Mellanox Technologies President and CEO Eyal Waldman and CFO Jacob Shulman to Adopt Stock Trading Plans [Professional Services Close – Up]

Mellanox Technologies,, a supplier of interconnect solutions for data center servers and storage systems, announced that Eyal Waldman, president and CEO, and Jacob Shulman, CFO, have each adopted a stock trading plan to sell a portion of their ordinary shares of the company in an orderly manner.

In a release on Oct. 30, the Company said 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, Waldman and Shulman will have no discretion over sales under their respective plans.

Under Waldman's plan, Waldo 2 Holdings, a general partnership of which Waldman is a general partner, may sell up to 192,194 shares for the benefit of Waldman subject to satisfaction of certain conditions. If the conditions are met, sales under the plan may commence in Jan. 1, 2014 and would be completed by Dec. 31, 2014. The sales by 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, Shulman may sell up to 14,453 shares, subject to satisfaction of certain conditions. If the conditions are met, sales under the plan may commence in Jan. 1, 2014 and would be completed by Dec. 31, 2014. The sales by Shulman under his plan are intended to diversify his securities holdings and to help meet estate planning goals.

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