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Oliver Press Partners, LLC, et al. – ‘SC 13D/A’ on 12/8/09 re: Coherent Inc

On:  Tuesday, 12/8/09, at 11:35am ET   ·   Accession #:  905718-9-575   ·   File #:  5-15939

Previous ‘SC 13D’:  ‘SC 13D/A’ on 12/1/09   ·   Latest ‘SC 13D’:  This Filing

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

12/08/09  Oliver Press Partners, LLC        SC 13D/A               1:19K  Coherent Inc                      Lowenstein Sandler PC/FA
          Augustus K. Oliver
          Clifford Press
          Oliver Press Investors, LLC

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Sc13Dam8                                               9     34K 


Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
6Item 4. Purpose of Transaction
"Item 4. Is Hereby Amended by Adding the Following Paragraph After the Last Paragraph Thereof:
"Item 5. Interest in Securities of the Issuer
"Item 5. Is Hereby Deleted in Its Entirety and Replaced With the Following:
7Item 7. Exhibits
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 8)* 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) December 7, 2009 -------------------------------------------------------------------------------- (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 Sections 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 Section 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).
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Cusip No. 192479103 -------------------------------------------------------------------------------- 1. Names of Reporting Persons: Oliver Press Partners, LLC I.R.S. Identification Nos. of above persons (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: 1,202,091* --------------------------------------- Owned by Each Reporting 9. Sole Dispositive Power: 0 --------------------------------------- Person With 10. Shared Dispositive Power: 1,202,091* --------------------------------------- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,202,091* -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 4.9%* -------------------------------------------------------------------------------- 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 165,112 shares of common stock, par value $0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation (the "Company"), owned, as of December 7, 2009, by Davenport Partners, L.P., a Delaware limited partnership, the 980,771 Shares owned by JE Partners, L.P., a Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP, a Cayman limited partnership.
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Cusip No. 192479103 -------------------------------------------------------------------------------- 1. Names of Reporting Persons: Oliver Press Investors, LLC I.R.S. Identification Nos. of above persons (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: 1,202,091* --------------------------------------- Owned by Each Reporting 9. Sole Dispositive Power: 0 --------------------------------------- Person With 10. Shared Dispositive Power: 1,202,091* --------------------------------------- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,202,091* -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 4.9%* -------------------------------------------------------------------------------- 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 165,112 shares of common stock, par value $0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation (the "Company"), owned, as of December 7, 2009, by Davenport Partners, L.P., a Delaware limited partnership, the 980,771 Shares owned by JE Partners, L.P., a Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP, a Cayman limited partnership.
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Cusip No. 192479103 -------------------------------------------------------------------------------- 1. Names of Reporting Persons: Augustus K. Oliver I.R.S. Identification Nos. of above persons (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: 1,202,091* --------------------------------------- Owned by Each Reporting 9. Sole Dispositive Power: 0 --------------------------------------- Person With 10. Shared Dispositive Power: 1,202,091* --------------------------------------- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,202,091* -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 4.9%* -------------------------------------------------------------------------------- 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 165,112 shares of common stock, par value $0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation (the "Company"), owned, as of December 7, 2009, by Davenport Partners, L.P., a Delaware limited partnership, the 980,771 Shares owned by JE Partners, L.P., a Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP, a Cayman limited partnership.
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Cusip No. 192479103 -------------------------------------------------------------------------------- 1. Names of Reporting Persons: Clifford Press I.R.S. Identification Nos. of above persons (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: 2,000* --------------------------------------- Shares Beneficially 8. Shared Voting Power: 1,202,091* --------------------------------------- Owned by Each Reporting 9. Sole Dispositive Power: 2,000* --------------------------------------- Person With 10. Shared Dispositive Power: 1,202,091* --------------------------------------- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,204,091* -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 4.9%* -------------------------------------------------------------------------------- 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 165,112 shares of common stock, par value $0.01 per share (the "Shares"), of Coherent, Inc., a Delaware corporation (the "Company"), owned, as of December 7, 2009, by Davenport Partners, L.P., a Delaware limited partnership, the 980,771 Shares owned by JE Partners, L.P., a Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP, a Cayman limited partnership.
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Item 4. Purpose of Transaction. ---------------------- Item 4 is hereby amended by adding the following paragraph after the last paragraph thereof: "On December 7, 2009, JE made an in-kind pro rata distribution without consideration of 100,000 Shares of the Company held by it to its limited partners. OPP expects from time to time to dispose of additional shares of the Company's common stock, through further distributions to limited partners or sales, although if market conditions warrant, it may consider purchasing additional shares." Item 5. Interest in Securities of the Issuer. ------------------------------------ Item 5 is hereby deleted in its entirety and replaced with the following: "As of the close of business on December 7, 2009, Davenport Partners, L.P., a Delaware limited partnership ("Davenport"), owned 165,112 Shares, JE owned 980,771 Shares, and Oliver Press Master Fund LP, a Cayman limited partnership ("Master Fund"), owned 56,208 Shares, constituting 0.7%, 4.0% and 0.2%, respectively, and 4.9% in the aggregate, of the approximately 24,454,611 Shares outstanding as of July 31, 2009, as disclosed in the Company's quarterly report on Form 10-Q for the quarterly period ended July 4, 2009. OPP, as the investment adviser to Davenport, JE and Master Fund (collectively, 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 the power to direct the disposition of such Shares. As of the close of business on December 7, 2009, Mr. Press owned, individually, 2,000 Shares. The following table details the transactions since the Filing Parties' last Schedule 13D amendment, dated December 1, 2009, in Shares, or securities convertible into, exercisable for or exchangeable for Shares, effected by the Partnerships, or any other person or entity controlled by the Partnerships or any person or entity for which the Partnerships possess voting or investment control over the securities thereof (each of which was effected in an ordinary brokerage transaction). Sales Date Security Amount Price 12/02/2009 Shares 300 $26.50 12/03/2009 Shares 700 $26.5414 12/04/2009 Shares 10,485 $26.6185 12/07/2009 Shares 8,100 $26.8262 As of December 7, 2009, the Partnerships ceased to beneficially own more than 5% of the outstanding Shares."
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Item 7. Exhibits. -------- Exhibit A - Joint Filing Agreement, dated as of December 7, 2009, by and among Oliver Press Investors, LLC, Oliver Press Partners, LLC, Augustus K. Oliver and Clifford Press.
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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. December 7, 2009 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).
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Exhibit A JOINT FILING AGREEMENT ---------------------- The undersigned agree that this Schedule 13D Amendment No. 8 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). December 7, 2009 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

Dates Referenced Herein   and   Documents Incorporated by Reference

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Filed on:12/8/09
12/7/0919
12/1/0964,  SC 13D/A
7/31/096
7/4/09610-Q
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