CUSIP
No. M8791A-10-9
|
13G
|
Page
1
of
5 Pages
|
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Schedule
13G
Information
to be Included in Statements Filed Pursuant to Rules 13d-1(b), (c),
and
(d)
and
Amendments thereto Filed Pursuant to Rule 13d-2(b)
Under
the Securities Exchange Act of 1934
(Amendment
No. 1)*
|
ON
TRACK INNOVATIONS LTD.
|
(Name
of Issuer)
|
Ordinary
Shares, par value NIS 0.1 per share
|
(Title
of Class of Securities)
|
M8791A-10-9
|
(CUSIP
Number)
|
December
31, 2007
|
(Date
of Event which Requires Filing of this Statement)
|
|
Check
the appropriate box to designate the rule pursuant to which this
Schedule
is filed:
|
o
Rule
13d-1(b)
__________________
*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. M8791A-10-9
|
13G
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Page 2
of
5 Pages
|
1
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NAMES
OF REPORTING PERSONS
|
Vuance
Ltd.
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
|
(b)
o
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
Israel
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
|
0
|
6
|
SHARED
VOTING POWER
|
1,308,483
|
7
|
SOLE
DISPOSITIVE POWER
|
1,308,483
|
8
|
SHARED
DISPOSITIVE POWER
|
0
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
1,308,483
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
x
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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6.7%
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12
|
TYPE
OF REPORTING PERSON
|
CO
|
CUSIP
No. M8791A-10-9
|
13G
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Page 3
of
5 Pages
|
Item
1(a)
Name
of Issuer
:
On
Track
Innovations Ltd.
Item
1(b)
Address
of Issuer’s Principal Executive Offices
:
Z.H.R.
Industrial Zone
P.O.
Box
32
Rosh-Pina
12000, Israel
Item
2(a)
Name
of Person Filing
:
Vuance
Ltd.
Item
2(b)
Address
of Principal Business Office
Sagid
House, “HaSharon Industrial Park”
P.O.
Box
5039
Qadima
60920, Israel
Item
2(c)
Citizenship
Israel
Item
2(d)
Title
of Class of Securities
:
Ordinary
Shares, par value NIS 0.1 per share
Item
2(e)
CUSIP
No.
:
M8791A-10-9
Item
3
If
this statement is file pursuant to Rules 13d-1(b), or 13d-2(b), check whether
the person filing is a
:
Not
Applicable.
Item
4
Ownership
:
(a)
Amount beneficially owned:
1,308,483
(b)
Percent of class:
6.7%
(c)
Number of shares to which such person has:
(i)
Sole
power to vote or to direct the vote:
0
(ii)
Shared power to vote or to direct the vote:
1,308,483
*
CUSIP
No. M8791A-10-9
|
13G
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Page 4
of
5 Pages
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*
The Reporting Person has granted to the
Chairman of the board of directors of the Issuer, or to whomever
else the
Issuer’s board of directors may appoint, an irrevocable proxy on the
above
ordinary shares until the sale or transfer of such shares to
an
unaffiliated third party by the Reporting Person in an arm’s length
transaction.
|
(iii)
Sole power to dispose or to direct the disposition of:
1,308,483
(iv)
Shared power to dispose or to direct the disposition of:
0
Item
5
Ownership
of Five Percent or Less of a Class
:
If
this
statement is being filed to report the fact that as of the date hereof each
of
the Reporting Persons has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following
o
.
Item
6
Ownership
of More Than Five Percent on Behalf of Another Person
:
Not
applicable.
Item
7
Identification
of the Subsidiary Which Acquired any Portion of 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
the securities and were not acquired and are not held in connection with or
as a
participant in any transaction having that purpose or effect.
CUSIP
No. M8791A-10-9
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13G
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Page 5
of
5 Pages
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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.
February
14, 2008
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(Date)
|
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/s/
Lior Maza
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(Signature)
|
|
Lior
Maza, Chief Financial Officer
|
Name
and Title
|