Item 1.
(a) Name of Issuer: Ituran Location and Control Ltd.
(b) Address of Issuer’s Principal Executive Offices: 3 Hashikma Street, Azour, 58001 Israel.
Item 2.
(a) Name of Person Filing: Avner Kurz
(b) Address of Principal Business Office: c/o Ituran Location & Control Ltd., 3 Hashikma Street, Azour, 58001, Israel.
(c) Citizenship: Israel.
(d) Title of Class of Securities: Ordinary Shares.
(e) CUSIP Number - M6158M104
Item 3. If this statement is filed pursuant to §§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: 1,445,205 ordinary shares of the issuer.
As detailed below, this amount is composed of 13,398 ordinary shares directly held by F.K. Generators and Equipment Ltd. ("F.K."); and 1,431,807 ordinary shares held by Moked Ituran Ltd.
2,720 shares, which were directly held by the reporting person, were sold during 2012.
The holdings of F.K. are attributed to Mr. Avner Kurz by virtue of his holdings in F.K.'s majority shareholder - Perfect Quality Trading Ltd., in which he and his two brothers each holds equal parts of 33⅓ %.
F.K. holds approximately 26% of Moked Ituran Ltd. ("Moked"), the holder of approximately 26% of the issuer's share capital; and pursuant to a shareholders agreement among Moked's shareholders, F.K. has the power to direct the disposition of 1,431,807 of the issuer's shares held by Moked, while its voting power at Moked is generally limited to 22.5%. The Moked's shareholders agreement, as amended, is incorporated herein by reference as an exhibit.
(b) Percent of Class: 6.9% (calculated based on the amount of the outstanding ordinary shares of the issuer, exclusive of the ordinary shares held by the issuer).
(c) Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote: none
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(ii)
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Shared power to vote or to direct the vote: 1,252,462
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(iii)
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Sole power to dispose or to direct the disposition: none
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(iv)
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Shared power to dispose or to direct the disposition: 1,445,205
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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 or Control Person.
As noted above, Mr. Avner Kurz may be deemed a controlling person of F.K. Generators and Equipment Ltd., which holds shares of the issuer directly and through Moked Ituran Ltd. See Item 4(a) above.
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
Item 11. Exhibits
Shareholder agreement dated May 28, 1998, as amended on September 6, 2005, incorporated as Exhibits (a) and (b) to form 13G filed by this reporting person on February 13, 2006, are incorporated by reference herein.
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 11, 2014
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Signature: /s/ Avner Kurz
Name: Avner Kurz
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Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
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