vest on August 31, 2007, and 2,500 shares subject to an option to purchase shares of VeriSign common stock will vest quarterly until fully vested on 08/31/2008.
4. Two options were granted to Reporting Person on 08/01/2006. The first option was for 40,500 shares and the second option was for 8,100 shares with vesting terms of 25% of the shares subject to an option to purchase shares of VeriSign common stock will vest and become exercisable on the anniversary of the date of grant and quarterly thereafter with respect to 6.25% of the shares until fully vested.
5. Two options were granted to Reporting Person on 08/02/2005. Option 1: Immediately exercisable with a sale restriction on 26,833 shares. The sale restriction is released quarterly as to 6.25% of the original grant of 47,700 shares subject to an option to purchase shares of VeriSign common stock until fully released on 08/02/2009. Option 2: Immediately exercisable with a sale restriction on 6,328 shares. The sale restriction is released quarterly as to 6.25% of the original grant of 11,250 shares subject to an option to purchase shares of VeriSign common stock until fully released on 08/02/2009.
6. On 08/02/2005, Reporting Person was awarded a total of 6,550 restricted stock units (RSUs) from two awards. Each restricted stock unit represents a contingent right to receive one (1) share of VeriSign common stock once vested, subject to applicable taxes upon release. Ten percent (10%) of the total RSUs granted vested and became exercisable on the first anniversary, twenty percent (20%) of the total RSUs granted vests and becomes exercisable on the second anniversary, thirty percent (30%) of the total RSUs granted vests and becomes exercisable on the third anniversary, and forty percent (40%) of the total RSUs granted vests and becomes exercisable on the fourth anniversary respective of the date of grant.
7. On 08/01/2006, Reporting Person was awarded a total of 5,400 restricted stock units (RSUs) from two awards. Each restricted stock unit represents a contingent right to receive one (1) share of VeriSign common stock once vested, subject to applicable taxes upon release. Twenty-five percent (25%) of the grant vests on each anniversary of the date of grant until fully vested.
Remarks:
Reporting Person's total direct holdings disclosed in Table I, Item 5 under Amount of Securities Beneficially Owned Following Reported Transaction(s) includes shares acquired through the VeriSign 1998 Employee Stock Purchase Plan.
By: Donald T Rozak Jr, as attorney-in-fact For: Albert E. Clement 07/16/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY


KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of Donald T. Rozak, Jr., and the persons holding the positions
of General Counsel, Deputy General Counsel, Associate General Counsel,
Secretary or Assistant Secretary of VeriSign, Inc. (the "Company") from time
to time, acting singly, the undersigned's true and lawful attorney-in-fact to:

(1)	execute for and on behalf of the undersigned, in the undersigned's
capacity as an officer and/or director of the Company, Forms 3, 4 and 5, and
any successor forms thereto, (each, a "Form" and collectively, the "Forms")
and any amendment or amendments to any such Form, in accordance with
Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

(2)	do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such Form,
complete and execute any amendment or amendments thereto, and timely file
such Form with the U.S. Securities and Exchange Commission and any stock
exchange or market or similar authority; and

(3)	take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it
being understood that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of Attorney shall be in
such form and shall contain such terms and conditions as such
attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and
powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this Power of Attorney and the
rights and powers herein granted.  The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of
the undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934 or the rules thereunder.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms with respect to the
undersigned's holdings of and transactions in securities (including
derivative securities) issued by the Company and security-based swap
agreements involving such securities, unless earlier revoked by the
undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 2nd day of July 2007.


/s/ Albert E. Clement
Signature

Albert E. Clement
Printed Name