0000810972-13-000012.txt : 20130813 0000810972-13-000012.hdr.sgml : 20130813 20130812182937 ACCESSION NUMBER: 0000810972-13-000012 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130813 DATE AS OF CHANGE: 20130812 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ETF Series Solutions CENTRAL INDEX KEY: 0001540305 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1112 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87582 FILM NUMBER: 131030899 BUSINESS ADDRESS: STREET 1: 615 EAST MICHIGAN ST CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-287-3700 MAIL ADDRESS: STREET 1: 615 EAST MICHIGAN ST CITY: MILWAUKEE STATE: WI ZIP: 53202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAIRD ROBERT W & CO INC /WI/ CENTRAL INDEX KEY: 0000810972 IRS NUMBER: 396037917 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 672 CITY: MILWAUKEE STATE: WI ZIP: 53201 BUSINESS PHONE: 4147653500 MAIL ADDRESS: STREET 1: PO BOX 672 CITY: MILWAUKEE STATE: WI ZIP: 53201 SC 13G/A 1 ALFASC13GA.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* AlphaClone Alternative Alpha ETF, a series of ETF Series Solutions (Name of Issuer) Shares of Beneficial Interests (Title of Class of Securities) 26922A305 (CUSIP Number) July 31, 2013 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] 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 the disclosure 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. 26922A305 ______________________________________________________________________________ 1. Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Robert W. Baird & Co. Incorporated 39-6037917 ______________________________________________________________________________ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] ______________________________________________________________________________ 3. SEC Use Only ______________________________________________________________________________ 4. Citizenship or Place of Organization Wisconsin ______________________________________________________________________________ 5. Sole Voting Power 63,661 6. Shared Voting Power 0 7. Sole Dispositive Power 63,661 8. Shared Dispositive Power 0 ______________________________________________________________________________ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 63,661 ______________________________________________________________________________ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ______________________________________________________________________________ 11. Percent of Class Represented by Amount in Row (9) 12.7% ______________________________________________________________________________ 12. Type of Reporting Person (See Instructions) IA ______________________________________________________________________________ Item 1. (a) Name of Issuer: AlphaClone Alternative Alpha ETF, a series of ETF Series Solutions (b) Address of Issuer's Principal Executive Offices: 615 East Michigan Street Milwaukee, Wisconsin 53202 Item 2. (a) Name of Person Filing: Robert W. Baird & Co. Incorporated (b) Address of Principal Business Office or, if none, Residence: 777 East Wisconsin Avenue Milwaukee, Wisconsin 53202 (c) Citizenship: Wisconsin corporation (d) Title of Class of Securities: Shares of Beneficial Interests (e) CUSIP Number: 26922A305 Item 3. If this statement is filed pursuant to section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (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. 78c). (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 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control plan, in accordance with section 240.13d-1(b)(1)(ii)(G). (Note: See Item 7). (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 section 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. (a) Amount Beneficially Owned: 63,661. All 63,661 Shares of Beneficial Interests ("Shares") are ultimately owned by certain individual and institutional clients for which Robert W. Baird & Co.Incorporated("Baird") serves as investment advisor. Baird may be deemed to beneficially own such Shares within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Act"), by virtue of the investment discretion and voting authority granted to Baird by such clients over such Shares.The investment discretion and voting authority granted to Baird may be revoked at any time. (b) Percent of Class: 12.7%. The percentage was calculated based upon 500,000 Shares of Beneficial Interest outstanding at August 7, 2013, as reported by the Issuer. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 63,661. (ii) Shared power to vote or to direct the vote 0. (iii) Sole power to dispose or to direct the disposition of 63,661. (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. Certain individual and institutional clients of Baird ultimately own all of the Shares included on this Schedule and have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of such Shares. No one client has granted Baird investment discretion or voting authority over 5% or more of the Issuer's Shares of Beneficial Interests outstanding. 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. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. August 9, 2013 Date /s/ Paul L. Schultz _____ Signature Paul L. Schultz, Secretary & General Counsel Name/Title SCHEDULE 13G AlphaClone Alternative Alpha ETF, a series of ETF Series Solutions CUSIP No. 26922A305 Page 6 of 6 Page 1 of 6