(1) The
number of shares under Sole Voting and Dispositive Power consist of a total of
301,262 shares directly held by Mr. Sheratzky and an entity wholly owned by him.
The number of shares under Shared Voting and Dispositive Power consist of 1,365
shares that are directly held by Mr. Sheratzky's wife, Maddie Sheratzky, and of
5,506,952 shares that are deemed to be beneficially owned by Mr. Sheratzky by
virtue of his holdings of Moked Ituran Ltd. and the shareholders agreement among
Moked Ituran Ltd.'s shareholders, dated May 28, 1998, as amended on September 6,
2005. The shareholder agreement is attached as Exhibits (a) and (b) to form 13G
filed by this reporting person on February 13, 2006, and incorporated by
reference herein.
(2)
Pursuant to Section 13(d)(4) of the 1933 Securities Act, Ordinary Shares held by
the issuer or a subsidiary of the issuer are excluded for the purpose of
calculating the requested percent of class.
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: Izzy Sheratzky
(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: 5,809,579 Ordinary Shares. A total of 301,262 shares are
directly held by Mr. Izzy Sheratzky and an entity wholly owned by him, and an
additional 1,365 shares are directly held by Mr. Sheratzky's wife, Maddie
Sheratzky. In addition Mr. Sheratzky is deemed to beneficially own 5,506,952
shares held by Moked Ituran Ltd., by virtue of his 38% holdings in Moked Ituran
Ltd. (through a company under his control) and the shareholders agreement among
Moked Ituran Ltd.'s shareholders, dated May 28, 1998, as amended on September 6,
2005, and attached as Exhibits (a) and (b) to form 13G filed by this reporting
person on February 13, 2006, and incorporated by reference herein.
(b) Percent
of Class: 27.7%.
|
Pursuant to Section 13(d)(4) of
the 1933 Securities Act, Ordinary Shares held by the issuer or a
subsidiary of the issuer are excluded for the purpose of calculating the
requested percent of class.
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(c) Number
of shares as to which the person has:
|
(i)
|
Sole
power to vote or to direct the vote:
301,262
|
|
(ii)
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Shared
power to vote or to direct the
vote: 5,508,317
|
|
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Sole
power to dispose or to direct the disposition:
301,262
|
|
(iv)
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Shared
power to dispose or to direct the
disposition: 5,508,317
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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.
The
reporting person is filing this Schedule 13G pursuant to Rule
13d-1(d). Mr. Izzy Sheratzky is a controlling person of Moked Ituran
Ltd. and may be deemed the beneficial owner of a total of 5,809,579 ordinary
shares of the Issuer, of which 5,506,952 are held by Moked Ituran Ltd.. See Item
4(a).
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
Shareholders
agreement dated May 28, 1998, as amended on September 6, 2005 attached as
Exhibits (a) and (b) to form 13G filed by this reporting person on February 13,
2006, and incorporated by reference herein.
SIGNATURE
After
reasonable inquiry and to the best of the undersigned knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: February
10, 2010
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By:
|
/s/ Izzy
Sheratzky |
|
|
|
Izzy
Sheratzky |
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Attention:
Intentional misstatements or omissions of fact constitute Federal
criminal violations (see 18 U.S.C. 1001).
5