0001193125-15-332609.txt : 20150929 0001193125-15-332609.hdr.sgml : 20150929 20150929163011 ACCESSION NUMBER: 0001193125-15-332609 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150929 DATE AS OF CHANGE: 20150929 GROUP MEMBERS: DIOSDADO BANATAO GROUP MEMBERS: GEORGE PAVLOV GROUP MEMBERS: LUIS ARZUBI GROUP MEMBERS: TALLWOOD III ANNEX MANAGEMENT, LLC GROUP MEMBERS: TALLWOOD III ANNEX, L.P. GROUP MEMBERS: TALLWOOD III ASSOCIATES, L.P. GROUP MEMBERS: TALLWOOD III MANAGEMENT, LLC GROUP MEMBERS: TALLWOOD III PARTNERS, L.P. GROUP MEMBERS: TALLWOOD PARTNERS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IKANOS COMMUNICATIONS, INC. CENTRAL INDEX KEY: 0001219210 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 731721486 FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81084 FILM NUMBER: 151131119 BUSINESS ADDRESS: STREET 1: 47669 FREMONT BLVD. CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: (510) 979-0400 MAIL ADDRESS: STREET 1: 47669 FREMONT BLVD. CITY: FREMONT STATE: CA ZIP: 94538 FORMER COMPANY: FORMER CONFORMED NAME: IKANOS COMMUNICATIONS DATE OF NAME CHANGE: 20030219 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TALLWOOD III L P CENTRAL INDEX KEY: 0001347680 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O TALLWOOD VENTURE CAPITAL STREET 2: 3000 SAND HILL ROAD, BLDG 3, STE 240 CITY: MENLO PARK STATE: CA ZIP: 94025-7113 BUSINESS PHONE: 650-473-6750 MAIL ADDRESS: STREET 1: C/O TALLWOOD VENTURE CAPITAL STREET 2: 3000 SAND HILL ROAD, BLDG 3, STE 240 CITY: MENLO PARK STATE: CA ZIP: 94025-7113 SC 13D/A 1 d76234dsc13da.htm AMENDMENT # 6 Amendment # 6

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

§ 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a)

(Amendment No. 6)*

 

 

Ikanos Communications, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

45173E105

(CUSIP Number)

Christopher L. Kaufman

Latham & Watkins LLP

140 Scott Drive

Menlo Park, California 94025

Tel: (650) 463-2600

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

September 28, 2015

(Date of Event which Requires Filing of This Statement)

 

 

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

 

 

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

 

 

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

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

 

 

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

Tallwood III, L.P.

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

PN

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

Tallwood III Partners, L.P.

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

PN

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

Tallwood III Associates, L.P.

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

PN

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

Tallwood III Management, LLC

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

OO

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

Tallwood III Annex, L.P.

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

PN

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

Tallwood III Annex Management, LLC

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

OO

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

Luis Arzubi

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

U.S.A.

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

IN

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

Diosdado Banatao

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

U.S.A.

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

IN

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

George Pavlov

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

U.S.A.

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

IN

 


CUSIP No.  45173E105   13D  

 

  1.   

Name of Reporting Persons

 

Tallwood Partners, LLC

  2.   

Check the Appropriate Box if a Member of a Group (see instructions)

(a)  ¨        (b)  þ

 

  3.   

SEC Use Only

 

  4.   

Source of Funds (see instructions)

 

OO

  5.   

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ¨

 

  6.   

Citizenship or Place of Organization:

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.    

Shared Voting Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

     9.    

Sole Dispositive Power

 

0

   10.    

Shared Dispositive Power

 

0 shares of Common Stock

0 share of Series A Preferred Stock

11.   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0 shares of Common Stock

0 share of Series A Preferred Stock

12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)  ¨

 

13.   

Percent of Class Represented by Amount in Row (11)

 

0% of Common Stock

0% of Series A Preferred Stock

14.   

Type of Reporting Person (see instructions)

 

OO

 


Introduction.

This Amendment No. 6 to Schedule 13D (“Amendment No. 6”) supplements and amends the Schedule 13D filed on September 3, 2009 (as amended and supplemented to date, the “Schedule 13D”), by Tallwood III, L.P., a Delaware limited partnership (“Tallwood III”), Tallwood III Partners, L.P., a Delaware limited partnership (“Tallwood III Partners”), Tallwood III Associates, L.P., a Delaware limited partnership (“Tallwood III Associates”), and Tallwood III Annex, L.P., a Delaware limited partnership (“Tallwood III Annex”) (Tallwood III, Tallwood III Partners, Tallwood III Associates and Tallwood III Annex are together referred to as the “Tallwood Funds”), Tallwood III Management, LLC, a Delaware limited liability company (“Tallwood Management”), Tallwood III Annex Management, LLC, a Delaware limited liability company (“Tallwood Annex Management”), Luis Arzubi, Diosdado Banatao and George Pavlov (the foregoing entities and persons collectively, the “Reporting Persons”).

This Schedule 13D relates to shares of common stock, par value $0.001 per share (the “Common Stock”) of Ikanos Communications, Inc., a Delaware corporation (the “Company”), Common Stock issuable upon the exercise of warrants (“Warrants”), and Series A Preferred Stock, par value $0.001 per share of the Company (the “Voting Share”).

 

Item 4. Purpose of Transaction

Item 4 of the Schedule 13D is hereby amended and supplemented by inserting the following text at the end thereof:

As previously disclosed, on August 5, 2015, Qualcomm Atheros, Inc., a Delaware corporation (“Parent”), and King Acquisition Co., a Delaware corporation and wholly-owned subsidiary of Parent (“Purchaser”) and the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which Purchaser commenced a cash tender offer (the “Offer”) to acquire all of the outstanding shares of Common Stock, at a price of $2.75 per share, without interest (the “Offer Price”), subject to any applicable withholding taxes. Concurrent with the execution of the Merger Agreement, the Tallwood Funds and certain other shareholders of the Company entered into a tender and support agreement (the “Tender and Support Agreement”) with Parent and Purchaser. Pursuant to the Tender and Support Agreement, the Tallwood Funds tendered all of their shares of Common Stock in the Offer.

The Offer expired at 5:00 p.m. Eastern Time on September 28, 2015, at which time the Purchaser accepted for payment all shares of Common Stock validly tendered and not withdrawn in the Offer, including those shares tendered by Tallwood Funds, at the Offer Price in accordance with the terms of the Offer. Accordingly, following the consummation of the Tender Offer, the Reporting Persons no longer beneficially owned any Common Stock.


Item 5. Interest in Securities of the Issuer

Item 5 of the Schedule 13D is amended and restated in its entirety by inserting the following information:

(a) and (b)

This Amendment No. 6 is being filed on behalf of the Reporting Persons to report that, as of September 28, 2015, the Reporting Persons do not beneficially own any shares of the Issuer’s Common Stock.

(c) Except as set forth in Item 4, none of the Reporting Persons has effected any transactions in the Common Stock during the past 60 days.

(d) None.

(e) As of September 28, 2015, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Common Stock of the Issuer.

 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6 is hereby amended and supplemented by the following:

The information set forth in Item 4 above is incorporated by reference in response to this Item 6.

 

Item 7. Materials to be Filed as Exhibits

Item 7 of the Schedule 13D is hereby amended and restated as follows:

 

Exhibit 1    Joint Filing Agreement, dated September 3, 2009 (incorporated by reference to Exhibit 5 to Schedule 13D filed with the Securities and Exchange Commission on September 3, 2009).
Exhibit 2    Joinder to Joint Filing Agreement, dated February 13, 2014 (incorporated by reference to Exhibit 2 to Amendment No. 3 to Schedule 13D filed with the Securities and Exchange Commission on February 14, 2014).


Signature

After reasonable 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.

Dated September 29, 2015

 

Tallwood III, L.P.     Tallwood III Annex Management, LLC
Tallwood III Partners, L.P.    
Tallwood III Associates, L.P.    
      By:   /s/ Natasha Skok
By:   Tallwood III Management, LLC       Natasha Skok, Attorney-in-Fact
Its General Partner      
By:   /s/ Natasha Skok     Tallwood Partners, LLC
  Natasha Skok, Attorney-in-Fact      
      By:   The Banatao Living Trust DTD 7/21/99
      Its Managing Member
Tallwood III Annex, L.P.    
By:   Tallwood III Annex Management, LLC     By:   /s/ Diosdado Banatao
Its General Partner       Diosdado Banatao, Trustee
By:   /s/ Natasha Skok    
  Natasha Skok, Attorney-in-Fact     /s/ Luis Arzubi
      Luis Arzubi
     
Tallwood III Management, LLC    
      /s/ Diosdado Banatao
      Diosdado Banatao
By:   /s/ Natasha Skok    
  Natasha Skok, Attorney-in-Fact    
      /s/ George Pavlov
      George Pavlov