This Amendment No. 11 amends the Schedule 13D initially filed on March 11, 1999, Amendment No. 1 thereto filed May 11, 1999, Amendment No. 2 thereto filed August 16, 1999, Amendment No. 3 thereto filed November 4, 1999, Amendment No. 4 thereto filed February 14, 2001, Amendment No. 5 thereto filed October 15, 2001, Amendment No. 6 thereto filed June 29, 2005, Amendment No. 7 thereto filed February 10, 2006, Amendment No. 8 thereto filed September 10, 2007,Amendment No. 9 filed January 10, 2008 and Amendment No. 10 thereto filed October 7, 2010 (collectively, the “Schedule 13D”) and is filed by Europe-Israel, Control Centers, Marina and Mr. Mordechay Zisser (the “Reporting Persons”).
Item 3 Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D, “Source and Amount of Funds or Other Consideration,” is amended and supplemented by adding the following:
The amount of funds used by Europe-Israel in acquiring the 131,043 Ordinary Shares between September 22, 2010 through May 9, 2011 was approximately $1,704,000, based on daily exchange rates between the NIS and the US dollar published by the Bank of Israel on the date of the filing. Europe-Israel obtained the funds from its credit facilities and funding. The 131,043 Ordinary Shares that Europe-Israel acquired constitute collateral for such funding.
Item 5 Interest in Securities of the Issuer.
Item 5(a) of the Schedule 13D, “Interest in Securities of the Issuer,” is amended and supplemented by adding the following:
The responses of the Reporting Persons to Rows (11) through (13) of pages 2, 3, 4 and 5 of this Amendment No. 11 are incorporated herein by reference. As of May 9, 2011, (i) Europe-Israel beneficially owned 12,084,194 Ordinary Shares, or 48.56% of the total number of Ordinary Shares issued and outstanding, (ii) Control Centers beneficially owned 12,109,031 Ordinary Shares, or 48.66% of the total number of Ordinary Shares issued and outstanding, (iii) Marina beneficially owned 24,837 Ordinary Shares, or less than 0.1% of the total number of Ordinary Shares issued and outstanding, and (iv) Mr. Mordechay Zisser beneficially owned 12,203,634 Ordinary Shares, or 49.04% of the total number of Ordinary Shares issued and outstanding.
Except as set forth in this Item 5(a), the Reporting Persons do not beneficially own any Ordinary Shares. The percentages stated above are based on 24,885,833 Ordinary Shares outstanding as of May 5, 2011 ((excluding 3,388,910 treasury shares held by the Issuer or for the Issuer’s benefit, which do not have any voting or economic rights under Israeli law). |
Item 5(b) of the Schedule 13D, “Interest in Securities of the Issuer,” is amended and supplemented by adding the following:
The responses of the Reporting Person to Rows (7) through (10) of page 2, 3, 4 and 5 and Item 2 of this Schedule 13D are incorporated herein by reference.
Item 5(c) of the Schedule 13D, “Interest in Securities of the Issuer,” is amended and supplemented by adding the following:
The ownership percentages set forth in this Amendment are based on 24,885,833 ordinary shares of the Issuer outstanding as of May 5, 2011 (excluding 3,388,910 treasury shares held by the Issuer or for the Issuer’s benefit, which do not have any voting or economic rights under Israeli law), based on information provided by the Issuer.
On March 9, 2011, Europe-Israel acquired 20,445 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.76.
On March 10, 2011, Europe-Israel acquired 4,862 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.77.
On March 13, 2011, Europe-Israel acquired 12,096 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.48.
On March 14, 2011, Europe-Israel acquired 9,700 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.48.
On March 15, 2011, Europe-Israel acquired 25,760 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $10.92.
On March 16, 2011, Europe-Israel acquired 6,460 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.19.
On March 17, 2011, Europe-Israel acquired 1,525 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.20.
On March 21, 2011, Europe-Israel acquired 2,425 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.51.
On March 22, 2011, Europe-Israel acquired 125 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.61.
On March 23, 2011, Europe-Israel acquired 2,125 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.63.
On March 24, 2011, Europe-Israel acquired 3,790 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.76.
On March 27, 2011, Europe-Israel acquired 5,858 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.18.
On March 28, 2011, Europe-Israel acquired 4,460 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.86.
On March 29, 2011, Europe-Israel acquired 3,410 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.89.
On March 30, 2011, Europe-Israel acquired 4,407 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.86.
On March 31, 2011, Europe-Israel acquired 8,825 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.06.
On April 3, 2011, Europe-Israel acquired 2,810 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.93.
On April 4, 2011, Europe-Israel acquired 2,020 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.91.
On April 5, 2011, Europe-Israel acquired 7,105 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.87.
On April 6, 2011, Europe-Israel acquired 2,670 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.86.
On April 7, 2011, Europe-Israel acquired 5,757 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.90.
On April 10, 2011, Europe-Israel acquired 4,990 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.17.
On April 11, 2011, Europe-Israel acquired 3,130 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.15.
On April 12, 2011, Europe-Israel acquired 5,955 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.12.
On April 13, 2011, Europe-Israel acquired 5,992 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.17.
On April 14, 2011, Europe-Israel acquired 1,100 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.10.
On April 17, 2011, Europe-Israel acquired 6,638 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.10.
On April 20, 2011, Europe-Israel acquired 1,185 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.04.
On April 26, 2011, Europe-Israel acquired 650 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $12.12.
On April 27, 2011, Europe-Israel acquired 2,670 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.93.
On April 28, 2011, Europe-Israel acquired 6,322 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.89.
On May 1, 2011, Europe-Israel acquired 2,810 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.65.
On May 2, 2011, Europe-Israel acquired 2,475 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.62.
On May 3, 2011, Europe-Israel acquired 2,600 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.39.
On May 4, 2011, Europe-Israel acquired 2,738 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.43.
On May 5, 2011, Europe-Israel acquired 2,400 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.29.
On May 8, 2011, Europe-Israel acquired 3,114 Ordinary Shares in various transactions on the Tel-Aviv Stock Exchange at an approximate weighted average price per share of $11.14
SIGNATURES
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.