0001162893-13-000001.txt : 20130130 0001162893-13-000001.hdr.sgml : 20130130 20130130130039 ACCESSION NUMBER: 0001162893-13-000001 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130130 DATE AS OF CHANGE: 20130130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STABOSZ TIMOTHY J CENTRAL INDEX KEY: 0001162893 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 1307 MONROE STREET CITY: LA PORTE STATE: IN ZIP: 46350 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HUTCHINSON TECHNOLOGY INC CENTRAL INDEX KEY: 0000772897 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 410901840 STATE OF INCORPORATION: MN FISCAL YEAR END: 0924 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37228 FILM NUMBER: 13557875 BUSINESS ADDRESS: STREET 1: 40 W HIGHLAND PARK CITY: HUTCHINSON STATE: MN ZIP: 55350 BUSINESS PHONE: 3205873797 MAIL ADDRESS: STREET 1: 40 W HIGHLAND PARK STREET 2: 40 W HIGHLAND PARK CITY: HUTCHINSON STATE: MN ZIP: 55350 SC 13D/A 1 htch13d2.txt SCHEDULE 13D AMENDMENT #1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (AMENDMENT NO. 1) Under the Securities Exchange Act of 1934 HUTCHINSON TECHNOLOGY, INC. ------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK ------------------------------------------------------------------------------- (Title of class of securities) 448407106 -------------------------------------------------------- (CUSIP number) TIMOTHY J. STABOSZ, 1307 MONROE STREET, LAPORTE, IN 46350 (219) 324-5087 ------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) JANUARY 22, 2013 -------------------------------------------------------- (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [_] The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 448407106 -------------------------------------------------------------------------------- 1. Name of Reporting Person TIMOTHY JOHN STABOSZ -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] NOT APPLICABLE (b) [_] -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) PF -------------------------------------------------------------------------------- 5. Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization UNITED STATES -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 978,663 Shares ____________________________________________ Beneficially (8) Shared Voting Power 0 Owned by ____________________________________________ Each (9) Sole Dispositive Power 978,663 Reporting ____________________________________________ Person With (10) Shared Dispositive Power 0 -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned 978,663 by each Reporting Person -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes [_] Certain Shares -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 4.1% -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN -------------------------------------------------------------------------------- The reporting person hereby amends and restates the following items: ITEM 3. Source and Amount of Funds or Other Consideration Personal funds in the aggregate amount of $2,308,075.11 have been used to effect the purchases. No part of the purchase price represents borrowed funds. ITEM 4. Purpose of Transaction The reporting person continues to hold the shares for investment purposes. While the reporting person continues to believe the shares are materially undervalued, as a result of the significant percent increase in the share price, in order to meet portfolio diversification requirements, the reporting person has reduced his ownership level to 4.1%, from the 5.5% previously reported in Schedule 13D filed on November 13, 2012. The reporting person may increase (including going back above 5% ownership) or decrease his ownership position in the shares, going forward, based upon the price level of the shares, in the broader context of his investment, trading, margin, speculation, or other needs and purposes. ITEM 5. Interest in Securities of the Issuer At the close of business on January 29, 2013, the reporting person has sole voting and dispositive power over 978,663 shares of Hutchinson Technology's common stock. According to the company's most recent Form 10-K, as of December 5, 2012, there were 24,045,618 common shares outstanding. The reporting person is therefore deemed to own 4.1% of the company's common stock. Such ownership level terminates any further reporting obligation under Section 13D of the Act. Transactions effected by the reporting person, in the 60 days prior to the January 22, 2013 "trigger" date, were performed in ordinary brokerage transactions, and are indicated as follows: 11/30/12 bought 5000 shares @ $1.56 12/04/12 bought 10,000 shares @ $1.55 12/10/12 sold 10,200 shares @ $1.724 12/11/12 sold 9800 shares @ $1.761 12/12/12 sold 5000 shares @ $1.96 12/13/12 sold 5000 shares @ $1.901 12/17/12 sold 12,805 shares @ $1.973 12/18/12 sold 3145 shares @ $1.974 12/19/12 sold 3200 shares @ $2.022 12/21/12 sold 10,000 shares @ $1.939 12/26/12 sold 5000 shares @ $1.99 12/31/12 sold 5000 shares @ $1.944 1/03/13 sold 10,460 shares @ $2.152 1/04/13 sold 10,000 shares @ $2.165 1/07/13 sold 5000 shares @ $2.22 1/16/13 sold 35,000 shares @ $2.453 1/17/13 sold 5000 shares @ $2.54 1/18/13 sold 50,608 shares @ $2.61 1/22/13 sold 54,392 shares @ $2.905 1/23/13 sold 5000 shares @ $3.09 1/24/13 sold 6300 shares @ $3.086 1/28/13 sold 60,000 shares @ $2.653 1/29/13 sold 6025 shares @ $2.698 ITEM 7. Material to be Filed as Exhibits Not Applicable SIGNATURES 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 01/30/13 Signature Timothy J. Stabosz Name/Title Timothy J. Stabosz, Private Investor