-----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, BT72TcYWl2u3QN45cxSJzzndB3zuzcWMFWyyAR/+ASinO4jDm8lmWYaV4gv9+vKn RFq7xzKaVF8eIBZzU4bBGA== 0001178913-11-000509.txt : 20110215 0001178913-11-000509.hdr.sgml : 20110215 20110215064758 ACCESSION NUMBER: 0001178913-11-000509 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110215 DATE AS OF CHANGE: 20110215 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Schechter Ido CENTRAL INDEX KEY: 0001456640 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: C/O TOP IMAGE SYSTEMS LTD. CITY: TEL AVIV STATE: L3 ZIP: 69710 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TOP IMAGE SYSTEMS LTD CENTRAL INDEX KEY: 0001021991 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-50128 FILM NUMBER: 11612323 BUSINESS ADDRESS: STREET 1: 2 HABARZEL ST CITY: TEL AVIV 69710 ISRA STATE: L3 ZIP: 00000 BUSINESS PHONE: 01197236487722 MAIL ADDRESS: STREET 1: C/O PROSKAUER ROSE LLP STREET 2: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036-8299 SC 13G 1 zk1109480.htm SC 13G zk1109480.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________

SCHEDULE 13G

Under the Securities Exchange Act of 1934

Top Image Systems Ltd.

(Name of Issuer)
 
Ordinary Shares nominal value NIS 0.04 per share
(Title of Class of Securities)
 
M87896102
(CUSIP NUMBER)

December 31, 2010
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
 
o
Rule 13d-1(b)
 
o
Rule 13d-1(c)
 
x
Rule 13d-1(d)
 
 
 

 

SCHEDULE 13G
 
CUSIP No. M87896102
   

1.
Name of reporting persons:
I.R.S. Identification Nos. of Above Persons (Entities Only)                                     
 
Dr. Ido Schechter
2.
Check the appropriate box if a member of a group
(a) o
(b) x
3.
sec use only
 
 
4.
citizenship or place of organization
 
Israel
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5.
sole voting power
 
722,998 (1)
6.
shared voting power
 
None
7.
sole dispositive power                                                                                   
 
722,998 (1)
8.
shared dispositive power
 
None.
9.
aggregate amount beneficially owned by each reporting person
 
722,998 (1)
10.
check box if the aggregate amount in row (9) excludes certain shares:
 
None.
11.
percent of class represented by amount in row (9)
 
7.4% (1) (2)
12.
type of reporting person
 
in

 
- 2 -

 
 
SCHEDULE 13G
 
CUSIP No. M87896102
   
 
Item 1(a). 
Name of Issuer:  Top Image Systems Ltd.
 
Item 1(b).    
Address of Issuer’s Principal Executive Offices:
 
2 Ben Gurion Street,
Ramat Gan,
52573, Israel
 
Item 2(a). 
Name of Person Filing:
 
Item 2(b).   
Address of Principal Business Office or, if None, Residence:
 
Dr. Ido Schechter
2 Ben Gurion Street,
Ramat Gan,
52573, Israel

Item 2(c).  
Citizenship: Israel
 
Item 2(d).    
Title of Class of Securities:
 
Ordinary Shares nominal value NIS 0.04 per share (the “Ordinary Shares”).
 
Item 2(e).  
CUSIP Number:
 
M87896102
 
Item 3.
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
 
 
(a) o
Broker or dealer registered under Section 15 of the Exchange Act;
 
 
(b) o
Bank as defined in Section 3(a)(6) of the Exchange Act;
 
 
(c) o
Insurance Company as defined in Section 3(a)(19) of the Exchange Act;
 
 
- 3 -

 
 
SCHEDULE 13G
 
CUSIP No. M87896102
   
 
 
(d) o
Investment Company registered under Section 8 of the Investment Company Exchange Act;
 
 
(e) o
Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
 
 
(f) o
Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F);
 
 
(g) o
Parent Holding Company or Control Person in accordance with Rule 13d-1(b)(1)(ii)(G);
 
 
(h) o
Saving Association as defined in Section 3(b) of The Federal Deposit Insurance Act;
 
 
(i) o
Church Plan that is excluded from the definition of an Investment Company under Section 3(c)(14) of the Investment Company Act;
 
 
(j) o
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
 
Item 4.
Ownership.
 
 
(a) 
Amount beneficially owned:  722,998(1)
 
 
(b) 
Percent of Class:  7.4%(1)(2)
 
 
(c) 
Number of shares as to which such person has:
 
 
(i) 
Sole power to vote or to direct the vote: 722,998(1)
 
 
(ii) 
Shared power to vote or to direct the vote: None.
 
 
(iii)
Sole power to dispose or direct the disposition of: 722,998(1)
 
 
(iv) 
Shared power to dispose or to direct the disposition of: None.
 
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:  N/A
 
Item 6. 
Ownership of More than Five Percent on Behalf of Another Person. N/A
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. N/A
 

 
- 4 -

 
 
SCHEDULE 13G
 
CUSIP No. M87896102
   
 
Item 8. 
Identification and Classification of Members of the Group.
 
N/A
 
Item 9.    
Notice of Dissolution of Group.
 
N/A
 
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.
 
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.
 
 
February 15, 2011
(Date)
   
 
Dr. Ido Schechter

By:/s/ Ido Schechter  
   
 
(1)
Includes 317,923 Ordinary Shares the reporting person has the right to acquire within 60 days.
 
(2)
The reporting person was advised by the issuer person that as of December 31, 2010 there were 9,400,638 outstanding Ordinary Shares of the issuer.
 
- 5 -
 


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