SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
ZORAN CORPORATION
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class and Securities)
98975F 10 1
(CUSIP Number of Class of Securities)
*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 ("Exchange Act") or otherwise subject to the liabilities of that
section of the Exchange Act but shall be subject to all other provisions of
the Exchange Act (however, see the Notes).
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SCHEDULE 13G
CUSIP No. 98975F 10 1 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Elron Electronics Industries Ltd.
NONE
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
5 SOLE VOTING POWER
NUMBER OF
SHARES 1,490,965 shares
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0 shares
PERSON
WITH
7 SOLE DISPOSITIVE POWER
1,490,965 shares
8 SHARED DISPOSITIVE POWER
0 shares
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,490,965 shares
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.5%
12 TYPE OF REPORTING PERSON
CO
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Item 1(a). Name of Issuer:
Zoran Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
2041 Mission College Boulevard
Santa Clara
California 95054
Item 2(a). Name of Person Filing:
See Item 1 of the cover page attached hereto
Item 2(b). Address of Principal Business Office, or if None, Residence:
Advanced Technology Center
P.O. Box 1573
Haifa 31015, Israel
Item 2(c). Citizenship:
See Item 4 of the cover page attached hereto
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001
Item 2(e). Cusip Number:
98975F 10 1
Item 3.
Not Applicable
Item 4. Ownership:
(a) Amount beneficially owned: 1,490,965 shares
(b) Percent of Class:
See Item 11 of the cover page attached hereto
(c) See Items 5 through 8 of the cover pages attached hereto
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 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 in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
<PAGE>
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 13, 1997
ELRON ELECTRONIC INDUSTRIES LTD.
By: /s/ Richard H. Gilden
Richard H. Gilden as Attorney-in Fact*
for Uzia Galil
*Pursuant to a Power of Attorney, dated as of March 1, 1995
(incorporated by reference to Exhibit II of the Schedule 13D of Elron
Electronic Industries Ltd., as filed with the Commission on January 4, 1995).
