Magic Software Enterprises Ltd. — Major Shareholding Notification 2016

Jan 16, 2016

SC 13G/A 1 diasc13g.htm Document Prepared With EDGARSTAR Software Copyright 2007 EDGARSTAR TRADEMARK All rights reserved EDGAR2.com Schedule 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934 (Amendment No. 2)*

Magic Software Enterprises Ltd.

(Name of Issuer)

Ordinary

(Title of Class of Securities)

559166103

(CUSIP Number)

Amit Birk 5 Haplado Street Or Yehuda 60218 Israel phone 97235389292

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

12/31/2015

(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) ☐ 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 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. 559166103 13G Page 2 of 5 Pages

| 1. | NAMES
OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Denver Investment Advisors LLC |
| --- | --- |
| 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 Denver, Colorado United States of America |

| NUMBER OF SHARES
BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE
VOTING POWER 1,978,159 |
| --- | --- |
| 6. | SHARED
VOTING POWER 00,000 |
| 7. | SOLE
DISPOSITIVE POWER 1,978,159 |
| 8. | SHARED
DISPOSITIVE POWER 00,000 |

| 9. | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,978,159 |
| --- | --- |
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (see instructions) ☐ |
| 11. | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.48% |
| 12. | TYPE
OF REPORTING PERSON (see instructions) Institutional Investment Manager |

CUSIP No. 559166103 13G Page 3 of 5 Pages

Item 1.

| (a) | Name
of Issuer Magic Software Enterprises Ltd. |
| --- | --- |
| (b) | Address
of Issuer’s Principal Executive Offices 5 Haplado Street Or Yehuda 60218 Israel |

Item 2.

| (a) | Name
of Person Filing Denver Investment Advisors LLC |
| --- | --- |
| (b) | Address
of the Principal Office or, if none, residence 370 17th Street, Suite 5000 Denver, CO 80202 |
| (c) | Citizenship USA |
| (d) | Title
of Class of Securities Ordinary |
| (e) | CUSIP
Number 559166103 |

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

| (a) | ☐ | Broker
or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
| --- | --- | --- |
| (b) | ☐ | Bank
as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | ☐ | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | ☐ | Investment
company registered under section 8 of the Investment Company Act of 1940 (15
U.S.C. 80a-8). |
| (e) | ☑ | An
investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | ☐ | An
employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A
parent holding company or control person in accordance with
§240.13d-1(b)(1)(ii)(G); |
| (h) | ☐ | A
savings associations as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813); |
| (i) | ☐ | 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 (15 U.S.C.
80a-3); |
| (j) | ☐ | Group,
in accordance with §240.13d-1(b)(1)(ii)(J). |

CUSIP No. 559166103 13G Page 4 of 5 Pages

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: 1,978,159 | |
| --- | --- | --- |
| (b) | Percent
of class: 4.48% | |
| (c) | Number
of shares as to which the person has: | |
| | (i) | Sole
power to vote or to direct the vote 1,978,159 |
| | (ii) | Shared
power to vote or to direct the vote 0 |
| | (iii) | Sole
power to dispose or to direct the disposition of 1,978,159 |
| | (iv) | Shared
power to dispose or to direct the disposition of 0 |

Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

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 ☑.

Instruction . Dissolution of a group requires a response to this item.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Item 8. Identification and Classification of Members of the Group.

Item 9. Notice of Dissolution of Group.

Item 10. Certification.

| (a) | The
following certification shall be included if the statement is filed pursuant
to §240.13d-1(b): |
| --- | --- |
| | 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. |
| (b) | The
following certification shall be included if the statement is filed pursuant
to §240.13d-1(c): |
| | 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. 559166103 13G Page 5 of 5 Pages

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.

| 01/04/2016 Date |
| --- |
| /s/ Jasper
R. Frontz Signature |
| Jasper
R. Frontz Chief
Compliance Officer Name/Title |