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Form SC 13D/A PMC SIERRA INC Filed by: RELATIONAL INVESTORS LLC

July 28, 2015 5:16 PM EDT

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 7)*

 

PMC-Sierra, Inc.

(Name of Issuer)

 

Common Stock, $0.001 par value

(Title of Class of Securities)

 

69344F106

(CUSIP Number)

 

Ralph V. Whitworth

Relational Investors, LLC

12400 High Bluff Drive, Suite 600

San Diego, CA 92130

(858) 704-3333

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

July 24, 2015

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   69344F106

 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Investors, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
9,697,171

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
9,697,171

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
9,697,171

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
4.90%

 

 

14.

Type of Reporting Person (See Instructions)
IA/HC/OO

 

2



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Investors Mid-Cap Fund I, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,965,880

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,965,880

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,965,880

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.99%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

3



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Investors Mid-Cap Fund II, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
3,389,179

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
3,389,179

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,389,179

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
1.71%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

4



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Fund Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
22,334

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
22,334

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,334

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.01%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

5



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Coast Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
242,717

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
242,717

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
242,717

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.12%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

6



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
RH Fund 1, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
217,258

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
217,258

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
217,258

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.11%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

7



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Investors IX, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
278,402

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
278,402

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
278,402

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.14%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

8



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Investors XV, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
258,133

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
258,133

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
258,133

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.13%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

9



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Investors XVI, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
115,187

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
115,187

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
115,187

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.06%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

10



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Investors XX, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
232,888

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
232,888

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
232,888

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.12%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

11



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Investors XXIII, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
326,408

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
326,408

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
326,408

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.16%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

12



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Relational Investors XXIV, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
35,766

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
35,766

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
35,766

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.02%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

13



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
Ralph V. Whitworth

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
9,697,171

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
9,697,171

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
9,697,171

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
4.90%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

14



 

 

1.

Names of Reporting Persons.

I.R.S. Identification Nos. of Above Persons (Entities Only)
David H. Batchelder

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
9,697,171

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
9,697,171

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
9,697,171

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
4.90%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

15



 

Item 1.

Security and Issuer

This Schedule 13D/A constitutes the seventh amendment to the Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on January 17, 2012 and amended by Amendment No. 1, No. 2, No. 3, No. 4, No. 5 and No. 6 filed by the Reporting Persons with the SEC on November 9, 2012, January 11, 2013, August 1, 2013, February 28, 2014, May 11, 2015 and May 14, 2015 (the “Statement”) with respect to the common stock, $0.001 par value (the “Shares”), of PMC-Sierra, Inc. (the “Issuer” or the “Company”). Except as specifically amended by this Schedule 13D/A, the Statement remains in full force and effect.

 

Item 3. Source and Amount of Funds or Other Consideration

 

The Reporting Persons purchased an aggregate of 9,697,171 Shares for total consideration (including brokerage commissions) of $65.9 million derived from their working capital.

 

16



 

Item 5. Interest in Securities of the Issuer

 

(a) As of the date of this Statement, the Reporting Persons beneficially own in the aggregate 9,697,171 Shares, constituting approximately 4.90% of the outstanding Shares. The percentage of Shares owned is based upon 197,891,832 Shares reported to be outstanding on April 29, 2015, as set forth in the Company’s Annual Report on Form 10-Q for the period ended March 28, 2015. The Reporting Persons may be deemed to have direct beneficial ownership of the Shares as follows:

 

NAME

 

NUMBER OF SHARES

 

% OF OUTSTANDING SHARES

 

VOTING AND DISPOSITIVE POWER

 

RILLC

 

2,613,019

 

1.32

%

Sole

 

MC I

 

1,965,880

 

0.99

%

Sole

 

MC II

 

3,389,179

 

1.71

%

Sole

 

RFP

 

22,334

 

0.01

%

Sole

 

RCP

 

242,717

 

0.12

%

Sole

 

RH 1

 

217,258

 

0.11

%

Sole

 

RI IX

 

278,402

 

0.14

%

Sole

 

RI XV

 

258,133

 

0.13

%

Sole

 

RI XVI

 

115,187

 

0.06

%

Sole

 

RI XX

 

232,888

 

0.12

%

Sole

 

RI XXIII

 

326,408

 

0.16

%

Sole

 

RI XXIV

 

35,766

 

0.02

%

Sole

 

 

RILLC, individually and in its capacity as an investment adviser, may be deemed to possess direct beneficial ownership of the 2,613,019 Shares that are owned by it and the Managed Accounts. Additionally, RILLC, as the sole general partner, of each of Relational LPs may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) the 7,084,152 Shares beneficially owned by the Relational LPs because the limited partnership agreements of the Relational LPs specify that RILLC has sole investment discretion and voting authority with respect to those Shares. Each of Messrs. Whitworth and Batchelder, as Principals of RILLC, may be deemed to have indirect beneficial ownership of the Shares which RILLC may beneficially own. Each of Messrs. Whitworth and Batchelder disclaims beneficial ownership of such Shares except to the extent of his pecuniary interest therein.

 

To the best of the knowledge of each of the Reporting Persons, other than as set forth above, none of the persons named in Item 2 is the beneficial owner of any Shares.

 

(b) See item (a) above.

 

(c) Except as set forth in Exhibit A to this Statement, none of the Reporting Persons has effected any transactions in the Shares during the past sixty days not previously reported.

 

(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Statement, except that dividends from, and proceeds from the sale of, the Shares held by accounts managed by RILLC may be delivered to such accounts.

 

(e) The Reporting Persons ceased to be beneficial owners of more than 5 percent of Shares on July 24, 2015.

 

Item 7. Material to be Filed as Exhibits

 

Item 7 is hereby supplemented as follows:

 

Exhibit A - Information concerning transactions in the Shares effected by the Reporting Persons in the last 60 days not previously reported.

 

17



 

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  July 28, 2015

RELATIONAL INVESTORS MID-CAP FUND I, L.P.
RELATIONAL INVESTORS MID-CAP FUND II, L.P.
RELATIONAL COAST PARTNERS, L.P.

RELATIONAL FUND PARTNERS, L.P.

RH FUND 1, L.P.

RELATIONAL INVESTORS IX, L.P.

RELATIONAL INVESTORS XV, L.P.

RELATIONAL INVESTORS XVI, L.P.

RELATIONAL INVESTORS XX, L.P.

RELATIONAL INVESTORS XXIII, L.P.

RELATIONAL INVESTORS XXIV, L.P.

 

By:

RELATIONAL INVESTORS, LLC

 

as general partner to each,

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

RELATIONAL INVESTORS, LLC

 

 

 

 

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

 

 

 

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth

 

 

 

 

 

 

 

 

 

 

 

/s/ David H. Batchelder

 

 

 

David H. Batchelder

 

 

 

 

18


Exhibit 99.A

 

Exhibit A

 

Transactions by Reporting Persons in the last 60 days.

 

Beneficial Ownership

 

Purchase or
Sale

 

Quantity

 

Transaction
Date

 

Price per Share
(including
commission)

 

How Effected

 

Relational Investors LLC

 

Sale

 

14,177

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors LLC

 

Sale

 

44,021

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors LLC

 

Sale

 

872

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

18,447

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors LLC

 

Sale

 

379

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors LLC

 

Sale

 

149,227

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

96,301

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

63,753

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

235,284

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

5,919

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

21,542

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

82,749

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

21,018

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

2,579

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

217,848

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

78,570

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

401,334

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund I, L.P.

 

Sale

 

315,936

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

33,902

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

106,200

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

25,920

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

332,591

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

147,580

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

16,328

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

19,043

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

10,208

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

216,029

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

4,447

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

37,851

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

285,917

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

47,792

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

9,059

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

102,516

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

119,602

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

256,290

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

34,172

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

34,172

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

205,033

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

144,716

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

53,575

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

40,284

 

7/24/2015

 

$

6.73

 

Open Market

 

 



 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

64,290

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

71,664

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

22,569

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

65,855

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

21,430

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

109,466

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors Mid-Cap Fund II, L.P.

 

Sale

 

21,345

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors LLC

 

Sale

 

67,459

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors LLC

 

Sale

 

209,475

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors LLC

 

Sale

 

4,146

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

87,779

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,807

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors LLC

 

Sale

 

710,087

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

11,889

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

36,921

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

730

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

15,471

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

318

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

125,157

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

1,093

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

3,398

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

67

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

1,423

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

31

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

11,515

 

7/24/2015

 

$

6.73

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

10,642

 

7/24/2015

 

$

6.99

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

33,049

 

7/24/2015

 

$

6.96

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

654

 

7/24/2015

 

$

6.79

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

13,848

 

7/24/2015

 

$

6.76

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

285

 

7/24/2015

 

$

6.89

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

112,027

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

12,645

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

39,266

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

777

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

16,453

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

338

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors XV, L.P.

 

Sale

 

133,106

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

5,642

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

17,522

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

346

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

7,342

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

153

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

59,395

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

11,408

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

35,426

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

701

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

14,844

 

7/24/2015

 

$

6.76

 

Open Market

 

 



 

Relational Investors XX, L.P.

 

Sale

 

305

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors XX, L.P.

 

Sale

 

120,088

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

15,990

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

49,651

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

984

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

20,805

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

428

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors XXIII, L.P.

 

Sale

 

168,309

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

349

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

27

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

12

 

7/24/2015

 

$

7.00

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

3,224

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

10,026

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

42,348

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

838

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

17,745

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

367

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

100,488

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

43,066

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors LLC

 

Sale

 

46,342

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors LLC

 

Sale

 

143,903

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors LLC

 

Sale

 

2,848

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors LLC

 

Sale

 

60,302

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors LLC

 

Sale

 

1,241

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors LLC

 

Sale

 

487,807

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

1,752

 

7/24/2015

 

$

6.99

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

2,975

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

2,466

 

7/24/2015

 

$

6.96

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

110

 

7/24/2015

 

$

6.79

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

2,088

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

191

 

7/24/2015

 

$

6.76

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

46

 

7/24/2015

 

$

6.89

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

3,155

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

7,451

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

1,736

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

3,086

 

7/24/2015

 

$

6.73

 

Open Market

 

Relational Investors XXIV, L.P.

 

Sale

 

3,014

 

7/24/2015

 

$

6.73

 

Open Market

 

 




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