sctovi
As filed with the Securities and Exchange Commission on October 28, 2009
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(Rule 14d-100)
TENDER OFFER STATEMENT UNDER SECTION
14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
SYNAPTICS INCORPORATED
(Name of Subject Company (Issuer))
SYNAPTICS INCORPORATED (Issuer)
(Names of Filing Persons (identifying status as offeror, issuer or other person))
0.75% Convertible Senior Subordinated Notes due 2024
(Title of Class of Securities)
87157DAA7 and 87157DAB5
(CUSIP Number of Class of Securities)
Thomas J. Tiernan
President and Chief Executive Officer
3120 Scott Blvd.
Santa Clara, California 95054
(408) 454-5100
(name, address, and telephone numbers of person authorized to receive
notices and communications on behalf of filing persons)
With a copy to:
Robert S. Kant, Esq.
Brian H. Blaney, Esq.
Greenberg Traurig, LLP
2375 E. Camelback Road, Suite 700
Phoenix, Arizona 85016
(602) 445-8000
CALCULATION OF FILING FEE
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Transaction Valuation* |
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Amount of Filing Fee** |
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$65,547,886.25
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$ |
3,657.57 |
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* |
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Estimated for purposes of calculating the amount of the filing fee only. The transaction
valuation upon which the filing fee was based was calculated as follows: The repurchase price
of the 0.75% Convertible Senior Subordinated Notes Due 2024, as described herein, is $1,000
per $1,000 principal amount outstanding. As of October 27, 2009, there was $65,303,000
aggregate principal amount outstanding and $244,886.25 interest due to be paid on December 1,
2009, resulting in an aggregate repurchase price of $65,547,886.25. |
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The amount of the filing fee equals $55.80 per $1,000,000 of the value of the transaction. |
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Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the
offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the
date of its filing. |
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Amount Previously Paid: Not Applicable |
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Filing Party: Not Applicable |
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Form or Registration No.: Not Applicable |
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Date Filed: Not Applicable |
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the statement relates: |
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third-party tender offer subject to Rule 14d-1. |
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issuer tender offer subject to Rule 13e-4. |
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going-private transaction subject to Rule 13e-3. |
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amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender
offer: o
INTRODUCTORY STATEMENT
As required by, pursuant to the terms of, and subject to the conditions set forth in the
Indenture, dated as of December 7, 2004 (the Indenture), between Synaptics Incorporated, a
Delaware corporation (Synaptics or the Company), and American Stock Transfer & Trust Company,
as trustee (the Trustee), for the Companys 0.75% Convertible Senior Subordinated Notes due 2024
(the Notes), this Tender Offer Statement on Schedule TO (the Schedule TO) is being filed with
the United States Securities and Exchange Commission (the SEC) by Synaptics with respect to the
right of each holder (a Holder) of the Notes to sell and the obligation of the Company to
repurchase the Notes (the Put Option), as set forth in the Company Notice to Holders of 0.75%
Convertible Senior Subordinated Notes due 2024, dated October 28, 2009 (the Company Notice), and
the related notice materials filed as exhibits to this Schedule TO.
This Schedule TO is intended to satisfy the filing and disclosure requirements of Rules
13e-4(c)(2) and 13e-4(d)(1) under the Securities Exchange Act of 1934, as amended (the Exchange
Act).
Items 1 through 9.
The Company is the issuer of the Notes and is obligated to repurchase all of the Notes if
properly tendered by the Holders under the terms and subject to the conditions set forth in the
Company Notice. The Notes are convertible into cash and, if applicable, common stock, par value
$.001 per share, of the Company subject to the terms, conditions, and adjustments specified in the
Indenture and the Notes. The Company maintains its principal executive offices at 3120 Scott
Blvd., Santa Clara, California 95054 and its telephone number is (408) 454-5100. As permitted by
General Instruction F to Schedule TO, all of the information set forth in the Company Notice is
incorporated by reference into this Schedule TO.
Item 10.
Financial Statements.
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(a) |
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Pursuant to Instruction 2 to Item 10 of Schedule TO, the Companys financial condition
is not material to a Holders decision whether to sell the Notes to the Company because (i)
the consideration being paid to Holders surrendering Notes consists solely of cash, (ii)
the Company Notice is not subject to any financing conditions, (iii) the Company is a
public reporting company that files reports electronically on EDGAR, and (iv) the Company
Notice applies to all outstanding Notes. |
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(b) |
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Not applicable. |
Item 11. Additional Information.
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(a) |
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Not applicable. |
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(b) |
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Not applicable. |
Item 12. Exhibits.
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Exhibit No. |
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Exhibit Name |
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(a)(1)(A)
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Company Notice to Holders of 0.75% Convertible Senior Subordinated Notes due 2024,
dated October 28, 2009. |
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(a)(1)(B)
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Form of Holder Repurchase Notice. |
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(a)(1)(C)
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Form of Notice of Withdrawal. |
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(a)(1)(D)
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Form of Substitute Form W-9. |
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(a)(5)
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Press Release Regarding Put Option, dated October 28, 2009. |
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(b)
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Not applicable. |
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Exhibit No. |
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Exhibit Name |
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(d)
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Indenture, dated as of December 7, 2004, between Synaptics Incorporated and American
Stock Transfer & Trust Company relating to the 0.75% Convertible Senior Subordinated Notes
due 2024 (incorporated by reference to Current Report on Form 8-K as filed with the SEC on
December 7, 2004). |
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(g)
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Not applicable. |
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(h)
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Not applicable. |
Item 13. Information Required by Schedule 13E-3.
Not applicable.
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SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information
set forth in this statement is true, complete, and correct.
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SYNAPTICS INCORPORATED
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Date: October 28, 2009 |
By: |
/s/ Kathleen A. Bayless
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Kathleen A. Bayless |
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Chief Financial Officer, Secretary, and Treasurer |
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EXHIBIT INDEX
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Exhibit No. |
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Exhibit Name |
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(a)(1)(A)
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Company Notice to Holders of 0.75% Convertible Senior Subordinated Notes due 2024,
dated October 28, 2009. |
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(a)(1)(B)
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Form of Holder Repurchase Notice. |
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(a)(1)(C)
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Form of Notice of Withdrawal. |
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(a)(1)(D)
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Form of Substitute Form W-9. |
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(a)(5)
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Press Release Regarding Put Option, dated October 28, 2009. |
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(b)
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Not applicable. |
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(d)
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Indenture, dated as of December 7, 2004, between Synaptics Incorporated and American
Stock Transfer & Trust Company relating to the 0.75% Convertible Senior Subordinated Notes
due 2024 (incorporated by reference to Current Report on Form 8-K as filed with the SEC on
December 7, 2004). |
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(g)
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Not applicable. |
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(h)
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Not applicable. |
4
exv99waw1wa
Exhibit (a)(1)(A)
COMPANY NOTICE TO HOLDERS OF
0.75% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2024
ISSUED BY
SYNAPTICS INCORPORATED
(CUSIP No. 87157DAA7 and 87157DAB5)1
October 28, 2009
To the Holders of the 0.75% Convertible Senior Subordinated Notes due 2024 (the Notes)
issued by Synaptics Incorporated:
Synaptics Incorporated, a Delaware corporation (Synaptics or the Company), by this written
notice (Company Notice) hereby notifies the Trustee and the holders of the Notes (the Holders),
pursuant to Section 4.1 of that certain Indenture, dated as of December 7, 2004, between the
Company and American Stock Transfer & Trust Company, as Trustee (the Indenture), that Holders may
at their option require the Company to repurchase their Notes by delivery of a Holder Repurchase
Notice, a form of which is included herewith. All capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned to such terms in the Indenture.
Repurchase Date: December 1, 2009
Repurchase Price: $1,000 for each $1,000 of aggregate principal amount of the Notes, together
with accrued but unpaid interest (including Contingent Interest and Additional Interest, if any (as
defined in the Indenture)) thereon to, but not including, the Repurchase Date. The amount of
aggregate accrued but unpaid interest that will be payable with respect to the Notes on the
Repurchase Date is approximately $244,886.25. Unless the Company defaults in making payment of the
Repurchase Price, interest (including Contingent Interest and Additional Interest, if any (as
defined in the Indenture)) payable with respect to the Notes shall cease to accrue on and after the
Repurchase Date.
Conversion Price: Approximately $33.69 per share of Common Stock as of the date hereof,
subject to the adjustments described in Section 12.3 of the Indenture.
Conversion Rights: Holders may surrender Notes for conversion into cash and shares of our
common stock prior to the maturity date in the following circumstances:
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during any calendar quarter if, on each of at least 20 Trading Days in the period of
30 consecutive Trading Days ending on the last Trading Day of the preceding calendar
quarter, the Closing Sale Price of the Common Stock exceeds 120% of the Conversion
Price in effect on the last Trading Day of such preceding calendar quarter; |
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at any time on or after January 1, 2020; |
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if the Company has called the particular Notes for redemption and the redemption has
not yet occurred; or |
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upon the occurrence of specified corporate transactions described in the Indenture. |
The Notes as to which a Holder Repurchase Notice has been given may be converted only if the
applicable Holder Repurchase Notice has been withdrawn in accordance with the terms of the
Indenture.
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Pursuant to Section 2.13 of the Indenture (as defined
above), no representation is made as to the correctness of such CUSIP numbers
either as printed on the Notes or as contained in this Company Notice (as
defined above) and reliance may be placed only on the other identification
numbers printed on the Notes, and any redemption or repurchase shall not be
affected by any defect in or omission of such numbers. |
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Notes must be surrendered to the Paying Agent to collect payment of the Repurchase Price and
accrued but unpaid interest. Unless the Company defaults in making the payment of the Repurchase
Price, interest on the Notes covered by any Holder Repurchase Notice will cease to accrue on and
after December 1, 2009.
The Repurchase Price for any Notes as to which a Holder Repurchase Notice has been given and
not withdrawn, together with accrued but unpaid interest payable with respect thereto, shall be
paid promptly following the later of the Repurchase Date and the time of surrender of such Notes.
To exercise its option to have the Company repurchase its Notes, a Holder must deliver the
Holder Repurchase Notice to the Paying Agent prior to 5:00 p.m., New York City time, on November
27, 2009 and effect a book entry transfer of the Notes to the Paying Agent; such book-entry
transfer being a condition to receipt by a Holder of the Repurchase Price therefor.
A Holder Repurchase Notice may be withdrawn at any time prior to 5:00 p.m. New York City time
on November 30, 2009 in accordance with the procedures described herein.
The Trustee has informed the Company that, as of the date of this notice, all custodians and
beneficial holders of the Notes hold the Notes through Depository Trust Company (DTC) accounts
and that there are no certificated Notes in non-global form. Accordingly, all Notes surrendered
for repurchase hereunder must be delivered through the transmittal procedures of DTC.
The Paying Agent is:
American Stock Transfer & Trust Company, LLC
59 Maiden Lane
New York, New York 10038
Phone: 718-921-8317
Fax: 718-234-5001
Attn: Reorganization Department
Additional copies of this Company Notice may be obtained from the Paying Agent at its address
set forth above.
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TABLE OF CONTENTS
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SUMMARY TERM SHEET |
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IMPORTANT
INFORMATION CONCERNING THE PUT OPTION |
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1. Information Concerning The Company |
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2. Information Concerning The Notes |
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2.1. The Companys Obligation to Repurchase the Notes |
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2.2. Repurchase Price |
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2.3. Conversion Rights of the Notes |
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2.4. Market for the Notes and the Companys Common Stock |
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2.5. Redemption |
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2.6. Change in Control |
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2.7. Ranking |
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2.8. Dividends |
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3. Procedures To Be Followed By Holders Electing To Surrender Notes For Repurchase |
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3.1. Method of Delivery |
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3.2. Agreement to be Bound by the Terms of the Put Option |
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3.3. Delivery of Notes |
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4. Right of Withdrawal |
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5. Payment for Surrendered Notes |
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6. Notes Acquired |
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7. Plans or Proposals of the Company |
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8. Interests of Directors, Executive Officers, and Affiliates of the Company in the Notes |
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9. Purchases of Notes by the Company and its Affiliates |
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10. Material United States Tax Considerations |
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11. Additional Information |
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12. No Solicitations |
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13. Definitions |
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14. Conflicts |
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No person has been authorized to give any information or to make any representations other
than those contained in the Company Notice and, if given or made, such information or
representations must not be relied upon as having been authorized. The Company Notice does not
constitute an offer to buy or the solicitation of an offer to sell securities in any circumstances
or jurisdiction in which such offer or solicitation is unlawful. The delivery of the Company
Notice shall not under any circumstances create any implication that the information contained in
the Company Notice is current as of any time subsequent to the date of such information. None of
the Company or its board of directors or employees are making any representation or recommendation
to any Holder as to whether or not to surrender such Holders Notes. You should consult your own
financial and tax advisors and must make your own decision as to whether to surrender your Notes
for repurchase and, if so, the amount of Notes to surrender.
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SUMMARY TERM SHEET
The following are answers to some of the questions that you, as a Holder, may have about the
Put Option. We urge you to read carefully the remainder of this Company Notice because the
information in this summary term sheet is not complete. Additional important information is
contained in the remainder of this document.
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WHO IS OFFERING TO PURCHASE THE NOTES?
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Synaptics Incorporated, a
Delaware corporation
(Synaptics or the
Company), is obligated, at
your option, to repurchase
your validly surrendered 0.75%
Convertible Senior
Subordinated Notes Due 2024
(the Notes), upon the terms
and conditions set forth in
this Company Notice, the
Notes, and the Indenture (as
defined below). |
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WHY IS SYNAPTICS OFFERING TO PURCHASE MY
NOTES?
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The right of each holder (a
Holder) of the Notes to sell
and the obligation of the
Company to repurchase the
Notes pursuant to the Put
Option is a term of the Notes
and has been a right of
Holders from the time the
Notes were issued. We are
required to repurchase the
Notes of any Holder exercising
the Put Option. |
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WHAT SECURITIES IS SYNAPTICS OBLIGATED TO
PURCHASE?
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We are obligated to repurchase
all of the Notes surrendered,
at the option of the Holder.
As of October 27, 2009, there
was $65,303,000 aggregate
principal amount of Notes
outstanding. The Notes were
issued under an Indenture,
dated as of December 7, 2004
(the Indenture), between
Synaptics and American Stock
Transfer & Trust Company, as
trustee (the Trustee). |
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HOW MUCH IS SYNAPTICS OFFERING TO PAY FOR
THE NOTES AND WHAT IS THE FORM OF PAYMENT?
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Pursuant to the terms of the
Indenture and the Notes, we
are offering to pay $1,000 in
cash plus accrued and unpaid
interest to, but not
including, December 1, 2009
(the Repurchase Date) for
each $1,000 principal amount
of Notes (the Repurchase
Price) with respect to any
and all Notes validly
surrendered for repurchase and
not withdrawn. |
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WHAT ARE THE SIGNIFICANT CONDITIONS TO THE
PUT OPTION?
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The repurchase by us of
validly surrendered Notes is
not subject to any condition
other than such repurchase
being lawful and satisfaction
of the procedural requirements
described in this Company
Notice. |
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WHAT IS THE MARKET VALUE OF THE NOTES?
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There is no established
reporting or trading system
for the Notes. We believe
that trading in the Notes has
been limited and sporadic.
Our common stock is listed on
Nasdaq Global Select Market
(NASDAQ) under the symbol
SYNA. On October 27, 2009,
the closing price of our
common stock, as reported on
NASDAQ, was $23.88 per share. |
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WHAT IS THE PROCESS FOR SURRENDERING NOTES?
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To surrender your Notes for
repurchase pursuant to the Put
Option, you must surrender the
Notes through the transmittal
procedures of the Depository
Trust Company (DTC) no later
than 5:00 p.m., New York City
time, on Friday, November 27,
2009. |
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Holders whose Notes
are held by a broker, dealer,
commercial bank, trust
company, or other nominee must
contact such nominee if such
Holder desires to surrender
such Holders Notes and
instruct such nominee to
surrender the Notes on the
Holders behalf through the
transmittal procedures of DTC. |
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Holders who are DTC
participants should surrender
their Notes electronically
through DTCs ATOP (as defined
herein) system, subject to the
terms and procedures of that
system on or before 5:00 p.m.,
New York City time, on Friday,
November 27, 2009. |
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By surrendering your Notes
through the transmittal
procedures of DTC, you agree
to be bound by the terms of
the Put Option set forth in
this Company Notice. |
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WHEN DOES THE PUT OPTION EXPIRE?
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The Put Option expires at 5:00
p.m., New York City time, on
November 27, 2009. We will
not extend the period Holders
have to accept the Put Option
unless required to do so by
the Federal securities laws. |
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WHEN WILL HOLDERS RECEIVE PAYMENT FOR
SURRENDERED NOTES?
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We will accept for payment all
validly surrendered Notes
promptly upon expiration of
the Put Option. We will
promptly forward to the Paying
Agent the appropriate amount
of cash required to pay the
Repurchase Price for the
surrendered Notes, and the
Paying Agent will promptly
distribute the cash to DTC,
the sole record Holder. DTC
will thereafter distribute the
cash to its participants in
accordance with its
procedures. |
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CAN HOLDERS WITHDRAW SURRENDERED NOTES?
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You may withdraw your tendered
Notes at any time until 5:00
p.m., New York City time, on
November 30, 2009. |
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HOW DO HOLDERS WITHDRAW PREVIOUSLY
SURRENDERED NOTES?
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You can withdraw Notes
previously surrendered for
repurchase at any time until
5:00 p.m., New York City time,
on November 30, 2009 in
accordance with the procedures
described herein. |
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DO I NEED TO DO ANYTHING IF I DO NOT WISH
TO SURRENDER MY NOTES FOR PURCHASE?
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No. If you do not surrender
your Notes before the
expiration of the Put Option,
we will not repurchase your
Notes and such Notes will
remain outstanding subject to
their existing terms. |
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IF I CHOOSE TO SURRENDER MY NOTES FOR
PURCHASE, DO I HAVE TO SURRENDER ALL OF MY
NOTES?
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No. You may surrender all of
your Notes, a portion of your
Notes, or none of your Notes
for repurchase. If you wish
to surrender a portion of your
Notes for repurchase, however,
you must surrender your Notes
in a principal amount of
$1,000 or an integral multiple
thereof. |
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WHAT HAPPENS TO NOTES THAT ARE NOT
SURRENDERED?
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Any Notes that are not
surrendered will continue to
be our obligations. Holders
of those outstanding Notes
will continue to have all the
rights associated with those
Notes. |
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MAY HOLDERS STILL CONVERT NOTES INTO
SHARES OF SYNAPTICS COMMON STOCK?
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Yes, you will continue to have
the right to convert the Notes
into cash and shares of the
Companys common stock, $.001
par value per share, subject
to the terms, conditions, and
adjustments specified in the
Indenture and the Notes.
However, if you tender your
Notes in the Put Option, you
may convert your Notes only if
you properly withdraw your
Notes before your right to
withdraw has expired. |
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IF I AM A UNITED STATES PERSON FOR U.S.
FEDERAL INCOME TAX PURPOSES, WILL I HAVE
TO PAY TAXES IF I SURRENDER MY NOTES FOR
PURCHASE IN THE PUT OPTION?
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The receipt of cash in
exchange for Notes pursuant to
the Put Option will be a
taxable transaction for U.S.
federal income tax purposes
and you may recognize gain,
income, loss, or deduction.
You should consult with your
tax advisor regarding the
actual tax consequences to
you. |
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WHO IS THE PAYING AGENT?
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American Stock Transfer &
Trust Company, the trustee
under the Indenture, is
serving as Paying Agent in
connection with the Put
Option. Its address and
telephone number are set forth
on page 2 of this Company
Notice. |
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WHO CAN I TALK TO IF I HAVE QUESTIONS
ABOUT THE PUT OPTION?
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Questions and requests for
assistance in connection with
the surrender of Notes for
repurchase in the Put Option
may be directed to the Paying
Agent at the address and
telephone and facsimile
numbers set forth on page 2 of
this Company Notice. |
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IS SYNAPTICS MAKING ANY RECOMMENDATION
ABOUT THE PUT OPTION?
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None of the Company or its
board of directors or
employees are making any
recommendation as to whether
or not you should tender your
Notes pursuant to the Put
Option. Holders should
determine whether or not to
tender their Notes pursuant to
the Put Option based upon,
among other things, their own
assessment of the current
market value of the Notes,
liquidity needs, and
investment objectives. |
In this Company Notice, Synaptics Incorporated, Synaptics, we, us, our, and the
Company refer to Synaptics Incorporated and its consolidated subsidiaries, unless the context
requires otherwise.
6
IMPORTANT INFORMATION CONCERNING THE PUT OPTION
1. Information Concerning the Company. Synaptics Incorporated, a Delaware corporation, is
obligated to repurchase its 0.75% Convertible Senior Subordinated Notes Due 2024 (the Notes) that
have been surrendered for repurchase pursuant to the Put Option and not validly withdrawn. The
Notes are convertible into the common stock, $.001 par value per share (the Common Stock), of the
Company, subject to the terms, conditions, and adjustments specified in the Indenture and the
Notes.
The Company is a leading developer of human interface solutions for mobile computing,
communications, and entertainment devices. We conducted our initial public offering and became a
NASDAQ-listed public company in 2002. Our corporate offices are located at 3120 Scott Blvd., Santa
Clara, California 95054 and our telephone number is (408) 454-5100.
2. Information Concerning The Notes. The Notes were issued under an Indenture, dated as of
December 7, 2004 (the Indenture), between the Company and American Stock Transfer & Trust
Company, as trustee (the Trustee). The Notes mature on December 1, 2024.
2.1. The Companys Obligation to Repurchase the Notes. Pursuant to the terms of the Notes and
the Indenture, the Company is obligated to repurchase all Notes validly surrendered for repurchase
and not withdrawn, at the option of each holder of Notes (each a Holder), on December 1, 2009.
This Put Option will expire at 5:00 p.m., New York City time, on Friday, November 27, 2009 (the
Purchase Date). If we make any change to this Put Option which we determine constitutes a
material change, or if we waive a material condition to this Put Option, we will promptly disclose
the change or waiver in a supplement to this Company Notice that we will distribute to registered
holders, and we will make a public announcement of such change or waiver promptly afterward by
means of a press release. We may be required to extend the Purchase Date for a period of five to
ten business days, depending on the significance of the change or waiver, if the Put Option would
otherwise expire during the five to ten business day period. If we are required to extend the
Purchase Date, we will make a public announcement of such extension promptly by means of a press
release. If we are required to extend the Purchase Date and do not accept and pay for surrendered
Notes promptly after December 1, 2009, such failure to pay would be a default under the Indenture.
The repurchase by the Company of validly surrendered Notes is not subject to any condition other
than such repurchase being lawful and the procedural requirements described in this Company Notice.
2.2. Repurchase Price. Pursuant to the Indenture and the Notes, the purchase price to be paid
by the Company for the Notes on the Purchase Date is $1,000 per $1,000 principal amount of the
Notes (the Repurchase Price). The Repurchase Price will be paid in cash with respect to any and
all Notes validly surrendered for repurchase and not withdrawn prior to 5:00 p.m., New York City
time, on Monday, November 30, 2009. Notes surrendered for repurchase will be accepted only in
principal amounts equal to $1,000 or integral multiples thereof.
The Repurchase Price is based solely on the requirements of the Indenture and the Notes and
bears no relationship to the market price of the Notes or the Common Stock. Thus, the Repurchase
Price may be significantly higher or lower than the market price of the Notes on the Purchase Date.
Holders of Notes are urged to obtain the best available information as to potential current market
prices of the Notes, to the extent available, and the Common Stock before making a decision whether
to surrender their Notes for repurchase.
None of the Company or its board of directors or employees are making any recommendation to
Holders as to whether to surrender or refrain from surrendering Notes for repurchase pursuant to
this Company Notice. Each Holder must make such Holders own decision whether to surrender such
Holders Notes for repurchase and, if so, the principal amount of Notes to surrender based on such
Holders assessment of current market value of the Notes and the Common Stock and other relevant
factors.
2.3. Conversion Rights of the Notes. Holders that do not surrender their Notes for repurchase
pursuant to the Put Option will maintain the right to convert their Notes into Common Stock,
subject to the terms, conditions, and adjustments specified in the Indenture and the Notes. Any
Notes that are surrendered pursuant to the Put Option may be converted in accordance with the terms
of the Indenture and the Notes only if
7
such surrender has been validly withdrawn prior to 5:00 p.m., New York City time, on Monday,
November 30, 2009, as described in Section 4 below.
2.4. Market for the Notes and the Companys Common Stock. There is no established reporting
system or trading market for trading in the Notes. We believe that trading in the Notes has been
limited and sporadic. We believe that there is no practical way to accurately determine the
trading history of the Notes. To the extent that the Notes are traded, prices of the Notes may
fluctuate widely depending on trading volume, the balance between buy and sell orders, prevailing
interest rates, the Companys operating results, the market price and implied volatility of the
Common Stock, and the market for similar notes. Following the expiration of the Put Option, we
expect that Notes not repurchased in the Put Option will continue to be traded over the counter;
however, the trading market for the Notes may be even more limited. A debt security with a smaller
outstanding principal amount available for trading (a smaller float) may command a lower price
and trade with greater volatility than would a comparable debt security with a larger float.
Consequently, our repurchase of a significant amount of the Notes pursuant to the Put Option would
reduce the float and could negatively affect the liquidity, market value, and price volatility of
the Notes that remain outstanding following the Put Option. We cannot assure you that a market
will exist for the Notes following the Put Option. The extent of the trading market for the Notes
following consummation of the Put Option will depend upon, among other things, the remaining
outstanding principal amount of the Notes at that time, the number of holders of Notes remaining at
that time, and the interest on the part of securities firms in maintaining a market in the Notes.
The Trustee has informed us that, as of the date of this Company Notice, all of the Notes are held
in global form through DTC. As of the close of business on October 27, 2009, there was $65,303,000
aggregate principal amount of Notes outstanding and DTC was the sole record Holder of the Notes.
The Common Stock into which the Notes are convertible is traded on the Nasdaq Global Select
Market under the symbol SYNA. The following table sets forth quarterly high and low prices for
trades of our common stock during the quarters indicated:
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2009 |
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2008 |
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2007 |
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High |
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Low |
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High (1) |
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Low (1) |
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High(1) |
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Low (1) |
First Quarter |
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$ |
36.95 |
(1) |
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$ |
24.96 |
(1) |
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$ |
33.46 |
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$ |
23.15 |
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$ |
17.25 |
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$ |
12.38 |
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Second Quarter |
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$ |
31.98 |
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$ |
13.85 |
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$ |
41.15 |
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$ |
27.06 |
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$ |
20.13 |
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$ |
14.89 |
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Third Quarter |
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$ |
27.84 |
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$ |
14.11 |
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$ |
29.97 |
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$ |
14.69 |
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$ |
21.39 |
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$ |
15.17 |
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Fourth Quarter |
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$ |
40.94 |
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$ |
23.03 |
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$ |
31.89 |
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$ |
15.74 |
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$ |
24.17 |
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$ |
16.48 |
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(through June 30, 2009) |
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(1) |
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All share amounts reflect the 3-for-2 stock split effected as a stock dividend and paid on
August 29, 2008. |
The closing price of our common stock on October 27, 2009, was $23.88 per share. As of
October 27, 2009, there were approximately 34,004,703 shares of Common Stock outstanding. We urge
you to obtain current market information for the Notes, to the extent available, and the Common
Stock before making any decision to surrender your Notes pursuant to the Put Option.
2.5. Redemption. Beginning on December 1, 2009, we may redeem the Notes, in whole at any
time, or in part from time to time, for cash at a price equal to 100% of the principal amount of
the Notes plus accrued and unpaid interest (including Contingent Interest and Additional Interest,
if any (as defined in the Indenture)) thereon up to, but not including, the date of redemption, as
provided for in the Indenture and the Notes.
2.6. Change in Control. If a Change in Control (as defined in the Indenture) occurs, each
Holder may require that we repurchase all or a portion of the Holders Notes on the date fixed by
us that is no later than 35 Business Days (as defined in the Indenture) after we give notice of the
Change in Control. We will repurchase the Notes for an amount of cash equal to 100% of the
principal amount of the Notes, plus accrued and unpaid interest (including Contingent Interest and
Additional Interest, if any (as defined in the Indenture)) up to, but not including, the date of
repurchase.
2.7. Ranking. The Notes are our senior unsecured obligations and rank equally in right of
payment with our existing and future senior indebtedness and senior to any future subordinated
indebtedness. The Notes are effectively subordinated to any future secured indebtedness to the
extent of the value of the assets securing
8
such secured indebtedness. As of October 27, 2009, we had no senior secured indebtedness
outstanding. As of October 27, 2009, we had $65,303,000 of senior unsecured indebtedness
outstanding. The Notes are structurally subordinated to all liabilities of our subsidiaries, which
may include guarantees of our debt and includes trade payables.
2.8. Dividends. The Holders of Notes are not entitled to dividends. Upon conversion into
Common Stock, the Holders will be entitled to dividends, if any, made to holders of Common Stock.
3. Procedures To Be Followed By Holders Electing To Surrender Notes For Repurchase. Holders
will not be entitled to receive the Repurchase Price for their Notes unless they validly surrender
and do not withdraw the Notes on or before 5:00 p.m., New York City time, on Monday, November 30,
2009. Only registered Holders are authorized to surrender their Notes for repurchase. Holders may
surrender some or all of their Notes; however, any Notes surrendered must be in $1,000 principal
amount or an integral multiple thereof. If Holders do not validly surrender their Notes on or
before 5:00 p.m., New York City time, on Friday November 27, 2009, their Notes will remain
outstanding subject to the existing terms of the Notes.
3.1. Method of Delivery. The Trustee has informed the Company that, as of the date of this
Company Notice, all custodians and beneficial holders of the Notes hold the Notes through DTC
accounts and that there are no certificated Notes in non-global form. Accordingly, all Notes
surrendered for repurchase hereunder must be delivered through DTCs Automatic Tender Offer Program
(ATOP). This Company Notice constitutes the written notice by the Company of the purchase right
in accordance with the Indenture and delivery of the Notes via ATOP will satisfy the notice
requirements of the Indenture. Delivery of Notes and all other required documents, including
delivery and acceptance through ATOP, is at the election and risk of the person surrendering such
Notes.
3.2. Agreement to be Bound by the Terms of the Put Option. By surrendering your Notes through
the transmittal procedures of DTC, a Holder acknowledges and agrees as follows:
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such Notes shall be repurchased as of the Purchase Date pursuant to the
terms and conditions set forth in this Company Notice; |
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such Holder has received this Company Notice and acknowledges that this
Company Notice provides the notice required pursuant to the Indenture; |
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upon the terms and subject to the conditions set forth in this Company
Notice, the Indenture, and the Notes, and effective upon the acceptance for
payment thereof, such Holder (i) irrevocably sells, assigns, and transfers to
the Company, all right, title, and interest in and to all the Notes
surrendered, (ii) releases and discharges the Company and its directors,
officers, employees, and affiliates from any and all claims such Holder may
have now, or may have in the future arising out of, or related to, the Notes,
including, without limitation, any claims that such Holder is entitled to
receive additional principal or interest payments with respect to the Notes or
to participate in any redemption or defeasance of the Notes, and (iii)
irrevocably constitutes and appoints American Stock Transfer & Trust Company
(the Paying Agent) as the true and lawful agent and attorney-in-fact of such
Holder with respect to any such surrendered Notes, with full power of
substitution and resubstitution (such power of attorney being deemed to be an
irrevocable power coupled with an interest) to (a) deliver certificates
representing such Notes, or transfer ownership of such Notes, on the account
books maintained by DTC, together, in any such case, with all accompanying
evidences of transfer and authenticity, to the Company, (b) present such Notes
for transfer on the relevant security register, and (c) receive all benefits or
otherwise exercise all rights of beneficial ownership of such Notes (except
that the Paying Agent will have no rights to, or control over, funds from the
Company, except as agent for the Company, for the Repurchase Price of any
surrendered Notes that are repurchased by the Company), all in accordance with
the terms set forth in this Company Notice; |
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such Holder represents and warrants that such Holder (i) owns the Notes
surrendered and is entitled to surrender such Notes and (ii) has full power and
authority to surrender, sell, assign, and transfer the Notes surrendered hereby
and that when such Notes are accepted for repurchase and payment by the
Company, the Company will acquire good title thereto, free |
9
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and clear of all liens, restrictions, charges, and encumbrances and not subject
to any adverse claim or right; |
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such Holder agrees, upon request from the Company, to execute and deliver
any additional documents deemed by the Paying Agent or the Company to be
necessary or desirable to complete the sale, assignment, and transfer of the
Notes surrendered; |
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such Holder understands that all Notes properly surrendered for repurchase
and not withdrawn prior to 5:00 p.m., New York City time, on Friday, November
27, 2009 will be repurchased at the Repurchase Price, in cash, pursuant to the
terms and conditions of the Indenture, the Notes, the Company Notice, and
related notice materials, as amended and supplemented from time to time; |
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payment for Notes repurchased pursuant to the Company Notice will be made by
deposit of the Repurchase Price for such Notes with the Paying Agent, which
will act as agent for surrendering Holders for the purpose of receiving
payments from the Company and transmitting such payments to such Holders; |
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surrenders of Notes may be withdrawn by written notice of withdrawal
delivered pursuant to the procedures set forth in this Company Notice at any
time prior to 5:00 p.m., New York City time, on Monday, November 30, 2009; |
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all authority conferred or agreed to be conferred pursuant to the terms of
the Put Option hereby shall survive the death or incapacity of the undersigned
and every obligation of the Holder and shall be binding upon the Holders
heirs, personal representatives, executors, administrators, successors,
assigns, trustees in bankruptcy, and other legal representatives; |
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the delivery and surrender of the Notes is not effective, and the risk of
loss of the Notes does not pass to the Paying Agent, until receipt by the
Paying Agent of any and all evidences of authority and any other required
documents in form satisfactory to the Company; and |
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all questions as to the validity, form, eligibility (including time of
receipt), and acceptance for payment of any surrender of Notes pursuant to the
procedures described in this Company Notice and the form and validity
(including time of receipt of notices of withdrawal) of all documents will be
determined by the Company, in its sole direction, which determination shall be
final and binding on all parties. |
3.3. Delivery of Notes.
Notes Held Through a Custodian. A Holder whose Notes are held by a broker, dealer, commercial
bank, trust company, or other nominee must contact such nominee if such Holder desires to surrender
such Holders Notes and instruct such nominee to surrender the Notes for repurchase on the Holders
behalf through the transmittal procedures of DTC as set forth below in Notes in Global Form on or
prior to 5:00 p.m., New York City time, on Friday, November 27, 2009.
Notes in Global Form. A Holder who is a DTC participant may elect to surrender to the Company
such Holders beneficial interest in the Notes by electronically transmitting such Holders
acceptance through ATOP, subject to the terms and procedures of that system, on or prior to 5:00
p.m., New York City time, on Friday, November 27, 2009.
In surrendering through ATOP, the electronic instructions sent to DTC by the Holder, or by a
broker, dealer, commercial bank, trust company, or other nominee on such Holders behalf, and
transmitted by DTC to the Paying Agent, will acknowledge, on behalf of DTC and the Holder, receipt
by the Holder of and agreement to be bound by the terms of the Put Option, including those set
forth above under Agreement to be Bound by the Terms of the Put Option.
4. Right Of Withdrawal. Notes surrendered for repurchase may be withdrawn at any time prior
to 5:00 p.m., New York City time, on Monday, November 30, 2009. In order to withdraw Notes,
Holders must comply with the withdrawal procedures of the DTC prior to 5:00 p.m., New York City
time, on Monday, November 30,
10
2009. Notes withdrawn from the Put Option may be resurrendered by following the surrender
procedures described in Section 3 above.
This means a Holder must deliver, or cause to be delivered, a valid withdrawal request through
ATOP from the tendering DTC participant before 5:00 p.m., New York City time, on Monday, November
30, 2009. The withdrawal notice must:
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specify the DTC Voluntary Offer Instruction Number, the name of the participant for
whose account such Notes were tendered, and such participants account number at DTC to
be credited with the withdrawn Notes; |
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contain a description of the Notes to be withdrawn (including the principal amount
to be withdrawn); and |
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be submitted through the DTC ATOP system by such participant under the same name as
the participants name is listed in the original tender, or be accompanied by evidence
satisfactory to the Company that the person withdrawing the tender has succeeded to the
beneficial ownership of the Notes. |
We will determine all questions as to the validity, form, and eligibility, including time of
receipt, of notices of withdrawal.
5. Payment for Surrendered Notes. We will promptly forward to the Paying Agent the
appropriate amount of cash required to pay the Repurchase Price for the surrendered Notes, and the
Paying Agent will promptly following the later of (a) the Repurchase Date with respect to such
Notes and (b) the time of book-entry transfer or delivery of such Notes to the Paying Agent by the
Holder cause the cash to be distributed to each record Holder that has validly delivered its Notes
prior to 5:00 p.m., New York City time, on Friday, November 27, 2009 and not validly withdrawn such
delivery prior to 5:00 p.m., New York City time, on Monday, November 30, 2009.
The total amount of funds required by us to repurchase all of the Notes is approximately
$65,547,886.25 (assuming all of the Notes are validly surrendered for repurchase and accepted for
payment). In the event any Notes are surrendered and accepted for payment, we intend to use cash
on hand to repurchase the remaining outstanding Notes.
6. Notes Acquired. Any Notes repurchased by us pursuant to the Put Option will be cancelled
by the Trustee, pursuant to the terms of the Indenture.
7. Plans or Proposals of the Company. Except as publicly disclosed on or prior to the date of
this Company Notice, the Company does not currently have any plans that would be material to a
Holders decision to surrender Notes for repurchase in the Put Option, which relate to or which
would result in:
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any extraordinary transaction, such as a merger, reorganization, or liquidation,
involving the Company or any of its subsidiaries; |
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any purchase, sale, or transfer of a material amount of assets of the Company or any
of its subsidiaries; |
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any material change in the present dividend rate or policy, or indebtedness or
capitalization of the Company; |
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any change in the present board of directors or management of the Company,
including, but not limited to, any plans or proposals to change the number or the term
of directors or to fill any existing vacancies on the board or to change any material
term of the employment contract of any executive officer; |
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any other material change in the corporate structure or business of the Company; |
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any class of equity securities of the Company to be delisted from a national
securities exchange or cease to be authorized to be quoted in an automated quotation
system operated by a national securities association; |
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any class of equity securities of the Company becoming eligible for termination of
registration under Section 12(g)(4) of the Securities Exchange Act of 1934, as amended
(the Exchange Act); |
11
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the suspension of the obligation of the Company to file reports under Section 15(d)
of the Exchange Act; |
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the acquisition by any person of additional securities of the Company or the
disposition of securities of the Company; or |
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any changes in the charter, bylaws, or other governing instruments of the Company or
other actions that could impede the acquisition of control of the Company. |
8. Interests of Directors, Executive Officers, and Affiliates of the Company in the Notes.
Except as otherwise disclosed below, based on a reasonable inquiry by the Company:
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none of the Company or its executive officers, directors, subsidiaries, or other
affiliates has any beneficial interest in the Notes; |
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the Company will not repurchase any Notes from such persons; and |
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during the 60 days preceding the date of this Company Notice, none of such officers,
directors, or affiliates has engaged in any transactions in the Notes. |
A list of the directors and executive officers of the Company is attached to this Company
Notice as Annex A.
9. Purchases Of Notes By The Company And Its Affiliates. Each of the Company and its
affiliates, including its executive officers and directors, is prohibited under applicable United
States federal securities laws from purchasing Notes (or the right to purchase Notes) other than
through the Put Option until at least the tenth business day after the Purchase Date. Following
such time, if any Notes remain outstanding, the Company and its affiliates may purchase Notes in
the open market, in private transactions, through a subsequent tender offer, or otherwise, any of
which may be consummated at purchase prices higher or lower than the Repurchase Price. Any
decision to purchase Notes after the Put Option, if any, will depend upon many factors, including
the market price of the Notes, the amount of Notes surrendered for purchase pursuant to the Put
Option, the market price of the Common Stock, the business and financial position of the Company,
and general economic and market conditions.
10. Material United States Tax Considerations. The following discussion is a summary of
certain U.S. federal income tax considerations relevant to the sale of the Notes pursuant to the
Put Option. This discussion applies only to persons who hold the Notes as capital assets
(generally, property held for investment within the meaning of Section 1221 of the Internal Revenue
Code of 1986, as amended (the Code)). This discussion is based upon the Code, Treasury
Regulations, Internal Revenue Service (IRS) rulings and pronouncements, and judicial decisions
now in effect, all of which are subject to change at any time by legislative, administrative, or
judicial action, possibly with retroactive effect. This discussion does not discuss every aspect
of U.S. federal income taxation that may be relevant to a particular taxpayer in light of their
personal circumstances or to persons who are otherwise subject to special tax treatment (including,
without limitation, banks, broker-dealers, insurance companies, pension and other employee benefit
plans, tax-exempt organizations and entities, persons who acquire Notes in connection with the
performance of services, certain U.S. expatriates, persons holding Notes as a part of a hedging or
conversion transaction or a straddle, partnerships or pass-through entities and owners of interest
therein, United States persons whose functional currency is not the U.S. dollar and, except to the
extent discussed below, persons who are not U.S. Holders (as defined below)) and it does not
discuss the effect of any applicable U.S. state and local or non-U.S. federal tax laws or U.S.
federal tax laws other than U.S. income tax law. We have not sought and will not seek any rulings
from the IRS concerning the tax consequences of the repurchase of the Notes and, accordingly, there
can be no assurance that the IRS will not successfully challenge the tax consequences described
below.
If a partnership holds Notes, the tax treatment of a partner in the partnership will generally
depend upon the status of the partner and the activities of the partnership. If you are a partner
of a partnership holding the Notes, you should consult your tax advisor regarding the tax
consequences of the repurchase of the Notes.
EACH HOLDER IS URGED TO CONSULT SUCH HOLDERS OWN TAX ADVISOR WITH RESPECT TO THE U.S. FEDERAL
INCOME TAX CONSEQUENCES OF THE REPURCHASE OF NOTES, AS
12
WELL AS ANY TAX CONSEQUENCES APPLICABLE UNDER THE LAWS OF ANY U.S. STATE, LOCAL, OR NON-U.S.
TAXING JURISDICTION AND OTHER U.S. FEDERAL TAX LAWS.
U.S. Holders. As used herein, the term U.S. Holder refers to a person that is classified
for U.S. federal income tax purposes as a United States person. For this purpose, a United
States person includes any person who is, for U.S. federal income tax purposes, (i) an individual
who is citizen or resident of the United States, (ii) a corporation created or organized in the
United States or under the laws of the United States or of any state or political subdivision
thereof, (iii) an estate the income of which is subject to U.S. federal income taxation regardless
of its source, or (iv) a trust whose administration is subject to the primary supervision of a U.S.
court and which has one or more United States persons who have the authority to control all
substantial decisions of the trust. Notwithstanding the preceding sentence, to the extent provided
in Treasury Regulations, certain trusts in existence on August 20, 1996 and treated as United
States persons prior to such date that elect to continue to be treated as United States persons
shall also be considered U.S. Holders.
The Notes are subject to Treasury Regulations governing contingent payment debt instruments.
Upon the sale of a Note pursuant to the Put Option, a U.S. Holder will recognize gain or loss to
the extent of the difference between the cash received in exchange therefor, and the U.S. Holders
adjusted tax basis in the Notes. A U.S. Holders tax basis in a Note will initially equal the cost
of the Note and subsequently have been increased by any original discount income or market discount
previously included in income by the U.S. holder with respect to the Note (determined without
regarding to any positive or negative adjustments to interest accrued under contingent payment debt
instrument Regulations) and reduced by the amount of any projected payments (regular or contingent
interest on the Notes) previously made and any amortizable bond premium previously taken into
account by the U.S. holder with respect to the Note. A U.S. holder generally will treat any gain
as ordinary income and any loss as ordinary loss to the extent of the excess of previous original
issue discount inclusions over the total negative adjustments previously taken into account as
ordinary loss, and the balance as capital loss. The deductibility of capital losses is subject to
limitations. A U.S. holder who claims a loss in respect of a note in an amount (or amounts) that
meets certain thresholds may be required to file a disclosure statement with the IRS under certain
Treasury Regulations applicable to reportable transactions.
Tax Consequences to Non-U.S. Holders
As used herein, the term non-U.S. holder means a beneficial owner of a note that is, for
U.S. federal income tax purposes:
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a nonresident alien individual, |
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a foreign corporation, |
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an estate whose income is not subject to U.S. federal income tax on a net income
basis, or |
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a trust if no court within the United States is able to exercise primary
jurisdiction over its administration or if no United States persons have the authority
to control all of its substantial decisions. |
Payment made to a non-U.S. holder, on repurchase of the Notes, will be exempt from U.S.
federal income and withholding tax, provided that: (i) the non-U.S. holder does not own, actually
or constructively, 10% or more of the total combined voting power of all classes of our stock
entitled to vote and is not a controlled foreign corporation related, directly or indirectly, to us
through stock ownership and is not a bank receiving certain types of interest, (ii) the
certification requirement described below has been fulfilled with respect to the non-U.S. holder,
(iii) such payments are not effectively connected with the conduct by such non-U.S. holder of a
trade or business in the United States, (iv) in the case that the payments reflect contingent
interest, the notes and common stock are actively traded within the meaning of Section
871(h)(4)(C)(v)(I) of the Code and we are not a U.S. real property holding corporation, and (v)
in the case of gain realized on the sale, exchange, conversion, repurchase, or retirement of the
Notes, we are not, and have not been within the shorter of the five year period preceding such
sale, exchange, conversion, repurchase, or retirement and the period the non-U.S. holder held the
notes, a U.S. real property holding corporation. We believe that we are not, and have not been, a
U.S. real property holding corporation for U.S. federal income tax purposes.
13
The certification requirement referred to in the preceding paragraph will be fulfilled if the
beneficial owner of a note certifies on IRS Form W-8BEN, under penalties of perjury, that it is not
a U.S. person and provides its name and address, or the beneficial owner holds its notes through
certain intermediaries, and the beneficial owner and the intermediaries satisfy the certification
requirements of applicable Treasury Regulations.
If a non-U.S. holder of a note is engaged in a trade or business in the United States, and if
payments on the Note are effectively connected with the conduct of this trade or business, the
non-U.S. holder, although exempt from U.S. withholding tax, will generally be taxed in the same
manner as a U.S. holder (see Material United States Tax Considerations U.S. Holders above),
except that the non-U.S. holder will be required to provide a properly executed IRS Form W-8ECI in
order to claim an exemption from withholding tax. Non-U.S. holders should consult their tax
advisers with respect to other tax consequences of the ownership of the notes, including the
possible imposition of a 30% branch profits tax.
Backup Withholding. To prevent backup withholding on payments made to each surrendering U.S.
Holder, each such U.S. Holder should either (x) provide such Holders correct taxpayer
identification number (TIN) by completing an IRS Form W-9, certifying that (1) such Holder is a
United States person (as defined in section 7701(a)(30) of the Code), (2) the TIN provided is
correct (or that such U.S. Holder is awaiting a TIN), and (3) that such U.S. Holder is not subject
to backup withholding because: (a) such Holder is exempt from backup withholding, (b) such Holder
has not been notified by the IRS that such Holder is subject to backup withholding as a result of a
failure to report all interest or dividends, or (c) the IRS has notified such U.S. Holder that he,
she, or it is no longer subject to backup withholding, or (y) otherwise establish an exemption.
Otherwise, backup withholding may apply until such Holder furnishes such Holders TIN (and, if such
Holder has not already done so, the completed IRS Form W-9 described above). If a tendering U.S.
Holder does not provide the correct TIN or an adequate basis for exemption, such Holder may be
subject to a $50 penalty imposed by the IRS, and payments made with respect to the tendered Notes
may be subject to backup withholding. If withholding results in an overpayment of taxes, a refund
may be obtained provided that the required information is timely furnished to the IRS.
Certain U.S. Holders (including among others corporations) are exempt recipients not subject
to backup withholding requirements. To avoid possible erroneous backup withholding, exempt U.S.
Holders while not required to file IRS Form W-9 should complete and return the IRS Form W-9
(checking the Exempt box on its face).
To prevent backup withholding, non-U.S. Holders should (i) submit a properly completed IRS
Form W-8BEN, certifying under penalties of perjury to the holders foreign status or (ii) otherwise
establish an exemption.
11. Additional Information. The Company is subject to the reporting and other informational
requirements of the Exchange Act and, in accordance therewith, files reports, proxy statements, and
other information with the SEC. Such reports, proxy statements, and other information can be
inspected and copied at the Public Reference Section of the SEC located at 100 F Street, N.E.,
Washington D.C. 20549. Copies of such material can be obtained from the Public Reference Section
of the SEC at prescribed rates. Such material may also be accessed electronically by means of the
SECs home page on the Internet at www.sec.gov.
The Company has filed with the SEC a Tender Offer Statement on Schedule TO, pursuant to
Section 13(e) of the Exchange Act and Rule 13e-4 promulgated thereunder, furnishing certain
information with respect to the Put Option. The Tender Offer Statement on Schedule TO, together
with any exhibits and any amendments thereto, may be examined and copies may be obtained at the
same places and in the same manner as set forth above.
The documents listed below (as such documents may be amended from time to time) contain
important information about the Company and its financial condition.
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The Companys Annual Report on Form 10-K for the fiscal year ended June 30, 2009; |
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All other reports filed pursuant to Sections 13, 14, or 15(d) of the Exchange Act
since the end of the fiscal year covered by the Form 10-K mentioned above; |
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All documents filed with the SEC by the Company pursuant to Sections 13, 14 and
15(d) of the Exchange Act subsequent to the date of this Company Notice and prior to
5:00 p.m., New York City time, on the Purchase Date; and |
14
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The description of the Convertible Senior Subordinated Notes due 2024 contained in
the Companys Registration Statement on Form S-3 filed with the SEC on January 27,
2005, as amended. |
In the event of conflicting information in these documents, the information in the latest
filed document should be considered correct. If a material change occurs in the information set
forth in this Company Notice, we will amend the Schedule TO accordingly.
12. No Solicitations. The Company has not employed any persons to make solicitations or
recommendations in connection with the Put Option.
13. Definitions. All capitalized terms used but not specifically defined in this Company
Notice shall have the meanings given to such terms in the Indenture and the Notes.
14. Conflicts. In the event of any conflict between this Company Notice on the one hand and
the terms of the Indenture or the Notes or any applicable laws on the other hand, the terms of the
Indenture or the Notes or applicable laws, as the case may be, will control.
None of the Company or its board of directors or employees are making any recommendation to
any Holder as to whether to surrender or refrain from surrendering Notes for repurchase pursuant to
this Company Notice. Each Holder must make such Holders own decision whether to surrender such
Holders Notes for repurchase and, if so, the principal amount of Notes to surrender based on their
own assessment of current market value and other relevant factors.
SYNAPTICS INCORPORATED
15
ANNEX A
BOARD OF DIRECTORS AND EXECUTIVE OFFICERS
The following table sets forth information about our executive officers and board of directors
as of October 27, 2009. To the best of our knowledge after making reasonable inquiry, none of our
executive officers or board of directors has beneficial ownership in the Notes.
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Name |
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Thomas J. Tiernan
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President and Chief Executive Officer |
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Kathleen A. Bayless
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Chief Financial Officer, Secretary, and Treasurer |
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Gopal K. Garg
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Senior Vice President, Corporate Marketing & Handheld Business |
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Russell J. Knittel
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Executive Vice President |
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David B. Long
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Vice President, World Wide Sales |
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Joseph D. Montalbo
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Senior Vice President, Platform Research & Development |
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Mark N. Vena
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Vice President, PC Business |
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Alex Wong
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Vice President, World Wide Operations |
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Francis F. Lee
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Chairman of the Board |
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Jeffrey D. Buchanan
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Director |
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Nelson C. Chan
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Director |
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Keith B. Geeslin
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Director |
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Richard L. Sanquini
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Director |
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James L. Whims
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Director |
The business address of each person set forth above is c/o Synaptics Incorporated, 3120 Scott
Blvd., Santa Clara, California 95054 and such persons business telephone number is (408) 454-5100.
A-1
exv99waw1wb
Exhibit (a)(1)(B)
FORM OF HOLDER REPURCHASE NOTICE
CUSIP No: 87157DAA7 and 87157DAB5
If you wish to have the Notes repurchased by the Company pursuant to ARTICLE IV (Purchase at the
Option of Holders on Specific Dates) of the Indenture, check the box: ARTICLE IV o.
If the Notes are to be repurchased by the Company pursuant to ARTICLE IV of the Indenture, check
the box for the applicable Repurchase Date: December 1, 2009 o December 1, 2014 o
December 1, 2019 o.
If you wish to have a portion of the Notes repurchased by the Company pursuant to ARTICLE IV of the
Indenture, state the amount (in principal amount): $ ___,000.00.
If certificated, the certificate numbers of the Notes to be delivered for repurchase are:
__________________________.
Any repurchase of the Notes pursuant hereto shall be pursuant to the terms and conditions
specified in the Indenture.
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Your Signature(s): |
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Date: |
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(Sign exactly as your name(s) appears on the Notes)
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Signature Guaranteed
_________________________________
Signatures must be guaranteed by an eligible guarantor institution meeting
the requirements of the Registrar, which requirements include membership or
participation in the Security Transfer Agent Medallion Program (STAMP) or
such other signature guarantee program as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.
By: __________________________________
Authorized Signatory
1
exv99waw1wc
Exhibit (a)(1)(C)
FORM OF NOTICE OF WITHDRAWAL
OF SURRENDER OF
SYNAPTIC INCORPORATED
CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2024
CUSIP No: 87157DAA7 and 87157DAB5
Pursuant to the Company Notice to Holders
of 0.75% Convertible Senior Subordinated Notes due 2024
dated October 28, 2009
This Notice of Withdrawal relates to the repurchase of Convertible Senior Subordinated Notes
Due 2024 (each, a Note and, collectively, the Notes) of Synatics Incorporated, a Delaware
corporation (Synaptics or the Company), at the option of the holder thereof (the Put Option),
pursuant to the terms and conditions specified in the Notes and as set forth in the Company Notice
to Holders of 0.75% Convertible Senior Subordinated Notes due 2024 dated October 28, 2009 (the
Company Notice) of Synaptics relating to the Put Option and the Indenture, dated as of December
7, 2004 (the Indenture), between Synaptics and American Stock Transfer & Trust Company, as
trustee (the Trustee). Synaptics has appointed the Trustee as paying agent (the Paying Agent)
in connection with the Notes.
To withdraw Notes that have been surrendered for payment, the registered holder must submit,
and the Paying Agent must receive, this completed and signed Notice of Withdrawal no later than
5:00 p.m., New York City time, on Monday, November 30, 2009 (the Withdrawal Date). You bear the
risk of untimely withdrawal of previously surrendered Notes. You must allow sufficient time for
completion of the necessary procedures prior to 5:00 p.m., New York City time, on the Withdrawal
Date.
The Paying Agent is:
American Stock Transfer & Trust Company, LLC
59 Maiden Lane
New York, New York 10038
Phone: 718-921-8317
Fax: 718-234-5001
Attn: Reorganization Department
All capitalized terms used but not defined herein shall have the meanings ascribed to them in
the Company Notice and the accompanying Holder Repurchase Notice relating to Synaptics obligation
to repurchase for cash, at the option of the holder thereof, $1,000 for each $1,000 of aggregate
principal amount of the Notes, together with accrued but unpaid interest (including Contingent
Interest and Additional Interest, if any (as defined in the Indenture)) thereon to, but not
including, the Repurchase Date, subject to the terms and conditions of the Indenture and the Notes.
This Notice of Withdrawal is to be completed by registered holders of Notes desiring to
withdraw Notes surrendered pursuant to the Put Option if delivery of such Notes has been previously
made by book-entry transfer to the Paying Agents account at The Depository Trust Company (DTC)
pursuant to the book-entry transfer procedures described under the caption Procedures to be
Followed by Holders Electing to Surrender Notes for Purchase in the Company Notice. The Trustee
has informed Synaptics that, as of the date of the Company Notice, all custodians and beneficial
holders of the Notes held the Notes through DTC accounts and that there were no certificated Notes
in non-global form. Accordingly, all Notes previously surrendered for repurchase must be withdrawn
pursuant to the withdrawal procedures of DTC.
1
Ladies and Gentlemen:
The undersigned hereby withdraws the undersigneds surrender for repurchase to Synaptics of
the Notes described below, which Notes were previously surrendered for repurchase pursuant to the
Put Option.
The undersigned understands that the withdrawal of Notes previously surrendered for repurchase
effected by this Notice of Withdrawal may not be rescinded and that such Notes will no longer be
deemed to be validly surrendered for repurchase. Such withdrawn Notes may be resurrendered for
repurchase only by following the procedures for surrendering set forth in the Company Notice and in
the accompanying Holder Repurchase Notice.
All authority conferred or agreed to be conferred in this Notice of Withdrawal shall not be
affected by and shall survive the death or incapacity of the undersigned, and every obligation of
the undersigned under this Notice of Withdrawal shall be binding upon the heirs, personal
representatives, executors, administrators, successors, assigns, trustees in bankruptcy, and other
legal representatives of the undersigned.
* * *
DESCRIPTION OF NOTES BEING WITHDRAWN
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Notes Being Withdrawn |
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Name(s) and Address(es) of Registered Holder(s)(1) |
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(Attach additional signed list, if necessary) |
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Principal Amount Represented by Notes:
$ ,000.00
Total Amount Being Withdrawn:
$ ,000.00
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Exactly as such participants name(s) and address(es) appear(s) on the security position listing of DTC. |
2
METHOD OF DELIVERY
o CHECK HERE IF THE NOTES WERE DELIVERED BY BOOK-ENTRY TRANSFER MADE TO THE ACCOUNT
MAINTAINED BY THE PAYING AGENT WITH DTC AND COMPLETE THE FOLLOWING:
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Name of Surrendering Institution: |
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DTC Account Number: |
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Contact Person: |
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Address: |
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Telephone (with international dialing code): |
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Facsimile (with international dialing code): |
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Date Surrendered: |
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Transaction Code Number: |
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SIGN HERE
(To Be Completed by All Registered Holders of Notes Being Withdrawn)
Must be signed by registered holder(s) exactly as name(s) appear(s) on a security position listing
or by person(s) authorized to become registered holder(s) of the Notes by documents transmitted
with this Notice of Withdrawal. If the signature is by an attorney-in-fact, executor,
administrator, trustee, guardian, partner, officer of a corporation, or another party acting in a
fiduciary or representative capacity, please set forth the signers full title.
(Signature(s) of Registered Holder(s) or Authorized Signatory)
Date: , 2009
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Name(s): |
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(Please Print) |
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Capacity: |
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Area Code(s) and Telephone Number(s): |
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(The Guarantee Below Must be Completed)
3
GUARANTEE OF SIGNATURE(S)
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Authorized Signature: |
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Name: |
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Title: |
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Name of Eligible Institution: |
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Address: |
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Area Code and Telephone Number: |
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Date: , 2009
4
exv99waw1wd
Exhibit (a)(1)(D)
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Form W-9
(Rev. October 2007)
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Request for Taxpayer
Identification Number and Certification
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Department of the Treasury
Internal Revenue Service
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Give form to the
requester. Do not
send to the IRS. |
Print or type
See Specific Instructions on page 2.
Name (as shown on your income tax return)
Business name, if different from above
Check appropriate box: o Individual/Sole proprietor o Corporation o Partnership o Exempt payee
o Limited liability company. Enter the tax classification (D=disregarded entity, C=corporation, P=partnership) >
o Other (see instructions) >
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Address (number, street, and apt, or suite no.)
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Requesters name and address (optional) |
City, state, and ZIP code
List account number(s) here (optional)
Part I Taxpayer Identification Number (TIN)
Enter your TIN in the appropriate box. The Tin provided must match the name given on Line 1 to
avoid backup withholding. For individuals, this is your social security number (SSN). However, for
a resident alien, sole proprietor, or disregarded entity, see the Part I instructions on page 3.
For other entities, it is your employer identification number (EIN). If you do not have a number,
see How to get a TIN on page 3.
Note: If the account is in more than one name, see the chart on page 4 for guidelines on whose number to enter.
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Social security number
[ ][ ][ ]- [ ][ ]- [ ][ ][ ][ ]
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or
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Employer identification number
[ ][ ]- [ ][ ][ ][ ][ ][ ] |
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Part II Certification
Under penalties of perjury, I certify that:
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The number shown on this form is my correct taxpayer identification number (or I am waiting
for a number to be issued to me), and |
1
2. |
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I am not subject to backup withholding because: (a) I am exempt from backup withholding, or
(b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup
withholding as a result of a failure to report all interest or dividends, or (c) the IRS has
notified me that I am no longer subject to backup withholding, and |
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I am a U.S. citizen or other U.S. person (defined below). |
Certification instructions. You must cross out item 2 above if you have been notified by the IRS
that you are currently subject to backup withholding because you have failed to report all interest
and dividends on your tax return. For real estate transactions, item 2 does not apply. For
mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt,
contributions to an individual retirement arrangement (IRA), and generally, payments other than
interest and dividends, you are not required to sign the Certification, but you must provide your
correct TIN. (See the instructions on page 4.)
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Sign
Here
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Signature of
U.S. person >
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Date > |
General Instructions
Section references are to the Internal Revenue Code unless otherwise noted.
Purpose of Form
A person who is required to file an information return with the IRS must obtain your correct
taxpayer identification number (TIN) to report, for example, income paid to you, real estate
transactions, mortgage interest you paid, acquisition or abandonment of secured property,
cancellation of debt, or contributions you made to an IRA.
Use Form W-9 only if you are a U.S. person (including a resident alien), to provide your correct
TIN to the person requesting it (the requester) and, when applicable, to:
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Certify that the TIN you are giving is correct (or you are waiting for a number to be
issued), |
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2. |
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Certify that you are not subject to backup withholding, or |
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3. |
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Claim exemption from backup withholding if you are a U.S. exempt payee. If applicable, you
are also certifying that as a U.S. person, your allocable share of any partnership income from
a U.S. trade or business is not subject to the withholding tax on foreign partners share of
effectively connected income. |
Note. If a requester gives you a form other than Form W-9 to request your TIN, you must use the
requesters form if it is substantially similar to this Form W-9.
Definition of a U.S. person. For federal tax purposes, you are considered a U.S. person if you
are:
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An individual who is a U.S. citizen or U.S. resident alien, |
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A partnership, corporation, company, or association created or organized in the United
States or under the laws of the United States, |
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An estate (other than a foreign estate), or |
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A domestic trust (as defined in Regulations section 301.7701-7). |
Special rules for partnerships. Partnerships that conduct a trade or business in the United States
are generally required to pay a withholding tax on any foreign partners share of income from such
business. Further, in certain cases where a Form W-9 has not been received, a partnership is
required to presume that a partner is a foreign person, and pay the withholding tax. Therefore, if
you are a U.S. person that is a partner in a partnership conducting
2
a trade or business in the United States, provide Form W-9 to the partnership to establish your
U.S. status and avoid withholding on your share of partnership income.
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Cat. No. 10231X
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Form W-9 (Rev. 1-2002) |
The person who gives Form W-9 to the partnership for purposes of establishing its U.S. status and
avoiding withholding on its allocable share of net income from the partnership conducting a trade
or business in the United States is in the following cases:
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The U.S. owner of a disregarded entity and not the entity, |
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The U.S. grantor or other owner of a grantor trust and not the trust, and |
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The U.S. trust (other than a grantor trust) and not the beneficiaries of the trust. |
Foreign person. If you are a foreign person, do not use Form W-9. Instead, use the appropriate
Form W-8 (see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities).
Nonresident alien who becomes a resident alien. Generally, only a nonresident alien individual may
use the terms of a tax treaty to reduce or eliminate U.S. tax on certain types of income. However,
most tax treaties contain a provision known as a saving clause. Exceptions specified in the
saving clause may permit an exemption from tax to continue for certain types of income even after
the payee has otherwise become a U.S. resident client for tax purposes.
If you are a U.S. resident alien who is relying on an exception contained in the saving clause of a
tax treaty to claim an exemption from U.S. tax on certain types of income, you must attach a
statement to Form W-9 that specifies the following five items:
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The treaty country. Generally, this must be the same treaty under which you claimed exemption
from tax as a nonresident alien. |
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The treaty article addressing the income. |
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The article number (or location) in the tax treaty that contains the saving clause and its
exceptions. |
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The type and amount of income that qualifies for the exemption from tax. |
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Sufficient facts to justify the exemption from tax under the terms of the treaty article. |
Example. Article 20 of the U.S.-China income tax treaty allows an exemption from tax for
scholarship income received by a Chinese student temporarily present in the United States. Under
U.S. law, this student will become a resident alien for tax purposes if his or her stay in the
United States exceeds 5 calendar years. However, paragraph 2 of the first Protocol to the
U.S.-China treaty (dated April 30, 1984) allows the provisions of Article 20 to continue to apply
even after the Chinese student becomes a resident alien of the United States. A Chinese student
who qualifies for this exception (under paragraph 2 of the first protocol) and is relying on this
exception to claim an exemption from tax on his or her scholarship or fellowship income would
attach to Form W-9 a statement that includes the information described above to support that
exemption.
If you are a nonresident alien or a foreign entity not subject to backup withholding, give the
requester the appropriate completed Form W-8.
What is backup withholding? Persons making certain payments to you must under certain conditions
withhold and pay to the IRS 28% of such payments. This is called backup withholding. Payments
that may be subject to backup withholding include interest, tax-exempt interest, dividends, broker
and barter exchange transactions, rents,
3
royalties, nonemployee pay, and certain payments from fishing boat operators. Real estate
transactions are not subject to backup withholding.
You will not be subject to backup withholding on payments you receive if you give the requester
your correct TIN, make the proper certifications, and report all your taxable interest and
dividends on your tax return.
Payments you receive will be subject to backup withholding if:
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You do not furnish your TIN to the requester, |
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You do not certify your TIN when required (see the Part II instructions on page 3 for
details), |
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The IRS tells the requester that you furnished an incorrect TIN, |
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The IRS tells you that you are subject to backup withholding because you did not report all
your interest and dividends on your tax return (for reportable interest and dividends only),
or |
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You do not certify to the requester that you are not subject to backup withholding under 4
above (for reportable interest and dividend accounts opened after 1983 only). |
Certain payees and payments are exempt from backup withholding. See the instructions below and the
separate Instructions for the Requester of Form W-9.
Also see Special rules for partnerships on page 1.
Penalties
Failure to furnish TIN. If you fail to furnish your correct TIN to a requester, you are subject to
a penalty of $50 for each such failure unless your failure is due to reasonable cause and not to
willful neglect.
Civil penalty for false information with respect to withholding. If you make a false statement
with no reasonable basis that results in no backup withholding, you are subject to a $500 penalty.
Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations
may subject you to criminal penalties including fines and/or imprisonment.
Misuse of TINs. If the requester discloses or uses TINs in violation of federal law, the requester
may be subject to civil and criminal penalties.
Specific Instructions
Name
If you are an individual, you must generally enter the name shown on your income tax return.
However, if you have changed your last name, for instance, due to marriage without informing the
Social Security Administration of the name change, enter your first name, the last name shown on
your social security card, and your new last name.
If the account is in joint names, list first, and then circle, the name of the person or entity
whose number you enter in Part I of the form.
Sole proprietor. Enter your individual name as shown on your income tax return on the Name line.
You may enter your business, trade, or doing business as (DBA) name on the Business name line.
Limited liability company (LLC). Check the Limited liability company box only and enter the
appropriate code for the tax classification (D for disregarded entity, C for corporation, P
for partnership) in the space provided.
For a single-member LLC (including a foreign LLC with a domestic owner) that is disregarded as an
entity separate from its owner under Regulations section 301.7701-3, enter the owners name on the
Name line. Enter the LLCs name on the Business name line.
4
For an LLC classified as a partnership or a corporation, enter the LLCs name on the Name line
and any business, trade, or DBA name on the Business name line.
Other entities. Enter your business name as shown on required federal tax documents on the Name
line. This name should match the name shown on the charter or other legal document creating the
entity. You may enter any business, trade, or DBA name on the Business name line.
Note. You are requested to check the appropriate box for your status (individual/sole proprietor,
corporation, etc.).
Exempt Payee
If you are exempt from backup withholding, enter your name as described above and check the
appropriate box for your status, then check the Exempt payee box in the line following the
business name, sign and date the form.
Generally, individuals (including sole proprietors) are not exempt from backup withholding.
Corporations are exempt from backup withholding for certain payments, such as interest and
dividends.
Note. If you are exempt from backup withholding, you should still complete this form to avoid
possible erroneous backup withholding.
The following payees are exempt from backup withholding:
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An organization exempt from tax under section 501(a), any IRA, or a custodial account under
section 403(b)(7) if the account satisfies the requirements of section 401(f)(2), |
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The United States or any of its agencies or instrumentalities, |
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A state, the District of Columbia, a possession of the United States, or any of their
political subdivisions or instrumentalities, |
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A foreign government or any of its political subdivisions, agencies, or instrumentalities, or |
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An international organization or any of its agencies or instrumentalities. |
Other payees that may be exempt from backup withholding include:
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A corporation, |
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A foreign central bank of issue, |
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A dealer in securities or commodities required to register in the United States, the District
of Columbia, or a possession of the United States, |
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A futures commission merchant registered with the Commodity Futures Trading Commission, |
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A real estate investment trust, |
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An entity registered at all times during the tax year under the Investment Company Act of
1940, |
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A common trust fund operated by a bank under section 584(a), |
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A financial institution, |
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A middleman known in the investment community as a nominee or custodian; or |
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A trust exempt from tax under section 664 or described in section 4947. |
5
The chart below shows types of payments that may be exempt from backup withholding. The chart
applies to the exempt payees listed above, 1 through 15.
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IF the payment is for . . .
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THEN the payment is exempt for . . . |
Interest and dividend payments
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All exempt payees except for 9 |
Broker transactions
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Exempt payees 1 through 13. |
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Also, a person registered under the investment |
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Advisers Act of 1940 who regularly acts as a broker |
Barter exchange transactions and patronage dividends
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Exempt payees 1 through 5 |
Payments over $600 required to be reported and direct
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Generally, exempt payees 1 through 72 |
sales over $5,0001 |
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1 |
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See Form 1099-MISC, Miscellaneous Income, and its instructions. |
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2 |
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However, the following payments made to a corporation (including gross proceeds paid to
an attorney under section 6045(f), even if the attorney is a corporation) and reportable on Form
1099-MISC are not exempt from backup withholding: medical and health care payments, attorneys
fees, and payments for services paid by a federal executive agency. |
Part I. Taxpayer Identification Number (TIN)
Enter your TIN in the appropriate box. If you are a resident alien and you do not have and are not
eligible to get an SSN, your TIN is your IRS individual taxpayer identification number (ITIN).
Enter it in the social security number box. If you do not have an ITIN, see How to get a TIN below.
If you are a sole proprietor and you have an EIN, you may enter either your SSN or EIN. However,
the IRS prefers that you use your SSN.
If you are a single-member LLC that is disregarded as an entity separate from its owner (see
Limited liability company (LLC) on page 2), enter the owners SSN (or EIN, if the owner has one).
Do not enter the disregarded entitys EIN. If the LLC is classified as a corporation or
partnership, enter the entitys EIN.
Note: See the chart on page 4 for further clarification of name and TIN combinations.
How to get a TIN. If you do not have a TIN, apply for one immediately. To apply for an SSN, get
Form SS-5, Application for a Social Security Card, from your local Social Security Administration
office or get this form online at www.ssa.gov. You may also get this form by calling
1-800-772-1213. Use Form W-7, Application for IRS Individual Taxpayer Identification Number, to
apply for an ITIN, or Form SS-4, Application for Employer Identification Number, to apply for an
EIN. You can apply for a EIN online by accessing the IRS website at www.irs.gov/businesses and
clicking on Employer Identification Number (EIN) under Starting a Business. You can get Forms W-7
and SS-4 from the IRS by visiting www.irs.gov or by calling 1-800-TAX-FORM (1-800-829-3676).
If you are asked to complete Form W-9 but do not have a TIN, write Applied For in the space for
the TIN, sign and date the form, and give it to the requester. For interest and dividend payments,
and certain payments made with respect to readily tradable instruments, generally you will have 60
days to get a TIN and give it to the requester before you are subject to backup withholding on
payments. The 60-day rule does not apply to other types of payments. You will be subject to backup
withholding on all such payments until you provide your TIN to the requester.
Note: Entering Applied For means that you have already applied for a TIN or that you intend to
apply for one soon.
Caution: A disregarded domestic entity that has a foreign owner must use the appropriate Form W-8.
Part II. Certification
To establish to the withholding agent that you are a U.S. person, or resident alien, sign Form W-9.
You may be requested to sign by the withholding agent even if items 1, 4, and 5 below indicate
otherwise.
6
For a joint account, only the person whose TIN is shown in Part I should sign (when required).
Exempt payees, see Exempt Payee on page 3.
Signature requirements. Complete the certification as indicated in 1 through 5 below.
1. Interest, dividend, and barter exchange accounts opened before 1984 and broker accounts
considered active during 1983. You must give your correct TIN, but you do not have to sign the
certification.
2. Interest, dividend, broker, and barter exchange accounts opened after 1983 and broker accounts
considered inactive during 1983. You must sign the certification or backup withholding will apply.
If you are subject to backup withholding and you are merely providing your correct TIN to the
requester, you must cross out item 2 in the certification before signing the form.
3. Real estate transactions. You must sign the certification. You may cross out item 2 of the
certification.
4. Other payments. You must give your correct TIN, but you do not have to sign the certification
unless you have been notified that you have previously given an incorrect TIN. Other payments
include payments made in the course of the requesters trade or business for rents, royalties,
goods (other than bills for merchandise), medical and health care services (including payments to
corporations), payments to a nonemployee for services, payments to certain fishing boat crew
members and fishermen, and gross proceeds paid to attorneys (including payments to corporations).
5. Mortgage interest paid by you, acquisition or abandonment of secured property, cancellation of
debt, qualified tuition program payments (under section 529), IRA, Coverdell ESA, Archer MSA or HSA
contributions or distributions, and pension distributions. You must give your correct TIN, but you
do not have to sign the certification.
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What Name and Number To Give the Requester |
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For this type of account:
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Give name and SSN of: |
1. Individual |
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The individual |
2. Two or more individuals (joint account)
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The actual owner of the account or, if
combined funds, the first individual on
the account 1 |
3. Custodian account of a minor (Uniform Gift to Minors Act)
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The minor 2 |
4. a. The usual revocable savings trust (grantor is also trustee)
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The grantor-trustee 1 |
b. So-called trust account that is not a legal or valid trust under state law
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The actual owner 1 |
5. Sole proprietorship or disregarded entity owned by an individual
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The owner 3 |
For this type of account:
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Give name and EIN of: |
6. Disregarded entity not owned by an individual
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The owner |
7. A valid trust, estate, or pension trust
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Legal entity 4 |
8. Corporate or LLC electing corporate status on Form 8832
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The corporation |
9. Association, club, religious, charitable, educational, or other tax-exempt organization
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The organization |
10. Partnership or multi-member LLC
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The partnership |
11. A broker or registered nominee
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The broker or nominee |
12. Account with the Department of Agriculture in the name of a public entity
(such as a state or local government, school district, or prison) that receives agricultural
program payments
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The public entity |
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1 |
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List first and circle the name of the person whose number you furnish. If only one
person on a joint account has an SSN, that persons number must be furnished. |
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2 |
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Circle the minors name and furnish the minors SSN. |
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3 |
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You must show your individual name and you may also enter your business or DBA name
on the second line. You may use either your SSN or EIN (if you have one), but the IRS encourages
you to use your SSN. |
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4 |
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List first and circle the name of the trust, estate, or pension trust. (Do not furnish
the TIN of the personal representative or trustee unless the legal entity itself is not designated
in the account title.) Also see Special rules for partnerships on page 1. |
Note: If no name is circled when more than one name is listed, the number will be considered to be
that of the first name listed.
7
Secure Your Tax Records from Identity Theft
Identity theft occurs when someone uses your personal information such as your name, social
security number (SSN), or other identifying information, without your permission, to commit fraud
or other crimes. An identity thief may use your SSN to get a job or may file a tax return using
your SSN to receive a refund.
To reduce your risk:
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Protect your SSN, |
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Ensure your employer is protecting your SSN, and |
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Be careful when choosing a tax preparer. |
Call the IRS at 1-800-829-1040 if you think your identity has been used inappropriately for tax
purposes.
Victims of identity theft who are experiencing economic harm or a system problem, or are seeking
help in resolving tax problems that have not been resolved through normal channels, may be eligible
for Taxpayer Advocate Service (TAS) assistance. You can reach TAS by calling the TAS toll-free
case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059.
Protect yourself from suspicious emails or phishing schemes. Phishing is the creation and use of
email and websites designed to mimic legitimate business emails and websites. The most common act
is sending an email to a user falsely claiming to be an established legitimate enterprise in an
attempt to scam the user into surrendering private information that will be used for identity
theft.
The IRS does not initiate contacts with taxpayers via emails. Also, the IRS does not request
personal detailed information through email or ask taxpayers for the PIN numbers, passwords, or
similar secret access information for their credit card, bank, or other financial accounts.
If you receive an unsolicited email claiming to be from the IRS, forward this message to
phishing@irs.gov. You may also report misuse of the IRS name, logo, or other IRS personal property
to the Treasury Inspector General for Tax Administration at 1-800-366-4484. You can forward
suspicious emails to the Federal Trade Commission at: span@uce.gov or contact them at
www.consumer.gov/idtheft or 1-877-IDTHEFT(438-4338).
Visit the IRS website at www.irs.gov to learn more about identity theft and how to reduce your
risk.
Privacy Act Notice
Section 6109 of the Internal Revenue Code requires you to provide your correct TIN to persons who
must file information returns with the IRS to report interest, dividends, and certain other income
paid to you, mortgage interest you paid, the acquisition or abandonment of secured property,
cancellation of debt, or contributions you made to an IRA, or Archer MSA or HSA. The IRS uses the
numbers for identification purposes and to help verify the accuracy of your tax return. The IRS
may also provide this information to the Department of Justice for civil and criminal litigation,
and to cities, states, the District of Columbia, and U.S. possessions to carry out their tax laws.
We may also disclose this information to other countries under a tax treaty, to federal and state
agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence
agencies to combat terrorism.
You must provide your TIN whether or not you are required to file a tax return. Payers must
generally withhold 28% of taxable interest, dividend, and certain other payments to a payee who
does not give a TIN to a payer. Certain penalties may also apply.
8
exv99waw5
Exhibit (a)(5)
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For more information contact:
Alex Wellins
The Blueshirt Group
415-217-7722
alex@blueshirtgroup.com |
Synaptics Announces Put Option for
0.75% Convertible Senior Subordinated Notes due 2024
Santa Clara, CA October 28, 2009 Synaptics Incorporated (Nasdaq: SYNA) (Synaptics), a leading
developer of human interface solutions for mobile computing, communications, and entertainment
devices, today announced that it is notifying holders of its outstanding 0.75% Convertible Senior
Subordinated Notes due 2024 (CUSIP No. 87157DAA7 and 87157DAB5) (the Notes) that they have an
option, pursuant to the terms of the Notes, to require Synaptics to purchase, on December 1, 2009,
all or a portion of such holders Notes (the Put Option) at a price equal to 100% of the
aggregate principal amount of the Notes, plus any accrued and unpaid interest up to, but not
including, December 1, 2009.
Synaptics will pay for the purchase price for the Notes solely with cash. If all outstanding
Notes are surrendered for purchase pursuant to the Put Option, the aggregate cash purchase price,
including accrued and unpaid interest, will be approximately $65.5 million. Holders that do not
surrender their Notes for purchase pursuant to the Put Option will maintain the right to convert
their Notes, subject to the terms, conditions, and adjustments applicable to the Notes.
The opportunity to surrender Notes for purchase pursuant to the Put Option will terminate at
5:00 p.m., New York City time, on November 27, 2009. In order to exercise the applicable Put
Option, a holder must follow the procedures set forth in the applicable notice to holders. Holders
may withdraw any Notes previously surrendered for purchase at any time prior to 5:00 p.m., New York
City time, on November 30, 2009.
Synaptics will file a Tender Offer Statement on Schedule TO for the Notes with the Securities
and Exchange Commission. In addition, documents specifying the terms, conditions, and procedures
for surrendering and withdrawing Notes for purchase, including the notices to holders, will be
available through The Depository Trust Company and the paying agent, which is American Stock
Transfer & Trust Company. Neither Synaptics nor its board of directors or employees have made or
are making any representation or recommendation as to whether or not any holder should surrender
any Notes.
Questions regarding the Put Option may be directed to American Stock Transfer & Trust Company
at (718) 921-8317.
This press release is for informational purposes only and is not an offer to purchase, or the
solicitation of an offer to purchase, the Notes.
About Synaptics Incorporated
Synaptics is a leading developer of human interface solutions for mobile computing,
communications, and entertainment devices. The Company creates interface solutions for a variety of
devices including notebook PCs, PC peripherals, digital music players, and mobile phones. The
TouchPad (TM), Synaptics flagship
product, is integrated into a majority of todays notebook
computers. Consumer electronics and computing manufacturers use Synaptics solutions to enrich the
interaction between humans and intelligent devices through improved usability, functionality, and
industrial design. The Company is headquartered in Santa Clara, California. www.synaptics.com
NOTE: Synaptics, TouchPad, and the Synaptics logo are trademarks of Synaptics in the United States
and/or other countries.
Forward Looking Statements for Synaptics Incorporated
The statements contained in this report that are not purely historical are
forward-looking statements within the meaning of applicable securities laws. Forward-looking
statements include statements regarding our expectations, anticipation, intentions,
beliefs, or strategies regarding the future, whether or not those words are used.
Forward-looking statements also include statements regarding revenue, margins, expenses, and
earnings analysis for fiscal 2010 and thereafter; technological innovations; products or product
development, including their performance, market position, and potential; our product development
strategies; competitive factors; potential acquisitions or strategic alliances; the success of
particular product or marketing programs; the amounts of revenue generated as a result of sales to
significant customers; and liquidity and anticipated cash needs and availability. All
forward-looking statements included in this report are based on information available to us as of
the filing date of this report, and we assume no obligation to update any such forward-looking
statements. Our actual results could differ materially from the forward-looking statements.
Additional information on these and other risk factors that could potentially affect the Companys
financial results may be found in documents filed by the Company with the Securities and Exchange
Commission, including the Companys current reports on Form 8-K, quarterly reports on Form 10-Q,
and its latest annual report on Form 10-K.