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4//SEC Filing

POWER ONE INC 4

Accession 0001181431-13-034678

CIK 0001042825operating
View on SEC.govCompany Profile

Filed

Jun 12, 8:00 PM ET

Accepted

Jun 13, 1:24 PM ET

Size

21.0 KB

Accession

0001181431-13-034678

Insider Transaction Report

Form 4
Period: 2013-06-12
POWER ONE INCPWER
Silver Lake Sumeru Fund LP
Director10% Owner
Transactions
  • Conversion

    Series C Jr Convert Pref Stock, par value $0.001 per share

    2013-06-12−11,364.396→ 24,713.604 total
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (8,418,071 underlying)
  • Conversion

    Common Stock, par value $0.001 per share

    2013-06-12+8,418,071→ 25,775,108 total
  • Conversion

    Common Stock, par value $0.001 per share

    2013-06-12+69,336→ 212,299 total(indirect: See Footnote)
  • Conversion

    Series C Jr Convert Pref Stock, par value $0.001 per share

    2013-06-12−93.604→ 203.396 total(indirect: See Footnote)
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (69,336 underlying)
Silver Lake Technology Investors Sumeru, L.P.
Director10% Owner
Transactions
  • Conversion

    Series C Jr Convert Pref Stock, par value $0.001 per share

    2013-06-12−93.604→ 203.396 total(indirect: See Footnote)
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (69,336 underlying)
  • Conversion

    Common Stock, par value $0.001 per share

    2013-06-12+69,336→ 212,299 total(indirect: See Footnote)
  • Conversion

    Common Stock, par value $0.001 per share

    2013-06-12+8,418,071→ 25,775,108 total
  • Conversion

    Series C Jr Convert Pref Stock, par value $0.001 per share

    2013-06-12−11,364.396→ 24,713.604 total
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (8,418,071 underlying)
Silver Lake Technology Associates Sumeru, L.P.
Director10% Owner
Transactions
  • Conversion

    Common Stock, par value $0.001 per share

    2013-06-12+8,418,071→ 25,775,108 total
  • Conversion

    Series C Jr Convert Pref Stock, par value $0.001 per share

    2013-06-12−11,364.396→ 24,713.604 total
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (8,418,071 underlying)
  • Conversion

    Series C Jr Convert Pref Stock, par value $0.001 per share

    2013-06-12−93.604→ 203.396 total(indirect: See Footnote)
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (69,336 underlying)
  • Conversion

    Common Stock, par value $0.001 per share

    2013-06-12+69,336→ 212,299 total(indirect: See Footnote)
SLTA Sumeru (GP), L.L.C.
Director10% Owner
Transactions
  • Conversion

    Common Stock, par value $0.001 per share

    2013-06-12+8,418,071→ 25,775,108 total
  • Conversion

    Common Stock, par value $0.001 per share

    2013-06-12+69,336→ 212,299 total(indirect: See Footnote)
  • Conversion

    Series C Jr Convert Pref Stock, par value $0.001 per share

    2013-06-12−93.604→ 203.396 total(indirect: See Footnote)
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (69,336 underlying)
  • Conversion

    Series C Jr Convert Pref Stock, par value $0.001 per share

    2013-06-12−11,364.396→ 24,713.604 total
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (8,418,071 underlying)
Footnotes (9)
  • [F1]This Form 4 is filed on behalf of Silver Lake Sumeru Fund, L.P. ("SLSF"), Silver Lake Technology Investors Sumeru, L.P. ("SLTI"), Silver Lake Technology Associates Sumeru, L.P. ("SLT LP") and SLTA Sumeru (GP), L.L.C. ("SLTA"). SLT LP is the sole general partner of SLSF and SLTI. SLTA is the sole general partner of SLT LP. SLSF may be deemed to be a director by deputization of the Issuer.
  • [F2]As the sole general partner of SLSF and SLTI, SLT LP may be deemed to be the indirect beneficial owner of the securities directly owned by SLSF and SLTI under Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, SLT LP disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest.
  • [F3]As the sole general partner of SLT LP, SLTA may be deemed to be the indirect beneficial owner of such securities under Rule 16a-1(a)(2) promulgated under the Exchange Act. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, SLTA disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest.
  • [F4]The common stock, par value $0.001 per share (the "Common Stock") of Power-One, Inc. (the "Issuer") was acquired through the conversion of Series C Junior Convertible Preferred Stock, par value $0.001 per share of the Issuer (the "Series C Preferred Stock").
  • [F5]These securities are directly owned by SLSF. SLT LP and SLTA may be deemed to have indirect beneficial ownership of these securities. See Footnotes 2 and 3.
  • [F6]These securities are directly owned by SLTI. SLT LP and SLTA may be deemed to have indirect beneficial ownership of these securities. See Footnotes 2 and 3.
  • [F7]The Series C Preferred Stock has no expiration date, is initially priced at $1,000 per share, and convertible into Common Stock at the option of SLSF and SLTI at a conversion price of $1.35 per share of Common Stock. However, conversion of the Series C Preferred Stock is prohibited if, following conversion, the holder, along with its affiliates, would (i) have voting power in excess of 19.9% of the Issuer or (ii) own in excess of 19.9% of the Issuer's Common Stock, except for any conversion in connection with and subject to the completion of (x) a public sale of the Common Stock issued upon such conversion, if following consummation of such public sale, such holder and its affiliates would not own more than 19.9% of the total shares of Common Stock then outstanding or (y) a third party tender offer for the Common Stock issuable thereupon. (Continued to footnote 8)
  • [F8]Following the conversion of the Series C Preferred Stock into Common Stock reported herein, SLSF and SLTI will own approximately 19.9% of the Issuer's Common Stock outstanding as of the date hereof.
  • [F9]The derivative securities underlying the securities represented in this row are able to be obtained upon conversion without any consideration paid by the Reporting Persons.

Documents

2 files

Issuer

POWER ONE INC

CIK 0001042825

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001042825

Filing Metadata

Form type
4
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 1:24 PM ET
Size
21.0 KB
View on SEC.gov