-----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, TpoxzjJmUFmypJptEa2V29J4pf9ddFpacr1Di+KWmDazreH86v8+X6o1IV8TZpyp t6TATAHtPxPyQrl+z5lJag== 0001104659-11-000035.txt : 20110103 0001104659-11-000035.hdr.sgml : 20101231 20110103090034 ACCESSION NUMBER: 0001104659-11-000035 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110103 DATE AS OF CHANGE: 20110103 GROUP MEMBERS: DAVID H. BATCHELDER GROUP MEMBERS: RALPH V. WHITWORTH GROUP MEMBERS: RELATIONAL COAST PARTNERS, L.P. GROUP MEMBERS: RELATIONAL FUND PARTNERS, L.P. GROUP MEMBERS: RELATIONAL INVESTORS ALPHA FUND I, L.P. GROUP MEMBERS: RELATIONAL INVESTORS IX, L.P. GROUP MEMBERS: RELATIONAL INVESTORS VIII, L.P. GROUP MEMBERS: RELATIONAL INVESTORS X, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XV, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XVI, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XX, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XXII, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XXIII, L.P. GROUP MEMBERS: RELATIONAL INVESTORS, L.P. GROUP MEMBERS: RH FUND 1, L.P. GROUP MEMBERS: RH FUND 6, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL SEMICONDUCTOR CORP CENTRAL INDEX KEY: 0000070530 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 952095071 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12947 FILM NUMBER: 11500319 BUSINESS ADDRESS: STREET 1: 2900 SEMICONDUCTOR DR STREET 2: PO BOX 58090 CITY: SANTA CLARA STATE: CA ZIP: 95052-8090 BUSINESS PHONE: 4087215000 MAIL ADDRESS: STREET 1: 2900 SEMICONDUCTOR DR CITY: SANTA CLARA STATE: CA ZIP: 95052-8090 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RELATIONAL INVESTORS LLC CENTRAL INDEX KEY: 0001047644 IRS NUMBER: 330694767 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: 858.704.3333 MAIL ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 SC 13D/A 1 a10-24406_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 


Under the Securities Exchange Act of 1934
(Amendment No. 16)*

National Semiconductor Corporation

(Name of Issuer)

 

Common Stock, $.50 par value

(Title of Class of Securities)

 

637640103

(CUSIP Number)

 

Ralph V. Whitworth
Relational Investors, LLC
12400 High Bluff Drive, Suite 600
San Diego, CA 92130
(858) 704-3333

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

December 29, 2010

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   637640103

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
20,622,256

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
20,622,256

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
20,622,256

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
8.61%

 

 

14.

Type of Reporting Person (See Instructions)
IA/HC/OO

 

 

2



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
4,868,219

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
4,868,219

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,868,219

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
2.03%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

3



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Fund Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
54,493

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
54,493

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
54,493

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.02%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

4



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Coast Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
187,862

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
187,862

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
187,862

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.08%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

5



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
RH Fund 1, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,360,784

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,360,784

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,360,784

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.57%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

6



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
RH Fund 6, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
816,517

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
816,517

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
816,517

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.34%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

7



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors VIII, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
4,339,995

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
4,339,995

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,339,995

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
1.81%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

8



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors IX, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,285,703

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,285,703

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,285,703

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.54%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

9



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors X, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
349,611

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
349,611

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
349,611

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.15%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

10


 

 

 


 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XV, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
339,960

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
339,960

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
339,960

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.14%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

11



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XVI, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
451,063

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
451,063

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
451,063

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.19%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

12



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XX, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
272,165

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
272,165

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
272,165

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.11%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

13



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XXII, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
450,655

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
450,655

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
450,655

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.19%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

14



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XXIII, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
368,479

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
368,479

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
368,479

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.15%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

15



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors Alpha Fund I, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
820,919

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
820,919

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
820,919

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.34%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

16



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Ralph V. Whitworth

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
20,622,256

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
20,622,256

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
20,622,256

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
8.61%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

 

17



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
David H. Batchelder

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
20,622,256

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
20,622,256

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
20,622,256

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
8.61%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

 

18



 

Item 1.   Security and Issuer

 

This Schedule 13D/A constitutes the sixteenth amendment to the Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on March 3, 2003 (the “Statement”) and amended by Amendments No. 1, No. 2, No. 3, No. 4, No. 5, No. 6, No. 7, No. 8, No. 9, No. 10, No. 11, No. 12, No. 13, No. 14 and No. 15 filed by the Reporting Persons with the Securities and Exchange Commission on June 20, 2003, July 22, 2003, January 16, 2004, June 14, 2004, December 14, 2004, January 25, 2005, June 28, 2005, August 24, 2006, May 8, 2007, July 30, 2007, April 2, 2008, June 27, 2008, December 19, 2008, January 9, 2009 and January 20, 2009 respectively (“Amendments”) with respect to shares of the common stock (the “Shares”) of National Semiconductor Corporation (the “Company”). Except as specifically amended by this Schedule 13D/A, the Statement, as amended by the Amendments, remains in full force and effect.

Item 2.   Identity and Background

This Statement is being filed by and on behalf of Relational Investors, L.P. (“RILP”), Relational Fund Partners, L.P. (“RFP”), Relational Coast Partners, L.P. (“RCP”), RH Fund 1, L.P. (“RH1”), RH Fund 6, L.P. (“RH6”), Relational Investors VIII, L.P. (“RI VIII”), Relational Investors IX, L.P. (“RI IX”), Relational Investors X, L.P. (“RI X”), Relational Investors XV, L.P. (“RI XV”), Relational Investors XVI, L.P. (“RI XVI”), Relational Investors XX, L.P. (“RI XX”), Relational Investors XXII, L.P. (“RI XXII”), Relational Investors XXIII, L.P. (“RI XXIII”) and Relational Investors Alpha Fund I, L.P. (“RIA 1”), collectively, the “Relational LPs.” ;  Each of the Relational LPs is a Delaware limited partnership.  The principal business of each,  is investing in securities.

This Statement is also being filed by and on behalf of Relational Investors, LLC (“RILLC”), a Delaware limited liability company.  The principal business of RILLC is being the sole general partner, or the sole managing member of the general partner, of certain investment partnerships, including the Relational LPs and investment adviser of certain client managed accounts, the “Managed Accounts.”  The Relational LPs and the Managed Accounts are the beneficial owners of the securities covered by this Statement.  Pursuant to the Limited Partnership Agreement of each of the Relational LPs and the investment management agreement of the Managed Accounts, RILLC has sole investment discretion and voting authority with respect to the securities covered by this Statement.

This Statement is also being filed by and on behalf of Ralph V. Whitworth and David H. Batchelder.  Messrs. Whitworth and Batchelder are the Principals of RILLC, in which capacity they share voting control and dispositive power over the securities covered by this Statement.  Messrs. Whitworth and Batchelder, therefore, may be deemed to have shared indirect beneficial ownership of such securities.  The present principal occupation of each of Messrs. Whitworth and Batchelder is serving as Principals of RILLC (Messrs. Whitworth and Batchelder, together with Relational LPs and RILLC, hereinafter, the “Reporting Persons”).

During the last five years, none of the Reporting Persons has been (i) convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or (ii) 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.

The business address of each of the Reporting Persons is 12400 High Bluff Drive, Suite 600, San Diego, CA 92130.

Messrs. Whitworth and Batchelder are citizens of the United States.

Item 3.   Source and Amount of Funds or Other Consideration

Item 3 of the Statement is hereby amended and restated as follows:

RILLC and the Managed Accounts purchased an aggregate of 4,655,831 Shares for a total consideration (including brokerage commissions) of $72.1 million derived from capital of RILLC and the Managed Accounts.

The Relational LPs purchased an aggregate of 15,966,425 Shares for total consideration (including brokerage commissions) of $263.9 million derived from the capital of the Relational LPs and margin borrowings from Credit Suisse Securities (USA) LLC (“CSSU”) for RFP, RCP, RH1, RI XX and RI XXIII.

Interest on the margin debt balance of the margin accounts described above is charged at the then Federal Funds Rate plus 50 basis points.  CSSU has a lien on the Shares held by RFP, RCP, RH1, RI XX and RI XXIII to secure repayment of the margin borrowings described above.

Item 4.   Purpose of the transaction

Item 4 is hereby amended and restated as follows:

 

As of the date of this amendment, except as set forth below, none of the Reporting Persons has any present plan or intention that would result in or relate to any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

 

The Reporting Persons intend to closely monitor the Company’s performance and may modify their plans.  In addition, the Reporting Persons and their representatives and advisers may communicate with other stockholders, industry participants and other interested parties concerning the Company.

 

Although the Reporting Persons do not have any plans other than the monitoring and communication program outlined in the previous paragraph, the Reporting Persons may exercise any and all of their respective rights as stockholders of the Company in a manner consistent with their equity interests, including seeking representation on the Company’s board of directors at a special or annual meeting of the Company’s stockholders.

 

The Reporting Persons may from time-to-time (i) acquire additional Shares (subject to availability at prices deemed favorable) in the open market, in privately negotiated transactions or otherwise, or (ii) dispose of Shares at prices deemed favorable in the open market, in privately negotiated transactions or otherwise.

 

19



 

Item 5.   Interest in Securities of the Issuer

Item 5 of the Statement is hereby amended and restated as follows:

(a)           As of the date of this Statement, the Reporting Persons beneficially owned in the aggregate 20,622,256 Shares, constituting 8.61% of the outstanding Shares.  The percentage of Shares owned being based upon 239,566,095 Shares outstanding on August 29, 2010, as set forth in the Issuer’s Form 10-Q for the quarter ended August 29, 2010.  The Reporting Persons may be deemed to have direct beneficial ownership of the Shares as follows:

NAME

 

NUMBER OF SHARES

 

% OF OUTSTANDING SHARES

 

VOTING AND DISPOSITIVE POWER

 

RILLC

 

4,655,831

 

1.94

%

Sole

 

RILP

 

4,868,219

 

2.03

%

Sole

 

RFP

 

54,493

 

0.02

%

Sole

 

RCP

 

187,862

 

0.08

%

Sole

 

RH1

 

1,360,784

 

0.57

%

Sole

 

RH6

 

816,517

 

0.34

%

Sole

 

RI VIII

 

4,339,995

 

1.81

%

Sole

 

RI IX

 

1,285,703

 

0.54

%

Sole

 

RI X

 

349,611

 

0.15

%

Sole

 

RI XV

 

339,960

 

0.14

%

Sole

 

RI XVI

 

451,063

 

0.19

%

Sole

 

RI XX

 

272,165

 

0.11

%

Sole

 

RI XXII

 

450,655

 

0.19

%

Sole

 

RI XXIII

 

368,479

 

0.15

%

Sole

 

RIA 1

 

820,919

 

0.34

%

Sole

 

 

RILLC, individually and in its capacity as an investment adviser, may be deemed to possess direct beneficial ownership of the 4,655,831 Shares that are owned by it and the Managed Accounts.  Additionally, RILLC, as the sole general partner, or sole managing member of the general partner, of each of Relational LPs may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) the 15,966,425 Shares beneficially owned by the Relational LPs because the limited partnership agreements of the Relational LPs specify that RILLC has sole investment discretion and voting authority with respect to those Shares.

Each of Messrs. Whitworth and Batchelder, as Principals of RILLC, may be deemed to share indirect beneficial ownership of the Shares which RILLC may beneficially own.  Each of Messrs. Whitworth and Batchelder disclaims beneficial ownership of such Shares for all other purposes.

To the best of the knowledge of each of the Reporting Persons, other than as set forth above, none of the persons named in Item 2 is the beneficial owner of any Shares.

 

20



 

(b)           See item (a) above.

(c)           Not applicable.

(d)           No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Statement, except that dividends from, and proceeds from the sale of, the Shares held by accounts managed by RILLC may be delivered to such accounts.

(e)           Not applicable.

 

Item 7.  Material to Be Filed as Exhibits

 

The following Exhibits are filed herewith:

 

Exhibit A – Information concerning transactions in the Shares affected by the Reporting Persons in the last 60 days and not previously reported.

 

21



 

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:  January 3, 2011

RELATIONAL INVESTORS, L.P.
RELATIONAL FUND PARTNERS, L.P.
RELATIONAL COAST PARTNERS, L.P.
RH FUND 1, L.P.
RH FUND 6, L.P.
RELATIONAL INVESTORS VIII, L.P.
RELATIONAL INVESTORS IX, L.P.
RELATIONAL INVESTORS X, L.P.
RELATIONAL INVESTORS XV, L.P.
RELATIONAL INVESTORS XVI, L.P.
RELATIONAL INVESTORS XX, L.P.
RELATIONAL INVESTORS XXII, L.P.
RELATIONAL INVESTORS XXIII, L.P.
RELATIONAL INVESTORS ALPHA FUND I, L.P.

By:

RELATIONAL INVESTORS, LLC

 

as general partner to each, except as the sole managing member of the general partners of Relational Alpha Fund I, L.P. and Relational Investors X, L.P.

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

RELATIONAL INVESTORS, LLC

 

 

 

 

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

 

 

 

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth

 

 

 

 

 

 

 

 

 

 

 

/s/ David H. Batchelder

 

 

 

David H. Batchelder

 

 

 

 

22


EX-99.A 2 a10-24406_1ex99da.htm EXHIBIT A

Exhibit A

 

Transactions by Reporting Persons in the last 60 days.

 

Beneficial Ownership

 

Purchase or
Sale

 

Quantity

 

Transaction
Date

 

Price per Share
(including
commission)

 

How Effected

 

 

 

 

 

 

 

 

 

 

 

 

 

Relational Investors X, L.P.

 

Sale

 

11,501

 

12/1/2010

 

$

13.60

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

58,525

 

12/1/2010

 

$

13.60

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

80,105

 

12/1/2010

 

$

13.60

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,157

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,153

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

236

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

610

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

112

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

15

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

11,133

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

17,436

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors LLC

 

Sale

 

25,911

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors LLC

 

Sale

 

12,680

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors LLC

 

Sale

 

2,238

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors LLC

 

Sale

 

22,309

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

58,859

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

4,741

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

4,610

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

6,117

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

3,691

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

6,111

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

4,997

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

65,143

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

881

 

12/10/2010

 

$

14.07

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

77,956

 

12/10/2010

 

$

14.07

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

18,455

 

12/10/2010

 

$

14.07

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

11,073

 

12/10/2010

 

$

14.07

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,292

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

646

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

646

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

132

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

66

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

66

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

341

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

170

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

170

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

63

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

17

 

12/20/2010

 

$

13.74

 

Open Market

 

 



 

Relational Fund Partners, L.P.

 

Sale

 

14

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

31

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

8

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

4

 

12/20/2010

 

$

13.73

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

4

 

12/20/2010

 

$

13.73

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

6,226

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

3,113

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

3,113

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

2,539

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

7,212

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3,412

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

1,463

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3,412

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

1,463

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

14,490

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

7,245

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

7,245

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

7,092

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,251

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

3,545

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

626

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

3,545

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

626

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

12,476

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

6,238

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

4,012

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

2,226

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

32,917

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

16,458

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

16,458

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

2,651

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,325

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,325

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

2,578

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

1,289

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

1,289

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

3,421

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

1,710

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

1,710

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

2,064

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

1,032

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

1,031

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

1

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

3,418

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

1,709

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

1,064

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

645

 

12/20/2010

 

$

13.74

 

Open Market

 

 



 

Relational Investors XXIII, L.P.

 

Sale

 

2,794

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

1,397

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

1,387

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

10

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

36,924

 

12/20/2010

 

$

13.79

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

18,462

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

18,462

 

12/20/2010

 

$

13.74

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

43,597

 

12/20/2010

 

$

13.79

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

21,803

 

12/20/2010

 

$

13.74

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

21,803

 

12/20/2010

 

$

13.74

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

10,321

 

12/20/2010

 

$

13.79

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

5,160

 

12/20/2010

 

$

13.74

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

5,160

 

12/20/2010

 

$

13.74

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

626

 

12/20/2010

 

$

13.79

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

5,567

 

12/20/2010

 

$

13.79

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

3,096

 

12/20/2010

 

$

13.74

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

3,096

 

12/20/2010

 

$

13.74

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

646

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

646

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,557

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,463

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

2

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

66

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

68

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

310

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

171

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

171

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

259

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

540

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

1

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

27

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

4

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

31

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

151

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

4

 

12/21/2010

 

$

13.78

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

4

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

18

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

3

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

1

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

685

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

2,428

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

3,115

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

14,548

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

2

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3,413

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

1,463

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3,415

 

12/21/2010

 

$

13.79

 

Open Market

 

 



 

Relational Investors IX, L.P.

 

Sale

 

1,463

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

15,950

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

6,836

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3

 

12/21/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

7,245

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

7,245

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

33,860

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

5

 

12/21/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

3,546

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

626

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

3,546

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

626

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

16,571

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

2,924

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

3

 

12/21/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

1

 

12/21/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

6,238

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

6,238

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

29,154

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

4

 

12/21/2010

 

$

13.80

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

16,459

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

16,460

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

69,600

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

7,312

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

12

 

12/21/2010

 

$

13.80

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,326

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,326

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

6,197

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

2

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

1,289

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

1,289

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

6,027

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

1,713

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

1,710

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

1,701

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

6,293

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

1

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

1,032

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

1,032

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

4,825

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

1,709

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

1,709

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

7,987

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

2

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

1,397

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

1,397

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

6,533

 

12/21/2010

 

$

13.79

 

Open Market

 

 



 

Relational Investors XXIII, L.P.

 

Sale

 

1

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

18,462

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

18,462

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

64,141

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

22,131

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

15

 

12/21/2010

 

$

13.80

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

21,792

 

12/21/2010

 

$

13.79

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

21,789

 

12/21/2010

 

$

13.79

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

101,823

 

12/21/2010

 

$

13.79

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

16

 

12/21/2010

 

$

13.80

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

5,163

 

12/21/2010

 

$

13.79

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

5,160

 

12/21/2010

 

$

13.79

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

24,115

 

12/21/2010

 

$

13.79

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

3

 

12/21/2010

 

$

13.80

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

3,096

 

12/21/2010

 

$

13.79

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

3,098

 

12/21/2010

 

$

13.79

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

14,471

 

12/21/2010

 

$

13.79

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

2

 

12/21/2010

 

$

13.79

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

49,585

 

12/29/2010

 

$

13.80

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

13,857

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

19,455

 

12/29/2010

 

$

13.80

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

8,314

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

44,195

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

9,164

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3,928

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

3,560

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

3,461

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

4,593

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

2,771

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

4,589

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

3,752

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

9,521

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,680

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,735

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

177

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

458

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

84

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

11

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

8,359

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

16,751

 

12/29/2010

 

$

13.80

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

49,585

 

12/30/2010

 

$

13.80

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

13,857

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

19,455

 

12/30/2010

 

$

13.80

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

8,314

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

44,195

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

9,164

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3,928

 

12/30/2010

 

$

13.80

 

Open Market

 

 



 

Relational Investors X, L.P.

 

Sale

 

3,560

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

3,461

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

4,593

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

2,771

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

4,589

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

3,752

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

9,521

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,680

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,735

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

177

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

458

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

84

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

11

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

8,359

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors LLC

 

Sale

 

16,751

 

12/30/2010

 

$

13.80

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

49,585

 

12/31/2010

 

$

13.72

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

13,857

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors LLC

 

Sale

 

19,455

 

12/31/2010

 

$

13.72

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

8,314

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

44,195

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

9,164

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3,928

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

3,560

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

3,461

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

4,593

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

2,771

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors XXII, L.P.

 

Sale

 

4,589

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

3,752

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors LLC

 

Sale

 

9,521

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,680

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,735

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

177

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

458

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

84

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

11

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors Alpha Fund I, L.P.

 

Sale

 

8,359

 

12/31/2010

 

$

13.72

 

Open Market

 

Relational Investors LLC

 

Sale

 

16,751

 

12/31/2010

 

$

13.72

 

Open Market

 

 


 

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