4//SEC Filing
POWER ONE INC 4
Accession 0001181431-13-041450
CIK 0001042825operating
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 6:01 AM ET
Size
18.3 KB
Accession
0001181431-13-041450
Insider Transaction Report
Form 4
POWER ONE INCPWER
SHAH AJAY B
Director
Transactions
- Other
Common Stock, par value $0.001 per share
2013-07-25$6.35/sh−25,775,108$163,671,936→ 0 total(indirect: See Footnote) - Other
Series C Jr Convert Pref Stock, par value $0.001 per share
2013-07-25$4703.70/sh−203.396$956,716→ 0 total(indirect: See Footnote)Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (150,664 underlying) - Other
Series C Jr Convert Pref Stock, par value $0.001 per share
2013-07-25$4703.70/sh−24,713.604$116,245,380→ 0 total(indirect: See Footnote)Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (18,306,373 underlying) - Other
Warrant (right to buy Common Stock)
2013-07-25$5.02/sh−8,628,941$43,317,284→ 0 total(indirect: See Footnote)Exercise: $1.33From: 2010-08-08Exp: 2016-05-08→ Common Stock, par value $0.001 per share (8,628,941 underlying) - Other
Common Stock, par value $0.001 per share
2013-07-25$6.35/sh−212,299$1,348,099→ 0 total(indirect: See Footnote) - Other
Warrant (right to buy Common Stock)
2013-07-25$5.02/sh−71,059$356,716→ 0 total(indirect: See Footnote)Exercise: $1.33From: 2010-08-08Exp: 2016-05-08→ Common Stock, par value $0.001 per share (71,059 underlying)
Footnotes (7)
- [F1]Each share of common stock, par value $0.001 per share (the "Common Stock"), of Power-One, Inc. (the "Issuer") was disposed of upon consummation of the merger (the "Merger") contemplated by that certain Agreement and Plan of Merger by and among ABB Ltd, Verdi Acquisition Corporation ("Verdi"), and the Issuer, dated April 21, 2013 (the "Merger Agreement") for the right to receive $6.35 in cash without interest. Pursuant to the Merger Agreement, the Issuer merged with and into Verdi, with the Issuer continuing as the surviving entity and becoming a subsidiary of ABB Ltd.
- [F2]These securities are directly owned by Silver Lake Sumeru Fund, L.P. ("SLSF"). Silver Lake Technology Associates Sumeru, L.P. ("SLT LP") is the sole general partner of SLSF, and SLTA Sumeru (GP), L.L.C. ("SLTA") is the sole general partner of SLT LP. Mr. Shah is a member of the investment committee and a managing member of SLTA and has an indirect financial interest in SLSF; accordingly, Mr. Shah may be deemed to have an indirect pecuniary interest in the securities owned by SLSF 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, Mr. Shah disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- [F3]These securities are directly owned by Silver Lake Technology Investors Sumeru, L.P. ("SLTI"). SLT LP is the sole general partner of SLTI, and SLTA is the sole general partner of SLT LP. Mr. Shah is a member of the investment committee and a managing member of SLTA and, as such, may be deemed to beneficially own the securities held by SLTI under Rule 16a-1(a)(2) promulgated under the Exchange Act; however, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Mr. Shah disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- [F4]The Series C Junior Convertible Preferred Stock, par value $0.001 per share, of the Issuer (the "Series C Preferred Stock") has no expiration date.
- [F5]Each share of Series C Preferred Stock was disposed of upon consummation of the Merger for the right to receive approximately $4,703.70 in cash per share without interest.
- [F6]This warrant was disposed of upon consummation of the Merger for the right to receive $43,317,283.82 in cash, representing the product of (i) the excess of $6.35 over the exercise price per share of such warrant and (ii) the number of shares of Common Stock underlying such warrant.
- [F7]This warrant was disposed of upon consummation of the Merger for the right to receive $356,716.18 in cash, representing the product of (i) the excess of $6.35 over the exercise price per share of such warrant and (ii) the number of shares of Common Stock underlying such warrant.
Documents
Issuer
POWER ONE INC
CIK 0001042825
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001042825
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 6:01 AM ET
- Size
- 18.3 KB