-----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, GmUiJcaS/++biXcGgwswX4WaR4Qa5aOKf/nD39HI9YTuRDIJNLrjVtEqgHHj+vqS 7YhfuKTe51f5kCOCeLHB7A== 0001116502-05-001834.txt : 20050810 0001116502-05-001834.hdr.sgml : 20050810 20050810172516 ACCESSION NUMBER: 0001116502-05-001834 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050810 DATE AS OF CHANGE: 20050810 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SACC PARTNERS LP CENTRAL INDEX KEY: 0001123770 IRS NUMBER: 954799552 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11150 SANTA MONICA BLVD STREET 2: STE 750 CITY: LOS ANGELES STATE: CA ZIP: 90025 MAIL ADDRESS: STREET 1: 11150 SANTA MONICA BLVD STE 750 CITY: LOS ANGELES STATE: CA ZIP: 90025 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REMEC INC CENTRAL INDEX KEY: 0000769874 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 953814301 STATE OF INCORPORATION: CA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46813 FILM NUMBER: 051014398 BUSINESS ADDRESS: STREET 1: 9404 CHESAPEAKE DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92123 BUSINESS PHONE: 6195601301 SC 13D/A 1 sched13d-a.txt SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------------------- OMB APPROVAL --------------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response.............11 SCHEDULE 13D Under the Securities and Exchange Act of 1934 (Amendment No. 3)* REMEC, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 759543101 - -------------------------------------------------------------------------------- (CUSIP Number) Bryant R. Riley 11100 Santa Monica Blvd. Suite 800 Los Angeles, CA 90024 (310) 966-1444 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 1, 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 Rule 13d-1(e), 13d-1(f) or 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 Rule 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 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._75943101 13D Page 1 of 3 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SACC Partners LP; Riley Investment Management LLC; B. Riley & Co. Inc.; B. Riley & Co. Retirement Trust, Bryant R. Riley, Carleen Riley ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* WC, PF, OO ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF 1,851,398 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 44,600 _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,851,398 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 44,600 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,895,998 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.8% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* PN, IA, BD, EP, IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No.__ 75943101 13D Page 2 of 3 Pages ________________________________________________________________________________ Item 1. Security and Issuer. Common Stock of REMEC, Inc. 3790 Via De La Valle Suite 311 Del Mar, California 92014 ________________________________________________________________________________ Item 2. Identity and Background. (a) SACC Partners LP (Delaware limited partnership) Riley Investment Management LLC (Delaware limited liability company) B. Riley & Co., Inc. (Delaware corporation) B. Riley & Co. Retirement Trust (employee benefit plan) Mr. Bryant R. Riley (individual residing in California) Mrs. Carleen Riley (individual residing in California) (b) 11100 Santa Monica Blvd. Suite 800 Los Angeles, CA 90025 (c) Mr. Riley owns all of the outstanding shares of B. Riley & Co., Inc. ("BRC"), an NASD member broker-dealer. Mr. Riley also manages and owns all of the outstanding membership interests of Riley Investment Management LLC ("RIM"), an SEC registered investment adviser. RIM is the investment adviser to and general partner of SACC Partners LP ("SACC"). Mr. Riley is also a Trustee of the B. Riley & Co. Retirement Trust ("BRCRT"). Mr. and Mrs. Riley own their joint account with rights of survivorship. Mr. Riley is the sole custodian of accounts for the benefit of his children. Each entity is located at the address specified in (b) above. (d) N/A (e) N/A (f) United States ________________________________________________________________________________ Item 3. Source and Amount of Funds or Other Consideration. SACC's purchases were made with SACC partnership funds. BRC's purchases were made with BRC corporate funds. BRCRT's purchases were made with funds deposited into the Trust. Mr. and Mrs. Riley's purchases were made with personal funds. The custodial purchases were made with funds deposited into such accounts. ________________________________________________________________________________ Item 4. Purpose of Transaction. The filing person is maintaining the shares for investment purposes. CUSIP No.__ 75943101 13D Page 3 of 3 Pages ________________________________________________________________________________ Item 5. Interest in Securities of the Issuer. (a) SACC owns 1,440,443 shares of REMEC's common stock. Because RIM has sole voting and investment power over SACC's security holdings and Mr. Riley, in his role as the sole manager of RIM, controls RIM's voting and investment decisions, each of SACC, RIM and Mr. Riley may be deemed to have beneficial ownership of the 1,440,443 shares held by SACC, representing approximately 5.15% of REMEC's outstanding stock. BRC owns 339,435 shares of REMEC's common stock. Because Mr. Riley has sole voting and investment power over BRC's security holdings, both BRC and Mr. Riley may be deemed to have beneficial ownership of the 339,435 shares of REMEC's common stock, representing approximately 1.21% of REMEC's outstanding stock. BRCRT owns 71,520 shares of REMEC's common stock. Because Mr. Riley has voting and investment power over BRCRT's security holdings, both BRCRT and Mr. Riley may be deemed to have beneficial ownership of the 71,520 shares of REMEC's common stock, representing approximately 0.26% of REMEC's outstanding stock. Mr. and Mrs. Riley directly own 44,600 shares in their personal joint account, representing approximately 0.16% of REMEC's outstanding stock. Mr. Riley's children's accounts own a total of 8,040 shares of REMEC's common stock. However, although Mr. Riley controls voting and investment power over his children's custodial accounts, Mr. Riley may not be deemed to have and disclaims beneficial ownership of the 8,040 shares of REMEC's common stock in these custodial accounts, representing approximately 0.03% of REMEC's outstanding stock. To summarize, Mr. Riley may be deemed to beneficially own a total of 1,851,398 shares of REMEC common stock (6.61%) through his relationships with SACC, RIM, BRC and BRCRT. Mr. and Mrs. Riley may be deemed to beneficially own a total of 44,600 shares of REMEC common stock (0.16%) through their joint account. Mr. Riley also controls an additional 8,040 shares of REMEC common stock (0.03%) through his role as custodian over his children's accounts, although he disclaims ownership over those particular shares. (b) With respect to all of the shares that are held by each of SACC, BRC, BRCRT and the custodial accounts, Mr. Riley has sole power to vote and dispose or direct the disposition of the shares. Mr. and Mrs. Riley share the power to vote and dispose or direct the disposition of the shares in their joint account. (c) Please see Exhibit A for transactions that have taken place within the last 60 days. (d) None (e) N/A ________________________________________________________________________________ Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The relationships between Mr. Riley, SACC, RIM, BRC, BRCRT and the custodial accounts are described above under Item 2(c) above. There is no written agreement among the reporting parties regarding the REMEC shares. ________________________________________________________________________________ Item 7. Material to be Filed as Exhibits. There are no written agreements amongst the parties relating to the filing of this joint acquisition statement, nor are there any written agreements, contracts, arrangements, understandings, plans or proposals relating to (1) the borrowing of funds to finance the acquisition of shares, (2) the acquisition of issuer control, liquidation, sale of assets, merger, or change in business or corporate structure or any matter disclosed in Item 4, or (3) the transfer or voting of securities, finder's fees, joint ventures, options puts, calls, guarantees of loans, guarantees against loss or of profit, or the giving or withholding of any proxy. ________________________________________________________________________________ SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: August 5, 2005 SACC PARTNERS LP By: Riley Investment Management LLC, its General Partner By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, President RILEY INVESTMENT MANAGEMENT LLC By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, CEO B. RILEY & CO., INC. By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, Trustee B. RILEY & CO., INC. RETIREMENT TRUST By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, Individual By: /s/ Bryant R. Riley ------------------------ Carleen Riley, Individual By: /s/ Carleen Riley ------------------------ Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). Transaction Code Quantity Trade Date Price ---------------- -------- ---------- -------- SACC Sell (25,000) 6/24/2005 $ 6.2800 Sell (24,708) 6/27/2005 $ 6.3418 Sell (9,822) 6/28/2005 $ 6.4255 Sell (25,000) 7/5/2005 $ 6.4656 Buy 89,459 7/11/2005 $ 6.6500 Sell (353,749) 7/12/2005 $ 6.0287 Buy 15,400 7/18/2005 $ 5.9400 Sell (15,400) 7/18/2005 $ 5.9506 Buy 51,900 7/20/2005 $ 6.0400 Sell (51,900) 7/20/2005 $ 6.0219 Buy 25,000 7/21/2005 $ 6.0500 Sell (25,000) 7/21/2005 $ 6.0400 Buy 32,300 7/28/2005 $ 6.1300 Sell (32,300) 7/28/2005 $ 6.0968 Buy 111,500 8/1/2005 $ 6.2300 Sell (111,500) 8/1/2005 $ 6.2300 BRC Buy 93 6/16/2005 $ 6.3900 Buy 5,000 6/16/2005 $ 6.4100 Buy 5,000 6/16/2005 $ 6.4100 Buy 5,000 6/16/2005 $ 6.4000 Buy 5,000 6/16/2005 $ 6.4000 Buy 60,000 6/16/2005 $ 6.4107 Buy 2,500 6/16/2005 $ 6.4200 Buy 7,500 6/16/2005 $ 6.4100 Buy 10,000 6/16/2005 $ 6.4100 Sell (10,000) 6/16/2005 $ 6.4059 Sell (6,500) 6/16/2005 $ 6.4038 Sell (5,000) 6/16/2005 $ 6.4146 Sell (300) 6/16/2005 $ 6.4200 Sell (7,900) 6/16/2005 $ 6.4200 Sell (5,700) 6/16/2005 $ 6.4200 Sell (14,600) 6/16/2005 $ 6.4118 Sell (5,000) 6/16/2005 $ 6.4181 Sell (5,000) 6/16/2005 $ 6.4086 Sell (10,000) 6/16/2005 $ 6.4100 Sell (5,000) 6/16/2005 $ 6.4100 Sell (5,000) 6/16/2005 $ 6.4100 Sell (5,000) 6/16/2005 $ 6.4000 Sell (5,000) 6/16/2005 $ 6.4000 Sell (2,500) 6/16/2005 $ 6.4200 Sell (7,500) 6/16/2005 $ 6.4100 Buy 23,083 6/20/2005 $ 6.4500 Sell (1,000) 6/20/2005 $ 6.4700 Sell (425) 6/20/2005 $ 6.4800 Sell (13,273) 6/20/2005 $ 6.5000 Sell (10,000) 6/20/2005 $ 6.4900 Sell (1,200) 6/20/2005 $ 6.4800 Sell (78) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (400) 6/20/2005 $ 6.4900 Sell (22) 6/20/2005 $ 6.4900 Transaction Code Quantity Trade Date Price ---------------- -------- ---------- -------- Sell (156) 6/20/2005 $ 6.4700 Sell (844) 6/20/2005 $ 6.4700 Sell (475) 6/20/2005 $ 6.4700 Sell (100) 6/20/2005 $ 6.4700 Sell (500) 6/20/2005 $ 6.4700 Sell (445) 6/20/2005 $ 6.4700 Sell (299) 6/20/2005 $ 6.4700 Sell (101) 6/20/2005 $ 6.4800 Sell (200) 6/20/2005 $ 6.4800 Sell (800) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4900 Sell (800) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (200) 6/20/2005 $ 6.4800 Sell (500) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (355) 6/20/2005 $ 6.4700 Sell (200) 6/20/2005 $ 6.4700 Sell (100) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4900 Sell (80) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (200) 6/20/2005 $ 6.4900 Sell (200) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (300) 6/20/2005 $ 6.4900 Sell (300) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (200) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (100) 6/20/2005 $ 6.4900 Sell (20) 6/20/2005 $ 6.4700 Sell (1,000) 6/20/2005 $ 6.4700 Sell (200) 6/20/2005 $ 6.4700 Sell (100) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (200) 6/20/2005 $ 6.4800 Sell (400) 6/20/2005 $ 6.4900 Sell (400) 6/20/2005 $ 6.4900 Sell (200) 6/20/2005 $ 6.4900 Sell (11) 6/20/2005 $ 6.4800 Sell (89) 6/20/2005 $ 6.4800 Sell (200) 6/20/2005 $ 6.4500 Transaction Code Quantity Trade Date Price ---------------- -------- ---------- -------- Sell (11) 6/20/2005 $ 6.4800 Sell (200) 6/20/2005 $ 6.4900 Sell (200) 6/20/2005 $ 6.4900 Sell (200) 6/20/2005 $ 6.4900 Sell (400) 6/20/2005 $ 6.4900 Sell (95) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4500 Sell (422) 6/20/2005 $ 6.4500 Sell (200) 6/20/2005 $ 6.4500 Sell (100) 6/20/2005 $ 6.4500 Sell (100) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (11) 6/20/2005 $ 6.4800 Sell (89) 6/20/2005 $ 6.4800 Sell (100) 6/20/2005 $ 6.4800 Sell (2,689) 6/20/2005 $ 6.4700 Sell (100) 6/20/2005 $ 6.4700 Sell (100) 6/20/2005 $ 6.4700 Sell (100) 6/20/2005 $ 6.4700 Sell (78) 6/20/2005 $ 6.4500 Sell (400) 6/20/2005 $ 6.4500 Sell (200) 6/20/2005 $ 6.4500 Sell (64) 6/21/2005 $ 6.5374 Sell (300) 6/22/2005 $ 6.5000 Sell (300) 6/22/2005 $ 6.5000 Sell (1,800) 6/22/2005 $ 6.5100 Sell (2,199) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (350) 6/22/2005 $ 6.5000 Sell (50) 6/22/2005 $ 6.5000 Sell (550) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (50) 6/22/2005 $ 6.5000 Sell (400) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (400) 6/22/2005 $ 6.5000 Sell (500) 6/22/2005 $ 6.5000 Sell (200) 6/22/2005 $ 6.5000 Sell (400) 6/22/2005 $ 6.5000 Sell (1,200) 6/22/2005 $ 6.5000 Sell (300) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (500) 6/22/2005 $ 6.5000 Sell (300) 6/22/2005 $ 6.5000 Sell (2,500) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (1,000) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Transaction Code Quantity Trade Date Price ---------------- -------- ---------- -------- Sell (100) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (400) 6/22/2005 $ 6.5000 Sell (1,000) 6/22/2005 $ 6.5000 Sell (100) 6/22/2005 $ 6.5000 Sell (400) 6/22/2005 $ 6.5000 Sell (500) 6/22/2005 $ 6.5000 Sell (400) 6/22/2005 $ 6.5000 Sell (5,000) 6/22/2005 $ 6.5000 Sell (400) 6/22/2005 $ 6.5000 Sell (500) 6/22/2005 $ 6.5000 Buy 12,411 6/27/2005 $ 6.3168 Sell (5,000) 6/27/2005 $ 6.3200 Sell (5,000) 6/27/2005 $ 6.3076 Sell (3,041) 6/27/2005 $ 6.3200 Buy 75,000 6/29/2005 $ 6.4735 Sell (5,000) 6/29/2005 $ 6.5600 Sell (5,000) 6/29/2005 $ 6.5200 Sell (10,000) 6/29/2005 $ 6.5000 Sell (3,300) 6/29/2005 $ 6.5000 Sell (1,000) 6/29/2005 $ 6.5000 Sell (500) 6/29/2005 $ 6.5000 Sell (4,300) 6/29/2005 $ 6.5000 Sell (500) 6/29/2005 $ 6.5000 Sell (200) 6/29/2005 $ 6.5000 Sell (100) 6/29/2005 $ 6.5900 Sell (100) 6/29/2005 $ 6.5800 Sell (35,000) 6/29/2005 $ 6.5700 Sell (200) 6/29/2005 $ 6.5100 Sell (200) 6/29/2005 $ 6.4700 Sell (100) 6/29/2005 $ 6.5000 Sell (400) 6/29/2005 $ 6.5000 Sell (2,500) 6/29/2005 $ 6.5000 Sell (100) 6/29/2005 $ 6.5000 Sell (500) 6/29/2005 $ 6.5000 Sell (1,100) 6/29/2005 $ 6.5000 Sell (100) 6/29/2005 $ 6.5000 Sell (400) 6/29/2005 $ 6.5000 Sell (200) 6/29/2005 $ 6.5100 Sell (100) 6/29/2005 $ 6.5100 Sell (1,900) 6/29/2005 $ 6.5100 Sell (1,100) 6/29/2005 $ 6.5100 Sell (400) 6/29/2005 $ 6.5100 Sell (500) 6/29/2005 $ 6.5100 Sell (200) 6/29/2005 $ 6.5100 Sell (400) 6/29/2005 $ 6.5100 Sell (600) 6/29/2005 $ 6.5000 Sell (400) 6/29/2005 $ 6.5000 Sell (600) 6/29/2005 $ 6.5000 Sell (400) 6/29/2005 $ 6.5000 Sell (600) 6/29/2005 $ 6.5000 Sell (400) 6/29/2005 $ 6.5000 Sell (400) 6/29/2005 $ 6.5000 Sell (2,100) 6/29/2005 $ 6.5000 Transaction Code Quantity Trade Date Price ---------------- -------- ---------- -------- Sell (700) 6/29/2005 $ 6.5000 Sell (114) 6/29/2005 $ 6.5300 Sell (100) 6/29/2005 $ 6.5000 Sell (900) 6/29/2005 $ 6.5000 Sell (400) 6/29/2005 $ 6.5000 Sell (600) 6/29/2005 $ 6.5000 Sell (400) 6/29/2005 $ 6.5000 Sell (600) 6/29/2005 $ 6.5000 Sell (400) 6/29/2005 $ 6.5000 Buy 990 6/30/2005 $ 6.5000 Sell (990) 6/30/2005 $ 6.5000 Sell (400) 7/1/2005 $ 6.4900 Buy 25,000 7/5/2005 $ 6.4656 Sell (700) 7/5/2005 $ 6.5016 Sell (30,000) 7/5/2005 $ 6.4700 Sell (10,000) 7/5/2005 $ 6.4500 Sell (60) 7/6/2005 $ 6.5000 Sell (91) 7/8/2005 $ 6.6019 Buy 300 7/12/2005 $ 6.0400 Sell (300) 7/12/2005 $ 5.9523 Sell (314,643) 7/12/2005 $ 6.0287 Buy 600 7/15/2005 $ 5.9700 Buy 63 7/15/2005 $ 5.9500 Sell (600) 7/15/2005 $ 5.9500 Buy 25,000 7/18/2005 $ 5.9300 Sell (25,000) 7/18/2005 $ 5.9300 Sell (7,500) 7/19/2005 $ 5.9700 Sell (55,000) 7/19/2005 $ 6.0200 Sell (15,000) 7/19/2005 $ 6.0400 Sell (3,878) 7/19/2005 $ 6.0700 Sell (9,991) 7/22/2005 $ 6.0500 Buy 5,100 7/27/2005 $ 6.0500 Sell (5,100) 7/27/2005 $ 6.0500 Buy 2 7/28/2005 $ 6.0968 Buy 12,000 7/28/2005 $ 5.8100 Buy 8,000 7/28/2005 $ 5.8500 Sell (10,000) 7/28/2005 $ 5.9000 Sell (2,600) 7/28/2005 $ 5.9400 Sell (7,400) 7/28/2005 $ 5.9500 Buy 200 7/29/2005 $ 6.1500 Sell (100) 7/29/2005 $ 6.2700 Sell (700) 8/1/2005 $ 6.3000 -----END PRIVACY-ENHANCED MESSAGE-----