EX-5 3 c86208exv5.htm OPINION OF JAMES M. SHEEHAN, ESQ. exv5
 

Exhibit 5

[Tellabs Letterhead]

June 23, 2004

Tellabs, Inc.
1415 West Diehl Road
Naperville, IL 60563

          RE: Registration Statement on Form S-4

Ladies and Gentlemen:

     I refer to the Registration Statement on Form S-4 (the “Registration Statement”) being filed by Tellabs, Inc., a Delaware corporation (the “Company”), with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”), relating to the registration of 167,934,028 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”). The shares of Common Stock were authorized for issuance, offering and sale by the Board of Directors of the Company by resolutions duly adopted by the Company’s Board of Directors on May 19, 2004 (the “Resolutions”). Such shares of Common Stock will be issued by the Company pursuant to the Agreement and Plan of Merger dated as of May 19, 2004 (the “Merger Agreement”), among the Company, Chardonnay Merger Corp., a wholly owned subsidiary of the Company, and Advanced Fibre Communications, Inc.

     As Executive Vice President and General Counsel of the Company, I am familiar with the proceedings to date with respect to the Resolutions and Registration Statement and have examined such records, documents and questions of law, and satisfied myself as to such matters of fact, as I have considered relevant and necessary as a basis for this opinion. I have assumed the authenticity, accuracy and completeness of all documents submitted to me as originals, the genuineness of all signatures, the legal capacity of all natural persons and the conformity with the original documents of any copies thereof submitted to me for my examination (including telecopies). This opinion letter is given, and all statements herein are made, in the context of the foregoing.

     Based upon the foregoing, and subject to the qualifications and limitations hereinafter set forth, it is my opinion that:

     1. The Company is duly incorporated and validly existing under the laws of the State of Delaware.

     2. The Common Stock will be validly issued, fully paid and non-assessable when: (i) the Registration Statement shall have become effective under the Securities Act, (ii) the issuance and sale of the Common Stock shall have been approved in accordance with the Resolutions, as contemplated by the Registration Statement and any applicable prospectus or prospectus

 


 

supplement and (iii) certificates representing the Common Stock shall have been duly executed, countersigned and registered and duly delivered to the persons entitled thereto or, if the shares of Common Stock are uncertificated, valid book entry notations will have been made in the share register of the Company, in each case against receipt of the agreed consideration therefor (but not less than the par value) in accordance with the Resolutions, the Merger Agreement and the Registration Statement.

     I do not find it necessary for the purposes of this opinion to cover, and accordingly I express no opinion as to, the application of the securities or blue sky laws of the various states to the sale of any shares of Common Stock. This opinion is limited to the General Corporation Law of the State of Delaware, as amended or supplemented to date. I express no opinion herein as to any other laws, rules, statutes, ordinances or regulations. As used herein, the term “Delaware General Corporation Law, as amended or supplemented to date” includes the statutory provisions contained therein, all applicable provisions of the Delaware Constitution and reported judicial decisions interpreting these laws.

     I hereby consent to the filing of this opinion with the SEC as an exhibit to the Registration Statement and to the reference made to me under the heading “Legal Matters” set forth in the joint proxy statement/prospectus forming a part of the Registration Statement. In giving this consent, I do not thereby admit that I am an “expert” with the meaning of the Securities Act.
         
  Very truly yours,

/s/ JAMES M. SHEEHAN

James M. Sheehan
Executive Vice President and General Counsel
 
 
     
     
     
 

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