0001178913-14-002178.txt : 20140630 0001178913-14-002178.hdr.sgml : 20140630 20140630090719 ACCESSION NUMBER: 0001178913-14-002178 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140630 DATE AS OF CHANGE: 20140630 GROUP MEMBERS: JONATHAN HALF GROUP MEMBERS: STEPHEN LEVEY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ORBOTECH LTD CENTRAL INDEX KEY: 0000749037 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53095 FILM NUMBER: 14947488 BUSINESS ADDRESS: STREET 1: SANHEDRIN BOULEVARD STREET 2: P. O. BOX 215 CITY: YAVNE ISRAEL STATE: L3 ZIP: 81101 BUSINESS PHONE: 972-8-9423533 MAIL ADDRESS: STREET 1: SANHEDRIN BOULEVARD STREET 2: P. O. BOX 215 CITY: YAVNE ISRAEL STATE: L3 ZIP: 81101 FORMER COMPANY: FORMER CONFORMED NAME: OPTROTECH LTD DATE OF NAME CHANGE: 19921106 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ion Asset Management Ltd. CENTRAL INDEX KEY: 0001603837 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: UGLAND HOUSE STREET 2: SOUTH CHURCH STREET CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: 0000 BUSINESS PHONE: 00972 9 970 3620 MAIL ADDRESS: STREET 1: UGLAND HOUSE STREET 2: SOUTH CHURCH STREET CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: 0000 SC 13D/A 1 zk1415176.htm SC 13D/A zk1415176.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 4)
 
Orbotech Ltd. 
(Name of Issuer)
 
Common Stock, Par Value NIS 0.14 per Share
(Title of Class of Securities)
 
M75253100
 (CUSIP Number)
 
Anthony Reich, Ion Asset Management, 13th Floor, Building E, 89 Medinat Hayehudim Street, Herzliya, Israel.
 (Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
June 27, 2014
 (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. o
 
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).
 
 
 
 
 
CUSIP No.  M75253100
      
Page 2 of 7 Pages
 
1.
 NAME OF REPORTING PERSON   
 
 Jonathan Half
2.
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)    ¨
 (b)   x
3.
 SEC Use Only 

 
4.
 SOURCE OF FUNDS     
 
 AF
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
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 7.
 SOLE VOTING POWER 
 
 0
8.
 SHARED VOTING POWER   
 
 2,578,658
9.
 SOLE DISPOSITIVE POWER
 
 0
10.
 SHARED DISPOSITIVE POWER    
 
 2,578,658
11.
 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 
 
 2,578,658
12.
 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 ¨
13.
 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 
 
 6.19%
14.
 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 IN
 
 
 
 
CUSIP No. M75253100
      
Page 3 of 7 Pages
 
1.
 NAME OF REPORTING PERSON   
 
 Stephen Levey
2.
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)    ¨
 (b)    x
3.
 SEC Use Only
 
 
4.
 SOURCE OF FUNDS     
 
 AF
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
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 7.
 SOLE VOTING POWER 
 
 0
8.
 SHARED VOTING POWER   
 
 2,578,658
9.
 SOLE DISPOSITIVE POWER
 
 0
10.
 SHARED DISPOSITIVE POWER    
 
 2,578,658
11.
 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 
 
 2,578,658
12.
 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 ¨
13.
 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 
 
 6.19%
14.
 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 IN
 
 
 
 
CUSIP No. M75253100
      
Page 4 of 7 Pages
 
1.
 NAME OF REPORTING PERSON   
 
 Ion Asset Management Ltd.
2.
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)  ¨
 (b)  x
3.
 SEC Use Only
 
 
4.
 SOURCE OF FUNDS     
 
 AF
5.
 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     
 
 ¨
6.
 CITIZENSHIP OR PLACE OF ORGANIZATION
 
 Cayman Islands
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 7.
SOLE VOTING POWER 
 
0
8.
SHARED VOTING POWER   
 
2,578,658
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER    
 
2,578,658
11.
 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 
 
 2,578,658
12.
 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 ¨
13.
 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 
 
 6.19%
14.
 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 CO/IA
 
 
 
         
       
Page 5 of 7 Pages
 
Item 1.  Security and Issuer
 
This Amendment No. 4 to Schedule 13D (this “Amendment No. 4”) relates to the Common Stock of Orbotech Ltd., (the “Issuer” or the “Company”) and amends the Schedule 13D filed on April 2, 2014 (the “Original Schedule 13D”), as amended by each of Amendment No. 1 thereto filed on May 20, 2014, Amendment No. 2 thereto filed on June 9, 2014, and Amendment No. 3 thereto filed on June 12, 2014 (the Original Schedule 13D, and as amended by such Amendments No. 1, No. 2, No. 3, and this Amendment No. 4, the “Schedule 13D”). The address of the Issuer’s principal executive offices is 7 Sanhedrin Boulevard, North Industrial Zone, Yavne 8110101, Israel.
 
This Amendment No. 4 is being filed by Ion Asset Management Ltd. (the “Management Company”), Jonathan Half, and Steven Levey (collectively, the “Reporting Persons”).
 
This Amendment No. 4 is being filed to amend Items 3, 4, and 5 of the Schedule 13D as follows:
 
Item 3. Source and Amount of Funds or Other Consideration
 
Item 3 of the Schedule 13D is amended to reflect the following:
 
The Funds expended an aggregate of approximately $34,151,532 of their own investment capital to acquire the 2,578,658 shares held by them.
 
Item 4.  Purpose of Transaction
 
Item 4 of the Schedule 13D is amended by adding thereto the following:

On June 27, 2014, The Management Company executed an agreement with Orbotech Ltd. regarding the topics disclosed in the Schedule 13D.  A copy of the June 27, 2014 agreement and Orbotech Ltd.’s press release is available in the Form 6-K furnished by the Issuer on June 30, 2014.
 
Item 5.  Interest in Securities of the Issuer
 
Item 5(a) of the Schedule 13D is amended to reflect the following:
 
 
(a)
As of the date of this Schedule 13D, the Reporting Persons beneficially own, in the aggregate, 2,578,658 shares of the Common Stock of the Issuer, held by the Funds, representing approximately 6.19% of the Issuer’s outstanding shares, based upon the 41,629,567 shares stated to be outstanding as of June 2, 2014 by the Issuer in the Form 6-K furnished to the Securities and Exchange Commission on June 5, 2014.
 
Item 5(b) of the Schedule 13D is amended to reflect the following:
 
 
(b)
Each of the Reporting Persons shares voting and dispositive power over the 2,578,658 shares of Common Stock.
 
Item 5(c) of the Schedule 13D is amended to reflect the following:
 
 
(c)
Set forth on Schedule I to this Amendment No. 4 are all transactions in the Common Stock of the Issuer effected since May 20, 2014 by the Reporting Persons.
 
 
 
 
Page 6 of 7 Pages
 
SIGNATURES
 
After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.
 
Dated:  30 June 2014
Ion Asset Management Ltd.
  
       
 
By:
/s/ Jonathan Half    /s/ Stephen Levey  
   
Jonathan Half               Stephen Levey
  
    Director                          Director  
 
Dated: 30 June 2014
By:
/s/ Jonathan Half    
   
Jonathan Half
  
 
Dated: 30 June 2014
By:
/s/ Stephen Levey  
   
Stephen Levey
  
 
 
 
 
 
Page 7 of 7 Pages
 
SCHEDULE I

This Schedule sets forth information with respect to each purchase and sale of Shares effected by a Reporting Person since May 20, 2014.  All transactions were purchases or sales of Shares effectuated in the open market through a broker.

Trade Date
Shares Purchased (Sold)
Price Per Share (U.S. $)
13-June-14
10,000
15.22