0001062993-13-000782.txt : 20130214 0001062993-13-000782.hdr.sgml : 20130214 20130214172519 ACCESSION NUMBER: 0001062993-13-000782 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 GROUP MEMBERS: HIGHFIELDS ASSOCIATES LLC GROUP MEMBERS: HIGHFIELDS CAPITAL I LP GROUP MEMBERS: HIGHFIELDS CAPITAL II LP GROUP MEMBERS: HIGHFIELDS CAPITAL III L.P. GROUP MEMBERS: HIGHFIELDS CAPITAL MANAGEMENT LP GROUP MEMBERS: HIGHFIELDS GP LLC GROUP MEMBERS: JONATHON S. JACOBSON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SLM CORP CENTRAL INDEX KEY: 0001032033 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 522013874 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51535 FILM NUMBER: 13616174 BUSINESS ADDRESS: STREET 1: 300 CONTINENTAL DRIVE CITY: NEWARK STATE: DE ZIP: 19713 BUSINESS PHONE: (302) 283-8000 MAIL ADDRESS: STREET 1: 300 CONTINENTAL DRIVE CITY: NEWARK STATE: DE ZIP: 19713 FORMER COMPANY: FORMER CONFORMED NAME: SALLIE MAE DATE OF NAME CHANGE: 20020517 FORMER COMPANY: FORMER CONFORMED NAME: USA EDUCATION INC DATE OF NAME CHANGE: 20000801 FORMER COMPANY: FORMER CONFORMED NAME: SLM HOLDING CORP DATE OF NAME CHANGE: 19970203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHFIELDS CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001079563 IRS NUMBER: 043419481 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 200 CLARENDON STREET 59TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 6178507500 MAIL ADDRESS: STREET 1: 200 CLARENDON STREET 59TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 SC 13G/A 1 sched13ga-slm.htm SCHEDULE 13G/A SLM Corp.: Schedule 13G/A - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934
(Amendment No. 5)*

SLM CORPORATION
(Name of Issuer)

COMMON STOCK, $0.20 PAR VALUE
(Title of Class of Securities)

78442P106
(CUSIP Number)

DECEMBER 31, 2012
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[   ] Rule 13d-1(b)

[X] Rule 13d-1(c)

[   ] Rule 13d-1(d)

* 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 the disclosures provided in a prior cover page.
 
The information required in 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. 78442P106 13G/A Page 2 of 19 Pages

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Capital Management LP  
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  
  (a) [   ]      
  (b) [X]      
3. SEC USE ONLY  
         
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
         
                     Delaware  
         
5. SOLE VOTING POWER  
     
NUMBER OF                      39,616,773  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                      -0-  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                      39,616,773  
WITH 8. SHARED DISPOSITIVE POWER  
     
                     -0-  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     39,616,773  
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES           
[   ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                      8.6%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                     PN      



CUSIP No. 78442P106 13G/A Page 3 of 19 Pages

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields GP LLC  
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  
  (a) [   ]      
  (b) [X]      
3. SEC USE ONLY  
         
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
         
                      Delaware  
         
5. SOLE VOTING POWER  
     
NUMBER OF                      39,616,773  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                      -0-  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                     39,616,773  
WITH 8. SHARED DISPOSITIVE POWER  
     
                     -0-  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     39,616,773  
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES           
[   ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                      8.6%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                      OO      



CUSIP No. 78442P106 13G/A Page 4 of 19 Pages

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Associates LLC  
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  
  (a) [   ]      
  (b) [X]      
3. SEC USE ONLY  
         
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
         
                      Delaware  
         
5. SOLE VOTING POWER  
     
NUMBER OF                      39,616,773  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                      -0-  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                     39,616,773  
WITH 8. SHARED DISPOSITIVE POWER  
     
                     -0-  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     39,616,773  
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES           
[   ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                      8.6%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                      OO      



CUSIP No. 78442P106 13G/A Page 5 of 19 Pages

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Jonathon S. Jacobson  
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  
  (a) [   ]      
  (b) [X]      
3. SEC USE ONLY  
         
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
         
                      United States  
         
5. SOLE VOTING POWER  
     
NUMBER OF                      39,616,773  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                      -0-  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                     39,616,773  
WITH 8. SHARED DISPOSITIVE POWER  
     
                     -0-  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     39,616,773  
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES           
[   ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                     8.6%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                      IN      



CUSIP No. 78442P106 13G/A Page 6 of 19 Pages

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Capital I LP  
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  
  (a) [   ]      
  (b) [X]      
3. SEC USE ONLY  
         
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
         
                      Delaware  
         
5. SOLE VOTING POWER  
     
NUMBER OF                      3,299,015  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                      -0-  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                     3,299,015  
WITH 8. SHARED DISPOSITIVE POWER  
     
                     -0-  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     3,299,015  
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES           
[X]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                      0.7%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                      PN      



CUSIP No. 78442P106 13G/A Page 7 of 19 Pages

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Capital II LP  
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  
  (a) [   ]      
  (b) [X]      
3. SEC USE ONLY  
         
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
         
                      Delaware  
         
5. SOLE VOTING POWER  
     
NUMBER OF                      8,514,057  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                      -0-  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                     8,514,057  
WITH 8. SHARED DISPOSITIVE POWER  
     
                     -0-  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     8,514,057  
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES           
[X]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                      1.8%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                      PN      



CUSIP No. 78442P106 13G/A Page 8 of 19 Pages

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Capital III L.P.  
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  
  (a) [   ]      
  (b) [X]      
3. SEC USE ONLY  
         
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
         
                      Cayman Islands  
         
5. SOLE VOTING POWER  
     
NUMBER OF                      27,803,701  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                      -0-  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                     27,803,701  
WITH 8. SHARED DISPOSITIVE POWER  
     
                     -0-  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     27,803,701  
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES           
[X]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                      6.0%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                      PN      



CUSIP No. 78442P106 13G/A Page 9 of 19 Pages

Item 1 (a). Name of Issuer:
      
    SLM Corporation (the “Issuer”)
      
Item 1 (b). Address of Issuer’s Principal Executive Offices:
      
    300 Continental Drive, Newark, Delaware 19713
      
Item 2     (a). Name of Person Filing:
      

This statement is being filed by the following persons with respect to the shares of common stock (“Common Stock”) of the Issuer directly owned by Highfields Capital I LP (“Highfields I”), Highfields Capital II LP (“Highfields II”) and Highfields Capital III L.P. (“Highfields III” and, together with Highfields I and Highfields II, the “Funds”):


  (i)

Highfields Capital Management LP, a Delaware limited partnership (“Highfields Capital Management”) and investment manager to each of the Funds;

     
  (ii)

Highfields GP LLC, a Delaware limited liability company (“Highfields GP”) and the General Partner of Highfields Capital Management;

     
  (iii)

Highfields Associates LLC, a Delaware limited liability company (“Highfields Associates”) and the General Partner of the Funds;

     
  (iv)

Jonathon S. Jacobson, the Managing Member of Highfields GP and the Senior Managing Member of Highfields Associates;

     
  (v)

Highfields I, a Delaware limited partnership;

     
  (vi)

Highfields II, a Delaware limited partnership; and

     
  (vii)

Highfields III, an exempted limited partnership organized under the laws of the Cayman Islands.


Highfields Capital Management, Highfields GP, Highfields Associates, Mr. Jacobson, Highfields I, Highfields II and Highfields III are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”
     
Item 2     (b). Address of Principal Business Office or, if None, Residence:
     
Address for Highfields Capital Management, Highfields GP, Highfields Associates, Mr. Jacobson, Highfields I and Highfields II:
     
    c/o Highfields Capital Management LP
    John Hancock Tower
    200 Clarendon Street, 59th Floor
    Boston, Massachusetts 02116



CUSIP No. 78442P106 13G/A Page 10 of 19 Pages

    Address for Highfields III:
     
    c/o State Street (Cayman) Trust Limited, d/b/a International Fund Services
    Suite 3307, Gardenia Court
    45 Market Street, Camana Bay
    P.O. Box 896
    Grand Cayman KY1-1103
    Cayman Islands
     
Item 2 (c). Citizenship:
     
    Highfields Capital Management – Delaware
    Highfields GP – Delaware
    Highfields Associates – Delaware
    Jonathon S. Jacobson – United States
  Highfields I – Delaware  
  Highfields II – Delaware  
    Highfields III – Cayman Islands
     
Item 2 (d). Title of Class of Securities:
     
    Common Stock, $0.20 par value
     
Item 2 (e). CUSIP Number:
     
    78442P106
     
Item 3.    Not applicable.



CUSIP No. 78442P106 13G/A Page 11 of 19 Pages

Item 4.    Ownership.
   
For Highfields Capital Management, Highfields GP, Highfields Associates, and Mr. Jacobson:

  (a)

Amount beneficially owned: 39,616,773 shares of Common Stock

       
  (b)

Percent of class: 8.6%

       
  (c)

Number of shares as to which such person has:

       
  (i)

Sole power to vote or to direct the vote: 39,616,773

       
  (ii)

Shared power to vote or to direct the vote: -0-

       
  (iii)

Sole power to dispose or to direct the disposition of: 39,616,773

       
  (iv)

Shared power to dispose or to direct the disposition of: -0-

For Highfields I:

  (a)

Amount beneficially owned: 3,299,015 shares of Common Stock

       
  (b)

Percent of class: 0.7%

       
  (c)

Number of shares as to which such person has:

       
  (i)

Sole power to vote or to direct the vote: 3,299,015

       
  (ii)

Shared power to vote or to direct the vote: -0-

       
  (iii)

Sole power to dispose or to direct the disposition of: 3,299,015

       
  (iv)

Shared power to dispose or to direct the disposition of: -0-

For Highfields II:

  (a)

Amount beneficially owned: 8,514,057 shares of Common Stock

     
  (b)

Percent of class: 1.8 %

     
  (c)

Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 8,514,057




CUSIP No. 78442P106 13G/A Page 12 of 19 Pages

  (ii)

Shared power to vote or to direct the vote: -0-

     
  (iii)

Sole power to dispose or to direct the disposition of: 8,514,057

     
  (iv)

Shared power to dispose or to direct the disposition of: -0-

For Highfields III:

  (a)

Amount beneficially owned: 27,803,701 shares of Common Stock

       
  (b)

Percent of class: 6.0 %

       
  (c)

Number of shares as to which such person has:

       
  (i)

Sole power to vote or to direct the vote: 27,803,701

       
  (ii)

Shared power to vote or to direct the vote: -0-

       
  (iii)

Sole power to dispose or to direct the disposition of: 27,803,701

       
  (iv)

Shared power to dispose or to direct the disposition of: -0-




CUSIP No. 78442P106 13G/A Page 13 of 19 Pages

Item 5. Ownership of Five Percent or Less of a Class.
   
Not applicable.
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
   

The shares of Common Stock beneficially owned by Highfields Capital Management, Highfields GP, Highfields Associates, and Mr. Jacobson are directly owned by the Funds. Highfields Capital Management serves as the investment manager to each of the Funds. Each of Highfields Capital Management, Highfields GP, Highfields Associates, and Mr. Jacobson has the power to direct the receipt of dividends from or the proceeds from the sale of the shares of Common Stock owned by the Funds.

   

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

   
  Not applicable.
   
Item 8. Identification and Classification of Members of the Group.
   
See Exhibit 2 attached hereto.
   
Each Reporting Person disclaims beneficial ownership of the shares of Common Stock beneficially owned by the other Reporting Persons.
   
Item 9. Notice of Dissolution of Group.
   
Not applicable.
   
Item 10.   Certification.
   

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.




CUSIP No. 78442P106 13G/A Page 14 of 19 Pages

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.

  February 14, 2013
  Date
     
  HIGHFIELDS CAPITAL MANAGEMENT LP
    
  By: Highfields GP LLC, its General Partner
    
  /s/ Joseph F. Mazzella
  Signature
    
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
     
  HIGHFIELDS GP LLC
    
  /s/ Joseph F. Mazzella
  Signature
     
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
     
  HIGHFIELDS ASSOCIATES LLC
    
  /s/ Joseph F. Mazzella
  Signature
    
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
     
  JONATHON S. JACOBSON
  /s/ Joseph F. Mazzella*
  Signature
    
  Joseph F. Mazzella, Attorney in Fact
  Name/Title
    
  * by power of attorney



CUSIP No. 78442P106 13G/A Page 15 of 19 Pages

  HIGHFIELDS CAPITAL I LP
    
By: Highfields Associates LLC, its General Partner
    
  /s/ Joseph F. Mazzella
  Signature
   
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
     
  HIGHFIELDS CAPITAL II LP
    
By: Highfields Associates LLC, its General Partner
    
  /s/ Joseph F. Mazzella
  Signature
     
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
     
  HIGHFIELDS CAPITAL III L.P.
   
By: Highfields Associates LLC, its General Partner
    
  /s/ Joseph F. Mazzella
  Signature
     
  Joseph F. Mazzella, Authorized Signatory
  Name/Title



CUSIP No. 78442P106 13G/A Page 16 of 19 Pages

EXHIBIT INDEX

Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.
   
Exhibit 2. List of Members of Group



CUSIP No. 78442P106 13G/A Page 17 of 19 Pages

Exhibit 1

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe such information is inaccurate.

  February 14, 2013
  Date
     
  HIGHFIELDS CAPITAL MANAGEMENT LP
    
  By: Highfields GP LLC, its General Partner
   
  /s/ Joseph F. Mazzella
  Signature
    
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
    
  HIGHFIELDS GP LLC
   
  /s/ Joseph F. Mazzella
  Signature
   
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
    
  HIGHFIELDS ASSOCIATES LLC
   
  /s/ Joseph F. Mazzella
  Signature
    
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
   
  JONATHON S. JACOBSON
   
  /s/ Joseph F. Mazzella*
  Signature



CUSIP No. 78442P106 13G/A Page 18 of 19 Pages

  Joseph F. Mazzella, Attorney in Fact
  Name/Title
    
  * by power of attorney
   
  HIGHFIELDS CAPITAL I LP
   
  By: Highfields Associates LLC, its General Partner
   
  /s/ Joseph F. Mazzella
  Signature
   
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
    
  HIGHFIELDS CAPITAL II LP
   
  By: Highfields Associates LLC, its General Partner
   
  /s/ Joseph F. Mazzella
  Signature
   
  Joseph F. Mazzella, Authorized Signatory
  Name/Title
    
  HIGHFIELDS CAPITAL III L.P.
   
  By: Highfields Associates LLC, its General Partner
    
  /s/ Joseph F. Mazzella
  Signature
   
  Joseph F. Mazzella, Authorized Signatory
  Name/Title



CUSIP No. 78442P106 13G/A Page 19 of 19 Pages

Exhibit 2

MEMBERS OF GROUP

Highfields Capital Management LP
Highfields GP LLC
Highfields Associates LLC
Jonathon S. Jacobson
Highfields Capital I LP
Highfields Capital II LP
Highfields Capital III L.P.