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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Access Industries Holdings LLC
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/1/2020 

3. Issuer Name and Ticker or Trading Symbol

Anchiano Therapeutics Ltd. [ANCN]
(Last)        (First)        (Middle)

40 WEST 57TH ST, 28TH FL
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          ___X___ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)

NEW YORK, NY 10019      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

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 6521753 (1)D (2) 
Ordinary Shares 6911166 (3)D (4) 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrants  (5)(6)6/29/2023 Ordinary Shares 2396496 (5)(6)$1.932 (5)(6)D (4) 
Employee stock options  (7)11/13/2029 Ordinary Shares 55000 $0.47 D (4) 

Explanation of Responses:
(1) Consists of 1,304,347 American Depositary Shares ("ADSs"), each of which represents five ordinary shares, no par value ("Ordinary Shares"), of the Issuer, evidenced by American Depositary Receipts.
(2) The securities reported are held directly by Access Industries Holdings LLC ("AIH") and may be deemed to be beneficially owned by Access Industries, LLC ("Access LLC"), Access Industries Management, LLC ("Management LLC") and Len Blavatnik, because Access LLC holds a majority of the outstanding voting interests in AIH, Management LLC controls Access LLC and AIH, and Len Blavatnik controls Management LLC and Access LLC. Each of the reporting persons (other than AIH) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, if any, and this Form shall not be construed as an admission that any such reporting person (other than AIH) is the beneficial owner of such securities for any purpose.
(3) Consists of 6,585,081 Ordinary Shares and 65,217 ADSs.
(4) The securities reported are held directly by Clal Biotechnology Industries Ltd. ("CBI"). AIH, Access LLC, Management LLC and Len Blavatnik may be deemed to beneficially own the securities held directly by CBI because Clal Industries Ltd. ("CI") is the controlling shareholder of CBI, AIH controls CI, Access LLC holds a majority of the outstanding interests in AIH, Management LLC controls Access LLC, and Len Blavatnik controls Management LLC and Access LLC. Each of the reporting persons (other than CBI) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, if any, and this Form shall not be construed as an admission that any such reporting person (other than CBI) is the beneficial owner of such securities for any purpose.
(5) On June 29, 2018, pursuant to a securities purchase agreement, dated March 29, 2018, between the Issuer and certain investors, CBI was issued a warrant to purchase 1,041,185 Ordinary Shares, as partial consideration for repayment of financing that was provided to the Issuer by CBI. Pursuant to the warrant agreement, dated June 20, 2018 (the "Warrant Agreement"), each warrant is exercisable for one Ordinary Share.
(6) CBI may elect to exercise the warrant in whole or in part and from time to time at any time until June 29, 2023, in cash or on a net issuance basis, in an amount equal to the aggregate exercise price for the Ordinary Shares being acquired upon exercise. The number of Ordinary Shares purchasable upon exercise of the warrant and the exercise price is subject to adjustments, as set forth in the Warrant Agreement. On February 14, 2019, in connection with the closing of the Issuer's initial public offering of ADSs, as a result of triggering certain price protection rights, the warrant was adjusted to provide for the purchase of an additional 1,355,311 Ordinary Shares from the Issuer.
(7) One-third of the options vest on November 10, 2020 and one-twelfth at the end of each calendar quarter thereafter, until fully vested.

Remarks:
Exhibit List:

Exhibit 24 - Power of Attorney

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Access Industries Holdings LLC
40 WEST 57TH ST, 28TH FL
NEW YORK, NY 10019

X

Clal Biotechnology Industries Ltd.
3 AZRIELI CENTER TRIANGLE TOWER 45 FLOOR
TEL AVIV, L3 67023

X

ACCESS INDUSTRIES, LLC
40 WEST 57TH ST, 28TH FL
NEW YORK, NY 10019



Affiliate of 10% Owner
ACCESS INDUSTRIES MANAGEMENT, LLC
40 WEST 57TH ST, 28TH FL
NEW YORK, NY 10019



Affiliate of 10% Owner
Blavatnik Len
40 WEST 57TH ST, 28TH FL
NEW YORK, NY 10019



Affiliate of 10% Owner

Signatures
/s/ Alejandro Moreno for Access Industries Holdings LLC1/2/2020
**Signature of Reporting PersonDate

/s/ Ofer Gonen (CEO) and Assaf Segal (CFO) for Clal Biotechnology Industries Ltd.1/2/2020
**Signature of Reporting PersonDate

/s/ Alejandro Moreno for Access Industries, LLC1/2/2020
**Signature of Reporting PersonDate

/s/ Alejandro Moreno for Access Industries Management, LLC1/2/2020
**Signature of Reporting PersonDate

/s/ Alejandro Moreno, as Attorney-in-Fact for Mr. Blavatnik1/2/2020
**Signature of Reporting PersonDate

Anchiano Therapeutics (NASDAQ:ANCN)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Anchiano Therapeutics Charts.
Anchiano Therapeutics (NASDAQ:ANCN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Anchiano Therapeutics Charts.