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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._____)*
OPTIBASE LTD.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
M7524R108
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(CUSIP Number)
12/31/1999
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(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)
[X] 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).
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CUSIP NO. M7524R108 Page 2 of 5
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NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS.
(1) OF ABOVE PERSONS:
COLUMBUS CIRCLE INVESTORS SEC ID# 28-4974
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(2) (a) [_]
(b) [_]
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SEC USE ONLY
(3)
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CITIZENSHIP OR PLACE OF ORGANIZATION
(4)
United States of America
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SOLE VOTING POWER
(5)
NUMBER OF 465,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
465,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.394%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
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Page 3 of 5
Item 1 (a) Name of Issuer
(b) Address of Issuer's Principal Executive Offices
Item 2 (a) Name of Person Filing
COLUMBUS CIRCLE INVESTORS
(b) Address of Principal Business Office or, if none, Residence
(c) Citizenship
United States of America
(d) Title of Class of Securities
Common Stock, Par Value 0.01 per share
(e) CUSIP Number: M7524RID8
Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4. Ownership.
(i) Sole power to vote or to direct the vote
465,000
(ii) Shared power to vote or to direct the vote
0
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
0
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Page 4 of 5
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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.
Not applicable.
Item 9. Notice of Dissolution of a 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 acquired and are held in
the ordinary course of business and 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.
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Page 5 of 5
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.
February 15, 2000
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Date
/s/ Marc Felman signature
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Marc Felman
