EX-99 2 exhi99_3.txt EXHIBIT C Exhibit C TRANSACTIONS IN BEVERLY ENTERPRISES SHARES SINCE NOVEMBER 18, 2004 The transactions in Beverly Enterprises Shares by any Filing Person, Formation, any API Officer or Palomino Director or any person listed on Exhibit B attached hereto are listed below with (unless otherwise noted) the dates of the transaction, amount of shares purchased and approximate price per share (including commissions), if any: Date of Amount of Buy/Sell Price Per Transaction Shares Share or Option AILP January 7, 2005 73,074 Buy 8.9341 January 13, 2005 68,224 Buy 8.6452 January 14, 2005 87,945 Buy 9.0330 January 18, 2005 213,200 Buy 9.2586 January 19, 2005 213,200 Buy 9.5761 January 20, 2005 139,433 Buy 9.6044 January 21, 2005 39,229 Buy 9.5893 January 24, 2005 45,891 Buy 9.5302 Palomino January 7, 2005 64,026 Buy 8.9341 January 13, 2005 59,776 Buy 8.6452 January 14, 2005 77,055 Buy 9.0330 January 18, 2005 186,800 Buy 9.2586 January 19, 2005 186,800 Buy 9.5761 January 20, 2005 122,167 Buy 9.6044 January 21, 2005 34,371 Buy 9.5893 January 24, 2005 40,209 Buy 9.5302 Appaloosa January 7, 2005 137,100 Buy 8.9341 January 13, 2005 128,000 Buy 8.6452 January 14, 2005 165,000 Buy 9.0330 January 18, 2005 400,000 Buy 9.2586 January 19, 2005 400,000 Buy 9.5761 January 20, 2005 261,600 Buy 9.6044 January 21, 2005 73,600 Buy 9.5893 January 24, 2005 86,100 Buy 9.5302 API January 7, 2005 137,100 Buy 8.9341 January 13, 2005 128,000 Buy 8.6452 January 14, 2005 165,000 Buy 9.0330 January 18, 2005 400,000 Buy 9.2586 January 19, 2005 400,000 Buy 9.5761 January 20, 2005 261,600 Buy 9.6044 January 21, 2005 73,600 Buy 9.5893 January 24, 2005 86,100 Buy 9.5302 David Tepper January 7, 2005 137,100 Buy 8.9341 January 13, 2005 128,000 Buy 8.6452 January 14, 2005 165,000 Buy 9.0330 January 18, 2005 400,000 Buy 9.2586 January 19, 2005 400,000 Buy 9.5761 January 20, 2005 261,600 Buy 9.6044 January 21, 2005 73,600 Buy 9.5893 January 24, 2005 86,100 Buy 9.5302 Franklin January 13, 2005 128,000 Buy $8.6452 Mutual January 14, 2005 165,000 Buy $9.0430 January 18, 2005 400,000 Buy $9.2586 January 19, 2005 400,000 Buy $9.5811 January 20, 2005 261,600 Buy $9.6094 Northbrook NBV LLC Footnote [1] December 1, 2004 2,000 Sell $9.147 Footnote [1] December 1, 2004 300[2] Sell $0.853 Footnote [1] December 2, 2004 17,000 Sell $9.292 Footnote [1] December 3, 2004 10,000 Buy $9.153 Footnote [1] December 6, 2004 14,000 Buy $8.909 Footnote [1] December 7, 2004 15,000 Buy $8.754 Footnote [1] December 8, 2004 3,000[2] Sell $0.74 Footnote [1] December 9, 2004 1,000[2] Sell $0.8235 Footnote [1] December 10, 2004 1,000[2] Sell $0.723 Footnote [1] December 13, 2004 1,000[2] Sell $0.773 Footnote [1] December 15, 2004 1,000[2] Sell $0.523 Footnote [1] December 17, 2004 1,000 Sell $8.98 Footnote [1] December 17, 2004 1,000[2] Sell $0.774 Footnote [1] December 20, 2004 1,000 Buy $8.81 Footnote [1] December 20, 2004 300[2] Sell $0.752 Footnote [1] December 21, 2004 1,000[2] Sell $0.773 Footnote [1] January 12, 2005 5,000 Sell $8.747 Footnote [1] January 13, 2005 5,000 Buy $8.653 Northbrook[3] January 13, 2005 750,000 Buy $8.60 Footnotes[1],[3] January 13, 2005 750,000 Sell $8.60 Northbrook January 13, 2005 64,000 Buy $8.6452 Northbrook January 14, 2005 82,500 Buy $9.033 Northbrook January 18, 2005 200,000 Buy $9.2586 Northbrook January 19, 2005 200,000 Buy $9.5761 Footnote [1] January 19, 2005 1,000[2] Sell $0.8735 Northbrook January 20, 2005 130,800 Buy $9.6044 Footnote [1] January 20, 2005 10,600[2] Buy $0.7514 Northbrook January 20, 2005 10,600[2] Sell $0.7514 Northbrook January 21, 2005 10,600[2] Buy $1.05 Northbrook January 21, 2005 36,800 Buy $9.5893 Northbrook January 24, 2005 23,100 Buy $9.5302 ANNA REIS January 4, 2005 2,500 Buy $8.84 SPRAY TRUST ALEXANDER January 4, 2005 2,500 Buy $8.84 REIS SPRAY TRUST DAVID REIS January 21, 2005 20,000[4] Buy $0.7205 BAYLOR December 20, 2004 22,000 Buy $9.001 ENTERPRISES (excluding LLC commissions) February 1, 2005 100 Transfer[5] $0 ARNOLD M. December 20, 2004 1,100 Buy $8.98 WHITMAN December 20, 2004 3,400 Buy $8.99 January 28, 2005 100 Buy $11.97 (excluding commissions) February 1, 2005 100 Transfer[5] $0 ------------------- [1] An entity controlled by Messrs. Hokin and Rubin effected this transaction. Each of the Beverly Enterprises Shares purchased by this entity were sold to Northbrook NBV, LLC on January 13, 2005 in a private transaction at a price of $8.60 per share. See Note 3. [2] Consists of a transaction in respect of July 2005 Call Options exercisable for Beverly Enterprises Shares at a strike price of $10.00. [3] Northbrook NBV, LLC acquired these shares of common stock in a private transaction from an entity managed by Messrs. Hokin and Rubin. See Note 1. [4] Consists of a transaction in respect of April 2005 Call Options exercisable for Beverly Enterprises Shares at a strike price of $10.00. [5] These shares were transferred from Baylor to Arnold M. Whitman.