UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

Pan American Silver Corp.

(Name of Issuer)

 

Common Stock, no par value

(Title of Class of Securities)

 

697900108

(CUSIP Number)

 

Matthew S. Topham, Esq.
Preston Gates & Ellis LLP
925 Fourth Avenue, Suite 2900
Seattle, Washington 98104
(206) 623-7580

Irene Song, Esq.
Cascade Investment, L.L.C.
2365 Carillon Point
Kirkland, WA 98033
(425) 889-7900

 

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

 

December 13, 2005

(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.   697900108

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Cascade Investment, L.L.C.

 

 

2.

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

 

 

(a)

 o

 

 

(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
State of Washington

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
3,320,000*

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
3,320,000*

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
3,320,000*

 

 

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) 
4.9%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


*All Common Stock held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.  Michael Larson, the Business Manager of Cascade, has voting and investment power with respect to the Common Stock held by Cascade.  Mr. Larson disclaims any beneficial ownership of the Common Stock beneficially owned by Cascade and Mr. Gates.

 

2



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
William H. Gates III

 

 

2.

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

 

 

(a)

 o

 

 

(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
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
3,320,000*

 

8.

Shared Voting Power 
-0-

 

9.

Sole Dispositive Power 
3,320,000*

 

10.

Shared Dispositive Power 
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
3,320,000*

 

 

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) 
4.9%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*All Common Stock held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.  Michael Larson, the Business Manager of Cascade, has voting and investment power with respect to the Common Stock held by Cascade.  Mr. Larson disclaims any beneficial ownership of the Common Stock beneficially owned by Cascade and Mr. Gates.

 

3



 

Item 1.

Security and Issuer

This statement relates to the Common Stock, no par value (the “Common Stock”), of Pan American Silver Corp. (the “Issuer”).  The principal executive offices of the Issuer are located at 1500 - 625 Howe Street, Vancouver, British Columbia, Canada  V6C 2T6.

 

 

Item 2.

Identity and Background

(a)  This Statement is being filed jointly by Cascade Investment, L.L.C. (“Cascade”) and William H. Gates III (“Gates”).  The foregoing persons are hereinafter sometimes referred to collectively as the “Reporting Persons.”

(b)-(c)  Cascade is a limited liability company organized under the laws of the State of Washington.  Cascade is a private investment entity that seeks appreciation of its assets for the benefit of its owner.  The address of Cascade’s principal place of business and principal office is 2365 Carillon Point, Kirkland, Washington 98033.

William H. Gates III, a natural person, is the Chairman of the Board of Microsoft Corporation.  Mr. Gates is the sole member of Cascade.  The address of his principal office and principal place of business is One Microsoft Way, Redmond, Washington 98052.

The executive officers and persons controlling Cascade are set forth on Exhibit 1, which is attached hereto and incorporated herein by reference.  Exhibit 1 sets forth the following information with respect to each such person: (i) name; (ii) business address; (iii) present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted; and (iv) citizenship.

(d)-(e)     During the last five years, neither the Reporting Persons nor any person named in Exhibit 1 has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)     Mr. Gates is a citizen of the United States of America.

 

 

Item 3.

Source and Amount of Funds or Other Consideration

Cascade purchased the Common Stock it owns with its working capital.  Cascade did not purchase any Common Stock with borrowed funds.

 

 

Item 4.

Purpose of Transaction

Cascade acquired the Common Stock for investment purposes only.  The Reporting Persons will continue to evaluate their ownership and voting position in the Issuer and may consider the following future courses of action, among others:  (i) continuing to hold the Common Stock for investment; (ii) disposing of all or a portion of the Common Stock in open market sales or in privately-negotiated transactions; (iii) acquiring additional shares of Common Stock in the open market or in privately-negotiated transactions; or (iv) entering into short sales or other hedging transactions with respect to the Common Stock.  The Reporting Persons have not as yet determined which, if any, of the courses of action specified in this paragraph they may ultimately take.  The Reporting Persons’ future actions with regard to this investment are dependent on their evaluation of a variety of circumstances affecting the Issuer in the future, including the market price of the Issuer’s Common Stock, the Issuer’s prospects and Cascade’s portfolio.

Except as set forth above, neither of the Reporting Persons nor Cascade’s Business Manager has any present intent or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure; (g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any

 

4



 

person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) any action similar to those enumerated above.

The Reporting Persons and Cascade’s Business Manager reserve the right to determine in the future whether to change the purpose or purposes described above or whether to adopt plans or proposals of the type specified above.

 

 

Item 5.

Interest in Securities of the Issuer

(a)     See items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number of shares and percentage of Common Stock beneficially owned by each of the Reporting Persons.

(b)     See items 7 through 10 of the cover pages to this Schedule 13D for the number of shares of Common Stock beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition.

(c)     From December 12, 2005 through December 20, 2005, Cascade sold a total of 1,785,000 shares of Common Stock for cash in open market transactions on the dates and at the prices set forth on Exhibit 2, which is attached hereto and incorporated herein by reference.

(d)     Except as set forth in this Schedule 13D, to the knowledge of the Reporting Persons, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities covered by this Schedule 13D.

(e)     The Reporting Persons ceased to be the beneficial owner of more than five percent of the Common Stock on December 20, 2005.

 

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

None of the Reporting Persons has any contracts, arrangements, understandings, or relationships (legal or otherwise) with respect to any securities of the Issuer.

 

 

Item 7.

Material to Be Filed as Exhibits

 

Exhibit

 

Description

1

 

List of each executive officer, director or person controlling Cascade Investment, L.L.C.

 

 

 

2

 

Dates and prices of sales of Common Stock from December 12, 2005 through December 20, 2005

 

5



 

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: December 22, 2005

 

CASCADE INVESTMENT, L.L.C.

 

 

 

 

 

 

By:

/s/ Michael Larson

 

 

 

 

Name: Michael Larson

 

 

 

Title:  Business Manager

 

 

 

 

 

 

 

 

 

 

WILLIAM H. GATES III

 

 

 

 

 

 

By:

/s/ Michael Larson

 

 

 

 

Name: Michael Larson*

 

 

 

Title: Attorney-in-fact

 

 

JOINT FILING AGREEMENT

 

We, the signatories of the statement to which this Joint Filing Agreement is attached, hereby agree that such statement is filed, and any amendments thereto filed by either of us will be filed, on behalf of each of us.

 

 

Dated: December 22, 2005

 

CASCADE INVESTMENT, L.L.C.

 

 

 

 

 

 

By:

/s/ Michael Larson

 

 

 

 

Name: Michael Larson

 

 

 

Title:  Business Manager

 

 

 

 

 

 

 

 

 

 

WILLIAM H. GATES III

 

 

 

 

 

 

By:

/s/ Michael Larson

 

 

 

 

Name: Michael Larson*

 

 

 

Title: Attorney-in-fact

 


*  Duly authorized under Special Power of Attorney appointing Michael Larson attorney-in-fact, dated February 4, 2005, by and on behalf of William H. Gates III, filed as Exhibit 99.3 to Cascade Investment, L.L.C.’s Amendment No. 5 to Schedule 13G with respect to Canadian National Railway Company on February 11, 2005, SEC File No. 005-48661, and incorporated by reference herein.

 

6



 

EXHIBIT 1

 

Following is a list of each executive officer, director or person controlling Cascade setting forth the business address and present principal employment (and the name and address of any corporation or organization in which such employment is conducted) of each person.  The persons named below are citizens of the United States of America.

 

Name

 

Position with Cascade

 

Principal Employment and
Business Address

Michael Larson

 

Business Manager

 

Business Manager
Cascade Investment, L.L.C.
2365 Carillon Point
Kirkland, WA  98033

 

 

 

 

 

William H. Gates III

 

Member

 

Chairman of the Board
Microsoft Corporation
One Microsoft Way
Redmond, WA  98052

 



 

EXHIBIT 2

 

From December 12, 2005 through December 20, 2005, Cascade sold a total of 1,785,000 shares of Common Stock on the dates and at the prices set forth below.

 

Date of Sale

 

Number of Shares Sold

 

Price Per Share ($)

 

12/12/2005

 

200

 

19.36

 

12/12/2005

 

122

 

19.35

 

12/12/2005

 

1,200

 

19.33

 

12/12/2005

 

8,000

 

19.32

 

12/12/2005

 

4,206

 

19.26

 

12/12/2005

 

4,294

 

19.25

 

12/12/2005

 

430

 

19.24

 

12/12/2005

 

4,400

 

19.23

 

12/12/2005

 

12,661

 

19.22

 

12/12/2005

 

13,756

 

19.21

 

12/12/2005

 

17,878

 

19.20

 

12/12/2005

 

1,700

 

19.19

 

12/12/2005

 

4,800

 

19.18

 

12/12/2005

 

8,018

 

19.17

 

12/12/2005

 

3,100

 

19.16

 

12/12/2005

 

6,147

 

19.15

 

12/12/2005

 

5,835

 

19.14

 

12/12/2005

 

7,700

 

19.13

 

12/12/2005

 

3,800

 

19.12

 

12/12/2005

 

4,684

 

19.11

 

12/12/2005

 

19,514

 

19.10

 

12/12/2005

 

55

 

19.09

 

12/12/2005

 

200

 

19.08

 

12/12/2005

 

550

 

19.07

 

12/12/2005

 

1,500

 

19.06

 

12/12/2005

 

250

 

19.05

 

12/12/2005

 

9,331

 

19.00

 

12/12/2005

 

69

 

18.98

 

12/13/2005

 

1,700

 

19.16

 

12/13/2005

 

1,200

 

19.15

 

12/13/2005

 

3,200

 

19.14

 

12/13/2005

 

1,900

 

19.13

 

12/13/2005

 

100

 

19.12

 

12/13/2005

 

400

 

19.11

 

12/13/2005

 

1,600

 

19.10

 

12/13/2005

 

8,500

 

19.09

 

12/13/2005

 

1,400

 

19.07

 

12/13/2005

 

1,000

 

19.06

 

12/13/2005

 

9,628

 

19.05

 

12/13/2005

 

200

 

19.04

 

12/13/2005

 

3,350

 

19.03

 

12/13/2005

 

4,400

 

19.02

 

12/13/2005

 

1,000

 

19.01

 

12/13/2005

 

20,422

 

19.00

 

12/13/2005

 

1,200

 

18.99

 

12/13/2005

 

1,120

 

18.98

 

 



 

12/13/2005

 

4,700

 

18.97

 

12/13/2005

 

4,860

 

18.96

 

12/13/2005

 

11,005

 

18.95

 

12/13/2005

 

16,596

 

18.94

 

12/13/2005

 

19,012

 

18.93

 

12/13/2005

 

13,676

 

18.92

 

12/13/2005

 

11,837

 

18.91

 

12/13/2005

 

42,020

 

18.90

 

12/13/2005

 

7,500

 

18.89

 

12/13/2005

 

112

 

18.88

 

12/13/2005

 

7,835

 

18.87

 

12/13/2005

 

5,250

 

18.86

 

12/13/2005

 

17,831

 

18.85

 

12/13/2005

 

6,467

 

18.84

 

12/13/2005

 

22,752

 

18.83

 

12/13/2005

 

22,759

 

18.82

 

12/13/2005

 

31,328

 

18.81

 

12/13/2005

 

101,340

 

18.80

 

12/13/2005

 

7,713

 

18.79

 

12/13/2005

 

8,500

 

18.78

 

12/13/2005

 

5,139

 

18.77

 

12/13/2005

 

6,093

 

18.76

 

12/13/2005

 

16,759

 

18.75

 

12/13/2005

 

9,710

 

18.74

 

12/13/2005

 

6,502

 

18.73

 

12/13/2005

 

9,009

 

18.72

 

12/13/2005

 

7,872

 

18.71

 

12/13/2005

 

22,221

 

18.70

 

12/13/2005

 

7,100

 

18.69

 

12/13/2005

 

4,882

 

18.68

 

12/13/2005

 

1,744

 

18.67

 

12/13/2005

 

6,705

 

18.66

 

12/13/2005

 

13,151

 

18.65

 

12/13/2005

 

2,500

 

18.62

 

12/13/2005

 

1,600

 

18.61

 

12/13/2005

 

21,700

 

18.60

 

12/13/2005

 

5,000

 

18.56

 

12/13/2005

 

5,100

 

18.55

 

12/13/2005

 

200

 

18.54

 

12/13/2005

 

100

 

18.53

 

12/13/2005

 

800

 

18.52

 

12/13/2005

 

2,075

 

18.51

 

12/13/2005

 

9,225

 

18.50

 

12/14/2005

 

100

 

18.81

 

12/14/2005

 

4,900

 

18.80

 

12/14/2005

 

10,000

 

18.75

 

12/14/2005

 

11,412

 

18.70

 

12/14/2005

 

1,900

 

18.69

 

12/14/2005

 

6,700

 

18.68

 

12/14/2005

 

9,602

 

18.67

 

12/14/2005

 

9,731

 

18.66

 

 



 

12/14/2005

 

24,223

 

18.65

 

12/14/2005

 

600

 

18.64

 

12/14/2005

 

5,955

 

18.62

 

12/14/2005

 

5,619

 

18.61

 

12/14/2005

 

24,258

 

18.60

 

12/14/2005

 

10,000

 

18.58

 

12/14/2005

 

400

 

18.52

 

12/14/2005

 

1,316

 

18.51

 

12/14/2005

 

13,284

 

18.50

 

12/14/2005

 

1,500

 

18.45

 

12/14/2005

 

400

 

18.44

 

12/14/2005

 

500

 

18.43

 

12/14/2005

 

1,000

 

18.42

 

12/14/2005

 

1,800

 

18.41

 

12/14/2005

 

8,124

 

18.40

 

12/14/2005

 

19,095

 

18.39

 

12/14/2005

 

13,450

 

18.38

 

12/14/2005

 

4,900

 

18.37

 

12/14/2005

 

4,400

 

18.36

 

12/14/2005

 

19,349

 

18.35

 

12/14/2005

 

500

 

18.34

 

12/14/2005

 

2,982

 

18.33

 

12/14/2005

 

3,700

 

18.32

 

12/14/2005

 

1,600

 

18.31

 

12/14/2005

 

718

 

18.30

 

12/14/2005

 

200

 

18.29

 

12/14/2005

 

100

 

18.28

 

12/14/2005

 

446

 

18.27

 

12/14/2005

 

9,448

 

18.26

 

12/14/2005

 

11,030

 

18.25

 

12/14/2005

 

200

 

18.24

 

12/14/2005

 

3,532

 

18.23

 

12/14/2005

 

3,677

 

18.22

 

12/14/2005

 

3,100

 

18.21

 

12/14/2005

 

1,349

 

18.20

 

12/14/2005

 

550

 

18.19

 

12/14/2005

 

2,285

 

18.18

 

12/14/2005

 

305

 

18.17

 

12/14/2005

 

3,283

 

18.16

 

12/14/2005

 

1,477

 

18.15

 

12/15/2005

 

100

 

18.56

 

12/15/2005

 

200

 

18.55

 

12/15/2005

 

3,997

 

18.54

 

12/15/2005

 

1,200

 

18.53

 

12/15/2005

 

4,000

 

18.52

 

12/15/2005

 

3,703

 

18.51

 

12/15/2005

 

16,502

 

18.50

 

12/15/2005

 

15,900

 

18.49

 

12/15/2005

 

12,006

 

18.48

 

12/15/2005

 

12,800

 

18.47

 

12/15/2005

 

17,034

 

18.46

 

 



 

12/15/2005

 

80,196

 

18.45

 

12/15/2005

 

5,775

 

18.44

 

12/15/2005

 

6,052

 

18.43

 

12/15/2005

 

15,748

 

18.42

 

12/15/2005

 

11,202

 

18.41

 

12/15/2005

 

59,305

 

18.40

 

12/15/2005

 

10,300

 

18.39

 

12/15/2005

 

200

 

18.38

 

12/15/2005

 

100

 

18.37

 

12/15/2005

 

1,300

 

18.36

 

12/15/2005

 

6,665

 

18.35

 

12/15/2005

 

4,798

 

18.34

 

12/15/2005

 

4,798

 

18.33

 

12/15/2005

 

4,528

 

18.32

 

12/15/2005

 

8,127

 

18.31

 

12/15/2005

 

21,768

 

18.30

 

12/15/2005

 

2,500

 

18.29

 

12/15/2005

 

13,000

 

18.28

 

12/15/2005

 

10,000

 

18.27

 

12/15/2005

 

11,914

 

18.26

 

12/15/2005

 

13,582

 

18.25

 

12/15/2005

 

11,900

 

18.24

 

12/15/2005

 

14,050

 

18.23

 

12/15/2005

 

5,068

 

18.22

 

12/15/2005

 

9,637

 

18.21

 

12/15/2005

 

16,430

 

18.20

 

12/15/2005

 

16,700

 

18.19

 

12/15/2005

 

13,757

 

18.18

 

12/15/2005

 

18,332

 

18.17

 

12/15/2005

 

2,000

 

18.16

 

12/15/2005

 

7,571

 

18.15

 

12/15/2005

 

2,030

 

18.14

 

12/15/2005

 

3,225

 

18.13

 

12/16/2005

 

12,103

 

18.50

 

12/16/2005

 

1,061

 

18.48

 

12/16/2005

 

2,319

 

18.47

 

12/16/2005

 

300

 

18.46

 

12/16/2005

 

19,217

 

18.45

 

12/19/2005

 

350

 

18.72

 

12/19/2005

 

1,550

 

18.70

 

12/19/2005

 

1,100

 

18.69

 

12/19/2005

 

8,900

 

18.68

 

12/19/2005

 

2,925

 

18.67

 

12/19/2005

 

2,475

 

18.66

 

12/19/2005

 

28,600

 

18.65

 

12/19/2005

 

300

 

18.37

 

12/19/2005

 

843

 

18.36

 

12/19/2005

 

2,957

 

18.35

 

12/19/2005

 

1,200

 

18.25

 

12/19/2005

 

2,800

 

18.22

 

12/19/2005

 

2,700

 

18.21

 

 



 

12/19/2005

 

4,700

 

18.20

 

12/19/2005

 

1,600

 

18.19

 

12/19/2005

 

4,000

 

18.18

 

12/19/2005

 

3,400

 

18.17

 

12/19/2005

 

7,000

 

18.16

 

12/19/2005

 

3,500

 

18.15

 

12/19/2005

 

5,800

 

18.14

 

12/19/2005

 

1,000

 

18.13

 

12/19/2005

 

3,950

 

18.12

 

12/19/2005

 

4,760

 

18.11

 

12/19/2005

 

30,698

 

18.10

 

12/19/2005

 

100

 

18.09

 

12/19/2005

 

2,400

 

18.08

 

12/19/2005

 

2,868

 

18.07

 

12/19/2005

 

8,132

 

18.06

 

12/19/2005

 

6,060

 

18.05

 

12/19/2005

 

4,968

 

18.04

 

12/19/2005

 

11,950

 

18.03

 

12/19/2005

 

7,014

 

18.02

 

12/19/2005

 

4,400

 

18.01

 

12/20/2005

 

13,652

 

17.75

 

12/20/2005

 

9,798

 

17.76

 

12/20/2005

 

700

 

17.77

 

12/20/2005

 

2,700

 

17.78

 

12/20/2005

 

2,550

 

17.79

 

12/20/2005

 

600

 

17.80

 

12/20/2005

 

200

 

17.82

 

12/20/2005

 

800

 

17.83

 

12/20/2005

 

1,500

 

17.84

 

12/20/2005

 

100

 

17.86

 

12/20/2005

 

1,078

 

17.87

 

12/20/2005

 

200

 

17.88

 

12/20/2005

 

600

 

17.89

 

12/20/2005

 

1,346

 

17.90

 

12/20/2005

 

925

 

17.91

 

12/20/2005

 

1,000

 

17.92

 

12/20/2005

 

1,280

 

17.93

 

12/20/2005

 

200

 

17.94

 

12/20/2005

 

9,372

 

18.00

 

12/20/2005

 

3,684

 

18.01

 

12/20/2005

 

100

 

18.02

 

12/20/2005

 

1,015

 

18.03

 

12/20/2005

 

3,600

 

18.05

 

12/20/2005

 

200

 

18.06

 

12/20/2005

 

7,021

 

18.10

 

12/20/2005

 

200

 

18.12

 

12/20/2005

 

100

 

18.13

 

12/20/2005

 

8,200

 

18.15

 

12/20/2005

 

1,300

 

18.16

 

12/20/2005

 

500

 

18.17

 

12/20/2005

 

479

 

18.20