UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Lancaster Colony Corporation
----------------------------
(Name of Issuer)
Common Stock, no par value per share
------------------------------------
(Title of Class of Securities)
513847103
---------
(CUSIP Number)
Mr. James A. Mitarotonda
c/o Barington Companies Equity Partners, L.P.
888 Seventh Avenue, 17th Floor
New York, NY 10019
(212) 974-5700
--------------
(Name, Address and
Telephone Number of Person Authorized to
Receive Notices
and Communications)
March 9, 2007
-------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box: |_|.
(Continued on following pages)
(Page 1 of 46 Pages)
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 2 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Barington Companies Equity Partners, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 13-4088890
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 472,281
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 472,281
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 472,281
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 1.49%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 3 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Barington Companies Investors, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 13-4126527
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 472,281
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 472,281
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 472,281
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 1.49%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 4 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Barington Investments, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 20-2871525
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 219,251
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 219,251
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 219,251
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.69%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 5 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Barington Companies Advisors, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 20-0327470
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 219,251
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 219,251
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 219,251
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.69%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 6 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Benchmark Opportunitas Fund plc
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
--------------------------------------------------------------------------------
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 Ireland
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 42,782
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 42,782
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 42,782
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.14%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 7 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Barington Offshore Advisors, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 20-4797640
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 42,782
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 42,782
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 42,782
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.14%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA, OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 8 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Barington Companies Offshore Fund, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
--------------------------------------------------------------------------------
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 British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 796,498
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 796,498
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 796,498
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 2.52%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 9 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Barington Offshore Advisors II, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 20-8325785
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 796,498
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 796,498
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 796,498
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 2.52%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA, OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 10 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Barington Capital Group, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 13-3635132
--------------------------------------------------------------------------------
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 New York
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 1,530,812
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 1,530,812
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 1,530,812
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 4.84%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 11 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: LNA Capital Corp.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 13-3635168
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 1,530,812
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 1,530,812
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 1,530,812
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 4.84%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 12 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: James A. Mitarotonda
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
--------------------------------------------------------------------------------
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 United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 1,530,812
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 1,530,812
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 1,530,812
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 4.84%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 13 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: RJG Capital Partners, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 20-0133443
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 4,300
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 4,300
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 4,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.01%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 14 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: RJG Capital Management, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 20-0027325
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 4,300
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 4,300
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 4,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.01%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 15 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Ronald Gross
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
--------------------------------------------------------------------------------
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 United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 4,300
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 4,300
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 4,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.01%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 16 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: D.B. Zwirn Special Opportunities Fund, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 73-1637217
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 34,270
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 34,270
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 34,270
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.11%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 17 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: D.B. Zwirn Special Opportunities Fund, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 66,754
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 66,754
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 66,754
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.21%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 18 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: HCM/Z Special Opportunities LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 98-0436333
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 7,908
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 7,908
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 7,908
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.03%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 19 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: D.B. Zwirn & Co., L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 02-0597442
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 108,932
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 108,932
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 108,932
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.34%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 20 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: DBZ GP, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 42-1657316
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 108,932
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 108,932
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 108,932
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.34%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 21 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Zwirn Holdings, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 30-0080444
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 108,932
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 108,932
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 108,932
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.34%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 513847103 Page 22 of 46 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Daniel B. Zwirn
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
--------------------------------------------------------------------------------
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 United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 108,932
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER none
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 108,932
REPORTING ----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER none
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 108,932
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 0.34%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
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Page 23 of 46 Pages
Item 1. Security and Issuer.
This statement on Schedule 13D (the "Statement") relates to the common
stock, no par value per share (the "Common Stock"), of Lancaster Colony
Corporation, an Ohio corporation (the "Company"). The principal executive
offices of the Company are located at 37 West Broad Street, Columbus, Ohio
43215.
Item 2. Identity and Background.
(a) - (c) This Statement is being filed by Barington Companies Equity
Partners, L.P., Barington Companies Investors, LLC, Barington Investments, L.P.,
Barington Companies Advisors, LLC, Benchmark Opportunitas Fund plc, Barington
Offshore Advisors, LLC, Barington Companies Offshore Fund, Ltd., Barington
Offshore Advisors II, LLC, Barington Capital Group, L.P., LNA Capital Corp.,
James A. Mitarotonda, RJG Capital Partners, L.P., RJG Capital Management, LLC,
Ronald Gross, D.B. Zwirn Special Opportunities Fund, L.P., D.B. Zwirn Special
Opportunities Fund, Ltd., HCM/Z Special Opportunities LLC, D.B. Zwirn & Co.,
L.P., DBZ GP, LLC, Zwirn Holdings, LLC and Daniel B. Zwirn (each, a "Reporting
Entity" and, collectively, the "Reporting Entities").
As of March 16, 2007, the Reporting Entities are the beneficial owners of,
in the aggregate, 1,644,044 shares of Common Stock, representing approximately
5.20% of the shares of Common Stock presently outstanding.
Barington Companies Equity Partners, L.P. is a Delaware limited
partnership. The principal business of Barington Companies Equity Partners, L.P.
is acquiring, holding and disposing of investments in various companies. The
address of the principal business and principal office of Barington Companies
Equity Partners, L.P. is 888 Seventh Avenue, 17th Floor, New York, New York
10019.
Barington Investments, L.P. is a Delaware limited partnership. The
principal business of Barington Investments, L.P. is acquiring, holding and
disposing of investments in various companies. The address of the principal
business and principal office of Barington Investments, L.P. is 888 Seventh
Avenue, 17th Floor, New York, New York 10019.
Benchmark Opportunitas Fund plc is a public limited company incorporated
under the laws of Ireland as an investment company. The principal business of
Benchmark Opportunitas Fund plc is acquiring, holding and disposing of
investments in various companies. The address of the principal business and
principal office of Benchmark Opportunitas Fund, plc is Styne House, 2nd Floor,
Upper Hatch Street, Dublin 2, Ireland. The directors of Benchmark Opportunitas
Fund plc and their principal occupations and business addresses are set forth on
Schedule I and incorporated by reference in this Item 2.
Barington Companies Offshore Fund, Ltd. is an international business
company organized under the laws of the British Virgin Islands. The principal
business of Barington Companies Offshore Fund, Ltd. is acquiring, holding and
disposing of investments in various companies. The address of the principal
business and principal office of Barington Companies Offshore Fund, Ltd. is c/o
Bison Financial Services Limited, Bison Court, Road Town, Tortola, British
Virgin Islands. The executive officers and directors of Barington Companies
Offshore Fund, Ltd. and their principal occupations and business addresses are
set forth on Schedule II and incorporated by reference in this Item 2.
Page 24 of 46 Pages
The general partner of Barington Companies Equity Partners, L.P. is
Barington Companies Investors, LLC. Barington Companies Investors, LLC is a
Delaware limited liability company. The principal business of Barington
Companies Investors, LLC is serving as the general partner of Barington
Companies Equity Partners, L.P. The address of the principal business and
principal office of Barington Companies Investors, LLC is 888 Seventh Avenue,
17th Floor, New York, New York 10019. James A. Mitarotonda is the Managing
Member of Barington Companies Investors, LLC.
The general partner of Barington Investments, L.P. is Barington Companies
Advisors, LLC. Barington Companies Advisors, LLC is a Delaware limited liability
company. The principal business of Barington Companies Advisors, LLC is serving
as the general partner of Barington Investments, L.P. The address of the
principal business and principal office of Barington Companies Advisors, LLC is
888 Seventh Avenue, 17th Floor, New York, New York 10019. James A. Mitarotonda
is the Managing Member of Barington Companies Advisors, LLC.
The investment advisor of Benchmark Opportunitas Fund plc is Barington
Offshore Advisors, LLC. Barington Offshore Advisors, LLC is a Delaware limited
liability company. The principal business of Barington Offshore Advisors, LLC is
serving as the investment advisor of Benchmark Opportunitas Fund plc. The
address of the principal business and principal office of Barington Offshore
Advisors, LLC is 888 Seventh Avenue, 17th Floor, New York, New York 10019. James
A. Mitarotonda is the Managing Member of Barington Offshore Advisors, LLC.
The investment advisor of Barington Companies Offshore Fund, Ltd. is
Barington Offshore Advisors II, LLC. Barington Offshore Advisors II, LLC is a
Delaware limited liability company. The principal business of Barington Offshore
Advisors II, LLC is serving as the investment advisor of Barington Companies
Offshore Fund, Ltd. The address of the principal business and principal office
of Barington Offshore Advisors II, LLC is 888 Seventh Avenue, 17th Floor, New
York, New York 10019. James A. Mitarotonda is the Managing Member of Barington
Offshore Advisors II, LLC.
Barington Companies Investors, LLC, Barington Companies Advisors, LLC,
Barington Offshore Advisors, LLC and Barington Offshore Advisors II, LLC are
each majority-owned subsidiaries of Barington Capital Group, L.P. Barington
Capital Group, L.P. is a New York limited partnership. The principal business of
Barington Capital Group, L.P. is acquiring, holding and disposing of investments
in various companies. The address of the principal business and principal office
of Barington Capital Group, L.P. is 888 Seventh Avenue, 17th Floor, New York,
New York 10019.
The general partner of Barington Capital Group, L.P. is LNA Capital Corp.
LNA Capital Corp. is a Delaware corporation. The principal business of LNA
Capital Corp. is serving as the general partner of Barington Capital Group, L.P.
The address of the principal business and principal office of LNA Capital Corp.
is c/o Barington Capital Group, L.P., 888 Seventh Avenue, 17th Floor, New York,
New York 10019. James A. Mitarotonda is the sole stockholder and director of LNA
Capital Corp. The executive officers of LNA Capital Corp. and their principal
occupations and business addresses are set forth on Schedule III and
incorporated by reference in this Item 2. The principal occupation of Mr.
Mitarotonda is serving as the Chairman and Chief Executive Officer of Barington
Capital Group, L.P. The business address of Mr. Mitarotonda is c/o Barington
Capital Group, L.P., 888 Seventh Avenue, 17th Floor, New York, New York 10019.
RJG Capital Partners, L.P. is a Delaware limited partnership formed to
engage in the business of acquiring, holding and disposing of investments in
various companies. The address
Page 25 of 46 Pages
of the principal offices of RJG Capital Partners, L.P. is 11517 West Hill Drive,
North Bethesda, Maryland 20852.
The general partner of RJG Capital Partners, L.P. is RJG Capital
Management, LLC. RJG Capital Management, LLC is a Delaware limited liability
company formed to be the general partner of RJG Capital Partners, L.P. The
address of the principal offices of RJG Capital Management, LLC is 11517 West
Hill Drive, North Bethesda, Maryland 20852. Ronald Gross is the Managing Member
of RJG Capital Management, LLC. The business address of Mr. Gross is c/o RJG
Capital Management, LLC, 11517 West Hill Drive, North Bethesda, Maryland 20852.
D.B. Zwirn Special Opportunities Fund, L.P. is a Delaware limited
partnership formed to be a private investment fund. The address of the principal
business and principal office of D.B. Zwirn Special Opportunities Fund, L.P. is
745 Fifth Avenue, 18th Floor, New York, New York 10151.
D.B. Zwirn Special Opportunities Fund, Ltd. is an exempted company
organized under the laws of the Cayman Islands formed to be a private investment
fund. The address of the principal business and principal office of D.B. Zwirn
Special Opportunities Fund, Ltd. is c/o Goldman Sachs (Cayman) Trust, Limited,
P.O. Box 896 GT, George Town, Harbour Centre, 2nd Floor, Grand Cayman, Cayman
Island, British West Indies. HCM/Z Special Opportunities LLC is an exempted
company organized under the laws of the Cayman Islands formed to be used as an
investment vehicle. The address of the principal business and principal office
of HCM/Z Special Opportunities LLC is c/o Highbridge Capital Corporation,
Corporate Centre, 4th Floor, 27 Hospital Road, Grand Cayman, Cayman Islands,
British West Indies. There are no officers of D.B. Zwirn Special Opportunities
Fund, Ltd. or HCM/Z Special Opportunities LLC. The directors of D.B. Zwirn
Special Opportunities Fund, Ltd. and HCM/Z Special Opportunities LLC and their
principal occupations and business addresses are set forth on Schedule IV and
incorporated by reference in this Item 2.
The manager of D.B. Zwirn Special Opportunities Fund, L.P., D.B. Zwirn
Special Opportunities Fund, Ltd. and HCM/Z Special Opportunities LLC is D.B.
Zwirn & Co., L.P. D.B. Zwirn & Co., L.P. is a Delaware limited partnership.
The principal business of D.B. Zwirn & Co., L.P. is acting as the manager of
D.B. Zwirn Special Opportunities Fund, L.P., D.B. Zwirn Special Opportunities
Fund, Ltd. and HCM/Z Special Opportunities LLC. The address of the principal
business and principal office of D.B. Zwirn & Co., L.P. is 745 Fifth Avenue,
18th Floor, New York, New York 10151. The general partner of D.B. Zwirn & Co.,
L.P. is DBZ GP, LLC. DBZ GP, LLC is a Delaware limited liability company that
acts as the general partner of D.B. Zwirn & Co., L.P. The address of the
principal business and principal office of DBZ GP, LLC is 745 Fifth Avenue, 18th
Floor, New York, New York 10151.
The managing member of DBZ GP, LLC is Zwirn Holdings, LLC. Zwirn Holdings,
LLC is a Delaware limited liability company that acts as the managing member of
DBZ GP, LLC. The address of the principal business and principal office of Zwirn
Holdings, LLC is 745 Fifth Avenue, 18th Floor, New York, New York 10151. Daniel
B. Zwirn is the managing member of Zwirn Holdings, LLC. The business address of
Mr. Zwirn is c/o D.B. Zwirn & Co., L.P., 745 Fifth Avenue, 18th Floor, New York,
New York 10151.
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.
Page 26 of 46 Pages
(d) - (e) During the last five years, none of the Reporting Entities or
any other person identified in response to this Item 2 was convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors) or
was 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) Each natural person identified in Item 2 is a citizen of the United
States, other than Graham Cook, a director of Barington Companies Offshore Fund,
Ltd., who is a citizen of the United Kingdom, Jonathan Clipper, a director of
Barington Companies Offshore Fund, Ltd., who is a citizen of Bermuda and the
United Kingdom, Jim Cleary, a director of Benchmark Opportunitas Fund plc, who
is a citizen of Ireland, Andreas Jeschko, a director of Benchmark Opportunitas
Fund plc, who is a citizen of Austria, Karen Kisling, a director of Benchmark
Opportunitas Fund plc, who is a citizen of Austria, Carl O'Sullivan, a director
of Benchmark Opportunitas Fund plc, who is a citizen of Ireland, Alison Nolan, a
director of D.B. Zwirn Special Opportunities Fund, Ltd. who is a citizen of the
United Kingdom and Hugh Thompson, a director of HCM/Z Special Opportunities LLC
who is a citizen of the United Kingdom.
Item 3. Source and Amount of Funds or Other Consideration.
The Reporting Entities purchased an aggregate of 1,778,044 shares of
Common Stock. All purchases of Common Stock by the Reporting Entities were made
in open market transactions. All purchases were funded by working capital, which
may, at any given time, include margin loans made by brokerage firms in the
ordinary course of business. The amount of funds expended for such purchases
(excluding commissions and other execution-related costs) was approximately
$20,865,861.45 by Barington Companies Equity Partners, L.P., $9,537,620.88 by
Barington Investments, L.P., $1,851,516.18 by Benchmark Opportunitas Fund plc,
$34,643,144.56 by Barington Companies Offshore Fund, Ltd., $336,233.07 by RJG
Capital Partners, L.P., $ 1,523,673.87 by D.B. Zwirn Special Opportunities Fund,
L.P., $3,004,660.78 by D.B. Zwirn Special Opportunities Fund, Ltd. and
$346,716.38 by HCM/Z Special Opportunities LLC.
Item 4. Purpose of Transaction.
Each of the Reporting Entities acquired beneficial ownership of the shares
of Common Stock to which this Statement relates in order to obtain a significant
equity position in the Company, the Common Stock of which, in the opinion of the
Reporting Entities, has been undervalued.
The Reporting Entities consider their equity position to be for
investment purposes only. Each of the Reporting Entities may acquire additional
shares of Common Stock or sell or otherwise dispose of any or all of the shares
of Common Stock beneficially owned by it, in the open market, in privately
negotiated transactions or otherwise. The Reporting Entities may also take any
other action with respect to the Company or any of its debt or equity securities
in any manner permitted by law.
The Reporting Entities, many of whom have been stockholders in the Company
since January 2006, believe that the Company should implement a number of
measures to improve the Company's profitability and share price performance.
Such measures include, without limitation,
Page 27 of 46 Pages
(i) the divestiture of the Company's Automotive segment and
Glassware and Candles segment;
(ii) reduction in corporate level expenses resulting from Lancaster
Colony's "holding-company" structure;
(iii) implementation of initiatives to return the Specialty Foods
segment to historical levels of profitability with an
operating income margin of at least 20%; and
(iv) a debt-financed self-tender offer to repurchase at least $300
million of the Company's outstanding common stock.
The Reporting Entities have had discussions with members of the Company's
management team with respect to some of these measures which the Reporting
Entities believe will significantly improve shareholder value for the benefit of
the Company's stockholders. The Reporting Entities desire to discuss these
measures in further detail with the Company's management team and independent
members of the Company's Board of Directors.
Except as set forth in this Item 4, none of the Reporting Entities have
any present plans or proposals that relate to or would result in any of the
actions specified in clauses (a) through (j) of the instructions to Item 4 of
Schedule 13D. The Reporting Entities intend to review their investment in the
Company on a continuing basis. Depending on various factors including, without
limitation, the willingness of the Company's management team and Board of
Directors to meet with and consider the suggestions of the Reporting Entities,
the Company's financial position and business strategy, the price levels of the
shares of Common Stock, conditions in the securities markets and general
economic and industry conditions, the Reporting Entities may in the future take
such actions with respect to their investment in the Company as they deem
appropriate including, without limitation, seeking Board representation, making
proposals to the Company concerning changes to the capitalization, ownership
structure or operations of the Company, purchasing additional shares of Common
Stock, selling some or all of their shares of Common Stock and/or changing their
intention with respect to any and all matters referred to in this Item 4.
Item 5. Interest in Securities of the Issuer.
(a) As of March 16, 2007, Barington Companies Equity Partners, L.P.
beneficially owns an aggregate of 472,281 shares of Common Stock, representing
approximately 1.49% of the shares of Common Stock presently outstanding based
upon the 31,602,000 shares of Common Stock reported by the Company to be issued
and outstanding as of January 31, 2007 in its Form 10-Q filed with the
Securities and Exchange Commission on February 8, 2007 (the "Issued and
Outstanding Shares").
As of March 16, 2007, Barington Investments, L.P. beneficially owns
219,251 shares of Common Stock, representing approximately 0.69% of the Issued
and Outstanding Shares. As of March 16, 2007, Benchmark Opportunitas Fund plc
beneficially owns 42,782 shares of Common Stock, representing approximately
0.14% of the Issued and Outstanding Shares. As of March 16, 2007, Barington
Companies Offshore Fund, Ltd. beneficially owns 796,498 shares of Common Stock,
representing approximately 2.52% 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 472,281 shares of
Common Stock beneficially owned by Barington Companies Equity Partners, L.P.,
representing approximately 1.49% 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 219,251 shares of Common
Page 28 of 46 Pages
Stock beneficially owned by Barington Investments, L.P., representing
approximately 0.69% of the Issued and Outstanding Shares. As the investment
advisor to Benchmark Opportunitas Fund plc, Barington Offshore Advisors, LLC may
be deemed to beneficially own the 42,782 shares of Common Stock beneficially
owned by Benchmark Opportunitas Fund plc, representing approximately 0.14% 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 796,498 shares of Common Stock beneficially owned by
Barington Companies Offshore Fund, Ltd., representing approximately 2.52% of the
Issued and Outstanding Shares. As the majority member of Barington Companies
Investors, LLC, Barington Companies Advisors, LLC, Barington Offshore Advisors,
LLC and Barington Offshore Advisors II, LLC, Barington Capital Group, L.P. may
be deemed to beneficially own the 472,281 shares of Common Stock beneficially
owned by Barington Companies Equity Partners, L.P., the 219,251 shares of Common
Stock beneficially owned by Barington Investments, L.P., the 42,782 shares of
Common Stock beneficially owned by Benchmark Opportunitas Fund plc and the
796,498 shares of Common Stock beneficially owned by Barington Companies
Offshore Fund, Ltd., constituting an aggregate of 1,530,812 shares, representing
approximately 4.84% 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 472,281 shares of Common Stock beneficially owned by
Barington Companies Equity Partners, L.P., the 219,251 shares of Common Stock
beneficially owned by Barington Investments, L.P., the 42,782 shares of Common
Stock beneficially owned by Benchmark Opportunitas Fund plc and the 796,498
shares of Common Stock beneficially owned by Barington Companies Offshore Fund,
Ltd., constituting an aggregate of 1,530,812 shares of Common Stock,
representing approximately 4.84% 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 472,281 shares of Common Stock beneficially owned
by Barington Companies Equity Partners, L.P., the 219,251 shares of Common Stock
beneficially owned by Barington Investments, L.P., the 42,782 shares of Common
Stock beneficially owned by Benchmark Opportunitas Fund plc and the 796,498
shares of Common Stock beneficially owned by Barington Companies Offshore Fund,
Ltd., constituting an aggregate of 1,530,812 shares of Common Stock,
representing approximately 4.84% of the Issued and Outstanding Shares. Mr.
Mitarotonda has sole voting and dispositive power with respect to the 472,281
shares of Common Stock beneficially owned by Barington Companies Equity
Partners, L.P., the 219,251 shares of Common Stock beneficially owned by
Barington Investments, L.P., the 42,782 shares of Common Stock beneficially
owned by Benchmark Opportunitas Fund plc and the 796,498 shares of Common Stock
beneficially owned by Barington Companies Offshore Fund, Ltd. Mr. Mitarotonda
disclaims beneficial ownership of any such shares except to the extent of his
pecuniary interest therein.
As of March 16, 2007, RJG Capital Partners, L.P. beneficially owns 4,300
shares of Common Stock, representing approximately 0.01% 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 4,300 shares owned
by RJG Capital Partners, L.P., representing approximately 0.01% 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 4,300 shares owned by RJG Capital
Partners, L.P., representing approximately 0.01% of the Issued and Outstanding
Shares. Mr. Gross has sole voting and dispositive power with respect to the
4,300 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.
Page 29 of 46 Pages
As of March 16, 2007, D.B. Zwirn Special Opportunities Fund, L.P.
beneficially owns 34,270 shares of Common Stock, representing approximately
0.11% of the Issued and Outstanding Shares. As of March 16, 2007, D.B. Zwirn
Special Opportunities Fund, Ltd. beneficially owns 66,754 shares of Common
Stock, representing approximately 0.21% of the Issued and Outstanding Shares. As
of March 16, 2007, HCM/Z Special Opportunities LLC beneficially owns 7,908
shares of Common Stock representing approximately 0.03%, of the Issued and
Outstanding Shares.
As the manager of D.B. Zwirn Special Opportunities Fund, L.P., D.B. Zwirn
Special Opportunities Fund, Ltd. and HCM/Z Special Opportunities LLC, D.B. Zwirn
& Co., L.P. may be deemed to beneficially own the 34,270 shares of Common Stock
beneficially owned by D.B. Zwirn Special Opportunities Fund, L.P., the 66,754
shares of Common Stock beneficially owned by D.B. Zwirn Special Opportunities
Fund, Ltd. and the 7,908 shares of Common Stock beneficially owned by HCM/Z
Special Opportunities LLC, constituting an aggregate of 108,932 shares,
representing approximately 0.34% of the Issued and Outstanding Shares. As
general partner of D.B. Zwirn & Co., L.P., DBZ GP, LLC may be deemed to
beneficially own the 34,270 shares of Common Stock beneficially owned by D.B.
Zwirn Special Opportunities Fund, L.P., the 66,754 shares of Common Stock
beneficially owned by D.B. Zwirn Special Opportunities Fund, Ltd. and the 7,908
shares of Common Stock beneficially owned by HCM/Z Special Opportunities LLC,
constituting an aggregate of 108,932 shares, representing approximately 0.34% of
the Issued and Outstanding Shares. As the managing member of DBZ GP, LLC, Zwirn
Holdings, LLC may be deemed to beneficially own the 34,270 shares of Common
Stock beneficially owned by D.B. Zwirn Special Opportunities Fund, L.P., the
66,754 shares of Common Stock beneficially owned by D.B. Zwirn Special
Opportunities Fund, Ltd. and the 7,908 shares of Common Stock beneficially owned
by HCM/Z Special Opportunities LLC, constituting an aggregate of 108,932 shares,
representing approximately 0.34% of the Issued and Outstanding Shares. As the
managing member of Zwirn Holdings, LLC, Daniel B. Zwirn may be deemed to
beneficially own the 34,270 shares of Common Stock beneficially owned by D.B.
Zwirn Special Opportunities Fund, L.P., the 66,754 shares of Common Stock
beneficially owned by D.B. Zwirn Special Opportunities Fund, Ltd. and the 7,908
shares of Common Stock beneficially owned by HCM/Z Special Opportunities LLC,
constituting an aggregate of 108,932 shares, representing approximately 0.34% of
the Issued and Outstanding Shares. Mr. Zwirn disclaims beneficial ownership of
such shares except to the extent of his pecuniary interest therein.
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.
(b) Each of the Reporting Entities may be deemed to have sole voting and
dispositive power over the shares of Common Stock reported as beneficially owned
by such person by virtue of their respective positions as described in paragraph
(a).
Each of the other Reporting Entities may be deemed to have sole voting and
dispositive power with respect to the shares each reports as beneficially owned
by such person, regardless of the fact that multiple Reporting Entities within
the same chain of ownership report sole voting and dispositive power with
respect to such shares. Each such Reporting Entity reports sole voting and
dispositive power with respect to such shares based on such person's
relationship to the other Reporting Entities within the same chain of ownership.
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.
Page 30 of 46 Pages
(c) Information concerning all transactions in shares of Common Stock
effected by the Reporting Persons during the past sixty days are described in
Schedule V attached hereto and incorporated herein by reference.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships With Respect to
Securities of the Issuer.
The Reporting Entities are parties to an agreement with respect to the
joint filing of this Statement and any amendment thereto, a copy of which is
attached hereto as Exhibit 99.1 and incorporated by reference herein.
Barington Companies Advisors, LLC is compensated for its services as the
general partner of Barington Investments, L.P. by an affiliate of Millennium
Partners, L.P., the limited partner of Barington Investments, L.P., pursuant to
a separate agreement.
Barington Offshore Advisors, LLC is compensated for its services as the
investment advisor of Benchmark Opportunitas Fund plc by the manager of such
fund pursuant to a separate agreement.
Affiliates of Barington Capital Group, L.P. pay a monthly consulting fee
to RJG Capital Management, LLC for certain consulting services RJG Capital
Management, LLC provides to Barington Companies Equity Partners, L.P. The
arrangement with respect to the foregoing is pursuant to a verbal agreement
between the parties.
Barington Companies Advisors, LLC or one or more of its affiliates expect
to receive from D.B. Zwirn Special Opportunities Fund, L.P. and/or its
affiliates a fee with respect to certain profits D.B. Zwirn Special
Opportunities Fund, L.P. and/or its affiliates may derive from their investment
in the Common Stock of the Company.
Page 31 of 46 Pages
Item 7. Material to be Filed as Exhibits.
Exhibit No. Exhibit Description Page
----------- ------------------- ----
--------------------------------------------------------------------------------
99.1 Agreement of Joint Filing among Barington 43 to 46
Companies Equity Partners, L.P., Barington
Companies Investors, LLC, Barington Investments,
L.P., Barington Companies Advisors, LLC,
Benchmark Opportunitas Fund plc, Barington
Offshore Advisors, LLC, Barington Companies
Offshore Fund, Ltd., Barington Offshore Advisors
II, LLC, Barington Capital Group, L.P., LNA
Capital Corp., James A. Mitarotonda, RJG Capital
Partners, L.P., RJG Capital Management, LLC,
Ronald Gross, D.B. Zwirn Special Opportunities
Fund, L.P., D.B. Zwirn Special Opportunities
Fund, Ltd., HCM/Z Special Opportunities LLC,
D.B. Zwirn & Co., L.P., DBZ GP, LLC, Zwirn
Holdings, LLC and Daniel B. Zwirn dated March
19, 2007.
--------------------------------------------------------------------------------
Page 32 of 46 Pages
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 19, 2007
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
BENCHMARK OPPORTUNITAS FUND PLC
By: Barington Offshore Advisors, LLC
By: /s/ James A. Mitarotonda
----------------------------------------
Name: James A. Mitarotonda
Title: Managing Member
Page 33 of 46 Pages
BARINGTON OFFSHORE 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: President
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
Page 34 of 46 Pages
RJG CAPITAL MANAGEMENT, LLC
By: /s/ Ronald J. Gross
----------------------------------------
Name: Ronald J. Gross
Title: Managing Member
/s/ Ronald J. Gross
--------------------------------------------
Ronald J. Gross
D.B. ZWIRN SPECIAL OPPORTUNITIES FUND, L.P.
By: D.B. Zwirn Partners, LLC, its general
partner
By: Zwirn Holdings, LLC, its managing
member
By: /s/ Daniel B. Zwirn
----------------------------------------
Name: Daniel B. Zwirn
Title: Managing Member
D.B. ZWIRN SPECIAL OPPORTUNITIES FUND, LTD.
By: D.B. Zwirn & Co., L.P., its manager
By: DBZ GP, LLC, its general partner
By: Zwirn Holdings, LLC, its managing
member
By: /s/ Daniel B. Zwirn
----------------------------------------
Name: Daniel B. Zwirn
Title: Managing Member
HCM/Z SPECIAL OPPORTUNITIES LLC
By: D.B. Zwirn & Co., L.P., its manager
By: DBZ GP, LLC, its general partner
By: Zwirn Holdings, LLC, its managing
member
By: /s/ Daniel B. Zwirn
----------------------------------------
Name: Daniel B. Zwirn
Title: Managing Member
Page 35 of 46 Pages
D.B. ZWIRN & CO., L.P.
By: DBZ GP, LLC, its general partner
By: Zwirn Holdings, LLC, its managing
member
By: /s/ Daniel B. Zwirn
----------------------------------------
Name: Daniel B. Zwirn
Title: Managing Member
DBZ GP, LLC
By: Zwirn Holdings, LLC, its managing
member
By: /s/ Daniel B. Zwirn
----------------------------------------
Name: Daniel B. Zwirn
Title: Managing Member
ZWIRN HOLDINGS, LLC
By: /s/ Daniel B. Zwirn
----------------------------------------
Name: Daniel B. Zwirn
Title: Managing Member
/s/ Daniel B. Zwirn
--------------------------------------------
Daniel B. Zwirn
Page 36 of 46 Pages
SCHEDULE I
Directors of Benchmark Opportunitas Fund plc
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
Sebastian E. Cassetta Senior Managing 888 Seventh Avenue
Director Director and Chief 17th Floor
Operating Officer of New York, NY 10019
Barington Capital
Group, L.P.
Jim Cleary Principal of Cleary Oriel, 25 Revington Park,
Director Consulting North Circular Road,
Limerick, Ireland
Andreas Jeschko Chief Executive 23 Regent House,
Director Officer of Benchmark Bisazza Street, SLM15,
Advisory Limited and Sliema, Malta
Benchmark Capital
Management GmbH
Karin Kisling Chief Investment 23 Regent House,
Director Officer of Benchmark Bisazza Street, SLM15,
Advisory Limited Sliema, Malta
Carl O'Sullivan Partner, Arthur Cox Earlsfort Centre
Director Earlsfort Terrace
Dublin 2
Ireland
Page 37 of 46 Pages
SCHEDULE II
Directors and Officers of Barington Companies Offshore Fund, Ltd.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman and Chief 888 Seventh Avenue
Director and President Executive Officer of 17th Floor
Barington Capital New York, NY 10019
Group, L.P.
Sebastian E. Cassetta Senior Managing 888 Seventh Avenue
Director Director and Chief 17th Floor
Operating Officer of New York, NY 10019
Barington Capital
Group, L.P.
Jonathan Clipper Managing Director of 7 Reid Street, Suite 108
Director Bedford Management Hamilton HM11, Bermuda
Ltd.
Graham Cook Director/Manager, Bison Court
Director Corporate Services of P.O. Box 3460
Byson Financial Road Town, Tortola
Services, Ltd. British Virgin Islands
Citigroup Fund Services, Fund Administration Washington Mall 1, 3rd Flr.
Ltd. 22 Church Street
Secretary Hamilton HM11, Bermuda
Melvyn Brunt Chief Financial 888 Seventh Avenue
Treasurer Officer of Barington 17th Floor
Capital Group, L.P. New York, NY 10019
Page 38 of 46 Pages
SCHEDULE III
Officers of LNA Capital Corp.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
James A. Mitarotonda Chairman and Chief 888 Seventh Avenue
President and CEO Executive Officer of 17th Floor
Barington Capital New York, NY 10019
Group, L.P.
Sebastian E. Cassetta Senior Managing Director 888 Seventh Avenue
Secretary and Chief Operating 17th Floor
Officer of Barington New York, NY 10019
Capital Group, L.P.
Melvyn Brunt Chief Financial Officer 888 Seventh Avenue
Treasurer of Barington Capital 17th Floor
Group, L.P. New York, NY 10019
Page 39 of 46 Pages
SCHEDULE IV
Directors of D.B. Zwirn Special Opportunities Fund, Ltd.
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
Daniel B. Zwirn Managing Partner of D.B. 745 Fifth Avenue
Director Zwirn & Co., L.P. 18th Floor
New York, NY 10151
Alison Nolan Managing Director of Ugland House, 113 South
Director Athena International Church Street,
Management Limited George Town, Grand Cayman
Directors of HCM/Z Special Opportunities LLC
Name and Position Principal Occupation Principal Business Address
----------------- -------------------- --------------------------
Glenn R. Dubin Managing Member/Co-Founder 9 West 57th Street
Director of Highbridge Capital 27th Floor
Management and Co-Chairman New York, NY 10019
of Dubin & Swieca Capital
Management
Hugh G. Thompson Senior Vice President of PO Box 1093GT
Director Maples Finance Limited Queensgate House
South Church Street,
George Town Grand Cayman,
Cayman Islands
Page 40 of 46 Pages
SCHEDULE V
This schedule sets forth information with respect to each purchase or
sale of Common Stock which was effectuated by a Reporting Entity during the past
60 days. All transactions were effectuated in the open market through a broker.
Shares purchased and sold by Barington Companies Equity Partners, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- ---------- --------------- --------------
1/22/2007 (300) $44.913 $ (13,473.90)
1/23/2007 (6,174) $45.080 $(278,323.92)
1/24/2007 (7,835) $45.175 $(353,946.13)
1/25/2007 (1,692) $44.969 $ (76,087.55)
1/26/2007 (5,610) $45.150 $(253,291.50)
1/29/2007 (6,738) $45.655 $(307,623.39)
1/30/2007 (5,673) $45.478 $(257,996.69)
3/5/2007 9,754 $41.206 $ 401,923.32
3/7/2007 17,581 $40.344 $ 709,287.86
3/8/2007 12,481 $40.503 $ 505,517.94
3/9/2007 7,523 $41.110 $ 309,270.53
3/13/2007 6,449 $40.901 $ 263,770.55
3/15/2007 4,706 $40.901 $ 192,480.11
Shares purchased and sold by Barington Investments, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- ---------- --------------- --------------
1/23/2007 (2,421) $45.080 $(109,138.68)
1/24/2007 (3,072) $45.175 $(138,777.60)
1/25/2007 (664) $44.969 $ (29,859.42)
1/26/2007 (2,200) $45.150 $ (99,330.00)
1/29/2007 (2,642) $45.655 $(120,620.51)
1/30/2007 (2,224) $45.478 $(101,143.07)
3/5/2007 12,420 $41.206 $ 511,778.52
3/7/2007 16,969 $40.344 $ 684,597.34
3/8/2007 11,153 $40.503 $ 451,729.96
3/9/2007 6,682 $41.110 $ 274,697.02
3/13/2007 5,519 $40.901 $ 225,732.62
3/15/2007 4,205 $40.901 $ 171,988.71
Shares purchased and sold by Barington Companies Offshore Fund, Ltd.
Number of
Date Shares Price Per Share Cost(*)
---- ---------- --------------- --------------
1/23/2007 (9,501) $45.080 $(428,305.08)
1/24/2007 (12,058) $45.175 $(544,720.15)
1/25/2007 (2,604) $44.969 $(117,099.28)
1/26/2007 (8,633) $45.150 $(389,779.95)
1/29/2007 (10,369) $45.655 $(473,396.70)
1/30/2007 (8,730) $45.478 $(397,022.94)
2/5/2007 15,400 $42.940 $ 661,276.00
2/6/2007 500 $42.934 $ 21,467.00
Page 41 of 46 Pages
2/27/2007 9,417 $42.585 $ 401,022.95
3/1/2007 1,500 $41.957 $ 62,935.50
3/2/2007 18,500 $41.703 $ 771,505.50
3/5/2007 27,826 $41.206 $1,146,598.16
3/7/2007 33,764 $40.344 $1,362,174.82
3/8/2007 21,266 $40.503 $ 861,336.80
3/9/2007 12,695 $41.110 $ 521,891.45
3/13/2007 10,370 $40.901 $ 424,143.37
3/15/2007 8,108 $40.901 $ 331,625.31
Shares purchased and sold by RJG Capital Partners, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- ---------- --------------- --------------
1/19/2007 (1,000) $45.1000 $(45,100.00)
1/23/2007 (1,600) $45.1606 $(72,256.96)
1/24/2007 (700) $45.3114 $(31,717.98)
1/29/2007 (800) $45.8121 $(36,649.68)
3/7/2007 500 $40.2160 $ 20,108.00
3/13/2007 700 $40.8300 $ 28,581.00
3/15/2007 400 $40.7400 $ 16,296.00
Shares purchased and sold by D.B. Zwirn Special Opportunities Fund, L.P.
Number of
Date Shares Price Per Share Cost(*)
---- ---------- --------------- --------------
1/23/2007 (503) $45.0800 $(22,675.24)
1/24/2007 (639) $45.1745 $(28,866.51)
1/25/2007 (138) $44.9686 $ (6,205.67)
1/26/2007 (492) $45.1504 $(22,214.00)
1/29/2007 (594) $45.6553 $(27,119.25)
1/30/2007 (464) $45.4784 $(21,101.98)
3/13/2007 312 $40.9011 $ 12,761.14
3/15/2007 233 $40.9006 $ 9,529.84
Shares purchased and sold by D.B. Zwirn Special Opportunities Fund, Ltd.
Number of
Date Shares Price Per Share Cost(*)
---- ---------- --------------- --------------
1/23/2007 (987) $45.0800 $(44,493.96)
1/24/2007 (1,251) $45.1745 $(56,513.30)
1/25/2007 (271) $44.9686 $(12,186.49)
1/26/2007 (965) $45.1504 $(43,570.14)
1/29/2007 (1,157) $45.6553 $(52,823.18)
1/30/2007 (904) $45.4784 $(41,112.47)
3/13/2007 450 $40.9011 $ 18,405.50
3/15/2007 348 $40.9006 $ 14,233.41
Shares sold by HCM/Z Special Opportunities LLC
Number of
Date Shares Price Per Share Cost(*)
---- ---------- --------------- --------------
1/23/2007 (114) $45.0800 $(5,139.12)
1/24/2007 (145) $45.1745 $(6,550.30)
Page 42 of 46 Pages
1/25/2007 (31) $44.9686 $(1,394.03)
1/30/2007 (105) $45.4784 $(4,775.23)
----------
(*) Excludes commissions and other execution-related costs.