Jason Nanchun Jiang | JJ Media Investment Holding Limited | |
28-30/F Zhao Feng World Trade Building | 28/F Zhao Feng World Trade Building | |
369 Jiang Su Road, Shanghai 200060, China | 369 Jiang Su Road, Shanghai 200060, China | |
(86) 21-2216-4088 | (86) 21-2216-4088 |
CUSIP No. |
34415V109 |
1 | NAMES OF REPORTING PERSONS Jason Nanchun Jiang |
||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
PF | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Singapore | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 100,586,135(1) | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | N/A | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 100,586,135(1) | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
N/A | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
100,586,135(2) | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
15.05%(2)(3) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
IN |
CUSIP No. |
34415V109 |
1 | NAMES OF REPORTING PERSONS JJ Media Investment Holding Limited |
||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
PF | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
British Virgin Islands | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 100,586,135(4) | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | N/A | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 100,586,135 (4) | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
N/A | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
100,586,135 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
15.05%(4)(5) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
CO |
Exhibit Number | Description of Exhibits | |
1.
|
Subscription Agreement, dated as of September 23, 2009, between JJ Media and the Issuer | |
2. |
Margin Loan Agreement, dated as of November 13, 2009, among JJ Media, the Initial Lender, Citibank, N.A., as administrative agent, and the Citi Collateral Agentα* | |
3. |
Security Agreement, dated as of November 19, 2009, between JJ Media and the Citi Collateral Agentα* | |
4. |
Control Agreement, dated as of November 19, 2009, among JJ Media, the Citi Collateral Agent and Citigroup Global Markets Inc.α | |
5. |
Note, dated as of November 19, 2009, issued by JJ Media α | |
6.
|
Personal Guaranty of Jason Nanchun Jiang, dated as of November 19, 2009 | |
7. |
The Agreement, dated as of December 9, 2009, among JJ Media, the Initial Lender and Nomuraα | |
8. |
Margin Loan Agreement, dated as of December 9, 2009, among JJ Media and Nomura as lender, administrative agent, and collateral agentα* | |
9. |
Security Agreement, dated as of December 9, 2009, between JJ Media and the Nomura Collateral Agentα* | |
10. |
Control Agreement, dated as of December 9, 2009, among JJ Media and Nomura, as collateral agent and intermediary | |
11. |
Nomura Note, dated as of December 9, 2009, issued by JJ Mediaα | |
12. |
Nomura Personal Guaranty of Jason Nanchun Jiang, dated as of December 9, 2009 | |
13. |
Underwriting Agreement, dated as of September 7, 2010, among the Issuer, JJ Media, Jason Nanchun Jiang and Goldman, Sachs & Co. | |
14. |
Capped Call Transaction Master Confirmation, dated September 7, 2010, between Goldman Sachs International and JJ Mediaα* | |
15. |
Confirmations 1, 2 and 3, each dated September 7, 2010, between Goldman Sachs International and JJ Mediaα* | |
16.
|
Swap Confirmation, dated September 7, 2010, between Goldman Sachs International and JJ Mediaα | |
17.
|
Supplemental Swap Confirmation, dated September 7, 2010, between Goldman Sachs International and JJ Mediaα* | |
18. |
Pledge and Security Agreement, dated as of September 7, 2010, between JJ Media and Goldman Sachs Internationalα | |
19. |
Guaranty, dated as of September 7, 2010, between Jason Nanchun Jiang and Goldman Sachs Internationalα | |
20. |
Sales Plan, dated as of September 7, 2010, between JJ Media and Goldman, Sachs & Co, and acknowledged by the Issuerα | |
21. |
Amendments to Confirmations 1, 2 and 3, each dated June 22, 2011, between Goldman Sachs International and JJ Mediaβ | |
22. |
Joint Filing Agreement |
* | Confidential treatment has been granted. | |
| Previously filed with the Schedule 13D of JJ Media and Mr. Jiang, dated February 5, 2010. | |
| Incorporated by reference from Exhibit 1.1 included in the Form 6-K of the Issuer, dated September 8, 2010. | |
α | Previously filed with Amendment No. 1 to the Schedule 13D of JJ Media and Mr. Jiang, dated September 10, 2010. | |
β | Confidential treatment has been requested. Confidential material has been redacted and separately filed with the SEC. |
/s/ Jason Nanchun Jiang | ||||||
Jason Nanchun Jiang | ||||||
JJ MEDIA INVESTMENT HOLDING LIMITED | ||||||
By: | /s/ Jason Nanchun Jiang | |||||
Name: | ||||||
Title: | Chairman |
To: | JJ Media Investment Holding Limited c/o Focus Media Holding Limited 28-30 /F, Zhao Feng World Trade Building 369 Jiangsa Road Shanghai 200050 Peoples Republic of China |
|
From: | Goldman Sachs International | |
Subject: | Capped Call Transaction 1 | |
Ref. No: | SDB1631930669 | |
Date: | June 22, 2011 |
a. | At any time following the close of trading on the Exchange on the date of this Amendment and on or prior to 10:00 P.M., New York City time, on the date hereof, Underlying Shares Issuer shall have made a public announcement of the extension (and increase in size by USD 150 million) of its USD 300 million open market Share repurchase program (the Share Repurchase Extension); | ||
b. | At any time prior to the public announcement of the Share Repurchase Extension, Underlying Shares Issuer and GSI shall have executed a letter agreement in respect of certain matters relating to this Amendment; and | ||
c. | The representations and warranties of Underlying Shares Issuer contained in the letter agreement referenced in clause (b) above shall be true and correct as of the open of trading on the Exchange immediately following the public announcement of the Share Repurchase Extension. |
a. | For purposes of the Transaction to which the Confirmation relates, the definition in the Master Confirmation for each of the following defined terms is hereby replaced with the respective definition that follows: |
*** | Certain confidential information contained in this document, marked by brackets and asterisks, has been omitted and filed with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. |
Cash Settlement: | Notwithstanding Section 8.1 of the Equity Definitions, on each Cash Settlement Payment Date for the Transaction, for the respective Components of the Transaction for such Cash Settlement Payment Date, GSI shall pay to Counterparty an amount equal to (i) the sum of the Option Cash Settlement Amounts for all such Components of the Transaction minus (ii) the aggregate amount paid to Counterparty by GSI for all such Components of the Transaction pursuant to the provisions opposite the caption Cash Settlement Prepayment in respect of each Periodic Prepayment Date occurring prior to such Cash Settlement Payment Date; provided that, if, as of any Cash Settlement Payment Date, Counterparty shall not have fulfilled its obligations under paragraph 7 of this Amendment, such Cash Settlement Payment Date shall be postponed to occur as of the first such date such obligations have been fulfilled; provided, further that, for the avoidance of doubt, the occurrence of the Cash Settlement Payment Date pursuant to clause (i) of the definition of Cash Settlement Payment Date will result in (x) full settlement of the Components of the Transaction with an Expiration Date occurring on or prior to [***] and (y) any 20% decrease in the Number of Options for the Transaction pursuant to the provisions opposite the caption Corporate Transaction Adjustment in the Master Confirmation that is made after such Cash Settlement Payment Date not being made for any Component of the Transaction with an Expiration Date occurring on or prior to [***]. | ||
Cash Settlement Payment Date: | (i) For each Component of the Transaction with an Expiration Date occurring on or prior to [***], the third (3rd) Currency Business Day following [***]; and (ii) for all other Components of the Transaction, the third (3rd) Currency Business day following the Expiration Date for such Component with the latest scheduled Expiration Date. | ||
Cash Settlement Prepayment: | On each Periodic Prepayment Date occurring prior to a Cash Settlement Payment Date for the Transaction, GSI shall pay to Counterparty an amount equal to the Periodic Prepayment Amount for the Transaction for such Periodic Prepayment Date. | ||
Estimated Cash Settlement Obligation: | (i) For the first Periodic Prepayment Date, an amount equal to the sum of the Option Cash Settlement Amounts for each Component of the Transaction with an Expiration Date occurring on or prior to [***]; and (ii) for each subsequent Periodic Prepayment Date, an amount equal to the Option Cash Settlement Amount for each Component of the Transaction for such Periodic Prepayment Date. |
b. | For purposes of the Transaction to which the Confirmation relates, the definition of Biweekly Prepayment Date in the Master Confirmation is hereby deleted and replaced with the following: |
Periodic Prepayment Date: | (i) For each Component of the Transaction with an Expiration Date occurring on or prior to [***]; and (ii) for each Component of the Transaction with an Expiration Date occurring after [***] and prior to the date one Settlement |
Cycle immediately preceding the Cash Settlement Payment Date determined pursuant to clause (ii) of the definition of Cash Settlement Payment Date, the third (3rd) Currency Business Day following the Expiration Date for such Component; provided that, for the avoidance of doubt, there shall be no Periodic Prepayment Date for each Component of the Transaction with an Expiration Date occurring after [***] and on or prior to [***]. |
c. | For purposes of the Transaction to which the Confirmation relates, the definition of Biweekly Prepayment Amount in the Master Confirmation is hereby deleted and replaced with the following: |
Periodic Prepayment Amount: | For each Periodic Prepayment Date, an amount equal to 80% of the Estimated Cash Settlement Obligation for such Periodic Prepayment Date. |
d. | For purposes of the Transaction to which the Confirmation relates: |
GOLDMAN SACHS INTERNATIONAL | ||||
By: | /s/ Simon Hall | |||
Name: | Simon Hall | |||
Title: | Executive Director |
JJ MEDIA INVESTMENT HOLDING LIMITED | ||||
By: | /s/ Jason Nanchun Jiang | |||
Name: | Jason Nanchun Jiang | |||
Title: | Director |
Expected Prepayment | Expected Settlement | |||||||
Component | Component Number of | Date (post [***] | Date (post [***] | |||||
Number | Options | Expiration Date | expiry 80%) | expiry 20%) | ||||
[***]
|
[***] | [***] | [***] | [***] |
To:
|
JJ Media Investment Holding
Limited c/o Focus Media Holding Limited 28-30 /F, Zhao Feng World Trade Building 369 Jiangsa Road Shanghai 200050 Peoples Republic of China |
|
From:
|
Goldman Sachs International | |
Subject:
|
Capped Call Transaction 2 | |
Ref. No:
|
SDB1631930669 | |
Date:
|
June 22, 2011 |
a. | At any time following the close of trading on the Exchange on the date of this Amendment and on or prior to 10:00 P.M., New York City time, on the date hereof, Underlying Shares Issuer shall have made a public announcement of the extension (and increase in size by USD 150 million) of its USD 300 million open market Share repurchase program (the Share Repurchase Extension); | ||
b. | At any time prior to the public announcement of the Share Repurchase Extension, Underlying Shares Issuer and GSI shall have executed a letter agreement in respect of certain matters relating to this Amendment; and | ||
c. | The representations and warranties of Underlying Shares Issuer contained in the letter agreement referenced in clause (b) above shall be true and correct as of the open of trading on the Exchange immediately following the public announcement of the Share Repurchase Extension. |
a. | For purposes of the Transaction to which the Confirmation relates, the definition in the Master Confirmation for each of the following defined terms is hereby replaced with the respective definition that follows: |
Cash Settlement: | Notwithstanding Section 8.1 of the Equity Definitions, on each Cash Settlement Payment Date for the Transaction, for the respective Components of the Transaction for such Cash Settlement Payment Date, GSI shall pay to Counterparty an amount equal to (i) the sum of the Option Cash Settlement Amounts for all such Components of the Transaction minus (ii) the aggregate amount paid to Counterparty by GSI for all such Components of the Transaction pursuant to the provisions opposite the caption Cash Settlement Prepayment in respect of each Periodic Prepayment Date occurring prior to such Cash Settlement Payment Date; provided that, if, as of any Cash Settlement Payment Date, Counterparty shall not have fulfilled its obligations under paragraph 7 of this Amendment, such Cash Settlement Payment Date shall be postponed to occur as of the first such date such obligations have been fulfilled; provided, further that, for the avoidance of doubt, the occurrence of the Cash Settlement Payment Date pursuant to clause (i) of the definition of Cash Settlement Payment Date will result in (x) full settlement of the Components of the Transaction with an Expiration Date occurring on or prior to [***] and (y) any 20% decrease in the Number of Options for the Transaction pursuant to the provisions opposite the caption Corporate Transaction Adjustment in the Master Confirmation that is made after such Cash Settlement Payment Date not being made for any Component of the Transaction with an Expiration Date occurring on or prior to [***]. |
Cash Settlement Payment Date: | (i) For each Component of the Transaction with an Expiration Date occurring on or prior to [***], the third (3rd) Currency Business Day following [***]; and (ii) for all other Components of the Transaction, the third (3rd) Currency Business day following the Expiration Date for such Component with the latest scheduled Expiration Date. |
Cash Settlement Prepayment: | On each Periodic Prepayment Date occurring prior to a Cash Settlement Payment Date for the Transaction, GSI shall pay to Counterparty an amount equal to the Periodic Prepayment Amount for the Transaction for such Periodic Prepayment Date. |
Estimated Cash Settlement Obligation: | (i) For the first Periodic Prepayment Date, an amount equal to the sum of the Option Cash Settlement Amounts for each Component of the Transaction with an Expiration Date occurring on or prior to [***]; and (ii) for each subsequent Periodic Prepayment Date, an amount equal to the Option Cash Settlement Amount for each Component of the Transaction for such Periodic Prepayment Date. |
b. | For purposes of the Transaction to which the Confirmation relates, the definition of Biweekly Prepayment Date in the Master Confirmation is hereby deleted and replaced with the following: |
Periodic Prepayment Date: | (i) For each Component of the Transaction with an Expiration Date occurring on or prior to [***]; and (ii) for each Component of the Transaction with an Expiration Date occurring after [***] and prior to the date one Settlement |
Cycle immediately preceding the Cash Settlement Payment Date determined pursuant to clause (ii) of the definition of Cash Settlement Payment Date, the third (3rd) Currency Business Day following the Expiration Date for such Component; provided that, for the avoidance of doubt, there shall be no Periodic Prepayment Date for each Component of the Transaction with an Expiration Date occurring after [***] and on or prior to [***]. |
c. | For purposes of the Transaction to which the Confirmation relates, the definition of Biweekly Prepayment Amount in the Master Confirmation is hereby deleted and replaced with the following: |
Periodic Prepayment Amount: | For each Periodic Prepayment Date, an amount equal to 80% of the Estimated Cash Settlement Obligation for such Periodic Prepayment Date. |
d. | For purposes of the Transaction to which the Confirmation relates: |
GOLDMAN SACHS INTERNATIONAL | ||||
By: | /s/ Simon Hall | |||
Name: | Simon Hall | |||
Title: | Executive Director |
JJ MEDIA INVESTMENT HOLDING LIMITED | ||||
By: | /s/ Jason Nanchun Jiang | |||
Name: | Jason Nanchun Jiang | |||
Title: | Director |
Expected Prepayment | Expected Settlement | |||||||
Component | Component Number | Date (post [***] | Date (post [***] | |||||
Number | of Options | Expiration Date | expiry 80%) | expiry 20%) | ||||
[***] | [***] | [***] | [***] | [***] |
To:
|
JJ Media Investment Holding Limited c/o Focus Media Holding Limited 28-30 /F, Zhao Feng World Trade Building 369 Jiangsa Road Shanghai 200050 Peoples Republic of China |
|
From:
|
Goldman Sachs International | |
Subject:
|
Capped Call Transaction 3 | |
Ref. No:
|
SDB1631930669 | |
Date:
|
June 22, 2011 |
a. | At any time following the close of trading on the Exchange on the date of this Amendment and on or prior to 10:00 P.M., New York City time, on the date hereof, Underlying Shares Issuer shall have made a public announcement of the extension (and increase in size by USD 150 million) of its USD 300 million open market Share repurchase program (the Share Repurchase Extension); | ||
b. | At any time prior to the public announcement of the Share Repurchase Extension, Underlying Shares Issuer and GSI shall have executed a letter agreement in respect of certain matters relating to this Amendment; and | ||
c. | The representations and warranties of Underlying Shares Issuer contained in the letter agreement referenced in clause (b) above shall be true and correct as of the open of trading on the Exchange immediately following the public announcement of the Share Repurchase Extension. |
a. | For purposes of the Transaction to which the Confirmation relates, the definition in the Master Confirmation for each of the following defined terms is hereby replaced with the respective definition that follows: |
Cash Settlement: | Notwithstanding Section 8.1 of the Equity Definitions, on each Cash Settlement Payment Date for the Transaction, for the respective Components of the Transaction for such Cash Settlement Payment Date, GSI shall pay to Counterparty an amount equal to (i) the sum of the Option Cash Settlement Amounts for all such Components of the Transaction minus (ii) the aggregate amount paid to Counterparty by GSI for all such Components of the Transaction pursuant to the provisions opposite the caption Cash Settlement Prepayment in respect of each Periodic Prepayment Date occurring prior to such Cash Settlement Payment Date; provided that, if, as of any Cash Settlement Payment Date, Counterparty shall not have fulfilled its obligations under paragraph 7 of this Amendment, such Cash Settlement Payment Date shall be postponed to occur as of the first such date such obligations have been fulfilled; provided, further that, for the avoidance of doubt, the occurrence of the Cash Settlement Payment Date pursuant to clause (i) of the definition of Cash Settlement Payment Date will result in (x) full settlement of the Components of the Transaction with an Expiration Date occurring on or prior to [***] and (y) any 20% decrease in the Number of Options for the Transaction pursuant to the provisions opposite the caption Corporate Transaction Adjustment in the Master Confirmation that is made after such Cash Settlement Payment Date not being made for any Component of the Transaction with an Expiration Date occurring on or prior to [***]. | ||
Cash Settlement Payment Date: | (i) For each Component of the Transaction with an Expiration Date occurring on or prior to [***], the third (3rd) Currency Business Day following [***]; and (ii) for all other Components of the Transaction, the third (3rd) Currency Business day following the Expiration Date for such Component with the latest scheduled Expiration Date. | ||
Cash Settlement Payment Date: | On each Periodic Prepayment Date occurring prior to a Cash Settlement Payment Date for the Transaction, GSI shall pay to Counterparty an amount equal to the Periodic Prepayment Amount for the Transaction for such Periodic Prepayment Date. | ||
Cash Settlement Payment Date: | (i) For the first Periodic Prepayment Date, an amount equal to the sum of the Option Cash Settlement Amounts for each Component of the Transaction with an Expiration Date occurring on or prior to [***]; and (ii) for each subsequent Periodic Prepayment Date, an amount equal to the Option Cash Settlement Amount for each Component of the Transaction for such Periodic Prepayment Date. |
b. | For purposes of the Transaction to which the Confirmation relates, the definition of Biweekly Prepayment Date in the Master Confirmation is hereby deleted and replaced with the following: |
Periodic Prepayment Date: | (i) For each Component of the Transaction with an Expiration Date occurring on or prior to [***]; and (ii) for each Component of the Transaction with an Expiration Date occurring after [***] and prior to the date one Settlement |
Cycle immediately preceding the Cash Settlement Payment Date determined pursuant to clause (ii) of the definition of Cash Settlement Payment Date, the third (3rd) Currency Business Day following the Expiration Date for such Component; provided that, for the avoidance of doubt, there shall be no Periodic Prepayment Date for each Component of the Transaction with an Expiration Date occurring after [***] and on or prior to [***]. |
c. | For purposes of the Transaction to which the Confirmation relates, the definition of Biweekly Prepayment Amount in the Master Confirmation is hereby deleted and replaced with the following: |
Periodic Prepayment Amount: | For each Periodic Prepayment Date, an amount equal to 80% of the Estimated Cash Settlement Obligation for such Periodic Prepayment Date. |
d. | For purposes of the Transaction to which the Confirmation relates: |
GOLDMAN SACHS INTERNATIONAL | ||||
By: | /s/ Simon Hall | |||
Name: | Simon Hall | |||
Title: | Executive Director |
JJ MEDIA INVESTMENT HOLDING LIMITED | ||||
By: | /s/ Jason Nanchun Jiang | |||
Name: | Jason Nanchun Jiang | |||
Title: | Director |
Expected Prepayment | Expected Settlement | |||||||
Component | Component Number | Date (post [***] | Date (post [***] | |||||
Number | of Options | Expiration Date | expiry 80%) | expiry 20%) | ||||
[***] | [***] | [***] | [***] | [***] |
/s/ Jason Nanchun Jiang | ||||
Jason Nanchun Jiang | ||||
JJ MEDIA INVESTMENT HOLDING LIMITED |
||||
By: | /s/ Jason Nanchun Jiang | |||
Name: | Jason Nanchun Jiang | |||
Title: | Chairman | |||