Endwave Corp - Amended tender offer statement by Issuer (SC TO-I/A)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

washington, d.c. 20549

Amendment No. 1 to
SCHEDULE TO
(Rule 13e-4)

Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934

ENDWAVE CORPORATION

(Name of Subject Company (Issuer) and Filing Person (Offeror))

Options to Purchase Common Stock, $0.001 Par Value Per Share
(Title of Class of Securities)

29264A206
(CUSIP Number of Class of Securities)
(Underlying Common Stock)

EDWARD A KEIBLE, JR.
President and Chief Executive Officer
Endwave Corporation
130 Baytech Drive
San Jose, California 95134
(408) 522-3100

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications on Behalf of Filing Person)

Copy to:

JODIE BOURDET
TARAK SHAH
Cooley Godward Kronish LLP
101 California Street, 5 ^th Floor
San Francisco, California 94111
(415) 693-2000

CALCULATION OF REGISTRATION FEE


Transaction Value*		Amount of Filing Fee

$1,224,986		$48.14


*		Estimated solely for purposes of calculating the amount of the filing fee. The calculation of the transaction valuation assumes that all options to purchase the issuer’s common stock that are eligible for exchange will be exchanged for new options and cancelled pursuant to this offer. These options have a value of $1,224,986 calculated using the Black-Scholes method based on a price per share of $7.12, the average of the high and low prices of the issuer’s common stock as reported on the NASDAQ Global Market on January 2, 2008.

Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

Amount Previously Paid: $48.14
Form or Registration No.: SC TO-I
Filing Party: Endwave Corporation
Date Filed: January 4, 2008

Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

o third-party tender offer subject to Rule 14d-1.

þ issuer tender offer subject to Rule 13e-4.

o going-private transaction subject to Rule 13e-3.

o amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: þ

SCHEDULE TO

(AMENDMENT NO. 1)

This Amendment No. 1 to Schedule TO amends and supplements the Schedule TO filed by Endwave Corproation, a Delaware corporation (the “Company”), with the Securities and Exchange Commission on January 4, 2008 (the “Schedule TO”), wherein the Company offered to exchange certain outstanding eligible option grants for new options grants , on the terms and subject to the conditions described in the Offer to Exchange, dated January 4, 2008 (the “Offer to Exchange”).

ITEM 4. Terms of the Transaction.

Item 4 of the Schedule TO is hereby amended and supplemented as follows:

The Offer to Exchange expired at 5:00 p.m., U.S. Pacific Time, on February 6, 2008. Optionholders eligible to participate in the Offer to Exchange tendered, and the Company accepted for cancellation, eligible option grants to purchase an aggregate of 327,921 shares of the Company’s common stock from 105 participants, representing 98.79% of the total shares of common stock underlying options eligible for exchange in the Offer to Exchange. The Company will issue or has already issued new option grants to purchase an aggregate of 327,921 shares of common stock in exchange for the cancellation of the tendered eligible option grants. The exercise price per share of each new option granted in the Offer to Exchange is $6.59, which is the closing price of the Company’s common stock as reported by the NASDAQ Global Market on the date prior to the grant date of the new option grants.

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.