SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HOTTINGER GE

(Last)

(First)

(Middle)

DREIKONIGSTRASSE SS

ZURICH

(Street)

SWITZWERLAND 8027

00000

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SWISS HELVETIA FUND, INC. [ SWZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Parent Co. of Invest. Advisor

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/22/2007	06/29/2007	X		47,769	A	$16.6⁽¹⁾	191,074	D
Common Stock	06/22/2007	06/29/2007	X		3,275	A	$16.6	204,172⁽²⁾	I	Subsidiary - Hottinger Treuhand
Common Stock	06/22/2007	06/29/2007	X		11,339⁽³⁾	A	$16.6	249,527	I	Subsidiary - Hottinger Bank & Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Subscription Rights (right to buy)	$16.6	06/22/2007	06/29/2007	X⁽⁴⁾			143,307	05/24/2007	06/22/2007	Common Stock	47,769	$0	0	D
Subscription Rights (right to buy)	$16.6	06/22/2007	06/29/2007	X⁽⁴⁾			9,825	05/24/2007	06/22/2007	Common Stock	3,275	$0	0	I	Subsidiary - Hottinger Treuhand
Subscribition Rights (right to buy)	$16.6	06/22/2007	06/29/2007	X⁽⁴⁾			34,017	05/24/2007	06/22/2007	Common Stock	11,339	$0	0	I	Subsidiary - Hottinger Bank & Trust

Explanation of Responses:

1. Subscription price determined by 92.5% of the average of the last reported sales price per share on the NYSE for the five trading days ended June 22, 2007 (the Expiration Date).

2. Hottinger Treuhand is a subsidiary of Hottinger & Cie. Prior to the rights offering, Hottinger Treuhand owned 9823 shares. Through the offering, they ubscribed to 3275 shares and now own 13,098 shares.

3. Hottinger Bank & Trust is a subsidiary of Hottinger & Cie. Before the rights offering, Hottinger Bank & Trust owned 34016 shares. They purchased 11339 through the rights offering and now own a total of 45355 shares.

4. The shares of common stock under Item 4 of Table I were acquired through subscription in the Fund's 1-for-3 rights offering. Shares of Common Stock were issued pursuant to the exercise of:143307 rights issued to Hottinger & Cie, 9823 rights issued to Hottinger Treuhand, and 34016 rights issued to Hottinger Bank & Trust. These were acquired on June 29, 2007.

	Rudolf Millisits	07/03/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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