SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

(Amendment No. 9)*

Ampal-American Israel Corporation

(Name of Issuer)

Common Stock, par value $1.00 per share

(Title of Class of Securities)

032015 10 9

(CUSIP Number)

Yosef A. Maiman

Ohad Maiman

Noa Maiman

Yoav Maiman

Di-Rapallo Holdings Ltd.

Merhav (M.N.F.) Ltd.

De Majorca Holdings Ltd.

33 Havazelet Hasharon St.

Herzliya, Israel 46105

972-9-9501735

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

September 16, 2008

(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: o.

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.

* 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 (the "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).

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 2 of 27

 

 

 

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

Yosef A. Maiman

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

x

 

 

(b)

o

3

SEC USE ONLY

4

SOURCE OF FUNDS

BK, PF, AF, OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

o

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Israel and Peru

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY
EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

6,418,623

8

SHARED VOTING POWER

28,500,285

9

SOLE DISPOSITIVE POWER

6,418,623

10

SHARED DISPOSITIVE POWER

28,500,285

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

34,918,908 (See Items 4 and 5 below)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

o

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

59.7%

14

TYPE OF REPORTING PERSON

IN

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 3 of 27

 

 

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

Ohad Maiman

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

x

 

 

(b)

o

3

SEC USE ONLY

4

SOURCE OF FUNDS

BK, PF, AF, OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

o

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY
EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

None.

8

SHARED VOTING POWER

28,500,285

9

SOLE DISPOSITIVE POWER

None.

10

SHARED DISPOSITIVE POWER

28,500,285

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

28,500,285 (See Items 4 and 5 below)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

o

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

49.1%

14

TYPE OF REPORTING PERSON

IN

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 4 of 27

 

 

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

Noa Maiman

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

x

 

 

(b)

o

3

SEC USE ONLY

4

SOURCE OF FUNDS

BK, PF, AF, OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

o

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY
EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

None.

8

SHARED VOTING POWER

28,500,285

9

SOLE DISPOSITIVE POWER

None.

10

SHARED DISPOSITIVE POWER

28,500,285

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

28,500,285 (See Items 4 and 5 below)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

o

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

49.1%

14

TYPE OF REPORTING PERSON

IN

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 5 of 27

 

 

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

Yoav Maiman

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

x

 

 

(b)

o

3

SEC USE ONLY

4

SOURCE OF FUNDS

BK, PF, AF, OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

o

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY
EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

None.

8

SHARED VOTING POWER

28,500,285

9

SOLE DISPOSITIVE POWER

None.

10

SHARED DISPOSITIVE POWER

28,500,285

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

28,500,285 (See Items 4 and 5 below)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

o

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

49.1%

14

TYPE OF REPORTING PERSON

CO

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 6 of 27

 

 

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

Di-Rapallo Holdings Ltd.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

x

 

 

(b)

o

3

SEC USE ONLY

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

o

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY
EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

None.

8

SHARED VOTING POWER

9,650,132

9

SOLE DISPOSITIVE POWER

None.

10

SHARED DISPOSITIVE POWER

9,650,132

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

9,650,132 (See Items 4 and 5 below)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

o

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

16.6%

14

TYPE OF REPORTING PERSON

CO

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 7 of 27

 

 

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

Merhav (M.N.F.) Ltd.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

x

 

 

(b)

o

3

SEC USE ONLY

4

SOURCE OF FUNDS

BK, PF, AF, OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

o

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY
EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

6,043,623

8

SHARED VOTING POWER

None.

9

SOLE DISPOSITIVE POWER

6,043,623

10

SHARED DISPOSITIVE POWER

None.

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,043,623 (See Items 4 and 5 below)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

o

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

10.4%

14

TYPE OF REPORTING PERSON

CO

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 8 of 27

 

 

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

De Majorca Holdings Ltd.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

x

 

 

(b)

o

3

SEC USE ONLY

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

o

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY
EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

None.

8

SHARED VOTING POWER

18,850,153

9

SOLE DISPOSITIVE POWER

None.

10

SHARED DISPOSITIVE POWER

18,850,153

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

18,850,153 (See Items 4 and 5 below)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

o

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

32.5%

14

TYPE OF REPORTING PERSON

CO

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 9 of 27

 

 

This statement constitutes Amendment No. 9 to the Statement on Schedule 13D (the “Schedule 13D”) filed with the Securities and Exchange Commission by the Reporting Persons in connection with the ownership of the Class A stock, $1.00 par value (the “Class A Stock”), of Ampal-American Israel Corporation, a New York corporation (the “Issuer”). Unless otherwise stated, the information set forth in the Schedule 13D remains accurate in all material respects. Unless otherwise defined herein, capitalized terms used herein shall have the meanings set forth in the Schedule 13D.

 

Item 2.

Identity and Background.

 

Item 2 of the Schedule 13D is hereby amended and restated as follows:

 

(a), (b), (c), (f) This Schedule 13D is being filed by or on the behalf of Mr. Yosef A. Maiman, a citizen of the State of Israel and the Republic of Peru (“Mr. Maiman”), Ohad Maiman, a citizen of the State of Israel, Noa Maiman, a citizen of the State of Israel, Yoav Maiman, a citizen of the State of Israel, Di-Rapallo Holdings Ltd., an Israeli corporation (“Di-Rapallo”), Merhav (M.N.F.) Ltd., an Israeli corporation (“Merhav”) and De Majorca Holdings Ltd., an Israeli corporation (“De Majorca”). Mr. Maiman, Ohad Maiman, Noa Maiman, Di-Rapallo, Merhav and De Majorca are hereinafter collectively referred to as the “Reporting Persons.”

 

The business address of each Reporting Person is 33 Havazelet Hasharon St., Herzliya, Israel.

 

Mr. Maiman is currently the President of Merhav and Chairman, President and Chief Executive Officer of the Issuer.

 

Ohad Maiman is currently a resident of New York, New York and is involved in the entertainment and media industries.

 

Noa Maiman is a resident of Israel and is involved in the entertainment and media industries.

 

Yoav Maiman is a resident of Israel and currently a student.

 

Di-Rapallo was formed solely for the purpose of acquiring the shares of Class A Stock. Mr. Maiman owns 100% of the economic shares and one-fourth of the voting shares of Di-Rapallo. In addition, Mr. Maiman holds an option to acquire the remaining three-fourths of the voting shares of Di-Rapallo (which are owned by Ohad Maiman, son of Mr. Maiman, Noa Maiman, daughter of Mr. Maiman and Yoav Maiman, son of Mr. Maiman). Mr. Maiman, Ohad Maiman, Noa Maiman and Yoav Maiman are the sole directors of Di-Rapallo.

 

Merhav is an international project development company based in Israel, which is wholly-owned by Mr. Maiman.

 

De Majorca was formed solely for the purpose of acquiring the shares of Class A Stock. Mr. Maiman owns 100% of the economic shares and one-fourth of the voting shares of De Majorca. In addition, Mr. Maiman holds an option to acquire the remaining three-fourths of the voting shares of De Majorca (which are owned by Ohad Maiman, Noa Maiman and Yoav Maiman). Mr. Maiman, Ohad Maiman, Noa Maiman and Yoav Maiman are the sole directors of De Majorca.

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 10 of 27

 

 

(d), (e) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following:

 

As previously disclosed, Merhav entered into a trading plan meeting the requirements of Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, (the “Trading Plan”) with Citigroup Global Markets, Inc. on June 13, 2008 for the purchase of shares of Class A Stock. Between August 15, 2008 and October 3, 2008, inclusive, Merhav (i) has purchased 350,084 shares of Class A Stock through the Trading Plan for an approximate aggregate purchase price of $1,495,928, and (ii) has purchased 27,050 shares of Class A Stock outside of the Trading Plan on the Tel Aviv Stock Exchange (the “TASE”) for an approximate aggregate purchase price of $100,362. In addition to these purchases, on September 16, 2008, Merhav purchased 528,583 shares of Class A Stock in a negotiated transaction reported on the TASE for an aggregate purchase price of $2,126,807. All such purchases made by Merhav through the Trading Plan and outside of the Trading Plan on the TASE were for cash, and the funds for these purchases were obtained through short term loans from Union Bank of Israel Ltd. (“UBI”). The loans have a term of one year and carry an interest rate of LIBOR plus 2.00% per annum.

 

Annex A annexed hereto sets forth all such purchases made by Merhav through the Trading Plan on the NASDAQ Global Market (the “NASDAQ”) and outside of the Trading Plan on the TASE.

 

Item 4.

Purpose of Transaction.

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:

 

The information disclosed above in Item 3 of this Amendment No. 9 is incorporated in this Item 4 by reference.

 

Except as set forth in this Schedule 13D, none of the Reporting Persons has any plan or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

 

Item 5.

Interest in Securities of the Issuer.

 

Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following:

 

(a)       Based on 58,086,165 shares of Class A Stock outstanding as of October 27, 2008 (as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2008, filed with the SEC on November 5, 2008), and after taking into account the potential issuance of an additional 375,000 shares of Class A Stock underlying the Options (as defined below) which are deemed to be beneficially owned by Mr. Maiman as of the date hereof (as described in Item 5(b) below), the group comprised of the Reporting Persons is the beneficial owner of 34,918,908 shares of Class A Stock, representing approximately 59.7% of the issued and outstanding Class A Stock. As described in Item 5(b) below, (i) Mr. Maiman may be deemed to be the beneficial owner of 34,918,908 shares of Class A Stock, representing approximately 59.7% of the issued and outstanding Class A Stock, (ii) each of Ohad

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 11 of 27

 

 

Maiman, Noa Maiman and Yoav Maiman may be deemed to be the beneficial owner of 28,500,285 shares of Class A Stock, representing approximately 49.1% of the issued and outstanding Class A Stock, (iii) Di-Rapallo may be deemed the beneficial owner of 9,650,132 shares of Class A Stock, representing approximately 16.6% of the issued and outstanding Class A Stock, (iv) Merhav may be deemed to be the beneficial owner of 6,043,623 shares of Class A Stock, representing approximately 10.4% of the issued and outstanding Class A Stock and (v) De Majorca may be deemed to be the beneficial owner of 18,850,153 shares of Class A Stock, representing approximately 32.5% of the issued and outstanding Class A Stock.

 

(b) Merhav and Mr. Maiman (by virtue of his 100% ownership interest in Merhav) each have the sole power to vote or direct the vote or to dispose or to direct the disposition of the 6,043,623 shares of Class A Stock beneficially owned by Merhav (the “Merhav Shares”). By virtue of the formation of the group, each of Ohad Maiman, Noa Maiman, Yoav Maiman, Di-Rapallo and De Majorca may be deemed to share the power to vote the Merhav Shares but have no rights with respect to the disposition of the Merhav Shares. Each of Ohad Maiman, Noa Maiman, Yoav Maiman, De Majorca and Di-Rapallo expressly disclaims beneficial ownership of the Merhav Shares and the filing of this Schedule 13D shall not be construed as an admission that such Reporting Persons beneficially own the Merhav Shares.

 

De Majorca has the sole power to vote or direct the vote or to dispose or to direct the disposition of 18,850,153 shares of Class A Stock (the “De Majorca Shares”). Mr. Maiman owns 100% of the economic shares and one-fourth of the voting shares of De Majorca. In addition, Mr. Maiman holds an option to acquire the remaining three-fourths of the voting shares of De Majorca (which are owned by Ohad Maiman, Noa Maiman and Yoav Maiman). Mr. Maiman by virtue of his ownership of one-fourth of the voting shares of De Majorca and the option to acquire the remaining voting shares of De Majorca may be deemed to share with De Majorca and the other individuals the power to vote or direct the vote and to dispose of or to direct the disposition of all of the De Majorca Shares. Ohad Maiman, Noa Maiman and Yoav Maiman, each by virtue of their respective ownership of one-fourth of the voting shares of De Majorca, may be deemed to share with De Majorca and the other individuals the power to vote or direct the vote and to dispose or direct the disposition of all of the De Majorca Shares. Additionally, by virtue of the formation of the group, Merhav and Di-Rapallo may be deemed to share the power to vote the De Majorca Shares but have no rights with respect to the disposition of the De Majorca Shares. Each of Merhav and Di-Rapallo expressly disclaim beneficial ownership of the De Majorca Shares and the filing of this Schedule 13D shall not be construed as an admission that Merhav or Di-Rapallo beneficially own the De Majorca Shares.

 

Di-Rapallo has the sole power to vote or direct the vote or to dispose or to direct the disposition of 9,650,132 shares of Class A Stock (the “Di-Rapallo Shares”). Mr. Maiman owns 100% of the economic shares and one-fourth of the voting shares of Di-Rapallo. In addition, Mr. Maiman holds an option to acquire the remaining three-fourths of the voting shares of Di-Rapallo (which are owned by Ohad Maiman, Noa Maiman and Yoav Maiman). Mr. Maiman by virtue of his ownership of one-fourth of the voting shares of Di-Rapallo and the option to acquire the remaining voting shares of Di-Rapallo may be deemed to share with Di-Rapallo and the other individuals the power to vote or direct the vote and to dispose of or to direct the disposition of all of the Di-Rapallo Shares. Ohad Maiman, Noa Maiman and Yoav Maiman, each by virtue of their respective ownership of one-fourth of the voting shares of Di-Rapallo, may be deemed to share with Di-Rapallo and the other individuals the power to vote or direct the vote and to dispose or direct the disposition of all of the Di-Rapallo Shares. Additionally, by virtue of the formation of the group, Merhav and De Majorca may be deemed to share the power to vote the Di-Rapallo Shares but have no rights with respect to the disposition of the Di-Rapallo Shares. Each of Merhav and De Majorca expressly disclaim beneficial ownership of the Di-Rapallo Shares and the filing

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 12 of 27

 

 

of this Schedule 13D shall not be construed as an admission that Merhav or De Majorca beneficially owns the Di-Rapallo Shares.

 

As previously disclosed, (i) on August 16, 2002, Mr. Maiman was granted options to purchase 250,000 shares of Class A Stock at $3.12 per share, which options vested in equal installments of 15,625 shares of Class A Stock beginning on November 16, 2002 and each three month anniversary thereafter, with the last installment vesting on August 16, 2006, and (ii) on December 12, 2006, Mr. Maiman was granted additional options to purchase 250,000 shares of Class A Stock at $5.06 per share, which options vested in equal installments of 15,625 shares of Class A Stock beginning on March 12, 2007 and each three month anniversary thereafter, with the last installment vesting on December 12, 2010. On December 8, 2008, the Issuer repriced the foregoing options to purchase 500,000 shares of Class A Stock by cancelling such options and granting to Mr. Maiman options to purchase 500,000 shares of Class A Stock at $1.17 per share, which options vest as follows: (a) options to purchase 359,375 shares were vested and exercisable on December 8, 2008 and (b) options to purchase 140,625 shares vest and become exercisable in installments of 15,625 shares, beginning on December 12, 2008 and each three month anniversary thereafter, with the last installment vesting on December 12, 2010 (collectively, the “Options”). As of the date hereof, Mr. Maiman has not exercised any of the Options, and 375,000 shares of Class A Stock underlying the Options are beneficially owned by Mr. Maiman as of the date hereof. By virtue of the formation of the group, each of Merhav, Di-Rapallo, De Majorca, Ohad Maiman, Noa Maiman and Yoav Maiman may be deemed to share the power to vote the Options but have no rights with respect to the disposition of the Options. Each of Merhav, Di-Rapallo, De Majorca, Ohad Maiman, Noa Maiman and Yoav Maiman expressly disclaims beneficial ownership of the Options and the filing of this Schedule 13D shall not be construed as an admission that such Reporting Persons beneficially own the Options.

 

The repricing described above was effected pursuant to a Stock Option Certificate entered into between Mr. Maiman and the Issuer, the form of which was attached as Exhibit 10.1 to the Issuer’s Current Report on Form 8-K, filed with the SEC on December 12, 2008.

 

(c) Other than as described in this Schedule 13D and in Annex A annexed hereto, none of the Reporting Persons has effected any transactions in the shares of Class A Stock since the filing of Amendment No. 8 to this Schedule 13D.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

Item 6 of the Schedule 13D is hereby amended and supplemented by adding the

following:

 

As described in Item 3 above, Merhav is financing its open market purchases made on the NASDAQ through its Trading Plan and its other purchases made on the TASE outside of the Trading Plan with short term loans from UBI. As stated above, the loans have a term of one year and carry an interest rate of LIBOR plus 2.00% per annum.

 

The information contained in Item 5 above related to the Options is incorporated herein by reference as if fully set forth herein.

 

As previously disclosed, in recognition of the Maiman family’s strong connection with the Issuer and the Reporting Persons’ common goals and objectives as shareholders, the Reporting Persons have agreed, in order to ensure the orderly management and operation of the Issuer, that they shall vote

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 13 of 27

 

 

together in the same manner at any meeting of the shareholders of the Issuer, however called, and in any action by consent of the shareholders of the Issuer. In light of their agreement to vote together, the Reporting Persons hereby acknowledge that they have formed a “group” within the meaning of Rule 13d-5(b)(1) of the Act.

 

Item 7.

Materials to be Filed as Exhibits.

 

 

1.

Joint Filing Agreement, dated as of December 29, 2008, among Yosef A. Maiman, Di-Rapallo Holdings Ltd., Merhav (M.N.F.) Ltd., De Majorca Holdings Ltd., Ohad Maiman, Noa Maiman and Yoav Maiman.

 

2.

Form of Stock Option Certificate pursuant to the 2000 Incentive Plan for Repricing of Options entered into by Ampal-American Israel Corporation and Yosef A. Maiman on December 8, 2008 (filed as Exhibit 10.1 to Ampal-American Israel’s Current Report on Form 8-K, filed with the SEC on December 12, 2008, and incorporated herein by reference).

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 14 of 27

 

 

Signatures

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.

Dated: December 29, 2008

 

 

 

/s/ Yosef A. Maiman

 

Yosef A. Maiman

 

 

 

 

 

/s/ Ohad Maiman

 

Ohad Maiman

 

 

 

 

 

/s/ Noa Maiman

 

Noa Maiman

 

 

 

 

 

/s/ Yoav Maiman

 

Yoav Maiman

 

 

 

 

 

 

 

DI-RAPALLO HOLDINGS LTD.

 

 

 

 

 

By:

/s/ Yosef A. Maiman

 

 

Name:

Yosef A. Maiman

 

 

Title:

Director

 

 

 

 

 

MERHAV (M.N.F.) LIMITED

 

 

 

 

 

By:

/s/ Yosef A. Maiman

 

 

Name:

Yosef A. Maiman

 

 

Title:

Chariman of the Board of Directors

 

 

 

 

 

 

 

 

 

DE MAJORCA HOLDINGS LTD.

 

 

 

 

 

By:

/s/ Yosef A. Maiman

 

 

Name:

Yosef A. Maiman

 

 

Title:

Director

 

 

 

 

 

 

 

 

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 15 of 27

 

 

ANNEX A

The following is a list of purchases of shares of Class A stock, $1.00 par value (the “Class A Stock”), of Ampal-American Israel Corporation, a New York corporation (the “Issuer”), effected by Merhav (M.N.F.) Ltd., an Israeli corporation (“Merhav”), since the filing of Amendment No. 8 to the Statement on Schedule 13D and prior to the date hereof. Purchases made on the NASDAQ Global Market (the “NASDAQ”) (as indicated in the table below) were effected pursuant to a trading plan meeting the requirements of Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, (the “Trading Plan”) entered into with Citigroup Global Markets, Inc. on June 13, 2008. In addition to purchases made on the NASDAQ through the Trading Plan, Merhav also made purchases of shares of Class A Stock on the Tel Aviv Stock Exchange (the “TASE”), as indicated in the table below.

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

1

400

$5.49

8/15/2008

NASDAQ

2

10,600

$5.50

8/15/2008

NASDAQ

3

200

$5.51

8/15/2008

NASDAQ

4

400

$5.52

8/15/2008

NASDAQ

5

200

$5.53

8/15/2008

NASDAQ

6

100

$5.68

8/15/2008

NASDAQ

7

2,088

$5.34

8/18/2008

NASDAQ

8

400

$5.36

8/18/2008

NASDAQ

9

600

$5.37

8/18/2008

NASDAQ

10

1,900

$5.38

8/18/2008

NASDAQ

11

200

$5.39

8/18/2008

NASDAQ

12

700

$5.41

8/18/2008

NASDAQ

13

1,400

$5.42

8/18/2008

NASDAQ

14

2,944

$5.44

8/18/2008

NASDAQ

15

768

$5.45

8/18/2008

NASDAQ

16

303

$5.28

8/19/2008

NASDAQ

17

100

$5.34

8/19/2008

NASDAQ

18

1,100

$5.35

8/19/2008

NASDAQ

19

1,100

$5.38

8/19/2008

NASDAQ

20

2,373

$5.39

8/19/2008

NASDAQ

21

1,050

$5.40

8/19/2008

NASDAQ

22

800

$5.41

8/19/2008

NASDAQ

23

900

$5.42

8/19/2008

NASDAQ

24

900

$5.43

8/19/2008

NASDAQ

25

200

$5.44

8/19/2008

NASDAQ

26

500

$5.45

8/19/2008

NASDAQ

27

200

$5.46

8/19/2008

NASDAQ

28

74

$5.47

8/19/2008

NASDAQ

29

300

$5.48

8/19/2008

NASDAQ

30

100

$5.49

8/19/2008

NASDAQ

31

100

$5.50

8/19/2008

NASDAQ

32

900

$5.51

8/19/2008

NASDAQ

33

900

$5.39

8/20/2008

NASDAQ

34

700

$5.40

8/20/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 16 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

35

1,064

$5.41

8/20/2008

NASDAQ

36

1,829

$5.42

8/20/2008

NASDAQ

37

1,800

$5.43

8/20/2008

NASDAQ

38

600

$5.44

8/20/2008

NASDAQ

39

1,600

$5.45

8/20/2008

NASDAQ

40

800

$5.47

8/20/2008

NASDAQ

41

100

$5.49

8/20/2008

NASDAQ

42

1,607

$5.50

8/20/2008

NASDAQ

43

699

$5.18

8/21/2008

NASDAQ

44

1,700

$5.20

8/21/2008

NASDAQ

45

900

$5.21

8/21/2008

NASDAQ

46

900

$5.22

8/21/2008

NASDAQ

47

568

$5.23

8/21/2008

NASDAQ

48

200

$5.24

8/21/2008

NASDAQ

49

13

$5.27

8/21/2008

NASDAQ

50

600

$5.30

8/21/2008

NASDAQ

51

1,487

$5.33

8/21/2008

NASDAQ

52

200

$5.34

8/21/2008

NASDAQ

53

1,000

$5.28

8/22/2008

NASDAQ

54

100

$5.29

8/22/2008

NASDAQ

55

1,256

$5.31

8/22/2008

NASDAQ

56

100

$5.32

8/22/2008

NASDAQ

57

2,273

$5.50

8/22/2008

NASDAQ

58

100

$5.52

8/22/2008

NASDAQ

59

1,400

$5.54

8/22/2008

NASDAQ

60

4,200

$5.55

8/22/2008

NASDAQ

61

71

$5.56

8/22/2008

NASDAQ

62

6

$5.35

8/25/2008

NASDAQ

63

50

$5.36

8/25/2008

NASDAQ

64

828

$5.37

8/25/2008

NASDAQ

65

1,214

$5.38

8/25/2008

NASDAQ

66

2,352

$5.39

8/25/2008

NASDAQ

67

329

$5.40

8/25/2008

NASDAQ

68

5,100

$5.41

8/25/2008

NASDAQ

69

101

$4.98

8/26/2008

NASDAQ

70

1,302

$5.00

8/26/2008

NASDAQ

71

300

$5.08

8/26/2008

NASDAQ

72

900

$5.09

8/26/2008

NASDAQ

73

4,900

$5.10

8/26/2008

NASDAQ

74

700

$5.13

8/26/2008

NASDAQ

75

400

$5.14

8/26/2008

NASDAQ

76

200

$5.15

8/26/2008

NASDAQ

77

800

$5.17

8/26/2008

NASDAQ

78

600

$4.85

8/27/2008

NASDAQ

79

72

$4.86

8/27/2008

NASDAQ

80

1,050

$4.87

8/27/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 17 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

81

969

$4.88

8/27/2008

NASDAQ

82

600

$4.89

8/27/2008

NASDAQ

83

1,200

$4.90

8/27/2008

NASDAQ

84

936

$4.91

8/27/2008

NASDAQ

85

1,250

$4.93

8/27/2008

NASDAQ

86

400

$4.936

8/27/2008

NASDAQ

87

1,002

$4.94

8/27/2008

NASDAQ

88

1,800

$4.96

8/27/2008

NASDAQ

89

1,732

$4.71

8/28/2008

NASDAQ

90

100

$4.7325

8/28/2008

NASDAQ

91

5,915

$4.74

8/28/2008

NASDAQ

92

200

$4.75

8/28/2008

NASDAQ

93

1,100

$4.76

8/28/2008

NASDAQ

94

100

$4.79

8/28/2008

NASDAQ

95

200

$4.80

8/28/2008

NASDAQ

96

532

$4.81

8/28/2008

NASDAQ

97

200

$4.67

8/29/2008

NASDAQ

98

500

$4.69

8/29/2008

NASDAQ

99

360

$4.70

8/29/2008

NASDAQ

100

300

$4.71

8/29/2008

NASDAQ

101

3,303

$4.72

8/29/2008

NASDAQ

102

400

$4.73

8/29/2008

NASDAQ

103

2,843

$4.74

8/29/2008

NASDAQ

104

1,274

$4.76

8/29/2008

NASDAQ

105

300

$4.74

9/2/2008

NASDAQ

106

803

$4.76

9/2/2008

NASDAQ

107

277

$4.77

9/2/2008

NASDAQ

108

1,215

$4.78

9/2/2008

NASDAQ

109

300

$4.79

9/2/2008

NASDAQ

110

300

$4.80

9/2/2008

NASDAQ

111

205

$4.81

9/2/2008

NASDAQ

112

100

$4.84

9/2/2008

NASDAQ

113

400

$4.86

9/2/2008

NASDAQ

114

300

$4.87

9/2/2008

NASDAQ

115

100

$4.95

9/2/2008

NASDAQ

116

280

$4.97

9/2/2008

NASDAQ

117

120

$4.98

9/2/2008

NASDAQ

118

8

$4.99

9/2/2008

NASDAQ

119

1,092

$5.00

9/2/2008

NASDAQ

120

115

$4.72

9/3/2008

NASDAQ

121

20

$4.73

9/3/2008

NASDAQ

122

300

$4.76

9/3/2008

NASDAQ

123

300

$4.78

9/3/2008

NASDAQ

124

1,400

$4.79

9/3/2008

NASDAQ

125

200

$4.80

9/3/2008

NASDAQ

126

391

$4.81

9/3/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 18 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

127

2,492

$4.82

9/3/2008

NASDAQ

128

2,844

$4.83

9/3/2008

NASDAQ

129

100

$4.84

9/3/2008

NASDAQ

130

1,100

$4.86

9/3/2008

NASDAQ

131

400

$4.87

9/3/2008

NASDAQ

132

121

$4.90

9/3/2008

NASDAQ

133

233

$4.88

9/4/2008

NASDAQ

134

800

$4.89

9/4/2008

NASDAQ

135

2,130

$4.90

9/4/2008

NASDAQ

136

900

$4.91

9/4/2008

NASDAQ

137

390

$4.92

9/4/2008

NASDAQ

138

100

$4.93

9/4/2008

NASDAQ

139

474

$4.94

9/4/2008

NASDAQ

140

132

$4.95

9/4/2008

NASDAQ

141

232

$4.97

9/4/2008

NASDAQ

142

3,080

$4.98

9/4/2008

NASDAQ

143

1,312

$5.03

9/4/2008

NASDAQ

144

60

$4.62

9/5/2008

NASDAQ

145

100

$4.69

9/5/2008

NASDAQ

146

700

$4.76

9/5/2008

NASDAQ

147

770

$4.77

9/5/2008

NASDAQ

148

907

$4.78

9/5/2008

NASDAQ

149

300

$4.80

9/5/2008

NASDAQ

150

100

$4.81

9/5/2008

NASDAQ

151

700

$4.82

9/5/2008

NASDAQ

152

440

$4.84

9/5/2008

NASDAQ

153

500

$4.85

9/5/2008

NASDAQ

154

400

$4.86

9/5/2008

NASDAQ

155

100

$4.87

9/5/2008

NASDAQ

156

800

$4.89

9/5/2008

NASDAQ

157

200

$4.75

9/8/2008

NASDAQ

158

447

$4.76

9/8/2008

NASDAQ

159

100

$4.78

9/8/2008

NASDAQ

160

100

$4.79

9/8/2008

NASDAQ

161

100

$4.80

9/8/2008

NASDAQ

162

400

$4.85

9/8/2008

NASDAQ

163

100

$4.87

9/8/2008

NASDAQ

164

1,300

$4.91

9/8/2008

NASDAQ

165

300

$4.94

9/8/2008

NASDAQ

166

300

$4.95

9/8/2008

NASDAQ

167

100

$4.96

9/8/2008

NASDAQ

168

1,351

$4.97

9/8/2008

NASDAQ

169

649

$4.99

9/8/2008

NASDAQ

170

3,146

$5.00

9/8/2008

NASDAQ

171

363

$4.94

9/9/2008

NASDAQ

172

900

$4.96

9/9/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 19 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

173

981

$4.98

9/9/2008

NASDAQ

174

500

$4.99

9/9/2008

NASDAQ

175

1,300

$5.00

9/9/2008

NASDAQ

176

649

$5.01

9/9/2008

NASDAQ

177

800

$5.02

9/9/2008

NASDAQ

178

700

$5.03

9/9/2008

NASDAQ

179

500

$5.04

9/9/2008

NASDAQ

180

1,300

$5.08

9/9/2008

NASDAQ

181

600

$5.09

9/9/2008

NASDAQ

182

219

$4.81

9/10/2008

NASDAQ

183

100

$4.83

9/10/2008

NASDAQ

184

300

$4.85

9/10/2008

NASDAQ

185

400

$4.87

9/10/2008

NASDAQ

186

662

$4.88

9/10/2008

NASDAQ

187

538

$4.91

9/10/2008

NASDAQ

188

200

$4.93

9/10/2008

NASDAQ

189

400

$4.95

9/10/2008

NASDAQ

190

600

$4.98

9/10/2008

NASDAQ

191

2,900

$4.99

9/10/2008

NASDAQ

192

2,081

$5.00

9/10/2008

NASDAQ

193

193

$5.01

9/10/2008

NASDAQ

194

1,100

$4.71

9/11/2008

NASDAQ

195

600

$4.72

9/11/2008

NASDAQ

196

1,200

$4.73

9/11/2008

NASDAQ

197

200

$4.76

9/11/2008

NASDAQ

198

100

$4.78

9/11/2008

NASDAQ

199

600

$4.79

9/11/2008

NASDAQ

200

2,100

$4.80

9/11/2008

NASDAQ

201

600

$4.81

9/11/2008

NASDAQ

202

300

$4.82

9/11/2008

NASDAQ

203

100

$4.84

9/11/2008

NASDAQ

204

687

$4.85

9/11/2008

NASDAQ

205

313

$4.86

9/11/2008

NASDAQ

206

255

$4.87

9/11/2008

NASDAQ

207

438

$4.88

9/11/2008

NASDAQ

208

300

$4.83

9/12/2008

NASDAQ

209

500

$4.84

9/12/2008

NASDAQ

210

404

$4.86

9/12/2008

NASDAQ

211

1

$4.87

9/12/2008

NASDAQ

212

1,296

$4.88

9/12/2008

NASDAQ

213

1,599

$4.89

9/12/2008

NASDAQ

214

100

$4.90

9/12/2008

NASDAQ

215

300

$4.92

9/12/2008

NASDAQ

216

600

$4.94

9/12/2008

NASDAQ

217

2,243

$4.95

9/12/2008

NASDAQ

218

700

$4.96

9/12/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 20 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

219

350

$4.97

9/12/2008

NASDAQ

220

200

$4.98

9/12/2008

NASDAQ

221

100

$4.63

9/15/2008

NASDAQ

222

200

$4.67

9/15/2008

NASDAQ

223

100

$4.68

9/15/2008

NASDAQ

224

733

$4.69

9/15/2008

NASDAQ

225

100

$4.70

9/15/2008

NASDAQ

226

39

$4.72

9/15/2008

NASDAQ

227

100

$4.73

9/15/2008

NASDAQ

228

200

$4.74

9/15/2008

NASDAQ

229

800

$4.75

9/15/2008

NASDAQ

230

234

$4.79

9/15/2008

NASDAQ

231

400

$4.80

9/15/2008

NASDAQ

232

300

$4.81

9/15/2008

NASDAQ

233

1,579

$4.82

9/15/2008

NASDAQ

234

200

$4.83

9/15/2008

NASDAQ

235

200

$4.85

9/15/2008

NASDAQ

236

500

$4.86

9/15/2008

NASDAQ

237

2,100

$4.87

9/15/2008

NASDAQ

238

200

$4.88

9/15/2008

NASDAQ

239

100

$4.92

9/15/2008

NASDAQ

240

6

$4.03

9/16/2008

NASDAQ

241

254

$4.06

9/16/2008

NASDAQ

242

173

$4.10

9/16/2008

NASDAQ

243

400

$4.18

9/16/2008

NASDAQ

244

140

$4.20

9/16/2008

NASDAQ

245

200

$4.21

9/16/2008

NASDAQ

246

185

$4.22

9/16/2008

NASDAQ

247

400

$4.23

9/16/2008

NASDAQ

248

2,600

$4.24

9/16/2008

NASDAQ

249

127

$4.25

9/16/2008

NASDAQ

250

1,300

$4.27

9/16/2008

NASDAQ

251

700

$4.28

9/16/2008

NASDAQ

252

10

$4.29

9/16/2008

NASDAQ

253

200

$4.31

9/16/2008

NASDAQ

254

500

$4.32

9/16/2008

NASDAQ

255

990

$4.35

9/16/2008

NASDAQ

256

528,583

$4.0236

9/16/2008

TASE

257

44

$3.34

9/17/2008

NASDAQ

258

114

$3.35

9/17/2008

NASDAQ

259

249

$3.36

9/17/2008

NASDAQ

260

463

$3.37

9/17/2008

NASDAQ

261

200

$3.39

9/17/2008

NASDAQ

262

300

$3.42

9/17/2008

NASDAQ

263

1,365

$3.44

9/17/2008

NASDAQ

264

604

$3.45

9/17/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 21 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

265

501

$3.47

9/17/2008

NASDAQ

266

300

$3.48

9/17/2008

NASDAQ

267

200

$3.49

9/17/2008

NASDAQ

268

200

$3.50

9/17/2008

NASDAQ

269

100

$3.53

9/17/2008

NASDAQ

270

400

$3.58

9/17/2008

NASDAQ

271

100

$3.59

9/17/2008

NASDAQ

272

600

$3.60

9/17/2008

NASDAQ

273

897

$3.70

9/17/2008

NASDAQ

274

24

$3.72

9/17/2008

NASDAQ

275

103

$3.73

9/17/2008

NASDAQ

276

100

$3.75

9/17/2008

NASDAQ

277

476

$3.76

9/17/2008

NASDAQ

278

145

$3.78

9/17/2008

NASDAQ

279

500

$3.80

9/17/2008

NASDAQ

280

100

$3.82

9/17/2008

NASDAQ

281

100

$3.83

9/17/2008

NASDAQ

282

524

$4.20

9/17/2008

TASE

283

9,192

$4.22

9/17/2008

TASE

284

1,952

$4.23

9/17/2008

TASE

285

1,382

$4.27

9/17/2008

TASE

286

100

$2.93

9/18/2008

NASDAQ

287

100

$2.9775

9/18/2008

NASDAQ

288

200

$2.98

9/18/2008

NASDAQ

289

300

$3.08

9/18/2008

NASDAQ

290

800

$3.09

9/18/2008

NASDAQ

291

300

$3.10

9/18/2008

NASDAQ

292

300

$3.16

9/18/2008

NASDAQ

293

300

$3.17

9/18/2008

NASDAQ

294

300

$3.18

9/18/2008

NASDAQ

295

300

$3.19

9/18/2008

NASDAQ

296

300

$3.20

9/18/2008

NASDAQ

297

300

$3.21

9/18/2008

NASDAQ

298

100

$3.22

9/18/2008

NASDAQ

299

200

$3.23

9/18/2008

NASDAQ

300

300

$3.30

9/18/2008

NASDAQ

301

300

$3.32

9/18/2008

NASDAQ

302

400

$3.34

9/18/2008

NASDAQ

303

100

$3.40

9/18/2008

NASDAQ

304

300

$3.42

9/18/2008

NASDAQ

305

100

$3.47

9/18/2008

NASDAQ

306

900

$3.50

9/18/2008

NASDAQ

307

585

$3.51

9/18/2008

NASDAQ

308

100

$3.54

9/18/2008

NASDAQ

309

600

$3.55

9/18/2008

NASDAQ

310

200

$3.56

9/18/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 22 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

311

400

$3.57

9/18/2008

NASDAQ

312

2,813

$3.15

9/18/2008

TASE

313

7,070

$3.24

9/18/2008

TASE

314

1,621

$3.25

9/18/2008

TASE

315

496

$3.26

9/18/2008

TASE

316

2,000

$3.28

9/18/2008

TASE

317

185

$3.87

9/19/2008

NASDAQ

318

200

$3.88

9/19/2008

NASDAQ

319

400

$3.89

9/19/2008

NASDAQ

320

1,500

$3.90

9/19/2008

NASDAQ

321

200

$3.92

9/19/2008

NASDAQ

322

200

$3.93

9/19/2008

NASDAQ

323

10

$3.94

9/19/2008

NASDAQ

324

1,913

$3.95

9/19/2008

NASDAQ

325

500

$3.96

9/19/2008

NASDAQ

326

900

$3.97

9/19/2008

NASDAQ

327

2,065

$3.98

9/19/2008

NASDAQ

328

12

$3.99

9/19/2008

NASDAQ

329

100

$4.01

9/19/2008

NASDAQ

330

400

$3.48

9/22/2008

NASDAQ

331

1,700

$3.49

9/22/2008

NASDAQ

332

518

$3.50

9/22/2008

NASDAQ

333

400

$3.51

9/22/2008

NASDAQ

334

225

$3.52

9/22/2008

NASDAQ

335

575

$3.53

9/22/2008

NASDAQ

336

500

$3.54

9/22/2008

NASDAQ

337

1,702

$3.55

9/22/2008

NASDAQ

338

500

$3.56

9/22/2008

NASDAQ

339

300

$3.57

9/22/2008

NASDAQ

340

400

$3.58

9/22/2008

NASDAQ

341

900

$3.59

9/22/2008

NASDAQ

342

900

$3.60

9/22/2008

NASDAQ

343

200

$3.61

9/22/2008

NASDAQ

344

1,000

$3.62

9/22/2008

NASDAQ

345

1,010

$3.63

9/22/2008

NASDAQ

346

300

$3.64

9/22/2008

NASDAQ

347

400

$3.65

9/22/2008

NASDAQ

348

990

$3.66

9/22/2008

NASDAQ

349

100

$3.05

9/23/2008

NASDAQ

350

300

$3.09

9/23/2008

NASDAQ

351

171

$3.11

9/23/2008

NASDAQ

352

929

$3.18

9/23/2008

NASDAQ

353

300

$3.22

9/23/2008

NASDAQ

354

700

$3.24

9/23/2008

NASDAQ

355

1,200

$3.25

9/23/2008

NASDAQ

356

17

$3.26

9/23/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 23 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

357

500

$3.28

9/23/2008

NASDAQ

358

1,000

$3.30

9/23/2008

NASDAQ

359

483

$3.32

9/23/2008

NASDAQ

360

280

$3.33

9/23/2008

NASDAQ

361

1,640

$3.35

9/23/2008

NASDAQ

362

1,300

$3.36

9/23/2008

NASDAQ

363

600

$3.38

9/23/2008

NASDAQ

364

2,200

$3.39

9/23/2008

NASDAQ

365

900

$3.40

9/23/2008

NASDAQ

366

300

$3.44

9/23/2008

NASDAQ

367

1,701

$3.19

9/24/2008

NASDAQ

368

5,120

$3.20

9/24/2008

NASDAQ

369

1,399

$3.21

9/24/2008

NASDAQ

370

500

$3.22

9/24/2008

NASDAQ

371

265

$3.23

9/24/2008

NASDAQ

372

1,200

$3.24

9/24/2008

NASDAQ

373

2,235

$3.25

9/24/2008

NASDAQ

374

400

$3.27

9/24/2008

NASDAQ

375

100

$3.30

9/24/2008

NASDAQ

376

900

$3.05

9/25/2008

NASDAQ

377

800

$3.06

9/25/2008

NASDAQ

378

200

$3.07

9/25/2008

NASDAQ

379

391

$3.08

9/25/2008

NASDAQ

380

1,700

$3.09

9/25/2008

NASDAQ

381

2,929

$3.10

9/25/2008

NASDAQ

382

1,500

$3.11

9/25/2008

NASDAQ

383

1,100

$3.12

9/25/2008

NASDAQ

384

1,600

$3.13

9/25/2008

NASDAQ

385

100

$3.135

9/25/2008

NASDAQ

386

800

$3.14

9/25/2008

NASDAQ

387

700

$3.15

9/25/2008

NASDAQ

388

100

$3.1525

9/25/2008

NASDAQ

389

100

$3.155

9/25/2008

NASDAQ

390

1,874

$2.94

9/26/2008

NASDAQ

391

500

$2.945

9/26/2008

NASDAQ

392

804

$2.95

9/26/2008

NASDAQ

393

300

$2.96

9/26/2008

NASDAQ

394

1,000

$2.97

9/26/2008

NASDAQ

395

1,103

$2.98

9/26/2008

NASDAQ

396

800

$2.99

9/26/2008

NASDAQ

397

1,200

$3.00

9/26/2008

NASDAQ

398

200

$3.01

9/26/2008

NASDAQ

399

100

$3.07

9/26/2008

NASDAQ

400

500

$3.08

9/26/2008

NASDAQ

401

600

$3.09

9/26/2008

NASDAQ

402

3,939

$3.10

9/26/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 24 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

403

409

$2.87

9/29/2008

NASDAQ

404

901

$2.88

9/29/2008

NASDAQ

405

2,500

$2.89

9/29/2008

NASDAQ

406

3,799

$2.90

9/29/2008

NASDAQ

407

100

$2.91

9/29/2008

NASDAQ

408

800

$2.92

9/29/2008

NASDAQ

409

300

$2.93

9/29/2008

NASDAQ

410

200

$2.94

9/29/2008

NASDAQ

411

691

$2.942

9/29/2008

NASDAQ

412

100

$2.95

9/29/2008

NASDAQ

413

900

$2.96

9/29/2008

NASDAQ

414

1,891

$2.97

9/29/2008

NASDAQ

415

1,500

$2.98

9/29/2008

NASDAQ

416

600

$3.02

9/29/2008

NASDAQ

417

100

$2.93

9/30/2008

NASDAQ

418

100

$2.98

9/30/2008

NASDAQ

419

300

$2.99

9/30/2008

NASDAQ

420

820

$3.00

9/30/2008

NASDAQ

421

24

$3.07

9/30/2008

NASDAQ

422

3,376

$3.08

9/30/2008

NASDAQ

423

700

$3.16

9/30/2008

NASDAQ

424

2,100

$3.17

9/30/2008

NASDAQ

425

1,300

$3.18

9/30/2008

NASDAQ

426

271

$3.20

9/30/2008

NASDAQ

427

300

$3.21

9/30/2008

NASDAQ

428

300

$3.22

9/30/2008

NASDAQ

429

1,000

$3.23

9/30/2008

NASDAQ

430

800

$3.24

9/30/2008

NASDAQ

431

400

$3.25

9/30/2008

NASDAQ

432

600

$3.26

9/30/2008

NASDAQ

433

400

$3.27

9/30/2008

NASDAQ

434

1,500

$3.29

9/30/2008

NASDAQ

435

300

$3.30

9/30/2008

NASDAQ

436

605

$2.91

10/1/2008

NASDAQ

437

998

$2.95

10/1/2008

NASDAQ

438

1,501

$2.97

10/1/2008

NASDAQ

439

1,163

$2.98

10/1/2008

NASDAQ

440

995

$2.99

10/1/2008

NASDAQ

441

1,100

$3.00

10/1/2008

NASDAQ

442

900

$3.01

10/1/2008

NASDAQ

443

1,800

$3.02

10/1/2008

NASDAQ

444

300

$3.025

10/1/2008

NASDAQ

445

300

$3.03

10/1/2008

NASDAQ

446

2,529

$3.04

10/1/2008

NASDAQ

447

1,900

$3.06

10/1/2008

NASDAQ

448

500

$3.08

10/1/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 25 of 27

 

 

No.

 

Shares Purchased

 

Price Per Share

 

Date

 

Exchange

 

449

100

$3.20

10/1/2008

NASDAQ

450

100

$2.94

10/2/2008

NASDAQ

451

600

$2.95

10/2/2008

NASDAQ

452

2,000

$2.97

10/2/2008

NASDAQ

453

1,800

$2.98

10/2/2008

NASDAQ

454

900

$2.99

10/2/2008

NASDAQ

455

3,000

$3.00

10/2/2008

NASDAQ

456

2,291

$3.01

10/2/2008

NASDAQ

457

500

$3.02

10/2/2008

NASDAQ

458

600

$3.03

10/2/2008

NASDAQ

459

800

$3.04

10/2/2008

NASDAQ

460

1,600

$3.05

10/2/2008

NASDAQ

461

200

$3.09

10/2/2008

NASDAQ

462

300

$3.10

10/2/2008

NASDAQ

463

500

$3.01

10/3/2008

NASDAQ

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 26 of 27

 

 

Exhibit 1

JOINT FILING AGREEMENT

 

THIS JOINT FILING AGREEMENT (this “Agreement”) is entered into as of the 29th day of December, 2008 by and among Mr. Yosef A. Maiman, a citizen of Israel and Peru, Di-Rapallo Holdings Ltd., an Israeli corporation, Merhav (M.N.F.) Ltd., an Israeli corporation, De Majorca Holdings Ltd., an Israeli corporation, Mr. Ohad Maiman, a citizen of Israel, Ms. Noa Maiman, a citizen of Israel, and Mr. Yoav Maiman, a citizen of Israel.

 

Each party hereto hereby agrees to prepare jointly and to file timely (or otherwise to deliver, as appropriate) all statements on Schedule 13D or amendments thereto (“13D Filings”) required to be filed by them pursuant to the Securities Exchange Act of 1934, as amended, with respect to their respective ownership of Class A stock, $1.00 par value, of Ampal-American Israel Corporation, and each mutually covenants to each of the other parties that it will fully cooperate with the others in the preparation and timely filing of all such 13D Filings.

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the

date first above set forth.

 

 

/s/ Yosef A. Maiman

 

Yosef A. Maiman

 

 

 

 

 

/s/ Ohad Maiman

 

Ohad Maiman

 

 

 

 

 

/s/ Noa Maiman

 

Noa Maiman

 

 

 

 

 

/s/ Yoav Maiman

 

Yoav Maiman

 

 

 

 

 

DI-RAPALLO HOLDINGS LTD.

 

 

 

By:

/s/ Yosef A. Maiman

 

 

Name:

Yosef A. Maiman

 

 

Title:

Director

 

 

 

 

 

 

SCHEDULE 13D

 

CUSIP NO. 032015 10 9

 

Page 27 of 27

 

 

 

MERHAV (M.N.F.) LIMITED

 

 

 

By:

/s/ Yosef A. Maiman

 

 

Name:

Yosef A. Maiman

 

 

Title:

Chariman of the Board of Directors

 

 

 

 

 

 

 

 

 

DE MAJORCA HOLDINGS LTD.

 

 

 

By:

/s/ Yosef A. Maiman

 

 

Name:

Yosef A. Maiman

 

 

Title:

Director