UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Mind C.T.I. Ltd.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
M70240102
(CUSIP Number)
December 31, 2005
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] 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 10 pages
CUSIP No. M70240102 13G Page 2 of 10 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oberweis Asset Management, Inc.
36-3668290
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
Not Applicable
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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5 SOLE VOTING POWER
None
------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH ------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
Not Applicable [_]
------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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CUSIP No. M70240102 13G Page 3 of 10 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James D. Oberweis
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
Not Applicable
(a) [_]
(b) [_]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
-------------------------------------------------------------------------------
5 SOLE VOTING POWER
None
------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH ------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
Not Applicable [_]
------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
------------------------------------------------------------------------------
CUSIP No. M70240102 13G Page 4 of 10 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James W. Oberweis
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
Not Applicable
(a) [_]
(b) [_]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
-------------------------------------------------------------------------------
5 SOLE VOTING POWER
None
------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
Not Applicable [_]
------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
------------------------------------------------------------------------------
Item 1(a) Name of Issuer:
Mind C.T.I. Ltd.
Item 1(b) Address of Issuer's Principal Executive Offices:
Industrial Park
Building #7
Yokneam, 20692, Israel
Item 2(a) Name of Person Filing:
Oberweis Asset Management, Inc. ("OAM")
James D. Oberweis
James W. Oberweis
Item 2(b) Address of Principal Business Office or, if none, Residence:
OAM, James D. Oberweis and James W. Oberweis are located at:
3333 Warrenville Road
Suite 500
Lisle, IL 60532
Item 2(c) Citizenship:
OAM is an Illinois Corporation.
James D. Oberweis and James W. Oberweis are U.S. citizens.
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
M70240102
Item 3 Type of Person:
(e) OAM is an investment adviser in accordance with
(S)240.13d-1(b)(1)(ii)(E). James D. Oberweis and James W.
Oberweis are the principal stockholders of OAM.
Item 4 Ownership (at December 31, 2005):
(a) Amount owned "beneficially" within the meaning of
rule 13d-3:
0 shares
(b) Percent of class:
0% (based on 21,579,000 shares outstanding on September 30,
2005)
Page 5 of 10 pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: none
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: none
(iv) shared power to dispose or to direct disposition of: 0
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
Item 9 Notice of Dissolution of Group:
Not Applicable
Page 6 of 10 pages
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Page 7 of 10 pages
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.
Date: February 14, 2006
The undersigned corporation, on the date above written, agrees and consents
to the joint filing on its behalf of this Schedule 13G in connection with
its beneficial ownership of the security reported herein.
OBERWEIS ASSET MANAGEMENT, INC.
By: /s/ Patrick B. Joyce
------------------------------
Patrick B. Joyce
Executive Vice President
The undersigned individual, on the date above written, agrees and consents
to the joint filing on his behalf of this Schedule 13G in connection with
his beneficial ownership of the security reported herein.
By: /s/ James D. Oberweis
------------------------------
James D. Oberweis
The undersigned individual, on the date above written, agrees and consents
to the joint filing on his behalf of this Schedule 13G in connection with
his beneficial ownership of the security reported herein.
By: /s/ James W. Oberweis
------------------------------
James W. Oberweis
Page 8 of 10 pages
Exhibit Index
Exhibit 1 Joint Filing Agreement dated as of February 14, 2006 between
Oberweis Asset Management, Inc., James D. Oberweis and James W.
Oberweis
Page 9 of 10 pages