0001104659-14-061135.txt : 20140814 0001104659-14-061135.hdr.sgml : 20140814 20140814171801 ACCESSION NUMBER: 0001104659-14-061135 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20140814 DATE AS OF CHANGE: 20140814 GROUP MEMBERS: DAVID H. BATCHELDER GROUP MEMBERS: RALPH V. WHITWORTH GROUP MEMBERS: RELATIONAL CO-INVESTMENT FUND I, L.P. GROUP MEMBERS: RELATIONAL COAST PARTNERS, L.P. GROUP MEMBERS: RELATIONAL FUND PARTNERS, L.P. GROUP MEMBERS: RELATIONAL INVESTORS IX, L.P. GROUP MEMBERS: RELATIONAL INVESTORS MID-CAP FUND I, L.P. GROUP MEMBERS: RELATIONAL INVESTORS MID-CAP FUND II, 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 XXIII, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XXIV, L.P. GROUP MEMBERS: RH FUND 1, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TIMKEN CO CENTRAL INDEX KEY: 0000098362 STANDARD INDUSTRIAL CLASSIFICATION: BALL & ROLLER BEARINGS [3562] IRS NUMBER: 340577130 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-15852 FILM NUMBER: 141044274 BUSINESS ADDRESS: STREET 1: 1835 DUEBER AVE SW CITY: CANTON STATE: OH ZIP: 44706-2798 BUSINESS PHONE: 3304713078 FORMER COMPANY: FORMER CONFORMED NAME: TIMKEN ROLLER BEARING CO DATE OF NAME CHANGE: 19710304 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RELATIONAL INVESTORS LLC CENTRAL INDEX KEY: 0001047644 IRS NUMBER: 330694767 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 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 a14-19076_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. 9)*

The Timken Company

(Name of Issuer)

Common Stock, $0.00 par value

(Title of Class of Securities)

887389104

(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)

August 12, 2014

(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.

	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 4,158,522

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 4,158,522

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 4,158,522

	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) 4.58%

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

	1.	Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (Entities Only) Relational Investors Mid-Cap 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 1,175,824

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 1,175,824

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,175,824

	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) 1.30%

	14.	Type of Reporting Person (See Instructions) PN

	1.	Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (Entities Only) Relational Investors Mid-Cap Fund II, 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 1,281,483

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 1,281,483

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,281,483

	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) 1.41%

	14.	Type of Reporting Person (See Instructions) PN

	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 69,088

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 69,088

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 69,088

	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

	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 7,155

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 7,155

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 7,155

	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) 0.01%

	14.	Type of Reporting Person (See Instructions) PN

	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 30,776

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 30,776

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 30,776

	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) 0.03%

	14.	Type of Reporting Person (See Instructions) PN

	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 115,985

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 115,985

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 115,985

	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) 0.13%

	14.	Type of Reporting Person (See Instructions) PN

	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 69,116

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 69,116

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 69,116

	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

	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 20,350

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 20,350

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 20,350

	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

	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/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 61,060

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 61,060

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 61,060

	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) 0.07%

	14.	Type of Reporting Person (See Instructions) PN

	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 86,629

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 86,629

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 86,629

	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) 0.10%

	14.	Type of Reporting Person (See Instructions) PN

	1.	Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (Entities Only) Relational Investors XXIV, 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 10,378

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 10,378

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 10,378

	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) 0.01%

	14.	Type of Reporting Person (See Instructions) PN

	1.	Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (Entities Only) Relational Co-Investment 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 538,844

			8.	Shared Voting Power -0-

			9.	Sole Dispositive Power 538,844

			10.	Shared Dispositive Power -0-

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 538,844

	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) 0.59%

	14.	Type of Reporting Person (See Instructions) PN

	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 4,158,522

			9.	Sole Dispositive Power -0-

			10.	Shared Dispositive Power 4,158,522

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 4,158,522

	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) 4.58%

	14.	Type of Reporting Person (See Instructions) IN

	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 4,158,522

			9.	Sole Dispositive Power -0-

			10.	Shared Dispositive Power 4,158,522

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 4,158,522

	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) 4.58%

	14.	Type of Reporting Person (See Instructions) IN

Item 1.

Security and Issuer

This Schedule 13D/A constitutes the ninth amendment to the Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on November 28, 2012 and amended by Amendment No.1, No. 2, No. 3, No. 4, No. 5, No. 6, No. 7 and No. 8 filed by the Reporting Persons with the SEC on January 18, 2013, February 19, 2013, February 27, 2013, July 3, 2013, August 5, 2013, December 18, 2013, July 10, 2014 and August 7, 2014 (the “Statement”) with respect to the common stock, $0.00 par value (the “Shares”), of The Timken Company (the “Issuer” or the “Company”). Except as specifically amended by this Schedule 13D/A, the Statement remains in full force and effect.

Item 2.

Identity and Background

This Statement is being filed by Relational Investors Mid-Cap Fund I, L.P. (“MC I”), Relational Investors Mid-Cap Fund II, L.P. (“MC II”), Relational Coast Partners, L.P. (“RCP”), Relational Fund Partners, L.P. (“RFP”), RH Fund 1, L.P. (“RH 1”), Relational Investors IX, L.P. (“RI IX”), Relational Investors XV, L.P. (“RI XV”), Relational Investors XVI, L.P. (“RI XVI”), Relational Investors XX, L.P. (“RI XX”), Relational Investors XXIII, L.P. (“RI XXIII”), Relational Investors XXIV, L.P. (“RI XXIV”) and Relational Co-Investment Fund I, L.P. (“RCF I”) collectively, the “Relational LPs.” Each of the Relational LPs is a Delaware limited partnership. The principal business of each is securities investment.

This Statement is also being filed by Relational Investors, LLC (“RILLC”), a Delaware limited liability company. The principal business of RILLC is being the sole general partner or sole managing member of the general partner of certain investment partnerships, including the Relational LPs and the 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 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 certain securities covered by this Statement. As such, Messrs. Whitworth and Batchelder may be deemed to have indirect beneficial ownership of such securities, but, each of Mr. Whitworth and Mr. Batchelder disclaim beneficial ownership of the Shares except to the extent of his pecuniary interest therein. 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 Relational Entities 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

The Reporting Persons purchased an aggregate of 4,158,522 Shares for total consideration (including brokerage commissions) of $144 million derived from their working capital.

Item 5.

Interest in Securities of the Issuer

(a) As of the date of this Statement, the Reporting Persons beneficially own in the aggregate 4,158,522 Shares, constituting approximately 4.58% of the outstanding Shares. The percentage of Shares owned is based upon 90,775,088 Shares reported to be outstanding on June 30, 2014, as set forth in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2014. 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	691,834	0.76%	Sole
MC I	1,175,824	1.30%	Sole
MC II	1,281,483	1.41%	Sole
RCP	69,088	0.08%	Sole
RFP	7,155	0.01%	Sole
RH 1	30,776	0.03%	Sole
RI IX	115,985	0.13%	Sole
RI XV	69,116	0.08%	Sole
RI XVI	20,350	0.02%	Sole
RI XX	61,060	0.07%	Sole
RI XXIII	86,629	0.10%	Sole
RI XXIV	10,378	0.01%	Sole
RCF I	538,844	0.59%	Sole

RILLC, individually and in its capacity as an investment adviser, may be deemed to possess direct beneficial ownership of the 691,834 Shares that are owned by it and the Managed Accounts. Additionally, RILLC, as the sole 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 3,466,688 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 have indirect beneficial ownership of the Shares which RILLC may beneficially own. Each of Messrs. Whitworth and Batchelder disclaims beneficial ownership of such Shares except to the extent of his pecuniary interest therein.

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.

(b) See item (a) above.

(c) Information concerning open market transactions in the Shares by the Reporting Persons during the past 60 days not previously reported is set forth in Exhibit A filed with this Statement.

(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) The Reporting Persons ceased to be beneficial owners of more than 5 percent of Shares on August 12, 2014.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Except for the joint filing agreement between and among the Reporting Persons attached hereto as Exhibit B, and except for the investment discretion and voting authority described in Item 2 of this Statement and in the respective partnership agreements and investment management agreements of the Relational LPs and Managed Accounts which each contain provisions whereby RILLC may, after certain adjustments, receive a percentage of realized or unrealized profits, if any, derived from that partnership’s or managed account’s investments, to the best of the knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons or between the Reporting Persons and any other person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

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 not previously reported. Exhibit B – Joint Filing 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: August 14, 2014

RELATIONAL INVESTORS MID-CAP FUND I, L.P.
RELATIONAL INVESTORS MID-CAP FUND II, L.P.

RELATIONAL COAST PARTNERS, L.P.

RELATIONAL FUND PARTNERS, L.P.

RH Fund 1, L.P.

RELATIONAL INVESTORS IX, L.P.

RELATIONAL INVESTORS XV, L.P.

RELATIONAL INVESTORS XVI, L.P.

RELATIONAL INVESTORS XX, L.P.

RELATIONAL INVESTORS XXIII, L.P.
RELATIONAL INVESTORS XXIV, L.P.
RELATIONAL CO-INVESTMENT FUND I, L.P.

By:	RELATIONAL INVESTORS, LLC
	as general partner to each,

	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

EXHIBIT INDEX

Exhibit		Description

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

B.		Joint Filing Agreement.

EX-99.A 2 a14-19076_1ex99da.htm EXHIBIT A

Exhibit A

Transactions by Reporting Persons in the last 60 days not previously reported.

Beneficial Ownership	Purchase or Sale	Quantity	Transaction Date	Price per Share (including commission)		How Effected
Relational Investors LLC	Sale	557	8/8/2014	$	45.08	Open Market
Relational Investors LLC	Sale	2,743	8/8/2014	$	45.46	Open Market
Relational Investors LLC	Sale	557	8/8/2014	$	45.01	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	7,068	8/8/2014	$	45.08	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	34,785	8/8/2014	$	45.46	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	7,068	8/8/2014	$	45.01	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	7,711	8/8/2014	$	45.08	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	30,040	8/8/2014	$	45.46	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	3,146	8/8/2014	$	45.46	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	4,736	8/8/2014	$	45.46	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	7,711	8/8/2014	$	45.01	Open Market
Relational Investors LLC	Sale	1,223	8/8/2014	$	45.08	Open Market
Relational Investors LLC	Sale	6,019	8/8/2014	$	45.46	Open Market
Relational Investors LLC	Sale	1,223	8/8/2014	$	45.01	Open Market
Relational Coast Partners, L.P.	Sale	415	8/8/2014	$	45.08	Open Market
Relational Coast Partners, L.P.	Sale	2,043	8/8/2014	$	45.46	Open Market
Relational Coast Partners, L.P.	Sale	415	8/8/2014	$	45.01	Open Market
Relational Fund Partners, L.P.	Sale	42	8/8/2014	$	45.08	Open Market
Relational Fund Partners, L.P.	Sale	85	8/8/2014	$	45.46	Open Market
Relational Fund Partners, L.P.	Sale	126	8/8/2014	$	45.46	Open Market
Relational Fund Partners, L.P.	Sale	31	8/8/2014	$	45.01	Open Market
Relational Fund Partners, L.P.	Sale	11	8/8/2014	$	45.01	Open Market
RH Fund 1, L.P.	Sale	185	8/8/2014	$	45.08	Open Market
RH Fund 1, L.P.	Sale	910	8/8/2014	$	45.46	Open Market
RH Fund 1, L.P.	Sale	185	8/8/2014	$	45.01	Open Market
Relational Investors XV, L.P.	Sale	415	8/8/2014	$	45.08	Open Market
Relational Investors XV, L.P.	Sale	1,040	8/8/2014	$	45.46	Open Market
Relational Investors XV, L.P.	Sale	1,004	8/8/2014	$	45.46	Open Market
Relational Investors XV, L.P.	Sale	415	8/8/2014	$	45.01	Open Market
Relational Investors XVI, L.P.	Sale	122	8/8/2014	$	45.08	Open Market
Relational Investors XVI, L.P.	Sale	601	8/8/2014	$	45.46	Open Market
Relational Investors XVI, L.P.	Sale	122	8/8/2014	$	45.01	Open Market
Relational Investors XX, L.P.	Sale	204	8/8/2014	$	45.08	Open Market
Relational Investors XX, L.P.	Sale	163	8/8/2014	$	45.08	Open Market

Relational Investors XX, L.P.	Sale	1,152	8/8/2014	$	45.46	Open Market
Relational Investors XX, L.P.	Sale	654	8/8/2014	$	45.46	Open Market
Relational Investors XX, L.P.	Sale	367	8/8/2014	$	45.01	Open Market
Relational Investors XXIII, L.P.	Sale	439	8/8/2014	$	45.08	Open Market
Relational Investors XXIII, L.P.	Sale	81	8/8/2014	$	45.08	Open Market
Relational Investors XXIII, L.P.	Sale	1,791	8/8/2014	$	45.46	Open Market
Relational Investors XXIII, L.P.	Sale	771	8/8/2014	$	45.46	Open Market
Relational Investors XXIII, L.P.	Sale	520	8/8/2014	$	45.01	Open Market
Relational Investors IX, L.P.	Sale	697	8/8/2014	$	45.08	Open Market
Relational Investors IX, L.P.	Sale	621	8/8/2014	$	45.46	Open Market
Relational Investors IX, L.P.	Sale	1,781	8/8/2014	$	45.46	Open Market
Relational Investors IX, L.P.	Sale	1,029	8/8/2014	$	45.46	Open Market
Relational Investors IX, L.P.	Sale	681	8/8/2014	$	45.01	Open Market
Relational Investors IX, L.P.	Sale	16	8/8/2014	$	45.01	Open Market
Relational Investors LLC	Sale	2,377	8/8/2014	$	45.08	Open Market
Relational Investors LLC	Sale	11,700	8/8/2014	$	45.46	Open Market
Relational Investors LLC	Sale	2,377	8/8/2014	$	45.01	Open Market
Relational Co-Investment Fund I, L.P.	Sale	3,239	8/8/2014	$	45.08	Open Market
Relational Co-Investment Fund I, L.P.	Sale	15,940	8/8/2014	$	45.46	Open Market
Relational Co-Investment Fund I, L.P.	Sale	3,239	8/8/2014	$	45.01	Open Market
Relational Investors XXIV, L.P.	Sale	62	8/8/2014	$	45.08	Open Market
Relational Investors XXIV, L.P.	Sale	306	8/8/2014	$	45.46	Open Market
Relational Investors XXIV, L.P.	Sale	62	8/8/2014	$	45.01	Open Market
Relational Investors LLC	Sale	2,230	8/11/2014	$	45.55	Open Market
Relational Investors LLC	Sale	223	8/11/2014	$	45.82	Open Market
Relational Investors LLC	Sale	1,449	8/11/2014	$	45.61	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	23,861	8/11/2014	$	45.55	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	4,414	8/11/2014	$	45.55	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	2,827	8/11/2014	$	45.82	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	18,379	8/11/2014	$	45.61	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	5,073	8/11/2014	$	45.55	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	15,166	8/11/2014	$	45.55	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	10,585	8/11/2014	$	45.55	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	3,088	8/11/2014	$	45.82	Open Market

Relational Investors Mid-Cap Fund II, L.P.	Sale	2,059	8/11/2014	$	45.61	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	629	8/11/2014	$	45.61	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	17,349	8/11/2014	$	45.61	Open Market
Relational Investors LLC	Sale	4,892	8/11/2014	$	45.55	Open Market
Relational Investors LLC	Sale	489	8/11/2014	$	45.82	Open Market
Relational Investors LLC	Sale	3,180	8/11/2014	$	45.61	Open Market
Relational Coast Partners, L.P.	Sale	38	8/11/2014	$	45.55	Open Market
Relational Coast Partners, L.P.	Sale	1,606	8/11/2014	$	45.55	Open Market
Relational Coast Partners, L.P.	Sale	6	8/11/2014	$	45.55	Open Market
Relational Coast Partners, L.P.	Sale	11	8/11/2014	$	45.55	Open Market
Relational Coast Partners, L.P.	Sale	7	8/11/2014	$	45.82	Open Market
Relational Coast Partners, L.P.	Sale	159	8/11/2014	$	45.82	Open Market
Relational Coast Partners, L.P.	Sale	1,079	8/11/2014	$	45.61	Open Market
Relational Fund Partners, L.P.	Sale	171	8/11/2014	$	45.55	Open Market
Relational Fund Partners, L.P.	Sale	17	8/11/2014	$	45.82	Open Market
Relational Fund Partners, L.P.	Sale	111	8/11/2014	$	45.61	Open Market
RH Fund 1, L.P.	Sale	740	8/11/2014	$	45.55	Open Market
RH Fund 1, L.P.	Sale	74	8/11/2014	$	45.82	Open Market
RH Fund 1, L.P.	Sale	481	8/11/2014	$	45.61	Open Market
Relational Investors XV, L.P.	Sale	126	8/11/2014	$	45.55	Open Market
Relational Investors XV, L.P.	Sale	1,535	8/11/2014	$	45.55	Open Market
Relational Investors XV, L.P.	Sale	166	8/11/2014	$	45.82	Open Market
Relational Investors XV, L.P.	Sale	1,080	8/11/2014	$	45.61	Open Market
Relational Investors XVI, L.P.	Sale	489	8/11/2014	$	45.55	Open Market
Relational Investors XVI, L.P.	Sale	48	8/11/2014	$	45.82	Open Market
Relational Investors XVI, L.P.	Sale	318	8/11/2014	$	45.61	Open Market
Relational Investors XX, L.P.	Sale	1,468	8/11/2014	$	45.55	Open Market
Relational Investors XX, L.P.	Sale	146	8/11/2014	$	45.82	Open Market
Relational Investors XX, L.P.	Sale	954	8/11/2014	$	45.61	Open Market
Relational Investors XXIII, L.P.	Sale	2,083	8/11/2014	$	45.55	Open Market
Relational Investors XXIII, L.P.	Sale	208	8/11/2014	$	45.82	Open Market
Relational Investors XXIII, L.P.	Sale	1,354	8/11/2014	$	45.61	Open Market
Relational Investors IX, L.P.	Sale	1,480	8/11/2014	$	45.55	Open Market
Relational Investors IX, L.P.	Sale	472	8/11/2014	$	45.55	Open Market

Relational Investors IX, L.P.	Sale	837	8/11/2014	$	45.55	Open Market
Relational Investors IX, L.P.	Sale	278	8/11/2014	$	45.82	Open Market
Relational Investors IX, L.P.	Sale	1,812	8/11/2014	$	45.61	Open Market
Relational Investors LLC	Sale	9,511	8/11/2014	$	45.55	Open Market
Relational Investors LLC	Sale	951	8/11/2014	$	45.82	Open Market
Relational Investors LLC	Sale	6,182	8/11/2014	$	45.61	Open Market
Relational Co-Investment Fund I, L.P.	Sale	12,957	8/11/2014	$	45.55	Open Market
Relational Co-Investment Fund I, L.P.	Sale	1,295	8/11/2014	$	45.82	Open Market
Relational Co-Investment Fund I, L.P.	Sale	8,422	8/11/2014	$	45.61	Open Market
Relational Investors XXIV, L.P.	Sale	249	8/11/2014	$	45.55	Open Market
Relational Investors XXIV, L.P.	Sale	24	8/11/2014	$	45.82	Open Market
Relational Investors XXIV, L.P.	Sale	162	8/11/2014	$	45.61	Open Market
Relational Investors LLC	Sale	1,115	8/12/2014	$	45.49	Open Market
Relational Investors LLC	Sale	1,449	8/12/2014	$	45.44	Open Market
Relational Investors LLC	Sale	639	8/12/2014	$	45.35	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	3,148	8/12/2014	$	45.49	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	10,989	8/12/2014	$	45.49	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	18,379	8/12/2014	$	45.44	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	8,108	8/12/2014	$	45.35	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	14,117	8/12/2014	$	45.49	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	1,299	8/12/2014	$	45.49	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	8,982	8/12/2014	$	45.44	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	11,055	8/12/2014	$	45.44	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	8,844	8/12/2014	$	45.35	Open Market
Relational Investors LLC	Sale	2,446	8/12/2014	$	45.49	Open Market
Relational Investors LLC	Sale	3,180	8/12/2014	$	45.44	Open Market
Relational Investors LLC	Sale	1,403	8/12/2014	$	45.35	Open Market
Relational Coast Partners, L.P.	Sale	830	8/12/2014	$	45.49	Open Market
Relational Coast Partners, L.P.	Sale	1,079	8/12/2014	$	45.44	Open Market
Relational Coast Partners, L.P.	Sale	476	8/12/2014	$	45.35	Open Market
Relational Fund Partners, L.P.	Sale	86	8/12/2014	$	45.49	Open Market
Relational Fund Partners, L.P.	Sale	111	8/12/2014	$	45.44	Open Market
Relational Fund Partners, L.P.	Sale	49	8/12/2014	$	45.35	Open Market
RH Fund 1, L.P.	Sale	370	8/12/2014	$	45.49	Open Market

RH Fund 1, L.P.	Sale	481	8/12/2014	$	45.44	Open Market
RH Fund 1, L.P.	Sale	212	8/12/2014	$	45.35	Open Market
Relational Investors XV, L.P.	Sale	830	8/12/2014	$	45.49	Open Market
Relational Investors XV, L.P.	Sale	1,080	8/12/2014	$	45.44	Open Market
Relational Investors XV, L.P.	Sale	476	8/12/2014	$	45.35	Open Market
Relational Investors XVI, L.P.	Sale	244	8/12/2014	$	45.49	Open Market
Relational Investors XVI, L.P.	Sale	318	8/12/2014	$	45.44	Open Market
Relational Investors XVI, L.P.	Sale	140	8/12/2014	$	45.35	Open Market
Relational Investors XX, L.P.	Sale	734	8/12/2014	$	45.49	Open Market
Relational Investors XX, L.P.	Sale	871	8/12/2014	$	45.44	Open Market
Relational Investors XX, L.P.	Sale	83	8/12/2014	$	45.44	Open Market
Relational Investors XX, L.P.	Sale	421	8/12/2014	$	45.35	Open Market
Relational Investors XXIII, L.P.	Sale	1,041	8/12/2014	$	45.49	Open Market
Relational Investors XXIII, L.P.	Sale	1,354	8/12/2014	$	45.44	Open Market
Relational Investors XXIII, L.P.	Sale	67	8/12/2014	$	45.35	Open Market
Relational Investors XXIII, L.P.	Sale	530	8/12/2014	$	45.35	Open Market
Relational Investors IX, L.P.	Sale	1,394	8/12/2014	$	45.49	Open Market
Relational Investors IX, L.P.	Sale	1,268	8/12/2014	$	45.44	Open Market
Relational Investors IX, L.P.	Sale	544	8/12/2014	$	45.44	Open Market
Relational Investors IX, L.P.	Sale	799	8/12/2014	$	45.35	Open Market
Relational Investors LLC	Sale	4,755	8/12/2014	$	45.49	Open Market
Relational Investors LLC	Sale	6,182	8/12/2014	$	45.44	Open Market
Relational Investors LLC	Sale	2,727	8/12/2014	$	45.35	Open Market
Relational Co-Investment Fund I, L.P.	Sale	6,478	8/12/2014	$	45.49	Open Market
Relational Co-Investment Fund I, L.P.	Sale	8,422	8/12/2014	$	45.44	Open Market
Relational Co-Investment Fund I, L.P.	Sale	3,715	8/12/2014	$	45.35	Open Market
Relational Investors XXIV, L.P.	Sale	124	8/12/2014	$	45.49	Open Market
Relational Investors XXIV, L.P.	Sale	162	8/12/2014	$	45.44	Open Market
Relational Investors XXIV, L.P.	Sale	71	8/12/2014	$	45.35	Open Market
Relational Investors LLC	Sale	1,115	8/13/2014	$	45.46	Open Market
Relational Investors LLC	Sale	2,787	8/13/2014	$	46.18	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	10,077	8/13/2014	$	45.46	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	4,060	8/13/2014	$	45.46	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	24,708	8/13/2014	$	46.18	Open Market

Relational Investors Mid-Cap Fund I, L.P.	Sale	1,220	8/13/2014	$	46.18	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	9,416	8/13/2014	$	46.18	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	15,416	8/13/2014	$	45.46	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	11,884	8/13/2014	$	46.18	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	16,187	8/13/2014	$	46.18	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	10,458	8/13/2014	$	46.18	Open Market
Relational Investors LLC	Sale	2,446	8/13/2014	$	45.46	Open Market
Relational Investors LLC	Sale	6,116	8/13/2014	$	46.18	Open Market
Relational Coast Partners, L.P.	Sale	830	8/13/2014	$	45.46	Open Market
Relational Coast Partners, L.P.	Sale	1,893	8/13/2014	$	46.18	Open Market
Relational Coast Partners, L.P.	Sale	26	8/13/2014	$	46.18	Open Market
Relational Coast Partners, L.P.	Sale	157	8/13/2014	$	46.18	Open Market
Relational Fund Partners, L.P.	Sale	70	8/13/2014	$	45.46	Open Market
Relational Fund Partners, L.P.	Sale	16	8/13/2014	$	45.46	Open Market
Relational Fund Partners, L.P.	Sale	215	8/13/2014	$	46.18	Open Market
RH Fund 1, L.P.	Sale	370	8/13/2014	$	45.46	Open Market
RH Fund 1, L.P.	Sale	925	8/13/2014	$	46.18	Open Market
Relational Investors XV, L.P.	Sale	830	8/13/2014	$	45.46	Open Market
Relational Investors XV, L.P.	Sale	106	8/13/2014	$	46.18	Open Market
Relational Investors XV, L.P.	Sale	1,971	8/13/2014	$	46.18	Open Market
Relational Investors XVI, L.P.	Sale	244	8/13/2014	$	45.46	Open Market
Relational Investors XVI, L.P.	Sale	611	8/13/2014	$	46.18	Open Market
Relational Investors XX, L.P.	Sale	734	8/13/2014	$	45.46	Open Market
Relational Investors XX, L.P.	Sale	1,835	8/13/2014	$	46.18	Open Market
Relational Investors XXIII, L.P.	Sale	1,041	8/13/2014	$	45.46	Open Market
Relational Investors XXIII, L.P.	Sale	2,603	8/13/2014	$	46.18	Open Market
Relational Investors IX, L.P.	Sale	1,394	8/13/2014	$	45.46	Open Market
Relational Investors IX, L.P.	Sale	2,440	8/13/2014	$	46.18	Open Market
Relational Investors IX, L.P.	Sale	739	8/13/2014	$	46.18	Open Market
Relational Investors IX, L.P.	Sale	307	8/13/2014	$	46.18	Open Market
Relational Investors LLC	Sale	4,755	8/13/2014	$	45.46	Open Market
Relational Investors LLC	Sale	11,888	8/13/2014	$	46.18	Open Market
Relational Co-Investment Fund I, L.P.	Sale	6,478	8/13/2014	$	45.46	Open Market
Relational Co-Investment Fund I, L.P.	Sale	16,197	8/13/2014	$	46.18	Open Market
Relational Investors XXIV, L.P.	Sale	124	8/13/2014	$	45.46	Open Market
Relational Investors XXIV, L.P.	Sale	311	8/13/2014	$	46.18	Open Market

Relational Investors LLC	Sale	1,518	8/14/2014	$	46.03	Open Market
Relational Investors LLC	Sale	669	8/14/2014	$	45.98	Open Market
Relational Investors LLC	Sale	278	8/14/2014	$	45.97	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	19,257	8/14/2014	$	46.03	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	8,482	8/14/2014	$	45.98	Open Market
Relational Investors Mid-Cap Fund I, L.P.	Sale	3,534	8/14/2014	$	45.97	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	5,277	8/14/2014	$	46.03	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	15,718	8/14/2014	$	46.03	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	9,253	8/14/2014	$	45.98	Open Market
Relational Investors Mid-Cap Fund II, L.P.	Sale	3,860	8/14/2014	$	45.97	Open Market
Relational Investors LLC	Sale	3,332	8/14/2014	$	46.03	Open Market
Relational Investors LLC	Sale	1,467	8/14/2014	$	45.98	Open Market
Relational Investors LLC	Sale	611	8/14/2014	$	45.97	Open Market
Relational Coast Partners, L.P.	Sale	1,131	8/14/2014	$	46.03	Open Market
Relational Coast Partners, L.P.	Sale	498	8/14/2014	$	45.98	Open Market
Relational Coast Partners, L.P.	Sale	207	8/14/2014	$	45.97	Open Market
Relational Fund Partners, L.P.	Sale	117	8/14/2014	$	46.03	Open Market
Relational Fund Partners, L.P.	Sale	51	8/14/2014	$	45.98	Open Market
Relational Fund Partners, L.P.	Sale	21	8/14/2014	$	45.97	Open Market
RH Fund 1, L.P.	Sale	504	8/14/2014	$	46.03	Open Market
RH Fund 1, L.P.	Sale	222	8/14/2014	$	45.98	Open Market
RH Fund 1, L.P.	Sale	92	8/14/2014	$	45.97	Open Market
Relational Investors XV, L.P.	Sale	1,131	8/14/2014	$	46.03	Open Market
Relational Investors XV, L.P.	Sale	498	8/14/2014	$	45.98	Open Market
Relational Investors XV, L.P.	Sale	207	8/14/2014	$	45.97	Open Market
Relational Investors XVI, L.P.	Sale	333	8/14/2014	$	46.03	Open Market
Relational Investors XVI, L.P.	Sale	146	8/14/2014	$	45.98	Open Market
Relational Investors XVI, L.P.	Sale	61	8/14/2014	$	45.97	Open Market
Relational Investors XX, L.P.	Sale	1,000	8/14/2014	$	46.03	Open Market
Relational Investors XX, L.P.	Sale	440	8/14/2014	$	45.98	Open Market
Relational Investors XX, L.P.	Sale	183	8/14/2014	$	45.97	Open Market
Relational Investors XXIII, L.P.	Sale	1,418	8/14/2014	$	46.03	Open Market
Relational Investors XXIII, L.P.	Sale	624	8/14/2014	$	45.98	Open Market
Relational Investors XXIII, L.P.	Sale	260	8/14/2014	$	45.97	Open Market
Relational Investors IX, L.P.	Sale	1,329	8/14/2014	$	46.03	Open Market
Relational Investors IX, L.P.	Sale	570	8/14/2014	$	46.03	Open Market
Relational Investors IX, L.P.	Sale	836	8/14/2014	$	45.98	Open Market
Relational Investors IX, L.P.	Sale	348	8/14/2014	$	45.97	Open Market
Relational Investors LLC	Sale	6,477	8/14/2014	$	46.03	Open Market
Relational Investors LLC	Sale	2,853	8/14/2014	$	45.98	Open Market
Relational Investors LLC	Sale	1,188	8/14/2014	$	45.97	Open Market
Relational Co-Investment Fund I, L.P.	Sale	8,825	8/14/2014	$	46.03	Open Market
Relational Co-Investment Fund I, L.P.	Sale	3,887	8/14/2014	$	45.98	Open Market
Relational Co-Investment Fund I, L.P.	Sale	1,619	8/14/2014	$	45.97	Open Market
Relational Investors XXIV, L.P.	Sale	169	8/14/2014	$	46.03	Open Market
Relational Investors XXIV, L.P.	Sale	71	8/14/2014	$	45.98	Open Market
Relational Investors XXIV, L.P.	Sale	3	8/14/2014	$	45.98	Open Market
Relational Investors XXIV, L.P.	Sale	31	8/14/2014	$	45.97	Open Market

EX-99.B 3 a14-19076_1ex99db.htm EXHIBIT B

Exhibit B

JOINT FILING AGREEMENT

In accordance with Rule 13d-l(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the common stock, $0.00 par value, of The Timken Company and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing. In evidence thereof, the undersigned hereby execute this Agreement this 14th day of August, 2014.