-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MabyTkBXhJlxx6Q9BdumVrBZ7vWKJrRdQzR7CWdR4uLRMzfKHGIMpuAmdCj39fLK +hmTRkLRWBw6v3F0uVvMwQ== 0001104659-08-026853.txt : 20080425 0001104659-08-026853.hdr.sgml : 20080425 20080425135335 ACCESSION NUMBER: 0001104659-08-026853 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080425 DATE AS OF CHANGE: 20080425 GROUP MEMBERS: DOUGLAS GRANAT GROUP MEMBERS: LAWRENCE A. OBERMAN GROUP MEMBERS: STEVEN G. SIMON GROUP MEMBERS: TRIGRAN INVESTMENTS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL TECHNICAL INSTITUTE INC CENTRAL INDEX KEY: 0001261654 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 860226984 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79434 FILM NUMBER: 08777017 BUSINESS ADDRESS: STREET 1: 20410 NORTH 19TH AVENUE STREET 2: SUITE 200 CITY: PHOENIX STATE: AZ ZIP: 85027 BUSINESS PHONE: 623-445-9500 MAIL ADDRESS: STREET 1: 20410 NORTH 19TH AVENUE STREET 2: SUITE 200 CITY: PHOENIX STATE: AZ ZIP: 85027 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Trigran Investments, Inc. CENTRAL INDEX KEY: 0001336800 IRS NUMBER: 363825728 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3201 OLD GLENVIEW ROAD STREET 2: SUITE 235 CITY: WILMETTE STATE: IL ZIP: 60091 BUSINESS PHONE: 8472518300 MAIL ADDRESS: STREET 1: 3201 OLD GLENVIEW ROAD STREET 2: SUITE 235 CITY: WILMETTE STATE: IL ZIP: 60091 SC 13G/A 1 a08-12565_1sc13ga.htm SC 13G/A

 

 

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

(Rule 13d-102)

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

Universal Technical Institute, Inc.

(Name of Issuer)

Common Stock, par value $.0001 per share

(Title of Class of Securities)

913915104

(CUSIP Number)

April 21, 2008

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in 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. 913915104

 

 

1.

Names of Reporting Persons
S.S. or I.R.S. Identification No. of above person
Trigran Investments, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Illinois company

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
2,007,061 shares of Common Stock

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
2,007,061 shares of Common Stock

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,007,061 shares of Common Stock

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
Approximately 7.95% as of April 21, 2008 (based on 25,252,321 shares of Common Stock issued and outstanding on February 5, 2008, as indicated on Universal Technical Institute, Inc.’s Form 10-Q for the period ended December 31, 2007, and filed on February 8, 2008).

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

2



 

CUSIP No. 913915104

 

 

1.

Names of Reporting Persons
S.S. or I.R.S. Identification No. of above person
Trigran Investments, L.P. (1)

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Illinois limited partnership

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
1,268,255 shares of Common Stock

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
1,268,255 shares of Common Stock

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,268,255 shares of Common Stock

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
Approximately 5.02% as of April 21, 2008 (based on 25,252,321 shares of Common Stock issued and outstanding on February 5, 2008, as indicated on Universal Technical Institute, Inc.’s Form 10-Q for the period ended December 31, 2007, and filed on February 8, 2008).

 

 

12.

Type of Reporting Person (See Instructions)
PN


(1) This Schedule 13G filing represents an initial filing for Trigran Investments L.P., which, at the time of the initial filing by the other filing persons herein on February 28, 2008, owned less than 5% of the issued and outstanding shares.

 

3



 

CUSIP No. 913915104

 

 

1.

Names of Reporting Persons
S.S. or I.R.S. Identification No. of above person
Douglas Granat

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
U.S. Citizen

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
2,007,061 shares of Common Stock

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
2,007,061 shares of Common Stock

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,007,061 shares of Common Stock

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
Approximately 7.95% as of April 21, 2008 (based on 25,252,321 shares of Common Stock issued and outstanding on February 5, 2008, as indicated on Universal Technical Institute, Inc.’s Form 10-Q for the period ended December 31, 2007, and filed on February 8, 2008).

 

 

12.

Type of Reporting Person (See Instructions)
IN/HC

 

4



 

CUSIP No. 913915104

 

 

1.

Names of Reporting Persons
S.S. or I.R.S. Identification No. of above person
Lawrence A. Oberman

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
U.S. Citizen

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
2,007,061 shares of Common Stock

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
2,007,061 shares of Common Stock

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,007,061 shares of Common Stock

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
Approximately 7.95% as of April 21, 2008 (based on 25,252,321 shares of Common Stock issued and outstanding on February 5, 2008, as indicated on Universal Technical Institute, Inc.’s Form 10-Q for the period ended December 31, 2007, and filed on February 8, 2008).

 

 

12.

Type of Reporting Person (See Instructions)
IN/HC

 

5



 

CUSIP No. 913915104

 

 

1.

Names of Reporting Persons
S.S. or I.R.S. Identification No. of above person
Steven G. Simon

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
U.S. Citizen

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
2,007,061 shares of Common Stock

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
2,007,061 shares of Common Stock

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,007,061 shares of Common Stock

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
Approximately 7.95% as of April 21, 2008 (based on 25,252,321 shares of Common Stock issued and outstanding on February 5, 2008, as indicated on Universal Technical Institute, Inc.’s Form 10-Q for the period ended December 31, 2007, and filed on February 8, 2008).

 

 

12.

Type of Reporting Person (See Instructions)
IN/HC

 

6



Item 1.

 

(a)

Name of Issuer
Universal Technical Institute, Inc.

 

(b)

Address of Issuer’s Principal Executive Offices
20410 North 19th Avenue
Suite 200
Phoenix, Arizona 85027

 

Item 2.

 

(a)

Name of Person Filing

 

(b)

Address of Principal Business Office or, if none, Residence

 

(c)

Citizenship

Trigran Investments, Inc.

630 Dundee Road, Suite 230

Northbrook, IL 60062

Illinois company

 

Trigran Investments, L.P.

630 Dundee Road, Suite 230

Northbrook, IL 60062

Illinois limited partnership

 

Douglas Granat

630 Dundee Road, Suite 230

Northbrook, IL 60062

U.S. Citizen

 

Lawrence A. Oberman

630 Dundee Road, Suite 230

Northbrook, IL 60062

U.S. Citizen

 

Steven G. Simon

630 Dundee Road, Suite 230

Northbrook, IL 60062

U.S. Citizen

 

(d)

Title of Class of Securities
Common Stock, par value $.0001 per share

 

(e)

CUSIP Number
913915104

 

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:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

If this statement is filed pursuant to Rule 13d-1(c), check this box. x

 

 

7



 

Item 4.

Ownership (2)

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned:   

Incorporated by reference to Item 9 of the cover page pertaining to each reporting person.

 

(b)

Percent of class:   

Incorporated by reference to Item 11 of the cover page pertaining to each reporting person.

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote    

Incorporated by reference to Item 5 of the cover page pertaining to each reporting person.

 

 

(ii)

Shared power to vote or to direct the vote    

Incorporated by reference to Item 6 of the cover page pertaining to each reporting person.

 

 

(iii)

Sole power to dispose or to direct the disposition of   

Incorporated by reference to Item 7 of the cover page pertaining to each reporting person.

 

 

(iv)

Shared power to dispose or to direct the disposition of   

Incorporated by reference to Item 8 of the cover page pertaining to each reporting person.


(2) Douglas Granat, Lawrence A. Oberman and Steven G. Simon are the controlling shareholders and sole directors of Trigran Investments, Inc. and thus may be considered the beneficial owners of shares beneficially owned by Trigran Investments, Inc.

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

Not Applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not Applicable.

 

Item 8.

Identification and Classification of Members of the Group

Not Applicable.

 

Item 9.

Notice of Dissolution of Group

Not Applicable.

 

 

 

8



 

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

Signature

 

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.

 

Dated ths 25th day of April, 2008.

 

TRIGRAN INVESTMENTS, INC.

 

/s/ Lawrence A. Oberman

 

Lawrence A. Oberman

Executive Vice President

 

TRIGRAN INVESTMENTS, L.P.

 

/s/ Lawrence A. Oberman

 

Lawrence A. Oberman

Executive Vice President and Director of Trigran Investments, Inc., the General Partner of Trigran Investments, L.P.

 

/s/ Lawrence A. Oberman

 

Lawrence A. Oberman

 

/s/ Douglas Granat

 

Douglas Granat

 

/s/ Steven G. Simon

 

Steven G. Simon

 

 

9



 

INDEX TO EXHIBITS

 

PAGE

 

 

 

EXHIBIT 1: Agreement to Make a Joint Filing

 

11

 

 

10


EX-1 2 a08-12565_1ex1.htm EX-1

Exhibit 1

 

EXHIBIT 1 TO SCHEDULE 13G

 

April 25, 2008

 

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, TRIGRAN INVESTMENTS, INC., TRIGRAN INVESTMENTS, L.P., DOUGLAS GRANAT, LAWRENCE A. OBERMAN and STEVEN G. SIMON each hereby agree to the joint filing of this statement on Schedule 13G (including any and all amendments hereto).  In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. A copy of this Agreement shall be attached as an exhibit to the Statement on Schedule 13G filed on behalf of each of the parties hereto, to which this Agreement relates.

 

This Agreement may be executed in multiple counterparts, each of which shall constitute an original, one and the same instrument.

 

TRIGRAN INVESTMENTS, INC.

 

By:

/s/ Lawrence A. Oberman

 

 

Name: Lawrence A. Oberman

 

Title: Executive Vice President and Director

 

TRIGRAN INVESTMENTS, L.P.

 

By:

/s/ Lawrence A. Oberman

 

 

Name: Lawrence A. Oberman

 

Title: Executive Vice President and Director of Trigran Investments, Inc., the General Partner of Trigran Investments, L.P.

 

DOUGLAS GRANAT

 

 

 

 

/s/Douglas Granat

 

 

 

 

LAWRENCE A. OBERMAN

 

 

 

 

 

/s/ Lawrence A. Oberman

 

 

 

 

STEVEN G. SIMON

 

 

 

 

 

/s/ Steven G. Simon

 

 

 

 

 

11


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