zk1109723.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 April 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:  April 5, 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, 2008, 2009, 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 year ended December 31, 2010 is US$3,050 thousands.
 
Another item of disclosure on Priortech’s reports reflects the fact that on December 31, 2010, Camtek was engaged in hedging transactions in US Dollars on the NIS exchange rate. The open hedging transactions as of December 31, 2010, are displayed in the following table:
 
Base
Deal Type
Expiry
Trade Date
Market Rate
Market Value
Amt.
Date
(USD)
250,000
Sold Eu.Opt
27/01/2011
20/10/2010
3.5504
-4
-250,000
Bought Eu.Opt
27/01/2011
20/10/2010
3.5504
660
400,000
Sold Eu.Opt
27/01/2011
07/07/2010
3.5504
0
-400,000
Bought Eu.Opt
27/01/2011
07/07/2010
3.5504
28,137
300,000
Sold Eu.Opt
27/01/2011
08/06/2010
3.5504
0
-300,000
Bought Eu.Opt
27/01/2011
08/06/2010
3.5504
20,264
400,000
Sold Eu.Opt
24/02/2011
30/11/2010
3.5514
-230
-400,000
Bought Eu.Opt
24/02/2011
30/11/2010
3.5514
7,887
250,000
Sold Eu.Opt
24/02/2011
20/10/2010
3.5514
-70
-250,000
Bought Eu.Opt
24/02/2011
20/10/2010
3.5514
1,277
-400,000
Bought Eu.Opt
24/02/2011
07/07/2010
3.5514
28,218
400,000
Sold Eu.Opt
24/02/2011
07/07/2010
3.5514
-4
300,000
Sold Eu.Opt
24/02/2011
08/06/2010
3.5514
-5
 
 
 
 
 
 
-300,000
Bought Eu.Opt
24/02/2011
08/06/2010
3.5514
20,590
400,000
Sold Eu.Opt
29/03/2011
30/11/2010
3.5527
-646
-400,000
Bought Eu.Opt
29/03/2011
30/11/2010
3.5527
8,949
400,000
Sold Eu.Opt
29/03/2011
07/07/2010
3.5527
-64
250,000
Sold Eu.Opt
29/03/2011
20/10/2010
3.5527
-284
-250,000
Bought Eu.Opt
29/03/2011
20/10/2010
3.5527
1,956
-400,000
Bought Eu.Opt
29/03/2011
07/07/2010
3.5527
28,482
-300,000
Bought Eu.Opt
29/03/2011
08/06/2010
3.5527
20,165
300,000
Sold Eu.Opt
29/03/2011
08/06/2010
3.5527
-69
400,000
Sold Eu.Opt
27/04/2011
30/11/2010
3.5541
-1,089
-400,000
Bought Eu.Opt
27/04/2011
30/11/2010
3.5541
9,694
300,000
Sold Eu.Opt
27/04/2011
20/10/2010
3.5541
-576
-300,000
Bought Eu.Opt
27/04/2011
20/10/2010
3.5541
2,931
400,000
Sold Eu.Opt
27/04/2011
07/07/2010
3.5541
-188
-400,000
Bought Eu.Opt
27/04/2011
07/07/2010
3.5541
28,717
400,000
Sold Eu.Opt
26/05/2011
17/11/2010
3.5557
-1,484
-400,000
Bought Eu.Opt
26/05/2011
17/11/2010
3.5557
10,325
300,000
Sold Eu.Opt
26/05/2011
20/10/2010
3.5557
-841
-300,000
Bought Eu.Opt
26/05/2011
20/10/2010
3.5557
3,433
400,000
Sold Eu.Opt
26/05/2011
07/07/2010
3.5557
-358
-400,000
Bought Eu.Opt
26/05/2011
07/07/2010
3.5557
28,936
-400,000
Bought Eu.Opt
28/06/2011
07/07/2010
3.5573
29,214
400,000
Sold Eu.Opt
28/06/2011
17/11/2010
3.5573
-1,914
-400,000
Bought Eu.Opt
28/06/2011
17/11/2010
3.5573
10,985
300,000
Sold Eu.Opt
28/06/2011
20/10/2010
3.5573
-1,157
-300,000
Bought Eu.Opt
28/06/2011
20/10/2010
3.5573
3,951
400,000
Sold Eu.Opt
28/06/2011
07/07/2010
3.5573
-609