0000909518-12-000168.txt : 20120501 0000909518-12-000168.hdr.sgml : 20120501 20120501160530 ACCESSION NUMBER: 0000909518-12-000168 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120501 DATE AS OF CHANGE: 20120501 GROUP MEMBERS: BERKSHIRE FUND VII-A L.P. GROUP MEMBERS: BERKSHIRE INVESTORS III LLC GROUP MEMBERS: BERKSHIRE INVESTORS IV LLC GROUP MEMBERS: BERKSHIRE PARTNERS LLC GROUP MEMBERS: STOCKBRIDGE ABSOLUTE RETURN FUND L.P. GROUP MEMBERS: STOCKBRIDGE FUND L.P. GROUP MEMBERS: STOCKBRIDGE FUND M L.P. GROUP MEMBERS: STOCKBRIDGE MASTER FUND (OS) L.P. GROUP MEMBERS: STOCKBRIDGE PARTNERS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CARTERS INC CENTRAL INDEX KEY: 0001060822 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 133912933 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79675 FILM NUMBER: 12800633 BUSINESS ADDRESS: STREET 1: THE PROSCENIUM STREET 2: 1170 PEACHTREE STREET NE SUITE 900 CITY: ATLANTA STATE: GA ZIP: 30309 BUSINESS PHONE: (404) 745-2700 MAIL ADDRESS: STREET 1: THE PROSCENIUM STREET 2: 1170 PEACHTREE STREET NE SUITE 900 CITY: ATLANTA STATE: GA ZIP: 30309 FORMER COMPANY: FORMER CONFORMED NAME: CARTER HOLDINGS INC DATE OF NAME CHANGE: 19980430 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE FUND VII L.P. CENTRAL INDEX KEY: 0001374109 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O BERKSHIRE PARTNERS LLC STREET 2: 200 CLARENDON STREET, 35TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-227-0050 MAIL ADDRESS: STREET 1: C/O BERKSHIRE PARTNERS LLC STREET 2: 200 CLARENDON STREET, 35TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: BERKSHIRE FUND VII L P DATE OF NAME CHANGE: 20060829 SC 13D/A 1 mm05-0112carters_sc13da3.htm SCHEDULE 13D/A AMENDMENT NO.3 mm05-0112carters_sc13da3.htm
 
 


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 

 
Carter’s, Inc.
(Name of Issuer)
 
 
Common Stock, par value $0.01 per share
(Title of class of securities)
 
 
146229109
(CUSIP number)
 
 
Sharlyn C. Heslam
Berkshire Partners LLC
200 Clarendon St., 35th Floor
Boston, MA 02116
(617) 227-0050
(Name, address and telephone number of person authorized to receive notices and communications)
 
 
April 30, 2012
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ].
 
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
 
*  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 disclosures provided in a prior cover page.
 
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 (the “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. 146229109
13D
Page 2

 
 
1.
 
NAME OF REPORTING PERSON:  Berkshire Fund VII, L.P.
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
6,292,496 (see Item 5)
 
8.
 
SHARED VOTING POWER:
 
0
 
9.
 
SOLE DISPOSITIVE POWER:
 
6,292,496 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
6,292,496 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
10.7% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 

 
 

 
 
 
 

CUSIP No. 146229109
13D
Page 3


 
 
1.
 
NAME OF REPORTING PERSON:  Berkshire Fund VII-A, L.P.
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
1,176,400 (see Item 5)
 
8.
 
SHARED VOTING POWER:
 
0
 
9.
 
SOLE DISPOSITIVE POWER:
 
1,176,400 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
1,176,400 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
2.0% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 

 
 

 
 
 
 

CUSIP No. 146229109
13D
Page 4


 
 
1.
 
NAME OF REPORTING PERSON:  Berkshire Investors IV LLC
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
180,712 (see Item 5)
 
8.
 
SHARED VOTING POWER:
 
0
 
9.
 
SOLE DISPOSITIVE POWER:
 
180,712 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
180,712 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
0.3% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 

 
 

 
 
 
 

CUSIP No. 146229109
13D
Page 5


 
 
1.
 
NAME OF REPORTING PERSON:  Berkshire Investors III LLC
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Massachusetts
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
77,440 (see Item 5)
 
8.
 
SHARED VOTING POWER:
 
0
 
9.
 
SOLE DISPOSITIVE POWER:
 
77,440 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
77,440 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
0.1% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 

 
 

 
 
 
 

CUSIP No. 146229109
13D
Page 6


 
 
1.
 
NAME OF REPORTING PERSON:  Stockbridge Fund, L.P.
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
500,802 (see Item 5)
 
8.
 
SHARED VOTING POWER:
 
0
 
9.
 
SOLE DISPOSITIVE POWER:
 
500,802 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
500,802 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
0.9% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 

 
 

 
 
 
 

CUSIP No. 146229109
13D
Page 7


 
 
1.
 
NAME OF REPORTING PERSON:  Stockbridge Absolute Return Fund, L.P.
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
2,668 (see Item 5)
 
8.
 
SHARED VOTING POWER:
 
0
 
9.
 
SOLE DISPOSITIVE POWER:
 
2,668 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
2,668 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
less than 0.1% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 

 
 

 
 
 
 

CUSIP No. 146229109
13D
Page 8


 
 
1.
 
NAME OF REPORTING PERSON:  Stockbridge Partners LLC
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
0
 
8.
 
SHARED VOTING POWER:
 
127,471 (see Item 5)
 
9.
 
SOLE DISPOSITIVE POWER:
 
127,471 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
127,471 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
0.2% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 

 
 

 
 
 
 

CUSIP No. 146229109
13D
Page 9


 
 
1.
 
NAME OF REPORTING PERSON:  Berkshire Partners LLC
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Massachusetts
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
22,682 (see Item 5)
 
8.
 
SHARED VOTING POWER:
 
0
 
9.
 
SOLE DISPOSITIVE POWER:
 
22,682 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
22,682 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
less than 0.1% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 

 
 

 
 
 
 

CUSIP No. 146229109
13D
Page 10


 
 
1.
 
NAME OF REPORTING PERSON:  Stockbridge Fund M, L.P.
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
94,094 (see Item 5)
 
8.
 
SHARED VOTING POWER:
 
0
 
9.
 
SOLE DISPOSITIVE POWER:
 
94,094 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
94,094 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
0.2% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 

 
 

 
 
 
 

CUSIP No. 146229109
13D
Page 11

 
 
 
1.
 
NAME OF REPORTING PERSON:  Stockbridge Master Fund (OS), L.P.
 
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 
(a)  [   ]
(b)  [X]
 
3.
 
SEC USE ONLY
 
4.
 
SOURCE OF FUNDS:     OO
 
5.
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [  ]
 
6.
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7.
 
SOLE VOTING POWER:
 
53,517 (see Item 5)
 
8.
 
SHARED VOTING POWER:
 
0
 
9.
 
SOLE DISPOSITIVE POWER:
 
53,517 (see Item 5)
 
10.
 
SHARED DISPOSITIVE POWER:
 
0
 
11.
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
53,517 (see Item 5)
 
12.
 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
 
 
[  ]
 
13.
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
0.1% (see Item 5)*
 
14.
 
 
TYPE OF REPORTING PERSON:
 
PN
 
* Percentage calculation is based on the number of shares of Common Stock outstanding as of April 27, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012.
 
 
 
 
 

 
 

 


 
           This Amendment No. 3 (“Amendment No. 3”) amends the Schedule 13D first filed with the U.S. Securities and Exchange Commission (“SEC”) on May 24, 2011 and as subsequently amended (the “Schedule 13D”), and is filed by Berkshire Fund VII, L.P. (“Fund VII”), Berkshire Fund VII-A, L.P. (“Fund VII-A”), Berkshire Investors IV LLC (“Investors IV”), Berkshire Investors III LLC (“Investors III”), Stockbridge Fund, L.P. (f/k/a Stockbridge Special Situations Fund, L.P.) (“SF”), Stockbridge Absolute Return Fund, L.P. (“SARF”), Stockbridge Partners LLC (“SP”), Berkshire Partners LLC (“BP”), Stockbridge Fund M, L.P. (“SFM”), and Stockbridge Master Fund (OS), L.P. (“SOS”) (each a “Reporting Person” and collectively the “Reporting Persons”), with respect to the common stock, par value $0.01 per share (the “Common Stock”), of Carter’s, Inc. (the “Company” or the “Issuer”).  Unless otherwise indicated, all capitalized terms used and not defined herein have the respective meanings assigned to them in the Schedule 13D.
 
Item 4.                      Purpose of Transaction.
 
Item 4 is supplemented as follows:
 
As disclosed in Item 5(c) of this Amendment No. 3, certain Reporting Persons sold shares of Common Stock in open market transactions.  The Reporting Persons intend to review their investment in the Issuer continually. Depending upon the results of such review and other factors that the Reporting Persons deem relevant to an investment in the Issuer, the Reporting Persons may, at any time and from time to time, sell, transfer or otherwise dispose of shares of Common Stock in public or private transactions, including by distribution to their respective partners and members.
 
Item 5.                                Interests in the Securities of the Issuer.
 
Item 5 is supplemented as follows:
 
(a) and (b) The responses of the Reporting Persons to Rows (7) through (13) of the cover pages of this Amendment No. 3, as of close of business on May 1, 2012, are incorporated herein by reference.  As of close of business on May 1, 2012, the Reporting Persons beneficially owned in the aggregate 8,528,282 shares of Common Stock, representing approximately 14.5% of the shares of Common Stock outstanding (based on the number of shares outstanding as of April 27, 2012, being 58,938,891 shares of Common Stock, as reported in the Issuer’s Form 10-Q for the quarterly period ended March 31, 2012).
 
As the sole general partner of Fund VII and Fund VII-A, 7BA may be deemed to beneficially own the shares of Common Stock held by Fund VII and Fund VII-A.  However, 7BA disclaims beneficial ownership of such shares of Common Stock, and the filing of this Amendment No. 3 shall not be construed as an admission that 7BA is, for the purpose of Section 13(d) of the Act (or any other purpose), the beneficial owner of such shares held by Fund VII and Fund VII-A.  As the sole general partner of SF, SARF, SFM and SOS, SA may be deemed to beneficially own shares of Common Stock held by SF, SARF, SFM and SOS.  However, SA disclaims beneficial ownership of such shares of Common Stock, and the filing of this Amendment No. 3 shall not be construed as an admission that SA is, for the purpose of Section
 

 
12

 

13(d) of the Act (or any other purpose), the beneficial owner of such shares held by SF, SARF, SFM and SOS.
 
By virtue of their positions as managing members of 7BA, Investors IV, Investors III, SA and BP, the Berkshire Principals may be deemed to possess indirect beneficial ownership of the shares of Common Stock beneficially owned by Fund VII, Fund VII-A, Investors IV, Investors III, SF, SARF, SFM, SOS and SP.  However, none of the Berkshire Principals, acting alone, has voting or investment power with respect to shares beneficially owned by Fund VII, Fund VII-A, Investors IV, Investors III, SF, SARF, SFM, SOS and SP, and, as a result, each Berkshire Principal disclaims beneficial ownership of such shares of Common Stock.
 
As of close of business on May 1, 2012, three of the Berkshire Principals beneficially own shares of Common Stock.  Specifically, Bradley M. Bloom has sole voting and dispositive power with respect to 150,004 shares of Common Stock, representing approximately 0.3% of the shares of Common Stock outstanding, Christopher J. Hadley has sole voting and dispositive power with respect to 6,560 shares of Common Stock, representing less than 0.1% of the shares of Common Stock outstanding, and Michael C. Ascione has shared voting and dispositive power with respect to 7,918 shares of Common Stock, representing less than 0.1% of the shares of Common Stock outstanding.
 
 
 
 
13

 
 
 
 
 
(c)  During the 60 calendar days preceding the date of this Amendment No. 3, the following transactions were effected:
 
 
Reporting
Person
 
 
 
Date
(M/D/Y)
 
 
 
Transaction
 
 
 
Number of Shares of Common Stock*
 
 
 
Price per
Share*
 
 
 
Price Range*
 
 
SF
 
 
 
4/26/2012
 
 
 
Sale
 
 
 
186,561
 
 
 
$55.7260
 
 
 
$55.40
 
 
$56.39
 
 
SFM
 
 
4/26/2012
 
Sale
 
 
18,643
 
 
 
$55.7260
 
 
 
$55.40
 
 
$56.39
 
 
SARF
 
 
4/26/2012
 
Sale
 
 
1,638
 
 
 
$55.7260
 
 
 
$55.40
 
 
$56.39
 
 
SOS
 
 
4/26/2012
 
Sale
 
 
19,170
 
 
 
$55.7260
 
 
 
$55.40
 
 
$56.39
 
 
SP
 
 
4/26/2012
 
Sale
 
 
74,670
 
 
 
$55.7260
 
 
 
$55.40
 
 
$56.39
 
 
SF
 
 
4/26/2012
 
Sale
 
 
4,840
 
 
 
$56.6121
 
 
 
$56.40
 
 
$56.77
 
 
SFM
 
 
4/26/2012
 
Sale
 
 
484
 
 
 
$56.6121
 
 
 
$56.40
 
 
$56.77
 
 
SARF
 
 
4/26/2012
 
Sale
 
 
42
 
 
 
$56.6121
 
 
 
$56.40
 
 
$56.77
 
 
SOS
 
 
4/26/2012
 
Sale
 
 
497
 
 
 
$56.6121
 
 
 
$56.40
 
 
$56.77
 
 
SP
 
 
4/26/2012
 
Sale
 
 
1,937
 
 
 
$56.6121
 
 
 
$56.40
 
 
$56.77
 
 
SF
 
 
 
4/27/2012
 
 
Sale
 
 
151,250
 
 
 
$55.3539
 
 
 
$55.00
 
 
$55.625
 
 
SFM
 
 
4/27/2012
 
Sale
 
 
15,716
 
 
 
$55.3539
 
 
 
$55.00
 
 
$55.625
 
 
SARF
 
 
4/27/2012
 
Sale
 
 
1,305
 
 
 
$55.3539
 
 
 
$55.00
 
 
$55.625
 
 
SOS
 
 
4/27/2012
 
Sale
 
 
15,571
 
 
 
$55.3539
 
 
 
$55.00
 
 
$55.625
 
 
SP
 
 
4/27/2012
 
Sale
 
 
59,488
 
 
 
$55.3539
 
 
 
$55.00
 
 
$55.625
 
 
SF
 
 
 
4/30/2012
 
 
Sale
 
 
149,087
 
 
 
$54.2987
 
 
 
$54.15
 
 
$54.92
 
 
SFM
 
 
4/30/2012
 
Sale
 
 
15,359
 
 
$54.2987
 
 
$54.15
 
 
$54.92
 
 
SARF
 
 
4/30/2012
 
Sale
 
 
1,291
 
 
$54.2987
 
 
$54.15
 
 
$54.92
 
 
SOS
 
 
4/30/2012
 
Sale
 
 
15,345
 
 
$54.2987
 
 
$54.15
 
 
$54.92
 
 
SP
 
 
4/30/2012
 
Sale
 
 
58,918
 
 
$54.2987
 
 
$54.15
 
 
$54.92
 
 
*The number of securities reported represents an aggregate number of shares executed by a broker-dealer in multiple open market transactions over a range of prices.  The price per share reported represents the weighted average price (without regard to brokerage commissions).  The applicable Reporting Person undertakes to provide the staff of the SEC upon request, the number of shares executed by such Reporting Person at each separate price within the range.
 
Except as disclosed in Item 5(c) of this Amendment No. 3, none of the Reporting Persons, 7BA, SA, or, to their knowledge, any of their respective executive officers, directors, general partners, or managing members, as applicable, and none of the Berkshire Principals has effected a transaction in Common Stock during the 60 calendar days preceding the date of this Amendment No. 3.
 
(d)  The responses of the Reporting Persons to Item 5(a) and (b) of this Amendment No. 3 are incorporated herein by reference.  Under certain circumstances, partners, members or managed accounts of a Reporting Person, as the case may be, could have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Common Stock owned by such Reporting Person.
 
(e)  Not applicable.
 
 

 

 
14

 

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.
 

 
Dated:  May 1, 2012
 
 
 
BERKSHIRE FUND VII, L.P.
   
 
By:
Seventh Berkshire Associates LLC,
its general partner
     
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director

 
BERKSHIRE FUND VII-A, L.P.
   
 
By:
Seventh Berkshire Associates LLC,
its general partner
     
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director

 
BERKSHIRE INVESTORS IV LLC
   
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director

 
BERKSHIRE INVESTORS III LLC
   
 
By:
Seventh Berkshire Associates LLC,
its general partner
     
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director
 
 
 
 
 
15

 
 
 

 
STOCKBRIDGE FUND, L.P.
   
 
By:
Stockbridge Associates LLC,
its general partner
     
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director
 
 
STOCKBRIDGE ABSOLUTE RETURN FUND, L.P.
   
 
By:
Stockbridge Associates LLC,
its general partner
     
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director

 
STOCKBRIDGE PARTNERS LLC
   
 
By:
Berkshire Partners LLC,
its sole managing member
 
By:
Berkshire Partners Holdings LLC,
its managing member
 
     
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director

 
BERKSHIRE PARTNERS LLC
   
 
By:
Berkshire Partners Holdings LLC,
its managing member
     
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director
 
 
 
 
 
 
 
16

 
 
 

 
STOCKBRIDGE FUND M, L.P.
   
 
By:
Stockbridge Associates LLC,
its general partner
     
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director

 
STOCKBRIDGE MASTER FUND (OS), L.P.
   
 
By:
Stockbridge Associates LLC,
its general partner
     
 
By:
/s/  Sharlyn C. Heslam
   
Name:
Sharlyn C. Heslam
   
Title:
Managing Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
17