Amended Statement of Beneficial Ownership (sc 13d/a)
August 18 2017 - 4:45PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Vuzix
Corporation
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
92921W300
(CUSIP number)
With a copy to:
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Susie Giordano
Corporate Vice President and Corporate Secretary
Intel Corporation
2200
Mission College Boulevard
Santa Clara, California 95054-1549
(408) 765-8080
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Gregory T. Davidson
Gibson, Dunn & Crutcher LLP
1881 Page Mill Road
Palo
Alto, California 94303-1125
(650) 849-5300
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 14, 2017
(Date of Event Which Requires Filing of this Statement)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box. ☐.
Note
: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
*
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The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
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The information required in the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (the
Act
) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of
the Act (however, see the
Notes
).
Page
2
of 5
CUSIP No. 92921W300
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1
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Names of
Reporting Persons
Intel Corporation
94-1672743
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2
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Check the Appropriate Box if a
Member of a Group (See Instructions)
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Source of Funds (See Instructions)
WC
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5
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Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐
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6
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Citizenship or Place of
Organization
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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Sole Voting Power
4,962,600(1)
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8
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Shared Voting Power
0
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9
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Sole Dispositive Power
4,962,600(1)
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10
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Shared Dispositive Power
0
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
4,962,600(1)
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12
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Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions) ☐
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13
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Percent of Class Represented by Amount
in Row (11)
18.3%(2)
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14
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Type of Reporting Person (See
Instructions)
CO
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(1)
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See Item 5 of the Schedule 13D. The Reporting Person beneficially owns 49,626 shares of the Series A Preferred Stock (as defined in the Schedule 13D), each share of which is convertible, at the option of the
Reporting Person, into 100 shares of Common Stock (as defined in the Schedule 13D).
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(2)
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The above calculation is based on 22,174,742 shares of Common Stock outstanding as of August 14, 2017 (as reported in the Issuers Prospectus Supplement filed on August 10, 2017 pursuant to Rule 424(b)(5)
under the Securities Act of 1933, as amended) and assumes conversion of all of the Series A Preferred Stock beneficially owned by the Reporting Person.
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Page
3
of 5
This Amendment No. 3 (this Amendment) to the Statement on Schedule 13D (the Schedule
13D) filed by Intel Corporation, a Delaware corporation (the Reporting Person or Intel), on January 12, 2015, as amended by Amendment No. 1 to the Schedule 13D filed by the Reporting Person on
November 17, 2016 and Amendment No. 2 to the Schedule 13D filed by the Reporting Person on December 9, 2016 , relates to the common stock, par value $0.001 per share (the Common Stock), of Vuzix Corporation, a
Delaware corporation (the Issuer or Vuzix), and amends and supplements such Schedule 13D, as so amended. This Amendment is being filed by the Reporting Person to reflect a decrease in its beneficial ownership percentage
solely as a result of the issuance by the Issuer of additional shares of Common Stock, including shares issued in its recent public offering, as described below, and not as a result of any decrease in the number of shares of Common Stock
beneficially owned by the Reporting Person. Except as specifically set forth herein, the Schedule 13D, as so amended, remains unmodified.
Item 5.
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Interest in Securities of the Issuer
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Items 5(a) and (b) are hereby amended and restated in their
entirety as follows:
(a) Intel does not directly own any shares of Common Stock of the Issuer. As of the date hereof, and as a result of Intels
ownership of 49,626 shares of Series A Preferred Stock, Intel is deemed to beneficially own, by reason of the provisions of Rule 13d-3 under the Act, 4,962,600 shares of Common Stock. Intel has sole voting and dispositive power over such shares of
Common Stock.
Assuming conversion of all of the Series A Preferred Stock beneficially owned by Intel, Intel would hold 18.3% of the total outstanding
shares of Common Stock based on 22,174,742 shares of Common Stock outstanding as of August 14, 2017 (as reported in the Issuers Prospectus Supplement filed on August 10, 2017 pursuant to Rule 424(b)(5) under the Securities Act of
1933, as amended). On August 16, 2017, the Issuer filed a
Form 8-K
announcing the closing, as of August 14, 2017, of its public offering of 1,500,000 shares of Common Stock, as described in such
Prospectus Supplement.
Each share of Series A Preferred Stock is convertible, at the option of Intel, into 100 shares of Common Stock, subject to
adjustment in the event of stock splits, dividends or other combinations. See Item 4 of the Schedule 13D for a description of the Series A Preferred Stock.
(b)
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No. of
Shares
Beneficially
Owned
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% of
Shares
Beneficially
Owned
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Shares
Subject to
Sole Voting
Power
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Shares
Subject to
Shared
Voting
Power
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Shares
Subject to
Sole
Dispositive
Power
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Shares
Subject to
Shared
Dispositive
Power
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Intel Corporation
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4,962,600
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18.3
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%
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4,962,600
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0
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4,962,600
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0
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Page
4
of 5
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
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Dated as of August 16, 2017
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INTEL CORPORATION
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By:
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/s/ Steven R.
Rodgers
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Steven R. Rodgers
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Executive Vice President and General Counsel
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INTEL CORPORATION
POWER OF ATTORNEY
The undersigned hereby
constitutes and appoints Susie Giordano and Steven R. Rodgers, and with full power of substitution, the undersigneds true and lawful attorney-in-fact with full power to execute and file with the Securities and Exchange Commission and any stock
exchange or similar authority, any report required to be filed pursuant to Section 13 of the Securities Exchange Act of 1934 (as amended, the Act), with respect to securities which may be deemed to be beneficially owned by the
Company under the Act, giving and granting unto said attorney-in-fact the power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized
signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.
This Power of
Attorney shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person to whom power of attorney has been hereby granted ceases to be an employee of Intel Corporation.
The undersigned has caused this Power of Attorney to be executed as of August 7, 2017.
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INTEL CORPORATION
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By:
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/s/ Robert H. Swan
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Robert H. Swan
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Executive Vice President and Chief Financial Officer
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Page
5
of 5
EXHIBIT INDEX
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Exhibit
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Description
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99.1
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Series A Preferred Stock Purchase Agreement dated January 2, 2015 (previously filed with the Issuers Current Report on Form 8-K, filed January 2, 2015 and incorporated herein by reference).
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99.2
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Investors Rights Agreement (previously filed with the Issuers Current Report on Form 8-K, filed January 2, 2015 and incorporated herein by reference).
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99.3
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Series A Preferred Stock Certificate of Designation (previously filed with the Issuers Current Report on Form 8-K, filed January 2, 2015 and incorporated herein by reference).
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