Jackson Brett Michael 4
4 · CYREN Ltd. · Filed Mar 23, 2020
Insider Transaction Report
Form 4
CYREN Ltd.CYRN
Jackson Brett Michael
Chief Executive Officer
Transactions
- Purchase
5.75% Convertible Debenture
2020-03-19$250000.00/shFrom: 2020-03-19Exp: 2024-03-19→ Ordinary Shares (333,334 underlying)
Holdings
- 810,000
Ordinary Shares
Footnotes (4)
- [F1]On February 28, 2020, the reporting person mistakenly filed a Form 4 reporting an award of 800,000 restricted stock units that had not yet been validly awarded. As of February 28, 2020, the reporting person owned only 810,000 restricted stock units.
- [F2]The initial conversion price of the Convertible Debenture is $0.75 per share, subject to adjustments, provided that the conversion price for the Debenture purchased by Mr. Jackson cannot be less than $0.73 per share.
- [F3]The Convertible Debenture may be converted at any time from March 19, 2020 until the earlier of the time at which the Debenture is no longer outstanding or until the March 19, 2024 (the "Maturity Date").
- [F4]Represents the aggregate principal amount outstanding under the Convertible Debenture.