Amended Statement of Beneficial Ownership (sc 13d/a)
November 24 2020 - 5:26PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
Steven Spencer
Siris Capital Group, LLC
601 Lexington Avenue, 59th Floor
New York, NY 10022
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
(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. o
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on 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).
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
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1
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NAME OF REPORTING PERSONS
Triangle Private Holdings II, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
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(a) o
(b) x
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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)
AF
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
0
|
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8
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SHARED VOTING POWER
1,973,884 (1)
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9
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SOLE DISPOSITIVE POWER
0
|
|
10
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SHARED DISPOSITIVE POWER
1,973,884 (1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,884 (1)
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
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14
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TYPE OF REPORTING PERSON (See Instructions)
OO
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(1) See Item 5 hereto.
2
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1
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NAME OF REPORTING PERSONS
Triangle Private Holdings I, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
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(a) o
(b) x
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3
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SEC USE ONLY
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4
|
SOURCE OF FUNDS (See Instructions)
AF
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5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
1,973,884 (1)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
1,973,884 (1)
|
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,884 (1)
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|
12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
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14
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TYPE OF REPORTING PERSON (See Instructions)
OO
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|
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(1) See Item 5 hereto.
3
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1
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NAME OF REPORTING PERSONS
Triangle Private Investments, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
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(a) o
(b) x
|
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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)
AF
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
1,973,884 (1)
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|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
1,973,884 (1)
|
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,884 (1)
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
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14
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TYPE OF REPORTING PERSON (See Instructions)
OO
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(1) See Item 5 hereto.
4
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1
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NAME OF REPORTING PERSONS
Siris Partners III, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
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(a) o
(b) x
|
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3
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SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS (See Instructions)
OO
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
1,973,884 (1)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
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SHARED DISPOSITIVE POWER
1,973,884 (1)
|
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,884 (1)
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
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14
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TYPE OF REPORTING PERSON (See Instructions)
PN
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(1) See Item 5 hereto.
5
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1
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NAME OF REPORTING PERSONS
Siris Partners III Parallel, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
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(a) o
(b) x
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3
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SEC USE ONLY
|
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4
|
SOURCE OF FUNDS (See Instructions)
OO
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
1,973,884 (1)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
1,973,884 (1)
|
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,884 (1)
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
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14
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TYPE OF REPORTING PERSON (See Instructions)
PN
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(1) See Item 5 hereto.
6
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1
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NAME OF REPORTING PERSONS
Siris Partners GP III, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
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(a) o
(b) x
|
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3
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SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS (See Instructions)
OO
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5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
1,973,884 (1)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
1,973,884 (1)
|
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,884 (1)
|
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
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|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
|
|
14
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TYPE OF REPORTING PERSON (See Instructions)
PN
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|
|
|
|
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(1) See Item 5 hereto.
7
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1
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NAME OF REPORTING PERSONS
Siris GP HoldCo III, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
|
(a) o
(b) x
|
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS (See Instructions)
OO
|
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5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
1,973,884 (1)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
1,973,884 (1)
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,884 (1)
|
|
12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
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|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
|
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14
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TYPE OF REPORTING PERSON (See Instructions)
OO
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|
|
|
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(1) See Item 5 hereto.
8
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1
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NAME OF REPORTING PERSONS
Siris Capital Group III, L.P.
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
|
(a) o
(b) x
|
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS (See Instructions)
OO
|
|
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
o
|
|
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
1,973,884 (1)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
1,973,884 (1)
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,884 (1)
|
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
|
|
14
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TYPE OF REPORTING PERSON (See Instructions)
PN
|
|
|
|
|
|
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(1) See Item 5 hereto.
9
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1
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NAME OF REPORTING PERSONS
Siris Capital Group, LLC
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
|
(a) o
(b) x
|
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS (See Instructions)
OO
|
|
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
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SHARED VOTING POWER
1,982,187 (1)(2)
|
|
9
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SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
1,982,187 (1)(2)
|
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11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,982,187 (1)(2)
|
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
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|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
|
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14
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TYPE OF REPORTING PERSON (See Instructions)
OO
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(1) See Item 5 hereto.
(2) Includes 2,904 shares of PLT Common Stock (as defined below) and 5,399 shares of PLT Common Stock awarded to Frank Baker in connection with his service as a former director of the Issuer, which shares vested on August 2, 2019 and June 28, 2020, respectively. Pursuant to an assignment agreement between Siris Capital Group and Mr. Baker, Mr. Baker has assigned to Siris Capital Group all of his right, title and interest in and to any compensation, including equity awards, he receives from the Issuer for his services as a former director of the Issuer.
10
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1
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NAME OF REPORTING PERSONS
Siris Group GP, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
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(a) o
(b) x
|
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3
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SEC USE ONLY
|
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4
|
SOURCE OF FUNDS (See Instructions)
OO
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5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
o
|
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
1,982,187 (1)(2)
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
1,982,187 (1)(2)
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,982,187 (1)(2)
|
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o
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13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% (1)
|
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14
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TYPE OF REPORTING PERSON (See Instructions)
OO
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(1) See Item 5 hereto.
(2) See footnote (2) on the previous page.
11
This Amendment No. 4 to Schedule 13D (this “Amendment No. 4”) amends and supplements the Schedule 13D filed on July 6, 2018 (as amended on February 11, 2020, February 26, 2020 and August 31, 2020, the “Schedule 13D”) with the U.S. Securities and Exchange Commission (the “SEC”), relating to the shares of common stock, par value $0.01 per share (“PLT Common Stock”), of Plantronics, Inc. (the “Issuer” or the “Company”). Unless specifically amended hereby, the disclosures set forth in the Schedule 13D remain unchanged. Capitalized terms used in this Amendment No. 4 that are not otherwise defined herein have the meanings attributed to them in the Schedule 13D.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:
On November 23, 2020, Triangle Holdings II sold 1,011,350 shares of PLT Common Stock at a price per share of $24.00 in a block sale to a broker-dealer.
Item 5. Interest in Securities of the Issuer
Item 5 (a) - (c) and (e) of the Schedule 13D is hereby amended and restated in its entirety as follows:
(a) and (b)
None of the Reporting Persons has the sole power to vote or direct the vote or the sole power to dispose or direct the disposition of any of the shares of PLT Common Stock to which this Schedule 13D relates. All of the Reporting Persons have shared power to vote or direct the vote and shared power to dispose or direct the disposition of 1,973,884 shares of PLT Common Stock reported in this Schedule 13D, which constitute approximately 4.8% of the outstanding shares of PLT Common Stock. In addition, Siris Capital Group and Siris Group GP also have shared power to vote or direct the vote and shared power to dispose or direct the disposition of 8,303 shares of PLT Common Stock (which shares were awarded to Frank Baker in connection with his service as a former director of the Issuer) reported in this Schedule 13D, which constitute approximately 0.02% of the outstanding shares of PLT Common Stock and, when aggregated with the shares of PLT Common Stock referenced in the previous sentence, constitutes approximately 4.8% of the outstanding shares of PLT Common Stock. Pursuant to an assignment agreement between Siris Capital Group and Mr. Baker, Mr. Baker has assigned to Siris Capital Group all of his right, title and interest in and to any compensation, including equity awards, he receives from the Issuer for his services as a director of the Issuer.
The percentages set forth above are based on an aggregate of 41,246,609 shares of PLT Common Stock outstanding as of October 26, 2020, as reported in the Company’s Quarterly Report on Form 10-Q, filed with the SEC on October 30, 2020.
The Reporting Persons may be deemed to be members of a “group” for purposes of Section 13(d) of the Act, which group may be deemed to share the power to vote or direct the vote, or to dispose or direct the disposition, of the PLT Shares. However, neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission by any of the Reporting Persons that it is a member of a “group” for purposes of Section 13(d) of the Act or for any other purpose. Each of the Reporting Persons expressly disclaims beneficial ownership of securities held by any other person or entity other than, to the extent of any pecuniary interest therein, the various accounts under such Reporting Person’s management and control.
(c)
The Reporting Persons engaged in the following transaction with respect to the PLT Common Stock during the last sixty days: on November 23, 2020, Triangle Holdings II sold 1,011,350 shares of PLT Common Stock at a price per share of $24.00 in a block sale to a broker-dealer.
(e)
The Reporting Persons ceased to be the beneficial owners of more than five percent of the outstanding shares of PLT Common Stock on November 23, 2020.
12
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: November 24, 2020
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TRIANGLE PRIVATE HOLDINGS II, LLC
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By:
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/s/ Peter Berger
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Name:
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Peter Berger
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Title:
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Authorized Signatory
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TRIANGLE PRIVATE HOLDINGS I, LLC
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By:
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/s/ Peter Berger
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Name:
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Peter Berger
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Title:
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Authorized Signatory
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TRIANGLE PRIVATE INVESTMENTS, LLC
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By:
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/s/ Peter Berger
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Name:
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Peter Berger
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Title:
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Authorized Signatory
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SIRIS PARTNERS III, L.P.
SIRIS PARTNERS III PARALLEL, L.P.
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By:
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Siris Partners GP III, L.P., its general partner
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By:
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Siris GP HoldCo III, LLC, its general partner
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By:
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/s/ Peter Berger
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Name:
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Peter Berger
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Title:
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Managing Member
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SIRIS PARTNERS GP III, L.P.
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By:
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Siris GP HoldCo III, LLC, its general partner
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By:
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/s/ Peter Berger
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Name:
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Peter Berger
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Title:
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Managing Member
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SIRIS GP HOLDCO III, LLC
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By:
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/s/ Peter Berger
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Name:
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Peter Berger
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Title:
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Managing Member
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SIGNATURE PAGE TO SCHEDULE 13D AMENDMENT NO. 4
13
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SIRIS CAPITAL GROUP III, L.P.
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By:
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Siris Group GP, LLC, its general partner
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By:
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/s/ Peter Berger
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Name:
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Peter Berger
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Title:
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Manager
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SIRIS CAPITAL GROUP, LLC
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By:
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Siris Group GP, LLC, its managing member
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By:
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/s/ Peter Berger
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Name:
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Peter Berger
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Title:
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Manager
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SIRIS GROUP GP, LLC
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By:
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/s/ Peter Berger
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Name:
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Peter Berger
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Title:
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Manager
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SIGNATURE PAGE TO SCHEDULE 13D AMENDMENT NO. 4
14
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