SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

 

 

SUN MICROSYSTEMS, INC.

(Name of Issuer)

 

COMMON STOCK

(Title and Class of Securities)

 

866810203

(CUSIP Number)

 

Paulson & Co. Inc.

1251 Avenue of the Americas

New York, New York 10020

(212) 956-2221

 

December 31, 2009

(Date of Event Which Requires Filing of this Statement)

 

(Continued on the Following Pages)

 

 


CUSIP No. 866810203

 

1.

NAMES OF REPORTING PERSONS

 

IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

 

Paulson & Co. Inc.

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

a.

[   ]

 

b.

[X]

 

3.

SEC USE ONLY

 

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

State of Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

5.

Sole Voting Power

 

 

74,000,000 (see Note 1 to Item 4 below)

 

6.

SHARED VOTING POWER

 

 

None

 

7.

SOLE DISPOSITIVE POWER

 

 

74,000,000 (see Note 1 to Item 4 below)

 

8.

SHARED DISPOSITIVE POWER

 

 

None

 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

74,000,000 (see Note 1 to Item 4 below)

 

10.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

9.82%

 

11.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 

IA

 


Item 1(a).

Name of Issuer:

 

 

Sun Microsystems, Inc.

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

 

4150 Network Circle

Santa Clara, CA 95054

 

Item 2(a).

Name of Person Filing:

 

 

Paulson & Co. Inc.

 

Item 2(b).

Address of Principal Business Office:

 

 

1251 Avenue of the Americas, New York, NY 10020

 

Item 2(c).

Citizenship:

 

 

Delaware corporation

 

Item 2(d).

Title of Class of Securities:

 

 

Common Stock

 

Item 2(e).

CUSIP Number:

 

 

866810203

 

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether

 

the person filing is a:

 

This statement is filed pursuant to Rule 13d-1(b). The person filing it has not acquired the securities with any purpose, or with the effect of, changing or influencing the control of the issuer, or in connection with or as a participant in any transaction having that purpose or effect, including any transaction subject to Rule 13d-3(b); is not a person reporting pursuant to paragraph Rule 13d-1(b)(1); and is not directly or indirectly the beneficial owner of 20% or more of the class of securities indicated above.

 

Item 4.

Ownership

 

Item 4(a).

Amount beneficially owned: 74,000,000 (see Note 1)

 

Item 4(b).

Percent of class: 9.82%

 

Item 4(c).

Number of shares as to which such person has:

 

(i) Sole power to vote or direct the vote: 74,000,000 (see Note 1)

 

(ii) Shared power to vote or direct the vote: None

 

(iii) Sole power to dispose or direct disposition of: 74,000,000 (see Note 1)

 

(iv) Shared power to dispose or direct disposition of: None

 

 


Note 1: Paulson & Co. Inc. (“Paulson”), an investment advisor that is registered under the Investment Advisors Act of 1940, furnishes investment advice to and manages onshore and offshore investment funds and to separate managed accounts (such investment funds and accounts, the “Funds”). In its role as investment advisor, or manager, Paulson possesses voting and/or investment power over the securities of the Issuer described in this schedule that are owned by the Funds. All securities reported in this schedule are owned by the Funds. Paulson disclaims beneficial ownership of such securities.

 

Item 5.

Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following

[  ].

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

 

All securities reported in this schedule are owned by Paulson’s advisory clients, none of which to Paulson’s knowledge owns more than 5% of the class. Paulson itself disclaims beneficial ownership of all such securities.

 

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.

 

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.

 

Date:

Tuesday, February 16, 2010

 

Signature:

 

/s/ Stuart L. Merzer

Stuart L. Merzer

General Counsel & Chief Compliance Officer, Paulson & Co. Inc.