Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Sultzbaugh Marc
 2. Date of Event Requiring Statement (Month/Day/Year)
04/24/2007		 3. Issuer Name and Ticker or Trading Symbol
Mellanox Technologies, Ltd. [MLNX]
(Last)
(First)
(Middle)
3905 EDWARD MOUNTAIN DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP World Wide Sales
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

AUSTIN, TX 78731		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Ordinary Shares 17,142
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy)   (1) 02/27/2011 Ordinary Shares 24,572 $ 1.3 D  
Incentive Stock Option (right to buy)   (1) 06/18/2012 Ordinary Shares 2,510 $ 1.47 D  
Incentive Stock Option (right to buy)   (2) 12/27/2013 Ordinary Shares 3,428 $ 2.63 D  
Incentive Stock Option (right to buy)   (3) 12/02/2014 Ordinary Shares 2,714 $ 3.85 D  
Incentive Stock Option (right to buy)   (4) 06/01/2015 Ordinary Shares 4,000 $ 5.08 D  
Incentive Stock Option (right to buy)   (6) 10/25/2016 Ordinary Shares 5.857 $ 9.19 D  
Incentive Stock Option (right to buy)   (7) 04/12/2017 Ordinary Shares 11,000 $ 14.95 D  
Non Qualifed Stock Option (right to buy)   (7) 04/12/2017 Ordinary Shares 89,000 $ 14.95 D  
Incentive Stock Option (right to buy)   (5) 12/07/2015 Ordinary Shares 5,295 $ 6.65 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sultzbaugh Marc
3905 EDWARD MOUNTAIN DRIVE
AUSTIN, TX 78731		       VP World Wide Sales  

Signatures

/s/ Marc Sultzbaugh by Lee-Ann Kennedy Stewart ? Power of Attorney 05/02/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 100% of the shares subject to the option are fully vested and exercisable.
(2) 100% of the shares subject to the option are immediately exercisable. However, all unvested ordinary shares underlying the option are subject to a right of repurchase held by the Issuer, which right of repurchase will lapse as the shares vest according to the following schedule: 25% of the shares subject to the option will vest on December 28, 2004 and 1/48th of the shares will vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested on December 28, 2007.
(3) 100% of the shares subject to the option are immediately exercisable. However, all unvested ordinary shares underlying the option are subject to a right of repurchase held by the Issuer, which right of repurchase will lapse as the shares vest according to the following schedule: 25% of the shares subject to the option will vest on December 3, 2005 and 1/48th of the shares will vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested on December 3, 2008.
(4) 100% of the shares subject to the option are immediately exercisable. However, all unvested ordinary shares underlying the option are subject to a right of repurchase held by the Issuer, which right of repurchase will lapse as the shares vest according to the following schedule: 25% of the shares subject to the option will vest on June 2, 2006 and 1/48th of the shares will vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested on June 2, 2009.
(5) 100% of the shares subject to the option are immediately exercisable. However, all unvested ordinary shares underlying the option are subject to a right of repurchase held by the Issuer, which right of repurchase will lapse as the shares vest according to the following schedule: 25% of the shares subject to the option will vest on December 8, 2006 and 1/48th of the shares will vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested on December 8, 2009.
(6) 100% of the shares subject to the option are immediately exercisable. However, all unvested ordinary shares underlying the option are subject to a right of repurchase held by the Issuer, which right of repurchase will lapse as the shares vest according to the following schedule: 25% of the shares subject to the option will vest on October 26, 2007 and 1/48th of the shares will vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested on October 26, 2010.
(7) 25% of the shares subject to the option will vest on April 13, 2008 and 1/48th of the shares will vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested on April 13, 2011.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.