-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G7rHuX/AH4EEixUH2E5rLSRwxuqf/vPotLswNmZ4XTqqH5lpAR6E+TEGjH+25Xjf NCgivrvEDkYbZWRSEwZJZg== 0000895345-06-000938.txt : 20061128 0000895345-06-000938.hdr.sgml : 20061128 20061127181237 ACCESSION NUMBER: 0000895345-06-000938 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061128 DATE AS OF CHANGE: 20061127 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL FUEL GAS CO CENTRAL INDEX KEY: 0000070145 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 131086010 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0905 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37191 FILM NUMBER: 061240349 BUSINESS ADDRESS: STREET 1: 6363 MAIN STREET CITY: WILLIAMSVILLE STATE: NY ZIP: 14221-5887 BUSINESS PHONE: 716-857-7000 MAIL ADDRESS: STREET 1: 6363 MAIN STREET STREET 2: 6363 MAIN STREET CITY: WILLIAMSVILLE STATE: NY ZIP: 14221-5887 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: New Mountain Vantage LP CENTRAL INDEX KEY: 0001349525 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 787 SEVENTH AVENUE STREET 2: 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-720-0300 MAIL ADDRESS: STREET 1: 787 SEVENTH AVENUE STREET 2: 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 pr13da.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (AMENDMENT NO. 1)* UNDER THE SECURITIES EXCHANGE ACT OF 1934 NATIONAL FUEL GAS COMPANY ------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $1 PER SHARE ------------------------------------------------------------------- (Title of Class of Securities) 636180101 --------------------------------------------------------- (CUSIP Number) STEVEN B. KLINSKY NEW MOUNTAIN VANTAGE, L.P. 787 SEVENTH AVENUE, 49TH FLOOR NEW YORK, NY 10019 (212) 720-0300 Copies to: PAUL REINSTEIN FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP ONE NEW YORK PLAZA NEW YORK, NY 10004-1980 (212) 859-8000 --------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) NOVEMBER 22, 2006 --------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: [ ] *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP NO. 636180101 Page 2 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE GP, L.L.C. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER NUMBER OF 0 SHARES 8 SHARED VOTING POWER BENEFICIALLY 4,674,524 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 4,674,524 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,674,524 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.6% 14 TYPE OF REPORTING PERSON OO SCHEDULE 13D CUSIP NO. 636180101 Page 3 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER NUMBER OF 0 SHARES 8 SHARED VOTING POWER BENEFICIALLY 869,100 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 869,100 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 869,100 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.0% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 636180101 Page 4 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER NUMBER OF 0 SHARES 8 SHARED VOTING POWER BENEFICIALLY 866,700 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 866,700 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 866,700 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.0% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 636180101 Page 5 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE (TEXAS), L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER NUMBER OF 0 SHARES 8 SHARED VOTING POWER BENEFICIALLY 632,100 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 632,100 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 632,100 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.8% 14 TYPE OF REPORTING PERSON PN SCHEDULE 13D CUSIP NO. 636180101 Page 6 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE ADVISERS, L.L.C. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER NUMBER OF 0 SHARES 8 SHARED VOTING POWER BENEFICIALLY 3,828,200 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 3,828,200 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,828,200 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6% 14 TYPE OF REPORTING PERSON OO SCHEDULE 13D CUSIP NO. 636180101 Page 7 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE (CAYMAN) LTD. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 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 7 SOLE VOTING POWER NUMBER OF 0 SHARES 8 SHARED VOTING POWER BENEFICIALLY 1,460,300 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 1,460,300 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,460,300 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.8% 14 TYPE OF REPORTING PERSON CO SCHEDULE 13D CUSIP NO. 636180101 Page 8 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NEW MOUNTAIN VANTAGE HOLDCO LTD. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 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 7 SOLE VOTING POWER NUMBER OF 0 SHARES 8 SHARED VOTING POWER BENEFICIALLY 1,460,300 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 1,460,300 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,460,300 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.8% 14 TYPE OF REPORTING PERSON CO SCHEDULE 13D CUSIP NO. 636180101 Page 9 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) STEVEN B. KLINSKY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS AF, PF 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 OF AMERICA 7 SOLE VOTING POWER NUMBER OF 0 SHARES 8 SHARED VOTING POWER BENEFICIALLY 6,134,824 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 6,134,824 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,134,824 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4% 14 TYPE OF REPORTING PERSON IN SCHEDULE 13D CUSIP NO. 636180101 Page 10 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) NMV SPECIAL HOLDINGS, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE 7 SOLE VOTING POWER NUMBER OF 0 SHARES 8 SHARED VOTING POWER BENEFICIALLY 2,306,624 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 2,306,624 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,306,624 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.8% 14 TYPE OF REPORTING PERSON 00 SCHEDULE 13D CUSIP NO. 636180101 Page 11 of 18 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 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 OF AMERICA 7 SOLE VOTING POWER NUMBER OF 667,190 SHARES 8 SHARED VOTING POWER BENEFICIALLY 2,306,624 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 630,640 REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 2,343,174 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,973,814 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.6% 14 TYPE OF REPORTING PERSON EP This Amendment No. 1, filed by New Mountain Vantage GP, L.L.C., a Delaware limited liability company ("Vantage GP"), New Mountain Vantage, L.P., a Delaware limited partnership ("NMV"), New Mountain Vantage (California), L.P., a Delaware limited partnership ("NMVC"), New Mountain Vantage (Texas), L.P., a Delaware limited partnership ("NMVT"), New Mountain Vantage Advisers, L.L.C., a Delaware limited liability company ("NMV Advisers"), New Mountain Vantage (Cayman) Ltd., a Cayman Islands exempt limited company ("NMV Offshore"), New Mountain Vantage HoldCo Ltd., a Cayman Islands exempt limited company ("NMV Offshore HoldCo"), Mr. Steven B. Klinsky (collectively, the "NMV Entities"), NMV Special Holdings, LLC, a Delaware limited liability company ("NMVSH"), and the California Public Employees' Retirement System, a unit of the California State and Consumer Services Agency charged with oversight of the Public Employees' Retirement Fund ("CalPERS"), (NMV Entities, NMVSH and CalPERS, collectively, the "Reporting Persons"), amends and supplements the Schedule 13D (the "Schedule 13D") filed by the Reporting Persons with the Securities and Exchange Commission (the "SEC") on October 30, 2006, relating to the common stock, par value $1 per share ("Common Stock"), of National Fuel Gas Company, a New Jersey corporation (the "Issuer"). NMV, NMVC, NMVT, NMV Offshore HoldCo, NMVSH and CalPERS are referred to together as the "Purchasers."(1) - --------------------- (1) Neither the present filing nor anything contained herein shall be construed as an admission that any Reporting Person constitutes a "person" for any purposes other than Section 13(d) of the Securities Exchange Act of 1934, as amended. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 is hereby amended and restated in its entirety as follows: The aggregate purchase price of the 6,802,014 shares of Common Stock owned by the Purchasers is $236,402,953.75, including brokerage commissions. The shares of Common Stock owned by the Purchasers were acquired with working capital. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is hereby amended and restated in its entirety as follows: (a). The aggregate percentage of shares of Common Stock reported owned by each person named herein is based upon 83,400,866 shares of Common Stock outstanding, which is the total number of shares of Common Stock outstanding as of July 31, 2006 as reported in the Issuer's Amended Quarterly Report on Form 10-Q for the quarter ended June 30, 2006, as filed with the Securities and Exchange Commission on September 14, 2006. As of the close of business on November 24, 2006, as described below, the Reporting Persons may be deemed to beneficially own an aggregate of 6,802,014 shares of Common Stock representing, in the aggregate, approximately 8.2% of the issued and outstanding shares of Common Stock. As of the close of business on November 24, 2006, Mr. Klinsky may be deemed to beneficially own an aggregate of 6,134,824 shares of Common Stock that may be deemed to be beneficially owned by NMV, NMVC, NMVT, NMV Offshore and NMVSH representing, in the aggregate, approximately 7.4% of the issued and outstanding shares of Common Stock. Mr. Klinsky disclaims beneficial ownership of the shares of Common Stock beneficially owned by NMV, NMVC, NMVT, NMV Offshore and NMVSH, to the extent that partnership interests or limited liability company interests in NMV, NMVC, NMVT, NMV Offshore and NMVSH are held by persons other than Mr. Klinsky. As of the close of business on November 24, 2006, NMV Advisers may be deemed to beneficially own an aggregate of 3,828,200 shares of Common Stock that may be deemed to be beneficially owned by NMV, NMVC, NMVT and NMV Offshore representing, in the aggregate, approximately 4.6% of the issued and outstanding shares of Common Stock. NMV Advisers disclaims beneficial ownership of the shares of Common Stock beneficially owned by NMV, NMVC, NMVT and NMV Offshore, to the extent that partnership interests in NMV, NMVC, NMVT and NMV Offshore are held by persons other than NMV Advisers. As of the close of business on November 24, 2006, Vantage GP may be deemed to beneficially own an aggregate of 4,674,524 shares of Common Stock that may be deemed to be beneficially owned by NMV, NMVC, NMVT and NMVSH representing, in the aggregate, approximately 5.6% of the issued and outstanding shares of Common Stock. Vantage GP disclaims beneficial ownership of the shares of Common Stock beneficially owned by NMV, NMVC, NMVT and NMVSH to the extent that partnership interests or limited liability company interests in NMV, NMVC, NMVT and NMVSH are held by persons other than Vantage GP. As of the close of business on November 24, 2006, NMV Offshore may be deemed to beneficially own an aggregate of 1,460,300 shares of Common Stock that may be deemed to be beneficially owned by NMV Offshore HoldCo, representing approximately 1.8% of the issued and outstanding shares of Common Stock. As of the close of business on November 24, 2006, (i) NMV may be deemed to beneficially own an aggregate of 869,100 shares of Common Stock, representing approximately 1.0% of the issued and outstanding shares of Common Stock, (ii) NMVC may be deemed to beneficially own an aggregate of 866,700 shares of Common Stock, representing approximately 1.0% of the issued and outstanding shares of Common Stock, (iii) NMVT may be deemed to beneficially own an aggregate of 632,100 shares of Common Stock, representing approximately 0.8% of the issued and outstanding shares of Common Stock and (iv) NMV Offshore HoldCo may be deemed to beneficially own an aggregate of 1,460,300 shares of Common Stock, representing approximately 1.8% of the issued and outstanding shares of Common Stock. As of the close of business on November 24, 2006, NMVSH may be deemed to beneficially own an aggregate of 2,306,624 shares of Common Stock, representing approximately 2.8% of the issued and outstanding shares of Common Stock. As of the close of business on November 24, 2006, CalPERS may be deemed to beneficially own an aggregate of 2,973,814 shares of Common Stock that may be deemed to be beneficially owned by NMVSH and by CalPERS, representing approximately 3.6% of the issued and outstanding shares of Common Stock. CalPERS disclaims beneficial ownership of the shares of Common Stock beneficially owned by NMVSH to the extent that membership interests in NMVSH are held by persons other than CalPERS. In addition to the foregoing, Mr. F. Fox Benton III, who has entered into a consulting agreement with New Mountain as discussed in Item 6, is the President, director and a shareholder of Moreno Energy, Inc., a Texas Corporation ("Moreno Energy"). Mr. Benton has advised the Reporting Persons that Moreno Energy may be deemed to beneficially own, as of October 27, 2006, an aggregate of 5,000 shares of Common Stock, representing less than ..01% of the issued and outstanding shares of Common Stock and that Mr. Benton may be deemed to beneficially own all of the shares of Common Stock that may be deemed to be beneficially owned by Moreno Energy. Moreno Energy is an energy investment company engaged principally in the business of owning direct interests in oil and gas properties and both private and public securities of energy companies. The principal business address of Moreno Energy is 8818 Stable Crest Blvd., Houston, TX 77024. No agreement or understanding exists between Mr. Benton or Moreno Energy, on the one hand, and any of the Reporting Persons, on the other hand, with respect to the disposition or the power to vote any of the shares of Common Stock that may be deemed to be beneficially owned by Moreno Energy or Mr. Benton or with respect to the acquisition by Mr. Benton or Moreno Energy of any additional shares of Common Stock. (b). Except as set forth below, each Reporting Person may be deemed to share the power to vote or direct the vote and to dispose or to direct the disposition of the shares of Common Stock that the Reporting Person may be deemed to beneficially own as described above. CalPERS may be deemed to have the sole power to vote or direct the vote and to dispose or to direct the disposition of the 630,640 shares of Common Stock that CalPERS owns directly. CalPERS may be deemed to share the power to dispose or to direct the disposition of the 36,550 shares of Common Stock that CalPERS beneficially owns through managers who manage stock portfolios on behalf of CalPERS and may be deemed to have the sole power to vote or direct the vote of such shares of Common Stock. (c). Schedule A annexed hereto lists all transactions in the shares of Common Stock during the past sixty days by the Reporting Persons. All of such transactions were effected in the open market, except 34,100 shares which were sold by CalPERS to NMVSH on 10/31/06 at the market price at time of transaction. (d). No person is known by any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock that may be deemed to be beneficially owned by any Reporting Person. (e). Not applicable. 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: November 27, 2006 NEW MOUNTAIN VANTAGE GP, L.L.C. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE, L.P. By: New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CALIFORNIA), L.P. By: New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (TEXAS), L.P. By: New Mountain Vantage GP, L.L.C., its general partner By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE ADVISERS, L.L.C. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member NEW MOUNTAIN VANTAGE (CAYMAN) LTD. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Director NEW MOUNTAIN VANTAGE HOLDCO LTD. By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Director /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky NMV SPECIAL HOLDINGS, LLC By: New Mountain Vantage GP, L.L.C., its managing member By: /s/ Steven B. Klinsky ----------------------- Steven B. Klinsky Managing Member CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM By: /s/ Christianna Wood ----------------------- Senior Investment Officer SCHEDULE A TRANSACTIONS IN THE PAST SIXTY DAYS BY THE PURCHASERS NMV - ----------------- ------------------------- ------------------------------ Date Shares of Common Stock Approximate Price per Share Purchased (inclusive of commissions) - ------------------ ------------------------- ------------------------------ - ------------------ ------------------------- ------------------------------ 10/6/2006 49,200 35.45 - ------------------ ------------------------- ------------------------------ 10/9/2006 200 35.53 - ------------------ ------------------------- ------------------------------ 10/10/2006 44,200 35.80 - ------------------ ------------------------- ------------------------------ 10/12/2006 3,400 36.04 - ------------------ ------------------------- ------------------------------ 10/16/2006 1,800 35.98 - ------------------ ------------------------- ------------------------------ 10/17/2006 37,500 36.04 - ----------------- -------------------------- ------------------------------ 10/17/2006 29,700 36.01 - ----------------- -------------------------- ------------------------------ 10/18/2006 59,400 36.12 - ----------------- -------------------------- ------------------------------ 10/19/2006 22,800 36.08 - ----------------- -------------------------- ------------------------------ NMVC - ----------------- ------------------------- ------------------------------ Date Shares of Common Stock Approximate Price per Share Purchased (inclusive of commissions) - ------------------ ------------------------- ------------------------------ - ------------------ ------------------------- ------------------------------ 10/6/2006 18,800 35.45 - ------------------ ------------------------- ------------------------------ 10/9/2006 100 35.53 - ------------------ ------------------------- ------------------------------ 10/10/2006 40,100 35.80 - ------------------ ------------------------- ------------------------------ 10/12/2006 3,500 36.04 - ------------------ ------------------------- ------------------------------ 10/16/2006 1,800 35.98 - ------------------ ------------------------- ------------------------------ 10/17/2006 38,300 36.04 - ------------------ ------------------------- ------------------------------ 10/17/2006 30,200 36.01 - ------------------ ------------------------- ------------------------------ 10/18/2006 59,100 36.12 - ------------------ ------------------------- ------------------------------ 10/19/2006 22,800 36.08 - ------------------ ------------------------- ------------------------------- NMVT - ----------------- ------------------------- ------------------------------ Date Shares of Common Stock Approximate Price per Share Purchased (inclusive of commissions) - ------------------ ------------------------- ------------------------------ - ------------------ ------------------------- ------------------------------ 9/29/2006 18,500 36.38 - ------------------ ------------------------- ------------------------------ 9/29/2006 26,100 36.38 - ------------------ ------------------------- ------------------------------ 10/2/2006 10,300 36.37 - ------------------ ------------------------- ------------------------------- 10/3/2006 5,600 36.34 - ------------------ ------------------------- ------------------------------- 10/3/2006 106,100 35.99 - ------------------ ------------------------- ------------------------------- 10/4/2006 127,300 35.72 - ------------------ ------------------------- ------------------------------- 10/6/2006 42,100 35.45 - ------------------ ------------------------- ------------------------------- 10/9/2006 200 35.53 - ------------------ ------------------------- ------------------------------- 10/10/2006 34,700 35.80 - ------------------ ------------------------- ------------------------------- 10/12/2006 2,500 36.04 - ------------------ ------------------------- ------------------------------- 10/16/2006 1,400 35.98 - ------------------ ------------------------- ------------------------------- 10/17/2006 27,800 36.04 - ------------------ ------------------------- ------------------------------- 10/17/2006 21,100 36.01 - ------------------ ------------------------- ------------------------------- 10/18/2006 43,700 36.12 - ------------------ ------------------------- ------------------------------- 10/19/2006 16,900 36.08 - ------------------ ------------------------- ------------------------------- NMVSH - ----------------- ------------------------- ------------------------------ Date Shares of Common Stock Approximate Price per Share Purchased (inclusive of commissions) - ------------------ ------------------------- ------------------------------ - ------------------ ------------------------- ------------------------------ 10/23/2006 478,100 36.80 - ------------------ ------------------------- ------------------------------ 10/24/2006 203,000 37.05 - ------------------ ------------------------- ------------------------------ 10/24/2006 57,900 37.00 - ------------------ ------------------------- ------------------------------ 10/26/2006 328,300 37.69 - ------------------ ------------------------- ------------------------------ 10/27/2006 292,700 37.73 - ------------------ ------------------------- ------------------------------ 10/30/2006 105,000 37.34 - ------------------ ------------------------- ------------------------------ 10/31/2006 34,100 37.36 - ------------------ ------------------------- ------------------------------ 10/31/2006 35,000 37.44 - ------------------ ------------------------- ------------------------------ 11/1/2006 250,000 37.38 - ------------------ ------------------------- ------------------------------ 11/3/2006 47,807 38.11 - ------------------ ------------------------- ------------------------------ 11/6/2006 32,917 37.98 - ------------------ ------------------------- ------------------------------ 11/7/2006 9,000 38.17 - ------------------ ------------------------- ------------------------------ 11/8/2006 3,700 38.23 - ------------------ ------------------------- ------------------------------ 11/9/2006 45,900 38.95 - ------------------ ------------------------- ------------------------------ 11/10/2006 29,700 38.00 - ------------------ ------------------------- ------------------------------ 11/10/2006 99,300 38.04 - ------------------ ------------------------- ------------------------------ 11/13/2006 161,000 37.61 - ------------------ ------------------------- ------------------------------ 11/22/2006 76,400 37.00 - ------------------ ------------------------- ------------------------------ 11/24/2006 16,800 37.28 - ------------------ ------------------------- ------------------------------ CalPERS - ----------------- ------------------------- ------------------------------ Date Shares of Common Stock Approximate Price per Share Purchased (inclusive of commissions) - ------------------ ------------------------- ------------------------------ - ------------------ ------------------------- ------------------------------ 9/28/2006 300 36.74 - ------------------ ------------------------- ------------------------------ 9/29/2006 (500) 36.36 - ------------------ ------------------------- ------------------------------ 10/10/2006 (5,600) 35.77 - ------------------ ------------------------- ------------------------------ 10/11/2006 (6,600) 35.96 - ------------------ ------------------------- ------------------------------ 10/12/2006 (8,700) 36.10 - ------------------ ------------------------- ------------------------------ 10/16/2006 (8,000) 36.36 - ------------------ ------------------------- ------------------------------ 10/18/2006 (5,200) 36.10 - ------------------ ------------------------- ------------------------------ 10/20/2006 (1,400) 36.43 - ------------------ ------------------------- ------------------------------ 10/23/2006 (68,800) 36.88 - ------------------ ------------------------- ------------------------------ 10/23/2006 (13,700) 36.82 - ------------------ ------------------------- ------------------------------ 10/25/2006 (1,000) 37.63 - ------------------ ------------------------- ------------------------------ 10/25/2006 (8,500) 37.63 - ------------------ ------------------------- ------------------------------ 10/26/2006 (1,650) 37.88 - ------------------ ------------------------- ------------------------------ 10/27/2006 (10,800) 37.77 - ------------------ ------------------------- ------------------------------ 10/30/2006 (5,500) 37.34 - ------------------ ------------------------- ------------------------------ 10/31/2006 (4,300) 37.48 - ------------------ ------------------------- ------------------------------ 10/31/2006 (34,100) 37.36 - ------------------ ------------------------- ------------------------------ 11/1/2006 (12,600) 37.31 - ------------------ ------------------------- ------------------------------ -----END PRIVACY-ENHANCED MESSAGE-----