EX-99.3 2 v323017_ex99-3.htm EXHIBIT 99.3

EXHIBIT 99.3

 

Description of Transactions in the Shares that were Effected during the Past 60 Days

 

Nature of

Transaction

 Purchaser

Date of

Transaction

 Amount of Securities Price Per Share/Premium Per Option
Buy Marcato II, LP July 30, 2012                184           $30.66
Buy Marcato, LP July 30, 2012         138,116           $30.66
Sell Marcato II, LP August 1, 2012          19,148           $31.08
Sell Marcato, LP August 1, 2012          46,061           $31.08
Buy Marcato International Master Fund, Ltd. August 13, 2012         191,751           $31.01
Buy Marcato II, LP August 28, 2012             3,376           $32.62
Buy Marcato International Master Fund, Ltd. August 28, 2012           74,326           $32.62
Buy Marcato, LP August 28, 2012           10,912           $32.62
Buy Marcato II, LP August 29, 2012                205           $32.72
Buy Marcato International Master Fund, Ltd. August 29, 2012             3,484           $32.72
Buy Marcato, LP August 29, 2012             1,111           $32.72
Buy Marcato II, LP August 30, 2012                175           $33.01
Buy Marcato International Master Fund, Ltd. August 30, 2012             2,976           $33.01
Buy Marcato, LP August 30, 2012                949           $33.01
Buy Marcato II, LP August 31, 2012             1,126           $33.02
Buy Marcato International Master Fund, Ltd. August 31, 2012           18,577           $33.02
Buy Marcato, LP August 31, 2012             6,055           $33.02
Buy Marcato II, LP September 4, 2012                102           $33.47
Buy Marcato International Master Fund, Ltd. September 4, 2012             1,743           $33.47
Buy Marcato, LP September 4, 2012                555           $33.47
Purchase of Call Options

Corvex Master Fund LP

 

 September 4, 2012         30,000(1)    $ 10.7181(2)
Sale of Put Options Corvex Master Fund LP September 4, 2012         30,000(3)           $0.01(4)

  

(1) Represents shares underlying American-style call options purchased in the over the counter market. These call options expire on August 30, 2013.

 

(2) This amount represents the cost of an applicable American-style call option to purchase one Share. The per share exercise price of these call options is $23.00.

 

(3) Represents shares underlying European-style put options sold in the over the counter market. These put options expire on the earlier of August 30, 2013 or the date on which the corresponding American-style call option described above in footnote 1 is exercised.

 

(4) This amount represents the proceeds received from an applicable European-style put option to sell one Share.  The per share exercise price of these put options is $23.00.