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13D Filing: Brosh Capital Partners L.P. and Kamada Ltd (KMDA)

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Brosh Capital Partners 1,873,146 1,873,146 4.7%
Exodus Management Israel Ltd 2,008,937 2,008,937 4.99%
Amir Efrati 2,495,622 2,495,622 6.2%
Aharon Biram 213,665 213,665 Less%
Esther Deutsch 273,020 273,020 Less%

Page 1 of 17 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED
IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No.  )1

Kamada Ltd.

(Name
of Issuer)

Ordinary Shares, par value of NIS 1.00

(Title of Class of Securities)

M6240T 10 9

(CUSIP Number)

Amir
Efrati

Brosh
Capital PARTNERS, L.P.

11 Menachem Begin Rd.

Ramat-Gan, Israel 5268104

+972-77-3206050

 

STEVE
WOLOSKY, ESQ.

OLSHAN
FROME WOLOSKY LLP

1325
Avenue of the Americas

New
York, New York 10019

(212)
451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices
and Communications)

September 1, 2017

(Date of Event Which Requires
Filing of This Statement)

If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule
13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box
¨.

Note:  Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See
§ 240.13d-7 for other parties to whom copies are to be sent.

1
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 disclosures provided
in a prior cover page.

The information required
on 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).

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Page 2 of 17 – SEC Filing

1 NAME OF REPORTING PERSON
Brosh Capital Partners, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY – 0 –
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 1,873,146
PERSON WITH 9 SOLE DISPOSITIVE POWER
– 0 –
10 SHARED DISPOSITIVE POWER
1,873,146
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,873,146
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
14 TYPE OF REPORTING PERSON
PN
2

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Page 3 of 17 – SEC Filing

1 NAME OF REPORTING PERSON
Exodus Management Israel Ltd.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY – 0 –
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 2,008,937
PERSON WITH 9 SOLE DISPOSITIVE POWER
– 0 –
10 SHARED DISPOSITIVE POWER
2,008,937
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,008,937
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.99%
14 TYPE OF REPORTING PERSON
CO
3

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Page 4 of 17 – SEC Filing

1 NAME OF REPORTING PERSON
Amir Efrati
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY – 0 –
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 2,495,622
PERSON WITH 9 SOLE DISPOSITIVE POWER
– 0 –
10 SHARED DISPOSITIVE POWER
2,495,622
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,495,622
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.2%
14 TYPE OF REPORTING PERSON
IN
4

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Page 5 of 17 – SEC Filing

1 NAME OF REPORTING PERSON
Aharon Biram
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY – 0 –
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 213,665
PERSON WITH 9 SOLE DISPOSITIVE POWER
– 0 –
10 SHARED DISPOSITIVE POWER
213,665
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,665
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
IN
5

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Page 6 of 17 – SEC Filing

1 NAME OF REPORTING PERSON
Esther Deutsch
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY – 0 –
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 273,020
PERSON WITH 9 SOLE DISPOSITIVE POWER
– 0 –
10 SHARED DISPOSITIVE POWER
273,020
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
273,020
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
IN
6

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Page 7 of 17 – SEC Filing

The following constitutes
the Schedule 13D filed by the undersigned (the “Schedule 13D”).

Item 1. Security and Issuer.

This statement relates
to the Ordinary Shares, par value of NIS 1.00 (the “Shares”), of Kamada Ltd., an Israeli corporation (the “Issuer”).
The address of the principal executive offices of the Issuer is 2 Holzman Street, Science Park, P.O. Box 4081, Rehovot 7670402
Israel.

Item 2. Identity and Background.

(a)       This
statement is filed by:

(i) Brosh Capital Partners, L.P., a Cayman Islands limited partnership (“Brosh”);
(ii) Exodus Management Israel Ltd., an Israeli corporation, which serves as the general partner of Brosh
(“Exodus GP”) and as portfolio manager for a certain managed account (the “Exodus Managed Account”);
(iii) Amir Efrati, who serves as the portfolio manager of each of Brosh and Exodus GP, and as the sole
director and officer of Exodus GP;
(iv) Aharon Biram; and
(v) Esther Deutsch.

Each of the foregoing
is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting
Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are
hereby filing a joint Schedule 13D.

(b)       The
address of the principal office of each of the Reporting Persons is 11 Menachem Begin Rd., Ramat-Gan, Israel.

(c)       The
principal business of Brosh is investing in securities. The principal business of Exodus GP is serving as the general partner of
Brosh and as a portfolio manager for the Exodus Managed Account. The principal occupation of Mr. Efrati is serving as the portfolio
manager of each of Brosh and Exodus GP. The principal occupation of Mr. Biram is serving as the chairman of Sunflower Sustainable
Investments Ltd. and as a private investor. The principal occupation of Ms. Deutsch is a medical doctor.

(d)       No
Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).

(e)       No
Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to
such laws.

(f)       Messrs.
Efrati and Biram and Ms. Deutsch are citizens of Israel.

7

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Page 8 of 17 – SEC Filing

Item 3. Source and Amount of Funds or Other Consideration.

The Shares purchased
by Brosh and held in the Exodus Managed Account were purchased with working capital (which may, at any given time, include margin
loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted in Schedule
A, which is incorporated herein by reference. The aggregate purchase price of the 1,873,146 Shares owned directly by Brosh is approximately
$9,701,346, excluding brokerage commissions. The aggregate purchase price of the 135,791 Shares held in the Exodus Managed Account
is approximately $700,546, excluding brokerage commissions. The Shares purchased by Mr. Biram were purchased with personal funds,
in open market purchases, except as otherwise noted in Schedule A, which is incorporated herein by reference. The aggregate purchase
price of the 213,665 Shares owned directly by Mr. Biram is approximately $1,056,297, excluding brokerage commissions. The Shares
purchased by Ms. Deutsch were purchased with personal funds, in open market purchases, except as otherwise noted in Schedule A,
which is incorporated herein by reference. The aggregate purchase price of the 273,020 Shares owned directly by Ms. Deutsch is
approximately $1,328,498, excluding brokerage commissions.

Item 4. Purpose of Transaction.

The Reporting Persons
purchased the securities of the Issuer reported herein based on the Reporting Persons’ belief that such securities, when
purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other
investment opportunities available to the Reporting Persons, and the availability of securities of the Issuer at prices that would
make the purchase or sale of securities of the Issuer desirable, the Reporting Persons may endeavor to increase or decrease their
position in the Issuer through, among other things, the purchase or sale of securities of the Issuer on the open market or in private
transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

No Reporting Person
has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) – (j) of
Item 4 of Schedule 13D except as set forth herein or such as would occur upon completion of any of the actions discussed herein.
The Reporting Persons intend to review their investment in the Issuer on a continuing basis and may from time to time engage in
additional discussions with management and the Board. Depending on various factors including, without limitation, the Issuer’s
financial position and investment strategy, the price levels of the securities of the Issuer, conditions in the securities markets
and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment
in the Issuer as they deem appropriate including, without limitation, making proposals to or concerning the Issuer, purchasing
additional securities of the Issuer, selling some or all of their securities of the Issuer, engaging in short selling of or any
hedging or similar transaction with respect to the securities of the Issuer, or change their intention with respect to any and
all matters referred to in Item 4.

Item 5. Interest in Securities of the Issuer.

The aggregate percentage
of Shares reported owned by each person named herein is based upon 40,254,740 Shares outstanding, which is the total number of
Shares outstanding as reported in the Issuer’s Prospectus Supplement filed with the Securities and Exchange Commission on
August 1, 2017.

A. Brosh
(a) As of the close of business on September 13, 2017, Brosh beneficially owned 1,873,146 Shares.
8

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Page 9 of 17 – SEC Filing

Percentage: Approximately
4.7%

(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,873,146
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,873,146
(c) The transactions in the Shares by Brosh during the past 60 days are set forth in Schedule A and
are incorporated herein by reference.
B. Exodus GP
(a) As the general partner of Brosh, Exodus GP may be deemed the beneficial owner of the (i) 1,873,146
Shares directly owned by Brosh and (ii) 135,791 Shares held in the Exodus Managed Account.

Percentage: Approximately
4.99%

(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 2,008,937
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 2,008,937
(c) Exodus GP has not entered into any transactions in the Shares during the past 60 days. The transactions
in the Shares by Exodus and through the Exodus Managed Account during the past 60 days are set forth in Schedule A and are incorporated
herein by reference.
C. Mr. Efrati
(a) Mr. Efrati as the portfolio manager of each of Brosh and Exodus GP and because of certain Power
of Attorney Agreements between him and each of Mr. Biram and Ms. Deutsch, may be deemed the beneficial owner of the (i) 1,873,146
Shares owned by Brosh, (ii) 135,791 Shares held in the Exodus Managed Account, (iii) 213,665 Shares owned by Mr. Biram and (iv)
273,020 Shares owned by Ms. Deutsch.

Percentage: Approximately
6.2%

(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 2,495,622
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 2,495,622
(c) Mr. Efrati has not entered into any transactions in the Shares during the past 60 days. The transactions
in the Shares by Brosh, Mr. Biram and Ms. Deutsch and through the Exodus Managed Account during the past 60 days are set forth
in Schedule A and are incorporated herein by reference.
9

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Page 10 of 17 – SEC Filing

D. Mr. Biram
(a) As of the close of business on September 13, 2017, Mr. Biram beneficially owned 213,665 Shares.

Percentage: Less than
1%

(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 213,665
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 213,665
(c) The transactions in the Shares by Mr. Biram during the past 60 days are set forth in Schedule A
and are incorporated herein by reference.

E.       Ms.
Deutsch

(a) As of the close of business on September 13, 2017, Ms. Deutsch beneficially owned 273,020 Shares.

Percentage: Less than
1%

(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 273,020
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 273,020
(c) The transactions in the Shares by Ms. Deutsch during the past 60 days are set forth in Schedule
A and are incorporated herein by reference.

The filing of this
Schedule 13D shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities
Exchange Act of 1934, as amended, the beneficial owners of any of the securities reported herein. Each of the Reporting Persons
specifically disclaims beneficial ownership of the securities reported herein that are not directly owned by such Reporting Person,
except to the extent of their pecuniary interest therein.

(d)           No
person, other than the Reporting Persons and the Exodus Managed Account, is known to have the right to receive, or the power to
direct the receipt of dividends from, or proceeds from the sale of, the Shares.

(e)            Not
applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

On September 13, 2017,
the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf
of each of them of statements on Schedule 13D with respect to securities of the Issuer, to the extent required by applicable law.
The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Other than as described
herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting
Persons and any other person, with respect to the securities of the Issuer.

10

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Page 11 of 17 – SEC Filing

Item 7. Material to be Filed as Exhibits.
99.1 Joint Filing Agreement by and among Brosh Capital Partners, L.P., Exodus Management Israel Ltd.,
Amir Efrati, Aharon Biram and Esther Deutsch, dated September 13, 2017.
11

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Page 12 of 17 – SEC Filing

SIGNATURES

After reasonable
inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement
is true, complete and correct.

Dated: September 13, 2017

BROSH CAPITAL PARTNERS, L.P.
By: Exodus Management Israel Ltd.
Its General Partner
By: /s/ Amir Efrati
Name: Amir Efrati
Title: Authorized Signatory
EXODUS MANAGEMENT ISRAEL LTD.
By: /s/ Amir Efrati
Name: Amir Efrati
Title: Authorized Signatory
/s/ Amir Efrati

Amir Efrati

Individually, and as attorney-in-fact for Aharon Biram and Esther
Deutsch

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Page 13 of 17 – SEC Filing

SCHEDULE A

Transaction in
the Shares During the Past Sixty (60) Days

Nature of Transaction Date of Purchase/Sale [dd/mm/yyyy] Securities Purchased/(Sold) Price [U.S. $]

BROSH CAPITAL
PARTNERS, L.P.

Sale of Ordinary Shares 16/07/2017 (828) 5.7702
Sale of Ordinary Shares 16/07/2017 (320) 5.7702
Sale of Ordinary Shares 16/07/2017 (203) 5.7702
Sale of Ordinary Shares 16/07/2017 (974) 5.7730
Purchase of Ordinary Shares 28/07/2017 26,000 4.3729
Purchase of Ordinary Shares 31/07/2017 33,000 4.5941
Purchase of Ordinary Shares 01/08/2017 17,773 4.6084
Purchase of Ordinary Shares 02/08/2017 379,000 4.4979
Purchase of Ordinary Shares 25/08/2017 245,557 4.6122
Purchase of Ordinary Shares 27/08/2017 8,000 4.5829
Purchase of Ordinary Shares 27/08/2017 10,000 4.5829
Purchase of Ordinary Shares 27/08/2017 10,000 4.5829
Purchase of Ordinary Shares 27/08/2017 10,000 4.5829
Purchase of Ordinary Shares 27/08/2017 6,878 4.5829
Purchase of Ordinary Shares 27/08/2017 622 4.5829
Purchase of Ordinary Shares 28/08/2017 81,799 4.5405
Purchase of Ordinary Shares 28/08/2017 61,000 4.6492
Purchase of Ordinary Shares 28/08/2017 20,000 4.6464
Purchase of Ordinary Shares 28/08/2017 5,083 4.6464
Purchase of Ordinary Shares 28/08/2017 20,000 4.6464
Purchase of Ordinary Shares 28/08/2017 1,178 4.6045
Purchase of Ordinary Shares 28/08/2017 150 4.6073
Purchase of Ordinary Shares 28/08/2017 5,643 4.6101
Purchase of Ordinary Shares 28/08/2017 350 4.6156
Purchase of Ordinary Shares 28/08/2017 1,200 4.6296
Purchase of Ordinary Shares 28/08/2017 11,479 4.6268
Purchase of Ordinary Shares 28/08/2017 10,000 4.5905
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Page 14 of 17 – SEC Filing

Purchase of Ordinary Shares 28/08/2017 2,000 4.5849
Purchase of Ordinary Shares 28/08/2017 1,970 4.5737
Purchase of Ordinary Shares 28/08/2017 500 4.5793
Purchase of Ordinary Shares 28/08/2017 500 4.6017
Purchase of Ordinary Shares 28/08/2017 300 4.6017
Purchase of Ordinary Shares 28/08/2017 500 4.6017
Purchase of Ordinary Shares 28/08/2017 300 4.6017
Purchase of Ordinary Shares 28/08/2017 803 4.5849
Purchase of Ordinary Shares 28/08/2017 2,197 4.5877
Purchase of Ordinary Shares 28/08/2017 1,783 4.5905
Purchase of Ordinary Shares 28/08/2017 1,000 4.5961
Purchase of Ordinary Shares 28/08/2017 240 4.5989
Purchase of Ordinary Shares 28/08/2017 1,316 4.6017
Purchase of Ordinary Shares 28/08/2017 1,619 4.6045
Purchase of Ordinary Shares 28/08/2017 7,065 4.6101
Purchase of Ordinary Shares 28/08/2017 3,000 4.6380
Purchase of Ordinary Shares 28/08/2017 2,043 4.6380
Purchase of Ordinary Shares 29/08/2017 5,951 4.2629
Purchase of Ordinary Shares 29/08/2017 742 4.2573
Purchase of Ordinary Shares 29/08/2017 2,012 4.2601
Purchase of Ordinary Shares 29/08/2017 2,512 4.2629
Purchase of Ordinary Shares 29/08/2017 5,474 4.2629
Purchase of Ordinary Shares 29/08/2017 14,572 4.2601
Purchase of Ordinary Shares 29/08/2017 4,688 4.2573
Purchase of Ordinary Shares 29/08/2017 20,000 4.2545
Purchase of Ordinary Shares 29/08/2017 5,000 4.2545
Purchase of Ordinary Shares 29/08/2017 3,862 4.2545
Purchase of Ordinary Shares 30/08/2017 1,248 4.2682
Purchase of Ordinary Shares 30/08/2017 315 4.2765
Purchase of Ordinary Shares 30/08/2017 26,113 4.2737
Purchase of Ordinary Shares 31/08/2017 34,802 4.4407
Purchase of Ordinary Shares 31/08/2017 43,232 4.4407
Purchase of Ordinary Shares 01/09/2017 27,545 4.4319
Purchase of Ordinary Shares 05/09/2017 11,313 4.4971
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Page 15 of 17 – SEC Filing

Purchase of Ordinary Shares 05/09/2017 32,316 4.4963
Purchase of Ordinary Shares 05/09/2017 4,987 4.5561
Purchase of Ordinary Shares 06/09/2017 168,417 4.6046
Purchase of Ordinary Shares 06/09/2017 520 4.5736
Purchase of Ordinary Shares 06/09/2017 3,310 4.5821
Purchase of Ordinary Shares 06/09/2017 3,170 4.6046
Purchase of Ordinary Shares 06/09/2017 521 4.5905
Purchase of Ordinary Shares 06/09/2017 915 4.5877
Purchase of Ordinary Shares 07/09/2017 4,882 4.6422
Purchase of Ordinary Shares 07/09/2017 273 4.6337
Purchase of Ordinary Shares 07/09/2017 353 4.6422
Purchase of Ordinary Shares 07/09/2017 210 4.6422
Purchase of Ordinary Shares 07/09/2017 200 4.6422

EXODUS MANAGEMENT
ISRAEL LTD. (THROUGH THE EXODUS MANAGED ACCOUNT)

Purchase of Ordinary Shares 08/08/2017 8,748 4.5444
Purchase of Ordinary Shares 08/08/2017 150 4.5250
Purchase of Ordinary Shares 08/08/2017 1,102 4.5167
Purchase of Ordinary Shares 10/08/2017 7,519 4.5149
Purchase of Ordinary Shares 10/08/2017 12 4.4982
Purchase of Ordinary Shares 10/08/2017 569 4.5066
Purchase of Ordinary Shares 10/08/2017 24 4.5122
Purchase of Ordinary Shares 10/08/2017 878 4.5094
Purchase of Ordinary Shares 10/08/2017 148 4.5010
Purchase of Ordinary Shares 10/08/2017 2,850 4.5038
Purchase of Ordinary Shares 10/08/2017 2,982 4.4843
Purchase of Ordinary Shares 10/08/2017 497 4.4703
Purchase of Ordinary Shares 10/08/2017 4,401 4.4871
Purchase of Ordinary Shares 10/08/2017 120 4.4787
Purchase of Ordinary Shares 25/08/2017 23,736 4.6123
Purchase of Ordinary Shares 28/08/2017 19,791 4.5405
Purchase of Ordinary Shares 30/08/2017 2,921 4.3072
Purchase of Ordinary Shares 30/08/2017 571 4.3044
Purchase of Ordinary Shares 30/08/2017 1,808 4.2904
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Page 16 of 17 – SEC Filing

Purchase of Ordinary Shares 31/08/2017 303 4.3990
Purchase of Ordinary Shares 31/08/2017 2,697 4.3710
Purchase of Ordinary Shares 31/08/2017 2,464 4.4407
Purchase of Ordinary Shares 01/09/2017 1,950 4.4320
Purchase of Ordinary Shares 05/09/2017 3,381 4.4971
Purchase of Ordinary Shares 06/09/2017 11,788 4.6520
Purchase of Ordinary Shares 06/09/2017 750 4.6463
Purchase of Ordinary Shares 06/09/2017 1,922 4.6492
Purchase of Ordinary Shares 06/09/2017 3,315 4.6520
Purchase of Ordinary Shares 11/09/2017 81 4.5894
Purchase of Ordinary Shares 11/09/2017 789 4.5838
Purchase of Ordinary Shares 11/09/2017 280 4.5866

AHARON BIRAM

Purchase of Ordinary Shares 02/08/2017 42,000 4.4980
Purchase of Ordinary Shares 25/08/2017 24,001 4.6123
Purchase of Ordinary Shares 28/08/2017 24,252 4.5405
Purchase of Ordinary Shares 30/08/2017 781 4.3016
Purchase of Ordinary Shares 30/08/2017 5,519 4.2904
Purchase of Ordinary Shares 30/08/2017 2,087 4.2737
Purchase of Ordinary Shares 31/08/2017 2,983 4.4407
Purchase of Ordinary Shares 01/09/2017 2,361 4.4320
Purchase of Ordinary Shares 05/09/2017 3,918 4.4971
Purchase of Ordinary Shares 06/09/2017 16,954 4.6046
Purchase of Ordinary Shares 08/09/2017 6,578 4.6124
Purchase of Ordinary Shares 08/09/2017 33,422 4.5728
Purchase of Ordinary Shares 08/09/2017 6,673 4.5121
Purchase of Ordinary Shares 11/09/2017 269 4.5418
Purchase of Ordinary Shares 11/09/2017 2,466 4.5474
Purchase of Ordinary Shares 11/09/2017 950 4.5531
Purchase of Ordinary Shares 11/09/2017 250 4.5587
Purchase of Ordinary Shares 11/09/2017 658 4.5728
Purchase of Ordinary Shares 11/09/2017 407 4.5700
Purchase of Ordinary Shares 11/09/2017 2,397 4.5358
16

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Page 17 of 17 – SEC Filing

Purchase of Ordinary Shares 11/09/2017 1,250 4.5951
Purchase of Ordinary Shares 12/09/2017 185 4.5672
Purchase of Ordinary Shares 12/09/2017 1,224 4.5591

ESTHER DEUTSCH

Purchase of Ordinary Shares 02/8/2017 30,275 4.4980
Purchase of Ordinary Shares 10/8/2017 10,000 4.5149
Purchase of Ordinary Shares 25/08/2017 25,587 4.6123
Purchase of Ordinary Shares 28/08/2017 24,158 4.5405
Purchase of Ordinary Shares 30/08/2017 2,087 4.2737
Purchase of Ordinary Shares 30/08/2017 167 4.3044
Purchase of Ordinary Shares 30/08/2017 405 4.2988
Purchase of Ordinary Shares 30/08/2017 444 4.3016
Purchase of Ordinary Shares 30/08/2017 4,685 4.2904
Purchase of Ordinary Shares 30/08/2017 150 4.2877
Purchase of Ordinary Shares 30/08/2017 182 4.28.1
Purchase of Ordinary Shares 30/08/2017 267 4.2682
Purchase of Ordinary Shares 31/08/2017 2,983 4.4407
Purchase of Ordinary Shares 01/09/2017 2,361 4.4320
Purchase of Ordinary Shares 05/09/2017 3,918 4.4971
Purchase of Ordinary Shares 06/09/2017 17,041 4.6046
Purchase of Ordinary Shares 08/09/2017 330 4.6011
Purchase of Ordinary Shares 08/09/2017 17,218 4.6124
Purchase of Ordinary Shares 08/09/2017 1,755 4.6095
Purchase of Ordinary Shares 08/09/2017 60,697 4.5728
Purchase of Ordinary Shares 08/09/2017 13,549 4.5121
Purchase of Ordinary Shares 11/09/2017 121 4.5107
Purchase of Ordinary Shares 11/09/2017 2,228 4.5164
Purchase of Ordinary Shares 11/09/2017 775 4.5531
Purchase of Ordinary Shares 11/09/2017 468 4.5587
Purchase of Ordinary Shares 11/09/2017 700 4.5616
Purchase of Ordinary Shares 11/09/2017 615 4.5672
Purchase of Ordinary Shares 11/09/2017 93 4.5700
Purchase of Ordinary Shares 11/09/2017 4,868 4.5339
Purchase of Ordinary Shares 11/09/2017 1,250 4.5951
Purchase of Ordinary Shares 12/09/2017 7,480 4.5672
Purchase of Ordinary Shares 12/09/2017 487 4.5559
Purchase of Ordinary Shares 12/09/2017 975 4.5672
Purchase of Ordinary Shares 12/09/2017 2,486 4.5550
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