Edgar Filing: GEMINI ISRAEL II PARALLEL FUND LP /NY

Ownership Submission

FORM 3

UNITED STATES 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

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Gemini Israel Funds Ltd.

2. Date of Event Requiring Statement (Month/Day/Year)
11/24/2006

3. Issuer Name and Ticker or Trading Symbol
UNITY WIRELESS CORP [UTWY.OB]

(Last)

(First)

(Middle)

9 HAMENOFIM STREET

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

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

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

HERZLIYA PITUACH,Â L3Â 46725

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

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security
(Instr. 4)

2. Amount of Securities Beneficially Owned
(Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)

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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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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 (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series B Convertible Non-Redeemable Preferred Shares	11/24/2006	Â ⁽¹⁾	Common Stock	8,711,796	$ ⁽²⁾	I	By Gemini Israel Funds ⁽³⁾
Warrants	11/24/2006	08/17/2009	Common Stock	970,917	$ 0.2	I	By Gemini Israel Funds ⁽³⁾
Warrants	11/24/2006	08/17/2009	Common Stock	970,917	$ 0.22	I	By Gemini Israel Funds ⁽³⁾
Warrants	11/24/2006	08/17/2009	Common Stock	970,917	$ 0.27	I	By Gemini Israel Funds ⁽³⁾
Warrants	11/24/2006	08/17/2009	Common Stock	970,917	$ 0.3	I	By Gemini Israel Funds ⁽³⁾
Series B Convertible Non-Redeemable Preferred Shares	11/24/2006	Â ⁽¹⁾	Common Stock	405,725	$ ⁽²⁾	I	By GPI ⁽⁴⁾
Warrants	11/24/2006	08/17/2009	Common Stock	8,808	$ 0.2	I	By GPI ⁽⁴⁾
Warrants	11/24/2006	08/17/2009	Common Stock	8,808	$ 0.22	I	By GPI ⁽⁴⁾
Warrants	11/24/2006	08/17/2009	Common Stock	8,808	$ 0.27	I	By GPI ⁽⁴⁾
Warrants	11/24/2006	08/17/2009	Common Stock	8,808	$ 0.3	I	By GPI ⁽⁴⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Gemini Israel Funds Ltd. 9 HAMENOFIM STREET HERZLIYA PITUACH,Â L3Â 46725	Â	Â X	Â	Â
GEMINI PARTNERS INVESTORS L.P. 9 HAMENOFIM STREET HERZLIYA PITUACH,Â L3Â 46725	Â	Â X	Â	Â
GEMINI CAPITAL ASSOCIATES LIMITED PARTNERSHIP 9 HAMENOFIM STREET HERZLIYA PITUACH,Â L3Â 46725	Â	Â X	Â	Â
GEMINI ISRAEL II PARALLEL FUND LP /NY 9 HAMENOFIM STREET HERZLIYA PITUACH,Â L3Â 46725	Â	Â X	Â	Â
Advent PGGM Gemini Limited Partnership 9 HAMENOFIM STREET HERZLIYA PITUACH,Â L3Â 46725	Â	Â X	Â	Â
Gemini Israel II Limited Partnership 9 HAMENOFIM STREET HERZLIYA PITUACH,Â L3Â 46725	Â	Â X	Â	Â

Signatures

By: /s/ Yossi Sela		12/05/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	Not applicable.
(2)	Each of the Series B Convertible Non-Redeemable Preferred Shares par value $0.001 per share, is currently convertible into 1,000 shares of Common Stock par value $0.001.
(3)	Gemini Israel Funds Ltd. ("Gemini Israel Funds") is the general partner of Gemini Capital Associates LP which is the general partner of Gemini Israel II Parallel Fund LP and Advent PGGM Gemini LP. Gemini Israel Funds is the general partner of Gemini Israel II LP. The securities are held directly by each one of the funds.
(4)	Gemini Partners Investors LP ("GPI") is a partnership. The securities are held directly by GPI.
Â Remarks: EachÂ ofÂ theÂ reportingÂ personsÂ andÂ theÂ jointÂ filersÂ disclaimsÂ beneficialÂ ownershipÂ ofÂ theÂ reportedÂ securitiesÂ exceptÂ toÂ the Â extentÂ ofÂ itsÂ pecuniaryÂ interestÂ therein,Â andÂ thisÂ reportÂ shallÂ notÂ beÂ deemedÂ anÂ admissionÂ thatÂ theÂ reportingÂ personÂ or Â jointÂ filerÂ isÂ theÂ beneficialÂ ownerÂ ofÂ theÂ securitiesÂ forÂ purposesÂ ofÂ SectionÂ 16Â ofÂ theÂ SecuritiesÂ EchangeÂ ActÂ ofÂ 1934,Â as Â amendedÂ orÂ forÂ anyÂ otherÂ purpose.

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