UNIVERSAL TECHNICAL INSTITUTE INC — Major Shareholding Notification 2021

Feb 16, 2021

SC 13G/A 1 uti_13gam2dec312020.htm SC 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

UNIVERSAL TECHNICAL INSTITUTE, INC.
(Name
of Issuer)
Common
Stock, PAR VALUE $0.0001 Per share
(Title
of Class of Securities)
913915104
(CUSIP
Number)
December 31, 2020
(Date
of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:

[ ] Rule 13d-1(b)

[X] Rule 13d-1(c)

[ ] 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).

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CUSIP No. 913915104
(1) Names of Reporting Persons
Park West Asset Management LLC
(2) Check the Appropriate Box if a Member of a Group	(a) [ ]
	(b) [ ]
(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:	0
(6) Shared Voting Power:	3,059,694*
(7) Sole Dispositive Power:	0
(8) Shared Dispositive Power:	3,059,694*
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,059,694*
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):
[ ]
(11) Percent of Class Represented by Amount in Row (9)
9.4%*
(12) Type of Reporting Person
IA

• See Item 4 for additional information.

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CUSIP No. 913915104
(1) Names of Reporting Persons
Park West Investors Master Fund, Limited
(2) Check the Appropriate Box if a Member of a Group	(a) [ ]
	(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
Cayman
Islands
Number of Shares Beneficially Owned By Each Reporting Person With
(5) Sole Voting Power:	0
(6) Shared Voting Power:	2,781,846*
(7) Sole Dispositive Power:	0
(8) Shared Dispositive Power:	2,781,846*
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,781,846*
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):
[ ]
(11) Percent of Class Represented by Amount in Row (9)
8.5%*
(12) Type of Reporting Person
CO

• See Item 4 for additional information.

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CUSIP No. 913915104
(1) Names of Reporting Persons
Peter S. Park
(2) Check the Appropriate Box if a Member of a Group	(a) [ ]
	(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
United States of America
Number of Shares Beneficially Owned By Each Reporting Person With
(5) Sole Voting Power:	0
(6) Shared Voting Power:	3,059,694*
(7) Sole Dispositive Power:	0
(8) Shared Dispositive Power:	3,059,694*
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,059,694*
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):
[ ]
(11) Percent of Class Represented by Amount in Row (9)
9.4%*
(12) Type of Reporting Person
IN

• See Item 4 for additional information.

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| Item 1(a). Name Of

Issuer: Universal Technical Institute, Inc., a Delaware corporation (the “Company”)
Item 1(b). Address of Issuer’s Principal Executive Offices:
4225 East Windrose Drive Suite 200 Phoenix, AZ 85032
Item 2(a). Name of Person Filing:
This
report on Schedule 13G (this “Schedule 13G”) is being jointly filed by (i) Park West Asset Management LLC, a Delaware
limited liability company (“PWAM”), (ii) Park West Investors Master Fund, Limited, a Cayman Islands exempted company
(“PWIMF”) and (iii) Peter S. Park (“Mr. Park” and, collectively with PWAM and PWIMF, the “Reporting
Persons”).
Item 2(b). Address of Principal Business Office or, if None, Residence:
The
address for the Reporting Persons is: 900 Larkspur Landing Circle, Suite 165, Larkspur, California 94939.
Item 2(c). Citizenship:
PWAM
is organized under the laws of the State of Delaware. PWIMF is a Cayman Islands exempted company. Mr. Park is a citizen of the
United States.
Item 2(d). Title of Class of Securities:
Common
Stock, par value $0.0001 per share (“Common Stock”).
Item 2(e). CUSIP
No.:
913915104
Item 3. If This Statement Is Filed Pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:
Not Applicable.

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Item 4. Ownership:
As reported in the cover pages to this report, the ownership information with respect to each of PWAM and Mr. Park is as follows:
(a) Amount Beneficially Owned:	3,059,694*
(b) Percent of Class:	9.4%*
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:	0
(ii) Shared power to vote or to direct the vote:	3,059,694*
(iii) Sole power to dispose or to direct the disposition of:	0
(iv) Shared power to dispose or to direct the disposition of:	3,059,694*

As reported in the cover pages to this report, the ownership information with respect to PWIMF is as follows:
(a) Amount Beneficially Owned:	2,781,846*
(b) Percent of Class:	8.5%*
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:	0
(ii) Shared power to vote or to direct the vote:	2,781,846*
(iii) Sole power to dispose or to direct the disposition of:	0
(iv) Shared power to dispose or to direct the disposition of:	2,781,846*

• PWAM is the investment manager to PWIMF and Park West Partners International, Limited, a Cayman Islands exempted company (collectively with PWIMF, the “PW Funds”). Mr. Park, through one or more affiliated entities, is the controlling manager of PWAM. As of December 31, 2020, PWAM and Mr. Park may be deemed to beneficially own the 3,059,694 shares of Common Stock held in the aggregate by the PW Funds.

The The reported beneficial ownership percentage is based upon approximately 32,647,362 shares of Common Stock, issued and outstanding as of November 30, 2020, based on information reported by the Company in its Annual Report on Form 10-K, filed with the Securities and Exchange Commission on December 3, 2020.

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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: [ ]
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
Not Applicable.
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.

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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 16, 2021
PARK WEST ASSET MANAGEMENT LLC
By:	/s/ Grace Jimenez
	Name: Grace Jimenez
	Title: Chief Financial Officer

PARK WEST INVESTORS MASTER FUND, LIMITED
By: Park West Asset Management LLC, its Investment Manager
By:	/s/ Grace Jimenez
	Name: Grace Jimenez
	Title: Chief Financial Officer

/s/ Peter S. Park
Peter S. Park

Attention: Intentional misstatements or omissions of fact constitute

Federal criminal violations (See 18 U.S.C. 1001)

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Exhibit Index

Exhibit
1. Joint Filing Agreement,
dated as of September 9, 2019, by and among Park West Asset Management LLC, Park West Investors Master Fund, Limited and Peter
S. Park (incorporated by reference to Exhibit 1 to the Schedule 13G filed with the Securities and Exchange Commission on September
9, 2019).