<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
BackWeb Technologies Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares
- --------------------------------------------------------------------------------
(Title of Class of Securities)
M15633106
- --------------------------------------------------------------------------------
(CUSIP Number)
David J. Greenwald, Esq.
Goldman, Sachs & Co.
85 Broad Street
New York, New York 10004
(212) 902-1000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 1, 1999
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box: [ ]
<PAGE> 2
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
The Goldman Sachs Group, Inc.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF-OO
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
203,070*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
2
<PAGE> 3
10. Shared Dispositive Power
Person With
3,475,746
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,475,746
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
10.4% as calculated in accordance with Rule 13d-3(d)(1); 9.7% if certain
shares are exchanged (see Item 5).
- --------------------------------------------------------------------------------
14. Type of Reporting Person
HC-CO
- --------------------------------------------------------------------------------
* The power to vote 3,272,676 Ordinary Shares which may be deemed to be
beneficially owned by The Goldman Sachs Group, Inc. is being transferred to
United States Trust Company of New York as voting trustee. See Item 6 hereof.
3
<PAGE> 4
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person or I.R.S. Identification No. of above Person
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF-OO
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
New York
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
203,070*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
4
<PAGE> 5
10. Shared Dispostive Power
Person With
3,475,746
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,475,746
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
10.4% as calculated in accordance with Rule 13d-3(d)(1); 9.7% if certain
shares are exchanged (see Item 5).
- --------------------------------------------------------------------------------
14. Type of Reporting Person
BD-PN-IA
- --------------------------------------------------------------------------------
* The power to vote 3,272,676 Ordinary Shares which may be deemed to be
beneficially owned by Goldman Sachs & Co. is being transferred to
United States Trust Company of New York as voting trustee. See Item 6 hereof.
5
<PAGE> 6
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Advisors, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
0*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
6
<PAGE> 7
10. Shared Dispositive Power
Person With
1,955,591
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,955,591
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
5.8% as calculated in accordance with Rule 13d-3(d)(1); 5.4% if certain
shares are exchanged (see Item 5).
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
* The power to vote 1,955,591 Ordinary Shares which may be deemed to be
beneficially owned by GS Advisors, L.P. is being transferred to United States
Trust Company of New York as voting trustee. See Item 6 hereof.
7
<PAGE> 8
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Capital Partners II, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
0*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
8
<PAGE> 9
10. Shared Dispositive Power
Person With
1,955,591
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,955,591
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
5.8% as calculated in accordance with Rule 13d-3(d)(1); 5.4% if certain
shares are exchanged (see Item 5).
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
* The power to vote 1,955,591 Ordinary Shares beneficially owned by GS Capital
Partners II, L.P. is being transferred to United States Trust Company of New
York as voting trustee. See Item 6 hereof.
9
<PAGE> 10
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Advisors II (Cayman), L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Cayman Islands
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
0*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
10
<PAGE> 11
10. Shared Dispositive Power
Person With
777,427
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
777,427
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
2.3% as calculated in accordance with Rule 13d-3(d)(1); 2.2% if certain
shares are exchanged (see Item 5).
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
* The power to vote 777,427 Ordinary Shares which may be deemed to be
beneficially owned by GS Advisors II (Cayman), L.P. is being transferred to
United States Trust Company of New York as voting trustee. See Item 6 hereof.
11
<PAGE> 12
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Capital Partners II Offshore, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Cayman Islands
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
0*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
12
<PAGE> 13
10. Shared Dispositive Power
Person With
777,427
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
777,427
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
2.3% as calculated in accordance with Rule 13d-3(d)(1); 2.2% if certain
shares are exchanged (see Item 5).
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
* The power to vote 777,427 Ordinary Shares beneficially owned by GS Capital
Partners II Offshore, L.P. is being transferred to United States Trust
Company of New York as voting trustee. See Item 6 hereof.
13
<PAGE> 14
================================================================================
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Goldman, Sachs & Co. oHG
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Germany
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
0*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
14
<PAGE> 15
10. Shared Dispositive Power
Person With
72,132
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
72,132
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0.2%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
* The power to vote 72,132 Ordinary Shares which may be deemed to be
beneficially owned by Goldman Sachs & Co. oHG is being transferred to
United States Trust Company of New York as voting trustee. See Item 6
hereof.
15
<PAGE> 16
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Capital Partners II (Germany) Civil Law Partnership (with limitation
of liability)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Germany
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
0*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
16
<PAGE> 17
10. Shared Dispositive Power
Person With
72,132
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
72,132
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0.2%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
* The power to vote 72,132 Ordinary Shares beneficially owned by GS Capital
Partners II (Germany) Civil Law Partnership (with limitation of liability) is
being transferred to United States Trust Company of New York as voting
trustee. See Item 6 hereof.
17
<PAGE> 18
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Stone Street Empire Corp.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
DELAWARE
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
0*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
18
<PAGE> 19
'
10. Shared Dispositive Power
Person With
467,526
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
467,526
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
1.4% as calculated in accordance with Rule 13d-3(d)(1); 1.3% if certain
shares are exchanged (see Item 5).
- --------------------------------------------------------------------------------
14. Type of Reporting Person
CO
- --------------------------------------------------------------------------------
* The power to vote 467,526 Ordinary Shares which may be deemed to be
beneficially owned by Stone Street Empire Corp. is being transferred to United
States Trust Company of New York as voting trustee. See Item 6 hereof.
19
<PAGE> 20
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Stone Street Fund 1996, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
DELAWARE
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
0*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
20
<PAGE> 21
10. Shared Dispositive Power
Person With
278,594
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
278,594
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
* The power to vote 278,594 Ordinary Shares beneficially owned by Stone Street
Fund 1996, L.P. is being transferred to United States Trust Company of New
York as voting trustee. See Item 6 hereof.
21
<PAGE> 22
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Bridge Street Fund 1996, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
DELAWARE
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
0*
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
22
<PAGE> 23
10. Shared Dispositive Power
Person With
188,932
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
188,932
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0.6% as calculated in accordance with Rule 13d-3(d)(1); 0.5% if certain
shares are exchanged (see Item 5).
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
* The power to vote 188,932 Ordinary Shares beneficially owned by Bridge Street
Fund 1996, L.P. is being transferred to United States Trust Company of New
York as voting trustee. See Item 6 hereof.
23
<PAGE> 24
Preliminary Statement
This Amendment No. 1 supplements the Schedule 13D filed by the Filing
Persons with the Securities and Exchange Commission on June 11, 1999, relating
to the ordinary shares, no par value (the "Ordinary Shares"), of BackWeb
Technologies Ltd., an Israeli corporation (the "Company"). Unless otherwise
defined herein, all capitalized terms used herein shall have the meanings given
them in the original Schedule 13D.
Item 1. Security and Issuer.
No change.
Item 2. Identity and Background.
The second paragraph of Item 2 is hereby amended in its entirety as
follows:
As of July 1, 1999, Goldman Sachs and GS Group may be deemed to
beneficially own, through the Limited Partnerships, 3,272,676 Ordinary
Shares. In addition, as of July 1, 1999, Goldman Sachs and GS Group may
be deemed to beneficially own 203,070 Ordinary Shares held in Managed
Accounts.
24
<PAGE> 25
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended to insert, between paragraphs 8 and 9 therein,
the following paragraph:
As of July 1, 1999, Goldman Sachs and GS Group may be deemed
to beneficially own, through the Limited Partnerships, 3,272,676 Ordinary
Shares. As of July 1, 1999, Goldman Sachs and GS Group may be deemed to
beneficially own 203,070 Ordinary Shares held in Managed Accounts.
Schedule III-A reflects the transactions effected by Goldman Sachs in the
Ordinary Shares during the period from June 12, 1999 through July 1, 1999,
all of which were effected in the ordinary course of business. The
aggregate consideration (exclusive of commissions) for such Ordinary
Shares purchased during such period was $24,565,214.83.
25
<PAGE> 26
Item 4. Purpose of the Transaction.
The second sentence of the second paragraph of Item 4 is hereby amended
in its entirety as follows:
The Limited Partnerships entered into a voting trust agreement (the
"Voting Trust Agreement") dated as of July 1, 1999 pursuant to which the
Limited Partnerships agreed to deposit into a voting trust (the "Voting
Trust") and transfer to United States Trust Company of New York as
voting trustee (the "Voting Trustee") all Ordinary Shares owned by the
Limited Partnerships. Generally the Voting Trustee will vote such
Ordinary Shares with the majority of votes cast (not including such
Ordinary Shares) or, in certain circumstances, in proportion to the
votes cast (not including such Ordinary Shares) or abstain from voting.
Item 5. Interest in Securities of the Issuer
Subsection (a) of Item 5 is hereby amended in its entirety as follows:
(a) As of July 1, 1999, GS Capital II beneficially owned, and GS
Advisors may be deemed to have beneficially owned, an aggregate of
1,955,591 Ordinary Shares, representing in the aggregate approximately
5.8% of the Ordinary Shares reported to be outstanding as of June 30,
1999 by the Company (or, approximately 5.4% assuming full exchange by
the former shareholders of Lanacom, Inc. of their shares of BackWeb
Canada, Inc. as described in the prospectus, dated June 7, 1999,
relating to the IPO (2) (the "Prospectus").
As of July 1, 1999, GS Offshore beneficially owned, and GS
Advisors Cayman may be deemed to have beneficially owned, an aggregate
of 777,427 Ordinary Shares, representing in the aggregate approximately
2.3% of the Ordinary Shares reported to be outstanding as of June 30,
1999 by the Company (or, approximately 2.2% assuming full exchange by
the former shareholders of Lanacom, Inc. of their shares of BackWeb
Canada, Inc. as described in the Prospectus).
As of July 1, 1999, 1996 Stone beneficially owned an aggregate
of 278,594 Ordinary Shares, representing in the aggregate approximately
2.2% of the Ordinary Shares reported to be outstanding as of June 30,
1999 by the Company (or, approximately 2.2% assuming full exchange by
the former shareholders of Lanacom, Inc. of their shares of BackWeb
Canada, Inc. as described in the Prospectus).
As of July 1, 1999, 1996 Bridge beneficially owned an aggregate
of 188,932 Ordinary Shares, representing in the aggregate approximately
0.6% of the Ordinary Shares reported to be outstanding as of June 30,
1999 by the Company (or, approximately 0.5% assuming full exchange by
the former shareholders of Lanacom, Inc. of their shares of BackWeb
Canada, Inc. as described in the Prospectus).
As of July 1, 1999, Stone Empire may be deemed to have
beneficially owned an aggregate of 467,526 Ordinary Shares, which are
owned by 1996 Stone and 1996 Bridge as described above, representing in
the aggregate approximately 1.4% of the Ordinary Shares reported to be
outstanding as of June 30, 1999 by the Company (or, approximately 1.3%
assuming full exchange by the former shareholders of Lanacom, Inc. of
their shares of BackWeb Canada, Inc. as described in the Prospectus).
As of July 1, 1999, GS Germany beneficially owned, and GS oHG
may be deemed to have beneficially owned, an aggregate of 72,132
Ordinary Shares, representing in the aggregate approximately 0.2% of the
Ordinary Shares reported to be outstanding as of June 30, 1999 by the
Company (or, approximately 0.2% assuming full exchange by the former
shareholders of Lanacom, Inc. of their shares of BackWeb Canada, Inc. as
described in the Prospectus).
As of July 1, 1999, each of Goldman Sachs and GS Group may be
deemed to have beneficially owned an aggregate of 3,475,746 Ordinary
Shares including (i) 3,272,676 Ordinary Shares beneficially owned by the
Limited Partnerships as described above and (ii) 203,070 Ordinary Shares
held in Managed Accounts, representing in the aggregate approximately
10.4% of the Ordinary Shares reported to be outstanding as of June 30,
1999 by the Company (or, approximately 9.7% assuming full exchange by
the former shareholders of Lanacom, Inc. of their shares of BackWeb
Canada, Inc. as described in the Prospectus). Goldman Sachs and GS Group
disclaim beneficial ownership of (i) the Ordinary Shares beneficially
owned by the Limited Partnerships to the extent of partnership interests
in the Limited Partnerships held by persons other than Goldman Sachs, GS
Group or their affiliates and (ii) the Ordinary Shares held in Managed
Accounts.
None of the Filing Persons or, to the knowledge of the Filing
Persons, any of the persons listed on Schedules I, II-A-i, II-A-ii, II-B
or II-C hereto, beneficially owns any Ordinary Shares other than as set
forth herein.
Subsection (b) of Item 5 is hereby amended in its entirety as follows:
(b) Each Filing Person shares the power to dispose or to direct
the disposition of Ordinary Shares beneficially owned by such Filing
Person as indicated in pages 2 through 23 above. The power to vote or
direct the vote of the Ordinary Shares beneficially owned by each Filing
Person as indicated in pages 2 through 23 above (other than those held
in Managed Accounts), is being transferred to the Voting Trustee
pursuant to the Voting Trust Agreement. The Limited Partnerships entered
into the Voting Trust Agreement dated as of July 1, 1999 pursuant to
which the 3,272,676 Ordinary Shares which Goldman Sachs and GS Group may
be deemed to beneficially own through the Limited Partnerships are being
deposited into the Voting Trust and transferred to United States Trust
Company of New York as voting trustee. Generally the Voting Trustee will
vote such Ordinary Shares with the majority of votes cast (not including
such Ordinary Shares) or, in certain circumstances, in proportion to the
votes cast (not including such Ordinary Shares) or abstain from voting.
26
<PAGE> 27
Subsection (c) of Item 5 is hereby amended to insert the following
paragraphs at the end thereof:
Except with respect to transactions effected by Goldman Sachs in its
capacity as an underwriter in the IPO (as further described in Item 6) and
transfers by the Limited Partnerships in connection with the Voting Trust
Agreement, Schedule III-A sets forth the transactions in the Ordinary
Shares which have been effected during the period from June 12, 1999
through July 1, 1999, all of which were effected in the ordinary course of
business of Goldman Sachs. The transactions in the Ordinary Shares,
described in Schedule III-A, were effected in the NASDAQ National Market.
The aggregate consideration (exclusive of commissions) for the Ordinary
Shares purchased during such period was $24,565,214.83.
Except with respect to transactions effected by Goldman Sachs in its
capacity as an underwriter in the IPO and transfers by the Limited
Partnerships in connection with the Voting Trust Agreement, and except as
set forth in Schedule III-A, no transactions in the Ordinary Shares were
effected by the Filing Persons, or, to the knowledge of any of the Filing
Persons, any of the persons listed on Schedules I, II-A-i, II-A-ii, II-B or
II-C hereto during the period from June 12, 1999 through July 1, 1999.
Subsection (d) of Item 5 is hereby amended to add the following sentence at
the end of the paragraph comprising such subsection:
Pursuant to the Voting Trust Agreement, the Voting Trustee is to deliver
any distributions (whether of cash, securities, or otherwise) received from
the Company to the Limited Partnerships beneficially owning the Ordinary
Shares subject to the Voting Trust, except that any distribution of voting
securities of the Company will not be delivered and will become subject to
the Voting Trust.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to the Securities of the Issuer.
Item 6 is hereby amended to insert the following paragraph between the
fourth and fifth paragraphs of such Item:
Voting Trust Agreement. On July 1, 1999, the Limited Partnerships
entered into the Voting Trust Agreement, dated as of July 1, 1999, with
United States Trust Company of New York as voting trustee. Pursuant to the
Voting Trust Agreement, the Limited Partnerships agreed to transfer the
Ordinary Shares beneficially owned by them to the Voting Trustee as trustee
for the Voting Trust. The Limited Partnerships retain full discretion to
transfer the Ordinary Shares subject to the Voting Trust as well as all
economic rights pertaining to such Ordinary Shares, but, so long as such
Ordinary Shares are beneficially owned by any of the Limited Partnerships,
Goldman Sachs, GS Group or any affiliate of any Limited Partnership,
Goldman Sachs, or GS Group, the Voting Trustee is obligated to vote such
shares with the majority vote cast of all other Ordinary Shares or, in
certain circumstances, in proportion to the vote cast of all other Ordinary
Shares or to abstain from voting. The Voting Trust is irrevocable and
perpetual in duration unless terminated in limited circumstances, including
most transfers, bankruptcy of the Company, and if the aggregate percentage
ownership interest in the Company of the Limited Partnerships, Goldman
Sachs and GS Group drops below 5%, among others.
27
<PAGE> 28
Item 7 Material to be Filed as Exhibits.
<TABLE>
<CAPTION>
Exhibit No. Exhibit
- ----------- -------
<S> <C>
99.1* Fourth Amended and Restated Rights Agreement
99.2* Underwriting Agreement
99.3* Form of Lock-Up Agreement
99.4* Joint Filing Agreement
99.5* Power of Attorney, dated December 21, 1998, relating to Goldman,
Sachs & Co.
99.6* Power of Attorney, dated May 7, 1999, relating to The Goldman
Sachs Group, Inc.
99.7* Power of Attorney, dated December 31, 1998, relating to GS
Capital Partners II, L.P.
99.8* Power of Attorney, dated December 28, 1998, relating to GS
Capital Partners II Offshore, L.P.
99.9* Power of Attorney, dated December 21, 1998, relating to GS
Capital Partners II (Germany) Civil Law Partnership.
99.10* Power of Attorney, dated December 28, 1998, relating to GS
Advisors, L.P.
99.11* Power of Attorney, dated December 28, 1998, relating to GS
Advisors II (Cayman), L.P.
99.12* Power of Attorney, dated May 26, 1999, relating to Goldman, Sachs
& Co. oHG
99.13* Power of Attorney, dated December 28, 1998, relating to Stone
Street Fund 1996, L.P.
99.14* Power of Attorney, dated December 28, 1998, relating to Bridge
Street Fund 1996, L.P.
99.15* Power of Attorney, dated December 28, 1998, relating to Stone
Street Empire Corp.
99.16 Voting Trust Agreement.
</TABLE>
- -----------------
* Previously filed.
28
<PAGE> 29
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: July 12, 1999
THE GOLDMAN SACHS GROUP, INC.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS ADVISORS, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS II, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS ADVISORS II (CAYMAN), L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
29
<PAGE> 30
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET EMPIRE CORP.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET FUND 1996, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
BRIDGE STREET FUND 1996, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO. OHG
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
30
<PAGE> 31
GS CAPITAL PARTNERS II (GERMANY) CIVIL
LAW PARTNERSHIP (with limitation of
liability)
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
31
<PAGE> 32
Index to Exhibits
<TABLE>
<CAPTION>
Exhibit No. Exhibit
- ----------- -------
<S> <C>
99.1* Fourth Amended and Restated Rights Agreement
99.2* Underwriting Agreement
99.3* Form of Lock-Up Agreement
99.4* Joint Filing Agreement
99.5* Power of Attorney, dated December 21, 1998, relating to Goldman,
Sachs & Co.
99.6* Power of Attorney, dated May 7, 1999, relating to The Goldman
Sachs Group, Inc.
99.7* Power of Attorney, dated December 31, 1998, relating to GS
Capital Partners II, L.P.
99.8* Power of Attorney, dated December 28, 1998, relating to GS
Capital Partners II Offshore, L.P.
99.9* Power of Attorney, dated December 21, 1998, relating to GS
Capital Partners II (Germany) Civil Law Partnership.
99.10* Power of Attorney, dated December 28, 1998, relating to GS
Advisors, L.P.
99.11* Power of Attorney, dated December 28, 1998, relating to GS
Advisors II (Cayman), L.P.
99.12* Power of Attorney, dated May 26, 1999, relating to Goldman, Sachs
& Co. oHG
99.13* Power of Attorney, dated December 28, 1998, relating to Stone
Street Fund 1996, L.P.
99.14* Power of Attorney, dated December 28, 1998, relating to Bridge
Street Fund 1996, L.P.
99.15* Power of Attorney, dated December 28, 1998, relating to Stone
Street Empire Corp.
99.16 Voting Trust Agreement.
</TABLE>
- -----------------
* Previously filed.
<PAGE> 1
Exhibit (99.16)
VOTING TRUST AGREEMENT
THIS VOTING TRUST AGREEMENT, dated as of July 1, 1999 (this
"Agreement"), by and among United States Trust Company of New York, as voting
trustee (together with any successors, the "Voting Trustee"), GS Capital
Partners II, L.P., GS Capital Partners II Offshore, L.P., Goldman, Sachs & Co.
Verwaltungs GmbH, Stone Street Fund 1996, L.P., and Bridge Street Fund 1996,
L.P. (each a "Shareholder", and collectively, the "Shareholders"), and GS
Capital Partners II, L.P., as shareholders' representative (the "Shareholders'
Representative").
W I T N E S S E T H :
WHEREAS, each Shareholder deems it to be in its best interest
to assign, transfer and vest the voting power of the number of ordinary shares
("Voting Stock") of BackWeb Technologies Ltd., a corporation organized under the
laws of Israel, (the "Company") indicated on Schedule 1 hereto opposite the name
of each such Shareholder in the Voting Trustee in accordance with the terms of
this Agreement;
WHEREAS, each Shareholder intends to deposit such shares of
Voting Stock owned by such person in the voting trust created by this
instrument; and
WHEREAS, each Shareholder desires to appoint GS Capital
Partners II, L.P. as its agent with respect to certain matters contained in this
Agreement;
NOW, THEREFORE, in consideration of the foregoing and of the
mutual covenants herein contained, a voting trust with respect to such shares of
Voting Stock being hereby created and established subject to the following terms
and conditions (the "Voting Trust"), it is hereto expressly agreed as follows:
SECTION 1. Registration of Voting Trust Stock. Each
Shareholder agrees to deposit with the Voting Trustee the certificates
representing the shares of Voting Stock indicated on Schedule 1 opposite the
name of such Shareholder together with a duly executed share transfer deed
conveying such shares to the Voting Trustee, with all transfer tax stamps
affixed, if required, who shall hold such shares as shareholder of record
subject to the terms of this Agreement. The Voting Trustee shall present each
such share transfer deed to the Company's transfer agent (the "Transfer Agent")
for registration of the Voting Trustee in the Company's Registry of Members as
shareholder of record (such shares of Voting Stock and any other shares of
Voting Stock or other voting securities of the Company that may in the future be
deposited in the Voting Trust being the "Voting Trust Stock"). The Voting
Trustee shall have the Transfer Agent record in the Company's Registry of
Members that the shares of Voting Trust Stock transferred or issued to the
Voting Trustee were transferred or issued pursuant to this Agreement.
SECTION 2. Stock Certificates. (a) On all certificates
representing Voting Trust Stock, in addition to any legend required pursuant to
any other agreement, the following legend shall conspicuously appear:
<PAGE> 2
"The ordinary shares evidenced by this certificate (a) are
subject to certain restrictions contained in (i) the Voting Trust
Agreement, dated as of July 1, 1999, among United States Trust Company
of New York, as Voting Trustee, GS Capital Partners II, L.P., GS
Capital Partners II Offshore, L.P., Goldman, Sachs & Co. Verwaltungs
GmbH, Stone Street Fund 1996, L.P., and Bridge Street Fund 1996, L.P.,
as shareholders, and GS Capital Partners II, L.P., as Shareholders'
Representative, as such agreement may be amended, supplemented or
otherwise modified from time to time (the "Voting Trust Agreement"),
and (ii) the Memorandum of Association and Articles of Association of
BackWeb Technologies Ltd. (the "Company") and (b) are subject to the
Voting Trust Agreement. By accepting this certificate, the holder
hereof agrees to be bound by all of the provisions of such agreement
and instruments, which agreement and instruments are available for
inspection by the holder hereof at the principal office of the Company
in Israel during regular business hours."
(b) Upon withdrawal of shares of Voting Trust Stock from the
Voting Trust in accordance with Section 8(c) or Section 14 of this Agreement or
otherwise, the certificates representing such shares shall be delivered to the
Transfer Agent in exchange for new certificates without the legend set forth in
subsection (a) of this Section, and such new certificates shall be delivered to
the Voting Trustee for prompt delivery to the holder of the corresponding Voting
Trust Certificates pursuant to Section 8(c).
SECTION 3. Issuance of Voting Trust Certificates. (a) Promptly
after the deposit of shares by the Shareholders with the Voting Trustee as
provided in Section 1 hereof, the Voting Trustee shall issue and deliver to each
of the Shareholders voting trust certificates substantially in the form set
forth in Exhibit A annexed hereto (each such certificate, a "Voting Trust
Certificate"), the terms of which exhibit are herein incorporated by reference,
for the shares deposited with and transferred to the Voting Trustee. Each Voting
Trust Certificate issued pursuant to the provisions hereof shall be transferable
only pursuant to Section 14(a) hereof, and each Shareholder hereby agrees not to
otherwise transfer any Voting Trust Certificate held by it. Except as otherwise
provided herein, all options, rights of purchase and other powers and
privileges, including all registration rights, all economic rights and benefits
and all transfer rights, affecting the Voting Trust Stock represented by a
Voting Trust Certificate shall attach to such Voting Trust Certificate.
(b) The Voting Trustee shall keep a record on its books of the
name and address of each holder of a Voting Trust Certificate and the number of
shares of Voting Trust Stock beneficially owned by such holder.
(c) Should any Voting Trust Certificate be mutilated or be
lost, destroyed or stolen, the Voting Trustee may, in its uncontrolled
discretion, issue and deliver in exchange therefor and upon cancellation of such
mutilated certificate or in lieu of such lost, destroyed or stolen certificate a
new Voting Trust Certificate representing the same number of shares, upon
production of evidence of such loss, destruction or theft, satisfactory to the
Voting Trustee and upon receipt of indemnity satisfactory to him.
2
<PAGE> 3
SECTION 4. Voting of the Voting Trust Stock. (a) The Voting
Trustee shall have the exclusive right to exercise, in person or by its nominees
or proxies or by written consent, all voting rights and powers, including
without limitation those granted under the Israeli Companies Ordinance or any
successor statute (the "ICO"), in respect of or otherwise pertaining to all
Voting Trust Stock deposited hereunder, and to take part in, or consent to, any
corporate or shareholder action of any kind whatsoever permissible under the ICO
(including, without limitation, calling such meetings and taking such other
actions as may be permitted under the Company's Memorandum of Association and
Articles of Association), in all such cases subject to the provisions of this
Agreement.
(b) The holders of the Voting Trust Certificates agree that
(i) in voting the Voting Trust Stock in accordance with the provisions of this
Agreement, the Voting Trustee shall incur no liability except for its own gross
negligence or willful misconduct and (ii) to the fullest extent permitted by
law, neither the Voting Trustee nor any employee or agent of the Voting Trustee
shall be liable for the consequences of any vote cast, or consent given by the
Voting Trustee, or any other action taken or omitted to be taken by the Voting
Trustee, in good faith, except for any liability resulting from its gross
negligence or willful misconduct.
(c) The Voting Trustee shall vote the Voting Trust Stock with
the majority vote of all shares, other than Voting Trust Stock, actually cast on
the particular matter, except:
(i) with respect to the election of members of the board of
directors of the Company, the Voting Trust Stock shall be voted on a
pro rata basis proportionate to all other votes actually cast in such
election;
(ii) with respect to matters subject to the provisions of
Section 96(36) of the ICO requiring approval by a specified percentage
of disinterested shareholders, or the equivalent section of any
successor statute, the Voting Trustee shall abstain from voting the
Voting Trust Stock;
(iii) with respect to any matters that under current or future
Israeli law or under the Articles of Association of the Company require
approval by (A) a supermajority of shareholder votes actually cast, (B)
a majority or supermajority of all outstanding shares, or (C) a
majority or supermajority of all outstanding shares of a particular
class which class includes the Voting Trust Stock, the Voting Trust
Stock shall be voted on a pro rata basis proportionate to all other
votes actually cast; and
(iv) with respect to any other matters not covered by (i),
(ii) or (iii) above that under current or future Israeli law require
approval by a class of outstanding shares of the Company which class
includes the Voting Trust Stock, the Voting Trust Stock shall be voted
with the majority of all shares of such class, other than Voting Trust
Stock, actually voting on the particular matter.
3
<PAGE> 4
(d) The Voting Trustee shall take all necessary action to
ensure that the Voting Trust Stock is represented at all shareholder meetings of
the Company such that the Voting Trust Stock is counted as present for purposes
of determining the existence of a quorum at such meeting under the ICO, provided
however that this subsection (d) shall not obligate the Voting Trustee to vote
on any matter.
SECTION 5. Dividends, Etc. (a) Except as provided by Section 8
of this Agreement, the Voting Trustee shall receive and hold, subject to the
terms of this Agreement, certificates for shares of Voting Stock of the Company
as well as any other securities entitled to vote issued by way of dividend,
stock split, split-up, reorganization, merger, consolidation or any other change
or adjustment upon or with respect to the Voting Trust Stock and shall issue and
deliver Voting Trust Certificates therefor to the registered holders of Voting
Trust Certificates in proportion to their holdings of Voting Trust Certificates
as shown on the books of the Voting Trustee.
(b) The Voting Trustee shall distribute all cash dividends
declared and paid on the Voting Trust Stock and any other securities not
entitled to vote declared and delivered on the shares held by it hereunder to
the registered holders of the Voting Trust Certificates in proportion to their
respective interest therein as shown on the books of the Voting Trustee.
SECTION 6. Subscription. In the event any shares or other
securities of the Company are offered for subscription to the holders of the
shares held by the Voting Trustee, the Voting Trustee shall promptly upon
receipt of notice of said offer mail a copy thereof to each registered Voting
Trust Certificate holder. Provided the Voting Trustee receives in due time a
request from such registered Voting Trust Certificate holders to subscribe for
such shares or other securities together with a certified or cashiers' check for
the requisite sum of money for the subscription of such shares or other
securities, the Voting Trustee shall make such subscription and payment and,
upon receipt from the Company of the certificates for shares or other securities
so subscribed for, the Voting Trustee shall issue to such holders a Voting Trust
Certificate in respect thereof, if the same are Voting Stock or other voting
securities of the Company, but if the same are securities other than Voting
Stock or other voting securities of the Company, the Voting Trustee shall
deliver such securities to the registered Voting Trust Certificate holder on
whose behalf the subscription was made.
SECTION 7. Successor Voting Trustee. (a) The Voting Trustee
may, at any time, resign by giving written notice to the registered holders of
the Voting Trust Certificates to take effect 30 days thereafter or upon prior
acceptance thereof by the registered holders of the Voting Trust Certificates.
(b) In the event of resignation of the Voting Trustee, the
successor Voting Trustee shall be such person as may be designated by the
holders of Voting Trust Certificates representing a majority of the Voting Trust
Stock.
(c) Notwithstanding the provisions of Section 7(b) hereof, no
person designated as a successor Voting Trustee shall serve as a Voting Trustee
hereunder until such person has agreed in writing to be bound by the obligations
contained in this Agreement whereupon such successor Voting
4
<PAGE> 5
Trustee shall succeed to and become vested with all the rights, powers,
privileges and duties of a Voting Trustee under this Agreement.
SECTION 8. Termination. (a) This Agreement shall become
effective upon the date hereof and continue in effect until terminated according
to subsection (b) of this Section or until all Voting Trust Stock has been
withdrawn from the Voting Trust pursuant to this Agreement.
(b) This Agreement may not be terminated and the Voting Trust
shall be irrevocable (and any attempt to revoke the Voting Trust shall
constitute a breach of this Agreement) set forth in subsection (a) of this
Section, except as follows:
(i) the Voting Trust shall be revoked and this Agreement shall
terminate if, at the written request of the Shareholders'
Representative, a majority of the board of directors of the Company
votes to revoke the Voting Trust and terminate this Agreement provided
that such majority must include Mr. Joseph Gleberman if he is a member
of the board of directors at the time of the vote;
(ii) upon the sale, assignment or other transfer of Voting
Trust Stock to someone other than Goldman, Sachs & Co., an affiliate of
Goldman, Sachs & Co., a Shareholder or an affiliate of a Shareholder
(for purposes of this Agreement, "affiliate" shall mean any person who,
as determined by the Shareholders' Representative, directly or
indirectly, controls, is controlled by or is under common control with
a Shareholder or affiliate thereof, and "control" shall mean the
ability to direct the actions and policies of that person through
ownership or otherwise), then as to such transferred shares the Voting
Trust shall be revoked and this Agreement shall terminate, and the
relevant Voting Trust Certificates shall immediately be surrendered to
the Voting Trustee in exchange for their corresponding shares of Voting
Trust Stock in accordance with subsection (c) of this Section;
(iii) the Voting Trust shall be revoked and this Agreement
shall terminate upon the written request of the Shareholders'
Representative delivered to the Voting Trustee and the other holders of
Voting Trust Certificates in the event any of the following occurs:
(A) the Company files for bankruptcy or otherwise
voluntarily seeks protection from creditors, or is adjudged to
be insolvent or is subject to an involuntary petition in
bankruptcy not dismissed within 60 days;
(B) a proposal is submitted to the shareholders of
the Company to approve a merger or other business combination
in which holders of Voting Trust Certificates will receive
securities issued by someone other than the Company;
(C) if the Voting Trust Stock represents less than 5%
of the issued and outstanding Voting Stock; or
5
<PAGE> 6
(D) Mr. Joseph Gleberman shall cease to be a member
of the Company's board of directors.
(c) Upon the termination of this Agreement or upon the
withdrawal of shares from the Voting Trust as provided in this Agreement, the
Voting Trustee shall promptly act to comply with Section 2(b) hereof, and, in
exchange for and upon surrender of the Voting Trust Certificates, shall deliver
to the respective holders thereof or with respect to shares so withdrawn, as the
case may be, the new certificates for shares of the Company received from the
Transfer Agent together with a duly executed share transfer deed conveying such
shares in exchange for such Voting Trust Certificates; provided, however, that
prior to delivery of such certificates by the Voting Trustee, the holders of the
Voting Trust Certificates shall deposit with the Voting Trustee the cost of any
stamp tax or other tax payable in connection with the transfer of shares.
SECTION 9. Compensation. The Voting Trustee shall be paid an
initial fee of US$7,500 on the date hereof and an annual fee of US$7,500 in
advance on the date hereof and each anniversary thereafter until this Agreement
is terminated or a successor Voting Trustee is appointed pursuant to Section 7
hereof. In addition, the Voting Trustee shall have the right to incur and pay
such reasonable expenses and disbursements and to employ such counsel as it may
deem necessary and proper in the performance of its duties hereunder. Any and
all such fees, expenses or disbursements incurred shall be charged pro rata to
the holders of the Voting Trust Certificates and each of such holders agrees to
assume and pay its pro rata share of such charges and expenses.
SECTION 10. Concerning the Voting Trustee.
(a) The Voting Trustee shall have all requisite power,
authority and discretion as shall be necessary or appropriate to enable it to
take all such actions as such Voting Trustee is required to take pursuant to
this Agreement. Except as otherwise provided in Section 4(b) hereof, the Voting
Trustee shall have no liability hereunder except for its own gross negligence or
willful misconduct.
(b) The Voting Trustee may consult with any counsel, banker,
broker, accountant or other professional adviser satisfactory to it and the
written opinion of such person shall be full and complete authorization and
protection in respect of any reasonable action taken, omitted to be taken or
suffered by him hereunder in good faith and in accordance with such opinion.
(c) The Voting Trustee shall be protected and shall incur no
liability for, or in respect of, any action taken or omitted to be taken or
anything suffered by him in reliance upon any notice, direction, consent,
certificate, affidavit, statement or other paper or document reasonably believed
by him to be genuine and to have been presented or signed by the proper parties.
(d) The Voting Trustee shall be obligated to perform such
duties and only such duties as are herein specifically set forth, and no implied
duties or obligations shall be read into this Agreement. The Voting Trustee
shall not be under any obligation (i) to take any action hereunder which may
tend to involve him in any expense or liability for which, in its reasonable
opinion, the Voting
6
<PAGE> 7
Trustee believes it will not be reimbursed and (ii) to give a bond or other
security for the faithful performance of its duties as such.
(e) Nothing herein contained shall disqualify the Voting
Trustee from dealing or contracting with the Company or any of its subsidiaries
with respect to any matter or thing whatsoever. The Voting Trustee, any
affiliate of the Voting Trustee, or any firm of which the Voting Trustee may be
a member and any corporation of which the Voting Trustee may be a shareholder,
director or officer, as the case may be, may deal and contract with the Company
or any of its subsidiaries with respect to any matter or thing and be or become
interested in a matter or transaction in which the Company or any of its
subsidiaries has an interest, and the Voting Trustee or such other person, as
the case may be, shall not be responsible to the Company or any of its
subsidiaries or to any shareholder thereof for any profit realized by, from or
through any such transaction or contract.
SECTION 11. Indemnification.
(a) The holders of the Voting Trust Certificates, jointly and
severally, covenant and agree to indemnify and hold harmless the Voting Trustee
and its directors, officers, employees and agents (each an "Indemnified Party"),
without duplication, from and against any and all claims, damages, losses,
liabilities, obligations, actions, suits, costs, disbursements and expenses
(including reasonable fees and expenses of counsel) incurred by any Indemnified
Party arising out of, from, or in conjunction with the Voting Trustee's
execution of or performance or inaction under this Agreement, except to the
extent such claim, damage, loss, liability, obligation, action, suit, cost,
disbursement or expense is found in a final, non-appealable judgment by a court
of competent jurisdiction to have resulted from such Indemnified Party's gross
negligence or willful misconduct.
(b) The indemnities set forth in this Section shall be in
addition to any other obligations or liabilities of the holders of the Voting
Trust Certificates hereunder or at common law or otherwise and shall survive the
termination of this Agreement.
SECTION 12. Other Obligations of the Voting Trustee and the
Company.
(a) The Voting Trustee shall file a copy of this Agreement in
the principal office of the Company in Israel. The Company shall keep such copy
open to the inspection of any shareholder of the Company, or any beneficiary of
the Voting Trust, daily during business hours at such principal office.
(b) The Voting Trustee shall give written notice to the
holders of the Voting Trust Certificates if a meeting of the Company's
shareholders is called at which the Voting Trustee shall be asked to vote, or if
in lieu of such meeting the Voting Trustee shall be asked to act by written
consent, on any corporate action requiring approval of the Company's
shareholders. Such notification shall be delivered immediately after the Voting
Trustee receives notice of any such meeting of the Company's shareholders or any
such proposed action by written consent. Such notification need not be given by
the
7
<PAGE> 8
Voting Trustee to any holder of a Voting Trust Certificate who also owns other
shares of Voting Stock and is thereby entitled to such notice directly from the
Company.
SECTION 13. Shareholders' Representative. The Shareholders and
each of them hereby appoint the Shareholders' Representative as their agent to
act with respect to certain matters set forth in this Agreement, and the
Shareholders' Representative hereby accepts such appointment. The Shareholders'
Representative shall have no liability hereunder to the Shareholders or any of
them for any action taken or inaction by it with respect to this Agreement.
SECTION 14. Transfer of Voting Trust Certificates and Voting
Trust Stock. (a) Voting Trust Certificates are non-transferable except to
Goldman, Sachs & Co., an affiliate of Goldman, Sachs & Co., a Shareholder, or an
affiliate of a Shareholder, provided that any such transferee first becomes a
party to this Agreement, and provided further that no such transfer shall be
effective unless, if requested by the Voting Trustee, the transferor, at its own
expense, provides the Voting Trustee with a written opinion of legal counsel
reasonably acceptable to the Voting Trustee that such transfer does not violate
the securities laws of the United States of America or of any State thereof. In
the event of any transfer pursuant to this subsection (a) of this Section, the
Voting Trust Stock represented by the transferred Voting Trust Certificates
shall at all times remain subject to the Voting Trust and this Agreement.
(b) Each Shareholder shall have the right to sell, transfer,
pledge or otherwise dispose of the Voting Trust Stock beneficially owned by such
Shareholder represented by its Voting Trust Certificates provided however that
no transfer of Voting Trust Stock to Goldman, Sachs & Co., any affiliate of
Goldman, Sachs & Co., any Shareholder or any affiliate of a Shareholder, shall
be effective unless such transferee first becomes a party to this Agreement and
provided further that such transfer shall not constitute a withdrawal of such
Voting Trust Stock from the Voting Trust and such Voting Trust Stock shall
continue to be subject to the Voting Trust and this Agreement. Upon any transfer
(other than a transfer to Goldman, Sachs & Co., any affiliate of Goldman, Sachs
& Co., any Shareholder or any affiliate of a Shareholder) pursuant to this
subsection (b) purporting to transfer the Shareholder's entire interest in the
relevant shares of Voting Trust Stock whether by sale, gift or foreclosure or
otherwise, such shares shall be withdrawn from the Voting Trust and the
provisions of Section 2(b) and Section 8(c) shall apply, and thereafter this
Agreement shall terminate as concerning such Voting Trust Stock (and such
withdrawn shares shall no longer be considered Voting Trust Stock for purposes
of this Agreement).
SECTION 15. Amendments. This Agreement may not be amended,
supplemented or otherwise modified except in a writing signed by or on behalf of
the Voting Trustee and the Shareholders' Representative. If this Agreement shall
be amended, the Voting Trustee shall file a copy of the instrument effecting
such amendment in the principal office of the Company in Israel.
SECTION 16. Notices. All notices, consents, approvals and
other communications given or made pursuant hereto shall be in writing and shall
be (a) delivered personally against receipt thereof, (b) sent by overnight
courier, (c) transmitted by telecopier or (d) sent by registered or certified
mail
8
<PAGE> 9
(postage prepaid, return receipt requested), in each case to the parties at the
following addresses (or at such other address for a party as shall be specified
by like notice):
(a) if to the Voting Trustee:
United States Trust Company of New York
114 West 47th Street, 25th Floor
New York, NY 10036
United States of America
Tel: (212) 852-1673
Fax: (212) 852-1627
Attention: Corporate Business Unit
(b) if to the holder of a Voting Trust Certificate, to such
holder at the address appearing on the record of beneficial owners
maintained by Voting Trustee or to such other address as may be
specified from time to time by written notice given to the Voting
Trustee by such holder; and
(c) if to the Shareholders' Representative:
GS Capital Partners II, L.P.
85 Broad Street
New York, NY 10004
United States of America
Tel.: (212) 902-1000
Fax: (212) 902-3000
Attention: Ben Adler
(d) if to the Company:
BackWeb Technologies Ltd.
c/o BackWeb Technologies, Inc.
2077 Gateway Place, Suite 500
San Jose, California 95110
United States of America
Tel: (408) 933-1765
Fax: (408) 933-1800
Attention: Hanan Miron
Chief Financial Officer
9
<PAGE> 10
(e) if to the Transfer Agent:
American Stock Transfer & Trust
40 Wall Street
New York, NY 10005
Tel: (718) 921-8217
Fax: (718) 236-4588
Attention: Susan Silber
All such notices, consents, approvals and other communications
shall be deemed to have been given on (x) the date of receipt if delivered
personally or by overnight courier, (y) the date of transmission with
confirmation answerback if transmitted by telecopier and if received during
business hours at the place of receipt, otherwise the next business day or (z)
the second day following posting if transmitted by mail unless addressed to the
Company in which case the seventh day following posting.
SECTION 17. Severability. If any provision of this Agreement
shall be held to be invalid, illegal or unenforceable, in whole or in part,
under the laws of Israel, such invalidity, illegality or enforceability shall
not in any way whatsoever affect the validity of the other provisions of this
Agreement and such other provisions shall remain in full force and effect.
SECTION 18. Counterparts. This Agreement may be executed in
two or more counter parts, each of which shall be deemed to be an original, but
all of which together shall constitute one and the same instrument. One or more
counterparts of this document may be delivered via telecopier, with the
intention that they shall have the same effect as an original, executed
counterpart hereof.
SECTION 19. Company Agreement. The Company agrees to use its
reasonable efforts to cause the Transfer Agent to record in the Company's
Registry of Members transfers of shares permissible or required hereunder and
deliver new stock certificates pursuant to Section 2(b) of this Agreement. The
Company shall maintain a copy of this Agreement at its principal place of
business in Israel for inspection by shareholders or beneficiaries of the Voting
Trust during regular business hours.
SECTION 20. Governing Law. This Agreement shall be governed
by, and construed in accordance with, the laws of Israel, regardless of the laws
that might be applied under applicable principles of conflicts of laws.
SECTION 21. Jurisdiction. The Voting Trustee and the
Shareholders and each of them (the "Submitting Parties"), to the extent not
already subject to such jurisdiction, hereby irrevocably submit to the
non-exclusive jurisdiction of any New York or United States federal court
sitting in the Borough of Manhattan, New York City, New York, United States of
America, and any appellate court therefrom, over any suit, action or proceeding
brought by any Submitting Party arising out of or based upon this Agreement.
Each of the Submitting Parties waives any objection to any such suit, action or
proceeding in such courts whether on the grounds of venue, residence or domicile
or on the ground that such proceeding has been brought in an inconvenient forum.
10
<PAGE> 11
IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the day and year first above written.
GS CAPITAL PARTNERS II. L.P.,
as shareholder and as Shareholders' Representative
By: /s/ EVE M. GERRIETS
-------------------------------------
Name: EVE M. GERRIETS
Title: V.P.
GS CAPITAL PARTNERS II OFFSHORE, L.P.,
as shareholder
By: /s/ EVE M. GERRIETS
-------------------------------------
Name: EVE M. GERRIETS
Title: V.P.
GOLDMAN, SACHS & CO. VERWALTUNGS GMBH,
as shareholder
And By: /s/ RICHARD A. FRIEDMAN
------------------
Managing Director
By: /s/ EVE M. GERRIETS
-------------------------------------
Name: EVE M. GERRIETS
Title: Registered Agent
STONE STREET FUND 1996, L.P., as shareholder
By: STONESTREET EMPIRE CORP.
-------------------------------------
GENERAL PARTNER
By: /s/ EVE M. GERRIETS
-------------------------------------
Name: EVE M. GERRIETS
Title: V.P.
BRIDGE STREET FUND 1996, L.P., as shareholder
By: STONESTREET EMPIRE CORP.
-------------------------------------
GENERAL PARTNER
By: /s/ EVE M. GERRIETS
-------------------------------------
Name: EVE M. GERRIETS
Title: V.P.
11
<PAGE> 12
UNITED STATES TRUST COMPANY OF NEW YORK,
as Voting Trustee
By: /s/ GERARD F. GANEY
-------------------------------------
Name: Gerard F. Ganey
Title: Senior Vice President
BackWeb Technologies Ltd. hereby agrees to the provisions of Section 8(b)(i) and
Section 19 of this Agreement and solely for such purpose has duly executed this
agreement on the date first above written.
BACKWEB TECHNOLOGIES LTD.
By:
--------------------------------
Name:
Title:
12
<PAGE> 13
UNITED STATES TRUST COMPANY OF NEW YORK,
as Voting Trustee
By:
-------------------------------------
Name:
Title:
BackWeb Technologies Ltd. hereby agrees to the provisions of Section 8(b)(i) and
Section 19 of this Agreement and solely for such purpose has duly executed this
agreement on the date first above written.
BACKWEB TECHNOLOGIES LTD.
By: /s/ HANAN MIRON
--------------------------------
Name: Hanan Miron
Title: CFO
12
<PAGE> 14
SCHEDULE 1
TO THE
VOTING TRUST AGREEMENT
<TABLE>
<CAPTION>
Shares of Voting Ordinary
Shares Deposited with Percentage of
Shareholder the Voting Trustee Outstanding Ordinary Shares
----------- ------------------ ---------------------------
<S> <C> <C>
GS Capital Partners II, L.P. 1,955,591 5.45%
GS Capital Partners II
Offshore, L.P. 777,427 2.17%
Goldman, Sachs & Co.
Verwaltungs GmbH 72,132 0.20%
Stone Street Fund 1996, L.P. 278,594 0.78%
Bridge Street Fund 1996, L.P. 188,932 0.53%
--------- ----
Total 3,272,676 9.12%
========= ====
</TABLE>
Percentages may not sum due to rounding.
<PAGE> 15
EXHIBIT A
TO THE
VOTING TRUST AGREEMENT
Form of
Voting Trust Certificate
Certificate No.
THE ORDINARY SHARES EVIDENCED BY THIS CERTIFICATE (A) ARE SUBJECT
TO CERTAIN RESTRICTIONS CONTAINED IN (I) THE VOTING TRUST AGREEMENT, DATED AS OF
JULY 1, 1999, AMONG UNITED STATES TRUST COMPANY OF NEW YORK, AS VOTING TRUSTEE,
GS CAPITAL PARTNERS II, L.P., GS CAPITAL PARTNERS II OFFSHORE, L.P., GOLDMAN,
SACHS & CO. VERWALTUNGS GMBH, STONE STREET FUND 1996, L.P., BRIDGE STREET FUND
1996, L.P., AS SHAREHOLDERS, AND GS CAPITAL PARTNERS II, AS SHAREHOLDERS'
REPRESENTATIVE, AS SUCH AGREEMENT MAY BE AMENDED, SUPPLEMENTED OR OTHERWISE
MODIFIED FROM TIME TO TIME (THE "VOTING TRUST AGREEMENT"), AND (II) THE
MEMORANDUM OF ASSOCIATION AND ARTICLES OF ASSOCIATION OF BACKWEB TECHNOLOGIES
LTD. (THE "COMPANY") AND (B) ARE SUBJECT TO THE VOTING TRUST AGREEMENT. BY
ACCEPTING THIS CERTIFICATE, THE HOLDER HEREOF AGREES TO BE BOUND BY ALL OF THE
PROVISIONS OF SUCH AGREEMENT AND INSTRUMENTS, WHICH AGREEMENT AND INSTRUMENTS
ARE AVAILABLE FOR INSPECTION BY THE HOLDER HEREOF AT THE PRINCIPAL OFFICE OF THE
COMPANY IN ISRAEL DURING REGULAR BUSINESS HOURS.
THIS VOTING TRUST CERTIFICATE IS NOT TRANSFERABLE EXCEPT IN
CERTAIN LIMITED CIRCUMSTANCES DESCRIBED IN THE VOTING TRUST AGREEMENT.
<PAGE> 16
Voting Trust Certificate
for
____ (__) shares of Ordinary Shares
NIS 0.03 nominal value per share
of
BackWeb Technologies Ltd.,
an Israeli corporation
THIS IS TO CERTIFY THAT, upon the termination of a certain Voting
Trust established by a Voting Trust Agreement, dated as of July 1, 1999 (the
"Agreement"), by and among United States Trust Company of New York, as Voting
Trustee, GS Capital Partners II, L.P., GS Capital Partners II Offshore, L.P.,
Goldman, Sachs & Co. Verwaltungs GmbH, Stone Street Fund 1996, L.P., and Bridge
Street Fund 1996, L.P., as shareholders, and GS Capital Partners II, L.P., as
Shareholders' Representative pursuant to which this certificate has been issued,
____________, as the registered holder of this certificate will be entitled to
receive certificates for the shares hereinabove specified (the "Shares"),
expressed to be fully paid and nonassessable, and to be listed on the Registry
of Members of BackWeb Technologies Ltd. (the "Company") as the shareholder of
record with respect to the Shares. Prior to the actual delivery of such
certificate, the Voting Trustee, with respect to any and all of the Shares,
shall possess and be entitled to exercise, in the manner and to the extent
provided in the Agreement, all of the rights of every kind of the holder of this
certificate, including the right to vote and to take part in, or to consent to
any corporate or shareholders' action, it being expressly stipulated that no
right to vote, or take part in, or to consent to any corporate or shareholders'
action, shall pass by, or under, this certificate. Prior to the termination of
the Agreement, the registered holder of this certificate shall be entitled to
receive any dividends or other distributions of cash or other property or
securities, other than Voting Stock (as defined in the Agreement) and other
voting securities of the Company, if any, collected by the Voting Trustee upon a
like number of the Shares standing in its name.
This certificate (i) is not transferable in limited circumstances
set forth in Section 14(a) of the Voting Trust Agreement and (ii) is not valid
unless signed by the Voting Trustee. The holder hereof, by accepting this
certificate, manifests its consent that the undersigned Voting Trustee may treat
the registered holder hereof as the true owner for all purposes.
<PAGE> 17
2
IN WITNESS WHEREOF, the undersigned Voting Trustee has caused this
certificate to be signed as of the [____] day of [_______], 1999.
[__________________],
not in its individual capacity
but solely as Voting Trustee
By:
--------------------------------
Name:
<PAGE> 18
SCHEDULE I
----------
No change.
<PAGE> 19
SCHEDULE II-A-i
---------------
No change.
<PAGE> 20
SCHEDULE II-A-ii
----------------
No change.
<PAGE> 21
SCHEDULE II-B
-------------
No change.
<PAGE> 22
SCHEDULE II-C
-------------
No change.
<PAGE> 23
SCHEDULE III
------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NO CHANGE
</TABLE>
<PAGE> 24
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
300 19.87500 23-Jun-99 28-Jun-99
500 26.75000 30-Jun-99 6-Jul-99
500 15.87500 14-Jun-99 17-Jun-99
500 15.75000 14-Jun-99 17-Jun-99
1,600 15.87500 14-Jun-99 17-Jun-99
4,900 16.86230 14-Jun-99 17-Jun-99
1,000 15.75000 14-Jun-99 17-Jun-99
1,100 15.87500 14-Jun-99 17-Jun-99
5,000 17.00000 14-Jun-99 17-Jun-99
6,500 17.00000 14-Jun-99 17-Jun-99
1,600 15.87500 14-Jun-99 17-Jun-99
250 16.75000 14-Jun-99 17-Jun-99
1,000 17.00000 14-Jun-99 17-Jun-99
400 16.50000 14-Jun-99 17-Jun-99
1,000 15.62500 14-Jun-99 17-Jun-99
100 15.95500 14-Jun-99 17-Jun-99
500 16.73750 14-Jun-99 17-Jun-99
1,000 15.62500 14-Jun-99 17-Jun-99
1,900 16.75000 14-Jun-99 17-Jun-99
200 15.37500 14-Jun-99 17-Jun-99
21,200 15.87500 14-Jun-99 17-Jun-99
3,000 16.50000 14-Jun-99 17-Jun-99
800 15.95500 14-Jun-99 17-Jun-99
1,000 15.75000 14-Jun-99 17-Jun-99
4,000 16.50000 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
600 15.12500 14-Jun-99 17-Jun-99
500 15.87500 14-Jun-99 17-Jun-99
7,900 15.87500 14-Jun-99 17-Jun-99
1,000 16.87500 14-Jun-99 17-Jun-99
1,600 15.95500 14-Jun-99 17-Jun-99
500 15.75000 14-Jun-99 17-Jun-99
2,000 15.87500 14-Jun-99 17-Jun-99
1,100 16.75000 14-Jun-99 17-Jun-99
4,200 15.95500 14-Jun-99 17-Jun-99
500 15.67500 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
4,000 15.87500 14-Jun-99 17-Jun-99
600 17.00000 14-Jun-99 17-Jun-99
2,000 15.87500 14-Jun-99 17-Jun-99
1,000 15.75000 14-Jun-99 17-Jun-99
7,600 15.95500 14-Jun-99 17-Jun-99
6,700 16.86230 14-Jun-99 17-Jun-99
500 16.87500 14-Jun-99 17-Jun-99
100 17.00000 14-Jun-99 17-Jun-99
</TABLE>
<PAGE> 25
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 17.00000 14-Jun-99 17-Jun-99
1,600 15.87500 14-Jun-99 17-Jun-99
500 15.87500 14-Jun-99 17-Jun-99
5,200 15.95500 14-Jun-99 17-Jun-99
900 15.95500 14-Jun-99 17-Jun-99
1,500 15.87500 14-Jun-99 17-Jun-99
200 15.93750 14-Jun-99 17-Jun-99
450 16.87750 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
2,000 15.87500 14-Jun-99 17-Jun-99
200 16.00000 14-Jun-99 17-Jun-99
1,800 15.75000 14-Jun-99 17-Jun-99
6,000 16.86230 14-Jun-99 17-Jun-99
3,700 16.86230 14-Jun-99 17-Jun-99
1,000 15.62500 14-Jun-99 17-Jun-99
6,300 15.95500 14-Jun-99 17-Jun-99
16,500 15.95500 14-Jun-99 17-Jun-99
700 15.75000 14-Jun-99 17-Jun-99
2,000 15.87500 14-Jun-99 17-Jun-99
3,400 15.87500 14-Jun-99 17-Jun-99
2,100 15.75000 14-Jun-99 17-Jun-99
900 15.87500 14-Jun-99 17-Jun-99
1,000 16.75000 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
40,300 15.95500 14-Jun-99 17-Jun-99
4,000 15.94970 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
1,800 15.94970 14-Jun-99 17-Jun-99
5,000 15.75000 14-Jun-99 17-Jun-99
1,000 16.75000 14-Jun-99 17-Jun-99
1,000 17.00000 14-Jun-99 17-Jun-99
300 16.75000 14-Jun-99 17-Jun-99
1,900 15.87500 14-Jun-99 17-Jun-99
400 15.12500 14-Jun-99 17-Jun-99
400 17.00000 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
200 15.29500 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
700 15.95500 14-Jun-99 17-Jun-99
200 16.37500 14-Jun-99 17-Jun-99
800 15.87500 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
100 15.81250 14-Jun-99 17-Jun-99
200 15.37500 14-Jun-99 17-Jun-99
1,800 16.86230 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
100 15.87500 14-Jun-99 17-Jun-99
1,500 15.75000 14-Jun-99 17-Jun-99
500 15.75000 14-Jun-99 17-Jun-99
1,000 16.87500 14-Jun-99 17-Jun-99
3,600 15.87500 14-Jun-99 17-Jun-99
700 15.25000 14-Jun-99 17-Jun-99
1,100 15.87500 14-Jun-99 17-Jun-99
1,000 16.83750 14-Jun-99 17-Jun-99
1,600 15.94970 14-Jun-99 17-Jun-99
100 15.87500 14-Jun-99 17-Jun-99
</TABLE>
<PAGE> 26
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
5,000 15.87500 14-Jun-99 17-Jun-99
2,200 15.87500 14-Jun-99 17-Jun-99
2,000 15.75000 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
5,500 17.03400 14-Jun-99 17-Jun-99
1,000 16.75000 14-Jun-99 17-Jun-99
400 15.12500 14-Jun-99 17-Jun-99
300 17.00000 14-Jun-99 17-Jun-99
4,700 15.87500 14-Jun-99 17-Jun-99
10,800 15.95500 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
2,000 16.50000 14-Jun-99 17-Jun-99
400 15.95500 14-Jun-99 17-Jun-99
100 15.75000 14-Jun-99 17-Jun-99
2,000 15.87500 14-Jun-99 17-Jun-99
1,500 15.87500 14-Jun-99 17-Jun-99
1,000 16.83750 14-Jun-99 17-Jun-99
200 16.75000 14-Jun-99 17-Jun-99
5,300 15.75000 14-Jun-99 17-Jun-99
5,000 15.87500 14-Jun-99 17-Jun-99
5,000 16.86230 14-Jun-99 17-Jun-99
1,000 15.75000 14-Jun-99 17-Jun-99
1,500 16.86230 14-Jun-99 17-Jun-99
700 15.87500 14-Jun-99 17-Jun-99
74,100 15.94970 14-Jun-99 17-Jun-99
5,000 15.87500 14-Jun-99 17-Jun-99
200 15.75000 14-Jun-99 17-Jun-99
2,000 16.50000 14-Jun-99 17-Jun-99
100 15.81250 14-Jun-99 17-Jun-99
600 17.00000 14-Jun-99 17-Jun-99
500 15.87500 14-Jun-99 17-Jun-99
300 15.62500 14-Jun-99 17-Jun-99
5,000 15.87500 14-Jun-99 17-Jun-99
2,400 15.87500 14-Jun-99 17-Jun-99
1,000 15.75000 14-Jun-99 17-Jun-99
100 15.75000 14-Jun-99 17-Jun-99
2,000 15.75000 14-Jun-99 17-Jun-99
400 15.95500 14-Jun-99 17-Jun-99
3,000 15.56000 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
5,400 15.95500 14-Jun-99 17-Jun-99
3,400 16.86230 14-Jun-99 17-Jun-99
4,000 17.00000 14-Jun-99 17-Jun-99
100 15.81250 14-Jun-99 17-Jun-99
1,000 15.75000 14-Jun-99 17-Jun-99
100 15.68750 14-Jun-99 17-Jun-99
400 15.87500 14-Jun-99 17-Jun-99
200 16.50000 14-Jun-99 17-Jun-99
100 15.75000 14-Jun-99 17-Jun-99
500 16.75000 14-Jun-99 17-Jun-99
600 16.87500 14-Jun-99 17-Jun-99
400 17.00000 14-Jun-99 17-Jun-99
4,700 15.87500 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
2,000 15.87500 14-Jun-99 17-Jun-99
1,000 15.87500 14-Jun-99 17-Jun-99
</TABLE>
<PAGE> 27
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 16.50000 14-Jun-99 17-Jun-99
1,000 15.75000 14-Jun-99 17-Jun-99
1,300 16.31250 14-Jun-99 17-Jun-99
10,000 15.62500 14-Jun-99 17-Jun-99
1,700 15.87500 14-Jun-99 17-Jun-99
2,000 16.75000 14-Jun-99 17-Jun-99
5,000 15.87500 14-Jun-99 17-Jun-99
8,100 15.87500 14-Jun-99 17-Jun-99
2,600 16.86230 14-Jun-99 17-Jun-99
1,000 16.75000 14-Jun-99 17-Jun-99
5,000 15.75000 14-Jun-99 17-Jun-99
500 15.94970 14-Jun-99 17-Jun-99
600 15.95500 14-Jun-99 17-Jun-99
1,000 15.75000 14-Jun-99 17-Jun-99
6,800 16.86230 14-Jun-99 17-Jun-99
1,000 15.68750 14-Jun-99 17-Jun-99
200 15.95500 14-Jun-99 17-Jun-99
1,400 15.62500 14-Jun-99 17-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
1,900 15.81250 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
1,000 15.87500 15-Jun-99 18-Jun-99
400 15.85340 15-Jun-99 18-Jun-99
100 15.92000 15-Jun-99 18-Jun-99
4,400 15.93750 15-Jun-99 18-Jun-99
6,100 15.85340 15-Jun-99 18-Jun-99
300 15.97300 15-Jun-99 18-Jun-99
1,000 15.87500 15-Jun-99 18-Jun-99
200 15.85340 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.81250 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
200 15.62500 15-Jun-99 18-Jun-99
22,900 15.85340 15-Jun-99 18-Jun-99
1,400 15.62500 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
5,000 15.87500 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
2,500 15.87500 15-Jun-99 18-Jun-99
1,500 15.87500 15-Jun-99 18-Jun-99
800 15.72500 15-Jun-99 18-Jun-99
4,600 15.93750 15-Jun-99 18-Jun-99
135 15.07170 15-Jun-99 18-Jun-99
500 16.04000 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
</TABLE>
<PAGE> 28
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 15.80500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
9,400 15.85340 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
1,800 15.97300 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
150 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
200 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
4,300 15.85340 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
165 15.20640 15-Jun-99 18-Jun-99
900 15.97300 15-Jun-99 18-Jun-99
600 15.97300 15-Jun-99 18-Jun-99
500 15.85340 15-Jun-99 18-Jun-99
3,000 15.93750 15-Jun-99 18-Jun-99
1,000 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
400 15.87500 15-Jun-99 18-Jun-99
200 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
400 15.87500 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
150 15.50000 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
700 15.72500 15-Jun-99 18-Jun-99
1,000 15.62500 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
1,600 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
2,000 15.93750 15-Jun-99 18-Jun-99
1,000 15.93750 15-Jun-99 18-Jun-99
700 15.72500 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
100 15.93750 15-Jun-99 18-Jun-99
500 15.81250 15-Jun-99 18-Jun-99
2,000 15.87500 15-Jun-99 18-Jun-99
1,000 15.87500 15-Jun-99 18-Jun-99
1,000 15.72500 15-Jun-99 18-Jun-99
1,000 15.93750 15-Jun-99 18-Jun-99
500 15.81250 15-Jun-99 18-Jun-99
1,100 15.87500 15-Jun-99 18-Jun-99
2,400 15.85340 15-Jun-99 18-Jun-99
400 15.85340 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
2,400 15.81250 15-Jun-99 18-Jun-99
100 15.85340 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
</TABLE>
<PAGE> 29
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,700 15.87500 15-Jun-99 18-Jun-99
300 15.85340 15-Jun-99 18-Jun-99
400 15.62500 15-Jun-99 18-Jun-99
3,100 15.85340 15-Jun-99 18-Jun-99
1,800 15.87500 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
1,000 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
3,400 15.87500 15-Jun-99 18-Jun-99
1,100 15.87500 15-Jun-99 18-Jun-99
500 15.62500 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
200 16.37500 15-Jun-99 18-Jun-99
200 15.87500 15-Jun-99 18-Jun-99
750 15.62500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
400 15.62500 15-Jun-99 15-Jun-99
300 15.85340 15-Jun-99 18-Jun-99
800 15.72500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
33,400 15.97300 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
200 15.87500 15-Jun-99 18-Jun-99
13,000 15.50000 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
400 15.87500 15-Jun-99 18-Jun-99
1,500 15.81250 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
100 15.14580 15-Jun-99 18-Jun-99
900 15.93750 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
1,500 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
3,000 15.85340 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
200 15.87500 15-Jun-99 18-Jun-99
100 15.85340 15-Jun-99 18-Jun-99
1,000 16.12500 15-Jun-99 18-Jun-99
1,000 15.72500 15-Jun-99 18-Jun-99
900 15.85340 15-Jun-99 18-Jun-99
3,600 15.85340 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
2,000 15.81250 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
400 16.25000 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
2,100 15.87500 15-Jun-99 18-Jun-99
</TABLE>
<PAGE> 30
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
50 15.87500 15-Jun-99 18-Jun-99
200 15.87500 15-Jun-99 18-Jun-99
5,000 16.25000 15-Jun-99 18-Jun-99
500 16.25000 16-Jun-99 21-Jun-99
1,200 16.12500 16-Jun-99 21-Jun-99
100 18.00000 16-Jun-99 21-Jun-99
1,300 16.12500 16-Jun-99 21-Jun-99
500 15.80500 16-Jun-99 21-Jun-99
300 16.12500 16-Jun-99 21-Jun-99
2,300 16.12500 16-Jun-99 21-Jun-99
900 16.12500 16-Jun-99 21-Jun-99
100 16.12500 16-Jun-99 21-Jun-99
200 16.68750 16-Jun-99 21-Jun-99
1,000 17.93750 16-Jun-99 21-Jun-99
30,000 16.38390 16-Jun-99 21-Jun-99
200 17.87500 16-Jun-99 21-Jun-99
500 15.92000 16-Jun-99 21-Jun-99
50,000 17.84500 16-Jun-99 21-Jun-99
1,600 16.12500 16-Jun-99 21-Jun-99
3,300 17.87500 16-Jun-99 21-Jun-99
200 18.00000 16-Jun-99 21-Jun-99
500 18.37500 16-Jun-99 21-Jun-99
100 16.12500 16-Jun-99 21-Jun-99
200 18.00000 16-Jun-99 21-Jun-99
500 18.00000 16-Jun-99 21-Jun-99
50 16.56250 16-Jun-99 21-Jun-99
200 16.81250 16-Jun-99 21-Jun-99
50 16.56250 16-Jun-99 21-Jun-99
100 16.81250 16-Jun-99 21-Jun-99
200 16.68750 16-Jun-99 21-Jun-99
300 16.87500 16-Jun-99 21-Jun-99
10,000 17.25000 16-Jun-99 21-Jun-99
8,500 16.12500 16-Jun-99 21-Jun-99
6,000 17.93750 16-Jun-99 21-Jun-99
1,000 18.25000 16-Jun-99 21-Jun-99
50 16.56250 16-Jun-99 21-Jun-99
1,600 15.87500 16-Jun-99 21-Jun-99
200 17.93750 16-Jun-99 21-Jun-99
100 17.37500 16-Jun-99 21-Jun-99
200 16.12500 16-Jun-99 21-Jun-99
19,400 16.12500 16-Jun-99 21-Jun-99
3,500 16.12500 16-Jun-99 21-Jun-99
1,250 17.12500 16-Jun-99 21-Jun-99
65 16.50000 16-Jun-99 21-Jun-99
1,100 17.50000 16-Jun-99 21-Jun-99
200 17.37500 16-Jun-99 21-Jun-99
2,000 17.87500 16-Jun-99 21-Jun-99
1,100 16.12500 16-Jun-99 21-Jun-99
500 17.81250 16-Jun-99 21-Jun-99
100 16.12500 16-Jun-99 21-Jun-99
100 16.12500 16-Jun-99 21-Jun-99
700 17.50000 16-Jun-99 21-Jun-99
1,300 16.50000 16-Jun-99 21-Jun-99
300 15.87500 16-Jun-99 21-Jun-99
100 18.37500 16-Jun-99 21-Jun-99
300 16.87500 16-Jun-99 21-Jun-99
100 16.12500 16-Jun-99 21-Jun-99
</TABLE>
<PAGE> 31
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 17.93750 16-Jun-99 21-Jun-99
300 16.87500 16-Jun-99 21-Jun-99
1,000 17.87500 16-Jun-99 21-Jun-99
100 17.08000 16-Jun-99 21-Jun-99
100 16.68750 16-Jun-99 21-Jun-99
1,600 17.81250 16-Jun-99 21-Jun-99
100 16.12500 16-Jun-99 21-Jun-99
200 17.12500 16-Jun-99 21-Jun-99
3,200 16.31250 16-Jun-99 21-Jun-99
500 18.37500 16-Jun-99 21-Jun-99
100 17.08000 16-Jun-99 21-Jun-99
200 16.25000 16-Jun-99 21-Jun-99
300 17.93750 16-Jun-99 21-Jun-99
200 16.81250 16-Jun-99 21-Jun-99
100 17.87500 16-Jun-99 21-Jun-99
200 18.37500 16-Jun-99 21-Jun-99
1,000 16.37500 16-Jun-99 21-Jun-99
1,100 16.12500 16-Jun-99 21-Jun-99
100 18.00000 16-Jun-99 21-Jun-99
100 16.12500 16-Jun-99 21-Jun-99
400 16.68750 16-Jun-99 21-Jun-99
200 17.87500 16-Jun-99 21-Jun-99
100 18.31250 16-Jun-99 21-Jun-99
300 16.87500 16-Jun-99 21-Jun-99
500 17.12500 16-Jun-99 21-Jun-99
100 17.08000 16-Jun-99 21-Jun-99
100 17.00000 16-Jun-99 21-Jun-99
800 17.93750 16-Jun-99 21-Jun-99
5,000 16.38390 16-Jun-99 21-Jun-99
100 16.81250 16-Jun-99 21-Jun-99
2,100 17.50000 16-Jun-99 21-Jun-99
2,500 17.93750 16-Jun-99 21-Jun-99
1,000 17.31250 16-Jun-99 21-Jun-99
100 17.08000 16-Jun-99 21-Jun-99
700 18.31250 16-Jun-99 21-Jun-99
1,200 17.31250 16-Jun-99 21-Jun-99
400 16.12500 16-Jun-99 21-Jun-99
500 16.75000 16-Jun-99 21-Jun-99
3,800 17.87500 16-Jun-99 21-Jun-99
100 17.08000 16-Jun-99 21-Jun-99
600 18.00000 16-Jun-99 21-Jun-99
17,200 17.42700 16-Jun-99 21-Jun-99
500 16.12500 16-Jun-99 21-Jun-99
1,500 17.08000 16-Jun-99 21-Jun-99
50 16.56250 16-Jun-99 21-Jun-99
100 18.25000 16-Jun-99 21-Jun-99
100 17.37500 16-Jun-99 21-Jun-99
1,000 17.87500 16-Jun-99 21-Jun-99
350 16.75000 16-Jun-99 21-Jun-99
100 17.08000 16-Jun-99 21-Jun-99
2,000 17.87500 16-Jun-99 21-Jun-99
1,200 17.31250 16-Jun-99 21-Jun-99
700 16.37500 16-Jun-99 21-Jun-99
250 16.00000 16-Jun-99 21-Jun-99
100 17.37500 16-Jun-99 21-Jun-99
200 18.00000 16-Jun-99 21-Jun-99
200 17.81250 16-Jun-99 21-Jun-99
</TABLE>
<PAGE> 32
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 16.81250 16-Jun-99 21-Jun-99
100 17.08000 16-Jun-99 21-Jun-99
100 17.08000 16-Jun-99 21-Jun-99
500 17.12500 16-Jun-99 21-Jun-99
500 17.08000 16-Jun-99 21-Jun-99
1,000 17.87500 16-Jun-99 21-Jun-99
2,000 17.25000 16-Jun-99 21-Jun-99
200 17.06250 16-Jun-99 21-Jun-99
900 16.37000 16-Jun-99 21-Jun-99
50 16.56250 16-Jun-99 21-Jun-99
200 15.87500 16-Jun-99 21-Jun-99
400 16.25000 16-Jun-99 21-Jun-99
100 17.50000 16-Jun-99 21-Jun-99
200 18.35937 16-Jun-99 21-Jun-99
1,000 16.75000 16-Jun-99 21-Jun-99
100 18.31250 16-Jun-99 21-Jun-99
800 16.50000 16-Jun-99 21-Jun-99
1,500 16.93750 16-Jun-99 21-Jun-99
100 18.00000 16-Jun-99 21-Jun-99
200 18.25000 16-Jun-99 21-Jun-99
50 16.56250 16-Jun-99 21-Jun-99
2,000 17.87500 16-Jun-99 21-Jun-99
800 17.42700 16-Jun-99 21-Jun-99
3,800 17.93750 16-Jun-99 21-Jun-99
400 17.87500 17-Jun-99 22-Jun-99
1,100 17.93750 17-Jun-99 22-Jun-99
100 17.87500 17-Jun-99 22-Jun-99
5,950 17.87500 17-Jun-99 22-Jun-99
3,000 17.93750 17-Jun-99 22-Jun-99
2,000 17.93750 17-Jun-99 22-Jun-99
34,000 17.87500 17-Jun-99 22-Jun-99
55 17.87500 17-Jun-99 22-Jun-99
1,000 17.87500 17-Jun-99 22-Jun-99
33,500 17.87500 17-Jun-99 22-Jun-99
900 18.00000 17-Jun-99 22-Jun-99
300 17.87500 17-Jun-99 22-Jun-99
700 17.93750 17-Jun-99 22-Jun-99
300 17.87500 17-Jun-99 22-Jun-99
112,500 17.87500 17-Jun-99 22-Jun-99
1,000 17.87500 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
600 18.00000 17-Jun-99 22-Jun-99
300 17.87500 17-Jun-99 22-Jun-99
200 17.87500 17-Jun-99 22-Jun-99
500 17.87500 17-Jun-99 22-Jun-99
3,100 17.93750 17-Jun-99 22-Jun-99
600 17.87500 17-Jun-99 22-Jun-99
4,000 17.87500 17-Jun-99 22-Jun-99
300 17.93750 17-Jun-99 22-Jun-99
500 17.87500 17-Jun-99 22-Jun-99
200 17.87500 17-Jun-99 22-Jun-99
250,000 17.99450 17-Jun-99 22-Jun-99
1,000 17.93750 17-Jun-99 22-Jun-99
1,000 17.81250 17-Jun-99 22-Jun-99
1,000 17.93750 17-Jun-99 22-Jun-99
300 17.87500 17-Jun-99 22-Jun-99
12,800 18.06730 17-Jun-99 22-Jun-99
</TABLE>
<PAGE> 33
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
300 17.93750 17-Jun-99 22-Jun-99
1,000 17.93750 17-Jun-99 22-Jun-99
300 17.87500 17-Jun-99 22-Jun-99
500 17.87500 17-Jun-99 22-Jun-99
3,000 17.87500 17-Jun-99 22-Jun-99
1,000 17.87500 17-Jun-99 22-Jun-99
6,800 17.87500 17-Jun-99 22-Jun-99
100 17.62500 17-Jun-99 22-Jun-99
500 17.87500 17-Jun-99 22-Jun-99
100 17.87500 17-Jun-99 22-Jun-99
300 17.87500 17-Jun-99 22-Jun-99
1,000 17.93750 17-Jun-99 22-Jun-99
200 17.87500 17-Jun-99 22-Jun-99
1,000 17.50000 17-Jun-99 22-Jun-99
100 17.87500 17-Jun-99 22-Jun-99
300 17.87500 17-Jun-99 22-Jun-99
500 18.00000 17-Jun-99 22-Jun-99
1,000 17.87500 17-Jun-99 22-Jun-99
100 17.87500 17-Jun-99 22-Jun-99
500 17.50000 17-Jun-99 22-Jun-99
1,000 17.93750 17-Jun-99 22-Jun-99
200 18.06730 17-Jun-99 22-Jun-99
1,000 17.93750 17-Jun-99 22-Jun-99
200 17.87500 17-Jun-99 22-Jun-99
500 17.52500 17-Jun-99 22-Jun-99
100 17.56250 17-Jun-99 22-Jun-99
700 17.93750 17-Jun-99 22-Jun-99
200 17.93750 17-Jun-99 22-Jun-99
300 17.87500 17-Jun-99 22-Jun-99
500 17.93750 17-Jun-99 22-Jun-99
500 17.87500 17-Jun-99 22-Jun-99
500 17.93750 17-Jun-99 22-Jun-99
100 17.87500 17-Jun-99 22-Jun-99
300 17.87500 17-Jun-99 22-Jun-99
800 17.87500 17-Jun-99 22-Jun-99
1,000 17.93750 17-Jun-99 22-Jun-99
200 17.87500 17-Jun-99 22-Jun-99
500 17.87500 17-Jun-99 22-Jun-99
500 17.87500 17-Jun-99 22-Jun-99
400 17.87500 17-Jun-99 22-Jun-99
1,200 17.87500 17-Jun-99 22-Jun-99
600 17.50000 17-Jun-99 22-Jun-99
900 17.87500 17-Jun-99 22-Jun-99
400 17.87500 17-Jun-99 22-Jun-99
800 17.87500 17-Jun-99 22-Jun-99
200 18.00000 17-Jun-99 22-Jun-99
600 17.87500 17-Jun-99 22-Jun-99
1,000 17.87500 17-Jun-99 22-Jun-99
100 17.87500 17-Jun-99 22-Jun-99
100 17.87500 17-Jun-99 22-Jun-99
700 17.93750 17-Jun-99 22-Jun-99
17,000 17.87500 17-Jun-99 22-Jun-99
300 17.59750 17-Jun-99 22-Jun-99
200 17.87500 17-Jun-99 22-Jun-99
400 17.87500 17-Jun-99 22-Jun-99
800 17.87500 17-Jun-99 22-Jun-99
2,000 18.43750 18-Jun-99 23-Jun-99
</TABLE>
<PAGE> 34
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
300 18.40000 18-Jun-99 23-Jun-99
1,000 17.75000 18-Jun-99 23-Jun-99
200 18.43750 18-Jun-99 23-Jun-99
2,000 18.62500 18-Jun-99 23-Jun-99
300 18.40000 18-Jun-99 23-Jun-99
200 18.00000 18-Jun-99 23-Jun-99
1,500 18.44000 18-Jun-99 23-Jun-99
900 18.44000 18-Jun-99 23-Jun-99
1,000 18.44000 18-Jun-99 23-Jun-99
900 18.43750 18-Jun-99 23-Jun-99
200 18.18750 18-Jun-99 23-Jun-99
850 18.43750 18-Jun-99 23-Jun-99
1,000 18.62500 18-Jun-99 23-Jun-99
15,000 18.56890 18-Jun-99 23-Jun-99
1,150 18.44000 18-Jun-99 23-Jun-99
200 18.18750 18-Jun-99 23-Jun-99
300 18.37500 18-Jun-99 23-Jun-99
400 18.75000 18-Jun-99 23-Jun-99
1,300 18.44000 18-Jun-99 23-Jun-99
200 18.37500 18-Jun-99 23-Jun-99
200 18.00000 18-Jun-99 23-Jun-99
7,500 18.44000 18-Jun-99 23-Jun-99
1,000 18.44000 18-Jun-99 23-Jun-99
700 18.62500 18-Jun-99 23-Jun-99
200 18.50000 18-Jun-99 23-Jun-99
250 18.43750 18-Jun-99 23-Jun-99
200 18.62500 18-Jun-99 23-Jun-99
1,200 18.50000 18-Jun-99 23-Jun-99
600 18.56890 18-Jun-99 23-Jun-99
1,150 18.44000 18-Jun-99 23-Jun-99
200 18.12500 18-Jun-99 23-Jun-99
200 18.62500 18-Jun-99 23-Jun-99
2,600 18.44000 18-Jun-99 23-Jun-99
1,000 18.43750 18-Jun-99 23-Jun-99
700 18.43880 18-Jun-99 23-Jun-99
2,000 18.43750 18-Jun-99 23-Jun-99
200 18.43750 18-Jun-99 23-Jun-99
200 18.31250 18-Jun-99 23-Jun-99
2,100 18.44000 18-Jun-99 23-Jun-99
250 18.25000 18-Jun-99 23-Jun-99
1,900 18.44000 18-Jun-99 23-Jun-99
2,900 18.44000 18-Jun-99 23-Jun-99
200 18.12500 18-Jun-99 23-Jun-99
1,000 18.75000 18-Jun-99 23-Jun-99
100 17.75000 18-Jun-99 23-Jun-99
400 18.40000 18-Jun-99 23-Jun-99
300 19.37500 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
400 19.43750 21-Jun-99 24-Jun-99
400 19.50000 21-Jun-99 24-Jun-99
500 19.16000 21-Jun-99 24-Jun-99
100 20.50000 21-Jun-99 24-Jun-99
500 19.37500 21-Jun-99 24-Jun-99
3,000 19.37500 21-Jun-99 24-Jun-99
250 19.37500 21-Jun-99 24-Jun-99
1,000 19.50000 21-Jun-99 24-Jun-99
100 20.50000 21-Jun-99 24-Jun-99
</TABLE>
<PAGE> 35
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
30,000 19.61740 21-Jun-99 24-Jun-99
200 19.50000 21-Jun-99 24-Jun-99
500 19.50000 21-Jun-99 24-Jun-99
150 19.50000 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
3,000 19.37500 21-Jun-99 24-Jun-99
300 19.50000 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
100 19.50000 21-Jun-99 24-Jun-99
200 19.50000 21-Jun-99 24-Jun-99
600 20.37500 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
150 20.50000 21-Jun-99 24-Jun-99
1,100 19.37500 21-Jun-99 24-Jun-99
400 19.43750 21-Jun-99 24-Jun-99
200 19.50000 21-Jun-99 24-Jun-99
200 20.81250 21-Jun-99 24-Jun-99
5,000 19.50000 21-Jun-99 24-Jun-99
1,000 19.50000 21-Jun-99 24-Jun-99
400 19.37500 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
600 19.37500 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
200 19.75000 21-Jun-99 24-Jun-99
1,000 19.75000 21-Jun-99 24-Jun-99
400 20.37500 21-Jun-99 24-Jun-99
200 20.87500 21-Jun-99 24-Jun-99
3,000 19.37500 21-Jun-99 24-Jun-99
200 19.37500 21-Jun-99 24-Jun-99
2,500 19.50000 21-Jun-99 24-Jun-99
700 20.50000 21-Jun-99 24-Jun-99
100 20.50000 21-Jun-99 24-Jun-99
1,000 19.25000 21-Jun-99 24-Jun-99
50 20.43750 21-Jun-99 24-Jun-99
1,000 20.75000 21-Jun-99 24-Jun-99
200 20.87500 21-Jun-99 24-Jun-99
100 20.37500 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
800 19.75000 21-Jun-99 24-Jun-99
800 20.62500 21-Jun-99 24-Jun-99
100 20.87500 21-Jun-99 24-Jun-99
200 19.37500 21-Jun-99 24-Jun-99
150 19.43750 21-Jun-99 24-Jun-99
100 19.43750 21-Jun-99 24-Jun-99
540 19.50000 21-Jun-99 24-Jun-99
300 19.02500 21-Jun-99 24-Jun-99
50 20.50000 21-Jun-99 24-Jun-99
300 20.87500 21-Jun-99 24-Jun-99
700 19.43750 21-Jun-99 24-Jun-99
1,000 20.87500 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
1,500 19.50000 21-Jun-99 24-Jun-99
2,000 19.37500 21-Jun-99 24-Jun-99
</TABLE>
<PAGE> 36
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 19.37500 21-Jun-99 24-Jun-99
300 20.37500 21-Jun-99 24-Jun-99
600 19.43750 21-Jun-99 24-Jun-99
1,000 20.87500 21-Jun-99 24-Jun-99
1,000 20.81250 21-Jun-99 24-Jun-99
5,400 19.50000 21-Jun-99 24-Jun-99
100 20.87500 21-Jun-99 24-Jun-99
200 20.50000 21-Jun-99 24-Jun-99
150 19.43750 21-Jun-99 24-Jun-99
300 19.43750 21-Jun-99 24-Jun-99
400 20.43750 21-Jun-99 24-Jun-99
300 19.37500 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
200 19.50000 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
500 19.17500 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
100 20.50000 21-Jun-99 24-Jun-99
100 20.37500 21-Jun-99 24-Jun-99
740 20.87500 21-Jun-99 24-Jun-99
150 19.50000 21-Jun-99 24-Jun-99
75,000 19.80170 21-Jun-99 24-Jun-99
1,000 20.25000 21-Jun-99 24-Jun-99
4,500 19.37500 21-Jun-99 24-Jun-99
5,000 19.37500 21-Jun-99 24-Jun-99
200 19.88000 21-Jun-99 24-Jun-99
10,000 19.37500 21-Jun-99 24-Jun-99
400 19.43750 21-Jun-99 24-Jun-99
300 19.37500 21-Jun-99 24-Jun-99
200 19.50000 21-Jun-99 24-Jun-99
500 20.81250 21-Jun-99 24-Jun-99
4,600 19.50000 21-Jun-99 24-Jun-99
200 19.50000 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
100 20.37500 21-Jun-99 24-Jun-99
200 20.87500 21-Jun-99 24-Jun-99
200 20.50000 21-Jun-99 24-Jun-99
100 20.62500 21-Jun-99 24-Jun-99
1,000 20.81250 21-Jun-99 24-Jun-99
100 19.25000 21-Jun-99 24-Jun-99
200 20.37500 21-Jun-99 24-Jun-99
100 20.75000 21-Jun-99 24-Jun-99
500 20.81250 21-Jun-99 24-Jun-99
1,500 20.75000 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
200 20.87500 21-Jun-99 24-Jun-99
1,800 19.37500 21-Jun-99 24-Jun-99
300 19.50000 21-Jun-99 24-Jun-99
1,000 19.75000 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
1,000 20.37500 21-Jun-99 24-Jun-99
900 20.37500 21-Jun-99 24-Jun-99
400 19.56250 21-Jun-99 24-Jun-99
800 19.50000 21-Jun-99 24-Jun-99
100 19.56250 21-Jun-99 24-Jun-99
9,300 19.50000 21-Jun-99 24-Jun-99
</TABLE>
<PAGE> 37
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 19.75000 21-Jun-99 24-Jun-99
1,200 19.50000 21-Jun-99 24-Jun-99
2,000 20.50000 21-Jun-99 24-Jun-99
100 20.62500 21-Jun-99 24-Jun-99
100 20.81250 21-Jun-99 24-Jun-99
1,200 19.17500 21-Jun-99 24-Jun-99
200 20.37500 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
2,100 19.37500 21-Jun-99 24-Jun-99
200 20.62500 21-Jun-99 24-Jun-99
4,300 19.50000 21-Jun-99 24-Jun-99
100 19.37500 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
60 20.75000 21-Jun-99 24-Jun-99
300 19.43750 21-Jun-99 24-Jun-99
2,000 20.50000 21-Jun-99 24-Jun-99
200 20.50000 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
800 20.50000 21-Jun-99 24-Jun-99
500 19.30000 21-Jun-99 24-Jun-99
400 19.50000 21-Jun-99 24-Jun-99
100 20.50000 21-Jun-99 24-Jun-99
2,000 19.37500 21-Jun-99 24-Jun-99
500 20.81250 21-Jun-99 24-Jun-99
500 19.17500 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
200 19.37500 21-Jun-99 24-Jun-99
1,000 19.50000 21-Jun-99 24-Jun-99
700 19.37500 21-Jun-99 24-Jun-99
1,000 19.50000 21-Jun-99 24-Jun-99
40,000 20.02280 21-Jun-99 24-Jun-99
200 20.37500 21-Jun-99 24-Jun-99
300 20.50000 21-Jun-99 24-Jun-99
700 19.43750 21-Jun-99 24-Jun-99
2,000 19.50000 21-Jun-99 24-Jun-99
10,000 19.37500 21-Jun-99 24-Jun-99
1,600 20.02280 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
1,000 20.50000 21-Jun-99 24-Jun-99
400 19.43750 21-Jun-99 24-Jun-99
250 19.37500 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
400 19.37500 21-Jun-99 24-Jun-99
1,000 20.81250 21-Jun-99 24-Jun-99
200 20.84375 21-Jun-99 24-Jun-99
150 19.50000 21-Jun-99 24-Jun-99
1,000 19.37500 21-Jun-99 24-Jun-99
400 20.87500 21-Jun-99 24-Jun-99
250 19.37500 21-Jun-99 24-Jun-99
1,000 19.50000 21-Jun-99 24-Jun-99
500 20.81250 21-Jun-99 24-Jun-99
2,000 19.37500 21-Jun-99 24-Jun-99
200 19.50000 21-Jun-99 24-Jun-99
1,000 19.50000 21-Jun-99 24-Jun-99
11,000 19.61740 21-Jun-99 24-Jun-99
300 20.75000 21-Jun-99 24-Jun-99
</TABLE>
<PAGE> 38
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,100 20.25000 22-Jun-99 25-Jun-99
400 19.87500 22-Jun-99 25-Jun-99
400 20.00000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
1,000 20.12500 22-Jun-99 25-Jun-99
4,600 20.31250 22-Jun-99 25-Jun-99
110 20.37500 22-Jun-99 25-Jun-99
1,000 19.87500 22-Jun-99 25-Jun-99
500 19.86250 22-Jun-99 25-Jun-99
200 20.00000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
500 20.06250 22-Jun-99 25-Jun-99
350 20.00000 22-Jun-99 25-Jun-99
2,500 20.06250 22-Jun-99 25-Jun-99
1,000 20.12500 22-Jun-99 25-Jun-99
200 20.50000 22-Jun-99 25-Jun-99
400 19.87500 22-Jun-99 25-Jun-99
2,800 20.37500 22-Jun-99 25-Jun-99
1,019 20.00000 22-Jun-99 25-Jun-99
600 20.37500 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
500 20.06250 22-Jun-99 25-Jun-99
1,200 20.50000 22-Jun-99 25-Jun-99
1,000 20.06250 22-Jun-99 25-Jun-99
100 20.25000 22-Jun-99 25-Jun-99
1,500 20.00000 22-Jun-99 25-Jun-99
100 20.62500 22-Jun-99 25-Jun-99
100 19.87500 22-Jun-99 25-Jun-99
500 20.06250 22-Jun-99 25-Jun-99
200 20.00000 22-Jun-99 25-Jun-99
1,600 19.87500 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
1,600 20.00000 22-Jun-99 25-Jun-99
500 20.00000 22-Jun-99 25-Jun-99
300 20.00000 22-Jun-99 25-Jun-99
400 20.37500 22-Jun-99 25-Jun-99
100 19.50000 22-Jun-99 25-Jun-99
500 20.06250 22-Jun-99 25-Jun-99
100 19.50000 22-Jun-99 25-Jun-99
200 19.75000 22-Jun-99 25-Jun-99
100 20.12500 22-Jun-99 25-Jun-99
100 20.12500 22-Jun-99 25-Jun-99
50,000 20.24380 22-Jun-99 25-Jun-99
200 20.18750 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
1,000 20.05000 22-Jun-99 25-Jun-99
1,000 20.18750 22-Jun-99 25-Jun-99
400 20.31250 22-Jun-99 25-Jun-99
100 19.50000 22-Jun-99 25-Jun-99
500 20.00000 22-Jun-99 25-Jun-99
500 20.25000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
200 20.00000 22-Jun-99 25-Jun-99
100 20.43750 22-Jun-99 25-Jun-99
400 20.25000 22-Jun-99 25-Jun-99
100 20.50000 22-Jun-99 22-Jun-99
600 20.00000 22-Jun-99 25-Jun-99
</TABLE>
<PAGE> 39
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
2,000 20.12500 22-Jun-99 25-Jun-99
2,500 20.18750 22-Jun-99 25-Jun-99
400 20.00000 22-Jun-99 25-Jun-99
200 19.75000 22-Jun-99 25-Jun-99
100 20.25000 22-Jun-99 25-Jun-99
400 20.00000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
300 20.43750 22-Jun-99 25-Jun-99
5,000 20.00000 22-Jun-99 25-Jun-99
300 20.43750 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
200 20.25000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
500 20.00000 22-Jun-99 25-Jun-99
1,000 20.00000 22-Jun-99 25-Jun-99
500 20.06250 22-Jun-99 25-Jun-99
200 19.87500 22-Jun-99 25-Jun-99
500 20.00000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
1,000 20.43750 22-Jun-99 25-Jun-99
200 19.75000 22-Jun-99 25-Jun-99
1,700 20.00000 22-Jun-99 25-Jun-99
500 19.75000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
1,000 20.18750 22-Jun-99 25-Jun-99
500 20.25000 22-Jun-99 25-Jun-99
100 20.56250 22-Jun-99 22-Jun-99
1,000 20.00000 22-Jun-99 25-Jun-99
500 20.00000 22-Jun-99 25-Jun-99
1,300 19.87500 23-Jun-99 28-Jun-99
1,500 19.81250 23-Jun-99 28-Jun-99
2,000 19.81250 23-Jun-99 28-Jun-99
300 19.81250 23-Jun-99 28-Jun-99
500 19.62500 23-Jun-99 28-Jun-99
100 19.62500 23-Jun-99 28-Jun-99
500 19.62500 23-Jun-99 28-Jun-99
500 19.87500 23-Jun-99 28-Jun-99
500 19.81250 23-Jun-99 28-Jun-99
1,000 19.87500 23-Jun-99 28-Jun-99
300 19.81250 23-Jun-99 28-Jun-99
500 19.61250 23-Jun-99 28-Jun-99
100 19.81250 23-Jun-99 28-Jun-99
200 19.93750 23-Jun-99 28-Jun-99
400 19.75000 23-Jun-99 28-Jun-99
7,200 19.50000 23-Jun-99 28-Jun-99
200 19.79250 23-Jun-99 28-Jun-99
400 20.00000 23-Jun-99 28-Jun-99
400 19.50000 23-Jun-99 28-Jun-99
1,000 19.90000 23-Jun-99 28-Jun-99
200 19.87500 23-Jun-99 28-Jun-99
41,000 19.96110 23-Jun-99 28-Jun-99
200 19.79250 23-Jun-99 28-Jun-99
100 19.87500 23-Jun-99 28-Jun-99
1,900 19.50000 23-Jun-99 28-Jun-99
1,100 19.87500 23-Jun-99 28-Jun-99
400 19.87500 23-Jun-99 28-Jun-99
100 19.93750 23-Jun-99 28-Jun-99
</TABLE>
<PAGE> 40
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 19.87500 23-Jun-99 28-Jun-99
600 19.81250 23-Jun-99 28-Jun-99
100 20.00000 23-Jun-99 28-Jun-99
700 19.50000 23-Jun-99 28-Jun-99
100 19.87500 23-Jun-99 28-Jun-99
1,000 20.00000 23-Jun-99 28-Jun-99
100 19.87500 23-Jun-99 28-Jun-99
2,400 19.87500 23-Jun-99 28-Jun-99
300 19.87500 23-Jun-99 28-Jun-99
200 19.62500 23-Jun-99 28-Jun-99
5,000 19.96880 23-Jun-99 28-Jun-99
200 19.81250 23-Jun-99 28-Jun-99
400 19.62500 23-Jun-99 28-Jun-99
300 19.65000 23-Jun-99 28-Jun-99
800 19.87500 23-Jun-99 28-Jun-99
200 19.50000 23-Jun-99 28-Jun-99
1,000 19.81250 23-Jun-99 28-Jun-99
400 19.62500 23-Jun-99 28-Jun-99
500 19.62500 23-Jun-99 28-Jun-99
350 19.70000 23-Jun-99 28-Jun-99
400 19.87500 23-Jun-99 28-Jun-99
100 19.81250 23-Jun-99 28-Jun-99
300 19.65000 23-Jun-99 28-Jun-99
23,000 19.87500 23-Jun-99 28-Jun-99
300 19.12500 24-Jun-99 29-Jun-99
43 19.12500 24-Jun-99 29-Jun-99
100 20.50000 24-Jun-99 29-Jun-99
1,000 19.87500 24-Jun-99 29-Jun-99
1,300 19.77120 24-Jun-99 29-Jun-99
500 19.48750 24-Jun-99 29-Jun-99
1,000 20.25000 24-Jun-99 29-Jun-99
200 19.50000 24-Jun-99 29-Jun-99
1,000 20.50000 24-Jun-99 29-Jun-99
300 19.12500 24-Jun-99 29-Jun-99
27,100 19.77120 24-Jun-99 29-Jun-99
1,000 19.87500 24-Jun-99 29-Jun-99
600 20.25000 24-Jun-99 29-Jun-99
34,000 19.73160 24-Jun-99 29-Jun-99
100 19.77120 24-Jun-99 29-Jun-99
100 19.75000 24-Jun-99 29-Jun-99
200 19.31250 24-Jun-99 29-Jun-99
1,000 19.87500 24-Jun-99 29-Jun-99
500 20.25000 24-Jun-99 29-Jun-99
100 19.62500 24-Jun-99 29-Jun-99
300 20.25000 24-Jun-99 29-Jun-99
15,000 19.43750 24-Jun-99 29-Jun-99
100 19.77120 24-Jun-99 29-Jun-99
2,800 20.25000 24-Jun-99 29-Jun-99
500 19.87500 24-Jun-99 29-Jun-99
1,000 19.75000 24-Jun-99 29-Jun-99
400 20.25000 24-Jun-99 29-Jun-99
200 20.25000 24-Jun-99 29-Jun-99
200 20.50000 24-Jun-99 29-Jun-99
200 20.25000 24-Jun-99 29-Jun-99
1,000 19.87500 24-Jun-99 29-Jun-99
300 20.25000 24-Jun-99 29-Jun-99
1,000 19.77120 24-Jun-99 29-Jun-99
</TABLE>
<PAGE> 41
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
2,000 19.87500 24-Jun-99 29-Jun-99
1,000 19.87500 24-Jun-99 29-Jun-99
500 20.25000 24-Jun-99 29-Jun-99
1,000 19.12500 24-Jun-99 29-Jun-99
1,150 20.25000 24-Jun-99 29-Jun-99
200 19.06250 24-Jun-99 29-Jun-99
100 19.87500 24-Jun-99 29-Jun-99
200 20.50000 24-Jun-99 29-Jun-99
500 20.50000 24-Jun-99 29-Jun-99
900 19.87500 24-Jun-99 29-Jun-99
300 19.75000 24-Jun-99 29-Jun-99
200 20.25000 24-Jun-99 29-Jun-99
100 19.50000 24-Jun-99 29-Jun-99
500 19.25000 24-Jun-99 29-Jun-99
500 18.81250 24-Jun-99 29-Jun-99
1,000 18.87500 24-Jun-99 29-Jun-99
1,000 18.21250 25-Jun-99 30-Jun-99
1,300 18.31250 25-Jun-99 30-Jun-99
5,000 18.87500 25-Jun-99 30-Jun-99
400 18.56250 25-Jun-99 30-Jun-99
6,600 17.75000 25-Jun-99 30-Jun-99
200 18.37500 25-Jun-99 30-Jun-99
1,000 17.75000 25-Jun-99 30-Jun-99
1,500 18.18750 25-Jun-99 30-Jun-99
2,000 19.00000 25-Jun-99 30-Jun-99
1,000 17.87500 25-Jun-99 30-Jun-99
200 18.75000 25-Jun-99 30-Jun-99
200 18.87500 25-Jun-99 30-Jun-99
1,000 18.00000 25-Jun-99 30-Jun-99
4,600 18.87500 25-Jun-99 30-Jun-99
200 17.93750 25-Jun-99 30-Jun-99
2,000 18.00000 25-Jun-99 30-Jun-99
50 18.87500 25-Jun-99 30-Jun-99
300 18.18750 25-Jun-99 30-Jun-99
1,000 19.00000 25-Jun-99 30-Jun-99
1,900 18.56250 25-Jun-99 30-Jun-99
800 18.18750 25-Jun-99 30-Jun-99
500 18.56250 25-Jun-99 30-Jun-99
100 18.75000 25-Jun-99 30-Jun-99
1,000 17.50000 25-Jun-99 25-Jun-99
300 19.00000 25-Jun-99 30-Jun-99
100 19.00000 25-Jun-99 30-Jun-99
200 18.87500 25-Jun-99 30-Jun-99
100 18.00000 25-Jun-99 30-Jun-99
100 18.18750 25-Jun-99 30-Jun-99
1,000 17.62500 25-Jun-99 30-Jun-99
1,000 18.00000 25-Jun-99 30-Jun-99
200 18.31250 25-Jun-99 30-Jun-99
100 17.87500 25-Jun-99 30-Jun-99
200 18.00000 25-Jun-99 30-Jun-99
1,000 19.00000 25-Jun-99 30-Jun-99
300 18.56250 25-Jun-99 30-Jun-99
100 18.56250 25-Jun-99 30-Jun-99
1,500 18.18750 25-Jun-99 30-Jun-99
2,000 18.18750 25-Jun-99 30-Jun-99
100 18.00000 25-Jun-99 30-Jun-99
100 17.87500 25-Jun-99 30-Jun-99
</TABLE>
<PAGE> 42
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,200 18.18750 25-Jun-99 30-Jun-99
800 18.56250 25-Jun-99 30-Jun-99
100 18.25000 25-Jun-99 30-Jun-99
100 18.87500 25-Jun-99 30-Jun-99
2,000 19.00000 25-Jun-99 30-Jun-99
100 18.43750 25-Jun-99 30-Jun-99
100 19.00000 25-Jun-99 30-Jun-99
1,000 19.00000 25-Jun-99 30-Jun-99
1,000 19.00000 25-Jun-99 30-Jun-99
800 18.56250 25-Jun-99 30-Jun-99
100 18.37500 25-Jun-99 30-Jun-99
300 18.56250 25-Jun-99 30-Jun-99
19,100 19.06110 28-Jun-99 1-Jul-99
100 20.87500 28-Jun-99 1-Jul-99
5,000 21.00000 28-Jun-99 1-Jul-99
900 20.37500 28-Jun-99 1-Jul-99
1,200 20.58530 28-Jun-99 1-Jul-99
400 20.87500 28-Jun-99 1-Jul-99
600 20.00000 28-Jun-99 1-Jul-99
100 20.87500 28-Jun-99 1-Jul-99
1,000 19.00000 28-Jun-99 1-Jul-99
200 21.00000 28-Jun-99 1-Jul-99
1,000 21.00000 28-Jun-99 1-Jul-99
30,000 20.58530 28-Jun-99 1-Jul-99
100 20.32813 28-Jun-99 1-Jul-99
25,300 20.55970 28-Jun-99 1-Jul-99
1,000 19.87500 28-Jun-99 1-Jul-99
200 20.37500 28-Jun-99 1-Jul-99
1,000 20.87500 28-Jun-99 1-Jul-99
500 20.00000 28-Jun-99 1-Jul-99
200 20.00000 28-Jun-99 1-Jul-99
600 20.50000 28-Jun-99 1-Jul-99
100 20.93750 28-Jun-99 1-Jul-99
500 20.37500 28-Jun-99 1-Jul-99
1,000 19.87500 28-Jun-99 1-Jul-99
1,000 21.00000 28-Jun-99 1-Jul-99
1,000 20.43750 28-Jun-99 1-Jul-99
2,000 21.00000 28-Jun-99 1-Jul-99
500 19.00000 28-Jun-99 1-Jul-99
500 20.37500 28-Jun-99 1-Jul-99
1,000 20.56250 28-Jun-99 1-Jul-99
1,000 20.00000 28-Jun-99 1-Jul-99
1,000 21.00000 28-Jun-99 1-Jul-99
3,500 20.55970 28-Jun-99 1-Jul-99
200 20.25000 28-Jun-99 1-Jul-99
700 21.00000 28-Jun-99 1-Jul-99
20,000 19.06110 28-Jun-99 1-Jul-99
11,200 19.00000 28-Jun-99 1-Jul-99
200 20.93750 28-Jun-99 1-Jul-99
1,000 19.00000 28-Jun-99 1-Jul-99
900 20.00000 28-Jun-99 1-Jul-99
1,100 20.55970 28-Jun-99 1-Jul-99
1,000 20.50000 28-Jun-99 1-Jul-99
400 19.00000 28-Jun-99 1-Jul-99
15,000 18.93750 28-Jun-99 1-Jul-99
1,000 21.00000 28-Jun-99 1-Jul-99
200 20.55970 28-Jun-99 1-Jul-99
</TABLE>
<PAGE> 43
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 19.87500 28-Jun-99 1-Jul-99
100 19.37500 28-Jun-99 1-Jul-99
5,000 19.00000 28-Jun-99 1-Jul-99
300 20.12500 28-Jun-99 1-Jul-99
1,000 20.50000 28-Jun-99 1-Jul-99
600 20.87500 28-Jun-99 1-Jul-99
400 20.87500 28-Jun-99 1-Jul-99
300 20.00000 28-Jun-99 1-Jul-99
1,000 20.00000 28-Jun-99 1-Jul-99
500 20.87500 28-Jun-99 1-Jul-99
200 18.98000 28-Jun-99 1-Jul-99
1,000 20.50000 28-Jun-99 1-Jul-99
200 20.62500 28-Jun-99 1-Jul-99
1,000 20.37500 28-Jun-99 1-Jul-99
500 20.87500 28-Jun-99 1-Jul-99
500 20.50000 28-Jun-99 1-Jul-99
2,000 20.55970 28-Jun-99 1-Jul-99
1,000 20.37500 28-Jun-99 1-Jul-99
200 19.75000 28-Jun-99 1-Jul-99
700 21.00000 28-Jun-99 1-Jul-99
2,200 20.55970 28-Jun-99 1-Jul-99
13,636 18.97710 28-Jun-99 1-Jul-99
500 20.87500 28-Jun-99 1-Jul-99
500 19.12500 28-Jun-99 1-Jul-99
300 19.18750 28-Jun-99 1-Jul-99
400 19.00000 28-Jun-99 1-Jul-99
500 20.00000 28-Jun-99 1-Jul-99
300 19.00000 28-Jun-99 1-Jul-99
100 20.00000 28-Jun-99 1-Jul-99
10,700 20.55970 28-Jun-99 1-Jul-99
600 19.00000 28-Jun-99 1-Jul-99
1,000 20.00000 28-Jun-99 1-Jul-99
2,500 20.37500 28-Jun-99 1-Jul-99
200 19.12500 28-Jun-99 1-Jul-99
1,000 20.12500 28-Jun-99 1-Jul-99
500 20.43750 28-Jun-99 1-Jul-99
1,000 20.25000 28-Jun-99 1-Jul-99
1,150 20.12500 28-Jun-99 1-Jul-99
1,000 20.87500 28-Jun-99 1-Jul-99
1,350 20.12500 28-Jun-99 1-Jul-99
1,000 20.00000 28-Jun-99 1-Jul-99
1,000 20.43750 28-Jun-99 1-Jul-99
500 20.43750 28-Jun-99 1-Jul-99
1,000 20.37500 28-Jun-99 1-Jul-99
200 19.12500 28-Jun-99 1-Jul-99
200 20.62500 28-Jun-99 1-Jul-99
400 20.87500 28-Jun-99 1-Jul-99
400 20.12500 28-Jun-99 1-Jul-99
1,000 20.00000 28-Jun-99 1-Jul-99
1,000 20.00000 28-Jun-99 1-Jul-99
1,000 19.00000 28-Jun-99 1-Jul-99
600 21.00000 28-Jun-99 1-Jul-99
300 20.00000 28-Jun-99 1-Jul-99
400 19.00000 28-Jun-99 1-Jul-99
1,000 18.75000 28-Jun-99 1-Jul-99
100 21.00000 28-Jun-99 1-Jul-99
200 20.25000 28-Jun-99 1-Jul-99
</TABLE>
<PAGE> 44
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 20.00000 28-Jun-99 1-Jul-99
200 19.37500 28-Jun-99 1-Jul-99
700 19.87500 28-Jun-99 1-Jul-99
1,000 19.87500 28-Jun-99 1-Jul-99
900 20.87500 28-Jun-99 1-Jul-99
500 21.00000 28-Jun-99 1-Jul-99
1,000 19.87500 28-Jun-99 1-Jul-99
500 19.00000 28-Jun-99 1-Jul-99
40 20.18750 28-Jun-99 1-Jul-99
700 22.87500 29-Jun-99 2-Jul-99
100 22.81250 29-Jun-99 2-Jul-99
100 21.62500 29-Jun-99 2-Jul-99
100 22.87500 29-Jun-99 2-Jul-99
100 24.56250 29-Jun-99 2-Jul-99
500 23.50500 29-Jun-99 2-Jul-99
100 23.50000 29-Jun-99 2-Jul-99
200 23.12500 29-Jun-99 2-Jul-99
1,000 24.01870 29-Jun-99 2-Jul-99
1,000 23.50000 29-Jun-99 2-Jul-99
200 22.93750 29-Jun-99 2-Jul-99
100 23.50000 29-Jun-99 2-Jul-99
1,000 24.12500 29-Jun-99 2-Jul-99
1,800 22.50000 29-Jun-99 2-Jul-99
500 23.50000 29-Jun-99 2-Jul-99
200 22.50000 29-Jun-99 2-Jul-99
1,000 23.50000 29-Jun-99 2-Jul-99
400 23.37500 29-Jun-99 2-Jul-99
5,000 24.50000 29-Jun-99 2-Jul-99
1,250 20.39000 29-Jun-99 2-Jul-99
1,100 24.00000 29-Jun-99 2-Jul-99
200 22.68750 29-Jun-99 2-Jul-99
200 22.43750 29-Jun-99 2-Jul-99
100 24.12500 29-Jun-99 2-Jul-99
1,000 24.12500 29-Jun-99 2-Jul-99
280 20.14200 29-Jun-99 2-Jul-99
200 23.12500 29-Jun-99 2-Jul-99
1,000 20.50000 29-Jun-99 2-Jul-99
500 24.00000 29-Jun-99 2-Jul-99
300 24.12500 29-Jun-99 2-Jul-99
500 23.94370 29-Jun-99 2-Jul-99
200 20.93750 29-Jun-99 2-Jul-99
200 23.50000 29-Jun-99 2-Jul-99
100 23.75000 29-Jun-99 2-Jul-99
100 20.87500 29-Jun-99 2-Jul-99
300 23.31250 29-Jun-99 2-Jul-99
400 24.12500 29-Jun-99 2-Jul-99
400 23.89370 29-Jun-99 2-Jul-99
100 22.93750 29-Jun-99 2-Jul-99
100 22.62500 29-Jun-99 2-Jul-99
100 23.06250 29-Jun-99 2-Jul-99
2,500 22.87500 29-Jun-99 2-Jul-99
100 23.14370 29-Jun-99 2-Jul-99
200 21.37500 29-Jun-99 2-Jul-99
1,000 24.12500 29-Jun-99 2-Jul-99
1,000 24.00000 29-Jun-99 2-Jul-99
500 23.75000 29-Jun-99 2-Jul-99
100 23.14370 29-Jun-99 2-Jul-99
</TABLE>
<PAGE> 45
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 24.00000 29-Jun-99 2-Jul-99
200 23.00000 29-Jun-99 2-Jul-99
100 23.50000 29-Jun-99 2-Jul-99
200 23.64370 29-Jun-99 2-Jul-99
900 23.75000 29-Jun-99 2-Jul-99
600 23.00000 29-Jun-99 2-Jul-99
1,000 24.50000 29-Jun-99 2-Jul-99
500 20.12500 29-Jun-99 2-Jul-99
500 23.61250 29-Jun-99 2-Jul-99
2,000 24.01870 29-Jun-99 2-Jul-99
500 20.87500 29-Jun-99 2-Jul-99
200 23.12500 29-Jun-99 2-Jul-99
900 24.06250 29-Jun-99 2-Jul-99
100 23.06250 29-Jun-99 2-Jul-99
14,200 23.38500 29-Jun-99 2-Jul-99
295 24.00000 29-Jun-99 2-Jul-99
500 23.00000 29-Jun-99 2-Jul-99
1,000 23.00000 29-Jun-99 2-Jul-99
400 23.50000 29-Jun-99 2-Jul-99
100 22.87500 29-Jun-99 2-Jul-99
700 24.62500 29-Jun-99 2-Jul-99
600 24.00000 29-Jun-99 2-Jul-99
200 21.37500 29-Jun-99 2-Jul-99
400 20.50000 29-Jun-99 2-Jul-99
600 24.12500 29-Jun-99 2-Jul-99
200 23.87500 29-Jun-99 2-Jul-99
100 24.56250 29-Jun-99 2-Jul-99
500 23.50500 29-Jun-99 2-Jul-99
200 24.62500 29-Jun-99 2-Jul-99
400 23.37500 29-Jun-99 2-Jul-99
2,000 24.02500 29-Jun-99 2-Jul-99
200 23.00000 29-Jun-99 2-Jul-99
200 24.62500 29-Jun-99 2-Jul-99
600 23.06250 29-Jun-99 2-Jul-99
100 20.93750 29-Jun-99 2-Jul-99
500 23.50500 29-Jun-99 2-Jul-99
1,000 24.01870 29-Jun-99 2-Jul-99
200 23.64370 29-Jun-99 2-Jul-99
500 23.50500 29-Jun-99 2-Jul-99
500 23.50500 29-Jun-99 2-Jul-99
100 23.00000 29-Jun-99 2-Jul-99
2,500 23.75000 29-Jun-99 2-Jul-99
1,300 23.38500 29-Jun-99 2-Jul-99
200 23.87500 29-Jun-99 2-Jul-99
100 22.87500 29-Jun-99 2-Jul-99
1,700 23.06250 29-Jun-99 2-Jul-99
100 22.93750 29-Jun-99 2-Jul-99
700 24.12500 29-Jun-99 2-Jul-99
400 23.89370 29-Jun-99 2-Jul-99
500 23.62500 29-Jun-99 2-Jul-99
200 23.12500 29-Jun-99 2-Jul-99
200 23.64370 29-Jun-99 2-Jul-99
500 23.06250 29-Jun-99 2-Jul-99
200 24.00000 29-Jun-99 2-Jul-99
6,200 23.38500 29-Jun-99 2-Jul-99
200 23.12500 29-Jun-99 2-Jul-99
200 24.06250 29-Jun-99 2-Jul-99
</TABLE>
<PAGE> 46
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 23.50500 29-Jun-99 2-Jul-99
200 23.06250 29-Jun-99 2-Jul-99
700 22.93750 29-Jun-99 2-Jul-99
400 24.62500 29-Jun-99 2-Jul-99
100 24.00000 29-Jun-99 2-Jul-99
700 23.38500 29-Jun-99 2-Jul-99
100 23.14370 29-Jun-99 2-Jul-99
100 23.75000 29-Jun-99 2-Jul-99
200 24.00000 29-Jun-99 2-Jul-99
100 23.14370 29-Jun-99 2-Jul-99
100 24.06250 29-Jun-99 2-Jul-99
500 23.50000 29-Jun-99 2-Jul-99
900 23.00000 29-Jun-99 2-Jul-99
600 24.12500 29-Jun-99 2-Jul-99
200 24.00000 29-Jun-99 2-Jul-99
1,000 23.38500 29-Jun-99 2-Jul-99
500 20.87500 29-Jun-99 2-Jul-99
200 24.62500 29-Jun-99 2-Jul-99
200 23.64370 29-Jun-99 2-Jul-99
300 22.81250 29-Jun-99 2-Jul-99
200 21.62500 29-Jun-99 2-Jul-99
200 25.12500 29-Jun-99 2-Jul-99
500 20.93750 29-Jun-99 2-Jul-99
400 23.31250 29-Jun-99 2-Jul-99
1,600 23.38500 29-Jun-99 2-Jul-99
700 26.00000 29-Jun-99 2-Jul-99
1,200 23.75000 29-Jun-99 2-Jul-99
600 22.87500 29-Jun-99 2-Jul-99
1,000 24.56250 29-Jun-99 2-Jul-99
200 23.12500 29-Jun-99 2-Jul-99
1,000 23.12500 29-Jun-99 2-Jul-99
100 24.00000 29-Jun-99 2-Jul-99
15 24.62500 29-Jun-99 2-Jul-99
200 23.64370 29-Jun-99 2-Jul-99
100 23.00000 29-Jun-99 2-Jul-99
100 22.81250 29-Jun-99 2-Jul-99
2,000 24.01870 29-Jun-99 2-Jul-99
300 23.06250 29-Jun-99 2-Jul-99
100 24.50000 29-Jun-99 2-Jul-99
100 23.68750 29-Jun-99 2-Jul-99
400 22.81250 29-Jun-99 2-Jul-99
200 23.00000 29-Jun-99 2-Jul-99
900 23.50000 29-Jun-99 2-Jul-99
700 22.87500 29-Jun-99 2-Jul-99
200 23.00000 29-Jun-99 2-Jul-99
1,400 23.75000 29-Jun-99 2-Jul-99
3,000 20.29000 29-Jun-99 2-Jul-99
200 24.00000 29-Jun-99 2-Jul-99
1,000 26.93750 30-Jun-99 6-Jul-99
100 25.12500 30-Jun-99 6-Jul-99
1,000 26.12500 30-Jun-99 6-Jul-99
200 25.12500 30-Jun-99 6-Jul-99
1,000 24.75000 30-Jun-99 6-Jul-99
400 26.37500 30-Jun-99 6-Jul-99
300 27.32500 30-Jun-99 6-Jul-99
200 26.75000 30-Jun-99 6-Jul-99
300 26.12500 30-Jun-99 6-Jul-99
</TABLE>
<PAGE> 47
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
250 26.31250 30-Jun-99 6-Jul-99
500 27.00000 30-Jun-99 6-Jul-99
10,000 25.84370 30-Jun-99 6-Jul-99
1,000 26.50000 30-Jun-99 6-Jul-99
100 27.37500 30-Jun-99 6-Jul-99
100 26.81250 30-Jun-99 6-Jul-99
1,500 25.12500 30-Jun-99 6-Jul-99
250 26.31250 30-Jun-99 6-Jul-99
200 26.50000 30-Jun-99 6-Jul-99
300 24.75000 30-Jun-99 6-Jul-99
1,000 26.12500 30-Jun-99 6-Jul-99
1,200 26.63330 30-Jun-99 6-Jul-99
800 26.50000 30-Jun-99 6-Jul-99
1,000 25.50000 30-Jun-99 6-Jul-99
100 27.50000 30-Jun-99 6-Jul-99
1,000 27.43750 30-Jun-99 6-Jul-99
1,000 26.50000 30-Jun-99 6-Jul-99
1,000 26.00000 30-Jun-99 6-Jul-99
500 26.75000 30-Jun-99 6-Jul-99
300 27.37500 30-Jun-99 6-Jul-99
500 26.37500 30-Jun-99 6-Jul-99
1,000 26.62500 30-Jun-99 6-Jul-99
100 26.50000 30-Jun-99 6-Jul-99
1,000 26.43750 30-Jun-99 6-Jul-99
28,800 26.63330 30-Jun-99 6-Jul-99
100 27.25000 30-Jun-99 6-Jul-99
1,000 27.50000 30-Jun-99 6-Jul-99
1,000 26.12500 30-Jun-99 6-Jul-99
1,000 26.62500 30-Jun-99 6-Jul-99
500 27.50000 30-Jun-99 6-Jul-99
100 26.50000 30-Jun-99 6-Jul-99
800 27.37500 30-Jun-99 6-Jul-99
100 26.00000 30-Jun-99 6-Jul-99
1,000 26.62500 30-Jun-99 6-Jul-99
1,000 26.00000 30-Jun-99 6-Jul-99
1,000 27.37500 30-Jun-99 6-Jul-99
1,000 26.31250 30-Jun-99 6-Jul-99
200 26.00000 30-Jun-99 6-Jul-99
700 26.50000 30-Jun-99 6-Jul-99
1,000 26.12500 30-Jun-99 6-Jul-99
1,000 26.00000 30-Jun-99 6-Jul-99
200 26.62500 30-Jun-99 6-Jul-99
900 26.62500 30-Jun-99 6-Jul-99
100 26.62500 30-Jun-99 6-Jul-99
1,000 26.31250 30-Jun-99 6-Jul-99
200 27.50000 30-Jun-99 6-Jul-99
250 26.40000 30-Jun-99 6-Jul-99
4,700 27.32500 30-Jun-99 6-Jul-99
1,000 26.12500 30-Jun-99 6-Jul-99
700 27.35000 30-Jun-99 6-Jul-99
1,000 25.00000 30-Jun-99 6-Jul-99
1,000 26.93750 30-Jun-99 6-Jul-99
1,000 26.12500 30-Jun-99 6-Jul-99
1,000 26.50000 30-Jun-99 6-Jul-99
100 25.12500 30-Jun-99 6-Jul-99
1,000 26.43750 30-Jun-99 6-Jul-99
1,100 26.00000 30-Jun-99 6-Jul-99
</TABLE>
<PAGE> 48
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 26.86500 1-Jul-99 7-Jul-99
200 27.12500 1-Jul-99 7-Jul-99
100 27.12500 1-Jul-99 7-Jul-99
7,200 27.00000 1-Jul-99 7-Jul-99
300 25.81250 1-Jul-99 7-Jul-99
500 27.00000 1-Jul-99 7-Jul-99
300 27.12500 1-Jul-99 7-Jul-99
300 25.27500 1-Jul-99 7-Jul-99
1,500 27.62500 1-Jul-99 7-Jul-99
300 27.12500 1-Jul-99 7-Jul-99
1,700 27.00000 1-Jul-99 7-Jul-99
1,500 27.00000 1-Jul-99 7-Jul-99
100 25.00000 1-Jul-99 7-Jul-99
200 26.50000 1-Jul-99 7-Jul-99
200 25.00000 1-Jul-99 7-Jul-99
200 27.12500 1-Jul-99 7-Jul-99
200 25.00000 1-Jul-99 7-Jul-99
300 27.12500 1-Jul-99 7-Jul-99
2,000 26.86500 1-Jul-99 7-Jul-99
200 26.06250 1-Jul-99 7-Jul-99
1,000 25.50000 1-Jul-99 7-Jul-99
2,700 28.12500 1-Jul-99 7-Jul-99
2,000 25.50000 1-Jul-99 7-Jul-99
1,000 26.50000 1-Jul-99 7-Jul-99
6,500 26.93750 1-Jul-99 7-Jul-99
1,000 27.12500 1-Jul-99 7-Jul-99
200 28.25000 1-Jul-99 7-Jul-99
600 28.25000 1-Jul-99 7-Jul-99
100 25.00000 1-Jul-99 7-Jul-99
1,000 27.12500 1-Jul-99 7-Jul-99
300 28.00000 1-Jul-99 7-Jul-99
200 26.56250 1-Jul-99 7-Jul-99
200 27.41750 1-Jul-99 7-Jul-99
400 26.96250 1-Jul-99 1-Jul-99
500 27.62500 1-Jul-99 7-Jul-99
200 27.00000 1-Jul-99 7-Jul-99
200 26.87500 1-Jul-99 7-Jul-99
400 26.70000 1-Jul-99 7-Jul-99
200 27.00000 1-Jul-99 7-Jul-99
1,000 26.93750 1-Jul-99 7-Jul-99
100 27.00000 1-Jul-99 7-Jul-99
200 26.68750 1-Jul-99 7-Jul-99
4,700 28.06250 1-Jul-99 7-Jul-99
1,000 26.86500 1-Jul-99 7-Jul-99
200 25.75000 1-Jul-99 7-Jul-99
1,500 27.62500 1-Jul-99 7-Jul-99
1,700 25.37500 1-Jul-99 7-Jul-99
300 28.06250 1-Jul-99 7-Jul-99
100 25.00000 1-Jul-99 7-Jul-99
500 26.80000 1-Jul-99 7-Jul-99
700 25.00000 1-Jul-99 7-Jul-99
500 25.00000 1-Jul-99 7-Jul-99
200 26.87500 1-Jul-99 7-Jul-99
1,100 25.06250 1-Jul-99 7-Jul-99
100 27.12500 1-Jul-99 7-Jul-99
100 27.00000 1-Jul-99 7-Jul-99
2,000 27.00000 1-Jul-99 7-Jul-99
</TABLE>
<PAGE> 49
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
300 27.43750 1-Jul-99 7-Jul-99
150 19.43750 21-Jun-99 24-Jun-99
700 19.43750 21-Jun-99 24-Jun-99
150 19.43750 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
1,000 16.12500 15-Jun-99 18-Jun-99
400 19.43750 21-Jun-99 24-Jun-99
600 19.43750 21-Jun-99 24-Jun-99
400 19.43750 21-Jun-99 24-Jun-99
100 19.43750 21-Jun-99 24-Jun-99
200 19.43750 21-Jun-99 24-Jun-99
400 19.43750 21-Jun-99 24-Jun-99
150 15.50000 15-Jun-99 18-Jun-99
400 19.43750 21-Jun-99 24-Jun-99
200 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
150 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
50 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
100 15.87500 15-Jun-99 18-Jun-99
500 17.87500 17-Jun-99 22-Jun-99
500 17.87500 17-Jun-99 22-Jun-99
400 19.62500 23-Jun-99 28-Jun-99
200 19.62500 23-Jun-99 28-Jun-99
</TABLE>
<PAGE> 50
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 19.62500 23-Jun-99 28-Jun-99
300 17.59750 17-Jun-99 22-Jun-99
1,000 20.50000 21-Jun-99 24-Jun-99
2,000 20.50000 21-Jun-99 24-Jun-99
2,000 20.50000 21-Jun-99 24-Jun-99
300 25.27500 1-Jul-99 7-Jul-99
1,600 17.81250 16-Jun-99 21-Jun-99
500 17.81250 16-Jun-99 21-Jun-99
300 17.93750 16-Jun-99 21-Jun-99
500 16.04000 15-Jun-99 18-Jun-99
500 23.50500 29-Jun-99 2-Jul-99
500 23.50500 29-Jun-99 2-Jul-99
500 15.80500 16-Jun-99 21-Jun-99
500 23.50500 29-Jun-99 2-Jul-99
500 23.50500 29-Jun-99 2-Jul-99
500 19.16000 21-Jun-99 24-Jun-99
500 15.80500 15-Jun-99 18-Jun-99
500 23.50500 29-Jun-99 2-Jul-99
500 23.50500 29-Jun-99 2-Jul-99
500 19.75000 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
500 19.75000 21-Jun-99 24-Jun-99
400 15.62500 15-Jun-99 18-Jun-99
300 16.87500 16-Jun-99 21-Jun-99
300 16.87500 16-Jun-99 21-Jun-99
300 16.87500 16-Jun-99 21-Jun-99
300 16.87500 16-Jun-99 21-Jun-99
1,350 19.37500 21-Jun-99 24-Jun-99
400 19.75000 23-Jun-99 28-Jun-99
250 19.37500 21-Jun-99 24-Jun-99
350 19.70000 23-Jun-99 28-Jun-99
300 19.37500 21-Jun-99 24-Jun-99
250 19.37500 21-Jun-99 24-Jun-99
300 19.37500 21-Jun-99 24-Jun-99
250 19.37500 21-Jun-99 24-Jun-99
200 19.37500 21-Jun-99 24-Jun-99
500 20.00000 22-Jun-99 25-Jun-99
300 20.00000 22-Jun-99 25-Jun-99
400 20.00000 22-Jun-99 25-Jun-99
300 18.40000 18-Jun-99 23-Jun-99
400 18.40000 18-Jun-99 23-Jun-99
300 18.40000 18-Jun-99 23-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
1,000 20.05000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
100 20.12500 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
200 19.75000 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
</TABLE>
<PAGE> 51
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 20.00000 22-Jun-99 25-Jun-99
100 20.12500 22-Jun-99 25-Jun-99
100 20.00000 22-Jun-99 25-Jun-99
300 15.62500 14-Jun-99 17-Jun-99
2,000 24.01870 29-Jun-99 2-Jul-99
500 23.94370 29-Jun-99 2-Jul-99
500 19.61250 23-Jun-99 28-Jun-99
2,000 20.12500 22-Jun-99 25-Jun-99
200 23.64370 29-Jun-99 2-Jul-99
200 23.64370 29-Jun-99 2-Jul-99
1,000 24.01870 29-Jun-99 2-Jul-99
2,000 24.01870 29-Jun-99 2-Jul-99
400 23.89370 29-Jun-99 2-Jul-99
100 23.14370 29-Jun-99 2-Jul-99
120 14.97916 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
165 15.20640 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
135 15.07170 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
100 15.14580 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
120 14.97916 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
150 15.14580 15-Jun-99 18-Jun-99
800 15.72500 15-Jun-99 18-Jun-99
1,000 15.72500 15-Jun-99 18-Jun-99
1,000 15.72500 15-Jun-99 18-Jun-99
200 15.29500 14-Jun-99 17-Jun-99
100 19.87500 23-Jun-99 28-Jun-99
100 20.50000 22-Jun-99 22-Jun-99
100 20.56250 22-Jun-99 22-Jun-99
280 20.14200 29-Jun-99 2-Jul-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
</TABLE>
<PAGE> 52
SCHEDULE III-A
-------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 17.93750 17-Jun-99 22-Jun-99
100 20.43750 22-Jun-99 25-Jun-99
100 18.43750 18-Jun-99 23-Jun-99
100 18.43750 18-Jun-99 23-Jun-99
425 24.25570 29-Jun-99 2-Jul-99
5,150 24.25570 29-Jun-99 2-Jul-99
100 24.25570 29-Jun-99 2-Jul-99
150 24.25570 29-Jun-99 2-Jul-99
5,000 27.10000 1-Jul-99 7-Jul-99
5,000 19.00000 28-Jun-99 28-Jun-99
5,000 24.25570 29-Jun-99 2-Jul-99
200 17.25000 16-Jun-99 21-Jun-99
100 17.25000 16-Jun-99 21-Jun-99
100 17.25000 16-Jun-99 21-Jun-99
300 17.25000 16-Jun-99 21-Jun-99
100 17.25000 16-Jun-99 21-Jun-99
400 17.25000 16-Jun-99 21-Jun-99
300 17.25000 16-Jun-99 21-Jun-99
600 17.25000 16-Jun-99 21-Jun-99
400 17.25000 16-Jun-99 21-Jun-99
100 17.25000 16-Jun-99 21-Jun-99
200 17.25000 16-Jun-99 21-Jun-99
200 17.25000 16-Jun-99 21-Jun-99
200 17.25000 16-Jun-99 21-Jun-99
500 19.17500 21-Jun-99 24-Jun-99
1,000 15.62500 14-Jun-99 17-Jun-99
1,000 26.86500 1-Jul-99 7-Jul-99
2,000 26.86500 1-Jul-99 7-Jul-99
500 26.80000 1-Jul-99 7-Jul-99
1,000 26.86500 1-Jul-99 7-Jul-99
1,250 20.39000 29-Jun-99 2-Jul-99
800 18.56250 25-Jun-99 30-Jun-99
400 18.56250 25-Jun-99 30-Jun-99
300 18.56250 25-Jun-99 30-Jun-99
800 18.56250 25-Jun-99 30-Jun-99
</TABLE>
