Tuesday, December 04, 2007

Shamrock Activist Value Fund Raises Stake in Websense (WBSN) 6.1%

In an amended 13D filing on Websense Inc. (Nasdaq: WBSN), Shamrock Activist Value Fund disclosed a 6.09% stake (2,764,465 shares) in the company. This is up from the 5.03% stake the firm showed in the original 13D (October).

The firm did not amend Item 4 "Purpose of Transaction' of the filing. In the original 13D, the disclosure was pretty standard. Shamrock did not make any direct requests on the company, but said they will monitor the investment and may buy or sell stock accordingly. The firm has no plans which would related to paragraphs (a) through (j) of this Item 4 to the form Schedule 13D.

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