UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CORCYRA D.O.O. VERUDELA 17 PULA, 1M 52100 |
 |  X |  |  |
CORCYRA d.o.o. /s/ Moshe Har Adir , sole officer, director and shareholder | 02/01/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | Pursuant to a Stock Purchase Agreement dated as of January 28, 2005 (the "Purchase Agreement"), the Reporting Person acquired from KPN Telecom B.V. ("KPN"), and now holds directly 289,855 shares of common stock of the Issuer. Pursuant to the Purchase Agreement, the Reporting Person has agreed to purchase KPN's remaining 2,036,188 shares of common stock of the Issuer on April 30, 2006; provided, however, that upon fourteen days' prior written notice to KPN, the Reporting Person may accelerate the closing to an earlier month-end date as specified in such notice. Accordingly, pursuant to Rule 13d-3(d)(1), this Form 3 reports beneficial ownership of 2,326,043 shares, consisting of the 289,855 shares that the Reporting Person currently holds and the 2,036,188 shares to be acquired by the Reporting Person. |