0001104659-14-075629.txt : 20141031 0001104659-14-075629.hdr.sgml : 20141031 20141031172326 ACCESSION NUMBER: 0001104659-14-075629 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141031 DATE AS OF CHANGE: 20141031 GROUP MEMBERS: DAVID H. BATCHELDER GROUP MEMBERS: RALPH V. WHITWORTH GROUP MEMBERS: RELATIONAL COAST PARTNERS, L.P. GROUP MEMBERS: RELATIONAL FUND PARTNERS, L.P. GROUP MEMBERS: RELATIONAL INVESTORS IX, L.P. GROUP MEMBERS: RELATIONAL INVESTORS MID-CAP FUND I, L.P. GROUP MEMBERS: RELATIONAL INVESTORS MID-CAP FUND II, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XV, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XVI, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XX, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XXIII, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XXIV, L.P. GROUP MEMBERS: RH FUND 1, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SPX CORP CENTRAL INDEX KEY: 0000088205 STANDARD INDUSTRIAL CLASSIFICATION: METALWORKING MACHINERY & EQUIPMENT [3540] IRS NUMBER: 381016240 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-16002 FILM NUMBER: 141187389 BUSINESS ADDRESS: STREET 1: 13320 BALLANTYNE CORPORATE PLACE CITY: CHARLOTTE STATE: NC ZIP: 28277 BUSINESS PHONE: 704-752-4400 MAIL ADDRESS: STREET 1: 13320 BALLANTYNE CORPORATE PLACE CITY: CHARLOTTE STATE: NC ZIP: 28277 FORMER COMPANY: FORMER CONFORMED NAME: SEALED POWER CORP DATE OF NAME CHANGE: 19880515 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RELATIONAL INVESTORS LLC CENTRAL INDEX KEY: 0001047644 IRS NUMBER: 330694767 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: 858.704.3333 MAIL ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 SC 13D/A 1 a14-23433_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 


Under the Securities Exchange Act of 1934
(Amendment No. 6)*

SPX Corporation

(Name of Issuer)

 

Common Stock, $10.00 par value

(Title of Class of Securities)

 

784635104

(CUSIP Number)

 

Ralph V. Whitworth
Relational Investors, LLC
12400 High Bluff Drive, Suite 600
San Diego, CA 92130
(858) 704-3333

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

October 29, 2014

(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 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).

 



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors, LLC

 

 

2.

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

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
5,594,792

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
5,594,792

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
5,594,792

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
13.62%

 

 

14.

Type of Reporting Person (See Instructions)
IA/HC/OO

 

2



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors Mid-Cap Fund I, L.P.

 

 

2.

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

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,121,619

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,121,619

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,121,619

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
2.73%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

3



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors Mid-Cap Fund II, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,197,533

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,197,533

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,197,533

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
2.92%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

4



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Fund Partners, L.P.

 

 

2.

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

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
17,635

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
17,635

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
17,635

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.04%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

5



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Coast Partners, L.P.

 

 

2.

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

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
278,199

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
278,199

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
278,199

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.68%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

6



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors IX, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
322,396

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
322,396

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
322,396

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.78%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

7



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XV, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
186,284

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
186,284

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
186,284

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.45%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

8



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XVI, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
92,316

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
92,316

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
92,316

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.22%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

9



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XX, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
167,758

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
167,758

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
167,758

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.41%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

10



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XXIII, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
237,941

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
237,941

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
237,941

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.58%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

11



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XXIV, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
4,865

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
4,865

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,865

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.01%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

12



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
RH Fund 1, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
125,016

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
125,016

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
125,016

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.30%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

13



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Ralph V. Whitworth

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
5,594,792

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
5,594,792

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
5,594,792

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
13.62%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

14



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
David H. Batchelder

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
5,594,792

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
5,594,792

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
5,594,792

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
13.62%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

15



 

Item 1.   Security and Issuer

 

This Schedule 13D/A constitutes the sixth amendment to the Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on February 25, 2013 and amended by Amendment No. 1, No. 2, No. 3, No. 4 and No. 5 filed by the Reporting Persons with the SEC on March 25, 2013, May 6, 2013, August 30, 2013, January 15, 2014 and March 21, 2014 (the “Statement”) with respect to the common stock, $10.00 par value (the “Shares”), of SPX Corporation (the “Issuer” or the “Company”). Except as specifically amended by this Schedule 13D/A, the Statement remains in full force and effect.

Item 3.   Source and Amount of Funds or Other Consideration

RILLC and the Managed Accounts purchased an aggregate of 1,843,230 Shares for a total consideration (including brokerage commissions) of $139 million derived from capital of RILLC and the Managed Accounts.

The Relational LPs purchased an aggregate of 3,751,562 Shares for total consideration (including brokerage commissions) of $280 million derived from the capital of the Relational LPs.

 

16



 

Item 5.   Interest in Securities of the Issuer

(a)           As of the date of this Statement, the Reporting Persons beneficially owned in the aggregate 5,594,792 Shares, constituting 13.62% of the outstanding Shares.  The percentage of Shares owned is based upon 41,072,263 Shares outstanding on October 24, 2014, as set forth in the Issuer’s Form 10-Q for the period ended September 27, 2014.  The Reporting Persons may be deemed to have direct beneficial ownership of the Shares as follows:

NAME

 

NUMBER OF SHARES

 

% OF OUTSTANDING SHARES

 

VOTING AND DISPOSITIVE POWER

 

RILLC

 

1,843,230

 

4.49

%

Sole

 

MC I

 

1,121,619

 

2.73

%

Sole

 

MC II

 

1,197,533

 

2.92

%

Sole

 

RFP

 

17,635

 

0.04

%

Sole

 

RCP

 

278,199

 

0.68

%

Sole

 

RI IX

 

322,396

 

0.78

%

Sole

 

RI XV

 

186,284

 

0.45

%

Sole

 

RI XVI

 

92,316

 

0.22

%

Sole

 

RI XX

 

167,758

 

0.41

%

Sole

 

RI XXIII

 

237,941

 

0.58

%

Sole

 

RI XXIV

 

4,865

 

0.01

%

Sole

 

RH 1

 

125,016

 

0.30

%

Sole

 

17



 

RILLC, individually and in its capacity as an investment adviser, may be deemed to possess direct beneficial ownership of the 1,843,230 Shares that are owned by it and the Managed Accounts.  Additionally, RILLC, as the sole general partner, or sole managing member of the general partner, of each of the Relational LPs may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) the 3,751,562 Shares beneficially owned by the Relational LPs because the limited partnership agreements of the Relational LPs specify that RILLC has sole investment discretion and voting authority with respect to those Shares.

Each of Messrs. Whitworth and Batchelder, as Principals of RILLC, may be deemed to share indirect beneficial ownership of the Shares which RILLC may beneficially own.  Each of Messrs. Whitworth and Batchelder disclaims beneficial ownership of such Shares for all other purposes.

To the best of the knowledge of each of the Reporting Persons, other than as set forth above, none of the persons named in Item 2 is the beneficial owner of any Shares.

(b)           See item (a) above.

(c)           Except as set forth in Exhibit A to this Statement, none of the Reporting Persons has effected any transactions in the Shares during the past sixty days not previously reported.

(d)           No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Statement, except that dividends from, and proceeds from the sale of, the Shares held by accounts managed by RILLC may be delivered to such accounts.

(e)           Not applicable.

 

Item 7.  Material to Be Filed as Exhibits

 

The following Exhibits are filed herewith:

 

Exhibit A - Information concerning transactions in the Shares effected by the Reporting Persons in the last 60 days not previously reported.

 

18



 

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:  October 31, 2014

RELATIONAL INVESTORS MID-CAP FUND I, L.P.
RELATIONAL INVESTORS MID-CAP FUND II, L.P.
RELATIONAL FUND PARTNERS, L.P.
RELATIONAL COAST PARTNERS, L.P.
RELATIONAL INVESTORS IX, L.P.
RELATIONAL INVESTORS XV, L.P.
RELATIONAL INVESTORS XVI, L.P.
RELATIONAL INVESTORS XX, L.P.
RELATIONAL INVESTORS XXIII, L.P.
RELATIONAL INVESTORS XXIV, L.P.
RH FUND 1, L.P.

By:

RELATIONAL INVESTORS, LLC

 

 

as general partner to each,

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

RELATIONAL INVESTORS, LLC

 

 

 

 

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

 

 

 

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth

 

 

 

 

 

 

 

 

 

 

 

/s/ David H. Batchelder

 

 

 

David H. Batchelder

 

 

 

 

19



 

Exhibit A

 

Transactions by Reporting Persons in the last 60 days.

 

Beneficial Ownership

 

Purchase or
Sale

 

Quantity

 

Transaction
Date

 

Price per Share
(including
commission)

 

How Effected

 

Relational Investors LLC

 

Sale

 

947

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

498

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors LLC

 

Sale

 

13,529

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors LLC

 

Sale

 

14,522

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

2,742

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

1,407

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

2,185

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

28,894

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

18,230

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

10,215

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

1,914

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

8,718

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

8,556

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

10,333

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

35,371

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

627

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

4,438

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

2,340

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

2,678

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

1,992

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

48,415

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

10,189

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

22,340

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

192

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

45,389

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors LLC

 

Sale

 

3,145

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,656

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors LLC

 

Sale

 

30,200

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors LLC

 

Sale

 

14,710

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors LLC

 

Sale

 

42,662

 

10/29/2014

 

$

96.41

 

Open Market

 

 

20



 

Relational Investors LLC

 

Sale

 

5,546

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,029

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

542

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,094

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

31

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

6,058

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

4,038

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

16

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

24

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,979

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

918

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

3

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

8

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

527

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

5,532

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

24

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

4,039

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

16

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

4,039

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

17

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

2,109

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

65

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

34

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

385

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

546

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

49

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

396

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

194

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

90

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

270

 

10/29/2014

 

$

96.41

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

462

 

10/29/2014

 

$

100.74

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

243

 

10/29/2014

 

$

102.04

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

2,469

 

10/29/2014

 

$

98.00

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

4,135

 

10/29/2014

 

$

98.00

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

180

 

10/29/2014

 

$

96.41

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

6,909

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

689

 

10/29/2014

 

$

100.74

 

Open Market

 

 

21



 

Relational Investors XV, L.P.

 

Sale

 

362

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

3,631

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

5,826

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

383

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

3,501

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

1,903

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

883

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

4,276

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

341

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

179

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

4,132

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

744

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

5,234

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

620

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

326

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

3,052

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

4,958

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

852

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

2,453

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

1,620

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

752

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

4,688

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

880

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

463

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

4,026

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

6,797

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

1,746

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

2,785

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

2,220

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

1,030

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

6,797

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

661

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

834

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

358

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

628

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

7,457

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

8,076

 

10/29/2014

 

$

98.00

 

Open Market

 

 

22



 

Relational Investors IX, L.P.

 

Sale

 

1,498

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

1,963

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

5,384

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

2,307

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

2,638

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

1,131

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

1,749

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3,110

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors LLC

 

Sale

 

2,726

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,435

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors LLC

 

Sale

 

38,930

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors LLC

 

Sale

 

41,789

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

17

 

10/29/2014

 

$

100.74

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

9

 

10/29/2014

 

$

102.04

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

139

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

117

 

10/29/2014

 

$

98.00

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

275

 

10/29/2014

 

$

96.41

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,213

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors LLC

 

Sale

 

9

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

5,314

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

42

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

5,680

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

52

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors LLC

 

Sale

 

4,027

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors LLC

 

Sale

 

31

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,318

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

10

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

83

 

10/31/2014

 

$

94.97

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

592

 

10/31/2014

 

$

94.97

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

4

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

882

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

6

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

437

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

3

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

271

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

523

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

6

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

1,127

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

8

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

1,069

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

458

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

12

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors LLC

 

Sale

 

3,491

 

10/31/2014

 

$

94.97

 

Open Market

 

Relational Investors LLC

 

Sale

 

27

 

10/31/2014

 

$

94.99

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

23

 

10/31/2014

 

$

94.97

 

Open Market

 

 

23