Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
Gilat Satellite Networks Ltd.
(Name of Issuer)
Ordinary Shares, Par Value NIS 0.20 Per Share
(Title of Class of Securities)
M51474118
(CUSIP Number)
March 10, 2022
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the Act.
|
CUSIP NO.
|
M51474118
|
|
1
|
NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Mivtach Shamir Finance Ltd.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ☒
(b) ☐
|
|
3
|
SEC USE ONLY
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
|
|
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
2,812,126 shares
|
|
|
7
|
SOLE DISPOSITIVE POWER
0 |
|
|
8
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SHARED DISPOSITIVE POWER
2,812,126 shares
|
|
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,812,126 shares
|
|
10
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CHECK IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.98%
|
|
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
|
Page 2 of 6 Pages
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CUSIP NO.
|
M51474118
|
|
1
|
NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Mivtach Shamir Holdings Ltd.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ☒
(b) ☐
|
|
3
|
SEC USE ONLY
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
|
|
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
2,812,126 shares
|
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
|
8
|
SHARED DISPOSITIVE POWER
2,812,126 shares
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,812,126 shares
|
|
10
|
CHECK IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.98%
|
|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
|
Page 3 of 6 Pages
| Item 1(a) |
Name of Issuer
|
Gilat Satellite Networks Ltd. (the “Issuer”).
| Item 1(b) |
Address of Issuer’s Principal Executive Offices
|
21 Yegia Kapayim Street, Kiryat Arye, Petah Tikva 49130 Israel
| Item 2(a)-(b) |
Name of Person Filing; Address of Principal Business Office or, if none, Residence
|
| 1. |
Mivtach Shamir Finance Ltd., 27 Habarzel Street, Tel
Aviv 6971039, Israel
|
| 2. |
Mivtach Shamir Holdings Ltd., 27 Habarzel Street, Tel Aviv 6971039, Israel
|
The foregoing persons are hereinafter collectively r
eferred to as the “Reporting Persons”.
| Item 2(c) |
Citizenship
|
Each of the Reporting Persons is an Israeli company.
| Item 2(d) |
Title of Class of Securities
|
Ordinary Shares, Par Value NIS 0.20 Per Share
| Item 2(e) |
CUSIP Number
|
M51474118
| Item 3 |
If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
|
Not applicable.
| Item 4 |
Ownership
|
| (a) |
Amount beneficially owned: 2,812,126 Ordinary Shares. The Ordinary Shares are held directly by Mivtach Shamir Finance
Ltd. Mivtach Shamir Holdings Ltd. owns all the outstanding shares of Mivtach Shamir Finance Ltd. and may be deemed to have shared voting and investment power with respect to the Ordinary Shares of the Issuer held by Mivtach Shamir Finance
Ltd.
|
| (b) |
Percent of Class: 4.98%. The calculations are based on a total of 56,506,561 Ordinary Shares outstanding as of April 9, 2021, as reported by the Issuer on Form 6-K filed with the
SEC on April 13, 2021.
|
| (c) |
Number of shares as to which the person has:
|
| (i) |
Sole power to vote or direct the vote: 0
|
| (ii) |
Shared power to vote or to direct the vote: 2,812,126
Ordinary Shares
|
| (iii) |
Sole power to dispose or to direct the disposition of: 0
|
| (iv) |
Shared power to dispose or to direct the disposition of: 2,812,126
Ordinary Shares
|
|
Item 5
|
Ownership of Five Percent or Less of a Class
|
If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.
Page 4 of 6 Pages
| Item 6 |
Ownership of More than Five Percent on Behalf of Another Person
|
Not applicable.
| Item 7 |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
|
Not applicable.
| Item 8 |
Identification and Classification of Members of the Group
|
Incorporated by reference to Items 2 and 4 of this Schedule 13G.
| Item 9 |
Notice of Dissolution of Group
|
Not applicable.
| Item 10 |
Certification
|
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
Page 5 of 6 Pages
Signature
After reasonable inquiry and to the best of my knowledge and belief, I cer
tify that the information set forth in this statement is true, complete and correct.
Dated: March 14, 2022
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MIVTACH SHAMIR FINANCE LTD.
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||
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By:
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/s/ Limor Avidor
|
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Name: Limor Avidor
Title: Deputy CEO
|
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MIVTACH SHAMIR HOLDINGS LTD.
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||
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By:
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/s/ Limor Avidor
|
|
|
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Name: Limor Avidor
Title: Deputy CEO
|
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Page 6 of 6 Pages