SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
LAMAR ADVERTISING COMPANY
(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
512815101
(CUSIP Number)
SPO Advisory Corp.
591 Redwood Highway, Suite 3215
Mill Valley, California 94941
(415) 383-6600
with a copy to:
Alison S. Ressler
Sullivan & Cromwell LLP
1888 Century Park East
Los Angeles, California 90067-1725
(310) 712-6600
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
JULY 26, 2007
(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 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 ("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).
Page 1 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
SPO Partners II, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) OR 2(f) |_|
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
8,727,100 (1)
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
8,727,100 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,727,100 (1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.55%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Power is exercised through its sole general partner, SPO Advisory Partners,
L.P.
CUSIP No. 512815101 Page 2 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
SPO Advisory Partners, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) OR 2(f) |_|
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
8,727,100 (1)(2)
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
8,727,100 (1)(2)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,727,100 (1)(2)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.55%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Solely in its capacity as the sole general partner of SPO Partners II, L.P.
(2) Power is exercised through its sole general partner, SPO Advisory Corp.
CUSIP No. 512815101 Page 3 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
San Francisco Partners II, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) OR 2(f) |_|
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
461,130 (1)
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
461,130 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
461,130 (1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.56%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Power is exercised through its sole general partner, SF Advisory Partners,
L.P.
CUSIP No. 512815101 Page 4 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
SF Advisory Partners, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) OR 2(f) |_|
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
461,130 (1)(2)
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
461,130 (1)(2)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
461,130 (1)(2)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.56%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Solely in its capacity as the sole general partner of San Francisco
Partners II, L.P.
(2) Power is exercised through its sole general partner, SPO Advisory Corp.
CUSIP No. 512815101 Page 5 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
SPO Advisory Corp.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) OR 2(f) |_|
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
9,188,230 (1)
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
9,188,230 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,188,230 (1)(2)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.11%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
(1) Solely in its capacity as the sole general partner of SPO Advisory
Partners, L.P. with respect to 8,727,100 of such shares; and solely
in its capacity as the sole general partner of SF Advisory Partners, L.P.
with respect to 461,130 of such shares.
(2) Power is exercised through its three controlling persons, John H. Scully,
William E. Oberndorf and William J. Patterson.
CUSIP No. 512815101 Page 6 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
John Scully
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) OR 2(f) |_|
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
139,000 (1)
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED 9,188,230 (2)
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
139,000 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,188,230 (2)
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,327,230 (1)(2)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.28%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(1) Of these shares, 1,600 shares are held in the John H. Scully Individual
Retirement Accounts, which are self-directed, and 137,400 shares may be
deemed to be beneficially owned by Mr. Scully solely in his capacity as
controlling person, sole director and executive officer of Phoebe Snow
Foundation, Inc.
(2) These shares may be deemed to be beneficially owned by Mr. Scully solely
in his capacity as one of three controlling persons of SPO Advisory Corp.
CUSIP No. 512815101 Page 7 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
William E. Oberndorf
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) OR 2(f) |_|
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
-0-
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED 9,188,230 (1)
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
-0-
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,188,230 (1)
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,188,230 (1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.11%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(1) These shares may be deemed to be beneficially owned by Mr. Oberndorf solely
in his capacity as one of three controlling persons of SPO Advisory Corp.
CUSIP No. 512815101 Page 8 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
William J. Patterson
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) OR 2(f) |_|
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
-0-
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED 9,194,830 (1)
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
-0-
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
9,194,830 (1)
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,194,830 (1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.12%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(1) Of these shares, 9,188,230 shares may be deemed to be beneficially owned by
Mr. Patterson solely in his capacity as one of three controlling persons of
SPO Advisory Corp. and 6,600 shares may be deemed to be beneficially owned
by Mr. Patterson solely in his capacity as a controlling person, director
and executive officer of The Elizabeth R. & William J. Patterson Foundation.
CUSIP No. 512815101 Page 9 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
Phoebe Snow Foundation, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
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
California
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
137,400 (1)
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
137,400 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,400 (1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.17%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
(1) Power is exercised through its controlling person, sole director and
executive officer, John H. Scully.
CUSIP No. 512815101 Page 10 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
The Elizabeth R. & William J. Patterson Foundation
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
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
California
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
6,600 (1)
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
6,600 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,600 (1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%**
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
** Denotes less than.
(1) Power is exercised through its controlling persons, directors and executive
officers, William J. Patterson and Elizabeth R. Patterson.
CUSIP No. 512815101 Page 11 of 26 pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
Eli J. Weinberg
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(f) |_|
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
120
------------------------------------------------------
NUMBER OF SHARES 8. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
120
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
120
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
**0.01%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
** Denotes less than.
Page 12 of 26 pages
This Amendment No. 3 amends the Schedule 13D (the "Original 13D") filed
with the Securities and Exchange Commission ("SEC") on August 22, 2005 and as
amended on May 10, 2006 and July 19, 2006. Unless otherwise stated herein, the
Original 13D, as previously amended, remains in full force and effect. Terms
used therein and not defined herein shall have the meanings ascribed thereto in
the Original 13D.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2(a) is hereby amended and restated in its entirety as follows:
(a) The undersigned hereby file this Schedule 13D Statement on behalf
of SPO Partners II, L.P., a Delaware limited partnership ("SPO"), SPO Advisory
Partners, L.P., a Delaware limited partnership ("SPO Advisory Partners"), San
Francisco Partners II, L.P., a California limited partnership ("SFP"), SF
Advisory Partners, L.P., a Delaware limited partnership ("SF Advisory
Partners"), SPO Advisory Corp., a Delaware corporation ("SPO Advisory Corp."),
John H. Scully ("JHS"), William E. Oberndorf ("WEO"), William J. Patterson
("WJP"), Phoebe Snow Foundation, Inc., a California corporation ("PS
Foundation"), The Elizabeth R. & William J. Patterson Foundation, a California
corporation ("Patterson Foundation") and Eli J. Weinberg ("EJW"). SPO, SPO
Advisory Partners, SFP, SF Advisory Partners, SPO Advisory Corp., JHS, WEO, WJP,
PS Foundation, Patterson Foundation and EJW are sometimes hereinafter referred
to as the "Reporting Persons." The Reporting Persons are making this single,
joint filing because they may be deemed to constitute a "group" within the
meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended
(the "Act"), although neither the fact of this filing nor anything contained
herein shall be deemed to be an admission by the Reporting Persons that a group
exists.
The following subsections are hereby added to Item 2(b)-(c) in
appropriate alphabetical order as follows:
PATTERSON FOUNDATION
Patterson Foundation is a California corporation, the principal purpose
of which is to be a private, grant-making charitable entity. WJP and his wife,
Elizabeth R. Patterson, are the controlling persons, directors and executive
officers of Patterson Foundation. Pursuant to Instruction C to Schedule 13D of
the Act, certain information with respect to WJP is set forth herein. The
principal business address of Patterson Foundation, which also serves as its
principal office, is 591 Redwood Highway, Suite 3215, Mill Valley, California
94941. Ms. Patterson's business address is 591 Redwood Highway, Suite 3215, Mill
Valley, California 94941. Ms. Patterson's present principal occupation is
homemaker.
PS FOUNDATION
PS Foundation is a California corporation, whose principal purpose of
which is to be a private, grant-making charitable entity. The principal business
address of PS Foundation, which also serves as its principal office, is 591
Redwood Highway, Suite 3215, Mill Valley, California 94941. Pursuant to
Instruction C to Schedule 13D of the Act, certain information with respect to
JHS, sole director and controlling person of PS Foundation, is set forth herein.
Page 13 of 26 pages
EJW
EJW's business address is 591 Redwood Highway, Suite 3215, Mill Valley,
California 94941. His present principal occupation is as a principal for SPO
Partners & Co.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and restated in its entirety as follows:
The source and amount of the funds used or to be used by the Reporting
Persons to purchase Shares are as follows:
NAME SOURCE OF FUNDS AMOUNT OF FUNDS
--------------------- --------------------------- ---------------
SPO Contributions from Partners $396,252,898
SPO Advisory Partners Not Applicable Not Applicable
SFP Contributions from Partners $20,047,591
SF Advisory Partners Not Applicable Not Applicable
SPO Advisory Corp. Not Applicable Not Applicable
JHS Not Applicable and Personal Funds $93,010
WEO Not Applicable Not Applicable
WJP Not Applicable Not Applicable
PS Foundation Contributions from Shareholders $7,988,193
Patterson Foundation Contributions from Shareholders $383,717
EJW Personal Funds $5,282
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Percentage interest calculations for each Reporting Person are
based upon the Issuer having 82,701,402 total outstanding shares of Class A
common stock as reported on the Issuer's 10-Q filed with the Securities and
Exchange Commission on May 10, 2007.
SPO
The aggregate number of Shares that SPO owns beneficially, pursuant to
Rule 13d-3 of the Act, is 8,727,100 Shares, which constitutes approximately
10.55% of the outstanding Shares.
SPO Advisory Partners
Because of its position as the sole general partner of SPO, SPO
Advisory Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the
beneficial owner of 8,727,100 Shares, which constitutes approximately 10.55%
of the outstanding Shares.
SFP
The aggregate number of Shares that SFP owns beneficially, pursuant to
Rule 13d-3 of the Act, is 461,130 Shares, which constitutes approximately
0.56% of the outstanding Shares.
Page 14 of 26 pages
SF Advisory Partners
Because of its position as the sole general partner of SFP, SF Advisory
Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial
owner of 461,130 Shares, which constitutes approximately 0.56% of the
outstanding Shares.
SPO Advisory Corp.
Because of its positions as the sole general partner of each of SPO
Advisory Partners and SF Advisory Partners, SPO Advisory Corp. may, pursuant to
Rule 13d-3 of the Act, be deemed to be the beneficial owner of 9,188,230
Shares in the aggregate, which constitutes approximately 11.11% of the
outstanding Shares.
JHS
Individually, and because of his positions as a control person of SPO
Advisory Corp. and controlling person, sole director and executive officer of PS
Foundation, JHS may, pursuant to Rule 13d-3 of the Act, be deemed to be the
beneficial owner of 9,327,230 Shares, which constitutes approximately 11.28% of
the outstanding Shares.
WEO
Because of his position as a control person of SPO Advisory Corp., WEO
may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of
9,188,230 Shares, which constitutes approximately 11.11% of the outstanding
Shares.
WJP
Individually and because of his position as a control person of SPO
Advisory Corp. and as a control person, director and executive officer of
Patterson Foundation, WJP may, pursuant to Rule 13d-3 of the Act, be deemed to
be the beneficial owner of 9,194,830 Shares, which constitutes approximately
11.12% of the outstanding Shares.
PS FOUNDATION
The aggregate number of Shares that PS Foundation owns beneficially,
pursuant to Rule 13d-3 of the Act, is 137,400 Shares, which constitutes
approximately 0.17% of the outstanding Shares.
Page 15 of 26 pages
PATTERSON FOUNDATION
The aggregate number of Shares that Patterson Foundation owns
beneficially, pursuant to Rule 13d-3 of the Act, is 6,600 Shares, which
constitutes less than 0.01% of the outstanding Shares.
EJW
The aggregate number of Shares that EJW owns beneficially, pursuant to
Rule 13d-3 of the Act, is 120 Shares, which constitutes less than 0.01% of the
outstanding Shares.
To the best of the knowledge of each of the Reporting Persons, other
than as set forth above, none of the persons named in Item 2 hereof is the
beneficial owner of any Shares.
(b) SPO
Acting through its sole general partner, SPO has the sole power to vote
or to direct the vote and to dispose or to direct the disposition of 8,727,100
Shares.
SPO Advisory Partners
Acting through its sole general partner and in its capacity as the sole
general partner of SPO, SPO Advisory Partners has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 8,727,100
Shares.
SFP
Acting through its sole general partner, SFP has the sole power to vote
or to direct the vote and to dispose or to direct the disposition of 461,130
Shares.
SF Advisory Partners
Acting through its sole general partner and in its capacity as the sole
general partner of SFP, SF Advisory Partners has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 461,130 Shares.
SPO Advisory Corp.
Acting through its controlling persons and in its capacities as the
sole general partner of each of SPO Advisory Partners and SF Advisory Partners,
SPO Advisory Corp. has the sole power to vote or to direct the vote and to
dispose or to direct the disposition of 9,188,230 Shares in the aggregate.
Page 16 of 26 pages
JHS
As one of three controlling persons of SPO Advisory Corp., which is the
sole general partner of each of SPO Advisory Partners and SF Advisory Partners,
JHS may be deemed to have shared power with WEO and WJP to vote or to direct the
vote and to dispose or to direct the disposition of 9,188,230 Shares held by SPO
and SFP in the aggregate. In addition, JHS has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 1,600 Shares held
in the John H. Scully Individual Retirement Accounts, which are self-directed
individual retirement accounts, and 137,400 Shares held by the PS Foundation,
for which JHS is the controlling person, sole director and executive officer.
WEO
As one of three controlling persons of SPO Advisory Corp., which is the
sole general partner of each of SPO Advisory Partners and SF Advisory Partners,
WEO may be deemed to have shared power with JHS and WJP to vote or to direct the
vote and to dispose or to direct the disposition of 9,188,230 Shares held by
SPO and SFP in the aggregate.
WJP
As one of three controlling persons of SPO Advisory Corp., which is the
sole general partner of each of SPO Advisory Partners and SF Advisory Partners,
WJP may be deemed to have shared power with JHS and WEO to vote or to direct the
vote and to dispose or to direct the disposition of 9,188,230 Shares held by SPO
and SFP in the aggregate. In addition, WJP may be deemed to have shared power to
vote or to direct the vote and to dispose or to direct the disposition of 6,600
Shares held by the Patterson Foundation.
PS FOUNDATION
Acting through its controlling person, PS Foundation has the sole power
to vote or to direct the vote and to dispose or to direct the disposition of
137,400 Shares.
PATTERSON FOUNDATION
Acting through its two controlling persons, directors and executive
officers, Patterson Foundation has the sole power to vote or to direct the vote
and to dispose or to direct the disposition of 6,600 Shares.
EJW
EJW has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 120 Shares.
(c) Within the past 60 days of the date of this statement, Reporting
Persons purchased Shares in open market transactions on the Nasdaq Global Select
Market as set forth on Schedule I attached hereto.
Page 17 of 26 pages
Except as set forth in this paragraph (c), to the best of the knowledge
of each of the Reporting Persons, none of the persons named in response to
paragraph (a) has effected any transactions in Shares during the past 60 days.
(d) Each of the Reporting Persons affirms that no person other than
such Reporting Person has the right to receive or the power to direct the
receipt of distributions with respect to, or the proceeds from the sale of,
Shares owned by such Reporting Person.
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Item 7 is hereby amended and restated in its entirety as follows:
Exhibit A: Agreement pursuant to Rule 13d-1 (k)
Exhibit B: Power of Attorney
Page 18 of 26 pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated July 30, 2007 By: /s/ Kim M. Silva
--------------------------------
Kim M. Silva
Attorney-in-Fact for:
SPO PARTNERS II, L.P.(1)
SPO ADVISORY PARTNERS, L.P.(1)
SAN FRANCISCO PARTNERS II, L.P.(1)
SF ADVISORY PARTNERS, L.P.(1)
SPO ADVISORY CORP.(1)
JOHN H. SCULLY(1)
WILLIAM E. OBERNDORF(1)
WILLIAM J. PATTERSON(1)
PHOEBE SNOW FOUNDATION, INC.(2)
THE ELIZABETH R. & WILLIAM J.
PATTERSON FOUNDATION(2)
ELI J. WEINBERG(2)
(1) A Power of Attorney
authorizing Kim M. Silva to
act on behalf of this
person or entity has been
previously filed with the
Securities and Exchange
Commission.
(2) A Power of Attorney
authorizing Kim M. Silva to
act on behalf of this
person or entity is filed as
Exhibit B.
Page 19 of 26 pages
SCHEDULE I TO
SCHEDULE 13D FOR SPO PARTNERS II, L.P.
DATE OF NUMBER OF PRICE PER WHERE/HOW
REPORTING PERSON TRANSACTION TYPE SHARES SHARE ($) TRANSACTION EFFECTED
--------------------------- ----------- ---- --------- --------- --------------------
SPO Partners II, L.P. 7/26/2007 Buy 7,083 58.0000 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 24 58.0100 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 433 58.0200 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 289 58.0300 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 457 58.0400 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 96 58.0600 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 96 58.0700 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 72 58.0800 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 553 58.0900 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 404 58.1000 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 808 58.1100 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 1,203 58.1150 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 20,194 58.1200 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 289 58.1225 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 1,781 58.1300 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 813 58.1400 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 5,417 58.1500 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 1,604 58.1600 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 994 58.1700 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 576 58.1800 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 1,084 58.1900 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 192 58.1950 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 1,905 58.2000 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 24 58.2050 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 1,683 58.2100 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 1,316 58.2200 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 2,269 58.2300 Open Market/Broker
Page 20 of 26 pages
SCHEDULE I TO
SCHEDULE 13D FOR SPO PARTNERS II, L.P.
DATE OF NUMBER OF PRICE PER WHERE/HOW
REPORTING PERSON TRANSACTION TYPE SHARES SHARE ($) TRANSACTION EFFECTED
--------------------------- ----------- ---- --------- --------- --------------------
SPO Partners II, L.P. 7/26/2007 Buy 873 58.2400 Open Market/Broker
SPO Partners II, L.P. 7/26/2007 Buy 3,268 58.2500 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 4,392 58.0000 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 15 58.0100 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 268 58.0200 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 179 58.0300 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 283 58.0400 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 60 58.0600 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 60 58.0700 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 45 58.0800 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 343 58.0900 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 251 58.1000 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 501 58.1100 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 746 58.1150 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 12,522 58.1200 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 179 58.1225 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 1,104 58.1300 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 504 58.1400 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 3,359 58.1500 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 995 58.1600 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 616 58.1700 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 357 58.1800 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 672 58.1900 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 119 58.1950 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 1,181 58.2000 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 15 58.2050 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 1,044 58.2100 Open Market/Broker
Page 21 of 26 pages
SCHEDULE I TO
SCHEDULE 13D FOR SPO PARTNERS II, L.P.
DATE OF NUMBER OF PRICE PER WHERE/HOW
REPORTING PERSON TRANSACTION TYPE SHARES SHARE ($) TRANSACTION EFFECTED
--------------------------- ----------- ---- --------- --------- --------------------
San Francisco Partners II, L.P. 7/26/2007 Buy 816 58.2200 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 1,407 58.2300 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 542 58.2400 Open Market/Broker
San Francisco Partners II, L.P. 7/26/2007 Buy 2,025 58.2500 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 16,960 58.0000 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 57 58.0100 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 1,036 58.0200 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 690 58.0300 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 1,095 58.0400 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 230 58.0600 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 230 58.0700 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 173 58.0800 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 1,324 58.0900 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 967 58.1000 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 1,935 58.1100 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 2,879 58.1150 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 48,349 58.1200 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 690 58.1225 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 4,264 58.1300 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 1,947 58.1400 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 12,968 58.1500 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 3,840 58.1600 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 2,379 58.1700 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 1,380 58.1800 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 2,597 58.1900 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 462 58.1950 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 4,562 58.2000 Open Market/Broker
Page 22 of 26 pages
SCHEDULE I TO
SCHEDULE 13D FOR SPO PARTNERS II, L.P.
DATE OF NUMBER OF PRICE PER WHERE/HOW
REPORTING PERSON TRANSACTION TYPE SHARES SHARE ($) TRANSACTION EFFECTED
--------------------------- ----------- ---- --------- --------- --------------------
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 57 58.2050 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 4,031 58.2100 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 3,152 58.2200 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 5,433 58.2300 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 2,091 58.2400 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/26/2007 Buy 7,821 58.2500 Open Market/Broker
The Elizabeth R. & William J. 7/26/2007 Buy 812 58.0000 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 3 58.0100 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 50 58.0200 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 33 58.0300 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 52 58.0400 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 11 58.0600 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 11 58.0700 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 8 58.0800 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 63 58.0900 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 46 58.1000 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 93 58.1100 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 138 58.1150 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 2,316 58.1200 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 33 58.1225 Open Market/Broker
Patterson Foundation
Page 23 of 26 pages
SCHEDULE I TO
SCHEDULE 13D FOR SPO PARTNERS II, L.P.
DATE OF NUMBER OF PRICE PER WHERE/HOW
REPORTING PERSON TRANSACTION TYPE SHARES SHARE ($) TRANSACTION EFFECTED
--------------------------- ----------- ---- --------- --------- --------------------
The Elizabeth R. & William J. 7/26/2007 Buy 204 58.1300 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 93 58.1400 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 621 58.1500 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 184 58.1600 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 114 58.1700 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 66 58.1800 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 124 58.1900 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 22 58.1950 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 219 58.2000 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 3 58.2050 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 193 58.2100 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 151 58.2200 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 260 58.2300 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 100 58.2400 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/26/2007 Buy 377 58.2500 Open Market/Broker
Patterson Foundation
John H. Scully's IRA 7/26/2007 Buy 13 58.0000 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.0200 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.0300 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.0400 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.0900 Open Market/Broker
Page 24 of 26 pages
SCHEDULE I TO
SCHEDULE 13D FOR SPO PARTNERS II, L.P.
DATE OF NUMBER OF PRICE PER WHERE/HOW
REPORTING PERSON TRANSACTION TYPE SHARES SHARE ($) TRANSACTION EFFECTED
--------------------------- ----------- ---- --------- --------- --------------------
John H. Scully's IRA 7/26/2007 Buy 1 58.1000 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.1100 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 2 58.1150 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 36 58.1200 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.1225 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 3 58.1300 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.1400 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 10 58.1500 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 3 58.1600 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 2 58.1700 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.1800 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 2 58.1900 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 3 58.2000 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 3 58.2100 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 2 58.2200 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 4 58.2300 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 2 58.2400 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 6 58.2500 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 190 58.0000 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.0100 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 12 58.0200 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 8 58.0300 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 12 58.0400 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 3 58.0600 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 3 58.0700 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 2 58.0800 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 15 58.0900 Open Market/Broker
Page 25 of 26 pages
SCHEDULE I TO
SCHEDULE 13D FOR SPO PARTNERS II, L.P.
DATE OF NUMBER OF PRICE PER WHERE/HOW
REPORTING PERSON TRANSACTION TYPE SHARES SHARE ($) TRANSACTION EFFECTED
--------------------------- ----------- ---- --------- --------- --------------------
John H. Scully's IRA 7/26/2007 Buy 11 58.1000 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 22 58.1100 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 32 58.1150 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 543 58.1200 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 8 58.1225 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 48 58.1300 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 22 58.1400 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 146 58.1500 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 43 58.1600 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 27 58.1700 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 15 58.1800 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 29 58.1900 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 5 58.1950 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 51 58.2000 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 1 58.2050 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 45 58.2100 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 35 58.2200 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 61 58.2300 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 23 58.2400 Open Market/Broker
John H. Scully's IRA 7/26/2007 Buy 87 58.2500 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/27/2007 Buy 950 58.0000 Open Market/Broker
Phoebe Snow Foundation, Inc. 7/27/2007 Buy 2,850 58.5000 Open Market/Broker
The Elizabeth R. & William J. 7/27/2007 Buy 50 58.0000 Open Market/Broker
Patterson Foundation
The Elizabeth R. & William J. 7/27/2007 Buy 150 58.5000 Open Market/Broker
Patterson Foundation
Page 26 of 26 pages
EXHIBIT INDEX
EXHIBIT DOCUMENT DESCRIPTION
------- --------------------
A Agreement Pursuant to Rule 13d-1 (k)
B Power of Attorney