Amendment No. 46 to Schedule 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 46) *

 

 

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)

June 19, 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.  ¨

 

 

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

 

7,220,520

  8.

Shared Voting Power

 

0

  9.

Sole Dispositive Power

 

7,220,520

10.

Shared Dispositive Power

 

12,084,345

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

19,304,865

12.

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

 

13.

Percent of Class Represented by Amount in Row (11)

 

16.9% (1)

14.

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 114,025,251 shares of common stock outstanding as of April 20, 2015, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, that was filed by the Issuer with the Securities and Exchange Commission on April 22, 2015.


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

 

7,220,520

  8.

Shared Voting Power

 

0

  9.

Sole Dispositive Power

 

7,220,520

10.

Shared Dispositive Power

 

12,084,345

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

19,304,865

12.

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

 

13.

Percent of Class Represented by Amount in Row (11)

 

16.9% (1)

14.

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 114,025,251 shares of common stock outstanding as of April 20, 2015, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, that was filed by the Issuer with the Securities and Exchange Commission on April 22, 2015.


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

 

0

  8.

Shared Voting Power

 

0

  9.

Sole Dispositive Power

 

0

10.

Shared Dispositive Power

 

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

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 114,025,251 shares of common stock outstanding as of April 20, 2015, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, that was filed by the Issuer with the Securities and Exchange Commission on April 22, 2015.


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

 

0

  8.

Shared Voting Power

 

0

  9.

Sole Dispositive Power

 

0

10.

Shared Dispositive Power

 

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

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 114,025,251 shares of common stock outstanding as of April 20, 2015, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, that was filed by the Issuer with the Securities and Exchange Commission on April 22, 2015.


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

 

7,220,520

  8.

Shared Voting Power

 

0

  9.

Sole Dispositive Power

 

7,220,520

10.

Shared Dispositive Power

 

12,084,345

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

19,304,865

12.

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

 

13.

Percent of Class Represented by Amount in Row (11)

 

16.9% (1)

14.

Type of Reporting Person (See Instructions)

 

CO

 

(1) Based upon 114,025,251 shares of common stock outstanding as of April 20, 2015, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, that was filed by the Issuer with the Securities and Exchange Commission on April 22, 2015.


CUSIP No. 05329W102

 

  1. 

Names of Reporting Persons.

 

The Lampert Foundation

  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

 

Connecticut

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  7. 

Sole Voting Power

 

224,779

  8.

Shared Voting Power

 

0

  9.

Sole Dispositive Power

 

224,779

10.

Shared Dispositive Power

 

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

224,779

12.

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

 

13.

Percent of Class Represented by Amount in Row (11)

 

0.2% (1)

14.

Type of Reporting Person (See Instructions)

 

OO

 

(1) Based upon 114,025,251 shares of common stock outstanding as of April 20, 2015, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, that was filed by the Issuer with the Securities and Exchange Commission on April 22, 2015.


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

 

19,529,644

  8.

Shared Voting Power

 

0

  9.

Sole Dispositive Power

 

7,445,299

10.

Shared Dispositive Power

 

12,084,345

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

19,529,644

12.

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

 

13.

Percent of Class Represented by Amount in Row (11)

 

17.1% (1)

14.

Type of Reporting Person (See Instructions)

 

IN

 

(1) Based upon 114,025,251 shares of common stock outstanding as of April 20, 2015, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, that was filed by the Issuer with the Securities and Exchange Commission on April 22, 2015.


This Amendment No. 46 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 Master II, LP, a Delaware limited partnership, 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”), ESL Investments, Inc., a Delaware corporation (“Investments”), The Lampert Foundation, a Connecticut trust (the “Foundation”), 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 (i) recent open market sales of Shares by Institutional, ESL, the Foundation and Mr. Lampert; (ii) a distribution of Shares on a pro rata basis by Institutional to its partners, including Mr. Lampert and RBSIM; and (iii) that Institutional and, as a result, RBSIM ceased to beneficially own any Shares.

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 the time of filing on June 23, 2015, 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.

     19,304,865  (1)      16.9     7,220,520        0         7,220,520        12,084,345  (1) 

RBS Partners, L.P.

     19,304,865  (1)(2)      16.9     7,220,520  (2)      0         7,220,520  (2)      12,084,345  (1) 

ESL Institutional Partners, L.P.

            0.0            0                  

RBS Investment Management, L.L.C.

     (3)      0.0     (3)      0         (3)        

ESL Investments, Inc.

     19,304,865  (1)(4)      16.9     7,220,520  (4)      0         7,220,520  (4)      12,084,345  (1) 

The Lampert Foundation

     224,779        0.2     224,779        0         224,779          

Edward S. Lampert

     19,529,644  (1)(5)(6)      17.1     19,529,644  (1)(5)(6)      0         7,445,299  (5)(6)      12,084,345  (1) 


(1) This number includes 12,084,345 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 7,220,520 Shares held by ESL. RBS is the general partner of, and may be deemed to indirectly beneficially own securities owned by, ESL.

 

(3) This number includes any 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 7,220,520 Shares held by ESL. Investments is the general partner of, and may be deemed to indirectly beneficially own securities owned by, RBS.

 

(5) This number includes 7,220,520 Shares held by ESL. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to indirectly beneficially own securities owned by, Investments.

 

(6) This number includes 224,779 Shares held by the Foundation. Mr. Lampert and his wife Kinga Keh Lampert are co-trustees of, and may be deemed to indirectly beneficially own securities owned by, the Foundation.

(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) Institutional and, as a result, RBSIM ceased to beneficially own any Shares on June 22, 2014.”

Item 7. Material to be Filed as Exhibits.

Item 7 is hereby amended and supplemented as follows:

“The following exhibit is filed as an exhibit hereto:

 

Exhibit

  

Description of Exhibit

99.10    Joint Filing Agreement (incorporated by reference to Exhibit 99.10 to the Amendment to Schedule 13D filed May 12, 2015).”


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: June 23, 2015

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
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
ESL INVESTMENTS, INC.
By:

/s/ Edward S. Lampert

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

/s/ Edward S. Lampert

Name: Edward S. Lampert
Title: Co-Trustee
EDWARD S. LAMPERT
By:

/s/ Edward S. Lampert


EXHIBIT INDEX

 

Exhibit

  

Description of Exhibit

99.10    Joint Filing Agreement (incorporated by reference to Exhibit 99.10 to the Amendment to Schedule 13D filed May 12, 2015).


ANNEX B

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

 

Entity

   Date of
Transaction
     Description
of Transaction
   Shares
Acquired
   Shares
Disposed
     Price
Per Share
 

Edward S. Lampert

     5/12/2015       Open Market Sales         107,095       $ 63.06  (1) 

ESL Institutional Partners, L.P.

     5/12/2015       Open Market Sales         34       $ 63.06  (1) 

ESL Partners, L.P.

     5/12/2015       Open Market Sales         61,933       $ 63.06  (1) 

The Lampert Foundation

     5/12/2015       Open Market Sales         1,968       $ 63.06  (1) 

Edward S. Lampert

     5/19/2015       Open Market Sales         11,837       $ 63.08  (2) 

ESL Institutional Partners, L.P.

     5/19/2015       Open Market Sales         6       $ 63.08  (2) 

ESL Partners, L.P.

     5/19/2015       Open Market Sales         16,974       $ 63.08  (2) 

The Lampert Foundation

     5/19/2015       Open Market Sales         335       $ 63.08  (2) 

Edward S. Lampert

     6/9/2015       Open Market Sales         83,381       $ 64.18  (3) 

ESL Institutional Partners, L.P.

     6/9/2015       Open Market Sales         45       $ 64.18  (3) 

ESL Partners, L.P.

     6/9/2015       Open Market Sales         140,134       $ 64.18  (3) 

The Lampert Foundation

     6/9/2015       Open Market Sales         2,603       $ 64.18  (3) 

Edward S. Lampert

     6/10/2015       Open Market Sales         173,600       $ 64.23  (4) 

ESL Institutional Partners, L.P.

     6/10/2015       Open Market Sales         75       $ 64.23  (4) 

ESL Partners, L.P.

     6/10/2015       Open Market Sales         194,659       $ 64.23  (4) 

The Lampert Foundation

     6/10/2015       Open Market Sales         4,288       $ 64.23  (4) 

Edward S. Lampert

     6/11/2015       Open Market Sales         48,143       $ 64.25  (5) 

ESL Institutional Partners, L.P.

     6/11/2015       Open Market Sales         20       $ 64.25  (5) 

ESL Partners, L.P.

     6/11/2015       Open Market Sales         47,915       $ 64.25  (5) 

The Lampert Foundation

     6/11/2015       Open Market Sales         1,119       $ 64.25  (5) 

Edward S. Lampert

     6/17/2015       Open Market Sales         4,811       $ 63.73  (6) 

ESL Institutional Partners, L.P.

     6/17/2015       Open Market Sales         10       $ 63.73  (6) 

ESL Partners, L.P.

     6/17/2015       Open Market Sales         43,225       $ 63.73  (6) 

The Lampert Foundation

     6/17/2015       Open Market Sales         559       $ 63.73  (6) 


Entity

   Date of
Transaction
     Description
of Transaction
   Shares
Acquired
     Shares
Disposed
     Price
Per Share
 

Edward S. Lampert

     6/18/2015       Open Market Sales         93,972       $ 63.64  (7) 

ESL Institutional Partners, L.P.

     6/18/2015       Open Market Sales         39       $ 63.64  (7) 

ESL Partners, L.P.

     6/18/2015       Open Market Sales         98,859       $ 63.64  (7) 

The Lampert Foundation

     6/18/2015       Open Market Sales         2,246       $ 63.64  (7) 

Edward S. Lampert

     6/19/2015       Open Market Sales         292,218       $ 63.03  (8) 

ESL Institutional Partners, L.P.

     6/19/2015       Open Market Sales         92       $ 63.03  (8) 

ESL Partners, L.P.

     6/19/2015       Open Market Sales         157,716       $ 63.03  (8) 

The Lampert Foundation

     6/19/2015       Open Market Sales         5,239       $ 63.03  (8) 

ESL Institutional Partners, L.P.

     6/22/2015       Pro Rata Distribution to
its partners
        3,948       $   

RBS Investment Management, L.L.C.

     6/22/2015       Acquisition from ESL

Institutional Partners,

L.P. as a result of a Pro

Rata Distribution

     780          $   

Edward S. Lampert

     6/22/2015       Acquisition from ESL

Institutional Partners,

L.P. as a result of a Pro

Rata Distribution

     1,498          $   

RBS Investment Management, L.L.C.

     6/22/2015       Pro Rata Distribution         780       $   

Edward S. Lampert

     6/22/2015       Acquisition from RBS
Investment Management,

L.L.C. as a result of a

Pro Rata Distribution

     780          $ 0   

Edward S. Lampert

     6/22/2015       Open Market Sales         61,454       $ 63.14  (9) 

ESL Partners, L.P.

     6/22/2015       Open Market Sales         48,158       $ 63.14  (9) 

The Lampert Foundation

     6/22/2015       Open Market Sales         1,276       $ 63.14  (9) 

 

(1) This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $62.90 to $63.13 per Share. The Filing Persons undertake 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 $63.00 to $63.15 per Share. The Filing Persons undertake 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 $63.95 to $64.64 per Share. The Filing Persons undertake 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 $64.08 to $64.40 per Share. The Filing Persons undertake 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 $64.00 to $64.50 per Share. The Filing Persons undertake 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 $63.60 to $63.91 per Share. The Filing Persons undertake 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 $63.55 to $63.75 per Share. The Filing Persons undertake 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 $63.00 to $63.12 per Share. The Filing Persons undertake 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 $63.00 to $63.28 per Share. The Filing Persons undertake to provide, upon request by the Securities and Exchange Commission staff, full information regarding the number of Shares sold at each price.