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.
U.S. Investor Contact Garth Russell KCSA Strategic Communications +1 212 896 1250 email@example.com
Israel Investor Contact: Iris Lubitch SmarTeam +972.54.2528007 firstname.lastname@example.org
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 email@example.com
© 2016 CYREN Ltd. CYREN and GlobalView are trademarks of CYREN Ltd. Other company and product names may be trademarks of their respective owners.