juniper13d-011014.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

(Amendment No. ___)*

Juniper Networks, Inc.
(Name of Issuer)

Common Stock, par value $0.00001
(Title of Class of Securities)

48203R104
(CUSIP Number)

Stephen M. Schultz, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue, New York, New York 10176
Tel: (212) 986-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 7, 2014
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 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 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 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).



 
 

 

1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Elliott Associates, L.P.
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
 
(a)    [x]
 
(b)    [ ]
   
3.
SEC USE ONLY
   
4.
SOURCE OF FUNDS
   
 
WC
   
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)      [ ]
   
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
   
 
Delaware
   
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
   
7.
SOLE VOTING POWER
   
 
10,995,415*
   
8.
SHARED VOTING POWER
   
 
0
   
9.
SOLE DISPOSITIVE POWER
   
 
10,995,415*
   
10.
SHARED DISPOSITIVE POWER
   
 
0
   
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
10,995,415*
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES    [ ]
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
 
2.2%
   
14.
TYPE OF REPORTING PERSON
   
 
PN

*Includes 9,457,900 shares of Common Stock underlying options that are exercisable within 60 days of the date hereof.

 
 

 


1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Elliott International, L.P.
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
 
(a)    [x]
 
(b)    [ ]
   
3.
SEC USE ONLY
   
4.
SOURCE OF FUNDS
   
 
WC
   
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)      [ ]
   
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
   
 
Cayman Islands, British West Indies
   
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
   
7.
SOLE VOTING POWER
   
 
0
   
8.
SHARED VOTING POWER
   
 
20,420,185*
   
9.
SOLE DISPOSITIVE POWER
   
 
0
   
10.
SHARED DISPOSITIVE POWER
   
 
20,420,185*
   
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
20,420,185*
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES    [ ]
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
 
4.0%
   
14.
TYPE OF REPORTING PERSON
   
 
PN

*Includes 17,564,800 shares of Common Stock underlying options that are exercisable within 60 days of the date hereof.

 
 

 


1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Elliott International Capital Advisors Inc.
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
 
(a)    [x]
 
(b)    [ ]
   
3.
SEC USE ONLY
   
4.
SOURCE OF FUNDS
   
 
OO
   
5.
CHECK BOX 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 REPORTING PERSON WITH:
   
7.
SOLE VOTING POWER
   
 
0
   
8.
SHARED VOTING POWER
   
 
20,420,185*
   
9.
SOLE DISPOSITIVE POWER
   
 
0
   
10.
SHARED DISPOSITIVE POWER
   
 
20,420,185*
   
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
 
20,420,185*
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES    [ ]
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
 
4.0%
   
14.
TYPE OF REPORTING PERSON
   
 
CO

*Includes 17,564,800 shares of Common Stock underlying options that are exercisable within 60 days of the date hereof.

 
 

 

This Schedule 13D reflects the beneficial ownership of the Reporting Persons (as defined below) as of the close of business on January 10, 2014.

ITEM 1.                      Security and Issuer.

This statement relates to the shares of Common Stock, par value $0.00001 (the "Common Stock"), of Juniper Networks, Inc. (the "Issuer").  The Issuer's principal executive office is located at 1194 North Mathilda Avenue, Sunnyvale, California 94089.

ITEM 2.                      Identity and Background.

(a)-(c) This statement is being filed by Elliott Associates, L.P., a Delaware limited partnership, and its wholly-owned subsidiaries (collectively, "Elliott" or “we”), Elliott International, L.P., a Cayman Islands limited partnership ("Elliott International"), and Elliott International Capital Advisors Inc., a Delaware corporation ("EICA" and collectively with Elliott and Elliott International, the "Reporting Persons").  Paul E. Singer ("Singer"), Elliott Capital Advisors, L.P., a Delaware limited partnership ("Capital Advisors"), which is controlled by Singer, and Elliott Special GP, LLC, a Delaware limited liability company ("Special GP"), which is controlled by Singer, are the general partners of Elliott.  Hambledon, Inc., a Cayman Islands corporation ("Hambledon"), which is also controlled by Singer, is the sole general partner of Elliott International.  EICA is the investment manager for Elliott International.  EICA expressly disclaims equitable ownership of and pecuniary interest in any shares of Common Stock.

ELLIOTT

The business address of Elliott is 40 West 57th Street, New York, New York 10019.

The principal business of Elliott is to purchase, sell, trade and invest in securities.

SINGER

Singer's business address is 40 West 57th Street, New York, New York 10019.

Singer’s principal business is to serve as a general partner of Elliott and Capital Advisors, as the president of EICA, and as a managing member of Special GP.

CAPITAL ADVISORS

The business address of Capital Advisors is 40 West 57th Street, New York, New York 10019.

The principal business of Capital Advisors is the furnishing of investment advisory services.  Capital Advisors also serves as a managing member of Special GP.

The names, business addresses, and present principal occupation or employment of the general partners of Capital Advisors are as follows:

NAME
ADDRESS
OCCUPATION
 
Paul E. Singer
40 West 57th St.
New York, New York 10019
General partner of Elliott and Capital Advisors; President of EICA; and a managing member of Special GP
 
Braxton Associates, Inc.
40 West 57th St.
New York, New York 10019
The principal business of Braxton Associates, Inc. is serving as general partner of Capital Advisors
 
Elliott Asset Management LLC
40 West 57th St.
New York, New York 10019
General Partner of Capital Advisors

The name, business address, and present principal occupation or employment of the sole director and executive officer of Braxton Associates, Inc. are as follows:

NAME
ADDRESS
OCCUPATION
Paul E. Singer
40 West 57th St.
New York, New York 10019
General partner of Elliott and Capital Advisors and President of EICA

ELLIOTT SPECIAL GP, LLC

The business address of Special GP is 40 West 57th Street, New York, New York 10019.

The principal business of Special GP is serving as a general partner of Elliott.

The names, business address, and present principal occupation or employment of the managing members of Special GP are as follows:

NAME
ADDRESS
OCCUPATION
Paul E. Singer
40 West 57th St.
New York, New York 10019
General partner of Elliott and Capital Advisors; President of EICA; and a managing member of Special GP
 
Braxton Associates, Inc.
40 West 57th St.
New York, New York 10019
The principal business of Braxton Associates, Inc. is serving as general partner of Capital Advisors
 

Elliott Asset Management LLC
40 West 57th St.
New York, New York 10019
General Partner of Capital Advisors

ELLIOTT INTERNATIONAL

The business address of Elliott International is c/o Maples & Calder, P.O. Box 309, Ugland House, South Church Street, George Town, Cayman Islands, British West Indies.

The principal business of Elliott International is to purchase, sell, trade and invest in securities.

The name, business address, and present principal occupation or employment of the general partner of Elliott International is as follows:
 

 
 
 

 

NAME
ADDRESS
OCCUPATION
Hambledon, Inc.
c/o Maples & Calder
P.O. Box 309
Ugland House
South Church Street George Town, Cayman Islands
British West Indies
General partner of Elliott International
 
 
HAMBLEDON

The name, business address, and present principal occupation or employment of the sole director and executive officer of Hambledon are as follows:

 
NAME
ADDRESS
OCCUPATION
Paul E. Singer
40 West 57th St.
New York, New York 10019
General partner of Elliott and Capital Advisors; President of EICA; and a managing member of Special GP
    EICA

The business address of EICA is 40 West 57th Street New York, New York 10019.

The principal business of EICA is to act as investment manager for Elliott International.

The name, business address, and present principal occupation or employment of the sole director and executive officer of EICA is as follows:

NAME
ADDRESS
OCCUPATION
Paul E. Singer
40 West 57th St.
New York, New York 10019
General partner of Elliott and Capital Advisors; President of EICA; and a managing member of Special GP


(d) and (e) During the last five years, none of the persons or entities listed above has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) 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.

(f) Mr. Singer is a citizen of the United States of America.

ITEM 3.                      Source and Amount of Funds or Other Consideration.


Elliott Working Capital
$33,511,493
 
 
Elliott International
Working Capital
$95,747,125
 
 

ITEM 4.                      Purpose of Transaction.

Each of Elliott and Elliott International acquired the Common Stock beneficially owned by it in the ordinary course of its purchasing, selling and trading in securities.  EICA has acted as investment manager to Elliott International in connection with Elliott International’s acquisition of beneficial ownership of Common Stock.

Depending upon market conditions and other factors that it may deem material, each of Elliott and Elliott International may purchase shares of Common Stock and/or related securities or may dispose of all or a portion of the Common Stock or related securities that it now beneficially owns or may hereafter acquire and/or may enter into transactions that increase or hedge its economic exposure to the Common Stock without affecting its beneficial ownership.

Elliott believes that the Issuer is significantly undervalued and has expressed its views to the Issuer’s Board of Directors in a presentation that was sent to the Board of Directors on the date hereof.  The presentation is attached hereto as Exhibit 1.
 
No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein.  The Reporting Persons intend to review their investment in the Issuer on a continuing basis and may from time to time express their views to and/or meet with management, the Board of Directors of the Issuer, other shareholders or third parties, including, potential acquirers and financing sources, and/or formulate plans or proposals regarding the Issuer, its assets or its securities.  Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Common Stock, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may take positions or make proposals with respect to potential changes in the operations, management, the certificate of incorporation and bylaws, Board of Directors composition, ownership, capital structure, dividend policy, strategy and plans of the Issuer as a means of enhancing shareholder value or may change their intention with respect to any and all matters referred to in Item 4.  Such proposals or positions may include one or more plans that relate to or would result in any of the actions required to be reported herein.
 
 
 
 

 
 

ITEM 5.                      Interest in Securities of the Issuer.

(a)           The aggregate percentage of Shares reported owned by each person named herein is based upon 505,004,236 shares of Common Stock outstanding as of November 1, 2013, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2013.

Elliott individually beneficially owns 10,995,415 shares of Common Stock, including 9,457,900 shares of Common Stock underlying options that are exercisable within 60 days of the date hereof, constituting approximately 2.2% of all of the outstanding shares of Common Stock.

Elliott International and EICA beneficially own an aggregate of 20,420,185 shares of Common Stock, including 17,564,800 shares of Common Stock underlying options that are exercisable within 60 days of the date hereof, constituting approximately 4.0% of all of the outstanding shares of Common Stock.

Collectively, Elliott, Elliott International and EICA beneficially own 31,415,600 shares of Common Stock, including 27,022,700 shares of Common Stock underlying options that are exercisable within 60 days of the date hereof, constituting approximately 6.2% of all of the outstanding shares of Common Stock.

(b)           Elliott has the power to vote or direct the vote of, and to dispose or direct the disposition of, the shares of Common Stock owned directly by it.

Elliott International has the shared power with EICA to vote or direct the vote of, and to dispose or direct the disposition of, the shares of Common Stock owned directly by Elliott International.  Information regarding each of Elliott International and EICA is set forth in Item 2 of this Schedule 13D and is expressly incorporated by reference herein.

(c)           The transactions effected by the Reporting Persons in the Common Stock during the past sixty (60) days are set forth on Schedule 2 attached hereto.

(d)           No person other than Elliott has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by Elliott.

No person other than Elliott International and EICA has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by Elliott International and EICA.

(e)           Not applicable.

ITEM 6.                      Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Elliott has purchased from counterparties call options that carry the right to call from such counterparties up to 3,675,000 shares of Common Stock at a price of $10.00 per Share, if such right is exercised prior to or on February 22, 2014.

Elliott has purchased from counterparties call options that carry the right to call from such counterparties up to 2,632,900 shares of Common Stock at a price of $13.00 per Share, if such right is exercised prior to or on February 22, 2014.
 
Elliott has purchased from counterparties call options that carry the right to call from such counterparties up to 1,400,000 shares of Common Stock at a price of $13.00 per Share, if such right is exercised prior to or on March 22, 2014.
 
Elliott has purchased from counterparties call options that carry the right to call from such counterparties up to 1,750,000 shares of Common Stock at a price of $11.00 per Share, if such right is exercised prior to or on April 19, 2014.
 
Elliott International has purchased from counterparties call options that carry the right to call from such counterparties up to 6,825,000 shares of Common Stock at a price of $10.00 per Share, if such right is exercised prior to or on February 22, 2014.

Elliott International has purchased from counterparties call options that carry the right to call from such counterparties up to 4,889,800 shares of Common Stock at a price of $13.00 per Share, if such right is exercised prior to or on February 22, 2014.

Elliott International has purchased from counterparties call options that carry the right to call from such counterparties up to 2,600,000 shares of Common Stock at a price of $13.00 per Share, if such right is exercised prior to or on March 22, 2014.
 
Elliott International has purchased from counterparties call options that carry the right to call from such counterparties up to 3,250,000 shares of Common Stock at a price of $11.00 per Share, if such right is exercised prior to or on April 19, 2014.
 
Except as described above in this Item 6, none of the Reporting Persons has any contracts, arrangements, understandings or relationships with respect to the securities of the Issuer.

ITEM 7.                      Material to be Filed as Exhibits.

Schedule 1 - Joint Filing Agreement

Schedule 2 - Transactions of the Reporting Persons Effected During the Past 60 Days
 
Exhibit 1 - Elliott Management’s Perspectives

 



 
 

 


SIGNATURES

After reasonable inquiry and to the best of its knowledge and belief, the undersigned each certifies that the information with respect to it set forth in this statement is true, complete and correct.

Dated:  January 13, 2014

ELLIOTT ASSOCIATES, L.P.
By: Elliott Capital Advisors, L.P., as General Partner
By: Braxton Associates, Inc., as General Partner
 
       
       
 
By:
/s/ Elliot Greenberg
 
   
Elliot Greenberg,
 
   
Vice President
 
       
       
ELLIOTT INTERNATIONAL, L.P.
By: Elliott International Capital Advisors Inc.,
as Attorney-in-Fact
 
       
       
 
By:
/s/ Elliot Greenberg
 
   
Elliot Greenberg,
 
   
Vice President
 
       
       

ELLIOTT INTERNATIONAL CAPITAL ADVISORS INC.
 
       
By:
/s/ Elliot Greenberg
 
 
Elliot Greenberg,
 
 
Vice President
 



 
 

 


SCHEDULE 1

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13D with respect to the common stock of Juniper Networks, Inc. dated January 13, 2014 is, and any further amendments thereto signed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended.

Dated:  January 13, 2014

ELLIOTT ASSOCIATES, L.P.
By: Elliott Capital Advisors, L.P., as General Partner
By: Braxton Associates, Inc., as General Partner
 
       
       
 
By:
/s/ Elliot Greenberg
 
   
Elliot Greenberg,
 
   
Vice President
 
       
       
ELLIOTT INTERNATIONAL, L.P.
By: Elliott International Capital Advisors Inc.,
as Attorney-in-Fact
 
       
       
 
By:
/s/ Elliot Greenberg
 
   
Elliot Greenberg,
 
   
Vice President
 
       
       

ELLIOTT INTERNATIONAL CAPITAL ADVISORS INC.
 
       
By:
/s/ Elliot Greenberg
 
 
Elliot Greenberg,
 
 
Vice President
 

 

 
 

 

 
SCHEDULE 2

Transactions of the Reporting Persons Effected
During the Past 60 Days


The following transactions were effected by Elliott Associates, L.P. during the past sixty (60) days:

Date
Security
Amount of Shs.
Bought (Sold)
Approx. price ($) per Share ($)
(excl. commissions)
 
06-Jan-2014
Common Stock
70,000.000000
22.857100
06-Jan-2014
Common Stock
70,000.000000
22.670900
06-Jan-2014
Common Stock
70,000.000000
22.748900
03-Jan-2014
Common Stock
52,500.000000
22.660000
03-Jan-2014
Common Stock
52,500.000000
22.604800
02-Jan-2014
Common Stock
87,500.000000
22.600000
02-Jan-2014
Common Stock
17,500.000000
22.474800
02-Jan-2014
Common Stock
87,500.000000
22.471400
02-Jan-2014
Common Stock
122,500.000000
22.463300
12-Dec-2013
Common Stock
35,000.000000
20.970000
12-Dec-2013
Common Stock
47,201.000000
21.029200
12-Dec-2013
Common Stock
17,500.000000
21.053600
11-Dec-2013
Common Stock
35,000.000000
21.466100
11-Dec-2013
Common Stock
87,500.000000
21.559700
11-Dec-2013
Common Stock
35,000.000000
21.690000
11-Dec-2013
Common Stock
35,000.000000
21.665800
11-Dec-2013
Common Stock
87,500.000000
21.638700
11-Dec-2013
Common Stock
35,000.000000
21.569700
11-Dec-2013
Common Stock
56,000.000000
21.410800
11-Dec-2013
Common Stock
35,000.000000
21.675400
10-Dec-2013
Common Stock
17,500.000000
21.618400
10-Dec-2013
Common Stock
26,250.000000
21.592300
15-Nov-2013
Common Stock
(237,082.000000)
19.840000
15-Nov-2013
Common Stock
(287,000.000000)
19.840000
14-Nov-2013
Common Stock
35,000.000000
18.860000
14-Nov-2013
Common Stock
122,500.000000
19.041700
13-Nov-2013
Common Stock
59,500.000000
19.210500
13-Nov-2013
Common Stock
70,000.000000
19.386100

All of the above transactions were effected on the open market, except as otherwise noted.

The following transactions were effected by Elliott Associates, L.P. (through Liverpool) during the past sixty (60) days:

Date
Security
Amount of Shs.
Bought (Sold)
Approx. price ($) per Share ($)
(excl. commissions)
 
09-Dec-2013
Common Stock
194,417.000000
21.834000
06-Dec-2013
Common Stock
(1,575,000.000000)
21.670000
06-Dec-2013
Common Stock
140,000.000000
21.419900
06-Dec-2013
Common Stock
35,000.000000
21.430000
05-Dec-2013
Common Stock
37,351.000000
21.199700
05-Dec-2013
Common Stock
70,000.000000
21.344300
05-Dec-2013
Common Stock
43,750.000000
21.100000
04-Dec-2013
Common Stock
35,000.000000
20.869600
04-Dec-2013
Common Stock
70,000.000000
20.420000
04-Dec-2013
Common Stock
79,634.000000
20.696800
03-Dec-2013
Common Stock
27,550.000000
20.339600
02-Dec-2013
Common Stock
35,000.000000
20.327400
27-Nov-2013
Common Stock
595,000.000000
20.278800
27-Nov-2013
Common Stock
22,404.000000
20.277000
26-Nov-2013
Common Stock
26,250.000000
20.283100
26-Nov-2013
Common Stock
70,000.000000
20.340000
26-Nov-2013
Common Stock
26,250.000000
20.264800
26-Nov-2013
Common Stock
52,500.000000
20.319300
25-Nov-2013
Common Stock
70,000.000000
20.423800
22-Nov-2013
Common Stock
112,683.000000
20.489400
21-Nov-2013
Common Stock
15,275.000000
20.019900
21-Nov-2013
Common Stock
35,000.000000
19.950000
21-Nov-2013
Common Stock
35,000.000000
19.997200
20-Nov-2013
Common Stock
(1,750,000.000000)
19.910000
20-Nov-2013
Common Stock
35,000.000000
19.931300
20-Nov-2013
Common Stock
35,000.000000
19.865900
20-Nov-2013
Common Stock
46,168.000000
19.768700
20-Nov-2013
Common Stock
35,000.000000
19.790400
19-Nov-2013
Common Stock
55,096.000000
19.362400
19-Nov-2013
Common Stock
35,000.000000
19.380000
19-Nov-2013
Common Stock
87,500.000000
19.370000
19-Nov-2013
Common Stock
1,106,236.000000
19.261500
19-Nov-2013
Common Stock
262,500.000000
19.283300
18-Nov-2013
Common Stock
17,500.000000
19.725500
18-Nov-2013
Common Stock
122,500.000000
19.686400
15-Nov-2013
Common Stock
35,000.000000
19.858000
15-Nov-2013
Common Stock
9,328.000000
19.881100
15-Nov-2013
Common Stock
35,000.000000
19.886900
15-Nov-2013
Common Stock
70,000.000000
19.915700
15-Nov-2013
Common Stock
35,000.000000
19.846500
15-Nov-2013
Common Stock
(1,400,919.000000)
19.840000
15-Nov-2013
Common Stock
17,500.000000
19.890000
15-Nov-2013
Common Stock
70,000.000000
19.836000
14-Nov-2013
Common Stock
29,486.000000
19.272600
14-Nov-2013
Common Stock
105,000.000000
18.996900
14-Nov-2013
Common Stock
210,000.000000
18.838500
14-Nov-2013
Common Stock
17,500.000000
19.018700
13-Nov-2013
Common Stock
35,000.000000
19.283700
13-Nov-2013
Common Stock
52,500.000000
19.340700
13-Nov-2013
Common Stock
35,000.000000
19.342000
13-Nov-2013
Common Stock
17,309.000000
19.176100
13-Nov-2013
Common Stock
35,000.000000
19.294400
12-Nov-2013
Common Stock
52,500.000000
19.510500
11-Nov-2013
Common Stock
17,500.000000
18.993200
11-Nov-2013
Common Stock
70,000.000000
19.187500
11-Nov-2013
Common Stock
23,625.000000
18.918100
11-Nov-2013
Common Stock
20,125.000000
18.997500

All of the above transactions were effected on the open market, except as otherwise noted.

The following transactions were effected by Elliott International, L.P. during the past sixty (60) days:

Date
Security
Amount of Shs.
Bought (Sold)
Approx. price ($) per Share ($)
(excl. commissions)
 
06-Jan-2014
Common Stock
130,000.000000
22.748900
06-Jan-2014
Common Stock
130,000.000000
22.670900
06-Jan-2014
Common Stock
130,000.000000
22.857100
03-Jan-2014
Common Stock
97,500.000000
22.660000
03-Jan-2014
Common Stock
97,500.000000
22.604800
02-Jan-2014
Common Stock
162,500.000000
22.471400
02-Jan-2014
Common Stock
162,500.000000
22.600000
02-Jan-2014
Common Stock
227,500.000000
22.463300
02-Jan-2014
Common Stock
32,500.000000
22.474800
12-Dec-2013
Common Stock
65,000.000000
20.970000
12-Dec-2013
Common Stock
32,500.000000
21.053600
12-Dec-2013
Common Stock
87,659.000000
21.029200
11-Dec-2013
Common Stock
65,000.000000
21.466100
11-Dec-2013
Common Stock
65,000.000000
21.690000
11-Dec-2013
Common Stock
65,000.000000
21.675400
11-Dec-2013
Common Stock
104,000.000000
21.410800
11-Dec-2013
Common Stock
65,000.000000
21.569700
11-Dec-2013
Common Stock
162,500.000000
21.559700
11-Dec-2013
Common Stock
65,000.000000
21.665800
11-Dec-2013
Common Stock
162,500.000000
21.638700
10-Dec-2013
Common Stock
32,500.000000
21.618400
10-Dec-2013
Common Stock
48,750.000000
21.592300
09-Dec-2013
Common Stock
361,061.000000
21.834000
06-Dec-2013
Common Stock
(2,925,000.000000)
21.670000
06-Dec-2013
Common Stock
260,000.000000
21.419900
06-Dec-2013
Common Stock
65,000.000000
21.430000
05-Dec-2013
Common Stock
81,250.000000
21.100000
05-Dec-2013
Common Stock
69,366.000000
21.199700
05-Dec-2013
Common Stock
130,000.000000
21.344300
04-Dec-2013
Common Stock
147,892.000000
20.696800
04-Dec-2013
Common Stock
65,000.000000
20.869600
04-Dec-2013
Common Stock
130,000.000000
20.420000
03-Dec-2013
Common Stock
51,163.000000
20.339600
02-Dec-2013
Common Stock
65,000.000000
20.327400
27-Nov-2013
Common Stock
41,606.000000
20.277000
27-Nov-2013
Common Stock
1,105,000.000000
20.278800
26-Nov-2013
Common Stock
48,750.000000
20.283100
26-Nov-2013
Common Stock
130,000.000000
20.340000
26-Nov-2013
Common Stock
97,500.000000
20.319300
26-Nov-2013
Common Stock
48,750.000000
20.264800
25-Nov-2013
Common Stock
130,000.000000
20.423800
22-Nov-2013
Common Stock
209,269.000000
20.489400
21-Nov-2013
Common Stock
65,000.000000
19.997200
21-Nov-2013
Common Stock
28,369.000000
20.019900
21-Nov-2013
Common Stock
65,000.000000
19.950000
20-Nov-2013
Common Stock
65,000.000000
19.790400
20-Nov-2013
Common Stock
(3,250,000.000000)
19.910000
20-Nov-2013
Common Stock
85,742.000000
19.768700
20-Nov-2013
Common Stock
65,000.000000
19.931300
20-Nov-2013
Common Stock
65,000.000000
19.865900
19-Nov-2013
Common Stock
65,000.000000
19.380000
19-Nov-2013
Common Stock
487,500.000000
19.283300
19-Nov-2013
Common Stock
162,500.000000
19.370000
19-Nov-2013
Common Stock
102,321.000000
19.362400
19-Nov-2013
Common Stock
2,054,437.000000
19.261500
18-Nov-2013
Common Stock
227,500.000000
19.686400
18-Nov-2013
Common Stock
32,500.000000
19.725500
15-Nov-2013
Common Stock
(440,294.000000)
19.840000
15-Nov-2013
Common Stock
17,322.000000
19.881100
15-Nov-2013
Common Stock
130,000.000000
19.836000
15-Nov-2013
Common Stock
(533,000.000000)
19.840000
15-Nov-2013
Common Stock
(2,601,705.000000)
19.840000
15-Nov-2013
Common Stock
65,000.000000
19.858000
15-Nov-2013
Common Stock
65,000.000000
19.846500
15-Nov-2013
Common Stock
65,000.000000
19.886900
15-Nov-2013
Common Stock
130,000.000000
19.915700
15-Nov-2013
Common Stock
32,500.000000
19.890000
14-Nov-2013
Common Stock
195,000.000000
18.996900
14-Nov-2013
Common Stock
54,761.000000
19.272600
14-Nov-2013
Common Stock
65,000.000000
18.860000
14-Nov-2013
Common Stock
32,500.000000
19.018700
14-Nov-2013
Common Stock
227,500.000000
19.041700
14-Nov-2013
Common Stock
390,000.000000
18.838500
13-Nov-2013
Common Stock
65,000.000000
19.283700
13-Nov-2013
Common Stock
130,000.000000
19.386100
13-Nov-2013
Common Stock
65,000.000000
19.342000
13-Nov-2013
Common Stock
65,000.000000
19.294400
13-Nov-2013
Common Stock
97,500.000000
19.340700
13-Nov-2013
Common Stock
32,145.000000
19.176100
13-Nov-2013
Common Stock
110,500.000000
19.210500
12-Nov-2013
Common Stock
97,500.000000
19.510500
11-Nov-2013
Common Stock
43,875.000000
18.918100
11-Nov-2013
Common Stock
37,375.000000
18.997500
11-Nov-2013
Common Stock
130,000.000000
19.187500
11-Nov-2013
Common Stock
32,500.000000
18.993200

All of the above transactions were effected on the open market, except as otherwise noted.