SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Martin Marietta Materials, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
573284106
(CUSIP Number)
SPO Advisory Corp.
591 Redwood Highway, Suite 3215
Mill Valley, California 94941
(415) 383-6600
with a copy to:
Alison S. Ressler
Sullivan & Cromwell LLP
1888 Century Park East
Los Angeles, California 90067-1725
(310) 712-6600
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 8, 2011
(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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons 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).
Page 2 of 19 pages
CUSIP No. 573284106
1. |
NAME OF REPORTING PERSON
SPO Partners II, L.P.
| |||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) x
| |||||||
3. | SEC Use Only
| |||||||
4. | SOURCE OF FUNDS
WC
| |||||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) ¨
| |||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
| |||||||
7. | SOLE VOTING POWER
4,189,535(1)
| |||||||
|
Number Of Shares Beneficially Owned By Each Reporting Person With |
8. | SHARED VOTING POWER
0
| |||||
9. | SOLE DISPOSITIVE POWER
4,189,535(1)
| |||||||
10. | SHARED DISPOSITIVE POWER
0
| |||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,189,535
| |||||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
| |||||||
14. | TYPE OF REPORTING PERSON
PN
|
(1) | Power is exercised through its sole general partner, SPO Advisory Partners, L.P. |
Page 3 of 19 pages
CUSIP No. 573284106
1. |
NAME OF REPORTING PERSON
SPO Advisory Partners, L.P.
| |||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) x
| |||||||
3. | SEC Use Only
| |||||||
4. | SOURCE OF FUNDS
Not Applicable
| |||||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) ¨
| |||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
| |||||||
7. | SOLE VOTING POWER
4,189,535(1)(2)
| |||||||
|
Number Of Shares Beneficially Owned By Each Reporting Person With |
8. | SHARED VOTING POWER
0
| |||||
9. | SOLE DISPOSITIVE POWER
4,189,535(1)(2)
| |||||||
10. | SHARED DISPOSITIVE POWER
0
| |||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,189,535
| |||||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
| |||||||
14. | TYPE OF REPORTING PERSON
PN
|
(1) | Solely in its capacity as the sole general partner of SPO Partners II, L.P. |
(2) | Power is exercised through its sole general partner, SPO Advisory Corp. |
Page 4 of 19 pages
CUSIP No. 573284106
1. |
NAME OF REPORTING PERSON
San Francisco Partners, L.P.
| |||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) x
| |||||||
3. | SEC Use Only
| |||||||
4. | SOURCE OF FUNDS
WC
| |||||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) ¨
| |||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
California
| |||||||
7. | SOLE VOTING POWER
150,700(1)
| |||||||
|
Number Of Shares Beneficially Owned By Each Reporting Person With |
8. | SHARED VOTING POWER
0
| |||||
9. | SOLE DISPOSITIVE POWER
150,700(1)
| |||||||
10. | SHARED DISPOSITIVE POWER
0
| |||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,700
| |||||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
| |||||||
14. | TYPE OF REPORTING PERSON
PN
|
(1) | Power is exercised through its sole general partner, SF Advisory Partners, L.P. |
Page 5 of 19 pages
CUSIP No. 573284106
1. |
NAME OF REPORTING PERSON
SF Advisory Partners, L.P.
| |||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) x
| |||||||
3. | SEC Use Only
| |||||||
4. | SOURCE OF FUNDS
Not Applicable
| |||||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) ¨
| |||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
| |||||||
7. | SOLE VOTING POWER
150,700(1)(2)
| |||||||
|
Number Of Shares Beneficially Owned By Each Reporting Person With |
8. | SHARED VOTING POWER
0
| |||||
9. | SOLE DISPOSITIVE POWER
150,700(1)(2)
| |||||||
10. | SHARED DISPOSITIVE POWER
0
| |||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,700
| |||||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
| |||||||
14. | TYPE OF REPORTING PERSON
PN
|
(1) | Solely in its capacity as the sole general partner of San Francisco Partners, L.P. |
(2) | Power is exercised through its sole general partner, SPO Advisory Corp. |
Page 6 of 19 pages
CUSIP No. 573284106
1. |
NAME OF REPORTING PERSON
SPO Advisory Corp.
| |||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) x
| |||||||
3. | SEC Use Only
| |||||||
4. | SOURCE OF FUNDS
Not Applicable
| |||||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) ¨
| |||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
| |||||||
7. | SOLE VOTING POWER
4,340,235(1)(2)
| |||||||
|
Number Of Shares Beneficially Owned By Each Reporting Person With |
8. | SHARED VOTING POWER
0
| |||||
9. | SOLE DISPOSITIVE POWER
4,340,235(1)(2)
| |||||||
10. | SHARED DISPOSITIVE POWER
0
| |||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,340,235
| |||||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5%
| |||||||
14. | TYPE OF REPORTING PERSON
CO
|
(1) | Solely in its capacity as the sole general partner of SPO Advisory Partners, L.P. with respect to 4,189,535 of such shares; and solely in its capacity as the sole general partner of SF Advisory Partners, L.P. with respect to 150,700 of such shares. |
(2) | Power is exercised through its three controlling persons, John H. Scully, William E. Oberndorf and Edward H. McDermott. |
Page 7 of 19 pages
CUSIP No. 573284106
1. |
NAME OF REPORTING PERSON
John H. Scully
| |||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) x
| |||||||
3. | SEC Use Only
| |||||||
4. | SOURCE OF FUNDS
PF and Not Applicable
| |||||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) ¨
| |||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
USA
| |||||||
7. | SOLE VOTING POWER
1,100(1)
| |||||||
|
Number Of Shares Beneficially Owned By Each Reporting Person With |
8. | SHARED VOTING POWER
4,340,235(2)
| |||||
9. | SOLE DISPOSITIVE POWER
1,100(1)
| |||||||
10. | SHARED DISPOSITIVE POWER
4,340,235(2)
| |||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,341,335
| |||||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5%
| |||||||
14. | TYPE OF REPORTING PERSON
IN
|
(1) | These shares are held in the John H. Scully Individual Retirement Accounts, which are self-directed. |
(2) | These shares may be deemed to be beneficially owned by Mr. Scully solely in his capacity as one of three controlling persons of SPO Advisory Corp. |
Page 8 of 19 pages
CUSIP No. 573284106
1. |
NAME OF REPORTING PERSON
William E. Oberndorf
| |||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) x
| |||||||
3. | SEC Use Only
| |||||||
4. | SOURCE OF FUNDS
PF and Not Applicable
| |||||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) ¨
| |||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
USA
| |||||||
7. | SOLE VOTING POWER
3,800(1)
| |||||||
|
Number Of Shares Beneficially Owned By Each Reporting Person With |
8. | SHARED VOTING POWER
4,340,235(2)
| |||||
9. | SOLE DISPOSITIVE POWER
3,800(1)
| |||||||
10. | SHARED DISPOSITIVE POWER
4,340,235(2)
| |||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,344,035
| |||||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5%
| |||||||
14. | TYPE OF REPORTING PERSON
IN
|
(1) | These shares are held in the William E. Oberndorf Individual Retirement Account, which is self directed. |
(2) | These shares may be deemed to be beneficially owned by Mr. Oberndorf solely in his capacity as one of three controlling persons of SPO Advisory Corp. |
Page 9 of 19 pages
CUSIP No. 573284106
1. |
NAME OF REPORTING PERSON
Edward H. McDermott
| |||||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) x
| |||||||
3. | SEC Use Only
| |||||||
4. | SOURCE OF FUNDS
PF and Not Applicable
| |||||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) ¨
| |||||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
USA
| |||||||
7. | SOLE VOTING POWER
100(1)
| |||||||
|
Number Of Shares Beneficially Owned By Each Reporting Person With |
8. | SHARED VOTING POWER
4,340,235(2)
| |||||
9. | SOLE DISPOSITIVE POWER
100(1)
| |||||||
10. | SHARED DISPOSITIVE POWER
4,340,235(2)
| |||||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,340,335
| |||||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |||||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5%
| |||||||
14. | TYPE OF REPORTING PERSON
IN
|
(1) | These shares are held in the Edward H. McDermott Individual Retirement Account, which is self-directed. |
(2) | These shares may be deemed to be beneficially owned by Mr. McDermott solely in his capacity as one of three controlling persons of SPO Advisory Corp. |
Page 10 of 19 pages
CUSIP No. 573284106
This Amendment No. 5 amends the Schedule 13D (the Original 13D) filed with the Securities and Exchange Commission (SEC) on August 10, 2007, as amended on September 28, 2007, October 29, 2007, August 12, 2008 and October 10, 2008. Unless otherwise stated herein, the Original 13D, as previously amended, remains in full force and effect. Terms used therein and not defined herein shall have the meanings ascribed thereto in the Original 13D.
ITEM 2. | Identity and Background. |
Item 2(a) is hereby amended and restated in its entirety as follows:
(a) The undersigned hereby file this Schedule 13D Statement on behalf of SPO Partners II, L.P., a Delaware limited partnership (SPO), SPO Advisory Partners, L.P., a Delaware limited partnership (SPO Advisory Partners), San Francisco Partners, L.P., a California limited partnership (SFP), SF Advisory Partners, L.P., a Delaware limited partnership (SF Advisory Partners), SPO Advisory Corp., a Delaware corporation (SPO Advisory Corp.), John H. Scully (JHS), William E. Oberndorf (WEO) and Edward H. McDermott (EHM). SPO, SPO Advisory Partners, SFP, SF Advisory Partners, SPO Advisory Corp., JHS, WEO and EHM are sometimes hereinafter referred to as the Reporting Persons. The Reporting Persons are making this single, joint filing because they may be deemed to constitute a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the Act), although neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that a group exists.
The Original 13D listed William J. Patterson (WJP) and the Elizabeth R. & William J. Patterson Foundation (the Patterson Foundation) as Reporting Persons. William J. Patterson passed away on September 24, 2010. As a result, Mr. Patterson and the Elizabeth R. & William J. Patterson Foundation are no longer Reporting Persons for all purposes under this Amendment and the Schedule 13D.
The Original 13D listed Phoebe Snow Foundation, Inc., a California corporation (PS Foundation) as a Reporting Person. PS Foundation no longer beneficially owns any of the Shares. As a result, PS Foundation is no longer a Reporting Person for all purposes under this Amendment and the Schedule 13D.
The following subsections of Item 2(b)-(c) are hereby amended and restated in their entirety as follows:
EHM
EHMs business address is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. His present principal occupation is serving as a managing director of SPO Partners & Co., a Delaware corporation. The principal business of SPO Partners & Co. is operating as an investment firm. The principal business address of SPO Partners & Co., which serves as its principal office, is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. EHM is one of three controlling persons of SPO Advisory Corp., the sole general partner of each of SPO Advisory Partners and SF Advisory Partners.
JHS
JHSs business address is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. His present principal occupation is serving as a managing director of SPO Partners & Co., a Delaware corporation. The principal business of SPO Partners & Co. is operating as an investment firm. The principal business address of SPO Partners & Co., which serves as its principal office, is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. JHS is one of three controlling persons of SPO Advisory Corp., the sole general partner of each of SPO Advisory Partners and SF Advisory Partners.
WEO
WEOs business address is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. His present principal occupation is serving as a managing director of SPO Partners & Co., a Delaware corporation. The principal business of SPO Partners & Co. is operating as an investment firm. The principal business address of SPO Partners & Co., which serves as its principal office, is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941. WEO is one of three controlling persons of SPO Advisory Corp., the sole general partner of each of SPO Advisory Partners and SF Advisory Partners.
Page 11 of 19 pages
CUSIP No. 573284106
ITEM 3. | Source and Amount of Funds or Other Consideration. |
The source and amount of the funds used or to be used by the Reporting Persons to purchase Shares are as follows:
Name |
Source of Funds |
Amount of Funds | ||||
SPO |
Contributions from Partners | $ | 527,633,079 | (1) | ||
SPO Advisory Partners |
Not Applicable | Not Applicable | ||||
SFP |
Contributions from Partners | $ | 19,935,876 | (2) | ||
SF Advisory Partners |
Not Applicable | Not Applicable | ||||
SPO Advisory Corp. |
Not Applicable | Not Applicable | ||||
JHS |
Not Applicable and Personal Funds(3) | $ | 135,821 | (4) | ||
WEO |
Not Applicable and Personal Funds(3) | $ | 344,836 | (5) | ||
EHM |
Not Applicable and Personal Funds(3) | $ | 7,902 |
(1) | Net of proceeds of $69,200,470. |
(2) | Net of proceeds of $2,485,964. |
(3) | As used herein, the term Personal Funds includes sums borrowed from banks and brokerage firm margin accounts, none of which were borrowed or otherwise obtained for the specific purpose of acquiring, holding, trading or voting Shares. |
(4) | Net of proceeds of $20,599, |
(5) | Net of proceeds of $62,003. |
ITEM 5. | Interest in Securities of the Issuer. |
(a) Percentage interest calculations for each Reporting Person are based upon the Issuer having 45,683,317 total outstanding shares of common stock as reported on the Issuers 10-Q filed with the Securities and Exchange Commission on August 8, 2011.
SPO
The aggregate number of Shares that SPO owns beneficially, pursuant to Rule 13d-3 of the Act, is 4,189,535 Shares, which constitutes approximately 9.2% of the outstanding Shares.
SPO Advisory Partners
Because of its position as the sole general partner of SPO, SPO Advisory Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 4,189,535 Shares, which constitutes approximately 9.2% of the outstanding Shares.
SFP
The aggregate number of Shares that SFP owns beneficially, pursuant to Rule 13d-3 of the Act, is 150,700 Shares, which constitutes approximately 0.3% of the outstanding Shares.
Page 12 of 19 pages
CUSIP No. 573284106
SF Advisory Partners
Because of its position as the sole general partner of SFP, SF Advisory Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 150,700 Shares, which constitutes approximately 0.3% of the outstanding Shares.
SPO Advisory Corp.
Because of its positions as the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, SPO Advisory Corp. may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 4,340,235 Shares in the aggregate, which constitutes approximately 9.5% of the outstanding Shares.
JHS
Individually, and because of his positions as a control person of SPO Advisory Corp. JHS may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 4,341,335 Shares, which constitutes approximately 9.5% of the outstanding Shares.
WEO
Individually, and because of his position as a control person of SPO Advisory Corp., WEO may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 4,344,035 Shares in the aggregate, which constitutes approximately 9.5% of the outstanding Shares.
EHM
Because of his position as a control person of SPO Advisory Corp., EHM may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 4,340,335 Shares, which constitutes approximately 9.5% of the outstanding Shares.
To the best of the knowledge of each of the Reporting Persons, other than as set forth above, none of the persons named in Item 2 hereof is the beneficial owner of any Shares.
(b) SPO
Acting through its sole general partner, SPO has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 4,189,535 Shares.
Page 13 of 19 pages
CUSIP No. 573284106
SPO Advisory Partners
Acting through its sole general partner and in its capacity as the sole general partner of SPO, SPO Advisory Partners has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 4,189,535 Shares.
SFP
Acting through its sole general partner, SFP has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 150,700 Shares.
SF Advisory Partners
Acting through its sole general partner and in its capacity as the sole general partner of SFP, SF Advisory Partners has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 150,700 Shares.
SPO Advisory Corp.
Acting through its controlling persons and in its capacities as the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, SPO Advisory Corp. has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 4,340,235 Shares in the aggregate.
JHS
As one of three controlling persons of SPO Advisory Corp., which is the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, JHS may be deemed to have shared power with WEO and EHM to vote or to direct the vote and to dispose or to direct the disposition of 4,340,235 Shares held by SPO and SFP in the aggregate. In addition, JHS has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 1,100 Shares held in the John H. Scully Individual Retirement Accounts, which are self-directed individual retirement accounts.
WEO
As one of three controlling persons of SPO Advisory Corp., which is the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, WEO may be deemed to have shared power with JHS and EHM to vote or to direct the vote and to dispose or to direct the disposition of 4,340,235 Shares held by SPO and SFP in the aggregate. In addition, WEO has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 3,800 Shares held in the William E. Oberndorf Individual Retirement Account, which is a self-directed individual retirement account.
EHM
As one of three controlling persons of SPO Advisory Corp., which is the sole general partner of each of SPO Advisory Partners and SF Advisory Partners, EHM may be deemed to have shared power with JHS and WEO to vote or to direct the vote and to dispose or to direct the disposition of 4,340,235 Shares held by SPO and SFP in the aggregate. In addition, EHM has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 100 Shares held in the Edward H. McDermott Individual Retirement Account, which is a self-directed individual retirement account.
Page 14 of 19 pages
CUSIP No. 573284106
(c) Within the past 60 days of the date of this statement, the Reporting Persons sold Shares in open market transactions on the New York Stock Exchange as set forth on Schedule I attached hereto.
Except as set forth in this paragraph (c), to the best of the knowledge of each of the Reporting Persons, none of the persons named in response to paragraph (a) has effected any transactions in Shares during the past 60 days.
(d) Each of the Reporting Persons affirms that no person other than such Reporting Person has the right to receive or the power to direct the receipt of distributions with respect to, or the proceeds from the sale of, Shares owned by such Reporting Person.
(e) Not applicable.
ITEM 7. | Material to be Filed as Exhibits. |
Item 7 is hereby amended and restated in its entirety as follows:
Exhibit | A: Agreement pursuant to Rule 13d-1(k) |
Page 15 of 19 pages
CUSIP No. 573284106
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: August 10, 2011 | By: | /s/ Kim M. Silva | ||
Kim M. Silva | ||||
Attorney-in-Fact for: | ||||
SPO PARTNERS II, L.P.(1) | ||||
SPO ADVISORY PARTNERS, L.P.(1) | ||||
SAN FRANCISCO PARTNERS, L.P.(1) | ||||
SF ADVISORY PARTNERS, L.P.(1) | ||||
SPO ADVISORY CORP.(1) | ||||
JOHN H. SCULLY(1) | ||||
WILLIAM E. OBERNDORF(1) | ||||
EDWARD H. MCDERMOTT(1) | ||||
(1) A Power of Attorney authorizing Kim M. Silva to act on behalf of this person or entity has been previously filed with the Securities and Exchange Commission. |
Page 16 of 19 pages
CUSIP No. 573284106
SCHEDULE I TO
SCHEDULE 13D FOR SPO ADVISORY CORP.
Reporting Person | Date of Transaction |
Type | Class of Security CS = Common Stock W = Warrants |
Number of Shares |
Weighted Average1 Price Per Share $ |
Where/How Transaction Effected | ||||||||||||||
San Francisco Partners, L.P. |
8/3/2011 | Sell | CS | 12,900 | 70.32 | 2 | Open Market/Broker | |||||||||||||
SPO Partners II, L.P. |
8/3/2011 | Sell | CS | 358,700 | 70.32 | 2 | Open Market/Broker | |||||||||||||
John H. Scully, IRA |
8/3/2011 | Sell | CS | 100 | 70.32 | 2 | Open Market/Broker | |||||||||||||
William E. Oberndorf, IRA |
8/3/2011 | Sell | CS | 300 | 70.32 | 2 | Open Market/Broker | |||||||||||||
San Francisco Partners, L.P. |
8/4/2011 | Sell | CS | 3,000 | 70.33 | 3 | Open Market/Broker | |||||||||||||
SPO Partners II, L.P. |
8/4/2011 | Sell | CS | 83,900 | 70.33 | 3 | Open Market/Broker | |||||||||||||
William E. Oberndorf, IRA |
8/4/2011 | Sell | CS | 100 | 70.33 | 3 | Open Market/Broker | |||||||||||||
San Francisco Partners, L.P. |
8/5/2011 | Sell | CS | 6,911 | 68.07 | 4 5 | Open Market/Broker | |||||||||||||
San Francisco Partners, L.P. |
8/5/2011 | Sell | CS | 489 | 68.82 | 5 6 | Open Market/Broker | |||||||||||||
SPO Partners II, L.P. |
8/5/2011 | Sell | CS | 191,909 | 68.07 | 4 5 | Open Market/Broker | |||||||||||||
SPO Partners II, L.P. |
8/5/2011 | Sell | CS | 13,591 | 68.82 | 5 6 | Open Market/Broker | |||||||||||||
John H. Scully, IRA |
8/5/2011 | Sell | CS | 93 | 68.07 | 4 5 | Open Market/Broker | |||||||||||||
John H. Scully, IRA |
8/5/2011 | Sell | CS | 7 | 68.82 | 5 6 | Open Market/Broker | |||||||||||||
William E. Oberndorf, IRA |
8/5/2011 | Sell | CS | 187 | 68.07 | 4 5 | Open Market/Broker | |||||||||||||
William E. Oberndorf, IRA |
8/5/2011 | Sell | CS | 13 | 68.82 | 5 6 | Open Market/Broker | |||||||||||||
San Francisco Partners, L.P. |
8/8/2011 | Sell | CS | 5,865 | 67.40 | 5 7 | Open Market/Broker | |||||||||||||
San Francisco Partners, L.P. |
8/8/2011 | Sell | CS | 35 | 67.64 | 5 8 | Open Market/Broker | |||||||||||||
SPO Partners II, L.P. |
8/8/2011 | Sell | CS | 163,035 | 67.40 | 5 7 | Open Market/Broker | |||||||||||||
SPO Partners II, L.P. |
8/8/2011 | Sell | CS | 965 | 67.64 | 5 8 | Open Market/Broker | |||||||||||||
William E. Oberndorf, IRA |
8/8/2011 | Sell | CS | 100 | 67.40 | 5 7 | Open Market/Broker | |||||||||||||
San Francisco Partners, L.P. |
8/9/2011 | Sell | CS | 2,622 | 66.62 | 5 9 | Open Market/Broker | |||||||||||||
San Francisco Partners, L.P. |
8/9/2011 | Sell | CS | 4,278 | 68.12 | 5 10 | Open Market/Broker |
1 | The prices listed below represent the weighted average prices at which the amount of shares listed in each row were sold. Full detailed information regarding the shares sold and the corresponding prices will be provided upon request. |
2 | The range of prices for these sales was $70.10 $70.93. |
3 | The range of prices for these sales was $69.97 $70.53. |
4 | The range of prices for these sales was $67.70 $68.69. |
5 | The weighted average price per share indicated in this row has been calculated in the aggregate for all Reporting Persons for the price range and date indicated. |
6 | The range of prices for these sales was $68.70 $68.97. |
7 | The range of prices for these sales was $66.62 $67.61. |
8 | The range of prices for these sales was $67.62 $67.65. |
9 | The range of prices for these sales was $66.60 $67.59. |
10 | The range of prices for these sales was $67.60 $68.12. |
Page 17 of 19 pages
CUSIP No. 573284106
Reporting Person | Date of Transaction |
Type | Class of Security CS = Common Stock W = Warrants |
Number of Shares |
Weighted Average1 Price Per Share $ |
Where/How Transaction Effected | ||||||||||||||
SPO Partners II, L.P. |
8/9/2011 | Sell | CS | 73,264 | 66.62 | 5 9 | Open Market/Broker | |||||||||||||
SPO Partners II, L.P. |
8/9/2011 | Sell | CS | 119,536 | 68.12 | 5 10 | Open Market/Broker | |||||||||||||
John H. Scully, IRA |
8/9/2011 | Sell | CS | 38 | 66.62 | 5 9 | Open Market/Broker | |||||||||||||
John H. Scully, IRA |
8/9/2011 | Sell | CS | 62 | 68.12 | 5 10 | Open Market/Broker | |||||||||||||
William E. Oberndorf, IRA |
8/9/2011 | Sell | CS | 76 | 66.62 | 5 9 | Open Market/Broker | |||||||||||||
William E. Oberndorf, IRA |
8/9/2011 | Sell | CS | 124 | 68.12 | 5 10 | Open Market/Broker |
Page 18 of 19 pages
CUSIP No. 573284106
EXHIBIT INDEX
Exhibit |
Document Description | |
A | Agreement Pursuant to Rule 13d-1(k) |
Page 19 of 19 pages
CUSIP No. 573284106
EXHIBIT A
Pursuant to Rule 13d-l(k) of Regulation 13D-G of the General Rules and Regulations of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, the undersigned agrees that the statement to which this Exhibit is attached is filed on behalf of each of them in the capacities set forth below.
Dated: August 10, 2011 | By: | /s/ Kim M. Silva | ||
Kim M. Silva | ||||
Attorney-in-Fact for: | ||||
SPO PARTNERS II, L.P.(1) | ||||
SPO ADVISORY PARTNERS, L.P.(1) | ||||
SAN FRANCISCO PARTNERS, L.P.(1) | ||||
SF ADVISORY PARTNERS, L.P.(1) | ||||
SPO ADVISORY CORP.(1) | ||||
JOHN H. SCULLY(1) | ||||
WILLIAM E. OBERNDORF(1) | ||||
EDWARD H. MCDERMOTT(1) | ||||
(1) A Power of Attorney authorizing Kim M. Silva to act on behalf of this person or entity has been previously filed with the Securities and Exchange Commission. |