ds13da-inphonic_gsgroup.htm

0000895345-07-000474.txt : 20070815 0000895345-07-000474.hdr.sgml : 20070815 20070815171131 ACCESSION NUMBER: 0000895345-07-000474 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070815 DATE AS OF CHANGE: 20070815 GROUP MEMBERS: GOLDMAN, SACHS & CO. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INPHONIC INC CENTRAL INDEX KEY: 0001133324 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 522199384 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80170 FILM NUMBER: 071060430 BUSINESS ADDRESS: STREET 1: 1010 WISCONSIN AVE STREET 2: SUITE 600 CITY: WASHINGTON STATE: DC ZIP: 20007 BUSINESS PHONE: 2023330001 MAIL ADDRESS: STREET 1: 1010 WISCONSIN AVE STREET 2: SUITE 600 CITY: WASHINGTON STATE: DC ZIP: 20007 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP INC/ CENTRAL INDEX KEY: 0000886982 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 134019460 STATE OF INCORPORATION: DE FISCAL YEAR END: 1124 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 SC 13D/A 1 ds13da-inphonic_gsgroup.htm ds13da-inphonic_gsgroup.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

InPhonic, Inc.

(Name of Issuer)

Common Stock (Par Value $0.01 Per Share)

(Title of Class of Securities)

45772G105

(CUSIP Number)

Connie J. Shoemaker, Esq.

Goldman, Sachs & Co.

One New York Plaza

New York, NY 10004

(212) 902-1000

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

August 13, 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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box o.

*The remainder of this cover page will 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 will be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D


CUSIP No. 45772G105		Page 2 of 35

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Goldman Sachs Group, Inc.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o
3	SEC USE ONLY
4	SOURCE OF FUNDS AF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) x
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 6,286,570
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER 6,292,612
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,292,612
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.5%
14	TYPE OF REPORTING PERSON HC-CO

SCHEDULE 13D

CUSIP No. 45772G105

Page 3 of 35

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Goldman, Sachs & Co.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o
3	SEC USE ONLY
4	SOURCE OF FUNDS WC; OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) x
6	CITIZENSHIP OR PLACE OF ORGANIZATION New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 6,286,570
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER 6,292,612
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,292,612
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.5%
14	TYPE OF REPORTING PERSON BD-PN-IA

This Amendment No. 3 amends certain information contained in the Schedule 13D filed on August 28, 2006, by The Goldman Sachs Group, Inc. ("GS Group") and Goldman, Sachs & Co. ("Goldman Sachs," and, together with GS Group, the "Filing Persons"), as amended by Amendment No.1 to the Schedule 13D filed on October 10, 2006 and Amendment No. 2 to the Schedule 13D filed on November 9, 2006 (as amended, the "Schedule 13D"), relating to the common stock, par value $.01 per share (the "Common Stock"), of InPhonic, Inc., a Delaware corporation (the "Company"). Capitalized terms used but not defined herein have the meanings previously ascribed to them in the Schedule 13D.

ITEM 2. Identity and Background.

Schedule I to the Schedule 13D filed on August 28, 2006 is replaced in its entirety with Schedule I hereto and is incorporated herein by reference.

ITEM 4. Purpose of Transaction.

Item 4 is amended as follows:

On August 8, 2007, the Company entered into an amendment to the Credit Agreement (the "Amendment No. 9 to the Credit Agreement") with the Lenders, and Citicorp North America, Inc., as administrative agent.

Pursuant to Amendment No. 9 to the Credit Agreement, on August 13, 2007 the Company entered into an agreement to amend the Warrant Agreement (the "Amendment to the Warrant Agreement") with the Purchasers. Pursuant to the Amendment to the Warrant Agreement, on August 13, 2007 the Company issued to the Purchasers warrants (the "August 2007 Warrants") to purchase up to 800,000 shares of Common Stock, at an exercise price of $.01 per share, of which August 2007 Warrants to purchase 488,889 shares of Common Stock were issued to Goldman Sachs (the August 2007 Warrants and the Warrants shall hereinafter be collectively referred to as the "Aggregate Warrants").

The August 2007 Warrants may be exercised at any time after August 13, 2007 and prior to the close of business on August 12, 2012. The holders of August 2007 Warrants will be entitled to demand registrations and customary piggyback registration rights. The foregoing description of the Amendment to the Warrant Agreement is qualified by reference to the complete text of the Amendment to the Warrant Agreement, which is filed as Exhibit 1 to this Amendment No. 3 to Schedule 13D.

ITEM 5. Interests in Securities of the Issuer.

Item 5 is amended as follows:

(a) As of August 13, 2007, Goldman Sachs may be deemed to have beneficially owned directly an aggregate of 6,292,612 shares of Common Stock, including (i) 5,110,181 shares of Common Stock acquired in ordinary course trading activities by Goldman Sachs or another wholly-owned broker or dealer subsidiary of GS Group, (ii) 6,042 shares of Common Stock held in client accounts with respect to which Goldman Sachs or another wholly-owned subsidiary of GS Group, or their employees, have investment discretion ("Managed Accounts"), (iii) the 687,500 shares of Common Stock underlying the Warrants, and (iv) the 488,889 shares of Common Stock underlying the August 2007 Warrants representing in the aggregate approximately 16.5% of the shares of Common Stock outstanding based upon the 36,927,107 shares of Common Stock reported to be outstanding as of July 31, 2007 as disclosed in Company's most recent quarterly report on Form 10-Q for the period ended June 30, 2007 (the "10-Q") and the 1,176,389 shares underlying the Aggregate Warrants beneficially owned by Goldman Sachs.

As of August 13, 2007, GS Group may be deemed to have beneficially owned indirectly an aggregate of 6,292,612 shares of Common Stock beneficially owned directly by Goldman Sachs described above, representing in the aggregate approximately 16.5% of the shares of Common Stock outstanding based upon the 36,927,107 shares of Common Stock reported to be outstanding as disclosed in the 10-Q and the 1,176,389 shares underlying the Aggregate Warrants beneficially owned by Goldman Sachs.

In accordance with Securities and Exchange Commission Release No. 34-395538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned by certain operating units (collectively, the "Goldman Sachs Reporting Units") of GS Group and its subsidiaries and affiliates (collectively, "GSG"). This filing does not reflect securities, if any, beneficially owned by any operating units of GSG whose ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units in accordance with the Release. The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion, or both, and (ii) certain investment entities of which the Goldman Sachs Reporting Units acts as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units.

None of the Filing Persons or, to the knowledge of any of the Filing Persons, any of the persons listed on Schedule I hereto may be deemed to have beneficially owned any shares of Common Stock as of August 13, 2007 other than as set forth herein.

(b) Each Filing Person shares the power to vote or direct the vote and to dispose or to direct the disposition of shares of Common Stock beneficially owned by such Filing Person as indicated on pages 2 and 3 above.

(c) Schedule II sets forth transactions in the Common Stock which were effected during the sixty day period from June 14, 2007 through August 13, 2007 and not previously reported in the Schedule 13D, all of which were effected in the ordinary course of business of Goldman Sachs. The transactions in the Common Stock described on Schedule II were effected on the Nasdaq Stock Market, Inc., NYSE Arca or the over-the-counter market. Except as set forth on Schedule II, no transactions in the shares of Common Stock were effected by the Filing Persons or, to the knowledge of any of the Filing Persons, any of the persons listed on Schedule I hereto, during the past sixty days.

(d) Except for clients of Goldman Sachs who may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Common Stock, if any, held in Managed Accounts, no other person is known by the Filing Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock beneficially owned by the Filing Persons.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships

With Respect to Securities of the Issuer.

The information set forth in Item 4 above with respect to the Amendment to the Warrant Agreement is incorporated herein by reference.

Item 7. Material to be Filed as Exhibits.

Exhibit 1

Amendment to the Warrant Agreement dated as of August 8, 2007, among the Company, Goldman Sachs, Citicorp North America, Inc. and AP InPhonic Holdings, LLC.

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.

August 15, 2007

	THE GOLDMAN SACHS GROUP, INC.

	By:	/s/ Yvette Kosic
		Name: Yvette Kosic
		Title: Attorney-in-fact

	GOLDMAN, SACHS & CO.

	By:	/s/ Yvette Kosic
		Name: Yvette Kosic
		Title: Attorney-in-fact

SCHEDULE I

The name of each director of The Goldman Sachs Group, Inc. is set forth below.

The business address of each person listed below is c/o Goldman, Sachs &Co., 85 Broad Street, New York, NY 10004.

Each person is a citizen of the United States of America except for Claes Dahlback, who is a citizen of Sweden. The present principal occupation or employment of each of the listed persons is set forth below.

Name	Present Principal Occupation
Lloyd C. Blankfein	Chairman of the Board and Chief Executive Officer of The Goldman Sachs Group, Inc.
Gary D. Cohn	President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc.
Jon Winkelried	President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc.
John H. Bryan	Retired Chairman and Chief Executive Officer of Sara Lee Corporation
Claes Dahlback	Senior Advisor to Investor AB and Executive Director of Thisbe AB
Stephen Friedman	Chairman of Stone Point Capital
William W. George	Professor of Management Practice at the Harvard Business School, Retired Chairman and Chief Executive Officer of Medtronic, Inc.
Rajat K. Gupta	Senior Partner of McKinsey & Company
James A. Johnson	Vice Chairman of Perseus, L.L.C.
Lois D. Juliber	Retired Vice Chairman of Colgate-Palmolive Company
Edward M. Liddy	Chairman of the Board of The Allstate Corporation
Ruth J. Simmons	President of Brown University

SCHEDULE II

Purchase (P) / Sale (S)	Quantity	Price	Trade Date	Settlement Date
S	14,200	7.57	6/14/2007	6/19/2007
S	5,725	7.50	6/14/2007	6/19/2007
P	5,725	7.50	6/14/2007	6/19/2007
S	30	7.83	6/14/2007	6/19/2007
S	33	7.83	6/14/2007	6/19/2007
S	33	7.83	6/14/2007	6/19/2007
S	67	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	100	7.83	6/14/2007	6/19/2007
S	167	7.83	6/14/2007	6/19/2007
S	170	7.83	6/14/2007	6/19/2007
S	200	7.83	6/14/2007	6/19/2007
S	200	7.83	6/14/2007	6/19/2007
S	200	7.83	6/14/2007	6/19/2007
S	200	7.83	6/14/2007	6/19/2007
S	200	7.83	6/14/2007	6/19/2007
S	300	7.83	6/14/2007	6/19/2007
S	300	7.83	6/14/2007	6/19/2007
S	300	7.83	6/14/2007	6/19/2007
S	300	7.83	6/14/2007	6/19/2007
S	300	7.83	6/14/2007	6/19/2007
S	300	7.83	6/14/2007	6/19/2007
S	300	7.83	6/14/2007	6/19/2007
S	600	7.83	6/14/2007	6/19/2007
S	767	7.83	6/14/2007	6/19/2007
P	100	7.61	6/15/2007	6/20/2007
P	100	7.61	6/15/2007	6/20/2007
P	100	7.61	6/15/2007	6/20/2007
P	100	7.62	6/15/2007	6/20/2007
P	100	7.62	6/15/2007	6/20/2007
P	200	7.62	6/15/2007	6/20/2007
P	200	7.62	6/15/2007	6/20/2007
S	100	7.56	6/15/2007	6/20/2007
S	100	7.57	6/15/2007	6/20/2007
S	100	7.57	6/15/2007	6/20/2007
S	100	7.57	6/15/2007	6/20/2007
S	100	7.57	6/15/2007	6/20/2007
S	400	7.55	6/15/2007	6/20/2007
S	145	7.57	6/15/2007	6/20/2007
P	145	7.57	6/15/2007	6/20/2007
P	180	7.61	6/15/2007	6/20/2007
P	100	7.64	6/18/2007	6/21/2007
P	100	7.59	6/18/2007	6/21/2007
P	100	7.63	6/18/2007	6/21/2007
P	100	7.67	6/18/2007	6/21/2007
P	100	7.68	6/18/2007	6/21/2007
P	100	7.69	6/18/2007	6/21/2007
P	100	7.69	6/18/2007	6/21/2007
P	3	7.67	6/18/2007	6/21/2007
P	97	7.67	6/18/2007	6/21/2007
P	100	7.53	6/18/2007	6/21/2007
P	100	7.54	6/18/2007	6/21/2007
P	100	7.58	6/18/2007	6/21/2007
P	100	7.60	6/18/2007	6/21/2007
P	100	7.60	6/18/2007	6/21/2007
P	100	7.61	6/18/2007	6/21/2007
P	100	7.62	6/18/2007	6/21/2007
P	100	7.68	6/18/2007	6/21/2007
P	100	7.69	6/18/2007	6/21/2007
P	100	7.69	6/18/2007	6/21/2007
P	100	7.70	6/18/2007	6/21/2007
P	200	7.64	6/18/2007	6/21/2007
P	300	7.58	6/18/2007	6/21/2007
P	600	7.57	6/18/2007	6/21/2007
S	11,076	6.63	6/20/2007	6/25/2007
S	86	6.69	6/20/2007	6/25/2007
S	147	5.97	6/21/2007	6/26/2007
S	110	6.51	6/21/2007	6/26/2007
S	2,556	6.63	6/21/2007	6/26/2007
P	2,556	6.63	6/21/2007	6/26/2007
P	577	5.15	6/22/2007	6/27/2007
S	793	5.15	6/22/2007	6/27/2007
S	2,511	5.15	6/22/2007	6/27/2007
P	2,727	5.15	6/22/2007	6/27/2007
P	59,330	5.15	6/22/2007	6/27/2007
S	59,330	5.15	6/22/2007	6/27/2007
S	577	5.15	6/22/2007	6/27/2007
P	2,511	5.15	6/22/2007	6/27/2007
P	793	5.15	6/22/2007	6/27/2007
P	575	5.18	6/25/2007	6/28/2007
S	814	5.18	6/25/2007	6/28/2007
P	4,010	5.18	6/25/2007	6/28/2007
P	814	5.18	6/25/2007	6/28/2007
S	4,010	5.18	6/25/2007	6/28/2007
S	575	5.18	6/25/2007	6/28/2007
S	103	4.85	6/25/2007	6/28/2007
S	103	4.85	6/25/2007	6/28/2007
P	103	4.85	6/25/2007	6/28/2007
S	400	4.79	6/26/2007	6/29/2007
P	600	4.79	6/26/2007	6/28/2007
S	200	4.79	6/26/2007	6/29/2007
S	13,600	4.78	6/26/2007	6/29/2007
S	197	4.78	6/27/2007	7/2/2007
P	197	4.78	6/27/2007	7/2/2007
S	97	4.67	6/27/2007	7/2/2007
S	100	4.67	6/27/2007	7/2/2007
S	29	4.79	6/27/2007	7/2/2007
S	100	4.67	6/27/2007	7/2/2007
S	100	4.71	6/27/2007	7/2/2007
S	148	4.63	6/27/2007	7/2/2007
S	20	4.66	6/29/2007	7/5/2007
P	20	4.66	6/29/2007	7/5/2007
P	303	4.66	6/29/2007	7/5/2007
S	303	4.66	6/29/2007	7/5/2007
P	303	4.66	6/29/2007	7/5/2007
P	20	4.66	6/29/2007	7/5/2007
S	303	4.66	6/29/2007	7/5/2007
S	4,076	4.44	7/2/2007	7/6/2007
P	10,766	4.44	7/2/2007	7/6/2007
S	68	4.43	7/2/2007	7/6/2007
P	4,076	4.44	7/2/2007	7/6/2007
S	10,766	4.44	7/2/2007	7/6/2007
S	16	4.49	7/2/2007	7/6/2007
S	27	4.49	7/2/2007	7/6/2007
S	27	4.49	7/2/2007	7/6/2007
S	38	4.50	7/2/2007	7/6/2007
S	40	4.57	7/2/2007	7/6/2007
S	46	4.56	7/2/2007	7/6/2007
S	62	4.50	7/2/2007	7/6/2007
S	73	4.48	7/2/2007	7/6/2007
S	73	4.49	7/2/2007	7/6/2007
S	75	4.49	7/2/2007	7/6/2007
S	100	4.49	7/2/2007	7/6/2007
S	100	4.49	7/2/2007	7/6/2007
S	100	4.49	7/2/2007	7/6/2007
S	100	4.49	7/2/2007	7/6/2007
S	100	4.49	7/2/2007	7/6/2007
S	100	4.49	7/2/2007	7/6/2007
S	100	4.49	7/2/2007	7/6/2007
S	100	4.49	7/2/2007	7/6/2007
S	100	4.49	7/2/2007	7/6/2007
S	100	4.50	7/2/2007	7/6/2007
S	100	4.50	7/2/2007	7/6/2007
S	100	4.50	7/2/2007	7/6/2007
S	100	4.50	7/2/2007	7/6/2007
S	100	4.50	7/2/2007	7/6/2007
S	100	4.50	7/2/2007	7/6/2007
S	100	4.50	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.56	7/2/2007	7/6/2007
S	100	4.57	7/2/2007	7/6/2007
S	154	4.56	7/2/2007	7/6/2007
S	154	4.57	7/2/2007	7/6/2007
S	160	4.59	7/2/2007	7/6/2007
S	186	4.50	7/2/2007	7/6/2007
S	200	4.48	7/2/2007	7/6/2007
S	200	4.48	7/2/2007	7/6/2007
S	200	4.49	7/2/2007	7/6/2007
S	200	4.49	7/2/2007	7/6/2007
S	200	4.50	7/2/2007	7/6/2007
S	200	4.50	7/2/2007	7/6/2007
S	200	4.51	7/2/2007	7/6/2007
S	200	4.53	7/2/2007	7/6/2007
S	200	4.56	7/2/2007	7/6/2007
S	200	4.56	7/2/2007	7/6/2007
S	200	4.56	7/2/2007	7/6/2007
S	200	4.59	7/2/2007	7/6/2007
S	200	4.60	7/2/2007	7/6/2007
S	214	4.50	7/2/2007	7/6/2007
S	270	4.49	7/2/2007	7/6/2007
S	300	4.49	7/2/2007	7/6/2007
S	300	4.50	7/2/2007	7/6/2007
S	300	4.53	7/2/2007	7/6/2007
S	300	4.56	7/2/2007	7/6/2007
S	386	4.50	7/2/2007	7/6/2007
S	400	4.49	7/2/2007	7/6/2007
S	400	4.49	7/2/2007	7/6/2007
S	400	4.50	7/2/2007	7/6/2007
S	400	4.53	7/2/2007	7/6/2007
S	414	4.50	7/2/2007	7/6/2007
S	427	4.49	7/2/2007	7/6/2007
S	473	4.49	7/2/2007	7/6/2007
S	500	4.49	7/2/2007	7/6/2007
S	500	4.49	7/2/2007	7/6/2007
S	500	4.49	7/2/2007	7/6/2007
S	500	4.49	7/2/2007	7/6/2007
S	500	4.49	7/2/2007	7/6/2007
S	500	4.50	7/2/2007	7/6/2007
S	500	4.53	7/2/2007	7/6/2007
S	500	4.55	7/2/2007	7/6/2007
S	500	4.56	7/2/2007	7/6/2007
S	500	4.56	7/2/2007	7/6/2007
S	500	4.56	7/2/2007	7/6/2007
S	546	4.56	7/2/2007	7/6/2007
S	600	4.49	7/2/2007	7/6/2007
S	600	4.50	7/2/2007	7/6/2007
S	614	4.50	7/2/2007	7/6/2007
S	700	4.56	7/2/2007	7/6/2007
S	800	4.56	7/2/2007	7/6/2007
S	103	4.38	7/3/2007	7/9/2007
P	535	5.14	7/9/2007	7/12/2007
S	100	5.15	7/9/2007	7/12/2007
S	187	5.14	7/9/2007	7/12/2007
S	300	5.15	7/9/2007	7/12/2007
S	535	5.14	7/9/2007	7/12/2007
P	52	5.07	7/10/2007	7/13/2007
S	100	4.95	7/10/2007	7/13/2007
P	100	4.86	7/11/2007	7/16/2007
S	180	5.12	7/12/2007	7/17/2007
P	84	5.34	7/16/2007	7/19/2007
S	84	5.30	7/16/2007	7/19/2007
S	84	5.34	7/16/2007	7/19/2007
S	8	5.25	7/16/2007	7/19/2007
P	84	5.25	7/17/2007	7/20/2007
S	84	5.27	7/17/2007	7/20/2007
S	84	5.25	7/17/2007	7/20/2007
S	295	5.17	7/18/2007	7/23/2007
P	295	5.17	7/18/2007	7/23/2007
P	10,880	5.17	7/18/2007	7/23/2007
S	33	5.20	7/19/2007	7/24/2007
S	100	5.23	7/19/2007	7/24/2007
S	100	5.23	7/19/2007	7/24/2007
S	121	5.20	7/19/2007	7/24/2007
S	100	5.20	7/19/2007	7/24/2007
S	100	5.22	7/19/2007	7/24/2007
S	100	5.23	7/19/2007	7/24/2007
S	100	5.23	7/19/2007	7/24/2007
S	100	5.25	7/19/2007	7/24/2007
S	100	5.26	7/19/2007	7/24/2007
S	100	5.27	7/19/2007	7/24/2007
S	100	5.27	7/19/2007	7/24/2007
S	100	5.28	7/19/2007	7/24/2007
S	100	5.28	7/19/2007	7/24/2007
S	100	5.28	7/19/2007	7/24/2007
S	100	5.28	7/19/2007	7/24/2007
S	100	5.30	7/19/2007	7/24/2007
P	43	5.24	7/19/2007	7/24/2007
P	100	5.24	7/19/2007	7/24/2007
P	152	5.24	7/19/2007	7/24/2007
S	100	4.86	7/20/2007	7/25/2007
S	100	4.88	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.91	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	132	4.95	7/20/2007	7/25/2007
S	200	4.92	7/20/2007	7/25/2007
S	200	4.92	7/20/2007	7/25/2007
S	300	4.89	7/20/2007	7/25/2007
S	300	4.93	7/20/2007	7/25/2007
S	400	4.89	7/20/2007	7/25/2007
S	400	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	1	4.90	7/20/2007	7/25/2007
S	4	4.93	7/20/2007	7/25/2007
S	5	4.91	7/20/2007	7/25/2007
S	5	4.92	7/20/2007	7/25/2007
S	16	4.93	7/20/2007	7/25/2007
S	16	4.96	7/20/2007	7/25/2007
S	19	4.97	7/20/2007	7/25/2007
S	20	4.96	7/20/2007	7/25/2007
S	20	4.96	7/20/2007	7/25/2007
S	20	4.97	7/20/2007	7/25/2007
S	20	5.03	7/20/2007	7/25/2007
S	35	4.93	7/20/2007	7/25/2007
S	35	4.94	7/20/2007	7/25/2007
S	41	4.89	7/20/2007	7/25/2007
S	44	4.93	7/20/2007	7/25/2007
S	49	4.94	7/20/2007	7/25/2007
S	51	4.94	7/20/2007	7/25/2007
S	53	5.00	7/20/2007	7/25/2007
S	56	4.93	7/20/2007	7/25/2007
S	59	4.89	7/20/2007	7/25/2007
S	61	4.93	7/20/2007	7/25/2007
S	65	4.93	7/20/2007	7/25/2007
S	65	4.94	7/20/2007	7/25/2007
S	74	4.96	7/20/2007	7/25/2007
S	73	5.10	7/20/2007	7/25/2007
S	80	4.96	7/20/2007	7/25/2007
S	80	4.96	7/20/2007	7/25/2007
S	80	4.97	7/20/2007	7/25/2007
S	80	5.03	7/20/2007	7/25/2007
S	81	4.97	7/20/2007	7/25/2007
S	84	4.93	7/20/2007	7/25/2007
S	84	4.94	7/20/2007	7/25/2007
S	84	4.96	7/20/2007	7/25/2007
S	95	4.91	7/20/2007	7/25/2007
S	95	4.92	7/20/2007	7/25/2007
S	95	5.02	7/20/2007	7/25/2007
S	100	4.84	7/20/2007	7/25/2007
S	100	4.85	7/20/2007	7/25/2007
S	99	4.90	7/20/2007	7/25/2007
S	100	4.86	7/20/2007	7/25/2007
S	100	4.87	7/20/2007	7/25/2007
S	100	4.87	7/20/2007	7/25/2007
S	100	4.87	7/20/2007	7/25/2007
S	100	4.87	7/20/2007	7/25/2007
S	100	4.87	7/20/2007	7/25/2007
S	100	4.88	7/20/2007	7/25/2007
S	100	4.88	7/20/2007	7/25/2007
S	100	4.88	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.89	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.90	7/20/2007	7/25/2007
S	100	4.91	7/20/2007	7/25/2007
S	100	4.91	7/20/2007	7/25/2007
S	100	4.91	7/20/2007	7/25/2007
S	100	4.91	7/20/2007	7/25/2007
S	100	4.91	7/20/2007	7/25/2007
S	100	4.91	7/20/2007	7/25/2007
S	100	4.91	7/20/2007	7/25/2007
S	100	4.91	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.92	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.93	7/20/2007	7/25/2007
S	100	4.94	7/20/2007	7/25/2007
S	100	4.94	7/20/2007	7/25/2007
S	100	4.95	7/20/2007	7/25/2007
S	100	4.95	7/20/2007	7/25/2007
S	100	4.95	7/20/2007	7/25/2007
S	100	4.96	7/20/2007	7/25/2007
S	100	4.96	7/20/2007	7/25/2007
S	100	4.96	7/20/2007	7/25/2007
S	100	4.96	7/20/2007	7/25/2007
S	100	4.96	7/20/2007	7/25/2007
S	100	4.96	7/20/2007	7/25/2007
S	100	4.96	7/20/2007	7/25/2007
S	100	4.97	7/20/2007	7/25/2007
S	100	4.98	7/20/2007	7/25/2007
S	100	4.98	7/20/2007	7/25/2007
S	100	4.98	7/20/2007	7/25/2007
S	100	4.98	7/20/2007	7/25/2007
S	100	4.99	7/20/2007	7/25/2007
S	100	5.01	7/20/2007	7/25/2007
S	100	5.01	7/20/2007	7/25/2007
S	100	5.02	7/20/2007	7/25/2007
S	100	5.02	7/20/2007	7/25/2007
S	100	5.03	7/20/2007	7/25/2007
S	100	5.04	7/20/2007	7/25/2007
S	100	5.04	7/20/2007	7/25/2007
S	100	5.04	7/20/2007	7/25/2007
S	100	5.05	7/20/2007	7/25/2007
S	100	5.06	7/20/2007	7/25/2007
S	100	5.06	7/20/2007	7/25/2007
S	100	5.08	7/20/2007	7/25/2007
S	100	5.09	7/20/2007	7/25/2007
S	100	5.10	7/20/2007	7/25/2007
S	100	5.10	7/20/2007	7/25/2007
S	100	5.10	7/20/2007	7/25/2007
S	100	5.12	7/20/2007	7/25/2007
S	110	4.89	7/20/2007	7/25/2007
S	116	4.94	7/20/2007	7/25/2007
S	135	4.93	7/20/2007	7/25/2007
S	147	4.89	7/20/2007	7/25/2007
S	190	4.90	7/20/2007	7/25/2007
S	200	4.83	7/20/2007	7/25/2007
S	200	4.87	7/20/2007	7/25/2007
S	200	4.88	7/20/2007	7/25/2007
S	200	4.89	7/20/2007	7/25/2007
S	200	4.89	7/20/2007	7/25/2007
S	200	4.89	7/20/2007	7/25/2007
S	200	4.92	7/20/2007	7/25/2007
S	200	4.94	7/20/2007	7/25/2007
S	200	4.95	7/20/2007	7/25/2007
S	200	4.95	7/20/2007	7/25/2007
S	200	4.96	7/20/2007	7/25/2007
S	200	4.96	7/20/2007	7/25/2007
S	200	4.97	7/20/2007	7/25/2007
S	200	4.97	7/20/2007	7/25/2007
S	200	5.03	7/20/2007	7/25/2007
S	200	5.05	7/20/2007	7/25/2007
S	200	5.06	7/20/2007	7/25/2007
S	226	4.96	7/20/2007	7/25/2007
S	300	4.89	7/20/2007	7/25/2007
S	300	4.90	7/20/2007	7/25/2007
S	300	4.93	7/20/2007	7/25/2007
S	300	4.93	7/20/2007	7/25/2007
S	300	4.98	7/20/2007	7/25/2007
S	300	5.02	7/20/2007	7/25/2007
S	300	5.09	7/20/2007	7/25/2007
S	305	5.02	7/20/2007	7/25/2007
S	400	4.87	7/20/2007	7/25/2007
S	400	4.90	7/20/2007	7/25/2007
S	400	4.94	7/20/2007	7/25/2007
S	400	4.95	7/20/2007	7/25/2007
S	400	5.03	7/20/2007	7/25/2007
S	400	5.07	7/20/2007	7/25/2007
P	4	4.89	7/20/2007	7/25/2007
P	9	4.89	7/20/2007	7/25/2007
P	26	4.89	7/20/2007	7/25/2007
P	26	4.89	7/20/2007	7/25/2007
P	26	4.89	7/20/2007	7/25/2007
P	26	4.89	7/20/2007	7/25/2007
P	26	4.89	7/20/2007	7/25/2007
P	26	4.89	7/20/2007	7/25/2007
P	31	4.89	7/20/2007	7/25/2007
P	31	4.89	7/20/2007	7/25/2007
P	36	4.89	7/20/2007	7/25/2007
P	36	4.89	7/20/2007	7/25/2007
P	36	4.89	7/20/2007	7/25/2007
P	36	4.89	7/20/2007	7/25/2007
P	36	4.89	7/20/2007	7/25/2007
P	36	4.89	7/20/2007	7/25/2007
P	36	4.89	7/20/2007	7/25/2007
P	44	4.89	7/20/2007	7/25/2007
P	59	4.89	7/20/2007	7/25/2007
P	64	4.89	7/20/2007	7/25/2007
P	64	4.89	7/20/2007	7/25/2007
P	64	4.89	7/20/2007	7/25/2007
P	64	4.89	7/20/2007	7/25/2007
P	69	4.89	7/20/2007	7/25/2007
P	74	4.89	7/20/2007	7/25/2007
P	74	4.89	7/20/2007	7/25/2007
P	74	4.89	7/20/2007	7/25/2007
P	74	4.89	7/20/2007	7/25/2007
P	74	4.89	7/20/2007	7/25/2007
P	74	4.89	7/20/2007	7/25/2007
P	91	4.89	7/20/2007	7/25/2007
P	96	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	100	4.89	7/20/2007	7/25/2007
P	104	4.89	7/20/2007	7/25/2007
P	109	4.89	7/20/2007	7/25/2007
P	110	4.89	7/20/2007	7/25/2007
P	147	4.89	7/20/2007	7/25/2007
P	164	4.89	7/20/2007	7/25/2007
P	164	4.89	7/20/2007	7/25/2007
P	174	4.89	7/20/2007	7/25/2007
P	200	4.89	7/20/2007	7/25/2007
P	200	4.89	7/20/2007	7/25/2007
P	200	4.89	7/20/2007	7/25/2007
P	200	4.89	7/20/2007	7/25/2007
P	200	4.89	7/20/2007	7/25/2007
P	200	4.89	7/20/2007	7/25/2007
P	200	4.89	7/20/2007	7/25/2007
P	200	4.89	7/20/2007	7/25/2007
P	200	4.89	7/20/2007	7/25/2007
P	264	4.89	7/20/2007	7/25/2007
P	296	4.89	7/20/2007	7/25/2007
P	300	4.89	7/20/2007	7/25/2007
P	300	4.89	7/20/2007	7/25/2007
P	300	4.89	7/20/2007	7/25/2007
P	300	4.89	7/20/2007	7/25/2007
P	400	4.89	7/20/2007	7/25/2007
P	400	4.89	7/20/2007	7/25/2007
P	591	4.89	7/20/2007	7/25/2007
P	148	4.75	7/23/2007	7/26/2007
S	100	4.76	7/23/2007	7/26/2007
S	148	4.75	7/23/2007	7/26/2007
P	10	4.75	7/24/2007	7/27/2007
S	10	4.75	7/24/2007	7/27/2007
S	48	4.74	7/24/2007	7/27/2007
S	270	4.75	7/24/2007	7/27/2007
S	708	4.75	7/24/2007	7/27/2007
P	10	4.87	7/25/2007	7/30/2007
S	10,200	4.73	7/25/2007	7/30/2007
S	42	4.24	7/26/2007	7/31/2007
S	64	4.18	7/26/2007	7/31/2007
S	100	4.16	7/26/2007	7/31/2007
S	100	4.16	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.22	7/26/2007	7/31/2007
S	100	4.22	7/26/2007	7/31/2007
S	100	4.24	7/26/2007	7/31/2007
S	100	4.49	7/26/2007	7/31/2007
S	131	4.68	7/26/2007	7/31/2007
S	200	4.16	7/26/2007	7/31/2007
S	200	4.24	7/26/2007	7/31/2007
S	258	4.24	7/26/2007	7/31/2007
S	300	4.17	7/26/2007	7/31/2007
S	300	4.17	7/26/2007	7/31/2007
S	300	4.30	7/26/2007	7/31/2007
S	400	4.17	7/26/2007	7/31/2007
S	400	4.24	7/26/2007	7/31/2007
S	100	4.17	7/26/2007	7/31/2007
S	100	4.36	7/26/2007	7/31/2007
S	100	4.36	7/26/2007	7/31/2007
S	200	4.17	7/26/2007	7/31/2007
S	436	4.18	7/26/2007	7/31/2007
S	9	4.48	7/26/2007	7/31/2007
S	11	4.62	7/26/2007	7/31/2007
S	23	4.20	7/26/2007	7/31/2007
S	29	4.26	7/26/2007	7/31/2007
S	36	4.18	7/26/2007	7/31/2007
S	36	4.18	7/26/2007	7/31/2007
S	39	4.20	7/26/2007	7/31/2007
S	42	4.20	7/26/2007	7/31/2007
S	58	4.20	7/26/2007	7/31/2007
S	62	4.17	7/26/2007	7/31/2007
S	64	4.18	7/26/2007	7/31/2007
S	64	4.19	7/26/2007	7/31/2007
S	72	4.18	7/26/2007	7/31/2007
S	77	4.20	7/26/2007	7/31/2007
S	94	4.23	7/26/2007	7/31/2007
S	91	4.48	7/26/2007	7/31/2007
S	89	4.61	7/26/2007	7/31/2007
S	89	4.62	7/26/2007	7/31/2007
S	92	4.52	7/26/2007	7/31/2007
S	100	4.16	7/26/2007	7/31/2007
S	100	4.16	7/26/2007	7/31/2007
S	100	4.16	7/26/2007	7/31/2007
S	100	4.17	7/26/2007	7/31/2007
S	100	4.17	7/26/2007	7/31/2007
S	100	4.17	7/26/2007	7/31/2007
S	100	4.17	7/26/2007	7/31/2007
S	100	4.17	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.18	7/26/2007	7/31/2007
S	100	4.19	7/26/2007	7/31/2007
S	100	4.19	7/26/2007	7/31/2007
S	100	4.20	7/26/2007	7/31/2007
S	100	4.20	7/26/2007	7/31/2007
S	100	4.20	7/26/2007	7/31/2007
S	100	4.21	7/26/2007	7/31/2007
S	100	4.21	7/26/2007	7/31/2007
S	100	4.21	7/26/2007	7/31/2007
S	100	4.22	7/26/2007	7/31/2007
S	100	4.22	7/26/2007	7/31/2007
S	100	4.22	7/26/2007	7/31/2007
S	100	4.22	7/26/2007	7/31/2007
S	100	4.22	7/26/2007	7/31/2007
S	100	4.23	7/26/2007	7/31/2007
S	100	4.23	7/26/2007	7/31/2007
S	100	4.23	7/26/2007	7/31/2007
S	100	4.23	7/26/2007	7/31/2007
S	100	4.23	7/26/2007	7/31/2007
S	100	4.23	7/26/2007	7/31/2007
S	100	4.24	7/26/2007	7/31/2007
S	100	4.24	7/26/2007	7/31/2007
S	100	4.24	7/26/2007	7/31/2007
S	100	4.24	7/26/2007	7/31/2007
S	100	4.24	7/26/2007	7/31/2007
S	100	4.24	7/26/2007	7/31/2007
S	100	4.24	7/26/2007	7/31/2007
S	100	4.25	7/26/2007	7/31/2007
S	100	4.25	7/26/2007	7/31/2007
S	100	4.25	7/26/2007	7/31/2007
S	100	4.25	7/26/2007	7/31/2007
S	100	4.25	7/26/2007	7/31/2007
S	100	4.25	7/26/2007	7/31/2007
S	100	4.25	7/26/2007	7/31/2007
S	100	4.26	7/26/2007	7/31/2007
S	100	4.26	7/26/2007	7/31/2007
S	100	4.26	7/26/2007	7/31/2007
S	100	4.26	7/26/2007	7/31/2007
S	100	4.26	7/26/2007	7/31/2007
S	100	4.26	7/26/2007	7/31/2007
S	100	4.28	7/26/2007	7/31/2007
S	100	4.31	7/26/2007	7/31/2007
S	100	4.33	7/26/2007	7/31/2007
S	100	4.38	7/26/2007	7/31/2007
S	100	4.39	7/26/2007	7/31/2007
S	101	4.36	7/26/2007	7/31/2007
S	100	4.42	7/26/2007	7/31/2007
S	100	4.42	7/26/2007	7/31/2007
S	100	4.42	7/26/2007	7/31/2007
S	100	4.42	7/26/2007	7/31/2007
S	100	4.45	7/26/2007	7/31/2007
S	100	4.46	7/26/2007	7/31/2007
S	100	4.47	7/26/2007	7/31/2007
S	100	4.47	7/26/2007	7/31/2007
S	100	4.48	7/26/2007	7/31/2007
S	100	4.48	7/26/2007	7/31/2007
S	100	4.48	7/26/2007	7/31/2007
S	100	4.48	7/26/2007	7/31/2007
S	100	4.48	7/26/2007	7/31/2007
S	100	4.48	7/26/2007	7/31/2007
S	100	4.48	7/26/2007	7/31/2007
S	100	4.48	7/26/2007	7/31/2007
S	100	4.48	7/26/2007	7/31/2007
S	106	4.23	7/26/2007	7/31/2007
S	100	4.49	7/26/2007	7/31/2007
S	100	4.49	7/26/2007	7/31/2007
S	100	4.49	7/26/2007	7/31/2007
S	100	4.53	7/26/2007	7/31/2007
S	100	4.54	7/26/2007	7/31/2007
S	100	4.56	7/26/2007	7/31/2007
S	100	4.56	7/26/2007	7/31/2007
S	100	4.57	7/26/2007	7/31/2007
S	100	4.57	7/26/2007	7/31/2007
S	100	4.58	7/26/2007	7/31/2007
S	100	4.58	7/26/2007	7/31/2007
S	100	4.58	7/26/2007	7/31/2007
S	100	4.58	7/26/2007	7/31/2007
S	100	4.60	7/26/2007	7/31/2007
S	100	4.61	7/26/2007	7/31/2007
S	100	4.61	7/26/2007	7/31/2007
S	100	4.61	7/26/2007	7/31/2007
S	100	4.62	7/26/2007	7/31/2007
S	100	4.62	7/26/2007	7/31/2007
S	100	4.62	7/26/2007	7/31/2007
S	100	4.63	7/26/2007	7/31/2007
S	100	4.64	7/26/2007	7/31/2007
S	111	4.19	7/26/2007	7/31/2007
S	109	4.56	7/26/2007	7/31/2007
S	122	4.17	7/26/2007	7/31/2007
S	111	4.61	7/26/2007	7/31/2007
S	178	4.17	7/26/2007	7/31/2007
S	189	4.19	7/26/2007	7/31/2007
S	200	4.16	7/26/2007	7/31/2007
S	200	4.16	7/26/2007	7/31/2007
S	200	4.17	7/26/2007	7/31/2007
S	200	4.18	7/26/2007	7/31/2007
S	200	4.18	7/26/2007	7/31/2007
S	200	4.18	7/26/2007	7/31/2007
S	200	4.18	7/26/2007	7/31/2007
S	200	4.19	7/26/2007	7/31/2007
S	200	4.20	7/26/2007	7/31/2007
S	200	4.21	7/26/2007	7/31/2007
S	200	4.21	7/26/2007	7/31/2007
S	200	4.21	7/26/2007	7/31/2007
S	200	4.22	7/26/2007	7/31/2007
S	200	4.23	7/26/2007	7/31/2007
S	200	4.23	7/26/2007	7/31/2007
S	200	4.23	7/26/2007	7/31/2007
S	200	4.23	7/26/2007	7/31/2007
S	200	4.25	7/26/2007	7/31/2007
S	200	4.26	7/26/2007	7/31/2007
S	200	4.28	7/26/2007	7/31/2007
S	200	4.31	7/26/2007	7/31/2007
S	200	4.32	7/26/2007	7/31/2007
S	200	4.33	7/26/2007	7/31/2007
S	199	4.36	7/26/2007	7/31/2007
S	200	4.39	7/26/2007	7/31/2007
S	200	4.42	7/26/2007	7/31/2007
S	200	4.42	7/26/2007	7/31/2007
S	200	4.45	7/26/2007	7/31/2007
S	200	4.46	7/26/2007	7/31/2007
S	200	4.46	7/26/2007	7/31/2007
S	200	4.47	7/26/2007	7/31/2007
S	200	4.47	7/26/2007	7/31/2007
S	200	4.48	7/26/2007	7/31/2007
S	200	4.50	7/26/2007	7/31/2007
S	200	4.55	7/26/2007	7/31/2007
S	200	4.56	7/26/2007	7/31/2007
S	200	4.61	7/26/2007	7/31/2007
S	200	4.62	7/26/2007	7/31/2007
S	200	4.63	7/26/2007	7/31/2007
S	228	4.18	7/26/2007	7/31/2007
S	270	4.21	7/26/2007	7/31/2007
S	300	4.17	7/26/2007	7/31/2007
S	300	4.17	7/26/2007	7/31/2007
S	300	4.17	7/26/2007	7/31/2007
S	300	4.17	7/26/2007	7/31/2007
S	300	4.17	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.18	7/26/2007	7/31/2007
S	300	4.19	7/26/2007	7/31/2007
S	300	4.19	7/26/2007	7/31/2007
S	300	4.20	7/26/2007	7/31/2007
S	300	4.20	7/26/2007	7/31/2007
S	300	4.20	7/26/2007	7/31/2007
S	300	4.20	7/26/2007	7/31/2007
S	300	4.20	7/26/2007	7/31/2007
S	300	4.21	7/26/2007	7/31/2007
S	300	4.22	7/26/2007	7/31/2007
S	300	4.22	7/26/2007	7/31/2007
S	300	4.23	7/26/2007	7/31/2007
S	300	4.24	7/26/2007	7/31/2007
S	300	4.24	7/26/2007	7/31/2007
S	300	4.24	7/26/2007	7/31/2007
S	300	4.25	7/26/2007	7/31/2007
S	300	4.25	7/26/2007	7/31/2007
S	300	4.25	7/26/2007	7/31/2007
S	300	4.25	7/26/2007	7/31/2007
S	300	4.25	7/26/2007	7/31/2007
S	300	4.25	7/26/2007	7/31/2007
S	300	4.25	7/26/2007	7/31/2007
S	300	4.26	7/26/2007	7/31/2007
S	300	4.27	7/26/2007	7/31/2007
S	300	4.28	7/26/2007	7/31/2007
S	300	4.28	7/26/2007	7/31/2007
S	300	4.30	7/26/2007	7/31/2007
S	300	4.30	7/26/2007	7/31/2007
S	300	4.34	7/26/2007	7/31/2007
S	300	4.37	7/26/2007	7/31/2007
S	291	4.56	7/26/2007	7/31/2007
S	300	4.43	7/26/2007	7/31/2007
S	300	4.43	7/26/2007	7/31/2007
S	300	4.47	7/26/2007	7/31/2007
S	300	4.47	7/26/2007	7/31/2007
S	300	4.48	7/26/2007	7/31/2007
S	300	4.48	7/26/2007	7/31/2007
S	300	4.48	7/26/2007	7/31/2007
S	300	4.48	7/26/2007	7/31/2007
S	300	4.48	7/26/2007	7/31/2007
S	300	4.49	7/26/2007	7/31/2007
S	300	4.49	7/26/2007	7/31/2007
S	300	4.49	7/26/2007	7/31/2007
S	300	4.52	7/26/2007	7/31/2007
S	300	4.56	7/26/2007	7/31/2007
S	300	4.57	7/26/2007	7/31/2007
S	300	4.57	7/26/2007	7/31/2007
S	300	4.58	7/26/2007	7/31/2007
S	300	4.62	7/26/2007	7/31/2007
S	308	4.52	7/26/2007	7/31/2007
S	300	4.69	7/26/2007	7/31/2007
S	400	4.17	7/26/2007	7/31/2007
S	400	4.17	7/26/2007	7/31/2007
S	400	4.17	7/26/2007	7/31/2007
S	400	4.18	7/26/2007	7/31/2007
S	400	4.18	7/26/2007	7/31/2007
S	400	4.19	7/26/2007	7/31/2007
S	400	4.19	7/26/2007	7/31/2007
S	400	4.20	7/26/2007	7/31/2007
S	400	4.22	7/26/2007	7/31/2007
S	400	4.22	7/26/2007	7/31/2007
S	400	4.22	7/26/2007	7/31/2007
S	400	4.23	7/26/2007	7/31/2007
S	400	4.24	7/26/2007	7/31/2007
S	400	4.24	7/26/2007	7/31/2007
S	400	4.24	7/26/2007	7/31/2007
S	400	4.24	7/26/2007	7/31/2007
S	400	4.24	7/26/2007	7/31/2007
S	400	4.33	7/26/2007	7/31/2007
S	400	4.47	7/26/2007	7/31/2007
S	400	4.50	7/26/2007	7/31/2007
S	400	4.60	7/26/2007	7/31/2007
S	963	4.21	7/26/2007	7/31/2007
S	180	4.73	7/26/2007	7/31/2007
S	354	4.73	7/26/2007	7/31/2007
P	180	4.73	7/26/2007	7/31/2007
P	354	4.73	7/26/2007	7/31/2007
P	624	4.21	7/26/2007	7/31/2007
P	6	4.27	7/27/2007	8/1/2007
P	57	4.27	7/27/2007	8/1/2007
P	100	4.27	7/27/2007	8/1/2007
P	200	4.27	7/27/2007	8/1/2007
P	200	4.27	7/27/2007	8/1/2007
P	200	4.27	7/27/2007	8/1/2007
P	200	4.27	7/27/2007	8/1/2007
P	6	4.30	7/27/2007	8/1/2007
S	100	3.72	7/31/2007	8/3/2007
S	100	3.75	7/31/2007	8/3/2007
S	100	3.78	7/31/2007	8/3/2007
S	100	3.85	7/31/2007	8/3/2007
S	100	4.07	7/31/2007	8/3/2007
S	100	4.15	7/31/2007	8/3/2007
S	112	4.26	7/31/2007	8/3/2007
S	100	3.65	7/31/2007	8/3/2007
S	18	3.34	7/31/2007	8/3/2007
S	82	3.34	7/31/2007	8/3/2007
S	100	3.14	7/31/2007	8/3/2007
S	100	3.40	7/31/2007	8/3/2007
S	100	3.40	7/31/2007	8/3/2007
S	100	3.55	7/31/2007	8/3/2007
S	100	3.94	7/31/2007	8/3/2007
S	100	3.95	7/31/2007	8/3/2007
S	100	3.96	7/31/2007	8/3/2007
S	100	3.98	7/31/2007	8/3/2007
S	100	3.99	7/31/2007	8/3/2007
S	100	4.17	7/31/2007	8/3/2007
S	100	4.20	7/31/2007	8/3/2007
S	100	4.22	7/31/2007	8/3/2007
S	100	4.23	7/31/2007	8/3/2007
P	534	3.60	7/31/2007	8/3/2007
S	107	3.69	8/1/2007	8/6/2007
S	100	3.67	8/1/2007	8/6/2007
S	100	3.67	8/1/2007	8/6/2007
S	100	3.69	8/1/2007	8/6/2007
S	100	3.70	8/1/2007	8/6/2007
S	25	3.69	8/1/2007	8/6/2007
S	100	3.69	8/1/2007	8/6/2007
S	273	3.67	8/1/2007	8/6/2007
P	212	3.67	8/2/2007	8/7/2007
S	212	3.67	8/2/2007	8/7/2007
S	64	3.36	8/2/2007	8/7/2007
S	44	3.63	8/2/2007	8/7/2007
S	6,800	3.38	8/2/2007	8/7/2007
S	6,800	3.18	8/3/2007	8/8/2007
S	236	3.18	8/3/2007	8/8/2007
P	6	3.18	8/3/2007	8/8/2007
S	6	3.18	8/3/2007	8/8/2007
S	26	3.19	8/3/2007	8/8/2007
S	88	3.19	8/3/2007	8/8/2007
P	273	3.18	8/3/2007	8/8/2007
S	6,800	2.69	8/6/2007	8/9/2007
S	6	3.04	8/6/2007	8/9/2007
P	114	2.91	8/6/2007	8/9/2007
P	100	2.60	8/7/2007	8/10/2007
P	100	2.60	8/7/2007	8/10/2007
S	100	3.97	8/8/2007	8/13/2007
P	100	3.88	8/8/2007	8/13/2007
P	200	3.88	8/8/2007	8/13/2007
P	235	3.97	8/8/2007	8/13/2007
S	29	3.97	8/8/2007	8/13/2007
S	40	4.40	8/9/2007	8/14/2007
S	47	4.40	8/9/2007	8/14/2007
S	87	4.40	8/9/2007	8/14/2007
S	87	4.40	8/9/2007	8/14/2007
S	87	4.73	8/9/2007	8/14/2007
S	12	4.03	8/9/2007	8/14/2007
S	12	4.39	8/9/2007	8/14/2007
S	12	4.40	8/9/2007	8/14/2007
S	12	4.40	8/9/2007	8/14/2007
S	12	4.42	8/9/2007	8/14/2007
S	12	4.88	8/9/2007	8/14/2007
S	18	4.08	8/9/2007	8/14/2007
S	18	4.42	8/9/2007	8/14/2007
S	18	4.79	8/9/2007	8/14/2007
S	18	4.83	8/9/2007	8/14/2007
S	18	4.98	8/9/2007	8/14/2007
S	24	4.02	8/9/2007	8/14/2007
S	116	4.86	8/10/2007	8/15/2007
P	116	4.86	8/10/2007	8/15/2007
P	700	3.92	8/10/2007	8/15/2007
P	294	3.50	8/10/2007	8/15/2007
S	12	3.98	8/10/2007	8/15/2007
S	18	3.54	8/10/2007	8/15/2007
S	18	3.55	8/10/2007	8/15/2007
S	18	3.56	8/10/2007	8/15/2007
S	24	3.97	8/10/2007	8/15/2007
S	24	3.97	8/10/2007	8/15/2007
S	24	3.98	8/10/2007	8/15/2007
S	100	3.13	8/13/2007	8/16/2007
S	200	3.13	8/13/2007	8/16/2007

EX-99.1 2 ds13daex99_1.htm EXHIBIT 1 ds13daex99_1.htm

Exhibit 1

AMENDMENT NO. 1 TO WARRANT AGREEMENT

AMENDMENT, dated as of August 13, 2007 (this “Amendment No. 1”), to the Warrant Agreement, dated as of November 7, 2006 (the “Agreement”), among InPhonic, Inc., a Delaware corporation (the “Company”), Goldman, Sachs & Co., Citicorp. North America, Inc. and AP InPhonic Holdings, LLC (each a “Purchaser”, and collectively, the “Purchasers”). Capitalized terms used herein without definition, if any, have the meaning given to them in the Agreement.

WHEREAS, the parties hereto have previously entered into the Agreement to provide for the issuance to the Purchasers of 1,250,000 Warrants and the Company has issued such Warrants; and

WHEREAS, the parties desire to amend the Agreement to provide for the issuance of 800,000 additional Warrants to the Purchasers on the terms and subject to the conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties agree as follows:

SECTION 1.

Amendments to Agreement.

(a)	The first WHEREAS clause is hereby amended and restated in its entirety as follows:

“WHEREAS, the Company proposes to issue in the aggregate 2,050,000 stock purchase warrants (the “Warrants”), which in the aggregate entitle the holders thereof to purchase up to 2,050,000 shares of common stock of the Company (the “Common Stock”) (the Common Stock issuable upon exercise of the Warrants, the “Warrant Shares”), which constitute approximately 4.33% of the Common Stock outstanding on the date hereof (on a fully-diluted basis), after giving effect to the exercise of such Warrants and all options, warrants, and rights to acquire Common Stock and the conversion of all restricted stock awards for the maximum number of common shares obtainable whether or not such convertible securities are then convertible; and”

(b)	The definition of “Closing Date” is hereby amended and restated in its entirety as follows:

“Closing Date” means each date on which the Company and the Purchasers have agreed that Warrants shall be issued hereunder. For each issuance of Warrants after the first issuance, the amendment hereto providing for such issuance shall specify the Closing Date applicable with respect to that issuance.

(c)	The definition of “Expiration Date” is hereby amended and restated in its entirety as follows:

“Expiration Date” means, with respect to each issuance of Warrants, the date on which such Warrants shall expire. For each issuance of Warrants after the first issuance, the amendment to this Agreement providing for such issuance shall specify the Expiration Date applicable with respect to that issuance.”

(d)	Section 2 is hereby amended and restated in its entirety as follows:

The Company, simultaneously with each Closing Date, shall deliver to each Purchaser duly executed Warrant certificates registered in the name of each Purchaser for the purchase of the number of Warrant Shares set forth opposite the name of such Purchaser in the relevant column on Schedule A to this Agreement. Warrant certificates shall be dated the date of issuance by the Company.

(e)	Schedule A to the Agreement is deleted and replaced with the following:

Issuance of Warrant Shares

	Initial Warrants Issued (November 7, 2006)	Warrants Issued Amendment No. 1 (August 13, 2007)	Total Number of Warrants Issued
Goldman, Sachs & Co., One New York Plaza New York, New York 10004 Facsimile no.: Attention: Ken Eberts	687,500	488,889	1,176,389
Citicorp North America, Inc. 2 Penns Way, Suite 100 New Castle, DE 19720	250,000	177,778	427,778
AP InPhonic Holdings, LLC c/o Liberty Associated Partners, LP 3 Bala Plaza East, Suite 502 Bala Cynwyd, PA 19004 Attn: Scott G. Bruce, Managing Director Tel: 610-660-4910 Fax: 610-660-4920	312,500	133,333	445,833

Totals	1,250,000	800,000	2,050,000

(f)	The notice address of the Company as set forth in Section 18 of the Agreement is hereby amended by deleting therefrom all reference to Skadden, Arps, Slate, Meagher & Flom LLP and the address of such firm.

SECTION 2.

Issuance of Additional Warrants.

The Company agrees to issue 800,000 Warrants, effective as of the Closing Date, to the Purchasers on the terms and conditions set forth in the Agreement, as amended hereby. For purposes of this Amendment No. 1, the term “Closing Date” means August 13, 2007 and the term “Expiration Date” means August 12, 2012 or, if such date is not a Business Day, the next succeeding Business Day.

SECTION 3.

Miscellaneous.

(a)	This Amendment No. 1 may be executed by one or more of the parties to this Amendment No. 1 on any number of counterparts (including by facsimile), and all of said counterparts taken together will be deemed to constitute one and the same instrument.

(b)	This Amendment No. 1 will be governed by and construed in accordance with the laws of the State of New York (including Section 5-1401 and Section 5-1402 of the NY General Obligation Law).

(c)	This Amendment No. 1 will not constitute an amendment or waiver of any of the terms and provisions of the Agreement and will not be construed as a waiver or consent to any further or future action on the part of the Company, except to the extent expressly set forth herein.

(d)	None of the terms or provisions of this Amendment No. 1 will be effective unless and until the Effective Date.

[Signature Pages Follow]

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment No. 1 to be duly executed and delivered as of the date first above written.

	Company:

	INPHONIC, INC.

	By:	/s/ David A. Steinberg
		Name: David A. Steinberg
		Title: Chief Executive Officer

	GOLDMAN, SACHS & CO.,
	as a Purchaser

	By:	/s/ Ken Eberts
		Name: Ken Eberts
		Title: Managing Director

	CITICORP NORTH AMERICA, INC.,
	as a Purchaser

	By:	/s/ Jeanne Appelt
		Name: Jeanne Appelt
		Title: Vice President

	AP INPHONIC HOLDINGS, LLC,
	as a Purchaser

	By:	/s/ Scott G. Bruce
		Name: Scott G. Bruce
		Title: Managing Director