Nova Ltd. — Major Shareholding Notification 2010

Mar 25, 2010

SC 13D/A 1 zk1008114.htm Created by EDGAR Ease Plus (EDGAR Ease+) Project: \Backup\EDGAR Filing\Other Filers\Clal Industries and Investments Ltd\Nova Measuring Istruments Ltd\1008114\a1008114.eep Control Number: 1008114 Rev Number: 1 Client Name: Clal Industries & Investments Ltd Project Name: SC 13D/A Firm Name: Zadok-Keinan Ltd SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO.4)* NOVA MEASURING INSTRUMENTS LTD. -------------------------------------------------------------------------------- (Name of Issuer) ORDINARY SHARES, PAR VALUE NIS 0.01 PER SHARE -------------------------------------------------------------------------------- (Title of Class of Securities) M7516K103 -------------------------------------------------------------------------------- (CUSIP Number) NUFAR MALOVANI, ADV. CORPORATE SECRETARY CLAL INDUSTRIES AND INVESTMENTS LTD. 3 AZRIELI CENTER, THE TRIANGULAR TOWER, 45TH FLOOR, TEL-AVIV 67023, ISRAEL TEL: +972-3-607-5794 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) MARCH 10, 2010 -------------------------------------------------------------------------------- (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 ss.ss.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 Rule 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). SCHEDULE 13D ------------------- ------------------- CUSIP NO. M7516K103 ------------------- ------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Clal Electronics Industries Ltd. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2 (D) OR 2 (E) [] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 3,474,476 shares OWNED BY ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,474,476 shares -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,474,476 shares -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- Page 2 of 22 pages SCHEDULE 13D ------------------- ------------------- CUSIP NO. M7516K103 ------------------- ------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Clal Industries and Investments Ltd. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2 (D) OR 2 (E) [] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 3,474,476 OWNED BY ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,474,476 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,474,476 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- Page 3 of 22 pages SCHEDULE 13D ------------------- ------------------- CUSIP NO. M7516K103 ------------------- ------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IDB Development Corporation Ltd. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2 (D) OR 2 (E) [] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 3,474,476** OWNED BY ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,474,476** -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,474,476** -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]** -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- ** Does not include 133,563 Ordinary Shares (the "CIEH Shares") held for members of the public through, among others, provident funds and/or mutual funds and/or pension funds and/or exchange traded funds and/or insurance policies, which are managed by subsidiaries of Clal Insurance Enterprises Holdings Ltd., a subsidiary of IDB Development Corporation Ltd. The Reporting Person disclaims beneficial ownership of the CIEH Shares. Page 4 of 22 pages SCHEDULE 13D ------------------- ------------------- CUSIP NO. M7516K103 ------------------- ------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IDB Holding Corporation Ltd. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2 (D) OR 2 (E) [] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 3,474,476** OWNED BY ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,474,476** -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,474,476** -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]** -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- ** Does not include the CIEH Shares. The Reporting Person disclaims beneficial ownership of the CIEH Shares. Page 5 of 22 pages SCHEDULE 13D ------------------- ------------------- CUSIP NO. M7516K103 ------------------- ------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Nochi Dankner -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2 (D) OR 2 (E) [] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 3,474,476** OWNED BY ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,474,476** -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,474,476** -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]** -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- ** Does not include the CIEH Shares. The Reporting Person disclaims beneficial ownership of the CIEH Shares. Page 6 of 22 pages SCHEDULE 13D ------------------- ------------------- CUSIP NO. M7516K103 ------------------- ------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Shelly Bergman -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2 (D) OR 2 (E) [] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 3,474,476** OWNED BY ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,474,476** -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,474,476** -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]** -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- ** Does not include the CIEH Shares. The Reporting Person disclaims beneficial ownership of the CIEH Shares. Page 7 of 22 pages SCHEDULE 13D ------------------- ------------------- CUSIP NO. M7516K103 ------------------- ------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Avraham Livnat -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2 (D) OR 2 (E) [] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 3,474,476** OWNED BY ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,474,476** -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,474,476** -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]** -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- ** Does not include the CIEH Shares. The Reporting Person disclaims beneficial ownership of the CIEH Shares. Page 8 of 22 pages SCHEDULE 13D ------------------- ------------------- CUSIP NO. M7516K103 ------------------- ------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Ruth Manor -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2 (D) OR 2 (E) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 3,474,476** OWNED BY ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,474,476** -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,474,476** -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]** -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- ** Does not include the CIEH Shares. The Reporting Person disclaims beneficial ownership of the CIEH Shares. Page 9 of 22 pages This Amendment No. 4 amends and supplements the Statement on Schedule 13D (as amended from time to time, the "Statement") in respect of the Ordinary Shares, par value New Israeli Shekel 0.01 per share, (the "Ordinary Shares"), of Nova Measuring Instruments Ltd. (the "Issuer"), previously filed with the Securities and Exchange Commission (the "SEC") by the Reporting Persons, the last amendment of which was filed with the SEC on December 11, 2007. Unless otherwise defined in this Amendment No. 4, capitalized terms have the meanings given to them in the Statement. The following amends and supplements Items 2, 4, 5, 6 and 7 of the Statement. ITEM 2. IDENTITY AND BACKGROUND Item 2 of the Statement is hereby amended and supplemented as follows: (a), (b) and (c): The Reporting Persons. As of March 22, 2010: Nochi Dankner (together with a private company controlled by him) and his sister Shelly Bergman owned approximately 56.9% and 12.5% respectively of the outstanding shares of, and control, Ganden Holdings Ltd. ("Ganden Holdings"), a private Israeli company. One of the other shareholders of Ganden Holdings, owning approximately 1.7% of Ganden Holdings' outstanding shares, agreed to vote all its shares of Ganden Holdings in accordance with Nochi Dankner's instructions. Ganden Holdings owned approximately 54.5% of the outstanding shares of IDB Holding, including approximately 37% of the outstanding shares of IDB Holding owned through Ganden Investments I.D.B. Ltd. ("Ganden"), a private Israeli company, which is an indirect wholly owned subsidiary of Ganden Holdings. These shares of IDB Holding, other than approximately 31% of the outstanding shares of IDB Holding owned by Ganden, are not subject to the IDB Shareholders Agreement.Substantially all of the shares of IDB Holding owned by Ganden and Ganden Holdings have been pledged to financial institutions as collateral for loans taken to finance the purchase of these shares. Upon certain events of default, these financial institutions may foreclose on the loans and assume ownership of or sell these shares. Shelly Bergman holds, through a wholly owned private Israeli corporation, approximately 4.2% of the outstanding shares of IDB Holding. These shares of IDB Holding are not subject to the IDB Shareholders Agreement. Ruth Manor controls Manor Holdings B.A. Ltd. ("Manor Holdings"), a private Israeli company which owns approximately 13.2% of the outstanding shares of IDB Holding (of which, approximately 3% are held directly and approximately 10% of the outstanding shares of IDB Holding are held through Manor Investments - IDB Ltd. ("Manor"), a private Israeli company which is controlled by Manor Holdings). These shares of IDB Holding, other than approximately 10% of the outstanding shares of IDB Holding owned by Manor, are not subject to the IDB Shareholders Agreement. Holding and IDB Development. Page 10 of 22 pages Avraham Livnat holds, through Avraham Livnat Ltd., a private Israeli corporation which is controlled by him, approximately 13.2%of the outstanding shares of IDB Holding, including approximately 10% of the outstanding shares of IDB Holding owned through Livnat, which is a wholly owned subsidiary of Avraham Livnat Ltd. These shares of IDB Holding, other than approximately 10% of the outstanding shares of IDB Holding owned by Livnat, are not subject to the IDB Shareholders Agreement. The name, citizenship, residence or business address and present principal occupation of the directors and executive officers of Clal Electronics, Clal Industries, IDB Development and IDB Holding are set forth in Exhibits 1 through 4 attached hereto, respectively, and incorporated herein by reference. (d) None of the Reporting Persons or, to the knowledge of the Reporting Persons, any of the persons named in Exhibits 1 through 4 to this Statement, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). (e) None of the Reporting Persons or, to the knowledge of the Reporting Persons, any of the persons named in Exhibits 1 through 4 to this Statement has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a 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. ITEM 4. PURPOSE OF TRANSACTION Item 4 of the Statement is hereby amended and supplemented as follows: The Ordinary Shares reported herein as beneficially owned by the Reporting Persons are held for investment purposes and the Ordinary Shares are not held for the purpose of or with the effect of changing or influencing the control of the Issuer. The Reporting Persons intend to review on a continuing basis their investment in the Ordinary Shares and take such actions with respect to their investment as they deem appropriate in light of the circumstances existing from time to time. Such actions could include, among other things, selling the Ordinary Shares, in whole or in part, at any time (whether through open market transactions, privately negotiated transactions or otherwise). The Reporting Persons could also determine to purchase Ordinary Shares, subject to applicable laws. Any such decision would be based on an assessment by the Reporting Persons of a number of different factors, including, without limitation, the business, prospects and affairs of the Issuer, the market for the Ordinary Shares, the condition of the securities markets, general economic and industry conditions and other opportunities available to the Reporting Persons. To the best knowledge of the Reporting Persons, the persons named in Exhibits 1-4 hereto may purchase or dispose of Ordinary Shares on their own account from time to time, subject to applicable laws. Except as may be provided otherwise herein, none of the Reporting Persons, nor to the best of their knowledge, any of the persons named in Exhibits 1-4 hereto, has any present plans or proposals which relate to or would result in any of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D. Page 11 of 22 pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 of the Statements is hereby amended and restated in its entirety as follows: The Issuer has advised the Reporting Persons that there were 24,477,034 Ordinary Shares outstanding on March 1, 2010. As described in Item 5(c) below, on March 11, 2010, Clal Electronics was issued 336,134 Ordinary Shares upon the exercise of outstanding warrants. The percentages of Ordinary Shares outstanding set forth in this Statement are based on the total of the above two numbers, or 24,813,168 Ordinary Shares. (a), (b) As of March 10, 2010: Clal Industries and Clal Electronics beneficially own, and may be deemed to share the power to vote and dispose of, 3,474,476 Ordinary Shares, constituting approximately 14.00% of the outstanding Ordinary Shares of the Issuer. IDB Development may be deemed the beneficial owner of, and to share the power to vote and dispose of the 3,474,476 Ordinary Shares held by Clal Industries, constituting, in the aggregate, approximately 14.00% of the outstanding Ordinary Shares of the Issuer. IDB Development disclaims beneficial ownership of all of the 3,474,476 Ordinary Shares reported in this Statement. IDB Holding and the Reporting Persons who are natural persons may be deemed to be the beneficial owners of, and to share the power to vote and dispose of the 3,474,476 Ordinary Shares beneficially owned by IDB Development, constituting approximately 14.38 of the outstanding Ordinary Shares of the Issuer. IDB Holding and the Reporting Persons who are natural persons disclaim beneficial ownership of such shares. Based on information furnished to the Reporting Persons, the Reporting Persons are not aware of any executive officer or director named in Exhibit 1 through 4 to the Statement, beneficially owning any Ordinary Shares. (c) None of the Reporting Persons or, to the Reporting Persons' knowledge, any of the executive officers and directors named in Exhibits 1 through 4 to this Statement, purchased or sold any Ordinary Shares in the sixty days preceding March 10, 2010, except as set forth below: During the period from January 8, 2010 through March 10, 2010, Clal Electronics made the following sales of Ordinary Shares, totaling 1,000,000 Ordinary Shares, at prices ranging from $5.10 to $5.2922 per share, all of which were made in open market transactions on the NASDAQ: PRICE PER SHARE (US $) AMOUNT OF ORDINARY SHARES DATE ---------------------- ------------------------- ---- 5.10 858,531 March 10, 2010 5.2922 141,469 March 10, 2010 On February 28, 2007 the Issuer issued warrants to Clal Electronics for the purchase of approximately 872,093 Ordinary Shares at an exercise price of $3.05 per share (the "Warrants"). On March 11, 2010, Clal Electronics exercised all of the Warrants, via a cashless exercise, and was issued 336,134 Ordinary Shares. Page 12 of 22 pages (d) Not applicable. (e) Not applicable. ITEM 6. INTEREST IN SECURITIES OF THE ISSUER Item 6 of the Statement is hereby amended and supplemented as follows: Clal Electronics is a party to a lock-up letter agreement with the underwriters for the Issuer's public offering of Ordinary Shares. The lock-up letter agreement expires 60 days after the date of the Issuer's final prospectus supplement (April 5, 2010). The restrictions of the lock-up letter agreement do not apply to the sale by Clal Electronics of up to one million Ordinary Shares. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS EXHIBIT # DESCRIPTION Exhibits 1-4 Name, citizenship, business address, present principal occupation and employer of executive officers and directors of (1) Clal Electronics Industries Ltd. (2) Clal Industries and Investments Ltd., (3) IDB Development and (4) IDB Holding. Exhibit 5 () Joint Filing Agreement between Clal Industries and Investments Ltd. and Clal Electronics Industries Ltd. authorizing Clal Industries and Investments Ltd. to file this Schedule 13D and any amendments hereto. Exhibit 6 () Joint Filing Agreement between Clal Industries and Investments Ltd. and IDB Development authorizing Clal Industries and Investments Ltd. to file this Schedule 13D and any amendments hereto. Exhibit 7 () Joint Filing Agreement between Clal Industries and Investments Ltd. and IDB Holding authorizing Clal Industries and Investments Ltd. to file this Schedule 13D and any amendments hereto. Exhibit 8 () Joint Filing Agreement between Clal Industries and Investments Ltd. and Mr. Dankner authorizing Clal Industries and Investments Ltd. to file this Schedule 13D and any amendments hereto. Exhibit 9 () Joint Filing Agreement between Clal Industries and Investments Ltd. and Mrs. Bergman authorizing Clal Industries and Investments Ltd. to file this Schedule 13D and any amendments hereto. Exhibit 10 () Joint Filing Agreement between Clal Industries and Investments Ltd. and Mrs. Manor authorizing Clal Industries and Investments Ltd. to file this Schedule 13D and any amendments hereto. Exhibit 11 () Joint Filing Agreement between Clal Industries and Investments Ltd. and Mr. Livnat authorizing Clal Industries and Investments Ltd. to file this Schedule 13D and any amendments hereto. () Previously filed as Exhibits 5-11 to Amendment No. 3 to the Schedule 13D filed with the SEC on December 11, 2007, and incorporated herein by reference. Page 13 of 22 pages SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: March 25, 2010 CLAL ELECTRONICS INDUSTRIES LTD. CLAL INDUSTRIES AND INVESTMENTS LTD. IDB DEVELOPMENT CORPORATION LTD. IDB HOLDING CORPORATION LTD. NOCHI DANKNER SHELLY BERGMAN RUTH MANOR AVRAHAM LIVNAT BY: CLAL INDUSTRIES AND INVESTMENTS LTD. By: /s/ Yehuda Ben Ezra, /s/ Gonen Bieber ------------------------------------- Yehuda Ben Ezra, and Gonen Bieber authorized signatories of Clal Industries and Investments Ltd. for itself and on behalf of IDB Holding Corporation Ltd, IDB Development Corporation Ltd., Nochi Dankner, Shelly Bergman, Ruth Manor and Avraham Livnat pursuant to the agreements annexed as exhibits 5-11 to this Schedule 13D. Page 14 of 22 pages EXHIBIT 1 Executive Officers and Directors of CLAL ELECTRONICS INDUSTRIES LTD. (as of March 10, 2010) Citizenship is same as country of address, unless otherwise noted. NAME AND ADDRESS POSITION PRINCIPAL OCCUPATION ---------------- -------- -------------------- Avi Fischer Director Director and Co-Chief Executive 3 Azrieli Center, The Officer of Clal Electronics Triangular Tower, 44th floor, Industries Ltd. Tel-Aviv 67023, Israel Yehuda Ben Ezra Director and Comptroller of Clal Electronics 3 Azrieli Center, The Comptroller Industries Ltd. Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Gonen Bieber * Director and Finance Manager of Clal 3 Azrieli Center, The Finance Manager Electronics Industries Ltd. Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Nitsa Einan General Counsel General Counsel of Clal 3 Azrieli Center, The Electronics Industries Ltd. Triangular Tower, 44th floor, Tel-Aviv 67023, Israel * Mr. Bieber is a dual citizen of Israel and Germany. Page 15 of 22 pages EXHIBIT 2 Executive Officers and Directors of CLAL INDUSTRIES AND INVESTMENTS LTD. (as of March 10, 2010) Citizenship is same as country of address, unless otherwise noted. NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION -------------- -------- ---------------------------- Nochi Dankner Chairman of the Chairman of IDB Holding; IDB Development, Discount 3 Azrieli Center, The Triangular Board of Directors Investment Corporation Ltd. and Clal Industries and Tower, 44th floor, Tel-Aviv 67023, Investments Ltd.; Businessman and director of companies. Israel Avi Fischer Director & Co-Chief Executive Vice President of IDB Holding; Deputy Chairman 3 Azrieli Center, The Triangular Executive Officer of IDB Development; Co-Chief Executive Officer of Clal Tower, 45th floor, Tel-Aviv 67023, Industries and Investments Ltd.. Israel Refael Bisker Director Chairman of Property and Building Corporation Ltd. 3 Azrieli Center, The Triangular Co-Chairman of Shufersal Ltd. Tower, 44th floor, Tel-Aviv 67023, Israel Marc Schimmel Director Co-Managing Director of UKI Investments. 54-56 Euston St., London NW1, United Kingdom Yecheskel Dovrat Director Economic consultant & director of companies. 1 Nachshon Street, Ramat Hasharon 47301, Israel Eliahu Cohen Director Chief Executive Officer of IDB Development. 3 Azrieli Center, The Triangular Tower 44th floor, Tel-Aviv 67023, Israel Shay Livnat Director President of Zoe Holdings Ltd. 3 Azrieli Center, The Triangular Tower, 45th floor, Tel-Aviv 67023, Israel David Leviatan Director Director of companies. 18 Mendele Street, Herzelia 46709, Israel Isaac Manor () Director Chairman of companies in the motor vehicle sector of the 103 Kahanman Street, David Lubinski Ltd. group. Bnei Brak 51553, Israel Dori Manor () Director Chief Executive Officer of companies in the motor vehicle 103 Kahanman Street, sector of the David Lubinski Ltd. group. Bnei Brak 51553, Israel Adiel Rosenfeld Director Representative in Israel of the Aktiva group. 42 Ha'Alon Street, Timrat 23840, Israel Page 16 of 22 pages Liora Polachek External Director Independent Lawyer, Partner and Director at Sitan 46 He Beiyyar St., Tel Aviv , Polachek Attorney. Israel Zeev Ben- Asher External Director Managers Coacher and organizational consultant. 20 Carmely St., Ramt-Gan , Israel Zvi Livnat Co-Chief Executive Executive Vice President of IDB Holding; Deputy Chairman 3 Azrieli Center, The Triangular Officer of IDB Development; Co-Chief Executive Officer of Clal Tower, 45th floor, Tel-Aviv 67023, Industries and Investments Ltd.. Israel Boaz Simons Senior Vice Senior Vice President of Clal Industries and Investments 3 Azrieli Center, The Triangular President Ltd.. Tower 45th floor, Tel-Aviv 67023, Israel Guy Rosen Senior Vice Senior Vice President of Clal Industries and Investments 3 Azrieli Center, The Triangular President Ltd.; Deputy Chairman of IDB Tourism Ltd.. Tower 45th floor, Tel-Aviv 67023, Israel Gonen Bieber () Vice President and Vice President and Chief Financial Officer of Clal 3 Azrieli Center, The Triangular Chief Financial Industries and Investments Ltd.; Vice President and Tower 45th floor, Tel-Aviv 67023, Officer finance manager of IDB Development; Finance manager of Israel IDB Holding. Nitsa Einan Vice President and General Counsel of Clal Industries and Investments Ltd. 3 Azrieli Center, The Triangular General Counsel and Clal Biotechnology Industries Ltd. Tower 45th floor, Tel-Aviv 67023, Israel Yehuda Ben Ezra Vice President & Comptroller of Clal Industries and Investments Ltd.. 3 Azrieli Center, The Triangular Comptroller Tower 45th floor, Tel-Aviv 67023, Israel Tal Mund Vice President Business Development of Clal Industries and Investments 3 Azrieli Center, the Triangular Ltd.. Tower 45th floor, Tel Aviv 67023, Israel (*) Dual citizen of Israel and France. () Dual citizen of Israel and Germany. Page 17 of 22 pages EXHIBIT 3 Directors and Executive Officers of IDB DEVELOPMENT CORPORATION LTD. (as of March 10, 2010) Citizenship is the same as country of address, unless otherwise noted. NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION -------------- -------- ---------------------------- Nochi Dankner Chairman of the Board of Chairman of IDB Holding, IDB 3 Azrieli Center, The Directors Development, Discount Investment Triangular Tower, 44th floor, Corporation Ltd. and Clal Tel-Aviv 67023, Israel Industries and Investments Ltd.; Businessman and director of companies. Zehava Dankner Director Director of companies. 64 Pinkas Street, Tel Aviv 62157, Israel Avi Fischer Deputy Chairman of the Board Executive Vice President of IDB 3 Azrieli Center, The of Directors Holding; Deputy Chairman of IDB Triangular Tower, 45th floor, Development; Co-Chief Executive Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.. Zvi Livnat Deputy Chairman of the Board Executive Vice President of IDB 3 Azrieli Center, The of Directors Holding; Deputy Chairman of IDB Triangular Tower, 45th floor, Development; Co-Chief Executive Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.. Refael Bisker Director Chairman of Property and 3 Azrieli Center, The Building Corporation Ltd.; Triangular Tower, 44th floor, Co-Chairman of Shufersal Ltd. Tel-Aviv 67023, Israel Jacob Schimmel Director Co-Managing Director of UKI 7 High field Gardens, Investments. London NW11 9HD, United Kingdom Shay Livnat Director President of Zoe Holdings Ltd. 3 Azrieli Center, The Triangular Tower, 45th floor, Tel-Aviv 67023, Israel Eliahu Cohen Director and Chief Executive Chief Executive Officer of IDB 3 Azrieli Center, The Officer Development. Triangular Tower 44th floor, Tel-Aviv 67023, Israel Page 18 of 22 pages Isaac Manor () Director Chairman of companies in the 103 Kahanman Street, motor vehicle sector of the Bnei Brak 51553, Israel David Lubinski Ltd. group. Dori Manor () Director Chief Executive Officer of 103 Kahanman Street, companies in the motor vehicle Bnei Brak 51553, Israel sector of the David Lubinski Ltd. group. Abraham Ben Joseph Director Director of companies. 87 Haim Levanon Street, Tel-Aviv 69345, Israel Amos Malka Director Director of companies 18 Nahal Soreq Street, Modi'in 71700, Israel Prof. Yoram Margalioth Director Senior lecturer (expert on tax 16 Ha'efroni Street, laws) at the Faculty of Law in Raanana 43724, Israel the Tel Aviv University. Irit Izakson Director Director of companies. 15 Great Matityahou Cohen Street, Tel-Aviv 62268, Israel Lior Hannes Senior Executive Vice Senior Executive Vice President 3 Azrieli Center, The President of IDB Development; Chief Triangular Tower, 44th floor, Executive Officer of IDB Tel-Aviv 67023, Israel Investments (U.K.) Ltd. Dr. Eyal Solganik Executive Vice President and Executive Vice President and 3 Azrieli Center, The Chief Financial Officer Chief Financial Officer of IDB Triangular Tower, 44th floor, Development; Chief Financial Tel-Aviv 67023, Israel Officer of IDB Holding. Ari Raved Vice President Vice President of IDB 3 Azrieli Center, The Development. Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Gonen Bieber ** Vice President and finance Vice President and Chief 3 Azrieli Center, The manager Financial Officer of Clal Triangular Tower, 45th floor, Industries and Investments Ltd.; Tel-Aviv 67023, Israel Vice President and finance manager of IDB Development; Finance manager of IDB Holding. Haim Gavrieli Executive Vice President Chief Executive Officer of IDB 3 Azrieli Center, The Holding; Executive Vice Triangular Tower, 44th floor, President of IDB Development. Tel-Aviv 67023, Israel Page 19 of 22 pages Haim Tabouch Vice President Comptrolling Vice President Comptrolling of 3 Azrieli Center, The IDB Development; Comptroller of Triangular Tower, 44th floor, IDB Holding. Tel-Aviv 67023, Israel Amir Harosh Comptroller Comptroller of IDB Development. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Inbal Tzion Vice President and Corporate Vice President and Corporate 3 Azrieli Center, The Secretary Secretary of IDB Development; Triangular Tower, 44th floor, Corporate Secretary of IDB Tel-Aviv 67023, Israel Holding. () Dual citizen of Israel and France. (**) Dual citizen of Israel and Germany. Page 20 of 22 pages EXHIBIT 4 Directors and Executive Officers of IDB HOLDING CORPORATION LTD. (as of March 10, 2010) Citizenship is the same as country of address, unless otherwise noted. NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION -------------- -------- ---------------------------- Nochi Dankner Chairman of the Board of Chairman of IDB Holding, IDB 3 Azrieli Center, The Directors Development, Discount Investment Triangular Tower, 44th floor, Corporation Ltd. and Clal Tel-Aviv 67023, Israel Industries and Investments Ltd.; Businessman and director of companies. Isaac Manor () Deputy Chairman of the Board Chairman of companies in the 103 Kahanman Street, of Directors motor vehicle sector of the Bnei Brak 51553, Israel David Lubinski Ltd. group. Arie Mientkavich Vice Chairman of the Board of Chairman of Elron; Deputy 3 Azrieli Center, The Directors Chairman of Gazit-Globe Ltd. and Triangular Tower, 42nd floor, Chairman of Gazit-Globe Israel Tel-Aviv 67023, Israel (Development) Ltd. Zehava Dankner Director Director of companies. 64 Pinkas Street, Tel Aviv 62157, Israel Lior Hannes Director Senior Executive Vice President 3 Azrieli Center, The of IDB Development; Chief Triangular Tower, 44th floor, Executive Officer of IDB Tel-Aviv 67023, Israel Investments (U.K.) Ltd. Refael Bisker Director Chairman of Property and 3 Azrieli Center, The Building Corporation Ltd.; Triangular Tower, 44th floor, Co-Chairman of Shufersal Ltd. Tel-Aviv 67023, Israel Jacob Schimmel Director Co-Managing Director of UKI 7 High field Gardens, Investments. London NW11 9HD, United Kingdom Shaul Ben-Zeev Director Chief Executive Officer of Taavura Junction, Ramle 72102, Avraham Livnat Ltd. Israel Eliahu Cohen Director Chief Executive Officer of IDB 3 Azrieli Center, The Development. Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Dori Manor () Director Chief Executive Officer of 103 Kahanman Street, companies in the motor vehicle Bnei Brak 51553, Israel sector of the David Lubinski Ltd. group. Page 21 of 22 pages Meir Rosenne Director Attorney. 8 Oppenheimer Street, Ramat Aviv, Tel Aviv 69395, Israel Shmuel Dor External Director Head of auditing of subsidiaries 7 Tarad Street, Ramat Gan of Clalit Health Services 52503, Israel Zvi Dvoresky External Director Chief Executive Officer of Beit 3 Biram Street, Haifa 34986, Kranot Trust Ltd. Israel Zvi Livnat Director and Executive Vice Executive Vice President of IDB 3 Azrieli Center, The President Holding; Deputy Chairman of IDB Triangular Tower, 45th floor, Development; Co-Chief Executive Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.. Haim Gavrieli Chief Executive Officer Chief Executive Officer of IDB 3 Azrieli Center, The Holding; Executive Vice Triangular Tower, 44th floor, President of IDB Development. Tel-Aviv 67023, Israel Avi Fischer Executive Vice President Executive Vice President of IDB 3 Azrieli Center, The Holding; Deputy Chairman of IDB Triangular Tower, 45th floor, Development; Co-Chief Executive Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.. Dr. Eyal Solganik Chief Financial Officer Chief Financial Officer of IDB 3 Azrieli Center, The Holding; Executive Vice Triangular Tower, 44th floor, President and Chief Financial Tel-Aviv 67023, Israel Officer of IDB Development. Haim Tabouch Comptroller Comptroller of IDB Holding; Vice 3 Azrieli Center, The President Comptrolling of IDB Triangular Tower, 44th floor, Development. Tel-Aviv 67023, Israel () Dual citizen of Israel and France. Page 22 of 22 pages