-----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, Q92ZH2s/mEUXC0mZov7EmQ4WoQvfFBJV1MqqvS3JmX6d+/6Ue9TYwReMKJLSMm62 wLouXpgfO2EX3EJvjVGnvg== 0000950123-05-004471.txt : 20050414 0000950123-05-004471.hdr.sgml : 20050414 20050414085651 ACCESSION NUMBER: 0000950123-05-004471 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20050414 DATE AS OF CHANGE: 20050414 GROUP MEMBERS: BARBERRY CORP. GROUP MEMBERS: CCI OFFSHORE LLC GROUP MEMBERS: CCI ONSHORE LLC GROUP MEMBERS: HIGH RIVER LIMITED PARTNERSHIP GROUP MEMBERS: HOPPER INVESTMENTS LLC GROUP MEMBERS: ICAHN OFFSHORE L.P. GROUP MEMBERS: ICAHN ONSHORE L.P. GROUP MEMBERS: ICAHN PARTNERS L.P. GROUP MEMBERS: ICAHN PARTNERS MASTER FUND L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KERR MCGEE CORP /DE CENTRAL INDEX KEY: 0001141185 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 731612389 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78007 FILM NUMBER: 05749494 BUSINESS ADDRESS: STREET 1: KERR-MCGEE CENTER STREET 2: 123 ROBERT S. KERR AVENUE CITY: OKLAHOMA CITY STATE: OK ZIP: 73102 BUSINESS PHONE: 4052701313 MAIL ADDRESS: STREET 1: KERR-MCGEE CENTER STREET 2: P.O. BOX 25861 CITY: OKLAHOMA CITY STATE: OK ZIP: 73125 FORMER COMPANY: FORMER CONFORMED NAME: KERR MCGEE HOLDCO INC DATE OF NAME CHANGE: 20010525 FORMER COMPANY: FORMER CONFORMED NAME: KING HOLDCO INC DATE OF NAME CHANGE: 20010523 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ICAHN CARL C ET AL CENTRAL INDEX KEY: 0000921669 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O ICAHN ASSOCIATES CORP STREET 2: 767 FIFTH AVE #4700 CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2127024300 MAIL ADDRESS: STREET 1: C/O ICAHN ASSOCIATES CORP STREET 2: 767 FIFTH AVE #4700 CITY: NEW YORK STATE: NY ZIP: 10153 SC 13D/A 1 e07155a4sc13dza.txt AMENDMENT NO. 4 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)* Kerr-McGee Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 492386107 (CUSIP Number) Marc Weitzen, Esq. General Counsel Icahn Associates Corp. & affiliated companies 767 Fifth Avenue, 47th Floor New York, New York 10153 (212) 702-4388 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 13, 2005 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of " 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 Rule 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). SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON High River Limited Partnership S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 1,648,820 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 1,648,820 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,648,820 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.01% 14 TYPE OF REPORTING PERSON* PN SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON Hopper Investments LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 1,648,820 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 1,648,820 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,648,820 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.01% 14 TYPE OF REPORTING PERSON* OO SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON Barberry Corp. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 1,648,820 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 1,648,820 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,648,820 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.01% 14 TYPE OF REPORTING PERSON* CO SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON Icahn Partners Master Fund L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 3,365,557 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 3,365,557 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,365,557 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.06% 14 TYPE OF REPORTING PERSON* PN SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON Icahn Offshore L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 3,365,557 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 3,365,557 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,365,557 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.06% 14 TYPE OF REPORTING PERSON* PN SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON CCI Offshore LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 3,365,557 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 3,365,557 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,365,557 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.06% 14 TYPE OF REPORTING PERSON* OO SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON Icahn Partners L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 3,229,723 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 3,229,723 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,229,723 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.98% 14 TYPE OF REPORTING PERSON* PN SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON Icahn Onshore L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 3,229,723 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 3,229,723 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,229,723 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.98% 14 TYPE OF REPORTING PERSON* PN SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON CCI Onshore LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 3,229,723 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 3,229,723 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,229,723 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.98% 14 TYPE OF REPORTING PERSON* OO SCHEDULE 13D CUSIP No. 492386107 1 NAME OF REPORTING PERSON Carl C. Icahn S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 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 United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 8,244,100 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 8,244,100 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,244,100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.04% 14 TYPE OF REPORTING PERSON* IN SCHEDULE 13D Item 1. Security and Issuer The Schedule 13D filed on March 3, 2005 by the Reporting Persons (as defined herein), relating to the common stock, $1.00 par value (the "Shares"), of Kerr-McGee Corporation, a Delaware corporation (the "Issuer"), as amended by Amendment No. 1 filed on March 11, 2005, Amendment No. 2 filed on March 24, 2005 and Amendment No. 3 filed on April 4, 2005, is hereby further amended as set forth below by this Amendment No. 4 to Schedule 13D. The address of the principal executive offices of the Issuer is Kerr-McGee Center, 123 Robert S. Kerr Avenue, Oklahoma City, OK 73102. Item 3. Source and Amount of Funds or Other Consideration Item 3 is hereby amended and restated to read, in its entirety, as follows: The aggregate purchase price of the 8,244,100 Shares purchased by High River, Icahn Master and Icahn Partners, collectively, was $597,122,098.70 (including commissions and, with respect to Shares acquired upon exercise of options, including option purchase prices). The source of funding for the purchase of these Shares was the respective general working capital of the purchasers, and, with respect to High River, pursuant to margin accounts in the regular course of business. Item 4. Purpose of Transaction Item 4 is hereby amended to add the following: On April 13, 2005, the Reporting Persons, the JANA Parties and the Issuer entered into an agreement (the "Agreement"). A copy of the Agreement is filed herewith as an exhibit and incorporated herein by reference. On April 14, 2005, the Reporting Persons and the JANA Parties issued a press release (the "Press Release"). A copy of the Press Release is filed herewith as an exhibit and incorporated herein by reference. CARL C. ICAHN, BARRY S. ROSENSTEIN AND CERTAIN RELATED PARTIES FILED A PRELIMINARY PROXY STATEMENT WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 8, 2005 RELATING TO THEIR SOLICITATION OF PROXIES FROM THE STOCKHOLDERS OF KERR-MCGEE CORPORATION WITH RESPECT TO THE 2005 ANNUAL MEETING OF KERR-MCGEE'S STOCKHOLDERS. THE PRELIMINARY PROXY STATEMENT CONTAINS DETAILED INFORMATION REGARDING THE NAMES, AFFILIATIONS AND INTERESTS OF PERSONS WHO MAY BE DEEMED PARTICIPANTS IN THE SOLICITATION OF PROXIES OF KERR-MCGEE'S STOCKHOLDERS. THESE PARTIES INTEND TO FILE A DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS WITH THE SECURITIES AND EXCHANGE COMMISSION. SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS MAY BE OBTAINED WITHOUT CHARGE FROM THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT HTTP://WWW.SEC.GOV, AND THE DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO STOCKHOLDERS OF KERR-MCGEE CORPORATION. Item 5. Interest in Securities of the Issuer Item 5 is hereby supplemented as follows: (a) The Reporting Persons may be deemed to beneficially own, in the aggregate, 8,244,100 Shares, representing approximately 5.04% of the Issuer's outstanding Shares (based upon the 163,442,818 Shares stated to be outstanding as of March 11, 2005 by the Issuer in the Issuer's definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on April 1, 2005). (b) High River has sole voting power and sole dispositive power with regard to 1,648,820 Shares. Each of Barberry, Hopper and Carl C. Icahn has shared voting power and shared dispositive power with regard to such Shares. Icahn Master has sole voting power and sole dispositive power with regard to 3,365,557 Shares. Each of Icahn Offshore, CCI Offshore and Carl C. Icahn has shared voting power and shared dispositive power with regard to such Shares. Icahn Partners has sole voting power and sole dispositive power with regard to 3,229,723 Shares. Each of Icahn Onshore, CCI Onshore and Carl C. Icahn has shared voting power and shared dispositive power with regard to such Shares. The Reporting Persons may be deemed to be members of a "group" with the JANA Parties within the meaning of Section 13(d)(3) of the Act. As such, the group may be deemed to beneficially own Shares owned by the Reporting Persons and the JANA Parties. Upon information and belief, the JANA Parties, as of the close of business on April 13, 2005, may be deemed to beneficially own 4,388,700 Shares in the aggregate. Accordingly, the 12,632,800 Shares that may be deemed to be beneficially owned in the aggregate by the group constitutes approximately 7.7% of the Shares outstanding. However, neither the fact of this filing nor anything contained herein shall be deemed to be an admission by any of the Reporting Persons that they are the beneficial owners of Shares owned by the JANA Parties. (c) The following table sets forth all transactions with respect to Shares effected since the most recent filing on Schedule 13D by the Reporting Persons. All such transactions were effected in the open market and the table includes commissions paid in per share prices. No. of Shares Price Name Date Purchased Per Share - -------------------------------------------------------------------------------- High River 04/06/05 12,000 75.2439 Icahn Master 04/06/05 24,480 75.2439 Icahn Partners 04/06/05 23,520 75.2439 - -------------------------------------------------------------------------------- Item 6. Contracts, Arrangements, Understandings or Relationship with Respect to Securities of the Issuer Item 6 is hereby amended to add the following: On April 13, 2005, the Reporting Persons, the JANA Parties and the Issuer entered into the Agreement. A copy of the Agreement is filed herewith as an exhibit and incorporated herein by reference. On April 14, 2005, the Reporting Persons and the JANA Parties issued the Press Release. A copy of the Press Release is filed herewith as an exhibit and incorporated herein by reference. Item 7. Material to be Filed as Exhibits Item 7 is hereby amended and restated to read, in its entirety, as follows: 1 Agreement among the Reporting Persons, the JANA Parties and the Issuer. 2 Press Release issued by the Reporting Persons and the JANA Parties. SIGNATURE After reasonable inquiry and to the best of each of the undersigned knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: April 14, 2005 HOPPER INVESTMENTS LLC By: Barberry Corp. By: /S/ EDWARD E. MATTNER ----------------------- Name: Edward E. Mattner Title: Authorized Signatory BARBERRY CORP. By: /S/ EDWARD E. MATTNER ----------------------- Name: Edward E. Mattner Title: Authorized Signatory HIGH RIVER LIMITED PARTNERSHIP By: Hopper Investments LLC, General Partner By: Barberry Corp., member By: /S/ EDWARD E. MATTNER --------------------------- Name: Edward E. Mattner Title: Authorized Signatory ICAHN PARTNERS MASTER FUND L.P. By: /S/ EDWARD E. MATTNER ----------------------- Name: Edward E. Mattner Title: Authorized Signatory [Signature Page of Amendment #4 to Schedule 13D - Kerr-McGee, Inc.] ICAHN OFFSHORE L.P. By: /S/ EDWARD E. MATTNER ----------------------- Name: Edward E. Mattner Title: Authorized Signatory CCI OFFSHORE LLC By: /S/ EDWARD E. MATTNER ----------------------- Name: Edward E. Mattner Title: Authorized Signatory ICAHN PARTNERS L.P. By: /S/ EDWARD E. MATTNER ----------------------- Name: Edward E. Mattner Title: Authorized Signatory ICAHN ONSHORE L.P. By: /S/ EDWARD E. MATTNER ----------------------- Name: Edward E. Mattner Title: Authorized Signatory CCI ONSHORE LLC By: /S/ EDWARD E. MATTNER ----------------------- Name: Edward E. Mattner Title: Authorized Signatory /S/ CARL C. ICAHN - ----------------------- CARL C. ICAHN [Signature Page of Amendment #4 to Schedule 13D - Kerr-McGee, Inc.] EX-99.1 2 e07155a4exv99w1.txt EX-99.1: AGREEMENT AMONG REPORTING PERSONS EXECUTION COPY AGREEMENT, dated April 13, 2005, between Kerr-McGee Corporation, a Delaware corporation (the "COMPANY"), the parties listed on the signature pages of this agreement as Icahn Parties (each, an "ICAHN PARTY" and, collectively, the "ICAHN PARTIES"), and the parties listed on the signature pages of this agreement as Jana Parties (each, a "JANA PARTY" and, collectively, the "JANA PARTIES"). - -------------------------------------------------------------------------------- The Icahn Parties and the JANA Parties have filed preliminary proxy materials for use in connection with the Company's 2005 Annual Meeting of Stockholders (collectively, the "PROXY MATERIALS") with the Securities and Exchange Commission (the "SEC"), and each of the Icahn Parties and the JANA Parties has agreed to immediately suspend their solicitation of proxies in connection with such Annual Meeting and, upon the Company's acceptance of shares for payment (the "TENDER ACCEPTANCE") in the Tender Offer (defined below), to terminate such solicitation and to withdraw their slate of nominees to the Company's board of directors. For the purpose of this Agreement, the filing of amendments to a proxy statement and the filing of other proxy materials with the SEC intended to be responsive to comments from the SEC do not constitute the solicitation of proxies, all in a manner not inconsistent with the terms of this Agreement. The Company plans to announce a self tender offer to acquire between $3.96 billion and $4.0 billion in purchase price of its common stock in a modified "Dutch" auction with a price range of $85 to $92 per share, subject to receipt of satisfactory financing pursuant to an existing bank commitment and other customary conditions for issuer self tender offers (the "TENDER OFFER"). In consideration of the mutual promises, covenants and agreements contained herein, the parties agree as follows: 1. Each of the Icahn Parties and the JANA Parties, as applicable, hereby suspend their solicitation of proxies in connection with the Company's 2005 Annual Meeting of Stockholders until the earlier of (1) May 25, 2005, (2) April 29, 2005 if the Company has not commenced the Tender Offer by such date and (3) the date, if any, on which the Tender Offer is terminated or abandoned or the terms of which are amended in any material respect (other than an amendment to increase the aggregate number of shares to be purchased in the Tender Offer) (such earlier date, the "SOLICITATION DATE"), after which the Icahn Parties and the JANA Parties may at their election commence such solicitation in accordance with terms of this Agreement. After the Tender Acceptance, each of the Icahn Parties and the JANA Parties agrees to withdraw its notice of intent to nominate persons for election as directors of the Company at the Company's 2005 Annual Meeting of Stockholders, dated March 2, 2005, pursuant to Article III, Section 10 of the Company's By-Laws, and shall take all steps necessary to cease, and to cause all Affiliates (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT")) immediately to cease, all efforts to nominate or elect directors to the board of directors of the Company. After the Tender Acceptance, each of the Icahn Parties and the JANA Parties further agrees to vote for, and to cause all Affiliates to vote for, the Company's nominees for election at the 2005 Annual Meeting of Stockholders. 2. Each of the Icahn Parties and the JANA Parties agrees that, for a period from the date of this Agreement through and including May 10, 2008 (the "RESTRICTED PERIOD"), unless specifically invited in writing by the Company and unless a majority of the Continuing Directors (as defined below) has given its approval to such invitation, no such party will, nor will any such party permit any of its Affiliates to, nor will any such party cause any other person to, in any manner, directly or indirectly: (a) make, or propose (publicly or otherwise), any tender or exchange offer, merger or other transaction involving the Company or any Company Affiliate or propose that the Company or any Company Affiliate engage in or enter into any transaction or similar activity, (b) make or propose (publicly or otherwise) any proxy solicitation or solicitation of consents to vote any voting securities of the Company; (c) form, join or in any way participate in a "group" (as defined under the Exchange Act) in connection with any of the actions set forth in clause (a); (d) otherwise act, alone or in concert with others (including, without limitation, any holder of securities or other interests in the Company or any of its subsidiaries), to seek representation on the board of directors of the Company or any of its subsidiaries or to seek to control or influence the management, board of directors or policies of the Company or any of its subsidiaries or to take any of the actions described in clause (a); (e) initiate, propose or otherwise solicit stockholders for the approval of any stockholder proposal (as described in Rule 14a-8 under the Exchange Act or otherwise) with respect to the Company; or (f) encourage, assist or advise any third party or entity (including, without limitation, any holder of securities or other interests in the Company) with respect to any of the matters specified in this Section 2, or enter into any arrangements to so do. Each of the Icahn Parties and the JANA Parties also agrees during the Restricted Period not to request that the Company (or its directors, officers, employees or agents), directly or indirectly, amend or waive any provision of this Section (including this sentence), or permit any of its Affiliates to so request. For purposes of this agreement: (1) "CONTINUING DIRECTORS" means, as of any date of determination, any member of the board of directors of the Company who (A) was a member of such board of directors on the date hereof or (B) was nominated for election or elected to such board of directors with the approval of a majority of the Continuing Directors who were members of such board of directors at the time of such nomination or election; (2) "PERSON" shall be broadly interpreted to include the media and any corporation, partnership, group, individual or other entity; and (3) references to "THE 2 COMPANY" include any successor to the Company and any subsidiaries of the Company. Notwithstanding the foregoing, (x) in the event the Tender Acceptance has not occurred on or before the Solicitation Date, the provisions of this Section 2 shall be suspended with respect to the Icahn Parties and the JANA Parties until such time as the Tender Acceptance shall occur, and the provisions of this Section 2 shall terminate if the Tender Acceptance has not occurred on or before June 23, 2005, (y) the limitation set forth in Section 2(c) shall not apply with respect to any Icahn Party and its Affiliates constituting a "group" with any other Icahn Party or Icahn Party Affiliate and (z) the limitations set forth in Section 2(c) shall not apply with respect to any JANA Party and its Affiliates constituting a "group," with any other JANA Party or JANA Party Affiliate. 3. (a) The Company agrees to commence the Tender Offer on or before April 29, 2005. (b) The Company agrees that, while all other business may be brought before such Annual Meeting, it will cause its 2005 Annual Meeting of Stockholders to be adjourned on May 10, 2005 before the nominations or elections of directors to a date no earlier than June 7, 2005 and no later than June 9, 2005 for the purpose of nominating and electing directors. Provided that the Tender Acceptance has not occurred and, in the event the Icahn Parties and the JANA Parties notify the Company on or before June 5, 2005, of their desire to further adjourn the meeting, the Company will cause the meeting to be further adjourned until a date no earlier than June 21, 2005 and no later than June 23, 2005. (c) The Icahn Parties and the JANA Parties agree not to object to an amendment to the Company's By-Laws expressly granting the Chairman the authority to adjourn any meeting of stockholders. The Company agrees not to object to the Icahn Parties' notice of nominations as invalid under the Company's By-Laws or on the basis of claims asserted in the Action. (d) Each of the Icahn Parties and the JANA Parties agrees not to comment or otherwise disclose publicly their plans and intentions as to whether to tender shares into the Tender Offer (other than a disclosure that such party intends to tender all shares then beneficially owned by such Party). 4. Immediately after this Agreement is executed, the Company will inform the Court having jurisdiction over the Action of the fact of this settlement, and thereafter will take all steps necessary to dismiss the Action, with prejudice. 5. The Company agrees to issue a press release in the form attached as Exhibit A. Each of the Icahn Parties and the JANA Parties agree to issue a press release in the form attached as Exhibit B promptly after the issuance of the Company release. The press releases will be issued at or before 9:00 a.m. (EDT) on Thursday, April 14, 2005. Prior to May 25, 2005, and at all times after the Tender Acceptance, the Company and each of the Icahn Parties and the JANA Parties further agree not to make any statements inconsistent with their respective press releases. 3 6. Each party to this Agreement acknowledges and agrees that money damages would not be sufficient for any breach of this Agreement by such party or any Affiliate of such party, and that the other party or parties to this Agreement shall be entitled to equitable relief, including injunction and specific performance as a remedy for such breach. Such remedies shall not be deemed to be exclusive remedies for such a breach, but shall be in addition to all other remedies available in law or equity. 7. (a) Effective upon the Tender Acceptance, each of the Icahn Parties, on behalf of itself and each of its direct and indirect subsidiaries, affiliates, predecessors, successors and assigns, and each of such party's participants in the Proxy Contest (as defined below), and each of the past and present principals, partners, officers and directors of any of them, individually and collectively (each such Party an "ICAHN PERSON" and, collectively, the "ICAHN PERSONS"), hereby releases, acquits, and forever discharges the Company, and each of its direct and indirect subsidiaries, parents, affiliates, predecessors, successors and assigns, and each of the Company's participants in the Proxy Contest, and each of the past and present principals, officers, directors, employees and attorneys of any of them, from and with respect to any and all claims, counterclaims, actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, covenants, contracts, agreements, promises, damages, judgments, obligations, controversies, costs, expenses, attorneys' fees, liens, security interests, demands, assertions, cross claims, disputes, indebtedness, executions of any nature, and liabilities whatsoever possible, whether at law or in equity, statutory or otherwise, whether known or unknown, asserted or unasserted, of every kind and nature whatsoever, that any Icahn Person ever had, now has, or hereafter can, shall, or may have against any Company Party (as defined below) for, upon, or by reason of any matter, cause of action, or thing, whatsoever from the beginning of the world to the date of the Tender Acceptance, asserted in or arising out of or in connection with the Proxy Contest, the Nominations or the Action (each as defined below), but expressly excluding (among other claims) any claim for breach of or to enforce this Agreement. (b) Effective upon the Tender Acceptance, each of the JANA Parties, on behalf of itself and each of its direct and indirect subsidiaries, affiliates, predecessors, successors and assigns, and each of such party's participants in the Proxy Contest (as defined below), and each of the past and present principals, partners, officers and directors of any of them, individually and collectively (each such Party a "JANA PERSON" and, collectively, the "JANA PERSONS"), hereby releases, acquits, and forever discharges the Company, and each of its direct and indirect subsidiaries, parents, affiliates, predecessors, successors and assigns, and each of the Company's nominees and participants in the Proxy Contest, and each of the past and present principals, officers, directors, employees and attorneys of any of them, from and with respect to any and all claims, counterclaims, actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, covenants, contracts, agreements, promises, damages, judgments, obligations, controversies, costs, expenses, attorneys' fees, liens, security interests, demands, assertions, cross claims, disputes, indebtedness, executions of any nature, and liabilities whatsoever possible, whether at law or in equity, statutory or otherwise, whether known or unknown, asserted or unasserted, of every kind and nature whatsoever, that any JANA Person ever had, now has, or hereafter can, shall, or may have against any Company Party for, upon, or by reason of any matter, cause of action, or thing, whatsoever from the beginning of the world to the date of the Tender Acceptance, asserted in or arising 4 out of or in connection with the Proxy Contest, the Nominations or the Action, but expressly excluding (among other claims) any claim for breach of or to enforce this Agreement. (c) Effective upon the Tender Acceptance, the Company, on behalf of itself and each of its direct and indirect subsidiaries, affiliates, predecessors, successors and assigns, and each of the Company's nominees and participants in the Proxy Contest, and each of the past and present principals, officers and directors of any of them, individually and collectively (each such Party a "COMPANY PARTY" and, collectively, the "COMPANY PARTIES"), hereby releases, acquits, and forever discharges each Icahn Party and each JANA Party and each of its direct and indirect subsidiaries, parents, partners, affiliates, predecessors, successors and assigns, and each of such party's nominees and participants in the Proxy Contest, and each of the past and present principals, officers, directors, partners, employees and attorneys of any of them, from and with respect to any and all claims, counterclaims, actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, covenants, contracts, agreements, promises, damages, judgments, obligations, controversies, costs, expenses, attorneys' fees, liens, security interests, demands, assertions, cross claims, disputes, indebtedness, executions of any nature, and liabilities whatsoever possible, whether at law or in equity, statutory or otherwise, whether known or unknown, asserted or unasserted, of every kind and nature whatsoever, that any Company Party ever had, now has, or hereafter can, shall, or may have against any Icahn Person or JANA Person for, upon, or by reason of any matter, cause of action, or thing, whatsoever from the beginning of the world to the date of the Tender Acceptance, asserted in or arising out of or in connection with the Proxy Contest, the Nominations or the Action (each as defined below), but expressly excluding (among other claims) any claim for breach of or to enforce this Agreement. (d) "PROXY CONTEST" means the actions, omissions, solicitations, filings, allegations, campaign, and events that were part of, arose from, or were in connection with the solicitations of proxies by the Stockholders and the participants named in the related proxy material and statements around the Company's 2005 Annual Meeting of Stockholders. (e) The "ACTION" means the action captioned in KERR-MCGEE CORPORATION VS. (1) CARL C. ICAHN, (2) BARBERRY CORPORATION, (3) HOPPER INVESTMENTS, LLC, (4) HIGH RIVER LIMITED PARTNERSHIP, (5) ICAHN PARTNERS MASTER FUND LP, (6) ICAHN OFFSHORE LP, (7) CCI OFFSHORE LLC, (8) ICAHN PARTNERS LP, (9) ICAHN ONSHORE LP, (10) CCI ONSHORE LLC, (11) JANA PARTNERS LLC, (12) BARRY ROSENSTEIN, AND (13) GARY CLAAR, Civil Action No. CV-05-276-F, in the United States District Court for the Western District of Oklahoma. (f) "NOMINATIONS" means the Icahn Parties' nominations of Carl C. Icahn and Barry Rosenstein to become members of the Board of Directors of the Company, the Company's response to these nominations, and all related acts taken by the Stockholders or the Company in relation thereto. 8. Any representation, warranty, promise, covenant, agreement or obligation of the Icahn Parties, on the one hand, and the JANA Parties, on the other hand, are several and not joint. 5 9. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same agreement. 10. This Agreement is governed by the laws of the State of New York without giving effect to its conflicts of laws principles or rules. The parties have duly executed this agreement. KERR-MCGEE CORPORATION By: ------------------- Name: Title: ICAHN PARTIES: - ------------- _____________________________________________________ CARL C. ICAHN BARBERRY CORPORATION By: ________________________________________________ Name: Title: HOPPER INVESTMENTS, LLC By: ________________________________________________ Name: Title: HIGH RIVER LIMITED PARTNERSHIP By: ________________________________________________ Name: Title: 6 ICAHN PARTNERS MASTER FUND LP By: ________________________________________________ Name: Title: ICAHN OFFSHORE LP By: ________________________________________________ Name: Title: CCI OFFSHORE LLC By: ________________________________________________ Name: Title: ICAHN PARTNERS LP By: ________________________________________________ Name: Title: ICAHN ONSHORE LP By: ________________________________________________ Name: Title: CCI ONSHORE LLC By: ________________________________________________ Name: Title: JANA PARTIES: - ------------ 7 _____________________________________________________ BARRY ROSENSTEIN _____________________________________________________ GARY CLAAR _____________________________________________________ JANA PARTNERS LLC By: ________________________________________________ Name: Title: 8 Exhibit A Kerr-McGee Reaches Settlement with Icahn Group and JANA Partners Company Withdraws Litigation and Announces that Icahn and JANA Will Withdraw Board Nominees Pending Completion of Announced Share Repurchase Program Oklahoma City, April 14, 2005 - Kerr-McGee Corp. (NYSE: KMG) announced today that it has entered into a settlement with Mr. Carl Icahn, certain affiliated funds and JANA Partners LLC. As a result, the company will dismiss its complaint with prejudice filed March 10, 2005, in the United States District Court for the Western District of Oklahoma. Kerr-McGee also announced that based on the company's recent actions to enhance stockholder value, including the previously announced separation of its chemical business and recently announced $4 billion share repurchase program in the form of a modified "Dutch Auction" tender offer, it has received written notice from the Icahn Group and JANA Partners confirming that they will immediately cease proxy solicitation activities. The Icahn Group and JANA Partners will withdraw their alternate board nominees from consideration for election to the board of directors of Kerr-McGee on successful completion of Kerr-McGee's repurchase program. Kerr-McGee has every expectation that it will complete the repurchase program by mid-May, 2005. "This settlement enables the company to deliver on its commitment to deliver stockholder value and to advance its strategy as a pure-play exploration and production company," said Luke R. Corbett, Kerr-McGee chairman and chief executive officer. "Our conversations with Mr. Icahn and JANA have been productive." Kerr-McGee is an Oklahoma City-based energy and inorganic chemical company with worldwide operations and assets of more than $14 billion. For more information visit the company's website at WWW.KERR-MCGEE.COM. 9 Exhibit B ICAHN GROUP & JANA PARTNERS COMMEND KERR-MCGEE FOR AGREEING TO TAKE STEPS TO ENHANCE SHAREHOLDER VALUE New York, April 14, 2005 - Carl Icahn and Barry Rosenstein today announced that they commend Kerr-McGee's management and its Board of Directors for engaging in productive discussions with us and other shareholders, and agreeing to take steps to enhance shareholder value. They stated that "we believe that the steps that Kerr-McGee has undertaken will prove beneficial to all its shareholders." Messrs. Icahn and Rosenstein indicated that they were suspending their proxy contest for seats on the Board of Directors of the Kerr-McGee pending the commencement and successful completion of the tender offer for shares of its common stock which Kerr-McGee plans to commence shortly. When the tender offer is successfully completed, the proxy contest will be terminated said Messrs. Icahn and Rosenstein. 10 EX-99.2 3 e07155a4exv99w2.txt EX-99.2: PRESS RELEASE FOR IMMEDIATE RELEASE ICAHN GROUP & JANA PARTNERS COMMEND KERR-MCGEE FOR AGREEING TO TAKE STEPS TO ENHANCE SHAREHOLDER VALUE New York, New York, April 14, 2005 Contact: Susan Gordon (212) 702-4309 Carl Icahn and Barry Rosenstein today announced that they commend Kerr McGee's management and its Board of Directors "for engaging in productive discussions with us and other shareholders, and agreeing to take steps to enhance shareholder value." They stated that "we believe that the steps that Kerr-McGee has undertaken will prove beneficial to all its shareholders." Messrs. Icahn and Rosenstein indicated that they were suspending their proxy contest for seats on the Board of Directors of Kerr-McGee pending the commencement and successful completion of the tender offer for shares of its common stock which Kerr-McGee plans to commence shortly. When the tender offer is successfully completed, the proxy contest will be terminated, said Messrs. Icahn and Rosenstein. ### -----END PRIVACY-ENHANCED MESSAGE-----