0001213900-20-007164 4 1 20200319 20200323 20200323 Jackson Brett Michael 0001775478 4 34 000-26495 20735918 C/O CYREN INC. 1430 SPRING HILL ROAD, SUITE 330 MCLEAN VA 22102 CYREN Ltd. 0001084577 7372 000000000 L3 1231 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 4 1 ownership.xml FORM 4 OMB APPROVAL [ ] Check this OMB Number: box if no longer UNITED STATES SECURITIES AND EXCHANGE COMMISSION 3235-0287 subject to Washington, D.C. 20549 Estimated Section 16. Form STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF average burden 4 or Form 5 SECURITIES hours per obligations may response... 0.5 continue. See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 1. Name and Address of Reporting 2. Issuer Name and Ticker 5. Relationship of Person * or Trading Symbol Reporting Person(s) to Jackson Brett Michael CYREN Ltd. [ CYRN ] Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title (Last) (First) (Middle) 3. Date of Earliest below) _____ Other C/O CYREN INC.,, 1430 SPRING HILL Transaction (MM/DD/YYYY) (specify below) ROAD, SUITE 330 3/19/2020 Chief Executive Officer (Street) 4. If Amendment, Date 6. Individual or MCLEAN, VA 22102 Original Filed Joint/Group Filing (Check (City) (State) (Zip) (MM/DD/YYYY) Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security 2. 2A. 3. Trans. 4. Securities 5. Amount of 6. Ownership 7. Nature of (Instr. 3) Trans. Deemed Code Acquired (A) or Securities Form: Direct Indirect Date Execution (Instr. 8) Disposed of (D) Beneficially (D) or Beneficial Date, if (Instr. 3, 4 and Owned Indirect (I) Ownership any 5) Following (Instr. 4) (Instr. 4) Reported Transaction(s) (Instr. 3 and 4) (A) or Code V Amount (D) Price Ordinary Shares 810000 (1) D Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of 2. 3. Trans. Date 3A. Deemed 4. Trans. 5. Number of Derivative 6. Date Exercisable and Expiration Date 7. Title and Amount of 8. Price of 9. Number of 10. 11. Nature Derivate Security Conversion Execution Code Securities Acquired (A) or Securities Underlying Derivative derivative Ownership of (Instr. 3) or Date, if (Instr. 8) Disposed of (D) Derivative Security Security Securities Form of Indirect Exercise any (Instr. 3, 4 and 5) (Instr. 3 and 4) (Instr. 5) Beneficially Derivative Beneficial Price of Owned Following Security: Ownership Derivative Reported Direct (D) (Instr. 4) Security Transaction(s) or (Instr. 4) Indirect Amount or (I) Date Exercisable Expiration Date Title Number of (Instr. 4) Code V (A) (D) Shares 5.75% Convertible (2) 3/19/2020 P $250000 (4) 3/19/2020 (3) 3/19/2024 (3) Ordinary 333334 $250000 (4) $250000 (4) D Debenture Shares Explanation of Responses: (1) 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. (2) 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. (3) 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"). (4) Represents the aggregate principal amount outstanding under the Convertible Debenture. Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Jackson Brett Michael C/O CYREN INC., Chief Executive Officer 1430 SPRING HILL ROAD, SUITE 330 MCLEAN, VA 22102 Signatures /s/ Eric Spindel, as Attorney-in-Fact 3/23/2020 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.