SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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)
Under the Securities Exchange Act of 1934
(Amendment No. )*
The Finish Line, Inc.
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(Name of Issuer)
Class A Common Stock, par value $0.01 per share
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(Title of Class of Securities)
317923100
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(CUSIP Number)
Marc Weingarten, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, New York 10022
(212) 756-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 1, 2006
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(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 11 Pages)
--------------------------
* 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).
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 2 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CLINTON GROUP, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,167,850
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,167,850
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,167,850
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
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14 TYPE OF REPORTING PERSON*
IA; CO
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* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 3 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CLINTON MULTISTRATEGY MASTER FUND, LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
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7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,145,350
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,145,350
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,145,350
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 4 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CGI WHITEHALL UNIVERSAL PORTFOLIO FUND LIMITED
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 22,500
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
22,500
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
22,500
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 5 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GEORGE HALL
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,167,850
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,167,850
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,167,850
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 6 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CONRAD BRINGSJORD
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,167,850
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,167,850
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,167,850
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 7 OF 11 PAGES
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Item 1. SECURITY AND ISSUER
This statement relates to the shares of class A common stock, par value
$0.01 per share (the "Shares"), of The Finish Line, Inc. (the "Issuer"). The
principal executive office of the Issuer is located at 3308 North Mitthoeffer
Road, Indianapolis, Indiana 46235.
ITEM 2. IDENTITY AND BACKGROUND
(a) This statement is filed by Clinton Group, Inc., a Delaware
corporation ("CGI"), Clinton Multistrategy Master Fund, Ltd., a Cayman Islands
company ("CMSF"), CGI Whitehall Universal Portfolio Fund Limited, a Cayman
Islands company ("Whitehall"), George Hall and Conrad Bringsjord (collectively,
the "Reporting Persons").
(b) The principal business address of CGI, George Hall and Conrad
Bringsjord is 9 West 57th Street, 26th Floor, New York, New York 10019. The
principal business address of CMSF and Whitehall is c/o Fortis Fund
Services (Cayman) Limited, P.O. Box 2003 GT, Grand Pavilion Commercial Centre,
802 West Bay Road, Grand Cayman, Cayman Islands.
(c) The principal business of CGI is investing for funds and accounts
under its management. The principal business of CMSF and Whitehall is to invest
in securities. George Hall is the Chief Investment Officer and President of CGI.
Conrad Bringsjord is a managing director and senior portfolio manager of CGI.
(d) None of the Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Reporting Persons has, during the last five years, been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) George Hall and Conrad Bringsjord are citizens of the United States
of America.
The name, citizenship, present principal occupation or employment and
business address of each director and executive officer of CGI, CMSF and
Whitehall are set forth in Schedule A attached hereto.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Funds for the purchase of the Shares reported herein were derived from
available capital of CMSF and Whitehall. A total of approximately $25,403,907.34
was paid to acquire such Shares.
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 8 OF 11 PAGES
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ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons originally acquired Shares for investment in the
ordinary course of business because they believed that the Shares, when
purchased, were undervalued and represented an attractive investment
opportunity.
On September 7, 2006, CGI delivered a letter to the Issuer encouraging
the Issuer's board of directors and management to take immediate steps that CGI
believes would enhance shareholder value, including eliminating the Issuer's
dual class voting structure, commencing a Dutch tender offer for Shares together
with a related refinancing, and, to the extent the share price continues to
languish, engaging a reputable investment banking firm to explore strategic
alternatives including a potential going private transaction or sale of the
Issuer. A copy of this letter is attached hereto as Exhibit B and is
incorporated herein by reference. Representatives of the Reporting Persons have
met with, and may in the future meet with, representatives of the Issuer to
discuss, among other things, these and other matters relating to the strategic
direction and corporate governance of the Issuer.
Except as set forth herein or as would occur upon completion of any of
the actions discussed herein, including in the Exhibits hereto, the Reporting
Persons have no present plan or proposal that would relate to or result in any
of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D. The
Reporting Persons intend to review their investment in the Issuer on a
continuing basis and may engage in discussions with management, the board of
directors, other shareholders of the Issuer and other relevant parties
concerning the business, operations, management, strategy and future plans of
the Issuer. Depending on various factors including, without limitation, the
Issuer's financial position and strategic direction, the outcome of the
discussions and actions referenced above, actions taken by the board of
directors, price levels of the Shares, other investment opportunities available
to the Reporting Persons, conditions in the securities market and general
economic and industry conditions, the Reporting Persons may in the future take
such actions with respect to their investment in the Issuer as they deem
appropriate including, without limitation, purchasing additional Shares or
selling some or all of their Shares, engaging in short selling of or any hedging
or similar transactions with respect to the Shares and/or otherwise changing
their intention with respect to any and all matters referred to in Item 4 of
Schedule 13D.
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 9 OF 11 PAGES
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the close of business on September 7, 2006, the Reporting
Persons beneficially owned an aggregate of 2,167,850 Shares, constituting
approximately 5.1% of the Shares outstanding.
The aggregate percentage of Shares beneficially owned by the Reporting
Persons is based upon 42,418,771 Shares outstanding, which is the total number
of Shares outstanding as of June 16, 2006 as reported in the Issuer's quarterly
report on Form 10-Q for the quarter ended May 27, 2006.
(b) By virtue of investment management agreements with each of CMSF and
Whitehall, CGI has the power to vote or direct the voting, and to dispose or
direct the disposition, of all of the 2,145,350 Shares held by CMSF and the
22,500 Shares held by Whitehall. By virtue of his direct and indirect control of
CGI, George Hall is deemed to have shared voting power and shared dispositive
power with respect to all Shares as to which CGI has voting power or dispositive
power. By virtue of his position as managing director and senior portfolio
manager of CGI, Conrad Bringsjord is also deemed to have shared voting power and
shared dispositive power with respect to all Shares as to which CGI has voting
power or dispositive power. Accordingly, CGI, Mr. Hall and Mr. Bringsjord are
deemed to have shared voting and shared dispositive power with respect to an
aggregate of 2,167,850 Shares.
(c) Information concerning transactions in the Shares effected by the
Reporting Persons during the past sixty days is set forth in Schedule B hereto
and is incorporated herein by reference. All of the transactions in Shares
listed on Schedule B hereto were effected in the open market.
(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 the
proceeds from the sale of, the Shares.
(e) Not applicable.
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 10 OF 11 PAGES
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Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Except as otherwise set forth herein, the Reporting Persons do not have
any contract, arrangement, understanding or relationship with any person with
respect to the securities of the Issuer.
Item 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A - Joint Acquisition Statement, dated September 7, 2006
Exhibit B - Letter to Issuer, dated September 7, 2006
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 11 OF 11 PAGES
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SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: September 7, 2006
CLINTON GROUP, INC.
By: /s/ Francis Ruchalski
---------------------------
Name: Francis Ruchalski
Title: Comptroller
CLINTON MULTISTRATEGY MASTER FUND, LTD.
By: Clinton Group, Inc. its investment
manager
By: /s/ Francis Ruchalski
---------------------------
Name: Francis Ruchalski
Title: Comptroller
CGI WHITEHALL UNIVERSAL PORTFOLIO FUND LIMITED
By: Clinton Group, Inc. its investment
manager
By: /s/ Francis Ruchalski
---------------------------
Name: Francis Ruchalski
Title: Comptroller
/s/ George Hall
------------------------------
George Hall
/s/ Conrad Bringsjord
------------------------------
Conrad Bringsjord
SCHEDULE A
DIRECTORS AND EXECUTIVE OFFICERS OF CERTAIN REPORTING PERSONS
The following sets forth the name, position and principal occupation of
each director and executive officer of CGI. Each such person is a citizen of the
United States of America. The business address of each director and executive
officer is 9 West 57th Street, 26th Floor, New York, New York 10019. To the best
of the Reporting Persons' knowledge, except as set forth in this statement on
Schedule 13D, none of the following individuals owns any Shares.
CLINTON GROUP, INC.
Name Position
--------------------------- -------------------------------------------
George E. Hall Director and President
John L. Hall Director and Chief Financial Officer
Wendy Ruberti General Counsel and Assistant Secretary
Francis A. Ruchalski Director and Comptroller
John B. Breaux Director and Senior Managing Director
Hani K. Findakly Director
The following sets forth the name, position and principal occupation of
each director of each of CMSF and Whitehall. There are no executive officers of
CMSF and Whitehall. To the best of the Reporting Persons' knowledge, except as
set forth in this statement on Schedule 13D, none of the following individuals
owns any Shares.
CLINTON MULTISTRATEGY MASTER FUND, LTD.
Jane Fleming is a citizen of the United Kingdom. Her principal occupation is
Client Accountant of Queensgate Bank & Trust Company Ltd. Her business address
is Queensgate Bank & Trust Company Ltd., Harbour Place, 5th Floor, 103 South
Church Street, P.O. Box 30464 SMB, Grand Cayman, Cayman Islands
Dennis Hunter is a citizen of the United Kingdom. His principal occupation is
Director of Queensgate Bank & Trust Company Ltd. His business address is
Queensgate Bank & Trust Company Ltd., Harbour Place, 5th Floor, 103 South Church
Street, P.O. Box 30464 SMB, Grand Cayman, Cayman Islands.
Roger Hanson is a citizen of the United Kingdom. His principal occupation is
director of dms Management Ltd. His business address is dms Management Ltd.,
P.O. Box 31910 SMB, Ansbacher House, 20 Genesis Close, Grand Cayman, Cayman
Islands.
Blair Gauld is a citizen of New Zealand. His principal occupation is Director of
Queensgate Bank & Trust Company Ltd. His business address is Queensgate Bank &
Trust Company Ltd., Harbour Place, 5th Floor, 103 South Church Street, P.O. Box
30464 SMB, Grand Cayman, Cayman Islands.
CGI WHITEHALL UNIVERSAL PORTFOLIO FUND LIMITED
Dennis Hunter is a citizen of the United Kingdom. His principal occupation is
Director of Queensgate Bank & Trust Company Ltd. His business address is
Queensgate Bank & Trust Company Ltd., Harbour Place, 5th Floor, 103 South Church
Street, P.O. Box 30464 SMB, Grand Cayman, Cayman Islands.
Hugh Barit is a citizen of Bermuda. His principal occupation is as President of
PRP Performa Ltd. His business address is PRP Performa Ltd., P.O. Box HM 2440,
Hamilton HM JX, Bermuda.
Shan Davis is a citizen of Bermuda. His principal occupation is Chief Executive
Officer of Meridian Asset Management Ltd. His business address is Meridian Asset
Management Ltd., 15 Front Street, Hamilton HM 11, Bermuda.
Cassandra Powell is a citizen of the Cayman Islands. Her principal occupation is
Senior Manager of Queensgate Bank & Trust Company Ltd. Her business address is
Queensgate Bank & Trust Company Ltd., Harbour Place, 5th Floor, 103 South Church
Street, P.O. Box 30464 SMB, Grand Cayman, Cayman Islands.
SCHEDULE B
TRANSACTIONS IN THE SHARES BY THE REPORTING PERSONS DURING THE PAST 60 DAYS
Clinton Multistrategy Master Fund, Ltd.
Trade Date Shares Purchased (Sold) Price Per Share ($)
---------- ----------------------- -------------------
07/12/06 1,000 12.08
07/14/06 65,000 12.02
07/17/06 10,000 11.81
07/18/06 11,800 11.57
07/19/06 10,000 11.82
07/20/06 1,599 ** 11.55
07/21/06 25,000 11.46
07/25/06 12,131 11.65
07/26/06 82,013 11.81
07/27/06 73,255 11.81
07/31/06 (3,409)* 12.30
07/31/06 265,687 12.28
08/01/06 167,182 11.73
08/02/06 116,295 11.73
08/03/06 200,000 11.80
08/03/06 1,970 ** 11.59
08/04/06 175,966 11.54
08/07/06 5,575 ** 11.12
08/08/06 100,000 11.18
08/08/06 35,671 11.20
08/08/06 792 ** 11.20
08/09/06 23,234 11.18
08/09/06 5,000 11.20
08/14/06 30,000 10.96
08/17/06 17,400 10.99
08/17/06 4,600 11.00
08/17/06 1,438 ** 10.99
08/18/06 1,492 10.98
08/18/06 869 ** 11.07
08/18/06 23 11.09
08/21/06 1,000 10.93
08/22/06 10,000 10.84
08/23/06 5,500 10.57
08/24/06 7,074 10.24
08/25/06 14,600 10.41
08/25/06 (23) 10.88
08/25/06 (769)* 10.93
08/28/06 26,300 10.99
08/28/06 23,700 10.96
08/28/06 (505)* 10.98
08/29/06 12,500 10.98
08/29/06 196,447 10.94
08/29/06 (3,845)* 10.93
08/29/06 33,600 11.03
08/29/06 26,000 11.08
08/30/06 15,000 11.00
08/30/06 183,778 11.04
08/30/06 (6,098)* 11.06
08/30/06 25,000 11.14
08/31/06 29,000 11.12
08/31/06 64,090 11.29
08/31/06 23,000 11.14
08/31/06 1,429 ** 11.10
08/31/06 2,624 ** 11.13
09/01/06 15,000 11.42
09/01/06 3,199 ** 11.32
09/06/06 5,000 11.20
CGI Whitehall Universal Portfolio Fund Limited
Trade Date Shares Purchased (Sold) Price Per Share ($)
---------- ----------------------- -------------------
08/22/06 10,000 10.84
08/23/06 5,500 10.57
08/24/06 7,000 10.24
The following transactions in the Shares were effected by CGI pursuant to
investment management agreements with each of the funds listed below.
Clinton Quantitative Equity Strategies Master Fund, Ltd.
Trade Date Shares Purchased (Sold) Price Per Share ($)
---------- ----------------------- -------------------
07/20/06 540 ** 11.55
07/31/06 321 ** 12.30
07/31/06 3,409 ** 12.30
08/03/06 652 ** 11.59
08/07/06 3,341 ** 11.12
08/08/06 408 ** 11.21
08/17/06 895 ** 10.99
08/18/06 496 ** 11.07
08/18/06 12 11.09
08/25/06 (12) 10.88
08/25/06 (478)* 10.93
08/28/06 (395)* 10.98
08/29/06 (2,172)* 10.93
08/30/06 (3,406)* 11.06
08/31/06 510 ** 11.10
09/01/06 2,750 ** 11.32
Clinton Statistical Arbitrage Master Fund (2X) Ltd.
Trade Date Shares Purchased (Sold) Price Per Share ($)
---------- ----------------------- -------------------
07/20/06 461 ** 11.55
07/31/06 (321)* 12.30
08/03/06 478 ** 11.59
08/07/06 1,684 ** 11.12
08/17/06 567 ** 10.99
08/22/06 335 ** 10.80
08/25/06 (453)* 10.93
08/29/06 (1,207)* 10.93
08/30/06 (1,696)* 11.06
08/31/06 361 ** 11.09
09/01/06 1,296 ** 11.32
Clinton Equity Strategies Master Fund, Ltd.
Trade Date Shares Purchased (Sold) Price Per Share ($)
---------- ----------------------- -------------------
08/31/06 (2,624)* 11.13
09/01/06 1,155 ** 11.32
* Sold pursuant to a "short" transaction
** Purchased to "cover" a "short" position
EXHIBIT A
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D may be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained herein and
therein, but shall not be responsible for the completeness and accuracy of the
information concerning the others, except to the extent that he or it knows or
has reason to believe that such information is inaccurate.
Dated: September 7, 2006
CLINTON GROUP, INC.
By: /s/ Francis Ruchalski
---------------------------
Name: Francis Ruchalski
Title: Comptroller
CLINTON MULTISTRATEGY MASTER FUND, LTD.
By: Clinton Group, Inc. its investment
manager
By: /s/ Francis Ruchalski
---------------------------
Name: Francis Ruchalski
Title: Comptroller
CGI WHITEHALL UNIVERSAL PORTFOLIO FUND LIMITED
By: Clinton Group, Inc. its investment
manager
By: /s/ Francis Ruchalski
---------------------------
Name: Francis Ruchalski
Title: Comptroller
/s/ George Hall
------------------------------
George Hall
/s/ Conrad Bringsjord
------------------------------
Conrad Bringsjord