Isramco Form 4/A Change in insider ownership (amended)

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Naphtha Holding, LTD

(Last) (First) (Middle)

8 GRANIT ST

P O BOX 10188

(Street)

PETACH-TIKVA L3 49002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ISRAMCO INC [ ISRL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/19/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)
10/21/2015

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/19/2015		P		16,000	A	$120	1,930,321(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/07/2016		S		600	D	$120	1,929,721(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/07/2016		S		600	D	$120.8	1,929,121(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/07/2016		S		410	D	$122.1	1,928,711(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/07/2016		S		1	D	$122.4	1,928,710(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/08/2016		S		328	D	$122.4	1,928,382(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/09/2016		S		475	D	$122.4	1,927,907(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/20/2016		S		590	D	$123	1,927,317(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/20/2016		S		810	D	$123.6	1,926,507(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/20/2016		S		400	D	$123	1,926,107(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/20/2016		S		600	D	$122	1,925,507(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/20/2016		S		810	D	$121.42	1,924,697(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/20/2016		S		1,000	D	$120	1,923,697(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/20/2016		S		400	D	$121.39	1,923,297(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/20/2016		S		190	D	$121.6	1,923,107(1)	I	Acquired by company under common control see note below(1)
Common Stock	12/20/2016		S		590	D	$121.77	1,922,517(1)	I	Acquired by company under common control see note below(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. See "Remarks" section

Remarks:

(1) This amendment is being filed to correct administrative errors with regard to the number of securities beneficially owned following each transaction as set forth in four beneficial ownership reports on Form 4 (the "Prior Reports") filed by Naphtha Holding, Ltd. ("Naphtha Holding") on October 21, 2015, December 9, 2016, December 12, 2016, and December 22, 2016, respectively. The Prior Reports covered an aggregate of sixteen transactions, including one acquisition transaction of I.O.C-Israel Oil Company Ltd. ("IOC"), a company under common control with Naphtha Holding, that occurred on October 19, 2015, and fifteen separate disposition transactions of Naphtha Exploration LP ("Naphtha Exploration"), a company under common control with Naphtha Holding, that occurred during the period from December 7, 2016 through December 21, 2016. The number of securities beneficially owned following all of the reported transactions should have been reported as 1,922,517 shares of the common stock, par value $0.01 per share (the "Common Stock"), of Isramco, Inc. (the "Company"). This report includes securities indirectly and directly held or held under common control with Naphtha Holding, including securities held by Naphtha Exploration and IOC. After the above reported transactions, Naphtha Exploration does not own any shares of the Company's Common Stock. Further, Naphtha Holding directly holds 1,592,841 shares of Common Stock and IOC directly holds 329,676 shares of Common Stock, for a total of 1,922,517 shares of the Company's Common Stock under common control after the aforementioned transactions reported in this amendment. Naphtha Holding and IOC together hold more than 10% of the outstanding shares of the Company's Common Stock.

	/s/ Eran Saar	04/12/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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