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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 9)
OPTIBASE, LTD.
(Name of Issuer)
ORDINARY SHARES M7524R108
NOMINAL VALUE NIS 0.13 PER SHARE
(Title of class of securities) (CUSIP number)
DAVID P. STONE, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NY 10153
(Name, address and telephone number of person
authorized to receive notices and communications)
JANUARY 20, 2004
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all Exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 6 Pages)
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CUSIP No. M7524R108 13D Page 2 of 6
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1 NAME OF REPORTING PERSON: MOSHE NAMDAR
I.R.S. IDENTIFICATION NO. N/A
OF ABOVE PERSON (ENTITIES ONLY):
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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 SOURCE OF FUNDS: PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: ISRAELI
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NUMBER OF 7 SOLE VOTING POWER: 761,914
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER:
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 761,914
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER:
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,024,076 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.30%
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14 TYPE OF REPORTING PERSON: IN
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(1) Mr. Moshe Namdar disclaims beneficial ownership of all ordinary shares that
are owned, may be owned or deemed owned by Mr. Avraham Namdar.
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CUSIP No. M7524R108 13D Page 3 of 6
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1 NAME OF REPORTING PERSON: AVRAHAM NAMDAR
I.R.S. IDENTIFICATION NO. N/A
OF ABOVE PERSON (ENTITY ONLY):
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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 SOURCE OF FUNDS: PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: ISRAELI
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NUMBER OF 7 SOLE VOTING POWER: 262,162
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER:
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 262,162
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER:
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,024,076 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.30%
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14 TYPE OF REPORTING PERSON: IN
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(1) Mr. Avraham Namdar disclaims beneficial ownership of all ordinary shares
that are owned, may be owned or deemed owned by Mr. Moshe Namdar
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CUSIP No. M7524R108 13D Page 4 of 6
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 9 ("Amendment No. 9") amends and supplements the
statement on Schedule 13D filed on July 24, 2002 (the "Statement"), as amended
and supplemented by Amendment No. 1, filed on August 1, 2002, Amendment No. 2,
filed on October 3, 2002, Amendment No. 3, filed on November 25, 2002, Amendment
No. 4, filed on December 30, 2002, Amendment No. 5, filed on February 25, 2003,
Amendment No. 6 filed on October 23, 2003, Amendment No. 7, filed on December
10, 2003 and Amendment No. 8, filed on January 6, 2004, relating to Ordinary
Shares, par value NIS 0.13 per share (the "Ordinary Shares"), of Optibase Ltd.,
a corporation organized under the laws of Israel (the "Issuer") filed on behalf
of Messrs. Moshe and Avraham Mandar (collectively, the "Reporting Persons").
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Mr. Moshe Namdar and Mr. Avraham Namdar are brothers. As a result, each of
the Reporting Persons may be deemed to beneficially own 1,024,076 Ordinary
Shares, or approximately 8.30% of the total outstanding Ordinary Shares (based
on the number of the Issuer's Ordinary Shares outstanding as of June 15, 2003,
of 12,371,206, as stated in the Issuer's report on form 6-K, filed with the
Securities and Exchange Commission on August 15, 2003).
(b) Mr. Moshe Namdar has the power to vote or direct the vote and dispose or
direct the disposition of 761,914 Ordinary Shares covered by this Schedule 13D.
Mr. Avraham Namdar has the power to vote or direct the vote and
dispose or direct the disposition of 262,162 Ordinary Shares covered by this
Schedule 13D.
(c) Transactions in the Ordinary Shares effected by the Reporting Persons since
December 3, 2003 are described in Schedule A attached hereto and incorporated
herein by reference. All such transactions were effected in the open market on
the Nasdaq National Market.
(d), (e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit No. Description
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Schedule A Information concerning transactions in the Ordinary Shares
effected by the Reporting Persons
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CUSIP No. M7524R108 13D Page 5 of 6
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this Amendment No. 8 is true,
complete and correct.
February 11, 2004
Moshe Namdar
/s/ Moshe Namdar
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Avraham Namdar
/s/ Avraham Namdar
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CUSIP No. M7524R108 13D Page 6 of 6
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SCHEDULE A
Schedule of Transactions in the Ordinary Shares
Sales of Ordinary Shares by Mr. Moshe Namdar:
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DATE OF TRANSACTION NUMBER OF SHARES PRICE PER SHARE
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1/13/2004 40,000 7.49000
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1/15/2004 27,600 7.41330
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1/20/2004 60,000 8.08625
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