13F-HR 1 vac13f021407.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 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 Management, L.P. ----------------------------------------------------- 435 Pacific Avenue, Fourth Floor ----------------------------------------------------- San Francisco, CA 94133 ----------------------------------------------------- Form 13F File Number: 28-12033 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, 2007 ------------------ ----------------- ---------------- [Signature] [City, State] [Date] Report Type: [ ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [X] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-02246 Marc C. Cohodes Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 --------------- Form 13F Information Table Entry Total: 22 --------------- Form 13F Information Table Value Total: $3,839,555 -------------- (thousands) List of Other Included Managers: NONE ValueAct Capital Management, L.P. 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 264,845 10,325,355 SH Sole 10,325,355 ----------------------------------------------------------------------------------------------------------------------------------- ADESA INC COM 00686U104 102,098 3,679,200 SH Sole 3,679,200 ----------------------------------------------------------------------------------------------------------------------------------- ANNALY MORTGAGE MANAGEMENT INC COM 035710409 25,133 1,806,800 SH Sole 1,806,800 ----------------------------------------------------------------------------------------------------------------------------------- AVAYA INC COM 053499109 449,056 32,121,300 SH Sole 32,121,300 ----------------------------------------------------------------------------------------------------------------------------------- CATALINA MARKETING CORP COM 148867104 199,268 7,246,100 SH Sole 7,246,100 ----------------------------------------------------------------------------------------------------------------------------------- GARTNER GROUP INC NEW-CL A COM 366651107 408,300 20,631,646 SH Sole 20,631,646 ----------------------------------------------------------------------------------------------------------------------------------- GEVITY HR INC COM 374393106 77,923 3,289,284 SH Sole 3,289,284 ----------------------------------------------------------------------------------------------------------------------------------- HANOVER COMPRESSOR CO COM 410768105 219,211 11,604,600 SH Sole 11,604,600 ----------------------------------------------------------------------------------------------------------------------------------- MDS INC COM 55269P302 321,888 17,705,600 SH Sole 17,705,600 ----------------------------------------------------------------------------------------------------------------------------------- PER-SE TECHNOLOGIES INC COM 713569309 167,281 6,021,644 SH Sole 6,021,644 ----------------------------------------------------------------------------------------------------------------------------------- PERKINELMER INC COM 714046109 55,487 2,496,060 SH Sole 2,496,060 ----------------------------------------------------------------------------------------------------------------------------------- PRA INTL COM 69353C101 87,990 3,481,984 SH Sole 3,481,984 ----------------------------------------------------------------------------------------------------------------------------------- REUTERS GROUP PLC COM G7540P109 536,346 61,493,449 SH Sole 61,493,449 ----------------------------------------------------------------------------------------------------------------------------------- SAFEWAY INC COM 786514208 187,609 5,428,500 SH Sole 5,428,500 ----------------------------------------------------------------------------------------------------------------------------------- SEITEL INC NEW COM 816074405 183,045 51,201,346 SH Sole 51,201,346 ----------------------------------------------------------------------------------------------------------------------------------- SEITEL INC NEW WTS 816074405 42,932 15,037,568 SH Sole 15,037,568 ----------------------------------------------------------------------------------------------------------------------------------- SIRVA INC COM 82967Y104 24,819 7,131,900 SH Sole 7,131,900 ----------------------------------------------------------------------------------------------------------------------------------- SOLEXA INC COM 83420X105 27,691 2,105,770 SH Sole 2,105,770 ----------------------------------------------------------------------------------------------------------------------------------- SOLEXA INC WTS 83420X105 8,097 1,018,270 SH Sole 1,018,270 ----------------------------------------------------------------------------------------------------------------------------------- USI HLDGS COM 90333H101 84,463 5,498,875 SH Sole 5,498,875 ----------------------------------------------------------------------------------------------------------------------------------- VALEANT PHARMACEUTICALS INTL COM 91911X104 228,280 13,241,300 SH Sole 13,241,300 ----------------------------------------------------------------------------------------------------------------------------------- WARNER CHILCOTT LIMITED COM G9435N108 137,793 9,970,560 SH Sole 9,970,560 -----------------------------------------------------------------------------------------------------------------------------------