-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Sqvk440DrY1VG2jB+2SLYxRf7SiWLghV6b+MKacUwpnBFlBBhIdOrGQqewhYqB7u mrLhD1J52xqslkf2K9bilw== 0000912057-02-005645.txt : 20020414 0000912057-02-005645.hdr.sgml : 20020414 ACCESSION NUMBER: 0000912057-02-005645 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAXTOR CORP CENTRAL INDEX KEY: 0000711039 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 770123732 STATE OF INCORPORATION: DE FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36712 FILM NUMBER: 02541258 BUSINESS ADDRESS: STREET 1: 500 MCCARTHY BLVD CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4088945000 MAIL ADDRESS: STREET 1: 500 MCCARTHY BLVD CITY: MILPITAS STATE: CA ZIP: 95035 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HYNIX SEMICONDUCTOR AMERICA INC CENTRAL INDEX KEY: 0001008861 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3101 N FIRST ST CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4082328000 MAIL ADDRESS: STREET 1: 3101 N FIRST ST CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: HYUNDAI ELECTRONICS AMERICA DATE OF NAME CHANGE: 19990323 SC 13G/A 1 a2070530zsc13ga.htm 13G/A Prepared by MERRILL CORPORATION
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    UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 2)*
   

Maxtor Corporation

(Name of Issuer)

Common Stock. $0.01 par value

(Title of Class of Securities)

 

 

577729205

 

 
   
(CUSIP Number)
   

December 31, 2001

(Date of Event Which Requires Filing of this Statement)

        * The information required in 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.            577729205        

             

1   NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

 

Hynix Semiconductor America Inc., formerly known as Hyundai Electronics America/
Employer Identification Number 94-2876679.

2   CHECK THE APPROPRIATE BOX IF A   (a)   / /
    MEMBER OF A GROUP (SEE
INSTRUCTIONS)
    / / Not applicable.
  (b)   / /

 

 

 

 

 

 

 

3   SEC USE ONLY

 

 

 

 

 

 

 

4   CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

California

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:
  5   SOLE VOTING POWER

 

 

 

 

 

 

12,500,000
       
        6   SHARED VOTING POWER

 

 

 

 

 

 

0
       
        7   SOLE DISPOSITIVE POWER

 

 

 

 

 

 

12,500,000
       
        8   SHARED DISPOSITIVE POWER

 

 

 

 

 

 

0

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

12,500,000

 

 

 

 

10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ / Not applicable.
(SEE INSTRUCTIONS)


 

 

 

 

 

 

 

2



11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

5.2%

 

 

 

 

12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 

HC

 

 

 

 

3


ITEM 1.

(a)   Name of Issuer

 

 

Maxtor Corporation ("Maxtor")
   
(b)   Address of Issuer's Principal Executive Offices

 

 

500 McCarthy Boulevard, Milpitas, CA 95035
   

ITEM 2.

(a)   Name of Person Filing

 

 

Hynix Semiconductor America Inc. ("Hynix")
   
(b)   Address of Principal Business Office or, if none, Residence

 

 

3101 North First Street, San Jose, CA 95134
   
(c)   Citizenship

 

 

The filing company is incorporated in California.
   
(d)   Title of Class of Securities

 

 

Common Stock
   
(e)   CUSIP Number

 

 

577729205
   
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

(a)

 

/ /

 

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).


(b)


 


/ /


 


Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).


(c)


 


/ /


 


Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).


(d)


 


/ /


 


Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).


(e)


 


/ /


 


An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).


(f)


 


/ /


 


An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).

4




(g)


 


/ /


 


A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G).


(h)


 


/ /


 


A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).


(i)


 


/ /


 


A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).


(j)


 


/ /


 


Group, in accordance with section 240.13d-1(b)(1)(ii)(J).

5


ITEM 4. OWNERSHIP

        Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)   Amount beneficially owned:

 

 

 

 

12,500,000 shares
       
(b)   Percent of class:

 

 

 

 

 
        5.2%, based on 239,799,343 shares outstanding as reported in the Quarterly Report on Form 10-Q filed on November 13, 2001.
       
(c)   Number of shares as to which such person has:
         
    (i)   Sole power to vote or to direct the vote

 

 

 

 

12,500,000*†
       
    (ii)   Shared power to vote or to direct the vote

 

 

 

 

 
        0
       
    (iii)   Sole power to dispose or to direct the disposition of

 

 

 

 

12,500,000
       
    (iv)   Shared power to dispose or to direct the disposition of

 

 

 

 

0
       

        * In a public offering completed on October 9, 2001, Hynix sold 23,329,843 shares of Maxtor Common Stock to the underwriters named in the final prospectus filed October 4, 2001 (the "S-3 Offering"). Simultaneously with the closing of the S-3 Offering, Maxtor repurchased 5,000,000 shares of its Common Stock from Hynix (the "Maxtor Repurchase") pursuant to the terms of the Option to Purchase Shares of Stock between Hynix and Maxtor dated May 24, 2001. The sale of shares of Maxtor Common Stock in the S-3 Offering and the Maxtor Repurchase reduced Hynix' beneficial ownership to 12,500,000 shares of Maxtor Common Stock.

        † In a public offering completed on February 9, 1999, DECS Trust IV, a Delaware business trust (the "Trust"), sold 12,500,000 DECS. DECS are securities that represent all of the beneficial interest in the Trust, which owns U.S. Treasury Securities and a prepaid forward contract (the "Contract") with Hynix for the purchase of up to 12,500,000 shares of Maxtor Common Stock owned by Hynix. Pursuant to the terms of the Contract, Hynix has granted the Trust a security interest in 12,500,000 shares of Maxtor Common Stock. On or about February 15, 2002, or upon earlier liquidation of the Trust in certain circumstances, the Trust will distribute the shares of Maxtor Common Stock owned by Hynix subject to the Contract to holders of the DECS. However, unless and until Hynix distributes the shares of Maxtor Common Stock to the Trust, Hynix will retain beneficial ownership of such shares. The Contract provides that Hynix may deliver fewer shares of Maxtor Common Stock or choose to settle its obligations under the DECS in cash. Hynix presently intends to deliver 12,500,000 shares of Maxtor Common Stock upon termination of the Trust, at which point Hynix will not beneficially own any shares of Maxtor Common Stock.

6



ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

        Upon Hynix' delivery of the 12,500,000 shares of Maxtor Common Stock to the Trust, Hynix will cease to be the beneficial owner of any shares of Maxtor Common Stock.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

        Not applicable

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON

        Not applicable

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

        Not applicable

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

        Not applicable

ITEM 10. CERTIFICATION

        Not applicable.

7



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.

Date:    February 11, 2002 HYNIX SEMICONDUCTOR AMERICA INC.


 

 

 

Signature:

/s/ Halfred M. Hofherr
       
Halfred M. Hofherr
Secretary

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