Statement on Schedule 13D/A
This Amendment No. 10, being filed by (i) Philips Pension Trustees Limited (“Philips Pension Trustees”), a private limited company organized under the laws of England and Wales, (ii) PPTL Investment LP, a limited partnership organized under the laws of Scotland (“PPTL LP”) and (iii) PPTL Investment Limited, a Scottish company limited by guarantee (“GP” and together with Philips Pension Trustees and PPTL LP, the “Reporting Persons”), amends the Schedule 13D initially filed on September 17, 2010 (“Original 13D”), as amended by Amendment No. 1 filed on November 2, 2010 (“First Amendment”), Amendment No. 2 filed on April 6, 2011 (“Second Amendment”), Amendment No. 3 filed on July 6, 2011 (“Third Amendment”) Amendment No. 4 filed on July 19, 2011 (“Fourth Amendment”), Amendment No. 5 filed on November 1, 2011 (“Fifth Amendment”), Amendment No. 6 filed on November 8, 2011 (“Sixth Amendment”), Amendment No. 7 filed on February 17, 2012 (“Seventh Amendment”), Amendment No. 8 filed on March 5, 2012 (“Eighth Amendment”) and Amendment No. 9 filed on March 12, 2012 (“Ninth Amendment” and together with the First Amendment, Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment, Sixth Amendment, Seventh Amendment and Eighth Amendment, the “Prior Amendments”) relating to the beneficial ownership of common stock, nominal value €.20 per share (“Common Stock”), of NXP Semiconductors N.V. (the “Issuer”), a public company with limited liability incorporated under the laws of The Netherlands. The principal executive office of the Issuer is located at High Tech Campus 60, 5656 AG Eindhoven, The Netherlands. Information reported in the Original 13D, as amended or superseded by information contained in the Prior Amendments remains in effect except to the extent that it is amended or superseded by information contained in this Amendment. Capitalized terms used herein and not otherwise defined have the meanings ascribed to them in the Original 13D, as amended by the Prior Amendments.
Item 4. Purpose of Transaction
Item 4 of the Original 13D is hereby amended and supplemented by inserting the following paragraph before the final paragraph thereof:
On July 30, 2012 (the "Fourth Sales Plan Effective Date"), PPTL LP entered into a Sales Plan (the "Fourth Sales Plan") with JPMS as broker in order to enable the disposition of up to 2,532,718 shares of Common Stock pursuant to Rule 144 under the Securities Act of 1933 within the three-month period beginning on the Fourth Sales Plan Effective Date (the "Fourth Intended Disposition") and transmitted for filing with the Securities and Exchange Commission a Form 144 covering such Fourth Intended Disposition. The Fourth Sales Plan is attached as Exhibit 13 hereto and its terms are hereby incorporated by reference in this Item 4.
Item 5. Interest in Securities of the Issuer
Item 5 of the Original 13D is hereby amended and restated as follows:
(a) PPTL LP directly owns 25,704,177 shares of Common Stock representing approximately 10.29% of the outstanding Common Stock, based on 249,763,729 shares of Common Stock outstanding (as reported in the Form 6-K Report of Foreign Private Issuer, filed on June 14, 2012, File No. 001-34841).
GP does not directly own any shares of Common Stock but, as the general partner of PPTL LP, has the power to direct the voting and disposition of all of the 25,704,177 shares of Common Stock held by PPTL LP. Philips Pension Trustees is the sole member of GP (and may therefore elect GP’s board of directors) and is the sole limited partner of PPTL LP. As such, the Reporting Persons may be deemed to have formed a group within the meaning of Section 13 of the Securities Exchange Act of 1934, as amended, and each of GP and Philips Pension Trustees may be deemed to possess shared beneficial ownership of the 25,704,177 shares of Common Stock held by PPTL LP.
KPENV may appoint the majority of the board of directors of Philips Pension Trustees. In addition, the Amended Transfer Agreement limits the ability of PPTL LP as the holder of the Transfer Shares to dispose of the Transfer Shares without the consent of KPENV. Furthermore, the Shareholders’ Agreement grants KPENV the right to nominate one non-executive member of the Issuer’s board of directors and requires PPTL LP to vote the Transfer Shares in favor of such nominee.