SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(Rule 13e-4)
(Amendment No. 1)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) or 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
webMethods, Inc.
(Name of Subject Company (Issuer) and Filing Person (Offeror))
Options to Purchase Common Stock, Par Value $0.01 Per Share,
Having an Exercise Price Per Share of $40.00 or More
(Title of Class of Securities)
94768C108
(CUSIP Number of Class of Securities)
(Underlying Common Stock)
Phillip Merrick
Chairman and Chief Executive Officer
webMethods, Inc.
3930 Pender Drive
Fairfax, Virginia 22030
(703) 460-2500
(Name, address and telephone number of person authorized to receive notices and
communications on behalf of filing person)
Copy to:
Andrew M. Tucker
Shaw Pittman
1650 Tysons Boulevard-14th Floor
McLean, Virginia 22102
(703) 770-7900
CALCULATION OF FILING FEE
| Transaction valuation* | Amount of filing fee | |||||
| $113,284,007 | $ 22,657** | |||||
* Calculated solely for purposes of determining the filing fee. This amount assumes that options to purchase 9,471,906 shares of common stock of webMethods, Inc. having an aggregate value of $113,284,007 as of April 12, 2001 will be exchanged pursuant to this offer. The aggregate value of such options was calculated based on the Black-Scholes option pricing model. The amount of the filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, equals 1/50th of one percent of the value of the transaction.
** Previously paid.
| [_] | Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| Amount Previously Paid: Form or Registration No.: | Not applicable. Not applicable. | Filing party: Date filed: | Not applicable. Not applicable. |
| [_] | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. | |||
| Check the appropriate boxes below to designate any transactions to which the statement relates: | ||||
| [_] | third party tender offer subject to Rule 14d-1. | |||
| [X] | issuer tender offer subject to Rule 13e-4. | |||
| [_] | going-private transaction subject to Rule 13e-3. | |||
| [_] | amendment to Schedule 13D under Rule 13d-2. | |||
| Check the following box if the filing is a final amendment reporting the results of the tender offer. [_] | ||||
INTRODUCTORY STATEMENT
This Amendment No. 1 amends and supplements the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on April 12, 2001 (the “Schedule TO”) relating to our offer to exchange certain options to purchase shares of our common stock, par value $0.01 per share (“Common Stock”), held by our employees for new options to purchase shares of our common stock at a per share exercise price equal to the fair market value of one share of Common Stock on the date of grant upon the terms and subject to the conditions in the Offer to Exchange dated April 12, 2001 attached hereto as Exhibit (a)(1), as supplemented (the “Offer to Exchange”), and the related Letter of Transmittal attached hereto as Exhibit (a)(2) (the “Letter of Transmittal”).
Item 2. Subject Company Information.
Item 2(c) is hereby amended and supplemented by adding the following:
The information set forth in the Form of Email Letter from Jeff Kramer to Eligible Employees, dated May 2, 2001, attached hereto as Exhibit (a)(14), is incorporated herein by reference.
Item 4. Terms of the Transaction.
Item 4(a) is hereby amended and supplemented by adding the following:
The information set forth in the Frequently Asked Questions Posting, attached hereto as Exhibit (a)(16), and the Form of Email Letter from Jeff Kramer to Eligible Employees, dated May 2, 2000, attached hereto as Exhibit (a)(14), is incorporated herein by reference.
Item 10. Financial Statements.
Item 10(a) is amended and supplemented by adding the following:
The information set forth in the Addendum to Offer to Exchange, attached hereto as Exhibit (a)(15), and the Form of Email Letter from Jeff Kramer to Eligible Employees, dated May 2, 2000, attached hereto as Exhibit (a)(14), is incorporated herein by reference.
Item 12. Exhibits.
Item 12 is hereby amended and supplemented by adding the following:
| (a)(14) Form of Email Letter from Jeff Kramer to Eligible Employees, dated May 2, 2001 | |
| (a)(15) Addendum to Offer to Exchange | |
| (a)(16) Frequently Asked Questions Posting |
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No.1 to the Schedule TO is true, complete and correct.
| webMethods, Inc. | |
| /s/ Phillip Merrick Phillip Merrick Chairman and Chief Executive Officer |
Date: May 2, 2001
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INDEX TO EXHIBITS
| Exhibit | ||||||
| Number | Description | |||||
| (a)(1) | Offer to Exchange, dated April 12, 2001. | |||||
| (a)(2) | Form of Letter of Transmittal. | |||||
| (a)(3) | Letter from Phillip Merrick to Eligible Employees, dated April 12, 2001. | |||||
| (a)(4) | Email Letter from Jeff Kramer to Eligible Employees, dated April 12, 2001. | |||||
| (a)(5) | Form of Letter to Tendering Option Holders. | |||||
| (a)(6) | webMethods, Inc. Press Release dated April 12, 2001. | |||||
| (a)(7) | Example of Option Statement. | |||||
| (a)(8) | Form of Schedule of Events. | |||||
| (a)(9) | Form of Email Letter from Jeff Kramer to Eligible Employees. | |||||
| (a)(10) | webMethods, Inc. Annual Report on Form 10-K for its fiscal year ended March 31, 2000 filed with the Securities and Exchange Commission on June 29, 2000 and incorporated herein by reference. | |||||
| (a)(11) | webMethods, Inc. Quarterly Report on Form 10-Q for its fiscal quarter ended December 31, 2000 filed with the Securities and Exchange Commission on February 14, 2001 and incorporated herein by reference. | |||||
| (a)(12) | webMethods, Inc. Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2000 as amended on Form 10-Q/A filed with the Securities and Exchange Commission on January 31, 2001 and incorporated herein by reference. | |||||
| (a)(13) | webMethods, Inc. Quarterly Report on Form 10-Q for its fiscal quarter ended June 30, 2000 filed with the Securities and Exchange Commission on August 14, 2000 and incorporated herein by reference. | |||||
| (a)(14) | Form of Email Letter from Jeff Kramer to Eligible Employees, dated May 2, 2001.* | |||||
| (a)(15) | Addendum to Offer to Exchange.* | |||||
| (a)(16) | Frequently Asked Questions Posting.* |
| (d)(1) | webMethods, Inc. Amended and Restated Stock Option Plan, filed as Exhibit 4.3 to the Company’s August 17, 2000 Registration Statement on Form S-8 (File No. 333-43958) and incorporated herein by reference. | |||||
| (d)(2) | Form of Option Agreement pursuant to the webMethods, Inc. Amended and Restated Stock Option Plan. | |||||
| (d)(3) | the Active Software, Inc. 1999 Stock Plan, filed as Exhibit 4.6 to the Company’s August 17, 2000 Registration Statement on Form S-8 (File No. 333-43958) and incorporated herein by reference. |
* Filed herewith.