13F-HR 1 smallcap13f051412.txt SCHEDULE 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 31 March 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: ValueAct SmallCap Management, L.P. ----------------------------------------------------- 435 Pacific Avenue, Fourth Floor ----------------------------------------------------- San Francisco, CA 94133 ----------------------------------------------------- Form 13F File Number: 28-12774 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: David Lockwood Title: Managing Member Phone: 415-362-3700 Signature, Place, and Date of Signing: /s/ David Lockwood San Francisco, CA May 14, 2012 ------------------ ----------------- ---------------- [Signature] [City, State] [Date] Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 --------------- Form 13F Information Table Entry Total: 2 --------------- Form 13F Information Table Value Total: $60,486 -------------- (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE Voting Authority ---------------------- Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer Title of Class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ENERGY SOLUTIONS INC COM 292756202 30,705 6,266,252 SH Sole 6,266,252 ----------------------------------------------------------------------------------------------------------------------------------- STEINWAY MUSICAL INSTRS INC COM 858495104 29,781 1,191,251 SH Sole 1,191,251 -----------------------------------------------------------------------------------------------------------------------------------