-----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, NTqii0opHfmDtADN1p79GzVEO0wIYUIX0z20tlhJTmmUtLsDaUuSImGqXd9olqI0 9p5fetwbuj0Ro9DpB3Gngg== 0001144204-06-044644.txt : 20061101 0001144204-06-044644.hdr.sgml : 20061101 20061101102425 ACCESSION NUMBER: 0001144204-06-044644 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061101 DATE AS OF CHANGE: 20061101 GROUP MEMBERS: PHYLON INVESTMENT ADVISERS LLP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ORCKIT COMMUNICATIONS LTD CENTRAL INDEX KEY: 0001021620 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55667 FILM NUMBER: 061177451 BUSINESS ADDRESS: STREET 1: 38 NAHALAT YITZHAK ST STREET 2: TEL AVIV CITY: ISRAEL STATE: L3 ZIP: 67448 BUSINESS PHONE: 01197236962121 MAIL ADDRESS: STREET 1: 38 NAHALAT YITZHAK ST STREET 2: TEL AVIV CITY: ISRAEL STATE: L3 ZIP: 67448 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Phylon Fund LTD CENTRAL INDEX KEY: 0001316800 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: P.O. BOX 908 STREET 2: WALKER HOUSE, MARY STREET CITY: GEORGETOWN, GRAND CAYMAN STATE: E9 ZIP: 0 BUSINESS PHONE: 345 945 3727 MAIL ADDRESS: STREET 1: P.O. BOX 908 STREET 2: WALKER HOUSE, MARY STREET CITY: GEORGETOWN, GRAND CAYMAN STATE: E9 ZIP: 0 SC 13G/A 1 v056180_sc13ga.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------- SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 3)* Orckit Communications Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Ordinary Shares, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) M7531S 206 - -------------------------------------------------------------------------------- (CUSIP Number) October 27, 2006 - -------------------------------------------------------------------------------- (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) |X| 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 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). - -------------------------------------------------------------------------------- CUSIP No. M7531S 206 SCHEDULE 13G - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Phylon Fund Limited - -------------------------------------------------------------------------------- 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 Cayman Islands - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER 0 SHARES BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER 777,496 EACH REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER 0 WITH: -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 777,496 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 777,496 ordinary shares (includes 777,496 ordinary shares deemed beneficially owned by Phylon Investment Advisers LLP, an affiliate of Phylon Fund Limited) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) |_| Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (See Instructions) OO - -------------------------------------------------------------------------------- Page 2 of 7 Pages - -------------------------------------------------------------------------------- CUSIP No. M7531S 206 SCHEDULE 13G - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Phylon Investment Advisers LLP - -------------------------------------------------------------------------------- 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 United Kingdom - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER 0 SHARES BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER 777,496 EACH REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER 0 WITH: -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 777,496 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 777,496 ordinary shares (includes 777,496 ordinary shares deemed beneficially owned by Phylon Fund Limited, an affiliate of Phylon Investment Advisers LLP) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) |_| Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (See Instructions) PN - -------------------------------------------------------------------------------- Page 3 of 7 Pages - -------------------------------------------------------------------------------- CUSIP No. M7531S 206 SCHEDULE 13G - -------------------------------------------------------------------------------- This Amendment No. 3 to Schedule 13G reflects a statement of beneficial ownership of securities of the reporting persons as of October 27, 2006. Item 1. (a) Name of Issuer: Orckit Communications Ltd. (the "Company") (b) Address of Issuer's Principal Executive Offices: 126 Yigal Allon Street Tel Aviv, 67443, Israel Item 2. (a) Name of Person Filing: (i) Phylon Fund Limited (ii) Phylon Investment Advisers LLP (b) Address of Principal Business Office or, if None, Residence: (i) P.O. Box 908, Walker House, Mary Street Georgetown, Grand Cayman Islands (ii) 4/5 Grosvenor Place London, United Kingdom SW1X 7DL (c) Citizenship: (i) Cayman Islands (ii) United Kingdom (d) Title of Class of Securities: Ordinary Shares, no par value Page 4 of 7 Pages - -------------------------------------------------------------------------------- CUSIP No. M7531S 206 SCHEDULE 13G - -------------------------------------------------------------------------------- (e) CUSIP Number: M7531S 206 Item 3. If This Statement Is Filed Pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c), check whether the person filing is a: Not Applicable. Item 4. Ownership. (a) See Item 9 of the cover pages attached hereto. (b) See Item 11 of the cover pages attached hereto. (c) See Items 5 through 8 of the cover pages attached hereto. Each of the Reporting Persons may be deemed to have shared power to vote and shared power to dispose of an aggregate of 777,496 ordinary shares owned by Phylon Fund Limited. Phylon Fund Investment Advisers LP acts as an investment adviser for Phylon Fund Limited. 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 |X|. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable. Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. Page 5 of 7 Pages - -------------------------------------------------------------------------------- CUSIP No. M7531S 206 SCHEDULE 13G - -------------------------------------------------------------------------------- Item 10. Certification. 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. Page 6 of 7 Pages 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. November 1, 2006 Phylon Fund Limited By: /s/ RALF LAIER ------------------------------------ Name: Ralf Laier Title: Director Phylon Investment Advisers LLP By: /s/ RALF LAIER ------------------------------------ Name: Ralf Laier Title: Director Page 7 of 7 Pages -----END PRIVACY-ENHANCED MESSAGE-----