SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
RADCOM LTD.
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(NAME OF ISSUER)
ORDINARY SHARES, PAR VALUE NIS 0.05 PER SHARE
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(TITLE OF CLASS OF SECURITIES)
M81865103
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(CUSIP NUMBER)
DECEMBER 31, 2004
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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CUSIP No. M81865103 13G Page 2 of 5 Pages
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1. NAMES OF REPORTING PERSONS YEHUDA ZISAPEL
I.R.S. IDENTIFICATION NOS. OF
ABOVE PERSONS (ENTITIES ONLY) NOT APPLICABLE.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ISRAEL ORGANIZATION
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NUMBER OF SHARES 5. SOLE VOTING POWER 1,849,320
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BENEFICIALLY OWNED 6. SHARED VOTING POWER 177,841
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BY EACH REPORTING 7. SOLE DISPOSITIVE POWER 1,849,320
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PERSON WITH 8. SHARED DISPOSITIVE POWER 177,841
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED 2,027,161
BY EACH REPORTING PERSON
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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) 13.9 %
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12. TYPE OR REPORTING PERSON IN
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ITEM 1(A). NAME OF ISSUER
Radcom Ltd. (hereinafter referred to as the "Company")
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
24 Raoul Wallenberg Street
Tel Aviv, 69719, Israel
ITEM 2(A). NAME OF PERSON FILING
Yehuda Zisapel (hereinafter referred to as the "Reporting
Person")
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
24 Raoul Wallenberg Street
Tel Aviv, 69719, Israel
ITEM 2(C). CITIZENSHIP
Israel
ITEM 2(D). TITLE OF CLASS OF SECURITIES
This statement relates to Ordinary Shares, par value NIS 0.05
per share (hereinafter referred to as "Ordinary Shares").
ITEM 2(E). CUSIP NUMBER
M81865103
ITEM 3. IDENTIFICATION OF PERSONS FILING PURSUANT TO SS. 240.13D-1(B)
OR SS. 240.13D-2(B) OR (C)
Not Applicable.
ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
As of December 31, 2004, the Reporting Person beneficially
owned 2,027,161 Ordinary Shares, or 13.9% of the total number
of Ordinary Shares issued and outstanding. Of the 2,027,161
Ordinary Shares (i) 822,714 Ordinary Shares, or 5.6% of the
total number of Ordinary Shares issued and outstanding, were
owned of record by the Reporting Person; (ii) 116,246, or 0.8%
of the total number of Ordinary Shares issued and outstanding,
consists of Ordinary Shares issuable upon the exercise of
warrants granted to the Reporting Person as part of a private
placement; (iii) 910,360 or 6.3% of the total number of
Ordinary Shares issued and outstanding, are owned of record by
Retem Local Networks Ltd., an Israeli company, which is
controlled by the Reporting Person, its principal shareholder
and director..; and (iv) 167,862 Ordinary Shares and 9,979
Ordinary Shares issuable upon the exercise of warrants, or
1.2% of the total number of Ordinary Shares issued and
outstanding, consists of Ordinary Shares owned of record by
RAD Data Communications Ltd. and Ordinary Shares issuable on
the exercise of warrants granted to RAD Data Communication
Ltd., respectively. The Reporting Person and Zohar Zisapel
have shared voting and dispositive power with respect to the
shares of Rad Data Communications Ltd.
Except as set forth in this Item 5(a), the Reporting Person
does not beneficially own any Ordinary Shares. The percentages
stated above are based on 14,438,348 Ordinary Shares
outstanding as of December 31, 2004.
(b) Percent of class:
13.9 %
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,849,320
(ii) Shared power to vote or to direct the vote:
177,841
(iii) Sole power to dispose or to direct the disposition of:
1,849,320
(iv) Shared power to dispose or to direct the disposition of:
177,841
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
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable.
ITEM 10. CERTIFICATION
(a) Not Applicable.
(b) By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the
effect of changing or influencing the contril of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
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.
Date: February 15, 2005
/s/ Yehuda Zisapel
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Name: Yehuda Zisapel