21. Ongoing Chapter 11 Matters

Resolution of Outstanding Claims

Pursuant to the Plan, a claims agent has been appointed to analyze and, at the claims agent’s discretion, contest outstanding disputed claims totaling $1.5 billion, which included the $936.0 million general unsecured proof of claim filed by Spansion Japan as a result of the November 19, 2009 foundry agreement rejection order.

The Company purchased various claims from fiscal 2010 through fiscal 2012. Please refer to the Consolidated Statement of Cash Flows for the purchase of bankruptcy claims.

No matter the resolution of the claims, the shares outstanding will be distributed to holders of current and previously settled claims. The purchase price paid by the Company for all the above claims is recognized in stockholder’s equity as a component of additional paid in capital.

As of December 29, 2013, the Company had resolved all of the outstanding disputed claims with the exception of potential preference claim reserves of $7.2 million, including reserves, and had 0.4 million unregistered shares of Class A common stock relating to the resolution of outstanding disputed claims.