I never would have suspected this extensive a list of note holders...
++++++++++++++++++++++++++++++++++++++++++++++++
SELLING SECURITYHOLDERS
We originally issued the notes in a private placement to the initial
purchasers, UBS Securities LLC and CIBC World Markets, on August 15, 2003. The
initial purchasers resold the notes to the purchasers, including the selling
securityholders listed below, in transfers exempt from registration pursuant to
Rule 144A of the Securities Act. Selling securityholders may offer and sell the
notes and the underlying common shares pursuant to this prospectus.
This prospectus has not been filed in respect of, and will not qualify,
any distribution of the notes, or underlying common shares, in any province or
territory of Canada.
The following table sets forth certain information concerning the
principal amount of notes beneficially owned and the number of common shares
issuable upon conversion of those notes that may be offered from time to time
under this prospectus by the selling securityholders named in the table. We
prepared this table based on the information supplied to us by the selling
securityholders named in the table and we have not sought to verify such
information. This table only reflects information regarding selling
securityholders who have provided us with such information. We expect that we
will update this table as we receive more information from holders of the notes
who have not yet provided us with their information. We will amend this
prospectus to include selling securityholders not named as of the date hereof or
supplement this prospectus to include information regarding certain transferees
of named selling securityholders in each case upon request and upon provision of
all required information to us. Information concerning the selling
securityholders may change from time to time and any changed information will be
set forth in supplements to this prospectus if and when necessary.
The number of common shares issuable on conversion of the notes shown in
the table below assumes conversion of the full amount of notes held by each
selling securityholder at an initial conversion rate of 56.1892 common shares
per $1,000 principal amount of notes. This conversion rate is subject to
adjustment in certain events. Accordingly, the number of conversion shares may
increase or decrease from time to time.
The percentages of common shares beneficially owned and being offered are
based on the number of our common shares that was outstanding as of December 31,
2003. Because the selling securityholders may offer all or some portion of the
notes or the common shares issuable on conversion of the notes pursuant to this
prospectus, we have assumed for purposes of the table below that the selling
securityholders will sell all of the notes and all of the common shares offered
by this prospectus pursuant to this prospectus. In addition, the selling
securityholders
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identified below may have sold, transferred or otherwise disposed of all or a
portion of their notes in transactions exempt from the registration requirements
of the Securities Act since the date on which they provided the information to
us regarding their holdings. As of December 31, 2003, we had $172,500,000 in
principal amount of the notes and 68,892,027 common shares outstanding.
Except for UBS Securities LLC, which acted as one of the placement
agents in the private placement of the notes, none of the selling
securityholders has, or within the past three years has had, any position,
office or other material relationship with us or any of our predecessors or
affiliates.
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PRINCIPAL AMOUNT OF NOTES NUMBER OF COMMON SHARES
----------------------------- ---------------------------------------------------------
COMMON
SHARES
COMMON BENEFICIALLY
SHARES OWNED PERCENTAGE OF
PERCENTAGE OF BENEFICIALLY COMMON FOLLOWING COMMON SHARES
BENEFICIALLY NOTES OWNED PRIOR SHARES THE OUTSTANDING
OWNED AND OUTSTANDING TO THE OFFERED Offering FOLLOWING THE
NAME(1) OFFERED HEREBY (%) CONVERSION(2) HEREBY (3) (4) OFFERING (%)
------- -------------- --- ------------- ---------- --- ------------
Advent Convertible Master (Cayman) LP. $12,739,000 7.4 -- 715,794 -- *
Alpha U.S. Sub Fund 4 LLC............. 506,000 * -- 28,431 -- *
American Aadvantage Funds............. 250,000 * -- 14,047 -- *
Argent Classic Convertible Arbitrage
Fund (Bermuda) Ltd.................. 7,200,000 4.2 -- 404,562 -- *
Argent Classic Convertible Arbitrage
Fund L.P............................ 3,200,000 1.9 -- 179,805 -- *
Aventis Pension Master Trust.......... 135,000 * -- 7,585 -- *
BP Amoco PLC Master Trust............. 894,000 * -- 50,233 -- *
BNP Paribas Equity Strategies, SNC.... 2,478,000 1.4 -- 139,236 -- *
Boilermaker-Blacksmith Pension Trust.. 730,000 * -- 41,018 -- *
CALAMOS(R) Global Convertible Fund -
CALAMOS(R) Investment Trust......... 330,000 * -- 18,542 -- *
CALAMOS(R) Convertible Growth and
Income Fund - CALAMOS(R) Investment
Trust............................... 10,000,000 5.8 -- 561,892 -- *
California Wellness Foundation, The... 215,000 * -- 12,080 -- *
CEMEX Pension Plan.................... 65,000 * -- 3,652 -- *
Chrysler Corporation Master
Retirement Trust(5)................. 615,000 * -- 34,556 --
City of Knoxville Pension System...... 155,000 * -- 8,709 -- *
CNA CA Master Account, L.P............ 3,250,000 1.9 -- 182,614
Coast Fund, L.P. The.................. 2,595,000 1.5 -- 145,810 -- *
Cockrell Foundation, The.............. 35,000 * -- 1,966 -- *
Context Convertible Arbitrage Fund, LP 600,000 * -- 33,713 -- *
Context Convertible Arbitrage
Offshore, Ltd....................... 1,650,000 * -- 92,712 -- *
CooperNeff Convertible Strategies
(Cayman) Master Fund, LP............ 2,592,000 1.5 -- 145,642 -- *
DBAG London........................... 13,250,000 7.7 -- 744,507 -- *
Delta Airlines Master Trust........... 750,000 * -- 42,141 -- *
Delta Airlines Master Trust - CV(5)... 270,000 * -- 15,171 -- *
Delta Pilots Disability and
Survivorship Trust.................. 215,000 * -- 12,080 -- *
Delta Pilots Disability &
Survivorship Trust - CV(5).......... 120,000 * -- 6,742 -- *
Dorinco Reinsurance Company........... 400,000 * -- 22,475 -- *
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PRINCIPAL AMOUNT OF NOTES NUMBER OF COMMON SHARES
----------------------------- ---------------------------------------------------------
COMMON
SHARES
COMMON BENEFICIALLY
SHARES OWNED PERCENTAGE OF
PERCENTAGE OF BENEFICIALLY COMMON FOLLOWING COMMON SHARES
BENEFICIALLY NOTES OWNED PRIOR SHARES THE OUTSTANDING
OWNED AND OUTSTANDING TO THE OFFERED Offering FOLLOWING THE
NAME(1) OFFERED HEREBY (%) CONVERSION(2) HEREBY (3) (4) OFFERING (%)
------- -------------- --- ------------- ---------- --- ------------
Dow Chemical Company Employees'
Retirement Plan, The................ 1,450,000 * -- 81,474 -- *
Drake Offshore Master Fund, Ltd. The.. 15,000,000 8.7 -- 842,838 -- *
Fondren Foundation, The............... 75,000 * -- 4,214 -- *
FrontPoint Convertible Arbitrage
Fund, L.P........................... 2,000,000 1.2 -- 112,378 -- *
Gaia Offshore Master Fund............. 3,340,000 1.9 -- 187,671 -- *
Genesys Regional Medical Center....... 150,000 * -- 8,428 -- *
Grace Convertible Arbitrage Fund, Ltd. 4,000,000 2.3 -- 224,756 -- *
Goldman, Sachs International.......... 21,000,000 12.2 -- 1,179,973 -- *
HFR Arbitrage Fund (ACM).............. 769,000 * -- 43,209 -- *
Highbridge International LLC.......... 5,000,000 2.9 -- 280,946 -- *
Hotel Union & Hotel Industry of
Hawaii Pension Plan................. 321,000 * -- 18,036 -- *
Jefferies & Company Inc............... 7,000 * -- 393 -- *
JMG Capital Partners, LP.............. 2,750,000 1.6 -- 154,520 -- *
JMG Triton Offshore Fund, Ltd......... 2,750,000 1.6 -- 154,520 -- *
KD Convertible Arbitrage Fund L.P..... 700,000 * -- 39,332 -- *
Knoxville Utilities Board Retirement
System.............................. 70,000 * -- 3,933 -- *
LDG Limited........................... 78,000 * -- 4,382 -- *
Lexington Vantage Fund
c/o TQA Investors, LLC.............. 20,000 * -- 1,123 -- *
Louisiana Workers' Compensation
Corporation......................... 180,000 * -- 10,114 -- *
Lyxor /Context Fund Ltd............... 250,000 * -- 14,047 -- *
Lyxor /Convertible Arbitrage Fund
Limited............................. 168,000 * -- 9,439 -- *
Lyxor /Gaia II Fund Ltd............... 835,000 * -- 46,917 -- *
Macomb County Employees' Retirement
System.............................. 150,000 * -- 8,428 -- *
Maystone Continuum Master Fund, Ltd... 4,000,000 2.3 -- 224,756 -- *
McMahan Securities Co. L.P............ 1,000,000 * -- 56,189 -- *
Microsoft Corporation(5).............. 460,000 * -- 25,847 -- *
MLQA Convertible Securities
Arbitrage Ltd....................... 5,000,000 2.9 -- 280,946 -- *
Motion Picture Industry Health Plan -
Active Member Fund(5)............... 65,000 * -- 3,652 -- *
Motion Picture Industry Health Plan -
Retiree Member Fund(5).............. 35,000 * -- 1,966 -- *
Munson Medical Center Retirement Plan. 70,000 * -- 3,933 -- *
Munson2 Healthcare Board Designated
Operating Fund...................... 50,000 * -- 2,809 -- *
National Bank of Canada c/o Putnam
Lovell NBF Securities, Inc.......... 5,500,000 3.2 -- 309,040 -- *
North Slope Borough................... 370,000 * -- 20,790 -- *
Oakwood Assurance Company............. 50,000 * -- 2,809 -- *
Oakwood Healthcare Inc. - OHP......... 10,000 * -- 561 -- *
Oakwood Healthcare Inc. (Pension)..... 150,000 * -- 8,428 -- *
Oakwood Healthcare Inc. Endowment .... 5,000 * -- 280 -- *
Oakwood Healthcare Inc. Funded
Depreciation........................ 80,000 * -- 4,495 -- *
OCM Convertible Trust(5).............. 685,000 * -- 38,489 -- *
Partner Reinsurance Company Ltd.(5)... 205,000 * -- 11,518 -- *
Performance Capital Group LLC......... 2,000,000 1.2 -- 112,378 -- *
Port Authority of Allegheny County
Retirement and Disability Allowance
Plan for the Employees Represented
by Local 85 of the Amalgamated
Transit Union....................... 350,000 * -- 19,666 -- *
Polaris Vega Fund L.P................. 100,000 * -- 5,618 --
Prism Foundation...................... 50,000 * -- 2,809 -- *
Qwest Occupational Health Trust(5).... 60,000 * -- 3,371 -- *
Radcliffe SPC, Ltd for and on behalf
of the Class A Convertible Crossover
Segregated Portfolio................ 6,250,000 3.6 -- 351,182 -- *
Oakwood Healthcare Inc. Funded
Depreciation........................ 80,000 * -- 4,495 -- *
Sphinx Convertible Arb Fund SPC....... 482,000 * -- 27,083 -- *
Sphinx Fund c/o TQA Investors, LLC.... 46,000 * -- 2,584 -- *
SPT................................... 1,000,000 * -- 56,189 -- *
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PRINCIPAL AMOUNT OF NOTES NUMBER OF COMMON SHARES
----------------------------- ---------------------------------------------------------
COMMON
SHARES
COMMON BENEFICIALLY
SHARES OWNED PERCENTAGE OF
PERCENTAGE OF BENEFICIALLY COMMON FOLLOWING COMMON SHARES
BENEFICIALLY NOTES OWNED PRIOR SHARES THE OUTSTANDING
OWNED AND OUTSTANDING TO THE OFFERED Offering FOLLOWING THE
NAME(1) OFFERED HEREBY (%) CONVERSION(2) HEREBY (3) (4) OFFERING (%)
------- -------------- --- ------------- ---------- --- ------------
SSI Blended Market Neutral L.P........ 642,000 * -- 36,073 -- *
SSI Hedged Convertible Market Neutral
L.P................................. 704,000 * -- 39,557 -- *
State Employees' Retirement Fund of
the State of Delaware(5)............ 270,000 * -- 15,171 -- *
Sturgeon Limited...................... 406,000 * -- 22,812 -- *
Sunrise Partners Limited Partnership.. 150,000 * -- 8,428 -- *
Tag Associates........................ 106,000 * -- 5,956 -- *
TQA Master Fund, Ltd.................. 785,000 * -- 44,108 -- *
TQA Master Plus Fund Ltd.............. 1,208,000 * -- 67,876 -- *
UBS Securities LLC.................... 2,845,000 1.6 -- 159,858 -- *
Union Carbide Retirement Account...... 630,000 * -- 35,399 -- *
United Food and Commercial Workers
Local 1262 and Employers Pension
Fund................................ 225,000 * -- 12,642 -- *
Univar USA Inc. Retirement Plan....... 160,000 * -- 8,990 -- *
Vanguard Convertible Securities Fund,
Inc.(5)............................. 2,675,000 1.6 -- 150,306 -- *
Viacom Inc. Pension Plan Master Trust. 30,000 * -- 1,685 -- *
Wachovia Bank National Association.... 150,000 * -- 8,428 -- *
Wachovia Capital Markets LLC.......... 2,000,000 1.2 -- 112,378 -- *
Xavex Convertible Arbitrage 10 Fund... 1,400,000 * -- 78,664 -- *
Xavex Convertible Arbitrage 7 Fund
c/o TQA Investors, LLC.............. 175,000 * -- 9,833 -- *
Zurich Institutional Benchmarks
Master Fund Ltd..................... 1,920,000 1.1 -- 107,883 -- *
Zurich Institutional Benchmarks
Master Fund Ltd. c/o TQA Investors,
LLC................................. 188,000 * -- 10,563 -- *
Any other holder of notes or future
transferee, pledgee, donee or
successor of any holder not named
herein(6)(7)........................ $ 1,376,000 * -- 77,316 -- *
------------
* Less than 1%
(1) Also includes any sale of the notes and the underlying common shares by
transferees, pledgees, donees or other successors in interest that
receive such securities by gift, partnership distribution or other
non-sale-related transfer from the named selling securityholders.
(2) Figures in this column do not include the common shares issuable on
conversion of the notes that are listed in the column entitled "Common
Shares Offered Hereby."
(3) Assumes conversion and sale of all of the holder's notes at a
conversion price of approximately $17.80 per common share. However,
this conversion price is subject to adjustment as described under
"Description of Notes - Conversion Rights." As a result, the amount of
common shares issuable on conversion of the notes may increase or
decrease in the future.
(4) Assumes sale, transfer or other disposition of all common shares
issuable on conversion of the notes.
(5) Represents shares held on behalf of institutional clients for which
Oaktree Capital Management LLC serves as the investment manager.
(6) Information about other selling securityholders will be set forth in
post-effective amendments to this prospectus, if required.
(7) Assumes that any other holders of notes, or any future transferees,
pledges, donees or successors of or from any such other holders of
notes, do not beneficially own any common shares other than the common
shares issuable on conversion of the notes at the initial conversion
rate.
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