Edgar Filing: ISRAMCO INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Naphtha Holding, LTD

2. Issuer Name and Ticker or Trading Symbol
ISRAMCO INC [ISRL]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

8 GRANIT ST, P O BOX 10188

3. Date of Earliest Transaction (Month/Day/Year)
10/19/2015

(Street)

PETACH-TIKVA, L3 49002

4. If Amendment, Date Original Filed(Month/Day/Year)
10/21/2015

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/19/2015		P		16,000	A	$ 120	1,930,321 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/07/2016		S		600	D	$ 120	1,929,721 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/07/2016		S		600	D	$ 120.8	1,929,121 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/07/2016		S		410	D	$ 122.1	1,928,711 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/07/2016		S		1	D	$ 122.4	1,928,710 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/08/2016		S		328	D	$ 122.4	1,928,382 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/09/2016		S		475	D	$ 122.4	1,927,907 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/20/2016		S		590	D	$ 123	1,927,317 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/20/2016		S		810	D	$ 123.6	1,926,507 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/20/2016		S		400	D	$ 123	1,926,107 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/20/2016		S		600	D	$ 122	1,925,507 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/20/2016		S		810	D	$ 121.42	1,924,697 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/20/2016		S		1,000	D	$ 120	1,923,697 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/20/2016		S		400	D	$ 121.39	1,923,297 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/20/2016		S		190	D	$ 121.6	1,923,107 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾
Common Stock	12/20/2016		S		590	D	$ 121.77	1,922,517 ⁽¹⁾	I	Acquired by company under common control see note below ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Naphtha Holding, LTD 8 GRANIT ST P O BOX 10188 PETACH-TIKVA, L3 49002		X

Signatures

/s/ Eran Saar		04/12/2017
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	See "Remarks" section
Remarks: (1) This amendment is being filed to correct administrative errors with regard to the number of securities beneficially owned following each transaction as set forth in four beneficial ownership reports on Form 4 (the "Prior Reports") filed by Naphtha Holding, Ltd. ("Naphtha Holding") on October 21, 2015, December 9, 2016, December 12, 2016, and December 22, 2016, respectively. The Prior Reports covered an aggregate of sixteen transactions, including one acquisition transaction of I.O.C-Israel Oil Company Ltd. ("IOC"), a company under common control with Naphtha Holding, that occurred on October 19, 2015, and fifteen separate disposition transactions of Naphtha Exploration LP ("Naphtha Exploration"), a company under common control with Naphtha Holding, that occurred during the period from December 7, 2016 through December 21, 2016. The number of securities beneficially owned following all of the reported transactions should have been reported as 1,922,517 shares of the common stock, par value $0.01 per share (the "Common Stock"), of Isramco, Inc. (the "Company"). This report includes securities indirectly and directly held or held under common control with Naphtha Holding, including securities held by Naphtha Exploration and IOC. After the above reported transactions, Naphtha Exploration does not own any shares of the Company's Common Stock. Further, Naphtha Holding directly holds 1,592,841 shares of Common Stock and IOC directly holds 329,676 shares of Common Stock, for a total of 1,922,517 shares of the Company's Common Stock under common control after the aforementioned transactions reported in this amendment. Naphtha Holding and IOC together hold more than 10% of the outstanding shares of the Company's Common Stock.

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