SC 13D/A 1 laquinta13da2.txt -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response......11 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2 )* La Quinta Corporation La Quinta Properties, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share (held as part of Paired Shares) -------------------------------------------------------------------------------- (Title of Class of Securities) 50419U202 -------------------------------------------------------------------------------- (CUSIP Number) Mark C. Wehrly Farallon Capital Management, L.L.C. One Maritime Plaza, Suite 1325 San Francisco, California 94111 (415) 421-2132 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 3, 2006 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 13d-1(f) or 240.13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 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). (Continued on following pages) Page 1 of 49 Pages Exhibit Index Found on Page 47 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Noonday Asset Management, L.P. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 15,959,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 15,959,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 15,959,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.9% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN ------------==================================================================== Page 2 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Noonday G.P. (U.S.), L.L.C. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 15,959,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 15,959,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 15,959,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.9% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 OO ------------==================================================================== Page 3 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Noonday Capital, L.L.C. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 15,959,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 15,959,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 15,959,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.9% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 OO ------------==================================================================== Page 4 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) David I. Cohen ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 15,959,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 15,959,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 15,959,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.9% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 5 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Saurabh K. Mittal ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 India ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 15,959,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 15,959,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 15,959,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.9% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 6 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Noonday Capital Partners, L.L.C. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 511,900 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 511,900 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 511,900 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.3% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 OO ------------==================================================================== Page 7 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Partners, L.P. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 California ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 5,806,375 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 5,806,375 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 5,806,375 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 2.9% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN ------------==================================================================== Page 8 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners, L.P. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 California ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 5,113,900 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 5,113,900 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 5,113,900 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 2.5% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN ------------==================================================================== Page 9 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners II, L.P. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 California ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 893,500 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 893,500 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 893,500 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.4% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN ------------==================================================================== Page 10 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners III, L.P. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 874,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 874,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 874,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.4% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN ------------==================================================================== Page 11 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tinicum Partners, L.P. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 New York ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 185,500 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 185,500 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 185,500 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.1% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN ------------==================================================================== Page 12 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Offshore Investors II, L.P. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 WC, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Cayman Islands ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 2,847,100 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 2,847,100 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,847,100 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.4% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 PN ------------==================================================================== Page 13 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Management, L.L.C. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 3,391,725 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 3,391,725 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 3,391,725 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IA, OO ------------==================================================================== Page 14 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Partners, L.L.C. ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 16,232,275 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 16,232,275 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 16,232,275 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 8.0% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 OO ------------==================================================================== Page 15 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Chun R. Ding ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 16 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Duhamel ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 17 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Charles E. Ellwein ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 18 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Richard B. Fried ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 19 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Monica R. Landry ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 20 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Mellin ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 21 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stephen L. Millham ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 22 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Jason E. Moment [See Preliminary Note] ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 23 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Rajiv A. Patel ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 24 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Derek C. Schrier ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 25 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Thomas F. Steyer ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 26 of 49 Pages 13D =================== CUSIP No. 50419U202 =================== ------------==================================================================== NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Mark C. Wehrly ------------==================================================================== CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** 2 ** The reporting persons making this filing hold an aggregate of 19,624,000 Paired Shares, which is 9.7% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. ------------==================================================================== 3 SEC USE ONLY ------------==================================================================== SOURCE OF FUNDS (See Instructions) 4 AF, OO ------------==================================================================== CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) OR 2(e) [ ] ------------==================================================================== CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States ------------==================================================================== SOLE VOTING POWER 7 -0- NUMBER OF ------------===================================================== PAIRED SHARES SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 19,624,000 EACH ------------===================================================== REPORTING SOLE DISPOSITIVE POWER PERSON WITH 9 -0- ------------===================================================== SHARED DISPOSITIVE POWER 10 19,624,000 ------------==================================================================== AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 19,624,000 ------------==================================================================== CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 12 CERTAIN PAIRED SHARES (See Instructions) [ ] ------------==================================================================== PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 9.7% ------------==================================================================== TYPE OF REPORTING PERSON (See Instructions) 14 IN ------------==================================================================== Page 27 of 49 Pages This Amendment No. 2 to Schedule 13D amends the Schedule 13D initially filed on November 23, 2005 (collectively, with all amendments thereto, the "Schedule 13D"). Preliminary Note: This Amendment reports that effective on January 1, 2006 Jason E. Moment became a managing member of Farallon Capital Management, L.L.C. and Farallon Partners, L.L.C., two of the Reporting Persons listed below, and as such may be deemed to be a beneficial owner of the securities beneficially owned by such entities as of such date. Item 2. Identity And Background ------- ------------------------ Item 2 of the Schedule 13D is amended and restated in its entirety as follows: (a) This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons." The Noonday Fund ---------------- (i) Noonday Capital Partners, L.L.C., a Delaware limited liability company (the "Noonday Fund"), with respect to the Paired Shares held by it. The Noonday Sub-adviser Entities -------------------------------- (ii) Noonday G.P. (U.S.), L.L.C., a Delaware limited liability company which is a sub-investment adviser to each of the Funds and the Managed Accounts (the "First Noonday Sub-adviser"), with respect to all of the Paired Shares held by the Noonday Fund and certain of the Paired Shares held by the Farallon Funds and the Managed Accounts; (iii) Noonday Asset Management, L.P., a Delaware limited partnership, which is a sub-investment adviser to each of the Funds and the Managed Accounts (the "Second Noonday Sub-adviser"), with respect to all of the Paired Shares held by the Noonday Fund and certain of the Paired Shares held by the Farallon Funds and the Managed Accounts; and (iv) Noonday Capital, L.L.C., a Delaware limited liability company which is the general partner of the Second Noonday Sub-adviser (the "Noonday General Partner"), with respect to all of the Paired Shares held by the Noonday Fund and certain of the Paired Shares held by the Farallon Funds and the Managed Accounts. Page 28 of 49 Pages The First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Noonday General Partner are together referred to herein as the "Noonday Sub-adviser Entities." The Noonday Managing Members ---------------------------- (v) David I. Cohen ("Cohen") and Saurabh K. Mittal ("Mittal"), the managing members of both the First Noonday Sub-adviser and the Noonday General Partner, with respect to all of the Paired Shares held by the Noonday Fund and certain of the Paired Shares held by the Farallon Funds and the Managed Accounts. Cohen and Mittal are referred to herein as the "Noonday Individual Reporting Persons." The Farallon Funds ------------------ (vi) Farallon Capital Partners, L.P., a California limited partnership ("FCP"), with respect to the Paired Shares held by it; (vii) Farallon Capital Institutional Partners, L.P., a California limited partnership ("FCIP"), with respect to the Paired Shares held by it; (viii) Farallon Capital Institutional Partners II, L.P., a California limited partnership ("FCIP II"), with respect to the Paired Shares held by it; (ix) Farallon Capital Institutional Partners III, L.P., a Delaware limited partnership ("FCIP III"), with respect to the Paired Shares held by it; (x) Tinicum Partners, L.P., a New York limited partnership ("Tinicum"), with respect to the Paired Shares held by it; and (xi) Farallon Capital Offshore Investors II, L.P., a Cayman Islands exempted limited partnership ("FCOI II"), with respect to the Paired Shares held by it. FCP, FCIP, FCIP II, FCIP III, Tinicum and FCOI II are together referred to herein as the "Farallon Funds." The Noonday Fund and the Farallon Funds are together referred to herein as the "Funds." Page 29 of 49 Pages The Management Company ---------------------- (xii) Farallon Capital Management, L.L.C., a Delaware limited liability company (the "Management Company"), with respect to the Paired Shares held by certain accounts managed by the Management Company (the "Managed Accounts"). The Farallon General Partner ---------------------------- (xiii) Farallon Partners, L.L.C., a Delaware limited liability company which is the general partner of each of the Farallon Funds and the managing member of the Noonday Fund (the "Farallon General Partner"), with respect to the Paired Shares held by each of the Funds. The Farallon Managing Members ----------------------------- (xiv) The following persons who are managing members of both the Farallon General Partner and the Management Company, with respect to the Paired Shares held by the Funds and the Managed Accounts: Chun R. Ding ("Ding"), William F. Duhamel ("Duhamel"), Charles E. Ellwein ("Ellwein"), Richard B. Fried ("Fried"), Monica R. Landry ("Landry"), William F. Mellin ("Mellin"), Stephen L. Millham ("Millham"), Jason E. Moment ("Moment"), Rajiv A. Patel ("Patel"), Derek C. Schrier ("Schrier"), Thomas F. Steyer ("Steyer") and Mark C. Wehrly ("Wehrly"). Ding, Duhamel, Ellwein, Fried, Landry, Mellin, Millham, Moment, Patel, Schrier, Steyer and Wehrly are together referred to herein as the "Farallon Individual Reporting Persons." The Noonday Individual Reporting Persons and the Farallon Individual Reporting Persons are together referred to herein as the "Individual Reporting Persons." (b) The address of the principal business and principal office of (i) the Funds, the Management Company and the Farallon General Partner is One Maritime Plaza, Suite 1325, San Francisco, California 94111, (ii) the Noonday Sub-adviser Entities is 227 West Trade Street, Suite 2140, Charlotte, North Carolina 28202, and (iii) each of the Individual Reporting Persons is set forth in Annex 1 hereto. (c) The principal business of each of the Funds is that of a private investment fund engaging in the purchase and sale of investments for its own account. The principal business of Page 30 of 49 Pages the First Noonday Sub-adviser and the Second Noonday Sub-adviser is to act as a sub-investment adviser to the Funds and the Managed Accounts. The principal business of the Noonday General Partner is to act as the general partner of the Second Noonday Sub-adviser. The principal business of the Management Company is that of a registered investment adviser. The principal business of the Farallon General Partner is to act as the general partner of the Farallon Funds and the managing member of the Noonday Fund. The principal business of each of the Individual Reporting Persons is set forth in Annex 1 hereto. (d) None of the Funds, the Noonday Sub-adviser Entities, the Management Company, the Farallon General Partner or the Individual Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Funds, the Noonday Sub-adviser Entities, the Management Company, the Farallon General Partner or the Individual Reporting Persons has, during the last five years, been 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. (f) The citizenship of each of the Funds, the Noonday Sub-adviser Entities, the Management Company and the Farallon General Partner is set forth above. Each of the Individual Reporting Persons other than Mittal is a citizen of the United States. Mittal is a citizen of India. The other information required by Item 2 relating to the identity and background of the Reporting Persons is set forth in Annex 1 hereto. Page 31 of 49 Pages Item 3. Source And Amount Of Funds And Other Consideration ------- -------------------------------------------------- Item 3 of the Schedule 13D is amended and supplemented by the following: The net investment cost (including commissions) for the Paired Shares acquired by each of the Funds other than FCOI II since the filing of the prior Schedule 13D is set forth below: Entity Paired Shares Acquired Approximate Net ------ ---------------------- --------------- Investment Cost --------------- Noonday Fund 99,400 $ 1,107,707 FCP 1,452,700 $ 16,192,998 FCIP 1,020,500 $ 11,370,047 FCIP II 182,300 $ 2,029,426 FCIP III 107,800 $ 1,200,231 Tinicum 46,300 $ 515,803 The consideration for such acquisitions was obtained as follows: (i) with respect to the Noonday Fund, FCP and Tinicum, from working capital and/or from borrowings pursuant to margin accounts maintained in the ordinary course of business by the Noonday Fund, FCP and Tinicum at Goldman, Sachs & Co.; and (ii) with respect to FCIP, FCIP II and FCIP III, from working capital. The Noonday Fund, FCP and Tinicum hold certain securities in their respective margin accounts at Goldman, Sachs & Co., and the accounts may from time to time have debit balances. It is not possible to determine the amount of borrowings, if any, used to acquire the Paired Shares. There have been no acquisitions of Paired Shares by FCOI II or the Managed Accounts since the filing of the prior Schedule 13D. Item 5. Interest In Securities Of The Issuer ------- ------------------------------------ Item 5 of the Schedule 13D is amended and restated in its entirety as follows: Page 32 of 49 Pages (a) The Funds --------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Fund is incorporated herein by reference for each such Fund. The percentage amount set forth in Row 13 for all cover pages filed herewith is calculated based upon the 202,734,763 Paired Shares outstanding as of December 19, 2005 as reported by the Company in its Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on December 21, 2005. (c) The trade dates, number of Paired Shares purchased or sold and the price per Paired Share (including commissions) for all purchases and sales of the Paired Shares by the Funds since the filing of the prior Schedule 13D are set forth on Schedules A-F hereto and are incorporated herein by reference. All of such transactions were open-market transactions. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds as reported herein. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of the Farallon General Partner. (e) Not applicable. (b) The Noonday Sub-adviser Entities -------------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Noonday Sub-adviser Entity is incorporated herein by reference for each such Noonday Sub-adviser Entity. (c) None. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds as reported herein. Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Management Company has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Managed Accounts as reported herein. The Noonday General Partner is the general partner of the Second Noonday Page 33 of 49 Pages Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of both the Farallon General Partner and the Management Company. (e) Not applicable. (c) The Noonday Individual Reporting Persons ---------------------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Noonday Individual Reporting Person is incorporated herein by reference for each such Noonday Individual Reporting Person. (c) None. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds. Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Management Company has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Managed Accounts. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of both the Farallon General Partner and the Management Company. (e) Not applicable. (d) The Management Company ---------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for the Management Company is incorporated herein by reference. (c) None. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Management Company has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Managed Accounts as reported herein. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Page 34 of 49 Pages Noonday General Partner. The Farallon Individual Reporting Persons are managing members of the Management Company. (e) Not applicable. (e) The Farallon General Partner ---------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for the Farallon General Partner is incorporated herein by reference. (c) None. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds as reported herein. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of the Farallon General Partner. (e) Not applicable. (f) The Farallon Individual Reporting Persons ----------------------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Farallon Individual Reporting Person is incorporated herein by reference for each such Farallon Individual Reporting Person. (c) None. (d) Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Farallon General Partner has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Funds as reported herein. Each of the First Noonday Sub-adviser, the Second Noonday Sub-adviser and the Management Company has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all or certain of the Paired Shares held by the Managed Accounts as reported herein. The Noonday General Partner is the general partner of the Second Noonday Sub-adviser. The Noonday Individual Reporting Persons are managing members of both the First Noonday Sub-adviser and the Noonday General Partner. The Farallon Individual Reporting Persons are managing members of both the Farallon General Partner and the Management Company. Page 35 of 49 Pages (e) Not applicable. The Paired Shares reported hereby for the Funds are owned directly by the Funds and those reported by the Management Company on behalf of the Managed Accounts are owned directly by the Managed Accounts. The First Noonday Sub-adviser and the Second Noonday Sub-adviser, as sub-investment advisers to the Funds and the Managed Accounts, may be deemed to be the beneficial owners of all such Paired Shares owned by the Noonday Fund and certain of the Paired Shares owned by the Farallon Funds and the Managed Accounts. The Noonday General Partner, as general partner to the Second Noonday Sub-adviser, may be deemed to be the beneficial owner of all such Paired Shares owned by the Noonday Fund and certain of the Paired Shares owned by the Farallon Funds and the Managed Accounts. The Noonday Individual Reporting Persons, as managing members of both the First Noonday Sub-adviser and the Noonday General Partner, may each be deemed to be the beneficial owner of all such Paired Shares owned by the Noonday Fund and certain of the Paired Shares owned by the Farallon Funds and the Managed Accounts. The Management Company, as investment adviser to the Managed Accounts, may be deemed to be the beneficial owner of all such Paired Shares owned by the Managed Accounts. The Farallon General Partner, as general partner to the Farallon Funds and managing member of the Noonday Fund, may be deemed to be the beneficial owner of all such Paired Shares owned by the Funds. The Farallon Individual Reporting Persons, as managing members of both the Management Company and the Farallon General Partner with the power to exercise investment discretion, may each be deemed to be the beneficial owner of all such Paired Shares owned by the Funds and the Managed Accounts. Each of the Noonday Sub-adviser Entities, the Management Company, the Farallon General Partner and the Individual Reporting Persons hereby disclaims any beneficial ownership of any such Paired Shares. Item 7. Materials To Be Filed As Exhibits ------- --------------------------------- There is filed herewith as Exhibit 2 a written agreement relating to the filing of joint acquisition statements as required by Section 240.13d-1(k) under the Securities Exchange Act of 1934, as amended. Page 36 of 49 Pages SIGNATURES ---------- After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: January 13, 2006 /s/ Mark C. Wehrly ---------------------------------------- NOONDAY CAPITAL, L.L.C., On its own behalf and as the General Partner of NOONDAY ASSET MANAGEMENT, L.P. By Mark C. Wehrly, Attorney-in-fact /s/ Mark C. Wehrly ---------------------------------------- NOONDAY G.P. (U.S.), L.L.C. By Mark C. Wehrly, Attorney-in-fact /s/ Mark C. Wehrly ---------------------------------------- FARALLON PARTNERS, L.L.C., On its own behalf, as the General Partner of FARALLON CAPITAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P., TINICUM PARTNERS, L.P. and FARALLON CAPITAL OFFSHORE INVESTORS II, L.P. and as the Managing Member of NOONDAY CAPITAL PARTNERS, L.L.C. By Mark C. Wehrly, Managing Member Page 37 of 49 Pages /s/ Mark C. Wehrly ---------------------------------------- FARALLON CAPITAL MANAGEMENT, L.L.C. By Mark C. Wehrly, Managing Member /s/ Mark C. Wehrly ---------------------------------------- Mark C. Wehrly, individually and as attorney-in-fact for each of David I. Cohen, Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Richard B. Fried, Monica R. Landry, William F. Mellin, Stephen L. Millham, Saurabh K. Mittal, Jason E. Moment, Rajiv A. Patel, Derek C. Schrier and Thomas F. Steyer The Powers of Attorney executed by Ding and Schrier authorizing Wehrly to sign and file this Schedule 13D on each person's behalf, which were filed with Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange Commission on July 2, 2003, by such Reporting Persons with respect to the Common Stock of Salix Pharmaceuticals, Ltd., are hereby incorporated by reference. The Powers of Attorney executed by Ellwein and Patel authorizing Wehrly to sign and file this Schedule 13D on each person's behalf, which were filed with Amendment No. 4 to the Schedule 13G filed with the Securities and Exchange Commission on January 8, 2004, by such Reporting Persons with respect to the Common Stock of Catalytica Energy Systems, Inc., are hereby incorporated by reference. The Powers of Attorney executed by Noonday G.P. (U.S.), L.L.C., Noonday Asset Management, L.P., Noonday Capital, L.L.C. and Cohen authorizing Wehrly to sign and file this Schedule 13D on each person's behalf, which were filed with Amendment No. 5 to the Schedule 13G filed with the Securities and Exchange Commission on January 10, 2005, by such Reporting Person with respect to the Common Stock of Catalytica Energy Systems, Inc., are hereby incorporated by reference. The Power of Attorney executed by Mittal authorizing Wehrly to sign and file this Schedule 13D on his behalf, which was filed with Amendment No. 6 to the Schedule 13G filed with the Securities and Exchange Commission on October 5, 2005, by such Reporting Person with respect to the Common Stock of Catalytica Energy Systems, Inc., is hereby incorporated by reference. The Power of Attorney executed by Moment authorizing Wehrly to sign and file this Schedule 13D on his behalf, which was filed with the Schedule 13D filed with the Securities and Exchange Commission on January 9, 2006, by such Reporting Person with respect to the Common Stock of Vintage Petroleum, Inc., is hereby incorporated by reference. The Powers of Attorney executed by Duhamel, Fried, Landry, Mellin, Millham and Steyer authorizing Wehrly to sign and file this Schedule 13D on each person's behalf, which were filed with Amendment No. 2 to the Schedule 13G filed with the Securities and Exchange Commission on January 13, 2006, by such Reporting Persons with respect to the Common Stock of Arbor Realty Trust, Inc., are hereby incorporated by reference. Page 38 of 49 Pages ANNEX 1 Set forth below with respect to the Noonday Sub-adviser Entities, the Management Company and the Farallon General Partner is the following information: (a) name; (b) address; (c) principal business; (d) state of organization; and (e) controlling persons. Set forth below with respect to each Individual Reporting Person is the following information: (a) name; (b) business address; (c) principal occupation; and (d) citizenship. 1. The First Noonday Sub-adviser ----------------------------- (a) Noonday G.P. (U.S.), L.L.C. (b) c/o Noonday Asset Management, L.P. 227 West Trade Street, Suite 2140 Charlotte, North Carolina 28202 (c) Serves as sub-investment adviser to investment funds (d) Delaware limited liability company (e) Managing Members: David I. Cohen and Saurabh K. Mittal 2. The Second Noonday Sub-adviser ------------------------------ (a) Noonday G.P. (U.S.), L.L.C. (b) c/o Noonday Asset Management, L.P. 227 West Trade Street, Suite 2140 Charlotte, North Carolina 28202 (c) Serves as sub-investment adviser to investment funds (d) Delaware limited liability company (e) Managing Members: David I. Cohen and Saurabh K. Mittal 3. The Noonday General Partner --------------------------- (a) Noonday G.P. (U.S.), L.L.C. (b) c/o Noonday Asset Management, L.P. 227 West Trade Street, Suite 2140 Charlotte, North Carolina 28202 (c) Serves as general partner of the Second Noonday Sub-adviser (d) Delaware limited liability company (e) Managing Members: David I. Cohen and Saurabh K. Mittal 4. The Noonday Individual Reporting Persons ---------------------------------------- Cohen is a citizen of the United States. Mittal is a citizen of India. The business address of each of the Noonday Individual Reporting Persons is c/o Noonday Asset Management, L.P., 227 West Trade Street, Suite 2140, Charlotte, North Carolina 28202. The principal occupation of each of the Noonday Individual Reporting Persons is serving as managing member of both the First Noonday Sub-adviser and the Noonday General Partner. The Noonday Individual Reporting Persons do not have any additional information to disclose Page 39 of 49 Pages with respect to Items 2-6 of the Schedule 13D that is not already disclosed in the Schedule 13D. 5. The Management Company ---------------------- (a) Farallon Capital Management, L.L.C. (b) One Maritime Plaza, Suite 1325 San Francisco, California 94111 (c) Serves as investment adviser to various managed accounts (d) Delaware limited liability company (e) Managing Members: Thomas F. Steyer, Senior Managing Member; Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Alice F. Evarts, Richard B. Fried, Monica R. Landry, William F. Mellin, Stephen L. Millham, Jason E. Moment, Rajiv A. Patel, Derek C. Schrier, Gregory S. Swart and Mark C. Wehrly, Managing Members. 6. The Farallon General Partner ---------------------------- (a) Farallon Partners, L.L.C. (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza, Suite 1325 San Francisco, California 94111 (c) Serves as general partner to investment partnerships (d) Delaware limited liability company (e) Managing Members: Thomas F. Steyer, Senior Managing Member; Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Alice F. Evarts, Richard B. Fried, Monica R. Landry, William F. Mellin, Stephen L. Millham, Jason E. Moment, Rajiv A. Patel, Derek C. Schrier, Gregory S. Swart and Mark C. Wehrly, Managing Members. 7. Managing Members of the Management Company and the Farallon General ------------------------------------------------------------------- Partner ------- Each of the managing members of the Management Company and the Farallon General Partner other than Swart is a citizen of the United States. Swart is a citizen of New Zealand. The business address of each of the managing members of the Management Company and the Farallon General Partner is c/o Farallon Capital Management, L.L.C., One Maritime Plaza, Suite 1325, San Francisco, California 94111. The principal occupation of Thomas F. Steyer is serving as senior managing member of both the Management Company and the Farallon General Partner. The principal occupation of each other managing member of the Management Company and the Farallon General Partner is serving as a managing member of both the Management Company and the Farallon General Partner. None of the managing members of the Management Company and the Farallon General Partner has any additional information to disclose with respect to Items 2-6 of the Schedule 13D that is not already disclosed in the Schedule 13D. Page 40 of 49 Pages SCHEDULE A ---------- NOONDAY CAPITAL PARTNERS, L.L.C. -------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARE ($) ------------ --------- ----------------- 12/19/2005 1,300 11.04 12/20/2005 2,600 11.05 12/21/2005 9,000 11.11 12/22/2005 3,600 11.12 12/27/2005 2,900 11.14 12/27/2005 1,000 11.14 12/27/2005 2,500 11.14 12/28/2005 2,700 11.15 12/28/2005 1,200 11.15 12/28/2005 3,000 11.15 12/29/2005 1,900 11.15 12/29/2005 4,300 11.15 12/30/2005 5,700 11.15 12/30/2005 2,900 11.15 1/3/2006 2,500 11.15 1/3/2006 1,300 11.15 1/3/2006 16,400 11.15 1/4/2006 2,400 11.15 1/4/2006 2,400 11.15 1/4/2006 2,100 11.15 1/5/2006 13,300 11.15 1/6/2006 6,000 11.17 1/6/2006 4,800 11.17 1/10/2006 2,100 11.17 1/12/2006 1,500 11.18 Page 41 of 49 Pages SCHEDULE B ---------- FARALLON CAPITAL PARTNERS, L.P. ------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARE ($) ------------ --------- ----------------- 12/19/2005 12,900 11.04 12/20/2005 30,900 11.05 12/21/2005 88,500 11.11 12/22/2005 36,800 11.12 12/27/2005 19,300 11.14 12/27/2005 7,600 11.14 12/27/2005 22,200 11.14 12/28/2005 28,600 11.15 12/28/2005 11,300 11.15 12/28/2005 25,300 11.15 12/29/2005 24,400 11.15 12/29/2005 55,600 11.15 12/30/2005 38,200 11.15 12/30/2005 74,300 11.15 1/3/2006 338,700 11.15 1/3/2006 25,900 11.15 1/3/2006 52,200 11.15 1/4/2006 33,700 11.15 1/4/2006 33,700 11.15 1/4/2006 30,000 11.15 1/5/2006 232,500 11.15 1/6/2006 100,400 11.17 1/6/2006 80,600 11.17 1/10/2006 33,100 11.17 1/12/2006 16,000 11.18 Page 42 of 49 Pages SCHEDULE C ---------- FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P. --------------------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARE ($) ------------ --------- ----------------- 12/19/2005 13,300 11.04 12/20/2005 30,900 11.05 12/21/2005 98,700 11.11 12/22/2005 39,800 11.12 12/27/2005 31,400 11.14 12/27/2005 10,800 11.14 12/27/2005 27,100 11.14 12/28/2005 38,900 11.15 12/28/2005 15,300 11.15 12/28/2005 34,100 11.15 12/29/2005 26,000 11.15 12/29/2005 59,200 11.15 12/30/2005 69,600 11.15 12/30/2005 35,700 11.15 1/3/2006 249,900 11.15 1/3/2006 38,300 11.15 1/3/2006 19,200 11.15 1/4/2006 11,500 11.15 1/4/2006 10,200 11.15 1/4/2006 11,500 11.15 1/5/2006 74,300 11.15 1/6/2006 31,700 11.17 1/6/2006 25,500 11.17 1/10/2006 12,400 11.17 1/12/2006 5,200 11.18 Page 43 of 49 Pages SCHEDULE D ---------- FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P. ------------------------------------------------ NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARE ($) ------------ --------- ----------------- 12/19/2005 6,000 11.04 12/20/2005 10,100 11.05 12/21/2005 30,800 11.11 12/22/2005 11,200 11.12 12/27/2005 3,300 11.14 12/27/2005 8,400 11.14 12/27/2005 9,600 11.14 12/28/2005 7,800 11.15 12/28/2005 8,800 11.15 12/28/2005 3,500 11.15 12/29/2005 12,800 11.15 12/29/2005 5,600 11.15 12/30/2005 14,300 11.15 12/30/2005 7,300 11.15 1/3/2006 23,000 11.15 1/3/2006 3,500 11.15 1/3/2006 1,800 11.15 1/4/2006 800 11.15 1/4/2006 900 11.15 1/4/2006 900 11.15 1/5/2006 5,700 11.15 1/6/2006 2,600 11.17 1/6/2006 2,100 11.17 1/10/2006 900 11.17 1/12/2006 600 11.18 Page 44 of 49 Pages SCHEDULE E ---------- FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P. ------------------------------------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARE ($) ------------ --------- ----------------- 12/19/2005 2,600 11.04 12/20/2005 5,700 11.05 12/21/2005 17,900 11.11 12/22/2005 6,600 11.12 12/27/2005 4,400 11.14 12/27/2005 5,000 11.14 12/27/2005 1,700 11.14 12/28/2005 1,700 11.15 12/28/2005 4,400 11.15 12/28/2005 3,900 11.15 12/29/2005 7,800 11.15 12/29/2005 3,400 11.15 12/30/2005 8,600 11.15 12/30/2005 4,400 11.15 1/3/2006 1,300 11.15 1/3/2006 2,500 11.15 1/3/2006 16,400 11.15 1/4/2006 600 11.15 1/4/2006 600 11.15 1/4/2006 500 11.15 1/5/2006 3,800 11.15 1/6/2006 1,700 11.17 1/6/2006 1,400 11.17 1/10/2006 600 11.17 1/12/2006 300 11.18 Page 45 of 49 Pages SCHEDULE F ---------- TINICUM PARTNERS, L.P. ---------------------- NO. OF PAIRED SHARES PRICE PER TRADE DATE PURCHASED PAIRED SHARE ($) ------------ --------- ----------------- 12/19/2005 900 11.04 12/20/2005 1,800 11.05 12/21/2005 5,100 11.11 12/22/2005 2,000 11.12 12/27/2005 1,700 11.14 12/27/2005 1,500 11.14 12/27/2005 600 11.14 12/28/2005 500 11.15 12/28/2005 1,200 11.15 12/28/2005 1,300 11.15 12/29/2005 2,100 11.15 12/29/2005 900 11.15 12/30/2005 1,500 11.15 12/30/2005 2,900 11.15 1/3/2006 1,000 11.15 1/3/2006 500 11.15 1/3/2006 6,600 11.15 1/4/2006 800 11.15 1/4/2006 900 11.15 1/4/2006 900 11.15 1/5/2006 5,700 11.15 1/6/2006 2,600 11.17 1/6/2006 2,000 11.17 1/10/2006 900 11.17 1/12/2006 400 11.18 Page 46 of 49 Pages EXHIBIT INDEX EXHIBIT 2 Joint Acquisition Statement Pursuant to Section 240.13d-1(k) Page 47 of 49 Pages EXHIBIT 2 to SCHEDULE 13D JOINT ACQUISITION STATEMENT PURSUANT TO SECTION 240.13d-1(k) -------------------------------- 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 on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. 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 him, her or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate. Dated: January 13, 2006 /s/ Mark C. Wehrly ---------------------------------------- NOONDAY CAPITAL, L.L.C., On its own behalf and as the General Partner of NOONDAY ASSET MANAGEMENT, L.P. By Mark C. Wehrly, Attorney-in-fact /s/ Mark C. Wehrly ---------------------------------------- NOONDAY G.P. (U.S.), L.L.C. By Mark C. Wehrly, Attorney-in-fact Page 48 of 49 Pages /s/ Mark C. Wehrly ---------------------------------------- FARALLON PARTNERS, L.L.C., On its own behalf, as the General Partner of FARALLON CAPITAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P., TINICUM PARTNERS, L.P. and FARALLON CAPITAL OFFSHORE INVESTORS II, L.P. and as the Managing Member of NOONDAY CAPITAL PARTNERS, L.L.C. By Mark C. Wehrly, Managing Member /s/ Mark C. Wehrly ---------------------------------------- FARALLON CAPITAL MANAGEMENT, L.L.C. By Mark C. Wehrly, Managing Member /s/ Mark C. Wehrly ---------------------------------------- Mark C. Wehrly, individually and as attorney-in-fact for each of David I. Cohen, Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Richard B. Fried, Monica R. Landry, William F. Mellin, Stephen L. Millham, Saurabh K. Mittal, Jason E. Moment, Rajiv A. Patel, Derek C. Schrier and Thomas F. Steyer Page 49 of 49 Pages