Sec Form 4/A Filing - Sheffler David @ Mellanox Technologies, Ltd. - 2007-08-10

Insider filing report for Changes in Beneficial Ownership
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FORM 4/A
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
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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1. Name and Address of Reporting Person
Sheffler David
2. Issuer Name and Ticker or Trading Symbol
Mellanox Technologies, Ltd. [ MLNX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP WorldWide Sales
(Last) (First) (Middle)
2900 STENDER WAY
3. Date of Earliest Transaction (MM/DD/YY)
08/10/2007
(Street)
SANTA CLARA, CA95054
4. If Amendment, Date Original Filed (MM/DD/YY)
08/14/2007
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Ordinary Shares 08/10/2007 M 17,142 A $ 2.63 17,142 ( 1 ) D
Ordinary Shares 08/10/2007 M 11,785 A $ 3.85 28,927 ( 1 ) D
Ordinary Shares 08/10/2007 M 5,000 A $ 6.65 33,927 ( 1 ) D
Ordinary Shares 08/10/2007 M 37,502 A $ 1.3 71,429 ( 1 ) D
Ordinary Shares 08/10/2007 M 28,571 A $ 1.47 100,000 ( 1 ) D
Ordinary Shares 08/10/2007 S 100,000 D $ 16.57 0 ( 1 ) D
Ordinary Shares 08/13/2007 M 2,498 A $ 1.3 2,498 ( 1 ) D
Ordinary Shares 08/13/2007 S 2,498 D $ 16.47 0 ( 1 ) D
Ordinary Shares 259,428 ( 1 ) I ( 1 ) By Trust ( 2 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sheffler David
2900 STENDER WAY
SANTA CLARA, CA95054
VP WorldWide Sales
Signatures
/s/ David R. Sheffler by Michael Gray with power of attorney 10/03/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Ownership of 259,428 of the shares beneficially owned by the reporting person (the "Shares") was erroneously reported as "Direct (D)" on August 14, 2007 Form 4 filing. The reporting person gifted the Shares to the "Sheffler Family Trust UAD 5/14/07 David R. Sheffler & Tina E. Sheffler TTEES" on or about July 26, 2007. Therefore, the reporting person's ownership of the Shares should have been reported as "Indirect (I)" on Form 4 filings made with the Securities and Exchange Commission (the "SEC") on August 14, 2007 and September 7, 2007. The reporting person subsequently reported the gift of the Shares on a Form 4 filed with the SEC on October 3, 2007. Except as otherwise noted in this Form 4/A, all other information disclosed in the reporting person's original Form 4 was accurately reported.
( 2 )Shares held by the Sheffler Family Trust UAD 5/14/07 David R. Sheffler & Tina E. Sheffler TTEES.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

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