0001193125-16-426014.txt : 20160111 0001193125-16-426014.hdr.sgml : 20160111 20160111111833 ACCESSION NUMBER: 0001193125-16-426014 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160111 DATE AS OF CHANGE: 20160111 GROUP MEMBERS: TARSHISH HAHZAKOT VEHASHKAOT HAPOALIM LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TOWER SEMICONDUCTOR LTD CENTRAL INDEX KEY: 0000928876 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] 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: 005-45635 FILM NUMBER: 161335542 BUSINESS ADDRESS: STREET 1: RAMAT GAVRIEL INDUSTRIAL PARK STREET 2: PO BOX 619 CITY: MIGDAL HAEMEK STATE: L3 ZIP: 23105 BUSINESS PHONE: 97246506611 MAIL ADDRESS: STREET 1: RAMAT GAVRIEL INDUSTRIAL PARK STREET 2: PO BOX 619 CITY: MIGDAL HAEMEK STATE: L3 ZIP: 23105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANK HAPOALIM BM CENTRAL INDEX KEY: 0000902528 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 8880 [8880] IRS NUMBER: 132775750 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 50 ROTHCHILD BOULEVARD CITY: TEL AVIV STATE: L3 ZIP: 00000 BUSINESS PHONE: 9723567494 MAIL ADDRESS: STREET 1: BANK HAPOALIM B M STREET 2: 50 ROTHCHILD BOULEVARD CITY: TEL AVIV STATE: L3 ZIP: 00000 SC 13D/A 1 d118039dsc13da.htm AMENDMENT NO. 8 Amendment No. 8

 

 

Page 1 of 9

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)

 

 

Tower Semiconductor Ltd.

(Name of Issuer)

Ordinary Shares, NIS 15.00 par value per share

(Title of Class of Securities)

M87915-10-0

(CUSIP Number)

Ronen Meidan

Bank Hapoalim B.M.

63 Yehuda Halevi St.

Tel Aviv 6578109, Israel

972-3-567-4174

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

September 30, 2015

(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.  ¨

 

 

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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

 

 

1

13D

 

CUSIP No. M87915-10-0   Page 2 of 9

 

  1.   

Names of Reporting Persons.

Bank Hapoalim B.M.

 

I.R.S. Identification Nos. of above persons (entities only).

Not applicable.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions) OO

 

  5.  

Check 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 – 3,859,877

 

     8.   

Shared Voting Power – 29,887

 

     9.   

Sole Dispositive Power – 3,859,877

 

   10.   

Shared Dispositive Power – 29,887

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person – 3,889,764

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  x

 

13.  

Percent of Class Represented by Amount in Row (11) – 4.6% (1)

 

14.  

Type of Reporting Person (See Instructions)

 

BK

 

(1) Based on the number of Ordinary Shares outstanding as at December 31, 2015, as reported by Tower to the Tel Aviv Stock Exchange (“TASE”), and calculated in accordance with rule 13d-3(d)(1)(i).

 

 

 

2

13D

 

CUSIP No. M87915-10-0   Page 3 of 9

 

  1.   

Names of Reporting Persons.

Tarshish Hahzakot Vehashkaot Hapoalim Ltd.

 

I.R.S. Identification Nos. of above persons (entities only).

Not applicable.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions) OO

 

  5.  

Check 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 – 29,887

 

     9.   

Sole Dispositive Power – 0

 

   10.   

Shared Dispositive Power – 29,887

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person – 29,887

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  x

 

13.  

Percent of Class Represented by Amount in Row (11) – less than 0.01% (1)

 

14.  

Type of Reporting Person (See Instructions)

 

CO

 

(1) Based on number of Ordinary Shares outstanding as at December 31, 2015, as reported by Tower to TASE, and calculated in accordance with rule 13d-3(d)(1)(i).

 

 

 

3

13D

 

CUSIP No. M87915-10-0   Page 4 of 9

 

 

The statement on Schedule 13D, dated February 3, 2011, of Bank Hapoalim B.M. (“Hapoalim”) and Tarshish Hahzakot Vehashkaot Hapoalim Ltd. (“Tarshish”) (collectively, the “Reporting Persons”), as amended by Amendment No. 1 thereto, dated June 10, 2013, Amendment No. 2 thereto, dated June 24, 2013, Amendment No. 3 thereto, dated July 22, 2013, Amendment No. 4 thereto, dated January 15, 2014, Amendment No. 5 thereto, dated June 6, 2014, Amendment No. 6 thereto, dated August 29, 2014 and Amendment No. 7 thereto, dated March 6, 2015, is hereby further amended as follows:

Item 2. Identity and Background

Schedule A is hereby amended to read in its entirety as attached hereto and incorporated by reference.

Item 5. Interest in Securities of the Issuer

Item 5(a)-(c) is hereby amended to read in its entirety as follows:

“To the knowledge of the Reporting Persons:

 

  (a)     (1) Hapoalim is the beneficial owner of 3,889,764 Ordinary Shares, including 3,010,626 Ordinary Shares issuable upon conversion of its currently convertible capital notes, 170,374 Ordinary Shares issuable upon exercise of currently exercisable warrants (including warrants to purchase 140,487 Ordinary Shares held by Hapoalim and a warrant to purchase 29,887 Ordinary Shares held by Tarshish, its wholly-owned subsidiary) expiring on December 31, 2018 and 105,885 Series 9 Warrants expiring on June 27, 2017. Hapoalim (and Tarshish’s) ownership, as aforesaid collectively represents approximately 4.6% of the Ordinary Shares outstanding as at December 31, 2015, as reported by Tower to TASE, and calculated in accordance with rule 13d-3(d)(1)(i).

 

  (2) Tarshish is the beneficial owner of 29,887 Ordinary Shares issuable upon exercise of its currently exercisable warrant, representing less than 0.01% of the Ordinary Shares outstanding as at December 31, 2015 as reported by Tower to TASE, and calculated in accordance with rule 13d-3(d)(1)(i).

 

  (b) Hapoalim has sole voting and dispositive power over 3,859,877 Ordinary Shares, including 3,010,626 Ordinary Shares issuable upon conversion of currently convertible capital notes, 140,487 Ordinary Shares issuable upon exercise of currently exercisable warrants expiring on December 31, 2018 and 105,885 Series 9 Warrants expiring on June 27, 2017. Hapoalim and Tarshish share voting and dispositive power over 29,887 Ordinary Shares issuable upon exercise of a currently exercisable warrant held by Tarshish expiring on December 31, 2018.

 

  (c) Save for the following, neither Hapoalim nor Tarshish has effected any transactions in the Ordinary Shares during the past 60 days:

Set forth below are the dates of sale, number and average price per share of Ordinary Shares sold by Hapoalim on NASDAQ.

 

Date

   

Number of Shares

   

Price Per Share

December 21, 2015

    50,000    US $15.0889

December 22, 2015

    41,050    US $15.0218

December 23, 2015

    50,000    US $15.0839

December 28, 2015

    22,967    US $15.0098

 

4

13D

 

CUSIP No. M87915-10-0   Page 5 of 9

 

 

Item 5 is hereby amended to add paragraph (e) thereto as follows:

 

  (e) Based on the report on Form 6-K filed by Tower with the Securities and Exchange Commission on November 12, 2015, containing Tower’s press release reporting its results for the third quarter ended September 30, 2015, Hapoalim ceased to be a reporting person by no later than September 30, 2015.

 

5

13D

 

CUSIP No. M87915-10-0   Page 6 of 9

 

 

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.

January 10, 2016

 

Date

 

/s/ Dan Alexander Koller    /s/ Ronen Meidan

 

Signature

Bank Hapoalim B.M.

 

Dan Alexander Koller, Head of

Financial Markets Division

   

Ronen Meidan, Head of

Equity Investments Unit

 

Name/Title

January 10, 2016

 

Date

 

/s/ Dan Alexander Koller    /s/ Ronen Meidan

 

Signature

Tarshish Hahzakot Vehashkaot Hapoalim Ltd.

 

Dan Alexander Koller, Chairman of Board of Directors    Ronen Meidan, Director

 

Name/Title

 

6

13D

 

CUSIP No. M87915-10-0   Page 7 of 9

 

 

SCHEDULE A

Information Regarding Senior Officers and Directors of Bank Hapoalim B.M.

Board of Directors

 

Name

   

Address

   

Principal Occupation

   

Citizenship

Yair Seroussi

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Chairman of the Board of Bank

Hapoalim B.M.

    Israel

Irit Izakson

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Chairman of the Boards of Directors

of the credit-card companies in the

Bank Group, director in various

companies

    Israel

Mali Baron

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Director of companies    Israel

Amnon Dick

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Businessman, partner in

communications companies,

consultant and director. CEO of

Adsensory Ltd.

    Israel

Meir Wietchner

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Head of Global strategy for the

Arison Group and Chairman of the

Miya Group

    Israel

Nir Zichlinskey

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

President and CEO of SRI Global

Group

    Israel

Imri Tov

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Director of companies; business

consultant and researcher in defense

economics

    Israel

Yaacov Peer

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Financial and managerial consultant

for small businesses

    Israel

Efrat Peled

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Chairman of the Board and CEO of

the following companies: Arison

Holdings (1998) Ltd.,

Arison Investments Ltd.,

Arison Sustainability Ltd.,

Arzaf Ltd., Arzaf B (97) Ltd., and

Arzaf D Ltd. and CEO of the

following companies: SAFO LLC and

Arzaf C Ltd.

    Israel

Moshe Koren

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Banking and financial consultant    Israel

Dafna Schwartz

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Professor and member of staff at the

Department of Business

Administration, Faculty of

Management, Ben Gurion University

of the Negev, Economic and business

consultant in Israel and overseas

    Israel

Ido Stern

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Deputy General Manager and legal

counsel at Arison Holdings (1998)

Ltd. and Arison Investments Ltd.

    Israel

Yosef Yarom

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Lecturer on auditing in the business

sector at Haifa University

    Israel & Argentina

 

7

13D

 

CUSIP No. M87915-10-0   Page 8 of 9

 

 

Senior Officers

 

Name    Business Address    Principal Occupation   Citizenship

Zion Kenan

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    President and Chief Executive

Officer

   Israel

Ari Pinto

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Head of Retail Banking   Israel

Jacob Orbach

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Head of Corporate Banking   Israel

Efrat Yavetz

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Head of Human Capital,

Advising, and Resources

   Israel

Ofer Levy

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Chief Accountant   Israel

Dan Alexander Koller

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Head of Financial Markets   Israel

Ilan Mazur

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Chief Legal Adviser   Israel

Yadin Antebi

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Chief Financial Officer   Israel

Ron Weksler

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Head of Corporate Strategy   Israel

Amir Aviv

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Head of International Banking   Israel

Zeev Chayu

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Head of Internal Audit in Israel

and abroad

   Israel

Ronit Shapira

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Corporate Secretary   Israel

Tsahi Cohen

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Chief Risk Officer   Israel

Avi Kochva

   

63 Yehuda Halevi St., Tel

Aviv, Israel

    Head of Information Technology   Israel

PRINCIPAL HOLDERS OF THE

ISSUED SHARE CAPITAL OF BANK HAPOALIM B.M.

 

NAME

    % OF CAPITAL

ARISON HOLDINGS (1998) LTD

    20.2%

 

8

13D

 

CUSIP No. M87915-10-0   Page 9 of 9

 

 

Arison Holdings (1998) Ltd.—Director Information

 

Name    Address    Citizenship    Principal Occupation

Irit Izakson

   

63 Yehuda Halevi St., Tel-

Aviv, Israel

    Israel    director in various companies

Shari Arison

   

23 Shaul Hamelech Blvd.,

Tel-Aviv, Israel

    Israel & USA    Investor

James M. Dubin

   

c/o Paul Weiss, 1285

Avenue of the Americas,

New York, NY

    USA    Attorney—Paul Weiss

Jason Arison

   

23 Shaul Hamelech Blvd.,

Tel-Aviv, Israel

    Israel & USA   

Chairman, The Ted Arison Family

Foundation (Israel) Ltd.

David Arison

   

23 Shaul Hamelech Blvd.,

Tel-Aviv, Israel

    Israel & USA    Officer of MIYA, an Arison Group Company

Cassie Arison

   

23 Shaul Hamelech Blvd.,

Tel-Aviv, Israel

    Israel & USA    Investor

Efrat Peled

   

23 Shaul Hamelech Blvd.,

Tel-Aviv, Israel

    Israel   

Chairman of the Board and CEO of

Arison Holdings (1998) Ltd., CEO

and director in various companies

Daniel Arison

   

23 Shaul Hamelech Blvd.,

Tel-Aviv, Israel

    Israel & USA    Investor

Information Regarding Senior Officers and Directors

of Tarshish Hahzakot Vehashkaot Hapoalim Ltd.

Board of Directors

 

Name

   

Address

   

Principal Occupation

   

Citizenship

Eran Zimmerman

   

11 Hanegev St., Tel-Aviv,

Israel

   

CEO (Tarshish). SVP capital

management -Bank Hapoalim

B.M.

    Israel

Dan Alexander Koller

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Head of Financial Markets -

Bank Hapoalim B.M.

    Israel

Ronen Meidan

   

63 Yehuda Halevi St., Tel

Aviv, Israel

   

Head of Equity Investment Unit-

Bank Hapoalim B.M.

    Israel

Arie Stainfeld

   

62 Yehuda Halevi St., Tel

Aviv, Israel

   

Head of Exposures and Risk

Management Department- Bank

Hapoalim B.M.

    Israel

Guy Kalif, C.P.A.

(Isr)

   

11 Hanegev St., Tel-Aviv,

Israel

   

Manager, Comptroller Division -

Bank Hapoalim B.M.

    Israel

 

9