Mellanox Technologies Executive Officers Adopt 10b5-1 Stock Trading Plans
SUNNYVALE, Calif. & YOKNEAM, Israel--(BUSINESS WIRE)--
Mellanox® Technologies, Ltd. (NASDAQ: MLNX)(TASE: MLNX), a leading
supplier of high-performance, end-to-end interconnect solutions for data
center servers and storage systems, today announced that Eyal Waldman,
chairman, president and CEO, and Michael Gray, chief financial officer,
have each adopted a stock trading plan to sell a portion of their
ordinary shares of the company in an orderly manner. Each plan adopted
is in accordance with the guidelines specified by Rule 10b5-1 under the
Securities and Exchange Act of 1934.
Rule 10b5-1 permits corporate officers, directors and others to adopt
written, pre-arranged stock trading plans when they are not in
possession of material, non-public information. Using these plans,
insiders may gradually diversify their investment portfolios and spread
stock trades over a period of time regardless of any material,
non-public information they may receive after adopting their plans. In
accordance with 10b5-1 rules, Mr. Waldman and Mr. Gray will have no
discretion over sales under their respective plans.
Under Mr. Waldman's plan, Waldo 2 Holdings, a general partnership of
which Mr. Waldman is a general partner, may sell up to 169,123 shares
for the benefit of Mr. Waldman subject to satisfaction of certain
conditions. If the conditions are met, sales under the plan may commence
in January 2013 and would be completed by December 2013. The sales by
Mr. Waldman under his plan are intended to diversify his securities
holdings and to help meet estate planning goals. All transactions under
the plan will be disclosed through Form 144 and Form 4 filings with the
Securities and Exchange Commission as required by applicable securities
laws.
Under his plan, Mr. Gray may sell up to 55,510 shares, subject to
satisfaction of certain conditions. If the conditions are met, sales
under the plan may commence in December 2012 and would be completed by
March 2013. The sales by Mr. Gray under his plan are intended to
diversify his securities holdings and to help meet estate planning goals.
About Mellanox
Mellanox Technologies is a leading supplier of end-to-end InfiniBand and
Ethernet interconnect solutions and services for servers and storage.
Mellanox interconnect solutions increase data center efficiency by
providing the highest throughput and lowest latency, delivering data
faster to applications and unlocking system performance capability.
Mellanox offers a choice of fast interconnect products: adapters,
switches, software and silicon that accelerate application runtime and
maximize business results for a wide range of markets including high
performance computing, enterprise data centers, Web 2.0, cloud, storage
and financial services. More information is available at www.mellanox.com.
Mellanox, BridgeX, ConnectX, CORE-Direct, InfiniBridge, InfiniHost,
InfiniScale, PhyX, SwitchX, Virtual Protocol Interconnect and Voltaire
are registered trademarks of Mellanox Technologies, Ltd. FabricIT,
MLNX-OS, Unbreakable-Link, UFM and Unified Fabric Manager are trademarks
of Mellanox Technologies, Ltd. All other trademarks are property of
their respective owners.
Press/Media Contacts
Waggener Edstrom
Ashley Paula,
+1-415-547-7024
apaula@waggeneredstrom.com
or
USA
Investor Contact
Mellanox Technologies
Gwyn Lauber,
+1-408-916-0012
gwyn@mellanox.com
or
Israel
Investor Contact
Gelbart Kahana Investor Relations
Nava
Ladin, +972-3-6074717
nava@gk-biz.com
Source: Mellanox Technologies, Ltd.
News Provided by Acquire Media
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