Blackhawk Network Holdings Inc (HAWK): P2 Capital Partners Pushes Activist Stake Over 5%, Will Push for Change

CUSIP No. 09238E104

13D

1

Name of Reporting Person
P2 Capital Partners, LLC

I.R.S. Identification No. of Above Person (Entities Only).
20-2436330

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

 o

(b)

 x

3

SEC Use Only

4

Source of Funds (See Instructions)
WC

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (2e)     o

6

Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

8

Shared Voting Power
3,000,000

9

Sole Dispositive Power
0

10

Shared Dispositive Power
3,000,000

11

Aggregate Amount Beneficially Owned by Each Reporting Person
3,000,000

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

13

Percent of Class Represented by Amount in Row (11)
5.3%

14

Type of Reporting Person (See Instructions)
CO