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
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
MICT, INC.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
55328R109
(CUSIP Number)
July 1, 2020
(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 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 the disclosures provided in a prior cover page.
The information required in 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).
| CUSIP No. 55328R109 | 13G | Page 2 of 8 |
| 1. |
Names of Reporting Persons
David Lucatz |
| 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
1,500,000 shares of Common Stock(1) |
| 6. |
Shared Voting Power
1,234,200 | |
| 7. |
Sole Dispositive Power
1,500,000 shares of Common Stock(1) | |
| 8. |
Shared Dispositive Power
1,234,200 |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,734,200 shares of Common Stock |
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ |
| 11. |
Percent of Class Represented by Amount in Row (9)
22.40%(1) |
| 12. |
Type of Reporting Person (See Instructions)
IN |
| (1) | Includes 1,100,000 shares of common stock issuable upon the exercise of options exercisable within 60 days from the date hereof. |
| (2) | Based on 12,207,714 shares of common stock, which includes 11,107,714 shares outstanding as of June 15, 2020 (as disclosed by MICT in its Form 10-Q filed with the SEC on June 16, 2020) and assumes the exercise of options to purchase 1,100,000 shares of common stock held by Mr. Lucatz. |
| CUSIP No. 55328R109 | 13G | Page 3 of 8 |
| 1. |
Names of Reporting Persons
D.L. Capital 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
1,234,200 shares of Common Stock | |
| 7. |
Sole Dispositive Power
0 | |
| 8. |
Shared Dispositive Power
1,234,200 shares of Common Stock |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,234,200 shares of Common Stock |
| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ |
| 11. |
Percent of Class Represented by Amount in Row (9)
11.11% |
| 12. |
Type of Reporting Person (See Instructions)
CO |
| CUSIP No. 55328R109 | 13G | Page 4 of 8 |
| Item 1(a). | Name of Issuer |
MICT, Inc.
| Item 1(b). | Address of Issuer’s Principal Executive Offices |
28 West Grand Avenue, Suite 3, Montvale, New Jersey 07645
| Item 2(a). | Name of Person Filing |
David Lucatz and D.L. Capital Ltd. (“DLC”) are referred to individually herein as a “Filing Person” and collectively as the “Filing Persons.” Mr. Lucatz is the controlling shareholder, Chief Executive Officer and Chairman of the Board of Directors of DLC and may be deemed to have beneficial ownership with respect to all shares held by DLC.
| Item 2(b). | Address of Principal Offices or, if None, Residence |
c/o MICT, Inc.
28 West Grand Avenue, Suite 3, Montvale, New Jersey 07645
| Item 2(c). | Citizenship |
Mr. Lucatz is a citizen of Israel. DLC is a corporation organized under the laws of the State of Israel.
| Item 2(d). | Title of Class of Securities |
Common Stock, $0.001 par value per share
| Item 2(e). | CUSIP Number |
55328R109
| Item 3. | If the statement is being filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the filing person is a: |
| (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| (e) | ☐ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| (h) | ☐ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); |
| (j) | ☐ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
| (k) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
| CUSIP No. 55328R109 | 13G | Page 5 of 8 |
| Item 4 | Ownership |
1. David Lucatz.
| (a) | Amount beneficially owned: |
David Lucatz is deemed to beneficially own 2,734,200 shares of Common Stock, of which 1,100,000 are issuable upon the exercise of options.
| (b) | Percent of class: |
22.40% based on 12,207,714 shares of common stock, which includes 11,107,714 shares of Common Stock of the Company outstanding as of June 15, 2020 (as disclosed by MICT in its Form 10-Q filed with the SEC on June 16, 2020) and assumes the exercise of options to purchase 1,100,000 shares of common stock held by Mr. Lucatz.
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or direct the vote: |
1,500,000
| (ii) | Shared power to vote or direct the vote: |
2,734,200 shares
| (iii) | Sole power to dispose or to direct the disposition of: |
1,500,000
| (iv) | Shared power to dispose or to direct the disposition of: |
2,734,200 shares
2. D.L. Capital Ltd.
| (a) | Amount beneficially owned: |
DLC directly owns 1,234,200 shares of Common Stock.
| (b) | Percent of class: |
11.11%, calculated based on the 11,107,714 shares of Common Stock of the Company outstanding as of June 15, 2020 (as disclosed by MICT in its Form 10-Q filed with the SEC on June 16, 2020).
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or direct the vote: |
0 shares
| (ii) | Shared power to vote or direct the vote: |
1,234,200 shares
| (iii) | Sole power to dispose or to direct the disposition of: |
0 shares
| (iv) | Shared power to dispose or to direct the disposition of: |
1,234,200 shares
| CUSIP No. 55328R109 | 13G | Page 6 of 8 |
| 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
| Item 6 | Ownership of More Than Five Percent on Behalf of Another Person |
1,234,200 shares of Common Stock beneficially owned by Mr. Lucatz are directly held by DLC.
| Item 7 | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person |
Not applicable.
| Item 8 | Identification and Classification of Members of the Group |
Not applicable.
| Item 9 | Notice of Dissolution of Group |
Not applicable.
| Item 10 | Certification |
(a) Not applicable.
(b) Not applicable.
(c) 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.
| CUSIP No. 55328R109 | 13G | Page 7 of 8 |
After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Dated: July 13, 2020 | |
| /s/ David Lucatz | |
| David Lucatz | |
| D.L. Capital Ltd. | |
| /s/ David Lucatz | |
| David Lucatz | |
| Chief Executive Officer |
Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
| CUSIP No. 55328R109 | 13G | Page 8 of 8 |
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