-----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, Du8MMdRjEimF3EQewr2CzDixoWZQV24ijetNVrDNVFLP8puMZFA0vZve3iYBZPda KkFG/C0kKLunCmT38ECKnw== 0000891836-06-000168.txt : 20060510 0000891836-06-000168.hdr.sgml : 20060510 20060510170454 ACCESSION NUMBER: 0000891836-06-000168 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060510 DATE AS OF CHANGE: 20060510 GROUP MEMBERS: JOHN SCULLY GROUP MEMBERS: SAN FRANCISCO PARTNERS II, L.P. GROUP MEMBERS: SF ADVISORY PARTNERS, L.P. GROUP MEMBERS: SPO ADVISORY CORP. GROUP MEMBERS: SPO ADVISORY PARTNERS, L.P. GROUP MEMBERS: WILLIAM E. OBERNDORF GROUP MEMBERS: WILLIAM J. PATTERSON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LAMAR ADVERTISING CO/NEW CENTRAL INDEX KEY: 0001090425 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311] IRS NUMBER: 721449411 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58057 FILM NUMBER: 06827136 BUSINESS ADDRESS: STREET 1: C/O LAMAR ADVERTISING COMPANY STREET 2: 5551 CORPORATE BOULEVARD CITY: BATON ROUGE STATE: LA ZIP: 70808 BUSINESS PHONE: 2259261000 MAIL ADDRESS: STREET 1: C/O LAMAR ADVERTISING COMPANY STREET 2: 5551 CORPORATE BOULEVARD CITY: BATON ROUGE STATE: LA ZIP: 70808 FORMER COMPANY: FORMER CONFORMED NAME: LAMAR NEW HOLDING CO DATE OF NAME CHANGE: 19990716 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SPO PARTNERS II LP CENTRAL INDEX KEY: 0001046206 IRS NUMBER: 752377615 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 591 REDWOOD HIGHWAY STE 3215 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153836600 MAIL ADDRESS: STREET 1: 591 REDWOOD HIGHWAY, 3215 CITY: MILL VALLEY STATE: CA ZIP: 94941 FORMER COMPANY: FORMER CONFORMED NAME: MAIN STREET PARTNERS LP DATE OF NAME CHANGE: 19970916 SC 13D/A 1 sc0081.txt AMENDMENT NO. 1 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* LAMAR ADVERTISING COMPANY (Name of Issuer) CLASS A COMMON STOCK, PAR VALUE $0.001 PER SHARE (Title of Class of Securities) 512815101 (CUSIP Number) SPO Advisory Corp. 591 Redwood Highway, Suite 3215 Mill Valley, California 94941 (415) 383-6600 with a copy to: Alison S. Ressler Sullivan & Cromwell LLP 1888 Century Park East Los Angeles, California 90067-1725 (310) 712-6600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) MAY 8, 2006 (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 |_|. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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). Page 1 of 18 pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SPO Partners II, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) |_| - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 6,531,500 (1) ------------------------------------------------------ Number Of Shares 8. SHARED VOTING POWER Beneficially Owned By -0- Each Reporting Person ------------------------------------------------------ With 9. SOLE DISPOSITIVE POWER 6,531,500 (1) ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,531,500 (1) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (1) Power is exercised through its sole general partner, SPO Advisory Partners, L.P. CUSIP No. 512815101 Page 2 of 18 pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SPO Advisory Partners, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) |_| - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 6,531,500 (1)(2) ------------------------------------------------------ Number Of Shares 8. SHARED VOTING POWER Beneficially Owned By -0- Each Reporting Person ------------------------------------------------------ With 9. SOLE DISPOSITIVE POWER 6,531,500 (1)(2) ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,531,500 (1)(2) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (1) Solely in its capacity as the sole general partner of SPO Partners II, L.P. (2) Power is exercised through its sole general partner, SPO Advisory Corp. CUSIP No. 512815101 Page 3 of 18 pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON San Francisco Partners II, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) |_| - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 404,130 (1) ------------------------------------------------------ Number Of Shares 8. SHARED VOTING POWER Beneficially Owned By -0- Each Reporting Person ------------------------------------------------------ With 9. SOLE DISPOSITIVE POWER 404,130 (1) ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 404,130 (1) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (1) Power is exercised through its sole general partner, SF Advisory Partners, L.P. CUSIP No. 512815101 Page 4 of 18 pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SF Advisory Partners, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) |_| - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 404,130 (1)(2) ------------------------------------------------------ Number Of Shares 8. SHARED VOTING POWER Beneficially Owned By -0- Each Reporting Person ------------------------------------------------------ With 9. SOLE DISPOSITIVE POWER 404,130 (1)(2) ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 404,130 (1)(2) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (1) Solely in its capacity as the sole general partner of San Francisco Partners II, L.P. (2) Power is exercised through its sole general partner, SPO Advisory Corp. CUSIP No. 512815101 Page 5 of 18 pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SPO Advisory Corp. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) |_| - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 6,935,630 (1)(2) ------------------------------------------------------ Number Of Shares 8. SHARED VOTING POWER Beneficially Owned By -0- Each Reporting Person ------------------------------------------------------ With 9. SOLE DISPOSITIVE POWER 6,935,630 (1)(2) ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,935,630 (1)(2) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (1) Solely in its capacity as the sole general partner of SPO Advisory Partners, L.P. with respect to 6,531,500 of such shares; and solely in its capacity as the sole general partner of SF Advisory Partners, L.P. with respect to 404,130 of such shares. (2) Power is exercised through its three controlling persons, John H. Scully, William E. Oberndorf and William J. Patterson. CUSIP No. 512815101 Page 6 of 18 pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON John Scully - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) |_| - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER -0- ------------------------------------------------------ Number Of Shares 8. SHARED VOTING POWER Beneficially Owned By 6,935,630 (1) Each Reporting Person ------------------------------------------------------ With 9. SOLE DISPOSITIVE POWER -0- ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER 6,935,630 (1) - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,935,630 (1) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- (1) These shares may be deemed to be beneficially owned by Mr. Scully solely in his capacity as one of three controlling persons of SPO Advisory Corp. CUSIP No. 512815101 Page 7 of 18 pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON William E. Oberndorf - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) |_| - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER -0- ------------------------------------------------------ Number Of Shares 8. SHARED VOTING POWER Beneficially Owned By 6,935,630 (1) Each Reporting Person ------------------------------------------------------ With 9. SOLE DISPOSITIVE POWER -0- ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER 6,935,630 (1) - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,935,630 (1) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- (1) These shares may be deemed to be beneficially owned by Mr. Oberndorf solely in his capacity as one of three controlling persons of SPO Advisory Corp. CUSIP No. 512815101 Page 8 of 18 pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON William J. Patterson - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) |_| - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER -0- ------------------------------------------------------ Number Of Shares 8. SHARED VOTING POWER Beneficially Owned By 6,935,630 (1) Each Reporting Person ------------------------------------------------------ With 9. SOLE DISPOSITIVE POWER -0- ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER 6,935,630 (1) - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,935,630 (1) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- (1) These shares may be deemed to be beneficially owned by Mr. Patterson solely in his capacity as one of three controlling persons of SPO Advisory Corp. Page 9 of 18 pages This Amendment No. 1 amends the Schedule 13D (the "Original 13D") filed with the Securities and Exchange Commission ("SEC") on August 22, 2005. Unless otherwise stated herein, the Original 13D remains in full force and effect. Terms used therein and not defined herein shall have the meanings ascribed thereto in the Original 13D. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is hereby amended and restated in its entirety as follows: The source and amount of the funds used or to be used by the Reporting Persons to purchase Shares are as follows:
NAME SOURCE OF FUNDS AMOUNT OF FUNDS - --------------------- --------------------------- --------------- SPO Contributions from Partners $282,923,019 SPO Advisory Partners Not Applicable Not Applicable SFP Contributions from Partners $16,946,284 SF Advisory Partners Not Applicable Not Applicable SPO Advisory Corp. Not Applicable Not Applicable JHS Not Applicable Not Applicable WEO Not Applicable Not Applicable WJP Not Applicable Not Applicable
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) Percentage interest calculations for each Reporting Person are based upon the Issuer having 88,229,697 total outstanding shares of Class A common stock as reported on the Issuer's Schedule 14A filed with the Securities and Exchange Commission on April 26, 2006. SPO The aggregate number of Shares that SPO owns beneficially, pursuant to Rule 13d-3 of the Act, is 6,531,500 Shares, which constitutes approximately 7.4% of the outstanding Shares. SPO Advisory Partners Because of its position as the sole general partner of SPO, SPO Advisory Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 6,531,500 Shares, which constitutes approximately 7.4% of the outstanding Shares. SFP The aggregate number of Shares that SFP owns beneficially, pursuant to Rule 13d-3 of the Act, is 404,130 Shares, which constitutes approximately 0.5% of the outstanding Shares. Page 10 of 18 pages SF Advisory Partners Because of its position as the sole general partner of SFP, SF Advisory Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 404,130 Shares, which constitutes approximately 0.5% of the outstanding Shares. SPO Advisory Corp. Because of its positions as the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, SPO Advisory Corp. may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 6,935,630 Shares in the aggregate, which constitutes approximately 7.9% of the outstanding Shares. JHS Because of his position as a control person of SPO Advisory Corp., JHS may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 6,935,630 Shares, which constitutes approximately 7.9% of the outstanding Shares. WEO Because of his position as a control person of SPO Advisory Corp., WEO may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 6,935,630 Shares, which constitutes approximately 7.9% of the outstanding Shares. WJP Because of his position as a control person of SPO Advisory Corp., WJP may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 6,935,630 Shares, which constitutes approximately 7.9% of the outstanding Shares. 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 hereof is the beneficial owner of any Shares. (b) SPO Acting through its sole general partner, SPO has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 6,531,500 Shares. SPO Advisory Partners Acting through its sole general partner and in its capacity as the sole general partner of SPO, SPO Advisory Partners has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 6,531,500 Shares. SFP Acting through its sole general partner, SFP has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 404,130 Shares. Page 11 of 18 pages SF Advisory Partners Acting through its sole general partner and in its capacity as the sole general partner of SFP, SF Advisory Partners has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 404,130 Shares. SPO Advisory Corp. Acting through its controlling persons and in its capacities as the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, SPO Advisory Corp. has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 6,935,630 Shares in the aggregate. JHS As one of three controlling persons of SPO Advisory Corp., which is the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, JHS may be deemed to have shared power with WEO and WJP to vote or to direct the vote and to dispose or to direct the disposition of 6,935,630 Shares held by SPO and SFP in the aggregate. WEO As one of three controlling persons of SPO Advisory Corp., which is the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, WEO may be deemed to have shared power with JHS and WJP to vote or to direct the vote and to dispose or to direct the disposition of 6,935,630 Shares held by SPO and SFP in the aggregate. WJP As one of three controlling persons of SPO Advisory Corp., which is the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, WJP may be deemed to have shared power with JHS and WEO to vote or to direct the vote and to dispose or to direct the disposition of 6,935,630 Shares held by SPO and SFP in the aggregate. (c) Within the past 60 days of the date of this statement, Reporting Persons purchased Shares in open market transactions on the Nasdaq National Market as set forth on Schedule I attached hereto. Except as set forth in this paragraph (c), to the best of the knowledge of each of the Reporting Persons, none of the persons named in response to paragraph (a) has effected any transactions in Shares during the past 60 days. (d) Each of the Reporting Persons affirms that no person other than such Reporting Person has the right to receive or the power to direct the receipt of distributions with respect to, or the proceeds from the sale of, Shares owned by such Reporting Person. (e) Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Item 7 is hereby amended and restated in its entirety as follows: Exhibit A: Agreement pursuant to Rule 13d-1 (k) Page 12 of 18 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. Dated May 10, 2006 By: /s/ Kim M. Silva -------------------------------- Kim M. Silva Attorney-in-Fact for: SPO PARTNERS II, L.P.(1) SPO ADVISORY PARTNERS, L.P.(1) SAN FRANCISCO PARTNERS II, L.P.(1) SF ADVISORY PARTNERS, L.P.(1) SPO ADVISORY CORP.(1) JOHN H. SCULLY(1) WILLIAM E. OBERNDORF(1) WILLIAM J. PATTERSON(1) (1) A Power of Attorney authorizing Kim M. Silva to act on behalf of this person or entity has been previously filed with the Securities and Exchange Commission.
Page 13 of 18 pages SCHEDULE I TO SCHEDULE 13D FOR SPO PARTNERS II, L.P. DATE OF PRICE PER WHERE/HOW REPORTING PERSON TRANSACTION TYPE NUMBER OF SHARES SHARE ($) TRANSACTION EFFECTED - --------------------------- ----------- ---- ---------------- --------- -------------------- SPO Partners II, L.P. 5/1/2006 Buy 400 54.40 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 19,154 54.41 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 400 54.42 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 46 54.43 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 11,728 54.44 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 5,000 54.45 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 699 54.46 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 1,102 54.47 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 245 54.49 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 20,566 54.52 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 6,698 54.53 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 7,402 54.54 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 51 54.60 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 341 54.62 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 700 54.63 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 2,100 54.64 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 11,068 54.65 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 4,000 54.70 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 100 54.72 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 1,100 54.73 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 3,400 54.74 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 1,200 54.75 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 200 54.76 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 100 54.77 Open Market/Broker SPO Partners II, L.P. 5/1/2006 Buy 2,200 54.79 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 500 54.45 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 500 54.46 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 133 54.49 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 867 54.50 Open Market/Broker
Page 14 of 18 pages SCHEDULE I TO SCHEDULE 13D FOR SPO PARTNERS II, L.P. DATE OF PRICE PER WHERE/HOW REPORTING PERSON TRANSACTION TYPE NUMBER OF SHARES SHARE ($) TRANSACTION EFFECTED - --------------------------- ----------- ---- ---------------- --------- -------------------- SPO Partners II, L.P. 5/2/2006 Buy 2,000 54.60 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 517 54.90 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 2,000 54.99 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 2,000 55.00 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 1,000 55.20 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 200 55.24 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 783 55.26 Open Market/Broker SPO Partners II, L.P. 5/2/2006 Buy 1,000 55.30 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 1,000 54.75 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 14,400 54.85 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 51 54.86 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 3,949 54.87 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 3,527 54.88 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 1,361 54.89 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 49,140 54.90 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 2,100 54.92 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 400 54.93 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 2,500 54.94 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 7,334 54.95 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 196 54.96 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 4,500 54.97 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 5,100 54.98 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 100 54.99 Open Market/Broker SPO Partners II, L.P. 5/3/2006 Buy 34,342 55.00 Open Market/Broker SPO Partners II, L.P. 5/4/2006 Buy 900 54.90 Open Market/Broker SPO Partners II, L.P. 5/4/2006 Buy 100 54.94 Open Market/Broker SPO Partners II, L.P. 5/4/2006 Buy 15,000 55.00 Open Market/Broker SPO Partners II, L.P. 5/5/2006 Buy 2,966 54.98 Open Market/Broker SPO Partners II, L.P. 5/5/2006 Buy 1,034 55.00 Open Market/Broker
Page 15 of 18 pages SCHEDULE I TO SCHEDULE 13D FOR SPO PARTNERS II, L.P. DATE OF PRICE PER WHERE/HOW REPORTING PERSON TRANSACTION TYPE NUMBER OF SHARES SHARE ($) TRANSACTION EFFECTED - --------------------------- ----------- ---- ---------------- --------- -------------------- SPO Partners II, L.P. 5/8/2006 Buy 902 55.53 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 2,000 55.56 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 200 55.57 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 500 55.58 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 3,095 55.60 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 6,464 55.64 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 399 55.65 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 1,000 55.66 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 4,022 55.67 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 306 55.73 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 100 55.75 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 10,602 55.80 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 310 55.85 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 230 55.99 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 32,590 56.00 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 26,000 56.20 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 2,000 56.25 Open Market/Broker SPO Partners II, L.P. 5/8/2006 Buy 9,180 56.25 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 5,000 55.04 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 5,000 55.05 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 1,000 55.06 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 1,200 55.18 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 2,900 55.20 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 1,401 55.20 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 2,611 55.23 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 515 55.23 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 2,988 55.29 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 600 55.32 Open Market/Broker
Page 16 of 18 pages SCHEDULE I TO SCHEDULE 13D FOR SPO PARTNERS II, L.P. DATE OF PRICE PER WHERE/HOW REPORTING PERSON TRANSACTION TYPE NUMBER OF SHARES SHARE ($) TRANSACTION EFFECTED - --------------------------- ----------- ---- ---------------- --------- -------------------- SPO Partners II, L.P. 5/9/2006 Buy 700 55.48 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 2,130 55.49 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 10,000 55.50 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 32,485 55.50 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 3,900 55.52 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 1,100 55.59 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 3,300 55.63 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 3,100 55.71 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 1,600 55.73 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 700 55.85 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 2,270 55.89 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 521 55.91 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 400 55.93 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 5,000 55.97 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 2,397 55.98 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 3,082 55.98 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 1,400 55.99 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 2,300 55.99 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 400 56.00 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 1,668 56.05 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 3,032 56.11 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 2,583 56.11 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 2,500 56.13 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 1,300 56.14 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 900 56.15 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 5,000 56.18 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 5,000 56.20 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 317 56.20 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 1,100 57.18 Open Market/Broker SPO Partners II, L.P. 5/9/2006 Buy 8,101 57.20 Open Market/Broker
Page 17 of 18 pages SCHEDULE I TO SCHEDULE 13D FOR SPO PARTNERS II, L.P. DATE OF PRICE PER WHERE/HOW REPORTING PERSON TRANSACTION TYPE NUMBER OF SHARES SHARE ($) TRANSACTION EFFECTED - --------------------------- ----------- ---- ---------------- --------- -------------------- SPO Partners II, L.P. 5/9/2006 Buy 2,899 57.25 SPO Partners II, L.P. 5/9/2006 Buy 19,339 57.84 SPO Partners II, L.P. 5/9/2006 Buy 5,000 57.88 SPO Partners II, L.P. 5/9/2006 Buy 10,000 57.95 SPO Partners II, L.P. 5/9/2006 Buy 10,000 57.99 SPO Partners II, L.P. 5/9/2006 Buy 5,000 58.00 SPO Partners II, L.P. 5/9/2006 Buy 10,000 58.00 SPO Partners II, L.P. 5/9/2006 Buy 3,525 58.00 SPO Partners II, L.P. 5/9/2006 Buy 30,318 58.00 SPO Partners II, L.P. 5/9/2006 Buy 9,200 58.01 SPO Partners II, L.P. 5/9/2006 Buy 8,693 58.02 SPO Partners II, L.P. 5/9/2006 Buy 992 58.03 SPO Partners II, L.P. 5/9/2006 Buy 1,699 58.04 SPO Partners II, L.P. 5/9/2006 Buy 5,834 58.05 SPO Partners II, L.P. 5/9/2006 Buy 400 58.07 SPO Partners II, L.P. 5/9/2006 Buy 5,600 58.08
Page 18 of 18 pages EXHIBIT INDEX EXHIBIT DOCUMENT DESCRIPTION PAGE NO. - ------- -------------------- -------- A Agreement Pursuant to Rule 13d-1 (k) 1 EX-99.A 2 ex-a.txt AGREEMENT EXHIBIT A Pursuant to Rule 13d-1(k) of Regulation 13D-G of the General Rules and Regulations of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, the undersigned agrees that the statement to which this Exhibit is attached is filed on behalf of each of them in the capacities set forth below. Dated: May 10, 2006 By: /s/ Kim M. Silva -------------------------- Kim M. Silva Attorney-in-Fact for: SPO PARTNERS II, L.P.(1) SPO ADVISORY PARTNERS, L.P.(1) SAN FRANCISCO PARTNERS II, L.P.(1) SF ADVISORY PARTNERS, L.P.(1) SPO ADVISORY CORP.(1) JOHN H. SCULLY(1) WILLIAM E. OBERNDORF(1) WILLIAM J. PATTERSON(1) (1) A Power of Attorney authorizing Kim M. Silva to act on behalf of this person or entity has been previously filed with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----