0001144204-17-007410.txt : 20170210 0001144204-17-007410.hdr.sgml : 20170210 20170210160521 ACCESSION NUMBER: 0001144204-17-007410 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170210 DATE AS OF CHANGE: 20170210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DarioHealth Corp. CENTRAL INDEX KEY: 0001533998 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 452973162 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-88306 FILM NUMBER: 17593227 BUSINESS ADDRESS: STREET 1: HALAMISH 9 CITY: CAESAREA INDUSTRIAL PARK STATE: L3 ZIP: 38900 BUSINESS PHONE: (972)-(3)-6222929 MAIL ADDRESS: STREET 1: HALAMISH 9 CITY: CAESAREA INDUSTRIAL PARK STATE: L3 ZIP: 38900 FORMER COMPANY: FORMER CONFORMED NAME: LabStyle Innovations Corp. DATE OF NAME CHANGE: 20111101 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ben-David Zvi CENTRAL INDEX KEY: 0001667943 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: 9 HALAMISH STREET STREET 2: CAESAREA INDUSTRIAL PARK CITY: CAESAREA STATE: L3 ZIP: 38900 SC 13D 1 v458886_sc13d.htm SC 13D

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No.     )

 

 

DARIOHEALTH CORP.

(Name of Issuer)

 

Common Stock
(Title of Class of Securities)

 

23725P100

(CUSIP Number)

 

Zvi Ben-David

c/o DarioHealth Corp.

9 Halamish Street

Caesarea Industrial Park 3088900, Israel

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 3, 2016
(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 which 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).

 

 

CUSIP No. 23725P10013DPage 2 of 5 Pages

 

1.

Names of reporting persons

Zvi Ben-David

2.

Check the appropriate box if a member of group (See Instructions)

 

(a) ¨

(b) ¨

 

3. SEC use only

4. Source of funds (See Instructions)
PF (1)

 

 

5. Check 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

577,262 (1)

 

 

     
8.

Shared voting power

0

 

 

     
9.

Sole dispositive power

577,262 (1)

 

 

     
10.

Shared dispositive power
0

 

 

 

 

11. Aggregate amount beneficially owned by each reporting person
577,262 (2)

 

 

12. Check if the aggregate amount in row (11) excludes
certain shares (See Instructions)

 

¨

13. Percent of class represented by amount in row (11)
7.7%

 

 

14. Type of reporting person (See Instructions)
IN

 

 

 

(1) Includes 35,894 vested options to purchase Common Stock and 168,753 warrants to purchase Common Stock.

 

(2) Based on a total of 7,264,006 shares outstanding, as reported by the Issuer in a Preliminary Proxy Statement filed with the SEC on February 3, 2017.

 

 

CUSIP No. 23725P10013DPage 3 of 5 Pages

 

Item 1.Security and Issuer

 

This Statement relates to the common stock, $0.0001 par value per share (hereinafter referred to as the “Common Stock”), of DarioHealth Corp., a Delaware corporation (the “Issuer”).

 

The principal executive offices of the Issuer are located at 9 Halamish Street, Caesarea Industrial Park 3088900, Israel.

 

Item 2.Identity and Background

 

(a) and (f) Zvi Ben-David (the “Reporting Person”) is an Israeli citizen.

 

(b) The Reporting Person’s business address is 9 Halamish Street, Caesarea Industrial Park 3088900, Israel.

 

(c) Chief Financial Officer of the Issuer, 9 Halamish Street, Caesarea Industrial Park 3088900, Israel.

 

(d) and (e) During the last five years, Mr. Ben-David has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and he has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction such that, as a result of such proceeding, he is or has been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3.Source and Amount of Funds or Other Consideration

 

Mr. Ben-David was awarded certain stock options and shares of common stock as compensation for his role as Chief Executive Officer of the Issuer or purchased such securities with personal funds.

 

Item 4.Purpose of Transaction

 

The Reporting Person currently serves as the Chief Financial Officer of the Issuer. The securities of the Issuer were acquired for investment purposes. The Reporting Person has no plans or proposals to implicate the actions described in clauses (a) through (j) of Item 4.

 

Item 5.Interest in Securities of the Issuer

 

(a) Mr. Ben-David may be deemed to beneficially own 466,150 shares of Common Stock of the Issuer, which constitute 6.3% of the outstanding shares of Common Stock of the Issuer, based upon 7,264,006 shares of the Common Stock outstanding as of February 3, 2017. Such shares of Common Stock include (i) 372,615 shares of Common Stock; (ii) 35,894 vested options to purchase Common Stock; and (iii) 168,753 warrants to purchase Common Stock.

 

 

CUSIP No. 23725P10013DPage 4 of 5 Pages

 

(b) Mr. Ben-David has sole voting and dispositive power of 577,262 shares of Common Stock of the Issuer. Such shares of Common Stock consist of (i) 372,615 shares of Common Stock; (ii) 35,894 vested options to purchase Common Stock; and (iii) 168,753 warrants to purchase Common Stock, as of February 3, 2017.

 

(c)        Not applicable.

 

(d) No person other than Mr. Ben-David has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported above in this Item 5 and held directly by Mr. Ben-David.

 

(e) Not applicable.

 

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

 

The Reporting Person’s options are subject to the Company’s Amended and Restated 2012 Equity Incentive Plan (the “Plan”) and option agreements issued thereunder. The Report Person is eligible to receive future grants under the Plan.

 

Item 7.Material to be Filed as Exhibits

 

Not applicable.

 

 

 

 

CUSIP No. 23725P10013DPage 5 of 5 Pages


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.

 

Date: February 10, 2017

 

       
  By:

/s/ Zvi Ben-David

 
    Zvi Ben-David