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SEC 1746 Potential persons who are to respond to the collection of
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UNITED STATES OMB Number: 3235-0145
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Commtouch Software Ltd.
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(Name of Issuer)
Ordinary Shares
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(Title of Class of Securities)
M25596103
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(CUSIP Number)
Gary Davis, c/o Commtouch Inc., 1300 Crittenden Lane, Suite 102, Mountain view,
CA 94043, Tel: 650-864-2271
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 16, 2002
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(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 ss 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss 240.13d-7 for other
parties to whom copies are to be sent.
* 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
disclosures provided in a prior cover page.
The information required on 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).
CUSIP No. M25596103
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Nahum Sharfman
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a).......................................................................
(b).......................................................................
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3. SEC Use Only...............................................................
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4. Source of Funds (See Instructions) PF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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 1,324,709
Shares ----------------------------------------------------------------
Beneficially 8. Shared Voting Power .......................................
Owned by ----------------------------------------------------------------
Each 9. Sole Dispositive Power 1,324,709
Reporting ----------------------------------------------------------------
Person With 10. Shared Dispositive Power ..................................
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,324,709
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) .............................................................
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13. Percent of Class Represented by Amount in Row (11) 6.0%
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14. Type of Reporting Person (See Instructions) IN
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Item 1. Security and Issuer
Ordinary Shares.
Commtouch Software Ltd., 6 Hazoran St., Poleg Industrial Park, P.O. Box 8511,
Netanya 42504, Israel
Item 2. Identity and Background
(a) Nahum Sharfman
(b) 81, Hayarkon St., Tel Aviv 63432, Israel
(c) Co-founder, DealTime Ltd. 1 Hazoran St., Netanya Israel
(d) No criminal convictions
(e) Not a party to a civil proceeding for which a judgment was entered
(f) Israeli.
Item 3. Source and Amount of Funds or Other Consideration
Personal funds totaling $170,000 were used recently in acquiring 582,192
Ordinary Shares. Prior acquisitions of ordinary shares of Commtouch Software
Ltd. were likewise made with personal funds.
Item 4. Purpose of Transaction
The securities were acquired for my own personal investment as part of a round
of financing sponsored by Commtouch Software Ltd.
(a) None.
(b) None
(c) None
(d) None
(e) None
(f) None
(g) None
(h) None
(i) None
(j) None
Item 5. Interest in Securities of the Issuer
(a) 1,324,709 Ordinary Shares, constituting 6.0% of the
outstanding amount of such class of shares
(b) 1,324,709 Ordinary Shares are subject to the sole power to
vote and sole power of disposition of the named individual.
(c) The named individual purchased 582,192 Ordinary Shares at a
purchase price of $.292 per share and received 349,314
warrants to purchase a like number of shares as part of a
private placement transaction in which 15 individual investors
invested various amounts into Commtouch Software Ltd. in
consideration for receipt of corresponding amounts of Ordinary
Shares and 60% warrant coverage. This transaction closed on
April 16, 2002. The Company has filed a Form F-3 covering this
transaction, seeking effective registration of a total of
7,095,886 Ordinary Shares.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Ordinary Shares and Warrants Purchase Agreement dated as of February 27, 2002 by
and between Commtouch Software Ltd., and the Investors Listed on Exhibit A
Thereto, incorporated herein by reference to Exhibit 2.8 to Annual Report for
fiscal year ended December 31, 2001 on Form 20-F of Commtouch Software, Ltd.,
file number 000-26495
Item 7. Material to Be Filed as Exhibits
N/A
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.
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Date June 11, 2002
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Signature /s/ Nahum Sharfman
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Name/Title Nahum Sharfman, Co-Founder