-----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,
 LUijN3QaPrky04xX7Zc9TCnXyGJ8yUd69Vned9idwidyeWRaNXOZl3xsYFXboZNu
 0g2Lz8YOtmVxRuC8cy7WlQ==

<SEC-DOCUMENT>0001216625-07-000004.txt : 20070507
<SEC-HEADER>0001216625-07-000004.hdr.sgml : 20070507
<ACCEPTANCE-DATETIME>20070507085447
ACCESSION NUMBER:		0001216625-07-000004
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070507
DATE AS OF CHANGE:		20070507
GROUP MEMBERS:		MARTIN S. GERSTEL

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMPUGEN LTD
		CENTRAL INDEX KEY:			0001119774
		STANDARD INDUSTRIAL CLASSIFICATION:	BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-60609
		FILM NUMBER:		07822353

	BUSINESS ADDRESS:	
		STREET 1:		72 PINCHAS ROSEN ST
		STREET 2:		TEL AVIV
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			69512
		BUSINESS PHONE:		011-972-3-765-8585

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GERSTEL MARTIN S
		CENTRAL INDEX KEY:			0001216625

	FILING VALUES:
		FORM TYPE:		SC 13G

	MAIL ADDRESS:	
		STREET 1:		C/O SYMYX TECHNOLOGIES, INC.
		STREET 2:		3100 CENTRAL EXPRESSWAY
		CITY:			SANTA CLARA
		STATE:			CA
		ZIP:			95051
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>one3gmartingerstel2007.htm
<DESCRIPTION>SC 13G - MARTIN GERSTEL - MAY 7, 2007
<TEXT>
<html>
<head>
<meta name=Generator content="Microsoft Word 11 (filtered)">
<title>13G Martin Gerstel - 2007 (2)</title>

<!--
 /* Style Definitions */
 p.MsoNormal, li.MsoNormal, div.MsoNormal
	{margin:0cm;
	margin-bottom:.0001pt;
	font-size:12.0pt;
	font-family:"Times New Roman";}
h1
	{margin-right:0cm;
	margin-left:0cm;
	font-size:24.0pt;
	font-family:"Times New Roman";
	font-weight:bold;}
a:link, span.MsoHyperlink
	{color:blue;
	text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
	{color:purple;
	text-decoration:underline;}
p
	{margin-right:0cm;
	margin-left:0cm;
	font-size:12.0pt;
	font-family:"Times New Roman";}
@page Section1
	{size:595.3pt 841.9pt;
	margin:72.0pt 90.0pt 72.0pt 90.0pt;}
div.Section1
	{page:Section1;}
- -->

</head>
<body lang=EN-US link=blue vlink=purple>

<div class=Section1 dir=LTR>
<div align=left dir=ltr>
<table able border=0 cellspacing=0 cellpadding=0 width=623
  Style="margin:0cm;border-collapse:collapse;width:467.55pt;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"">
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;punctuation-wrap:
  simple'>&nbsp;</p>
  </td>
  <td width=415 colspan=2 valign=top style='width:311.05pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td style='border:none;padding:0cm 0cm 0cm 0cm' width=7><p Style="margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"">&nbsp;</td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><b style='font-size:11.0pt'>&nbsp;</b></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;punctuation-wrap:
  simple'><b style='font-size:11.0pt'>UNITED STATES</b></p>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;punctuation-wrap:
  simple'><b style='font-size:11.0pt'>SECURITIES AND EXCHANGE COMMISSION<br>
    Washington, D.C. 20549</b></p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:18.0pt;
  punctuation-wrap:simple'><b style='font-size:11.0pt'>SCHEDULE 13G</b></p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:18.0pt;
  punctuation-wrap:simple'><b><i style='font-size:11.0pt'>&nbsp;</i></b></p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:18.0pt;  punctuation-wrap:simple'>Under the Securities
  Exchange Act of 1934</p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:18.0pt;  punctuation-wrap:simple'>Compugen Ltd.</p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:18.0pt;  punctuation-wrap:simple'>(Name of Issuer)</p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:12.0pt;
  punctuation-wrap:simple'><i><sup style='font-size:11.0pt'>&nbsp;</sup></i></p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=616 colspan=3 valign=top style='width:462.05pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:12.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  <p align=center dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:12.0pt;  punctuation-wrap:simple'>Ordinary Shares,
  nominal value 0.01 New Israeli Shekels per Share</p>
  </td>
  <td width=7 style='width:5.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
  margin-left:0cm;punctuation-wrap:simple'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:18.0pt;  punctuation-wrap:simple'>(Title of class of
  Securities)</p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:12.0pt;
  punctuation-wrap:simple'><i><sup style='font-size:11.0pt'>&nbsp;</sup></i></p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:18.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p align=center dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:
  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:12.0pt;
  punctuation-wrap:simple'><i><sup style='font-size:11.0pt'>&nbsp;</sup></i></p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:18.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 valign=top style='width:151.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;line-height:12.0pt;punctuation-wrap:
  simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
  <td width=298 valign=top style='width:223.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <h1 Style="margin:0cm;punctuation-wrap:simple;line-height:18.0pt;text-align: center;margin-bottom:.0001pt; margin-left:0cm; font-size:  11.0pt; font-weight:bold;font-family:"Times New Roman"" >M25722105</h1>
  <p align=center dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:  0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;line-height:18.0pt;  punctuation-wrap:simple'>(CUSIP Number)</p>
  </td>
  <td width=124 colspan=2 valign=top style='width:93.15pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
  margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:12.0pt;
  punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=201 style='width:151.0pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR  Style="margin:0cm;punctuation-wrap:simple;margin-bottom:.0001pt;font-size:.5pt;font-family:"Times New Roman"">&nbsp;</p>
  </td>
  <td width=298 style='width:223.4pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR  Style="margin:0cm;punctuation-wrap:simple;margin-bottom:.0001pt;font-size:.5pt;font-family:"Times New Roman"">&nbsp;</p>
  </td>
  <td width=117 style='width:87.65pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR  Style="margin:0cm;punctuation-wrap:simple;margin-bottom:.0001pt;font-size:.5pt;font-family:"Times New Roman"">&nbsp;</p>
  </td>
  <td width=7 style='width:5.5pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR  Style="margin:0cm;punctuation-wrap:simple;margin-bottom:.0001pt;font-size:.5pt;font-family:"Times New Roman"">&nbsp;</p>
  </td>
 </tr>
</table>
</div>
<p dir=LTR style='margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:4.45pt;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>*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 the disclosures provided in a prior cover page.</p>
<p dir=LTR style='margin-top:0cm;margin-right:4.45pt;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:4.45pt;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>The information required in the remainder of this
cover page shall not be deemed to be &quot;filed&quot; for the purpose of
Section 18 of the Securities Exchange Act of 1934 (&quot;Act&quot;) 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).</p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm;
margin-left:0cm;margin-bottom:.0001pt;text-align:justify;line-height:12.0pt;
punctuation-wrap:simple'>&nbsp;</p>
<div align=left dir=ltr>
<table able border=0 cellspacing=0 cellpadding=0
  Style="margin:0cm;border-collapse:collapse;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"">
 <tr>
  <td width=45 valign=top style='width:33.75pt;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  1</b></p>
  </td>
  <td width=510 colspan=4 valign=top style='width:382.75pt;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>NAME OR REPORTING PERSON<br>
  S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON</p>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>Name:
  Martin S. Gerstel </p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>Social
  Security Number:&nbsp;&nbsp;###-##-####</p>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=45 valign=top style='width:33.75pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  2</b></p>
  </td>
  <td width=510 colspan=4 valign=top style='width:382.75pt;border:none;
  border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>(a)&nbsp;&nbsp;&nbsp;&nbsp;</p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>(b)&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=45 valign=top style='width:33.75pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  3</b></p>
  </td>
  <td width=510 colspan=4 valign=top style='width:382.75pt;border:solid windowtext 1.0pt;
  border-left:none;background:#B4B4B4;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>SEC USE ONLY</p>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=45 valign=top style='width:33.75pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  4</b></p>
  </td>
  <td width=510 colspan=4 valign=top style='width:382.75pt;border-top:none;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  background:white;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>CITIZENSHIP OR PLACE OF ORGANIZATION</p>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>USA</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=140 colspan=2 rowspan=4 valign=top style='width:104.65pt;
  border-top:none;border-left:solid windowtext 1.0pt;border-bottom:none;
  border-right:solid windowtext 1.0pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:12.0pt;  margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><br>
  NUMBER OF <br>
  <br>
  SHARES</p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>BENEFICIALLY<br>
  <br>
  OWNED BY</p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'><br>
  EACH<br>
  <br>
  REPORTING<br>
  <br>
  PERSON</p>
  <p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'><br>
  WITH</p>
  </td>
  <td width=57 valign=top style='width:42.5pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  5</b></p>
  </td>
  <td width=359 colspan=2 valign=top style='width:269.35pt;border-top:none;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  background:white;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>SOLE VOTING POWER</p>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>1,152,568</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=57 valign=top style='width:42.5pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  6</b></p>
  </td>
  <td width=359 colspan=2 valign=top style='width:269.35pt;border-top:none;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  background:white;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>SHARED VOTING POWER</p>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>550,000</p>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=57 valign=top style='width:42.5pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  7</b></p>
  </td>
  <td width=359 colspan=2 valign=top style='width:269.35pt;border-top:none;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  background:white;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>SOLE DISPOSITIVE POWER</p>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>1,152,568</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=57 valign=top style='width:42.5pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  8</b></p>
  </td>
  <td width=359 colspan=2 valign=top style='width:269.35pt;border-top:none;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  background:white;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>SHARED DISPOSITIVE POWER</p>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  <p dir=LTR style='margin:0cm;font-size:11.0pt;margin-bottom:.0001pt;text-align:justify;  line-height:12.0pt;punctuation-wrap:simple'>550,000</p>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=45 valign=top style='width:33.75pt;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  9</b></p>
  </td>
  <td width=510 colspan=4 valign=top style='width:382.75pt;border:solid windowtext 1.0pt;
  border-left:none;background:white;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
  REPORTING PERSON</p>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>1,702,568</p>
  </td>
 </tr>
 <tr>
  <td width=45 valign=top style='width:33.75pt;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  10</b></p>
  </td>
  <td width=510 colspan=4 valign=top style='width:382.75pt;border-top:none;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  background:white;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
  EXCLUDES CERTAIN SHARES*</p>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
  </td>
 </tr>
 <tr>
  <td width=45 valign=top style='width:33.75pt;border-top:none;border-left:
  solid windowtext 1.0pt;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  11</b></p>
  </td>
  <td width=510 colspan=4 valign=top style='width:382.75pt;border-top:none;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  background:white;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</p>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>6.05%</p>
  </td>
 </tr>
 <tr>
  <td width=45 valign=top style='width:33.75pt;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='margin:0cm;margin-bottom:.0001pt;text-align:justify;
  line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'><br>
  12</b></p>
  </td>
  <td width=510 colspan=4 valign=top style='width:382.75pt;border-top:none;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  background:white;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>TYPE OF REPORTING PERSON*</p>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>IN</p>
  </td>
 </tr>
 <tr>
  <td width=554 colspan=4 valign=top style='width:415.55pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;  margin-left:0cm;line-height:12.0pt;punctuation-wrap:simple'>*<b>SEE INSTRUCTION BEFORE FILLING OUT!</b></p>
  </td>
  <td width=10 style='width:7.2pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
  margin-left:0cm;punctuation-wrap:simple'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=45 style='width:33.75pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR  Style="margin:0cm;punctuation-wrap:simple;margin-bottom:.0001pt;font-size:.5pt;font-family:"Times New Roman"">&nbsp;</p>
  </td>
  <td width=95 style='width:71.25pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR  Style="margin:0cm;punctuation-wrap:simple;margin-bottom:.0001pt;font-size:.5pt;font-family:"Times New Roman"">&nbsp;</p>
  </td>
  <td width=57 style='width:42.75pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR  Style="margin:0cm;punctuation-wrap:simple;margin-bottom:.0001pt;font-size:.5pt;font-family:"Times New Roman"">&nbsp;</p>
  </td>
  <td width=358 style='width:268.5pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR  Style="margin:0cm;punctuation-wrap:simple;margin-bottom:.0001pt;font-size:.5pt;font-family:"Times New Roman"">&nbsp;</p>
  </td>
  <td width=10 style='width:7.2pt;padding:0cm 0cm 0cm 0cm'>
  <p dir=LTR  Style="margin:0cm;punctuation-wrap:simple;margin-bottom:.0001pt;font-size:.5pt;font-family:"Times New Roman"">&nbsp;</p>
  </td>
 </tr>
</table>
</div>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 1.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>(a) Compugen Ltd.</p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>(b) 72 Pinchas Rosen St., Tel Aviv, 69512 Israel </p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 2.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>(a) Martin S. Gerstel</p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>(b) 72 Pinchas Rosen St., Tel Aviv, 69512 Israel</p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>(c) USA</p>
<P Style="font-size:10.0pt;font-family:"Times New Roman"" align=center><B>__1__</B>&nbsp;</P><br clear=all
style='page-break-before:always'>

<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>&nbsp;</p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>(d) Ordinary Shares nominal value 0.01 New Israeli
Shekels per Share </p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>(e) M25722105</p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 3.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>Not applicable.</p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 4. Ownership.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>(a) 1,702,568</p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>(b) 6.05%</p>
<p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm; margin-left:0cm;margin-bottom:.0001pt;text-align:justify;punctuation-wrap:simple'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 1,152,568 </p>
<p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm; margin-left:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:1.0cm; punctuation-wrap:simple'>(ii) 550,000</p>
<p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm; margin-left:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:1.0cm; punctuation-wrap:simple'>(iii) 1,152,568</p>
<p dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom:0cm; margin-left:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:1.0cm; punctuation-wrap:simple'>(iv) 550,000</p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 5. Ownership of Five Percent or Less of a Class.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>Not applicable.</p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 6. Ownership of More than Five Percent on Behalf
of Another Person.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>Not applicable.</p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 7. Identification and Classification of the
Subsidiary which Acquired the Security Being Reported on By the Parent Holding
Company.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>Not applicable.</p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 8. Identification and Classification of Members
of the Group.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>Not applicable.</p>
<p dir=LTR style='margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 9. Notice of Dissolution of Group.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'>Not applicable.</p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;text-align:justify;line-height:12.0pt;punctuation-wrap:simple'><b style='font-size:11.0pt'>Item 10. Certification.</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;text-indent:14.2pt;line-height:12.0pt; punctuation-wrap:simple'>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 such securities
and were not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.</p>
<p align=center dir=LTR style='font-size:11.0pt;margin-top:6.0pt;margin-right:0cm;margin-bottom: 6.0pt;margin-left:0cm;text-align:center;punctuation-wrap:simple'><br>
<b>SIGNATURE</b></p>
<p dir=LTR style='font-size:11.0pt;margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:0cm;text-align:justify;text-indent:14.2pt;line-height:12.0pt; punctuation-wrap:simple'>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.</p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;punctuation-wrap:simple'><i style='font-size:11.0pt'>&nbsp;</i></p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;punctuation-wrap:simple'><u style='font-size:11.0pt'>May 7,
2007<br>
</u>Date</p>
<p Style="margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"" dir=LTR><u style='font-size:11.0pt'>/s/ Martin S.
Gerstel<br>
</u><Font  style='font-size:11.0pt'>Signature</FONT></p>
<p dir=LTR style='margin-top:6.0pt;margin-right:0cm;margin-bottom:6.0pt;
margin-left:0cm;punctuation-wrap:simple'><u style='font-size:11.0pt'>Martin
S. Gerstel<br>
</u>Name</p>
<P Style="font-size:10.0pt;font-family:"Times New Roman"" align=center><B>__2__</B>&nbsp;</P></div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
