5
1
NASDAQ

  0001204824
  Officer


  VeriSign, Inc.
  0001014473
  94-3221585

12/31/02
5
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check box if no longer subject to Section 16.
    Form 4 or Form 5 obligations may continue.

[ ] Form 3 Holdings Reported

[ ] Form 4 Transactions Reported

1. Name and Address of Reporting Person(s)
   Ulam, James M.
   487 East Middlefield Road


   Mountain View, CA  94043
2. Issuer Name and Ticker or Trading Symbol
   VeriSign, Inc. (VRSN)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

4. Statement for Month/Year
   12/02
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   [ ] Director                   [ ] 10% Owner
   [X] Officer (give title below) [ ] Other (specify below)
   Senior Vice President,
   General Counsel & Secretary
7. 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 Acquired, Disposed of, or Beneficially Owned - ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code Amount D Price End of Year I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 730 D Direct Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) - ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code A D Exercisable Expiration - ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $149.2500 06/23/07 to buy) Non-Qualified Stock Option $9.1000 07/28/03 (right to buy) Non-Qualified Stock Option $10.0800 05/24/02 A 75,000 (1) 05/24/09 (right to buy) Non-Qualified Stock Option $22.7100 02/21/02 A 36,000 (1) 02/21/09 (right to buy) Non-Qualified Stock Option $30.4360 12/31/03 (right to buy) Non-Qualified Stock Option $34.1600 09/06/08 (right to buy) Non-Qualified Stock Option $34.4380 03/15/08 (right to buy) Non-Qualified Stock Option $42.7910 04/20/04 (right to buy) Non-Qualified Stock Option $74.1880 12/29/07 (right to buy) Non-Qualified Stock Option $107.3260 04/26/05 (right to buy) Non-Qualified Stock Option $149.2500 06/23/07 (right to buy) Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) - ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Year - ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right Common Stock 2,680 2,680 D Direct to buy) Non-Qualified Stock Option Common Stock 7,820 7,820 D Direct (right to buy) Non-Qualified Stock Option 05/24/02 Common Stock 75,000 75,000 D Direct (right to buy) Non-Qualified Stock Option 02/21/02 Common Stock 36,000 36,000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 301 301 D Direct (right to buy) Non-Qualified Stock Option Common Stock 52,000 52,000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 12,250 12,250 D Direct (right to buy) Non-Qualified Stock Option Common Stock 10,965 10,965 D Direct (right to buy) Non-Qualified Stock Option Common Stock 30,000 30,000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 8,493 8,493 D Direct (right to buy) Non-Qualified Stock Option Common Stock 32,320 32,320 D Direct (right to buy) Explanation of Responses: (1) 25% of the total options granted vest and become exercisable one year after the date of grant and thereafter with respect to 6.25% o f the shares each quarter until fully vested. - - Total number of shares includes shares acquired January 31, 2002, under the VeriSign, Inc. Employee Stock Purchase Plan. - - Total Shares reduced by 344 shares to reflect involuntary liquidation on or about June 12, 2002 of the shares previously being held frozen under the terminating Networks Solutions, Inc. 401(k) Plan due to the inability to perform an in-kind transfer of the shares between the fomer Network Solutions, Inc. 401(k) Plan and the VeriSign, Inc. 401(k) Plan.
SIGNATURE OF REPORTING PERSON /S/ By: Donald T Rozak Jr, as attorney-in-fact For: James M. Ulam DATE 02/12/03