0001178913-17-001795.txt : 20170612 0001178913-17-001795.hdr.sgml : 20170612 20170612063116 ACCESSION NUMBER: 0001178913-17-001795 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170612 DATE AS OF CHANGE: 20170612 GROUP MEMBERS: RAFI AMIT GROUP MEMBERS: YOTAM STERN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CAMTEK LTD CENTRAL INDEX KEY: 0001109138 STANDARD INDUSTRIAL CLASSIFICATION: OPTICAL INSTRUMENTS & LENSES [3827] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59877 FILM NUMBER: 17904550 BUSINESS ADDRESS: STREET 1: INDUSTRIAL ZONE PO BOX 631 STREET 2: MIGDAL HAEMEK 011-972-6-644-0521 CITY: ISRAEL 10556 STATE: L3 ZIP: 00000 MAIL ADDRESS: STREET 1: INDUSTRIAL ZONE STREET 2: MIGDAL HAEMEK ISREAL FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PCB LTD CENTRAL INDEX KEY: 0001135129 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: CAMTEK LTD P O BOX 631 CITY: MIGDAL HAEMEK STATE: L3 ZIP: 10566 BUSINESS PHONE: 9053613660 SC 13D/A 1 zk1720128.htm SC 13D/A
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*

CAMTEK LTD.
(Name of Issuer)
 
Ordinary Shares, NIS 0.01 per share
(Title of Class of Securities)
 
M207 91105
(CUSIP Number)
 
Lior Aviram, Adv.
Shibolet & Co.
Museum Tower
4 Berkowitz St.
64238 Tel Aviv, Israel
Tel: 972-3-777-8333
Fax:  972-3-777-8444
Richard H. Gilden, Esq.
Kramer Levin Naftalis & Frankel LLP
1177 Avenue of the Americas
New York, NY 10036
Tel:  212-715-9486
Fax:  212-715-8085
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
June 8, 2017
(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 ☐.

 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
 
Priortech Ltd. (formerly “PCB Ltd.”)
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
☒
 
(b)
☐
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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
 
 
 
15,819,739 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
 
15,819,739 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
15,819,739 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
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)
 
 
 
44.75%
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
CO
 
 
 
 
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
 
Rafi Amit
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
☒
 
(b)
☐
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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
 
 
 
24,560 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
8
SHARED VOTING POWER
 
 
 
15,819,739 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
24,560 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
 
15,819,739 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
15,819,739 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
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)
 
 
 
44.8%
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
IN
 
 
 
 

 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
 
Yotam Stern
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
☐
 
(b)
☐
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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
 
 
 
108,200 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
8
SHARED VOTING POWER
 
 
 
15,819,739 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
 
108,200 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
 
15,819,739 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
15,819,739 Ordinary Shares, NIS 0.01 par value per share
 
 
 
 
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)
 
 
 
45%
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 
 
Introduction

This Amendment No. 3 (this “Amendment”) relates to the Schedule 13D filed on August 19, 2002 (as amended and supplemented to date, the “Schedule 13D”) by the reporting persons relating to the ordinary shares, NIS 0.01 per share (the “Ordinary Shares”) of Camtek Ltd. (the “Issuer”), whose principal executive offices are located at Ramat Gavriel Ind. Zone, P.O.Box 544 Migdal Ha'emek 23150, Israel. This Amendment No. 3 amends the Schedule 13D as specifically set forth herein.

Item 3.  Source or Amount of Funds or Other Consideration.

N/A

Item 4.  Purpose of Transaction.

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following text after the last sentence thereto:
On June 8, 2017, Priortech Ltd.("Priortech") sold 500,000 Issuer Ordinary Shares at a price of $2.36 per share pursuant to the exercise of an option previously granted by Priortech.

Item 5.  Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is amended and restated in its entirety as follows:

(a) and (b)          As of the date hereof, Priortech beneficially owns 15,819,739 Issuer Ordinary Shares, representing approximately 44.75% of the issued and outstanding Issuer Ordinary Shares.  To the knowledge of Priortech, none of the directors or executive officers of Priortech beneficially own any Issuer Ordinary Shares, other than as described  below.

As a result of a voting agreement among each of Messrs. Rafi Amit and Yotam Stern, each of these individuals may be deemed to beneficially own the 15,819,739 Issuer Ordinary Shares owned by Priortech and may be deemed to share the power to vote and dispose of all such Issuer Ordinary Shares.

As of the date hereof, Mr. Rafi Amit beneficially owned 15,844,299 Issuer Ordinary Shares, or approximately 44.8% of the outstanding Issuer Ordinary Shares.  Mr. Amit shares the power to vote and dispose of 15,819,739 Issuer Ordinary Shares owned by Priortech, and has the sole power to vote and dispose of 24,560 Issuer Ordinary Shares.

As of the date hereof, Mr. Yotam Stern beneficially owned 15,927,939 Issuer Ordinary Shares, or approximately 45% of the outstanding Issuer Ordinary Shares.  Mr. Stern shares the power to vote and dispose of 15,819,739 Issuer Ordinary Shares owned by Priortech, and has the sole power to vote and dispose of 108,200 Issuer Ordinary Shares.
 
(c)          On June 8, 2017, Priortech Ltd. sold 500,000 Issuer Ordinary Shares at a price of $2.36 per share.

(d)          None.

(e)          N/A.

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

N/A


 
 
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: June 12, 2017
 
 
Priortech Ltd.
   
 
By:
 /s/  Yotam Stern
   
Name:   Yotam Stern
   
Title:     Chief Executive Officer
 
 
By:
 /s/  Rafi Amit
   
Rafi Amit
   
 
By:
 /s/  Yotam Stern
   
Yotam Stern