SC 13D 1 sc13d.htm SCHEDULE 13D Unassociated Document
 
WASHINGTON, D.C.  20549
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)1
 
Patriot Coal Corporation
(Name of Issuer)
 
Common Stock, $0.01 par value per share
(Title of Class of Securities)
 
70336T 10 4
(CUSIP Number)
 
John A. Tisdale, Esq.
General Counsel
ArcLight Capital Partners, LLC
200 Clarendon Street, 55th Floor
Boston, MA 02117
Telephone: (617) 531−6300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
 
 
July 23, 2008
(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 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 Rule 13d-7 for other parties to whom copies are to be sent.
 
1 The remainder of this cover page shall be filled out for a reporting person’s initial filling on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the 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, as amended (the "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).

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     2     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
ArcLight Energy Partners Fund I, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
3,664,357
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
3,664,357
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,664,357
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
PN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     3     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
ArcLight Energy Partners Fund II, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
2,934,305
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
2,934,305
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,934,305
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.6%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
PN
 
 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     4     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
ArcLight PEF GP, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
3,664,357*
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
3,664,357
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,664,357
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
*  Solely in its capacity as the general partner of ArcLight Energy Partners Fund I, L.P.
 
 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     5     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
ArcLight PEF GP II, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
2,934,305*
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
2,934,305
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,934,305
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.6%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
*  Solely in its capacity as the general partner of ArcLight Energy Partners Fund II, L.P.
 
 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     6     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
ArcLight Capital Holdings, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
6,598,662*
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
6,598,662
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,598,662
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
*  Solely in its capacity as the manager of ArcLight PEF GP, LLC, the general partner of ArcLight Energy Partners Fund I, L.P. and ArcLight PEF GP II, LLC, the general partner of ArcLight Energy Partners Fund II, L.P.
 
 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     7     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Daniel R. Revers*
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
6,598,662*
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
6,598,662
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,598,662
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN
*  Solely in his capacity as the manager of ArcLight Capital Partners, LLC, the manager of ArcLight PEF GP, LLC  which is the general partner of ArcLight Energy Partners Fund I, L.P. and ArcLight PEF GP II, LLC, the general partner of ArcLight Energy Partners Fund II, L.P.  Mr. Revers disclaims beneficial ownership of the shares of Common Stock held by the ArcLight Funds, except to the extent of his pecuniary interest in such funds.
 
 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     8     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Robb E. Turner*
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
6,598,662*
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
6,598,662
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,598,662
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN
*  Solely in his capacity as the manager of ArcLight Capital Partners, LLC, the manager of ArcLight PEF GP, LLC  which is the general partner of ArcLight Energy Partners Fund I, L.P. and ArcLight Energy Partners Fund II, L.P.  Mr. Turner disclaims beneficial ownership of the shares of Common Stock held by the ArcLight Funds, except to the extent of his pecuniary interest in such funds.
 
 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     9     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
John F. Erhard*
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
6,598,662*
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
6,598,662
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,598,662
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN
*  Solely in his capacity as a principal of ArcLight Capital Partners, LLC an affiliate of ArcLight Capital Partners, LLC, the manager of ArcLight PEF GP, LLC  which is the general partner of ArcLight Energy Partners Fund I, L.P. and ArcLight Energy Partners Fund II, L.P.  Mr. Erhard disclaims beneficial ownership of the shares of Common Stock held by the ArcLight Funds, except to the extent of his pecuniary interest in such funds.
 
 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     10     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Caisse de Dépôt et Placement du Québec
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Québec, Canada
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
1,153,898
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
1,153,898
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,153,898
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
OO

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     11     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Cascade Investment, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
OO
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Washington
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
1,204,326(1)
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
1,204,326(1)
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,204,326
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.1%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
OO
(1)  All shares of Common Stock held by Cascade Investment, L.L.C. (“Cascade”) may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade. Michael Larson, the Business Manager of Cascade, has voting and investment power with respect to the Common Stock held by Cascade.  Mr. Larson disclaims any beneficial ownership of the shares of Common Stock beneficially owned by Cascade and Mr. Gates.
 
 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     12     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
William H. Gates III
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
1,204,326(1)
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
1,204,326(1)
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,204,326
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.1%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN
(1)  All shares of Common Stock held by Cascade Investment, L.L.C. (“Cascade”) may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade. Michael Larson, the Business Manager of Cascade, has voting and investment power with respect to the shares of  Common Stock held by Cascade.  Mr. Larson disclaims any beneficial ownership of the shares of Common Stock beneficially owned by Cascade and Mr. Gates.
 
 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     13     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Citigroup Capital Partners II 2006 Citigroup Investment, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
247,602
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
247,602
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
247,602
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
PN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     14     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Citigroup Capital Partners II Employee Master Fund, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
278,126
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
278,126
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
278,126
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
PN

 
 

 

SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     15     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Citigroup Capital Partners II Onshore, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
125,566
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
125,566
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
125,566
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
PN

 
 

 

SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     16     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Citigroup Capital Partners II Cayman Holdings, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
157,330
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
157,330
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
157,330
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
PN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     17     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Citigroup Private Equity LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
808,624
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
808,624
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
808,624
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
PN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     18     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Citigroup Alternative Investments LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
808,624
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
808,624
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
808,624
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IA

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     19     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Citigroup Investments Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
808,624
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
808,624
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
808,624
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
HC

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     20     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Citigroup Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
1,166,714*
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
1,166,714*
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,166,714*
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
HC
*  Includes shares held by the other Citigroup Entities.
 
 
 

 

SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     21     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Howard Hughes Medical Institute
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
803,670
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
803,670
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
803,670
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     22     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
The Northwestern Mutual Life Insurance Company
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Wisconsin
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
611,320
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
611,320
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
611,320
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IC

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     23     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
The Board of Trustees of the Leland Stanford Junior University
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
California
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
328,394
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
328,394
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
328,394
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
EP

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     24     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Paul Vining
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
83,567
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
83,567
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
83,567
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     25     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Timothy Elliott
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
62,211
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
62,211
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,211
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     26     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
David Turnbull
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
16,238
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
16,238
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,238
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     27     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Richard Verheij
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Canada
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
25,573
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
25,573
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,573
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     28     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Tom McQuade
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
16,328
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
16,328
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,328
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     29     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
B. Scott Spears
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
14,585
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
14,585
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,585
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     30     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Keith St. Clair
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
35,417
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
35,417
 
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,417
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     31     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Robert Bennett
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
25,547
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
25,547
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,547
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN

 
 

 
 
SCHEDULE 13D
 
CUSIP No. 70336T 10 4
 
Page     32     of     90     Pages
     
1
NAME OF REPORTING PERSON
 
Dwayne Francisco
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
(a)
(b) ý
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
39,374
 
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
39,374
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,374
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
ý
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
 
14
TYPE OF REPORTING PERSON (See Instructions)
 
IN

 
 

 
 
Item 1.  Security and Issuer
 
This Schedule 13D (this "Schedule 13D") relates to shares of common stock, par value $0.01 per share (the "Common Stock"), of Patriot Coal Corporation, a Delaware corporation (the "Issuer").  The address of the principal executive offices of the Issuer is 12312 Olive Boulevard, Suite 400, St. Louis, Missouri 63141.
 
Item 2.  Identity and Background
 
(a), (b), (c), (f)
 
This Schedule 13D is being filed on behalf of the following persons (collectively, the "Reporting Persons"): ArcLight Energy Partners Fund I, L.P. ("ArcLight Fund I"), ArcLight Energy Partners Fund II, L.P. ("ArcLight Fund II", and together with ArcLight Fund I, the "ArcLight Funds"), ArcLight PEF GP, LLC ("ArcLight PEF GP"), ArcLight PEF GP II, LLC ("ArcLight PEF GP II"), ArcLight Capital Holdings, LLC ("ArcLight Capital Holdings", and together with the ArcLight Funds, ArcLight PEF GP and ArcLight PEF GP II the "ArcLight Entities"), Daniel R. Revers ("Mr. Revers"), Robb E. Turner ("Mr. Turner"), John F. Erhard (Mr. Erhard"), Caisse de Dépôt et Placement du Québec ("Caisse"), Cascade Investment, L.L.C. ("Cascade"), William H. Gates III (“Mr. Gates”), Citigroup Capital Partners II 2006 Citigroup Investment, L.P. ("Citigroup Investment"), Citigroup Capital Partners II Employee Master Fund, L.P. ("Citigroup Employee Master Fund"), Citigroup Capital Partners II Onshore, L.P. ("Citigroup Onshore"), Citigroup Capital Partners II Cayman Holdings, L.P. ("Citigroup Cayman", and together with Citigroup Investment, Citigroup Employee Master Fund, Citigroup Onshore, the "Citigroup Funds") Citigroup Private Equity LP ("Citigroup PE") Citigroup Alternative Investments LLC ("CAI"), Citigroup Investments Inc. ("CII") and Citigroup Inc. ("Citigroup" and together with Citigroup Funds, CAI and CII, the "Citigroup Entities"), Howard Hughes Medical Institute ("HHMI"), The Northwestern Mutual Life Insurance Company ("Northwestern"), The Board of Trustees of the Leland Stanford Junior University (“Stanford University”), Paul Vining ("Mr. Vining"), Timothy Elliott ("Mr. Elliott"), David Turnbull ("Mr. Turnbull"), Richard Verheij ("Mr. Verheij"), Tom McQuade ("Mr. McQuade"), B. Scott Spears ("Mr. Spears"), Keith St. Clair ("Mr. St. Clair"), Robert Bennett ("Mr. Bennett"), and Dwayne Francisco ("Mr. Francisco") pursuant to a joint filing agreement attached hereto as Exhibit 99.6.
 
Each ArcLight Fund is a Delaware limited partnership.  ArcLight PEF GP, ArcLight PEF II and ArcLight Capital Holdings are Delaware limited liability companies.  The business of the ArcLight Funds is energy related investments.  The business of ArcLight PEF GP is to be the general partner of the ArcLight Fund I, the business of  ArcLight PEF GP II is to be the general partner of ArcLight Fund II and the business of ArcLight Capital Holdings is to be the manager of ArcLight PEF GP and ArcLight PEF GP.  Each of Mr. Revers, Mr. Turner and Mr. Erhard is a citizen of the United States.  The principal business occupation of Mr. Revers is to serve as manager of ArcLight Capital Holdings and Managing Partner of ArcLight Capital Partners, LLC.  The principal business occupation of Mr. Turner is to serve as manager of ArcLight Capital Holdings and Senior Partner of ArcLight Capital Partners, LLC.  The principal business occupation of Mr. Erhard is to serve as a principal of ArcLight Capital Partners, LLC. The address of their principal business offices of each of the ArcLight Entities, Messrs. Revers, Turner and Erhard is 200 Clarendon Street, 55th Floor, Boston, MA 02117.
 
Caisse is a legal person without share capital created by a special act of the Legislature of the Province of Québec.  The principal business of Caisse is to receive on deposit and manage funds deposited by agencies and instrumentalities of the Province of Québec.  It is located at Centre CDP Capital, 1000, place Jean-Paul Riopelle, Montreal, Quebec, H2Z 2B3, Canada.  Set forth in Annex A attached hereto and incorporated herein by reference is a listing of the directors and executive officers and controlling persons of Caisse (collectively, the "Caisse Covered Persons"), and the business address and present principal occupation or employment of each of the Caisse Covered Persons.  Except as set forth in Annex A, each of the Caisse Covered Persons is a Canadian citizen.
 
Cascade is a limited liability company organized under the laws of the State of Washington that makes investments on behalf of its sole owner, Mr. Gates.  The address of Cascade’s principal place of
 
 
33

 
 
business and principal office is 2365 Carillon Point, Kirkland, Washington 98033.  Mr. Gates is a citizen of the United States. The address of his principal office and principal place of business is One Microsoft Way, Redmond, Washington 98052.  Michael Larson is the business manager of Cascade.  Mr. Larson is a citizen of the United States. The address of his principal office and principal place of business is 2365 Carillon Point, Kirkland, Washington 98033.
 
Each of Citigroup Investment, Citigroup Employee Master Fund, Citigroup Onshore and Citigroup PE is a Delaware limited partnership.  Citigroup Cayman is a Cayman Islands partnership.  CAI is a Delaware limited liability company. CII and Citigroup are Delaware corporations. Each of Citigroup Investment, Citigroup Employee Master Fund, Citigroup Onshore,  Citigroup Cayman and Citigroup PE (directly and indirectly through subsidiaries or affiliated companies or both) is principally engaged in the business of investing in equity, debt, derivative and other securities and assets.  CAI is an investment advisor. Both CII and Citigroup are holding companies.  The principal address of each of  Citigroup Investment, Citigroup Employee Master Fund, Citigroup Onshore, Citigroup Cayman, Citigroup PE , CAI and CII is  731 Lexington Avenue, 26th Floor, New York, New York 10022.  The principal address of Citigroup is 399 Park Avenue, New York, New York 10022. Set forth in Annex A attached hereto and incorporated herein by reference is a listing of the directors, executive officers, managers, members and general partners, as applicable, of the Citigroup Entities and each controlling person thereof (collectively, the "Citigroup Covered Persons"), and the business address and present principal occupation or employment and citizenship of each of the Citigroup Covered Persons.
 
HHMI is a Delaware non-profit corporation.  HHMI is a medical research organization. HHMI's principal offices and business headquarters are located at 4000 Jones Bridge Road, Chevy Chase, MD 20815-6789.  Set forth in Annex A attached hereto and incorporated herein by reference is a listing of the directors and executive officers and controlling persons of HHMI (collectively, the "HHMI Covered Persons"), and the business address and present principal occupation or employment of each of the HHMI Covered Persons.  Except as set forth in Annex A, each of the HHMI Covered Persons is a United States citizen.
 
Northwestern is a mutual life insurance company organized under the laws of the State of Wisconsin. Its principal business lines include life insurance, disability income insurance and annuities for the personal, business, estate planning and pension markets.  Northwestern's principal offices and business headquarters are located at 720 East Wisconsin Avenue, Milwaukee, WI 53202.  Set forth in Annex A attached hereto and incorporated herein by reference is a listing of the trustees and executive officers and controlling persons of Northwestern (collectively, the "Northwestern Covered Persons"), and the business address and present principal occupation or employment of each of the Northwestern Covered Persons.  Except as set forth in Annex A, each of the Northwestern Covered Persons is a United States citizen.
 
Stanford University is a trust with corporate powers under the laws of the State of California. Stanford University is a private university whose endowment investment management division, Stanford Management Company, is located at 2770 Sand Hill Road, Menlo Park, California 94025.
 
Mr. Vining serves as the Issuer's President and Chief Operating Officer.  Mr. Vining is a citizen of the United States.  The address of his principal office and principal place of business is 500 Lee Street East Suite 900, Charleston WV 25301.
 
Mr. Elliott is retired.  Mr. Elliott is a citizen of the United States.  His address is c/o 500 Lee Street East Suite 900, Charleston WV 25301.
 
Mr. Turnbull is a consultant.  Mr. Turnbull is a citizen of the United States.  His address is 1582 Virginia Street, East, Charleston, West Virginia  25311.
 
Mr. Verheij will be an employee of the Issuer until August 13th after which time he will be a consultant.  Mr. Verheij is a citizen of Canada.  The address of his principal office and principal place of business is 500 Lee Street East Suite 900, Charleston WV 25301.
 
 
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Mr. McQuade is a consultant. Mr. McQuade is a citizen of the United States.  The address of his principal office and principal place of business is 7511 Megington Drive, Charlotte, North Carolina   28226.
 
Mr. Spears is the Director of Business Development of the Issuer.  Mr. Spears is a citizen of the United States.  The address of his principal office and principal place of business is 500 Lee Street East Suite 900, Charleston WV 25301.
 
Mr. St. Clair will be an employee of the Issuer until August 13th after which time he will be a consultant.  Mr. St. Clair is a citizen of the United States.  The address of his principal office and principal place of business is 500 Lee Street East Suite 900, Charleston WV 25301.
 
Mr. Bennett is Senior Vice President, Sales and Trading of the Issuer.  Mr. Bennett is a citizen of the United States.  The address of his principal office and principal place of business is 500 Lee Street East Suite 900, Charleston WV 25301.
 
Mr. Francisco. will be an employee of the Issuer until August 23rd after which time he will be a consultant.  Mr. Francisco is a citizen of the United States.  The address of his principal office and principal place of business is 500 Lee Street East Suite 900, Charleston WV 25301.
 
(d), (e): During the past five years, no person listed above has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor has any such person been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in such person becoming subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws, except as set forth on Annex B hereto.
 
Item 3.  Source and Amount of Funds or Other Consideration
 
As more fully described in Item 4 below, on July 23, 2008, certain of the Reporting Persons, acquired an aggregate of 11,901,656 shares of Common Stock, pursuant to the consummation of the transactions contemplated by the Merger Agreement (as defined below).  The transactions contemplated by the Merger Agreement did not require the payment of any cash consideration by the Reporting Persons to acquire the Common Stock.  The funds for the purchases by Citigroup listed on Annex C hereto were obtained from the working capital of Citigroup.

Item 4.  Purpose of Transaction
 
On April 2, 2008, the Issuer, Magnum Coal Company ("Magnum"), Colt Merger Corporation, a wholly owned subsidiary of the Issuer ("Merger Sub"), and ArcLight Fund I, and ArcLight Fund II, acting jointly, as stockholder representative (the "Stockholder Representative"), entered into the Agreement and Plan of Merger (the "Merger Agreement").  On July 23, 2008 Merger Sub was merged with and into Magnum (the "Merger").  Pursuant to the Merger, Magnum became a wholly owned subsidiary of the Issuer and all of the shares of common stock of Magnum were converted into the right to receive shares of Common Stock in accordance with the Merger Agreement.  A copy of the Merger Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Voting Agreement
 
In connection with execution of the Merger Agreement, the Issuer, the ArcLight Funds, Cascade, Caisse, the Citigroup Funds, HHMI, Northwestern, Stanford University and Messrs. Elliott, Vining, Turnbull, Verheij, McQuade, Spears, Bennett, Francisco, and St. Clair, then shareholders of Magnum, entered into a Voting and Standstill Agreement (the "Voting Agreement"), dated as of April 2, 2008 that became effective at the effective time of the Merger.
 
Pursuant to the Voting Agreement, effective as of the effective time of the Merger, the Issuer’s board of directors was expanded from seven to nine members and the board of directors appointed two
 
 
35

 
 
nominees designated by the Stockholder Representative.  One such nominee will serve as a Class I director and the other nominee will serve as a Class II director on the Issuer’s board of directors.  Any board nominee or replacement selected by the Stockholder Representative must be reasonably acceptable to the nominating and governance committee of the Issuer’s board of directors and must, to the reasonable satisfaction of the nominating and governance committee, be an “independent director” under the New York Stock Exchange’s listing standards, disregarding certain disclosed relationships.  The nominees initially designated by the Stockholder Representative for appointment are Mr. Turner and Mr. Erhard, each of whom is affiliated with the ArcLight Funds.  The nominating and governance committee of the Issuer’s board of directors has determined that as of the date of the Voting Agreement, Messrs. Turner and Erhard would be “independent directors” under the standard described above.
 
The Voting Agreement provides that at such time as certain former holders of Magnum common stock own less than twenty percent (but at least ten percent) of the Common Stock outstanding or the ArcLight Funds own less than ten percent of the Common Stock outstanding, the Stockholder Representative will be entitled to one board nominee only.  The Voting Agreement also provides that at such time as certain former holders of Magnum common stock own less than ten percent of the Common Stock outstanding, the Stockholder Representative will not be entitled to any board nominees.
 
For purposes of the determination of ownership of Common Stock by the relevant former holders of Magnum common stock for the purposes of board nominee rights under the Voting Agreement, (1) the number of shares of Common Stock outstanding is deemed to be equal to the sum of the number of shares of Common Stock outstanding on the date of the Merger Agreement and the number of shares of Common Stock issued in the merger, (2) former Magnum stockholders who have agreed to a “reduced standstill” (described below) will be deemed to no longer own thirty percent of their shares of Common Stock at any applicable time and (3) former Magnum stockholders who have agreed to a “limited standstill” (described below) will be deemed to no longer own seventy percent of their shares of Common Stock at any applicable time.  Once the former Magnum stockholders have lost the right to nominate one or both members of the Issuer’s board of directors, they will not regain such rights regardless of any subsequent acquisitions of Common Stock or any change to the outstanding Common Stock that results in their ownership percentage exceeding the thresholds specified above.
 
Voting Obligations of Certain Magnum Stockholders
 
So long as the Stockholder Representative is entitled to nominate any members to the Issuer’s board of directors, all of the Reporting Persons that are signatories to the Voting Agreement (the "Stockholder Signatories") have agreed to vote all of their shares of Common Stock in favor of the entire slate of directors recommended for election by the Issuer board of directors to the Issuer’s stockholders.
 
 
In addition, so long as the Stockholder Representative is entitled to nominate any members to the Issuer’s board of directors, each of the Stockholder Signatories (other than Caisse and HHMI) have agreed to vote all of their shares of Common stock as recommended by the Issuer’s board of directors in the case of (1) any stockholder proposal submitted for a vote at any meeting of the Issuer’s stockholders and (2) any proposal submitted by the Issuer for a vote at any meeting of the Issuer’s stockholders relating to the appointment of the Issuer’s accountants or an equity compensation plan of the Issuer.
 
“Standstill” Restrictions
 
The ArcLight Funds have agreed that unless invited to do so on an unsolicited basis by the Issuer’s board of directors, neither the ArcLight Funds nor any of their affiliates will, directly or indirectly:
 
 
 
acquire, offer, or propose or seek to acquire, any Issuer securities or options to acquire Issuer securities;
 
 
 
enter into, agree, offer, propose or seek to enter into, or be involved in, any acquisition transaction, merger or other business combination relating to the Issuer or all or substantially all of the Issuer’s assets or businesses;
 
 
 
make, or in any way participate in a solicitation of proxies to vote, or seek to advise or influence any person with respect to the voting of, any Issuer voting securities;
 
 
 
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form, join or participate in a “group” with respect to any Issuer voting securities;
 
 
 
seek, propose or otherwise act alone or in concert with others, to influence or control the Issuer’s management, policies, or board of directors;
 
 
 
enter into any discussions or arrangements with any other person with respect to any of the foregoing activities;
 
 
 
advise, assist, knowingly encourage, act as a financing source for or invest in any other person in connection with any of the foregoing activities; or
 
 
 
disclose any intention or plan inconsistent with any of the foregoing.
 
 
The ArcLight Funds have also agreed that during the standstill period, described below, they will not request that the Issuer or its representatives amend or waive the above listed provisions or take any initiative which would reasonably be expected to require the Issuer to make a public announcement regarding any of the activities specified above or the possibility of the ArcLight Funds or any other person acquiring control of the Issuer.
 
Subject to certain exceptions, the standstill restrictions set forth above will not apply to the ArcLight Funds in the event that (1) the Issuer has entered into a definitive agreement with a third party with respect to a business combination transaction (as defined in the Voting Agreement) or (2) a third party commences a tender offer which if consummated would result in a business combination transaction and the board of directors of the Issuer has either recommended such offer or not rejected such offer within ten business days after the announcement.  If any announced business combination transaction or tender offer is terminated without being consummated, the standstill restrictions will again be applicable to the ArcLight Funds.
 
Each of Cascade, the Citigroup Funds, HHMI and Stanford University has agreed to a “reduced standstill” restriction.  The “reduced standstill” restrictions are similar in scope to the standstill restrictions applicable to the ArcLight Funds, but are binding only on the applicable Magnum stockholders and their “controlled” affiliates and also permit those stockholders to take certain actions in the ordinary course of business and not for the purpose of circumventing the standstill restrictions.  In addition, Caisse has agreed to a “limited standstill” restriction.  The “limited standstill” restrictions are similar in scope to the “reduced standstill” restrictions but permit certain additional actions in the ordinary course of business and not for the purpose of circumventing the standstill restrictions.
 
The standstill obligations applicable to the ArcLight Funds and the other Reporting Persons that have agreed to the “reduced standstill” and “limited standstill” will apply for the period from the effective time of the Merger until the later to occur of (1) the Stockholder Representative no longer being entitled to nominate any members of the Issuer’s board of directors or (2) nine months after the time that the ArcLight Funds and the Reporting Persons that have agreed to the “reduced standstill” and “limited standstill” and their respective affiliates in the aggregate own less than 7.5% of the outstanding shares of Common Stock.
 
Transfer Restrictions
 
Each Stockholder Signatory will be subject to certain restrictions on their ability to transfer shares of the Issuer (including a transaction that changes the economic benefits or risks of ownership) as follows:
 
 
 
no transfers will be permitted for 180 days following the effective time of the Merger;
 
 
 
between 180 days after the effective time of the Merger and 270 days after the effective time of the Merger, up to fifty percent of their shares may be transferred;
 
 
 
between 270 days after the effective time of the Merger and 360 days after the effective time of the Merger, up to seventy-five percent of their shares may be transferred; and
 
 
 
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no restrictions will apply after 360 days after the effective time of the Merger.
 
 
Amendments and Waivers
 
Any provision of the Voting Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by the Issuer, the Stockholder Representative and a number of Stockholder Signatories owning at least 66 2/3% of the Common Stock owned by Stockholder Signatories at the applicable time, or in the case of a waiver, by the party against whom the waiver is to be effective.  Amendments to the provisions relating to voting obligations, standstill restrictions, transfer restrictions and amendments to the voting agreement, and any amendment that is adverse to a Stockholder Signatory, require the consent of each stockholder party against whom the amendment is to be effective.
 
Effectiveness and Termination
 
The Voting Agreement became effective at the effective time of the Merger.  After the effective time, the Voting Agreement will terminate on the earlier of (1) the written agreement of the Issuer and the Stockholder Representative and (2) the date, if any, of the termination of the standstill period described above.
 
The foregoing discussion of the Voting Agreement is not intended to be a complete statement of all of the material terms of that agreement and is qualified in its entirety by the agreement itself which is filed herewith as Exhibit 99.2 and is incorporated herein by reference.
 
Except as set forth in this Schedule 13D (including the exhibits incorporated by reference herein), the Reporting Persons have no present plans or proposals that relate to or would result in any of the actions described in Item 4(a) through (j) of Schedule 13D under Rule 13d-1(d).  Each of the Reporting Persons expects to evaluate on a continuing basis its investment in the Issuer and may from time to time acquire or dispose of additional shares of Common Stock or other securities of the Issuer.  Any acquisitions or dispositions will depend upon (i) the price and availability of the Issuer's securities; (ii) subsequent developments concerning the Issuer's business and prospects and the industry in which the Issuer operates; (iii) the applicable Reporting Person's general investment policy; (iv) other investment and business opportunities available to the applicable Reporting Person; (v) general market and economic conditions; (vi) tax considerations and (vii) such other factors as the applicable Reporting Person may consider relevant.  Any such acquisitions or dispositions may be made, subject to applicable law, in open market transactions, privately negotiated transactions or, in the case of dispositions, pursuant to a registration statement.
 
 
Item 5.  Interest in Securities of the Issuer
 
(a) and (b):

The Reporting Persons may be deemed to be a group within the meaning of Section 13(d)(3) of the Act consisting of the Reporting Persons as a result of the facts and circumstances described in Items 2, 4, 5 and 6 of this Schedule 13D.  The Reporting Persons as a group may be deemed beneficially to own in the aggregate 12,185,824 shares of Common Stock, representing approximately 31.5% of the outstanding shares of Common Stock (based on 38,709,396 shares of Common Stock reported by the Issuer as outstanding immediately following the Merger, as advised by the Issuer).  Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock held by the other members of such group; provided, however, that (i) ArcLight PEF GP does not disclaim beneficial ownership of the shares held by ArcLight Fund I, (ii) ArcLight PEF GP II does not disclaim beneficial ownership of the shares held by ArcLight Fund II, (iii) ArcLight Capital Holdings does not disclaim beneficial ownership of the shares of Common Stock held by the ArcLight Fund, (iv) Messrs. Revers, Turner and Erhard disclaim beneficial ownership of the shares of Common Stock held by the ArcLight Funds, except to the extent of their respective interests in such funds and (v) Mr. Gates does not disclaim beneficial ownership of the shares of
 
 
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Common Stock held by Cascade.  Mr. Larson, Cascade’s Business Manager, disclaims any beneficial ownership of the shares of Common Stock held by Cascade and Mr. Gates.

ArcLight Fund I has the shared power to vote, direct the voting of, dispose of and direct the disposition of 3,664,357 shares of Common Stock, representing approximately 9.5% of the outstanding shares of Common stock.  Such shares may be deemed to be owned beneficially (solely for the purposes of Rule 13d-3 under the Act) by ArcLight PEF GP and ArcLight Capital Holdings.

ArcLight Fund II has the shared power to vote, direct the voting of, dispose of and direct the disposition of 2,934,305 shares of Common Stock, representing approximately 7.6% of the outstanding shares of Common stock.  Such shares may be deemed to be owned beneficially (solely for the purposes of Rule 13d-3 under the Act) by ArcLight PEF GP II and ArcLight Capital Holdings.

ArcLight PEF GP, as general partner of ArcLight Fund I, and ArcLight Capital Holdings as manager of ArcLight PEF GP, may be deemed to beneficially own the shares of Common Stock held by ArcLight Fund I.  ArcLight PEF GP II, as general partner of ArcLight Fund II, and ArcLight Capital Holdings as manager of ArcLight PEF GP II, may be deemed to beneficially own the shares of Common Stock held by the ArcLight Funds. In addition, Messrs. Revers and Turner, as managers of ArcLight Capital Holdings may be deemed to beneficially own the shares of Common Stock held by the ArcLight Funds.

Cascade has the sole power to vote, direct the voting of, dispose of and direct the disposition of 1,204,326 shares of Common Stock, representing approximately 3.1% of the outstanding shares of Common Stock.  All shares of Common Stock held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.  Michael Larson, the Business Manager of Cascade, has voting and investment power with respect to the shares of Common Stock held by Cascade.  Mr. Larson disclaims any beneficial ownership of the shares of Common Stock beneficially owned by Cascade and Mr. Gates.

Caisse has the sole power to vote, direct the voting of, dispose of and direct the disposition of 1,153,898 shares of Common Stock, representing approximately 3.0% of the outstanding shares of Common Stock.

Citigroup Investment has the shared power to vote, direct the voting of, dispose of and direct the disposition of 247,602 shares of Common Stock, representing approximately 0.6% of the outstanding shares of Common stock.

Citigroup Employee Master Fund has the shared power to vote, direct the voting of, dispose of and direct the disposition of 278,126 shares of Common Stock, representing approximately 0.7% of the outstanding shares of Common stock

Citigroup Onshore has the shared power to vote, direct the voting of, dispose of and direct the disposition of 125,566 shares of Common Stock, representing approximately 0.3% of the outstanding shares of Common stock

Citigroup Cayman has the shared power to vote, direct the voting of, dispose of and direct the disposition of 157,330 shares of Common Stock, representing approximately 0.4% of the outstanding shares of Common Stock.

Citigroup PE has the shared power to vote, direct the voting of, dispose of and direct the disposition of 808,624 shares of Common Stock, representing approximately 2.1% of the outstanding shares of Common Stock.

CAI has the shared power to vote, direct the voting of, dispose of and direct the disposition of 808,624 shares of Common Stock, representing approximately 2.1% of the outstanding shares of Common Stock.
 
 
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CII has the shared power to vote, direct the voting of, dispose of and direct the disposition of 808,624 shares of Common Stock, representing approximately 2.1% of the outstanding shares of Common Stock.

Citigroup has the shared power to vote, direct the voting of, dispose of and direct the disposition of 1,166,714 shares of Common Stock, representing approximately 3.0% of the outstanding shares of Common Stock.

HHMI has the sole power to vote, direct the voting of, dispose of and direct the disposition of 803,670 shares of Common Stock, representing approximately 2.1% of the outstanding shares of Common Stock.

Northwestern has the sole power to vote, direct the voting of, dispose of and direct the disposition of 611,320 shares of Common Stock, representing approximately 1.6% of the outstanding shares of Common Stock.

Stanford University has the sole power to vote, direct the voting of, dispose of and direct the disposition of 328,394 shares of Common Stock, representing approximately 0.8% of the outstanding shares of Common Stock.

Mr. Vining has the sole power to vote, direct the voting of, dispose of and direct the disposition of 83,567 shares of Common Stock, representing approximately 0.2% of the outstanding shares of Common Stock.

Mr. Elliott has the sole power to vote, direct the voting of, dispose of and direct the disposition of 62,211 shares of Common Stock, representing approximately 0.2% of the outstanding shares of Common Stock.

Mr. Turnbull has the sole power to vote, direct the voting of, dispose of and direct the disposition of 16,238 shares of Common Stock, representing less than 0.1% of the outstanding shares of Common Stock.

Mr. Verheij has the sole power to vote, direct the voting of, dispose of and direct the disposition of 25,573 shares of Common Stock, representing less than 0.1% of the outstanding shares of Common Stock.

Mr. McQuade has the sole power to vote, direct the voting of, dispose of and direct the disposition of 16,328 shares of Common Stock, representing less than 0.1% of the outstanding shares of Common Stock.

Mr. Spears has the sole power to vote, direct the voting of, dispose of and direct the disposition of 14,585 shares of Common Stock, representing less than 0.1% of the outstanding shares of Common Stock.

Mr. St. Clair has the sole power to vote, direct the voting of, dispose of and direct the disposition of 35,417 shares of Common Stock, representing less than 0.1% of the outstanding shares of Common Stock.

Mr. Bennett has the sole power to vote, direct the voting of, dispose of and direct the disposition of 25,547 shares of Common Stock, representing less than 0.1% of the outstanding shares of Common Stock.

Mr. Francisco. has the sole power to vote, direct the voting of, dispose of and direct the disposition of 39,374 shares of Common Stock, representing approximately 0.1% of the outstanding shares of Common Stock.

 
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(c):  Annex C attached hereto sets forth a summary of the transactions in the Common Stock effected by Citigroup within the past 60 days.

(d) and (e):  Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
 
The responses to Item 4 are incorporated herein by reference.
 
 
Registration Rights Agreement

At the effective time of the Merger, the Issuer and the ArcLight Funds entered into a Registration Rights Agreement (the "Registration Rights Agreement").  The Registration Rights Agreement provides the ArcLight Funds with customary registration rights with respect to the newly issued shares of Common Stock.  Subject to customary restrictions and limitations, the ArcLight Funds are entitled to three “demand” and unlimited “piggyback” registration rights under the agreement.  In addition, no registration request may be made prior to 180 days after the effective time of the Merger, no registration statement will be required to be filed pursuant to a demand registration request prior to November 1, 2008 and the aggregate proceeds expected to be received from the sale of the securities requested to be included in a demand registration must be at least $50 million.

Escrow Agreement

At the effective time of the Merger, the Issuer, the Stockholder Representative, and the escrow agent selected by the Issuer and Magnum, entered into an escrow agreement (the "Escrow Agreement") pursuant to which ten percent of the shares of Common Stock issued in the Merger was placed in escrow for one year to secure the indemnification obligations of the designated stockholders of Magnum.  Indemnity claims payable to the Issuer will be paid based on the market value (as defined in the Merger Agreement) at the time of payment of the Common Stock being delivered.  To the extent the Issuer has made claims against the escrow that are still pending on the first anniversary of the effective time of the Merger, a portion of the Common Stock sufficient to cover payment of those claims will be retained in the escrow account until the claims are resolved.  With respect to any matter on which the Issuer stockholders have voting rights, shares held in the escrow account will be voted by the Stockholder Representative subject to the terms of the Voting Agreement.

Letter Agreement

On the Effective Date, each of the Issuer, Magnum, Vining, the ArcLight Funds, Cascade, Caisse, the Citigroup Funds, HHMI, Northwestern and Stanford University entered into a letter agreement (the "Letter Agreement") that provides that following the Initial Lock-up Date, the Second Lock-up Date and the Lock-up Expiration Date each of such Reporting Persons will transfer to Mr. Vining their applicable percentage of shares of Common Stock having a value (determined in accordance with the Letter Agreement) of $1,500,000, $750,000 and $750,000, respectively.

The foregoing discussion of the Registration Rights Agreement, the Escrow Agreement and the Letter Agreement are not intended to be complete statements of all of the material terms of those agreements and are qualified in their entirety by the agreements themselves which are filed herewith as Exhibits 99.3, 99.4 and 99.5 and incorporated by reference herein.  Except as set forth in Item 4 of this Schedule 13D, to the best knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons and any other person with respect to any securities of the Issuer.

 
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Item 7.  Material to Be Filed as Exhibits
 
Exhibit 99.1:
 
Agreement and Plan of Merger, entered as of April 2, 2008, by and among Patriot Coal Corporation, Magnum Coal Company, Colt Merger Corporation, ArcLight Fund I, and ArcLight Fund II, acting jointly, as stockholder representative. (Incorporated by reference to Exhibit 2.2 to the Registration Statement on Form S-4 of the Issuer filed June 18, 2008.  File No. 333-150897.)
 
Exhibit 99.2:
 
Voting and Standstill Agreement, dated as of April 8, 2008, by and among Patriot Coal Corporation and the Reporting Persons.  (Incorporated by reference to Exhibit 10.48 to the Registration Statement on Form S-4 of the Issuer filed June 18, 2008.  File No. 333-150897.)
 
Exhibit 99.3:
 
Form of Registration Rights Agreement, by and between Patriot Coal Corporation and ArcLight Funds. (Incorporated by reference to Exhibit 10.1 of the Issuers' Current Report on Form 8-K, filed on April 8, 2008).
 
Exhibit 99.4
 
Escrow Agreement, dated July 23, 2008, among Patriot Coal Corporation,  ArcLight Fund I, and ArcLight Fund II, acting jointly, as stockholder representative, and the Escrow Agent named therein.
 
Exhibit 99.5
 
Letter Agreement, dated July 22, 2008.
 
Exhibit 99.6
 
Joint Filing Agreement, dated July 31, 2008, among the Reporting Persons.
 
 
There are no other written agreements, contracts, arrangements, understandings, plans or proposals within the category of those described in Item 7 of the General Instructions to Schedule 13D under the Act.
 
*     *     *
Each of the undersigned is responsible for the accuracy and completeness of the information in this Schedule 13D concerning himself or itself, and is not responsible for the accuracy or completeness of the information in this Schedule 13D concerning any other signatories.

 
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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


ARCLIGHT ENERGY PARTNERS FUND I, L.P.
By: ArcLight PEF GP, LLC, its
General Partner
By: ArcLight Capital Holdings,
LLC, its Manager
By: _/s/Daniel R. Revers___________________
Name: Daniel R. Revers
Title: Manager
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


ARCLIGHT ENERGY PARTNERS FUND II, L.P.
By: ArcLight PEF GP II, LLC,
its General Partner
By: ArcLight Capital Holdings, LLC,
its Manager
By: _/s/Daniel R. Revers___________________
Name: Daniel R. Revers
Title: Manager
 
 
 

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008


ARCLIGHT PEF GP, LLC

By: ArcLight Capital Holdings, LLC,
its Manager
By: _/s/Daniel R. Revers___________________
Name: Daniel R. Revers
Title: Manager
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008


ARCLIGHT PEF GP II, LLC

By: ArcLight Capital Holdings, LLC,
its Manager
By: _/s/Daniel R. Revers___________________
Name: Daniel R. Revers
Title: Manager
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008


ARCLIGHT CAPITAL HOLDINGS, LLC

By: _/s/Daniel R. Revers___________________
Name: Daniel R. Revers
Title: Manager
 
 
 

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008


_/s/Daniel R. Revers___________________
Daniel R. Revers

 
 

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



_/s/Robb E. Turner_________________________________
Robb E. Turner

 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008

 


___/s/John F. Erhard_______________________________
John F. Erhard

 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
By: __/s/Ghislain Gauthier______________________
Name: Ghislain Gauthier
Title: Senior Vice-President

By: __/s/Cyrille Vittecoq______________________
Name: Cyrille Vittecoq
Title: Vice-President, Investments
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008




CASCADE INVESTMENT, L.L.C.
By: _/s/Michael Larson_________________
Name: Michael Larson
Title: Business Manager
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



WILLIAM H. GATES III

By __/s/Michael Larson_________________
Name:  Michael Larson (1)
Title:  Attorney-in-fact


 













(1) )   Duly authorized under Special Power of Attorney appointing Michael Larson attorney-in-fact, dated February 3, 2006, by and on behalf of William H. Gates III, filed as Exhibit 99.1 to Cascade Investment, L.L.C.’s Amendment No. 2 to Schedule 13G with respect to Arch Capital Group Ltd. on March 7, 2006, SEC File No. 005-45257, and incorporated by reference herein.
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008


CITIGROUP CAPITAL PARTNERS II 2006
CITIGROUP INVESTMENT, L.P.
By: Citigroup Private Equity LP,
its general partner
By: _/s/Jason Ment__________________
Name: Jason Ment
Title: Secretary
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



CITIGROUP CAPITAL PARTNERS II EMPLOYEE MASTER
FUND, L.P.
By: Citigroup Private Equity LP, its
general partner
By: _/s/Jason Ment__________________
Name: Jason Ment
Title: Secretary
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



CITIGROUP CAPITAL PARTNERS II ONSHORE, L.P.
By: Citigroup Private Equity LP,
its general partner
By: _/s/Jason Ment__________________
Name: Jason Ment
Title: Secretary
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



CITIGROUP CAPITAL PARTNERS II CAYMAN
HOLDINGS, L.P.
By: Citigroup Private Equity LP,
its general partner
By: _/s/Jason Ment__________________
Name: Jason Ment
Title: Secretary
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


CITIGROUP PRIVATE EQUITY LP


By: _/s/Jason Ment__________________
Name: Jason Ment
Title: Secretary
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


CITIGROUP ALTERNATIVE INVESTMENTS LLC



By: _/s/Jason Ment__________________
Name: Jason Ment
Title: Assistant Secretary

 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



CITIGROUP INVESTMENTS INC.


By: _/s/Millie Kim________________
Name: Millie Kim
Title: Secretary
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



CITIGROUP INC.


By: _/s/Riqueza V. Feaster______________________
Name: Riqueza V. Feaster
Title: Assistant Secretary
 
 
 

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



HOWARD HUGHES MEDICAL INSTITUTE
By: _/s/Craig A. Alexander_________________
Name: Craig A. Alexander
Title: Vice President and General Counsel
 
 
 

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


THE NORTHWESTERN MUTUAL LIFE INSURANCE
COMPANY
By: __/s/Howard Stern______________________
Name: Howard Stern
Title: Its Authorized Representative
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008


THE BOARD OF TRUSTEES OF THE LELAND STANFORD
JUNIOR UNIVERSITY
By: The Stanford Management Company,
          a division thereof

By:  __/s/Mark H. Hayes________________
Name:  Mark H. Hayes
Title: Manager of Natural
Resources Investments
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



__/s/Paul Vining___________________________
Paul Vining

 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008



__/s/Timothy Elliott________________
Timothy Elliott
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



__/s/David Turnbull___________________________
David Turnbull
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  August 1, 2008



_/s/Richard Verheij____________________________
Richard Verheij
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


__/s/Tom McQuade___________________________
Tom McQuade
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


_/s/B. Scott Spears____________________________
B. Scott Spears
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


_/s/Keith St. Clair____________________________
Keith St. Clair
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


__/s/Robert Bennett___________________________
Robert Bennett
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date:  August 1, 2008


_/s/Dwayne Francisco____________________________
Dwayne Francisco
 
 
 

 

Annex A

DIRECTORS AND EXECUTIVE OFFICERS OF
CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

The name, principal occupation and citizenship of each of the directors and executive officers of Caisse de Dépôt et Placement Du Québec are listed below.  Unless otherwise indicated below,  the principal business address of each of the directors and executive officers of Caisse de Dépôt et Placement Du Québec is 1000, place Jean-Paul-Riopelle, Montréal, Québec, H2Z 2B.

Name
Principal Occupation or Employment
Citizenship
Mr. Pierre Brunet
Chairman of the Board
Canadian
Mr. Richard Guay
 
Director
Chief Investment Officer
Interim President and Chief Executive Officer
Canadian
Dr. Yvan Allaire
Director of Caisse
Canadian
Madam Christiane Bergevin
Director of Caisse
Canadian
Madam Claudette Carbonneau
Director of Caisse
Canadian
Madam Louise Charette
Director of Caisse
Canadian
Mr. Steven M. Cummings
Director of Caisse
Canadian
Mr. Alban D’Amours
Director of Caisse
Canadian
Madam Jocelyne Dagenais
Director of Caisse
Canadian
Madam Sylvie Dillard
Director of Caisse
Canadian
Mr. Claude Garcia
Director of Caisse
Canadian
Mr. A. Michel Lavigne
Director of Caisse
Canadian
 
 
 

 
 
Name
Principal Occupation or Employment
Citizenship
Mr. Henri Massé
Director of Caisse
Canadian
Madam Ouma Sananikone
Director of Caisse
Australian
Mr. André Trudeau
Director of Caisse
Canadian
Mr. Normand Provost
 
Executive Vice-President
Private Equity
Canadian
Mrs Suzanne Masson
 
Executive Vice-President
Corporate Affairs and Secretary
Canadian
Mr. Robert W. Desnoyers
 
Executive Vice-President
Human Resources and Organizational Development
Canadian
Mr. V.P. Pham
 
Executive Vice-President
Information Technology
Canadian
Mr. François Grenier
 
Executive Vice-President
Equity Markets
Canadian
Madam Susan Kudzman
 
Executive Vice-President
Depositors and Risk
Canadian
Mr. Christian Pestre
 
Executive Vice-President
and Chief Strategist
American
Mr. Fernand Perreault
 
Executive Vice-President
Real Estate
Canadian
Mr. Ghislain Parent
 
Executive Vice-President
Finance and Operations
Canadian
Mr. Michel Malo
 
Executive Vice-President
Hedge Funds
Canadian
Mr. Philippe Ithurbide
 
Executive Vice-President
Fixed Income and Currencies
Canadian

 
 

 


DIRECTORS AND EXECUTIVE OFFICERS OF
THE CITIGROUP ENTITIES

The following sets forth the name, principal occupation, and citizenship of each of the managers and officers of Citigroup Alternative Investments LLC.  Unless otherwise indicated below, the principal business address of each of the directors and executive officers of Citigroup Alternative Investments LLC is 731 Lexington Avenue, 26th Floor, New York, New York 10022.

Name
Principal Occupation or Employment
Citizenship
William A. Arnold
Manager, Chief Financial Officer
United States
Jonathan Dorfman
 
Manager
United States
Edward J. Kelly, III,
 
Manager, Chief Executive Officer and President
United States
Millie Kim
Manager, Secretary & General Counsel
United States
James O’Brien
Manager
United States
Fidel Andueza Retegui
Partner, Citi Infrastructure Investors
Spain
Craig Barrack
Assistant Secretary
United States
Juan Bejar Ochoa
Co-Head, Citi Infrastructure Investors
Spain
Don Callahan
Chief Administrative Officer
United States
Colin Campbell
Partner, Citi Infrastructure Investors
United Kingdom
John-George Duthie-Jackson
Partner Citi Infrastructure Investors
United Kingdom
Michael Froman
Head of Infrastructure and Sustainable Development Investments
United States
 
 
 

 
 
Name
Principal Occupation or Employment
Citizenship
Felicity Gates
Co-Head, Citi Infrastructure Investors
Australia
Trudi Gilligan
Assistant Secretary
United States
Paul Golding
Assistant Secretary
Canada
John Havens
Chairman
United States
Gage Johnson
Assistant Secretary
United States
Jacob Lew
Chief Operating Officer
United States
Carolyn Luxemburg
Assistant Secretary
United States
Jason Ment
Assistant Secretary
United States
Marie Noble
Assistant Secretary
United States
Raymond Nolte
Chief Executive Officers of CAI Hedge Fund Management Group
United States
Grant Patrick
Operating Officer for Sales, Marketing, Research and Product Development
 
United States
Sonia Plata
Assistant Secretary
United States
Ihor Rakowsky
Assistant Secretary
United States
Richard Roelofs
Assistant Secretary
United States
Leo A.Viola
Controller
United States

 
 

 

 
The following sets forth the name, principal occupation, and citizenship of each of the directors and executive officers of Citigroup Inc.

Name and Title
Principal Occupation
Citizenship
C. Michael Armstrong, Director
Chairman, Board of Trustees
Johns Hopkins Medicine
Health Systems Corporation and Hospital
c/o Citigroup Inc.
399 Park Ave
New York, NY 10022
 
United States
Alain J. P. Belda, Director
Chairman
Alcoa Inc.
390 Park Avenue
New York, NY 10022
 
Brazil & Spain
Sir Winfried F. W. Bischoff, Chairman
Chairman
Citigroup, Inc.
399 Park Ave
New York, NY 10022
 
United Kingdom and Germany
Kenneth T. Derr, Director
Chairman, Retired
Chevron Corporation
345 California Street
San Francisco, CA 94104
 
United States
John M. Deutch, Director
Institute Professor
Massachusetts Institute of Technology
77 Massachusetts Avenue
Cambridge, MA 02139
 
United States
Roberto Hernandez Ramirez, Director
Chairman of the Board
Banco Nacional de Mexico
Actuario Roberto Medellin No. 800
Col. Santa Fe, 01210
Mexico City, Mexico
 
Mexico
Andrew N. Liveris,
Director
Chairman and Chief Executive Officer
The Dow Chemical Company
2030 Dow Center
Midland, MI 48674
 
Australia
Anne M. Mulcahy,
Director
Chairman and Chief Executive Officer
Xerox Corporation
45 Glover Avenue
P.O. Box 4505
Norwalk, CT  06856
 
United States
Vikram Pandit,
Director and Executive Officer
Director and Chief Executive Officer
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
 
United States
 
 
 

 
 
Richard D. Parsons,
Director
Chairman
Time Warner Inc.
One Time Warner Center
New York, NY 10019
United States
Lawrence R. Ricciardi,
Director
Former General Counsel
IBM Corporation
c/o Citigroup, Inc.
399 Park Avenue
New York, NY 10022
 
United States
Dr. Judith Rodin,
Director
President
The Rockefeller Foundation
420 Fifth Avenue
New York, NY 10018
 
United States
Robert E. Rubin,
Director and Executive Officer
Chairman of the Executive Committee and
Member of the Office of the Chairman
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
United States
Robert L. Ryan, Director
Chief Financial Officer, Retired, Medtronic Inc.
c/o Citigroup, Inc.
399 Park Avenue
New York, NY 10022
United States
Franklin A. Thomas,
Director
Consultant
The Study Group
380 Lexington Avenue
New York, NY 10168
United States
Shirish Apte,
Executive Officer
Chief Executive Officer
Central & Eastern European Region
Citigroup Inc.
33 Canada Square
Canary Wharf
London E14 5LB
United Kingdom
United Kingdom
Ajay Banga,
Executive Officer
Chairman and Chief Executive Officer
Global Consumer Group-International
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
India
Don Callahan,
Executive Officer
Chief Administrative Officer
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
United States
Gary L. Crittenden,
Executive Officer
Chief Financial Officer
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
United States
Terri Dial,
Executive Officer
Chief Executive Officer, Citi Consumer Banking North America
Global Head, Consumer Strategy
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
United States
 
 
 

 
 
James A. Forese,
Executive Officer
Head, Global Capital Markets
Markets & Banking
Institutional Clients Group
388 Greenwich Street
New York, NY  10026
 
United States
Steven J. Freiberg,
Executive Officer
Chairman and Chief Executive Officer
Global Consumer Group-North America
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
United States
John C. Gerspach,
Executive Officer
Controller and Chief Accounting Officer
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
United States
John Havens,
Executive Officer
Chief Executive Officer
Institutional Clients Group
388 Greenwich Street
New York, NY  10026
 
United States
Michael S. Helfer,
Executive Officer
General Counsel and Corporate Secretary
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
United States
Lewis B, Kaden,
Executive Officer
Vice Chairman and Chief Administrative Officer
Citigroup Inc.
399 Park Avenue
New York, NY 10022
United States
Edward J. Kelly, III,
Executive Officer
President and Chief Executive Officer
Citi Alternative Investments
731 Lexington Avenue
New York, NY 10022
 
United States
Kevin Kessinger,
Executive Officer
Chief Operations & Technology Officer
Citigroup Inc.
666 Fifth Avenue
New York, NY 10103
 
United States
Sallie L. Krawcheck,
Executive Officer
Chief Financial Officer
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
 
 
United States
Brian Leach,
Executive Officer
Senior Risk Officer
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
 
United States
 
 
 

 
 
Manuel Medina-Mora, Executive Officer
Chairman and Chief Executive Officer
Latin America and Mexico
Act. Roberto Medellin 800
Edificio Sur. 5 piso
Col. Sta FE/ C.P. 01210
Mexico, D.F.
 
Mexico
William R. Rhodes, Executive Officer
Senior Vice Chairman
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
United States
Stephen R. Volk, Executive Officer
Vice Chairman
Citigroup Inc.
399 Park Avenue
New York, NY 10022
 
United States
 

 
 
 

 
 
TRUSTEES AND EXECUTIVE OFFICERS OF
HHMI

The name and principal occupation of each of the trustees and executive officers of HHMI are listed below.  Unless otherwise indicated below, the principal business address of each of the trustees and executive officers of HHMI is c/o 4000 Jones Bridge Road, Chevy Chase, MD 20815-6789.

Trustees

James A. Baker, III, Esq. –  Senior Partner, Baker & Botts LLP

Charlene Barshefsky – Attorney, Senior International Partner, WilmerHale LLP

Joseph L. Goldstein, M.D. - Regental Professor and Chairman
Department of Molecular Genetics, University of Texas Southwestern Medical Center at Dallas

Hanna H. Gray, Ph.D. - President Emeritus and Harry Pratt Judson Distinguished Service Professor of History, The University of Chicago

Garnett L. Keith - SeaBridge Investment Advisors

Paul Nurse, F.R.S. – President, The Rockefeller University (**Citizen of the United Kingdom)

Kurt L. Schmoke, Esq. – Dean, Howard University School of Law

Anne M. Tatlock-- Retired Chairman and CEO Fiduciary Trust Company International

Executive Officers

Thomas R. Cech, Ph.D., President

Craig A. Alexander, Vice President and General Counsel, Secretary

Peter J. Bruns, Ph.D.,  Vice President for Grants and Special Programs

David A. Clayton, Ph.D., Vice President for Research Operations

Joseph D. Collins, Vice President, Information Technology

Jack E. Dixon, Ph.D., Vice President and Chief Scientific Officer

Edward J. Palmerino, Vice President for Finance, Treasurer

Avice A. Meehan, Vice President for Communications and Public Affairs

Gerald M. Rubin, Ph.D. ,Vice President and Director, Janelia Farm Research Campus

Landis Zimmerman ,  Vice President and Chief Investment Officer

Heidi E. Henning,  Assistant Secretary

Susan S. Plotnick,  Assistant Treasurer

Robert C. Mullins, Controller
 
 
 

 

 
Marion M. Howard, Assistant Controller


 
 

 
 
TRUSTEES AND EXECUTIVE OFFICERS OF
NORTHWESTERN

The name and principal occupation  of each of the trustees and executive officers of Northwestern are listed below.  Unless otherwise indicated below,  the principal business address of each of the trustees and executive officers of Northwestern is c/o 720 East Wisconsin Avenue, Milwaukee, WI 53202.

Board of Trustees

Facundo L. Bacardi, Chairman, Bacardi Limited, Coconut Grove, FL

Robert C. Buchanan, Retired Chairman, Fox Valley Corporation, Appleton, WI

George A. Dickerman, Retired Chairman and CEO, Spalding Sports Worldwide, Longmeadow, MA

David J. Drury, President, Poblocki Sign Company, LLC, Milwaukee, WI

Connie K. Duckworth, President, ARZU, Lake Forest, IL

David A. Erne, Attorney, Milwaukee, WI

James P. Hackett, President and CEO, Steelcase Inc., Grand Rapids, MI

Hans Helmerich, President and CEO, Helmerich & Payne, Inc., Tulsa, OK

Dale E. Jones, Managing Partner, CEO and Board Practice, Americas, Heidrick & Struggles
International, Inc., Atlanta, GA

Stephen F. Keller, Attorney, Los Angeles, CA; former Chairman, The Santa Anita Companies,
                               Arcadia, CA

Margery Kraus, President and CEO, APCO Worldwide, Washington, DC

David J. Lubar, President, Lubar & Co., Milwaukee, WI

Ulice Payne, Jr., President and CEO, Addison-Clifton, LLC, Brookfield, WI

H. Mason Sizemore, Jr., Retired President and COO, The Seattle Times, Seattle, WA

Peter M. Sommerhauser, Attorney, Milwaukee, WI

John E. Steuri, Retired Chairman and CEO, ALLTEL Information Services, Inc., Little Rock, AR

John J. Stollenwerk, Chairman, Allen-Edmonds Shoe Corp., Port Washington, WI

Barry L. Williams, President and CEO, Williams Pacific Ventures, Inc., San Francisco, CA

Kathryn D. Wriston, Director of various corporations, New York, NY

Edward J. Zore, President and CEO, Northwestern Mutual, Milwaukee, WI


Executive Officers
 
 
 

 

Michael G. Carter
Vice President, Chief Financial Officer
Eric P. Christophersen
Vice President, Compliance/Best Practices
David D Clark.
Senior Vice President-Real Estate
Gloster B Current
Vice President-Corporate Affairs and Assistant to President
Jefferson DeAngelis
President, Mason Street Advisors
Mark G. Doll
Senior Vice President and Chief Investment Officer
Christina H. Fiasca
Senior Vice President-Agency Services
Tim Gerend
Vice President, Field Compensation and Planning
Kimberly Goode
Vice President Communications
Karl G. Gouverneur
Vice President-Information Systems
John M. Grogan,
Vice President-Wealth Management
Thomas C. Guay
Vice President-New Business
Gary M. Hewitt
Vice President and Treasurer
J. Chris Kelly
Vice President and Controller
William C. Koenig,
Senior Vice President and Chief Actuary
John L. Kordsmeier
Vice President-Enterprise Solutions
Susan A. Lueger
Vice President-Human Resources
Jeffrey J. Lueken
Senior Vice President-Securities
Jean M. Maier
Senior Vice President-Enterprise Operations
Raymond J. Manista,
Secretary and General Counsel
Meridee J. Maynard
Senior Vice President, Life Product
Gregory C. Oberland,
Executive Vice President-Insurance & Technology
Kathleen A. Oman,
Vice President-Policyowner Services
Gary A. Poliner
Executive Vice President-Investment Products & Services
Marcia Rimai
Executive Vice President-Chief Administrative Officer
Bethany M. Rodenhuis
Vice President-Corporate Planning
Timothy G. Schaefer
Chief Information Officer
John E. Schlifske
Executive Vice President-Affiliate Investment
Calvin R. Schmidt,
Vice President, Investment Product Operations
Todd M. Schoon
Senior Vice President, Agencies
David W. Simbro
Vice President-Disability Income
Paul J. Steffen,
Vice President, Agencies
Donald G. Tyler
Vice President-IPS Products and Sales
Martha M. Valerio
Vice President-Information Systems
Conrad C. York
Vice President, Marketing
Michael L. Youngman
Vice President-Government Relations
Edward J. Zore
President and Chief Executive Officer
 
 
 

 
 
Annex B

On July 28, 2003, Citigroup settled enforcement proceedings related to the manipulation of Enron's and Dynegy’s financial statements. The Commission found that Citigroup knew or should have known that the acts or omissions described in the Order would contribute to Enron's and Dynegy’s violations of Exchange Act Section 10(b) and Exchange Act Rule 10b-5. Consequently, Citigroup was found to be a cause of Enron's and Dynegy’s violations within the meaning of Exchange Act Section 21C. Citigroup consented to an order to cease and desist from committing or causing any violation of the antifraud provisions of the federal securities laws, and agreed to pay $120 million as disgorgement, interest and penalty.

On March 23, 2005, the SEC entered an administrative and cease-and-desist order against CGMI. The SEC order found that CGMI willfully violated Section 17(a)(2) of the Securities Act and Rule 10b-10 promulgated under the Exchange Act. Specifically, the order found that there were two distinct disclosure failures by CGMI in the offer and sale of mutual fund shares to its customers. Based on these findings, the order censured CGMI, required that CGMI cease and desist from committing or causing violations and future violations of Section 17(a) of the Securities Act and Exchange Act Rule 10b-10, and required that CGMI pay a $20 million civil money penalty.

In a related proceeding on March 22, 2005, the NASD accepted a Letter of Acceptance, Waiver and Consent dated March 18, 2005 (the “AWC”) that had been submitted by CGMI. Without admitting or denying the findings, CGMI accepted and consented, prior to a hearing and without an adjudication of any issue of law or fact, to the entry of findings by NASD. Based on its findings and with CGMI’s consent, the NASD censured CGMI and fined it $6.25 million. In the AWC, CGMI also agreed to complete certain undertakings, including retaining an Independent Consultant, among other things, to conduct a comprehensive review of the completeness of its disclosures regarding the differences in mutual fund share classes and the policies and procedures relating to CGMI’s recommendations to its customers of different class shares of mutual funds.

On May 31, 2005, the SEC issued an order in connection with the settlement of an administrative proceeding against Smith Barney Fund Management LLC (“SBFM”), a former subsidiary of Citigroup, and CGMI, relating to the appointment of an affiliated transfer agent for the Smith Barney family of mutual funds managed by SBFM (the “Affected Funds”).

The SEC order finds that SBFM and CGMI willfully violated Section 206(1) of the Investment Advisers Act of 1940, as amended, and the rules promulgated thereunder (the “Advisers Act”). Specifically, the order found that SBFM and CGMI knowingly or recklessly failed to disclose to the boards of the Affected Funds in 1999 when proposing a new transfer agent arrangement with an affiliated transfer agent that: First Data Investors Services Group (“First Data”), the Affected Funds’ then-existing transfer agent, had offered to continue as transfer agent and do the same work for substantially less money than before; and that Citigroup Asset Management (“CAM”), the former Citigroup business unit that, at the time, included the Affected Funds’ investment manager and other investment advisory companies, had entered into a side letter with First Data under which CAM agreed to recommend the appointment of First Data as sub-transfer agent to the affiliated transfer agent in exchange for, among other things, a guarantee by First Data of specified amounts of asset management and investment banking fees to CAM and CGMI. The order also found that SBFM and CGMI willfully violated Section 206(2) of the Advisers Act by virtue of the omissions discussed above and other misrepresentations and omissions in the materials provided to the Affected Funds’ boards, including the failure to make clear that the affiliated transfer agent would earn a high profit for performing limited functions while First Data continued to perform almost all of the transfer agent functions, and the suggestion that the proposed arrangement was in the Affected Funds’ best interests and that no viable alternatives existed. SBFM and CGMI do not admit or deny any wrongdoing or liability. The settlement does not establish wrongdoing or liability for purposes of any other proceeding.

The SEC censured SBFM and CGMI and ordered them to cease and desist from violations of Sections 206(1) and 206(2) of the Advisers Act. The order required Citigroup to pay $208.1 million, including $109 million in disgorgement of profits, $19.1 million in interest, and a civil money
 
 
 

 
 
penalty of $80 million. Approximately $24.4 million has already been paid to the Affected Funds, primarily through fee waivers. The remaining $183.7 million, including the penalty, has been paid to the U.S. Treasury and will be distributed pursuant to a plan submitted for the approval of the SEC. At this time, there is no certainty as to how the above-described proceeds of the settlement will be distributed, to whom such distributions will be made, the methodology by which such distributions will be allocated, and when such distributions will be made. The order also required that transfer agency fees received from the Affected Funds since December 1, 2004, less certain expenses, be placed in escrow and provided that a portion of such fees may be subsequently distributed in accordance with the terms of the order. On April 3, 2006, an aggregate amount of approximately $9 million held in escrow was distributed to the Affected Funds.

The order required SBFM to recommend a new transfer agent contract to the Affected Fund’s boards within 180 days of the entry of the order; if a Citigroup affiliate submitted a proposal to serve as transfer agent or sub-transfer agent, SBFM and CGMI would have been required, at their expense, to engage an independent monitor to oversee a competitive bidding process. On November 21, 2005, and within the specified timeframe, the Affected Funds’ Boards selected a new transfer agent for the Affected Fund. No Citigroup affiliate submitted a proposal to serve as transfer agent. Under the order, SBFM also must comply with an amended version of a vendor policy that Citigroup instituted in August 2004.
 
 
 

 
 
Annex C

The following is a list of transactions in shares of the Issuer’s Common Stock, which to the best knowledge of Citigroup Inc., have been effected in the past 60 days in the ordinary course of business.  Citigroup Inc., through its subsidiaries, engaged in the following open market transactions, which are summarized below, to report (i) the total amount of shares that were the subject of transactions effected on each day and (ii) the lowest and highest price per share at which the transactions were effected:


Description of Security
Purchase (P) / Sale (S)
Date
Quantity
Low ($)
High ($)
Common Stock
P
5/23/2008
51,681
$92.87
$97.11
Common Stock
S
5/23/2008
28,223
$92.22
$97.11
Common Stock
SS
5/23/2008
27,815
$94.39
$96.65
Common Stock
P
5/27/2008
90,342
$93.31
$94.91
Common Stock
S
5/27/2008
31,168
$93.31
$95.39
Common Stock
SS
5/27/2008
30,021
$93.62
$94.75
Common Stock
P
5/28/2008
61,672
$91.60
$97.51
Common Stock
S
5/28/2008
38,222
$91.60
$97.70
Common Stock
SS
5/28/2008
18,800
$94.85
$95.80
Common Stock
P
5/29/2008
145,011
$97.14
$100.50
Common Stock
S
5/29/2008
34,852
$96.09
$100.20
Common Stock
SS
5/29/2008
20,700
$98.60
$99.58
Common Stock
P
5/30/2008
64,312
$100.61
$108.13
Common Stock
S
5/30/2008
38,560
$101.65
$108.13
Common Stock
SS
5/30/2008
32,100
$105.10
$105.80
Common Stock
P
6/2/2008
136,104
$109.26
$120.19
Common Stock
S
6/2/2008
115,666
$109.26
$120.23
Common Stock
SS
6/2/2008
77,415
$114.20
$120.23
Common Stock
P
6/3/2008
317,114
$118.00
$125.82
Common Stock
S
6/3/2008
149,601
$118.00
$125.19
Common Stock
SS
6/3/2008
196,369
$117.66
$125.37
Common Stock
P
6/4/2008
76,131
$118.40
$124.48
Common Stock
S
6/4/2008
59,905
$118.16
$124.20
Common Stock
SS
6/4/2008
20,621
$118.15
$124.27
Common Stock
P
6/5/2008
84,250
$121.40
$134.78
Common Stock
S
6/5/2008
51,150
$121.00
$134.77
Common Stock
SS
6/5/2008
21,425
$121.01
$134.45
Common Stock
P
6/6/2008
205,989
$135.00
$142.90
Common Stock
S
6/6/2008
59,229
$135.00
$142.59
Common Stock
SS
6/6/2008
145,437
$135.05
$142.17
Common Stock
P
6/9/2008
46,122
$134.28
$140.23
Common Stock
S
6/9/2008
37,404
$133.85
$140.23
Common Stock
SS
6/9/2008
5,727
$134.65
$139.93
Common Stock
P
6/10/2008
60,676
$130.50
$140.31
Common Stock
S
6/10/2008
41,098
$130.50
$139.86
Common Stock
SS
6/10/2008
18,214
$131.92
$139.11
Common Stock
P
6/11/2008
59,306
$135.24
$141.39
Common Stock
S
6/11/2008
14,001
$134.41
$141.12
Common Stock
SS
6/11/2008
22,350
$135.12
$139.88
 
 
 

 
 
Common Stock
P
6/12/2008
113,329
$137.00
$145.50
Common Stock
S
6/12/2008
61,992
$137.36
$145.56
Common Stock
SS
6/12/2008
5,005
$137.36
$141.56
Common Stock
P
6/13/2008
7,753
$139.78
$149.89
Common Stock
S
6/13/2008
9,001
$139.00
$149.89
Common Stock
SS
6/13/2008
475
$143.01
$143.14
Common Stock
P
6/16/2008
34,687
$151.00
$156.19
Common Stock
S
6/16/2008
8,788
$150.91
$156.00
Common Stock
SS
6/16/2008
25,800
$151.86
$155.88
Common Stock
P
6/17/2008
72,822
$152.00
$156.00
Common Stock
S
6/17/2008
22,988
$152.00
$156.00
Common Stock
SS
6/17/2008
47,400
$153.30
$153.66
Common Stock
P
6/18/2008
67,267
$148.25
$161.77
Common Stock
S
6/18/2008
40,261
$147.23
$161.39
Common Stock
SS
6/18/2008
349
$148.82
$153.95
Common Stock
P
6/19/2008
38,899
$148.34
$164.45
Common Stock
S
6/19/2008
19,520
$148.80
$164.45
Common Stock
SS
6/19/2008
201
$151.00
$160.20
Common Stock
P
6/20/2008
113,794
$50.00
$154.17
Common Stock
S
6/20/2008
73,529
$25.00
$154.00
Common Stock
SS
6/20/2008
13,200
$65.00
$149.50
Common Stock
P
6/23/2008
41,900
$144.41
$152.65
Common Stock
S
6/23/2008
21,498
$144.40
$152.19
Common Stock
SS
6/23/2008
200
$150.37
$150.37
Common Stock
P
6/24/2008
123,776
$138.26
$147.90
Common Stock
S
6/24/2008
41,582
$138.26
$147.00
Common Stock
SS
6/24/2008
83,100
$142.19
$145.46
Common Stock
P
6/25/2008
69,825
$128.28
$140.00
Common Stock
S
6/25/2008
115,426
$128.20
$140.58
Common Stock
SS
6/25/2008
16,600
$131.71
$140.05
Common Stock
P
6/26/2008
40,954
$135.54
$146.00
Common Stock
S
6/26/2008
35,225
$135.50
$146.10
Common Stock
P
6/27/2008
46,159
$144.00
$152.98
Common Stock
S
6/27/2008
34,751
$143.31
$153.00
Common Stock
SS
6/27/2008
4,400
$144.00
$150.51
Common Stock
P
6/30/2008
50,070
$149.10
$155.00
Common Stock
S
6/30/2008
34,525
$149.27
$155.67
Common Stock
SS
6/30/2008
18,420
$152.32
$153.31
Common Stock
P
7/1/2008
46,876
$148.10
$155.06
Common Stock
S
7/1/2008
38,987
$147.56
$155.06
Common Stock
SS
7/1/2008
1,720
$148.31
$153.90
Common Stock
P
7/2/2008
208,311
$130.00
$151.22
Common Stock
S
7/2/2008
137,119
$129.87
$151.22
Common Stock
SS
7/2/2008
1,408
$131.31
$148.00
Common Stock
P
7/3/2008
212,813
$119.26
$129.60
Common Stock
S
7/3/2008
187,100
$118.87
$129.71
Common Stock
SS
7/3/2008
135,100
$121.35
$127.88
Common Stock
P
7/7/2008
38,251
$125.27
$135.00
Common Stock
S
7/7/2008
29,316
$124.30
$135.00
Common Stock
SS
7/7/2008
15,013
$129.46
$134.62
 
 
 

 
 
Common Stock
P
7/8/2008
135,255
$112.31
$126.26
Common Stock
S
7/8/2008
197,066
$113.00
$126.26
Common Stock
SS
7/8/2008
7,602
$112.40
$124.00
Common Stock
P
7/9/2008
48,249
$123.50
$132.34
Common Stock
S
7/9/2008
62,824
$123.29
$132.67
Common Stock
SS
7/9/2008
3,941
$125.43
$131.83
Common Stock
P
7/10/2008
29,479
$115.31
$130.37
Common Stock
S
7/10/2008
23,538
$115.44
$129.43
Common Stock
SS
7/10/2008
705
$119.59
$129.97
Common Stock
P
7/11/2008
48,659
$127.21
$136.60
Common Stock
S
7/11/2008
80,115
$127.21
$137.89
Common Stock
SS
7/11/2008
2,854
$127.29
$136.39
Common Stock
P
7/14/2008
14,938
$134.73
$141.78
Common Stock
S
7/14/2008
14,079
$135.01
$141.00
Common Stock
SS
7/14/2008
2,900
$136.22
$138.83
Common Stock
P
7/15/2008
16,757
$120.86
$136.48
Common Stock
S
7/15/2008
86,297
$120.68
$136.48
Common Stock
SS
7/15/2008
342
$128.00
$136.00
Common Stock
P
7/16/2008
99,380
$130.35
$142.50
Common Stock
S
7/16/2008
219,747
$131.52
$142.50
Common Stock
SS
7/16/2008
61,020
$131.66
$142.24
Common Stock
P
7/17/2008
89,401
$109.61
$135.85
Common Stock
S
7/17/2008
204,393
$109.81
$136.00
Common Stock
SS
7/17/2008
27,135
$113.07
$134.29
Common Stock
P
7/18/2008
75,870
$107.10
$130.00
Common Stock
S
7/18/2008
67,725
$100.00
$117.07
Common Stock
SS
7/18/2008
13,600
$108.22
$116.48
Common Stock
P
7/21/2008
185,640
$107.77
$122.12
Common Stock
S
7/21/2008
154,180
$106.74
$122.61
Common Stock
SS
7/21/2008
137,800
$108.75
$120.15
Common Stock
P
7/22/2008
235,606
$109.02
$119.75
Common Stock
S
7/22/2008
64,709
$109.02
$119.75
Common Stock
SS
7/22/2008
166,530
$111.61
$113.51
Common Stock
P
7/23/2008
304,400
$109.60
$119.88
Common Stock
S
7/23/2008
240,399
$109.87
$120.67
Common Stock
SS
7/23/2008
22,279
$114.15
$120.70
Common Stock
P
7/24/2008
148,153
$110.78
$119.13
Common Stock
S
7/24/2008
112,684
$109.87
$119.13
Common Stock
SS
7/24/2008
21,053
$111.79
$114.84