FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Naphtha Holding, LTD   2. Issuer Name and Ticker or Trading Symbol ISRAMCO INC [ISRL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 8 GRANIT ST, P O BOX 10188 3. Date of Earliest Transaction (Month/Day/Year) 12/20/2016 (Street) PETACH-TIKVA, L3 49002 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/20/2016   S   590 D $ 123 1,911,317 (1) I Acquired by company under common control see note below (1) Common Stock 12/20/2016   S   810 D $ 123.6 1,910,507 (1) I Acquired by company under common control see note below (1) Common Stock 12/20/2016   S   400 D $ 123 1,910,107 (1) I Acquired by company under common control see note below (1) Common Stock 12/20/2016   S   600 D $ 122 1,909,507 I Acquired by company under common control see note below (1) Common Stock 12/20/2016   S   810 D $ 121.42 1,908,697 I Acquired by company under common control see note below (1) Common Stock 12/20/2016   S   1,000 D $ 120 1,907,697 I Acquired by company under common control see note below (1) Common Stock 12/20/2016   S   400 D $ 121.39 1,907,297 I Acquired by company under common control see note below (1) Common Stock 12/20/2016   S   190 D $ 121.6 1,907,107 I Acquired by company under common control see note below (1) Common Stock 12/20/2016   S   590 D $ 121.77 1,906,517 I Acquired by company under common control see note below (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Naphtha Holding, LTD 8 GRANIT ST P O BOX 10188 PETACH-TIKVA, L3 49002		X

Signatures

/s/ Eran Saar		12/22/2016
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These shares were directly sold by Naphtha Exploration LP, a company under common control with Naphtha Holding, Ltd. Naphtha Holding Ltd and I.O.C-Israel Oil Company Ltd directly hold more than 10% ownership of the outstanding shares of Isramco, Inc. This report also includes shares indirectly and directly held or under common control with Naphtha Holding, Ltd. After the above reported transactions, Naphtha Exploration LP does not own any shares in Isramco, Inc. Further, Naphtha Holding Ltd directly holds 1,592,841 shares and I.O.C.-Israel Oil Company Ltd directly holds 313,676 shares for a total of 1,906,517 shares under common control after the aforementioned transactions and reported here.

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