-----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, POe6n+2dP+INWCnVpT22Wr1Eey5VzzbTtsBVvSpBssYH2Z9Ip2eYh0hTIWufl2Lx cKkR+8bcQ0I1blLEqmwBlQ== 0000929624-01-000144.txt : 20010205 0000929624-01-000144.hdr.sgml : 20010205 ACCESSION NUMBER: 0000929624-01-000144 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010201 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RADA ELECTRONIC INDUSTRIES LTD CENTRAL INDEX KEY: 0000761238 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-51105 FILM NUMBER: 1521768 BUSINESS ADDRESS: STREET 1: MEDINAT HAYEHIDIM 12 STREET 2: P O BOX 2059 CITY: HERZLIYA ISRAEL 4612 STATE: L3 BUSINESS PHONE: 2127348340 MAIL ADDRESS: STREET 1: MEDINAT HAYEHIDIM 12 STREET 2: P O BOX 2059 CITY: HERZLIYA ISRAEL 461 STATE: L3 ZIP: 10021 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YEUNG HOWARD P L CENTRAL INDEX KEY: 0001063260 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2202 KODAK HOUSE II 39 HEALTHY ST STREET 2: EAST NORTH POINT CITY: HONG KONG BUSINESS PHONE: 01185225791800 MAIL ADDRESS: STREET 1: 2202 KODAK HOUSE II 39 HEALTHY ST STREET 2: EAST NORTH POINT CITY: HONG KONG SC 13D/A 1 0001.txt SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities and Exchange Act of 1934 (Amendment No. 2)* RADA ELECTRONIC INDUSTRIES LIMITED ---------------------------------------- (Name of Issuer) Ordinary Shares, Par Value NIS .002 Per Share --------------------------------------------- (Title of Class of Securities) 750115305 ---------------------------------------- (CUSIP Number) Robert T. Burke, Esq. MBV Law LLP 101 Vallejo Street San Francisco, CA 94111 (415) 781-4400 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 29, 2000 and November 15, 2000 --------------------------------------------------------- (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [_] Note: Schedules filed in paper format shall include a signed original and five copies of the schedules, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page should 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). SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 750115305 PAGE 2 OF 4 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Howard P.L. Yeung - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Hong Kong - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 4,899,270 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 4,899,270 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 4,899,270 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 14.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 750115305 PAGE 3 OF 4 PAGES - ----------------------- --------------------- This Amendment amends Items 5 and 6 of the Statement on Schedule 13D filed by Howard P.L. Yeung, an individual residing in Hong Kong ("H. Yeung"), on June 8, 1998, as amended by a Schedule 13D filed on August 11, 1999, relating to the Ordinary Shares, par value NIS.002 per share (the "Ordinary Shares"), of Rada Electronic Industries Limited, an Israeli corporation ("Rada"), by amending such items as set forth below. ITEM 5: INTEREST IN SECURITIES OF THE ISSUER - ------ ------------------------------------ Item 5 of the Schedule 13D is amended by adding the following to the disclosure already made under the indicated subparagraphs of Item 5: (a) H. Yeung owns directly 4,539,270 Ordinary Shares, representing approximately 13.1% of the outstanding Ordinary Shares. If H. Yeung were to exercise the Warrant previously reported, he would own 4,899,270 Ordinary Shares, representing approximately 14.0% of the outstanding Ordinary Shares. These percentages are based on 34,523,843 Ordinary Shares issued and outstanding as of October 10, 2000, according to Rada's Proxy Statement dated October 13, 2000 (any percentages shown above that assume exercise of the Warrant previously reported include in the total number of outstanding Ordinary Shares the number of Ordinary Shares that would be acquired thereby). As previously reported, H. Yeung owns 50% of the issued and outstanding capital stock of Horsham Enterprises Limited, a British Virgin Islands corporation ("Horsham"). As of the date hereof, Horsham owns 3,884,665 Ordinary Shares, including 509,450 shares Horsham has the shared power to vote pursuant to a Shareholders' Agreement (the "Horsham-Rada Shares"). If, by virtue of his ownership interest in Horsham, H. Yeung is deemed to be the beneficial owner of the Horsham-Rada Shares, H. Yeung would be the beneficial owner of 8,783,935 Ordinary Shares (assuming full exercise of the Warrant previously reported). Such 8,783,935 Ordinary Shares would represent approximately 25.2% of the total number of the outstanding Ordinary Shares. The filing of this statement shall not be construed as an admission that H. Yeung is the beneficial owner of the Horsham-Rada Shares. (b) No amendment. (c) The time period within which H. Yeung could have made the Second Loan previously reported expired on May 29, 2000. Therefore, H. Yeung is no longer contractually entitled to acquire the Second Stock Purchase Warrant previously reported covering 180,000 Ordinary Shares. Although the initial term of the First Stock Purchase Warrant previously reported was scheduled to expire on May 29, 2000, the Board of Directors of Rada approved a one-year extension of such term, which extension was approved at Rada's Annual Meeting of Shareholders on November 15, 2000. Therefore, the 360,000 Ordinary Shares issuable upon exercise of the First Stock Purchase Warrant are reported under Section 5(a) above, whereas the 180,000 Ordinary Shares formerly issuable pursuant to the Second Stock Purchase Warrant are not. (d) Not applicable. (e) Not applicable. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 750115305 PAGE 4 OF 4 PAGES - ----------------------- --------------------- ITEM 6: CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT - ------ --------------------------------------------------------------------- TO SECURITIES OF THE ISSUER --------------------------- As reported above, the time period within which H. Yeung could have made the Second Loan previously reported and thereby acquire the Second Stock Purchase Warrant has expired. 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 17, 2001 /s/ Howard P.L. Yeung - ----------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----