-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QB+VcVYfa0F5SkwfFn8Nicu3FBT9cXbOQamKt82RBfGRexiewfTPTIjjW7qijk/u 3ei+IYjRpZaK4PBJ0dzkxQ== 0001047469-05-005392.txt : 20050304 0001047469-05-005392.hdr.sgml : 20050304 20050304110804 ACCESSION NUMBER: 0001047469-05-005392 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050304 DATE AS OF CHANGE: 20050304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEPRACOR INC /DE/ CENTRAL INDEX KEY: 0000877357 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 222536587 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-114342 FILM NUMBER: 05660108 BUSINESS ADDRESS: STREET 1: 84 WATERFORD DRIVE CITY: MARLBOROUGH STATE: MA ZIP: 01757 BUSINESS PHONE: 5084816700 MAIL ADDRESS: STREET 1: 84 WATERFORD DRIVE CITY: MARLBOROUGH STATE: MA ZIP: 01752 424B3 1 a2153055z424b3.htm 424B3
QuickLinks -- Click here to rapidly navigate through this document

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-114342

PROSPECTUS SUPPLEMENT
(To Prospectus dated June 22, 2004)

SEPRACOR INC.
$750,000,000
0% SERIES A CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2008
0% SERIES B CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2010


24,597,500 Shares of Common Stock,
$0.10 Par Value Per Share


        This prospectus supplement supplements the prospectus dated June 22, 2004 of Sepracor Inc. relating to the resale from time to time by selling securityholders of our 0% Series A Convertible Senior Subordinated Notes due 2008 and 0% Series B Convertible Senior Subordinated Notes due 2010, which we refer to collectively as the notes, and shares of Sepracor Inc. common stock issuable upon conversion of the notes. This prospectus supplement should be read in conjunction with the prospectus. Capitalized terms used and not defined in this prospectus supplement have the meaning given to them in the prospectus.

        Investing in the notes or our common stock involves risks. See "Risk Factors" beginning on page 6 of the prospectus.


        The Securities and Exchange Commission and state securities regulators have not approved or disapproved these securities or determined if this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.


The date of this prospectus supplement is March 4, 2005.


        The section of the prospectus entitled "Selling Securityholders" on pages 48-53 of the prospectus is amended and restated in its entirety to read as follows:


SELLING SECURITYHOLDERS

        We originally sold the notes on December 12, 2003 to Morgan Stanley & Co. Incorporated, Credit Suisse First Boston LLC and U.S. Bancorp Piper Jaffray Inc., as initial purchasers. The initial purchasers of the notes have advised us that the notes were resold in transactions exempt from the registration requirements of the Securities Act to "qualified institutional buyers," as defined in Rule 144A of the Securities Act. These subsequent purchasers, or their transferees, pledgees, donees or successors, may from time to time offer and sell any or all of the notes and/or shares of the common stock issuable upon conversion of the notes pursuant to this prospectus.

        Pursuant to the registration rights agreement, we are required to file a registration statement with regard to the notes and the shares of our common stock issuable upon conversion of the notes and to keep the registration statement effective until the earlier of:

    such date when no registrable securities remain outstanding; and

    such date that is two years after the date the Commission declares this registration statement effective.

        The selling securityholders may choose to sell notes and/or the shares of common stock issuable upon conversion of the notes from time to time. The transfer of the securities is further discussed under the heading "Plan of Distribution."

        The following table sets forth:

    (1)
    the name of each selling securityholder who has provided us with notice as of the date of this prospectus pursuant to the registration rights agreement of their intent to sell or otherwise dispose of notes and/or shares of common stock issuable upon conversion of the notes pursuant to the registration statement;

    (2)
    the principal amount of notes and the number of shares of our common stock issuable upon conversion of the notes which they may sell from time to time pursuant to the registration statement; and

    (3)
    the amount of outstanding notes and our common stock beneficially owned by the selling securityholder prior to the offering, assuming no conversion of the notes.

        To our knowledge, no selling securityholder nor any of its affiliates has held any position or office with, been employed by or otherwise has had any material relationship with us or our affiliates, during the three years prior to the date of this prospectus.

        A selling securityholder may offer all or some portion of the notes and shares of the common stock issuable upon conversion of the notes. Accordingly, no estimate can be given as to the amount or percentage of notes or our common stock that will be held by the selling securityholders upon termination of sales pursuant to this prospectus. In addition, the selling securityholders identified below may have sold, transferred or disposed of all or a portion of their notes since the date on which they provided the information regarding their holdings in transactions exempt from the registration requirements of the Securities Act.

        The information contained under the column heading "Shares of Common Stock That May be Sold" assumes conversion of:

    the full amount of Series A notes held by the holders at the initial rate of $31.8928 in principal amount of the Series A notes per share of common stock; and

    the full amount of Series B notes held by the holders at the initial rate of $29.8352 in principal amount of the Series B notes per share of common stock.

S-2


Name

  Amount of
Series A
Notes That
May be Sold

  Amount of
Series A
Notes Owned
Before Offering

  Amount of
Series B
Notes That
May be Sold

  Amount of
Series B
Notes Owned
Before Offering

  Shares of
Common Stock
That May
be Sold

  Shares of
Common Stock
Owned Before
Offering

 
ADi Alternative Investments   5,000,000   5,000,000       156,775   0  
AG Domestic Convertibles, L.P.(1)       6,900,000   6,900,000   231,270   0  
AG Offshore Convertibles, Ltd.(1)       16,100,000   16,100,000   539,631   0  
Alexandra Global Master Fund, Ltd   8,000,000   8,000,000   5,000,000   5,000,000   418,427   0  
AM Master Fund I LP   24,995,000   24,995,000   3,850,000   3,850,000   912,760   0  
Argent Classic Convertible Arbitrage Fund L.P.   1,810,000   1,810,000   5,250,000   5,250,000   232,719   0  
Argent Classic Convertible Arbitrage Fund II, L.P.   420,000   420,000   1,290,000   1,290,000   56,406   0  
Argent Classic Convertible Arbitrage Fund (Bermuda) Ltd   7,110,000   7,110,000   18,900,000   18,900,000   856,413   0  
Argent LowLev Convertible Arbitrage Fund LLC       3,470,000   3,470,000   116,305   0  
Argent LowLev Convertible Arbitrage Fund Ltd   3,900,000   3,900,000   11,100,000   11,100,000   494,328   0  
Argent LowLev Convertible Arbitrage Fund II, LLC       530,000   530,000   17,764   0  
Arkansas Teacher Retirement       3,170,000   3,170,000   106,250   0  
Banc of America Securities LLC(2)   2,500,000   2,500,000   2,500,000   2,500,000   162,180   0  
Baptist Health of South Florida       385,000   385,000   12,904   0  
Barclays Global Investors Diversified Alpha Plus Funds   2,110,000   2,110,000       66,159   0  
Basso Holdings Ltd       3,889,000   3,889,000   130,349   0  
Basso Multi-Strategy Holding Fund Ltd       7,500,000   7,500,000   251,381   1,500  
BMO Nesbitt Burns Inc.(2)       12,500,000   12,500,000   418,968   0  
BNP Paribas Equity Strategies, SNC(1)   6,606,000   6,606,000   11,612,000   11,612,000   596,336   23,104  
BP Amoco PLC Master Trust       1,202,000   1,202,000   40,288   0  
BTOP Multi-Strategy Master Portfolio Ltd   3,000,000   3,000,000   7,500,000   7,500,000   345,446   0  
Canyon Capital Arbitrage Master Fund, Ltd.(1)       5,250,000   5,250,000   175,966   32,474(3 )
Canyon Value Realization Fund, L.P.(1)       2,625,000   2,625,000   87,983   16,237(3 )
Canyon Value Realization Fund (Cayman), Ltd.(1)       7,175,000   7,175,000   240,488   44,381(3 )
Canyon Value Realization Mac 18, Ltd. (RMF)(1)       1,050,000   1,050,000   35,193   6,494(3 )
CGNU Life Fund       600,000   600,000   20,110   0  
Class C Trading Company, Ltd       820,000   820,000   27,484   0  
Clinton Multistrategy Master Fund, Ltd   2,015,000   2,015,000   3,850,000   3,850,000   192,222   0  
Clinton Riverside Convertible Portfolio Limited   3,985,000   3,985,000   8,650,000   8,650,000   414,876   0  
CNH CA Master Account, L.P.   500,000   500,000       15,677   0  
Commercial Union Life Fund       700,000   700,000   23,462   0  
CooperNeff Convertible Strategies (Cayman) Master Fund, L.P.   7,110,000   7,110,000   11,495,000   11,495,000   608,217   0  
Credit Suisse First Boston LLC   1,000,000   1,000,000   1,000,000   1,000,000   64,872   0  
Credit Suisse First Boston Europe Limited(1)   20,000,000   20,000,000   400,000   400,000   640,507   0  
CSS, LLC(2)   2,500,000   2,500,000       78,387   0  
Custom Investments PCC, Ltd       400,000   400,000   13,407   0  
DBAG London(1)       1,045,000   1,045,000   35,025   0  
Deutsche Bank Securities Inc.(2)   24,150,000   24,150,000   8,500,000   8,500,000   1,042,121   0  
DKR Saturn Event Driven Holding Fund Ltd   5,000,000   5,000,000       156,775   0  
DKR Saturn Holding Fund Ltd   5,000,000   5,000,000       156,775   0  
DKR SoundShore Opportunity Holding Fund Ltd       661,000   661,000   22,155   0  
DKR SoundShore Strategic Holding Fund Ltd   2,000,000   2,000,000   450,000   450,000   77,792   0  
Engineers Joint Pension Fund       265,000   265,000   8,882   0  
Equitec Group, LLC(1)   500,000   500,000       15,677   0  
FHS Trading, Ltd.   8,000,000   8,000,000   4,000,000   4,000,000   384,910   0  
Forest Fulcrum Fund LP(2)   4,220,000   4,220,000       132,318   0  
                           

S-3


Forest Global Convertible Fund, Ltd., Class A-5   17,010,000   17,010,000       533,348   0  
Forest Multi-Strategy Master Fund SPC   5,363,000   5,363,000       168,156   0  
Gaia Offshore Master Fund Ltd(1)   7,500,000   7,500,000   3,000,000   3,000,000   335,714   0  
Geode U.S. Convertible Arbitrage Fund   7,000,000   7,000,000       219,485   0  
Global Bermuda Limited Partnership   5,000,000   5,000,000       156,775   0  
Goldman Sachs & Company(2)   1,600,000   1,600,000   10,500,000   10,500,000   402,101   0  
Grace Convertible Arbitrage Fund, Ltd.       3,000,000   3,000,000   100,552   0  
Hamilton Multi-Strategy Master Fund, LP   3,521,000   3,521,000   5,659,000   5,659,000   300,075   0  
Harbert Convertible Arbitrage Master Fund, Ltd.(1)       12,500,000   12,500,000   418,968   0  
HFR CA Global Opportunity Master Trust   1,400,000   1,400,000       43,897   0  
HFR CA Global Select Master Trust Account       480,000   480,000   16,088   0  
HFR RVA Select Performance Master Trust   748,000   748,000       23,453   0  
Highbridge International LLC(1)   10,500,000   10,500,000   30,000,000   30,000,000   1,334,752   0  
Hotel Union and Hotel Industry of Hawaii Pension Plan       291,000   291,000   9,753   0  
Hourglass Master Fund, Ltd   1,700,000   1,700,000       53,303   0  
Institutional Benchmarks Master Fund Ltd       1,776,000   1,776,000   59,527   0  
JMG Capital Partners, LP   22,500,000   22,500,000       705,488   0  
JMG Triton Offshore Fund Ltd   22,500,000   22,500,000       705,488   0  
J.P. Morgan Securities Inc.(2)   7,500,000   7,500,000       235,162   217,347  
KBC Convertible MAC 28 Limited(1)           293,051   0  
KBC Convertible Opportunities Fund(1)           1,898,398   0  
KBC Financial Products (Cayman Islands) Ltd.(1)       15,000,000   15,000,000   502,762   94,065(4 )
KBC Financial Products USA Inc.(2)   4,500,000   4,500,000   10,000,000   10,000,000   476,272   1,710(3 )
KBC Melody IAM Ltd(1)           135,464   0  
KBC Multi-Strategy Arbitrage Fund(1)           2,988,776   0  
Kd Convertible Arbitrage L.P.       2,000,000   2,000,000   67,035   0  
Lakeshore International, Ltd   20,000,000   20,000,000       627,100   0  
Laurel Ridge Capital, LP       2,000,000   2,000,000   67,035   0  
LDG Limited   473,000   473,000       14,830   0  
Lexington Vantage Fund   104,000   104,000       3,260   1,071(3 )
Lyxor/AM Investment Fund Ltd   5,525,000   5,525,000   850,000   850,000   201,725   0  
Lyxor/Convertible Arbitrage Fund Limited   1,314,000   1,314,000   1,080,000   1,080,000   77,398   0  
Lyxor/Forest Fund Limited   5,250,000   5,250,000       164,613   0  
Lyxor/Gaia II Fund Ltd.(1)   2,500,000   2,500,000   1,000,000   1,000,000   111,904   0  
Lyxor Master Fund       2,000,000   2,000,000   67,035   0  
Man Mac 2 Limited   2,479,000   2,479,000   5,341,000   5,341,000   256,745   0  
Marathon Global Convertible Master Fund       37,500,000   37,500,000   1,256,906   0  
Mellon HBV Master Convertible Arbitrage Fund L.P.(1)   1,020,000   1,020,000   670,000   670,000   54,438   0  
Mellon HBV Master Leveraged Multi-Strategy Fund Ltd.(1)   140,000   140,000       4,389   0  
Mellon HBV Master Multi-Strategy Fund Ltd.(1)   640,000   640,000   200,000   200,000   26,770   0  
Mint Master Fund Ltd   200,000   200,000   130,000   130,000   10,628   0  
MSD TCB, L.P.   11,000,000   11,000,000   18,500,000   18,500,000   964,978   0  
MSS Convertible Arbitrage I   85,000   85,000       2,665   0  
Nicholas Applegate Capital Management U.S. Convertible M.F.       445,000   445,000   14,915   0  
Nisswa Master Fund Ltd       10,000,000   10,000,000   335,175   0  
Nomura Securities International Inc.(2)   2,000,000   2,000,000   22,500,000   22,500,000   816,853   5,135  
Norwich Union Life & Pensions       1,000,000   1,000,000   33,517   0  
Och-Ziff Capital Structure Arbitrage Master Fund, Ltd   10,000,000   10,000,000       313,550   0  
Onyx Fund Holdings, LDC   4,000,000   4,000,000       125,420   0  
                           

S-4


Piper Jaffray & Co.(2)   4,000,000   4,000,000   4,000,000   4,000,000   259,490   0  
Privilege Portfolio SICAV       3,000,000   3,000,000   100,552   0  
Pyramid Equity Strategies Fund   500,000   500,000   500,000   500,000   32,435   0  
R2 Investments, LDC(1)   900,000   900,000   500,000   500,000   44,977   0  
RBC Alternative Assets—Conv Arb   500,000   500,000       15,677   0  
Relay 11 Holdings Co   923,000   923,000       28,940   0  
RHP Master Fund, Ltd       8,500,000   8,500,000   284,898   0  
Ritchie Beech Trading, Ltd   300,000   300,000       9,406   0  
Royal Bank of Canada(1)       12,000,000   12,000,000   402,210   371,609  
Salomon Brothers Asset Management Inc.(1)       3,750,000   3,750,000   125,690   0  
San Diego City Retirement       610,000   610,000   20,445   0  
San Diego County Convertible       880,000   880,000   29,495   0  
Silver Convertible Arbitrage Fund, LDC       1,100,000   1,100,000   36,869   0  
Singlehedge U.S. Convertible Arbitrage Fund   1,620,000   1,620,000   3,238,000   3,238,000   159,324   0  
Sphinx Convertible Arbitrage SPC   967,000   967,000   475,000   475,000   46,241   0  
Sphinx Fund   526,000   526,000       16,492   2,348(3 )
SSI Blended Market Neutral LP       584,000   584,000   19,574   0  
SSI Hedged Convertible L.P.       644,000   644,000   21,585   0  
Sturgeon Limited   1,350,000   1,350,000   1,674,000   1,674,000   98,437   0  
Sunrise Partners Limited Partnership(1)   2,000,000   2,000,000   2,000,000   2,000,000   129,745   2,100  
The Animi Master Fund, Ltd.       17,500,000   17,500,000   586,556   0  
TQA Master Fund Ltd   4,577,000   4,577,000       143,511   51,501(3 )
TQA Master Plus Fund Ltd   7,797,000   7,797,000       244,474   94,449(3 )
Tredia Performance Fund Limited       200,000   200,000   6,703   0  
Tribeca Investments L.T.D.       10,500,000   10,500,000   351,933   0  
UBS AG, London Branch(1)       30,000,000   30,000,000   1,005,525   0  
UBS O'Connor LLC   2,500,000   2,500,000       78,387   0  
Univest Multi-Strategy—Conv Arb   300,000   300,000       9,406   0  
Viacom Inc. Pension Plan Master Trust       28,000   28,000   938   0  
Wachovia Bank National Association(1)   10,000,000   10,000,000       313,550   0  
Wachovia Capital Markets LLC(2)   5,000,000   5,000,000   14,500,000   14,500,000   642,778   0  
Wachovia Securities International Ltd.(2)   20,000,000   20,000,000   20,000,000   20,000,000   1,297,450   0  
Waterstone Market Neutral MAC 51, Ltd   668,000   668,000       20,945   0  
Waterstone Market Neutral Master Fund, Ltd   4,332,000   4,332,000       135,829   0  
Whitebox Diversified Convertible Arbitrage Partners LP       5,000,000   5,000,000   167,587   21,649(3 )
WPG Convertible Arbitrage Overseas Master Fund(1)   1,050,000   1,050,000       32,922   0  
WPG MSA Convertible Arbitrage Fund(1)   150,000   150,000       4,703   0  
Wyoming State Treasurer       565,000   565,000   18,937   0  
Xavex Convertible Arbitrage 2 Fund   660,000   660,000   550,000   550,000   39,128   0  
Xavex Convertible Arbitrage 4 Fund   148,000   148,000       4,640   0  
Xavex Convertible Arbitrage 7 Fund   1,466,000   1,466,000       45,966   12,546(3 )
Xavex Convertible Arbitrage 10 Fund   720,000   720,000   1,700,000   1,700,000   79,554   0  
Zurich Institutional Benchmarks Master Fund Ltd   955,000   955,000       29,944   8,335(3 )
TOTAL   250,000,000   250,000,000   500,000,000   500,000,000   24,597,500   N/A  

(1)
The selling securityholder is an affiliate of a broker-dealer. See "Plan of Distribution" below.

(2)
The selling securityholder is a broker-dealer. See "Plan of Distribution" below.

(3)
Assumes conversion of the full amount of 5% debentures held by the holder at the rate of $92.38 in principal amount of the debentures per share of the common stock.

(4)
Assumes conversion of the full amount of registered 0% Series A notes held by the holder at a rate of $31.8928 in principal amount of the notes per share of the common stock.

S-5


Voting/Investment Control Table

        The following table sets forth the natural person(s) who exercise voting and/or investment control over the notes held by selling securityholders that do not file reports with the Commission pursuant to Section 13(a) or 15(d) of the Exchange Act. The inclusion of any natural person in this table does not constitute an admission of beneficial ownership of any notes or shares of common stock issuable upon conversion of any notes.

Selling Securityholder

  Natural person(s) with voting or investment power
AG Domestic Convertibles, L.P.   John M. Angelo, Michael L. Gordon
AG Offshore Convertibles, Ltd   John M. Angelo, Michael L. Gordon
Argent Classic Convertible Arbitrage Fund, LP   Nathaniel Brown, Robert Richardson
Argent Classic Convertible Arbitrage Fund II, LP   Nathaniel Brown, Robert Richardson
Argent Classic Convertible Arbitrage Fund (Bermuda) Ltd.   Nathaniel Brown, Robert Richardson
Argent LowLev Convertible Arbitrage Fund LLC   Nathaniel Brown, Robert Richardson
Argent LowLev Convertible Arbitrage Fund Ltd.   Henry Cox, Thomas Marshall
Argent LowLev Convertible Arbitrage Fund II LLC   Nathaniel Brown, Robert Richardson
Barclays Global Investors Diversified Alpha Plus Funds   Michael A. Boyd
Basso Holdings Ltd.   Howard Fischer(1)
Basso Multi-Strategy Holdings Fund Ltd   Howard Fischer(1)
BNP Paribas Equity Strategies, SNC   Jean Dominjon, Thomas J. Mahoney, Andrew Sterge
BP Amoco PLC Master Trust   John Gottfurcht, George Douglas and Amy Gottfurcht(2)
Canyon Capital Arbitrage Master Fund, Ltd.   Joshua S. Friedman, Mitchell R. Julis, Christian B. Evensen, Robert F. Turner(3)
Canyon Value Realization Fund, LP   Joshua S. Friedman, Mitchell R. Julis, Christian B. Evensen, Robert F. Turner(4)
Canyon Value Realization Fund (Cayman) Ltd.   Joshua S. Friedman, Mitchell R. Julis, Christian B. Evensen, Robert F. Turner(5)
Canyon Value Realization Mac 18, Ltd. (RMF)   Joshua S. Friedman, Mitchell R. Julis, Christian B. Evensen, Robert F. Turner(6)
CGNU Life Fund   David Clott
Class C Trading Company   Nathaniel Brown, Robert Richardson
Clinton Multistrategy Master Fund, Ltd.   Michael Vacca
Clinton Riverside Convertible Portfolio Limited   Michael Vacca
Commercial Union Life Fund   David Clott
Custom Investments PCC, Ltd.   Bruce McMahon, Saul Schwartzman, John Gordon
DBAG London   Patrick Corrigan
DKR Saturn Event Driven Holding Fund Ltd.   Ron Phillips (7)
DKR Saturn Holding Fund Ltd.   Mike Cotton(7)
DKR SoundShore Opportunity Holding Fund Ltd.   Howard Fischer(8)
DKR SoundShore Strategic Holding Fund Ltd.   Howard Fischer(8)
Forest Fulcrum Fund LP   Michael A. Boyd
Forest Global Convertible Fund, Ltd., Class A-5   Michael A. Boyd
Forest Multi-Strategy Master Fund SPC   Michael A. Boyd
Gaia Offshore Master Fund Ltd.   James F. O'Brien, Jr.(9)
Geode U.S. Convertible Arbitrage Fund   Vincent Gubitosi
Grace Convertible Arbitrage Fund, Ltd.   Bradford Whitmore, Michael Brailov
Hamilton Multi-Strategy Master Fund, LP   Michael Knox
HFR CA Global Opportunity Master Trust   Michael A. Boyd
HFR CA Global Select Master Trust Account   Nathaniel Brown, Robert Richardson
HFR RVA Select Performance Master Trust   Michael A. Boyd
Highbridge International LLC   Glenn Dubin, Henry Swieca(10)
Hotel Union and Hotel Industry of Hawaii Pension Plan   John Gottfurcht, George Douglas and Amy Gottfurcht(2)
Institutional Benchmarks Master Fund Ltd.   John Gottfurcht, George Douglas and Amy Gottfurcht(2)
JMG Capital Partners, LP   Jonathan M. Glaser(11)
JMG Triton Offshore Fund Ltd.   Roger Richter and Jonathan M. Glaser(12)
KBC Convertible MAC 28 Limited   Andy Preston
KBC Convertible Opportunities Fund   Andy Preston
KBC Financial Products (Cayman Islands) Ltd.   Luke Edwards
KBC Melody IAM Ltd.   Andy Preston
     

S-6


KBC Multi-Strategy Arbitrage Fund   Andy Preston
Laurel Ridge Capital, LP   Van Nguyen, John Illuzzi, Andrew Mitchell, Nathaniel Newlin, Timothy Walton, Venkatesh Reddy
LDG Limited   Robert Butman, John Idone, George Esser, Paul Bucci, Bartholomew Tesoriero(13)
Lexington Vantage Fund   Robert Butman, George Esser, John Idone, Paul Bucci, Bartholomew Tesoriero(13)
Lyxor/Forest Fund Limited   Michael A. Boyd
Lyxor/Gaia II Fund Ltd.   James F. O'Brien, Jr.(9)
Lyxor Master Fund   Nathaniel Brown, Robert Richardson
Mellon HBV Master Multi-Strategy Fund Ltd.   Stuart Dobson
Mint Master Fund Ltd.   Stuart Dobson
MSD TCB, L.P.   John Phelan, Glenn Fuhrman
Nisswa Master Fund Ltd.   Aaron Yeary, Brian Taylor
Norwich Union Life & Pensions   David Clott
Och-Ziff Capital Structure Arbitrage Master Fund, Ltd   Daniel S. Och(14)
Onyx Fund Holdings, LDC   Andrew Royce(15)
Privilege Portfolio SICAV   David Clott
R2 Investments, LDC   Geoffrey Raynor(16)
RBC Alternative Investments—Conv Arb   Sheri Kaplan
Relay 11 Holding Co.   Michael A. Boyd
Silver Convertible Arbitrage Fund, LDC   Nathaniel Brown, Robert Richardson
Sphinx Convertible Arbitrage SPC   Michael A. Boyd
Sphinx Fund   Robert Butman, George Esser, John Idone, Paul Bucci, Bartholomew Tesoriero
SSI Blended Market Neutral L.P.   John Gottfurcht, George Douglas and Amy Gottfurcht(2)
SSI Hedged Convertible L.P.   John Gottfurcht, George Douglas and Amy Gottfurcht(2)
Sturgeon Limited   Christian Menestrier(17)
Sunrise Partners Limited Partnership   S. Donald Sussman
The Animi Master Fund, Ltd.   Peter Hirsch(18)
TQA Master Fund Ltd   Robert Butman, George Esser, John Idone, Paul Bucci, Bartholomew Tesoriero
TQA Master Plus Fund Ltd   Robert Butman, George Esser, John Idone, Paul Bucci, Bartholomew Tesoriero
Tredia Performance Fund Limited   Nathaniel Brown, Robert Richardson
Univest Multi-Strategy—Conv Arb   Sheri Kaplan
Viacom Inc. Pension Plan Master Trust   John Gottfurcht, George Douglas and Amy Gottfurcht(2)
Whitebox Diversified Convertible Arbitrage Partners LP   Andrew Redleaf
WPG Convertible Arbitrage Overseas Master Fund   Sheri Kaplan
WPG MSA Convertible Arbitrage Fund   Sheri Kaplan
Xavex Convertible Arbitrage 2 Fund   Nathaniel Brown, Robert Richardson
Xavex Convertible Arbitrage 4 Fund   Michael A. Boyd
Xavex Convertible Arbitrage 7 Fund   Robert Butman, George Esser, John Idone, Paul Bucci, Bartholomew Tesoriero
Xavex Convertible Arbitrage 10 Fund   Nathaniel Brown, Robert Richardson
Zurich Institutional Benchmarks Master Fund   Robert Butman, George Esser, John Idone, Paul Bucci, Bartholomew Tesoriero

(1)
Basso Capital Management and Basso Asset Management are the respective investment managers to Basso Holdings Ltd and Basso Multi-Strategy Holding Fund Ltd. Howard Fischer is a managing member of Basso GP LLC, the General Partner of Basso Capital Management and Basso Asset Management.

(2)
SSI Investment Management, or SSI, has voting and investment control over the notes held by the selling securityholder. The principal shareholders of SSI are John Gottfurcht, George Douglas and Amy Gottfurcht.

(3)
Canyon Capital Advisors LLC is the investment advisor for Canyon Capital Arbitrage Master Fund, Ltd. and has the power to direct investments by the Canyon Capital Advisors Ltd. The managing partners of Canyon Capital Advisors LLC are Joshua S. Friedman, Mitchell R. Julis, Christian B. Evenson and K. Robert Turner.

S-7


(4)
The general partner of Canyon Value Realization Fund, L.P. is Canpartners Investments III, L.P. Canyon Capital Advisors LLC is the General Partner of Canpartners Investments III, L.P. The managing partners of Canyon Capital Advisors LLC are Joshua Friedman, Mitchell R. Julis, Christian B. Evenson and K. Robert Turner.

(5)
Canyon Capital Advisors LLC is the investment advisor for Canyon Value Realization Fund (Cayman) Ltd. The managing partners of Canyon Capital Advisors LLC are Joshua Friedman, Mitchell R. Julis, Christian B. Evenson and K. Robert Turner. In addition, Joshua S. Friedman, Mitchell R. Julis and, Christian B. Evenson own all of the ordinary shares of Canyon Value Realization Fund (Cayman) Ltd. with full voting rights on all matters.

(6)
Managed Accounts Limited is the parent company of Canyon Value Realization Mac 18, Ltd. Canyon Capital Advisors is the investment advisor for Canyon Value Realization Mac 18, Ltd. and has the power to direct investments. The managing partners of Canyon Capital Advisors LLC are Joshua Friedman, Mitchell R. Julis, Christian B. Evenson and K. Robert Turner.

(7)
DKR Saturn Management L.P., or DKR Saturn, is a registered investment advisor with the Securities and Exchange Commission and as such, is the investment manager to DKR Saturn Event Driven Holding Fund Ltd., or DKR Event Fund, and the DKR Saturn Holdings Fund Ltd., or DKR Fund. DKR Saturn has retained certain portfolio managers to act as the portfolio manager to the DKR Event Fund and the DKR Fund. As such, DKR Saturn and certain portfolio managers have shared dispositive and voting power over the securities held by the DKR Event Fund and the DKR Fund. DKR Saturn has been retained to act as the portfolio manager for the notes, and the shares of common stock issuable upon conversion of the notes, held by the DKR Event Fund and the DKR Fund. Ron Phillips has trading authority over the DKR Event Fund and Mike Cotton has trading authority over the DKR Fund.

(8)
DKR Capital Partners L.P., or DKR LP, is a registered investment advisor with the Securities and Exchange Commission and as such, is the investment manager to DKR SoundShore Opportunity Holding Fund Ltd., or DKR Opportunity, and DKR SoundShore Strategic Holding Fund Ltd., or DKR Strategic. DKR LP has retained certain portfolio managers to act as the portfolio manager to DKR Opportunity and DKR Strategic. As such, DKR LP and certain portfolio managers have shared dispositive and voting power over the securities held by DKR Opportunity and DKR Strategic. Howard Fischer is the portfolio manager for the notes, and the shares of common stock issuable upon conversion of the notes, held by DKR Opportunity and DKR Strategic.

(9)
Promethean Asset Management, LLC, a New York limited liability company, serves as investment manager to Gaia Offshore Master Fund, Ltd, or Gaia, and the trading advisor for Lyxor/Gaia II Fund Ltd., or Lyxor, and may be deemed to share beneficial ownership of the shares beneficially owned by Gaia and Lyxor, as a result of Promethean Asset Management's power to vote and dispose of securities in each of Gaia and Lyxor. The ownership information for each of these two selling securityholders does not include the ownership information for the other. Promethean Asset Management disclaims beneficial ownership of the shares beneficially owned by Gaia and Lyxor, and each of Gaia and Lyxor disclaims beneficial ownership of the shares beneficially owned by the other. James F. O'Brien, Jr. indirectly controls Promethean Asset Management. Mr. O'Brien disclaims beneficial ownership of the shares owned by Promethean Asset Management, Gaia and Lyxor. -1d]

(10)
Glenn Dubin and Henry Swieca are the principals of HighBridge Capital Management, the trading advisor to HighBridge International LLC.

(11)
JMG Capital Partners, L.P. is a California limited partnership. Its general partner is JMG Capital Management, LLC, a Delaware limited liability company and an investment adviser registered with the Securities and Exchange Commission. JMG Capital Management, LLC has voting and dispositive power over JMG Capital Partners' investments, including the notes. The equity interests of JMG Capital Management, LLC are owned by JMG Capital Management, Inc., a Delaware corporation, and Asset Alliance Holding Corp., a Delaware corporation. Jonathan M. Glaser is the Executive Officer and Director of JMG Capital Management, Inc. and has sole investment discretion over JMG Capital Partners' portfolio holdings.

(12)
JMG Triton Offshore Fund, Ltd., or JMG Triton, is an international business company under the laws of the British Virgin Islands. JMG Triton's investment manager is Pacific Assets Management LLC, a Delaware limited liability company. Pacific Assets Management LLC is an investment advisor registered with the Securities and Exchange Commission and has voting and notes. The equity interests of Pacific Assets Management LLC are owned by Pacific Capital Management, Inc., a Delaware corporation, and Asset Alliance Holding Corp., a Delaware corporation. The equity interests of Pacific Assets Management LLC are owned by Messrs. Roger Richter, Jonathan M. Glaser and Daniel A. David, and Messrs. Glaser and Richter have sole investment and voting discretion over JMG Triton's portfolio holdings.

(13)
TQA Investors, L.L.C. has voting or investment power over the notes and shares of common stock issuable upon conversion of the notes. TQA Investors, L.L.C. consists of the following five members: Robert Butman, John Idone, George Esser, Paul Bucci and Bartholomew Tesoriero.

(14)
Daniel S. Och is senior managing member of OZ Management, LLC, the investment manager to Och-Ziff Capital Structure Arbitrage Master Fund, Ltd.

(15)
Onyx Capital Management, LLC is the investment adviser to Onyx Fund Holdings, LDC and consequently has voting control and investment discretion over securities held by Onyx Fund Holdings, LDC. Onyx Capital Management, LLC disclaims beneficial ownership of the shares beneficially owned by Onyx Fund Holdings, LDC. Andrew Royce indirectly controls Onyx

S-8


    Capital Management, LLC and has the power to direct the voting and disposition of the securities held by Onyx Fund Holdings, LDC. Mr. Royce also disclaims beneficial ownership of the shares held by Onyx Fund Holdings, LDC.

(16)
Amalgamated Gadget, L.P. has the sole power to direct the vote and to dispose or direct the disposition of the registrable securities pursuant to an investment management agreement with R2 Investments, LDC. Amalgamated Gadget, L.P. is controlled by Scepter Holdings, Inc., its sole general partner, which is in turn controlled by Geoffrey Raynor, the President and sole shareholder of Sceptor Holdings, Inc.

(17)
CooperNeff Advisors Inc. has sole investment control and shared voting control over the securities. Christian Menestrier is the CEO of CooperNeff Advisors Inc.

(18)
Archeus Capital Management, LLC is the Investment Manager for The Animi Master Fund, Ltd. and has voting and dispositive power over the securities held by The Animi Master Fund, Ltd. Peter Hirsch is a Managing Member of Archeus Capital Management, LLC and its Chief Investment Officer on behalf of The Animi Master Fund, Ltd.

S-9




QuickLinks

SELLING SECURITYHOLDERS
-----END PRIVACY-ENHANCED MESSAGE-----