Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 9)*

 

 

VMware, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

928563402

(CUSIP Number)

Karen M. King, Esq.

Silver Lake

2775 Sand Hill Road, Suite 100

Menlo Park, CA 94025

(650) 233-8120

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

With copies to:

Richard Capelouto, Esq.

Simpson Thacher & Bartlett LLP

2475 Hanover Street

Palo Alto, California 94304

(650) 251-5000

September 14, 2017

(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.  ☐

 

 

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 persons 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, as amended (the Exchange 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. 928563402

1.		Names of Reporting Persons.   Silver Lake Partners III, L.P.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   PN

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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CUSIP NO. 928563402

1.		Names of Reporting Persons.   Silver Lake Technology Investors III, L.P.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   PN

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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CUSIP NO. 928563402

 

1.		Names of Reporting Persons.   SLP Denali Co-Invest, L.P.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   PN

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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CUSIP NO. 928563402

 

1.		Names of Reporting Persons.   SLP Denali Co-Invest GP, L.L.C.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   OO

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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CUSIP NO. 928563402

 

1.		Names of Reporting Persons.   Silver Lake Technology Associates III, L.P.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   PN

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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CUSIP NO. 928563402

 

1.		Names of Reporting Persons.   SLTA III (GP), L.L.C.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   OO

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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CUSIP NO. 928563402

 

1.		Names of Reporting Persons.   Silver Lake Partners IV, L.P.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   PN

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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CUSIP NO. 928563402

 

1.		Names of Reporting Persons.   Silver Lake Technology Investors IV, L.P.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   PN

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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CUSIP NO. 928563402

 

1.		Names of Reporting Persons.   Silver Lake Technology Associates IV, L.P.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   PN

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

---

CUSIP NO. 928563402

 

1.		Names of Reporting Persons.   SLTA IV (GP), L.L.C.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   OO

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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CUSIP NO. 928563402

 

1.		Names of Reporting Persons.   Silver Lake Group, L.L.C.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
3.		SEC Use Only
4.		Source of Funds (See Instructions)
		OO
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ☐
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   331,114,287(1)
				9.		Sole Dispositive Power   0
				10.		Shared Dispositive Power   331,114,287(1)
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   331,114,287(1)
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐
13.		Percent of Class Represented by Amount in Row (11)   81.5%(1)
14.		Type of Reporting Person (See Instructions)   OO

 

(1)

Includes (i) 31,114,287 shares of Class A Common Stock and (ii) 300,000,000 shares of Class B Common Stock convertible into an equal number of shares of Class A Common Stock at any time. See Item 5. Assumes the conversion of the Class B Common Stock referred to above into shares of Class A Common Stock.

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Explanatory Note

This Amendment No. 9 (the Amendment No. 9) amends the statement on Schedule 13D originally filed by the Reporting Persons on September 19, 2016, as amended by Amendment No. 1 to the Schedule 13D filed on November 7, 2016, Amendment No. 2 to the Schedule 13D filed on December 16, 2016, Amendment No. 3 to the Schedule 13D filed on December 22, 2016, Amendment No. 4 to the Schedule 13D filed on February 15, 2017, Amendment No. 5 to the Schedule 13D filed on March 30, 2017, Amendment No. 6 to the Schedule 13D filed on April 5, 2017, Amendment No. 7 to the Schedule 13D filed on May 10, 2017 and Amendment No. 8 to the Schedule 13D filed on August 24, 2017 (as so amended, the Schedule 13D). The Items below amend the information disclosed under the corresponding Items of the Schedule 13D as described below. Except as specifically provided herein, this Amendment No. 9 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined herein shall have the meanings attributed to them in the Schedule 13D.

The Class A Common Stock of the Issuer reported as beneficially owned in the Schedule 13D is directly held by EMC Corporation (EMC) or its wholly-owned subsidiaries, EMC Equity Assets LLC (EMC Sub) and VMW Holdco LLC (VMW Holdco). EMC is a wholly-owned subsidiary of Dell Inc., which is indirectly wholly-owned by Dell Technologies Inc. (Dell Technologies). Dell Technologies is owned by investors including certain of the Reporting Persons, Michael S. Dell, a separate property trust for the benefit of Mr. Dells wife and funds affiliated with MSD Partners, L.P. This Amendment No. 9 is being filed to report a change in the number of shares and percentage of the outstanding Class A Common Stock of the Issuer which may be deemed to be beneficially owned by the Reporting Persons, in connection with the transactions under Purchase Commitment Supplement No. 2 (Supplement No. 2), dated as of August 23, 2017, to the Stock Purchase Agreement, dated as of March 29, 2017, by and among Dell Technologies, EMC Sub and the Issuer (as supplemented by Supplement No. 2, the August 2017 Stock Purchase Agreement) previously disclosed in Amendment No. 8 to the Schedule 13D, filed on August 24, 2017.

Item 4. Purpose of the Transaction.

Item 4 is hereby amended and supplemented by adding the following paragraph at the end thereof:

The information set forth in Item 5 of this Schedule 13D is incorporated by reference in its entirety into this Item 4.

Item 5. Interest in Securities of the Issuer.

The information contained in rows 7, 8, 9, 10, 11, 12 and 13 on each of the cover pages of this Amendment and the information set forth or incorporated in Items 2 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 5.

Items 5 (a), (b) and (c) are hereby amended and restated as follows:

(a) (b) As of September 14, 2017, after completion of the transaction reported in Item 5(c), the Reporting Persons may be deemed to beneficially own an aggregate of 331,114,287 shares of the Issuers Class A Common Stock, which includes (i) 31,114,287 shares of the Issuers Class A Common Stock held by EMC, VMW Holdco or EMC Sub and (ii) 300,000,000 shares of the Issuers Class B Common Stock held by EMC or VMW Holdco, which are convertible into shares of Class A Common Stock on a one-for-one basis at any time at the election of EMC or VMW Holdco, as applicable, representing approximately 81.5% of the issued and outstanding shares of the Issuers Class A Common Stock calculated on the basis of Rule 13d-3 of the Exchange Act. The percentages of beneficial ownership in this Schedule 13D are based on 408,792,573 shares of common stock of the Issuer outstanding as of September 5, 2017, and include 108,792,573 shares of Class A Common Stock and 300,000,000 shares of Class B Common Stock, as provided by the Issuer, reflect that the 2,308,807 shares of Class A Common Stock sold to the Issuer on September 14, 2017 in connection with the transaction reported herein are no longer outstanding, and assume conversion of all outstanding shares of Class B Common Stock into shares of Class A Common Stock. As further described in Item 6 of the Schedule 13D, the Reporting Persons may be deemed to share voting and dispositive power over all shares reported herein with EMC, VMW Holdco (to the extent of its direct holdings), EMC Sub (to the extent of its direct holdings), Dell Technologies and certain of its other subsidiaries, and Mr. Dell. Dell Technologies, EMC, VMW Holdco and Mr. Dell separately file Schedule 13D filings reporting their respective beneficial ownership of such securities.

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Information with respect to the beneficial ownership of Class A Common Stock by the individuals listed in Annex A of the Schedule 13D is set forth in Annex A of Amendment No. 8 to the Schedule 13D and is incorporated herein by reference in response to this Item 5.

(c) On September 14, 2017, EMC Sub sold 2,308,807 shares of Class A Common Stock to the Issuer for a cash payment of $300 million in an initial closing pursuant to the August 2017 Stock Purchase Agreement. The shares delivered to the Issuer on September 14, 2017 had a value of approximately $240 million based on a closing price of $107.72 per share as reported on the New York Stock Exchange on September 11, 2017, less a discount of 3.5% from that per share price. Under the August 2017 Stock Purchase Agreement, EMC Sub will deliver to the Issuer the remaining shares of Class A Common Stock at a later date in a second closing that is expected to occur in the third quarter of the 2018 fiscal year of Dell Technologies. The total number of shares of Class A Common Stock to be purchased by the Issuer under the August 2017 Stock Purchase Agreement will be based on the volume-weighted average price per share of the Class A Common Stock as reported on the New York Stock Exchange during a specified reference period, less a discount of 3.5% from that volume-weighted average per share price, and subject to adjustment in certain circumstances. The terms of the August 2017 Stock Purchase Agreement are described in Amendment No. 8 to the Schedule 13D filed on August 24, 2017. A copy of the Stock Purchase Agreement, dated as of March 29, 2017, is filed as an exhibit to Amendment No. 5 to the Schedule 13D, and a copy of Supplement No. 2 is filed as an exhibit to Amendment No. 8 to the Schedule 13D.

Except as set forth in this Amendment, none of the Reporting Persons, or, to the best knowledge of the Reporting Persons, any other person listed in Annex A, have effected any transaction in Class A Common Stock since the filing of Amendment No. 8 to the Schedule 13D on August 24, 2017.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 is hereby amended and supplemented by adding the following paragraph at the end thereof:

The information set forth in Item 5 of this Schedule 13D is incorporated by reference in its entirety into this Item 6.

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Signatures

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

Dated: September 14, 2017

 

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