The undersigned, FIMI Opportunity IV, L.P. (“FIMI Opportunity IV”), FIMI Israel Opportunity IV, Limited Partnership (“FIMI Israel Opportunity IV”), FIMI Opportunity V, L.P. (“FIMI Opportunity V”), FIMI Israel Opportunity Five, Limited Partnership (“FIMI Israel Opportunity V” and together with FIMI Opportunity IV, FIMI Israel Opportunity IV and FIMI Opportunity V, the “FIMI Funds”),
FIMI IV 2007 Ltd., FIMI FIVE 2012 Ltd., Shira and Ishay Davidi Management Ltd. and Mr. Ishay Davidi (together, the “Reporting Persons”), hereby file this Amendment No. 8 to Schedule 13D
(the “Amendment”), which amends the Schedule 13D originally filed on September 17, 2012, Amendment No. 1 to Schedule 13D originally filed on November 13, 2012, Amendment No. 2 to Schedule
13D originally filed on November 15, 2012, Amendment No. 3 to Schedule 13D originally filed on February 4, 2014, Amendment No. 4 to Schedule 13D originally filed on September 17, 2014, Amendment No. 5 to Schedule 13D originally filed on November
29, 2014, Amendment No. 6 to Schedule 13D originally filed on April 7, 2016, Amendment No. 7 to Schedule 13D originally filed on July 11, 2019 and Amendment No. 8 to Schedule 13D originally filed on January 30, 2020 by the Reporting Persons with
the Securities and Exchange Commission (the “SEC”), with respect to the Ordinary Shares, par value NIS 0.20 per share (the “Ordinary
Shares”), of Gilat Satellite Networks Ltd., an Israeli company (“Gilat”). The Amendment amends and supplements Items 4 and 5 of the Schedule 13D.
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Item 4.
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Purpose of Transaction
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Item 4 of the Schedule 13D is hereby amended and supplemented as follows:
On February 18, 2021, the FIMI Funds sold an aggregate of 3,900,000 Ordinary Shares at a price per share
of $15.00 (subject to upward adjustment), or an aggregate sale price of $58.5 million. The sale of the Ordinary Shares was effected in a transaction with a market maker in reliance on Rule 144 under the Securities Act of 1933.
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Item 5.
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Interest in Securities of the Issuer
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Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a) The calculations included herein are based on a total of 55,544,762 Ordinary Shares outstanding as of November 16, 2020, as reported by Gilat on Form 6-K filed with the SEC on November
23, 2020.
As of February 18, 2021, FIMI Opportunity IV directly beneficially owns 2,124,984 Ordinary Shares, representing approximately 3.8% of the Ordinary Shares.
As of February 18, 2021, FIMI Israel Opportunity IV directly beneficially owns 4,068,569 Ordinary Shares, representing approximately 7.3% of the Ordinary Shares.
As of February 18, 2021, FIMI Opportunity V directly beneficially owns 4,117,047 Ordinary Shares, representing approximately 7.4% of the Ordinary Shares.
As of February 18, 2021, FIMI Israel Opportunity V directly beneficially owns 4,591,265 Ordinary Shares, representing approximately 8.3% of the Ordinary Shares.
(b) As of February 18, 2021, FIMI Opportunity IV shares the power to vote and dispose of, the 2,124,984 Ordinary Shares it directly beneficially owns.
As of February 18, 2021, FIMI Israel Opportunity IV shares the power to vote and dispose of, the 4,068,569 Ordinary Shares it directly beneficially owns.
As of February 18, 2021, FIMI Opportunity V shares the power to vote and dispose of, the 4,117,047 Ordinary Shares it directly beneficially owns.
As of February 18, 2021, FIMI Israel Opportunity V shares the power to vote and dispose of, the 4,591,265 Ordinary Shares it directly beneficially owns.
As of February 18, 2021, FIMI IV 2007 Ltd. shares the power to vote and dispose of, the 6,193,553 Ordinary Shares beneficially owned by FIMI Opportunity IV and FIMI Israel Opportunity IV.
As of February 18, 2021, FIMI FIVE 2012 Ltd. shares the power to vote and dispose of, the 8,708,312 Ordinary Shares beneficially owned by FIMI Opportunity V and FIMI Israel Opportunity V.
As of February 18, 2021, Shira and Ishay Davidi Management Ltd. and Mr. Ishay Davidi share the power to vote and dispose of, the 14,901,865 Ordinary Shares beneficially owned by the Reporting
Persons.
(c) Except as set forth in Item 4, no transactions in the Ordinary Shares have been effected by the Reporting Persons during the past 60 days.
(d) None.
(e) Not applicable.
Signatures
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.
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February 22, 2021
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FIMI Opportunity IV, L.P.
By: FIMI IV 2007 Ltd., managing general partner
By: /s/ Ishay Davidi
Ishay Davidi, CEO
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FIMI Israel Opportunity IV, Limited Partnership
By: FIMI IV 2007 Ltd., managing general partner
By: /s/ Ishay Davidi
Ishay Davidi, CEO
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FIMI Opportunity V, L.P.
By: FIMI FIVE 2012 Ltd., managing general partner
Ishay Davidi, CEO
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FIMI Israel Opportunity Five, Limited Partnership
By: FIMI FIVE 2012 Ltd., managing general partner
Ishay Davidi, CEO
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FIMI IV 2007 Ltd.
Ishay Davidi, CEO
FIMI FIVE 2012 Ltd.
Ishay Davidi, CEO
Shira and Ishay Davidi Management Ltd.
Ishay Davidi, CEO
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Ishay Davidi
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