SC 13D/A 1 tee13da2.txt SCHEDULE 13D AMENDMENT NO. 2 ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0145 Expires: October 31, 2002 Estimated average burden hours per response . . . 14.90 ------------------------------ SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D (Section 240.13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO SECTION 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO SECTION 240.13d-2(a) (Amendment No. 2)1 National Golf Properties, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 par value -------------------------------------------------------------------------------- (Title of Class of Securities) 63623G109 -------------------------------------------------------------------------------- (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) September 20, 2002 -------------------------------------------------------------------------------- (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. (Continued on following pages) Page 1 of 35 Pages -------- 1 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). 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Partners, L.P. -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) WC, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION California ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 76,400 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 76,400 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 76,400 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.6 % -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) PN -------------=================================================================== Page 2 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners, L.P. -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) WC -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION California ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 76,600 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 76,600 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 76,600 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.6 % -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) PN -------------=================================================================== Page 3 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners II, L.P. -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) WC -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION California ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 5,700 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 5,700 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,700 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0 % -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) PN -------------=================================================================== Page 4 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners III, L.P. -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) WC -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,000 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 6,000 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,000 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0 % -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) PN -------------=================================================================== Page 5 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tinicum Partners, L.P. -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) WC, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 3,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 3,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0 % -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) PN -------------=================================================================== Page 6 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Management, L.L.C. -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 142,300 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 142,300 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 142,300 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.1 % -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IA, OO -------------=================================================================== Page 7 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Partners, L.L.C. -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 167,900 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 167,900 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 167,900 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.3 % -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) OO -------------=================================================================== Page 8 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Enrique H. Boilini -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 9 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) David I. Cohen -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 10 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Joseph F. Downes -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 11 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Duhamel -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 12 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Andrew B. Fremder -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 13 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Richard B. Fried -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 14 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Monica R. Landry -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 15 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Mellin -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 16 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stephen L. Millham -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 17 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Thomas F. Steyer -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 18 of 35 Pages 13D =================== CUSIP No. 63623G109 =================== -------------=================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Mark C. Wehrly -------------=================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ X ]** ** The reporting persons making this filing hold an aggregate of 310,200 Shares, which is 2.4% 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 -------------=================================================================== 4 SOURCE OF FUNDS (See Instructions) AF, OO -------------=================================================================== 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] -------------=================================================================== 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------============================================ NUMBER OF 7 SOLE VOTING POWER SHARES -0- -----------============================================ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 310,200 -----------============================================ EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- -----------============================================ PERSON WITH 10 SHARED DISPOSITIVE POWER 310,200 ------------------------------------============================================ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 310,200 -------------=================================================================== 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] -------------=================================================================== 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% -------------=================================================================== 14 TYPE OF REPORTING PERSON (See Instructions) IN -------------=================================================================== Page 19 of 35 Pages This Amendment No. 2 to Schedule 13D amends the Schedule 13D initially filed on April 11, 2002 (collectively, with all amendments thereto, the "Schedule 13D"). 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 Partnerships ---------------- (i) Farallon Capital Partners, L.P., a California limited partnership ("FCP"), with respect to the Shares held by it; (ii) Farallon Capital Institutional Partners, L.P., a California limited partnership ("FCIP"), with respect to the Shares held by it; (iii)Farallon Capital Institutional Partners II, L.P., a California limited partnership ("FCIP II"), with respect to the Shares held by it; (iv) Farallon Capital Institutional Partners III, L.P., a Delaware limited partnership ("FCIP III"), with respect to the Shares held by it; and (v) Tinicum Partners, L.P., a New York limited partnership ("Tinicum"), with respect to the Shares held by it. FCP, FCIP, FCIP II, FCIP III and Tinicum are together referred to herein as the "Partnerships." The Management Company ---------------------- (vii)Farallon Capital Management, L.L.C., a Delaware limited liability company (the "Management Company"), with respect to the Shares held by certain accounts managed by the Management Company (the "Managed Accounts"). The General Partner Of The Partnerships --------------------------------------- (viii) Farallon Partners, L.L.C., a Delaware limited liability company which is the general partner of each of the Partnerships (the "General Partner"), with respect to the Shares held by each of the Partnerships. The Managing Members Of The General Partner And The Management Company ---------------------------------------------------------------------- Page 20 of 35 Pages (ix) The following eleven persons who are managing members of both the General Partner and the Management Company, with respect to the Shares held by the Partnerships and the Managed Accounts: Enrique H. Boilini ("Boilini"), David I. Cohen ("Cohen"), Joseph F. Downes ("Downes"), William F. Duhamel ("Duhamel"), Andrew B. Fremder ("Fremder"), Richard B. Fried ("Fried"), Monica R. Landry ("Landry"), William F. Mellin ("Mellin"), Stephen L. Millham ("Millham"), Thomas F. Steyer ("Steyer") and Mark C. Wehrly ("Wehrly"). Boilini, Cohen, Downes, Duhamel, Fremder, Fried, Landry, Mellin, Millham, Steyer and Wehrly are together referred to herein as the "Individual Reporting Persons." (b) The address of the principal business and principal office of (i) the Partnerships, the General Partner and the Management Company is One Maritime Plaza, Suite 1325, San Francisco, California 94111 and (ii) each of the Individual Reporting Persons is set forth in Annex 1 hereto. (c) The principal business of each of the Partnerships is that of a private investment fund engaging in the purchase and sale of investments for its own account. The principal business of the General Partner is to act as the general partner of the Partnerships. The principal business of the Management Company is that of a registered investment adviser. The principal business of each of the Individual Reporting Persons is set forth in Annex 1 hereto. (d) None of the Partnerships, the Management Company, the General Partner or any of 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 Partnerships, the Management Company, the General Partner or any of 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. Page 21 of 35 Pages (f) The citizenship of each of the Partnerships, the General Partner and the Management Company is set forth above. Each of the Individual Reporting Persons is a United States citizen. The other information required by Item 2 relating to the identity and background of the Reporting Persons is set forth in Annex 1 hereto. Item 4. Purpose Of The Transaction. ------- -------------------------- Item 4 of the Schedule 13D is amended and restated in its entirety as follows: The purpose of the acquisitions of the Shares by each of the Partnerships and the Managed Accounts was for investment purposes. The Reporting Persons do not have any specific plan or proposal to acquire or dispose of Shares. Consistent with its investment purpose, each Reporting Person, at any time and from time to time may acquire additional Shares or dispose of any or all of its Shares depending upon an ongoing evaluation of the investment in the Shares, prevailing market conditions, other investment opportunities, liquidity requirements of the Reporting Person and/or other investment considerations. No Reporting Person has made a determination regarding a maximum or minimum number of Shares which it may hold at any point in time. The Reporting Persons have in the past engaged in (and may in the future engage in) communications with one or more shareholders of the Company, one or more officers of the Company, and one or more members of the board of directors of the Company regarding the Company, including but not limited to its operations. Except to the extent that the foregoing may be deemed a plan or proposal, none of the Reporting Persons has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position Page 22 of 35 Pages and/or change their purpose and or formulate plans or proposals with respect thereto. Item 5. Interest In Securities Of The Issuer. ------ ------------------------------------ Item 5 of the Schedule 13D is amended and restated in its entirety as follows: (a) The Partnerships ---------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Partnership is incorporated herein by reference for each such Partnership. The percentage amount set forth in Row 13 for all cover pages filed herewith is calculated based upon the 13,121,148 Shares outstanding as of August 13, 2002 as reported by the Company in its Quarterly Report on Form 10-Q for the period ended June 30, 2002 filed with the Securities and Exchange Commission on August 14, 2002. (c) The trade dates, number of Shares purchased or sold and the price per Share (including commissions) for all purchases and sales of the Shares by the Partnerships since the filing of the prior Schedule 13D are set forth on Schedules A-E hereto and are incorporated herein by reference. All of such transactions were open-market transactions. (d) The General Partner has the power to direct the affairs of the Partnerships, including the disposition of the proceeds of the sale of the Shares. The Individual Reporting Persons are managing members of the General Partner. (e) Not applicable. (b) 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) The trade dates, number of Shares purchased or sold and the price per Share (including commissions) for all purchases and sales of the Shares by the Management Company on behalf of the Managed Account since the filing of the prior Schedule 13D are set forth on Schedule F hereto and are incorporated herein by reference. All of such transactions were open-market transactions. (d) The Management Company, as an investment adviser, has the power to direct the disposition of the proceeds of the sale of the Shares held by the Managed Account. The Individual Reporting Persons are managing members of the Management Company. Page 23 of 35 Pages (e) Not applicable. (c) The General Partner ------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for the General Partner is incorporated herein by reference. (c) None. (d) The General Partner has the power to direct the affairs of the Partnerships, in cluding the disposition of the proceeds of the sale of the Shares. The Individual Reporting Persons are managing members of the General Partner. (e) Not applicable. (d) The Individual Reporting Persons -------------------------------- (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for each Individual Reporting Person is incorporated herein by reference for each such Individual Reporting Person. (c) None. (d) The General Partner has the power to direct the affairs of the Partnerships, in cluding the disposition of the proceeds of the sale of the Shares. The Management Company, as an investment adviser, has the power to direct the disposition of the proceeds of the sale of the Shares held by the Managed Ac count. The Individual Reporting Persons are managing members of the General Partner. The Individual Reporting Persons are managing members of the Management Company. (e) Not applicable. The Shares reported hereby for the Partnerships are owned directly by the Partnerships and those reported by the Management Company on behalf of the Managed Account are owned directly by the Managed Account. The General Partner, as general partner to the Partnerships, may be deemed to be the beneficial owner of all such Shares owned by the Partnerships. The Management Company, as investment adviser to the Managed Account, may be deemed to be the beneficial owner of all such Shares owned by the Managed Account. The Individual Reporting Persons, as managing members of both the General Partner and the Management Company, may each be deemed to be the beneficial owner of all such Shares held by the Partnerships and the Managed Account. Each of the Management Company, the General Partner and the Individual Reporting Persons hereby disclaims any beneficial ownership of any such Shares. Page 24 of 35 Pages Item 7. Materials To Be Filed As Exhibits. ------ --------------------------------- There is filed herewith as Exhibit 1 a written agreement relating to the filing of joint acquisition statements as required by Section 240.13d-1(f)(1) under the Securities Exchange Act of 1934, as amended. Page 25 of 35 Pages ANNEX 1 Set forth below with respect to the Management Company and the 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 managing member of the Management Company and the General Partner is the following: (a) name; (b) business address; (c) principal occupation; and (d) citizenship. 1. 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; Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F. Duhamel, Andrew B. Fremder, Richard B. Fried, Monica R. Landry, William F. Mellin, Stephen L. Millham and Mark C. Wehrly, Managing Members. 2. The 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; Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F. Duhamel, Fleur E. Fairman, Andrew B. Fremder, Richard B. Fried, Monica R. Landry, William F. Mellin, Stephen L. Millham and Mark C. Wehrly, Managing Members. 3. The Individual Reporting Persons/The Managing Members ----------------------------------------------------- Except as stated below, each of the Managing Members (including the Individual Reporting Persons) is a United States citizen whose business address is c/o Farallon Capital Management, L.L.C., One Maritime Plaza, Suite 1325, San Francisco, California 94111. Enrique H. Boilini's business address is c/o Farallon Capital Management, L.L.C., 75 Holly Hill Lane, Greenwich, Connecticut 06830. The principal occupation of Thomas F. Steyer is serving as senior managing member of the Management Company and the General Partner. The principal occupation of each other Managing Member is serving as a managing member of the Management Company and/or the General Partner. None of the Managing Members (including the Individual Reporting Persons) have 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 26 of 35 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 30, 2002 /s/ Thomas F. Steyer ----------------------------------------- FARALLON PARTNERS, L.L.C., on its own behalf and as 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., And TINICUM PARTNERS, L.P., By Thomas F. Steyer, Senior Managing Member /s/ Thomas F. Steyer ----------------------------------------- FARALLON CAPITAL MANAGEMENT, L.L.C., By Thomas F. Steyer, Senior Managing Member /s/ Thomas F. Steyer ----------------------------------------- Thomas F. Steyer, individually and as attorney-in-fact for each of Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F. Duhamel, Andrew B. Fremder, Richard B. Fried, Monica R. Landry William F. Mellin, Stephen L. Millham, and Mark C. Wehrly. The Powers of Attorney, each executed by Boilini, Cohen, Downes, Fremder, Mellin and Millham authorizing Steyer 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 September 26, 1997, by such Reporting Persons with respect to the Common Stock of Sphere Drake Holdings Limited, are hereby incorporated by reference. The Powers of Attorney executed by Duhamel and Fried authorizing Steyer to sign and file this Schedule 13D on each person's behalf, which were filed with Amendment No. 1 to the Schedule 13G filed with the Securities and Exchange Commission on January 13, 1999, by such Reporting Persons with respect to the Callable Class A Common Shares of CliniChem Development Inc., are hereby incorporated by reference. The Power of Attorney executed by Mark C. Wehrly authorizing Steyer to sign and file this Schedule 13D on his behalf, which was filed with Amendment No. 2 to the Schedule 13D filed with the Securities and Exchange Commission on January 10, 2000, by such Reporting Person with respect to the Common Shares of Axogen Limited, is hereby incorporated by reference. The Power of Attorney executed by Monica R. Landry authorizing Page 27 of 35 Pages Steyer to sign and filed this Schedule 13D on her behalf, which was filed with the Schedule 13G filed with the Securities and Exchange Commission on January 22, 2001, by such Reporting Person with respect to the Common Stock of Korn/Ferry International, is hereby incorporated by reference. Page 28 of 35 Pages SCHEDULE A FARALLON CAPITAL PARTNERS, L.P. ------------------------------- NO. OF SHARES PURCHASED (P) PRICE TRADE DATE OR SOLD (S) PER SHARE ($) ------------ --------------- -------------- 09/20/2002 4,500(S) $11.53 09/20/2002 9,400(S) $11.53 09/20/2002 10,500(S) $11.53 09/20/2002 26,500(S) $11.53 09/20/2002 2,600(S) $11.53 09/20/2002 600(S) $11.53 09/20/2002 6,300(S) $11.53 09/20/2002 27,600(S) $11.53 09/20/2002 24,700(S) $11.53 09/24/2002 5,800(S) $11.50 09/24/2002 3,300(S) $11.50 09/25/2002 14,700(S) $11.46 09/26/2002 23,700(S) $11.46 09/26/2002 12,500(S) $11.46 09/26/2002 8,600(S) $11.46 09/27/2002 16,800(S) $11.43 09/27/2002 35,100(S) $11.43 09/27/2002 2,400(S) $11.43 09/27/2002 2,500(S) $11.43 09/27/2002 1,200(S) $11.43 Page 29 of 35 Pages SCHEDULE B FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P. --------------------------------------------- NO. OF SHARES PURCHASED (P) PRICE TRADE DATE OR SOLD (S) PER SHARE ($) ----------- --------------- --------------- 09/20/2002 4,900(S) $11.53 09/20/2002 10,000(S) $11.53 09/20/2002 11,200(S) $11.53 09/20/2002 27,600(S) $11.53 09/20/2002 2,700(S) $11.53 09/20/2002 600(S) $11.53 09/20/2002 6,600(S) $11.53 09/20/2002 27,000(S) $11.53 09/20/2002 22,400(S) $11.53 09/24/2002 7,800(S) $11.50 09/24/2002 1,400(S) $11.50 09/25/2002 14,700(S) $11.46 09/26/2002 27,400(S) $11.46 09/26/2002 12,600(S) $11.46 09/26/2002 5,000(S) $11.46 09/27/2002 20,700(S) $11.43 09/27/2002 35,100(S) $11.43 09/27/2002 2,300(S) $11.43 Page 30 of 35 Pages SCHEDULE C FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P. ------------------------------------------------ NO. OF SHARES PURCHASED (P) PRICE TRADE DATE OR SOLD (S) PER SHARE ($) ------------ --------------- --------------- 09/20/2002 400(S) $11.53 09/20/2002 1,100(S) $11.53 09/20/2002 1,200(S) $11.53 09/20/2002 2,900(S) $11.53 09/20/2002 200(S) $11.53 09/20/2002 100(S) $11.53 09/20/2002 400(S) $11.53 09/20/2002 1,700(S) $11.53 09/20/2002 400(S) $11.53 09/24/2002 700(S) $11.50 09/25/2002 800(S) $11.46 09/25/2002 300(S) $11.46 09/26/2002 2,400(S) $11.46 09/26/2002 800(S) $11.46 09/26/2002 100(S) $11.46 09/27/2002 1,500(S) $11.43 09/27/2002 2,200(S) $11.43 09/27/2002 100(S) $11.43 09/27/2002 200(S) $11.43 09/27/2002 300(S) $11.43 Page 31 of 35 Pages SCHEDULE D FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P. ------------------------------------------------- NO. OF SHARES PURCHASED (P) PRICE TRADE DATE OR SOLD (S) PER SHARE ($) ------------ --------------- --------------- 09/20/2002 600(S) $11.53 09/20/2002 1,300(S) $11.53 09/20/2002 1,400(S) $11.53 09/20/2002 3,500(S) $11.53 09/20/2002 200(S) $11.53 09/20/2002 100(S) $11.53 09/20/2002 400(S) $11.53 09/20/2002 1,300(S) $11.53 09/24/2002 400(S) $11.50 09/24/2002 300(S) $11.50 09/25/2002 1,200(S) $11.46 09/26/2002 400(S) $11.46 09/26/2002 2,700(S) $11.46 09/26/2002 400(S) $11.46 09/27/2002 400(S) $11.43 09/27/2002 1,600(S) $11.43 09/27/2002 2,200(S) $11.43 09/27/2002 100(S) $11.43 09/27/2002 200(S) $11.43 Page 32 of 35 Pages SCHEDULE E TINICUM PARTNERS, L.P. ---------------------- NO. OF SHARES PURCHASED (P) PRICE TRADE DATE OR SOLD (S) PER SHARE ($) ------------ --------------- --------------- 09/20/2002 200(S) $11.53 09/20/2002 400(S) $11.53 09/20/2002 500(S) $11.53 09/20/2002 1,200(S) $11.53 09/20/2002 100(S) $11.53 09/20/2002 300(S) $11.53 09/20/2002 1,100(S) $11.53 09/20/2002 900(S) $11.53 09/24/2002 300(S) $11.50 09/24/2002 100(S) $11.50 09/25/2002 600(S) $11.46 09/26/2002 1,100(S) $11.46 09/26/2002 500(S) $11.46 09/26/2002 300(S) $11.46 09/27/2002 800(S) $11.43 09/27/2002 1,500(S) $11.43 09/27/2002 100(S) $11.43 Page 33 of 35 Pages SCHEDULE F FARALLON CAPITAL MANAGEMENT, L.L.C. ----------------------------------- NO. OF SHARES PURCHASED (P) PRICE TRADE DATE OR SOLD (S) PER SHARE ($) ------------ --------------- --------------- 09/20/2002 9,200(S) $11.53 09/20/2002 19,100(S) $11.53 09/20/2002 21,300(S) $11.53 09/20/2002 52,400(S) $11.53 09/20/2002 5,200(S) $11.53 09/20/2002 1,000(S) $11.53 09/20/2002 12,700(S) $11.53 09/20/2002 52,300(S) $11.53 09/20/2002 36,700(S) $11.53 09/24/2002 17,000(S) $11.50 09/25/2002 600(S) $11.46 09/25/2002 26,800(S) $11.46 09/26/2002 52,000(S) $11.46 09/26/2002 22,900(S) $11.46 09/26/2002 8,700(S) $11.46 09/27/2002 38,000(S) $11.43 09/27/2002 65,100(S) $11.43 09/27/2002 4,500(S) $11.43 09/27/2002 600(S) $11.43 Page 34 of 35 Pages EXHIBIT 1 to SCHEDULE 13D JOINT ACQUISITION STATEMENT PURSUANT TO SECTION 240.13D-(f)(1) ---------------------------------- 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: September 30, 2002 /s/ Thomas F. Steyer ---------------------------------------- FARALLON PARTNERS, L.L.C., on its own behalf and as 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., And TINICUM PARTNERS, L.P., By Thomas F. Steyer, Senior Managing Member /s/ Thomas F. Steyer ---------------------------------------- FARALLON CAPITAL MANAGEMENT, L.L.C., By Thomas F. Steyer, Senior Managing Member /s/ Thomas F. Steyer ---------------------------------------- Thomas F. Steyer, individually and as attorney-in-fact for each of Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F. Duhamel, Andrew B. Fremder, Richard B. Fried, Monica R. Landry William F. Mellin, Stephen L. Millham and Mark C. Wehrly. Page 35 of 35 Pages