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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001178913-06-002064.txt : 20061109
<SEC-HEADER>0001178913-06-002064.hdr.sgml : 20061109
<ACCEPTANCE-DATETIME>20061109061004
ACCESSION NUMBER:		0001178913-06-002064
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061109
FILED AS OF DATE:		20061109
DATE AS OF CHANGE:		20061109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILICOM LTD
		CENTRAL INDEX KEY:			0000916793
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER COMMUNICATIONS EQUIPMENT [3576]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23288
		FILM NUMBER:		061199430

	BUSINESS ADDRESS:	
		STREET 1:		08 HANAGAR ST
		CITY:			KFAR-SAVA ISRAEL
		STATE:			L3
		ZIP:			44000
		BUSINESS PHONE:		97297644555

	MAIL ADDRESS:	
		STREET 1:		P.O.BOX 2164
		CITY:			KFAR-SAVA
		STATE:			L3
		ZIP:			44000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk63098.htm
<TEXT>
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     <!-- Control Number: 63098                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Silicom Ltd                                                      -->
     <!-- Project Name:   6-K                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>6-K</TITLE>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SECURITIES AND
EXCHANGE COMMISSION </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>WASHINGTON, D.C. 20549 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 6-K </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>REPORT OF FOREIGN
PRIVATE ISSUER </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>PURSUANT TO RULE
13a-16 OR 15d-16 OF </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>THE SECURITIES
EXCHANGE ACT OF 1934 </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><I>For the month of
November, 2006</I></B> </FONT> </P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5>SILICOM LTD. </FONT></H1>

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<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Translation of Registrant&#146;s name into English) </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>8 Hanagar St., P.O.Box
2164, Kfar-Sava 44425, Israel </FONT></H1>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address of Principal Executive Offices)</FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form 40-F: </FONT></P>

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<H1 Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form 20-F <FONT size="3" face="Wingdings">x
</font> Form 40-F <FONT size="3" face="Wingdings">o
</font></FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark whether the
registrant by furnishing the information contained in this form is also thereby furnishing
the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934: </FONT></P>

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<H1 Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Yes <FONT size="3" face="Wingdings">o
</font> No <FONT size="3" face="Wingdings">x</font></FONT></H1>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Signature </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned, thereunto duly authorized. </FONT></P>














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<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SILICOM  Ltd.<BR>
(Registrant)<BR><BR>
<BR>By: /s/ Eran Gilad<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Eran Gilad<BR>CFO</FONT></TD>
</TR>
</TABLE>
<BR>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: November
9<SUP>th</SUP>, 2006 </FONT></P>


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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>SILICOM LTD. <Br>
NOTICE
OF ANNUAL AND EXTRAORDINARY GENERAL MEETING OF <Br>
SHAREHOLDERS<Br>
DECEMBER 21, 2006 </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notice
is hereby given that an Annual and Extraordinary General Meeting (the
&#147;<B>Meeting</b>&#148;) of Shareholders of Silicom Ltd. (the
&#147;<B>Company</b>&#148;) will be held at the offices of the Company at 8 Hanagar
Street, Kfar Sava 44000, Israel, on December 21, 2006, at 10.00 a.m., Israel time. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company is a Dual Company, as such term is defined in the Israeli Companies Regulations
(Accommodations for Public Companies Traded on Stock Markets Outside of Israel) &#150;
2000. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Meeting is being called for the following purposes: </font></p>

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     <P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.
          To consider and act upon a resolution to elect Messrs. Avi Eizenman, Yehuda
          Zisapel and Yeshayahu (&#145;Shaike&#146;) Orbach to hold office as directors
          until the next annual general meeting of shareholders and until their successors
          have been duly elected and qualified. </font></p>

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     <P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.
          To consider and act upon a resolution to approve the renewal of the insurance
          policy for the coverage of the directors and officers of the Company. </font></p>

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     <P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.
          To consider and act upon a resolution to approve an increase in the salary of,
          and the grant of a bonus to, Yeshayahu (&#145;Shaike&#146;) Orbach, the
          Company&#146;s Chief Executive Officer. </font></p>

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     <P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.
          To consider and act upon a resolution to approve the grant of a bonus to Avi
          Eizenman, the Chairman of the Company&#146;s Board of Directors. </font></p>

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     <P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.
          To consider and act upon a resolution to approve the appointment of Somekh
          Chaikin, Certified Public Accountants (Isr.), a member of KPMG International, as
          the independent public accountants of the Company for the period commencing
          January 1, 2006 and until the next annual shareholders meeting, and to authorize
          the audit committee of the Board of Directors to fix the remuneration of such
          auditors in accordance with the volume and nature of their services. </font></p>

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     <P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.
          To receive management&#146;s report on the business of the Company for the year
          ended December 31, 2005. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval
of resolutions numbered one, three, four and five requires the affirmative vote of
shareholders present in person or by proxy and holding Ordinary Shares of the Company
nominal value New Israeli Shekels 0.01 each (&#147;<B>Ordinary Shares</b>&#148;) amounting
in the aggregate to at least a majority of the votes actually cast by shareholders with
respect to such resolutions. </font></p>

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<font size=2>- 1 -</font></p>
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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval
of resolution number two requires the affirmative vote of shareholders present in person
or by proxy and holding Ordinary Shares amounting in the aggregate to at least a majority
of the votes actually cast with respect to each of such resolutions, provided that if the
total number of Ordinary Shares voted against any such resolution by shareholders of the
Company that do not have a Personal Interest (as such term is defined in the Israeli
Companies Law &#150; 1999) in the resolution exceeds one per cent (1%) of the aggregate
voting rights in the Company, such majority must include the affirmative vote of at least
one-third of the votes actually cast with respect to such resolution by shareholders of
the Company present in person or by proxy at the Meeting that do not have a Personal
Interest. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company will be filing a Form 6-K with the SEC and the Israel Securities Authority, on or
around November 16, 2006, which will be accompanied by a Proxy Statement detailing the
matters to be presented for approval at the Meeting. You may request a copy of any of the
above referenced documents, as well as a copy of the Company&#146;s audited financial
statements for the year ended December 31, 2005, free of charge, by contacting the offices
of the Company at 8 Hanagar Street, Kfar Sava 44000, Israel (telephone number:
972-9-764-4555, facsimile number: 972-9-765-1977). Once it has been filed, the Form 6-K
and the Proxy Statement may also be obtained through from the following sources: </font></p>

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     <P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
          SEC&#146;s EDGAR system at http://www.sec.gov/edgar/searchedgar/webusers.htm by
          searching for such recent filings of the Company; </font></p>

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     <P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
          The Israel Securities Authority website at http://www.magna.isa.gov.il; and </font></p>

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     <P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)
          The Tel Aviv Stock Exchange website at http://www.maya.tase.co.il. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
within half an hour from the time the meeting is convened a quorum is not present, the
meeting shall stand adjourned until December 28, 2006 at 10:00 a.m. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders
of record at the close of business on November 13, 2006 will be entitled to vote at the
Meeting or any postponements or adjournments thereof. Shareholders who do not expect to
attend the meeting in person are requested to mark, date, sign and mail the proxy attached
to the Proxy Statement as promptly as possible. In the event that proxies are sent
directly to the Company, they must be received at least 24 hours prior to the commencement
of the Meeting in order for the proxy to be qualified to participate in the Meeting.
Shareholders who hold shares of the Company through members of the Tel Aviv Stock Exchange
and who wish to participate in the Meeting, in person or by proxy, are required to deliver
proof of ownership to the Company, in accordance with the Israeli Companies Regulations
(Proof of Ownership of a Share For Purposes of Voting at General Meetings) &#150; 2000.
Such shareholders wishing to vote by proxy are requested to attach their proof of
ownership to the aforementioned proxy. </font></p>










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<td Width=40%><Font Face="Times New Roman, Times, Serif" Size=2><Br><Br><Br><Br><Br><Br><Br><Br>Date: November 9, 2006</font></td>
<td Width=10%><Font Face="Times New Roman, Times, Serif" Size=2></font></td>
<td Width=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By Order of the Board of Directors<Br><Br>
<B>SILICOM LTD.</B><Br><Br>
<br>/s/ Shaike Orbach<br>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<br>
Yeshayahu (`Shaike') Orbach<br>President and Chief Executive Office </FONT></td>
</tr>
</table>
<br>



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