0001214659-15-007725.txt : 20151113 0001214659-15-007725.hdr.sgml : 20151113 20151113100015 ACCESSION NUMBER: 0001214659-15-007725 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20151113 DATE AS OF CHANGE: 20151113 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UTi WORLDWIDE INC CENTRAL INDEX KEY: 0001124827 STANDARD INDUSTRIAL CLASSIFICATION: ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61229 FILM NUMBER: 151227300 BUSINESS ADDRESS: STREET 1: C/O UTI, SERVICES, INC. STREET 2: 100 OCEANGATE, SUITE 1500 CITY: LONG BEACH STATE: CA ZIP: 90802 BUSINESS PHONE: 562-552-9400 MAIL ADDRESS: STREET 1: C/O UTI, SERVICES, INC. STREET 2: 100 OCEANGATE, SUITE 1500 CITY: LONG BEACH STATE: CA ZIP: 90802 FORMER COMPANY: FORMER CONFORMED NAME: c/o UTi, Services, Inc. DATE OF NAME CHANGE: 20040917 FORMER COMPANY: FORMER CONFORMED NAME: UTI WORLDWIDE INC DATE OF NAME CHANGE: 20000926 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sterling Capital Management LLC CENTRAL INDEX KEY: 0001329883 IRS NUMBER: 421658828 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 4064 COLONY ROAD STREET 2: SUITE 300 CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: (704) 372-8670 MAIL ADDRESS: STREET 1: 4064 COLONY ROAD STREET 2: SUITE 300 CITY: CHARLOTTE STATE: NC ZIP: 28211 SC 13D/A 1 j1112150sc13da1.htm AMENDMENT NO. 1 j1112150sc13da1.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

Schedule 13D/A
Under the Securities Exchange Act of 1934
 
 
UTI Worldwide Inc.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)

 
(CUSIP Number)

Brian M. Moran
Sterling Capital Management LLC
4064 Colony Road, Suite 300
Charlotte, NC  28211
704-927-4143
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 

November 10, 2015
(Date of Event Which Requires Filing of This Statement) (Title of Class of Securities)

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. x

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.

1
Names of reporting persons.
 
Sterling Capital Management
42-1658828
2
Check the appropriate box if a member of a group
 
(a) o
(b) x
3
SEC use only
 
 
4
Source of funds (see instructions)
 
OO.  Funds of investment advisory clients.
5
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e). o
 
Not applicable.
6
Citizenship or place of organization
 
North Carolina
Number of shares
beneficially owned
by each reporting
person with:
7
Sole voting power
 
1,984,753 shares
8
Shared voting power
 
None
9
Sole dispositive power
 
3,218,858 shares
10
Shared dispositive power
 
None
11
Aggregate amount beneficially owned by each reporting person
 
3,456,097 shares
12
Check if the aggregate amount in Row (11) excludes certain shares (see instructions). o
 
Not applicable
13
Percent of class represented by amount in Row (11)
 
3.3%
14
Type of reporting person (see instructions)
 
IA
 
 
 
 
 
This amendment No. 1 amends the Statement on Schedule 13D filed on October 21, 2015.

This amendment No. 1 constitutes an exit filing for the Reporting Person whose beneficial ownership is below 5.0% and has determined that a 13D is no longer warranted based on the proxy statement filed by the Subject Company on November 9, 2015.
 
Item 4. Purpose of Transaction.

Item 4. Is hereby amended and restated as follows:

After reviewing the preliminary proxy statement filed November 9, 2015, we remain disappointed with the value placed on the ordinary shares in the acquisition offer from DSV.  Nonetheless, we no longer believe the 13D filing is warranted. 
 
Item 5. Interest in Securities of the Issuer.

Items 5(a) and (b) are hereby amended and restated as follows:


(a) and (b).  The aggregate number and percentage of Securities to which this Schedule 13D relates is 3,456,097 shares of the common stock of the Issuer, constituting approximately 3.26% of the 106,060,988 shares outstanding.

Item 5(c) is hereby amended and restated as follows:

Transaction
Trade Date
Share Amount
Average Price
Sell
10/26/2015
450
$7.0405
Sell
10/26/2015
183
$7.07
Sell
11/06/2015
450
$7.08
Sell
11/06/2015
314
$7.09
Buy
11/09/2015
525
$7.06
Buy
11/09/2015
200
$7.06
Sell
11/10/2015
303
$6.96
Sell
11/10/2015
575
$6.98
Sell
11/10/2015
535
$6.97

Item 5(e) is hereby amended and restated as follows:

(e).  The Reporting Person determined on November 10, 2015 that a 13D was no longer warranted based on the proxy statement filed by the Subject Company on November 9, 2015.
 
 
 
 
 
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.

Date:  November 12, 2015
 
 
STERLING CAPITAL MANAGEMENT LLC
   
   
 
By
  
/s/  Brian M. Moran
     
Brian M. Moran
     
Executive Director & Chief Compliance
Officer