UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 7)
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)
Gregory D. Hitchan
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)
November 1, 2004
--------------------------
(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 10
CUSIP NO. 871607107 SCHEDULE 13D Page 2 of 10
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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 7,604,188**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 7,604,188**
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,604,188**
------------------------------------------------------------------------------
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) 4.9%**
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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 10
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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) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 7,604,188**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 7,604,188**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,604,188**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.9%**
------------------------------------------------------------------------------
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 10
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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 7,604,188**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 7,604,188**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,604,188**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.9%**
------------------------------------------------------------------------------
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 10
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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
------------------------------------------------------------------------------
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
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 7,604,188**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 7,604,188**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,604,188**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.9%**
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 871607107 SCHEDULE 13D Page 6 of 10
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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]
------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------
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) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 7,604,188**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 7,604,188**
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,604,188**
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.9%**
------------------------------------------------------------------------------
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 10
Item 1. Security and Issuer
----------------------------
This Amendment No. 7 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission (the "Commission") on May
17, 2004 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-Q, there were 152,099,509 shares of Common Stock issued and
outstanding as of September 4, 2004. 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) 2,532,138 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 1.7% of the outstanding shares of the Common Stock;
(ii) 1,691,900 shares of Common Stock held by Blum GP on behalf of the limited
partnership for which it serves as the general partner, which represents 1.1%
of the outstanding shares of the Common Stock; (iii) 3,235,550 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 2.1% of the
outstanding shares of the Common Stock; and (iv) 72,300 shares of the Common
Stock that are legally owned by The Nuclear Decommissioning Trust of Dominion
Nuclear Connecticut, Inc. ("Dominion Connecticut") and 72,300 shares of the
Common Stock that are legally owned by Virginia Electric and Power Company
Qualified Nuclear Decommissioning Trust ("Virginia Electric")(collectively,
the "Investment Advisory Clients"), with respect to which Blum L.P. has voting
and investment power. Each Investment Advisory Client has entered into an
investment management agreement with Blum L.P., but neither Investment
Advisory Client has any contract, arrangement or understanding with the other
Investment Advisory Client, or any other Reporting Person, with respect to the
acquisition, ownership, disposition or voting of any shares of the Common
Stock. Each Investment Advisory Client disclaims membership in a group with
any Reporting Person or with the other Investment Advisory Client, and each
disclaims beneficial ownership of any shares beneficially owned by the
Reporting Persons other than for their own account.
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 7,604,188 shares of the Common
Stock, which is 4.9% of the outstanding Common Stock. As the sole general
CUSIP NO. 871607107 SCHEDULE 13D Page 8 of 10
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 have voting and investment power.
Although Mr. Blum is 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) During the last 60 days, the Reporting Persons purchased the following
shares of Common Stock in the open market:
Entity Trade Date Shares Price/Share
------ ---------- ------- ----------
The limited partnerships for 09-10-04 186,500 16.8295
which Blum GP II serves as the 09-13-04 63,500 16.7991
general partner and the managing 09-14-04 55,682 16.8482
limited partner. 09-15-04 80,468 16.6720
09-21-04 404 16.5983
09-21-04 19,596 16.5984
09-22-04 80,000 16.4838
During the last 60 days, the Reporting Persons sold the following shares of
Common Stock in the open market:
Entity Trade Date Shares Price/Share
------ ---------- ------ ------------
Investment partnerships for 10-22-04 215,700 15.7569
which Blum L.P. serves as the 10-25-04 51,500 15.8535
general partner and on behalf 10-26-04 18,400 15.9800
of an entity for which Blum L.P. 10-27-04 281,500 16.0208
serves as investment advisor. 10-28-04 33,300 16.1350
10-29-04 168,100 16.1119
11-01-04 324,900 16.1512
Entity Trade Date Shares Price/Share
------ ---------- ------- -----------
The limited partnership for 10-22-04 40,000 15.7569
which Blum GP serves as the 10-25-04 34,500 15.8535
general partner 10-26-04 12,200 15.9800
10-27-04 188,000 16.0208
10-28-04 22,200 16.1350
10-29-04 112,400 16.1119
11-01-04 217,200 16.1512
CUSIP NO. 871607107 SCHEDULE 13D Page 9 of 10
Entity Trade Date Shares Price/Share
------ ---------- ------- ----------
The limited partnerships for 10-22-04 76,600 15.7569
which Blum GP II serves as the 10-25-04 66,000 15.8535
general partner and the managing 10-26-04 23,400 15.9800
limited partner. 10-27-04 359,500 16.0208
10-28-04 42,500 16.1350
10-29-04 214,900 16.1119
11-01-04 415,300 16.1512
Entity Trade Date Shares Price/Share
------ ---------- ------ ------------
The Investment Advisory 10-22-04 3,400 15.7569
Clients for which Blum L.P. 10-25-04 4,500 15.8535
serves as investment advisor. 10-26-04 1,000 15.9800
10-27-04 16,000 16.0208
10-28-04 2,000 16.1350
10-29-04 9,600 16.1119
11-01-04 18,600 16.1512
(d) Not applicable.
(e) As of November 1, 2004, the Reporting Persons ceased to be beneficial
owners of more than five percent of the Common Stock.
Item 7. Material to be Filed as Exhibits
-----------------------------------------
Exhibit A Joint Filing Undertaking.
CUSIP NO. 871607107 SCHEDULE 13D Page 10 of 10
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: November 10, 2004
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its general partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- -----------------------------------
Gregory D. Hitchan Gregory D. Hitchan
General Counsel and Secretary General Counsel and Secretary
BLUM STRATEGIC GP, L.L.C.
By: /s/ Gregory D. Hitchan
-------------------------------
Gregory D. Hitchan, General Counsel
BLUM STRATEGIC GP II, L.L.C.
By: /s/ Gregory D. Hitchan
----------------------------
Gregory D. Hitchan, General Counsel
RICHARD C. BLUM
/s/ Gregory D. Hitchan
------------------------------------
By: Gregory D. Hitchan, 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: November 10, 2004
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its general partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- -----------------------------------
Gregory D. Hitchan Gregory D. Hitchan
General Counsel and Secretary General Counsel and Secretary
BLUM STRATEGIC GP, L.L.C.
By: /s/ Gregory D. Hitchan
-------------------------------
Gregory D. Hitchan, General Counsel
BLUM STRATEGIC GP II, L.L.C.
By: /s/ Gregory D. Hitchan
----------------------------
Gregory D. Hitchan, General Counsel
RICHARD C. BLUM
/s/ Gregory D. Hitchan
------------------------------------
By: Gregory D. Hitchan, Attorney-in-Fact