EXHIBIT 99.3
Description of Transactions in the Shares that were Effected during the Past 60 Days
Nature of Transaction | Purchaser | Date of Transaction | Amount of Securities | Price Per Share/Premium Per Option |
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 17, 2012 | 35,100 | $23.94 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 17, 2012 | 18,900 | $24.15 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 17, 2012 | 30,000 | $24.24 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 21, 2012 | 1,300 | $23.90 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 21, 2012 | 94,546
| $23.74
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 22, 2012 | 72,484
| $23.54
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 23, 2012 | 5,652
| $23.52
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 23, 2012 | 43,872
| $23.64
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 23, 2012 | 424,804
| $23.68
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 24, 2012 | 19,788
| $23.71
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 27, 2012 | 1,800
| $23.75
|
Open Market Purchase of Common Stock | Marcato II, LP | February 27, 2012 | 8,725 | $24.84 |
Open Market Purchase of Common Stock | Marcato LP | February 27, 2012 | 27,698 | $24.84 |
Nature of Transaction | Purchaser | Date of Transaction | Amount of Securities | Price Per Share/Premium Per Option |
Open Market Purchase of Common Stock | Marcato International Master Fund Ltd. | February 27, 2012 | 63,577 | $24.84 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 28, 2012 | 27,000
| $24.70
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 28, 2012 | 100,000
| $24.60
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 29, 2012 | 66,342
| $24.83
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | February 29, 2012 | 81,700
| $24.89
|
Open Market Purchase of Common Stock | Marcato LP | February 29, 2012 | 10,751 | $24.98 |
Open Market Purchase of Common Stock | Marcato International Master Fund Ltd. | February 29, 2012 | 252,449 | $24.98 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 1, 2012 | 20,661
| $25.39
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 1, 2012 | 25,000
| $25.35
|
Open Market Purchase of Common Stock | Marcato LP | March 1, 2012 | 3,678 | $25.54 |
Open Market Purchase of Common Stock | Marcato International Master Fund Ltd. | March 1, 2012 | 86,357 | $25.54 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 2, 2012 | 71,000
| $25.35
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 2, 2012 | 25,000
| $25.35
|
Open Market Purchase of Common Stock | Marcato LP | March 2, 2012 | 4,085 | $25.35 |
Open Market Purchase of Common Stock | Marcato International Master Fund Ltd. | March 2, 2012 | 95,915 | $25.35 |
Nature of Transaction | Purchaser | Date of Transaction | Amount of Securities | Price Per Share/Premium Per Option |
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 5, 2012 | 45,931
| $25.37
|
Open Market Purchase of Common Stock | Marcato LP | March 5, 2012 | 2,281 | $25.40 |
Open Market Purchase of Common Stock | Marcato International Master Fund Ltd. | March 5, 2012 | 53,568 | $25.40 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 6, 2012 | 47,600
| $25.26
|
Open Market Purchase of Common Stock | Marcato LP | March 6, 2012 | 2,198 | $25.28 |
Open Market Purchase of Common Stock | Marcato International Master Fund Ltd. | March 6, 2012 | 51,602 | $25.28 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 7, 2012 | 25,300
| $25.22
|
Open Market Purchase of Common Stock | Marcato LP | March 7, 2012 | 641 | $25.28 |
Open Market Purchase of Common Stock | Marcato International Master Fund Ltd. | March 7, 2012 | 15,059 | $25.28 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 8, 2012 | 10,146
| $25.22
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 8, 2012 | 80,000
| $25.19
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 9, 2012 | 140,500
| $25.66
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 12, 2012 | 32,400
| $25.82
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 12, 2012 | 100,000
| $25.84
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 13, 2012 | 25,000
| $25.71
|
Nature of Transaction | Purchaser | Date of Transaction | Amount of Securities | Price Per Share/Premium Per Option |
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 13, 2012 | 45,000
| $25.70
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 14, 2012 | 102,000
| $25.98
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 15, 2012 | 105,063
| $26.04
|
Purchase of Call Options | Corvex Master Fund LP | March 16, 2012 | 420,000(1)
| $8.26(2)
|
Sale of Put Options | Corvex Master Fund LP | March 16, 2012 | 420,000(3)
| $0.01(4)
|
Purchase of Call Options | Corvex Master Fund LP | March 19, 2012 | 75,000(1)
| $8.35(2)
|
Sale of Put Options | Corvex Master Fund LP | March 19, 2012 | 75,000(3)
| $0.01(4)
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 20, 2012 | 20,000
| $25.90
|
Purchase of Call Options | Corvex Master Fund LP | March 20, 2012 | 100,000(1)
| $8.05(2)
|
Sale of Put Options | Corvex Master Fund LP | March 20, 2012 | 100,000(3)
| $0.01(4)
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 21, 2012 | 20,000
| $25.89
|
Purchase of Call Options | Corvex Master Fund LP | March 21, 2012 | 100,000(1)
| $7.94(2)
|
Sale of Put Options | Corvex Master Fund LP | March 21, 2012 | 100,000(3)
| $0.01(4)
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 22, 2012 | 25,000
| $25.86
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 22, 2012 | 20,000
| $25.85
|
Purchase of Call Options | Corvex Master Fund LP | March 22, 2012 | 45,000(1)
| $7.96(2)
|
Sale of Put Options | Corvex Master Fund LP | March 22, 2012 | 45,000(3)
| $0.01(4)
|
Purchase of Call Options | Corvex Master Fund LP | March 23, 2012 | 70,000(1)
| $8.26(2)
|
Sale of Put Options | Corvex Master Fund LP | March 23, 2012 | 70,000(3)
| $0.01(4)
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 26, 2012 | 10,000
| $26.17
|
Nature of Transaction | Purchaser | Date of Transaction | Amount of Securities | Price Per Share/Premium Per Option |
Open Market Purchase of Common Stock | Marcato II, LP | March 26, 2012 | 15,776 | $26.11 |
Open Market Purchase of Common Stock | Marcato LP | March 26, 2012 | 52,794 | $26.11 |
Open Market Purchase of Common Stock | Marcato International Master Fund Ltd. | March 26, 2012 | 178,730 | $26.11 |
Purchase of Call Options | Corvex Master Fund LP | March 26, 2012 | 200,000(1)
| $8.35(2)
|
Sale of Put Options | Corvex Master Fund LP | March 26, 2012 | 200,000(3)
| $0.01(4)
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 27, 2012 | 186,800
| $26.23
|
Open Market Purchase of Common Stock | Marcato II, LP | March 27, 2012 | 13,091 | $26.25 |
Open Market Purchase of Common Stock | Marcato LP | March 27, 2012 | 43,756 | $26.25 |
Open Market Purchase of Common Stock | Marcato International Master Fund Ltd. | March 27, 2012 | 145,853 | $26.25 |
Purchase of Call Options | Corvex Master Fund LP | March 27, 2012 | 225,000(1)
| $8.05(2)
|
Sale of Put Options | Corvex Master Fund LP | March 27, 2012 | 225,000(3)
| $0.01(4)
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 28, 2012 | 25,000
| $26.55
|
Purchase of Call Options | Corvex Master Fund LP | March 28, 2012 | 3,700(1)
| $7.94(2)
|
Sale of Put Options | Corvex Master Fund LP | March 28, 2012 | 3,700(3)
| $0.01(4)
|
Purchase of Call Options | Corvex Master Fund LP | March 29, 2012 | 47,300(1)
| $7.96(2)
|
Sale of Put Options | Corvex Master Fund LP | March 29, 2012 | 47,300(3)
| $0.01(4)
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | March 30, 2012 | 25,000
| $27.21
|
Purchase of Call Options | Corvex Master Fund LP | March 30, 2012 | 85,100(1)
| $7.94(2)
|
Nature of Transaction | Purchaser | Date of Transaction | Amount of Securities | Price Per Share/Premium Per Option |
Sale of Put Options | Corvex Master Fund LP | March 30, 2012 | 85,100(3)
| $0.01(4)
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | April 2, 2012 | 69,000
| $27.01
|
Purchase of Call Options | Corvex Master Fund LP | April 2, 2012 | 425,000(1)
| $8.26(2)
|
Sale of Put Options | Corvex Master Fund LP | April 2, 2012 | 425,000(3)
| $0.01(4)
|
Open Market Sale of Common Stock | Marcato, II LP
| April 2, 2012 | 6,342 | $27.31 |
Open Market Sale of Common Stock | Marcato, LP
| April 2, 2012 | 14,640 | $27.31 |
Open Market Purchase of Common Stock | Marcato International Master Fund, Ltd.
| April 2, 2012 | 20,982
| $27.31 |
Open Market Purchase of Common Stock | Corvex Master Fund LP | April 3, 2012 | 84,524
| $26.91
|
Purchase of Call Options | Corvex Master Fund LP | April 3, 2012 | 28,900(1)
| $9.00(2)
|
Sale of Put Options | Corvex Master Fund LP | April 3, 2012 | 28,900(3)
| $0.01(4)
|
Open Market Purchase of Common Stock | Corvex Master Fund LP | April 4, 2012 | 175,787 | $27.04 |
(1) Represents shares underlying American-style call options purchased in the over the counter market. These call options expire on April 30, 2013.
(2) This amount represents the cost of an applicable American-style call option to purchase one Share. The per share exercise price of these call options is $18.
(3) Represents shares underlying European-style put options sold in the over the counter market. These put options expire on the earlier of April 30, 2013 or the date on which the corresponding American-style call option described above in footnote 1 is exercised.
(4) This amount represents the proceeds received from an applicable European-style put option to sell one Share. The per share exercise price of these put options is $18.