UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Pointer Telocation Ltd.
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(Name of Issuer)
Ordinary Shares, NIS 3.00 par value per share
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(Title of Class of Securities)
M7946T104
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(CUSIP Number)
March 30, 2007
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:
[ ] Rule 13d-1(b)
[X] 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).
CUSIP No. M7946T104
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
Fort Mason Capital, LLC
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) (b)
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: Delaware
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Number of Shares Beneficially Owned
by Each Reporting Person With (5) Sole Voting Power: 335,000*
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(6) Shared Voting Power: 0
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(7) Sole Dispositive Power: 335,000*
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(8) Shared Dispositive Power: 0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person: 335,000*
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): N/A
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(11) Percent of Class Represented by Amount in Row (9): 7.5%*
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(12) Type of Reporting Person (See Instructions): IA
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* As of March 30, 2007, Fort Mason Master, LP, a Cayman Islands limited
partnership ("Master"), and Fort Mason Partners, LP, a Delaware limited
partnership (together with Master, the "Funds"), held in the aggregate 335,000
ordinary shares, NIS 3.00 par value per share (the "Shares"), of Pointer
Telocation Ltd., an Israeli corporation (the "Company"). As of March 30, 2007,
the Funds also held warrants (the "Pointer Telocation Warrants") which entitle
the Funds to purchase up to an aggregate of 167,500 Shares at an exercise price
of $12.60 per Share. The Pointer Telocation Warrants provide that in no event
shall the Pointer Telocation Warrants be exercisable to the extent that the
issuance of Shares upon exercise thereof, after taking into account the Shares
then owned by the Funds and their affiliates, would result in the beneficial
ownership by the Funds and their affiliates of more than 4.99% of the
outstanding Shares (the "Issuance Limitation"). The Funds have the express right
to waive the Issuance Limitation upon sixty-one (61) days written notice to the
Company. The Issuance Limitation presently remains in effect. Fort Mason
Capital, LLC, a Delaware limited liability company ("Capital"), serves as the
investment manager of the Funds and possesses the sole power to vote and the
sole power to direct the disposition of all securities of the Company held by
the Funds. Thus, as of March 30, 2007, for the purposes of Reg. Section
240.13d-3, Capital is deemed to beneficially own 335,000 Shares, or 7.5% of the
Shares deemed issued and outstanding as of that date. This number assumes that
none of the Pointer Telocation Warrants have converted into Shares due to the
Issuance Limitation. Neither the filing of this Schedule 13G nor any of its
contents shall be deemed to constitute an admission by Capital or any other
person that it is the beneficial owner of any of the Shares underlying the
Pointer Telocation Warrants subject to the Issuance Limitation for purposes of
Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any
other purpose, and such beneficial ownership is expressly disclaimed.
Item 1(a). Name Of Issuer. Pointer Telocation Ltd.
Item 1(b). Address of Issuer's Principal Executive Offices.
1 Korazin Street, Givatayim 53583, Israel
Item 2(a). Name of Person Filing. Fort Mason Capital, LLC
Item 2(b). Address of Principal Business Office or, if None, Residence.
Four Embarcadero Center, Suite 2050, San Francisco, CA 94111
Item 2(c). Citizenship. Delaware
Item 2(d). Title of Class of Securities. Ordinary Shares, NIS 3.00 par value
per share
Item 2(e). CUSIP No. M7946T104
Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
Not Applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned (as of March 30, 2007) 335,000*
(b) Percent of Class (as of March 30, 2007) 7.5%*
(c) Number of Shares as to which the person has:
(i) sole power to vote or to direct the vote 335,000*
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the
disposition of 335,000*
(iv) shared power to dispose or to direct the
disposition of 0
* As of March 30, 2007, Fort Mason Master, LP, a Cayman Islands limited
partnership ("Master"), and Fort Mason Partners, LP, a Delaware limited
partnership (together with Master, the "Funds"), held in the aggregate 335,000
ordinary shares, NIS 3.00 par value per share (the "Shares"), of Pointer
Telocation Ltd., an Israeli corporation (the "Company"). As of March 30, 2007,
the Funds also held warrants (the "Pointer Telocation Warrants") which entitle
the Funds to purchase up to an aggregate of 167,500 Shares at an exercise price
of $12.60 per Share. The Pointer Telocation Warrants provide that in no event
shall the Pointer Telocation Warrants be exercisable to the extent that the
issuance of Shares upon exercise thereof, after taking into account the Shares
then owned by the Funds and their affiliates, would result in the beneficial
ownership by the Funds and their affiliates of more than 4.99% of the
outstanding Shares (the "Issuance Limitation"). The Funds have the express right
to waive the Issuance Limitation upon sixty-one (61) days written notice to the
Company. The Issuance Limitation presently remains in effect. Fort Mason
Capital, LLC, a Delaware limited liability company ("Capital"), serves as the
investment manager of the Funds and possesses the sole power to vote and the
sole power to direct the disposition of all securities of the Company held by
the Funds. Thus, as of March 30, 2007, for the purposes of Reg. Section
240.13d-3, Capital is deemed to beneficially own 335,000 Shares, or 7.5% of the
Shares deemed issued and outstanding as of that date. This number assumes that
none of the Pointer Telocation Warrants have converted into Shares due to the
Issuance Limitation. Neither the filing of this Schedule 13G nor any of its
contents shall be deemed to constitute an admission by Capital or any other
person that it is the beneficial owner of any of the Shares underlying the
Pointer Telocation Warrants subject to the Issuance Limitation for purposes of
Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any
other purpose, and such beneficial ownership is expressly disclaimed.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
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.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above 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 such securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
April 4, 2007
FORT MASON CAPITAL, LLC
By:/s/ Dan German
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Name: Dan German
Title: Managing Member
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)