Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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. 10)(1)
SAIA, INC.
----------
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
------------------------------
(Title of Class of Securities)
78709Y105
---------
(CUSIP Number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 3, 2006
----------------
(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.
(Continued on following pages)
(Page 1 of 24 Pages)
- --------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 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).
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 2 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 300,246
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
300,246
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
300,246
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 3 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PARCHE, LLC
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 120,700
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
120,700
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
120,700
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 4 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RCG AMBROSE MASTER FUND, LTD
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 41,986
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
41,986
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,986
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 5 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RCG HALIFAX FUND, LTD
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 38,656
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
38,656
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,656
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 6 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS MASTER FUND, LTD.
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
187,299
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
187,299
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,299
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 7 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ADMIRAL ADVISORS, LLC
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 420,946
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
420,946
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
420,946
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 8 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS ADVISORS, LLC
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 187,299
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
187,299
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,299
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 9 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS CAPITAL GROUP, LLC
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 688,887
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
688,887
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
688,887
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 10 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
C4S & CO., LLC
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 688,887
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
688,887
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
688,887
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 11 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PETER A. COHEN
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 688,887
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
688,887
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
688,887
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------
----------------------
CUSIP No. 78709Y105 13D Page 12 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MORGAN B. STARK
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 688,887
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
688,887
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
688,887
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 13 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
JEFFREY M. SOLOMON
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 688,887
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
688,887
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
688,887
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 14 of 24 Pages
- ---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
THOMAS W. STRAUSS
- --------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 688,887
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
688,887
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
688,887
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 15 of 24 Pages
- ---------------------- ----------------------
The following constitutes Amendment No. 10 ("Amendment No. 10") to the
Schedule 13D filed by the undersigned. This Amendment No. 10 amends the Schedule
13D as specifically set forth.
Item 3 is hereby amended and restated as follows:
The Shares purchased by Starboard, Parche, RCG Ambrose, RCG Halifax and
Ramius Master were purchased with the working capital of such entities (which
may, at any given time, include margin loans made by brokerage firms in the
ordinary course of business) in open market purchases, except as otherwise
noted, as set forth in Schedule A, which is incorporated by reference herein.
The aggregate purchase cost of the 688,887 Shares beneficially owned in the
aggregate by all of the Reporting Persons is approximately $19,509,778,
including brokerage commissions.
Item 5 is hereby amended and restated as follows:
The aggregate percentage of Shares reported owned by each person named
herein is based upon 14,761,072 Shares outstanding, which is the total number of
Shares outstanding as of October 26, 2006, as reported in the Issuer's Quarterly
Report on Form 10-Q filed with the Securities and Exchange Commission on October
31, 2006.
A. Starboard
(a) As of November 6, 2006, Starboard beneficially owned 300,246
Shares.
Percentage: Approximately 2.0%.
(b) 1. Sole power to vote or direct vote: 300,246
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 300,246
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Starboard in the Shares since the filing of
Amendment No. 9 to Schedule 13D are set forth in Schedule A and are incorporated
by reference.
B. Parche
(a) As of November 6, 2006, Parche beneficially owned 120,700 Shares.
Percentage: Less than 1%.
(b) 1. Sole power to vote or direct vote: 120,700
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 120,700
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Parche in the Shares since the filing of
Amendment No. 9 to Schedule 13D are set forth in Schedule A and are incorporated
by reference.
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 16 of 24 Pages
- ---------------------- ----------------------
C. RCG Ambrose
(a) As of November 6, RCG Ambrose beneficially owned 41,986 Shares.
Percentage: Less than 1%.
(b) 1. Sole power to vote or direct vote: 41,986
2. Shared power to vote or direct vote: 0
3. Sole powerto dispose or direct the disposition: 41,986
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by RCG Ambrose in the Shares since the filing of
Amendment No. 9 to Schedule 13D are set forth in Schedule A and are incorporated
by reference.
D. RCG Halifax
(a) As of November 6, 2006, RCG Halifax beneficially owned 38,656
Shares.
Percentage: Less than 1%.
(b) 1. Sole power to vote or direct vote: 38,656
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 38,656
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by RCG Halifax in the Shares since the filing of
Amendment No. 9 to Schedule 13D are set forth in Schedule A and are incorporated
by reference.
E. Ramius Master
(a) As of November 6, 2006, Ramius Master beneficially owned 187,299
Shares.
Percentage: Approximately 1.3%.
(b) 1. Sole power to vote or direct vote: 187,299
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 187,299
4. Shared power to dispose or direct the disposition: 0
(c) The transactions by Ramius Master in the Shares since the filing
of Amendment No. 9 to Schedule 13D are set forth in Schedule A and are
incorporated by reference.
F. Admiral Advisors
(a) As of November 6, 2006, as the investment manager of Starboard
and the managing member of Parche, Admiral Advisors may be deemed the beneficial
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 17 of 24 Pages
- ---------------------- ----------------------
owner of (i) 300,246 Shares owned by Starboard and (ii) 120,700 Shares owned by
Parche.
Percentage: Approximately 2.9%.
(b) 1. Sole power to vote or direct vote: 420,946
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 420,946
4. Shared power to dispose or direct the disposition: 0
(c) Admiral Advisors did not enter into any transactions in the
Shares since the filing of Amendment No. 9 to Schedule 13D. The transactions in
the Shares since the filing of Amendment No. 9 to Schedule 13D on behalf of
Starboard and Parche are set forth in Schedule A and are incorporated herein by
reference.
G. Ramius Advisors
(a) As of November 6, 2006, as the investment advisor of Ramius
Master, Ramius Advisors may be deemed the beneficial owner of 187,299 Shares
owned by Ramius Master.
Percentage: Approximately 1.3%.
(b) 1. Sole power to vote or direct vote: 187,299
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 187,299
4. Shared power to dispose or direct the disposition: 0
(c) Ramius Advisors did not enter into any transactions in the Shares
since the filing of Amendment No. 9 to Schedule 13D. The transactions in the
Shares since the filing of Amendment No. 9 to Schedule 13D on behalf of Ramius
Master are set forth in Schedule A and are incorporated herein by reference.
H. Ramius Capital
(a) As of November 6, 2006, as the sole member of Admiral Advisors
and Ramius Advisors (the investment advisor of Ramius Master) and as the
investment advisor to RCG Halifax and RCG Ambrose, Ramius Capital may be deemed
the beneficial owner of (i) 300,246 shares owned by Starboard, (ii) 120,700
Shares owned by Parche, (iii) 41,986 Shares owned by RCG Ambrose, (iv) 38,656
Shares owned by RCG Halifax and (v) 187,299 Shares owned by Ramius Master.
Percentage: Approximately 4.7%.
(b) 1. Sole power to vote or direct vote: 688,887
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 688,887
4. Shared power to dispose or direct the disposition: 0
- ----------------------
----------------------
CUSIP No. 78709Y105 13D Page 18 of 24 Pages
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(c) Ramius Capital did not enter into any transactions in the Shares
since the filing of Amendment No. 9 to Schedule 13D. The transactions in the
Shares since the filing of Amendment No. 9 to Schedule 13D on behalf of
Starboard, Parche, RCG Ambrose, RCG Halifax and Ramius Master are set forth in
Schedule A and are incorporated herein by reference.
I. C4S
(a) As of November 6, 2006, as the managing member of Ramius Capital,
C4S may be deemed the beneficial owner of (i) 300,246 Shares owned by Starboard,
(ii) 120,700 Shares owned by Parche, (iii) 41,986 Shares owned by RCG Ambrose,
(iv) 38,656 Shares owned by RCG Halifax, and (v) 187,299 Shares owned by Ramius
Master.
Percentage: Approximately 4.7%.
(b) 1. Sole power to vote or direct vote: 688,887
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 688,887
4. Shared power to dispose or direct the disposition: 0
(c) C4S did not enter into any transactions in the Shares since the
filing of Amendment No. 9 to Schedule 13D. The transactions in the Shares since
the filing of Amendment No. 9 to Schedule 13D on behalf of Starboard, Parche,
RCG Ambrose, RCG Halifax and Ramius Master are set forth in Schedule A and are
incorporated by reference.
J. Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon
(a) As of November 6, 2006, as the managing members of C4S, each of
Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon may be deemed the beneficial
owner of (i) 300,246 Shares owned by Starboard, (ii) 120,700 Shares owned by
Parche, (iii) 41,986 Shares owned by RCG Ambrose, (iv) 38,656 Shares owned by
RCG Halifax and (v) 187,299 Shares owned by Ramius Master. Each of Messrs.
Cohen, Stark, Solomon and Strauss share voting and dispositive power with
respect to the Shares owned by Starboard, Parche, RCG Ambrose, RCG Halifax and
Ramius Master by virtue of their shared authority to vote and dispose of such
Shares. Messrs. Cohen, Stark, Solomon and Strauss disclaim beneficial ownership
of such Shares.
Percentage: Approximately 4.7%.
(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 688,887
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 688,887
(c) None of Mr. Cohen, Mr. Stark, Mr. Strauss or Mr. Solomon has
entered into any transactions in the Shares since the filing of Amendment No. 9
to Schedule 13D. The transactions in the Shares since the filing of Amendment
- ---------------------- ----------------------
CUSIP No. 78709Y105 13D Page 19 of 24 Pages
- ---------------------- ----------------------
No. 9 to Schedule 13D on behalf of Starboard, Parche, RCG Ambrose, RCG Halifax
and Ramius Master are set forth in Schedule A and are incorporated by reference.
(d) No person other than the Reporting Persons is known to have the
right to receive, or the power to direct the receipt of dividends from, or
proceeds from the sale of, such Shares.
(e) As of November 3, 2006, the Reporting Persons ceased to be the
beneficial owners of more than 5% of the Shares of the Issuer.
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CUSIP No. 78709Y105 13D Page 20 of 24 Pages
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SIGNATURES
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: November 7, 2006
RAMIUS CAPITAL GROUP, LLC RCG AMBROSE MASTER FUND, LTD.
By: C4S & Co., L.L.C., By: Ramius Capital Group, LLC,
as Managing Member its Investment Advisor
By: /s/ Jeffrey M. Solomon By: C4S & Co., L.L.C.,
------------------------------------- its Managing Member
Name: Jeffrey M. Solomon
Title: Managing Member By: /s/ Jeffrey M. Solomon
--------------------------------
Name: Jeffrey M. Solomon
Title: Managing Member
RCG HALIFAX FUND, LTD. RAMIUS MASTER FUND, LTD
By: Ramius Capital Group, LLC, By: Ramius Advisors, LLC
its Investment Advisor its Investment Advisor
By: C4S & Co., L.L.C., By: Ramius Capital Group, LLC
its Managing Member its Managing Member
By: /s/ Jeffrey M. Solomon By: /s/ Jeffrey M. Solomon
------------------------------------ --------------------------------
Name: Jeffrey M. Solomon Name: Jeffrey M. Solomon
Title: Managing Member Title: Managing Member
C4S & CO., L.L.C. JEFFREY M. SOLOMON
By: /s/ Jeffrey M. Solomon /s/ Jeffrey M. Solomon
------------------------------------ ------------------------------------
Name: Jeffrey M. Solomon Individually and as attorney-in-fact
Title: Managing Member for Peter A.Cohen, Morgan B. Stark
and Thomas W. Strauss
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CUSIP No. 78709Y105 13D Page 21 of 24 Pages
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STARBOARD VALUE & OPPORTUNITY PARCHE, LLC
MASTER FUND LTD. By: Admiral Advisors, LLC,
its managing member
By: /s/ Jeffrey M. Solomon
------------------------------------- By: /s/ Jeffrey M. Solomon
Name: Jeffrey M. Solomon --------------------------------
Title: Authorized Signatory Name: Jeffrey M. Solomon
Title: Authorized Signatory
ADMIRAL ADVISORS, LLC RAMIUS ADVISORS, LLC
By: Ramius Capital Group, LLC, By: Ramius Capital Group, LLC,
its managing member its managing member
By: /s/ Jeffrey M. Solomon By: /s/ Jeffrey M. Solomon
------------------------------------ --------------------------------
Name: Jeffrey M. Solomon Name: Jeffrey M. Solomon
Title: Authorized Signatory Title: Authorized Signatory
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CUSIP No. 78709Y105 13D Page 22 of 24 Pages
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SCHEDULE A
TRANSACTIONS IN THE SHARES SINCE THE FILING OF AMENDMENT NO. 9 TO SCHEDULE 13D
Shares of Common Stock Price Per Date of
Bought / (Sold) Share($) Purchase/Sale
- ---------------------- --------- -------------
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
------------------------------------------------
(17,434) 31.1963 10/24/06
(7,255) 31.5252 10/24/06
(10,765) 32.0341 10/24/06
4,358 27.3699 10/25/06
(244) 25.9957 10/26/06
(436) 27.0000 10/27/06
(4,358) 27.5750 10/30/06
(4,358) 27.8940 10/30/06
(1,511) 27.4599 10/31/06
(4,445) 27.1064 10/31/06
(8,717) 26.9475 10/31/06
(2,114) 27.1402 11/01/06
(10,896) 25.9165 11/03/06
PARCHE, LLC
-----------
(3,320) 31.1963 10/24/06
(3,688) 31.1963 10/24/06
(1,382) 31.5252 10/24/06
(1,535) 31.5252 10/24/06
(2,050) 32.0341 10/24/06
(2,278) 32.0341 10/24/06
830 27.3699 10/25/06
923 27.3699 10/25/06
(46) 25.9957 10/26/06
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CUSIP No. 78709Y105 13D Page 23 of 24 Pages
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(51) 25.9957 10/26/06
(83) 27.0000 10/27/06
(92) 27.0000 10/27/06
(830) 27.5750 10/30/06
(922) 27.5750 10/30/06
(830) 27.8940 10/30/06
(922) 27.8940 10/30/06
(288) 27.4599 10/31/06
(320) 27.4599 10/31/06
(847) 27.1064 10/31/06
(940) 27.1064 10/31/06
(1,660) 26.9475 10/31/06
(1,844) 26.9475 10/31/06
(402) 27.1402 11/01/06
(447) 27.1402 11/01/06
(2,075) 25.9165 11/03/06
(2,305) 25.9165 11/03/06
RCG AMBROSE MASTER FUND, LTD.
-----------------------------
(2,438) 31.1963 10/24/06
(1,015) 31.5252 10/24/06
(1,505) 32.0341 10/24/06
609 27.3699 10/25/06
(34) 25.9957 10/26/06
(61) 27.0000 10/27/06
(609) 27.5750 10/30/06
(609) 27.8940 10/30/06
(622) 27.1064 10/31/06
(211) 27.4599 10/31/06
(1,219) 26.9475 10/31/06
(296) 27.1402 11/01/06
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CUSIP No. 78709Y105 13D Page 24 of 24 Pages
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(1,524) 25.9165 11/03/06
RCG HALIFAX FUND, LTD.
----------------------
(2,244) 31.1963 10/24/06
(934) 31.5252 10/24/06
(1,386) 32.0341 10/24/06
561 27.3699 10/25/06
(31) 25.9957 10/26/06
(56) 27.0000 10/27/06
(562) 27.5750 10/30/06
(562) 27.8940 10/30/06
(573) 27.1064 10/31/06
(195) 27.4599 10/31/06
(1,122) 26.9475 10/31/06
(272) 27.1402 11/01/06
(1,403) 25.9165 11/03/06
RAMIUS MASTER FUND, LTD
-----------------------
(10,876) 31.1963 10/24/06
(6,715) 32.0341 10/24/06
(4,526) 31.5252 10/24/06
2,719 27.3699 10/25/06
(152) 25.9957 10/26/06
(272) 27.0000 10/27/06
(2,719) 27.5750 10/30/06
(2,719) 27.8940 10/30/06
(2,773) 27.1064 10/31/06
(943) 27.4599 10/31/06
(5,438) 26.9475 10/31/06
(1,318) 27.1402 11/01/06
(6,797) 25.9165 11/03/06