Schedule 13G Amendment No. 5

-----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, MuY9/buKyIA81mJq9TQ8NXfVsmIenACICXC66qVLvHe4DFRo8ZoXQNl9CWIioQ5z FVGymYP80Wo64ykbCL5+qA== 0001193125-10-032384.txt : 20100216 0001193125-10-032384.hdr.sgml : 20100215 20100216164730 ACCESSION NUMBER: 0001193125-10-032384 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100216 DATE AS OF CHANGE: 20100216 GROUP MEMBERS: PROSPECT HARBOR CREDIT PARTNERS, L.P. GROUP MEMBERS: SANKATY CREDIT OPPORTUNITIES, L.P. GROUP MEMBERS: SANKATY HIGH YIELD PARTNERS II, L.P GROUP MEMBERS: SANKATY HIGH YIELD PARTNERS III, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DDI CORP CENTRAL INDEX KEY: 0001104252 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 061576013 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59219 FILM NUMBER: 10608925 BUSINESS ADDRESS: STREET 1: 1220 SIMON CIRCLE CITY: AHAMEIM STATE: CA ZIP: 92806 BUSINESS PHONE: 7146887200 MAIL ADDRESS: STREET 1: 1220 SIMON CIRCLE CITY: AHAHEIM STATE: CA ZIP: 92806 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sankaty High Yield Asset Grantor Trust CENTRAL INDEX KEY: 0001456525 IRS NUMBER: 266557399 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O SANKATY ADVISORS, LLC STREET 2: 111 HUNTINGTON AVENUE CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 6175162000 MAIL ADDRESS: STREET 1: C/O SANKATY ADVISORS, LLC STREET 2: 111 HUNTINGTON AVENUE CITY: BOSTON STATE: MA ZIP: 02199 SC 13G/A 1 dsc13ga.htm SCHEDULE 13G AMENDMENT NO. 5 Schedule 13G Amendment No. 5

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

Information Statement Pursuant to Rules 13d-1 and 13d-2

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

DDi Corp

(Name of issuer)

Common Stock, $.001 par value

(Title of class of securities)

233162502

(CUSIP number)

December 31, 2009

(Date of event which requires filing of this statement)

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

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ 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 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 (“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).

Page 1 of 9


		13G		Page 2 of 9 Pages


CUSIP No. 233162502
1.	Names of reporting persons S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sankaty High Yield Asset Grantor Trust EIN No.: 26-6557399
2.	Check the appropriate box if a member of a group (a) x (b) ¨
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 123,825 Shares
		6.	Shared voting power 0
		7.	Sole dispositive power 123,825 Shares
		8.	Shared dispositive power 0
9.	Aggregate amount beneficially owned by each reporting person 123,825 Shares
10.	Check box if the aggregate amount in Row (9) excludes certain shares ¨
11.	Percent of class represented by amount in Row (9) 0.63%
12.	Type of reporting person PN


		13G		Page 3 of 9 Pages


CUSIP No. 233162502
1.	Names of reporting persons S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sankaty High Yield Partners II, L.P EIN No.: 04-3490549
2.	Check the appropriate box if a member of a group (a) x (b) ¨
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 297,810 Shares
		6.	Shared voting power 0
		7.	Sole dispositive power 297,810 Shares
		8.	Shared dispositive power 0
9.	Aggregate amount beneficially owned by each reporting person 297,810 Shares
10.	Check box if the aggregate amount in Row (9) excludes certain shares ¨
11.	Percent of class represented by amount in Row (9) 1.5%
12.	Type of reporting person PN


		13G		Page 4 of 9 Pages


CUSIP No. 233162502
1.	Names of reporting persons S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sankaty High Yield Partners III, L.P. EIN No.: 04-3554845
2.	Check the appropriate box if a member of a group (a) x (b) ¨
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 297,810 Shares
		6.	Shared voting power 0
		7.	Sole dispositive power 297,810 Shares
		8.	Shared dispositive power 0
9.	Aggregate amount beneficially owned by each reporting person 297,810 Shares
10.	Check box if the aggregate amount in Row (9) excludes certain shares ¨
11.	Percent of class represented by amount in Row (9) 1.5%
12.	Type of reporting person PN


		13G		Page 5 of 9 Pages


CUSIP No. 233162502
1.	Names of reporting persons S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sankaty Credit Opportunities, L.P. EIN No.: 51-0422167
2.	Check the appropriate box if a member of a group (a) x (b) ¨
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 921,797 Shares
		6.	Shared voting power 0
		7.	Sole dispositive power 921,797 Shares
		8.	Shared dispositive power 0
9.	Aggregate amount beneficially owned by each reporting person 921,797 Shares
10.	Check box if the aggregate amount in Row (9) excludes certain shares ¨
11.	Percent of class represented by amount in Row (9) 4.66%
12.	Type of reporting person PN


		13G		Page 6 of 9 Pages


CUSIP No. 233162502
1.	Names of reporting persons S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Prospect Harbor Credit Partners, L.P. EIN No.: 20-0606486
2.	Check the appropriate box if a member of a group (a) x (b) ¨
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 112,821 Shares
		6.	Shared voting power 0
		7.	Sole dispositive power 112,821 Shares
		8.	Shared dispositive power 0
9.	Aggregate amount beneficially owned by each reporting person 112,821 Shares
10.	Check box if the aggregate amount in Row (9) excludes certain shares ¨
11.	Percent of class represented by amount in Row (9) 0.57%
12.	Type of reporting person PN

Item 1

(a).

Name of Issuer

The name of the issuer to which this filing on Schedule 13G Amendment relates is DDi Corp (the “Company”).

Item 1

(b).

Address of Issuer’s Principal Executive Offices

The principal executive offices of the Company are located at 1220 Simon Circle, Anaheim, CA 92806.

Item 2

(a).

Name of Person Filing

This statement is being filed on behalf of Sankaty High Yield Asset Grantor Trust, a Trust governed by the laws of Delaware (“Sankaty I”), Sankaty High Yield Partners II, L.P., a Delaware limited partnership (“Sankaty II”), Sankaty High Yield Partners III, L.P., a Delaware limited partnership (“Sankaty III”), Sankaty Credit Opportunities, L.P., a Delaware limited partnership (“SCO”), and Prospect Harbor Credit Partners, L.P., a Delaware limited partnership (“PH”).

Sankaty High Yield Asset Investors, LLC (“Sankaty HIYA”), a Delaware limited liability company, is the Trustee of Sankaty I. Sankaty Investors, LLC (“Sankaty Investors”), a Delaware limited liability company, is the managing member of Sankaty HIYA. Sankaty High Yield Asset Investors II, LLC (“Sankaty HIYA II”), a Delaware limited liability company, is the general partner of Sankaty II. Sankaty Investors II, LLC (“Sankaty Investors II”), a Delaware limited liability company, is the managing member of Sankaty HIYA II. Sankaty High Yield Asset Investors III, LLC (“Sankaty HIYA III”), a Delaware limited liability company, is the general partner of Sankaty III. Sankaty Investors III, LLC (“Sankaty Investors III”), a Delaware limited liability company, is the member of Sankaty HIYA III. Sankaty Credit Opportunities Investors LLC (“Sankaty Credit Investors”), a Delaware limited liability company, is the general partner of SCO. Sankaty Credit Member, LLC (“Sankaty Credit Member”) is the managing member of Sankaty Credit Investors. Prospect Harbor Investors LLC (“PHI”), a Delaware limited liability company is the general partner of PH. Sankaty Credit Member is the managing member of PHI. Mr. Jonathan S. Lavine is the managing member of each of Sankaty Investors, Sankaty Investors II, Sankaty Investors III and Sankaty Credit Member.

The Reporting Persons have entered into a Joint Filing Agreement, dated February 17, 2009, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934.

Item 2

(b).

Address of Principal Business Office or, if none, Residence

The principal business address of each of Sankaty I, Sankaty II, Sankaty III, SCO, and PH is 111 Huntington Avenue, Boston, Massachusetts 02199.

Item 2

(c).

Citizenship

Each of Sankaty I, Sankaty II, Sankaty III , SCO, and PH is organized under the laws of the State of Delaware. Mr. Jonathan S. Lavine is a citizen of the United States of America.

Item 2

(d).

Title of Class of Securities

The class of equity securities of the Company to which this filing on Schedule 13G/A relates is New Common Stock, par value $0.001 per share (“Common Stock”).

Item 2

(e).

CUSIP Number

The CUSIP number of the Company’s Common Stock is 233162502.

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)

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

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c).

(c)

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

(d)

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

(e)

An investment adviser in accordance with §13d-1(b)(1)(ii)(E).

(f)

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

(g)

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

(h)

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

(i)

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)

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

If this statement is filed pursuant to §240.13d-1(c), check this box.


Item 4.	Ownership

Item 4	(a).	Amount beneficially owned

		As of the close of business on December 31, 2009, Sankaty I owned 123,825 shares of Common Stock of the Company. Sankaty HIYA is the general partner of Sankaty I. Sankaty Investors is the managing member of Sankaty HIYA. Mr. Jonathan S. Lavine is the managing member of Sankaty Investors.

		As of the close of business on December 31, 2009, Sankaty II owned 297,810 shares of Common Stock of the Company. Sankaty HIYA II is the general partner of Sankaty II. Sankaty Investors II is the managing member of Sankaty HIYA II. Mr. Jonathan S. Lavine is the managing member of Sankaty Investors II.

		As of the close of business on December 31, 2009, Sankaty III owned 297,810 shares of Common Stock of the Company. Sankaty HIYA III is the general partner of Sankaty III. Sankaty Investors III is the managing member of Sankaty HIYA III. Mr. Jonathan S. Lavine is the managing member of Sankaty Investors III.

		As of the close of business on December 31, 2009, SCO owned 921,797 shares of Common Stock of the Company. Sankaty Credit Investors is the general partner of SCO. Sankaty Credit Member is the managing member of Sankaty Credit Investors. Mr. Jonathan S. Lavine is the managing member of Sankaty Credit Member.

		As of the close of business on December 31, 2009, PH owned 112,821 shares of Common Stock of the Company. PHI is the general partner of PH. Sankaty Credit Member is the managing member of PHI. Mr. Jonathan S. Lavine is the managing member of Sankaty Credit Member.

		No person other than the respective owner referred to herein of the shares of Common Stock of the Company is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such shares of Common Stock of the Company.

Item 4	(b).	Percent of Class

		As of the close of business on December 31, 2009, Sankaty I owned 0.63% of the Common Stock outstanding of the Company, Sankaty II owned 1.5% of the Common Stock outstanding of the Company, Sankaty III owned 1.5% of the Common Stock outstanding of the Company, SCO owned 4.66% of the Common Stock outstanding of the Company, and PH owned 0.57% of the Common Stock outstanding of the Company. Together, as of the close of business on December 31, 2008, Sankaty I, Sankaty II, Sankaty III, SCO and PH owned 8.86% of the Common Stock outstanding of the Company. The aggregate percentage of Common Stock reported owned by Sankaty I, Sankaty II, Sankaty III, SCO, and PH is based upon 19,791,594 shares of Common Stock outstanding, which is the total number of shares of Common Stock outstanding as of October 26, 2009, based on representations made in the Company’s Form 10-Q for the quarter ending September 30, 2009, filed with the Securities and Exchange Commission on October 28, 2009.

Item 4	(c).	Number of shares as to which such person has:

		(i)	sole power to vote or to direct the vote:

			Sankaty I 123,825 Sankaty II 297,810 Sankaty III 297,810 SCO 921,797 PH 112,821

		(ii)	shared power to vote or to direct the vote:

			0

		(iii)	sole power to dispose or to direct the disposition of:

			Sankaty I 123,825 Sankaty II 297,810 Sankaty III 297,810 SCO 921,797 PH 112,821

		(iv)	shared power to dispose or to direct the disposition of:

			0

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 ¨.

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:

	Not Applicable.

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, the undersigned certifies that, to the best of its 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.

Dated: February 16, 2010


SANKATY HIGH YIELD ASSET GRANTOR TRUST

By:		Sankaty High Yield Asset Investors, LLC, its Trustee
By:		Sankaty Investors, LLC, its managing member

By:		/s/ Jonathan S. Lavine
		Name: Jonathan S. Lavine
		Title: Managing Member

SANKATY HIGH YIELD PARTNERS II, L.P.

By:		Sankaty High Yield Asset Investors II, LLC, its general partner
By:		Sankaty Investors II, LLC, its managing member

By:		/s/ Jonathan S. Lavine
		Name: Jonathan S. Lavine
		Title: Managing Member

SANKATY HIGH YIELD PARTNERS III, L.P.

By:		Sankaty High Yield Asset Investors III, LLC, its general partner
By:		Sankaty Investors III, LLC, its managing member

By:		/s/ Jonathan S. Lavine
		Name: Jonathan S. Lavine
		Title: Managing Member


SANKATY CREDIT OPPORTUNITIES, L.P.

By:		Sankaty Credit Opportunities Investors, LLC, its general partner
By:		Sankaty Credit Member, LLC, its managing member

By:		/s/ Jonathan S. Lavine
		Name: Jonathan S. Lavine
		Title: Managing Member

PROSPECT HARBOR CREDIT PARTNERS, L.P.

By:		Prospect Harbor Investors, LLC, its general partner
By:		Sankaty Credit Member, LLC, its managing member

By:		/s/ Jonathan S. Lavine
		Name: Jonathan S. Lavine
		Title: Managing Member

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