-----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, N7DGFY32M9RCjnTJSD+6e5bBbp4Mo9AD4viHaKDzekiYjlg5dZYAKtB4vI47ro89 53gfezAdHsJBPJ6HR6eThg== 0001313250-05-000030.txt : 20051123 0001313250-05-000030.hdr.sgml : 20051123 20051123165951 ACCESSION NUMBER: 0001313250-05-000030 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051123 DATE AS OF CHANGE: 20051123 GROUP MEMBERS: CHARLES E. ELLWEIN GROUP MEMBERS: CHUN R. DING GROUP MEMBERS: DAVID I. COHEN GROUP MEMBERS: DEREK C. SCHRIER GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P. GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P. GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P. GROUP MEMBERS: FARALLON CAPITAL MANAGEMENT, L.L.C. GROUP MEMBERS: FARALLON CAPITAL OFFSHORE INVESTORS II, L.P. GROUP MEMBERS: FARALLON CAPITAL PARTNERS, L.P. GROUP MEMBERS: FARALLON PARTNERS, L.L.C. GROUP MEMBERS: MARK C. WEHRLY GROUP MEMBERS: MONICA R. LANDRY GROUP MEMBERS: NOONDAY CAPITAL PARTNERS, L.L.C. GROUP MEMBERS: NOONDAY CAPITAL, L.L.C. GROUP MEMBERS: NOONDAY G.P. (U.S.), L.L.C. GROUP MEMBERS: RAJIV A. PATEL GROUP MEMBERS: RICHARD B. FRIED GROUP MEMBERS: SAURABH K. MITTAL GROUP MEMBERS: STEPHEN L. MILLHAM GROUP MEMBERS: THOMAS F. STEYER GROUP MEMBERS: TINICUM PARTNERS, L.P. GROUP MEMBERS: WILLIAM F. DUHAMEL GROUP MEMBERS: WILLIAM F. MELLIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LA QUINTA CORP CENTRAL INDEX KEY: 0000313749 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 953419438 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-40340 FILM NUMBER: 051225589 BUSINESS ADDRESS: STREET 1: 909 HIDDEN RIDGE STREET 2: STE 600 CITY: IRVING STATE: TX ZIP: 75038 BUSINESS PHONE: 2144926600 MAIL ADDRESS: STREET 1: LA QUINTA CORPORATION STREET 2: 909 HIDDEN RIDGE CITY: IRVING STATE: TX ZIP: 75038 FORMER COMPANY: FORMER CONFORMED NAME: MEDITRUST OPERATING CO DATE OF NAME CHANGE: 19971114 FORMER COMPANY: FORMER CONFORMED NAME: SANTA ANITA OPERATING CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Noonday Asset Management, L.P. CENTRAL INDEX KEY: 0001313250 IRS NUMBER: 331106238 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 227 WEST TRADE STREET, SUITE 2140 CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: (704)333-9192 MAIL ADDRESS: STREET 1: 227 WEST TRADE STREET, SUITE 2140 CITY: CHARLOTTE STATE: NC ZIP: 28202 SC 13D 1 laquinta13d.txt -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response . . .11 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. _________)* La Quinta Corporation La Quinta Properties, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share (held as part of Paired Shares) - -------------------------------------------------------------------------------- (Title of Class of Securities) 50419U202 - -------------------------------------------------------------------------------- (CUSIP Number) Mark C. Wehrly Farallon Capital Management, L.L.C. One Maritime Plaza, Suite 1325 San Francisco, California 94111 (415) 421-2132 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 15, 2005 - -------------------------------------------------------------------------------- (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 Sections 240.13d-1(e), 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 Section 240.13d-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). (Continued on following pages) Page 1 of 58 Pages Exhibit Index Found on Page 56 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Noonday Asset Management, L.P. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 8,169,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 8,169,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 8,169,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.0% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - ------------==================================================================== Page 2 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Noonday G.P. (U.S.), L.L.C. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 8,169,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 8,169,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 8,169,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.0% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 OO - ------------==================================================================== Page 3 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Noonday Capital, L.L.C. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 8,169,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 8,169,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 8,169,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.0% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 OO - ------------==================================================================== Page 4 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) David I. Cohen - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 8,169,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 8,169,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 8,169,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.0% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 5 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Saurabh K. Mittal - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 India - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 8,169,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 8,169,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 8,169,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.0% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 6 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Noonday Capital Partners, L.L.C. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 146,400 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 146,400 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 146,400 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.1% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 OO - ------------==================================================================== Page 7 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Partners, L.P. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 California - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,008,900 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 2,008,900 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,008,900 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.0% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - ------------==================================================================== Page 8 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners, L.P. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 California - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,615,700 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 2,615,700 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,615,700 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.3% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - ------------==================================================================== Page 9 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners II, L.P. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 California - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 349,200 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 349,200 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 349,200 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.2% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - ------------==================================================================== Page 10 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners III, L.P. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 434,100 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 434,100 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 434,100 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.2% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - ------------==================================================================== Page 11 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tinicum Partners, L.P. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 New York - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 61,200 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 61,200 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 61,200 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.0% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - ------------==================================================================== Page 12 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Offshore Investors II, L.P. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Cayman Islands - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,847,100 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 2,847,100 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,847,100 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.4% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - ------------==================================================================== Page 13 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Management, L.L.C. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 3,371,825 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 3,371,825 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,371,825 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.7% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IA, OO - ------------==================================================================== Page 14 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Partners, L.L.C. - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 8,462,600 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 8,462,600 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 8,462,600 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.2% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 OO - ------------==================================================================== Page 15 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Chun R. Ding - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 16 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Duhamel - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 17 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Charles E. Ellwein - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 18 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Richard B. Fried - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 19 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Monica R. Landry - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 20 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Mellin - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 21 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stephen L. Millham - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 22 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Rajiv A. Patel - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 23 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Derek C. Schrier - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 24 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Thomas F. Steyer - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 25 of 58 Pages 13D =================== CUSIP No. 50419U202 =================== - ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Mark C. Wehrly - ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 11,834,425 Paired Shares, which is 5.8% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ------------==================================================================== 3 SEC USE ONLY - ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------==================================================================== SOLE VOTING POWER 7 NUMBER OF -0- ------------===================================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 11,834,425 ------------===================================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH ------------===================================================== SHARED DISPOSITIVE POWER 10 11,834,425 - ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,834,425 - ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.8% - ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------==================================================================== Page 26 of 58 Pages Item 1. Security And Issuer - ------ ------------------- This statement relates to paired shares of Common Stock, par value $0.01 per share (the "Paired Shares"), of La Quinta Corporation and La Quinta Properties, Inc. (together, the "Company"). Paired Shares consist of one share of common stock, par value of $0.01 per share, of La Quinta Corporation ("LQ Corp. Shares") and one share of Class B common stock, par value of $0.01 per share, of La Quinta Properties, Inc. ("LQ Properties Shares"), which are paired and trade as a single unit. The Company's principal offices are located at 909 Hidden Ridge, Suite 600, Irving, Texas 75038. Item 2. Identity And Background - ------ ----------------------- (a) This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons." The Noonday Fund ---------------- (i) Noonday Capital Partners, L.L.C., a Delaware limited liability company (the "Noonday Fund"), with respect to the Paired Shares held by it. The Noonday Sub-adviser Entities -------------------------------- (ii) Noonday G.P. (U.S.), L.L.C., a Delaware limited liability company which is a sub-investment adviser1 to each of the Funds and the Managed Accounts (each as defined below) (the "First Noonday Sub-adviser"), with respect to all of the Paired Shares held by the Noonday Fund and certain of the Paired Shares held by the Farallon Funds and the Managed Accounts; (iii) Noonday Asset Management, L.P., a Delaware limited partnership, which is a sub-investment adviser1 to each of the Funds and the Managed Accounts (the "Second Noonday Sub-adviser"), with respect to all of the Paired Shares held by the Noonday Fund and certain of the Paired Shares held by the Farallon Funds and the Managed Accounts; and - --------------------------------- 1 The First Noonday Sub-adviser and the Second Noonday Sub-adviser entered into certain subadvisory arrangements with the Management Company and the Farallon General Partner effective as of January 1, 2005, pursuant to which the First Noonday Sub-adviser and the Second Noonday Sub-adviser were granted investment discretion over all of the assets of the Noonday Fund and certain of the assets of the Farallon Funds and the Managed Accounts. Page 27 of 58 Pages (iv) Noonday Capital, L.L.C., a Delaware limited liability company which is the general partner of the Second Noonday Sub-adviser (the "Noonday General Partner"), with respect to all of the Paired Shares held by the Noonday Fund and certain of the Paired Shares held by the Farallon Funds and the Managed Accounts. The First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Noonday General Partner are together referred to herein as the "Noonday Sub-adviser Entities." The Noonday Managing Members ---------------------------- (v) David I. Cohen ("Cohen") and Saurabh K. Mittal ("Mittal"), the managing members of both the First Noonday Sub-adviser and the Noonday General Partner, with respect to all of the Paired Shares held by the Noonday Fund and certain of the Paired Shares held by the Farallon Funds and the Managed Accounts. Cohen and Mittal are referred to herein as the "Noonday Individual Reporting Persons." The Farallon Funds ------------------ (vi) Farallon Capital Partners, L.P., a California limited partnership ("FCP"), with respect to the Paired Shares held by it; (vii) Farallon Capital Institutional Partners, L.P., a California limited partnership ("FCIP"), with respect to the Paired Shares held by it; (viii) Farallon Capital Institutional Partners II, L.P., a California limited partnership ("FCIP II"), with respect to the Paired Shares held by it; (ix) Farallon Capital Institutional Partners III, L.P., a Delaware limited partnership ("FCIP III"), with respect to the Paired Shares held by it; (x) Tinicum Partners, L.P., a New York limited partnership ("Tinicum"), with respect to the Paired Shares held by it; and (xi) Farallon Capital Offshore Investors II, L.P., a Cayman Islands exempted limited partnership ("FCOI II"), with respect to the Paired Shares held by it. FCP, FCIP, FCIP II, FCIP III, Tinicum and FCOI II are together referred to herein as the "Farallon Funds." The Noonday Fund and the Farallon Funds are together referred to herein as the "Funds." Page 28 of 58 Pages The Management Company ---------------------- (xii) Farallon Capital Management, L.L.C., a Delaware limited liability company (the "Management Company"), with respect to the Paired Shares held by certain accounts managed by the Management Company (the "Managed Accounts"). The Farallon General Partner ---------------------------- (xiii) Farallon Partners, L.L.C., a Delaware limited liability company which is the general partner of each of the Farallon Funds and the managing member of the Noonday Fund (the "Farallon General Partner"), with respect to the Paired Shares held by each of the Funds. The Farallon Managing Members ----------------------------- (xiv) The following persons who are managing members of both the Farallon General Partner and the Management Company, with respect to the Paired Shares held by the Funds and the Managed Accounts: Chun R. Ding ("Ding"), William F. Duhamel ("Duhamel"), Charles E. Ellwein ("Ellwein"), Richard B. Fried ("Fried"), Monica R. Landry ("Landry"), William F. Mellin ("Mellin"), Stephen L. Millham ("Millham"), Rajiv A. Patel ("Patel"), Derek C. Schrier ("Schrier"), Thomas F. Steyer ("Steyer") and Mark C. Wehrly ("Wehrly"). Ding, Duhamel, Ellwein, Fried, Landry, Mellin, Millham, Patel, Schrier, Steyer and Wehrly are together referred to herein as the "Farallon Individual Reporting Persons." The Noonday Individual Reporting Persons and the Farallon Individual Reporting Persons are together referred to herein as the "Individual Reporting Persons." (b) The address of the principal business and principal office of (i) the Funds, the Management Company and the Farallon General Partner is One Maritime Plaza, Suite 1325, San Francisco, California 94111, (ii) the Noonday Sub-adviser Entities is 227 West Trade Street, Suite 2140, Charlotte, North Carolina 28202, and (iii) each of the Individual Reporting Persons is set forth in Annex 1 hereto. (c) The principal business of each of the Funds is that of a private investment fund engaging in the purchase and sale of investments for its own account. The principal business of the Page 29 of 58 Pages First Noonday Sub-adviser and the Second Noonday Sub-adviser is to act as a sub-investment adviser to the Funds and the Managed Accounts. The principal business of the Noonday General Partner is to act as the general partner of the Second Noonday Sub-adviser. The principal business of the Management Company is that of a registered investment adviser. The principal business of the Farallon General Partner is to act as the general partner of the Farallon Funds and the managing member of the Noonday Fund. The principal business of each of the Individual Reporting Persons is set forth in Annex 1 hereto. (d) None of the Funds, the Noonday Sub-adviser Entities, the Management Company, the Farallon General Partner or the Individual Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Funds, the Noonday Sub-adviser Entities, the Management Company, the Farallon General Partner or the Individual Reporting Persons has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) The citizenship of each of the Funds, the Noonday Sub-adviser Entities, the Management Company and the Farallon General Partner is set forth above. Each of the Individual Reporting Persons other than Mittal is a citizen of the United States. Mittal is a citizen of India. The other information required by Item 2 relating to the identity and background of the Reporting Persons is set forth in Annex 1 hereto. Page 30 of 58 Pages Item 3. Source And Amount Of Funds And Other Consideration - ------ -------------------------------------------------- The net investment cost (including commissions) for the Paired Shares held by each of the Funds and the Managed Accounts is set forth below: Entity Paired Shares Held Approximate Net ------ ------------------ --------------- Investment Cost --------------- Noonday Fund 146,400 $ 1,602,869 FCP 2,008,900 $ 21,988,188 FCIP 2,615,700 $ 28,614,423 FCIP II 349,200 $ 3,822,026 FCIP III 434,100 $ 4,751,293 Tinicum 61,200 $ 669,801 FCOI II 2,847,100 $ 31,157,942 Managed Accounts 3,371,825 $ 36,904,618 The consideration for such acquisitions was obtained as follows: (i) with respect to the Noonday Fund, FCP, Tinicum and FCOI II, from working capital, and/or from borrowings pursuant to margin accounts maintained in the ordinary course of business by the Noonday Fund, FCP, Tinicum and FCOI II at Goldman, Sachs & Co.; (ii) with respect to FCIP, FCIP II and FCIP III, from working capital; and (iii) with respect to the Managed Accounts, from the working capital of the Managed Accounts and/or from borrowings pursuant to margin accounts maintained in the ordinary course of business by some of the Managed Accounts at Goldman, Sachs & Co. The Noonday Fund, FCP, Tinicum, FCOI II and some of the Managed Accounts hold certain securities in their respective margin accounts at Goldman, Sachs & Co., and the accounts may from time to time have debit balances. It is not possible to determine the amount of borrowings, if any, used to acquire the Paired Shares. Item 4. Purpose Of The Transaction - ------ -------------------------- The purpose of the acquisition of the Paired Shares is for investment, and the acquisitions of the Paired Shares by each of the Funds and the Managed Accounts were made in the ordinary Page 31 of 58 Pages course of business and were not made for the purpose of acquiring control of the Company. Although no Reporting Person has any specific plan or proposal to acquire or dispose of Paired Shares, consistent with its investment purpose, each Reporting Person at any time and from time to time may acquire additional Paired Shares or dispose of any or all of its Paired Shares depending upon an ongoing evaluation of the investment in the Paired Shares, prevailing market conditions, other investment opportunities, liquidity requirements of the Reporting Person and/or other investment considerations. No Reporting Person has made a determination regarding a maximum or minimum number of Paired Shares which it may hold at any point in time. Also, consistent with their investment intent, the Reporting Persons may engage in communications with one or more shareholders of the Company, one or more officers of the Company and/or one or more members of the board of directors of the Company regarding the Company, including but not limited to its operations. Except to the extent the foregoing may be deemed a plan or proposal, none of the Reporting Persons has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto. Item 5. Interest In Securities Of The Issuer - ------ ------------------------------------ (a) The Funds --------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Fund is incorporated herein by reference for each such Fund. The percentage amount set forth in Row 13 for all cover pages filed herewith is calculated based upon the 202,485,592 of LQ Corp. Shares and of LQ Properties Shares outstanding as of November 2, 2005 as reported by the Company in its Schedule 14A filed with the Securities and Exchange Commission on November 15, 2005. Page 32 of 58 Pages (c) The trade dates, number of Paired Shares purchased or sold and the price per Paired Shares (including commissions) for all purchases and sales of the Paired Shares by the Funds in the past 60 days are set forth on Schedules A-G hereto and are incorporated herein by reference. All of such transactions were open-market transactions. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds as reported herein. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of the Farallon General Partner. (e) Not applicable. (b) The Noonday Sub-adviser Entities -------------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Noonday Sub-adviser Entity is incorporated herein by reference. (c) None. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser, and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds as reported herein. Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Management Company has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Managed Accounts as reported herein. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of both the Farallon General Partner and the Management Company. (e) Not applicable. Page 33 of 58 Pages (c) The Noonday Individual Reporting Persons ---------------------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Noonday Individual Reporting Person is incorporated herein by reference for each such Noonday Individual Reporting Person. (c) None. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds. Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Management Company has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Managed Accounts. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of both the Farallon General Partner and the Management Company. (e) Not applicable. (d) The Management Company ---------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for the Management Company is incorporated herein by reference. (c) The trade dates, number of Paired Shares purchased or sold and the price per Paired Shares (including commissions) for all purchases and sales of the Paired Shares by the Management Company on behalf of the Managed Accounts in the past 60 days are set forth on Schedule H hereto and are incorporated herein by reference. All of such transactions were open-market transactions. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Management Company has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Managed Accounts as reported herein. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of the Management Company. Page 34 of 58 Pages (e) Not applicable. (e) The Farallon General Partner ---------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for the Farallon General Partner is incorporated herein by reference. (c) None. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds as reported herein. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of the Farallon General Partner. (e) Not applicable. (f) The Farallon Individual Reporting Persons ----------------------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Farallon Individual Reporting Person is incorporated herein by reference for each such Farallon Individual Reporting Person. (c) None. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds as reported herein. Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Management Company has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Managed Accounts as reported herein. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are the managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of both the Farallon General Partner and the Management Company. (e) Not applicable. Page 35 of 58 Pages The Paired Shares reported hereby for the Funds are owned directly by the Funds and those reported by the Management Company on behalf of the Managed Accounts are owned directly by the Managed Accounts. The First Noonday Sub-adviser and the Second Noonday Sub-adviser, as sub-investment advisers to the Funds and the Managed Accounts, may be deemed to be the beneficial owners of all such Paired Shares owned by the Noonday Fund and certain of the Paired Shares owned by the Farallon Funds and the Managed Accounts. The Noonday General Partner, as general partner to the Second Noonday Sub-adviser, may be deemed to be the beneficial owner of all such Paired Shares owned by the Noonday Fund and certain of the Paired Shares owned by the Farallon Funds and the Managed Accounts. The Noonday Individual Reporting Persons, as managing members of both the First Noonday Sub-adviser and the Noonday General Partner, may each be deemed to be the beneficial owner of all such Paired Shares owned by the Noonday Fund and certain of the Paired Shares owned by the Farallon Funds and the Managed Accounts. The Management Company, as investment adviser to the Managed Accounts, may be deemed to be the beneficial owner of all such Paired Shares owned by the Managed Accounts. The Farallon General Partner, as general partner to the Farallon Funds and managing member of the Noonday Fund, may be deemed to be the beneficial owner of all such Paired Shares owned by the Funds. The Farallon Individual Reporting Persons, as managing members of both the Management Company and the Farallon General Partner, may each be deemed to be the beneficial owner of all such Paired Shares owned by the Funds and the Managed Accounts. Each of the Noonday Sub-adviser Entities, the Management Company, the Farallon General Partner and the Individual Reporting Persons hereby disclaims any beneficial ownership of any such Paired Shares. Item 6. Contracts, Arrangements, Understandings Or - ------ ------------------------------------------ Relationships With Respect To Securities Of The Issuer ------------------------------------------------------ Except as described above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons or between such persons and any other person with respect to any securities of the Company, including but not limited to the transfer or voting of any securities of the Company, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. Item 7. Materials To Be Filed As Exhibits - ------ --------------------------------- There is filed herewith as Exhibit 1 a written agreement relating to the filing of joint acquisition statements as required by Section 240.13d-1(k) under the Securities Exchange Act of 1934, as amended. Page 36 of 58 Pages SIGNATURES ---------- After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: November 23, 2005 /s/ Monica R. Landry ---------------------------------------- FARALLON PARTNERS, L.L.C., On its own behalf, as the General Partner of FARALLON CAPITAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P., TINICUM PARTNERS, L.P., and FARALLON CAPITAL OFFSHORE INVESTORS II, L.P., and as the Managing Member of NOONDAY CAPITAL PARTNERS, L.L.C. By Monica R. Landry, Managing Member /s/ Monica R. Landry ---------------------------------------- FARALLON CAPITAL MANAGEMENT, L.L.C. By Monica R. Landry, Managing Member /s/ Monica R. Landry ---------------------------------------- NOONDAY G.P. (U.S.), L.L.C. By Monica R. Landry, Attorney-in-fact /s/ Monica R. Landry ---------------------------------------- NOONDAY CAPITAL, L.L.C., On its own behalf and as the General Partner of NOONDAY ASSET MANAGEMENT, L.P. By Monica R. Landry, Attorney-in-fact Page 37 of 58 Pages /s/ Monica R. Landry --------------------------------------- Monica R. Landry, individually and as attorney-in-fact for each of David I. Cohen, Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Richard B. Fried, William F. Mellin, Stephen L. Millham, Saurabh K. Mittal, Rajiv A. Patel, Derek C. Schrier, Thomas F. Steyer and Mark C. Wehrly The Powers of Attorney executed by Duhamel, Fried, Mellin, Millham, Steyer and Wehrly authorizing Landry to sign and file this Schedule 13D on each person's behalf, which were filed with Amendment No. 2 to the Schedule 13D filed with the Securities and Exchange Commission on July 16, 2003, by such Reporting Persons with respect to the Common Stock of New World Restaurant Group, Inc., are hereby incorporated by reference. The Powers of Attorney executed by Ding and Schrier authorizing Landry to sign and file this Schedule 13D on each person's behalf, which were filed with Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange Commission on July 2, 2003, by such Reporting Persons with respect to the Common Stock of Salix Pharmaceuticals, Ltd., are hereby incorporated by reference. The Powers of Attorney executed by Ellwein and Patel authorizing Landry to sign and file this Schedule 13D on each person's behalf, which was filed with Amendment No. 4 to the Schedule 13G filed with the Securities and Exchange Commission on January 8, 2004 by such Reporting Persons with respect to the Common Stock of Catalytica Energy Systems, Inc., are hereby incorporated by reference. The Powers of Attorney executed by Noonday G.P. (U.S.), L.L.C., Noonday Asset Management, L.P., Noonday Capital, L.L.C. and Cohen authorizing Landry to sign and file this Schedule 13D on each person's behalf, which were filed with Amendment No. 5 to the Schedule 13G filed with the Securities and Exchange Commission on January 10, 2005 by such Reporting Persons with respect to the Common Stock of Catalytica Energy Systems, Inc., are hereby incorporated by reference. The Power of Attorney executed by Mittal authorizing Landry to sign and file this Schedule 13D on his behalf, which was filed with Amendment No. 6 to the Schedule 13G filed with the Securities and Exchange Commission on October 5, 2005, by such Reporting Person with respect to the Common Stock of Catalytica Energy Systems, Inc., is hereby incorporated by reference. Page 38 of 58 Pages ANNEX 1 Set forth below with respect to the Noonday Sub-adviser Entities, the Management Company and the Farallon General Partner is the following information: (a) name; (b) address; (c) principal business; (d) state of organization; and (e) controlling persons. Set forth below with respect to each Individual Reporting Person is the following information: (a) name; (b) business address; (c) principal occupation; and (d) citizenship. 1. The First Noonday Sub-adviser ----------------------------- (a) Noonday G.P. (U.S.), L.L.C. (b) c/o Noonday Asset Management, L.P. 227 West Trade Street, Suite 2140 Charlotte, North Carolina 28202 (c) Serves as sub-investment adviser to investment funds (d) Delaware limited liability company (e) Managing Members: David I. Cohen and Saurabh K. Mittal 2. The Second Noonday Sub-adviser ------------------------------ (a) Noonday Asset Management, L.P. (b) 227 West Trade Street, Suite 2140 Charlotte, North Carolina 28202 (c) Serves as sub-investment adviser to investment funds (d) Delaware limited partnership (e) David I. Cohen and Saurabh K. Mittal, the managing members of its general partner 3. The Noonday General Partner --------------------------- (a) Noonday Capital, L.L.C. (b) c/o Noonday Asset Management, L.P. 227 West Trade Street, Suite 2140 Charlotte, North Carolina 28202 (c) Serves as general partner of the Second Noonday Sub-adviser (d) Delaware limited liability company (e) Managing Members: David I. Cohen and Saurabh K. Mittal 4. The Noonday Individual Reporting Persons ---------------------------------------- Cohen is a citizen of the United States. Mittal is a citizen of India. The business address of each of the Noonday Individual Reporting Persons is c/o Noonday Asset Management, L.P., 227 West Trade Street, Suite 2140, Charlotte, North Carolina 28202. The principal occupation of each of the Noonday Individual Reporting Persons is serving as the managing member of both the First Noonday Sub-adviser and the Noonday General Partner. The Noonday Individual Reporting Persons do not have any additional information to disclose Page 39 of 58 Pages with respect to Items 2-6 of the Schedule 13D that is not already disclosed in the Schedule 13D. 5. The Management Company ---------------------- (a) Farallon Capital Management, L.L.C. (b) One Maritime Plaza, Suite 1325 San Francisco, California 94111 (c) Serves as investment adviser to various managed accounts (d) Delaware limited liability company (e) Managing Members: Thomas F. Steyer, Senior Managing Member; Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Richard B. Fried, Monica R. Landry, William F. Mellin, Stephen L. Millham, Rajiv A. Patel, Derek C. Schrier and Mark C. Wehrly, Managing Members. 6. The Farallon General Partner ---------------------------- (a) Farallon Partners, L.L.C. (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza, Suite 1325 San Francisco, California 94111 (c) Serves as general partner to investment partnerships (d) Delaware limited liability company (e) Managing Members: Thomas F. Steyer, Senior Managing Member; Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Richard B. Fried, Monica R. Landry, William F. Mellin, Stephen L. Millham, Rajiv A. Patel, Derek C. Schrier and Mark C. Wehrly, Managing Members. 7. The Farallon Individual Reporting Persons ----------------------------------------- Each of the Farallon Individual Reporting Persons is a United States citizen whose business address is c/o Farallon Capital Management, L.L.C., One Maritime Plaza, Suite 1325, San Francisco, California 94111. The principal occupation of Thomas F. Steyer is serving as senior managing member of both the Management Company and the Farallon General Partner. The principal occupation of each other Farallon Individual Reporting Person is serving as a managing member of both the Management Company and the Farallon General Partner. None of the Farallon Individual Reporting Persons has any additional information to disclose with respect to Items 2-6 of the Schedule 13D that is not already disclosed in the Schedule 13D. Page 40 of 58 Pages SCHEDULE A ---------- NOONDAY CAPITAL PARTNERS, L.L.C. -------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARES ($) ------------ ------------- ------------------ 11/10/2005 2,200 10.91 11/10/2005 14,600 10.92 11/10/2005 11,800 10.92 11/11/2005 7,000 10.93 11/11/2005 1,500 10.93 11/11/2005 400 10.93 11/14/2005 3,600 10.95 11/14/2005 6,700 10.94 11/14/2005 10,000 10.95 11/14/2005 4,000 10.95 11/14/2005 11,000 10.95 11/14/2005 11,800 10.95 11/14/2005 4,000 10.95 11/15/2005 900 10.96 11/15/2005 15,700 10.97 11/15/2005 15,400 10.97 11/15/2005 5,000 10.97 11/17/2005 400 10.95 11/17/2005 300 10.95 11/18/2005 400 10.96 11/18/2005 4,300 10.95 11/18/2005 1,000 10.96 11/21/2005 14,400 10.97 Page 41 of 58 Pages SCHEDULE B ---------- FARALLON CAPITAL PARTNERS, L.P. ------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARES ($) ------------ ------------- ------------------ 11/10/2005 127,200 10.92 11/10/2005 102,900 10.92 11/10/2005 19,500 10.91 11/10/2005 133,400 10.92 11/10/2005 108,000 10.92 11/10/2005 20,500 10.91 11/11/2005 3,600 10.93 11/11/2005 56,900 10.93 11/11/2005 12,500 10.93 11/11/2005 3,800 10.93 11/11/2005 59,900 10.93 11/11/2005 13,100 10.93 11/14/2005 52,500 10.94 11/14/2005 93,100 10.95 11/14/2005 28,600 10.95 11/14/2005 86,600 10.95 11/14/2005 31,500 10.95 11/14/2005 78,800 10.95 11/14/2005 31,500 10.95 11/14/2005 200 10.93 11/14/2005 11,400 10.95 11/14/2005 55,800 10.94 11/14/2005 33,500 10.95 11/15/2005 131,600 10.94 11/15/2005 8,200 10.96 11/15/2005 138,600 10.97 11/15/2005 44,600 10.97 11/15/2005 141,300 10.97 11/15/2005 173,900 10.97 11/17/2005 2,800 10.95 11/17/2005 3,700 10.95 11/18/2005 3,200 10.96 11/18/2005 37,900 10.96 Page 42 of 58 Pages 11/18/2005 33,800 10.95 11/18/2005 28,900 10.96 11/18/2005 7,900 10.96 11/21/2005 87,700 10.97 Page 43 of 58 Pages SCHEDULE C ---------- FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P. --------------------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARES ($) ------------ ------------- ------------------ 11/10/2005 34,200 10.91 11/10/2005 180,600 10.92 11/10/2005 223,100 10.92 11/10/2005 235,600 10.92 11/10/2005 36,100 10.91 11/10/2005 190,700 10.92 11/11/2005 109,700 10.93 11/11/2005 24,100 10.93 11/11/2005 6,900 10.93 11/11/2005 25,400 10.93 11/11/2005 115,700 10.93 11/11/2005 7,300 10.93 11/14/2005 141,900 10.95 11/14/2005 132,000 10.95 11/14/2005 80,000 10.94 11/14/2005 48,000 10.95 11/14/2005 120,000 10.95 11/14/2005 48,000 10.95 11/14/2005 43,600 10.95 11/14/2005 400 10.93 11/14/2005 85,000 10.94 11/14/2005 51,000 10.95 11/14/2005 17,400 10.95 11/15/2005 34,700 10.97 11/15/2005 103,900 10.94 11/15/2005 107,800 10.97 11/15/2005 6,400 10.96 11/15/2005 109,900 10.97 11/15/2005 137,300 10.97 11/17/2005 3,200 10.95 11/17/2005 2,400 10.95 11/18/2005 25,500 10.96 Page 44 of 58 Pages 11/18/2005 33,400 10.96 11/18/2005 7,000 10.96 11/18/2005 30,000 10.95 11/18/2005 2,800 10.96 11/21/2005 54,700 10.97 Page 45 of 58 Pages SCHEDULE D ---------- FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P. ------------------------------------------------ NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARES ($) ------------ ------------- ------------------ 11/10/2005 22,900 10.92 11/10/2005 18,600 10.92 11/10/2005 3,500 10.91 11/10/2005 25,000 10.92 11/10/2005 20,300 10.92 11/10/2005 3,800 10.91 11/11/2005 700 10.93 11/11/2005 2,400 10.93 11/11/2005 11,000 10.93 11/11/2005 2,400 10.93 11/11/2005 700 10.93 11/11/2005 11,000 10.93 11/14/2005 13,300 10.95 11/14/2005 4,100 10.95 11/14/2005 4,500 10.95 11/14/2005 11,300 10.95 11/14/2005 4,500 10.95 11/14/2005 12,400 10.95 11/14/2005 7,500 10.94 11/14/2005 8,300 10.94 11/14/2005 5,000 10.95 11/14/2005 1,700 10.95 11/15/2005 7,400 10.97 11/15/2005 23,100 10.97 11/15/2005 1,400 10.96 11/15/2005 22,500 10.94 11/15/2005 23,600 10.97 11/15/2005 29,700 10.97 11/17/2005 500 10.95 11/17/2005 700 10.95 11/18/2005 9,100 10.96 11/18/2005 1,900 10.96 11/18/2005 800 10.96 Page 46 of 58 Pages 11/18/2005 6,900 10.96 11/18/2005 8,000 10.95 11/21/2005 18,700 10.97 Page 47 of 58 Pages SCHEDULE E ---------- FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P. ------------------------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARES ($) ------------ ------------- ------------------ 11/10/2005 29,200 10.92 11/10/2005 23,600 10.92 11/10/2005 4,500 10.91 11/10/2005 29,200 10.92 11/10/2005 4,500 10.91 11/10/2005 23,600 10.92 11/11/2005 13,000 10.93 11/11/2005 2,800 10.93 11/11/2005 800 10.93 11/11/2005 3,100 10.93 11/11/2005 900 10.93 11/11/2005 14,000 10.93 11/14/2005 6,000 10.95 11/14/2005 5,500 10.95 11/14/2005 16,500 10.95 11/14/2005 6,000 10.95 11/14/2005 17,700 10.95 11/14/2005 15,000 10.95 11/14/2005 10,000 10.94 11/14/2005 2,200 10.95 11/14/2005 10,800 10.94 11/14/2005 6,500 10.95 11/15/2005 1,700 10.96 11/15/2005 28,900 10.97 11/15/2005 27,700 10.94 11/15/2005 9,300 10.97 11/15/2005 29,400 10.97 11/15/2005 36,600 10.97 11/17/2005 700 10.95 11/17/2005 900 10.95 11/18/2005 8,200 10.96 Page 48 of 58 Pages 11/18/2005 9,700 10.95 11/18/2005 10,800 10.96 11/18/2005 900 10.96 11/18/2005 2,300 10.96 11/21/2005 21,600 10.97 Page 49 of 58 Pages SCHEDULE F ---------- TINICUM PARTNERS, L.P. ---------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARES ($) ------------ ------------- ------------------ 11/10/2005 3,400 10.92 11/10/2005 600 10.91 11/10/2005 4,200 10.92 11/10/2005 3,400 10.92 11/10/2005 600 10.91 11/10/2005 4,200 10.92 11/11/2005 2,000 10.93 11/11/2005 400 10.93 11/11/2005 100 10.93 11/11/2005 400 10.93 11/11/2005 2,000 10.93 11/11/2005 100 10.93 11/14/2005 2,800 10.95 11/14/2005 1,000 10.95 11/14/2005 2,500 10.95 11/14/2005 1,700 10.94 11/14/2005 900 10.95 11/14/2005 1,000 10.95 11/14/2005 3,000 10.95 11/14/2005 300 10.95 11/14/2005 1,000 10.95 11/14/2005 1,700 10.94 11/15/2005 3,900 10.97 11/15/2005 1,200 10.97 11/15/2005 200 10.96 11/15/2005 3,500 10.94 11/15/2005 3,900 10.97 11/15/2005 4,600 10.97 11/17/2005 100 10.95 11/17/2005 100 10.95 11/18/2005 100 10.96 11/18/2005 300 10.96 Page 50 of 58 Pages 11/18/2005 1,100 10.96 11/18/2005 1,100 10.95 11/18/2005 900 10.96 11/21/2005 2,900 10.97 Page 51 of 58 Pages SCHEDULE G ---------- FARALLON CAPITAL OFFSHORE INVESTORS II, L.P. -------------------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARES ($) ------------ ------------- ------------------ 11/10/2005 191,800 10.92 11/10/2005 29,400 10.91 11/10/2005 155,300 10.92 11/10/2005 163,700 10.92 11/10/2005 202,200 10.92 11/10/2005 31,000 10.91 11/11/2005 93,800 10.93 11/11/2005 20,600 10.93 11/11/2005 5,900 10.93 11/11/2005 6,200 10.93 11/11/2005 98,800 10.93 11/11/2005 21,700 10.93 11/14/2005 76,700 10.94 11/14/2005 46,000 10.95 11/14/2005 126,500 10.95 11/14/2005 114,900 10.95 11/14/2005 46,000 10.95 11/14/2005 136,000 10.95 11/14/2005 41,800 10.95 11/14/2005 300 10.93 11/14/2005 48,500 10.95 11/14/2005 16,600 10.95 11/14/2005 80,800 10.94 11/15/2005 198,200 10.97 11/15/2005 194,400 10.97 11/15/2005 11,500 10.96 11/15/2005 62,600 10.97 11/15/2005 187,000 10.94 11/15/2005 247,100 10.97 11/17/2005 4,100 10.95 11/17/2005 5,500 10.95 Page 52 of 58 Pages 11/18/2005 47,100 10.96 11/18/2005 12,900 10.96 11/18/2005 5,200 10.96 11/18/2005 55,300 10.95 11/18/2005 61,700 10.96 Page 53 of 58 Pages SCHEDULE H ---------- FARALLON CAPITAL MANAGEMENT, L.L.C. ----------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARES ($) ------------ ------------- ------------------ 11/10/2005 27,100 10.92 11/10/2005 4,200 10.91 11/10/2005 21,900 10.92 11/11/2005 14,000 10.93 11/11/2005 3,100 10.93 11/11/2005 900 10.93 11/14/2005 100 10.93 11/14/2005 6,400 10.95 11/14/2005 11,700 10.94 11/14/2005 17,500 10.95 11/14/2005 7,000 10.95 11/14/2005 7,000 10.95 11/14/2005 20,700 10.95 11/14/2005 19,300 10.95 11/15/2005 31,400 10.97 11/15/2005 30,800 10.97 11/15/2005 1,800 10.96 11/15/2005 9,900 10.97 11/17/2005 900 10.95 11/17/2005 700 10.95 11/18/2005 8,000 10.95 11/18/2005 800 10.96 11/18/2005 1,900 10.96 11/10/2005 156,900 10.92 11/10/2005 29,700 10.91 11/10/2005 193,900 10.92 11/10/2005 204,400 10.92 11/10/2005 165,300 10.92 11/10/2005 31,400 10.91 Page 54 of 58 Pages 11/11/2005 91,600 10.93 11/11/2005 5,700 10.93 11/11/2005 20,100 10.93 11/11/2005 97,600 10.93 11/11/2005 6,000 10.93 11/11/2005 21,400 10.93 11/14/2005 500 10.93 11/14/2005 153,700 10.95 11/14/2005 47,200 10.95 11/14/2005 86,500 10.94 11/14/2005 52,000 10.95 11/14/2005 142,900 10.95 11/14/2005 52,000 10.95 11/14/2005 130,000 10.95 11/14/2005 18,700 10.95 11/14/2005 90,900 10.94 11/14/2005 54,500 10.95 11/15/2005 13,525 10.96 11/15/2005 227,100 10.97 11/15/2005 73,300 10.97 11/15/2005 216,300 10.94 11/15/2005 231,600 10.97 11/15/2005 285,800 10.97 11/17/2005 4,900 10.95 11/17/2005 6,600 10.95 11/18/2005 5,800 10.96 11/18/2005 55,300 10.96 11/18/2005 64,400 10.95 11/18/2005 72,400 10.96 11/18/2005 14,800 10.96 Page 55 of 58 Pages EXHIBIT INDEX EXHIBIT 1 Joint Acquisition Statement Pursuant to Section 240.13d-1(k) Page 56 of 58 Pages EXHIBIT 1 to SCHEDULE 13D JOINT ACQUISITION STATEMENT PURSUANT TO SECTION 240.13d-1(k) -------------------------------- 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 on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition 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 therein, 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 that such information is inaccurate. Dated: November 23, 2005 /s/ Monica R. Landry ---------------------------------------- FARALLON PARTNERS, L.L.C., On its own behalf, as the General Partner of FARALLON CAPITAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P., TINICUM PARTNERS, L.P., and FARALLON CAPITAL OFFSHORE INVESTORS II, L.P., and as the Managing Member of NOONDAY CAPITAL PARTNERS, L.L.C. By Monica R. Landry, Managing Member /s/ Monica R. Landry ---------------------------------------- FARALLON CAPITAL MANAGEMENT, L.L.C. By Monica R. Landry, Managing Member /s/ Monica R. Landry ---------------------------------------- NOONDAY G.P. (U.S.), L.L.C. By Monica R. Landry, Attorney-in-fact Page 57 of 58 Pages /s/ Monica R. Landry ---------------------------------------- NOONDAY CAPITAL, L.L.C., On its own behalf and as the General Partner of NOONDAY ASSET MANAGEMENT, L.P. By Monica R. Landry, Attorney-in-fact /s/ Monica R. Landry --------------------------------------- Monica R. Landry, individually and as attorney-in-fact for each of David I. Cohen, Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Richard B. Fried, William F. Mellin, Stephen L. Millham, Saurabh K. Mittal, Rajiv A. Patel, Derek C. Schrier, Thomas F. Steyer and Mark C. Wehrly Page 58 of 58 Pages -----END PRIVACY-ENHANCED MESSAGE-----