-----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, VzBRn1AgaioWbzvZ3052Myw4/fsacZIIRuCT52yiYZEEjMzALb24QfTFOq90gbUg CG4IHrigbey+3tUL30Mk2w== 0000950136-07-002993.txt : 20070503 0000950136-07-002993.hdr.sgml : 20070503 20070502205401 ACCESSION NUMBER: 0000950136-07-002993 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070503 DATE AS OF CHANGE: 20070502 GROUP MEMBERS: PERSHING SQUARE GP, LLC GROUP MEMBERS: PS MANAGEMENT GP, LLC GROUP MEMBERS: WILLIAM A. ACKMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CERIDIAN CORP /DE/ CENTRAL INDEX KEY: 0001124887 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 411981625 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61527 FILM NUMBER: 07812607 BUSINESS ADDRESS: STREET 1: 3311 E OLD SHAKOPEE RD CITY: MINNEAPOLIS STATE: MN ZIP: 55425 BUSINESS PHONE: 9528538100 MAIL ADDRESS: STREET 1: 3311 EAST OLD SHAKOPEE RD CITY: MINNEAPOLIS STATE: MN ZIP: 55425 FORMER COMPANY: FORMER CONFORMED NAME: NEW CERIDIAN CORP DATE OF NAME CHANGE: 20000927 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Pershing Square Capital Management, L.P. CENTRAL INDEX KEY: 0001336528 IRS NUMBER: 383694136 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-813-3700 MAIL ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 file1.htm FORM SC 13D/A



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 5)*

                              Ceridian Corporation
      ---------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $0.01 per share
      ---------------------------------------------------------------------
                         (Title of Class of Securities)

                                    156779100
      ---------------------------------------------------------------------
                                 (CUSIP Number)

                                Roy J. Katzovicz
                    Pershing Square Capital Management, L.P.
                         888 Seventh Avenue, 29th Floor
                               New York, NY 10019
                                  212-813-3700

                                 with a copy to:

                               Alan J. Sinsheimer
                             Sullivan & Cromwell LLP
                                125 Broad Street
                             New York, NY 10004-2498
                                  212-558-4000

                                       and

                               Janet T. Geldzahler
                             Sullivan & Cromwell LLP
                         1701 Pennsylvania Avenue, N.W.
                           Washington, D.C. 20006-5805
                                  202-956-7500
      ---------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)


                                   May 2, 2007
      ---------------------------------------------------------------------
             (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box: [ ]

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 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. 156779100

- ----------- --------------------------------------------------------------------
    1       Name of Reporting Person
            I.R.S. Identification Nos. of Above Person (entities only)

            Pershing Square Capital Management, L.P.
- ----------- --------------------------------------------------------------------
    2       Check the Appropriate Box if a Member of a Group (See instructions)
            (a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------
    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)
            [ ]
- ----------- --------------------------------------------------------------------
    6       Citizenship or Place of Organization
            Delaware
- ----------- --------------------------------------------------------------------
                      7     Sole Voting Power
                            -0-
    Number of    --- -------- --------------------------------------------------
     Shares           8     Shared Voting Power
  Beneficially              20,532,734
 Owned by Each   --- -------- --------------------------------------------------
    Reporting         9     Sole Dispositive Power
  Person With               -0-
                 --- -------- --------------------------------------------------
                     10     Shared Dispositive Power
                            20,532,734
- ----------- --------------------------------------------------------------------
    11      Aggregate Amount Beneficially Owned by Each Reporting Person
            20,532,734
- ----------- --------------------------------------------------------------------
    12      Check if the Aggregate Amount in Row (11) Excludes Certain Shares
            (See Instructions)
            [ ]
- ----------- --------------------------------------------------------------------
    13      Percent of Class Represented by Amount in Row (11)
            14.5%(1)
- ----------- --------------------------------------------------------------------
    14      Type of Reporting Person (See Instructions)
            IA
- ----------- --------------------------------------------------------------------

- --------------
(1)  Calculated based on 141,229,286 shares of the common stock, par value
     $0.01, of Ceridian Corporation outstanding as of February 1, 2007, as
     reported in Ceridian Corporation's annual report on Form 10-K for the
     fiscal year ended December 31, 2006.






CUSIP No. 156779100

- ----------- --------------------------------------------------------------------
    1       Name of Reporting Person
            I.R.S. Identification Nos. of Above Person (entities only)

            PS Management GP, LLC
- ----------- --------------------------------------------------------------------

    2       Check the Appropriate Box if a Member of a Group (See instructions)
            (a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------
    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)
            [  ]
- ----------- --------------------------------------------------------------------
    6       Citizenship or Place of Organization
            Delaware
- ----------- --------------------------------------------------------------------
                       7     Sole Voting Power
    Number of                -0-
     Shares      --- -------- --------------------------------------------------
  Beneficially         8     Shared Voting Power
 Owned by Each               20,532,734
    Reporting    --- -------- --------------------------------------------------
  Person With          9     Sole Dispositive Power
                             -0-
                 --- -------- --------------------------------------------------
                      10     Shared Dispositive Power
                             20,532,734
- ----------- --------------------------------------------------------------------
    11      Aggregate Amount Beneficially Owned by Each Reporting Person
            20,532,734
- ----------- --------------------------------------------------------------------
    12      Check if the Aggregate Amount in Row (11) Excludes Certain Shares
            (See Instructions)
            [   ]
- ----------- --------------------------------------------------------------------
    13      Percent of Class Represented by Amount in Row (11)
            14.5%(2)
- ----------- --------------------------------------------------------------------
    14      Type of Reporting Person (See Instructions)
            OO
- ----------- --------------------------------------------------------------------

- --------------
(2)  Calculated based on 141,229,286 shares of the common stock, par value
     $0.01, of Ceridian Corporation outstanding as of February 1, 2007, as
     reported in Ceridian Corporation's annual report on Form 10-K for the
     fiscal year ended December 31, 2006.







CUSIP No. 156779100

- ----------- --------------------------------------------------------------------
    1       Name of Reporting Person
            I.R.S. Identification Nos. of Above Person (entities only)

            Pershing Square GP, LLC
- ----------- --------------------------------------------------------------------
    2       Check the Appropriate Box if a Member of a Group (See instructions)
            (a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------
    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)
            [ ]
- ----------- --------------------------------------------------------------------
    6       Citizenship or Place of Organization
            Delaware
- ----------- --------------------------------------------------------------------
                       7     Sole Voting Power
    Number of                -0-
     Shares      --- -------- --------------------------------------------------
  Beneficially         8     Shared Voting Power
 Owned by Each               9,092,720
    Reporting    --- -------- --------------------------------------------------
  Person With          9     Sole Dispositive Power
                             -0-
                 --- -------- --------------------------------------------------
                      10     Shared Dispositive Power
                             9,092,720
- ----------- --------------------------------------------------------------------
    11      Aggregate Amount Beneficially Owned by Each Reporting Person
            9,092,720
- ----------- --------------------------------------------------------------------
    12      Check if the Aggregate Amount in Row (11) Excludes Certain Shares
            (See Instructions)
            [ ]
- ----------- --------------------------------------------------------------------
    13      Percent of Class Represented by Amount in Row (11)
            6.4%(3)
- ----------- --------------------------------------------------------------------
    14      Type of Reporting Person (See Instructions)
            IA
- ----------- --------------------------------------------------------------------

- --------------
(3)  Calculated based on 141,229,286 shares of the common stock, par value
     $0.01, of Ceridian Corporation outstanding as of February 1, 2007, as
     reported in Ceridian Corporation's annual report on Form 10-K for the
     fiscal year ended December 31, 2006.







CUSIP No. 156779100

- ----------- --------------------------------------------------------------------
    1       Name of Reporting Person
            I.R.S. Identification Nos. of Above Person (entities only)

            William A. Ackman
- ----------- --------------------------------------------------------------------
    2       Check the Appropriate Box if a Member of a Group (See instructions)
            (a) [ ] (b) [X]
- ----------- --------------------------------------------------------------------
    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)
            [ ]
- ----------- --------------------------------------------------------------------
    6       Citizenship or Place of Organization
            United States
- ----------- --------------------------------------------------------------------
                        7     Sole Voting Power
    Number of                 -0-
     Shares      --- -------- --------------------------------------------------
  Beneficially          8     Shared Voting Power
 Owned by Each                20,532,734
    Reporting    --- -------- --------------------------------------------------
  Person With           9     Sole Dispositive Power
                              -0-
                 --- -------- --------------------------------------------------
                       10     Shared Dispositive Power
                              20,532,734
- ----------- --------------------------------------------------------------------
    11      Aggregate Amount Beneficially Owned by Each Reporting Person
            20,532,734
- ----------- --------------------------------------------------------------------
    12      Check if the Aggregate Amount in Row (11) Excludes Certain Shares
            (See Instructions)
            [ ]
- ----------- --------------------------------------------------------------------
    13      Percent of Class Represented by Amount in Row (11)
            14.5%(4)
- ----------- --------------------------------------------------------------------
    14      Type of Reporting Person (See Instructions)
            IN
- ----------- --------------------------------------------------------------------

- --------------
(4)  Calculated based on 141,229,286 shares of the common stock, par value
     $0.01, of Ceridian Corporation outstanding as of February 1, 2007, as
     reported in Ceridian Corporation's annual report on Form 10-K for the
     fiscal year ended December 31, 2006.






ITEM 1. SECURITY AND ISSUER.

        This amendment No. 5 amends and supplements the statement on Schedule
13D (the "Original Schedule 13D"), filed on January 18, 2007 by Pershing Square
Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), PS
Management GP, LLC, a Delaware limited liability company, Pershing Square GP,
LLC, a Delaware limited liability company, and William A. Ackman, a citizen of
the United States of America (collectively, the "Reporting Persons"), the
amendment No. 1 to the Original Schedule 13D, filed on January 23, 2007 by the
Reporting Persons, the amendment No. 2 to the Original Schedule 13D, filed on
February 6, 2007 by the Reporting Persons, the amendment No. 3 to the Original
Schedule 13D, filed on February 28, 2007 by the Reporting Persons, and the
amendment No. 4 to the Original Schedule 13D, filed on March 1, 2007 by the
Reporting Persons, relating to the common stock, par value $0.01 per share, of
Ceridian Corporation, a Delaware corporation (the "Issuer"). The address of the
principal executive offices of the Issuer is 3311 East Old Shakopee Road,
Minneapolis, Minnesota 55425. Capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to them in the Original Schedule 13D.

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

        On May 2, 2007, Pershing Square sent the letter attached as Exhibit 99.1
 to the Issuer.

Exhibit 99.1   Letter, dated May 2, 2007, from Roy J. Katzovicz, General Counsel
               of Pershing Square Capital Management, L.P., to Gary M. Nelson,
               Corporate Secretary, Ceridian Corporation.









                                   SIGNATURES

     After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.

Dated:  May 2, 2007


                                    PERSHING SQUARE CAPITAL MANAGEMENT, L.P.
                                    By: PS Management GP, LLC,
                                        its General Partner

                                    By: /s/ William A. Ackman
                                        --------------------------
                                        William A. Ackman
                                        Managing Member


                                    PS MANAGEMENT GP, LLC

                                    By: /s/ William A. Ackman
                                        --------------------------
                                        William A. Ackman
                                        Managing Member


                                    PERSHING SQUARE GP, LLC

                                    By: /s/ William A. Ackman
                                        --------------------------
                                        William A. Ackman
                                        Managing Member


                                        /s/ William A. Ackman
                                        --------------------------
                                        WILLIAM A. ACKMAN







                                  EXHIBIT INDEX

        Exhibit                               Description
- ---------------------   --------------------------------------------------------
         99.1.           Letter, dated May 2, 2007, from Roy J. Katzovicz,
                         General Counsel of Pershing Square Capital Management,
                         L.P., to Gary M. Nelson, Corporate Secretary, Ceridian
                         Corporation.

EX-99.1 2 file2.htm LETTER



              [Pershing Square Capital Management, L.P. Letterhead]





                                                                     May 2, 2007



Mr. Gary M. Nelson
Executive Vice President, Chief Administrative Officer,
General Counsel and Corporate Secretary
Ceridian Corporation Headquarters
3311 East Old Shakopee Road
Minneapolis, MN  55425

                    Re: 2007 Annual Meeting of Stockholders



Dear Mr. Nelson:

     As you know, certain funds advised by Pershing Square Capital Management,
L.P. intend to field a slate of alternative directors at Ceridian Corporation's
2007 annual meeting of stockholders. Based on remarks on yesterday's earnings
call, we believe an incorrect statement was made as to when Ceridian's annual
meeting will be held. In your capacity as Ceridian's corporate secretary, we
respectfully request clarification of the date on which Ceridian expects to call
the next annual meeting.

     On yesterday's call, in response to a question concerning the latest date
the annual meeting would be held, Ms. Marinello identified the 13-month
anniversary of last year's meeting as the relevant time frame under Delaware law
for this year's annual meeting and stated the meeting would be held within the
required period. Given that Ceridian's 2006 annual meeting was held on May 11,
2006, this year's annual meeting is required to be held no later than June 11,
2007. We do not believe that this is possible as a theoretical or practical
matter. Without clarification on your part, on the basis of yesterday's call,
the investment community has been and will continue to be misinformed.

     Ceridian originally notified the New York Stock Exchange of record and
meeting dates of February 28 and April 26, 2007, but subsequently advised the
Exchange that those dates would be changed. To our knowledge, no additional
notice has been given. As you know, Ceridian must give the New York Stock
Exchange 10 days advance notice of a record date, and Rule 401.03 of the Listed
Company Manual recommends a minimum of 30 days between the record and meeting
dates. Ceridian must also file its preliminary proxy materials with the
Securities and Exchange Commission 10 days prior to mailing definitive
materials, and no preliminary materials have been filed. In the context of a
contested board election, a solicitation period of less than one month is
virtually unheard of.



Mr. Gary M. Nelson
Page 2 of 2

     Accordingly, we believe that Ceridian cannot, and is not planning to, hold
an annual meeting by June 11 in light of the requirements of the New York Stock
Exchange and the federal securities laws, as well as the practical need to
solicit proxies in a contested election.

     Delaware law takes the annual election process seriously. We, too, view the
exercise of our franchise as fundamental to our investment and of paramount
importance to the future direction of Ceridian's business and affairs. At the
risk of understatement, it would be unfortunate if Ceridian's failure to hold
the 2007 annual meeting on a timely basis is the result of an attempt to
frustrate a stockholder vote.

     As the largest stockholder of Ceridian, we hereby request you to correct
the misimpression left by yesterday's call, and inform all stockholders of when
the annual meeting will be held.

                                   PERSHING SQUARE CAPITAL MANAGEMENT, L.P.

                                   Very truly yours,

                                   /s/ Roy J. Katzovicz

                                   Roy J. Katzovicz


cc: Steven A. Rosenblum, Wachtell, Lipton, Rosen & Katz
    Stephen R. DiPrima, Wachtell, Lipton, Rosen & Katz
    Alan J. Sinsheimer, Sullivan & Cromwell LLP
    Janet T. Geldzahler, Sullivan & Cromwell LLP

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