U

FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

INITIAL STATEMENT OF 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

1. Name and Address of Reporting Person*

2. Date of Event Requiring Statement for (Month/Day/Year)

4. Issuer Name and Ticker or Trading Symbol

SEGEV

MEIR

A.I. SOFTWARE, INC. - AISF

(Last)

(First)

(Middle)

March 18, 2003

N/A

3. IRS or Social Security Number of Reporting Person (Voluntary)

 

5. Relationship of Reporting Persons to Issuer

(Check all applicable)

X Director

¨ 10% Owner

¨ Officer (give title

¨ Other (specify

below) below)

________________________

6. If Amendment, Date of Original (Month/Day/Year)

(Street)

7. Individual or Joint/Group Filing

(Check applicable line)

X Form filed by One Reporting Person

¨

Form filed by More than One Reporting Person

Beit-Izhak Israel 42920

(City) (State) (Zip)

* If the Form is filed by more than one Reporting Person, see Instructions 5(b)(v).

Table I - Non-Derivative Services Beneficially Owned

1. Title of Security

(Instr. 4)

2 Amount of Securities Beneficially Owned (Inst. 4)

3. Ownership Form:

Direct (D) or
Indirect (I)

(Instr. 5)

4. Nature of Indirect Beneficial Ownership

(Instr. 5)

NONE

NONE

NONE

NONE
       
       
       
       
       
       
       
       
       
       
       
       

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

(Print or Type Response)

FORM 3 (continued) Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 4)

2. Date Exercisable and Expiration Date (Month Day Year)

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

4. Conversion
or Exercise Price of Derivative Security

5. Ownership Form of Derivative Security: Direct (D) or Indirect (1) (Instr. 5)

6. Nature of Indirect Beneficial Ownership (Instr. 5)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

NONE

N/A

N/A

N/A

N/A

N/A

N/A

N/A
               
               
               
               
               
               
               
               
               
               

Explanation of Responses:  

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.

/s/ Meir Segev

  

March 27, 2003

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

**Signature of Reporting Person

  

Date

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient,
See Instruction 6 for procedure.