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UNITED STATES |
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SECURITIES
AND EXCHANGE |
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Washington, D.C. 20549 |
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SCHEDULE 13D |
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WENDYS INTERNATIONAL, INC.
(Name of Issuer)
Common Shares, $0.10 stated value
(Title of Class of Securities)
950590109
(CUSIP Number)
William A. Ackman
Pershing Square Capital Management, L.P.
110 East 42nd Street, 18th Floor
New York, NY 10017
(212) 813-3700
(Name,
Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
COPY TO:
Stephen Fraidin
Kirkland & Ellis LLP
153 East 53rd Street
New York, New York 10022
(212) 446-4800
April 18, 2005
(Date
of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons 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. 950590109 |
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1. |
Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
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(b) |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type of Reporting Person
(See Instructions) |
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1. |
Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
ý |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type of Reporting Person
(See Instructions) |
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3
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1. |
Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
ý |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ý |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type of Reporting Person
(See Instructions) |
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4
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1. |
Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
ý |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type of Reporting Person
(See Instructions) |
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5
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1. |
Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
ý |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type of Reporting Person
(See Instructions) |
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6
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1. |
Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
ý |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type of Reporting Person
(See Instructions) |
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7
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1. |
Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
ý |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type of Reporting Person
(See Instructions) |
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8
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1. |
Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
ý |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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|
11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type of Reporting Person
(See Instructions) |
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9
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1. |
Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
ý |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source
of Funds (See Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization |
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Number of |
7. |
Sole
Voting Power |
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8. |
Shared
Voting Power |
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9. |
Sole
Dispositive Power |
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10. |
Shared Dispositive Power |
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|
11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent
of Class Represented by Amount in Row (11) |
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14. |
Type of Reporting Person
(See Instructions) |
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10
Item 1. |
Security and Issuer |
The class of equity security to which this statement relates is the Common Shares, $0.10 stated value per share (the Common Stock), of Wendys International, Inc. , an Ohio corporation (referred to herein as the Issuer). The name and address of the principal executive offices of the Issuer are P.O. Box 256, 4288 West Dublin-Granville Road, Dublin, Ohio. |
Item 2. |
Identity and Background |
This report on Schedule 13D (this Report) is being filed jointly by each of the following persons pursuant to Rule 13d-1(k) promulgated by the Securities and Exchange Commission (the Commission) pursuant to Section 13 of the Securities Exchange Act of 1934 as amended (the Exchange Act) (collectively, the Reporting Persons): (1) Pershing Square GP, LLC, a Delaware limited liability company (Pershing GP), (2) Pershing Square, L.P., a Delaware limited partnership (Pershing I), (3) Pershing Square II, L.P., a Delaware limited partnership (Pershing II), (4) Pershing Square Investment II, L.P., a Delaware limited partnership (Investment Fund) (3) Pershing Square Investment II GP, LLC, a Delaware limited liability company (Investment Fund GP), (4) Pershing Square Capital Management, L.P., a Delaware limited partnership (International Manager), (5) PS Management GP, LLC, a Delaware limited liability company (International GP), (6) Pershing Square International, Ltd., a limited partnership organized under the laws of the Cayman Islands (International), and (7) William A. Ackman, an individual. The address of each of the Reporting Persons is: c/o Pershing Square Capital Management, L.P., 110 East 42nd Street, 18th Floor, New York, NY 10017. |
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Pershing I, Pershing II, Investment Fund and International are principally engaged in making investments in publicly held companies. |
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Pershing GP is principally engaged in the business of serving as the general partner of Pershing I and Pershing II. Investment Fund GP is principally engaged in the business of serving as the general partner of the Investment Fund. International GP is principally engaged in the business of serving as the general partner of International Manager. International Manager is principally engaged in the business of acting as the investment manager of International. |
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William A. Ackman is the managing member of Pershing GP, Investment Fund GP, and International GP. |
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None of the Reporting Persons, nor any of their officers or managing directors, have been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) during the past five years. |
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None of the Reporting Persons, nor any of their officers or managing directors, have been party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the past five years which has resulted in subjection to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
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Item 3. |
Source and Amount of Funds or Other Consideration |
Pershing I, Pershing II, International and Investment Fund (referred to herein collectively as Pershing) obtained funds to make the purchases described below from capital contributions from |
11
their partners and working capital in the ordinary course of business. No funds were borrowed by Pershing in order to complete the transactions described herein. |
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The information set forth in Item 4 of this Schedule 13D is hereby incorporated herein by reference. |
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Item 4. |
Purpose of Transaction |
The Reporting Persons acquired the Common Stock and options for the purposes described in this Item 4. The Reporting Persons may cause the Pershing funds to make further acquisitions or dispositions of securities of the Issuer including Common Stock or derivative securities at any time. The Reporting Persons acquired a 9.3% stake in the Issuer because of their belief that the market price of the Common Stock is substantially less than the intrinsic value of the Issuer on a per share basis. Representatives of the Reporting Persons intend to meet with management and other representatives of the Issuer and may make one or more proposals with respect to potential changes in the operations, capital structure, or business strategy of the Issuer in an effort to enhance shareholder value. These proposals may include, but would not be limited to, a proposal that the Issuer spin off one or more divisions of the Issuer, commence certain asset sales and refranchisings, initiate a restructuring which may include a conversion to a real estate investment trust, and/or a recapitalization of the Issuer. The Reporting Persons may engage investment bankers, consultants, accountants, attorneys, or other advisors to assist it, and may contact other shareholders of the Issuer to discuss any and all of the above. The Reporting Persons have no current intention of acquiring control of the Issuer. |
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The information set forth in Item 3 of this Schedule 13D is hereby incorporated herein by reference. |
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Item 5. |
Interest in Securities of the Issuer |
Percentages in section (a) below calculate, as of the date of this Report, the direct beneficial ownership for the Pershing I and Pershing II, Investment Fund, and International based on the holdings of each entity separately. Aggregated information for direct and indirect beneficial ownership for Pershing I, Pershing II, Investment Fund and International is provided in paragraph (a)(ix) below.
(a) (i) Pershing I directly beneficially owns (a) 3,848,791 American-style call options to purchase Common Stock, all of which are immediately exercisable and (b) 181,007 shares of Common Stock, collectively representing 3.6% of the outstanding Common Stock of the Issuer.
(ii)Pershing II directly beneficially owns (a) 135,736 American-style call options to purchase Common Stock, all of which are immediately exercisable and (a) 2,270 shares of Common Stock, collectively representing 0.1% of the outstanding Common Stock of the Issuer.
(iii) International directly beneficially owns (a) 2,396,158 American-style call options to purchase Common Stock, all of which are immediately exercisable and (b) 137,223 shares of Common Stock, collectively representing 2.2% of the outstanding Common Stock of the Issuer.
(iv) Investment Fund directly beneficially owns (a) 3,862,315 American-style call options to purchase Common Stock, all of which are immediately exercisable and (b) no shares of Common Stock, collectively representing 3.4% of the outstanding Common Stock of the Issuer.
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(v) Pershing GP is the general partner of Pershing I and Pershing II, and accordingly may be deemed to indirectly beneficially all of the shares set forth in paragraphs (a)(i) and (ii) above owned by Pershing I and Pershing II.
(vi) International Manager is the investment manager of International, and International GP is the general partner of International Manager, and accordingly International Manager and International GP may be deemed to indirectly beneficially own all of the shares set forth in paragraph (a)(iii) above.
(vii) Investment Fund GP is the general partner of Investment Fund, and accordingly may be deemed to indirectly beneficially all of the shares set forth in paragraphs (a)(iv) above owned by Investment Fund.
(viii) William A. Ackman is the managing member of Pershing GP, Investment Fund GP, and International GP, and accordingly, may be deemed to indirectly beneficially own all of the shares set forth in paragraphs (a)(i), (ii), (iii) and (iv) above.
(ix) Collectively, each of the Reporting Persons may be deemed to (a) directly or indirectly beneficially own 10,243,000 American-style call options to purchase Common Stock, all of which are immediately exercisable and (b) 320,500 shares of Common Stock, collectively representing 9.3% of the outstanding Common Stock of the Issuer.
(b) Each of the Reporting Persons may be deemed to be a member of a group for purposes of Rule 13d-5, and as a result each of the Reporting Persons may be deemed to have shared voting and dispositive power over the shares owned by Pershing.
(c) The following transactions in the Issuers Common Stock were executed by each of the respective Reporting Persons identified in the tables below, in the 60 days prior to the date of this Report, as of the date and at the prices set forth below. Each of the purchases of Common Stock set forth in the tables below were made in the open market. Each of the sales of Common Stock set forth below were made to broker-dealers solely for the purpose of effectuating purchases by the Reporting Persons of over-the-counter American-style call options from these broker-dealers. Strike prices and expiration dates are not applicable with respect to purchases and sales of Common Stock.
13
Pershing Square, L.P. (Pershing I)
From 02-18-05 To 04-18-05
Trade |
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Security |
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Quantity |
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Strike |
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Expiration |
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Unit |
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Amount |
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Transaction |
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2/18/2005 |
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Common Stock |
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1,247 |
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|
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37.89 |
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$ |
47,250 |
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Purchase |
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2/18/2005 |
|
Common Stock |
|
62,350 |
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|
|
|
|
38.15 |
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$ |
2,378,441 |
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Purchase |
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2/18/2005 |
|
Common Stock |
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62,350 |
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|
|
|
|
38.03 |
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$ |
2,371,152 |
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Purchase |
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2/22/2005 |
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American-style Call Option to Purchase Common Stock |
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312,162 |
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$ |
30.19 |
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2/22/07 |
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10.67 |
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$ |
3,329,894 |
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Purchase |
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2/22/2005 |
|
Common Stock |
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187,049 |
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|
|
|
|
37.92 |
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$ |
7,092,935 |
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Purchase |
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2/22/2005 |
|
Common Stock |
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(113,552 |
) |
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|
|
|
37.74 |
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$ |
4,285,311 |
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Sale |
|
|
2/22/2005 |
|
Common Stock |
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(62,350 |
) |
|
|
|
|
37.74 |
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$ |
2,353,012 |
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Sale |
|
|
2/22/2005 |
|
Common Stock |
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(14,671 |
) |
|
|
|
|
37.74 |
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$ |
553,665 |
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Sale |
|
|
2/22/2005 |
|
Common Stock |
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(56,035 |
) |
|
|
|
|
37.74 |
|
$ |
2,114,691 |
|
Sale |
|
|
2/23/2005 |
|
Common Stock |
|
62,350 |
|
|
|
|
|
37.43 |
|
$ |
2,333,754 |
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Purchase |
|
|
2/24/2005 |
|
Common Stock |
|
18,705 |
|
|
|
|
|
36.96 |
|
$ |
691,369 |
|
Purchase |
|
|
3/1/2005 |
|
Common Stock |
|
29,454 |
|
|
|
|
|
38.26 |
|
$ |
1,126,913 |
|
Purchase |
|
|
3/2/2005 |
|
American-style Call Option to Purchase Common Stock |
|
150,972 |
|
$ |
31.00 |
|
2/20/07 |
|
10.29 |
|
$ |
1,554,015 |
|
Purchase |
|
3/2/2005 |
|
Common Stock |
|
96,622 |
|
|
|
|
|
38.13 |
|
$ |
3,684,593 |
|
Purchase |
|
|
3/2/2005 |
|
Common Stock |
|
(29,454 |
) |
|
|
|
|
38.18 |
|
$ |
1,124,517 |
|
Sale |
|
|
3/2/2005 |
|
Common Stock |
|
(94,343 |
) |
|
|
|
|
38.18 |
|
$ |
3,601,897 |
|
Sale |
|
|
3/3/2005 |
|
American-style Call Option to Purchase Common Stock |
|
301,943 |
|
$ |
30.45 |
|
3/02/07 |
|
10.77 |
|
$ |
3,251,232 |
|
Purchase |
|
3/3/2005 |
|
Common Stock |
|
(2,279 |
) |
|
|
|
|
38.07 |
|
$ |
86,759 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(6,315 |
) |
|
|
|
|
38.07 |
|
$ |
240,404 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(31,175 |
) |
|
|
|
|
38.07 |
|
$ |
1,186,793 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(169,147 |
) |
|
|
|
|
38.07 |
|
$ |
6,439,214 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(21,736 |
) |
|
|
|
|
38.07 |
|
$ |
827,462 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(13,922 |
) |
|
|
|
|
38.07 |
|
$ |
529,993 |
|
Sale |
|
|
3/11/2005 |
|
American-style Call Option to Purchase Common Stock |
|
284,606 |
|
$ |
30.944 |
|
3/12/07 |
|
11.06 |
|
$ |
3,148,454 |
|
Purchase |
|
3/11/2005 |
|
American-style Call Option to Purchase Common Stock |
|
142,303 |
|
$ |
30.976 |
|
3/12/07 |
|
11.05 |
|
$ |
1,573,103 |
|
Purchase |
|
3/11/2005 |
|
Common Stock |
|
(173,127 |
) |
|
|
|
|
38.68 |
|
$ |
6,696,332 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(46,100 |
) |
|
|
|
|
38.68 |
|
$ |
1,783,089 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(1,247 |
) |
|
|
|
|
38.68 |
|
$ |
48,232 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(10,057 |
) |
|
|
|
|
38.68 |
|
$ |
388,992 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(5,592 |
) |
|
|
|
|
38.72 |
|
$ |
216,515 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(8,803 |
) |
|
|
|
|
38.72 |
|
$ |
340,841 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(62,350 |
) |
|
|
|
|
38.72 |
|
$ |
2,414,113 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(30,565 |
) |
|
|
|
|
38.72 |
|
$ |
1,183,438 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(7,955 |
) |
|
|
|
|
38.72 |
|
$ |
308,007 |
|
Sale |
|
|
3/14/2005 |
|
Common Stock |
|
30,194 |
|
|
|
|
|
39.24 |
|
$ |
1,184,707 |
|
Purchase |
|
|
3/15/2005 |
|
Common Stock |
|
36,233 |
|
|
|
|
|
39.37 |
|
$ |
1,426,540 |
|
Purchase |
|
|
3/15/2005 |
|
Common Stock |
|
23,914 |
|
|
|
|
|
39.33 |
|
$ |
940,626 |
|
Purchase |
|
|
3/16/2005 |
|
Common Stock |
|
40,279 |
|
|
|
|
|
39.08 |
|
$ |
1,574,115 |
|
Purchase |
|
14
3/17/2005 |
|
Common Stock |
|
12,078 |
|
|
|
|
|
38.86 |
|
$ |
469,347 |
|
Purchase |
|
|
3/18/2005 |
|
Common Stock |
|
48,311 |
|
|
|
|
|
38.99 |
|
$ |
1,883,578 |
|
Purchase |
|
|
3/21/2005 |
|
Common Stock |
|
3,804 |
|
|
|
|
|
39.38 |
|
$ |
149,787 |
|
Purchase |
|
|
3/21/2005 |
|
Common Stock |
|
198,377 |
|
|
|
|
|
39.40 |
|
$ |
7,816,014 |
|
Purchase |
|
|
3/22/2005 |
|
American-style Call Option to Purchase Common Stock |
|
904,362 |
|
$ |
45.00 |
|
3/23/06 |
|
2.40 |
|
$ |
2,174,991 |
|
Purchase |
|
3/22/2005 |
|
Common Stock |
|
332,729 |
|
|
|
|
|
39.99 |
|
$ |
13,304,169 |
|
Purchase |
|
|
3/22/2005 |
|
Common Stock |
|
(332,729 |
) |
|
|
|
|
39.90 |
|
$ |
13,275,450 |
|
Sale |
|
|
3/22/2005 |
|
Common Stock |
|
(29,016 |
) |
|
|
|
|
39.90 |
|
$ |
1,157,700 |
|
Sale |
|
|
3/28/2005 |
|
American-style Call Option to Purchase Common Stock |
|
449,314 |
|
$ |
31.20 |
|
9/27/06 |
|
10.60 |
|
$ |
4,761,066 |
|
Purchase |
|
3/28/2005 |
|
Common Stock |
|
(169,361 |
) |
|
|
|
|
39.00 |
|
$ |
6,604,862 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(3,804 |
) |
|
|
|
|
39.00 |
|
$ |
148,351 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(36,233 |
) |
|
|
|
|
39.00 |
|
$ |
1,413,041 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(23,914 |
) |
|
|
|
|
39.00 |
|
$ |
932,615 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(30,194 |
) |
|
|
|
|
39.00 |
|
$ |
1,177,527 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(40,279 |
) |
|
|
|
|
39.00 |
|
$ |
1,570,829 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(48,311 |
) |
|
|
|
|
39.00 |
|
$ |
1,884,067 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(12,078 |
) |
|
|
|
|
39.00 |
|
$ |
471,026 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(10,750 |
) |
|
|
|
|
39.00 |
|
$ |
419,236 |
|
Sale |
|
|
4/6/2005 |
|
Common Stock |
|
36,264 |
|
|
|
|
|
39.24 |
|
$ |
1,422,822 |
|
Purchase |
|
|
4/7/2005 |
|
Common Stock |
|
4,911 |
|
|
|
|
|
39.11 |
|
$ |
192,064 |
|
Purchase |
|
|
4/14/2005 |
|
Common Stock |
|
139,832 |
|
|
|
|
|
39.01 |
|
$ |
5,454,734 |
|
Purchase |
|
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
135,761 |
|
$ |
27.37 |
|
1/19/07 |
|
14.31 |
|
$ |
1,942,360 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
135,761 |
|
$ |
33.23 |
|
11/17/06 |
|
10.06 |
|
$ |
1,365,335 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
135,761 |
|
$ |
29.32 |
|
3/16/07 |
|
13.19 |
|
$ |
1,790,009 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
135,761 |
|
$ |
29.32 |
|
7/21/06 |
|
12.10 |
|
$ |
1,642,966 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
135,761 |
|
$ |
31.28 |
|
9/15/06 |
|
11.00 |
|
$ |
1,493,262 |
|
Purchase |
|
* Each of the sales of Common Stock set forth above were made solely for the purpose of effectuating purchases by the Reporting Persons of over-the-counter American-style call options.
Pershing Square International, Ltd. (International)
From 02-18-05 To 04-18-05
Trade |
|
Security |
|
Quantity |
|
Strike |
|
Expiration |
|
Unit |
|
Amount |
|
Transaction |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
2/18/2005 |
|
Common Stock |
|
709 |
|
|
|
|
|
37.89 |
|
$ |
26,865 |
|
Purchase |
|
|
2/18/2005 |
|
Common Stock |
|
35,451 |
|
|
|
|
|
38.15 |
|
$ |
1,352,335 |
|
Purchase |
|
|
2/18/2005 |
|
Common Stock |
|
35,451 |
|
|
|
|
|
38.03 |
|
$ |
1,348,191 |
|
Purchase |
|
|
2/22/2005 |
|
Common Stock |
|
(11,126 |
) |
|
|
|
|
37.74 |
|
$ |
419,881 |
|
Sale |
|
|
2/22/2005 |
|
Common Stock |
|
(69,107 |
) |
|
|
|
|
37.74 |
|
$ |
2,608,012 |
|
Sale |
|
|
2/22/2005 |
|
Common Stock |
|
(35,451 |
) |
|
|
|
|
37.74 |
|
$ |
1,337,877 |
|
Sale |
|
|
2/22/2005 |
|
Common Stock |
|
(8,880 |
) |
|
|
|
|
37.74 |
|
$ |
335,120 |
|
Sale |
|
|
2/22/2005 |
|
Common Stock |
|
(15,082 |
) |
|
|
|
|
37.74 |
|
$ |
569,176 |
|
Sale |
|
|
2/22/2005 |
|
American-style Call Option to Purchase Common Stock |
|
176,766 |
|
$ |
30.19 |
|
2/22/07 |
|
10.67 |
|
$ |
1,885,598 |
|
Purchase |
|
2/22/2005 |
|
Common Stock |
|
106,354 |
|
|
|
|
|
37.92 |
|
$ |
4,032,965 |
|
Purchase |
|
|
15
2/23/2005 |
|
Common Stock |
|
35,451 |
|
|
|
|
|
37.43 |
|
$ |
1,326,927 |
|
Purchase |
|
|
2/24/2005 |
|
Common Stock |
|
10,635 |
|
|
|
|
|
36.96 |
|
$ |
393,088 |
|
Purchase |
|
|
3/1/2005 |
|
Common Stock |
|
85,791 |
|
|
|
|
|
38.26 |
|
$ |
3,282,372 |
|
Purchase |
|
|
3/2/2005 |
|
Common Stock |
|
(76,762 |
) |
|
|
|
|
38.18 |
|
$ |
2,930,677 |
|
Sale |
|
|
3/2/2005 |
|
American-style Call Option to Purchase Common Stock |
|
93,612 |
|
$ |
31.00 |
|
2/20/07 |
|
10.29 |
|
$ |
963,586 |
|
Purchase |
|
3/2/2005 |
|
Common Stock |
|
59,912 |
|
|
|
|
|
38.13 |
|
$ |
2,284,690 |
|
Purchase |
|
|
3/3/2005 |
|
Common Stock |
|
(9,029 |
) |
|
|
|
|
38.07 |
|
$ |
343,723 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(59,912 |
) |
|
|
|
|
38.07 |
|
$ |
2,280,775 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(20,369 |
) |
|
|
|
|
38.07 |
|
$ |
775,422 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(17,726 |
) |
|
|
|
|
38.07 |
|
$ |
674,807 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(44,616 |
) |
|
|
|
|
38.07 |
|
$ |
1,698,475 |
|
Sale |
|
|
3/3/2005 |
|
American-style Call Option to Purchase Common Stock |
|
187,225 |
|
$ |
30.45 |
|
3/02/07 |
|
10.77 |
|
$ |
2,015,983 |
|
Purchase |
|
3/11/2005 |
|
Common Stock |
|
(57,768 |
) |
|
|
|
|
38.68 |
|
$ |
2,234,393 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(13,160 |
) |
|
|
|
|
38.68 |
|
$ |
509,012 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(95,484 |
) |
|
|
|
|
38.68 |
|
$ |
3,693,200 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(10,870 |
) |
|
|
|
|
38.72 |
|
$ |
420,873 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(709 |
) |
|
|
|
|
38.72 |
|
$ |
27,452 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(9,472 |
) |
|
|
|
|
38.72 |
|
$ |
366,744 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(5,328 |
) |
|
|
|
|
38.72 |
|
$ |
206,293 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(35,451 |
) |
|
|
|
|
38.72 |
|
$ |
1,372,618 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(18,501 |
) |
|
|
|
|
38.72 |
|
$ |
716,335 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(2,875 |
) |
|
|
|
|
38.72 |
|
$ |
111,316 |
|
Sale |
|
|
3/11/2005 |
|
American-style Call Option to Purchase Common Stock |
|
205,447 |
|
$ |
30.944 |
|
3/12/07 |
|
11.06 |
|
$ |
2,272,757 |
|
Purchase |
|
3/11/2005 |
|
American-style Call Option to Purchase Common Stock |
|
102,723 |
|
$ |
30.976 |
|
3/12/07 |
|
11.05 |
|
$ |
1,135,562 |
|
Purchase |
|
3/14/2005 |
|
Common Stock |
|
18,722 |
|
|
|
|
|
39.24 |
|
$ |
734,586 |
|
Purchase |
|
|
3/15/2005 |
|
Common Stock |
|
22,467 |
|
|
|
|
|
39.37 |
|
$ |
884,555 |
|
Purchase |
|
|
3/15/2005 |
|
Common Stock |
|
14,828 |
|
|
|
|
|
39.33 |
|
$ |
583,240 |
|
Purchase |
|
|
3/16/2005 |
|
Common Stock |
|
24,976 |
|
|
|
|
|
39.08 |
|
$ |
976,070 |
|
Purchase |
|
|
3/17/2005 |
|
Common Stock |
|
7,489 |
|
|
|
|
|
38.86 |
|
$ |
291,020 |
|
Purchase |
|
|
3/18/2005 |
|
Common Stock |
|
29,956 |
|
|
|
|
|
38.99 |
|
$ |
1,167,942 |
|
Purchase |
|
|
3/21/2005 |
|
Common Stock |
|
2,359 |
|
|
|
|
|
39.38 |
|
$ |
92,889 |
|
Purchase |
|
|
3/21/2005 |
|
Common Stock |
|
123,007 |
|
|
|
|
|
39.40 |
|
$ |
4,846,451 |
|
Purchase |
|
|
3/22/2005 |
|
Common Stock |
|
(205,180 |
) |
|
|
|
|
39.90 |
|
$ |
8,186,413 |
|
Sale |
|
|
3/22/2005 |
|
Common Stock |
|
(20,106 |
) |
|
|
|
|
39.90 |
|
$ |
802,203 |
|
Sale |
|
|
3/22/2005 |
|
American-style Call Option to Purchase Common Stock |
|
563,215 |
|
$ |
45.00 |
|
3/23/06 |
|
2.40 |
|
$ |
1,354,532 |
|
Purchase |
|
3/22/2005 |
|
Common Stock |
|
205,180 |
|
|
|
|
|
39.98 |
|
$ |
8,204,122 |
|
Purchase |
|
|
3/28/2005 |
|
Common Stock |
|
(102,901 |
) |
|
|
|
|
39.00 |
|
$ |
4,013,007 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(2,359 |
) |
|
|
|
|
39.00 |
|
$ |
91,998 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(22,467 |
) |
|
|
|
|
39.00 |
|
$ |
876,184 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(14,828 |
) |
|
|
|
|
39.00 |
|
$ |
578,273 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(18,722 |
) |
|
|
|
|
39.00 |
|
$ |
730,134 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(24,976 |
) |
|
|
|
|
39.00 |
|
$ |
974,032 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(29,956 |
) |
|
|
|
|
39.00 |
|
$ |
1,168,246 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(7,489 |
) |
|
|
|
|
39.00 |
|
$ |
292,061 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(7,760 |
) |
|
|
|
|
39.00 |
|
$ |
302,630 |
|
Sale |
|
16
3/28/2005 |
|
American-style Call Option to Purchase Common Stock |
|
277,383 |
|
$ |
31.20 |
|
9/27/06 |
|
10.60 |
|
$ |
2,939,233 |
|
Purchase |
|
4/6/2005 |
|
Common Stock |
|
46,236 |
|
|
|
|
|
39.24 |
|
$ |
1,814,074 |
|
Purchase |
|
|
4/7/2005 |
|
Common Stock |
|
3,089 |
|
|
|
|
|
39.11 |
|
$ |
120,808 |
|
Purchase |
|
|
4/14/2005 |
|
Common Stock |
|
87,898 |
|
|
|
|
|
39.01 |
|
$ |
3,428,831 |
|
Purchase |
|
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
87,251 |
|
$ |
27.37 |
|
1/19/07 |
|
14.31 |
|
$ |
1,248,318 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
87,251 |
|
$ |
33.23 |
|
11/17/06 |
|
10.06 |
|
$ |
877,475 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
87,251 |
|
$ |
29.32 |
|
3/16/07 |
|
13.19 |
|
$ |
1,150,404 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
87,251 |
|
$ |
29.32 |
|
7/21/06 |
|
12.10 |
|
$ |
1,055,903 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
87,251 |
|
$ |
31.28 |
|
9/15/06 |
|
11.00 |
|
$ |
959,691 |
|
Purchase |
|
* Each of the sales of Common Stock set forth above were made solely for the purpose of effectuating purchases by the Reporting Persons of over-the-counter American-style call options.
Pershing Square II, L.P. (Pershing II)
From 02-18-05 To 04-18-05
Trade |
|
Security |
|
Quantity |
|
Strike |
|
Expiration |
|
Unit |
|
Amount |
|
Transaction |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
2/18/2005 |
|
Common Stock |
|
44 |
|
|
|
|
|
37.89 |
|
$ |
1,667 |
|
Purchase |
|
|
2/18/2005 |
|
Common Stock |
|
2,199 |
|
|
|
|
|
38.15 |
|
$ |
83,884 |
|
Purchase |
|
|
2/18/2005 |
|
Common Stock |
|
2,199 |
|
|
|
|
|
38.03 |
|
$ |
83,627 |
|
Purchase |
|
|
2/22/2005 |
|
Common Stock |
|
(802 |
) |
|
|
|
|
37.74 |
|
$ |
30,266 |
|
Sale |
|
|
2/22/2005 |
|
Common Stock |
|
(467 |
) |
|
|
|
|
37.74 |
|
$ |
17,624 |
|
Sale |
|
|
2/22/2005 |
|
Common Stock |
|
(337 |
) |
|
|
|
|
37.74 |
|
$ |
12,718 |
|
Sale |
|
|
2/22/2005 |
|
Common Stock |
|
(1,651 |
) |
|
|
|
|
37.74 |
|
$ |
62,307 |
|
Sale |
|
|
2/22/2005 |
|
Common Stock |
|
(3,744 |
) |
|
|
|
|
37.74 |
|
$ |
141,294 |
|
Sale |
|
|
2/22/2005 |
|
Common Stock |
|
(1,745 |
) |
|
|
|
|
37.74 |
|
$ |
65,854 |
|
Sale |
|
|
2/22/2005 |
|
American-style Call Option to Purchase Common Stock |
|
11,072 |
|
$ |
30.19 |
|
2/22/07 |
|
10.67 |
|
$ |
118,107 |
|
Purchase |
|
2/22/2005 |
|
Common Stock |
|
6,597 |
|
|
|
|
|
37.92 |
|
$ |
250,160 |
|
Purchase |
|
|
2/23/2005 |
|
Common Stock |
|
2,199 |
|
|
|
|
|
37.43 |
|
$ |
82,308 |
|
Purchase |
|
|
2/24/2005 |
|
Common Stock |
|
660 |
|
|
|
|
|
36.96 |
|
$ |
24,395 |
|
Purchase |
|
|
3/1/2005 |
|
Common Stock |
|
1,055 |
|
|
|
|
|
38.26 |
|
$ |
40,364 |
|
Purchase |
|
|
3/2/2005 |
|
Common Stock |
|
(1,055 |
) |
|
|
|
|
38.18 |
|
$ |
40,279 |
|
Sale |
|
|
3/2/2005 |
|
Common Stock |
|
(454 |
) |
|
|
|
|
38.18 |
|
$ |
17,333 |
|
Sale |
|
|
3/2/2005 |
|
Common Stock |
|
(2,932 |
) |
|
|
|
|
38.18 |
|
$ |
111,940 |
|
Sale |
|
|
3/2/2005 |
|
American-style Call Option to Purchase Common Stock |
|
5,416 |
|
$ |
31.00 |
|
2/20/07 |
|
10.29 |
|
$ |
55,749 |
|
Purchase |
|
3/2/2005 |
|
Common Stock |
|
3,466 |
|
|
|
|
|
38.13 |
|
$ |
132,173 |
|
Purchase |
|
|
3/3/2005 |
|
Common Stock |
|
(534 |
) |
|
|
|
|
38.07 |
|
$ |
20,329 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(449 |
) |
|
|
|
|
38.07 |
|
$ |
17,093 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(2,199 |
) |
|
|
|
|
38.07 |
|
$ |
83,713 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(1,099 |
) |
|
|
|
|
38.07 |
|
$ |
41,838 |
|
Sale |
|
|
3/3/2005 |
|
Common Stock |
|
(4,493 |
) |
|
|
|
|
38.07 |
|
$ |
171,043 |
|
Sale |
|
|
3/3/2005 |
|
American-style Call Option to Purchase Common Stock |
|
10,832 |
|
$ |
30.45 |
|
3/02/07 |
|
10.77 |
|
$ |
116,636 |
|
Purchase |
|
3/11/2005 |
|
Common Stock |
|
(676 |
) |
|
|
|
|
38.68 |
|
$ |
26,147 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(604 |
) |
|
|
|
|
38.68 |
|
$ |
23,362 |
|
Sale |
|
17
3/11/2005 |
|
Common Stock |
|
(6,597 |
) |
|
|
|
|
38.68 |
|
$ |
255,164 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(44 |
) |
|
|
|
|
38.68 |
|
$ |
1,702 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(136 |
) |
|
|
|
|
38.68 |
|
$ |
5,260 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(343 |
) |
|
|
|
|
38.72 |
|
$ |
13,281 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(269 |
) |
|
|
|
|
38.72 |
|
$ |
10,415 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(2,199 |
) |
|
|
|
|
38.72 |
|
$ |
85,142 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(934 |
) |
|
|
|
|
38.72 |
|
$ |
36,163 |
|
Sale |
|
|
3/11/2005 |
|
Common Stock |
|
(284 |
) |
|
|
|
|
38.72 |
|
$ |
10,996 |
|
Sale |
|
|
3/11/2005 |
|
American-style Call Option to Purchase Common Stock |
|
9,947 |
|
$ |
30.944 |
|
3/12/07 |
|
11.06 |
|
$ |
110,039 |
|
Purchase |
|
3/11/2005 |
|
American-style Call Option to Purchase Common Stock |
|
4,974 |
|
$ |
30.976 |
|
3/12/07 |
|
11.05 |
|
$ |
54,986 |
|
Purchase |
|
3/14/2005 |
|
Common Stock |
|
1,084 |
|
|
|
|
|
39.24 |
|
$ |
42,532 |
|
Purchase |
|
|
3/15/2005 |
|
Common Stock |
|
1,300 |
|
|
|
|
|
39.37 |
|
$ |
51,183 |
|
Purchase |
|
|
3/15/2005 |
|
Common Stock |
|
858 |
|
|
|
|
|
39.33 |
|
$ |
33,748 |
|
Purchase |
|
|
3/16/2005 |
|
Common Stock |
|
1,445 |
|
|
|
|
|
39.08 |
|
$ |
56,471 |
|
Purchase |
|
|
3/17/2005 |
|
Common Stock |
|
433 |
|
|
|
|
|
38.86 |
|
$ |
16,826 |
|
Purchase |
|
|
3/18/2005 |
|
Common Stock |
|
1,733 |
|
|
|
|
|
38.99 |
|
$ |
67,567 |
|
Purchase |
|
|
3/21/2005 |
|
Common Stock |
|
137 |
|
|
|
|
|
39.38 |
|
$ |
5,395 |
|
Purchase |
|
|
3/21/2005 |
|
Common Stock |
|
7,116 |
|
|
|
|
|
39.40 |
|
$ |
280,369 |
|
Purchase |
|
|
3/22/2005 |
|
Common Stock |
|
(12,091 |
) |
|
|
|
|
39.90 |
|
$ |
482,415 |
|
Sale |
|
|
3/22/2005 |
|
Common Stock |
|
(878 |
) |
|
|
|
|
39.90 |
|
$ |
35,031 |
|
Sale |
|
|
3/22/2005 |
|
American-style Call Option to Purchase Common Stock |
|
32,423 |
|
$ |
45.00 |
|
3/23/06 |
|
2.40 |
|
$ |
77,977 |
|
Purchase |
|
3/22/2005 |
|
Common Stock |
|
12,091 |
|
|
|
|
|
39.99 |
|
$ |
483,459 |
|
Purchase |
|
|
3/28/2005 |
|
Common Stock |
|
(6,238 |
) |
|
|
|
|
39.00 |
|
$ |
243,274 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(137 |
) |
|
|
|
|
39.00 |
|
$ |
5,343 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(1,300 |
) |
|
|
|
|
39.00 |
|
$ |
50,698 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(858 |
) |
|
|
|
|
39.00 |
|
$ |
33,461 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(1,084 |
) |
|
|
|
|
39.00 |
|
$ |
42,275 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(1,445 |
) |
|
|
|
|
39.00 |
|
$ |
56,353 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(1,733 |
) |
|
|
|
|
39.00 |
|
$ |
67,585 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(433 |
) |
|
|
|
|
39.00 |
|
$ |
16,886 |
|
Sale |
|
|
3/28/2005 |
|
Common Stock |
|
(376 |
) |
|
|
|
|
39.00 |
|
$ |
14,664 |
|
Sale |
|
|
3/28/2005 |
|
American-style Call Option to Purchase Common Stock |
|
16,303 |
|
$ |
31.20 |
|
9/27/06 |
|
10.60 |
|
$ |
172,751 |
|
Purchase |
|
4/14/2005 |
|
Common Stock |
|
2,270 |
|
|
|
|
|
39.01 |
|
$ |
88,551 |
|
Purchase |
|
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
4,525 |
|
$ |
27.37 |
|
1/19/07 |
|
14.31 |
|
$ |
64,740 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
4,525 |
|
$ |
33.23 |
|
11/17/06 |
|
10.06 |
|
$ |
45,507 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
4,525 |
|
$ |
29.32 |
|
3/16/07 |
|
13.19 |
|
$ |
59,662 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
4,525 |
|
$ |
29.32 |
|
7/21/06 |
|
12.10 |
|
$ |
54,761 |
|
Purchase |
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |
|
4,525 |
|
$ |
31.28 |
|
9/15/06 |
|
11.00 |
|
$ |
49,771 |
|
Purchase |
|
* Each of the sales of Common Stock set forth above were made solely for the purpose of effectuating purchases by the Reporting Persons of over-the-counter American-style call options.
18
Pershing Square Investment II, L.P.
From 02-18-05 To 04-18-05
Trade |
|
Security |
|
Quantity |
|
Strike |
|
Expiration |
|
Unit |
|
Amount |
|
Transaction |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
3/29/2005 |
|
Common Stock |
|
58,000 |
|
|
|
|
|
38.88 |
|
$ |
2,255,104 |
|
Purchase |
|
|
3/29/2005 |
|
Common Stock |
|
201,800 |
|
|
|
|
|
39.09 |
|
$ |
7,889,129 |
|
Purchase |
|
|
3/31/2005 |
|
Common Stock |
|
138,200 |
|
|
|
|
|
39.08 |
|
$ |
5,400,552 |
|
Purchase |
|
|
4/1/2005 |
|
Common Stock |
|
(201,800 |
) |
|
|
|
|
39.15 |
|
$ |
7,900,140 |
|
Sale |
|
|
4/1/2005 |
|
Common Stock |
|
(138,200 |
) |
|
|
|
|
39.15 |
|
$ |
5,410,304 |
|
Sale |
|
|
4/1/2005 |
|
Common Stock |
|
(58,000 |
) |
|
|
|
|
39.15 |
|
$ |
2,270,605 |
|
Sale |
|
|
4/18/2005 |
|
American-style Call Option to Purchase Common Stock |