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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
SONUS NETWORKS, INC.
(Name of Issuer)
Shares of Common Stock, par value $.001 per share
(Title of Class of Securities)
835916107
(CUSIP Number)
Darrin Payne
P.O. Box 71082
Dubai, United Arab Emirates
+971-4317-5800
P.O. Box 71082
Dubai, United Arab Emirates
+971-4317-5800
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
Receive Notices and Communications)
7 September 2007
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 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).
CUSIP No. |
835916107 |
| 1 | NAMES OF REPORTING PERSONS Galahad Securities Limited I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
| (a) o | |||||||||||
| (b) o | |||||||||||
| 3 | SEC USE ONLY | ||||||||||
| 4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
| WC | |||||||||||
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
| o | |||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
| British Virgin Islands | |||||||||||
| 7 | SOLE VOTING POWER | ||||||||||
| NUMBER OF | 56,580,079 | ||||||||||
| SHARES | 8 | SHARED VOTING POWER | |||||||||
| BENEFICIALLY | |||||||||||
| OWNED BY | 0 | ||||||||||
| EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
| REPORTING | |||||||||||
| PERSON | 56,580,079 | ||||||||||
| WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
| 0 | |||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
| 56,580,079 | |||||||||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
| o | |||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
| 21.8% | |||||||||||
| 14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
| OO | |||||||||||
CUSIP No. |
835916107 |
| 1 | NAMES OF REPORTING PERSONS Legatum Capital Limited I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
| (a) o | |||||||||||
| (b) o | |||||||||||
| 3 | SEC USE ONLY | ||||||||||
| 4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
| WC | |||||||||||
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
| o | |||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
| British Virgin Islands | |||||||||||
| 7 | SOLE VOTING POWER | ||||||||||
| NUMBER OF | 56,580,079 | ||||||||||
| SHARES | 8 | SHARED VOTING POWER | |||||||||
| BENEFICIALLY | |||||||||||
| OWNED BY | 0 | ||||||||||
| EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
| REPORTING | |||||||||||
| PERSON | 56,580,079 | ||||||||||
| WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
| 0 | |||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
| 56,580,079 | |||||||||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
| o | |||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
| 21.8% | |||||||||||
| 14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
| OO | |||||||||||
CUSIP No. |
835916107 |
| 1 | NAMES OF REPORTING PERSONS Legatum Global Holdings Limited I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
| (a) o | |||||||||||
| (b) o | |||||||||||
| 3 | SEC USE ONLY | ||||||||||
| 4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
| WC | |||||||||||
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
| o | |||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
| British Virgin Islands | |||||||||||
| 7 | SOLE VOTING POWER | ||||||||||
| NUMBER OF | 56,580,079 | ||||||||||
| SHARES | 8 | SHARED VOTING POWER | |||||||||
| BENEFICIALLY | |||||||||||
| OWNED BY | 0 | ||||||||||
| EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
| REPORTING | |||||||||||
| PERSON | 56,580,079 | ||||||||||
| WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
| 0 | |||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
| 56,580,079 | |||||||||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
| o | |||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
| 21.8% | |||||||||||
| 14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
| OO | |||||||||||
CUSIP No. |
835916107 |
| 1 | NAMES OF REPORTING PERSONS Legatum Global Investment Limited I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
| (a) o | |||||||||||
| (b) o | |||||||||||
| 3 | SEC USE ONLY | ||||||||||
| 4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
| WC | |||||||||||
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
| o | |||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
| British Virgin Islands | |||||||||||
| 7 | SOLE VOTING POWER | ||||||||||
| NUMBER OF | 56,580,079 | ||||||||||
| SHARES | 8 | SHARED VOTING POWER | |||||||||
| BENEFICIALLY | |||||||||||
| OWNED BY | 0 | ||||||||||
| EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
| REPORTING | |||||||||||
| PERSON | 56,580,079 | ||||||||||
| WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
| 0 | |||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
| 56,580,079 | |||||||||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
| o | |||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
| 21.8% | |||||||||||
| 14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
| OO | |||||||||||
CUSIP No. |
835916107 |
| 1 | NAMES OF REPORTING PERSONS Senate Limited, acting on behalf of that certain trust formed under the laws of The Cayman Islands as of 1 July 1996. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
| (a) o | |||||||||||
| (b) o | |||||||||||
| 3 | SEC USE ONLY | ||||||||||
| 4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
| WC | |||||||||||
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
| o | |||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
| The Cayman Islands | |||||||||||
| 7 | SOLE VOTING POWER | ||||||||||
| NUMBER OF | 56,580,079 | ||||||||||
| SHARES | 8 | SHARED VOTING POWER | |||||||||
| BENEFICIALLY | |||||||||||
| OWNED BY | 0 | ||||||||||
| EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
| REPORTING | |||||||||||
| PERSON | 56,580,079 | ||||||||||
| WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
| 0 | |||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
| 56,580,079 | |||||||||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
| o | |||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
| 21.8% | |||||||||||
| 14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
| OO | |||||||||||
SCHEDULE 13D
| Item 1. | Security and Issuer |
This Amendment No. 1 amends the Statement on Schedule 13D (the “Schedule 13D”) filed with the
Securities and Exchange Commission (the “Commission”) on 6 August 2007 by Galahad Securities
Limited (“Galahad”), Legatum Capital Limited (“LCL”), Legatum Global Holdings Limited (“LGHL”),
Legatum Global Investment Limited (“LGIL”) and Senate Limited, acting on behalf of that certain
trust formed under the laws of The Cayman Islands as of 1 July 1996 (“Senate”). The following
amendments to the Schedule 13D are hereby made. Unless otherwise defined herein, all capitalized
terms shall have the meanings ascribed to them in the Schedule 13D.
| Item 3. | Source and Amount of Funds |
As of the close of business on 7 September 2007, the Reporting Persons have invested
$398,594,833 in the purchase of shares of the Issuer. The above amount includes any commissions
incurred in making the investments. The source of these funds derives from the working capital of
the Reporting Persons.
| Item 5. | Interest in Securities of the Issuer |
(a) As of 7 September 2007, the Reporting Persons beneficially own 56,580,079 shares of
common stock of the Issuer, which represents 21.8% of the Issuer’s outstanding shares of
common stock, which such percentage was calculated by dividing (i) 56,580,079 shares of
common stock owned by the Reporting Persons by (ii) 259,995,241 shares of common stock
outstanding as of 7 August 2007 based upon SEC Form 10Q filed on 9 August 2007. The
56,580,079 shares described above are beneficially owned by the Reporting Persons.
(b) See (a) above.
(c) Other than as set out in Exhibit 1, there have not been transactions effected by the
Reporting Persons.
(d) Not Applicable.
(e) Not Applicable.
| Item 7. | Material to be Filed as Exhibits |
| Exhibit 1 | Purchases of Common Stock of the Issuer in the past 60 days |
[signature page follows]
Signature
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies
that the information set forth in this statement is true, complete and correct.
Galahad Securities Limited
Signature: /s/ Mark A. Stoleson
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Legatum Capital Limited
Signature: /s/ Mark A. Stoleson
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Legatum Global Holdings Limited
Signature: /s/ Mark A. Stoleson
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Legatum Global Investment Limited
Signature: /s/ Mark A. Stoleson
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Senate Limited, acting on behalf of that certain trust
formed under the laws of The Cayman Islands as of 1 July 1996
formed under the laws of The Cayman Islands as of 1 July 1996
Signature: /s/ Mark A. Stoleson
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Name: Mark A. Stoleson
Title: Director
Date: 10 September 2007
Exhibit Index
| Exhibit | ||
| Number | Description | |
| Exhibit 1 | Purchases of Common Stock of the Issuer in the past 60 days |
Exhibit 1
Purchases of Common Stock of the Issuer in the past 60 days
| DATE | SHARES PURCHASED | PRICE PER SHARE (US$) | ||
10 July 2007
|
818,000 | 8.4378 | ||
| 11 July 2007 | 35,270 | 8.39 | ||
| 13 July 2007 | 487,653 | 8.3695 | ||
| 16 July 2007 | 930,000 | 8.3828 | ||
| 17 July 2007 | 690,000 | 8.2993 | ||
| 18 July 2007 | 800,000 | 8.1828 | ||
| 20 July 2007 | 372,721 | 8.3982 | ||
| 23 July 2007 | 660,000 | 8.3944 | ||
| 24 July 2007 | 471,642 | 8.2998 | ||
| 25 July 2007 | 1,500,000 | 8.2951 | ||
| 26 July 2007 | 2,650,000 | 6.6469 | ||
| 27 July 2007 | 1,000,000 | 6.883 | ||
| 30 July 2007 | 1,000,000 | 6.9007 | ||
| 31 July 2007 | 1,000,000 | 6.9729 | ||
| 1 August 2007 | 1,400,000 | 6.8176 | ||
| 2 August 2007 | 1,000,000 | 6.9402 | ||
| 3 August 2007 | 500,000 | 6.8456 | ||
| 17 August 2007 | 1,500,000 | 5.9483 | ||
| 27 August 2007 | 100,000 | 5.8346 | ||
| 28 August 2007 | 425,000 | 5.6739 | ||
| 29 August 2007 | 560,000 | 5.6812 | ||
| 30 August 2007 | 88,600 | 5.6759 | ||
| 7 September 2007 | 2,000,000 | 5.5185 |