Prospectus Supplement No. 7

Filed Pursuant to Rule 424(b)(7)

Registration No. 333-122149

 

PROSPECTUS SUPPLEMENT NO. 7

TO PROSPECTUS DATED DECEMBER 1, 2005

 

50,000,987

 

LOGO

 

COMMON SHARES

 

 

This prospectus supplement supplements information contained in the prospectus dated December 1, 2005 covering resale by selling shareholders of 50,000,987 of our common shares. This prospectus supplement is not complete without, and may not be delivered or utilized except in connection with, the prospectus, including any amendments or supplements thereto.

 

 

Investing in our common shares involves risk. See “Risk Factors” beginning on page 2 of the prospectus.

 

 

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS SUPPLEMENT OR THE PROSPECTUS TO WHICH IT RELATES. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

 

The information in the table appearing under the caption “Selling Shareholders” in the prospectus is amended by adding the information below with respect to persons not previously listed in the prospectus or in any amendments or supplements thereto and by superseding the information with respect to a person previously listed in a prospectus supplement to the prospectus:

 

Name of Selling Shareholder

    Prior to the Offering
    Number of
Common
Shares
Registered for
Resale
   After the Offering
   Number of
Common Shares
Beneficially
Owned
   Percentage
of Common
Shares
Outstanding
      Number of
Common Shares
Beneficially
Owned
    Percentage of
Common
Shares
Outstanding

Equity Investor Transferee:

                       

Community Foundation Silicon Valley1

    117,072   *    117,072   —    *

Episcopal Charities2

    9,756   *    9,756   —    *

Fidelity Charitable Gift Fund3

    5,853   *    5,853   —    *

Hutchins Family Foundation, Inc.4

    78,0485   *    78,0485   —    *

President & Fellows of Harvard College6

    1,951   *    1,951   —    *
  * Less than one percent of the Seagate common shares outstanding as of January 19, 2006.

 

  1 Peter Hero is the President of the Community Foundation Silicon Valley and exercises dispositive power over the Seagate common shares.

 

  2 Sally Coates, Executive Director, Julia Davidson, Board President, Clay Jones, Board Treasurer, and Elizabeth Hoadley, Finance Director, exercise dispositive power over the Seagate common shares.

 

  3 The Board of Trustees of the Fidelity Charitable Gift Fund exercises dispositive power over the Seagate common shares. The members of the Board of Trustees are Rudman J. Ham, Thomas R. Powers, Anne-Marie Soulliere, Scott Bergeson, Melvin R. Seiden and Anna Spangler Nelson.

 

  4 Glenn H. Hutchins, Chairman, Director and Treasurer of the Hutchins Family Foundation, Inc., and Deborah D. Hutchins, Director, President and Secretary of the Hutchins Family Foundation, Inc., exercise dispositive power over the Seagate common shares.

 

  5 This number does not include approximately 22,916 exercisable options to purchase Seagate common shares under Seagate’s stock options plans held by Glenn Hutchins, who is a member of the board of directors of Seagate.

 

  6 Any two of the following officers of Harvard Management Company, Inc. acting together can exercise dispositive power over the Seagate common shares pursuant to authority delegated to them by the President & Fellows of Harvard College: James Rothenberg, Peter Nadosy, Nancy Donohue, Meredith Lewis, Daniel Kelly, Jennifer Pline and Gary Snerson.

 

 

The date of this prospectus supplement is January 25, 2006.