No. of | ||||||||||||
Shares of | ||||||||||||
No. of Shares | Common | |||||||||||
Amount of | % of | Amount of | of Common | No. of Shares | Stock | |||||||
Debentures | Debentures | Debentures | Stock | of Common | Owned | |||||||
Beneficially | Beneficially | Being Offered | Beneficially | Stock Being | After | |||||||
Name of Selling Security Holder | Owned ($) | Owned | ($)(a) | Owned(b)(c) | Offered(a)(c) | Offering(a) | ||||||
Bear,
Stearns International
Limited(d)(1) |
7,500,000 | 4.35 | 7,500,000 | 221,959 | 221,959 | 0 |
* | Less than 1% | |
(a) | Because each selling security holder may sell pursuant to this prospectus all or a portion of the offered debentures, and common stock issuable upon conversion of the debentures, we cannot know or estimate the number or percentage of debentures and common stock that the selling security holder will hold upon the termination of any particular offering. Please refer to the Plan of Distribution beginning on page 64 of the prospectus. The information presented in this table assumes that the selling security holder will fully convert the debentures for cash and shares of our common stock, and that the selling security holder will sell all shares of our common stock that it receives pursuant to such conversion. |
(b) | Includes shares of our common stock issuable upon conversion of the debentures. | |
(c) | The number of shares of our common stock issuable upon conversion of the debentures is calculated assuming (i) the debentures are worth $345,000,000 at the time of conversion, with the $172,500,000 principal amount paid in cash and the remaining $172,500,000 paid in shares of our common stock, and (ii) the conversion of the full amount of debentures held by the selling security holders at the initial conversion price of $33.79, which corresponds to the initial conversion rate of 29.5972 shares per $1,000 principal amount of the debentures. The number of shares of our common stock to be offered using this prospectus may increase or decrease from time to time. Fractional shares will not be issued upon conversion of the debentures. Instead, we will pay cash in lieu of fractional shares, if any. | |
(d) | This selling security holder has identified itself as an affiliate of a registered broker-dealer and has represented to us that it acquired its debentures in the ordinary course of business and, at the time of the purchase of the debentures, had no agreements or understandings, directly or indirectly, with any person to distribute the debentures or underlying common stock. To the extent that we become aware that the selling security holder did not acquire its debentures in the ordinary course of business, or did have such an agreement or understanding, we will file a post-effective amendment to the registration statement of which this prospectus is a part to designate the selling security holder as an underwriter within the meaning of the Securities Act. | |
(1) | Bear, Stearns International Limited is a majority-owned subsidiary of The Bear Stearns Companies Inc., a reporting company under the Securities Exchange Act. |