Neil S. Bhatia, Esq.
Marcato Capital Management LP
One Montgomery Street, Suite 3250
San Francisco, CA 94104
Telephone Number 415-796-6350
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*
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The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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CUSIP No. 521865204
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SCHEDULE 13D |
Page 2 of 9
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marcato Capital Management LP
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
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
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
6,403,026
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
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SHARED DISPOSITIVE POWER
6,403,026
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,403,026
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.9%
|
|
14
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TYPE OF REPORTING PERSON
IA
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CUSIP No. 521865204
|
SCHEDULE 13D |
Page 3 of 9
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1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard T. McGuire III
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
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 of America
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
6,403,026
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
6,403,026
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,403,026
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.9%
|
|
14
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TYPE OF REPORTING PERSON
IN
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CUSIP No. 521865204
|
SCHEDULE 13D |
Page 4 of 9
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marcato, L.P.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
WC
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
o |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
1,409,430
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
1,409,430
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,409,430
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
|
|
14
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TYPE OF REPORTING PERSON
PN
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CUSIP No. 521865204
|
SCHEDULE 13D |
Page 5 of 9
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marcato II, L.P.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
WC
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
o |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
98,736
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
98,736
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,736
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
|
|
14
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TYPE OF REPORTING PERSON
PN
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CUSIP No. 521865204
|
SCHEDULE 13D |
Page 6 of 9
|
1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marcato International Master Fund, Ltd.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
WC
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
o |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
4,894,860
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
4,894,860
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,894,860
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1%
|
|
14
|
TYPE OF REPORTING PERSON
OO
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CUSIP No. 521865204
|
SCHEDULE 13D |
Page 7 of 9
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Item 1.
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Security and Issuer
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Item 2.
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Identity and Background
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Item 3.
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Source and Amount of Funds or Other Consideration
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Item 4.
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Purpose of Transaction
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CUSIP No. 521865204
|
SCHEDULE 13D |
Page 8 of 9
|
Item 5.
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Interest in Securities of the Issuer
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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Item 7.
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Material to be Filed as Exhibits
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CUSIP No. 521865204
|
SCHEDULE 13D |
Page 9 of 9
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Marcato Capital Management LP*
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|||
By: | Marcato Holdings LLC | ||
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By:
|
/s/ Richard T. McGuire III | |
Richard T. McGuire III, Authorized Person | |||
|
/s/ Richard T. McGuire III* | ||
Richard T. McGuire III | |||
Marcato, L.P.
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|||
By: | MCM General Partner LLC, its General Partner | ||
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By:
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/s/ Richard T. McGuire III | |
Richard T. McGuire III, Authorized Person | |||
Marcato II, L.P.
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|||
By: | MCM General Partner LLC, its General Partner | ||
|
By:
|
/s/ Richard T. McGuire III | |
Richard T. McGuire III, Authorized Person | |||
Marcato International Master Fund, Ltd.
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|||
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By:
|
/s/ Richard T. McGuire III | |
Richard T. McGuire III, Director | |||
Shares/
|
||||||||
Fund
|
Trade
Date
|
Options
Bought (Sold) |
Unit
Cost |
Security
|
||||
Marcato II LP
|
12/02/2013
|
2,172 | 82.91 |
Common Stock
|
||||
Marcato II LP
|
01/02/2014
|
124 | 80.97 |
Common Stock
|
||||
Marcato II LP
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01/23/2014
|
(25,350 | ) | 79.36 |
Common Stock
|
|||
Marcato II LP
|
01/23/2014
|
(39,945 | ) | 79.35 |
Common Stock
|
|||
Marcato II LP
|
01/23/2014
|
77,000 | 1.40 |
American Style OTC Call Option
|
||||
Marcato LP
|
12/02/2013
|
(5,592 | ) | 82.91 |
Common Stock
|
|||
Marcato LP
|
01/02/2014
|
38,725 | 80.97 |
Common Stock
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||||
Marcato LP
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01/23/2014
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(363,061 | ) | 79.36 |
Common Stock
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|||
Marcato LP
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01/23/2014
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(572,096 | ) | 79.35 |
Common Stock
|
|||
Marcato LP
|
01/23/2014
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1,100,000 | 1.40 |
American Style OTC Call Option
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||||
Marcato International Master Fund, Ltd
|
12/02/2013
|
3,420 | 82.91 |
Common Stock
|
||||
Marcato International Master Fund, Ltd
|
01/02/2014
|
(38,849 | ) | 80.97 |
Common Stock
|
|||
Marcato International Master Fund, Ltd
|
01/23/2014
|
(1,261,589 | ) | 79.36 |
Common Stock
|
|||
Marcato International Master Fund, Ltd
|
01/23/2014
|
(1,987,959 | ) | 79.35 |
Common Stock
|
|||
Marcato International Master Fund, Ltd
|
01/23/2014
|
3,823,000 | 1.40 |
American Style OTC Call Option
|
Marcato Capital Management LP
|
|||
By: | Marcato Holdings LLC | ||
|
By:
|
/s/ Richard T. McGuire III | |
Richard T. McGuire III, Authorized Person | |||
|
/s/ Richard T. McGuire III | ||
Richard T. McGuire III | |||
Marcato, L.P.
|
|||
By: | MCM General Partner LLC, its General Partner | ||
|
By:
|
/s/ Richard T. McGuire III | |
Richard T. McGuire III, Authorized Person | |||
Marcato II, L.P.
|
|||
By: | MCM General Partner LLC, its General Partner | ||
|
By:
|
/s/ Richard T. McGuire III | |
Richard T. McGuire III, Authorized Person | |||
Marcato International Master Fund, Ltd.
|
|||
|
By:
|
/s/ Richard T. McGuire III | |
Richard T. McGuire III, Director | |||