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

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Page 9 of 10 SEC Filing
 
(c) There have been no transactions by or on behalf of the Reporting Persons in the class of securities reported on that were effected within the past 60 days.
 
(d) The disclosure regarding the relationships among the Reporting Persons in Item 2(c) of this Schedule 13D is incorporated by reference herein.  Certain feeder funds that are limited partners of TBC Master have the right to receive dividends from, and proceeds from, the sale of securities of the Issuer directly held by TBC Master.
 
(e)  Not applicable.
 
ITEM 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
TBC Master purchased options to purchase 3,100,000 shares of Common Stock with a strike price of $11, which expire on June 17, 2016. TBC Master also purchased options to purchase 3,500,000 shares of Common Stock with a strike price of $12, which expire on June 17, 2016. TBC Master sold options to purchase 3,100,000 shares of Common Stock with a strike price of $13, which expire on June 17, 2016. TBC Master also sold options to purchase 3,500,000 shares of Common Stock with a strike price of $14, which expire on June 17, 2016.
Except for the arrangements described herein, to the best knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any other person with respect to any securities of the Issuer, including but not limited to, transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.
ITEM 7.
Material to Be Filed as Exhibits.
 
Exhibit
  
Description
   
99.1
  
Agreement Regarding the Joint Filing of Schedule 13D by and among the Reporting Persons.
 
 
 
 
 
 
 

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