The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned (the “Amendment No. 4”). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein.
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Item 3.
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Source and Amount of Funds or Other Consideration
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Item 3 is hereby amended and restated to read as follows:
The Shares purchased by Series One were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A, which is incorporated by reference herein. The aggregate purchase price of the 7,407,865 Shares beneficially owned by Series One is approximately $5,769,100, excluding brokerage commissions.
The Shares purchased by Series Two were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A, which is incorporated by reference herein. The aggregate purchase price of the 1,413,191 Shares beneficially owned by Series Two is approximately $970,290, excluding brokerage commissions.
The Shares purchased by VSO III were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A, which is incorporated by reference herein. The aggregate purchase price of the 20,710,666 Shares beneficially owned by VSO III is approximately $12,772,705, excluding brokerage commissions.
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Item 5.
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Interest in Securities of the Issuer
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Items 5(a)-(c) are hereby amended and restated to read as follows:
The aggregate percentage of Shares reported owned by each Reporting Person is based upon 264,233,646 Shares outstanding, which is the total number of Shares outstanding as of January 29, 2016 as reported in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on February 5, 2016.
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(a)
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As of the close of business on June 1, 2016, Series One beneficially owned 7,407,865 Shares.
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Percentage: Approximately 2.8%
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(b)
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1. Sole power to vote or direct vote: 0
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2. Shared power to vote or direct vote: 7,407,865
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3. Sole power to dispose or direct the disposition: 0
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4. Shared power to dispose or direct the disposition: 7,407,865
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(c)
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Series One has not entered into any transactions since the filing of Amendment No. 3.
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(a)
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As of the close of business on June 1, 2016, Series Two beneficially owned 1,413,191 Shares.
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Percentage: Less than 1%
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(b)
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1. Sole power to vote or direct vote: 0
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2. Shared power to vote or direct vote: 1,413,191
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3. Sole power to dispose or direct the disposition: 0
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4. Shared power to dispose or direct the disposition: 1,413,191
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(c)
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Series Two has not entered into any transactions since the filing of Amendment No. 3.
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(a)
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As of the close of business on June 1, 2016, VSO III beneficially owned 20,710,666 Shares.
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Percentage: Approximately 7.8%
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(b)
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1. Sole power to vote or direct vote: 0
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2. Shared power to vote or direct vote: 20,710,666
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3. Sole power to dispose or direct the disposition: 0
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4. Shared power to dispose or direct the disposition: 20,710,666
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(c)
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The transactions in the Shares by VSO III since the filing of Amendment No. 3 are set forth in Schedule A and are incorporated herein by reference.
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(a)
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VIEX GP, as the general partner of Series One and Series Two, may be deemed the beneficial owner of the (i) 7,407,865 shares owned by Series One and (ii) 1,413,191 shares owned by Series Two.
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Percentage: Approximately 3.3%
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(b)
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1. Sole power to vote or direct vote: 0
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2. Shared power to vote or direct vote: 8,821,056
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3. Sole power to dispose or direct the disposition: 0
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4. Shared power to dispose or direct the disposition: 8,821,056
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(c)
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VIEX GP has not entered into any transactions in the Shares since the filing of Amendment No. 3.
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(a)
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VSO GP III, as the general partner of VSO III, may be deemed the beneficial owner of the 20,710,666 shares owned by VSO III.
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Percentage: Approximately 7.8%
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(b)
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1. Sole power to vote or direct vote: 0
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2. Shared power to vote or direct vote: 20,710,666
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3. Sole power to dispose or direct the disposition: 0
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4. Shared power to dispose or direct the disposition: 20,710,666
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(c)
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VSO GP III has not entered into any transactions in the Shares since the filing of Amendment No. 3. The transactions in the Shares on behalf of VSO III since the filing of Amendment No. 3 are set forth in Schedule A and are incorporated herein by reference.
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(a)
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VIEX Capital, as the investment manager of Series One and Series Two, may be deemed the beneficial owner of the (i) 7,407,865 Shares owned by Series One, (ii) 1,413,191 Shares owned by Series Two and (iii) 20,710,666 owned by VSO III.
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Percentage: Approximately 11.2%
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(b)
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1. Sole power to vote or direct vote: 0
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2. Shared power to vote or direct vote: 29,531,722
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3. Sole power to dispose or direct the disposition: 0
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4. Shared power to dispose or direct the disposition: 29,531,722
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(c)
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VIEX Capital has not entered into any transactions in the Shares since the filing of Amendment No. 3. The transactions in the Shares on behalf of VSO III since the filing of Amendment No. 3 are set forth in Schedule A and are incorporated herein by reference.
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(a)
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Mr. Singer, as the managing member of VIEX GP and VIEX Capital, may be deemed the beneficial owner of the (i) 7,407,865 Shares owned by Series One, (ii) 1,413,191 Shares owned by Series Two and (iii) 20,710,666 owned by VSO III.
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Percentage: Approximately 11.2%
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(b)
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1. Sole power to vote or direct vote: 0
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2. Shared power to vote or direct vote: 29,531,722
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3. Sole power to dispose or direct the disposition: 0
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4. Shared power to dispose or direct the disposition: 29,531,722
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(c)
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Mr. Singer has not entered into any transactions in the Shares since the filing of Amendment No. 3. The transactions in the Shares on behalf of VSO III since the filing of Amendment No. 3 are set forth in Schedule A and are incorporated herein by reference.
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The filing of this Schedule 13D shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each Reporting Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.
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SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: June 2, 2016
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VIEX Opportunities Fund, LP – Series One
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By:
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VIEX GP, LLC
General Partner
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By:
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/s/ Eric Singer
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Name:
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Eric Singer
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Title:
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Managing Member
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VIEX Opportunities Fund, LP – Series Two
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By:
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VIEX GP, LLC
General Partner
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By:
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/s/ Eric Singer
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Name:
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Eric Singer
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Title:
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Managing Member
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VIEX GP, LLC
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By:
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/s/ Eric Singer
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Name:
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Eric Singer
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Title:
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Managing Member
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VIEX Special Opportunities Fund III, LP
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By:
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VIEX Special Opportunities GP III, LLC
General Partner
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By:
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/s/ Eric Singer
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Name:
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Eric Singer
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Title:
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Managing Member
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VIEX Special Opportunities GP III, LLC
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By:
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/s/ Eric Singer
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Name:
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Eric Singer
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Title:
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Managing Member
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VIEX Capital Advisors, LLC
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By:
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/s/ Eric Singer
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Name:
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Eric Singer
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Title:
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Managing Member
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/s/ Eric Singer
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Eric Singer
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SCHEDULE A
Transactions in the Shares Since the Filing of Amendment No. 3
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Nature of the Transaction
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Securities
Purchased/(Sold)
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Price Per
Share($)
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Date of
Purchase / Sale
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VIEX SPECIAL OPPORTUNITIES FUND III, LP
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Purchase of Common Stock
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3,289,726
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0.3675
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03/31/2016
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