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OMB APPROVAL
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OMB Number: 3235-0145
Expires: December 31, 1997
Estimated average burden
hours per response 14.90
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ______________)*
SUMMIT DESIGN, INC.
- -------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK
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(TITLE OF CLASS OF SECURITIES)
86605V 10 1
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(CUSIP NUMBER)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing of this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("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).
Page 1 of 8 Pages
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CUSIP NO. 86605V 10 1 13G PAGE 2 OF 8 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCL TECHNOLOGIES LTD.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
ISRAEL
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 30,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
None
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 30,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
None
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
30,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
0.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 86605V 10 1 13G PAGE 3 OF 8 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCL HOLDING & INVESTMENTS IN TECHNOLOGY (1993) LTD.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
ISRAEL
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 2,025,680
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
None
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,025,680
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
None
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,025,680
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
15.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 4 of 8 Pages
ITEM 1.
(a) Name of Issuer
SUMMIT DESIGN, INC.
(b) Address of Issuer's Principal Executive Offices
9305 S.W. GEMINI DRIVE
BEAVERTON, OR 97008
ITEM 2.
(a) Name of Person Filing
DCL TECHNOLOGIES LTD.
DCL HOLDING & INVESTMENTS IN TECHNOLOGY (1993) LTD.
(b) Address of Principal Business Office or, if none, Residence
20 GALGALEY HAPLADA STREET
HERZLIA, ISRAEL 46722
(c) Citizenship
ISRAEL
(d) Title of Class of Securities
COMMON STOCK
(e) CUSIP Number
86605V 10 1
ITEM 3. NOT APPLICABLE
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned
DCL TECHNOLOGIES LTD.* 30,000
DCL HOLDING & INVESTMENTS IN TECHNOLOGY 2,025,680
(1993) LTD.*
(b) Percent of Class
DCL TECHNOLOGIES LTD.* 0.2%
DCL HOLDING & INVESTMENTS IN TECHNOLOGY 15.2%
(1993) LTD.*
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Page 5 of 8 Pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
DCL TECHNOLOGIES LTD.* 30,000
DCL HOLDING & INVESTMENTS IN TECHNOLOGY 2,025,680
(1993) LTD.*
(ii) shared power to vote or to direct the vote NONE
(iii) sole power to dispose or direct the disposition of
DCL TECHNOLOGIES LTD.* 30,000
DCL HOLDING & INVESTMENTS IN TECHNOLOGY 2,025,680
(1993) LTD.*
(iv) shared power to dispose or direct the disposition of NONE
* DCL HOLDING & INVESTMENTS IN TECHNOLOGY (1993) LTD. IS A WHOLLY-OWNED
SUBSIDIARY OF DCL TECHNOLOGIES LTD. AMIHAI BEN-DAVID, A DIRECTOR OF SUMMIT
DESIGN, INC., IS THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF DCL
TECHNOLOGIES LTD. AND OWNS MORE THAN 5% OF THE STOCK OF DCL TECHNOLOGIES
LTD. MR. BEN-DAVID IS ALSO A DIRECTOR AND THE CHIEF EXECUTIVE OFFICER OF
DCL HOLDING & INVESTMENTS IN TECHNOLOGY (1993) LTD.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
NOT APPLICABLE
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
NOT APPLICABLE
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
NOT APPLICABLE
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
NOT APPLICABLE
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Page 6 of 8 Pages
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
ITEM 10. CERTIFICATION
NOT APPLICABLE
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Page 7 of 8 Pages
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.
Dated: February 10, 1997
DCL TECHNOLOGIES LTD.
By: /s/ Amihai Ben-David
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Name: Amihai Ben-David
Title: Chairman and CEO
DCL HOLDING & INVESTMENTS IN
TECHNOLOGY (1993) LTD.
By: /s/ Amihai Ben-David
--------------------------------------------
Name: Amihai Ben-David
Title: CEO
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Page 8 of 8 Pages
EXHIBIT A
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AGREEMENT FOR JOINT FILING OF SCHEDULE 13G
THE UNDERSIGNED ENTITIES HEREBY agree to file with the Securities and
Exchange Commission a joint Schedule 13G on behalf of each of the undersigned
with respect to their ownership of shares of Common Stock of Summit Design,
Inc.
DCL TECHNOLOGIES LTD.
By: /s/ Amihai Ben-David
--------------------------------------------
Name: Amihai Ben-David
Title: Chairman and CEO
DCL HOLDING & INVESTMENTS IN
TECHNOLOGY (1993) LTD.
By: /s/ Amihai Ben-David
--------------------------------------------
Name: Amihai Ben-David
Title: CEO
