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1、 SECURITIES AND EXCHANGE COMMISSION Washington,D.C.20549 -Form 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b)OR(g)OF THE SECURITIES EXCHANGE ACT OF 1934 OR X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31,1999 OR TRANS
2、ITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934.Commission file number 0-20181 SAPIENS INTERNATIONAL CORPORATION N.V.-(Translation of registrants name into English)NETHERLANDS ANTILLES (Jurisdiction of incorporation or organization)Kaya Richard J.Beaujon z/n P.O.Bo
3、x 837 Willemstad,Curacao,Netherlands Antilles (Address of principal executive offices)Securities registered or to be registered pursuant to Section 12(b)of the Act:Name of each exchange Title of each class on which registered -Common Shares,per value DG 1.00 per share NASDAQ National Market System -
4、Securities registered or to be registered pursuant to Section 12(g)of the Act.NONE (Title of Class)-Securities for which there is a reporting obligation pursuant to Section 15(d)of the Act.NONE (Title of Class)-Indicate the number of outstanding shares of each of the issuers classes of capital of co
5、mmon stock as of the close of the period covered by the annual report:Common Shares 21,464,511 Indicate by checkmark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the proceeding 12 months(or for such shorter pe
6、riod that the registrant was required to file such reports),and(2)has been subject to such filing requirements for the past 90 days.XYes No Indicate by checkmark which financial statement item the registrant has elected to follow:Item 17 Item 18 1 TABLE OF CONTENTS PART I Page Item 1.Description of