================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* SYMMETRY MEDICAL INC. (Name of Issuer) COMMON STOCK, PAR VALUE $0.0001 PER SHARE (Title of Class of Securities) 871546206 (CUSIP Number) OCTOBER 11, 2006 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 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 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. 871546206 Page 2 of 11 Schedule 13G -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSON S.S or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS HWP Capital Partners II, L.P. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 2,068,300 ------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- ------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 2,068,300 ------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,068,300 -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.9% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN -------------------------------------------------------------------------------- CUSIP No. 871546206 Page 3 of 11 Schedule 13G -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSON S.S or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS HWP II, L.P. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 2,068,300 ------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- ------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 2,068,300 ------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,068,300 -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.9% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN -------------------------------------------------------------------------------- CUSIP No. 871546206 Page 4 of 11 Schedule 13G -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSON S.S or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS HWP II, LLC -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 2,068,300 ------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- ------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 2,068,300 ------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,068,300 -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.9% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO -------------------------------------------------------------------------------- CUSIP No. 871546206 Page 5 of 11 Schedule 13G -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSON S.S or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (in the capacity described herein) Robert B. Haas -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 2,068,300 ------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- ------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 2,068,300 ------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,068,300 -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.9% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN -------------------------------------------------------------------------------- CUSIP No. 871546206 Page 6 of 11 Schedule 13G Item 1. (a) NAME OF ISSUER Symmetry Medical Inc. (the "COMPANY"). (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 220 W. Market Street Warsaw, Indiana, 46580 Item 2. (a) NAMES OF PERSONS FILING (i) HWP Capital Partners II, L.P., a Delaware limited partnership ("HWPCP"); (ii) HWP II, L.P., a Delaware limited partnership ("HWP II" and the sole general partner of HWPCP); (iii) HWP II, LLC, a Delaware limited liability company ("HWP II LLC" and the sole general partner of HWP II); and (iv) Robert B. Haas ("MR. HAAS" and the managing member of HWP II LLC) ((i) through (iv) collectively, the "REPORTING PERSONS"). (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE The address of the principal business offices of each of the Reporting Persons is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201. (c) CITIZENSHIP The place of organization of each of the Reporting Persons (other than Mr. Haas) is Delaware. Mr. Haas is a citizen of the United States. (d) TITLE OF CLASS OF SECURITIES Common Stock, par value $0.0001 per share (the "COMMON STOCK") (e) CUSIP NUMBER 871546206 Item 3. If this statement is filed pursuant to either Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: Not applicable. CUSIP No. 871546206 Page 7 of 11 Schedule 13G Item 4. OWNERSHIP. (a) AMOUNT BENEFICIALLY OWNED: HWPCP may be deemed to beneficially own 2,068,300 shares of Common Stock and each of HWP II and HWP II LLC in their capacities as general partners of HWPCP and HWP II, respectively, may be deemed to beneficially own 2,068,300 shares of Common Stock as a result of their voting and dispositive power over the 2,068,300 shares of Common Stock held by HWPCP. Mr. Haas may be deemed to beneficially own 2,068,300 shares of Common Stock as a result of his voting and dispositive power over 2,068,300 shares of Common Stock held by HWPCP. (b) PERCENTAGE OWNED: Based on calculations made in accordance with Rule 13d-3, and there being approximately 34,894,106 shares of Common Stock outstanding (as reported by the Company in its Quarterly Report on Form 10-Q for the period ended July 1, 2006 (filed on August 9, 2006)), (i) HWPCP and each of HWP II and HWP II LLC (in their capacities as general partners of HWPCP and HWP II, respectively) may be deemed to beneficially own approximately 5.9% of the outstanding Common Stock and (ii) Mr. Haas may be deemed to beneficially own approximately 5.9% of the outstanding Common Stock. (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS POWER TO DIRECT THE DISPOSITION: (i) HWPCP and each of HWP II and HWP II LLC (in their capacities as general partners of HWPCP and HWP II, respectively) may be deemed to have sole power to direct the voting and disposition of the 2,068,300 shares of Common Stock held by HWPCP and (ii) Mr. Haas may be deemed to have sole power to direct the voting and disposition of the 2,068,300 shares of Common Stock held by HWPCP. Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON The general partners and limited partners, as applicable, of HWPCP, HWP II and HWP II LLC have the right to participate in the receipt of dividends from, or proceeds from the sale of, the securities held for the account of such Reporting Persons in accordance with their ownership interests in such entities. CUSIP No. 871546206 Page 8 of 11 Schedule 13G Item 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP See Item 2. Item 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. Item 10. CERTIFICATION (b) The following certification shall be included if the statement is filed pursuant to ss.240.13d-1(c): By signing below we certify that, to the best of our 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. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] CUSIP No. 871546206 Page 9 of 11 Schedule 13G SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated as of October 20, 2006 HWP CAPITAL PARTNERS II, L.P. By: HWP II, L.P., its general partner By: HWP II, LLC, its general partner By: /s/ Robert B. Haas -------------------------------- Name: Robert B. Haas Title: Managing Member HWP II, L.P. By: HWP II, LLC, its general partner By: /s/ Robert B. Haas -------------------------------- Name: Robert B. Haas Title: Managing Member HWP II, LLC By: /s/ Robert B. Haas -------------------------------- Name: Robert B. Haas Title: Managing Member ROBERT B. HAAS /s/ Robert B. Haas ---------------------------------- CUSIP No. 871546206 Page 10 of 11 Schedule 13G EXHIBIT INDEX ------------- Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (incorporated by references to Exhibit 1 to the statement on Schedule 13G, dated as of February 12, 2002, filed by the Reporting Persons). Exhibit 2. Identity of members of group filing this schedule. CUSIP No. 871546206 Page 11 of 11 Schedule 13G EXHIBIT 2 --------- IDENTITY OF MEMBERS OF THE GROUP FILING THIS SCHEDULE HWP Capital Partners II, L.P. HWP II, L.P. HWP II, LLC Robert B. Haas