Edgar Filing: THINKORSWIM GROUP INC.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE TO
(Rule 14d-100)
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934

(Amendment No. 5)

thinkorswim Group Inc.
(Name of Subject Company (Issuer) and Filing Person (Offeror))

Options to Purchase Common Stock, par value $0.01 per share
(Title of Class of Securities)

88409C105
(CUSIP Number of Common Stock Underlying Class of Securities)

Ida K. Kane
thinkorswim Group Inc.
(formerly known as Investools Inc.)
45 Rockefeller Plaza, Suite 2012
New York, New York 10111
(801) 816-6918
(Name, Address and Telephone Numbers of Person Authorized
to Receive Notices and Communications on Behalf of Filing Persons)

Copies to:
Ethan A. Klingsberg, Esq. and Benet J. O'Reilly, Esq.
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, New York 10006
(212) 225-2000

CALCULATION OF FILING FEE

Transaction Valuation*		Amount of Filing Fee**



$14,350,595		$800.76

*: Estimated solely for purposes of calculating the amount of the filing fee. The calculation of the Transaction Valuation assumes that all options having an exercise price equal to or greater than $9.95 (which is the threshold exercise price (as defined below) assumed for purposes of calculating the amount of the filing fee only, based on the closing price of a share of TD AMERITRADE Holding Corporation's common stock, par value $0.01 per share, rounded to the nearest one-tenth of a cent, as reported on The NASDAQ Global Select Market on April 16, 2009) will be eligible for exchange and will be tendered pursuant to this exchange offer. These options have an aggregate value of $14,350,595 as of April 16, 2009, calculated using a Black-Scholes option pricing model based on a price per share of the issuer's common stock of $9.695, the average of the high and low prices of the issuer's common stock as reported on The NASDAQ Global Market on April 16, 2009.
**: The amount of the filing fee, calculated in accordance with the Securities Exchange Act of 1934, as amended, is calculated by multiplying the Transaction Valuation by 0.00005580.
ý: Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.


	Amount Previously Paid: $800.76		Filing Party: thinkorswim Group Inc.
	Form or Registration No.: 005-79294		Date Filed: April 17, 2009

o: Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

o: third-party tender offer subject to Rule 14d-1.
ý: issuer tender offer subject to Rule 13e-4.
o: going-private transaction subject to Rule 13e-3.
o: amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ý

This Amendment No. 5 (this "Amendment No. 5") is the final amendment to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission (the "Commission") on April 17, 2009 (the "Schedule TO"), as amended and supplemented by Amendment No. 1 filed on April 24, 2009 ("Amendment No. 1"), Amendment No. 2 filed on May 8, 2009 ("Amendment No. 2"), Amendment No. 3 filed on June 9, 2009 ("Amendment No. 3") and Amendment No. 4 filed on June 10, 2009 ("Amendment No. 4"), relating to an offer by thinkorswim Group Inc. (the "Company") to its eligible employees and independent contractors to exchange outstanding "underwater" options to purchase shares of the Company's common stock granted under the thinkorswim Group Inc. Second Amended and Restated 2001 Stock Option Plan, the Telescan, Inc. Amended and Restated 1995 Stock Option Plan, the Telescan, Inc. 2000 Stock Option Plan and the Telescan, Inc. Amended and Restated Stock Option Plan for new grants of thinkorswim restricted stock units (the "exchange offer").

Except as expressly amended and supplemented herein, all terms of the exchange offer and all disclosures as set forth in the Schedule TO and the exhibits thereto, as amended and supplemented by Amendment No. 1, Amendment No. 2, Amendment No. 3 and Amendment No. 4, remain unchanged and are incorporated herein by reference.

Items 4. Terms of the Transaction

Item 4(a) of the Schedule TO is hereby amended and supplemented to add the following:

The exchange offer, including the right to withdraw an election to participate, expired at 4:00 p.m., Eastern Time, on Thursday, June 11, 2009. Pursuant to the terms and subject to the conditions of the exchange offer as set forth in the Offer to Exchange Eligible Stock Options for Restricted Stock Units (the "Offer to Exchange"), a total of 99 "Eligible Individuals" (as defined in the Offer to Exchange) participated in the exchange offer by electing to exchange 2,422,229 "Eligible Options" (as defined in the Offer to Exchange), representing 91.7% of the 2,640,553 Eligible Options that were eligible to be tendered in the exchange offer. All validly tendered Eligible Options have been accepted for exchange. 812,310 Restricted Stock Units have been granted in exchange for the cancelled options, in accordance with the terms and conditions of the Offer to Exchange.

EXHIBIT INDEX

		Document

(a)(1)(A)	*	Offer to Exchange Eligible Stock Options for Restricted Stock Units, dated April 17, 2009
(a)(1)(B)	*	Form of Communication to Eligible Individuals Announcing the Exchange Offer
(a)(1)(C)	*	Election Form
(a)(1)(D)	*	Form of Election Withdrawal Notice
(a)(1)(E)	*	Form of Personal Summary Statement
(a)(1)(F)	*	Proposed Form of Second Amended and Restated 2001 Stock Option Plan as amended to permit the grant of Restricted Stock Units
(a)(1)(G)	*	Proposed Form of Restricted Stock Unit Agreement (Non-Key Management)
(a)(1)(H)	*	Proposed Form of Restricted Stock Unit Agreement (Key Management)
(a)(1)(I)	*	Notice of Threshold Exercise Price
(a)(1)(J)		Agreement and Plan of Merger, dated as of January 8, 2009, by and among TD AMERITRADE, Tango Acquisition Corporation One, Tango Acquisition Corporation Two and the Company (incorporated by reference to Exhibit 2.1 of the Current Report on Form 8-K filed by the Company with the Commission on January 12, 2009)
(a)(1)(K)		Proxy Statement/Prospectus (incorporated by reference to the proxy statement/prospectus included in Amendment No. 2 to the Registration Statement on Form S-4 filed by TD AMERITRADE with the Commission on April 24, 2009, as further amended from time to time)
(a)(1)(L)	**	Form of Communication to Eligible Individuals Delivering a Personalized Statement of the Exchange Ratio Calculation
(a)(1)(M)	**	Tender Offer Conversion Form
(a)(1)(N)	***	Form of Communication to Eligible Individuals Regarding the Exchange Offer
(a)(1)(O)	****	Press Release filed June 9, 2009 (Special Meeting Results)
(a)(1)(P)	*****	Press Release filed June 10, 2009 (Threshold Exercise Price)
(a)(1)(Q)	*****	Form of Communication to Eligible Individuals Announcing the Expiration of the Tender Offer
(b)		Not applicable
(d)(1)		The thinkorswim Group Inc. Second Amended and Restated 2001 Stock Option Plan (incorporated by reference to Exhibit 10.1 of the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2008, filed by the Company with the Commission on August 8, 2008)
(d)(2)		The Telescan, Inc. Amended and Restated 1995 Stock Option Plan (incorporated by reference to Exhibit 99.1 to the Registration Statement on Form S-8 filed by Telescan, Inc. with the Commission on November 21, 2000)
(d)(3)		The Telescan, Inc. 2000 Stock Option Plan (incorporated by reference to Exhibit 99.2 to the Registration Statement on Form S-8 filed by Telescan, Inc. with the Commission on November 21, 2000)

Exhibit No.			Document

	(d)(4)		The Telescan, Inc. Amended and Restated Stock Option Plan (incorporated by reference to Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 filed by Telescan, Inc. with the Commission on February 2, 1994)
	(d)(5)		Voting Agreement, dated as of January 8, 2009, by and between TD AMERITRADE and Lee Barba (incorporated by reference to Exhibit 99.1 of Amendment No. 1 to Schedule 13D filed by Lee Barba with the Commission on January 8, 2009)
	(d)(6)		Voting Agreement, dated as of January 8, 2009, by and between TD AMERITRADE and Tom Sosnoff (incorporated by reference to Exhibit 99.1 of Amendment No. 1 to Schedule 13D filed by Tom Sosnoff with the Commission on January 9, 2009)
	(d)(7)		Voting Agreement, dated as of January 8, 2009, by and between TD AMERITRADE and Tom Sosnoff, as trustee of the Tom Sosnoff Living Trust (incorporated by reference to Exhibit 99.2 of Amendment No. 1 to Schedule 13D filed by Tom Sosnoff with the Commission on January 9, 2009)
	(d)(8)		Voting Agreement, dated as of January 8, 2009, by and between TD AMERITRADE and Scott Sheridan (incorporated by reference to Exhibit 99.1 of Amendment No. 1 to Schedule 13D filed by Scott Sheridan with the Commission on January 9, 2009)
	(g)		Not applicable
	(h)		Not applicable

*: Previously filed on April 17, 2009 as an exhibit to the Schedule TO.
**: Previously filed on April 24, 2009 as an exhibit to Amendment No. 1 to the Schedule TO.
***: Previously filed on May 8, 2009 as an exhibit to Amendment No. 2 to the Schedule TO.
****: Previously filed on June 9, 2009 as an exhibit to Amendment No. 3 to the Schedule TO.
*****: Previously filed on June 10, 2009 as an exhibit to Amendment No. 4 to the Schedule TO.

SIGNATURE

After due 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.


		THINKORSWIM GROUP INC.
		By:		/s/ LEE BARBA
		Name:		Lee Barba
		Title:		Chairman and Chief Executive Officer
		Date:		June 11, 2009

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Items 4. Terms of the Transaction

EXHIBIT INDEX
SIGNATURE