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
FINISAR CORPORATION
(Name of Subject Company (Issuer) and Filing Person (Offeror))
Certain Options to Purchase Common Stock, Par Value $0.001 Per Share
(Title of Class of Securities)
31787A 10 1
(CUSIP Number of Class of Securities)
(Underlying Common Stock)
Stephen
K. Workman
Senior Vice President, Finance, Chief Financial Officer and Secretary
Finisar Corporation
1308 Moffett Park Drive
Sunnyvale, CA 94089
(408) 548-1000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications on Behalf of Filing Person)
Copies
to:
Dennis Sullivan, Esq.
William H. Hoffman, Esq.
Gray Cary Ware & Freidenrich LLP
400 Hamilton Avenue
Palo Alto, California 94301
(650) 833-2000
CALCULATION OF FILING FEE
Transaction Valuation* $13,855,420.00 |
Amount of Filing Fee** $1,274.70 |
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Amount Previously Paid: | $1,274.70 | |||
Form or Registration No.: | Schedule TO-I | |||
Filing Party: | Finisar Corporation | |||
Date Filed: | November 8, 2002 |
Check the appropriate boxes below to designate any transactions to which the statement relates:
Check the following box if the filing is a final amendment reporting the results of the tender offer: o
This Amendment No. 1 amends and supplements the Tender Offer Statement on Schedule TO filed by Finisar Corporation (the "Company") with the Securities and Exchange Commission on November 8, 2002 (the "Schedule TO"), relating to an offer by the Company to exchange certain eligible stock options to purchase shares of the Company's common stock, par value $0.001 per share, currently outstanding under the Company's 1989 Stock Option Plan (the "1989 Plan"), the Company's 1999 Stock Option Plan (the "1999 Plan"), the Company's 2001 Nonstatutory Stock Option Plan (the "2001 Plan"), the Demeter Technologies, Inc. 2000 Stock Option Plan (the "Demeter Plan") or the Shomiti Systems, Inc. 1995 Stock Plan (the "Shomiti Plan"), for new options that will be granted under either the 1999 Plan or the 2001 Plan upon the terms and subject to the conditions set forth in the Offer to Exchange that was filed as Exhibit (a)(1)(A) to the Schedule TO.
This Amendment No. 1 amends and supplements the Schedule TO and the Offer to Exchange, in order to:
(i) revise Item 5 of Schedule TO incorporate by reference the Demeter Plan, the Shomiti Plan and the forms of Option Agreement pursuant to such plans;
(ii) revise the Introduction and Section 6 ("Acceptance of Options for Exchange and Issuance of New Options") of the Offer to Exchange filed as Exhibit (a)(1)(A) and the form of Electronic or Facsimile Confirmation of Participation in the Offer to Exchange filed as Exhibit (a)(1)(H) to clarify that confirmation of the Company's acceptance of stock options tendered for cancellation will be provided promptly after the Expiration Date;
(iii) revise Section 6 ("Acceptance of Options for Exchange and Issuance of New Options") of the Offer to Exchange to briefly describe the considerations the Board of Directors intends to apply in determining whether a New Option will be granted under the 1999 Plan or the 2001 Plan;
(iv) revise Section 7 ("Conditions of the Offer") of the Offer to Exchange to exclude any Company act or omission to act as a reason for assertion of a condition to the offer;
(v) revise paragraph (c)(v) of Section 7 ("Conditions of the Offer") of the Offer to Exchange to provide that a decrease of 50% in the Company's stock price following the date of the Offer to Exchange may be asserted as condition permitting termination, postponement or amendment of the offer;
(vi) revise Section 10 ("Information Concerning Finisar Corporation") of the Offer to Exchange to include additional summary financial information concerning the Company;
(vii) revise Section 11 ("Interests of Directors and Officers; Transactions and Arrangements Concerning the Options") of the Offer to Exchange to describe certain additional agreements involving Finisar securities;
(viii) file as Exhibit (a)(1)(K) certain information incorporated by reference to the Company's Proxy Statement for Annual Meeting of Stockholders filed with the Securities and Exchange Commission on August 28, 2002;
(ix) file as Exhibit (a)(1)(L) the notice to eligible option holders from Jerry Rawls concerning revisions made to the Offer to Exchange;
(x) file as Exhibit (d)(7) the Demeter Technologies, Inc. 2000 Stock Option Plan;
(xi) file as Exhibit (d)(8) the form of Option Agreement pursuant to the Demeter Technologies, Inc. 2000 Stock Option Plan;
(xii) file as Exhibit (d)(9) the Shomiti Systems, Inc. 1995 Stock Plan; and
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(xiii) file as Exhibit (d)(10) the form of Option Agreement pursuant to the Shomiti Systems, Inc. 1995 Stock Plan.
Item 5. Past Contacts, Transactions, Negotiations and Agreements.
(e) Agreements Involving the Subject Company's Securities. The information set forth in the Offer to Exchange under Section 11 ("Interests of Directors and Officers; Transactions and Arrangements Concerning the Options") is incorporated herein by reference. The 1989 Plan attached hereto as Exhibit (d)(1) and Form of Option Agreement pursuant to such plan attached hereto as Exhibit (d)(2), the 1999 Plan attached hereto as Exhibit (d)(3) and Form of Option Agreement pursuant to such plan attached hereto as Exhibit (d)(4), the 2001 Plan attached hereto as Exhibit (d)(5) and Form of Option Agreement pursuant to such plan attached hereto as Exhibit (d)(6), the Demeter Plan attached hereto as Exhibit (d)(7) and Form of Option Agreement pursuant to such plan attached hereto as Exhibit (d)(8), and the Shomiti Plan attached hereto as Exhibit (d)(9) and Form of Option Agreement pursuant to such plan attached hereto as Exhibit (d)(10) are incorporated herein by reference.
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(a)(1)(A) | Offer to Exchange Certain Outstanding Options for New Options, dated November 8, 2002 | |
(a)(1)(B)* |
Press Release dated November 8, 2002 |
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(a)(1)(C)* |
Memorandum from Jerry Rawls sent to employees of the Company on November 8, 2002 |
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(a)(1)(D)* |
Form of Election Form, incorporated by reference to Annex 1 to the Offer to Exchange Certain Outstanding Options for New Options filed as Exhibit (a)(1)(A) hereto |
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(a)(1)(E)* |
Form of Notice to Withdraw from the Offer, incorporated by reference to Annex 2 to the Offer to Exchange Certain Outstanding Options for New Options filed as Exhibit (a)(1)(A) hereto |
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(a)(1)(F)* |
Form of Electronic or Facsimile Confirmation of Receipt of Forms |
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(a)(1)(G)* |
Form of Electronic or Facsimile Reminder to Employees |
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(a)(1)(H) |
Form of Electronic or Facsimile Confirmation of Participation in the Offer to Exchange |
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(a)(1)(I)* |
Finisar Corporation Annual Report on Form 10-K for its fiscal year ended April 30, 2002, filed with the Securities and Exchange Commission on July 29, 2002 and incorporated herein by reference |
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(a)(1)(J)* |
Finisar Corporation Quarterly Report on Form 10-Q for its fiscal quarter ended July 28, 2002, filed with the Securities and Exchange Commission on September 11, 2002 and incorporated herein by reference |
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(a)(1)(K) |
Information regarding the beneficial ownership of Company common stock by certain executive officers and directors is incorporated by reference to the section headed "Stock Ownership of Certain Beneficial Owners and Management" contained in the Company's Proxy Statement for Annual Meeting of Stockholders filed with the Securities and Exchange Commission on August 28, 2002 |
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(a)(1)(L) |
Notice to eligible option holders from Jerry Rawls, dated November 25, 2002 |
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(b) |
Not Applicable |
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(d)(1)* |
Finisar Corporation 1989 Stock Option Plan, filed as Exhibit 10.2 to the Company's Registration Statement on Form S-1 (File No. 333-87017) and incorporated herein by reference |
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(d)(2)* |
Form of Option Agreement pursuant to the Finisar Corporation 1989 Stock Option Plan |
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(d)(3)* |
Finisar Corporation 1999 Stock Option Plan, filed as Exhibit 10.3 to the Company's Registration Statement on Form S-1 (File No. 333-87017) and incorporated herein by reference |
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(d)(4)* |
Form of Option Agreement pursuant to the Finisar Corporation 1999 Stock Option Plan |
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(d)(5)* |
Finisar Corporation 2001 Nonstatutory Stock Option Plan |
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(d)(6)* |
Form of Option Agreement pursuant to the Finisar Corporation 2001 Nonstatutory Stock Option Plan |
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(d)(7) |
Demeter Technologies, Inc. 2000 Stock Option Plan |
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(d)(8) |
Form of Option Agreement pursuant to the Demeter Technologies, Inc. 2000 Stock Option Plan |
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(d)(9) |
Shomiti Systems, Inc. 1995 Stock Plan |
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(d)(10) |
Form of Option Agreement pursuant to the Shomiti Systems, Inc. 1995 Stock Plan |
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(g) |
Not Applicable |
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(h) |
Not Applicable |
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After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 1 to Schedule TO is true, complete and correct.
FINISAR CORPORATION | ||
/s/ STEPHEN K. WORKMAN |
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Stephen K. Workman Senior Vice President, Finance Chief Financial Officer and Secretary |
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Dated: November 25, 2002 |
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(a)(1)(A) | Offer to Exchange Certain Outstanding Options for New Options, dated November 8, 2002 | |
(a)(1)(B)* |
Press Release dated November 8, 2002 |
|
(a)(1)(C)* |
Memorandum from Jerry Rawls sent to employees of the Company on November 8, 2002 |
|
(a)(1)(D)* |
Form of Election Form, incorporated by reference to Annex 1 to the Offer to Exchange Certain Outstanding Options for New Options filed as Exhibit (a)(1)(A) hereto |
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(a)(1)(E)* |
Form of Notice to Withdraw from the Offer, incorporated by reference to Annex 2 to the Offer to Exchange Certain Outstanding Options for New Options filed as Exhibit (a)(1)(A) hereto |
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(a)(1)(F)* |
Form of Electronic or Facsimile Confirmation of Receipt of Forms |
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(a)(1)(G)* |
Form of Electronic or Facsimile Reminder to Employees |
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(a)(1)(H) |
Form of Electronic or Facsimile Confirmation of Participation in the Offer to Exchange |
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(a)(1)(I)* |
Finisar Corporation Annual Report on Form 10-K for its fiscal year ended April 30, 2002, filed with the Securities and Exchange Commission on July 29, 2002 and incorporated herein by reference |
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(a)(1)(J)* |
Finisar Corporation Quarterly Report on Form 10-Q for its fiscal quarter ended July 28, 2002, filed with the Securities and Exchange Commission on September 11, 2002 and incorporated herein by reference |
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(a)(1)(K) |
Information regarding the beneficial ownership of Company common stock by certain executive officers and directors is incorporated by reference to the section headed "Stock Ownership of Certain Beneficial Owners and Management" contained in the Company's Proxy Statement for Annual Meeting of Stockholders filed with the Securities and Exchange Commission on August 28, 2002 |
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(a)(1)(L) |
Notice to eligible option holders from Jerry Rawls, dated November 25, 2002 |
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(d)(1)* |
Finisar Corporation 1989 Stock Option Plan, filed as Exhibit 10.2 to the Company's Registration Statement on Form S-1 (File No. 333-87017) and incorporated herein by reference |
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(d)(2)* |
Form of Option Agreement pursuant to the Finisar Corporation 1989 Stock Option Plan |
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(d)(3)* |
Finisar Corporation 1999 Stock Option Plan, filed as Exhibit 10.3 to the Company's Registration Statement on Form S-1 (File No. 333-87017) and incorporated herein by reference |
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(d)(4)* |
Form of Option Agreement pursuant to the Finisar Corporation 1999 Stock Option Plan |
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(d)(5)* |
Finisar Corporation 2001 Nonstatutory Stock Option Plan |
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(d)(6)* |
Form of Option Agreement pursuant to the Finisar Corporation 2001 Nonstatutory Stock Option Plan |
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(d)(7) |
Demeter Technologies, Inc. 2000 Stock Option Plan |
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(d)(8) |
Form of Option Agreement pursuant to the Demeter Technologies, Inc. 2000 Stock Option Plan |
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(d)(9) |
Shomiti Systems, Inc. 1995 Stock Plan |
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(d)(10) |
Form of Option Agreement pursuant to the Shomiti Systems, Inc. 1995 Stock Plan |