Edgar Filing: APAX EUROPE IV GP CO LTD

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UNITED STATES OMB APPROVAL
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SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0145
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WASHINGTON, D.C. 20549 Expires: December 31, 2005
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Estimated average burden
hours per response. . . . 11
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SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4 )*

Compugen Ltd.
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(Name of Issuer)

Ordinary Shares, nominal value NIS 0.01 per Share
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(Title of Class of Securities)

M25722105
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(CUSIP Number)

December 31, 2003
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(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)

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* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior 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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CUSIP NO. M25722105 PAGE 2 of 9 PAGES
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1. NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Apax Israel GP Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ]
(b) [ ]
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3. SEC USE ONLY

--------- ----------------------------------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware
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5. SOLE VOTING POWER
0
NUMBER OF ---------- ---------------------------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY 151,695
OWNED BY ---------- ---------------------------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH ---------- ---------------------------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
151,695
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

151,695
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ]

--------- ----------------------------------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

0.6%
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12. TYPE OF REPORTING PERSON (See Instructions)

CO
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CUSIP NO. M25722105 PAGE 3 of 9 PAGES
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1. NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Apax Israel Partners II, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ]
(b) [ ]
--------- ----------------------------------------------------------------------------------------------------------
3. SEC USE ONLY

--------- ----------------------------------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION

--------- ----------------------------------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

0.6%
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12. TYPE OF REPORTING PERSON (See Instructions)

PN
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CUSIP NO. M25722105 PAGE 4 of 9 PAGES
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1. NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Apax Europe IV GP Co. Limited
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ]
(b) [ ]
--------- ----------------------------------------------------------------------------------------------------------
3. SEC USE ONLY

--------- ----------------------------------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION

Guernsey, Channel Islands
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5. SOLE VOTING POWER
0
NUMBER OF ---------- ---------------------------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY 546,134
OWNED BY ---------- ---------------------------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH ---------- ---------------------------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
546,134
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

546,134
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ]

--------- ----------------------------------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

2.0%
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12. TYPE OF REPORTING PERSON (See Instructions)

CO
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CUSIP NO. M25722105 PAGE 5 of 9 PAGES
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1. NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Apax Europe IV, GP L.P.
--------- ----------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ]
(b) [ ]
--------- ----------------------------------------------------------------------------------------------------------
3. SEC USE ONLY

--------- ----------------------------------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware
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5. SOLE VOTING POWER
0
---------- ---------------------------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES 546,134
BENEFICIALLY ---------- ---------------------------------------------------------------------------------
OWNED BY 7. SOLE DISPOSITIVE POWER
EACH 0
REPORTING ---------- ---------------------------------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER
546,134
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

--------- ----------------------------------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ]

--------- ----------------------------------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

2.0%
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12. TYPE OF REPORTING PERSON (See Instructions)

PN
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PAGE 6 of 9 PAGES

Item 1. (a) Name of Issuer:

Compugen Ltd.

(b) Address of Issuer's Principal Executive Offices:

72 Pinchas Rosen Street
Tel Aviv 69512
Israel

Item 2. (a) Name of Person(s) Filing:

(i) Apax Israel GP Inc., a Delaware corporation, (ii)
Apax Israel Partners II, L.P., a Delaware limited
Partnership, (iii) Apax Europe IV GP Co. Limited, a
Guernsey limited partnership, and (iv) Apax Europe IV,
GP L.P., a Delaware limited partnership, under the
following capacities:

Apax Israel GP Inc. is the General Partner of Apax
Israel Partners II, L.P., which is the General
Partner of the following funds, which together own
an aggregate of 151,695 Ordinary Shares of the
Issuer:

Apax Israel II (Israel) LP
Apax Israel II Entrepreneur's Club (Israel) LP
Apax Israel II L.P.
Apax Israel II Entrepreneur's Club L.P.

Apax Europe IV GP Co. Limited is the General Partner
of Apax Europe IV GP, L.P., which is the Managing
General Partner of the following funds, which
together own an aggregate of 546,134 Ordinary Shares
of the Issuer:

Apax Europe IV - A, L.P.
Apax Europe IV - B, L.P.
Apax Europe IV - C GmbH & Co.KG
Apax Europe IV - D, L.P.
Apax Europe IV - E, L.P.
Apax Europe IV - F, C.V.
Apax Europe IV - G, C.V.
Apax Europe IV - H GmbH & Co.KG

The filing of this statement is not an admission by any
Reporting Person that such Reporting Person and any
other Reporting Person or Reporting Persons constitute a
"group" for purposes of Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended, or Rule
13d-5 thereunder or that any Reporting Person is the
beneficial owner of any securities owned by any other
Reporting Person.

PAGE 7 of 9 PAGES

(b) Address of Principal Business Office or, if none,
Residence:

Apax Israel GP Inc. and Apax Israel Partners II, L.P.
15 Portland Place
London, W1B 1PT England

Apax Europe IV GP Co. Limited and Apax Europe IV, GP L.P.
13 - 15 Victoria Road
St Peter Port
Guernsey, Channel Islands GY1 3ZD

Apax Israel GP Inc., Apax Israel Partners II, L.P., and
Apax Europe IV, GP L.P.
Delaware

Apax Europe IV GP Co. Limited
Guernsey, Channel Islands

(d) Title of Class of Securities:

Ordinary Shares, nominal value NIS 0.01 per Share

(e) CUSIP Number:

M25722105

Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4. Ownership.

(a) Amount beneficially owned:

See row 9 of Cover Page for each Reporting Person.

(b) Percent of class:

See row 11 of Cover Page for each Reporting Person

(i) Sole power to vote or to direct the vote NIL.
(ii) Shared power to vote or to direct the vote:
See row 6 of Cover Page for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition of NIL.
(iv) Shared power to dispose or to direct the disposition of
See row 8 of Cover Page for each Reporting Person.

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X].

PAGE 8 of 9 PAGES

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 or Control Person.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

Not applicable.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

Not applicable.

PAGE 9 of 9 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.

17 February 2004
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(Date)

APAX ISRAEL GP INC. APAX ISRAEL PARTNERS II, L.P.
BY: APAX ISRAEL GP INC.
its General Partner

BY: /s/ Adrian Beecroft BY: /s/ Adrian Beecroft
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(Signature) (Signature)

Adrian Beecroft, Director Adrian Beecroft, Director
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(Name/Title) (Name/Title)

APAX EUROPE IV GP CO. LIMITED APAX EUROPE IV, GP L.P.
BY: APAX EUROPE IV GP CO. LIMITED
its General Partner

BY: /s/ Connie AE Helyar BY: /s/ Connie AE Helyar
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(Signature) (Signature)

Connie AE Helyar, Director Connie AE Helyar, Director
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(Name/Title) (Name/Title)

The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)