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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)*
SYNAPTICS INCORPORATED
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
87157D109
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(CUSIP Number)
January 20, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Persons who respond to the collection of information contained in this form are
not required to respond unless the form displays a currently valid OMB control
number.
SEC 1745 (12-02)
Page 1 of 9
CUSIP No. 87157D109 13G
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Level Global Overseas Master Fund, Ltd.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,425,000
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,425,000
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,425,000
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.82%
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12. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 9
CUSIP No. 87157D109 13G
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Level Global Investors, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,425,000
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,425,000
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,425,000
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.82%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 9
CUSIP No. 87157D109 13G
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Level Global, L.L.C.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,425,000
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,425,000
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,425,000
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.82%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 9
CUSIP No. 87157D109 13G
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David Ganek
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,425,000
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,425,000
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,425,000
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.82%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 9
Item 1 (a) Name of Issuer: Synaptics Incorporated
Item 1 (b) Address of Issuer's Principal Executive Offices:
3120 Scott Blvd., Suite 130, Santa Clara, California 95054
Item 2 (a) Name of Person Filing:
(i) Level Global Overseas Master Fund, Ltd. with respect to shares
of common stock beneficially owned by it.
(ii) Level Global Investors, L.P. with respect to shares of common
stock beneficially owned by Level Global Overseas Master Fund, Ltd.
(iii) Level Global, L.L.C. with respect to shares of common stock
beneficially owned by Level Global Investors, L.P. and Level Global
Overseas Master Fund, Ltd.
(iv) David Ganek with respect to shares of common stock beneficially
owned by Level Global, L.L.C, Level Global Investors, L.P. and Level
Global Overseas Master Fund, Ltd.
Item 2 (b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of Level Global Investors,
L.P., Level Global, L.L.C. and David Ganek is 537 Steamboat Road, Suite
400, Greenwich, Connecticut 06830. The address of the principal business
office of Level Global Overseas Master Fund, Ltd. is c/o Citco Fund
Services (Bermuda) Limited, Washington Mall West, 2nd Floor, 7 Reid
Street, Hamilton HM11, Bermuda.
Item 2 (c) Citizenship:
Level Global Investors, L.P. is a Delaware limited partnership. Level
Global, L.L.C. is a Delaware limited liability company. Level Global
Overseas Master Fund, Ltd. is an exempted company incorporated under the
laws of the Cayman Islands. David Ganek is a United States citizen.
Item 2 (d) Title of Class of Securities:
Common Stock, par value $0.001 per share
Page 6 of 9
Item 2 (e) CUSIP Number: 87157D109
Item 3 Not Applicable
Item 4 Ownership.
The percentages used herein are calculated based upon the shares of Common
Stock issued and outstanding as of January 20, 2006 as reported by
Synaptics Incorporated.
(i) Level Global Overseas Master Fund, Ltd. has shared voting and
dispositive powers with respect to (a) 1,175,000 shares of Common Stock,
(b) call options to purchase up to an aggregate of 150,000 shares of
Common Stock by February 30, 2006, and (c) call options to purchase up to
an aggregate of 100,000 shares of Common Stock by March 30, 2006 which, in
the aggregate, constitute approximately 5.82% of such class of securities.
Level Global Overseas Master Fund, Ltd. does not have sole voting or
dispositive powers with respect to such shares of Common Stock.
(ii) Level Global Investors, L.P. has shared voting and dispositive
powers with respect to (a) 1,175,000 shares of Common Stock, (b) call
options to purchase up to an aggregate of 150,000 shares of Common Stock
by February 30, 2006, and (c) call options to purchase up to an aggregate
of 100,000 shares of Common Stock by March 30, 2006 which, in the
aggregate, constitute approximately 5.82% of such class of securities.
Level Global Investors, L.P. does not have sole voting or dispositive
powers with respect to such shares of Common Stock.
(iii) Level Global, L.L.C. has shared voting and dispositive powers
with respect to (a) 1,175,000 shares of Common Stock, (b) call options to
purchase up to an aggregate of 150,000 shares of Common Stock by February
30, 2006, and (c) call options to purchase up to an aggregate of 100,000
shares of Common Stock by March 30, 2006 which, in the aggregate,
constitute approximately 5.82% of such class of securities. Level Global,
L.L.C. does not have sole voting or dispositive powers with respect to
such shares of Common Stock.
(iv) David Ganek has shared voting and dispositive powers with
respect to (a) 1,175,000 shares of Common Stock, (b) call options to
purchase up to an aggregate of 150,000 shares of Common Stock by February
30, 2006, and (c) call options to purchase up to an aggregate of 100,000
shares of Common Stock by March 30, 2006 which, in the aggregate,
constitute approximately 5.82% of such class of securities. David Ganek
does not have sole voting or dispositive powers with respect to such
shares of Common Stock.
Level Global Investors, L.P., Level Global, L.L.C. and David Ganek do not
directly own shares of Common Stock. Pursuant to an investment management
agreement, Level Global Investors, L.P. shares all voting and investment
powers with respect to the securities held by Level Global Overseas Master
Fund, Ltd. Level Global, L.L.C. acts as the general partner of Level
Global Investors, L.P. David Ganek controls Level Global Investors, L.P.
and Level Global, L.L.C.
Page 7 of 9
Item 5 Ownership of Five Percent or Less of a Class
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control
Person
Not applicable
Item 8 Identification and Classification of Members of the Group
Not applicable
Item 9 Notice of Dissolution of Group
Not applicable
Page 8 of 9
Item 10 Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 1, 2006 Level Global Overseas Master Fund, Ltd.
By: Level Global Investors, L.P., as
investment manager to Level Global
Overseas Master Fund, Ltd.
By: Level Global, L.L.C., as general
partner of Level Global Investors, L.P.
By: /s/ David Ganek
-----------------------------------
Name: David Ganek
Title: Managing Member
Level Global Investors, L.P.
By: Level Global, L.L.C., as general
partner of Level Global Investors, L.P.
By: /s/ David Ganek
-----------------------------------
Name: David Ganek
Title: Managing Member
Level Global, L.L.C.
By: /s/ David Ganek
-----------------------------------
Name: David Ganek
Title: Managing Member
David Ganek
/s/ David Ganek
---------------------------------------
Title: Managing Member, Level Global,
L.L.C.
Page 9 of 9