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<SEC-DOCUMENT>0001178913-09-001206.txt : 20090522
<SEC-HEADER>0001178913-09-001206.hdr.sgml : 20090522
<ACCEPTANCE-DATETIME>20090519060242
ACCESSION NUMBER:		0001178913-09-001206
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20090519
FILED AS OF DATE:		20090519
DATE AS OF CHANGE:		20090519

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:		09838169

	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>zk96748.htm
<TEXT>
<HTML>
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     <!-- Project:        \\Backup\edgar filing\Silicom Ltd\96748\a96748.eep               -->
     <!-- Control Number: 96748                                                            -->
     <!-- 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>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<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>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>PURSUANT TO RULE
13a-16 OR 15d-16 OF </font></h1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<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 May
2009</I></B> </FONT> </p>

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<Hr Size=1 Noshade Width=15% Align=center>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<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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<Hr Size=1 Noshade Width=15% Align=center>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>8 Hanagar St., P.O.Box
2164, Kfar-Sava 44425, Israel </font></h1>

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<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 if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1): ______ </font></p>

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<P><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 permitted by Regulation S-T Rule
101(b)(7): ______ </font></p>

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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>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<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><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 with Rule 12g3-2(b): 82-______ </font></p>

<p align=center>
<font size=2></font></p>
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<P><Font Face="Times New Roman, Times, Serif" Size=2>Silicom Ltd. (the
&#147;Registrant&#148;) will hold an Annual General Meeting of Shareholders on June 24,
2009 at 12:00 noon (Israel time) at the Registrant&#146;s offices at 8 Hanagar Street,
Kfar Sava 44000, Israel. In connection with the meeting, on or about May 25, 2009, the
Registrant will mail to shareholders the Notice of Annual General Meeting, Proxy Statement
and Proxy Card. </font></p>

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<P Align=LEFT><Font Face="Times New Roman, Times, Serif" Size=2>Exhibit Index: </font></p>

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<td Width=5%>&nbsp;</td>
<td Width=95%><Font Face="Times New Roman, Times, Serif" Size=2>
Exhibit
1: Notice of Annual General Meeting.</font></td>
</tr>
</table>
<br>

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<td Width=5%>&nbsp;</td>
<td Width=95%><Font Face="Times New Roman, Times, Serif" Size=2>
Exhibit
2: Proxy Statement.</font></td>
</tr>
</table>
<br>

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<td Width=5%>&nbsp;</td>
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Exhibit
3: Proxy Card.</font></td>
</tr>
</table>
<br>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>This report on Form 6-K is
incorporated by reference into the Registrant&#146;s Registration Statement on Form F-3,
Registration Statement No. 333-143565. This report on Form 6-K is also incorporated by
reference into all other 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>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=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>














<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P Align=LEFT><Font Face="Times New Roman, Times, Serif" Size=2>Dated: May 19, 2009 </font></p>

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<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit_1.htm
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     <!-- Control Number: 96748                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Silicom Ltd                                                      -->
     <!-- Project Name:   6-K                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
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<P align=right><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibit 1</B></U> </FONT> </P>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>SILICOM LTD.
<Br>NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
<Br>June 24, 2009</B> </FONT></P>


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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 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 June 24, 2009, at 12:00
noon, 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
(Concessions 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>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Workstation" -->
<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
consider and act upon a proposal 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;2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
consider and act upon a proposal 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, 2009 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;3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
receive management&#146;s report on the business of the Company for the year
          ended December 31, 2008, and to transact such other business as may properly
          come before the Meeting.  </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 the above proposals 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 proposals. </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 May 24, 2009 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 enclosed proxy as
promptly as possible. 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>Date: May 19, 2009 </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>/s/ Shaike Orbach
<Br>
<Br>Yeshayahu (&#145;Shaike&#146;) Orbach
<Br>President and Chief Executive Officer </FONT></td>
</tr>
</table>
<br>

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<SEQUENCE>3
<FILENAME>exhibit_2.htm
<TEXT>

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     <!-- Control Number: 96748                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Silicom Ltd                                                      -->
     <!-- Project Name:   6-K                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
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<P align=right><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibit 2</B></U> </FONT> </P>



<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>PROXY STATEMENT</B> </FONT></P>

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SILICOM
LTD.</B> </FONT> </td>
</tr>
</table>
<br>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>8 Hanagar St.
<Br>
<Br>Kfar Sava
<Br>
<Br>Israel</B> </FONT></P>

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<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ANNUAL GENERAL MEETING OF SHAREHOLDERS
<Br><Br>June 24, 2009</B> </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
enclosed proxy is being solicited by the board of directors (the &#147;<B>Board of
Directors</b>&#148;) of Silicom Ltd. (the &#147;<B>Company</b>&#148;) for use at the
Company&#146;s Annual General Meeting of Shareholders (the &#147;<B>Meeting</b>&#148;) to
be held on June 24, 2009, or at any adjournment or postponement thereof. Upon the receipt
of a properly executed proxy in the form enclosed, the persons named as proxies therein
will vote the ordinary shares, par value New Israeli Shekels (&#147;NIS&#148;) 0.01 each,
of the Company (the &#147;<B>Ordinary Shares</b>&#148;) covered thereby in accordance with
the directions of the shareholders executing the proxy. In the absence of such directions,
the Ordinary Shares represented thereby will be voted in favor of each of the proposals
described in this proxy statement. </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
proxy solicited hereby may be revoked at any time prior to its exercise, by means of a
written notice delivered to the Company, by substitution of a new proxy bearing a later
date or by a request for the return of the proxy at the Meeting. The Company expects to
solicit proxies by mail and to mail this proxy statement and the accompanying proxy card
to shareholders on or about May 25, 2009. Directors, officers and employees of the Company
may also solicit proxies by telephone, facsimile and personal interview. </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 bear the cost of the preparation and mailing of its proxy materials and the
solicitation of proxies. Copies of solicitation materials will be furnished to brokerage
firms, nominees, fiduciaries and other custodians for forwarding to their principals, and
the reasonable fees and expenses of such forwarding agents will be borne by the Company.
Only holders of record of Ordinary Shares at the close of business on May 24, 2009 are
entitled to vote at the Meeting. On April 30, 2009, 6,694,063 Ordinary Shares were
outstanding and entitled to vote. Each Ordinary Share is entitled to one vote on each
matter to be voted at the Meeting. Two or more shareholders present, personally or by
proxy, holding at thirty three and a third percent (33 1/3%) of the Company&#146;s
outstanding ordinary shares, shall constitute a quorum for the Meeting. If within half an
hour from the time the meeting is convened a quorum is not present, the meeting shall
stand adjourned until July 1, 2009 at 12:00 noon. If a quorum is not present at the second
meeting within half an hour from the time appointed for the meeting, two or more
shareholders present personally or by proxy shall be deemed a quorum, and shall be
entitled to deliberate and to resolve in respect of the matters for which the meeting was
convened. Abstentions and broker non-votes are counted as Ordinary Shares present for the
purpose of determining a quorum. </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 the proposals stated in this proxy statement and to be proposed at the Meeting 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 by
shareholders with respect to such proposals (hereinafter an &#147;<B>Ordinary
Majority</b>&#148;). </font></p>

<p align=center>
<font size=2>- 1 -</font></p>
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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>PRINCIPAL SHAREHOLDERS </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth, as of April 30, 2009, the number of Ordinary Shares, including
options and warrants to purchase Ordinary Shares exercisable within 60 days, owned by (i)
all shareholders known to the Company to own more than five per cent (5%) of the
Company&#146;s Ordinary Shares and (ii) all directors and officers as a group (based on
6,694,063 Ordinary Shares outstanding on that date): </font></p>




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<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3 align=left><FONT FACE="Times New Roman" SIZE=1>Name and Address</FONT><HR WIDTH=50% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>Number of<BR>
Shares Owned</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>Percent of Class</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<Tr Valign="Bottom" Bgcolor="#cceeff">
     <Td Width="5%"> </td>
     <Td Width="64%" Align="Left"><FONT FACE="Times New Roman" SIZE="2">Yehuda Zisapel<SUP>(1)</SUP> </FONT></TD>
     <Td Width="1%" Align="Left"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Width="4%" Align="Left"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Width="1%" Align="Right"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Width="10%" Align="Right"><FONT FACE="Times New Roman" SIZE=2>455,940</FONT></TD>
        <Td Width="2%" Align="Left"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Width="1%" Align="Right"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Width="10%" Align="Right"><FONT FACE="Times New Roman" SIZE=2>6.81</FONT></TD>
        <Td Width="2%" Align="Left"><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
<TR VALIGN=Bottom>
     <Td> </td>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <Td> </td>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Zohar Zisapel<SUP>(2)</SUP> </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>1,511,722</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>22.53</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
<TR VALIGN=Bottom>
     <Td> </td>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<Tr Valign="Bottom" Bgcolor="#cceeff">
     <Td> </td>
     <Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>All directors and officers as a group</FONT></TD><Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>709,255</FONT></TD>
        <Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>10.35</FONT></TD>
        <Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
</TABLE>
<Br>



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(1)
          As reported on the Schedule 13 G/A filed by Yehuda Zisapel with the Securities
          and Exchange Commission on February 7, 2008.  </font></td>
</tr>
</table>
<br>

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<td Width=100%><Font Face="Times New Roman, Times, Serif" Size=2>
(2)
          As reported on the Schedule 13 D/A filed by Zohar Zisapel with the Securities
          and Exchange Commission on March 5, 2009.  </font></td>
</tr>
</table>
<br>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>PROPOSAL 1 </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>ELECTION OF DIRECTORS </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
management of the Company has selected the persons named below for election as directors
to serve for a period of one year and until their respective successors are duly elected
and shall qualify. In the absence of instructions to the contrary, the persons named in
the enclosed proxy will vote the Ordinary Shares represented thereby &#147;FOR&#148; the
election of the nominees listed below. If any of these nominees is unable to serve, the
persons named in the proxy shall vote the Ordinary Shares for the election of such other
nominees as management may propose. The following nominees who are currently directors of
the Company have advised the Company that they will continue to serve as directors if
re-elected. The following table provides certain relevant information concerning the
nominees, including their principal occupation during the past five years. </font></p>















<Table Width="100%" Cellpadding="0" Cellspacing="0">
<Tr Valign="Bottom">
     <th><Font Face="Times New Roman, Times, Serif" Size="1">Nominee</font><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1">Age</font><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1">Principal Occupation</font><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></th></tr>
<Tr Valign="Bottom">
     <th><Font Face="Times New Roman, Times, Serif" Size="1">&nbsp;</font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th></tr>
<Tr Valign="Top">
     <Td Width="15%"><Font Face="Times New Roman, Times, Serif" Size="2">Yehuda Zisapel
</font></td>
     <Td Width="10%" Align="Center"><Font Face="Times New Roman, Times, Serif" Size="2">66</font></td>
     <Td Width="75%"><Font Face="Times New Roman, Times, Serif" Size="2">Mr.  Zisapel is a co-founder  of the Company.  He has served as a Director  since
                its  inception  and served as Chairman of the Board of Directors  from 1999 until
                March  2001.  Mr.  Zisapel  is  also  a  founder  and  a  director  of  Rad  Data
                Communications  Ltd. ("Rad"),  Bynet Data  Communications  Ltd. ("Bynet") and its
                subsidiaries  and other  companies  in the Rad Group.  The  Company  has  certain
                dealings  with  members of the Rad Group (see  "Item 7.  Major  Shareholders  and
                Related Party  Transactions"  of the Company's Annual Report on Form 20-F for the
                year ended December 31, 2006).  In 1966 and 1968,  Mr.  Zisapel  received a B.Sc.
                and an M.Sc. degree,  respectively,  in Electrical Engineering from the Technion.
                In 1975, Mr. Zisapel received an M.B.A. from Tel Aviv University.
</font></td></tr>
</table>
<Br>














<Table Width="100%" Cellpadding="0" Cellspacing="0">
<Tr Valign="Bottom">
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th></tr>
<Tr Valign="Bottom">
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th></tr>
<Tr Valign="Top">
     <Td Width="15%"><Font Face="Times New Roman, Times, Serif" Size="2">Avi Eizenman
</font></td>
     <Td Width="10%" Align="Center"><Font Face="Times New Roman, Times, Serif" Size="2">52</font></td>
     <Td Width="75%"><Font Face="Times New Roman, Times, Serif" Size="2">Mr.  Eizenman  co-founded the Company in 1987 and has served as its President and
               as a Director,  since its inception.  Mr. Eizenman also served as Chief Executive
               Officer from the Company's  inception  until April 1, 2001,  and on such date, he
               resigned from his position as Chief  Executive  Officer and was appointed  Active
               Chairman  of the  Board of  Directors.  Mr.  Eizenman  served as head of the ASIC
               department  at Scitex  Ltd.  in 1986.  From 1979 until 1985,  Mr.  Eizenman  held
               various positions,  including project manager, ASIC specialist and engineer, with
               the  Electronic  Research &amp;  Development  Department  of the Israeli  Ministry of
               Defense.   Mr.  Eizenman  holds  a  B.Sc.  degree,  with  honors,  in  Electrical
               Engineering from the Technion, and an M.B.A. from Tel Aviv University.
</font></td></tr>
</table>
<Br>

<Table Width="100%" Cellpadding="0" Cellspacing="0">
<Tr Valign="Bottom">
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th></tr>
<Tr Valign="Bottom">
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th>
     <th><Font Face="Times New Roman, Times, Serif" Size="1"></font></th></tr>
<Tr Valign="Top">
     <Td Width="15%"><Font Face="Times New Roman, Times, Serif" Size="2">Yeshayahu  (&#145;Shaike&#146;)
Orbach
</font></td>
     <Td Width="10%" Align="Center"><Font Face="Times New Roman, Times, Serif" Size="2">58</font></td>
     <Td Width="75%"><Font Face="Times New Roman, Times, Serif" Size="2">Mr.  Orbach  has been has been  President  and  Chief  Executive  Officer  of the
  Company  since April 2001.  In December  2001,  Mr.  Orbach was named a Director,
                       replacing  Zohar  Zisapel,  who resigned  from the Board of  Directors.  Prior to
                       that, for a period of four and a half years,  Mr. Orbach was President and CEO of
                       Opgal Ltd., a high-tech  subsidiary  of Israel's  Rafael and El-Op  corporations.
                       Previously,  he was General Manager of Edusoft,  an Israeli company the shares of
                       which were traded on the NASDAQ  National Market (now, the NASDAQ Global Market),
                       and  Managing  Director  of Tecsys  Ltd.  He holds a B.Sc  degree  in  Mechanical
                       Engineering from the Technion.
</font></td></tr>
</table>
<Br>



<p align=center>
<font size=2>- 2 -</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
shareholders of the Company will be requested to adopt the following resolution at the
Meeting: </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>
RESOLVED, to elect Avi Eizenman and Yehuda Zisapel as directors of the Company for the
coming year until the next annual meeting of the Company&#146;s shareholders and to elect
Yeshayahu (&#145;Shaike&#146;) Orbach, as a director of the Company for the coming year
until the next annual meeting of the Company&#146;s shareholders, subject to his continued
employment as President and Chief Executive Officer of the Company.</b> </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
election of Avi Eizenman, Yehuda Zisapel and Yeshayahu (&#145;Shaike&#146;) Orbach as
directors requires the affirmative vote of an Ordinary Majority (as defined in this proxy
statement). </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><I>The
Board of Directors expresses no recommendation as to the vote on the above proposal.</I></B> </font></p>


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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>PROPOSAL 2 </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>APPOINTING INDEPENDENT
PUBLIC ACCOUNTANTS </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Audit Committee and the Board of Directors have authorized the appointment of the
accounting firm of Somekh Chaikin, Certified Public Accountants (Isr.), a member of KPMG
International, as the independent certified public accountants of the Company for the
period commencing January 1, 2009 and until the next annual shareholders meeting. The
Audit Committee and Board of Directors believe that the selection of Somekh Chaikin as
independent accountants is appropriate and in the best interests of the Company and its
shareholders. Subject to the authorization of the shareholders of the Company, the Audit
Committee of the Board of Directors shall fix the remuneration of Somekh Chaikin 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;A
representative of Somekh Chaikin will be invited to be present at the Meeting and the fees
paid to Somekh Chaikin for its audit services and non-audit services shall be reported to
the shareholders of the Company at the Meeting. </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
shareholders of the Company are requested to adopt the following resolution: </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>RESOLVED,
to ratify the appointment of Somekh Chaikin as the independent public accountants of the
Company for the period commencing January 1, 2009 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.</b> </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
appointment of Somekh Chaikin requires the affirmative vote of an Ordinary Majority (as
defined in this proxy statement). </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><I>The
Audit Committee and Board of Directors recommend that the shareholders vote
&#147;FOR&#148; the appointment of Somekh Chaikin as the independent public accountants of
the Company</i></b><I>.</i> </font></p>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>REVIEW OF THE
COMPANY&#146;S BALANCE SHEET AS OF DECEMBER 31, 2008<BR>AND THE CONSOLIDATED STATEMENT OF
INCOME FOR THE YEAR THEN ENDED </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the Meeting, shareholders will have an opportunity to review, ask questions and comment on
the Company&#146;s Consolidated Balance Sheet as of December 31, 2008 and the Consolidated
Statement of Income for the year then ended. The Company has published its audited
financial statements for the fiscal year ended December 31, 2008 on March 22, 2009. You
may request that a copy of the audited financial statement be mailed to you. </font></p>

<p align=center>
<font size=2>- 3 -</font></p>
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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
is not aware of any other matters to be presented at the Meeting. If, however, any other
matters should properly come before the Meeting or any adjournment or postponement
thereof, the proxy confers discretionary authority with respect to acting thereon, and the
persons named in the enclosed proxy will vote on such matters in accordance with their
best judgment. </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>Your
vote is important!</b> Shareholders are urged to complete and return their proxies
promptly in order to, among other things, ensure action by a quorum and to avoid the
expense of additional solicitation. If the accompanying proxy is properly executed and
returned in time for voting, and a choice is specified, the shares represented thereby
will be voted as indicated thereon. If no specification is made, the proxy will be voted
in favor of each of the proposals described in this Proxy Statement. 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 enclosed proxy. <B>Proxies and all other applicable materials should be sent to 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)</b>. </font></p>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>ADDITIONAL INFORMATION </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are subject to the informational requirements of the Securities Exchange Act of 1934, as
amended (the &#147;<B>Exchange Act</b>&#148;), as applicable to foreign private issuers.
Accordingly, we file reports and other information with the SEC. Shareholders may read and
copy any document we file at the SEC&#146;s public reference rooms at 450 Fifth Street,
N.W., Washington, D.C. 20549. Shareholders can call the SEC at 1-800-SEC-0330 for further
information on using the public reference room. In addition, similar information
concerning us can be inspected and copied at the offices of the National Association of
Securities Dealers, Inc., 9513 Key West Avenue, Rockville, Maryland 20850 USA. All
documents which we will file on the SEC&#146;s EDGAR system will be available for
retrieval on the SEC&#146;s website at http://www.sec.gov. As a Dual Company (as defined
in the Israeli Companies Regulations (Concessions for Public Companies Traded on Stock
Markets Outside of Israel) &#150; 2000) we also file reports with the Israel Securities
Authority. Such reports can be viewed on the Israel Securities Authority website at
http://www.magna.isa.gov.il and the Tel Aviv Stock Exchange website at
http://www.maya.tase.co.il. This
proxy statement is also available on the SEC&#146;s website at http://www.sec.gov, the
Israel Securities Authority website at http://www.magna.isa.gov.il  and 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;As
a foreign private issuer, we are exempt from the rules under the Exchange Act prescribing
certain disclosure and procedural requirements for proxy solicitations. Also, our
officers, directors and principal shareholders are exempt from the reporting and
&#147;short-swing&#148; profit recovery provisions contained in Section 16 of the Exchange
Act and the rules thereunder, with respect to their purchases and sales of securities. In
addition, we are not required under the Exchange Act to file periodic reports and
financial statements with the SEC as frequently or as promptly as United States companies
whose securities are registered under the Exchange Act. </font></p>




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<FONT FACE="Times New Roman, Times, Serif" SIZE="2">By Order of the Board of Directors

<Br>
<Br><B>SILICOM LTD.

</B><Br>
<Br>/s/ Shaike Orbach

<Br>
<Br>Yeshayahu (&#145;Shaike&#146;) Orbach
<Br>PRESIDENT AND CHIEF EXECUTIVE OFFICER </FONT></td>
</tr>
</table>
<br>


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<P Align=LEFT><Font Face="Times New Roman, Times, Serif" Size=2>Kfar Sava, Israel <Br>
Date: May 19, 2009 </font></p>

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     <!-- Control Number: 96748                                                            -->
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     <!-- Client Name:    Silicom Ltd                                                      -->
     <!-- Project Name:   6-K                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
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<P align=right><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibit 3</B></U> </FONT> </P>

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<td Width=100%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
THIS
PROXY WHEN PROPERLY EXECUTED WILL BE VOTED AS DIRECTED HEREIN.</B> </FONT> </td>
</tr>
</table>


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<td Width=100% align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
IF
NO DIRECTION IS INDICATED, THIS PROXY WILL BE VOTED "FOR" THE PROPOSALS HEREIN.</B> </FONT> </td>
</tr>
</table>
<br>


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<td Width=10%>&nbsp;</td>
<td Width=90%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Please
mark your vote as in this example</B> </FONT><FONT FACE="Wingdings" SIZE="3">x</FONT>
</td>
</tr>
</table>
<br>

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<TABLE CELLPADDING=3 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TD WIDTH=70% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;</B> </FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER ><FONT FACE="Times New Roman" SIZE="2"><B>FOR</B> </FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>AGAINST</B> </FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>ABSTAIN</B> </FONT></TD></TR>
</TABLE>
<Br>


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<TR VALIGN=Bottom>
     <Td WIDTH=5%> </td>

     <TD WIDTH=65% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><B>PROPOSAL NO. 1:</B> ELECTION OF DIRECTORS </FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER Style="border:SOLID BLACK 0.5PT; "><FONT FACE="Times New Roman" SIZE=2> <FONT size="3" face="Wingdings">o
</font></FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER Style="border:SOLID BLACK 0.5PT; border-left:NONE;"><FONT FACE="Times New Roman" SIZE=2> <FONT size="3" face="Wingdings">o
</font></FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER Style="border:SOLID BLACK 0.5PT; border-left:NONE;"><FONT FACE="Times New Roman" SIZE=2> <FONT size="3" face="Wingdings">o
</font></FONT></TD>
</TR>
</TABLE>
<Br>


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<TR VALIGN=Bottom>
     <Td WIDTH=5%> </td>
     <TD WIDTH=65% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><B>PROPOSAL NO. 2:</B> APPOINTING INDEPENDENT PUBLIC ACCOUNTANTS </FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER Style="border:SOLID BLACK 0.5PT; "><FONT FACE="Times New Roman" SIZE=2> <FONT size="3" face="Wingdings">o
</font></FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER Style="border:SOLID BLACK 0.5PT; border-left:NONE;"><FONT FACE="Times New Roman" SIZE=2> <FONT size="3" face="Wingdings">o
</font></FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER Style="border:SOLID BLACK 0.5PT; border-left:NONE;"><FONT FACE="Times New Roman" SIZE=2> <FONT size="3" face="Wingdings">o
</font></FONT></TD>
</TR>
</TABLE>
<Br>


<table Width="100%" Border="0" Cellpadding="0" Cellspacing="0">
<Tr Valign="Bottom">
     <th></th>
     <th></th></tr>
<Tr Valign="Top">
     <td Width="70%"><Font Face="Times New Roman, Times, Serif" Size="2"></font></td>
     <td Width="30%" Style="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-top:NONE;"><Font Face="Times New Roman, Times, Serif" Size="2">&nbsp;</font></td></tr>
</table>
<Br>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>The undersigned hereby  acknowledges
 receipt of the Notice of the Annual General Meeting,  revokes any proxy or proxies
heretofore given to vote upon or    act with respect to the undersigned's  shares and
hereby ratifies and confirms all that the proxies,  their substitutes,  or any of them,
may lawfully do    by virtue hereof. </font></p>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=40% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT></TD>
     <TD WIDTH=40% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>(NAME OF SHAREHOLDER)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>(SIGNATURE OF SHAREHOLDER)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>(DATE)</FONT></TD></TR>
</TABLE>
<Br>



<p align=center>
<font size=2>- 1 -</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<Page>


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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>SILICOM LTD. </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>Annual General Meeting
of Shareholders to be held on June 24, 2009 </font></h1>

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<P Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>THIS PROXY IS SOLICITED
ON BEHALF OF MANAGEMENT </font></p>

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<td Width=5%><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;</font></td>
<td Width=95%><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned shareholder of Silicom Ltd. (the &#147;<B>Company</b>&#148;) hereby appoints
Mr. Eran Gilad, the true and lawful attorney, agent and proxy of the undersigned, to vote,
as designated below, all of the Ordinary Shares of the Company which the undersigned is
entitled in any capacity to vote at the Annual General Meeting of Shareholders of the
Company, to be held at the corporate offices of the Company at 8 Hanager Street, Kfar Sava
44000, Israel on June 24, 2009, at 12:00 noon, (local time), and all adjournments and
postponements thereof. </font>
</td>
</tr>
</table>
<br>

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<P Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(CONTINUED AND TO BE
SIGNED ON REVERSE SIDE) </font></p>

<p align=center>
<font size=2>- 2 -</font></p>
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