-----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, UVnv6PGGXI7NllZ6e8XgfEYIAaPTgB70cln/TN+9cat62T9LbHGADB9yYVYLKtor 1Q39owsNOg9HvpK8dhhJ4g== 0000921895-08-001395.txt : 20080512 0000921895-08-001395.hdr.sgml : 20080512 20080512171714 ACCESSION NUMBER: 0000921895-08-001395 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080512 DATE AS OF CHANGE: 20080512 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC CENTRAL INDEX KEY: 0001261166 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81353 FILM NUMBER: 08824756 BUSINESS ADDRESS: STREET 1: 605 THIRD AVE STREET 2: 2ND FL. CITY: NEW YORK STATE: NY ZIP: 10158 BUSINESS PHONE: 2124768800 MAIL ADDRESS: STREET 1: 605 THIRD AVE STREET 2: 2ND FL. CITY: NEW YORK STATE: NY ZIP: 10158 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN INVESTMENT LLC CENTRAL INDEX KEY: 0001286207 IRS NUMBER: 870623442 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 7050 S. UNION PARK CENTER, SUITE 590 CITY: MIDVALE STATE: UT ZIP: 84047 BUSINESS PHONE: 801-568-1400 MAIL ADDRESS: STREET 1: 7050 S. UNION PARK CENTER, SUITE 590 CITY: MIDVALE STATE: UT ZIP: 84047 SC 13D/A 1 sc13da706290015_05082008.htm sc13da706290015_05082008.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

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

(Amendment No. 7)1

Neuberger Berman Real Estate Securities Income Fund Inc.
(Name of Issuer)

Common Stock, par value $0.0001 per share
(Title of Class of Securities)

64190A103
(CUSIP Number)

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

May 8, 2008
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.


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

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
CUSIP NO. 64190A103
 
1
NAME OF REPORTING PERSON
 
                    WESTERN INVESTMENT LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO, WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
1,689,714.871
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
1,689,714.871
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,689,714.871
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.4%
14
TYPE OF REPORTING PERSON
 
OO

2
CUSIP NO. 64190A103
 
1
NAME OF REPORTING PERSON
 
                    ARTHUR D. LIPSON
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
1,689,714.871
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
1,689,714.871
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,689,714.871
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.4%
14
TYPE OF REPORTING PERSON
 
IN

3
CUSIP NO. 64190A103
 
1
NAME OF REPORTING PERSON
 
                    WESTERN INVESTMENT HEDGED PARTNERS L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
931,434
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
931,434
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
931,434
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.3%
14
TYPE OF REPORTING PERSON
 
PN

4
CUSIP NO. 64190A103
 
1
NAME OF REPORTING PERSON
 
                    WESTERN INVESTMENT ACTIVISM PARTNERS LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
755,473
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
755,473
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
755,473
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.1%
14
TYPE OF REPORTING PERSON
 
OO

5
CUSIP NO. 64190A103
 
1
NAME OF REPORTING PERSON
 
                    BENCHMARK PLUS INSTITUTIONAL PARTNERS, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
1,116,347
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
1,116,347
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,116,347
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.6%
14
TYPE OF REPORTING PERSON
 
OO

6
CUSIP NO. 64190A103
 
1
NAME OF REPORTING PERSON
 
                    BENCHMARK PLUS PARTNERS, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
750,824
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
750,824
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
750,824
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.0%
14
TYPE OF REPORTING PERSON
 
OO

7
CUSIP NO. 64190A103
 
 
1
NAME OF REPORTING PERSON
 
                    BENCHMARK PLUS MANAGEMENT, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
1,867,171
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
1,867,171
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,867,171
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.6%
14
TYPE OF REPORTING PERSON
 
OO

8
CUSIP NO. 64190A103
 
 
1
NAME OF REPORTING PERSON
 
                    ROBERT FERGUSON
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
1,867,171
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
1,867,171
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,867,171
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.6%
14
TYPE OF REPORTING PERSON
 
IN

9
CUSIP NO. 64190A103
 
 
1
NAME OF REPORTING PERSON
 
                    SCOTT FRANZBLAU
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) x
  (b) o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
1,867,171
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
1,867,171
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,867,171
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.6%
14
TYPE OF REPORTING PERSON
 
IN

10
CUSIP NO. 64190A103
 
The following constitutes Amendment No. 7 (“Amendment No. 7”) to the Schedule 13D filed by the undersigned.  This Amendment No. 7 amends the Schedule 13D as specifically set forth.
 
 
Item 3 is hereby amended and restated as follows:
 
The aggregate purchase price of the approximately 1,689,715 Shares beneficially owned by WILLC is approximately $26,572,059, including brokerage commissions. The Shares beneficially owned by WILLC consist of approximately 2,808 Shares, 900 of which were acquired with WILLC's working capital and approximately 1,908 of which were acquired through the Issuer’s dividend repurchase plan, 931,434 Shares that were acquired with WIHP's working capital and 755,473 Shares that were acquired with WIAP's working capital.  The aggregate purchase price of the 1,867,171 Shares beneficially owned by BPM is approximately $32,757,796, including brokerage commissions.  The Shares beneficially owned by BPM were acquired with the working capital of each of BPIP and BPP.
 
Item 5(a) is hereby amended and restated as follows:
 
(a)           The aggregate percentage of Shares reported owned by each person named herein is based upon 71,883,782.851 Shares outstanding as of March 27, 2008, as reported in the Issuer’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2008.
 
As of the close of business on May 8, 2008, WIHP, WIAP, BPIP and BPP beneficially owned 931,434, 755,473, 1,116,347 and 750,824 Shares, respectively, constituting 1.3%, 1.1%, 1.6% and 1.0%, respectively, of the Shares outstanding.  Each of WILLC and Mr. Lipson beneficially owned approximately 1,689,715 Shares, constituting approximately 2.4% of the Shares outstanding.  Each of BPM, Mr. Franzblau and Mr. Ferguson beneficially owned 1,867,171 Shares, constituting approximately 2.6% of the Shares outstanding.
 
As the general partner and managing member of WIHP and WIAP, respectively, WILLC may be deemed to beneficially own the 1,686,907 Shares beneficially owned in the aggregate by WIHP and WIAP, in addition to the approximately 2,808 Shares it owns directly.  As the managing member of WILLC, Mr. Lipson may be deemed to beneficially own the approximately 1,689,715 Shares beneficially owned by WILLC.  As the managing member of BPIP and BPP, BPM may be deemed to beneficially own the 1,867,171 Shares beneficially owned in the aggregate by BPIP and BPP. As the managing members of BPM, Messrs. Franzblau and Ferguson may each be deemed to beneficially own the 1,867,171 Shares beneficially owned by BPM.
 
Item 5(c) is hereby amended to add the following:
 
(c)           Schedule A attached hereto reports all transactions in the Shares by the Reporting Persons during the last sixty days.  Except where otherwise noted, all of such transactions were effected in the open market.  After the close of business on March 7, 2008, Neuberger Berman Realty Income Fund, Inc. (“NRI”) merged with and into the Issuer.  As a result of the merger NRI stockholders received 1.409 Shares of the Issuer for each share of NRI common stock they previously held.  As a result, on March 10, 2008, the Reporting Persons received the following: 910,689 Shares to WIHP, 944,004 Shares to WIAP, 1,618 Shares to WILLC, 872,736 Shares to BPIP and 533,024 Shares to BPP.
 
 
11
CUSIP NO. 64190A103
 
Item 5(e) is hereby amended and restated as follows:
 
As of May 8, 2008, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares of the Issuer.
 
Item 6 is hereby amended to add the following:
 
As of the close of business on May 8, 2008, WIAP was a party to certain equity swap arrangements (the “Swap Arrangements”) with a financial institution (the “Bank”) as the counterparty.  Pursuant to these Swap Arrangements, WIAP is obligated to pay to the Bank the equity notional amount on a total of 150,000 Shares, subject to the Swap Arrangement (the “Reference Shares”) as of the beginning of the valuation period (which resets monthly), plus interest.  At the termination of the Swap Arrangements, the Bank is obligated to pay WIAP the market value of its interest in the Reference Shares as of the end of the valuation period.  Any dividends received by the Bank on the Reference Shares during the term of the Swap Arrangements will be paid to WIAP.  All balances will be cash settled and there will be no transfer to WIAP of voting or dispositive power over the Reference Shares.  The Swap Arrangements expire May 5, 2009.  Each of the Reporting Persons disclaims beneficial ownership of the Reference Shares except to the extent of his or its pecuniary interest therein.  The Reference Shares are not included as part of the totals, with respect to the Shares, disclosed herein by the Reporting Persons.
 
 
12
CUSIP NO. 64190A103
 
SIGNATURES
 
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated:  May 12, 2008
WESTERN INVESTMENT LLC
   
 
By:
/s/ Arthur D. Lipson
 
Name:  Arthur D. Lipson
 
Title:  Managing Member
   
 
WESTERN INVESTMENT HEDGED PARTNERS L.P.
 
By: Western Investment LLC,
 
Its General Partner
   
 
By:
/s/ Arthur D. Lipson
 
Name:  Arthur D. Lipson
 
Title:  Managing Member
   
 
WESTERN INVESTMENT ACTIVISM PARTNERS LLC
 
By:  Western Investment LLC,
 
Its Managing Member
   
 
By:
/s/ Arthur D. Lipson
 
Name:  Arthur D. Lipson
 
Title:  Managing Member
   
 
/s/ Arthur D. Lipson
 
ARTHUR D. LIPSON
   
 

 
13

 
BENCHMARK PLUS INSTITUTIONAL PARTNERS, L.L.C.
 
By:  Benchmark Plus Management, L.L.C.,
 
Its Managing Member
   
 
By:
/s/ Scott Franzblau
 
Name:  Scott Franzblau
 
Title:  Managing Member
   
 
By:
/s/ Robert Ferguson
 
Name:  Robert Ferguson
 
Title:  Managing Member
   
 
BENCHMARK PLUS PARTNERS, L.L.C.
   
 
By:  Benchmark Plus Management, L.L.C.,
 
Its Managing Member
   
 
By:
/s/ Scott Franzblau
 
Name:  Scott Franzblau
 
Title:  Managing Member
   
 
By:
/s/ Robert Ferguson
 
Name:  Robert Ferguson
 
Title:  Managing Member
   
 
BENCHMARK PLUS MANAGEMENT, L.L.C.
   
 
By:
/s/ Scott Franzblau
 
Name:  Scott Franzblau
 
Title:  Managing Member
   
 
By:
/s/ Robert Ferguson
 
Name:  Robert Ferguson
 
Title:  Managing Member
   
 
/s/ Robert Ferguson
 
ROBERT FERGUSON
   
 
/s/ Scott Franzblau
 
SCOTT FRANZBLAU
 
 
14
CUSIP NO. 64190A103
 
SCHEDULE A

Transactions in the Shares of the Issuer During the Last 60 Days

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

WESTERN INVESTMENT HEDGED PARTNERS L.P.
(1,600)
  
10.8633
3/24/2008
(600)
  
10.9674
3/25/2008
(6,800)
  
10.8958
3/26/2008
(1,200)
  
10.5291
3/28/2008
(3,100)
  
10.3847
3/31/2008
(3,100)
  
10.7201
4/01/2008
(18,500)
  
11.1216
4/02/2008
(4,500)
  
11.2709
4/03/2008
(7,300)
  
11.2493
4/07/2008
(19,100)
  
11.3057
4/08/2008
(45,800)
  
10.8475
4/11/2008
(33,600)
  
11.1838
4/23/2008
(3,900)
  
11.2379
4/24/2008
(15,600)
  
11.5024
4/29/2008
(21,400)
  
11.4645
4/30/2008
(33,400)
  
11.5316
5/01/2008
(85,000)
  
11.6004
5/05/2008
(52,000)
  
11.2818
5/08/2008

WESTERN INVESTMENT ACTIVISM PARTNERS LLC
(1,600)
  
10.8633
3/24/2008
(6,700)
  
10.8958
3/26/2008
(1,300)
  
10.5297
3/28/2008
(3,100)
  
10.3847
3/31/2008
(3,000)
  
10.7200
4/01/2008
(18,400)
  
11.1216
4/02/2008
 
 
15
CUSIP NO. 64190A103
 
(4,600)
  
11.2710
4/03/2008
(500)
  
11.2674
4/04/2008
(7,400)
  
11.2493
4/07/2008
(19,200)
  
11.3057
4/08/2008
(45,800)
  
10.8475
4/11/2008
(33,600)
  
11.1838
4/23/2008
(4,000)
  
11.2354
4/24/2008
(30,600)
  
11.5910
4/28/2008
(42,200)
  
11.5022
4/29/2008
(28,400)
  
11.4642
4/30/2008
(42,645)
  
11.5314
5/01/2008
(85,100)
  
11.6003
5/05/2008
(52,100)
  
11.2816
5/08/2008
(150,000)
  
11.2599
5/08/2008

WESTERN INVESTMENT LLC
None

ARTHUR D. LIPSON
None

BENCHMARK PLUS INSTITUTIONAL PARTNERS, L.L.C.
(7,400)
  
9.6487
3/13/2008
(2,300)
  
9.8975
3/14/2008
(38,200)
  
11.1025
4/09/2008
(46,000)
  
11.0555
4/10/2008
(38,600)
  
11.2173
4/21/2008
(52,600)
  
11.0741
4/22/2008
(13,700)
  
11.1392
4/22/2008
(51,500)
  
11.5314
5/01/2008
(68,600)
  
11.6682
5/02/2008
(66,399)
  
11.6031
5/06/2008
(75,400)
  
11.4806
5/07/2008
 

 
16
CUSIP NO. 64190A103
 
BENCHMARK PLUS PARTNERS, L.L.C.
(7,300)
  
9.6487
3/13/2008
(2,200)
  
9.8975
3/14/2008
(38,100)
  
11.1025
4/09/2008
(46,000)
  
11.0555
4/10/2008
(34,300)
  
11.5313
5/01/2008
(45,800)
  
11.6681
5/02/2008
(50,200)
  
11.4805
5/07/2008

BENCHMARK PLUS MANAGEMENT, L.L.C.
None

SCOTT FRANZBLAU
None

ROBERT FERGUSON
None
 
 
17
 

 -----END PRIVACY-ENHANCED MESSAGE-----