X0202 4 2006-01-26 0 0000003952 ALLIED DEFENSE GROUP INC ADG 0001295984 Pirate Capital LLC 200 CONNECTICUT AVENUE 4TH FLOOR NORWALK CT 06854 0 0 1 0 0001333606 Hudson Thomas R Jr C/O PIRATE CAPITAL LLC 200 CONNECTICUT AVE 4TH FLOOR NORWALK CT 06854 0 0 1 0 Common Stock 2006-01-26 2006-01-26 4 P 0 3900 22.00 A 589100 I See footnote Common Stock 2006-01-27 2006-01-27 4 P 0 8700 22.33 A 597800 I See footnote Common Stock 2006-01-30 2006-01-30 4 P 0 10600 22.43 A 608400 I See footnote The securities beneficially owned by the Reporting Persons are held directly by Jolly Roger Fund LP, a limited partnership for which Pirate Capital LLC ("Pirate") serves as general partner, and Jolly Roger Offshore Fund LTD, an entity for which Pirate serves as investment advisor (the "Fund"). Pirate is deemed to be the indirect beneficial owner of the securities due to its position as general partner or investment advisor, as applicable, and its pecuniary interest in such shares is a fractional interest in such amount. Thomas R. Hudson Jr., as the sole managing member of Pirate is also deemed to be the indirect beneficial owner of such securities. The Reporting Persons disclaim beneficial ownership of any and all such amounts in excess of such actual pecuniary interest. /s/ Pirate Capital LLC, by Thomas R. Hudson Jr. its Portfolio Manager 2006-01-31 /s/ Thomas R. Hudson Jr. 2006-01-31