<PAGE>
As filed with the Securities and Exchange Commission on August 29, 2000
Registration No. 333-
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------------
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.)
-----------------------------
2952 Bunker Hill Lane
Santa Clara, CA 95054
(Address of principal executive offices)
-----------------------------
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)
----------------------------
Copies to:
Karyn S. Tucker
Angelique Tremble
Rachel Halpren
Cooley Godward LLP
One Maritime Plaza
20th Floor
San Francisco, CA 94111-3580
(415) 693-2000
COOLEY GODWARD LLP
----------------------------
<PAGE>
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
================================================================================================================================
Proposed Maximum Proposed Maximum
Title of Securities to Offering Price Per Share Aggregate Offering Price
be Registered Amount to be (1) (1) Amount of Registration
Registered Fee
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Shares of Common Stock, 2,254,451 $49.75 $112,158,937 $29,610
par value $.001 per
share, subject to
outstanding options
granted under the 1997
Equity Incentive Plan
================================================================================================================================
Shares of Common Stock, 2,739,517 $38.5802 $105,641,114 $27,903
par value $.001 per
share, reserved for
future grant under the
1997 Equity Incentive
Plan
================================================================================================================================
Shares of Common Stock, 1,836,190 $49.75 $ 91,350,453 $24,117
par value $.001 per
share, subject to
outstanding options
granted under the 1999
Non-Officer Equity
Incentive Plan
================================================================================================================================
Shares of Common Stock, 1,163,810 $41.3947 $48,175,566 $12,718
par value $.001 per
share, reserved for
future issuance under
the 1999 Non-Officer
Employee Equity
Incentive Plan
================================================================================================================================
Totals
7,993,968 $94,348
================================================================================================================================
</TABLE>
================================================================================
(1) (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 August 24, 2000 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).
2.
<PAGE>
INCORPORATION BY REFERENCE OF CONTENTS OF
REGISTRATION STATEMENTS ON FORM S-8 NO. 333-66139 AND NO. 333-93779
The contents of Registration Statements on Form S-8 No. 333-66139 and No.
333-93779 filed with the Securities and Exchange Commission respectively on
October 26, 1998 and December 29, 1999, are incorporated by reference herein.
EXHIBITS
<TABLE>
<CAPTION>
Exhibit
Number
<C> <S>
5.1 Opinion of Cooley Godward LLP
23.1 Consent of Ernst & Young LLP, Independent Auditors
23.2 Consent of PricewaterhouseCoopers LLP, Independent Accountants
23.3 Consent of Kost Forer & Gabbay (a member of Ernst & Young International), Independent Auditors
23.4 Consent of Kost Forer & Gabbay (a member of Ernst & Young International), Independent Auditors
23.5 Consent of Cooley Godward LLP is contained in Exhibit 5 to this Registration Statement
</TABLE>
3.
<PAGE>
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 August 29, 2000.
TERAYON COMMUNICATION SYSTEMS, INC.
By: /s/ Dr. Zaki Rakib
________________________________________
Dr. Zaki Rakib
Chief Executive Officer
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.
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
/s/ Dr. Zaki Rakib
---------------------------------------------- Chief Executive Officer and Director August 29, 2000
Dr. Zaki Rakib (Principal Executive Officer)
* Chief Financial Officer (Principal August 29, 2000
---------------------------------------------- Financial and Accounting Officer)
Ray M. Fritz
* Chairman of the Board of Directors August 29, 2000
----------------------------------------------
Shlomo Rakib
* Director August 29, 2000
----------------------------------------------
Michael D'Avella
* Director August 29, 2000
----------------------------------------------
Alek Krstajic
* Director August 29, 2000
----------------------------------------------
Christopher J. Schaepe
* Director August 29, 2000
----------------------------------------------
Lewis Solomon
* Director August 29, 2000
----------------------------------------------
Mark A. Stevens
</TABLE>
4.
<PAGE>
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
*By: /s/ Dr. Zaki Rakib
-------------------------
Dr. Zaki Rakib
Attorney-in-Fact
</TABLE>
5.
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
<C> <S>
5.1 Opinion of Cooley Godward LLP
23.1 Consent of Ernst & Young LLP
23.2 Consent of PricewaterhouseCoopers llp, Independent Accountants
23.3 Consent of Kost Forer & Gabbay (a member of Ernst & Young International),
Independent Auditors
23.4 Consent of Kost Forer & Gabbay (a member of Ernst & Young International),
Independent Auditors
23.5 Consent of Cooley Godward LLP is contained in Exhibit 5 to this Registration
Statement
</TABLE>
6.
