-----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, HQPqSbObisVx4n5zMr9uEuvtQg7ml0ptgDVpnrQOhsdTeSRPwqSkSJODpxyVnVjo /nPS5ylreOifIJDVlDMKlw== 0000909518-03-000700.txt : 20030916 0000909518-03-000700.hdr.sgml : 20030916 20030916165418 ACCESSION NUMBER: 0000909518-03-000700 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMVERSE TECHNOLOGY INC/NY/ CENTRAL INDEX KEY: 0000803014 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 133238402 STATE OF INCORPORATION: NY FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-106391 FILM NUMBER: 03898029 BUSINESS ADDRESS: STREET 1: 170 CROSSWAYS PARK DR CITY: WOODBURY STATE: NY ZIP: 11797 BUSINESS PHONE: 5166777200 MAIL ADDRESS: STREET 1: 170 CROSSWAYS PARK DRIVE CITY: WOODBURY STATE: NY ZIP: 11797 424B3 1 jd9-16_424b3.txt Prospectus Supplement Filed Pursuant to Rule 424(b)(3) (To Prospectus dated August 19, 2003) Registration Number 333-106391 $420,000,000 COMVERSE TECHNOLOGY, INC. Zero Yield Puttable Securities (ZYPS) due May 15, 2023 initially convertible into 23,366,574 shares of Common Stock, par value $.10 per share --------------------- This prospectus supplement relates to the resale by holders of our Zero Yield Puttable Securities (ZYPS) due May 15, 2023, or ZYPS, and the shares of common stock issuable upon conversion of the ZYPS. This prospectus supplement is part of and should be read in conjunction with our prospectus dated August 19, 2003, and the information incorporated therein by reference. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. --------------- The date of this prospectus supplement is September 16, 2003. The information appearing in the following table supplements the information in the table under the caption "Selling Holders," beginning on page 36 of our prospectus and was provided by or on behalf of the selling holders.
PRINCIPAL NUMBER OF NUMBER OF SHARES AMOUNT OF ZYPS SHARES OF NUMBER OF OF COMMON STOCK BENEFICIALLY PERCENTAGE OF COMMON STOCK SHARES OF BENEFICIALLY OWNED AND ZYPS BENEFICIALLY COMMON STOCK OWNED AFTER SELLING HOLDER OFFERED HEREBY OUTSTANDING OWNED(1)(2) TO BE SOLD(1) THE OFFERING(2) - -------------- -------------- ----------- ----------- ------------- --------------- ATSF-Transamerica Convertible Securities.................................. 6,000,000 1.43% 333,808 333,808 -- DBAG London................................. 200,000 * 11,126 11,126 -- Guggenheim Portfolio Co. XV, LLC(3)......... 50,000 * 2,781 2,781 -- IDEX - Transamerica Convertible Securities Fund............................. 2,800,000 * 155,777 155,777 -- Lehman Brothers Inc.(4)..................... 62,041,000 14.77% 3,451,632(5) 3,451,632 -- Pacific Life Insurance Company.............. 1,000,000 * 55,634 55,634 -- RCG Latitude Master Fund, LTD.(6)........... 500,000 * 27,817 27,817 -- RCG Multi-Strategy Master Fund, LTD.(7)..... 400,000 * 22,253 22,253 -- Stonebridge Life Insurance.................. 750,000 * 41,726 41,726 -- Transamerica Life Insurance & Annuities Co................................ 10,000,000 2.38% 556,347 556,347 -- XAVEX-Convertible Arbitrage #5(8)........... 50,000 * 2,781 2,781 --
- ----------------------------------------- * Less than 1%. (1) Assumes conversion of the full amount of ZYPS held by such holder at the initial conversion rate of 55.6347 shares per $1,000 principal amount of ZYPS; such conversion rate is subject to adjustment as described under "Description of the ZYPS--Conversion Rights." Accordingly, the number of shares of common stock issuable upon conversion of the ZYPS may increase or decrease from time to time. Under the terms of the indenture, cash will be paid in lieu of issuing fractional shares, if any, upon conversion of the ZYPS. Furthermore, the rights of the holders of ZYPS to convert their ZYPS into shares of common stock are subject to certain conditions described under "Description of ZYPS - Conversion Rights." (2) Except as set forth in footnote 5, the number of shares of common stock beneficially owned by each holder named in this prospectus supplement is less than 1% of CTI's outstanding common stock as of September 15, 2003. 2 (3) Does not include $867,000 aggregate principal amount of ZYPS and 48,235 shares of common stock issuable upon conversion thereof that were previously listed on the prospectus, dated August 19, 2003, under the caption "Selling Holders" as being beneficially owned by the named selling holder. (4) Does not include $20,260,000 aggregate principal amount of ZYPS and 1,127,159 shares of common stock issuable upon conversion thereof that were previously listed on the prospectus, dated August 19, 2003, under the caption "Selling Holders" as being beneficially owned by the named selling holder. Lehman Brothers Inc. has acted as manager or co-manager of offerings of our securities (including the ZYPS) within the past three years. (5) Represents beneficial ownership of approximately 1.78% of CTI's outstanding common stock as of September 15, 2003. (6) Does not include $4,225,000 aggregate principal amount of ZYPS and 235,056 shares of common stock issuable upon conversion thereof that were previously listed on the prospectus dated, August 19, 2003, under the caption "Selling Holders" as being beneficially owned by the named selling holder. (7) Does not include $433,000 aggregate principal amount of ZYPS and 24,089 shares of common stock issuable upon conversion thereof that were previously listed on the prospectus dated, August 19, 2003, under the caption "Selling Holders" as being beneficially owned by the named selling holder. (8) Does not include $650,000 aggregate principal amount of ZYPS and 36,162 shares of common stock issuable upon conversion thereof that were previously listed on the prospectus dated, August 19, 2003, under the caption "Selling Holders" as being beneficially owned by the named selling holder. 3 -----END PRIVACY-ENHANCED MESSAGE-----