424B3 1 d424b3.htm FILED PURSUANT TO RULE 424(B)(3) Filed Pursuant to Rule 424(b)(3)

 

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-84698

 

Prospectus Supplement Dated February 5, 2003

(To Prospectus filed on May 21, 2002)

 

LOGO

 

BROCADE COMMUNICATIONS SYSTEMS, INC.

 

PROSPECTUS

 

$550,000,000

(aggregate principal amount)

 

2% Convertible Subordinated Notes Due 2007 and the

Common Stock Issuable Upon Conversion of the Notes

 

This Prospectus Supplement, together with the Prospectus listed above, is to be used by certain holders of the above-referenced securities or by their transferees, pledges, donees or their successors in connection with the offer and sale of the above referenced securities.

 

The table captioned “Selling Securityholders” commencing on page 40 of the Prospectus is hereby amended to reflect the following additions and changes:

 

Name (1)


    

Principal Amount at Maturity of Notes

Beneficially Owned That May Be Sold


    

Percentage

of Notes

Outstanding


      

Number of Shares of Common Stock That May Be Sold(2)


    

Percentage of

Common Stock

Outstanding(3)


MSD TCB, L.P.

    

$

26,500,000

    

4.82

%

    

605,714

    

*


 *   Less than 1%.

 

(1)   Also includes any sale of the notes and the underlying common stock by pledgees, donees, transferees or other successors in interest that receive such securities by gift, partnership distribution or other non-sale related transfer from the named selling securityholders.

 

(2)   Assumes conversion of all of the holder’s notes at a conversion price of approximately $43.75 per share of common stock. However, this conversion price is subject to adjustment as described under “Description of Notes—Conversion of Notes.” As a result, the amount of common stock issuable upon conversion of the notes may increase or decrease in the future.

 

(3)   Calculated based on Rule 13d-3(d)(i) of the Exchange Act using 235,434,404 shares of common stock outstanding as of December 20, 2002. In calculating this amount, we treated as outstanding the number of shares of common stock issuable upon conversion of all of that particular holder’s notes. However, we did not assume the conversion of any other holder’s notes.