kl03040.htm
Page 1 of 36 Pages
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
(Rule
13d-101)
(Amendment
No. 3)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
Dillard's,
Inc.
(Name of
Issuer)
Class A Common Stock, par
value $0.01 per share
(Title of
Class of Securities)
254067101
(CUSIP
Number)
Peter G.
Smith, Esq.
Kramer
Levin Naftalis & Frankel LLP
1177
Avenue of the Americas
New York,
NY 10036
(212)
715-9100
Marc
Weingarten, Esq.
Schulte
Roth & Zabel LLP
919 Third
Avenue
New York,
NY 10022
(212)
756-2000
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
March 20,
2008
(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: o.
(Continued
on following pages)
(Page 1
of 36 Pages)
SCHEDULE
13D
CUSIP No.
254067101 Page 2 of 36 Pages
1) NAME OF REPORTING
PERSON
Barington
Companies Equity Partners, L.P.
_______________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
_______________________________________________________________________________________________
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) o
_______________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
_______________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 597,230
SHARES
________________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH ________________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 597,230
WITH _________________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
________________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
597,230
________________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
__________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.84%
__________________________________________________________________________
14) TYPE OF REPORTING
PERSON
PN
__________________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 3 of 36 Pages
1) NAME OF REPORTING
PERSON
Barington
Companies Investors, LLC
___________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
___________________________________________________________________________________
3) SEC USE ONLY
___________________________________________________________________________________
4) SOURCE OF FUNDS OO
___________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
___________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
___________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 597,230
SHARES
____________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 597,230
WITH ____________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
___________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
597,230
___________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.84%
_________________________________________________________________
14) TYPE OF REPORTING
PERSON
OO
_________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 4 of 36 Pages
1) NAME OF REPORTING
PERSON
Barington
Investments, L.P.
__________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
___________________________________________________________________________________
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) o
___________________________________________________________________________________
6)CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
___________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 395,507
SHARES
_____________________________________________________________
BENEFICIALLY
8) SHARED VOTING
POWER
OWNED
BY none
EACH ____________________________________________________________
REPORTING
9) SOLE DISPOSITIVE
POWER
PERSON 395,507
WITH ____________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
___________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
395,507
___________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.56%
_________________________________________________________________
14) TYPE OF REPORTING
PERSON
PN
_________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 5 of 36 Pages
1) NAME OF REPORTING
PERSON
Barington
Companies Advisors, LLC
____________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
____________________________________________________________________________________
3) SEC USE ONLY
____________________________________________________________________________________
4) SOURCE OF FUNDS OO
____________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
____________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
____________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 395,507
SHARES
_____________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 395,507
WITH _____________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
____________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
395,507
____________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.56%
_________________________________________________________________
14) TYPE OF REPORTING
PERSON
OO
_________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 6 of 36 Pages
1) NAME OF REPORTING
PERSON
Barington
Companies Offshore Fund, Ltd.
____________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
____________________________________________________________________________________
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) o
____________________________________________________________________________________
6)CITIZENSHIP OR PLACE OF
ORGANIZATION
British Virgin Islands
____________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 1,042,132
SHARES
_____________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 1,042,132
WITH _____________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
____________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,042,132
____________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_________________________________________________________________
13)
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.46%
____________________________________________________________________________________
14)
TYPE
OF REPORTING PERSON
OO
____________________________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 7 of 36 Pages
1) NAME OF REPORTING
PERSON
Barington
Offshore Advisors II, LLC
____________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
____________________________________________________________________________________
3) SEC USE ONLY
____________________________________________________________________________________
4) SOURCE OF FUNDS OO
____________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
____________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
____________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 1,042,132
SHARES
_____________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 1,042,132
WITH _____________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
____________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,042,132
____________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
1.46%
_________________________________________________________________
14) TYPE OF REPORTING
PERSON
IA,
OO
____________________________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 8 of 36 Pages
1) NAME OF REPORTING
PERSON
Barington
Capital Group, L.P.
_______________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
_______________________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________________
4) SOURCE OF FUNDS OO
_______________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
_______________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
New York
_______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 2,034,869
SHARES
________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH ________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 2,034,869
WITH ________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
_______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,034,869
_______________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
____________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
2.86%
____________________________________________________________________
14) TYPE OF REPORTING
PERSON
PN
_______________________________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 9 of 36 Pages
1) NAME OF REPORTING
PERSON
LNA
Capital Corp.
___________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b) o
___________________________________________________________________________________
3) SEC USE ONLY
___________________________________________________________________________________
4) SOURCE OF FUNDS OO
___________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
___________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
___________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 2,034,869
SHARES
____________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 2,034,869
WITH ____________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
___________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,034,869
___________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
2.86%
_________________________________________________________________
14) TYPE OF REPORTING
PERSON
CO
____________________________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 10 of 36 Pages
1) NAME OF REPORTING
PERSON
James A.
Mitarotonda
______________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
______________________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________________
4) SOURCE OF FUNDS OO
______________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
______________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 2,034,869
SHARES
_______________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _______________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 2,034,869
WITH _______________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,034,869
______________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
___________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
2.86%
___________________________________________________________________
14) TYPE OF REPORTING
PERSON
IN
__________________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 11 of 36 Pages
1) NAME OF REPORTING
PERSON
RJG
Capital Partners, L.P.
______________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
______________________________________________________________________________________
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) o
______________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 11,500
SHARES
_______________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _______________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 11,500
WITH _______________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
11,500
______________________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES o
______________________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.02%
______________________________________________________________________________________
14) TYPE OF REPORTING
PERSON
PN
______________________________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 12 of 36 Pages
1) NAME OF REPORTING
PERSON
RJG
Capital Management, LLC
_________________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
_________________________________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________________________________
4) SOURCE OF FUNDS OO
_________________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR
2(e) o
_________________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
_________________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 11,500
SHARES
__________________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH __________________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 11,500
WITH __________________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
_________________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
11,500
_________________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_____________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.02%
_____________________________________________________________________
14) TYPE OF REPORTING
PERSON
OO
_____________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 13 of 36 Pages
1) NAME OF REPORTING
PERSON
Ronald J.
Gross
____________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
____________________________________________________________________________________
3) SEC USE ONLY
____________________________________________________________________________________
4)
SOURCE OF FUNDS OO
____________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
____________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
____________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF 11,500
SHARES
_____________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 11,500
WITH _____________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
____________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
11,500
____________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
__________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.02%
__________________________________________________________________
14) TYPE OF REPORTING
PERSON
IN
__________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 14 of 36 Pages
1) NAME OF REPORTING
PERSON
Clinton Multistrategy Master Fund,
Ltd.
____________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
____________________________________________________________________________________
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) o
____________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
____________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
_____________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 494,750
EACH _____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH _____________________________________________________________
10) SHARED DISPOSITIVE
POWER
494,750
____________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
494,750
____________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.70%
_________________________________________________________________
14) TYPE OF REPORTING
PERSON
CO
_________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 15 of 36 Pages
1) NAME OF REPORTING
PERSON
Clinton Special Opportunities Master
Fund, Ltd.
____________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
____________________________________________________________________________________
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) o
____________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
____________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
_____________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 20,000
EACH _____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH _____________________________________________________________
10) SHARED DISPOSITIVE
POWER
20,000
____________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
20,000
____________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0.03%
_________________________________________________________________
14) TYPE OF REPORTING
PERSON
CO
_________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 16 of 36 Pages
1) NAME OF REPORTING
PERSON
Clinton Magnolia Master Fund,
Ltd.
_____________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
_____________________________________________________________________________________
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) o
_____________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
_____________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
______________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 1,247,400
EACH ______________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH ______________________________________________________________
10) SHARED DISPOSITIVE
POWER
1,247,400
_____________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,247,400
_____________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
__________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
1.75%
__________________________________________________________________
14)
TYPE OF
REPORTING PERSON
CO
__________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 17 of 36 Pages
1) NAME OF REPORTING
PERSON
Clinton Lexington Master Fund,
L.P.
______________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
______________________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________________
4) SOURCE OF FUNDS AF
______________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
______________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
______________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
_______________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY none
EACH _______________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH _______________________________________________________________
10) SHARED DISPOSITIVE
POWER
none
______________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
none
______________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
___________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
none
___________________________________________________________________
14) TYPE OF REPORTING
PERSON
PN
___________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 18 of 36 Pages
1) NAME OF REPORTING
PERSON
Clinton
Group, Inc.
_____________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
_____________________________________________________________________________________
3) SEC USE ONLY
_____________________________________________________________________________________
4) SOURCE OF FUNDS AF
_____________________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS
2(d) OR 2(e) o
_____________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
_____________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
______________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 1,762,150
EACH ______________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH ______________________________________________________________
10) SHARED DISPOSITIVE
POWER
1,762,150
_____________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,762,150
_____________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
__________________________________________________________________
13)
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
2.48%
__________________________________________________________________
14)
TYPE OF
REPORTING PERSON
IA,
CO
__________________________________________________________________
SCHEDULE
13D
CUSIP No.
254067101 Page 19 of 36 Pages
1) NAME OF REPORTING
PERSON
George E. Hall
_____________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (a) x
(b)
o
_____________________________________________________________________________________
3) SEC USE ONLY
_____________________________________________________________________________________
4) SOURCE OF FUNDS AF
_____________________________________________________________________________________
5)
CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) o
_____________________________________________________________________________________
6) CITIZENSHIP OR PLACE OF
ORGANIZATION
United States
_____________________________________________________________________________________
7) SOLE VOTING POWER
NUMBER
OF none
SHARES
______________________________________________________________
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED
BY 1,762,150
EACH ______________________________________________________________
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON none
WITH ______________________________________________________________
10) SHARED DISPOSITIVE
POWER
1,762,150
_____________________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,762,150
_____________________________________________________________________________________
12) CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
__________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
2.48%
__________________________________________________________________
14) TYPE OF REPORTING
PERSON
IN
__________________________________________________________________
This
Amendment No. 3 amends and supplements the Schedule 13D filed with the
Securities and Exchange Commission (the “SEC”) on January 29, 2008, as amended
by that certain Amendment No. 1 filed with the SEC on March 4, 2008 and that
certain Amendment No. 2 filed with the SEC on March 19, 2008 (collectively, the
"Statement"), by and on behalf of Barington Companies Equity Partners, L.P.
(“Barington”) and others with respect to the Class A common stock, par value
$0.01 per share (the “Common Stock”), of Dillard’s Inc., a Delaware corporation
(the “Company”). The principal executive offices of the Company are located at
1600 Cantrell Road, Little Rock, Arkansas 72201.
Item
2. Identity and
Background.
The
second paragraph of Item 2 (a) - (c) of the Statement is hereby amended and
restated as follows:
As of
March 21, 2008, the Reporting Entities are the beneficial owners of, in the
aggregate, 3,808,519 shares of Common Stock, representing approximately 5.35% of
the shares of Common Stock presently outstanding based upon the 71,155,347
shares of Common Stock reported by the Company to be issued and outstanding as
of December 1, 2007 in its Form 10-Q filed with the SEC on December 5, 2007 (the
“Issued and Outstanding Shares”). Clinton
Lexington Master Fund, L.P. no longer beneficially owns Common Stock of the
Company and, as a result, is no longer required to be included as a member of
any group with the other Reporting Entities in future amendments to this
Schedule 13D.
Item
3. Source and Amount of Funds
or Other Consideration.
Item 3 of the Statement is hereby
amended and supplemented as follows:
Since the
filing of the Statement, the Reporting Entities purchased an aggregate of
381,650 shares of Common Stock and 74,700 shares of Common Stock subject to
American-style call options. The amount of funds expended for
purchases of Common Stock since the filing of the Statement was
approximately $3,308,328.00 by Clinton Magnolia Master Fund, Ltd and
$3,450,709.50 by Clinton Magnolia Master Fund, Ltd. The amount of
funds expended for purchases of American-style call options to acquire Common
Stock since the filing of the Statement was approximately $4,380.00 by Barington
Companies Equity Partners, L.P., $2,900.00 by Barington Investments, L.P. and
$7,660.00 by Barington Companies Offshore Fund, Ltd.
All
purchases of Common Stock and American-style call options to acquire Common
Stock by the Reporting Entities since the filing of the Statement were made in
open market transactions. All such purchases of Common Stock
and American-style call options to acquire Common Stock were funded by
working capital, which may, at any given time, include margin loans made by
brokerage firms in the ordinary course of business. All transactions
in shares of Common Stock effected by the Reporting Entities since the filing of
the Statement, including, without limitation, shares of Common Stock subject to
listed American-style call and put options, are set forth in the Schedule
attached hereto and incorporated herein by reference.
Item
4. Purpose of
Transaction.
Item 4 of the Statement is hereby
amended and supplemented as follows:
On March
20, 2008, Barington and Clinton Multistrategy Master Fund, Ltd. (“Clinton”) delivered a letter (the
“March Demand Letter”) to the Company demanding, pursuant to Section 220 of the
Delaware General Corporation Law and the common law of the State of Delaware,
copies of certain books and records of the Company in order to enable Barington
and Clinton to investigate and communicate with the Company’s stockholders
regarding matters relating to their mutual interests as stockholders, including,
without limitation, the use of corporate assets, the levels and types of
compensation, perquisites and benefits provided to directors and executive
officers of the Company or related parties, the nature of any family, business
or personal relationships between the Company’s executive officers and
directors, Board oversight and certain decisions by the Board or its committees
regarding the foregoing matters or otherwise affecting the Board, the management
or corporate governance of the Company or other interests of
stockholders. A copy of the March Demand Letter is attached as
Exhibit 99.7 and incorporated herein by reference. The foregoing
description of the March Demand Letter is qualified in its entirety by reference
to such exhibit.
Item
5. Interest in Securities of
the Issuer.
Items
5(a) - (c) of the Statement are hereby amended and restated as
follows:
(a) – (b)
As of March 21, 2008, Barington Companies Equity Partners, L.P. beneficially
owns an aggregate of 597,230 shares of Common Stock, which includes 29,400
shares of Common Stock subject to call options, representing approximately
0.84% of the Issued and Outstanding Shares. As of March 21, 2008,
Barington Investments, L.P. beneficially owns 395,507 shares of Common Stock,
which includes 19,400 shares of Common Stock subject to call options, representing approximately
0.56% of the Issued and Outstanding Shares. As of March 21, 2008,
Barington Companies Offshore Fund, Ltd. beneficially owns 1,042,132 shares of
Common Stock, which includes 51,200 shares of Common Stock subject to call
options, representing approximately 1.46% of the Issued and Outstanding
Shares. As the general partner of Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC may be deemed to beneficially
own the 597,230 shares of Common Stock beneficially owned by Barington Companies
Equity Partners, L.P., which includes 29,400 shares of Common Stock subject to
call options, representing approximately
0.84% of the Issued and Outstanding Shares. As the general partner of
Barington Investments, L.P., Barington Companies Advisors, LLC may be deemed to
beneficially own the 395,507 shares of Common Stock beneficially owned by
Barington Investments, L.P., which includes 19,400 shares of Common Stock
subject to call options, representing approximately 0.56% of the Issued and
Outstanding Shares. As the investment advisor to Barington Companies
Offshore Fund, Ltd., Barington Offshore Advisors II, LLC may be deemed to
beneficially own the 1,042,132 shares of Common Stock beneficially owned by
Barington Companies Offshore Fund, Ltd., which includes 51,200 shares of
Common Stock subject to call options, representing approximately 1.46% of the
Issued and Outstanding Shares. As the majority member of Barington
Companies Investors, LLC, Barington Companies Advisors, LLC and Barington
Offshore Advisors II, LLC, Barington Capital Group, L.P. may be deemed to
beneficially own the 597,230 shares of Common Stock beneficially owned by
Barington Companies Equity Partners, L.P., the 395,507 shares of Common Stock
beneficially owned by Barington Investments, L.P. and the 1,042,132 shares of
Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd.,
constituting an aggregate of 2,034,869 shares of Common Stock, including an
aggregate of 100,000 shares of Common Stock subject to call options,
representing approximately 2.86% of the Issued and Outstanding
Shares. As the general partner of Barington Capital Group, L.P., LNA
Capital Corp. may be deemed to beneficially own the 597,230 shares of Common
Stock beneficially owned by Barington Companies Equity Partners, L.P., the
395,507 shares of Common Stock beneficially
owned by
Barington Investments, L.P. and the 1,042,132 shares of Common Stock
beneficially owned by Barington Companies Offshore Fund, Ltd., constituting an
aggregate of 2,034,869 shares of Common Stock, including an aggregate of 100,000
shares of Common Stock subject to call options, representing approximately 2.86%
of the Issued and Outstanding Shares. As the sole stockholder and
director of LNA Capital Corp., James A. Mitarotonda may be deemed to
beneficially own the 597,230 shares of Common Stock beneficially owned by
Barington Companies Equity Partners, L.P., the 395,507 shares of Common Stock
beneficially owned by Barington Investments, L.P. and the 1,042,132 shares of
Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd.,
constituting an aggregate of 2,034,869 shares of Common Stock, including an
aggregate of 100,000 shares of Common Stock subject to call options,
representing approximately 2.86% of the Issued and Outstanding
Shares. Mr. Mitarotonda has sole voting and dispositive power
with respect to the 597,230 shares of Common Stock beneficially owned by
Barington Companies Equity Partners, L.P., which includes 29,400 shares of
Common Stock subject to call options, the 395,507 shares of
Common Stock beneficially owned by
Barington Investments, L.P., which includes 19,400 shares of Common Stock
subject to call options, and the 1,042,132 shares of Common Stock beneficially
owned by Barington Companies Offshore Fund, Ltd., which includes 51,200
shares of Common Stock subject to call options. Mr. Mitarotonda
disclaims beneficial ownership of any such shares except to the extent of his
pecuniary interest therein.
As of March 21, 2008, RJG Capital
Partners, L.P. beneficially owns 11,500 shares of Common Stock, representing
approximately 0.02% of the Issued and Outstanding Shares. As the
general partner of RJG Capital Partners, L.P., RJG Capital Management, LLC may
be deemed to beneficially own the 11,500 shares owned by RJG Capital Partners,
L.P., representing approximately 0.02% of the Issued and Outstanding
Shares. As the managing member of RJG Capital Management, LLC, which
in turn is the general partner of RJG Capital Partners, L.P., Mr. Gross may be
deemed to beneficially own the 11,500 shares owned by RJG Capital Partners,
L.P., representing approximately 0.02% of the Issued and Outstanding
Shares. Mr. Gross has sole voting and dispositive power with respect
to the 11,500 shares owned by RJG Capital Partners, L.P. by virtue of his
authority to vote and dispose of such shares. Mr. Gross disclaims
beneficial ownership of any such shares except to the extent of his pecuniary
interest therein.
As of March 21, 2008, Clinton
Multistrategy Master Fund, Ltd. beneficially owns 494,750 shares of Common
Stock, representing approximately 0.70% of the Issued and Outstanding
Shares. As of March 21, 2008, Clinton Special Opportunities Master
Fund, Ltd. beneficially owns 20,000 shares of Common Stock subject to call
options, representing approximately 0.03% of the Issued and Outstanding
Shares. As of March 21, 2008, Clinton Magnolia Master Fund, Ltd.
beneficially owns 1,247,400 shares of Common Stock, representing approximately
1.75% of the Issued and Outstanding Shares. By virtue of investment
management agreements with each of Clinton Multistrategy Master Fund, Ltd.,
Clinton Special Opportunities Master Fund, Ltd. and Clinton Magnolia Master
Fund, Ltd., Clinton Group, Inc.
may be
deemed to beneficially own the 494,750 shares of Common Stock beneficially owned
by Clinton Multistrategy Master Fund, Ltd., the 20,000 shares of Common Stock
subject to call options beneficially owned by Clinton Special Opportunities
Master Fund, Ltd. and the 1,247,400 shares of Common Stock beneficially owned by
Clinton Magnolia Master Fund, Ltd., constituting an aggregate of 1,762,150
shares of Common Stock, including an aggregate of 20,000 shares of Common Stock
subject to call options, representing approximately 2.48% of the Issued and
Outstanding Shares. By virtue of his direct and indirect control of
Clinton Group, Inc., Mr. Hall may be deemed to beneficially own the 494,750
shares of Common Stock beneficially owned by Clinton Multistrategy Master Fund,
Ltd., the 20,000 shares of Common Stock subject to call options beneficially
owned by Clinton Special Opportunities Master Fund, Ltd., and the 1,247,400
shares of Common Stock beneficially owned by Clinton Magnolia Master Fund, Ltd.,
constituting an aggregate of 1,762,150 shares of Common Stock, including an
aggregate of 20,000 shares of Common Stock subject to call options, representing
approximately 2.48% of the Issued and Outstanding Shares. By virtue
of investment management agreements with each of Clinton Multistrategy Master
Fund, Ltd., Clinton Special Opportunities Master Fund, Ltd. and Clinton Magnolia
Master Fund, Ltd., Clinton Group, Inc. has the power to vote or direct the
voting, and to dispose or direct the disposition, of the 494,750 shares of
Common Stock beneficially owned by Clinton Multistrategy Master Fund, Ltd., the
20,000 shares of Common Stock subject to call options beneficially owned by
Clinton Special Opportunities Master Fund, Ltd. and the 1,247,400 shares of
Common Stock beneficially owned by Clinton Magnolia Master Fund, Ltd. By virtue
of his direct and indirect control of Clinton Group, Inc., Mr. Hall is deemed to
have shared voting power and shared dispositive power with respect to all shares
of Common Stock as to which Clinton Group, Inc. has voting power or dispositive
power. Accordingly, Clinton Group, Inc. and Mr. Hall are deemed to
have shared voting and shared dispositive power with respect to the 494,750
shares of Common Stock beneficially owned by Clinton Multistrategy Master Fund,
Ltd., the 20,000 shares of Common Stock subject to call options beneficially
owned by Clinton Special Opportunities Master Fund, Ltd. and the 1,247,400
shares of Common Stock beneficially owned by Clinton Magnolia Master Fund,
Ltd. Mr. Hall disclaims beneficial ownership of any such shares
except to the extent of his pecuniary interest therein.
Except to the extent expressly stated
herein, each Reporting Entity disclaims beneficial ownership of any shares of
Common Stock beneficially owned by any other Reporting Entity.
The Reporting Entities do not believe
that certain of the foregoing information is called for by the Items of Schedule
13D and are disclosing it for supplemental informational purposes
only. Information with respect to each of the Reporting Entities is
given solely by such Reporting Entity and no Reporting Entity shall have
responsibility for the accuracy or completeness of information supplied by
another Reporting Entity.
(c) Information concerning
all transactions in shares of Common Stock effected by the Reporting Entities
since the filing of the Statement, including, without limitation, with respect
to shares of Common Stock subject to listed American-style call and
put options, is set forth in the Schedule attached hereto and incorporated
herein by reference.
Item
7. Material to be Filed as
Exhibits.
|
99.7
|
Letter
dated March 20, 2008 from Barington and Clinton to the
Company.
|
SIGNATURES
After reasonable inquiry and to the
best knowledge and belief of the undersigned, the undersigned certify that the
information set forth in this Statement is true, complete and
correct.
Dated: March
24, 2008
BARINGTON
COMPANIES EQUITY PARTNERS, L.P.
By: Barington
Companies Investors, LLC, its general partner
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: Managing
Member
BARINGTON
COMPANIES INVESTORS, LLC
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title:
Managing Member
BARINGTON
INVESTMENTS, L.P.
By: Barington
Companies Advisors, LLC, its general partner
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: Managing
Member
BARINGTON
COMPANIES ADVISORS, LLC
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: Managing
Member
BARINGTON
COMPANIES OFFSHORE FUND, LTD.
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: Authorized
Signatory
BARINGTON
OFFSHORE ADVISORS II, LLC
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: Managing
Member
BARINGTON
CAPITAL GROUP, L.P.
By: LNA
Capital Corp., its general
partner
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: President
and CEO
LNA
CAPITAL CORP.
By: /s/ James A.
Mitarotonda
Name:
James A. Mitarotonda
Title: President
and CEO
/s/ James A.
Mitarotonda
James A.
Mitarotonda
RJG
CAPITAL PARTNERS, L.P.
By: RJG
Capital Management, LLC, its general partner
By: /s/ Ronald J.
Gross
Name:
Ronald J. Gross
Title:
Managing Member
RJG
CAPITAL MANAGEMENT, LLC
By: /s/ Ronald J.
Gross
Name:
Ronald J. Gross
Title: Managing
Member
/s/ Ronald J.
Gross
Ronald J.
Gross
CLINTON
MULTISTRATEGY MASTER FUND, LTD.
By:
Clinton Group, Inc., its investment manager
By: /s/ Francis
Ruchalski
Name: Francis
Ruchalski
Title:
Chief Financial Officer
CLINTON
SPECIAL OPPORTUNITIES MASTER FUND, LTD.
By:
Clinton Group, Inc., its investment manager
By: /s/ Francis
Ruchalski
Name: Francis
Ruchalski
Title:
Chief Financial Officer
CLINTON
MAGNOLIA MASTER FUND, LTD.
By:
Clinton Group, Inc., its investment manager
By: /s/ Francis
Ruchalski
Name: Francis
Ruchalski
Title:
Chief Financial Officer
CLINTON
LEXINGTON MASTER FUND, L.P.
By:
Clinton Group, Inc., its investment manager
By: /s/ Francis
Ruchalski
Name: Francis
Ruchalski
Title:
Chief Financial Officer
CLINTON
GROUP, INC.
By: /s/ Francis
Ruchalski
Name: Francis
Ruchalski
Title:
Chief Financial Officer
/s/ George E.
Hall
George E.
Hall
SCHEDULE
This schedule sets forth information
with respect to each purchase and sale of Common Stock and purchase and sale of
listed American-style call and put options which were effectuated by a Reporting
Entity since the filing of the Statement. All transactions were
effectuated in the open market through a broker.
Options
purchased and sold by Barington Companies Equity Partners, L.P.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/19/2008
|
Sell
|
Put
|
(14,700)
|
$17.50
|
3/22/2008
|
$0.550
|
$(8,085.00)
|
|
3/19/2008
|
Buy
|
Call
|
21,900
|
$17.50
|
3/22/2008
|
$0.200
|
$4,380.00
|
|
3/19/2008
|
Sell
|
Call
|
(43,900)
|
$17.50
|
3/22/2008
|
$0.267
|
$(11,721.30)
|
|
3/20/2008
|
Sell
|
Call
|
(36,800)
|
$17.50
|
3/22/2008
|
$0.503
|
$(18,510.40)
|
|
3/20/2008
|
Sell
|
Put
|
(13,000)
|
$17.50
|
3/22/2008
|
$0.050
|
$(650.00)
|
|
3/20/2008
|
Expired
|
Put
|
(3,400)
|
$17.50
|
3/22/2008
|
|
|
Options
purchased and sold by Barington Investments, L.P.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/19/2008
|
Sell
|
Put
|
(9,700)
|
$17.50
|
3/22/2008
|
$0.550
|
$(5,335.00)
|
|
3/19/2008
|
Buy
|
Call
|
14,500
|
$17.50
|
3/22/2008
|
$0.200
|
$2,900.00
|
|
3/19/2008
|
Sell
|
Call
|
(29,100)
|
$17.50
|
3/22/2008
|
$0.267
|
$(7,769.70)
|
|
3/20/2008
|
Sell
|
Call
|
(24,200)
|
$17.50
|
3/22/2008
|
$0.503
|
$(12,172.60)
|
|
3/20/2008
|
Sell
|
Put
|
(8,700)
|
$17.50
|
3/22/2008
|
$0.050
|
$(435.00)
|
|
3/20/2008
|
Expired
|
Put
|
(2,300)
|
$17.50
|
3/22/2008
|
|
|
Options
purchased and sold by Barington Companies Offshore Fund, Ltd.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/19/2008
|
Sell
|
Put
|
(25,600)
|
$17.50
|
3/22/2008
|
$0.550
|
$(14,080.00)
|
|
3/19/2008
|
Buy
|
Call
|
38,300
|
$17.50
|
3/22/2008
|
$0.200
|
$7,660.00
|
|
3/19/2008
|
Sell
|
Call
|
(76,700)
|
$17.50
|
3/22/2008
|
$0.267
|
$(20,478.90)
|
|
3/20/2008
|
Sell
|
Call
|
(64,000)
|
$17.50
|
3/22/2008
|
$0.503
|
$(32,192.00)
|
|
3/20/2008
|
Sell
|
Put
|
(23,300)
|
$17.50
|
3/22/2008
|
$0.050
|
$(1,165.00)
|
|
3/20/2008
|
Expired
|
Put
|
(5,700)
|
$17.50
|
3/22/2008
|
|
|
Shares
purchased and sold by Clinton Multistrategy Master Fund, Ltd.
|
Date
|
Number of Shares
|
Price per Share
|
Cost(*)
|
|
3/19/2008
|
134,500
|
$17.443
|
$2,346,083.50
|
|
3/19/2008
|
1,600
|
$17.104
|
$27,366.40
|
|
3/20/2008
|
(127,000)
|
$15.000
|
$(1,905,000.00)
|
|
3/20/2008
|
(28,900)
|
$17.500
|
$(505,750.00)
|
|
3/20/2008
|
51,350
|
$18.206
|
$934,878.10
|
Options
purchased and sold by Clinton Multistrategy Master Fund, Ltd.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/19/2008
|
Cover
Short
|
Call
|
20,000
|
$15.00
|
3/21/2008
|
$2.460
|
$49,200.00
|
|
3/19/2008
|
Cover
Short
|
Call
|
13,000
|
$15.00
|
3/21/2008
|
$2.750
|
$35,750.00
|
|
3/19/2008
|
Short
Sell
|
Call
|
(60,000)
|
$17.50
|
4/19/2008
|
$1.150
|
$(69,000.00)
|
|
3/20/2008
|
Short
Sell
|
Call
|
(30,000)
|
$20.00
|
4/19/2008
|
$0.500
|
$(15,000.00)
|
|
3/20/2008
|
Short Sell
|
Call
|
(30,000)
|
$17.50
|
4/19/2008
|
$1.387
|
$(41,610.00)
|
Options
purchased and sold by Clinton Special Opportunities Master Fund,
Ltd.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/19/2008
|
Cover
Short
|
Call
|
10,000
|
$15.00
|
3/21/2008
|
$2.750
|
$27,500.00
|
Shares
purchased by Clinton Magnolia Master Fund, Ltd.
|
Date
|
Number of Shares
|
Price per Share
|
Cost(*)
|
|
3/19/2008
|
17,400
|
$17.330
|
$301,542.00
|
|
3/19/2008
|
1,100
|
$17.104
|
$18,814.40
|
|
3/19/2008
|
89,700
|
$17.443
|
$1,564,637.10
|
|
3/20/2008
|
86,000
|
$18.206
|
$1,565,716.00
|
|
3/20/2008
|
(70,300)
|
$17.500
|
$(1,230,250.00)
|
Options
purchased and sold by Clinton Magnolia Master Fund, Ltd.
|
Date
|
Transaction Type
|
Type
|
Quantity
|
Exercise Price
|
Expiration Date
|
Unit Price
|
Cost(*)
|
|
3/19/2008
|
Cover
Short
|
Call
|
40,000
|
$15.00
|
3/21/2008
|
$2.559
|
$102,360.00
|
|
3/19/2008
|
Short
Sell
|
Call
|
(120,000)
|
$17.50
|
4/19/2008
|
$1.150
|
$(138,000.00)
|
|
3/20/2008
|
Short
Sell
|
Call
|
(60,000)
|
$20.00
|
4/19/2008
|
$0.504
|
$(30,240.00)
|
|
3/20/2008
|
Short
Sell
|
Call
|
(110,000)
|
$17.50
|
4/19/2008
|
$1.364
|
$(150,040.00)
|
Shares
sold by Clinton Lexington Master Fund, L.P.
|
Date
|
Number of Shares
|
Price per Share
|
Cost(*)
|
|
3/19/2008
|
(17,400)
|
$17.330
|
$(301,542.00)
|
|
3/20/2008
|
(121,700)
|
$15.000
|
$(1,825,500.00)
|
|
3/20/2008
|
(10,600)
|
$17.500
|
$(185,500.00)
|
-------------------------------------------
(*) Excludes
commissions and other execution-related costs