SC 13D 1 tellabs13d-110712.htm NOVEMBER 7, 2012 tellabs13d-110712.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No.  )*
 
Tellabs, Inc.
(Name of Issuer)
 
Common Shares
(Title of Class of Securities)
 
879664100
(CUSIP Number)
 
Third Avenue Management LLC
Attn: W. James Hall
622 Third Avenue, 31st Floor
New York, NY 10017
(212) 888-5222
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
November 7, 2012
(Date of Event Which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. x
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 

 

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
 
CUSIP No. 879664100
   

1
NAMES OF REPORTING PERSONS:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
Third Avenue Management LLC (01-0690900)
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a)  o (b)  o
3
SEC USE ONLY:
4
SOURCE OF FUNDS (SEE INSTRUCTIONS):
WC
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e):   o
6
CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
NUMBER OF SHARES BENEFI-
CIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER:
 
34,757,600  shares
 
8
SHARED VOTING POWER:
 
0
9
SOLE DISPOSITIVE POWER:
 
35,368,525 shares
 
10
SHARED DISPOSITIVE POWER:
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
35,368,525  shares
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo
(SEE INSTRUCTIONS):
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
9.63  %
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
IA

 
Note: All shares identified above are the Issuer’s common shares, and the percentage in Row 13 above relates to such common shares.

 
 

 

Item 1.                      Security and Issuer

This statement on Schedule 13D (this “Schedule 13D”) relates to the shares of common stock, par value $0.01 per share (the “Common Shares”), of Tellabs, Inc., a Delaware corporation (the “Issuer”), with principal executive offices at One Tellabs Center, 1415 W. Diehl Road, Naperville, Illinois 60563.

 
Item 2.                      Identity and Background

(a)           Name

This statement is filed by Third Avenue Management LLC (“TAM”). The executive officers of TAM are:

·  
David Barse: Chief Executive Officer of TAM.
·  
David Resnick: President of TAM
·  
Vincent J. Dugan: Chief Financial Officer of TAM.
·  
W. James Hall: General Counsel and Secretary of TAM.

TAM is a registered investment adviser that acts as direct adviser to certain investment companies and other funds, as a sub-adviser to certain other institutions, and as an adviser to separately managed accounts including: (i) Third Avenue Trust, on behalf of Third Avenue Value Fund, an investment company registered under the Investment Company Act of 1940; (ii) Third Avenue Capital plc - Third Avenue Value Fund, an umbrella open-ended investment company authorized by the Irish Central Bank under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations; (iii) Third Avenue Trust, on behalf of Third Avenue Small-Cap Value Fund, an investment company registered under the Investment Company Act of 1940; (iv) Third Avenue Capital plc - Third Avenue Small-Cap Value Fund, an umbrella open-ended investment company authorized by the Irish Central Bank under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations; (v) Met Investors Series Trust, Third Avenue Small Cap Value Portfolio; (vi) Transamerica Third Avenue Value Fund, an investment company registered under the Investment Company Act of 1940; (vii) Transamerica Third Avenue Value Fund VP, an investment company registered under the Investment Company Act of 1940; (viii) Manulife Global Focused Fund is a trust established by a Declaration of Trust dated June 20, 2005, as amended under the laws of Ontario; (ix) Manulife Global Focused Class are classes of shares of Manulife Investment Exchange Funds Corp., a mutual fund corporation, established by Articles of Amalgamation dated October 23, 2010 under the laws of Ontario;  (x) Seasons Series Trust Focus Value Portfolio, an investment company registered under the Investment Company Act of 1940; (xi) Touchstone Variable Series Trust Third Avenue Value Fund, an investment company registered under the Investment Company Act of 1940; (xii) Third Avenue Variable Series Trust – Third Avenue Value Portfolio, an investment company registered under the Investment Company Act of 1940; and (xiii), certain separately managed accounts for which TAM serves as investment adviser.

(b)            Residence

The address of the principal business and principal office of TAM and its executive officers is 622 Third Avenue, 31st Floor, New York, NY 10017.

(c)            Present Principal Occupation or Employment and the Name, Principal Business and Address of any Corporation or Other Organization in which such Employment is Conducted

The principal business of TAM, a registered investment advisor under Section 203 of the Investment Advisors Act of 1940, is to invest funds on a discretionary basis on behalf of investment companies registered under the Investment Company Act of 1940, sub-advised accounts and individually managed separate accounts.  The principal occupation of each of its executive officers is to act in the capacity listed above.

(d)            Criminal Convictions

Neither TAM, nor, to the best of its knowledge, any of its executive officers has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
 
 
 

 

 
(e)            Civil Proceedings

Neither TAM, nor, to the best of its knowledge, any of its executive officers has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)            Citizenship

TAM is a limited liability company organized under the laws of the State of Delaware.  Each of its executive officers is a citizen of the United States.

Item 3.                      Source and Amount of Funds or Other Consideration

TAM is a registered investment adviser that acts as direct adviser to certain investment companies and other funds, as a sub-adviser to certain other institutions, and as an adviser to separately managed accounts.  The funds used to acquire the Common Shares reported in this Schedule 13D were from the working capital of the funds and accounts advised by TAM.

Advised Funds:

(i) Third Avenue Trust, on behalf of Third Avenue Value Fund, an investment company registered under the Investment Company Act of 1940, has expended $94,129,226.58 to acquire 21,648,175 Common  Shares; (ii) Third Avenue Capital plc – Third Avenue Value Fund, an umbrella open-ended investment company authorized by the Irish Central Bank under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations has expended $1,071,537.44 to acquire 295,950 Common Shares; (iii) Third Avenue Trust, on behalf of Third Avenue Small-Cap Value Fund, an investment company registered under the Investment Company Act of 1940 has expended $8,418,231.50 to acquire 1,635,257 Common Shares; (iv) Third Avenue Capital plc – Third Avenue Small-Cap Value Fund, an umbrella open-ended investment company authorized by the Irish Central Bank under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations has expended $113,980.93 to acquire 25,950 Common Shares; (v) Third Avenue Variable Series Trust – Third Avenue Value Portfolio, an investment company registered under the Investment Company Act of 1940 has expended $4,847,079.14 to acquire 1,124,050 Common Shares; (vi) Transamerica Third Avenue Value Fund an investment company registered under the Investment Company Act of 1940 has expended $8,517,570.33 to acquire 941,479 Common Shares; (vii) Transamerica Third Avenue Value Fund VP, an investment company registered under the Investment Company Act of 1940 has expended $2,768,148.54 to acquire 466,171 Common Shares; (viii) Manulife Global Focused Fund is a trust established by a Declaration of Trust dated June 20, 2005, as amended under the laws of Ontario has expended $7,129,230.14 to acquire 1,725,942 Common Shares; (ix) Manulife Global Focused Class are classes of shares of Manulife Investment Exchange Funds Corp., a mutual fund corporation, established by Articles of Amalgamation dated October 23, 2010 under the laws of Ontario has expended $1,735,219.30 to acquire 435,850 Common Shares;  (x) MetLife Third Avenue Small-Cap Value Portfolio, an investment company registered under the Investment Company Act of 1940 has expended $26,209,989.18 to acquire 4,481,812 Common Shares; (xi) Seasons Series Trust Focus Value Portfolio, an investment company registered under the Investment Company Act of 1940 has expended $ 1,996,428.74 to acquire 585,300 Common Shares;  (xii)Touchstone Variable Series Trust Third Avenue Value Fund, an investment company registered under the Investment Company Act of 1940 has expended $1,455,005.04 to acquire 198,450 Common Shares; and (xiii), certain separately managed accounts for which TAM serves as investment adviser have expended $10,295,576.88 to acquire 1,804,139 Common Shares.  TAM plans to use the available capital of these funds and accounts in any future purchase of the Shares.
 
 
 
 

 

 
Item 4.                      Purpose of Transaction

TAM previously acquired, on behalf of certain investment advisory clients of TAM, Common Shares of the Issuer for investment purposes.  TAM currently exercises control or discretion over approximately 9.63% of the Issuer’s Common Shares. TAM’s purchases of the Common Shares were made in the ordinary course of business.  The Common Shares over which TAM currently exercises control or discretion are beneficially owned by certain investment advisory clients of TAM on whose behalf TAM has discretionary investment authority.  TAM, on behalf of its investment advisory clients, may in the future purchase additional Common Shares or dispose of some or all of the Common Shares that they have acquired or may hereafter acquire.

TAM reserves the right to discuss and/or meet with management, the Board of Directors of the Issuer, other shareholders and other third parties and/or formulate plans or proposals regarding the Issuer or its securities.  As part of such activities, the Reporting Persons may ask questions, take positions and/or make proposals with respect to a variety of subjects, including potential changes in the operations, management, Board of Directors composition, ownership, capital structure, strategy and future plans of the Issuer, including other strategic alternatives, as a means of enhancing shareholder value.  Such suggestions or positions may include one or more plans or proposals that relate to or would result in any of the actions required to be reported herein.

Other than as described herein, TAM does not have any plans or proposals that would result in any of the actions described in paragraphs (b) through (j) of Item 4 of the instructions to Schedule 13D.

Item 5.                      Interest in Securities of the Issuer

(a-b)               The aggregate number and percentage of Common Shares to which this Schedule 13D relates is   35,368,525 Common Shares, constituting approximately 9.63% of the Common Shares outstanding.1

1.       Third Avenue Trust, on behalf of Third Avenue Value Fund
 
                   (a)      Amount beneficially owned: 21,648,175 Common Shares
(b)      Percent of class:   5.89%
(c)      Number of Common Shares as to which TAM has:
(i)       Sole power to vote or direct the vote: 21,648,175
(ii)      Shared power to vote or direct the vote: 0
(iii)     Sole power to dispose or direct the disposition: 21,648,175
(iv)     Shared power to dispose or direct the disposition: 0
 
2.       Third Avenue Capital plc – Third AvenueValue Fund
 
                   (a)      Amount beneficially owned: 295,950 Common Shares.
(b)      Percent of class:  0.08%
(c)      Number of Common Shares as to which TAM has:
        (i)         Sole power to vote or direct the vote: 295,950
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 295,950
(iv)       Shared power to dispose or direct the disposition: 0

3.       Third Avenue Trust, on behalf of Third Small-Cap Value Fund
 
                   (a)      Amount beneficially owned: 1,635,257 Common Shares
(b)      Percent of class:  0.44%
(c)      Number of Common Shares as to which TAM has:
        (i)         Sole power to vote or direct the vote: 1,635,257
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 1,635,257
(iv)       Shared power to dispose or direct the disposition: 0
 
1           The executive officers of TAM  do not individually own  any Common Shares.

 
 

 

 
4.       Third Avenue Capital plc – Third Avenue Small-Cap Value Fund

(a)      Amount beneficially owned: 25,950 Common Shares.
(b)      Percent of class: 0.01%
(c)      Number of Common Shares as to which TAM has:
        (i)         Sole power to vote or direct the vote: 25,950
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 25,950
(iv)      Shared power to dispose or direct the disposition: 0

5.       Third Avenue Variable Series Trust – Third Avenue Value Portfolio

(a)      Amount beneficially owned: 1,124,050 Common Shares.
(b)      Percent of class: 0.31%
(c)      Number of Common Shares as to which TAM has:
(i)         Sole power to vote or direct the vote: 1,124,050
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 1,124,050
(iv)       Shared power to dispose or direct the disposition: 0

6.       Transamerica Third Avenue Value Fund

(a)      Amount beneficially owned: 941,479 Common Shares.
(b)      Percent of class: 0.26 %
(c)      Number of Common Shares as to which TAM has:
(i)         Sole power to vote or direct the vote: 941,479
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 941,479
(iv)       Shared power to dispose or direct the disposition: 0

7.       Transamerica Third Avenue Value Fund VP

(a)      Amount beneficially owned: 466,171 Common Shares.
(b)      Percent of class: 0.13%
(c)      Number of Common Shares as to which TAM has:
(i)         Sole power to vote or direct the vote: 466,171
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 466,171
(iv)       Shared power to dispose or direct the disposition: 0

8.       Met Investors Series Trust – Third Avenue Small Cap Value Portfolio

(a)      Amount beneficially owned: 4,481,812 Common Shares.
(b)      Percent of class: 1.22%
(c)      Number of Common Shares as to which TAM has:
(i)         Sole power to vote or direct the vote: 4,481,812
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 4,481,812
(iv)      Shared power to dispose or direct the disposition: 0

9.       Seasons Series Trust Focus Value Portfolio

(a)      Amount beneficially owned: 585,300 Common Shares.
(b)      Percent of class: 0.16%
(c)      Number of Common Shares as to which TAM has:
(i)         Sole power to vote or direct the vote:  0
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 585,300
(iv)      Shared power to dispose or direct the disposition: 0
 
 
 
 

 

 
10.       Manulife Global Focused Fund

(a)      Amount beneficially owned: 1,725,942 Common Shares.
(b)      Percent of class: 0.47%
(c)      Number of Common Shares as to which TAM has:
(i)         Sole power to vote or direct the vote: 1,725,942
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 1,725,942
(iv)      Shared power to dispose or direct the disposition: 0
 
11.       Manulife Global Focused Class

(a)      Amount beneficially owned: 435,850 Common Shares.
(b)      Percent of class: 0.12%
(c)      Number of Common Shares as to which TAM has:
(i)         Sole power to vote or direct the vote: 435,850
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 435,850
(iv)      Shared power to dispose or direct the disposition: 0

12.       Touchstone Variable Series Trust Third Avenue Value Fund

(a)      Amount beneficially owned: 198,450 Common Shares.
(b)      Percent of class: 0.05%
(c)      Number of Common Shares as to which TAM has:
(i)         Sole power to vote or direct the vote: 198,450
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 198,450
(iv)      Shared power to dispose or direct the disposition: 0

13.       Third Avenue Separately Managed Accounts

(a)      Amount beneficially owned: 1,804,139 Common Shares.
(b)      Percent of class: 0.49%
(c)      Number of Common Shares as to which TAM has:
(i)         Sole power to vote or direct the vote: 1,778,514 Common Shares
(ii)        Shared power to vote or direct the vote: 0
(iii)       Sole power to dispose or direct the disposition: 1,804,139 Common Shares
(iv)      Shared power to dispose or direct the disposition: 0
 
(c)            A list of the transactions in the Issuer’s Common Shares that were effected by TAM during the past sixty days is attached as Schedule A hereto and is incorporated herein by reference.  All of the transactions listed on Schedule A were effected in the open market.

(d)            No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such Common Shares other than the funds and accounts identified above.

(e)            Not applicable.

 
 
 

 
 
Item 6.                      Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Except as otherwise set forth herein, neither TAM, nor to the best of its knowledge, any of the persons identified in Item 2 above, has any contract, arrangement, understanding or relationship with any person with respect to any securities of the Issuer.

 
Item 7.                      Material to be Filed as an Exhibit

The following documents are filed as exhibits:

Schedule A:  List of the transactions in the Issuer’s Common Shares that were effected by TAM during the past sixty days.
 


 
 

 

 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated:  November 7, 2012
 
THIRD AVENUE MANAGEMENT LLC
 
By:  /s/ W. James Hall                                                   
Name:   W. James Hall
Title:     General Counsel
 



 
 

 




Schedule A

 
Fund
Nature of Trade (Purchase or Sell)
Transaction Date
Quantity of Shares
Price per Share or Unit
SEASONS
Purchase
09/10/12
21,350
3.606
TAVFX
Purchase
09/10/12
213,715
3.606
TAVFXU
Purchase
09/10/12
1,700
3.606
VAR
Purchase
09/10/12
8,550
3.606
INDIV
Sell
09/10/12
22,950
3.600049
SEASONS
Purchase
09/12/12
25,000
3.6847
TAVFX
Purchase
09/12/12
250,000
3.6847
TAVFXU
Purchase
09/12/12
5,000
3.6847
VAR
Purchase
09/12/12
15,000
3.6847
SEASONS
Purchase
09/13/12
30,000
3.711
TAVFX
Purchase
09/13/12
150,000
3.6993
TAVFX
Purchase
09/13/12
250,000
3.711
TAVFXU
Purchase
09/13/12
5,000
3.711
TAVFXU
Purchase
09/13/12
1,000
3.6993
VAR
Purchase
09/13/12
15,000
3.711
VAR
Purchase
09/13/12
5,000
3.6993
TAVFX
Purchase
09/14/12
38,585
3.6989
TAVFXU
Purchase
09/14/12
400
3.6989
VAR
Purchase
09/14/12
1,950
3.6989
AICTRST
Purchase
09/18/12
50,750
3.7255
TAVFX
Purchase
09/18/12
358,333
3.7005
TAVFXU
Purchase
09/18/12
3,600
3.7005
VAR
Purchase
09/18/12
17,900
3.7005
TAVFX
Purchase
09/19/12
252,369
3.6998
TAVFXU
Purchase
09/19/12
2,500
3.6998
VAR
Purchase
09/19/12
12,600
3.6998
TAVFX
Purchase
09/20/12
350,713
3.6747
TAVFXU
Purchase
09/20/12
3,500
3.6747
VAR
Purchase
09/20/12
17,550
3.6747
SEASONS
Purchase
09/21/12
3,650
3.6083
TAVFX
Purchase
09/21/12
50,000
3.5498
TAVFX
Purchase
09/21/12
36,285
3.6083
TAVFXU
Purchase
09/21/12
300
3.6083
VAR
Purchase
09/21/12
1,450
3.6083
INDIV
Sell
09/25/12
16,675
3.503
INDIV
Sell
09/25/12
5,325
3.503
SEASONS
Purchase
09/27/12
10,000
3.5566
TAVFX
Purchase
09/27/12
250,000
3.5566
TAVFXU
Purchase
09/27/12
12,500
3.5566
VAR
Purchase
09/27/12
27,500
3.5566
SEASONS
Purchase
09/28/12
22,550
3.52
TAVFX
Purchase
09/28/12
250,000
3.5421
TAVFX
Purchase
09/28/12
112,826
3.52
TAVFXU
Purchase
09/28/12
1,800
3.52
TAVFXU
Purchase
09/28/12
5,000
3.5421
VAR
Purchase
09/28/12
15,000
3.5421
VAR
Purchase
09/28/12
6,750
3.52
SEASONS
Purchase
10/01/12
25,000
3.495
 
 
 
 

 
 
SEASONS
Purchase
10/01/12
7,200
3.4598
TAVFX
Purchase
10/01/12
95,700
3.4598
TAVFX
Purchase
10/01/12
250,000
3.495
TAVFXU
Purchase
10/01/12
2,500
3.495
TAVFXU
Purchase
10/01/12
2,400
3.4598
VAR
Purchase
10/01/12
4,800
3.4598
VAR
Purchase
10/01/12
12,500
3.495
SEASONS
Purchase
10/02/12
15,000
3.4698
TAVFX
Purchase
10/02/12
150,000
3.4698
TAVFXU
Purchase
10/02/12
2,000
3.4698
VAR
Purchase
10/02/12
10,000
3.4698
TAVFX
Purchase
10/03/12
186,250
3.41
TAVFXU
Purchase
10/03/12
1,850
3.41
VAR
Purchase
10/03/12
9,300
3.41
TAVFX
Purchase
10/04/12
170,229
3.4088
TAVFXU
Purchase
10/04/12
1,700
3.4088
VAR
Purchase
10/04/12
8,500
3.4088
TAVFX
Purchase
10/05/12
143,521
3.4055
TAVFXU
Purchase
10/05/12
1,450
3.4055
VAR
Purchase
10/05/12
7,200
3.4055
TAVFX
Purchase
10/08/12
28,919
3.38
TAVFXU
Purchase
10/08/12
600
3.38
VAR
Purchase
10/08/12
1,750
3.38
TAVFX
Purchase
10/09/12
221,081
3.3681
TAVFXU
Purchase
10/09/12
4,400
3.3681
VAR
Purchase
10/09/12
13,250
3.3681
SEASONS
Purchase
10/10/12
4,850
3.3578
TAVFX
Purchase
10/10/12
80,924
3.3578
TAVFXU
Purchase
10/10/12
1,600
3.3578
VAR
Purchase
10/10/12
4,850
3.3578
SEASONS
Purchase
10/11/12
8,800
3.3596
TAVFX
Purchase
10/11/12
146,619
3.3596
TAVFXU
Purchase
10/11/12
2,950
3.3596
VAR
Purchase
10/11/12
8,800
3.3596
SEASONS
Purchase
10/12/12
1,350
3.3598
TAVFX
Purchase
10/12/12
150,000
3.3058
TAVFX
Purchase
10/12/12
22,457
3.3598
TAVFXU
Purchase
10/12/12
450
3.3598
TAVFXU
Purchase
10/12/12
7,500
3.3058
VAR
Purchase
10/12/12
15,000
3.3058
VAR
Purchase
10/12/12
1,350
3.3598
SEASONS
Purchase
10/16/12
50
3.36
TAVFX
Purchase
10/16/12
825
3.36
VAR
Purchase
10/16/12
100
3.36
TAVFX
Purchase
10/18/12
77,137
3.3596
TAVFXU
Purchase
10/18/12
1,050
3.3596
VAR
Purchase
10/18/12
5,150
3.3596
INDIV
Sell
10/18/12
10,975
3.36
TAVFX
Purchase
10/19/12
150,000
3.3191
TAVFX
Purchase
10/19/12
72,863
3.3433
TAVFXU
Purchase
10/19/12
950
3.3433
TAVFXU
Purchase
10/19/12
2,000
3.3191
VAR
Purchase
10/19/12
4,850
3.3433
VAR
Purchase
10/19/12
10,000
3.3191
SEASONS
Purchase
10/22/12
50,000
3.263
TAVFX
Purchase
10/22/12
250,000
3.263
TAVFXU
Purchase
10/22/12
4,000
3.263
 
 
 
 

 
 
VAR
Purchase
10/22/12
15,000
3.263
INDIV
Sell
10/22/12
1,000
3.2727
SEASONS
Purchase
10/23/12
15,000
3.2273
SEASONS
Purchase
10/23/12
5,000
3.2291
TAVFX
Purchase
10/23/12
100,000
3.2291
TAVFX
Purchase
10/23/12
150,000
3.2273
TAVFXU
Purchase
10/23/12
2,500
3.2291
TAVFXU
Purchase
10/23/12
1,000
3.2273
VAR
Purchase
10/23/12
7,500
3.2291
VAR
Purchase
10/23/12
5,000
3.2273
INDIV
Sell
10/23/12
16,150
3.24
SEASONS
Purchase
10/24/12
5,000
3.2073
TAVFX
Purchase
10/24/12
150,000
3.2073
TAVFXU
Purchase
10/24/12
2,000
3.2073
VAR
Purchase
10/24/12
10,000
3.2073
SEASONS
Purchase
10/25/12
10,000
2.9585
SEASONS
Purchase
10/25/12
25,000
2.9633
TAVFX
Purchase
10/25/12
250,000
2.9585
TAVFX
Purchase
10/25/12
250,000
3.0052
TAVFX
Purchase
10/25/12
500,000
2.9633
TAVFX
Purchase
10/25/12
250,000
3.1612
TAVFXU
Purchase
10/25/12
5,000
2.9633
TAVFXU
Purchase
10/25/12
5,000
3.0052
TAVFXU
Purchase
10/25/12
4,000
3.1612
TAVFXU
Purchase
10/25/12
3,000
2.9585
VAR
Purchase
10/25/12
12,000
2.9585
VAR
Purchase
10/25/12
15,000
3.0052
VAR
Purchase
10/25/12
25,000
2.9633
VAR
Purchase
10/25/12
12,500
3.1612
SEASONS
Purchase
10/26/12
5,000
2.9563
TAVFX
Purchase
10/26/12
250,000
2.9563
VAR
Purchase
10/26/12
12,000
2.9563
INDIV
Sell
10/31/12
33,425
3
 
 
TAVFX = Third Avenue Trust, on behalf of Third Avenue Value Fund
TAVFXU = Third Avenue Capital plc – Third Avenue Value Fund
TASCX = Third Avenue Trust, on behalf of Third Avenue Small-Cap Value Fund
TASCXU = Third Avenue Capital plc - Third Avenue Small-Cap Value Fund
VAR = Third Avenue Variable Series Trust – Third Avenue Value Portfolio
TAIDEX = Transamerica Third Avenue Value Fund
AEGON = Transamerica Third Avenue Value Fund VP
AICTR = Manulife Global Focused Fund
AICCP = Manulife Global Focused Class
MET1 = MetLife Third Avenue Small-Cap Value Portfolio
SEASON = Seasons Series Trust Focus Value Portfolio
TOUCH = Touchstone Variable Series Trust Third Avenue Value Fund
INDIV = Third Avenue Seperately Managed Accounts