-----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, WdHMpu2dLVOaxfcoedJn0jMYLx/n23IybZ4478JlgCVOK1QW55k1Hy1+xBw9Hipr tLZicGahc/omRca7wk5oWQ== 0001104659-06-006491.txt : 20060207 0001104659-06-006491.hdr.sgml : 20060207 20060207143312 ACCESSION NUMBER: 0001104659-06-006491 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060207 DATE AS OF CHANGE: 20060207 GROUP MEMBERS: DANIEL J. DONOGHUE GROUP MEMBERS: DISCOVERY EQUITY PARTNERS, L.P. GROUP MEMBERS: MICHAEL R. MURPHY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ULTRA CLEAN HOLDINGS INC CENTRAL INDEX KEY: 0001275014 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 611430858 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79796 FILM NUMBER: 06585116 MAIL ADDRESS: STREET 1: 150 INDEPENDENCE DRIVE CITY: MENLO PARK STATE: CA ZIP: 94025 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Discovery Group I, LLC CENTRAL INDEX KEY: 0001312548 IRS NUMBER: 300075077 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: HYATT CENTER, 24TH FLOOR STREET 2: 71 SOUTH WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: (312) 920-2131 MAIL ADDRESS: STREET 1: HYATT CENTER, 24TH FLOOR STREET 2: 71 SOUTH WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 SC 13G/A 1 a06-4228_3sc13ga.htm BENEFICIAL OWNERSHIP OF 5% OR MORE

 

 

UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires:
December 31, 2005

 

SCHEDULE 13G

Estimated average
burden hours per
response. . 11

 

Under the Securities Exchange Act of 1934
(Amendment No.  2 )*

 

Ultra Clean Holdings, Inc.

(Name of Issuer)

 

Common Stock, par value $.001 per share

(Title of Class of Securities)

 

90385V107

(CUSIP Number)

 

December 31, 2005

(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)

ý

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.  90385V107

 

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Discovery Equity Partners, L.P.

 

 

 

 

 

2.

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

 

 

 

Not Applicable.

 

 

 

(a)

o

 

 

 

 

 

 

(b)

o

 

 

 

 

 

 

3.

SEC Use Only

 

 

 

 

 

4.

Citizenship or Place of Organization
Illinois

 

 

 

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
None.

 

 

 

6.

Shared Voting Power 
937,315 Shares

 

 

 

7.

Sole Dispositive Power 
None.

 

 

 

8.

Shared Dispositive Power
937,315 Shares

 

 

 

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
937,315 Shares

 

 

 

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
Not Applicable

 

 

 

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.7 %

 

 

 

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

 

 

 

2



 

CUSIP No.  90385V107

 

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Discovery Group I, LLC

 

 

 

 

 

2.

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

 

 

 

Not Applicable.

 

 

 

(a)

o

 

 

 

 

 

 

(b)

o

 

 

 

 

 

 

3.

SEC Use Only

 

 

 

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
None.

 

 

 

6.

Shared Voting Power 
1,105,830 Shares

 

 

 

7.

Sole Dispositive Power 
None.

 

 

 

8.

Shared Dispositive Power
1,105,830 Shares

 

 

 

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,105,830 Shares

 

 

 

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
Not Applicable

 

 

 

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.7 %

 

 

 

 

 

12.

Type of Reporting Person (See Instructions)
OO

 

 

 

 

3



 

CUSIP No.  90385V107

 

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Daniel J. Donoghue

 

 

 

 

 

2.

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

 

 

 

Not Applicable.

 

 

 

(a)

o

 

 

 

 

 

 

(b)

o

 

 

 

 

 

 

3.

SEC Use Only

 

 

 

 

 

4.

Citizenship or Place of Organization
U.S.A.

 

 

 

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With 

5.

Sole Voting Power
None.

 

 

 

6.

Shared Voting Power 
1,105,830 Shares

 

 

 

7.

Sole Dispositive Power 
None.

 

 

 

8.

Shared Dispositive Power
1,105,830 Shares

 

 

 

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,105,830 Shares

 

 

 

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
Not Applicable

 

 

 

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.7 %

 

 

 

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

 

 

 

4



 

CUSIP No.  90385V107

 

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Michael R. Murphy

 

 

 

 

 

2.

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

 

 

 

Not Applicable.

 

 

 

(a)

o

 

 

 

 

 

 

(b)

o

 

 

 

 

 

 

3.

SEC Use Only

 

 

 

 

 

4.

Citizenship or Place of Organization
U.S.A.

 

 

 

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With 

5.

Sole Voting Power
None.

 

 

 

6.

Shared Voting Power 
1,105,830 Shares

 

 

 

7.

Sole Dispositive Power 
None.

 

 

 

8.

Shared Dispositive Power
1,105,830 Shares

 

 

 

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,105,830 Shares

 

 

 

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
Not Applicable.

 

 

 

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.7 %

 

 

 

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

 

 

 

5



 

Item 1.

 

 

(a)

Name of Issuer
Ultra Clean Holdings, Inc.

 

 

 

 

(b)

Address of Issuer’s Principal Executive Offices
150 Independence Drive, Menlo Park, California 94025-1136

 

 

 

 

Item 2.

 

(a)

Name of Person Filing

 

Discovery Equity Partners, L.P. (“Discovery Partners”)

Discovery Group I, LLC, the general partner of Discovery Partners (“Discovery Group”)

Daniel J. Donoghue, a Managing Member of Discovery Group

Michael R. Murphy, a Managing Member of Discovery Group

 

 

 

 

(b)

Address of Principal Business Office or, if none, Residence

 

Discovery Partners, Discovery Group, Mr. Donoghue, and Mr. Murphy are all located at:

Hyatt Center, 24th Floor, 71 South Wacker Drive, Chicago, Illinois 60606

 

 

 

 

(c)

Citizenship

 

Discovery Partners is an Illinois limited partnership

Discovery Group is a Delaware limited liability company

Mr. Donoghue and Mr. Murphy are U.S. citizens

 

 

 

 

(d)

Title of Class of Securities
Common Stock, par value $.001 per share

 

 

 

 

(e)

CUSIP Number
90385V107

 

 

 

 

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.

 

 

(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 associations 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).

 

6



 

Item 4.

Ownership

 

 

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:

 

Discovery Partners – 937,315
Discovery Group – 1,105,830
Mr. Donoghue – 1,105,830
Mr. Murphy – 1,105,830

 

 

 

 

 

 

 

(b)

Percent of class:

 

Discovery Partners – 5.7%
Discovery Group – 6.7%
Mr. Donoghue – 6.7%
Mr. Murphy – 6.7%

 

The foregoing percentages are based on 16,437,650 shares of Common Stock of the Issuer identified in Item 1 outstanding as of October 31, 2005, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2005.

 

 

 

 

 

 

 

(c)

Number of shares as to which the person has:

 

 

 

 

 

 

(i)

Sole power to vote or to direct the vote

 

None

 

 

 

 

 

 

 

 

 

 

(ii)

Shared power to vote or to direct the vote

 

Discovery Partners – 937,315
Discovery Group – 1,105,830
Mr. Donoghue – 1,105,830
Mr. Murphy– 1,105,830

 

 

 

 

 

 

 

 

 

 

(iii)

Sole power to dispose or to direct the disposition of

 

None

 

 

 

 

 

 

(iv)

Shared power to dispose or to direct the disposition of

 

Discovery Partners – 937,315
Discovery Group – 1,105,830
Mr. Donoghue – 1,105,830
Mr. Murphy – 1,105,830

 

 

 

 

 

 

 

 

 

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

 

 

The shares reported herein have been acquired on behalf of discretionary clients of Discovery Group, including Discovery Partners.  Such discretionary clients are entitled to receive all dividends from, and proceeds from the sale of, those shares.  Except for Discovery Partners, none of those discretionary clients, to the knowledge of Discovery Partners, Discovery Group, Mr. Donoghue, or Mr. Murphy, has an economic interest in more than 5% of the class.

 

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.

 

7



 

Item 8.

Identification and Classification of Members of the Group

 

 

Not Applicable.

 

 

 

Item 9.

Notice of Dissolution of Group

 

 

Not Applicable.

 

 

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.

 

8



 

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.

 

 

February 7, 2006

 

Date

 

 

 

DISCOVERY GROUP I, LLC,

 

for itself and as general partner of

 

DISCOVERY EQUITY PARTNERS, L.P.

 

 

 

 

 

/s/ Michael R. Murphy

 

Signature

 

 

 

Michael R. Murphy, Managing Member

 

Name/Title

 

 

 

 

 

/s/ Daniel J. Donoghue

 

Signature

 

 

 

Daniel J. Donoghue

 

Name/Title

 

 

 

 

 

/s/ Michael R. Murphy

 

Signature

 

 

 

Michael R. Murphy

 

Name/Title

 

9



 

Exhibit Index

 

Exhibit 1

 

Joint Filing Agreement dated as of February 7, 2006, by and among Discovery Equity Partners, L.P., Discovery Group I, LLC; Daniel J. Donoghue; and Michael R. Murphy.

 


EX-1 2 a06-4228_3ex1.htm JOINT FILING AGREEMENT

EXHIBIT 1

 

JOINT FILING AGREEMENT

 

The undersigned hereby agree to the joint filing of Amendment No. 2 to the Schedule 13G to which this Agreement is attached.

 

Dated:  February 7, 2006

 

 

 

DISCOVERY GROUP I, LLC,

 

for itself and as general partner of

 

DISCOVERY EQUITY PARTNERS, L.P.

 

 

 

 

 

By

/s/ Michael R. Murphy

 

 

 

Michael R. Murphy

 

 

Managing Member

 

 

 

 

 

 

 

/s/ Daniel J. Donoghue

 

 

Daniel J. Donoghue

 

 

 

 

 

/s/ Michael R. Murphy

 

 

Michael R. Murphy

 


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