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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001178913-07-000387.txt : 20070227
<SEC-HEADER>0001178913-07-000387.hdr.sgml : 20070227
<ACCEPTANCE-DATETIME>20070227113347
ACCESSION NUMBER:		0001178913-07-000387
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070227
FILED AS OF DATE:		20070227
DATE AS OF CHANGE:		20070227

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:		07651869

	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>zk73455.htm
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     <!-- Control Number: 73455                                                            -->
     <!-- 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>UNITED STATES <Br>SECURITIES
AND EXCHANGE COMMISSION </FONT><Br>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>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>

<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>REPORT OF FOREIGN PRIVATE ISSUER
<Br>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
<Br>THE SECURITIES EXCHANGE ACT OF 1934</B> </FONT>
</P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B><I>For the month of
February, 2007</I></B> </FONT> </P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Commission File
number: 000-23288 </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="5"><B>SILICOM LTD.</B> </FONT> <Br>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Translation of
Registrant&#146;s name into English) </FONT> </P>

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<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>8 Hanagar Street, Kfar
Sava, Israel 44000</B> <Br>
(Address of Principal
Executive Offices) </FONT></P>

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

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<P 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></P>

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<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark if the registrant is submitting the Form 6-K in paper as <Br>permitted
by Regulation S-T Rule 101(b)(1): ___</FONT></P>

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<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark if the registrant is submitting the Form 6-K in paper as <Br>permitted
by Regulation S-T Rule 101(b)(7): ___</FONT></P>

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

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<P 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></P>

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<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If
&#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in
connection <Br>with Rule 12g3-2(b): 82:_______. </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
January 29, 2007, the audit committee and board of directors of Silicom Ltd. (the
&#147;Registrant&#148;) each unanimously approved the renewal of the insurance policy for
the coverage of the directors and officers of the Registrant (or the D&amp;O Insurance).
With respect to renewal of the D&amp;O Insurance for Yehuda Zisapel, who is deemed a
controlling shareholder of the Registrant, the audit committee and board of directors of
the Registrant each determined that the terms of such renewal are identical to the terms
of insurance of all of the Registrant&#146;s office holders, and that such renewal is on
market terms and is not likely to have a material affect on any of the Registrant&#146;s
profits, properties or commitments. The Registrant is announcing that, in accordance with
an exemption set forth in regulations promulgated under the Israeli Companies Law &#150;
1999 (or the Companies Law) and unless a request is made by a shareholder as described
below, no special majority of the shareholders will be required to approve such renewal.
Any one or more of the Registrant&#146;s shareholders, holding at least one percent of the
Registrant&#146;s outstanding share capital or its voting rights, may request that the
renewal of the D&amp;O Insurance with respect to Yehuda Zisapel be brought for approval of
the special majority set forth in the Companies Law, by providing written notice to the
Registrant at its offices at 8 Hanagar Street, Kfar Sava 44000, Israel, within fourteen
days hereof. To the extent such request is received timely by the Registrant, the
Registrant shall seek approval of such renewal in accordance with the general requirements
of the Companies Law. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Form 6-K is being incorporated by reference in all effective registration statements
filed by the Registrant under the Securities Act of 1933.  </FONT></P>

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

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>SILICOM LTD.</U><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>Chief Financial Officer </FONT></TD>
</TR>
</TABLE>
<BR>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date: February 27, 2007 </FONT></P>


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