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13D Filing: Billionaire Carl Icahn Sells 8.0 Mln Shares of Mentor Graphics Corp (MENT)

According to a recent filing with the US Securities and Exchange Commission, billionaire activist Carl Icahn‘s Icahn Capital sold some 8.06 million shares of Mentor Graphics Corp (NASDAQ:MENT). The filing revealed that the investor owns 8.06 million shares of the company, equal to 6.86% of the outstanding stock, which compares with 16.12 million shares Icahn held at the end of December. The filing also disclosed that the shares have been sold to the company at a price of $18.12 per unit under the terms of a Stock Purchase Agreement.

“On February 18, 2016, the Reporting Persons entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with the Issuer pursuant to which the Reporting Persons agreed to sell to the Issuer an aggregate of 8,060,145 Shares, at a price of $18.12 per share. The transaction contemplated by the Stock Purchase Agreement is expected to close no later than February 26, 2016. The foregoing description of the Stock Purchase Agreement does not purport to be complete and is qualified by reference to the Stock Purchase Agreement, a copy of which is filed herewith as an exhibit and is incorporated into this Item 4 by reference.”

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
High River Limited Partnership 1,612,028 0 1,612,028 0 1,612,028 1.37%
Hopper Investments 0 1,612,028 0 1,612,028 1,612,028 1.37%
Barberry Corp 0 1,612,028 0 1,612,028 1,612,028 1.37%
Icahn Partners Master Fund 2,685,756 0 2,685,756 0 2,685,756 2.29%
Icahn Offshore 0 2,685,756 0 2,685,756 2,685,756 2.29%
Icahn Partners 3,762,360 0 3,762,360 0 3,762,360 3.20%
Icahn Onshore 0 3,762,360 0 3,762,360 3,762,360 3.20%
Icahn Capital 0 6,448,116 0 6,448,116 6,448,116 5.49%
IPH GP 0 6,448,116 0 6,448,116 6,448,116 5.49%
Icahn Enterprises Holdings 0 6,448,116 0 6,448,116 6,448,116 5.49%
Icahn Enterprises G.P. Inc 0 6,448,116 0 6,448,116 6,448,116 5.49%
Beckton Corp 0 6,448,116 0 6,448,116 6,448,116 5.49%
Carl C. Icahn 0 8,060,144 0 8,060,144 8,060,144 6.86%
Date of Transaction Number of Shares Purchased (Sold) Price Per Share High River Limited Partnership
Carl Icahn
Carl Icahn
Icahn Capital LP

Page 1 of 16 SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 18)*
Mentor Graphics Corporation
(Name of Issuer)
Common Stock, without par value
(Title of Class of Securities)
(CUSIP Number)
Jesse A. Lynn, Esq.
General Counsel
Icahn Capital LP
767 Fifth Avenue, 47th Floor
New York, New York 10153
(212) 702-4300
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 18, 2016
(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 Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box / /.
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).
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