-----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, FSfGTkRyFpfWtyfMvL3mqioIbqJNz39oXVoDEslMT/O/UMwHsmNFpnExuE2xpViC M8FqEqHVBW0KeDBk/yau0g== 0001104659-05-036238.txt : 20050804 0001104659-05-036238.hdr.sgml : 20050804 20050804092449 ACCESSION NUMBER: 0001104659-05-036238 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20050804 DATE AS OF CHANGE: 20050804 GROUP MEMBERS: DAVID H. BATCHHELDER GROUP MEMBERS: JAMES L. ZEHENTBAUER GROUP MEMBERS: JOEL L. REED GROUP MEMBERS: RALPH V. WHITWORTH GROUP MEMBERS: RELATIONAL COAST PARTNERS, L.P. GROUP MEMBERS: RELATIONAL FUND PARTNERS, L.P. GROUP MEMBERS: RELATIONAL INVESTORS III, L.P. GROUP MEMBERS: RELATIONAL INVESTORS VIII, L.P. GROUP MEMBERS: RELATIONAL INVESTORS X, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XI, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XII, L.P. GROUP MEMBERS: RELATIONAL INVESTORS, L.P. GROUP MEMBERS: RELATIONAL PARTNERS, L.P. GROUP MEMBERS: RH FUND 1, L.P. GROUP MEMBERS: RH FUND 2, L.P. GROUP MEMBERS: RH FUND 4, L.P. GROUP MEMBERS: RH FUND 6, L.P. GROUP MEMBERS: RH FUND 7, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SPX CORP CENTRAL INDEX KEY: 0000088205 STANDARD INDUSTRIAL CLASSIFICATION: METALWORKING MACHINERY & EQUIPMENT [3540] IRS NUMBER: 381016240 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-16002 FILM NUMBER: 05997800 BUSINESS ADDRESS: STREET 1: 13515 BALLANTYNE CORPORATE PLACE CITY: CHARLOTTE STATE: NC ZIP: 28277 BUSINESS PHONE: 704-752-4400 MAIL ADDRESS: STREET 1: 13515 BALLANTYNE CORPORATE PLACE CITY: CHARLOTTE STATE: NC ZIP: 28277 FORMER COMPANY: FORMER CONFORMED NAME: SEALED POWER CORP DATE OF NAME CHANGE: 19880515 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RELATIONAL INVESTORS LLC CENTRAL INDEX KEY: 0001047644 IRS NUMBER: 330694767 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11975 EL CAMINO REAL STREET 2: SUITE 300 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: 6195979400 MAIL ADDRESS: STREET 1: 11975 EL CAMINO REAL STREET 2: SUITE 300 CITY: SAN DIEGO STATE: CA ZIP: 92130 SC 13D/A 1 a05-14171_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934
(Amendment No.  2)*

SPX Corporation

(Name of Issuer)

 

Common Stock, $10.00 par value

(Title of Class of Securities)

 

784635104

(CUSIP Number)

 

Ralph V. Whitworth

Relational Investors, LLC

12400 High Bluff Road, Suite 600

San Diego, CA 92130

(858) 704-3333

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

 

August 2, 2005

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.


* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   784635104

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
2,654,665

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
2,654,665

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
2,654,665

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
3.53%

 

 

14.

Type of Reporting Person (See Instructions)
IA/HC/OO

 

 

2



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
518,474

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
518,474

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
518,474

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.69%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

3



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Fund Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
21,430

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
21,430

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
21,430

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.03%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

4



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Coast Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
46,621

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
46,621

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
46,621

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.06%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

5



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
17,714

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
17,714

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
17,714

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.02%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

6



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
RH Fund 1, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
343,184

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
343,184

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
343,184

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.46%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

7



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
RH Fund 2, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
393,891

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
393,891

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
393,891

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.52%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

8



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
RH Fund 4, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
77,756

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
77,756

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
77,756

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.10%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

9



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
RH Fund 6, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
83,016

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
83,016

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
83,016

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.11%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

10



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
RH Fund 7, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
45,732

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
45,732

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
45,732

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.06%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

11



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors III, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
26,367

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
26,367

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
26,367

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.04%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

12



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors VIII, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
541,881

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
541,881

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
541,881

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.72%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

13



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors X, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
39,865

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
39,865

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
39,865

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.05%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

14



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XI, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
101,947

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
101,947

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
101,947

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.14%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

15



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XII, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
47,289

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
47,289

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
47,289

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.06%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

16



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ralph V. Whitworth

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power 
2,654,665

 

9.

Sole Dispositive Power 
-0-

 

10.

Shared Dispositive Power 
2,654,665

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
2,654,665

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
3.53%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

17



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
David H. Batchelder

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power 
2,654,665

 

9.

Sole Dispositive Power 
-0-

 

10.

Shared Dispositive Power 
2,654,665

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
2,654,665

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
3.53%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

18



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Joel L. Reed

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power 
2,654,665

 

9.

Sole Dispositive Power 
-0-

 

10.

Shared Dispositive Power 
2,654,665

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
2,654,665

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
3.53%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

19



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
James J. Zehentbauer

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 ý

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power 
2,654,665

 

9.

Sole Dispositive Power 
-0-

 

10.

Shared Dispositive Power 
2,654,665

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
2,654,665

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
3.53%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

20



 

Item 1.

Security and Issuer

 

This statement on Schedule 13D (this “Statement”) relates to the common stock, par value $10.00 per share (the “Shares”), of SPX Corporation, a Delaware corporation (the “Issuer”).  The Issuer’s principal executive offices are located at 13515 Ballantyne Corporate Place, Charlotte, North Carolina 28277.

 

Item 2.

Identity and Background

 

This Statement is being filed by and on behalf of Relational Investors, L.P. (“RILP”), Relational Fund Partners, L.P. (“RFP”), Relational Coast Partners, L.P. (“RCP”), Relational Partners, L.P. (“RP”), RH Fund 1, L.P. (“RH1”), RH Fund 2, L.P. (“RH2”), RH Fund 4, L.P. (“RH4”), RH Fund 6, L.P. (“RH6”), RH Fund 7, L.P. (“RH7”), Relational Investors III, L.P. (“RI III”), Relational Investors VIII, L.P. (“RI VIII”), Relational Investors X, L.P. (“RI X”), Relational Investors XI, L.P. (“RI XI”) and Relational Investors XII, L.P. (“RI XII”).  Each of RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI III, RI VIII, RI X, RI XI and RI XII is a Delaware limited partnership.  The principal business of each of RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI III, RI VIII, RI X, RI XI and RI XII is investing in securities.

 

This Statement is also being filed by and on behalf of Relational Investors, LLC (“RILLC”), a Delaware limited liability company.  The principal business of RILLC is being the sole general partner of RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI VIII, RI XI and RI XII and the sole managing member of Relational Asset Management LLC and Relational Investors X GP LLC which serve as the general partners of RI III and RI X, respectively.  RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI III, RI VIII, RI X, RI XI, RI XII and certain investment accounts are the beneficial owners of the securities covered by this Statement.  Pursuant to the Limited Partnership Agreement of each of RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI III, RI VIII, RI X, RI XI and RI XII and the investment management agreement for the accounts managed by RILLC, RILLC has sole investment discretion and voting authority with respect to the securities covered by this Statement.

 

This Statement is also being filed by and on behalf of Ralph V. Whitworth, David H. Batchelder, Joel L. Reed and James J. Zehentbauer.  Messrs. Whitworth, Batchelder, Reed and Zehentbauer are the Principals of RILLC, in which capacity they share voting control and dispositive power over the securities covered by this Statement.  Messrs. Whitworth, Batchelder, Reed and Zehentbauer, therefore, may be deemed to have shared indirect beneficial ownership of such securities.  The present principal occupation of each of Messrs. Whitworth and Batchelder is serving as Principals of RILLC.  The present principal occupation of Messrs. Reed and Zehentbauer is serving as a Principal of Relational Advisors LLC (Messrs. Whitworth, Batchelder, Reed and Zehentbauer, together with RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI III, RI VIII, RI X, RI XI, RI XII and RILLC, hereinafter, the “RI Reporting Persons”).

 

During the last five years, none of the RI Reporting Persons has been (i) convicted in a criminal proceeding (excluding traffic violations and 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.

 

The business address of each of the RI Reporting Persons is 12400 High Bluff Road, Suite 600, San Diego, CA 92130.

 

Messrs. Whitworth, Batchelder, Reed and Zehentbauer are citizens of the United States.

 

21



 

Item 3.

Source and Amount of Funds or Other Consideration

 

Not applicable.

 

22



 

Item 4.

Purpose of the Transaction.

 

As of the date hereof, none of the RI Reporting Persons has any present plan or intention which would result in or relate to any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

 

Item 5.

Interest in Securities of the Issuer.

 

(a)           As of the date of this Statement, the RI Reporting Persons beneficially owned in the aggregate 2,654,665 Shares, constituting 3.53% of the outstanding Shares.  The percentage of Shares owned being based upon 75,145,003 Shares outstanding on April 29, 2005, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2005.  The RI Reporting Persons may be deemed to have direct beneficial ownership of the Shares as follows:

 

NAME

 

NUMBER OF SHARES

 

PERCENT OF OUTSTANDING SHARES

 

RILLC

 

349,498

 

0.47

%

RILP

 

518,474

 

0.69

%

RFP

 

21,430

 

0.03

%

RCP

 

46,621

 

0.06

%

RP

 

17,714

 

0.02

%

RH1

 

343,184

 

0.46

%

RH2

 

393,891

 

0.52

%

RH4

 

77,756

 

0.10

%

RH6

 

83,016

 

0.11

%

RH7

 

45,732

 

0.06

%

RI III

 

26,367

 

0.04

%

RI VIII

 

541,881

 

0.72

%

RI X

 

39,865

 

0.05

%

RI XI

 

101,947

 

0.14

%

RI XII

 

47,289

 

0.06

%

 

RILLC, in its capacity as an investment advisor, may be deemed to possess direct beneficial ownership of the 349,498 Shares that are owned by its clients and held in accounts it manages.  Additionally, RILLC, as

 

23



 

the sole general partner of each of RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI VIII, RI XI and RI XII (collectively, the “Relational LPs”) and as the sole managing member of the general partners of RI III and RI X, may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) the 2,654,665 Shares beneficially owned by RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI III, RI VIII, RI X, RI XI and RI XII because the limited partnership agreements of the Relational LPs and the investment management agreement for the accounts managed by RILLC specify that RILLC has sole investment discretion and voting authority with respect to those Shares.

 

Each of Messrs. Whitworth, Batchelder, Reed and Zehentbauer, as Principals of RILLC, may be deemed to share indirect beneficial ownership of the Shares which RILLC may beneficially own.  Each of Messrs. Whitworth, Batchelder, Reed and Zehentbauer disclaims beneficial ownership of such Shares for all other purposes.

 

To the best of the knowledge of each of the RI Reporting Persons, other than as set forth above, none of the persons named in Item 2 is the beneficial owner of any Shares.

 

(b)           RILP has the sole power to vote or direct the vote of 518,474 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RFP has the sole power to vote or direct the vote of 21,430 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RCP has the sole power to vote or direct the vote of 46,621 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RP has the sole power to vote or direct the vote of 17,714 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RH1 has the sole power to vote or direct the vote of 343,184 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RH2 has the sole power to vote or direct the vote of 393,891 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RH4 has the sole power to vote or direct the vote of 77,756 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RH6 has the sole power to vote or direct the vote of 83,016 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RH7 has the sole power to vote or direct the vote of 45,732 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RI III has the sole power to vote or direct the vote of 26,367 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RI VIII has the sole power to vote or direct the vote of 541,881 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RI X has the sole power to vote or direct the vote of 39,865 Shares and the sole power to dispose or direct the disposition of such Shares.

 

24



 

RI XI has the sole power to vote or direct the vote of 101,947 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RI XII has the sole power to vote or direct the vote of 47,289 Shares and the sole power to dispose or direct the disposition of such Shares.

 

RILLC has the sole power to vote or direct the vote of 349,498 Shares held by accounts which it manages, and the sole power to dispose or direct the disposition of such Shares.  In addition, RILLC, as sole general partner of RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI VIII, RI XI and RI XII and as the sole managing member of the general partners of RI III and RI X, may be deemed to have the sole power to vote or direct the vote of 2,305,167 Shares held by such Reporting Persons, and the sole power to dispose or direct the disposition of such Shares.

 

Messrs. Batchelder, Whitworth, Reed and Zehentbauer, as the Principals of RILLC, may be deemed to share the power to vote or to direct the vote and to dispose or to direct the disposition of the 2,654,665 Shares beneficially owned by the RI Reporting Persons.

 

(c)           All transactions in the Shares by the RI Reporting Persons during the past 60 days are set forth on Exhibit 99.1 attached hereto and incorporated herein by this reference.

 

(d)           No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Statement, except that dividends from, and proceeds from the sale of, the Shares held by the account managed by RILLC may be delivered to such account.

 

(e)           The RI Reporting Persons ceased to be the beneficial owner of more than 5 percent of the Shares on August 2, 2005.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Except for the joint filing agreement between and among the RI Reporting Persons previously filed as Exhibit C to the Schedule 13D to which this amendment relates, and except for the investment discretion and voting authority described in Item 2 and in the respective partnership agreements of RILP, RFP, RCP, RP, RH1, RH2, RH4, RH6, RH7, RI III, RI VIII, RI X, RI XI and RI XII which each contain provisions whereby RILLC may, after certain adjustments, receive a percentage of realized or unrealized profits, if any, derived from that partnership’s investments, to the best knowledge of the RI Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the RI Reporting Persons or between the RI Reporting Persons and any other person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

 

Item 7.

Material to Be Filed as Exhibits.

 

 

 

99.1 Transactions in the Shares by RI Reporting Persons within the last 60 days.

 

25



 

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:  August 4, 2005

 

RELATIONAL INVESTORS, L.P.

RELATIONAL FUND PARTNERS, L.P.

RELATIONAL COAST PARTNERS, L.P.

RELATIONAL PARTNERS, L.P.

RH FUND 1, L.P.

RH FUND 2, L.P.

RH FUND 4, L.P.

RH FUND 6, L.P.

RH FUND 7, L.P.

RELATIONAL INVESTORS III, L.P.

RELATIONAL INVESTORS VIII, L.P.

RELATIONAL INVESTORS X, L.P.

RELATIONAL INVESTORS XI, L.P.

RELATIONAL INVESTORS XII, L.P.

 

By:

RELATIONAL INVESTORS, LLC

 

as general partner to each, except as the sole managing member of the general partners of Relational Investors III, L.P. and
Relational Investors X, L.P.

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

RELATIONAL INVESTORS, LLC

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

 

 

 

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth

 

 

 

 

 

 

 

 

/s/ David H. Batchelder

 

 

 

David H. Batchelder

 

 

 

 

 

 

 

 

/s/ Joel L. Reed

 

 

 

Joel L. Reed

 

 

 

 

 

 

 

 

/s/ James J. Zehentbauer

 

 

 

James J. Zehentbauer

 

26


EX-99.1 2 a05-14171_1ex99d1.htm EX-99.1

Exhibit 99.1

 

TRANSACTIONS BY REPORTING PERSONS IN LAST 60 DAYS

 

Beneficial Ownership

 

Purchase or Sale

 

Quantity

 

Transaction
Date

 

Price per
Share
(including
commision)

 

How Effected

 

Relational Investors, L.P.

 

Sale

 

11,719

 

6/8/2005

 

44.64

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

7,757

 

6/8/2005

 

44.64

 

Open Market

 

RH Fund 2, L.P.

 

Sale

 

8,903

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

596

 

6/8/2005

 

44.64

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

1,757

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors LLC

 

Sale

 

3,773

 

6/8/2005

 

44.64

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

1,876

 

6/8/2005

 

44.64

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

1,034

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

12,247

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

901

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors XI, L.P.

 

Sale

 

2,304

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors XII, L.P.

 

Sale

 

1,069

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors LLC

 

Sale

 

3,317

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors LLC

 

Sale

 

654

 

6/8/2005

 

44.64

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

400

 

6/8/2005

 

44.64

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,054

 

6/8/2005

 

44.64

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

484

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors LLC

 

Sale

 

141

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors LLC

 

Sale

 

4

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors LLC

 

Sale

 

10

 

6/8/2005

 

44.64

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

19,531

 

6/9/2005

 

44.12

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

12,928

 

6/9/2005

 

44.12

 

Open Market

 

RH Fund 2, L.P.

 

Sale

 

14,838

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

993

 

6/9/2005

 

44.12

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

2,929

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors LLC

 

Sale

 

6,289

 

6/9/2005

 

44.12

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

3,127

 

6/9/2005

 

44.12

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

1,723

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

20,412

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,502

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors XI, L.P.

 

Sale

 

3,840

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors XII, L.P.

 

Sale

 

1,781

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors LLC

 

Sale

 

5,528

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,091

 

6/9/2005

 

44.12

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

667

 

6/9/2005

 

44.12

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,756

 

6/9/2005

 

44.12

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

807

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors LLC

 

Sale

 

236

 

6/9/2005

 

44.12

 

Open Market

 

Relational Investors LLC

 

Sale

 

6

 

6/9/2005

 

44.13

 

Open Market

 

Relational Investors LLC

 

Sale

 

16

 

6/9/2005

 

44.13

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

24,413

 

6/10/2005

 

44.25

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

16,160

 

6/10/2005

 

44.25

 

Open Market

 

RH Fund 2, L.P.

 

Sale

 

18,547

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

1,241

 

6/10/2005

 

44.25

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

3,661

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors LLC

 

Sale

 

7,861

 

6/10/2005

 

44.25

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

3,909

 

6/10/2005

 

44.25

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

2,153

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

25,516

 

6/10/2005

 

44.25

 

Open Market

 

 



 

Beneficial Ownership

 

Purchase or Sale

 

Quantity

 

Transaction
Date

 

Price per
Share
(including
commision)

 

How Effected

 

Relational Investors X, L.P.

 

Sale

 

1,877

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors XI, L.P.

 

Sale

 

4,800

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors XII, L.P.

 

Sale

 

2,227

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors LLC

 

Sale

 

6,910

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,363

 

6/10/2005

 

44.25

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

834

 

6/10/2005

 

44.25

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

2,195

 

6/10/2005

 

44.25

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

1,009

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors LLC

 

Sale

 

296

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors LLC

 

Sale

 

8

 

6/10/2005

 

44.26

 

Open Market

 

Relational Investors LLC

 

Sale

 

20

 

6/10/2005

 

44.25

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

16,601

 

6/13/2005

 

44.11

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

10,988

 

6/13/2005

 

44.11

 

Open Market

 

RH Fund 2, L.P.

 

Sale

 

12,612

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

844

 

6/13/2005

 

44.11

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

2,490

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors LLC

 

Sale

 

5,346

 

6/13/2005

 

44.11

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

2,658

 

6/13/2005

 

44.11

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

1,464

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

17,351

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,276

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors XI, L.P.

 

Sale

 

3,264

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors XII, L.P.

 

Sale

 

1,514

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors LLC

 

Sale

 

4,699

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors LLC

 

Sale

 

927

 

6/13/2005

 

44.11

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

567

 

6/13/2005

 

44.11

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

1,493

 

6/13/2005

 

44.11

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

686

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors LLC

 

Sale

 

201

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors LLC

 

Sale

 

5

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors LLC

 

Sale

 

14

 

6/13/2005

 

44.11

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

23,902

 

6/14/2005

 

43.96

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

15,426

 

6/14/2005

 

43.96

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

395

 

6/14/2005

 

43.96

 

Open Market

 

RH Fund 2, L.P.

 

Sale

 

18,158

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

1,215

 

6/14/2005

 

43.96

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

3,584

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors LLC

 

Sale

 

7,696

 

6/14/2005

 

43.96

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

3,827

 

6/14/2005

 

43.96

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

2,108

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

24,981

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,838

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors XI, L.P.

 

Sale

 

4,700

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors XII, L.P.

 

Sale

 

2,180

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors LLC

 

Sale

 

6,765

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,335

 

6/14/2005

 

43.96

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

817

 

6/14/2005

 

43.96

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

2,149

 

6/14/2005

 

43.96

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

988

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors LLC

 

Sale

 

288

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors LLC

 

Sale

 

8

 

6/14/2005

 

43.96

 

Open Market

 

 



 

Beneficial Ownership

 

Purchase or Sale

 

Quantity

 

Transaction
Date

 

Price per
Share
(including
commision)

 

How Effected

 

Relational Investors LLC

 

Sale

 

20

 

6/14/2005

 

43.96

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

33,534

 

8/2/2005

 

49.06

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

22,197

 

8/2/2005

 

49.06

 

Open Market

 

RH Fund 2, L.P.

 

Sale

 

25,476

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

1,705

 

8/2/2005

 

49.06

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

5,029

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors LLC

 

Sale

 

10,798

 

8/2/2005

 

49.06

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

5,369

 

8/2/2005

 

49.06

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

2,958

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

35,048

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

2,578

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors XI, L.P.

 

Sale

 

6,594

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors XII, L.P.

 

Sale

 

3,059

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors LLC

 

Sale

 

9,492

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,873

 

8/2/2005

 

49.06

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

1,146

 

8/2/2005

 

49.06

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

3,015

 

8/2/2005

 

49.06

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

1,386

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors LLC

 

Sale

 

404

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors LLC

 

Sale

 

11

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors LLC

 

Sale

 

28

 

8/2/2005

 

49.06

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

178,705

 

8/3/2005

 

44.90

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

118,287

 

8/3/2005

 

44.90

 

Open Market

 

RH Fund 2, L.P.

 

Sale

 

135,765

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

9,088

 

8/3/2005

 

44.90

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

26,800

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors LLC

 

Sale

 

57,543

 

8/3/2005

 

44.90

 

Open Market

 

RH Fund 6, L.P.

 

Sale

 

28,614

 

8/3/2005

 

44.90

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

15,763

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

186,774

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

13,740

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors XI, L.P.

 

Sale

 

35,139

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors XII, L.P.

 

Sale

 

16,300

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors LLC

 

Sale

 

50,582

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors LLC

 

Sale

 

9,979

 

8/3/2005

 

44.90

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

6,106

 

8/3/2005

 

44.90

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

16,069

 

8/3/2005

 

44.90

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

7,387

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors LLC

 

Sale

 

2,151

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors LLC

 

Sale

 

58

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors LLC

 

Sale

 

150

 

8/3/2005

 

44.90

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

4,570

 

8/3/2005

 

45.74

 

Third Market

 

RH Fund 1, L.P.

 

Sale

 

3,025

 

8/3/2005

 

45.74

 

Third Market

 

RH Fund 2, L.P.

 

Sale

 

3,472

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors III, L.P.

 

Sale

 

232

 

8/3/2005

 

45.74

 

Third Market

 

RH Fund 4, L.P.

 

Sale

 

685

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors LLC

 

Sale

 

1,472

 

8/3/2005

 

45.74

 

Third Market

 

RH Fund 6, L.P.

 

Sale

 

732

 

8/3/2005

 

45.74

 

Third Market

 

RH Fund 7, L.P.

 

Sale

 

403

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors VIII, L.P.

 

Sale

 

4,777

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors X, L.P.

 

Sale

 

351

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors XI, L.P.

 

Sale

 

899

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors XII, L.P.

 

Sale

 

417

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors LLC

 

Sale

 

1,294

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors LLC

 

Sale

 

255

 

8/3/2005

 

45.74

 

Third Market

 

Relational Partners, L.P.

 

Sale

 

156

 

8/3/2005

 

45.74

 

Third Market

 

Relational Coast Partners, L.P.

 

Sale

 

411

 

8/3/2005

 

45.74

 

Third Market

 

Relational Fund Partners, L.P.

 

Sale

 

189

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors LLC

 

Sale

 

55

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors LLC

 

Sale

 

1

 

8/3/2005

 

45.74

 

Third Market

 

Relational Investors LLC

 

Sale

 

4

 

8/3/2005

 

45.74

 

Third Market

 

 


-----END PRIVACY-ENHANCED MESSAGE-----