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.
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(Name of issuer)
COMMON STOCK
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(Title of class of securities)
448407106
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(CUSIP number)
TIMOTHY J. STABOSZ, 1307 MONROE STREET, LAPORTE, IN 46350 (219) 324-5087
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(Name, address and telephone number of person authorized to receive notices and
communications)
JANUARY 22, 2013
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(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
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1. Name of Reporting Person
TIMOTHY JOHN STABOSZ
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2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_]
NOT APPLICABLE (b) [_]
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3. SEC Use Only
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4. Source of Funds (See Instructions) PF
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5. Check Box If Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [_]
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6. Citizenship or Place of Organization UNITED STATES
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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
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11. Aggregate Amount Beneficially Owned 978,663
by each Reporting Person
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes [_]
Certain Shares
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13. Percent of Class Represented by Amount in Row (11) 4.1%
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14. Type of Reporting Person (See Instructions) IN
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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