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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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Washington, D.C. 20549
Amendment No. 8 to
SCHEDULE 13D/A
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
(Amendment No. 8)*
CERAGON NETWORKS LTD.
(Name of Issuer)
(Name of Issuer)
Ordinary Shares, par value NIS 0.01 per share
(Title of Class of Securities)
(Title of Class of Securities)
M22013102
(CUSIP Number)
(CUSIP Number)
Nitzba City, Plot 300, Bldg. A, 7th floor, POB 112, Rosh Ha’Ayin 4810002, Israel
Tel: (+972 ) 3-543-1643
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
With a copy to
Michael Gibson, Katherine Frank, and Stephen Gill
Vinson & Elkins LLP
200 West 6th Street, Suite 2500
Austin, TX 78701
512-542-8400
August 10, 2022
(Date of Event which Requires Filing of this Statement)
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’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.
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 (however, see the Notes).
(Continued on following pages)
CUSIP No. M22013102
1 | NAME OF REPORTING PERSON: Aviat Networks, Inc. | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) o (b) ◻ | |||||||
3 | SEC USE ONLY: | |||||||
4 | SOURCE OF FUNDS: WC | |||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e): ◻ | |||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 7 | SOLE VOTING POWER: 4,288,757 | ||||||
8 | SHARED VOTING POWER: 0 | |||||||
9 | SOLE DISPOSITIVE POWER: 4,288,757 | |||||||
10 | SHARED DISPOSITIVE POWER: 0 | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 4,288,757 | |||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 5.1% (1) | |||||||
14 | TYPE OF REPORTING PERSON: CO |
(1) Based on 84,032,943 Ordinary Shares (as defined herein) issued and outstanding as of July 17, 2022, as disclosed in the Issuer’s (as defined herein) proxy statement dated July 18, 2022.
CUSIP No. M22013102
1 | NAME OF REPORTING PERSON: Weinstock Legacy, LLC | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) o (b) ◻ | |||||||
3 | SEC USE ONLY: | |||||||
4 | SOURCE OF FUNDS: WC | |||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e): ◻ | |||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION: Texas | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 7 | SOLE VOTING POWER: 0 | ||||||
8 | SHARED VOTING POWER: 10,000* | |||||||
9 | SOLE DISPOSITIVE POWER: 0 | |||||||
10 | SHARED DISPOSITIVE POWER: 10,000* | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 10,000 | |||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.01% (1) | |||||||
14 | TYPE OF REPORTING PERSON: OO |
*Consists of shares owned by Weinstock Legacy, LLC
(1) Based on 84,032,943 Ordinary Shares (as defined herein) issued and outstanding as of July 17, 2022, as disclosed in the Issuer’s (as defined herein) proxy statement dated July 18, 2022.
CUSIP No. M22013102
1 | NAME OF REPORTING PERSON: Craig Weinstock | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) o (b) ◻ | |||||||
3 | SEC USE ONLY: | |||||||
4 | SOURCE OF FUNDS: PF, AF | |||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e): ◻ | |||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION: United States | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 7 | SOLE VOTING POWER: 0 | ||||||
8 | SHARED VOTING POWER: 10,000* | |||||||
9 | SOLE DISPOSITIVE POWER: 0 | |||||||
10 | SHARED DISPOSITIVE POWER: 10,000* | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 10,000 | |||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: | ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.01% (1) | |||||||
14 | TYPE OF REPORTING PERSON: IN |
*Consists of shares owned by Weinstock Legacy, LLC
(1) Based on 84,032,943 Ordinary Shares (as defined herein) issued and outstanding as of July 17, 2022, as disclosed in the Issuer’s (as defined herein) proxy statement dated July 18, 2022.
Explanatory Note: This statement on Schedule 13D amends the previously amended Schedule 13D of Aviat Networks, Inc. (one of the “Reporting Persons”) that was filed with the Securities and Exchange Commission on June 27, 2022, and amended on July 8, 2022, July 13, 2022, July 18, 2022, July 22, 2022, July 29, 2022, August 1, 2022, and August 3, 2022, with respect to the Ordinary Shares of Ceragon Networks, Ltd. (the “Issuer”). This amendment to the Schedule 13D constitutes Amendment No. 8 to the Schedule 13D. Capitalized terms used by not defined herein have the meaning given to such terms in the Schedule 13D. Except as set forth herein, the Schedule 13D is unmodified.
Item 4. Purpose of Transaction.
Item 4 is hereby amended to add the following:
On August 10, 2022, Aviat Networks, Inc. (“Aviat” or the “Company”) issued a press release announcing that independent proxy advisory firm Institutional Shareholder Services (“ISS”) has recommended that shareholders of Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon") vote FOR the removal of two members of Ceragon’s Board of Directors (“Board”), Yael Langer and Ira Palti, at the upcoming Extraordinary General Meeting of shareholders on August 23, 2022. Aviat continues to believe that shareholders should vote for the removal of all three Ceragon directors, Yael Langer, Ira Palti and David Ripstein, and FOR the election of all five of Aviat’s director nominees. A copy of the press release is attached hereto as Exhibit M and is incorporated herein by reference.
A copy of the Presentation is attached hereto as Exhibit L and is incorporated herein by reference.
Item 7. Material to be Filed as Exhibits.
Item 7 is hereby amended to add the following exhibit:
[CUSIP NO.M22013102]
SIGNATURE
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.
Dated: August 10, 2022
Aviat Networks, Inc. | |||||||||||
By: | /s/ Pete Smith | ||||||||||
Name: | Pete Smith | ||||||||||
Title: | President and Chief Executive Officer | ||||||||||
Weinstock Legacy, LLC | |||||||||||
By: | /s/ Erin Boase, as attorney-in-fact | ||||||||||
Name: | Craig Weinstock | ||||||||||
Title: | President | ||||||||||
/s/ Erin Boase, as attorney-in fact | |||||||||||
Name: Craig Weinstock |