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POWER ONE INC 4

Accession 0001181431-13-041452

CIK 0001042825operating
View on SEC.govCompany Profile

Filed

Jul 25, 8:00 PM ET

Accepted

Jul 26, 6:02 AM ET

Size

25.3 KB

Accession

0001181431-13-041452

Insider Transaction Report

Form 4
Period: 2013-07-25
POWER ONE INCPWER
Silver Lake Sumeru Fund LP
Director10% Owner
Transactions
  • Other

    Common Stock, par value $0.001 per share

    2013-07-25$6.35/sh−25,775,108$163,671,936→ 0 total
  • 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

    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

    Warrant (right to buy Common Stock)

    2013-07-25$5.02/sh−8,628,941$43,317,284→ 0 total
    Exercise: $1.33From: 2010-08-08Exp: 2016-05-08→ Common Stock, par value $0.001 per share (8,628,941 underlying)
  • 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)
  • 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
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (18,306,373 underlying)
Silver Lake Technology Investors Sumeru, L.P.
Director10% Owner
Transactions
  • 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)
  • 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
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (18,306,373 underlying)
  • Other

    Common Stock, par value $0.001 per share

    2013-07-25$6.35/sh−25,775,108$163,671,936→ 0 total
  • 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

    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−8,628,941$43,317,284→ 0 total
    Exercise: $1.33From: 2010-08-08Exp: 2016-05-08→ Common Stock, par value $0.001 per share (8,628,941 underlying)
Silver Lake Technology Associates Sumeru, L.P.
Director10% Owner
Transactions
  • 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
    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
    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−25,775,108$163,671,936→ 0 total
  • 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)
  • 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)
SLTA Sumeru (GP), L.L.C.
Director10% Owner
Transactions
  • Other

    Common Stock, par value $0.001 per share

    2013-07-25$6.35/sh−25,775,108$163,671,936→ 0 total
  • 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
    Exercise: $1.35From: 2011-11-10→ Common Stock, par value $0.001 per share (18,306,373 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

    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

    Warrant (right to buy Common Stock)

    2013-07-25$5.02/sh−8,628,941$43,317,284→ 0 total
    Exercise: $1.33From: 2010-08-08Exp: 2016-05-08→ Common Stock, par value $0.001 per share (8,628,941 underlying)
  • 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 (10)
  • [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.
  • [F10]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.
  • [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]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.
  • [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 Junior Convertible Preferred Stock, par value $0.001 per share, of the Issuer (the "Series C Preferred Stock") has no expiration date.
  • [F8]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.
  • [F9]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.

Documents

2 files

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, 6:02 AM ET
Size
25.3 KB
View on SEC.gov