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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment 2)*

 

Dell Technologies Inc.

(Name of Issuer)

 

Class V Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

24703L103

(CUSIP Number)

 

Andrew Langham

Icahn Capital LP

767 Fifth Avenue, 47th Floor

New York, New York 10153

(212) 702-4300

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

 

October 30, 2018

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

 

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    High River Limited Partnership
     
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
SEC USE ONLY
     
SOURCE OF FUNDS
    WC
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  SOLE VOTING POWER
    3,705,904
     
  SHARED VOTING POWER
    0
     
  SOLE DISPOSITIVE POWER
    3,705,904
     
  10  SHARED DISPOSITIVE POWER
    0
     
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    3,705,904
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    1.9%
     
14  TYPE OF REPORTING PERSON
    PN

 

 

 

  

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Hopper Investments LLC
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    3,705,904
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    3,705,904
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    3,705,904
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    1.9%
     
14  TYPE OF REPORTING PERSON
    OO

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Barberry Corp.
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    3,705,904
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    3,705,904
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    3,705,904
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    1.9%
     
14 TYPE OF REPORTING PERSON
    CO

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Icahn Partners Master Fund LP
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    WC
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    6,146,143
     
  8 SHARED VOTING POWER
    0
     
  9 SOLE DISPOSITIVE POWER
    6,146,143
     
  10 SHARED DISPOSITIVE POWER
    0
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    6,146,143
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    3.1%
     
14 TYPE OF REPORTING PERSON
    PN

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Icahn Offshore LP
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    6,146,143
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    6,146,143
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    6,146,143
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    3.1%
     
14 TYPE OF REPORTING PERSON
    PN

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Icahn Partners LP
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    WC
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    8,677,450
     
  8 SHARED VOTING POWER
    0
   
  9 SOLE DISPOSITIVE POWER
    8,677,450
     
  10 SHARED DISPOSITIVE POWER
    0
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    8,677,450
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    4.4%
     
14 TYPE OF REPORTING PERSON
    PN

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Icahn Onshore LP
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    8,677,450
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    8,677,450
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    8,677,450
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    4.4%
     
14 TYPE OF REPORTING PERSON
    PN

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Icahn Capital LP
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    14,823,593
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    14,823,593
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    14,823,593
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    7.4%
     
14 TYPE OF REPORTING PERSON
    PN

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    IPH GP LLC
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    14,823,593
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    14,823,593
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    14,823,593
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    7.4%
     
14 TYPE OF REPORTING PERSON
    OO

 

 

 

  

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Icahn Enterprises Holdings L.P.
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    14,823,593
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    14,823,593
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    14,823,593
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    7.4%
     
14 TYPE OF REPORTING PERSON
    PN

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Icahn Enterprises G.P. Inc.
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    14,823,593
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    14,823,593
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    14,823,593
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    7.4%
     
14 TYPE OF REPORTING PERSON
    CO

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Beckton Corp.
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    14,823,593
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    14,823,593
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    14,823,593
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    7.4%
     
14 TYPE OF REPORTING PERSON
    CO

 

 

 

 

SCHEDULE 13D

 

CUSIP No. 24703L103

 

1 NAME OF REPORTING PERSON
    Carl C. Icahn
     
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
     
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
    OO
     
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
     
6 CITIZENSHIP OR PLACE OF ORGANIZATION
    United States of America
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
     
  7 SOLE VOTING POWER
    0
     
  8 SHARED VOTING POWER
    18,529,497
     
  9 SOLE DISPOSITIVE POWER
    0
     
  10 SHARED DISPOSITIVE POWER
    18,529,497
     
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    18,529,497
     
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    9.3%
     
14 TYPE OF REPORTING PERSON
    IN

 

 

 

 

SCHEDULE 13D

 

Item 1. Security and Issuer

 

This statement constitutes Amendment No. 2 to the Schedule 13D relating to the shares of Class V Common Stock, par value $0.01 per share (“Shares”), issued by Dell Technologies Inc. (the “Issuer”), and hereby amends the Schedule 13D filed with the Securities and Exchange Commission on October 15, 2018, as previously amended (the “Schedule 13D”), to furnish the additional information set forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.  

  

Item 3. Source and Amount of Funds or Other Consideration

 

Item 3 of the Schedule 13D is hereby amended by replacing the first paragraph thereof with the following:

 

The Reporting Persons may be deemed to be the beneficial owner of, in the aggregate, 18,529,497 Shares. These Shares were purchased for an aggregate purchase price of approximately $1.71 billion.

   

Item 5. Interest in Securities of the Issuer

 

Item 5(a) of the Schedule 13D is hereby amended and restated as follows: 

 

(a) The Reporting Persons may be deemed to beneficially own, in the aggregate, 18,529,497 Shares, representing approximately 9.3% of the Issuer's outstanding Shares (based upon the 199,356,591 Shares stated to be outstanding as of October 18, 2018 by the Issuer in the Issuer's proxy statement/prospectus filed with the Securities and Exchange Commission on October 19, 2018).

 

Item 5(b) of the Schedule 13D is hereby amended by replacing the first paragraph thereof with the following: 

 

(b) High River has sole voting power and sole dispositive power with regard to 3,705,904 Shares. Each of Hopper, Barberry and Mr. Icahn has shared voting power and shared dispositive power with regard to such Shares. Icahn Master has sole voting power and sole dispositive power with regard to 6,146,143 Shares. Each of Icahn Offshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn has shared voting power and shared dispositive power with regard to such Shares. Icahn Partners has sole voting power and sole dispositive power with regard to 8,677,450 Shares. Each of Icahn Onshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn has shared voting power and shared dispositive power with regard to such Shares. 

 

 

 

 

Item 5(c) of the Schedule 13D is hereby amended by adding the following to the table of transactions thereunder: 

  

Name of Reporting Person  Date of Transaction  Amount of Securities   Price Per
Share
 
High River Limited Partnership  10/15/2018   46,064(1)   9.96(2)
High River Limited Partnership  10/16/2018   3,617(1)   9.97(2)
High River Limited Partnership  10/17/2018   33,085(1)   9.80(2)
High River Limited Partnership  10/18/2018   59,085(1)   9.90(2)
High River Limited Partnership  10/19/2018   86,328(1)   8.98(2)
High River Limited Partnership  10/22/2018   69,133(1)   9.63(2)
High River Limited Partnership  10/23/2018   1,000(1)   6.97(2)
High River Limited Partnership  10/24/2018   70,000(1)   5.91(2)
High River Limited Partnership  10/25/2018   1,891(1)   4.98(2)
High River Limited Partnership  10/26/2018   28,000(1)   4.26(2)
High River Limited Partnership  10/29/2018   1,870,007(3)   94.98(3)
              
Icahn Partners LP  10/15/2018   107,859(1)   9.96(2)
Icahn Partners LP  10/16/2018   8,468(1)   9.97(2)
Icahn Partners LP  10/17/2018   77,468(1)   9.80(2)
Icahn Partners LP  10/18/2018   138,349(1)   9.90(2)
Icahn Partners LP  10/19/2018   202,138(1)   8.98(2)
Icahn Partners LP  10/22/2018   161,876(1)   9.63(2)
Icahn Partners LP  10/23/2018   2,341(1)   6.97(2)
Icahn Partners LP  10/24/2018   163,907(1)   5.91(2)
Icahn Partners LP  10/25/2018   4,428(1)   4.98(2)
Icahn Partners LP  10/26/2018   65,562(1)   4.26(2)
Icahn Partners LP  10/29/2018   4,378,915(3)   94.98(3)
              
Icahn Partners Master Fund LP  10/15/2018   76,395(1)   9.96(2)
Icahn Partners Master Fund LP  10/16/2018   5,998(1)   9.97(2)
Icahn Partners Master Fund LP  10/17/2018   54,870(1)   9.80(2)
Icahn Partners Master Fund LP  10/18/2018   97,991(1)   9.90(2)
Icahn Partners Master Fund LP  10/19/2018   143,172(1)   8.98(2)
Icahn Partners Master Fund LP  10/22/2018   114,655(1)   9.63(2)
Icahn Partners Master Fund LP  10/23/2018   1,659(1)   6.97(2)
Icahn Partners Master Fund LP  10/24/2018   116,093(1)   5.91(2)
Icahn Partners Master Fund LP  10/25/2018   3,135(1)   4.98(2)
Icahn Partners Master Fund LP  10/26/2018   46,438(1)   4.26(2)
Icahn Partners Master Fund LP  10/29/2018   3,101,103(3)   94.98(3)

 

(1)Represents Shares to be acquired pursuant to forward contracts expiring on September 24, 2020. These forward contracts were exercised by the Reporting Persons on October 29, 2018.

 

(2)Represents the amount per Share the Reporting Person paid the counterparty to the forward contract upon entering into such forward contract, including a financing charge. The forward price was $85.00 per Share. These forward contracts were exercised by the Reporting Persons on October 29, 2018.

 

(3)Represents Shares acquired pursuant to the Forward Contracts (as defined below). The Forward Contracts were set to expire on September 24, 2020. On October 29, 2018, the Reporting Persons exercised the Forward Contracts for an aggregate of 9,350,025 Shares, which represent all forward contracts held by the Reporting Persons as of the date of this filing, including the forward contracts to which this footnote is referenced.

 

 

 

  

Item 6. Contracts, Arrangements, Understandings or Relationship with Respect to Securities of the Issuer

 

Item 6 of the Schedule 13D is hereby amended by replacing the first and second paragraph thereof with the following: 

 

On the relevant dates listed above in Item 5(c), certain of the Reporting Persons entered into forward contracts (the “Forward Contracts”) providing for the purchase by such Reporting Persons of an aggregate of 9,350,025 Shares at a forward price of $85.00 per Share, for an aggregate forward price of approximately $794.8 million. The Reporting Persons also paid the counterparty to the Forward Contracts an aggregate amount of approximately $93.3 million upon entering into such Forward Contracts.

 

The Forward Contracts provided for physical settlement, with the Reporting Persons party thereto retaining the right to elect cash settlement. The Forward Contracts did not give any Reporting Persons direct or indirect voting, investment or dispositive control of the Shares to which such Forward Contracts related. The Forward Contracts were set to expire on September 24, 2020. On October 29, 2018, the Reporting Persons exercised all of the Forward Contracts and acquired an aggregate of 9,350,025 Shares for an aggregate purchase price of approximately $888.1 million.

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of each of the undersigned knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 30, 2018

 

ICAHN PARTNERS MASTER FUND LP

ICAHN OFFSHORE LP

ICAHN PARTNERS LP

ICAHN ONSHORE LP

BECKTON CORP.

HOPPER INVESTMENTS LLC

BARBERRY CORP.

HIGH RIVER LIMITED PARTNERSHIP

  By: Hopper Investments LLC, general partner
  By: Barberry Corp.

 

  By: /s/ Edward E. Mattner  

  Name: Edward E. Mattner
  Title: Authorized Signatory

 

ICAHN CAPITAL LP

  By: IPH GP LLC, its general partner
  By: Icahn Enterprises Holdings L.P., its sole member
  By: Icahn Enterprises G.P. Inc., its general partner

IPH GP LLC

  By: Icahn Enterprises Holdings L.P., its sole member
  By: Icahn Enterprises G.P. Inc., its general partner

ICAHN ENTERPRISES HOLDINGS L.P.

  By: Icahn Enterprises G.P. Inc., its general partner

ICAHN ENTERPRISES G.P. INC.

 

By: /s/ SungHwan Cho  

  Name: SungHwan Cho
  Title: Chief Financial Officer

 

/s/ Carl C. Icahn   
CARL C. ICAHN  

 

[Signature Page of Schedule 13D/A No. 2 – Dell Technologies Inc.]