SC 13D/Amendment No. 39

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 39)*

 

 

AutoNation, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

05329W102

(CUSIP Number)

Janice V. Sharry, Esq.

Haynes and Boone, LLP

2323 Victory Avenue, Suite 700

Dallas, Texas 75219

(214) 651-5000

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

September 4, 2013

(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.  ¨

 

 

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, as amended (“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. 05329W102  

 

  1.   

Names of Reporting Persons.

 

ESL Partners, L.P.

  2.  

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

(a)  x        (b)  ¨

 

  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)  ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

     7.    

Sole Voting Power

 

13,153,514

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

13,153,514

   10.   

Shared Dispositive Power

 

15,853,721

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

29,007,235

12.  

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

 

13.  

Percent of Class Represented by Amount in Row (11)

 

23.9% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 121,339,527 shares of common stock outstanding as of July 15, 2013, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 that was filed by the Issuer with the Securities and Exchange Commission on July 18, 2013.


CUSIP No. 05329W102  

 

  1.   

Names of Reporting Persons.

 

SPE II Partners, LP

  2.  

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

(a)  x        (b)  ¨

 

  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)  ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

     7.    

Sole Voting Power

 

1,676,382

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,676,382

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,676,382

12.  

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

 

13.  

Percent of Class Represented by Amount in Row (11)

 

1.4% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 121,339,527 shares of common stock outstanding as of July 15, 2013, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 that was filed by the Issuer with the Securities and Exchange Commission on July 18, 2013.


CUSIP No. 05329W102  

 

  1.   

Names of Reporting Persons.

 

SPE Master II, LP

  2.  

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

(a)  x        (b)  ¨

 

  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)  ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

     7.    

Sole Voting Power

 

2,155,922

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

2,155,922

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,155,922

12.  

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

 

13.  

Percent of Class Represented by Amount in Row (11)

 

1.8% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 121,339,527 shares of common stock outstanding as of July 15, 2013, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 that was filed by the Issuer with the Securities and Exchange Commission on July 18, 2013.


CUSIP No. 05329W102  

 

  1.   

Names of Reporting Persons.

 

RBS Partners, L.P.

  2.  

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

(a)  x        (b)  ¨

 

  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)  ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

     7.    

Sole Voting Power

 

16,985,818

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

16,985,818

   10.   

Shared Dispositive Power

 

15,853,721

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

32,839,539

12.  

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

 

13.  

Percent of Class Represented by Amount in Row (11)

 

27.1% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 121,339,527 shares of common stock outstanding as of July 15, 2013, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 that was filed by the Issuer with the Securities and Exchange Commission on July 18, 2013.


CUSIP No. 05329W102  

 

  1.   

Names of Reporting Persons.

 

ESL Institutional Partners, L.P.

  2.  

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

(a)  x        (b)  ¨

 

  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)  ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

     7.    

Sole Voting Power

 

5,867

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

5,867

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

5,867

12.  

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

 

13.  

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 121,339,527 shares of common stock outstanding as of July 15, 2013, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 that was filed by the Issuer with the Securities and Exchange Commission on July 18, 2013.


CUSIP No. 05329W102  

 

  1.   

Names of Reporting Persons.

 

RBS Investment Management, L.L.C.

  2.  

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

(a)  x        (b)  ¨

 

  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)  ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

     7.    

Sole Voting Power

 

5,867

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

5,867

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

5,867

12.  

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

 

13.  

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

14.  

Type of Reporting Person (See Instructions)

 

OO

 

(1) Based upon 121,339,527 shares of common stock outstanding as of July 15, 2013, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 that was filed by the Issuer with the Securities and Exchange Commission on July 18, 2013.


CUSIP No. 05329W102  

 

  1.   

Names of Reporting Persons.

 

CBL Partners, L.P.

  2.  

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

(a)  x        (b)  ¨

 

  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)  ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

     7.    

Sole Voting Power

 

2,667,695

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

2,667,695

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,667,695

12.  

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

 

13.  

Percent of Class Represented by Amount in Row (11)

 

2.2% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 121,339,527 shares of common stock outstanding as of July 15, 2013, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 that was filed by the Issuer with the Securities and Exchange Commission on July 18, 2013.


CUSIP No. 05329W102  

 

  1.   

Names of Reporting Persons.

 

ESL Investments, Inc.

  2.  

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

(a)  x        (b)  ¨

 

  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)  ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

     7.    

Sole Voting Power

 

19,659,380

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

19,659,380

   10.   

Shared Dispositive Power

 

15,853,721

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

35,513,101

12.  

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

 

13.  

Percent of Class Represented by Amount in Row (11)

 

29.3% (1)

14.  

Type of Reporting Person (See Instructions)

 

CO

 

(1) Based upon 121,339,527 shares of common stock outstanding as of July 15, 2013, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 that was filed by the Issuer with the Securities and Exchange Commission on July 18, 2013.


CUSIP No. 05329W102  

 

  1.   

Names of Reporting Persons.

 

Edward S. Lampert

  2.  

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

(a)  x        (b)  ¨

 

  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)  ¨

 

  6.  

Citizenship or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

     7.    

Sole Voting Power

 

35,513,101

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

19,659,380

   10.   

Shared Dispositive Power

 

15,853,721

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

35,513,101

12.  

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

 

13.  

Percent of Class Represented by Amount in Row (11)

 

29.3% (1)

14.  

Type of Reporting Person (See Instructions)

 

IN

 

(1) Based upon 121,339,527 shares of common stock outstanding as of July 15, 2013, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 that was filed by the Issuer with the Securities and Exchange Commission on July 18, 2013.


This Amendment No. 39 to Schedule 13D (this “Amendment”) relates to shares of common stock, par value $0.01 per share (the “Shares”), of AutoNation, Inc., a Delaware corporation (the “Issuer”). This Amendment amends the Schedule 13D, as previously amended, filed with the Securities and Exchange Commission by ESL Partners, L.P., a Delaware limited partnership (“ESL”), SPE II Partners, LP, a Delaware limited partnership (“SPE II”), SPE Master II, LP, a Delaware limited partnership (“SPE Master II”), RBS Partners, L.P., a Delaware limited partnership (“RBS”), ESL Institutional Partners, L.P., a Delaware limited partnership (“Institutional”), RBS Investment Management, L.L.C., a Delaware limited liability company (“RBSIM”), CBL Partners, L.P., a Delaware limited partnership (“CBL”), ESL Investments, Inc., a Delaware corporation (“Investments”), and Edward S. Lampert, a United States citizen, by furnishing the information set forth below. Except as otherwise specified in this Amendment, all previous Items are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D, as previously amended, filed with the Securities and Exchange Commission.

The Filing Persons are filing this Amendment to report recent open market sales of Shares by SPE II, SPE Master II, Institutional, CBL and Mr. Lampert.

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby amended and restated in its entirety as follows:

“(a)-(b) Each Filing Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.

Each Filing Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each Filing Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any syndicate or group with respect to the Issuer or any securities of the Issuer.

As of September 6, 2013, the Filing Persons may be deemed to beneficially own the Shares set forth in the table below.

 

FILING PERSON

   NUMBER OF
SHARES
BENEFICIALLY
OWNED
   PERCENTAGE
OF
OUTSTANDING
SHARES
  SOLE VOTING
POWER
   SHARED
VOTING
POWER
   SOLE
DISPOSITIVE
POWER
   SHARED
DISPOSITIVE
POWER

ESL Partners, L.P.

   29,007,235 (1)    23.9%   13,153,514    0    13,153,514    15,853,721 (1)

SPE II Partners, LP

   1,676,382    1.4%   1,676,382    0    1,676,382    0

SPE Master II, LP

   2,155,922    1.8%   2,155,922    0    2,155,922    0

RBS Partners, L.P.

   32,839,539 (1)(2)    27.1%   16,985,818 (2)    0    16,985,818 (2)    15,853,721 (1)

ESL Institutional Partners, L.P.

   5,867    0.0%   5,867    0    5,867    0

RBS Investment Management, L.L.C.

   5,867 (3)    0.0%   5,867 (3)    0    5,867 (3)    0

CBL Partners, L.P.

   2,667,695    2.2%   2,667,695    0    2,667,695    0

ESL Investments, Inc.

   35,513,101 (1)(4)    29.3%   19,659,380 (4)    0    19,659,380 (4)    15,853,721 (1)

Edward S. Lampert

   35,513,101 (1)(5)    29.3%   35,513,101 (1)(5)    0    19,659,380 (5)    15,853,721 (1)


(1) This number includes 15,853,721 Shares held by Mr. Lampert. ESL has entered into a Lock-Up Agreement with Mr. Lampert that restricts the purchase and sale of securities owned by Mr. Lampert. Pursuant to the Lock-Up Agreement, ESL may be deemed to have shared dispositive power over, and to indirectly beneficially own, securities owned by Mr. Lampert. RBS, Investments and Mr. Lampert may also be deemed to have shared dispositive power over, and to indirectly beneficially own, such securities.
(2) This number includes 13,153,514 Shares held by ESL, 1,676,382 Shares held by SPE II and 2,155,922 Shares held by SPE Master II. RBS is the general partner of, and may be deemed to indirectly beneficially own securities owned by, ESL, SPE II and SPE Master II.
(3) This number includes 5,867 Shares held by Institutional. RBSIM is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Institutional.
(4) This number includes 13,153,514 Shares held by ESL, 1,676,382 Shares held by SPE II, 2,155,922 Shares held by SPE Master II, 5,867 Shares held by Institutional and 2,667,695 Shares held by CBL. Investments is the general partner of, and may be deemed to indirectly beneficially own securities owned by, RBS and CBL. Investments is the manager of, and may be deemed to indirectly beneficially own securities owned by, RBSIM.
(5) This number includes 13,153,514 Shares held by ESL, 1,676,382 Shares held by SPE II, 2,155,922 Shares held by SPE Master II, 5,867 Shares held by Institutional, and 2,667,695 Shares held by CBL. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to indirectly beneficially own securities owned by, Investments.

(c) Other than as set forth on Annex B hereto, there have been no transactions in the class of securities reported on that were effected by the Filing Persons during the past sixty days or since the most recent filing of Schedule 13D, whichever is less.

(d) Not applicable.

(e) Not applicable.”

Item 7. Material to be Filed as Exhibits.

Item 7 is hereby amended and restated in its entirety as follows:

“The following exhibits are filed as exhibits hereto:

 

Exhibit

  

Description of Exhibit

99.1   

Tender Offer Letter Agreement, dated March 6, 2006, from ESL Investments, Inc. to AutoNation, Inc.

(incorporated by reference to Exhibit 2 to the Amendment to Schedule 13D filed on March 7, 2006).

99.3    Letter Agreement, dated as of January 28, 2009, by and among AutoNation, Inc., American Honda Motor Co., Inc. and ESL Investments, Inc. (on behalf of itself and its affiliates) (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by AutoNation Inc. with the Securities and Exchange Commission on January 29, 2009).
99.4    Letter Agreement, dated as of January 28, 2009, by and between AutoNation, Inc. and ESL Investments, Inc. (on behalf of itself and its affiliates) (incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K filed by AutoNation Inc. with the Securities and Exchange Commission on January 29, 2009).
99.6    Letter Agreement, dated June 2, 2010, by and between ESL Partners, L.P. and Edward S. Lampert (incorporated by reference to Exhibit 7 to the Amendment to Schedule 13D filed on June 2, 2010).
99.9    Joint Filing Agreement (incorporated by reference to Exhibit 99.9 to the Amendment to Schedule 13D filed on February 21, 2013).”


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.

 

Date: September 6, 2013

  ESL PARTNERS, L.P.
  By: RBS Partners, L.P., as its general partner
  By: ESL Investments, Inc., as its general partner
  By:  

/s/ Edward S. Lampert

  Name:   Edward S. Lampert
  Title:   Chief Executive Officer
  SPE II PARTNERS, LP
  By: RBS Partners, L.P., as its general partner
  By: ESL Investments, Inc., as its general partner
  By:  

/s/ Edward S. Lampert

  Name:   Edward S. Lampert
  Title:   Chief Executive Officer
  SPE MASTER II, LP
  By: RBS Partners, L.P., as its general partner
  By: ESL Investments, Inc., as its general partner
  By:  

/s/ Edward S. Lampert

  Name:   Edward S. Lampert
  Title:   Chief Executive Officer
  RBS PARTNERS, L.P.
  By: ESL Investments, Inc., as its general partner
  By:  

/s/ Edward S. Lampert

  Name:   Edward S. Lampert
  Title:   Chief Executive Officer
  ESL INSTITUTIONAL PARTNERS, L.P.
  By: RBS Investment Management, L.L.C., as its general partner
  By: ESL Investments, Inc., as its manager
  By:  

/s/ Edward S. Lampert

  Name:   Edward S. Lampert
  Title:   Chief Executive Officer


  RBS INVESTMENT MANAGEMENT, L.L.C.
  By: ESL Investments, Inc., as its manager
  By:  

/s/ Edward S. Lampert

  Name:   Edward S. Lampert
  Title:   Chief Executive Officer
  CBL PARTNERS, L.P.
  By: ESL Investments, Inc., as its general partner
  By:  

/s/ Edward S. Lampert

  Name:   Edward S. Lampert
  Title:   Chief Executive Officer
  ESL INVESTMENTS, INC.
  By:  

/s/ Edward S. Lampert

  Name:   Edward S. Lampert
  Title:   Chief Executive Officer
  EDWARD S. LAMPERT
  By:  

/s/ Edward S. Lampert


EXHIBIT INDEX

 

Exhibit

  

Description of Exhibit

99.1   

Tender Offer Letter Agreement, dated March 6, 2006, from ESL Investments, Inc. to AutoNation, Inc.

(incorporated by reference to Exhibit 2 to the Amendment to Schedule 13D filed on March 7, 2006).

99.3    Letter Agreement, dated as of January 28, 2009, by and among AutoNation, Inc., American Honda Motor Co., Inc. and ESL Investments, Inc. (on behalf of itself and its affiliates) (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by AutoNation Inc. with the Securities and Exchange Commission on January 29, 2009).
99.4    Letter Agreement, dated as of January 28, 2009, by and between AutoNation, Inc. and ESL Investments, Inc. (on behalf of itself and its affiliates) (incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K filed by AutoNation Inc. with the Securities and Exchange Commission on January 29, 2009).
99.6    Letter Agreement, dated June 2, 2010, by and between ESL Partners, L.P. and Edward S. Lampert (incorporated by reference to Exhibit 7 to the Amendment to Schedule 13D filed on June 2, 2010).
99.9    Joint Filing Agreement (incorporated by reference to Exhibit 99.9 to the Amendment to Schedule 13D filed on February 21, 2013).


ANNEX B

RECENT TRANSACTIONS BY THE FILING PERSONS IN THE SECURITIES OF AUTONATION, INC.

 

Entity

  

Date of Transaction

  

Description

of Transaction

  

Shares Disposed

  

Price

Per Share

Edward S. Lampert

   08/08/2013    Open Market Sales    181,689    $49.01(1)

SPE Master II, LP

   08/08/2013    Open Market Sales    13,504    $49.01(1)

SPE II Partners, LP

   08/08/2013    Open Market Sales    10,500    $49.01(1)

CBL Partners, L.P.

   08/08/2013    Open Market Sales    16,709    $49.01(1)

ESL Institutional Partners, L.P.

   08/08/2013    Open Market Sales    37    $49.01(1)

Edward S. Lampert

   08/09/2013    Open Market Sales    223,044    $48.52(2)

SPE Master II, LP

   08/09/2013    Open Market Sales    16,577    $48.52(2)

SPE II Partners, LP

   08/09/2013    Open Market Sales    12,890    $48.52(2)

CBL Partners, L.P.

   08/09/2013    Open Market Sales    20,512    $48.52(2)

ESL Institutional Partners, L.P.

   08/09/2013    Open Market Sales    45    $48.52(2)

Edward S. Lampert

   08/12/2013    Open Market Sales    29,538    $48.11(3)

SPE Master II, LP

   08/12/2013    Open Market Sales    2,195    $48.11(3)

SPE II Partners, LP

   08/12/2013    Open Market Sales    1,707    $48.11(3)

CBL Partners, L.P.

   08/12/2013    Open Market Sales    2,717    $48.11(3)

ESL Institutional Partners, L.P.

   08/12/2013    Open Market Sales    6    $48.11(3)

Edward S. Lampert

   08/13/2013    Open Market Sales    37,851    $48.19(4)

SPE Master II, LP

   08/13/2013    Open Market Sales    2,813    $48.19(4)

SPE II Partners, LP

   08/13/2013    Open Market Sales    2,188    $48.19(4)

CBL Partners, L.P.

   08/13/2013    Open Market Sales    3,481    $48.19(4)

ESL Institutional Partners, L.P.

   08/13/2013    Open Market Sales    8    $48.19(4)

Edward S. Lampert

   08/14/2013    Open Market Sales    129,736    $48.05(5)

SPE Master II, LP

   08/14/2013    Open Market Sales    9,642    $48.05(5)

SPE II Partners, LP

   08/14/2013    Open Market Sales    7,498    $48.05(5)

CBL Partners, L.P.

   08/14/2013    Open Market Sales    11,931    $48.05(5)


ESL Institutional Partners, L.P.

   08/14/2013    Open Market Sales    26    $48.05(5)

Edward S. Lampert

   08/30/2013    Open Market Sales    32,958    $47.04(6)

SPE Master II, LP

   08/30/2013    Open Market Sales    2,450    $47.04(6)

SPE II Partners, LP

   08/30/2013    Open Market Sales    1,905    $47.04(6)

CBL Partners, L.P.

   08/30/2013    Open Market Sales    3,031    $47.04(6)

ESL Institutional Partners, L.P.

   08/30/2013    Open Market Sales    7    $47.04(6)

Edward S. Lampert

   09/03/2013    Open Market Sales    244,191    $47.25(7)

SPE Master II, LP

   09/03/2013    Open Market Sales    18,149    $47.25(7)

SPE II Partners, LP

   09/03/2013    Open Market Sales    14,112    $47.25(7)

CBL Partners, L.P.

   09/03/2013    Open Market Sales    22,457    $47.25(7)

ESL Institutional Partners, L.P.

   09/03/2013    Open Market Sales    49    $47.25(7)

Edward S. Lampert

   09/04/2013    Open Market Sales    646,732    $47.48(8)

SPE Master II, LP

   09/04/2013    Open Market Sales    48,067    $47.48(8)

SPE II Partners, LP

   09/04/2013    Open Market Sales    37,376    $47.48(8)

CBL Partners, L.P.

   09/04/2013    Open Market Sales    59,478    $47.48(8)

ESL Institutional Partners, L.P.

   09/04/2013    Open Market Sales    131    $47.48(8)

Edward S. Lampert

   09/05/2013    Open Market Sales    864,201    $48.39(9)

SPE Master II, LP

   09/05/2013    Open Market Sales    64,230    $48.39(9)

SPE II Partners, LP

   09/05/2013    Open Market Sales    49,944    $48.39(9)

CBL Partners, L.P.

   09/05/2013    Open Market Sales    79,477    $48.39(9)

ESL Institutional Partners, L.P.

   09/05/2013    Open Market Sales    175    $48.39(9)

Edward S. Lampert

   09/06/2013    Open Market Sales    326,722    $48.96(10)

SPE Master II, LP

   09/06/2013    Open Market Sales    24,283    $48.96(10)

SPE II Partners, LP

   09/06/2013    Open Market Sales    18,882    $48.96(10)

CBL Partners, L.P.

   09/06/2013    Open Market Sales    30,047    $48.96(10)

ESL Institutional Partners, L.P.

   09/06/2013    Open Market Sales    66    $48.96(10)

 

(1) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $49.00 to $49.10 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.
(2) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $48.45 to $48.71 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.
(3) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $48.00 to $48.42 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.


(4) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $48.10 to $48.32 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.
(5) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $48.00 to $48.09 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.
(6) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $46.80 to $47.11 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.
(7) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $47.00 to $47.44 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.
(8) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $47.20 to $47.62 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.
(9) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $47.85 to $48.71 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.
(10) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $48.70 to $49.35 per Share. The Filing Person undertakes to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.