SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
VOCALTEC COMMUNICATIONS LTD.
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(Name of Issuer)
Ordinary Shares, par value NIS 0.01 per share
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(Title of Class of Securities)
928568102
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(CUSIP Number)
December 31, 2003
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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)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 928568102 13G Page 2 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
La Cresta International Trading Inc.
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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 ORGANIZATION
Panama
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NUMBER OF 5 SOLE VOTING POWER
SHARES 914,050
BENEFICIALLY ------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING ------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 914,050
------------------------------------------------
8 SHARED DISPOSITIVE POWER
- 0 -
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
914,050
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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
6.1%
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12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 928568102 13G Page 3 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Ami Tal
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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 ORGANIZATION
Israel
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NUMBER OF 5 SOLE VOTING POWER
SHARES 134,040
BENEFICIALLY ----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 914,050
REPORTING ----------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 134,040
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
914,050
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,048,090
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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
7.1%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 928568102 13G Page 4 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Elon Ganor
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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 ORGANIZATION
Israel
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NUMBER OF 5 SOLE VOTING POWER
SHARES 337,600
BENEFICIALLY ----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 914,050
REPORTING ----------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 337,600
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
914,050
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,251,650
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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
8.4%
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12 TYPE OF REPORTING PERSON
IN
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Item 1(a). Name of Issuer:
VocalTec Communications Ltd. (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices:
2 Maskit Street, Herzliya 46733, Israel.
Item 2(a). Name of Person Filing:
This Schedule is filed by (a) La Cresta International Trading Inc. ("La
Cresta"), (b) Elon Ganor ("Ganor") and (c) Ami Tal ("Tal"). Such parties are
referred to herein as the "Reporting Parties." Any disclosures made herein
with respect to persons other than the Reporting Parties are made upon
information and belief.
La Cresta is a corporation incorporated in Panama. 50% of the share
capital of La Cresta is owned by Ganor and 50% of the share capital of La
Cresta is owned by Tal. As a result of these relationships, each of Ganor and
Tal may be deemed to be the beneficial owners of the Ordinary Shares held by
La Cresta. Each of Ganor and Tal disclaims beneficial ownership of the
Ordinary Shares of the Company referred to in this filing.
Ganor is the Chairman and Chief Executive Officer of the Company and Tal
is the Executive Vice President Global Sales of the Company. Ganor and Tal are
brothers-in-law.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business addresses of the Reporting Parties are as follows:
La Cresta, c/o L.C.I.T. S.A., Dufourstrasse 131, P.O.B. 219 Zurich 8034
Switzerland.
Ganor: c/o VocalTec Communications Ltd., 2 Maskit Street, Herzliya 46733,
Israel.
Tal: c/o VocalTec Communications Ltd., 2 Maskit Street, Herzliya 46733,
Israel.
Item 2(c). Citizenship:
La Cresta is a Panamanian corporation. Ganor and Tal are Israeli
citizens.
Item 2(d). Title of Class of Securities:
Ordinary Shares, par value NIS 0.01 per share.
Item 2(e). CUSIP Number:
928568102
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
Not Applicable.
Item 4. Ownership.
(a) Amount beneficially owned:
(i) By La Cresta: 914,050
(ii) By Ganor: 1,251,650
(iii) By Tal: 1,048,090
(b) Percent of class:
(i) La Cresta: 6.1%
(ii) Ganor: 8.4%
(iii) Tal: 7.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
A. La Cresta: 914,050
B. Ganor: 337,600
C. Tal: 134,040
(ii) Shared power to vote or to direct the vote:
A. La Cresta: - 0 -
B. Ganor: 914,050
C. Tal: 914,050
(iii) Sole power to dispose or to direct the disposition of:
A. La Cresta: 914,050
B. Ganor: 337,600
C. Tal: 134,040
(iv) Shared power to dispose or to direct the disposition of:
A. La Cresta: - 0 -
B. Ganor: 914,050
C. Tal: 914,050
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.
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. Certifications.
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned parties certifies that the information set forth in
this statement is true, complete and correct.
Date: March 17, 2004
LA CRESTA INTERNATIONAL TRADING INC.
By: /s/ Ami Tal
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Name: Ami Tal
Title: President
ELON GANOR
/s/ Elon Ganor
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AMI TAL
/s/ Ami Tal
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