SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(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)
(Amendment No.______)
CREO PRODUCTS INC.
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(Name of Issuer)
Common Stock, no par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
225606102
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
Page 1 of 6
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CUSIP No. 225606102 13G Page 2 of 6 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON Scitex Corporation Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION Israel
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER 11,644,200
SHARES
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER 13,250,000
OWNED BY
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER 11,644,200
REPORTING
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER 13,250,000
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,250,000
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 28.9%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON CO
________________________________________________________________________________
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CUSIP No. 225606102 13G Page 3 of 6 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON Scitex Development Corp.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER 1,605,800
SHARES
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER 1,605,800
OWNED BY
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER 1,605,800
REPORTING
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER 1,605,800
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,605,800
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.5%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON CO
________________________________________________________________________________
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ITEM 1(A). NAME OF ISSUER:
Creo Products Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3700 Gilmore Way
Burnaby, BC V5G 4M1
Canada
ITEM 2(A). NAME OF PERSON FILING:
Scitex Corporation Ltd.
Scitex Development Corp.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Scitex Corporation Ltd.
Hamada Street
Herzliya Industrial Park
PO Box 330
Herzliya B 46103
Israel
Scitex Development Corp.
Hamada Street
Herzliya Industrial Park
PO Box 330
Herzliya B 46103
Israel
ITEM 2(C). CITIZENSHIP:
Scitex Corporation Ltd.- Israel
Scitex Development Corp. - Massachusetts
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, no par value
ITEM 2(E): CUSIP NUMBER:
225606102
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
Not Applicable. This Schedule 13G was filed pursuant to Rule
13d-1(d).
Page 4 of 6
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ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
Scitex Corporation Ltd.
13,250,000 shares of Common Stock, no par value
Scitex Development Corp.
1,605,800 shares of Common Stock, no par value
(b) Percent of class:
Scitex Corporation Ltd.
28.9%
Scitex Development Corp.
3.5%
(c) Number of shares as to which such person has:
Scitex Corporation Ltd.
<TABLE>
<S> <C>
(i) Sole power to vote or to direct the vote 11,644,200
(ii) Shared power to vote or to direct the vote 13,250,000
(iii) Sole power to dispose or to direct the disposition of 11,644,200
(iv) Shared power to dispose or to direct the disposition of 13,250,000
Scitex Development Corp.
(i) Sole power to vote or to direct the vote 1,605,800
(ii) Shared power to vote or to direct the vote 1,605,800
(iii) Sole power to dispose or to direct the disposition of 1,605,800
(iv) Shared power to dispose or to direct the disposition of 1,605,800
</TABLE>
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 THE GROUP
Not Applicable.
ITEM 10. CERTIFICATION
Not Applicable.
Page 5 of 6
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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.
Date: April 7, 2000 SCITEX CORPORATION LTD.
/s/ Eyal Desheh
----------------------------------------
Name: Eyal Desheh
SCITEX DEVELOPMENT CORP.
/s/ Eyal Desheh
----------------------------------------
Name: Eyal Desheh
Page 6 of 6
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INDEX TO EXHIBITS
Exhibit No. Exhibit
- ----------- -------
99.1 Joint Filing Agreement, dated April 7, 2000 between
Scitex Corporation Ltd. and Scitex Development Corp.
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Exhibit 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(l) promulgated under the Securities
Exchange Act of 1934, the undersigned agree to the joint filing of a Statement
on Schedule 13G (including any and all amendments thereto) with respect to the
Common Stock, no par value, of Creo Products Inc., and further agree to the
filing of this agreement as an Exhibit thereto. In addition, each party to this
Agreement expressly authorizes each other party to this agreement to file any
and all amendments to such Statement on Schedule 13G.
Date: April 7, 2000 SCITEX CORPORATION LTD.
----------------------------------------
Name: Eyal Desheh
Title:
SCITEX DEVELOPMENT CORP.
----------------------------------------
Name: Eyal Desheh
Title:
