|
Submission Parts
| 1 |
SEC Form |
|
SC 13D/A |
| 2 |
SEC Form |
|
EXHIBIT S |
SC 13D/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 12 to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12 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 3, 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
73,115,038 |
| |
8 |
|
Shared Voting Power
0 |
| |
9 |
|
Sole Dispositive Power
0 |
| |
10 |
|
Shared Dispositive Power
73,115,038 |
| 11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
73,115,038 |
| 12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares
¨ |
| 13 |
Percent of Class Represented by Amount in Row (11)
9.6% |
| 14 |
Type of Reporting Person
IN |
1. Based on 765,246,152 shares of Common Stock outstanding as of July
22, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 filed with the Securities
and Exchange Commission on July 26, 2022.
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 and September 9, 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:
On October 3, 2022, the Reporting Person’s advisors sent a letter
to Twitter (on the Reporting Person’s behalf) notifying Twitter that the Reporting Person intends to proceed to closing
of the transaction contemplated by the April 25, 2022 Merger Agreement, on the terms and subject to the conditions set forth therein and
pending receipt of the proceeds of the debt financing contemplated thereby, provided that the Delaware Chancery Court enter an immediate
stay of the action, Twitter vs. Musk, et al. (C.A. No. 202-0613-KSJM), and adjourn the trial and all other proceedings related thereto
pending such closing or further order of the court. The foregoing description of the letter is qualified in its entirety by reference
to the full text of the letter, a copy of which is attached hereto as Exhibit S and incorporated herein by reference.
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 S: Letter from the Reporting Person’s advisors (on the Reporting Person’s behalf) to the Issuer, dated October 3, 2022.
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 4, 2022
| |
ELON R. MUSK |
| |
|
| |
/s/ Elon R. Musk |
EXHIBIT S
Exhibit S
Skadden,
Arps, Slate, Meagher & Flom llp
525
University Avenue
Palo
Alto, California 94301
______
TEL:
(650) 470-4500
FAX:
(650) 470-4570
www.skadden.com
October 3, 2022
Wilson Sonsini Goodrich & Rosati
Professional Corporation
650 Page Mill Road
Palo Alto, CA 94304-1050
Attn: Marty W. Korman
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York 10017
Attn: Alan Klein
Gentlemen:
On behalf of X Holdings I, Inc., X Holdings
II, Inc. and Elon R. Musk (the “Musk Parties”), we write to notify you that the Musk Parties intend to proceed to closing
of the transaction contemplated by the April 25, 2022 Merger Agreement, on the terms and subject to the conditions set forth therein
and pending receipt of the proceeds of the debt financing contemplated thereby, provided that the Delaware Chancery Court enter an immediate
stay of the action, Twitter vs. Musk, et al. (C.A. No. 202-0613-KSJM) (the “Action”) and adjourn the trial and
all other proceedings related thereto pending such closing or further order of the Court.
The Musk Parties provide this notice without admission
of liability and without waiver of or prejudice to any of their rights, including their right to assert the defenses and counterclaims
pending in the Action, including in the event the Action is not stayed, Twitter fails or refuses to comply with its obligations under
the April 25, 2022 Merger Agreement or if the transaction contemplated thereby otherwise fails to close.
| |
Sincerely, |
| |
|
| |
|
| |
/s/
Mike Ringler |
|
| |
Mike Ringler |
| |
Skadden, Arps, Slate, Meagher &
Flom LLP |
cc:
Vijaya Gadde,
Chief Legal Officer, Twitter, Inc.
Katherine Martin, Wilson Sonsini Goodrich & Rosati, Professional Corporation
Martin W. Korman, Wilson Sonsini Goodrich & Rosati, Professional Corporation
Douglas K. Schnell, Wilson Sonsini Goodrich & Rosati, Professional Corporation
Remi P Korenblit, Wilson Sonsini Goodrich & Rosati, Professional Corporation
Alan Klein, Simpson Thacher & Bartlett LLP
Anthony F. Vernace, Simpson Thacher & Bartlett LLP
Katherine M. Krause, Simpson Thacher & Bartlett LLP
William Savitt, Wachtell, Lipton, Rosen & Katz, LLP
Elon Musk
Alex Spiro, Quinn Emanuel Urquhart & Sullivan, LLP
Andrew Rossman, Quinn Emanuel Urquhart & Sullivan, LLP
|
