UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Berkshire Partners LLC
200 Clarendon St., 35th Floor
Boston, MA 02116
(617) 227-0050
Ropes & Gray LLP
One International Place
Boston, MA 02110
(617) 951-7000
Receive Notices and Communications)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.þ
Note:Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. | 893641100 |
1 | NAMES OF REPORTING PERSONS Berkshire Fund VII, L.P. | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 3,406,694 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | -0- | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 3,406,694 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
-0- | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
3,406,694 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
6.95%1 | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
PN |
- -2-
CUSIP No. | 893641100 |
1 | NAMES OF REPORTING PERSONS Berkshire Fund VII-A, L.P. | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 636,891 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | -0- | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 636,891 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
-0- | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
636,891 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
1.30%1 | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
PN |
- -3-
CUSIP No. | 893641100 |
1 | NAMES OF REPORTING PERSONS Berkshire Investors LLC | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Massachusetts | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 67,357 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | -0- | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 67,357 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
-0- | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
67,357 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
0.14%1 | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
PN |
- -4-
CUSIP No. | 893641100 |
1 | NAMES OF REPORTING PERSONS Berkshire Investors III LLC | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Massachusetts | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 17,090 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | -0- | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 17,090 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
-0- | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
17,090 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
0.03%1 | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
PN |
- -5-
CUSIP No. | 893641100 |
1 | NAMES OF REPORTING PERSONS Stockbridge Fund, L.P. | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 55,530 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | -0- | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 55,530 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
-0- | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
55,530 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
0.11%1 | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
PN |
- -6-
CUSIP No. | 893641100 |
1 | NAMES OF REPORTING PERSONS Stockbridge Partners LLC | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 103,500 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 103,500 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
-0- | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
103,500 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
0.21%1 | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
- -7-
-8-
-9-
(i) | Fund VII beneficially owns 6.95% of the Issuer’s Common Stock. | ||
(ii) | Fund VII-A beneficially owns 1.30% of the Issuer’s Common Stock. | ||
(iii) | Investors beneficially owns 0.14% of the Issuer’s Common Stock. | ||
(iv) | Investors III beneficially owns 0.03% of the Issuer’s Common Stock. | ||
(v) | SF beneficially owns 0.11% of the Issuer’s Common Stock. | ||
(vi) | SP beneficially owns 0.21% of the Issuer’s Common Stock. |
-10-
Number of Shares | ||||||||||||
Name | Date | Price Per Share | Purchased / (Sold) | |||||||||
SP | 2/17/2010 | $ | 48.24 | 1,000 | ||||||||
SP | 2/18/2010 | $ | 49.09 | 1,000 | ||||||||
SP | 2/19/2010 | $ | 49.08 | 1,000 | ||||||||
SP | 2/23/2010 | $ | 49.12 | 1,000 | ||||||||
SP | 2/24/2010 | $ | 49.18 | 3,000 | ||||||||
SP | 2/25/2010 | $ | 48.76 | 3,000 | ||||||||
SP | 2/26/2010 | $ | 50.10 | 3,000 | ||||||||
SP | 3/1/2010 | $ | 52.45 | 5,000 | ||||||||
SP | 3/2/2010 | $ | 53.08 | 5,000 | ||||||||
SP | 3/3/2010 | $ | 52.90 | 5,000 | ||||||||
SP | 3/4/2010 | $ | 52.70 | 5,000 | ||||||||
SP | 3/5/2010 | $ | 52.99 | 5,000 | ||||||||
SP | 3/5/2010 | $ | 52.80 | 5,000 | ||||||||
SP | 3/8/2010 | $ | 52.47 | 5,000 | ||||||||
SP | 3/9/10 | $ | 52.80 | 5,000 | ||||||||
SP | 3/10/10 | $ | 52.70 | 2,000 |
(d) | Not applicable. | |
(e) | Not applicable. |
Exhibit 99.1 | Joint Filing Undertaking, dated as of April 1, 2010. |
Exhibit 99.2 | Press Release, dated March 25, 2010. |
-11-
BERKSHIRE FUND VII, L.P. | ||||
By: | Seventh Berkshire Associates LLC, | |||
its General Partner | ||||
By: | /s/ Christopher J. Hadley | |||
Name: | Christopher J. Hadley | |||
Title: | Managing Director | |||
BERKSHIRE FUND VII-A, L.P. | ||||
By: | Seventh Berkshire Associates LLC, | |||
its General Partner | ||||
By: | /s/ Christopher J. Hadley | |||
Name: | Christopher J. Hadley | |||
Title: | Managing Director | |||
BERKSHIRE INVESTORS LLC | ||||
By: | /s/ Christopher J. Hadley | |||
Name: | Christopher J. Hadley | |||
Title: | Managing Director | |||
BERKSHIRE INVESTORS III LLC | ||||
By: | /s/ Christopher J. Hadley | |||
Name: | Christopher J. Hadley | |||
Title: | Managing Director | |||
STOCKBRIDGE FUND, L.P. | ||||
By: | Stockbridge Associates LLC, | |||
its General Partner | ||||
By: | /s/ Christopher J. Hadley | |||
Name: | Christopher J. Hadley | |||
Title: | Managing Director | |||
STOCKBRIDGE PARTNERS LLC | ||||
By: | Berkshire Partners LLC, | |||
its sole Managing Member | ||||
By: | /s/ Christopher J. Hadley | |||
Name: | Christopher J. Hadley | |||
Title: | Managing Director |
-12-