UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

(Amendment No. 6)

 

Under the Securities Exchange Act of 1934*

NUANCE COMMUNICATIONS, INC.

(Name of Issuer)

 

Common Stock, $0.001 Par Value

(Title of Class of Securities)

 

80603P107

(CUSIP Number)

 

Scott A. Arenare, Esq.

Managing Director and General Counsel

Warburg Pincus LLC

466 Lexington Avenue

New York, New York 10017

(212) 878-0600

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

Copies to:

 

Steven J. Gartner, Esq.

Willkie Farr & Gallagher LLP

787 Seventh Avenue

New York, NY  10019-6099

(212) 728-8000

 

January 13, 2009

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification

Warburg Pincus Private Equity VIII, L.P.

13-4161869

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
N/A

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
51,737,426 (see Items 4 and 5)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
51,737,426 (see Item 5)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(1)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
26.8% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
PN

 


(1)                                 This amount assumes the closing of the transactions contemplated by the 2009 Purchase Agreement (as defined herein).  Neither the filing of this Schedule 13D/A nor any of its contents shall be deemed to constitute an admission that any Reporting Persons (as defined herein) beneficially own the securities contemplated to be issued pursuant to such 2009 Purchase Agreement.

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)

Warburg Pincus & Co.

13-6358475

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
N/A

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
New York

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
72,995,474 (see Items 4 and 5)(2)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
72,995,474 (see Item 5)(3)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(4)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
26.4% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
PN

 


(2)                                 See footnote 1.

(3)                                 See footnote 1.

(4)                                 See footnote 1.

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)

Warburg Pincus LLC

13-3536050

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
N/A

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
New York

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
72,995,474 (see Items 4 and 5)(5)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
72,995,474 (see Item 5)(6)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(7)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
26.4% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
OO

 


(5)                                 See footnote 1.

(6)                                 See footnote 1.

(7)                                 See footnote 1.

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification

Warburg Pincus Partners, LLC

13-4069737

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
N/A

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
New York

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
72,995,474 (see Items 4 and 5)(8)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
72,995,474 (see Item 5)(9)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(10)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
26.4% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
OO

 


(8)                                 See footnote 1.

(9)                                 See footnote 1.

(10)                           See footnote 1.

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification

Warburg Pincus Private Equity X, L.P.

26-0849130

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
WC

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
20,599,049 (see Items 4 and 5)(11)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
20,599,049 (see Item 5)(12)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(13)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
27.9% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
PN

 


(11)                           See footnote 1.

(12)                           See footnote 1.

(13)                           See footnote 1.

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification

Warburg Pincus X Partners, L.P.

26-0869910

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
WC

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
658,999 (see Items 4 and 5)(14)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
658,999 (see Item 5)(15)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(16)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
28.3% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
PN

 


(14)                           See footnote 1.

(15)                           See footnote 1.

(16)                           See footnote 1.

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification

Warburg Pincus X, L.P.

26-0403670

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
N/A

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
21,258,048 (see Items 4 and 5)(17)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
21,258,048 (see Item 5)(18)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(19)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
27.9% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
PN

 


(17)                           See footnote 1.

(18)                           See footnote 1.

(19)                           See footnote 1.

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification

Warburg Pincus X, LLC

26-0403605

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
N/A

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
21,258,048 (see Items 4 and 5)(20)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
21,258,048 (see Item 5)(21)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(22)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
27.9% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
OO

 


(20)                           See footnote 1.

(21)                           See footnote 1.

(22)                           See footnote 1.

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification

Charles R. Kaye

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
N/A

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
72,995,474 (see Items 4 and 5)(23)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
72,995,474 (see Item 5)(24)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(25)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
26.4% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
IN

 


(23)                           See footnote 1.

(24)                           See footnote 1.

(25)                           See footnote 1.

 



 

CUSIP No.   80603P107

 

 

1

Names of Reporting Persons
I.R.S. Identification

Joseph P. Landy

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
N/A

 

 

5

Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
72,995,474 (see Items 4 and 5)(26)

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
72,995,474 (see Item 5)(27)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
72,995,474 (see Item 5)(28)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
26.4% (see Item 5)

 

 

14

Type of Reporting Person (See Instructions)
IN

 


(26)                           See footnote 1.

(27)                           See footnote 1.

(28)                           See footnote 1.

 



 

This Amendment No. 6 to Schedule 13D (“Amendment No. 6”) amends the Schedule 13D originally filed on April 19, 2004 (“Original 13D”), as amended by Amendment No. 1 to Schedule 13D filed on May 10, 2005, as further amended by Amendment No. 2 to Schedule 13D filed on September 19, 2005, as further amended by Amendment No. 3 to Schedule 13D filed on August 29, 2006, as further amended by Amendment No. 4 to Schedule 13D filed on April 8, 2008, and as further amended by Amendment No. 5 to Schedule 13D filed on May 21, 2008 (as so amended, the “Amended 13D”), each filed on behalf of Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership, Warburg Pincus & Co., a New York general partnership, Warburg Pincus LLC, a New York limited liability company, Warburg Pincus Partners, LLC, a New York limited liability company, and Messrs. Charles R. Kaye and Joseph P. Landy, each a Managing General Partner of WP and Co-President and Managing Member of WP LLC.  In addition, this Amendment No. 6 is also filed on behalf of Warburg Pincus Private Equity X, L.P., a Delaware limited partnership, Warburg Pincus X Partners, L.P., a Delaware limited partnership, Warburg Pincus X, L.P., a Delaware limited partnership, and Warburg Pincus X LLC, a Delaware limited liability company.  This Amendment No. 6 relates to the common stock, par value $0.001 per share, of Nuance Communications, Inc., a Delaware corporation formerly known as ScanSoft, Inc. (the “Company”).  The holdings of Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership, reported in this Amendment No. 6 include the holdings of Warburg Pincus Netherlands Private Equity VIII, C.V. I (“WPNPE I”) and WP-WPVIII Investors, L.P. (“WP-WPVIII”), which shares the Reporting Persons (as defined below) may be

 



 

deemed to beneficially own.  Capitalized terms used herein which are not defined herein have the meanings given to them in the Original 13D and any amendments thereto.

 

Item 2.

 

Identity and Background

 

Item 2 of the Amended 13D is amended and restated in its entirety as follows:

 

(a)                                  This Schedule 13D is being filed by Warburg Pincus Private Equity X, L.P., a Delaware limited partnership (“WP X”), Warburg Pincus X Partners, L.P., a Delaware limited partnership (“WPP X” and, together with WP X, the “WP X Funds”), Warburg Pincus X, L.P., a Delaware limited partnership and the sole general partner of each of the WP X Funds (“WP X LP”), Warburg Pincus X LLC, a Delaware limited liability company and the sole general partner of WP X LP (“WP X LLC”), Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership (“WP VIII” and, together with WPNPE I and WP-WPVIII the “WP VIII Funds”; and together with the WP X Funds, the “Funds”), Warburg Pincus Partners, LLC, a New York limited liability company and the sole member of WP X LLC and the general partner of WP VIII (“WPP LLC”), Warburg Pincus LLC, a New York limited liability company that manages each of the Funds (“WP LLC”), and Warburg Pincus & Co., a New York general partnership and the managing member of WPP LLC (“WP”), and Messrs. Charles R. Kaye and Joseph P. Landy, each a Managing General Partner of WP and Co-President and Managing Member of WP LLC (Mr. Kaye, Mr. Landy, WP VIII, WP X, WPP X, WP X LP, WP X LLC, WPP LLC, WP LLC and WP collectively being referred to as the “Reporting Persons”).

 

The Reporting Persons are making this single, joint filing because they may be deemed to constitute a “group” within the meaning of Section 13(d)(3) of the Exchange Act.  The amended and restated Joint Filing Agreement among the Reporting Persons to

 

2



 

file this Schedule 13D jointly in accordance with Rule 13d-1(k) of the Exchange Act is attached hereto as Exhibit 99.5 (the “Joint Filing Agreement”).

 

(b)                                 The address of the principal business and principal office of each of the Reporting Persons is c/o Warburg Pincus LLC, 466 Lexington Avenue, New York, New York 10017. The general partners of WP and the members and managing directors of WP LLC, and their respective business addresses, are set forth on Schedule I hereto.

 

(c)                                  The principal business of the Funds is that of making private equity and related investments. The principal business of WP is acting as the managing member of WPP LLC. The principal business of WPP LLC is acting as general partner to certain private equity funds, including WP VIII, and as the sole member of WP X LLC. The principal business of WP X LLC is acting as general partner of WP X LP. The principal business of WP X LP is acting as general partner of the WP X Funds. The principal business of WP LLC is managing certain private equity funds, including the Funds. The principal business of each Mr. Kaye and Mr. Landy is acting as a Managing General Partner of WP and Co-President and Managing Member of WP LLC. The principal occupation of each of the general partners of WP and the members of WP LLC is set forth on Schedule I hereto.

 

(d)                                 During the last five years, none of the Reporting Persons and, to the knowledge of the Reporting Persons, none of the general partners, members or directors named on Schedule I, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e)                                  During the last five years, none of the Reporting Persons and, to the knowledge of the Reporting Persons, none of the general partners, members or directors

 

3



 

named on Schedule I, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violations with respect to such laws.

 

(f)                                    WP VIII, WP X, WPP X and WP X LP are each limited partnerships organized under the laws of the State of Delaware. WPP LLC and WP LLC are each limited liability companies organized under the laws of the State of New York. WP X LLC is a limited liability company organized under the laws of the State of Delaware. WP is a general partnership organized under the laws of the State of New York. Messrs. Kaye and Landy are citizens of the United States of America. Except as otherwise indicated on Schedule I hereto, each of the individuals referred to on Schedule I hereto is a citizen of the United States of America.

 

Item 3.

 

Source and Amount of Funds or Other Consideration.

 

Item 3 of the Amended 13D is hereby amended and restated in its entirety as follows:

 

The total amount of funds used by the WP VIII Funds to purchase the securities of the Company as described herein was furnished from the working capital of such Fund.  The total amount of funds paid by the WP VIII Funds to purchase the securities of the Company as described herein is $270,524,907.54.  The total amount of funds that will be paid by the WP X Funds to purchase the securities of the Company as described herein will be furnished from the working capital of such Fund.  The total amount of funds that will be paid by the WP X Funds to purchase the securities of the Company contemplated

 

4



 

by the 2009 Purchase Agreement (as defined below) upon the closing of the transactions contemplated by the 2009 Purchase Agreement is $175,241,398.94.

 

Item 4.

 

Purpose of Transaction.

 

Item 4 of the Amended 13D is hereby amended by adding the following to the end thereof:

 

Pursuant to a Purchase Agreement, dated January 13, 2009 (the “2009 Purchase Agreement”), by and among the WP X Funds and the Company, the WP X Funds agreed to acquire from the Company (a) an aggregate of 17,395,626 shares of Common Stock at a price per share equal to $10.06, and for an aggregate purchase price of $174,999,997.56; and (b) warrants to purchase an aggregate of 3,862,422 shares of Common Stock with a per share exercise price of $11.57, and for an aggregate purchase price of $241,401.38 (the “2009 Warrants”).  The obligation of the WP Funds to consummate the transactions contemplated by the 2009 Purchase Agreement is subject to certain conditions, including, without limitation, the expiration or termination of the waiting period under the Hart-Scott-Rodino Act Antitrust Improvements Act of 1976, as amended.  Each of the 2009 Warrants will expire upon the earlier to occur of the fourth anniversary of the issuance of the 2009 Warrants or a “Change of Control” of the Company (as defined in the 2009 Warrants).

 

Pursuant to a Warrant Amendment Agreement, dated January 13, 2009 (the “Warrant Amendment Agreement”), by and among WP VIII, WPNPE I, WP-WPVIII and the Company, the parties thereto agreed to extend the expiration dates of the Adjustable Warrant and Securities Purchase Warrants.  In accordance with the Warrant Amendment Agreement, the expiration date of the Adjustable Warrant has been extended to the date (the “Adjustable Warrant Expiration Date”) that is one day following the fifth (5th)

 

5



 

Business Day (as defined in the 2009 Purchase Agreement) after the six (6) month anniversary of the Closing Date (as defined in the 2009 Purchase Agreement); provided, however, that if the 2009 Purchase Agreement is terminated pursuant to its terms, the Adjustable Warrant Expiration Date shall be the date that is one day following the fifth (5th) Business Day after the later of (a) March 2, 2009, or (b) the date of termination of the 2009 Purchase Agreement.  In accordance with the Warrant Amendment Agreement, the expiration date of the Securities Purchase Warrants has been extended to the date (the “Securities Purchase Warrant Expiration Date”) that is one day following the fifth (5th) Business Day after the six (6) month anniversary of the Closing Date; provided, however, that if the 2009 Purchase Agreement is terminated pursuant to its terms, the Securities Purchase Warrant Expiration Date shall be the date that is one day following the fifth (5th) Business Day after the later of (a) May 9, 2009, or (b) the date of termination of the 2009 Purchase Agreement.

 

Upon the closing of the transactions contemplated by the 2009 Purchase Agreement, the Company and each of the Funds agreed to amend and restate that certain Second Amended and Restated Stockholders Agreement, dated as of May 20, 2008, by entering into that certain Third Amended and Restated Stockholders Agreement substantially in the form attached hereto as Exhibit 99.4 (the “Third Restated Stockholders Agreement”).

 

The foregoing descriptions of the 2009 Purchase Agreement, the 2009 Warrants, the Warrant Amendment Agreement and the Third Restated Stockholders Agreement are qualified in their entirety by reference to the 2009 Purchase Agreement, the 2009 Warrants, Warrant Amendment Agreement and the Third Restated Stockholders

 

6



 

Agreement, which are incorporated in this Amendment No. 6 by reference to Exhibits 99.1, 99.2, 99.3 and 99.4 respectively, to this Amendment No. 6.

 

Item 5.

 

Interest in Securities of the Issuer

 

Items 5(a), (b) and (c) of the Amended 13D are hereby amended and restated in their entirety as follows:

 

(a)                                  Due to their respective relationships with the Funds and each other, as of January 15, 2009, each of the Reporting Persons may be deemed to beneficially own, in the aggregate, 54,804,276 shares of Common Stock.  As of January 15, 2009, the Reporting Persons may also be deemed to beneficially own additional shares of Common Stock by virtue of certain of the following securities which the Funds’ may be deemed to beneficially own: the Series B Preferred Stock; the Adjustable Warrant; the March 15 Warrants; the Securities Purchase Warrants; the Stock Purchase Warrants; the 2008 Warrants; and the 2009 Warrants (collectively, the “Convertible Securities”).  Assuming the full exercise and conversion of the Convertible Securities, the Reporting Persons may be deemed to beneficially own 72,995,474 shares of Common Stock, representing approximately 26.4% of the outstanding class of Common Stock, based on a total of 276,101,737 shares of Common Stock outstanding, which is comprised of:  (i) 240,514,913 shares of Common Stock outstanding as of October 31, 2008, as represented in the Company’s Form 10-K for the fiscal year ended September 30, 2008 (the “Form 10-K”); (ii) the 3,562,238 shares of Common Stock issuable upon the conversion of the 3,562,238 shares of Series B Preferred Stock acquired by certain of the Funds; (iii) the 525,732 shares of Common Stock presently issuable upon the exercise of the Adjustable Warrant, as represented by the Company in the Form 10-K; (iv) the 2,500,000 shares of Common Stock issuable upon the exercise of the March 15 Warrants;

 

7



 

(v) the 863,236 shares of Common Stock presently issuable upon the exercise of the Securities Purchase Warrants; (vi) the 3,177,570 shares of Common Stock presently issuable upon the exercise of the Stock Purchase Warrants; (vii) the 3,700,000 shares of Common Stock presently issuable upon the exercise of the 2008 Warrants; (viii) the 3,862,422 shares of Common Stock acquirable upon the exercise of the 2009 Warrants if issued pursuant to the terms set forth in the 2009 Purchase Agreement; and (ix) the 17,395,626 shares of Common Stock acquirable pursuant to the 2009 Purchase Agreement.  The foregoing computations assume the closing of the transactions contemplated by the 2009 Purchase Agreement occurs, including the issuance to the WP X Funds of an aggregate of 17,395,626 shares of Common Stock and warrants to purchase an aggregate of 3,862,422 shares of Common Stock in connection with such closing.

 

(b)                                 Each of WP X LP, WP X LLC, WPP LLC, WP LLC and WP may be deemed to share with the WP X Funds the power to vote or to direct the vote and to dispose or to direct the disposition of the 21,258,048 shares of Common Stock the WP X Funds may be deemed to beneficially own as of January 15, 2009.  Each of WPP LLC, WP LLC and WP may be deemed to share with WP VIII the power to vote or to direct the vote and to dispose or to direct the disposition of the 51,737,426 shares of Common Stock WP VIII may be deemed to beneficially own as of January 15, 2009.  Charles R. Kaye and Joseph P. Landy are Managing General Partners of WP and Managing Members and Co-Presidents of WP LLC and may be deemed to control the other Reporting Persons.  Messrs. Kaye and Landy disclaim beneficial ownership of all shares held by the Funds.  Neither the filing of this Schedule 13D nor any of its contents shall be

 

8



 

deemed to constitute an admission that any Reporting Person or any of its affiliates is the beneficial owner of any shares of Common Stock for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

 

(c)                                  Except as described in this Amendment No. 6 and other than (x) the grant on January 1, 2009, by the Company to William Janeway, a General Partner of WP and a Member and Senior Advisor of WP LLC, of 15,000 shares of restricted Common Stock of the Company that were issued to Mr. Janeway in his capacity as a director of the Company and (y) the grant on January 1, 2009, by the Company to Jeffrey Harris, a General Partner of WP and a Member and a Managing Director of WP LLC, of 15,000 shares of restricted Common Stock of the Company that were issued to Mr. Harris in his capacity as a director of the Company, during the last sixty (60) days there were no transactions in the Common Stock effected by the Reporting Persons, nor, to the best of their knowledge, any of their directors, executive officers, general partners or members.

 

Item 6.

 

Contracts, Arrangements, Understandings or Relationships With Respect to the Securities of the Issuer.

 

Item 6 of the Amended 13D is hereby amended by adding the following at the end of the discussion:

 

As described in Item 4 hereto, the WP X Funds entered into the 2009 Purchase Agreement and, simultaneous with the closing of the transactions contemplated by the 2009 Purchase Agreement, the Funds and Company will enter into the Third Restated Stockholders Agreement and the Company and the WP X Funds will execute the 2009 Warrants.  As described in Item 4 hereto, WP VIII, WPNPE I, WP-WPVIII and the Company entered into the Warrant Amendment Agreement pursuant to which the expiration dates of the Adjustable Warrant and Securities Purchase Warrants were

 

9



 

extended.  The information set forth in Item 4 with respect to the 2009 Purchase Agreement, the Third Restated Stockholders Agreement, the 2009 Warrants and the Warrant Amendment Agreement is incorporated into this Item 6 by reference.

 

Item 7.  Material to Be Filed as Exhibits

 

Exhibit 99.1.

 

2009 Purchase Agreement, dated as of January 13, 2009, by and among the Company and the WP X Funds

 

 

 

Exhibit 99.2.

 

Form of 2009 Warrant

 

 

 

Exhibit 99.3.

 

Warrant Amendment Agreement, dated January 13, 2009, by and among WP VIII, WPNPE I, WP-WPVIII and the Company

 

 

 

Exhibit 99.4.

 

Form of Third Amended and Restated Stockholders Agreement

 

 

 

Exhibit 99.5.

 

Amended and Restated Joint Filing Agreement, dated January 15, 2009, among the Reporting Persons

 

10



 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated: January 15, 2009

WARBURG PINCUS PRIVATE EQUITY VIII,
L.P.

 

 

 

 

 

By:

Warburg Pincus Partners, LLC,

 

 

 

its General Partner

 

 

 

 

 

 

 

By:

Warburg Pincus & Co.,

 

 

 

 

its Managing Member

 

 

 

 

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

 

Name: Scott A. Arenare

 

 

Title: Partner

 

 

 

 

Dated:  January 15, 2009

WARBURG PINCUS PRIVATE EQUITY X, L.P.

 

 

By:

Warburg Pincus X L.P.,

 

 

 

its General Partner

 

 

 

 

 

 

By:

Warburg Pincus X LLC,

 

 

 

its General Partner

 

 

 

 

 

 

By:

Warburg Pincus Partners, LLC,

 

 

 

its Sole Member

 

 

 

 

 

 

By:

Warburg Pincus & Co.,

 

 

 

its Managing Member

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

 

Name: Scott A. Arenare

 

 

Title: Partner

 



 

Dated:  January 15, 2009

WARBURG PINCUS X PARTNERS, L.P.

 

 

By:

Warburg Pincus X L.P.,

 

 

 

its General Partner

 

 

 

 

 

 

By:

Warburg Pincus X LLC,

 

 

 

its General Partner

 

 

 

 

 

 

By:

Warburg Pincus Partners, LLC,

 

 

 

its Sole Member

 

 

 

 

 

 

By:

Warburg Pincus & Co.,

 

 

 

its Managing Member

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

 

Name: Scott A. Arenare

 

 

Title: Partner

 

 

 

 

Dated:  January 15, 2009

WARBURG PINCUS X, LLC

 

 

By:

Warburg Pincus Partners, LLC,

 

 

 

its Sole Member

 

 

 

 

 

 

By:

Warburg Pincus & Co.,

 

 

 

its Managing Member

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

 

Name: Scott A. Arenare

 

 

Title: Partner

 

 

 

 

Dated:  January 15, 2009

WARBURG PINCUS X, L.P.

 

 

By:

Warburg Pincus X LLC,

 

 

 

its General Partner

 

 

 

 

 

 

By:

Warburg Pincus Partners, LLC,

 

 

 

its Sole Member

 

 

 

 

 

 

By:

Warburg Pincus & Co.,

 

 

 

its Managing Member

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

 

Name: Scott A. Arenare

 

 

Title: Member

 

2



 

Dated:  January 15, 2009

WARBURG PINCUS PARTNERS, LLC

 

 

By:

Warburg Pincus & Co.,

 

 

 

its Managing Member

 

 

 

 

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

 

Name: Scott A. Arenare

 

 

Title: Partner

 

 

 

 

Dated:  January 15, 2009

WARBURG PINCUS LLC

 

 

 

 

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

 

Name: Scott A. Arenare

 

 

Title: Managing Director

 

 

 

 

Dated:  January 15, 2009

WARBURG PINCUS & CO.

 

 

 

 

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

Name: Scott A. Arenare

 

Title: Partner

 

 

 

 

Dated:  January 15, 2009

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

Name: Charles R. Kaye

 

By: Scott A. Arenare, Attorney-in-Fact*

 

 

 

 

Dated:  January 15, 2009

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Scott A. Arenare

 

Name: Joseph P. Landy

 

By: Scott A. Arenare, Attorney-in-Fact**

 


*  Power of Attorney given by Mr. Kaye was previously filed with the SEC on March 2, 2006 as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.

 

**  Power of Attorney given by Mr. Landy was previously filed with the SEC on March 2, 2006 as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.

 

3



 

SCHEDULE I

 

Set forth below is the name, position and present principal occupation of each of the general partners of Warburg Pincus & Co. (“WP”) and members of Warburg Pincus LLC (“WP LLC”). Except as otherwise indicated, the business address of each of such persons is c/o Warburg Pincus LLC, 466 Lexington Avenue, New York, New York 10017, and each of such persons is a citizen of the United States.

 

GENERAL PARTNERS OF WP

 

NAME

 

PRESENT PRINCIPAL OCCUPATION IN ADDITION
TO POSITION WITH WP, AND POSITIONS
WITH THE REPORTING ENTITIES

 

 

 

 

 

Scott A. Arenare

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

David Barr

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Alexander Berzofsky

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Sean D. Carney

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Mark Colodny

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

David A. Coulter

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Timothy J. Curt

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Cary J. Davis

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Steven Glenn

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Michael Graff

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Patrick T. Hackett

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

E. Davisson Hardman

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Jeffrey A. Harris

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Stewart J. Hen

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

In Seon Hwang

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

William H. Janeway

 

Partner of WP; Member and Senior Advisor of WP LLC

 

 



 

Chansoo Joung

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Peter R. Kagan

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Charles R. Kaye

 

Managing General Partner of WP; Managing Member and Co-President of WP LLC

 

 

 

 

 

Henry Kressel

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

David Krieger

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Kevin Kruse

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Joseph P. Landy

 

Managing General Partner of WP; Managing Member and Co-President of WP LLC

 

 

 

 

 

Kewsong Lee

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Jonathan S. Leff

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Philip Mintz

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

James Neary

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Dalip Pathak

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Michael F. Profenius

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Justin Sadrian

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Henry B. Schacht

 

Partner of WP; Member and Senior Advisor of WP LLC

 

 

 

 

 

Steven G. Schneider

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Patrick Severson

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

John Shearburn

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Barry Taylor

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Christopher H. Turner

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

John L. Vogelstein

 

Partner of WP; Member and Senior Advisor of WP LLC

 

 

 

 

 

Elizabeth H. Weatherman

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Rosanne Zimmerman

 

Partner of WP; Member and Managing Director of WP LLC

 

 

 

 

 

Pincus & Company LLC*

 

 

 

 

 

 

 

WP & Co. Partners, L.P.**

 

 

 

 

2



 

Warburg Pincus Principal Partnership, L.P.***

 

 

 

 

 

 

 

Warburg Pincus Real
Estate Principal
Partnership, L.P.***

 

 

 

 

 

 

 

Warburg Pincus 2006
Limited Partnership***

 

 

 

 

 

 

 

Warburg Pincus 2007
Limited Partnership***

 

 

 

 


*

 

New York limited liability company; primary activity is ownership interest in WP and WP LLC

 

 

 

**

 

New York limited partnership; primary activity is ownership interest in WP

 

 

 

***

 

Delaware limited partnership; primary activity is ownership interest in WP

 

3



 

MEMBERS OF WP LLC

 

NAME

 

PRESENT PRINCIPAL OCCUPATION IN ADDITION
TO POSITION WITH WP LLC, AND POSITIONS
WITH THE REPORTING ENTITIES

 

 

 

 

 

Scott A. Arenare

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Pedro Aznar (1)

 

Member and Managing Director of WP LLC

 

 

 

 

 

David Barr

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Alexander Berzofsky

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Sean D. Carney

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Julian Cheng (2)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Stephen John Coates (3)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Mark Colodny

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

David A. Coulter

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Timothy J. Curt

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Cary J. Davis

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Robert Feuer (4)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Rajiv Ghatalia (2)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Steven Glenn

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Michael Graff

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Patrick T. Hackett

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

E. Davisson Hardman

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Jeffrey A. Harris

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Stewart J. Hen

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

In Seon Hwang

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

William H. Janeway

 

Member and Senior Advisor of WP LLC; Partner of WP

 

 

4



 

Chansoo Joung

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Peter R. Kagan

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Charles R. Kaye

 

Managing Member and Co-President of WP LLC; Managing General Partner of WP

 

 

 

 

 

Rajesh Khanna (5)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Henry Kressel

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

David Krieger

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Kevin Kruse

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Joseph P. Landy

 

Managing Member and Co-President of WP LLC; Managing General Partner of WP

 

 

 

 

 

Kewsong Lee

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Jonathan S. Leff

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

David Li (2)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Vishal Mahadevia (5)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Niten Malhan (5)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Philip Mintz

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Luca Molinari (6)

 

Member and Managing Director of WP LLC

 

 

 

 

 

James Neary

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Dalip Pathak

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Michael F. Profenius

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Leo Puri (5)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Justin Sadrian

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Adarsh Sarma (5)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Henry B. Schacht

 

Member and Senior Advisor of WP LLC; Partner of WP

 

 

 

 

 

Steven G. Schneider

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Joseph C. Schull (7)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Patrick Severson

 

Member and Managing Director of WP LLC; Partner of WP

 

 

5



 

John Shearburn

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Chang Q. Sun (2)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Barry Taylor

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Christopher H. Turner

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Simon Turton (3)

 

Member and Managing Director of WP LLC

 

 

 

 

 

John L. Vogelstein

 

Member and Senior Advisor of WP LLC; Partner of WP

 

 

 

 

 

Elizabeth H. Weatherman

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Peter Wilson (3)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Jeremy S. Young (3)

 

Member and Managing Director of WP LLC

 

 

 

 

 

Rosanne Zimmerman

 

Member and Managing Director of WP LLC; Partner of WP

 

 

 

 

 

Pincus & Company LLC*

 

 

 

 


(1)          Citizen of Germany

(2)          Citizen of Hong Kong

(3)          Citizen of United Kingdom

(4)          Citizen of Hungary

(5)          Citizen of India

(6)          Citizen of Italy

(7)          Citizen of Canada

 

*  New York limited liability company; primary activity is ownership interest in WP and WP LLC

 

As of January 1, 2009

 

6