0001013594-12-000259.txt : 20120411 0001013594-12-000259.hdr.sgml : 20120411 20120411100232 ACCESSION NUMBER: 0001013594-12-000259 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120411 DATE AS OF CHANGE: 20120411 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BROCADE COMMUNICATIONS SYSTEMS INC CENTRAL INDEX KEY: 0001009626 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 770409517 STATE OF INCORPORATION: DE FISCAL YEAR END: 1025 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56977 FILM NUMBER: 12753348 BUSINESS ADDRESS: STREET 1: 130 HOLGER WAY CITY: SAN JOSE STATE: CA ZIP: 95134-1376 BUSINESS PHONE: (408) 333-8000 MAIL ADDRESS: STREET 1: 130 HOLGER WAY CITY: SAN JOSE STATE: CA ZIP: 95134-1376 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ELLIOTT ASSOCIATES, L.P. CENTRAL INDEX KEY: 0000904495 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 222140975 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 40 WEST 57TH STREET STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125062999 MAIL ADDRESS: STREET 1: 40 WEST 57TH STREET STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: ELLIOTT ASSOCIATES LP DATE OF NAME CHANGE: 19930513 SC 13D/A 1 brocade13da-041012.htm APRIL 10, 2012 brocade13da-041012.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

(Amendment No.2)*

Brocade Communications Systems, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

111621306
(CUSIP Number)

Stephen M. Schultz, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue, New York, New York 10176
Tel: (212) 986-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)


April 9, 2012
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X].

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 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 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).

 
 
 

1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Elliott Associates, L.P.
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
 
(a)    [x]
 
(b)    [ ]
   
3.
SEC USE ONLY
   
4.
SOURCE OF FUNDS*
   
 
WC
   
5.
CHECK BOX 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
   
 
13,701,010
   
9.
SOLE DISPOSITIVE POWER
   
 
0
   
10.
SHARED DISPOSITIVE POWER
   
 
13,701,010
   
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
13,701,010
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*    [   ]
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
 
3.0%
   
14.
TYPE OF REPORTING PERSON*
   
 
PN


*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
 
 


1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Elliott International, L.P.
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
 
(a)    [x]
 
(b)    [ ]
   
3.
SEC USE ONLY
   
4.
SOURCE OF FUNDS*
   
 
WC
   
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)    [  ]
   
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
   
 
Cayman Islands, British West Indies
   
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
   
7.
SOLE VOTING POWER
   
 
0
   
8.
SHARED VOTING POWER
   
 
25,098,990
   
9.
SOLE DISPOSITIVE POWER
   
 
0
   
10.
SHARED DISPOSITIVE POWER
   
 
25,098,990
   
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
25,098,990
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*    [   ]
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
 
5.5%
   
14.
TYPE OF REPORTING PERSON*
   
 
PN


*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
 
 


1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Elliott International Capital Advisors Inc.
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
 
(a)    [x]
 
(b)    [ ]
   
3.
SEC USE ONLY
   
4.
SOURCE OF FUNDS*
   
 
OO
   
5.
CHECK BOX 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
   
 
25,098,990
   
9.
SOLE DISPOSITIVE POWER
   
 
0
   
10.
SHARED DISPOSITIVE POWER
   
 
25,098,990
   
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
25,098,990
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*    [   ]
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
 
5.5%
   
14.
TYPE OF REPORTING PERSON*
   
 
CO


*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
 

This statement is filed with respect to the shares of the common stock, $0.001 par value (the "Common Stock"), of Brocade Communications Systems, Inc. (the "Issuer"), beneficially owned by Elliott Associates, L.P. and its wholly-owned subsidiaries (collectively, "Elliott"), Elliott International, L.P. ("Elliott International") and Elliott International Capital Advisors Inc. ("EICA") (collectively, the "Reporting Persons") as of April 10, 2012 and amends and supplements the Schedule 13D filed on November 4, 2011, as previously amended (collectively, the "Schedule 13D").  Except as set forth herein, the Schedule 13D is unmodified.  


ITEM 3.Source and Amount of Funds or Other Consideration.


Elliott Working Capital
$53,903,825
 
Elliott International
Working Capital
$105,214,443
 


ITEM 4.Purpose of Transaction.

    Each of Elliott and Elliott International acquired the Common Stock beneficially owned by it in the ordinary course of its purchasing, selling and trading in securities. EICA has acted as investment manager to Elliott International in connection with Elliott International's acquisition of beneficial ownership of Common Stock.

    Depending upon market conditions and other factors that it may deem material, each of Elliott and Elliott International may purchase additional shares of Common Stock and/or related securities or may dispose of all or a portion of the Common Stock or related securities that it now beneficially owns or may hereafter acquire.

    From time to time the Reporting Persons have expressed, and may express their views to management, the Board of Directors of the Issuer, other shareholders and/or third parties.  These views include thoughts or suggestions with respect to the Issuer's value and methods to enhance shareholder value, including thoughts regarding the Issuer's operating and financial performance, business plan and the execution of the business plan, the performance of the Issuer's employees and management, strategic matters, capital structure and other topics.     


ITEM 5.Interest in Securities of the Issuer.

    (a) Elliott individually beneficially owns 13,701,010 shares of Common Stock, which constitute 3.0% of all of the outstanding shares of Common Stock.  Elliott owns its 13,701,010 shares of Common Stock through The Liverpool Limited Partnership ("Liverpool"), a Bermuda limited partnership, which is a wholly-owned subsidiary of Elliott.

    Elliott International and EICA beneficially own an aggregate of 25,098,990 shares of Common Stock, which constitute 5.5% of all of the outstanding shares of Common Stock.  

    Collectively, Elliott, Elliott International and EICA beneficially own 38,800,000 shares of Common Stock constituting 8.4% of all of the outstanding shares of Common Stock.
 

 
 
 
 
    (b) Elliott has the power to vote or direct the vote of, and to dispose or direct the disposition of, the shares of Common Stock beneficially owned by it.

    Elliott International has the shared power with EICA to vote or direct the vote of, and to dispose or direct the disposition of, the shares of Common Stock owned by Elliott International.  Information regarding each of Elliott International and EICA is set forth in Item 2 of this Schedule 13D (previously filed) and is expressly incorporated by reference herein.

    (c) The transactions effected by the Reporting Persons during the past sixty (60) days are set forth on Schedule 1 attached hereto.    


  ITEM 7.
Material to be Filed as Exhibits.

    Exhibit A - Joint Filing Agreement (previously filed)

    Schedule 1 - Transactions of the Reporting Persons Effected During the Past 60 Days



 
 
 


SIGNATURES

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

Dated:  April 11, 2012
 
        ELLIOTT ASSOCIATES, L.P.
By: Elliott Capital Advisors, L.P., as General Partner
By: Braxton Associates, Inc., as General Partner


By:  /s/ Elliot Greenberg
                             Elliot Greenberg
                             Vice President


ELLIOTT INTERNATIONAL, L.P.
By:Elliott International Capital Advisors Inc.,
as Attorney-in-Fact


By:  /s/ Elliot Greenberg
                             Elliot Greenberg
                             Vice President

ELLIOTT INTERNATIONAL CAPITAL ADVISORS INC.


By:  /s/ Elliot Greenberg
             Elliot Greenberg
             Vice President

 
 
 
 
 


SCHEDULE 1

Transactions of the Reporting Persons Effected
During the Past 60 Days


The following transactions were effected by Elliott Associates, L.P. (through The Liverpool Limited Partnership) during the past sixty (60) days:


 
Date
 
Security
Amount of Shs. Bought (Sold)
Approx. price ($) per Share
(excl. commissions)
 
13-Feb-2012
Common
43,995
  
5.719100
  
21-Feb-2012
Common
43,750
  
5.504800
  
21-Feb-2012
Common
105,000
  
5.513300
  
21-Feb-2012
Common
8,750
  
5.539900
  
21-Feb-2012
Common
(29,079)
  
5.520000
  
21-Feb-2012
Common
(1,610)
  
5.520000
  
21-Feb-2012
Common
(1,208)
  
5.520000
  
29-Feb-2012
Common
(2,762)
  
5.923200
  
29-Feb-2012
Common
2,762
  
5.789900
  
05-Mar-2012
Common
17,500
  
5.660000
  
05-Mar-2012
Common
17,500
  
5.659800
  
06-Mar-2012
Common
87,500
  
5.480000
  
06-Mar-2012
Common
17,500
  
5.459900
  
06-Mar-2012
Common
13,472
  
5.442600
  
07-Mar-2012
Common
13,175
  
5.653900
  
08-Mar-2012
Common
17,500
  
5.619800
  
08-Mar-2012
Common
17,500
  
5.630000
  
08-Mar-2012
Common
22,400
  
5.630000
  
19-Mar-2012
Common
18,307
  
5.760000
  
20-Mar-2012
Common
35,000
  
5.669900
  
22-Mar-2012
Common
20,516
  
5.620000
  
22-Mar-2012
Common
33,565
  
5.647700
  
23-Mar-2012
Common
24,017
  
5.596900
  
23-Mar-2012
Common
35,000
  
5.589800
  
23-Mar-2012
Common
52,500
  
5.618900
  
23-Mar-2012
Common
47,194
  
5.613600
  
26-Mar-2012
Common
124,175
  
5.709800
  
26-Mar-2012
Common
350
  
5.726000
  
26-Mar-2012
Common
99,048
  
5.733100
  
26-Mar-2012
Common
36,248
  
5.757400
  
27-Mar-2012
Common
20,881
  
5.790600
  
28-Mar-2012
Common
20,671
  
5.750000
  
28-Mar-2012
Common
70,000
  
5.750000
  
29-Mar-2012
Common
52,500
  
5.734900
  
29-Mar-2012
Common
17,500
  
5.770000
  
29-Mar-2012
Common
52,775
  
5.849800
  
30-Mar-2012
Common
67,852
  
5.787900
  
 
 
 
 
 
 
02-Apr-2012
Common
132,903
  
5.734200
  
03-Apr-2012
Common
126,084
  
5.750300
  
04-Apr-2012
Common
52,500
  
5.621500
  
04-Apr-2012
Common
17,500
  
5.575100
  
04-Apr-2012
Common
52,491
  
5.570400
  
04-Apr-2012
Common
166,800
  
5.629700
  
05-Apr-2012
Common
281,261
  
5.563100
  
09-Apr-2012
Common
35,001
  
5.457800
  
09-Apr-2012
Common
18,646
  
5.498700
  
09-Apr-2012
Common
10,255
  
5.510000
  
09-Apr-2012
Common
35,001
  
5.558100
  
10-Apr-2012
Common
188,799
  
5.420800
  
10-Apr-2012
Common
35,000
  
5.492600
  
10-Apr-2012
Common
17,500
  
5.363300
  
10-Apr-2012
Common
9,800
  
5.370900
  


All of the above transactions were effected on the open market.

 
The following transactions were effected by Elliott International, L.P. during the past sixty (60) days:

 
 
Date
 
Security
Amount of Shs. Bought (Sold)
Approx. price ($) per Share
(excl. commissions)
 
13-Feb-2012
Common
81,705
  
5.719100
  
21-Feb-2012
Common
81,250
  
5.504800
  
21-Feb-2012
Common
185,000
  
5.517100
  
21-Feb-2012
Common
16,250
  
5.539900
  
21-Feb-2012
Common
(54,003)
  
5.520000
  
21-Feb-2012
Common
(2,990)
  
5.520000
  
21-Feb-2012
Common
(2,242)
  
5.520000
  
29-Feb-2012
Common
(5,130)
  
5.923200
  
29-Feb-2012
Common
5,130
  
5.789900
  
05-Mar-2012
Common
32,500
  
5.660000
  
05-Mar-2012
Common
32,500
  
5.659800
  
06-Mar-2012
Common
162,500
  
5.480000
  
06-Mar-2012
Common
32,500
  
5.459900
  
06-Mar-2012
Common
25,018
  
5.442600
  
07-Mar-2012
Common
24,467
  
5.653900
  
08-Mar-2012
Common
32,500
  
5.619800
  
08-Mar-2012
Common
32,500
  
5.630000
  
08-Mar-2012
Common
41,600
  
5.630000
  
19-Mar-2012
Common
34,000
  
5.760000
  
20-Mar-2012
Common
65,000
  
5.669900
  
22-Mar-2012
Common
38,101
  
5.620000
  
22-Mar-2012
Common
62,335
  
5.647700
  
 
 
 
 
 
23-Mar-2012
Common
44,612
  
5.596900
  
23-Mar-2012
Common
65,000
  
5.589800
  
23-Mar-2012
Common
97,500
  
5.618900
  
23-Mar-2012
Common
87,645
  
5.613600
  
26-Mar-2012
Common
230,610
  
5.709800
  
26-Mar-2012
Common
650
  
5.726000
  
26-Mar-2012
Common
183,952
  
5.733100
  
26-Mar-2012
Common
67,318
  
5.757400
  
27-Mar-2012
Common
38,778
  
5.790600
  
28-Mar-2012
Common
38,241
  
5.750000
  
28-Mar-2012
Common
130,000
  
5.750000
  
29-Mar-2012
Common
97,500
  
5.734900
  
29-Mar-2012
Common
32,500
  
5.770000
  
29-Mar-2012
Common
98,011
  
5.849800
  
30-Mar-2012
Common
126,011
  
5.787900
  
02-Apr-2012
Common
246,820
  
5.734200
  
03-Apr-2012
Common
234,156
  
5.750300
  
04-Apr-2012
Common
97,500
  
5.621500
  
04-Apr-2012
Common
32,500
  
5.575100
  
04-Apr-2012
Common
97,509
  
5.570400
  
04-Apr-2012
Common
309,770
  
5.629700
  
05-Apr-2012
Common
522,343
  
5.563100
  
09-Apr-2012
Common
64,999
  
5.457800
  
09-Apr-2012
Common
34,627
  
5.498700
  
09-Apr-2012
Common
19,045
  
5.510000
  
09-Apr-2012
Common
64,999
  
5.558100
  
10-Apr-2012
Common
350,628
  
5.420800
  
10-Apr-2012
Common
65,000
  
5.492600
  
10-Apr-2012
Common
32,500
  
5.363300
  
10-Apr-2012
Common
18,200
  
5.370900
  


All of the above transactions were effected on the open market.