-----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, EyLOz26dTeBJLExvYeZ6hX378iwrlvSnYMAI/T5wY1ngis6iIrf9TvRO7w5IRarT YOqEKyncnvjQAoJvmaOSSA== 0000927016-02-005293.txt : 20021107 0000927016-02-005293.hdr.sgml : 20021107 20021107090154 ACCESSION NUMBER: 0000927016-02-005293 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021107 GROUP MEMBERS: HIGHFIELDS CAPITAL LTD GROUP MEMBERS: HIGHFIELDS GP LLC GROUP MEMBERS: JONATHON S. JACOBSON GROUP MEMBERS: RICHARD L. GRUBMAN FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHFIELDS CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001079563 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 200 CLARENDON STREET 51ST FLOOR CITY: BOSTON STATE: MA ZIP: 02117 BUSINESS PHONE: 6178507500 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STILWELL FINANCIAL INC CENTRAL INDEX KEY: 0001065865 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 431804048 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-60963 FILM NUMBER: 02811836 BUSINESS ADDRESS: STREET 1: 920 MAIN STREET 21ST FLOOR CITY: KANSAS CITY STATE: MO ZIP: 64105 BUSINESS PHONE: 8162182400 MAIL ADDRESS: STREET 1: 920 MAIN STREET 21ST FLOOR CITY: KANSAS CITY STATE: MO ZIP: 64105 FORMER COMPANY: FORMER CONFORMED NAME: FAM HOLDINGS INC DATE OF NAME CHANGE: 19980710 SC 13D 1 dsc13d.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 STILWELL FINANCIAL, INC. (Name of issuer) Common Stock, $0.01 Par Value Per Share (Title of class of securities) 860831106 ---------- (CUSIP number) Highfields Capital Management LP Attention: Joseph F. Mazzella 200 Clarendon Street 51st Floor Boston, MA 02116 (617) 850-7500 (Name, address and telephone number of person authorized to receive notices and communications) October 31, 2002 ---------------- (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. (Continued on the following pages) (Page 1 of 18 Pages) * 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 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 2 of 18 pages - ------------------------ ------------------------ - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Highfields Capital Management LP - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 13,090,198 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 13,090,198 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 13,090,198 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.9% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 PN - ------------------------------------------------------------------------------ - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 3 of 18 pages - ------------------------ ------------------------ - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Highfields GP LLC - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 13,090,198 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 13,090,198 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 13,090,198 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.9% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO - ------------------------------------------------------------------------------ - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 4 of 18 pages - ------------------------ ------------------------ - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Highfields Capital Ltd. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Cayman Islands, B.W.I. - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 9,324,035 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 9,324,035 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 9,324,035 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 CO - ------------------------------------------------------------------------------ - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 5 of 18 pages - ------------------------ ------------------------ - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Jonathon S. Jacobson - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 13,090,198 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 13,090,198 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 13,090,198 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.9% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN - ------------------------------------------------------------------------------ - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 6 of 18 pages - ------------------------ ------------------------ - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Richard L. Grubman - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 13,090,198 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 13,090,198 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 13,090,198 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.9% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN - ------------------------------------------------------------------------------ - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 7 of 18 pages - ------------------------ ------------------------ Item 1. Security and Issuer. The securities to which this statement relates are shares (the "Shares") of common stock, par value $0.01 per share (the "Common Stock"), of Stilwell Financial, Inc., a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 920 Main St., Kansas City, MO 64105. Item 2. Identity and Background. (a), (b) and (c) This statement is being filed by the following persons: Highfields Capital Management LP, a Delaware limited partnership ("Highfields Capital Management"), Highfields GP LLC, a Delaware limited liability company ("Highfields GP"), Highfields Capital Ltd. an exempted limited company organized under the laws of the Cayman Islands, B.W.I. ("Highfields Ltd."), Jonathon S. Jacobson and Richard L. Grubman. Highfields Capital Management, Highfields GP, Highfields Ltd., Mr. Jacobson and Mr. Grubman are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons" or "Highfields." Highfields Capital Management is principally engaged in the business of providing investment management services to the following investment funds: Highfields Capital I LP, a Delaware limited partnership ("Highfields I"), Highfields Capital II LP, a Delaware limited partnership ("Highfields II") and Highfields Ltd. (Highfields Ltd. together with Highfields I and Highfields II, the "Funds"). The business address and principal executive offices of Highfields Capital Management are 200 Clarendon Street, 51st Floor, Boston, Massachusetts 02116. Highfields GP is the General Partner of Highfields Capital Management. Highfields GP's principal business is serving as General Partner of Highfields Capital Management. The business address and principal executive offices of Highfields GP are 200 Clarendon Street, 51st Floor, Boston, Massachusetts 02116. Highfields Ltd. is principally engaged in the business of buying, selling and owning securities and those activities incidental to buying, selling and owning securities. The business address and principal executive offices of Highfields Ltd. are c/o Goldman Sachs (Cayman) Trust, Limited, Second Floor, Harbour Centre, P.O. Box 896 GT, George Town, Grand Cayman, Cayman Islands, B.W.I. Mr. Jacobson is a Managing Member of Highfields GP and his business address is 200 Clarendon Street, 51st Floor, Boston, Massachusetts 02116. Mr. Jacobson also is a Managing Director of Highfields Capital Management and in such capacity acts as a portfolio manager of the Funds. Mr. Grubman is a Managing Member of Highfields GP and his business address is 200 Clarendon Street, 51st Floor, Boston, Massachusetts 02116. Mr. Grubman also is a Managing - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 8 of 18 pages - ------------------------ ------------------------ Director of Highfields Capital Management and in such capacity acts as a portfolio manager of the Funds. The Shares to which this Schedule 13D relates are owned directly by the Funds. (d) and (e) During the last five years, none of the persons identified in this Item 2 has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors), or has been a party to any 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 violations with respect to such laws. (f) Each natural person identified in this Item 2 is a citizen of the United States. Item 3. Source and Amount of Funds or Other Consideration. The aggregate purchase price of the 1,197,463 Shares owned by Highfields I was $15,138,384.80, inclusive of brokerage commissions. The aggregate purchase price of the 2,568,700 Shares owned by Highfields II was $32,470,987.78, inclusive of brokerage commissions. The aggregate purchase price of the 9,324,035 Shares owned by Highfields Ltd. was $117,872,218.79, inclusive of brokerage commissions. Each of Highfields I, Highfields II and Highfields Ltd. used its own assets to purchase such Shares, which may at any given time include funds borrowed in the ordinary course in their margin accounts. Item 4. Purpose of Transaction. The Reporting Persons have acquired the Shares for investment purposes in the ordinary course of their business of investing in securities for their own accounts or for one or more accounts over which the Reporting Person has investment or voting power. The Reporting Persons may further purchase, trade, lend, vote, dispose or otherwise deal in the Shares at times and in such manner as they deem advisable in pursuit of such investment purposes, including to benefit from temporary changes in Share market prices, including changes resulting from actual or perceived developments in the Issuer's operations, business strategy or prospects, management, or from sale or merger of the Issuer, or its subsidiaries. To evaluate such alternatives, the Reporting Persons will perform ongoing analysis of the Issuer's operations, prospects, business development, management, competitive and strategic position, capital structure, and prevailing market conditions, as well as alternative investment opportunities, and may periodically discuss such matters with the Issuer's management or directors, other shareholders, industry analysts, investment and financing professionals, existing or potential strategic partners, acquirors or competitors, sources of credit or investment banking firms. Such factors, analysis and discussions may result in the Reporting Persons' modifying their ownership of Shares, exchanging information with the Issuer or other persons pursuant to appropriate confidentiality or similar agreements, or holding discussions with third parties or with management in which the Reporting Persons may suggest or take a position with respect to potential changes in the Issuer's - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 9 of 18 pages - ------------------------ ------------------------ operations, management, governance or capital structure as a means of enhancing shareholder value. Such matters may relate to one or more of the actions described in subsections (a) through (j) of this Item 4, including, without limitation, the acquisition of other businesses by the Issuer, disposing of one or more Issuer businesses, election of one or more new directors, merger or sale of the Issuer, or adopting or not adopting, certain types of anti-takeover measures. The Issuer has previously announced a structural reorganization under which it would merge the operations of its Janus and other subsidiaries, and in October 2002, announced that it was considering the sale of its ownership of DST Systems Inc., in a taxable transaction. The Reporting Persons intend to review and consider the Issuer's further announcements and plans relating to the reorganization and the DST sale to determine whether such plan will achieve the highest values attainable for shareholders, or whether alternative transactions, including spin offs, recapitalizations, self-tender offers or sale of the Issuer, in whole or in part, should be proposed or pursued. In part depending on further announcements of the Issuer's plans, such review may include, without limitation, discussions with market analysts, other stockholders, investment professionals, industry sources and other parties. Based upon such discussions, the Reporting Persons may take other steps, change their intentions as stated above, acquire additional securities of the Issuer, or dispose of securities of the Issuer in the open market or pursuant to private transactions. The Reporting Persons reserve the right to formulate plans and/or make proposals, and take such actions with respect to their investment in the Issuer, including subject to applicable law, (i) to hold its Shares as a passive investor or as an active investor (whether or not as a member of a "group" with other beneficial owners of Shares or otherwise), (ii) to acquire beneficial ownership of additional Shares in the open market, in privately negotiated transactions or otherwise, (iii) to dispose of all or part of its holdings of Shares, (iv) to take other actions which could involve one or more of the types of transactions or have one or more of the results described in Item 4 of this Schedule 13D, or (v) to change its intention with respect to any or all of the matters referred to in this Item 4. - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 10 of 18 pages - ------------------------ ------------------------ Item 5. Interest in Securities of Issuer. (a) and (b) As of November 6, 2002, Highfields I, Highfields II and Highfields Ltd. owned beneficially 1,197,463, 2,568,700 and 9,324,035 Shares, respectively, representing approximately 0.5%, 1.2% and 4.2%, respectively, of the 222,414,412 Shares outstanding as reported in publicly available information. As of November 6, 2002, Highfields Capital Management, in its capacity as investment manager of the Funds, had sole voting and dispositive power with respect to all 13,090,198 Shares owned beneficially by the Funds, representing approximately 5.9% of the 222,414,412 Shares outstanding as reported in publicly available information. As of November 6, 2002, Highfields GP, through its control of Highfields Capital Management, had sole voting and dispositive power with respect to all 13,090,198 Shares owned beneficially by Highfields Capital Management, representing approximately 5.9% of the 222,414,412 Shares outstanding as reported in publicly available information. - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 11 of 18 pages - ------------------------ ------------------------ As of November 6, 2002, Mr. Jacobson , in his capacity of a Managing Member of Highfields GP and Managing Director of Highfields Capital Management, had sole voting and dispositive power with respect to all 13,090,198 Shares owned beneficially by Highfields GP, representing approximately 5.9% of the 222,414,412 Shares outstanding as reported in publicly available information. As of November 6, 2002, Mr. Grubman, in his capacity of a Managing Member of Highfields GP and Managing Director of Highfields Capital Management, had sole voting and dispositive power with respect to all 13,090,198 Shares owned beneficially by Highfields GP, representing approximately 5.9% of the 222,414,412 Shares outstanding as reported in publicly available information. (c) Information with respect to all transactions in the Shares beneficially owned by the Reporting Persons which were effected during the past sixty days is set forth in Schedule A attached hereto and incorporated herein by reference. (d) None. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. The Reporting Persons from time to time may establish, modify or terminate cash settled equity or total return swap contracts or other similar derivative interests with one or more counterparties, the return on which contracts may be wholly or partially dependent on the market value of the Shares, the relative value of Shares in comparison to one or more other financial instruments, indexes or securities, a basket or group of securities in which Shares may be included, or a combination of any of the above. Such contracts may be entered into for investment or hedging purposes with respect to a combination of securities or with respect to the Shares, for leverage or other financing purposes, or to achieve best execution. If and to the extent such contracts are entered into, they will not grant to the Reporting Persons any right to acquire or control any voting power or other ownership interest or rights in any Shares, including any Shares that may be acquired or held, sold or otherwise dealt with by the contract counterparty, and accordingly, the Reporting Persons hereby specifically disclaim any beneficial ownership in any securities held or which may be acquired by such counterparty, if any, as well as any obligation to report any transactions in such contracts under this Item 6, or to amend this Item 6 on account of any dealings in such contracts. Except as may be set forth in this Schedule 13D, none of the Reporting Persons has any contract, arrangement, understanding or relationship (legal or otherwise) with any person with respect to any securities of the Company including, but not limited to, any contract, arrangement, understanding or relationship concerning the transfer or the voting of any securities of the Company, joint ventures, loan or option arrangements, puts or calls, guaranties of profits, division of profits or losses, or the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits. None. - ------------------------ ------------------------ CUSIP No. 860831106 13D Page 12 of 18 pages - ------------------------ ------------------------ SIGNATURES After reasonable inquiry and to the best of his, her or its knowledge and belief, each of the persons signing below certifies that the information set forth in this statement is true, complete and correct. Date: November 6, 2002 HIGHFIELDS CAPITAL MANAGEMENT LP ---------------- By: Highfields GP LLC, its General Partner /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory --------------------------------------------- Name/Title HIGHFIELDS GP LLC /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory --------------------------------------------- Name/Title HIGHFIELDS CAPITAL LTD. By: Highfields Capital Management LP, its Investment Manager By: Highfields GP LLC, its General Partner /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory --------------------------------------------- Name/Title JONATHON S. JACOBSON /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Attorney-in-fact --------------------------------------------- Name/Title RICHARD L. GRUBMAN /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Attorney-in-fact --------------------------------------------- Name/Title - ------------------------ --------------------- CUSIP No. 860831106 13D Page 13 of 18 pages - ------------------------ --------------------- Schedule A INFORMATION WITH RESPECT TO TRANSACTIONS OF SHARES BY HIGHFIELDS I DURING THE PAST SIXTY DAYS Number of Shares Date Purchased/(Sold)(1) Price Per Share(2) ---- ------------------- ------------------ 09/20/02 1,075 12.61 09/23/02 19,741 12.45 09/23/02 18,236 12.47 09/23/02 382 12.41 09/24/02 7,613 12.44 09/24/02 8,024 12.49 09/30/02 8,143 12.06 10/01/02 9,066 12.03 10/04/02 4,572 10.33 10/04/02 18,286 11.03 10/04/02 10,972 10.25 10/21/02 9,143 12.40 10/21/02 4,087 12.55 10/21/02 18,286 12.55 10/22/02 11,328 12.82 10/22/02 5,221 12.58 10/22/02 21,560 12.63 10/22/02 9,143 12.63 10/22/02 3,658 12.75 10/22/02 9,290 12.75 10/22/02 9,143 12.63 10/22/02 18,286 12.63 10/23/02 26,770 12.45 10/23/02 11,886 12.45 10/23/02 11,886 12.45 10/23/02 22,857 12.29 10/23/02 23,278 12.50 10/24/02 18,286 13.25 10/24/02 15,726 13.25 10/24/02 55,333 13.25 10/24/02 27,429 13.27 10/25/02 156 13.23 10/25/02 9,143 13.29 10/25/02 18,286 13.29 10/25/02 10,989 13.29 10/25/02 9,143 13.29 10/25/02 13,831 13.10 10/28/02 5,313 13.89 - ------------------------ --------------------- CUSIP No. 860831106 13D Page 14 of 18 pages - ------------------------ --------------------- Number of Shares Date Purchased/(Sold)(1) Price Per Share(2) ---- ------------------- ------------------ 10/28/02 9,143 13.97 10/28/02 18,286 13.97 10/28/02 57,444 13.97 10/29/02 9,143 13.02 10/29/02 22,071 12.99 10/29/02 9,143 13.32 10/29/02 15,699 13.02 10/29/02 13,715 13.05 10/30/02 13,715 12.21 10/30/02 5,761 12.21 10/30/02 13,715 12.21 10/31/02 18,286 11.97 10/31/02 29,852 11.82 10/31/02 84,344 11.85 10/31/02 9,143 11.82 10/31/02 9,143 11.82 10/31/02 9,143 11.82 10/31/02 9,143 11.82 10/31/02 9,143 11.82 11/01/02 9,186 12.01 11/01/02 18,372 12.11 11/01/02 18,372 12.01 11/01/02 21,044 12.01 11/04/02 22,964 13.26 11/04/02 18,711 13.26 11/05/02 27,353 13.12 (1) All purchases/sales were effected through open market or privately negotiated transactions. (2) Prices per Share do not include brokerage commissions. - ------------------------ --------------------- CUSIP No. 860831106 13D Page 15 of 18 pages - ------------------------ --------------------- INFORMATION WITH RESPECT TO TRANSACTIONS OF SHARES BY HIGHFIELDS II DURING THE PAST SIXTY DAYS Number of Shares Date Purchased/(Sold)(1) Price Per Share(2) ---- ------------------- ------------------ 09/20/02 2,326 12.61 09/23/02 828 12.41 09/23/02 39,421 12.47 09/23/02 42,673 12.45 09/24/02 17,345 12.49 09/24/02 16,458 12.44 09/30/02 17,601 12.06 10/01/02 19,443 12.03 10/04/02 9,807 10.33 10/04/02 39,227 11.03 10/04/02 23,536 10.25 10/21/02 39,227 12.55 10/21/02 8,767 12.55 10/21/02 19,613 12.40 10/22/02 19,613 12.63 10/22/02 11,199 12.58 10/22/02 7,845 12.75 10/22/02 19,613 12.63 10/22/02 24,301 12.82 10/22/02 39,227 12.63 10/22/02 19,927 12.75 10/22/02 46,248 12.63 10/23/02 49,034 12.29 10/23/02 57,428 12.45 10/23/02 25,498 12.45 10/23/02 49,936 12.50 10/23/02 25,498 12.45 10/24/02 33,735 13.25 10/24/02 58,840 13.27 10/24/02 118,701 13.25 10/24/02 39,227 13.25 10/25/02 334 13.23 10/25/02 19,614 13.29 10/25/02 25,695 13.10 10/25/02 23,576 13.29 10/25/02 39,226 13.29 10/25/02 19,613 13.29 10/28/02 39,227 13.97 10/28/02 123,233 13.97 10/28/02 19,613 13.97 - ------------------------ --------------------- CUSIP No. 860831106 13D Page 16 of 18 pages - ------------------------ --------------------- Number of Shares Date Purchased/(Sold)(1) Price Per Share(2) ---- ------------------- ------------------ 10/28/02 11,395 13.89 10/29/02 29,420 13.05 10/29/02 19,613 13.02 10/29/02 33,676 13.02 10/29/02 47,347 12.99 10/29/02 19,613 13.32 10/30/02 29,420 12.21 10/30/02 29,420 12.21 10/30/02 12,356 12.21 10/31/02 64,038 11.82 10/31/02 19,613 11.82 10/31/02 180,934 11.85 10/31/02 19,613 11.82 10/31/02 19,613 11.82 10/31/02 19,613 11.82 10/31/02 19,613 11.82 10/31/02 39,227 11.97 11/01/02 45,131 12.01 11/01/02 39,398 12.11 11/01/02 39,398 12.01 11/01/02 19,699 12.01 11/04/02 40,127 13.26 11/04/02 49,248 13.26 11/05/02 58,658 13.12 (1) All purchases/sales were effected through open market or privately negotiated transactions. (2) Prices per Share do not include brokerage commissions. - ------------------------ --------------------- CUSIP No. 860831106 13D Page 17 of 18 pages - ------------------------ --------------------- INFORMATION WITH RESPECT TO TRANSACTIONS OF SHARES BY HIGHFIELDS LTD. DURING THE PAST SIXTY DAYS Number of Shares Date Purchased/(Sold)(1) Price Per Share(2) ---- ------------------- ------------------ 09/20/02 8,399 12.61 09/23/02 142,343 12.47 09/23/02 154,086 12.45 09/23/02 2,990 12.41 09/24/02 62,631 12.49 09/24/02 59,429 12.44 09/30/02 63,556 12.06 10/01/02 71,491 12.03 10/04/02 85,492 10.25 10/04/02 35,621 10.33 10/04/02 142,487 11.03 10/21/02 142,487 12.55 10/21/02 31,846 12.55 10/21/02 71,244 12.40 10/22/02 88,271 12.82 10/22/02 72,383 12.75 10/22/02 40,680 12.58 10/22/02 28,497 12.75 10/22/02 142,487 12.63 10/22/02 71,244 12.63 10/22/02 71,244 12.63 10/22/02 167,991 12.63 10/23/02 208,601 12.45 10/23/02 92,616 12.45 10/23/02 178,109 12.29 10/23/02 181,386 12.50 10/23/02 92,616 12.45 10/24/02 213,731 13.27 10/24/02 122,539 13.25 10/24/02 142,487 13.25 10/24/02 431,166 13.25 10/25/02 71,244 13.29 10/25/02 105,474 13.10 10/25/02 71,243 13.29 10/25/02 1,210 13.23 10/25/02 142,488 13.29 10/25/02 85,635 13.29 10/28/02 (20,000) 13.98 10/28/02 142,487 13.97 10/28/02 41,392 13.89 - ------------------------ --------------------- CUSIP No. 860831106 13D Page 18 of 18 pages - ------------------------ --------------------- Number of Shares Date Purchased/(Sold)(1) Price Per Share(2) ---- ------------------- ------------------ 10/28/02 467,623 13.97 10/28/02 71,244 13.97 10/29/02 71,244 13.02 10/29/02 106,865 13.05 10/29/02 171,982 12.99 10/29/02 71,244 13.32 10/29/02 122,325 13.02 10/30/02 44,883 12.21 10/30/02 106,865 12.21 10/30/02 106,865 12.21 10/31/02 71,244 11.82 10/31/02 232,610 11.82 10/31/02 71,244 11.82 10/31/02 71,244 11.82 10/31/02 657,222 11.85 10/31/02 71,244 11.82 10/31/02 142,487 11.97 10/31/02 71,244 11.82 11/01/02 162,925 12.01 11/01/02 71,115 12.01 11/01/02 142,230 12.11 11/01/02 142,230 12.01 11/04/02 144,862 13.26 11/04/02 177,788 13.26 11/05/02 211,789 13.12 (1) All purchases/sales were effected through open market or privately negotiated transactions. (2) Prices per Share do not include brokerage commissions. -----END PRIVACY-ENHANCED MESSAGE-----