424B3 1 d424b3.htm PROSPECTUS SUPPLEMENT NO. 3 (TO PROSPECTUS DATED DECEMBER 19, 2007) Prospectus Supplement No. 3 (To Prospectus Dated December 19, 2007)

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-148186

PROSPECTUS SUPPLEMENT NO. 3

(To Prospectus Dated December 19, 2007)

POWERWAVE TECHNOLOGIES, INC.

$150,000,000

3.875% Convertible Subordinated Notes Due 2027 and

17,221,590 Shares of Common Stock Issuable Upon Conversion of the Notes

This prospectus supplement supplements information contained in that certain prospectus dated December 19, 2007 of Powerwave Technologies, Inc. (the “Company”), relating to the offer and sale from time to time of up to $150,000,000 of the Company’s 3.875% Convertible Subordinated Notes due 2027, or the notes, and 17,221,590 shares of the Company’s outstanding common stock that are issuable upon conversion of the notes, which are held by certain securityholders named in the prospectus under the section entitled “Selling Securityholders”. This prospectus supplement is not complete without, and may not be delivered or utilized except in connection with, the prospectus, including any amendments or supplements thereto.

The following table amends and supplements the information set forth in the prospectus under the section entitled “Selling Securityholders” with respect to the selling securityholders named below and the respective notes and shares of common stock beneficially owned by such selling securityholders that may be offered pursuant to the prospectus:

 

Selling Securityholder

    Principal Amount of
Notes Beneficially Owned
and Offered Hereby		    Number of Shares of Common Stock
      Beneficially
Owned (1)(2)		    Offered
Hereby (1)

ACE Tempest Reinsurance Ltd.

    $ 780,000    89,552    89,552

Arlington County Employees Retirement System

    $ 530,000    60,850    60,850

Basso Fund Ltd.

    $ 30,000    3,444    3,444

Basso Holdings Ltd.

    $ 630,000    72,331    72,331

Basso Multi-Strategy Holding Fund Ltd.

    $ 340,000    39,036    39,036

Chrysler LLC Master Retirement Trust

    $ 1,950,000    223,881    223,881

DBAG London (4)

    $ 4,875,000    559,702    559,702

Delaware Public Employees Retirement System

    $ 1,950,000    223,881    223,881

Delta Airlines Master Trust- CV

    $ 495,000    56,831    56,831

Delta Pilots Disability & Survivorship Trust- CV

    $ 410,000    47,072    47,072

Deutsche Bank Securities, Inc. (3)

    $ 3,175,000    364,524    364,524

F.M. Kirby Foundation, Inc.

    $ 595,000    68,312    68,312

International Truck & Engine Corporation Non-Contributory Retirement Plan Trust

    $ 340,000    39,036    39,036

International Truck & Engine Retiree Health Benefit Trust

    $ 200,000    22,962    22,962

International Truck & Engine Retirement Plan for Salaried Employees

    $ 185,000    21,240    21,240

Microsoft Capital Group, L.P.

    $ 345,000    39,610    39,610

National Railroad Retirement Investment Trust

    $ 1,865,000    214,122    214,122

OCM Convertible Master Trust

      1,090,000    125,144    125,144

OCM Global Securities

    $ 275,000    31,573    31,573

Quest Occupational Health Trust

    $ 235,000    26,980    26,980

Quest Pension Trust

    $ 1,715,000    196,900    196,900

Trust for the Defined Benefit Plans of ICI American Holdings, Inc.

    $ 300,000    34,443    34,443

UnumProvident Corporation

    $ 570,000    65,442    65,442

Vanguard Convertible Securities Fund, Inc.

    $ 5,780,000    663,605    663,605

Virginia Retirement System

    $ 3,480,000    399,541    399,541

 

(1) Includes shares of Common Stock issuable upon conversion of Notes, assuming conversion of all the named selling securityholder’s Notes at the initial conversion rate of 114.8106 shares of Common Stock per $1,000 principal amount at maturity of the Notes. This conversion rate is subject to adjustment, however, as described under “Description of Notes – Conversion Rights – Adjustments to Conversion Rate.” As a result, the number of shares of Common Stock issuable upon conversion of the Notes beneficially owned and offered by the named selling securityholder may increase or decrease in the future.
(2) In addition to shares of Common Stock issuable upon conversion of the Notes as described in footnote (1), also includes shares of Common Stock identified to us by the selling securityholder as owned by it.
(3) The selling securityholder is a broker-dealer.
(4) The selling securityholder is an affiliate of a broker-dealer.

The date of this prospectus supplement is March 25, 2008.

 

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