-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GW7KSRSBo4ICKCfB4wp8x2fiOPxbIYcIsBPf9ep8yEul0idlGQdb6KJuxu8jDkzS OOlNf2x38dIHrCiSM6gydw== 0001178913-04-001487.txt : 20041109 0001178913-04-001487.hdr.sgml : 20041109 20041109115657 ACCESSION NUMBER: 0001178913-04-001487 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041109 DATE AS OF CHANGE: 20041109 GROUP MEMBERS: AVRAHAM LIVNAT GROUP MEMBERS: DEP TECHNOLOGY HOLDINGS LTD. GROUP MEMBERS: DISCOUNT INVESTMENT CORPORATION LTD. GROUP MEMBERS: ELRON ELECTRONIC INDUSTRIES LTD. GROUP MEMBERS: IDB DEVELOPMENT CORPORATION LTD. GROUP MEMBERS: NOCHI DANKNER GROUP MEMBERS: RDC RAFAEL DEVELOPMENT CORPORATION LTD. GROUP MEMBERS: RUTH MANOR GROUP MEMBERS: SHELLY BERGMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GIVEN IMAGING LTD CENTRAL INDEX KEY: 0001126140 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-62155 FILM NUMBER: 041128105 BUSINESS ADDRESS: STREET 1: 2 HA CARMEL ST STREET 2: NEW INDUSTRIAL PARK CITY: YOQNEAM STATE: L4 ZIP: 20692 MAIL ADDRESS: STREET 1: 2 HA CARMEL ST CITY: YOQNEAM STATE: L4 ZIP: 20692 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: IDB HOLDING CORP LTD CENTRAL INDEX KEY: 0000919593 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3 AZRIELI CENTER STREET 2: THE TRIANGULAR TOWER, 44TH FLOOR CITY: TEL AVIV ISRAEL BUSINESS PHONE: 2122511153 MAIL ADDRESS: STREET 1: 511 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 zk41109.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 4) * Given Imaging Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Ordinary Shares - -------------------------------------------------------------------------------- (Title of Class of Securities) 2797140 - -------------------------------------------------------------------------------- (CUSIP Number) Paul Weinberg, Adv. 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) November 4, 2004 - -------------------------------------------------------------------------------- (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 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) RDC Rafael 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 2,732,310 Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 2,732,310 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 2,732,310 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 9.9% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 2 of 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) DEP Technology Holdings 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 2,732,310 Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 2,732,310 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,732,310 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 9.9% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 3 of 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 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) WC - -------------------------------------------------------------------------------- 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 10,277,733 (1) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 6,815,292 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 10,277,733 (1) - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 37.4% (1) - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- (1) Includes an aggregate of 3,462,441 shares that are owned by Discount Investment Corporation Ltd. ("DIC"), which Elron Electronic Industries Ltd. ("Elron") may be deemed to share voting power of, and to beneficially own, as a result of a voting agreement between Elron and DIC described in Item 6 of Amendment No. 1 on Schedule 13D/A previously filed with the Securities and Exchange Commission by the Reporting Persons with respect to Given Imaging Ltd. Page 4 of 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 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 10,277,733 Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 10,277,733 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 10,277,733 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 37.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 5 of 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 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 10,277,733 Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 10,277,733 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 10,277,733 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 37.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 6 of 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 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 10,277,733 Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 10,277,733 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 10,277,733 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 37.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 7 of 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 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 10,277,733 Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 10,277,733 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 10,277,733 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 37.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Page 8 of 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 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 10,277,733 Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 10,277,733 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 10,277,733 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 37.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Page 9 of 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Ruth Manor - -------------------------------------------------------------------------------- 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 10,277,733 Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 10,277,733 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 10,277,733 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 37.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Page 10 of 26 pages SCHEDULE 13D/A CUSIP NO. 2797140 - -------------------------------------------------------------------------------- 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 10,277,733 Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 10,277,733 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 10,277,733 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 37.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Page 11 of 26 pages This Amendment No. 4 on Schedule 13D/A (the "Amendment") amends the Statement on Schedule 13D, as amended, previously filed with the Securities and Exchange Commission by RDC Rafael Development Corporation Ltd. ("RDC"), DEP Technology Holdings Ltd. ("DEP"), Elron, DIC, IDB Development Corporation Ltd. ("IDB Development"), IDB Holding Corporation Ltd. ("IDB Holding"), Nochi Dankner, Shelly Bergman, Ruth Manor and Avraham Livnat (the "Reporting Persons") (the "Statement") with respect to the ordinary shares, par value New Israeli Shekel 0.05 per share (the "Ordinary Shares"), of Given Imaging Ltd. (the "Issuer") to the extent specified herein. Capitalized terms used in this Amendment without being defined herein have the meanings given to them in the Statement. The Amendment is filed by the Reporting Persons in connection with changes in their ownership of the Ordinary Shares as a result of the purchase by Elron, from November 3 through November 8, 2004, an aggregate of 823,513 Ordinary Shares of the Issuer in the open market on NASDAQ National Market System and on the Tel Aviv Stock Exchange ("TASE"). The following amends and supplements Items 2, 3, 4, 5 and 7 of the Statement. Item 2. IDENTITY AND BACKGROUND (a), (b) and (c): The Reporting Persons. As of November 4, 2004: IDB Development owned approximately 67.2% of the outstanding shares of DIC. IDB Holding owned approximately 61% of the outstanding shares of IDB Development. In addition to approximately 31.02% of the outstanding shares of IDB Holding owned by Ganden, which is controlled by Nochi Dankner and Shelly Bergman through Ganden Holdings, Ganden Holdings itself owned directly approximately 3.15% of the outstanding shares of IDB Holding, and Shelly Bergman owned, through a private Israeli corporation which is wholly owned by her, approximately 7.3% of the outstanding shares of IDB Holding. The name, citizenship, residence or business address and present principal occupation of the directors and executive officers of (i) RDC, (ii) DEP, (iii) Elron, (iv) DIC, (v) IDB Development and (vi) IDB Holding are set forth in Schedules A, B, C, D, E and F attached hereto, respectively, and incorporated herein by reference. These Schedules replace Schedules A, B, C, D, E and F 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, D, E and F to this Amendment, has, during the last five years, been convicted in any criminal proceeding, excluding traffic violations and similar misdemeanors, except as provided below. Page 12 of 26 pages On November 1, 2004 the Tel Aviv District Court adjudicated to accept the appeal of DIC, several past executive officers of DIC and one of its other officers, to reverse the judgment of the Tel Aviv Magistrate's Court whereby they were convicted in February 2002 of certain criminal offenses under the Israeli Securities Act, 1968, as previously reported in the Statement, and to acquit them of all charges of allegedly committing such criminal offenses. As previously mentioned in the Statement, the activities underlying these legal proceedings ended in May 1995 and did not relate to or involve the Issuer or its business in any way. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION From November 3, 2004 through November 8, 2004 Elron purchased an aggregate of 823,513 Ordinary Shares in open market transactions on the NASDAQ National Market System and the TASE as set forth below in the response to Item 5 for a total purchase price of approximately $24,688,985. Elron used its own funds to acquire such Ordinary Shares. Item 4. PURPOSE OF TRANSACTION The Ordinary Shares acquired by Elron were purchased for investment purposes. If the Reporting Persons believe it to be in their interests, the Reporting Persons may, at any time, from time to time, acquire additional Ordinary Shares, or sell all or any portion of the Ordinary Shares held by them, in open market or private transactions or otherwise, at prices and other terms acceptable to the purchasing or selling Reporting Persons, as applicable, subject to applicable law. Open market transactions may be on the NASDAQ National Market or on the TASE. Item 5. INTEREST IN SECURITIES OF THE ISSUER As of November 8, 2004: RDC owned directly 2,732,310 Ordinary Shares, or approximately 9.9% of the outstanding Ordinary Shares. RDC shares the power to vote and dispose of these Ordinary Shares. DEP may be deemed beneficial owner of, and to share the power to vote and dispose of, these 2,732,310 Ordinary Shares. Elron owned directly 4,082,982 Ordinary Shares, or approximately 14.9% of the outstanding Ordinary Shares. Elron shares the power to vote and dispose of these Ordinary Shares, and may be deemed to share the power to vote and dispose of the 2,732,310 Ordinary Shares owned by RDC, and also, by reason of a voting agreement between Elron and DIC dated September 29, 2003, as described in Item 6 of Amendment No. 1 to the Statement, Elron shares the power to vote 3,462,441 Ordinary Shares owned by DIC. As a result of the foregoing, Elron may be deemed beneficial owner of a total of 10,277,733 Ordinary Shares, constituting approximately 37.4% of the outstanding Ordinary Shares. DIC owned directly 3,462,441 Ordinary Shares, or approximately 12.6% of the outstanding Ordinary Shares. DIC shares the power to vote and dispose of these Ordinary Shares, and may be deemed to share the power to vote and dispose of the 6,815,292 Ordinary Shares owned by RDC and Elron, or a total of 10,277,733 Ordinary Shares, constituting approximately 37.4% of the outstanding Ordinary Shares. Page 13 of 26 pages IDB Development, IDB Holding and the Reporting Persons who are natural persons may each be deemed beneficial owner of, and to share the power to vote and dispose of, an aggregate of 10, 277,733 Ordinary Shares held by RDC, Elron and DIC, or approximately 37.4% of the outstanding Ordinary Shares. As of September 30, 2004, there were 27,475, 086 outstanding Ordinary Shares. The percentages of the outstanding Ordinary Shares set forth above are based on this number. Since September 4, 2004, Elron purchased an aggregate of 621,000 Ordinary Shares in open market transactions on the NASDAQ National Market System:
Average Price per Share Date Amount of Ordinary Shares (excluding commissions) - ---- ------------------------- ----------------------- November 3, 2004 180,000 $29.48 November 3, 2004 20,000 $29.63 November 4, 2004 200,000 $29.77 November 5, 2004 200,000 $30.41 November 8, 2004 21,000 $30.66
Since September 4, 2004, Elron purchased an aggregate of 202,513 Ordinary Shares in open market transactions on the TASE.
Amount of Average Price per Share U.S.Dollar/NIS Date Ordinary Shares (excluding commissions) Exchange Rate - ---- --------------- ----------------------- ------------- November 4, 2004 100,000 $29.48 $1=NIS4.437 November 7, 2004 27,513 $30.77 $1=NIS4.434 November 8, 2004 75,000 $30.87 $1=NIS4.426
Except as aforesaid, none of the Reporting Persons purchased or sold any Ordinary Shares since September 4, 2004. Information provided to the Reporting Persons indicates that the executive officers and directors of IDB Holding, IDB Development, DIC, Elron, DEP and RDC owned as of November 4, 2004 an aggregate of 62,558 Ordinary Shares (including 36,000 Ordinary Shares that may be acquired pursuant to options that are exercisable within 60 days of November 4, 2004 to purchase such shares from the Issuer). Item 7. Material to be filed as Exhibits Schedules A, Name, citizenship, residence or business address and present principal occupation of the B, C, D, E directors and executive officers of (i) RDC, (ii) DEP, (iii) Elron, (iv) DIC, (v) IDB and F - Development and (vi) IDB Holding.
Page 14 of 26 pages SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this Amendment is true, complete and correct. Date: November 9, 2004 RDC RAFAEL DEVELOPMENT CORPORATION LTD. DEP TECHNOLOGY HOLDINGS LTD. 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: IDB HOLDING CORPORATION LTD. (signed) BY: ______________________________ Haim Tabouch and Arthur Caplan, authorized signatories of IDB Holding Corporation Ltd., for itself and on behalf of RDC Rafael Development Corporation Ltd., DEP Technology Holdings Ltd., Elron Electronic Industries Ltd., Discount Investment Corporation Ltd., IDB Development Corporation Ltd., Nochi Dankner, Shelly Bergman, Ruth Manor and Avraham Livnat, pursuant to agreements annexed to the Statement as Exhibits 2 through 10. Page 15 of 26 pages Schedule A Directors and Executive Officers o f RDC RAFAEL DEVELOPMENT CORPORATION LTD. (as of November 4, 2004) Citizenship is the same as country of address, unless otherwise noted. Name & Address Position Current Principal Occupation - -------------- -------- ---------------------------- Ami Erel (1) Chairman of the President and Chief Executive Officer of DIC. 3 Azrieli Center, The Triangular Tower, 44th Board of Directors floor, Tel-Aviv 67023, Israel Raanan Cohen Director Vice President of DIC. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Avishai Friedman Director Manager, Business Development of Elron. 3 Azrieli Center, The Triangular Tower, 42nd floor, Tel-Aviv 67023, Israel Jacob Ironi Director Director Subsidiary Companies of Rafael Armament Rafael, Haifa, Israel Development Authority Ltd. Michael Wainer Director Vice President for Finance and Chief Financial Rafael, Haifa, Israel Officer of Rafael Armament Development Authority Ltd. Giora Shalgi (2) Director President and Chief Executive Officer of Rafael Rafael, Haifa, Israel Armament Development Authority Ltd. Doron Birger Director President and Chief Executive Officer of Elron. 3 Azrieli Center, The Triangular Tower, 42nd floor, Tel-Aviv 67023, Israel Tal Raz Director Vice President, Chief Financial Officer of Elron. 3 Azrieli Center, The Triangular Tower, 42nd floor, Tel-Aviv 67023, Israel Eitan Yudilevich, PhD. Director Corporate Vice President, Business Development P.O.B. 2250, Haifa 31021, Israel and Marketing of Rafael Armament Development Authority Ltd. Reuben Baron (3) Chief Executive President and Chief Executive Officer of RDC. Yoqneam Industrial Park, Building 7, Yoqneam Officer 20600, Israel
Page 16 of 26 pages Ronit Ben-Haiyun Finance Officer Finance Officer of RDC. Yoqneam Industrial Park, Building 7, Yoqneam 20600, Israel
(1) As of November 4, 2004 Mr. Erel owned 21,751 Ordinary Shares. (2) As of November 4, 2004 Mr. Shalgi owned 3,807 Ordinary Shares. (3) As of November 4, 2004 Mr. Baron owned 1,000 Ordinary Shares. Based on information provided to the Reporting Persons, during the past five years, none of the persons listed above has been convicted, or is subject to a judgment, decree or final order, in any of the legal proceedings enumerated in Items 2 (d) and 2 (e) of Schedule 13D. Page 17 of 26 pages Schedule B Directors and Executive Officers o f DEP TECHNOLOGY HOLDINGS LTD. (as of November 4, 2004) Citizenship is the same as country of address, unless otherwise noted. Name & Address Position Current Principal Occupation - -------------- -------- ---------------------------- Doron Birger Director President and Chief Executive Officer of Elron. 3 Azrieli Center, The Triangular Tower, 42nd floor, Tel-Aviv 67023, Israel Moshe Fourier Vice President & Vice President and Chief Technology Officer of 3 Azrieli Center, The Triangular Tower, 42nd Chief Technology Elron. floor, Tel-Aviv 67023, Israel Officer Tal Raz Director Vice President, Chief Financial Officer of Elron. 3 Azrieli Center, The Triangular Tower, 42nd floor, Tel-Aviv 67023, Israel Paul Weinberg Director General Counsel and Corporate Secretary of Elron. 3 Azrieli Center, The Triangular Tower, 42nd floor, Tel-Aviv 67023, Israel
Based on information provided to the Reporting Persons, during the past five years, none of the persons listed above has been convicted, or is subject to a judgment, decree or final order, in any of the legal proceedings enumerated in Items 2 (d) and 2 (e) of Schedule 13D. Page 18 of 26 pages Schedule C Directors and Executive Officers of ELRON ELECTRONIC INDUSTRIES LTD. (as of November 4, 2004) Citizenship is the same as country of address, unless otherwise noted. Name & Address Position Current Principal Occupation - -------------- -------- ---------------------------- Ami Erel (1) Chairman of the President & Chief Executive Officer of DIC. 3 Azrieli Center, The Triangular Tower, 44th Board of Directors floor, Tel-Aviv 67023, Israel Avraham Asheri Director Director of companies 12 Yoshpe Street, Apt. 7, Mevasseret Zion 90805, Israel Yaacov Goldman External Director Certified Public Accountant 39 Nachlieli Street, Hod Hasharon 45355, Israel Prof. Gabriel Barbash Director Director General of the Tel Aviv 14 Zisman Street, Sourasky Medical Center. Ramat Gan 52521, Israel Dr. Chen Barir (2) Director Chairman of Berman & Co. Trading and Director of 26 Harav Amiel Street, companies. Tel Aviv 62263, 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. Oren Lieder Director Senior Vice President and Chief Financial Officer 3 Azrieli Center, The Triangular Tower, 44th of DIC. floor, Tel-Aviv 67023, Israel Dori Manor (*) Director Chief Executive Officer of companies in the motor 18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group. Dr. Dalia Megiddo (3) Director Managing Partner of InnoMed Ventures L.P Globus Communication Center, Suite 220, Neve Ilan 90850, Israel Prof. Yair Be'ery Director Professor - Department of Electrical Engineering, 6 Sweden Street, Tel Aviv University. Petah Tikva 49317, Israel
Page 19 of 26 pages Professor Daniel Sipper External Director Professor - Department of Engineering, Tel Aviv 3 Kadesh Barnea Street, Apt. 39 University Tel Aviv 69986, Israel Doron Birger President and Chief President and Chief Executive Officer of Elron. 3 Azrieli Center, The Triangular Tower, 42nd Executive Officer floor, Tel-Aviv 67023, Israel Moshe Fourier Vice President and Vice President and Chief Technology Officer of 3 Azrieli Center, The Triangular Tower, 42nd Chief Technology Elron. floor, Tel-Aviv 67023, Israel Officer Tal Raz Vice President, Vice President, Chief Financial Officer of Elron. 3 Azrieli Center, The Triangular Tower, 42nd Chief Financial floor, Tel-Aviv 67023, Israel Officer Shmuel Kidron Vice President Vice President of Elron. 3 Azrieli Center, The Triangular Tower, 42nd floor, Tel-Aviv 67023, Israel Avishai Friedman Vice President Vice President - Business Development of Elron 3 Azrieli Center, The Triangular Tower, 42nd Business Development floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France. (1) As of November 4, 2004 Mr. Erel owned 21,751 Ordinary Shares. (2) As of November 4, 2004 Dr. Barir owned options that are exercisable within 60 days of such date to purchase from the Issuer 25,000 Ordinary Shares at a price of $12 per share. (3) As of November 4, 2004 Dr. Megiddo owned options that are exercisable within 60 days of such date to purchase from the Issuer 11,000 Ordinary Shares at a price of $12.15 per share. Based on information provided to the Reporting Persons, during the past five years, none of the persons listed above has been convicted, or is subject to a judgment, decree or final order, in any of the legal proceedings enumerated in Items 2 (d) and 2 (e) of Schedule 13D. Page 20 of 26 pages Schedule D Directors and Executive Officers of DISCOUNT INVESTMENT CORPORATION LTD. (as of November 4, 2004) Citizenship is the same as country of address, unless otherwise noted. Name & Address Position Current Principal Occupation - -------------- -------- ---------------------------- Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB 3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and floor, Tel-Aviv 67023, Israel Clal Industries and Investments Ltd.; Director of companies. Shelly Bergman Director Director of companies. 12 Recanati Street, Ramat-Aviv Gimmel, Tel-Aviv 69494, 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. Lior Hannes Director Executive Vice President of IDB Development; 3 Azrieli Center, The Triangular Tower, 44th Chairman of Clal Tourism Ltd. floor, Tel-Aviv 67023, Israel Refael Bisker Director Chairman of Property and Building Corporation Ltd. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Jacob Schimmel Director Co-director of UKI Investments. 54-56 Euston Street, London NW1, 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
Page 21 of 26 pages Gideon Lahav Director Director of companies. 124 Ehad Ha-Am Street, Tel-Aviv 65208, Israel Nahum Admoni External Director Director of companies. 26 Ben Josef Street, Ramat Aviv Gimel, Tel-Aviv 69125, Israel Gideon Dover External Director Chief Executive Officer and director of Dover 11 Hamaalot Street, Herzlia B 46583, Israel Medical and Scientific Equipment Ltd. Isaac Manor (*) Director Chairman of companies in the motor vehicle sector 26 Hagderot Street, Savion 56526, Israel of the David Lubinski Ltd. group. Dori Manor (*) Director Chief Executive Officer of companies in the motor 18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group. Darko Horvat (**) Director President of Aktiva group. Aktiva Group, 12 Carlos Place, London W1K 2ET, United Kingdom Ami Erel (1) President and Chief President and Chief Executive Officer of DIC. 3 Azrieli Center, The Triangular Tower, 44th Executive Officer floor, Tel-Aviv 67023, Israel Oren Lieder Senior Vice Senior Vice President and Chief Financial Officer 3 Azrieli Center, The Triangular Tower, 44th President and Chief of DIC. floor, Tel-Aviv 67023, Israel Financial Officer Raanan Cohen Vice President Vice President of DIC. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Michel Dahan Comptroller Comptroller of DIC. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France. (**) Citizen of Slovenia. (1) As of November 4, 2004 Mr. Erel owned 21,751 Ordinary Shares. Based on information provided to the Reporting Persons, during the past five years, none of the persons listed above has been convicted, or is subject to a judgment, decree or final order, in any of the legal proceedings enumerated in Items 2 (d) and 2 (e) of Schedule 13D. Page 22 of 26 pages Schedule E Directors and Executive Officers of IDB DEVELOPMENT CORPORATION LTD. (as of November 4, 2004) Citizenship is the same as country of address, unless otherwise noted. Name & Address Position Current Principal Occupation - -------------- -------- ---------------------------- Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB 3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and floor, Tel-Aviv 67023, Israel Clal Industries and Investments Ltd.; Director of companies. Shelly Bergman Director Director of companies. 12 Recanati Street, Ramat-Aviv Gimmel, Tel-Aviv 69494, 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. Refael Bisker Director Chairman of Property and Building Corporation Ltd. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Jacob Schimmel Director Co-director of UKI Investments. 54-56 Euston Street, London NW1, United Kingdom Shay Livnat Director President of Zoe Holdings Ltd. 26 Shalva Street, Herzlia Pituach 46705, 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 26 Hagderot Street, Savion 56526, Israel of the David Lubinski Ltd. group. Dori Manor (*) Director Chief Executive Officer of companies in the motor 18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group.
Page 23 of 26 pages Darko Horvat (**) Director President of Aktiva group. Aktiva Group, 12 Carlos Place, London W1K 2ET, United Kingdom Abraham Ben Joseph Director Director of companies. 87 Haim Levanon Street, Tel-Aviv 69345, Israel Rami (Avraham) Mardor External Director Director of companies. 33 Haoranim Street, Kfar Shmariyahu 46910, Israel Lior Hannes Executive Vice Executive Vice President of IDB Development; 3 Azrieli Center, The Triangular Tower, 44th President Chairman of Clal Tourism Ltd. floor, Tel-Aviv 67023, Israel Daniel Vaknin Executive Vice Executive Vice President of IDB Development. 3 Azrieli Center, The Triangular Tower, 44th President floor, Tel-Aviv 67023, Israel Dr. Zehavit Joseph (***) 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. Avi Shani Vice President, Vice President, Investments and Chief Economist 3 Azrieli Center, The Triangular Tower, 44th Investments and of IDB Development. floor, Tel-Aviv 67023, Israel Chief Economist Ari Raved Vice President Vice President of IDB Development. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Haim Tabouch Comptroller Comptroller of IDB Holding and IDB Development. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Ruti Sapan Vice President, Vice President, Management Resources of IDB 3 Azrieli Center, The Triangular Tower, 44th Management Resources Development. floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France. (**) Citizen of Slovenia. (***) Dual citizen of Israel and U.S.A. Based on information provided to the Reporting Persons, during the past five years, none of the persons listed above has been convicted, or is subject to a judgment, decree or final order, in any of the legal proceedings enumerated in Items 2 (d) and 2 (e) of Schedule 13D. Page 24 of 26 pages Schedule F Directors and Executive Officers of IDB HOLDING CORPORATION LTD. (as of November 4, 2004) Citizenship is the same as country of address, unless otherwise noted. Name & Address Position Current Principal Occupation - -------------- -------- ---------------------------- Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB 3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and floor, Tel-Aviv 67023, Israel and Chief Executive Clal Industries and Investments Ltd.; Director of Officer companies. Isaac Manor (*) Deputy Chairman of Chairman of companies in the motor vehicle sector 26 Hagderot Street, Savion 56526, Israel the Board of of the David Lubinski Ltd. group. Directors Shelly Bergman Director Director of companies. 12 Recanati Street, Ramat-Aviv Gimmel, Tel-Aviv 69494, Israel Lior Hannes Director Executive Vice President of IDB Development; 3 Azrieli Center, The Triangular Tower, 44th Chairman of Clal Tourism Ltd. floor, Tel-Aviv 67023, Israel Refael Bisker Director Chairman of Property and Building Corporation Ltd. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Jacob Schimmel Director Co-director of UKI Investments. 54-56 Euston Street, London NW1, 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 18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group. Darko Horvat (**) Director President of Aktiva group. Aktiva Group, 12 Carlos Place, London W1K 2ET, United Kingdom
Page 25 of 26 pages Meir Rosenne Director Attorney. 14 Aluf Simchoni Street, Jerusalem 92504, Israel Shmuel Lachman External Director Information technology consultant 9A Khilat Jatomir Street, Tel Aviv 69405, Israel Daniel Doron External Director Business consultant. 16 Levi Eshkol Street, Tel Aviv 69361, Israel Rolando Eisen External Director Director of companies. 2 "A" Geiger Street, Naveh Avivim, Tel Aviv 69341, 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 Industries and Investments Ltd. 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. Zehavit Joseph (***) 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 and IDB Development. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France. (**) Citizen of Slovenia. (***) Dual citizen of Israel and U.S.A. Based on information provided to the Reporting Persons, during the past five years, none of the persons listed above has been convicted, or is subject to a judgment, decree or final order, in any of the legal proceedings enumerated in Items 2 (d) and 2 (e) of Schedule 13D. Page 26 of 26 pages -----END PRIVACY-ENHANCED MESSAGE-----