UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires:
December 31, 2005

 

SCHEDULE 13G

Estimated average burden hours per response. . 11

 

Under the Securities Exchange Act of 1934
(Amendment No.     )*

 

Huttig Building Products, Inc.

(Name of Issuer)

Common Stock, par value $.01 per share

(Title of Class of Securities)

448451104

(CUSIP Number)

January 23, 2007

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

 

*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 the disclosures provided in a prior cover page.

 

The information required in 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. 448451104

 

 

1.

Names of Reporting Persons/

I.R.S. Identification Nos. of above persons (entities only)

Discovery Group I, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group

(See Instructions)

 

Not Applicable

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

None

 

6.

Shared Voting Power

1,053,600

 

7.

Sole Dispositive Power

None

 

8.

Shared Dispositive Power

1,053,600

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,053,600

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

Not Applicable

 

 

11.

Percent of Class Represented by Amount in Row (9)

5.1%

 

 

12.

Type of Reporting Person (See Instructions)

OO

 



 

CUSIP No. 448451104

 

 

1.

Names of Reporting Persons/

I.R.S. Identification Nos. of above persons (entities only)

Daniel J. Donoghue

 

 

2.

Check the Appropriate Box if a Member of a Group

(See Instructions)

 

Not Applicable

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

U.S.A.

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

None

 

6.

Shared Voting Power

1,053,600

 

7.

Sole Dispositive Power

None

 

8.

Shared Dispositive Power

1,053,600

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,053,600

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

Not Applicable

 

 

11.

Percent of Class Represented by Amount in Row (9)

5.1%

 

 

12.

Type of Reporting Person (See Instructions)

IN

 



 

CUSIP No. 448451104

 

 

1.

Names of Reporting Persons/

I.R.S. Identification Nos. of above persons (entities only)

Michael R. Murphy

 

 

2.

Check the Appropriate Box if a Member of a Group

(See Instructions)

 

Not Applicable

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

U.S.A.

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

None

 

6.

Shared Voting Power

1,053,600

 

7.

Sole Dispositive Power

None

 

8.

Shared Dispositive Power

1,053,600

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,053,600

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

Not Applicable

 

 

11.

Percent of Class Represented by Amount in Row (9)

5.1%

 

 

12.

Type of Reporting Person (See Instructions)

IN

 



Item 1.

 

 

 

 

 

 

(a)

 

Name of Issuer

 

 

 

 

 

 

 

 

 

Huttig Building Products, Inc.

 

 

(b)

 

Address of Issuer’s Principal Executive Offices

 

 

 

 

 

 

 

 

 

555 Maryville University Drive, Suite 240, St. Louis, Missouri 63141

 

 

 

 

 

Item 2.

 

 

 

 

 

 

(a)

 

Name of Person Filing

 

 

 

 

 

 

 

 

 

Discovery Group I, LLC (“Discovery Group”)

Daniel J. Donoghue, a Managing Member of Discovery Group

Michael R. Murphy, a Managing Member of Discovery Group

 

 

(b)

 

Address of Principal Business Office or, if none, Residence

 

 

 

 

 

 

 

 

 

Discovery Group, Mr. Donoghue, and Mr. Murphy are all located at:

191 North Wacker Drive, Suite 1685, Chicago, Illinois  60606

 

 

(c)

 

Citizenship

 

 

 

 

 

 

 

 

 

Discovery Group is a Delaware limited liability company

Mr. Donoghue and Mr. Murphy are U.S. citizens

 

 

(d)

 

Title of Class of Securities

 

 

 

 

 

 

 

 

 

Common Stock, par value $.01 per share

 

 

(e)

 

CUSIP Number

 

 

 

 

 

 

 

 

 

448451104

 

Item 3.

 

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

 

 

 

 

Not Applicable

 

 

 

 

 

 

 

 

(a)

 

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

 

 

 

 

 

 

 

(b)

 

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

 

 

 

 

 

 

 

(c)

 

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

 

 

 

 

 

 

 

(d)

 

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 

 

 

 

 

 

 

 

(e)

 

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

 

 

 

 

 

 

 

(f)

 

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

 

 

 

 

 

 

 

(g)

 

o

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 

 

 

 

 

 

 

 

(h)

 

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

 

 

 

 

 

 

 

(i)

 

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

 

 

 

 

 

 

 

(j)

 

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

 



Item 4.   Ownership

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned:

 

Discovery Group — 1,053,600
Mr. Donoghue — 1,053,600
Mr. Murphy — 1,053,600

 

(b)

Percent of class:

 

Discovery Group — 5.1 %
Mr. Donoghue — 5.1 %
Mr. Murphy — 5.1 %

 

The foregoing percentages are based on 20,522,641 shares of Common Stock of the Issuer identified in Item 1 outstanding as of September 30, 2006, as reported in the Issuer’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2006.

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote

 

None

 

 

(ii)

Shared power to vote or to direct the vote

 

Discovery Group — 1,053,600
Mr. Donoghue — 1,053,600
Mr. Murphy — 1,053,600

 

 

(iii)

Sole power to dispose or to direct the disposition of

 

None

 

 

(iv)

Shared power to dispose or to direct the disposition of

 

Discovery Group — 1,053,600
Mr. Donoghue — 1,053,600
Mr. Murphy — 1,053,600

 

Item 5.   Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

 

Not Applicable.

 

Item 6.   Ownership of More than Five Percent on Behalf of Another Person

 

The shares reported herein have been acquired on behalf of discretionary clients of Discovery Group.  Such discretionary clients are entitled to receive all dividends from, and proceeds from the sale of, those shares.  None of those discretionary clients, to the knowledge of Discovery Group, Mr. Donoghue or Mr. Murphy, has an economic interest in more than 5% of the class.

 

Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

Not Applicable.

 

Item 8.   Identification and Classification of Members of the Group

 

Not Applicable.



Item 9.   Notice of Dissolution of Group

 

Not Applicable.

 

Item 10.   Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 



 

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.

 

February 6, 2007

 

 

Date

 

 

 

 

 

DISCOVERY GROUP I, LLC

 

 

/s/ Michael R. Murphy

 

 

Signature

 

 

 

Michael R. Murphy, Managing Member

 

 

Name/Title

 

 

 

 

 

/s/ Daniel J. Donoghue

 

 

Signature

 

 

 

Daniel J. Donoghue

 

 

Name/Title

 

 

 

 

 

/s/ Michael R. Murphy

 

 

Signature

 

 

 

Michael R. Murphy

 

 

Name/Title

 



 

Exhibit Index

 

Exhibit 1

 

Joint Filing Agreement dated as of February 6, 2007, by and between Discovery Group I, LLC;

Daniel J. Donoghue; and Michael R. Murphy.