-----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, WKRAh9EbJu+KySNumKfvNs1YCbgc9WpUK+cpbzTTHkjW7taXauSKLqQUhJov8tyh wmVsOOWchWeW5Y6y3Wli2g== 0000909518-08-000063.txt : 20080122 0000909518-08-000063.hdr.sgml : 20080121 20080122171850 ACCESSION NUMBER: 0000909518-08-000063 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20080122 DATE AS OF CHANGE: 20080122 GROUP MEMBERS: BALDWIN ENTERPRISES, INC. GROUP MEMBERS: JEFFREY M. SOLOMON GROUP MEMBERS: LEUCADIA NATIONAL CORPORATION GROUP MEMBERS: MORGAN B. STARK GROUP MEMBERS: PETER A. COHEN GROUP MEMBERS: PHLCORP, INC. GROUP MEMBERS: RAMIUS ADVISORS, LLC GROUP MEMBERS: RAMIUS CAPITAL GROUP, LLC GROUP MEMBERS: RCG BALDWIN, LP GROUP MEMBERS: RCG ENTERPRISE, LTD GROUP MEMBERS: RCG PB, LTD GROUP MEMBERS: RCG SEXTANT MASTER FUND, LTD. GROUP MEMBERS: THOMAS W. STRAUSS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICREDIT CORP CENTRAL INDEX KEY: 0000804269 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 752291093 STATE OF INCORPORATION: TX FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-40781 FILM NUMBER: 08542699 BUSINESS ADDRESS: STREET 1: 801 CHERRY STREET STREET 2: SUITE 3900 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173027000 MAIL ADDRESS: STREET 1: 801 CHERRY ST STREET 2: SUITE 3900 CITY: FORT WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: URCARCO INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEUCADIA NATIONAL CORP CENTRAL INDEX KEY: 0000096223 STANDARD INDUSTRIAL CLASSIFICATION: LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400] IRS NUMBER: 132615557 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 315 PARK AVE S CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2124601900 MAIL ADDRESS: STREET 1: 315 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: TALCOTT NATIONAL CORP DATE OF NAME CHANGE: 19800603 SC 13D 1 mm01-2208_sc13d.txt ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. __) AmeriCredit Corp. ------------------------------------------------------------------------------ (Name of Issuer) Common Stock, $0.01 par value ------------------------------------------------------------------------------ (Title of class of securities) 03060R101 ------------------------------------------------------------------------------ (CUSIP number) JOSEPH A. ORLANDO VICE PRESIDENT AND CHIEF FINANCIAL OFFICER LEUCADIA NATIONAL CORPORATION 315 PARK AVENUE SOUTH NEW YORK, NEW YORK 10010 WITH A COPY TO: ANDREA A. BERNSTEIN, ESQ. WEIL, GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK 10153 ------------------------------------------------------------------------------ (Name, address and telephone number of person authorized to receive notices and communications) January 10, 2008 ------------------------------------------------------------------------------ (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. ================================================================================
- ------------------------------------------------- ------------------------------- CUSIP No. 03060R101 13D Page 2 - ------------------------------------------------- ------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: Leucadia National Corporation - ------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [_] - ------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS: N/A - ------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: -0- -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: 20,159,300* SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: -0- EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 20,159,300* - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 20,159,300* REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 17.7%* (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: CO - ------------------------------------------------------------------------------------------ * Includes (A) 11,316,200 shares of common stock, representing approximately 9.9% of the common stock outstanding as of October 31, 2007, that, for purposes of this Statement on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of a share forward transaction agreement between Baldwin Enterprises, Inc. and Jefferies & Company, Inc., and (B) an aggregate of 3,250,000 shares of common stock, representing approximately 2.8% of the common stock outstanding as of October 31, 2007, that, for purposes of this Statement on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of option agreements between RCG Baldwin, L.P. and Lehman Brothers OTC Derivatives Inc. See Item 6 of this Statement on Schedule 13D for a description of the share forward transaction and the option transactions. - ------------------------------------------------- ------------------------------- CUSIP No. 03060R101 13D Page 3 - ------------------------------------------------- ------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: Phlcorp, Inc. - ------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [_] - ------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS: N/A - ------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Pennsylvania - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: -0- -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: 20,159,300* SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: -0- EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 20,159,300* - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 20,159,300* REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 17.7%* (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: CO - ------------------------------------------------------------------------------------------ * Includes (A) 11,316,200 shares of common stock, representing approximately 9.9% of the common stock outstanding as of October 31, 2007, that, for purposes of this Statement on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of a share forward transaction agreement between Baldwin Enterprises, Inc. and Jefferies & Company, Inc., and (B) an aggregate of 3,250,000 shares of common stock, representing approximately 2.8% of the common stock outstanding as of October 31, 2007, that, for purposes of this Statement on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of option agreements between RCG Baldwin, L.P. and Lehman Brothers OTC Derivatives Inc. See Item 6 of this Statement on Schedule 13D for a description of the share forward transaction and the option transactions. - ------------------------------------------------- ------------------------------- CUSIP No. 03060R101 13D Page 4 - ------------------------------------------------- ------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: Baldwin Enterprises, Inc. - ------------------------------------------------------------------------------------------ 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 ITEM 2(d) OR 2(e): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Colorado - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: -0- -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: 20,159,300* SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: -0- EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 20,159,300* - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 20,159,300* REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 17.7%* (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: CO - ------------------------------------------------------------------------------------------ * Includes (A) 11,316,200 shares of common stock, representing approximately 9.9% of the common stock outstanding as of October 31, 2007, that, for purposes of this Statement on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of a share forward transaction agreement between Baldwin Enterprises, Inc. and Jefferies & Company, Inc., and (B) an aggregate of 3,250,000 shares of common stock, representing approximately 2.8% of the common stock outstanding as of October 31, 2007, that, for purposes of this Statement on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of option agreements between RCG Baldwin, L.P. and Lehman Brothers OTC Derivatives Inc. See Item 6 of this Statement on Schedule 13D for a description of the share forward transaction and the option transactions. - ------------------------------------------------- ------------------------------- CUSIP No. 03060R101 13D Page 5 - ------------------------------------------------- ------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: RCG Baldwin, L.P. - ------------------------------------------------------------------------------------------ 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 ITEM 2(d) OR 2(e): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: -0- -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: 3,250,000* SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: -0- EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,250,000* - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 3,250,000* REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.8%* (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: PN - ------------------------------------------------------------------------------------------ * Consists of an aggregate of 3,250,000 shares of common stock, representing approximately 2.8% of the common stock outstanding as of October 31, 2007, that, for purposes of this Statement on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of option agreements between RCG Baldwin, L.P. and Lehman Brothers OTC Derivatives Inc. See Item 6 of this Statement on Schedule 13D for a description of the option transactions. - -------------------------------------------- ------------------------------------- CUSIP No. 03060R101 13D Page 6 - -------------------------------------------- ------------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: RCG PB, Ltd - ------------------------------------------------------------------------------------------ 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 ITEM 2(d) OR 2(e): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: 256,250 -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: -0- SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: 256,250 EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 256,250 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW Less than 1% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: CO - ------------------------------------------------------------------------------------------ - -------------------------------------------- ------------------------------------- CUSIP No. 03060R101 13D Page 7 - -------------------------------------------- ------------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: RCG Sextant Master Fund, Ltd. - ------------------------------------------------------------------------------------------ 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 ITEM 2(d) OR 2(e): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: 697,240 -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: -0- SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: 697,240 EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 697,240 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW Less than 1% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: CO - ------------------------------------------------------------------------------------------ - -------------------------------------------- ------------------------------------- CUSIP No. 03060R101 13D Page 8 - -------------------------------------------- ------------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: Ramius Advisors, L.L.C. - ------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [_] - ------------------------------------------------------------------------------------------ 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): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: 256,250 -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: -0- SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: 256,250 EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 256,250 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW Less than 1% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: IA, OO - ------------------------------------------------------------------------------------------ - -------------------------------------------- ------------------------------------- CUSIP No. 03060R101 13D Page 9 - -------------------------------------------- ------------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: RCG Enterprise, Ltd - ------------------------------------------------------------------------------------------ 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 ITEM 2(d) OR 2(e): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: 1,046,510 -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: -0- SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: 1,046,510 EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 1,046,510 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW Less than 1% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: CO - ------------------------------------------------------------------------------------------ - -------------------------------------------- ------------------------------------- CUSIP No. 03060R101 13D Page 10 - -------------------------------------------- ------------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: Ramius Capital Group, L.L.C. - ------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [_] - ------------------------------------------------------------------------------------------ 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): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: 2,000,000 -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: -0- SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: 2,000,000 EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: IA, OO - ------------------------------------------------------------------------------------------ - -------------------------------------------- ------------------------------------- CUSIP No. 03060R101 13D Page 11 - -------------------------------------------- ------------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: C4S & Co., L.L.C. - ------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [_] - ------------------------------------------------------------------------------------------ 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): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: 2,000,000 -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: -0- SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: 2,000,000 EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: OO - ------------------------------------------------------------------------------------------ - -------------------------------------------- ------------------------------------- CUSIP No. 03060R101 13D Page 12 - -------------------------------------------- ------------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: Peter A. Cohen - ------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [_] - ------------------------------------------------------------------------------------------ 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): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: -0- -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: 2,000,000 SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: -0- EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,000,000 - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: IN - ------------------------------------------------------------------------------------------ - -------------------------------------------- ------------------------------------- CUSIP No. 03060R101 13D Page 13 - -------------------------------------------- ------------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: Morgan B. Stark - ------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [_] - ------------------------------------------------------------------------------------------ 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): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: -0- -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: 2,000,000 SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: -0- EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,000,000 - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: IN - ------------------------------------------------------------------------------------------ - -------------------------------------------- ------------------------------------- CUSIP No. 03060R101 13D Page 14 - -------------------------------------------- ------------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: Thomas W. Strauss - ------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [_] - ------------------------------------------------------------------------------------------ 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): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: -0- -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: 2,000,000 SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: -0- EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,000,000 - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: IN - ------------------------------------------------------------------------------------------ - ------------------------------------------------- ------------------------------- CUSIP No. 03060R101 13D Page 15 - ------------------------------------------------- ------------------------------- - ------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON: Jeffrey M. Solomon - ------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [_] - ------------------------------------------------------------------------------------------ 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): [_] - ------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA - ------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER: -0- -------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER: 2,000,000 SHARES BENEFICIALLY -------------------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER: -0- EACH REPORTING -------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,000,000 - ------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000 REPORTING PERSON: - ------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES: - ------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8% (11): - ------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON: IN - ------------------------------------------------------------------------------------------
ITEM 1. SECURITY AND ISSUER The title and class of equity security to which this Statement on Schedule 13D relates is the common stock, $0.01 par value per share (the "Common Stock"), of AmeriCredit Corp., a Texas corporation (the "Company"). The address of the principal executive office of the Company is 801 Cherry Street, Suite 3900, Fort Worth, Texas 76102. ITEM 2. IDENTITY AND BACKGROUND. This Statement on Schedule 13D is filed by the Leucadia Reporting Persons and the Ramius Reporting Persons (each as defined below). The Leucadia Reporting Persons and the Ramius Reporting Persons are sometimes herein referred to collectively as the "Reporting Persons," and each as a "Reporting Person." The Leucadia Reporting Persons and the Ramius Reporting Persons each expressly disclaim beneficial ownership for all purposes of the Common Stock held by the others. The Reporting Persons have filed this statement solely because they may be deemed to be a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Each of the Leucadia Reporting Persons and the Ramius Reporting Persons are solely responsible for the information contained in this Statement on Schedule 13D relating to such Reporting Person. Neither the Leucadia Reporting Persons nor the Ramius Reporting Persons assume any responsibility for information contained herein with respect to the other Reporting Person. (1) The Leucadia Reporting Persons. (a) - (c) and (f) The Leucadia Reporting Persons are Leucadia National Corporation ("Leucadia"), Phlcorp, Inc. ("Phlcorp"), Baldwin Enterprises, Inc. ("Baldwin") and RCG Baldwin, L.P. ("RCG Baldwin"). Leucadia is a New York corporation with its principal office at 315 Park Avenue South, New York, New York 10010. Leucadia is a diversified holding company engaged in a variety of businesses, including manufacturing, telecommunications, property management and services, gaming entertainment, real estate activities, medical product development and winery operations. The Company also owns equity interests in operating businesses and investment partnerships which are accounted for under the equity method of accounting, including a broker-dealer engaged in the trading of high yield and special situation securities, land based contract oil and gas drilling, real estate activities and development of a copper mine in Spain. Approximately 25.1% of the common shares of Leucadia outstanding at December 31, 2007 (including shares issuable pursuant to currently exercisable warrants) are beneficially owned (directly and through family members and family trusts) by Ian M. Cumming, Chairman of the Board of Directors of Leucadia, and Joseph S. Steinberg, a director and President of Leucadia. Charitable foundations independently established by each of Messrs. Cumming and Steinberg each beneficially own less than one percent of the outstanding common shares of Leucadia. Mr. Cumming and Mr. Steinberg each disclaim beneficial ownership of the common shares of Leucadia held by their respective charitable foundations. Mr. Cumming and Mr. Steinberg have an oral agreement pursuant to which they will consult with each other as to the election of a mutually acceptable Board of Directors of Leucadia. 16 Phlcorp is a Pennsylvania corporation with its principal office at 529 East South Temple, Salt Lake City, Utah 84102. Phlcorp is a holding company through which Leucadia conducts certain of its operations. All of its outstanding shares are owned by Leucadia. Baldwin is a Colorado corporation with its principal office at 529 East South Temple, Salt Lake City, Utah 84102. Baldwin is a holding company through which Leucadia conducts certain of its operations. All of its outstanding shares are owned by Phlcorp. RCG Baldwin is a Delaware limited partnership whose principal business is making investments utilizing various strategies. The principal office of RCG Baldwin is c/o Ramius Capital, 666 Third Avenue, 26th Floor, New York, New York 10017. The name, business address, present principal occupation or employment, and citizenship of each director and executive officer of each Leucadia Reporting Person is set forth on Schedule A hereto. (d) - (e) During the last five years none of the Leucadia Reporting Persons, nor, to their knowledge, any of their directors or executive officers, has been (i) convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) 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. (2) The Ramius Reporting Persons. (a) - (c) and (f) The Ramius Reporting Persons are RCG PB, Ltd. ("RCG PB"), RCG Sextant Master Fund, Ltd. ("RCG Sextant"), Ramius Advisors, L.L.C. ("Ramius Advisors"), RCG Enterprise, Ltd. ("RCG Enterprise"), Ramius Capital Group, L.L.C. ("Ramius Capital"), C4S & Co., L.L.C. ("C4S"), Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss and Jeffrey M. Solomon. RCG PB and RCG Sextant are Cayman Islands exempted companies whose principal business is making investments utilizing various strategies. Ramius Advisors is a Delaware limited liability company whose principal business is money management and investment advisory services for third parties and proprietary accounts and serves as the investment advisor of RCG PB. RCG Enterprise is a Cayman Islands exempted company whose principal business is serving as a private investment fund. Ramius Capital is a Delaware limited liability company whose principal business is money management and investment advisory services for third parties and proprietary accounts and is the investment manager of RCG Enterprise and RCG Sextant and the sole member of Ramius Advisors. C4S is a Delaware limited liability company which serves as managing member of Ramius Capital. Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon each serves as co-managing member of C4S and each is a citizen of the United States of America. The principal office of each Ramius Reporting Person, except RCG Enterprise, RCG PB and RCG Sextant, is c/o Ramius Capital, 666 Third Avenue, 26th Floor, New York, New York 10017. The address of the principal office of each of RCG Enterprise, RCG PB and RCG Sextant is c/o Citco Fund Services (Cayman Islands) Limited, Corporate Center, West Bay Road, Grand Cayman, Cayman Islands, British West Indies. 17 The name, business address, present principal occupation or employment, and citizenship of each director and executive officer of each Ramius Reporting Person is set forth on Schedule B hereto. (d) - (e) During the last five years none of the Ramius Reporting Persons, nor, to their knowledge, any of their directors or executive officers, has been (i) convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) 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. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. (1) The Leucadia Reporting Persons. The aggregate amount of funds used by Baldwin to purchase the 5,593,100 shares of Common Stock reported herein by the Leucadia Reporting Persons was $70,094,432, including commissions. All purchases of these shares of Common Stock were made in open market transactions. In addition, Baldwin paid $72,989,490 to Jefferies & Company, Inc. ("Jefferies") as a prepayment under the share forward transaction described in Item 6 of this Statement on Schedule 13D and incorporated herein by reference. Baldwin will pay Jefferies the balance of the purchase price under the share forward transaction ($72,989,490) on February 25, 2008 in settlement of the share forward transaction. RCG Baldwin paid $12,675,000 to Lehman Brothers OTC Derivatives Inc. ("Lehman") as a fee under option agreements described in Item 6 of this Schedule 13D and incorporated herein by reference. RCG Baldwin will pay $29,250,000 to Lehman on March 14, 2008 should Baldwin choose to exercise the options described in Item 6 of this Statement on Schedule 13D. The source of funds used in connection with the purchase of these shares of Common Stock and these option agreements is Baldwin's funds available for investment. The information on Schedule A hereto is incorporated by reference. (2) The Ramius Reporting Persons. The aggregate amount of funds used by the Ramius Reporting Persons to purchase the 2,000,000 shares of Common Stock reported herein by the Ramius Reporting Persons was $23,636,388, excluding commissions. All purchases of Common Stock by the Ramius Reporting Persons were made in open market transactions. All such purchases of Common Stock were funded by working capital, which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business. ITEM 4. PURPOSE OF TRANSACTION. The Reporting Persons acquired the shares of Common Stock reported herein to acquire a significant minority interest in the Company. The Reporting Persons will consider increasing their stake in the Company through open market purchases or otherwise, depending on the Company's business prospects, prevailing prices and market conditions from time to time. Leucadia and the Company's President and Chairman have been discussing a "standstill" agreement dealing with subject matters customarily covered in an agreement with a significant minority shareholder. 18 No assurance can be given that a standstill agreement will be entered into, as to the terms of any such standstill, or that the Reporting Persons would acquire additional shares of Common Stock even if a standstill agreement is reached. The Reporting Persons may also dispose of securities of the Company at any time and from time to time. On January 4, 2008, in connection with its acquisition of Common Stock, Leucadia filed the notification required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act") with the Federal Trade Commission and the Antitrust Division of the United States Department of Justice. On January 17, 2008, Leucadia requested early termination of the waiting period under the HSR Act. The waiting period is expected to expire on February 4, 2008, unless early termination is granted. Except as set forth above, neither the Reporting Persons, nor to their knowledge, any of their respective directors or executive officers, has any present plan or proposal which relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. As of the close of business on the date of this Statement, the Reporting Persons may be deemed to beneficially own collectively an aggregate of 22,159,300 shares of Common Stock, representing approximately 19.4% of the shares of Common Stock presently outstanding. All percentages in this Item 5 are based on 114,162,314 shares of Common Stock outstanding as of October 31, 2007, as set forth in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2007. The Leucadia Reporting Persons and the Ramius Reporting Persons each expressly disclaims beneficial ownership for all purposes of the Common Stock held by the other Reporting Person. The foregoing does not include any shares that are subject to the exchange-traded put options reported in Item 6 hereof. (1) The Leucadia Reporting Persons. (a) The responses of the Leucadia Reporting Persons to Rows (7) through (13) of the cover pages of this Statement on Schedule 13D and the information on Schedule A hereto are incorporated herein by reference. As of the close of business on the date of this Statement, the Leucadia Reporting Persons beneficially owned the following shares of Common Stock: (i) Baldwin may be deemed to beneficially own an aggregate of 20,159,300 shares of Common Stock, representing approximately 17.7% of the shares of Common Stock presently outstanding. This consists of (A) 5,593,100 shares of Common Stock, representing approximately 4.9% of the shares of Common Stock presently outstanding, that Baldwin owns, (B) 11,316,200 shares of Common Stock, representing approximately 9.9% of the shares of Common Stock presently outstanding, that Baldwin may be deemed to beneficially own under Rule 13d-3 pursuant to the terms of the share forward transaction agreement between Baldwin and Jefferies described in Item 6 of this Statement on Schedule 13D and incorporated herein by reference, and (C) 3,250,000 shares of Common Stock, representing approximately 2.8% of the shares of Common Stock presently outstanding, that Baldwin may be deemed to beneficially own under Rule 13d-3 pursuant to the terms of option agreements between RCG Baldwin and Lehman described in Item 6 of this Statement on Schedule 13D and incorporated herein by reference. 19 (ii) By virtue of its ownership of all of the outstanding shares of Baldwin, for purposes of this Statement on Schedule 13D, Phlcorp may be deemed to be the beneficial owner of all of the shares of Common Stock beneficially owned by Baldwin. (iii) By virtue of its ownership of all of the outstanding shares of Phlcorp, for purposes of this Statement on Schedule 13D, Leucadia may be deemed to be the beneficial owner of all of the shares of Common Stock beneficially owned by Baldwin. (iv) By virtue of their ownership of Leucadia common shares and their positions as Chairman of the Board, and President and a director, respectively, of Leucadia, for purposes of this Statement on Schedule 13D, Mr. Cumming and Mr. Steinberg may be deemed to be the beneficial owners of all of the shares of Common Stock beneficially owned by Baldwin. (b) The responses of the Leucadia Reporting Persons to Rows (7) through (10) of the cover pages of this Statement on Schedule 13D, Item 5(a) hereof and the information on Schedule A hereto are incorporated herein by reference. Leucadia, Phlcorp and Baldwin may be deemed to share voting and dispositive power with respect to the 5,593,100 shares of Common Stock owned by Baldwin reflected in this Statement on Schedule 13D. Although the Leucadia Reporting Persons do not currently have the power to vote or dispose of the 11,316,200 shares of Common Stock that Leucadia, Phlcorp and Baldwin may be deemed to beneficially own pursuant to the terms of the share forward transaction agreement between Baldwin and Jefferies described in Item 6 of this Statement on Schedule 13D and incorporated herein by reference, Leucadia, Phlcorp and Baldwin may be deemed under Rule 13d-3 to share voting and dispositive power with respect to the 11,316,200 shares of Common Stock. Although the Leucadia Reporting Persons do not currently have the power to vote or dispose of the 3,250,000 shares of Common Stock that the Leucadia Reporting Persons may be deemed to beneficially own pursuant to the terms of option agreements between RCG Baldwin and Lehman described in Item 6 of this Statement on Schedule 13D and incorporated herein by reference, the Leucadia Reporting Persons may be deemed under Rule 13d-3 to share voting and dispositive power with respect to the 3,250,000 shares of Common Stock. (c) Except as set forth herein or in the attached Schedule C (with respect to the Leucadia Reporting Persons), the Leucadia Reporting Persons have not effected any transaction in shares of Common Stock during the sixty (60) days preceding the date of this Statement. (d) Not applicable. (e) Not applicable. (2) The Ramius Reporting Persons. (a) The responses of the Ramius Reporting Persons to Rows (7) through (13) of the cover pages of this Statement on Schedule 13D are incorporated herein by reference. As of the close of business on the date of this Statement, the Ramius Reporting Persons beneficially owned the following shares of Common Stock: 20 (i) RCG PB beneficially owns an aggregate of 256,250 shares of Common Stock, representing less than 1% of the shares of Common Stock presently outstanding. (ii) RCG Sextant beneficially owns an aggregate of 697,240 shares of Common Stock, representing less than 1% of the shares of Common Stock presently outstanding. (iii) RCG Enterprise beneficially owns an aggregate of 1,046,510 shares of Common Stock, representing less than 1% of the shares of Common Stock presently outstanding. (iv) As investment manager of RCG PB, Ramius Advisors may be deemed the beneficial owner of the 256,250 shares of Common Stock owned by RCG PB. (v) As investment manager of RCG Enterprise and RCG Sextant and sole member of Ramius Advisors, Ramius Capital may be deemed the beneficial owner of the 2,000,000 shares of Common Stock owned by RCG Enterprise, RCG Sextant and RCG PB. (vi) As the managing member of Ramius Capital, C4S may be deemed the beneficial owner of the 2,000,000 shares of Common Stock owned by RCG Enterprise, RCG Sextant and RCG PB. (vii) As the managing members of C4S, each of Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon may be deemed the beneficial owner of the 2,000,000 shares of Common Stock owned by RCG Enterprise, RCG Sextant and RCG PB. (b) Each of the Ramius Reporting Persons has sole voting and dispositive power of the shares of Common Stock reported as beneficially owned by it in Item 5(a) hereof, except that each of Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon has shared voting and dispositive power of the shares of Common Stock reported as beneficially owned by him in Item 5(a) hereof. (c) Except as set forth herein or in the attached Schedule D (with respect to the Ramius Reporting Persons), the Ramius Reporting Persons have not effected any transaction in shares of Common Stock during the sixty (60) days preceding the date of this Statement. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Baldwin and Jefferies have entered into a share forward transaction agreement, dated January 11, 2008, pursuant to which Baldwin will acquire an aggregate of 11,316,200 shares of Common Stock at a price of $12.90 per share on February 25, 2008. Baldwin paid $72,989,490 to Jefferies on January 11, 2008 as a prepayment and will pay an additional $72,989,490 to Jefferies on settlement of the share forward transaction. The share forward transaction agreement is attached hereto as Exhibit 1 and is incorporated herein by reference. On January 16, 2008, January 18, 2008 and January 22, 2008, RCG Baldwin and Lehman entered into option agreements pursuant to which RCG Baldwin has the right to acquire an aggregate of 3,250,000 shares of Common Stock at a price of $9.00 per share on March 14, 2008 (the "Lehman 21 Options"). RCG Baldwin paid $12,675,000 to Lehman for the Lehman Options. The form of the option agreements is attached hereto as Exhibit 2 and is incorporated herein by reference. RCG Baldwin (which holds the Lehman Options as nominee for Baldwin), Ramius Advisors, the general partner of RCG Baldwin, and Baldwin have an oral understanding that Ramius Advisors and RCG Baldwin will not have any interest in or any decision making authority with respect to the Lehman Options and the shares of Common Stock underlying the Lehman Options. Baldwin, the sole limited partner of RCG Baldwin, has sole decision making authority and sole pecuniary interest with respect to the Lehman Options and the shares of Common Stock underlying the Lehman Options. On December 13, 2007 and December 17, 2007, RCG Sextant and RCG Enterprise sold exchange-traded put options underlying Common Stock, pursuant to which they are obligated to purchase, but have no right to acquire, an aggregate of 261,600 shares of Common Stock and 38,400 shares of Common Stock, respectively, at a price of $7.50 per share. The put options are exercisable by their holders at any time prior to their expiration on May 17, 2008. RCG Sextant and RCG Enterprise received $1.15 for each share of Common Stock covered by the put options. Pursuant to Rule 13d-1(k) promulgated under the Exchange Act, the Reporting Persons have entered into an agreement with respect to the joint filing of this Statement on Schedule 13D, and any amendment or amendments thereto, a copy of which is attached hereto as Exhibit 3 and incorporated herein by reference in its entirety. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. EXHIBIT 1 Share Forward Transaction Agreement, dated January 11, 2008, between Baldwin Enterprises, Inc. and Jefferies & Company, Inc. EXHIBIT 2 Form of Option Agreement, between RCG Baldwin, L.P. and Lehman Brothers OTC Derivatives Inc. EXHIBIT 3 Agreement as to Joint Filing of Schedule 13D, dated January 22, 2008, by and among Leucadia National Corporation, Phlcorp, Inc., Baldwin Enterprises, Inc., RCG Baldwin, L.P., RCG PB Ltd, RCG Sextant Master Fund, Ltd., Ramius Advisors, L.L.C., RCG Enterprise, Ltd, Ramius Capital Group, L.L.C., C4S & Co., L.L.C., Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss, and Jeffrey M. Solomon. 22 SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 22, 2008 LEUCADIA NATIONAL CORPORATION By: /s/ Joseph A. Orlando ---------------------------------------- Name: Joseph A. Orlando Title: Vice President and Chief Financial Officer PHLCORP, INC. By: /s/ Joseph A. Orlando ---------------------------------------- Name: Joseph A. Orlando Title: Vice President BALDWIN ENTERPRISES, INC. By: /s/ Joseph A. Orlando ---------------------------------------- Name: Joseph A. Orlando Title: Vice President RCG BALDWIN, L.P. By: Ramius Advisors, LLC Its General Partner By: Baldwin Enterprises, Inc. As Attorney-In-Fact By: /s/ Joseph A. Orlando ---------------------------------------- Name: Joseph A. Orlando Title: Vice President RCG PB, LTD By: Ramius Advisors, L.L.C. Its Investment Advisor By: Ramius Capital Group, L.L.C. As Sole Member By: C4S & Co., L.L.C. As Managing Member 23 RCG SEXTANT MASTER FUND, LTD. By: Ramius Capital Group, L.L.C. Its Investment Manager By: C4S & Co., L.L.C. As Managing Member RAMIUS ADVISORS, LLC By: Ramius Capital Group, L.L.C. As Sole Member By: C4S & Co., L.L.C. As Managing Member RCG ENTERPRISE, LTD By: Ramius Capital Group, L.L.C. Its Investment Manager By: C4S & Co., L.L.C. As Managing Member RAMIUS CAPITAL GROUP, LLC By: C4S & Co., L.L.C. As Managing Member C4S & CO., LLC By: /s/ Jeffrey M. Solomon ---------------------------------------- Name: Jeffrey M. Solomon Title: Authorized Signatory /s/ Jeffrey M. Solomon ------------------------------------------ JEFFREY M. SOLOMON Individually and as attorney-in-fact for Peter A. Cohen, Morgan B. Stark and Thomas W. Strauss 24 EXHIBIT INDEX Exhibit No. - ----------- 1 Share Forward Transaction Agreement, dated January 11, 2008, between Baldwin Enterprises, Inc. and Jefferies & Company, Inc. 2 Form of Option Agreement, between RCG Baldwin, L.P. and Lehman Brothers OTC Derivatives Inc. 3 Agreement as to Joint Filing of Schedule 13D, dated January 22, 2008, by and among Leucadia National Corporation, Phlcorp, Inc., Baldwin Enterprises, Inc., RCG Baldwin, L.P., RCG PB Ltd, RCG Sextant Master Fund, Ltd., Ramius Advisors, L.L.C., RCG Enterprise, Ltd, Ramius Capital Group, L.L.C., C4S & Co., L.L.C., Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss, and Jeffrey M. Solomon. 25 Schedule A DIRECTORS AND EXECUTIVE OFFICERS OF THE LEUCADIA REPORTING PERSONS The name, business address, present principal occupation or employment, ownership of common stock of AmeriCredit Corp. and the name, principal business and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of the Leucadia Reporting Persons is set forth below. Shares reflected below were acquired with the purchaser's funds available for investment for a purchase price of $249,610. Unless otherwise specified, the business address of each person listed below is c/o Leucadia National Corporation, 315 Park Avenue South, New York, NY 10010. To the knowledge of the Reporting Persons, each person listed below is a United States citizen. For purposes of this Schedule A, Leucadia is "(a)", Phlcorp is "(b)", and Baldwin is "(c)".
- ------------------------------------------------------------------------------------- Name and Business Address Directorship Offices Principal Occupation - ------------------------- ------------ ------- or Employment -------------------- - ------------------------------------------------------------------------------------- Ian M. Cumming (a), (c) Chairman of the Chairman of the c/o Leucadia National Board of (a); Board of (a) Corporation Chairman of the 529 E. South Temple Board of (c) Salt Lake City, Utah 84102 - ------------------------------------------------------------------------------------- Joseph S. Steinberg (a), (c) President of (a); President of (a) President of (c) - ------------------------------------------------------------------------------------- Paul M. Dougan (a) -- Private Investor - ------------------------------------------------------------------------------------- Lawrence D. Glaubinger (a) -- Private Investor - ------------------------------------------------------------------------------------- James E. Jordan (a) -- Private Investor - ------------------------------------------------------------------------------------- Jesse Clyde Nichols, III (a) -- Private Investor - ------------------------------------------------------------------------------------- Alan J. Hirschfield (a) -- Private Investor and Consultant - ------------------------------------------------------------------------------------- Jeffrey C. Keil (a) -- Private Investor - ------------------------------------------------------------------------------------- Philip M. Cannella (b) Assistant Vice Assistant Vice President and President and Director of Taxes Director of Taxes of (a); of (a) Vice President of (b); Vice President of (c) - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- Name and Business Address Directorship Offices Principal Occupation - ------------------------- ------------ ------- or Employment -------------------- - ------------------------------------------------------------------------------------- Thomas E. Mara (b) Executive Vice Executive Vice President of (a); President of (a) President of (b); Executive Vice President of (c) - ------------------------------------------------------------------------------------- Joseph A. Orlando (b), (c) Vice President and Vice President and (24,000 shares of Common Stock) Chief Financial Chief Financial Officer of (a); Officer of (a) Vice President and Treasurer of (b); Vice President of (c) - ------------------------------------------------------------------------------------- Barbara L. Lowenthal -- Vice President and Vice President and Comptroller of (a); Comptroller of (a) Vice President of (c) - ------------------------------------------------------------------------------------- Justin R. Wheeler -- Vice President of Vice President of (a); (a) Vice President of (c) - ------------------------------------------------------------------------------------- Jane Goldman -- Assistant Vice Assistant Vice President President of (a); Vice of (a) President of (b) - ------------------------------------------------------------------------------------- Joseph M. O'Connor -- Vice President of Vice President of (a); (a) Vice President of (b); Vice President of (c) - ------------------------------------------------------------------------------------- Joseph E. Sartin -- Vice President and Vice President and Assistant Secretary Assistant of (b) Secretary of (b) - ------------------------------------------------------------------------------------- Rocco J. Nittoli -- Treasurer of (a); Treasurer of (a) and Treasurer of (c) - ------------------------------------------------------------------------------------- Patrick D. Bienvenue -- Vice President of Vice President of (c) (c) - ------------------------------------------------------------------------------------- Corinne A. Maki -- Vice President & Vice President & Assistant Secretary Assistant of (c) Secretary of (c) - -------------------------------------------------------------------------------------
Schedule B DIRECTORS AND EXECUTIVE OFFICERS OF THE RAMIUS REPORTING PERSONS The name, business address, present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of the Ramius Reporting Persons (other than individuals) is set forth below. Unless otherwise specified, the business address of each person listed below is 666 Third Avenue, 26th Floor, New York, NY 10017. To the knowledge of the Reporting Persons, each person listed below is a United States citizen. For purposes of this Schedule B, RCG PB is "(a)", RCG Sextant is "(b)", Ramius Advisors is "(c)", RCG Enterprise is "(d)", Ramius Capital is "(e)", and C4S is "(f)".
- ------------------------------------------------------------------------------------- Name and Business Address Directorship Offices Principal Occupation - ------------------------- ------------ ------- or Employment -------------------- - ------------------------------------------------------------------------------------- Morgan B. Stark (a); (d) -- Managing Member of (f) - ------------------------------------------------------------------------------------- Marran Ogilvie (a); (d) -- General Counsel of (e) - ------------------------------------------------------------------------------------- CFS Company Ltd. (a); (b); -- Nominee Company c/o Citco Fund Services (d) registered with (Cayman Islands) Limited Cayman Islands Corporate Center Monetary Authority West Bay Road and is affiliated Grand Cayman, Cayman Islands with Administrator British West Indies of the Fund - ------------------------------------------------------------------------------------- CSS Corporation Ltd. -- Secretary of (a); Affiliate of the c/o Citco Fund Services (b); (d) Administrator of (Cayman Islands) Limited the Fund Corporate Center West Bay Road Grand Cayman, Cayman Islands British West Indies - ------------------------------------------------------------------------------------- Jeffrey Solomon (b) Managing Member of (f) - ------------------------------------------------------------------------------------- Mason Stark (b) -- Portfolio Manager of (e) - -------------------------------------------------------------------------------------
Schedule C Transactions in Shares of Common Stock by the Leucadia Reporting Persons - -------------------------------------------------------------------------------- REPORTING PERSON DATE TRANSACTION NUMBER OF SHARES PRICE PER OF COMMON STOCK* SHARE* - -------------------------------------------------------------------------------- Baldwin 11/26/2007 Purchase 100,000 $9.67 - -------------------------------------------------------------------------------- Baldwin 11/27/2007 Purchase 150,000 $9.94 - -------------------------------------------------------------------------------- Baldwin 12/5/2007 Purchase 100,000 $10.38 - -------------------------------------------------------------------------------- Baldwin 12/12/2007 Purchase 40,000 $10.33 - -------------------------------------------------------------------------------- Baldwin 12/13/2007 Purchase 204,000 $9.73 - -------------------------------------------------------------------------------- * Shares of Common Stock were purchased over the day and the aggregate amount and average price are indicated. Schedule D Transactions in Shares of Common Stock by the Ramius Reporting Persons - -------------------------------------------------------------------------------- REPORTING PERSON DATE TRANSACTION NUMBER OF SHARES PRICE PER OF COMMON STOCK* SHARE* - -------------------------------------------------------------------------------- RCG Enterprise 12/11/2007 Purchase 74,706 $11.22 - -------------------------------------------------------------------------------- RCG Sextant 12/11/2007 Purchase 510,294 $11.10 - -------------------------------------------------------------------------------- RCG Enterprise 12/12/2007 Purchase 8,301 $10.71 - -------------------------------------------------------------------------------- RCG Sextant 12/12/2007 Purchase 56,699 $10.70 - -------------------------------------------------------------------------------- RCG Enterprise 12/20/2007 Sale 63,851 $10.69 - -------------------------------------------------------------------------------- RCG Sextant 12/20/2007 Sale 436,149 $10.70 - -------------------------------------------------------------------------------- RCG Enterprise 12/21/2007 Sale 19,156 $12.92 - -------------------------------------------------------------------------------- RCG Sextant 12/21/2007 Sale 130,844 $12.92 - -------------------------------------------------------------------------------- RCG Enterprise 01/11/2008 Purchase 545,415 $12.04 - -------------------------------------------------------------------------------- RCG PB 01/11/2008 Purchase 256,250 $12.04 - -------------------------------------------------------------------------------- RCG Sextant 01/11/2008 Purchase 223,335 $12.04 - -------------------------------------------------------------------------------- RCG Enterprise 01/14/2008 Purchase 501,095 $11.59 - -------------------------------------------------------------------------------- RCG Sextant 01/14/2008 Purchase 473,905 $11.59 - -------------------------------------------------------------------------------- * Shares of Common Stock were purchased over the day and the aggregate amount and average price are indicated (excluding commissions). EX-99 2 mm01-2208_sc13de1.txt EXHIBIT 1 --------- Jefferies [Logo] SHARE FORWARD TRANSACTION January 11, 2008 Baldwin Enterprises, Inc. c/o Leucadia National Corporation 315 Park Avenue South New York, NY 10010 Attn: Thomas E. Mara Dear Sir or Madam: The purpose of this letter agreement (this "CONFIRMATION") is to confirm the terms and conditions of the Transaction entered into between Jefferies & Company, Inc. ("PARTY A") and Baldwin Enterprises, Inc., a Colorado corporation ("PARTY B"), on the Trade Date specified below (the "TRANSACTION"). This Confirmation constitutes a "Confirmation" as referred to in the ISDA Master Agreement specified below. The definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (the "EQUITY DEFINITIONS"), as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between the Equity Definitions and this Confirmation, this Confirmation will govern. This Transaction shall be deemed to be a "Share Forward Transaction" for purposes of the Equity Definitions. 1. This Confirmation evidences a complete binding agreement between you and us as to the terms of the Transaction to which this Confirmation relates and shall supplement, form a part of, and be subject to an agreement in the form of the ISDA Master Agreement (Multicurrency--Cross Border) as if we had executed an agreement in such form (but without any Schedule except for the election of the laws of the State of New York as the governing law, the election of Market Quotation and Second Method and U.S. Dollars as the Termination Currency) on the Trade Date. In the event of any inconsistency between the provisions of that agreement and this Confirmation, this Confirmation will prevail for the purpose of this Transaction. 2. The terms of the particular Transaction to which this Confirmation relates are as follows: GENERAL TERMS: Trade Date: January 10, 2008 Seller: Party A Buyer: Party B Shares: Common Stock, par value $0.01 per share, of AmeriCredit Corp. (Ticker: "ACF") Number of Shares: 11,316,200 Forward Price: USD 12.90 per Share Prepayment: Applicable Baldwin Enterprises, Inc. January 11, 2008 Prepayment Amount: USD 72,989,490 Prepayment Date: Three Business Days following the Trade Date Exchange: NYSE Related Exchange(s): All Exchanges SETTLEMENT TERMS: Physical Settlement: Applicable; provided that in lieu of the provisions set forth in Section 9.2(a) of the Equity Definitions, on the Settlement Date, Buyer will pay to Seller an amount equal to (x) the Forward Price multiplied by the Number of Shares minus (y) the Prepayment Amount, and Seller will deliver to Buyer the Number of Shares to be Delivered Settlement Date: February 25, 2008 Settlement Currency: USD Settlement Method Election: Not Applicable SHARE ADJUSTMENTS: Method of Adjustment: Calculation Agent Adjustment EXTRAORDINARY EVENTS: Consequences of Merger Events: Not Applicable Tender Offer: Not Applicable Composition of Combined Consideration: Not Applicable Nationalization, Insolvency or Delisting: Not Applicable ADDITIONAL REPRESENTATIONS, AGREEMENTS AND ACKNOWLEDGEMENTS: Non-Reliance: Applicable Agreements and Acknowledgments Regarding Hedging Activities: Applicable. For the avoidance of doubt, (x) in no event shall Party A deliver, transfer, assign or otherwise convey any Shares or other Hedge Positions (if any) held by it, or beneficial interest(s) in such Shares or other Hedge Positions (if any), to Party B hereunder prior to the Physical Settlement of this Transaction on the Settlement Date, (y) the parties agree that Party B will not have any voting rights with respect to any such Shares or other Hedge Positions (if any) held by Party A prior to the Physical 2 Baldwin Enterprises, Inc. January 11, 2008 Settlement of this Transaction on the Settlement Date, and (z) neither Party A nor any affiliate of Party A shall be obligated to purchase, sell, enter into or maintain any Hedge Positions. Additional Acknowledgments: Applicable Eligible Contract Participant: Each party represents to the other party that it is an "eligible contract participant" as defined in the U.S. Commodity Exchange Act (as amended) 3. CALCULATION AGENT: Party A; provided that all calculations and determinations made by the Calculation Agent are subject to review and concurrence by the other party. If Party A and Party B disagree with respect to any calculation or determination, Party A and Party B will each appoint an independent Reference Market-maker, and such two Reference Market-makers will jointly appoint a third Reference Market-maker. Such three Reference Market-makers will jointly make such calculation or determination (acting as experts and not as arbitrators), whose calculation or determination will be binding and conclusive absent manifest error. In addition, if at any time an Event of Default has occurred and is continuing with respect to Party A and an Event of Default has not occurred and is not continuing with respect to Party B, Party B will act as Calculation Agent or will appoint a third party to act as Calculation Agent, subject to the foregoing proviso and provisions. 4. NOTICE AND ACCOUNT DETAILS: Address for Notices to Party A: Jefferies & Company, Inc. 520 Madison Avenue New York, NY 10022 Attention: General Counsel Tel: 212 284-2266 Fax: 212 284-2280 Account for payments to Party A: Bank of New York ABA# 021000018 A/C Jefferies & Company Inc. A/C 890-000-7001 Address for Notices to Party B: Baldwin Enterprises, Inc. c/o Leucadia National Corporation 315 Park Avenue South New York, NY 10010 Attention: Thomas E. Mara Tel.: 212-460-1981 Fax: 212-598-3215 Account for delivery of Shares to Party B: To be provided 3 Baldwin Enterprises, Inc. January 11, 2008 6. OFFICES: (a) The Office of Party A for this Transaction is: Not Applicable; and (b) The Office of Party B for this Transaction is: Not Applicable. 7. TRANSFER. Neither party may transfer any of its rights or obligations under this Transaction without the prior written consent of the non-transferring party; provided that such consent will not be unreasonably withheld or delayed. 8. TAX DISCLOSURE. Party B and each of its employees, representatives, or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of this Transaction and all materials of any kind (including opinions or other tax analyses) that are provided to Party B relating to such tax treatment and tax structure. 9. GOVERNING LAW AND WAIVER OF JURY TRIAL: This Confirmation will be governed by and construed in accordance with the laws of the State of New York without reference to the choice of law doctrine that would result in application of the laws of another jurisdiction. Each party waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect of any suit, action or proceeding relating to this Transaction. Please confirm that the foregoing correctly sets forth the terms of our agreement by executing a copy of this Confirmation and returning it to us at 646-417-5820. Yours sincerely, JEFFERIES & COMPANY, INC. By: /s/ Jason Griffith ------------------------------- Name: Jason Griffith Title: Head of Equity Department Confirmed as of the date first above written: BALDWIN ENTERPRISES, INC. By: /s/ Joseph A. Orlando ------------------------------- Name: Joseph A. Orlando Title: Vice President 4 EX-99 3 mm01-2208_sc13de2.txt EXHIBIT 2 --------- LEHAMAN BROTHERS TRANSACTION Date: [ ] January, 2008 To: RCG Baldwin LP Attention: Documentation Unit From: Lehman Brothers, Inc acting as Agent Lehman Brothers OTC Derivatives Inc., acting as Principal Capital Markets Contracts--Legal Facsimile: (+1) 646-885-9546 (United States of America) Telephone: 212-526-1077 - David Sanders Ref. Numbers: Global Deal ID: [ ] - -------------------------------------------------------------------------------- Dear Sir or Madam: The purpose of this communication (this "Confirmation") is to confirm the terms and conditions of the transactions (each a "Transaction") entered into between Lehman Brothers OTC Derivatives Inc. ("Party A") and RCG Baldwin LP ("Party B") on the Trade Date specified below. This Confirmation constitutes a "Confirmation" as referred to in the Agreement specified below. This Confirmation evidences a complete and binding agreement between Party A and Party B as to the terms of the Transaction to which this Confirmation relates. In addition, you and we agree to use all reasonable efforts promptly to negotiate, execute and deliver an agreement in the form of the ISDA Master Agreement (Multicurrency-Cross Border) (the "ISDA Form"), with such modifications as you and we will in good faith agree. Upon the execution by you and us of such an agreement, this Confirmation shall supplement, form a part of, and be subject to that agreement (the "Agreement"). All provisions contained or incorporated by reference in the Agreement, upon its execution, will govern this Confirmation except as expressly modified below. Until we execute and deliver the Agreement, this Confirmation, together with all other documents confirming transactions entered into between us and referring to the ISDA Form, shall supplement, form a part of, and be subject to an agreement in the form of the ISDA Form as if we had executed an agreement in such form (but without any Schedule) on the Trade Date of this Transaction. In the event of any inconsistency between the provisions of that agreement, or the Agreement, when executed, and this Confirmation, this Confirmation will prevail for the purpose of this Transaction. The definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (the "Equity Definitions") and the 2006 ISDA Definitions (the "Swap Definitions", and together with the Equity Definitions, the "Definitions"), in each case as published by the International Swaps and Derivatives Association, Inc. ("ISDA") are incorporated into this Confirmation. References herein to "Transaction" shall be deemed references to "Swap Transaction" for purposes of the Swap Definitions. In the event of any inconsistency between the Equity Definitions and the Swap Definitions, the Equity Definitions will govern. In the event of any inconsistency between either set of Definitions and this Confirmation, this Confirmation will govern. Party A and Party B each represents that entering into the Transaction is within its capacity, is duly authorized and does not violate any laws of its jurisdiction of organization or residence or the terms of any agreement to which it is a party. Party A and Party B each represents that (a) it is not relying on the other party in connection with its decision to enter into this Transaction, and neither party is acting as an advisor to or fiduciary of the other party in connection with this Transaction regardless of whether the other party provides it with market information or its views; (b) it understands the risks of the LEHMAN BROTHERS FINANCE S.A. TALSTRASSE 82 - P.O. BOX 2828 - CH-8021 ZURICH - SWITZERLAND TELEPHONE (+41) 44 287 88 42 Transaction and any legal, regulatory, tax, accounting and economic consequences resulting therefrom; and (c) it has determined based upon its own judgment and upon any advice received from its own professional advisors as it has deemed necessary to consult that entering into the Transaction is appropriate for such party in light of its financial capabilities and objectives. Party A and Party B each represents that upon due execution and delivery of this Confirmation, it will constitute a legally valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable principles of bankruptcy and creditors' rights generally and to equitable principles of general application. The terms of the particular Transaction to which this Confirmation relates are as follows: GENERAL TERMS: TRANSACTION: Agent: Lehman Brothers, Inc. ("LBI") is acting as agent on behalf of Party A and Party B for this Transaction. LBI has no obligations, by guarantee, endorsement or otherwise, with respect to the performance of this Transaction by either party. Trade Date: [ ] January, 2008 Option Style: European Option Type: Call Seller: Party A Buyer: Party B Shares: AmeriCredit Corp. (the "Issuer") Ticker Symbol: ACF Number of Options: [ ] Option Entitlement: 100 Share(s) per Option Strike Price: 9.00 Premium: USD [ ] Premium Payment Date: [ ] January, 2008 Exchange(s): New York Stock Exchange Related Exchange(s): All Exchanges Disrupted Day: The definition of "Disrupted Day" in Section 6.4 of the Equity Definitions shall be amended by adding the following sentence after the first sentence: "A Scheduled Trading Day on which a Related Exchange fails to open during its regular trading session will not be a Disrupted Day if the Calculation Agent determines that such failure will not have a material impact on Party A's ability to unwind any related hedging transactions." PROCEDURE FOR EXERCISE: Page 2 of 9 Global Deal ID: [ ] Expiration Time: At the close of trading on the Exchange, without regard to extended trading hours Expiration Date: 14 March 2008 Automatic Exercise: Applicable. The definition of "In-the-Money" in Section 3.4(c) of the Equity Definitions shall be deleted in its entirety and replaced with the following: "In-the-Money" means (i) in respect of a Call that the Reference Price is greater than the Strike Price and (ii) in respect of a Put, that the Reference Price is less than the Strike Price. Reference Price: The official closing price per Share as quoted by the Exchange at the Expiration Time on the Expiration Date. SETTLEMENT TERMS: Physical Settlement: Applicable Settlement Currency: USD SHARE ADJUSTMENTS: Method of Adjustment: Calculation Agent Adjustment EXTRAORDINARY EVENTS: CONSEQUENCES OF MERGER EVENTS: Share-for-Share: Modified Calculation Agent Adjustment Share-for-Other: Cancellation and Payment (Calculation Agent Determination) Share-for-Combined: Modified Calculation Agent Adjustment TENDER OFFER: Applicable CONSEQUENCES OF TENDER OFFERS: Share-for-Share: Modified Calculation Agent Adjustment Share-for-Other: Modified Calculation Agent Adjustment Share-for-Combined: Modified Calculation Agent Adjustment New Shares: The definition of "New Shares" in Section 12.1 of the Equity Definitions shall be amended by deleting subsection (i) in its entirety and replacing it with the following: "(i) publicly quoted, traded or listed on the New York Stock Exchange, the American Stock Exchange or the NASDAQ Global Select Market or the NASDAQ Global Market and" Page 3 of 9 Global Deal ID: [ ] Tender Offers: The definition of "Tender Offer" in Section 12.1 of the Equity Definitions will be amended by replacing the phrase "outstanding voting shares of the Issuer" in the fourth line thereof with "outstanding Shares" COMPOSITION OF COMBINED CONSIDERATION: Not Applicable NATIONALIZATION, INSOLVENCY OR DELISTING: Cancellation and Payment (Calculation Agent Determination) Delisting: The definition of "Delisting" in Section 12.6 of the Equity Definitions shall be deleted in its entirety and replaced with the following: `"Delisting" means that the Exchange announces that pursuant to the rules of such Exchange, the Shares cease (or will cease) to be listed, traded or publicly quoted on the Exchange for any reason (other than a Merger Event or Tender Offer) and are not immediately re-listed, re-traded or re-quoted on the New York Stock Exchange, the American Stock Exchange or the NASDAQ Global Select Market or the NASDAQ Global Market". ADDITIONAL DISRUPTION EVENTS: Change in Law: Applicable; provided that (a) Section 12.9(a)(ii)(X) of the Equity Definitions is hereby amended by replacing the word "Shares" with the words "Hedge Positions" and (b) Section 12.9(a)(ii)(Y) of the Equity Definitions is hereby deleted Failure to Deliver: Applicable Insolvency Filing: Applicable The definition of "Insolvency Filing" in Section 12.9 of the Equity Definitions shall be amended by deleting the clause "provided that such proceedings instituted or petitions presented by creditors and not consented to by the Issuer shall not be deemed an Insolvency Filing" at the end of such definition and replacing it with the following: "; or it has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors' rights, or a petition is presented for its winding-up or liquidation by a creditor and such proceeding is not dismissed, discharged, stayed or restrained in each case within fifteen (15) days of the institution or presentation thereof." Page 4 of 9 Global Deal ID: [ ] Section 12.9(b)(i) of the Equity Definitions is hereby amended by adding the following sentence at the end: "If neither party elects to terminate the Transaction, the Calculation Agent may adjust the terms of the Transaction upon the occurrence of such an event pursuant to Modified Calculation Agent Adjustment (as if such event were a Tender Offer)." Hedging Disruption: Applicable Increased Cost of Hedging: Applicable Loss of Stock Borrow: Not Applicable Increased Cost of Stock Borrow: Not Applicable Determining Party: Party A shall be the Determining Party where applicable in connection with all Extraordinary Events Hedging Party: Party A shall be the Hedging Party where applicable in connection with all Extraordinary Events Non-Reliance: Applicable Agreements and Acknowledgments Regarding Hedging Activities: Applicable Additional Acknowledgments: Applicable ADDITIONAL PROVISION: If a Merger Date or Tender Offer Date is scheduled to be after, in respect of an Option Transaction, the Expiration Date or, in respect of any other Transaction, the final Valuation Date, the Calculation Agent will determine the economic effect on the theoretical value of the Transaction of the announcement of a potential Merger Event or Tender Offer (including without limitation any change in volatility, expected dividends, stock loan rate or liquidity relevant to the Shares or to the Transaction) from the Announcement Date to the Expiration Date or the final Valuation Date, as applicable. If such economic effect is material, the Calculation Agent will adjust the terms of the Transaction to reflect such economic effect. Page 5 of 9 Global Deal ID: [ ] ADDITIONAL PROVISION: Party B represents and warrants that it has received and read and understands the Notice of Regulatory Treatment and the OTC Option Risk Disclosure Statement. Party A hereby notifies Party B that, with respect to collateral delivered to Party A by Party B pursuant to this Transaction: (i) except as otherwise agreed in writing between Party A and Party B, Party A may repledge or otherwise use such collateral in Party A's business; (ii) in the event of Party A's failure, Party B will likely be considered an unsecured creditor of Party A as to such collateral; (iii) the Securities Investor Protection Act of 1970 (15 U.S.C. 78aaa will likely be considered an unsecured creditor of Party A as to such collateral; (iii) the Securities Investor Protection Act of 1970 (15 U.S.C. 78aaa through 78lll) does not protect Party B; and (iv) such collateral will not be subject to the requirements of Rules 8c-1, 15c2-1, 15c3-2 or 15c3-3 under the Securities Exchange Act of 1934, as amended. The Agent will furnish Party B upon written request a statement as to the source and amount of any remuneration received or to be received by the Agent in connection with the Transaction evidenced hereby. MISCELLANEOUS: Additional Representations and (i) Party B represents to Party A Warranties of Party B: (at all times until termination of this Transaction) that it is an "eligible contract participant" within the meaning of Section 1a(12) of the Commodity Exchange Act, as amended. (ii) Party B (A) is not an "affiliate" of the Issuer, as such term is defined in Rule 144 under the 1933 Act (B) nor is it a counterparty entering into this Transaction on behalf of the Issuer or any affiliate thereof, (C) nor is it required to file reports with respect to the Shares or the Issuer pursuant to Sections 13(d) or 16(a) of the Securities Exchange Act of 1934, as amended (the "1934 Act"); Page 6 of 9 Global Deal ID: [ ] (iii) Party B shall notify Party A immediately of its intention to take any action that could reasonably be expected to result in Party B becoming (A) an "affiliate" of the Issuer, within the meaning of Rule 144 under the Securities Act of 1933, as amended (the "1933 Act"), or (B) an "insider" of the Issuer within the meaning of Section 16 under the Securities Exchange Act of 1934, as amended (the "1934 Act"). Party B shall not take any such action without Party A's permission. Failure to notify Party A or to obtain Party A's permission in connection with any action taken in violation of this provision shall constitute an Additional Termination Event with respect to which Party B shall be the sole Affected Party; (iv)Party B is not in possession of any material non-public information concerning the business, operations or prospects of the Issuer and was not in possession of any such information at the time of placing any order with respect to the Transaction. "Material" information for these purposes is any information to which an investor would reasonably attach importance in reaching a decision to buy, sell or hold any securities of the Issuer(s). (v) Party B's entry into this Transaction, any sale of Shares hereunder and Party A's exercise of all rights and remedies hereunder complies with and is not in any way limited by (A) any trading or "blackout" policies of the Issuer or (B) any other conditions or restrictions imposed by the Issuer on the sale, transfer, loan, pledge, disposition or other use by its employees of any Shares; and (vi) neither Party A nor any of its affiliates has advised Party B with respect to any legal, regulatory, tax, accounting or economic consequences arising from this Transaction, and neither Party A nor any of its affiliates is acting as agent (other than LBI as dual agent if specified above), or advisor for Party B in connection with this Transaction. Payments on Early Termination: Party A and Party B agree that for this Transaction, for the purposes of Section 6(e) of the Agreement, Loss and the Second Method will apply Calculation Agent: Lehman Brothers, Inc. Office: For the purposes of this Transaction, Party A is not a Multibranch Party, and Party B is not a Multibranch Party. Page 7 of 9 Global Deal ID: [ ] Transfer: Notwithstanding Section 7 of the Agreement, Party A may assign its rights and obligations under this Transaction, in whole and not in part, to any Affiliate of Lehman Brothers Holdings Inc. ("Holdings") effective upon delivery to Party B of the guarantee by Holdings, in favor of Party B, of the obligations of such Affiliate; provided, however, any provision to the contrary in the Agreement, when executed, shall take precedence over this election. Governing Law: New York law; provided, however, any provision to the contrary in the Agreement, when executed, shall take precedence over this election. Termination Currency: USD; provided, however, any provision to the contrary in the Agreement, when executed, shall take precedence over this election. Waiver of Trial By Jury: Insofar as is permitted by law, each party irrevocably waives any and all rights to trial by jury in any legal proceeding in connection with this Transaction, and acknowledges that this waiver is a material inducement to the other party's entering into this Transaction hereunder; provided, however, any provision to the contrary in the Agreement, when executed, shall take precedence over this election. THE SECURITIES REPRESENTED BY THE CONFIRMATION HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 OR ANY OTHER UNITED STATES FEDERAL OR STATE SECURITIES LAWS; SUCH SECURITIES MAY NOT BE SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF APPROPRIATE REGISTRATION UNDER SUCH SECURITIES LAWS OR EXCEPT IN A TRANSACTION EXEMPT FROM OR NOT SUBJECT TO THE REGISTRATION REQUIREMENTS OF SUCH SECURITIES LAWS. Page 8 of 9 Global Deal ID: [ ] Please confirm your agreement with the foregoing by executing this Confirmation and returning such Confirmation, in its entirety, to us at facsimile number (+1) 646-885-9546 (United States of America), Attention: Confirmations Group. Yours sincerely, Accepted and agreed to: LEHMAN BROTHERS OTC DERIVATIVES INC. RCG BALDWIN LP By: _____________________________ Name: Title: Execution time will be furnished upon Counterparty's written request. Page 9 of 9 Global Deal ID: [ ] EX-99 4 mm01-2208_sc13de3.txt EXHIBIT 3 --------- AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D Dated: January 22, 2008 The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. This Agreement may be executed in counterparts and each of such counterparts taken together shall constitute one and the same instrument. LEUCADIA NATIONAL CORPORATION By: /s/ Joseph A. Orlando ---------------------------------------- Name: Joseph A. Orlando Title: Vice President and Chief Financial Officer PHLCORP, INC. By: /s/ Joseph A. Orlando ---------------------------------------- Name: Joseph A. Orlando Title: Vice President BALDWIN ENTERPRISES, INC. By: /s/ Joseph A. Orlando ---------------------------------------- Name: Joseph A. Orlando Title: Vice President RCG BALDWIN, L.P. By: Ramius Advisors, LLC Its General Partner By: Baldwin Enterprises, Inc. As Attorney-In-Fact By: /s/ Joseph A. Orlando ---------------------------------------- Name: Joseph A. Orlando Title: Vice President RCG PB, LTD By: Ramius Advisors, L.L.C. Its Investment Advisor By: Ramius Capital Group, L.L.C. As Sole Member By: C4S & Co., L.L.C. As Managing Member RCG SEXTANT MASTER FUND, LTD. By: Ramius Capital Group, L.L.C. Its Investment Manager By: C4S & Co., L.L.C. As Managing Member RAMIUS ADVISORS, LLC By: Ramius Capital Group, L.L.C. As Sole Member By: C4S & Co., L.L.C. As Managing Member RCG ENTERPRISE, LTD By: Ramius Capital Group, L.L.C. Its Investment Manager By: C4S & Co., L.L.C. As Managing Member RAMIUS CAPITAL GROUP, LLC By: C4S & Co., L.L.C. As Managing Member C4S & CO., LLC By: /s/ Jeffrey M. Solomon ---------------------------------------- Name: Jeffrey M. Solomon Title: Authorized Signatory /s/ Jeffrey M. Solomon ------------------------------------------ JEFFREY M. SOLOMON Individually and as attorney-in-fact for Peter A. Cohen, Morgan B. Stark and Thomas W. Strauss -----END PRIVACY-ENHANCED MESSAGE-----