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Form 3 Amendment
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FORM 3 OMB APPROVAL
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OMB Number: 3235-014
Expires: December 31, 2001
Estimated average burden
hours per response ..... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
(Print or Type Responses)
<TABLE>
<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Komag, Incorporated Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) HMT Technology Corp. (HMTT) (Month/Day/Year)
(Last) (First) (Middle) April 26, 2000 ---------------------------------- May 8, 2000
1710 Automation Parkway ---------------------------- 5. Relationship of Reporting -----------------------
- ---------------------------------------- 3. I.R.S. Identification Person(s) to Issuer 7. Individual or Joint/
(Street) Number of Reporting (Check all applicable) Group Filing (Check
San Jose CA 95131 Person, if an entity Director X 10% Owner Applicable line)
- -------------------------------------- (Voluntary) 94-2914864 ----- ----- X Form filed by
(City) (State) (Zip) ---------------------------- Officer Other ----- One Reporting
----- (give ----- (specify Person
title below) below) Form filed by
----- More than One
---------------------------------- Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
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Common Stock 4,569,299(1)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 5(b)(v). SEC 1473(3-99)
</TABLE>
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FORM 3 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
FORM 3 (CONTINUED)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deriv- ative
ative Security:
Security
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Date Expira- Amount or (D) or
Exercis- tion Title Number Indirect (I)
able Date of Shares (Instr. 5)
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Option to purchase Common Stock (2) (3) Common Stock 9,193,051(4) $25,341,564.38 D
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</TABLE>
Explanation of Responses:
(1) At least 3,980,244 shares of HMT Technology Corp ("HMT") Common Stock and
589,055 shares of HMT Common Stock subject to options exercisable within 60 days
of May 3, 2000, are subject to Company Voting Agreements (the "Voting
Agreement") dated as of April 26, 2000 which were entered into by Komag,
Incorporated ("Komag") and certain stockholders of HMT as an inducement for
Komag to enter into an Agreement and Plan of Reorganization dated April 26, 2000
among Komag, KHM, Inc., a Delaware corporation and wholly-owned subsidiary of
Komag, and HMT (the "Merger Agreement"). Komag expressly disclaims beneficial
ownership of any of the shares of HMT Common Stock, including shares of HMT
Common Stock subject to options, covered by the Voting Agreements. Based on the
46,196,238 shares of HMT Common Stock outstanding as of April 24, 2000 (as
represented by HMT in the Merger Agreement), the aggregate number of shares of
HMT Common Stock indicated represents approximately 9.9% of the outstanding HMT
Common Stock.
(2) Also as an inducement for Komag to enter into the Merger Agreement, Komag
and HMT entered into a Company Stock Option Agreement dated as of April 26, 2000
(the "Stock Option Agreement"). Pursuant to the Stock Option Agreement, HMT
granted Komag the Option, under certain conditions, to acquire up to 9,193,051
shares of HMT Common Stock which, based on the 46,196,238 shares of HMT Common
Stock outstanding as of April 24, 2000 (as represented by HMT in the Merger
Agreement) represent 19.9% of the outstanding HMT Common Stock. Based upon the
number of shares of HMT Common Stock outstanding as of April 24, 2000 (as
represented by HMT in the Merger Agreement) plus the number of shares of HMT
Common Stock subject to the Option, the shares of HMT Common Stock subject to
the Option equal 16.6% of the outstanding shares of HMT Common Stock. HMT's
obligation to issue shares pursuant to the exercise of the Stock Option is
subject to the occurrence of certain events (each, an "Exercise Event"), which
may not occur. In general, an Exercise Event may be deemed to occur: if (a) (i)
the Board of Directors of HMT or any committee thereof shall for any reason have
withdrawn or shall have amended or modified in a manner adverse to Komag its
recommendation in favor of the adoption of the Merger Agreement; (ii) HMT shall
have failed to include in the Proxy Statement the recommendation of the Board of
Directors of HMT in favor of the adoption of the Merger Agreement; (iii) the
Board of Directors of HMT fails to reaffirm its recommendation in favor of the
adoption of the Merger Agreement within ten (10) business days after Komag
requests in writing that such recommendation be reaffirmed at any time following
the announcement of a Parent Acquisition Offer; (iv) the Board of Directors of
HMT or any committee thereof shall have approved or recommended any Parent
Acquisition Offer; (v) HMT shall have entered into any letter of intent or
similar document or any agreement, contract or commitment accepting any Parent
Acquisition Offer; (vi) a tender or exchange offer relating to securities of HMT
constituting an Acquisition Proposal (as defined in the Merger Agreement) shall
have been commenced by a person unaffiliated with Komag and HMT shall not have
sent to its securityholders pursuant to Rule 14e-2 promulgated under the
Securities Act, within ten (10) business days after such tender or exchange
offer is first published sent or given, a statement disclosing that HMT
recommends rejection of such tender or exchange offer; or (vii) HMT shall have
breached in any material respect the provisions of Section 5.4(a) of the Merger
Agreement; or (b) the Merger Agreement is terminated by Komag or HMT, as
applicable, pursuant to Section 7.1(b) or Section 7.1(d) of the Merger Agreement
as a result of HMT's failure to obtain the required approvals of the
stockholders of HMT and any of the following occur; (i) if after April 26, 2000
and prior to the termination of the Merger Agreement, a third party has publicly
announced (and not publicly and irrevocably withdrawn) a Company Acquisition
Offer (as defined in the Merger Agreement) and within the Applicable Period (as
defined in the Merger Agreement) a Company Acquisition is consummated; or (ii)
if after April 26, 2000 and prior to the termination of the Merger Agreement, a
third party has publicly announced (and not publicly and irrevocably withdrawn)
a Company Acquisition Offer and within the Applicable Period HMT enters into an
agreement or letter of intent providing for a Company Acquisition.
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SEC 1473(3-99)
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FORM 3 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
(3) The Option will terminate upon the earliest of (i) the completion of the
Merger, (ii) twelve (12) months following the date on which the Merger Agreement
is terminated pursuant to Section 7.1(b) or 7.1(d) thereof, if no event causing
the Termination Fee to become payable pursuant to Section 7.3(b)(ii) of the
Merger Agreement has occurred, (iii) six (6) months following the date on which
the Merger Agreement is terminated pursuant to Section 7.1(h) thereof, (iv) in
the event the Merger Agreement has been terminated pursuant to Section 7.1(b) or
7.1(d) thereof and the Termination Fee became payable pursuant to Section
7.3(b)(ii) thereof, six (6) months after payment of the Termination Fee; and (v)
the date on which the Merger Agreement is otherwise terminated; provided,
however, that if the Option cannot be exercised by reason of any applicable
government order, judgment or decree or because the waiting period related to
the issuance of the shares subject to the Option under the HSR Act will not have
expired or been terminated, then the Option will not terminate until the tenth
(10th) business day after such impediment to exercise will have been removed or
will have become final and not subject to appeal.
(4) Komag expressly disclaims beneficial ownership of any of the shares of HMT
Common Stock which are purchasable by Komag upon exercise of the Option until
such time as Komag purchases any such shares of HMT Common Stock upon any such
exercise.
/s/ EDWARD H. SIEGLER May 15, 2000
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
Note: File three copies of this Form, one of which must be manually signed. If
space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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SEC 1473(3-99)
