RADWARE LTD — Major Shareholding Notification 2010

Feb 16, 2010

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

| Radware

Ltd.
(Name
of Issuer)

| Ordinary

Shares, Par Value NIS 0.1
(Title
of Class of Securities)

M81873107
(CUSIP
Number)

| December

31, 2009
(Date
of Event Which Requires Filing of this
Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[_] Rule 13d-1(b)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)

---

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

| CUSIP

No.
1.	NAME
OF REPORTING PERSONS
	I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Rima
Management, LLC
2.	CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
	(a) [_]
	(b) [X]
3.	SEC
USE ONLY
4.	CITIZENSHIP
OR PLACE OF ORGANIZATION
	Delaware
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
5.	SOLE
VOTING POWER
	0
6.	SHARED
VOTING POWER
	1,864,723
7.	SOLE
DISPOSITIVE POWER
	0
8.	SHARED
DISPOSITIVE POWER
	1,864,723
9.	AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,864,723
10.	CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
	[_]
11.	PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	9.9%
12.	TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
	OO

| CUSIP

No.
1.	NAME
OF REPORTING PERSONS
	I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Richard
Mashaal
2.	CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
	(a) [_]
	(b) [X]
3.	SEC
USE ONLY
4.	CITIZENSHIP
OR PLACE OF ORGANIZATION
	Delaware
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
5.	SOLE
VOTING POWER
	0
6.	SHARED
VOTING POWER
	1,864,723
7.	SOLE
DISPOSITIVE POWER
	0
8.	SHARED
DISPOSITIVE POWER
	1,864,723
9.	AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,864,723
10.	CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
	[_]
11.	PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	9.9%
12.	TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

CUSIP No. M81873107

| Item

1. | | --- | | Radware Ltd. |

(b).
22
Raoul Wallenberg Street
Tel
Aviv 69710
Israel

| Item

2.
Rima
Management, LLC Richard
Mashaal

(b).
Rima
Management, LLC 110
East 55 th Street Suite
1600 New
York, New York 10022
Richard
Mashaal c/o
Rima Management, LLC 110
East 55 th Street Suite
1600 New
York, New York 10022

(c).
Rima
Management, LLC - Delaware Richard
Mashaal - Canada

(d).
Ordinary
Shares, Par Value NIS 0.1

(e).
M81873107

ITEM 3. If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a

(a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [_] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [_] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [_] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);

(i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [_] A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

(k) [_] Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

ITEM 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)
Rima
Management, LLC - 1,864,723 Richard
Mashaal - 1,864,723

(b)
Rima
Management, LLC - 9.9% Richard
Mashaal - 9.9%

(c) Number of shares as to which the person has:

Rima Management, LLC:

| (i) | Sole power to vote or to direct the vote | 0 | , | | --- | --- | --- | --- | | (ii) | Shared power to vote or to direct the vote | 1,864,723 | , | | (iii) | Sole power to dispose or to direct the disposition of | 0 | , | | (iv) | Shared power to dispose or to direct the disposition of | 1,864,723 | . |

Richard Mashaal:

| (i) | Sole power to vote or to direct the vote | 0 | , | | --- | --- | --- | --- | | (ii) | Shared power to vote or to direct the vote | 1,864,723 | , | | (iii) | Sole power to dispose or to direct the disposition of | 0 | , | | (iv) | Shared power to dispose or to direct the disposition of | 1,864,723 | . |

| | Instruction: For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1). | | --- | --- | | Item 5. | Ownership of Five Percent or Less of a Class. |

| If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following

[_].
Instruction: Dissolution
of a group requires a response to this item. N/A

ITEM 6. Ownership of More Than Five Percent on Behalf of Another Person.

| If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension

fund or endowment fund is not required.
N/A

ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

| If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant

subsidiary.
N/A

ITEM 8. Identification and Classification of Members of the Group.

| If a group has filed this schedule pursuant to § 240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach

an exhibit stating the identity of each member of the group.
N/A

ITEM 9. Notice of Dissolution of Group.

Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.

ITEM 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.

| February

16, 2010
(Date)
RIMA
MANAGEMENT, LLC*
By: /s/George Malikotsis
George Malikotsis Vice
President
RICHARD
MASHAAL
By :/s/Richard Mashaal
Richard
Mashaal

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.

Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

Exhibit A

AGREEMENT

Each of the undersigned hereby consents and agrees to this joint filing on Amendment No. 3 to Schedule 13G for the Ordinary Shares, Par Value NIS 0.1 per share of Radware Ltd.

Dated: February 16, 2010

| RIMA

MANAGEMENT, LLC*
By: /s/George
Malikotsis
George Malikotsis Vice
President
RICHARD
MASHAAL
By :/s/Richard Mashaal
Richard
Mashaal

SK 01780 0001 1071353