Hutchinson Technology Incorporated
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(Name of Issuer)
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Common Stock, par value $.01 per share
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(Title of Class of Securities)
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448407106
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(CUSIP Number)
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December 31, 2015
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No.
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448407106
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Whitebox Advisors LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [_]
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(b) [X]
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5.
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SOLE VOTING POWER
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0
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6.
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SHARED VOTING POWER
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3,762,776 (see Item 4)
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7.
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SOLE DISPOSITIVE POWER
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0
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8.
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SHARED DISPOSITIVE POWER
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3,762,776 (see Item 4)
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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3,762,776 (see Item 4)
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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[_]
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.99% (see Item 4)
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12.
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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CUSIP No.
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448407106
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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||
Whitebox General Partner LLC
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||
2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [_]
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||
(b) [X]
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||
3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5.
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SOLE VOTING POWER
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0
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6.
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SHARED VOTING POWER
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3,762,776 (see Item 4)
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7.
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SOLE DISPOSITIVE POWER
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0
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8.
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SHARED DISPOSITIVE POWER
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3,762,776 (see Item 4)
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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3,762,776 (see Item 4)
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||
10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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[_]
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.99% (see Item 4)
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12.
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP No.
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448407106
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Item 1.
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(a).
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Name of Issuer:
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Hutchinson Technology Incorporated
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(b).
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Address of issuer's principal executive offices:
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40 West Highland Park Drive N.E.
Hutchinson, MN 55350 |
Item 2.
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(a).
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Name of person filing:
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This statement is filed by:
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(i)
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Whitebox Advisors LLC, a Delaware limited liability company ("WA");
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(ii)
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Whitebox General Partner LLC, a Delaware limited liability company ("WGP").
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(b).
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Address or principal business office or, if none, residence:
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The address of the business office of WA and WGP is:
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3033 Excelsior Boulevard
Suite 300 Minneapolis, MN 55416 |
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(c).
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Citizenship:
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WA and WGP are organized under the laws of the State of Delaware.
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(d).
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Title of class of securities:
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Common Stock, par value $.01 per share
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(e).
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CUSIP No.:
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448407106
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Item 3.
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If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
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(a)
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[_]
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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[_]
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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[_]
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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[_]
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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[_]
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An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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(f)
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[_]
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An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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(g)
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[_]
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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[_]
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
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(i)
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[_]
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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[_]
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A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
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Item 4.
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Ownership.
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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(a)
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Amount beneficially owned:
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WA is deemed to be the beneficial owner of 3,762,776 shares of Common Stock, par value $.01 per share ("Common Stock") as a result of its ownership of Convertible Bonds of the Issuer.
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WGP is deemed to beneficially own 3,762,776 shares of Common Stock as a result of its ownership of Convertible Bonds of the Issuer.
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The percentage of Common Stock reportedly owned by each entity herein is based on 33,902,630 shares of outstanding Common Stock of the Issuer, which is the total number of shares outstanding as of December 9, 2015 and Convertible Bonds owned by the Reporting Persons.
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(b)
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Percent of class:
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WA is deemed to beneficially own 9.99% of the Issuer's Common Stock.
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WGP is deemed to beneficially own 9.99% of the Issuer's Common Stock.
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(c) | Number of shares as to which the person has: |
(i)
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Sole power to vote or to direct the vote
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0
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(ii)
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Shared power to vote or to direct the vote
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WA has shared voting power with respect to 3,762,776 shares of the Issuer's Common Stock.
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WGP has shared voting power with respect to 3,762,776 shares of the Issuer's Common Stock.
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(iii)
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Sole power to dispose or to direct the disposition of
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0
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(iv)
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Shared power to dispose or to direct the disposition of
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WA has shared voting power with respect to 3,762,776 shares of the Issuer's Common Stock.
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|||||
WGP has shared voting power with respect to 3,762,776 shares of the Issuer's Common Stock.
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Item 5.
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [_].
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Item 6.
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Ownership of More Than Five Percent on Behalf of Another Person.
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All of the Reported Shares are held in the accounts of WA's clients, none of which individually own more than 5% of the Common Shares.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Not Applicable
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Item 8.
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Identification and Classification of Members of the Group.
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Not Applicable
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Item 9.
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Notice of Dissolution of Group.
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Not Applicable
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Item 10.
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Certification.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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February 10, 2016
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Date
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/s/ Michael P. McCormick
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Signature
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Michael P. McCormick as Chief Financial Officer of Whitebox Advisors LLC.
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Name/Title
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February 10, 2016
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Date
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/s/ Michael P. McCormick
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Signature
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Michael P. McCormick as Authorized Person of Whitebox General Partner LLC.
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Name/Title
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February 10, 2016
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Date
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/s/ Michael P. McCormick
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Signature
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Michael P. McCormick as Chief Financial Officer of Whitebox Advisors LLC.
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Name/Title
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February 10, 2016
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Date
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/s/ Michael P. McCormick
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Signature
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Michael P. McCormick as Authorized Person of Whitebox General Partner LLC.
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Name/Title
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