Filing Details
- Accession Number:
- 0001178913-22-000151
- Form Type:
- 13G Filing
- Publication Date:
- 2022-01-17 19:00:00
- Filed By:
- Clal Insurance Enterprises Holdings Ltd
- Company:
- Tower Semiconductor Ltd (NASDAQ:TSEM)
- Filing Date:
- 2022-01-18
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Clal Insurance Enterprises Holdings Ltd | 0 | 5,630,891 | 0 | 5,630,891 | 5,630,891 | 5.2% |
Filing
SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)
(Amendment No. __)
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
Under the Securities Exchange Act of 1934
TOWER SEMICONDUCTOR LTD. | ||
(Name of Issuer) | ||
Ordinary Shares, par value NIS 15.00 per share | ||
(Title of Class of Securities) | ||
M87915274 | ||
(CUSIP Number) | ||
January 11, 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 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. M87915274
1 | Name of Reporting Persons/ I.R.S. Identification Nos. of above persons (entities only). | | | ||
Clal Insurance Enterprises Holdings Ltd. | | | |||
| | ||||
2 | Check the Appropriate Box if a Member of a Group | ||||
(a) ☐ | |||||
(b) ☐ | | | |||
3 | SEC Use only | | | ||
| | | |||
| | ||||
4 | Place of Organization | | | ||
Israel | | | |||
| | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: | 5 | Sole Voting Power | | | |
0 | | | |||
| | ||||
6 | Shared Voting Power | | | ||
5,630,891 Ordinary Shares * | | | |||
| | ||||
7 | Sole Dispositive Power | | | ||
0 | | | |||
| | ||||
8 | Shared Dispositive Power | | | ||
5,630,891 Ordinary Shares * | | | |||
| | ||||
9 | Aggregate Amount Beneficially Owned by Each Reporting Person | | | ||
5,630,891 Ordinary Shares * | | | |||
| | ||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares | | | ||
☐ | | | |||
| | ||||
11 | Percent of Class Represented by Amount in Row (9) | | | ||
5.2%** | | | |||
| | ||||
12 | Type of Reporting Person : | | | ||
CO | | | |||
| |
*See Item 4.
** Based on 107,959,222 Ordinary Shares issued and outstanding as of March 31, 2021 (as reported by the Issuer in in Exhibit 99.1 to its Report on Form 6-K filed with the Securities and Exchange Commission on June 28,
2021).
Item 1.
(a) | Name of Issuer: TOWER SEMICONDUCTOR LTD. (the “Issuer”). |
(b) | Address of Issuer’s Principal Executive Offices: Ramat Gavriel Industrial Park, P.O. Box 619, Migdal Haemek, 23105 Israel |
Item 2.
(a) | Name of Person Filing: Clal Insurance Enterprises Holdings Ltd. (“Clal” or the “Reporting Person”). Clal, an Israeli public corporation, may be deemed to beneficially own the Ordinary Shares reported in this
Statement. See Item 4. |
(b) | Address of Principal Business Offices or, if none, Residence: Clal Insurance Enterprises Holdings Ltd. – 36 Raul Walenberg St., Tel Aviv 66180, Israel |
(c) | Place of Organization: |
Israel.
(d) | Title of Class of Securities: |
Ordinary Shares, par value NIS 15.00 per share (the “Ordinary Shares”).
(e) | CUSIP Number: |
M87915274
Item 3. | If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable. |
Item 4. | Ownership |
Of the 5,630,891 Ordinary Shares reported in this Statement as beneficially owned by Clal, (i) 174,934 Ordinary Shares are beneficially held for its own account; and (ii)
5,455,957 are held for members of the public through, among others, provident funds and/or pension funds and/or insurance policies, which are managed by subsidiaries of Clal, which subsidiaries operate under independent management and make
independent voting and investment decisions. Consequently, this Statement shall not be construed as an admission by Clal, that it is the beneficial owner of more than 174,934 Ordinary Shares covered by this Statement.
Except as set forth above, see items 5-11 of the cover page hereto for beneficial ownership, percentage of class and dispositive power of the Reporting Person, which are
incorporated herein.
Item 5. | Ownership of 5 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 5 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 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. Certifications
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.
SIGNATURES
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.
January 18, 2022 |
CLAL INSURANCE ENTERPRISES HOLDINGS LTD. | |
BY: /s/ Eran Czerninski /s/ Yossi Dory | |
Eran Czerninski and Yossi Dory, authorized signatories of CLAL INSURANCE ENTERPRISES HOLDINGS LTD. |