- Amended tender offer statement by Issuer (SC TO-I/A)
November 19 2010 - 4:28PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT No. 3 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
BigBand Networks, Inc.
(Name of Subject Company (Issuer) and Filing Person (Offeror))
Options to Purchase Common Stock, $0.001 par value
(Title of Class of Securities)
089750509
(CUSIP Number of Class of Securities Underlying Common Stock)
Robert E. Horton
Senior Vice President and General Counsel
BigBand Networks, Inc.
475 Broadway Street
Redwood City, California 94063
650-995-5000
(Name, address and telephone numbers of person authorized to receive
notices and communications on behalf of filing person)
Copy to:
J. Robert Suffoletta
Wilson Sonsini Goodrich & Rosati
Professional Corporation
650 Page Mill Road
Palo Alto, California
650-493-9300
CALCULATION OF FILING FEE
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Transaction Valuation*
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Amount of Filing Fee
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$23,981,731
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$1,710
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*
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Calculated solely for purposes of determining the filing fee. This amount assumes that options to purchase 6,250,106 shares of
common stock of BigBand Networks, Inc. having an aggregate value of $23,981,731 as of October 18, 2010 will be exchanged and
cancelled pursuant to this offer. The aggregate value of such securities was calculated based on the Black-Scholes option pricing
model. The amount of the filing fee, calculated in accordance with the Securities Exchange Act of 1934, as amended, equals $71.30
for each $1,000,000 of the value of this transaction.
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þ
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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.
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Amount Previously Paid:
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$1,710
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Form or Registration No.:
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Schedule TO-I
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Filing party:
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BigBand Networks, Inc.
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Date filed:
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October 21, 2010
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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Check the appropriate boxes below to designate any transactions to which the statement relates:
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third party tender offer subject to Rule 14d-1.
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þ
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issuer tender offer subject to Rule 13e-4.
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o
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going-private transaction subject to Rule 13e-3.
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amendment to Schedule 13D under Rule 13d-2.
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Check the following box if the filing is a final amendment reporting the results of the tender offer:
þ
This Amendment No. 3 amends and supplements the Tender Offer Statement on
Schedule TO filed with the Securities and Exchange Commission on October 21, 2010 (the Schedule
TO), relating to an offer by BigBand Networks, Inc., a Delaware corporation (BigBand or the
Company) to exchange (the Exchange Offer) certain outstanding options to purchase up to an
aggregate of 6,250,106 shares of the Companys common stock, whether vested or unvested, that (i)
have an exercise price per share greater than or equal to $3.50, (ii) were granted under either the
BigBand 2007 Equity Incentive Plan, including the BigBand. 2007 Equity Incentive Plan Israeli
Sub-plan thereunder (the 2007 Plan) or the BigBand 2003 Share Option and Incentive Plan,
including the BigBand 2004 Share Option and Incentive Plan Sub-plan for Israeli Employees
thereunder (the 2003 Plan), and (iii) are held by Eligible Employees, except as otherwise
described in the Exchange Offer (the Eligible Options).
An Eligible Employee refers to an employee of the Company or any of its subsidiaries that
resides in the U.S., China, Hong Kong, Israel or Korea as of the start of the Exchange Offer and
remains an employee of the Company or any of its subsidiaries in any such countries through the
expiration of the Exchange Offer and the RSU grant date.
Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the Exchange
Act), this Amendment No. 3 amends and supplements only Item 4 of the Schedule TO in the manner set
forth below. All other items and exhibits contained in the Schedule TO remain unaffected.
This Amendment No. 3 is filed in satisfaction of the reporting requirements of Rule
13e-4(c)(4) promulgated under the Exchange Act.
Item 4. Terms of the Transaction.
(a) Material Terms
Item 4 of the Schedule TO is hereby amended to add the following information:
The offer expired on November 18, 2010 at 9:00 p.m. Pacific Time. A total of 268 Eligible Employees
participated in the Exchange Offer. Pursuant to the terms and conditions of the Exchange Offer,
the Company accepted for exchange Eligible Options to purchase 5,168,521 shares of the Companys common
stock, representing approximately 83% of the total shares underlying the Eligible Options. All surrendered options were cancelled, and
immediately thereafter, the Company issued a total of 1,813,090 restricted stock units in exchange
therefore, pursuant to the terms of the Exchange Offer and the 2007 Plan. One share of the
Companys common stock is issuable upon the vesting of each restricted stock unit.
-1-
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.
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BigBand Networks, Inc.
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/s/
Robert E. Horton
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Robert E. Horton
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Senior Vice President and General Counsel
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Date: November 19, 2010
-2-
INDEX TO EXHIBITS
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Exhibit
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Number
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Description
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(a)(1)(A)*
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Offer to Exchange Certain Outstanding Options for Restricted Stock Units dated October 21, 2010
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(a)(1)(B)*
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Launch Announcement E-mail dated October 21, 2010
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(a)(1)(C)*
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Election Form
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(a)(1)(D)*
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Forms of Confirmation E-mail
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(a)(1)(E)*
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Forms of Reminder E-mail
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(a)(1)(F)
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Form of Restricted Stock Unit Agreement (U.S.) (
which is incorporated herein by reference
to Exhibit 10.6C to the Registrants Quarterly Report on Form 10-Q filed with the Commission
on August 8, 2007, Commission File No. 001-33355
)
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(a)(1)(G)
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Form of Restricted Stock Unit Agreement (Non-U.S.) (
which is incorporated herein by
reference to Exhibit 10.6D to the Registrants Quarterly Report on Form 10-Q filed with the
Commission on August 8, 2007, Commission File No. 001-33355
)
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(a)(1)(H)*
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Form of Informational Presentation to Employees
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(a)(1)(I)*
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Screen Shots from Offer Website
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(a)(1)(J)*
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Form of Confirmation Letter to Israeli Tax Authorities
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(a)(1)(K)**
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Form of E-mail to Israeli Eligible Employees
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(a)(1)(L)**
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Form of E-mail Notification of Change in Meetings
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(a)(1)(M)***
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Form of E-mail to Relocated Israeli Eligible Employees
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(a)(1)(N)***
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Form of Clarification E-mail to Israeli Eligible Employees
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(b)
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Not applicable.
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(d)(1)
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2003 Share Option and Incentive Plan, including the 2004 Share Option and Incentive Sub-Plan
for Israeli Employees (
which is incorporated herein by reference to Exhibits 10.4 and 10.5 to
the Registrants Registration Statement on Form S-1 filed with the Commission on December 22,
2006, Commission File No. 333-139652
)
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(d)(2)
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2007 Equity Incentive Plan, including the 2007 Equity Incentive Sub-Plan for Israeli
Employees, and the forms of option and restricted stock agreements thereunder (
which are
incorporated herein by reference to Exhibit 10.6 to the Registrants Registration Statement on
Form S-1/A filed with the Commission on March 8, 2007, Commission File No. 333-139652, and
Exhibits 10.6A-F to the Registrants Quarterly Report on Form 10-Q filed with the Commission
on August 10, 2007, Commission File No. 001-33355
)
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(g)
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Not applicable.
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(h)
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Not applicable.
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*
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Previously filed as an exhibit to the Schedule TO-I filed with the Securities and Exchange
Commission on October 21, 2010, Commission File No. 005-83242.
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**
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Previously filed as an exhibit to the Schedule TO-I/A filed with the Securities and Exchange
Commission on November 5, 2010, Commission File No. 005-83242.
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***
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Previously filed as an exhibit to the Schedule TO-I/A filed with the Securities and Exchange
Commission on November 12, 2010, Commission File No. 005-83242.
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