-----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, T7jVPl6boKKv8kUk5zdAnkROK7oSgRrMqVpyLRxp/bC3QGXKjdclivqFT125afda iz/V3/OGG/Xj8fnHsDKGfQ== 0001104659-04-001062.txt : 20040116 0001104659-04-001062.hdr.sgml : 20040116 20040116060211 ACCESSION NUMBER: 0001104659-04-001062 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20040116 GROUP MEMBERS: DAVID H. BATCHELDER GROUP MEMBERS: JAMES J. ZEHENTBAUER GROUP MEMBERS: JOEL L. REED GROUP MEMBERS: RALPH V. WHITWORTH GROUP MEMBERS: RELATIONAL COAST PARTNERS, L.P. GROUP MEMBERS: RELATIONAL FUND PARTNERS, L.P. GROUP MEMBERS: RELATIONAL INVESTORS III, L.P. GROUP MEMBERS: RELATIONAL INVESTORS, L.P. GROUP MEMBERS: RELATIONAL PARTNERS, L.P. GROUP MEMBERS: RH FUND 1, L.P. GROUP MEMBERS: RH FUND 2, L.P. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RELATIONAL INVESTORS LLC CENTRAL INDEX KEY: 0001047644 IRS NUMBER: 330694767 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 4330 LA JOLLA VILLAGE DRIVE, SUITE 220 CITY: SAN DIEGO STATE: CA ZIP: 92122 BUSINESS PHONE: 6195979400 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL SEMICONDUCTOR CORP CENTRAL INDEX KEY: 0000070530 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 952095071 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12947 FILM NUMBER: 04528535 BUSINESS ADDRESS: STREET 1: 2900 SEMICONDUCTOR DR STREET 2: PO BOX 58090 CITY: SANTA CLARA STATE: CA ZIP: 95052-8090 BUSINESS PHONE: 4087215000 MAIL ADDRESS: STREET 1: 2900 SEMICONDUCTOR DR CITY: SANTA CLARA STATE: CA ZIP: 95052-8090 SC 13D/A 1 a04-1312_1sc13da.htm SC 13D/A

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 20549

 

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934
(Amendment No.  3)*

 

NATIONAL SEMICONDUCTOR CORPORATION

(Name of Issuer)

 

Common Stock, $0.50 par value

(Title of Class of Securities)

 

637640103

(CUSIP Number)

 

Ralph V. Whitworth
Relational Investors, LLC
11975 El Camino Real, Suite 300
San Diego, CA 92130
(858) 704-3333

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

January 14, 2004

(Date of Event which Requires Filing of this Statement)

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

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

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

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   637640103

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
9,197,100

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
9,197,100

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
9,197,100

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.17%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

2



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
4,091,869

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
4,091,869

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,091,869

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
2.30%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

3



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Fund Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
81,323

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
81,323

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
81,323

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.05%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

4



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Coast Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
134,233

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
134,233

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
134,233

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.08%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

5



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
148,044

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
148,044

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
148,044

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.08%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

6



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
RH Fund 1, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,204,917

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,204,917

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,204,917

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.68%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

7



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
RH Fund 2, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
2,434,392

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
2,434,392

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,434,392

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
1.37%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

8



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors III, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
146,893

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
146,893

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
146,893

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.08%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

9



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ralph V. Whitworth

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
9,197,100

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
9,197,100

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
9,197,100

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.17%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

10



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
David H. Batchelder

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
9,197,100

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
9,197,100

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
9,197,100

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.17%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

11



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Joel L. Reed

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
9,197,000

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
9,197,000

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
9,197,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.17%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

12



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
James J. Zehentbauer

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
9,197,000

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
9,197,000

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
9,197,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.17%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

13



 

Item 4.

Purpose of Transaction

Item 4 is hereby amended and supplemented as follows:

Since the date of the last amendment, the price of the Company’s stock has materially appreciated, causing the Reporting Persons investment portfolio to become weighted in favor of its position in the Company’s stock.  Due to this weighting, the Reporting Persons have sold a portion of the Company’s shares.

Despite the sale of these shares, the Reporting Persons believe that the Company can continue to improve its performance on both an operating margin and return on invested capital basis, leading to possible further stock price appreciation.  To help ensure that the Company continues to vigorously focus on the implementation of its strategic profit-improvement initiatives, the Reporting Persons plan to continue to communicate with management. In addition, the Reporting Persons intend to retain a position of at least 5% of the Company’s outstanding stock, thereby retaining all rights afforded them pursuant to the Agreement between the Reporting Persons and the Company dated July 21, 2003.  Among other things, the Agreement entitles the Reporting Persons to access and meetings with both the Company’s senior management and board of directors, as well as, under certain circumstances, the ability to nominate a candidate for election to the board at the 2004 Annual Meeting of Stockholders, and inclusion of such nominee in the Company’s proxy materials for that meeting.

The Reporting Persons may from time to time (i) acquire additional Shares (subject to availability at prices deemed favorable) in the open market, in privately negotiated transactions or otherwise, or (2) dispose of Shares at prices deemed favorable in the open market, in privately negotiated transactions or otherwise, which could cause the Reporting Persons' ownership to fall below 5% of the Company's outstanding stock.

 

Item 5.

Interest in Securities of the Issuer

(a) As of the date of this Statement, the Reporting Persons beneficially own in the aggregate 9,197,100 Shares constituting 5.17% of the outstanding Shares (the percentage of Shares owned being based upon 178,045,016 Shares outstanding at November 23, 2003 as set forth in the Company’s Form 10-Q for the fiscal quarter ended November 23, 2003).  The Reporting Persons may be deemed to have direct beneficial ownership of the Shares as follows:

 

Name

 

Number of Shares

 

% of Outstanding Shares

 

 

 

 

 

 

 

RILLC

 

955,429

 

0.54

%

RILP

 

4,091,869

 

2.30

%

RFP

 

81,323

 

0.05

%

RCP

 

134,233

 

0.08

%

RP

 

148,044

 

0.08

%

RH1

 

1,204,917

 

0.68

%

RH2

 

2,434,392

 

1.37

%

RI III

 

146,893

 

0.08

%

 

14



 

RILLC, in its capacity as an investment management consultant, may be deemed to possess direct beneficial ownership of the 955,429 Shares that are owned by accounts which it manages.  Additionally, RILLC, as the sole general partner of each RILP, RFP, RCP, RP, RHI1 and RH2, and as the sole managing member of the general partner of RI III, may be deemed indirectly to own beneficially (as that term is defined in Rule 13d-3 under the Securities and Exchange Act of 1934) the Shares of which any of RILP, RFP, RCP, RP, RH1, RH2 and RI III may be deemed to possess direct beneficial ownership.  Each of Messrs. Whitworth, Batchelder, Reed and Zehentbauer, as Principals of RILLC, may be deemed to share beneficial ownership of the Shares which RILLC may beneficially own.  Each of Messrs. Whitworth, Batchelder, Reed and Zehentbauer disclaims beneficial ownership of such Shares for all other purposes.

To the best of the knowledge of each of the Reporting Persons, other than as set forth above, none of the persons named in Item 2 is the beneficial owner of any Shares.

(b)  RILP has the sole power to vote or direct the vote of 4,091,869 Shares and the sole power to dispose or direct the disposition of such Shares.

RFP has the sole power to vote or direct the vote of 81,323 Shares and the sole power to dispose or direct the disposition of such Shares.

RCP has the sole power to vote or direct the vote of 134,233 Shares and the sole power to dispose or direct the disposition of such Shares.

RP has the sole power to vote or direct the vote of 148,044 Shares and the sole power to dispose or direct the disposition of such Shares.

RH1 has the sole power to vote or direct the vote of 1,204,917 Shares and the sole power to dispose or direct the disposition of such Shares.

RH2 has the sole power to vote or direct the vote of 2,434,392 Shares and the sole power to dispose or direct the disposition of such Shares.

RI III has the sole power to vote or direct the vote of 146,893 Shares and the sole power to dispose or direct the disposition of such Shares.

RILLC has the sole power to vote or direct the vote of 955,429 Shares held by five accounts which it manages, and the sole power to dispose or direct the disposition of such Shares.  In addition, RILLC, as sole general partner of RILP, RFP, RCP, RP, RH1 and RH2, and as the sole managing member of the general partner of RI III, may be deemed to have the sole power to vote or direct the vote of 8,241,671 Shares held by such Reporting Persons, and the sole power to dispose or direct the disposition of such Shares.  Messrs. Batchelder, Whitworth, Reed and Zehentbauer, as the Principals of RILLC, may be deemed to share the power to vote and to dispose or direct the disposition of such Shares.

 

15



 

(c)  Information concerning transactions in the Shares by the Reporting Persons during the past 60 days is set forth in Exhibit 1 filed with this Statement.

(d)  No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Statement, except that dividends from, and proceeds from the sale of, the Shares held by the accounts managed by RILLC may be delivered to such accounts.

(e)  Not applicable.

 

16



 

Signature

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information contained in this Statement is true, complete and correct.

 

Dated: January 15, 2004

 

RELATIONAL INVESTORS, L.P.

RELATIONAL FUND PARTNERS, L.P.

RELATIONAL COAST PARTNERS, L.P.

RELATIONAL PARTNERS, L.P.

RH FUND 1, L.P.

RH FUND 2, L.P.

RELATIONAL INVESTORS III, L.P.

 

 

By:

RELATIONAL INVESTORS, LLC

 

as general partner to each, except as the sole managing member of the general partner of Relational Investors III, L.P.

 

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

 

 

 

 

 

 

RELATIONAL INVESTORS, LLC

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

 

 

 

 

 

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth

 

 

 

 

 

 

 

 

 

 

By:

/s/ David H. Batchelder

 

 

 

David H. Batchelder

 

 

 

 

 

 

 

 

 

 

By:

/s/ Joel L. Reed

 

 

 

Joel L. Reed

 

 

 

 

 

 

 

 

 

 

By:

/s/ James J. Zehentbauer

 

 

 

James J. Zehentbauer

 

 

17


EX-1 3 a04-1312_1ex1.htm EX-1

Exhibit 1

 

TRANSACTIONS IN SHARES OF THE COMPANY DURING THE PAST 60 DAYS

 

The Reporting Persons engaged in the following transactions in Shares of the Company during the past 60 days. All transactions involved sales of Shares on the New York Stock Exchange, unless marked (T) in the second column to indicate a sale in the Third Market.

 

Beneficial Ownership

 

Denotes Third Market

 

Date of Transaction

 

Number of Shares

 

Price per Share (including commission)

Relational Coast Partners, L.P.

 

 

 

12/5/2003

 

1,270.00

 

$41.79

 

Relational Fund Partners, L.P.

 

 

 

12/5/2003

 

769.00

 

$41.79

 

Relational Investors III, L.P.

 

 

 

12/5/2003

 

1,390.00

 

$41.79

 

Relational Investors LLC

 

 

 

12/5/2003

 

7,224.00

 

$41.76

 

Relational Investors LLC

 

 

 

12/5/2003

 

1,814.00

 

$41.79

 

Relational Investors, L.P.

 

 

 

12/5/2003

 

38,707.00

 

$41.79

 

Relational Partners, L.P.

 

 

 

12/5/2003

 

1,400.00

 

$41.79

 

RH Fund 1, L.P.

 

 

 

12/5/2003

 

11,398.00

 

$41.79

 

RH Fund 2, L.P.

 

 

 

12/5/2003

 

23,028.00

 

$41.79

 

Relational Coast Partners, L.P.

 

 

 

12/8/2003

 

2,189.00

 

$40.84

 

Relational Coast Partners, L.P.

 

 

 

12/8/2003

 

260.00

 

$41.37

 

Relational Fund Partners, L.P.

 

 

 

12/8/2003

 

1,326.00

 

$40.84

 

Relational Fund Partners, L.P.

 

 

 

12/8/2003

 

157.00

 

$41.37

 

Relational Investors III, L.P.

 

 

 

12/8/2003

 

2,396.00

 

$40.84

 

Relational Investors III, L.P.

 

 

 

12/8/2003

 

284.00

 

$41.37

 

Relational Investors LLC

 

 

 

12/8/2003

 

12,456.00

 

$40.81

 

Relational Investors LLC

 

 

 

12/8/2003

 

3,126.00

 

$40.84

 

Relational Investors LLC

 

 

 

12/8/2003

 

1,478.00

 

$41.34

 

Relational Investors LLC

 

 

 

12/8/2003

 

369.00

 

$41.37

 

Relational Investors LLC

 

 

 

12/8/2003

 

2.00

 

$41.38

 

Relational Investors, L.P.

 

 

 

12/8/2003

 

66,736.00

 

$40.84

 

Relational Investors, L.P.

 

 

 

12/8/2003

 

7,919.00

 

$41.37

 

Relational Partners, L.P.

 

 

 

12/8/2003

 

2,415.00

 

$40.84

 

Relational Partners, L.P.

 

 

 

12/8/2003

 

287.00

 

$41.37

 

RH Fund 1, L.P.

 

 

 

12/8/2003

 

19,652.00

 

$40.84

 

RH Fund 1, L.P.

 

 

 

12/8/2003

 

2,332.00

 

$41.37

 

RH Fund 2, L.P.

 

 

 

12/8/2003

 

39,704.00

 

$40.84

 

RH Fund 2, L.P.

 

 

 

12/8/2003

 

4,712.00

 

$41.37

 

Relational Coast Partners, L.P.

 

 

 

12/9/2003

 

1,343.00

 

$40.46

 

Relational Coast Partners, L.P.

 

T

 

12/9/2003

 

582.00

 

$40.53

 

Relational Fund Partners, L.P.

 

 

 

12/9/2003

 

813.00

 

$40.46

 

Relational Fund Partners, L.P.

 

T

 

12/9/2003

 

353.00

 

$40.53

 

Relational Investors III, L.P.

 

 

 

12/9/2003

 

1,469.00

 

$40.46

 

Relational Investors III, L.P.

 

T

 

12/9/2003

 

637.00

 

$40.53

 

Relational Investors LLC

 

 

 

12/9/2003

 

7,640.00

 

$40.43

 

Relational Investors LLC

 

 

 

12/9/2003

 

1,917.00

 

$40.46

 

Relational Investors LLC

 

T

 

12/9/2003

 

3,313.00

 

$40.50

 

Relational Investors LLC

 

T

 

12/9/2003

 

833.00

 

$40.53

 

Relational Investors, L.P.

 

 

 

12/9/2003

 

40,932.00

 

$40.46

 

Relational Investors, L.P.

 

T

 

12/9/2003

 

17,752.00

 

$40.53

 

Relational Partners, L.P.

 

 

 

12/9/2003

 

1,481.00

 

$40.46

 

Relational Partners, L.P.

 

T

 

12/9/2003

 

642.00

 

$40.53

 

RH Fund 1, L.P.

 

 

 

12/9/2003

 

12,053.00

 

$40.46

 

RH Fund 1, L.P.

 

T

 

12/9/2003

 

5,227.00

 

$40.53

 

RH Fund 2, L.P.

 

 

 

12/9/2003

 

24,352.00

 

$40.46

 

RH Fund 2, L.P.

 

T

 

12/9/2003

 

10,561.00

 

$40.53

 

Relational Coast Partners, L.P.

 

 

 

12/11/2003

 

729.00

 

$39.99

 

Relational Fund Partners, L.P.

 

 

 

12/11/2003

 

442.00

 

$39.99

 

Relational Investors III, L.P.

 

 

 

12/11/2003

 

799.00

 

$39.99

 

Relational Investors LLC

 

 

 

12/11/2003

 

4,152.00

 

$39.96

 

Relational Investors LLC

 

 

 

12/11/2003

 

1,030.00

 

$39.99

 

Relational Investors LLC

 

 

 

12/11/2003

 

12.00

 

$40.00

 

Relational Investors, L.P.

 

 

 

12/11/2003

 

22,245.00

 

$39.99

 

Relational Partners, L.P.

 

 

 

12/11/2003

 

805.00

 

$39.99

 

RH Fund 1, L.P.

 

 

 

12/11/2003

 

6,551.00

 

$39.99

 

RH Fund 2, L.P.

 

 

 

12/11/2003

 

13,235.00

 

$39.99

 

Relational Coast Partners, L.P.

 

 

 

12/12/2003

 

219.00

 

$40.16

 

Relational Fund Partners, L.P.

 

 

 

12/12/2003

 

133.00

 

$40.16

 

Relational Investors III, L.P.

 

 

 

12/12/2003

 

240.00

 

$40.16

 

Relational Investors LLC

 

 

 

12/12/2003

 

1,246.00

 

$40.13

 

Relational Investors LLC

 

 

 

12/12/2003

 

312.00

 

$40.16

 

Relational Investors, L.P.

 

 

 

12/12/2003

 

6,674.00

 

$40.16

 

Relational Partners, L.P.

 

 

 

12/12/2003

 

241.00

 

$40.16

 

RH Fund 1, L.P.

 

 

 

12/12/2003

 

1,965.00

 

$40.16

 

RH Fund 2, L.P.

 

 

 

12/12/2003

 

3,970.00

 

$40.16

 

Relational Coast Partners, L.P.

 

 

 

12/15/2003

 

1,562.00

 

$40.28

 

Relational Fund Partners, L.P.

 

 

 

12/15/2003

 

946.00

 

$40.28

 

Relational Investors III, L.P.

 

 

 

12/15/2003

 

1,709.00

 

$40.28

 

Relational Investors LLC

 

 

 

12/15/2003

 

8,885.00

 

$40.25

 

Relational Investors LLC

 

 

 

12/15/2003

 

2,197.00

 

$40.28

 

Relational Investors LLC

 

 

 

12/15/2003

 

34.00

 

$40.29

 

Relational Investors, L.P.

 

 

 

12/15/2003

 

47,605.00

 

$40.28

 

Relational Partners, L.P.

 

 

 

12/15/2003

 

1,722.00

 

$40.28

 

RH Fund 1, L.P.

 

 

 

12/15/2003

 

14,018.00

 

$40.28

 

RH Fund 2, L.P.

 

 

 

12/15/2003

 

28,322.00

 

$40.28

 

Relational Coast Partners, L.P.

 

 

 

12/30/2003

 

62.00

 

$39.97

 

Relational Fund Partners, L.P.

 

 

 

12/30/2003

 

37.00

 

$39.97

 

Relational Investors III, L.P.

 

 

 

12/30/2003

 

67.00

 

$39.97

 

Relational Investors LLC

 

 

 

12/30/2003

 

349.00

 

$39.94

 

Relational Investors LLC

 

 

 

12/30/2003

 

86.00

 

$39.97

 

Relational Investors, L.P.

 

 

 

12/30/2003

 

1,869.00

 

$39.97

 

Relational Partners, L.P.

 

 

 

12/30/2003

 

68.00

 

$39.97

 

RH Fund 1, L.P.

 

 

 

12/30/2003

 

550.00

 

$39.97

 

RH Fund 2, L.P.

 

 

 

12/30/2003

 

1,112.00

 

$39.97

 

Relational Coast Partners, L.P.

 

 

 

1/5/2004

 

4,378.00

 

$39.98

 

Relational Fund Partners, L.P.

 

 

 

1/5/2004

 

2,653.00

 

$39.98

 

Relational Investors III, L.P.

 

 

 

1/5/2004

 

4,792.00

 

$39.98

 

Relational Investors LLC

 

 

 

1/5/2004

 

24,912.00

 

$39.97

 

Relational Investors LLC

 

 

 

1/5/2004

 

6,253.00

 

$39.98

 

Relational Investors, L.P.

 

 

 

1/5/2004

 

133,473.00

 

$39.98

 

Relational Partners, L.P.

 

 

 

1/5/2004

 

4,829.00

 

$39.98

 

RH Fund 1, L.P.

 

 

 

1/5/2004

 

39,303.00

 

$39.98

 

RH Fund 2, L.P.

 

 

 

1/5/2004

 

79,407.00

 

$39.98

 

Relational Coast Partners, L.P.

 

 

 

1/6/2004

 

3,649.00

 

$40.73

 

Relational Fund Partners, L.P.

 

 

 

1/6/2004

 

2,211.00

 

$40.73

 

Relational Investors III, L.P.

 

 

 

1/6/2004

 

3,993.00

 

$40.73

 

Relational Investors LLC

 

 

 

1/6/2004

 

20,760.00

 

$40.72

 

Relational Investors LLC

 

 

 

1/6/2004

 

5,210.00

 

$40.73

 

Relational Investors, L.P.

 

 

 

1/6/2004

 

111,227.00

 

$40.73

 

Relational Partners, L.P.

 

 

 

1/6/2004

 

4,024.00

 

$40.73

 

RH Fund 1, L.P.

 

 

 

1/6/2004

 

32,753.00

 

$40.73

 

RH Fund 2, L.P.

 

 

 

1/6/2004

 

66,173.00

 

$40.73

 

Relational Coast Partners, L.P.

 

 

 

1/7/2004

 

3,842.00

 

$40.14

 

Relational Coast Partners, L.P.

 

T

 

1/7/2004

 

536.00

 

$40.25

 

Relational Fund Partners, L.P.

 

 

 

1/7/2004

 

2,328.00

 

$40.14

 

Relational Fund Partners, L.P.

 

T

 

1/7/2004

 

325.00

 

$40.25

 

Relational Investors III, L.P.

 

 

 

1/7/2004

 

4,205.00

 

$40.14

 

Relational Investors III, L.P.

 

T

 

1/7/2004

 

586.00

 

$40.25

 

Relational Investors LLC

 

 

 

1/7/2004

 

21,864.00

 

$40.13

 

Relational Investors LLC

 

 

 

1/7/2004

 

5,491.00

 

$40.14

 

Relational Investors LLC

 

T

 

1/7/2004

 

3,048.00

 

$40.24

 

Relational Investors LLC

 

T

 

1/7/2004

 

764.00

 

$40.25

 

Relational Investors, L.P.

 

 

 

1/7/2004

 

117,144.00

 

$40.14

 

Relational Investors, L.P.

 

T

 

1/7/2004

 

16,328.00

 

$40.25

 

Relational Partners, L.P.

 

 

 

1/7/2004

 

4,238.00

 

$40.14

 

Relational Partners, L.P.

 

T

 

1/7/2004

 

591.00

 

$40.25

 

RH Fund 1, L.P.

 

 

 

1/7/2004

 

34,495.00

 

$40.14

 

RH Fund 1, L.P.

 

T

 

1/7/2004

 

4,808.00

 

$40.25

 

RH Fund 2, L.P.

 

 

 

1/7/2004

 

69,693.00

 

$40.14

 

RH Fund 2, L.P.

 

T

 

1/7/2004

 

9,714.00

 

$40.25

 

Relational Coast Partners, L.P.

 

 

 

1/8/2004

 

5,182.00

 

$41.37

 

Relational Fund Partners, L.P.

 

 

 

1/8/2004

 

3,139.00

 

$41.37

 

Relational Investors III, L.P.

 

 

 

1/8/2004

 

5,670.00

 

$41.37

 

Relational Investors LLC

 

 

 

1/8/2004

 

29,479.00

 

$41.36

 

Relational Investors LLC

 

 

 

1/8/2004

 

7,399.00

 

$41.37

 

Relational Investors, L.P.

 

 

 

1/8/2004

 

157,943.00

 

$41.37

 

Relational Partners, L.P.

 

 

 

1/8/2004

 

5,714.00

 

$41.37

 

RH Fund 1, L.P.

 

 

 

1/8/2004

 

46,509.00

 

$41.37

 

RH Fund 2, L.P.

 

 

 

1/8/2004

 

93,965.00

 

$41.37

 

Relational Coast Partners, L.P.

 

 

 

1/14/2004

 

10,433.00

 

$41.10

 

Relational Fund Partners, L.P.

 

 

 

1/14/2004

 

6,320.00

 

$41.10

 

Relational Investors III, L.P.

 

 

 

1/14/2004

 

11,417.00

 

$41.10

 

Relational Investors LLC

 

 

 

1/14/2004

 

59,356.00

 

$41.09

 

Relational Investors LLC

 

 

 

1/14/2004

 

14,900.00

 

$41.10

 

Relational Investors, L.P.

 

 

 

1/14/2004

 

318,021.00

 

$41.10

 

Relational Partners, L.P.

 

 

 

1/14/2004

 

11,506.00

 

$41.10

 

RH Fund 1, L.P.

 

 

 

1/14/2004

 

93,646.00

 

$41.10

 

RH Fund 2, L.P.

 

 

 

1/14/2004

 

189,201.00

 

$41.10

 

Relational Investors LLC

 

 

 

1/15/2004

 

28,041.00

 

$40.89

 

Relational Investors LLC

 

 

 

1/15/2004

 

111,704.00

 

$40.87

 

Relational Coast Partners, L.P.

 

 

 

1/15/2004

 

19,633.00

 

$40.89

 

Relational Fund Partners, L.P.

 

 

 

1/15/2004

 

11,895.00

 

$40.89

 

RH Fund 2, L.P.

 

 

 

1/15/2004

 

356,063.00

 

$40.89

 

RH Fund 1, L.P.

 

 

 

1/15/2004

 

176,235.00

 

$40.89

 

Relational Investors III, L.P.

 

 

 

1/15/2004

 

21,485.00

 

$40.89

 

Relational Investors, L.P.

 

 

 

1/15/2004

 

474,991.00

 

$40.89

 

Relational Investors, L.P.

 

T

 

1/15/2004

 

123,500.00

 

$40.89

 

Relational Partners, L.P.

 

 

 

1/15/2004

 

21,653.00

 

$40.89

 

 


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