-----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, GvCLPpY2ZMQctrsjSS2C1Nge4PVo7xjJEtdPcNMnK1Wy1UdZzVSzz5Dn7NN15Bqs cB0LustvMaupzNoifmSAXQ== 0000913264-05-000111.txt : 20051229 0000913264-05-000111.hdr.sgml : 20051229 20051229132425 ACCESSION NUMBER: 0000913264-05-000111 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051229 DATE AS OF CHANGE: 20051229 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MIDWAY GAMES INC CENTRAL INDEX KEY: 0001022080 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 222906244 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49599 FILM NUMBER: 051290744 BUSINESS ADDRESS: STREET 1: 2704 WEST ROSCOE STREET CITY: CHICAGO STATE: IL ZIP: 60618 BUSINESS PHONE: 7739612222 MAIL ADDRESS: STREET 1: 2704 WEST ROSCOE STREET CITY: CHICAGO STATE: IL ZIP: 60618 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL AMUSEMENTS INC /MD/ CENTRAL INDEX KEY: 0000913264 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 042261332 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 200 ELM STREET CITY: DEDHAM STATE: MA ZIP: 02026 BUSINESS PHONE: 6174611600 MAIL ADDRESS: STREET 1: 200 ELM STREET CITY: DEBHAM STATE: MA ZIP: 02026 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL AMUSEMENTS INC DATE OF NAME CHANGE: 19931008 SC 13D/A 1 m13d-a89.txt AMEND. #89 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 89) Under the Securities Exchange Act of 1934 MIDWAY GAMES INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 598-148-104 - -------------------------------------------------------------------------------- (CUSIP Number) Sumner M. Redstone 200 Elm Street Dedham, Massachusetts 02026 Telephone: (781) 461-1600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 28, 2005 - -------------------------------------------------------------------------------- (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 ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the following box / /. Check the following box if a fee is being paid with this statement / /. CUSIP No. 598-148-104 Schedule 13D/A - -------------------------------------------------------------------------------- NAME OF REPORTING PERSONS S.S. or I.R.S. Identification No. of Above Person 1 SUMNER M. REDSTONE S.S. No. - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) |_| (b) |_| - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS (See Instructions) 4 - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------------------------------------------------------------------------- SOLE VOTING POWER 7 24,867,114** NUMBER OF ------------------------------------------------------- SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 80,028,766* EACH ------------------------------------------------------- REPORTING SOLE DISPOSITIVE POWER PERSON 9 WITH 24,867,114** ------------------------------------------------------- SHARED DISPOSITIVE POWER 10 80,028,766* - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 80,028,766* - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) |_| - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 89.25% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON (See Instructions) 14 IN - -------------------------------------------------------------------------------- * Includes shares owned by National Amusements, Inc. and shares owned by Sumco, Inc. ** Does not include 17,500 shares owned by Mr. Sumner Redstone's wife, Mrs. Paula Redstone, over which she has sole dispositive and voting power. CUSIP No. 598-148-104 Schedule 13D/A - -------------------------------------------------------------------------------- NAME OF REPORTING PERSONS S.S. or I.R.S. Identification No. of Above Person 1 NATIONAL AMUSEMENTS, INC. I.R.S. No. 04-2261332 - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) |_| (b) |_| - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS (See Instructions) 4 - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Maryland - -------------------------------------------------------------------------------- SOLE VOTING POWER 7 0 NUMBER OF ------------------------------------------------------- SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 55,161,652* EACH ------------------------------------------------------- REPORTING SOLE DISPOSITIVE POWER PERSON 9 WITH 0 ------------------------------------------------------- SHARED DISPOSITIVE POWER 10 55,161,652* - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 55,161,652* - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) |_| - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 61.52% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON (See Instructions) 14 CO - -------------------------------------------------------------------------------- * Includes shares owned by Sumco, Inc. CUSIP No. 598-148-104 Schedule 13D/A - -------------------------------------------------------------------------------- NAME OF REPORTING PERSONS 1 S.S. or I.R.S. Identification No. of Above Person Sumco, Inc. - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) |_| (b) |_| - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS (See Instructions) 4 - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - -------------------------------------------------------------------------------- SOLE VOTING POWER 7 0 NUMBER OF ------------------------------------------------------- SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 32,784,673 EACH ------------------------------------------------------- REPORTING SOLE DISPOSITIVE POWER PERSON 9 WITH 0 ------------------------------------------------------- SHARED DISPOSITIVE POWER 10 32,784,673 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 32,784,673 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) |_| - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 36.56% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON (See Instructions) 14 CO - -------------------------------------------------------------------------------- Item 1. Security and Issuer. This Amendment No. 89 amends the Statement on Schedule 13D previously filed with the SEC by Mr. Sumner M. Redstone and National Amusements, Inc. ("NAI") with respect to the voting common stock, $.01 par value per share (the "Common Shares"), of Midway Games, Inc. (the "Issuer"), a Delaware corporation, with its principal executive office located at 2704 West Roscoe Street, Chicago, IL 60618. Item 2. Identity and Background. Item 2 is amended and restated in its entirety as follows: "This Statement is being jointly filed by Mr. Sumner M. Redstone, NAI and Sumco, Inc. (together, the "Reporting Persons"). Sumco, Inc., a Delaware corporation ("Sumco"), has its principal office at 200 Elm Street, Dedham, Massachusetts 02026. Sumco's sole business is to hold cash and securities of the Issuer pursuant to the agreement, dated December 28, 2005 between Sumco and Sumner M. Redstone (as described in Item 6 below). NAI, a Maryland corporation, has its principal office at 200 Elm Street, Dedham, Massachusetts 02026. NAI's principal businesses are owning and operating movie theaters in the United States, the United Kingdom, Russia and South America and holding the common stock of NAIRI, Inc., a Delaware corporation. Mr. Sumner M. Redstone holds approximately 66 2/3% of the voting securities of NAI as a voting trustee of a trust. Sumner M. Redstone is an individual whose business address is c/o National Amusements, Inc., 200 Elm Street, Dedham, Massachusetts 02026. Sumner M. Redstone is the Chairman of the Board and Chief Executive Officer of Viacom, Inc. Effective upon the separation of Viacom, Inc. (into two separately traded public companies), Mr. Redstone's principal occupation shall be Executive Chairman of the Board and Founder of Viacom Inc. and Executive Chairman of the Board and Founder of CBS, Inc. Serendi, Inc., a Delaware corporation ("Serendi"), is a wholly owned subsidiary of NAI and was created solely to serve as a pass-through entity in connection with the transaction described in Item 6 below. Other than pursuant to the directions received from NAI, Serendi does not have or share the voting power or investment power within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, with respect to the Common Shares of the Issuer. The directors and executive officers of each of NAI and Sumco are set forth on Exhibit A attached hereto. Exhibit A sets forth the following information with respect to each such person: (i) name; (ii) business address; and (iii) present principal occupation or employment and the name, principal business address of any corporation or other organization in which such employment is conducted. During the last five years, none of the Reporting Persons nor, to the best knowledge of each of the Reporting Persons, any person named in Exhibit A attached hereto has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a 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 violation with respect to such laws. Exhibit A is incorporated herein by reference. All of the directors of each of NAI and Sumco, including Mr. Sumner Redstone, are citizens of the United States." Item 3. Source and Amount of Funds or Other Considerations. The funds contributed by each of NAI, indirectly through Serendi, and Mr. Sumner M. Redstone in connection with the transaction described in Item 6 below, were made from general corporate funds of NAI, and personal funds of Mr. Sumner M. Redstone, respectively. In addition to the transaction described in Item 6 below, NAI has acquired additional Common Shares of the Issuer since the prior amendment to the Statement on Schedule 13D. The funds used in connection with the purchase of such Common Shares as reported in this Amendment No. 89 to the Statement on Schedule 13D by NAI have been made by using working capital as well as through margin and cash accounts at Bear Stearns. Item 4. Purpose of Transaction. Item 4 is hereby amended as follows: On December 28, 2005, Mr. Sumner M. Redstone and NAI entered into the agreement described in Item 6 below. NAI's motivation with respect to the agreement, among other things, is to increase its investment in and achieve control over, the Issuer as provided in the agreement and to provide NAI with an opportunity to ensure that Mr. Sumner M. Redstone's shares of NAI stock, which are pledged as collateral to secure the Citicorp debt described herein, can be released from being encumbered from such loan and Mr. Sumner M. Redstone's motivation with respect to the agreement, among other things, is to allow him to engage in tax and estate planning and reduce certain personal indebtedness. The transactions reported on this Amendment No. 89 to the Statement on Schedule 13D do not in any way change the intentions of the Reporting Persons with respect to the Issuer. Item 5. Interest in Securities of the Issuer. (a) NAI is currently the beneficial owner, with shared dispositive and voting power of 22,376,979 Common Shares directly owned by NAI, or approximately 24.96%, of the issued and outstanding Common Shares of the Issuer (based upon the number of Common Shares that were reported by the Issuer to be issued and outstanding as of November 3, 2005). As a result of its indirect stock ownership in Sumco, NAI is deemed the beneficial owner of an additional 32,784,673 Common Shares of the issued and outstanding Common Shares of the Issuer. As a result, NAI is directly or indirectly, the beneficial owner of 55,161,652 Common Shares in the aggregate, or approximately 61.52% of the issued and outstanding Common Shares of the Issuer (based upon the number of Common Shares that were reported by the Issuer to be issued and outstanding as of November 3, 2005). Sumco is currently the beneficial owner, with shared dispositive and voting power of 32,784,673 Common Shares, or approximately 36.56%, of the issued and outstanding Common Shares of the Issuer (based upon the number of Common Shares that were reported by the Issuer to be issued and outstanding as of November 3, 2005). (b) Mr. Sumner M. Redstone is currently the beneficial owner, with sole dispositive and voting power, of 24,867,114 Common Shares directly owned by him, or approximately 27.73%, of the issued and outstanding Common Shares of the Issuer (based upon the number of Common Shares that were reported by Midway to be issued and outstanding as of November 3, 2005). As a result of his stock ownership in NAI, Mr. Sumner M. Redstone is deemed the beneficial owner of an additional 55,161,652 Common Shares, owned by NAI and Sumco. Accordingly, Mr. Sumner M. Redstone is the beneficial owner of 80,028,766 Common Shares in the aggregate, or approximately 89.25% of the issued and outstanding Common Shares of the Issuer (based upon the number of Common Shares that were reported by the Issuer to be issued and outstanding as of November 3, 2005) and his beneficial ownership of the Common Shares of the Issuer remains unchanged as result of the transactions contemplated in the agreement, as described in Item 6 below. (c) Transactions effected since the filing of the Statement on Schedule 13D Amendment No. 88 filed with the SEC on December 2, 2005: All of the following transactions were executed by Bear Stearns, New York, N.Y. TRANSACTIONS EXECUTED UNDER NATIONAL AMUSEMENTS, INC.'S NAME - -------------------------------------------------------------------------------- DATE NO. SHARES PRICE 12/2/05 2,000 22.10 - -------------------------------------------------------------------------------- 12/2/05 100 22.11 - -------------------------------------------------------------------------------- 12/2/05 900 22.15 - -------------------------------------------------------------------------------- 12/2/05 3,000 22.21 - -------------------------------------------------------------------------------- 12/2/05 500 22.31 - -------------------------------------------------------------------------------- 12/2/05 100 22.33 - -------------------------------------------------------------------------------- 12/2/05 1,500 22.34 - -------------------------------------------------------------------------------- 12/2/05 1,500 22.35 - -------------------------------------------------------------------------------- 12/2/05 2,000 22.36 - -------------------------------------------------------------------------------- 12/2/05 3,100 22.37 - -------------------------------------------------------------------------------- 12/2/05 3,000 22.38 - -------------------------------------------------------------------------------- 12/2/05 2,700 22.39 - -------------------------------------------------------------------------------- 12/2/05 2,500 22.40 - -------------------------------------------------------------------------------- 12/2/05 2,500 22.41 - -------------------------------------------------------------------------------- 12/2/05 500 22.43 - -------------------------------------------------------------------------------- 12/2/05 2,100 22.44 - -------------------------------------------------------------------------------- 12/2/05 1,700 22.45 - -------------------------------------------------------------------------------- 12/2/05 2,200 22.46 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/2/05 2,100 22.48 - -------------------------------------------------------------------------------- 12/2/05 2,500 22.49 - -------------------------------------------------------------------------------- 12/2/05 7,600 22.50 - -------------------------------------------------------------------------------- 12/2/05 1,300 22.51 - -------------------------------------------------------------------------------- 12/2/05 3,500 22.52 - -------------------------------------------------------------------------------- 12/2/05 1,100 22.53 - -------------------------------------------------------------------------------- 12/5/05 1,000 22.47 - -------------------------------------------------------------------------------- 12/5/05 200 22.65 - -------------------------------------------------------------------------------- 12/5/05 1,600 22.70 - -------------------------------------------------------------------------------- 12/5/05 7,300 22.72 - -------------------------------------------------------------------------------- 12/5/05 1,700 22.73 - -------------------------------------------------------------------------------- 12/5/05 700 22.80 - -------------------------------------------------------------------------------- 12/5/05 700 22.81 - -------------------------------------------------------------------------------- 12/5/05 1,000 22.83 - -------------------------------------------------------------------------------- 12/5/05 1,900 22.86 - -------------------------------------------------------------------------------- 12/5/05 1,700 22.87 - -------------------------------------------------------------------------------- 12/5/05 6,500 22.90 - -------------------------------------------------------------------------------- 12/5/05 2,800 22.91 - -------------------------------------------------------------------------------- 12/5/05 3,300 22.92 - -------------------------------------------------------------------------------- 12/5/05 2,200 22.93 - -------------------------------------------------------------------------------- 12/5/05 2,700 22.95 - -------------------------------------------------------------------------------- 12/5/05 2,100 22.96 - -------------------------------------------------------------------------------- 12/5/05 2,900 22.97 - -------------------------------------------------------------------------------- 12/5/05 4,100 22.98 - -------------------------------------------------------------------------------- 12/5/05 1,000 22.99 - -------------------------------------------------------------------------------- 12/6/05 700 22.55 - -------------------------------------------------------------------------------- 12/6/05 600 22.65 - -------------------------------------------------------------------------------- 12/6/05 1,100 22.67 - -------------------------------------------------------------------------------- 12/6/05 2,300 22.69 - -------------------------------------------------------------------------------- 12/6/05 1,800 22.78 - -------------------------------------------------------------------------------- 12/6/05 600 22.80 - -------------------------------------------------------------------------------- 12/6/05 200 22.81 - -------------------------------------------------------------------------------- 12/6/05 400 22.82 - -------------------------------------------------------------------------------- 12/6/05 1,000 22.83 - -------------------------------------------------------------------------------- 12/6/06 1,100 22.84 - -------------------------------------------------------------------------------- 12/6/05 1,100 22.85 - -------------------------------------------------------------------------------- 12/6/05 1,700 22.86 - -------------------------------------------------------------------------------- 12/6/05 2,900 22.88 - -------------------------------------------------------------------------------- 12/6/05 2,200 22.89 - -------------------------------------------------------------------------------- 12/6/05 2,500 22.90 - -------------------------------------------------------------------------------- 12/6/05 1,100 22.91 - -------------------------------------------------------------------------------- 12/6/05 5,700 22.92 - -------------------------------------------------------------------------------- 12/6/05 3,700 22.93 - -------------------------------------------------------------------------------- 12/6/05 700 22.94 - -------------------------------------------------------------------------------- 12/6/05 3,900 22.95 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/6/05 2,900 22.96 - -------------------------------------------------------------------------------- 12/6/05 1,700 22.97 - -------------------------------------------------------------------------------- 12/6/05 4,500 22.98 - -------------------------------------------------------------------------------- 12/6/05 5,600 23.00 - -------------------------------------------------------------------------------- 12/7/05 500 22.51 - -------------------------------------------------------------------------------- 12/7/05 100 22.52 - -------------------------------------------------------------------------------- 12/7/05 200 22.55 - -------------------------------------------------------------------------------- 12/7/05 2,300 22.56 - -------------------------------------------------------------------------------- 12/7/05 3,800 22.57 - -------------------------------------------------------------------------------- 12/7/05 500 22.58 - -------------------------------------------------------------------------------- 12/7/05 1,800 22.61 - -------------------------------------------------------------------------------- 12/7/05 1,200 22.62 - -------------------------------------------------------------------------------- 12/7/05 600 22.63 - -------------------------------------------------------------------------------- 12/7/05 900 22.64 - -------------------------------------------------------------------------------- 12/7/05 2,100 22.65 - -------------------------------------------------------------------------------- 12/7/05 600 22.66 - -------------------------------------------------------------------------------- 12/7/05 1,000 22.69 - -------------------------------------------------------------------------------- 12/7/05 1,400 22.70 - -------------------------------------------------------------------------------- 12/7/05 100 22.72 - -------------------------------------------------------------------------------- 12/7/05 1,400 22.73 - -------------------------------------------------------------------------------- 12/7/05 700 22.74 - -------------------------------------------------------------------------------- 12/7/05 800 22.75 - -------------------------------------------------------------------------------- 12/7/05 500 22.77 - -------------------------------------------------------------------------------- 12/7/05 400 22.79 - -------------------------------------------------------------------------------- 12/7/05 2,700 22.80 - -------------------------------------------------------------------------------- 12/7/05 600 22.81 - -------------------------------------------------------------------------------- 12/7/05 1,900 22.82 - -------------------------------------------------------------------------------- 12/7/05 1,800 22.84 - -------------------------------------------------------------------------------- 12/7/05 1,100 22.85 - -------------------------------------------------------------------------------- 12/7/05 100 22.87 - -------------------------------------------------------------------------------- 12/7/05 500 22.88 - -------------------------------------------------------------------------------- 12/7/05 600 22.90 - -------------------------------------------------------------------------------- 12/7/05 1,400 22.91 - -------------------------------------------------------------------------------- 12/7/05 600 22.92 - -------------------------------------------------------------------------------- 12/7/05 2,100 22.94 - -------------------------------------------------------------------------------- 12/7/05 800 22.95 - -------------------------------------------------------------------------------- 12/7/05 200 22.96 - -------------------------------------------------------------------------------- 12/7/05 4,400 22.98 - -------------------------------------------------------------------------------- 12/7/05 1,400 23.00 - -------------------------------------------------------------------------------- 12/7/05 1,000 23.07 - -------------------------------------------------------------------------------- 12/7/05 1,000 23.10 - -------------------------------------------------------------------------------- 12/7/05 1,900 23.18 - -------------------------------------------------------------------------------- 12/8/05 600 21.99 - -------------------------------------------------------------------------------- 12/8/05 800 22.00 - -------------------------------------------------------------------------------- 12/8/05 600 22.02 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/8/05 900 22.03 - -------------------------------------------------------------------------------- 12/8/05 600 22.08 - -------------------------------------------------------------------------------- 12/8/05 600 22.09 - -------------------------------------------------------------------------------- 12/8/05 500 22.17 - -------------------------------------------------------------------------------- 12/8/05 1,300 22.25 - -------------------------------------------------------------------------------- 12/8/05 1,300 22.28 - -------------------------------------------------------------------------------- 12/8/05 100 22.29 - -------------------------------------------------------------------------------- 12/8/05 700 22.30 - -------------------------------------------------------------------------------- 12/8/05 2,600 22.32 - -------------------------------------------------------------------------------- 12/8/05 600 22.33 - -------------------------------------------------------------------------------- 12/8/05 100 22.34 - -------------------------------------------------------------------------------- 12/8/05 1,100 22.35 - -------------------------------------------------------------------------------- 12/8/05 800 22.36 - -------------------------------------------------------------------------------- 12/8/05 1,300 22.37 - -------------------------------------------------------------------------------- 12/8/05 400 22.39 - -------------------------------------------------------------------------------- 12/8/05 300 22.46 - -------------------------------------------------------------------------------- 12/8/05 800 22.47 - -------------------------------------------------------------------------------- 12/8/05 1,000 22.55 - -------------------------------------------------------------------------------- 12/8/05 600 22.56 - -------------------------------------------------------------------------------- 12/8/05 700 22.61 - -------------------------------------------------------------------------------- 12/8/05 900 22.62 - -------------------------------------------------------------------------------- 12/8/05 1,000 22.63 - -------------------------------------------------------------------------------- 12/8/05 600 22.65 - -------------------------------------------------------------------------------- 12/8/05 1,500 22.66 - -------------------------------------------------------------------------------- 12/8/05 1,900 22.67 - -------------------------------------------------------------------------------- 12/8/05 100 22.68 - -------------------------------------------------------------------------------- 12/8/05 4,000 22.74 - -------------------------------------------------------------------------------- 12/8/05 200 22.77 - -------------------------------------------------------------------------------- 12/8/05 1,300 22.79 - -------------------------------------------------------------------------------- 12/8/05 3,000 22.80 - -------------------------------------------------------------------------------- 12/8/05 1,400 22.82 - -------------------------------------------------------------------------------- 12/8/05 200 22.83 - -------------------------------------------------------------------------------- 12/8/05 1,700 22.84 - -------------------------------------------------------------------------------- 12/8/05 2,600 22.85 - -------------------------------------------------------------------------------- 12/8/05 700 22.86 - -------------------------------------------------------------------------------- 12/8/05 400 22.88 - -------------------------------------------------------------------------------- 12/8/05 2,100 22.90 - -------------------------------------------------------------------------------- 12/8/05 500 22.95 - -------------------------------------------------------------------------------- 12/9/05 500 22.61 - -------------------------------------------------------------------------------- 12/9/05 600 22.65 - -------------------------------------------------------------------------------- 12/9/05 1,600 22.70 - -------------------------------------------------------------------------------- 12/9/05 300 22.72 - -------------------------------------------------------------------------------- 12/9/05 1,100 22.74 - -------------------------------------------------------------------------------- 12/9/05 2,700 22.75 - -------------------------------------------------------------------------------- 12/9/05 800 22.76 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/9/05 1,000 22.77 - -------------------------------------------------------------------------------- 12/9/05 700 22.78 - -------------------------------------------------------------------------------- 12/9/05 1,400 22.79 - -------------------------------------------------------------------------------- 12/9/05 1,300 22.80 - -------------------------------------------------------------------------------- 12/9/05 800 22.81 - -------------------------------------------------------------------------------- 12/9/05 100 22.82 - -------------------------------------------------------------------------------- 12/9/05 400 22.83 - -------------------------------------------------------------------------------- 12/9/05 9,300 22.84 - -------------------------------------------------------------------------------- 12/9/05 2,900 22.85 - -------------------------------------------------------------------------------- 12/9/05 3,200 22.86 - -------------------------------------------------------------------------------- 12/9/05 700 22.87 - -------------------------------------------------------------------------------- 12/9/05 1,400 22.88 - -------------------------------------------------------------------------------- 12/9/05 100 22.89 - -------------------------------------------------------------------------------- 12/9/05 6,000 22.90 - -------------------------------------------------------------------------------- 12/9/05 1,800 22.91 - -------------------------------------------------------------------------------- 12/9/05 2,900 22.92 - -------------------------------------------------------------------------------- 12/9/05 1,100 22.93 - -------------------------------------------------------------------------------- 12/9/05 600 22.94 - -------------------------------------------------------------------------------- 12/9/05 900 22.95 - -------------------------------------------------------------------------------- 12/12/05 300 22.85 - -------------------------------------------------------------------------------- 12/12/05 1,100 22.86 - -------------------------------------------------------------------------------- 12/12/05 2,100 22.87 - -------------------------------------------------------------------------------- 12/12/05 2,200 22.88 - -------------------------------------------------------------------------------- 12/12/05 2,600 22.89 - -------------------------------------------------------------------------------- 12/12/05 2,700 22.90 - -------------------------------------------------------------------------------- 12/12/05 2,400 22.91 - -------------------------------------------------------------------------------- 12/12/05 1,600 22.92 - -------------------------------------------------------------------------------- 12/12/05 700 22.94 - -------------------------------------------------------------------------------- 12/12/05 5,200 22.95 - -------------------------------------------------------------------------------- 12/12/05 2,800 22.96 - -------------------------------------------------------------------------------- 12/12/05 1,800 22.97 - -------------------------------------------------------------------------------- 12/12/05 800 22.98 - -------------------------------------------------------------------------------- 12/12/05 5,800 22.99 - -------------------------------------------------------------------------------- 12/12/05 2,300 23.00 - -------------------------------------------------------------------------------- 12/12/05 1,400 23.01 - -------------------------------------------------------------------------------- 12/12/05 1,400 23.05 - -------------------------------------------------------------------------------- 12/12/05 1,600 23.08 - -------------------------------------------------------------------------------- 12/12/05 500 23.13 - -------------------------------------------------------------------------------- 12/12/05 2,500 23.20 - -------------------------------------------------------------------------------- 12/12/05 2,000 23.25 - -------------------------------------------------------------------------------- 12/12/05 600 23.35 - -------------------------------------------------------------------------------- 12/12/05 600 23.36 - -------------------------------------------------------------------------------- 12/13/05 1,000 23.07 - -------------------------------------------------------------------------------- 12/13/05 1,100 23.10 - -------------------------------------------------------------------------------- 12/13/05 1,100 23.11 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/13/05 700 23.12 - -------------------------------------------------------------------------------- 12/13/05 1,000 23.15 - -------------------------------------------------------------------------------- 12/13/05 5,200 23.16 - -------------------------------------------------------------------------------- 12/13/05 1,300 23.17 - -------------------------------------------------------------------------------- 12/13/05 1,500 23.19 - -------------------------------------------------------------------------------- 12/13/05 3,100 23.20 - -------------------------------------------------------------------------------- 12/13/05 3,000 23.21 - -------------------------------------------------------------------------------- 12/13/05 2,500 23.22 - -------------------------------------------------------------------------------- 12/13/05 2,300 23.23 - -------------------------------------------------------------------------------- 12/13/05 1,600 23.24 - -------------------------------------------------------------------------------- 12/13/05 700 23.25 - -------------------------------------------------------------------------------- 12/13/05 3,000 23.26 - -------------------------------------------------------------------------------- 12/13/05 1,000 23.28 - -------------------------------------------------------------------------------- 12/13/05 2,700 23.29 - -------------------------------------------------------------------------------- 12/13/05 700 23.30 - -------------------------------------------------------------------------------- 12/13/05 800 23.32 - -------------------------------------------------------------------------------- 12/13/05 3,100 23.34 - -------------------------------------------------------------------------------- 12/13/05 2,000 23.35 - -------------------------------------------------------------------------------- 12/13/05 600 23.37 - -------------------------------------------------------------------------------- 12/13/05 600 23.39 - -------------------------------------------------------------------------------- 12/13/05 1,600 23.40 - -------------------------------------------------------------------------------- 12/13/05 100 23.48 - -------------------------------------------------------------------------------- 12/13/05 1,600 23.49 - -------------------------------------------------------------------------------- 12/13/05 1,100 23.52 - -------------------------------------------------------------------------------- 12/14/05 2,500 23.10 - -------------------------------------------------------------------------------- 12/14/05 1,600 23.11 - -------------------------------------------------------------------------------- 12/14/05 1,400 23.13 - -------------------------------------------------------------------------------- 12/14/05 500 23.15 - -------------------------------------------------------------------------------- 12/14/05 2,800 23.16 - -------------------------------------------------------------------------------- 12/14/05 1,300 23.17 - -------------------------------------------------------------------------------- 12/14/05 800 23.18 - -------------------------------------------------------------------------------- 12/14/05 2,200 23.20 - -------------------------------------------------------------------------------- 12/14/05 200 23.21 - -------------------------------------------------------------------------------- 12/14/05 4,300 23.24 - -------------------------------------------------------------------------------- 12/14/05 2,600 23.25 - -------------------------------------------------------------------------------- 12/14/05 2,300 23.26 - -------------------------------------------------------------------------------- 12/14/05 600 23.27 - -------------------------------------------------------------------------------- 12/14/05 800 23.28 - -------------------------------------------------------------------------------- 12/14/05 2,400 23.29 - -------------------------------------------------------------------------------- 12/14/05 4,800 23.30 - -------------------------------------------------------------------------------- 12/14/05 300 23.31 - -------------------------------------------------------------------------------- 12/14/05 1,500 23.32 - -------------------------------------------------------------------------------- 12/14/05 1,300 23.33 - -------------------------------------------------------------------------------- 12/14/05 3,500 23.34 - -------------------------------------------------------------------------------- 12/14/05 800 23.35 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/14/05 100 23.36 - -------------------------------------------------------------------------------- 12/14/05 2,000 23.39 - -------------------------------------------------------------------------------- 12/14/05 600 23.40 - -------------------------------------------------------------------------------- 12/14/05 1,200 23.42 - -------------------------------------------------------------------------------- 12/14/05 600 23.43 - -------------------------------------------------------------------------------- 12/15/05 600 22.68 - -------------------------------------------------------------------------------- 12/15/05 1,000 22.71 - -------------------------------------------------------------------------------- 12/15/05 1,100 22.72 - -------------------------------------------------------------------------------- 12/15/05 1,400 22.75 - -------------------------------------------------------------------------------- 12/15/05 900 22.81 - -------------------------------------------------------------------------------- 12/15/05 600 22.85 - -------------------------------------------------------------------------------- 12/15/05 3,700 22.86 - -------------------------------------------------------------------------------- 12/15/05 2,300 22.87 - -------------------------------------------------------------------------------- 12/15/05 600 22.88 - -------------------------------------------------------------------------------- 12/15/05 1,900 22.89 - -------------------------------------------------------------------------------- 12/15/05 5,900 22.90 - -------------------------------------------------------------------------------- 12/15/05 100 22.91 - -------------------------------------------------------------------------------- 12/15/05 1,800 22.92 - -------------------------------------------------------------------------------- 12/15/05 2,900 22.93 - -------------------------------------------------------------------------------- 12/15/05 1,400 22.94 - -------------------------------------------------------------------------------- 12/15/05 300 22.99 - -------------------------------------------------------------------------------- 12/15/05 3,100 23.00 - -------------------------------------------------------------------------------- 12/15/05 600 23.05 - -------------------------------------------------------------------------------- 12/15/05 600 23.11 - -------------------------------------------------------------------------------- 12/15/05 1,200 23.13 - -------------------------------------------------------------------------------- 12/15/05 2,200 23.23 - -------------------------------------------------------------------------------- 12/15/05 800 23.32 - -------------------------------------------------------------------------------- 12/15/05 600 23.36 - -------------------------------------------------------------------------------- 12/15/05 200 23.37 - -------------------------------------------------------------------------------- 12/15/05 300 23.38 - -------------------------------------------------------------------------------- 12/15/05 600 23.41 - -------------------------------------------------------------------------------- 12/15/05 1,000 23.42 - -------------------------------------------------------------------------------- 12/15/05 1,200 23.45 - -------------------------------------------------------------------------------- 12/15/05 3,200 23.46 - -------------------------------------------------------------------------------- 12/16/05 1,500 22.68 - -------------------------------------------------------------------------------- 12/16/05 900 22.71 - -------------------------------------------------------------------------------- 12/16/05 500 22.72 - -------------------------------------------------------------------------------- 12/16/05 900 22.73 - -------------------------------------------------------------------------------- 12/16/05 6,700 22.74 - -------------------------------------------------------------------------------- 12/16/05 900 22.75 - -------------------------------------------------------------------------------- 12/16/05 2,700 22.76 - -------------------------------------------------------------------------------- 12/16/05 5,300 22.77 - -------------------------------------------------------------------------------- 12/16/05 200 22.79 - -------------------------------------------------------------------------------- 12/16/05 1,600 22.80 - -------------------------------------------------------------------------------- 12/16/05 400 22.81 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/16/05 1,500 22.82 - -------------------------------------------------------------------------------- 12/16/05 2,100 22.84 - -------------------------------------------------------------------------------- 12/16/05 2,200 22.85 - -------------------------------------------------------------------------------- 12/16/05 2,000 22.86 - -------------------------------------------------------------------------------- 12/16/05 300 22.87 - -------------------------------------------------------------------------------- 12/16/05 2,000 22.88 - -------------------------------------------------------------------------------- 12/16/05 1,800 22.90 - -------------------------------------------------------------------------------- 12/16/05 500 22.95 - -------------------------------------------------------------------------------- 12/16/05 800 22.96 - -------------------------------------------------------------------------------- 12/16/05 1,600 22.97 - -------------------------------------------------------------------------------- 12/16/05 1,000 22.98 - -------------------------------------------------------------------------------- 12/16/05 300 23.02 - -------------------------------------------------------------------------------- 12/16/05 1,100 23.03 - -------------------------------------------------------------------------------- 12/16/05 100 23.07 - -------------------------------------------------------------------------------- 12/16/05 1,100 23.09 - -------------------------------------------------------------------------------- 12/16/05 700 23.10 - -------------------------------------------------------------------------------- 12/16/05 1,300 23.15 - -------------------------------------------------------------------------------- 12/16/05 1,900 23.20 - -------------------------------------------------------------------------------- 12/16/05 5,100 23.28 - -------------------------------------------------------------------------------- 12/19/05 800 21.59 - -------------------------------------------------------------------------------- 12/19/05 400 21.68 - -------------------------------------------------------------------------------- 12/19/05 700 21.72 - -------------------------------------------------------------------------------- 12/19/05 2,300 21.73 - -------------------------------------------------------------------------------- 12/19/05 1,000 21.74 - -------------------------------------------------------------------------------- 12/19/05 1,500 21.75 - -------------------------------------------------------------------------------- 12/19/05 500 21.76 - -------------------------------------------------------------------------------- 12/19/05 200 21.80 - -------------------------------------------------------------------------------- 12/19/05 600 21.81 - -------------------------------------------------------------------------------- 12/19/05 500 21.82 - -------------------------------------------------------------------------------- 12/19/05 2,400 21.85 - -------------------------------------------------------------------------------- 12/19/05 700 21.86 - -------------------------------------------------------------------------------- 12/19/05 700 21.88 - -------------------------------------------------------------------------------- 12/19/05 1,300 21.90 - -------------------------------------------------------------------------------- 12/19/05 300 21.91 - -------------------------------------------------------------------------------- 12/19/05 1,100 21.96 - -------------------------------------------------------------------------------- 12/19/05 700 22.00 - -------------------------------------------------------------------------------- 12/19/05 300 22.02 - -------------------------------------------------------------------------------- 12/19/05 1,900 22.03 - -------------------------------------------------------------------------------- 12/19/05 1,100 22.04 - -------------------------------------------------------------------------------- 12/19/05 2,300 22.05 - -------------------------------------------------------------------------------- 12/19/05 1,600 22.06 - -------------------------------------------------------------------------------- 12/19/05 2,300 22.07 - -------------------------------------------------------------------------------- 12/19/05 1,600 22.08 - -------------------------------------------------------------------------------- 12/19/05 1,100 22.09 - -------------------------------------------------------------------------------- 12/19/05 1,300 22.10 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/19/05 500 22.13 - -------------------------------------------------------------------------------- 12/19/05 500 22.17 - -------------------------------------------------------------------------------- 12/19/05 500 22.18 - -------------------------------------------------------------------------------- 12/19/05 400 22.20 - -------------------------------------------------------------------------------- 12/19/05 600 22.22 - -------------------------------------------------------------------------------- 12/19/05 100 22.26 - -------------------------------------------------------------------------------- 12/19/05 1,200 22.27 - -------------------------------------------------------------------------------- 12/19/05 600 22.36 - -------------------------------------------------------------------------------- 12/19/05 500 22.60 - -------------------------------------------------------------------------------- 12/19/05 1,100 22.61 - -------------------------------------------------------------------------------- 12/19/05 500 22.64 - -------------------------------------------------------------------------------- 12/19/05 1,100 22.66 - -------------------------------------------------------------------------------- 12/19/05 1,100 22.67 - -------------------------------------------------------------------------------- 12/19/05 400 22.68 - -------------------------------------------------------------------------------- 12/19/05 500 22.69 - -------------------------------------------------------------------------------- 12/19/05 200 22.83 - -------------------------------------------------------------------------------- 12/19/05 800 22.90 - -------------------------------------------------------------------------------- 12/19/05 700 22.91 - -------------------------------------------------------------------------------- 12/19/05 4,500 22.99 - -------------------------------------------------------------------------------- 12/20/05 300 20.39 - -------------------------------------------------------------------------------- 12/20/05 1,000 20.53 - -------------------------------------------------------------------------------- 12/20/05 1,000 20.54 - -------------------------------------------------------------------------------- 12/20/05 500 20.55 - -------------------------------------------------------------------------------- 12/20/05 1,800 20.57 - -------------------------------------------------------------------------------- 12/20/05 2,600 20.60 - -------------------------------------------------------------------------------- 12/20/05 1,100 20.62 - -------------------------------------------------------------------------------- 12/20/05 200 20.63 - -------------------------------------------------------------------------------- 12/20/05 500 20.64 - -------------------------------------------------------------------------------- 12/20/05 1,200 20.66 - -------------------------------------------------------------------------------- 12/20/05 800 20.67 - -------------------------------------------------------------------------------- 12/20/05 400 20.68 - -------------------------------------------------------------------------------- 12/20/05 600 20.69 - -------------------------------------------------------------------------------- 12/20/05 1,300 20.70 - -------------------------------------------------------------------------------- 12/20/05 1,000 20.71 - -------------------------------------------------------------------------------- 12/20/05 1,700 20.72 - -------------------------------------------------------------------------------- 12/20/05 1,400 20.73 - -------------------------------------------------------------------------------- 12/20/05 2,600 20.74 - -------------------------------------------------------------------------------- 12/20/05 1,400 20.75 - -------------------------------------------------------------------------------- 12/20/05 500 20.76 - -------------------------------------------------------------------------------- 12/20/05 1,300 20.77 - -------------------------------------------------------------------------------- 12/20/05 2,000 20.79 - -------------------------------------------------------------------------------- 12/20/05 400 20.80 - -------------------------------------------------------------------------------- 12/20/05 600 20.81 - -------------------------------------------------------------------------------- 12/20/05 1,300 20.82 - -------------------------------------------------------------------------------- 12/20/05 2,200 20.83 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/20/05 500 20.84 - -------------------------------------------------------------------------------- 12/20/05 600 20.85 - -------------------------------------------------------------------------------- 12/20/05 700 20.86 - -------------------------------------------------------------------------------- 12/20/05 2,200 20.87 - -------------------------------------------------------------------------------- 12/20/05 1,300 20.88 - -------------------------------------------------------------------------------- 12/20/05 500 20.92 - -------------------------------------------------------------------------------- 12/20/05 600 20.93 - -------------------------------------------------------------------------------- 12/20/05 1,100 20.94 - -------------------------------------------------------------------------------- 12/20/05 1,400 20.95 - -------------------------------------------------------------------------------- 12/20/05 100 21.06 - -------------------------------------------------------------------------------- 12/20/05 700 21.11 - -------------------------------------------------------------------------------- 12/20/05 500 21.14 - -------------------------------------------------------------------------------- 12/20/05 700 21.20 - -------------------------------------------------------------------------------- 12/20/05 4,000 21.50 - -------------------------------------------------------------------------------- 12/20/05 400 21.51 - -------------------------------------------------------------------------------- 12/21/05 300 20.54 - -------------------------------------------------------------------------------- 12/21/05 100 20.58 - -------------------------------------------------------------------------------- 12/21/05 1,100 20.60 - -------------------------------------------------------------------------------- 12/21/05 300 20.63 - -------------------------------------------------------------------------------- 12/21/05 700 20.65 - -------------------------------------------------------------------------------- 12/21/05 1,500 20.66 - -------------------------------------------------------------------------------- 12/21/05 1,100 20.68 - -------------------------------------------------------------------------------- 12/21/05 500 20.69 - -------------------------------------------------------------------------------- 12/21/05 1,900 20.70 - -------------------------------------------------------------------------------- 12/21/05 400 20.71 - -------------------------------------------------------------------------------- 12/21/05 300 20.72 - -------------------------------------------------------------------------------- 12/21/05 1,900 20.73 - -------------------------------------------------------------------------------- 12/21/05 700 20.74 - -------------------------------------------------------------------------------- 12/21/05 2,000 20.75 - -------------------------------------------------------------------------------- 12/21/05 500 20.76 - -------------------------------------------------------------------------------- 12/21/05 1,900 20.77 - -------------------------------------------------------------------------------- 12/21/05 1,000 20.79 - -------------------------------------------------------------------------------- 12/21/05 1,100 20.80 - -------------------------------------------------------------------------------- 12/21/05 800 20.81 - -------------------------------------------------------------------------------- 12/21/05 1,000 20.82 - -------------------------------------------------------------------------------- 12/21/05 200 20.83 - -------------------------------------------------------------------------------- 12/21/05 2,700 20.84 - -------------------------------------------------------------------------------- 12/21/05 3,300 20.85 - -------------------------------------------------------------------------------- 12/21/05 1,600 20.86 - -------------------------------------------------------------------------------- 12/21/05 3,700 20.87 - -------------------------------------------------------------------------------- 12/21/05 1,700 20.88 - -------------------------------------------------------------------------------- 12/21/05 1,500 20.89 - -------------------------------------------------------------------------------- 12/21/05 6,900 20.90 - -------------------------------------------------------------------------------- 12/21/05 2,000 20.91 - -------------------------------------------------------------------------------- 12/21/05 1,400 20.92 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/21/05 700 20.93 - -------------------------------------------------------------------------------- 12/21/05 300 21.10 - -------------------------------------------------------------------------------- 12/22/05 800 20.88 - -------------------------------------------------------------------------------- 12/22/05 400 20.92 - -------------------------------------------------------------------------------- 12/22/05 400 20.93 - -------------------------------------------------------------------------------- 12/22/05 1,100 20.94 - -------------------------------------------------------------------------------- 12/22/05 500 20.95 - -------------------------------------------------------------------------------- 12/22/05 3,000 20.96 - -------------------------------------------------------------------------------- 12/22/05 2,500 20.97 - -------------------------------------------------------------------------------- 12/22/05 1,900 20.98 - -------------------------------------------------------------------------------- 12/22/05 4,500 20.99 - -------------------------------------------------------------------------------- 12/22/05 3,500 21.00 - -------------------------------------------------------------------------------- 12/22/05 2,400 21.02 - -------------------------------------------------------------------------------- 12/22/05 1,000 21.03 - -------------------------------------------------------------------------------- 12/22/05 200 21.04 - -------------------------------------------------------------------------------- 12/22/05 1,600 21.05 - -------------------------------------------------------------------------------- 12/22/05 600 21.06 - -------------------------------------------------------------------------------- 12/22/05 800 21.07 - -------------------------------------------------------------------------------- 12/22/05 1,200 21.08 - -------------------------------------------------------------------------------- 12/22/05 1,700 21.11 - -------------------------------------------------------------------------------- 12/22/05 1,400 21.12 - -------------------------------------------------------------------------------- 12/22/05 700 21.13 - -------------------------------------------------------------------------------- 12/22/05 3,000 21.14 - -------------------------------------------------------------------------------- 12/22/05 600 21.15 - -------------------------------------------------------------------------------- 12/22/05 4,000 21.16 - -------------------------------------------------------------------------------- 12/22/05 500 21.17 - -------------------------------------------------------------------------------- 12/22/05 900 21.20 - -------------------------------------------------------------------------------- 12/22/05 800 21.21 - -------------------------------------------------------------------------------- 12/22/05 500 21.22 - -------------------------------------------------------------------------------- 12/22/05 500 21.29 - -------------------------------------------------------------------------------- 12/22/05 1,400 21.30 - -------------------------------------------------------------------------------- 12/22/05 500 21.31 - -------------------------------------------------------------------------------- 12/22/05 900 21.32 - -------------------------------------------------------------------------------- 12/22/05 1,200 21.33 - -------------------------------------------------------------------------------- 12/23/05 6,200 21.07 - -------------------------------------------------------------------------------- 12/23/05 600 21.08 - -------------------------------------------------------------------------------- 12/23/05 400 21.09 - -------------------------------------------------------------------------------- 12/23/05 1,500 21.10 - -------------------------------------------------------------------------------- 12/23/05 1,600 21.11 - -------------------------------------------------------------------------------- 12/23/05 2,800 21.12 - -------------------------------------------------------------------------------- 12/23/05 2,000 21.13 - -------------------------------------------------------------------------------- 12/23/05 1,500 21.14 - -------------------------------------------------------------------------------- 12/23/05 1,300 21.15 - -------------------------------------------------------------------------------- 12/23/05 2,200 21.16 - -------------------------------------------------------------------------------- 12/23/05 8,100 21.17 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/23/05 4,700 21.18 - -------------------------------------------------------------------------------- 12/23/05 7,100 21.19 - -------------------------------------------------------------------------------- 12/23/05 500 21.21 - -------------------------------------------------------------------------------- 12/23/05 500 21.23 - -------------------------------------------------------------------------------- 12/23/05 300 21.24 - -------------------------------------------------------------------------------- 12/23/05 2,800 21.25 - -------------------------------------------------------------------------------- 12/23/05 900 21.27 - -------------------------------------------------------------------------------- 12/27/05 1,000 20.39 - -------------------------------------------------------------------------------- 12/27/05 800 20.40 - -------------------------------------------------------------------------------- 12/27/05 600 20.44 - -------------------------------------------------------------------------------- 12/27/05 900 20.45 - -------------------------------------------------------------------------------- 12/27/05 1,200 20.49 - -------------------------------------------------------------------------------- 12/27/05 1,300 20.55 - -------------------------------------------------------------------------------- 12/27/05 600 20.65 - -------------------------------------------------------------------------------- 12/27/05 700 20.66 - -------------------------------------------------------------------------------- 12/27/05 500 20.69 - -------------------------------------------------------------------------------- 12/27/05 1,300 20.70 - -------------------------------------------------------------------------------- 12/27/05 500 20.71 - -------------------------------------------------------------------------------- 12/27/05 1,200 20.72 - -------------------------------------------------------------------------------- 12/27/05 1,000 20.73 - -------------------------------------------------------------------------------- 12/27/05 500 20.74 - -------------------------------------------------------------------------------- 12/27/05 1,800 20.75 - -------------------------------------------------------------------------------- 12/27/05 600 20.76 - -------------------------------------------------------------------------------- 12/27/05 1,000 20.77 - -------------------------------------------------------------------------------- 12/27/05 900 20.78 - -------------------------------------------------------------------------------- 12/27/05 1,600 20.79 - -------------------------------------------------------------------------------- 12/27/05 3,500 20.80 - -------------------------------------------------------------------------------- 12/27/05 800 20.82 - -------------------------------------------------------------------------------- 12/27/05 800 20.84 - -------------------------------------------------------------------------------- 12/27/05 3,000 20.85 - -------------------------------------------------------------------------------- 12/27/05 100 20.86 - -------------------------------------------------------------------------------- 12/27/05 3,600 20.87 - -------------------------------------------------------------------------------- 12/27/05 500 20.88 - -------------------------------------------------------------------------------- 12/27/05 1,000 20.90 - -------------------------------------------------------------------------------- 12/27/05 100 20.91 - -------------------------------------------------------------------------------- 12/27/05 1,000 20.93 - -------------------------------------------------------------------------------- 12/27/05 600 20.95 - -------------------------------------------------------------------------------- 12/27/05 1,000 20.97 - -------------------------------------------------------------------------------- 12/27/05 600 20.98 - -------------------------------------------------------------------------------- 12/27/05 2,000 20.99 - -------------------------------------------------------------------------------- 12/27/05 1,200 21.00 - -------------------------------------------------------------------------------- 12/27/05 1,800 21.10 - -------------------------------------------------------------------------------- 12/27/05 800 21.11 - -------------------------------------------------------------------------------- 12/27/05 4,600 21.24 - -------------------------------------------------------------------------------- 12/28/05 5,000 20.75 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12/28/05 1,200 20.64 - -------------------------------------------------------------------------------- 12/28/05 800 20.83 - -------------------------------------------------------------------------------- 12/28/05 600 20.74 - -------------------------------------------------------------------------------- 12/28/05 500 20.61 - -------------------------------------------------------------------------------- 12/28/05 500 20.67 - -------------------------------------------------------------------------------- 12/28/05 500 20.70 - -------------------------------------------------------------------------------- 12/28/05 500 20.77 - -------------------------------------------------------------------------------- 12/28/05 400 20.66 - -------------------------------------------------------------------------------- Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. On December 28, 2005, Mr. Sumner M. Redstone ("SMR") and Sumco entered into an agreement (the "Agreement") pursuant to which SMR contributed $100 in cash and NAI, indirectly through Serendi, contributed $9,900 in cash and, subsequently, on December 28, 2005, SMR contributed 32,709,281 Common Shares of the Issuer (which shares are pledged to secure existing indebtedness of Mr. Sumner M. Redstone outstanding to Citicorp, which is anticipated to be $425,210,752.81 as of December 28, 2005) and NAI contributed, indirectly through Serendi, 75,392 Common Shares of the Issuer in return for 1% and 99%, respectively, of the shares of Sumco, a newly formed Delaware corporation. The Agreement provides that Sumco will make the required payments of interest on and principal of the Citicorp debt. There is an understanding between NAI and Mr. Sumner M. Redstone that NAI will fund (indirectly through Serendi) (whether through loans, equity contributions or otherwise) the payment by Sumco of interest on, and principal of, the Citicorp debt and that a significant repayment of such principal will be made shortly after the date of the Agreement. Sumco's source of funds for such payments of the Citicorp debt is expected to be from its affiliates working capital. Provided that no more than 15% of the Common Shares of the Issuer owned by NAI and/or Sumco (after giving effect to the SMR contribution) have been transferred to a non-affiliated third party prior to December 31, 2008, then on such date certain adjustments to the relative holdings of each of SMR and Sumco with respect to the Common Shares of the Issuer shall be effected based upon the financial performance of the Issuer, all as more fully set forth in the Agreement attached hereto as Exhibit C and incorporated herein by reference. Pursuant to the terms of the Agreement, in the event that SMR sells, transfers or exchanges his Common Shares of the Issuer, NAI and Sumco shall have a right to tag-along on such sale (on a ratable basis) and a right of first refusal. In the event that (i) NAI and Sumco participate in such a sale (including by exercising the right of first refusal), (ii) such sale occurs by December 31, 2008 and (iii) such sale, transfer, or exchange is consummated at a price per share greater than the Debt per Share Amount (as defined in the Agreement), then 50% of such difference (which difference shall be capped at $4.00 per Common Share) shall be transferred (prior to the consummation of such sale, transfer or exchange) to SMR from Sumco, in the form of securities of the Issuer. In the event of a disposition of Common Shares by SMR prior to December 31, 2008 in which NAI and Sumco do not exercise their tag-along right or right of first refusal, SMR has agreed to retain sufficient Common Shares to satisfy his potential transfer obligations to Sumco. Pursuant to the terms of the Agreement, in the event that NAI and Sumco sell, transfer or exchange their Common Shares of the Issuer (either directly or by way of merger) to an unrelated entity, then, with respect to such sale, transfer or exchange, SMR will have a full tag-along right and NAI and Sumco shall have a full drag-along right. In the event that (i) NAI and Sumco exercise their drag-along right or SMR exercises his tag-along right, (ii) such sale occurs by December 31, 2008 and (iii) such sale, transfer or exchange is consummated at a price per share that is greater than the Debt per Share Amount (as defined in the Agreement), then 50% of such difference (which difference shall be capped at $4.00 per Common Share) shall be transferred (prior to the consummation of such sale, transfer or exchange) to SMR from Sumco. Pursuant to the terms of the Agreement, Shari E. Redstone ("SER"), as the President of each of NAI and Sumco, will have sole authority with respect to NAI's and Sumco's investments in the Issuer, including sole voting power and investment power as well as all decisions relating to business and possible strategic decisions in which the Issuer is involved and may involve NAI or Sumco, in each case subject to the authority of the boards of directors of NAI and Sumco. Provided that SMR is not buying or selling Common Stock of the Issuer in the stock market, SER will consult will SMR on all material issues involving the Issuer. Other than as provided for above, none of SMR, NAI or Sumco shall be restricted from purchasing or disposing of Common Shares of the Issuer for their own accounts. Item 7. Materials to be Filed as Exhibits. Exhibit No. Description Exhibit A Directors and Executive Officers of NAI and Sumco. Exhibit B Joint Filing Agreement among the Reporting Persons pursuant to Rule 13d-1(k)(1)(iii). Exhibit C Sumco Agreement. 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. Dated: December 29, 2005 /s/ Sumner M. Redstone ----------------------- Sumner M. Redstone, Individually NATIONAL AMUSEMENTS, INC. By: /s/ Sumner M. Redstone ---------------------- Name: Sumner M. Redstone Title: Chairman of the Board and Chief Executive Officer SUMCO, INC. By: /s/ Richard J. Sherman ---------------------- Name: Richard J. Sherman Title: Vice President EXHIBIT INDEX ------------- Exhibit No. Description Exhibit A Directors and Executive Officers of NAI and Sumco. Exhibit B Joint Filing Agreement among the Reporting Persons pursuant to Rule 13d- 1(k)(1)(iii). Exhibit C Sumco Agreement. EXHIBIT A NATIONAL AMUSEMENTS, INC. EXECUTIVE OFFICERS
Name Business or Residence Principal Occupation or Name and Address of Address Employment Corporation or Other Organization in which Employed Sumner M. Redstone Viacom Inc. Chairman of the Board and National Amusements, Inc. 1515 Broadway Chief Executive Officer of 200 Elm Street New York, NY 10036 Viacom, Inc. (effective upon Dedham, MA 02026 the separation of Viacom, Inc. (into two separately traded Viacom Inc. public companies) Mr. 1515 Broadway Redstone's principal New York, NY 10036 occupation shall be Executive Chairman of the Board and CBS, Inc. Founder of Viacom Inc.; 51 West 52nd Street Executive Chairman of the New York, NY 10019 Board and Founder of CBS, Inc.); Chairman of the Board and Chief Executive Officer of National Amusements, Inc.; Chairman and President of NAIRI, Inc. Shari Redstone National Amusements, Inc. President of National National Amusements, Inc. 200 Elm Street Amusements, Inc. and 200 Elm Street Dedham, MA 02026 Executive Vice President of Dedham, MA 02026 NAIRI, Inc. Jerome Magner National Amusements, Inc. VP and Treasurer of National National Amusements, Inc. 200 Elm Street Amusements, Inc. and NAIRI, 200 Elm Street Dedham, MA 02026 Inc. Dedham, MA 02026 Richard Sherman National Amusements, Inc. Vice President of National National Amusements, Inc. 200 Elm Street Amusements, Inc. and NAIRI, 200 Elm Street Dedham, MA 02026 Inc. Dedham, MA 02026
DIRECTORS
Name Business or Residence Principal Occupation or Name and Address of Address Employment Corporation or Other Organization in which Employed Sumner M. Redstone Viacom Inc. Chairman of the Board and National Amusements, Inc. 1515 Broadway Chief Executive Officer of 200 Elm Street New York, NY 10036 Viacom, Inc. (effective upon Dedham, MA 02026 the separation of Viacom, Inc. (into two separately traded Viacom Inc. public companies) Mr. 1515 Broadway Redstone's principal New York, NY 10036 occupation shall be Executive Chairman of the Board and CBS, Inc. Founder of Viacom Inc.; 51 West 52nd Street Executive Chairman of the New York, NY 10019
Board and Founder of CBS, Inc.); Chairman of the Board and Chief Executive Officer of National Amusements, Inc.; Chairman and President of NAIRI, Inc. Shari Redstone National Amusements, Inc. President of National National Amusements, Inc. 200 Elm Street Amusements, Inc.; and 200 Elm Street Dedham, MA 02026 Executive Vice President of Dedham, MA 02026 NAIRI, Inc. George S. Abrams Winer & Abrams Attorney Winer & Abrams 60 State Street 60 State Street Boston, MA 02109 Boston, MA 02109 David Andelman Lourie and Cutler Attorney Lourie and Cutler 60 State Street 60 State Street Boston, MA 02109 Boston, MA 02109 Philippe P. Dauman DND Capital Partners, LLC Co-Chairman and CEO of DND Capital Partners, 9 West 57th Street DND Capital Partners LLC LLC Suite 4615 9 West 57th Street New York, NY 10019 Suite 4615 New York, NY 10019 Brent D. Redstone c/o Showtime Networks Inc. Director of National National Amusements, Inc. 1633 Broadway Amusements, Inc. 200 Elm Street New York, NY 10019 Dedham, MA 02026
Sumco DIRECTORS
Name Business or Residence Principal Occupation or Name and Address of Address Employment Corporation or Other Organization in which Employed Shari Redstone National Amusements, Inc. President of National National Amusements, Inc. 200 Elm Street Amusements, Inc. and 200 Elm Street Dedham, MA 02026 Executive Vice President of Dedham, MA 02026 NAIRI, Inc. Richard Sherman National Amusements, Inc. Vice President of National National Amusements, Inc. 200 Elm Street Amusements, Inc. and NAIRI, 200 Elm Street Dedham, MA 02026 Inc. Dedham, MA 02026
EXHIBIT B JOINT FILING AGREEMENT The undersigned hereby agree that the Statement of Schedule 13D, dated April 15, 1998 (the "Schedule 13D") with respect to the Common Stock, par value $.01 per share of Midway Games Inc. is, and any amendments executed by us shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13(d)-1(k) under the Securities Exchange Act of 1934, as amended, and that this Agreement shall be included as an exhibit to the Schedule 13D and each such amendment. Each of the undersigned agrees to be responsible for the timely filing of the Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning itself contained therein. This agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the 28th day of December, 2005. /s / Sumer N. Redstone ----------------------- Sumner M. Redstone, Individually NATIONAL AMUSEMENTS, INC. By: /s/ Sumner M. Redstone ----------------------- Name: Sumner M. Redstone Title: Chairman of the Board and Chief Executive Officer SUMCO, INC. By: /s/ Richard J. Sherman ---------------------- Name: Richard J. Sherman Title: Vice President EXHIBIT C SUMCO AGREEMENT AGREEMENT Whereas: National desires, through Serendi and Sumco, (as set forth below) to increase its investment in and control of Midway Games pursuant to the terms hereto; Whereas: Sumner M. Redstone (SMR) owns shares of Midway Games Inc. and National Amusements, Inc. (National) which are being used as collateral for a debt owed by SMR to Citicorp. Whereas: SMR desires to engage in tax and estate planning with respect to his assets; Whereas: National desires to be in a position to ensure that SMR's shares in National can at any time be released from being encumbered by the Citicorp loan; Whereas, National has formed a new corporation (Serendi) which is 100% owned by National; and Whereas Serendi and SMR have formed a new corporation (Sumco) in which Serendi owns 99% of the shares and Sumner ("SMR") owns 1% of the shares, Shari Redstone (SER) and Richard J. Sherman will be the directors and into which Serendi will contribute $9,900 and SMR will contribute $100. The Parties hereby agree as follows: 1. In addition to his initial contribution, SMR will contribute 32,709,281 shares of Midway subject to a Citicorp debt which is anticipated to be $425,210,752.81 as of December 28, 2005. 2. In addition to its initial contribution, Serendi will contribute 75,392 shares of Midway stock to Sumco. Sumco will take SMR's shares subject to the Citicorp debt. Existing agreements, collateral, notes and any guarantees in connection with the Citicorp debt will remain in place until the debt is paid in full. Sumco will make the required payments of interest on and principal of the Citicorp debt. 3. Provided that not more than 15% of the Midway stock held by National and Sumco after giving effect to the SMR contribution has been sold/transferred/exchanged to a non-affiliated third party prior to December 31, 2008, the adjustments set forth in Schedules 1 and 2 will apply. In the event that Schedule 1 applies, SMR shall transfer additional Midway stock to Sumco at no cost pursuant to the matrix set forth as Schedule 1. In the event that Schedule 2 applies, Sumco shall transfer addition Midway stock to SMR at no cost pursuant to the matrix set forth in Schedule 2. 4. Shari E. Redstone (SER) as National's and Sumco's President, will have sole authority to make decisions with respect to National's and Sumco's existing and further investments in Midway, including purchases and sale of Midway securities by National and Sumco, loans to Midway, other investments in Midway and the exercise of voting rights with respect to Midway securities held by National and Sumco as well as all decisions relating to business and possible strategic decisions in which Midway is involved and which may involve National and Sumco, in each case subject to the authority of the boards of directors of Sumco and National. 5. Nothing in this agreement will restrict SMR from purchasing additional shares of Midway for his own account. 6. Provided that SMR is not buying or selling Midway in the stock market, SER will consult with SMR on all material issues involving Midway. 7. SMR will have the right to sell/transfer/exchange his Midway shares at any time. With respect to such a sale/transfer/exchange, National and Sumco will have full tag-along rights (on a ratable basis) as well as a right of first refusal. In the event that (a) National and Sumco participate in such transaction (including through an exercise of the right of first refusal), (b) the transaction occurs by December 31, 2008 and (c) such sale/transfer/exchange is at an amount per share greater than the quotient of the amount of the Citicorp debt at the time SMR contributes the shares of Midway to Sumco divided by the number of shares so contributed (the "Debt per Share Amount"), 50% of the difference (which difference will be limited to $4.00 per share) between the price per share at which the securities are sold (the "Sale Price") and the Debt per Share Amount , in each case with respect to the full number of shares that National and Sumco were permitted to sell pursuant to that transaction, shall be transferred to SMR by Sumco (just prior to such sale/transfer/exchange) in the form of Midway securities valued using the Sale Price. In the event of any sale/exchange/transfer prior to December 31, 2008, and National and Sumco do not tag-along or exercise their right of first refusal, SMR shall retain sufficient Midway shares to satisfy his potential obligations pursuant to Paragraph 3, above. 8. National and Sumco will have the right to sell/transfer/exchange their shares of Midway (either directly or by way of merger) to an unrelated entity at any time. With respect to such a sale/transfer/exchange, SMR will have full tag-along rights and National and Sumco will have full drag-along rights. In the event that National and Sumco exercise their drag-along rights or SMR exercises his tag along rights prior to December 31, 2008, and in the event that such sale/transfer/exchange is at a Sale Price greater than the Debt per Share Amount, 50% of the difference (which difference will be limited to $4.00 per share) between the Sale Price and Debt per Share Amount, in each case with respect to the full number of shares sold/transferred/exchanged by Sumco and National, shall be transferred to SMR by Sumco (prior to such sale/transfer/exchange) and Schedules 1 and 2 shall not be applicable. 9. This transaction will be subject to the consent of National's Board of Directors. 10. Proportionate adjustments shall be made in the event of any stock split, reclassification or similar event. This agreement is intended solely for the parties hereto, and it is not the intention of the parties to confer third-party beneficiary rights upon any other person. SUMNER M. REDSTONE Dated: December 28, 2005 /s/ Sumner M. Redstone ---------------------- Sumner M. Redstone SUMCO, INC. /s/ Richard J. Sherman ---------------------- Dated: December 28, 2005 By: Richard J. Sherman Its: Vice President Schedule 1 Midway Cumulative Revenue 2006-2008 Adjustment (Number of Shares) Milestones (in millions) (in millions) $1,000 and above 0 $ 900 8.6 $ 850 and under 12.45 Straight line interpolation applies if revenue falls between the milestones. 1. Debt above 3.5 x EBITDA will be considered equity. The measurement is made as of the date that the debt is incurred. 2. Adjustments to Cumulative Revenue will be made for (a) Loans to Midway from National or debt issued above specified leverage thresholds; and (b) acquisitions or equity offerings that dilute National's ownership. 3. Revenue milestone will be increased by the same percentage that equity is increased. (Revenue milestone will be increased by 10% for an acquisition requiring an issuance of 10% of outstanding shares.) 4. Adjustments to revenue will only apply to periods yet to happen (e.g., if a share acquisition took place in the beginning of February of 2008, the adjustment would only apply to the portion of the milestone corresponding to the period following February, 2008. For purposes of this calculation, this would be applied only to 11/36 or 30.56% of the cumulative 2006-2008 revenue. If debt that qualifies as equity is incurred in the beginning of 2006, then the adjustment would apply to 100% of the 2006 through 2008 cumulative revenue). 5. The term "Equity" is defined by GAAP. Schedule 2 Midway Cumulative Revenue 2006-2008 Adjustment (Number of Shares) Milestones (in millions) (in millions) $1,300 and above 9.8 times EBIT multiplier $ 1,200 6.45 times EBIT multiplier $ 1,100 3.3 times EBIT multiplier $ 1,000 0 times EBIT multiplier 1. The EBIT margin multiplier is as follows: . (a) for 15% = 1 (b) for 14% = 0.8 (c) for 13% = 0.6 (d) for 12% = 0.4 (e) for 11% = 0.2 (f) for 10% = 0 1. The EBIT Margin is calculated only for 2008. 2. Straight line interpolation if revenue falls between two milestones. Straight line interpolation for EBIT multiplier if EBIT margin falls between two milestones. 3. Debt above 3.5 x EBITDA will be considered equity. The measurement is made as of the date that the debt is incurred. 4. Adjustments to Cumulative Revenue will be made for (a) Loans to Midway from National or debt issued above specified leverage thresholds; and (b) acquisitions or equity offerings that dilute National's ownership. 5. Adjustments to revenue will only apply to periods yet to happen (e.g., if a share acquisition took place at the beginning of February, 2008, the adjustment would only apply to the portion of the milestone corresponding to the period following February, 2008. For purposes of this calculation, this would be applied only to 11/36 or 30.56% of the cumulative revenue. If debt that qualifies as equity is incurred in the beginning of 2006, then the adjustment would apply to 100% of the 2006 through 2008 cumulative revenue). 7. The term "Equity" is defined by GAAP. Example for Schedule 1. Assumptions - ----------- 1. Cumulative 2006 through 2008 revenue is $1,000M. 2. There is a 50M Bank debt in the beginning of 2006, an equity offering of $100M in the beginning of 2007 and National loans $50M in the middle of 2008. For purposes of this calculation, the value of equity is $1,800 throughout the period. Analysis: - --------- Since the $50M Bank loan was incurred in the beginning of 2006, it would increases all Revenue Milestones by a fraction which is $50M divided by the value of equity = 2.78% Since the $100M offering took place in the beginning of 2007, it would increase all Cumulative Revenue milestones by 66% of $100M divided by the value of the equity (66% of 5.55%) which would = 3.67% ) Since the $50M loan from National took place in the latter half of 2008, it would increase all Cumulative Revenue milestones by 16.67% of $50M divided by the value of the equity (16.67% of 2.78%) = 0.46%. The cumulative increase is 6.94% resulting from all loans and equity offerings. With this adjustment to Schedule 1, the matrix is as follows: MidwayCumulative Revenue 2006-2008 Adjustment (Number of Shares) Milestones (in millions) (in millions) $1,069 and above 0 $ 962 8.6 $ 908 and under 12.85 Calculating the interpolation between the milestones: 1069 - 962 = 107 100 - 962 = 38 8.6 - (38/107 X 8.6) = 5.55 Pursuant to this example, at a Cumulative Revenue of $1,000M SMR would be required to transfer to Sumco 5.55 Million shares. Example for Schedule 2 Assumptions: - ------------ 1. Cumulative 2006 through 2008 revenue is $1,1760M. 2. There is a 50M Bank debt in the beginning of 2006, an equity offering of $100M in the beginning of 2007 and National loans $50M in the middle of 2008. For purposes of this calculation, the value of equity is $1,800M throughout the period. 3. The EBIT margin is 13% at 2008. Analysis: - --------- The $50M Bank loan increases all Revenue milestones by 2.78%. The $100M offering increases all Cumulative Revenue milestones by 3.67%. The $50M loan from National increases Cumulative Revenue milestones by 0.46%. The cumulative increase is 6.94%. (Same calculations as for Example for Schedule 1.) With this Adjustment to Schedule 2, the matrix is as follows: Midway Cumulative Revenue 2006-2008 Adjustment (Number of Shares) Milestones (in millions) (in millions) $ 1,389 and above 9.6 times EBIT multiplier $ 1,282 6.4 times EBIT multiplier $ 1,176 3.2 times EBIT multiplier $ 1,069 0 times EBIT multiplier No interpolation is necessary here since Cumulative Revenue is $1,176M. Thus at a Cumulative Revenue of $1,176M the number of shares is 3.27M which is further adjusted by applying the EBIT multiplier at 13% which is 0.6. The total number of shares to be transferred to SMR would be (3.2M X 0.6) = 1.92M. -----END PRIVACY-ENHANCED MESSAGE-----