zk1211260.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 6-K
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the Month of April 2012
 
CAMTEK LTD.
(Translation of Registrant’s Name into English)
 
Ramat Gavriel Industrial Zone
P.O. Box 544
Migdal Haemek 23150
ISRAEL
(Address of Principal Corporate Offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F x Form 40-F o
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities and Exchange Act of 1934.
 
Yes o No x
 
 
 
 
 
SIGNATURE
 
        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
   
CAMTEK LTD.
(Registrant)
 
By: /s/ Moshe Eisenberg
——————————————
Moshe Eisenberg,
Chief Financial Officer

Dated: April 2, 2012
 
 
 
 
 
The Company’s parent Company, Priortech Ltd. (“Priortech”), which is a publicly traded company on the Tel-Aviv Stock Exchange, is required to implement, as of January 1, 2007, Accounting Standard No. 30 of the Israel Accounting Standard Board (the “Standard”).
 
Details regarding the Standard and its implementation, as reflected on Priortech’s consolidated statements for the years 2007 to 2010 and the first three quarters of 2011 were given in the Company’s previous reports concerning the Standard.
 
The net amount of capitalized development expenses reflected on Priortech’s consolidated statements for the year ended December 31, 2011 is US$1,698 thousands.
 
Another item of disclosure on Priortech’s reports reflects the fact that on December 31, 2011, Camtek was engaged in hedging transactions in US Dollars on the NIS exchange rate. The open hedging transactions as of December 31, 2011, are displayed in the following table:
 
Base Amount
Deal Type
Expiry Date
Trade Date
Market Rate
Market Value (USD)
400,000
Sold Eu.Opt
27/01/2012
12/09/2011
3.823842
-2,299
-400,000
Bought Eu.Opt
27/01/2012
12/09/2011
3.823842
129
300,000
Sold Eu.Opt
27/01/2012
16/06/2011
3.823842
-10,154
-300,000
Bought Eu.Opt
27/01/2012
16/06/2011
3.823842
0
300,000
Sold Eu.Opt
27/01/2012
30/08/2011
3.823842
-8,767
-300,000
Bought Eu.Opt
27/01/2012
30/08/2011
3.823842
2
300,000
Sold Eu.Opt
27/01/2012
08/08/2011
3.823842
-6,830
-300,000
Bought Eu.Opt
27/01/2012
08/08/2011
3.823842
1
300,000
Sold Eu.Opt
27/01/2012
03/08/2011
3.823842
-10,154
-300,000
Bought Eu.Opt
27/01/2012
03/08/2011
3.823842
0
400,000
Sold Eu.Opt
27/01/2012
13/07/2011
3.823842
-14,107
-400,000
Bought Eu.Opt
27/01/2012
13/07/2011
3.823842
0
300,000
Sold Eu.Opt
27/01/2012
27/06/2011
3.823842
-10,154
-300,000
Bought Eu.Opt
27/01/2012
27/06/2011
3.823842
0
400,000
Sold Eu.Opt
27/02/2012
12/09/2011
3.825071
-4,202
-400,000
Bought Eu.Opt
27/02/2012
12/09/2011
3.825071
596
300,000
Sold Eu.Opt
27/02/2012
08/08/2011
3.825071
-7,612
-300,000
Bought Eu.Opt
27/02/2012
08/08/2011
3.825071
28
-300,000
Bought Eu.Opt
27/02/2012
03/08/2011
3.825071
10
300,000
Sold Eu.Opt
27/02/2012
03/08/2011
3.825071
-10,994
300,000
Sold Eu.Opt
27/02/2012
16/06/2011
3.825071
-10,994
-300,000
Bought Eu.Opt
27/02/2012
16/06/2011
3.825071
12
400,000
Sold Eu.Opt
27/02/2012
13/07/2011
3.825071
-14,659
 
 
 
 
 
Base Amount
Deal Type
Expiry Date
Trade Date
Market Rate
Market Value (USD)
-400,000
Bought Eu.Opt
27/02/2012
13/07/2011
3.825071
13
300,000
Sold Eu.Opt
27/02/2012
27/06/2011
3.825071
-10,994
300,000
Sold Eu.Opt
27/02/2012
30/08/2011
3.825071
-9,764
-300,000
Bought Eu.Opt
27/02/2012
30/08/2011
3.825071
51
-300,000
Bought Eu.Opt
27/02/2012
27/06/2011
3.825071
10
300,000
Sold Eu.Opt
28/03/2012
23/11/2011
3.825952
-3,953
-300,000
Bought Eu.Opt
28/03/2012
23/11/2011
3.825952
2,007
300,000
Sold Eu.Opt
28/03/2012
30/08/2011
3.825952
-10,730
-300,000
Bought Eu.Opt
28/03/2012
30/08/2011
3.825952
208
300,000
Sold Eu.Opt
28/03/2012
16/06/2011
3.825952
-11,868
-300,000
Bought Eu.Opt
28/03/2012
16/06/2011
3.825952
87
300,000
Sold Eu.Opt
28/03/2012
08/08/2011
3.825952
-8,460
-300,000
Bought Eu.Opt
28/03/2012
08/08/2011
3.825952
141
300,000
Sold Eu.Opt
28/03/2012
03/08/2011
3.825952
-11,868
-300,000
Bought Eu.Opt
28/03/2012
03/08/2011
3.825952
70
400,000
Sold Eu.Opt
28/03/2012
13/07/2011
3.825952
-15,054
-400,000
Bought Eu.Opt
28/03/2012
13/07/2011
3.825952
93
300,000
Sold Eu.Opt
28/03/2012
27/06/2011
3.825952
-11,868
-300,000
Bought Eu.Opt
28/03/2012
27/06/2011
3.825952
70
400,000
Sold Eu.Opt
28/03/2012
12/09/2011
3.825952
-5,655
-400,000
Bought Eu.Opt
28/03/2012
12/09/2011
3.825952
1,225
300,000
Sold Eu.Opt
25/04/2012
27/06/2011
3.826663
-12,636
300,000
Sold Eu.Opt
25/04/2012
08/08/2011
3.826663
-8,707
-300,000
Bought Eu.Opt
25/04/2012
08/08/2011
3.826663
315
-300,000
Bought Eu.Opt
25/04/2012
27/06/2011
3.826663
185
300,000
Sold Eu.Opt
25/04/2012
16/06/2011
3.826731
-12,639
-300,000
Bought Eu.Opt
25/04/2012
16/06/2011
3.826731
230
300,000
Sold Eu.Opt
25/04/2012
03/08/2011
3.826663
-12,636
-300,000
Bought Eu.Opt
25/04/2012
03/08/2011
3.826663
185
300,000
Sold Eu.Opt
25/04/2012
23/11/2011
3.826663
-4,977
-300,000
Bought Eu.Opt
25/04/2012
23/11/2011
3.826663
2,730
-400,000
Bought Eu.Opt
25/04/2012
13/07/2011
3.826731
246
300,000
Sold Eu.Opt
25/04/2012
30/08/2011
3.826663
-11,554
-300,000
Bought Eu.Opt
25/04/2012
30/08/2011
3.826663
442
400,000
Sold Eu.Opt
25/04/2012
12/09/2011
3.826663
-6,665
-400,000
Bought Eu.Opt
25/04/2012
12/09/2011
3.826663
1,863
400,000
Sold Eu.Opt
25/04/2012
13/07/2011
3.826731
-15,408
300,000
Sold Eu.Opt
29/05/2012
23/11/2011
3.827319
-5,961
-300,000
Bought Eu.Opt
29/05/2012
23/11/2011
3.827319
3,540
300,000
Sold Eu.Opt
29/05/2012
30/08/2011
3.827319
-12,451
-300,000
Bought Eu.Opt
29/05/2012
30/08/2011
3.827319
834
-300,000
Bought Eu.Opt
29/05/2012
03/08/2011
3.827319
424
400,000
Sold Eu.Opt
29/05/2012
13/07/2011
3.827319
-15,942
-400,000
Bought Eu.Opt
29/05/2012
13/07/2011
3.827319
565
300,000
Sold Eu.Opt
29/05/2012
27/06/2011
3.827319
-13,486
-300,000
Bought Eu.Opt
29/05/2012
27/06/2011
3.827319
424
300,000
Sold Eu.Opt
29/05/2012
16/06/2011
3.827319
-13,486
-300,000
Bought Eu.Opt
29/05/2012
16/06/2011
3.827319
538
 
 
 
 
 
Base Amount
Deal Type
Expiry Date
Trade Date
Market Rate
Market Value (USD)
300,000
Sold Eu.Opt
29/05/2012
08/08/2011
3.827319
-9,242
-300,000
Bought Eu.Opt
29/05/2012
08/08/2011
3.827319
627
300,000
Sold Eu.Opt
29/05/2012
03/08/2011
3.827319
-13,486
-300,000
Bought Eu.Opt
27/06/2012
16/06/2011
3.827714
805
300,000
Sold Eu.Opt
27/06/2012
23/11/2011
3.827714
-6,669
-300,000
Bought Eu.Opt
27/06/2012
23/11/2011
3.827714
4,182
300,000
Sold Eu.Opt
27/06/2012
30/08/2011
3.827714
-13,143
-300,000
Bought Eu.Opt
27/06/2012
30/08/2011
3.827714
1,135
300,000
Sold Eu.Opt
27/06/2012
08/08/2011
3.827714
-9,677
-300,000
Bought Eu.Opt
27/06/2012
08/08/2011
3.827714
886
300,000
Sold Eu.Opt
27/06/2012
03/08/2011
3.827714
-13,841
-300,000
Bought Eu.Opt
27/06/2012
03/08/2011
3.827714
637
400,000
Sold Eu.Opt
27/06/2012
13/07/2011
3.827714
-16,264
-400,000
Bought Eu.Opt
27/06/2012
13/07/2011
3.827714
849
300,000
Sold Eu.Opt
27/06/2012
27/06/2011
3.827714
-14,149
-300,000
Bought Eu.Opt
27/06/2012
27/06/2011
3.827714
637
300,000
Sold Eu.Opt
27/06/2012
16/06/2011
3.827714
-14,149
500,000
Sold Eu.Opt
27/07/2012
23/11/2011
3.828267
-11,644
-500,000
Bought Eu.Opt
27/07/2012
23/11/2011
3.828267
7,950
400,000
Sold Eu.Opt
27/07/2012
06/09/2011
3.828267
-13,978
-400,000
Bought Eu.Opt
27/07/2012
06/09/2011
3.828267
2,979
300,000
Sold Eu.Opt
27/07/2012
30/08/2011
3.828267
-13,791
-300,000
Bought Eu.Opt
27/07/2012
30/08/2011
3.828267
1,407
300,000
Sold Eu.Opt
27/07/2012
08/08/2011
3.828267
-10,483
-300,000
Bought Eu.Opt
27/07/2012
08/08/2011
3.828267
1,119
300,000
Sold Eu.Opt
27/07/2012
03/08/2011
3.828267
-13,838
-300,000
Bought Eu.Opt
27/07/2012
03/08/2011
3.828267
808
500,000
Sold Eu.Opt
29/08/2012
23/11/2011
3.828753
-12,664
-500,000
Bought Eu.Opt
29/08/2012
23/11/2011
3.828753
8,954
400,000
Sold Eu.Opt
29/08/2012
06/09/2011
3.828753
-14,967
-400,000
Bought Eu.Opt
29/08/2012
06/09/2011
3.828753
3,577
300,000
Sold Eu.Opt
29/08/2012
30/08/2011
3.828753
-14,447
-300,000
Bought Eu.Opt
29/08/2012
30/08/2011
3.828753
1,724
500,000
Sold Eu.Opt
24/09/2012
23/11/2011
3.829131
-13,552
-500,000
Bought Eu.Opt
24/09/2012
23/11/2011
3.829131
9,700
400,000
Sold Eu.Opt
24/09/2012
06/09/2011
3.829105
-15,691
-400,000
Bought Eu.Opt
24/09/2012
06/09/2011
3.829131
4,091