-----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, RvU87HYQT7g9ayxjuzPKNhPQ25eHBI/rzVeQstXkYjacLHp2muBp4JGmWvRNtdHk fuO2ZBuejAxlKZttNYHvTw== 0001193805-03-000598.txt : 20030728 0001193805-03-000598.hdr.sgml : 20030728 20030728172900 ACCESSION NUMBER: 0001193805-03-000598 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20030728 GROUP MEMBERS: DURUS CAPITAL MANAGEMENT (N.A.), LLC GROUP MEMBERS: SCOTT SACANE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AKSYS LTD CENTRAL INDEX KEY: 0000902600 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 363890205 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-49959 FILM NUMBER: 03806747 BUSINESS ADDRESS: STREET 1: TWO MARRIOTT DR STREET 2: STE 300 CITY: LIBERTYVILLE STATE: IL ZIP: 60069 BUSINESS PHONE: 8472476051 MAIL ADDRESS: STREET 1: 1113 S MILWAUKEE AVE STREET 2: SUITE 300 CITY: LIBERTYVILLE STATE: IL ZIP: 60048 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DURUS CAPITAL MANAGEMENT CENTRAL INDEX KEY: 0001166014 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 113 POST RD. EAST CITY: VESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 2033410667 MAIL ADDRESS: STREET 1: 113 POST RD. EAST CITY: WESTPORT STATE: CT ZIP: 06880 SC 13D 1 e300516_durus-sc13d.txt SCHEDULE 13-D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. __)* Aksys Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 010196103 - -------------------------------------------------------------------------------- (CUSIP Number) Scott Sacane William Natbony, Esq. c/o Durus Capital Management, LLC c/o Katten Muchin Zavis Rosenman 20 Marshall Street, ste 320 575 Madison Avenue South Norwalk, CT 06854 New York, New York 10022 (212) 940-6348 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 20, 2002 - -------------------------------------------------------------------------------- (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 |X|. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. - ---------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 010196103 SCHEDULE 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Durus Capital Management, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 21,333,118 shares ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 21,333,118 shares WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,333,118 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 76.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 21 CUSIP No. 010196103 SCHEDULE 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Durus Capital Management (N.A.), LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 498,100 shares ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 498,100 shares WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 498,100 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 21 CUSIP No. 010196103 SCHEDULE 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Scott Sacane - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 21,831,218 shares ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 21,831,218 shares WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,831,118 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 78.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 21 SCHEDULE 13D Item 1. Security and Issuer This Statement on Schedule 13D relates to the Common Stock, par value $.01 per share (the "Common Stock") of Aksys Ltd. (the "Company"), a company organized and existing under the laws of the State of Delaware. The address of the Company's principal executive offices is Two Marriott Drive, Lincolnshire, IL, 60069. Item 2. Identity and Background (a) This Statement is filed as a joint statement pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act") by (i) Durus Capital Management, LLC ("Capital"), a Delaware limited liability company, in respect of shares held by Durus Life Sciences Master Fund Ltd. ("MF"), over which shares Capital has sole voting and dispositive power, (ii) Durus Capital Management (N.A.), LLC ("Management"), in respect of shares held by Artal Long Biotech Portfolio LLC ("Artal"), over which shares Management has sole voting and dispositive power, and (iii) Scott Sacane, the Managing Member of Capital and Managing Director of Management (Capital, Mr. Sacane and Management are hereinafter collectively referred to as the "Reporting Persons"). The Reporting Persons are making a group filing because, due to the relationships between them, the Reporting Persons may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the Exchange Act. (b) The address of the principal business and principal office of each of the Reporting Persons is 20 Marshall Street, Suite 320, South Norwalk, CT 06854. (c) The principal business of Capital and Management is that of portfolio manager. The principal business of Mr. Sacane is acting as managing member of Capital. (d) None of the Reporting Persons has during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Reporting Persons has during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect thereto. (f) Mr. Sacane is a citizen of the United States. Item 3. Source and Amount of Funds or Other Consideration. From December 31, 2001 to July 24, 2003, Capital acquired an aggregate of 21,710,401 shares and warrants to purchase 281,454 shares of Common Stock for an aggregate cost of $167,056,985, and sold an aggregate of 658,737 shares for aggregate proceeds of $7,822,188. The source of funds used to purchase such shares was working capital of MF. Page 5 of 21 From May 14, 2003 to July 24, 2003, Management acquired an aggregate of 498,100 shares of Common Stock for an aggregate cost of $4,405,590. The source of funds used to purchase such shares was working capital of Artal. A portion of the shares were purchased in margin accounts maintained with Goldman Sachs and UBS Securities. However, none of such shares are currently maintained in a margin account. Item 4. Purpose of Transaction. The Reporting Persons acquired the shares of Common Stock reported herein, and continue to hold such shares, for investment purposes, with no intention to influence or change the management or other affairs of the Company. On April 11, 2003, Capital and Mr. Sacane entered into an agreement with the Company (a copy of which is attached hereto as Exhibit 1) pursuant to which, among other things, the Company agreed that the "inadvertent acquisition" exemption under the Company's Shareholder Rights Agreement (the "Rights Plan") shall apply to the Reporting Persons and that, accordingly, the Reporting Persons would not be deemed "Acquiring Persons" under the Rights Plan, subject to certain conditions. In July 2003, the Reporting Persons discovered that from April 2003 through July 24 2003, they had inadvertently purchased additional shares of the Company, as reported herein. On July 24, 2003, the Reporting Persons informed the Company that they had inadvertently acquired additional shares. On July 25, 2003, the Company issued a press release in which it disclosed that it is investigating the situation and its implications. The Reporting Persons reserve the right to dispose of shares, in their sole discretion, subject to applicable securities laws and market conditions. Except as otherwise indicated in this report, the Reporting Persons currently have no plans or proposals that relate to any of the matters described in subparagraphs (a) through (j) of Item 4 to Schedule 13D. Item 5. Interest in Securities of the Issuer. (a) The aggregate percentage of the outstanding shares of Common Stock reported owned by each Reporting Person is based upon 27,525,581 shares of Common Stock outstanding as of May 9, 2003, as reported in the Company's quarterly report on Form 10-Q for the period ended March 31, 2003. Page 6 of 21 As of the close of business on July 25, 2003: (i) Capital beneficially owns 21,333,118 shares of Common Stock, consisting of 21,051,664 shares of Common Stock and 281,454 shares of Common Stock issuable upon the exercise of warrants exercisable within the next sixty days. Such shares constitute approximately 76.7% of the shares of Common Stock outstanding; (ii) Management beneficially owns 498,100 shares of Common Stock constituting approximately 1.8% of the shares of Common Stock outstanding; and (iii) As Managing Director and Managing Member of Management and Capital, respectively, Mr. Sacane beneficially owns the 21,831,218 shares of Common Stock that are beneficially owned by Capital and Management. Such shares, in the aggregate, constitute approximately 78.5% of the shares of Common Stock outstanding. (b) Capital and Management each have the sole power to vote or direct the vote and to dispose or to direct the disposition of the shares reported herein as being beneficially owned by such entities, respectively, which power is exercisable in each case by Mr. Sacane as Managing Member of Capital and Managing Director of Management. (c) Set forth below is a description of all reportable transactions in shares of Common Stock that have been effected by the Reporting Persons from July 22, 2002 through July 24, 2003. All such transactions were effected on the open market. Share price information reflects the incurrence of brokerage commissions which generally range from between $0.015 to $0.05 per share. The following transactions were effected by Capital through its exercise of sole voting and dispositive power over the shares held through MF. - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 7/22/2002 Purchase 27,500 $7.559600 - -------------------------------------------------------------------------------- 7/22/2002 Purchase 7,500 $7.480000 - -------------------------------------------------------------------------------- 7/22/2002 Purchase 3,500 $7.416300 - -------------------------------------------------------------------------------- 7/22/2002 Sale 1,600 $7.712869 - -------------------------------------------------------------------------------- 7/23/2002 Purchase 28,380 $7.213600 - -------------------------------------------------------------------------------- 7/23/2002 Purchase 27,400 $7.199400 - -------------------------------------------------------------------------------- 7/23/2002 Purchase 10,000 $7.050000 - -------------------------------------------------------------------------------- 7/24/2002 Purchase 15,748 $6.806600 - -------------------------------------------------------------------------------- 7/24/2002 Purchase 5,000 $7.000000 - -------------------------------------------------------------------------------- 7/24/2002 Purchase 1,500 $6.816000 - -------------------------------------------------------------------------------- 7/25/2002 Purchase 2,200 $6.920000 - -------------------------------------------------------------------------------- 7/25/2002 Purchase 5,000 $6.825000 - -------------------------------------------------------------------------------- 7/26/2002 Purchase 11,900 $7.001500 - -------------------------------------------------------------------------------- 7/26/2002 Purchase 7,500 $7.000000 - -------------------------------------------------------------------------------- 7/29/2002 Purchase 9,188 $6.816500 - -------------------------------------------------------------------------------- 7/29/2002 Purchase 7,500 $6.950000 - -------------------------------------------------------------------------------- 7/30/2002 Purchase 18,000 $6.800000 - -------------------------------------------------------------------------------- 7/30/2002 Purchase 95,601 $6.759700 - -------------------------------------------------------------------------------- 7/31/2002 Purchase 49,069 $6.498500 - -------------------------------------------------------------------------------- 7/31/2002 Purchase 7,500 $6.480000 - -------------------------------------------------------------------------------- 7/31/2002 Purchase 7,500 $6.480000 - -------------------------------------------------------------------------------- 7/31/2002 Purchase 98,400 $6.524200 - -------------------------------------------------------------------------------- 7/31/2002 Purchase 900 $6.470000 - -------------------------------------------------------------------------------- 8/1/2002 Purchase 5,531 $6.059402 - -------------------------------------------------------------------------------- 8/1/2002 Purchase 5,000 $5.999000 - -------------------------------------------------------------------------------- 8/1/2002 Purchase 5,000 $5.999000 - -------------------------------------------------------------------------------- 8/2/2002 Purchase 300 $5.878300 - -------------------------------------------------------------------------------- 8/2/2002 Purchase 5,000 $6.050000 - -------------------------------------------------------------------------------- 8/2/2002 Purchase 5,000 $6.000000 - -------------------------------------------------------------------------------- 8/5/2002 Purchase 1,600 $5.528800 - -------------------------------------------------------------------------------- 8/6/2002 Purchase 10,000 $5.525000 - -------------------------------------------------------------------------------- 8/6/2002 Purchase 2,500 $5.530000 - -------------------------------------------------------------------------------- 8/7/2002 Purchase 16,200 $5.523500 - -------------------------------------------------------------------------------- 8/8/2002 Purchase 10,000 $5.499300 - -------------------------------------------------------------------------------- 8/8/2002 Purchase 50,100 $5.446900 - -------------------------------------------------------------------------------- 8/9/2002 Purchase 400 $5.390000 - -------------------------------------------------------------------------------- 8/9/2002 Purchase 5,000 $5.370000 - -------------------------------------------------------------------------------- 8/12/02 Purchase 4,700 $5.211800 - -------------------------------------------------------------------------------- 8/12/02 Purchase 5,000 $5.100000 - -------------------------------------------------------------------------------- 8/13/02 Purchase 6,600 $5.025000 - -------------------------------------------------------------------------------- 8/14/02 Purchase 700 $5.025000 - -------------------------------------------------------------------------------- 8/14/02 Purchase 5,000 $5.500000 - -------------------------------------------------------------------------------- 8/15/02 Purchase 5,000 $5.570000 - -------------------------------------------------------------------------------- 8/15/02 Purchase 700 $5.415000 - -------------------------------------------------------------------------------- 8/15/02 Purchase 2,500 $5.390000 - -------------------------------------------------------------------------------- 8/16/02 Purchase 12,600 $5.445900 - -------------------------------------------------------------------------------- 8/19/02 Purchase 2,000 $5.295000 - -------------------------------------------------------------------------------- 8/19/02 Purchase 5,000 $5.300000 - -------------------------------------------------------------------------------- 8/19/02 Purchase 5,000 $5.300000 - -------------------------------------------------------------------------------- 8/20/02 Purchase 100 $5.305000 - -------------------------------------------------------------------------------- 8/21/02 Purchase 5,000 $5.440000 - -------------------------------------------------------------------------------- 8/21/02 Purchase 5,000 $5.440000 - -------------------------------------------------------------------------------- 8/21/02 Purchase 4,400 $5.464300 - -------------------------------------------------------------------------------- 8/21/02 Purchase 2,000 $5.427500 - -------------------------------------------------------------------------------- 8/22/02 Purchase 5,940 $5.466500 - -------------------------------------------------------------------------------- 8/22/02 Purchase 4,060 $5.690000 - -------------------------------------------------------------------------------- 8/22/02 Purchase 3,200 $5.497500 - -------------------------------------------------------------------------------- 8/23/02 Purchase 9,800 $5.650000 - -------------------------------------------------------------------------------- 8/23/02 Purchase 3,999 $5.665001 - -------------------------------------------------------------------------------- 8/26/02 Purchase 5,300 $5.696600 - -------------------------------------------------------------------------------- 8/26/02 Purchase 4,100 $5.605200 - -------------------------------------------------------------------------------- 8/27/02 Purchase 1,866 $5.664202 - -------------------------------------------------------------------------------- Page 7 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 8/27/02 Purchase 5,100 $5.743400 - -------------------------------------------------------------------------------- 8/27/02 Purchase 5,000 $5.700000 - -------------------------------------------------------------------------------- 8/27/02 Purchase 5,000 $5.700000 - -------------------------------------------------------------------------------- 8/28/02 Purchase 5,737 $5.655200 - -------------------------------------------------------------------------------- 8/28/02 Purchase 6,300 $5.646700 - -------------------------------------------------------------------------------- 8/29/02 Purchase 1,700 $5.690600 - -------------------------------------------------------------------------------- 8/29/02 Purchase 3,200 $5.656200 - -------------------------------------------------------------------------------- 8/30/02 Purchase 1,956 $5.770302 - -------------------------------------------------------------------------------- 8/30/02 Purchase 5,760 $5.879500 - -------------------------------------------------------------------------------- 8/30/02 Purchase 5,000 $6.230000 - -------------------------------------------------------------------------------- 8/30/02 Purchase 5,000 $6.230000 - -------------------------------------------------------------------------------- 8/30/02 Purchase 5,000 $6.230000 - -------------------------------------------------------------------------------- 9/3/02 Purchase 13,408 $6.019800 - -------------------------------------------------------------------------------- 9/3/02 Purchase 7,800 $6.014700 - -------------------------------------------------------------------------------- 9/4/02 Purchase 7,550 $5.985701 - -------------------------------------------------------------------------------- 9/4/02 Purchase 7,500 $6.530000 - -------------------------------------------------------------------------------- 9/4/02 Purchase 6,000 $5.825000 - -------------------------------------------------------------------------------- 9/5/02 Purchase 22,800 $6.103400 - -------------------------------------------------------------------------------- 9/5/02 Purchase 7,500 $6.020000 - -------------------------------------------------------------------------------- 9/5/02 Purchase 28,300 $6.111600 - -------------------------------------------------------------------------------- 9/6/02 Purchase 5,400 $6.127300 - -------------------------------------------------------------------------------- 9/6/02 Purchase 7,500 $6.240000 - -------------------------------------------------------------------------------- 9/6/02 Purchase 56,500 $6.057400 - -------------------------------------------------------------------------------- 9/6/02 Sale 1,200 $6.274808 - -------------------------------------------------------------------------------- 9/9/02 Purchase 11,000 $6.136400 - -------------------------------------------------------------------------------- 9/9/02 Purchase 11,200 $6.127000 - -------------------------------------------------------------------------------- 9/10/02 Purchase 31,500 $6.136400 - -------------------------------------------------------------------------------- 9/10/02 Purchase 18,000 $6.132600 - -------------------------------------------------------------------------------- 9/11/02 Purchase 16,000 $6.052500 - -------------------------------------------------------------------------------- 9/11/02 Purchase 13,500 $6.025500 - -------------------------------------------------------------------------------- 9/12/02 Purchase 4,323 $5.974099 - -------------------------------------------------------------------------------- 9/12/02 Purchase 5,000 $5.970000 - -------------------------------------------------------------------------------- 9/12/02 Purchase 45,000 $6.008900 - -------------------------------------------------------------------------------- 9/12/02 Sale 1,700 $5.824824 - -------------------------------------------------------------------------------- 9/13/02 Purchase 4,432 $5.867101 - -------------------------------------------------------------------------------- 9/13/02 Purchase 5,000 $5.890000 - -------------------------------------------------------------------------------- 9/13/02 Purchase 11,000 $5.924100 - -------------------------------------------------------------------------------- 9/13/02 Sale 1,100 $5.909818 - -------------------------------------------------------------------------------- 9/16/02 Purchase 6,000 $5.878300 - -------------------------------------------------------------------------------- 9/16/02 Purchase 22,900 $5.875300 - -------------------------------------------------------------------------------- 9/16/02 Sale 1,800 $5.832322 - -------------------------------------------------------------------------------- 9/17/02 Purchase 13,700 $5.814000 - -------------------------------------------------------------------------------- 9/17/02 Purchase 23,000 $5.850400 - -------------------------------------------------------------------------------- 9/17/02 Sale 900 $5.791522 - -------------------------------------------------------------------------------- 9/18/02 Purchase 9,887 $5.719600 - -------------------------------------------------------------------------------- 9/18/02 Purchase 14,900 $5.747000 - -------------------------------------------------------------------------------- 9/18/02 Purchase 2,500 $5.730000 - -------------------------------------------------------------------------------- 9/19/02 Purchase 25,400 $5.763600 - -------------------------------------------------------------------------------- 9/19/02 Purchase 33,700 $5.739300 - -------------------------------------------------------------------------------- 9/20/02 Purchase 22,920 $5.661800 - -------------------------------------------------------------------------------- 9/20/02 Purchase 22,000 $5.800000 - -------------------------------------------------------------------------------- 9/20/02 Purchase 19,100 $5.658200 - -------------------------------------------------------------------------------- Page 8 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 9/20/02 Purchase 10,000 $5.590000 - -------------------------------------------------------------------------------- 9/23/02 Purchase 50,509 $5.558800 - -------------------------------------------------------------------------------- 9/23/02 Purchase 20,700 $5.563400 - -------------------------------------------------------------------------------- 9/24/02 Purchase 63,200 $5.533800 - -------------------------------------------------------------------------------- 9/24/02 Purchase 48,600 $5.503800 - -------------------------------------------------------------------------------- 9/25/02 Purchase 14,700 $5.536700 - -------------------------------------------------------------------------------- 9/25/02 Purchase 20,600 $5.490900 - -------------------------------------------------------------------------------- 9/25/02 Sale 900 $5.479833 - -------------------------------------------------------------------------------- 9/26/02 Purchase 7,800 $5.466300 - -------------------------------------------------------------------------------- 9/27/02 Purchase 1,400 $5.420000 - -------------------------------------------------------------------------------- 9/27/02 Purchase 8,400 $5.432800 - -------------------------------------------------------------------------------- 9/30/02 Purchase 8,575 $5.470000 - -------------------------------------------------------------------------------- 9/30/02 Purchase 35,000 $5.610000 - -------------------------------------------------------------------------------- 9/30/02 Purchase 12,500 $5.466800 - -------------------------------------------------------------------------------- 9/30/02 Sale 13,600 $5.449935 - -------------------------------------------------------------------------------- 10/1/02 Purchase 11,400 $5.468800 - -------------------------------------------------------------------------------- 10/2/02 Purchase 20,500 $5.329300 - -------------------------------------------------------------------------------- 10/2/02 Purchase 19,400 $5.347800 - -------------------------------------------------------------------------------- 10/3/02 Purchase 32,700 $5.222800 - -------------------------------------------------------------------------------- 10/3/02 Purchase 10,900 $5.235300 - -------------------------------------------------------------------------------- 10/4/02 Purchase 82,000 $5.063200 - -------------------------------------------------------------------------------- 10/4/02 Purchase 10,000 $5.035000 - -------------------------------------------------------------------------------- 10/4/02 Purchase 50,300 $5.070600 - -------------------------------------------------------------------------------- 10/4/02 Purchase 13,250 $5.129900 - -------------------------------------------------------------------------------- 10/4/02 Purchase 6,000 $5.039700 - -------------------------------------------------------------------------------- 10/7/02 Purchase 25,000 $5.173200 - -------------------------------------------------------------------------------- 10/7/02 Purchase 27,925 $5.100700 - -------------------------------------------------------------------------------- 10/7/02 Purchase 5,000 $5.065000 - -------------------------------------------------------------------------------- 10/8/02 Purchase 20,000 $5.080900 - -------------------------------------------------------------------------------- 10/8/02 Purchase 18,267 $5.041200 - -------------------------------------------------------------------------------- 10/8/02 Purchase 10,000 $5.000000 - -------------------------------------------------------------------------------- 10/8/02 Purchase 13,000 $5.000700 - -------------------------------------------------------------------------------- 10/8/02 Sale 1,300 $4.964846 - -------------------------------------------------------------------------------- 10/8/02 Sale 5,100 $4.969849 - -------------------------------------------------------------------------------- 10/9/02 Purchase 10,000 $4.960000 - -------------------------------------------------------------------------------- 10/9/02 Purchase 5,700 $5.015000 - -------------------------------------------------------------------------------- 10/9/02 Purchase 15,000 $5.140000 - -------------------------------------------------------------------------------- 10/9/02 Purchase 14,500 $5.014200 - -------------------------------------------------------------------------------- 10/10/2002 Purchase 35,650 $4.964200 - -------------------------------------------------------------------------------- 10/10/2002 Purchase 10,000 $5.012700 - -------------------------------------------------------------------------------- 10/10/2002 Purchase 55,000 $4.976800 - -------------------------------------------------------------------------------- 10/10/2002 Purchase 10,000 $5.007300 - -------------------------------------------------------------------------------- 10/10/2002 Sale 2,000 $4.934850 - -------------------------------------------------------------------------------- 10/11/2002 Purchase 25,000 $4.965000 - -------------------------------------------------------------------------------- 10/11/2002 Purchase 10,000 $4.945000 - -------------------------------------------------------------------------------- 10/11/2002 Purchase 31,300 $4.954100 - -------------------------------------------------------------------------------- 10/14/2002 Purchase 11,600 $4.766000 - -------------------------------------------------------------------------------- 10/14/2002 Purchase 5,000 $4.915000 - -------------------------------------------------------------------------------- 10/14/2002 Sale 11,000 $4.709857 - -------------------------------------------------------------------------------- 10/15/2002 Purchase 40,500 $4.905900 - -------------------------------------------------------------------------------- 10/15/2002 Purchase 15,000 $5.000000 - -------------------------------------------------------------------------------- 10/15/2002 Purchase 10,000 $5.022200 - -------------------------------------------------------------------------------- Page 9 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 10/16/2002 Purchase 34,324 $5.034500 - -------------------------------------------------------------------------------- 10/16/2002 Purchase 6,000 $5.120000 - -------------------------------------------------------------------------------- 10/16/2002 Sale 3,400 $5.029847 - -------------------------------------------------------------------------------- 10/17/2002 Purchase 5,000 $5.000000 - -------------------------------------------------------------------------------- 10/17/2002 Purchase 11,000 $4.921400 - -------------------------------------------------------------------------------- 10/17/2002 Purchase 70,947 $4.927700 - -------------------------------------------------------------------------------- 10/18/2002 Purchase 96,000 $4.664700 - -------------------------------------------------------------------------------- 10/18/2002 Purchase 25,000 $4.750000 - -------------------------------------------------------------------------------- 10/18/2002 Purchase 10,000 $4.710000 - -------------------------------------------------------------------------------- 10/18/2002 Purchase 5,000 $4.636000 - -------------------------------------------------------------------------------- 10/18/2002 Purchase 75,000 $4.668000 - -------------------------------------------------------------------------------- 10/18/2002 Purchase 40,000 $4.717000 - -------------------------------------------------------------------------------- 10/21/2002 Purchase 58,316 $4.468600 - -------------------------------------------------------------------------------- 10/21/2002 Purchase 16,000 $4.471900 - -------------------------------------------------------------------------------- 10/21/2002 Purchase 2,500 $4.520000 - -------------------------------------------------------------------------------- 10/21/2002 Purchase 5,000 $4.435000 - -------------------------------------------------------------------------------- 10/22/2002 Purchase 32,100 $4.423600 - -------------------------------------------------------------------------------- 10/22/2002 Purchase 15,000 $4.400000 - -------------------------------------------------------------------------------- 10/22/2002 Purchase 14,600 $4.405500 - -------------------------------------------------------------------------------- 10/23/2002 Purchase 7,500 $4.263300 - -------------------------------------------------------------------------------- 10/23/2002 Purchase 10,000 $4.379800 - -------------------------------------------------------------------------------- 10/23/2002 Purchase 42,500 $4.140600 - -------------------------------------------------------------------------------- 10/24/2002 Purchase 70,200 $4.009100 - -------------------------------------------------------------------------------- 10/25/2002 Purchase 32,100 $3.908100 - -------------------------------------------------------------------------------- 10/25/2002 Purchase 15,000 $3.890000 - -------------------------------------------------------------------------------- 10/28/2002 Purchase 5,000 $3.850000 - -------------------------------------------------------------------------------- 10/28/2002 Purchase 5,000 $3.866200 - -------------------------------------------------------------------------------- 10/28/2002 Purchase 16,200 $3.859900 - -------------------------------------------------------------------------------- 10/28/2002 Purchase 23,565 $3.886000 - -------------------------------------------------------------------------------- 10/29/2002 Purchase 15,000 $3.900000 - -------------------------------------------------------------------------------- 10/29/2002 Purchase 16,100 $3.893000 - -------------------------------------------------------------------------------- 10/29/2002 Purchase 2,500 $3.934000 - -------------------------------------------------------------------------------- 10/30/2002 Purchase 5,070 $3.935899 - -------------------------------------------------------------------------------- 10/30/2002 Purchase 5,000 $3.900000 - -------------------------------------------------------------------------------- 10/30/2002 Purchase 100 $3.915000 - -------------------------------------------------------------------------------- 10/31/2002 Purchase 4,000 $4.052500 - -------------------------------------------------------------------------------- 10/31/2002 Purchase 3,800 $4.042600 - -------------------------------------------------------------------------------- 10/31/2002 Purchase 10,000 $4.000000 - -------------------------------------------------------------------------------- 11/1/2002 Purchase 15,500 $4.024200 - -------------------------------------------------------------------------------- 11/1/2002 Purchase 9,000 $3.990200 - -------------------------------------------------------------------------------- 11/1/2002 Purchase 10,000 $4.000000 - -------------------------------------------------------------------------------- 11/4/2002 Purchase 3,750 $4.053301 - -------------------------------------------------------------------------------- 11/4/2002 Purchase 2,100 $4.041700 - -------------------------------------------------------------------------------- 11/5/2002 Purchase 5,500 $4.000700 - -------------------------------------------------------------------------------- 11/5/2002 Purchase 5,600 $3.959100 - -------------------------------------------------------------------------------- 11/6/2002 Purchase 1,400 $3.972900 - -------------------------------------------------------------------------------- 11/6/2002 Purchase 5,000 $3.810000 - -------------------------------------------------------------------------------- 11/6/2002 Purchase 5,600 $3.815000 - -------------------------------------------------------------------------------- 11/7/2002 Purchase 6,527 $3.822700 - -------------------------------------------------------------------------------- 11/7/2002 Purchase 3,000 $3.822700 - -------------------------------------------------------------------------------- 11/8/2002 Purchase 13,100 $3.685600 - -------------------------------------------------------------------------------- 11/11/2002 Purchase 500 $3.680000 - -------------------------------------------------------------------------------- Page 10 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 11/13/2002 Purchase 1,000 $4.055000 - -------------------------------------------------------------------------------- 11/15/2002 Purchase 16,750 $4.700000 - -------------------------------------------------------------------------------- 11/15/2002 Purchase 9,800 $4.665000 - -------------------------------------------------------------------------------- 11/15/2002 Purchase 350 $4.685000 - -------------------------------------------------------------------------------- 11/18/2002 Purchase 3,500 $4.443400 - -------------------------------------------------------------------------------- 11/18/2002 Purchase 23,528 $4.551000 - -------------------------------------------------------------------------------- 11/19/2002 Purchase 10,100 $4.323800 - -------------------------------------------------------------------------------- 11/19/2002 Purchase 7,975 $4.373401 - -------------------------------------------------------------------------------- 11/20/2002 Purchase 6,500 $4.386500 - -------------------------------------------------------------------------------- 11/20/2002 Purchase 3,600 $4.322200 - -------------------------------------------------------------------------------- 11/20/2002 Purchase 7,500 $4.500000 - -------------------------------------------------------------------------------- 11/21/2002 Purchase 8,347 $4.594200 - -------------------------------------------------------------------------------- 11/21/2002 Purchase 7,500 $4.530000 - -------------------------------------------------------------------------------- 11/21/2002 Purchase 5,000 $4.541800 - -------------------------------------------------------------------------------- 11/21/2002 Purchase 100 $4.485000 - -------------------------------------------------------------------------------- 11/22/2002 Purchase 800 $4.494800 - -------------------------------------------------------------------------------- 11/22/2002 Purchase 500 $4.563000 - -------------------------------------------------------------------------------- 11/22/2002 Purchase 2,625 $4.538099 - -------------------------------------------------------------------------------- 11/25/2002 Purchase 1,000 $4.515000 - -------------------------------------------------------------------------------- 11/25/2002 Purchase 1,200 $4.550800 - -------------------------------------------------------------------------------- 11/26/2002 Purchase 300 $4.957000 - -------------------------------------------------------------------------------- 11/27/2002 Purchase 1,800 $5.026100 - -------------------------------------------------------------------------------- 11/27/2002 Purchase 5,750 $5.160600 - -------------------------------------------------------------------------------- 11/29/2002 Purchase 2,800 $5.535000 - -------------------------------------------------------------------------------- 11/29/2002 Purchase 1,062 $5.557100 - -------------------------------------------------------------------------------- 12/2/2002 Purchase 5,000 $5.295000 - -------------------------------------------------------------------------------- 12/2/2002 Purchase 29,700 $5.322100 - -------------------------------------------------------------------------------- 12/2/2002 Purchase 16,650 $5.539000 - -------------------------------------------------------------------------------- 12/3/2002 Purchase 11,700 $5.196300 - -------------------------------------------------------------------------------- 12/3/2002 Purchase 13,430 $5.199100 - -------------------------------------------------------------------------------- 12/4/2002 Purchase 5,600 $5.131300 - -------------------------------------------------------------------------------- 12/4/2002 Purchase 10,000 $5.260000 - -------------------------------------------------------------------------------- 12/4/2002 Purchase 300 $5.125000 - -------------------------------------------------------------------------------- 12/4/2002 Purchase 5,900 $5.135300 - -------------------------------------------------------------------------------- 12/5/2002 Purchase 24,099 $5.250100 - -------------------------------------------------------------------------------- 12/5/2002 Purchase 7,500 $5.280000 - -------------------------------------------------------------------------------- 12/5/2002 Purchase 22,000 $5.198700 - -------------------------------------------------------------------------------- 12/6/2002 Purchase 3,600 $5.297800 - -------------------------------------------------------------------------------- 12/6/2002 Purchase 5,000 $5.220000 - -------------------------------------------------------------------------------- 12/6/2002 Purchase 1,400 $5.305700 - -------------------------------------------------------------------------------- 12/9/2002 Purchase 9,451 $5.275001 - -------------------------------------------------------------------------------- 12/9/2002 Purchase 8,200 $5.252800 - -------------------------------------------------------------------------------- 12/10/2002 Purchase 1,500 $5.353700 - -------------------------------------------------------------------------------- 12/10/2002 Purchase 2,392 $5.323102 - -------------------------------------------------------------------------------- 12/11/2002 Purchase 10,635 $5.477400 - -------------------------------------------------------------------------------- 12/11/2002 Purchase 9,300 $5.486600 - -------------------------------------------------------------------------------- 12/12/2002 Purchase 3,250 $5.696200 - -------------------------------------------------------------------------------- 12/12/2002 Purchase 3,000 $5.680000 - -------------------------------------------------------------------------------- 12/12/2002 Purchase 7,000 $5.693000 - -------------------------------------------------------------------------------- 12/13/2002 Purchase 38,300 $5.701200 - -------------------------------------------------------------------------------- 12/13/2002 Purchase 9,914 $5.701100 - -------------------------------------------------------------------------------- 12/16/2002 Purchase 10,000 $5.750000 - -------------------------------------------------------------------------------- Page 11 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 12/16/2002 Purchase 7,500 $5.770000 - -------------------------------------------------------------------------------- 12/16/2002 Purchase 10,000 $5.980000 - -------------------------------------------------------------------------------- 12/16/2002 Purchase 23,050 $5.737200 - -------------------------------------------------------------------------------- 12/16/2002 Purchase 63,400 $5.755100 - -------------------------------------------------------------------------------- 12/17/2002 Purchase 16,630 $5.868100 - -------------------------------------------------------------------------------- 12/17/2002 Purchase 22,200 $5.885000 - -------------------------------------------------------------------------------- 12/18/2002 Purchase 2,000 $5.750000 - -------------------------------------------------------------------------------- 12/18/2002 Purchase 32,800 $5.814800 - -------------------------------------------------------------------------------- 12/18/2002 Purchase 29,360 $5.838300 - -------------------------------------------------------------------------------- 12/18/2002 Purchase 8,000 $5.800000 - -------------------------------------------------------------------------------- 12/19/2002 Purchase 27,199 $5.748300 - -------------------------------------------------------------------------------- 12/19/2002 Purchase 10,000 $5.800000 - -------------------------------------------------------------------------------- 12/19/2002 Purchase 2,000 $5.725000 - -------------------------------------------------------------------------------- 12/19/2002 Purchase 31,500 $5.783900 - -------------------------------------------------------------------------------- 12/20/2002 Purchase 2,000 $5.940000 - -------------------------------------------------------------------------------- 12/20/2002 Purchase 19,500 $5.858500 - -------------------------------------------------------------------------------- 12/20/2002 Purchase 124,400 $5.850700 - -------------------------------------------------------------------------------- 12/20/2002 Purchase 10,000 $5.850000 - -------------------------------------------------------------------------------- 12/20/2002 Purchase 1,300 $5.825000 - -------------------------------------------------------------------------------- 12/23/2002 Purchase 2,000 $5.750000 - -------------------------------------------------------------------------------- 12/23/2002 Purchase 24,500 $5.910500 - -------------------------------------------------------------------------------- 12/23/2002 Purchase 5,583 $5.936101 - -------------------------------------------------------------------------------- 12/24/2002 Purchase 600 $5.875000 - -------------------------------------------------------------------------------- 12/24/2002 Purchase 95,500 $5.913100 - -------------------------------------------------------------------------------- 12/24/2002 Purchase 43,700 $5.907600 - -------------------------------------------------------------------------------- 12/26/2002 Purchase 120,149 $5.842700 - -------------------------------------------------------------------------------- 12/26/2002 Purchase 207,600 $5.846700 - -------------------------------------------------------------------------------- 12/27/2002 Purchase 157,611 $5.663600 - -------------------------------------------------------------------------------- 12/27/2002 Purchase 51,300 $5.771800 - -------------------------------------------------------------------------------- 12/27/2002 Purchase 11,000 $5.765900 - -------------------------------------------------------------------------------- 12/30/2002 Purchase 50,132 $5.486800 - -------------------------------------------------------------------------------- 12/30/2002 Purchase 4,000 $5.500000 - -------------------------------------------------------------------------------- 12/31/2002 Purchase 141,640 $5.402300 - -------------------------------------------------------------------------------- 12/31/2002 Purchase 100 $5.485000 - -------------------------------------------------------------------------------- 12/31/2002 Purchase 45,000 $5.383900 - -------------------------------------------------------------------------------- 12/31/2002 Purchase 15,000 $5.300000 - -------------------------------------------------------------------------------- 1/2/2003 Purchase 29,200 $5.200100 - -------------------------------------------------------------------------------- 1/3/2003 Purchase 7,200 $4.902900 - -------------------------------------------------------------------------------- 1/3/2003 Purchase 55,704 $5.001200 - -------------------------------------------------------------------------------- 1/6/2003 Purchase 3,700 $4.888000 - -------------------------------------------------------------------------------- 1/7/2003 Purchase 5,200 $4.896900 - -------------------------------------------------------------------------------- 1/7/2003 Purchase 68,900 $4.844500 - -------------------------------------------------------------------------------- 1/8/2003 Purchase 100 $4.845000 - -------------------------------------------------------------------------------- 1/8/2003 Purchase 22,100 $4.842400 - -------------------------------------------------------------------------------- 1/9/2003 Purchase 28,900 $5.105700 - -------------------------------------------------------------------------------- 1/10/2003 Purchase 500 $5.105000 - -------------------------------------------------------------------------------- 1/10/2003 Purchase 10,300 $5.225500 - -------------------------------------------------------------------------------- 1/13/2003 Purchase 500 $5.245000 - -------------------------------------------------------------------------------- 1/13/2003 Purchase 25,400 $5.202100 - -------------------------------------------------------------------------------- 1/14/2003 Purchase 32,800 $5.185100 - -------------------------------------------------------------------------------- 1/15/2003 Purchase 17,200 $5.145400 - -------------------------------------------------------------------------------- 1/16/2003 Purchase 17,400 $5.176400 - -------------------------------------------------------------------------------- Page 12 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 1/17/2003 Purchase 14,300 $5.286200 - -------------------------------------------------------------------------------- 1/21/2003 Purchase 45,700 $5.314200 - -------------------------------------------------------------------------------- 1/22/2003 Purchase 43,200 $5.275700 - -------------------------------------------------------------------------------- 1/23/2003 Purchase 200 $5.295000 - -------------------------------------------------------------------------------- 1/23/2003 Purchase 48,300 $5.306900 - -------------------------------------------------------------------------------- 1/24/2003 Purchase 82,800 $5.288100 - -------------------------------------------------------------------------------- 1/24/2003 Purchase 10,000 $5.380000 - -------------------------------------------------------------------------------- 1/27/2003 Purchase 27,300 $5.328800 - -------------------------------------------------------------------------------- 1/28/2003 Purchase 25,000 $5.390700 - -------------------------------------------------------------------------------- 1/29/2003 Purchase 25,700 $5.468200 - -------------------------------------------------------------------------------- 1/30/2003 Purchase 42,100 $5.537800 - -------------------------------------------------------------------------------- 1/31/2003 Purchase 50,400 $5.562400 - -------------------------------------------------------------------------------- 1/31/2003 Purchase 30,000 $5.610000 - -------------------------------------------------------------------------------- 1/31/2003 Purchase 6,500 $5.607200 - -------------------------------------------------------------------------------- 2/3/2003 Purchase 42,300 $5.540600 - -------------------------------------------------------------------------------- 2/4/2003 Purchase 45,800 $5.549500 - -------------------------------------------------------------------------------- 2/5/2003 Purchase 56,100 $5.535800 - -------------------------------------------------------------------------------- 2/6/2003 Purchase 12,000 $5.513300 - -------------------------------------------------------------------------------- 2/6/2003 Purchase 155,900 $5.528500 - -------------------------------------------------------------------------------- 2/6/2003 Purchase 13,000 $5.515700 - -------------------------------------------------------------------------------- 2/7/2003 Purchase 53,800 $5.601800 - -------------------------------------------------------------------------------- 2/10/2003 Purchase 41,800 $5.635500 - -------------------------------------------------------------------------------- 2/11/2003 Purchase 44,500 $5.614200 - -------------------------------------------------------------------------------- 2/11/2003 Purchase 13,193 $5.622600 - -------------------------------------------------------------------------------- 2/12/2003 Purchase 11,600 $5.597200 - -------------------------------------------------------------------------------- 2/13/2003 Purchase 12,200 $5.715000 - -------------------------------------------------------------------------------- 2/13/2003 Purchase 34,200 $5.631800 - -------------------------------------------------------------------------------- 2/13/2003 Purchase 5,000 $5.700000 - -------------------------------------------------------------------------------- 2/14/2003 Purchase 10,000 $5.662000 - -------------------------------------------------------------------------------- 2/14/2003 Purchase 144,000 $5.653240 - -------------------------------------------------------------------------------- 2/18/2003 Purchase 58,200 $5.891100 - -------------------------------------------------------------------------------- 2/18/2003 Purchase 6,000 $5.940000 - -------------------------------------------------------------------------------- 2/19/2003 Purchase 5,500 $6.000000 - -------------------------------------------------------------------------------- 2/19/2003 Purchase 72,700 $5.987200 - -------------------------------------------------------------------------------- 2/19/2003 Purchase 2,500 $5.980000 - -------------------------------------------------------------------------------- 2/20/2003 Purchase 405,100 $5.943820 - -------------------------------------------------------------------------------- 2/21/2003 Purchase 116,800 $5.942700 - -------------------------------------------------------------------------------- 2/21/2003 Purchase 35,000 $5.942100 - -------------------------------------------------------------------------------- 2/21/2003 Purchase 10,000 $5.940000 - -------------------------------------------------------------------------------- 2/21/2003 Purchase 7,000 $5.956100 - -------------------------------------------------------------------------------- 2/24/2003 Purchase 15,000 $5.983400 - -------------------------------------------------------------------------------- 2/24/2003 Purchase 79,600 $5.962990 - -------------------------------------------------------------------------------- 2/25/2003 Purchase 96,900 $6.030500 - -------------------------------------------------------------------------------- 2/25/2003 Purchase 10,000 $6.030000 - -------------------------------------------------------------------------------- 2/26/2003 Purchase 43,300 $6.007600 - -------------------------------------------------------------------------------- 2/26/2003 Purchase 10,000 $6.040000 - -------------------------------------------------------------------------------- 2/26/2003 Purchase 5,000 $6.032400 - -------------------------------------------------------------------------------- 2/27/2003 Purchase 1,000 $6.045000 - -------------------------------------------------------------------------------- 2/27/2003 Purchase 83,600 $6.120600 - -------------------------------------------------------------------------------- 2/27/2003 Purchase 45,000 $6.117800 - -------------------------------------------------------------------------------- 2/28/2003 Purchase 161,400 $6.130000 - -------------------------------------------------------------------------------- 2/28/2003 Purchase 22,500 $6.136100 - -------------------------------------------------------------------------------- Page 13 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 2/28/2003 Purchase 10,000 $6.120000 - -------------------------------------------------------------------------------- 3/3/2003 Purchase 25,000 $6.130000 - -------------------------------------------------------------------------------- 3/3/2003 Purchase 7,500 $6.200900 - -------------------------------------------------------------------------------- 3/3/2003 Purchase 35,100 $6.150400 - -------------------------------------------------------------------------------- 3/3/2003 Sale 25,000 $6.089816 - -------------------------------------------------------------------------------- 3/4/2003 Purchase 99,500 $6.098200 - -------------------------------------------------------------------------------- 3/4/2003 Purchase 10,000 $6.090000 - -------------------------------------------------------------------------------- 3/4/2003 Sale 10,000 $5.989818 - -------------------------------------------------------------------------------- 3/5/2003 Purchase 10,000 $6.100000 - -------------------------------------------------------------------------------- 3/5/2003 Purchase 68,600 $6.086500 - -------------------------------------------------------------------------------- 3/5/2003 Sale 10,000 $6.059817 - -------------------------------------------------------------------------------- 3/6/2003 Purchase 1,000 $6.325000 - -------------------------------------------------------------------------------- 3/6/2003 Purchase 86,600 $6.373500 - -------------------------------------------------------------------------------- 3/6/2003 Sale 200 $6.284800 - -------------------------------------------------------------------------------- 3/7/2003 Purchase 54,100 $6.503100 - -------------------------------------------------------------------------------- 3/10/2003 Purchase 67,100 $6.584200 - -------------------------------------------------------------------------------- 3/10/2003 Purchase 20,000 $6.605000 - -------------------------------------------------------------------------------- 3/10/2003 Sale 20,000 $6.519803 - -------------------------------------------------------------------------------- 3/11/2003 Purchase 5,000 $6.560000 - -------------------------------------------------------------------------------- 3/11/2003 Purchase 2,000 $6.555000 - -------------------------------------------------------------------------------- 3/11/2003 Purchase 99,400 $6.544700 - -------------------------------------------------------------------------------- 3/12/2003 Purchase 75,300 $6.521900 - -------------------------------------------------------------------------------- 3/12/2003 Purchase 2,000 $6.500000 - -------------------------------------------------------------------------------- 3/13/2003 Purchase 7,000 $6.800000 - -------------------------------------------------------------------------------- 3/13/2003 Purchase 5,500 $6.750000 - -------------------------------------------------------------------------------- 3/13/2003 Purchase 87,100 $6.654700 - -------------------------------------------------------------------------------- 3/14/2003 Purchase 35,300 $6.853600 - -------------------------------------------------------------------------------- 3/14/2003 Purchase 3,000 $6.690000 - -------------------------------------------------------------------------------- 3/17/2003 Purchase 42,500 $7.085900 - -------------------------------------------------------------------------------- 3/18/2003 Purchase 17,600 $7.165000 - -------------------------------------------------------------------------------- 3/19/2003 Purchase 30,500 $7.151400 - -------------------------------------------------------------------------------- 3/20/2003 Purchase 94,200 $7.123900 - -------------------------------------------------------------------------------- 3/20/2003 Purchase 7,500 $7.140000 - -------------------------------------------------------------------------------- 3/21/2003 Purchase 133,500 $7.135800 - -------------------------------------------------------------------------------- 3/21/2003 Purchase 7,500 $7.140000 - -------------------------------------------------------------------------------- 3/24/2003 Purchase 70,900 $7.085800 - -------------------------------------------------------------------------------- 3/25/2003 Purchase 66,200 $7.037300 - -------------------------------------------------------------------------------- 3/26/2003 Purchase 69,900 $7.001800 - -------------------------------------------------------------------------------- 3/27/2003 Purchase 55,600 $7.024400 - -------------------------------------------------------------------------------- 3/27/2003 Purchase 2,000 $7.035000 - -------------------------------------------------------------------------------- 3/28/2003 Purchase 46,600 $7.074000 - -------------------------------------------------------------------------------- 3/31/2003 Purchase 105,000 $7.030200 - -------------------------------------------------------------------------------- 4/1/2003 Purchase 86,000 $7.009100 - -------------------------------------------------------------------------------- 4/2/2003 Purchase 25,000 $7.058000 - -------------------------------------------------------------------------------- 4/2/2003 Purchase 15,000 $7.093300 - -------------------------------------------------------------------------------- 4/2/2003 Purchase 107,800 $7.082700 - -------------------------------------------------------------------------------- 4/3/2003 Purchase 1,500 $7.110000 - -------------------------------------------------------------------------------- 4/3/2003 Purchase 76,300 $7.087800 - -------------------------------------------------------------------------------- 4/4/2003 Purchase 87,100 $7.089100 - -------------------------------------------------------------------------------- 4/7/2003 Purchase 91,400 $7.273400 - -------------------------------------------------------------------------------- 4/8/2003 Purchase 57,700 $7.225500 - -------------------------------------------------------------------------------- 4/9/2003 Purchase 18,300 $7.246600 - -------------------------------------------------------------------------------- Page 14 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 4/10/2003 Purchase 17,300 $7.236900 - -------------------------------------------------------------------------------- 4/11/2003 Purchase 27,800 $7.243200 - -------------------------------------------------------------------------------- 4/14/2003 Purchase 10,500 $7.276700 - -------------------------------------------------------------------------------- 4/15/2003 Purchase 56,100 $7.289800 - -------------------------------------------------------------------------------- 4/16/2003 Purchase 97,900 $7.404600 - -------------------------------------------------------------------------------- 4/16/2003 Purchase 10,000 $7.470000 - -------------------------------------------------------------------------------- 4/17/2003 Purchase 98,000 $7.378700 - -------------------------------------------------------------------------------- 4/17/2003 Purchase 3,000 $7.380300 - -------------------------------------------------------------------------------- 4/21/2003 Purchase 30,900 $7.393500 - -------------------------------------------------------------------------------- 4/22/2003 Purchase 2,500 $7.365000 - -------------------------------------------------------------------------------- 4/22/2003 Purchase 25,300 $7.356200 - -------------------------------------------------------------------------------- 4/22/2003 Purchase 5,000 $7.350000 - -------------------------------------------------------------------------------- 4/23/2003 Purchase 65,000 $7.457700 - -------------------------------------------------------------------------------- 4/23/2003 Purchase 5,000 $7.430000 - -------------------------------------------------------------------------------- 4/24/2003 Purchase 25,000 $7.445100 - -------------------------------------------------------------------------------- 4/24/2003 Purchase 56,200 $7.448600 - -------------------------------------------------------------------------------- 4/25/2003 Purchase 10,100 $7.454300 - -------------------------------------------------------------------------------- 4/25/2003 Purchase 75,800 $7.453600 - -------------------------------------------------------------------------------- 4/28/2003 Purchase 49,700 $7.474800 - -------------------------------------------------------------------------------- 4/29/2003 Purchase 129,300 $7.705160 - -------------------------------------------------------------------------------- 4/30/2003 Purchase 10,000 $7.805000 - -------------------------------------------------------------------------------- 4/30/2003 Purchase 261,300 $7.859800 - -------------------------------------------------------------------------------- 5/1/2003 Purchase 97,900 $7.784400 - -------------------------------------------------------------------------------- 5/2/2003 Purchase 8,200 $7.833800 - -------------------------------------------------------------------------------- 5/5/2003 Purchase 82,500 $7.793200 - -------------------------------------------------------------------------------- 5/6/2003 Purchase 1,900 $7.805000 - -------------------------------------------------------------------------------- 5/6/2003 Purchase 43,800 $7.786300 - -------------------------------------------------------------------------------- 5/7/2003 Purchase 1,000 $7.795000 - -------------------------------------------------------------------------------- 5/7/2003 Purchase 71,100 $7.779300 - -------------------------------------------------------------------------------- 5/8/2003 Purchase 106,800 $7.749900 - -------------------------------------------------------------------------------- 5/8/2003 Purchase 15,100 $7.746200 - -------------------------------------------------------------------------------- 5/9/2003 Purchase 52,800 $7.791500 - -------------------------------------------------------------------------------- 5/12/2003 Purchase 7,500 $8.100000 - -------------------------------------------------------------------------------- 5/12/2003 Purchase 7,500 $8.050000 - -------------------------------------------------------------------------------- 5/12/2003 Purchase 2,500 $8.095000 - -------------------------------------------------------------------------------- 5/12/2003 Purchase 118,300 $7.921400 - -------------------------------------------------------------------------------- 5/13/2003 Purchase 198,000 $8.534800 - -------------------------------------------------------------------------------- 5/14/2003 Purchase 30,400 $8.745100 - -------------------------------------------------------------------------------- 5/15/2003 Purchase 2,500 $8.819400 - -------------------------------------------------------------------------------- 5/15/2003 Purchase 18,100 $8.817300 - -------------------------------------------------------------------------------- 5/16/2003 Purchase 13,400 $8.857700 - -------------------------------------------------------------------------------- 5/16/2003 Purchase 22,000 $8.920000 - -------------------------------------------------------------------------------- 5/19/2003 Purchase 60,400 $8.916300 - -------------------------------------------------------------------------------- 5/20/2003 Purchase 59,000 $8.846400 - -------------------------------------------------------------------------------- 5/21/2003 Purchase 131,100 $8.819300 - -------------------------------------------------------------------------------- 5/22/2003 Purchase 75,000 $8.812200 - -------------------------------------------------------------------------------- 5/22/2003 Purchase 12,500 $8.770000 - -------------------------------------------------------------------------------- 5/22/2003 Purchase 75,000 $8.812200 - -------------------------------------------------------------------------------- 5/22/2003 Sale 600 $8.739583 - -------------------------------------------------------------------------------- 5/23/2003 Purchase 163,800 $8.758800 - -------------------------------------------------------------------------------- 5/23/2003 Purchase 29,000 $8.758800 - -------------------------------------------------------------------------------- 5/27/2003 Purchase 97,800 $8.734900 - -------------------------------------------------------------------------------- Page 15 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 5/27/2003 Purchase 14,000 $8.734900 - -------------------------------------------------------------------------------- 5/28/2003 Purchase 166,600 $9.182300 - -------------------------------------------------------------------------------- 5/28/2003 Purchase 29,500 $9.182300 - -------------------------------------------------------------------------------- 5/28/2003 Sale 600 $9.414550 - -------------------------------------------------------------------------------- 5/29/2003 Purchase 152,300 $9.192300 - -------------------------------------------------------------------------------- 5/29/2003 Purchase 26,900 $9.192300 - -------------------------------------------------------------------------------- 5/30/2003 Purchase 51,000 $9.140900 - -------------------------------------------------------------------------------- 6/2/2003 Purchase 150,600 $9.021100 - -------------------------------------------------------------------------------- 6/2/2003 Purchase 12,500 $9.190000 - -------------------------------------------------------------------------------- 6/2/2003 Purchase 27,000 $9.021100 - -------------------------------------------------------------------------------- 6/3/2003 Purchase 86,000 $9.043600 - -------------------------------------------------------------------------------- 6/3/2003 Purchase 1,000 $9.036000 - -------------------------------------------------------------------------------- 6/3/2003 Purchase 15,100 $9.043600 - -------------------------------------------------------------------------------- 6/4/2003 Purchase 63,800 $9.142400 - -------------------------------------------------------------------------------- 6/4/2003 Purchase 11,300 $9.142400 - -------------------------------------------------------------------------------- 6/5/2003 Purchase 31,500 $9.143500 - -------------------------------------------------------------------------------- 6/5/2003 Purchase 17,500 $9.177100 - -------------------------------------------------------------------------------- 6/5/2003 Purchase 5,600 $9.143500 - -------------------------------------------------------------------------------- 6/6/2003 Purchase 10,000 $9.200000 - -------------------------------------------------------------------------------- 6/6/2003 Purchase 5,000 $9.240000 - -------------------------------------------------------------------------------- 6/6/2003 Purchase 153,400 $9.163000 - -------------------------------------------------------------------------------- 6/6/2003 Purchase 27,000 $9.163000 - -------------------------------------------------------------------------------- 6/9/2003 Purchase 74,300 $9.236300 - -------------------------------------------------------------------------------- 6/9/2003 Purchase 13,100 $9.236300 - -------------------------------------------------------------------------------- 6/10/2003 Purchase 68,300 $9.468400 - -------------------------------------------------------------------------------- 6/10/2003 Purchase 12,000 $9.468400 - -------------------------------------------------------------------------------- 6/11/2003 Purchase 207,100 $9.948600 - -------------------------------------------------------------------------------- 6/11/2003 Purchase 4,300 $9.635000 - -------------------------------------------------------------------------------- 6/11/2003 Purchase 700 $9.645000 - -------------------------------------------------------------------------------- 6/11/2003 Sale 14,000 $9.840838 - -------------------------------------------------------------------------------- 6/12/2003 Purchase 56,000 $10.503200 - -------------------------------------------------------------------------------- 6/12/2003 Sale 17,500 $10.483610 - -------------------------------------------------------------------------------- 6/12/2003 Sale 2,600 $10.494510 - -------------------------------------------------------------------------------- 6/13/2003 Purchase 181,600 $10.512100 - -------------------------------------------------------------------------------- 6/13/2003 Sale 11,900 $10.501110 - -------------------------------------------------------------------------------- 6/16/2003 Purchase 65,100 $10.661800 - -------------------------------------------------------------------------------- 6/16/2003 Purchase 140,000 $10.669300 - -------------------------------------------------------------------------------- 6/16/2003 Purchase 59,000 $10.669300 - -------------------------------------------------------------------------------- 6/16/2003 Sale 3,600 $10.641200 - -------------------------------------------------------------------------------- 6/17/2003 Purchase 107,900 $10.780200 - -------------------------------------------------------------------------------- 6/17/2003 Purchase 20,000 $10.780200 - -------------------------------------------------------------------------------- 6/17/2003 Sale 4,287 $10.780290 - -------------------------------------------------------------------------------- 6/18/2003 Purchase 68,400 $10.776800 - -------------------------------------------------------------------------------- 6/18/2003 Purchase 12,000 $10.776800 - -------------------------------------------------------------------------------- 6/18/2003 Sale 2,811 $10.754490 - -------------------------------------------------------------------------------- 6/19/2003 Purchase 62,400 $10.816900 - -------------------------------------------------------------------------------- 6/19/2003 Purchase 29,442 $10.838100 - -------------------------------------------------------------------------------- 6/19/2003 Purchase 11,000 $10.816900 - -------------------------------------------------------------------------------- 6/20/2003 Purchase 80,500 $10.983500 - -------------------------------------------------------------------------------- 6/20/2003 Purchase 15,000 $10.983500 - -------------------------------------------------------------------------------- 6/23/2003 Purchase 87,600 $11.337300 - -------------------------------------------------------------------------------- 6/23/2003 Purchase 87,600 $11.337300 - -------------------------------------------------------------------------------- Page 16 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 6/23/2003 Sale 7,200 $11.342570 - -------------------------------------------------------------------------------- 6/24/2003 Purchase 125,000 $11.676700 - -------------------------------------------------------------------------------- 6/24/2003 Purchase 56,700 $11.676700 - -------------------------------------------------------------------------------- 6/24/2003 Sale 5,100 $11.669950 - -------------------------------------------------------------------------------- 6/24/2003 Sale 2,800 $11.664450 - -------------------------------------------------------------------------------- 6/25/2003 Purchase 100,000 $12.201800 - -------------------------------------------------------------------------------- 6/25/2003 Purchase 36,400 $12.201800 - -------------------------------------------------------------------------------- 6/25/2003 Sale 20,000 $12.162330 - -------------------------------------------------------------------------------- 6/26/2003 Purchase 115,800 $12.358400 - -------------------------------------------------------------------------------- 6/26/2003 Sale 30,600 $12.268020 - -------------------------------------------------------------------------------- 6/27/2003 Purchase 48,400 $12.537900 - -------------------------------------------------------------------------------- 6/27/2003 Sale 12,800 $12.651910 - -------------------------------------------------------------------------------- 6/30/2003 Purchase 153,600 $12.794500 - -------------------------------------------------------------------------------- 6/30/2003 Purchase 27,100 $12.794500 - -------------------------------------------------------------------------------- 6/30/2003 Sale 2,300 $12.729400 - -------------------------------------------------------------------------------- 7/1/2003 Purchase 328,600 $12.747300 - -------------------------------------------------------------------------------- 7/2/2003 Purchase 10,000 $12.870000 - -------------------------------------------------------------------------------- 7/2/2003 Purchase 50,000 $12.940000 - -------------------------------------------------------------------------------- 7/2/2003 Purchase 169,400 $12.855800 - -------------------------------------------------------------------------------- 7/2/2003 Purchase 50,000 $12.940000 - -------------------------------------------------------------------------------- 7/2/2003 Purchase 30,000 $12.855800 - -------------------------------------------------------------------------------- 7/2/2003 Sale 50,000 $12.859400 - -------------------------------------------------------------------------------- 7/2/2003 Sale 50,000 $12.859400 - -------------------------------------------------------------------------------- 7/3/2003 Purchase 222,900 $13.010500 - -------------------------------------------------------------------------------- 7/3/2003 Purchase 40,000 $13.010500 - -------------------------------------------------------------------------------- 7/7/2003 Purchase 25,000 $12.984800 - -------------------------------------------------------------------------------- 7/7/2003 Purchase 223,200 $13.000500 - -------------------------------------------------------------------------------- 7/7/2003 Purchase 35,700 $13.129800 - -------------------------------------------------------------------------------- 7/7/2003 Purchase 36,000 $12.991800 - -------------------------------------------------------------------------------- 7/7/2003 Purchase 6,300 $13.129800 - -------------------------------------------------------------------------------- 7/8/2003 Purchase 14,017 $12.967800 - -------------------------------------------------------------------------------- 7/8/2003 Purchase 40,000 $13.021300 - -------------------------------------------------------------------------------- 7/8/2003 Purchase 85,200 $12.984700 - -------------------------------------------------------------------------------- 7/8/2003 Purchase 7,000 $13.021300 - -------------------------------------------------------------------------------- 7/8/2003 Purchase 15,000 $12.984700 - -------------------------------------------------------------------------------- 7/8/2003 Sale 400 $12.974400 - -------------------------------------------------------------------------------- 7/9/2003 Purchase 42,500 $12.985000 - -------------------------------------------------------------------------------- 7/9/2003 Purchase 146,400 $12.960500 - -------------------------------------------------------------------------------- 7/9/2003 Purchase 7,500 $12.985000 - -------------------------------------------------------------------------------- 7/9/2003 Purchase 25,800 $12.960500 - -------------------------------------------------------------------------------- 7/9/2003 Sale 900 $12.956090 - -------------------------------------------------------------------------------- 7/10/2003 Purchase 8,597 $12.945100 - -------------------------------------------------------------------------------- 7/10/2003 Purchase 59,000 $12.990000 - -------------------------------------------------------------------------------- 7/10/2003 Purchase 54,500 $12.948100 - -------------------------------------------------------------------------------- 7/10/2003 Purchase 11,000 $12.990000 - -------------------------------------------------------------------------------- 7/10/2003 Purchase 10,000 $12.948100 - -------------------------------------------------------------------------------- 7/11/2003 Purchase 160,100 $12.949000 - -------------------------------------------------------------------------------- 7/11/2003 Purchase 29,000 $12.949000 - -------------------------------------------------------------------------------- 7/14/2003 Purchase 142,200 $13.269000 - -------------------------------------------------------------------------------- 7/14/2003 Purchase 25,000 $13.269000 - -------------------------------------------------------------------------------- 7/14/2003 Sale 13,627 $13.532970 - -------------------------------------------------------------------------------- 7/14/2003 Sale 5,000 $13.444370 - -------------------------------------------------------------------------------- Page 17 of 21 - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 7/15/2003 Purchase 16,200 $13.838700 - -------------------------------------------------------------------------------- 7/15/2003 Purchase 41,000 $13.797600 - -------------------------------------------------------------------------------- 7/15/2003 Sale 52,700 $13.853550 - -------------------------------------------------------------------------------- 7/15/2003 Sale 1,500 $13.869350 - -------------------------------------------------------------------------------- 7/16/2003 Purchase 10,000 $13.902300 - -------------------------------------------------------------------------------- 7/16/2003 Purchase 126,000 $13.871100 - -------------------------------------------------------------------------------- 7/16/2003 Purchase 25,000 $13.871100 - -------------------------------------------------------------------------------- 7/16/2003 Sale 17,675 $13.951650 - -------------------------------------------------------------------------------- 7/17/2003 Purchase 99,700 $13.954400 - -------------------------------------------------------------------------------- 7/17/2003 Purchase 17,500 $13.954400 - -------------------------------------------------------------------------------- 7/17/2003 Sale 12,300 $13.879350 - -------------------------------------------------------------------------------- 7/17/2003 Sale 1,152 $14.034340 - -------------------------------------------------------------------------------- 7/18/2003 Purchase 65,500 $14.143300 - -------------------------------------------------------------------------------- 7/18/2003 Sale 35,500 $14.429220 - -------------------------------------------------------------------------------- 7/21/2003 Purchase 162,900 $15.006500 - -------------------------------------------------------------------------------- 7/21/2003 Purchase 30,000 $15.006500 - -------------------------------------------------------------------------------- 7/21/2003 Sale 20,500 $15.000800 - -------------------------------------------------------------------------------- 7/22/2003 Purchase 57,600 $15.200900 - -------------------------------------------------------------------------------- 7/22/2003 Purchase 11,000 $15.200900 - -------------------------------------------------------------------------------- 7/22/2003 Sale 25,885 $15.267280 - -------------------------------------------------------------------------------- 7/23/2003 Purchase 31,800 $15.560000 - -------------------------------------------------------------------------------- 7/23/2003 Sale 79,700 $15.619970 - -------------------------------------------------------------------------------- 7/24/2003 Purchase 138,400 $15.084100 - -------------------------------------------------------------------------------- 7/24/2003 Purchase 113,700 $15.027600 - -------------------------------------------------------------------------------- 7/24/2003 Sale 9,300 $15.759560 - -------------------------------------------------------------------------------- 7/24/2003 Sale 2,100 $15.760260 - -------------------------------------------------------------------------------- The following transactions were effected by Management through its exercise of sole voting and dispositive power over the shares held through Artal. - -------------------------------------------------------------------------------- Date Transaction Number of Shares Price - -------------------------------------------------------------------------------- 5/14/2003 Purchase 70,000 $8.745100 - -------------------------------------------------------------------------------- 5/14/2003 Purchase 11,116 $8.739200 - -------------------------------------------------------------------------------- 5/15/2003 Purchase 42,200 $8.817300 - -------------------------------------------------------------------------------- 5/15/2003 Purchase 200 $8.715000 - -------------------------------------------------------------------------------- 5/16/2003 Purchase 100,000 $8.857700 - -------------------------------------------------------------------------------- 5/16/2003 Purchase 4,684 $8.775000 - -------------------------------------------------------------------------------- 5/19/2003 Purchase 4,000 $8.875000 - -------------------------------------------------------------------------------- 5/19/2003 Purchase 60,400 $8.916300 - -------------------------------------------------------------------------------- 5/20/2003 Purchase 75,000 $8.846400 - -------------------------------------------------------------------------------- 5/22/2003 Purchase 28,500 $8.812200 - -------------------------------------------------------------------------------- 5/22/2003 Purchase 2,500 $8.770000 - -------------------------------------------------------------------------------- 5/23/2003 Purchase 37,500 $8.779000 - -------------------------------------------------------------------------------- 5/27/2003 Purchase 20,000 $8.734900 - -------------------------------------------------------------------------------- 5/28/2003 Purchase 15,000 $8.900000 - -------------------------------------------------------------------------------- 5/29/2003 Purchase 15,000 $9.192300 - -------------------------------------------------------------------------------- 5/30/2003 Purchase 12,000 $9.140900 - -------------------------------------------------------------------------------- Page 18 of 21 The following transactions were effected by Mr. Sacane through his exercise of voting and dispositive power over shares held in a third party trading account. Beginning in September 2002, Mr. Sacane has no voting or dispositive power over, and is not otherwise affiliated with, such account. Date Transaction Number of Shares Price per share - -------------------------------------------------------------------------------- 7/22/2002 Purchase 5,000 $7.368000 - -------------------------------------------------------------------------------- 7/23/2002 Purchase 25,000 $7.061000 - -------------------------------------------------------------------------------- 7/24/2002 Purchase 10,000 $6.651000 - -------------------------------------------------------------------------------- 7/24/2002 Purchase 5,000 $6.808000 - -------------------------------------------------------------------------------- 7/24/2002 Purchase 4,000 $7.052000 - -------------------------------------------------------------------------------- 7/24/2002 Purchase 1,000 $6.515000 - -------------------------------------------------------------------------------- 7/25/2002 Purchase 10,000 $6.944000 - -------------------------------------------------------------------------------- 7/26/2002 Purchase 5,100 $6.955000 - -------------------------------------------------------------------------------- 7/29/2002 Purchase 5,000 $6.874000 - -------------------------------------------------------------------------------- 7/29/2002 Purchase 3,700 $6.929000 - -------------------------------------------------------------------------------- 7/30/2002 Purchase 10,000 $6.739000 - -------------------------------------------------------------------------------- 7/31/2002 Purchase 10,000 $6.539000 - -------------------------------------------------------------------------------- 7/31/2002 Purchase 5,000 $6.522000 - -------------------------------------------------------------------------------- 8/1/2002 Purchase 5,000 $6.213000 - -------------------------------------------------------------------------------- 8/5/2002 Purchase 1,600 $5.534000 - -------------------------------------------------------------------------------- 8/6/2002 Purchase 24,300 $5.526000 - -------------------------------------------------------------------------------- 8/7/2002 Purchase 29,700 $5.526000 - -------------------------------------------------------------------------------- 8/8/2002 Purchase 10,000 $5.418000 - -------------------------------------------------------------------------------- 8/9/2002 Purchase 4,600 $5.340000 - -------------------------------------------------------------------------------- 8/9/2002 Purchase 2,200 $5.436000 - -------------------------------------------------------------------------------- 8/12/2002 Purchase 7,500 $5.116000 - -------------------------------------------------------------------------------- 8/13/2002 Purchase 5,000 $5.065000 - -------------------------------------------------------------------------------- 8/14/2002 Purchase 5,000 $5.489000 - -------------------------------------------------------------------------------- 8/15/2002 Purchase 6,250 $5.457000 - -------------------------------------------------------------------------------- 8/19/2002 Purchase 5,900 $5.289000 - -------------------------------------------------------------------------------- 8/20/2002 Purchase 2,500 $5.266000 - -------------------------------------------------------------------------------- 8/21/2002 Purchase 5,000 $5.314000 - -------------------------------------------------------------------------------- 8/22/2002 Purchase 7,500 $5.590000 - -------------------------------------------------------------------------------- 8/23/2002 Purchase 6,000 $5.705000 - -------------------------------------------------------------------------------- 8/26/2002 Purchase 2,500 $5.698000 - -------------------------------------------------------------------------------- 8/28/2002 Purchase 3,750 $5.664000 - -------------------------------------------------------------------------------- 8/29/2002 Purchase 2,500 $5.787000 - -------------------------------------------------------------------------------- 8/30/2002 Purchase 3,026 $5.845000 - -------------------------------------------------------------------------------- Page 19 of 21 (d) MF and Artal have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of the shares reported herein that are held by Capital and Management, respectively. MF has an interest by virtue of such relationship that relates to more than 5% of the Company's Common Stock. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer. Please see the description contained in Item 4 of the April 11, 2003 agreement between certain of the Reporting Persons and the Company, which description is incorporated herein by reference. A copy of the agreement is attached hereto as Exhibit 1. Item 7. Material to be Filed as Exhibits. Exhibit 1: Agreement dated as of April 11, 2003 between Durus Capital Management, LLC, Scott Sacane and Aksys, Ltd. Exhibit 2: Joint Filing Agreement dated as of July 28, 2003, by and among the Reporting Persons. Page 20 of 21 SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: July 28, 2003 Durus Capital Management, LLC By: /s/ Scott Sacane ---------------- Name: Scott Sacane Title: Managing Member /s/ Scott Sacane ---------------- Scott Sacane Durus Capital Management (N.A.), LLC By: /s/ Scott Sacane ---------------- Name: Scott Sacane Title: Managing Director Page 21 of 21 EX-99.1 3 e300516_durus-ex1.txt AGREEMENT DATED AS OF APRIL 11, 2003 Exhibit 1 Agreement This Agreement (the "Agreement") is entered into as of April 11, 2003 by Durus Capital Management, LLC ("Durus"), Scott Sacane ("Sacane, and together with Durus and any other persons or entities with which he may constitute a group, the "Sacane Group") and Aksys, Ltd., a Delaware corporation (the "Company"). WHEREAS, the Sacane Group is currently the beneficial owner of 5,238,248 shares of the Company's Common Stock, which represents about 19.5% of the shares outstanding. WHEREAS, Mr. Sacane is the managing member of Durus and holds voting power and dispositive power over any shares of Common Stock beneficially owned by Durus. WHEREAS, the Company's Rights Agreement provides that any person or group which is the beneficial owner of 15% or more of the outstanding Common Stock shall be deemed to be an Acquiring Person (as defined in the Rights Agreement), unless the so-called "inadvertent acquisition" exception is applicable. NOW, THEREFORE, in consideration of the premises and the mutual agreements set forth in this Agreement, the parties hereby agree as follows: 1. For so long as the Sacane Group is in compliance with the terms of this Agreement, the Sacane Group shall not be deemed an Acquiring Person under the Company's Rights Agreement. (a) As soon as practicable, and in any event no later than the second anniversary of the date of this Agreement, Sacane shall take any and all actions necessary to cause the beneficial ownership of the Sacane Group to be less than 15%, whether such percentage reduction in beneficial ownership occurs through divestments of Common Stock by the Sacane Group or otherwise. (b) The Sacane Group shall refrain from acquiring any additional shares of Common Stock until such time as its percentage beneficial ownership shall be less than 15% (and thereafter the beneficial ownership of the Sacane Group shall not exceed 15% without the prior written consent of the Company's board of directors, which consent may be granted or withheld in the board's sole discretion). (c) Sacane and Durus represent and warrant that (1) the first and second recitals of this Agreement are true and correct, (2) the Sacane Group crossed the 15% beneficial ownership threshold under the Rights Agreement inadvertently, and (3) the shares of Common Stock beneficially owned by the Sacane Group are and will be held in the ordinary course of business and are not and will not be held for the purpose of or with the effect of changing or influencing the control of the Company. 2. This Agreement may be executed in one or more counterparts. Facsimile signatures to this Agreement shall be treated in all manner and respects as an original contract with the same binding legal effect as if it were an original signed version delivered in person. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above. AKSYS, LTD. /s/ William C. Dow ------------------ William C. Dow Chief Executive Officer /s/ Scott Sacane ---------------- Scott Sacane DURUS CAPITAL MANAGEMENT, LLC /s/ Scott Sacane ---------------- Scott Sacane Managing Partner and Authorized Signatory EX-99.2 4 e300516_durus-ex2.txt JOINT FILING AGREEMENT DATED AS OF JULY 28, 2003 Exhibit 2 Joint Filing Agreement In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Aksys, Ltd., and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument. In witness whereof, the undersigned hereby execute this Agreement this 28th day of July, 2003. Durus Capital Management, LLC By: /s/ Scott Sacane ---------------- Name: Scott Sacane Title: Managing Member /s/ Scott Sacane ---------------- Scott Sacane Durus Capital Management (N.A.), LLC By: /s/ Scott Sacane ---------------- Name: Scott Sacane Title: Managing Director -----END PRIVACY-ENHANCED MESSAGE-----