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| ☐ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|------------------------------------------------------------------------------------------------|

| ý | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|

| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to __________                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |  OR                                                                                                                                                                                     |
| ☐ |   SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF   THE SECURITIES EXCHANGE ACT OF 1934   Date of event requiring this shell company report______ |

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| Title of each class                               |   | Name of each exchange on which registered |
|---------------------------------------------------|--------|-------------------------------------------|
| Ordinary Shares, nominal value NIS 0.04 per share |   | The NASDAQ Stock Market LLC               |

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| Large accelerated filer ☐ | Accelerated filer ☐ | Non-accelerated filer ☒ |
|---------------------------------|---------------------------|-------------------------------|

| U.S. GAAP ☒ | International Financial Reporting Standards as issued         | Other ☐ |
|-------------------|---------------------------------------------------------------|---------------|
|              | by the International Accounting Standards Board  ☐ |          |

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| Number |   | Description                                                                                                                                                      |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 12.1   |   | Certification of the principal executive officer pursuant to 15 U.S.C.  Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|   |   |                                                                                                                                                             |
| 12.2   |   | Certification of the Chief Financial Officer pursuant to 15 U.S.C.  Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.     |
|   |   |                                                                                                                                                             |
| 13.1   |   | Certification of the principal executive officer pursuant to 18 U.S.C.  Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|   |   |                                                                                                                                                             |
| 13.2   |   | Certification of the Chief Financial Officer pursuant to 18 U.S.C.  Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.     |

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|   | TOP IMAGE SYSTEMS LTD. |                    |
|--------|------------------------|-------------------------|
|   |                   |                    |   |
|   | By:                    | /s/ Michael Schrader    |   |
|   |                   | Michael Schrader        |   |
|   |                   | Chief Executive Officer |   |

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