Sec Form 4 Filing - YOVOVICH PAUL G @ HACKETT GROUP, INC. - 2012-03-27

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
YOVOVICH PAUL G
2. Issuer Name and Ticker or Trading Symbol
HACKETT GROUP, INC. [ HCKT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
676 N. MICHIGAN AVE SUITE 3900
3. Date of Earliest Transaction (MM/DD/YY)
03/27/2012
(Street)
CHICAGO, IL60611
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/27/2012 S 4,690,463 ( 1 ) D $ 5 289,227 ( 2 ) I Held by Consulting (as defined) in part and LCM (as defined) in part ( 3 ) ( 4 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
YOVOVICH PAUL G
676 N. MICHIGAN AVE SUITE 3900
CHICAGO, IL60611
X
Signatures
/s/ Paul G. Yovovich 03/29/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the number of shares accepted for purchase by the Issuer in the Issuer's modified "Dutch auction" tender offer. Archstone Consulting, LLC ("Consulting") tendered 4,937,000 shares, but because the tender offer was oversubscribed, the Issuer accepted for purchase a prorated portion (95.01%) of the shares tendered by Consulting.
( 2 )Includes 42,690 restricted stock units granted to Lake Capital Management LLC ("LCM") in connection with Terence M. Graunke's ("Graunke") services as a director to the Issuer, of which 30,042 have not yet vested. Paul G. Yovovich ("Yovovich") is a member of LCM, which is member managed. As such, Yovovich may be deemed to be a beneficial owner of the shares reported in Table I.
( 3 )Consulting is the direct beneficial owner of 4,937,000 shares reported in Table I (including all of the tendered shares). Yovovich is a member of the committee of Lake Capital Investment Partners LP ("Lake Investment") which makes investment related decisions with respect to Lake Capital Partners LP ("Lake Capital"). Lake Capital holds the majority of voting units of Archstone Holdings LLC ("Archstone Holdings"), which in turn holds the majority of voting units in Archstone Intermediate Holdings LLC ("Intermediate Holdings"). Intermediate Holdings holds the majority of voting units of Consulting. As such, Yovovich may be deemed to be a beneficial owner of the shares reported in Table I.
( 4 )The Reporting Person expressly disclaims beneficial ownership of the shares reported in Tables I and II, except to the extent of his pecuniary interest therein. The filing of this form shall not be deemed an admission that the Reporting Person is, for Section 16 purposes or otherwise, the beneficial owner of the shares.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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