-----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, Tqr5Jv5dxA4cnHL80oTwJfNeQBjPC7JtNm8H6VlEaQFi/97lDHzPvNT3Nw1P8IP+ Q5nwK5v3gZE+4L0mdguFrw== 0001085256-02-000010.txt : 20020414 0001085256-02-000010.hdr.sgml : 20020414 ACCESSION NUMBER: 0001085256-02-000010 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020128 GROUP MEMBERS: RS DIVERSIFIED GROWTH FUND GROUP MEMBERS: RS INVESTMENT MANAGEMENT, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HEI INC CENTRAL INDEX KEY: 0000351298 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 410944876 STATE OF INCORPORATION: MN FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33908 FILM NUMBER: 02518446 BUSINESS ADDRESS: STREET 1: 1495 STEIGER LAKE LN STREET 2: P O BOX 5000 CITY: VICTORIA STATE: MN ZIP: 55386 BUSINESS PHONE: 9524432500 MAIL ADDRESS: STREET 1: P O BOX 5000 STREET 2: 1495 STEIGER LAKE LANE CITY: VICTORIA STATE: MN ZIP: 55386 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RS INVESTMENT MANAGEMENT CO LLC CENTRAL INDEX KEY: 0001085256 IRS NUMBER: 943321067 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 388 MARKET STREET STREET 2: SUITE 200 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4155912700 MAIL ADDRESS: STREET 1: 388 MARKET STREET STREET 2: SUITE 200 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13D/A 1 heii13da.txt OMB APPROVAL OMB Number:3235-0145 Expires: August 31, 1999 Estimated average burden hours per response 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1 ) HEI, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 404160103 (CUSIP Number) January 25, 2002 (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-2(a) * 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1745 (3-98) Page 1 of 9 CUSIP No. 404160103 13D Page 2 of 9 - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) RS Investment Management Co. LLC - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ / (b)/ / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ---------------------------------------------------------------- 5 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------------------------------------------------------------- NUMBER OF 6 SOLE VOTING POWER SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 7 SHARED VOTING POWER EACH -1,300,600- REPORTING --------------------------------------- PERSON 8 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 9 SHARED DISPOSITIVE POWER -1,300,600- - ---------------------------------------------------------------- 10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -1,300,600- - ---------------------------------------------------------------- 11 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) - ---------------------------------------------------------------- 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 21.7% - ---------------------------------------------------------------- 13 TYPE OF REPORTING PERSON (See Instructions) OO, HC - ---------------------------------------------------------------- CUSIP No. 404160103 13D Page 3 of 9 - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) RS Investment Management, L.P. - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ / (b)/ / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ---------------------------------------------------------------- 5 CITIZENSHIP OR PLACE OF ORGANIZATION California - ---------------------------------------------------------------- NUMBER OF 6 SOLE VOTING POWER SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 7 SHARED VOTING POWER EACH -1,300,600- REPORTING --------------------------------------- PERSON 8 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 9 SHARED DISPOSITIVE POWER -1,300,600- - ---------------------------------------------------------------- 10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -1,300,600- - ---------------------------------------------------------------- 11 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) - ---------------------------------------------------------------- 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 21.7% - ---------------------------------------------------------------- 13 TYPE OF REPORTING PERSON (See Instructions) IA, PN - ---------------------------------------------------------------- CUSIP No. 404160103 13D Page 4 of 9 - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) RS Diversified Growth Fund - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ / (b)/ / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ---------------------------------------------------------------- 5 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - ---------------------------------------------------------------- NUMBER OF 6 SOLE VOTING POWER SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 7 SHARED VOTING POWER EACH -675,000- REPORTING --------------------------------------- PERSON 8 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 9 SHARED DISPOSITIVE POWER -675,000- - ---------------------------------------------------------------- 10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -675,000- - ---------------------------------------------------------------- 11 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) - ---------------------------------------------------------------- 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.3% - ---------------------------------------------------------------- 13 TYPE OF REPORTING PERSON (See Instructions) IV - ---------------------------------------------------------------- CUSIP No. 404160103 13D Page 5 of 9 ITEM 1. This Schedule 13D is filed with respect to the Common Stock of HEI, Inc. ITEM 2. This Schedule 13D is filed on behalf of the following: I. (a)RS Investment Management Co. LLC is a Delaware Limited Liability Company. (b) 388 Market Street, San Francisco, CA 94111 (c) holding company (d) no convictions in criminal proceedings (e) no civil or administrative proceedings II. (a)RS Investment Management, L.P. is a California Limited Partnership. (b) 388 Market Street, San Francisco, CA 94111 (c) registered investment adviser (d) no convictions in criminal proceedings (e) no civil or administrative proceedings III. (a)RS Diversified Growth Fund is a series of a Massachusetts Business Trust. (b) 388 Market Street, San Francisco, CA 94111 (c) investment company (d) no convictions in criminal proceedings (e) no civil or administrative proceedings CUSIP No. 404160103 13D Page 6 of 9 ITEM 3 The securities with respect to which this Schedule 13D is filed were purchased by Funds managed by RSIM, L.P. and RS Growth Group LLC using working capital contributed by the Funds' respective partners and shareholders. ITEM 4 This schedule is being filed based on a change in the ownership position of Funds managed by RSIM, L.P. and RS Growth Group LLC due to acquisitions. All shares are held for investment purposes only. The reporting persons may sell all or part or acquire additional securities of the Issuer depending on market conditions and other economic factors. ITEM 5 The aggregate number and percentage of the class of securities identified pursuant to Item 1 of this Schedule 13D that are beneficially owned by the persons listed in Item 2 are as follows: RS Investment Mgmt Co. LLC 1,300,600 21.7% RS Investment Mgmt, L.P. 1,300,600 21.7% RS Diversified Growth Fund 675,000 11.3% All percentages in this table are based, pursuant to 13D-1(e) of the Securities Exchange Act of 1934, as amended, on 5,985,710 shares of Common Stock of the Issuer outstanding as of December 10, 2001. RS Investment Mgmt Co. LLC is a Delaware Limited Liability Company that is deemed to have shared dispositive power over 1,300,600 shares of the Issuer. RS Investment Mgmt, L.P. is a California Limited Partnership that is deemed to have shared dispositive power over 1,300,600 shares of the Issuer. RS Diversified Growth Fund is an investment company that is part of a Massachusetts Business Trust with shared dispositive power over 675,000 shares of the Issuer. CUSIP No. 404160103 13D Page 7 of 9 The following is a list of transactions by the filing parties in the last 60 days: ACCT DATE SHARES NET TRADE TYPE Sep acct 11-26-01 4900 37852 open mkt purch Sub-advised acct 11-26-01 2400 18540 open mkt purch Sub-advised acct 11-26-01 300 2317 open mkt purch Sub-advised acct 11-26-01 2400 18540 open mkt purch RS acct 11-28-01 1900 14872 open mkt purch Sep acct 11-28-01 7600 59489 open mkt purch Sub-advised acct 11-28-01 13600 106454 open mkt purch Sub-advised acct 11-28-01 400 3131 open mkt purch Sub-advised acct 11-28-01 11300 88451 open mkt purch RS acct 11-29-01 100 790 open mkt purch Sep acct 11-29-01 200 1580 open mkt purch Sub-advised acct 11-29-01 400 3160 open mkt purch Sub-advised acct 11-29-01 300 2370 open mkt purch RS acct 11-30-01 200 1564 open mkt purch Sep acct 11-30-01 700 5474 open mkt purch Sub-advised acct 11-30-01 1000 7820 open mkt purch Sub-advised acct 11-30-01 100 782 open mkt purch Sub-advised acct 11-30-01 1000 7820 open mkt purch RS acct 12-03-01 100 790 open mkt purch Sep acct 12-03-01 200 1580 open mkt purch Sub-advised acct 12-03-01 400 3160 open mkt purch Sub-advised acct 12-03-01 300 2370 open mkt purch RS acct 12-14-01 2300 15525 open mkt purch Sub-advised acct 12-14-01 1200 8100 open mkt purch Sub-advised acct 12-14-01 1700 11475 open mkt purch RS acct 12-18-01 2200 14828 open mkt purch Sub-advised acct 12-18-01 1200 8088 open mkt purch Sub-advised acct 12-18-01 1600 10784 open mkt purch RS acct 12-19-01 4400 30118 open mkt purch Sub-advised acct 12-19-01 2400 16428 open mkt purch Sub-advised acct 12-19-01 3200 21904 open mkt purch RS acct 12-21-01 2200 14850 open mkt purch Sub-advised acct 12-21-01 1200 8100 open mkt purch Sub-advised acct 12-21-01 1600 10800 open mkt purch RS acct 12-26-01 2200 14685 open mkt purch Sub-advised acct 12-26-01 1200 8010 open mkt purch Sub-advised acct 12-26-01 1600 10680 open mkt purch SCGF 12-27-01 4300 30444 open mkt purch DGF 12-31-01 25000 174727 open mkt purch RS acct 12-31-01 5000 34945 open mkt purch RS acct 12-31-01 10000 69891 open mkt purch Sep acct 12-31-01 6400 44730 open mkt purch Sub-advised acct 12-31-01 5000 34945 open mkt purch Sub-advised acct 12-31-01 2300 16075 open mkt purch Sub-advised acct 12-31-01 5000 34945 open mkt purch DGF 01-02-02 7800 55380 open mkt purch Sub-advised acct 01-02-02 3100 22010 open mkt purch Sub-advised acct 01-02-02 1600 11360 open mkt purch DGF 01-03-02 17200 124982 open mkt purch Sub-advised acct 01-03-02 6900 50138 open mkt purch Sub-advised acct 01-03-02 1400 9800 open mkt purch Sub-advised acct 01-03-02 1400 9800 open mkt purch Sub-advised acct 01-03-02 3400 24706 open mkt purch DGF 01-04-02 21700 151466 open mkt purch RS acct 01-04-02 3300 23034 open mkt purch DGF 01-07-02 600 4065 open mkt purch RS acct 01-07-02 100 677 open mkt purch Sub-advised acct 01-07-02 100 677 open mkt purch Sub-advised acct 01-07-02 100 677 open mkt purch DGF 01-08-02 25600 166400 open mkt purch RS acct 01-08-02 5200 33800 open mkt purch Sep acct 01-08-02 2600 16900 open mkt purch Sub-advised acct 01-08-02 5200 33800 open mkt purch Sub-advised acct 01-08-02 1000 6500 open mkt purch Sub-advised acct 01-08-02 1000 6500 open mkt purch Sub-advised acct 01-08-02 1600 10400 open mkt purch Sub-advised acct 01-08-02 7800 50700 open mkt purch DGF 01-22-02 10100 60499 open mkt purch Sub-advised acct 01-22-02 2100 12579 open mkt purch RS acct 01-22-02 6400 38336 open mkt purch DGF 01-23-02 7000 42350 open mkt purch DGF 01-24-02 60000 360000 open mkt purch
CUSIP No. 404160103 13D Page 8 of 9 ITEM 6 Please refer to Item 5. ITEM 7 The following exhibits are filed herewith: Exhibit A - Joint Filing Agreement ITEM 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. Dated: January 25, 2002 RS INVESTMENT MANAGEMENT CO. LLC By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer RS INVESTMENT MANAGEMENT, L.P. By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer RS DIVERSIFIED GROWTH FUND By: RS Investment Management, L.P. Investment Adviser By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer CUSIP No. 404160103 13D Page 9 of 9 EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(f)(1). Each of them is responsible for the timely filing of the Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is accurate. Dated: January 25, 2002 RS INVESTMENT MANAGEMENT CO. LLC By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer RS INVESTMENT MANAGEMENT, L.P. By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer RS DIVERSIFIED GROWTH FUND By: RS Investment Management, L.P. Investment Adviser By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----