-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MD846xmtt14hD5DQAxXKyKUbsEEj+duIRulmLpEqjb9H8xebJ1MwRmUEEqZe9joR SjQAIjERrwl+pMFzU8G0NQ== /in/edgar/work/20000915/0000903423-00-000392/0000903423-00-000392.txt : 20000923 0000903423-00-000392.hdr.sgml : 20000923 ACCESSION NUMBER: 0000903423-00-000392 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000915 GROUP MEMBERS: COMMUNICATION GENPAR, INC. GROUP MEMBERS: TPG PARALLEL I, L.P. GROUP MEMBERS: TPG PARTNERS LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARADYNE NETWORKS INC CENTRAL INDEX KEY: 0000076174 STANDARD INDUSTRIAL CLASSIFICATION: [3670 ] IRS NUMBER: 520891723 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-13511 FILM NUMBER: 723942 BUSINESS ADDRESS: STREET 1: 8545 126TH AVE NORTH STREET 2: P O BOX 2826 CITY: LARGO STATE: FL ZIP: 33773 BUSINESS PHONE: 7275302000 MAIL ADDRESS: STREET 1: 8545 126TH AVE NORTH CITY: LARGO STATE: FL ZIP: 33773 FORMER COMPANY: FORMER CONFORMED NAME: PARADYNE CORP DATE OF NAME CHANGE: 19920717 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TPG PARTNERS LP CENTRAL INDEX KEY: 0000923167 STANDARD INDUSTRIAL CLASSIFICATION: [0000 ] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 201 MAIN ST STE 2420 CITY: FT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8178714000 MAIL ADDRESS: STREET 1: 201 MAIN ST STE 2420 STREET 2: 201 MAIN ST STE 2420 CITY: FT WORTH STATE: TX ZIP: 76102 SC 13G 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) Paradyne Networks, Inc. ----------------------- (Name of Issuer) Common Stock, Par Value $0.01 Per Share --------------------------------------- (Title of Class of Securities) 69911G107 --------- (CUSIP Number) December 31, 1999 ---------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: | | Rule 13d-1(b) | | Rule 13d-1(c) |X| Rule 13d-1(d) * 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 the disclosures provided in a prior cover page. The information required in 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 ("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). - ----------------------- CUSIP No. 69911G107 13G - ----------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TPG Partners, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER 11,287,977 (1) --------------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 165,337 (2) --------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 11,287,977 (1) --------------------------------------------------------------- WITH 8. SHARED DISPOSITIVE POWER 165,337 (2) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,453,314 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 37.14%(3) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- (1) Power is exercised through its general partner, TPG GenPar, L.P. (2) In its capacity as one of two stockholders of Communication GenPar, Inc. (3) Based on the total outstanding shares of Common Stock of 30,835,511 as of December 31, 1999. - ----------------------- CUSIP No. 69911G107 13G - ----------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TPG Parallel I, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER 1,124,932 (1) --------------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 165,337 (2) --------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 1,124,932 (1) --------------------------------------------------------------- WITH 8. SHARED DISPOSITIVE POWER 165,337 (2) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,290,269 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.18% (3) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- (1) Power is exercised through its general partner, TPG GenPar, L.P. (2) In its capacity as one of two stockholders of Communication GenPar, Inc. (3) Based on the total outstanding shares of Common Stock of 30,835,511 as of December 31, 1999. - ----------------------- CUSIP No. 69911G107 13G - ----------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Communication GenPar, Inc. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER 165,337 --------------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED BY 0 --------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 165,337 --------------------------------------------------------------- WITH 8. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 165,337 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 .54% (1) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- (1) Based on the total outstanding shares of Common Stock of 30,835,511 as of December 31, 1999. Item 1(a). Name of Issuer: - --------- -------------- Paradyne Networks, Inc. (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: - --------- ----------------------------------------------- Paradyne Networks, Inc. 8545 126th Avenue North Largo, Florida 33773 Item 2(a). Name of Persons Filing: - --------- ---------------------- Pursuant to Regulation 13D-G of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Act"), the undersigned hereby file this Schedule 13G Statement on behalf of TPG Partners, L.P., a Delaware limited partnership ("Partners"), TPG Parallel I, L.P., a Delaware limited partnership ("Parallel"), and Communication GenPar, Inc., a Delaware corporation ("Communication" and together with Partners and Parallel, the "Reporting Persons"). Additionally, information is included herein with respect to TPG GenPar, L.P., a Delaware limited partnership ("GenPar") and TPG Advisors, Inc., a Delaware corporation ("Advisors" and together with GenPar, the "Controlling Persons"). Because GenPar is the sole general partner of each of Partners and Parallel, and because Advisors is the sole general partner of GenPar, and because Partners and Parallel are the only shareholders of Communication, the Controlling Persons may be deemed, pursuant to Rule 13d-3 of the Act, to be the beneficial owners of all of the shares of Common Stock owned by the Reporting Persons. The Reporting Persons and the Controlling Persons are sometimes hereinafter collectively referred to as the "Item 2 Persons." The Item 2 Persons are making this single, joint filing because they may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the Act, although neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Item 2 Persons that such a group exists. Items 2(b)-(c) Address of Principal Office or, if none, Residence; Citizenship or Place of Organization: The address of the principal business office of all of the Item 2 Persons is as follows: 301 Commerce Street, Suite 3300, Fort Worth, Texas 76102. Delaware is the jurisdiction of formation for all of the Item 2 Persons. Item 2(d). Title of Class of Securities: - --------- ---------------------------- This Schedule 13G Statement relates to the Common Stock, Par Value $0.01 of the Issuer (the "Common Stock"). Item 2(e). CUSIP Number: - --------- ------------ The Cusip number of the Common Stock is 69911G107. Item 3. If this statement is filed pursuant to Rules Section 240.13d-1(b) - ------ or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 780). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Section 240.13d-1(c), check this box [ ] Item 4. Ownership - ------ -------- Partners (a) Amount Beneficially Owned as of December 31, 1999: 11,453,314 (b) Percent of Class: 37.14%. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 11,287,977 (ii) shared power to vote or to direct the vote: 165,337 (iii) sole power to dispose or to direct the disposition of: 11,287,977 (iv) shared power to dispose or to direct the disposition of: 165,337 Parallel (a) Amount Beneficially Owned as of December 31, 1999: 1,290,269 (b) Percent of Class: 4.18%. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,124,932 (ii) shared power to vote or to direct the vote: 165,337 (iii) sole power to dispose or to direct the disposition of: 1,124,932 (iv) shared power to dispose or to direct the disposition of: 165,337 Communication (a) Amount Beneficially Owned as of December 31, 1999: 165,337 (b) Percent of Class: .54%. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 165,337 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 165,337 (iv) shared power to dispose or to direct the disposition of: 0 GenPar (a) Amount Beneficially Owned as of December 31, 1999: 12,578,246 (b) Percent of Class: 40.79%. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 12,578,246 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 12,578,246 (iv) shared power to dispose or to direct the disposition of: 0 Advisors (a) Amount Beneficially Owned as of December 31, 1999: 12,578,246 (b) Percent of Class: 40.79%. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 12,578,246 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 12,578,246 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. - ------ -------------------------------------------- If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. - ------ --------------------------------------------------------------- No person other than the Item 2 Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares of the Common Stock owned by them. Item 7. Identification and Classification of the Subsidiary Which Acquired - ------ the Security Being Reported on by the Parent Holding Company. ------------------------------------------------------------ Not Applicable. Item 8. Identification and Classification of Members of the Group. - ------ --------------------------------------------------------- This Schedule 13G Statement is being filed on behalf of each of the Item 2 Persons pursuant to Rules 13d-1(d) and Rule 13d-1(k)(1)(iii). The identity of each of the Item 2 Persons is set forth in Item 2(a) hereof. Item 9. Notice of Dissolution of Group. - --------- ------------------------------ Not Applicable Item 10. Certification. - ------- ------------- Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 15, 2000 TPG PARTNERS, L.P. By: TPG GenPar, L.P., General Partner By: TPG Advisors, Inc., General Partner By: /s/ Richard A. Ekleberry ---------------------------------- Name: Richard A. Ekleberry Title: Vice President TPG PARALLEL I, L.P. By: TPG GenPar, L.P., General Partner By: TPG Advisors, Inc., General Partner By: /s/ Richard A. Ekleberry ---------------------------------- Name: Richard A. Ekleberry Title: Vice President COMMUNICATION GENPAR, INC. By: /s/ Richard A. Ekleberry ---------------------------------- Name: Richard A. Ekleberry Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----