As filed with the Securities Exchange Commission on May 16, 2001
Registration No. 333-
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
TERAYON COMMUNICATION SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware 77-0328533
(State of Incorporation) (I.R.S. Employer Identification No.)
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2952 Bunker Hill Lane
Santa Clara, CA 95054
(Address of principal executive offices)
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1997 Equity Incentive Plan
1999 Non-Officer Equity Incentive Plan
(Full title of the plans)
Dr. Zaki Rakib
Chief Executive Officer
Terayon Communication Systems, Inc.
2952 Bunker Hill Lane
Santa Clara, CA 95054
(408) 727-4400
(Name, address, including zip code, and telephone number, including area code,
of agent for service)
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Copies to:
Jamie E. Chung
Rachel N. Halpren
Audrey K. Scott
Cooley Godward LLP
One Maritime Plaza
20th Floor
San Francisco, CA 94111-3580
(415) 693-2000
Cooley Godward LLP
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CALCULATION OF REGISTRATION FEE
Title of Securities to Amount to be Proposed Maximum Proposed Maximum Amount of
be Registered Registered Offering Price Per Aggregate Offering Registration Fee
Share (1) Price (1)
Shares of Common Stock, 3,000,000 $ 5.74 $ 17,220,000.00 $ 4,305.00
par value $.001 per
share, reserved for
future issuance under
the 1997 Equity
Incentive Plan
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Shares of Common Stock, 6,546,748 $22.85 $149,553,191.80 $ 37,383.30
par value $.001 per
share, subject to
outstanding options
granted under the 1999
Non-Officer Equity
Incentive Plan
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Shares of Common Stock, 3,453,252 $ 5.74 $ 19,821,666.48 $ 4,955.42
par value $.001 per
share, reserved for
future issuance under
the 1999 Non-Officer
Equity Incentive Plan
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Totals 13,000,000 $ 46,643.72
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(1) Estimated solely for the purpose of calculating the amount of the
registration fee. The offering price per share and aggregate offering
price are based upon (a) the weighted average exercise price, for shares
subject to options previously granted under the Terayon Communication
Systems, Inc. (Registrant or Company) 1997 Equity Incentive Plan and the
1999 Non-Officer Equity Incentive Plan (pursuant to Rule 457(h) under the
Securities Act of 1933, as amended (the Act)) and (b) the average of the
high and low prices of the Company's Common Stock as reported on the Nasdaq
National Market on May 15, 2001 for shares available for future grant
pursuant to the 1997 Equity Incentive Plan and shares available for future
issuance pursuant to the 1999 Non-Officer Equity Incentive Plan (pursuant
to Rule 457(c) under the Act).
INCORPORATION BY REFERENCE OF CONTENTS OF
REGISTRATION STATEMENTS ON FORMS S-8 NOS. 333-66139,
333-93779, 333-4470, 333-47154 AND 333-53788
The contents of Registration Statements on Forms S-8 Nos. 333-66139, 333-
93779, 333-4470, 333-47154 and 333-53788 filed with the Securities and Exchange
Commission on October 26, 1998, December 29, 1999, August 29, 2000, October 2,
2000 and January 16, 2001, respectively, are incorporated by reference herein.
EXHIBITS
Exhibit
Number
5.1 Opinion of Cooley Godward LLP.
23.1 Consent of Ernst & Young LLP, Independent Auditors.
23.2 Consent of Cooley Godward LLP is contained in Exhibit 5.1 to this
Registration Statement.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Santa Clara, State of California on May 16, 2001.
TERAYON COMMUNICATION SYSTEMS, INC.
By: /s/ Dr. Zaki Rakib
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Dr. Zaki Rakib
Chief Executive Officer and Secretary
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature Title Date
---------------------------------------------- ------------------------------------------- ----------------------------------
/s/ Dr. Zaki Rakib Chief Executive Officer, Secretary and May 16, 2001
---------------------------------------------- Director (Principal Executive Officer)
Dr. Zaki Rakib
* Chief Financial Officer (Principal May 16, 2001
---------------------------------------------- Financial and Accounting Officer)
Ray M. Fritz
* Director May 16, 2001
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Michael D'Avella
* Director May 16, 2001
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Alek Krstajic
* President and Chairman of the Board of May 16, 2001
---------------------------------------------- Directors
Shlomo Rakib
* Director May 16, 2001
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Christopher J. Schaepe
* Director May 16, 2001
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Lewis Solomon
* Director May 16, 2001
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Mark A. Stevens
*By: /s/ Dr. Zaki Rakib
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Dr. Zaki Rakib
Attorney-in-Fact
EXHIBIT INDEX
Exhibit
Number Description
5.1 Opinion of Cooley Godward LLP.
23.1 Consent of Ernst & Young LLP, Independent Auditors.
23.2 Consent of Cooley Godward LLP is contained in Exhibit 5.1 to this
Registration Statement.