CERAGON NETWORKS LTD

Major Shareholding Notification • Aug 11, 2022

SC 13D/A 1 a20220811-13damendmentno9.htm SC 13D/A html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd" Document created using Wdesk Copyright 2022 Workiva Document

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Amendment No. 9 to

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 9)*

CERAGON NETWORKS LTD.

(Name of Issuer)

Ordinary Shares, par value NIS 0.01 per share

(Title of Class of Securities)

M22013102

(CUSIP Number)

Nitzba City, Plot 300, Bldg. A, 7th floor, POB 112, Rosh Ha’Ayin 4810002, Israel

Tel: (+972 ) 3-543-1643

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

With a copy to

Michael Gibson, Katherine Frank, and Stephen Gill

Vinson & Elkins LLP

200 West 6 th Street, Suite 2500

Austin, TX 78701

512-542-8400

August 11, 2022

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 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).

(Continued on following pages)

CUSIP No. M22013102

1	NAME OF REPORTING PERSON:
	Aviat Networks, Inc.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
	(a) o
	(b) ☐
3	SEC USE ONLY:
4	SOURCE OF FUNDS:
	WC
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e):
		☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION:
	Delaware
	7	SOLE VOTING POWER: 4,288,757
NUMBER OF	8	SHARED VOTING POWER: 0
SHARES
	9	SOLE DISPOSITIVE POWER: 4,288,757
BENEFICIALLY
OWNED BY
	10	SHARED DISPOSITIVE POWER: 0
EACH
REPORTING
PERSON WITH:
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 4,288,757
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11)	☐
	EXCLUDES CERTAIN SHARES:
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
	5.1% (1)
14	TYPE OF REPORTING PERSON:
	CO

(1) Based on 84,032,943 Ordinary Shares (as defined herein) issued and outstanding as of July 17, 2022, as disclosed in the Issuer’s (as defined herein) proxy statement dated July 18, 2022.

CUSIP No. M22013102

1	NAME OF REPORTING PERSON:
	Weinstock Legacy, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
	(a) o
	(b) ☐
3	SEC USE ONLY:
4	SOURCE OF FUNDS:
	WC
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e):
		☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION:
	Texas
	7	SOLE VOTING POWER: 0
NUMBER OF	8	SHARED VOTING POWER: 10,000*
SHARES
	9	SOLE DISPOSITIVE POWER: 0
BENEFICIALLY
OWNED BY
	10	SHARED DISPOSITIVE POWER: 10,000*
EACH
REPORTING
PERSON WITH:
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 10,000
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11)	☐
	EXCLUDES CERTAIN SHARES:
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
	0.01% (1)
14	TYPE OF REPORTING PERSON:
	OO

*Consists of shares owned by Weinstock Legacy, LLC

(1) Based on 84,032,943 Ordinary Shares (as defined herein) issued and outstanding as of July 17, 2022, as disclosed in the Issuer’s (as defined herein) proxy statement dated July 18, 2022.

CUSIP No. M22013102

1	NAME OF REPORTING PERSON:
	Craig Weinstock
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
	(a) o
	(b) ☐
3	SEC USE ONLY:
4	SOURCE OF FUNDS:
	PF, AF
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	7	SOLE VOTING POWER: 0
	8	SHARED VOTING POWER: 10,000*
SHARES
BENEFICIALLY	9	SOLE DISPOSITIVE POWER: 0
OWNED BY
EACH	10	SHARED DISPOSITIVE POWER: 10,000*
REPORTING
PERSON WITH:
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 10,000
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11)	☐
	EXCLUDES CERTAIN SHARES:
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
	0.01% (1)
14	TYPE OF REPORTING PERSON:
	IN

*Consists of shares owned by Weinstock Legacy, LLC

(1) Based on 84,032,943 Ordinary Shares (as defined herein) issued and outstanding as of July 17, 2022, as disclosed in the Issuer’s (as defined herein) proxy statement dated July 18, 2022.

Explanatory Note: This statement on Schedule 13D amends the previously amended Schedule 13D of Aviat Networks, Inc. (one of the “ Reporting Persons ”) that was filed with the Securities and Exchange Commission on June 27, 2022, and amended on July 8, 2022, July 13, 2022, July 22,2022, July 29, 2022, August 1, 2022, August 3, 2022, August 4, 2022, and August 10, 2022 with respect to the Ordinary Shares of Ceragon Networks, Ltd. (the “ Issuer ”). This amendment to the Schedule 13D constitutes Amendment No. 9 to the Schedule 13D. Capitalized terms used by not defined herein have the meaning given to such terms in the Schedule 13D. Except as set forth herein, the Schedule 13D is unmodified.

Item 4. Purpose of Transaction.

Item 4 is hereby amended to add the following:

On August 11, 2022, Aviat Networks, Inc. (“Aviat” or the “Company”) issued an open letter to the shareholders of Ceragon Networks Ltd. (NASDAQ: CRNT) (“Ceragon”) to correct the claims made by Ceragon’s Board of Directors (“Board”) in its August 8, 2022 letter to shareholders. The letter further details value for Shareholders in Aviat’s proposal as well as the qualifications and independence of the director nominees and urges shareholders of Ceragon to vote for all five Aviat nominees to the Board. A copy of the press release is attached hereto as Exhibit N and is incorporated herein by reference.

Item 7. Material to be Filed as Exhibits.

Item 7 is hereby amended to add the following exhibit:

Exhibit N August 11, 2022 Letter issued to Shareholders of Ceragon Networks, Ltd.

[CUSIP NO. M22013102 ]

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: August 11, 2022

Aviat Networks, Inc.

By: /s/ Pete Smith

Name:	Pete Smith
Title:	President and Chief Executive Officer

Weinstock Legacy, LLC

By: /s/ Erin Boase, as attorney-in-fact

Name:	Craig Weinstock
Title:	President

/s/ Erin Boase, as attorney-in fact

Name: Craig Weinstock