13F-HR 1 vac13f051506.txt 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 MARCH 2006 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 (VA Partners, LLC) ----------------------------------------------------- 435 Pacific Avenue, Fourth Floor ----------------------------------------------------- San Francisco, CA 94133 ----------------------------------------------------- Form 13F File Number: 28-10080 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 May 15, 2006 ------------------ ----------------- ---------------- [Signature] [City, State] [Date] Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 --------------- Form 13F Information Table Entry Total: 26 --------------- Form 13F Information Table Value Total: $3,507,612 -------------- (thousands) List of Other Included Managers: NONE VA Partners, LLC 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 266,807 10,325,355 Sh Sole N/A 10,325,355 ----------------------------------------------------------------------------------------------------------------------------------- Adesa Inc. COM 00686U104 125,175 4,681,200 Sh Sole N/A 4,681,200 ----------------------------------------------------------------------------------------------------------------------------------- Applera Corp.- Applied Bio COM 038020103 280,198 10,324,200 Sh Sole N/A 10,324,200 ----------------------------------------------------------------------------------------------------------------------------------- Avaya Inc. COM 053499109 275,255 24,358,900 Sh Sole N/A 24,358,900 ----------------------------------------------------------------------------------------------------------------------------------- Catalina Marketing Corp. COM 148867104 167,384 7,246,100 Sh Sole N/A 7,246,100 ----------------------------------------------------------------------------------------------------------------------------------- Chiron Corporation COM 170040109 448,938 9,800,000 Sh Sole N/A 9,800,000 ----------------------------------------------------------------------------------------------------------------------------------- Gartner Group, Inc. COM 366651107 259,911 18,631,646 Sh Sole N/A 18,631,646 ----------------------------------------------------------------------------------------------------------------------------------- Hanover Compressor Co. COM 410768105 169,242 9,089,300 Sh Sole N/A 9,089,300 ----------------------------------------------------------------------------------------------------------------------------------- McAfee, Inc. COM 579064106 114,560 4,708,600 Sh Sole N/A 4,708,600 ----------------------------------------------------------------------------------------------------------------------------------- Mentor Corp COM 587188103 185,015 4,083,333 Sh Sole N/A 4,083,333 ----------------------------------------------------------------------------------------------------------------------------------- MDS, Inc. COM 55269P302 123,544 6,867,400 Sh Sole N/A 6,867,400 ----------------------------------------------------------------------------------------------------------------------------------- MSC Software Corp COM 553531104 68,478 3,432,526 Sh Sole N/A 3,432,526 ----------------------------------------------------------------------------------------------------------------------------------- NETIQ Corp COM 64115P102 39,492 3,541,904 Sh Sole N/A 3,541,904 ----------------------------------------------------------------------------------------------------------------------------------- Per-Se Technologies COM 713569309 145,890 5,472,272 Sh Sole N/A 5,472,272 ----------------------------------------------------------------------------------------------------------------------------------- PRA International COM 69353C101 10,855 438,157 Sh Sole N/A 438,157 ----------------------------------------------------------------------------------------------------------------------------------- Reynolds & Reynolds Co CL A COM 761695105 190,992 6,725,100 Sh Sole N/A 6,725,100 ----------------------------------------------------------------------------------------------------------------------------------- Seitel Inc. COM 816074405 163,844 51,201,346 Sh Sole N/A 51,201,346 ----------------------------------------------------------------------------------------------------------------------------------- Seitel Inc. WTS SELAW4140 37,293 15,037,568 Sh Sole N/A 15,037,568 ----------------------------------------------------------------------------------------------------------------------------------- Sensient Technologies Corp. COM 81725T100 19,896 1,102,300 Sh Sole N/A 1,102,300 ----------------------------------------------------------------------------------------------------------------------------------- Sirva, Inc. COM 82967Y104 25,073 2,939,500 Sh Sole N/A 2,939,500 ----------------------------------------------------------------------------------------------------------------------------------- Snap On Tools Corp. COM 833034101 124,690 3,271,000 Sh Sole N/A 3,271,000 ----------------------------------------------------------------------------------------------------------------------------------- Solexa, Inc. COM 83420X105 21,015 2,105,770 Sh Sole N/A 2,105,770 ----------------------------------------------------------------------------------------------------------------------------------- Solexa, Inc. WTS 834991150 4,869 1,018,270 Sh Sole N/A 1,018,270 ----------------------------------------------------------------------------------------------------------------------------------- TriZetto Group, Inc. COM 896882107 54,740 3,112,000 Sh Sole N/A 3,112,000 ----------------------------------------------------------------------------------------------------------------------------------- U.S.I. Holdings Corp. COM 90333H101 86,749 5,378,161 Sh Sole N/A 5,378,161 ----------------------------------------------------------------------------------------------------------------------------------- Williams Scotsman Intl Inc. COM 96950G102 97,695 3,900,000 Sh Sole N/A 3,900,000 -----------------------------------------------------------------------------------------------------------------------------------