-----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, OZt67CIy//XNha1gy4P4sFVX4yX1A0vqcsiZ2tH1h8cPZTRekk0C6TrJ8WyYdKhX Iiq+vv9blY8E38bPEdLTow== 0001104659-08-036908.txt : 20080530 0001104659-08-036908.hdr.sgml : 20080530 20080530153027 ACCESSION NUMBER: 0001104659-08-036908 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080530 DATE AS OF CHANGE: 20080530 GROUP MEMBERS: DAVID H. BATCHELDER GROUP MEMBERS: RALPH V. WHITWORTH GROUP MEMBERS: RELATIONAL COAST PARTNERS, L.P. GROUP MEMBERS: RELATIONAL FUND PARTNERS, L.P. GROUP MEMBERS: RELATIONAL INVESTORS ALPHA FUND I, L.P. GROUP MEMBERS: RELATIONAL INVESTORS III, L.P. GROUP MEMBERS: RELATIONAL INVESTORS IX, L.P. GROUP MEMBERS: RELATIONAL INVESTORS VIII, L.P. GROUP MEMBERS: RELATIONAL INVESTORS X, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XI, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XV, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XVI, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XX, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XXII, 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. GROUP MEMBERS: RH FUND 4, L.P. GROUP MEMBERS: RH FUND 6, L.P. GROUP MEMBERS: RH FUND 7, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOVEREIGN BANCORP INC CENTRAL INDEX KEY: 0000811830 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 232453088 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39453 FILM NUMBER: 08870482 BUSINESS ADDRESS: STREET 1: 1500 MARKET ST CITY: PHILADELPHIA STATE: PA ZIP: 19102 BUSINESS PHONE: 2155574630 MAIL ADDRESS: STREET 1: MC11-900-IR5 STREET 2: 1130 BERKSHIRE BLVD CITY: WYOMISSING STATE: PA ZIP: 19610 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RELATIONAL INVESTORS LLC CENTRAL INDEX KEY: 0001047644 IRS NUMBER: 330694767 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: 858.704.3333 MAIL ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 SC 13D/A 1 a08-15623_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. 11)*

 

Sovereign Bancorp, Inc.

(Name of Issuer)

 

Common Stock, no par value

(Title of Class of Securities)

 

845905108

(CUSIP Number)

 

Ralph V. Whitworth

Relational Investors, LLC

12400 High Bluff Drive, Suite 600

San Diego, CA 92130

(858) 704-3333

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

 

May 28, 2008

(Date of Event Which Requires Filing of this Statement)

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

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 ("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.   845905108

 

 

1.

Names of Reporting Persons
Relational Investors, LLC

 

 

2.

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

 

 

(a)

 x

 

 

(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
61,205,918

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
61,205,918

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
61,205,918

 

 

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)
9.24%

 

 

14.

Type of Reporting Person (See Instructions)
IA/HC/OO

 

2



 

 

1.

Names of Reporting Persons
Relational Investors, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
8,035,031

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
8,035,031

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,035,031

 

 

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)
1.21%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

3



 

 

1.

Names of Reporting Persons
Relational Fund Partners, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
253,455

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
253,455

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
253,455

 

 

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)
0.04%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

4



 

 

1.

Names of Reporting Persons
Relational Coast Partners, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
556,946

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
556,946

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
556,946

 

 

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
Relational Partners, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
190,329

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
190,329

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
190,329

 

 

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)
0.03%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

6



 

 

1.

Names of Reporting Persons
RH Fund 1, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
7,901,611

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
7,901,611

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
7,901,611

 

 

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)
1.19%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

7



 

 

1.

Names of Reporting Persons
RH Fund 2, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
2,572,018

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
2,572,018

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,572,018

 

 

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)
0.39%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

8



 

 

1.

Names of Reporting Persons
RH Fund 4, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
1,876,116

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,876,116

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,876,116

 

 

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)
0.28%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

9



 

 

1.

Names of Reporting Persons
RH Fund 6, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
3,085,368

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
3,085,368

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,085,368

 

 

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)
0.47%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

10



 

 

1.

Names of Reporting Persons
RH Fund 7, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
624,815

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
624,815

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
624,815

 

 

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)
0.09%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

11



 

 

1.

Names of Reporting Persons
Relational Investors III, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
279,435

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
279,435

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
279,435

 

 

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)
0.04%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

12



 

 

1.

Names of Reporting Persons
Relational Investors VIII, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
8,235,765

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
8,235,765

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,235,765

 

 

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)
1.24%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

13



 

 

1.

Names of Reporting Persons
Relational Investors IX, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
3,446,749

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
3,446,749

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,446,749

 

 

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)
0.52%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

14



 

 

1.

Names of Reporting Persons
Relational Investors X, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
6,159,376

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
6,159,376

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
6,159,376

 

 

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)
0.93%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

15



 

 

1.

Names of Reporting Persons
Relational Investors XI, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
1,595,062

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,595,062

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,595,062

 

 

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)
0.24%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

16



 

 

1.

Names of Reporting Persons
Relational Investors XV, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
1,346,110

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,346,110

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,346,110

 

 

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)
0.20%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

17



 

 

1.

Names of Reporting Persons
Relational Investors XVI, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
438,657

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
438,657

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
438,657

 

 

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)
0.07%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

18



 

 

1.

Names of Reporting Persons
Relational Investors XX, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
1,161,880

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,161,880

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,161,880

 

 

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)
0.18%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

19



 

 

1.

Names of Reporting Persons
Relational Investors XXII, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
1,434,890

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,434,890

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,434,890

 

 

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)
0.22%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

20



 

 

1.

Names of Reporting Persons
Relational Investors Alpha Fund I, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(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
2,837,472

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
2,837,472

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,837,472

 

 

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)
0.43%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

21



 

 

1.

Names of Reporting Persons
Ralph V. Whitworth

 

 

2.

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

 

 

(a)

 x

 

 

(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
6,735

 

8.

Shared Voting Power
61,205,918

 

9.

Sole Dispositive Power
6,735

 

10.

Shared Dispositive Power
61,205,918

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
61,212,653

 

 

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)
9.24%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

22



 

 

1.

Names of Reporting Persons
David H. Batchelder

 

 

2.

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

 

 

(a)

 x

 

 

(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
61,205,918

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
61,205,918

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
61,205,918

 

 

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)
9.24%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

23



 

Item 1.

Security and Issuer

 

This Schedule 13D/A constitutes the tenth amendment to the Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission on May 26, 2005 (the “Statement”) and amended by Amendments No. 1, No. 2, No. 3, No. 4, No. 5, No. 6, No. 7, No. 8, No. 9 and No. 10 filed by the Reporting Persons with the Securities and Exchange Commission on July 7, 2005, October 20, 2005, November 9, 2005, December 23, 2005, January 17, 2006, March 28, 2006, June 7, 2006, December 4, 2006, May 10, 2007 and May 20, 2008 respectively (“Amendments”) with respect to shares of the common stock (the “Shares”) of Sovereign Bancorp, Inc. (the “Company” or “Sovereign”). Except as specifically amended by this Schedule 13D/A, the Statement, as amended by the Amendments, remains in full force and effect.

 

 

Item 2.

Identity and Background

 

This Statement is being filed by and on behalf of Relational Investors, L.P. (“RILP”), Relational Fund Partners, L.P. (“RFP”), Relational Coast Partners, L.P. (“RCP”), Relational Partners, L.P. (“RP”), RH Fund 1, L.P. (“RHI”), RH Fund 2, L.P. (“RH2”), RH Fund 4, L.P. (“RH4”), RH Fund 6, L.P. (“RH6”), RH Fund 7, L.P. (“RH7”), Relational Investors III, L.P. (“RI III”), Relational Investors VIII, L.P. (“RI VIII”), Relational Investors IX, L.P. (“RI IX”), Relational Investors X, L.P. (“RI X”), Relational Investors XI, L.P. (“RI XI”), Relational Investors XV, L.P. (“RI XV”), Relational Investors XVI, L.P.(“RI XVI”), Relational Investors XX, L.P.(“RI XX”), Relational investors XXII, L.P.(“RI XXII”), and Relational investors Alpha Fund I, L.P (“RIA I”), collectively, the “Relational LPs.”  Each of the Relational LPs is a Delaware limited partnership.  The principal business of each,  is investing in securities.

This Statement is also being filed by and on behalf of Relational Investors LLC (“RILLC” or “Relational”), a Delaware limited liability company.  The principal business of RILLC is being the sole general partner, or the sole managing member of the general partner, of the Relational LPs and investment adviser of certain client managed accounts, the “Managed Accounts.”  The Relational LPs and the Managed Accounts are the beneficial owners of the securities covered by this Statement.  Pursuant to the Limited Partnership Agreement of each of the Relational LPs and the investment management agreement of the Managed Accounts, RILLC has sole investment discretion and voting authority with respect to the securities covered by this Statement.

This Statement is also being filed by and on behalf of Ralph V. Whitworth and David H. Batchelder.  Messrs. Whitworth and Batchelder are the Principals of RILLC, in which capacity they share voting control and dispositive power over the securities covered by this Statement.  Messrs. Whitworth and Batchelder, therefore, may be deemed to have shared indirect beneficial ownership of such securities.  The present principal occupation of each of Messrs. Whitworth and Batchelder is serving as Principals of RILLC (Messrs. Whitworth and Batchelder, together with Relational LPs and RILLC, hereinafter, the “Reporting Persons”).

During the last five years, none of the Reporting Persons has been (i) convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or (ii) a 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.

The business address of each of the Reporting Persons is 12400 High Bluff Drive, Suite 600, San Diego, CA 92130.

Messrs. Whitworth and Batchelder are citizens of the United States.

 

 

Item 3.

Source and Amount of Funds or Other Consideration

 

Item 3 of the Statement is hereby amended and restated as follows:

RILLC and the Managed Accounts purchased an aggregate of 9,174,833 Shares for a total consideration (including brokerage commissions) of $130.5 million derived from capital of the Managed Accounts and margin borrowings from certain client margin accounts at Credit Suisse Securities (USA) LLC (“CSSU”).

The Relational LPs purchased an aggregate of 52,031,085 Shares for total consideration (including brokerage commissions) of $759.2 million derived from the capital of the Relational LPs and margin borrowings from CSSU for RFP, RCP, RH1 and RH2.

Interest on the margin debt balance of the margin accounts described above is charged at the then Federal Funds Rate plus 50 basis points.  CSSU has a lien on the Shares held by certain Managed Accounts and those held by RFP, RCP, RH1 and RH2 to secure repayment of the margin borrowings described above.

 

24



 

Item 5.

Interest in Securities of the Issuer

 

Item 5 of the Statement is hereby amended and restated as follows:

(a)           As of the date of this Statement, the Reporting Persons beneficially owned in the aggregate 61,212,653 Shares, constituting 9.24% of the outstanding Shares.  The percentages of Shares reported herein are based upon 662,227,774 total Shares outstanding, including 482,540,274 Shares outstanding on May 8, 2008, as set forth in the Issuer’s Form 424B2 filed on May 14, 2008, and 179,687,500 shares issued by the Company in relation to its equity offering on May 16, 2008, as announced in a Company Press Release on May 20, 2008. The Reporting Persons may be deemed to have direct beneficial ownership of the Shares as follows:

 

NAME

 

NUMBER OF SHARES

 

% OF OUTSTANDING SHARES

 

VOTING AND DISPOSITIVE POWER

 

 

 

 

 

 

 

 

 

RILLC

 

9,174,833

 

1.39

%

SOLE

 

 

 

 

 

 

 

 

 

RILP

 

8,035,031

 

1.21

%

SOLE

 

 

 

 

 

 

 

 

 

RFP

 

253,455

 

0.04

%

SOLE

 

 

 

 

 

 

 

 

 

RCP

 

556,946

 

0.08

%

SOLE

 

 

 

 

 

 

 

 

 

RP

 

190,329

 

0.03

%

SOLE

 

 

 

 

 

 

 

 

 

RH1

 

7,901,611

 

1.19

%

SOLE

 

 

 

 

 

 

 

 

 

RH2

 

2,572,018

 

0.39

%

SOLE

 

 

 

 

 

 

 

 

 

RH4

 

1,876,116

 

0.28

%

SOLE

 

 

 

 

 

 

 

 

 

RH6

 

3,085,368

 

0.47

%

SOLE

 

 

 

 

 

 

 

 

 

RH7

 

624,815

 

0.09

%

SOLE

 

 

 

 

 

 

 

 

 

RI III

 

279,435

 

0.04

%

SOLE

 

 

 

 

 

 

 

 

 

RI VIII

 

8,235,765

 

1.24

%

SOLE

 

 

 

 

 

 

 

 

 

RI IX

 

3,446,749

 

0.52

%

SOLE

 

 

 

 

 

 

 

 

 

RI X

 

6,159,376

 

0.93

%

SOLE

 

 

 

 

 

 

 

 

 

RI XI

 

1,595,062

 

0.24

%

SOLE

 

 

 

 

 

 

 

 

 

RI XV

 

1,346,110

 

0.20

%

SOLE

 

 

 

 

 

 

 

 

 

RI XVI

 

438,657

 

0.07

%

SOLE

 

 

 

 

 

 

 

 

 

RI XX

 

1,161,880

 

0.18

%

SOLE

 

 

 

 

 

 

 

 

 

RI XXII

 

1,434,890

 

0.22

%

SOLE

 

 

 

 

 

 

 

 

 

RIA I

 

2,837,472

 

0.43

%

SOLE

 

 

 

 

 

 

 

 

 

Ralph V. Whitworth

 

6,735

 

0.00

%

SOLE

 

 

 

RILLC, individually and in its capacity as an investment adviser, may be deemed to possess direct beneficial ownership of the 9,174,833 Shares that are owned by it and the Managed Accounts.  Additionally, RILLC, as the sole general partner, or sole managing member of the general partner, of each of Relational LPs may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) the 52,031,085 Shares beneficially owned by the Relational LPs because the limited partnership agreements of the Relational LPs specify that RILLC has sole investment discretion and voting authority with respect to those Shares.

Each of Messrs. Whitworth and Batchelder, as Principals of RILLC, may be deemed to share indirect beneficial ownership of the Shares which RILLC may beneficially own.  Each of Messrs. Whitworth and Batchelder 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.

 

25



 

(b)           See item (a) above.

 

(c)           Information concerning transactions in the Shares by the Reporting Persons during the past 60 days and not previously reported is set forth in Exhibit A 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 accounts managed by RILLC may be delivered to such accounts.

 

(e)           Not applicable.

 

Item 7

Material to Be Filed as Exhibits

 

The following Exhibits are filed herewith:

 

Exhibit A – Information concerning transactions in the Shares affected by the Reporting Persons in the last 60 days and not previously reported.

 

26



 

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.

 

Dated:  May 30, 2008

 

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.

RH FUND 4, L.P.

RH FUND 6, L.P.

RH FUND 7, L.P.

RELATIONAL INVESTORS III, L.P.

RELATIONAL INVESTORS VIII, L.P.

RELATIONAL INVESTORS IX, L.P.

RELATIONAL INVESTORS X, L.P.

RELATIONAL INVESTORS XI, L.P.

RELATIONAL INVESTORS XV, L.P.

RELATIONAL INVESTORS XVI, L.P.

RELATIONAL INVESTORS XX, L.P.

RELATIONAL INVESTORS XXII, L.P.

RELATIONAL INVESTORS Alpha Fund  I, L.P.

 

By:

RELATIONAL INVESTORS, LLC

 

as general partner to each, except as the sole managing member of the general partners of Relational Investors III, L.P., Relational Investors X, L.P. and Relational Investors Alpha Fund I, L.P.

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

RELATIONAL INVESTORS, LLC

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

 

/s/ Ralph V. Whitworth

 

 

 

 

Ralph V. Whitworth

 

 

 

 

 

 

 

 

/s/ David H. Batchelder

 

 

 

 

David H. Batchelder

 

 

 

27


EX-99.A 2 a08-15623_1ex99da.htm EX-99.A

Exhibit 99.A

 

Exhibit A

 

TRANSACTIONS BY REPORTING PERSONS SINCE THE LAST FILING

 

 

 

Purchase or

 

 

 

Transaction

 

Price per
Share
(including

 

 

 

Beneficial Ownership

 

Sale

 

Quantity

 

Date

 

commission)

 

How Effected

 

Relational Investors, L.P.

 

Purchase

 

157,872

 

5/21/2008

 

$

8.11

 

Open Market

 

RH Fund 1, L.P.

 

Purchase

 

239,025

 

5/21/2008

 

$

8.11

 

Open Market

 

RH Fund 4, L.P.

 

Purchase

 

55,851

 

5/21/2008

 

$

8.11

 

Open Market

 

RH Fund 6, L.P.

 

Purchase

 

125,767

 

5/21/2008

 

$

8.11

 

Open Market

 

RH Fund 7, L.P.

 

Purchase

 

17,503

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors VIII, L.P.

 

Purchase

 

181,454

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors IX, L.P.

 

Purchase

 

78,279

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors X, L.P.

 

Purchase

 

180,420

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors XV, L.P.

 

Purchase

 

40,170

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors XVI, L.P.

 

Purchase

 

23,799

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors XX, L.P.

 

Purchase

 

38,611

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors XXII, L.P.

 

Purchase

 

76,690

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Partners, L.P.

 

Purchase

 

3,773

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

11,256

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

3,489

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Fund Partners, L.P.

 

Purchase

 

7,129

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Purchase

 

88,984

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors LLC

 

Purchase

 

164,329

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors LLC

 

Purchase

 

88,731

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors LLC

 

Purchase

 

16,775

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors LLC

 

Purchase

 

93

 

5/21/2008

 

$

8.11

 

Open Market

 

Relational Investors, L.P.

 

Purchase

 

176,279

 

5/22/2008

 

$

8.57

 

Open Market

 

RH Fund 1, L.P.

 

Purchase

 

259,953

 

5/22/2008

 

$

8.57

 

Open Market

 

RH Fund 4, L.P.

 

Purchase

 

60,888

 

5/22/2008

 

$

8.57

 

Open Market

 

RH Fund 6, L.P.

 

Purchase

 

137,844

 

5/22/2008

 

$

8.57

 

Open Market

 

RH Fund 7, L.P.

 

Purchase

 

19,080

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors VIII, L.P.

 

Purchase

 

202,081

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors IX, L.P.

 

Purchase

 

87,068

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors X, L.P.

 

Purchase

 

195,821

 

5/22/2008

 

$

8.57

 

Open Market

 

 



 

Relational Investors XV, L.P.

 

Purchase

 

43,778

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors XVI, L.P.

 

Purchase

 

26,440

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors XX, L.P.

 

Purchase

 

42,217

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors XXII, L.P.

 

Purchase

 

83,103

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Partners, L.P.

 

Purchase

 

4,212

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

12,484

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

3,842

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Fund Partners, L.P.

 

Purchase

 

7,876

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Purchase

 

103,250

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors LLC

 

Purchase

 

179,145

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors LLC

 

Purchase

 

96,747

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors LLC

 

Purchase

 

18,281

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors LLC

 

Purchase

 

97

 

5/22/2008

 

$

8.57

 

Open Market

 

Relational Investors, L.P.

 

Purchase

 

135,176

 

5/23/2008

 

$

8.53

 

Open Market

 

RH Fund 1, L.P.

 

Purchase

 

199,338

 

5/23/2008

 

$

8.53

 

Open Market

 

RH Fund 4, L.P.

 

Purchase

 

46,691

 

5/23/2008

 

$

8.53

 

Open Market

 

RH Fund 6, L.P.

 

Purchase

 

105,703

 

5/23/2008

 

$

8.53

 

Open Market

 

RH Fund 7, L.P.

 

Purchase

 

14,631

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors VIII, L.P.

 

Purchase

 

154,963

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors IX, L.P.

 

Purchase

 

66,767

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors X, L.P.

 

Purchase

 

150,162

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors XV, L.P.

 

Purchase

 

33,571

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors XVI, L.P.

 

Purchase

 

20,275

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors XX, L.P.

 

Purchase

 

32,374

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors XXII, L.P.

 

Purchase

 

63,726

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Partners, L.P.

 

Purchase

 

3,230

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

9,573

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

2,946

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Fund Partners, L.P.

 

Purchase

 

6,041

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Purchase

 

79,176

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors LLC

 

Purchase

 

137,375

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors LLC

 

Purchase

 

74,189

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors LLC

 

Purchase

 

14,018

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors LLC

 

Purchase

 

75

 

5/23/2008

 

$

8.53

 

Open Market

 

Relational Investors, L.P.

 

Purchase

 

135,537

 

5/27/2008

 

$

8.62

 

Open Market

 

RH Fund 1, L.P.

 

Purchase

 

199,871

 

5/27/2008

 

$

8.62

 

Open Market

 

RH Fund 4, L.P.

 

Purchase

 

46,816

 

5/27/2008

 

$

8.62

 

Open Market

 

 



 

RH Fund 6, L.P.

 

Purchase

 

105,985

 

5/27/2008

 

$

8.62

 

Open Market

 

RH Fund 7, L.P.

 

Purchase

 

14,670

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors VIII, L.P.

 

Purchase

 

155,376

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors IX, L.P.

 

Purchase

 

66,945

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors X, L.P.

 

Purchase

 

150,563

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors XV, L.P.

 

Purchase

 

33,660

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors XVI, L.P.

 

Purchase

 

20,329

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors XX, L.P.

 

Purchase

 

32,460

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors XXII, L.P.

 

Purchase

 

63,896

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Partners, L.P.

 

Purchase

 

3,239

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

9,598

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

2,954

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Fund Partners, L.P.

 

Purchase

 

6,056

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Purchase

 

79,387

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors LLC

 

Purchase

 

137,741

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors LLC

 

Purchase

 

74,386

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors LLC

 

Purchase

 

14,056

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors LLC

 

Purchase

 

75

 

5/27/2008

 

$

8.62

 

Open Market

 

Relational Investors, L.P.

 

Purchase

 

50,065

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors, L.P.

 

Purchase

 

165,216

 

5/28/2008

 

$

8.58

 

Open Market

 

RH Fund 1, L.P.

 

Purchase

 

73,831

 

5/28/2008

 

$

8.65

 

Open Market

 

RH Fund 1, L.P.

 

Purchase

 

243,638

 

5/28/2008

 

$

8.58

 

Open Market

 

RH Fund 4, L.P.

 

Purchase

 

17,293

 

5/28/2008

 

$

8.65

 

Open Market

 

RH Fund 4, L.P.

 

Purchase

 

57,067

 

5/28/2008

 

$

8.58

 

Open Market

 

RH Fund 6, L.P.

 

Purchase

 

39,149

 

5/28/2008

 

$

8.65

 

Open Market

 

RH Fund 6, L.P.

 

Purchase

 

129,193

 

5/28/2008

 

$

8.58

 

Open Market

 

RH Fund 7, L.P.

 

Purchase

 

5,419

 

5/28/2008

 

$

8.65

 

Open Market

 

RH Fund 7, L.P.

 

Purchase

 

17,883

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors VIII, L.P.

 

Purchase

 

57,394

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors VIII, L.P.

 

Purchase

 

189,399

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors IX, L.P.

 

Purchase

 

24,728

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors IX, L.P.

 

Purchase

 

81,604

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors X, L.P.

 

Purchase

 

55,616

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors X, L.P.

 

Purchase

 

183,532

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors XV, L.P.

 

Purchase

 

12,434

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors XV, L.P.

 

Purchase

 

41,031

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors XVI, L.P.

 

Purchase

 

7,509

 

5/28/2008

 

$

8.65

 

Open Market

 

 



 

Relational Investors XVI, L.P.

 

Purchase

 

24,780

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors XX, L.P.

 

Purchase

 

11,990

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors XX, L.P.

 

Purchase

 

39,568

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors XXII, L.P.

 

Purchase

 

23,602

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors XXII, L.P.

 

Purchase

 

77,887

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Partners, L.P.

 

Purchase

 

1,196

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Partners, L.P.

 

Purchase

 

3,948

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

3,546

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

11,700

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

1,091

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

3,601

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Fund Partners, L.P.

 

Purchase

 

2,236

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Fund Partners, L.P.

 

Purchase

 

7,382

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Purchase

 

29,324

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Purchase

 

96,770

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors LLC

 

Purchase

 

50,880

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors LLC

 

Purchase

 

167,902

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors LLC

 

Purchase

 

27,477

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors LLC

 

Purchase

 

90,675

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors LLC

 

Purchase

 

5,192

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors LLC

 

Purchase

 

17,133

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors LLC

 

Purchase

 

28

 

5/28/2008

 

$

8.65

 

Open Market

 

Relational Investors LLC

 

Purchase

 

91

 

5/28/2008

 

$

8.58

 

Open Market

 

Relational Investors, L.P.

 

Purchase

 

16,622

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors, L.P.

 

Purchase

 

58,176

 

5/29/2008

 

$

8.98

 

Open Market

 

RH Fund 1, L.P.

 

Purchase

 

24,513

 

5/29/2008

 

$

8.89

 

Open Market

 

RH Fund 1, L.P.

 

Purchase

 

85,788

 

5/29/2008

 

$

8.98

 

Open Market

 

RH Fund 4, L.P.

 

Purchase

 

5,741

 

5/29/2008

 

$

8.89

 

Open Market

 

RH Fund 4, L.P.

 

Purchase

 

20,095

 

5/29/2008

 

$

8.98

 

Open Market

 

RH Fund 6, L.P.

 

Purchase

 

12,998

 

5/29/2008

 

$

8.89

 

Open Market

 

RH Fund 6, L.P.

 

Purchase

 

45,492

 

5/29/2008

 

$

8.98

 

Open Market

 

RH Fund 7, L.P.

 

Purchase

 

1,799

 

5/29/2008

 

$

8.89

 

Open Market

 

RH Fund 7, L.P.

 

Purchase

 

6,297

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors VIII, L.P.

 

Purchase

 

19,055

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors VIII, L.P.

 

Purchase

 

66,691

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors IX, L.P.

 

Purchase

 

8,210

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors IX, L.P.

 

Purchase

 

28,734

 

5/29/2008

 

$

8.98

 

Open Market

 

 



 

Relational Investors X, L.P.

 

Purchase

 

18,464

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors X, L.P.

 

Purchase

 

64,625

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors XV, L.P.

 

Purchase

 

4,128

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors XV, L.P.

 

Purchase

 

14,448

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors XVI, L.P.

 

Purchase

 

2,493

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors XVI, L.P.

 

Purchase

 

8,726

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors XX, L.P.

 

Purchase

 

3,981

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors XX, L.P.

 

Purchase

 

13,933

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors XXII, L.P.

 

Purchase

 

7,836

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors XXII, L.P.

 

Purchase

 

27,426

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Partners, L.P.

 

Purchase

 

397

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Partners, L.P.

 

Purchase

 

1,390

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

1,177

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

4,120

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

362

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Coast Partners, L.P.

 

Purchase

 

1,268

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Fund Partners, L.P.

 

Purchase

 

741

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Fund Partners, L.P.

 

Purchase

 

2,600

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Purchase

 

9,736

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Purchase

 

34,075

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors LLC

 

Purchase

 

16,892

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors LLC

 

Purchase

 

59,122

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors LLC

 

Purchase

 

9,122

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors LLC

 

Purchase

 

31,929

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors LLC

 

Purchase

 

1,724

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors LLC

 

Purchase

 

6,033

 

5/29/2008

 

$

8.98

 

Open Market

 

Relational Investors LLC

 

Purchase

 

9

 

5/29/2008

 

$

8.89

 

Open Market

 

Relational Investors LLC

 

Purchase

 

32

 

5/29/2008

 

$

8.98

 

Open Market

 

 


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