UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 3)
Under the Securities Exchange Act of 1934
SYNOPSYS, INC.
-----------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01
-------------------------------------
(Title of Class of Securities)
871607107
---------
(CUSIP Number)
Murray A. Indick
Blum Capital Partners, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 16, 2003
------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
*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).
Page 1 of 9
CUSIP NO. 871607107 SCHEDULE 13D Page 2 of 9
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1. NAME OF REPORTING PERSON BLUM CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION California
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7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,424,600**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,424,600**
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,424,600**
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.7%**
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14. TYPE OF REPORTING PERSON PN, IA
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 871607107 SCHEDULE 13D Page 3 of 9
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1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION California
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,424,600**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,424,600**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,424,600**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.7%**
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14. TYPE OF REPORTING PERSON CO
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 871607107 SCHEDULE 13D Page 4 of 9
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1. NAME OF REPORTING PERSON BLUM STRATEGIC GP, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3303831
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,424,600**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,424,600**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,424,600**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.7%**
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14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 871607107 SCHEDULE 13D Page 5 of 9
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1. NAME OF REPORTING PERSON BLUM STRATEGIC GP II, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3395150
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3
------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,424,600**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,424,600**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,424,600**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.7%**
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 871607107 SCHEDULE 13D Page 6 of 9
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1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
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7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,424,600**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,424,600**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,424,600**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.7%**
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 871607107 SCHEDULE 13D Page 7 of 9
Item 1. Security and Issuer
----------------------------
This Amendment No. 3 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission (the "Commission") on May
30, 2003 by Blum Capital Partners, L.P., a California limited partnership,
("Blum L.P."); Richard C. Blum & Associates, Inc., a California corporation
("RCBA Inc."); Blum Strategic GP, L.L.C., a Delaware limited liability company
("Blum GP"); Blum Strategic GP II, L.L.C., a Delaware limited liability
company ("Blum GP II"); and Richard C. Blum, the Chairman and a substantial
shareholder of RCBA Inc. and a managing member of Blum GP and Blum GP II
(collectively, the "Reporting Persons"). This amendment relates to shares of
Common Stock, $0.01 par value (the "Common Stock") of Synopsys, Inc., a
Delaware corporation (the "Issuer"). The principal executive office and
mailing address of the Issuer is 700 East Middlefield Road, Mountain View,
California 94043. The following amendments to the Schedule 13D are hereby
made. Unless otherwise defined herein, all capitalized terms shall have the
meanings ascribed to them in the Schedule 13D.
Item 5. Interest in Securities of the Issuer
---------------------------------------------
Item 5 is hereby amended as follows: (a), (b) According to the Issuer's most
recent Form 10-QA, there were 77,253,625 shares of Common Stock issued and
outstanding as of July 7, 2003. Based on such information, after taking into
account the transactions described in Item 5(c) below, the Reporting Persons
report beneficial ownership of the following shares of Common Stock:(i)
1,704,700 shares of Common Stock held by Blum L.P. and RCBA, Inc. on behalf of
the limited partnerships for which Blum L.P. serves as the general partner, or
on behalf of an entity for which Blum L.P. serves as investment advisor, which
represents 2.2% of the outstanding shares of the Common Stock; (ii) 1,562,900
shares of Common Stock held by Blum GP on behalf of the limited partnership
for which it serves as the general partner, which represents 2.0% of the
outstanding shares of the Common Stock; and (iii) 1,157,000 shares of the
Common Stock held by Blum GP II on behalf of the limited partnership for which
it serves as the general partner and on behalf of the limited partnership for
which it serves as the managing limited partner, which represents 1.5% of the
outstanding shares of the Common Stock. Voting and investment power
concerning the above shares are held solely by Blum L.P., Blum GP and Blum GP
II. The Reporting Persons therefore may be deemed to be members in a group,
in which case the group would be deemed to have beneficial ownership of an
aggregate of 4,424,600 shares of the Common Stock, which is 5.7% of the
outstanding Common Stock. As the sole general partner of Blum L.P., RCBA Inc.
is deemed the beneficial owner of the securities over which Blum L.P. has
voting and investment power. As Chairman, director and a substantial
shareholder of RCBA Inc., Richard C. Blum might be deemed to be the beneficial
owner of the securities beneficially owned by RCBA Inc. Additionally, Mr.
Blum may be deemed to be the beneficial owner of the securities over which
Blum GP and Blum GP II has voting and investment power. Although Mr. Blum is
CUSIP NO. 871607107 SCHEDULE 13D Page 8 of 9
joining in this Schedule as a Reporting Person, the filing of this Schedule
shall not be construed as an admission that he, or any of the other
shareholders, directors or executive officers of RCBA Inc., managing members
and members of Blum GP and Blum GP II, is, for any purpose, the beneficial
owner of any of the securities that are beneficially owned by RCBA Inc., Blum
GP, or Blum GP II.
c) The reduction in holdings reflects sales of all shares legally owned by
United Brotherhood of Carpenters Pension Plan for which Blum L.P. maintained
voting and investment power, and whose shares were therefore deemed to be
beneficially owned by Blum L.P. Since the most recent filing of Schedule 13D,
the Reporting Persons sold the following shares of Common Stock in the open
market:
Entity Trade Date Shares Price/Share
------ ---------- ------ ------------
Investment partnerships for 06-10-03 15,000 63.1769
which BLUM L.P. serves as the 06-11-03 17,500 60.5420
general partner and on behalf
of an entity for which
BLUM L.P. serves as investment
advisor
Entity Trade Date Shares Price/Share
------ ---------- ------ ------------
United Brotherhood of 07/11/03 50,900 64.4789
Carpenters Pension Plan, 07/14/03 40,000 65.3913
which Blum L.P. served 07/15/03 25,000 65.6854
as investment advisor 07/16/03 59,000 64.3569
(d) and (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
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None of the Reporting Persons or, to the best knowledge of the Reporting
Persons, the other persons named in Item 2, is a party to any contract,
arrangement, understanding or relationship with respect to any securities of
the Issuer, including but not limited to the transfer or voting of any
securities of the Issuer, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or
loss, or the giving or withholding of proxies, except as previously disclosed.
Item 7. Material to be Filed as Exhibits
-----------------------------------------
Exhibit A Joint Filing Undertaking.
CUSIP NO. 871607107 SCHEDULE 13D Page 9 of 9
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: July 17, 2003
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By Richard C. Blum & Associates, Inc.
its general partner
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Partner, General Counsel, Partner, General Counsel,
Counsel, and Secretary and Secretary
BLUM STRATEGIC GP, L.L.C.
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick, Member
BLUM STRATEGIC PARTNERS, L.P.
By BLUM STRATEGIC GP, L.L.C., its general partner
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick, Member
BLUM STRATEGIC GP II, L.L.C.
By /s/ Murray A. Indick
----------------------------
Murray A. Indick, Member
/s/ Murray A. Indick
------------------------------------
RICHARD C. BLUM
By Murray A. Indick, Attorney-in-Fact
CUSIP NO. 871607107 SCHEDULE 13D Page 1 of 1
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: July 17, 2003
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By Richard C. Blum & Associates, Inc.
its general partner
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Partner, General Counsel, Partner, General Counsel,
Counsel, and Secretary and Secretary
BLUM STRATEGIC GP, L.L.C.
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick, Member
BLUM STRATEGIC PARTNERS, L.P.
By BLUM STRATEGIC GP, L.L.C., its general partner
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick, Member
BLUM STRATEGIC GP II, L.L.C. /s/ Murray A. Indick
------------------------------------
RICHARD C. BLUM
By /s/ Murray A. Indick By Murray A. Indick, Attorney-in-Fact
----------------------------
Murray A. Indick, Member