MELLANOX TECH LTD ORD
SymbolMLNX

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Mellanox Technologies Officers Adopt 10b5-1 Stock Trading Plans

2009-10-30 16:05 ET - News Release


Company Website: http://www.mellanox.com
SUNNYVALE, Calif. & YOKNEAM, Israel -- (Business Wire)

Mellanox® Technologies, Ltd. (NASDAQ:MLNX) (TASE:MLNX), a leading supplier of end-to-end connectivity solutions for servers and storage, 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 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.

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