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OMB APPROVAL
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OMB NUMBER 3235-0145
EXPIRES: FEBRUARY 28, 2009
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE...10.4
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 2
CERAGON NETWORKS LTD.
(Name of Issuer)
ORDINARY SHARES
(Title of Class of Securities)
M22013102
(CUSIP Number)
JULY 23, 2007
(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
------------------- -----------------
CUSIP NO. M22013102 13G PAGE 2 OF 8 PAGES
------------------- -----------------
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
-----------------------------------------------------------------
6 SHARED VOTING POWER
Number of
Shares -0-
Beneficially
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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 8 PAGES
------------------- -----------------
CUSIP NO. M22013102 13G PAGE 3 OF 8 PAGES
------------------- -----------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. Brooks Zug
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-----------------------------------------------------------------
6 SHARED VOTING POWER
Number of
Shares 0
Beneficially
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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 8 PAGES
------------------- -----------------
CUSIP NO. M22013102 13G PAGE 4 OF 8 PAGES
------------------- -----------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward W. Kane
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-----------------------------------------------------------------
6 SHARED VOTING POWER
Number of
Shares 0
Beneficially
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 BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*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:
Not applicable
PAGE 5 OF 8 PAGES
Item 4 Ownership:
(a) Amount Beneficially Owned: HarbourVest has beneficial
ownership of -0- 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 owns -0-
shares 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: 0.0% 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 -0- shares of Common Stock.
(ii) shared power to vote or to direct the vote:
Kane and Zug share the power to vote -0- 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 -0- shares of Common Stock.
(iv) shared power to dispose or to direct the disposition
of:
Kane and Zug have shared power to dispose or to direct
the disposition of -0- shares of Common Stock.
Item 5 Ownership of Five Percent or Less of a Class:
With this filing the Reporting Persons state that they own zero
percent of Common Stock of the Issuer.
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:
Not applicable.
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: July 25, 2007 HARBOURVEST PARTNERS, LLC
By: /s/ Martha D. Vorlicek
------------------------------------
Name: Martha D. Vorlicek
Title: Managing Director
Dated: July 25, 2007 EDWARD W. KANE
By: /s/ Edward W. Kane
------------------------------------
Name: Edward W. Kane
Dated: July 25, 2007 D. BROOKS ZUG
By: /s/ D. Brooks Zug
------------------------------------
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: July 25, 2007 HARBOURVEST PARTNERS, LLC
By: /s/ Martha D. Vorlicek
------------------------------------
Name: Martha D. Vorlicek
Title: Managing Director
Dated: July 25, 2007 EDWARD W. KANE
By: /s/ Edward W. Kane
------------------------------------
Name: Edward W. Kane
Dated: July 25, 2007 D. BROOKS ZUG
By: /s/ D. Brooks Zug
------------------------------------
Name: D. Brooks Zug
PAGE 8 OF 8 PAGES