-----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, WzkUtCRnR4+I+BBctGBrKJkcIDrwWwxuc6eRaD3Vme5uOho0FDgpCwH4Lil2YfjL Fgk85HFYstdIiMm4yLUEnA== 0000929624-01-000504.txt : 20010330 0000929624-01-000504.hdr.sgml : 20010330 ACCESSION NUMBER: 0000929624-01-000504 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010329 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: 1583860 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. 3)* 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) March 28, 2001 -------------------------------------------------------- (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 - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 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 TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Hong Kong - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 5,641,770 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 5,641,770 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 5,641,770 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 16.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 750115305 PAGE 3 OF 4 PAGES - ----------------------- --------------------- This Amendment amends Items 3, 4 and 5 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, as further amended by a Schedule 13D filed on February 1, 2001, 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 3: Source of Funds - ------ --------------- Item 3 of the Schedule 13D is amended by adding the following to the disclosure already made under such item: The source of the purchase price for the Ordinary Shares purchased by H. Yeung in the open market as described under Item 5(c) below was personal funds of H. Yeung. ITEM 4: Purpose of Transaction - ------ ---------------------- Item 4 of the Schedule 13D is amended by adding the following to the disclosure already made under such item: H. Yeung may continue to purchase Ordinary Shares for investment purposes in the open market based on the factors discussed in Item 4 of the Schedule 13D filed on June 8, 1998 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 5,281,770 Ordinary Shares, representing approximately 15.3% of the outstanding Ordinary Shares. If H. Yeung were to exercise the Warrant previously reported, he would own 5,641,770 Ordinary Shares, representing approximately 16.2% of the outstanding Ordinary Shares. These percentages are based on 34,542,073 Ordinary Shares issued and outstanding as of February 16, 2001, according to Rada's Proxy Statement dated February 16, 2001 (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 February 1, 2001, Horsham owned 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 9,526,435 Ordinary Shares (assuming full exercise of the Warrant previously reported). Such 9,526,435 Ordinary Shares would represent approximately 27.3% 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) H. Yeung has sole voting and sole dispositive power over the Ordinary Shares acquired as described under Item 5(c) below. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 750115305 PAGE 4 OF 4 PAGES - ----------------------- --------------------- (c) H. Yeung has purchased Ordinary Shares as described below. All transactions were purchases in the open market:
Date Ordinary Shares Price per Share -------- --------------- --------------- 03/09/01 50,000 $0.90625 03/13/01 32,000 0.90625 03/14/01 33,500 0.90625 03/15/01 100,000 0.90470 03/16/01 90,000 0.90625 03/19/01 100,000 0.90230 03/20/01 100,000 0.90625 03/21/01 10,000 0.90625 03/22/01 100,000 0.90625 03/23/01 75,000 0.90625 03/26/01 25,000 0.90625 03/28/01 27,000 0.90625
(d) Not applicable. (e) Not applicable. 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. March 28, 2001 /s/ Howard P.L. Yeung - ------------------------------------ Howard P.L. Yeung -----END PRIVACY-ENHANCED MESSAGE-----