-----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, Hn3JUdDk6O0HSvLdsV6v1SBtnYTYHWLsPvfrGU4kN9ArxysaBB7MjOAXgSgiSZMg ZNlIwoptFHX02u23zwgrSw== 0001179591-04-000018.txt : 20040218 0001179591-04-000018.hdr.sgml : 20040218 20040218110239 ACCESSION NUMBER: 0001179591-04-000018 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040218 GROUP MEMBERS: STAR VENTURES MANAGEMENT GMBH NO. 3 GROUP MEMBERS: SVM STAR VENTURE CAPITAL MANAGEMENT LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JACADA LTD CENTRAL INDEX KEY: 0001095747 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58065 FILM NUMBER: 04612112 BUSINESS ADDRESS: STREET 1: 11 GALGALEI HAPLADA ST STREET 2: PO BOX 12175 CITY: HERZLIYA 46722 ISRAE STATE: L3 BUSINESS PHONE: 9729525900 MAIL ADDRESS: STREET 1: JACADA INC 400 PERIMETER CENTER TERRACE STREET 2: SUITE 195 CITY: ATLANTA STATE: GA ZIP: 30346 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAREL MEIR DR CENTRAL INDEX KEY: 0000902186 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O STAR VENTURES MANAGEMENT STREET 2: POSSARTSTRASSE 9 D-81679 CITY: MUNICH BUSINESS PHONE: 49894149300 MAIL ADDRESS: STREET 1: C/O STAR VENTURES MANAGEMENT STREET 2: POSSARTSTRASSE 9 D-81679 CITY: MUNICH SC 13G/A 1 form13g170204.txt SC 13G/A CUSIP No. M 6184R1010000 page 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2) Jacada Ltd. (Name of Issuer) ORDINARY SHARES, NIS 0.01 PAR VALUE (Title of Class of Securities) M6184R101000 (CUSIP Number) January 26, 2004 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [] Rule 13d-1(b) [] Rule 13d-1(c) [X] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing of 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). - --------- ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Barel, Dr. Meir - --------- ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) - --------- ------------------------------------------------------------------- 3 SEC USE ONLY - --------- ------------------------------------------------------------------- 4 CITIZENSHIP OF PLACE OF ORGANIZATION German - --------- ------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 883,019 -------- --------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY N/A -------- -------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 883,019 -------- -------------------------------------- WITH 8 SHARED DISPOSITIVE POWER N/A - --------- ------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 883,019 - --------- ------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A - --------- ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.7%* - --------- ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - --------- ------------------------------------------------------------------- * Based on 18,936,000 ordinary shares outstanding as of December 31, 2003 - --------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SVM STAR VENTURE CAPITAL MANAGEMENT LTD. - --------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) - --------- ------------------------------------------------------------------ 3 SEC USE ONLY - --------- ------------------------------------------------------------------ 4 CITIZENSHIP OF PLACE OF ORGANIZATION ISRAEL - ----------------------------- -------- ------------------------------------- 5 SOLE VOTING POWER NUMBER OF 208,483 -------- ------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY N/A -------- ------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 208,483 -------- ------------------------------------- WITH 8 SHARED DISPOSITIVE POWER N/A - --------- ------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 208,483 - --------- ------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A - --------- ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.1%* - --------- ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO - --------- ------------------------------------------------------------------- * Based on 18,936,000 ordinary shares outstanding as of December 31, 2003. - --------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON STAR VENTURES MANAGEMENT GMBH NO. 3 - --------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) - --------- ------------------------------------------------------------------ 3 SEC USE ONLY - --------- ------------------------------------------------------------------ 4 CITIZENSHIP OF PLACE OF ORGANIZATION GERMANY - ---------------------------- -------- ------------------------------------- 5 SOLE VOTING POWER NUMBER OF 647,242 -------- ------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY N/A -------- ------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 647,242 -------- ------------------------------------- WITH 8 SHARED DISPOSITIVE POWER N/A - --------- ------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 647,242 - --------- ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A - --------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.4%* - --------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO - --------- -------------------------------------------------------------------- * Based on 18,936,000 ordinary shares outstanding as of December 31, 2003 This Amendment No. 2 to Schedule 13G reflects a statement of beneficial ownership of securities of the reporting person as of January 26, 2004. Item 1(a) Name of Issuer: ----------------- Jacada Ltd. Item 1(b) Address of Issuer's Principle Offices: ---------------------------------------- 11 Galgalei Haplada Street Herzliya, 46722 Israel Item 2(a) Name of Persons Filing: ------------------------- (I) Dr. Meir Barel ("Barel"), a German citizen who is a professional investment manager residing at Munich, Germany. (a) Barel, Dr. Meir (b) c/o Star Ventures Management, Possartstrasse 9, D-81679 Munich, Germany (c) German (d) Ordinary Shares (e) M 6184R101000 (II) SVM STAR VENTURE CAPITAL Management Ltd. ("Star Israel"), an Israeli company which manages investments primarily in securities of Israeli and Israeli-related companies. Star Israel manages the investments of Star Management of Investments (1993) Limited Partnership, which invests primarily in securities of Israeli and Israeli-related companies, including the securities of the Company which are the subject of this filing. The sole director and primary owner of Star Israel is Barel. (a) SVM STAR VENTURE CAPITAL Management Ltd. (b) 11 Galgalei Haplada Street, PO Box 12600 Herzeliya Pituach 46733, Israel (c) n/a (d) Ordinary Shares (e) M6184R101000 (III) SVM Star Ventures Management GmbH No. 3 ("Star Germany"), a German company which manages investments primarily in securities of Israeli and Israeli-related companies. Star Germany manages the affairs of SVE Star Ventures Enterprises No. II, a German Civil Law Partnership (with limitation of liability) which invests primarily in securities of Israeli and Israeli-related companies, including the securities of the Company which are the subject of this filing. The sole director and primary owner of Star Germany is Barel. (a) SVM Star Ventures Management GmbH No. 3 (b) Possartstrasse 9, D-81679 Munich, Germany (c) n/a (d) Ordinary Shares (e) M6184R101000 Item 2(b) Address of Principal Business Office or, if None, Residence: ------------------------------------------------------------ See above Item 2(c) Citizenship: ------------ see above Item 2(d) Title of Class of Securities: ----------------------------- see above Item 2(e) CUSIP Number: -------------- see above Item 3 If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b): ------------------------------------------------------------ n/a Item 4. Ownership. --------- (I) On January 26, 2004, Star Management of Investments (1993) Limited Partnership distributed 829,795 ordinary shares to its limited partners, and 208,483 ordinary shares to STAR Israel. Accordingly, through STAR Israel, Barel now beneficially owns the following: (a) Amount beneficially owned: 208,483 ordinary shares (b) Percent of class: 1.1% (c) Number of Shares as to which the person has: (i) Sole power to vote or to direct the vote: 208,483 (ii) Shared power to vote or to direct the vote: n/a (iii) Sole power to dispose or to direct the disposition of: 208,483 (iv) Shared power to dispose or to direct the disposition of: n/a (II) Through STAR Germany, Barel beneficially owns the following: (a) Amount beneficially owned: 647,242 ordinary shares (b) Percent of class: 3.4% (c) Number of Shares as to which the person has: (i) Sole power to vote or to direct the vote: 647,242 (ii) Shared power to vote or to direct the vote: n/a (iii) Sole power to dispose or to direct the disposition of: 647,242 (iv) Shared power to dispose or to direct the disposition of: n/a Beneficial ownership and sole voting and dispositive power over 647,242 (approximately 3.4%) ordinary shares are exercised by STAR Germany on behalf of SVE Star Ventures Enterprises No. II, a German Civil Law Partnership (with limitation of liability). The total holdings described in this filing that constitute beneficial ownership for Barel are the following: (a) Amount beneficially owned: 883,019 ordinary shares (b) Percent of class: 4.7% (c) Number of Shares as to which the person has: (i) Sole power to vote or to direct the vote: 883,019 (ii) Shared power to vote or to direct the vote: n/a (iii) Sole power to dispose or to direct the disposition of: 883,019 (iv) Shared power to dispose or to direct the disposition of: n/a Dr. Barel Star Israel and Star Germany each hereby disclaim beneficial ownership of all of the foregoing shares, except to the extent of any pecuniary interest therein and except with respect to 27,294 (approximately 0.1%)ordinary shares held directly by Dr. Barel. Item 5 Ownership of Five Percent of 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]. Item 6 Ownership of More Than Five Percent on Behalf of Another Person: -------------------------------------------------------- To the best knowledge of the Reporting Persons, no person other than each of the Reporting Persons will have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Company beneficially owned by each of the Reporting Persons except as set forth in Item 4(a) above. N/A Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: ------------------------------------------------------------- N/A Item 8 Identification and Classification of Members of the Group: ---------------------------------------------------------- N/A Item 9 Notice of Dissolution of the Group: ----------------------------------- Not Applicable. Item 10 Certification: --------------- Not Applicable. 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 17, 2004 /s/ Dr. Meir Barel Dr. Meir Barel SVM STAR VENTURE CAPITAL Management Ltd. By: /s/ Dr. Meir Barel Dr. Meir Barel, Director SVM Star Ventures Management GmbH No. 3 By: /s/ Dr. Meir Barel Dr. Meir Barel, Director Appendix A ---------- Identity of each member of the group Dr. Meir Barel ("Barel"), a German citizen who is a professional investment manager residing at Munich, Germany. SVM STAR VENTURE CAPITAL Management Ltd. ("STAR Israel"), an Israeli company which manages investments primarily in securities of Israeli and Israel-related companies. STAR Israel manages the investments of Star Management of Investments (1993) Limited Partnership, which invests primarily in securities of Israeli and Israel-related companies, including the securities of the Company which are the subject of this filing. The sole director and primary owner of STAR Israel is Barel. SVM Star Ventures Management GmbH No. 3 ("STAR Germany"), a German company which manages investments primarily in securities of Israeli and Israel-related companies. STAR Germany manages the affairs of SVE Star Ventures Enterprises No. II, a German Civil Law Partnership (with limitation of liability) which invests primarily in securities of Israeli and Israel-related companies including the securities of the Company which are the subject of this filing. The sole director and primary owner of STAR Germany is Barel. -----END PRIVACY-ENHANCED MESSAGE-----