SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 29)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yoram Weissbrem, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-5673333
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
David Fox, Esq.
Skadden, Arps, Slate, Meagher & Flom
919 Third Avenue
New York, New York 10022
(212) 735-3000
January 14, 1996
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 10,500,991
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 10,500,991
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,500,991
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
50.4%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This statement constitutes Amendment No. 29 to the Statement on
Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange
Commission by Bank Hapoalim B.M. in connection with its beneficial
ownership of shares of Class A Stock ("Class A Stock") of Ampal-American
Israel Corporation, a New York corporation ("Ampal").
Unless otherwise defined herein, capitalized terms used herein
shall have the meanings ascribed to them in the Schedule 13D. Pursuant to
Rule 13d-2(c) promulgated under the Securities Exchange Act of 1934 and
Item 101(a)(2)(ii) of Regulation S-T, the text of the Schedule 13D and
Amendments Nos. 1-28 thereto has been restated in its entirety and attached
hereto as Annex A.
[Item 5. Interest in Securities of Issuer
Item 5 is hereby amended and supplemented by adding the
following:
The Bank currently owns 10,116,633 shares of Class A Stock of
Ampal. The Bank also owns (a) 122,536 shares of 6 1/2% Cumulative
Convertible Preferred Stock of Ampal ("6 1/2% Preferred"), and (b) 3,350
shares of Ampal's 4% Cumulative Convertible Participating Preferred Stock
("4% Preferred").
The 6 1/2% Preferred is convertible into Class A Stock of Ampal
on the basis of 3 shares of Class A Stock for each share of 6 1/2%
Preferred and the 4% Preferred is convertible on the basis of 5 shares of
Class A for each share of 4% Preferred. Under the beneficial ownership
rules of the Securities and Exchange Commission, the Bank is deemed to be
the beneficial owner of the aggregate of 10,500,991 shares of Class A Stock
of Ampal into which the 4% Preferred and the 6 1/2% Preferred owned by the
Bank are convertible. Such shares presently owned by the Bank would
constitute 50.4% of the Class A Stock then outstanding, after giving effect
to such conversion.]
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
By: /s/ Yacov Elinav
Name: Yacov Elinav
Title: Senior Deputy Managing Director
By: /s/ Nurit Raviv
Name: Nurit Raviv
Title: Advocate
Dated: January 31, 1996
ANNEX A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
CUSIP 032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Mr. G. Eilat, Secretary
Bank Hapoalim B.M.
50 Rothschild Boulevard
Tel Aviv, Israel
Telephone No.: 623211
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Rita E. Hauser
Attorney at Law
Stroock & Stroock & Lavan
61 Broadway
New York, New York 10006
(212) 425-5294
November 27, 1978
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Statement because of
Rule 13d-1(b)(3) or (4), check the following: ( )
Check the following box if a fee is being paid with this Statement: ( )
ITEM 1. Security and Issuer.
This statement relates to the Class "A" Stock (the "Stock"), par
value $1 per share, of Ampal-American Israel Corporation ("Ampal"), a New
York corporation whose business address is 10 Rockefeller Plaza, New York,
New York 10020.
ITEM 2. Identity and Background.
This statement is filed by Bank Hapoalim B.M. (the "Bank"), a
commercial bank organized under the laws of Israel. The Bank's principal
office is located at 50 Rothschild Boulevard, Tel Aviv, Israel.
During the last five years the Bank has not been convicted in a
criminal proceeding, nor has the Bank been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction as a result of
which the Bank was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
ITEM 3. Source and Amount of Funds or Other Consideration.
The funds used by the Bank to purchase the 80,800 shares of the
Stock on November 27, 1978 (pursuant to the transaction described in Item
5) were derived from the Bank's general funds.
ITEM 4. Purpose of Transaction.
As more fully described in Item 5, the Bank on November 27, 1978
purchased 80,800 shares of the Stock. From October 1973 until April 1,
1977 the Bank owned 100% of the outstanding shares of the Stock. On and
after April 1, 1977 Ampal offered shares of the Stock to the public. In
order to assure that the Bank could include Ampal's consolidated statements
in its consolidated statements, the Bank determined to acquire such 80,800
shares. As set forth in Item 6, the Bank had voting control of Ampal both
prior and subsequent to its acquisition of such 80,800 shares.
ITEM 5. Interest in Securities of the Issuer.
The Bank owns beneficially and of record 180,800 shares of the
Stock, representing 5.9% of the issued and outstanding shares of Stock as
at November 30, 1978.
Included in such 180,800 shares are 80,800 shares purchased by
the Bank on November 27, 1978 at the purchase price of $1.00 per share.
Such 80,800 shares were purchased directly from Ampal pursuant to an
offering of such securities registered by Ampal with the Securities and
Exchange Commission.
In addition to its ownership of 180,800 shares of the Stock, the
Bank is also the beneficial and of record owner of 39,247 shares of Common
Stock of Ampal (the "Common Stock") which represents 90.0% of the issued
and outstanding shares of the Common Stock as at November 30, 1978.
ITEM 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer
Pursuant to the terms of Ampal's Certificate of Incorporation,
the holders of the Common Stock, voting as a class, are entitled to cast
the same aggregate number of votes as holders of the Stock. By virtue of
its control of the Common Stock (of which, as noted in Item 5, the Bank
owns 90.0%) and its ownership of at least one share of the Stock, the Bank
has voting control of Ampal. The purchase of 80,800 shares of the Stock
described in Item 5 did not affect such voting control.
ITEM 7. Material to be Filed as Exhibits.
None.
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.
Dated: December , 1978, as of December 7, 1978
Signature: BANK HAPOALIM B.M.
By: /s/ Jacob Levinson By: /s/ Amnon Barnoy
Jacob Levinson, Chairman Amnon Barnoy,
Name and Title: of the Board of Directors Manager
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Mr. G. Eilat, Secretary
Bank Hapoalim B.M.
50 Rothschild Boulevard
Tel Aviv, Israel
Telephone No.: 623211
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Rita E. Hauser
Attorney at Law
Stroock & Stroock & Lavan
61 Broadway
New York, New York 10006
Telephone No.: (212) 424-5200
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ( )
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 895,046 (See Item 5)
SHARES ______________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ______________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ______________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
694,196 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
22%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
BK
_________________________________________________________________
This amends and corrects, in certain minor respects, a Schedule
13D dated December 13, 1978 with respect to the Class A Stock of Ampal-
American Israel Corporation ("Ampal").
Item 3. Source and Amount of Funds or
Other Consideration
The funds used by Bank Hapoalim B.M. (the "Bank") to purchase the
226,950 shares of 6 1/2% Cumulative Convertible Stock of Ampal and to be
used for purchase of Class A Stock of Ampal, as described in Item 5 below,
have been and will be derived from the Bank's general funds.
Item 4. Purpose of Transaction
In order to continue assurance that the Bank may include
consolidated financial statements of Ampal in the Bank's consolidated
financial statements, the Bank acquired 226,950 shares of Ampal's 6 1/2%
Cumulative Convertible Preferred Stock (6 1/2% Preferred) and has
determined to initiate a program of purchasing Class A Stock of Ampal, as
described further in Item 5 below.
Except as set forth in Item 5 below, the Bank has no plans or
proposals which relate to or would result in any of the transactions listed
in items (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
The Bank presently owns beneficially 180,000* shares of Class A
Stock of Ampal, constituting 5.7% of the outstanding amount of that class.
It also owns 235,972 shares of the 6 1/2% Cumulative Convertible Preferred
Stock of Ampal ("6 1/2% Preferred") and 1,426 shares of Ampal's 4%
Cumulative Convertible Participating Preferred Stock ("4% Preferred").
The 6 1/2% Preferred is convertible into Class A Stock of Ampal
on the basis of 3 shares of Class A Stock for each share of 6 1/2%
Preferred and the 4% Preferred is convertible into Class A Stock on the
basis of 5 shares of Class A Stock for each share of 4% Preferred. Under
the beneficial ownership rules of Securities and Exchange Commission, the
Bank is deemed to be the beneficial owner of the aggregate of 715,046
shares of Class A Stock of Ampal into which the 4% Preferred and 6 1/2%
Preferred owned by the Bank are convertible. Such shares, together with
the 180,000 shares presently owned by the Bank would constitute 22% of the
Class A Stock then outstanding, after giving effect to such conversion.
The Bank intends to convert the 6 1/2% Preferred into Class A Stock.
On December 19, 1980, 226,950 shares of 6 1/2% Preferred were
purchased by the Bank in privately negotiated transactions with 5 sellers,
at a price of $2.00 per share. The remaining 9,022 shares of 6 1/2%
Preferred were purchased by the Bank on October 6, 1980 in a privately
negotiated transaction with one seller, for a price of $3.175 per share.
The 1,426 shares of 4% Preferred were purchased more than ten years ago by
a subsidiary of the Bank and were inadvertently not included in the
Schedule 13D dated December 13, 1978.
The Bank has determined to initiate a program of purchasing Class
A Stock of Ampal from time to time on the over the counter market and/or in
privately negotiated transactions, subject to applicable laws and
_________________
* The previously reported number of shares, 180,800, was
incorrect.
regulations with respect to volume, price and other limitations. No
determination has been made regarding the amount of Class A Stock to be
purchased or the duration of the program.
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.
Dated: December 29, 1980
BANK HAPOALIM B.M.
By: Gideon Eilat /s/ Gideon Eilat
Name/Title Secretary of the Bank
By: Shimon Parva /s/ Shimon Parva
Name/Title Manager, Subsidiary Companies Department
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Acting Secretary
Bank Hapoalim B.M.
50 Rothschild Boulevard
Tel Aviv, Israel
Telephone No.: 623211
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Rita E. Hauser
Attorney at Law
Stroock & Stroock & Lavan
61 Broadway
New York, New York 10006
Telephone No.: (212) 424-5200
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 1,045,456 (See Item 5)
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,045,456 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
23%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
BK
_________________________________________________________________
This amends a Schedule 13D dated December 13, 1978 with respect
to the Class A Stock of Ampal-American Israel Corporation ("Ampal"),
previously amended by Amendment No. 1 dated December 29, 1980.
Item 3. Source and Amount of Funds or Other Consideration
The funds used by Bank Hapoalim B.M. (the "Bank") to purchase the
49,170 shares of 6 1/2% Cumulative Convertible Stock of Ampal and 2,900
shares of Class A Stock of Ampal, as described in Item 5 below, have been
derived from the Bank's general funds.
Item 4. Purpose of Transaction
In order to continue assurance that the Bank may include
consolidated financial statements of Ampal in the Bank's consolidated
financial statements, the Bank acquired 49,170 shares of Ampal's 6 1/2%
Cumulative Convertible Preferred Stock (6 1/2% Preferred). The Bank also
purchased 2,900 shares of Class A Stock of Ampal, as described further in
Item 5 below.
The Bank has no plans or proposals which relate to or would
result in any of the transactions listed in items (a) through (j) of Item 4
of Schedule 13D. However, the program of purchasing Class A Stock of Ampal
from time to time on the over the counter market and/or in privately
negotiated transactions described in Amendment No. 1 to the Schedule 13D,
which is currently suspended during the pendency of a public offering of
Class A Stock by Ampal, may be continued.
Item 5. Interest in Securities of the Issuer
The Bank presently owns beneficially 1,045,456 shares of Class A
Stock of Ampal, constituting 23% of the outstanding amount of that class.
Pursuant to the previously announced market purchase program
initiated by the Bank in January, 1981, the Bank purchased an aggregate of
2,900 shares of Class A Stock of Ampal. The purchases were made on
February 19, 1981 (400 shares), February 20, 1981 (400 shares) and February
23, 1981 (900 shares) at $1.1875 per share and on March 9, 1981 (1,200
shares) at $1.00 per share, in open market purchases.
On September 28, 1981, the Bank purchased 49,170 shares of 6 1/2%
Cumulative Convertible Preferred Stock of Ampal ("6 1/2% Preferred") in a
privately negotiated transaction with a single seller, at a price of $3.00
per share. The 6 1/2% Preferred is convertible into Class A Stock on the
basis of 3 shares of Class A Stock for each share of 6 1/2% Preferred. The
49,170 shares of 6 1/2% Preferred were converted into Class A Stock on
September 29, 1981.
The Bank has converted all 6 1/2% Preferred Stock and 4%
Preferred Stock previously reported as being owned by it into Class A Stock
of Ampal, as it stated was its intention.
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.
Dated: October 27, 1981
BANK HAPOALIM B.M.
By: /s/ Dan Yahas
Name/Title Dan Yahas, Authorized Signatory
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Acting Secretary
Bank Hapoalim B.M.
50 Rothschild Boulevard
Tel Aviv, Israel
Telephone No.: 623211
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Rita E. Hauser
Attorney at Law
Stroock & Stroock & Lavan
61 Broadway
New York, New York 10006
Telephone No.: (212) 424-5200
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 1,090,456 (See item 5)
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,456 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
23%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
BK
_________________________________________________________________
This amends a Schedule 13D dated December 13, 1978 with respect
to the Class A Stock of Ampal-American Israel Corporation ("Ampal"),
previously amended by Amendment No. 1 dated December 29, 1980 and Amendment
No. 2 dated October 27, 1981.
Item 3. Source and Amount of Funds or Other Consideration
The funds used by Bank Hapoalim B.M. (the "Bank") to purchase the
45,000 shares of Class A Stock of Ampal, as described in Item 5 below, have
been and will be derived from the Bank's general funds.
Item 4. Purpose of Transaction
In order to continue assurance that the Bank may include
consolidated financial statements of Ampal in the Bank's consolidated
financial statements, the Bank acquired 45,000 shares of Class A Stock of
Ampal, as described further in Item 5 below.
The Bank has no plans or proposals which relate to or would
result in any of the transactions listed in items (a) through (j) of Item 4
of Schedule 13D. However, the program of purchasing Class A Stock of Ampal
from time to time on the over the counter market and/or in privately
negotiated transactions described in Amendment No. 1 to the Schedule 13D,
which is currently suspended during the pendency of a public offering of
Class A Stock by Ampal, may be continued.
Item 5. Interest in Securities of the Issuer
The Bank presently owns beneficially 1,090,456 shares of Class A
Stock of Ampal, constituting 23% of the outstanding amount of that class.
On December 29, 1981, the Bank purchased 45,000 shares of Class A
Stock of Ampal in a privately negotiated transaction with a single seller,
at a price of $1.125 per share.
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.
Dated: January 12, 1981
BANK HAPOALIM B.M.
By: /s/Dan Yahas
Name/Title Dan Yahas, Authorized Signatory
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Acting Secretary
Bank Hapoalim B.M.
50 Rothschild Boulevard
Tel Aviv, Israel
Telephone No.: 62311
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Rita E. Hauser
Attorney at Law
Stroock & Stroock & Lavan
61 Broadway
New York, New York 10006
Telephone No.: (212) 424-4200
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 1,270,456 (See item 5)
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,270,456 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
23%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
BK
_________________________________________________________________
This amends a Schedule 13D dated December 13, 1978 with respect
to the Class A Stock of Ampal-American Israel Corporation ("Ampal"),
previously amended by Amendment No. 1 dated December 29, 1980, Amendment
No. 2 dated October 27, 1981 and Amendment No. 3 dated January 12, 1982.
Item 3. Source and Amount of Funds or Other Consideration
The funds used by Bank Hapoalim B.M. (the "Bank") to purchase the
180,000 shares of Class A Stock of Ampal, as described in Item 5 below,
have been derived from the Bank's general funds.
Item 4. Purpose of Transaction
In order to continue assurance that the Bank may include
consolidated financial statements of Ampal in the Bank's consolidated
financial statements, the Bank acquired 180,000 shares of Class A Stock of
Ampal, as described further in Item 5 below.
The Bank has no plans or proposals which relate to or would
result in any of the transactions listed in Items (a) through (j) of Item 4
of Schedule 13D. However, the program of purchasing Class A Stock of Ampal
from time to time on the over the counter market and/or in privately
negotiated transactions described in Amendment No. 1 to the Schedule 13D,
which is currently suspended during the pendency of a public offering of
Class A Stock by Ampal, may be continued.
Item 5. Interest in Securities of the Issuer
The Bank presently owns beneficially 1,270,456 shares of Class A
Stock of Ampal, constituting 23% of the outstanding amount of that class.
On June 30, 1982, the Bank purchased 180,000 shares of Class A
Stock of Ampal in a privately negotiated transaction with a single seller,
at a price of $1.125 per share.
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.
Dated: July 13, 1982
BANK HAPOALIM B.M.
By: /s/ Dan Yahas
Name/Title Dan Yahas, Authorized Signatory
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Acting Secretary
Bank Hapoalim B.M.
50 Rothschild Boulevard
Tel Aviv, Israel
Telephone No.: 62811
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Rita E. Hauser
Attorney at Law
Stroock & Stroock & Lavan
61 Broadway
New York, New York 10006
Telephone No.: (212) 424-5200
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 1,768,976 (See item 5)
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,768,976 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
28%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
BK
_________________________________________________________________
This amends a Schedule 13D dated December 13, 1978 with respect
to the Class A Stock of Ampal-American Israel Corporation ("Ampal"),
previously amended by Amendment No. 1 dated December 29, 1980, Amendment
No. 2 dated October 27, 1981, Amendment No. 3 dated January 12, 1982 and
Amendment No. 4 dated July 13, 1982.
Item 3. Source and Amount of Funds or
Other Consideration
The funds used by Bank Hapoalim B.M. (the "Bank") to purchase the
498,520 shares of Class A Stock of Ampal, as described in Item 5 below,
have been derived from the Bank's general funds.
Item 4. Purpose of Transaction
In order to continue assurance that the Bank may include
consolidated financial statements of Ampal in the Bank's consolidated
financial statements, the Bank acquired 498,520 shares of Class A Stock of
Ampal, as described further in Item 5 below.
The Bank has no plans or proposals which relate to or would
result in any of the transactions listed in Items (a) through (j) of Item 4
of Schedule 13D, except that the Bank is considering exchanging all shares
of Common Stock of Ampal owned by the Bank for Class A Stock, on the basis
of fifty shares of Class A Stock for one share of Common Stock.
Information regarding that transaction and a related proposed
recapitalization of Ampal is set forth in a Form 8-K Current Report filed
with the Commission by Ampal on November 8, 1982. The Bank intends to
acquire additional shares of Class A Stock of Ampal so that it will own
sufficient shares to include consolidated financial statements of Ampal in
the Bank's consolidated financial statements. Such acquisitions are
expected to be made in privately negotiated purchases from a limited number
of sellers. The program of purchasing Class A Stock of Ampal from time to
time on the over the counter market and/or in privately negotiated
transactions described in Amendment No. 1 to the Schedule 13D, may be
continued.
Item 5. Interest in Securities of the Issuer
The Bank presently owns beneficially 1,768,976 shares of Class A
Stock of Ampal, constituting 28% of the outstanding amount of that class.
On October 26, 1982, the Bank purchased 210,000 shares of Class A
Stock of Ampal in privately negotiated transactions with two sellers, at a
price of $1.50 per share. On November 3, 1982 the Bank acquired 288,520 of
such shares in a privately negotiated transaction with one seller, also at
$1.50 per share.
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.
Dated: November 16, 1982
BANK HAPOALIM B.M.
By: /s/ Lawrence Lefkowitz
Lawrence Lefkowitz
Authorized Signatory
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Secretary
Bank Hapoalim B.M.
50 Rothschild Blvd.
Tel Aviv, Israel
Tele: 62811
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Rita Hauser, Esq.
Attorney-at-Law
Stroock & Stroock & Lavan
7 Hanover Square
New York, N.Y. 10004
Tel: (212) 425-5200
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M. TAX I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
1,988,976 (See Item 5)
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,988,976 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
24%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This amends a Schedule 13D dated December 13, 1978 with
respect to the Class A Stock of Ampal-American Israel Corporation
("Ampal"), previously amended by Amendment No. 1 dated December
29, 1980, Amendment No. 2 dated October 27, 1981, Amendment No. 3
dated January 12, 1982, Amendment No. 4 dated July 13, 1982, and
Amendment No. 5 dated November 16, 1982.
Item 3. Source and Amount of Funds or Other Consideration.
The funds used by Bank Hapoalim B.M. (the "Bank") to
purchase the 220,000 shares of Class A Stock of Ampal, as
described in Item 5 below, have been derived from the Bank's
general funds.
Item 4. Purpose of Transaction.
In order to permit the Bank to properly include the
consolidated financial statements of Ampal in the Bank's
consolidated financial statements under applicable accounting
rules in Israel, the Bank acquired 220,000 shares of Class A
Stock of Ampal, as described further in Item 5 below.
The Bank has no plans or proposals which relate to or
would result in any of the transactions listed in items (a)
through (j) of Item 4 of Schedule 13D, except that the Bank is
aware of Ampal's interest in listing its Class A Stock on the
American Stock Exchange, of the actions taken by Ampal's Board of
Directors on January 12, 1983 and that a favorable preliminary
opinion was received from the American Stock Exchange regarding
the proposed listing of Ampal's Class A Stock. A copy of a
Current Report on form 8-K, filed on January 18, 1983 by Ampal,
setting forth the actions taken or proposed to be taken by
Ampal's Board or Executive Committee, the action proposed to be
considered and acted upon by Ampal's shareholders at a special
meeting to be held on March 17, 1983, the contemplated purchase
of additional Common Stock of Ampal by the Bank for a
consideration other than cash and related matters, is appended to
this amendment as an exhibit. The Bank intends to acquire
additional Class A Stock and other equity securities of Ampal
from time to time so that it will own sufficient shares to
include consolidated financial statements of Ampal in the Bank's
consolidated financial statements. Such acquisitions are
expected to be made in privately negotiated purchases from a
limited number of sellers and/or from Ampal. The program of
purchasing Class A Stock of Ampal from time to time on the over
the counter market and/or in privately negotiated transactions,
described in Amendment No. 1 to the Schedule 13D, may be
continued.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 1,998,976 shares
of Class A Stock of Ampal, constituting 24% of the outstanding
amount of that class.
On December 31, 1982, the Bank purchased 220,000 shares
of Class A Stock of Ampal in a privately negotiated transaction
with one seller, at a price of $4.00 per share.
Item 7. Material to be filed as Exhibits
Current Report on Form 8-K of Ampal-American Israel
Corporation.
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.
Dated: January 18, 1983
BANK HAPOALIM B.M.
By: /s/ Lawrence Lefkowitz
Lawrence Lefkowitz
Authorized Signatory
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Secretary
Bank Hapoalim B.M.
50 Rothschild Blvd.
Tel Aviv, Israel
Tel: 972-3-628 111
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Rita E. Hauser
Attorney-at-Law
Stroock & Stroock & Lavan
7 Hanover Square
New York, N.Y. 10004
Tel: 9212) 806-5400
SEE ITEM 5
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
SEE ITEM 3
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 2,306,835 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 2,306,835 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,306,835 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
19%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This amends a Schedule 13D dated December 13, 1978 with
respect to the Class A Stock of Ampal-American Israel Corporation
("Ampal"), previously amended by Amendment No. 1 dated December
29, 1980, Amendment No. 2 dated October 27, 1981, Amendment No. 3
dated January 12, 1982, Amendment No. 4 dated July 13, 1982,
Amendment No. 5 dated November 16, 1982 and Amendment No. 6 dated
January 18, 1983.
Item 3. Source and Amount of Funds or Other Consideration.
Item 4. Purpose of Transaction.
Item 5. Interest in Securities of the Issuer.
Bank Hapoalim B.M. (the "Bank") presently owns
beneficially 2,201,685 shares of Class A constituting 18.3% of
the outstanding amount of that class. It also owns 35,050 shares
of the 6 1/2% Cumulative Convertible Preferred Stocks of Ampal
("6 1/2% Preferred").
The 6 1/2% Preferred is convertible into Class A Stock
of Ampal on the basis of 3 shares of Class A Stock for each share
of 6 1/2% Preferred. Under the beneficial ownership rules of the
Securities and Exchange Commission, the Bank is deemed to be the
beneficial owner of 105,150 shares of Class A Stock of Ampal into
which the 6 1/2% Preferred owned by the Bank are convertible.
Such shares together with the 2,201,685 shares of Class A Stock
presently owned by the Bank would constitute 19.04% of the Class
A Stock outstanding as of March 1, 1984, after giving effect to
such conversion. The Bank intends to convert the 6 1/2%
Preferred into Class A Stock.
The circumstances of the acquisition through a
subsidiary of the 212,709 shares of Class A Stock and 35,050
shares of 6 1/2% Preferred which are reported herein, are the
subject of an inquiry currently underway, as are the
circumstances of the acquisition of certain other securities of
the issuer. Upon the completion of said inquiry, the information
called for by Items 3, 4 and 5, to the extent not previously
reported, will be provided.
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.
Dated: April 9, 1984
BANK HAPOALIM B.M.
By /s/ Arieh Geva
Name/Title: Arieh Geva - Regional Manager, USA
By /s/ Arieh Abend
Name/Title: Arieh Abend - Deputy Regional Manager, USA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
03215 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Secretary
Bank Hapoalim B.M.
50 Rothschild Blvd.
Tel Aviv, Israel
Tel: 792-3-62811
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Rosenman Colin Freund
Lewis & Cohen
575 Madison Avenue
New York, NY 10022
tel: (212) 940-8800
See page 3
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 2,306,835
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 2,306,835
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,306,835
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
18.9%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This amends a Schedule 13D dated December 13, 1978 with respect
to the Class A Stock of Ampal-American Israel Corporation ("Ampal"),
previously amended by Amendment No. 1 dated December 29, 1980, Amendment
No. 2 dated October 27, 1981, Amendment No. 3 dated January 12, 1982,
Amendment No. 4 dated July 13, 1982, Amendment No. 5 dated November 16,
1982, Amendment No. 6 dated January 18, 1983 and Amendment No. 7 dated
April 9, 1984.
In Amendment No. 7, Bank Hapoalim B.M. (the "Bank") referred to
the pendency of an inquiry to determine the circumstances of the
acquisition of certain securities by the Bank and its wholly-owned
subsidiary Bank Hapoalim (Switzerland) Ltd. As a result of that inquiry,
which was recently completed, the Bank is amending the following items of
Amendments Nos. 1, 2 and 7 as set forth below.
A. Amendment No. 1, dated December 29, 1980, Item 5.
The first sentence of the first full paragraph on page 4 is amended as
follows:
"On August 28, 1980, 226,950 shares of 6 1/2% Preferred
Stock were purchased in a privately negotiated
transaction with one seller, at a price of $3 per
share."
B. Amendment No. 2, dated October 27, 1981, Item 5.
The first paragraph on page 4 is amended as follows:
"On June 30, 1980, the Bank purchased 49,170 shares of
6 1/2% Cumulative Convertible Preferred Stock of Ampal
("6 1/2% Preferred") in a privately negotiated
transaction with a single seller, at a price of $5.00
per share, of which $1 per share was paid on June 30,
1980 and $4 per share was paid on October 20, 1980.
These shares were transferred back to the seller on
October 28, 1980 at a price equal to that paid by the
Bank.* They were repurchased by the Bank on September
28, 1981, at a price of $3.00 per share. The 6 1/2%
Preferred is convertible into Class A Stock on the
basis of 3 shares of Class A Stock for each share of
6 1/2% Preferred. The 49,170 shares of 6 1/2%
Preferred were converted into Class A Stock on
September 29, 1981."
"* The price at which the shares were transferred back
to the seller was the Israeli shekel equivalent of the
purchase price."
C. Amendment No. 7, dated April 9, 1984, Items 3, 4 and 5.
These items are supplemented as follows:
"Item 3. Source and Amount of Funds and Other
Consideration.
The funds used by Bank Hapoalim (Switzerland) Ltd. (the
"Swiss Bank"), a wholly-owned subsidiary of the Bank,
to purchase the 212,709 shares of Class A Stock and
35,050 shares of 6 1/2% Preferred, as described below,
were derived from the Swiss Bank's general funds.
"Item 4. Purpose of Transaction.
In March 1984, following consultation with counsel
which was conducting an inquiry into certain
acquisitions of the shares of Ampal, the Bank
determined that 212,709 shares of Class A Stock and
35,000 shares of 6 1/2% Preferred, which had been
acquired by an entity managed by the Swiss Bank for an
unidentified customer in a privately negotiated
transaction with a single seller in 1982, and which
were still being held by that entity because no
instructions concerning their disposition had been
received, should be purchased by the Swiss Bank for its
own account.
"Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 2,201,685 shares
of Class A Stock constituting 18.2% of the outstanding
amount of that class. It also owns beneficially 35,050
6 1/2% Preferred shares. Of these, 1,988,976 shares of
Class A Stock are owned by the Bank directly. 212,709
shares of Class A Stock and 35,050 6 1/2% are owned by
the Bank indirectly through the Swiss Bank.
The 6 1/2% Preferred is convertible into Class A Stock
of Ampal on the basis of 3 shares of Class A Stock for
each share of 6 1/2% Preferred. Under the beneficial
ownership rules of the Securities and Exchange
Commission, the Bank is deemed to be the beneficial
owner of 105,150 shares of Class A Stock of Ampal into
which the 6 1/2% Preferred owned by the Bank are
convertible. Such shares together with the 2,201,685
shares of Class A Stock presently owned beneficially by
the Bank would constitute 18.9% of the Class A Stock
outstanding as of April 27, 1984, after giving effect
to such conversion. The Bank intends to convert the
6 1/2% Preferred into Class A Stock.
On March 28, 1984, the Swiss Bank purchased 212,709
shares of Class A Stock, at a price of $2.25 per share,
and 35,050 shares of 6 1/2% Preferred, at a price of
$6.75 per share, from one seller."
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.
Dated: July , 1984
BANK HAPOALIM B.M.
By /s/ Amnon Carmi
Amnon Carmi, Acting Secretary
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 9)
Under the Securities Exchange Act of 1934
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
03215 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Secretary
Bank Hapoalim B.M.
50 Rothschild Blvd.
Tel-Aviv, Israel
Tel: 972-3-62811
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No.
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bank Hapoalim B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 2,306,835
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 2,306,835
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,306,835
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.8
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This amends a Schedule 13D, dated December 13, 1978, with respect to the
Class A Stock of Ampal-American Israel Corporation ("Ampal") previously
amended by Amendment No. 1 dated December 29, 1980, Amendment No. 2 dated
October 27, 1981, Amendment No. 3 dated January 12, 1982, Amendment No. 4
dated July 13, 1982, Amendment No. 5 dated November 16, 1982, Amendment No.
6 dated January 18, 1983, Amendment No. 7 dated April 9, 1984 and Amendment
No. 8 dated July 18, 1984.
Item 3. Source and Amount of Funds
and Other Consideration
The funds used by Bank Hapoalim B.M. (the "Bank") to purchase the 212,709
shares of Class A Stock and 35,050 shares of 6 1/2% Cumulative Convertible
Preferred Stock ("6 1/2% Preferred"), as described below, were derived from
the Bank's general funds.
Item 4. Purpose of Transaction
In order to consolidate in one entity its beneficial holdings of stock in
Ampal, the Bank purchased 212,709 shares of Class A Stock and 35,050 shares
of 6 1/2% Preferred previously held indirectly through its 99.7% owned
subsidiary Bank Hapoalim (Switzerland) Ltd. (the "Swiss Bank").
Item 5. Interest in Securities of the Issuer
The Bank presently owns beneficially 2,201,685 shares of Class A Stock
constituting 17.2% of the outstanding amount of that class. It also owns
beneficially 35,050 6 1/2% Preferred Shares. The 6 1/2% Preferred is
convertible into Class A Stock of Ampal on the basis of 3 shares of Class A
Stock for each share of 6 1/2% Preferred. Accordingly, the Bank is deemed
to be the beneficial owner of the 105,150 shares of Class A Stock of Ampal
into which the 6 1/2% Preferred owned by the Bank are convertible. Such
shares, together with the 2,201,685 shares of Class A Stock presently owned
beneficially by the Bank, would constitute 17.8% of the Class A stock
outstanding as of March 1, 1985, after giving effect to such conversion.
The Bank intends to convert the 6 1/2% Preferred into Class A Stock as soon
as practicable.
On April 9, 1985, the Bank purchased from the Swiss Bank 212,709 shares of
Class A Stock, at a price of $3.125 per share, and 35,050 shares of 6 1/2%
Preferred, at a price of $9.75 per share.
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.
Dated: August 14, 1985
BANK HAPOALIM B.M.
/s/ Amnon Carmi
By: A. Carmi - Assistant Secretary of the Bank
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
03215 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Secretary,
Bank Hapoalim B.M.
50 Rothschild Blvd.
Tel-Aviv, Israel
Tel: 972-3-62811
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 17, 1986
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 03215 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bank Hapoalim B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 2,976,235
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 2,976,235
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,976,235
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
22.3%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This amends a Schedule 13D, dated December 13, 1978, with respect to the
Class A Stock ("Class A Stock") of Ampal-American Israel Corporation
("Ampal") previously amended by Amendment No. 1 dated December 29, 1980,
Amendment No. 2 dated October 27, 1981, Amendment No. 3 dated January 12,
1982, Amendment No. 4 dated July 13, 1982, Amendment No. 5 dated November
16, 1982, Amendment No. 6 dated January 18, 1983, Amendment No. 7 dated
April 9, 1984, Amendment No. 8 dated July 18, 1984 and Amendment No. 9
dated August 14, 1985.
Item 3. Source and Amount of Funds
and Other Consideration
On December 17, 1986, Bank Hapoalim B.M. (the "Bank") purchased 444,100
shares of Class A Stock from First Investors International Securities Fund,
Inc. and 225,300 shares of Class A Stock from First Investors Discovery
Fund, Inc. These 669,400 shares of Class A Stock were purchased for an
aggregate price of $1,129,612.50, representing a price of $1-11/16 per
share. The funds used by the Bank to purchase such 669,400 shares of Class
A Stock were derived from the Bank's general funds.
Item 4. Purpose of Transaction
The Bank purchased such 669,400 shares of Class A Stock in order to
increase its equity investment in Ampal.
Item 5. Interest in Securities of the Issuer
The Bank presently owns beneficially 2,976,235 shares of Class A Stock
constituting 22.3% of the outstanding amount of that class (based on the
number of shares of Class A Stock outstanding as of October 31, 1986).
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete
and correct.
Dated: December 23, 1986
BANK HAPOALIM B.M.
By: /s/ Rony Brison
Rony Brison, Executive Vice President
By: /s/ Eyal Desheh
Eyal Desheh, Vice President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 11)
Under the Securities Exchange Act of 1934
AMPAL-AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
CLASS "A" STOCK
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
H. Krupsky, Secretary
Bank Hapoalim B.M.
50 Rothschild Blvd.
Tel-Aviv, Israel
Tel: 972-3-673333
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 10, 1987
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M. Tax I.D. #13-2775750
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 3,974,685 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 3,974,685 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,974,685 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
29.2%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This amends a Schedule 13D, dated December 13, 1978, with respect to the
Class A Stock ("Class A Stock") of Ampal-American Israel Corporation
("Ampal") previously amended by Amendment No. 1 dated December 29, 1980,
Amendment No. 2 dated October 27, 1981, Amendment No. 3 dated January 12,
1982, Amendment No. 4 dated July 13, 1982, Amendment No. 5 dated November
16, 1982, Amendment No. 6 dated January 18, 1983, Amendment No. 7 dated
April 9, 1984, Amendment No. 8 dated July 18, 1984, Amendment No. 9 dated
August 14, 1985 and Amendment No. 10 dated December 17, 1986.
Item 3. Source and Amount of Funds
and Other Consideration
On July 10, 1987, Bank Hapoalim B.M. (the "Bank") purchased 998,450 shares
of Class A Stock from Ermonex Ltd. These 998,450 shares of Class A Stock
were purchased for an aggregate price of $2,196,590, representing a price
of $2.20 per share. In addition to the acquisition of the Class A Stock
described herein, on July 14, 1987 the Bank purchased 363,400 shares of
Ampal's Common Stock from Ermonex Ltd. at an aggregate purchase price of
$799,480, or $2.20 per share. The funds used by the Bank to purchase such
998,450 shares of Class A Stock and the 363,400 shares of Common Stock were
derived from the Bank's general funds.
Item 4. Purpose of Transaction
The Bank purchased such 998,450 shares of Class A Stock and 363,450 shares
of Common Stock in order to increase its equity investment in Ampal.
Item 5. Interest in Securities of the Issuer
The Bank presently owns beneficially 3,974,685 shares of Class A Stock
constituting 29.2% of the outstanding amount of that class and 2,636,600
shares of Common Stock, constituting 87.9% of the outstanding Common Stock
(based on the number of shares of Class A Stock and Common Stock
outstanding as of June 30, 1987).
The transactions referred to above were privately negotiated with a single
seller.
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete
and correct.
Dated: July 16, 1987
BANK HAPOALIM B.M.
By: /s/ Rony Brison
Rony Brison, Executive Vice President
By: /s/ Jacob Elinav
Jacob Elinav, Executive Vice President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12)
AMPAL - AMERICAN ISRAEL CORPORATION
_____________________________________________________________
(Name of Issuer)
Class A Stock
_____________________________________________________________
(Title of Class and Securities)
032015 10 9
_____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 5, 1990
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 3,975,185 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 3,975,185 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,975,185 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
27.7
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 12 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 11 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Items 3, 4,
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
On January 5, 1990, the Bank purchased 500 shares of Class A
Stock in the open market for an aggregate purchase price of $937.50, or
$1.875 per share. The funds used by the Bank to purchase such 500 shares
of Class A Stock were obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
In Amendment No. 1 to the Schedule 13D to which this Amendment
relates, the Bank disclosed a program of purchasing shares of Class A Stock
of Ampal from time to time. Since the date of such Amendment No. 1, the
Bank has made several purchases of shares of Class A Stock which have been
disclosed in previous amendments to the original Schedule 13D.
As a result of the Bank's review of its ownership of Ampal
securities and the alternatives that may be available to it in connection
therewith, the Bank currently intends, subject to market conditions and
other circumstances it may deem relevant, to acquire additional shares of
Class A Stock or other securities of Ampal in the open market, in private
transactions or otherwise.
Pursuant to Israeli law, the acquisition of additional Ampal
securities is subject to the prior approval of the Bank of Israel. The
Bank has obtained the approval, subject to certain terms and conditions, of
the Controller of Foreign Exchange at the Bank of Israel to acquire
additional Ampal securities for an aggregate price of up to $15 million.
Although the Bank has no present intention to do so, the Bank may
decide in the future to sell or otherwise dispose of all or part of the
Class A Stock or other Ampal securities it owns in the open market, in
private transactions or otherwise, depending on, among other things, market
conditions and other circumstances it may deem relevant.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 3,975,185 shares of Class A
Stock constituting 27.7% of the outstanding shares of Class A Stock (based
on the number of outstanding shares of Class A Stock on October 31, 1989,
as reported by Ampal in its report on Form 10-Q for the quarterly period
ended September 30, 1989).
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
Dated: January 9, 1990 By: /s/ Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 13)
AMPAL - AMERICAN ISRAEL CORPORATION
_____________________________________________________________
(Name of Issuer)
Class A Stock
_____________________________________________________________
(Title of Class and Securities)
032015 10 9
_____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 17, 1990
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 4,175,485 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 4,175,485 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,175,485 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
29.1
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 13 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 12 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Items 3 and 5
of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Since January 9, 1990, the date on which the Bank made its most
recent filing on Schedule 13D, the Bank has made the following open market
purchases of shares of Class A Stock:
Number of Class A Price Per
Date Shares Purchased Share in $U.S.**
1.10.90 28,000 2.25
13,500 2.375
8,600 2.125
21,700 2.50
6,000 2.625
9,000 2.1806
1.12.90 10,000 2.25
5,000 2.125
1.15.90 10,000 2.25
1.16.90 1,500 2.125
1.17.90 38,700 2.50
20,000 2.375
1.18.90 18,300 2.50
1.19.90 10,000 2.50
______________________
** Exclusive of brokerage commissions.
The funds used by the Bank to make all the above purchases were
obtained from the Bank's general funds.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 4,175,485 shares of Class A
Stock constituting 29.1% of the outstanding shares of Class A Stock (based
on the number of outstanding shares of Class A Stock on October 31, 1989,
as reported by Ampal in its report on Form 10-Q for the quarterly period
ended September 30, 1989).
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
Dated: January 22, 1990 By: /s/ Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 14)
AMPAL - AMERICAN ISRAEL CORPORATION
_____________________________________________________________
(Name of Issuer)
Class A Stock
_____________________________________________________________
(Title of Class and Securities)
032015 10 9
_____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 21, 1990
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 4,582,533 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 4,582,533 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,582,533 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
31.98
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 14 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 13 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Since January 22, 1990, the date on which the Bank made its most
recent filing on Schedule 13D, the Bank has made the following purchases of
shares of Class A Stock:
Number of Class Price Per
A Shares Share in Method
Date Purchased $U.S.* of Purchase
1.26.90 26,400 2.50 Open market
1,600 2.375 Open market
1.29.90 40,000 2.50 Open market
2.21.90 180,000 2.375 Open market
119,048 2.375 Private purchase
2.23.90 40,000 2.375 Private purchase
___________________
* Exclusive of brokerage commissions.
The funds used by the Bank to make all the above purchases were
obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
The shares of Class A Stock purchased by the Bank since its
filing of Amendment No. 12 to the Schedule 13D were purchased to increase
the Bank's equity investment in Ampal.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 4,582,533 shares of Class A
Stock constituting 31.98% of the outstanding shares of Class A Stock (based
on the number of outstanding shares of Class A Stock on October 31, 1989,
as reported by Ampal in its report on Form 10-Q for the quarterly period
ended September 30, 1989).
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
Dated: February 23, 1990 By: /s/ Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 15)
AMPAL - AMERICAN ISRAEL CORPORATION
_____________________________________________________________
(Name of Issuer)
Class A Stock
_____________________________________________________________
(Title of Class and Securities)
032015 10 9
_____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 9, 1990
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ()
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 4,622,533 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 4,622,533 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,622,533 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
32.26
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 15 to the Schedule 13D, which was originally filed with
the Securities and Exchange Commission on December 7, 1978 as thereafter
amended by amendments numbers 1 through 14 thereto (the "Schedule 13D") by
Bank Hapoalim B.M. (the "Bank"), relating to the shares of Class A Stock
("Class A Stock") of Ampal-American Israel Corporation, a New York
corporation ("Ampal"), hereby amends and supplements Items 3, 4 and 5 of
the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Since February 26, 1990, the date on which the Bank made its most
recent filing on Schedule 13D, the Bank has made the following purchase of
shares of Class A Stock:
Number of Class Price Per
A Shares Share Method
Date Purchased in $U.S.* of Purchase
2-28-90 40,000 2.375 Open market
____________________
* Exclusive of brokerage commissions.
The funds used by the Bank to make the above purchase were
obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
The shares of Class A Stock purchased by the Bank since its
filing of Amendment No. 14 to the Schedule 13D were purchased to increase
the Bank's equity investment in Ampal.
The Bank intends to propose to Ampal a transaction whereby the
loan portfolios of Industrial Bank Ltd., Nir Ltd. and Israel Ampal
Industrial Development Bank Ltd., all of which are Israeli subsidiaries of
Ampal (the "Subsidiaries"), will be transferred to the Bank pursuant to
terms and subject to conditions to be agreed upon. The Subsidiaries are
engaged primarily in making long-term secured development loans to
industrial, agricultural and contracting enterprises in Israel. There can
be no assurance that any such transaction will occur.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 4,622,533 shares of Class A
Stock constituting 32.26% of the outstanding shares of Class A Stock (based
on the number of outstanding shares of Class A Stock on October 31, 1989,
as reported by Ampal in its report on Form 10-Q for the quarterly period
ended September 30, 1989).
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
Dated: March 9, 1990 By: /s/ Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 16)
AMPAL - AMERICAN ISRAEL CORPORATION
_____________________________________________________________
(Name of Issuer)
Class A Stock
_____________________________________________________________
(Title of Class and Securities)
032015 10 9
_____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 4, 1990
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 4,920,133 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 4,920,133 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,920,133 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
34.24%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 16 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 15 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Since March 9, 1990, the date on which the Bank made its most
recent filing on Schedule 13D, the Bank has made the following purchases of
shares of Class A Stock:
Number of Price Per
Class A Shares Share Method
Date Purchased in $U.S. of Purchase
4.2.90 15,000 2.375* Open Market
4.3.90 15,000 2.25* Open Market
4.4.90 231,900 2.50** Private Purchase
4.5.90 15,000 2.375* Open Market
4.9.90 15,000 2.25* Open Market
4.18.90 500 2.125* Open Market
4.19.90 6,100 2.125* Open Market
______________________
* Exclusive of brokerage commissions.
** No brokerage commissions were paid with respect to this purchase.
The funds used by the Bank to make the above purchases were
obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
The shares of Class A Stock purchased by the Bank since its
filing of Amendment No. 15 to the Schedule 13D were purchased to increase
the Bank's equity investment in Ampal.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 4,920,133 shares of Class A
Stock constituting 34.24% of the outstanding shares of Class A Stock (based
on the number of outstanding shares of Class A Stock as of March 1, 1990,
as reported by Ampal in its report on Form 10-K for the fiscal year ended
December 31, 1989).
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
Dated: April 20, 1990 By: /s/ Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 17)
AMPAL - AMERICAN ISRAEL CORPORATION
_____________________________________________________________
(Name of Issuer)
Class A Stock
_____________________________________________________________
(Title of Class and Securities)
032015 10 9
_____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 28, 1990
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 5,056,633 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 5,056,633 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,056,633 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
35.14%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 17 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 16 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Since April 20, 1990, the date on which the Bank made its most
recent filing on Schedule 13D, the Bank has made the following purchases of
shares of Class A Stock:
Number of Class A Price Per Method
Date Shares Purchased Share in $U.S.* of Purchase
4.23.90 18,400 2.125 Open Market
4.30.90 75,000 2.125 Open Market
5.09.90 3,400 2.0 Open Market
5.10.90 1,000 2.0 Open Market
5.11.90 200 2.0 Open Market
5.14.90 3,500 2.0 Open Market
5.15.90 3,300 2.0 Open Market
5.16.90 2,800 2.0 Open Market
5.17.90 12,500 2.0 Open Market
5.18.90 4,600 2.0 Open Market
5.21.90 1,600 2.0 Open Market
5.22.90 6,600 2.0 Open Market
5.23.90 600 2.0 Open Market
5.24.90 2,100 2.0 Open Market
_______________________
* Exclusive of brokerage commissions.
The funds used by the Bank to make the above purchases were
obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
The shares of Class A Stock purchased by the Bank since its
filing of Amendment No. 16 to the Schedule 13D were purchased to increase
the Bank's equity investment in Ampal.
On June 28, 1990 the Bank offered to acquire substantially all of
the loan portfolios of Industrial Bank Ltd., Nir Ltd. and Israel Ampal
Industrial Development Bank Ltd., all of which are Israeli subsidiaries of
Ampal.
A copy of the Bank's offer is filed herewith as Exhibit A, which
is incorporated herein by reference.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 5,056,633 shares of Class A
Stock constituting 35.14% of the outstanding shares of Class A Stock (based
on the number of outstanding shares of Class A Stock as of April 26, 1990,
as reported by Ampal in its Proxy Statement for the Annual Meeting of
Shareholders, dated April 30, 1990).
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
Dated: June 28, 1990 By: /s/ Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice President
Exhibit Description Sequentially
Numbered Page
A Letter dated June 28, 1990 from
the Bank to Ampal and the
Subsidiaries 8
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 18)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 15, 1990
_____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 5,185,858 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 5,185,858 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,185,858 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
36.03%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 18 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 17 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Since June 29, 1990, the date on which the Bank made its most
recent filing on Schedule 13D, the Bank has made the following purchases of
shares of Class A Stock:
Number of Shares
of Class A Price Per Method
Date Stock Purchased Share in $U.S.** of Purchase
7.09.90 500 1.75 Open Market
7.10.90 76,725 1.875 Private Purchase
7.10.90 1,000 1.75 Open Market
7.11.90 1,700 1.75 Open Market
7.12.90 5,500 1.75 Open Market
7.13.90 6,300 1.75 Open Market
7.16.90 37,500 1.75 Open Market
___________________
** Exclusive of brokerage commissions.
The funds used by the Bank to make the above purchases were
obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
The shares of Class A Stock purchased by the Bank since its
filing of Amendment No. 17 to the Schedule 13D were purchased to increase
the Bank's equity investment in Ampal.
On June 28, 1990 the Bank offered to acquire substantially all of
the loan portfolios of Industrial Bank Ltd., Nir Ltd. and Israel Ampal
Industrial Development Bank Ltd. (collectively the "Subsidiaries"), all of
which are Israeli subsidiaries of Ampal (the "Offer"). A copy of the
Offer, which was subject to, among other conditions, the approval of the
Board of Directors of the Bank, was filed as Exhibit A to Amendment No. 17
of the Schedule 13D.
The Offer was approved by the Bank's Board of Directors on July
15, 1990. The Bank has also been advised that the transaction proposed in
the Offer was reviewed and found to be fair by independent board committees
(consisting of persons not affiliated with the Bank) of Ampal and each of
the Subsidiaries and has been approved by the Boards of Directors of each
of the Subsidiaries.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 5,185,858 shares of Class A
Stock constituting 36.03% of the outstanding shares of Class A Stock (based
on the number of outstanding shares of Class A Stock as of April 26, 1990,
as reported by Ampal in its Proxy Statement for the Annual Meeting of
Shareholders, dated April 30, 1990).
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
DATED: July 17, 1990 By: /s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 19)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 14, 1990
_____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 5,322,758 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 5,322,758 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,322,758 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
36.98%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 19 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 18 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Since July 17, 1990, the date on which the Bank made its most
recent filing on Schedule 13D, the Bank has made the following purchases on
shares of Class A stock:
Number of Shares
of Class A Price Per Method
Date Stock Purchased Share in $U.S.* of Purchase
7.17.90 300 1.75 Open Market
7.18.90 9,000 1.75 Open Market
7.19.90 400 1.75 Open Market
7.20.90 8,800 1.75 Open Market
7.23.90 2,500 1.75 Open Market
7.24.90 1,300 1.75 Open Market
7.25.90 2,700 1.75 Open Market
7.30.90 1,500 1.75 Open Market
8.02.90 17,000 1.75 Open Market
8.03.90 25,200 1.75 Open Market
8.06.90 30,100 1.75 Open Market
8.07.90 15,000 1.75 Open Market
8.07.90 3,500 1.625 Open Market
8.08.90 1,000 1.75 Open Market
8.10.90 3,400 1.75 Open Market
8.13.90 1,900 1.75 Open Market
8.14.90 13,300 1.75 Open Market
____________________
* Exclusive of brokerage commissions.
The funds used by the Bank to make the above purchases were
obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
The shares of Class A Stock purchased by the Bank since its
filing of Amendment No. 18 to the Schedule 13D were purchased to increase
the Bank's equity investment in Ampal.
On June 28, 1990 the Bank offered to acquire substantially all of
the loan portfolios of Industrial Bank Ltd., Nir Ltd. and Israel Ampal
Industrial Development Bank Ltd., all of which are Israeli subsidiaries of
Ampal (the "Offer"). A copy of the Offer was filed as Exhibit A to
Amendment No. 17 of the Schedule 13D.
Definitive agreements with respect to the above-mentioned
transactions were signed on August 14, 1990. Copies of the definitive
agreements are filed herewith as Exhibit A.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 5,322,758 shares of Class A
Stock constituting 36.98% of the outstanding shares of Class A Stock (based
on the number of outstanding shares of Class A Stock as of April 26, 1990,
as reported by Ampal in its Proxy Statement for the Annual Meeting of
Shareholders, dated April 30, 1990).
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
DATED: August 4, 1990 By:/s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice
President
Exhibit Description Sequentially
Numbered Page
A Definitive agreements
dated August 14, 1990 8
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 20)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 12, 1990
_____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 5,470,658 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 5,470,658 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,470,658 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
38.01%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 20 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 19 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Since August 16, 1990, the date on which the Bank made its most
recent filing on Schedule 13D, the Bank has made the following purchases on
shares of Class A stock:
Number of Shares
of Class A Price Per Method
Date Stock Purchased Share in $U.S.* of Purchase
8.15.90 6,000 1.75 Open Market
8.16.90 600 1.75 Open Market
8.20.90 500 1.625 Open Market
8.21.90 34,800 1.625 Open Market
8.22.90 59,500 1.625 Open Market
8.23.90 5,200 1.625 Open Market
8.23.90 800 1.50 Open Market
8.27.90 800 1.50 Open Market
8.28.90 1,300 1.50 Open Market
8.30.90 3,900 1.50 Open Market
9.12.90 5,400 1.50 Open Market
9.14.90 2,000 1.375 Open Market
9.19.90 2,000 1.375 Open Market
9.21.90 4,200 1.375 Open Market
9.24.90 500 1.375 Open Market
9.25.90 600 1.375 Open Market
9.27.90 1,700 1.375 Open Market
9.28.90 500 1.375 Open Market
10.11.90 2,000 1.375 Open Market
10.12.90 15,000 1.50 Open Market
10.12.90 100 1.375 Open Market
10.15.90 500 1.375 Open Market
_________________
* Exclusive of brokerage commission.
The funds used by the Bank to make the above purchases were
obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
The shares of Class A Stock purchased by the Bank since its
filing of Amendment No. 19 to the Schedule 13D were purchased to increase
the Bank's equity investment in Ampal.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 5,470,658 shares of Class A
Stock constituting 38.01% of the outstanding shares of Class A Stock (based
on the number of outstanding shares of Class A Stock as of April 26, 1990,
as reported by Ampal in its Proxy Statement for the Annual Meeting of
Shareholders, dated April 30, 1990).
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
Dated: October 16, 1990 By:/s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice
President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 21)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 6, 1990
_____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 5,628,058 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 5,628,058 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,628,058 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
39.08%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 21 to the Schedule 13D,
which was originally filed with the Securities and
Exchange Commission on December 7, 1978 as thereafter
amended by amendments numbers 1 through 20 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"),
relating to the shares of Class A Stock ("Class A Stock")
of Ampal-American Israel Corporation, a New York
corporation ("Ampal"), hereby amends and supplements
Items 3, 4 and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other
Consideration.
The Bank has made the following purchases of
shares of Class A Stock:
Number of Shares
of Class A Price Per Method
Date Stock Purchased Share in $U.S.* of Purchase
7. 5.90 4,000 1.75 Open Market
10.16.90 3,000 1.50 Open Market
10.17.90 45,000 1.50 Open Market
10.19.90 3,000 1.625 Open Market
10.23.90 1,000 1.50 Open Market
10.25.90 500 1.50 Open Market
10.25.90** 9,000** 1.583** Open Market
10.26.90** 10,500** 1.667** Open Market
10.26.90 6,400 1.75 Open Market
10.26.90 100 1.625 Open Market
10.31.90** 6,000** 1.75** Open Market
11. 1.90 1,000 1.875 Open Market
11. 1.90 18,700 2.00 Open Market
11. 5.90 7,000 2.00 Open Market
11. 6.90 1,000 2.00 Open Market
11. 6.90 24,600 2.125 Open Market
11. 6.90 16,600 2.25 Open Market
________________
* Exclusive of brokerage commission.
** These shares were received as a result of the
conversion of 6 1/2% Cumulative Convertible Preferred
Stock (the "Preferred Stock") purchased by the Bank.
The date of purchase is the date on which the Bank
purchased the Preferred Stock, and the Price Per
Share has been calculated by dividing by three (the
conversion ratio of the Preferred Stock) the price
paid for shares of Preferred Stock.
The funds used by the Bank to make the above
purchases were obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
The shares of Class A Stock purchased by the
Bank were purchased to increase the Bank's equity
investment in Ampal.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 5,628,058
shares of Class A Stock constituting 39.08% of the
outstanding shares of Class A Stock (based on the number
of outstanding shares of Class A Stock as of July 31,
1990, as reported by Ampal in its Form 10-Q for the
quarter ended June 30, 1990).
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
BANK HAPOALIM B.M.
Dated: November 8, 1990 By:/s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice
President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 22)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 19, 1990
_____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 5,693,358 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 5,693,358 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,693,358 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
38.99%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 22 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 21 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
The Bank has made the following purchases of shares of Ampal:
Number of Shares
of Class A Price Per Method
Date Stock Purchased Share in $U.S.* of Purchase
11. 8.90 20,500 2.00 Open Market
11. 9.90 1,900 2.00 Open Market
11.12.90 1,000 1.875 Open Market
11.14.90 3,700 1.875 Open Market
11.15.90 20,500 2.00 Open Market
11.15.90 1,000 1.875 Open Market
11.16.90 2,700 1.875 Open Market
11.20.90 6,500 1.875 Open Market
_________________
* Exclusive of brokerage commission.
Number of Shares
of 6 1/2% Cumulative
Convertible Price Per Method
Date Preferred Stock* Share in $U.S.* of Purchase
11.15.90 2,500 6.00 Open Market
The funds used by the Bank to make the above purchases were
obtained from the Bank's general funds.
Item 4. Purpose of Transaction.
The shares of Ampal purchased by the Bank were purchased to
increase the Bank's equity investment in Ampal.
In response to Ampal's request, the Bank, through a wholly owned
subsidiary, made a proposal to Ampal to purchase Class A shares with an
aggregate par value of NIS 35,966 and Class B shares with an aggregate par
value of NIS 92.47 of Delek, The Israel Fuel Corporation Ltd. ("Delek"),
representing in the aggregate approximately 13.5% of the voting power of
Delek and less than 0.003% of the equity rights in Delek, in consideration
for $2,344,000. In addition, under certain conditions, such consideration
may be increased by $150,000. The proposal is valid for 30 days.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 5,693,358** shares of Class
A Stock constituting 38.99%* of the outstanding shares of Class A Stock
(based on the number of outstanding shares of Class A Stock as of October
31, 1990, as reported by Ampal in its Form 10-Q for the quarter ended
September 30, 1990).
_________________________
* The Bank has taken all necessary steps to convert the
2,500 shares of 6 1/2% Cumulative Convertible Preferred
Stock (the "Preferred Stock") into Class A Stock.
Each share of the Preferred Stock is convertible into
three shares of Class A Stock.
** Assuming conversion of the 2,500 6 1/2% Cumulative
Convertible Preferred Stock.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
Dated: November 27, 1990 By:/s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice
President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 23)
AMPAL - AMERICAN ISRAEL CORPORATION
_______________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 23, 1991
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 5,856,258 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 5,856,258 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,856,258 shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
39.99%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 23 to the Schedule 13D, which was
originally filed with the Securities and Exchange Commission on
December 7, 1978 as thereafter amended by amendments numbers 1
through 22 thereto (the "Schedule 13D") by Bank Hapoalim B.M.
(the "Bank"), relating to the shares of Class A Stock ("Class A
Stock") of Ampal-American Israel Corporation, a New York
corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
The Bank has made the following purchases of shares of
Ampal:
Number of Shares
of Class A Price Per Method
Date Stock Purchased Share in $U.S.* of Purchase
11.28.90 7,500 2.00 Conversion**
11.29.90 13,800 1.625 Open Market
11.30.90 11,100 1.625 Open Market
12. 3.90 100 1.625 Open Market
12. 4.90 3,400 1.625 Open Market
12. 5.90 400 1.625 Open Market
12. 6.90 1,200 1.625 Open Market
12.11.90 10,000 1.750 Open Market
12.17.90 1,300 1.625 Open Market
12.18.90 1,000 1.625 Open Market
12.19.90 6,500 1.625 Open Market
12.21.90 300 1.625 Open Market
12.24.90 1,000 1.625 Open Market
12.26.90 1,400 1.625 Open Market
12.27.90 1,900 1.625 Open Market
12.28.90 10,700 1.625 Open Market
12.28.90 10,000 1.750 Open Market
12.31.90 6,900 1.625 Open Market
1. 2.91 100 1.625 Open Market
1. 9.91 1,000 1.625 Open Market
1.11.91 4,300 1.625 Open Market
1.14.91 13,600 1.625 Open Market
1.15.91 900 1.625 Open Market
1.16.91 19,500 1.625 Open Market
1.17.91 200 1.625 Open Market
1.21.91 300 1.625 Open Market
________________
* Exclusive of brokerage commissions.
** By conversion of 2,500 6 1/2 Cumulative Convertible Preferred
Stock ("Preferred Stock") that were purchased on November
15, 1990.
Number of Shares
of 6 1/2% Cumulative
Convertible Price Per Method
Date Preferred Stock** Share in $U.S.* of Purchase
1. 7.91 2,000 5.25 Open Market
1.14.91 10,000 5.25 Open Market
1.23.91 2,000 5.25 Open Market
The funds used by the Bank to make the above purchases
were obtained from the Bank's general funds.
_______________
* Exclusive of brokerage commissions.
** The Bank has taken all necessary steps to convert the 14,000
shares of Preferred Stock into Class A Stock. Each share of
the Preferred Stock is convertible into three shares of
Class A Stock.
Item 4. Purpose of Transaction
The shares of Ampal purchased by the Bank were
purchased to increase the Bank's equity investment in Ampal.
The Bank, through a wholly owned subsidiary, purchased
the shares of Delek The Israel Fuel Corporation Ltd. owned by
Ampal for U.S. $2,575,874.
Item 5. Interest in Securities of the Issuer.
The Bank presently owns beneficially 5,856,258* shares
of Class A Stock constituting 39.99%* of the outstanding shares
of Class A Stock (based on the number of outstanding shares of
Class A Stock as of October 31, 1990, as reported by Ampal in its
Form 10-Q for the quarter ended September 30, 1990).
_______________
* Assuming conversion of the 14,000 shares of Preferred Stock,
referred to in Item 3 hereof.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete and
correct.
BANK HAPOALIM B.M.
Dated: January 25, 1991 /s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice
President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 24)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
APRIL 24, 1991
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 6,189,008 shares
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 6,189,008 shares
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,189,008
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
42.1%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 24 to the Schedule 13D, which was
originally filed with the Securities and Exchange Commission on
December 7, 1978 as thereafter amended by amendments numbers 1
through 23 thereto (the "Schedule 13D") by Bank Hapoalim B.M.
(the "Bank"), relating to the shares of Class A Stock ("Class A
Stock") of Ampal-American Israel Corporation, a New York
corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
The Bank has made the following purchases of shares of
Ampal:
Number of Shares
of Class A Price Per Method
Date Stock Purchased Share in $U.S.* of Purchase
1/25/91 36,000 -- Conversion**
1/25/91 500 1.625 Open Market
1/28/91 1,500 1.625 Open Market
1/29/91 1,000 1.625 Open Market
1/29/91 30,000 1.75 Open Market
1/31/91 200 1.625 Open Market
2/ 1/91 400 1.625 Open Market
2/ 5/91 1,500 1.750 Open Market
2/ 6/91 200 1.625 Open Market
2/ 8/91 100 1.625 Open Market
2/11/91 700 1.625 Open Market
2/14/91 200 1.625 Open Market
2/19/91 500 1.625 Open Market
2/20/91 2,800 1.75 Open Market
2/21/91 5,700 1.75 Open Market
2/22/91 500 1.75 Open Market
2/26/91 3,400 1.75 Open Market
2/28/91 2,000 1.75 Open Market
3/ 1/91 1,000 1.75 Open Market
3/ 6/91 600 1.75 Open Market
3/ 8/91 7,200 1.75 Open Market
3/11/91 1,000 1.75 Open Market
3/12/91 2,400 1.75 Open Market
3/19/91 400 1.75 Open Market
3/20/91 400 1.75 Open Market
3/21/91 4,200 1.75 Open Market
3/21/91 13,500 -- Conversion***
3/22/91 5,500 1.75 Open Market
3/25/91 600 1.75 Open Market
3/26/91 900 1.75 Open Market
3/27/91 1,200 1.75 Open Market
4/ 2/91 6,500 1.75 Open Market
4/ 3/91 1,500 1.75 Open Market
4/ 3/91 10,000 2.00 Private
4/ 5/91 500 1.75 Open Market
4/ 8/91 800 1.75 Open Market
4/ 9/91 3,400 1.75 Open Market
4/12/91 100 1.75 Open Market
4/23/91 9,700 2.00 Open Market
4/23/91 10,000 2.125 Open Market
4/24/91 50,000 2.00 Open Market
4/25/91 200 2.00 Open Market
4/26/91 700 2.00 Open Market
4/29/91 7,600 2.00 Open Market
4/30/91 40,000 2.00 Open Market
5/ 1/91 1,000 2.25 Private
5/ 1/91 700 2.00 Open Market
5/ 1/91 10,000 2.125 Open Market
________________
* Exclusive of brokerage commissions.
** By conversion of 12,000 6 1/2 Cumulative Convertible Preferred
Stock ("Preferred Stock") that were purchased on January 7,
and January 14, 1991.
*** By conversion of 4500 6 1/2 Preferred Stock that were purchased
on January 23 and February 6, 1991.
Number of Shares
of 6 1/2 Cumulative
Convertible Price Per Method
Date Preferred Stock** Share in $U.S.* of Purchase
2/6/91 2,500*** 5.25 Open Market
5/1/91 26,400 6.75 Private
Number of Shares
of 4% Cumulative
Convertible Price Per Method
Date Preferred Stock**** Share in $U.S.* of Purchase
5/1/91 3,350 11.25 Private
The funds used by the Bank to make the above purchases
were obtained from the Bank's general funds.
_______________
* Exclusive of brokerage commissions.
** Each share of 6 1/2% Cumulative Convertible Preferred Stock is
convertible into 3 shares of Class A Stock.
*** Were converted to Class A Stock on March 21, 1991.
**** Each share of 4% Cumulative Convertible Preferred Stock is
convertible into 5 shares of Class A Stock.
Item 4. Purpose of Transaction
The shares of Ampal purchased by the Bank were
purchased to increase the Bank's equity investment in Ampal.
Item 5. Interest in Securities of the Issuer.*
The Bank presently owns beneficially 6,189,008 shares
of Class A Stock constituting 42.1% of the outstanding shares of
Class A Stock (based on the number of outstanding shares of Class
A Stock as of February 28, 1991, as reported by Ampal in its Form
10-K for the quarter ended December 1990).
_______________
* Assuming conversion of 6 1/2% and 4% Cumulative Convertible
Preferred Stock.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete and
correct.
BANK HAPOALIM B.M.
Dated: May 2, 1991 /s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice
President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 25)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yossef Ribak, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 28, 1991
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 7,112,736
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 7,112,736
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,112,736
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
48.3%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
This Amendment No. 25 to the Schedule 13D, which was
originally filed with the Securities and Exchange Commission on
December 7, 1978 as thereafter amended by amendments numbers 1
through 24 thereto (the "Schedule 13D") by Bank Hapoalim B.M.
(the "Bank"), relating to the shares of Class A Stock ("Class A
Stock") of Ampal-American Israel Corporation, a New York
Corporation ("Ampal"), hereby amends and supplements Items 3, 4
and 5 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
The Bank has made the following purchases of shares of
Ampal:
Number of Shares
of Class A Price Per Method
Date Stock Purchased Share in $U.S.* of Purchase
5/ 1/91 800 2.125 Open Market
5/ 7/91 7,700 2.75 Open Market
5/ 8/91 19,000 2.75 Open Market
5/28/91 357,928 3.00 Private Purchase
5/28/91 438,300 2.75 Private Purchase
5/30/91 100,000 2.75 Private Purchase
The funds used by the Bank to make the above purchases were
obtained from the Bank's general funds.
________________
* Exclusive of brokerage commissions.
Item 4. Purpose of Transaction
The shares of Ampal purchased by the Bank were
purchased to increase the Bank's equity investment in Ampal.
Item 5. Interest of Securities of the Issuer.
The Bank presently owns beneficially 7,112,736* shares
of Class A Stock constituting 48.3% of the outstanding shares of
Class A Stock (based on the number of outstanding shares of Class
A Stock as of April 30, 1991, as reported by Ampal in its Form
10-Q for the Quarter ended March 31, 1991).
_______________
* Assuming conversion of the Bank 6 1/2% and 4% Cumulative
Convertible Preferred Stock.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete and
correct.
BANK HAPOALIM B.M.
Dated: May 31, 1991 /s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice
President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 26)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Daphna Peli, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 28, 1991
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 10,489,994*
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 10,489,994*
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,489,994*
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
71.27%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
* Assuming the transaction described in Item 3 below is consummated.
This Amendment No. 26 to the Schedule 13D, which was
originally filed with the Securities and Exchange Commission on
December 7, 1978 as thereafter amended by amendments numbers 1
through 25 thereto (the "Schedule 13D") by Bank Hapoalim B.M.
(the "Bank"), relating to the shares of Class A Stock ("Class A
Stock") of Ampal-American Israel Corporation, a New York
corporation ("Ampal"), hereby amends and supplements Items 3, 4,
5 and 6 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
On June 28, 1991, CP Holding Limited agreed to sell to
the Bank the shares of Ampal owned by CP Holding Limited
consisting of 3,088,850* shares of Class A Stock and 96,136*
shares of 6 1/2% Cumulative Convertible Preferred Stock (the
"Preferred Stock"), at $3.00 per share of Class A Stock and $9.00
per share of the Preferred Stock. The funds to be used by the
Bank to make such purchases will be obtained from the Bank's
general funds. The Bank has obtained the requisite approval from
the Bank of Israel to consummate the purchases.
________________
* Assuming no purchases or sales were made since the end of
April 1991, the last month for which CP Holding Limited
filed a Form 4.
Item 4. Purpose of Transaction
The shares of Ampal purchased by the Bank will be
purchased to increase the Bank's equity investment in Ampal.
As a result of this transaction, it is expected that
Bernard D. Schreier and Gideon Schreier will not continue to
serve as directors of Ampal.
Item 5. Interest in Securities of the Issuer.
Assuming the transaction described in Item 3 above is
consummated, the Bank will own beneficially 10,489,994* shares of
Class A Stock constituting 71.27%* of the outstanding shares of
Class A Stock (based on the number of outstanding shares of Class
A Stock as of April 30, 1991, as reported by Ampal in its Form
10-Q for the quarter ended March 31, 1991).
Item 6. Contracts, Arrangements, Understanding of Relationships
with Respect to Securities of the Issuer.
See Item 3 above.
_______________
* Assuming conversion of the shares of 6 1/2% and 4%
Cumulative Convertible Preferred Stock owned by the Bank and
to be sold by CP Holding Limited.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete and
correct.
BANK HAPOALIM B.M.
Dated: July 1, 1991 /s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice
President
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 27)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Daphna Peli, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-673-420
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 24, 1991
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 10,501,991*
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 10,501,991*
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,501,991*
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
71.35%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
BK
_________________________________________________________________
* Assuming conversion of the shares of 6 1/2% and 4% Cumulative
Convertible Preferred Stock owned by the Bank.
This Amendment No. 27 to the Schedule 13D, which was
originally filed with the Securities and Exchange Commission on
December 7, 1978 as thereafter amended by amendments numbers 1
through 26 thereto (the "Schedule 13D") by Bank Hapoalim B.M.
(the "Bank"), relating to the shares of Class A Stock ("Class A
Stock") of Ampal-American Israel Corporation, a New York
corporation ("Ampal"), hereby amends and supplements Items 3, 4,
5, 6 and 7 of the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
On July 18, 1991, The Bank purchased 11,997 shares of
Class A Stock for $3 per share in a private purchase.
In addition, pursuant to an agreement between CP
Holdings Limited and the Bank, the transaction described in Item
3 of Amendment No. 26 to the Schedule 13D was consummated as a
private purchase on July 24, 1991 for an aggregate price of
$10,190,641 (including broker's commissions and interest). A
copy of such agreement is filed herewith as Exhibit A, which is
incorporated herein by reference.
The funds used by the Bank to make the above purchases
were obtained from the Bank's general funds.
Item 4. Purpose of Transaction
The shares of Ampal purchased by the Bank were
purchased to increase the Bank's equity investment in Ampal.
Pursuant to the agreement between CP Holdings Limited
and the Bank, Bernard D. Schreier and Gideon Schreier executed
letters of resignation as directors of Ampal.
Item 5. Interest in Securities of the Issuer.
The Bank presently beneficially owns 10,501,991* shares
of Class A Stock constituting 71.35%* of the outstanding shares
of Class A Stock (based on the number of outstanding shares of
Class A Stock as of April 30, 1991, as reported by Ampal in its
Form 10-Q for the quarter ended March 31, 1991).
_______________
* Assuming conversion of the shares of 6 1/2% and 4%
Cumulative Convertible Preferred Stock owned by the Bank.
Item 6. Contracts, Arrangements, Understanding of Relationships
with Respect to Securities of the Issuer.
See Items 3 and 4 above.
Item 7. Materials Filed as Exhibits
A copy of the Agreement referred to in Item 3 between
the Bank and CP Holdings Limited is filed herewith as Exhibit A.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete and
correct.
BANK HAPOALIM B.M.
Dated: July 26, 1991 By: /s/Alexander Yuhjtman
Name: Alexander Yuhjtman
Title: Executive Vice
President
Sequentially
Exhibit Description Numbered Page
A Agreement between CP 7
Holdings Limited and
the Bank
IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THIS
AMENDMENT IS BEING FILED IN PAPER PURSUANT
TO A CONTINUING HARDSHIP EXEMPTION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 28)
AMPAL - AMERICAN ISRAEL CORPORATION
____________________________________________________________
(Name of Issuer)
Class A Stock
____________________________________________________________
(Title of Class and Securities)
032015 10 9
____________________________________________________________
(CUSIP Number of Class of Securities)
Yoram Weissbrem, Secretary
BANK HAPOALIM B.M.
50 Rothschild Boulevard
Tel Aviv 61000, Israel
972-3-5673333
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 14, 1996
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 032015 10 9
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BANK HAPOALIM B.M.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAEL
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 10,500,991
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 10,500,991
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,500,991
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
50.4%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
BK
_________________________________________________________________
This Amendment No. 28 to the Schedule 13D, which was originally
filed with the Securities and Exchange Commission on December 7, 1978 as
thereafter amended by amendments numbers 1 through 27 thereto (the
"Schedule 13D") by Bank Hapoalim B.M. (the "Bank"), relating to the shares
of Class A Stock ("Class A Stock") of Ampal-American Israel Corporation, a
New York corporation ("Ampal"), hereby amends and supplements Item 4 of the
Schedule 13D.
Item 4. Purpose of Transaction
As previously disclosed by Ampal, The Bank is required under
Israeli law to reduce its holdings in Ampal to 25% by December 31, 1996.
Consistent with this requirement, the Bank has requested certain
parties to make proposals to acquire a portion of the Bank's holdings in
Ampal. It is contemplated that the Bank will propose a modification to the
terms of Ampal's shares of common stock, par value $1 per share (the
"Common Stock"), all of which are owned by the Bank, pursuant to which the
rights of the Common Stock will be equalized with those of the shares of
Class A Stock and the Bank will be compensated for the reduction in its
voting rights which would result from this modification.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
BANK HAPOALIM B.M.
By: /s/ Yacov Elinav
Name: Yacov Elinav
Title: Senior Deputy Managing Director
By: /s/ Nurit Raviv
Name: Nurit Raviv
Title: Advocate
Dated: January 14, 1996
