-----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, Mp8nejYkBVg1dvDRK/PytYcgx7jGoGOcCq/QgfzqOZ7wIFwTUS8mEWqzpoExzq8h 7qAFoNd4yzV0v4uxuKP7mg== 0000891618-99-003425.txt : 19990809 0000891618-99-003425.hdr.sgml : 19990809 ACCESSION NUMBER: 0000891618-99-003425 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NETWORKS ASSOCIATES INC/ CENTRAL INDEX KEY: 0000890801 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 770316593 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-51897 FILM NUMBER: 99676287 BUSINESS ADDRESS: STREET 1: 3963 FREEDOM CIRCLE CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4083463832 MAIL ADDRESS: STREET 1: 3963 FREEDOM CIRCLE CITY: SANTA CLARA STATE: CA ZIP: 95054 FORMER COMPANY: FORMER CONFORMED NAME: MCAFEE ASSOCIATES INC DATE OF NAME CHANGE: 19930328 424B3 1 PROSPECTUS SUPPLEMENT NO. 11 1 PROSPECTUS SUPPLEMENT NO. 11 FILED PURSUANT TO RULE 424(b)(3) TO PROSPECTUS DATED MAY 6, 1998 REGISTRATION NO. 333-51897 $885,500,000 NETWORKS ASSOCIATES, INC. ("NETWORK ASSOCIATES") ZERO COUPON CONVERTIBLE SUBORDINATED DEBENTURES DUE 2018 This Prospectus Supplement relates to the resale by the holders (the "Selling Securityholders") of Zero Coupon Convertible Subordinated Debentures due 2018 (the "Debentures") of Network Associates and the shares of our Common Stock, par value of $.001 per share (the "Common Stock"), issuable upon the conversion of the Debentures (the "Conversion Shares"). You should read this Prospectus Supplement in conjunction with the Prospectus dated May 6, 1998, which was delivered with this Prospectus Supplement. This Prospectus Supplement No. 11 amends and restates all earlier Prospectus Supplements. All capitalized terms used herein but not defined in the Prospectus Supplement shall have the meanings given them in the Prospectus. The following table sets forth information as of the date hereof concerning beneficial ownership of the Debentures of the Selling Securityholders listed below. All information concerning beneficial ownership has been furnished by the Selling Securityholders.
Principal Amount Percentage of Number of Percentage of of Notes Notes Conversion Shares Common Stock Name That May Be Sold Outstanding That May BeSold(1) Outstanding(2) ---- ---------------- ----------- ------------------ -------------- Allstate Insurance Company $ 4,500,000 * 38,421 * Argent Classic Convertible $10,000,000 1.1% 85,380 * Arbitrage Fund (Bermuda) L.P. Associated Electric & Gas $ 2,000,000 * 17,076 * Insurance Services Limited Banc of America Securities, $ 140,000 * 1,195 * LLC Bankers Trust Trustee for $ 5,300,000 * 45,251 * Chrysler Corp. Emp. #1 Pension Plan dated 4/1/89 Boston College $ 205,000 * 1,750 * BS Debt Income Fund - $ 20,000 * 170 * Class A BT Alex. Brown $ 8,500,000 * 72,573 * Incorporated BZW Securities Limited $17,500,000 2% 149,415 * Calamos Convertible Fund $ 2,400,000 * 20,491 * California Public $14,500,000 1.6% 123,801 * Employees' Retirement System
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Principal Amount Percentage of Number of Percentage of of Notes Notes Conversion Shares Common Stock Name That May Be Sold Outstanding That May Be Sold(1) Outstanding(2) ---- ---------------- ----------- ------------------- -------------- Champion International $ 2,100,000 * 17,929 * Corporation Master Retirement Trust Chase Manhattan NA $ 9,030,000 1% 77,098 * Trustee for IBM Retirement Plan Chrysler Corporation $ 5,775,000 * 49,306 * Master Retirement Trust Credit Suisse First Boston $ 3,000,000 * 25,614 * Corporation Delta Air Lines Master $ 3,830,000 * 32,700 * Trust Deutsche Bank Securities $25,040,000 2.8% 213,791 * Inc. Donaldson Lufkin & $ 3,550,000 * 30,309 * Jenrette Securities Corp. The Dow Chemical $ 3,600,000 * 30,736 * Company Employees' Retirement Plan Fiduciary Trust Co. $ 1,000,000 * 8,538 * International The Fondren Foundation $ 140,000 * 1,195 * Franklin and Marshall $ 410,000 * 3,500 * College General Motors Employees $27,710,000 3.1% 236,587 * Domestic Group Pension Trust General Motors Foundation $ 1,160,000 * 9,904 * Goldman Sachs & Company $ 5,080,000 * 43,373 * GPZ Trading LLC $ 3,000,000 * 25,614 * JP Morgan Securities Inc. $ 8,120,000 * 69,328 * Kettering Medical Center $ 165,000 * 1,408 * Funded Depreciation Account LDG Limited $ 750,000 * 6,403 * McMahan Securities $ 100,000 * 853 * Company, L.P. McMahan Securities $ 220,000 * 1,878 * Company, L.P.
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Principal Amount Percentage of Number of Percentage of of Notes Notes Conversion Shares Common Stock Name That May Be Sold Outstanding That May Be Sold(1) Outstanding(2) ---- ---------------- ----------- ------------------- -------------- Merrill Lynch Pierce Fenner $18,000,000 2.0% 153,684 * & Smith Inc. The Minnesota Mutual Life $ 4,500,000 * 38,421 * Insurance Company Molton-Arms School $ 50,000 * 426 * Pooled Investment Fd 71035 Morgan Stanley Dean $ 5,000,000 * 42,690 * Witter Motors Insurance $ 7,280,000 * 62,156 * Corporation NationsBanc Montgomery $17,750,000 * 151,549 * Securities LLC New Hampshire Retirement $ 1,100,000 * 9,391 * System New York Life Insurance $28,000,000 3.1% 239,064 * Company New York Life Insurance & $ 8,500,000 * 72,573 * Annuity Corporation OCM Convertible Trust $ 9,205,000 1.0% 78,592 * Parker-Hannifin $ 280,000 * 2,390 * Corporation Partner Reinsurance $ 550,000 * 4,695 * Company Ltd. Port Authority of Allegheny $ 2,500,000 * 21,345 * County Retirement and Disability Allowance Plan for the Employees Represented by Local 85 of the Amalgamated Transit Union ProMutual $ 950,000 * 8,111 * Putnum Balanced $ 500,000 * 4,269 * Retirement Fund Putnum Convertible $ 9,500,000 1% 81,111 * Income-Growth Trust Putnum Convertible $500,00 * 4,269 * Opportunities and Income Trust
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Principal Amount Percentage of Number of Percentage of of Notes Notes Conversion Shares Common Stock Name That May Be Sold Outstanding That May Be Sold(1) Outstanding(2) ---- ---------------- ----------- ------------------- -------------- Putnum Funds Trust - $ 90,000 * 768 * Putnum High Yield Total Return Fund Raytheon Company Master $ 2,865,000 * 24,461 * Pension Trust Rhone-Poulene Rorer $ 280,000 * 2,390 * Pension Plan RJR Nabisco, Inc. Defined $ 1,500,000 * 12,807 * Benefit Master Trust Salomon Smith Barney, Inc. $ 7,000,000 * 59,766 * SBC Warburg Dillon Read $ 7,000,000 * 59,766 * Inc. Societe Generale Securities $ 1,000,000 * 8,538 * Corp. SPT $700,00 * 5,976 * State Employees Retirement $ 2,060,000 * 17,588 * Plan of the State of Delaware State of Connecticut $ 7,465,000 * 63,736 * Combined Investment Funds State Street Bank Custodian $ 2,810,000 * 23,991 * for GE Pension Trust Strong Total Return Fund, $ 7,500,000 * 64,035 * Inc. Swiss Bank Corporation- $20,000,000 2.2% 170,760 * London Branch Toronto Dominion (New $12,500,000 * 106,725 * York), Inc. TQA Leverage Fund, L.P. $ 1,500,000 * 12,807 * TQA Vantage Fund, Ltd. $ 6,000,000 * 51,228 * TQA Vantage Plus Fund, $ 750,000 * 6,403 * Ltd. Unifi, Inc. Profit Sharing $ 335,000 * 2,860 * Plan and Trust United Food and $ 900,000 * 7,684 * Commercial Workers Local 1262 and Employees Pension Fund
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Principal Amount Percentage of Number of Percentage of of Notes Notes Conversion Shares Common Stock Name That May Be Sold Outstanding That May Be Sold(1) Outstanding(2) ---- ---------------- ----------- ------------------- -------------- Univar Corporation $ 660,000 * 5,635 * University of Rochester $ 220,000 * 1,878 * Vanguard Convertible $ 5,330,000 * 45,507 * Securities Fund, Inc. Warburg Dillon Read LLC $15,000,000 1.6% 128,070 * Weyerhauser Convertible $ 5,200,000 * 44,397 * Arbitrage Fund
- ------------ * Less than 1% (1) Assumes conversion of the full amount of Debentures held by such holder at the adjusted conversion rate of 8.538 shares of Common Stock per $1000 principal amount of Debentures. This conversion rate was adjusted for the 3-for-2 stock split on May 12, 1998, and remains subject to adjustment as described under "Description of Debentures -- Conversion of Debentures." Accordingly, the number of shares of Common Stock issuable upon conversion of the Notes may increase or decrease from time to time. Under the terms of the Indenture, fractional shares will not be issued upon conversion of the Notes; cash will be paid in lieu of fractional shares, if any. (2) Computed in accordance with Rule 13d-3(d)(i) promulgated under the Exchange Act and based upon 138,878,193 shares of Common Stock outstanding as of June 15, 1999, treating as outstanding the number of Conversion Shares shown as being issuable upon the assumed conversion by the named holder of the full amount of such holder's Debentures but not assuming the conversion of the Debentures of any other holder. ---------- INVESTING IN NETWORK ASSOCIATES DEBENTURES INVOLVES RISKS. SEE "RISK FACTORS" BEGINNING ON PAGE 7 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 COMMIS- SION 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 August 2, 1999. -----END PRIVACY-ENHANCED MESSAGE-----