zk1009135.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 November 2010
 
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/ Mira Rosenzweig,  
   
Mira Rosenzweig,
  
   
Chief Financial Officer
  
       
Dated: November 30, 2010
 
 
 
 
 
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, 2008, 2009 and for the six-month period ending June 30, 2010, were given in the Company’s previous reports concerning the Standard.
 
The net amount of capitalized development expenses reflected on Priotech’s consolidated statements for the nine month period ended September 30, 2010 is US$2,269 thousands.
 
Another item of disclosure on Priortech’s reports reflects the fact that on September 30, 2010, Camtek was engaged in hedging transactions in US Dollars on the NIS exchange rate. The open hedging transactions as of September 30, 2010, are displayed in the following table:
 
Base
Deal Type
Expiry
Trade Date
Market Rate
Market Value
Amt.
Date
(USD)
-200,000
Bought Eu.Opt
27/10/2010
28/04/2010
3.6665
964
200,000
Sold Eu.Opt
27/10/2010
28/04/2010
3.6665
-79
-200,000
Bought Eu.Opt
27/10/2010
06/05/2010
3.6665
2,605
200,000
Sold Eu.Opt
27/10/2010
06/05/2010
3.6665
-22
-300,000
Bought Eu.Opt
27/10/2010
25/02/2010
3.6665
6,694
300,000
Sold Eu.Opt
27/10/2010
25/02/2010
3.6665
-67
-300,000
Bought Eu.Opt
27/10/2010
08/06/2010
3.6665
10,463
300,000
Sold Eu.Opt
27/10/2010
08/06/2010
3.6665
-8
-300,000
Bought Eu.Opt
24/11/2010
25/02/2010
3.6686
7,081
300,000
Sold Eu.Opt
24/11/2010
25/02/2010
3.6686
-187
-200,000
Bought Eu.Opt
24/11/2010
28/04/2010
3.6686
1,482
200,000
Sold Eu.Opt
24/11/2010
28/04/2010
3.6686
-192
-200,000
Bought Eu.Opt
24/11/2010
06/05/2010
3.6686
3,030
200,000
Sold Eu.Opt
24/11/2010
06/05/2010
3.6686
-83
-300,000
Bought Eu.Opt
24/11/2010
08/06/2010
3.6686
10,639
300,000
Sold Eu.Opt
24/11/2010
08/06/2010
3.6686
-49
-300,000
Bought Eu.Opt
29/12/2010
25/02/2010
3.6705
7,679
-200,000
Bought Eu.Opt
29/12/2010
28/04/2010
3.6705
2,006
200,000
Sold Eu.Opt
29/12/2010
28/04/2010
3.6705
-447
-200,000
Bought Eu.Opt
29/12/2010
06/05/2010
3.6705
3,512
200,000
Sold Eu.Opt
29/12/2010
06/05/2010
3.6705
-287
-300,000
Bought Eu.Opt
29/12/2010
08/06/2010
3.6705
11,084
300,000
Sold Eu.Opt
29/12/2010
08/06/2010
3.6705
-259
300,000
Sold Eu.Opt
29/12/2010
25/02/2010
3.6705
-496
-300,000
Bought Eu.Opt
27/01/2011
08/06/2010
3.6730
11,398
300,000
Sold Eu.Opt
27/01/2011
08/06/2010
3.6730
-505
-400,000
Bought Eu.Opt
27/01/2011
07/07/2010
3.6730
16,123
400,000
Sold Eu.Opt
27/01/2011
07/07/2010
3.6730
-567
300,000
Sold Eu.Opt
24/02/2011
08/06/2010
3.6756
-747
400,000
Sold Eu.Opt
24/02/2011
07/07/2010
3.6756
-856
-400,000
Bought Eu.Opt
24/02/2011
07/07/2010
3.6756
16,462
-300,000
Bought Eu.Opt
24/02/2011
08/06/2010
3.6756
11,870
400,000
Sold Eu.Opt
29/03/2011
07/07/2010
3.6786
-1,255
300,000
Sold Eu.Opt
29/03/2011
08/06/2010
3.6786
-1,069
-300,000
Bought Eu.Opt
29/03/2011
08/06/2010
3.6786
11,630
-400,000
Bought Eu.Opt
29/03/2011
07/07/2010
3.6786
16,831
400,000
Sold Eu.Opt
27/04/2011
07/07/2010
3.6810
-1,620
-400,000
Bought Eu.Opt
27/04/2011
07/07/2010
3.6810
17,185
-400,000
Bought Eu.Opt
26/05/2011
07/07/2010
3.6830
17,541
400,000
Sold Eu.Opt
26/05/2011
07/07/2010
3.6830
-2,000
400,000
Sold Eu.Opt
28/06/2011
07/07/2010
3.6850
-2,432
-400,000
Bought Eu.Opt
28/06/2011
07/07/2010
3.6850
17,942