-----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, ACu2L34yAskfOM0ThL8bXkYj/xselgm1lyCsQLZ3qDeMp9jeC9b1cTx/lsCBjroN Bsi3Cx/R0yyh0DbwKnhZfA== 0000902664-06-002675.txt : 20061204 0000902664-06-002675.hdr.sgml : 20061204 20061204091048 ACCESSION NUMBER: 0000902664-06-002675 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20061204 DATE AS OF CHANGE: 20061204 GROUP MEMBERS: CASTLERIGG INTERNATIONAL HOLDINGS LIMITED GROUP MEMBERS: CASTLERIGG INTERNATIONAL LIMITED GROUP MEMBERS: CASTLERIGG MASTER INVESTMENTS LTD. GROUP MEMBERS: EDWARD P. GARDEN GROUP MEMBERS: NELSON PELTZ GROUP MEMBERS: PETER W. MAY GROUP MEMBERS: SANDELL ASSET MANAGEMENT CORP. GROUP MEMBERS: THOMAS E. SANDELL GROUP MEMBERS: TRIAN FUND MANAGEMENT GP, LLC GROUP MEMBERS: TRIAN PARTNERS GENERAL PARTNER, LLC GROUP MEMBERS: TRIAN PARTNERS GP, L.P. GROUP MEMBERS: TRIAN PARTNERS MASTER FUND (NON-ERISA), L.P. GROUP MEMBERS: TRIAN PARTNERS MASTER FUND, L.P. GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND I GENERAL PARTNER, LLC GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND I, L.P. GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND II GENERAL PARTNER, LLC GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND II GP, L.P. GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND II, L.P. GROUP MEMBERS: TRIAN PARTNERS, L.P. GROUP MEMBERS: TRIAN SPV (SUB) I, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HEINZ H J CO CENTRAL INDEX KEY: 0000046640 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] IRS NUMBER: 250542520 STATE OF INCORPORATION: PA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-17610 FILM NUMBER: 061252766 BUSINESS ADDRESS: STREET 1: 600 GRANT ST CITY: PITTSBURGH STATE: PA ZIP: 15219 BUSINESS PHONE: 4124565700 MAIL ADDRESS: STREET 1: P O BOX 57 STREET 2: P O BOX 57 CITY: PITTSBURGH STATE: PA ZIP: 15230 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Trian Fund Management, L.P. CENTRAL INDEX KEY: 0001345471 IRS NUMBER: 203454182 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 41ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-451-3000 MAIL ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 41ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 sc13da.txt H.J. HEINZ COMPANY SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A) (Amendment No. 3)* H. J. HEINZ COMPANY - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.25 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 423074103 - -------------------------------------------------------------------------------- (CUSIP Number) Marc Weingarten, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, New York 10022 (212) 756-2000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 1, 2006 - -------------------------------------------------------------------------------- (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 Rule 13d-1(e), 13d-(1)(f) or 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. (Continued on following pages) (Page 1 of 27 Pages) - ------------------- * 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. 423074103 Page 2 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Fund Management, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3454182 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 18,595,000 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 18,595,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,595,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 3 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Fund Management GP, LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3454087 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 18,595,000 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 18,595,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,595,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 4 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners GP, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453775 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 12,427,062 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 12,427,062 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,427,062 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 5 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners General Partner, LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453595 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 12,427,062 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 12,427,062 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,427,062 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 6 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453988 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / / ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 1,376,787 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,376,787 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,376,787 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 7 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners Master Fund, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 98-0468601 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / / ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,259,406 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 5,259,406 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,259,406 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 8 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners Master Fund (Non-ERISA), L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 98-0471467 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / / ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 307,739 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 307,739 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 307,739 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 9 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners Parallel Fund I, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3694154 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / / ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 255,560 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 255,560 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 255,560 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 10 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners Parallel Fund I General Partner, LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3694293 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 255,560 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 255,560 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 255,560 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 11 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners Parallel Fund II, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763105 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / / ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 57,884 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 57,884 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,884 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 12 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners Parallel Fund II GP, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763102 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 57,884 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 57,884 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,884 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 13 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian Partners Parallel Fund II General Partner, LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763099 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 57,884 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 57,884 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,884 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 14 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Trian SPV (SUB) I, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 98-0485814 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / / ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,483,130 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 5,483,130 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,483,130 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 15 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Nelson Peltz S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 18,595,000 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 18,595,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,595,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 16 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Peter W. May S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 18,595,000 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 18,595,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,595,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 17 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Edward P. Garden S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 18,595,000 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 18,595,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,595,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 18 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Castlerigg Master Investments Ltd. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / / ITEMS 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------- NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,381,400 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 5,381,400 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,381,400 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 19 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Sandell Asset Management Corp. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,381,400 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 5,381,400 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,381,400 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 20 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Castlerigg International Limited S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,381,400 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 5,381,400 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,381,400 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON - -------------------------------------------------------------------------------- CO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 21 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Castlerigg International Holdings Limited S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,381,400 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 5,381,400 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,381,400 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 22 of 27 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Thomas E. Sandell S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Sweden - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,381,400 OWNED BY ------------------------------------------------------------ EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 5,381,400 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,381,400 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 423074103 Page 23 of 27 Pages - -------------------------------------------------------------------------------- This Amendment No. 3 relates to the Schedule 13D filed with the Securities and Exchange Commission on April 24, 2006, as previously amended by Amendment No. 1 on May 23, 2006 and by Amendment No. 2 on September 15, 2006, by Trian Partners GP, L.P., a Delaware limited partnership ("Trian GP"), Trian Partners General Partner, LLC, a Delaware limited liability company ("Trian GP LLC"), Trian Partners, L.P., a Delaware limited partnership ("Trian Onshore"), Trian Partners Master Fund, L.P., a Cayman Islands exempted limited partnership ("Trian Offshore"), Trian Partners Master Fund (Non-ERISA), L.P., a Cayman Islands exempted limited partnership ("Trian Offshore (Non-ERISA)"), Trian Partners Parallel Fund I, L.P., a Delaware limited partnership ("Parallel Fund I"), Trian Partners Parallel Fund I General Partner, LLC, a Delaware limited liability company ("Parallel Fund I GP LLC"), Trian Partners Parallel Fund II, L.P., a Delaware limited partnership ("Parallel Fund II"), Trian Partners Parallel Fund II GP, L.P., a Delaware limited partnership ("Parallel Fund II GP"), Trian Partners Parallel Fund II General Partner, LLC, a Delaware limited liability company ("Parallel Fund II GP LLC"), Trian SPV (SUB) I, L.P., a Cayman Islands exempted limited partnership ("Trian SPV"), Trian Fund Management, L.P., a Delaware limited partnership ("Trian Management"), Trian Fund Management GP, LLC, a Delaware limited liability company ("Trian Management GP" and, together with the foregoing, the "Trian Entities"), Nelson Peltz, a citizen of the United States of America, Peter W. May, a citizen of the United States of America, Edward P. Garden, a citizen of the United States of America (the Trian Entities and Messrs. Peltz, May and Garden are sometimes hereinafter referred to collectively as the "Trian Filing Persons"), Castlerigg Master Investments Ltd., a British Virgin Islands company ("CMI"), Sandell Asset Management Corp., a Cayman Islands exempted company ("SAMC"), Castlerigg International Limited, a British Virgin Islands company ("CIL"), Castlerigg International Holdings Limited, a British Virgin Islands company ("CIHL"), and Thomas E. Sandell, a citizen of Sweden ("Sandell" and, collectively with CMI, SAMC, CIL and CIHL, the "Sandell Filing Persons" and, together with the Trian Filing Persons, the "Filing Persons"), relating to the common stock, par value $.25 per share (the "Shares"), of H. J. Heinz Company, a Pennsylvania corporation (the "Issuer"). ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Paragraphs (a), (b) and (c) of Item 5 of the Schedule 13D are hereby amended and restated as follows: (a) As of 4:00pm New York City time on December 1, 2006, the Filing Persons beneficially owned, in the aggregate, 18,595,000 Shares, representing approximately 5.6% of the Issuer's outstanding Shares (based upon the 329,483,534 Shares stated by the Issuer to be outstanding as of November 1, 2006 in the Issuer's Quarterly Report on Form 10-Q filed on November 30, 2006). (b) Each of Trian Onshore, Trian Offshore, Trian Offshore (Non-ERISA), Trian SPV, Parallel Fund I and Parallel Fund II beneficially and directly owns and has sole voting power and sole dispositive power with regard to 1,376,787, 5,259,406, 307,739, 5,483,130, 255,560 and 57,884 Shares, respectively, except to the extent that other Filing Persons as described below may be deemed to have shared voting power and shared dispositive power with regard to such Shares. Beneficial ownership of 473,094 Shares that are directly held in the Separate Account is further described below. Each of Trian GP, Trian GP LLC, Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden, by virtue of their relationships to Trian Onshore, Trian Offshore, Trian Offshore (Non-ERISA) and Trian SPV (discussed in Item 2), may be deemed to have shared voting power and shared dispositive power with regard to, and therefore may be SCHEDULE 13D CUSIP No. 423074103 Page 24 of 27 Pages - -------------------------------------------------------------------------------- deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act), the Shares that Trian Onshore, Trian Offshore, Trian Offshore (Non-ERISA) and Trian SPV directly and beneficially own. Each of Trian GP, Trian GP LLC, Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden disclaims beneficial ownership of such Shares for all other purposes. Each of Parallel Fund I GP LLC, Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden, by virtue of their relationships to Parallel Fund I (discussed in Item 2), may be deemed to have shared voting power and shared dispositive power with regard to, and therefore may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act), the Shares that Parallel Fund I directly and beneficially owns. Each of Parallel Fund I GP LLC, Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden disclaims beneficial ownership of such Shares for all other purposes. Each of Parallel Fund II GP LLC, Parallel Fund II GP, Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden, by virtue of their relationships to Parallel Fund II (discussed in Item 2), may be deemed to have shared voting power and shared dispositive power with regard to, and therefore may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act), the Shares that Parallel Fund II directly and beneficially owns. Each of Parallel Fund II GP LLC, Parallel Fund II GP, Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden disclaims beneficial ownership of such Shares for all other purposes. Each of Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden, by virtue of their relationships to the Separate Account (discussed in Item 2), may be deemed to have shared voting power and shared dispositive power with regard to, and therefore may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act), the Shares that are directly held in the Separate Account. Each of Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden disclaims beneficial ownership of such Shares for all other purposes. CMI beneficially and directly owns and has sole voting power and sole dispositive power with regard to 5,381,400 Shares except to the extent that other Filing Persons as described below may be deemed to have shared voting power and shared dispositive power with regard to such Shares. Each of CIL, CIHL, SAMC and Sandell, by virtue of their relationships to CMI (discussed in Item 2), and each of Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden, by virtue of the Sandell Agreement (discussed in Items 2 and 6), may be deemed to have shared voting power and shared dispositive power with regard to, and therefore may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act), the Shares that CMI directly and beneficially owns. Each of SAMC, Sandell, Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden disclaims beneficial ownership of such Shares for all other purposes. (c) There have been no transactions in the Shares effected by the Filing Persons in the past 60 days. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH RESPECT TO SECURITIES OF THE ISSUER SCHEDULE 13D CUSIP No. 423074103 Page 25 of 27 Pages - -------------------------------------------------------------------------------- Item 6 of the Schedule 13D is hereby amended by the addition of the following immediately following the second paragraph thereof: On December 1, 2006, Trian Management and SAMC entered into Amendment No. 2 ("Amendment No. 2") to the Sandell Agreement, as previously amended by Amendment No. 1, pursuant to which (a) from and after December 1, 2006, one-third of the Shares held by the Sandell Filing Persons as of December 1, 2006 (the "One-Third Stake") are no longer subject to Section 1, which provides in part that Trian Management has final approval with respect to the timing, amounts, and prices of purchases and sales of Shares and that all Shares acquired and sold in accordance with the Sandell Agreement will be allocated on a pro rata basis to the Sandell Filing Persons and the Trian Filing Persons, with the remaining two-thirds of the Shares held by the Sandell Filing Persons as of December 1, 2006 (the "Two-Thirds Stake") no longer subject to Section 1 as of the earlier of September 1, 2007 or the conclusion of the next annual meeting of the Issuer's shareholders (such earlier date the "2007 Date") and (b) subject to the procedures and limitations set forth in Amendment No. 2, (i) SAMC granted to Trian Management certain rights of first refusal and rights of first offer in the event that, with respect to the One-Third Stake, on or after December 1, 2006 or, with respect to the Two-Thirds Stake, on or after the 2007 Date, SAMC elects to transfer any of the applicable Shares that any Sandell Filing Person beneficially owns and (ii) each of Trian Management and SAMC granted to one another certain tag-along rights in the event that Trian Management or SAMC elects to transfer at least 500,000 Shares held by any Trian Filing Person or Sandell Filing Person, respectively, in one or more related private sale transactions with an unaffiliated third party. Amendment No. 2 further provides that the Sandell Agreement will terminate at the time that either the Trian Filing Persons or the Sandell Filing Persons no longer beneficially own any Shares. The foregoing descriptions of certain provisions of the Sandell Agreement, Amendment No. 1 and Amendment No. 2 are summaries only and are qualified in their entirety by reference to the actual documents, copies of which are filed as Exhibits 2, 6 and 8, respectively, to the Schedule 13D and incorporated herein by reference. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Item 7 of the Schedule 13D is hereby amended and restated as follows: 1. Joint Filing Agreement of the Filing Persons (previously filed). 2. Agreement dated February 7, 2006 by and among Sandell Asset Management Corp. and Trian Fund Management, L.P. (previously filed). 3. Amended and Restated Limited Partnership Agreement of Trian SPV (SUB) I, L.P., dated as of March 1, 2006 (previously filed). 4. Powers of Attorney (previously filed). SCHEDULE 13D CUSIP No. 423074103 Page 26 of 27 Pages - -------------------------------------------------------------------------------- 5. Position Paper of Trian Fund Management, L.P. and Sandell Asset Management Corp., dated May 22, 2006 (previously filed). 6. Amendment No. 1, dated September 15, 2006, to the Agreement dated February 7, 2006 by and among Sandell Asset Management Corp. and Trian Fund Management, L.P. (previously filed). 7. Letter Agreement among Trian Fund Management, L.P., Sandell Asset Management Corp. and Bear, Stearns & Co. Inc. (previously filed). 8. Amendment No. 2, dated December 1, 2006, to the Agreement dated February 7, 2006 by and among Sandell Asset Management Corp. and Trian Fund Management, L.P., as previously amended by Amendment No. 1 dated September 15, 2006. SCHEDULE 13D CUSIP No. 423074103 Page 27 of 27 Pages SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: December 4, 2006 TRIAN PARTNERS GP, L.P. By: Trian Partners General Partner, LLC, its general partner /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS GENERAL PARTNER, LLC /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS, L.P. Trian Partners GP, L.P., its general partner By: Trian Partners General Partner, LLC, its general partner /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS MASTER FUND, L.P. By: Trian Partners GP, L.P., its general partner By: Trian Partners General Partner, LLC, its general partner /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member [Signature Page of Schedule 13D/A3 - H. J. Heinz Company] TRIAN PARTNERS MASTER FUND (NON-ERISA), L.P. By: Trian Partners GP, L.P., its general partner By: Trian Partners General Partner, LLC, its general partner /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member TRIAN SPV (SUB) I, L.P. By: Trian Partners GP, L.P., its general partner By: Trian Partners General Partner, LLC, its general partner /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS PARALLEL FUND I, L.P. By: Trian Partners Parallel Fund I General Partner, LLC, its general partner /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS PARALLEL FUND I GENERAL PARTNER, LLC /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member [Signature Page of Schedule 13D/A3 - H. J. Heinz Company] TRIAN PARTNERS PARALLEL FUND II, L.P. By: Trian Partners Parallel Fund II GP, L.P., its general partner By: Trian Partners Parallel Fund II General Partner, LLC, its general partner /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS PARALLEL FUND II GP, L.P. By: Trian Partners Parallel Fund II General Partner, LLC, its general partner /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS PARALLEL FUND II GENERAL PARTNER, LLC /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member [Signature Page of Schedule 13D/A3 - H. J. Heinz Company] TRIAN FUND MANAGEMENT, L.P. By: Trian Fund Management GP, LLC, its general partner /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member TRIAN FUND MANAGEMENT GP, LLC /s/ Edward P. Garden By: ---------------------------------------- Name: Edward P. Garden Title: Member /s/ Nelson Peltz --------------------------------------------- NELSON PELTZ /s/ Peter W. May --------------------------------------------- PETER W. MAY /s/ Edward P. Garden --------------------------------------------- EDWARD P. GARDEN [Signature Page of Schedule 13D/A3 - H. J. Heinz Company] CASTLERIGG MASTER INVESTMENTS LTD. BY: SANDELL ASSET MANAGEMENT CORP., AS INVESTMENT MANAGER /s/ Thomas E. Sandell By: ---------------------------------------- Name: Thomas E. Sandell Title: Chief Executive Officer SANDELL ASSET MANAGEMENT CORP. /s/ Thomas E. Sandell By: ---------------------------------------- Name: Thomas E. Sandell Title: Chief Executive Officer CASTLERIGG INTERNATIONAL LIMITED BY: SANDELL ASSET MANAGEMENT CORP., ----------------------------------------- AS INVESTMENT MANAGER /s/ Thomas E. Sandell By: ---------------------------------------- Name: Thomas E. Sandell Title: Chief Executive Officer CASTLERIGG INTERNATIONAL HOLDINGS LIMITED BY: SANDELL ASSET MANAGEMENT CORP., AS INVESTMENT MANAGER /s/ Thomas E. Sandell By: ---------------------------------------- Name: Thomas E. Sandell Title: Chief Executive Officer /s/ Thomas E. Sandell --------------------------------------------- THOMAS E. SANDELL [Signature Page of Schedule 13D/A3 - H. J. Heinz Company] EX-99 2 exhibit.txt AMENDMENT NO. 2 TO AGREEMENT EXECUTION COPY AMENDMENT NO. 2 TO AGREEMENT Reference is made to the Agreement made the 7th day of February, 2006, as amended by Amendment No. 1 to the Agreement made as of the 15th day of September, 2006 (the "Agreement"), by and among Sandell Asset Management Corp. ("Sandell"), 40 West 57th Street, New York, NY 10019, and Trian Fund Management, L.P. ("Trian"), 280 Park Avenue, 41st Floor, New York, NY 10017, with respect to H. J. Heinz Company, a Pennsylvania corporation. The parties hereto desire to amend the Agreement pursuant to this Amendment No. 2, made as of the 1st day of December, 2006 (this "Amendment"). Capitalized terms used and not defined herein shall have the meanings ascribed thereto in the Agreement. The parties hereto agree as follows: 1. AMENDMENTS. ---------- (a) The following Section 7 is hereby added to the Agreement: "7. RIGHT OF FIRST OFFER/REFUSAL. (a) In the event that, on or after the date hereof, in the case of the One-Third Stake, and on or after the 2007 Date, in the case of any Securities beneficially owned by the Sandell Funds as of the 2007 Date (as applicable, the "Subject Securities"), Sandell decides to sell or otherwise dispose of ("Transfer") all or any of the Subject Securities, Sandell shall promptly so notify Trian in writing (the "Offer Notice"), including therein the number of Subject Securities proposed to be Transferred. If Sandell has received a bona fide third party offer (an "Offer") to purchase the Subject Securities and is proposing to Transfer the Subject Securities pursuant to such Offer, the terms and conditions of such Offer, including price per share (the "Offer Price"), shall be set forth in the Offer Notice. In the case where no Offer exists, the Offer Notice shall state the closing price per share on the day the Offer Notice is delivered (the "Market Price"). The Offer Notice shall be delivered on any business day not later than 4:30 p.m., New York City time. Trian shall have until noon, New York City time, on the business day following the day the Offer Notice is delivered to deliver to Sandell written notice (the "Exercise Notice") of exercise of its right to purchase, through the Trian Funds, all or a portion of the Subject Securities described in the Offer Notice. (b) If Trian shall have timely delivered to Sandell an Exercise Notice with respect to all or a portion of the Subject Securities, then Trian and Sandell shall, within three business days after delivery of the Exercise Notice, consummate the transaction with respect to such Subject Securities at a price per share equal to (i) in the case where an Offer exists, the Offer Price, or (ii) in the case where no Offer exists, the Market Price. (c) Notwithstanding the foregoing, if Trian or any of the Trian Funds are restricted from purchasing all or a portion of the Subject Securities identified in the Exercise Notice ("Restricted Securities") due to regulatory restrictions, Trian shall identify such restrictions in the Exercise Notice and the parties agree to execute a purchase agreement with respect to such Restricted Securities within three business days after delivery of the Exercise Notice (such date of execution, the "Signing Date"). The purchase price per share shall be determined in accordance with Section 7(b) above and the only condition to Trian's obligation to purchase such Restricted Securities shall be obtaining the necessary regulatory approval. Trian will seek to obtain such approval, including making all necessary filings and taking any other required actions in connection therewith, as expeditiously as possible. Upon the earliest of (i) the consummation of the acquisition of such Restricted Securities, (ii) the determination by Trian that it cannot acquire the Restricted Securities due to its inability to obtain the required regulatory approval and (iii) the expiration of a 35-day period beginning on the Signing Date (such earliest date, the "Payment Date"), Trian shall pay Sandell an interest amount with respect to the purchase price (or deemed purchase price had the sale been consummated) at the Federal funds rate plus 0.25% for the period beginning three business days after delivery of the Exercise Notice and ending on the Payment Date. (d) If Sandell shall not receive a timely Exercise Notice from Trian, or if Trian exercises its right under clause (a) above only with respect to a portion of the Subject Securities referred to in the Offer Notice, then, subject to clause (e) below, the Sandell Funds shall have the right to Transfer the Subject Securities as to which Trian has not exercised its right at such times and for such purchase price as Sandell, in its sole discretion, shall determine. (e) If, with respect to any Subject Securities not elected to be purchased by the Trian Funds pursuant to clause (a) above, Sandell shall fail to close the Transfer of such Subject Securities as permitted above within 30 days following receipt of an Exercise Notice or, if no Exercise Notice is delivered, 30 days following the expiration of the time period referred to in clause (a) above within which an Exercise Notice could have timely been delivered, then Sandell shall not be permitted to Transfer any of such Subject Securities without again first following the procedures set forth in this Section 7. (f) Sandell acknowledges, on behalf of itself and the Sandell Funds, that Trian may now or hereafter possess or have access to material non-public information concerning the Company that has not been communicated to Sandell and that may or may not be known by Sandell now or at the time of any transaction contemplated by this Section 7. Sandell represents that it has such knowledge, sophistication and experience in business and financial matters (including with respect to the trading in securities of public companies) so as to be capable of evaluating the merits and risks of the transactions contemplated by this Section 7, and that it understands the disadvantage to which it may be subject on account of the disparity of information as between it and Trian. Sandell acknowledges that none of Trian, the Trian Funds or any of their affiliates has made any representation or warranty concerning the Company or its condition (financial or otherwise), results of operations, business or prospects, and that it is not relying on any representation or warranty with respect to the Company or the transactions contemplated by this Section 7 except for those specifically set forth in this Section 7. In addition, Sandell acknowledges that Trian is and will be relying upon the truth of Sandell's representations, warranties and acknowledgments contained in this Section 7 in engaging in the transactions contemplated by this Section 7 and that Trian would not engage in such transactions or agree to the provisions set forth in this Section 7 in the absence of such representations, warranties and acknowledgments. Sandell, on behalf of itself, the Sandell Funds and their affiliates, hereby expressly releases Trian, the Trian Funds and their affiliates from any and all liabilities arising from, waives any and all claims it may have or hereafter acquire against Trian, the Trian Funds or any of their affiliates (including pursuant to Rule 10b-5 under the Securities Exchange Act of 1934, as amended) with respect to, and agrees not to bring any suit, action or proceeding against Trian, the Trian Funds or any of their affiliates in connection with, Trian, the Trian Funds or any of their affiliates' failure to disclose any such material non-public information to Sandell or the Sandell Funds and otherwise in respect of the transactions contemplated by this Section 7. (g) All notices described in this Section 7 or in Section 8 below must be delivered by facsimile and email, if to Trian, to both Chad Fauser (212-451-3256, CFAUSER@TRIANPARTNERS.COM) and the General Counsel of Trian (212-451-3134, SROSEN@TRIANPARTNERS.COM), with a copy to Greg Essner (212-451-3216, GESSNER@TRIANPARTNERS.COM), and if to Sandell, to Tom Sandell (212-603-5710, ETS@SANDELLMGMT.COM), with a copy to Robert Forman, Esq. (212-557-1275, FORMAN@SFA-LAW.COM). (h) All share numbers referenced in this Section 7 and Section 8 below shall be appropriately adjusted in the event of any split, reverse split, combination of shares, reclassification, recapitalization or similar event relating to the Company's common stock. (i) The provisions of this Section 7 shall no longer apply following such time as the Trian Funds shall have sold, since the date hereof, Securities representing at least 500,000 shares of the Company's common stock." (b) The following Section 8 is hereby added to the Agreement: "8. TAG-A-LONG RIGHTS. (a) In the event that Trian or Sandell (the "Selling Party") desires, in one or a series of related private transactions, to sell, transfer, assign or convey to a non-Affiliate Person ("Purchaser"), Securities held by the Trian Funds or the Sandell Funds, as applicable, representing at least 500,000 shares of the Company's common stock, pursuant to a bona fide offer from such Purchaser (the "Sale Offer"), the Selling Party shall give written notice (the "Tag-A-Long Notice") of such offer to the other party (the "Tagging Party") setting forth the Purchaser's name (provided the Selling Party is not restricted from doing so), the amount of Securities proposed to be sold by the Selling Party, the terms on which such Securities are to be sold (including price and form of consideration) and the time period within which a response from the Tagging Party is required with respect to such Sale Offer (which shall not be less than one business day from delivery of such notice, as determined by the Selling Party in its sole discretion). (b) The Tagging Party shall have the right to participate on a pro-rata basis in the contemplated Sale Offer upon written notice to the Selling Party within the time period prescribed in the Tag-A-Long Notice. The Tagging Party's pro rata allocation shall be based upon the amount of Securities held by the Tagging Party (including the Trian Funds or the Sandell Funds, as applicable) as a percentage of the aggregate number of Securities held by the Trian Funds and the Sandell Funds, in each case as of the date the Tag-A-Long Notice is delivered. The amount of Securities sold by the Selling Party pursuant to the Sale Offer shall be reduced by the amount of Securities, if any, elected to be sold by the Tagging Party pursuant to this Section 8. (c) In the event that, prior to consummating the Sale Offer, the Selling Party receives a new sale offer with terms and conditions more favorable to it than the Sale Offer (the "Updated Offer"), the Selling Party shall be required to again first follow the procedures set forth in this Section 8 with respect to the Updated Offer prior to consummating such sale." (c) The provisions of Section 5 of the Agreement are hereby deleted and replaced in their entirety with the following: "From and after December 1, 2006, Section 1 of this Agreement shall no longer be effective with respect to one-third of the Securities beneficially owned by the Sandell Funds as of the date hereof, which Sandell represents is 1,793,800 shares of common stock of the Company (the "One-Third Stake"). From and after the earlier of September 1, 2007 and the conclusion of the next annual meeting of the Company's shareholders (including any adjournments or postponements thereof) (such date, the "2007 Date"), Section 1 of this Agreement shall no longer be effective with respect to the other two-thirds of the Securities beneficially owned by the Sandell Funds as of the date hereof, which Sandell represents is 3,587,600 shares of common stock of the Company. In any event, this Agreement shall terminate upon the earlier of the Trian Funds or the Sandell Funds no longer beneficially owning any Securities; PROVIDED, HOWEVER, that the provisions set forth in Sections 3 and 4 hereof and the governing law provisions set forth in Section 6(a) hereof shall survive any termination of this Agreement." 2. MISCELLANEOUS. (a) Except as described in Section 1 above or in the agreement executed and delivered on September 15, 2006 among Bear, Stearns & Co. Inc., Trian and Sandell, the terms and provisions of the Agreement shall remain in full force and effect. (b) This Amendment may be executed in counterparts. IN WITNESS WHEREOF, the undersigned have entered into this Amendment as of the day and year first above written. TRIAN FUND MANAGEMENT, L.P. SANDELL ASSET MANAGEMENT CORP. By: Trian Fund Management GP, LLC, its General Partner By: /s/ Edward P. Garden By: /s/ Thomas E. Sandell ------------------------------ ---------------------------------- Name: Edward P. Garden Name: Thomas E. Sandell Title: Member Title: Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----