X0202 3 2007-03-08 0 0000902270 LENOX GROUP INC LNX 0001134119 CLINTON GROUP INC 9 WEST 57TH STREET, 26TH FLOOR NEW YORK, NY 10019 0 0 1 0 Common Stock, $0.01 par value per share 1537333 I See footnote (1) below Portfolio Swap 2008-06-16 2008-06-16 Common Stock, $0.01 par value per share 230500 I See footnote (1) below Actively Traded Swap 2008-02-12 2008-02-12 Common Stock, $0.01 par value per share 35100 I See footnote (1) below The securities beneficially owned by Clinton Group, Inc., a Delaware corporation ("CGI"), are owned directly by Clinton Multistrategy Master Fund, Ltd., a Cayman Islands company ("CMSF") and Clinton Special Opportunities Master Fund, Ltd., a Cayman Islands company ("CSO"). CGI is deemed to be the indirect beneficial owner of the securities reported herein by reason of its position as investment manager of CMSF and CSO. CGI disclaims beneficial ownership of any and all such securities in excess of their actual pecuniary interest. CMSF entered into a swap agreement with a securities broker under which, on a monthly basis, the broker is obligated to pay CMSF a sum equal to capital appreciation on the quantity of underlying Common Stock subject to the swap agreement and dividends paid during such period to holders of the Common Stock holding the same quantity of Common Stock as that subject to the swap agreement. CMSF is obligated to pay a sum equal to any depreciation in notional value in the underlying Common Stock subject to the swap agreement plus a fee equal to the product of the notional value of the underlying Common Stock subject to the swap agreement and Fed Rate plus a spread. Market close on June 16, 2008. CSO entered into a swap agreement with a securities broker under which, on a monthly basis, the broker is obligated to pay CSO a sum equal to capital appreciation on the quantity of underlying Common Stock subject to the swap agreement and dividends paid during such period to holders of the Common Stock holding the same quantity of Common Stock as that subject to the swap agreement. CSO is obligated to pay a sum equal to any depreciation in notional value in the underlying Common Stock subject to the swap agreement plus a fee equal to the product of the notional value of the underlying Common Stock subject to the swap agreement and Fed Rate plus a spread. Market close on February 12, 2008. /s/ Francis Ruchalski, in his capacity as the Comptroller of Clinton Group, Inc. 2007-03-16