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<SEC-DOCUMENT>0001178913-08-003069.txt : 20081202
<SEC-HEADER>0001178913-08-003069.hdr.sgml : 20081202
<ACCEPTANCE-DATETIME>20081202074438
ACCESSION NUMBER:		0001178913-08-003069
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20081202
DATE AS OF CHANGE:		20081202

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZISAPEL ZOHAR ET AL
		CENTRAL INDEX KEY:			0000938072

	FILING VALUES:
		FORM TYPE:		SC 13G

	MAIL ADDRESS:	
		STREET 1:		54 PINKAS STREET
		CITY:			TEL AVIV ISRAEL
		STATE:			L3
		ZIP:			00000

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ellomay Capital Ltd.
		CENTRAL INDEX KEY:			0000946394
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTING TRADES MACHINERY & EQUIPMENT [3555]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-56015
		FILM NUMBER:		081223813

	BUSINESS ADDRESS:	
		STREET 1:		ACKERSTEIN TOWERS
		STREET 2:		11 HAMENOFIM STREET, P.O.BOX 2148
		CITY:			HERZLIYA
		STATE:			L3
		ZIP:			46120
		BUSINESS PHONE:		011972-9-971-5613

	MAIL ADDRESS:	
		STREET 1:		ACKERSTEIN TOWERS
		STREET 2:		11 HAMENOFIM STREET, P.O.BOX 2148
		CITY:			HERZLIYA
		STATE:			L3
		ZIP:			46120

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUR MACROPRINTERS LTD
		DATE OF NAME CHANGE:	19980331

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUR ADVANCED TECHNOLOGIES LTD
		DATE OF NAME CHANGE:	19950607
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>zk86117.htm
<TEXT>
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
     <!-- Project:        F:\EDGAR Filing\Other Filers\Zohar Zisapel\Ellomay Capital Ltd\86117\a86117.eep -->
     <!-- Control Number: 86117                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Zohar Zisapel                                                    -->
     <!-- Project Name:   SC 13G                                                           -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>SC 13G</TITLE>
</HEAD>
<BODY>






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<HR ALIGN=LEFT WIDTH=100% SIZE=4 NOSHADE STYLE="margin-top: -5px">
<HR ALIGN=LEFT WIDTH=100% SIZE=1 NOSHADE STYLE="margin-top: -10px">

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=4>SECURITIES AND EXCHANGE COMMISSION </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>WASHINGTON, D.C. 20549 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SCHEDULE 13G </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNDER THE SECURITIES
EXCHANGE ACT OF 1934 </FONT><BR>
</H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5>ELLOMAY CAPITAL LTD. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Name of Issuer) </FONT></H1>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B></B> </FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B></B> </FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Ordinary Shares, par value NIS 1.00 per share</B> </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>M39927 10 4
</B> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(Title of Class of Securities)</B> </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(CUSIP Number)</B> </FONT></TD></TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>November 26, 2008
 </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Date of Event Which
Requires Filing of this Statement) </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Check the appropriate box to
designate the rule pursuant to which this Schedule is filed: </FONT></P>


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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><FONT size="3" face="Wingdings">o
</font> </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rule 13d-1(b) </FONT></TD>
</TR>
</TABLE>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> <FONT size="3" face="Wingdings">o
</font> </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rule 13d-1(c) </FONT></TD>
</TR>
</TABLE>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  <FONT size="3" face="Wingdings">x
</font> </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rule 13d-1(d) </FONT></TD>
</TR>
</TABLE>
<BR>

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<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=LEFT>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><SUP>*</SUP> The remainder of this
cover page should be filled out for a reporting person&#146;s initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The information required on the
remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purposes
of Section 18 of the Securities Exchange Act of 1934 (the &#147;Act&#148;) 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). </FONT></P>

<p align=center>
<font size=2></font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>13G</B> </FONT></P>


<TABLE BORDER="1" CELLPADDING="2" CELLSPACING="0" WIDTH="100%">
<TR>
     <TD ALIGN="CENTER" WIDTH="33%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CUSIP No.&nbsp;<B>M22013 10 2</B> </FONT>
</TD>
     <TD ALIGN="CENTER" WIDTH="34%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>&nbsp;</B> </FONT>
</TD>
     <TD ALIGN="CENTER" WIDTH="33%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Page &nbsp;&nbsp; 2 &nbsp;&nbsp; of &nbsp;&nbsp; 5 &nbsp;&nbsp; Pages </FONT>
</TD></TR>
</TABLE>
<BR>


<TABLE CELLPADDING="5" CELLSPACING="0" WIDTH="100%" BORDER="1">
<TR VALIGN="BOTTOM">
     <TH WIDTH="30" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT> </TH>
     <TH WIDTH="60"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH WIDTH="30"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH WIDTH="580"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">1. </FONT> </TD>
     <TD COLSPAN="3">

<FONT FACE="Times New Roman, Times, Serif" SIZE="2">NAMES OF REPORTING PERSONS &nbsp;&nbsp;<B>Zohar Zisapel</B><BR>
<BR>
I.R.S. IDENTIFICATION NO. OF<BR>
ABOVE PERSONS (ENTITIES ONLY) &nbsp;&nbsp; <B>Not Applicable.</B> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">2. </FONT> </TD>
     <TD COLSPAN="3"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP&nbsp;&nbsp;&nbsp; <B>Not Applicable</B><BR>
(a)&nbsp;<FONT size="3" face="Wingdings">o
</font> <BR>
(b)&nbsp;<FONT size="3" face="Wingdings">o</font>
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">3. </FONT> </TD>
     <TD COLSPAN="3" BGCOLOR="#cceeff"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> SEC Use Only<BR>&nbsp;
<BR>

</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4. </FONT> </TD>
     <TD COLSPAN="3">

<FONT FACE="Times New Roman, Times, Serif" SIZE="2">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>
<BR>
<B>Israeli</B> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="2" ROWSPAN="4" VALIGN="Middle" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
NUMBER OF<BR>
SHARES<BR>
BENEFICIALLY<BR>
OWNED BY<BR>
EACH <BR>
REPORTING<BR>
PERSON WITH</FONT>
</TD>
     <TD ALIGN="Center" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5. </FONT></TD>
     <TD>

<FONT FACE="Times New Roman, Times, Serif" SIZE="2">SOLE VOTING POWER<BR>
<BR>
<B>3,974,911</B> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD  ALIGN="CENTER" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">6. </FONT> </TD>
     <TD>

<FONT FACE="Times New Roman, Times, Serif" SIZE="2">SHARED VOTING POWER<BR>
<BR>
</FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">7. </FONT> </TD>
     <TD>

<FONT FACE="Times New Roman, Times, Serif" SIZE="2">SOLE DISPOSITIVE POWER<BR>
<BR>
<B>3,974,911</B> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">8. </FONT> </TD>
     <TD>

<FONT FACE="Times New Roman, Times, Serif" SIZE="2">SHARED DISPOSITIVE POWER<BR>
<BR> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">9. </FONT> </TD>
     <TD COLSPAN="3">

<FONT FACE="Times New Roman, Times, Serif" SIZE="2">AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON<BR>
<BR>
<B>3,974,911</B> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">10. </FONT> </TD>
     <TD COLSPAN="3"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<BR><BR>
<FONT size="3" face="Wingdings">o
</font>
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">11. </FONT> </TD>
     <TD COLSPAN="3">

<FONT FACE="Times New Roman, Times, Serif" SIZE="2">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<BR>
<BR>
<B>5.39%*</B> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">12. </FONT> </TD>
     <TD COLSPAN="3">

<FONT FACE="Times New Roman, Times, Serif" SIZE="2">TYPE OR REPORTING PERSON<BR>
<BR>
<B>IN</B> </FONT>
</TD></TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>* Based on 73,786,428 Ordinary Shares
that the Company advised were issued and outstanding. </FONT></P>

<p align=center>
<font size=2></font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>



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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 1(a).</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B> Name of Issuer:</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
 Ellomay Capital Ltd. (hereinafter referred to as the &#147;Company).  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 1(b).</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Address of Issuer&#146;s Principal Executive Offices:</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Ackerstein Towers<BR> Tower B<BR>11 Hamenofim Street<BR>
                  Herzliya 46120, Israel
 </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 2(a).</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Name of Person Filing:</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Zohar
Zisapel </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 2(b).</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Address of Principal Business Office, or, if none, Residence:</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
24
Raoul Wallenberg Street<BR>Tel Aviv 69719, Israel </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 2(c).</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Citizenship:</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Israeli </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 2(d).</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Title of Class of Securities:</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
This
statement relates to Ordinary Shares, par value NIS 1.00 per share (hereinafter referred
to as &#147;Ordinary Shares&#148;).  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 2(e).</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
CUSIP Number:</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>M39927 10 4</B> </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 3.</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Identification of Persons filing pursuant to Rules 13d-1(b) or 13d-2(b) or (c):</B> </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Not
Applicable. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 4.</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Ownership</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Amount
beneficially owned: </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>As of November 26,
2008, Zohar Zisapel beneficially owned 3,974,911<BR>Ordinary Shares.
 </FONT></TD>
</TR>
</TABLE>
<BR>

<p align=center>
<font size=2>3</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>


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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Percent
of Class: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
5.39% </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Number
of shares as to which such person has: </FONT></TD>
</TR>
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<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i)</FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sole
power to vote or to direct the vote:  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>3,974,911</B> </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii)</FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shared
power to vote or to direct the vote:  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>None </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii)</FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>        Sole
power to dispose or to direct the disposition of:  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%> <FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>3,974,911</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iv)</FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>      Shared
power to dispose or to direct the disposition of:  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>None</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 5.</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Ownership of Five Percent or Less of a Class.</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>
Not
applicable.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 6.</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Ownership of More than Five Percent on Behalf of Another Person.</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>
Not
Applicable. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 7.</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Identification and Classification of the
Subsidiary Which Acquired the  Security Being Reported on By the Parent Holding Company</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>
Not
Applicable. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 8.</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Identification and Classification of Members of the Group.</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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Not
Applicable.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 9.</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Notice of Dissolution of Group.</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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Not
Applicable.  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 10.</B> </FONT> </TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Certification.</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Not
Applicable. </FONT></TD>
</TR>
</TABLE>
<BR>

<p align=center>
<font size=2>4</font></p>
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<P STYLE="page-break-after:always"></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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date: December 2, 2008
</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>By: /s/ Zohar Zisapel<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Zohar Zisapel</FONT></TD>
</TR>
</TABLE>
<BR>






<p align=center>
<font size=2>5</font></p>
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