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<SEC-DOCUMENT>0001178913-07-000296.txt : 20070214
<SEC-HEADER>0001178913-07-000296.hdr.sgml : 20070214
<ACCEPTANCE-DATETIME>20070214090602
ACCESSION NUMBER:		0001178913-07-000296
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070214
DATE AS OF CHANGE:		20070214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOVA MEASURING INSTRUMENTS LTD
		CENTRAL INDEX KEY:			0001109345
		STANDARD INDUSTRIAL CLASSIFICATION:	OPTICAL INSTRUMENTS & LENSES [3827]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-60629
		FILM NUMBER:		07613917

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 266
		STREET 2:		011-972-8-938-7505
		CITY:			REHOVOT ISRAEL
		STATE:			L3
		ZIP:			76100

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FINAROV MOSHE
		CENTRAL INDEX KEY:			0001231099

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	MAIL ADDRESS:	
		STREET 1:		C/O NOVA MEASURING INSTRUMENTS LTD
		STREET 2:		PO BOX 266
		CITY:			REHOVOTH ISRAEL
		STATE:			L3
		ZIP:			9999999999
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>zk73403.htm
<TEXT>
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
     <!-- Project:        \\Backup\office\EDGAR Filing\Other Filers\Moshe Finarov\Nova Measuring Istruments Ltd\73403\a73403.eep -->
     <!-- Control Number: 73403                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Nova Measuring Istruments Ltd                                    -->
     <!-- Project Name:   SC 13 G/A                                                        -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>SC 13 G/A</TITLE>
</HEAD>
<BODY>


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<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>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SCHEDULE 13G/A </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Amendment No. 1)* </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Under the Securities
Exchange Act of 1934 </FONT></H1>


<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="100%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="5"><B>Nova Measuring Instruments Ltd.</B> </FONT> </TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><HR SIZE="1" NOSHADE WIDTH="100%" ALIGN="CENTER"></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> (Name of Issuer)</FONT></TD></TR>
</TABLE>
<BR>





<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="100%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Ordinary Shares, Par Value NIS 0.01</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><HR SIZE="1" NOSHADE WIDTH="100%" ALIGN="CENTER"></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Title of Class of Securities)</FONT></TD></TR>
</TABLE>
<BR>



<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="100%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">M7516K 10 3</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><HR SIZE="1" NOSHADE WIDTH="100%" ALIGN="CENTER"></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(CUSIP NUMBER)</FONT></TD></TR>
</TABLE>
<BR>





<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="100%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">December 31, 2006 </FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><HR SIZE="1" NOSHADE WIDTH="100%" ALIGN="CENTER"></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Date of Event Which Requires Filing of this Statement)</FONT></TD></TR>
</TABLE>
<BR>








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<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=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> <FONT size="3" face="Wingdings">o
</font> </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rule
13d-1(b) </FONT></TD>
</TR>
</TABLE>


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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> <FONT size="3" face="Wingdings">o
</font> </FONT></TD>
<TD WIDTH=90%><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=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> <FONT size="3" face="Wingdings">x
</font> </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rule
13d-1(d) </FONT></TD>
</TR>
</TABLE>
<BR>

<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>


<TABLE WIDTH="100%" BORDER="1" CELLPADDING="3" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="34%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CUSIP No. M7516K 10 3</FONT></TD>
     <TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SCHEDULE 13G/A</FONT></TD>
     <TD WIDTH="33%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>
<BR>


<TABLE CELLPADDING="5" CELLSPACING="0" WIDTH="100%" BORDER="1">
<TR VALIGN="BOTTOM">
     <TH WIDTH="7%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT></TH>
     <TH WIDTH="7%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH WIDTH="7%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH WIDTH="79%"><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">

NAME OF REPORTING PERSONS:   &nbsp;&nbsp;&nbsp;DR. MOSHE FINAROV<BR>
I.R.S. IDENTIFICATION NOS.   &nbsp;&nbsp;&nbsp;NOT APPLICABLE
</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<BR>
(a) <FONT size="3" face="Wingdings">o
</font><BR>
(b) <FONT size="3" face="Wingdings">x
</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>
Israel
</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>
891,066<SUP>(1)</SUP>
</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>
891,066 <SUP>(1)</SUP>
</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 EACH REPORTING PERSON<BR>
<BR>
891,066<SUP>(1)</SUP>
</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>
5.1%<SUP>(2)</SUP>
</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 OF REPORTING PERSON<BR>
<BR>
IN
</FONT></TD></TR>
</TABLE><BR>


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

<TABLE WIDTH="100%" BORDER="1" CELLPADDING="3" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="34%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CUSIP No. M7516K 10 3</FONT></TD>
     <TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SCHEDULE 13G/A</FONT></TD>
     <TD WIDTH="33%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>
<BR>


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

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<TD WIDTH=15%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Nova
Measuring Instruments Ltd.  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 1(b). </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Address of Issuer's Principal Executive Offices: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=15%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Weizmann
Scientific Park  </FONT></TD>
</TR>
</TABLE>


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<TD WIDTH=15%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
P.O.
Box 266  </FONT></TD>
</TR>
</TABLE>


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<TD WIDTH=15%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Rehovot
76100  </FONT></TD>
</TR>
</TABLE>


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<TD WIDTH=15%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Israel </FONT></TD>
</TR>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 2(a). </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Name of Person Filing: </FONT></TD>
</TR>
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<BR>

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<TD WIDTH=15%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Dr.
Moshe Finarov  </FONT></TD>
</TR>
</TABLE>
<BR>

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

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<TD WIDTH=15%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
c/o
Nova Measuring Instruments Ltd.      <BR>        Weizmann Scientific Park   <BR>P.O. Box 266
   <BR>   Rehovot 76100           <BR>    Israel  </FONT></TD>
</TR>
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<BR>

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

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<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Israel.  </FONT></TD>
</TR>
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<BR>

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

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<TD WIDTH=15%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Ordinary
Shares, par value NIS 0.01 per share  </FONT></TD>
</TR>
</TABLE>
<BR>

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

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<TD WIDTH=15%>&nbsp;</TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
M7516K
10 3  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 3. </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
   If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check
whether            the person filing is a: <U>Not Applicable</U> </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)</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=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Broker or dealer registered under Section 15 of the Exchange Act;  </FONT></TD>
</TR>
</TABLE>
<BR>



<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(b)</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="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Bank as defined in Section 3(a)(6) of the Exchange Act;</FONT></TD></TR>
</TABLE>
<BR>



<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(c)</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="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Insurance Company as defined in Section 3(a)(19) of the Exchange Act;</FONT></TD></TR>
</TABLE>
<BR>


<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(d)</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="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Investment Company registered under Section 8 of the Investment Company Exchange Act;</FONT></TD></TR>
</TABLE>
<BR>


<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(e)</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="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E);</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>



<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(f)</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="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Employee Benefit Plan or Endowment Fund in accordance with Rule
                     13d-1(b)(1)(ii)(F);</FONT></TD></TR>
</TABLE>
<BR>




<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(g)</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="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Parent Holding Company or Control Person in accordance with Rule
                     13d-1(b)(1)(ii)(G);</FONT></TD></TR>
</TABLE>
<BR>



<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(h)</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="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Saving Association as defined in Section 3(b) of The Federal Deposit Insurance
                     Act;</FONT></TD></TR>
</TABLE>
<BR>



<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(i)</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="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Church Plan that is excluded from the definition of an Investment Company under
                     Section 3(c)(14) of the Investment Company Act;</FONT></TD></TR>
</TABLE>
<BR>


<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(j)</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="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Group, in accordance with Rule 13d-1(b)(1)(ii)(J).</FONT></TD></TR>
</TABLE>
<BR>



<!-- MARKER FORMAT-SHEET="Exhibit Index Hang" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 4. </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
   Ownership. </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>           </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>           (a) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Amount
beneficially owned: 891,066<SUP>(1)</SUP></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>           (b) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Percent
of Class: 5.1%<SUP>(2)</SUP></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>           (c) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Number
of shares as to which such person has:</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=15%><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=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sole
power to vote or direct the vote: 891,066<SUP>(1)</SUP> </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=15%><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=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shared
power to vote or to direct the vote: 0 </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=15%><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=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sole power
to dispose or direct the disposition of: 891,066<SUP>(1)</SUP> </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=15%><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=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shared
power to dispose or to direct the disposition of: 0 </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>Item 5. </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
   Ownership of Five Percent or Less of a 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>
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>Item 6. </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
   Ownership of More than Five Percent on Behalf of Another Person. </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>Item 7. </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
   Identification and Classification of the Subsidiary Which Acquired the Security Being
           Reported on by the Parent Holding 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%>&nbsp;</TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Not
Applicable. </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Exhibit Index Hang" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8. </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
   Identification and Classification of Members of the Group. </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>

<!-- MARKER FORMAT-SHEET="Exhibit Index Hang" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9. </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
   Notice of Dissolution of Group. </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>

<!-- MARKER FORMAT-SHEET="Exhibit Index Hang" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 10. </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
  Certification. </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>

<p align=center>
<font size=2>4</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>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>

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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<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%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
February 13, 2007<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>(Date)<BR><BR>
/s/ Dr. Moshe Finarov<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>(Signature)<BR><BR>
Dr. Moshe Finarov<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>(Name/Title)<BR><BR>
</FONT></TD>
</TR>
</TABLE>
<BR>



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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<SUP>(1)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Includes options which are immediately exercisable or exercisable within 60 days of December 31,
2006 to purchase additional 244,125 Ordinary Shares. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<SUP>(2)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The issuer has advised the Reporting Person that as of December 31, 2006 there
          were 17,104,523 outstanding Ordinary Shares of the issuer. The Reporting
          Person&#146;s Ownership percentage is based on that amount. </FONT></P>

<p align=center>
<font size=2>5</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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