| UNITED STATES | OMB APPROVAL | |
SECURITIES AND EXCHANGE COMMISSION | OMB Number: 3235-0145 | |
| Washington, D.C. 20549 | Expires: February 28, 2009 | |
| SCHEDULE 13D | Estimated average burden hours per response. . 14.5 |
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Home Diagnostics, Inc.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
437080104
Michael R. Murphy
Discovery Group I, LLC
191 North Wacker Drive
Suite 1685
Chicago, Illinois 60606
Telephone Number: (312) 265-9600
Authorized to Receive Notices and Communications)
February 8, 2010
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. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-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. 437080104 | |||||
| 1. | Names of Reporting Persons. Discovery Equity Partners, L.P. | ||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | ||||
| (a) | o | ||||
| (b) | o | ||||
| 3. | SEC Use Only | ||||
| 4. | Source of Funds (See Instructions) WC | ||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||
| 6. | Citizenship or Place of Organization Illinois | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power None. | |||
| 8. | Shared Voting Power 649,790 | ||||
| 9. | Sole Dispositive Power None. | ||||
| 10. | Shared Dispositive Power 649,790 | ||||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 649,790 | ||||
| 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) 3.8% | ||||
| 14. | Type of Reporting Person (See Instructions) PN | ||||
| CUSIP No. 437080104 | |||||
| 1. | Names of Reporting Persons. Discovery Group I, LLC | ||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | ||||
| (a) | o | ||||
| (b) | o | ||||
| 3. | SEC Use Only | ||||
| 4. | Source of Funds (See Instructions) AF | ||||
| 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 | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power None. | |||
| 8. | Shared Voting Power 752,089 | ||||
| 9. | Sole Dispositive Power None. | ||||
| 10. | Shared Dispositive Power 752,089 | ||||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 752,089 | ||||
| 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) 4.4% | ||||
| 14. | Type of Reporting Person (See Instructions) OO | ||||
| CUSIP No. 437080104 | |||||
| 1. | Names of Reporting Persons. Daniel J. Donoghue | ||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | ||||
| (a) | o | ||||
| (b) | o | ||||
| 3. | SEC Use Only | ||||
| 4. | Source of Funds (See Instructions) AF | ||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||
| 6. | Citizenship or Place of Organization United States of America | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power None. | |||
| 8. | Shared Voting Power 752,089 | ||||
| 9. | Sole Dispositive Power None. | ||||
| 10. | Shared Dispositive Power 752,089 | ||||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 752,089 | ||||
| 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) 4.4% | ||||
| 14. | Type of Reporting Person (See Instructions) IN | ||||
| CUSIP No. 437080104 | |||||
| 1. | Names of Reporting Persons. Michael R. Murphy | ||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | ||||
| (a) | o | ||||
| (b) | o | ||||
| 3. | SEC Use Only | ||||
| 4. | Source of Funds (See Instructions) AF | ||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||
| 6. | Citizenship or Place of Organization United States of America | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power None. | |||
| 8. | Shared Voting Power 752,089 | ||||
| 9. | Sole Dispositive Power None. | ||||
| 10. | Shared Dispositive Power 752,089 | ||||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 752,089 | ||||
| 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) 4.4% | ||||
| 14. | Type of Reporting Person (See Instructions) IN | ||||
| Item 1. | Security and Issuer | |
This Amendment No. 4 to Schedule 13D (“Amendment No. 4”) relates to the Common Stock, par value $0.01 per share (the “Common Stock”), of Home Diagnostics, Inc., a Delaware corporation (the “Company”), which has its principal executive offices at 2400 NW 55th Court, Fort Lauderdale, Florida 33309. This Amendment No. 4 amends and supplements, as set forth below, the information contained in items 1, 3, 5 and 6 of the Schedule 13D filed by the Reporting Persons with respect to the Company on March 20, 2008, as amended by Amendment No. 1 thereto filed by the Reporting Persons with respect to the Company on June 17, 2008, Amendment No. 2 thereto filed by the Reporting Persons with respect to the Company on June 24, 2009 and Amendment No. 3 thereto filed by the Reporting Persons with respect to the Company on December 31, 2009 (as so amended, the “Schedule 13D”). All capitalized terms used herein but not defined herein have the meanings set forth in the Schedule 13D. Except as amended by this Amendment No. 4, all information contained in the Schedule 13D is, after reasonable inquiry and to the best of the Reporting Persons’ knowledge and belief, true, complete and correct as of the date of this Amendment No. 4. | ||
| Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 of the Schedule 13D is hereby amended to read in its entirety as follows: The total purchase price for the 752,089 shares of Common Stock beneficially owned by Discovery Group and Messrs. Donoghue and Murphy as of February 8, 2010 was approximately $5,351,555, and the total purchase price for the 649,790 shares of Common Stock beneficially owned by Discovery Equity Partners was approximately $4,629,318. The source of such funds was the assets of Discovery Equity Partners and another private investment partnership (collectively, the “Partnerships”) over which Discovery Group exercises discretionary investment management authority, including proceeds of margin loans under margin loan facilities maintained in the ordinary course of business by the Partnerships with a broker on customary terms and conditions. The Partnerships are the legal owner of all of the Common Stock beneficially owned by Discovery Group and Messrs. Donoghue and Murphy. | ||
| Item 5. | Interest in Securities of the Issuer | |
Item 5 of the Schedule 13D is hereby amended to read in its entirety as follows: The information concerning percentages of ownership set forth below is based on 16,925,304 shares of Common Stock reported outstanding as of October 31, 2009 in the Company’s most recent Quarterly Report on Form 10-Q, for the period ended September 30, 2009. Discovery Equity Partners beneficially owns 649,790 shares of Common Stock as of February 8, 2010, which represents 3.8% of the outstanding Common Stock. Discovery Group beneficially owns 752,089 shares of Common Stock as of February 8, 2010, which represents 4.4% of the outstanding Common Stock. Mr. Donoghue beneficially owns 752,089 shares of Common Stock as of February 8, 2010, which represents 4.4% of the outstanding Common Stock. Mr. Murphy beneficially owns 752,089 shares of Common Stock as of February 8, 2010, which represents 4.4% of the outstanding Common Stock. | ||
Discovery Group is the sole general partner of Discovery Equity Partners and has sole discretionary investment authority with respect to the other Partnership’s investment in the Common Stock. Messrs. Donoghue and Murphy are the sole managing members of Discovery Group. As a consequence, Discovery Group and Messrs. Donoghue and Murphy may be deemed to share beneficial ownership of all of the shares of Common Stock owned by both of the Partnerships, while Discovery Equity Partners shares beneficial ownership with Discovery Group and Messrs. Donoghue and Murphy of only the shares of Common Stock owned by it. | ||
The transactions in Common Stock effected by the Reporting Persons since the date of the most recent filing on Schedule 13D are set out in Exhibit 1 hereto. No person other than the Partnerships is known to any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the shares of Common Stock reported herein. Each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the Common Stock on February 8, 2010. | ||
| Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer | |
Item 6 of the Schedule 13D is hereby amended to read in its entirety as follows: There are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Company other than the governing documents of Discovery Group and the Partnerships, the margin loan facilities referred to under Item 3 above, the Joint Filing Agreements of the Reporting Persons with respect to the Schedule 13D that were included as exhibits thereto, the Joint Filing Agreement of the Reporting Persons with respect to this Amendment No. 4 included as Exhibit 2 to this Amendment No. 4, and the Powers of Attorney granted by Messrs Donoghue and Murphy with respect to reports under Section 13 of the Securities Exchange Act of 1934, as amended, which Powers of Attorney are included as Exhibit 3 and Exhibit 4, respectively, to this Amendment No. 4. | ||
| Item 7. | Material to Be Filed as Exhibits | |
Exhibit 1: List of transactions by Reporting Persons in the Company’s Common Stock since the date of the most recent filing on Schedule 13D. | ||
Exhibit 2: Joint Filing Agreement dated as of February 9, 2010, by and among Discovery Equity Partners; Discovery Group; Daniel J. Donoghue; and Michael R. Murphy. | ||
Exhibit 3: Power of Attorney of Daniel J. Donoghue, dated as of April 28, 2008. | ||
Exhibit 4: Power of Attorney of Michael R. Murphy, dated as of April 28, 2008. | ||
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
February 9, 2010 | |
| Date | |
DISCOVERY GROUP I, LLC, for itself and as general partner of DISCOVERY EQUITY PARTNERS, L.P. Michael R. Murphy* | |
| Signature | |
Michael R. Murphy, Managing Member | |
| Name/Title | |
Daniel J. Donoghue* | |
| Signature | |
Daniel J. Donoghue | |
| Name/Title | |
Michael R. Murphy* | |
| Signature | |
Michael R. Murphy | |
| Name/Title | |
*By: /s/ Mark Buckley | |
| Mark Buckley | |
| Attorney-in-Fact for Daniel J. Donoghue | |
| Attorney-in-Fact for Michael R. Murphy |
Exhibit Index
| Exhibit 1 | List of transactions by Reporting Persons in the Company’s Common Stock since the date of the most recent filing on Schedule 13D. |
| Exhibit 2 | Joint Filing Agreement dated as of February 9, 2010, by and among Discovery Equity Partners; Discovery Group; Daniel J. Donoghue; and Michael R. Murphy. |
| Exhibit 3 | Power of Attorney of Daniel J. Donoghue, dated as of April 28, 2008. |
| Exhibit 4 | Power of Attorney of Michael R. Murphy, dated as of April 28, 2008. |