13F-HR 1 vac13f111407.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: 30 SEPTEMBER 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: Managing Member Phone: 415-362-3700 Signature, Place, and Date of Signing: /s/ George F. Hamel, Jr. San Francisco, CA November 14, 2007 ------------------ ----------------- ---------------- [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: 20 --------------- Form 13F Information Table Value Total: $5,164,443 -------------- (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 204,425 10,329,711 SH Sole 10,329,711 ----------------------------------------------------------------------------------------------------------------------------------- ADVANCED MEDICAL OPTICS INC COM 00763M108 269,548 8,811,635 SH Sole 8,811,635 ----------------------------------------------------------------------------------------------------------------------------------- ANNALY MORTGAGE MANAGEMENT INC COM 035710409 62,315 3,911,800 SH Sole 3,911,800 ----------------------------------------------------------------------------------------------------------------------------------- CARTER INC COM 146229109 4,680 234,600 SH Sole 234,600 ----------------------------------------------------------------------------------------------------------------------------------- CATALINA MARKETING CORP COM 148867104 234,701 7,246,100 SH Sole 7,246,100 ----------------------------------------------------------------------------------------------------------------------------------- CHOICEPOINT INC COM 170388102 131,314 3,462,931 SH Sole 3,462,931 ----------------------------------------------------------------------------------------------------------------------------------- EQUIFAX INC COM 294429105 262,878 6,896,068 SH Sole 6,896,068 ----------------------------------------------------------------------------------------------------------------------------------- EXTERRAN HLDGS INC COM 30225X103 303,002 3,771,494 SH Sole 3,771,494 ----------------------------------------------------------------------------------------------------------------------------------- GARTNER GROUP INC NEW-CL A COM 366651107 504,767 20,636,437 SH Sole 20,636,437 ----------------------------------------------------------------------------------------------------------------------------------- GEVITY HR INC COM 374393106 33,715 3,289,284 SH Sole 3,289,284 ----------------------------------------------------------------------------------------------------------------------------------- MDS INC COM 55269P302 434,189 20,148,000 SH Sole 20,148,000 ----------------------------------------------------------------------------------------------------------------------------------- NEUSTAR INC COM 64126X201 85,274 2,486,843 SH Sole 2,486,843 ----------------------------------------------------------------------------------------------------------------------------------- OMNICARE INC COM 681904108 263,149 7,942,925 SH Sole 7,942,925 ----------------------------------------------------------------------------------------------------------------------------------- PRA INTL COM 69353C101 135,187 4,598,184 SH Sole 4,598,184 ----------------------------------------------------------------------------------------------------------------------------------- REUTERS GROUP PLC COM G7540P109 1,349,176 102,491,233 SH Sole 102,491,233 ----------------------------------------------------------------------------------------------------------------------------------- SARA LEE CORP COM 803111103 358,253 21,465,115 SH Sole 21,465,115 ----------------------------------------------------------------------------------------------------------------------------------- SEALY CORPORATION COM 812139301 55,563 3,957,452 SH Sole 3,957,452 ----------------------------------------------------------------------------------------------------------------------------------- SIRVA INC COM 82967Y104 5,912 8,567,763 SH Sole 8,567,763 ----------------------------------------------------------------------------------------------------------------------------------- VALEANT PHARMACEUTICALS INTL COM 91911X104 204,975 13,241,300 SH Sole 13,241,300 ----------------------------------------------------------------------------------------------------------------------------------- WARNER CHILCOTT LIMITED COM G9435N108 261,420 14,711,325 SH Sole 14,711,325 -----------------------------------------------------------------------------------------------------------------------------------