13F-HR 1 vac13f021308.txt SCHEDULE 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 31 DECEMBER 2007 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: ValueAct Capital Management, L.P. ----------------------------------------------------- 435 Pacific Avenue, Fourth Floor ----------------------------------------------------- San Francisco, CA 94133 ----------------------------------------------------- Form 13F File Number: 28-12033 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: George F. Hamel, Jr. Title: Chief Operating Officer Phone: 415-362-3700 Signature, Place, and Date of Signing: /s/ George F. Hamel, Jr. San Francisco, CA February 13, 2008 ------------------ ----------------- ---------------- [Signature] [City, State] [Date] Report Type: [ ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [X] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-02246 Marc C. Cohodes Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 --------------- Form 13F Information Table Entry Total: 17 --------------- Form 13F Information Table Value Total: $4,030,667 -------------- (thousands) List of Other Included Managers: NONE ValueAct Capital Management, L.P. FORM 13F INFORMATION TABLE Voting Authority ---------------------- Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer Title of Class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ACXIOM CORP COM 005125109 121,168 10,329,711 SH Sole 10,329,711 ----------------------------------------------------------------------------------------------------------------------------------- ADVANCED MEDICAL OPTICS INC COM 00763M108 216,149 8,811,635 SH Sole 8,811,635 ----------------------------------------------------------------------------------------------------------------------------------- CHIMERA INVESTMENT CORPORATION COM 16934Q109 17,880 1,000,000 SH Sole 1,000,000 ----------------------------------------------------------------------------------------------------------------------------------- CHOICEPOINT INC COM 170388102 125,967 3,458,731 SH Sole 3,458,731 ----------------------------------------------------------------------------------------------------------------------------------- EQUIFAX INC COM 294429105 278,109 7,648,768 SH Sole 7,648,768 ----------------------------------------------------------------------------------------------------------------------------------- GARTNER GROUP INC NEW-CL A COM 366651107 365,027 20,787,437 SH Sole 20,787,437 ----------------------------------------------------------------------------------------------------------------------------------- GEVITY HR INC COM 374393106 25,295 3,289,284 SH Sole 3,289,284 ----------------------------------------------------------------------------------------------------------------------------------- INTL RECTIFIER CORP COM 460254105 81,593 2,401,900 SH Sole 2,401,900 ----------------------------------------------------------------------------------------------------------------------------------- MDS INC COM 55269P302 422,215 21,707,700 SH Sole 21,707,700 ----------------------------------------------------------------------------------------------------------------------------------- MOODYS CORP COM 615369105 138,441 3,877,900 SH Sole 3,877,900 ----------------------------------------------------------------------------------------------------------------------------------- NABORS INDUSTRIES LTD COM G6359F103 22,304 814,300 SH Sole 814,300 ----------------------------------------------------------------------------------------------------------------------------------- OMNICARE INC COM 681904108 268,763 11,782,666 SH Sole 11,782,666 ----------------------------------------------------------------------------------------------------------------------------------- REUTERS GROUP PLC COM G7540P109 953,738 75,376,112 SH Sole 75,376,112 ----------------------------------------------------------------------------------------------------------------------------------- SARA LEE CORP COM 803111103 531,079 33,068,415 SH Sole 33,068,415 ----------------------------------------------------------------------------------------------------------------------------------- SEALY CORPORATION COM 812139301 43,609 3,897,182 SH Sole 3,897,182 ----------------------------------------------------------------------------------------------------------------------------------- VALEANT PHARMACEUTICALS INTL COM 91911X104 158,498 13,241,300 SH Sole 13,241,300 ----------------------------------------------------------------------------------------------------------------------------------- WARNER CHILCOTT LIMITED COM G9435N108 260,832 14,711,325 SH Sole 14,711,325 -----------------------------------------------------------------------------------------------------------------------------------