SEC Info - Oliver Press Partners, LLC, et al. - ‘SC 13D’ on 8/27/07 re: Coherent Inc

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Oliver Press Partners, LLC, et al. – ‘SC 13D’ on 8/27/07 re: Coherent Inc

On: Monday, 8/27/07, at 11:00am ET · Accession #: 1188112-7-2630 · File #: 5-15939

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/27/07  Oliver Press Partners, LLC        SC 13D                 1:21K  Coherent Inc                      Toppan Vite NY Inc./FA
          Augustus K. Oliver
          Clifford Press
          Oliver Press Investors, LLC

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership             11     38K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Exhibits Identity and Background Interest in Securities of the Issuer Purpose of Transaction Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
6	Item 1. Security and Issuer
"	Item 2. Identity and Background
"	Item 3. Source and Amount of Funds or Other Consideration
"	Item 4. Purpose of Transaction
7	Item 5. Interest in Securities of the Issuer
"	Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
"	Item 7. Exhibits

SC 13D 1st Page of 11 TOC ↑Top Previous Next ↓Bottom Just 1st
 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
 UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)*

Coherent, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)

 Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)

 192479103
--------------------------------------------------------------------------------
(CUSIP Number)
                                         WITH A COPY TO:
     Augustus K. Oliver                          Allen B. Levithan, Esq.
   Oliver Press Partners, LLC                  Lowenstein Sandler PC
  152 West 57th Street                        65 Livingston Avenue
        New York, New York 10019                    Roseland, New Jersey 07068
(212) 277-5654                              (973) 597-2406    
--------------------------------------------------------------------------------
 (Name, Address and Telephone Number of Person
 Authorized to Receive Notices and Communications)

 August 16, 2007
--------------------------------------------------------------------------------
 (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule l3G 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. |_|                                                              

NOTE: Schedules filed in paper format shall include a signed original and five  
copies of the schedule, including all exhibits. See 240.13d-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).                                                                         

SC 13D 2nd Page of 11 TOC 1st Previous Next ↓Bottom Just 2nd
Cusip No. 192479103                                                           
--------------------------------------------------------------------------------
1.    Name of Reporting Person:  Oliver Press Partners, LLC             
         I.R.S. Identification No. of above person (entities only): 20-2688930

--------------------------------------------------------------------------------

  2.    Check the Appropriate Box if a Member of a Group (See Instructions):
(a)                                                 
(b)    X                                            

--------------------------------------------------------------------------------
3.    SEC Use Only                                                      

--------------------------------------------------------------------------------
4.    Source of Funds (See Instructions):  OO                           

--------------------------------------------------------------------------------
5.    Check if Disclosure of Legal Proceedings Is Required Pursuant to  
Items 2(d) or 2(e):                                         

--------------------------------------------------------------------------------
6.    Citizenship or Place of Organization:  Delaware                   

--------------------------------------------------------------------------------
  Number of                  7. Sole Voting Power:                         0
   Shares Beneficially        8. Shared Voting Power:               1,872,865*
Owned by                                                                
  Each Reporting             9. Sole Dispositive Power:                    0
   Person With               10. Shared Dispositive Power:          1,872,865*

--------------------------------------------------------------------------------
11.   Aggregate Amount Beneficially Owned by Each                       
         Reporting Person:                                          1,872,865*

--------------------------------------------------------------------------------
12.   Check if the Aggregate Amount in Row (11) Excludes Certain Shares 
(See Instructions):                                         

--------------------------------------------------------------------------------
   13.   Percent of Class Represented by Amount in Row (11):             6.0%*

--------------------------------------------------------------------------------
14.   Type of Reporting Person (See Instructions):  IA                  

--------------------------------------------------------------------------------
* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors, 
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the 
power to direct the disposition of the 244,118 shares of common stock, par value
$0.01 per share (the "SHARES"), of Coherent, Inc., a Delaware corporation,      
owned, as of August 27, 2007, by Davenport Partners, L.P., a Delaware limited   
partnership, and the 1,628,747 Shares owned by JE Partners, a Bermuda           
partnership. See Items 2 and 5 of this Schedule 13D for additional information. 

-2- 

SC 13D 3rd Page of 11 TOC 1st Previous Next ↓Bottom Just 3rd
Cusip No. 192479103                                                             
--------------------------------------------------------------------------------
1.    Name of Reporting Person:  Oliver Press Investors, LLC            
         I.R.S. Identification No. of above person (entities only): 20-2688868

--------------------------------------------------------------------------------
  2.    Check the Appropriate Box if a Member of a Group (See Instructions):
(a)                                                         
(b)    X                                                    
--------------------------------------------------------------------------------
3.    SEC Use Only                                                      

--------------------------------------------------------------------------------
4.    Source of Funds (See Instructions):  OO                           

--------------------------------------------------------------------------------
5.    Check if Disclosure of Legal Proceedings Is Required Pursuant to  
Items 2(d) or 2(e):                                         

--------------------------------------------------------------------------------
6.    Citizenship or Place of Organization:  Delaware                   

--------------------------------------------------------------------------------
  Number of                  7. Sole Voting Power:                         0
   Shares Beneficially        8. Shared Voting Power:               1,872,865*
Owned by                                                                
  Each Reporting             9. Sole Dispositive Power:                    0
   Person With               10. Shared Dispositive Power:          1,872,865*

--------------------------------------------------------------------------------
11.   Aggregate Amount Beneficially Owned by Each                       
         Reporting Person:                                          1,872,865*

--------------------------------------------------------------------------------
12.   Check if the Aggregate Amount in Row (11) Excludes Certain Shares 
(See Instructions):                                         

--------------------------------------------------------------------------------
    13.   Percent of Class Represented by Amount in Row (11):              6.0%*

--------------------------------------------------------------------------------
14.   Type of Reporting Person (See Instructions):  PN                  

--------------------------------------------------------------------------------
* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors, 
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the 
power to direct the disposition of the 244,118 shares of common stock, par value
$0.01 per share (the "SHARES"), of Coherent, Inc., a Delaware corporation,      
owned, as of August 27, 2007, by Davenport Partners, L.P., a Delaware limited   
partnership, and the 1,628,747 Shares owned by JE Partners, a Bermuda           
partnership. See Items 2 and 5 of this Schedule 13D for additional information. 

-3- 

SC 13D 4th Page of 11 TOC 1st Previous Next ↓Bottom Just 4th
Cusip No. 192479103                                                             
--------------------------------------------------------------------------------
1.    Name of Reporting Person:  Augustus K. Oliver                     
I.R.S. Identification No. of above person (entities only):  

--------------------------------------------------------------------------------
  2.    Check the Appropriate Box if a Member of a Group (See Instructions):
(a)                                                         
(b)    X                                                    

--------------------------------------------------------------------------------
3.    SEC Use Only                                                      

--------------------------------------------------------------------------------
4.    Source of Funds (See Instructions):  OO                           

--------------------------------------------------------------------------------
5.    Check if Disclosure of Legal Proceedings Is Required Pursuant to  
Items 2(d) or 2(e):                                         

--------------------------------------------------------------------------------
6.    Citizenship or Place of Organization:  United States              

--------------------------------------------------------------------------------
 Number of                 7. Sole Voting Power:                         0
  Shares Beneficially       8. Shared Voting Power:               1,872,865*
Owned by                                                                
 Each Reporting            9. Sole Dispositive Power:                    0
  Person With              10. Shared Dispositive Power:          1,872,865*

--------------------------------------------------------------------------------
11.   Aggregate Amount Beneficially Owned by Each                       
        Reporting Person:                                         1,872,865*

--------------------------------------------------------------------------------
12.   Check if the Aggregate Amount in Row (11) Excludes Certain Shares 
(See Instructions):                                         

--------------------------------------------------------------------------------
   13.   Percent of Class Represented by Amount in Row (11):             6.0%*

--------------------------------------------------------------------------------
14.   Type of Reporting Person (See Instructions): IN                   

--------------------------------------------------------------------------------
* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors, 
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the 
power to direct the disposition of the 244,118 shares of common stock, par value
$0.01 per share (the "SHARES"), of Coherent, Inc., a Delaware corporation,      
owned, as of August 27, 2007, by Davenport Partners, L.P., a Delaware limited   
partnership, and the 1,628,747 Shares owned by JE Partners, a Bermuda           
partnership. See Items 2 and 5 of this Schedule 13D for additional information. 

-4- 

SC 13D 5th Page of 11 TOC 1st Previous Next ↓Bottom Just 5th
Cusip No. 192479103                                                             
--------------------------------------------------------------------------------
1.    Name of Reporting Person:  Clifford Press                         
I.R.S. Identification No. of above person (entities only):  

--------------------------------------------------------------------------------
  2.    Check the Appropriate Box if a Member of a Group (See Instructions):
(a)                                                         
(b)    X                                                    

--------------------------------------------------------------------------------
3.    SEC Use Only                                                      

--------------------------------------------------------------------------------
4.    Source of Funds (See Instructions):  OO                           

--------------------------------------------------------------------------------
5.    Check if Disclosure of Legal Proceedings Is Required Pursuant to  
Items 2(d) or 2(e):                                         

--------------------------------------------------------------------------------
6.    Citizenship or Place of Organization:  United States              

--------------------------------------------------------------------------------
  Number of                 7. Sole Voting Power:                          0
   Shares Beneficially       8. Shared Voting Power:                1,872,865*
Owned by                                                                
  Each Reporting            9. Sole Dispositive Power:                     0
   Person With              10. Shared Dispositive Power:           1,872,865*

--------------------------------------------------------------------------------
11.   Aggregate Amount Beneficially Owned by Each                       
         Reporting Person:                                          1,872,865*

--------------------------------------------------------------------------------
12.   Check if the Aggregate Amount in Row (11) Excludes Certain Shares 
(See Instructions):                                         

--------------------------------------------------------------------------------
    13.   Percent of Class Represented by Amount in Row (11):              6.0%*

--------------------------------------------------------------------------------
14.   Type of Reporting Person (See Instructions):  IN                  

--------------------------------------------------------------------------------
* This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors, 
LLC, Augustus K. Oliver and Clifford Press, who share the power to vote and the 
power to direct the disposition of the 244,118 shares of common stock, par value
$0.01 per share (the "SHARES"), of Coherent, Inc., a Delaware corporation,      
owned, as of August 27, 2007, by Davenport Partners, L.P., a Delaware limited   
partnership, and the 1,628,747 Shares owned by JE Partners, a Bermuda           
partnership. See Items 2 and 5 of this Schedule 13D for additional information. 

-5- 

SC 13D 6th Page of 11 TOC 1st Previous Next ↓Bottom Just 6th
Item 1. Security and Issuer.                                    
-------------------                             

        This Schedule 13D relates to shares of the common stock, par value $0.01
per share (the "SHARES"), of Coherent, Inc., a Delaware corporation (the        
"COMPANY"), whose principal executive offices are at 5100 Patrick Henry Drive,  
Santa Clara, California 95054.                                                  

Item 2. Identity and Background.                                
-----------------------                         

     This Schedule 13D is being filed by i) Oliver Press Investors, LLC, a
Delaware limited liability company ("OPI"), and the general partner of each of  
Davenport Partners, L.P., a Delaware limited partnership ("DAVENPORT"), and JE  
Partners, a Bermuda partnership ("JE" and, together with Davenport, the         
"PARTNERSHIPS"), ii) Oliver Press Partners, LLC, a Delaware limited liability   
company ("OPP"), the investment adviser to each of Davenport and JE, iii)       
Augustus K. Oliver ("OLIVER") and iv) Clifford Press ("Press" and, collectively 
with OPI, OPP and Oliver, the "FILING PARTIES"). Oliver and Press are United    
States citizens and the Managing Members of each of OPI and OPP. The business   
address of the Filing Parties is 152 West 57th Street, 46th Floor, New York, New
York 10019.                                                                     

       None of the Filing Parties have been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors), nor has any Filing Party
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 3. Source and Amount of Funds or Other Consideration.      
 -------------------------------------------------

        The amount required by Davenport to purchase the 244,118 Shares owned by
it was $7,205,165.19, including commissions. The amount required by JE to       
purchase the 1,628,747 Shares owned by it was $47,425,263.64, including         
commissions. All Shares owned by Davenport and JE were purchased in open market 
transactions with cash from their respective partnership assets.                

Item 4. Purpose of Transaction.                                 
----------------------                          

      The Partnerships purchased the Shares because OPP, as their investment
adviser, believed the Shares to be undervalued. OPP believes that the Company   
has underperformed and has not provided sufficient value to its shareholders.   
OPP intends to take over time any and all actions considered appropriate to     
realize the value it believes is inherent in the Shares. OPP intends to exchange
views with the Company's management and Board of Directors, and possibly other  
shareholders, concerning the strategic direction of the Company. In addition,   
OPP may pursue representation of OPP's principals on the Company's Board of     
Directors.                                                                      

 Depending upon OPP's view of the Company's business and financial
prospects and general market conditions, the Partnerships may purchase          
additional Shares or dispose of Shares at any time or from time to time.        

-6- 

SC 13D 7th Page of 11 TOC 1st Previous Next ↓Bottom Just 7th
Item 5. Interest in Securities of the Issuer.                   
------------------------------------            

  As of August 27, 2007, Davenport owned 244,118 Shares and JE owned
1,628,747 Shares, constituting 0.78% and 5.19%, respectively, and 6.0% in the   
aggregate, of the 31,411,080 Shares reported by the Company to be outstanding as
of September 29, 2006 on the Amendment No. 1 to Form S-3 filed by the Company   
with the Securities and Exchange Commission on October 4, 2006. OPP as the      
investment adviser to the Partnerships, has the power to vote and the power to  
direct the disposition of such Shares. OPI, as the general partner of the       
Partnerships, and Messrs. Oliver and Press, as the Managing Members of OPP and  
OPI, share the power to vote and to the power to direct the disposition of such 
Shares.                                                                         

     Attached hereto as Schedule I is a list of all transactions in Shares
effected by the Partnerships in the sixty (60) days on or prior to August 16,   
2007, and from August 16, 2007 through and including August 27, 2007. No other  
Filing Party had any transactions in Shares.                                    

     Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.            
             -------------------------------------------------------------

None.                                                           

Item 7. Exhibits.                                               
--------                                        

       EXHIBIT A - Joint filing agreement, dated as of August 27, 2007, by and
among Oliver Press Investors, LLC, Oliver Press Partners, LLC, Augustus K.      
Oliver and Clifford Press.                                                      

-7- 

SC 13D 8th Page of 11 TOC 1st Previous Next ↓Bottom Just 8th
 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.                                                                        

                       August 27, 2007

                                   OLIVER PRESS INVESTORS, LLC

                                  By: /s/ Augustus K. Oliver
                                                --------------------------------
                                  Augustus K. Oliver
                               Managing Member

                                  OLIVER PRESS PARTNERS, LLC

                              By: /s/ Clifford Press
                                                --------------------------------
                              Clifford Press
                               Managing Member

                              /s/ Augustus K. Oliver
                                            ------------------------------------
                          Augustus K. Oliver

                          /s/ Clifford Press
                                            ------------------------------------
                      Clifford Press

ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). 

-8- 

SC 13D 9th Page of 11 TOC 1st Previous Next ↓Bottom Just 9th
SCHEDULE I

Purchases by JE Partners, LP

Date           No. of Shares            Total Cost*          Price Per Share*   
----           -------------            -----------          ----------------   
10-Jul-07         25,400              $   771,852.66              30.3879       
11-Jul-07         16,940              $   513,954.52              30.3397       
20-Jul-07         24,600              $   751,746.48              30.5588       
24-Jul-07         54,700              $ 1,674,170.08              30.6064       
25-Jul-07         30,300              $   925,107.48              30.5316       
26-Jul-07         58,200              $ 1,751,342.76              30.0918       
27-Jul-07        115,527              $ 3,389,527.52              29.3397       
30-Jul-07         77,900              $ 2,258,539.12              28.9928       
31-Jul-07         88,400              $ 2,557,933.56              28.9359       
1-Aug-07        106,100              $ 3,070,183.87              28.9367      
2-Aug-07         73,000              $ 2,131,497.80              29.1986      
3-Aug-07        142,500              $ 4,112,008.50              28.8562      
6-Aug-07        237,500              $ 6,808,341.25              28.6667      
7-Aug-07         95,000              $ 2,747,894.00              28.9252      
16-Aug-07         20,300              $   568,397.97              27.9999       
17-Aug-07        264,000              $ 7,508,160.00              28.4400       
24-Aug-07         18,800              $   568,327.76              30.2302       

* Including Commissions                                                         

SC 13D 10th Page of 11 TOC 1st Previous Next ↓Bottom Just 10th
 Purchases by Davenport Partners, LP

Date           No. of Shares            Total Cost*          Price Per Share*   
----           -------------            -----------          ----------------   
10-Jul-07          7,600              $   230,948.04              30.3879       
11-Jul-07          5,060              $   153,518.88              30.3397       
20-Jul-07          7,400              $   226,135.12              30.5588       
24-Jul-07         16,300              $   498,884.32              30.6064       
25-Jul-07          6,700              $   204,561.72              30.5316       
26-Jul-07         12,800              $   385,175.04              30.0918       
27-Jul-07         25,400              $   745,228.38              29.3397       
30-Jul-07         17,089              $   495,457.96              28.9928       
31-Jul-07          7,700              $   222,806.43              28.9359       
1-Aug-07          9,214              $   266,622.75              28.9367      
2-Aug-07          3,800              $   110,954.68              29.1986      
3-Aug-07          7,500              $   216,421.50              28.8562      
6-Aug-07         12,500              $   358,333.75              28.6667      
7-Aug-07          5,000              $   144,626.00              28.9252      
16-Aug-07          1,020              $    28,559.90              27.9999       
17-Aug-07         13,915              $   395,742.60              28.4400       
24-Aug-07          1,200              $    36,276.24              30.2302       

* Including Commissions                                                         

SC 13D Last Page of 11 TOC 1st Previous Next ↓Bottom Just 11th
 EXHIBIT A

JOINT FILING AGREEMENT
----------------------

      The undersigned agree that this Schedule 13D relating to the shares of
common stock of Coherent, Inc. is filed jointly on behalf of each of the        
undersigned pursuant to Rule 13d-1(k).                                          

                       August 27, 2007

                                   OLIVER PRESS INVESTORS, LLC

                                  By: /s/ Augustus K. Oliver
                                                --------------------------------
                                  Augustus K. Oliver
                               Managing Member

                                  OLIVER PRESS PARTNERS, LLC

                              By: /s/ Clifford Press
                                                --------------------------------
                              Clifford Press
                               Managing Member

                              /s/ Augustus K. Oliver
                                            ------------------------------------
                          Augustus K. Oliver

                          /s/ Clifford Press
                                            ------------------------------------
                      Clifford Press

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D’ Filing	Date	First	Last	Other Filings

Filed on:	8/27/07	2	11
	8/16/07	1	7	8-K
	10/4/06	7		S-3/A
	9/29/06	7
				List all Filings

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Filing Submission 0001188112-07-002630 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Oliver Press Partners, LLC, et al. – ‘SC 13D’ on 8/27/07 re: Coherent Inc

On: Monday, 8/27/07, at 11:00am ET · Accession #: 1188112-7-2630 · File #: 5-15939

Previous ‘SC 13D’: ‘SC 13D’ on 7/30/07 · Next: ‘SC 13D/A’ on 10/4/07 · Latest: ‘SC 13D/A’ on 12/8/09

General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents