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EXHIBIT 25.1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(B)(2)
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U.S. TRUST COMPANY, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
95-4311476
(I.R.S. employer
Identification No.)
515 South Flower Street, Suite 2700
Los Angeles, CA 90071
(Address of principal (Zip Code)
executive offices)
KAREN YAMAMOTO
515 South Flower Street, Suite 2700
Los Angeles, California 90071
(213) 861-5000
(Name, address, including zip code and telephone number of agent for service)
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RADISYS CORPORATION
(Exact name of obligor as specified in its charter)
OREGON 93-0945232
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
5445 NE Dawson Creek Drive
Hillsboro, Oregon 97124
(Address of principal chief executive offices)
5 1/2 % Convertible Subordinated Notes Due
2007 (Title of indenture securities)
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GENERAL
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1. General Information.
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Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising authority
to which it is subject.
Comptroller of the Currency
490 L'Enfant Plaza East, S.W.
Washington, D.C. 20219
Federal Deposit Insurance Corporation
550 17th Street, N.W.
Washington, D.C. 20429
Federal Reserve Bank (12th District)
San Francisco, California
(b) Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
2. Affiliations with the Obligor
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If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and 15.
The obligor currently is not in default under any of its outstanding
securities for which U.S. Trust Company, National Association is Trustee.
Accordingly, responses to Items 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and 15
of Form T-1 are not required under General Instruction B.
16. List of Exhibits
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T-1.1 - A copy of the Articles of Association of U.S. Trust Company,
National Association currently in effect; incorporated herein by reference to
Exhibit T-1.1 filed with Form T-1 Statement, Registration No. 333-59485.
T-1.2 - A copy of the certificate of authority of the trustee to
commence business, if not contained in the articles of association, incorporated
herein by reference to Exhibit T-1.1 filed with Form T-1 Statement, Registration
No. 33-33031.
T-1.3 -A copy of the authorization of the trustee to exercise
corporate trust powers, if such authorization is not contained in the
documents specified in paragraph (1) or (2) above, incorporated herein by
reference to Exhibit T-1.1 filed with Form T-1 Statement, Registration No.
33-33031.
T-1.4 - A copy of the By-Laws of U.S. Trust Company, National
Association, as amended to date; incorporated by reference to Exhibit T-1.4
filed with Form T-1 Statement, Registration No. 33-54136.
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T-1.6 - The consent of the trustee required by Section 321(b) of the
Trust Indenture Act of 1939; incorporated herein by reference to Exhibit T-1.6
filed with Form T-1 Statement, Registration No. 33-33031.
T-1.7 - A copy of the latest report of condition of the trustee
published pursuant to law or the requirements of its supervising or examining
authority.
T-1.8 - Not applicable.
T-1.9 - Not applicable.
NOTE
As of October 27, 2000, the Trustee had 20,000 shares of Capital Stock
outstanding, all of which are owned by U.S. Trust Corporation.
The responses to Items 2, 5, 6, 7, 8, 9, 10, 11 and 14 set forth the information
requested as though U.S. Trust Company, National Association and U.S. Trust
Corporation were the "trustee."
In answering Item 2 in this statement of eligibility as to matters peculiarly
within the knowledge of the obligor or its directors, the trustee has relied
upon information furnished to it by the obligor and will rely on information to
be furnished by the obligor and the trustee disclaims responsibility for the
accuracy or completeness of such information.
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Pursuant to the requirements of the Trust Indenture of Act of 1939, the trustee,
U.S. Trust Company, National Association, a corporation organized and existing
under the laws of the State of California, has duly caused this statement of
eligibility and qualification to be signed on its behalf by the undersigned,
thereunto duly authorized, all in the City of Los Angeles, and State of
California, on the 27th day of October 2000.
U.S. TRUST COMPANY, NATIONAL ASSOCIATION
Trustee
By: /s/ PRISCILLA DEDORO
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Priscilla Dedoro
Authorized Signatory
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EXHIBIT T-1.7
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U.S. TRUST COMPANY, N.A. Call Date: 06/30/00 ST-BK: 06-0784 FFIEC 033
515 SOUTH FLOWER STREET, SUITE 2700 Vendor ID: D Cert #: 33332 Page RC-1
LOS ANGELES, CA 90071 Transit #: 12204024
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CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR JUNE 30, 2000
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
SCHEDULE RC - BALANCE SHEET
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<CAPTION>
C300
Dollar Amounts in Thousands
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A) RCON
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a. Noninterest-bearing balances and currency and coin ______ _______ 0081 19,697 1.a
(1)_________________
b. Interest bearing balances ______ _______ 0071 175 1.b
(2)___________________________________________
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A)__________ ______ _______ 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D)_______ ______ _______ 1773 165,062 2.b
3. Federal funds sold and securities purchased under agreements to ______ _______ 1350 86,900 3.
resell_______
4. Loans and lease financing receivables: RCON
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a. Loans and leases, net of unearned income (from Schedule 2122 124,954 4.a
RC-C)___________
b. LESS: Allowance for loan and lease 3123 1,092 4.b
losses______________________________
c. LESS: Allocated transfer risk 3128 0 4.c
reserve___________________________________
d. Loans and leases, net of unearned income, allowance, and reserve RCON
(item 4.a minus 4.b and 4.c)____________________________________ ______ _______ 2125 123,832 4.d
5. Trading assets__________________________________________________________ ______ _______ 3545 0 5.
6. Premises and fixed assets (including capitalized leases)________________ ______ _______ 2145 10,416 6.
7. Other real estate owned (from Schedule RC-M)_____________________________ ______ _______ 2150 0 7.
8. Investments in unconsolidated subsidiaries and associated companies
(from Schedule RC-M)____________________________________________________ ______ _______ 2130 0 8.
9. Customers' liability to this bank on acceptances outstanding____________ ______ _______ 2155 0 9.
10. Intangible assets (from Schedule RC-M)___________________________________ ______ _______ 2143 49,336 10.
11. Other assets (from Schedule RC-F)_______________________________________ ______ _______ 2160 18,888 11.
12. Total assets (sum of items 1 through 11)________________________________ ______ _______ 2170 474,306 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
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U.S. TRUST COMPANY, N.A. Call Date: 06/30/00 ST-BK: 06-0784 FFIEC 033
515 SOUTH FLOWER STREET, SUITE 2700 Vendor ID: D Cert #: 33332 Page RC-2
LOS ANGELES, CA 90071 Transit #: 12204024
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SCHEDULE RC - CONTINUED
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Dollar Amounts in Thousands
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LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of RCON
columns A and C from Schedule RC-E)_______________________________ 2200 396,811 13.a
RCON
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(1) Noninterest-bearing (1)_____________________________________ 6631 58,301 13.a.1
(2) Interest-bearing ____________________________________________ 6636 338,510
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs
(1) Noninterest-bearing__________________________________________
(2) Interest-bearing______________________________________________
14. Federal funds purchased(2) and securities sold under agreements to RCON
repurchase: 2800 0 14
15. a. Demand notes issued to the U.S. Treasury____________________________ ______ _______ 2840 0 15.a
b. Trading liabilities_________________________________________ ______ _______ 3548 0 15.b
16. Other borrowed money (includes mortgage indebtedness and obligations
under capitalized leases):
A. WITH A REMAINING MATURITY OF ONE YEAR OR LESS______________________ ______ _______ 2332 0 16.a
B. WITH A REMAINING MATURITY OF MORE THAN ONE YEAR THROUGH THREE
YEARS____________________ ______ _______ A547 0 16.b
C. WITH A REMAINING MATURITY OF MORE THAN THREE YEARS________________ ______ _______ A548 0 16.c
17. Not applicable
18. Bank's liability on acceptances executed and outstanding________________ ______ _______ 2920 0 18.
19. Subordinated notes and debentures_______________________________________ ______ _______ 3200 0 19.
20. Other liabilities (from Schedule RC-G)__________________________________ ______ _______ 2930 5,062 20.
21. Total liabilities (sum of items 13 through 20)__________________________ ______ _______ 2948 401,873 21.
22. Not applicable
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus_________________________ ______ ______ 3838 5,000 23.
24. Common stock__________________________________________________________ ______ ______ 3230 2,010 24.
25. Surplus (exclude all surplus related to preferred stock)______________ ______ ______ 3839 38,962 25.
26. a. Undivided profits and capital reserves____________________________ ______ ______ 3632 27,828 26.a
b. Net unrealized holding gains (losses) on available-for-sale
securities________________________________________________________ ______ ______ 8434 (1,367) 26.b
27. Cumulative foreign currency translation
adjustments_______________________
28. a. Total equity capital (sum of items 23 through 27)___________________ ______ ______ 3210 72,433 28.
29. Total liabilities and equity capital (sum of items 21 and 28)_________ ______ ______ 3300 474,306 29.
MEMORANDUM
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
1. Indicate in the box at the right the number of the statement below that
best describes the most comprehensive level of auditing work performed RCON
for the bank by independent external auditors as of any date during 1997_________________________ 6724 N/A M.1
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1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank performed by other
with generally accepted auditing standards by certified external auditors (may be required by state
public accounting firm which submits a report on the bank chartering authority)
2 = Independent audit of the bank's parent holding company 5 = Review of the bank's financial statements by external
conducted in accordance with generally accepted auditing auditors
standards by a certified public accounting firm which 6 = Compilation of the bank's financial statements by
submits a report on the consolidated holding company (but external auditors
not on the bank separately) 7 = Other audit procedures (excluding tax preparation
3 = Directors' examination of the bank conducted in accordance work)
with generally accepted auditing standards by a certified 8 = No external audit work
public accounting firm (may be required by state chartering
authority)
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Includes limited life preferred stock and related surplus.
