-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GNaljo8CnmuGBqcHaKlxQvTm1xSkKlDEWqKyX6e9ePyk6MlYFw9/27vIBxYQqVIU XKY3gL5xTErkobQeS6H0VQ== 0000921895-09-000255.txt : 20090126 0000921895-09-000255.hdr.sgml : 20090126 20090126172106 ACCESSION NUMBER: 0000921895-09-000255 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090126 DATE AS OF CHANGE: 20090126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: S1 CORP /DE/ CENTRAL INDEX KEY: 0001063254 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 582395199 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54731 FILM NUMBER: 09546166 BUSINESS ADDRESS: STREET 1: 705 WESTECH DRIVE CITY: NORCROSS STATE: GA ZIP: 30092 BUSINESS PHONE: 4049233500 MAIL ADDRESS: STREET 1: 705 WESTECH DRIVE CITY: NORCROSS STATE: GA ZIP: 30092 FORMER COMPANY: FORMER CONFORMED NAME: SECURITY FIRST TECHNOLOGIES CORP DATE OF NAME CHANGE: 19980603 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RAMIUS LLC CENTRAL INDEX KEY: 0001050154 IRS NUMBER: 133937658 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 599 LEXINGTON AVENUE STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122014823 MAIL ADDRESS: STREET 1: 599 LEXINGTON AVENUE STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: RAMIUS CAPITAL GROUP LLC DATE OF NAME CHANGE: 20010212 SC 13D/A 1 sc13da1206297006_01212009.htm AMENDMENT NO. 12 TO SCHEDULE 13D sc13da1206297006_01212009.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)

(Amendment No. 12)1

S1 Corporation
(Name of Issuer)

Common Stock, $.01 Par Value
(Title of Class of Securities)

78463B101
(CUSIP Number)

STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

January 21, 2009
(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 ¨.

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.


_______________
1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 2,152,703
8
SHARED VOTING POWER
 
 -0-
9
SOLE DISPOSITIVE POWER
 
 2,152,703
10
SHARED DISPOSITIVE POWER
 
 -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 2,152,703
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 4.0%
14
TYPE OF REPORTING PERSON
 
CO

2

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
PARCHE, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
498,426
8
SHARED VOTING POWER
 
 -0-
9
SOLE DISPOSITIVE POWER
 
498,426
10
SHARED DISPOSITIVE POWER
 
 -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
498,426
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
Less than 1%
14
TYPE OF REPORTING PERSON
 
OO

3

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
RCG PB, LTD
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
381,174
8
SHARED VOTING POWER
 
 -0-
9
SOLE DISPOSITIVE POWER
 
381,174
10
SHARED DISPOSITIVE POWER
 
 -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
381,174
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
Less than 1%
14
TYPE OF REPORTING PERSON
 
CO

4

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
RAMIUS ENTERPRISE MASTER FUND LTD
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
498,426
8
SHARED VOTING POWER
 
 -0-
9
SOLE DISPOSITIVE POWER
 
498,426
10
SHARED DISPOSITIVE POWER
 
 -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
498,426
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
Less than 1%
14
TYPE OF REPORTING PERSON
 
CO

5

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
RCG STARBOARD ADVISORS, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
2,651,129
8
SHARED VOTING POWER
 
 -0-
9
SOLE DISPOSITIVE POWER
 
2,651,129
10
SHARED DISPOSITIVE POWER
 
 -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,651,129
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.0%
14
TYPE OF REPORTING PERSON
 
IA, OO

6

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
RAMIUS ADVISORS, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
879,600
8
SHARED VOTING POWER
 
 -0-
9
SOLE DISPOSITIVE POWER
 
879,600
10
SHARED DISPOSITIVE POWER
 
 -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
879,600
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.6%
14
TYPE OF REPORTING PERSON
 
IA, OO

7

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
RAMIUS LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
3,032,303
8
SHARED VOTING POWER
 
 -0-
9
SOLE DISPOSITIVE POWER
 
3,032,303
10
SHARED DISPOSITIVE POWER
 
 -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,032,303
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.7%
14
TYPE OF REPORTING PERSON
 
IA, OO

8

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
C4S & CO., L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
3,032,303
8
SHARED VOTING POWER
 
 -0-
9
SOLE DISPOSITIVE POWER
 
3,032,303
10
SHARED DISPOSITIVE POWER
 
 -0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,032,303
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.7%
14
TYPE OF REPORTING PERSON
 
OO

9

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
PETER A. COHEN
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 -0-
8
SHARED VOTING POWER
 
3,032,303
9
SOLE DISPOSITIVE POWER
 
 -0-
10
SHARED DISPOSITIVE POWER
 
3,032,303
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,032,303
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.7%
14
TYPE OF REPORTING PERSON
 
IN

10

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
MORGAN B. STARK
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 -0-
8
SHARED VOTING POWER
 
 3,032,303
9
SOLE DISPOSITIVE POWER
 
 -0-
10
SHARED DISPOSITIVE POWER
 
 3,032,303
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 3,032,303
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 5.7%
14
TYPE OF REPORTING PERSON
 
IN

11

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
JEFFREY M. SOLOMON
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 -0-
8
SHARED VOTING POWER
 
 3,032,303
9
SOLE DISPOSITIVE POWER
 
 -0-
10
SHARED DISPOSITIVE POWER
 
 3,032,303
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 3,032,303
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.7%
14
TYPE OF REPORTING PERSON
 
IN

12

CUSIP NO. 78463B101
 
 
1
NAME OF REPORTING PERSON
 
THOMAS W. STRAUSS
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 -0-
8
SHARED VOTING POWER
 
3,032,303
9
SOLE DISPOSITIVE POWER
 
 -0-
10
SHARED DISPOSITIVE POWER
 
3,032,303
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,032,303
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.7%
14
TYPE OF REPORTING PERSON
 
IN

13

CUSIP NO. 78463B101
 
The following constitutes Amendment No. 12 (“Amendment No. 12”) to the Schedule 13D filed by the undersigned.  This Amendment No. 12 amends the Schedule 13D as specifically set forth.
 
The first paragraph of Item 3 is hereby amended and restated as follows:

The Shares purchased by Value and Opportunity Master Fund, Parche and RCG PB were purchased with the working capital of such entities (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A, which is incorporated by reference herein.  The aggregate purchase cost of the 3,032,303 Shares beneficially owned in the aggregate by Value and Opportunity Master Fund, Parche and RCG PB is approximately $17,066,000, excluding brokerage commissions.
 
Item 5 is hereby amended and restated as follows:
 
The aggregate percentage of Shares reported owned by each person named herein is based upon 53,554,847 Shares outstanding, as of October 31, 2008, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 10, 2008.
 
A.
Value and Opportunity Master Fund
 
 
(a)
As of the close of business on January 23, 2009, Value and Opportunity Master Fund beneficially owned 2,152,703 Shares.
 
Percentage: Approximately 4.0%
 
 
(b)
1.  Sole power to vote or direct vote: 2,152,703
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 2,152,703
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
Transactions in the Shares by Value and Opportunity Master Fund since the filing of Amendment No. 11 are set forth in Schedule A and are incorporated by reference.
 
B.
Parche
 
 
(a)
As of the close of business on January 23, 2009, Parche beneficially owned 498,426 Shares.
 
Percentage: Less than 1%
 
 
(b)
1.  Sole power to vote or direct vote: 498,426
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 498,426
 
4.  Shared power to dispose or direct the disposition: 0
 
14

CUSIP NO. 78463B101
 
 
(c)
Transactions in the Shares by Parche since the filing of Amendment No. 11 are set forth in Schedule A and are incorporated by reference.
 
C.
RCG PB
 
 
(a)
As of the close of business on January 23, 2009, RCG PB beneficially owned 381,174 Shares.
 
Percentage: Less than 1%
 
 
(b)
1.  Sole power to vote or direct vote: 381,174
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 381,174
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
Transactions in the Shares by RCG PB since the filing of Amendment No. 11 are set forth in Schedule A and are incorporated by reference.
 
D.
Enterprise Master Fund
 
 
(a)
Enterprise Master Fund, as the sole non-managing member of Parche and owner of all economic interest therein, may be deemed the beneficial owner of the 498,426 Shares beneficially owned by Parche.
 
Percentage: Less than 1%
 
 
(b)
1. Sole power to vote or direct vote: 498,426
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 498,426
 
4. Shared power to dispose or direct the disposition: 0
 
 
(c)
Enterprise Master Fund has not entered into any transactions in the Shares since the filing of Amendment No. 11.  The transactions in the Shares by Parche since the filing of Amendment No. 11 are set forth in Schedule A and incorporated herein by reference.
 
E.
RCG Starboard Advisors
 
 
(a)
As the investment manager of Value and Opportunity Master Fund and the managing member of Parche, RCG Starboard Advisors may be deemed the beneficial owner of (i) 2,152,703 Shares owned by Value and Opportunity Master Fund and (ii) 498,426 Shares owned by Parche.
 
Percentage: Approximately 5.0%
 
 
(b)
1.  Sole power to vote or direct vote: 2,651,129
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 2,651,129
 
4.  Shared power to dispose or direct the disposition: 0
 
15

CUSIP NO. 78463B101
 
 
(c)
RCG Starboard Advisors has not entered into any transactions in the Shares since the filing of Amendment No. 11.  The transactions in the Shares since the filing of Amendment No. 11 on behalf of Parche and Value and Opportunity Master Fund are set forth on Schedule A and incorporated herein by reference.
 
F.
Ramius Advisors
 
 
(a)
As the investment advisor of each of Enterprise Master Fund and RCG PB, Ramius Advisors may be deemed the beneficial owner of (i) 498,426 Shares owned by Parche and (ii) 381,174 Shares owned by RCG PB.
 
Percentage: Approximately 1.6%
 
 
(b)
1. Sole power to vote or direct vote: 879,600
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 879,600
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
Ramius Advisors has not entered into any transactions in the Shares since the filing of Amendment No. 11.  The transactions in the Shares since the filing of Amendment No. 11 on behalf of Parche and RCG PB are set forth on Schedule A and incorporated herein by reference.
 
G.
Ramius
 
 
(a)
As the sole member of each of RCG Starboard Advisors and Ramius Advisors, Ramius may be deemed the beneficial owner of (i) 2,152,703 shares owned by Value and Opportunity Master Fund, (ii) 498,426 Shares owned by Parche and (iii) 381,174 Shares owned by RCG PB.
 
Percentage: Approximately 5.7%
 
 
(b)
1.  Sole power to vote or direct vote: 3,032,303
 
2.  Shared power to vote or direct vote: 0
 
3.  Sole power to dispose or direct the disposition: 3,032,303
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
Ramius did not enter into any transactions in the Shares since the filing of Amendment No. 11.  The transactions in the Shares since the filing of Amendment No. 11 on behalf of Parche, Value and Opportunity Master Fund and RCG PB are set forth on Schedule A and incorporated herein by reference.
 
H.
C4S
 
 
(a)
As the managing member of Ramius, C4S may be deemed the beneficial owner of (i) 2,152,703 shares owned by Value and Opportunity Master Fund, (ii) 498,426 Shares owned by Parche and (iii) 381,174 Shares owned by RCG PB.
 
Percentage: Approximately 5.7%
 
16

CUSIP NO. 78463B101
 
 
(b)
1.  Sole power to vote or direct vote: 3,032,303
 
 
2.  Shared power to vote or direct vote: 0
 
 
3.  Sole power to dispose or direct the disposition: 3,032,303
 
 
4.  Shared power to dispose or direct the disposition: 0
 
 
(c)
C4S did not enter into any transactions in the Shares since the filing of Amendment No. 11.  The transactions in the Shares since the filing of Amendment No. 11 on behalf of Parche, Value and Opportunity Master Fund and RCG PB are set forth on Schedule A and incorporated herein by reference.
 
I.
Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon
 
 
(a)
As the managing members of C4S, each of Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon may be deemed the beneficial owner of (i) 2,152,703 shares owned by Value and Opportunity Master Fund (ii) 498,426 Shares owned by Parche and (iii) 381,174 Shares owned by RCG PB.
 
Percentage: Approximately 5.7%
 
 
(b)
1.  Sole power to vote or direct vote: 0
 
2.  Shared power to vote or direct vote: 3,032,303
 
3.  Sole power to dispose or direct the disposition: 0
 
4.  Shared power to dispose or direct the disposition: 3,032,303
 
 
(c)
None of Mr. Cohen, Mr. Stark, Mr. Strauss or Mr. Solomon has entered into any transactions in the Shares since the filing of Amendment No. 11.  The transactions in the Shares since the filing of Amendment No. 11 on behalf of Parche, Value and Opportunity Master Fund and RCG PB are set forth on Schedule A and incorporated herein by reference.
 
The Reporting Persons do not believe that certain of the foregoing information is called for by the Items of Schedule 13D and are disclosing it for supplemental informational purposes only.
 
Item 6 is hereby amended to add the following:
 
This Amendment No. 12 reports the sale of an aggregate of 195,183 Shares by the Reporting Persons pursuant to the Sales Plan Agreement.  The Sales Plan Agreement allows for the sale of up to an aggregate of 4,532,390 Shares.  Shares sold pursuant to the Sales Plan Agreement may be sold in accordance with trading requirements adopted by the Reporting Persons and the Sales Plan Agreement may be terminated at any time by the Reporting Persons.
 
The sales disclosed in this Amendment No. 12 that were not pursuant to the Sales Plan Agreement were conducted at a time when the Reporting Persons were not in possession of material nonpublic information about the Shares or the Issuer.
 
17

CUSIP NO. 78463B101
 
SIGNATURES
 
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated:                      January 26, 2009

RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD
By:  RCG Starboard Advisors, LLC,
its investment manager
 
PARCHE, LLC
By:  RCG Starboard Advisors, LLC, 
its managing member
 
RCG PB, LTD
By:  Ramius Advisors, LLC, 
its investment advisor
 
RAMIUS ENTERPRISE MASTER FUND LTD
By:  Ramius Advisors, LLC,
its investment manager
RCG STARBOARD ADVISORS, LLC
By:  Ramius LLC, 
its sole member
 
RAMIUS ADVISORS, LLC
By:  Ramius LLC,
its managing member
 
RAMIUS LLC
By:  C4S & Co., L.L.C.,
as managing member
 
C4S & CO., L.L.C.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Jeffrey M. Solomon
 
Name:
Jeffrey M. Solomon
 
Title:
Authorized Signatory
 
 
JEFFREY M. SOLOMON
 
   
   
/s/ Jeffrey M. Solomon  
Individually and as attorney-in-fact for
Peter A. Cohen, Morgan B. Stark and Thomas W. Strauss
 
 
18

CUSIP NO. 78463B101

Schedule A

Transactions in the Shares Since the Filing of Amendment No. 11

Shares of Common Stock
Sold
Price Per
Share ($)
Date of
Sale

RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD
 
25,986
 
7.7350
01/06/2009
17,322
 
7.7465
01/06/2009
36,419
 
7.2097
01/07/2009
44,730
 
7.2185
01/07/2009
28,255
 
7.1257
01/08/2009
28,258
 
7.1297
01/08/2009
16,683
 
6.9756
01/09/2009
7,099
 
7.0025
01/09/2009
10,437
 
7.0299
01/09/2009
18,742
 
7.0145
01/12/2009
15,336
 
7.0302
01/12/2009
10,365
 
6.9791
01/13/2009
12,212
 
7.0373
01/13/2009
15,902
 
6.6219
01/14/2009
22,362
 
6.4251
01/15/2009
29,938
 
6.6131
01/16/2009
18,955
 
6.4609
01/20/2009
46,500
 
6.5498
01/21/2009
36,561
 
6.3279
01/22/2009
23,853
 
6.3955
01/23/2009
 
19

CUSIP NO. 78463B101

PARCHE, LLC

4,954
 
7.7350
01/06/2009
3,311
 
7.7465
01/06/2009
1,048
 
7.7350
01/06/2009
700
 
7.7465
01/06/2009
6,962
 
7.2097
01/07/2009
8,528
 
7.2185
01/07/2009
1,473
 
7.2097
01/07/2009
1,804
 
7.2185
01/07/2009
5,401
 
7.1257
01/08/2009
5,387
 
7.1297
01/08/2009
1,143
 
7.1257
01/08/2009
1,140
 
7.1297
01/08/2009
3,189
 
6.9756
01/09/2009
1,357
 
7.0025
01/09/2009
1,990
 
7.0299
01/09/2009
675
 
6.9756
01/09/2009
287
 
7.0025
01/09/2009
421
 
7.0299
01/09/2009
3,583
 
7.0145
01/12/2009
2,924
 
7.0302
01/12/2009
758
 
7.0145
01/12/2009
618
 
7.0302
01/12/2009
1,981
 
6.9791
01/13/2009
2,328
 
7.0373
01/13/2009
419
 
6.9791
01/13/2009
493
 
7.0373
01/13/2009
3,039
 
6.6219
01/14/2009
643
 
6.6219
01/14/2009
4,274
 
6.4251
01/15/2009
904
 
6.4251
01/15/2009
5,722
 
6.6131
01/16/2009
1,210
 
6.6131
01/16/2009
3,622
 
6.4609
01/20/2009
766
 
6.4609
01/20/2009
8,886
 
6.5498
01/21/2009
1,880
 
6.5498
01/21/2009
6,987
 
6.3279
01/22/2009
1,478
 
6.3279
01/22/2009
4,559
 
6.3955
01/23/2009
964
 
6.3955
01/23/2009
 
20

CUSIP NO. 78463B101

RCG PB, LTD

4,612
 
7.7350
01/06/2009
3,067
 
7.7465
01/06/2009
6,446
 
7.2097
01/07/2009
7,938
 
7.2185
01/07/2009
5,001
 
7.1257
01/08/2009
5,015
 
7.1297
01/08/2009
2,953
 
6.9756
01/09/2009
1,257
 
7.0025
01/09/2009
1,852
 
7.0299
01/09/2009
3,317
 
7.0145
01/12/2009
2,722
 
7.0302
01/12/2009
1,835
 
6.9791
01/13/2009
2,167
 
7.0373
01/13/2009
2,816
 
6.6219
01/14/2009
3,960
 
6.4251
01/15/2009
5,301
 
6.6131
01/16/2009
3,357
 
6.4609
01/20/2009
8,234
 
6.5498
01/21/2009
6,474
 
6.3279
01/22/2009
4,224
 
6.3955
01/23/2009

 
21

 
 
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