CYREN Discloses Insider Share Purchases

Mar 10, 2016, 06:17 ET from CYREN

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



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