*The Reporting Person, as defined below, is affiliated with a Registered Investment Adviser but has elected to file Schedule
13G/A nonetheless. As an affiliate of a Registered Investment Adviser, the Reporting Person disclaims all beneficial ownership
of these shares, and in any case, disclaims beneficial ownership of these shares except to the extent of the Reporting Person's
pecuniary interest in the shares.
|
CUSIP
No. M26895108
|
SCHEDULE 13G/A
|
Page 4
of 9 Pages
|
| |
|
|
|
|
|
1
|
NAME OF REPORTING PERSONS
Charles M. Diker
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) o
|
|
|
3
|
SEC USE ONLY
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
377,155
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
SHARED DISPOSITIVE POWER
377,155
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
377,155
|
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.0%
|
|
12
|
TYPE OF REPORTING PERSON (See Instructions)
IN*
|
*The Reporting Person, as defined below, is affiliated with a Registered Investment Adviser but has elected to file Schedule
13G/A nonetheless. As an affiliate of a Registered Investment Adviser, the Reporting Person disclaims all beneficial ownership
of these shares, and in any case, disclaims beneficial ownership of these shares except to the extent of the Reporting Person's
pecuniary interest in the shares.
|
CUSIP
No. M26895108
|
SCHEDULE 13G/A
|
Page 5
of 9 Pages
|
| |
|
|
|
|
|
1
|
NAME OF REPORTING PERSONS
Mark N. Diker
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) o
|
|
|
3
|
SEC USE ONLY
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
377,155
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
SHARED DISPOSITIVE POWER
377,155
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
377,155
|
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.0%
|
|
12
|
TYPE OF REPORTING PERSON (See Instructions)
IN*
|
*The Reporting Person, as defined below, is affiliated with a Registered Investment Adviser but has elected to file Schedule
13G/A nonetheless. As an affiliate of a Registered Investment Adviser, the Reporting Person disclaims all beneficial ownership
of these shares, and in any case, disclaims beneficial ownership of these shares except to the extent of the Reporting Person's
pecuniary interest in the shares.
|
CUSIP
No. M26895108
|
SCHEDULE 13G/A
|
Page 6
of 9 Pages
|
| Item 1. | | (a) Name of Issuer |
Cyren LTD (the "Company")
| | (b) Address of Issuer’s Principal
Executive Offices |
The
Company's principal executive offices are located at 1 Sapir Road, 5th Floor, Beit Ampa, P.O. Box 4014, Herzliya 46140, Israel.
| Item 2. | | (a) Name of Person Filing |
This statement is filed by:
(i) Diker GP, LLC, a Delaware limited liability company ("Diker GP"), as the general partner to the Delaware limited partnership
the Diker Value Tech Fund, LP ("VT"), Diker Value Tech QP Fund, LP ("VTQP"), Diker Small Cap Fund, LP ("SC"), the Diker Small
Cap QP Fund, LP ("SCQP") and Diker Micro Cap Fund LP ("MC") with respect to the Stock directly owned by VT, VTQP, SC, SCQP,
MC and (collectively, the "Diker Funds");
(ii) Diker Management, LLC, a Delaware limited liability company ("Diker Management"), as the investment manager of the Diker
Funds, with respect to the shares of Common Stock held by the Diker Funds;
(iii) Charles M. Diker, a citizen of the United States, and the managing member of each of Diker GP and Diker Management,
with respect to the shares of Common Stock subject to the control of Diker GP and Diker Management; and
(iv) Mark N. Diker, a citizen of the United States, and the managing member of each of Diker GP and Diker Management, with
respect to the shares of Common Stock subject to the control of Diker GP and Diker Management.
The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein
with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate
party.
| | (b) Address
of Principal Business Office, or, if none, Residence |
The address of the business office of each of the Reporting Persons is 730 Fifth Avenue, 15th Floor, New York, NY 10019.
Each
of Diker GP and Diker Management is a Delaware limited liability company. Each of Charles M. Diker and Mark N. Diker is a
United States citizen.
| | | (d) Title of Class of Securities |
Common Stock (the "Common Stock").
M26895108
|
CUSIP
No. M26895108
|
SCHEDULE 13G/A
|
Page 7
of 9 Pages
|
| |
Item 3. If
this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| |
(a) |
¨ |
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
| |
| |
(b) |
¨ |
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| |
| |
(c) |
¨ |
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
| |
| |
(d) |
¨ |
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| |
| |
(e) |
o |
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| |
| |
(f) |
¨ |
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| |
| |
(g) |
¨ |
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| |
| |
(h) |
¨ |
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| |
| |
(i) |
¨ |
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| |
| |
(j) |
¨ |
A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
| |
| |
(k) |
¨ |
A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J),
please specify the type of institution: |
| |
|
|
|
If this statement is filed pursuant to 13d-1(c), check this box:
x |
|
CUSIP
No. M26895108
|
SCHEDULE 13G/A
|
Page
8 of 9 Pages
|
Item
4. Ownership
Provide the following information
regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
The
Reporting Persons may be deemed to be the beneficial owners of 377,155 shares of common stock, which includes 72,613 of
common stock if 72,613 warrants were exercised. The percentage of beneficial ownership herein is determined by dividing the
number of shares beneficially owned by Diker Management LLC, 377,155, by the number of shares outstanding , 39,091,000, plus 72,613, the number of shares that could be acquired if certain warrants were exercised.
Diker
GP, LLC
(a) Amount beneficially owned:
377,155
(b) Percent of class: 1.0%
(c) Number of shares as to which
the person has:
(i) Sole power to vote
or to direct the vote: 0
(ii) Shared power to vote
or to direct the vote: 377,155
(iii) Sole power to dispose
or to direct the disposition of: 0
(iv) Shared power to dispose
or to direct the disposition of: 377,155
Diker Management, LLC
(a) Amount beneficially owned:
377,155
(b) Percent of class: 1.0%
(c) Number of shares as to which
the person has:
(i) Sole power to vote
or to direct the vote: 0
(ii) Shared power to vote
or to direct the vote: 377,155
(iii) Sole power to dispose
or to direct the disposition of: 0
(iv) Shared power to dispose
or to direct the disposition of: 377,155
Charles M. Diker
(a) Amount beneficially owned:
377,155
(b) Percent of class: 1.0%
(c) Number of shares as to which
the person has:
(i) Sole power to vote
or to direct the vote: 0
(ii) Shared power to vote
or to direct the vote: 377,155
(iii) Sole power to dispose
or to direct the disposition of: 0
(iv) Shared power to dispose
or to direct the disposition of: 377,155
Mark N. Diker
(a) Amount beneficially owned:
377,155
(b) Percent of class: 1.0%
(c) Number of shares as to which
the person has:
(i) Sole power to vote
or to direct the vote: 0
(ii) Shared power to vote
or to direct the vote: 377,155
(iii) Sole power to dispose
or to direct the disposition of: 0
(iv) Shared power to dispose
or to direct the disposition of: 377,155
Item
5. Ownership of Five Percent or Less of a Class
X
Item
6. Ownership of More Than Five Percent on Behalf of Another Person
Not Applicable.
Not Applicable.
Not Applicable.