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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
--------------------------------------------------------------------------------
Ligand Pharmaceuticals Incorporated
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.001 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
53220K207
--------------------------------------------------------------------------------
(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)
February 1, 2007
--------------------------------------------------------------------------------
(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), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages)
Page 1 of 52 Pages
Exhibit Index Found on Page 50
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday Asset Management, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 2 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday G.P. (U.S.), L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
OO
------------====================================================================
Page 3 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday Capital, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
OO
------------====================================================================
Page 4 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 5 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Saurabh K. Mittal
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
India
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 6 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday Capital Partners, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 22,700
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
22,700
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
22,700
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
OO
------------====================================================================
Page 7 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 886,699
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
886,699
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
886,699
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.9%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 8 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 791,066
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
791,066
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
791,066
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.8%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 9 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 79,845
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
79,845
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
79,845
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 10 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 80,436
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
80,436
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
80,436
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 11 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
New York
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 36,888
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
36,888
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
36,888
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 12 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RR Capital Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
-0-
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
-0-
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 13 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Offshore Investors II, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Cayman Islands
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 904,374
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
904,374
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
904,374
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.9%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 14 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 2,287,992
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
2,287,992
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,287,992
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IA, OO
------------====================================================================
Page 15 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Partners, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 2,802,008
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
2,802,008
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,802,008
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.8%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
OO
------------====================================================================
Page 16 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Chun R. Ding
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 17 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 18 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 19 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Monica R. Landry
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 20 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Douglas M. MacMahon [See Preliminary Note]
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 21 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 22 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 23 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jason E. Moment
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 24 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rajiv A. Patel
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 25 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Derek C. Schrier
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 26 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 27 of 52 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mark C. Wehrly
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 5,090,000 Shares, which is 5.1% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------============================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,090,000
------------============================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------============================================
SHARED DISPOSITIVE POWER
10
5,090,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,090,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 28 of 52 Pages
This Amendment No. 2 to Schedule 13D amends the Schedule 13D initially
filed on August 10, 2006 (collectively, with all amendments thereto, the
"Schedule 13D").
The Reporting Persons (as defined below) are filing this Schedule 13D with
respect to the shares of Common Stock, par value $0.001 per share (the
"Shares"), of Ligand Pharmaceuticals Incorporated (the "Company"). The Reporting
Persons no longer own $18,800,000 principal amount of 6% Convertible
Subordinated Notes due 2007 (the "Convertible Notes") issued by the Company,
each $1,000 principal amount of Convertible Notes immediately convertible to
161.9905 Shares, or Warrants (the "Warrants") issued by the Company to purchase
357,006 Shares, which Warrants expired on October 6, 2006.
Preliminary Note: This Schedule 13G reports that effective as of January 1,
2007, Douglas M. MacMahon became a managing member of Farallon Partners, L.L.C.
and Farallon Capital Management, L.L.C., two of the Reporting Persons, and as
such may be deemed to be a beneficial owner of the securities beneficially owned
by such entities as of such date.
Item 2. Identity And Background
------ -----------------------
Item 2 of the Schedule 13D is amended and restated in its entirety as
follows:
(a) This statement is filed by the entities and persons listed
below, all of whom together are referred to herein as the "Reporting Persons."
The Noonday Sub-adviser Entities
--------------------------------
(i) Noonday G.P. (U.S.), L.L.C., a Delaware limited
liability company which is a sub-investment adviser
to each of the Funds and the Managed Accounts (the
"First Noonday Sub-adviser"), with respect to all of
the Shares held by the Funds and the Managed
Accounts;
(ii) Noonday Asset Management, L.P., a Delaware limited
partnership which is a sub-investment adviser to each
of the Funds and the Managed Accounts (the "Second
Noonday Sub-adviser"), with respect to all of the
Shares held by the Funds and the Managed Accounts;
and
(iii) Noonday Capital, L.L.C., a Delaware limited liability
company which is the general partner of the Second
Noonday Sub-adviser (the "Noonday General Partner"),
with respect to all of the Shares held by the Funds
and the Managed Accounts.
The First Noonday Sub-adviser, the Second Noonday Sub-adviser and the
Noonday General Partner are together referred to herein as the "Noonday
Sub-adviser Entities."
The Noonday Managing Members
----------------------------
(iv) David I. Cohen ("Cohen") and Saurabh K. Mittal
("Mittal"), the managing members of both the First
Noonday Sub-adviser and the Noonday General
Page 29 of 52 Pages
Partner, with respect to all of the Shares held by
the Funds and the Managed Accounts.
Cohen and Mittal are referred to herein as the "Noonday Individual
Reporting Persons."
The Noonday Fund
----------------
(v) Noonday Capital Partners, L.L.C., a Delaware limited
liability company (the "Noonday Fund"), with respect
to the Shares held by it.
The Farallon Funds
------------------
(vi) Farallon Capital Partners, L.P., a California limited
partnership ("FCP"), with respect to the Shares held
by it;
(vii) Farallon Capital Institutional Partners, L.P., a
California limited partnership ("FCIP"), with respect
to the Shares held by it;
(viii) Farallon Capital Institutional Partners II, L.P., a
California limited partnership ("FCIP II"), with
respect to the Shares held by it;
(ix) Farallon Capital Institutional Partners III, L.P., a
Delaware limited partnership ("FCIP III"), with
respect to the Shares held by it;
(x) Tinicum Partners, L.P., a New York limited
partnership ("Tinicum"), with respect to the Shares
held by it; and
(xi) RR Capital Partners, L.P., a Delaware limited
partnership ("RR"), with respect to the Shares held
by it; and
(xii) Farallon Capital Offshore Investors II, L.P., a
Cayman Islands exempted limited partnership ("FCOI
II"), with respect to the Shares held by it.
FCP, FCIP, FCIP II, FCIP III, Tinicum, RR and FCOI II are together
referred to herein as the "Farallon Funds." The Noonday Fund and the Farallon
Funds are together referred to herein as the "Funds."
The Management Company
----------------------
(xii) 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").
Page 30 of 52 Pages
The Farallon General Partner
----------------------------
(xiii) Farallon Partners, L.L.C., a Delaware limited
liability company which is the general partner of
each of the Farallon Funds and the managing member of
the Noonday Fund (the "Farallon General Partner"),
with respect to the Shares held by each of the Funds.
The Farallon Managing Members
-----------------------------
(xiv) The following persons who are managing members of
both the Farallon General Partner and the Management
Company, with respect to the Shares held by the Funds
and the Managed Accounts: Chun R. Ding ("Ding"),
William F. Duhamel ("Duhamel"), Richard B. Fried
("Fried"), Monica R. Landry ("Landry"), Douglas M.
MacMahon ("MacMahon"), William F. Mellin ("Mellin"),
Stephen L. Millham ("Millham"), Jason E. Moment
("Moment"), Rajiv A. Patel ("Patel"), Derek C.
Schrier ("Schrier"), Thomas F. Steyer ("Steyer") and
Mark C. Wehrly ("Wehrly").
Ding, Duhamel, Fried, Landry, MacMahon, Mellin, Millham, Moment, Patel,
Schrier, Steyer and Wehrly are together referred to herein as the "Farallon
Individual Reporting Persons." The Noonday Individual Reporting Persons and the
Farallon Individual Reporting Persons are together referred to herein as the
"Individual Reporting Persons."
(b) The address of the principal business office of (i) the Funds,
the Management Company and the Farallon General Partner is One Maritime Plaza,
Suite 1325, San Francisco, California 94111, (ii) the Noonday Sub-adviser
Entities is 227 West Trade Street, Suite 2140, Charlotte, North Carolina 28202
and (iii) each of the Individual Reporting Persons is set forth in Annex 1
hereto.
(c) The principal business of each of the Funds is that of a
private investment fund engaging in the purchase and sale of investments for its
own account. The principal business of the First Noonday Sub-adviser and the
Second Noonday Sub-adviser, a registered investment adviser, is to act as a
sub-investment adviser to the Funds and the Managed Accounts. The principal
business of the Noonday General Partner is to act as the general partner of the
Second Noonday Sub-adviser. The principal business of the Management Company is
that of a registered investment adviser. The principal business of the Farallon
General Partner is to act as the general partner of the Farallon Funds and the
managing member of the Noonday Fund. The principal business of each of the
Individual Reporting Persons is set forth in Annex 1 hereto.
(d) None of the Funds, the Noonday Sub-adviser Entities, the
Management Company, the Farallon General Partner or the Individual Reporting
Persons has, during the last five years, been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) None of the Funds, the Noonday Sub-adviser Entities, the
Management Company, the Farallon General Partner or the Individual Reporting
Persons has, during the last five years, been party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
Page 31 of 52 Pages
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
(f) The citizenship of each of the Funds, the Noonday Sub-adviser
Entities, the Management Company and the Farallon General Partner is set forth
above. Each of the Individual Reporting Persons other than Mittal is a citizen
of the United States. Mittal is a citizen of India.
The other information required by Item 2 relating to the identity and
background of the Reporting Persons is set forth in Annex 1 hereto.
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 Funds
---------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Fund is incorporated
herein by reference for each such Fund. The
percentage amount set forth in Row 13 for all cover
pages filed herewith is calculated based upon the
100,599,215 Shares outstanding as January 23, 2007 as
reported by the Company in its Definitive Proxy
Statement on Schedule 14A filed with the Securities
and Exchange Commission on January 24, 2007.
(c) The trade dates, number of Shares (including
transactions in Convertible Notes or Warrants)
purchased or sold and the price per Share (including
commissions) for all purchases and sales of the
Shares by the Funds since the filing of the prior
Schedule 13D are set forth on Schedules A-G hereto
and are incorporated herein by reference. All of such
transactions were open-market transactions.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds as reported herein. The
Noonday General Partner is the general partner of the
Second Noonday Sub-adviser. The Noonday Individual
Reporting Persons are managing members of both the
First Noonday Sub-adviser and the Noonday General
Partner. The Farallon Individual Reporting Persons
are managing members of the Farallon General Partner.
(e) Not applicable.
(b) The Noonday Sub-adviser Entities
--------------------------------
Page 32 of 52 Pages
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Noonday Sub-adviser Entity
is incorporated herein by reference for each such
Noonday Sub-adviser Entity.
(c) None.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds as reported herein. Each
of the First Noonday Sub-adviser, the Second Noonday
Sub-adviser and the Management Company has the power
to direct the receipt of dividends relating to, or
the disposition of the proceeds of the sale of, all
of the Shares, Convertible Notes and Warrants held by
the Managed Accounts as reported herein. The Noonday
General Partner is the general partner of the Second
Noonday Sub-adviser. The Noonday Individual Reporting
Persons are managing members of both the First
Noonday Sub-adviser and the Noonday General Partner.
The Farallon Individual Reporting Persons are
managing members of both the Farallon General Partner
and the Management Company.
(e) Not applicable.
(c) The Noonday Individual Reporting Persons
----------------------------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Noonday Individual
Reporting Person is incorporated herein by reference
for each such Noonday Individual Reporting Person.
(c) None.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds. Each of the First Noonday
Sub-adviser, the Second Noonday Sub-adviser and the
Management Company has the power to direct the
receipt of dividends relating to, or the disposition
of the proceeds of the sale of, all of the Shares,
Convertible Notes and Warrants held by the Managed
Accounts. The Noonday General Partner is the general
partner of the Second Noonday Sub-adviser. The
Noonday Individual Reporting Persons are managing
members of both the First Noonday Sub-adviser and the
Noonday General Partner. The Farallon Individual
Reporting Persons are managing members of both the
Farallon General Partner and the Management Company.
(e) Not applicable.
Page 33 of 52 Pages
(d) The Management Company
----------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for the Management Company is
incorporated herein by reference.
(c) The trade dates, number of Shares (including
transactions in Convertible Notes or Warrants)
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 Accounts since the filing of the prior
Schedule 13D are set forth on Schedule H hereto and
are incorporated herein by reference. All of such
transactions were open-market transactions.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Management Company has
the power to direct the receipt of dividends relating
to, or the disposition of the proceeds of the sale
of, all of the Shares, Convertible Notes and Warrants
held by the Managed Accounts as reported herein. The
Noonday General Partner is the general partner of the
Second Noonday Sub-adviser. The Noonday Individual
Reporting Persons are managing members of both the
First Noonday Sub-adviser and the Noonday General
Partner. The Farallon Individual Reporting Persons
are managing members of the Management Company.
(e) Not applicable.
(e) The Farallon General Partner
----------------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for the Farallon General Partner is
incorporated herein by reference.
(c) None.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds as reported herein. The
Noonday General Partner is the general partner of the
Second Noonday Sub-adviser. The Noonday Individual
Reporting Persons are managing members of both the
First Noonday Sub-adviser and the Noonday General
Partner. The Farallon Individual Reporting Persons
are managing members of the Farallon General Partner.
(e) Not applicable.
Page 34 of 52 Pages
(f) The Farallon Individual Reporting Persons
-----------------------------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Farallon Individual
Reporting Person is incorporated herein by reference
for each such Farallon Individual Reporting Person.
(c) None.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds as reported herein. Each
of the First Noonday Sub-adviser, the Second Noonday
Sub-adviser and the Management Company has the power
to direct the receipt of dividends relating to, or
the disposition of the proceeds of the sale of, all
of the Shares, Convertible Notes and Warrants held by
the Managed Accounts as reported herein. The Noonday
General Partner is the general partner of the Second
Noonday Sub-adviser. The Noonday Individual Reporting
Persons are managing members of both the First
Noonday Sub-adviser and the Noonday General Partner.
The Farallon Individual Reporting Persons are
managing members of both the Farallon General Partner
and the Management Company.
(e) Not applicable.
The Shares reported hereby for the Funds are beneficially owned by the
Funds and those reported by the Management Company on behalf of the Managed
Accounts are beneficially owned by the Managed Accounts. The First Noonday
Sub-adviser and the Second Noonday Sub-adviser, as sub-investment advisers to
the Funds and the Managed Accounts, may be deemed to be the beneficial owners of
all such Shares beneficially owned by the Funds and the Managed Accounts. The
Noonday General Partner, as general partner to the Second Noonday Sub-adviser,
may be deemed to be the beneficial owner of all such Shares beneficially owned
by the Funds and the Managed Accounts. The Noonday Individual Reporting Persons,
as managing members of both the First Noonday Sub-adviser and the Noonday
General Partner, may each be deemed to be the beneficial owner of all such
Shares beneficially owned by the Funds and the Managed Accounts. The Management
Company, as investment adviser to the Managed Accounts, may be deemed to be the
beneficial owner of all such Shares beneficially owned by the Managed Accounts.
The Farallon General Partner, as general partner to the Farallon Funds and
managing member of the Noonday Fund, may be deemed to be the beneficial owner of
all such Shares beneficially owned by the Funds. The Farallon Individual
Reporting Persons, as managing members of both the Management Company and the
Farallon General Partner with the power to exercise investment discretion, may
each be deemed to be the beneficial owner of all such Shares beneficially owned
by the Funds and the Managed Accounts. Each of the Noonday Sub-adviser Entities,
the Management Company, the Farallon General Partner and the Individual
Reporting Persons hereby disclaims any beneficial ownership of any such Shares.
Page 35 of 52 Pages
Item 7. Materials To Be Filed As Exhibits
------ ---------------------------------
There is filed herewith as Exhibit 2 a written agreement relating to
the filing of joint acquisition statements as required by Section 240.13d-1(k)
under the Securities Exchange Act of 1934, as amended.
Page 36 of 52 Pages
SIGNATURES
----------
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: February 12, 2007
/s/ Monica R. Landry
----------------------------------------
NOONDAY G.P. (U.S.), L.L.C.
By Monica R. Landry, Attorney-in-fact
/s/ Monica R. Landry
----------------------------------------
NOONDAY CAPITAL, L.L.C.,
On its own behalf
and as the General Partner of
NOONDAY ASSET MANAGEMENT, L.P.
By Monica R. Landry, Attorney-in-fact
/s/ Monica R. Landry
----------------------------------------
FARALLON PARTNERS, L.L.C.,
On its own behalf,
as the General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P.,
RR CAPITAL PARTNERS, L.P. and
FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
and as the Managing Member of
NOONDAY CAPITAL PARTNERS, L.L.C.
By Monica R. Landry, Managing Member
/s/ Monica R. Landry
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.
By Monica R. Landry, Managing Member
/s/ Monica R. Landry
----------------------------------------
Monica R. Landry, individually and as attorney-in-fact for
each of David I. Cohen, Chun R. Ding, William F. Duhamel,
Richard B. Fried, Douglas M. MacMahon, William F. Mellin, Stephen L.
Millham, Saurabh K. Mittal, Jason E. Moment, Rajiv A. Patel,
Derek C. Schrier, Thomas F. Steyer and Mark C. Wehrly
Page 37 of 52 Pages
The Powers of Attorney executed by Duhamel, Fried, Mellin, Millham,
Steyer and Wehrly authorizing Landry to sign and file this Schedule 13D on each
person's behalf, which were filed with Amendment No. 2 to the Schedule 13D filed
with the Securities and Exchange Commission on July 16, 2003, by such Reporting
Persons with respect to the Common Stock of New World Restaurant Group, Inc.,
are hereby incorporated by reference. The Powers of Attorney executed by Ding
and Schrier authorizing Landry to sign and file this Schedule 13D on each
person's behalf, which were filed with Amendment No. 1 to the Schedule 13D filed
with the Securities and Exchange Commission on July 2, 2003, by such Reporting
Persons with respect to the Common Stock of Salix Pharmaceuticals, Ltd., are
hereby incorporated by reference. The Power of Attorney executed by Patel
authorizing Landry to sign and file this Schedule 13D on his behalf, which was
filed with Amendment No. 4 to the Schedule 13G filed with the Securities and
Exchange Commission on January 8, 2004, by such Reporting Person with respect to
the Common Stock of Catalytica Energy Systems, Inc., is hereby incorporated by
reference. The Powers of Attorney executed by Noonday G.P. (U.S.), L.L.C.,
Noonday Asset Management, L.P., Noonday Capital, L.L.C. and Cohen authorizing
Landry to sign and file this Schedule 13D on its or his behalf, which were filed
with Amendment No. 5 to the Schedule 13G filed with the Securities and Exchange
Commission on January 10, 2005, by such Reporting Persons with respect to the
Common Stock of Catalytica Energy Systems, Inc., are hereby incorporated by
reference. The Power of Attorney executed by Mittal authorizing Landry to sign
and file this Schedule 13D on his behalf, which was filed with Amendment No. 6
to the Schedule 13G filed with the Securities and Exchange Commission on October
5, 2005, by such Reporting Person with respect to the Common Stock of Catalytica
Energy Systems, Inc., is hereby incorporated by reference. The Power of Attorney
executed by Moment authorizing Landry to sign and file this Schedule 13D on his
behalf, which was filed with the Schedule 13D filed with the Securities and
Exchange Commission on January 9, 2006, by such Reporting Person with respect to
the Common Stock of Vintage Petroleum, Inc., is hereby incorporated by
reference. The Power of Attorney executed by MacMahon authorizing Landry to sign
and file this Schedule 13D on his behalf, which was filed with the Schedule 13D
filed with the Securities and Exchange Commission on January 5, 2007, by such
Reporting Person with respect to the Class A Common Stock of Univision
Communications Inc., is hereby incorporated by reference.
Page 38 of 52 Pages
ANNEX 1
Set forth below with respect to the Noonday Sub-adviser Entities, the
Management Company and the Farallon General Partner is the following
information: (a) name; (b) address; (c) principal business; (d) state of
organization; and (e) controlling persons. Set forth below with respect to each
Individual Reporting Person is the following information: (a) name; (b) business
address; (c) principal occupation; and (d) citizenship.
1. The First Noonday Sub-adviser
-----------------------------
(a) Noonday G.P. (U.S.), L.L.C.
(b) c/o Noonday Asset Management, L.P.
227 West Trade Street, Suite 2140
Charlotte, North Carolina 28202
(c) Serves as sub-investment adviser to investment funds and
managed accounts
(d) Delaware limited liability company
(e) Managing Members: David I. Cohen and Saurabh K. Mittal
2. The Second Noonday Sub-adviser
------------------------------
(a) Noonday Asset Management, L.P.
(b) 227 West Trade Street, Suite 2140
Charlotte, North Carolina 28202
(c) Serves as sub-investment adviser to investment funds and
managed accounts
(d) Delaware limited partnership
(e) David I. Cohen and Saurabh K. Mittal, the managing members of
its general partner
3. The Noonday General Partner
---------------------------
(a) Noonday Capital, L.L.C.
(b) c/o Noonday Asset Management, L.P.
227 West Trade Street, Suite 2140
Charlotte, North Carolina 28202
(c) Serves as general partner of the Second Noonday Sub-adviser
(d) Delaware limited liability company
(e) Managing Members: David I. Cohen and Saurabh K. Mittal
4. The Noonday Individual Reporting Persons
----------------------------------------
Cohen is a citizen of the United States. Mittal is a citizen of India.
The business address of each of the Noonday Individual Reporting
Persons is c/o Noonday Asset Management, L.P., 227 West Trade Street,
Suite 2140, Charlotte, North Carolina 28202. The principal occupation
of each of the Noonday Individual Reporting Persons is serving as the
managing member of both the First Noonday Sub-adviser and the Noonday
General Partner. The Noonday Individual Reporting Persons do not have
any additional
Page 39 of 52 Pages
information to disclose with respect to Items 2-6 of the Schedule 13D
that is not already disclosed in the Schedule 13D.
5. The Management Company
----------------------
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as investment adviser to various managed accounts
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Chun R. Ding, William F. Duhamel, Alice F. Evarts, Richard B.
Fried, Monica R. Landry, Douglas M. MacMahon, William F.
Mellin, Stephen L. Millham, Jason E. Moment, Rajiv A. Patel,
Derek C. Schrier, Gregory S. Swart and Mark C. Wehrly,
Managing Members.
6. The Farallon General Partner
----------------------------
(a) Farallon Partners, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as general partner to investment partnerships
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Chun R. Ding, William F. Duhamel, Alice F. Evarts, Richard B.
Fried, Monica R. Landry, Douglas M. MacMahon, William F.
Mellin, Stephen L. Millham, Jason E. Moment, Rajiv A. Patel,
Derek C. Schrier, Gregory S. Swart and Mark C. Wehrly,
Managing Members.
7. Managing Members of the Management Company and the Farallon General
-------------------------------------------------------------------
Partner
-------
Each of the managing members of the Management Company and the Farallon
General Partner other than Gregory S. Swart is a citizen of the United
States. Gregory S. Swart is a citizen of New Zealand. The business
address of each of the managing members of the Management Company and
the Farallon General Partner is c/o Farallon Capital Management,
L.L.C., One Maritime Plaza, Suite 1325, San Francisco, California
94111. The principal occupation of Thomas F. Steyer is serving as
senior managing member of both the Management Company and the Farallon
General Partner. The principal occupation of each other managing member
of the Management Company and the Farallon General Partner is serving
as a managing member of both the Management Company and the Farallon
General Partner. None of the managing members of the Management Company
and the Farallon General Partner has any additional information to
disclose with respect to Items 2-6 of the Schedule 13D that is not
already disclosed in the Schedule 13D.
Page 40 of 52 Pages
SCHEDULE A
----------
NOONDAY CAPITAL PARTNERS, L.L.C.
--------------------------------
NO. OF SHARES PRICE
TRADE DATE SOLD PER SHARE
---------- ---- ---------
2/1/2007 300 $12.72
2/1/2007 200 $12.72
2/1/2007 200 $12.72
2/1/2007 400 $12.72
2/1/2007 1,000 $12.72
2/2/2007 200 $12.47
2/2/2007 900 $12.56
2/2/2007 1,100 $12.56
2/2/2007 1,154 $12.56
2/2/2007 446 $12.56
2/2/2007 2,300 $12.56
2/2/2007 300 $12.47
2/5/2007 300 $12.62
2/5/2007 100 $12.62
2/5/2007 900 $12.62
2/6/2007 500 $12.52
2/6/2007 100 $12.52
2/6/2007 772 $12.52
2/6/2007 528 $12.52
Page 41 of 52 Pages
SCHEDULE B
----------
FARALLON CAPITAL PARTNERS, L.P.
-------------------------------
NO. OF SHARES PRICE
TRADE DATE SOLD PER SHARE
---------- ---- ---------
2/1/2007 35,600 $12.72
2/1/2007 14,800 $12.72
2/1/2007 6,200 $12.72
2/1/2007 13,269 $12.72
2/1/2007 1,631 $12.72
2/2/2007 11,900 $12.47
2/2/2007 143,600 $12.56
2/2/2007 30,300 $12.56
2/2/2007 29,900 $12.56
2/2/2007 5,000 $12.47
2/5/2007 32,000 $12.62
2/5/2007 13,200 $12.62
2/6/2007 46,900 $12.52
2/6/2007 11,776 $12.52
2/6/2007 7,824 $12.52
Page 42 of 52 Pages
SCHEDULE C
----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.
---------------------------------------------
NO. OF SHARES PRICE
TRADE DATE SOLD PER SHARE
---------- ---- ---------
2/1/2007 28,600 $12.72
2/1/2007 11,900 $12.72
2/1/2007 7,400 $12.72
2/1/2007 17,700 $12.72
2/2/2007 9,500 $12.47
2/2/2007 115,400 $12.56
2/2/2007 13,230 $12.56
2/2/2007 34,600 $12.56
2/2/2007 23,670 $12.56
2/2/2007 5,900 $12.47
2/5/2007 25,700 $12.62
2/5/2007 15,700 $12.62
2/6/2007 37,700 $12.52
2/6/2007 14,024 $12.52
2/6/2007 9,376 $12.52
Page 43 of 52 Pages
SCHEDULE D
----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.
------------------------------------------------
NO. OF SHARES PRICE
TRADE DATE SOLD PER SHARE
---------- ---- ---------
2/1/2007 3,200 $12.72
2/1/2007 1,300 $12.72
2/1/2007 600 $12.72
2/1/2007 1,300 $12.72
2/2/2007 1,100 $12.47
2/2/2007 12,900 $12.56
2/2/2007 8 $12.56
2/2/2007 3,092 $12.56
2/2/2007 2,300 $12.56
2/2/2007 400 $12.47
2/5/2007 2,900 $12.62
2/5/2007 1,200 $12.62
2/6/2007 4,200 $12.52
2/6/2007 1,064 $12.52
2/6/2007 736 $12.52
Page 44 of 52 Pages
SCHEDULE E
----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.
-------------------------------------------------
NO. OF SHARES PRICE
TRADE DATE SOLD PER SHARE
---------- ---- ---------
2/1/2007 3,000 $12.72
2/1/2007 1,200 $12.72
2/1/2007 700 $12.72
2/1/2007 1,700 $12.72
2/2/2007 1,000 $12.47
2/2/2007 11,900 $12.56
2/2/2007 1,922 $12.56
2/2/2007 2,400 $12.56
2/2/2007 2,678 $12.56
2/2/2007 600 $12.47
2/5/2007 2,700 $12.62
2/5/2007 1,500 $12.62
2/6/2007 3,900 $12.52
2/6/2007 1,372 $12.52
2/6/2007 928 $12.52
Page 45 of 52 Pages
SCHEDULE F
----------
TINICUM PARTNERS, L.P.
----------------------
NO. OF SHARES PRICE
TRADE DATE SOLD PER SHARE
---------- ---- ---------
2/1/2007 1,500 $12.72
2/1/2007 600 $12.72
2/1/2007 200 $12.72
2/1/2007 569 $12.72
2/1/2007 31 $12.72
2/2/2007 500 $12.47
2/2/2007 6,100 $12.56
2/2/2007 1,200 $12.56
2/2/2007 1,200 $12.56
2/2/2007 200 $12.47
2/5/2007 1,400 $12.62
2/5/2007 500 $12.62
2/6/2007 2,000 $12.52
2/6/2007 480 $12.52
2/6/2007 320 $12.52
Page 46 of 52 Pages
SCHEDULE G
----------
FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
--------------------------------------------
NO. OF SHARES PRICE
TRADE DATE SOLD PER SHARE
---------- ---- ---------
2/1/2007 32,200 $12.72
2/1/2007 13,400 $12.72
2/1/2007 8,700 $12.72
2/1/2007 3,352 $12.72
2/1/2007 17,648 $12.72
2/2/2007 10,700 $12.47
2/2/2007 130,000 $12.56
2/2/2007 39,300 $12.56
2/2/2007 45,300 $12.56
2/2/2007 7,000 $12.47
2/5/2007 29,000 $12.62
2/5/2007 18,500 $12.62
2/6/2007 42,400 $12.52
2/6/2007 16,560 $12.52
2/6/2007 11,040 $12.52
Page 47 of 52 Pages
SCHEDULE H
----------
FARALLON CAPITAL MANAGEMENT, L.L.C.
-----------------------------------
NO. OF SHARES PRICE
TRADE DATE SOLD PER SHARE
---------- ---- ---------
2/1/2007 68,900 $12.72
2/1/2007 28,900 $12.72
2/1/2007 19,800 $12.72
2/1/2007 47,300 $12.72
2/2/2007 22,900 $12.47
2/2/2007 277,700 $12.56
2/2/2007 28,095 $12.56
2/2/2007 103,600 $12.56
2/2/2007 58,805 $12.56
2/2/2007 15,800 $12.47
2/5/2007 61,819 $12.62
2/5/2007 41,800 $12.62
2/6/2007 90,700 $12.52
2/6/2007 37,300 $12.52
2/6/2007 24,800 $12.52
2/1/2007 1,200 $12.72
2/1/2007 5,300 $12.72
2/1/2007 700 $12.72
2/1/2007 2,000 $12.72
2/1/2007 6,000 $12.72
2/1/2007 11,945 $12.72
2/1/2007 2,555 $12.72
2/2/2007 2,200 $12.47
2/2/2007 2,600 $12.56
2/2/2007 2,100 $12.56
2/2/2007 2,900 $12.56
2/2/2007 12,700 $12.56
2/2/2007 3,100 $12.56
2/2/2007 3,000 $12.56
2/2/2007 32,000 $12.56
2/2/2007 26,500 $12.56
2/2/2007 4,800 $12.47
2/5/2007 2,900 $12.62
2/5/2007 3,000 $12.62
2/5/2007 12,800 $12.62
2/6/2007 500 $12.52
Page 48 of 52 Pages
2/6/2007 1,300 $12.52
2/6/2007 2,100 $12.52
2/6/2007 2,600 $12.52
2/6/2007 1,300 $12.52
2/6/2007 700 $12.52
2/6/2007 100 $12.52
2/6/2007 11,452 $12.52
2/6/2007 7,648 $12.52
Page 49 of 52 Pages
EXHIBIT INDEX
-------------
EXHIBIT 2 Joint Acquisition Statement Pursuant to
Section 240.13d-1(k)
Page 50 of 52 Pages
EXHIBIT 2
to
SCHEDULE 13D
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated: February 12, 2007
/s/ Monica R. Landry
________________________________________
NOONDAY G.P. (U.S.), L.L.C.
By Monica R. Landry, Attorney-in-fact
/s/ Monica R. Landry
________________________________________
NOONDAY CAPITAL, L.L.C.,
On its own behalf
and as the General Partner of
NOONDAY ASSET MANAGEMENT, L.P.
By Monica R. Landry, Attorney-in-fact
/s/ Monica R. Landry
________________________________________
FARALLON PARTNERS, L.L.C.,
On its own behalf,
as the General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P.
RR CAPITAL PARTNERS, L.P. and
FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
and as the Managing Member of
NOONDAY CAPITAL PARTNERS, L.L.C.
By Monica R. Landry, Managing Member
Page 51 of 52 Pages
/s/ Monica R. Landry
________________________________________
FARALLON CAPITAL MANAGEMENT, L.L.C.
By Monica R. Landry, Managing Member
/s/ Monica R. Landry
________________________________________
Monica R. Landry, individually and as attorney-in-fact for
each of David I. Cohen, Chun R. Ding, William F. Duhamel,
Richard B. Fried, Douglas M. MacMahon, William F. Mellin, Stephen L.
Millham, Saurabh K. Mittal, Jason E. Moment, Rajiv A. Patel,
Derek C. Schrier, Thomas F. Steyer and Mark C. Wehrly
Page 52 of 52 Pages