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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13G
(Rule 13d-102)
Under
the Securities Exchange Act of 1934
(Amendment No. 1) (1)
Sonus Networks, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
835916107
(CUSIP Number)
December 31, 2007
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o |
Rule 13d-1(b) |
x |
Rule 13d-1(c) |
o |
Rule 13d-1(d) |
(1) 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 the disclosures provided in a prior cover page.
The information required in 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).
CUSIP No. |
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1. |
Names of Reporting Persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not Applicable |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person
(See Instructions) |
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2
CUSIP No. |
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1. |
Names of Reporting Persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
2,380,265 |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power 2,380,265 |
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person 2,380,265 shares |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not Applicable |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person
(See Instructions) |
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3
CUSIP No. |
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1. |
Names of Reporting Persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not Applicable |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person
(See Instructions) |
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4
CUSIP No. |
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1. |
Names of Reporting Persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not Applicable |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person
(See Instructions) |
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5
CUSIP No. |
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1. |
Names of Reporting Persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not Applicable |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person
(See Instructions) |
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CUSIP No. |
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1. |
Names of Reporting Persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not Applicable |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person
(See Instructions) |
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CUSIP No. |
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1. |
Names of Reporting Persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not Applicable |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person
(See Instructions) |
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CUSIP No. |
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1. |
Names of Reporting Persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not Applicable |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person
(See Instructions) |
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CUSIP No. |
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1. |
Names of Reporting Persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not Applicable |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person
(See Instructions) |
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10
Item 1. |
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(a) |
Name of Issuer |
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(b) |
Address of Issuers
Principal Executive Offices |
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Item 2. |
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(a) |
Name of Person Filing (i) Sirios Capital Partners, L.P., a Delaware limited partnership (SCP I), with respect to the shares of Common Stock directly owned by it; (ii) Sirios Capital Partners II, L.P., a Delaware limited partnership (SCP II), with respect to the shares of Common Stock directly owned by it; (iii) Sirios/QP Partners, L.P., a Cayman Islands exempted limited partnership (SQP), with respect to the shares of Common Stock directly owned by it; (iv) Sirios Overseas Fund, Ltd., a Cayman Islands company (SOF), with respect to the shares of Common Stock directly owned by it; (v) Sirios Focus Partners, L.P., a Cayman Islands exempted limited partnership (SFP), with respect to the shares of Common Stock directly owned by it; (vi) Vitruvius SICAV, a Société dInvestissement à Capital Variable organized under the laws of Luxembourg (VS), with respect to the shares of Common Stock directly owned by it; (vii) Sirios Capital Management, L.P., a Delaware limited partnership (SCM), which serves as investment manager to SCP I, SCP II, SQP, SOF, SFP, and VS, with respect to the shares of Common Stock directly owned by SCP I, SCP II, SQP, SOF, SFP, and VS; (viii) Sirios Associates, L.L.C., a Delaware limited liability company (SA), which is the general partner of SCM, with respect to the shares of Common Stock directly owned by SCP I, SCP II, SQP, SOF, SFP, and VS; and (ix) John F. Brennan, Jr., the sole managing member of SA, with respect to the shares of Common Stock directly owned by SCP I, SCP II, SQP, SOF, SFP, and VS.
The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. |
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(b) |
Address of Principal
Business Office or, if none, Residence |
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(c) |
Citizenship |
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(d) |
Title of Class of
Securities |
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(e) |
CUSIP Number |
11
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Item 3. |
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
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(a) |
o |
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
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(b) |
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
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(c) |
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
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(d) |
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
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(e) |
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
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(f) |
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
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(g) |
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
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(h) |
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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(i) |
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
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(j) |
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Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
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Item 4. |
Ownership |
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
As of December 31, 2007, the Reporting Persons may be deemed to beneficially own 5.31% of the outstanding shares of Common Stock of the Company. The percentages used herein are calculated based upon the 268,357,205 shares of Common Stock issued and outstanding at November 2, 2007, as reflected in the Companys Form 10-Q for the fiscal quarterly period ended September 30, 2007. |
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(a) |
Amount beneficially owned: A. Sirios Capital Partners, L.P.: 482,240 B. Sirios Capital Partners II, L.P.: 2,380,265 C. Sirios/QP Partners, L.P.: 4,343,740 D. Sirios Overseas Fund, Ltd.: 5,211,833 E. Sirios Focus Partners, L.P.: 931,010 F. Vitruvius SICAV: 891,916 G. Sirios Capital Management, L.P.: 14,241,004 H. Sirios Associates, L.L.C.: 14,241,004 I. John F. Brennan, Jr.: 14,241,004 |
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(b) |
Percent of class: A. Sirios Capital Partners, L.P.: 0.18% B. Sirios Capital Partners II, L.P.: 0.89% C. Sirios/QP Partners, L.P.: 1.62% D. Sirios Overseas Fund, Ltd.: 1.94% E. Sirios Focus Partners, L.P.: 0.35% F. Vitruvius SICAV: 0.33% G. Sirios Capital Management, L.P.: 5.31% H. Sirios Associates, L.L.C.: 5.31% I. John F. Brennan, Jr.: 5.31% |
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12
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(c) |
Number of shares as to which the person has: |
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(i) |
Sole power to vote or to direct the vote A. Sirios Capital Partners, L.P.: -0- B. Sirios Capital Partners II, L.P.: -0- C. Sirios/QP Partners, L.P.: -0- D. Sirios Overseas Fund, Ltd.: -0- E. Sirios Focus Partners, L.P.: -0- F. Vitruvius SICAV: -0- G. Sirios Capital Management, L.P.: -0- H. Sirios Associates, L.L.C.: -0- I. John F. Brennan, Jr.: -0- |
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(ii) |
Shared power to vote or to direct the vote A. Sirios Capital Partners, L.P.: 482,240 B. Sirios Capital Partners II, L.P.: 2,380,265 C. Sirios/QP Partners, L.P.: 4,343,740 D. Sirios Overseas Fund, Ltd.: 5,211,833 E. Sirios Focus Partners, L.P.: 931,010 F. Vitruvius SICAV: 891,916 G. Sirios Capital Management, L.P.: 14,241,004 H. Sirios Associates, L.L.C.: 14,241,004 I. John F. Brennan, Jr.: 14,241,004 |
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(iii) |
Sole power to dispose or to direct the disposition of A. Sirios Capital Partners, L.P.: -0- B. Sirios Capital Partners II, L.P.: -0- C. Sirios/QP Partners, L.P.: -0- D. Sirios Overseas Fund, Ltd.: -0- E. Sirios Focus Partners, L.P.: -0- F. Vitruvius SICAV: -0- G. Sirios Capital Management, L.P.: -0- H. Sirios Associates, L.L.C.: -0- I. John F. Brennan, Jr.: -0- |
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(iv) |
Shared power to dispose or to direct the disposition of A. Sirios Capital Partners, L.P.: 482,240 B. Sirios Capital Partners II, L.P.: 2,380,265 C. Sirios/QP Partners, L.P.: 4,343,740 D. Sirios Overseas Fund, Ltd.: 5,211,833 E. Sirios Focus Partners, L.P.: 931,010 F. Vitruvius SICAV: 891,916 G. Sirios Capital Management, L.P.: 14,241,004 H. Sirios Associates, L.L.C.: 14,241,004 I. John F. Brennan, Jr.: 14,241,004 |
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Item 5. |
Ownership of Five Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o. |
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person |
Not Applicable |
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person |
Not Applicable |
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Item 8. |
Identification and Classification of Members of the Group |
Not Applicable |
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Item 9. |
Notice of Dissolution of Group |
Not Applicable |
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14
Item 10. |
Certification |
Each of the Reporting Persons hereby makes the following certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
EXECUTED as a sealed instrument this 29th day of
January, 2008.
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/s/ John F. Brennan, Jr. |
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John F. Brennan, Jr., individually, and as sole managing member of Sirios Associates, L.L.C., the general partner of Sirios Capital Management, L.P., the investment manager of Sirios Capital Partners, L.P., Sirios Capital Partners II, L.P., Sirios/QP Partners, L.P., Sirios Overseas Fund, Ltd., Sirios Focus Partners, L.P., and Vitruvius SICAV. |
15
Exhibit 1
AGREEMENT
Each of the undersigned, pursuant to Rule 13d-1(k)(l) under the Securities Exchange Act of 1934, as amended, hereby agrees that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of the shares of Common Stock of Sonus Networks, Inc., and that the Schedule 13G to which this Agreement is appended as Exhibit 1 is to be filed with the Securities and Exchange Commission on behalf of each of the undersigned on or about the date hereof.
EXECUTED as a sealed instrument this 29th day of
January, 2008.
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/s/ John F. Brennan, Jr. |
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John F. Brennan, Jr., individually, and as sole managing member of Sirios Associates, L.L.C., the general partner of Sirios Capital Management, L.P., the investment manager of Sirios Capital Partners, L.P., Sirios Capital Partners II, L.P., Sirios/QP Partners, L.P., Sirios Overseas Fund, Ltd., Sirios Focus Partners, L.P., and Vitruvius SICAV. |