zk1109470.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 7)*
 
SILICOM LIMITED
(Name of Issuer)
 
Ordinary Shares, nominal value 0.01 New Israeli Shekels per Share
(Title of class of Securities)
 
M84116 10 8
(CUSIP Number)

February 7, 2011
(Date of Event Which Requires Filing of this Statement)
 
o Rule 13d-1(b)
 
o Rule 13d-1(c)
 
x Rule 13d-1 (d)
 
Check the following box if a fee is being paid with this statement o.  (A fee is not required only if the filing person:  (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.)  (See Rule 13d-7).
 
*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   4   Pages
  
 
 
 
 
 
CUSIP NO. M84116 10 8
13G
Page   2   of   4   Pages
 
 
1
NAME OR REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Yehuda Zisapel (no social security number)
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) o
 
3
SEC USE ONLY
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Israel
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
SOLE VOTING POWER
 
130,852 Ordinary Shares
 
6
SHARED VOTING POWER
 
None
 
7
SOLE DISPOSITIVE POWER
 
130,852 Ordinary Shares
 
8
SHARED DISPOSITIVE POWER
 
None
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
130,852  Ordinary Shares
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
o
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
1.9%*
 
12
TYPE OF REPORTING PERSON*
 
IN
 
*Based on 6,879,688 Ordinary Shares that the Company advised were issued and outstanding as of  December 31, 2010
 
*SEE INSTRUCTION BEFORE FILLING OUT!
 
 
 
 
 
CUSIP NO. M84116 10 8
13G
Page   3   of   4   Pages
 
Item 1.
 
 
(a)
Silicom Limited
 
 
(b)
8 Hanagar Street, Kfar Saba Industrial Park, Kfar Saba, Israel
 
Item 2.
 
 
(a)
Yehuda Zisapel
 
 
(b)
24 Raoul Wallenberg Street, Tel-Aviv 69719, Israel
 
 
(c)
Israel
 
 
(d)
Ordinary Shares, nominal value 0.01 New Israeli Shekels per Share
 
 
(e)
M84116 10 8
 
Item 3.
 
Not applicable.
 
Item 4.
Ownership.
 
 
(a)
130,852 Ordinary Shares
 
 
(b)
1.9%
 
 
(c)   (i)
130,852 Ordinary Shares
 
 
(ii)
None
 
 
(iii)
130,852 Ordinary Shares
 
 
(iv)
None
 
Item 5.
Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.
 
Item 6.
 Ownership of More than Five Percent on Behalf of Another Person.
 
Not applicable.
 
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.

 
 
 
 
CUSIP NO. M84116 10 8
13G
Page   4   of   4   Pages
 
Item 9.
Notice of Dissolution of Group.
 
Not applicable.
 
Item 10.
Certification.
 
By signing below I certify that, to the best of my 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 purposes or effect.
 
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.
 
February 14, 2011
 
Date
  
   
/s/ Yehuda Zisapel  
Signature
  
   
Yehuda Zisapel
  
Name/Title