Cypress Semiconductor Corp (CY): Three Bays Capital Decreases Its Stake

CUSIP No. 232806109

  1.

NAMES OF REPORTING PERSONS

 TBC GP LLC

  2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ☐        (b)  ☐

  3.

SEC USE ONLY

  4.

SOURCE OF FUNDS*

OO

  5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

☐

  6.

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  7.

SOLE VOTING POWER:

22,531,147

  8.

SHARED VOTING POWER:

0

  9.

SOLE DISPOSITIVE POWER:

22,531,147

10.

SHARED DISPOSITIVE POWER:

0

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

22,531,147

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

☐

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

7.0% (1)

14.

TYPE OF REPORTING PERSON*

OO

(1)

Based on 321,180,733 shares of common stock of the Issuer outstanding as of August 2, 2016, as reported in the Issuer’s Form 10-Q filed with the SEC on August 9, 2016.