-----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, Ap1btab6kjPFroqPNAcKFfAQ1MGtDuYl/PKu0MlxT30t1rZ4mE1Wnkb0iBJZ7kJv jF8J9BfBX3Ib1VatU2shOQ== 0000895345-06-000501.txt : 20060519 0000895345-06-000501.hdr.sgml : 20060519 20060519094446 ACCESSION NUMBER: 0000895345-06-000501 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060519 DATE AS OF CHANGE: 20060519 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: USI HOLDINGS CORP CENTRAL INDEX KEY: 0001102643 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 133771733 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-78458 FILM NUMBER: 06853735 BUSINESS ADDRESS: STREET 1: 555 PLEASANTVILLE ROAD CITY: BRIARCLIFF MANOR STATE: NY ZIP: 10510 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: New Mountain Vantage LP CENTRAL INDEX KEY: 0001349525 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 787 SEVENTH AVENUE STREET 2: 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-720-0300 MAIL ADDRESS: STREET 1: 787 SEVENTH AVENUE STREET 2: 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D 1 prsc13d.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 USI HOLDINGS CORPORATION ------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE ------------------------------------------------------------------- (Title of Class of Securities) 90333H101 --------------------------------------------------------- (CUSIP Number) STEVEN B. KLINSKY NEW MOUNTAIN VANTAGE, L.P. 787 SEVENTH AVENUE, 49TH FLOOR NEW YORK, NY 10019 (212) 720-0300 Copies to: STUART H. GELFOND FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP ONE NEW YORK PLAZA NEW YORK, NY 10004-1980 (212) 859-8000 --------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) MAY 11, 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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: [ ] *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). SCHEDULE 13D CUSIP NO. 90333H101 Page 2 of 14 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE GP, L.L.C. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER 0 NUMBER OF 8 SHARED VOTING POWER SHARES 1,615,600 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH 10 SHARED DISPOSITIVE POWER REPORTING 1,615,600 PERSON WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,615,600 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.8% 14 TYPE OF REPORTING PERSON OO SCHEDULE 13D CUSIP NO. 90333H101 Page 3 of 14 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER 0 NUMBER OF 8 SHARED VOTING POWER SHARES 784,200 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH 10 SHARED DISPOSITIVE POWER REPORTING 784,200 PERSON WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 784,200 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 90333H101 Page 4 of 14 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER 0 NUMBER OF 8 SHARED VOTING POWER SHARES 831,400 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH 10 SHARED DISPOSITIVE POWER REPORTING 831,400 PERSON WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 831,400 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 90333H101 Page 5 of 14 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE ADVISERS, L.L.C. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER 0 NUMBER OF 8 SHARED VOTING POWER SHARES 3,200,200 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH 10 SHARED DISPOSITIVE POWER REPORTING 3,200,200 PERSON WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,200,200 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.5% 14 TYPE OF REPORTING PERSON OO SCHEDULE 13D CUSIP NO. 90333H101 Page 6 of 14 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE (CAYMAN) LTD. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS 7 SOLE VOTING POWER 0 NUMBER OF 8 SHARED VOTING POWER SHARES 1,584,600 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH 10 SHARED DISPOSITIVE POWER REPORTING 1,584,600 PERSON WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,584,600 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.7% 14 TYPE OF REPORTING PERSON CO SCHEDULE 13D CUSIP NO. 90333H101 Page 7 of 14 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE HOLDCO LTD. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS 7 SOLE VOTING POWER 0 NUMBER OF 8 SHARED VOTING POWER SHARES 1,584,600 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH 10 SHARED DISPOSITIVE POWER REPORTING 1,584,600 PERSON WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,584,600 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.7% 14 TYPE OF REPORTING PERSON CO SCHEDULE 13D CUSIP NO. 90333H101 Page 8 of 14 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) STEVEN B. KLINSKY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS AF, PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA 7 SOLE VOTING POWER 0 NUMBER OF 8 SHARED VOTING POWER SHARES 3,200,200 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 0 EACH 10 SHARED DISPOSITIVE POWER REPORTING 3,200,200 PERSON WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,200,200 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.5% 14 TYPE OF REPORTING PERSON IN ITEM 1. SECURITY AND ISSUER This statement on Schedule 13D ("Statement") relates to the common stock, par value $.01 per share ("Common Stock"), of USI Holdings Corporation, a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 555 Pleasantville Road, Suite 160 South, Briarcliff Manor, New York 10510. ITEM 2. IDENTITY AND BACKGROUND (A) - (C) AND (F). This Statement is filed by New Mountain Vantage GP, L.L.C., a Delaware limited liability company ("Vantage GP"), New Mountain Vantage, L.P., a Delaware limited partnership ("NMV"), New Mountain Vantage (California), L.P., a Delaware limited partnership ("NMVC"), New Mountain Vantage Advisers, L.L.C., a Delaware limited liability company ("NMV Advisers"), New Mountain Vantage (Cayman) Ltd., a Cayman Islands exempt limited company ("NMV Offshore"), New Mountain Vantage HoldCo Ltd., a Cayman Islands exempt limited company ("NMV Offshore HoldCo", NMV Offshore HoldCo, together with NMV and NMVC, the "Purchasers"), and Steven B. Klinsky (collectively, the "Reporting Persons").(1) - ---------------------------- (1) Neither the present filing nor anything contained herein shall be construed as an admission that any Reporting Person constitutes a "person" for any purposes other than Section 13(d) of the Securities Exchange Act of 1934, as amended. Vantage GP is the general partner of NMV and NMVC, and is principally engaged in the business of serving as NMV's and NMVC's general partner. NMV Offshore is the sole member of NMV Offshore HoldCo and NMV Offshore HoldCo was formed to hold securities on behalf of NMV Offshore. NMV Advisers serves as the investment advisor and manager of each of NMV, NMVC and NMV Offshore and is principally engaged in the business of managing NMV, NMVC and NMV Offshore. Each of NMV, NMVC and NMV Offshore was formed to seek long-term capital appreciation primarily through investments in publicly traded equity securities of companies whose equity securities are listed primarily on a U.S. securities exchange. Steven B. Klinsky is the sole managing member of Vantage GP and the sole member of NMV Advisers. Mr. Klinsky is engaged principally in the business of serving as the sole managing member of Vantage GP and the sole member of NMV Advisers and as the Chief Executive Officer and managing member of New Mountain Capital, LLC, a Delaware limited liability company which is principally engaged in managing private equity funds. Mr. Klinsky is a citizen of the United States of America. The principal business address of each of the Reporting Persons (other than NMV Offshore and NMV Offshore HoldCo) is 787 Seventh Avenue, 49th Floor, New York, NY 10019. The principal business address of each of NMV Offshore and NMV Offshore HoldCo is c/o Walkers SPV Limited, PO Box 908GT, Walker House, Mary Street, George Town, Grand Cayman, Cayman Islands. The Reporting Persons have entered into a joint filing agreement, dated as of May 19, 2006, a copy of which is attached to this Statement as Exhibit 99.1. (D) - (E). None of the Reporting Persons during the last five years has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or was party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any such person 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 violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The aggregate purchase price of the 3,200,200 shares of Common Stock owned by the Purchasers is $48,980,308.23, including brokerage commissions. The shares of Common Stock owned by Purchasers were acquired with working capital. ITEM 4. PURPOSE OF TRANSACTION The Reporting Persons purchased the shares of Common Stock based on the Reporting Persons' belief that the shares of Common Stock, when purchased, were undervalued and represented an attractive investment opportunity. Except as set forth in this Statement, the Reporting Persons have no present plans or proposals that relate to or would result in any transaction, event or action described in paragraphs (a) through (j) of Item 4 of the form of Schedule 13D promulgated under the Act. Each of the Reporting Persons is engaged in the investment business. In pursuing this business, the Reporting Persons analyze the operations, capital structure and markets of companies, including the Issuer, on a continuous basis through analysis of documentation and discussions with knowledgeable industry and market observers and with representatives of such companies. From time to time, one or more of the Reporting Persons may hold discussions with third parties, the management of such companies or the board of directors of such companies in which the Reporting Person may suggest or take a position with respect to potential changes in the operations, management or capital structure of such companies as a means of enhancing stockholder value. Each of the Reporting Persons reserves the right, in light of its continuing analysis and discussions as described above and its ongoing evaluation of the market price of the Common Stock, conditions in the securities markets generally, general economic and industry conditions, its business objectives and other relevant factors, to change its plans and intentions at any time, as it deems appropriate. In particular, and without limiting the generality of the foregoing, any one or more of the Reporting Persons (and their respective affiliates) may purchase additional shares of Common Stock or other securities of the Issuer or may sell or transfer shares of Common Stock or other securities of the Issuer in public or private transactions, may distribute Common Stock or other securities of the Issuer in-kind to their partners or member, as applicable, may seek board representation, may make proposals concerning changes to the operations, management or capital structure of the Issuer, may enter into privately negotiated derivative transactions with institutional counterparties to hedge the market risk of some or all of their positions in the Common Stock or other securities, and/or may take any other action that might result in any transaction, event or action described in paragraphs (a) through (j) of Item 4 of the form of Schedule 13D promulgated under the Act. Any such transactions may be effected at any time or from time to time, subject to any applicable limitations imposed on the transactions by the Securities Act or other applicable law. Except as described in this Statement and except for arrangements between and among the Reporting Persons, none of the Reporting Persons has any contracts, agreements, arrangements, understandings or relationships with any other person or entity for the purpose of acquiring, holding, voting or disposing of any shares of Common Stock. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (A). The aggregate percentage of shares of Common Stock reported owned by each person named herein is based upon 57,842,938 shares of Common Stock outstanding, which is the total number of shares of Common Stock outstanding as of May 1, 2006 as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2006, as filed with the Securities and Exchange Commission on May 9, 2006. As of the close of business on May 18, 2006, Mr. Klinsky and NMV Advisers may be deemed to beneficially own an aggregate of 3,200,200 shares of Common Stock that may be deemed to be beneficially owned by NMV, NMVC and NMV Offshore representing, in the aggregate, approximately 5.5% of the issued and outstanding shares of Common Stock. Mr. Klinsky and NMV Advisers disclaim beneficial ownership of the shares of Common Stock beneficially owned by NMV, NMVC and NMV Offshore, to the extent that partnership interests in NMV, NMVC and NMV Offshore are held by persons other than Mr. Klinsky. As of the close of business on May 18, 2006, Vantage GP may be deemed to beneficially own an aggregate of 1,615,600 shares of Common Stock that may be deemed to be beneficially owned by NMV and NMVC representing, in the aggregate, approximately 2.8% of the issued and outstanding shares of Common Stock. Vantage GP disclaims beneficial ownership of the shares of Common Stock beneficially owned by NMV and NMVC to the extent that partnership interests in NMV and NMVC are held by persons other than Vantage GP. As of the close of business on May 18, 2006, NMV Offshore may be deemed to beneficially own an aggregate of 1,584,600 shares of Common Stock that may be deemed to be beneficially owned by NMV Offshore HoldCo, representing approximately 2.7% of the issued and outstanding shares of Common Stock. As of the close of business on May 18, 2006, (i) NMV may be deemed to beneficially own an aggregate of 784,200 shares of Common Stock, representing approximately 1.4% of the issued and outstanding shares of Common Stock, (ii) NMVC may be deemed to beneficially own an aggregate of 831,400 shares of Common Stock, representing approximately 1.4% of the issued and outstanding shares of Common Stock and (iii) NMV Offshore HoldCo may be deemed to beneficially own an aggregate of 1,584,600 shares of Common Stock, representing approximately 2.7% of the issued and outstanding shares of Common Stock. (B). Each Reporting Person may be deemed to share the power to vote or direct the vote and to dispose or to direct the disposition of the shares of Common Stock that the Reporting Person may be deemed to beneficially own as described above. (C). Schedule A annexed hereto lists all transactions in the shares of Common Stock during the past sixty days by the Reporting Persons. All of such transactions were effected in the open market. (D). No person is known by any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock that may be deemed to be beneficially owned by any Reporting Person. (E). Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 99.1 Joint Filing Agreement, dated May 19, 2006. 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. Date: May 19, 2006 NEW MOUNTAIN VANTAGE GP, L.L.C. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE, L.P. By:New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. By:New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE ADVISERS, L.L.C. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CAYMAN) LTD. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Director NEW MOUNTAIN VANTAGE HOLDCO LTD. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Director /s/ Steven B. Klinsky -------------------------- Steven B. Klinsky SCHEDULE A TRANSACTIONS IN THE PAST SIXTY DAYS BY THE PURCHASERS NMV - ------------------ ------------------------- ------------------------------ Date Shares of Common Stock Approximate Price per Share Purchased (inclusive of commissions) - ------------------ ------------------------- ------------------------------ 3/21/2006 12,200 15.19 - ------------------ ------------------------- ------------------------------ 3/22/2006 38,100 15.53 - ------------------ ------------------------- ------------------------------ 3/23/2006 21,700 15.31 - ------------------ ------------------------- ------------------------------ 3/24/2006 5,300 15.28 - ------------------ ------------------------- ------------------------------ 3/27/2006 14,200 15.28 - ------------------ ------------------------- ------------------------------ 3/28/2006 16,900 15.52 - ------------------ ------------------------- ------------------------------ 3/28/2006 20,700 15.53 - ------------------ ------------------------- ------------------------------ 3/29/2006 15,900 15.81 - ------------------ ------------------------- ------------------------------ 4/4/2006 26,000 15.97 - ------------------ ------------------------- ------------------------------ 4/5/2006 24,100 15.89 - ------------------ ------------------------- ------------------------------ 4/6/2006 6,000 15.90 - ------------------ ------------------------- ------------------------------ 4/7/2006 9,400 15.89 - ------------------ ------------------------- ------------------------------ 4/10/2006 38,900 15.74 - ------------------ ------------------------- ------------------------------ 4/10/2006 54,400 15.76 - ------------------ ------------------------- ------------------------------ 4/11/2006 19,600 15.57 - ------------------ ------------------------- ------------------------------ 4/12/2006 18,000 15.30 - ------------------ ------------------------- ------------------------------ 4/17/2006 18,100 15.30 - ------------------ ------------------------- ------------------------------ 4/18/2006 12,000 15.57 - ------------------ ------------------------- ------------------------------ 4/24/2006 20,500 15.09 - ------------------ ------------------------- ------------------------------ 4/25/2006 42,000 15.01 - ------------------ ------------------------- ------------------------------ 4/26/2006 47,500 15.01 - ------------------ ------------------------- ------------------------------ 4/27/2006 16,600 15.11 - ------------------ ------------------------- ------------------------------ 4/28/2006 13,400 14.95 - ------------------ ------------------------- ------------------------------ 5/1/2006 10,400 15.29 - ------------------ ------------------------- ------------------------------ 5/2/2006 4,800 15.30 - ------------------ ------------------------- ------------------------------ 5/3/2006 6,000 15.32 - ------------------ ------------------------- ------------------------------ 5/4/2006 19,100 15.31 - ------------------ ------------------------- ------------------------------ 5/5/2006 18,700 15.46 - ------------------ ------------------------- ------------------------------ 5/8/2006 65,700 15.56 - ------------------ ------------------------- ------------------------------ 5/9/2006 34,500 14.87 - ------------------ ------------------------- ------------------------------ 5/10/2006 12,900 15.06 - ------------------ ------------------------- ------------------------------ 5/11/2006 28,900 14.76 - ------------------ ------------------------- ------------------------------ 5/12/2006 19,900 14.51 - ------------------ ------------------------- ------------------------------ 5/15/2006 37,200 14.50 - ------------------ ------------------------- ------------------------------ 5/16/2006 14,600 14.41 - ------------------ ------------------------- ------------------------------ NMVC - ------------------ ------------------------- ------------------------------ Date Shares of Common Stock Approximate Price per Share Purchased (inclusive of commissions) - ------------------ ------------------------- ------------------------------ 3/21/2006 15,600 15.19 - ------------------ ------------------------- ------------------------------ 3/22/2006 48,600 15.53 - ------------------ ------------------------- ------------------------------ 3/23/2006 27,700 15.31 - ------------------ ------------------------- ------------------------------ 3/24/2006 6,800 15.28 - ------------------ ------------------------- ------------------------------ 3/27/2006 18,100 15.28 - ------------------ ------------------------- ------------------------------ 3/28/2006 21,500 15.52 - ------------------ ------------------------- ------------------------------ 3/28/2006 26,400 15.53 - ------------------ ------------------------- ------------------------------ 3/29/2006 20,300 15.81 - ------------------ ------------------------- ------------------------------ 4/5/2006 26,100 15.89 - ------------------ ------------------------- ------------------------------ 4/6/2006 6,500 15.90 - ------------------ ------------------------- ------------------------------ 4/7/2006 10,200 15.89 - ------------------ ------------------------- ------------------------------ 4/10/2006 42,000 15.74 - ------------------ ------------------------- ------------------------------ 4/10/2006 59,000 15.76 - ------------------ ------------------------- ------------------------------ 4/11/2006 21,200 15.57 - ------------------ ------------------------- ------------------------------ 4/12/2006 19,600 15.30 - ------------------ ------------------------- ------------------------------ 4/17/2006 19,600 15.30 - ------------------ ------------------------- ------------------------------ 4/18/2006 13,000 15.57 - ------------------ ------------------------- ------------------------------ 4/24/2006 22,400 15.09 - ------------------ ------------------------- ------------------------------ 4/25/2006 45,900 15.01 - ------------------ ------------------------- ------------------------------ 4/26/2006 51,700 15.01 - ------------------ ------------------------- ------------------------------ 4/27/2006 18,100 15.11 - ------------------ ------------------------- ------------------------------ 4/28/2006 14,600 14.95 - ------------------ ------------------------- ------------------------------ 5/1/2006 11,200 15.29 - ------------------ ------------------------- ------------------------------ 5/2/2006 5,200 15.30 - ------------------ ------------------------- ------------------------------ 5/3/2006 6,500 15.32 - ------------------ ------------------------- ------------------------------ 5/4/2006 20,800 15.31 - ------------------ ------------------------- ------------------------------ 5/5/2006 20,300 15.46 - ------------------ ------------------------- ------------------------------ 5/8/2006 71,400 15.56 - ------------------ ------------------------- ------------------------------ 5/9/2006 32,900 14.87 - ------------------ ------------------------- ------------------------------ 5/10/2006 12,300 15.06 - ------------------ ------------------------- ------------------------------ 5/11/2006 27,500 14.76 - ------------------ ------------------------- ------------------------------ 5/12/2006 19,000 14.51 - ------------------ ------------------------- ------------------------------ 5/15/2006 35,500 14.50 - ------------------ ------------------------- ------------------------------ 5/16/2006 13,900 14.41 - ------------------ ------------------------- ------------------------------ NMV Offshore HoldCo - ------------------ ------------------------- ------------------------------ Date Shares of Common Stock Approximate Price per Share Purchased (inclusive of commissions) - ------------------ ------------------------- ------------------------------ 3/21/2006 29,700 15.19 - ------------------ ------------------------- ------------------------------ 3/22/2006 92,900 15.53 - ------------------ ------------------------- ------------------------------ 3/23/2006 52,950 15.31 - ------------------ ------------------------- ------------------------------ 3/24/2006 12,900 15.28 - ------------------ ------------------------- ------------------------------ 3/27/2006 34,750 15.28 - ------------------ ------------------------- ------------------------------ 3/28/2006 41,200 15.52 - ------------------ ------------------------- ------------------------------ 3/28/2006 50,500 15.53 - ------------------ ------------------------- ------------------------------ 3/29/2006 38,800 15.81 - ------------------ ------------------------- ------------------------------ 4/5/2006 49,800 15.89 - ------------------ ------------------------- ------------------------------ 4/6/2006 12,500 15.90 - ------------------ ------------------------- ------------------------------ 4/7/2006 19,300 15.89 - ------------------ ------------------------- ------------------------------ 4/10/2006 80,200 15.74 - ------------------ ------------------------- ------------------------------ 4/10/2006 112,600 15.76 - ------------------ ------------------------- ------------------------------ 4/11/2006 40,500 15.57 - ------------------ ------------------------- ------------------------------ 4/12/2006 37,400 15.30 - ------------------ ------------------------- ------------------------------ 4/17/2006 37,300 15.30 - ------------------ ------------------------- ------------------------------ 4/18/2006 25,000 15.57 - ------------------ ------------------------- ------------------------------ 4/24/2006 42,400 15.09 - ------------------ ------------------------- ------------------------------ 4/25/2006 87,100 15.01 - ------------------ ------------------------- ------------------------------ 4/26/2006 98,400 15.01 - ------------------ ------------------------- ------------------------------ 4/27/2006 34,500 15.11 - ------------------ ------------------------- ------------------------------ 4/28/2006 27,800 14.95 - ------------------ ------------------------- ------------------------------ 5/1/2006 21,400 15.29 - ------------------ ------------------------- ------------------------------ 5/2/2006 10,000 15.30 - ------------------ ------------------------- ------------------------------ 5/3/2006 12,500 15.32 - ------------------ ------------------------- ------------------------------ 5/4/2006 39,600 15.31 - ------------------ ------------------------- ------------------------------ 5/5/2006 38,600 15.46 - ------------------ ------------------------- ------------------------------ 5/8/2006 135,800 15.56 - ------------------ ------------------------- ------------------------------ 5/9/2006 62,600 14.87 - ------------------ ------------------------- ------------------------------ 5/10/2006 23,500 15.06 - ------------------ ------------------------- ------------------------------ 5/11/2006 52,200 14.76 - ------------------ ------------------------- ------------------------------ 5/12/2006 36,100 14.51 - ------------------ ------------------------- ------------------------------ 5/15/2006 67,300 14.50 - ------------------ ------------------------- ------------------------------ 5/16/2006 26,500 14.41 - ------------------ ------------------------- ------------------------------ EX-99 2 exh99_1.txt EXHIBIT 99.1 JOINT FILING AGREEMENT The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. 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 it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. This Agreement may be executed in counterparts and each of such counterparts taken together shall constitute one and the same instrument. Dated: May 19, 2006 NEW MOUNTAIN VANTAGE GP, L.L.C. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE, L.P. By:New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. By:New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE ADVISERS, L.L.C. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CAYMAN) LTD. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Director NEW MOUNTAIN VANTAGE HOLDCO LTD. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Director /s/ Steven B. Klinsky -------------------------- Steven B. Klinsky -----END PRIVACY-ENHANCED MESSAGE-----