UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)*
ART TECHNOLOGY GROUP, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
CUSIP NO. 458727 20 3
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(CUSIP Number)
James H. Dennedy Richard S. Rofe
Mitchell-Wright Technology Group, LLC Mitchell-Wright Technology Group, LLC
8060 Montgomery Road, Suite 205 185 Great Neck Road, Suite 460
Cincinnati, OH 45236 Great Neck, NY 11020
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(513) 792-5100 (516) 466-5258
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Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
August 18, 2004
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(Date of Event Which Requires
Filing of This Statement)
If the person filing 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. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. |X|
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 2 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
SSH Partners I, LLP
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
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(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
125,000
---------------------------------
(8) Shared Voting Power
0
---------------------------------
(9) Sole Dispositive Power
125,000
---------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
125,000
--------------------------------------------------------------------------------
(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%
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(14) Type of Reporting Person (See Instructions)
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-2-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 3 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Mitchell-Wright Technology Group, LLC 41-2142179
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
125,000
---------------------------------
(8) Shared Voting Power
0
---------------------------------
(9) Sole Dispositive Power
125,000
---------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
125,000
--------------------------------------------------------------------------------
(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%
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(14) Type of Reporting Person (See Instructions)
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-3-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 4 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Mitchell-Wright, LLC
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
125,000
---------------------------------
(8) Shared Voting Power
0
---------------------------------
(9) Sole Dispositive Power
125,000
---------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
125,000
--------------------------------------------------------------------------------
(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%
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(14) Type of Reporting Person (See Instructions)
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-4-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 5 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
James Dennedy
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
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(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
PF/AF
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(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
USA
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Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
145,000
---------------------------------
(8) Shared Voting Power
0
---------------------------------
(9) Sole Dispositive Power
145,000
---------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
145,000
--------------------------------------------------------------------------------
(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%
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(14) Type of Reporting Person (See Instructions)
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-5-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 6 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Arcadia Partners, L.P.
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
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(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(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 (7) Sole Voting Power
Reporting Person with:
36,477
---------------------------------
(8) Shared Voting Power
0
---------------------------------
(9) Sole Dispositive Power
36,477
---------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
36,477
--------------------------------------------------------------------------------
(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%
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(14) Type of Reporting Person (See Instructions)
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-6-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 7 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Arcadia Capital Management, LLC
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
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(3) Sec Use Only
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(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(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 (7) Sole Voting Power
Reporting Person with:
36,477
----------------------------------
(8) Shared Voting Power
0
----------------------------------
(9) Sole Dispositive Power
36,477
----------------------------------
(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
36,477
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(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%
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(14) Type of Reporting Person (See Instructions)
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-7-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 8 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Richard Rofe
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
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(3) Sec Use Only
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(4) Source of Funds (see instructions)
WC
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(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
USA
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Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
171,977
---------------------------------
(8) Shared Voting Power
0
---------------------------------
(9) Sole Dispositive Power
171,977
---------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
171,977
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(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%
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(14) Type of Reporting Person (See Instructions)
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-8-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 9 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Parche, LLC 20-0870632
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
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(3) Sec Use Only
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(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(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 (7) Sole Voting Power
Reporting Person with:
0
---------------------------------
(8) Shared Voting Power
604,453
---------------------------------
(9) Sole Dispositive Power
---------------------------------
(10) Shared Dispositive Power
604,453
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
604,453
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.8%
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(14) Type of Reporting Person (See Instructions)
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-9-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 10 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Starboard Value & Opportunity Fund, LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
---------------------------------
(8) Shared Voting Power
3,173,383
---------------------------------
(9) Sole Dispositive Power
0
---------------------------------
(10) Shared Dispositive Power
3,173,383
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,173,383
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
4.3%
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(14) Type of Reporting Person (See Instructions)
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-10-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 11 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Admiral Advisors, LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
---------------------------------
(8) Shared Voting Power
3,777,836
---------------------------------
(9) Sole Dispositive Power
0
---------------------------------
(10) Shared Dispositive Power
3,777,836
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,777,836
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.1%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-11-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 12 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Ramius Capital Group, LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
---------------------------------
(8) Shared Voting Power
3,777,836
---------------------------------
(9) Sole Dispositive Power
0
---------------------------------
(10) Shared Dispositive Power
3,777,836
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,777,836
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.1%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-12-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 13 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
C4S & Co., LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
---------------------------------
(8) Shared Voting Power
3,777,836
---------------------------------
(9) Sole Dispositive Power
0
---------------------------------
(10) Shared Dispositive Power
3,777,836
------------------------------------------------------------ -------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,777,836
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.1%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-13-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 14 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Peter A. Cohen
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
---------------------------------
(8) Shared Voting Power
3,777,836
---------------------------------
(9) Sole Dispositive Power
0
---------------------------------
(10) Shared Dispositive Power
3,777,836
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,777,836
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.1%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-14-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 15 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Morgan B. Stark
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
---------------------------------
(8) Shared Voting Power
3,777,836
---------------------------------
(9) Sole Dispositive Power
0
---------------------------------
(10) Shared Dispositive Power
3,777,836
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,777,836
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.1%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-15-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 16 OF 29 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Jeffrey M. Solomon
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
---------------------------------
(8) Shared Voting Power
3,777,836
---------------------------------
(9) Sole Dispositive Power
0
---------------------------------
(10) Shared Dispositive Power
3,777,836
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,777,836
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.1%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-16-
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 17 OF 29 PAGES
--------------------------------------------------------------------------------
(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Thomas W. Strauss
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
WC
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
---------------------------------
(8) Shared Voting Power
3,777,836
---------------------------------
(9) Sole Dispositive Power
0
---------------------------------
(10) Shared Dispositive Power
3,777,836
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,777,836
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.1%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-17-
ITEM 1. SECURITY AND ISSUER
This statement relates to shares of the Common Stock, par value $0.01 per share
("Common Stock"), of Art Technology Group, Inc., a Delaware corporation (the
"Issuer"). The principal executive offices of the issuer are located at 25 First
Street, Cambridge, Massachusetts 02141.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (c), (f)
This Statement is filed by a group consisting of SSH Partners I, LP,
Mitchell-Wright Technology Group, LLC, Mitchell-Wright, LLC, James Dennedy,
Arcadia Partners, L.P., Arcadia Capital Management, LLC, Richard Rofe, Parche,
LLC, Starboard Value & Opportunity Fund, LLC, Admiral Advisors, LLC, Ramius
Capital Group, LLC, C4S & Co., LLC, Peter A. Cohen, Morgan B. Stark, Jeffrey M.
Solomon, and Thomas W. Strauss (collectively, the "Reporting Persons").
SSH Partners I, LP, is a Delaware limited liability engaged in investing in
undervalued companies especially those in enterprise software or other
technology businesses and taking an active role in the management of portfolio
companies in order to enhance shareholder value. The address of the principal
offices of SSH Partners I, LP is 8060 Montgomery Road, Suite 205, Cincinnati, OH
45236.
The general partner of SSH Partners I, LP is Mitchell-Wright Technology Group,
LLC, a Delaware limited liability company that is engaged in money management
and investment advisory services for third parties. The address of the principal
offices of Mitchell-Wright Technology Group, LLC is 8060 Montgomery Road, Suite
205, Cincinnati, OH 45236. The Managing Member of Mitchell-Wright Technology
Group, LLC is Mitchell-Wright, LLC, a Delaware limited liability company that
was formed for the purpose of being the Managing Member of Mitchell-Wright
Technology Group, LLC. The address of the principal offices of Mitchell-Wright,
LLC is 8060 Montgomery Road, Suite 205, Cincinnati, OH 45236.The Managing Member
of Mitchell-Wright, LLC is James Dennedy.
James Dennedy is a United States citizen whose business address is 8060
Montgomery Road, Suite 205, Cincinnati, OH 45236. Mr. Dennedy's principal
occupation is serving as a founding member of Mitchell-Wright, LLC.
Arcadia Partners, L.P. is a Delaware limited partnership engaged in investing in
public equities using various strategies. The address of the principal business
and principal offices of Arcadia Partners, L.P. is 185 Great Neck Road, Suite
460, Great Neck, NY 11021. Arcadia Capital Management, LLC is the general
partner of Arcadia Partners, L.P.
Arcadia Capital Management, LLC is a Delaware limited liability company which
was formed to serve as the general partner of Arcadia Partners, L.P. The address
of the principal business and principal offices of Arcadia Capital Management,
LLC is 185 Great Neck Road, Suite 460, Great Neck, NY 11021. Richard Rofe is the
sole member of Arcadia Capital Management, LLC.
Richard Rofe is a United States citizen whose business address is 185 Great Neck
Road, Suite 460, Great Neck, NY 11021. Mr. Rofe's principal occupation is
serving as a founding member of Mitchell-Wright Technology Group, LLC.
Each of Starboard Value & Opportunity Fund, LLC and Parche, LLC is a Delaware
limited liability company formed for the purpose of making equity investments
and, on occasion, taking an active role in the management of portfolio companies
in order to enhance shareholder value. The address of the principal offices of
Starboard Value & Opportunity Fund, LLC and Parche, LLC is 666 Third Avenue,
26th Floor, New York, New York 10017.
The managing member of each of Starboard Value & Opportunity Fund, LLC and
Parche, LLC is Admiral Advisors, LLC. The sole member of Admiral Advisors, LLC
is Ramius Capital Group, LLC. Ramius Capital Group, LLC is a Delaware limited
-18-
liability company that is engaged in money management and investment advisory
services for third parties and proprietary accounts. The address of the
principal offices of Ramius Capital Group, LLC is 666 Third Avenue, 26th Floor,
New York, New York 10017. The Managing Member of Ramius Capital Group, LLC is
C4S & Co., LLC, a Delaware limited liability company formed to be the managing
member of Ramius Capital Group, LLC. The address of the principal offices of C4S
& Co., LLC is 666 Third Avenue, 26th Floor, New York, New York 10017.
Each of Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W.
Strauss is a United States citizen and a managing member of C4S & Co., LLC. The
business address of each of Messrs. Cohen, Stark, Solomon and Strauss is 666
Third Avenue, 26th Floor, New York, New York 10017. Each of Messrs. Cohen's,
Stark's, Solomon's and Strauss' principal occupation is serving as a managing
member of Ramius Capital Group, LLC.
(d) - (e)
During the last five years, none of the Reporting Persons has been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors) or
was a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
All purchase of Common Stock by the Reporting Persons were made in open market
transaction described in the attached Schedule. All such purchases of Common
Stock by each of the Reporting Persons other than James Dennedy were funded by
working capital, which may, at any given time, include margin loans made by
brokerage firms in the ordinary course of business. The shares of Common Stock
purchased by James Dennedy were purchased with personal funds. The amount of
funds expended for such purchases was $172,178 by SSH Partners I, LP, $29,929 by
James Dennedy, $40,364 by Arcadia Partners, L.P., $175,234 by Richard Rofe,
$443,163 by Parche, LLC, and $3,113,774 by Starboard Value & Opportunity Fund,
LLC.
ITEM 4. PURPOSE OF THE TRANSACTION
The Reporting Persons, each and collectively acting upon the advice of
Mitchell-Wright Technology Group, LLC ("MWTG"), acquired beneficial ownership of
the shares of Common Stock to which this Schedule 13D relates for investment
purposes. In addition, as described below, the Reporting Persons acquired
beneficial ownership of the shares of Common Stock to which this Schedule 13D
relates for the possible purpose of exerting influence over the direction of the
Company. MWTG's primary interest is to maximize the value of its investment on
behalf of the Reporting Persons. MWTG considers the Common Stock to be an
attractive investment at the price levels at which the Reporting Person's
acquired the shares of Common Stock.
MWTG routinely monitors the performance of the Reporting Persons' investments in
the Company. In this connection, the MWTG intends to continuously evaluate the
Company's business, financial condition, operating results, capital structure,
management, stock market performance, future prospects, competitive outlook and
other relevant factors. As part of such evaluations, the MWTG has and may in the
future seek the views of, hold active discussions with and respond to inquiries
from members of the board of directors, officers or representatives of the
Company and other persons regarding the Company's affairs and strategic
alternatives, and the interests of other stockholders in participating in such
alternatives. Depending on such evaluations, the Reporting Persons may, at any
time and from time to time, purchase additional shares of Common Stock or may
dispose of any and all shares of Common Stock held by them. MWTG may from time
to time develop and recommend to the other Reporting Persons plans respecting,
or propose changes in, the management, composition of the board of directors,
policies, operations, or business of the Company, including a possible sale of
the Company.
MWTG has considered and proposed to management that, with respect to the Company
and the announced merger with Primus Knowledge Solutions, Inc. ("PKSI"), the
Company (i) should commit to more significant cost synergies and (ii) enact
changes in the corporate governance in connection with a vote on the proposed
transaction. MWTG has voiced its concerns during onsite meetings with management
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and in separate phone conversations. Further, on August 18, 2004, MWTG sent a
letter to Bob Burke highlighting elements of our proposal, a copy of which is
attached as Exhibit 2 hereto. MWTG has been and remains concerned with
management's ability to execute on a profitable business plan. Management
appears unwilling to realign the cost structure with the revenue of the
business. The announced acquisition of PKSI gives MWTG further pause. MWTG
approached management with an open mind to hear their rationale for the proposed
transaction. In response, MWTG offered to share its thoughts and potential
actions, which MWTG believes will maximize shareholder value. To date, MWTG has
not received an adequate response from the board of directors or management to
give MWTG confidence in the merits of management's plan. MWTG believes that the
proposed merger with PKSI is an additional management challenge that increases
execution risk and that management's plan produces insufficient cost synergies
to justify the incremental risk resulting from the combination.
With and apart from the proposed merger with PKSI, MWTG believes that the
Company's corporate governance is out of line with the current state of the
market thereby preventing shareholders from effectively helping the business
succeed. As of the date of this filing, the Reporting Persons advised by MWTG
collectively own 5.5% of the Common Stock. As the second largest shareholder
group, MWTG believes management and the board has a duty to meet and receive
input from the Reporting Persons as shareholders who are expressing their
sincere interest in developing solutions that will maximize shareholder value.
Based on available information and discussions with management the Reporting
Persons can not, at this time, support the announced merger unless management
and the board of directors commit to greater cost synergies and make the
proposed changes to corporate governance in connection with the solicitation of
votes on the proposed merger.
In connection with these and other plans or proposals that MWTG may develop,
MWTG may conduct investigations and, if warranted by such review, make and
negotiate proposals to and with the Company concerning the matters addressed in
the preceding paragraph, and may enter into agreements with the Company in
connection with those negotiations and proposals, including confidentiality
and/or other arrangements. MWTG may identify and seek to nominate one or more
persons for election to the Company's board of directors.
Except as set forth above, none of the Reporting Persons have any plans or
proposals which relate to or could result in, any of the matters referred to in
paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule
13D. However, the Reporting Persons intend to continually review the Company's
business affairs, financial position, strategy and future prospects, as well as
conditions in the securities markets and general economic and industry
conditions. Based on such evaluation and review and other factors, the Reporting
Persons may in the future take such actions with respect to their investment in
the Issuer as they deem appropriate in light of the circumstances existing from
time to time. Specifically, the Reporting Persons reserve the right to take
actions that relate to or could result in the following:
(a) acquisition or disposition of Common Stock or other securities of the
Company;
(b) an extraordinary corporate transaction, such as a merger, reorganization or
liquidation involving the Company;
(c) a sale or transfer of a material amount of assets of the Company or any of
its subsidiaries;
(d) a change in the present board or management of the Company;
(e) a change in the present capitalization of the Company;
(f) a material change in the Company's business or corporate structure;
(g) changes in the Company's certificate of incorporation or bylaws to revise or
eliminate provisions which may impede the acquisition of control of the Company
by any person; or
(h) any action similar to any of those enumerated.
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The Reporting Persons may, at any time and from time to time, review or
reconsider their position and/or change their purpose and/or formulate plans or
proposals with respect thereto.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a), (b)
As of the date hereof, SSH Partners I, LP beneficial owns an aggregate of
125,000 shares of Common Stock, representing approximately 0.2% of the shares of
Common Stock presently outstanding based on 73,828,622 shares of Common Stock
reported by the Company to be issued and outstanding as of June 30, 2004, in its
Form 10-Q filed with the Securities and Exchange Commission on August 9, 2004.
In addition, by virtue of the relationships described under Item 2 of this
Schedule 13D, each of Mitchell-Wright Capital Group, LLC, Mitchell-Wright, LLC
and James Dennedy may be deemed to have an indirect beneficial ownership of all
the shares of Common Stock beneficially owned by SSH Partners I, LP.
As of the date hereof, Mr. Dennedy beneficial owns an aggregate of 145,000
shares of Common Stock, representing approximately 0.2% of the shares of Common
Stock presently outstanding. Included in this amount are 20,000 shares of Common
Stock owned directly by Mr. Dennedy and the 125,000 shares of Common Stock owned
by SSH Partners I, LP in which Mr. Dennedy may be deemed to have an indirect
beneficial ownership interest as described above. Mr. Dennedy has sole voting
and dispositive power with respect to both the 20,000 shares of Common Stock
owned directly by him and the 125,000 shares of Common Stock owned by SSH
Partners I, LP by virtue of his authority to vote and dispose of such shares of
Common Stock.
Mr. Dennedy, Mitchell-Wright, LLC and Mitchell-Wright Technology Group, LLC each
disclaim beneficial ownership of the shares of the Issuer's Common Stock held of
record by SSH Partners I, LP, and the filing of this Schedule 13D shall not be
construed as an admission that any such person is the beneficial owner of any
such securities.
As of the date hereof, Arcadia Partners, LP beneficial owns an aggregate of
36,477 shares of Common Stock, representing less than 0.1% of the shares of
Common Stock presently outstanding. In addition, by virtue of the relationships
described under Item 2 of this Schedule 13D, each of Arcadia Capital Management,
LLC and Richard Rofe may be deemed to have an indirect beneficial ownership of
all the shares of Common Stock beneficially owned by Arcadia Partners, LP.
As of the date hereof, Mr. Rofe beneficial owns an aggregate of 171,977 shares
of Common Stock, representing approximately 0.2% of the shares of Common Stock
presently outstanding. Included in this amount are 135,500 shares of Common
Stock owned directly by Mr. Rofe and the 36,477 shares of Common Stock owned by
Arcadia Partners, LP, in which Mr. Rofe may be deemed to have an indirect
beneficial ownership interest as described above. Mr. Rofe has sole voting and
dispositive power with respect to both the 135,500 shares of Common Stock owned
directly by him and the 36,477 shares of Common Stock owned by Arcadia Partners,
LP by virtue of his authority to vote and dispose of such shares of Common
Stock.
Mr. Rofe and Arcadia Capital Management, LLC each disclaim beneficial ownership
of the shares of the Issuer's Common Stock held of record by Arcadia Partners,
LP, and the filing of this Schedule 13D shall not be construed as an admission
that any such person is the beneficial owner of any such securities.
As of the date hereof, Parche, LLC beneficially owns an aggregate of 604,453
shares of Common Stock, representing approximately 0.8% of the shares of Common
Stock presently outstanding. In addition, by virtue of the relationships
described under Item 2 of this Schedule 13D, each of Admiral Advisors, LLC,
Ramius Capital Group, LLC, C4S & Co., Peter A. Cohen, Morgan B. Stark, Jeffrey
M. Solomon and Thomas W. Strauss may be deemed to have an indirect beneficial
ownership of all the shares of Common Stock beneficially owned by Parche, LLC.
As of the date hereof, Starboard Value & Opportunity Fund, LLC beneficially owns
an aggregate of 3,173,383 shares of Common Stock, representing approximately
4.3% of the outstanding shares of Common Stock. In addition, by virtue of the
relationships described under Item 2 of this Schedule 13D, each of Admiral
Advisors, LLC, Ramius Capital Group, LLC, C4S & Co., LLC, Peter A. Cohen, Morgan
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B. Stark, Jeffrey M. Solomon and Thomas W. Strauss may be deemed to have an
indirect beneficial ownership of all the shares of Common Stock beneficially
owned by Starboard Value & Opportunity Fund, LLC.
Each of Messrs. Cohen, Stark, Solomon and Strauss shares voting and dispositive
power with respect to both the 604,453 shares of Common Stock owned by Parche,
LLC and the 3,173,383 shares of Common Stock owned by Starboard Value &
Opportunity Fund, LLC by virtue of their status as joint managing members of C4S
& Co., LLC, the Managing Member of Ramius Capital Group, LLC, which in turn is
the Managing Member of Admiral Advisors, LLC, which is the Managing Member of
both Parche, LLC and Starboard Value & Opportunity Fund, LLC.
Messrs. Cohen, Stark, Solomon, and Strauss, C4S & Co., LLC, Ramius Capital
Group, LLC and Admiral Advisors, LLC each disclaim beneficial ownership of the
shares of the Issuer's Common Stock held of record by Parche, LLC and Starboard
Value & Opportunity Fund, LLC, and the filing of this Schedule 13D shall not be
construed as an admission that any such person is the beneficial owner of any
such securities.
To the best knowledge of the Reporting Persons, none of the persons or entities
listed in Item 2 beneficially owns any other shares of the Company. Each of the
Reporting Persons disclaims beneficial ownership of shares of Common Stock
solely as a result of Rule 13d-5(b)(1) under the Securities Exchange Act of
1934, as amended.
(c) The trading dates, number of shares of Common Stock purchased or sold and
the price per share for all transactions by the Reporting Persons in the Common
Stock within the last sixty days, which were all in the open market, are set
forth in Schedule and are incorporated by reference.
(d) Not applicable
(e) Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Not applicable
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1: Agreement to Jointly File Schedule 13D.
Exhibit 2: Letter from Mitchell-Wright Technology Group, LLC to Bob Burke
dated August 18, 2004.
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--------------------------------------------------------------------------------
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.
August 24, 2004 SSH Partners I, LP
By: Mitchell-Wright Technology Group, LLC, its
General Partner
/s/ James Dennedy
------------------------------------------------
By: James Dennedy
Managing Member
August 24, 2004 Mitchell-Wright Technology Group, LLC
By: Mitchell-Wright, LLC, its Managing Member
/s/ James Dennedy
------------------------------------------------
By: James Dennedy
Managing Member
August 24, 2004 Mitchell-Wright, LLC
/s/ James Dennedy
------------------------------------------------
By: James Dennedy
Managing Member
August 24, 2004 /s/ James Dennedy
------------------------------------------------
James Dennedy
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August 24, 2004 Arcadia Partners, L.P.
By: Arcadia Capital Management, LLC, its
General Partner
/s/ Richard Rofe
------------------------------------------------
By: Richard Rofe
Member
August 24, 2004 Arcadia Capital Management, LLC
/s/ Richard Rofe
------------------------------------------------
By: Richard Rofe
Member
August 24, 2004 /s/ Richard Rofe
------------------------------------------------
Richard Rofe
August 24, 2004 Parche, LLC
By: Admiral Advisors, LLC, its managing member
/s/ Jeffrey M. Solomon
------------------------------------------------
By: Jeffrey M. Solomon
Authorized Signatory
August 24, 2004 Starboard Value & Opportunity Fund, LLC
By: Admiral Advisors, LLC, its managing member
/s/ Jeffrey M. Solomon
------------------------------------------------
By: Jeffrey M. Solomon
Authorized Signatory
-24-
August 24, 2004 Ramius Capital Group, LLC
By: C4S & Co., LLC, its Managing Member
/s/ Jeffrey M. Solomon
------------------------------------------------
By: Jeffrey M. Solomon
Authorized Signatory
August 24, 2004 C4S & Co., LLC
/s/ Jeffrey M. Solomon
------------------------------------------------
By: Jeffrey M. Solomon
Authorized Signatory
August 24, 2004 /s/ Peter A. Cohen
------------------------------------------------
Peter A. Cohen
August 24, 2004 /s/ Morgan B. Stark
------------------------------------------------
Morgan B. Stark
August 24, 2004 /s/ Jeffrey M. Solomon
------------------------------------------------
Jeffrey M. Solomon
August 24, 2004 /s/ Thomas W. Strauss
------------------------------------------------
Thomas W. Strauss
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SCHEDULE
This schedule sets forth information with respect to each purchase of Common
Stock which was effectuated by a Reporting Person during the past 60 days. All
transactions were effectuated in the open market through a broker.
SSH Partners I, LP
------------------
Number of Shares
Date Purchased/(Sold) Price Per Share(1)
---- ---------------- ------------------
8/11/2004 25,000 $ 0.82
Parche, LLC
-----------
Number of Shares
Date Purchased/(Sold) Price Per Share(1)
---- ---------------- ------------------
8/12/2004 13,428 $ 0.76
8/12/2004 501,021 $ 0.70
8/12/2004 11,392 $ 0.79
8/16/2004 11,360 $ 0.77
8/17/2004 4,000 $ 0.80
8/17/2004 7,152 $ 0.81
8/18/2004 12,016 $ 0.88
8/19/2004 33,256 $ 0.94
8/20/2004 10,828 $ 0.95
Starboard Value and Opportunity Fund, LLC
-----------------------------------------
Number of Shares
Date Purchased/(Sold) Price Per Share(1)
---- ---------------- ------------------
7/2/2004 193,704 $ 1.06
7/2/2004 140,514 $ 1.04
7/6/2004 16,800 $ 1.07
7/6/2004 15,490 $ 1.08
7/7/2004 31,500 $ 1.06
7/7/2004 84,634 $ 1.08
7/8/2004 84,000 $ 1.06
7/8/2004 70,021 $ 1.07
7/9/2004 42,000 $ 1.10
7/9/2004 5,796 $ 1.09
7/12/2004 42,000 $ 1.06
7/12/2004 6,539 $ 1.08
7/13/2004 23,273 $ 1.07
7/14/2004 40,337 $ 1.07
7/14/2004 25,200 $ 1.07
7/15/2004 21,000 $ 1.07
7/16/2004 63,000 $ 1.09
7/16/2004 1,035 $ 1.08
7/19/2004 47,488 $ 1.05
7/20/2004 54,524 $ 1.04
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7/21/2004 82,354 $ 1.02
7/22/2004 195,216 $ 1.01
7/23/2004 52,080 $ 1.03
7/26/2004 23,411 $ 1.01
7/27/2004 84,000 $ 1.00
7/27/2004 126,000 $ 0.98
7/28/2004 23,100 $ 0.93
7/28/2004 10,878 $ 0.92
7/28/2004 31,080 $ 0.95
7/29/2004 6,720 $ 0.93
7/30/2004 4,200 $ 0.91
7/30/2004 73,920 $ 0.91
8/2/2004 25,200 $ 0.89
8/3/2004 22,680 $ 0.88
8/4/2004 39,639 $ 0.90
8/5/2004 590,520 $ 0.93
8/5/2004 15,120 $ 0.91
8/6/2004 23,184 $ 0.91
8/9/2004 6,880 $ 0.89
8/1/2004 (73,920) $ 0.91
8/1/2004 73,920 $ 0.91
8/10/2004 29,929 $ 0.90
8/11/2004 155,400 $ 0.82
8/12/2004 70,499 $ 0.76
8/12/2004 59,808 $ 0.79
8/16/2004 59,640 $ 0.77
8/17/2004 21,000 $ 0.80
8/17/2004 37,548 $ 0.81
8/18/2004 63,084 $ 0.88
8/19/2004 174,591 $ 0.94
8/20/2004 56,847 $ 0.95
Arcadia Partners, LP
--------------------
Number of Shares
Date Purchased/(Sold) Price Per Share(1)
---- ---------------- ------------------
7/7/2004 10,300 $ 1.06
7/8/2004 4,700 $ 1.05
8/9/2004 2,500 $ 0.89
8/10/2004 2,477 $ 0.89
8/16/2004 6,500 $ 0.78
Richard Rofe
------------
Number of Shares
Date Purchased/(Sold) Price Per Share(1)
---- ---------------- ------------------
6/18/2004 600 $ 1.26
6/18/2004 600 $ 1.26
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6/18/2004 600 $ 1.26
6/18/2004 700 $ 1.26
6/18/2004 600 $ 1.26
6/23/2004 (100) $ 1.28
6/23/2004 (700) $ 1.28
6/23/2004 (300) $ 1.28
6/24/2004 (1,500) $ 1.28
6/24/2004 (700) $ 1.28
6/24/2004 (300) $ 1.28
7/7/2004 3,900 $ 1.05
7/7/2004 4,100 $ 1.05
7/7/2004 400 $ 1.05
7/7/2004 500 $ 1.05
7/7/2004 200 $ 1.05
7/7/2004 100 $ 1.05
7/7/2004 100 $ 1.05
7/7/2004 100 $ 1.05
7/7/2004 200 $ 1.05
7/7/2004 100 $ 1.05
7/7/2004 100 $ 1.05
7/7/2004 200 $ 1.05
7/7/2004 100 $ 1.05
7/7/2004 100 $ 1.05
7/7/2004 800 $ 1.05
7/7/2004 1,000 $ 1.05
7/7/2004 200 $ 1.04
7/7/2004 100 $ 1.04
7/7/2004 100 $ 1.04
7/7/2004 100 $ 1.04
7/7/2004 500 $ 1.05
7/8/2004 2,763 $ 1.05
7/8/2004 100 $ 1.05
7/8/2004 2,137 $ 1.05
7/23/2004 100 $ 0.98
7/29/2004 4,900 $ 0.93
8/2/2004 4,000 $ 0.88
8/2/2004 100 $ 0.88
8/2/2004 100 $ 0.88
8/2/2004 800 $ 0.88
8/9/2004 345 $ 0.88
8/9/2004 1,000 $ 0.88
8/9/2004 100 $ 0.88
8/9/2004 100 $ 0.88
8/9/2004 100 $ 0.88
8/9/2004 500 $ 0.88
8/9/2004 300 $ 0.88
8/9/2004 700 $ 0.88
8/9/2004 500 $ 0.88
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8/9/2004 500 $ 0.88
8/9/2004 400 $ 0.88
8/9/2004 100 $ 0.88
8/9/2004 355 $ 0.88
8/9/2004 5,000 $ 0.89
8/13/2004 500 $ 0.73
8/13/2004 67 $ 0.73
8/13/2004 1,100 $ 0.73
8/13/2004 1,000 $ 0.73
8/13/2004 1,500 $ 0.73
8/13/2004 200 $ 0.73
8/13/2004 1,133 $ 0.73
8/18/2004 800 $ 0.89
8/18/2004 100 $ 0.89
8/18/2004 2,700 $ 0.89
8/18/2004 300 $ 0.89
8/18/2004 600 $ 0.89
8/20/2004 100 $ 0.90
8/20/2004 100 $ 0.90
8/20/2004 100 $ 0.90
8/20/2004 100 $ 0.90
8/20/2004 100 $ 0.89
(1) Excludes commissions and other execution-related costs.
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