-----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, UAVNRKBZZbJaVmYyONxna4Ya9LfiQkf8ckY9urdjgW1PredHeiEU4leoRLAHLRRU GGOqAq9nXhtiRhJ3/ZgFBQ== 0000938775-97-000005.txt : 19970512 0000938775-97-000005.hdr.sgml : 19970512 ACCESSION NUMBER: 0000938775-97-000005 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970509 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FREQUENCY ELECTRONICS INC CENTRAL INDEX KEY: 0000039020 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 111986657 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33022 FILM NUMBER: 97598505 BUSINESS ADDRESS: STREET 1: 55 CHARLES LINDBERGH BLVD CITY: MITCHEL FIELD STATE: NY ZIP: 11553 BUSINESS PHONE: 5167944500 MAIL ADDRESS: STREET 1: 55 CHARLES LINDBERGH BOULEVARD CITY: MITCHELL FIELD STATE: NY ZIP: 11553 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BLUM RICHARD C & ASSOCIATES L P CENTRAL INDEX KEY: 0000938775 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943205364 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 909 MONTGOMERY STREET # 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 MAIL ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 22)* FREQUENCY ELECTRONICS, INC. (Name of Issuer) Common Stock, Par Value $1.00 (Title of Class of Securities) 358-010106 (CUSIP Number) Murray A. Indick Richard C. Blum & Associates, L.P. 909 Montgomery Street, Suite 400 San Francisco, CA 94133 (415) 434-1111 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 5, 1997 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 13 CUSIP NO. 358-010106 SCHEDULE 13D Page 2 of 13 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON BK CAPITAL PARTNERS III, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3091845 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 358-010106 SCHEDULE 13D Page 3 of 13 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON THE COMMON FUND S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 23-7037968 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 358-010106 SCHEDULE 13D Page 4 of 13 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON PN, IA - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 358-010106 SCHEDULE 13D Page 5 of 13 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 358-010106 SCHEDULE 13D Page 6 of 13 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-#### - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 358-010106 SCHEDULE 13D Page 7 of 13 Item 1. Security and Issuer - ---------------------------- This Amendment No. 22 (the "Amendment") to Schedule 13D relates to shares of common stock, par value $1.00 (the "Common Stock") of Frequency Electronics, Inc., a Delaware corporation (the "Issuer"). The principal executive office and mailing address of the Issuer is 55 Charles Lindbergh Blvd., Mitchell Field, NY 11553. This Amendment is being filed because of certain dispositions of the Common Stock set forth in Item 5(c) below. Item 2. Identity and Background - -------------------------------- This Amendment is filed on behalf of BK Capital Partners III, L.P., a California limited partnership ("BK III"); The Common Fund for the account of its Equity Fund, a New York non-profit corporation ("The Common Fund"); Richard C. Blum & Associates, L.P., a California limited partnership ("RCBA L.P."); Richard C. Blum & Associates, Inc., a California corporation ("RCBA Inc."); and Richard C. Blum, the Chairman and a substantial shareholder of RCBA Inc. (collectively, the "Reporting Persons"). RCBA L.P. is a California limited partnership whose principal business is acting as general partner for investment partnerships and providing investment advisory and financial consulting services. RCBA L.P. is a registered investment adviser with the Securities and Exchange Commission and with the State of California. The sole general partner of RCBA L.P. is RCBA Inc. The principal business office address of RCBA L.P. and RCBA Inc. is 909 Montgomery Street, Suite 400, San Francisco, California 94133. The names of the executive officers and directors of RCBA Inc., their addresses, citizenship and principal occupations are as follows: Name and Business Citizen- Principal Occupation Office Held Address ship or Employment - -------------------- ----------------------- --------- -------------------- Richard C. Blum 909 Montgomery St. USA President & Chairman President, Chairman Suite 400 RCBA L.P. and Director San Francisco, CA 94133 Nils Colin Lind 909 Montgomery St. Norway Managing Director Managing Director Suite 400 RCBA L.P. and Director San Francisco, CA 94133 Jeffrey W. Ubben 909 Montgomery St. USA Managing Director Managing Director Suite 400 of Investments, of Investments San Francisco, CA 94133 RCBA L.P. George F. Hamel, Jr. 909 Montgomery St. USA Managing Director Managing Director Suite 400 of Marketing, of Marketing San Francisco, CA 94133 RCBA L.P. CUSIP NO. 358-010106 SCHEDULE 13D Page 8 of 13 Name and Business Citizen- Principal Occupation Office Held Address ship or Employment - -------------------- ----------------------- --------- -------------------- Marc T. Scholvinck 909 Montgomery St. USA Managing Director Managing Director Suite 400 and Chief Financial and Chief Financial San Francisco, CA 94133 Officer, Officer RCBA, L.P. Thomas L. Kempner 40 Wall Street USA Chairman, Loeb Director New York, NY 10005 Partners Corporation, Investment Banking Business BK III is a California limited partnership whose principal business is investing in securities. Its principal office is located at 909 Montgomery Street, Suite 400, San Francisco, CA 94133. RCBA L.P. is the sole general partner of BK III. The Common Fund is a New York not-for-profit corporation principally engaged in the business of managing investments for educational institutions. The principal administrative office of The Common Fund is located at 450 Post Road East, Westport, Connecticut 06881-0909. The name, business address and present principal occupation of each of the trustees and executive officers of The Common Fund is as follows (all are United States citizens): Trustees - -------- Paul J. Aslanian Robert D. Flanigan, Jr. Vice President for Finance & Planning Vice President for Business and Swarthmore College Financial Affairs & Treasurer 500 College Avenue Spelman College Swarthmore, PA 19081-1397 350 Spelman Lane, S.W., Box 589 Atlanta, GA 30314-4399 Robert L. Bovinette President Caspa L. Harris, Jr. The Common Fund Consultant and Attorney 450 Post Road East 39109 John Wolford Road Westport, CT 06881 Waterford, VA 20197 John B. Carroll Norman G. Herbert President Associate Vice President GTE Investment Management Corp. & Treasurer Tresser Boulevard University of Michigan Seventh Floor 5032 Fleming Administration Bldg. Stamford, CT 06901 Ann Arbor, MI 48109-1340 Mayree C. Clark Managing Director, Global Research Morgan Stanley & Co., Inc. 1251 Avenue of the Americas New York, NY 10020 CUSIP NO. 358-010106 SCHEDULE 13D Page 9 of 13 William C. Hromadka Robert D. Pavey Treasurer and Assoc Sr Vice President General Partner University of Southern California Morgenthaler Ventures University Park, Treasurer's Office 629 Euclid Avenue, Suite 700 BKS 402 - Bookstore Building Cleveland, OH 44114 Los Angeles, CA 90089-2541 Andre F. Perold David M. Lascell Sylvan C. Coleman Professor Partner of Financial Management Hallenbeck, Lascell, Norris & Zorn Harvard University Graduate School One Exchange Street of Business Rochester, NY 14614-1403 Morgan Hall, 367, Soldiers Field Boston, MA 02163 John T. Leatham Chairman and Chief Executive Officer Robert S. Salomon, Jr. Security Health Providers, Inc. Principal Drake Oak Brook Plaza STI Management LLC 2215 York Road, Suite 206 36 Flying Cloud Road Oak Brook, IL 60521 Stamford, CT 06902 David J. Meagher William T. Spitz Vice President for Finance & Treasurer Treasurer Loyola University of Chicago Vanderbilt University 840 North Wabash 102 Alumni Hall Chicago, IL 60611 Nashville, TN 37240-0159 Louis W. Moelchert Vice President for Business and Finance University of Richmond Campus Drive, Room 202 Maryland Hall Richmond, VA 23173 The executive officers of The Common Fund who are not Trustees are as follows (the business address for each person is The Common Fund, 450 Post Road East, Westport, CT 06881-0909): Todd E. Petzel Curt R. Tobey Executive Vice President Senior Vice President and Chief Investment Officer William P. Miller III John S. Griswold, Jr. Senior Vice President and Senior Vice President Independent Risk Oversight Officer Maria L.C. Tapia Marita Wein Senior Vice President Vice President and Secretary To the best knowledge of the Reporting Persons, none of the entities or persons identified in this Item 2 has, during the past five years, been convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors), nor been a party to a civil proceeding of a judicial or CUSIP NO. 358-010106 SCHEDULE 13D Page 10 of 13 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. Item 3. Source and Amount of Funds or Other Consideration - ---------------------------------------------------------- Not applicable. Item 4. Purpose of Transaction - ------------------------------- The Reporting Persons disposed of all of their Common Stock between April 30, 1997 and May 7, 1997. Item 5. Interest in Securities of the Issuer - --------------------------------------------- (a) After taking into account the transactions described in Item 5(c) below, the following Reporting Persons report the following direct holdings and corresponding percentage interests in the Common Stock: Shares of Common Stock Percentage Name Stock Owned Owned - ---------------------- ------------------- ----------- BK III -0- 0% The Common Fund -0- 0% ----- --- Total -0- 0% ===== === (b) Not applicable. (c) During the last 60 days, the Reporting Persons sold the following shares of Common Stock in the open market: Name Trade Date Shares Price/Share - ------------------- ---------- ------- ----------- BK III 04-30-97 300 9.88 05-01-97 3,000 10.17 05-02-97 1,400 9.63 05-05-97 4,000 10.13 05-05-97 5,300 9.88 05-05-97 4,000 10.02 05-07-97 76,300 9.56 (continued) CUSIP NO. 358-010106 SCHEDULE 13D Page 11 of 13 Name Trade Date Shares Price/Share - ------------------- ---------- ------- ----------- The Common Fund 04-30-97 700 9.88 05-01-97 12,000 10.17 05-02-97 6,700 9.63 05-05-97 24,700 9.88 05-05-97 16,000 10.13 05-05-97 16,000 10.02 05-07-97 407,950 9.56 (d) and (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer - ------------------------------------------------------------------------------ None. Item 7. Material to be Filed as Exhibits - ----------------------------------------- Exhibit A Joint Filing Undertaking. CUSIP NO. 358-010106 SCHEDULE 13D Page 12 of 13 SIGNATURES After reasonable inquiry and to the best or our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: May 8, 1997 RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC. By /s/ Marc T. Scholvinck By /s/ Marc T. Scholvinck ------------------------------- ----------------------------------- Marc T. Scholvinck Marc T. Scholvinck Managing Director and Managing Director and Chief Financial Officer Chief Financial Officer BK CAPITAL PARTNERS III, L.P. /s/ Marc T. Scholvinck -------------------------------------- By Richard C. Blum & Associates, RICHARD C. BLUM L.P., its General Partner By Marc T. Scholvinck, By /s/ Marc T. Scholvinck Attorney-in-Fact -------------------------- Marc T. Scholvinck, Managing Director and Chief Financial Officer THE COMMON FUND By Richard C. Blum & Associates, L.P., its Investment Advisor By /s/ Marc T. Scholvinck ------------------------------- Marc T. Scholvinck, Managing Director and Chief Financial Officer CUSIP NO. 358-010106 SCHEDULE 13D Page 13 of 13 Exhibit A JOINT FILING UNDERTAKING The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13D to evidence the agreement of the below-named parties, in accordance with the rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on behalf of each such party. Dated: May 8, 1997 RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC. By /s/ Marc T. Scholvinck By /s/ Marc T. Scholvinck ------------------------------- ----------------------------------- Marc T. Scholvinck Marc T. Scholvinck Managing Director and Managing Director and Chief Financial Officer Chief Financial Officer BK CAPITAL PARTNERS III, L.P. /s/ Marc T. Scholvinck -------------------------------------- By Richard C. Blum & Associates, RICHARD C. BLUM L.P., its General Partner By Marc T. Scholvinck, By /s/ Marc T. Scholvinck Attorney-in-Fact -------------------------- Marc T. Scholvinck, Managing Director and Chief Financial Officer THE COMMON FUND By Richard C. Blum & Associates, L.P., its Investment Advisor By /s/ Marc T. Scholvinck ------------------------------- Marc T. Scholvinck, Managing Director and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----