sc13dza
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Amendment No. 3)*
INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
AMN Healthcare Services, Inc.
Common Stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
Goldman, Sachs & Co.
Attention: Ben I. Adler, Esq.
200 West Street
New York, New York 10282
(212) 902-1000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
(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
which 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.
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1 |
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NAMES OF REPORTING PERSONS
The Goldman Sachs Group, Inc. |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ |
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SEC USE ONLY |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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AF; OO |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
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o |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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2,071 (See Item 5 below) |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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5,355,764 (See Item 5 below) |
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EACH |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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2,071 (See Item 5 below) |
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WITH |
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SHARED DISPOSITIVE POWER |
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5,355,764 (See Item 5 below) |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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5,357,835 (See Item 5 below) |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 |
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12.7% (See Item 5 below) |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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HC-CO |
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1 |
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NAMES OF REPORTING PERSONS
Goldman, Sachs & Co. |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ |
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SEC USE ONLY |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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AF; WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
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þ |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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New York
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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5,355,764 (See Item 5 below) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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5,355,764 (See Item 5 below) |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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5,355,764 (See Item 5 below) |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 |
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12.7% (See Item 5 below) |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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BD-PN-IA |
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1 |
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NAMES OF REPORTING PERSONS
GSUIG, L.L.C. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ |
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SEC USE ONLY |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
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o |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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5,327,580 (See Item 5 below) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
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SHARED DISPOSITIVE POWER |
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5,327,580 (See Item 5 below) |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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5,327,580 (See Item 5 below) |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 |
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12.6% (See Item 5 below) |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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OO |
This Amendment No. 3 (the Amendment) relates to the Statement of Beneficial Ownership
on Schedule 13D filed jointly by The Goldman Sachs Group, Inc. (GS Group), Goldman, Sachs & Co.
(Goldman Sachs) and GSUIG, L.L.C. (GSUIG) (each, a Reporting Person and collectively, the
Reporting Persons)1 with the SEC on September 13, 2010, as amended by Amendment No. 1
to such statement filed with the SEC on December 17, 2010 and Amendment No. 2 to such statement
filed with the SEC on June 16, 2011 (as further amended by this Amendment, the Schedule 13D).
Except as set forth below, all Items of the Schedule 13D remain unchanged. All capitalized
terms not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule
13D.
Item 2. Identity and Background
Item 2 of the Schedule 13D is hereby amended as follows:
During the last five years, none of the Reporting Persons nor, to the knowledge of each of the
Reporting Persons, any of the persons listed on Schedule I hereto or Schedules II-A or II-B to the
Schedule 13D, (i) has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) except as set forth on Schedule III to the Schedule 13D, has been a
party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a
result of such proceeding was or is subject 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.
The name, business address, present principal occupation or employment and citizenship of each
director of GS Group is set forth on Schedule I hereto and is incorporated herein by reference. The
name, business address, present principal occupation or employment and citizenship of each
executive officer of GSUIG is set forth on Schedule II-A to the Schedule 13D and is incorporated
herein by reference. The name, business address, present principal occupation or employment and
citizenship of each member of the Principal Investment Area Investment Committee of Goldman Sachs,
which exercises the authority of Goldman Sachs in managing GSUIG, is set forth on Schedule II-B to
the Schedule 13D and is incorporated herein by reference.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended to add the following information for updating:
Sales of shares of Common Stock may be made by each Reporting Person, at any time and from
time to time, in the open market (including, without limitation, under Rule 144 and/or pursuant to
the resale registration statement filed by the Issuer pursuant to the Registration Rights Agreement
that was declared effective by the SEC), in privately negotiated transactions or otherwise. Each
Reporting Person may also acquire additional securities of the Issuer from time to time. As stated
in the Schedule 13D, the Reporting Persons intend to act in accordance with the terms of the
Stockholders Agreement and the Registration Rights Agreement for as long as such
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Neither the present filing nor anything
contained herein shall be construed as an admission that any Reporting Person
constitutes a person for any purpose other than for compliance with Section
13(d) of the Exchange Act. |
agreements remain in effect. Subject to the foregoing, each Reporting Person expects to
evaluate on an ongoing basis the Issuers financial condition and prospects and its interest in,
and intentions with respect to, the Issuer and their investment in the securities of the Issuer,
which review may be based on various factors, including, without limitation, the Issuers business
and financial condition, results of operations and prospects, general economic and industry
conditions, the price and availability of shares of the Issuers capital stock, the conditions of
the securities markets in general and those for the Issuers securities in particular, as well as
other developments and other investment opportunities. Accordingly, subject to compliance with the
terms of the Stockholders Agreement, each Reporting Person reserves the right to change its
intentions, as it deems appropriate.
In addition, the Reporting Persons may engage in discussions with management and members of
the board of directors of the Issuer regarding the Issuer, including, but not limited to, the
Issuers business and financial condition, results of operations and prospects. The Reporting
Persons may take positions with respect to and seek to influence the Issuer regarding the matters
discussed above. Such suggestions or positions may include one or more plans or proposals that
relate to or would result in any of the actions required to be reported herein. The Reporting
Persons also reserve the right, in each case subject to applicable law, to (i) cause any of the
Reporting Persons to distribute (or pay a dividend in kind to their respective partners, members,
or stockholders, as the case may be) shares of Common Stock or other securities owned by such
Reporting Persons, (ii) enter into privately negotiated derivative transactions with institutional
counterparties to hedge the market risk of some or all of their positions in the shares of Common
Stock or other securities and (iii) consider participating in a business combination transaction
that would result in an acquisition of all of the Issuers outstanding Common Stock. To the
knowledge of each Reporting Person, each of the persons listed on Schedule I hereto and Schedules
II-A and II-B attached to the Schedule 13D may make similar evaluations from time to time or on an
ongoing basis.
Except as set forth in the Schedule 13D, none of the Reporting Persons nor, to the best of their
knowledge, any person listed on Schedule I hereto and Schedules II-A and II-B attached to the
Schedule 13D, has any plans or proposals which relate to or would result in: (a) the acquisition by
any person of additional securities of the Issuer, or the disposition of securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation,
involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of
assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors
or management of the Issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the Issuers board of directors; (e) any material
change in the present capitalization or dividend policy of the Issuer; (f) any other material
change in the Issuers business or corporate structure; (g) any changes in the Issuers charter,
bylaws or instruments corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted
from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities association; (i) a class of equity securities
of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the
Exchange Act; or (j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is hereby amended to add the following information for updating:
The information set forth in Item 4 is hereby incorporated herein by reference.
(a) On May 4, 2011, there were 39,584,122 shares of Common Stock issued and outstanding as
reported by the Issuer in the Form 10-Q filed by the Issuer with the SEC on May 6, 2011.
(i) As of the close of business on July 6, 2011, GS Group may be deemed to have
beneficially owned 5,357,835 shares of Common Stock in the aggregate, consisting of (i)
2,585,252 shares of Common Stock issued to GSUIG at the closing of the Merger, (ii) 2,536,660
shares of Common Stock issuable upon conversion of the Preferred Stock issued to GSUIG at the
closing of the Merger, (iii) 102,272 shares of Common Stock issuable upon conversion of the
Preferred Stock issued to GSUIG pursuant to the Termination and Release Agreement, (iv) 103,396
shares of Common Stock issuable upon conversion of the Preferred Stock delivered to GSUIG from
escrow as a consideration adjustment pursuant to Section 3.4 of the Merger Agreement, (v)
28,184 shares of Common Stock acquired by Goldman Sachs or another wholly-owned broker or
dealer subsidiary of GS Group in ordinary course trading activities and (vi) 2,071 shares of
Common Stock issued pursuant to the Restricted Stock Unit Agreement, representing in the
aggregate beneficial ownership of approximately 12.7% of the Common Stock outstanding as
reported to the Reporting Persons by the Issuer, and as determined pursuant to Rule 13d-3
promulgated under the Exchange Act.
(ii) As of the close of business on July 6, 2011, Goldman Sachs may be deemed to have
beneficially owned 5,355,764 shares of Common Stock in the aggregate, consisting of (i)
2,585,252 shares of Common Stock issued to GSUIG at the closing of the Merger, (ii) 2,536,660
shares of Common Stock issuable upon conversion of the Preferred Stock issued to GSUIG at the
closing of the Merger, (iii) 102,272 shares of Common Stock issuable upon conversion of the
Preferred Stock issued to GSUIG pursuant to the Termination and Release Agreement, (iv) 103,396
shares of Common Stock issuable upon conversion of the Preferred Stock delivered to GSUIG from
escrow as a consideration adjustment pursuant to Section 3.4 of the Merger Agreement and (v)
28,184 shares of Common Stock acquired by Goldman Sachs or another wholly-owned broker or
dealer subsidiary of GS Group in ordinary course trading activities, representing in the
aggregate beneficial ownership of approximately 12.7% of the shares of Common Stock outstanding
as reported to the Reporting Persons by the Issuer, and as determined pursuant to Rule 13d-3
promulgated under the Exchange Act.
(iii) As of the close of business on July 6, 2011, GSUIG may be deemed to have
beneficially owned 5,327,580 shares of Common Stock in the aggregate, consisting of (i)
2,585,252 shares of Common Stock issued to GSUIG at the closing of the Merger, (ii) 2,536,660
shares of Common Stock issuable upon conversion of the Preferred Stock issued to GSUIG at the
closing of the Merger, (iii) 102,272 shares of Common Stock issuable upon conversion of the
Preferred Stock issued to GSUIG pursuant to the Termination and Release Agreement and (iv)
103,396 shares of Common Stock issuable upon conversion of the Preferred Stock delivered to
GSUIG from escrow as a consideration adjustment pursuant to Section 3.4 of the Merger
Agreement, representing in the aggregate beneficial ownership of
approximately 12.6% of the shares of Common Stock outstanding as reported to the Reporting Persons by the Issuer, and as
determined pursuant to Rule 13d-3 promulgated under the Exchange Act.
In accordance with Securities and Exchange Commission Release No. 34-395538 (January 12, 1998)
(the Release), this filing reflects the securities beneficially owned by certain operating
units (collectively, the Goldman Sachs Reporting Units) of GS Group and its subsidiaries and
affiliates (collectively, GSG). This filing does not reflect securities, if any,
beneficially owned by any operating units of GSG whose ownership of securities is disaggregated
from that of the Goldman Sachs Reporting Units in accordance with the Release. The Goldman Sachs
Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any
client accounts with respect to which the Goldman Sachs Reporting Units or their employees have
voting or investment discretion, or both, and (ii) certain investment entities of which the Goldman
Sachs Reporting Units act as the general partner, managing general partner or other manager, to the
extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units.
The aggregate number of shares of Common Stock described above does not include shares of
Common Stock beneficially owned by any other member of any group within the meaning of Section
13(d) of the Exchange Act, and the rules and regulations promulgated thereunder by the SEC, in
which GS Group, Goldman Sachs or GSUIG may be deemed a member.
As a result of certain of the matters described in Item 4 in the Schedule 13D, the Reporting
Persons may be deemed to constitute a group, within the meaning of Section 13(d) of the Exchange
Act and the rules and regulations promulgated thereunder by the SEC, with, among others, the NFI
Parties. The aggregate number of shares of Common Stock that would be deemed beneficially owned
collectively by the Reporting Persons and the other NFI Parties, based on available information, is
9,061,265, which represents approximately 20.9% of the Common Stock. The share ownership reported
for the Reporting Persons does not include any shares of Common Stock owned by the NFI Parties who
are parties to the Stockholders Agreement, other than GSUIG. Each of the Reporting Persons
disclaims membership in any group with any person or entity and disclaims beneficial ownership of
any shares of Common Stock owned by the NFI Parties to the Stockholders Agreement, other than
GSUIG.
(b) Each Reporting Person has sole or shared power to vote or direct the vote and to dispose
or direct the disposition of shares of Common Stock beneficially owned by such Reporting Person as
indicated herein.
(c) Except as
set forth on Schedule A attached hereto, no transactions in the Common Stock
were effected by the Reporting Persons or, to the knowledge of any of the Reporting Persons, any of
the persons listed on Schedule I hereto and Schedules II-A and II-B attached to the Schedule 13D,
since the filing of Amendment No. 2 to the Schedule 13D.
All of the transactions set forth on Schedule A attached hereto were effected in the ordinary course of business of
Goldman Sachs or another wholly-owned broker or dealer subsidiary of
GS Group. The transactions in the Common Stock set forth on Schedule
A were effected in open market transactions on the New York Stock
Exchange, the over-the-counter market and various other trading
markets.
In addition to the foregoing, Mr. Chavez
transferred to GS Group the 2,071 shares of Common Stock held by Mr. Chavez for the sole benefit of
GS Group that were issued to Mr. Chavez in connection with settlement of the RSUs previously issued
to Mr. Chavez following his ceasing to be a member of the Board of Directors of the Issuer on April
12, 2011. Such 2,071 shares were previously reported by GS Group in the Schedule 13D.
(d) Except for clients of Goldman Sachs or another subsidiary of GS Group who may have the
right to receive or the power to direct the receipt of dividends from, or the proceeds from the
sale of, shares of Common Stock, if any, held in Managed Accounts, no other person is known by the
Reporting Persons to have the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, any shares of Common Stock beneficially owned by the
Reporting Persons.
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.
Dated July 8, 2011
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THE GOLDMAN SACHS GROUP, INC. |
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By: |
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/s/ Kevin P. Treanor
Name: Kevin P. Treanor
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Title: Attorney-in-fact |
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Dated July 8, 2011 |
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GOLDMAN, SACHS & CO. |
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By:
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/s/ Kevin P. Treanor
Name: Kevin P. Treanor
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Title: Attorney-in-fact |
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Dated July 8, 2011 |
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GSUIG, L.L.C. |
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By:
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/s/ Kevin P. Treanor
Name: Kevin P. Treanor
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Title: Attorney-in-fact |
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SCHEDULE I
The name of each director of The Goldman Sachs Group, Inc. is set forth below.
The business address of each person listed below is c/o Goldman, Sachs & Co., 200 West Street,
New York, New York 10282.
Each person is a citizen of the United States of America except for Claes Dahlback, who is a
citizen of Sweden, and Lakshmi N. Mittal, who is a citizen of India. The present principal
occupation or employment of each of the listed persons is set forth below.
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Name |
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Present Principal Occupation |
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Lloyd C. Blankfein
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Chairman of the Board and Chief Executive Officer of The Goldman
Sachs Group, Inc. |
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Gary D. Cohn
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President and Chief Operating Officer of The Goldman Sachs Group, Inc. |
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John H. Bryan
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Retired Chairman and Chief Executive Officer of Sara Lee Corporation |
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Claes Dahlback
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Senior Advisor to Investor AB and Foundation Asset Management |
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Stephen Friedman
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Chairman of Stone Point Capital |
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William W. George
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Professor of Management Practice at the Harvard Business School and
Former Chairman and Chief Executive Officer of Medtronic, Inc. |
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James A. Johnson
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Vice Chairman of Perseus, L.L.C. |
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Lois D. Juliber
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Former Vice Chairman and Chief Operating Officer of the
Colgate-Palmolive Company |
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Lakshmi N. Mittal
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Chairman and Chief Executive Officer of ArcelorMittal S.A. |
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James J. Schiro
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Former Chief Executive Officer of Zurich Financial Services |
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Debora L. Spar
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President of Barnard College |
SCHEDULE A
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Number of Shares |
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Date |
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Sold |
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Price Per Share($)(15) |
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06/16/2011
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28,821 |
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$8.3870(1) |
06/17/2011
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48,809 |
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$8.3632(2) |
06/20/2011
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29,517 |
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$8.3055(3) |
06/21/2011
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66,009 |
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$8.4752(4) |
06/22/2011
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16,767 |
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$8.3783(5) |
06/23/2011
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38,554 |
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$8.2395(6) |
06/24/2011
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23,100 |
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$8.1408(7) |
06/27/2011
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6,252 |
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$8.3031(8) |
06/28/2011
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29,616 |
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$8.4854(9) |
06/29/2011
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19,736 |
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$8.3796(10) |
06/30/2011
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20,104 |
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$8.3311(11) |
07/01/2011
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37,550 |
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$8.4484(12) |
07/05/2011
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14,978 |
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$8.4687(13) |
07/06/2011
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47,389 |
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$8.5156(14) |
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(1) |
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Reflects a weighted average sale price of $8.3870 per share, at prices ranging from $8.29
to $8.49 per share. |
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(2) |
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Reflects a weighted average sale price of $8.3632 per share, at prices ranging from $8.30 to
$8.50 per share. |
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(3) |
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Reflects a weighted average sale price of $8.3055 per share, at prices ranging from $8.26 to
$8.39 per share. |
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(4) |
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Reflects a weighted average sale price of $8.4752 per share, at prices ranging from $8.37 to
$8.54 per share. |
|
(5) |
|
Reflects a weighted average sale price of $8.3783 per share, at prices ranging from $8.30 to
$8.49 per share. |
|
(6) |
|
Reflects a weighted average sale price of $8.2395 per share, at prices ranging from $8.10 to
$8.39 per share. |
|
(7) |
|
Reflects a weighted average sale price of $8.1408 per share, at prices ranging from $8.05 to
$8.34 per share. |
|
(8) |
|
Reflects a weighted average sale price of $8.3031 per share, at prices ranging from $8.30 to
$8.31 per share. |
|
(9) |
|
Reflects a weighted average sale price of $8.4854 per share, at prices ranging from $8.3500 to
$8.5800 per share. |
|
(10) |
|
Reflects a weighted average sale price of $8.3796 per share, at prices ranging from $8.3200 to
$8.4550 per share. |
|
(11) |
|
Reflects a weighted average sale price of $8.3311 per share, at prices ranging from $8.30 to
$8.42 per share. |
|
(12) |
|
Reflects a weighted average sale price of $8.4484 per share, at prices ranging from $8.30 to
$8.51 per share. |
|
(13) |
|
Reflects a weighted average sale price of $8.4687 per share, at prices ranging from $8.40 to
$8.51 per share. |
|
(14) |
|
Reflects a weighted average sale price of $8.5156 per share, at prices ranging from $8.45 to
$8.58 per share. |
|
(15) |
|
Upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security
holder of the Issuer, full information regarding the number of shares sold at each separate price
will be provided. |