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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No. 2)*
RADA ELECTRONIC INDUSTRIES LIMITED
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(Name of Issuer)
Ordinary Shares, Par Value NIS .002 Per Share
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(Title of Class of Securities)
750115305
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(CUSIP Number)
Robert T. Burke
Mandel, Buder & Verges
101 Vallejo Street
San Francisco, CA 94111
(415) 781-4400
(Name, Address and Telephone Number Persons Authorized to Receive Notices and
Communications)
June 20, 1997
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(Date of Events 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 Schedule 13D, and is filing this
schedule because of Rule 13d-1(b) (3) or (4), check the following box [_].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* The remainder of this cover page should be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
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CUSIP NO. 750115305 PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Horsham Enterprises, Limited
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) or 2 (e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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SOLE VOTING POWER
7
NUMBER OF 1,614,215
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,614,215
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,614,215
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
16%
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TYPE OF REPORTING PERSON*
14
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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PAGE 3 OF 4 PAGES
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This statement amends Items 3 and 5 of the Statement on Schedule 13D filed
by Horsham Enterprises, Limited, a British Virgin Islands corporation
("Horsham") on June 12, 1997, as amended by a Schedule 13D (A-1) filed June 18,
1997 (collectively, the "Schedule 13D"), relating to the Ordinary Shares, par
value NIS .002 per share (the "Ordinary Shares"), of Rada Electronic Industries
Limited, an Israeli corporation ("Rada") by amending such items as set forth
below.
Item 3 of the Schedule 13D is amended and restated as follows:
"ITEM 3: SOURCE AND AMOUNT OF FUNDS
The source of funds for the purchases described in Item 5 below was working
capital."
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER of the Schedule 13D is amended
by adding the following to the disclosures already made under the indicated
subparagraphs in the Schedule 13D:
"(a) Horsham consummated its exercise of its option to acquire 1,398,000
Ordinary Shares from Kellstrom Industries, Inc. for $3,473,512 on June 30, 1997,
pursuant to the Stock Purchase Agreement and the Escrow Agreement previously
filed with the Schedule 13D. On June 20, 1997, Horsham deposited $500,000 with
Jeffries & Co. to purchase 216,215 Ordinary Shares on the open market. 129,729
Ordinary Shares were purchased on June 20, 1997, and 86,486 Ordinary Shares were
purchased on July 1, 1997 in open market transactions. Accordingly, from June
20, 1997 to July 1, 1997, Horsham beneficially owned approximately 15% of the
Ordinary Shares and from and after July 1, 1997, Horsham has beneficially owned
approximately 16% of the Ordinary Shares. Horsham has sole voting and
disposition power over all of these shares. Horsham is controlled by Howard
P.L. Yeung and Kenneth Yeung."
(b) "See Item 5(a) above."
(c) "See Item 5(a) above."
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PAGE 2 OF 4 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
July 25, 1997
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(Date)
HORSHAM ENTERPRISES, LIMITED
By: /s/ Roy K. C. Chan
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Roy K. C. Chan
Managing Director
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