0000938775-05-000012.txt : 20120703
0000938775-05-000012.hdr.sgml : 20120703
20050126145329
ACCESSION NUMBER: 0000938775-05-000012
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050126
DATE AS OF CHANGE: 20050126
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: URS CORP /NEW/
CENTRAL INDEX KEY: 0000102379
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711]
IRS NUMBER: 941381538
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-41623
FILM NUMBER: 05549819
BUSINESS ADDRESS:
STREET 1: 600 MONTGOMERY STREET
STREET 2: STE 500
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
BUSINESS PHONE: 4157742700
MAIL ADDRESS:
STREET 1: 600 MONTGOMERY STREET 26TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
FORMER COMPANY:
FORMER CONFORMED NAME: THORTEC INTERNATIONAL INC
DATE OF NAME CHANGE: 19900222
FORMER COMPANY:
FORMER CONFORMED NAME: URS CORP /DE/
DATE OF NAME CHANGE: 19871214
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: BLUM CAPITAL PARTNERS LP
CENTRAL INDEX KEY: 0000938775
IRS NUMBER: 943205364
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 909 MONTGOMERY STREET # 400
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94133
BUSINESS PHONE: 4154341111
MAIL ADDRESS:
STREET 1: 909 MONTGOMERY STREET
STREET 2: SUITE 400
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94133
FORMER COMPANY:
FORMER CONFORMED NAME: BLUM RICHARD C & ASSOCIATES L P
DATE OF NAME CHANGE: 19970219
SC 13D/A
1
urs13d34.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 34)*
URS CORPORATION
--------------------------
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
---------------------------------------------
(Title of Class of Securities)
903236107
--------------------------
(CUSIP Number)
Gregory D. Hitchan
Blum Capital Partners, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
---------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 24, 2005
--------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
*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).
Page 1 of 12
CUSIP NO. 903236107 SCHEDULE 13D Page 2 of 12
------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,780,907**
BENEFICIALLY
OWNED BY EACH
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,780,907**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,780,907**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.9%**
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
------------------------------------------------------------------------------
** See Item 5
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 3 of 12
------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,780,907**
BENEFICIALLY
OWNED BY EACH
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,780,907**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,780,907**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.9%**
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
------------------------------------------------------------------------------
** See Item 5
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 4 of 12
------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
------------------------------------------------------------------------------
7. SOLE VOTING POWER 117,860**
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,780,907**
BENEFICIALLY
OWNED BY EACH
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER 117,860**
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,780,907**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,898,767**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.2%**
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
------------------------------------------------------------------------------
** See Item 5
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 5 of 12
------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3303833
------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,780,907**
BENEFICIALLY
OWNED BY EACH
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,780,907**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,780,907**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.9%**
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
------------------------------------------------------------------------------
** See Item 5
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 6 of 12
------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC GP, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3303831
------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,780,907**
BENEFICIALLY
OWNED BY EACH
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,780,907**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,780,907**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.9%**
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
------------------------------------------------------------------------------
** See Item 5
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 7 of 12
This Amendment No. 34 amends the Statement on Schedule 13D
(the "Schedule 13D") filed with the Securities and Exchange Commission (the
"Commission") on September 4, 2003 by Blum Capital Partners, L.P., a
California limited partnership ("Blum LP"); Richard C. Blum & Associates,
Inc., a California corporation ("RCBA Inc."); Blum Strategic Partners, L.P.,
a Delaware limited partnership ("Strategic"); Blum Strategic GP, L.L.C., a
Delaware limited liability company ("Blum GP"); and Richard C. Blum, the
Chairman and a substantial shareholder of RCBA Inc. and a Managing Member of
Blum GP (collectively, the "Reporting Persons"). This Amendment to the
Schedule 13D relates to shares of Common Stock, par value $0.01 of URS
Corporation, a Delaware corporation (the "Issuer"). The principal executive
office and mailing address of the Issuer is 600 Montgomery Street, 26th
Floor, San Francisco, CA 94111-2728. The following amendments to the
Schedule 13D are hereby made. Unless otherwise defined herein, all
capitalized terms shall have the meanings ascribed to them in the
Schedule 13D.
Item 2. Identity and Background
--------------------------------
Item 2 of the Schedule 13D is hereby amended as follows:
Since the filing of Amendment No. 33 to Schedule 13D, there have been changes
to the executive officers and directors of Blum LP and RCBA Inc.
The principal business office address of Blum LP and RCBA Inc. is
909 Montgomery Street, Suite 400, San Francisco, California 94133.
The names of the executive officers and directors of Blum LP and RCBA Inc.,
their addresses, citizenship and principal occupations are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
-------------------- ----------------------- --------- --------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
President & Suite 400 Blum LP
Chairman San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. Norway Managing Partner,
Managing Partner Suite 400 Blum LP
& Director San Francisco, CA 94133
John C. Walker 909 Montgomery St. USA Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
Jose S. Medeiros 909 Montgomery St. Brazil Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
John H. Park 909 Montgomery St. USA Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
Gregory L. Jackson 909 Montgomery St. USA Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
CUSIP NO. 903236107 SCHEDULE 13D Page 8 of 12
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
-------------------- ----------------------- --------- --------------------
Jeffrey A. Cozad 909 Montgomery St. USA Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
Marc T. Scholvinck 909 Montgomery St. USA Partner & Chief
Partner, Chief Suite 400 Financial Officer,
Financial Officer, San Francisco, CA 94133 Blum LP
Assistant Secretary
& Director
Gregory D. Hitchan 909 Montgomery St. USA General Counsel
General Counsel Suite 400 & Secretary,
& Secretary San Francisco, CA 94133 Blum LP
Since the filing of Amendment No. 33 to Schedule 13D, there have been
changes to the members of Blum GP.
The principal business of Blum GP is acting as general partner for Blum
Strategic Partners, L.P., a Delaware limited partnership.
The principal business office address of Blum GP is 909 Montgomery Street,
Suite 400, San Francisco, CA 94133. The names of the managing members and
members of Blum GP, their addresses, citizenship and principal occupations
are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
-------------------- ----------------------- --------- --------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. Norway Managing Partner,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
John C. Walker 909 Montgomery St. USA Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
Jose S. Medeiros 909 Montgomery St. Brazil Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
Jeffrey A. Cozad 909 Montgomery St. USA Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
Marc T. Scholvinck 909 Montgomery St. USA Partner & Chief
Member Suite 400 Financial Officer,
San Francisco, CA 94133 Blum LP
CUSIP NO. 903236107 SCHEDULE 13D Page 9 of 12
Gregory D. Hitchan 909 Montgomery St. USA General Counsel and
Member and Suite 400 Secretary,
General Counsel San Francisco, CA 94133 Blum LP
To the best knowledge of the Reporting Persons, none of the entities or
persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors), nor been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to
such laws.
Item 4. Purpose of Transaction
-------------------------------
Pursuant to the terms of an Underwriting Agreement, dated as of
January 18, 2005 (the "Underwriting Agreement"), among the Issuer, Strategic,
Stinson Capital Partners, L.P. ("Stinson"), Stinson Capital Partners II, L.P.
("Stinson II"), Stinson Capital Partners (QP), L.P. ("Stinson QP"), Stinson
Capital Fund (Cayman), Ltd. ("Stinson Cayman"), BK Capital Partners IV, L.P.
("BK IV") and the underwriter party thereto, on January 24, 2005, Strategic,
Stinson, Stinson II, Stinson QP, Stinson Cayman and BK IV sold to such
underwriter an aggregate of 2,000,000 shares of Common Stock at a price of
$28.76 per share (net of underwriting discounts and commissions), in a public
offering pursuant to the Issuer's Registration Statement on Form S-3
(Registration No. 333-112216) and the prospectus supplement dated January 18,
2005 filed by the Issuer with the Commission on January 19, 2005 (the
"Offering"). Also pursuant to the Underwriting Agreement, Strategic, Stinson,
Stinson II, Stinson QP, Stinson Cayman and BK IV granted to such underwriter
a 30-day option to purchase an aggregate of 300,000 additional shares of
Common Stock, at a price of $28.76 per share (net of underwriting discounts
and commissions), to cover any over-allotments.
The information set forth in this Item 4 is qualified in its entirety by
reference to the Underwriting Agreement (Exhibit A hereto), which is
incorporated by reference herein in its entirety.
Item 5. Interest in Securities of the Issuer
---------------------------------------------
Item 5 of the Schedule 13D is hereby amended as follows:
(a), (b) According to the Issuer's most recent Form 10-K, there were
43,835,413 shares of Common Stock issued and outstanding as of
January 3, 2005. Based on such information, after taking into account the
transactions described in Item 5(c) below, the Reporting Persons report
beneficial ownership of the following shares of Common Stock:(i) 659,856
shares of Common Stock held by Blum LP and RCBA Inc. on behalf of the limited
partnerships for which Blum LP serves as the general partner, or on behalf
of an entity for which Blum LP serves as investment advisor, which represents
1.5% of the outstanding shares of the Common Stock; (ii) 4,121,051 shares of
Common Stock held by Blum GP on behalf of the limited partnership for which
it serves as the general partner, which represents 9.4% of the outstanding
shares of the Common Stock; and (iii) Mr. Blum, who is a director of the
CUSIP NO. 903236107 SCHEDULE 13D Page 10 of 12
Issuer, reports the aggregate of these shares and the 117,860 shares of the
Common Stock of which he has sole beneficial ownership for a total of
4,898,767 shares of the Common Stock, which represents 11.2% of the
outstanding shares of Common Stock.
Voting and investment power concerning the above shares are held solely by
Blum LP and Blum GP. The Reporting Persons therefore may be deemed to be
members in a group, in which case the group would be deemed to have
beneficial ownership of an aggregate of 4,780,907 shares of the Common Stock,
which is 10.9% of the outstanding Common Stock. As the sole general partner of
Blum LP, RCBA Inc. is deemed the beneficial owner of the securities over
which Blum LP has voting and investment power. As Chairman, director and a
substantial shareholder of RCBA Inc., Richard C. Blum might be deemed to be
the beneficial owner of the securities beneficially owned by RCBA Inc.
Mr. Blum may also be deemed to be the beneficial owner of the securities over
which Blum GP has voting and investment power. In addition, Mr. Blum has
sole beneficial ownership of 117,860 shares of the Common Stock (consisting
of shares held directly, shares as beneficiary of a trust and options currently
exercisable). Mr. Blum is a director of the Issuer. Although Mr. Blum is
joining in this Schedule as a Reporting Person, the filing of this Schedule
shall not be construed as an admission that he, or any of the other
shareholders, directors or executive officers of RCBA Inc., and managing
members and members of Blum GP, is, for any purpose, the beneficial owner
of any of the securities that are beneficially owned by RCBA Inc. or Blum GP.
c) The Reporting Persons effected the following transactions in the Common
Stock during the 60 days prior to the filing of this Schedule 13D:
On January 24, 2005, the Reporting Persons sold the following number of
shares of Common Stock in the Offering for a price of $28.76 per share
(net of underwriting discounts and commissions):
Entity Shares
------ ----------
Investment partnerships for 275,947
which Blum LP serves as the
general partner and on behalf
of an entity for which Blum LP
serves as investment advisor.
Entity Shares
------ ---------
The limited partnership for which 1,724,053
Blum GP serves as general partner.
(d) and (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
------------------------------------------------------------------------------
In connection with the Offering, each of Blum LP and Richard C. Blum entered
into an agreement dated as of January 18, 2005, (a "Lock-Up Letter")with the
CUSIP NO. 903236107 SCHEDULE 13D Page 11 of 12
underwriter, pursuant to which, among other things, each agreed that for a
period ending 90 days after the date of the final prospectus relating to the
Offering, such Reporting Person will not, subject to certain exceptions: (i)
offer, pledge, sell, contract to sell, sell any option or contract to
purchase, purchase any option or contract to sell, grant any option, right or
warrant to purchase, lend, or otherwise transfer or dispose of, directly or
indirectly, any shares of Common Stock or any securities convertible into or
exercisable or exchangeable for Common Stock, (ii) enter into any swap or
other arrangement that transfers to another, in whole or in part, any of the
economic consequences of ownership of the Common Stock, whether any such
transaction described in clause (i) above or this clause (ii) is to be
settled by delivery of Common Stock or such other securities, in cash or
otherwise, or (iii) make any demand for or exercise any right with respect
to, the registration of any shares of Common Stock or any security
convertible into or exercisable or exchangeable for Common Stock.
Also in connection with the Offering, each of Strategic, Stinson, Stinson II,
Stinson QP, Stinson Cayman and BK IV entered into the Underwriting Agreement.
The Underwriting Agreement provided for the sale of an aggregate of 2,000,000
shares of Common Stock by Strategic, Stinson, Stinson II, Stinson QP, Stinson
Cayman and BK IV to the underwriter named therein at a price of $28.76 per
share (net of underwriting discounts and commissions) in connection with the
Offering, which sale was completed on January 24, 2005. Also pursuant to the
Underwriting Agreement, Strategic, Stinson, Stinson II, Stinson QP, Stinson
Cayman and BK IV granted to such underwriter a 30-day option to purchase an
aggregate of 300,000 additional shares of Common Stock, at a price of $28.76
per share (net of underwriting discounts and commissions), to cover any over-
allotments.
Except as set forth above, none of the Reporting Persons or, to the best
knowledge of the Reporting Persons, the other persons named in Item 2, is a
party to any contract, arrangement, understanding or relationship with
respect to any securities of the Issuer, including but not limited to the
transfer or voting of any securities of the Issuer, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies.
The information set forth in this Item 6 is qualified in its entirety by
reference to the Underwriting Agreement (Exhibit A hereto) and the form of
Lock-up Letter (Exhibit B hereto), each of which is incorporated by reference
herein in its entirety.
Item 7. Material to be Filed as Exhibits
-----------------------------------------
Exhibit A Underwriting Agreement (incorporated by reference to Exhibit 10.1
of the Issuer's Form 8-K filed with the Securities and Exchange Commission on
January 19, 2005).
Exhibit B Form of Lock-up Letter (incorporated by reference to Exhibit A to
the Underwriting Agreement).
Exhibit C Joint Filing Undertaking (filed herewith).
CUSIP NO. 903236107 SCHEDULE 13D Page 12 of 12
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: January 26, 2005
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- --------------------------------
Gregory D. Hitchan Gregory D. Hitchan
General Counsel and Secretary General Counsel and Secretary
RICHARD C. BLUM
By: /s/ Gregory D. Hitchan
--------------------------------
By: Gregory D. Hitchan
Attorney-in-Fact
BLUM STRATEGIC GP, L.L.C. BLUM STRATEGIC PARTNERS, L.P.
By: Blum Strategic GP, L.L.C.
its General Partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- -------------------------------
Gregory D. Hitchan, Member Gregory D. Hitchan, Member
CUSIP NO. 903236107 SCHEDULE 13D Page 1 of 1
Exhibit C
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: January 26, 2005
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- --------------------------------
Gregory D. Hitchan Gregory D. Hitchan
General Counsel and Secretary General Counsel and Secretary
RICHARD C. BLUM
By: /s/ Gregory D. Hitchan
--------------------------------
By: Gregory D. Hitchan
Attorney-in-Fact
BLUM STRATEGIC GP, L.L.C. BLUM STRATEGIC PARTNERS, L.P.
By: Blum Strategic GP, L.L.C.
its General Partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- -------------------------------
Gregory D. Hitchan, Member Gregory D. Hitchan, Member