UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 13)*

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)

 

May 7, 2007


(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

1,238,000 (See Items 4 and 5)

9

SOLE DISPOSITIVE POWER

 -0-

10

SHARED DISPOSITIVE POWER

1,238,000 (See Items 4 and 5)

 

 

 

 

 

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11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,238,000 (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)

0.4% (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

BENEFICIALLY
OWNED BY

EACH REPORTING

PERSON
WITH 

7

SOLE VOTING POWER

 -0-

8

SHARED VOTING POWER

 -0- (See Items 4 and 5)

9

SOLE DISPOSITIVE POWER

 -0-

10

SHARED DISPOSITIVE POWER

 -0- (See Items 4 and 5)

 

 

 

 

 

4

 

 

 



 

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 -0- (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)

0.0% (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. 13, 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”), Amendment No. 8, filed on October 18, 2006 by the Reporting Persons (“Amendment No. 8”), Amendment No. 9, filed on December 11, 2006 by the Reporting Persons (“Amendment No. 9”), Amendment No. 10, filed on December 28, 2006 by the Reporting Persons (“Amendment No.10”), Amendment No. 11 filed on December 29, 2006 (“Amendment No. 11”) and Amendment No. 12, filed on February 8, 2007 by the Reporting Persons (such Amendment, together with the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, Amendment No. 8, Amendment No. 9, Amendment No. 10 and Amendment No. 11, 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. 13 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:

 

 

Underwriting Agreement.

 

On May 7, 2007, the Reporting Persons entered into an Underwriting Agreement (the "Underwriting Agreement") with Lehman Brothers Inc. (the "Underwriter"), in connection with a public offering of Common Stock by the Reporting Persons pursuant to a Registration Statement on Form S-3 (No. 333-114045) under the Securities Act of 1933, as amended. Pursuant to the Underwriting Agreement, the Reporting Persons agreed to sell 49,184,272 shares of Common Stock to the Underwriter at a price of $11.045 per share.

 

Item 5. 

Interest in Securities of the Issuer.

   

 

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

 

 

 

 

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“(a) 

ON Holdings may be deemed to beneficially own 1,238,000 shares of Common Stock, representing in the aggregate approximately 0.4% of the outstanding shares of Common Stock. 

 

 

 

 

 

TPG Semi may no longer be deemed to beneficially own any shares of Common Stock. 

 

 

 

 

 

The Reporting Persons, collectively and individually, may be deemed to beneficially own 1,238,000 shares of Common Stock, representing in the aggregate approximately 0.4% of the outstanding shares of Common Stock. 

 

 

 

 

 

The foregoing percentage calculations are based on a total of 293,502,772 shares of Common Stock outstanding as of April 30, 2007 as set forth in the Prospectus Supplement filed by the Company with the Commission on May 9, 2007.”

 

 

“(e)

On May 7, 2007, the Reporting Persons ceased to the beneficial owners of more than five percent of the class of securities reported herein.”

 

Item 7.

 

This Amendment No. 13 amends Item 7 of the Schedule 13D by adding Exhibit 18, as set forth below:

 

 

“Exhibit 18.

 

Underwriting Agreement, dated May 7, 2007, between the Reporting Persons and Lehman Brothers Inc. (incorporated by reference from Exhibit 1.1 to the ON Semiconductor Corporation Form 8-K filed on May 9, 2007).

 

 

 

 

 

 

 

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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.

May 9, 2007

 

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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