SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
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INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
Spansion, Inc.
(Name of Issuer)
Class A Common Stock, $0.001 Par Value Per Share
(Title of Class of Securities)
84649R101
(CUSIP Number)
November 24, 2009
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Page 1 of 13 Pages)
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* 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. 84649R101 Schedule 13G PAGE 2 of 13
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Phaeton International (BVI) Ltd.
None
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ___________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
2,034,034 shares of Common Stock
16,373,000 Exchangeable Senior Subordinated Debentures
("Debentures"), convertible into 929,366 shares of
Common Stock (see Item 4)
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ___________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
2,034,034 shares of Common Stock
16,373,000 Debentures, convertible into 929,366 shares
of Common Stock (see Item 4)
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,034,034 shares of Common Stock
16,373,000 Debentures, convertible into 929,366 shares of
Common Stock (see Item 4)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.80%
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(12) TYPE OF REPORTING PERSON
CO
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CUSIP No. 84649R101 Schedule 13G PAGE 3 of 13
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Phoenix Partners, L.P.
13-6272912
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ___________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
3,516,000 shares of Common Stock
28,305,000 Debentures, convertible into 1,606,651
shares of Common Stock (see Item 4)
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ___________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,516,000 shares of Common Stock
28,305,000 Debentures, convertible into 1,606,651
shares of Common Stock (see Item 4)
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,516,000 shares of Common Stock
28,305,000 Debentures, convertible into 1,606,651 shares of
Common Stock (see Item 4)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
3.11%
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(12) TYPE OF REPORTING PERSON
PN
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CUSIP No. 84649R101 Schedule 13G PAGE 4 of 13
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Phoenix Partners II, L.P.
84-1631449
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ___________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
449,966 shares of Common Stock
3,622,000 Debentures, convertible into 205,592 shares
of Common Stock (see Item 4)
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ___________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
449,966 shares of Common Stock
3,622,000 Debentures, convertible into 205,592 shares
of Common Stock (see Item 4)
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
449,966 shares of Common Stock
3,622,000 Debentures, convertible into 205,592 shares of
Common Stock (see Item 4)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.40%
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(12) TYPE OF REPORTING PERSON
PN
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CUSIP No. 84649R101 Schedule 13G PAGE 5 of 13
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgens, Waterfall, Vintiadis & Co., Inc.
13-2674766
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ___________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609
shares of Common Stock (see Item 4)
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ___________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609
shares of Common Stock (see Item 4)
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609 shares of
Common Stock (see Item 4)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.31%
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(12) TYPE OF REPORTING PERSON
IA
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CUSIP No. 84649R101 Schedule 13G PAGE 6 of 13
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edwin H. Morgens
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES ___________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609
shares of Common Stock (see Item 4)
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ___________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609
shares of Common Stock (see Item 4)
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609 shares of
Common Stock (see Item 4)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.31%
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(12) TYPE OF REPORTING PERSON
IN
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CUSIP No. 84649R101 Schedule 13G PAGE 7 of 13
ITEM 1(a). NAME OF ISSUER:
Spansion, Inc. (the "Company")
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
915 DeGuine Drive, P.O. Box 3453, Sunnyvale, CA 94088
ITEM 2(a). NAME OF PERSON FILING:
This Schedule 13G is filed jointly by (a) Phaeton
International (BVI) Ltd. ("Phaeton"), (b) Phoenix Partners,
L.P. ("Phoenix"), (c) Phoenix Partners II, L.P.("Phoenix
II"), (d) Morgens, Waterfall, Vintiadis & Company, Inc.
("Morgens Waterfall") and (e) Edwin H. Morgens ("Morgens" and
together with the persons listed in (a) through (d), the
"Reporting Persons").
Phaeton, Phoenix and Phoenix II are hereinafter sometimes
collectively referred to as the "Advisory Clients".
ITEM 2(b). ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE:
The business address of each of the Reporting Persons is 600 Fifth
Avenue, 27th Floor, New York NY 10020.
ITEM 2(c). CITIZENSHIP:
Phoenix is a limited partnership organized under the laws of the
State of New York. Phoenix II is a limited partnership
organized under the laws of the State of Delaware. Phaeton
is an exempted company organized in the British Virgin
Islands. Morgens Waterfall is a corporation organized under
the laws of the State of New York. Morgens is a United
States citizen.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Class A Common Stock, $0.001 Par Value Per Share (the
"Common Stock").
ITEM 2(e). CUSIP NUMBER:
84649R101.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940: see Rule 13d-
1(b)(1)(ii)(E)
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
CUSIP No. 84649R101 Schedule 13G PAGE 8 of 13
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Rule 13d-
1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G);
(h) [ ] Savings Associations as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) [ ] Church Plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act of 1940;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c),
CHECK THIS BOX. [x]
ITEM 4. OWNERSHIP.
The percentages used herein and in the rest of Item 4 are calculated
based upon (i) the 161,956,210 shares of Common Stock issued and outstanding on
May 11, 2009 as reflected in the Form 10-K of the Company filed with the
Securities and Exchange Commission on May 13, 2009 and (ii) 2,741,609 shares of
Common Stock deemed to be outstanding pursuant to Rule 13d-3(d)(1)(i) because
such shares may be obtained and beneficially owned upon exercise or conversion
within 60 days of derivative securities currently owned by the Reporting
Persons. Pursuant to Rule 13d-3(d)(1)(i) the number of issued and outstanding
shares of Common Stock assumes that each other shareholder of the Company does
not exercise or convert herein within 60 days.
A. Phaeton International (BVI) Ltd
(a) Amount beneficially owned:
2,034,034 shares of Common Stock
16,373,000 Exchangeable Senior Subordinated Debentures
("Debentures"), convertible into 929,366 shares of
Common Stock
(b) Percent of class: 1.80%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
2,034,034 shares of Common Stock
16,373,000 Debentures, convertible into 929,366 shares
of Common Stock
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
2,034,034 shares of Common Stock
16,373,000 Debentures, convertible into 929,366 shares
of Common Stock
B. Phoenix Partners, L.P.
(a) Amount beneficially owned:
3,516,000 shares of Common Stock
CUSIP No. 84649R101 Schedule 13G PAGE 9 of 13
28,305,000 Debentures, convertible into 1,606,651 shares
of Common Stock
(b) Percent of class: 3.11%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
3,516,000 shares of Common Stock
28,305,000 Debentures, convertible into 1,606,651 shares
of Common Stock
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
3,516,000 shares of Common Stock
28,305,000 Debentures, convertible into 1,606,651 shares
of Common Stock
C. Phoenix Partners II, L.P.
(a) Amount beneficially owned:
449,966 shares of Common Stock
3,622,000 Debentures, convertible into 205,592 shares of
Common Stock
(b) Percent of class: 0.40%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
449,966 shares of Common Stock
3,622,000 Debentures, convertible into 205,592 shares of
Common Stock
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
449,966 shares of Common Stock
3,622,000 Debentures, convertible into 205,592 shares of
Common Stock
D. Morgens, Waterfall, Vintiadis & Co., Inc.
(a) Amount beneficially owned:
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609 shares
of Common Stock
(b) Percent of class: 5.31%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609 shares
of Common Stock
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609 shares
of Common Stock
CUSIP No. 84649R101 Schedule 13G PAGE 10 of 13
E. Edwin H. Morgens
(a) Amount beneficially owned:
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609 shares
of Common Stock
(b) Percent of class: 5.31%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609 shares
of Common Stock
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
6,000,000 shares of Common Stock
48,300,000 Debentures, convertible into 2,741,609 shares
of Common Stock
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Morgens Waterfall is an investment adviser registered under Section
203 of the Investment Advisers Act of 1940, as amended. The business
of Morgens Waterfall is the rendering of financial services and as
such it provides discretionary investment advisory services to each of
the Advisory Clients. In such capacity, Morgens Waterfall has the
power to make decisions regarding the dispositions of the proceeds
from the sale of the foregoing shares of Common Stock. Under the rules
promulgated under the Securities and Exchange Act of 1934, as amended,
Morgens Waterfall and its principal (Mr. Morgens) may be considered
"beneficial owners" of securities acquired by the Advisory Clients.
Each such Advisory Client has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale
of, the securities held in such person's account.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c))
By signing below each Reporting Person certifies that, to the best of
its 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
CUSIP No. 84649R101 Schedule 13G PAGE 11 of 13
were not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.
CUSIP No. 84649R101 Schedule 13G PAGE 12 of 13
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: December 11, 2009
/s/ Edwin H. Morgens
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Edwin H. Morgens,
as attorney-in-fact for
the Reporting Persons
CUSIP No. 84649R101 Schedule 13G PAGE 13 of 13
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.
DATED: December 11, 2009
/s/ Edwin H. Morgens
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Edwin H. Morgens,
as attorney-in-fact for
the Reporting Persons