Item 1. | |
(a) | Name of issuer:
Ituran Location & Control Ltd. |
(b) | Address of issuer's principal executive
offices:
3 Hashikma Street, Azour, Israel, 58001 |
Item 2. | |
(a) | Name of person filing:
Yehuda Kahane |
(b) | Address or principal business office or, if
none, residence:
16 Tzamarot St, Herzliah, Israel. |
(c) | Citizenship:
Israel. |
(d) | Title of class of securities:
Ordinary Shares, Par Value NIS 0.331/3 per share |
(e) | CUSIP No.:
M6158M104 |
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 associations 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). If filing as a non-U.S.
institution in accordance with § 240.13d-1(b)(1)(ii)(J), please
specify the type of institution: |
(k) | Group,
in accordance with Rule 240.13d-1(b)(1)(ii)(K). |
| |
Item 4. | Ownership |
(a) | Amount beneficially owned:
1,451,137 ordinary shares of the issuer.
This amount is composed of 13,264 ordinary shares directly jointly held by Professor Yehuda Kahane and his wife, Ms. Rivka Kahane; 5,782 ordinary shares directly held by Yehuda Kahane Ltd.; and 1,432,091 ordinary shares held by Moked Ituran Ltd.
Professor Kahane holds 50% of the shares of Yehuda Kahane Ltd. (the other 50% being held by his wife), and may be deemed a controlling person thereof.
Yehuda Kahane Ltd. holds approximately 26% of Moked Ituran Ltd ("Moked"), the holder of approximately 19.85% of the issuer's share capital; and pursuant to a shareholders agreement among Moked's shareholders, Yehuda Kahane Ltd. has the power to direct the disposition of 1,432,091 of the issuer's shares held by Moked. The Moked's shareholders agreement, and its first and second amendment, is incorporated herein by reference as exhibits. |
(b) | Percent of class:
7.06% (calculated based on the amount of the outstanding ordinary shares of the issuer, exclusive of the ordinary shares held by the issuer). % |
(c) | Number of shares as to which the person has:
|
| (i) Sole power to vote or to direct the vote:
19,046
|
| (ii) Shared power to vote or to direct the
vote:
1,451,137
|
| (iii) Sole power to dispose or to direct the
disposition of:
19,046
|
| (iv) Shared power to dispose or to direct the
disposition of:
1,451,137
|
Item 5. | Ownership of 5 Percent or Less of a Class. |
| |
Item 6. | Ownership of more than 5 Percent on Behalf of
Another Person. |
|
Not Applicable
|
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 has filed this schedule, pursuant to Rule
13d-1(b)(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 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.
As noted above, Professor Yehuda Kahane may be deemed a controlling person of Yehuda Kahane Ltd, which holds shares of the issuer directly and through Moked Ituran Ltd. See Item 4(a) above. |
Item 8. | Identification and Classification of Members
of the Group. |
|
Not Applicable
|
Item 9. | Notice of Dissolution of Group. |
|
Not Applicable
|