SEC Form 4 · accession 0001213900-19-001377
CYREN Ltd. · CYRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lior Samuelson
Officer — Chairman of the Board and CEO · Director
Period of report
Jan 25, 2019
Accepted (ET)
Jan 29, 2019 · 5:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084577
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Jan 25, 2019 | S | 4,310 | $2.58 | D | 198,320 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares sold by the equity plan administrator to cover withholding taxes due upon the settlement of restricted stock units that vested on January 25, 2019. Sales were based on a pre-arranged non-discretionary arrangement to sell shares to cover the payment of taxes due upon vesting.