-----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, FAEFwtfCyp38Eta4K7Qvb5dlZ1RvYFzvIAJB+XuFfkUpAi9OQiCzeoPP2D51H/nO xaYNVPJZ9N8mDvvvrlMASg== 0000950103-01-501117.txt : 20010627 0000950103-01-501117.hdr.sgml : 20010627 ACCESSION NUMBER: 0000950103-01-501117 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VITESSE SEMICONDUCTOR CORP CENTRAL INDEX KEY: 0000880446 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770138960 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-38782 FILM NUMBER: 1667916 BUSINESS ADDRESS: STREET 1: 741 CALLE PLANO CITY: CAMARILLO STATE: CA ZIP: 93012 BUSINESS PHONE: 8053883700 MAIL ADDRESS: STREET 1: 741 CALLE PLANO CITY: CAMARILLO STATE: CA ZIP: 93012 424B3 1 jun2601_424b3.htm VITESSE SEMICONDUCTOR 424B3
PROSPECTUS SUPPLEMENT
TO PROSPECTUS DATED SEPTEMBER 8, 2000
FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 333-38782


$720,000,000

VITESSE SEMICONDUCTOR CORPORATION
4.00% CONVERTIBLE SUBORDINATED DEBENTURES DUE 2005
AND THE COMMON STOCK ISSUABLE UPON
CONVERSION OF THE DEBENTURES



        This prospectus supplement relates to the resale by the selling securityholders of 4.00% convertible subordinated debentures due 2005 of Vitesse Semiconductor Corporation and the common stock issuable upon conversion of the debentures.

        This prospectus supplement should be read in conjunction with the prospectus dated September 8, 2000, which is to be delivered with this prospectus supplement. All capitalized terms used but not defined in the prospectus supplement shall have the meanings given them in the prospectus.

        The table below sets forth information as of the date hereof concerning beneficial ownership of the debentures of the selling securityholders as listed below. All information concerning beneficial ownership has been furnished by the selling securityholders.

Name

Principal amount of
debentures
beneficially owned
that may be sold
hereby

Percentage of
debentures
outstanding

Number of shares
of common stock
that may be sold
hereby (1)

Percentage of
common stock
outstanding (2)

Evergreen VA Growth & Income Fund 200,000 ** 1,783 **
Evergreen Growth & Income Fund 3,775,000 ** 33,649 **
Evergreen U.S. Growth & Income Fund 25,000 ** 223 **
Transamerica Premier High Yield Fund 1,500,000 ** 13,370 **
Lexington Vantage Fund 100,000 ** 891 **
Zurich Institutional Benchmarks Master Fund Limited 100,000 ** 891 **
Lehman Brothers Inc. 23,000,000 3% 205,014 **
Oppenheimer Convertible Securities Fund 1,000,000 ** 8,914 **
TQA Master Fund, Ltd. 2,200,000 ** 19,610 **
LDG Limited 250,000 ** 2,228 **
Goldman Sachs and Company 505,000 ** 4,501 **

________________________

**Less than 1%

  1. Assumes conversion of all of the holders's debentures at a conversion price of $112.1875 per share of common stock. However, this conversion price will be subject to adjustment as described under "Description of Debentures-Conversion." As a result, the amount of common stock issuable upon conversion of the debentures may increase or decrease in the future.

  2. Calculated based on Rule 13d-3 under the Exchange Act using 183,346,511 shares of common stock outstanding as of April 30, 2001. 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 debentures. However, we did not assume the conversion of any other holder's debentures.





THE SECURITIES OFFERED HEREBY INVOLVE A HIGH DEGREE OF RISK. SEE "RISK
FACTORS" BEGINNING ON PAGE 6 OF THE PROSPECTUS.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY
IS A CRIMINAL OFFENSE.





The date of this Prospectus Supplement is June 26, 2001.
-----END PRIVACY-ENHANCED MESSAGE-----