0001140223-05-000005.txt : 20120618 0001140223-05-000005.hdr.sgml : 20120618 20050317164849 ACCESSION NUMBER: 0001140223-05-000005 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050317 DATE AS OF CHANGE: 20050317 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DEEPHAVEN CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001140223 IRS NUMBER: 411908497 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 130 CHESHIRE LANE SUITE 102 CITY: MINNETONKA STATE: MN ZIP: 55305 BUSINESS PHONE: 9522495500 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HOLLYWOOD ENTERTAINMENT CORP CENTRAL INDEX KEY: 0000905895 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-VIDEO TAPE RENTAL [7841] IRS NUMBER: 930981138 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-43241 FILM NUMBER: 05689408 BUSINESS ADDRESS: STREET 1: 9275 SW PEYTON LANE CITY: WILSONVILLE STATE: OR ZIP: 97070 BUSINESS PHONE: 5035701600 MAIL ADDRESS: STREET 1: 9275 SW PEYTON LANE CITY: WILSONVILLE STATE: OR ZIP: 97070 SC 13D 1 form13dhollywood.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Hollywood Entertainment Corp. -------------------------------------------------------------------------------- (Name of Issuer) Common -------------------------------------------------------------------------------- (Title of Class of Securities) 436141105 -------------------------------------------------------------------------------- (CUSIP Number) JIM KORN, ESQ. DEEPHAVEN CAPITAL MANAGEMENT LLC 130 CHESHIRE LANE, SUITE 102 MINNETONKA, MN 55305 952-249-5538 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 4, 2005 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) If the 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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-2(g), check the following box. [x] CUSIP No. 436141105 ================================================================================ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Deephaven Capital Management LLC 41-1908497 ================================================================================ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) N/A (b) N/A ================================================================================ 3. SEC Use Only ================================================================================ 4. Source of Funds WC ================================================================================ 5. Check 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 3,568,140 Number of ================================================================== Shares 8. Shared Voting Power Beneficially 0 Owned by ================================================================== Each 9. Sole Dispositive Power Reporting 3,568,140 Person With ================================================================== 10. Shared Dispositive Power 0 ================================================================================ 11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,568,140 ================================================================================ 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares N/A ================================================================================ 13. Percent of Class Represented by Amount in Row (11) 5.86% ================================================================================ 14. Type of Reporting Person 00 ================================================================================ Item 1. Security and Issuer Common Stock Hollywood Entertainment Corp. 9275 SW PEYTON LANE WILSONVILLE OR 97070 Item 2. (a) This statement is filed on behalf of Deephaven Capital Management LLC, a Delaware limited liability company. (b) The principal business address of Deephaven Capital Management LLC is 130 Cheshire Lane, Suite 102, Minnetonka, MN 55305 (c) The principal business of Deephaven Capital Management LLC is an unregistered investment advisor. (d) During the last 5 years, Deephaven Capital Management LLC has not been convicted in a criminal proceeding. (e) During the last 5 years, Deephaven Capital Management LLC, has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction. (f) Deephaven Capital Management LLC is a Delaware limited liability company. Item 3. The source of funding for the purchase of these Shares was general working capital. Item 4. Purpose of Transaction. Deephaven Capital Management LLC acquired the Shares believing them to be undervalued. Deephaven Capital Management LLC reserves the right to acquire additional Shares at any time and from time to time in the open market or otherwise. In addition, Registrant may dispose of all or any portion of the Shares at any time or from time to time in the open market or otherwise. Registrant may seek to participate in, and influence the outcome of, any proxy solicitation and the bidding process involving the Issuer, as a bidder or otherwise. Item 5. Interest in Securities of Issuer (a) Deephaven Capital Management LLC is the beneficialy owner of 3,568,140 shares of Hollywood Entertainment Corp. common stock, which constitutes 5.86% of total shares outstanding. (b) Deephaven Capital Management LLC has sole power to vote or to direct the vote, as well as the sole power to dispose or to direct the disposition of the 3,568,140 shares. (c) Deephaven Capital Management LLC effected the following transactions in the open market in the last 60 days: Trade Date Transaction Type Quantity Price 1/14/2005 Buy 70,631 $ 14.12 1/14/2005 Buy 7,063 $ 14.12 1/14/2005 Buy 98,884 $ 14.12 1/18/2005 Buy 24,836 $ 14.29 1/18/2005 Buy 2,484 $ 14.29 1/18/2005 Buy 34,771 $ 14.29 1/19/2005 Buy 100,000 $ 14.23 1/19/2005 Buy 132,000 $ 14.25 1/19/2005 Buy 10,000 $ 14.23 1/19/2005 Buy 13,200 $ 14.25 1/19/2005 Buy 140,000 $ 14.23 1/19/2005 Buy 184,800 $ 14.25 1/20/2005 Buy 24,000 $ 14.20 1/20/2005 Buy 40,000 $ 14.24 1/20/2005 Buy 2,400 $ 14.20 1/20/2005 Buy 4,000 $ 14.24 1/20/2005 Buy 33,600 $ 14.20 1/20/2005 Buy 56,000 $ 14.24 1/21/2005 Buy 3,967 $ 14.26 1/21/2005 Buy 426 $ 14.26 1/21/2005 Buy 5,607 $ 14.26 1/24/2005 Buy 4,000 $ 14.22 1/24/2005 Buy 400 $ 14.22 1/24/2005 Buy 5,600 $ 14.22 2/2/2005 Buy 205,000 $ 14.50 2/2/2005 Buy 30,750 $ 14.50 2/2/2005 Buy 3,000 $ 14.50 2/2/2005 Buy 20,000 $ 14.50 2/2/2005 Buy 275,000 $ 14.50 2/2/2005 Buy 41,250 $ 14.50 2/3/2005 Buy 8,302 $ 14.43 2/3/2005 Buy 810 $ 14.43 2/3/2005 Buy 11,137 $ 14.43 2/16/2005 Sell (25,697) $ 14.09 2/16/2005 Sell (2,694) $ 14.09 2/16/2005 Sell (35,849) $ 14.09 2/17/2005 Sell (40,000) $ 14.00 2/17/2005 Sell (100,000) $ 13.90 2/17/2005 Sell (13,240) $ 13.97 2/17/2005 Sell (4,000) $ 14.00 2/17/2005 Sell (10,000) $ 13.90 2/17/2005 Sell (1,655) $ 13.97 2/17/2005 Sell (56,000) $ 14.00 2/17/2005 Sell (140,000) $ 13.90 2/17/2005 Sell (18,205) $ 13.97 2/18/2005 Buy 20,500 $ 13.85 2/18/2005 Buy 43,050 $ 13.85 2/18/2005 Buy 2,000 $ 13.85 2/18/2005 Buy 4,200 $ 13.85 2/18/2005 Buy 27,500 $ 13.85 2/18/2005 Buy 57,750 $ 13.85 2/23/2005 Buy 10,019 $ 13.85 2/23/2005 Buy 1,050 $ 13.85 2/23/2005 Buy 13,931 $ 13.85 3/4/2005 Buy 410,000 $ 13.85 3/4/2005 Buy 290,870 $ 13.85 3/4/2005 Buy 40,000 $ 13.85 3/4/2005 Buy 28,378 $ 13.85 3/4/2005 Buy 550,000 $ 13.85 3/4/2005 Buy 390,190 $ 13.85 3/7/2005 Buy 125,010 $ 13.92 3/7/2005 Buy 12,691 $ 13.92 3/7/2005 Buy 171,050 $ 13.92 3/8/2005 Buy 47,062 $ 14.01 3/8/2005 Buy 4,591 $ 14.01 3/8/2005 Buy 63,133 $ 14.01 3/9/2005 Sell (21,607) $ 14.23 3/9/2005 Sell (2,108) $ 14.23 3/9/2005 Sell (28,985) $ 14.23 3/10/2005 Sell (41,000) $ 14.33 3/10/2005 Sell (16,199) $ 14.25 3/10/2005 Sell (4,000) $ 14.33 3/10/2005 Sell (1,644) $ 14.25 3/10/2005 Sell (55,000) $ 14.33 3/10/2005 Sell (22,157) $ 14.25 3/11/2005 Sell (174,250) $ 14.23 3/11/2005 Sell (23,775) $ 14.24 3/11/2005 Sell (607) $ 14.27 3/11/2005 Sell (17,000) $ 14.23 3/11/2005 Sell (2,414) $ 14.24 3/11/2005 Sell (62) $ 14.27 3/11/2005 Sell (233,750) $ 14.23 3/11/2005 Sell (831) $ 14.27 3/11/2005 Sell (32,537) $ 14.24 3/16/2005 Buy 1,505 $ 13.95 3/16/2005 Sell (1,505) $ 14.09 3/16/2005 Buy 1,995 $ 13.95 3/16/2005 Sell (1,995) $ 14.09 (d) N/A (e) N/A Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer N/A Item 7. Material to be Filed as Exhibits N/A 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 March 17, 2004 Signature /s/ Jim Korn, Chief Legal Officer