13F-HR 1 vac13f021405.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 DECEMBER 2004 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 February 14, 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: 21 --------------- Form 13F Information Table Value Total: $1,243,870 -------------- (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 110,334 4,195,239 Sh Sole N/A 4,195,239 ----------------------------------------------------------------------------------------------------------------------------------- Applera Corp. COM 038020103 90,000 4,304,200 Sh Sole N/A 4,304,200 ----------------------------------------------------------------------------------------------------------------------------------- Catalina Marketing Corp. COM 148867104 189,661 6,401,000 Sh Sole N/A 6,401,000 ----------------------------------------------------------------------------------------------------------------------------------- Chiron Corporation COM 170040109 9,999 300,000 Sh Sole N/A 300,000 ----------------------------------------------------------------------------------------------------------------------------------- CoolBrands Intl, Inc. COM 21639P208 20,822 2,744,150 Sh Sole N/A 2,744,150 ----------------------------------------------------------------------------------------------------------------------------------- DocuCorp International, Inc. COM 255911109 8,743 920,380 Sh Sole N/A 920,380 ----------------------------------------------------------------------------------------------------------------------------------- EPIQ Systems, Inc. COM 26882D109 20,078 1,371,515 Sh Sole N/A 1,371,515 ----------------------------------------------------------------------------------------------------------------------------------- Elizabeth Arden, Inc. COM 28660G106 28,198 1,187,793 Sh Sole N/A 1,187,793 ----------------------------------------------------------------------------------------------------------------------------------- Gartner Group, Inc. COM 366651107 108,023 8,669,600 Sh Sole N/A 8,669,600 ----------------------------------------------------------------------------------------------------------------------------------- Gartner Group, Inc. CL B 366651206 62,956 5,122,546 Sh Sole N/A 5,122,546 ----------------------------------------------------------------------------------------------------------------------------------- Insurance Auto Auctions, Inc. COM 457875102 75,945 3,387,400 Sh Sole N/A 3,387,400 ----------------------------------------------------------------------------------------------------------------------------------- Intergraph Corp. COM 458683109 514 19,100 Sh Sole N/A 19,100 ----------------------------------------------------------------------------------------------------------------------------------- Lodgenet Entertainment Corp. COM 540211109 23,011 1,300,832 Sh Sole N/A 1,300,832 ----------------------------------------------------------------------------------------------------------------------------------- MSC Software Corp COM 553531104 36,224 3,459,800 Sh Sole N/A 3,459,800 ----------------------------------------------------------------------------------------------------------------------------------- Martha Stewart Living COM 573083102 36,477 1,256,983 Sh Sole N/A 1,256,983 ----------------------------------------------------------------------------------------------------------------------------------- McAfee, Inc. COM 579064106 86,790 3,000,000 Sh Sole N/A 3,000,000 ----------------------------------------------------------------------------------------------------------------------------------- Mentor Corp COM 587188103 156,884 4,649,818 Sh Sole N/A 4,649,818 ----------------------------------------------------------------------------------------------------------------------------------- Per-Se Technologies COM 713569309 85,204 5,382,472 Sh Sole N/A 5,382,472 ----------------------------------------------------------------------------------------------------------------------------------- Seitel Inc. COM 816074405 25,005 20,330,063 Sh Sole N/A 20,330,063 ----------------------------------------------------------------------------------------------------------------------------------- TriZetto Group, Inc. COM 896882107 62,700 6,600,000 Sh Sole N/A 6,600,000 ----------------------------------------------------------------------------------------------------------------------------------- U.S.I. Holdings Corp. COM 90333H101 6,292 543,900 Sh Sole N/A 543,900 -----------------------------------------------------------------------------------------------------------------------------------