-----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, K13LAsSjRzsnGuf5i+Nv+Q1VMObkWeZqTHkczjEegwlhPBMR1YZibT3hzWQ6m+ZS ehPROz5Uyqkq2gTSjWUADQ== 0000903423-08-000380.txt : 20080423 0000903423-08-000380.hdr.sgml : 20080423 20080423195215 ACCESSION NUMBER: 0000903423-08-000380 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080415 FILED AS OF DATE: 20080423 DATE AS OF CHANGE: 20080423 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BONDERMAN DAVID CENTRAL INDEX KEY: 0000860866 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14667 FILM NUMBER: 08772805 BUSINESS ADDRESS: BUSINESS PHONE: 8178714040 MAIL ADDRESS: STREET 1: C/O COSTAR GROUP INC STREET 2: 7475 WISCONSIN AVENUE #600 CITY: BETHESDA STATE: MD ZIP: 20814 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WASHINGTON MUTUAL, INC CENTRAL INDEX KEY: 0000933136 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 911653725 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1301 SECOND AVENUE CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-461-2000 MAIL ADDRESS: STREET 1: 1301 SECOND AVENUE CITY: SEATTLE STATE: WA ZIP: 98101 FORMER COMPANY: FORMER CONFORMED NAME: WASHINGTON MUTUAL INC DATE OF NAME CHANGE: 19941123 3 1 bonderman-wamuf3_0423ex.xml X0202 3 2008-04-15 0 0000933136 WASHINGTON MUTUAL, INC WM 0000860866 BONDERMAN DAVID C/O TPG CAPITAL, L.P. 301 COMMERCE STREET, SUITE 3300 FORT WORTH TX 76102 1 0 0 0 Common Stock, no par value 1240294 D Common Stock, no par value 822857 I See Explanation of Responses Common Stock, no par value 191637 I See Explanation of Responses Common Stock, no par value 45714 I See Explanation of Responses Common Stock, no par value 450 I See Explanation of Responses Series T Preferred Stock 28 I See Explanation of Responses Warrant Series T Preferred Stock I See Explanation of Responses David Bonderman (the "Reporting Person") is an officer, director and shareholder of TPG Advisors VI, Inc., which is the general partner of TPG GenPar VI, L.P., which in turn is the general partner of TPG Partners VI, L.P. ("TPG Partners VI"), which directly owns 822,857 shares of Common Stock of Washington Mutual, Inc. ("Issuer"); 28 shares of Issuer's Series T Contingent Convertible Perpetual Non-Cumulative Preferred Stock ("Series T Preferred Stock"), convertible into 320,000 shares of Issuer's Common Stock, subject to certain conditions and adjustments (see Explanation of Responses (7) below); and a Warrant (the "Warrant" and, together with Common Stock and Series T Preferred Stock, the "Securities"), exchangeable into Series T Preferred Stock, or, subject to certain conditions and adjustments, exercisable to acquire 285,714 shares of Issuer's Common Stock (see Explanation of Responses (8) and (9) below). Because of the Reporting Person's relationship to TPG Partners VI, the Reporting Person may be deemed to beneficially own the Securities directly owned by TPG Partners VI to the extent of the greater of his direct or indirect pecuniary interest in the profits or capital accounts of TPG Partners VI. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any Securities in excess of such amounts. The Reporting Person is a limited partner of Keystone Holdings Partners, L.P. ("KH Partners"). The Reporting Person has been granted voting rights over 191,637 shares of Issuer's Common Stock held in escrow for the benefit of KH Partners. The Reporting Person is the president and sole shareholder of KH Group Management, Inc. ("KH Group"), which in turn is a limited partner of KH Partners. KH Group has been granted voting rights over 45,714 shares of Issuer's Common Stock held in escrow for the benefit of KH Partners. Because of the Reporting Person's relationship to KH Partners and KH Group, the Reporting Person may be deemed to beneficially own such shares of Common Stock held in escrow for the benefit of KH Partners, over which voting rights have been distributed to each of the Reporting Person and KH Group, to the extent of the greater of his direct or indirect pecuniary interest in KH Group and the profits or capital accounts of KH Partners. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any Common Stock in excess of such amounts. The Reporting Person is both a limited partner of Bonderman Family, L.P. ("Family Partnership") and the sole shareholder of an entity which in turn is the general partner of Family Partnership. 450 shares of Issuer's Common Stock are directly held by Family Partnership. Because of the Reporting Person's relationship to Family Partnership, he may be deemed to beneficially own the Common Stock directly owned by Family Partnership to the extent of the greater of his direct or indirect pecuniary interest in the profits or capital accounts of Family Partnership. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any Common Stock in excess of such amounts. Series T Preferred Stock will automatically convert into Issuer's Common Stock at an initial conversion price of $8.75 per share on the final day of any calendar quarter in which Issuer and/or the holders of Series T Preferred Stock receive certain regulatory and shareholder approvals (the "Conversion Approval Condition"). The conversion price will be reduced by $0.50 on each six-month anniversary of the original issue date of Series T Preferred Stock if the shareholder approval has not been obtained prior to such anniversary (subject to a maximum reduction of $2.00). The conversion price is subject to certain full-ratchet anti-dilution provisions and other customary anti-dilution provisions, as specified in the relevant Articles of Amendment to Issuer's Amended and Restated Articles of Incorporation and the investment agreement pursuant to which Series T Preferred Stock was acquired. As of the date hereof, the Conversion Approval Condition has not been satisfied. At any time prior to the receipt of certain regulatory and shareholder approvals (the "Exercise Approval Condition"), the Warrant can be exchanged into a number of shares of Series T Preferred Stock equal to (i) the value of the Warrant based on the higher of its (A) fair market value and (B) option value calculated using a Black-Scholes methodology divided by (ii) the lower of (A) $100,000 and (B) the fair market value of a share of Series T Preferred Stock, as specified in the relevant Certificate of Warrant. Upon satisfaction of the Exercise Approval Condition, the Warrant can be exercised at any time, in whole or in part, until the fifth anniversary of its issuance, to purchase Issuer's Common Stock at a price per share equal to the lower of (i) an amount equal to 115% of the average market price of Issuer's Common Stock during the five trading days following the public announcement of the financial results of the Company's quarter ended March 31, 2008 and (ii) $10.06. The exercise price will be reduced by $0.50 on each six-month anniversary of the original issue date of the Warrant if the shareholder approval has not been obtained prior to such anniversary (subject to a maximum reduction of $2.00). The exercise price is subject to certain full-ratchet anti-dilution provisions and other customary anti-dilution provisions, as specified in the relevant Certificate of Warrant. As of the date hereof, the Exercise Approval Condition has not been satisfied. (10) Casey M. Nault is signing on behalf of Mr. Bonderman pursuant to a power of attorney dated April 12, 2008 which is filed as an exhibit herewith. /s/ Casey M. Nault, Attorney-in-Fact (10) 2008-04-23 EX-24 2 bondermanpoa08_0423.txt POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints each of Sophie Hager Hume, Christopher J. Bellavia, and Casey Nault signing singly, with full power of substitution, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of Washington Mutual, Inc. (the "Company"), Forms 3, 4, and 5 and Form ID in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, or Form ID, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of April 12, 2008. /s/ David Bonderman Signature David Bonderman Print Name -----END PRIVACY-ENHANCED MESSAGE-----