SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Sultzbaugh Marc (Last) (First) (Middle) 350 OAKMEAD PARKWAY SUITE 100 (Street) SUNNYVALE CA 94085 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Mellanox Technologies, Ltd. [ MLNX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) VP World Wide Sales
	3. Date of Earliest Transaction (Month/Day/Year) 11/02/2012
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	11/02/2012		M		3,600	A	$10.23	51,613(1)	D
Ordinary Shares	11/02/2012		S		3,600	D	$80.0922(2)	48,013(1)	D
Ordinary Shares	11/05/2012		M		1,400	A	$10.23	49,413(1)	D
Ordinary Shares	11/05/2012		S		1,400	D	$80.1193(3)	48,013(1)	D
Ordinary Shares	11/06/2012		M		1,800	A	$10.23	49,813(1)	D
Ordinary Shares	11/06/2012		S		1,800	D	$85.5561(4)	48,013(1)	D
Ordinary Shares	11/06/2012		M		3,200	A	$10.23	51,213(1)	D
Ordinary Shares	11/06/2012		S		3,200	D	$86.4549(5)	48,013(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$10.23	11/02/2012		M			3,600	(6)	04/21/2019	Ordinary Shares	3,600	$0.00	55,272	D
Stock Option (Right to Buy)	$10.23	11/05/2012		M			1,400	(6)	04/21/2019	Ordinary Shares	1,400	$0.00	53,872	D
Stock Option (Right to Buy)	$10.23	11/06/2012		M			5,000	(6)	04/21/2019	Ordinary Shares	5,000	$0.00	48,872	D

Explanation of Responses:

1. Includes 37,250 unvested Restricted Share Units (RSU's). Upon vesting thereof, the Reporting Person is entitled to receive one (1) Ordinary Share for each one (1) RSU upon vesting.

2. This transaction was executed in multiple trades in prices ranging from $80.00 to $80.26. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a stockholder of the Issuer, information regarding the number of shares and prices at which the transaction was effected.

3. This transaction was executed in multiple trades in prices ranging from $80.01 to $80.20. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a stockholder of the Issuer, information regarding the number of shares and prices at which the transaction was effected.

4. This transaction was executed in multiple trades in prices ranging from $85.00 to $85.82. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a stockholder of the Issuer, information regarding the number of shares and prices at which the transaction was effected.

5. This transaction was executed in multiple trades in prices ranging from $86.17 to $86.75. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a stockholder of the Issuer, information regarding the number of shares and prices at which the transaction was effected.

6. The shares exercised pursuant to this option were fully vested and exerciseable.

Remarks:

	/s/ Marc Sultzbaugh by Jacob Shulman, Power of Attorney	11/06/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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