Amended Statement of Beneficial Ownership (sc 13d/a)
31 Octobre 2022 - 10:29PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 13 to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 13 to Schedule 13D)*
Twitter Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
90184L102
(CUSIP Number)
Mike Ringler
Skadden, Arps, Slate, Meagher & Flom LLP
525 University Avenue, Suite 1400
Palo Alto, California 94301
(650) 470-4500
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 27, 2022
(Date of Event Which Requires Filing of This
Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f)
or Rule 13d-1(g), check the following box. x
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
* |
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 disclosures provided in a prior cover page. |
The information required on 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).
SCHEDULE 13D
CUSIP No. 90184L102
1 |
Names of Reporting Persons
Elon R. Musk |
2 |
Check the Appropriate Box if a Member of a Group
(a) ¨ (b) x
|
3 |
SEC Use Only
|
4 |
Source of Funds (See Instructions)
OO |
5 |
Check if disclosure of legal proceedings is required pursuant to Items
2(d) or 2(e)
x |
6 |
Citizenship or Place of Organization
USA |
|
|
|
|
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
|
7 |
|
Sole Voting Power
0 |
|
8 |
|
Shared Voting Power
0 |
|
9 |
|
Sole Dispositive Power
0 |
|
10 |
|
Shared Dispositive Power
0 |
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
0 |
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares
¨ |
13 |
Percent of Class Represented by Amount in Row (11)
0% |
14 |
Type of Reporting Person
IN |
This Schedule 13D amends the Schedule 13D initially filed by Elon Musk
(the “Reporting Person”) with the Securities and Exchange Commission on April 5, 2022 with respect to the Common Stock, par
value $0.000005 per share (the “Common Stock”), of Twitter, Inc. (the “Issuer” or “Twitter”), which
was subsequently amended on April 11, 2022, April 14, 2022, April 21, 2022, April 26, 2022, April 27, 2022, May 5, 2022, May 25, 2022,
June 6, 2022, July 8, 2022, August 30, 2022, September 9, 2022 and October 4, 2022 (collectively, including this amendment, the “Schedule
13D”). Capitalized terms used but not defined herein have the meanings given to such terms in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of the Schedule 13D is hereby amended by adding the following:
The information set forth in Item 4 of the Schedule 13D is incorporated
herein by reference.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended by adding the following:
Merger Agreement
As previously disclosed, on April 25, 2022, Twitter,
Inc. (“Twitter”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with X Holdings I, Inc.
(“Parent”), X Holdings II, Inc., a wholly owned subsidiary of Parent (“Acquisition Sub”), and, solely for the
purpose of certain provisions of the Merger Agreement, Elon R. Musk. On October 27, 2022, pursuant to the terms of the Merger Agreement,
Acquisition Sub merged with and into Twitter (the “Merger”), with Twitter surviving the Merger and becoming a wholly owned
subsidiary of Parent (the “Surviving Corporation”). Parent is majority-owned and controlled by Mr. Musk. Pursuant to the
terms of the Merger Agreement, at the effective time of the Merger, each issued and outstanding share of Twitter’s common stock
(subject to certain excluded shares set forth in the Merger Agreement) was canceled and converted into the right to receive $54.20 in
cash, without interest (the “Merger Consideration”). All other excluded shares described above were automatically canceled
and retired immediately prior to the effective time of the Merger.
Following the consummation of the transactions
contemplated by the Merger Agreement, the shares of Common Stock are to be delisted from the New York Stock Exchange and will be deregistered
under the Securities Exchange Act of 1934, as amended.
Rollover and Contribution Agreement
Concurrently with the execution of the Merger Agreement, the Reporting
Person entered into a rollover and contribution agreement with Parent (the “Rollover and Contribution Agreement”), pursuant
to which Mr. Musk contributed 73,115,038 shares of Class A Stock to Parent in exchange for equity interests in Parent immediately prior
to the closing of the Merger.
The Reporting Person is the Chief Executive Officer of the post-Merger
Company.
Item 5. Interests in Securities of the Issuer
(a,b) For information regarding beneficial
ownership, see the information presented on the cover page of this Schedule 13D.
(c) Except as set forth in this Schedule
13D, the Reporting Person has not effected any transactions in the Common Stock during the past 60 days.
(d) Not applicable
(e) As described in this Schedule 13D,
as of October 27, 2022, the Reporting Person ceased to beneficially own more than five percent of the outstanding shares of Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
Item 6 of the Schedule 13D is hereby amended by adding the following:
The information set forth in Item 4 of the Schedule 13D is incorporated
herein by reference.
Item 7. Materials to be Filed
as Exhibits
Item 7 of the Schedule 13D is
hereby amended by adding the following:
Exhibit T: Rollover and Contribution Agreement, dated October 27, 2022, by and among X Holdings I, Inc. and Elon R. Musk.
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned
knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: October 31, 2022
|
ELON R. MUSK |
|
|
/s/ Elon R. Musk |
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