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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
SAIFUN SEMICONDUCTORS LTD.
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(Name of Issuer)
Ordinary Shares
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(Title of Class of Securities)
M8233P 10 2
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(CUSIP Number)
December 31, 2006
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(Date of Event Which Required 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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CUSIP No. M8233P102 13G/A Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DR. BOAZ EITAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAELI AND UNITED STATES
-------------- ---- ------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 1. 4,920,440
BENEFICIALLY ---- ------------------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 2. 10,921,558
REPORTING ---- ------------------------------------------------------------
PERSON WITH SOLE DISPOSITIVE POWER
3. 4,920,440
---- ------------------------------------------------------------
SHARED DISPOSITIVE POWER
4. 10,921,558
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,921,558
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
34.7
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12 TYPE OF REPORTING PERSON
IN
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CUSIP No. M8233P102 13G/A Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MRS. TALLY EITAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
ISRAELI AND UNITED STATES
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NUMBER OF SOLE VOTING POWER
SHARES 1. 26,666
BENEFICIALLY ---- ------------------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 2. 6,001,118
REPORTING ---- ------------------------------------------------------------
PERSON WITH SOLE DISPOSITIVE POWER
3. 26,666
---- ------------------------------------------------------------
SHARED DISPOSITIVE POWER
4. 6,001,118
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,001,118
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(1) [X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
19.1
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12 TYPE OF REPORTING PERSON
IN
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(1) Excludes 4,920,440 ordinary shares held by Dr. Boaz Eitan. Mrs. Tally Eitan
is Dr. Boaz Eitan's spouse and by virtue of that relationship may be deemed
to be the beneficial owner of the shares that he owns. Mrs. Eitan disclaims
such beneficial ownership except to the extent of her pecuniary interest
therein.
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CUSIP No. M8233P102 13G/A Page 4 of 6 Pages
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ITEM 1(a). NAME OF ISSUER:
Saifun Semiconductors Ltd.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
45 Hamelacha Street
Sappir Industrial Park
Netanya, 42504
Israel
972-9-8928444
ITEM 2(a). NAME OF PERSON FILING:
Dr. Boaz Eitan
Mrs. Tally Eitan
The foregoing entities and individuals are collectively
referred to as the "Reporting Persons" in this Statement.
This statement is filed jointly on behalf of the Reporting
Persons. In accordance with Rule 13d-1(k)(1) under the
Exchange Act, each person filing this statement acknowledges
that it is responsible for the completeness and accuracy of
the information concerning that person but is not responsible
for the completeness or accuracy of the information concerning
the other persons making the filing, unless such person knows
or has reason to believe that such information is inaccurate.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
45 Hamelacha Street
Sappir Industrial Park
Netanya, 42504
Israel
972-9-8928444
ITEM 2(c). CITIZENSHIP:
Dr. Boaz Eitan: Israeli and American
Mrs. Tally Eitan: Israeli and American
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Ordinary Shares
ITEM 2(e). CUSIP NUMBER:
M8233P102
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CUSIP No. M8233P102 13G/A Page 5 of 6 Pages
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under section 15 of the Act;
(b) [ ] Bank as defined in section 3(a)(6) of the Act;
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act;
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940;
(e) [ ] An investment adviser in accordance with Rule 13d-1(b
(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G) (Note: See Item 7);
(h) [ ] A savings association as defined in section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. [ ]
ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
Consists of 4,920,440 ordinary shares held directly by Dr. Eitan,
1,905,780 ordinary shares held by Adi & Gal Ltd., 1,429,336 ordinary
shares held by Sharon & Yoav Ltd., 1,200,000 ordinary shares held by
Shikmat Eitan Ltd., 952,892 ordinary shares held by Yonatan & Maya
Ltd., 476,444 ordinary shares held by Batya and Yoseph Ltd. and 10,000
ordinary shares held by MIRAGE BVBA. Each of these entities is jointly
owned and controlled by Dr. Eitan and his wife. This number also
includes 26,666 ordinary shares owned by Dr. Eitan's wife. Dr. and
Mrs. Eitan each disclaim beneficial ownership of the shares held by
them except to the extent of their respective pecuniary interests
therein.
(b) Percent of class: See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: See Row 5 of cover page
for each Reporting Person.
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CUSIP No. M8233P102 13G/A Page 6 of 6 Pages
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(ii) Shared power to vote or direct the vote: See Row 6 of cover page
for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition of: See Row
7 of cover page for each Reporting Person.
(iv) Shared power to dispose of 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 [ ].
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.
See Item 2(a) above.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
Not applicable.
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 14, 2007
DR. BOAZ EITAN
/s/ Boaz Eitan
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TALLY EITAN
/s/ Tally Eitan
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