UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)
MOVE, INC. (MOVE)
(Name of Issuer)
Common Stock
(Title of Class of Securities)
62458M108
(CUSIP Number)
David Nierenberg
The D3 Family Funds
19605 NE 8th Street
Camas, WA 98607
(360) 604-8600
With a copy to:
Henry Lesser, Esq.
DLA Piper US LLP
2000 University Avenue
East Palo Alto, CA 94303
(650) 833-2000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 25, 2008
(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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |_|.
1
CUSIP No. 62458M108
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
The D3 Family Fund, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,640,257 common shares (1.1%)
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,640,257
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
For the reporting person listed on this page, 1,640,257; for all
reporting persons as a group, 9,930,077 shares (6.6%)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
2
CUSIP No. 62458M108
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
The D3 Family Bulldog Fund, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
6,045,402 common shares (4.0%)
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 6,045,402
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
For the reporting person listed on this page, 6,045,402; for all
reporting persons as a group, 9,930,077 shares (6.6%)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
3
CUSIP No. 62458M108
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
The D3 Family Canadian Fund, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
316,220 common shares (0.2%)
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 316,220
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
For the reporting person listed on this page, 316,220; for all
reporting persons as a group, 9,930,077 shares (6.6%)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
4
CUSIP No. 62458M108
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
The DIII Offshore Fund, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bahamas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,928,198 common shares (1.3%)
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,928,198
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
For the reporting person listed on this page, 1,928,198; for all
reporting persons as a group, 9,930,077 shares (6.6%)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
5
CUSIP No. 62458M108
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Nierenberg Investment Management Company, Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 9,930,077 common shares (6.6%)
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,930,077
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
For the reporting person listed on this page, 9,930,077 shares; for
all reporting persons as a group, 9,930,077 shares (6.6%)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
6
CUSIP No. 62458M108
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Nierenberg Investment Management Offshore, Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bahamas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,928,198 common shares (1.3%)
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,928,198
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
For the reporting person listed on this page, 1,928,198; for all
reporting persons as a group, 9,930,077 shares (6.6%)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
7
CUSIP No. 62458M108
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
David Nierenberg
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 9,930,077 common shares (6.6%)
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,930,077
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
For the reporting person listed on this page, 9,930,077; for all
reporting persons as a group, 9,930,077 shares (6.6%)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
8
Item 1. Security and Issuer.
This Schedule 13D (the "Schedule 13D") is being filed with respect to the
shares of common stock (the "Shares") of Move, Inc. a Delaware corporation (the
"Company" or "MOVE").
Item 2. Identity and Background.
This Schedule 13D is being filed by the following four limited
partnerships (the "D3 Family Funds"), the following two corporations which are
the sole general partners of the D3 Family Fund(s) indicated below
(collectively, the "Reporting Persons") and the following individual who is the
President of each of the two general partners.
(a) The Reporting Persons are: The D3 Family Fund, L.P., a Washington
limited partnership; The DIII Offshore Fund, L.P., a Bahamas limited
partnership; The D3 Family Bulldog Fund, L.P. a Washington limited partnership;
The D3 Family Canadian Fund, L.P., a Washington limited partnership; Nierenberg
Investment Management Company, Inc., a Washington corporation ("NIMCO") which is
the sole general partner of those D3 Family Funds organized under the law of the
State of Washington; Nierenberg Investment Management Offshore, Inc., which is a
wholly-owned subsidiary of NIMCO and is the sole general partner of the D3
Family Fund organized under the law of The Bahamas; and David Nierenberg, a
United States citizen, who is the President of each of the two general partners.
(b) The business address of each of the Reporting Persons is 19605 N.E.
8th Street, Camas, Washington 98607.
(c) The D3 Family Funds are private investment partnerships, the principal
business of which is investing in the equities of public micro-cap issuers. The
principal business of the corporate Reporting Persons is to serve as the general
partner of the applicable D3 Family Fund(s). Mr. Nierenberg's principal
occupation is President of each of the two corporate Reporting Persons.
(d, e) During the past five years, no Reporting Person has been convicted
in a criminal proceeding, or been a party to a civil proceeding, required to be
disclosed pursuant to Items 2(d) or (e) of Schedule 13D.
(f) The citizenship of each of the Reporting Persons is set forth in
paragraph (a) of this Item.
Item 3. Source and Amount of Funds or Other Consideration.
The total amount of funds used by the Reporting Persons to make all purchases of
Shares beneficially owned by the Reporting Persons, as reported in Item 5(a,b)
was $24,611,935. The source of funds for purchases of Shares by each of the
Reporting Persons is the working capital of the applicable D3 Family Fund.
9
Item 4. Purpose of Transaction.
Through the open market purchases of Shares listed in Item 5(c), the
Reporting Persons have become the beneficial owners of more than 5% of the
number of Shares reported by the Company to be outstanding as of February 25,
2008 in its Annual Report on Form 10-K dated February 28, 2008 and currently
beneficially own the number of Shares listed in Item 5(a).
The Reporting Person have been acquiring Shares as a long term investment
because we believe that the Company's troubled past under prior management, the
current bursting of the residential real estate bubble, and MOVE's large
continuing losses in Welcome Wagon and Rentnet.com obscure the enormous current
and potential value of MOVE's profitable core businesses.
While acquiring our Shares, we had no agenda, nor any substantive comments
to make in our initial Schedule 13D. However, MOVE's stunning and unexpected
disclosure, in its press release on February 28, that its $129.9 million
investment in auction rate securities is no longer liquid and may not be worth
what MOVE paid for it, changed our plans. For the Company to have concentrated
almost 75% of its cash in just one type of investment, for the Company to have
lost the immediate use of that money, and for the Company to have apparently
trusted the glib assurances of those who sold it the auction rate securities
without performing MOVE's own independent due diligence or post-investment
monitoring - all of this is totally unacceptable to us and precipitates these
comments today.
Losing the immediate use of this cash means, for example, that MOVE will
only be able to repurchase a small fraction of its Shares - as opposed to one
third of its Shares, as we would have wanted.
Mistakes of this magnitude require corrective action by MOVE's Board of
Directors. Although we already have conveyed our sentiments directly to two
members of the Board, the magnitude of the error, and the urgency of fixing it,
prompt us to bring our suggestions to the Board public today:
1. While the Board is justifiably grateful to MOVE's CEO and CFO for
cleaning up the legacy of prior management's scandals, the auction rate
preferred error was made by the current management team. We believe that
the Board, therefore, should dismiss both the CEO and the CFO. We
believe in personal accountability. To us it really is that simple.
2. The Company should immediately demand that those who sold MOVE the
auction rate securities, and who presumably assured MOVE of their safety
and soundness, should buy those securities back from MOVE now for 100
cents on the dollar, cash. Failing that, MOVE should aggressively assess
and pursue all of its potential remedies.
10
3. The Board should consider what might have tempted its CFO and CEO to
possibly consider trading off safety for yield. We are not asserting
that this is what happened; rather, we are asking the Board to examine
whether it may have happened, and, if so, to determine why. We offer up
a possible hypothesis: perhaps because the Company's diversification
strategy led it to lose most of the profit generated by its core
business in the two unprofitable businesses referenced earlier,
management may possibly have been tempted to earn a bottom line profit
through interest earnings on the Company's cash. We offer a more focused
solution: sell the money losing businesses for cash and, instead,
redeploy the profits generated by the Company's core business into
profitably growing the core. We believe the core has a bright future and
vast growth potential.
We hope that other MOVE shareholders will tell the Company's BOARD how
they feel about the auction rate blunder. We are relatively new MOVE
shareholders and we welcome comment from others who have a longer history with
the Company.
The previous statements by the Reporting Persons regarding their
investment in MOVE represent solely their own analyses and judgments, based on
publicly-available information and their own internal evaluation thereof. Those
statements are not intended, and should not be relied on, as investment advice
to any other investor or prospective investor. To the extent those statements
reflect assessments of possible future developments, those assessments are
inherently subject to the uncertainties associated with all assessments of
future events; actual developments may materially differ as a result of
circumstances affecting MOVE and/or extrinsic factors such as developments in
the Company's industry and the economic environment. The Reporting Persons
reserve the right to change their internal evaluation of this investment in the
future, as well as to increase or decrease their investment depending on their
evaluation, and to discuss the Company and their investment in it with the
directors and executive officers of the Company and third parties, without
further amending the Schedule 13D except as required by applicable rules.
Item 5. Interest in Securities of the Issuer.
(a, b) The Reporting Persons, in the aggregate, beneficially own 9,930,077
Shares, constituting approximately 6.6% of the outstanding Shares.
(c) During the past sixty (60) days, the following purchases of Shares
were made by the Reporting Persons in open market transactions:
Fund Trade Date Shares Bought Price
---- ---------- ------------- -----
D3 Family Fund LP 01/10/2008 72,324 2.19
D3 Family Bulldog Fund LP 01/10/2008 271,800 2.19
D3 Family Canadian Fund LP 01/10/2008 14,130 2.19
DIII Offshore Fund LP 01/10/2008 41,000 2.19
D3 Family Fund LP 01/23/2008 21,005 1.83
D3 Family Bulldog Fund LP 01/23/2008 79,570 1.83
D3 Family Canadian Fund LP 01/23/2008 4,360 1.83
DIII Offshore Fund LP 01/23/2008 63,165 1.83
D3 Family Fund LP 01/24/2008 12,925 2.00
D3 Family Bulldog Fund LP 01/24/2008 50,760 2.00
D3 Family Canadian Fund LP 01/24/2008 2,655 2.00
DIII Offshore Fund LP 01/24/2008 14,860 2.00
11
D3 Family Fund LP 01/25/2008 25,500 2.15
D3 Family Bulldog Fund LP 01/25/2008 97,940 2.15
D3 Family Canadian Fund LP 01/25/2008 5,255 2.15
DIII Offshore Fund LP 01/25/2008 28,705 2.15
D3 Family Fund LP 01/28/2008 15,050 2.18
D3 Family Bulldog Fund LP 01/28/2008 52,040 2.18
D3 Family Canadian Fund LP 01/28/2008 2,620 2.18
DIII Offshore Fund LP 01/28/2008 15,290 2.18
D3 Family Fund LP 01/29/2008 115,340 2.36
D3 Family Bulldog Fund LP 01/29/2008 433,800 2.36
D3 Family Canadian Fund LP 01/29/2008 22,810 2.36
DIII Offshore Fund LP 01/29/2008 128,050 2.36
D3 Family Fund LP 01/30/2008 91,020 2.40
D3 Family Bulldog Fund LP 01/30/2008 341,010 2.40
D3 Family Canadian Fund LP 01/30/2008 17,840 2.40
DIII Offshore Fund LP 01/30/2008 100,130 2.40
D3 Family Fund LP 01/31/2008 100,000 2.36
D3 Family Bulldog Fund LP 01/31/2008 1,663,642 2.36
D3 Family Canadian Fund LP 01/31/2008 88,000 2.36
DIII Offshore Fund LP 01/31/2008 110,000 2.36
D3 Family Bulldog Fund LP 02/01/2008 200 2.35
D3 Family Fund LP 02/04/2008 71,529 2.59
D3 Family Fund LP 02/05/2008 100,929 2.50
DIII Offshore Fund LP 02/05/2008 20,000 2.50
DIII Offshore Fund LP 02/06/2008 150,000 2.50
D3 Family Fund LP 02/07/2008 50,000 2.47
DIII Offshore Fund LP 02/07/2008 85,000 2.47
DIII Offshore Fund LP 02/08/2008 100,000 2.50
D3 Family Fund LP 02/11/2008 140,000 2.50
D3 Family Bulldog Fund LP 02/11/2008 107,145 2.50
D3 Family Canadian Fund LP 02/11/2008 7,000 2.50
DIII Offshore Fund LP 02/11/2008 45,000 2.50
D3 Family Fund LP 02/12/2008 17,800 2.55
D3 Family Bulldog Fund LP 02/12/2008 118,000 2.55
D3 Family Canadian Fund LP 02/12/2008 6,600 2.55
DIII Offshore Fund LP 02/12/2008 57,600 2.55
D3 Family Fund LP 02/13/2008 48,200 2.60
D3 Family Bulldog Fund LP 02/13/2008 185,650 2.60
D3 Family Canadian Fund LP 02/13/2008 9,735 2.60
DIII Offshore Fund LP 02/13/2008 56,415 2.60
D3 Family Fund LP 02/14/2008 49,700 2.57
D3 Family Bulldog Fund LP 02/14/2008 160,100 2.57
D3 Family Canadian Fund LP 02/14/2008 8,515 2.57
DIII Offshore Fund LP 02/14/2008 57,659 2.57
D3 Family Fund LP 02/15/2008 44,150 2.51
D3 Family Bulldog Fund LP 02/15/2008 195,400 2.51
D3 Family Canadian Fund LP 02/15/2008 9,125 2.51
DIII Offshore Fund LP 02/15/2008 51,325 2.51
D3 Family Fund LP 02/19/2008 40,725 2.63
D3 Family Bulldog Fund LP 02/19/2008 155,500 2.63
D3 Family Canadian Fund LP 02/19/2008 8,335 2.63
DIII Offshore Fund LP 02/19/2008 45,440 2.63
12
D3 Family Fund LP 02/20/2008 24,560 2.73
D3 Family Bulldog Fund LP 02/20/2008 91,810 2.73
D3 Family Canadian Fund LP 02/20/2008 4,400 2.73
DIII Offshore Fund LP 02/20/2008 29,230 2.73
D3 Family Fund LP 02/21/2008 125,750 2.91
D3 Family Bulldog Fund LP 02/21/2008 483,850 2.91
D3 Family Canadian Fund LP 02/21/2008 25,540 2.91
DIII Offshore Fund LP 02/21/2008 144,860 2.91
D3 Family Fund LP 02/22/2008 56,280 2.75
D3 Family Bulldog Fund LP 02/22/2008 216,510 2.75
D3 Family Canadian Fund LP 02/22/2008 11,430 2.75
DIII Offshore Fund LP 02/22/2008 64,821 2.75
D3 Family Fund LP 02/25/2008 11,660 2.78
D3 Family Bulldog Fund LP 02/25/2008 41,530 2.78
D3 Family Canadian Fund LP 02/25/2008 2,630 2.78
DIII Offshore Fund LP 02/25/2008 14,654 2.78
D3 Family Fund LP 02/26/2008 7,700 2.90
D3 Family Bulldog Fund LP 02/26/2008 29,575 2.90
D3 Family Canadian Fund LP 02/26/2008 1,565 2.90
DIII Offshore Fund LP 02/26/2008 8,865 2.90
D3 Family Fund LP 02/27/2008 120,940 2.80
D3 Family Bulldog Fund LP 02/27/2008 465,050 2.80
D3 Family Canadian Fund LP 02/27/2008 24,590 2.80
DIII Offshore Fund LP 02/27/2008 139,420 2.80
D3 Family Fund LP 02/28/2008 28,630 2.73
D3 Family Bulldog Fund LP 02/28/2008 110,040 2.73
D3 Family Canadian Fund LP 02/28/2008 5,820 2.73
DIII Offshore Fund LP 02/28/2008 33,026 2.73
D3 Family Fund LP 02/29/2008 64,940 2.49
D3 Family Bulldog Fund LP 02/29/2008 218,560 2.49
D3 Family Canadian Fund LP 02/29/2008 6,840 2.49
DIII Offshore Fund LP 02/29/2008 59,660 2.49
D3 Family Fund LP 03/03/2008 56,970 2.42
D3 Family Bulldog Fund LP 03/03/2008 60,490 2.42
D3 Family Canadian Fund LP 03/03/2008 3,645 2.42
DIII Offshore Fund LP 03/03/2008 84,795 2.42
D3 Family Fund LP 03/04/2008 30,700 2.35
D3 Family Bulldog Fund LP 03/04/2008 114,200 2.35
D3 Family Canadian Fund LP 03/04/2008 5,950 2.35
DIII Offshore Fund LP 03/04/2008 35,484 2.35
D3 Family Fund LP 03/05/2008 17,440 2.42
D3 Family Bulldog Fund LP 03/05/2008 12,000 2.42
D3 Family Canadian Fund LP 03/05/2008 1,690 2.42
DIII Offshore Fund LP 03/05/2008 51,370 2.42
D3 Family Fund LP 03/06/2008 78,490 2.27
D3 Family Bulldog Fund LP 03/06/2008 289,230 2.27
D3 Family Canadian Fund LP 03/06/2008 15,140 2.27
DIII Offshore Fund LP 03/06/2008 92,374 2.27
13
Item 7. Material to be filed as Exhibits
Exhibit 1 to this Schedule 13D is the Joint Filing Agreement among the
Reporting Persons dated March 5, 2008 pursuant to which all of the Reporting
Persons have authorized the filing of Schedule 13D's and amendments thereto as a
group.
14
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, each of the
undersigned certifies that the information set forth in the Statement is true,
complete and correct.
D3 Family Fund, L.P., D3 Family Bulldog
Fund, L.P., and D3 Family Canadian Fund,
L.P.
By: Nierenberg Investment Management
Company, Inc.
Its: General Partner
March 06, 2008 By: /s/ David Nierenberg
------------------------- -------------------------------------------
David Nierenberg, President
DIII Offshore Fund, L.P.
By: Nierenberg Investment Management
Offshore, Inc.
Its: General Partner
March 06, 2008 By: /s/ David Nierenberg
------------------------- -------------------------------------------
David Nierenberg, President
Nierenberg Investment Management
Company, Inc.
March 06, 2008 By: /s/ David Nierenberg
------------------------- -------------------------------------------
David Nierenberg, President
Nierenberg Investment Management
Offshore, Inc.
March 06, 2008 By: /s/ David Nierenberg
------------------------- -------------------------------------------
David Nierenberg, President
March 06, 2008 /s/ David Nierenberg
-------------------------- -------------------------------------------
David Nierenberg
15