UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities
Exchange Act of 1934
(Amendment no. 8)*
RoboGroup T.E.K. Ltd.
(Name of Issuer)
Ordinary Shares, par
value NIS 0.5 per share
(Title of Class of
Securities)
M20330 10 2
(CUSIP Number)
December 31, 2003
(Date of Event Which
Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| o | Rule 13d-1(b) | |
| o | Rule 13d-1(c) | |
| x | Rule 13d-1(d) |
*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 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).
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| CUSIP No. M20330 10 2 | 13G | Page 2 of 5 Pages |
| 1 | Name of Reporting Person: Rafael Aravot
I.R.S. Identification No. of above person (entities only): N/A | ||
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions):
(a)o (b)o | ||
| 3 | SEC Use Only
| ||
| 4 | Citizenship or Place of Organization:
Israel | ||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power:
819,007 Ordinary Shares(1) | |
| 6 | Shared Voting Power:
77,035 Ordinary Shares(2) | ||
| 7 | Sole Dispositive Power:
819,007 Ordinary Shares(1) | ||
| 8 | Shared Dispositive Power:
77,035 Ordinary Shares(2) | ||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person:
896,042 Ordinary Shares(3) | ||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):
o | ||
| 11 | Percent of Class Represented by Amount in Row (9):
8.0%(4) | ||
| 12 | Type of Reporting Person (See Instructions):
IN | ||
| (1) | Includes 18,000 shares that are subject to currently exercisable options. |
| (2) | These shares are held jointly by Mr Aravot and his wife, Gila Aravot. |
| (3) | Includes the shares described in footnotes 1 and 2 above. |
| (4) | This is a percentage of the sum (1) the 11,237,352 ordinary shares of the Issuer that were outstanding on December 31, 2003, and (2) the 18,000 shares issuable upon exercise of options by the Reporting Person. |
Page 2 of 5
Item 1.
| (a) | Name of Issuer: RoboGroup T.E.K. Ltd. |
| (b) | Address
of Issuer’s Principal Executive Offices: Rechov HaMelacha 13, Afeq Industrial Estate, Rosh Ha'ayin 48091, Israel |
Item 2.
| (a) | Name of Person Filing: Rafael Aravot |
| (b) | Address
of Principal Business Office or, if none, Residence: Rechov HaMelacha 13, Afeq Industrial Estate, Rosh Ha’ayin 48091, Israel |
| (c) | Citizenship: Israel |
| (d) | Title of Class of Securities: Ordinary Shares, par value 0.5 NIS per share |
| (e) | CUSIP Number: M20330 10 2 |
Item 3. Not applicable.
Item 4. Ownership
| (a) | Amount beneficially owned: 896,042 Ordinary Shares, of which 18,000 shares are subject to currently exercisable options, and 77,035 shares are held jointly with his wife, Gila Aravot. |
| (b) | Percent of class: 8.0%(1) |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: Mr. Aravot has the power to vote or direct the vote of 819,007 Ordinary Shares of the Issuer |
| (ii) | Shared power to vote or to direct the vote: 77,035 Ordinary Shares held jointly with his wife, Gila Aravot. |
| (iii) | Sole power to dispose or to direct the disposition of: Mr. Aravot has the sole power to dispose or direct the disposition of 819,007 Ordinary Shares. |
| (iv) | Shared power to dispose or to direct the disposition of: 77,035 Ordinary Shares held jointly with his wife, Gila Aravot. |
| (1) | This is a percentage of the sum of (1) the 11,237,352 ordinary shares of the Issuer that were outstanding on December 31, 2003, and (2) the 18,000 shares issuable upon exercise of options by the Reporting Person. |
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| Stock Option Plan. Mr. Aravot was one of the participants in a Stock Option Plan of the Issuer whereby the Issuer had issued to a trustee on his behalf 90,000 Options to purchase 90,000 Ordinary Shares. Mr. Aravot was entitled to receive a prorated portion of such shares over a period of five years and as of January 1, 2004, he was eligible to receive 18,000 of these Options subject to (i) the payment of the exercise price of the Options as defined in the Stock Option Plan; and (ii) his serving either as a director or an employee of the Issuer or one of its subsidiaries. |
| 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 o |
| Not applicable. |
| Not applicable. |
| Not applicable. |
| Not applicable. |
| Not applicable. |
Page 4 of 5
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.
Date: February 17, 2004
BY: /S/ Rafael Aravot —————————————— Rafael Aravot |
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