Home Page | Skip to Navigation | Skip to Content | Skip to Search | Skip to Footer

Check Point Software Executives Establish 10b5-1 Trading Plans To Address Expiring Options

REDWOOD CITY, Calif. – April 21, 2005 - Check Point® Software Technologies Ltd. (NASDAQ: CHKP), the worldwide leader in securing the Internet, announced today that two of its executives, Gil Shwed and Marius Nacht, have implemented stock trading programs in accordance with Rule 10b5-1 under the United States Securities Exchange Act of 1934.

Mr. Shwed, Chief Executive Officer and Chairman of the Board, and Mr. Nacht, Senior Vice President and Vice Chairman of the Board, have both established stock trading plans to be in effect for the next 15 months to exercise and sell options that are due to expire in July 2006. The respective plans comply with the company's trading policies.

Mr. Shwed beneficially owns outright or has the option to purchase 31.1 million of the 247.1 million outstanding ordinary shares of the company and Mr. Nacht beneficially owns outright or has the option to purchase 28.1 million of the outstanding ordinary shares of the company. The respective 10b5-1 plans will allow each executive to sell up to 3,000,000 shares that he is eligible to obtain upon the exercise of the stock options that are due to expire in July 2006. Even assuming the sale of all the ordinary shares covered by the 10b5-1 plans, the two executives would remain the company's largest individual shareholders.

Rule 10b5-1 allows corporate insiders and those with access to sensitive financial information to adopt written, pre-determined stock trading plans when they do not have material, non-public information.

About Check Point Software
Check Point Software Technologies (www.checkpoint.com) is the worldwide leader in securing the Internet. It is the market leader in the worldwide enterprise firewall, personal firewall and VPN markets. Through its Next Generation product line, the company delivers a broad range of intelligent Perimeter, Internal and Web security solutions that protect business communications and resources for corporate networks and applications, remote employees, branch offices and partner extranets. The company's ZoneAlarm product line is one of the most trusted brands in Internet security, creating award-winning endpoint security solutions that protect millions of PCs from hackers, spyware and data theft. Extending the power of the Check Point solution is its Open Platform for Security (OPSEC), the industry's framework and alliance for integration and interoperability with "best-of-breed" solutions from over 350 leading companies. Check Point solutions are sold, integrated and serviced by a network of more than 2,200 Check Point partners in 88 countries.

###

©2004-2005 Check Point Software Technologies Ltd. All rights reserved.
Check Point, Application Intelligence, Check Point Express, the Check Point logo, AlertAdvisor, ClusterXL, Cooperative Enforcement, ConnectControl, Connectra, CoSa, Cooperative Security Alliance, Eventia, Eventia Analyzer, FireWall-1, FireWall-1 GX, FireWall-1 SecureServer, FloodGate-1, Hacker ID, IMsecure, INSPECT, INSPECT XL, Integrity, InterSpect, IQ Engine, Open Security Extension, OPSEC, Policy Lifecycle Management, Provider-1, Safe@Home, Safe@Office, SecureClient, SecureKnowledge, SecurePlatform, SecuRemote, SecureXL Turbocard, SecureServer, SecureUpdate, SecureXL, SiteManager-1, SmartCenter, SmartCenter Pro, Smarter Security, SmartDashboard, SmartDefense, SmartLSM, SmartMap, SmartUpdate, SmartView, SmartView Monitor, SmartView Reporter, SmartView Status, SmartViewTracker, SofaWare, SSL Network Extender, Stateful Clustering, TrueVector, Turbocard, UAM, User-to-Address Mapping, UserAuthority, VPN-1, VPN-1 Accelerator Card, VPN-1 Edge, VPN-1 Pro, VPN-1 SecureClient, VPN-1 SecuRemote, VPN-1 SecureServer, VPN-1 VSX, VPN-1 XL, Web Intelligence, ZoneAlarm, ZoneAlarm Pro, Zone Labs, and the Zone Labs logo, are trademarks or registered trademarks of Check Point Software Technologies Ltd. or its affiliates. All other product names mentioned herein are trademarks or registered trademarks of their respective owners. The products described in this document are protected by U.S. Patent No. 5,606,668, 5,835,726, 6,496,935 and 6,850,943 and may be protected by other U.S. Patents, foreign patents, or pending applications.