-----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,
R0QqS1AS6WkfxsipQcO5U+F2NQwZfplaKcCGrenAvKwwMtxnDWn1SGny4EtJZA6I
41CBu/wAj3GMMMCtEPP11g==
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) (AMENDMENT NO. 2) IntercontinentalExchange, Inc.
(Name of Issuer) Common Stock, par value $0.01 per share
(Title of Class of Securities) 45865V100
(CUSIP Number) Herbert Thornhill Purchase, NY 10577
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 21, 2006
(Date of Event Which Requires Filing of This Statement)
Morgan Stanley
2000 Westchester Avenue, One South C
(914) 225-5542
SCHEDULE 13D
CUSIP No. 45865V100 |
|
|
1 |
NAME OF REPORTING PERSONS
Morgan Stanley |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) x |
3 |
SEC USE ONLY |
4 |
SOURCE OF FUNDS OO |
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) x |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF |
7 |
SOLE VOTING POWER -0- |
|
8 |
SHARED VOTING POWER 4,158,377 |
||
9 |
SOLE DISPOSITIVE POWER -0- |
||
10 |
SHARED DISPOSITIVE POWER 4,158,377 |
||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,158,377 (See Item 4). |
||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4% (See Item 5). |
||
14 |
TYPE OF REPORTING PERSON HC, CO |
||
|
2 |
|
SCHEDULE 13D
CUSIP No. 45865V100 |
|
|
1 |
NAME OF REPORTING PERSONS
Morgan Stanley Capital Group Inc. |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) x |
3 |
SEC USE ONLY |
4 |
SOURCE OF FUNDS OO |
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) x |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF
|
7 |
SOLE VOTING POWER -0- |
|
8 |
SHARED VOTING POWER 4,122,202 |
||
9 |
SOLE DISPOSITIVE POWER -0- |
||
10 |
SHARED DISPOSITIVE POWER 4,122,202 |
||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,122,202 (See Item 4). |
||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.3% |
||
14 |
TYPE OF REPORTING PERSON CO |
||
|
3 |
|
SCHEDULE 13D
CUSIP No. 45865V100 |
|
|
1 |
NAME OF REPORTING PERSONS
Morgan Stanley & Co. International Limited |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) x |
3 |
SEC USE ONLY |
4 |
SOURCE OF FUNDS OO |
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) x |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION England |
NUMBER OF |
7 |
SOLE VOTING POWER -0- |
|
8 |
SHARED VOTING POWER 32,570 |
||
9 |
SOLE DISPOSITIVE POWER -0- |
||
10 |
SHARED DISPOSITIVE POWER 32,570 |
||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,570 (See Item 4). |
||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <0.1% |
||
14 |
TYPE OF REPORTING PERSON BD, CO |
||
|
4 |
|
SCHEDULE 13D
CUSIP No. 45865V100 |
|
|
1 |
NAME OF REPORTING PERSONS
Morgan Stanley DW Inc. |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) x |
3 |
SEC USE ONLY |
4 |
SOURCE OF FUNDS BK, CO |
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) x |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF |
7 |
SOLE VOTING POWER -0- |
|
8 |
SHARED VOTING POWER 3,605 |
||
9 |
SOLE DISPOSITIVE POWER -0- |
||
10 |
SHARED DISPOSITIVE POWER 3,605 |
||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,605 (See Item 4). |
||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o < /td> | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <0.1% |
||
14 |
TYPE OF REPORTING PERSON CO |
||
|
5 |
|
This Amendment No.2 (this Amendment), amends and supplements the Schedule 13D Amendment No. 1 dated April 4, 2006 (the Amendment No. 1) as well as the Schedule 13D dated March 30, 2006 (the Initial Schedule 13D) filed by the Reporting Persons with respect to the Common Stock of the Company. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Initial Schedule 13D.
Item 2. Identity and Background
|
Item 2 is hereby amended and restated in its entirety. |
This Schedule 13D is being filed jointly on behalf of Morgan Stanley, a Delaware corporation (MS), Morgan Stanley Capital Group Inc., a Delaware corporation (MSCG), Morgan Stanley & Co. International Limited, a company organized under the laws of England (MSIL) and Morgan Stanley DW Inc., a Delaware corporation (MSDW together with MS, MSCG and MSIL the Reporting Persons). The name, business address, present principal occupation or employment and citizenship of each director and executive officer of MS, MSCG, MSIL and MSDW are set forth in Schedules A, B, C and D, respectively.
The address of the principal business office of MS and MSCG is 1585 Broadway, New York, New York, 10036. The address of the principal business office of MSDW is 2000 Westchester Avenue, Floor 01, Purchase, NY 10577. The address of the principal business office of MSIL is 25 Cabot Square, Canary Wharf, London E14 4QA, England.
MS is a global financial services firm that maintains leading market positions in each of its business segments Institutional Securities, Global Wealth Management Group, Asset Management and Discover.
MSCG is a wholly owned subsidiary of MS. MSCG effects non-regulated transactions with various international clients in various international markets. MSCG is a non-clearing member of NYMEX and executes transactions for its own account on such exchange. MSIL and MSDW are wholly owned subsidiaries of MS. MSIL is a broker-dealer doing business under the laws of England.
During the last five years, none of the Reporting Persons, and to the knowledge of the Reporting Persons, any of the persons listed on Schedules A, B, C, D and E, has (1) been
|
6 |
|
convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (2) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws, other than, in the case of clause (2), as described below.
Unless the context otherwise requires, the term Morgan Stanley means Morgan Stanley and its consolidated subsidiaries.
(a) In April 2003, Morgan Stanley & Co. Incorporated (MS&Co.), along with nine other financial services firms operating in the U.S., reached a settlement with the Securities and Exchange Commission (SEC), the New York State Attorney Generals Office, the New York Stock Exchange (NYSE), the National Association of Securities Dealers, Inc. (NASD), and the North American Securities Administrators Association (on behalf of state securities regulators) to resolve their investigations relating to alleged research conflicts of interest. Without admitting or denying allegations with respect to violations of certain rules of the NYSE and NASD relating to investment research activities (there were no allegations of fraud or federal securities law violations made against MS&Co.), Morgan Stanley agreed, among other things, to (1) pay $25 million as a pena lty, (2) pay $25 million as disgorgement of commissions and other monies, (3) provide $75 million over five years to make available independent third-party research to clients and (4) be permanently enjoined from violating certain rules of the NYSE and NASD relating to investment research activities.
(b) In November 2003, Morgan Stanley DW Inc. (MSDWI) consented, without admitting or denying the findings, to an entry of an order (the Order) that resolved the SECs and NASDs investigations into certain practices relating to MSDWIs offer and sale of certain mutual funds from January 1, 2000 to the date of the Order. Pursuant to the Order, MSDWI was ordered to (1) cease and desist from committing any violations and any future violations of Section 17(a)(2) of the Securities Act of 1933, as amended, and Rule 10b-10 under the Securities Exchange Act of 1934, as amended (the Exchange Act), (2) distribute for the benefit of certain customers who purchased funds through MSDWI pursuant to marketing arrangements between MSDWI and certain mutual fund complexes the amount of $50 million and (3) make certain disclosures and take certain other actions with respect to pr oprietary mutual funds.
(c) In November 2004, Morgan Stanley reached a settlement with the SEC to resolve an informal accounting investigation by executing an offer of settlement and agreeing to entry of a cease-and-desist order. The SEC found that Morgan Stanley valued certain impaired aircraft in its aircraft leasing business in late 2001, late 2002 and early 2003, and certain bonds in its high-yield bond portfolio in late 2000, in a manner that did not comply with generally accepted accounting principles, and thus violated financial reporting, recordkeeping and internal control provisions of the federal securities laws. The resolution did not involve any restatement of past financial statements, any monetary penalty or any allegation of fraud.
|
7 |
|
(d) In December 2004, MS&Co. and MSDWI reached a settlement with the NYSE under which Morgan Stanley executed two stipulations of facts and consent to penalty. The first stipulation was with respect to Morgan Stanleys failure to comply with certain prospectus delivery requirements, operational deficiencies and other matters, and included a fine of $13 million. The second stipulation was with respect to employee defalcations, and included a fine of $6 million.
(e) In January 2005, the SEC announced a settlement with MS&Co. and Goldman Sachs & Co. resolving the SECs investigation relating to initial public offering (IPO) allocation practices. The SEC filed a settled civil injunction action in the United States District Court for the District of Columbia against MS&Co. relating to the allocation of stock to institutional customers in IPOs underwritten during 1999 and 2000. Under the terms of the settlement, Morgan Stanley agreed, without admitting or denying the allegations, to the entry of a judgment enjoining it from violating Rule 101 of Regulation M and the payment of a $40 million civil penalty. The court approved the settlement on February 4, 2005. The complaint alleges that MS&Co. violated Rule 101 of Regulation M by attempting to induce certain customers who received allocations of IPOs to place purchase orders for addition al shares in the aftermarket.
(f) In May 2006, MS&Co. reached a settlement with the SEC, NYSE and NASD relating to its production of email in the research analyst and IPO investigations from December 2000 through at least July 2005. The complaint alleges that Morgan Stanley did not timely produce emails in response to requests in those matters because it did not diligently search for back-up tapes containing responsive emails until 2005, and because it over-wrote back-up tapes potentially containing responsive email until at least December 2002. Without admitting or denying the allegations of the complaint, Morgan Stanley consented to (1) a permanent injunction barring future violations of §17(b) of the Exchange Act (which requires, among other things, that Morgan Stanley respond promptly to SEC subpoenas and requests) and the relevant regulations promulgated thereunder and (2) the payment of a $15 million civil penalty, $5 million of which will be paid to NASD and the NYSE.
In addition, MS&Co. and MSDWI have been involved in a number of civil proceedings which concern matters arising in connection with the conduct of its business. Certain of such proceedings have resulted in findings of violation of federal or state securities laws. Each of these proceedings was settled by MS&Co. and MSDWI consenting to the entry of an order without admitting or denying the allegations in the complaint. All of such proceedings are reported and summarized in the MS&Co. Form BD and the MSDWI Form BD filed with the SEC, which descriptions are hereby incorporated by reference.
Item 4. Purpose of Transaction.
|
Item 4 is hereby amended by adding the following: |
Additional Lock-Up Agreement
MSCG has entered into a lock-up agreement with representatives of the underwriters named therein (the Representatives), dated April 28, 2006, (the Lock-Up Agreement) pursuant to which MSCG has agreed that for a period of 90 days after the date of the final prospectus covering the Public Offering (as defined therein), it will not, without the prior written consent of the Representatives, dispose of, directly or indirectly (including by means of any hedge that results in a short sale or any swap or other arrangement that transfers any of the economic consequences of ownership of the shares to another party), any Class A1 Share, Class A2 Share, share of Common Stock (together with the Class A1 Shares and the Class A2 Shares, the Shares), any option to acquire or any securities convertible into or exchangeable for Common Stock, subject to certain exceptions including that MSCG may sell up to ten percent of its Shares during certain periods to be specified by the Company and the Representatives.
|
8 |
|
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: July 24, 2006
|
MORGAN STANLEY |
|
|
|
|
|
/s/ Christopher L. ODell
|
|
|
Name: |
Christopher L. ODell |
|
Title: |
Authorized Signatory |
|
|
|
|
MORGAN STANLEY CAPITAL GROUP INC. |
|
|
/s/ Robert P. Kinney
|
|
|
Name: |
Robert P. Kinney |
|
Title: |
Vice President |
EXHIBIT INDEX
Exhibit 1 |
Lock-Up Agreement |
Exhibit 2 |
Joint Filing Agreement dated as of July 24, 2006 among MS, MSCG, MSIL and MSDW |
|
|
Schedule A
EXECUTIVE OFFICERS AND DIRECTORS
OF
MORGAN STANLEY
The names of the directors and the names and titles of the executive officers of Morgan Stanley (MS) and their principal occupations are set forth below. The business address of each of the directors or executive officers is that of MS at 1585 Broadway, New York, New York 10036. Unless otherwise indicated, each occupation set forth opposite an individuals name refers to MS and each individual is a United States citizen.
Name | Title |
*John J. Mack | Chairman of the Board and Chief Executive Officer |
*Roy J. Bostock |
Chairman of the Partnership for a Drug-Free America |
*Erskine B. Bowles |
President of the University of North Carolina |
*Howard J. Davies1 |
Director, The London School of Economics and Political Science |
*C. Robert Kidder |
Principal of Stonehenge Partners, Inc. |
*Donald T. Nicolaisen |
Director |
*Charles H. Noski |
Director |
*Hutham S. Olayan |
President, Chief Executive Officer and Director of Olayan America Corporation |
*Charles E. Phillips, Jr. |
President and Director of Oracle Corporation |
*O. Griffith Sexton |
Adjunct professor of finance at Columbia Business School |
*Laura DAndrea Tyson |
Dean of the London Business School |
*Klaus Zumwinkel2 |
Chairman of the Board of Management of Deutsche Post AG |
Walid Chammah |
Head of Investment Banking |
Jonathan Chenevix-Trench3 |
Chairman, Morgan Stanley International |
Zoe Cruz |
Co-President |
Thomas V. Daula |
Chief Risk Officer |
James P. Gorman |
President and COO, Global Wealth Management Group |
David W. Heleniak |
Vice Chairman |
Roger C. Hochschild |
President and COO, Discover Financial Services |
Jerker M. Johansson4 |
Co-Head of Institutional Sales and Trading |
Gary G. Lynch |
Chief Legal Officer |
Alasdair G. Morrison5 |
Chairman and CEO, Morgan Stanley Asia |
Eileen K. Murray |
Head of Global Operations and Technology |
David W. Nelms |
Chairman and CEO, Discover Financial Services |
Thomas R. Nides |
Chief Administrative Officer and Secretary |
Linda Riefler |
Chief Talent Agent |
Robert W. Scully |
Co-President |
Neal A. Shear |
Co-Head of Institutional Sales and Trading |
David H. Sidwell |
Executive Vice President and Chief Financial Officer |
Cordell G. Spencer6 |
Deputy Head of Investment Banking |
Owen D. Thomas |
President and COO, Investment Management |
1 Howard Davies is an English citizen
2 Klaus Zumwinkel is a German citizen
3 Jonathan Chenevix-Trench is an English citizen
4 Jerker Johansson is a Swedish citizen
5 Alasdair Morrison is an English citizen
6 Cordell Spencer is a Canadian citizen
* Director
Schedule B
EXECUTIVE OFFICERS AND DIRECTORS
OF
MORGAN STANLEY CAPITAL GROUP INC.
The names of the directors and the names and titles of the executive officers of Morgan Stanley Capital Group Inc. ("MSCG") and their principal occupations are set forth below. The business address of each of the directors or executive officers is that of MSCG at 1585 Broadway, New York, New York 10036. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to MSCG and each individual is a United States citizen.
Name |
Title |
*John A. Shapiro |
Chairman and President |
G. William Brown |
Vice President |
Colin Bryce1 |
Vice President |
Kenneth Carlino |
Vice President |
Benjamin Cross |
Vice President |
Michael H. Drury |
Vice President |
Simon T.W. Greenshields2 |
Vice President |
Deborah L. Hart |
Vice President |
Nancy A. King |
Vice President |
Robert P. Kinney |
Vice President |
Christopher Marmo |
Vice President |
Stephen P. Mettler |
Vice President |
*Philip V. Newcomb |
Vice President |
*Mary Lou Peters |
Vice President |
Ian Henry Franklin Potter3 |
Vice President |
Olav N. Refvik4 |
Vice President |
Brian J. Armstrong |
Treasurer |
William F. McCoy |
Secretary |
1 Colin Bryce is an English citizen
2 Simon T.W. Greenshields is an English citizen
3 Ian Henry Franklin Potter is a Canadian citizen. The business address of Mr. Potter is 23
|
Church Street, #16-01, Capital Square, Singapore, 049481. |
4 Olav N. Refvik is a Norwegian citizen
* Director
Schedule C
EXECUTIVE OFFICERS AND DIRECTORS
OF
MORGAN STANLEY & CO. INTERNATIONAL LIMITED
The names of the directors and the names and titles of the executive officers of Morgan Stanley & Co. International Limited (MSIL) and their principal occupations are set forth below. The business address of each of the directors or executive officers is that of 20 Cabot Square, Canary Wharf, London E14 4QW, England. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to MSIL and each individual is a United States citizen.
Name |
Title |
*Jonathan Chenevix-Trench1 |
Chairman and Managing Director and CEO of Europe |
*R. Derek Bandeen2 |
Managing Director and European Head of International Equities Division |
*Colin Bryce3 |
Managing Director and Joint Head of Fixed Income Division |
*Keith Clark4 |
Managing Director and International General Counsel |
*Amelia C. Fawcett |
Managing Director and Chief Operating Officer |
*Roberto Hoornweg5 |
Managing Director and Joint Head of Fixed Income Division |
*M. Jerker Johansson6 | Managing Director and Global Co-Head of Institutional S&T Global Head of Equity |
*Dagmar Kollmann7 |
Managing Director and Country Head of Germany |
*David Nicol8 |
Managing Director and Chief Administrative Officer, Europe |
*Franck Petitgas9 |
Head of Investment Banking Division |
*Chris Van Aeken10 |
Managing Director and Chief Operating Officer in International Private Wealth Management |
Richard Rosenthal |
Company Secretary and Managing Director and European General Counsel |
M. Elizabeth Gledhill11 |
Assistant Company Secretary and Vice President |
Lisa Marvin12 |
Assistant Company Secretary and Vice President |
1 Jonathan Chenevix-Trench is a British Citizen
2 R. Derek Bandeen is a Canadian Citizen
3 Colin Bryce is a British Citizen
4 Keith Clark is a British Citizen
5 Roberto Hoornweg is a Dutch Citizen
6 M. Jerker Johansson is a Swedish Citizen
7 Dagmar Kollmann is a German Citizen. The business address for Mr. Kollman is Junghofstrasse 13-15 60311 Frankfurt Germany, 60311
8 David Nicol is a British Citizen
9 Franck Petitgas is a French Citizen
10 Chris Van Aeken is a Belgian Citizen
11 M. Elizabeth Gledhill is a British Citizen
12 Lisa Marvin is a British Citizen
* Director
Schedule D
EXECUTIVE OFFICERS AND DIRECTORS
OF
MORGAN STANLEY & CO. INCORPORATED
The names of the directors and the names and titles of the executive officers of Morgan Stanley & Co. Incorporated ("MS&Co.") and their principal occupations are set forth below. The business address of each of the directors or executive officers is that of MS&Co. at 1585 Broadway, New York, New York 10036. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to MS&Co. and each individual is a United States citizen.
Name |
Title |
*Walid A. Chammah |
Managing Director of MS&Co. and Head of Investment Banking of MS |
*Charles Chasin |
Managing Director of MS&Co. and Chief of Staff to the Co−Presidents of MS |
*Zoe Cruz |
Managing Director, Chief Executive Officer and President of MS&Co. and Co−President of MS |
*Richard Portogallo |
Managing Director of MS&Co. and Head of U.S. Equity Division of MS |
Neal A. Shear |
Managing Director of MS&Co. and Co-Head of Institutional Sales and Trading of MS |
*Cordell G. Spencer1 |
Managing Director of MS&Co. and Deputy Head of Investment Banking of MS |
John H. Faulkner |
Managing Director, General Counsel and Secretary of MS&Co. |
Paul C. Wirth |
Managing Director and Chief Financial Officer of MS&Co. and Controller and Principal Accounting Officer of MS |
Jill W. Ostergaard |
Managing Director and Chief Compliance Officer of MS&Co. |
David K. Wong |
Treasurer of MS&Co. |
Alexander C. Frank |
Chief Operations Officer of MS&Co. |
1 Cordell G. Spencer is a Canadian citizen
* Director
Schedule E
EXECUTIVE OFFICERS AND DIRECTORS
OF
MORGAN STANLEY DW INC.
The names of the directors and the names and titles of the executive officers of Morgan Stanley DW Inc. ("MSDW") and their principal occupations are set forth below. The business address of each of the directors or executive officers is that of MSDW at 2000 Westchester Avenue, Purchase, NY 10577. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to MSDW and each individual is a United States citizen.
Name |
Title |
*James P. Gorman |
President, Chief Executive Officer, Chief Operating Officer, Managing Director |
*Shelley S. Hanan |
Managing Director |
*Raymond A. Harris |
Managing Director |
*Kirk Wickman |
Managing Director, General Counsel and Secretary |
Jeffrey L. Adams |
Managing Director |
Ian Bernstein |
Managing Director |
Michael A. Burke, Sr. |
Managing Director |
Ronald T. Carman |
Managing Director and Assistant Secretary |
Noland Cheng |
Managing Director |
Michael R. Durbin |
Managing Director |
Jeffrey A. Gelfand |
Managing Director, Controller and Chief Financial Officer |
Scott R. Graflund |
Managing Director |
Thomas K. Harms |
Managing Director |
Donald A. Herrema |
Managing Director |
Henry E. Kaplan |
Managing Director |
Douglas J. Ketterer |
Managing Director |
Steven G. Magee |
Managing Director |
William A. McMahon |
Managing Director |
James Mahon |
Managing Director |
Jerry W. Miller |
Managing Director |
Kevin Morano |
Managing Director |
Michelle B. Oroschakoff |
Chief Compliance Officer |
Daniel Petrozzo |
Managing Director |
Andrew M. Saperstein |
Managing Director |
Richard A. Skae |
Managing Director |
Sririam Subramaniam |
Managing Director |
George D. Sullivan |
Managing Director |
Todd R. Taylor |
Managing Director |
Chris Van Aeken1 |
Managing Director |
David K. Wong |
Treasurer |
Jacqueline T. Brody |
Assistant Treasurer |
Maryann Fappiano |
Assistant Treasurer |
William J. Foresell |
Assistant Treasurer |
Jai Sooklal |
Assistant Treasurer |
Charlene R. Herzer |
Assistant Secretary |
Susan M. Krause |
Assistant Secretary |
William J. OShaughnessy, Jr. |
Assistant Secretary |
1 Chris Van Aeken is a Belgian citizen
* Director
Exhibit 1
IntercontinentalExchange, Inc.
Secondary Lock-Up Agreement
April 28, 2006
Re: IntercontinentalExchange, Inc. Secondary Lock-Up Agreement
Ladies and Gentlemen:
The undersigned understands that Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated, or such other investment banks as the Company may select, as representatives (the Representatives), propose to enter into an Underwriting Agreement (the Underwriting Agreement) on behalf of the several Underwriters named in Schedule I to such agreement (collectively, the Underwriters), with IntercontinentalExchange, Inc., a Delaware corporation (the Company), providing for a public offering (the Public Offering) of shares of Common Stock, par value $0.01 per share, of the Company (the Shares) pursuant to a Registration Statement on Form S-1 (the Registration Statement) to be filed with the Securities and Exchange Commission (the SEC). Common stock, at any time means all shares of the Companys common stock issued and outstanding at such time, including all Class A Common Stock, Series 1 and all Class A Common Stock, Series 2 then outstanding and shares of common stock into which all such Class A Common Stock, Series 1 and Class A Common Stock, Series 2 may be convertible pursuant to the Fourth Amended and Restated Certificate of Incorporation or is then issued and outstanding (collectively, Common Stock).
In consideration of the agreement by the Underwriters to offer and sell the Shares, and of other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned agrees that, during the period specified below (the Lock-Up Period), the undersigned or any of its respective affiliates will not (1) offer, sell, contract to sell, pledge, hypothecate, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, make any short sale or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock, any options, rights or warrants to purchase any shares of Common Stock or any securities convertible into, exercisable or exchangeable for or that represent the right to receive shares of Common Stock, whether now owned or hereinafter acquired, owned directly by the undersigned (including holding as a custodian) or with respect to which the undersigned has beneficial ownership within the rules and regulations of the SEC (collectively, the Undersigneds Shares) or (2) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Undersigneds Shares, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise, or (3) file or cause the Company to file any registration statement with the SEC relating to the offering of any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock. The foregoing sentence shall not apply to the
|
|
|
Registration Statement or the sale of any shares to the Underwriters pursuant to the Underwriting Agreement or an amount up to ten percent (10%) of the Undersigneds Shares as of May 22, 2006, which may be sold by the undersigned during a period beginning on May 22, 2006 and extending through a date to be specified in writing by the Company, on behalf of the Representatives to the undersigned.
The foregoing restrictions are expressly agreed to preclude the undersigned or any of its respective affiliates from engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of the Undersigneds Shares even if such shares would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions would include without limitation any short sale or any sale or grant of any right (including without limitation any put or call option) with respect to any of the Undersigneds Shares or with respect to any security that includes, relates to, or derives any significant part of its value from such shares.
Notwithstanding anything herein to the contrary, the undersigned and its respective affiliates may engage in brokerage, investment advisory, investment company, financial advisory, principal investing, anti-raid advisory, merger advisory, financing, asset management, trading, market making, arbitrage and other similar activities conducted in the ordinary course of its and its affiliates business and any hedging or other transactions incidental thereto; provided, however, that the undersigned's investment of 6,418,384 Class A Series 2 common shares in the Company, as such investment (as a capital investment and not as a result of the financial services activities of the undersigned or its affiliates described above in this paragraph) may be increased or reduced in accordance with the provisions of this Lock-Up Agreement and whether held by the undersigned or any of its affiliates, shall be subject to the restrictions of this Lock-Up Agreement.
Notwithstanding anything to the contrary contained herein, the undersigned or any of its respective affiliates may (A) transfer the Undersigneds Shares (i) as a bona fide gift or gifts, provided that the donee or donees thereof agree to be bound in writing by the restrictions set forth herein, (ii) to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned, provided that the trustee of the trust agrees to be bound in writing by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value, or (iii) with the prior written consent of the Representatives on behalf of the Underwriters and (B) exercise any options or other rights granted pursuant to the Companys 2000 Stock Option Plan, the Companys 2003 Restricted Stock Deferral Plan for Outside Directors, the Companys 2004 Restricted Stock Plan, or the Companys 2005 Equity Incentive Plan (collectively, the Benefit Plans), or convert or exchange any convertible or exchangeable securities outstanding on the date hereof; provided that in the case of any transfer or distribution pursuant to the foregoing no filing by any party (donor, donee, transferor or transferee) under Section 16(a) of the Securities Exchange Act of 1934, as amended, (the Exchange Act), shall be required or shall be made voluntarily in connection with such transfer or distribution (other than a filing on a Form 5 made after the expiration of the Lock-Up Period). For purposes of this Lock-Up Agreement, immediate family shall mean any relationship by blood, marriage or adoption, not more remote than first cousin. In addition, notwithstanding the foregoing, if the undersigned is a corporation, the corporation may transfer the capital stock of the Company to any wholly-owned subsidiary of such corporation; provided, however, that in any such case, it shall be a condition to
|
2 |
|
the transfer that the transferee execute an agreement stating that the transferee is receiving and holding such capital stock subject to the provisions of this Agreement, that no filing under Section 16(a) of the Exchange Act, shall be required or shall be made voluntarily in connection with such transfer or distribution (other than a filing on a Form 5 made after the expiration of the Lock-Up Period) and there shall be no further transfer of such capital stock except in accordance with this Agreement, and provided further that any such transfer shall not involve a disposition for value. As of the date hereof, the undersigned has good and marketable title to the Undersigneds Shares, free and clear of all liens, encumbrances and claims whatsoever. In addition, the undersigned agrees that, it will not, during the Lock-Up Period, make any demand for or exercise any right with respect to, the registration of any shares of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock. The undersigned also agrees and consents to the entry of stop transfer instructions with the Companys transfer agent and registrar against the transfer of the Undersigneds Shares except in compliance with the foregoing restrictions.
The initial Lock-Up Period will commence on the date that the Registration Statement is filed with the SEC and continue for 90 days after the date of the final prospectus covering the Public Offering; provided, however, that if (1) during the last 17 days of the initial Lock-Up Period, the Company releases earnings results or announces material news or a material event or (2) prior to the expiration of the initial Lock-Up Period, the Company announces that it will release earnings results during the 15-day period following the last day of the initial Lock-Up Period, then in each case the Lock-Up Period will be automatically extended until the expiration of the 18-day period beginning on the date of the release of the earnings results or the announcement of the material news or material event, as applicable, unless the Representatives, on behalf of the Underwriters, waive, in writing, such extension.
The undersigned hereby acknowledges that the Company has agreed in the Underwriting Agreement to provide written notice of any event that would result in an extension of the Lock-Up Period pursuant to the previous paragraph to the undersigned (in accordance with Section 5(e) of the Underwriting Agreement) and agrees that any such notice properly delivered will be deemed to have been given to, and received by, the undersigned. The undersigned hereby further agrees that, prior to engaging in any transaction or taking any other action that is subject to the terms of this Lock-Up Agreement during the period from the date of this Lock-Up Agreement to and including the 34th day following the expiration of the initial Lock-Up Period, it will give notice thereof to the Company and will not consummate such transaction or take any such action unless it has received written confirmation from the Company that the Lock-Up Period (as such may have been extended pursuant to the previous paragraph) has expired.
The undersigned understands that the Company and the Underwriters are relying upon this Lock-Up Agreement in proceeding toward consummation of the Public Offering. The undersigned further understands that this Lock-Up Agreement is irrevocable and shall be binding upon the undersigneds heirs, legal representatives, successors and assigns. Whether or not the Public Offering actually occurs depends on a number of factors, including market conditions. If the filing of the Registration Statement does not occur on or before June 16, 2006 or the Registration Statement is not declared effective by the SEC on or before July 10, 2006, this Lock-Up Agreement shall terminate. Any Public Offering will only be made pursuant to the Underwriting Agreement, the terms of which are subject to negotiation between the Company and the Underwriters.
|
3 |
|
Very truly yours,
MORGAN STANLEY CAPITAL GROUP INC.
Exact Name of Shareholder
Nancy A. King
Authorized Signature
Vice President
Title
|
4 |
|
EXHIBIT 2
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the persons named below agrees to the joint filing of a Statement on Schedule 13D (including amendments thereto) with respect to the common stock, $0.01 par value per share, of IntercontinentalExchange, Inc., a Delaware corporation, and further agrees that this joint filing agreement be included as an exhibit to such filings provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
Dated as of July 24, 2006.
MORGAN STANLEY | |
/s/ Dennine Bullard | |
Name: Dennine Bullard | |
Title: Authorized Signatory | |
MORGAN STANLEY CAPITAL GROUP INC. | |
/s/ Robert P. Kinney | |
Name :Robert P. Kinney | |
Title: Vice President | |
MORGAN STANLEY & CO. INTERNATIONAL LIMITED | |
/s/ Derek Bandeen | |
Name: Derek Bandeen |
|
Title: Authorized Signatory |
|
MORGAN STANLEY DW INC. | |
/s/ Kirk Wickman | |
Name: Kirk Wickman |
|
Title: Managing Director, General Counsel and Secretary |
|