<PAGE> 1
PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE 424(b)(3)
TO PROSPECTUS DATED AUGUST 11, 1999 REGISTRATION NO. 333-59261
$340,400,000
ATMEL CORPORATION
ZERO COUPON CONVERTIBLE SUBORDINATED DEBENTURES DUE 2018
AND
SHARES OF COMMON STOCK
This Prospectus Supplement relates to the resale by the holders (the
"Selling Securityholders") of Zero Coupon Convertible Subordinated Debentures
due 2018 (the "Debentures") of Atmel Corporation (the "Company") and the shares
of Common Stock, no par value (the "Common Stock"), of the Company issuable
upon the conversion thereof (the "Conversion Shares").
This Prospectus Supplement should be read in conjunction with the
Prospectus dated August 11, 1999, which is to be delivered with this Prospectus
Supplement. All capitalized terms used but not defined in the Prospectus
Supplement shall have the meanings given them in the Prospectus.
The table below sets forth information as of the date hereof concerning
beneficial ownership of the Debentures of the Selling Securityholders therein
listed. All information concerning beneficial ownership has been furnished by
the Selling Securityholders.
<TABLE>
<CAPTION>
Principal amount
at Maturity of
Debentures
Beneficially Percentage of Number of Amount of Common
Owned Debentures Conversion Shares Stock
Name That May Be Sold Outstanding That May Be Sold(1) Owned(2)
- ---- ---------------- ------------- ------------------- ----------------
<S> <C> <C> <C> <C>
Boilermaker-Blacksmith $1,600,000 * 22,373 *
Pension Trust
OCM Convertible Trust 4,200,000 1.2 58,729 *
OCM Convertible Limited 225,000 * 3,146 *
Partnership
Delta Airlines Master 3,075,000 * 42,998 *
Trust c/o Oaktree Capital
Management, LLC
State Employees' 2,605,000 * 36,426 *
Retirement Fund of the
State of Delaware
State of Connecticut 9,150,000 2.7 127,945 *
Combined Investment
Funds
Partner Reinsurance 855,000 * 11,955 *
Company, Ltd.
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
Principal Amount
at Maturity of
Debentures
Beneficially Percentage of Number of Amount of
Owned Debentures Conversion Shares Common Stock
Name That May Be Sold Outstanding That May Be Sold(1) Owned(2)
---- ---------------- ------------- ------------------- ------------
<S> <C> <C> <C> <C>
Chrysler Corp. Master 7,560,000 2.2 105,711 *
Retirement Trust
Raytheon Co. Master 4,875,000 1.4 68,167 *
Pension Trust
Motion Picture Industry 885,000 * 12,375 *
Health Plan - Active
Motion Picture Industry 405,000 * 5,663 *
Health Plan - Retired
Vanguard Convertible 5,235,000 1.5 73,201 *
Securities Fund, Inc.
Winchester Convertible -- -- -- --
Plus(3)
Foundations Account -- -- -- --
No. 1(3)
LLC Account No. 1(3) -- -- -- --
Deephaven Domestic 2,000,000 * 27,966 *
Convertible Trading, Ltd.
Black Diamond, Ltd.(3) -- -- -- --
Black Diamond Partners, -- -- -- --
L.P.(3)
Double Black Diamond -- -- -- --
Offshore LDC(3)
Worldwide Transactions, -- -- -- --
Ltd.(3)
Soundshore Opportunity 4,000,000 1.2 55,932 *
Holding Fund Ltd.
Shephard Investments -- -- -- --
International, Ltd.(3)
Stark International(3) -- -- -- --
The Fondren Foundation 250,000 * 3,496 *
Jackson County 600,000 * 8,390 *
Employees' Retirement
System
Calamos Convertible 20,000 * 280 *
Portfolio
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
Principal Amount
at Maturity of
Debentures
Beneficially Percentage of Number of Amount of Common
Owned Debentures Conversion Shares Stock
Name That May Be Sold Outstanding That May Be Sold Owned(2)
---- ---------------- -------------- ----------------- ----------------
<S> <C> <C> <C> <C>
United Food and 1,700,000 * 23,771 *
Commercial Workers
Local 1262
Delta Airlines Master 6,800,000 2.0 95,084 *
Trust c/o Calamos Asset
Management, Inc.
Port Authority of 3,400,000 1.0 47,542 *
Allegheny County
Retirement and Disability
Allowance Plan
CGCM Market Neutral -- -- -- --
Fund(3)
Knoxville Utilities Board 775,000 * 10,837 *
Retirement System
City of Knoxville Pension 1,125,000 * 15,731 *
System
San Diego City Retirement 2,807,000 * 39,250 *
Physicians Life 486,000 * 6,796 *
Arkansas Teachers Retirement 7,157,000 2.1 100,076 *
San Diego County Convertible 7,300,000 2.1 102,076 *
Boston Museum of Fine Art 370,000 * 5,174 *
Engineers Joint Pension Fund 998,000 * 13,955 *
Wake Forest University 2,451,000 * 34,272 *
Nicholas-Applegate 1,453,000 * 20,317 *
Convertible Fund
Baptist Health of South Florida 480,000 * 6,712 *
Pilgrim Convertible Fund 7,498,000 2.2 104,845 *
</TABLE>
- -----------------
* Less than 1%
(1) Assumes conversion of the full amount of Debentures held by such holder at
the initial conversion rate of 13.983 shares per $1,000 principal amount at
maturity; such conversion price is subject to adjustment as described under
"Description of Debentures--Conversion of Debentures", beginning on page 19
of the Prospectus. Accordingly, the number of shares of Common Stock
issuable upon conversion of the Debentures may increase or decrease from
time to time. Under the terms of the Indenture, fractional shares will not
be issued upon conversion of the Debentures; cash will be paid in lieu of
fractional shares, if any.
(2) Computed in accordance with Rule 13d-3(d)(i) promulgated under the Exchange
Act and based upon the number of shares of Common Stock outstanding as of
September 13, 1999, treating as outstanding the number of Conversion Shares
shown as being issuable upon the assumed conversion by the named holder of
the full amount of such holder's Debentures, but not assuming the
conversion of the Debentures of any other holder.
(3) Has sold all Debentures previously held.
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FOR A DISCUSSION OF CERTAIN FACTORS THAT SHOULD BE CONSIDERED IN
CONNECTION WITH AN INVESTMENT IN THE SECURITIES OFFERED HEREBY, SEE "RISK
FACTORS" BEGINNING ON PAGE 7 OF THE PROSPECTUS.
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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
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The date of this Prospectus Supplement is September 14, 1999.
