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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options (Right to Buy) | $ 0.001 | 12/31/2006 | A | 1,616,100 | (2) | 03/16/2010 | Common Stock | 1,616,100 | (3) | 1,616,100 | I | By Partnership | |||
Stock Options (Right to Buy) | $ 0.001 | 12/31/2006 | A | 1,768,402 | (4) | 03/16/2010 | Common Stock | 1,768,402 | (5) | 3,384,502 | I | By Partnership |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hurvitz Eli C/O ORTHODONTIX, 2 SNUTIT ST SCIENCE PARK, POB 455 CARMIEL, ISRAEL 21000 |
X |
David Aviezer, Power of Attorney | 01/04/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Received in exchange for 47,256 ordinary shares of Protalix Ltd. (Protalix) in connection with the merger (the Merger) of Protalix into a wholly-owned subsidiary of Orthodontix, Inc. (Orthodontix). The shares acquired consist of 1,378,278 shares of Common Stock held by Pontifax (Cayman) L.P. and 1,508,169 of Common Stock held by Pontifax (Israel) L.P. Mr. Hurvitz disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. |
(2) | All shares of Common Stock underlying the options have vested prior to the date of the transaction. |
(3) | Received in connection with the Merger in exchange for options to acquire 26,710 ordinary shares of Protalix. 771,688 of the shares of Common Stock underlying the options are held by Pontifax (Cayman) L.P., and 844,412 of the shares of Common Stock underlying the options are held by Pontifax (Israel) L.P. Mr. Hurvitz disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. |
(4) | 50% of the options vested on January 1, 2007, and an additional 10% of the options will vest at the end of each three-month period thereafter. |
(5) | Received in connection with the Merger in exchange for options to acquire 28,700 ordinary shares of Protalix. 844,412 of the shares of Common Stock underlying the options are held by Pontifax (Cayman) L.P., and 923,990 of the shares of Common Stock underlying the options are held by Pontifax (Israel) L.P. Mr. Hurvitz disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. |