0001213900-21-005930 SC 13G/A 1 20210202 20210202 DOV YELIN YAIR LAPIDOT YELIN LAPIDOT MUTUAL FUNDS MANAGEMENT LTD. CYREN Ltd. 0001084577 7372 000000000 L3 1231 SC 13G/A 34 005-57507 21578917 1 SAPIR ROAD 5TH FLOOR, BEIT AMPA P.O. BOX 4014 HERZLIYA L3 46140 7037603320 C/O CYREN INC. 1430 SPRING HILL ROAD, SUITE 330 MCLEAN VA 22102 COMMTOUCH SOFTWARE LTD 19990419 Yelin Lapidot Holdings Management Ltd. 0001590495 000000000 L3 1231 SC 13G/A 50 DIZENGOFF ST., DIZENGOFF CENTER GATE 3, TOP TOWER TEL AVIV L3 64332 972-3-713-2323 50 DIZENGOFF ST., DIZENGOFF CENTER GATE 3, TOP TOWER TEL AVIV L3 64332 SC 13G/A 1 ea134284-13ga7yelin_cyrenltd.htm AMENDMENT NO. 7 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 7)* Cyren Ltd. (Name of Issuer) Ordinary Shares, par value NIS 0.15 per share (Title of Class of Securities) M26895108 (CUSIP Number) December 31, 2020 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ? Rule 13d-1(b) ? Rule 13d-1(c) ? Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Actof 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. M26895108 13G Page 2 of 10 Pages 1 NAME OF REPORTING PERSONS Dov Yelin 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions) (a) ? (b) ? 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Israel 5 SOLE VOTING POWER NUMBER OF --- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 5,021,794 (*) EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH --- 8 SHARED DISPOSITIVE POWER 5,021,794 (*) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,021,794 (*) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions) ? 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.24% (*) (**) 12 TYPE OF REPORTING PERSON (See instructions) IN (*) The beneficial ownership of the securities reported herein is described in Item 4(a). (**) Based on 60,919,503 Ordinary Shares outstanding as of December 31, 2020 (as reported on Bloomberg LP). CUSIP No. M26895108 13G Page 3 of 10 Pages 1 NAME OF REPORTING PERSONS Yair Lapidot 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions) (a) ? (b) ? 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Israel 5 SOLE VOTING POWER NUMBER OF --- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 5,021,794 (*) EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH --- 8 SHARED DISPOSITIVE POWER 5,021,794 (*) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,021,794 (*) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions) ? 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.24% (*) (**) 12 TYPE OF REPORTING PERSON (See instructions) IN (*) The beneficial ownership of the securities reported herein is described in Item 4(a). (**) Based on 60,919,503 Ordinary Shares outstanding as of December 31, 2020 (as reported on Bloomberg LP). CUSIP No. M26895108 13G Page 4 of 10 Pages 1 NAME OF REPORTING PERSONS Yelin Lapidot Holdings Management Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions) (a) ? (b) ? 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Israel 5 SOLE VOTING POWER NUMBER OF --- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 5,021,794 (*) EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH --- 8 SHARED DISPOSITIVE POWER 5,021,794 (*) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,021,794 (*) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions) ? 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.24% (*) (**) 12 TYPE OF REPORTING PERSON (See instructions) CO (*) The beneficial ownership of the securities reported herein is described in Item 4(a). (**) Based on 60,919,503 Ordinary Shares outstanding as of December 31, 2020 (as reported on Bloomberg LP). CUSIP No. M26895108 13G Page 5 of 10 Pages 1 NAME OF REPORTING PERSONS Yelin Lapidot Mutual Funds Management Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions) (a) ? (b) ? 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Israel 5 SOLE VOTING POWER NUMBER OF --- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 5,021,794 (*) EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH --- 8 SHARED DISPOSITIVE POWER 5,021,794 (*) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,021,794 (*) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions) ? 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.24% (*) (**) 12 TYPE OF REPORTING PERSON (See instructions) CO (*) The beneficial ownership of the securities reported herein is described in Item 4(a). (**) Based on 60,919,503 Ordinary Shares outstanding as of December 31, 2020 (as reported on Bloomberg LP). CUSIP No. M26895108 13G Page 6 of 10 Pages Item 1. (a) Name of Issuer: Cyren Ltd. (b) Address of Issuer’s Principal Executive Offices: 10 Ha-Menofim, 5th Floor, Herzliya, Israel 4672561. Item 2. (a) Name of Person Filing: Dov Yelin Yair Lapidot Yelin Lapidot Holdings Management Ltd. Yelin Lapidot Mutual Funds Management Ltd. (b) Address of Principal Business Office: Dov Yelin – 50 Dizengoff St., Dizengoff Center, Gate 3, Top Tower, 13th floor, Tel Aviv 64332, Israel Yair Lapidot – 50 Dizengoff St., Dizengoff Center, Gate 3, Top Tower, 13th floor, Tel Aviv 64332, Israel Yelin Lapidot Holdings Management Ltd. – 50 Dizengoff St., Dizengoff Center, Gate 3, Top Tower, 13th floor, Tel Aviv 64332, Israel Yelin Lapidot Mutual Funds Management Ltd. – 50 Dizengoff St., Dizengoff Center, Gate 3, Top Tower, 13th floor, Tel Aviv 64332, Israel (c) Citizenship or Place of Incorporation: Dov Yelin – Israel Yair Lapidot – Israel Yelin Lapidot Holdings Management Ltd. – Israel Yelin Lapidot Mutual Funds Management Ltd. – Israel (d) Title of Class of Securities: Ordinary Shares, par value NIS 0.15 per share (e) CUSIP Number: M26895108 CUSIP No. M26895108 13G Page 7 of 10 Pages Item 3. Not applicable. Item 4. Ownership: (a) Amount beneficially owned: See row 9 of cover page of each reporting person. On December 31, 2020, the securities reported herein were beneficially owned as follows: ? 5,021,794 Ordinary Shares (representing 8.24% of the total Ordinary Shares outstanding) beneficially owned by mutual funds managed by Yelin Lapidot Mutual Funds Management Ltd. ? 0 Ordinary Shares (representing 0.00% of the total Ordinary Shares outstanding) beneficially owned by provident funds managed by Yelin Lapidot Provident Funds Management Ltd. The securities reported herein are beneficially owned by provident funds managed by Yelin Lapidot Provident Funds Management Ltd. and/or mutual funds managed by Yelin Lapidot Mutual Funds Management Ltd. (the “Subsidiaries”), each a wholly-owned subsidiary of Yelin Lapidot Holdings Management Ltd. (“Yelin Lapidot Holdings”). Messrs. Yelin and Lapidot each own 24.38% of the share capital and 25.004% of the voting rights of Yelin Lapidot Holdings, and are responsible for the day-to-day management of Yelin Lapidot Holdings. The Subsidiaries operate under independent management and make their own independent voting and investment decisions. Any economic interest or beneficial ownership in any of the securities covered by this report is held for the benefit of the members of the provident funds or mutual funds, as the case may be. This Statement shall not be construed as an admission by Messrs. Yelin and Lapidot, Yelin Lapidot Holdings or the Subsidiaries that he or it is the beneficial owner of any of the securities covered by this Statement, and each of Messrs. Yelin and Lapidot, Yelin Lapidot Holdings, and the Subsidiaries disclaims beneficial ownership of any such securities. (b) Percent of class: See row 11 of cover page of each reporting person CUSIP No. M26895108 13G Page 8 of 10 Pages (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See row 5 of cover page of each reporting person (ii) Shared power to vote or to direct the vote: See row 6 of cover page of each reporting person and note in Item 4(a) above (iii) Sole power to dispose or to direct the disposition of: See row 7 of cover page of each reporting person (iv) Shared power to dispose or to direct the disposition of: See row 8 of cover page of each reporting person and note in Item 4(a) above Item 5. Ownership of Five Percent or Less of a Class: Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another: Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person: Not applicable. Item 8. Identification and Classification of Members of the Group: Not applicable. Item 9. Notice of Dissolution of Group: Not applicable. Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. M26895108 13G Page 9 of 10 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 31, 2021 Dov Yelin /s/ Dov Yelin By: Dov Yelin Yair Lapidot /s/ Yair Lapidot By: Yair Lapidot Yelin Lapidot Holdings Management Ltd. /s/ Dov Yelin By: Dov Yelin Title: Joint Chief Executive Officer Yelin Lapidot Mutual Funds Management Ltd. /s/ Yair Lapidot By: Yair Lapidot Title: Chairman of the Board CUSIP No. M26895108 13G Page 10 of 10 Pages EXHIBIT NO. DESCRIPTION Exhibit 1 Joint Filing Agreement filed by and among the Reporting Persons, dated as of July 30, 2015 (incorporated herein by reference to Exhibit 1 to the Schedule 13G filed on July 30, 2015).