-----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, H+VrjRyB29iuAgzOQnqS4uImnCCwijy6AdFgTlk0jJR+PDRi7fd9l8QC6fJu4Phy Qio+2iFdFZxvLqdFynhIag== 0000927016-01-001225.txt : 20010312 0000927016-01-001225.hdr.sgml : 20010312 ACCESSION NUMBER: 0000927016-01-001225 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010308 GROUP MEMBERS: HIGHFIELDS CAPITAL MANAGEMENT LP GROUP MEMBERS: HIGHFIELDS GP LLC GROUP MEMBERS: JONATHON S JACOBSON GROUP MEMBERS: RICHARD L GRUBMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SCOTT TECHNOLOGIES INC CENTRAL INDEX KEY: 0000720032 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 521297376 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-34754 FILM NUMBER: 1564094 BUSINESS ADDRESS: STREET 1: ONE CHAGRIN HIGHLANDS STREET 2: 2000 AUBURN DRIVE SUITE 400 CITY: BEACHWOOD STATE: OH ZIP: 44124 BUSINESS PHONE: 4404461333 MAIL ADDRESS: STREET 1: ONE CHAGRIN HIGHLANDS STREET 2: 2000 AUBURN DRIVE SUITE 400 CITY: BEACHWOOD STATE: OH ZIP: 44124 FORMER COMPANY: FORMER CONFORMED NAME: FIGGIE INTERNATIONAL INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIGGIE INTERNATIONAL HOLDINGS INC DATE OF NAME CHANGE: 19870112 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHFIELDS CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001079563 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 200 CLARENDON STREET 51ST FLOOR CITY: BOSTON STATE: MA ZIP: 02117 BUSINESS PHONE: 6178507500 SC 13D 1 0001.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 SCOTT TECHNOLOGIES, INC. - -------------------------------------------------------------------------------- (Name of issuer) Common Stock, par value $.10 per share - -------------------------------------------------------------------------------- (Title of class of securities) 810022301 ------------------------------------------------------ (CUSIP number) Highfields Capital Management LP Attention: Kenneth H. Colburn 200 Clarendon Street 51st Floor Boston, MA 02117 (617) 850-7570 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) March 8, 2001 ------------------------------------------------------ (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X]. (Continued on the following pages) (Page 1 of 13 Pages) _______________________________ *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 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. - ------------------ ------------------ CUSIP No.810022301 13D Page 2 of 13 pages - ------------------ ------------------ - ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Highfields Capital Management LP - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 954,160 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 954,160 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 954,160 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.63% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 PN - ------------------------------------------------------------------------------ - ------------------------------ ---------------------------- CUSIP No. 810022301 13D Page 3 of 13 pages - ------------------------------ ---------------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Highfields GP LLC - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 954,160 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 954,160 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 954,160 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.63% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 OO - ------------------------------------------------------------------------------ - ------------------------------ ---------------------------- CUSIP No. 810022301 13D Page 4 of 13 pages - ------------------------------ ---------------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Jonathon S. Jacobson - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 954,160 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 954,160 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 954,160 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.63% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN - ------------------------------------------------------------------------------ - ------------------------------ ---------------------------- CUSIP No. 810022301 13D Page 5 of 13 pages - ------------------------------ ---------------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Richard L. Grubman - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 954,160 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 954,160 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 954,160 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.63% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN - ------------------------------------------------------------------------------ - ----------------------------- -------------------------- CUSIP No. 810022301 13D Page 6 of 13 pages - ----------------------------- -------------------------- Item 1. Security and Issuer. ------------------- The securities to which this statement relates are the shares of Common Stock, par value $.10 per share (the "Shares"), of Scott Technologies, Inc., a Delaware corporation (the "Company"). The principal executive offices of the Company are located at One Chagrin Highlands, 2000 Auburn Drive, Suite 400, Beachwood, OH 44122 . Item 2. Identity and Background. ----------------------- (a), (b) and (c) This statement is being filed by the following persons: Highfields Capital Management LP, a Delaware limited partnership ("Highfields Capital Management"), Highfields GP LLC, a Delaware limited liability company ("Highfields GP"), Jonathon S. Jacobson and Richard L. Grubman. Highfields Capital Management, Highfields GP, Mr. Jacobson and Mr. Grubman are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons" or "Highfields." Highfields Capital Management is principally engaged in the business of providing investment management services to the following investment funds: Highfields Capital I LP, a Delaware limited partnership ("Highfields I"), Highfields Capital II LP, a Delaware limited partnership ("Highfields II"), and Highfields Capital Ltd., an exempted limited company organized under the laws of the Cayman Islands, B.W.I. ("Highfields Ltd." and, together with Highfields I and Highfields II, the "Funds"). The business address and principal executive offices of Highfields Capital Management are 200 Clarendon Street, 51st Floor, Boston, Massachusetts 02117. Highfields GP is the General Partner of Highfields Capital Management. Highfields GP's principal business is serving as the General Partner of Highfields Capital Management. The business address and principal executive offices of Highfields GP are 200 Clarendon Street, 51st Floor, Boston, Massachusetts 02117. Mr. Jacobson is a Managing Member of Highfields GP and his business address is 200 Clarendon Street, 51st Floor, Boston, Massachusetts 02117. Mr. Jacobson also is a Managing Director of Highfields Capital Management and in such capacity acts as a portfolio manager of the Funds. Mr. Grubman is a Managing Member of Highfields GP and his business address is 200 Clarendon Street, 51st Floor, Boston, Massachusetts 02117. Mr. Grubman also is a Managing Director of Highfields Capital Management and in such capacity acts as a portfolio manager of the Funds. The Shares to which this Schedule 13D relates are owned directly by the Funds. - ----------------------------- -------------------------- CUSIP No. 810022301 13D Page 7 of 13 pages - ----------------------------- -------------------------- (d) and (e) During the last five years, none of the persons identified in this Item 2 has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors), or has been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is 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 violations with respect to such laws. (f) Each natural person identified in this Item 2 is a citizen of the United States. Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- The aggregate purchase price of the 87,812 Shares owned by Highfields I was $2,009,707, inclusive of brokerage commissions. The aggregate purchase price of the 184,160 Shares owned by Highfields II was $4,214,773, inclusive of brokerage commissions. The aggregate purchase price of the 682,188 Shares owned by Highfields Ltd. was $15,612,876, inclusive of brokerage commissions. Each of Highfields I, Highfields II and Highfields Ltd. used its own assets to purchase such Shares, which may at any given time include funds borrowed in the ordinary course in their margin accounts. Item 4. Purpose of Transaction. ---------------------- The Shares reported in this filing were purchased and held in the ordinary course of business and for investment purposes only on behalf of the Funds, over which Highfields Capital Management has sole discretionary investment and voting power. In this regard, Highfields filed a Schedule 13G reporting its ownership of 5% or more of the outstanding Shares. In response to the Company's announcement of the proposed merger of the Company with Tyco International Ltd. ("Tyco"), Highfields is now converting its ownership filing on Schedule 13G to a filing on Schedule 13D. Based upon a review of publicly available information, including the Registration Statement on Form S-4 filed by Tyco with the Securities and Exchange Commission on February 23, 2001, Highfields opposes the proposed merger of the Company with Tyco in which each share of common stock of the Company would be exchanged for shares of common stock of Tyco having a value of $23.00. Highfields considers the proposed merger consideration of $23.00 per share to be inadequate. Consequently, Highfields intends to vote its shares against the proposed merger with Tyco at the meeting of Company shareholders to be called for such purpose. - ----------------------------- -------------------------- CUSIP No. 810022301 13D Page 8 of 13 pages - ----------------------------- -------------------------- In addition to the foregoing, Highfields may consider the feasibility and advisability of various alternative courses of action with respect to its investment in the Company, and Highfields reserves the right, subject to applicable law, (i) to hold its Shares as a passive investor or as an active investor (whether or not as a member of a "group" with other beneficial owners of Shares or otherwise), (ii) to acquire beneficial ownership of additional Shares in the open market, in privately negotiated transactions or otherwise, (iii) to dispose of all or part of its holdings of Shares, (iv) to take other actions which could involve one or more of the types of transactions or have one or more of the results described in Item 4 of this Schedule 13D, or (v) to change its intention with respect to any or all of the matters referred to in this Item 4. Highfields' decisions and actions with respect to such possibilities will depend upon a number of factors, including, but not limited to, the actions of the Company, market activity in the shares, an evaluation of the Company and its prospects, general market and economic conditions, conditions specifically affecting Highfields and other factors which Highfields may deem relevant to its investment decisions. Except as set forth herein, no contract, arrangement, relationship or understanding (either oral or written) exists among the Reporting Persons as to the acquisition, disposition, voting or holding of Shares. Except as set forth herein, no Reporting Person has any present plan or proposal that would result in or relate to any of the transactions required to be described in Item 4 of Schedule 13D. Item 5. Interest in Securities of Issuer. -------------------------------- (a) and (b) As of March 7, 2001, Highfields I, Highfields II and Highfields Ltd. owned beneficially 87,812, 184,160 and 682,188 Shares, respectively, representing approximately 0.52%, 1.09% and 4.02%, respectively, of the 16,947,488 Shares outstanding as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2000 (the "Form 10-Q"). --------- As of March 7, 2001, Highfields Capital Management in its capacity as investment manager of the Funds, had sole voting and dispositive power with respect to all 954,160 Shares owned beneficially by the Funds, representing approximately 5.63% of the 16,947,488 Shares outstanding as reported in the Form 10-Q. As of March 7, 2001, Highfields GP, through its control of Highfields Capital Management, had sole voting and dispositive power with respect to all 954,160 Shares owned beneficially by Highfields Capital Management, representing approximately 5.63% of the 16,947,488 Shares outstanding as reported in the form 10-Q. As of March 7, 2001, Mr. Grubman, in his capacity as a Managing Member of Highfields GP and Portfolio Manager of Highfields Capital Management, had sole voting and dispositive power with respect to all 954,160 Shares owned beneficially by Highfields GP, representing approximately 5.63% of the 16,947,488 Shares outstanding as reported in the Form 10-Q. - ----------------------------- -------------------------- CUSIP No. 810022301 13D Page 9 of 13 pages - ----------------------------- -------------------------- As of March 7, 2001, Mr. Jacobson, in his capacity as a Managing Member of Highfields GP and Portfolio Manager of Highfields Capital Management, had sole voting and dispositive power with respect to all 954,160 Shares owned beneficially by Highfields GP, representing approximately 5.63% of the 16,947,488 Shares outstanding as reported in the Form 10-Q. (c) Information with respect to all transactions in the Shares beneficially owned by the Reporting Persons which were effected during the past sixty days is set forth in Schedule A hereto and incorporated herein by ---------- reference. (d) None. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With ------------------------------------------------------------- Respect to Securities of the Issuer. ----------------------------------- Except as set forth in Item 4 of this Schedule 13D, none of the Reporting Persons has any contract, arrangement, understanding or relationship (legal or otherwise) with any person with respect to any securities of the Company including, but not limited to, any contract, arrangement, understanding or relationship concerning the transfer or the voting of any securities of the Company, joint ventures, loan or option arrangements, puts or calls, guaranties of profits, division of profits or losses, or the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits. -------------------------------- None. - ----------------------------- -------------------------- CUSIP No. 810022301 13D Page 10 of 13 pages - ----------------------------- -------------------------- SIGNATURES After reasonable inquiry and to the best of his, her or its knowledge and belief, each of the person's signing below certifies that the information set forth in this statement is true, complete and correct. Date: March 8, 2001 HIGHFIELDS CAPITAL MANAGEMENT LP ------------- By: Highfields GP LLC, its General Partner /s/ KENNETH H. COLBURN ---------------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory ---------------------------------------------- Name/Title HIGHFIELDS GP LLC /s/ KENNETH H. COLBURN ---------------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory ---------------------------------------------- Name/Title JONATHON S. JACOBSON /s/ KENNETH H. COLBURN ---------------------------------------------- Signature Kenneth H. Colburn, Attorney-in-Fact ---------------------------------------------- Name/Title RICHARD L. GRUBMAN /s/ KENNETH H. COLBURN ---------------------------------------------- Signature Kenneth H. Colburn, Attorney-in-Fact ---------------------------------------------- Name/Title - ----------------------------- ------------------------- CUSIP No. 810022301 13D Page 11 of 13 pages - ----------------------------- ------------------------- Schedule A ---------- INFORMATION WITH RESPECT TO TRANSACTIONS OF THE REGISTRANT'S COMMON STOCK BY HIGHFIELDS I DURING THE PAST SIXTY DAYS Number of Shares Price of Common Stock Per Date Purchased/(Sold)(1) Share($)(2) ---- ------------------- ----------- 2/9/01 10,123 22.85 2/9/01 9,203 22.74 2/9/01 267 22.88 2/9/01 20,109 22.83 2/12/01 15,467 22.96 2/12/01 920 22.79 2/13/01 4,177 22.94 2/13/01 1,472 22.92 2/14/01 1,086 22.81 2/14/01 4,602 22.85 2/15/01 2,209 22.85 2/15/01 920 22.94 2/16/01 9,203 23.00 2/16/01 930 22.94 2/20/01 1,841 22.91 2/21/01 258 22.88 2/22/01 9 22.88 2/26/01 690 22.79 2/26/01 1,841 22.81 2/27/01 1,841 22.79 3/5/01 644 22.77 Total: 87,812 ___________________ (1) All purchases/sales were effected through open market or privately negotiated transactions. (2) Price per share excludes brokerage commissions. - ----------------------------- -------------------------- CUSIP No. 810022301 13D Page 12 of 13 pages - ----------------------------- -------------------------- INFORMATION WITH RESPECT TO TRANSACTIONS OF THE REGISTRANT'S COMMON STOCK BY HIGHFIELDS II DURING THE PAST SIXTY DAYS Number of Shares Price of Common Stock Per Date Purchased/(Sold)(1) Share($)(2) ---- ------------------- ----------- 2/9/01 21,231 22.85 2/9/01 19,301 22.74 2/9/01 560 22.88 2/9/01 42,173 22.83 2/12/01 32,437 22.96 2/12/01 1,930 22.79 2/13/01 8,762 22.94 2/13/01 3,088 22.92 2/14/01 2,278 22.81 2/14/01 9,650 22.85 2/15/01 4,632 22.85 2/15/01 1,930 22.94 2/16/01 19,301 23.00 2/16/01 1,949 22.94 2/20/01 3,860 22.91 2/21/01 540 22.88 2/22/01 19 22.88 2/26/01 1,448 22.79 2/26/01 3,860 22.81 2/27/01 3,860 22.79 3/5/01 1,351 22.77 Total: 184,160 ___________________ (1) All purchases/sales were effected through open market or privately negotiated transactions. (2) Price per share excludes brokerage commissions. - ----------------------------- -------------------------- CUSIP No. 810022301 13D Page 13 of 13 pages - ----------------------------- -------------------------- INFORMATION WITH RESPECT TO TRANSACTIONS OF THE REGISTRANT'S COMMON STOCK BY HIGHFIELDS LTD. DURING THE PAST SIXTY DAYS Number of Shares Price of Common Stock Per Date Purchased/(Sold)(1) Share($)(2) ---- ------------------- ----------- 2/9/01 78,646 22.85 2/9/01 71,496 22.74 2/9/01 2,073 22.88 2/9/01 156,218 22.83 2/12/01 120,156 22.96 2/12/01 7,150 22.79 2/13/01 32,461 22.94 2/13/01 11,440 22.92 2/14/01 8,436 22.81 2/14/01 35,748 22.85 2/15/01 17,159 22.85 2/15/01 7,150 22.94 2/16/01 71,496 23.00 2/16/01 7,221 22.94 2/20/01 14,299 22.91 2/21/01 2,002 22.88 2/22/01 72 22.88 2/26/01 5,362 22.79 2/26/01 14,299 22.81 2/27/01 14,299 22.79 3/5/01 5,005 22.77 Total: 682,188 ___________________ (1) All purchases/sales were effected through open market or privately negotiated transactions. (2) Price per share excludes brokerage commissions. -----END PRIVACY-ENHANCED MESSAGE-----