Sec Form 13D Filing - Oliver Press Partners LLC filing for COHERENT INC (COHR) - 2009-12-08

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 8)*


                                 Coherent, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    192479103
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                                 with a copy to:
     Augustus K. Oliver                          Allen B. Levithan, Esq.
     Oliver Press Partners, LLC                  Lowenstein Sandler PC
     152 West 57th Street                        65 Livingston Avenue
     New York, New York 10019                    Roseland, New Jersey 07068
     (212) 277-5654                              (973) 597-2406
- --------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                December 7, 2009
- --------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)



If the filing person has previously  filed a statement on Schedule l3G to report
the  acquisition  that is the subject of this  Schedule  13D, and is filing this
schedule because of Sections 240.13d-1(e),  240.13d-1(f) or 240.13d-1(g),  check
the following box. [ ]

Note:  Schedules  filed in paper format shall include a signed original and five
copies of the schedule,  including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

*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).





Cusip No.     192479103
- --------------------------------------------------------------------------------
1.   Names of Reporting  Persons:  Oliver Press Partners, LLC
     I.R.S.  Identification  Nos. of above persons (entities only):  20-2688930

- --------------------------------------------------------------------------------
2.   Check the Appropriate Box if a Member of a Group (See Instructions):

     (a)
     (b)    X
- --------------------------------------------------------------------------------
3.   SEC Use Only

- --------------------------------------------------------------------------------
4.   Source of Funds (See Instructions):  OO
- --------------------------------------------------------------------------------
5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
     or 2(e):

- --------------------------------------------------------------------------------
6.   Citizenship or Place of Organization:  Delaware
- --------------------------------------------------------------------------------

   Number of                          7. Sole Voting Power:                   0
                                         ---------------------------------------
   Shares Beneficially                8. Shared Voting Power:         1,202,091*
                                         ---------------------------------------
   Owned by
   Each Reporting                     9. Sole Dispositive Power:              0
                                         ---------------------------------------
   Person With                       10. Shared Dispositive Power:    1,202,091*
                                         ---------------------------------------
- --------------------------------------------------------------------------------
11.  Aggregate Amount Beneficially Owned by Each Reporting Person:   1,202,091*
- --------------------------------------------------------------------------------
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares
     (See Instructions):
- --------------------------------------------------------------------------------
13.  Percent of Class Represented by Amount in Row (11):  4.9%*
- --------------------------------------------------------------------------------
14.  Type of Reporting Person (See Instructions):  IA
- --------------------------------------------------------------------------------

* This is a joint filing by Oliver Press Partners,  LLC, Oliver Press Investors,
LLC,  Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 165,112 shares of common stock, par value
$0.01 per share (the "Shares"),  of Coherent,  Inc., a Delaware corporation (the
"Company"),  owned,  as of December 7, 2009,  by  Davenport  Partners,  L.P.,  a
Delaware limited partnership,  the 980,771 Shares owned by JE Partners,  L.P., a
Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP,
a Cayman limited partnership.






Cusip No.     192479103
- --------------------------------------------------------------------------------
1.   Names of Reporting  Persons:  Oliver Press Investors, LLC
     I.R.S.  Identification  Nos. of above persons (entities only):  20-2688868

- --------------------------------------------------------------------------------
2.   Check the Appropriate Box if a Member of a Group (See Instructions):

     (a)
     (b)    X
- --------------------------------------------------------------------------------
3.   SEC Use Only

- --------------------------------------------------------------------------------
4.   Source of Funds (See Instructions):  OO
- --------------------------------------------------------------------------------
5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
     or 2(e):

- --------------------------------------------------------------------------------
6.   Citizenship or Place of Organization:  Delaware
- --------------------------------------------------------------------------------

   Number of                          7. Sole Voting Power:                   0
                                         ---------------------------------------
   Shares Beneficially                8. Shared Voting Power:         1,202,091*
                                         ---------------------------------------
   Owned by
   Each Reporting                     9. Sole Dispositive Power:              0
                                         ---------------------------------------
   Person With                       10. Shared Dispositive Power:    1,202,091*
                                         ---------------------------------------
- --------------------------------------------------------------------------------
11.  Aggregate Amount Beneficially Owned by Each Reporting Person:   1,202,091*
- --------------------------------------------------------------------------------
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares
     (See Instructions):
- --------------------------------------------------------------------------------
13.  Percent of Class Represented by Amount in Row (11):  4.9%*
- --------------------------------------------------------------------------------
14.  Type of Reporting Person (See Instructions):  PN
- --------------------------------------------------------------------------------

* This is a joint filing by Oliver Press Partners,  LLC, Oliver Press Investors,
LLC,  Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 165,112 shares of common stock, par value
$0.01 per share (the "Shares"),  of Coherent,  Inc., a Delaware corporation (the
"Company"),  owned,  as of December 7, 2009,  by  Davenport  Partners,  L.P.,  a
Delaware limited partnership,  the 980,771 Shares owned by JE Partners,  L.P., a
Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP,
a Cayman limited partnership.





Cusip No.     192479103
- --------------------------------------------------------------------------------
1.   Names of Reporting  Persons:  Augustus K. Oliver
     I.R.S.  Identification  Nos. of above persons (entities only):

- --------------------------------------------------------------------------------
2.   Check the Appropriate Box if a Member of a Group (See Instructions):

     (a)
     (b)    X
- --------------------------------------------------------------------------------
3.   SEC Use Only

- --------------------------------------------------------------------------------
4.   Source of Funds (See Instructions):  OO
- --------------------------------------------------------------------------------
5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
     or 2(e):

- --------------------------------------------------------------------------------
6.   Citizenship or Place of Organization:  United States
- --------------------------------------------------------------------------------

   Number of                          7. Sole Voting Power:                   0
                                         ---------------------------------------
   Shares Beneficially                8. Shared Voting Power:         1,202,091*
                                         ---------------------------------------
   Owned by
   Each Reporting                     9. Sole Dispositive Power:              0
                                         ---------------------------------------
   Person With                       10. Shared Dispositive Power:    1,202,091*
                                         ---------------------------------------
- --------------------------------------------------------------------------------
11.  Aggregate Amount Beneficially Owned by Each Reporting Person:   1,202,091*
- --------------------------------------------------------------------------------
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares
     (See Instructions):
- --------------------------------------------------------------------------------
13.  Percent of Class Represented by Amount in Row (11):  4.9%*
- --------------------------------------------------------------------------------
14.  Type of Reporting Person (See Instructions):  IN
- --------------------------------------------------------------------------------

* This is a joint filing by Oliver Press Partners,  LLC, Oliver Press Investors,
LLC,  Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 165,112 shares of common stock, par value
$0.01 per share (the "Shares"),  of Coherent,  Inc., a Delaware corporation (the
"Company"),  owned,  as of December 7, 2009,  by  Davenport  Partners,  L.P.,  a
Delaware limited partnership,  the 980,771 Shares owned by JE Partners,  L.P., a
Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP,
a Cayman limited partnership.





Cusip No.     192479103
- --------------------------------------------------------------------------------
1.   Names of Reporting  Persons:  Clifford Press
     I.R.S.  Identification  Nos. of above persons (entities only):

- --------------------------------------------------------------------------------
2.   Check the Appropriate Box if a Member of a Group (See Instructions):

     (a)
     (b)    X
- --------------------------------------------------------------------------------
3.   SEC Use Only

- --------------------------------------------------------------------------------
4.   Source of Funds (See Instructions):  OO
- --------------------------------------------------------------------------------
5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
     or 2(e):

- --------------------------------------------------------------------------------
6.   Citizenship or Place of Organization:  United States
- --------------------------------------------------------------------------------

   Number of                          7. Sole Voting Power:               2,000*
                                         ---------------------------------------
   Shares Beneficially                8. Shared Voting Power:         1,202,091*
                                         ---------------------------------------
   Owned by
   Each Reporting                     9. Sole Dispositive Power:          2,000*
                                         ---------------------------------------
   Person With                       10. Shared Dispositive Power:    1,202,091*
                                         ---------------------------------------
- --------------------------------------------------------------------------------
11.  Aggregate Amount Beneficially Owned by Each Reporting Person:   1,204,091*
- --------------------------------------------------------------------------------
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares
     (See Instructions):
- --------------------------------------------------------------------------------
13.  Percent of Class Represented by Amount in Row (11):  4.9%*
- --------------------------------------------------------------------------------
14.  Type of Reporting Person (See Instructions):  IN
- --------------------------------------------------------------------------------

* This is a joint filing by Oliver Press Partners,  LLC, Oliver Press Investors,
LLC,  Augustus K. Oliver and Clifford Press, who share the power to vote and the
power to direct the disposition of the 165,112 shares of common stock, par value
$0.01 per share (the "Shares"),  of Coherent,  Inc., a Delaware corporation (the
"Company"),  owned,  as of December 7, 2009,  by  Davenport  Partners,  L.P.,  a
Delaware limited partnership,  the 980,771 Shares owned by JE Partners,  L.P., a
Bermuda partnership, and the 56,208 Shares owned by Oliver Press Master Fund LP,
a Cayman limited partnership.





Item 4.   Purpose of Transaction.
          ----------------------

          Item 4 is hereby amended by adding the following  paragraph  after the
last paragraph thereof:

          "On December 7, 2009, JE made an in-kind pro rata distribution without
consideration  of  100,000  Shares  of the  Company  held  by it to its  limited
partners.  OPP expects from time to time to dispose of additional  shares of the
Company's  common stock,  through further  distributions  to limited partners or
sales,  although  if  market  conditions  warrant,  it may  consider  purchasing
additional shares."


Item 5.   Interest in Securities of the Issuer.
          ------------------------------------

          Item 5 is  hereby  deleted  in its  entirety  and  replaced  with  the
following:

          "As of the close of business on December 7, 2009,  Davenport Partners,
L.P., a Delaware limited  partnership  ("Davenport"),  owned 165,112 Shares,  JE
owned  980,771  Shares,  and  Oliver  Press  Master  Fund LP,  a Cayman  limited
partnership  ("Master Fund"),  owned 56,208 Shares,  constituting 0.7%, 4.0% and
0.2%,  respectively,  and 4.9% in the aggregate, of the approximately 24,454,611
Shares outstanding as of July 31, 2009, as disclosed in the Company's  quarterly
report on Form 10-Q for the  quarterly  period  ended July 4, 2009.  OPP, as the
investment  adviser  to  Davenport,  JE  and  Master  Fund  (collectively,   the
"Partner
ships"),  has the power to vote and the power to direct the  disposition
of such Shares.  OPI, as the general  partner of the  Partnerships,  and Messrs.
Oliver and Press,  as the  Managing  Members of OPP and OPI,  share the power to
vote and the power to direct the disposition of such Shares.  As of the close of
business on December 7, 2009, Mr. Press owned, individually, 2,000 Shares.

          The following table details the transactions since the Filing Parties'
last Schedule 13D amendment,  dated  December 1, 2009, in Shares,  or securities
convertible  into,  exercisable for or exchangeable for Shares,  effected by the
Partnerships,  or any other person or entity  controlled by the  Partnerships or
any person or entity for which the  Partnerships  possess  voting or  investment
control over the  securities  thereof (each of which was effected in an ordinary
brokerage transaction).


                                      Sales

        Date                  Security        Amount         Price

        12/02/2009            Shares             300         $26.50
        12/03/2009            Shares             700         $26.5414
        12/04/2009            Shares          10,485         $26.6185
        12/07/2009            Shares           8,100         $26.8262


          As of December 7, 2009, the  Partnerships  ceased to beneficially  own
more than 5% of the outstanding Shares."





Item 7.   Exhibits.
          --------

          Exhibit A - Joint Filing  Agreement,  dated as of December 7, 2009, by
and among Oliver Press Investors,  LLC, Oliver Press Partners,  LLC, Augustus K.
Oliver and Clifford Press.










                                    Signature
                                    ---------

          After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.

                                            December 7, 2009


                                            OLIVER PRESS INVESTORS, LLC

                                            By: /s/ Augustus K. Oliver
                                               ---------------------------------
                                                    Augustus K. Oliver
                                                    Managing Member


                                            OLIVER PRESS PARTNERS, LLC

                                            By: /s/ Clifford Press
                                               ---------------------------------
                                                    Clifford Press
                                                    Managing Member


                                            /s/ Augustus K. Oliver
                                            ------------------------------------
                                                Augustus K. Oliver


                                            /s/ Clifford Press
                                            ------------------------------------
                                                Clifford Press



  Attention: Intentional misstatements or omissions of fact constitute Federal
                    criminal violations (See 18 U.S.C. 1001).





                                   Exhibit A

                             JOINT FILING AGREEMENT
                             ----------------------



          The undersigned  agree that this Schedule 13D Amendment No. 8 relating
to the shares of common  stock of Coherent,  Inc. is filed  jointly on behalf of
each of the undersigned pursuant to Rule 13d-1(k).


                                            December 7, 2009



                                            OLIVER PRESS INVESTORS, LLC

                                            By: /s/ Augustus K. Oliver
                                               ---------------------------------
                                                    Augustus K. Oliver
                                                    Managing Member


                                            OLIVER PRESS PARTNERS, LLC

                                            By: /s/ Clifford Press
                                               ---------------------------------
                                                    Clifford Press
                                                    Managing Member



                                            /s/ Augustus K. Oliver
                                            ------------------------------------
                                                Augustus K. Oliver



                                            /s/ Clifford Press
                                            ------------------------------------
                                                Clifford Press