Page 5 of 8 – SEC Filing
This Amendment No. 3 to Schedule 13D (this Amendment No. 3) relates to the
common stock, par value $0.01 per share (the Shares), of Autodesk, Inc., a Delaware corporation (the Issuer) and amends the Schedule 13D filed on November 16, 2015, as amended by Amendment No. 1 thereto filed on
December 11, 2015 and Amendment No. 2 thereto filed on March 11, 2016 (the Original Schedule 13D and, together with this Amendment No. 3, the Schedule 13D). Capitalized terms used and not defined in this
Amendment No. 3 have the meanings set forth in the Original Schedule 13D.
This Amendment No. 3 is being filed to amend Item 4 and
Item 5 of the Schedule 13D as follows. This Amendment No. 3 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons as the Reporting Persons beneficially own less than five percent of the Shares of
the Issuer.
| Item 4. | Purpose of Transaction. |
Item 4 of the Schedule 13D is amended to add the following:
The Reporting Persons sold a portion of their Shares solely for portfolio management reasons. Due to the significant price appreciation of the
Shares since their original investment the Reporting Persons position in the Shares had significantly increased as a percentage of total assets under management. The Reporting Persons position in the Shares remains the largest position
owned by the Reporting Persons. The Reporting Persons are pleased with the progress that has been made in both the Issuers business model transition and operating fundamentals and remain confident in the Issuers ability to continue to
create value for shareholders. While the Reporting Persons currently expect to maintain a very significant portfolio position in the Shares, consistent with their investment purpose, the Reporting Persons may make, or cause to be made, further
dispositions of Shares from time to time and may acquire, or cause to be acquired, additional Shares, in each case depending on market conditions and other factors.
| Item 5. | Interest in Securities of the Issuer. |
Item 5 of the Schedule 13D is amended to add the following:
(a), (b) The aggregate number of Shares to which this Schedule 13D relates is 8,017,159 Shares. Based upon a total of 222,556,352
outstanding Shares, as reported in the Issuers quarterly report on Form 10-Q for the quarterly period ended October 31, 2016, the Reporting Persons Shares collectively represent approximately 3.6% of the outstanding Shares.
(i) Eminence Capital
(a) As of
the date hereof, Eminence Capital may be deemed the beneficial owner of 8,013,784 Shares, constituting approximately 3.6% of the outstanding Shares.
| (b) | 1. | Sole power to vote or direct vote: 0 | ||
| 2. | Shared power to vote or direct vote: 8,013,784 Shares | |||
| 3. | Sole power to dispose or direct the disposition: 0 | |||
| 4. | Shared power to dispose or direct the disposition: 8,013,784 Shares |
(ii) Eminence GP
(a) As of the date hereof, Eminence GP may be deemed the beneficial owner of 6,157,144 Shares, constituting approximately 2.8% of the
outstanding Shares.
| (b) | 1. | Sole power to vote or direct vote: 0 | ||
| 2. | Shared power to vote or direct vote: 6,157,144 Shares | |||
| 3. | Sole power to dispose or direct the disposition: 0 | |||
| 4. | Shared power to dispose or direct the disposition: 6,157,144 Shares |
(iii) Mr. Sandler
(a) As of the date hereof, Mr. Sandler may be deemed the beneficial owner of 8,017,159 Shares, constituting approximately 3.6% of the
outstanding Shares.
| (b) | 1. | Sole power to vote or direct vote: 3,375 Shares | ||
| 2. | Shared power to vote or direct vote: 8,013,784 Shares | |||
| 3. | Sole power to dispose or direct the disposition: 3,375 Shares | |||
| 4. | Shared power to dispose or direct the disposition: 8,013,784 Shares |
(c) Set forth on Schedule A hereto are all transactions in the Shares of the Issuer effected in the last 60
days by the Reporting Persons.
(d) Each of the clients of Eminence Capital has the right to receive, or the power to direct the receipt of
dividends from, or the proceeds of the sale of, such Shares beneficially held by Eminence Capital, as applicable.
(e) On March 16, 2017
each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the Shares.
