MCLEAN, Va., March 10, 2016 /PRNewswire/ -- CYREN
(NASDAQ: CYRN) today disclosed that several members of its
executive team and board of directors have been actively buying
CYREN shares in the open market. During the past quarter,
several executives, including CEO Lior
Samuelson and CFO Michael
Myshrall, have purchased over 170,000 additional
shares. Management and board members now own over 6.5 million
shares, representing 16.8% of outstanding shares, independent of
stock options.
CYREN allows employees and board members to trade shares and
exercise stock options each quarter during the company's open
trading window. As a NASDAQ Foreign Private Issuer, CYREN is
not subject to the same filing requirements as NASDAQ domestic
issuers, and therefore management is not required to file SEC
Insider Form 4 disclosing insider trading information. As a
result, insider holdings are only published once per year in the
company's Form 20-F annual report.
CYREN's Form 20-F annual report disclosing insider holdings will
be filed with the SEC prior to the April 30,
2016 deadline.
About CYREN
CYREN (NASDAQ and TASE: CYRN)
protects more than 600 million users against cyber attacks and data
breaches through its cloud-based web, email, mobile and endpoint
security solutions. Relied upon by many of the world's largest
technology companies such as Dell, Google, McAfee and Microsoft,
CYREN offers enterprise-focused security as a service (SecaaS)
solutions as well as embedded solutions for software and security
firms. CYREN's global cloud security platform processes more than
17 billion daily transactions and uses innovative zero-day
protection technology to proactively block over 130 million threats
each day. Learn more at www.cyren.com.
Blog: blog.cyren.com
Facebook: www.facebook.com/CyrenWeb
LinkedIn: www.linkedin.com/company/cyren
Twitter: twitter.com/CyrenInc or twitter.com/cyren_ir
To download CYREN's investor relations app please visit Apple's
App Store for the iPhone and iPad or Google Play for Android mobile
devices.
U.S. Investor Contact
Garth
Russell
KCSA Strategic
Communications
+1 212 896 1250
grussell@kcsa.com
Israel Investor Contact:
Iris
Lubitch
SmarTeam
+972.54.2528007
iris@smartteam.co.il
Company Contact
Mike Myshrall, CFO
CYREN
+1 703 760 3320
mike.myshrall@CYREN.com
Media Contact
Matthew
Zintel
Zintel Public Relations
+1 281 444 1590
matthew.zintel@zintelpr.com
© 2016 CYREN Ltd. CYREN and GlobalView are trademarks of
CYREN Ltd. Other company and product names may be trademarks of
their respective owners.
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SOURCE CYREN