zk1109985.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
 
For the Month of June 2011
 
CAMTEK LTD.
(Translation of Registrant’s Name into English)
 
Ramat Gavriel Industrial Zone
P.O. Box 544
Migdal Haemek 23150
ISRAEL
(Address of Principal Corporate Offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F x   Form 40-F o
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities and Exchange Act of 1934.
 
Yes o   No x
 
 
 
 
 
SIGNATURE
 
        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
   
CAMTEK LTD.
(Registrant)
 
By: /s/ Mira Rosenzweig
——————————————
Mira Rosenzweig,
Chief Financial Officer
 
Dated: June 1, 2011
 
 
 
 
 
The Company’s parent Company, Priortech Ltd. (“Priortech”), which is a publicly traded company on the Tel-Aviv Stock Exchange, is required to implement, as of January 1, 2007, Accounting Standard No. 30 of the Israel Accounting Standard Board (the “Standard”).
 
Details regarding the Standard and its implementation, as reflected on Priortech’s consolidated statements for the years 2007 to 2010 were given in the Company’s previous reports concerning the Standard.
 
The net amount of capitalized development expenses reflected on Priortech’s consolidated statements for the period ended March 31, 2011 is US$605 thousands.
 
Another item of disclosure on Priortech’s reports reflects the fact that on March 31, 2011, Camtek was engaged in hedging transactions in US Dollars on the NIS exchange rate. The open hedging transactions as of March 31, 2011, are displayed in the following table:
 
Base
Deal Type
Expiry
Trade Date
Market Rate
Market Value
Amt.
Date
(USD)
-300,000
Bought Eu.Opt
4/27/2011
10/20/2010
3.4843
3,359
400,000
Sold Eu.Opt
4/27/2011
7/7/2010
3.4843
0
350,000
Sold Eu.Opt
4/27/2011
1/21/2011
3.4843
-38
-350,000
Bought Eu.Opt
4/27/2011
1/21/2011
3.4843
7,720
-400,000
Bought Eu.Opt
4/27/2011
7/7/2010
3.4843
36,247
400,000
Sold Eu.Opt
4/27/2011
11/30/2010
3.4843
-13
-400,000
Bought Eu.Opt
4/27/2011
11/30/2010
3.4843
13,896
300,000
Sold Eu.Opt
4/27/2011
10/20/2010
3.4843
-2
400,000
Sold Eu.Opt
5/26/2011
11/17/2010
3.4886
-182
-400,000
Bought Eu.Opt
5/26/2011
11/17/2010
3.4886
14,349
300,000
Sold Eu.Opt
5/26/2011
10/20/2010
3.4884
-71
-300,000
Bought Eu.Opt
5/26/2011
10/20/2010
3.4884
4,265
 
 
 
 
 
400,000
Sold Eu.Opt
5/26/2011
7/7/2010
3.4884
-4
-400,000
Bought Eu.Opt
5/26/2011
7/7/2010
3.4884
35,901
-300,000
Bought Eu.Opt
5/26/2011
1/21/2011
3.4884
7,251
300,000
Sold Eu.Opt
5/26/2011
1/21/2011
3.4884
-248
-400,000
Bought Eu.Opt
6/28/2011
7/7/2010
3.4925
35,814
400,000
Sold Eu.Opt
6/28/2011
11/17/2010
3.4925
-589
-400,000
Bought Eu.Opt
6/28/2011
11/17/2010
3.4925
14,972
300,000
Sold Eu.Opt
6/28/2011
1/21/2011
3.4925
-640
-300,000
Bought Eu.Opt
6/28/2011
1/21/2011
3.4925
7,878
300,000
Sold Eu.Opt
6/28/2011
10/20/2010
3.4925
-315
-300,000
Bought Eu.Opt
6/28/2011
10/20/2010
3.4925
5,044
400,000
Sold Eu.Opt
6/28/2011
7/7/2010
3.4925
-68
-300,000
Bought Eu.Opt
7/27/2011
1/28/2011
3.4962
11,605
300,000
Sold Eu.Opt
7/27/2011
1/20/2011
3.4962
-1,433
-300,000
Bought Eu.Opt
7/27/2011
1/20/2011
3.4962
5,644
500,000
Sold Eu.Opt
7/27/2011
1/20/2011
3.4962
-2,389
-500,000
Bought Eu.Opt
7/27/2011
1/20/2011
3.4962
9,407
300,000
Sold Eu.Opt
7/27/2011
1/31/2011
3.4962
-729
-300,000
Bought Eu.Opt
7/27/2011
1/31/2011
3.4962
15,144
300,000
Sold Eu.Opt
7/27/2011
1/28/2011
3.4962
-732
300,000
Sold Eu.Opt
8/29/2011
1/31/2011
3.5003
-1,104
-300,000
Bought Eu.Opt
8/29/2011
1/31/2011
3.5003
15,420
300,000
Sold Eu.Opt
8/29/2011
1/28/2011
3.5003
-1,118
-300,000
Bought Eu.Opt
8/29/2011
1/28/2011
3.5003
11,986
300,000
Sold Eu.Opt
8/29/2011
1/20/2011
3.5003
-1,990
-300,000
Bought Eu.Opt
8/29/2011
1/20/2011
3.5003
6,222
500,000
Sold Eu.Opt
8/29/2011
1/20/2011
3.5003
-3,317
-500,000
Bought Eu.Opt
8/29/2011
1/20/2011
3.5003
10,370
300,000
Sold Eu.Opt
9/26/2011
1/20/2011
3.5038
-2,464
-300,000
Bought Eu.Opt
9/26/2011
1/20/2011
3.5038
6,646
300,000
Sold Eu.Opt
9/26/2011
1/28/2011
3.5038
-1,445
-300,000
Bought Eu.Opt
9/26/2011
1/28/2011
3.5038
12,276
500,000
Sold Eu.Opt
9/26/2011
1/20/2011
3.5038
-4,106
-500,000
Bought Eu.Opt
9/26/2011
1/20/2011
3.5038
11,076
300,000
Sold Eu.Opt
9/26/2011
1/31/2011
3.5038
-1,400
-300,000
Bought Eu.Opt
9/26/2011
1/31/2011
3.5038
15,636
-300,000
Bought Eu.Opt
10/27/2011
1/28/2011
3.5081
12,519
300,000
Sold Eu.Opt
10/27/2011
1/20/2011
3.5081
-2,536
-300,000
Bought Eu.Opt
10/27/2011
1/20/2011
3.5081
7,022
500,000
Sold Eu.Opt
10/27/2011
1/20/2011
3.5081
-4,942
-500,000
Bought Eu.Opt
10/27/2011
1/20/2011
3.5081
11,703
300,000
Sold Eu.Opt
10/27/2011
1/31/2011
3.5081
-1,735
-300,000
Bought Eu.Opt
10/27/2011
1/31/2011
3.5081
15,809
300,000
Sold Eu.Opt
10/27/2011
1/28/2011
3.5081
-1,808
300,000
Sold Eu.Opt
11/28/2011
1/31/2011
3.5120
-2,067
-300,000
Bought Eu.Opt
11/28/2011
1/31/2011
3.5120
15,996
300,000
Sold Eu.Opt
11/28/2011
1/28/2011
3.5120
-2,099
-300,000
Bought Eu.Opt
11/28/2011
1/28/2011
3.5120
12,766
300,000
Sold Eu.Opt
11/28/2011
1/20/2011
3.5120
-2,771
-300,000
Bought Eu.Opt
11/28/2011
1/20/2011
3.5120
7,385
500,000
Sold Eu.Opt
11/28/2011
1/20/2011
3.5120
-5,760
-500,000
Bought Eu.Opt
11/28/2011
1/20/2011
3.5120
12,308
-500,000
Bought Eu.Opt
12/28/2011
1/20/2011
3.5159
12,809
300,000
Sold Eu.Opt
12/28/2011
1/28/2011
3.5159
-2,404
-300,000
Bought Eu.Opt
12/28/2011
1/28/2011
3.5159
12,963
300,000
Sold Eu.Opt
12/28/2011
1/20/2011
3.5159
-2,997
300,000
Sold Eu.Opt
12/28/2011
1/31/2011
3.5159
-2,379
-300,000
Bought Eu.Opt
12/28/2011
1/31/2011
3.5159
16,140
-300,000
Bought Eu.Opt
12/28/2011
1/20/2011
3.5159
7,685
500,000
Sold Eu.Opt
12/28/2011
1/20/2011
3.5159
-6,516