-----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, DEyB+EEan1Z4OQaOczD5ZM0KdHB6pkGl24fWDcZ1Dj6RJLTO1VqBdBNVDe1UI2lB WVDBfjnG/oBJcZgFzd/pVg== 0000950123-03-010537.txt : 20030919 0000950123-03-010537.hdr.sgml : 20030919 20030918184326 ACCESSION NUMBER: 0000950123-03-010537 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20030919 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP INC/ CENTRAL INDEX KEY: 0000886982 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 134019460 STATE OF INCORPORATION: DE FISCAL YEAR END: 1128 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56295 FILM NUMBER: 03901778 BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP INC/ CENTRAL INDEX KEY: 0000886982 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 134019460 STATE OF INCORPORATION: DE FISCAL YEAR END: 1128 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 SC 13D/A 1 y90040sc13dza.txt AMENDMENT NO.44 TO SCHEDULE 13D SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 File No. 005-56295 ----------------------------------------------------- SCHEDULE 13D/A (Rule 13d-101) Amendment No. 44 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) The Goldman Sachs Group, Inc. --------------------- (Name of Issuer) Common Stock, par value $.01 per share --------------------------- (Title of Class of Securities) 38141G 10 4 --------------------- (CUSIP Number) Gregory K. Palm Esta E. Stecher James B. McHugh The Goldman Sachs Group, Inc. 85 Broad Street New York, New York 10004 Telephone: (212) 902-1000 -------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) September 12, 2003 -------------------- (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 [ ]. (Continued on following pages) - --------------------- CUSIP NO. 38141G 10 4 13D - --------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS: Each of the persons identified on Appendix A. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP As to a group consisting solely of Covered Persons (1) (a) [x] As to a group consisting of persons other than Covered Persons (b) [x] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS: OO as to Covered Shares(1), OO and PF as to Uncovered Shares (2) (Applies to each person listed on Appendix A.) - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ] ITEM 2(d) OR 2(e) (Applies to each person listed on Appendix A.) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States unless otherwise indicated on Appendix A. - -------------------------------------------------------------------------- 7. SOLE VOTING POWER (See Item 6) NUMBER OF As to Covered Shares, 0 SHARES As to Uncovered Shares, as stated in Appendix A BENEFICIALLY -------------------------------------------------------- OWNED BY 8. SHARED VOTING POWER (See Item 6) (Applies to each REPORTING person listed on Appendix A.) PERSON 165,239,898 Covered Shares held by Covered Persons WITH 20,300 Uncovered Shares held by Covered Persons(3) 1,614,076 other Uncovered Shares held by Covered Persons(4) -------------------------------------------------------- 9. SOLE DISPOSITIVE POWER (See Item 6) As to Covered Shares, less than 1% As to Uncovered Shares, as stated in Appendix A -------------------------------------------------------- 10. SHARED DISPOSITIVE POWER (See Item 6): As to Covered Shares, 0 As to Uncovered Shares, as stated in Appendix A - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 166,874,274 PERSON - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.17% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON: OO as to persons listed in Appendix A under the captions "Trusts" and "Limited Liability Companies"; PN as to persons listed in Appendix A under the caption "Partnerships"; CO as to persons listed in Appendix A under the caption "Corporations"; IN as to all other persons listed in Appendix A. - ------------------- (1) For a definition of this term, please see Item 2. (2) For a definition of this term, please see Item 3. (3) These are Uncovered Shares also described in Row 7 which each Covered Person is deemed to beneficially own by application of Rule 13d-5(b)(1), but do not include the Uncovered Shares described in note 4. Each Covered Person disclaims beneficial ownership of Uncovered Shares held by each other Covered Person. (4) These are Uncovered Shares held by 78 private charitable foundations established by 78 Covered Persons each of whom is a co-trustee of one or more of such private charitable foundations and may be deemed to beneficially own such Uncovered Shares. Each other Covered Person may be deemed to beneficially own such Uncovered Shares by application of Rule 13d-5(b)(1). Each such Covered Person disclaims beneficial ownership of such Uncovered Shares, and each other Covered Person also disclaims beneficial ownership of such Uncovered Shares. 2 APPENDIX A
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Bradley I. Abelow 0 0 0 0 Peter C. Aberg 0 0 0 0 Daniel A. Abut Argentina 0 0 0 0 Hilary E. Ackermann 0 0 0 0 Jeffrey D. Adams 0 0 0 0 Alberto F. Ades Argentina 0 0 0 0 Ben I. Adler 0 0 0 0 Gregory A. Agran 0 0 0 0 Raanan A. Agus 0 0 0 0 Syed H. Ahmad Pakistan 0 0 0 0 Jonathan R. Aisbitt UK 0 0 0 0 Yusuf A. Aliredha Bahrain 0 0 0 0 Andrew M. Alper 0 0 0 0 Philippe J. Altuzarra France 0 0 0 0 Ignacio Alvarez-Rendueles Spain 0 0 0 0 Rebecca Amitai 0 0 0 0 Elizabeth D. Anderson 0 0 0 0 Jason R. Anderson 0 0 0 0 John G. Andrews USA/UK 0 0 0 0 Francois Andriot France 0 0 0 0 Douglas M. Angstrom 0 0 0 0 Arnaud M. Apffel France 0 0 0 0 Lori B. Appelbaum 0 0 0 0 William W. Archer 0 0 0 0 Jesus A. Arias Spain 0 0 0 0 Philip S. Armstrong UK 0 0 0 0 John A. Ashdown UK 0 0 0 0 Akio Asuke Japan 0 0 0 0 David M. Atkinson UK 0 0 0 0 Neil Z. Auerbach 0 0 0 0 Armen A. Avanessians 0 0 0 0 Dean C. Backer 0 0 0 0 William A. Badia 0 0 0 0 Charles Baillie 0 0 0 0 Bernardo Bailo Italy 0 0 0 0 Andrew G. Baird UK 0 0 0 0 Mona H. Baird 0 0 0 0 Michiel J. Bakker The Netherlands 0 0 0 0 Mark E. Bamford 0 0 0 0 William J. Bannon 0 0 0 0 John S. Barakat 0 0 0 0 Scott B. Barringer 0 0 0 0 Steven M. Barry 0 0 0 0 Christopher M. Barter 0 0 0 0 Stacy Bash-Polley 0 0 0 0 Christopher A. Bates 0 0 0 0 David Baum 0 0 0 0 Andrew T. Bednar 0 0 0 0
3
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Frank A. Bednarz 0 0 0 0 Jonathan A. Beinner 0 0 0 0 Douglas S. Bell UK 0 0 0 0 Janet L. Bell 0 0 0 0 Ron E. Beller 0 0 0 0 Driss Ben-Brahim Morocco 0 0 0 0 Jordan M. Bender 0 0 0 0 Anna Maria J. Bentley UK 0 0 0 0 Susan M. Benz 0 0 0 0 Kenneth Berents 0 0 0 0 Michael G. Berini 0 0 0 0 Milton R. Berlinski The Netherlands 0 0 0 0 Andrew S. Berman 0 0 0 0 Frances R. Bermanzohn 0 0 0 0 Paul D. Bernard 0 0 0 0 Anthony D. Bernbaum UK 0 0 0 0 Stuart N. Bernstein 0 0 0 0 Robert A. Berry UK 0 0 0 0 John D. Bertuzzi 0 0 0 0 Elizabeth E. Beshel 0 0 0 0 Andrew M. Bevan UK 0 0 0 0 Jean-Luc Biamonti Monaco 0 0 0 0 Andrew C. Bieler 0 0 0 0 James J. Birch UK 0 0 0 0 Gary D. Black 0 0 0 0 Lloyd C. Blankfein 0 0 0 0 Abraham Bleiberg Mexico 0 0 0 0 Dorothee Blessing Germany 0 0 0 0 David W. Blood 0 0 0 0 Randall A. Blumenthal 0 0 0 0 David R. Boles 0 0 0 0 Johannes M. Boomaars The Netherlands 0 0 0 0 Douglas L. Borden 0 0 0 0 Antonio Borges Portugal 0 0 0 0 J. Theodore Borter 0 0 0 0 Alastair M. Borthwick UK 0 0 0 0 Alison L. Bott UK 0 0 0 0 Charles W.A. Bott UK 0 0 0 0 George M. Brady 0 0 0 0 Mairtin Brady Ireland 0 0 0 0 Benjamin S. Bram 0 0 0 0 Graham Branton UK 0 0 0 0 Thomas C. Brasco 0 0 0 0 Alan J. Brazil 0 0 0 0 John Breyo 0 0 0 0 Timothy J. Bridges UK 0 0 0 0 Victoria A. Bridges 0 0 0 0 Peter L. Briger, Jr. 0 0 0 0 Craig W. Broderick 0 0 0 0 Richard J. Bronks UK 0 0 0 0
4
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Julia A. Bronson 0 0 0 0 Holger Bross Germany 0 0 0 0 Julian J. Brown UK 0 0 0 0 Kathleen Brown 0 0 0 0 Melissa R. Brown 0 0 0 0 Peter D. Brundage 0 0 0 0 John J. Bu 0 0 0 0 Lawrence R. Buchalter 0 0 0 0 David D. Buckley UK 0 0 0 0 Mark J. Buisseret UK 0 0 0 0 Steven M. Bunson 0 0 0 0 Timothy B. Bunting UK 0 0 0 0 Nicholas F. Burgin 0 0 0 0 Andrew J. Burke-Smith Canada 0 0 0 0 Michael S. Burton UK 0 0 0 0 Joseph M. Busuttil 0 0 0 0 George H. Butcher III 0 0 0 0 Mary D. Byron 0 0 0 0 Jin Yong Cai China 0 0 0 0 Lawrence V. Calcano 0 0 0 0 Elizabeth V. Camp 0 0 0 0 John D. Campbell 0 0 0 0 Richard M. Campbell-Breeden UK 0 0 0 0 Sally W. Cantwell UK 0 600(5) 0 600(5) Gerald J. Cardinale 0 0 0 0 Mark M. Carhart 0 0 0 0 Mariafrancesca Carli Italy 0 0 0 0 Valentino D. Carlotti 0 0 0 0 Anthony H. Carpet 0 0 0 0 Michael J. Carr 0 0 0 0 Christopher J. Carrera 0 0 0 0 Mark Carroll 0 0 0 0 Virginia E. Carter 0 0 0 0 Mary Ann Casati 0 0 0 0 Chris Casciato 0 0 0 0 Eduardo Centola Brazil 0 0 0 0 Lik Shuen David Chan Hong Kong 0 0 0 0 David K. Chang Taiwan 0 0 0 0 Amy L. Chasen 0 0 0 0 Sacha A. Chiaramonte Germany 0 0 0 0 Andrew A. Chisholm Canada 0 0 0 0 W. Reed Chisholm, II 498 0 498 0 Thomas V. Cholnoky 0 0 0 0 Robert J. Christie 0 0 0 0 Jane P. Chwick 0 0 0 0 Peter T. Cirenza 0 0 0 0 Geoffrey G. Clark Canada 0 0 0 0
- -------------- (5) Shared with family members. 5
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- James B. Clark 0 0 0 0 Kent A. Clark Canada 0 0 0 0 Alexander Classen Switzerland 0 0 0 0 Catherine M. Claydon Canada 0 0 0 0 Zachariah Cobrinik 0 0 0 0 Abby Joseph Cohen 0 0 0 0 Lawrence A. Cohen 400 0 400 0 Marc I. Cohen 0 0 0 0 Gary D. Cohn 0 0 0 0 Christopher A. Cole 0 0 0 0 Timothy J. Cole 0 0 0 0 Colin Coleman South Africa 0 0 0 0 Marcus R. Colwell 0 0 0 0 Peter H. Comisar 0 0 0 0 Laura C. Conigliaro 0 0 0 0 Thomas V. Conigliaro 666 0 666 0 William Connell 0 0 0 0 Thomas G. Connolly Ireland/USA 0 0 0 0 Frank T. Connor 0 0 0 0 Karen R. Cook UK 0 0 0 0 Edith W. Cooper 0 0 0 0 Philip A. Cooper 0 0 0 0 Kenneth W. Coquillette 0 0 0 0 Carlos A. Cordeiro 0 0 0 0 Henry Cornell 0 0 0 0 E. Gerald Corrigan 0 0 0 0 Claudio Costamagna Italy 0 0 0 0 Marta Z. Cotton 0 0 0 0 James A. Coufos 0 0 0 0 Frank L. Coulson, Jr. 0 0 0 0 Kenneth Courtis 0 0 0 0 Eric J. Coutts UK 0 0 0 0 Beverley M. Covell UK 0 0 0 0 Randolph L. Cowen 0 0 0 0 Brahm S. Cramer Canada 0 0 0 0 Nicholas P. Crapp UK 0 0 0 0 Michael J. Crinieri 0 0 0 0 Craig W. Crossman Australia 0 0 0 0 Neil D. Crowder 0 0 0 0 Michael L. Crowl 0 0 0 0 Eduardo A. Cruz 0 0 0 0 Jeffrey R. Currie 0 0 0 0 John P. Curtin, Jr. 0 0 0 0 John W. Curtis 0 0 0 0 Matthew H. Cyzer UK 0 0 0 0 Michael D. Daffey Australia 0 0 0 0 Stephen C. Daffron 0 0 0 0 Linda S. Daines 0 0 0 0 Paul B. Daitz 0 0 0 0 John S. Daly Ireland 0 0 0 0
6
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Stephen D. Daniel Canada 0 0 0 0 Philip M. Darivoff 0 0 0 0 Matthew S. Darnall 0 0 0 0 Timothy D. Dattels Canada 0 0 0 0 Gavyn Davies UK 0 0 0 0 Stephen Davies UK 0 0 0 0 Katherine R. Davisson 0 0 0 0 Oral W. Dawe Canada 0 0 0 0 Diego De Giorgi Italy 0 0 0 0 Michael G. De Lathauwer Belgium 0 0 0 0 Jean A. De Pourtales France/UK 0 0 0 0 Giorgio De Santis Italy 0 0 0 0 Luigi de Vecchi Italy 0 0 0 0 David A. Dechman 0 0 0 0 Daniel L. Dees 0 0 0 0 Bradley S. DeFoor 0 0 0 0 Mark Dehnert 0 0 0 0 Paul C. Deighton UK 0 0 0 0 Alvaro del Castano Spain 0 0 0 0 James Del Favero Australia 0 0 0 0 Juan A. Del Rivero Spain 0 0 0 0 Robert V. Delaney, Jr. 0 0 0 0 Joseph Della Rosa 0 0 0 0 Roger E. Denby-Jones UK 0 0 0 0 Neil V. DeSena 0 0 0 0 Martin R. Devenish UK 0 0 0 0 Andrew C. Devenport UK 0 0 0 0 Stephen D. Dias UK 0 0 0 0 Armando A. Diaz 0 0 0 0 Alexander C. Dibelius Germany 0 0 0 0 David G. Dick UK 0 0 0 0 James D. Dilworth 0 0 0 0 Simon P. Dingemans UK 0 0 0 0 Joseph P. DiSabato 0 0 0 0 Michele I. Docharty 0 0 0 0 Paula A. Dominick 0 0 0 0 Noel B. Donohoe Ireland 0 0 0 0 Suzanne O. Donohoe 0 0 0 0 James H. Donovan 0 0 0 0 Jana Hale Doty 0 0 0 0 Robert G. Doumar, Jr. 0 0 0 0 Thomas M. Dowling 0 0 0 0 John O. Downing 0 0 0 0 Mario Draghi Italy 0 0 0 0 Michael B. Dubno 0 0 0 0 Connie K. Duckworth 0 0 0 0 William C. Dudley 0 0 0 0 Donald J. Duet 0 0 0 0 Brian J. Duffy 0 0 0 0 Brian Duggan 0 0 0 0
7
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- C. Steven Duncker 0 0 0 0 Karlo J. Duvnjak Canada 0 0 0 0 Jay S. Dweck 0 0 0 0 Michael L. Dweck 0 0 0 0 Gordon E. Dyal 0 0 0 0 Isabelle Ealet France 0 0 0 0 Glenn P. Earle UK 0 0 0 0 David C. Earling 0 0 0 0 Seaborn S. Eastland 0 0 0 0 Kenneth M. Eberts, III 0 0 0 0 Paul S. Efron 0 0 0 0 Herbert E. Ehlers 0 0 0 0 Robert K. Ehudin 0 0 0 0 John E. Eisenberg 0 0 0 0 Edward K. Eisler Austria 0 0 0 0 Jason H. Ekaireb UK 0 0 0 0 Gregory H. Ekizian 0 0 0 0 Aubrey J. Ellis 0 0 0 0 Kathy G. Elsesser 0 0 0 0 Glenn D. Engel 0 0 0 0 Peter C. Enns Canada 0 0 0 0 Katherine B. Enquist 0 0 0 0 Earl S. Enzer 0 0 0 0 Christopher H. Eoyang 0 0 0 0 Christian Erickson 0 0 0 0 Fred W. Esiri UK 0 0 0 0 James P. Esposito 0 0 0 0 Michael P. Esposito 0 0 0 0 George C. Estey Canada 0 0 0 0 Mark D. Ettenger 0 0 0 0 Bruce J. Evans 0 0 0 0 J. Michael Evans Canada 0 0 0 0 W. Mark Evans Canada 0 0 0 0 Charles P. Eve UK 0 0 0 0 Elizabeth C. Fascitelli 0 0 0 0 Jeffrey F. Fastov 0 0 0 0 Douglas L. Feagin 0 0 0 0 Regina M. Feeney 0 0 0 0 Pieter Maarten Feenstra The Netherlands 0 0 0 0 Norman Feit 0 0 0 0 Steven M. Feldman 0 0 0 0 Laurie R. Ferber 0 0 0 0 Luca D. Ferrari 0 0 0 0 John A. Ferro, Jr. 0 0 0 0 Gail S. Fierstein 0 0 0 0 David A. Fishman 0 0 0 0 Lawton W. Fitt 0 0 0 0 Stephen C. Fitzgerald Australia 0 0 0 0 Thomas M. Fitzgerald III 0 0 0 0 Daniel M. FitzPatrick 0 0 0 0
8
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- James A. Fitzpatrick 0 0 0 0 Pierre-Henri Flamand France 0 0 0 0 David N. Fleischer 0 0 0 0 Alexander W. Fletcher UK 0 0 0 0 Mark C. Fletcher UK 0 0 0 0 David B. Ford 0 134(6) 0 134(6) Edward C. Forst 0 0 0 0 George B. Foussianes 0 0 0 0 Stephen H. Frank 0 0 0 0 Oliver L. Frankel 0 0 0 0 Orit P. Freedman Israel 0 0 0 0 Matthew T. Fremont-Smith 0 0 0 0 Christopher G. French UK 0 0 0 0 Timothy G. Freshwater UK 0 0 0 0 Jacob Y. Friedman 0 0 0 0 Richard A. Friedman 0 0 0 0 Matthias K. Frisch Switzerland 0 0 0 0 Robert K. Frumkes 0 0 0 0 C. Douglas Fuge 0 0 0 0 Shirley Fung UK 0 0 0 0 Timothy T. Furey 0 0 0 0 Enrico S. Gaglioti 0 0 0 0 Maryann L. Gallivan 0 2000(7) 0 2000(7) Gonzalo R. Garcia Chile 0 0 0 0 James R. Garvey Ireland 0 0 0 0 Joseph D. Gatto 0 0 0 0 Richard A. Genna 0 0 0 0 Hywel D. George UK 0 0 0 0 Peter C. Gerhard 0 0 0 0 Kenneth K. Gershenfeld 0 0 0 0 Rajiv A. Ghatalia India 0 0 0 0 Robert R. Gheewalla 0 0 0 0 Nomi P. Ghez Israel/USA 0 0 0 0 Scott A. Gieselman 0 0 0 0 Gary T. Giglio 0 0 0 0 H. John Gilbertson, Jr. 0 0 0 0 Nicholas G. Giordano 0 300(8) 0 300(8) Joseph H. Gleberman 0 0 0 0 Justin G. Gmelich 0 0 0 0 Richard J. Gnodde Ireland/South 0 0 0 0 Africa Jeffrey B. Goldenberg 0 2,860(9) 0 2,860(9) Jacob D. Goldfield 0 0 0 0 Daniel C. Goldwater UK 0 0 0 0 James S. Golob 0 0 0 0
- ------------------------- (6) Shared with family members. (7) Shared with family members. (8) Shared with family members. (9) Shared with family members. 9
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Gregg A. Gonsalves 0 0 0 0 Amy O. Goodfriend 0 0 0 0 Larry J. Goodwin 0 0 0 0 Andrew M. Gordon 0 0 0 0 Robert D. Gottlieb 0 0 0 0 Gregory M. Gould 0 0 0 0 Frank J. Governali 0 0 0 0 Lorenzo Grabau Italy 0 0 0 0 Geoffrey T. Grant 0 0 0 0 William M. Grathwohl 0 0 0 0 Pedro Gonzalez Grau Spain 0 0 0 0 Eldridge F. Gray 0 0 0 0 Michael J. Graziano 0 0 0 0 Carmen A. Greco 0 0 0 0 Stefan Green Australia 0 0 0 0 David J. Greenwald 0 0 0 0 Louis S. Greig UK 0 0 0 0 William W. Gridley 0 0 0 0 Peter W. Grieve 0 0 0 0 Christopher Grigg UK 0 0 0 0 Edward Sebastian Grigg UK/France 0 0 0 0 Michael J. Grimaldi 0 0 0 0 Douglas C. Grip 0 0 0 0 Peter Gross 0 0 0 0 David J. Grounsell UK 0 0 0 0 Eric P. Grubman 0 0 0 0 Arun M. Gunewardena Sri Lanka 0 0 0 0 Celeste A. Guth 0 0 0 0 Joseph D. Gutman 0 0 0 0 Douglas A. Guzman Canada 0 0 0 0 Erol Hakanoglu Turkey 0 0 0 0 David R. Hansen Australia 0 0 0 0 Mary L. Harmon 0 0 0 0 Roger C. Harper 0 0 0 0 Robert S. Harrison 0 0 0 0 Valerie J. Harrison UK 0 0 0 0 Shelley A. Hartman 0 0 0 0 Paul R. Harvey 0 0 0 0 Rumiko Hasegawa Japan 0 0 0 0 Arthur J. Hass 0 0 0 0 Nobumichi Hattori Japan 0 0 0 0 Stephen J. Hay UK 0 0 0 0 Keith L. Hayes UK 0 0 0 0 Edward A. Hazel 840 300(10) 840 300(10) Thomas J. Healey 0 0 0 0 Robert C. Heathcote UK 0 0 0 0 Sylvain M. Hefes France 0 0 0 0
- --------------- (10) Shared with family members. 10
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Douglas C. Heidt 0 0 0 0 David B. Heller 0 0 0 0 Steven M. Heller 0 0 0 0 William L. Hemphill 0 0 0 0 Ruud G. Hendriks The Netherlands 0 0 0 0 David P. Hennessey 0 0 0 0 R. Douglas Henderson 0 0 0 0 David L. Henle 0 600 0 600 Mary C. Henry 0 0 0 0 Benoit Herault France 0 0 0 0 Peter C. Herbert 0 0 0 0 Bruce A. Heyman 0 0 0 0 Stephen Hickey 0 0 0 0 Melina E. Higgins 0 0 0 0 Robert E. Higgins 0 0 0 0 Joanne M. Hill 0 0 0 0 Michael I. Hill UK 0 0 0 0 M. Roch Hillenbrand 0 0 0 0 Donald W. Himpele 0 0 0 0 Kenneth W. Hitchner 0 0 0 0 Maykin Ho 0 0 0 0 Timothy E. Hodgson Canada 0 0 0 0 Axel Hoerger Germany 0 0 0 0 Jacquelyn M. Hoffman-Zehner Canada 0 0 0 0 Christopher G. Hogg New Zealand/USA 0 0 0 0 Simon N. Holden UK 0 0 0 0 Margaret J. Holen 0 0 0 0 Daniel E. Holland III 0 0 0 0 Teresa E. Holliday 0 0 0 0 Peter Hollmann Germany 0 0 0 0 Philip Holzer Germany 0 0 0 0 Gregory T. Hoogkamp 0 0 0 0 Sean C. Hoover 0 0 0 0 Shin Horie Japan 0 0 0 0 Jay D. Horine 0 0 0 0 Robert D. Hormats 0 0 0 0 Robert G. Hottensen, Jr. 577 0 577 0 Thomas J. Houle 0 0 0 0 Michael R. Housden UK 0 0 0 0 Zu Liu Frederick Hu China 0 0 0 0 Paul J. Huchro 0 0 0 0 James A. Hudis 0 0 0 0 Terry P. Hughes Ireland 0 0 0 0 Bimaljit S. Hundal UK 0 0 0 0 Edith A. Hunt 0 0 0 0 Susan J. Hunt UK 0 0 0 0 Janet T. Hurley 0 0 0 0 Fern Hurst 0 0 0 0 Robert J. Hurst 100 0 100 0
11
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Elizabeth A. Husted 0 0 0 0 Walter V. Hutcherson 0 0 0 0 Phillip S. Hylander UK 0 0 0 0 John S. Iglehart 0 0 0 0 Robert F. Incorvaia 0 0 0 0 Toni-Dara Infante 0 0 0 0 Francis J. Ingrassia 0 0 0 0 Timothy J. Ingrassia 0 0 0 0 Margaret H. Isdale 0 0 0 0 Hideki Ishibashi Japan 0 0 0 0 Raymond J. Iwanowski 0 0 0 0 Walter A. Jackson 0 0 0 0 William L. Jacob III 0 0 0 0 Arthur L. Jacobson, Jr. 0 0 0 0 James A. Jacobson 0 0 0 0 Richard I. Jaffee 0 0 0 0 Stefan J. Jentzsch Germany 0 0 0 0 Andrew R. Jessop UK 0 0 0 0 Dan H. Jester 0 0 0 0 Thomas Jevon 0 0 0 0 Daniel J. Jick 0 0 0 0 David M. Jimenez-Blanco Spain 0 0 0 0 Peter T. Johnston 522 0 522 0 Andrew J. Jonas 0 0 0 0 Adrian M. Jones Ireland 0 0 0 0 Emerson P. Jones 0 0 0 0 Robert C. Jones 0 0 0 0 Terrence O. Jones 0 0 0 0 William J. Jones 0 0 0 0 Roy R. Joseph Guyana 0 0 0 0 Kenneth L. Josselyn 0 0 0 0 Chansoo Joung 0 0 0 0 Andrew J. Kaiser 0 0 0 0 Ann F. Kaplan 21 0 21 0 Barry A. Kaplan 0 0 0 0 David A. Kaplan 0 0 0 0 Jason S. Kaplan 0 0 0 0 Robert S. Kaplan 0 0 0 0 Scott B. Kapnick 0 1,666(11) 0 1,666(11) Atul Kapur India 0 0 0 0 Erland S. Karlsson Sweden 0 0 0 0 James M. Karp 0 0 0 0 Toshinobu Kasai Japan 0 0 0 0 Shunji Katayama Japan 0 0 0 0 Richard Katz 0 0 0 0 Robert J. Katz 0 0 0 0 James C. Katzman 0 0 0 0
- ------------------ (11) Shared with family members. 12
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- David K. Kaugher 0 0 0 0 Alan S. Kava 0 0 0 0 Larry M. Kellerman 0 0 0 0 John L. Kelly 0 0 0 0 Carsten Kengeter Germany 0 0 0 0 Kevin W. Kennedy 0 0 0 0 Gioia M. Kennett 0 0 0 0 William J. Kenney 0 0 0 0 Thomas J. Kenny 0 0 0 0 Steven Kerr 0 0 0 0 John G. Ketterer III 0 0 0 0 Lawrence S. Keusch 0 0 0 0 Rustom N. Khandalavala 0 0 0 0 Philippe Khuong-Huu France 0 0 0 0 Peter A. Kiernan UK 0 0 0 0 Peter D. Kiernan III 0 0 0 0 Sun Bae Kim Canada 0 0 0 0 Douglas W. Kimmelman 445 0 445 0 Colin E. King Canada 428 0 428 0 Robert C. King, Jr. 0 0 0 0 Timothy M. Kingston 0 0 0 0 Shigeki Kiritani Japan 0 0 0 0 Ewan M. Kirk UK 0 0 0 0 Remy Klammers France 0 0 0 0 Daniel H. Klebes II 0 0 0 0 Michael Klimek 0 0 0 0 Michael K. Klingher 0 0 0 0 Jonathan R. Knight UK 0 0 0 0 Bradford C. Koenig 0 0 0 0 Andreas Koernlein Germany 0 0 0 0 Mark J. Kogan 0 0 0 0 J. Christopher A. Kojima Canada 0 0 0 0 Kazuaki Kojima Japan 0 0 0 0 Jonathan L. Kolatch 0 0 0 0 Jeffrey A. Kolitch 0 0 0 0 Richard E. Kolman 0 0 0 0 Takahiro Komatsu Japan 0 0 0 0 Philip J. Kopp III 0 0 0 0 David J. Kostin 0 0 0 0 Koji Kotaka Japan 0 0 0 0 Peter S. Kraus 15 0 15 0 Srihari Kumar India 0 0 0 0 Mary Lyn Valkenburg Kurish 0 0 0 0 Eiichiro Kuwana Japan 0 0 0 0 Joon Kwun South Korea 0 0 0 0 Peter Labbat 0 0 0 0 Peggy A. Lamb 0 0 0 0 Simon M. Lamb UK 0 0 0 0 David G. Lambert 0 0 0 0 Joseph A. LaNasa III 0 0 0 0
13
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Eric S. Lane 0 0 0 0 Thomas K. Lane 0 0 0 0 Rudolf N. Lang Germany 0 0 0 0 Gary R. Lapidus 0 0 0 0 Bruce M. Larson 0 0 0 0 Thomas D. Lasersohn 0 0 0 0 Anthony D. Lauto 0 0 0 0 John J. Lauto 0 0 0 0 Matthew Lavicka 0 0 0 0 Peter T. Lawler 0 0 0 0 David N. Lawrence 0 0 0 0 Peter Layton 0 0 0 0 Susan R. Leadem 0 0 0 0 Andrew D. Learoyd UK 0 0 0 0 Brian J. Lee 0 0 0 0 Chan-Keun Lee South Korea 0 0 0 0 George C. Lee 0 0 0 0 Gregory D. Lee Australia 0 0 0 0 Kenneth H. M. Leet 0 0 0 0 Richard O. Leggett 0 0 0 0 Tim Leissner Brazil 0 0 0 0 Anthony J. Leitner 0 0 0 0 Todd W. Leland 0 0 0 0 Paulo C. Leme 0 0 0 0 Gregg R. Lemkau 0 0 0 0 Remco O. Lenterman The Netherlands 0 0 0 0 Hughes B. Lepic France 0 0 0 0 Johan H. Leven Sweden 0 0 0 0 Ronald S. Levin 0 0 0 0 Allan S. Levine 0 0 0 0 Brian T. Levine 0 0 0 0 Jack Levy 0 0 0 0 Richard J. Levy UK 0 0 0 0 Tobin V. Levy 0 0 0 0 P. Jeremy Lewis 0 0 0 0 Thomas B. Lewis, Jr. 0 0 0 0 Mark E. Leydecker 0 0 0 0 Matthew G. L'Heureux 0 0 0 0 Michael Liberman 0 0 0 0 George C. Liberopoulos Canada/USA 0 0 0 0 Gwen R. Libstag 0 0 0 0 Stephen C. Lichtenauer 0 0 0 0 Roger A. Liddell UK 0 0 0 0 Richard J. Lieb 0 0 0 0 Lisette M. Lieberman 764 0 764 0 Mitchell J. Lieberman 0 0 0 0 Richerd C. Lightburn 0 0 0 0 Terence Tayseop Lim South Korea 0 0 0 0 Ryan D. Limaye 0 0 0 0 Josephine Linden UK 0 0 0 0
14
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Lawrence H. Linden 0 0 0 0 Anthony W. Ling UK 0 0 0 0 Bonnie S. Litt 0 0 0 0 Robert Litterman 0 0 0 0 Robert H. Litzenberger 0 0 0 0 David McD. A. Livingstone Australia 0 0 0 0 Jill E. Lohrfink 0 0 0 0 Douglas F. Londal 0 0 0 0 Jacques M. Longerstaey USA/Belgium 0 0 0 0 Joseph Longo 0 0 0 0 Jonathan M. Lopatin 0 0 0 0 Francisco Lopez-Balboa 0 0 0 0 Victor M. Lopez-Balboa 0 0 0 0 Antigone Loudiadis UK 0 0 0 0 Kevin L. Lundeen 0 0 0 0 Mark A. Lynch UK 0 0 0 0 Michael R. Lynch 0 0 0 0 Richard E. Lyon, III 0 0 0 0 Peter B. MacDonald UK 0 0 0 0 Mark G. Machin UK 0 0 0 0 Paula B. Madoff 0 0 0 0 Shogo Maeda Japan 0 0 0 0 Christopher J. Magarro 0 0 0 0 John A. Mahoney 0 0 0 0 Sean O. Mahoney 0 0 0 0 Russell E. Makowsky 0 0 0 0 Keith A. Malas 0 0 0 0 Puneet Malhi UK 0 0 0 0 Peter G. C. Mallinson UK 0 0 0 0 John V. Mallory 0 0 0 0 Kathleen M. Maloney 0 0 0 0 Jean E. Manas Greece 0 0 0 0 Charles G. R. Manby UK 0 0 0 0 Robert S. Mancini 0 0 0 0 Barry A. Mannis 0 0 0 0 Simon I. Mansfield 0 0 0 0 Elizabeth C. Marcellino 0 0 0 0 Ronald G. Marks 0 0 0 0 Robert J. Markwick UK 0 0 0 0 Nicholas I. Marovich 0 0 0 0 David J. Marshall 0 0 0 0 Allan S. Marson UK 0 0 0 0 Eff W. Martin 0 0 0 0 Alison J. Mass 0 0 0 0 Robert A. Mass 0 0 0 0 John J. Masterson 0 0 0 0 David J. Mastrocola 0 0 0 0 Blake W. Mather 0 0 0 0 Kathy M. Matsui 0 0 0 0 Naomi Matsuoka Japan 0 0 0 0
15
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- George N. Mattson 0 0 0 0 Thomas J. McAdam 85 0 85 0 Richard F. McArdle 0 0 0 0 John J. McCabe 0 0 0 0 Theresa E. McCabe 0 0 0 0 Joseph M. McConnell 0 0 0 0 Ian R. McCormick UK 0 0 0 0 Lynn M. McCormick 0 0 0 0 Gordon R. McCulloch UK 0 0 0 0 Mark E. McGoldrick 0 0 0 0 Joseph P. McGrath, Jr. 0 0 0 0 Stephen J. McGuinness 0 0 0 0 John C. McIntire 0 0 0 0 Matthew B. McLennan Australia 0 0 0 0 John W. McMahon 0 0 0 0 Geraldine F. McManus 0 0 0 0 Gerald C. McNamara, Jr. 0 0 0 0 James A. McNamara 0 215(12) 0 215(12) Richard P. McNeil Jamaica 0 0 0 0 Audrey A. McNiff 0 0 0 0 John P. McNulty 0 0 0 0 Stuart G. McPherson UK 0 0 0 0 Robert A. McTamaney 0 0 0 0 E. Scott Mead 160 0 160 0 Lance P. Meaney 0 0 0 0 Sharon I. Meers 0 0 0 0 David M. Meerschwam The Netherlands 0 0 0 0 Sanjeev K. Mehra India 0 0 0 0 Christian A. Meissner Austria 0 0 0 0 Stephen J. Mellas 0 0 0 0 Andrew J. Melnick 0 0 0 0 Bruce H. Mendelsohn 100 400(13) 100 400(13) Michael A. Mendelson 0 0 0 0 Bernard A. Mensah UK 0 0 0 0 Garry E. Menzel UK 0 0 0 0 T. Willem Mesdag 0 0 0 0 Andrew L. Metcalfe UK 0 0 0 0 Julian R. Metherell UK 0 0 0 0 Michael R. Miele 0 0 0 0 Therese L. Miller 0 0 0 0 Michael J. Millette 0 0 0 0 James E. Milligan 0 0 0 0 Milton R. Millman 0 0 0 0 Eric M. Mindich 0 0 0 0 Luciana D. Miranda Brazil 0 0 0 0 Edward S. Misrahi Italy 0 0 0 0
- -------------- (12) Shared with family members. (13) Shared with family members. 16
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Masatoki J. Mitsumata Japan 0 0 0 0 Steven T. Mnuchin 0 0 0 0 Masanori Mochida Japan 0 0 0 0 Timothy H. Moe 0 0 0 0 Douglas D. Moffitt 0 0 0 0 Philip J. Moffitt Australia 0 0 0 0 Karsten N. Moller Denmark 0 0 0 0 Thomas K. Montag 0 0 0 0 William C. Montgomery 0 0 0 0 Wayne L. Moore 0 0 0 0 J. Ronald Morgan, III 0 0 0 0 Yukihiro Moroe Japan 0 0 0 0 James P. Morris 0 0 0 0 R. Scott Morris 0 0 0 0 Robert B. Morris III 0 0 0 0 Simon P. Morris UK 0 0 0 0 Thomas C. Morrow 0 0 0 0 Jeffrey M. Moslow 0 0 0 0 Sharmin Mossavar-Rahmani UK 0 0 0 0 Gregory T. Mount 0 0 0 0 Ian Mukherjee UK 0 0 0 0 Edward A. Mule 0 0 0 0 Donald R. Mullen 0 0 0 0 Eric D. Mullins 0 0 0 0 Donald J. Mulvihill 0 0 0 0 Patrick E. Mulvihill Ireland 0 0 0 0 Alvise J. Munari UK 0 0 0 0 Robert G. Munro UK 0 0 0 0 Rie Murayama Japan 0 0 0 0 Richard A. Murley UK 0 0 0 0 Philip D. Murphy 0 0 0 0 Thomas S. Murphy, Jr. 0 0 0 0 Gaetano J. Muzio 0 0 0 0 Marc O. Nachmann Germany 0 0 0 0 Michiya Nagai Japan 0 0 0 0 Avi M. Nash 0 0 0 0 Kevin D. Naughton 227 0 227 0 Mark J. Naylor UK 0 0 0 0 Jeffrey P. Nedelman 0 0 0 0 Daniel M. Neidich 58 0 58 0 Kipp M. Nelson 0 0 0 0 Leslie S. Nelson 0 0 0 0 Robin Neustein 0 0 0 0 Claire M. Ngo 0 0 0 0 Duncan L. Niederauer 0 0 0 0 Theodore E. Niedermayer USA/France 0 0 0 0 Erik F. Nielsen Denmark 0 0 0 0 Hideya Niimi Japan 0 0 0 0 Susan M. Noble UK 0 0 0 0
17
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Markus J. Noe-Nordberg Austria 0 0 0 0 Suok J. Noh 0 0 0 0 David J. Nolan Australia 0 0 0 0 Suzanne M. Nora Johnson 0 0 0 0 Christopher K. Norton 0 0 0 0 Michael E. Novogratz 0 0 0 0 Jay S. Nydick 0 0 0 0 Katherine K. Oakley 0 0 0 0 Eric M. Oberg 0 0 0 0 Alok Oberoi India 0 0 0 0 Gavin G. O'Connor 0 0 0 0 Fergal J. O'Driscoll Ireland 0 0 0 0 L. Peter O'Hagan Canada 0 0 0 0 Terence J. O'Neill UK 0 0 0 0 Timothy J. O'Neill 0 0 0 0 Richard T. Ong Malaysia 0 0 0 0 Taneki Ono Japan 0 0 0 0 Donald C. Opatrny, Jr. 0 0 0 0 Daniel P. Opperman 0 0 0 0 Daniel B. O'Rourke 0 0 0 0 Roderick S. Orr UK 0 0 0 0 Calum M. Osborne UK 0 0 0 0 Robert J. O'Shea 0 0 0 0 Joel D. Ospa 0 0 0 0 Greg M. Ostroff 0 0 0 0 Nigel M. O'Sullivan UK 0 0 0 0 James B. Otness 0 0 0 0 Terence M. O'Toole 0 0 0 0 Brett R. Overacker 0 0 0 0 Todd G. Owens 0 0 0 0 Fumiko Ozawa Japan 0 0 0 0 Robert J. Pace 0 0 0 0 Helen Paleno 0 0 0 0 Gregory K. Palm 0 0 0 0 Bryant F. Pantano 0 0 0 0 Massimo Pappone Italy 0 0 0 0 James R. Paradise UK 0 0 0 0 Simon Y. Park 0 0 0 0 Geoffrey M. Parker 0 0 0 0 Archie W. Parnell 100 100(14) 100 100(14) Ketan J. Patel UK 0 0 0 0 Sheila H. Patel 0 0 0 0 Douglas S. Patterson 0 0 0 0 Henry M. Paulson, Jr. 0 0 0 0 David T. Pearson 0 0 0 0 Arthur J. Peponis 287 0 287 0 David E. Perlin 0 0 0 0
- --------------- (14) Shared with family members. 18
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- David B. Philip 0 0 0 0 Todd J. Phillips 0 0 0 0 Stephen R. Pierce 0 0 0 0 Philip J. Pifer 0 0 0 0 Steven M. Pinkos 0 0 0 0 Scott M. Pinkus 0 0 0 0 Timothy C. Plaut Germany 0 0 0 0 Andrea Ponti Italy/USA 0 0 0 0 Ellen R. Porges 0 0 0 0 Wiet H.M. Pot The Netherlands 0 0 0 0 Michael J. Poulter UK 0 0 0 0 John J. Powers 0 0 0 0 Richard H. Powers 0 0 0 0 Alberto Pravettoni Italy 0 0 0 0 Michael A. Price 0 0 0 0 Scott Prince 0 0 0 0 Anthony J. Principato 35 0 35 0 Steven D. Pruett 0 0 0 0 Andrew F. Pyne 0 0 0 0 Kevin A. Quinn 0 0 0 0 Stephen D. Quinn 0 0 0 0 William M. Quinn 0 0 0 0 B. Andrew Rabin 0 0 0 0 Jean Raby Canada 0 0 0 0 John J. Rafter Ireland 0 0 0 0 Jonathan Raleigh 0 0 0 0 Dioscoro-Roy I. Ramos Philippines 0 0 0 0 Gregory G. Randolph 0 0 0 0 Charlotte P. Ransom UK 0 0 0 0 Michael G. Rantz 0 0 0 0 Philip A. Raper UK 0 0 0 0 Alan M. Rapfogel 0 0 0 0 Sandy C. Rattray UK 0 0 0 0 Joseph Ravitch 0 0 0 0 Sara E. Recktenwald 0 0 0 0 Girish V. Reddy 0 0 0 0 Nicholas T. Reid UK 0 0 0 0 David Reilly UK 0 0 0 0 Gene Reilly 0 0 0 0 Arthur J. Reimers III 0 0 0 0 Filip A. Rensky 0 0 0 0 Jeffrey A. Resnick 0 0 0 0 Richard J. Revell UK 0 0 0 0 Peter Richards UK 0 0 0 0 Michael J. Richman 0 0 0 0 Thomas S. Riggs, III 0 0 0 0 James P. Riley, Jr. 0 0 0 0 Kirk L. Rimer 0 0 0 0 Kimberly E. Ritrievi 0 0 0 0 Paul M. Roberts UK 0 0 0 0
19
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Richard T. Roberts 5 0 5 0 William M. Roberts 0 0 0 0 Simon M. Robertson UK 0 0 0 0 Juliet A. Robinson UK 0 0 0 0 Normann G. Roesch Germany 0 0 0 0 Marina L. Roesler USA/Brazil 0 0 0 0 James H. Rogan 0 0 0 0 J. David Rogers 0 200(15) 0 200(15) John F. W. Rogers 0 0 0 0 Emmanuel Roman France 0 0 0 0 Eileen P. Rominger 0 0 0 0 Pamela P. Root 0 0 0 0 Ralph F. Rosenberg 0 0 0 0 David J. Rosenblum 0 0 0 0 Jacob D. Rosengarten 0 0 0 0 Richard J. Rosenstein 0 0 0 0 Ivan Ross 0 0 0 0 Marc A. Rothenberg 0 0 0 0 Stuart M. Rothenberg 0 0 0 0 Michael S. Rotter 0 0 0 0 Thomas A. Roupe 0 0 0 0 Michael S. Rubinoff 0 0 0 0 Paul M. Russo 0 0 0 0 John P. Rustum Ireland/USA 0 0 0 0 Richard M. Ruzika 0 0 0 0 David C. Ryan 0 0 0 0 David M. Ryan Australia 0 0 0 0 Jeri Lynn Ryan 0 0 0 0 John C. Ryan 0 0 0 0 Michael D. Ryan 0 0 0 0 Katsunori Sago Japan 0 0 0 0 Pablo J. Salame Ecuador 0 0 0 0 Roy J. Salameh 0 0 0 0 J. Michael Sanders 0 0 0 0 Allen Sangines-Krause Mexico 212 0 212 0 Richard A. Sapp 0 0 0 0 Neil I. Sarnak 0 0 0 0 Joseph Sassoon Israel 0 0 0 0 Atsuko Sato Japan 0 0 0 0 Tsutomu Sato Japan 240 0 240 0 Muneer A. Satter 0 0 0 0 Marc P. Savini 0 0 0 0 Jonathan S. Savitz 0 0 0 0 Peter Savitz 0 0 0 0 James E. Sawtell UK 0 0 0 0 Paul S. Schapira Italy 0 0 0 0 P. Sheridan Schechner 1,000 0 1,000 0
- --------------------- (15) Shared with family members. 20
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Marcus Schenck Germany 0 0 0 0 Susan J. Scher 0 0 0 0 Gary B. Schermerhorn 0 0 0 0 Stephen M. Scherr 0 0 0 0 Howard B. Schiller 0 0 0 0 Erich P. Schlaikjer 0 0 0 0 Daniel Schmitz Germany 0 0 0 0 Jeffrey W. Schroeder 0 0 0 0 Matthew L. Schroeder 0 0 0 0 Antoine Schwartz France 0 0 0 0 Eric S. Schwartz 0 0 0 0 Harvey M. Schwartz 0 0 0 0 Mark Schwartz 0 0 0 0 Thomas M. Schwartz 0 1,900(16) 0 1,900(16) Steven M. Scopellite 0 0 0 0 David J. Scudellari 0 0 0 0 Charles B. Seelig, Jr. 0 0 0 0 Peter A. Seibold 0 0 0 0 Karen D. Seitz 0 0 0 0 Anik Sen UK 0 0 0 0 Randolph Sesson, Jr. 0 0 0 0 Steven M. Shafran 0 0 0 0 Lisa M. Shalett 0 0 0 0 Richard S. Sharp UK 0 0 0 0 John P. Shaughnessy 0 0 0 0 Robert J. Shea, Jr. 0 0 0 0 Daniel M. Shefter 0 0 0 0 David G. Shell 0 0 0 0 James M. Sheridan 0 0 0 0 Richard G. Sherlund 0 0 0 0 Michael S. Sherwood UK 0 0 0 0 Masaru Shibata Japan 0 0 0 0 David A. Shiffman 0 0 0 0 Abraham Shua 0 0 0 0 Susan E. Sidd 0 0 0 0 Michael H. Siegel 0 0 0 0 Daniel J. Silber 0 0 0 0 Leslie C. Sillcox 0 0 0 0 Ralph J. Silva 0 0 0 0 Harry Silver 0 0 0 0 Howard A. Silverstein 0 0 0 0 Richard P. Simon 0 0 0 0 Victor R. Simone, Jr. 0 0 0 0 David T. Simons 0 0 0 0 Christine A. Simpson 0 0 0 0 Dinakar Singh 0 0 0 0 Ravi M. Singh 0 0 0 0 Ravi Sinha India/USA 0 0 0 0
- --------------- (16) Shared with family members. 21
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Edward M. Siskind 0 0 0 0 Christian J. Siva-Jothy UK 0 0 0 0 Mark F. Slaughter 0 0 0 0 Guy C. Slimmon UK 0 0 0 0 Jeffrey S. Sloan 0 0 0 0 Linda J. Slotnick 0 0 0 0 Cody J Smith 0 1,000(17) 0 1,000(17) Derek S. Smith 0 0 0 0 Michael M. Smith 0 0 0 0 Sarah E. Smith UK 0 0 0 0 Trevor A. Smith UK 0 0 0 0 John E. Smollen 0 0 0 0 Jonathan S. Sobel 0 0 0 0 David M. Solomon 0 0 0 0 Judah C. Sommer 0 0 0 0 Theodore T. Sotir 0 0 0 0 Sergio E. Sotolongo 0 0 0 0 Vickrie C. South 0 0 0 0 Daniel L. Sparks 0 0 0 0 Nicholas J. Spencer UK 0 0 0 0 Claudia Spiess Switzerland 0 0 0 0 Marc A. Spilker 0 0 0 0 Howard Q. Spooner UK 0 0 0 0 Joseph F. Squeri 0 0 0 0 Christoph W. Stanger Austria 0 0 0 0 Daniel W. Stanton 0 0 0 0 Steven R. Starker 0 0 0 0 Keith G. Starkey UK 0 0 0 0 Esta E. Stecher 0 0 0 0 Cathrine Steck 0 0 0 0 Fredric E. Steck 0 0 0 0 Robert K. Steel 0 0 0 0 Jean-Michel Steg France 0 0 0 0 Joseph P. Stevens 0 0 0 0 Chase O. Stevenson 0 0 0 0 Richard J. Stingi 0 0 0 0 Raymond S. Stolz 0 0 0 0 Timothy T. Storey Canada 0 0 0 0 George C. Strachan 0 0 0 0 Raymond B. Strong, III 0 0 0 0 Steven H. Strongin 0 0 0 0 Nobumichi Sugiyama Japan 0 0 0 0 Christopher P. Sullivan USA/Ireland 0 0 0 0 Patrick Sullivan 0 0 0 0 Johannes R. Sulzberger Austria 0 0 0 0 Hsueh J. Sung Taiwan 0 0 0 0 Howard B. Surloff 0 0 0 0
- --------------- (17) Shared with family members. 22
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Richard J. Sussman 0 0 0 0 Peter D. Sutherland S.C. Ireland 0 0 0 0 Watanan Suthiwartnarueput Thailand 0 0 0 0 Gary J. Sveva 0 0 0 0 Eric S. Swanson 0 0 0 0 Gene T. Sykes 0 0 0 0 Shahriar Tadjbakhsh 0 0 0 0 Kunio Tahara Japan 0 0 0 0 Ronald K. Tanemura UK/USA 0 0 0 0 Kui F. Tang China (PRC) 0 0 0 0 Caroline H. Taylor UK 0 0 0 0 Greg W. Tebbe 0 0 0 0 Roland W. Tegeder Germany 0 0 0 0 David H. Tenney 0 0 0 0 Mark R. Tercek 0 0 0 0 Donald F. Textor 0 0 0 0 John A. Thain 0 0 0 0 John L. Thornton 0 0 0 0 Stephen M. Thurer 0 0 0 0 Nicolas F. Tiffou France 0 0 0 0 Jason A. Tilroe 0 0 0 0 Daisuke Toki Japan 0 0 0 0 Peter K. Tomozawa 0 0 0 0 Massimo Tononi Italy 0 0 0 0 Brian J. Toolan 0 0 0 0 John R. Tormondsen 0 0 0 0 John L. Townsend III 0 0 0 0 Mark J. Tracey UK 0 0 0 0 Stephen S. Trevor 0 0 0 0 Byron D. Trott 0 0 0 0 Michael A. Troy 0 0 0 0 Daniel Truell UK 0 0 0 0 Donald J. Truesdale 0 0 0 0 Irene Y. Tse Hong Kong 0 0 0 0 Robert B. Tudor III 0 0 0 0 Thomas E. Tuft 0 0 0 0 John Tumilty UK 0 0 0 0 Barry S. Turkanis 0 0 0 0 Malcolm B. Turnbull Australia 0 0 0 0 Christopher H. Turner 0 0 0 0 Gareth N. Turner Canada 0 0 0 0 Eiji Ueda Japan 0 0 0 0 Scott B. Ullem 0 0 0 0 Kaysie P. Uniacke 0 0 0 0 Can Uran 0 0 0 0 John E. Urban 0 0 0 0 Lucas van Praag UK 0 0 0 0 Hugo H. Van Vredenburch The Netherlands 0 0 0 0 Frederick G. Van Zijl 0 0 0 0 Lee G. Vance 0 0 0 0
23
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Ashok Varadhan 0 0 0 0 Corrado P. Varoli Canada 0 0 0 0 John J. Vaske 0 0 0 0 Robin A. Vince UK 0 0 0 0 David A. Viniar 0 0 0 0 Andrea A. Vittorelli Italy 0 0 0 0 Barry S. Volpert 20 0 20 0 Casper W. Von Koskull Finland 0 0 0 0 David H. Voon 0 0 0 0 Robert T. Wagner 0 0 0 0 John E. Waldron 0 0 0 0 George H. Walker IV 0 10(18) 0 10(18) Joann B. Walker 0 0 0 0 Thomas B. Walker III 0 0 0 0 Robert P. Wall 0 0 0 0 Steven A. Wallace UK 0 0 0 0 Berent A. Wallendahl Norway 0 0 0 0 David R. Walton UK 0 0 0 0 Hsueh-Ming Wang 0 0 0 0 Theodore T. Wang China (PRC) 0 0 0 0 Patrick J. Ward 0 0 0 0 Michael W. Warren UK 0 0 0 0 Haruko Watanuki Japan 0 0 0 0 Jerry T. Wattenberg 0 0 0 0 Mark K. Weeks UK 0 0 0 0 David M. Weil 0 0 0 0 Theodor Weimer Germany 0 0 0 0 John S. Weinberg 0 0 0 0 Peter A. Weinberg 0 0 0 0 Gregg S. Weinstein 0 0 0 0 Scott R. Weinstein 0 0 0 0 Mark S. Weiss 0 0 0 0 George W. Wellde, Jr. 0 0 0 0 Christopher S. Wendel 0 0 0 0 Martin M. Werner Mexico 0 0 0 0 Richard T. Wertz 0 0 0 0 Lance N. West 0 0 0 0 Matthew Westerman UK 0 0 0 0 Barbara A. White 0 0 0 0 Melanie J. White UK 0 0 0 0 William Wicker 0 0 0 0 A. Carver Wickman 0 0 0 0 Elisha Wiesel 0 0 0 0 C. Howard Wietschner 0 0 0 0 David D. Wildermuth 0 0 0 0 Edward R. Wilkinson 80 0 80 0 Kevin L. Willens 0 0 0 0 Susan A. Willetts 0 0 0 0
- ------------- (18) Shared with family members. 24
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------- ---------------- --------- --------- ----------- ----------- Anthony G. Williams UK 0 0 0 0 Christopher G. Williams UK 0 0 0 0 Gary W. Williams 0 0 0 0 Meurig R. Williams UK 0 0 0 0 Todd A. Williams 90 0 90 0 John S. Willian 0 0 0 0 Kenneth W. Willman 0 0 0 0 Keith R. Wills UK 0 0 0 0 Andrew F. Wilson New Zealand 0 0 0 0 Kendrick R. Wilson III 0 0 0 0 Kurt D. Winkelmann 0 0 0 0 Jon Winkelried 0 0 0 0 Steven J. Wisch 0 0 0 0 Michael S. Wishart 0 0 0 0 Richard E. Witten 0 0 0 0 Alexander D. Wohl 0 0 0 0 William H. Wolf, Jr. 0 0 0 0 Melinda B. Wolfe 0 0 0 0 Tracy R. Wolstencroft 0 0 0 0 Jon A. Woodruf 0 0 0 0 Neil J. Wright UK 0 0 0 0 Denise A. Wyllie UK 0 0 0 0 Zi Wang Xu Canada/China 0 0 0 0 (PRC) Richard A. Yacenda 0 0 0 0 Tetsufumi Yamakawa Japan 0 0 0 0 Yasuyo Yamazaki Japan 0 0 0 0 Anne Yang 0 0 0 0 Danny O. Yee 0 0 0 0 Jaime E. Yordan 0 0 0 0 W. Thomas York, Jr. 0 0 0 0 Wassim G. Younan Lebanon 0 0 0 0 Paul M. Young 0 0 0 0 William J. Young 0 0 0 0 Sanaz Zaimi UK 0 0 0 0 Michael J. Zamkow 0 40(19) 0 40(18) Paolo Zannoni Italy 0 0 0 0 Yoel Zaoui France 0 0 0 0 Gregory H. Zehner 0 0 0 0 Jide J. Zeitlin 0 0 0 0 Gregory Zenna 0 0 0 0 Yi Kevin Zhang China (PRC) 0 0 0 0 Joan H. Zief 0 0 0 0 John W. Ziegler 0 0 0 0 Joseph R. Zimmel 0 0 0 0 James P. Ziperski 0 0 0 0 Barry L. Zubrow 0 0 0 0 Mark A. Zurack 0 0 0 0
- ---------------- (19) Shared with family members. 25
ITEM 7 ITEM 8 ITEM 9 ITEM 10 ITEM 6 SOLE SHARED SOLE SHARED CITIZENSHIP VOTING VOTING DISPOSITIVE DISPOSITIVE (UNITED STATES POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - ---------------------------------- ---------------- --------- --------- ----------- ------------ Shares held by 78 private N/A 0 1,614,076 0 1,614,076 charitable foundations established by 78 Covered Persons each of whom is a co-trustee of one or more of such private charitable foundations (20)
- --------------------- 20 Each Covered Person disclaims beneficial ownership of all such shares of Common Stock. 26
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- TRUSTS 2000 John A. Thain Grantor Retained Annuity Trust 0 0 0 0 2001 John A. Thain Grantor Retained Annuity Trust 0 0 0 0 2002 Avi M. Nash Grantor Retained Annuity Trust 0 0 0 0 2002 Danny O. Yee Grantor Retained Annuity Trust 0 0 0 0 2002 Douglas W. Kimmelman Grantor Retained Annuity Trust 0 0 0 0 2002 James M. Sheridan Grantor Retained Annuity Trust 0 0 0 0 2002 John A. Thain Grantor Retained Annuity Trust 0 0 0 0 2002 Mary Ann Casati Grantor Retained Annuity Trust 0 0 0 0 2002 Scott S. Prince Grantor Retained Annuity Trust 0 0 0 0 2003 Scott S. Prince Grantor Retained Annuity Trust 0 0 0 0 2003 John A. Thain Grantor Retained Annuity Trust 0 0 0 0 2003 Danny O. Yee Grantor Retained Annuity Trust 0 0 0 0 The Abby Joseph Cohen 2000 Family Trust 0 0 0 0 The Abby Joseph Cohen 2002 Annuity Trust I 0 0 0 0 The Abby Joseph Cohen 2002 Annuity Trust II 0 0 0 0 The Abby Joseph Cohen 2003 Annuity Trust I 0 0 0 0 The Abby Joseph Cohen 2003 Annuity Trust II 0 0 0 0 The Adina R. Lopatin 2000 Trust 0 0 0 0 The Alexander H. Witten 2000 Trust 0 0 0 0 The Alexander I. Berlinski 2000 Trust 0 0 0 0 The Alexander Litzenberger Remainder Trust 0 0 0 0 The Alexandra D. Steel 2000 Trust The Alexis Blood 2000 Trust The Alyssa Blood 2000 Trust 0 0 0 0
27
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Amanda Liann Mead 2000 Trust 0 0 0 0 Anahue Trust (21) Jersey 0 0 0 0 Andrew L. Fippinger-Millennium Trust (22) 0 0 0 0 The Andrew M. Alper 2002 Annuity Trust I 0 0 0 0 The Andrew M. Alper 2002 Annuity Trust II 0 0 0 0 The Andrew M. Alper 2003 Annuity Trust I 0 0 0 0 The Andrew M. Alper 2003 Annuity Trust II 0 0 0 0 The Andrew M. Gordon 2000 Family Trust 0 0 0 0 The Anne R. Witten 2000 Trust 0 0 0 0 The Anne Sullivan Wellde 2000 Trust 0 0 0 0 The Anthony D. Lauto 2000 Family Trust 0 0 0 0 The Anthony D. Lauto 2002 Annuity Trust I 0 0 0 0 The Anthony D. Lauto 2002 Annuity Trust II 0 0 0 0 The Anthony D. Lauto 2003 Annuity Trust I 0 0 0 0 The Anthony D. Lauto 2003 Annuity Trust II 0 0 0 0 The Arthur J. Reimers, III Defective Trust 2000 Connecticut 0 0 0 0 The Avi M. Nash 2000 Family Trust 0 0 0 0 The Bari Marissa Schwartz 2000 Trust 0 0 0 0 Barry A. Kaplan 2000 Family Trust 0 0 0 0 Barry A. Kaplan 2002 GRAT 0 0 0 0 Barry A. Kaplan 2003 GRAT 0 0 0 0 The Barry L. Zubrow 2000 Family Trust 0 0 0 0 The Barry L. Zubrow 2002 Annuity Trust I 0 0 0 0 Beller 2002 GRAT 0 0 0 0 Beller 2002 GRAT 0 0 0 0 Beller 2003 Family Trust 0 0 0 0
- --------------------- (21) Created by Andrew A. Chisholm. (22) Created by Ann F. Kaplan. 28
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Beller/Moses Trust 0 0 0 0 The Benjamin H. Sherlund 2000 Trust 0 0 0 0 The Benjamin Kraus 2000 Trust 0 0 0 0 The Bradford C. Koenig 2001 Family Trust 0 0 0 0 The Bradford C. Koenig 2002 Annuity Trust I 0 0 0 0 The Bradley Abelow Family 2000 Trust 0 0 0 0 The Brian Patrick Minehan 2001 Trust (23) 0 0 0 0 The Caceres Novogratz Family Trust 0 0 0 0 The Carlos A. Cordeiro Trust 0 0 0 0 The Charlotte Steel 2000 Trust 0 0 0 0 The Charlotte Textor 2000 Trust 0 0 0 0 The Christopher A. Cole 2000 Family Trust 0 0 0 0 The Christopher A. Cole 2002 Annuity Trust I 0 0 0 0 The Christopher A. Cole 2002 Annuity Trust II 0 0 0 0 The Christopher A. Cole 2003 Annuity Trust I 0 0 0 0 The Christopher A. Cole 2003 Annuity Trust II 0 0 0 0 The Christopher K. Norton 2000 Family Trust 0 0 0 0 The Christopher Palmisano Remainder Trust (24) 0 0 0 0 The Christopher Ryan Tortora 2000 Trust 0 0 0 0 The Cody J Smith 2000 Family Trust 0 0 0 0 The Cody J Smith 2002 Annuity Trust I 0 0 0 0 The Cody J Smith 2002 Annuity Trust II 0 0 0 0 The Connie K. Duckworth 2000 Family Trust 0 0 0 0 Dangui Trust (25) 0 0 0 0 The Daniel Alexander Schwartz 2000 Trust 0 0 0 0
- --------------------------- (23) Created by E. Gerald Corrigan. (24) Created by Robert H. Litzenberger. (25) Created by Emmanuel Roman. 29
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Daniel M. Neidich 2002 Annuity Trust I 0 0 0 0 The Daniel M. Neidich 2002 Annuity Trust II 0 0 0 0 The Daniel M. Neidich 2003 Annuity Trust I 0 0 0 0 The Daniel M. Neidich 2003 Annuity Trust II 0 0 0 0 The Daniel W. Stanton 2002 Annuity Trust I 0 0 0 0 The Daniel W. Stanton 2002 Annuity Trust II 0 0 0 0 The Daniel W. Stanton II 2000 Trust 0 0 0 0 The Danny O. Yee Trust 0 0 0 0 The David B. Ford 2002 Annuity Trust dtd as of 6/26/2002 Pennsylvania 0 0 0 0 The David B. Ford 2003 Annuity Trust dtd as of 6/26/2003 Pennsylvania 0 0 0 0 The David B. Heller 2000 Family Trust 0 0 0 0 The David G. Lambert 2000 Family Trust 0 0 0 0 The David G. Lambert 2002 Annuity Trust I 0 0 0 0 The David G. Lambert 2002 Annuity Trust II 0 0 0 0 The David L. Henle 2000 Family Trust 0 0 0 0 The David L. Henle 2002 Annuity Trust I 0 0 0 0 The David L. Henle 2002 Annuity Trust II 0 0 0 0 The David L. Henle 2003 Annuity Trust I 0 0 0 0 The David L. Henle 2003 Annuity Trust II 0 0 0 0 The David M. Baum Family 2000 Trust New Jersey 0 0 0 0 The David Viniar 2002 Annuity Trust I 0 0 0 0 The David Viniar 2002 Annuity Trust II 0 0 0 0 The David Viniar 2003 Annuity Trust I 0 0 0 0 The David Viniar 2003 Annuity Trust II 0 0 0 0 The David W. Blood 2002 Annuity Trust I 0 0 0 0
30
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The David W. Blood 2002 Annuity Trust II 0 0 0 0 The Donald F. Textor 2002 Annuity Trust I 0 0 0 0 The Donald F. Textor 2002 Annuity Trust II 0 0 0 0 The Donald F. Textor 2003 Annuity Trust I 0 0 0 0 The Donald F. Textor 2003 Annuity Trust II 0 0 0 0 The Douglas W. Kimmelman Trust 0 0 0 0 The E. Gerald Corrigan 2002 Annuity Trust I 0 0 0 0 The E. Gerald Corrigan 2003 Annuity Trust I 0 0 0 0 The Eaddy Adele Kiernan 2000 Trust 0 0 0 0 The Edward C. Forst 2000 Family Trust 0 0 0 0 The Edward C. Forst 2002 Annuity Trust I 0 0 0 0 The Edward C. Forst 2002 Annuity Trust II 0 0 0 0 The Edward Scott Mead 2001 Annuity Trust I 0 0 0 0 The Edward Scott Mead 2002 Annuity Trust I 0 0 0 0 The Edward Scott Mead 2002 Annuity Trust II 0 0 0 0 The Edward Scott Mead 2003 Annuity Trust I 0 0 0 0 The Edward Scott Mead 2003 Annuity Trust II 0 0 0 0 Eff Warren Martin 2000 Children's Trust California 0 0 0 0 The Elizabeth Anne Corrigan 2000 Trust 0 0 0 0 The Elizabeth H. Coulson 2000 Trust 0 0 0 0 The Elizabeth L. Heller 2000 Trust 0 0 0 0 The Elizabeth Lin Mead 2000 Trust 0 0 0 0 The Elizabeth M. Stanton 2000 Trust 0 0 0 0 The Elizabeth Steel 2000 Trust 0 0 0 0 The Ellie Dorit Neustein 2000 Trust 0 0 0 0 The Emily Austen Katz 2000 Trust 0 0 0 0 The Emily Stecher 2000 Trust 0 0 0 0
31
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Emma M.L. Mead 2000 Trust 0 0 0 0 The Eric Fithian 2000 Trust (26) 0 0 0 0 The Erin Marie Tormondsen 2000 Trust 0 0 0 0 The Esta Eiger Stecher 2002 Annuity Trust I 0 0 0 0 The Esta Eiger Stecher 2002 Annuity Trust II 0 0 0 0 The Esta Eiger Stecher 2003 Annuity Trust I 0 0 0 0 The Esta Eiger Stecher 2003 Annuity Trust II 0 0 0 0 The Evans Trust (27) 0 0 0 0 The Francis J. Ingrassia 2000 Family Trust 0 0 0 0 The Francis J. Ingrassia 2002 Annuity Trust I 0 0 0 0 The Francis J. Ingrassia 2002 Annuity Trust II 0 0 0 0 The Frank L. Coulson III 2000 Trust 0 0 0 0 The Fredric E. Steck 2000 Family Trust 0 0 0 0 The Fredric E. Steck 2002 Annuity Trust I 0 0 0 0 The Fredric E. Steck 2002 Annuity Trust II 0 0 0 0 The Fredric E. Steck 2003 Annuity Trust I 0 0 0 0 The Fredric E. Steck 2003 Annuity Trust II 0 0 0 0 Gary D. Cohn 2000 Family Trust 0 0 0 0 The Gary W. Williams 2001 Trust 0 0 0 0 The Gene Tiger Sykes 2001 Family Trust 0 0 0 0 The Gene Tiger Sykes 2002 Annuity Trust I 0 0 0 0 The Gene Tiger Sykes 2002 Annuity Trust II 0 0 0 0 The Gene Tiger Sykes 2003 Annuity Trust I 0 0 0 0 The Gene Tiger Sykes 2003 Annuity Trust II 0 0 0 0 The Geoffrey T. Grant 2000 Family Trust 0 0 0 0 The George H. Walker 2000 Family Trust 0 0 0 0
- ------------------- (26) Created by David A. Viniar. (27) Created by W. Mark Evans. 32
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The George H. Walker 2002 Annuity Trust I 0 0 0 0 The George H. Walker 2002 Annuity Trust II 0 0 0 0 The George W. Wellde, Jr. 2002 Annuity Trust I 0 0 0 0 The George W. Wellde, Jr. 2002 Annuity Trust II 0 0 0 0 The George William Wellde III 2000 Trust 0 0 0 0 Ghez 2000 GRAT 0 0 0 0 Ghez 2000 Non-GST-Exempt Trust 0 0 0 0 The Girish V. Reddy 2001 Trust 0 0 0 0 The Girish V. Reddy Trust 0 0 0 0 The Goldenberg 2000 Family Trust 0 0 0 0 The Greg M. Ostroff 2000 Family Trust 0 0 0 0 The Gregory D. Cohen 2000 Trust 0 0 0 0 The Gregory H. Zehner 2000 Family Trust 0 0 0 0 The Gregory K. Palm 2000 Family Trust 0 0 0 0 The Gregory K. Palm 2002 Annuity Trust I 0 0 0 0 The Gregory K. Palm 2002 Annuity Trust II 0 0 0 0 The Gregory K. Palm 2003 Annuity Trust I 0 0 0 0 The Gregory K. Palm 2003 Annuity Trust II 0 0 0 0 The Guapulo Trust (28) Jersey 0 0 0 0 The Howard A. Silverstein 2000 Family Trust 0 0 0 0 The Howard A. Silverstein 2002 Annuity Trust I 0 0 0 0 The Howard A. Silverstein 2002 Annuity Trust II 0 0 0 0 The Howard A. Silverstein 2003 Annuity Trust I 0 0 0 0 The Howard A. Silverstein 2003 Annuity Trust II 0 0 0 0 The Isabelle M.L. Mead 2000 Trust 0 0 0 0 The J. David Rogers 2002 Annuity Trust I 0 0 0 0
- ------------------ (28) Created by Erland S. Karlsson. 33
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The J. David Rogers 2002 Annuity Trust II 0 0 0 0 The J. David Rogers 2003 Annuity Trust I 0 0 0 0 The J. David Rogers 2003 Annuity Trust II 0 0 0 0 The James Alexander Mead 2000 Trust 0 0 0 0 The James M. Sheridan Shares Trust 0 0 0 0 The James M. Sheridan Trust 0 0 0 0 The James Nicholas Katz 2000 Trust 0 0 0 0 James P. Riley, Jr. 2000 Family Trust 0 0 0 0 The James P. Riley, Jr. 2002 Family GST Trust 0 0 0 0 The Jason Kraus 2000 Trust UK 0 0 0 0 The Jason William Tortora 2000 Trust 0 0 0 0 The Jeffrey D. Witten 2000 Trust 0 0 0 0 The Jennifer Lauren Alper 2000 Trust 0 0 0 0 JG 2000 Trust (29) 0 0 0 0 JG 2000 Trust (continuing trust)(29) 0 0 0 0 JG 2002 GRAT (29) 0 0 0 0 JG 2003 GRAT (29) 0 0 0 0 JG 2003 Family Trust (29) 0 0 0 0 The John A. Thain Trust 0 0 0 0 The John J. Powers 2000 Family Trust 0 0 0 0 The John O. Downing 2000 Family Trust 0 0 0 0 The John O. Downing 2002 Annuity Trust I 0 0 0 0 The John O. Downing 2002 Annuity Trust II 0 0 0 0 The John O. Downing 2003 Annuity Trust I 0 0 0 0 The John P. Curtin, Jr. 2000 Family Trust 0 0 0 0 The John P. Curtin, Jr. 2001 Annuity Trust I 0 0 0 0 The John R. Tormondsen 2002 Annuity Trust I 0 0 0 0 The John R. Tormondsen 2002 Annuity Trust II 0 0 0 0
- ------------------ (29) Created by Jacob D. Goldfield. 34
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The John R. Tormondsen 2003 Annuity Trust I 0 0 0 0 The John R. Tormondsen 2003 Annuity Trust II 0 0 0 0 The John R. Tormondsen, Jr. 2000 Trust 0 0 0 0 The John S. Weinberg 2000 Family Trust 0 0 0 0 The John S. Weinberg 2002 Annuity Trust I 0 0 0 0 The John S. Weinberg 2002 Annuity Trust II 0 0 0 0 The John S. Weinberg 2003 Annuity Trust I 0 0 0 0 The John S. Weinberg 2003 Annuity Trust II 0 0 0 0 The Jonathan G. Neidich 2000 Trust 0 0 0 0 The Jonathan L. Cohen 2002 Annuity Trust I 0 0 0 0 The Jonathan M. Lopatin 2002 Annuity Trust I 0 0 0 0 The Jonathan M. Lopatin 2002 Annuity Trust II 0 0 0 0 The Jordan Viniar 2000 Trust 0 0 0 0 The Joseph Della Rosa 2000 Family Trust 0 0 0 0 The Joseph Della Rosa 2002 Annuity Trust I 0 0 0 0 The Joseph Della Rosa 2002 Annuity Trust II 0 0 0 0 The Joseph H. Gleberman 2000 Family Trust 0 0 0 0 The Joseph H. Gleberman 2002 Annuity Trust I 0 0 0 0 The Karen Barlow Corrigan 2000 Trust 0 0 0 0 The Karen Rebecca Alper 2000 Trust 0 0 0 0 The Karsten Moller & Barbara Kahn-Moller Trust Jersey 0 0 0 0 The Katherine A. M. Stanton 2000 Trust 0 0 0 0 The Katheryn C. Coulson 2000 Trust 0 0 0 0 The Kathryn Margaret Wellde 2000 Trust 0 0 0 0 The Kelsey Fithian 2000 Trust(30) 0 0 0 0
- -------------------- (30) Created by David A. Viniar. 35
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Kenneth Litzenberger Remainder Trust 0 0 0 0 The Kevin W. Kennedy 2000 Family Trust 0 0 0 0 The Kevin W. Kennedy 2001 Siblings Trust 0 0 0 0 The Kevin W. Kennedy 2002 Annuity Trust I 0 0 0 0 The Kevin W. Kennedy 2002 Annuity Trust II 0 0 0 0 The Kevin W. Kennedy 2002 Annuity Trust III 0 0 0 0 The Kevin W. Kennedy 2003 Annuity Trust I 0 0 0 0 The Kevin W. Kennedy 2003 Annuity Trust II 0 0 0 0 The Kevin W. Kennedy 2003 Annuity Trust III 0 0 0 0 The Kimberly Lynn Macaione 2000 Trust (31) 0 0 0 0 The Kimberly R. Textor 2000 Trust 0 0 0 0 The Kipp M. Nelson Trust 0 0 0 0 The Kuala Trust (32) Jersey 0 0 0 0 The Kyle F. Textor 2000 Trust The Lauren Schiller 2000 Trust 0 0 0 0 The Lawrence R. Buchalter 2000 Family Trust 0 0 0 0 Lawrence R. Buchalter 2002 Annuity Trust I 0 0 0 0 The Lawrence R. Buchalter 2002 Annuity Trust II 0 0 0 0 The Lee G. Vance 2000 Family Trust 0 0 0 0 The Lee G. Vance 2002 Annuity Trust I 0 0 0 0 The Leslie C. Sillcox 2003 Annuity Trust I 0 0 0 0 The Leslie C. Sillcox 2003 Annuity Trust II 0 0 0 0 The Leslie C. Tortora 2002 Annuity Trust I 0 0 0 0 The Leslie C. Tortora 2002 Annuity Trust II 0 0 0 0 Lloyd C. Blankfein 2000 Family Trust 0 0 0 0
- ------------------- (31) Created by Frank L. Coulson, Jr. (32) Created by Sylvain M. Hefes. 36
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Lloyd C. Blankfein 2002 Annuity Trust I 0 0 0 0 The Louise Rice Townsend 2000 Trust 0 0 0 0 M. Roch Hillenbrand Trust f/b/o C. Justin Hillenbrand New Jersey 0 0 0 0 M. Roch Hillenbrand Trust f/b/o Molly D. Hillenbrand New Jersey 0 0 0 0 The Mallory G. Neidich 2000 Trust 0 0 0 0 The Marc A. Spilker 2000 Family Trust 0 0 0 0 The Mark A. Zurack 2000 Family Trust 0 0 0 0 The Mark A. Zurack 2000 Issue Trust 0 0 0 0 The Mark A. Zurack 2002 Annuity Trust I 0 0 0 0 The Mark A. Zurack 2002 Annuity Trust II 0 0 0 0 The Mark A. Zurack 2003 Annuity Trust I 0 0 0 0 Mark Dehnert Living Trust Illinois 0 0 0 0 The Mark Tercek 2000 Family Trust 0 0 0 0 The Mark Tercek 2002 Annuity Trust I 0 0 0 0 The Mark Tercek 2002 Annuity Trust II 0 0 0 0 The Mark Tercek 2003 Annuity Trust I 0 0 0 0 Marks 2000 (continuing trust) 0 0 0 0 The Mary Agnes Reilly Kiernan 2000 Trust 0 0 0 0 The Mary Ann Casati Trust 0 0 0 0 The Matthew D. Rogers 2000 Trust 0 0 0 0 The Maya Bettina Linden 2000 Trust 0 0 0 0 Melissa Jane Minehan 2001 Trust (33) 0 0 0 0 The Merritt Moore Townsend 2000 Trust 0 0 0 0 The Mesdag Family Trust Delaware 0 0 0 0 The Michael A. Price 2000 Family Trust 0 0 0 0 The Michael D. Ryan 2000 Family Trust 0 0 0 0
- ------------------ (33) Created by E. Gerald Corrigan. 37
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Michael D. Ryan 2002 Annuity Trust II 0 0 0 0 The Michael D. Ryan 2003 Annuity Trust I 0 0 0 0 The Michael J. Zamkow 2000 Family Trust 0 0 0 0 The Michael J. Zamkow 2001 Trust 0 0 0 0 The Michael J. Zamkow 2002 Annuity Trust I 0 0 0 0 The Michael J. Zamkow 2002 Annuity Trust II 0 0 0 0 The Michael Stecher 2000 Trust 0 0 0 0 The Milton R. Berlinski 2002 Annuity Trust I 0 0 0 0 The Milton R. Berlinski 2002 Annuity Trust II 0 0 0 0 The Milton R. Berlinski 2003 Annuity Trust I 0 0 0 0 The Milton R. Berlinski 2003 Annuity Trust II 0 0 0 0 The Milton R. and Jena M. Berlinski 2003 Life Insurance Trust 0 0 0 0 The Mossavar-Rahmani 2000 Family Trust 0 0 0 0 Murphy 2000 (continuing trust)(34) 0 0 0 0 Murphy 2002 GRAT(34) 0 0 0 0 The Natalie Cailyn Rogers 2000 Trust 0 0 0 0 The Nicole Schiller 2000 Trust 0 0 0 0 The Patrick J. Ward 2001 Trust 0 0 0 0 The Peter C. Gerhard 2000 Family Trust 0 0 0 0 The Peter C. Gerhard 2002 Annuity Trust I 0 0 0 0 The Peter C. Gerhard 2002 Annuity Trust II 0 0 0 0 The Peter C. Gerhard 2003 Annuity Trust I 0 0 0 0 The Peter C. Gerhard 2003 Annuity Trust II 0 0 0 0 The Peter D. Kiernan, III 2002 Annuity Trust I 0 0 0 0 The Peter D. Kiernan, III 2002 Annuity Trust II 0 0 0 0 The Peter Kiernan IV 2000 Trust 0 0 0 0
- --------------------- (34) Created by Thomas S. Murphy, Jr. 38
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Peter S. Kraus 2002 Annuity Trust I 0 0 0 0 The Peter S. Kraus 2002 Annuity Trust II 0 0 0 0 The Peter S. Kraus 2003 Annuity Trust I 0 0 0 0 The Peter S. Kraus 2003 Annuity Trust II 0 0 0 0 The Philip D. Murphy 2000 Family Trust 0 0 0 0 The Philip D. Murphy 2002 Annuity Trust I 0 0 0 0 The Philip D. and Tammy S. Murphy 2002 Life Insurance Trust 0 0 0 0 The Philip Darivoff 2002 Annuity Trust I 0 0 0 0 The Philip Darivoff 2002 Annuity Trust II 0 0 0 0 The Philip Darivoff 2002 Family Trust 0 0 0 0 The Rachel M. Darivoff 2000 Trust 0 0 0 0 The Ralph F. Rosenberg 2000 Family Trust 0 0 0 0 The Ralph F. Rosenberg 2002 Annuity Trust I 0 0 0 0 The Ralph F. Rosenberg 2002 Annuity Trust II 0 0 0 0 The Ralph F. Rosenberg 2003 Annuity Trust I 0 0 0 0 The Ralph F. Rosenberg 2003 Annuity Trust II 0 0 0 0 Randal M. Fippinger-Millennium Trust(35) 0 0 0 0 The Randolph L. Cowen 2000 Family Trust 0 0 0 0 Rayas Trust(36) Jersey 0 0 0 0 The Rebecca Viniar 2000 Trust 0 0 0 0 The Richard A. Friedman 2002 Annuity Trust I 0 0 0 0 The Richard A. Friedman 2000 Family Trust 0 0 0 0 The Richard A. Sapp 2000 Family Trust 0 0 0 0 The Richard A. Sapp 2002 Annuity Trust I 0 0 0 0
- -------------------- (35) Created by Ann F. Kaplan. (36) Created by Emmanuel Roman. 39
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Richard A. Sapp 2003 Annuity Trust I 0 0 0 0 The Richard E. Witten 2002 Annuity Trust I 0 0 0 0 The Richard E. Witten 2002 Annuity Trust II 0 0 0 0 The Richard E. Witten 2003 Annuity Trust I 0 0 0 0 The Richard E. Witten 2003 Annuity Trust II 0 0 0 0 The Richard G. Sherlund 2002 Annuity Trust I 0 0 0 0 Robert A. Fippinger, Jr. Millennium Trust(37) 0 0 0 0 The Robert B. Litterman 2000 Family Trust 0 0 0 0 The Robert B. Litterman 2002 Annuity Trust I 0 0 0 0 The Robert B. Litterman 2002 Annuity Trust II 0 0 0 0 The Robert B. Morris III 2000 Family Trust 0 0 0 0 The Robert B. Morris III 2002 Annuity Trust I 0 0 0 0 The Robert B. Morris III 2002 Annuity Trust II 0 0 0 0 The Robert B. Morris III 2003 Annuity Trust I 0 0 0 0 The Robert B. Morris III 2003 Annuity Trust II 0 0 0 0 The Robert J. Hurst 2000 Family Trust 0 0 0 0 The Robert J. Hurst 2002 Annuity Trust I 0 0 0 0 The Robert J. Hurst 2002 Annuity Trust II 0 0 0 0 The Robert J. Hurst 2003 Annuity Trust I 0 0 0 0 The Robert J. Hurst 2003 Annuity Trust II 0 0 0 0 The Robert J. Katz 2002 Annuity Trust I 0 0 0 0 The Robert J. Katz 2002 Annuity Trust II 0 0 0 0 The Robert J. Katz 2003 Annuity Trust I 0 0 0 0 The Robert J. Katz 2003 Annuity Trust II 0 0 0 0
- -------------------- (37) Created by Ann F. Kaplan. 40
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Robert J. O'Shea 2000 Family Trust 0 0 0 0 The Robert J. O'Shea 2002 Annuity Trust I 0 0 0 0 The Robert J. O'Shea 2002 Annuity Trust II 0 0 0 0 The Robert J. O'Shea 2003 Annuity Trust I 0 0 0 0 The Robert J. O'Shea 2003 Annuity Trust II 0 0 0 0 The Robert J. Pace 2000 Family Trust 0 0 0 0 The Robert J. Pace 2002 Annuity Trust I 0 0 0 0 The Robert J. Pace 2003 Annuity Trust I 0 0 0 0 The Robert J. Pace 2003 Annuity Trust II 0 0 0 0 The Robert K. Steel 2002 Annuity Trust I 0 0 0 0 The Robert K. Steel 2002 Annuity Trust II 0 0 0 0 The Robert K. Steel 2003 Annuity Trust I 0 0 0 0 The Robert K. Steel 2003 Annuity Trust II 0 0 0 0 Robin Neustein 2002 Annuity Trust 0 0 0 0 Robin Neustein 2003 Annuity Trust 0 0 0 0 The Samantha Schiller 2000 Trust 0 0 0 0 The Sarah B. Lopatin 2000 Trust 0 0 0 0 The Sarah Delacy Kiernan 2000 Trust 0 0 0 0 The Sarah M. Darivoff 2000 Trust 0 0 0 0 The Sarah Rose Berlinski 2000 Trust 0 0 0 0 The Scott B. Kapnick 2000 Family Trust 0 0 0 0 The Scott B. Kapnick 2002 Annuity Trust I 0 0 0 0 The Scott B. Kapnick 2003 Annuity Trust I 0 0 0 0 Scott M. Pinkus 2000 Family Trust New Jersey 0 0 0 0 The Scott S. Prince Trust 0 0 0 0 The Sharmin Mossavar-Rahmani 2002 Annuity Trust I 0 0 0 0 The Sharmin Mossavar-Rahmani 2003 Annuity Trust I 0 0 0 0
41
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Stephen M. Neidich 2000 Trust 0 0 0 0 The Steven J. Wisch 2001 Family Trust 0 0 0 0 The Steven J. Wisch 2002 Annuity Trust I 0 0 0 0 The Steven J. Wisch 2003 Annuity Trust I 0 0 0 0 The Steven M. Heller, Jr. 2000 Trust 0 0 0 0 The Steven Starker 2001 Family Trust 0 0 0 0 The Steven Starker 2002 Grantor Retained Annuity Trust 0 0 0 0 The Steven T. Mnuchin 2000 Family Trust 0 0 0 0 The Steven T. Mnuchin 2002 Annuity Trust I 0 0 0 0 The Steven T. Mnuchin 2003 Annuity Trust I 0 0 0 0 The Steven T. Mnuchin 2003 Annuity Trust II 0 0 0 0 The Stuart Mark Rothenberg 2000 Family Trust 0 0 0 0 The Stuart Mark Rothenberg 2002 Annuity Trust I 0 0 0 0 The Stuart Mark Rothenberg 2002 Annuity Trust II 0 0 0 0 The Stuart Mark Rothenberg 2003 Annuity Trust I 0 0 0 0 The Stuart Mark Rothenberg 2003 Annuity Trust II 0 0 0 0 The Suzanne E. Cohen 2000 Trust 0 0 0 0 The Terence M. O' Toole 2000 Family Trust 0 0 0 0 The Terence M. O' Toole 2002 Annuity Trust I 0 0 0 0 The Tess Augusta Linden 2000 Trust 0 0 0 0 The Thomas J. Healey 2001 Annuity Trust New Jersey 0 0 0 0 The Thomas J. Healey 2002 Annuity Trust 0 0 0 0 The Thomas J. Healey 2003 Annuity Trust New Jersey 0 0 0 0 The Thomas J. Healey 2003 Annuity Trust II New Jersey 0 0 0 0 The Thomas K. Montag 2000 Family Trust 0 0 0 0
42
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- The Tracy Richard Wolstencroft 2000 Family Trust 0 0 0 0 The Tracy Richard Wolstencroft 2002 Annuity Trust I 0 0 0 0 The Tracy Richard Wolstencroft 2003 Annuity Trust I 0 0 0 0 Trust for the benefit of David Ford, Jr. under Indenture of Trust B of David B. Ford dated 6/16/00 Pennsylvania 0 0 0 0 Trust for the benefit of Jamie Ford under Indenture of Trust B of David B. Ford dated as of 6/16/00 Pennsylvania 0 0 0 0 Trust for the benefit of Megan H. Hagerty u/a DTD 3/26/01(38) New Jersey 0 0 0 0 Trust f/b/o Megan H. Hagerty u/a/d June 5, 2002(38) 0 0 0 0 Trust f/b/o Megan H. Hagerty u/a/d March 26, 2003(38) New Jersey 0 0 0 0 Trust f/b/o Megan H. Hagerty u/a/d June 13, 2003(38) New Jersey Trust for the benefit of Thomas Jeremiah Healey u/a DTD 3/26/01 New Jersey 0 0 0 0 Trust f/b/o Thomas Jeremiah Healey u/a/d June 5, 2002 0 0 0 0 Trust f/b/o Thomas Jeremiah Healey u/a/d March 26, 2003 New Jersey 0 0 0 0 Trust f/b/o Thomas Jeremiah Healey u/a/d June 13, 2003 New Jersey 0 0 0 0 The Unicorn Trust(39) UK 0 0 0 0 Vyrona Trust(40) Jersey 0 0 0 0 The William C. Sherlund 2000 Trust 0 0 0 0 The William Keith Litzenberger Remainder Trust 0 0 0 0 Zachariah Cobrinik 2001 Family Trust 0 0 0 0 The Zachariah Cobrinik Family 2000 Trust 0 0 0 0 Zachariah Cobrinik 2002 Annuity Trust 0 0 0 0 Zachariah Cobrinik 2003 Annuity Trust 0 0 0 0
- ---------------------- (38) Created by Thomas J. Healey. (39) Created by Wiet H.M. Pot. (40) Created by Sylvain M. Hefes. 43
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- PARTNERSHIPS ALS Investment Partners, L.P.(41) Delaware 0 0 0 0 Beech Associates, L.P.(42) Delaware 0 0 0 0 Crestley, L.P.(43) Delaware 0 0 0 0 Greenley Partners, L.P.(44) Delaware 0 0 0 0 HEMPA Limited Partnership(45) Delaware 0 0 0 0 JSS Investment Partners, L.P.(46) Delaware 0 0 0 0 The Litzenberger Family Limited Partnership Delaware 0 0 0 0 Mesdag Family Limited Partnership Delaware 0 0 0 0 Mijen Family Partnership(47) Illinois 0 0 0 0 Opatrny Investment Partners, L.P. Delaware 0 0 0 0 Quail Brook GS Partners, L.P.(48) Delaware 0 0 0 0 Rantz GS Investment Partners, L.P. Delaware 0 0 0 0 Savitz Investment Partners, L.P.(49) Delaware 0 0 0 0 Stone Gate GS Partners, L.P.(50) Delaware 0 0 0 0 Trott GS Investment Partners, L.P. Delaware 0 0 0 0 Tuft GS Investment Partners, L.P. Delaware 0 0 0 0 Ward Investment Partners, L.P. Delaware 0 0 0 0 Windy Hill Investment Company II, L.P.(51) Delaware 0 0 0 0 Winkelried Investment Partners, L.P. Delaware 0 0 0 0 LIMITED LIABILITY COMPANIES The James Coufos Family LLC Delaware 0 0 0 0 The Lawrence Cohen Family LLC Delaware 0 0 0 0 The Rebecca Amitai Family LLC Delaware 0 0 0 0 The Steven Starker Family LLC Delaware 0 0 0 0 CORPORATIONS Anahue Limited(52) Jersey 0 0 0 0
- ---------------------- (41) Created by Charles B. Seelig, Jr. (42) Created by David B. Ford. (43) Created by Thomas J. Healey. (44) Created by Jaime E. Yordan. (45) Created by Henry M. Paulson, Jr. (46) Created by Jonathan S. Savitz. (47) Created by Peter Layton. (48) Created by Barry L. Zubrow. (49) Created by Peter Savitz. (50) Created by Connie K. Duckworth. (51) Created by Joseph D. Gutman. (52) Created by Andrew A. Chisholm. 44
ITEM 6 ITEM 7 ITEM 8 ITEM 9 ITEM 10 PLACE OF SOLE SHARED SOLE SHARED ORGANIZATION VOTING VOTING DISPOSITIVE DISPOSITIVE (NEW YORK POWER OF POWER OF POWER OF POWER OF ITEM 1 UNLESS OTHERWISE UNCOVERED UNCOVERED UNCOVERED UNCOVERED NAMES OF REPORTING PERSONS INDICATED) SHARES SHARES SHARES SHARES - -------------------------------------- ---------------- --------- --------- ----------- ----------- Chambolle Limited(53) Jersey 0 0 0 0 Guapulo Holdings Ltd(54) Jersey 0 0 0 0 HJS2 Limited(55) Cayman Islands 0 0 0 0 Majix Limited(56) Jersey 0 0 0 0 Melalula Limited(57) Jersey 0 0 0 0 RJG Holding Company(58) Cayman Islands 0 0 0 0 Robinelli Limited(59) Jersey 0 0 0 0 Vyrona Holdings Limited(60) Jersey 0 0 0 0 Zurrah Limited(61) Jersey 0 0 0 0
- ---------------------- (53) Created by Emmanuel Roman. (54) Created by Erland S. Karlsson. (55) Created by Hsueh J. Sung. (56) Created by Alok Oberoi. (57) Created by Peter D. Sutherland. (58) Created by Richard J. Gnodde. (59) Created by Claudio Costamagna. (60) Created by Sylvain M. Hefes. (61) Created by Yoel Zaoui. 45 This Amendment No. 44 to a Statement on Schedule 13D amends and restates in its entirety such Schedule 13D (as so amended and restated, this "Schedule"). This Amendment No. 44 is being filed primarily because, commencing on or around September 24, 2003, certain Covered Persons (as defined in Item 2 below) will be permitted to sell shares of Common Stock (as defined in Item 1 below) through the Channel A and Channel B Sales Programs (as defined in Item 4 below). ITEM 1. SECURITY AND ISSUER This Schedule relates to the Common Stock, par value $.01 per share (the "Common Stock"), of The Goldman Sachs Group, Inc. ("GS Inc."), a Delaware corporation. The address of the principal executive offices of GS Inc. is 85 Broad Street, New York, New York 10004. ITEM 2. IDENTITY AND BACKGROUND (a), (b), (c), (f) The cover page to this Schedule and Appendix A hereto contain the names of the persons ("Covered Persons") who beneficially own Common Stock subject to a Shareholders' Agreement ("Covered Shares"), dated as of May 7, 1999, to which the Covered Persons are party (as amended from time to time, the "Shareholders' Agreement"). This filing is being made on behalf of all of the Covered Persons, and their agreement that this filing may be so made is contained in the Shareholders' Agreement. Appendix A hereto also provides the citizenship or place of organization of each Covered Person. Each Covered Person who is an individual (an "Individual Covered Person") is a senior professional employed or formerly employed by GS Inc. or one of its affiliates or a spouse or former spouse thereof. GS Inc. is a global investment banking and securities firm. Each Covered Person who is not an individual is a trust, limited partnership, limited liability company or corporation created by or for an Individual Covered Person for estate planning purposes. Each Covered Person listed in Appendix A under the caption "Partnerships" is a limited partnership of which an Individual Covered Person is general partner. Each Covered Person listed in Appendix A under the caption "Corporations" (a "Corporate Covered Person") is controlled by an Individual Covered Person (the "Controlling Covered Person"). Each Covered Person listed in Appendix A under the caption "Limited Liability Companies" (a "Limited Liability Covered Person") is a limited liability company of which an Individual Covered Person is a managing member. The name, citizenship, business address and present principal occupation or employment of each of the directors and executive officers of each Corporate Covered Person (other than the Controlling Covered Person) are set forth in Annex A hereto. The business address of each Covered Person for purposes of this Schedule is: (i) in the case of entities organized in Jersey or under the laws of the United Kingdom, 26 New Street, St. Helier, Jersey, JE2 3RA; (ii) in the case of entities organized in the Cayman Islands, P.O. Box 309, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands; (iii) in the case of entities organized in Bermuda, Victoria Hall, 11 Victoria Street, Hamilton HM11, Bermuda; and (iv) in the case of all other Covered Persons, 85 Broad Street, New York, New York 10004. (d), (e) Except as described in Annex A or Annex B, during the last five years no Covered Person or, to the best knowledge of the Covered Persons, any executive officer or director of a Covered Person, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in such Covered Person being subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The Covered Shares have been and will be acquired by the Covered Persons in the following manner: (i) the former profit participating limited partners active in the business of The Goldman Sachs Group, L.P. ("Group L.P.") (each such former partner, a "PMD" and, collectively, the "PMDs") acquired certain Covered Shares in exchange for their interests in Group L.P. and certain of its affiliates and investee corporations; (ii) the former owners (the "Hull Covered Persons") of Hull and Associates, L.L.C. ("Hull"), the former members (the "SLK Covered Persons") of SLK LLC, the former members (the "Jacobson Covered Persons") of Benjamin Jacobson & Sons, LLC ("Jacobson"), the former members (the "Walter Frank Covered Persons") of Walter N. Frank & Co., LLC ("Walter Frank") and John Breyo (together with the Hull Covered Persons, the SLK Covered Persons, the 46 Jacobson Covered Persons and Walter Frank Covered Persons, the "Acquisition Covered Persons"), a former partner of The Ayco Company, L.P. ("Ayco"), acquired certain Covered Shares in exchange for their interests in Hull, SLK LLC, Jacobson, Walter Frank or Ayco, as applicable; (iii) certain Individual Covered Persons have acquired and will acquire beneficial ownership of certain other Covered Shares in connection with GS Inc.'s initial public offering and/or pursuant to GS Inc.'s employee compensation, benefit or similar plans; (iv) certain Individual Covered Persons (the "Transferee Covered Persons") acquired their Covered Shares from other Individual Covered Persons in accordance with pre-existing contractual arrangements or judicial decrees; and (v) certain Covered Persons (the "Estate Planning Covered Persons") have acquired and will acquire beneficial ownership of their Covered Shares as contributions or gifts made by Individual Covered Persons. Covered Persons may from time to time acquire Common Stock not subject to the Shareholders' Agreement ("Uncovered Shares") for investment purposes. Such Common Stock may be acquired with personal funds of or funds borrowed by such Covered Person. ITEM 4. PURPOSE OF TRANSACTIONS The Individual Covered Persons, other than the Acquisition Covered Persons and the Transferee Covered Persons, acquired certain Covered Shares in connection with the succession of GS Inc. to the business of Group L.P. and GS Inc.'s initial public offering and through certain employee compensation, benefit or similar plans of GS Inc. The Acquisition Covered Persons acquired certain Covered Shares in connection with the acquisition by GS Inc. of Hull, Jacobson, Walter Frank or Ayco or the combination of GS Inc. with SLK LLC, as applicable, and through certain employee compensation, benefit or similar plans of GS Inc. The Transferee Covered Persons acquired their Covered Shares from other Individual Covered Persons in accordance with pre-existing contractual arrangements or judicial decrees. As a condition to the transfer of the Covered Shares, the Shareholders' Committee required that each Transferee Covered Person agree to become a party to the Shareholders' Agreement and to be bound by the Partner Transfer Restrictions referred to in Item 6 below. The Estate Planning Covered Persons acquired the Covered Shares as contributions or gifts made for estate planning purposes by Individual Covered Persons, and the provisions of the organizational documents of certain Estate Planning Covered Persons provide for the distribution of Common Stock to certain other Covered Persons. As a condition to the contribution or gift of the Covered Shares, the Shareholders' Committee required that each Estate Planning Covered Person agree to become a party to the Shareholders' Agreement and to be bound by the Partner Transfer Restrictions referred to in Item 6 below. The board of directors of GS Inc. and, in the case of the PMDs and the Transferee Covered Persons, the Shareholders' Committee have approved sales by the PMDs, Transferee Covered Persons and certain Estate Planning Covered Persons and Acquisition Covered Persons of a portion of their shares of Common Stock through two programs (the "Channel A Sales Program" and the "Channel B Sales Program"). Sales under the Channel A and Channel B Sales Programs previously occurred from June 26, 2003 to July 25, 2003, with an aggregate of 9,019,458 Covered Shares having been sold. See Annex E for sales since the last amendment to this Schedule 13D. On September 12, 2003, GS Inc. notified eligible Covered Persons that additional sales under the Channel A and Channel B Sales Programs will be permitted commencing on or around September 24, 2003 and terminating on or around October 24, 2003. The Channel A and Channel B Sales Programs may continue in subsequent fiscal quarters, but can be suspended, modified or terminated at any time. The participants in the Channel A Sales Program may sell, in a coordinated manner, a portion of their Covered Shares in accordance with the volume and manner of sale limitations of Rule 144 under the Securities Act of 1933, as amended ("Rule 144"), and a volume limitation that will be established by GS Inc. (the "Channel A Sales Limit"). Subject to the volume limitations of Rule 144 and the Channel A Sales Limit, up to 16,614,148 Covered Shares are eligible for sale by Covered Persons under the Channel A Sales Program. These consist of those Covered Shares that had been subject to the Partner Transfer Restrictions (as defined below) that lapsed on May 8, 2002 and May 8, 2003, as well as up to 10% of each Covered Person's shares that are subject to the Partner Transfer Restrictions that would otherwise lapse on May 8, 2004 (generally not including shares held through U.S. estate planning vehicles or private charitable foundations). Certain participants in the Channel A Sales Program may effect their sales pursuant to plans designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, as described in Annex C. With respect to other participants, the decision as to whether and how many shares to sell will be made by each participant on a daily basis, subject to the foregoing limitations. 47 The participants in the Channel B Sales Program may sell, in a coordinated manner, a portion of their shares of Common Stock in accordance with Rule 144(k) and a volume limitation that will be established by GS Inc. (the "Channel B Sales Limit"). Subject to the Channel B Sales Limit, up to 23,112,831 Covered Shares are eligible for sale by Covered Persons under the Channel B Sales Program. These consist of those Covered Shares that had been subject to the Partner Transfer Restrictions that lapsed on May 8, 2002 and May 8, 2003, as well as up to 10% of each Covered Person's shares that are subject to the Partner Transfer Restrictions that would otherwise lapse on May 8, 2004 (generally not including shares held through U.S. estate planning vehicles or private charitable foundations). The decision as to whether and how many shares to sell will be made by each participant on a daily basis, subject to the volume limitation. Covered Persons may from time to time acquire Uncovered Shares for investment purposes. Except as described herein and except for the acquisition by Covered Persons of Common Stock pursuant to employee compensation, benefit or similar plans of GS Inc. in the future or as described above, none of the Covered Persons has any plans or proposals which relate to or would result in their acquisition of additional Common Stock or any of the other events described in Item 4(a) through 4(j). Each Covered Person is expected to evaluate on an ongoing basis GS Inc.'s financial condition and prospects and his or her interests in and with respect to GS Inc. Accordingly, each Covered Person may change his or her plans and intentions at any time and from time to time. In particular, each Covered Person may at any time and from time to time acquire or dispose of shares of Common Stock. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) Rows (11) and (13) of the cover page to this Schedule, Appendix A and Annex A are hereby incorporated by reference. Each Covered Person hereby disclaims beneficial ownership of any shares of Common Stock held by any other Covered Person. Except as described in Annex D, none of the shares of Common Stock reported in rows (11) and (13) of the cover page to this Schedule and Appendix A are shares as to which there is a right to acquire exercisable within 60 days. (b) Rows (7) through (10) of the cover page to this Schedule, Appendix A and Annex A set forth the percentage range of Covered Shares as to which there is sole power to vote or direct the vote or to dispose or direct the disposition; the number of Uncovered Shares as to which there is sole power to vote or direct the vote or to dispose or direct the disposition; and the number of shares of Common Stock as to which there is shared power to vote or direct the vote or to dispose or direct the disposition. With respect to the Covered Shares subject to the Partner Transfer Restrictions, the power to vote Covered Shares by Covered Persons is shared with each other Covered Person, as described below in response to Item 6. Each Covered Person hereby disclaims beneficial ownership of any shares of Common Stock held by any other Covered Person. (c) Except as described in Annex E or previously reported on Schedule 13D, no Covered Person has effected any transactions in Common Stock in the past 60 days. (d), (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Each Covered Person listed on the cover page to this Schedule and Appendix A hereto is a party to the Shareholders' Agreement. The Shareholders' Agreement, and forms of the Counterparts to the Shareholders' Agreement executed by or on behalf of the Estate Planning Covered Persons, certain Hull Covered Persons and the Transferee Covered Persons, are filed as Exhibits to this Schedule and the following summary of the terms of the Shareholders' Agreement is qualified in its entirety by reference thereto. In the case of each SLK Covered Person, certain of the provisions and restrictions discussed below are set forth in an Amended and Restated Member Agreement, dated as of September 10, 2000, and amended and restated as of October 26, 2000 (an "SLK Member Agreement"), between such SLK Covered Person and GS Inc. In the case of each Jacobson Covered Person, certain of the provisions and restrictions discussed below are set forth in a Member Agreement, dated as of January 26, 2001 (the "Jacobson Member Agreement"), between such Jacobson Covered Person and GS Inc. In the case of each Walter Frank Covered Person, certain of the provisions and restrictions discussed below are set forth in a Member 48 Agreement, dated as of May 16, 2002 (the "Walter Frank Member Agreement"), between such Walter Frank Covered Person and GS Inc. In the case of John Breyo, certain of the provisions and restrictions discussed below are set forth in a Partner Agreement, dated as of April 14, 2003 (the "Breyo Partner Agreement"), between John Breyo and GS Inc and, together with the SLK Member Agreement, the Jacobson Member Agreement and the Walter Frank Member Agreement, the "Member Agreements"). The forms of the Member Agreements are filed as Exhibits to this Schedule and the following summary is qualified in its entirety by reference thereto. References to the "board of directors" are to the board of directors of The Goldman Sachs Group, Inc. The Covered Shares include generally all Common Stock acquired or to be acquired from GS Inc. by the Covered Persons. Covered Shares include: shares of Common Stock acquired by the PMDs in exchange for their interests in Group L.P. and certain of its affiliates; shares of Common Stock acquired by the Acquisition Covered Persons in exchange for their interests in Hull, SLK LLC, Jacobson, Walter Frank or Ayco, as applicable; shares of Common Stock acquired or to be acquired through the grant of restricted stock units, stock options and interests in a defined contribution plan (except for certain Uncovered Shares as specified in Appendix A); shares of Common Stock acquired by the Transferee Covered Persons in accordance with pre-existing contractual arrangements or judicial decrees; shares of Common Stock acquired or to be acquired by Estate Planning Covered Persons from Individual Covered Persons for estate planning purposes and shares of Common Stock to be distributed by Estate Planning Covered Persons to Individual Covered Persons or to other Estate Planning Covered Persons; and, unless otherwise determined by the board of directors and the Shareholders' Committee, any shares of Common Stock acquired or to be acquired by the Covered Persons from GS Inc. through any other employee compensation, benefit or similar plan. Covered Shares do not include any shares of Common Stock purchased or to be purchased by a Covered Person in the open market or in a subsequent underwritten public offering. TRANSFER RESTRICTIONS Each Individual Covered Person (other than the Transferee Covered Persons and, with respect to the shares of Common Stock received in exchange for their interests in Hull, the Hull Covered Persons) has agreed in the Shareholders' Agreement, among other things, to retain beneficial ownership of Covered Shares at least equal to 25% of the cumulative number of Covered Shares beneficially owned by him or her at the time he or she became a Covered Person or acquired by him or her thereafter and with no credit for dispositions (the "General Transfer Restrictions") for so long as he or she is a Covered Person and an employee of GS Inc. (an "Employee Covered Person"). The PMDs are also subject to limitations on their ability to transfer some of the Covered Shares received in connection with the succession of GS Inc. to the business of Group L.P. Such restrictions also apply to some of the Covered Shares acquired by the Acquisition Covered Persons in exchange for their interests in Hull, SLK LLC, Jacobson, Walter Frank or Ayco, as applicable. Under these restrictions (the "Partner Transfer Restrictions" and, together with the General Transfer Restrictions, the "Transfer Restrictions"), each PMD, Hull Covered Person, SLK Covered Person and Jacobson Covered Person agreed not to transfer such Covered Shares until after May 7, 2002, the third anniversary of the date of GS Inc.'s initial public offering of its Common Stock, each Walter Frank Covered Person agreed not to transfer such Covered Shares until after June 26, 2003, the first anniversary of the closing of the acquisition by GS Inc. of Walter Frank, and John Breyo agreed not to transfer such Covered Shares until after July 1, 2004, the first anniversary of the closing of the acquisition by GS Inc. of Ayco. The Partner Transfer Restrictions lapsed as to 25,325,624 Covered Shares on May 8, 2002, 54,786,126 Covered Shares on May 8, 2003 and 177,851 Covered Shares on June 26, 2003, and will lapse as to the remaining Covered Shares beneficially owned by the PMDs, Hull Covered Persons, SLK Covered Persons and Jacobson Covered Persons on May 8, 2004, as to the Covered Shares beneficially owned by the Walter Frank Covered Persons in equal installments on each of June 26, 2004 and June 26, 2005 and as to the Covered Shares beneficially owned by John Breyo in equal installments on each of July 1, 2004, July 1, 2005 and such date after December 31, 2005 (but in no event later than January 31, 2005) on which GS Inc. notifies John Breyo that such Partner Transfer Restrictions have lapsed. The Covered Shares held by each Estate Planning Covered Person and Transferee Covered Person are subject to the same Partner Transfer Restrictions that applied to such Covered Shares prior to such Covered Person's acquisition thereof. The Transfer Restrictions applicable to an Individual Covered Person (and his or her Estate Planning Covered Persons) terminate upon the death of the Individual Covered Person. 49 WAIVERS Except in the case of a third-party tender or exchange offer, the Partner Transfer Restrictions may be waived or terminated at any time by the Shareholders' Committee described below under "Information Regarding the Shareholders' Committee". The Shareholders' Committee also has the power to waive the Transfer Restrictions to permit Covered Persons to: participate as sellers in underwritten public offerings of Common Stock and tender and exchange offers and share repurchase programs by GS Inc.; transfer Covered Shares to charities, including charitable foundations; transfer Covered Shares held in employee benefit plans; and transfer Covered Shares in specific transactions (for example, to immediate family members and trusts) or other circumstances. The Shareholders' Committee permitted the transfers of Covered Shares to the Estate Planning Covered Persons and the Transferee Covered Persons on the condition that each Estate Planning Covered Person and Transferee Covered Person agree to become a party to the Shareholders' Agreement and to be bound by the Partner Transfer Restrictions. On July 31, 2000, the Shareholders' Committee waived the Partner Transfer Restrictions solely to permit certain Covered Persons to pledge a portion of their Covered Shares to obtain approximately $400,000,000 in loan commitments to make investments from time to time in certain merchant banking funds sponsored by GS Inc. The loan commitments are for five years, may be drawn upon from time to time and generally require that any loans be collateralized by shares of Common Stock with a market value four times that of the amount borrowed. Pursuant to Rule 13d-3(d)(3) under the Securities Exchange Act of 1934, as amended, the pledgees did not acquire beneficial ownership of the pledged shares by virtue of the pledge. The Shareholders' Committee and, in the case of the Acquisition Covered Persons, the board of directors waived the Partner Transfer Restrictions to permit the sale of up to an aggregate of 647,042 Covered Shares by certain Covered Persons under the Channel A Sales Program described in Item 4 and up to an aggregate of 1,956,198 Covered Shares by certain Covered Persons under the Channel B Sales Program described in Item 4, in each case commencing on or around September 24, 2003 and terminating on or around October 24, 2003. These amounts represent no more than 10% of the Covered Shares held by each participant in the Channel A or Channel B Sales Program that are subject to the Partner Transfer Restrictions that would otherwise lapse on May 8, 2004 (generally not including shares held through U.S. estate planning vehicles or private charitable foundations). In the case of a third-party tender or exchange offer, the Transfer Restrictions may be waived or terminated: if the board of directors is recommending acceptance or is not making any recommendation with respect to acceptance of the tender or exchange offer, by a majority of the Voting Interests (as defined below); or if the board of directors is recommending rejection of the tender or exchange offer, by 66 2/3% of the outstanding Voting Interests. In the case of a tender or exchange offer by GS Inc., a majority of the outstanding Voting Interests may also elect to waive or terminate the Transfer Restrictions. VOTING Prior to any vote of the shareholders of GS Inc., the Shareholders' Agreement requires a separate, preliminary vote of the Voting Interests on each matter upon which a vote of the shareholders is proposed to be taken (the "Preliminary Vote"). Each Covered Share held by an Employee Covered Person and each other Covered Share subject to the Partner Transfer Restrictions will be voted in accordance with the majority of the votes cast by the Voting Interests in the Preliminary Vote. In elections of directors, each Covered Share will be voted in favor of the election of those persons receiving the highest numbers of votes cast by the Voting Interests in the Preliminary Vote. "Voting Interests" are Covered Shares beneficially owned by all Employee Covered Persons. OTHER RESTRICTIONS The Shareholders' Agreement also prohibits the Employee Covered Persons from engaging in certain activities relating to any securities of GS Inc. with any person who is not a Covered Person or a director, officer or employee of GS Inc. ("Restricted Persons"). Among other things, an Employee Covered Person may not: participate in a proxy solicitation to or with a Restricted Person; deposit any Covered Shares in a voting trust or 50 subject any Covered Shares to any voting agreement or arrangement that includes any Restricted Person; form, join or in any way participate in a "group" with any Restricted Person; or together with any Restricted Person, propose certain transactions with GS Inc. or seek the removal of any directors of GS Inc. or any change in the composition of the board of directors. TERM, AMENDMENT AND CONTINUATION The Shareholders' Agreement is to continue in effect until the earlier of January 1, 2050 and the time it is terminated by the vote of 66 2/3% of the outstanding Voting Interests. The Partner Transfer Restrictions will not terminate upon the expiration or termination of the Shareholders' Agreement unless previously waived or terminated or unless subsequently waived or terminated by the board of directors. The Shareholders' Agreement may generally be amended at any time by a majority of the outstanding Voting Interests. Unless otherwise terminated, in the event of any transaction in which a third party succeeds to the business of GS Inc. and in which Covered Persons hold securities of the third party, the Shareholders' Agreement will remain in full force and effect as to the securities of the third party, and the third party shall succeed to the rights and obligations of GS Inc. under the Shareholders' Agreement. INFORMATION REGARDING THE SHAREHOLDERS' COMMITTEE The Shareholders' Committee constituted pursuant to the Shareholders' Agreement (the "Shareholders' Committee") shall at any time consist of each of those individuals who are both Employee Covered Persons and members of the board of directors and who agree to serve as members of the Shareholders' Committee. If there are less than three individuals who are both Employee Covered Persons and members of the board of directors and who agree to serve as members of the Shareholders' Committee, the Shareholders' Committee shall consist of each such individual plus such additional individuals who are Employee Covered Persons and who are selected pursuant to procedures established by the Shareholders' Committee as shall assure a Shareholders' Committee of not less than three members who are Employee Covered Persons. Currently, Henry M. Paulson, Jr., John A. Thain and Lloyd C. Blankfein are the members of the Shareholders' Committee. PLEDGE AGREEMENTS Each PMD has pledged (the "IPO Pledge") to GS Inc. Common Stock or other assets with an initial value equal to $15 million for each such person who served on the board of directors on May 7, 1999, the Management Committee or the Partnership Committee of GS Inc. and $10 million for each other such person. This pledge secures the liquidated damages provision of a noncompetition agreement which each such person has entered into with GS Inc. The form of agreement relating to noncompetition and other covenants and the form of pledge agreement, as amended, are filed as Exhibits to this Schedule and the foregoing summary of these agreements is qualified in its entirety by reference thereto. In connection with the transfers by persons subject to a noncompetition agreement to Estate Planning Covered Persons who are corporations and certain transfers to Estate Planning Covered Persons who are trusts, the IPO Pledge was replaced with a guarantee and pledge agreement that was entered into by the relevant Estate Planning Covered Person. In addition, each transferring Covered Person in these transfers was required to pledge the capital stock or trust interests, as applicable, of the relevant Estate Planning Covered Person to GS Inc. in order to further secure the transferring Covered Person's obligations under the noncompetition agreement. The forms of the pledge agreements, as amended, are filed as Exhibits to this Schedule and the foregoing summary of these agreements is qualified in its entirety by reference thereto. On June 25, 2003, a similar arrangement was established with respect to a previously established Estate Planning Covered Person, with the IPO Pledge being replaced by a guarantee and pledge agreement entered into by the Estate Planning Covered Person and the Individual Covered Person pledging his interests in the entity to GS Inc. In connection with GS Inc.'s combination with SLK and acquisitions of Jacobson and Walter Frank, each SLK Covered Person, Jacobson Covered Person and Walter Frank Covered Person who is an individual has pledged to GS Inc. Common Stock or other assets to secure the Covered Person's obligation under his or her Member Agreement to pay liquidated damages upon breach of certain provisions relating to noncompetition and 51 nonsolicitation. In connection with GS Inc.'s acquisition of Ayco, John Breyo has pledged to GS Inc. Common Stock or other assets to secure his obligations under the Breyo Partner Agreement to indemnify GS Inc. in connection with the acquisition of Ayco and not to engage in certain competitive activities or solicit clients or employees of GS Inc. The form of each pledge agreement, as amended, is filed as an Exhibit to this Schedule and the foregoing summary of this agreement is qualified in its entirety by reference thereto. In addition to pledges pursuant to the arrangements described in the second paragraph under "Waivers" above, one or more Covered Persons have pledged in the aggregate 2,711,286 Covered Shares to third-party lending institutions as collateral for loans. A portion of these pledged shares may be sold from time to time with the consent of the third-party lending institution. REGISTRATION RIGHTS INSTRUMENT FOR CHARITABLE DONATIONS In connection with the donations of shares of Common Stock by certain Covered Persons to certain charitable organizations on December 13, 1999, December 22, 2000, December 26, 2001, January 9, 2002, December 23, 2002 and January 8, 2003, GS Inc. entered into a Registration Rights Instrument and four substantially similar Supplemental Registration Rights Instruments (the "Charitable Supplements"). The following is a description of the Registration Rights Instrument, as supplemented by the Charitable Supplements. The Registration Rights Instrument and the Charitable Supplements are filed as Exhibits to this Schedule, and the following summary of these agreements is qualified in its entirety by reference thereto. Pursuant to the Registration Rights Instrument and the Charitable Supplements, GS Inc. has agreed to register the donated shares of Common Stock for resale by charitable foundations and public charities. GS Inc. has agreed in the Registration Rights Instrument and the Charitable Supplements to pay all of the fees and expenses relating to the offering by the charitable organizations, other than any agency fees and commissions or underwriting commissions or discounts or any transfer taxes incurred by the charitable organizations in connection with their resales. GS Inc. also has agreed to indemnify the charitable organizations against certain liabilities, including those arising under the Securities Act. GS Inc. may amend the Registration Rights Instrument and the Charitable Supplements in any manner that it deems appropriate, without the consent of any charitable organization. However, GS Inc. may not make any amendment that would cause the shares of Common Stock to fail to be "qualified appreciated stock" within the meaning of Section 170 of the Internal Revenue Code. In addition, GS Inc. may not make any amendment that would materially and adversely affect the rights of any charitable organization without the consent of a majority of the materially and adversely affected charitable organizations. REGISTRATION RIGHTS INSTRUMENT FOR EMPLOYEE MANAGING DIRECTORS In connection with the sale by certain Covered Persons (the "Employee Managing Directors") of shares of Common Stock acquired from GS Inc. pursuant to the terms of restricted stock units, GS Inc. entered into a Supplemental Registration Rights Instrument (the "EMD Supplement"), which supplements the Registration Rights Instrument referred to above. The following is a description of the Registration Rights Instrument, as supplemented by the EMD Supplement. The Registration Rights Instrument and the EMD Supplement are filed as Exhibits to this Schedule, and the following summary of these agreements is qualified in its entirety by reference thereto. Pursuant to the Registration Rights Instrument and the EMD Supplement, GS Inc. has agreed to pay all of the fees and expenses relating to the registered offering of shares of Common Stock held by the Employee Managing Directors, other than any agency fees and commissions or underwriting commissions or discounts or any transfer taxes incurred by the Employee Managing Directors in connection with the sales. GS Inc. also has agreed to indemnify the Employee Managing Directors against certain liabilities, including those arising under the Securities Act. DERIVATIVE INSTRUMENTS Certain Individual Covered Persons have written American-style call options on an aggregate of 2,965,000 Covered Shares with strike prices ranging from $70 to $100 and maturity dates ranging from September 20, 2003 to 52 January 21, 2006. None of these Covered Persons is employed by Goldman Sachs. An Individual Covered Person not employed by Goldman Sachs has written an American-style put option on 5,000 Covered Shares with a strike price of $75 and a maturity date of January 17, 2004. On May 8, 2003, an Individual Covered Person purchased an American-style put option on 40,000 Covered Shares with a strike price of $70.00 and an expiration date of January 17, 2004 and wrote an American-style call option on 40,000 Covered Shares with a strike price of $85.00 and an expiration date of January 17, 2004. On June 3, 2003, this Individual Covered Person purchased an American-style put option on 30,000 Covered Shares with a strike price of $75.00 and an expiration date of January 17, 2004 and wrote an American-style call option on 30,000 Covered Shares with a strike price of $90.00 and an expiration date of January 17, 2004. This Covered Person is not employed by Goldman Sachs. Certain private foundations established by one or more Individual Covered Persons, none of whom are employed by Goldman Sachs, have written American-style call options on an aggregate of 56,500 Uncovered Shares with strike prices ranging from $80 to $95 and maturity dates ranging from September 20, 2003 to October 18, 2003. An Individual Covered Person who is not employed by GS Inc. entered into two separate pre-paid variable share forward contracts on June 2, 2003 on Covered Shares that were not subject to any transfer restrictions. One contract relates to 74,051 Covered Shares, has a Cap Price (as used in the formula below) of $98.59 and a Floor Price (as used in the formula below) of $82.15, and yielded proceeds to the Individual Covered Person of $5,275,126.66. The other contract relates to 74,052 Covered Shares, has a Cap Price of $98.42 and a Floor Price of $82.02, and yielded proceeds to the Individual Covered Person of $5,267,570.54. Both contracts have a delivery date of June 7, 2006 (the "Delivery Date"). Under each contract, in exchange for receiving the proceeds, the Individual Covered Person agreed to deliver a number of shares of Common Stock on the Delivery Date (or on an earlier date if the contract is terminated early) pursuant to the following formula: (i) if the price of Common Stock on June 2, 2006 (the "Final Price") is less than the Floor Price, the number of shares to which the contract relates (the "Number of Shares"); (ii) if the Final Price is less than to the Cap Price, but greater than the Floor Price, then a number of shares equal to the Number of Shares times the Floor Price divided by the Final Price; (iii) if the Final Price is greater than the Cap Price, then a number of shares equal to the Number of Shares multiplied by a fraction, the numerator of which is the sum of the Floor Price and the difference between the Final Price and the Cap Price, and the denominator of which is the Final Price. Alternatively, the Individual Covered Person has the option to cash settle either contract, with the cash settlement amount being equal to the Number of Shares to be delivered times the Final Price. In connection with these contracts, the Individual Covered Person pledged an aggregate of 148,103 Covered Shares to the counterparties to secure the delivery obligation. 53 Material to be Filed as Exhibits
Exhibit Description - ------- ----------------------------------------------------- A. Shareholders' Agreement, dated as of May 7, 1999 (incorporated by reference to Exhibit A to the Schedule 13D filed May 17, 1999 (File No. 005-56295) (the "Initial Schedule 13D")). B. Form of Agreement Relating to Noncompetition and Other Covenants (incorporated by reference to Exhibit 10.20 to the registration statement on Form S-1 (File No. 333-74449) filed by The Goldman Sachs Group, Inc.). C. Form of Pledge Agreement (the "IPO Pledge Agreement") (incorporated by reference to Exhibit 10.21 to the registration statement on Form S-1 (File No. 333-74449) filed by The Goldman Sachs Group, Inc.). D. Form of Amendment No. 1 to the IPO Pledge Agreement (filed as Exhibit E), dated July 10, 2000 (incorporated by reference to Exhibit F to Amendment No. 4 to the Initial Schedule 13D, filed July 11, 2000 (File No. 005-56295)). E. Registration Rights Instrument, dated as of December 10, 1999 (incorporated by reference to Exhibit G to Amendment No. 1 to the Initial Schedule 13D, filed December 17, 1999 (File No. 005-56295)). F. Supplemental Registration Rights Instrument, dated as of December 10, 1999 (incorporated by reference to Exhibit H to Amendment No. 1 to the Initial Schedule 13D, filed December 17, 1999 (File No. 005-56295)). G. Form of Counterpart to Shareholders' Agreement for former profit participating limited partners of The Goldman Sachs Group, L.P. (incorporated by reference to Exhibit I to Amendment No. 2 to the Initial Schedule 13D, filed June 21, 2000 (File No. 005-56295)). H. Form of Counterpart to Shareholders' Agreement for former retired limited partners of The Goldman Sachs Group, L.P. who are currently managing directors of The Goldman Sachs Group, Inc. (incorporated by reference to Exhibit J to Amendment No. 2 to the Initial Schedule 13D, filed June 21, 2000 (File No. 005-56295)). I. Form of Counterpart to Shareholders' Agreement for non-individual former owners of Hull and Associates, L.L.C. (incorporated by reference to Exhibit K to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). J. Form of Counterpart to Shareholders' Agreement for non-U.S. corporations (incorporated by reference to Exhibit L to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). K. Form of Counterpart to Shareholders' Agreement for non-U.S. trusts (incorporated by reference to Exhibit M to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). L. Form of Guarantee and Pledge Agreement for non-U.S. corporations (incorporated by reference to Exhibit N to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). M. Form of Pledge Agreement for shareholders of non-U.S. corporations (incorporated by reference to Exhibit O to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)).
54
Exhibit Description - ------- ----------------------------------------------------- N. Form of Pledge Agreement for shareholders of non-U.S. corporations (Jersey version) (incorporated by reference to Exhibit P to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). O. Form of Counterpart to Shareholders' Agreement for Transferee Covered Persons (incorporated by reference to Exhibit Q to Amendment No. 5 to the Initial Schedule 13D, filed August 2, 2000 (File No. 005-56295)). P. Supplemental Registration Rights Instrument, dated as of June 19, 2000 (incorporated by reference to Exhibit R to Amendment No. 5 to the Initial Schedule 13D, filed August 2, 2000 (File No. 005-56295)). Q. Power of Attorney (incorporated by reference to Exhibit X to Amendment No. 14 to the Initial Schedule 13D, filed March 29, 2001 (File No. 005-56295)). R. Form of Amended and Restated Member Agreement, dated as of September 10, 2000, and amended and restated as of October 26, 2000, between GS Inc. and each SLK Covered Person (incorporated by reference to Exhibit Y to Amendment No. 10 to the Initial Schedule 13D, filed November 3, 2000 (File No. 005-56295)). S. Form of Pledge Agreement, dated as of October 31, 2000, between GS Inc. and each SLK Covered Person (incorporated by reference to Exhibit Z to Amendment No. 10 to the Initial Schedule 13D, filed November 3, 2000 (File No. 005-56295)). T. Supplemental Registration Rights Instrument, dated as of December 21, 2000 (incorporated by reference to Exhibit AA to Amendment No. 12 to the Initial Schedule 13D, filed January 23, 2001 (File No. 005-56295)). U. Form of Member Agreement, dated as of January 26, 2001, between GS Inc. and each Jacobson Covered Person (incorporated by reference to Exhibit BB to Amendment No. 14 to the Initial Schedule 13D, filed March 28, 2001 (File No. 005-56295)). V. Form of Pledge Agreement, dated as of March 19, 2001, between GS Inc. and each Jacobson Covered Person (incorporated by reference to Exhibit CC to Amendment No. 14 to the Initial Schedule 13D, filed March 28, 2001 (File No. 005-56295)). W. Form of Guarantee and Pledge Agreement for trusts (incorporated by reference to Exhibit DD to Amendment No. 19 to the Initial Schedule 13D, filed October 30, 2001 (File No. 005-56295)). X. Form of Pledge Agreement for beneficiaries of trusts (incorporated by reference to Exhibit EE to Amendment No. 19 to the Initial Schedule 13D, filed October 30, 2001 (File No. 005-56295)). Y. Form of Guarantee and Pledge Agreement for non-U.S. trusts holding Common Stock through non-U.S. corporations (incorporated by reference to Exhibit FF to Amendment No. 20 to the Initial Schedule 13D, filed December 21, 2001 (File No. 005-56295)). Z. Form of Pledge Agreement for beneficiaries of non-U.S. trusts holding Common Stock through non-U.S. corporations (incorporated by reference to Exhibit GG to Amendment No. 20 to the Initial Schedule 13D, filed December 21, 2001 (File No. 005-56295)). AA. Supplemental Registration Rights Instrument, dated as of December 21, 2001 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-74006) filed by The Goldman Sachs Group, Inc.).
55
Exhibit Description - ------- ----------------------------------------------------- BB. Form of Power of Attorney executed by Covered Persons participating in the Channel A Sales Program (incorporated by reference to Exhibit BB to Amendment No. 27 to the Initial Schedule 13D, filed June 20, 2002 (File No. 005-56295)). CC. Form of Member Agreement, dated as of May 16, 2002, between GS Inc. and each Walter Frank Covered Person (incorporated by reference to Exhibit CC to Amendment No. 28 to the Initial Schedule 13D, filed July 5, 2002 (File No. 005-56295)). DD. Form of Pledge Agreement, dated as of June 26, 2002, between GS Inc. and each Walter Frank Covered Person (incorporated by reference to Exhibit DD to Amendment No. 28 to the Initial Schedule 13D, filed July 5, 2002 (File No. 005-56295)). EE. Supplemental Registration Rights Instrument, dated as of December 20, 2002 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-101093) filed by The Goldman Sachs Group, Inc.). FF. Form of Written Consent Relating to Sale and Purchase of Common Stock (incorporated by reference to Exhibit FF to Amendment No. 35 to the Initial Schedule 13D, filed January 8, 2003 (File No. 005-56295)). GG. Partner Agreement, dated as of April 14, 2003, between GS Inc. and John Breyo. HH. Pledge Agreement, dated as of July 1, 2003, between GS Inc. and John Breyo.
56 ANNEX A INFORMATION REQUIRED AS TO EXECUTIVE OFFICERS AND DIRECTORS OF CORPORATE COVERED PERSONS
CONVICTIONS OR BENEFICIAL VIOLATIONS OF OWNERSHIP OF THE FEDERAL OR STATE COMMON STOCK OF PRESENT LAWS WITHIN THE THE GOLDMAN NAME CITIZENSHIP BUSINESS ADDRESS EMPLOYMENT LAST FIVE YEARS SACHS GROUP, INC. - ------------------------------------------------------------------------------------------------------------ Steven M. USA 85 Broad Street Managing Director, None Covered Person, so Bunson New York, NY The Goldman Sachs ownership is as set 10004 Group, Inc. forth in or incorporated into Item 5 above. - ------------------------------------------------------------------------------------------------------------ Russell E. USA 85 Broad Street Managing Director, None Covered Person, so Makowsky New York, NY The Goldman Sachs ownership is as set 10004 Group, Inc. forth in or incorporated into Item 5 above. - ------------------------------------------------------------------------------------------------------------ Michael H. UK 26 New Street, Partner, None None Richardson St. Helier, Jersey, Bedell Cristin JE4 3RA - ------------------------------------------------------------------------------------------------------------ Anthony J. UK 26 New Street, Partner, None None Dessain St. Helier, Jersey, Bedell Cristin JE4 3RA - ------------------------------------------------------------------------------------------------------------
57 ANNEX B ITEMS 2(D) AND 2(E). INFORMATION REQUIRED AS TO CERTAIN PROCEEDINGS None. 58 ANNEX C ITEM 4. PLANNED DISPOSITION OF SECURITIES OF THE ISSUER BY COVERED PERSONS None. 59 ANNEX D ITEM 5(A). DESCRIPTION OF SHARES AS TO WHICH THERE IS A RIGHT TO ACQUIRE EXERCISABLE WITHIN 60 DAYS. An aggregate of 14,676,761 shares of Common Stock are deliverable to Covered Persons upon the exercise of stock options, all of which have vested and are exercisable. Upon delivery, these shares of Common Stock will be Covered Shares. On or about September 24, 2003, 44,415 shares of Common Stock will be delivered pursuant to the terms of an equal number of restricted stock units, and stock options covering 51,235 shares of Common Stock will vest and become exercisable. Upon delivery or exercise, these shares of Common Stock will be Covered Shares. 60 ANNEX E ITEM 5(C). DESCRIPTION OF ALL TRANSACTIONS IN THE COMMON STOCK EFFECTED BY THE COVERED PERSONS IN THE PAST 60 DAYS AND NOT PREVIOUSLY REPORTED ON SCHEDULE 13D The following sales of Covered Shares were made by the following Covered Persons through one or more subsidiaries of GS Inc. for cash on the New York Stock Exchange:
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - ------------------------------------------------------------------------------ Channel A Sales - ------------------------------------------------------------------------------ Christopher A. Cole July 14, 2003 7,500 $89.90 - ------------------------------------------------------------------------------ Eric M. Mindich July 14, 2003 10,000 $89.90 - ------------------------------------------------------------------------------ Gary D. Cohn July 15, 2003 20,000 $88.98 - ------------------------------------------------------------------------------ Christopher A. Cole July 15, 2003 7,500 $88.98 - ------------------------------------------------------------------------------ Stephen H. Frank July 15, 2003 25,363 $88.98 - ------------------------------------------------------------------------------ Robert J. Hurst July 15, 2003 20,000 $88.98 - ------------------------------------------------------------------------------ Scott B. Kapnick July 15, 2003 25,000 $88.98 - ------------------------------------------------------------------------------ Kevin W. Kennedy July 15, 2003 25,000 $88.98 - ------------------------------------------------------------------------------ Eric M. Mindich July 15, 2003 10,000 $88.98 - ------------------------------------------------------------------------------ John S. Weinberg July 15, 2003 25,000 $88.98 - ------------------------------------------------------------------------------ Peter A. Weinberg July 15, 2003 20,000 $88.98 - ------------------------------------------------------------------------------ Christopher A. Cole July 16, 2003 7,500 $87.48 - ------------------------------------------------------------------------------ Eric M. Mindich July 16, 2003 10,000 $87.48 - ------------------------------------------------------------------------------ Christopher A. Cole July 17, 2003 7,500 $86.19 - ------------------------------------------------------------------------------ Robert J. Hurst July 17, 2003 40,000 $86.19 - ------------------------------------------------------------------------------ Eric M. Mindich July 17, 2003 10,000 $86.19 - ------------------------------------------------------------------------------ Christopher A. Cole July 18, 2003 7,500 $86.81 - ------------------------------------------------------------------------------ John G. Ketterer III July 18, 2003 9,881 $86.81 - ------------------------------------------------------------------------------ Christopher A. Cole July 21, 2003 7,500 $85.96 - ------------------------------------------------------------------------------ John G. Ketterer III July 21, 2003 7,000 $85.96 - ------------------------------------------------------------------------------ Christopher A. Cole July 22, 2003 7,500 $85.97 - ------------------------------------------------------------------------------ Christopher A. Cole July 23, 2003 7,500 $85.83 - ------------------------------------------------------------------------------ Richard A. Friedman July 23, 2003 50,000 $85.83 - ------------------------------------------------------------------------------ Gary D. Cohn July 24, 2003 10,000 $86.35 - ------------------------------------------------------------------------------ Christopher A. Cole July 24, 2003 5,698 $86.35 - ------------------------------------------------------------------------------ Thomas K. Montag July 24, 2003 29,579 $86.35 - ------------------------------------------------------------------------------ John G. Ketterer III July 25, 2003 15,000 $85.83 - ------------------------------------------------------------------------------ Channel B Sales - ------------------------------------------------------------------------------ James A. Coufos July 14, 2003 2,000 $89.80 - ------------------------------------------------------------------------------ Frank L. Coulson Jr. July 14, 2003 10,000 $89.80 - ------------------------------------------------------------------------------ Mark Dehnert Living Trust July 14, 2003 5,000 $89.80 - ------------------------------------------------------------------------------ Pieter Maarten Feenstra July 14, 2003 5,000 $89.80 - ------------------------------------------------------------------------------ Mary C. Henry July 14, 2003 6,000 $89.80 - ------------------------------------------------------------------------------ Guapulo Holdings Ltd July 14, 2003 4,762 $89.80 - ------------------------------------------------------------------------------ Robert J. Katz July 14, 2003 15,000 $89.80 - ------------------------------------------------------------------------------ David G. Lambert July 14, 2003 2,500 $89.80 - ------------------------------------------------------------------------------ Mijen Family Partnership July 14, 2003 10,000 $89.80 - ------------------------------------------------------------------------------ Robert Litterman July 14, 2003 12,591 $89.80 - ------------------------------------------------------------------------------ Jonathan M. Lopatin July 14, 2003 4,700 $89.80 - ------------------------------------------------------------------------------ Peter G.C. Mallinson July 14, 2003 25,000 $89.80 - ------------------------------------------------------------------------------
61
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - ------------------------------------------------------------------------------ Eff W. Martin July 14, 2003 10,000 $89.80 - ------------------------------------------------------------------------------ Chambolle Limited July 14, 2003 2,205 $89.80 - ------------------------------------------------------------------------------ Joseph Sassoon July 14, 2003 7,000 $89.80 - ------------------------------------------------------------------------------ Howard A. Silverstein July 14, 2003 4,000 $89.80 - ------------------------------------------------------------------------------ Melalula Limited July 14, 2003 4,629 $89.80 - ------------------------------------------------------------------------------ Barry S. Volpert July 14, 2003 20,000 $89.80 - ------------------------------------------------------------------------------ Yasuyo Yamazaki July 14, 2003 3,000 $89.80 - ------------------------------------------------------------------------------ Mark A. Zurack July 14, 2003 5,000 $89.80 - ------------------------------------------------------------------------------ Bradley I. Abelow July 15, 2003 2,500 $89.17 - ------------------------------------------------------------------------------ Andrew A. Chisholm July 15, 2003 20,000 $89.17 - ------------------------------------------------------------------------------ Lawrence A. Cohen July 15, 2003 20,000 $89.17 - ------------------------------------------------------------------------------ James A. Coufos July 15, 2003 3,000 $89.17 - ------------------------------------------------------------------------------ Frank L. Coulson Jr. July 15, 2003 10,000 $89.17 - ------------------------------------------------------------------------------ Randolph L. Cowen July 15, 2003 10,000 $89.17 - ------------------------------------------------------------------------------ Philip M. Darivoff July 15, 2003 12,000 $89.17 - ------------------------------------------------------------------------------ Pieter Maarten Feenstra July 15, 2003 5,000 $89.17 - ------------------------------------------------------------------------------ Jeffrey B. Goldenberg July 15, 2003 10,000 $89.17 - ------------------------------------------------------------------------------ Andrew M. Gordon July 15, 2003 15,000 $89.17 - ------------------------------------------------------------------------------ David B. Heller July 15, 2003 6,000 $89.17 - ------------------------------------------------------------------------------ M. Roch Hillenbrand July 15, 2003 5,000 $89.17 - ------------------------------------------------------------------------------ Francis J. Ingrassia July 15, 2003 10,000 $89.17 - ------------------------------------------------------------------------------ James A Jacobson July 15, 2003 14,240 $89.17 - ------------------------------------------------------------------------------ Guapulo Holdings Ltd July 15, 2003 4,762 $89.17 - ------------------------------------------------------------------------------ Robert J. Katz July 15, 2003 15,000 $89.17 - ------------------------------------------------------------------------------ Douglas W. Kimmelman July 15, 2003 20,000 $89.17 - ------------------------------------------------------------------------------ David G. Lambert July 15, 2003 2,500 $89.17 - ------------------------------------------------------------------------------ Anthony D. Lauto July 15, 2003 19,578 $89.17 - ------------------------------------------------------------------------------ Mijen Family Partnership July 15, 2003 15,000 $89.17 - ------------------------------------------------------------------------------ Robert Litterman July 15, 2003 12,000 $89.17 - ------------------------------------------------------------------------------ Jonathan M. Lopatin July 15, 2003 4,700 $89.17 - ------------------------------------------------------------------------------ Michael R. Lynch July 15, 2003 20,000 $89.17 - ------------------------------------------------------------------------------ Sanjeev K. Mehra July 15, 2003 10,000 $89.17 - ------------------------------------------------------------------------------ Sharmin Mossavar-Rahmani July 15, 2003 5,000 $89.17 - ------------------------------------------------------------------------------ Donald C. Opatrny Jr. July 15, 2003 15,000 $89.17 - ------------------------------------------------------------------------------ Scott S. Prince July 15, 2003 3,096 $89.17 - ------------------------------------------------------------------------------ Chambolle Limited July 15, 2003 2,205 $89.17 - ------------------------------------------------------------------------------ Joseph Sassoon July 15, 2003 7,000 $89.17 - ------------------------------------------------------------------------------ Charles B. Seelig Jr. July 15, 2003 40,000 $89.17 - ------------------------------------------------------------------------------ Richard S. Sharp July 15, 2003 25,000 $89.17 - ------------------------------------------------------------------------------ Howard A. Silverstein July 15, 2003 4,000 $89.17 - ------------------------------------------------------------------------------ Marc A. Spilker July 15, 2003 10,000 $89.17 - ------------------------------------------------------------------------------ Melalula Limited July 15, 2003 4,629 $89.17 - ------------------------------------------------------------------------------ Gene T. Sykes July 15, 2003 15,000 $89.17 - ------------------------------------------------------------------------------ Mark R. Tercek July 15, 2003 3,000 $89.17 - ------------------------------------------------------------------------------ John R. Tormondsen July 15, 2003 5,000 $89.17 - ------------------------------------------------------------------------------ Thomas E. Tuft July 15, 2003 5,000 $89.17 - ------------------------------------------------------------------------------ George W. Wellde Jr. July 15, 2003 25,000 $89.17 - ------------------------------------------------------------------------------ Gary W. Williams July 15, 2003 20,000 $89.17 - ------------------------------------------------------------------------------ Yasuyo Yamazaki July 15, 2003 3,696 $89.17 - ------------------------------------------------------------------------------ Mark A. Zurack July 15, 2003 10,000 $89.17 - ------------------------------------------------------------------------------ Carlos A. Cordeiro July 16, 2003 30,000 $87.58 - ------------------------------------------------------------------------------ James A. Coufos July 16, 2003 2,000 $87.58 - ------------------------------------------------------------------------------ Philip M. Darivoff July 16, 2003 15,000 $87.58 - ------------------------------------------------------------------------------ Pieter Maarten Feenstra July 16, 2003 5,000 $87.58 - ------------------------------------------------------------------------------
62
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - ------------------------------------------------------------------------------ Edward C. Forst July 16, 2003 5,000 $87.58 - ------------------------------------------------------------------------------ Mary C. Henry July 16, 2003 6,000 $87.58 - ------------------------------------------------------------------------------ Guapulo Holdings Ltd July 16, 2003 4,762 $87.58 - ------------------------------------------------------------------------------ Robert J. Katz July 16, 2003 15,000 $87.58 - ------------------------------------------------------------------------------ David G. Lambert July 16, 2003 2,500 $87.58 - ------------------------------------------------------------------------------ Mijen Family Partnership July 16, 2003 5,000 $87.58 - ------------------------------------------------------------------------------ Jonathan M. Lopatin July 16, 2003 4,700 $87.58 - ------------------------------------------------------------------------------ Donald C. Opatrny Jr. July 16, 2003 10,000 $87.58 - ------------------------------------------------------------------------------ Chambolle Limited July 16, 2003 2,205 $87.58 - ------------------------------------------------------------------------------ Charles B. Seelig Jr. July 16, 2003 40,000 $87.58 - ------------------------------------------------------------------------------ Howard A. Silverstein July 16, 2003 4,000 $87.58 - ------------------------------------------------------------------------------ Marc A. Spilker July 16, 2003 5,000 $87.58 - ------------------------------------------------------------------------------ Melalula Limited July 16, 2003 4,629 $87.58 - ------------------------------------------------------------------------------ Barry S. Volpert July 16, 2003 25,000 $87.58 - ------------------------------------------------------------------------------ Gary W. Williams July 16, 2003 10,000 $87.58 - ------------------------------------------------------------------------------ Mark A. Zurack July 16, 2003 5,000 $87.58 - ------------------------------------------------------------------------------ James A. Coufos July 17, 2003 2,000 $86.31 - ------------------------------------------------------------------------------ Mary C. Henry July 17, 2003 6,000 $86.31 - ------------------------------------------------------------------------------ Barry A. Kaplan July 17, 2003 10,000 $86.31 - ------------------------------------------------------------------------------ Guapulo Holdings Ltd July 17, 2003 4,762 $86.31 - ------------------------------------------------------------------------------ Robert J. Katz July 17, 2003 15,000 $86.31 - ------------------------------------------------------------------------------ Jonathan L. Kolatch July 17, 2003 8,937 $86.31 - ------------------------------------------------------------------------------ Jonathan M. Lopatin July 17, 2003 4,700 $86.31 - ------------------------------------------------------------------------------ Michael R. Lynch July 17, 2003 10,000 $86.31 - ------------------------------------------------------------------------------ Eff W. Martin July 17, 2003 10,000 $86.31 - ------------------------------------------------------------------------------ Chambolle Limited July 17, 2003 2,205 $86.31 - ------------------------------------------------------------------------------ Joseph Sassoon July 17, 2003 7,000 $86.31 - ------------------------------------------------------------------------------ Howard A. Silverstein July 17, 2003 4,000 $86.31 - ------------------------------------------------------------------------------ Marc A. Spilker July 17, 2003 5,000 $86.31 - ------------------------------------------------------------------------------ Melalula Limited July 17, 2003 4,629 $86.31 - ------------------------------------------------------------------------------ Barry S. Volpert July 17, 2003 25,000 $86.31 - ------------------------------------------------------------------------------ Mark A. Zurack July 17, 2003 5,000 $86.31 - ------------------------------------------------------------------------------ Henry Cornell July 18, 2003 100,000 $86.80 - ------------------------------------------------------------------------------ James A. Coufos July 18, 2003 1,000 $86.80 - ------------------------------------------------------------------------------ David B. Heller July 18, 2003 6,000 $86.80 - ------------------------------------------------------------------------------ Mary C. Henry July 18, 2003 6,000 $86.80 - ------------------------------------------------------------------------------ Guapulo Holdings Ltd July 18, 2003 4,762 $86.80 - ------------------------------------------------------------------------------ Robert J. Katz July 18, 2003 15,000 $86.80 - ------------------------------------------------------------------------------ Jonathan M. Lopatin July 18, 2003 4,700 $86.80 - ------------------------------------------------------------------------------ Michael R. Lynch July 18, 2003 10,000 $86.80 - ------------------------------------------------------------------------------ Donald C. Opatrny Jr. July 18, 2003 10,000 $86.80 - ------------------------------------------------------------------------------ Chambolle Limited July 18, 2003 2,205 $86.80 - ------------------------------------------------------------------------------ Howard A. Silverstein July 18, 2003 4,000 $86.80 - ------------------------------------------------------------------------------ Daniel W. Stanton July 18, 2003 10,000 $86.80 - ------------------------------------------------------------------------------ Melalula Limited July 18, 2003 4,629 $86.80 - ------------------------------------------------------------------------------ Barry S. Volpert July 18, 2003 25,000 $86.80 - ------------------------------------------------------------------------------ Mark A. Zurack July 18, 2003 2,143 $86.80 - ------------------------------------------------------------------------------ Frank A. Bednarz July 21, 2003 1,000 $86.36 - ------------------------------------------------------------------------------ Carlos A. Cordeiro July 21, 2003 28,000 $86.36 - ------------------------------------------------------------------------------ James A. Coufos July 21, 2003 2,000 $86.36 - ------------------------------------------------------------------------------ David B. Heller July 21, 2003 6,000 $86.36 - ------------------------------------------------------------------------------ Mary C. Henry July 21, 2003 6,000 $86.36 - ------------------------------------------------------------------------------ Guapulo Holdings Ltd July 21, 2003 4,762 $86.36 - ------------------------------------------------------------------------------ Robert J. Katz July 21, 2003 15,000 $86.36 - ------------------------------------------------------------------------------ Jonathan M. Lopatin July 21, 2003 3,000 $86.36 - ------------------------------------------------------------------------------ Peter G.C. Mallinson July 21, 2003 20,000 $86.36 - ------------------------------------------------------------------------------
63
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - ----------------------------------------------------------------------------------- Chambolle Limited July 21, 2003 2,205 $86.36 - ----------------------------------------------------------------------------------- Joseph Sassoon July 21, 2003 7,000 $86.36 - ----------------------------------------------------------------------------------- Howard A. Silverstein July 21, 2003 4,000 $86.36 - ----------------------------------------------------------------------------------- Daniel W. Stanton July 21, 2003 20,000 $86.36 - ----------------------------------------------------------------------------------- Melalula Limited July 21, 2003 4,629 $86.36 - ----------------------------------------------------------------------------------- Gary W. Williams July 21, 2003 10,000 $86.36 - ----------------------------------------------------------------------------------- James A. Coufos July 22, 2003 1,000 $85.97 - ----------------------------------------------------------------------------------- Philip M. Darivoff July 22, 2003 15,000 $85.97 - ----------------------------------------------------------------------------------- Mary C. Henry July 22, 2003 6,000 $85.97 - ----------------------------------------------------------------------------------- Guapulo Holdings Ltd July 22, 2003 4,762 $85.97 - ----------------------------------------------------------------------------------- Robert J. Katz July 22, 2003 15,000 $85.97 - ----------------------------------------------------------------------------------- Jonathan M. Lopatin July 22, 2003 3,000 $85.97 - ----------------------------------------------------------------------------------- R. Scott Morris July 22, 2003 1,000 $85.97 - ----------------------------------------------------------------------------------- Chambolle Limited July 22, 2003 2,205 $85.97 - ----------------------------------------------------------------------------------- Joseph Sassoon July 22, 2003 6,000 $85.97 - ----------------------------------------------------------------------------------- Howard A. Silverstein July 22, 2003 3,000 $85.97 - ----------------------------------------------------------------------------------- Daniel W. Stanton July 22, 2003 20,000 $85.97 - ----------------------------------------------------------------------------------- Melalula Limited July 22, 2003 4,629 $85.97 - ----------------------------------------------------------------------------------- Thomas B. Walker III July 22, 2003 20,000 $85.97 - ----------------------------------------------------------------------------------- Mark Carroll July 23, 2003 3,856 $85.82 - ----------------------------------------------------------------------------------- E. Gerald Corrigan July 23, 2003 5,000 $85.82 - ----------------------------------------------------------------------------------- James A. Coufos July 23, 2003 4,000 $85.82 - ----------------------------------------------------------------------------------- Paul S. Efron July 23, 2003 4,500 $85.82 - ----------------------------------------------------------------------------------- Mary C. Henry July 23, 2003 6,000 $85.82 - ----------------------------------------------------------------------------------- Guapulo Holdings Ltd July 23, 2003 4,762 $85.82 - ----------------------------------------------------------------------------------- Robert J. Katz July 23, 2003 15,000 $85.82 - ----------------------------------------------------------------------------------- Mijen Family Partnership July 23, 2003 2,000 $85.82 - ----------------------------------------------------------------------------------- Jonathan M. Lopatin July 23, 2003 2,600 $85.82 - ----------------------------------------------------------------------------------- Michael R. Lynch July 23, 2003 20,000 $85.82 - ----------------------------------------------------------------------------------- Peter G.C. Mallinson July 23, 2003 20,000 $85.82 - ----------------------------------------------------------------------------------- Eff W. Martin July 23, 2003 10,000 $85.82 - ----------------------------------------------------------------------------------- Sanjeev K. Mehra July 23, 2003 10,000 $85.82 - ----------------------------------------------------------------------------------- Donald C. Opatrny Jr. July 23, 2003 10,000 $85.82 - ----------------------------------------------------------------------------------- Chambolle Limited July 23, 2003 2,205 $85.82 - ----------------------------------------------------------------------------------- Joseph Sassoon July 23, 2003 4,000 $85.82 - ----------------------------------------------------------------------------------- Howard A. Silverstein July 23, 2003 3,000 $85.82 - ----------------------------------------------------------------------------------- Cody J Smith July 23, 2003 40,000 $85.82 - ----------------------------------------------------------------------------------- Marc A. Spilker July 23, 2003 25,806 $85.82 - ----------------------------------------- ----------------------------------------- Daniel W. Stanton July 23, 2003 10,000 $85.82 - ----------------------------------------------------------------------------------- Melalula Limited July 23, 2003 4,629 $85.82 - ----------------------------------------------------------------------------------- The Gary W Williams 2001 Trust July 23, 2003 9,842 $85.82 - ----------------------------------------------------------------------------------- James A. Coufos July 24, 2003 2,000 $86.39 - ----------------------------------------------------------------------------------- Jeffrey B. Goldenberg July 24, 2003 3,000 $86.39 - ----------------------------------------------------------------------------------- David B. Heller July 24, 2003 10,000 $86.39 - ----------------------------------------------------------------------------------- Mary C. Henry July 24, 2003 11,854 $86.39 - ----------------------------------------------------------------------------------- Guapulo Holdings Ltd July 24, 2003 4,762 $86.39 - ----------------------------------------------------------------------------------- Robert J. Katz July 24, 2003 15,000 $86.39 - ----------------------------------------------------------------------------------- Mijen Family Partnership July 24, 2003 1,000 $86.39 - ----------------------------------------------------------------------------------- Jonathan M. Lopatin July 24, 2003 2,600 $86.39 - ----------------------------------------------------------------------------------- Donald C. Opatrny Jr. July 24, 2003 15,000 $86.39 - ----------------------------------------------------------------------------------- Chambolle Limited July 24, 2003 2,205 $86.39 - ----------------------------------------------------------------------------------- Joseph Sassoon July 24, 2003 3,000 $86.39 - ----------------------------------------------------------------------------------- Howard A. Silverstein July 24, 2003 4,000 $86.39 - -----------------------------------------------------------------------------------
64
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - ----------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------- Daniel W. Stanton July 24, 2003 16,000 $86.39 - ----------------------------------------------------------------------------------- Melalula Limited July 24, 2003 4,629 $86.39 - ----------------------------------------------------------------------------------- John E. Urban July 24, 2003 3,000 $86.39 - ----------------------------------------------------------------------------------- Thomas B. Walker III July 24, 2003 30,000 $86.39 - ----------------------------------------------------------------------------------- Barry L. Zubrow July 24, 2003 50,000 $86.39 - ----------------------------------------------------------------------------------- Armen A. Avanessians July 25, 2003 100,000 $85.69 - ----------------------------------------------------------------------------------- Anahue Limited July 25, 2003 40,000 $85.69 - ----------------------------------------------------------------------------------- Gordon E. Dyal July 25, 2003 26,000 $85.69 - ----------------------------------------------------------------------------------- Edward C. Forst July 25, 2003 5,000 $85.69 - ----------------------------------------------------------------------------------- David B. Heller July 25, 2003 6,000 $85.69 - ----------------------------------------------------------------------------------- Jacquelyn M. Hoffman-Zehner July 25, 2003 6,334 $85.69 - ----------------------------------------------------------------------------------- Barry A. Kaplan July 25, 2003 27,154 $85.69 - ----------------------------------------------------------------------------------- Guapulo Holdings Ltd July 25, 2003 4,762 $85.69 - ----------------------------------------------------------------------------------- Robert J. Katz July 25, 2003 15,000 $85.69 - ----------------------------------------------------------------------------------- Mijen Family Partnership July 25, 2003 2,000 $85.69 - ----------------------------------------------------------------------------------- Jonathan M. Lopatin July 25, 2003 2,613 $85.69 - ----------------------------------------------------------------------------------- Michael R. Lynch July 25, 2003 15,000 $85.69 - ----------------------------------------------------------------------------------- Eff W. Martin July 25, 2003 20,000 $85.69 - ----------------------------------------------------------------------------------- Sanjeev K. Mehra July 25, 2003 5,000 $85.69 - ----------------------------------------------------------------------------------- R. Scott Morris July 25, 2003 5,000 $85.69 - ----------------------------------------------------------------------------------- Donald C. Opatrny Jr. July 25, 2003 15,000 $85.69 - ----------------------------------------------------------------------------------- Chambolle Limited July 25, 2003 2,271 $85.69 - ----------------------------------------------------------------------------------- Joseph Sassoon July 25, 2003 5,000 $85.69 - ----------------------------------------------------------------------------------- Howard A. Silverstein July 25, 2003 3,000 $85.69 - ----------------------------------------------------------------------------------- Melalula Limited July 25, 2003 4,622 $85.69 - ----------------------------------------------------------------------------------- John E. Urban July 25, 2003 2,000 $85.69 - ----------------------------------------------------------------------------------- Thomas B. Walker III July 25, 2003 50,000 $85.69 - ----------------------------------------------------------------------------------- Gary W. Williams July 25, 2003 11,678 $85.69 - ----------------------------------------------------------------------------------- Gregory H. Zehner July 25, 2003 16,672 $85.69 - ----------------------------------------------------------------------------------- Other Sales - ----------------------------------------------------------------------------------- Gregory A. Agran July 14, 2003 7,438 $89.80 - ----------------------------------------------------------------------------------- Andrew M. Alper July 14, 2003 5,000 $90.05 - ----------------------------------------------------------------------------------- Jesus A. Arias July 14, 2003 700 $89.80 - ----------------------------------------------------------------------------------- John J. Bu July 14, 2003 6,000 $89.80 - ----------------------------------------------------------------------------------- Brahm S. Cramer July 14, 2003 8,946 $89.80 - ----------------------------------------------------------------------------------- Bradley S. DeFoor July 14, 2003 515 $89.80 - ----------------------------------------------------------------------------------- John O. Downing July 14, 2003 10,000 $90.00 - ----------------------------------------------------------------------------------- John O. Downing July 14, 2003 10,000 $90.11 - ----------------------------------------------------------------------------------- Connie K. Duckworth July 14, 2003 44,900 $90.06 - ----------------------------------------------------------------------------------- Jacob D. Goldfield July 14, 2003 10,000 $89.56 - ----------------------------------------------------------------------------------- Douglas C. Grip July 14, 2003 5,000 $89.80 - ----------------------------------------------------------------------------------- Robert S. Harrison July 14, 2003 23,075 $90.00 - ----------------------------------------------------------------------------------- Bruce A. Heyman July 14, 2003 18,959 $89.80 - ----------------------------------------------------------------------------------- Victor M. Lopez-Balboa July 14, 2003 3,759 $89.80 - ----------------------------------------------------------------------------------- Eric D. Mullins July 14, 2003 4,632 $89.80 - ----------------------------------------------------------------------------------- Arthur J. Reimers III July 14, 2003 5,000 $90.09 - ----------------------------------------------------------------------------------- Roy J. Salameh July 14, 2003 1,000 $89.80 - ----------------------------------------------------------------------------------- Mark Schwartz July 14, 2003 15,000 $89.50 - ----------------------------------------------------------------------------------- Nobumichi Sugiyama July 14, 2003 1,711 $89.80 - ----------------------------------------------------------------------------------- Thomas B. Walker III July 14, 2003 10,000 $90.00 - ----------------------------------------------------------------------------------- Richard E. Witten July 14, 2003 5,000 $90.17 - -----------------------------------------------------------------------------------
65
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - ----------------------------------------------------------------------------------------- Peter C. Aberg July 15, 2003 3,000 $89.17 - ----------------------------------------------------------------------------------------- Alberto F. Ades July 15, 2003 4,389 $89.17 - ----------------------------------------------------------------------------------------- Stacy Bash-Polley July 15, 2003 375 $89.17 - ----------------------------------------------------------------------------------------- Janet L. Bell July 15, 2003 2,594 $89.17 - ----------------------------------------------------------------------------------------- Elizabeth V. Camp July 15, 2003 1,949 $89.17 - ----------------------------------------------------------------------------------------- Richard M. Campbell-Breeden July 15, 2003 6,025 $89.17 - ----------------------------------------------------------------------------------------- Mark M. Carhart July 15, 2003 1,146 $89.17 - ----------------------------------------------------------------------------------------- Mariafrancesca Carli July 15, 2003 10,254 $89.17 - ----------------------------------------------------------------------------------------- Kuo-Chun Chang July 15, 2003 3,763 $89.17 - ----------------------------------------------------------------------------------------- W. Reed Chisholm II July 15, 2003 1,000 $89.17 - ----------------------------------------------------------------------------------------- James B. Clark July 15, 2003 5,631 $89.17 - ----------------------------------------------------------------------------------------- Catherine M. Claydon July 15, 2003 1,838 $89.17 - ----------------------------------------------------------------------------------------- Eduardo A. Cruz July 15, 2003 1,695 $89.17 - ----------------------------------------------------------------------------------------- John S. Daly July 15, 2003 545 $89.17 - ----------------------------------------------------------------------------------------- Diego De Giorgi July 15, 2003 500 $89.17 - ----------------------------------------------------------------------------------------- Roger E. Denby-Jones July 15, 2003 1,500 $89.17 - ----------------------------------------------------------------------------------------- John E. Eisenberg July 15, 2003 400 $89.17 - ----------------------------------------------------------------------------------------- Steven M. Feldman July 15, 2003 2,000 $89.17 - ----------------------------------------------------------------------------------------- Jacob Y. Friedman July 15, 2003 600 $89.17 - ----------------------------------------------------------------------------------------- Richard A. Genna July 15, 2003 2,748 $89.17 - ----------------------------------------------------------------------------------------- Gary T. Giglio July 15, 2003 634 $89.17 - ----------------------------------------------------------------------------------------- David J. Greenwald July 15, 2003 1,000 $89.17 - ----------------------------------------------------------------------------------------- David J. Grounsell July 15, 2003 177 $89.17 - ----------------------------------------------------------------------------------------- Jana Hale Doty July 15, 2003 2,434 $89.17 - ----------------------------------------------------------------------------------------- A. John Hass July 15, 2003 3,903 $89.17 - ----------------------------------------------------------------------------------------- Philip Holzer July 15, 2003 5,734 $89.80 - ----------------------------------------------------------------------------------------- Gregory T. Hoogkamp July 15, 2003 1,000 $89.17 - ----------------------------------------------------------------------------------------- Walter V. Hutcherson July 15, 2003 2,035 $89.17 - ----------------------------------------------------------------------------------------- Dan H. Jester July 15, 2003 10,045 $89.17 - ----------------------------------------------------------------------------------------- Jason S. Kaplan July 15, 2003 4,452 $89.17 - ----------------------------------------------------------------------------------------- Atul Kapur July 15, 2003 6,500 $89.17 - ----------------------------------------------------------------------------------------- Gioia M. Kennett July 15, 2003 603 $89.17 - ----------------------------------------------------------------------------------------- Timothy M. Kingston July 15, 2003 2,500 $89.17 - ----------------------------------------------------------------------------------------- Jeffrey A. Kolitch July 15, 2003 600 $89.17 - ----------------------------------------------------------------------------------------- David J. Kostin July 15, 2003 6,758 $89.17 - ----------------------------------------------------------------------------------------- Srihari Kumar July 15, 2003 412 $89.17 - ----------------------------------------------------------------------------------------- Bruce M. Larson July 15, 2003 2,000 $89.17 - ----------------------------------------------------------------------------------------- Richard J. Lieb July 15, 2003 3,000 $89.17 - ----------------------------------------------------------------------------------------- Richard E. Lyon III July 15, 2003 3,865 $89.17 - ----------------------------------------------------------------------------------------- Barry A. Mannis July 15, 2003 1,949 $89.17 - ----------------------------------------------------------------------------------------- Audrey A. McNiff July 15, 2003 2,000 $89.17 - ----------------------------------------------------------------------------------------- Michael A. Mendelson July 15, 2003 684 $89.17 - ----------------------------------------------------------------------------------------- Ian Mukherjee July 15, 2003 1,500 $89.17 - ----------------------------------------------------------------------------------------- Patrick E. Mulvihill July 15, 2003 5,961 $89.17 - ----------------------------------------------------------------------------------------- Gaetano J. Muzio July 15, 2003 2,541 $89.17 - ----------------------------------------------------------------------------------------- Jay S. Nydick July 15, 2003 3,629 $89.17 - ----------------------------------------------------------------------------------------- Daniel B. O'Rourke July 15, 2003 1,383 $89.17 - ----------------------------------------------------------------------------------------- David B. Philip July 15, 2003 2,114 $89.17 - ----------------------------------------------------------------------------------------- Steven M. Pinkos July 15, 2003 1,238 $89.17 - ----------------------------------------------------------------------------------------- Steven D. Pruett July 15, 2003 3,000 $89.17 - ----------------------------------------------------------------------------------------- J. Michael Sanders July 15, 2003 1,470 $89.17 - ----------------------------------------------------------------------------------------- Daniel Schmitz July 15, 2003 1,000 $89.17 - ----------------------------------------------------------------------------------------- Ralph J. Silva July 15, 2003 400 $89.17 - -----------------------------------------------------------------------------------------
66
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - ----------------------------------------------------------------------------------------- Mark F. Slaughter July 15, 2003 5,104 $89.17 - ----------------------------------------------------------------------------------------- Trevor A. Smith July 15, 2003 200 $89.17 - ----------------------------------------------------------------------------------------- Joseph P. Stevens July 15, 2003 3,590 $89.17 - ----------------------------------------------------------------------------------------- Richard J. Stingi July 15, 2003 1,139 $89.17 - ----------------------------------------------------------------------------------------- Johannes R. Sulzberger July 15, 2003 698 $89.17 - ----------------------------------------------------------------------------------------- Richard J. Sussman July 15, 2003 2,565 $89.17 - ----------------------------------------------------------------------------------------- Peter K. Tomozawa July 15, 2003 1,275 $89.17 - ----------------------------------------------------------------------------------------- John J. Vaske July 15, 2003 1,000 $89.17 - ----------------------------------------------------------------------------------------- David R. Walton July 15, 2003 1,200 $89.17 - ----------------------------------------------------------------------------------------- Hsueh-Ming Wang July 15, 2003 3,000 $89.17 - ----------------------------------------------------------------------------------------- Scott R. Weinstein July 15, 2003 300 $89.17 - ----------------------------------------------------------------------------------------- Christopher S. Wendel July 15, 2003 973 $89.17 - ----------------------------------------------------------------------------------------- John W. Ziegler July 15, 2003 3,875 $89.17 - ----------------------------------------------------------------------------------------- James P. Ziperski July 15, 2003 2,955 $89.80 - ----------------------------------------------------------------------------------------- Francois Andriot July 16, 2003 2,515 $87.58 - ----------------------------------------------------------------------------------------- J. Theodore Borter July 16, 2003 225 $87.58 - ----------------------------------------------------------------------------------------- Anthony H. Carpet July 16, 2003 10,000 $87.58 - ----------------------------------------------------------------------------------------- Virginia E. Carter July 16, 2003 1,196 $87.58 - ----------------------------------------------------------------------------------------- Robert G. Doumar Jr. July 16, 2003 7,816 $87.58 - ----------------------------------------------------------------------------------------- Thomas M. Dowling July 16, 2003 1,135 $87.58 - ----------------------------------------------------------------------------------------- Thomas J. Houle July 16, 2003 7,598 $87.58 - ----------------------------------------------------------------------------------------- Bonnie S. Litt July 16, 2003 130 $87.58 - ----------------------------------------------------------------------------------------- Antigone Loudiadis July 16, 2003 11,259 $87.58 - ----------------------------------------------------------------------------------------- Gerald C. McNamara Jr July 16, 2003 500 $87.58 - ----------------------------------------------------------------------------------------- Yukihiro Moroe July 16, 2003 2,000 $87.58 - ----------------------------------------------------------------------------------------- Sara E. Recktenwald July 16, 2003 1,323 $87.58 - ----------------------------------------------------------------------------------------- Ravi Sinha July 16, 2003 3,888 $87.58 - ----------------------------------------------------------------------------------------- Scott B. Ullem July 16, 2003 750 $87.58 - ----------------------------------------------------------------------------------------- Martin M. Werner July 16, 2003 2,730 $87.58 - ----------------------------------------------------------------------------------------- Keith R. Wills July 16, 2003 416 $87.58 - ----------------------------------------------------------------------------------------- John D. Campbell July 17, 2003 1,000 $86.31 - ----------------------------------------------------------------------------------------- Simon Dingemans July 17, 2003 11,787 $86.31 - ----------------------------------------------------------------------------------------- Ronald S. Levin July 17, 2003 2,023 $86.31 - ----------------------------------------------------------------------------------------- Todd G. Owens July 17, 2003 1,225 $86.31 - ----------------------------------------------------------------------------------------- Jon A. Woodruff July 17, 2003 1,365 $86.31 - ----------------------------------------------------------------------------------------- Dorothee Blessing July 18, 2003 2,289 $86.80 - ----------------------------------------------------------------------------------------- Lawrence R. Buchalter July 18, 2003 15,000 $80.00 - ----------------------------------------------------------------------------------------- Lawrence R. Buchalter July 18, 2003 10,000 $85.00 - ----------------------------------------------------------------------------------------- Zachariah Cobrinik July 18, 2003 30,000 $75.00 - ----------------------------------------------------------------------------------------- Zachariah Cobrinik July 18, 2003 20,000 $80.00 - ----------------------------------------------------------------------------------------- Matthew T. Fremont-Smith July 18, 2003 3,000 $86.80 - ----------------------------------------------------------------------------------------- Jacob D. Goldfield July 18, 2003 190,000 $70.00 - ----------------------------------------------------------------------------------------- Jacob D. Goldfield July 18, 2003 30,000 $75.00 - ----------------------------------------------------------------------------------------- Jacob D. Goldfield July 18, 2003 40,000 $80.00 - ----------------------------------------------------------------------------------------- Amy O. Goodfriend July 18, 2003 5,000 $75.00 - ----------------------------------------------------------------------------------------- Amy O. Goodfriend July 18, 2003 10,000 $80.00 - ----------------------------------------------------------------------------------------- Robert J. Hurst July 18, 2003 20,000 $80.00 - ----------------------------------------------------------------------------------------- David K. Kaugher July 18, 2003 700 $86.80 - ----------------------------------------------------------------------------------------- Peter D. Kiernan III July 18, 2003 60,000 $65.00 - ----------------------------------------------------------------------------------------- Robert B. Morris III July 18, 2003 35,000 $80.00 - ----------------------------------------------------------------------------------------- Alok Oberoi July 18, 2003 10,000 $80.00 - ----------------------------------------------------------------------------------------- Alok Oberoi July 18, 2003 25,000 $85.00 - ----------------------------------------------------------------------------------------- Leslie C. Sillcox July 18, 2003 150,000 $85.00 - -----------------------------------------------------------------------------------------
67
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - ----------------------------------------------------------------------------------------- Fredric E. Steck July 18, 2003 2,000 $86.43 - ----------------------------------------------------------------------------------------- Fredric E. Steck July 18, 2003 1,000 $87.28 - ----------------------------------------------------------------------------------------- Howard B. Surloff July 18, 2003 150 $86.80 - ----------------------------------------------------------------------------------------- Greg W. Tebbe July 18, 2003 2,018 $86.80 - ----------------------------------------------------------------------------------------- John L. Townsend III July 18, 2003 50,000 $80.00 - ----------------------------------------------------------------------------------------- Richard E. Witten July 18, 2003 5,000 $75.00 - ----------------------------------------------------------------------------------------- Lik Shuen David Chan July 21, 2003 5,122 $89.17 - ----------------------------------------------------------------------------------------- Philip A. Cooper July 21, 2003 3,000 $86.36 - ----------------------------------------------------------------------------------------- Neil D. Crowder July 21, 2003 3,000 $86.36 - ----------------------------------------------------------------------------------------- Matthias K. Frisch July 21, 2003 500 $86.36 - ----------------------------------------------------------------------------------------- Janet T. Hurley July 21, 2003 967 $86.36 - ----------------------------------------------------------------------------------------- Jean E. Manas July 21, 2003 770 $86.36 - ----------------------------------------------------------------------------------------- Kathy M. Matsui July 21, 2003 6,548 $89.17 - ----------------------------------------------------------------------------------------- Edward S. Misrahi July 21, 2003 3,000 $86.36 - ----------------------------------------------------------------------------------------- Richard T. Ong July 21, 2003 18,400 $87.58 - ----------------------------------------------------------------------------------------- David H. Tenney July 21, 2003 2,057 $86.36 - ----------------------------------------------------------------------------------------- Ben I. Adler July 22, 2003 459 $85.97 - ----------------------------------------------------------------------------------------- Mark C. Fletcher July 22, 2003 500 $85.97 - ----------------------------------------------------------------------------------------- Blake W. Mather July 22, 2003 3,294 $85.97 - ----------------------------------------------------------------------------------------- John J. McCabe July 22, 2003 500 $85.97 - ----------------------------------------------------------------------------------------- Jean Raby July 22, 2003 1,500 $86.31 - ----------------------------------------------------------------------------------------- Steven H. Strongin July 22, 2003 590 $86.36 - ----------------------------------------------------------------------------------------- John Tumilty July 22, 2003 3,424 $85.97 - ----------------------------------------------------------------------------------------- Gerald J. Cardinale July 23, 2003 1,083 $89.80 - ----------------------------------------------------------------------------------------- Timothy J. Cole July 23, 2003 3,174 $85.82 - ----------------------------------------------------------------------------------------- Edith W. Cooper July 23, 2003 5,000 $85.82 - ----------------------------------------------------------------------------------------- Christopher H. Eoyang July 23, 2003 1,050 $85.82 - ----------------------------------------------------------------------------------------- Jeffrey F. Fastov July 23, 2003 500 $85.82 - ----------------------------------------------------------------------------------------- Daniel M. FitzPatrick July 23, 2003 390 $85.82 - ----------------------------------------------------------------------------------------- David N. Fleischer July 23, 2003 4,881 $86.31 - ----------------------------------------------------------------------------------------- James A. Hudis July 23, 2003 3,500 $89.17 - ----------------------------------------------------------------------------------------- Margaret H. Isdale July 23, 2003 215 $85.82 - ----------------------------------------------------------------------------------------- Michael K. Klingher July 23, 2003 4,720 $89.80 - ----------------------------------------------------------------------------------------- Thomas K. Lane July 23, 2003 3,343 $85.82 - ----------------------------------------------------------------------------------------- Thomas B. Lewis Jr. July 23, 2003 1,000 $85.82 - ----------------------------------------------------------------------------------------- Sean O. Mahoney July 23, 2003 9,454 $85.82 - ----------------------------------------------------------------------------------------- Russell E. Makowsky July 23, 2003 1,500 $85.82 - ----------------------------------------------------------------------------------------- Richard A. Murley July 23, 2003 1,500 $85.82 - ----------------------------------------------------------------------------------------- Massimo Pappone July 23, 2003 1,250 $85.82 - ----------------------------------------------------------------------------------------- Andrea Ponti July 23, 2003 3,721 $85.82 - ----------------------------------------------------------------------------------------- Ellen R. Porges July 23, 2003 275 $85.82 - ----------------------------------------------------------------------------------------- Sandy C. Rattray July 23, 2003 1,510 $85.82 - ----------------------------------------------------------------------------------------- Daisuke Toki July 23, 2003 2,000 $85.82 - ----------------------------------------------------------------------------------------- Stuart N. Bernstein July 24, 2003 1,000 $85.82 - ----------------------------------------------------------------------------------------- John D. Bertuzzi July 24, 2003 4,000 $86.36 - ----------------------------------------------------------------------------------------- Peter D. Brundage July 24, 2003 1,000 $86.39 - ----------------------------------------------------------------------------------------- John W. Curtis July 24, 2003 3,000 $85.97 - ----------------------------------------------------------------------------------------- Martin R. Devenish July 24, 2003 2,000 $86.39 - ----------------------------------------------------------------------------------------- Charles P. Eve July 24, 2003 6,246 $86.39 - ----------------------------------------------------------------------------------------- Michael J. Grimaldi July 24, 2003 255 $86.39 - ----------------------------------------------------------------------------------------- Hughes B. Lepic July 24, 2003 23,111 $89.80 - ----------------------------------------------------------------------------------------- Stephen C. Lichtenauer July 24, 2003 2,000 $89.17 - ----------------------------------------------------------------------------------------- Robert S. Mancini July 24, 2003 1,000 $86.39 - -----------------------------------------------------------------------------------------
68
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - ------------------------------------------------------------------------------------------- Simon I. Mansfield July 24, 2003 3,769 $86.39 - ------------------------------------------------------------------------------------------- Robert J. Markwick July 24, 2003 4,044 $86.39 - ------------------------------------------------------------------------------------------- John J. Masterson July 24, 2003 2,814 $86.39 - ------------------------------------------------------------------------------------------- David J. Rogers July 24, 2003 8,000 $86.90 - ------------------------------------------------------------------------------------------- Paul S. Schapira July 24, 2003 200 $86.39 - ------------------------------------------------------------------------------------------- Daniel M. Shefter July 24, 2003 2,350 $89.80 - ------------------------------------------------------------------------------------------- Raymond S. Stolz July 24, 2003 2,695 $86.39 - ------------------------------------------------------------------------------------------- William H. Wolf Jr. July 24, 2003 1,450 $89.17 - ------------------------------------------------------------------------------------------- Randall A. Blumenthal July 25, 2003 7,192 $89.80 - ------------------------------------------------------------------------------------------- Craig W. Broderick July 25, 2003 2,000 $85.69 - ------------------------------------------------------------------------------------------- Brian J. Duffy July 25, 2003 3,962 $85.69 - ------------------------------------------------------------------------------------------- Gordon E. Dyal July 25, 2003 9,235 $85.69 - ------------------------------------------------------------------------------------------- Kathy G. Elsesser July 25, 2003 9,034 $85.82 - ------------------------------------------------------------------------------------------- Earl S. Enzer July 25, 2003 1,200 $89.17 - ------------------------------------------------------------------------------------------- Timothy G. Freshwater July 25, 2003 5,000 $85.69 - ------------------------------------------------------------------------------------------- Sebastian Grigg July 25, 2003 4,479 $85.69 - ------------------------------------------------------------------------------------------- Teresa E. Holliday July 25, 2003 1,196 $89.80 - ------------------------------------------------------------------------------------------- Robert G. Hottensen Jr. July 25, 2003 900 $89.80 - ------------------------------------------------------------------------------------------- Terry P. Hughes July 25, 2003 303 $85.69 - ------------------------------------------------------------------------------------------- John S. Iglehart July 25, 2003 2,139 $85.69 - ------------------------------------------------------------------------------------------- John L. Kelly July 25, 2003 4,300 $89.17 - ------------------------------------------------------------------------------------------- Rustom N. Khandalavala July 25, 2003 1,547 $85.69 - ------------------------------------------------------------------------------------------- Eiichiro Kuwana July 25, 2003 3,553 $85.97 - ------------------------------------------------------------------------------------------- Susan R. Leadem July 25, 2003 2,625 $85.69 - ------------------------------------------------------------------------------------------- Brian J. Lee July 25, 2003 200 $85.69 - ------------------------------------------------------------------------------------------- Charles G.R. Manby July 25, 2003 6,798 $85.69 - ------------------------------------------------------------------------------------------- Richard P. McNeil July 25, 2003 7,019 $85.69 - ------------------------------------------------------------------------------------------- James E. Milligan July 25, 2003 16,000 $89.80 - ------------------------------------------------------------------------------------------- Jeffrey M. Moslow July 25, 2003 2,500 $85.69 - ------------------------------------------------------------------------------------------- Claire M. Ngo July 25, 2003 1,000 $85.69 - ------------------------------------------------------------------------------------------- Douglas S. Patterson July 25, 2003 607 $85.69 - ------------------------------------------------------------------------------------------- Anthony J. Principato July 25, 2003 300 $85.69 - ------------------------------------------------------------------------------------------- Richard J. Rosenstein July 25, 2003 3,566 $86.36 - ------------------------------------------------------------------------------------------- Paul M. Russo July 25, 2003 2,236 $85.69 - ------------------------------------------------------------------------------------------- Kenneth W. Willman July 25, 2003 400 $85.69 - ------------------------------------------------------------------------------------------- Jaime E. Yordan July 25, 2003 10,000 $86.00 - ------------------------------------------------------------------------------------------- Fredric E. Steck July 29, 2003 25,500 $86.60 - ------------------------------------------------------------------------------------------- Jaime E. Yordan July 31, 2003 10,000 $88.00 - ------------------------------------------------------------------------------------------- J. David Rogers July 31, 2003 8,000 $87.95 - ------------------------------------------------------------------------------------------- Fredric E. Steck August 7, 2003 3,000 $84.55 - ------------------------------------------------------------------------------------------- Danny O. Yee August 8, 2003 10,000 $85.21 - ------------------------------------------------------------------------------------------- Alok Oberoi August 15, 2003 10,000 $80.00 - ------------------------------------------------------------------------------------------- Alok Oberoi August 15, 2003 20,000 $85.00 - ------------------------------------------------------------------------------------------- Zachariah Cobrinik August 15, 2003 25,000 $85.00 - ------------------------------------------------------------------------------------------- Robert J. Hurst August 15, 2003 20,000 $85.00 - ------------------------------------------------------------------------------------------- Danny O. Yee August 20, 2003 3,840 $87.90 - ------------------------------------------------------------------------------------------- Lawrence R. Buchalter August 22, 2003 10,000 $89.00 - ------------------------------------------------------------------------------------------- Fredric E. Steck August 27, 2003 2,000 $86.00 - ------------------------------------------------------------------------------------------- Russell E. Makowsky August 28, 2003 10,173 $86.09 - ------------------------------------------------------------------------------------------- Edward A. Mule August 29, 2003 10,000 $88.09 - ------------------------------------------------------------------------------------------- Fredric E. Steck August 29, 2003 1,000 $88.00 - ------------------------------------------------------------------------------------------- Robert B. Morris III September 2, 2003 25,000 $90.22 - ------------------------------------------------------------------------------------------- Robert H. Litzenberger September 2, 2003 5,000 $89.70 - -------------------------------------------------------------------------------------------
69
COVERED PERSON TRADE DATE NUMBER OF SHARES PRICE PER SHARE - --------------------------------------------------------------------------------------------- Jaime E. Yordan September 2, 2003 10,000 $90.00 - --------------------------------------------------------------------------------------------- Arthur J. Reimers III September 2, 2003 60,000 $89.83 - --------------------------------------------------------------------------------------------- Fredric E. Steck September 2, 2003 1,000 $90.00 - --------------------------------------------------------------------------------------------- Richard E. Witten September 2, 2003 5,000 $89.78 - --------------------------------------------------------------------------------------------- Andrew M. Alper September 3, 2003 5,000 $91.01 - --------------------------------------------------------------------------------------------- Robert B. Morris III September 3, 2003 20,000 $90.97 - --------------------------------------------------------------------------------------------- Robert H. Litzenberger September 3, 2003 5,000 $91.35 - --------------------------------------------------------------------------------------------- Zachariah Cobrinik September 3, 2003 21,000 $90.94 - --------------------------------------------------------------------------------------------- John O. Downing September 3, 2003 8,000 $91.02 - --------------------------------------------------------------------------------------------- Mark Schwartz September 3, 2003 10,000 $91.20 - --------------------------------------------------------------------------------------------- James M. Sheridan September 3, 2003 20,000 $90.79 - --------------------------------------------------------------------------------------------- Richard E. Witten September 3, 2003 5,000 $91.25 - --------------------------------------------------------------------------------------------- Eric P. Grubman September 5, 2003 10,000 $91.70 - --------------------------------------------------------------------------------------------- Robert B. Morris III September 5, 2003 15,000 $91.75 - --------------------------------------------------------------------------------------------- Jaime E. Yordan September 5, 2003 10,000 $92.00 - --------------------------------------------------------------------------------------------- Zachariah Cobrinik September 5, 2003 6,000 $91.97 - --------------------------------------------------------------------------------------------- C. Steven Duncker September 5, 2003 20,000 $92.04 - --------------------------------------------------------------------------------------------- Mark Schwartz September 5, 2003 10,000 $92.02 - --------------------------------------------------------------------------------------------- Fredric E. Steck September 5, 2003 1,000 $92.04 - --------------------------------------------------------------------------------------------- Edward A. Mule September 9, 2003 5,000 $91.48 - --------------------------------------------------------------------------------------------- Thomas B. Walker III September 9, 2003 10,000 $91.44 - --------------------------------------------------------------------------------------------- Danny O. Yee September 9, 2003 5,000 $90.85 - --------------------------------------------------------------------------------------------- Danny O. Yee September 9, 2003 5,000 $91.01 - --------------------------------------------------------------------------------------------- Fredric E. Steck September 12, 2003 5,000 $89.35 - ---------------------------------------------------------------------------------------------
On August 11, 2003, David Dechman sold 12,513 Covered Shares at a price of $84.77 per share through Mellon Investor Services LLC for cash on the New York Stock Exchange. On July 15 and 16, 2003, an Individual Covered Person transferred a total of 575 Covered Shares to certain family members' accounts. Of these, 230 shares ceased to be Covered Shares upon transfer. The Covered Persons listed below participate in the Common Stock fund of The Goldman Sachs Employees' Profit Sharing Retirement Income Plan. These Covered Persons acquired or disposed of interests in the Common Stock fund representing the number of shares of Common Stock set forth below. These shares are Uncovered Shares.
ACQUISITION OR NUMBER OF COVERED PERSON DISPOSITION TRANSACTION DATE SHARES PRICE PER SHARE - --------------------------------------------------------------------------------------------------- Thomas J. McAdam Acquisition July 15, 2003 1 $88.02 - --------------------------------------------------------------------------------------------------- Richard T. Roberts Acquisition July 15, 2003 1 $88.02 - --------------------------------------------------------------------------------------------------- Edward R. Wilkinson Acquisition July 15, 2003 1 $88.02 - --------------------------------------------------------------------------------------------------- W. Reed Chisholm II Acquisition July 25, 2003 2 $86.42 - --------------------------------------------------------------------------------------------------- Arthur J. Peponis Acquisition July 25, 2003 1 $86.42 - --------------------------------------------------------------------------------------------------- Colin E. King Acquisition July 25, 2003 2 $86.42 - --------------------------------------------------------------------------------------------------- Allen Sangines-Krause Acquisition July 25, 2003 1 $86.42 - --------------------------------------------------------------------------------------------------- Kevin D. Naughton Acquisition July 25, 2003 1 $86.42 - --------------------------------------------------------------------------------------------------- Thomas J. McAdam Acquisition July 25, 2003 1 $86.42 - --------------------------------------------------------------------------------------------------- Peter T. Johnston Acquisition July 25, 2003 2 $86.42 - --------------------------------------------------------------------------------------------------- Richard T. Roberts Acquisition July 25, 2003 1 $86.42 - --------------------------------------------------------------------------------------------------- Edward A. Hazel Acquisition July 25, 2003 3 $86.42 - --------------------------------------------------------------------------------------------------- Robert G. Hottensen Jr. Acquisition July 25, 2003 2 $86.42 - --------------------------------------------------------------------------------------------------- Anthony J. Principato Acquisition July 25, 2003 1 $86.42 - --------------------------------------------------------------------------------------------------- Douglas W. Kimmelman Acquisition July 25, 2003 2 $86.42 - --------------------------------------------------------------------------------------------------- Lisette M. Lieberman Acquisition July 25, 2003 3 $86.42 - ---------------------------------------------------------------------------------------------------
70
ACQUISITION OR NUMBER OF COVERED PERSON DISPOSITION TRANSACTION DATE SHARES PRICE PER SHARE - --------------------------------------------------------------------------------------------------- Edward R. Wilkinson Acquisition July 25, 2003 1 $86.42 - --------------------------------------------------------------------------------------------------- Thomas J. McAdam Acquisition July 31, 2003 1 $87.14 - --------------------------------------------------------------------------------------------------- Richard T. Roberts Acquisition July 31, 2003 1 $87.14 - --------------------------------------------------------------------------------------------------- Edward R. Wilkinson Acquisition July 31, 2003 1 $87.14 - --------------------------------------------------------------------------------------------------- Thomas J. McAdam Acquisition August 15, 2003 1 $87.76 - --------------------------------------------------------------------------------------------------- Richard T. Roberts Acquisition August 15, 2003 1 $87.76 - --------------------------------------------------------------------------------------------------- Edward R. Wilkinson Acquisition August 15, 2003 1 $87.76 - --------------------------------------------------------------------------------------------------- Thomas V. Conigliaro Acquisition August 15, 2003 1 $87.76 - --------------------------------------------------------------------------------------------------- Thomas V. Conigliaro Acquisition August 28, 2003 666 $86.86 - --------------------------------------------------------------------------------------------------- Thomas J. McAdam Acquisition August 29, 2003 1 $88.49 - --------------------------------------------------------------------------------------------------- Richard T. Roberts Acquisition August 29, 2003 1 $88.49 - --------------------------------------------------------------------------------------------------- Edward R. Wilkinson Acquisition August 29, 2003 1 $88.49 - --------------------------------------------------------------------------------------------------- Thomas V. Conigliaro Acquisition August 29, 2003 1 $88.49 - ---------------------------------------------------------------------------------------------------
The following cashless exercises of stock options were effected by the following Covered Persons, with the indicated number of underlying shares sold through an affiliate of Mellon Investor Services LLC for cash on the New York Stock Exchange:
NUMBER NUMBER OF DATE OF NUMBER OF STRIKE SALES OF SHARES SHARES COVERED PERSON EXERCISE OPTIONS PRICE PRICE SOLD RETAINED - ---------------------------------------------------------------------------------------------------------- Steven H. Strongin July 14, 2003 7,500 $53.00 $89.62 5,622 1,878 - ---------------------------------------------------------------------------------------------------------- David R. Hansen July 15, 2003 3,924 $53.00 $89.07 2,715 1,209 - ---------------------------------------------------------------------------------------------------------- Jeffrey A. Resnick July 15, 2003 2,000 $53.00 $89.07 2,000 0 - ---------------------------------------------------------------------------------------------------------- Dorothee Blessing July 15, 2003 11,936 0.00 $89.07 6,663 5,273 - ---------------------------------------------------------------------------------------------------------- Steven H. Strongin July 15, 2003 120 $53.00 $89.07 93 27 - ---------------------------------------------------------------------------------------------------------- John S. Daly July 15, 2003 5,000 $53.00 $89.07 5,000 0 - ---------------------------------------------------------------------------------------------------------- Jonathan A. Beinner July 15, 2003 29,961 $53.00 $89.07 29,961 0 - ---------------------------------------------------------------------------------------------------------- Sean O. Mahoney* July 15, 2003 12,605 $53.00 N/A 0 12,605 - ---------------------------------------------------------------------------------------------------------- William A. Badia July 16, 2003 674 $53.00 $87.25 674 0 - ---------------------------------------------------------------------------------------------------------- Aubrey J. Ellis Jr. July 16, 2003 4,789 $48.13 $87.25 4,789 0 - ---------------------------------------------------------------------------------------------------------- Steven H. Strongin July 17, 2003 7,620 $53.00 $86.30 5,930 1,690 - ---------------------------------------------------------------------------------------------------------- Hideki Ishibashi July 17, 2003 1,008 $53.00 $86.30 769 239 - ---------------------------------------------------------------------------------------------------------- Steven H. Strongin July 21, 2003 2,400 $53.00 $86.07 1,878 522 - ---------------------------------------------------------------------------------------------------------- Matthias K. Frisch July 21, 2003 1,000 $53.00 $86.07 1,000 0 - ---------------------------------------------------------------------------------------------------------- Gregory G. Randolph July 22, 2003 350 $53.00 $85.95 350 0 - ---------------------------------------------------------------------------------------------------------- Steven H. Strongin July 22, 2003 2,000 $53.00 $85.95 2,000 0 - ---------------------------------------------------------------------------------------------------------- Christopher S. Wendel July 22, 2003 2,000 $53.00 $85.95 2,000 0 - ---------------------------------------------------------------------------------------------------------- Charles P. Eve July 22, 2003 42,265 $53.00 $85.95 42,265 0 - ---------------------------------------------------------------------------------------------------------- Aubrey J. Ellis Jr. July 22, 2003 5350 $48.13 $85.95 5350 0 - ---------------------------------------------------------------------------------------------------------- Steven H. Strongin July 25, 2003 2,088 $53.00 $85.69 1,619 469 - ---------------------------------------------------------------------------------------------------------- Philip Holzer July 25, 2003 9,433 $53.00 $86.67 6,548 2,885 - ---------------------------------------------------------------------------------------------------------- Michael J. Grimaldi July 25, 2003 360 $53.00 $85.69 360 0 - ---------------------------------------------------------------------------------------------------------- Susan R. Leadem July 25, 2003 3,500 $53.00 $85.69 3,500 0 - ----------------------------------------------------------------------------------------------------------
* This was a cash-for-stock exercise, not a cashless exercise. 71 On July 19, 2003, the following Covered Persons disposed of the indicated number of Covered Shares at the indicated strike price in connection with the exercise of American-style call options that were previously written by such Covered Persons:
COVERED PERSON NUMBER OF SHARES STRIKE PRICE - ------------------------------------------------------------------- Lawrence R. Buchalter 15,000 $80.00 - ------------------------------------------------------------------- Lawrence R. Buchalter 10,000 85.00 - ------------------------------------------------------------------- Lawrence R. Buchalter 10,000 90.00 - ------------------------------------------------------------------- Zachariah Cobrinik 30,000 75.00 - ------------------------------------------------------------------- Zachariah Cobrinik 3,600 80.00 - ------------------------------------------------------------------- Zachariah Cobrinik 20,000 80.00 - ------------------------------------------------------------------- Jacob D. Goldfield 190,000 70.00 - ------------------------------------------------------------------- Jacob D. Goldfield 30,000 75.00 - ------------------------------------------------------------------- Jacob D. Goldfield 40,000 80.00 - ------------------------------------------------------------------- Amy O. Goodfriend 5,000 75.00 - ------------------------------------------------------------------- Amy O. Goodfriend 10,000 80.00 - ------------------------------------------------------------------- Peter D. Kiernan III 60,000 65.00 - ------------------------------------------------------------------- Robert B. Morris III 35,000 80.00 - ------------------------------------------------------------------- Alok Oberoi 10,000 80.00 - ------------------------------------------------------------------- Alok Oberoi 25,000 85.00 - ------------------------------------------------------------------- Alok Oberoi 10,000 80.00 - ------------------------------------------------------------------- Leslie C. Sillcox 150,000 85.00 - ------------------------------------------------------------------- John L. Townsend III 50,000 80.00 - ------------------------------------------------------------------- Richard E. Witten 5,000 75.00 - -------------------------------------------------------------------
SIGNATURES 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: September 18, 2003 By: /s/ James B. McHugh ------------------------ Name: James B. McHugh Title: Attorney-in-Fact 72 EXHIBIT INDEX
Exhibit Description - ------- ----------------------------------------------------------------------------------------- A. Shareholders' Agreement, dated as of May 7, 1999 (incorporated by reference to Exhibit A to the Schedule 13D filed May 17, 1999 (File No. 005-56295) (the "Initial Schedule 13D")). B. Form of Agreement Relating to Noncompetition and Other Covenants (incorporated by reference to Exhibit 10.20 to the registration statement on Form S-1 (File No. 333-74449) filed by The Goldman Sachs Group, Inc.). C. Form of Pledge Agreement (the "IPO Pledge Agreement") (incorporated by reference to Exhibit 10.21 to the registration statement on Form S-1 (File No. 333-74449) filed by The Goldman Sachs Group, Inc.). D. Form of Amendment No. 1 to the IPO Pledge Agreement (filed as Exhibit E), dated July 10, 2000 (incorporated by reference to Exhibit F to Amendment No. 4 to the Initial Schedule 13D, filed July 11, 2000 (File No. 005-56295)). E. Registration Rights Instrument, dated as of December 10, 1999 (incorporated by reference to Exhibit G to Amendment No. 1 to the Initial Schedule 13D, filed December 17, 1999 (File No. 005-56295)). F. Supplemental Registration Rights Instrument, dated as of December 10, 1999 (incorporated by reference to Exhibit H to Amendment No. 1 to the Initial Schedule 13D, filed December 17, 1999 (File No. 005-56295)). G. Form of Counterpart to Shareholders' Agreement for former profit participating limited partners of The Goldman Sachs Group, L.P. (incorporated by reference to Exhibit I to Amendment No. 2 to the Initial Schedule 13D, filed June 21, 2000 (File No. 005-56295)). H. Form of Counterpart to Shareholders' Agreement for former retired limited partners of The Goldman Sachs Group, L.P. who are currently managing directors of The Goldman Sachs Group, Inc. (incorporated by reference to Exhibit J to Amendment No. 2 to the Initial Schedule 13D, filed June 21, 2000 (File No. 005-56295)). I. Form of Counterpart to Shareholders' Agreement for non-individual former owners of Hull and Associates, L.L.C. (incorporated by reference to Exhibit K to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). J. Form of Counterpart to Shareholders' Agreement for non-U.S. corporations (incorporated by reference to Exhibit L to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). K. Form of Counterpart to Shareholders' Agreement for non-U.S. trusts (incorporated by reference to Exhibit M to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). L. Form of Guarantee and Pledge Agreement for non-U.S. corporations (incorporated by reference to Exhibit N to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)).
73
Exhibit Description - ------- ----------------------------------------------------------------------------------------- M. Form of Pledge Agreement for shareholders of non-U.S. corporations (incorporated by reference to Exhibit O to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). N. Form of Pledge Agreement for shareholders of non-U.S. corporations (Jersey version) (incorporated by reference to Exhibit P to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)). O. Form of Counterpart to Shareholders' Agreement for Transferee Covered Persons (incorporated by reference to Exhibit Q to Amendment No. 5 to the Initial Schedule 13D, filed August 2, 2000 (File No. 005-56295)). P. Supplemental Registration Rights Instrument, dated as of June 19, 2000 (incorporated by reference to Exhibit R to Amendment No. 5 to the Initial Schedule 13D, filed August 2, 2000 (File No. 005-56295)). Q. Power of Attorney (incorporated by reference to Exhibit X to Amendment No. 14 to the Initial Schedule 13D, filed March 29, 2001 (File No. 005-56295)). R. Form of Amended and Restated Member Agreement, dated as of September 10, 2000, and amended and restated as of October 26, 2000, between GS Inc. and each SLK Covered Person (incorporated by reference to Exhibit Y to Amendment No. 10 to the Initial Schedule 13D, filed November 3, 2000 (File No. 005-56295)). S. Form of Pledge Agreement, dated as of October 31, 2000, between GS Inc. and each SLK Covered Person (incorporated by reference to Exhibit Z to Amendment No. 10 to the Initial Schedule 13D, filed November 3, 2000 (File No. 005-56295)). T. Supplemental Registration Rights Instrument, dated as of December 21, 2000 (incorporated by reference to Exhibit AA to Amendment No. 12 to the Initial Schedule 13D, filed January 23, 2001 (File No. 005-56295)). U. Form of Member Agreement, dated as of January 26, 2001, between GS Inc. and each Jacobson Covered Person (incorporated by reference to Exhibit BB to Amendment No. 14 to the Initial Schedule 13D, filed March 28, 2001 (File No. 005-56295)). V. Form of Pledge Agreement, dated as of March 19, 2001, between GS Inc. and each Jacobson Covered Person (incorporated by reference to Exhibit CC to Amendment No. 14 to the Initial Schedule 13D, filed March 28, 2001 (File No. 005-56295)). W. Form of Guarantee and Pledge Agreement for trusts (incorporated by reference to Exhibit DD to Amendment No. 19 to the Initial Schedule 13D, filed October 30, 2001 (File No. 005-56295)). X. Form of Pledge Agreement for beneficiaries of trusts (incorporated by reference to Exhibit EE to Amendment No. 19 to the Initial Schedule 13D, filed October 30, 2001 (File No. 005-56295)). Y. Form of Guarantee and Pledge Agreement for non-U.S. trusts holding Common Stock through non-U.S. corporations (incorporated by reference to Exhibit FF to Amendment No. 20 to the Initial Schedule 13D, filed December 21, 2001 (File No. 005-56295)).
74
Exhibit Description - ------- ----------------------------------------------------------------------------------------- Z. Form of Pledge Agreement for beneficiaries of non-U.S. trusts holding Common Stock through non-U.S. corporations (incorporated by reference to Exhibit GG to Amendment No. 20 to the Initial Schedule 13D, filed December 21, 2001 (File No. 005-56295)). AA. Supplemental Registration Rights Instrument, dated as of December 21, 2001 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-74006) filed by The Goldman Sachs Group, Inc.). BB. Form of Power of Attorney executed by Covered Persons participating in the Channel A Sales Program (incorporated by reference to Exhibit BB to Amendment No. 27 to the Initial Schedule 13D, filed June 20, 2002 (File No. 005-56295)). CC. Form of Member Agreement, dated as of May 16, 2002, between GS Inc. and each Walter Frank Covered Person (incorporated by reference to Exhibit CC to Amendment No. 28 to the Initial Schedule 13D, filed July 5, 2002 (File No. 005-56295)). DD. Form of Pledge Agreement, dated as of June 26, 2002, between GS Inc. and each Walter Frank Covered Person (incorporated by reference to Exhibit DD to Amendment No. 28 to the Initial Schedule 13D, filed July 5, 2002 (File No. 005-56295)). EE. Supplemental Registration Rights Instrument, dated as of December 20, 2002 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-101093) filed by The Goldman Sachs Group, Inc.). FF. Form of Written Consent Relating to Sale and Purchase of Common Stock (incorporated by reference to Exhibit FF to Amendment No. 35 to the Initial Schedule 13D, filed January 8, 2003 (File No. 005-56295)). GG. Partner Agreement, dated as of April 14, 2003, between GS Inc. and John Breyo. HH. Pledge Agreement, dated as of July 1, 2003, between GS Inc. and John Breyo.
75 EX-99.GG 3 y90040exv99wgg.txt PARTNER AGREEMENT EXHIBIT GG Partner Agreement PARTNER AGREEMENT, dated as of April 14, 2003 (this "Agreement"), between The Goldman Sachs Group, Inc., a Delaware corporation ("Acquiror") and John Breyo ("Partner"). Capitalized terms used but not defined herein shall have the meaning set forth in the Purchase Agreement (as defined below). RECITALS A. Acquiror, Partner, The Ayco Company, L.P., a Delaware limited partnership (the "Company"), and the other Seller Parties named therein have entered into a Purchase Agreement, dated as of the date hereof, a copy of which is attached hereto as Exhibit A (the Purchase Agreement, including all annexes and schedules thereto, as it may be amended from time to time, the "Purchase Agreement") and, subject to the terms and conditions contained in the Purchase Agreement, Acquiror intends to purchase from 575M Company, L.P. a Delaware limited partnership ("575M Co."), all of its direct and indirect partnership interests in the Company and 575M Co. intends to sell such interests to Acquiror. Prior to such purchase, pursuant to the terms of the Purchase Agreement, the Seller Parties intend to effect a restructuring of the Company pursuant to which 575M Co. will own, directly or indirectly, all of the outstanding general partnership interests and limited partnership interests in the Company. B. Partner (i) owns and will own, from the date hereof until immediately prior to the Restructuring Merger, 150 units of limited partnership interest in the Company ("Partnership Interest") and (ii) will own, immediately following the Restructuring Merger, 150 units of partnership interest in 575M Co. ("New Partnership Interest"). C. In connection with the Ayco Sale, the Purchase Agreement provides for a payment of cash and shares of Acquiror Common Stock ("Shares") to be made to 575M Co. at the Closing as Closing Consideration, and from time to time following the Closing, as Continuing Consideration. D. 575M Co., immediately following its receipt of cash and Shares at Closing, intends to distribute to Partner, for no consideration, Partner's respective share of such cash and Shares in accordance with the Purchase Agreement. Partner will derive substantial value from Acquiror's execution, delivery and performance of the Purchase Agreement. E. As an inducement to, and a condition of, Acquiror's willingness to enter into the Purchase Agreement, and having reviewed the Purchase Agreement and the terms of the proposed Ayco Sale, Partner is executing this Agreement for the benefit of Acquiror, the Firm (as hereinafter defined), and each Acquiror Party. - 1 - NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained in the Purchase Agreement, and intending to be legally bound hereby, Partner agrees as follows: 1. Approval of Purchase Agreement and Restructuring Merger Agreement; Voting Agreement; Termination. (a) Partner hereby (i) approves and consents to the Purchase Agreement and the Restructuring Merger Agreement attached thereto as Annex 6, the execution and delivery of each such agreement by the Company, and in each case the transactions contemplated thereby, including, without limitation, the Ayco Sale and the Restructuring Merger (collectively, the "Transactions"), all in accordance with the provisions of Sections 17-302(e) and 17-405(d) of the Delaware Revised Uniform Limited Partnership Act (the "DRULPA") and Section 11.1 of the Amended and Restated Agreement of Limited Partnership of the Company (the "Company Partnership Agreement"), (ii) agrees to vote in favor of the adoption or approval of the matters described in clause (i) of this Section 1(a) or any other action required to consummate the Transactions and (iii) agrees to vote against, and to withhold consent from, any action or proposal that could compete with or could serve to materially interfere with, delay, discourage, adversely affect or inhibit the timely consummation of the Transactions. For the avoidance of doubt, and without limiting in any respect the effect of clause (a)(i) of this Section 1, Partner hereby approves and consents to the form, terms and provisions of, and the transactions contemplated by, each of the Purchase Agreement, including all exhibits and annexes thereto, and the Restructuring Merger Agreement, including all exhibits and annexes thereto, substantially in the form attached as Annex 6 to the Purchase Agreement, in each case, with such changes as a senior executive officer of the Company may approve, and to any and all amendments, waivers and supplements to the Purchase Agreement or the Restructuring Merger Agreement, or any of such exhibits and annexes thereto as may be entered into or delivered from time to time after the date of this Agreement. To the extent necessary and as permitted by applicable law, Partner hereby also irrevocably (i) waives any notice, or requirement thereof, with respect to any meeting of the partners or other proceeding for the purpose of adopting and approving the Purchase Agreement, the Restructuring Merger Agreement, the Transactions or any related matters and (ii) acknowledges that Partner will not have, and expressly waives, any dissenters' or similar rights in connection with the Transactions. 2. Cooperation and Support; No Transfer of Partnership Interest. (a) Partner agrees to use Partner's reasonable best efforts in good faith to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or desirable, or advisable under applicable laws, so as to permit consummation of the transactions contemplated by the Purchase Agreement as promptly as practicable and otherwise to enable consummation of the Transactions. Without limitation of the foregoing, Partner will timely execute and deliver all Supplemental Agreements, if any, to which he is to be a party as provided in the Purchase Agreement and appoints each of the Chief Financial Officer and the General Counsel of the Company, as his attorney-in-fact to execute and deliver any and all such Supplemental Agreements on his behalf. (b) From and after the date hereof, and until the earlier of the effective time of the Restructuring Merger (the "Effective Time") and the termination of the Purchase Agreement in accordance with its terms, Partner shall not Transfer (as hereinafter defined), directly or indirectly, all or any portion of Partner's Partnership Interest without Acquiror's prior written consent except in connection with the Restructuring Merger and the transactions contemplated thereby, provided, however, that in the event of such Partner's death prior to the Effective Time, Partner's Partnership Interest may be transferred in accordance with the Company Partnership Agreement, as in effect on the date hereof, subject to such successor assuming and agreeing to perform all of such Partner's obligations under this Agreement except Partner's obligation to remain employed with the Firm or to perform consulting services for the Firm. (c) From and after the Effective Time, and until the earlier of the Final Cash Date and the termination of the Purchase Agreement in accordance with its terms, Partner shall not Transfer, directly or indirectly, all or any portion of Partner's New Partnership Interest without Acquiror's prior written consent, provided, however, that in the event of such Partner's death prior to the Final Cash Date, Partner's New Partnership Interest may be transferred in accordance with the 575M Co. Partnership Agreement (the "575M Co. Partnership Agreement"), as in effect at the Effective Time, subject to such successor assuming and agreeing to perform all of such Partner's obligations under this Agreement except Partner's obligation to remain employed with the Firm or to perform consulting services for the Firm. (d) Partner hereby agrees that from and after the date hereof, until the earlier of the Closing and the termination of the Purchase Agreement in accordance with its terms, Partner will not, in any manner, directly or indirectly (including through advisors, agents or other intermediaries), take any action (i) to seek, solicit, encourage, support or discuss any offer from any corporation, partnership, person or other entity or group (other than Acquiror) to acquire any direct or indirect Partnership Interests or New Partnership Interests, to merge any of the Acquired Companies or any Affiliate of any of the Acquired Companies with any such person, or to otherwise acquire any significant portion of the assets of any of the Acquired Companies, or (ii) to issue, sell or otherwise permit to become outstanding any additional ownership interests in the Company, 575M Co. or any of the Acquired Companies. (e) At any time after the date hereof, Partner shall promptly execute, acknowledge and deliver any other assurances or documents reasonably requested by Acquiror in order to consummate the Transactions and appoints each of the Chief Financial Officer and the General Counsel of the Company, as his attorney-in-fact to execute and deliver any and all such assurances or documents on its behalf. (f) Partner hereby agrees to execute and deliver to Acquiror at the Closing, a counterpart of the Shareholders' Agreement among the Acquiror and the persons named therein (the "Acquiror Shareholders' Agreement") if requested to do so by Acquiror, which agreement when so executed and delivered shall be in full force and effect. (g) From and after the date hereof, and until the earlier of the Closing and the termination of the Purchase Agreement in accordance with its terms, Partner will not adopt, approve or consent to any amendment to the Company Partnership Agreement or the 575M Co. Partnership Agreement, in each case, without Acquiror's prior consent to any such amendment, except, after consultation with Acquiror, as may be legally required or as may be necessary to consummate the Transactions in accordance with the terms of the Purchase Agreement. 3. Representations, Warranties and Agreements. Partner represents and warrants to, and agrees with, Acquiror as follows: (a) Partner has all requisite power and authority to execute and deliver this Agreement and to perform all of the obligations imposed upon Partner hereunder. As of the date hereof and until the Effective Time, Partner is and will be the lawful record and beneficial owner of Partner's Partnership Interest and, from the Effective Time until immediately prior to the Closing, Partner will be the lawful record and beneficial owner of Partner's New Partnership Interest, in each case free and clear of all Liens. No other person has, or will have, an interest, legal, beneficial or otherwise, in Partner's Partnership Interest or in Partner's New Partnership Interest and, except for the approvals of Governmental Authorities necessary to consummate the Transactions, no consent of any other person is required for the execution and delivery by Partner of, and performance by Partner of his obligations under, this Agreement and the Purchase Agreement. Without limiting the foregoing, no person has, or will have, any rights with respect to Partner's Partnership Interest or Partner's New Partnership Interest or the cash or Shares to be transferred to Partner by 575M Co. pursuant to the Purchase Agreement under any community property or similar legal provision or concept. There are no actions, suits or proceedings pending or, to Partner's knowledge, threatened against or affecting Partner or the assets of Partner in any court or before or by any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality which is reasonably likely to materially impair, restrict or delay the ability of Partner to perform Partner's obligations under this Agreement and the Purchase Agreement or would make this paragraph untrue in any material respect. This Agreement constitutes the valid and legally binding agreement of Partner, enforceable in accordance with its terms except as the enforceability hereof may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws relating to the enforcement of creditors' rights generally and by general principles of equity. (b) Subject to the receipt of Previously Disclosed required approvals as provided in Section 5.03(e) of the Purchase Agreement, the execution, delivery and performance of this Agreement do not and will not (1) constitute a breach or violation of, or a default under, or cause or allow the acceleration or creation of a Lien (with or without the giving of notice, passage of time or both) pursuant to any law, rule or regulation or any judgment, decree, order, governmental or non-governmental permit or license, or any Contract to which Partner is a party or to which Partner or any of Partner's assets are subject or bound or (2) require any consent or approval of any other person under any such law, rule, regulation, judgment, decree, order, governmental or non-governmental permit, license or Contract, in each case, which would materially impair, restrict or delay the ability of Partner to perform Partner's obligations under this Agreement. (c) Partner will hold any Shares which he receives from 575M Co. for Partner's own account and not with a view to, or for resale in connection with, the distribution thereof and Partner has no present intention of selling, Transferring, granting any participation in, or otherwise distributing the Shares except in conformity with the Securities Act and other applicable federal and state securities laws. (d) Partner has read and fully understands this Agreement, the Purchase Agreement, the Restructuring Merger Agreement and the terms of the proposed Ayco Sale and Restructuring Merger. The SEC Documents related to Acquiror have been made available to Partner, and Partner understands and has evaluated the risks of an investment in the Shares. Partner has been given the opportunity to ask questions of, and receive answers from, Acquiror and its representatives concerning the matters pertaining to Partner's investment in the Shares and has been given the opportunity to review such additional information as was necessary to evaluate the merits and risks of an investment in the Shares. Partner can bear the economic risk of an investment in the Shares. (e) Partner is, and on the date he receives any Closing Date Shares, will be an "accredited investor" as defined in Regulation D, which has been adopted by the SEC under the Securities Act. The information relating to Partner set forth in the questionnaire attached hereto as Exhibit B and forming a part of this Agreement is complete and accurate as of the date hereof and will be complete and accurate as of the date he receive any Shares. (f) Partner understands that any Shares which he receives from 575M Co. will be characterized as "restricted securities" under the Securities Laws in that they are being acquired from Acquiror in a transaction not involving a public offering and that, consequently, the Shares may not be resold without first being registered under the Securities Laws, or pursuant to an exemption therefrom. Specifically, Partner is familiar with Rules 144 and 145 under the Securities Act and understands, and agrees to comply with, the resale limitations imposed thereby, by the legends described in paragraph (g) below and by the Securities Laws generally and to cause any other person who has an interest in such Shares to so comply. (g) Partner understands and agrees that any certificates issued to Partner representing Shares will bear the following legends and such other legends as Acquiror may reasonably deem necessary or desirable: "THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A PARTNER'S AGREEMENT WITH THE GOLDMAN SACHS GROUP, INC. (THE "PARTNER'S AGREEMENT") AND A SHAREHOLDERS' AGREEMENT AMONG THE GOLDMAN SACHS GROUP, INC AND THE PERSONS NAMED THEREIN (THE "SHAREHOLDERS' AGREEMENT"), COPIES OF WHICH ARE ON FILE AT THE PRINCIPAL EXECUTIVE OFFICE OF THE GOLDMAN SACHS GROUP, INC., AND WHICH, AMONG OTHER MATTERS, PLACE RESTRICTIONS ON THE DISPOSITION OF SUCH SECURITIES. THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY BE INDIRECTLY OR DIRECTLY SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF, INCLUDING ANY DISPOSITION OF THE ECONOMIC OR OTHER RISKS OF OWNERSHIP THROUGH HEDGING TRANSACTIONS OR DERIVATIVES INVOLVING SUCH SECURITIES, ONLY IN ACCORDANCE WITH THE PROVISIONS OF THE PARTNER'S AGREEMENT AND THE SHAREHOLDERS' AGREEMENT." "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR OTHER SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, EXCHANGED, TRANSFERRED, ASSIGNED, PLEDGED, PARTICIPATED, HYPOTHECATED OR OTHERWISE DISPOSED OF (EACH A "TRANSFER") EXCEPT PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND, IF APPLICABLE, SUCH OTHER SECURITIES LAWS AND FOLLOWING RECEIPT BY THE GOLDMAN SACHS GROUP, INC. OF A LEGAL OPINION IN FORM AND SUBSTANCE SATISFACTORY TO IT THAT SUCH TRANSFER IS PERMITTED." The foregoing legends will be removed from a Share certificate at the request of Partner or another holder thereof in connection with the proposed transfer thereof upon, and only upon, satisfaction of Acquiror that such legend is no longer required or appropriate, including, in the case of the Securities Laws legend, receipt by Acquiror of an opinion of counsel, in form and substance reasonably satisfactory to Acquiror, to the effect that registration under the Securities Act is unnecessary in respect of such proposed transfer, in reliance upon SEC Rule 144 or 145 under the Securities Act (or another then-existing exemption), and that such legend is not required by law to appear on such certificate. Partner agrees and consents to the entry of stop transfer orders against the transfer of Shares subject to transfer restrictions (other than with respect to Shares for which the foregoing legends have been removed pursuant to this Section 3(g)). (h) Partner meets any suitability standards for acquisition of securities imposed by the state of Partner's residence or imposed by any other applicable laws. (i) From and after the date hereof, and until the earlier of the Closing and the termination of the Purchase Agreement in accordance with its terms, Partner agrees to comply with the restrictions on hedging and pledging and trading in Acquiror securities contained in Exhibit C hereto (other than the requirement that Partner maintain accounts with Acquiror); it being understood that Partner shall in no event on or after the date hereof, commence any activities that involve the disposition of the economic or other risks of ownership through hedging transactions or derivatives involving Acquiror securities (or through transfers or hedging transactions involving Partner's Partnership Interest). (j) Partner has not made any election, taken any action, filed any Tax Return or filed or provided any other document to any taxing authority and will not make any election, take any action, file any Tax Return or file or provide any other document to any taxing authority that is inconsistent with the Tax Returns filed and furnished by the Company or 575M Co. or the treatment of each of the Company, New GP, ASA LP and MAC LP as a partnership or disregarded entity, and of Hambre, Inc. as an S corporation or Qualified Subchapter S Subsidiary, for U.S. federal, state and local Tax purposes, as further described in the Purchase Agreement, including but not limited to Sections 2.04 and 4.03 therein, and Partner agrees that the foregoing representations shall be subject to the same indemnification provisions as contemplated by Section 16 herein. (k) Partner agrees to provide, and to use his reasonable best efforts to cause his respective relatives and affiliates to provide, any document or take any other action reasonably requested by Acquiror (or Acquiror's designees) in connection with any Tax matters relating to the Company. 4. Restrictions on Transfer. (a) Subject to Section 6.12(b) of the Purchase Agreement, Partner agrees that any Shares that are received by 575M Co. and allocable to him that relate to the Closing Consideration may be Transferred only as follows: (i) 33 1/3% of such Shares may be Transferred at any time after the first anniversary of the Closing Date; (ii) an additional 33 1/3% of such Shares may be Transferred at any time after the second anniversary of the Closing Date; and (iii) all of such Shares may be Transferred at any time after the earlier of (a) such date after December 31, 2005 on which the Firm notifies Partner that such Transfer is permitted and (b) January 31, 2006. For purposes of this Agreement, the term "Transfer" means any direct or indirect sale, transfer, pledge (other than pursuant to the Pledge Agreement) or other disposition of securities of Acquiror or Partner's Partnership Interest or Partner's New Partnership Interest, as the case may be, in each case made in accordance with all applicable laws and regulations and pursuant to an effective registration statement under, or appropriate exemptions from, the registration requirements of the Securities Laws; provided, however, that in the event of such Partner's death or Disability during the term of this Agreement, such Partner's Shares may be transferred notwithstanding the transfer restrictions under Section 4(a) of this Agreement but subject to any transfer restrictions in any other provision of this Agreement, the Pledge Agreement, the Custody Agreement or under applicable law. (b) Partner agrees that, if he receives any Shares from 575M Co., at any time Partner is employed by the Firm, Partner will: (i) be subject to the Transfer restrictions set forth in Section 4(a) herein, comply with respect to all such Shares with Transfer restrictions related to future primary or secondary offerings of Acquiror securities that apply to similarly situated employees of the Firm if requested to do so by Acquiror; (ii) be subject to the same internal compliance and trading policies as are in effect from time to time for similarly situated employees of Acquiror; (iii) comply with the transfer and hedging and pledging restrictions of Acquiror relating to securities of Acquiror and financial services companies as are in effect from time to time for comparable employees, including managing directors, of Acquiror; and (iv) at all times be the sole beneficial owner of at least 25% of the aggregate number of Shares (a) beneficially owned by Partner at the time such Partner became employed by the Firm after the consummation of the Ayco Sale and (b) beneficial ownership of which is acquired by Partner thereafter, with no reduction in such aggregate number of such Shares disposed of by such Partner. References in this Section 4 to "Shares" shall be deemed to also refer to securities received in exchange for Shares on the same basis as provided in Section 6.4 of the Acquiror Shareholders' Agreement. 5. Definitions of Cause; Form of Custody Agreement. Acquiror represents and warrants to Partner as follows: (a) The definitions of "Cause" attached hereto as Exhibit D accurately reflect the definitions of "Cause" contained in (i) the Amended and Restated Member Agreement, dated as of September 10, 2000, as amended and restated as of October 26, 2000, between Acquiror and the signatory thereto, who is the owner of that membership interest of SLK LLC, a New York limited liability company set forth next to such signatory's name in Exhibit A thereto and, for purposes of Section 1(b) thereof only, SLK LLC, (ii) the form of 2002 Year-End Option Award of Acquiror and (iii) the form of 2002 Year-End RSU Award Agreement of Acquiror. (b) The form of agreement attached hereto as Exhibit E is a true and correct copy of the form of custody agreement relating to the 2002 Year-End Award Programs of Acquiror. 6. Confidential Information; Return of Materials. (a) In the course of involvement in the Firm's activities or otherwise, Partner has obtained or may obtain confidential information concerning the Firm's businesses, strategies, operations, financial affairs, organizational and personnel matters (including information regarding any aspect of Partner's tenure as a partner in, or officer or employee of, the Firm or of the termination of such membership, officership or employment), policies, procedures and other non-public matters, or concerning those of third parties. Such information ("Confidential Information") may have been or may be provided in written or electronic form or orally. Without prejudice to or limitation on any other confidentiality obligations imposed by agreement or by law, Partner hereby undertakes to use and protect Confidential Information in accordance with any reasonable restrictions placed on its use or disclosure. Without limiting the foregoing, except as authorized by the Firm or as required by law or applicable regulatory organization, Partner may not disclose, directly or indirectly, any Confidential Information, or any information derived therefrom, in whatever form, to any person unless such person is a director, officer, partner, employee, attorney or agent of the Firm and, in Partner's reasonable good faith judgment, has a need to know the Confidential Information or information derived therefrom in furtherance of the business of the Firm. The foregoing obligations will survive, and remain binding and enforceable notwithstanding any termination of Partner's employment with the Firm and any settlement of the financial rights and obligations arising from Partner's employment with the Firm. Notwithstanding the foregoing, Partner and the Firm (and each employee, representative or other agent of Partner or the Firm) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the Transactions and all materials of any kind (including opinions or other tax analyses) that are provided to Partner or the Firm relating to such tax treatment and tax structure, except to the extent the disclosure of such information could result in any violation of applicable securities laws. For this purpose, "tax structure" means any facts relevant to the federal income tax treatment of the Transactions but does not include information relating to the identity of the parties to the Transactions. (b) Without limiting the foregoing, the existence of, and any information concerning, any dispute between Partner and the Firm shall constitute Confidential Information except that Partner may disclose information concerning such dispute to the arbitrator or court that is considering such dispute, and to Partner's legal counsel (provided that such counsel agrees not to disclose any such information other than as necessary to the prosecution or defense of the dispute) or respond in comparable form and manner to any disclosure by the Firm in violation of this Section 6(b); and provided that, in the event the existence of, or any information concerning, any such dispute is disclosed directly or indirectly by the Firm or any of its employees to the public, Partner and the Firm will reasonably cooperate in good faith to discuss whether a response to such disclosure is warranted, and if so, the substance of such response, in each case, with due regard to Partner's reputation and to the Firm's need for confidentiality. The Firm also agrees to use its reasonable best efforts to maintain the confidential information described in this Section 6(b) in confidence, subject to the same exceptions as apply to Partner. (c) Upon the termination of Partner's employment with the Firm, Partner shall promptly deliver or make available to Acquiror all correspondence, drawings, manuals, letters, notes, notebooks, reports, flow-charts, programs, proposals and any documents concerning Clients (as defined herein), Client lists and all other paper and/or electronic documents, records or files, and all copies thereof, relating to the operation, products, processes, business or Clients of the Firm and, without limiting the foregoing, will promptly deliver or make available to Acquiror any and all other documents, electronic records or materials, and all copies thereof, containing or constituting Confidential Information. (d) Upon the termination of Partner's consultancy with the Firm, Partner shall promptly deliver to Acquiror all correspondence, drawings, manuals, letters, notes, notebooks, reports, flow-charts, programs, proposals and any documents concerning Clients (as defined herein), Client lists and all other paper and/or electronic documents, records or files, and all copies thereof, relating to the operation, products, processes, business or Clients of the Firm and, without limiting the foregoing, will promptly deliver to Acquiror any and all other documents, electronic records or materials, and all copies thereof, containing or constituting Confidential Information, provided Partner may retain his rolodex, address book and similar information (but shall make available to Acquiror such rolodex and other information). (e) For purposes of this Agreement, "Firm" means (i) prior to the consummation of the Ayco Sale, the Acquired Companies and their respective Affiliates, and (ii) from and after the consummation of the Ayco Sale, Acquiror and its Subsidiaries and Affiliates (including the Acquired Companies). 7. Noncompetition. (a) In view of Partner's importance to the Firm, Partner hereby agrees that the Firm would likely suffer significant harm from Partner's competing with the Firm for some period of time following the consummation of the Purchase, and at any time prior to the date of termination of his "Employment Period" (as defined in Section 2(a) of Annex 1 hereof) and for some time thereafter, and Partner understands that Acquiror would not have agreed to acquire the Company, or any of the Acquired Companies in which Partner has an ownership interest through the Company, and their respective businesses unless Partner entered into this Agreement. Moreover, Partner recognizes and agrees that the business activities of the Firm are worldwide and that the restrictions on competition included herein are commensurate in geographic scope with those activities. The noncompetition obligations herein are in addition to those in the Managing Director Attachment, attached to Annex 1. Accordingly, Partner hereby agrees that commencing at the time of consummation of the Ayco Sale, Partner will not, without the written consent of Acquiror, until the latest of (x) ten years following the Closing, (y) two years following the date of termination of the Employment Period and (z) the termination of the Consulting Period (as defined in Annex 1) (such later date is referred to as the "Expiration Date"): (1) form, or acquire a 5% or greater equity ownership (including, for this purpose, stock options, warrants and other rights, whether or not exercisable), voting or profit participation interest in, any Competitive Enterprise (as defined below); or (2) associate (including, but not limited to, association as an officer, employee, partner, director, consultant, agent or advisor) with any Competitive Enterprise and in connection with such association engage in, or directly or indirectly manage or supervise personnel engaged in, any activity (i) which is similar or substantially related to any activity in which Partner was engaged, in whole or in part, at the Firm, (ii) for which Partner had direct or indirect managerial or supervisory responsibility at the Firm, or (iii) which calls for the application of the same or similar specialized knowledge or skills as those utilized by Partner in Partner's activities with the Firm, at any time during the one-year period immediately prior to the date of termination of Partner's employment with the Firm (or, in the case of an action taken during the Employment Period, during the one-year period immediately prior to such action), and, in any such case, irrespective of the purpose of the activity or whether the activity is or was in furtherance of advisory, agency, proprietary or fiduciary business of either the Firm or the Competitive Enterprise. Notwithstanding the foregoing, in the event the Firm terminates Partner's employment or the Consulting Period without Cause or Partner terminates his employment for Good Reason, then at any time after the lesser of (x) two years after the date of termination of the Employment Period or the Consulting Period, as the case may be, and (y) five years after the Closing, Partner will be deemed to have engaged in the activity proscribed in Section 7(a)(2)(iii) above if, and only if, Partner (A) directly or indirectly engages in, or in any activity related to, (B) directly or indirectly manages or supervises personnel engaged in, or in any activity related to, or (C) has direct or indirect oversight responsibility with respect to, any Competitive Activity. (b) For purposes of this Agreement, a "Competitive Enterprise" is a business enterprise that (1) engages anywhere in a Competitive Activity, or (2) (x) owns or controls a significant interest in, or (y) is owned or a significant interest in which is owned or controlled by, any entity that engages anywhere in any Competitive Activity. For purposes of this Agreement, "Competitive Activity" means any business in which the Company or any of its subsidiaries engages or in which it is reasonably contemplating engaging at any time during the last two years Partner is employed with the Firm or provides consulting services to the Firm (including without limitation, providing financial counseling services and asset management). 8. Nonsolicitation of Clients. (a) Partner hereby agrees that during the Employment Period and thereafter until the Expiration Date, Partner will not, in any manner, directly or indirectly, (1) Solicit a Client to transact business with a Competitive Enterprise with respect to a Competitive Activity or to reduce or refrain from doing any business with the Firm, or (2) interfere with or damage (or attempt to interfere with or damage) any relationship between the Firm and a Client. (b) For purposes of this Agreement, the term "Solicit" means any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, encouraging, counseling, inducing or requesting any person or entity, in any manner, to take or refrain from taking any action, provided that the term "Solicit" shall not include general advertising not targeted specifically at a Client or Employee. (c) For purposes of this Agreement, the term "Client" means any client or prospective client of the Firm to whom Partner provided services, or for whom Partner transacted business, or whose identity became known to Partner in connection with Partner's relationship with or employment by the Firm. 9. Nonsolicitation of Employees. Partner hereby agrees that during the Employment Period and thereafter until the Expiration Date, Partner will not, in any manner, directly or indirectly, Solicit any employee of the Firm to resign from the Firm or to apply for or accept employment with any Competitive Enterprise. Notwithstanding the foregoing, Partner may Solicit and hire Robin DiCocco and Peter Gilbert. 10. Pledge of Shares. Partner acknowledges and agrees that Partner's obligations in Section 7, 8, 9 and 14 and any of Partner's indemnification obligations under Section 16 hereof will be full recourse obligations and will be secured pursuant to a Pledge Agreement in substantially the form set forth as Exhibit F hereto (the "Pledge Agreement"). Partner agrees to execute and deliver to Acquiror a Pledge Agreement prior to the Closing and acknowledges and agrees that Partner shall not be entitled to receive any Closing Consideration or Continuing Consideration from 575M Co. prior to the execution and deliver of such agreement. 11. Employment with the Firm. (a) Partner acknowledges that Acquiror would not have entered into this Agreement or the Purchase Agreement in the absence of Partner's agreement to the provisions of this Section 11, and Partner further acknowledges that such Partner's continued employment with the Firm through the one (1) year anniversary of the Closing Date is essential to assure the proper integration of the business operations of the Company into the Firm and is an important factor to the continued success of the Firm's operations and its future prospects. Accordingly, Partner hereby agrees to remain employed with the Firm for the period commencing on the Closing through the one (1) year anniversary of the Closing Date, except as a result of a termination for Good Reason (as defined in Annex 1 to this Agreement) or his death or Disability (as defined in Annex 1 to this Agreement), on terms and conditions set forth herein and in Annex 1 hereto. Notwithstanding the foregoing, Partner acknowledges and agrees that such employment shall be subject to this Agreement, satisfactory completion of pre- and post-employment background checks (which background checks the Firm shall complete as soon as reasonably possible) and compliance with the Firm's policies and procedures. The Firm will provide Partner with a copy of the results of any background check. (b) Within 60 days after the commencement of the Employment Period, Partner agrees to close all Personal Accounts and transfer all assets, including any cash or securities, contained therein, to one or more accounts with Acquiror and, during the Employment Period, maintain all Personal Accounts with Acquiror. For purposes of this Section 11(b), "Personal Account" means (i) any brokerage account in which Partner has any beneficial ownership, (ii) any brokerage account maintained by or for (x) such Partner's spouse (other than a legally separated or divorced spouse), domestic partner or minor child or (y) any relative who resides with Partner or any relative who is financially dependent on Partner and (iii) any other brokerage account (except any account of a Client) with respect to which Partner has investment discretion. 12. Transfer of Client Relationships. (a) During the Coverage Period, Partner hereby agrees to take all actions and do all such things as may be reasonably requested by the Firm from time to time to maintain for the Firm the business, goodwill, and business relationships with any of the Firm's Clients with whom Partner worked during the term of Partner's employment with the Firm. (b) For purposes of this Agreement, the term "Coverage Period" means, the 90-day period beginning on the date on which notice of Partner's termination of employment is delivered to or by the Firm pursuant to Section 11, or in the case of termination of Partner's employment by the Firm for Cause (as defined in Annex 1 to this Agreement) or on account of Disability, the 90-day period beginning on the date of termination of employment. 13. Prior Notice Required. Partner hereby agrees that prior to accepting employment with any other person or entity prior to the date of termination of Partner's obligations hereunder, Partner will provide such prospective employer with written notice of the provisions of Sections 7, 8, 9 and 14 of this Agreement, with a copy of such notice delivered simultaneously to the General Counsel of Acquiror. 14. Non-Disparagement. Partner hereby acknowledges and agrees that Partner will not make, either by himself, or through an agent, employee, representative or any other third party, any oral or written statements which are or could reasonably be interpreted to be of a negative or critical nature concerning the Firm, including, but not limited to, statements or omissions regarding its business practices, events in the workplace, and/or his or her treatment by the Firm, to anyone other than in private and privileged conversations with his or her spouse or legal advisor, or as required by law, provided the foregoing shall not apply with regard to any truthful statement in any legal or regulatory proceeding (including a proceeding to enforce Partner's rights against the Firm hereunder). The Firm agrees that senior management will not, directly or through an agent or representative, make any oral or written public statements which are or could reasonably be interpreted to be of a negative or critical nature concerning Partner to anyone other than in private and privileged conversations with the Firm's legal advisors, or as required by law or by the rules of any applicable regulatory organization, provided the foregoing shall not apply with regard to any actions to enforce the Firm's rights against the Partner or truthful statement in any legal or regulatory proceeding. 15. Non-Compliance Period. The time periods for the restrictions referred to in Sections 7, 8 and 9 shall be extended, respectively, by a number of days equal to the number of days of non-compliance. 16. Indemnification. Partner hereby agrees that he shall indemnify each Acquiror Party as an Indemnifying Party as set forth in Articles 7 and 9 of the Purchase Agreement. If an indemnification claim (an "Indemnification Claim") is made pursuant to the Purchase Agreement, Partner agrees that, unless Acquiror delivers consent in writing, the Company Representatives shall have the sole and exclusive power and authority to contest, defend and settle each Indemnification Claim on behalf of Partner. In addition, for purposes of Article 7 of the Purchase Agreement, Partner agrees that, unless Acquiror delivers consent in writing, the Company Representatives shall have sole and exclusive power and authority over tax matters reserved to the Company Representatives under the Purchase Agreement. In furtherance thereof, Partner agrees that (i) any action by either of the Company Representatives shall be conclusively binding on Partner and (ii) John Collins and John Breyo shall be the initial Company Representatives, and Partner agrees to take all action necessary to cause the Company to designate John Collins and John Breyo as the Company Representatives under the terms of the Purchase Agreement. 17. Taxes. (a) Tax Returns. Partner hereby agrees to prepare and file (or cause to be prepared and filed) when due (taking into account any applicable extensions) all of his, her or its Tax Returns related to periods during which the Ayco Sale occurs or during which any Ayco Consideration is paid, and Partner will timely pay all Taxes reflected on such Tax Returns (or which are due with respect to such Tax Returns after adjustment by any taxing authority). Partner further agrees to cooperate with Acquiror and to provide Acquiror with any documentation as reasonably requested in establishing the timely filing of such Tax Returns and timely payment of such Taxes (including any incremental taxes due as the result of an adjustment required by any taxing authority). In addition, Partner agrees to prepare and file in a timely fashion any IRS forms relating to the allocation of Ayco Consideration, to the extent applicable, in accordance with Section 7.02(e) of the Purchase Agreement and the Code. In the event that the Ayco Consideration is adjusted after the Closing Date, Partner agrees to revise and amend any such IRS forms, to the extent applicable, in the same manner and according to the same procedure. (b) Tax Treatment of the Common Stock. Partner agrees that any Acquiror Common Stock received by 575M Co. in the Purchase will be valued for all U.S. federal income tax purposes at 100% of the mean of the high and low of the trading price of the Acquiror Common Stock on, in the case of Acquiror Common Stock delivered on the Closing Date, the Closing Date or, in the case of Acquiror Common Stock delivered as part of the Continuing Consideration, the date such Acquiror Common Stock is delivered. (c) Cooperation. Partner agrees to cooperate with the Company Representatives, Acquiror, and the Tax Matters Partner (as defined in Section 6231(a)(7) of the Code) (or its designee), as applicable, to the extent reasonably requested in any Tax audit, examination or other proceeding involving the Company or its Subsidiaries for any taxable period that relates to periods prior to the Closing. Partner further agrees that the Acquiror (or its designee)) shall have the right to designate or appoint (such designation or appointment to be made in good faith) any individual or entity in the name and on behalf of such Partner, as the Tax Matters Partner, with respect to any taxable year of the Company. (d) Overpayments and Underpayments. The parties hereby agree that in the event the Company makes distributions to Partner in accordance with paragraph 1(a)(2) of Annex 4 to the Purchase Agreement, the parties shall as promptly as practicable after the Closing determine whether the actual amount of Taxes owed by Partner in respect of the net earnings of the Company (calculated in accordance with, and at the rate specified in, such paragraph 1(a)(2) of Annex 4 to the Purchase Agreement) during the period from January 1, 2003 to the Closing Date (after taking into account Tax credits and other available Tax assets relating to the Company and excluding any distributions for any Taxes attributable to, or payable as the result of, (i) sales or other dispositions requiring the recognition of unrealized gains reflected on the Financial Statements, (ii) Taxes payable in respect of any acceleration of Section 481 adjustments under the Code resulting from the transactions contemplated by the Purchase Agreement or (iii) any other taxes payable as a result of the transactions contemplated by the Purchase Agreement) is greater than (an "Underpayment") or less than (an "Overpayment") the amounts distributed to Partner in accordance with, and at the rate specified in, paragraph 1(a)(2) of Annex 4 to the Purchase Agreement with respect to the period from January 1, 2003 to the Closing Date in respect to such Taxes, and, in the event of an Overpayment, Partner shall promptly pay to Acquiror and, in the event of an Underpayment, Acquiror shall promptly pay to Partner, the amount of such difference. 18. Covenants Generally. (a) Partner's covenants as set forth in Sections 6 through 17 of this Agreement are from time to time referred to herein as the "Covenants." If any of the Covenants is finally held to be invalid, illegal or unenforceable (whether in whole or in part), such Covenant shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality or unenforceability and the remaining such Covenants (or part of such Covenants, as the case may be) shall not be affected thereby; provided, however, that if any of such Covenants is finally held to be invalid, illegal or unenforceable because it exceeds the maximum scope determined to be acceptable to permit such provision to be enforceable, such Covenant will be deemed to be modified to the minimum extent necessary to modify such scope in order to make such provision enforceable hereunder. (b) Partner understands that the provisions of the Covenants may limit Partner's ability to earn a livelihood in a business similar to the business of the Firm. (c) Partner acknowledges that a violation on Partner's part of any of the Covenants would cause irreparable damage to the Firm and Acquiror acknowledges that a violation on Acquiror's part of its covenant in Section 14 would cause irreparable damage to Partner. Accordingly, Partner agrees that the Firm will be entitled to injunctive relief for any actual or threatened violation of any of the Covenants and Acquiror agrees that Partner would be entitled to injunctive relief for any actual or threatened violation of its covenant in Section 14, in each case, in addition to any other remedies such party may have. 19. Waiver and Release. (a) Partner hereby irrevocably waives any right to contest the terms of each of this Agreement, the Purchase Agreement, the Restructuring Merger Agreement and the transactions contemplated hereby and thereby, whether on the grounds of unequal or disparate treatment, inconsistency or conflict with the terms and provisions of the Company Partnership Agreement, the Agreement of Limited Partnership of 575M Co., unfairness or for any other reason; provided that the foregoing shall not limit Partner's right to enforce the terms of any such document or contest any breach by Acquiror of any of the terms of any such document. (b) Partner hereby irrevocably releases Acquiror, the Acquired Companies and each and every affiliate, shareholder, subsidiary, partner, officer, member, director and employee of Acquiror, and such Acquired Companies and their affiliates in their capacities as such ("Releasees") from any claims, liabilities, costs, expenses, actions, suits or demands however arising, whether at law or in equity, contingent, known or unknown, (collectively "Claims") which Partner or his or her heirs, successors or assigns may have or assert, in respect of any interest in the Company (or the Company's predecessor) and its affiliates or arising out of any Partnership Interest, New Partnership Interest, or Partner, partnership or employment relationship with the Company (or the Company's predecessor) or any of the Acquired Companies or their affiliates (including claims for breach of any contract relating to employment, partnership status or compensation, or for discrimination based upon race, color, ethnicity, sex, age, national origin, religion, disability, sexual orientation, or any other unlawful criterion or circumstance which Partner or Partner's heirs, successors or assigns may have or have had; provided that this release shall not extend to (i) agreements entered into hereunder or in connection with the transactions contemplated by the Purchase Agreement and (ii) any conduct that resulted from a Releasee's bad faith, fraud or criminal act or omission. Partner confirms that Partner has been given a reasonable period within which to consider this release and its consequences and that Partner has been advised prior to executing this Agreement to consult with any attorney or any personal or financial advisor Partner chooses. (c) Partner hereby acknowledges and agrees that the Acquired Companies and their respective affiliates, shareholders, subsidiaries, partners, officers, members, directors and employees are relying upon the release being given by Partner under Section 19(b) hereof and hereby agrees that such release shall be deemed to be given directly to each of them. (d) Partner hereby represents that he has not filed any action, complaint, grievance or arbitration against the Acquired Companies, and covenants and agrees not to file any action, complaint, grievance or arbitration against the Acquired Companies in any court of law or equity with respect to events occurring prior to the date of this Agreement. (e) In furtherance of and without limiting the foregoing, Partner acknowledges and agrees that all of his rights under Section 1542 of the Civil Code of California are hereby expressly waived. Said Section 1542 reads as follows: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor." Notwithstanding the provisions of such Section 1542, and for the purpose of implementing a full and complete release and discharge of all Claims, Partner expressly acknowledges that this Agreement is intended to include in its effect, without limitation, all Claims which Partner does not know or suspect to exist in his favor at the time of execution hereof, and that this Agreement contemplates the extinguishment of any such Claims. 20. Arbitration. Subject to the provisions of Sections 21 and 22 hereof, any dispute, controversy or claim between Partner and the Firm arising out of or relating to or concerning the provisions of this Agreement, relating to or arising out of Partner's employment with the Firm or otherwise concerning any rights, obligations or other aspects of Partner's employment relationship in respect of the Firm ("Employment Related Matters"), shall be finally settled by arbitration in New York City before the American Arbitration Association (the "AAA") in accordance with the commercial arbitration rules of the AAA, and the parties may invoke the AAA's Optional Rules for Emergency Measures of Protection. The parties agree that any arbitration award may be entered as a judgment in any appropriate court. 21. Injunctive Relief; Submission to Jurisdiction; Specific Performance. (a) Notwithstanding the provisions of Section 20, and in addition to its right to submit any dispute or controversy to arbitration, the Firm may bring an action or special proceeding in a state or federal court of competent jurisdiction sitting in the City of New York , whether or not an arbitration proceeding has theretofore been or is ever initiated, for the purpose of temporarily, preliminarily, or permanently enforcing the provisions of the Covenants, or to enforce an arbitration award, and, for the purposes of this Section 21, Partner (i) expressly consents to the application of Section 22 to any such action or proceeding, (ii) agrees that proof will not be required that monetary damages for breach of the provisions of the Covenants would be difficult to calculate and that remedies at law would be inadequate and (iii) irrevocably appoints Hall Dickler Kent Goldstein & Wood LLP as Partner's agent for service of process in connection with any such action or proceeding, provided that the Firm shall use all reasonable efforts to promptly advise Partner in writing of any such service of process. (b) Each party hereto severally acknowledges that it will be impossible to measure in money the damage to the other party if the party hereto fails to comply with any of the obligations imposed by this Agreement and that every such obligation is material. Accordingly, each party hereto severally agrees that injunctive relief or other equitable remedy, in addition to remedies at law or damages, is the appropriate remedy for any such failure and will not oppose the granting of such relief on the basis that the other party has an adequate remedy at law. 22. Choice of Forum. (a) Partner and the Firm hereby irrevocably submit to the exclusive jurisdiction of any state or federal court located in the City of New York over any suit, action or proceeding arising out of or relating to or concerning this Agreement or any employment related matter that is not otherwise arbitrated according to the provisions of Section 20 hereof. This includes any suit, action or proceeding to compel arbitration or to enforce an arbitration award. This also includes any suit, action, or proceeding arising out of or relating to any post-employment Employment Related Matters. Partner and the Firm acknowledge that the forum designated by this Section 22 has a reasonable relation to this Agreement and to Partner's relationship to the Firm. Notwithstanding the foregoing, nothing herein shall preclude the Firm from bringing any action or proceeding in any other court for the purpose of enforcing the provisions of Sections 20, 21 or 22. (b) The agreement of Partner and the Firm as to forum is independent of the law that may be applied in the action, and Partner and the Firm agree to such forum even if the forum may under applicable law choose to apply non-forum law. Partner and the Firm hereby waive, to the fullest extent permitted by applicable law, any objection which Partner or the Firm now or hereafter may have to personal jurisdiction or to the laying of venue of any such suit, action or proceeding in any court referred to in Section 22(a). Partner and the Firm undertake not to commence any action arising out of or relating to or concerning this Agreement in any forum other than a forum described in this Section 22. Partner and the Firm agree that, to the fullest extent permitted by applicable law, a final and non-appealable judgment in any such suit, action or proceeding in any such court shall be conclusive and binding upon Partner and the Firm. 23. Choice of Law. THIS AGREEMENT AND ALL OF THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS. 24. [Intentionally Omitted] 25. Miscellaneous. (a) This Agreement and the Purchase Agreement shall supersede any other agreement, written or oral, pertaining to the matters covered herein. (b) Notices hereunder shall be delivered to Acquiror at its principal executive office directed to the attention of its General Counsel, and to Partner at Partner's last address appearing in the Firm's employment records. (c) This Agreement may not be amended or modified, other than by a written agreement executed by Partner and Acquiror or its successors, nor may any provision hereof be waived other than by a writing executed by Partner or Acquiror or its successors; provided, that any waiver, consent, amendment or modification of any of the provisions of this Agreement will not be effective against Partner or the Firm without the written consent of Partner or Acquiror or its successors, as the case may be. Partner may not, directly or indirectly (including by operation of law), assign Partner's rights or obligations hereunder without the prior written consent of Acquiror or its successors, and any such assignment by Partner in violation of this Agreement shall be void. This Agreement shall be binding upon Partner's permitted successors and assigns. Without impairing Partner's obligations hereunder, Acquiror may at any time and from time to time assign its rights and obligations hereunder to any of its subsidiaries or affiliates (and have such rights and obligations reassigned to it or to any other subsidiary or affiliate), with Acquiror remaining liable for its obligations hereunder in connection with an assignment to any of its subsidiaries or affiliates, but this Agreement may not otherwise be assigned by Acquiror except to any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) (x) to all or substantially all of the business and/or assets of Acquiror or the Company or (y) to any business of Acquiror for which Partner's services are principally performed, and with respect to clause (x) or (y) above, Partner's obligations hereunder shall continue in favor of such successor provided that such successor has expressly agreed in writing delivered to Acquiror to assume all obligations of Acquiror. Notwithstanding anything to the contrary, in the event of an assignment to a successor pursuant to clause (x) or (y) of the immediately preceding sentence, and if such successor fails to make any Severance Payment required under Section 4 of Annex 1 attached hereto (as it exists on the date hereof, "Section 4") after Partner has made a reasonable attempt to compel payment by such successor (it being agreed and understood that Partner shall be under no obligation to commence any litigation against such successor), then, subject to the resolution of any and all defenses and claims available to such successor with respect to such payment, Acquiror shall make, in accordance with the terms of Section 4, any Severance Payment required to be made under Section 4 that has not otherwise been made by such successor. This Agreement shall be binding upon and inure to the benefit of the Firm and its assigns. (d) Without limiting the provisions of Section 18(a) hereof, if any provision of this Agreement is finally held to be invalid, illegal or unenforceable (whether in whole or in part), such provision shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality or unenforceability and the remaining provisions shall not be affected thereby; provided, however, that if any court were to find that the waiver and release set forth in Section 19 hereof is unlawful or unenforceable, or was not entered into knowingly, Partner agrees to execute a waiver and release in a form satisfactory to Acquiror that is lawful and enforceable. (e) Except as expressly provided herein, this Agreement shall not confer on any person other than Acquiror, the Firm and each Partner any rights or remedies hereunder. (f) The captions in this Agreement are for convenience of reference only and shall not define or limit the provisions hereof. (g) This Agreement may be executed (including by facsimile transmission) in one or more counterparts, each of which shall be deemed an original and all such counterparts together shall constitute one and the same instrument. IN WITNESS WHEREOF, each signatory hereto has caused this Agreement, including the written consent evidenced hereby, to be executed and delivered as of the day and year first above written. THE GOLDMAN SACHS GROUP, INC. By: /s/ Elizabeth E. Beshel ---------------------------------- Name: Elizabeth E. Beshel Title: Authorized Person John Breyo /s/ John Breyo ------------------------------------- Address: EX-99.HH 4 y90040exv99whh.txt PLEDGE AGREEMENT EXHIBIT HH PLEDGE AGREEMENT PLEDGE AGREEMENT, dated as of July 1, 2003 (the "Agreement"), by and between The Goldman Sachs Group, Inc., a Delaware corporation ("GS Inc."), on its behalf and on behalf of its subsidiaries and affiliates (collectively with GS Inc., and its and their predecessors and successors, the "Firm"), and the individual whose name appears at the end of this Agreement ("Pledgor"). Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Purchase Agreement and the Partner Agreement (each such agreement, as defined below). RECITALS A. Covenants and Indemnification Obligations. In connection with the execution and delivery of that certain Purchase Agreement (the "Purchase Agreement"), dated as of April 14, 2003, by and among GS Inc., The Ayco Company, L.P., a Delaware limited partnership (the "Company"), and the other Seller Parties thereto, Pledgor and GS Inc. have entered into a Partner Agreement (the "Partner Agreement"), in respect of, inter alia, Pledgor's obligations (the "Obligations") set forth in Sections 7, 8, 9, 14 and 16 thereof, not to engage in competitive activities, not to solicit the Firm's clients or employees, not to disparage the Firm, to cooperate with the Firm in maintaining certain relationships following the termination of Pledgor's employment and to indemnify each Acquiror Party as set forth in Articles 7 and 9 of the Purchase Agreement. In addition, Pledgor has agreed under the Partner Agreement to certain provisions regarding arbitration, choice of law and choice of forum, injunctive relief and submission to jurisdiction with respect to the enforcement of the Obligations. B. The Pledge. As security for the performance of the Obligations, Pledgor has agreed to pledge to the Firm (i) all shares of common stock of GS Inc. (the "Common Stock") to be received by Pledgor as part of the Closing Consideration (the "Pledged Shares") and (ii) all Substituted Cash, if any, in each case, as more specifically set forth opposite Pledgor's name on Annex A attached hereto, and certain other collateral described below. NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 1. Pledge. (a) As collateral security for the performance of the Obligations, Pledgor hereby delivers, deposits, pledges, transfers and assigns to GS Inc., in form transferable by delivery, and hereby creates for the benefit of GS Inc. a perfected first priority security interest in, the Pledged Shares (and all certificates or other instruments or documents evidencing the Pledged Shares) and the Substituted Cash, if any, and, in each case, except as set forth in Sections 1(c) and 2(a), all proceeds thereof (together with any securities or property to be delivered to GS Inc. pursuant to Section 2(b) and, upon substitution or delivery in accordance with Section 1(b), any Substitute Collateral, the "Collateral"). Pledgor herewith delivers with respect to Pledged Shares to GS Inc. appropriate undated security transfer powers duly executed in blank (or other documents deemed necessary or appropriate by GS Inc. to give GS Inc. control (as defined in the Uniform Commercial Code of the State of New York (the "UCC"))) (such transfer powers and other appropriate documents, the "Control Documents") of the Pledged Shares, and will immediately deliver Control Documents requested by GS Inc. for all other securities included within the Collateral to be pledged hereunder from time to time. (b) During the term of this Agreement, Pledgor may substitute for any Pledged Shares (other than, subject to Section 2(f), Pledged Shares included in the 25% Collateral that Pledgor is required pursuant to Section 4(b)(iv) of such Pledgor's Partner Agreement to own for so long as Pledgor is employed by Acquiror or any of its Affiliates) readily marketable direct obligations of the United States, any agency thereof, or any triple-A rated sovereign, shares of Common Stock, or other collateral; provided that any such other collateral may only be substituted if such collateral is acceptable to GS Inc. in its sole and absolute discretion (collateral other than Pledged Shares, the "Substitute Collateral") with a Fair Market Value on the date of substitution equal to or greater than the Fair Market Value on such date of the Pledged Shares to be released in exchange therefor. Upon such substitution, the Pledged Shares replaced by such Substitute Collateral shall be released from the pledge hereunder. (c) If Pledgor is not prohibited from doing so by the terms of the Purchase Agreement, such Pledgor's Partner Agreement, the Shareholders' Agreement dated as of May 7, 1999, among GS Inc. and the individuals listed on Annex A thereto, as in effect from time to time (the "Shareholders' Agreement"), any other written agreement with GS Inc. or the Firm, the Securities Laws, or any law or regulation or Firm policy (collectively, the "Restrictions"), this Agreement shall not prohibit Pledgor from disposing of Pledged Shares; provided, that such disposition shall be made expressly subject to the pledge and all of GS Inc.'s rights hereunder, that the provisions of this Agreement shall (including Section 1(a)) apply to all proceeds of such disposition and that such disposition shall be permitted only if GS Inc. shall have determined that such disposition will not result in the loss for any period by GS Inc. of the perfection of its first priority security interest in such proceeds; provided, further, that the proceeds of such disposition are cash, Substitute Collateral, Tender or Exchange Offer Consideration or a combination thereof, with an aggregate Fair Market Value on the date of such disposition equal to or greater than the Fair Market Value on such date of the Pledged Shares so disposed; and provided that any such Substitute Collateral or Tender or Exchange Offer Consideration must be acceptable to GS Inc. in its sole and absolute discretion. Pledgor shall give GS Inc. prior written notice of any proposed transaction under this Section 1(c). For purposes of this Agreement, "Tender or Exchange Offer Consideration" means the consideration issuable for Pledged Shares pursuant to any tender or exchange offer that has been approved and recommended by the Board of Directors of GS Inc. in which Pledgor is not prohibited from participating by the Restrictions. Upon the pledge of all -2- such proceeds of such disposition in accordance with the terms of this Section 1(c), the Pledged Shares so disposed shall be released from the pledge hereunder. (d) For purposes of this Agreement, the "Fair Market Value" of any Collateral means, as of any date (1) in the case of Collateral that is a share of Common Stock, the average of the daily closing prices for a share of Common Stock on the New York Stock Exchange composite tape for the 10 consecutive business days before the date in question (the "Average Closing Price"); provided, however, that in connection with any acquisition of ownership by GS Inc. of Collateral under Section 3(a) hereof, the Average Closing Price shall be determined as the average of the daily closing prices for a share of Common Stock on the New York Stock Exchange composite tape for the 10 consecutive business days before the date of any Resolution (as defined in Section 3(b) hereof), and (2) for any Collateral other than Common Stock, the fair market value thereof as determined in good faith by GS Inc. Any good faith determination by GS Inc. of the Fair Market Value of any Collateral will be final and binding on Pledgor. 2. Administration of Collateral. The following provisions shall govern the administration of Collateral: (a) So long as no Payment Event (as defined below) has occurred and is continuing, Pledgor shall (subject to any restrictions imposed under the Shareholders' Agreement) be entitled to vote Common Stock included within the Collateral and to exercise all of Pledgor's rights under the Shareholders' Agreement, if applicable, in respect of any Collateral, and to receive and retain all regular quarterly cash dividends and distributions with respect to such Common Stock and, except as set forth in Section 2(b) below, other distributions thereon and to give consents, waivers and ratifications in respect thereof. From the time a Payment Event has occurred and until a Resolution thereof, (x) GS Inc. may exercise, or refrain from exercising, any and all voting and other consensual rights pertaining to such Common Stock included within the Collateral, and (y) all regular quarterly cash dividends and distributions with respect to such Common Stock shall be included within the Collateral and be subject to the pledge hereunder; provided, however, following the Resolution of such Payment Event, all of Pledgor's rights specified in the preceding sentence shall resume. For purposes of this Agreement, a "Payment Event" shall mean a claim by GS Inc. that Pledgor has failed to perform his Obligations under Section 16 of the Partner Agreement or has breached his Obligations under Sections 7, 8, 9 or 14 of the Partner Agreement. (b) If Pledgor becomes entitled to receive, or receives, any certificate representing Pledged Shares (or other security that may succeed any of the Collateral or any security issued as a dividend or distribution in respect of any of the Collateral) in respect of any stock split, reverse stock split, stock dividend, spinoff, splitup, merger or other combination, exchange or distribution in connection with any reclassification, increase or reduction of capital, in each case, with respect to such Collateral, Pledgor agrees to accept the same as GS Inc.'s agent and to hold the same in trust on behalf of and for the benefit of GS Inc. and to deliver the same forthwith to GS Inc. in the exact -3- form received, with the endorsement of Pledgor (when deemed necessary or appropriate by GS Inc.) of undated security transfer powers duly executed in blank and such other Control Documents as GS Inc. may reasonably deem necessary or appropriate, to be held by GS Inc., subject to the terms of this Agreement, as additional collateral security for the performance of the Obligations. (c) Pledgor hereby agrees that GS Inc. is authorized to hold the Collateral through JPMorgan Chase Bank, as custodian, or one or more successor custodians as GS Inc. may designate in its sole discretion. GS Inc. and its agents (and its and their assigns) shall have no obligation in respect of the Collateral, except to hold and either to acquire ownership of or otherwise to dispose of the same in accordance with the terms of this Agreement. With respect to any Collateral consisting of Substituted Cash, or in the event that Pledgor substitutes cash for Collateral, or disposes of Pledged Shares for cash, as provided in Sections 1(b) or 1(c), as applicable, including in each case any dividends or distributions thereon, such cash shall be invested, in GS Inc.'s sole discretion, in any of the following: (i) obligations issued or guaranteed by the United States of America or any agency or instrumentality thereof; (ii) certificates of deposit of or accounts with national banks or corporations endowed with trust powers having capital and surplus in excess of $100,000,000; (iii) commercial paper at the time of investment rated A-1 by Standard & Poor's Corporation or Prime-1 by Moody's Investor's Service, Inc.; and (iv) obligations issued by any state or municipality of the United States. (d) Pledgor agrees with GS Inc. that: (i) Pledgor will not, and will not purport to, grant or suffer liens or encumbrances against (excluding for such purpose the Shareholders' Agreement), or except as provided in Section 1(b) and Section 1(c), sell, transfer or dispose of, any Collateral other than to or in favor of GS Inc.; (ii) GS Inc. is authorized, at any time and from time to time, to file financing statements and give notice to third parties regarding the Collateral without Pledgor's signature to the extent permitted by applicable law, and, upon the occurrence of a Payment Event, to transfer all or any part of the Collateral to GS Inc.'s name or that of its nominee and, subject to the provisions of Section 2(a), to exercise all rights as if the absolute owner thereof; and (iii) Pledgor has provided GS Inc. with Pledgor's true legal name and principal residence, and Pledgor will not change Pledgor's name without 30 days' prior written notice to GS Inc. (e) Subject to the earlier disposition and application of Collateral pursuant to this Agreement following a Payment Event, (i) all of the Collateral (including -4- cash, Substitute Collateral and Tender or Exchange Offer Consideration previously received in respect of any Pledged Shares), excluding Retained Collateral, shall be released from the pledge hereunder, and the lien hereby created in such Collateral shall simultaneously be released on the date which is 18 months after the Closing Date (the "Initial Release Date"), (ii) the 25% Collateral, excluding Collateral with an aggregate Fair Market Value on the Final Release Date equal to the aggregate Payment Amounts (the "Final Reserved Collateral") in respect of any pending claims by GS Inc. against Pledgor as of the Final Release Date under Section 16 of the Partner Agreement or relating to a breach by Pledgor of his Obligations under Sections 7, 8, 9 or 14 of the Partner Agreement (a "Pending Final Claim"), shall be released from the pledge hereunder, and the lien hereby created in such Collateral shall simultaneously be released upon the earliest to occur of (A) Pledgor's death (which, if such death occurs prior to the Initial Release Date, shall be deemed, for purposes of this clause (A), to have occurred on the Initial Release Date) and (B) the later of (x) ten years from the Closing Date, (y) two years following the date of termination of the Employment Period and (z) the termination of the Consulting Period (the date of such occurrence, the "Final Release Date"), (iii) the Initial Reserved Collateral in respect of any particular Pending Initial Claim shall, to the extent such Initial Reserved Collateral is not used to satisfy such Pending Initial Claim pursuant to a Resolution, be released promptly following such Resolution and the satisfaction in full of such Pending Initial Claim from the Initial Reserved Collateral and (iv) the Final Reserved Collateral in respect of any particular Pending Final Claim shall, to the extent such Final Reserved Collateral is not used to satisfy such Pending Final Claim pursuant to a Resolution, be released promptly following such Resolution and the satisfaction in full of such Pending Final Claim from the Final Reserved Collateral. Except as expressly provided for in this Section 2(e) above, no Collateral shall be released from the pledge hereunder pursuant to this Section 2(e) and this Agreement shall not terminate, if there are one or more pending disputes between Pledgor and GS Inc. as to the occurrence of a Payment Event or as to the right of GS Inc. or the Firm to exercise its remedies under this Agreement or the Partner Agreement, including realization against Collateral in accordance with Section 3 hereof, and this Agreement shall not terminate until the resolution of all such disputes. For purposes of this Agreement, the following terms shall have the meanings set forth below: "25% Collateral" shall mean such number of Pledged Shares equal to 25% of the aggregate number of shares of Common Stock received by Pledgor as part of the Closing Consideration or, to the extent that the Pledged Shares remaining represent fewer than 25% of the aggregate number of shares of Common Stock received by Pledgor as part of the Closing Consideration (the "25% Reserve"), all of the Pledged Shares, if any, remaining together with such additional Collateral that together with such remaining Pledged Shares, if any, have a Fair Market Value as of the Initial Release Date equal to the Fair Market Value as of the Initial Release Date of Common Stock that would represent the 25% Reserve. -5- "Retained Collateral" shall mean the sum of (x) the 25% Collateral and (y) Collateral with an aggregate Fair Market Value on the Initial Release Date equal to the aggregate Payment Amounts (the "Initial Reserved Collateral") in respect of any pending claims, if any, by GS Inc. against Pledgor as of the Initial Release Date relating to any of Pledgor's Obligations under Sections 7, 8, 9, 14 or 16 of the Partner Agreement (a "Pending Initial Claim"). "Payment Amounts" shall mean Acquiror's reasonable estimate of any amounts in respect of any claim by GS Inc. against Pledgor under Section 16 of the Partner Agreement or Pledgor's breach of his Obligations under Sections 7, 8, 9 or 14 of the Partner Agreement. (f) GS Inc. shall promptly upon request by Pledgor execute and deliver to Pledgor such instruments, deeds, transfers, assurances and agreements, in form and substance as Pledgor shall reasonably request, including the withdrawal or termination of any financing statements and amendments thereto, or the filing, withdrawal, termination or amendment of any other document required under applicable law to evidence the termination of the security interest created hereunder with respect to any securities that are released from the pledge hereunder in accordance with the provisions of this Agreement. At any time on or after the date of termination of Pledgor's employment with the Firm, Pledgor may substitute, or dispose of, any Pledged Shares included in the 25% Collateral in accordance with the provisions of Section 1(b) or 1(c), as applicable. 3. Remedies in Case of a Payment Event. (a) If a Payment Event has occurred and is continuing, GS Inc. shall have the rights and remedies of a secured party under Article 9 of the UCC. To the extent required by applicable law, GS Inc. will give Pledgor notice of the time and place of any public sale or of the time after which any private sale or other disposition of Collateral is to be made, by sending notice at least three days before the time of sale or disposition, which Pledgor hereby agrees is reasonable. Pledgor acknowledges the possibility that the public sale of some or all securities included within such Collateral by GS Inc. may not be made without a then existing and effective registration statement under the Securities Act. Pledgor acknowledges and agrees with GS Inc. that GS Inc. has no affirmative obligation to prepare or keep effective any such registration statement and agrees that at any private sale such Collateral may be sold at a price that is less than the price which might have been obtained at a public sale or that is less than the aggregate outstanding amount in respect of the Payment Amounts. For so long as the Collateral consists of (x) cash or (y) securities of a type customarily sold in a recognized market or which are the subject of widely distributed standard price quotations, following a Payment Event GS Inc. may (and if the Collateral in question is Common Stock, GS Inc. shall), as its remedy hereunder, purchase full ownership and possession of such Collateral as are necessary (based upon the Fair Market Value thereof in accordance with Section 9-610(c)(2) of the UCC) to satisfy the then unpaid portion of the Payment Amounts -6- (without payment of any cash consideration) by giving written notice to Pledgor (the "Enforcement Notice"). Effective upon the giving of the Enforcement Notice, and without further action on the part of the parties to this Agreement, GS Inc. shall be deemed to have (1) acquired ownership and disposed of the lesser of (A) all Collateral or (B) such Collateral as has a Fair Market Value at least equal to the then unpaid Payment Amounts (or, in the case of a claim under Section 16 of the Partner Agreement, Pledgor's pro rata share, determined on the basis of Pledgor's percentage interest in the partnership interests of New Ayco, of such Payment Amounts); and (2) received proceeds in the amount of the Fair Market Value of such Collateral and applied such proceeds to the payment of any then Payment Amounts (or, in the case of a claim under Section 16 of the Partner Agreement, Pledgor's pro rata share, determined on the basis of Pledgor's percentage interest in the partnership interests of New Ayco, of such Payment Amounts). Any excess net proceeds from the deemed sale of such Collateral will continue to be held as Collateral under this Agreement until such net proceeds are released in accordance with Section 2(e). Except with respect to Collateral consisting of Common Stock, nothing in this Agreement, however, shall require the Firm to acquire ownership of Collateral in accordance with this Section 3(a) in order to satisfy Pledgor's obligation to pay the Payment Amounts. Notwithstanding the foregoing, GS Inc. may not with respect to any Enforcement Notice dispose of any Collateral until, whether by public or private sale, there has been a Resolution of the claim that resulted in such Enforcement Notice, (i) in the case of a Resolution pursuant to clause (i)(A) or (ii)(A) under Section 3(b) below, the time of such Resolution and, (ii) in the case of a Resolution pursuant to clause (i)(B) or (ii)(B) under Section 3(b) below, after 5 days from such Resolution if such claim has not been settled in full in cash as permitted under Section 9.01(b) of the Purchase Agreement within such 5 days. (b) For purposes of this Agreement, a "Resolution" of a particular claim shall consist of one or more of the following: (i) with respect to a claim that Pledgor has failed to perform his Obligations under Section 16 of the Partner Agreement, the receipt by GS Inc. of (A) the written agreement or confirmation of the Company Representatives (as defined in the Purchase Agreement) to pay all or some portion of the Payment Amounts or (B) a final, non-appealable judgment, order or decree issued by a court of competent jurisdiction compelling Pledgor to pay all or some portion of the Payment Amounts; or (ii) with respect to a claim that Pledgor has breached his Obligations under Sections 7, 8, 9 or 14 of the Partner Agreement, the receipt by GS Inc. of (A) the written agreement or confirmation of Pledgor to pay all or some portion of the Payment Amounts or (B) a final, non-appealable award of an arbitration tribunal appointed pursuant to Section 20 of the Partner Agreement or a final, non-appealable judgment, order or decree issued by a court of competent jurisdiction compelling Pledgor to pay all or some portion of the Payment Amounts. -7- (c) Any portion of the Payment Amounts in excess of the amounts specified for payment in any Resolution will continue to be held as Collateral under this Agreement until released in accordance with Section 2(e). 4. Pledgor's Obligations Not Affected. Except as provided in Section 9(b), the obligations of Pledgor under this Agreement shall remain in full force and effect without regard to, and shall not be impaired or affected by (a) any subordination, amendment or modification of or addition or supplement to this Agreement, the Partner Agreement, the Purchase Agreement or any assignment or transfer thereof; (b) any exercise or non-exercise by GS Inc. of any right, remedy, power or privilege under or in respect of this Agreement, the Partner Agreement, Purchase Agreement or any waiver of any such right, remedy, power or privilege; (c) any waiver, consent, extension, indulgence or other action or inaction in respect of this Agreement, the Partner Agreement, Purchase Agreement or any assignment or transfer of any thereof; (d) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like, of GS Inc., whether or not Pledgor shall have notice or knowledge of any of the foregoing; (e) any substitution of Collateral pursuant to Sections 1(b) or 1(c); or (f) any other act or omission to act or delay of any kind by Pledgor, GS Inc. or any other person or any other circumstance whatsoever which might, but for the provisions of this clause (f), constitute a legal and equitable discharge of Pledgor's obligations hereunder. 5. Attorneys-in-Fact. Each of GS Inc., and each General Counsel (or co-General Counsel) of GS Inc. from time to time, acting separately, are hereby appointed the attorneys-in-fact of Pledgor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that GS Inc. reasonably may deem necessary or advisable to accomplish the purposes hereof, which appointments as attorneys-in-fact are irrevocable as ones coupled with an interest. 6. Termination. This Agreement shall terminate upon the release of all Collateral from the pledge hereunder as provided for in Section 2(e) hereof, and following any such termination, GS Inc. shall return to Pledgor the remaining Collateral, except as otherwise provided in this Agreement. 7. Notices. All notices or other communications required or permitted to be given hereunder shall be delivered as provided in the Partner Agreement. 8. No Third Party Beneficiaries. Except as expressly provided herein, this Agreement shall not confer on any person other than the Firm and Pledgor any rights or remedies hereunder. 9. Miscellaneous. (a) This Agreement, the Partner Agreement and the Purchase Agreement contain the entire understanding and agreement between Pledgor and GS Inc. -8- with respect to the matters expressly covered therein and supersede any other agreement, written or oral, pertaining to such matters. (b) This Agreement may not be amended or modified other than by a written agreement executed by Pledgor and GS Inc. or its successors, nor may any provision hereof be waived other than by a writing executed by Pledgor or GS Inc. or its successors; provided, that any waiver, amendment or modification of any of the provisions of this Agreement will not be effective against the Firm without the written consent of GS Inc. or its successors, or such individual's designee. Pledgor may not, directly or indirectly (including by operation of law), assign Pledgor's rights or obligations hereunder without the prior written consent of GS Inc. or its successors and any purported assignment by Pledgor in violation of this Agreement shall be void. This Agreement shall be binding upon Pledgor's permitted successors and assigns. Without impairing Pledgor's obligations hereunder, GS Inc. may at any time and from time to time assign its rights and obligations hereunder to any of its subsidiaries or affiliates (and have such rights and obligations reassigned to it or to any other subsidiary or affiliate). This Agreement shall be binding upon and inure to the benefit of the Firm and its assigns. (c) If any provision of this Agreement is finally held to be invalid, illegal or unenforceable (whether in whole or in part), such provision shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality or unenforceability and the remaining provisions shall not be affected thereby. (d) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS, AND SHALL BE SUBJECT TO THE PROVISIONS OF SECTIONS 20, 21 AND 22 OF THE PARTNER AGREEMENT. (e) The captions in this Agreement are for convenience of reference only and shall not define or limit the provisions hereof. (f) This Agreement may be executed (including by facsimile transmission) in one or more separate counterparts, each of which shall be deemed an original and all such counterparts together shall constitute one and the same instrument. -9- IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered on the date first above written. THE GOLDMAN SACHS GROUP, INC. By: /s/ Elizabeth E. Beshel ----------------------------------- Name: Elizabeth E. Beshel Title: Authorized Person PLEDGOR By: /s/ John Breyo ----------------------------------- Name: John Breyo Address: -----END PRIVACY-ENHANCED MESSAGE-----