Cypress Semiconductor Corp (CY): Three Bays Capital Surges Position

Page 7 of 10

Page 7 of 10 SEC Filing
Schedule 13D
ITEM 1.
Security and Issuer.
 
The class of equity security to which this statement on Schedule 13D relates is the common stock, par value $0.01 per share (the “Common Stock”) of Cypress Semiconductor Corporation (the “Issuer”).  The address of the principal executive offices of the Issuer is 198 Champion Court, San Jose, California 95134.  
Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.
 
ITEM 2.
Identity and Background.
 
a)   The Reporting Persons are:
 
1.    Three Bays Capital LP (“Three Bays Capital”)
2.    TBC GP LLC (“TBC GP”)
3.    TBC Master LP (“TBC Master”)
4.    TBC Partners GP LLC (“TBC Partners GP”)
5.    Matthew Sidman
 
(b)  The address for each of the Reporting Persons (except TBC Master) is:
c/o Three Bays Capital LP
222 Berkeley Street, 19th Floor
Boston, Massachusetts 02116
 
The address for TBC Master is:
 
c/o Morgan Stanley Fund Services (Cayman) Ltd.
Cricket Square
2nd Floor, Boundary Hall
Hutchins Drive
P.O. Box 2681
Grand Cayman KY1-1111
Cayman Islands 
(c)   Each of the Reporting Persons is engaged in the business of investing.  Three Bays Capital’s principal business is serving as investment adviser to certain private investment funds, including TBC Master.  TBC GP’s principal business is serving as the General Partner of Three Bays Capital.  TBC Partners GP’s principal business is serving as the General Partner of TBC Master.  Matthew Sidman’s principal business is serving as the Managing Member of TBC GP and TBC Partners GP.  By virtue of their relationship with TBC Master and/or Three Bays Capital, the investment adviser of TBC Master and each of the Reporting Persons other than TBC Master may be deemed to have voting and investment power over the securities of the Issuer directly held and beneficially owned by TBC Master.
 
(d)  The Reporting Persons have not during the last five years been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
(e)   The Reporting Persons have not during the last five years been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction nor are the Reporting Persons subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 
(f)   The Citizenship of the Reporting Persons is as follows:
 

Follow Cypress Semiconductor Corp (NASDAQ:CY)

Page 7 of 10