-----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, WhPotvOLyQpRiULpnojKrKPcxQ535UnRNe/unm+CLz93pbpMTQjU30QjgZqvC7jv A0NUQs5DWqPLO4B1u+0qrw== 0000909661-05-000002.txt : 20050107 0000909661-05-000002.hdr.sgml : 20050107 20050106194518 ACCESSION NUMBER: 0000909661-05-000002 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050107 DATE AS OF CHANGE: 20050106 GROUP MEMBERS: CHARLES E. ELLWEIN GROUP MEMBERS: CHUN R. DING GROUP MEMBERS: DAVID I. COHEN GROUP MEMBERS: DEREK C. SCHRIER GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P. GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P. GROUP MEMBERS: FARALLON CAPITAL PARTNERS, L.P. GROUP MEMBERS: FARALLON PARTNERS, L.L.C. GROUP MEMBERS: JOSEPH F. DOWNES GROUP MEMBERS: MARK C. WEHRLY GROUP MEMBERS: MONICA R. LANDRY GROUP MEMBERS: RAJIV A. PATEL GROUP MEMBERS: RICHARD B. FRIED GROUP MEMBERS: RR CAPITAL PARTNERS, L.P. GROUP MEMBERS: STEPHEN L. MILLHAM GROUP MEMBERS: THOMAS F. STEYER GROUP MEMBERS: TINICUM PARTNERS, L.P. GROUP MEMBERS: WILLIAM F. DUHAMEL GROUP MEMBERS: WILLIAM F. MELLIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARCH CAPITAL GROUP LTD CENTRAL INDEX KEY: 0000947484 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 061424716 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45257 FILM NUMBER: 05516838 BUSINESS ADDRESS: STREET 1: 20 HORSENECK LANE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038624300 MAIL ADDRESS: STREET 1: 20 HORSENECK LANE CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: RISK CAPITAL HOLDINGS INC DATE OF NAME CHANGE: 19950816 FORMER COMPANY: FORMER CONFORMED NAME: RISK CAPITAL RE INC DATE OF NAME CHANGE: 19950703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FARALLON CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000909661 IRS NUMBER: 943240279 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA STE 11325 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4154212132 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FORMER COMPANY: FORMER CONFORMED NAME: FARALLON CAPITAL MANAGEMENT INC ET AL DATE OF NAME CHANGE: 19970210 SC 13D/A 1 archcapital13da3.txt -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response......11 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) * Arch Capital Group Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Shares, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) G0450A105 - -------------------------------------------------------------------------------- (CUSIP Number) Mark C. Wehrly Farallon Capital Management, L.L.C. One Maritime Plaza, Suite 1325 San Francisco, California 94111 (415) 421-2132 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 2004 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following pages) Page 1 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Partners, L.P. - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person onthis cover page, however, is a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 California - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 1,235,551 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 1,235,551 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,235,551 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 3.5% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - -------------=================================================================== Page 2 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners II, L.P. - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 WC - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 California - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 312,036 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 312,036 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 312,036 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.9% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - -------------=================================================================== Page 3 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners III, L.P. - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 WC - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 264,048 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 264,048 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 264,048 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.8% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - -------------=================================================================== Page 4 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tinicum Partners, L.P. - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 New York - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 50,500 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 50,500 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 50,500 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.1% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - -------------=================================================================== Page 5 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) RR Capital Partners, L.P. - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 N/A - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 28,790 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 28,790 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 28,790 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.1% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN - -------------=================================================================== Page 6 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Management, L.L.C. - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== SEC USE ONLY 3 - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 640,964 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 640,964 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 640,964 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.8% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IA, OO - -------------=================================================================== Page 7 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Partners, L.L.C. - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 1,890,925 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 1,890,925 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,890,925 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.2% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 OO - -------------=================================================================== Page 8 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) David I. Cohen - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY -0- [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 -0- [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 -0- [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 9 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Chun R. Ding - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 10 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Joseph F. Downes - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 11 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Duhamel - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------=========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 12 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Charles E. Ellwein - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 13 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Richard B. Fried - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 14 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Monica R. Landry - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 15 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Mellin - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 16 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stephen L. Millham - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 17 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Rajiv A. Patel - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 18 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Derek C. Schrier - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 19 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Thomas F. Steyer - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 20 of 28 Pages 13D =================== CUSIP No. G0450A105 =================== - -------------=================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Mark C. Wehrly - -------------=================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing beneficially own an aggregate of 2,531,889 Common Shares, which is 7.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. [See Preliminary Note] - -------------=================================================================== 3 SEC USE ONLY - -------------=================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO - -------------=================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] - -------------=================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------=================================================================== SOLE VOTING POWER 7 NUMBER OF -0- -------------========================================== SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,531,889 [See Preliminary Note] -------------========================================== EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON WITH -------------========================================== SHARED DISPOSITIVE POWER 10 2,531,889 [See Preliminary Note] - -------------=================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,531,889 [See Preliminary Note] - -------------=================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN SHARES (See Instructions) [ ] - -------------=================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.0% [See Preliminary Note] - -------------=================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------=================================================================== Page 21 of 28 Pages This Amendment No. 3 to Schedule 13D (this "Amendment") amends the Schedule 13D initially filed on April 12, 2002 (collectively, with all amendments thereto, the "Schedule 13D"). Preliminary Note: The Reporting Persons are filing this Schedule 13D with respect to the Common Shares, par value $0.01 per share (the "Common Shares"), of Arch Capital Group Ltd. (the "Company"). Certain of the Reporting Persons own, in aggregate, (i) 1,115,688 Common Shares and (ii) 1,416,201 Series A Convertible Preference Shares (the "Preference A Shares") issued by the Company, each Preference A Share immediately convertible into one Common Share. All numbers and percentages contained in this Schedule 13D represent Common Shares and not Preference A Shares (unless stated otherwise). For information regarding the Preference A Shares, see the Company's Prospectus Supplement dated April 3, 2002 and the Schedule 13D filed by the Reporting Persons on April 12, 2002. Effective as of January 1, 2005, each of Noonday G.P. (U.S.), L.L.C. ("NGPUS") and Noonday Asset Management, L.P. ("NAMLP") has entered into an investment subadvisory agreement with the Management Company and the General Partner, under which NGPUS and NAMLP are granted investment authority over certain securities and instruments owned by the Partnerships and Managed Accounts, including the Common Shares reported herein. Noonday Capital, L.L.C. serves as the general partner of NAMLP. David I. Cohen serves as the managing member of NGPUS and Noonday Capital, L.L.C. Mr. Cohen resigned as a managing member of the Management Company and the General Partner effective December 31, 2004. This amendment to the Schedule 13D is being filed to report that Mr. Cohen is no longer the deemed beneficial owner of any of the Common Shares reported herein. Page 22 of 28 Pages Item 3. Source And Amount Of Funds And Other Consideration. - ------ -------------------------------------------------- Item 3 of the Schedule 13D is amended and updated as the following: The net investment cost (including commissions) for the Common Shares acquired by each of the Partnerships and Managed Accounts since the filing of the prior Schedule 13D is set forth below: Entity Common Shares Acquired Approximate Net Investment Cost ------ ---------------------- ------------------------------- FCP 89,100 $3,378,140.04 FCIP II 9,200 $348,797.62 FCIP III 9,300 $352,620.67 Tinicum 4,100 $155,446.99 Managed Accounts 216,164 $8,195,200.05 The consideration for such acquisitions was obtained as follows: (i) with respect to FCIP II and FCIP III, from working capital; (ii) with respect to FCP and Tinicum, from working capital, and/or from borrowings pursuant to margin accounts maintained in the ordinary course of business by FCP and Tinicum at Goldman, Sachs & Co.; and (iii) with respect to the Managed Accounts, from the working capital of each Managed Account and/or from borrowings pursuant to margin accounts maintained in the ordinary course of business by some of the Managed Accounts at Goldman, Sachs & Co. FCP, Tinicum and some of the Managed Accounts hold certain securities in their respective margin accounts at Goldman, Sachs & Co., and the accounts may from time to time have debit balances. It is not possible to determine the amount of borrowings, if any, used to acquire the Common Shares. Page 23 of 28 Pages Item 5. Interest In Securities Of The Issuer. - ------ ------------------------------------ Item 5 of the Schedule 13D is amended and restated in its entirety as follows: (a) The Partnerships ---------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Partnership is incorporated herein by reference for each such Partnership. The percentage amount set forth in Row 13 for all cover pages filed herewith (other than the cover page filed by the Management Company) is calculated based upon the sum of (i) the 34,744,241 Common Shares outstanding as of November 5, 2004 as reported by the Company in its Form 10-Q for the quarterly period ended September 30, 2004 and (ii) with respect to each Reporting Person, the number of additional Common Shares such Reporting Person is deemed to beneficially own through its beneficial ownership of Preference A Shares. (c) No transactions in the Common Shares have been consummated in the past 60 days. (d) The General Partner has the power to direct the affairs of the Partnerships, including the disposition of the proceeds of the sale of the Common Shares and Preference A Shares. The Individual Reporting Persons are managing members of the General Partner. (e) Not applicable. (b) The Management Company ---------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for the Management Company is incorporated herein by reference. (c) No transactions in the Common Shares have been consummated in the past 60 days. (d) The Management Company, as an investment adviser, has the power to direct the disposition of the proceeds of the sale of the Common Shares and Preference A Shares beneficially owned by the Managed Accounts. The Individual Reporting Persons are managing members of the Management Company. (e) Not applicable. (c) The General Partner ------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for the General Partner is incorporated herein by reference. Page 24 of 28 Pages (c) None. (d) The General Partner has the power to direct the affairs of the Partnerships, including the disposition of the proceeds of the sale of the Common Shares and Preference A Shares. The Individual Reporting Persons are managing members of the General Partner. (e) Not applicable. (d) The Individual Reporting Persons -------------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Individual Reporting Person is incorporated herein by reference for each such Individual Reporting Person. (c) None. (d) The General Partner has the power to direct the affairs of the Partnerships, including the disposition of the proceeds of the sale of the Common Shares and Preference A Shares. The Management Company, as an investment adviser, has the power to direct the disposition of the proceeds of the sale of the Common Shares and Preference A Shares beneficially owned by the Managed Accounts. The Individual Reporting Persons are managing members of both the General Partner and the Management Company. (e) As of December 31, 2004, David I. Cohen may no longer be deemed to be a beneficial owner of the Common Shares. The Common Shares reported hereby for the Partnerships are owned directly by the Partnerships and those reported by the Management Company on behalf of the Managed Accounts are owned directly by the Managed Accounts. The Preference A Shares in respect of which the Partnerships and the Managed Accounts (as reported by the Management Company) are deemed to beneficially own Common Shares are owned directly by the Partnerships and the Managed Accounts. The General Partner, as general partner to the Partnerships, may be deemed to be the beneficial owner of all such Common Shares beneficially owned by the Partnerships. The Management Company, as investment adviser to the Managed Accounts, may be deemed to be the beneficial owner of all such Common Shares beneficially owned by the Managed Ac- Page 25 of 28 Pages counts. The Individual Reporting Persons other than Cohen, as managing members of both the General Partner and the Management Company, may each be deemed to be the beneficial owner of all such Common Shares beneficially owned by the Partnerships and the Managed Accounts. Each of the Management Company, the General Partner and the Individual Reporting Persons hereby disclaims any beneficial ownership of any such Common Shares. Page 26 of 28 Pages SIGNATURES ---------- After reasonable inquiry and to the best of our knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 6, 2005 /s/ Monica R. Landry ---------------------------------------- FARALLON PARTNERS, L.L.C., on its own behalf and as General Partner of FARALLON CAPITAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P., TINICUM PARTNERS, L.P., And RR CAPITAL PARTNERS, L.P., By Monica R. Landry, Managing Member /s/ Monica R. Landry ---------------------------------------- FARALLON CAPITAL MANAGEMENT, L.L.C., By Monica R. Landry, Managing Member /s/ Monica R. Landry ---------------------------------------- Monica R. Landry, individually and as attorney-in-fact for each of David I. Cohen, Chun R. Ding, Joseph F. Downes, William F. Duhamel, Charles E. Ellwein, Richard B. Fried, William F. Mellin, Stephen L. Millham, Rajiv A. Patel, Derek C. Schrier, Thomas F. Steyer and Mark C. Wehrly. The Powers of Attorney, each executed by David I. Cohen, Joseph F. Downes, William F. Duhamel, Richard B. Fried, William F. Mellin, Stephen L. Millham, Thomas F. Steyer and Mark C. Wehrly authorizing Monica R. Landry to sign and file this Schedule 13D on each person's behalf, which were filed with Amendment No. 2 to the Schedule 13D filed with the Securities and Exchange Commission on July 16, 2003, by such Reporting Persons with respect to the Common Stock of New World Restaurant Group, Inc., are hereby incorporated by reference. The Powers of Attorney executed by each of Chun R. Ding and Derek C. Schrier authorizing Monica R. Landry to sign and file this Schedule 13D on his behalf, which was filed with Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange Commission on July 2, 2003, by such Reporting Person with respect to the Common Stock of Salix Pharmaceuticals, Ltd., is hereby incorporated by reference. The Powers of Attorney executed by each of Charles E. Ellwein and Rajiv A. Patel authorizing Monica R. Landry to sign and file this Schedule 13D on his behalf, which was filed with Amendment No. 4 to the Schedule 13G filed Page 27 of 28 Pages with the Securities and Exchange Commission on January 8, 2004 by such Reporting Person with respect to the Common Stock of Catalytica Energy Systems, Inc., is hereby incorporated by reference. Page 28 of 28 Pages -----END PRIVACY-ENHANCED MESSAGE-----