sc13dza
Table of Contents

OMB APPROVAL
OMB Number: 3235-0145
Expires: December 31, 2005
Estimated average burden
hours per response...15


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

Party City Corporation

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

702145103

(CUSIP Number)

Joseph I. Worsham, II
General Counsel
WS Capital Management, L.P.
300 Crescent Court, Suite 1111
Dallas, Texas 75201
(214) 756-6073

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

September 7, 2005

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.


Table of Contents

             
CUSIP No. 702145103 Page 2 of 20

  1. Name of Reporting Person:
WS Capital, L.L.C.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
AF

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
Texas

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
1,688,355

8. Shared Voting Power:
0

9. Sole Dispositive Power:
1,688,355

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
1,688,355

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
9.8%

  14.Type of Reporting Person (See Instructions):
HC/CO


Table of Contents

             
CUSIP No. 702145103 Page 3 of 20

  1. Name of Reporting Person:
WS Capital Management, L.P.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
AF

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
Texas

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
1,688,355

8. Shared Voting Power:
0

9. Sole Dispositive Power:
1,688,355

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
1,688,355

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
9.8%

  14.Type of Reporting Person (See Instructions):
IA/PN


Table of Contents

             
CUSIP No. 702145103 Page 4 of 20

  1. Name of Reporting Person:
Walker Smith Capital, L.P.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
Texas

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
115,088

8. Shared Voting Power:
0

9. Sole Dispositive Power:
115,088

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
115,088

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
0.7%

  14.Type of Reporting Person (See Instructions):
PN


Table of Contents

             
CUSIP No. 702145103 Page 5 of 20

  1. Name of Reporting Person:
Walker Smith Capital (Q.P.), L.P.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
Texas

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
661,677

8. Shared Voting Power:
0

9. Sole Dispositive Power:
661,677

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
661,677

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
3.8%

  14.Type of Reporting Person (See Instructions):
PN


Table of Contents

             
CUSIP No. 702145103 Page 6 of 20

  1. Name of Reporting Person:
Walker Smith International Fund, Ltd.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
911,590

8. Shared Voting Power:
0

9. Sole Dispositive Power:
911,590

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
911,590

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
5.2%

  14.Type of Reporting Person (See Instructions):
CO


Table of Contents

             
CUSIP No. 702154103 Page 7 of 20

  1. Name of Reporting Person:
WSV Management, L.L.C.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
AF

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
Texas

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
446,425

8. Shared Voting Power:
0

9. Sole Dispositive Power:
446,425

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
446,425

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
2.6%

  14.Type of Reporting Person (See Instructions):
IA/CO


Table of Contents

             
CUSIP No. 702145103 Page 8 of 20

  1. Name of Reporting Person:
WS Ventures Management, L.P.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
AF

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
Texas

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
466,425

8. Shared Voting Power:
0

9. Sole Dispositive Power:
466,425

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
466,425

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
2.6%

  14.Type of Reporting Person (See Instructions):
HC/PN


Table of Contents

             
CUSIP No. 702145103 Page 9 of 20

  1. Name of Reporting Person:
WS Opportunity Fund, L.P.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
Texas

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
131,281

8. Shared Voting Power:
0

9. Sole Dispositive Power:
131,281

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
131,281

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
0.8%

  14.Type of Reporting Person (See Instructions):
PN


Table of Contents

             
CUSIP No. 702145103 Page 10 of 20

  1. Name of Reporting Person:
WS Opportunity Fund (Q.P.), L.P.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
WC

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
Texas

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
130,069

8. Shared Voting Power:
0

9. Sole Dispositive Power:
130,069

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
130,069

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
0.7%

  14.Type of Reporting Person (See Instructions):
PN


Table of Contents

             
CUSIP No. 702145103 Page 11 of 20

  1. Name of Reporting Person:
WS Opportunity Fund International, Ltd.
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
WC

  5. Check 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:
185,075

8. Shared Voting Power:
0

9. Sole Dispositive Power:
185,075

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
185,075

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
1.0%

  14.Type of Reporting Person (See Instructions):
CO


Table of Contents

             
CUSIP No. 702145103 Page 12 of 20

  1. Name of Reporting Person:
Reid S. Walker
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
PF/AF

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
United States

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
2,135,780

8. Shared Voting Power:
0

9. Sole Dispositive Power:
2,135,780

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
2,135,780

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
12.4%

  14.Type of Reporting Person (See Instructions):
HC/IN


Table of Contents

             
CUSIP No. 702145103 Page 13 of 20

  1. Name of Reporting Person:
G. Stacy Smith
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
AF

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
United States

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
2,134,780

8. Shared Voting Power:
0

9. Sole Dispositive Power:
2,134,780

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
2,134,780

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
12.4%

  14.Type of Reporting Person (See Instructions):
HC/IN


Table of Contents

             
CUSIP No. 702145103 Page 14 of 20

  1. Name of Reporting Person:
Patrick P. Walker
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) þ  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):
PF/AF

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
United States

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
450,325

8. Shared Voting Power:
0

9. Sole Dispositive Power:
450,325

10.Shared Dispositive Power:
0

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:
450,325

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

  13.Percent of Class Represented by Amount in Row (11):
2.6%

  14.Type of Reporting Person (See Instructions):
HC/IN


TABLE OF CONTENTS

Item 1. Security and Issuer.
Item 2. Identity and Background.
Item 3. Source and Amount of Funds or Other Consideration.
Item 4. Purpose of Transaction.
Item 5. Interest in Securities of the Issuer.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
Item 7. Material to Be Filed as Exhibits.
Joint Filing Agreement


Table of Contents

Item 1. Security and Issuer.
     This Amendment No. 2 to Schedule 13D relates to the common stock, par value $0.01 per share (“Common Stock”), of Party City Corporation, a Delaware corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 400 Commons Way, Rockaway, New Jersey 07866.
Item 2. Identity and Background.
(a) The persons filing this statement are WS Capital, L.L.C., a Texas limited liability company (“WS Capital”), WS Capital Management, L.P., a Texas limited partnership (“WSC Management”), Walker Smith Capital, L.P., a Texas limited partnership (“WSC”), Walker Smith Capital (Q.P.), L.P., a Texas limited partnership (“WSCQP”), Walker Smith International Fund, Ltd., a British Virgin Islands exempted company (“WS International”), WSV Management, L.L.C., a Texas limited liability company (“WSV”), WS Ventures Management, L.P., a Texas limited partnership (“WSVM”), WS Opportunity Fund, L.P., a Texas limited partnership (“WSO”), WS Opportunity Fund (Q.P.), L.P., a Texas limited partnership (“WSOQP”), WS Opportunity Fund International, Ltd., a Cayman Islands exempted company (“WSO International”), Reid S. Walker, G. Stacy Smith and Patrick P. Walker (collectively, the “Reporting Persons”).
(b) — (f) No material changes.
Item 3. Source and Amount of Funds or Other Consideration.
     WSC acquired 4,700 shares of Common Stock using working capital. WSCQP acquired 92,000 shares of Common Stock using working capital. WS International acquired 106,700 shares of Common Stock using working capital. WSO acquired 18,616 shares of Common Stock using working capital. WSOQP acquired 10,900 shares of Common Stock using working capital. WSO International acquired 25,700 shares of Common Stock using working capital. The shares of Common Stock were purchased in multiple transactions at purchase price ranging from $12.96 to $13.375 per share.
Item 4. Purpose of Transaction.
     The Reporting Persons acquired the shares of Common Stock for investment purposes. The Reporting Persons filed their initial Schedule 13D in response to the Issuer’s announcement on March 30, 2005, of the formation of a special committee of the Issuer’s Board of Directors (the “Special Committee”) to “explore strategic alternatives” available to the Issuer. The Reporting Persons continue to believe that the Common Stock is undervalued and represents an attractive investment opportunity. Moreover, with continued execution of the Issuer’s recent initiatives, the Reporting Persons continue to believe that the Issuer is well positioned to achieve significant operational improvements. Accordingly, the Reporting Persons intend to continue to actively and closely analyze the strategic alternatives pursued by the Issuer, and the evaluation process of the Special Committee in connection therewith, to ensure the maximization of outside shareholder value. In that regard, the Reporting Persons intend to exercise all rights available to ensure that maximum shareholder value is attained. Depending upon the foregoing factors or any other factors deemed relevant by the Reporting Persons, the Reporting Persons may acquire additional shares of Common Stock, or dispose of all or part of their shares of Common Stock, in open market transactions, privately negotiated transactions or otherwise. Any such acquisitions or dispositions may be effected by the Reporting Persons at any time without prior notice.
     The Reporting Persons may engage in communications from time to time with one or more stockholders, potential suitors, officers or directors of the Issuer regarding strategic alternatives available to or explored by the Issuer, various means of maximizing stockholder value or other matters that, if effected, could result in or relate to, among other things, any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

15 of 20


Table of Contents

Except as described herein, the Reporting Persons do not have any present plans or intentions which would result in or relate to any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
     (a) Reid S. Walker is the beneficial owner of 2,135,780 shares of Common Stock (which represents approximately 12.4% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005), which includes (i) 1,688,355 shares beneficially owned by WS Capital and WSC Management for the accounts of WSC, WSCQP and WS International, (ii) 446,425 shares beneficially owned by WSV and WSVM for the accounts of WSO, WSOQP and WSO International and (iii) 1,000 shares held directly.
          G. Stacy Smith is the beneficial owner of 2,134,780 shares of Common Stock (which represents approximately 12.4% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005), which includes (i) 1,688,355 shares beneficially owned by WS Capital and WSC Management for the accounts of WSC, WSCQP and WS International and (ii) 446,425 shares beneficially owned by WSV and WSVM for the accounts of WSO, WSOQP and WSO International.
          Patrick P. Walker is the beneficial owner of 450,325 shares of Common Stock (which represents approximately 2.6% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005), which includes (i) 446,425 shares beneficially owned by WSV and WSVM for the accounts of WSO, WSOQP and WSO International, (ii) 2,500 shares held directly and (iii) 1,400 shares held by a trust for which Patrick P. Walker serves as trustee.
          WS Capital and WSC Management are the beneficial owners of 1,688,355 shares of Common Stock (which represents approximately 9.8% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005), which includes (i) 115,088 shares beneficially owned by WSC, (ii) 661,677 shares beneficially owned by WSCQP and (iii) 911,590 shares beneficially owned by WS International.
          WSV and WSVM are the beneficial owners of 446,425 shares of Common Stock (which represents approximately 2.6% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005), which includes (i) 131,281 shares beneficially owned by WSO, (ii) 130,069 shares beneficially owned by WSOQP and (iii) 185,075 shares beneficially owned by WSO International.
          WSC is the beneficial owner of 115,088 shares of Common Stock (which represents approximately 0.7% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005). WSCQP is the beneficial owner of 661,677 shares of Common Stock (which represents approximately 3.8% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005). WS International is the beneficial owner of 911,590 shares of Common Stock (which represents approximately 5.2% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005). WSO is the beneficial owner of 131,281 shares of Common Stock (which represents approximately 0.8% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005). WSOQP is the beneficial owner of 130,069 shares of Common Stock (which represents approximately 0.7% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005). WSO International is the beneficial owner of 185,075 shares of Common Stock (which represents approximately 1.0% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the period ended April 2, 2005).

16 of 20


Table of Contents

                                 
    Sole   Shared   Sole   Shared
    Voting   Voting   Dispositive   Dispositive
(b)   Power   Power   Power   Power
WS Capital
    1,688,355       0       1,688,355       0  
WSC Management
    1,688,355       0       1,688,355       0  
WSC
    115,088       0       115,088       0  
WSCQP
    661,677       0       661,677       0  
WS International
    911,590       0       911,590       0  
WSV
    446,425       0       446,425       0  
WSVM
    446,425       0       446,425       0  
WSO
    131,281       0       131,281       0  
WSOQP
    130,069       0       130,069       0  
WSO International
    185,075       0       185,075       0  
Reid S. Walker
    2,135,780       0       2,135,780       0  
G. Stacy Smith
    2,134,780       0       2,134,780       0  
Patrick P. Walker
    450,235       0       450,235       0  
(c) During the past sixty days, the only transactions in the Common Stock effected by the Reporting Persons were the following open market transactions:
A. WSC
                 
        Number of    
Date   Price ($)   Shares   Purchase/Sale
09/06/2005
  12.87     540     Purchase
09/06/2005
  12.88     37     Purchase
09/06/2005
  12.89     23     Purchase
09/06/2005
  12.90     3     Purchase
09/06/2005
  12.91     26     Purchase
09/06/2005
  12.92     74     Purchase
09/06/2005
  12.93     33     Purchase
09/06/2005
  12.94     41     Purchase
09/06/2005
  12.95     56     Purchase
09/06/2005
  12.96     74     Purchase
09/06/2005
  12.97     8     Purchase
09/06/2005
  12.98     13     Purchase
09/06/2005
  12.985     404     Purchase
09/06/2005
  12.986     21     Purchase
09/06/2005
  12.99     41     Purchase
09/06/2005
  13.00     619     Purchase
09/06/2005
  13.04     29     Purchase
09/06/2005
  13.05     12     Purchase
09/06/2005
  13.07     1,052     Purchase
09/06/2005
  13.08     28     Purchase
09/06/2005
  13.09     21     Purchase
09/06/2005
  13.10     21     Purchase
09/06/2005
  13.11     56     Purchase
09/06/2005
  13.12     20     Purchase
09/06/2005
  13.13     216     Purchase
09/06/2005
  13.14     37     Purchase
09/06/2005
  13.15     16     Purchase
09/06/2005
  13.18     4     Purchase
09/06/2005
  13.23     41     Purchase
09/06/2005
  13.24     17     Purchase
09/06/2005
  13.25     16     Purchase
09/07/2005
  13.375     1,100     Purchase
B. WSCQP
                 
        Number of    
Date   Price ($)   Shares   Purchase/Sale
09/06/2005
  12.87     5,462     Purchase
09/06/2005
  12.88     375     Purchase
09/06/2005
  12.89     231     Purchase
09/06/2005
  12.90     29     Purchase
09/06/2005
  12.91     263     Purchase
09/06/2005
  12.92     751     Purchase
09/06/2005
  12.93     334     Purchase
09/06/2005
  12.94     417     Purchase
09/06/2005
  12.95     562     Purchase
09/06/2005
  12.96     751     Purchase
09/06/2005
  12.97     83     Purchase
09/06/2005
  12.98     131     Purchase
09/06/2005
  12.985     4,086     Purchase
09/06/2005
  12.986     208     Purchase
09/06/2005
  12.99     417     Purchase
09/06/2005
  13.00     6,254     Purchase
09/06/2005
  13.04     292     Purchase
09/06/2005
  13.05     125     Purchase
09/06/2005
  13.07     10,632     Purchase
09/06/2005
  13.08     287     Purchase
09/06/2005
  13.09     213     Purchase
09/06/2005
  13.10     208     Purchase
09/06/2005
  13.11     567     Purchase
09/06/2005
  13.12     204     Purchase
09/06/2005
  13.13     2,180     Purchase
09/06/2005
  13.14     375     Purchase
09/06/2005
  13.15     162     Purchase
09/06/2005
  13.18     42     Purchase
09/06/2005
  13.21     5     Purchase
09/06/2005
  13.23     417     Purchase
09/06/2005
  13.24     171     Purchase
09/06/2005
  13.25     167     Purchase
09/07/2005
  13.375     6,100     Purchase
C. WS International
                 
        Number of    
Date   Price ($)   Shares   Purchase/Sale
09/06/2005
  12.87     4,652     Purchase
09/06/2005
  12.88     320     Purchase
09/06/2005
  12.89     196     Purchase
09/06/2005
  12.90     25     Purchase
09/06/2005
  12.91     224     Purchase
09/06/2005
  12.92     639     Purchase
09/06/2005
  12.93     284     Purchase
09/06/2005
  12.94     355     Purchase
09/06/2005
  12.95     478     Purchase
09/06/2005
  12.96     639     Purchase
09/06/2005
  12.97     71     Purchase
09/06/2005
  12.98     111     Purchase
09/06/2005
  12.985     3,480     Purchase
09/06/2005
  12.986     178     Purchase
09/06/2005
  12.99     355     Purchase
09/06/2005
  13.00     5,326     Purchase
09/06/2005
  13.04     249     Purchase
09/06/2005
  13.05     107     Purchase
09/06/2005
  13.07     9,055     Purchase
09/06/2005
  13.08     245     Purchase
09/06/2005
  13.09     181     Purchase
09/06/2005
  13.10     178     Purchase
09/06/2005
  13.11     483     Purchase
09/06/2005
  13.12     174     Purchase
09/06/2005
  13.13     1,856     Purchase
09/06/2005
  13.14     320     Purchase
09/06/2005
  13.15     138     Purchase
09/06/2005
  13.18     36     Purchase
09/06/2005
  13.21     4     Purchase
09/06/2005
  13.23     355     Purchase
09/06/2005
  13.24     146     Purchase
09/06/2005
  13.25     142     Purchase
09/07/2005
  13.375     8,400     Purchase
D. WSO
                 
        Number of    
Date   Price ($)   Shares   Purchase/Sale
09/02/2005
  12.96     30     Purchase
09/02/2005
  12.98     273     Purchase
09/02/2005
  12.99     30     Purchase
09/02/2005
  13.00     850     Purchase
09/02/2005
  13.01     7     Purchase
09/02/2005
  13.02     182     Purchase
09/02/2005
  13.04     91     Purchase
09/02/2005
  13.05     30     Purchase
09/02/2005
  13.06     241     Purchase
09/02/2005
  13.07     243     Purchase
09/02/2005
  13.08     152     Purchase
09/02/2005
  13.09     182     Purchase
09/02/2005
  13.10     213     Purchase
09/02/2005
  13.12     152     Purchase
09/02/2005
  13.18     152     Purchase
09/02/2005
  13.19     820     Purchase
09/02/2005
  13.20     395     Purchase
09/02/2005
  13.21     213     Purchase
09/02/2005
  13.22     61     Purchase
09/06/2005
  12.87     840     Purchase
09/06/2005
  12.88     58     Purchase
09/06/2005
  12.89     35     Purchase
09/06/2005
  12.90     4     Purchase
09/06/2005
  12.91     40     Purchase
09/06/2005
  12.92     115     Purchase
09/06/2005
  12.93     51     Purchase
09/06/2005
  12.94     64     Purchase
09/06/2005
  12.95     86     Purchase
09/06/2005
  12.96     115     Purchase
09/06/2005
  12.97     13     Purchase
09/06/2005
  12.98     20     Purchase
09/06/2005
  12.985     629     Purchase
09/06/2005
  12.986     32     Purchase
09/06/2005
  12.99     64     Purchase
09/06/2005
  13.00     962     Purchase
09/06/2005
  13.04     45     Purchase
09/06/2005
  13.05     19     Purchase
09/06/2005
  13.07     1,636     Purchase
09/06/2005
  13.08     44     Purchase
09/06/2005
  13.09     33     Purchase
09/06/2005
  13.10     32     Purchase
09/06/2005
  13.11     87     Purchase
09/06/2005
  13.12     31     Purchase
09/06/2005
  13.13     335     Purchase
09/06/2005
  13.14     58     Purchase
09/06/2005
  13.15     25     Purchase
09/06/2005
  13.18     6     Purchase
09/06/2005
  13.21     1     Purchase
09/06/2005
  13.23     64     Purchase
09/06/2005
  13.24     26     Purchase
09/06/2005
  13.25     26     Purchase
09/07/2005
  13.375     1,000     Purchase
E. WSOQP
                 
        Number of    
Date   Price ($)   Shares   Purchase/Sale
09/06/2005
  12.87     435     Purchase
09/06/2005
  12.88     30     Purchase
09/06/2005
  12.89     18     Purchase
09/06/2005
  12.90     2     Purchase
09/06/2005
  12.91     21     Purchase
09/06/2005
  12.92     60     Purchase
09/06/2005
  12.93     27     Purchase
09/06/2005
  12.94     33     Purchase
09/06/2005
  12.95     45     Purchase
09/06/2005
  12.96     60     Purchase
09/06/2005
  12.97     7     Purchase
09/06/2005
  12.98     10     Purchase
09/06/2005
  12.985     326     Purchase
09/06/2005
  12.986     17     Purchase
09/06/2005
  12.99     33     Purchase
09/06/2005
  13.00     498     Purchase
09/06/2005
  13.04     23     Purchase
09/06/2005
  13.05     10     Purchase
09/06/2005
  13.07     847     Purchase
09/06/2005
  13.08     23     Purchase
09/06/2005
  13.09     17     Purchase
09/06/2005
  13.10     17     Purchase
09/06/2005
  13.11     45     Purchase
09/06/2005
  13.12     16     Purchase
09/06/2005
  13.13     174     Purchase
09/06/2005
  13.14     30     Purchase
09/06/2005
  13.15     13     Purchase
09/06/2005
  13.18     3     Purchase
09/06/2005
  13.23     33     Purchase
09/06/2005
  13.24     14     Purchase
09/06/2005
  13.25     13     Purchase
09/07/2005
  13.375     1,000     Purchase
F. WSO International
                 
        Number of    
Date   Price ($)   Shares   Purchase/Sale
09/02/2005
  12.96     70     Purchase
09/02/2005
  12.98     627     Purchase
09/02/2005
  12.99     70     Purchase
09/02/2005
  13.00     1,950     Purchase
09/02/2005
  13.01     16     Purchase
09/02/2005
  13.02     418     Purchase
09/02/2005
  13.04     209     Purchase
09/02/2005
  13.05     70     Purchase
09/02/2005
  13.06     552     Purchase
09/02/2005
  13.07     557     Purchase
09/02/2005
  13.08     348     Purchase
09/02/2005
  13.09     418     Purchase
09/02/2005
  13.10     487     Purchase
09/02/2005
  13.12     348     Purchase
09/02/2005
  13.18     348     Purchase
09/02/2005
  13.19     1,880     Purchase
09/02/2005
  13.20     905     Purchase
09/02/2005
  13.21     487     Purchase
09/02/2005
  13.22     139     Purchase
09/06/2005
  12.87     1,170     Purchase
09/06/2005
  12.88     80     Purchase
09/06/2005
  12.89     49     Purchase
09/06/2005
  12.90     6     Purchase
09/06/2005
  12.91     56     Purchase
09/06/2005
  12.92     161     Purchase
09/06/2005
  12.93     71     Purchase
09/06/2005
  12.94     89     Purchase
09/06/2005
  12.95     120     Purchase
09/06/2005
  12.96     161     Purchase
09/06/2005
  12.97     18     Purchase
09/06/2005
  12.98     28     Purchase
09/06/2005
  12.985     876     Purchase
09/06/2005
  12.986     45     Purchase
09/06/2005
  12.99     89     Purchase
09/06/2005
  13.00     1,340     Purchase
09/06/2005
  13.04     63     Purchase
09/06/2005
  13.05     27     Purchase
09/06/2005
  13.07     2,278     Purchase
09/06/2005
  13.08     62     Purchase
09/06/2005
  13.09     46     Purchase
09/06/2005
  13.10     45     Purchase
09/06/2005
  13.11     121     Purchase
09/06/2005
  13.12     44     Purchase
09/06/2005
  13.13     467     Purchase
09/06/2005
  13.14     80     Purchase
09/06/2005
  13.15     35     Purchase
09/06/2005
  13.18     9     Purchase
09/06/2005
  13.21     1     Purchase
09/06/2005
  13.23     89     Purchase
09/06/2005
  13.24     37     Purchase
09/06/2005
  13.25     36     Purchase
09/07/2005
  13.375     1,500     Purchase
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
     Not applicable.
Item 7. Material to Be Filed as Exhibits.
     
Exhibit 1
  Joint Filing Agreement, dated April 1, 2005, entered into by and among WS Capital, L.L.C., WS Capital Management, L.P., Walker Smith Capital, L.P., Walker Smith Capital (Q.P.), L.P., Walker Smith International Fund, Ltd., WSV Management, L.L.C., WS Ventures Management, L.P., WS Opportunity Fund, L.P., WS Opportunity Fund (Q.P.), L.P., WS Opportunity Fund International, Ltd., Reid S. Walker, G. Stacy Smith and Patrick P. Walker.

17 of 20


Table of Contents

SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: September 16, 2005
         
    WS CAPITAL, L.L.C.
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       
    WS CAPITAL MANAGEMENT, L.P.
 
       
  By:   WS Capital, L.L.C., its general partner
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       
    WALKER SMITH CAPITAL, L.P.
 
       
  By:   WS Capital Management, L.P., its general partner
  By:   WS Capital, L.L.C., its general partner
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       
    WALKER SMITH CAPITAL (Q.P.), L.P.
 
       
  By:   WS Capital Management, L.P., its general partner
  By:   WS Capital, L.L.C., its general partner
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       
    WALKER SMITH INTERNATIONAL FUND, LTD.
 
       
  By:   WS Capital Management, L.P., its agent and attorney-in-fact
  By:   WS Capital, L.L.C., its general partner
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       
    WSV MANAGEMENT, L.L.C.
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       

18 of 20


Table of Contents

         
    WS VENTURES MANAGEMENT, L.P.
 
       
  By:   WSV Management, L.L.C., its general partner
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       
    WS OPPORTUNITY FUND, L.P.
 
       
  By:   WS Ventures Management, L.P., its general partner
  By:   WSV Management, L.L.C., its general partner
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       
    WS OPPORTUNITY FUND (Q.P.), L.P.
 
       
  By:   WS Ventures Management, L.P., its general partner
  By:   WSV Management, L.L.C., its general partner
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       
    WS OPPORTUNITY FUND INTERNATIONAL, LTD.
 
       
  By:   WS Ventures Management, L.P., its agent and attorney-in-fact
  By:   WSV Management, L.L.C., its general partner
 
       
  By:   /s/ Reid S. Walker
       
      Reid S. Walker, Member
 
       
      /s/ Reid S. Walker
       
      REID S. WALKER
 
       
      /s/ G. Stacy Smith
       
      G. STACY SMITH
 
       
      /s/ Patrick P. Walker
       
      PATRICK P. WALKER

19 of 20