-----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, Vk6ujHTqVM+fRrTPIOyFR/YLlbS2Shv8dUF9JxMFfj7kO/20gC8L8hAl6ffCUgml G7FyLDypoK9XkbPB9qlMlA== 0001076958-99-000014.txt : 19990218 0001076958-99-000014.hdr.sgml : 19990218 ACCESSION NUMBER: 0001076958-99-000014 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990217 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST ISRAEL FUND INC CENTRAL INDEX KEY: 0000865277 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 061302759 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-54927 FILM NUMBER: 99544381 BUSINESS ADDRESS: STREET 1: BEAR STEARNS STREET 2: 245 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10167 BUSINESS PHONE: 2122729027 MAIL ADDRESS: STREET 1: BEAR STEARNS STREET 2: 245 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10167 FORMER COMPANY: FORMER CONFORMED NAME: ISRAEL CAPITAL FUND INC DATE OF NAME CHANGE: 19900826 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UBS AG/NY CENTRAL INDEX KEY: 0001076958 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 980186363 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 299 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10171 SC 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___) FIRST ISRAEL FUND INC. (Name of Issuer) - ----------------------------------------------------------- Common Stock (Title of Class of Securities) - ----------------------------------------------------------- 32063L100 (CUSIP Number) - ----------------------------------------------------------- December 31, 1998 (Date of Event Which Requires Filing of this Statement) - ----------------------------------------------------------- Check the appropriate box to designate the rule pursuant to which this Schedule is filed: /x/ Rule 13d-1(b) / / Rule 13d-1(c) / / Rule 13d-1(d) * 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 the disclosures provided in a prior cover page. 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. Page 1 of 4 pages Cusip 32063L100 - ----------------------------------------------------------- 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). UBS AG (successor to Union Bank of Switzerland) 98-0186363 - ----------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) a / / b / / - ----------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------- 4 Citizenship or Place of Organization - Switzerland - ----------------------------------------------------------- Number of 5. Sole Voting Power _______ Shares Bene- 6. Shared Voting Power 468,000 ficially 7. Sole Dispositive Power _______ Owned by Each 8. Shared Dispositive Power 468,000 Reporting Person With: - ----------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 468,000 Shares * - ----------------------------------------------------------- 10 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - ----------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (11) 9.3% - ----------------------------------------------------------- 12 Type of Reporting Person (See Instructions) BK See Item 3 of attached schedule. - ----------------------------------------------------------- * UBS AG disclaims beneficial ownership of such securities. Page 2 of 4 pages Cusip 32063L100 - ----------------------------------------------------------- Item 1(a). Name of Issuer: FIRST ISRAEL FUND INC. Item 1(b). Address of Issuer's Principal Executive Offices: Bear Stearns 245 Park Avenue New York, NY 10167 - ----------------------------------------------------------- Item 2(a) Name of Persons Filing: UBS AG ("UBSAG") Item 2(b) Address of Principal Business Office or, if none, Residence: UBSAG's principal business office is located at: Bahnhofstrasse 45 8021, Zurich, Switzerland Item 2(c) Citizenship: Incorporated by reference to Item 4 of the cover pages. Item 2(d) Title of Class of Securities: Common Stock (the "Common Stock") Item 2(e) CUSIP Number: 32063L100 - ----------------------------------------------------------- Item 3. Type of Person Filing: UBS AG is classified as a Bank pursuant to no action relief granted by the staff of the Securities and Exchange Commission. - ----------------------------------------------------------- Item 4 (a)-(c)(iv). Ownership: Incorporated by reference to Items 5-11 of the cover 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 / /. - ----------------------------------------------------------- Page 3 of 4 pages Cusip 32063L100 - ----------------------------------------------------------- Item 6. Ownership of More than Five Percent on Behalf of Another Person: Accounts managed on a discretionary basis by UBS AG have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock. UBS Fund Management (Switzerland) A.G.-Equity Fund Emerging Markets holds in excess of 5 percent of the outstanding Common Stock. - ----------------------------------------------------------- Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: See Item 3 above. - ----------------------------------------------------------- Item 8 Identification and Classification of Members of the Group: Not applicable - ----------------------------------------------------------- Item 9 Notice of Dissolution of 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 acquired and are held in the ordinary course of business and 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. - ----------------------------------------------------------- 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. Date: February 12, 1999 UBS AG By: /s/ Louis R. Eber By:/s/ Janet R. Zimmer Louis R. Eber Janet R. Zimmer Executive Director Executive Director - ----------------------------------------------------------- Page 4 of 4 pages -----END PRIVACY-ENHANCED MESSAGE-----