CUSIP: 682189105
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7
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Item 1(a). Name of Issuer: ON Semiconductor Corporation (the Issuer)
Item 1(b). Address of Issuers Principal Executive Officers: 5005 E. McDowell Road, Phoenix, Arizona 85008
Item 2(a). Name of Person Filing:
Spring Creek
Capital, LLC (Spring Creek)
SCC Holdings, LLC (SCC Holdings)
Beaverhead Capital, LLC (Beaverhead Capital)
Koch
Holdings, LLC (Koch Holdings)
Koch Industries, Inc. (Koch Industries)
(Each a Reporting Person, and collectively, the Reporting Persons).
Item 2(b). Address or Principal Business Office or, if None, Residence:
The principal business office for all Reporting Persons filing is:
4111 E. 37th Street North
Wichita, KS 67220
Item 2(c). Citizenship: See Item 4
of each cover page.
Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value per share (Common
Stock).
Item 2(e). CUSIP No.: 682189105.
Item 3. If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned: See Item 9 of each cover page.
(b) Percent of class: See Item 11 of each cover page. Calculated using 410,020,679 shares of common stock outstanding as of May 6, 2020, as reported in
the Form 10-Q filed by ON Semiconductor Corporation on May 11, 2020.
(c) Number of shares as to which the
person has:
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(i)
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Sole power to vote or to direct the vote: See Item 5 of each cover page.
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(ii)
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Shared power to vote or to direct the vote: See Item 6 of each cover page.
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(iii)
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Sole power to dispose or to direct the disposition of: See Item 7 of each cover page.
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(iv)
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Shared power to dispose or to direct the disposition of: See Item 8 of each cover page.
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Spring Creek is 100% owned by SCC Holdings, and SCC Holdings is 100% owned by Koch Industries. Beaverhead Capital is 100% owned by Koch Holdings, and Koch
Holdings is managed by Koch Industries.
Koch Industries and SCC Holdings may be deemed to beneficially own the Issuer Common Stock held by Spring Creek
by virtue of Koch Industries ownership of SCC Holdings and SCC Holdings ownership of Spring Creek. The filing of this Schedule 13G shall not be construed as an admission that either SCC Holdings or Koch Industries is, for purposes of
Sections 13(d) or 13(g) of the Exchange Act, the beneficial owner of any Common Stock covered by this Schedule 13G.