UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
GigOptix, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par value $0.001 Per Share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
37517Y103
- --------------------------------------------------------------------------------
(CUSIP Number)
Yaron Elad
Elron Electronic Industries Ltd.
The Triangular Tower, 42nd Floor
3 Azrieli Center, Tel Aviv 67023
Israel
Tel: +972 3 6075555
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 10, 2011
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 249.13d-1(g), check the
following box. [_]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
* 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
disclosures provided in a prior cover page.
The information required on 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).
Page 1 of 19 pages
SCHEDULE 13D/A
CUSIP NO. 37517Y103
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Elron Electronic Industries Ltd.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC Use only
- --------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
-------------------------------------------------------------
Number of Shares 8. Shared Voting Power
Beneficially 410,562
Owned by Each -------------------------------------------------------------
Reporting Person 9. Sole Dispositive Power
With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
410,562
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
410,562
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.3%
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14. Type of Reporting Person (See Instructions)
CO
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Page 2 of 19 pages
SCHEDULE 13D/A
CUSIP NO. 37517Y103
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Discount Investment Corporation Ltd.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC Use only
- --------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [X]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
-------------------------------------------------------------
Number of Shares 8. Shared Voting Power
Beneficially 410,562
Owned by Each -------------------------------------------------------------
Reporting Person 9. Sole Dispositive Power
With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
410,562
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
410,562
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
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Page 3 of 19 pages
SCHEDULE 13D/A
CUSIP NO. 37517Y103
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
IDB Development Corporation Ltd.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC Use only
- --------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
-------------------------------------------------------------
Number of Shares 8. Shared Voting Power
Beneficially 410,562
Owned by Each -------------------------------------------------------------
Reporting Person 9. Sole Dispositive Power
With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
410,562
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
410,562
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
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Page 4 of 19 pages
SCHEDULE 13D/A
CUSIP NO. 37517Y103
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
IDB Holding Corporation Ltd.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC Use only
- --------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
-------------------------------------------------------------
Number of Shares 8. Shared Voting Power
Beneficially 410,562
Owned by Each -------------------------------------------------------------
Reporting Person 9. Sole Dispositive Power
With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
410,562
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
410,562
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
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Page 5 of 19 pages
SCHEDULE 13D/A
CUSIP NO. 37517Y103
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Nochi Dankner
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC Use only
- --------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
-------------------------------------------------------------
Number of Shares 8. Shared Voting Power
Beneficially 410,562
Owned by Each -------------------------------------------------------------
Reporting Person 9. Sole Dispositive Power
With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
410,562
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
410,562
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
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Page 6 of 19 pages
SCHEDULE 13D/A
CUSIP NO. 37517Y103
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Shelly Bergman
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC Use only
- --------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
-------------------------------------------------------------
Number of Shares 8. Shared Voting Power
Beneficially 410,562
Owned by Each -------------------------------------------------------------
Reporting Person 9. Sole Dispositive Power
With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
410,562
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
410,562
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
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Page 7 of 19 pages
SCHEDULE 13D/A
CUSIP NO. 37517Y103
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Ruth Manor
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC Use only
- --------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
-------------------------------------------------------------
Number of Shares 8. Shared Voting Power
Beneficially 410,562
Owned by Each -------------------------------------------------------------
Reporting Person 9. Sole Dispositive Power
With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
410,562
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
410,562
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
Page 8 of 19 pages
SCHEDULE 13D/A
CUSIP NO. 37517Y103
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Avraham Livnat
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC Use only
- --------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
- --------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
-------------------------------------------------------------
Number of Shares 8. Shared Voting Power
Beneficially 410,562
Owned by Each -------------------------------------------------------------
Reporting Person 9. Sole Dispositive Power
With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
410,562
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
410,562
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
Page 9 of 19 pages
This Amendment No. 1 on Schedule 13D/A (the "Amendment") amends and supplements,
to the extent specified herein, the Statement on Schedule 13D previously filed
with the Securities and Exchange Commission by the Reporting Persons with
respect to the common stock, par value $0.001 per share, of GigOptix, Inc. (the
"Statement"). Capitalized terms used but not defined in this Amendment have the
meanings given to them in the Statement.
The Amendment is filed by the Reporting Persons in connection with sales of
Common Stock held by Elron, one of the Reporting Persons, which were made from
January 3, 2011 through February 10, 2011. These sales resulted in each of the
Reporting Persons beneficially holding less than 5% of the outstanding shares of
Common Stock, and accordingly this Amendment represents an exit filing by each
of the Reporting Persons.
The following amends and supplements Items 2, 5 and 7 of the Statement.
Item 2. IDENTITY AND BACKGROUND
(a), (b) and (c): The Reporting Persons.
As of February 10, 2011:
DIC owned approximately 50.5% of the outstanding shares of Elron.
IDB Development owned approximately 73.5% of the outstanding shares of DIC.
IDB Holding owned approximately 100% of the outstanding shares of IDB
Development.
Nochi Dankner (together with a private company controlled by him) and Shelly
Dankner-Bergman own approximately 56.3% and 12.4% respectively of the
outstanding shares of, and control, Ganden Holdings. One of Ganden Holdings'
other shareholders, owning approximately 1.7% of Ganden Holdings' outstanding
shares, has a tag along right granted to it by Nochi Dankner to participate in
certain sales of Ganden Holdings' shares by Nochi Dankner, and such shareholder
agreed to vote all its shares of Ganden Holdings in accordance with Nochi
Dankner's instructions. Nochi Dankner is the Chairman of the Boards of
Directors; Zehava Dankner, the mother of Nochi Dankner and Shelly Bergman, is a
director, of IDB Holding, IDB Development and DIC; and Rona Dankner, the
daughter of Nochi Dankner and the niece of Shelly Bergman, is a director of
Elron.
Ganden Holdings owned approximately 54.7% of the outstanding shares of IDB
Holding, including approximately 37.2% of the outstanding shares of IDB Holding
owned through Ganden which is a wholly owned subsidiary of Ganden Holdings.
Approximately 31% of the outstanding shares of IDB Holding owned by Ganden are
subject to the IDB Shareholders Agreement. The additional shares of IDB Holding
owned by Ganden and Ganden Holdings are not subject to the IDB Shareholders
Agreement. Substantially all of the shares of IDB Holding owned by Ganden and
Ganden Holdings have been pledged to financial institutions as collateral for
loans taken to finance the purchase of these shares. Upon certain events of
default, these financial institutions may foreclose on the loans and assume
ownership of or sell these shares.
Shelly Bergman owned through private Israeli corporation which is wholly owned
by her approximately 4.2% of the outstanding shares of IDB Holding. These shares
of IDB Holding are not subject to the IDB Shareholders Agreement.
Ruth Manor owned through Manor Holdings approximately 13.3% of the outstanding
shares of IDB Holding, including approximately 10.2% of the outstanding shares
of IDB Holding owned through Manor which is a majority owned subsidiary of Manor
Holdings. Approximately 10.3% of the outstanding shares of IDB Holding owned by
Manor and Manor Holdings are subject to the IDB Shareholders Agreement. The
additional shares of IDB Holding owned by Manor Holdings are not subject to the
IDB Shareholders Agreement. Ruth Manor's husband, Isaac Manor, and their son,
Dori Manor, are directors of IDB Holding, IDB Development and DIC and Dori Manor
is a director of Elron as well.
Avraham Livnat owned through Avraham Livnat Ltd. approximately 13.3% of the
outstanding shares of IDB Holding, including approximately 10.2% of the
outstanding shares of IDB Holding owned through Livnat which is a wholly owned
subsidiary of Avraham Livnat Ltd. Approximately 10.3% of the outstanding shares
of IDB Holding owned by Livnat and Avraham Livnat Ltd. are subject to the IDB
Shareholders Agreement. The additional shares of IDB Holding owned Avraham
Livnat Ltd. are not subject to the IDB Shareholders Agreement. Avraham Livnat's
son, Zvi Livnat, is a director of IDB Holding, IDB Development and DIC; and
another son of Avraham Livnat, Shay Livnat, is a director of IDB Development and
Elron.
Page 10 of 19 pages
The name, citizenship, residence or business address and present principal
occupation of the directors and executive officers of (i) Elron, (ii) DIC, (iii)
IDB Development and (iv) IDB Holding are set forth in Schedules A, B, C and D
attached hereto, respectively, and incorporated herein by reference. These
Schedules replace Schedules A, B, C and D previously attached to the Statement.
(d) None of the Reporting Persons or, to the knowledge of the Reporting
Persons, any director or executive officer named in Schedules A, B, C and D to
this Amendment, has, during the last five years, been convicted in any criminal
proceeding, excluding traffic violations and similar misdemeanors, except as
follows:
In February 2010, the Supreme Court of Israel reversed, in appeal proceedings
initiated by the prosecution in December 2004, the acquittal of DIC, several
past executive officers of DIC and one of its other officers by the Tel Aviv
District Court in November 2004 in appeal proceedings initiated by them in June
2002, and reinstated their conviction by the Tel Aviv Magistrate's Court back in
February 2002, of criminal offenses under the Israeli Securities Act, 1968,
regarding the inclusion of a misleading detail in DIC's annual and quarterly
financial statements in order to mislead a reasonable investor by not attaching
the financial statements of certain companies to DIC's financial statements in
respect of the financial reporting periods from 1990 through the first quarter
of 1995 filed with the Tel Aviv Stock Exchange and the Israeli Registrar of
Companies. In April 2010, the Supreme Court imposed on DIC a fine penalty of NIS
800,000 (then approximately $215,900). None of the activities underlying the
legal proceedings described above, which activities ended in May 1995, relate to
or involve the Issuer or its business in any way.
(e) None of the Reporting Persons or, to the knowledge of the Reporting
Persons, any director or executive officer named in Schedules A, B, C and D to
this Amendment, has, during the last five years, been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction which
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
As of February 10, 2011, Elron beneficially owned an aggregate of 410,562 shares
of Common Stock, or approximately 3.3%, of the Common Stock. This percentage was
calculated based on 12,195,909 shares of Common Stock outstanding, as reported
in the Issuer's Report on Form 10Q filed with the Securities and Exchange
Commission on November 17, 2010.
Each of DIC, IDB Development, IDB Holding and the Reporting Persons who are
natural persons may be deemed beneficial owners of, and to share the power to
vote and dispose of, these shares of Common Stock. Each of these Reporting
Persons disclaims beneficial ownership of all the shares of Common Stock held by
Elron.
None of the Reporting Persons purchased and, except as set forth in this
Amendment, none of the Reporting Persons sold, any shares of Common Stock during
the 60 days prior to February 10, 2011.
Information provided to the Reporting Persons indicates that the executive
officers and directors of IDB Holding, IDB Development, DIC and Elron did not
own, as of February 10, 2011 any shares of Common Stock (including shares of
Common Stock that may be acquired pursuant to options or rights to purchase such
shares of Common Stock from the Issuer). According to the information provided
to the Reporting Persons, none of such executive officers and directors
purchased or sold any shares of Common Stock during the last 60 days prior to
February 10, 2011.
From January 3, 2011 through February10, 2011 Elron sold an aggregate of 363,464
shares of Common Stock in transactions in the open market for a total
consideration, before broker commissions, of approximately $1 million, the
details of which are set forth in Exhibit 1 hereto.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Schedules A, B, C and D - name, citizenship, residence or business address and
present principal occupation of the directors and executive
officers of (i) Elron, (ii) DIC, (iii) IDB Development and
(iv) IDB Holding.
Exhibit 1 Sales of shares of Common Stock by Elron
Page 11 of 19 pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this Statement is true,
complete and correct.
Date: February 17, 2011 ELRON ELECTRONIC INDUSTRIES LTD.
DISCOUNT INVESTMENT CORPORATION LTD.
IDB DEVELOPMENT CORPORATION LTD.
IDB HOLDING CORPORATION LTD.
NOCHI DANKNER
SHELLY BERGMAN
RUTH MANOR
AVRAHAM LIVNAT
BY: ELRON ELECTRONIC INDUSTRIES LTD.
(signed)
BY: ______________________________________
Yaron Elad, authorized signatory of Elron Electronic
Industries Ltd., for itself and on behalf of
Discount Investment Corporation Ltd., IDB
Development Corporation Ltd., IDB Holding
Corporation Ltd., Nochi Dankner, Shelly Bergman,
Ruth Manor and Avraham Livnat, pursuant to
agreements annexed to the initial Statement as
Exhibits 1 through 7.
Page 12 of 19 pages
Schedule A
Directors and Executive Officers
of
Elron Electronic Industries Ltd.
(as of February 10, 2011)
Citizenship is the same as country of address, unless otherwise noted.
Name & Address Position Current Principal Occupation
- -------------- -------- ----------------------------
Arie Mientkavich Chairman of the Chairman of Elron; Deputy Chairman of Gazit Globe
3 Azrieli Center, The Triangular Tower, 42nd Board of Directors Ltd and Chairman of Gazit Globe Israel
floor, Tel-Aviv 67023, Israel (Development) Ltd.
Ami Erel Director President & Chief Executive Officer of DIC;
3 Azrieli Center, The Triangular Tower, 44th Chairman of NetVision Ltd., Cellcom Israel Ltd.
floor, Tel-Aviv 67023, Israel Koor Industries Ltd. and Makhteshim Agan
Industries Ltd.
Avraham Asheri Director Director of companies.
12 Yoshpe Street, Apt. 7,
Mevasseret Zion 90805, Israel
Yaacov Goldman External Director Director of companies.
39 Nachlieli Street,
Hod Hasharon 45355, Israel
Gad Arbel External Director Director of Companies.
Hashalom 96,
Mevaseret Zion, 90805, Israel
Prof. Gabriel Barbash Director Director General of the Tel Aviv
14 Zisman Street, Sourasky Medical Center.
Ramat Gan 52521, Israel
Rona Dankner Director Director of Companies
3 Azrieli Center, The Triangular Tower,
Tel-Aviv 67023, Israel
Israel
Avi Fischer Director Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.
Shay Livnat Director President of Zoe Holdings Ltd.
3 Azrieli Center, The Triangular Tower, 45th
floor, Tel-Aviv 67023, Israel
Dori Manor (*) Director Chief Executive Officer of companies in the motor
103 Kahanman Street, vehicle sector of the David Lubinski Ltd. group.
Bnei Brak 51553, Israel
Arie Ovadia Director Director of companies.
10 Harav Amiel Street,
Tel Aviv, 62223, Israel
Ari Bronshtein Co-Chief Executive Vice President of DIC; Chief Executive Officer of
3 Azrieli Center, The Triangular Tower 44th Officer Elron.
floor, Tel-Aviv 67023, Israel
Yaron Elad Vice President and Vice President and Chief Financial Officer of
3 Azrieli Center, The Triangular Tower, 42nd Chief Financial Elron.
floor, Tel-Aviv 67023, Israel Officer
Nir Pinchas Comptroller Comptroller of Elron.
3 Azrieli Center, The Triangular Tower, 42nd
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France.
Page 13 of 19 pages
Schedule B
Directors and Executive Officers
of
Discount Investment Corporation Ltd.
(as of February 10, 2011)
Citizenship is the same as country of address, unless otherwise noted.
Name & Address Position Current Principal Occupation
- -------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman of IDB Holding; IDB Development, DIC and
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Clal Industries and Investments Ltd.; Businessman
floor, Tel-Aviv 67023, Israel and director of companies.
Zehava Dankner Director Director of companies.
64 Pinkas Street, Tel Aviv 62157, Israel
Zvi Livnat Director Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd..
Avi Fischer Director Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd..
Refael Bisker Director Chairman of Property and Building Corporation
3 Azrieli Center, The Triangular Tower, 44th Ltd. Co-Chairman of Shufersal Ltd.
floor, Tel-Aviv 67023, Israel
Mark Schimmel (*) Director Co-Managing Director of UKI Investments.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Shaul Ben-Zeev Director Chief Executive Officer of Avraham Livnat Ltd.
Taavura Junction,
Ramle 72102, Israel
Eliahu Cohen Director Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Gideon Lahav Director Director of companies.
124 Ehad Ha-Am Street,
Tel-Aviv 65208, Israel
Moshe Arad External Director Director of companies.
14 Shay Agnon Street,
Jerusalem 92586, Israel
Prof. Niv Ahituv External Director Professor at the Faculty of Management in the Tel
33 Drezner Street, Aviv University.
Tel Aviv 69496, Israel.
Isaac Manor (**) Director Chairman of companies in the motor vehicle sector
103 Kahanman Street, of the David Lubinski Ltd. group.
Bnei Brak 51553, Israel
Page 14 of 19 pages
Name & Address Position Current Principal Occupation
- -------------- -------- ----------------------------
Dori Manor (**) Director Chief Executive Officer of companies in the motor
103 Kahanman Street, vehicle sector of the David Lubinski Ltd. group.
Bnei Brak 51553, Israel
Haim Gavrieli Director Chief Executive Officer of IDB Holding; Executive
3 Azrieli Center, The Triangular Tower, 44th Vice President of IDB Development.
floor, Tel-Aviv 67023, Israel
Ami Erel President and Chief President and Chief Executive Officer of DIC;
3 Azrieli Center, The Triangular Tower, 44th Executive Officer Chairman of NetVision Ltd., Cellcom Israel Ltd.,
floor, Tel-Aviv 67023, Israel Koor Industries Ltd. and Makhteshim Agan
Industries Ltd.
Raanan Cohen Vice President Vice President of DIC; Chief Executive Officer of
3 Azrieli Center, The Triangular Tower, 44th Koor Industries Ltd.
floor, Tel-Aviv 67023, Israel
Ari Bronshtein Vice President Vice President of DIC; Chief Executive Officer of
3 Azrieli Center, The Triangular Tower, 44th Elron.
floor, Tel-Aviv 67023, Israel
Michel Dahan Vice President and Vice President and Chief Financial Officer of DIC.
3 Azrieli Center, The Triangular Tower, 44th Chief Financial
floor, Tel-Aviv 67023, Israel Officer
Asaf Topaz Vice President Vice President of DIC.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Motti Berenstain Comptroller Comptroller of DIC
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and the United Kingdom.
(**) Dual citizen of Israel and France
==============================
Schedule C
Directors and Executive Officers
of
IDB Development Corporation Ltd.
(as of February 10, 2011)
Citizenship is the same as country of address, unless otherwise noted.
Name & Address Position Current Principal Occupation
- -------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman of IDB Holding, IDB Development, DIC and
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Clal Industries and Investments Ltd.; Businessman
floor, Tel-Aviv 67023, Israel and director of companies.
Zehava Dankner Director Director of companies.
64 Pinkas Street, Tel Aviv 62157, Israel
Avi Fischer Deputy Chairman of Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th the Board of Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Directors Officer of Clal Industries and Investments Ltd..
Zvi Livnat Deputy Chairman of Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th the Board of Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Directors Officer of Clal Industries and Investments Ltd..
Page 15 of 19 pages
Name & Address Position Current Principal Occupation
- -------------- -------- ----------------------------
Refael Bisker Director Chairman of Property and Building Corporation
3 Azrieli Center, The Triangular Tower, 44th Ltd.; Co-Chairman of Shufersal Ltd.
floor, Tel-Aviv 67023, Israel
Jacob Schimmel Director Co-Managing Director of UKI Investments.
7 High field Gardens,
London NW11 9HD, United Kingdom
Shay Livnat Director President of Zoe Holdings Ltd.
3 Azrieli Center, The Triangular Tower, 45th
floor, Tel-Aviv 67023, Israel
Eliahu Cohen Director and Chief Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower 44th Executive Officer
floor, Tel-Aviv 67023, Israel
Isaac Manor (*) Director Chairman of companies in the motor vehicle sector
103 Kahanman Street, of the David Lubinski Ltd. group.
Bnei Brak 51553, Israel
Dori Manor (*) Director Chief Executive Officer of companies in the motor
103 Kahanman Street, vehicle sector of the David Lubinski Ltd. group.
Bnei Brak 51553, Israel
Abraham Ben Joseph Director Director of companies.
87 Haim Levanon Street,
Tel-Aviv 69345, Israel
Amos Malka Director Director of companies
18 Nahal Soreq Street,
Modi'in 71700, Israel
Prof. Yoram Margalioth Director Senior lecturer (expert on tax laws) at the
16 Ha'efroni Street, Faculty of Law in the Tel Aviv University.
Raanana 43724, Israel
Irit Izakson Director Director of companies.
15 Great Matityahou Cohen Street,
Tel-Aviv 62268, Israel
Lior Hannes Senior Executive Senior Executive Vice President of IDB
3 Azrieli Center, The Triangular Tower, 44th Vice President Development; Chief Executive Officer of IDB
floor, Tel-Aviv 67023, Israel Investments (U.K.) Ltd.
Dr. Eyal Solganik Executive Vice Executive Vice President and Chief Financial
3 Azrieli Center, The Triangular Tower, 44th President and Chief Officer of IDB Development; Chief Financial
floor, Tel-Aviv 67023, Israel Financial Officer Officer of IDB Holding.
Ari Raved Vice President Vice President of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Gonen Bieber ** Vice President and Vice President and Chief Financial Officer of Clal
3 Azrieli Center, The Triangular Tower, 45th finance manager Industries and Investments Ltd.; Vice President
floor, Tel-Aviv 67023, Israel and finance manager of IDB Development; Finance
manager of IDB Holding.
Haim Gavrieli Executive Vice Chief Executive Officer of IDB Holding; Executive
3 Azrieli Center, The Triangular Tower, 44th President Vice President of IDB Development.
floor, Tel-Aviv 67023, Israel
Page 16 of 19 pages
Name & Address Position Current Principal Occupation
- -------------- -------- ----------------------------
Haim Tabouch Vice President Vice President Comptrolling of IDB Development;
3 Azrieli Center, The Triangular Tower, 44th Comptrolling Comptroller of IDB Holding.
floor, Tel-Aviv 67023, Israel
Amir Harosh Comptroller Comptroller of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France.
(**) Dual citizen of Israel and the Republic of Germany.
==============================
Schedule D
Directors and Executive Officers
of
IDB Holding Corporation Ltd.
(as of February 10, 2011)
Citizenship is the same as country of address, unless otherwise noted.
Name & Address Position Current Principal Occupation
- -------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman of IDB Holding, IDB Development, DIC and
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Clal Industries and Investments Ltd.; Businessman
floor, Tel-Aviv 67023, Israel and director of companies.
Isaac Manor (*) Deputy Chairman of Chairman of companies in the motor vehicle sector
103 Kahanman Street, the Board of of the David Lubinski Ltd. group.
Bnei Brak 51553, Israel Directors
Arie Mientkavich Vice Chairman of Chairman of Elron; Deputy Chairman of Gazit-Globe
3 Azrieli Center, The Triangular Tower, 42nd the Board of Ltd. and Chairman of Gazit-Globe Israel
floor, Tel-Aviv 67023, Israel Directors (Development) Ltd.
Zehava Dankner Director Director of companies.
64 Pinkas Street, Tel Aviv 62157, Israel
Lior Hannes Director Senior Executive Vice President of IDB
3 Azrieli Center, The Triangular Tower, 44th Development; Chief Executive Officer of IDB
floor, Tel-Aviv 67023, Israel Investments (U.K.) Ltd.
Refael Bisker Director Chairman of Property and Building Corporation
3 Azrieli Center, The Triangular Tower, 44th Ltd.; Co-Chairman of Shufersal Ltd.
floor, Tel-Aviv 67023, Israel
Jacob Schimmel Director Co-Managing Director of UKI Investments.
7 High field Gardens,
London NW11 9HD, United Kingdom
Shaul Ben-Zeev Director Chief Executive Officer of Avraham Livnat Ltd.
Taavura Junction, Ramle 72102, Israel
Eliahu Cohen Director Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Dori Manor (*) Director Chief Executive Officer of companies in the motor
103 Kahanman Street, vehicle sector of the David Lubinski Ltd. group.
Bnei Brak 51553, Israel
Page 17 of 19 pages
Name & Address Position Current Principal Occupation
- -------------- -------- ----------------------------
Meir Rosenne Director Attorney.
8 Oppenheimer Street, Ramat Aviv,
Tel Aviv 69395, Israel
Shmuel Dor External Director Head of auditing of subsidiaries of Clalit Health
7 Tarad Street, Ramat Gan 52503, Israel Services
Zvi Dvoresky External Director Chief Executive Officer of Beit Kranot Trust Ltd.
3 Biram Street, Haifa 34986, Israel
Zvi Livnat Director and Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Executive Vice Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel President Officer of Clal.
Haim Gavrieli Chief Executive Chief Executive Officer of IDB Holding; Executive
3 Azrieli Center, The Triangular Tower, 44th Officer Vice President of IDB Development.
floor, Tel-Aviv 67023, Israel
Avi Fischer Executive Vice Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th President Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd..
Dr. Eyal Solganik Chief Financial Chief Financial Officer of IDB Holding; Executive
3 Azrieli Center, The Triangular Tower, 44th Officer Vice President and Chief Financial Officer of IDB
floor, Tel-Aviv 67023, Israel Development.
Haim Tabouch Comptroller Comptroller of IDB Holding; Vice President
3 Azrieli Center, The Triangular Tower, 44th Comptrolling of IDB Development.
floor, Tel-Aviv 67023, Israel
* Dual citizen of Israel and France.
Page 18 of 19 pages
Exhibit 1
Sales of shares of Common Stock by Elron
- -------------------------------------- ----------------------------------- -----------------------------------
AMOUNT OF PRICE PER SHARE
TRADE DATE SHARES OF COMMON STOCK (IN US$)
- -------------------------------------- ----------------------------------- -----------------------------------
January 3, 2011 500 3.10
- -------------------------------------- ----------------------------------- -----------------------------------
4,000 3.05
- -------------------------------------- ----------------------------------- -----------------------------------
500 3.04
- -------------------------------------- ----------------------------------- -----------------------------------
500 3.04
- -------------------------------------- ----------------------------------- -----------------------------------
500 3.00
- -------------------------------------- ----------------------------------- -----------------------------------
600 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
988 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
1,900 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
5,462 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
538 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
600 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
5,400 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
600 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
7,300 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
600 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
12 2.95
- -------------------------------------- ----------------------------------- -----------------------------------
January 6, 2011 5,000 2.85
- -------------------------------------- ----------------------------------- -----------------------------------
1,200 2.85
- -------------------------------------- ----------------------------------- -----------------------------------
5,000 2.85
- -------------------------------------- ----------------------------------- -----------------------------------
100 2.85
- -------------------------------------- ----------------------------------- -----------------------------------
100 2.85
- -------------------------------------- ----------------------------------- -----------------------------------
January 13, 2011 364 2.68
- -------------------------------------- ----------------------------------- -----------------------------------
100 2.68
- -------------------------------------- ----------------------------------- -----------------------------------
January 14, 2011 500 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
500 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
500 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
500 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
5,900 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
100 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
January 18, 2011 500 2.80
- -------------------------------------- ----------------------------------- -----------------------------------
5,000 2.80
- -------------------------------------- ----------------------------------- -----------------------------------
4,500 2.80
- -------------------------------------- ----------------------------------- -----------------------------------
February 9, 2011 1,600 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
February 10, 2011 500 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
45,000 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
500 2.70
- -------------------------------------- ----------------------------------- -----------------------------------
200 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
2,450 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
500 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
500 2.72
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.73
- -------------------------------------- ----------------------------------- -----------------------------------
1,500 2.73
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.73
- -------------------------------------- ----------------------------------- -----------------------------------
1,000 2.73
- -------------------------------------- ----------------------------------- -----------------------------------
500 2.73
- -------------------------------------- ----------------------------------- -----------------------------------
300 2.75
- -------------------------------------- ----------------------------------- -----------------------------------
240,050 2.75
- -------------------------------------- ----------------------------------- -----------------------------------
Page 19 of 19 pages