------------------------------
OMB APPROVAL
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OMB Number: 3235-0145
Expires: October 31, 2002
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------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Section 240.13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO SECTION 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
SECTION 240.13d-2(a)
(Amendment No. 1)1
Arch Capital Group Ltd.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Shares, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
G0450A105
--------------------------------------------------------------------------------
(CUSIP Number)
Mark C. Wehrly
Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(415) 421-2132
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 28, 2002
--------------------------------------------------------------------------------
(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 Sections 240.13d-1(e), 13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Section
240.13d-7 for other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 36 Pages
Exhibit Index Found on Page 35
--------
1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("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).
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, is a beneficial owner only of the securities
reported by it on this cover page. [See Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
WC, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,053,634 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,053,634 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,053,634 [See Preliminary Note]
-------------===================================================================
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 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 2 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, is a beneficial owner only of the securities
reported by it on this cover page. [See Preliminary Note]
-------------===================================================================
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
California
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 284,804 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
284,804 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
284,804 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 3 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, is a beneficial owner only of the securities
reported by it on this cover page. [See Preliminary Note]
-------------===================================================================
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 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 239,739 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
239,739 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
239,739 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 4 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, is a beneficial owner only of the securities
reported by it on this cover page. [See Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
WC, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 44,200 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
44,200 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,200 [See Preliminary Note]
-------------===================================================================
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 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 5 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
RR Capital Partners, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, is a beneficial owner only of the securities
reported by it on this cover page. [See Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
WC, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 26,902 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
26,902 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,902 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 6 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 282,000 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
282,000 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
282,000 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IA, OO
-------------===================================================================
Page 7 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Partners, L.L.C.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF
-------------===================================================================
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 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,649,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,649,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,649,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------===================================================================
Page 8 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Enrique H. Boilini
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 9 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 10 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Downes
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 11 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 12 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew B. Fremder
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 13 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 14 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Monica R. Landry
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 15 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 16 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 17 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 18 of 36 Pages
13D
===================
CUSIP No. G0450A105
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mark C. Wehrly
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing beneficially own an
aggregate of 1,931,279 Common Shares, which is 7.7% of the
class of securities. The reporting person on this cover
page, however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See
Preliminary Note]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,931,279 [See Preliminary Note]
------------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,931,279 [See Preliminary Note]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,279 [See Preliminary Note]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7 % [See Preliminary Note]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 19 of 36 Pages
This Amendment No. 1 to Schedule 13D amends the Schedule 13D initially
filed on April 12, 2002 (collectively, with all amendments thereto, the
"Schedule 13D"). Preliminary Note: As reported in the Schedule 13D, the
Reporting Persons (as defined below) are filing this Schedule 13D with respect
to the Common Shares, par value $0.01 per share (the "Common Shares"), of Arch
Capital Group Ltd. (the "Company"). Certain of the Reporting Persons own, in
aggregate, 609,800 Common Shares. In addition, certain of the Reporting Persons
own, in aggregate, (i) 1,197,781 Series A Convertible Preference Shares (the
"Preference A Shares") issued by the Company, each Preference A Share
immediately convertible to one Common Share and (ii) 123,698 Class A Warrants
(the "Warrants") issued by the Company to purchase 123,698 Common Shares. If all
of such Preference A Shares and Warrants were converted and exercised, the
Reporting Persons would own, in aggregate, an additional 1,321,479 Common
Shares. The Reporting Persons are filing this amendment to the Schedule 13D to
report the acquisition of Common Shares and Preference A Shares. All numbers and
percentages contained in this Schedule 13D amendment represent Common Shares and
not Preference A Shares or Warrants (unless stated otherwise). For information
regarding the Warrants and Preference A Shares, see the Company's Prospectus
Supplement dated April 3, 2002 and the Schedule 13D filed by the Reporting
Persons on April 12, 2002.
Item 2. Identity And Background.
------ -----------------------
Item 2 of the Schedule 13D is amended and restated in its entirety as
follows:
(a) This statement is filed by the entities and persons listed below, all
of whom together are referred to herein as the "Reporting Persons."
The Partnerships
----------------
Page 20 of 36 Pages
(i) Farallon Capital Partners, L.P., a California limited partnership
("FCP"), with respect to the Common Shares beneficially owned by
it (through its ownership of Common Shares, Preference A Shares
and Warrants);
(ii) Farallon Capital Institutional Partners II, L.P., a California
limited partnership ("FCIP II"), with respect to the Common
Shares beneficially owned by it (through its ownership of Common
Shares, Preference A Shares and Warrants);
(iii)Farallon Capital Institutional Partners III, L.P., a Delaware
limited partnership ("FCIP III"), with respect to the Common
Shares beneficially owned by it (through its ownership of Common
Shares, Preference A Shares and Warrants);
(iv) Tinicum Partners, L.P., a New York limited partnership
("Tinicum"), with respect to the Common Shares beneficially owned
by it; and
(v) RR Capital Partners, L.P., a Delaware limited partnership ("RR"),
with respect to the Common Shares beneficially owned by it
(through its ownership of Preference A Shares and Warrants).
FCP, FCIP II, FCIP III, Tinicum and RR are together referred to herein as
the "Partnerships."
The Management Company
----------------------
(vi) Farallon Capital Management, L.L.C., a Delaware limited liability
company (the "Management Company"), with respect to the Common
Shares beneficially owned by certain accounts managed by the
Management Company (the "Managed Accounts").
The General Partner Of The Partnerships
---------------------------------------
(vii)Farallon Partners, L.L.C., a Delaware limited liability company
which is the general partner of each of the Partnerships (the
"General Partner"), with respect to the Common Shares
beneficially owned by each of the Partnerships (through their
ownership of Common Shares, Preference A Shares and Warrants).
The Managing Members Of The General Partner And The Management Company
----------------------------------------------------------------------
(viii) The following eleven persons who are managing members of both
the General Partner and the Management Company, with respect to
the Common Shares beneficially owned by the Partnerships and the
Managed Accounts: Enrique H. Boilini ("Boilini"), David I. Cohen
("Cohen"), Joseph F. Downes ("Downes"), William F. Duhamel
("Duhamel"), Andrew B. Fremder ("Fremder"), Richard B. Fried
("Fried"), Monica R. Landry ("Landry"), William F. Mellin
("Mellin"),
Page 21 of 36 Pages
Stephen L. Millham ("Millham"), Thomas F. Steyer ("Steyer") and
Mark C. Wehrly ("Wehrly").
Boilini, Cohen, Downes, Duhamel, Fremder, Fried, Landry, Mellin, Millham,
Steyer and Wehrly are together referred to herein as the "Individual Reporting
Persons."
(b) The address of the principal business and principal office of (i) the
Partnerships, the General Partner and the Management Company is One Maritime
Plaza, Suite 1325, San Francisco, California 94111 and (ii) each of the
Individual Reporting Persons is set forth in Annex 1 hereto.
(c) The principal business of each of the Partnerships is that of a private
investment fund engaging in the purchase and sale of investments for its own
account. The principal business of the General Partner is to act as the general
partner of the Partnerships. The principal business of the Management Company is
that of a registered investment adviser. The principal business of each of the
Individual Reporting Persons is set forth in Annex 1 hereto.
(d) None of the Partnerships, the Management Company, the General Partner
or any of the Individual Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Partnerships, the Management Company, the General Partner
or any of the Individual Reporting Persons has, during the last five years, been
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.
(f) The citizenship of each of the Partnerships, the General Partner and
the Management Company is set forth above. Each of the Individual Reporting
Persons is a United States citizen.
The other information required by Item 2 relating to the identity and
background of the Reporting Persons is set forth in Annex 1 hereto.
Page 22 of 36 Pages
Item 3. Source And Amount Of Funds And Other Consideration.
------ --------------------------------------------------
Item 3 of the Schedule 13D is amended and updated as the following:
The net investment cost (including commissions) for the Common Shares
beneficially owned by each of the Partnerships and Managed Accounts is set forth
below:
Entity Common Shares Held Approximate Net Investment Cost
------ ------------------ -------------------------------
FCP 135,800 $ 3,719,841.00
FCIP II 74,900 $ 1,951,091.00
FCIP III 72,900 $ 1,895,115.00
Tinicum 44,200 $ 1,140,681.00
Managed
Accounts 282,000 $ 7,743,320.00
Approximate Aggregate
Entity Preference A Shares Held Warrants Held Net Investment Cost 2
------ ------------------------ ------------- --------------------
FCP 831,919 85,915 $ 17,385,786.00
FCIP II 190,256 19,648 $ 3,976,067.00
FCIP III 151,222 15,617 $ 3,160,299.00
RR 24,384 2,518 $ 509,588.00
The consideration for such acquisitions was obtained as follows: (i) with
respect to RR, FCIP II and FCIP III, from working capital; (ii) with respect to
FCP and Tinicum, from working capital, and/or from borrowings pursuant to margin
accounts maintained in the ordinary course of business by FCP and Tinicum at
Goldman, Sachs & Co.; and (iii) with respect to the Managed Accounts, from the
working capital of each Managed Account and/or from borrowings pursuant to
margin accounts maintained in the ordinary course of business by some of the
Managed Accounts at Goldman, Sachs & Co. FCP, Tinicum and some of the Managed
Accounts hold certain securities in their respective
--------
2 On July 29, 2002, certain of the Reporting Persons received additional
Preference A Shares from the Company as a "purchase price adjustment" pursuant
to Section B of the Subscription Agreement. (See Item 4 of the Schedule 13D
filed by the Reporting Persons on April 12, 2002 for further information
regarding the Subscription Agreement.) No additional consideration was paid by
the Reporting Persons for such shares.
Page 23 of 36 Pages
margin accounts at Goldman, Sachs & Co., and the accounts may from time to time
have debit balances. It is not possible to determine the amount of borrowings,
if any, used to acquire the Common Shares.
Item 5. Interest In Securities Of The Issuer.
------- ------------------------------------
Item 5 of the Schedule 13D is amended and restated in its entirety as
follows:
(a) The Partnerships
----------------
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for each Partnership is incorporated herein by
reference for each such Partnership. The percentage amount set
forth in Row 13 for all cover pages filed herewith is calculated
based upon the sum of (i) the 23,795,740 Common Shares
outstanding as of June 30, 2002 as reported by the Company in its
Quarterly Reported on Form 10-Q for the period ended June 30,
2002 as filed with Securities and Exchange Commission on August
14, 2002 and (ii) the additional Common Shares each Partnership
is deemed to own through its ownership of Preference A Shares
and/or Warrants.
(c) The trade dates, number of Common Shares and Preference A Shares
purchased or sold and the price per Common Share or Preference A
Shares, (including commissions), as applicable, for all purchases
and sales by the Partnerships in the past 60 days are set forth
on Schedules A-D hereto and are incorporated herein by reference.
All of such transactions in Common Shares were open-market
transactions. All of such transactions in Preference A Shares
were private transactions.
(d) The General Partner has the power to direct the affairs of the
Partnerships, including the disposition of the proceeds of the
sale of the Common Shares, Preference A Shares and Warrants. The
Individual Reporting Persons are managing members of the General
Partner.
(e) Not applicable.
(b) The Management Company
----------------------
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for the Management Company is incorporated herein by
reference.
(c) The trade dates, number of Common Shares purchased or sold and
the price per Common Share (including commissions) for all
purchases and sales by the Management Company on behalf of the
Managed Accounts in the past 60 days
Page 24 of 36 Pages
are set forth on Schedule E hereto and are incorporated herein by
reference. All of such transactions were purchased in open-market
transactions.
(d) The Management Company, as an investment adviser, has the power
to direct the disposition of the proceeds of the sale of the
Common Shares beneficially owned by the Managed Accounts. The
Individual Reporting Persons are managing members of the
Management Company.
(e) Not applicable.
(c) The General Partner
-------------------
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for the General Partner is incorporated herein by
reference.
(c) None.
(d) The General Partner has the power to direct the affairs of the
Partnerships, in cluding the disposition of the proceeds of the
sale of the Common Shares, Preference A Shares and Warrants. The
Individual Reporting Persons are managing members of the General
Partner.
(e) Not applicable.
(d) The Individual Reporting Persons
--------------------------------
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for each Individual Reporting Person is incorporated
herein by reference for each such Individual Reporting Person.
(c) None.
(d) The General Partner has the power to direct the affairs of the
Partnerships, in cluding the disposition of the proceeds of the
sale of the Common Shares, Preference A Shares and Warrants. The
Management Company, as an invest ment adviser, has the power to
direct the disposition of the proceeds of the sale of the Common
Shares beneficially owned by the Managed Accounts. The Individual
Reporting Persons are managing members of the General Partner.
The Individual Reporting Persons are managing members of the
Management Company.
(e) Not applicable.
The Common Shares reported hereby for the Partnerships are owned directly
by the Partnerships and those reported by the Management Company on behalf of
the Managed Accounts are owned
Page 25 of 36 Pages
directly by the Managed Accounts, except for RR which owns its Common Shares
beneficially through its ownership of Preference A Shares and Warrants. The
Preference A Shares and the Warrants in respect of which each Partnership is
deemed to beneficially own Common Shares are owned directly by each Partnership.
The General Partner, as general partner to the Partnerships, may be deemed to be
the beneficial owner of all such Common Shares beneficially owned by the
Partnerships. The Management Company, as investment adviser to the Managed
Accounts, may be deemed to be the beneficial owner of all such Common Shares
beneficially owned by the Managed Accounts. The Individual Reporting Persons, as
managing members of both the General Partner and the Management Company, may
each be deemed to be the beneficial owner of all such Common Shares beneficially
owned by the Partnerships and the Managed Accounts. Each of the Management
Company, the General Partner and the Individual Reporting Persons hereby
disclaims any beneficial ownership of any such Common Shares.
Item 7. Materials To Be Filed As Exhibits.
------ ---------------------------------
There is filed herewith as Exhibit 1 a written agreement relating to the
filing of joint acquisition statements as required by Section 240.13d-1(k) under
the Securities Exchange Act of 1934, as amended.
Page 26 of 36 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: September 6, 2002
/s/ Joseph F. Downes
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P.,
And RR CAPITAL PARTNERS, L.P.,
By Joseph F. Downes,
Managing Member
/s/ Joseph F. Downes
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.,
By Joseph F. Downes,
Managing Member
/s/ Joseph F. Downes
----------------------------------------
Joseph F. Downes, individually and as attorney-in-fact
for each of Enrique H. Boilini, David I. Cohen,
William F. Duhamel, Andrew B. Fremder, Monica R. Landry
Richard B. Fried, William F. Mellin,
Stephen L. Millham, Thomas F. Steyer and Mark C. Wehrly.
The Powers of Attorney, each executed by Boilini, Cohen, Fremder, Mellin,
Millham and Steyer authorizing Downes to sign and file this Schedule 13D on each
person's behalf, which were filed with Amendment No. 1 to the Schedule 13D filed
with the Securities and Exchange Commission on January 20, 1998, by such
Reporting Persons with respect to the Units of Spiros Development Corporation
II, Inc., are hereby incorporated by reference. The Powers of Attorney, each
executed by Duhamel and Fried authorizing Downes to sign and file this Schedule
13D on each person's behalf, which were filed with Amendment No. 7 to the
Schedule 13D filed with the Securities and Exchange Commission on February 9,
1999 by such Reporting Persons with respect to the Callable Class A Common Stock
of Crescendo Pharmaceuticals Corporation, are hereby incorporated by reference.
The Power of Attorney executed by Mark C. Wehrly authorizing Downes to sign and
file this Schedule 13D on his behalf, which was filed with Amendment No. 4 to
the Schedule 13D filed with the Securities and Exchange Commission on January
18, 2000, by such Reporting Person with respect to the Class A Common Stock of
Momentum Business Applications, Inc., is hereby incorporated by reference. The
Power of Attorney executed by Monica R. Landry authorizing Downes to sign and
file this Schedule 13D on her behalf, which was filed with the Schedule 13G
filed with the Securities and Exchange Commission on January 22, 2001, by such
Reporting Person with respect to the Common Stock of Korn/Ferry International,
is hereby incorporated by reference.
Page 26 of 36 Pages
ANNEX 1
Set forth below with respect to the Management Company and the General
Partner is the following information: (a) name; (b) address; (c) principal
business; (d) state of organization; and (e) controlling persons. Set forth
below with respect to each managing member of the Management Company and the
General Partner is the following: (a) name; (b) business address; (c) principal
occupation; and (d) citizenship.
1. The Management Company
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as investment adviser to various managed accounts
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F.
Duhamel, Andrew B. Fremder, Richard B. Fried, Monica R. Landry,
William F. Mellin, Stephen L. Millham and Mark C. Wehrly,
Managing Members.
2. The General Partner
-------------------
(a) Farallon Partners, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as general partner to investment partnerships
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F.
Duhamel, Fleur E. Fairman, Andrew B. Fremder, Richard B. Fried,
Monica R. Landry, William F. Mellin, Stephen L. Millham and Mark
C. Wehrly, Managing Members.
3. The Individual Reporting Persons/The Managing Members
-----------------------------------------------------
Except as stated below, each of the Managing Members (including the
Individual Reporting Persons) is a United States citizen whose
business address is c/o Farallon Capital Management, L.L.C., One
Maritime Plaza, Suite 1325, San Francisco, California 94111. Enrique
H. Boilini's business address is c/o Farallon Capital Management,
L.L.C., 75 Holly Hill Lane, Greenwich, Connecticut 06830. The
principal occupation of Thomas F. Steyer is serving as senior managing
member of the Management Company and the General Partner. The
principal occupation of each other Managing Member is serving as a
managing member of the Management Company and/or the General Partner.
None of the Managing Members (including the Individual Reporting
Persons) have any additional information to disclose with respect to
Items 2-6 of the Schedule 13D that is not already disclosed in the
Schedule 13D.
Page 28 of 36 Pages
SCHEDULE A
----------
FARALLON CAPITAL PARTNERS, L.P.
-------------------------------
NO. OF COMMON SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- -----------
08/15/02 2,100(P) $27.54
08/16/02 1,500(P) $27.55
08/19/02 6,700(P) $27.54
08/20/02 27,600(P) $28.04
08/23/02 26,200(P) $28.04
08/28/02 22,000(P) $28.04
08/29/02 8,200(P) $28.01
NO. OF PREFERENCE A SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- -----------
07/29/02 19,926(P) $24.72(*)
(*) As reported in Item 3 above, these Preference A Shares were received by
the Reporting Person as a Purchase Price Adjustment to the original purchase of
the Reporting Person's Preference A Shares. No additional consideration was paid
by the Reporting Person for such July 29, 2002 acquisition. If the original
purchase price paid for all Preference A Shares were divided equally among all
Preference A Shares now held, the per Share purchase price is $24.72.
Page 29 of 36 Pages
SCHEDULE B
----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.
-------------------------------------------------
NO. OF COMMON SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- -----------
08/15/02 400(P) $27.54
08/16/02 300(P) $27.55
08/19/02 1,100(P) $27.54
08/20/02 4,800(P) $28.04
08/23/02 4,200(P) $28.04
08/28/02 3,800(P) $28.04
08/29/02 1,400(P) $28.02
NO. OF PREFERENCE A SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- -----------
07/29/02 4,556(P) $24.72 (*)
(*) As reported in Item 3 above, these Preference A Shares were received by
the Reporting Person as a Purchase Price Adjustment to the original purchase of
the Reporting Person's Preference A Shares. No additional consideration was paid
by the Reporting Person for such July 29, 2002 acquisition. If the original
purchase price paid for all Preference A Shares were divided equally among all
Preference A Shares now held, the per Share purchase price is $24.72.
Page 30 of 36 Pages
SCHEDULE C
----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.
------------------------------------------------
NO. OF COMMON SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- -----------
08/15/02 300(P) $27.54
08/16/02 300(P) $27.55
08/19/02 1,000(P) $27.54
08/20/02 4,100(P) $28.04
08/23/02 3,900(P) $28.04
08/28/02 3,200(P) $28.04
08/29/02 1,200(P) $28.02
NO. OF PREFERENCE A SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- -----------
07/29/02 3,622(P) $24.72 (*)
(*) As reported in Item 3 above, these Preference A Shares were received by
the Reporting Person as a Purchase Price Adjustment to the original purchase of
the Reporting Person's Preference A Shares. No additional consideration was paid
by the Reporting Person for such July 29, 2002 acquisition. If the original
purchase price paid for all Preference A Shares were divided equally among all
Preference A Shares now held, the per Share purchase is price $24.72.
Page 31 of 36 Pages
SCHEDULE D
----------
TINICUM PARTNERS, L.P.
----------------------
NO. OF COMMON SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- -----------
08/15/02 100(P) $27.54
08/16/02 100(P) $27.55
08/19/02 400(P) $27.54
08/20/02 1,400(P) $28.04
08/23/02 1,600(P) $28.04
08/28/02 1,100(P) $28.04
08/29/02 400(P) $28.02
Page 32 of 36 Pages
SCHEDULE E
----------
RR CAPITAL PARTNERS, L.P.
-------------------------
NO. OF PREFERENCE A SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- -----------
07/29/02 584(P) $24.72 (*)
(*) As reported in Item 3 above, these Preference A Shares were received by
the Reporting Person as a Purchase Price Adjustment to the original purchase of
the Reporting Person's Preference A Shares. No additional consideration was paid
by the Reporting Person for such July 29, 2002 acquisition. If the original
purchase price paid for all Preference A Shares were divided equally among all
Preference A Shares now held, the per Share purchase is price $24.72.
Page 33 of 36 Pages
SCHEDULE F
----------
FARALLON CAPITAL MANAGEMENT, L.L.C.
-----------------------------------
NO. OF COMMON SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- -----------
08/15/02 4,500(P) $27.54
08/16/02 2,900(P) $27.55
08/19/02 14,900(P) $27.54
08/20/02 61,000(P) $28.04
08/23/02 57,500(P) $28.04
08/28/02 47,100(P) $28.04
08/29/02 17,500(P) $28.02
Page 34 of 36 Pages
EXHIBIT INDEX
EXHIBIT 1 Joint Acquisition Statement Pursuant to Section
240.13d1(k)
Page 35 of 36 Pages
EXHIBIT 1
to
SCHEDULE 13D
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated: September 6, 2002
/s/ Joseph F. Downes
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P.,
And RR CAPITAL PARTNERS, L.P.,
By Joseph F. Downes,
Managing Member
/s/ Joseph F. Downes
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.,
By Joseph F. Downes,
Managing Member
/s/ Joseph F. Downes
----------------------------------------
Joseph F. Downes, individually and as attorney-in-fact
for each of Enrique H. Boilini, David I. Cohen,
William F. Duhamel, Andrew B. Fremder, Monica R. Landry,
Richard B. Fried, William F. Mellin,
Stephen L. Millham, Thomas F. Steyer and Mark C. Wehrly.
Page 36 of 36 Pages