UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 9)*

ON Semiconductor Corporation


(Name of Issuer)

 

Common Stock, par value $0.01 per share


(Title of Class of Securities)

 

682189 10 5


(CUSIP Number)

 

Clive D. Bode

Vice President
Texas Pacific Group

301 Commerce Street, Suite 3300

Fort Worth, TX 76102

(817) 871-4000


(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

December 6, 2006


(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d -1(e), 240.13d -1(f) or 240.13d -1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d -7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

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CUSIP No. 682189 10 5

 

 

 

1

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


TPG ON Holdings LLC

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) o

(b) o

 

3

 

SEC USE ONLY

4

SOURCE OF FUNDS*

Not applicable

5

 

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES

BENEFICIALLY
OWNED BY

EACH REPORTING

PERSON
WITH 

7

SOLE VOTING POWER

 -0-

8

SHARED VOTING POWER

33,946,715 (See Items 4 and 5)

9

SOLE DISPOSITIVE POWER

 -0-

10

SHARED DISPOSITIVE POWER

33,946,715 (See Items 4 and 5)

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

33,946,715 (See Items 4 and 5)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*                            x

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

10.4% (See Items 4 and 5)

14

TYPE OF REPORTING PERSON*

OO (Limited Liability Company)

 

 

 

 

 

 

 

 

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CUSIP No. 682189 10 5

 

 

 

1

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


TPG Semiconductor Holdings LLC

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) o

(b) o

 

3

 

SEC USE ONLY

4

SOURCE OF FUNDS*

Not applicable

5

 

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF SHARES

7

SOLE VOTING POWER

-0-

BENEFICIALLY OWNED BY
EACH REPORTING

8

SHARED VOTING POWER

71,224,860 (See Items 4 and 5)

PERSON
WITH

9

SOLE DISPOSITIVE POWER

-0-

 

10

SHARED DISPOSITIVE POWER

71,224,860 (See Items 4 and 5)

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

71,224,860 (See Items 4 and 5)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

21.9% (See Items 4 and 5)

14

TYPE OF REPORTING PERSON*

OO (Limited Liability Company)

 

 

 

 

 

 

 

 

 

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Except as specifically amended and supplemented by this Amendment No. 9, all other provisions of the Schedule 13D filed by TPG ON Holdings LLC (“ON Holdings”) on September 17, 2001 (the “Original Schedule 13D”), as amended and supplemented by Amendment No. 1, filed on February 10, 2004 by ON Holdings (“Amendment No. 1”), Amendment No. 2, filed on November 15, 2005 (“Amendment No. 2”) by ON Holdings and TPG Semiconductor Holdings LLC (“TPG Semi” and, together with ON Holdings, the “Reporting Persons”), Amendment No. 3, filed on November 22, 2005 by the Reporting Persons, (“Amendment No. 3”), Amendment No. 4, filed on June 23, 2006 by the Reporting Persons (“Amendment No. 4”), Amendment No. 5, filed on August 11, 2006 by the Reporting Persons (“Amendment No. 5”), Amendment No. 6, filed on September 6, 2006 by the Reporting Persons (“Amendment No. 6”), Amendment No. 7, filed on September 19, 2006 by the Reporting Persons (“Amendment No. 7”) and Amendment No. 8, filed on October 18, 2006 by the Reporting Persons (“Amendment No. 8” and, together with the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6 and Amendment No. 7, the “Schedule 13D”), remain in full force and effect. Capitalized terms used herein and not otherwise defined shall have the same meanings ascribed to them in the Schedule 13D.

 

Item 4. 

Purpose of Transaction. 

 

This Amendment No. 9 supplements Item 4 of the Schedule 13D by inserting the following paragraph immediately before the second to last paragraph of Item 4 of the Schedule 13D:

 

 

“Pursuant to the 10b5-1(c)(1) trading plan described in Amendment No. 4, ON Holdings and TPG Semi sold an aggregate of 3,385,930 and 7,104,131 shares, respectively, at an average price of $6.8954 per share during the period commencing on October 18, 2006 and ending December 7, 2006.

 

As of December 7, 2006, ON Holdings and TPG Semi completed the sale of all shares covered by the 10b5-1(c)(1) trading plan entered into on June 22, 2006 and described in Amendment No. 4 to the Schedule 13D.”

 

 

Item 5.

Interest in Securities of the Issuer.

 

This Amendment No. 9 amends and restates Item 5(a) of the Schedule 13D as set forth below:

 

 

 

“(a) 

ON Holdings may be deemed to beneficially own 33,946,715 shares of Common Stock, representing in the aggregate approximately 10.4% of the outstanding shares of Common Stock. 

 

 

 

 

 

 

 

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TPG Semi may be deemed to beneficially own 71,224,860 shares of Common Stock, representing in the aggregate approximately 21.9% of the outstanding shares of Common Stock. 

 

 

 

 

The Reporting Persons, collectively and individually, may be deemed to beneficially own 105,171,575 shares of Common Stock, representing in the aggregate approximately 32.3% of the outstanding shares of Common Stock. 

 

 

 

The foregoing percentage calculations are based on a total of 325,435,623 shares of Common Stock outstanding as of October 20, 2006 as set forth in the Quarterly Report on Form 10-Q filed by the Company with the Commission on October 30, 2006.”

 

 

 

 

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

December 11, 2006

 

TPG ON Holdings LLC

 

 

 

By: /s/ Clive D. Bode         

 

Name: Clive D. Bode

Title: Vice President

 

 

 

 

 

TPG Semiconductor Holdings LLC

 

 

 

By: /s/ Clive D. Bode        

 

Name: Clive D. Bode

Title: Vice President

 

 

 

 

 

 

 

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