The name, citizenship, residence or business address and present principal
occupation of the directors and executive officers of IDB Development is set
forth in Exhibit 3 attached hereto, and incorporated herein by reference. This
Exhibit 3 replaces Exhibit 3 previously attached to the Statement.
(d) None of the Reporting Persons or, to the knowledge of the Reporting Persons,
any of the persons named in Exhibits 1 through 4 to this Statement, has, during
the last five years, been convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors).
(e) None of the Reporting Persons or, to the knowledge of the Reporting Persons,
any of the persons named in Exhibits 1 through 4 to this Statement has, during
the last five years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Statements is hereby amended and restated in its entirety as
follows:
The percentages of Ordinary Shares outstanding set forth in this Statement are
based on 25,372,615 Ordinary Shares outstanding as of February 17, 2011 as the
Issuer advised the Reporting Persons.
(a), (b) As of March 17, 2011:
Clal Industries and Clal Electronics beneficially own, and may be deemed to
share the power to vote and dispose of, 2,174,476 Ordinary Shares, constituting
approximately 8.57% of the outstanding Ordinary Shares of the Issuer.
IDB Development may be deemed the beneficial owner of, and to share the
power to vote and dispose of the 2,174,476 Ordinary Shares beneficially owned by
Clal Industries, constituting, in the aggregate, approximately 8.57% of the
outstanding Ordinary Shares of the Issuer. IDB Development disclaims beneficial
ownership of all of the 2,174,476 Ordinary Shares reported in this Statement.
IDB Holding and the Reporting Persons who are natural persons may be deemed
to be the beneficial owners of, and to share the power to vote and dispose of
the 2,174,476 Ordinary Shares beneficially owned by IDB Development,
constituting approximately 8.57% of the outstanding Ordinary Shares of the
Issuer. IDB Holding and the Reporting Persons who are natural persons disclaim
beneficial ownership of such shares.
Page 11 of 14 pages
Based on information furnished to the Reporting Persons, the Reporting
Persons are not aware of any executive officer or director named in Exhibit 1
through 4 to the Statement, beneficially owning any Ordinary Shares.
(c) None of the Reporting Persons or, to the Reporting Persons' knowledge, any
of the executive officers and directors named in Exhibits 1 through 4 to this
Statement, purchased or sold any Ordinary Shares in the past sixty days, except
as set forth below:
During the period from January 17, 2011 through March 17, 2011, Clal
Electronics made the following sales of Ordinary Shares, totaling 650,000
Ordinary Shares, all of which were made in open market transactions on the
NASDAQ Global Market:
------------------------ --------------------- ----------------------
DATE PRICE PER SHARE NUMBER OF
(MM/DD/YY) (US$) SHARES SOLD
------------------------ --------------------- ----------------------
2/16/11 10.987 116,502
------------------------ --------------------- ----------------------
2/17/11 10.807 99,353
------------------------ --------------------- ----------------------
2/18/11 10.681 62,637
------------------------ --------------------- ----------------------
2/22/11 10.283 49,361
------------------------ --------------------- ----------------------
2/23/11 9.715 21,965
------------------------ --------------------- ----------------------
2/24/11 9.356 95,748
------------------------ --------------------- ----------------------
2/25/11 9.839 133,199
------------------------ --------------------- ----------------------
2/28/11 9.318 71,235
------------------------ --------------------- ----------------------
(d) Not applicable.
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
EXHIBIT # DESCRIPTION
Exhibits 1, 2 Name, citizenship, business address, present principal
and 4 occupation and employer of executive officers and directors
of Clal Electronics Industries Ltd. (Exhibit 1), Clal
Industries and Investments Ltd. (Exhibit 2), and IDB Holding
(Exhibit 4). (*)
Exhibit 3 Name, citizenship, business address, present principal
occupation and employer of executive officers and directors
of IDB Development. (**)
Exhibit 5 Joint Filing Agreement between Clal Industries and
Investments Ltd. and Clal Electronics Industries Ltd.
authorizing Clal Industries and Investments Ltd. to file
this Schedule 13D and any amendments hereto. (***)
Exhibit 6 Joint Filing Agreement between Clal Industries and
Investments Ltd. and IDB Development authorizing Clal
Industries and Investments Ltd. to file this Schedule 13D
and any amendments hereto. (***)
Page 12 of 14 pages
Exhibit 7 Joint Filing Agreement between Clal Industries and
Investments Ltd. and IDB Holding authorizing Clal Industries
and Investments Ltd. to file this Schedule 13D and any
amendments hereto. (***)
Exhibit 8 Joint Filing Agreement between Clal Industries and
Investments Ltd. and Mr. Dankner authorizing Clal Industries
and Investments Ltd. to file this Schedule 13D and any
amendments hereto. (***)
Exhibit 9 Joint Filing Agreement between Clal Industries and
Investments Ltd. and Mrs. Bergman authorizing Clal
Industries and Investments Ltd. to file this Schedule 13D
and any amendments hereto. (***)
Exhibit 10 Joint Filing Agreement between Clal Industries and
Investments Ltd. and Mrs. Manor authorizing Clal Industries
and Investments Ltd. to file this Schedule 13D and any
amendments hereto. (***)
Exhibit 11 Joint Filing Agreement between Clal Industries and
Investments Ltd. and Mr. Livnat authorizing Clal Industries
and Investments Ltd. to file this Schedule 13D and any
amendments hereto. (***)
(*) Previously filed as Exhibits 1, 2 and 4 to Amendment No. 4 to the Schedule
13D filed with the SEC on March 25, 2010, and incorporated herein by reference.
(**) Previously filed as Exhibit 3 to Amendment No. 5 to the Schedule 13D filed
with the SEC on December 29, 2010, and incorporated herein by reference.
(***) Previously filed as Exhibits 5-11 to Amendment No. 3 to the Schedule 13D
filed with the SEC on December 11, 2007, and incorporated herein by reference.
Page 13 of 14 pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Dated: March 21, 2011
CLAL ELECTRONICS INDUSTRIES LTD.
CLAL INDUSTRIES AND INVESTMENTS LTD.
IDB DEVELOPMENT CORPORATION LTD.
IDB HOLDING CORPORATION LTD.
NOCHI DANKNER
SHELLY BERGMAN
RUTH MANOR
AVRAHAM LIVNAT
BY: CLAL INDUSTRIES AND INVESTMENTS LTD.
By: /s/ Yehuda Ben Ezra, /s/ Gonen Bieber
-------------------------------------
Yehuda Ben Ezra, and Gonen Bieber authorized signatories of
Clal Industries and Investments Ltd. for itself and on
behalf of IDB Holding Corporation Ltd, IDB Development
Corporation Ltd., Nochi Dankner, Shelly Bergman, Ruth Manor
and Avraham Livnat pursuant to the agreements annexed as
Exhibits 5-11 to this Schedule 13D.
Page 14 of 14 pages