0001178913-13-001310.txt : 20130501 0001178913-13-001310.hdr.sgml : 20130501 20130501154322 ACCESSION NUMBER: 0001178913-13-001310 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130501 DATE AS OF CHANGE: 20130501 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Borislow Daniel CENTRAL INDEX KEY: 0001497482 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: VOCALTEC COMMUNICATIONS LTD. STREET 2: 12 BENNY GAON STREET, BUILDING 2B CITY: POLEG INDUSTRIAL AREA, NETANYA STATE: L3 ZIP: 42504 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAGICJACK VOCALTEC LTD CENTRAL INDEX KEY: 0001005699 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61725 FILM NUMBER: 13802949 BUSINESS ADDRESS: STREET 1: 12 BENNY GAON STREET, BUILDING 2B STREET 2: POLEG INDUSTRIAL AREA CITY: NETANYA STATE: L3 ZIP: 42504 BUSINESS PHONE: 561-771-2255 MAIL ADDRESS: STREET 1: 12 BENNY GAON STREET, BUILDING 2B STREET 2: POLEG INDUSTRIAL AREA CITY: NETANYA STATE: L3 ZIP: 42504 FORMER COMPANY: FORMER CONFORMED NAME: VOCALTEC COMMUNICATIONS LTD DATE OF NAME CHANGE: 19971104 FORMER COMPANY: FORMER CONFORMED NAME: VOCALTEC LTD DATE OF NAME CHANGE: 19960109 SC 13G/A 1 zk1313049.htm SC 13G/A zk1313049.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)

(Amendment No. 1)*

magicJack VocalTec Ltd.
(Name of Issuer)

Ordinary Shares, no par value
(Title of Class of Securities)

M97601120
(CUSIP Number)

May 1, 2013
(Date of Event which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 
o
Rule 13d-1(b)

 
x
Rule 13d-1(c)

 
o
Rule 13d-1(d)
 
The information required in 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).

(Continued on following pages)

 
 
 
 
CUSIP No. M97601120  SCHEDULE 13G Page 2 of  6 Pages
 
1)
NAME OF REPORTING PERSON
 
Daniel Borislow
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
3)
SEC USE ONLY
 
 
4)
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 5)
SOLE VOTING POWER
 
310,086
6)
SHARED VOTING POWER
 
0
7)
SOLE DISPOSITIVE POWER
 
310,086
8)
SHARED DISPOSITIVE POWER
 
0
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
576,490**
10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
o
11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
Less than 5%
12)
TYPE OF REPORTING PERSON
 
IN
 
** Includes 261,604 shares held by the spouse of the Reporting Person and 4,800 held for the benefit of the Reporting Person's minor children under UGMA. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for any purpose.
 
 
 
 
 
CUSIP No. M97601120 SCHEDULE 13G Page 3 of 6 Pages
 
Explanatory Note
 
The Reporting Person gifted a total of 850,000 Ordinary Shares to an irrevocable trust with an independent trustee.  The Reporting Person is no longer the beneficial owner of more than five percent of the Ordinary Shares.
 
Item 1.
 
(a)           Name of Issuer:
 
magicJack VocalTec Ltd.
 
(b)           Address of Issuer’s Principal Executive Offices:
 
12 Benny Gaon Street, Building 2B
Poleg Industrial Area,
Netanya, Israel 42504
 
Item 2.
 
 
(a)
Name of Person Filing:
 
Daniel Borislow
 
 
(b)
Address of Principal Business Office or, if none, Residence:
 
c/o YMax Corporation
5700 Georgia Ave.
West Palm Beach, FL  33405
 
 
(c)
Citizenship:
 
United States
 
 
(d)
Title of Class of Securities:
 
Ordinary shares, no par value (“Ordinary Shares”)
 
 
(e)
CUSIP Number:
 
M97601120
 
Item 3.  If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c), check whether the person filing is a:
 
(a)
 o
Broker or dealer registered under Section 15 of the Act;
(b)
o
Bank as defined in Section 3(a)(6) of the Act;
(c)
 o
Insurance company as defined in Section 3(a)(19) of the Act;
 
 
 
 
 
 
CUSIP No. M97601120 SCHEDULE 13G Page 4 of 6 Pages
 
(d)
 o
Investment company registered under Section 8 of the Investment Company Act of 1940;
(e)
 o
An investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E);
(f)
 o
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g)
 o
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
(h)
 o
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
(i)
 o
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940;
(j)
 o
A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
(k)
 o
Group, in accordance with Rule 13d-1(b)(1)(ii)(K).
 
If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
 
Item 4.  Ownership.
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
(a)           Amount Beneficially Owned:
 
576,490**
 
(b)           Percent of Class:
 
Less than 5%
 
(c)           Number of Shares to which such person has:
 
(i)           Sole power to vote or direct the vote:
 
310,086
 
(ii)           Shared power to vote or direct the vote:
 
0
 
(iii)         Sole power to dispose or to direct the disposition of:
 
310,086
 
(iv)         Shared power to dispose or to direct the disposition of:
 
0
 
** Includes 261,604 shares held by the spouse of the Reporting Person and 4,800 held for the benefit of the Reporting Person's minor children under UGMA. The Reporting Person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for any purpose.

 
 
 
 
CUSIP No. M97601120 SCHEDULE 13G Page 5 of 6 Pages
 
Item 5.
Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.
 
The Reporting Person ceased to be the beneficial owner of more than 5 percent of the Ordinary Shares.
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Not Applicable.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
 
Not Applicable.
 
Item 8.
Identification and Classification of Members of the Group.
 
Not Applicable.
 
Item 9.
Notice of Dissolution of the Group.
 
Not Applicable.
 
Item 10.
Certification.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 
CUSIP No. M97601120 SCHEDULE 13G Page 6 of 6 Pages
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated:  May 1, 2013
 
/s/ Daniel Borislow
(Signature)
 
Daniel Borislow
(Name)