-----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, MyCzueRfkvB73HORXNTYH4+W4cUi65btDXxa6KMilbro02P/er8XTT/2EcyCBAR2 K0GYj8BOw5S+gmOyrDZhJw== 0001047469-97-003964.txt : 19971114 0001047469-97-003964.hdr.sgml : 19971114 ACCESSION NUMBER: 0001047469-97-003964 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19971112 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DSP COMMUNICATIONS INC CENTRAL INDEX KEY: 0000934545 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 770389180 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-45759 FILM NUMBER: 97713780 BUSINESS ADDRESS: STREET 1: 20300 STEVENS CREEK BLVD STREET 2: 4TH FLOOR CITY: CUPERTINO STATE: CA ZIP: 95014 BUSINESS PHONE: 4087772700 MAIL ADDRESS: STREET 1: 1999 HARRISON STREET STREET 2: SUITE 1300 CITY: OAKLAND STATE: CA ZIP: 94612 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GILO DAVIDI CENTRAL INDEX KEY: 0000939286 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 100 WHY WORRY LN CITY: WOODSIDE STATE: CA ZIP: 94052 BUSINESS PHONE: 4158519034 MAIL ADDRESS: STREET 1: 100 WHY WORRY LN CITY: WOODSIDE STATE: CA ZIP: 94052 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* --------- DSP Communications, Inc. -------------------------------------------------------- (Name of Issuer) Common Stock, par value $.001 per share -------------------------------------------------------- (Title of Class of Securities) 23332K 10 6 -------------------------------------------------------- (CUSIP Number) 20300 Stevens Creek Boulevard, Suite 465, Cupertino, CA 95014 ------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 27, 1997 -------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box / /. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). CUSIP No. 23332K 10 6 ----------- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Davidi Gilo, individually and as sole shareholder and President of Harmony Management, Inc., as trustee of the Davidi and Sandra Gilo Trust, and as President of the Gilo Family Foundation - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* PF, OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Power Beneficially Owned 2,317,161 shares by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 2,317,161 shares -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,317,161 shares - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.7% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 23332K 10 6 ----------- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Harmony Management, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Power Beneficially Owned 1,332,704 exercised by Davidi Gilo as sole by Each Reporting shareholder and President Person with -------------------------------------------------- (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 1,332,704 exercised by Davidi Gilo as sole stockholder and President -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,332,704 exercised by Davidi Gilo as sole stockholder and President - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 3.3% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 23332K 10 6 ----------- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Davidi and Sandra Gilo Trust Dated January 18, 1991 - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Power Beneficially Owned 202,709 exercised by Davidi Gilo as trustee by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 202,709 exercised by Davidi Gilo as trustee -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 202,709 exercised by Davidi Gilo as trustee - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.5% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 23332K 10 6 ----------- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Gilo Family Foundation - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Power Beneficially Owned 100,000 exercised by Davidi Gilo as President by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 100,000 exercised by Davidi Gilo as President -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 100,000 exercised by Davidi Gilo as President - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.3% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! SCHEDULE 13D The following statement on Schedule 13D (the "Statement") with respect to the common stock, par value $0.001 per share (the "Common Stock") of DSP Communications, Inc. (the "Issuer") is being filed on behalf of Harmony Management, Inc. ("Harmony"), the Davidi and Sandra Gilo Trust dated January 18, 1991 (the "Trust"), the Gilo Family Foundation (the "Foundation"), and Davidi Gilo, individually and as sole stockholder and President of Harmony, as trustee of the Trust, and as President of the Foundation. ITEM 1. SECURITY AND ISSUER This Statement relates to the Common Stock of the Issuer, DSP Communications, Inc. The Issuer's principal executive offices are located at 20300 Stevens Creek Blvd., Suite 465, Cupertino, CA 95014. ITEM 2. IDENTITY AND BACKGROUND 1. (a) This Statement is being filed on behalf of Davidi Gilo, Harmony Management, Inc., the Davidi and Sandra Gilo Trust dated January 18, 1991, and the Gilo Family Foundation. (b) The address of Mr. Gilo, Harmony, the Trust and the Foundation is 100 Why Worry Lane, Woodside, CA 94062. (c) Mr. Gilo's principal employment is with the Issuer where he currently acts as an advisor to the Chairman of the Board. The address of the Issuer is 20300 Stevens Creek Boulevard, 4th Floor, Cupertino, CA 95014. (d)-(e) Mr. Gilo, Harmony, the Trust and the Foundation have not, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors), nor have Mr. Gilo, Harmony, the Trust and the Foundation, during such period, been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Mr. Gilo is a citizen of the United States. Harmony is a corporation organized under California law, and the Foundation is a non-profit foundation organized under California law. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. 661,748 of the shares held by Mr. Gilo were purchased by Mr. Gilo in October 1997 upon exercises of employee stock options held by Mr. Gilo, for an aggregate purchase price of $5,209,474. The purchase price for these shares was paid by a loan to Mr. Gilo from Bear, Stearns & Co., Inc. 155,241 of the shares held by the Trust were purchased by Mr. Gilo in March 1997 upon exercises of employee stock options held by Mr. Gilo, for an aggregate purchase price of $601,559. The purchase price for these shares was paid with Mr. Gilo's personal funds. The shares were subsequently transferred to the Trust by Mr. Gilo, as settlor of the Trust, in a gift transaction. 1,500,172 shares held by Mr. Gilo, Harmony, the Trust and the Foundation were acquired by Mr. Gilo in 1992 from the Issuer's predecessor corporation, at a purchase price of approximately $.059 per share. The purchase price for these shares was paid with Mr. Gilo's personal funds. 1,332,704 of these shares were subsequently transferred to Harmony, a corporation wholly owned by Mr. Gilo. 47,468 of these shares were subsequently transferred to the Trust by Mr. Gilo, as settlor of the Trust, in a gift transaction, and 100,000 of these shares were subsequently transferred by Mr. Gilo to the Foundation in a gift transaction. ITEM 4. PURPOSE OF THE TRANSACTION. Mr. Gilo, Harmony, the Trust and the Foundation each acquired the shares of Common Stock identified in this Statement for investment purposes. Mr. Gilo, Harmony, the Trust and the Foundation have no proposal or plan which would result in any of the transactions or events enumerated in paragraphs (a) through (j) of this Item 4. Notwithstanding the foregoing, Mr. Gilo, Harmony, the Trust and the Foundation each reserves the right at any time or from time to time to acquire additional shares of the capital stock of the Issuer or to dispose of any shares of capital stock of the Issuer in open market or privately negotiated transactions on terms deemed by them to be appropriate. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of the date of this Statement: (i) Mr. Gilo owns individually an aggregate of 681,748 shares of the Issuer's Common Stock, representing 1.7% of the shares outstanding; (ii) Harmony owns an aggregate of 1,332,704 shares of the Issuer's Common Stock, representing 3.3% of the shares outstanding; (iii) the Trust owns an aggregate of 202,709 shares of the Issuer's Common Stock, representing 0.5% of the shares outstanding; and (iv) the Foundation owns an aggregate of 100,000 shares of the Issuer's Common Stock, representing 0.3% of the shares outstanding. Accordingly, Mr. Gilo, individually and as the sole shareholder and President of Harmony, as trustee of the Trust, and as President of the Foundation, is deemed to beneficially own an aggregate of 2,317,161 of the outstanding shares of the Issuer's Common Stock, representing 5.7% of the outstanding shares, based on 40,658,016 shares of Common Stock outstanding as of November 6, 1997. (b) Mr. Gilo, individually and as the sole shareholder and President of Harmony, as trustee of the Trust, and as President of the Foundation, has sole voting and dispositive power with respect to the 2,317,161 shares of the Issuer's Common Stock identified in this Statement. (c) On October 27, 1997, Mr. Gilo exercised employee stock options to purchase an aggregate of 661,748 shares of the Issuer's Common Stock. 51,748 of these shares had an exercise price of $3.875 per share, 400,000 of these shares had an exercise price of $6.813 per share, and 210,000 of these shares had an exercise price of $10.875 per share. Within the past 60 days, Harmony, the Trust and the Foundation have not effected any transactions in the Issuer's Common Stock. (d) No person other than Mr. Gilo, Harmony, the Trust or the Foundation, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the shares of the Issuer's Common Stock owned or sold by Mr. Gilo, Harmony, the Trust, or the Foundation, respectively, except as any such rights may be deemed to be held by Mr. Gilo's wife, Shamaya Gilo, under any applicable community property laws. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Mr. Gilo, Harmony, the Trust and the Foundation are not parties to any contract, arrangement, understanding or relationship with any other person, including, without limitation, the Issuer, with respect to the securities of the Issuer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. 1. Joint Filing Agreement. SIGNATURES 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: November 6, 1997 /s/ Davidi Gilo -------------------------------- DAVIDI GILO HARMONY MANAGEMENT, INC. By: /s/ Davidi Gilo --------------------------- Davidi Gilo, President THE DAVIDI AND SANDRA GILO TRUST By: /s/ Davidi Gilo --------------------------- Davidi Gilo, Trustee GILO FAMILY FOUNDATION By: /s/ Davidi Gilo --------------------------- Davidi Gilo, President EXHIBIT INDEX No. Description Page ------------------------------------------ 1. Joint Filing Agreement. EX-1 2 EXHIBIT 1 EXHIBIT 1 JOINT FILING AGREEMENT The undersigned hereby consent to the joint filing by any of them of a Statement on Schedule 13D and any amendments thereto, whether heretofore or hereafter filed, relating to the common stock, par value $0.001 per share, of DSP Communications, Inc. Dated: November 6, 1997 /s/ Davidi Gilo -------------------------------- DAVIDI GILO HARMONY MANAGEMENT, INC. By: /s/ Davidi Gilo --------------------------- Davidi Gilo, President THE DAVIDI AND SANDRA GILO TRUST By: /s/ Davidi Gilo --------------------------- Davidi Gilo, Trustee GILO FAMILY FOUNDATION By: /s/ Davidi Gilo --------------------------- Davidi Gilo, President -----END PRIVACY-ENHANCED MESSAGE-----