OMB APPROVAL
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OMB NUMBER 3235-0145
UNITED STATES -------------------------
SECURITIES AND EXCHANGE COMMISSION EXPIRES: DECEMBER 31,2005
WASHINGTON, D.C. 20549 -------------------------
ESTIMATED AVERAGE BURDEN
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HOURS PER RESPONSE...11
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
CERAGON NETWORKS LTD.
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(Name of Issuer)
ORDINARY SHARES
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(Title of Class of Securities)
M22013102
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(CUSIP Number)
DECEMBER 31, 2003
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(Date of Event Which Requires Filing of the 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).
PAGE 1 OF 8 PAGES
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CUSIP NO. M22013102 13G PAGE 2 OF 8 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HarbourVest Partners, LLC
I.R.S. No. 04-3335829
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
Number of
Shares 1,409,175
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Beneficially 6 SHARED VOTING POWER
Owned by
Each -0-
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Reporting 7 SOLE DISPOSITIVE POWER
Person
With 1,409,175
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8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,409,175
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
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12 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 8 PAGES
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CUSIP NO. M22013102 13G PAGE 3 OF 8 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. Brooks Zug
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
Number of
Shares 0
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Beneficially 6 SHARED VOTING POWER
Owned by
Each 1,409,175
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Reporting 7 SOLE DISPOSITIVE POWER
Person
With 0
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8 SHARED DISPOSITIVE POWER
1,409,175
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,409,175
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 8 PAGES
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CUSIP NO. M22013102 13G PAGE 4 OF 8 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward W. Kane
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
Number of
Shares 0
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Beneficially 6 SHARED VOTING POWER
Owned by
Each 1,409,175
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Reporting 7 SOLE DISPOSITIVE POWER
Person
With 0
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8 SHARED DISPOSITIVE POWER
1,409,175
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,409,175
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 4 OF 8 PAGES
Item 1(a) Name of Issuer:
Ceragon Networks Ltd. (the "Company")
Item 1(b) Address of Issuer's Principal Executive Offices:
24 Raoul Wallenberg Street
Tel-Aviv 69719, Israel
Item 2(a) Name of Person Filing:
This filing is made on behalf of HarbourVest Partners, LLC
("HarbourVest"), Edward W. Kane ("Kane") and D. Brooks Zug ("Zug").
Item 2(b) Address of the Principal Offices:
The principal business office of each reporting person is
One Financial Center, 44th floor, Boston, Massachusetts
02111.
Item 2(c) Citizenship:
HarbourVest is organized and exists under the laws of the State of
Delaware. Kane and Zug are United States citizens.
Item 2(d) Title of Class of Securities:
Ordinary Shares
Item 2(e) CUSIP Number:
M22013102
Item 3 If the Statement is being filed pursuant to Rule
13d-1(b), or 13d-2(b) or (c), check whether the person
filing is a:
HarbourVest (e) (X) Investment Adviser registered under
Section 203 of the Investment
Advisers Act of 1940.
Kane: Not applicable
Zug: Not applicable
PAGE 5 OF 8 PAGES
Item 4 Ownership:
(a) Amount Beneficially Owned: HarbourVest has beneficial
ownership of 1,409,175 Ordinary shares. HarbourVest
is the managing member of HIPEP III - Direct
Associates L.L.C., which is the general partner of
HarbourVest International Private Equity Partners
III- Direct Fund L.P. ("Fund III"). Fund III is the
record and ultimate owner of the foregoing
securities. HarbourVest, in its capacity as managing
member of the general partner of Fund III, has the
sole power to vote and dispose of the securities held
by Fund III. Messrs. Kane and Zug are Managing
Members of HarbourVest. As such, they share the
voting control of HarbourVest. While neither of them
owns of record any shares of Ceragon Networks Ltd.,
as the result of their positions, Kane and Zug may be
deemed to be beneficial owners of and to have the
power to exercise or to direct the exercise of voting
and/or dispositive power with respect to the shares
reported herein. Messrs. Kane and Zug disclaim
beneficial ownership over any of the reported
securities which they may be deemed to beneficially
own.
(b) Percent of Class: 6.2% of the Common Stock.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
HarbourVest has sole power to vote or to direct the
vote of 1,409,175 shares of Common Stock.
(ii) shared power to vote or to direct the vote:
Kane and Zug share the power to vote
1,409,175 shares of Common Stock.
(iii) sole power to dispose or to direct the disposition
of:
HarbourVest has sole power to dispose or to
direct the disposition of 1,409,175 shares
of Common Stock.
(iv) shared power to dispose or to direct the disposition
of:
Kane and Zug have sole power to dispose or to direct
the disposition of 1,409,175 shares of Common Stock.
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:
See Item 4 above.
Item 7 Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company:
Not applicable.
Item 8 Identification and Classification of Members of the Group:
Not applicable.
Item 9 Notice of Dissolution of a Group:
Not applicable.
Item 10 Certification:
By signing below the undersigned certifies that, to the
best of its knowledge and belief, the securities referred
to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have
the effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purpose or effect.
PAGE 6 OF 8 PAGES
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: February 12, 2004 HARBOURVEST PARTNERS, LLC
By: /s/ Martha D. Vorlicek
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Name: Martha D. Vorlicek
Title: Managing Director
Dated: February 12, 2004 EDWARD W. KANE
By: /s/ Edward W. Kane
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Name: Edward W. Kane
Dated: February 12, 2004 D. BROOKS ZUG
By: /s/ D. Brooks Zug
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Name: D. Brooks Zug
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Sec. 240.13d-7 for other
parties for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
PAGE 7 OF 8 PAGES
EXHIBIT A
JOINT FILING AGREEMENT
HarbourVest Partners, LLC, Edward W. Kane and D. Brooks Zug agree that
the Schedule 13G, to which this Agreement is attached, relating to the Ordinary
Shares of Ceragon Networks Ltd., is filed on behalf of each of them.
Dated: February 12, 2004 HARBOURVEST PARTNERS, LLC
By: /s/ Martha D. Vorlicek
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Name: Martha D. Vorlicek
Title: Managing Director
Dated: February 12, 2004 EDWARD W. KANE
By: /s/ Edward W. Kane
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Name: Edward W. Kane
Dated: February 12, 2004 D. BROOKS ZUG
By: /s/ D. Brooks Zug
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Name: D. Brooks Zug
PAGE 8 OF 8 PAGES