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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. 1 )*
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Zoran Corporation
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(Name of Issuer)
Common Stock, $0.001 par value
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(Title of Class of Securities)
98975F 10 1
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 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).
(Continued on following page(s))
Page 1 of 5 Pages
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CUSIP No. 98975F 10 1 13G Page 2 of 5 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
The Israel Corporation Ltd.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
Israel
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Number of Shares (5) Sole Voting Power
Beneficially 1,306,441
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With -0-
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(7) Sole Dispositive Power
1,306,441
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(8) Shared Dispositive Power
-0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,306,441
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* / /
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(11) Percent of Class Represented by Amount in Row (9)
14.5%
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(12) Type of Reporting Person*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 5 Pages
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ITEM 1(A). NAME OF ISSUER
Zoran Corporation
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ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
2041 Mission College Boulevard
Santa Clara, CA 95054
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ITEM 2(A). NAME OF PERSON(S) FILING
The Israel Corporation Ltd.
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ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
4 Weizman St.
Asia House
P.O. Box 33706
Tel Aviv 61336 ISRAEL
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ITEM 2(C). CITIZENSHIP
Israel
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ITEM 2(D). TITLE OF CLASS OF SECURITIES
Common Stock, $0.001 par value
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ITEM 2(E). CUSIP NUMBER
98975F 10 1
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ITEM 3. TYPE OF PERSON
Not Applicable
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Page 4 of 5 Pages
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ITEM 4. OWNERSHIP (AT FEBRUARY 11, 1997):
(a) Amount Beneficially Owned:
1,306,441
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(b) Percent of Class:
14.5% (based on 9,029,365 shares outstanding at December 31, 1996)
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
1,306,441
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(ii) shared power to vote or to direct the vote
-0-
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(iii) sole power to dispose or to direct the disposition of
1,306,441
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(iv) shared power to dispose or to direct the disposition of
-0-
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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 five percent of the class of securities, check the
following. / /
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
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ITEM 10. CERTIFICATION
Not Applicable
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Page 5 of 5 Pages
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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: February 12, 1997
THE ISRAEL CORPORATION LTD.
By: Erwin D. Eisenberg
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Title: President and CEO
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