13F-HR 1 vac13f051205.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 2005 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 12, 2005 ------------------ ----------------- ---------------- [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: 20 --------------- Form 13F Information Table Value Total: $1,627,003 -------------- (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 195,434 9,337,526 Sh Sole N/A 9,337,526 ----------------------------------------------------------------------------------------------------------------------------------- Agilent Technologies Inc. COM 00846U101 140,388 6,323,800 Sh Sole N/A 6,323,800 ----------------------------------------------------------------------------------------------------------------------------------- Applera Corp. COM 038020103 84,964 4,304,200 Sh Sole N/A 4,304,200 ----------------------------------------------------------------------------------------------------------------------------------- Catalina Marketing Corp. COM 148867104 165,785 6,401,000 Sh Sole N/A 6,401,000 ----------------------------------------------------------------------------------------------------------------------------------- Chiron Corporation COM 170040109 140,240 4,000,000 Sh Sole N/A 4,000,000 ----------------------------------------------------------------------------------------------------------------------------------- DocuCorp International, Inc. COM 255911109 7,142 920,380 Sh Sole N/A 920,380 ----------------------------------------------------------------------------------------------------------------------------------- Elizabeth Arden, Inc. COM 28660G106 27,485 1,157,765 Sh Sole N/A 1,157,765 ----------------------------------------------------------------------------------------------------------------------------------- Gartner Group, Inc. COM 366651107 110,935 11,592,000 Sh Sole N/A 11,592,000 ----------------------------------------------------------------------------------------------------------------------------------- Gartner Group, Inc. CL B 366651206 47,895 5,122,546 Sh Sole N/A 5,122,546 ----------------------------------------------------------------------------------------------------------------------------------- Insurance Auto Auctions, Inc. COM 457875102 94,339 3,387,400 Sh Sole N/A 3,387,400 ----------------------------------------------------------------------------------------------------------------------------------- Intergraph Corp. COM 458683109 31,691 1,100,000 Sh Sole N/A 1,100,000 ----------------------------------------------------------------------------------------------------------------------------------- MSC Software Corp COM 553531104 38,507 3,459,800 Sh Sole N/A 3,459,800 ----------------------------------------------------------------------------------------------------------------------------------- Martha Stewart Living COM 573083102 402 17,829 Sh Sole N/A 17,829 ----------------------------------------------------------------------------------------------------------------------------------- Mentor Corp COM 587188103 149,259 4,649,818 Sh Sole N/A 4,649,818 ----------------------------------------------------------------------------------------------------------------------------------- Per-Se Technologies COM 713569309 82,620 5,382,472 Sh Sole N/A 5,382,472 ----------------------------------------------------------------------------------------------------------------------------------- Reynolds & Reynolds Co CL A COM 761695105 16,890 624,200 Sh Sole N/A 624,200 ----------------------------------------------------------------------------------------------------------------------------------- Seitel Inc. COM 816074405 30,799 22,078,563 Sh Sole N/A 22,078,563 ----------------------------------------------------------------------------------------------------------------------------------- Siebel Systems, Inc. COM 826170102 148,408 16,255,000 Sh Sole N/A 16,255,000 ----------------------------------------------------------------------------------------------------------------------------------- TriZetto Group, Inc. COM 896882107 61,446 6,600,000 Sh Sole N/A 6,600,000 ----------------------------------------------------------------------------------------------------------------------------------- U.S.I. Holdings Corp. COM 90333H101 52,366 4,445,361 Sh Sole N/A 4,445,361 -----------------------------------------------------------------------------------------------------------------------------------