Exhibit B-1
SCHEDULE OF TRANSACTIONS IN SHARES
Marcato, Richard T. McGuire III, and Marcato, L.P.
Date of Transaction | Security | Amount of Securities Bought (Sold)* | Unit Cost** | Expiration Date | Where and How Effected*** |
2/25/2013 | American Style OTC Call Option | 21,367 | 28.98 | 2/5/2015 | OTC |
2/25/2013 | European Style OTC Put Option | (21,367) | - | 2/5/2015 | OTC |
2/26/2013 | American Style OTC Call Option | 34,187 | 28.16 | 2/5/2015 | OTC |
2/26/2013 | European Style OTC Put Option | (34,187) | - | 2/5/2015 | OTC |
2/26/2013 | European Style OTC Put Option | 77,240 | - | 2/5/2015 | TRM |
2/26/2013 | American Style OTC Call Option | (77,240) | - | 2/5/2015 | OTC, EXC |
2/26/2013 | Common Stock | 77,240 | 25.00 | N/A | OTC, EXC |
2/26/2013 | American Style OTC Call Option | (86,199) | - | 2/5/2015 | OTC, EXC |
2/26/2013 | Common Stock | 86,199 | - | N/A | OTC, EXC |
2/27/2013 | Common Stock | 34,187 | 54.05 | N/A | OPN |
* For options, represents the number of underlying shares
** With respect to options, represents the cost per underlying share
*** OTC = over the counter, OPN = open market, EXC= exercise of option, TRM = termination of option
Marcato, Richard T. McGuire III, and Marcato II, L.P.
Date of Transaction | Security | Amount of Securities Bought (Sold)* | Unit Cost** | Expiration Date | Where and How Effected*** |
2/25/2013 | American Style OTC Call Option | 2,193 | 28.98 | 2/5/2015 | OTC |
2/25/2013 | European Style OTC Put Option | (2,193) | - | 2/5/2015 | OTC |
2/26/2013 | American Style OTC Call Option | 3,509 | 28.16 | 2/5/2015 | OTC |
2/26/2013 | European Style OTC Put Option | (3,509) | - | 2/5/2015 | OTC |
2/26/2013 | European Style OTC Put Option | 8,567 | - | 2/5/2015 | TRM |
2/26/2013 | American Style OTC Call Option | (8,567) | - | 2/5/2015 | OTC, EXC |
2/26/2013 | Common Stock | 8,567 | 25.00 | N/A | OTC, EXC |
2/26/2013 | American Style OTC Call Option | (11,389) | - | 2/5/2015 | OTC, EXC |
2/26/2013 | Common Stock | 11,389 | - | N/A | OTC, EXC |
2/27/2013 | Common Stock | 3,509 | 54.05 | N/A | OPN |
2/28/2013 | Common Stock | 4,754 | 53.97 | N/A | OPN |
* For options, represents the number of underlying shares
** With respect to options, represents the cost per underlying share
*** OTC = over the counter, OPN = open market, EXC= exercise of option, TRM = termination of option
Marcato, Richard T. McGuire III, and Marcato International Master Fund, Ltd.
Date of Transaction | Security | Amount of Securities Bought (Sold)* | Unit Cost** | Expiration Date | Where and How Effected*** |
2/25/2013 | American Style OTC Call Option | 101,440 | 28.98 | 2/5/2015 | OTC |
2/25/2013 | European Style OTC Put Option | (101,440) | - | 2/5/2015 | OTC |
2/26/2013 | American Style OTC Call Option | 162,304 | 28.16 | 2/5/2015 | OTC |
2/26/2013 | European Style OTC Put Option | (162,304) | - | 2/5/2015 | OTC |
2/26/2013 | European Style OTC Put Option | 336,373 | - | 2/5/2015 | TRM |
2/26/2013 | American Style OTC Call Option | (336,373) | - | 2/5/2015 | OTC, EXC |
2/26/2013 | Common Stock | 336,373 | 25.00 | N/A | OTC, EXC |
2/26/2013 | American Style OTC Call Option | (288,672) | - | 2/5/2015 | OTC, EXC |
2/26/2013 | Common Stock | 288,672 | - | N/A | OTC, EXC |
2/27/2013 | Common Stock | 162,304 | 54.05 | N/A | OPN |
2/28/2013 | Common Stock | 88,286 | 53.97 | N/A | OPN |
* For options, represents the number of underlying shares
** With respect to options, represents the cost per underlying share
*** OTC = over the counter, OPN = open market, EXC= exercise of option, TRM = termination of option
Oskie, David Markowitz, Clive Rowe, Oskie Master Fund, LP
Date of Transaction | Security | Amount of Securities Bought (Sold)* | Unit Cost** | Expiration Date | Where and How Effected*** |
2/15/2013 | American Style Listed Call Option | (56,900) | - | 2/16/2013 | EXC |
2/15/2013 | Common Stock | 56,900 | 50 | N/A | EXC |
* For options, represents the number of underlying shares
** With respect to options, represents the cost per underlying share
*** OTC = over the counter, OPN = open market, EXC= exercise of option, TRM = termination of option
Oskie, David Markowitz, Clive Rowe and the Managed Account
Date of Transaction | Security | Amount of Securities Bought (Sold)* | Unit Cost** | Expiration Date | Where and How Effected*** |
2/15/2013 | American Style Listed Call Option | (63,100) | - | 2/16/2013 | EXC |
2/15/2013 | Common Stock | 63,100 | 50 | N/A | EXC |
* For options, represents the number of underlying shares
** With respect to options, represents the cost per underlying share
*** OTC = over the counter, OPN = open market, EXC= exercise of option, TRM = termination of option
Exhibit G
Participants
The following persons are anticipated to be, or may be deemed to be, participants in the intended solicitation of proxies with respect to the 2013 annual meeting of stockholders of Lear Corporation (the “Issuer”) by Marcato Capital Management LLC (“Marcato”), Oskie Capital Management LLC (“Oskie”) and certain of their affiliates:
MARCATO CAPITAL MANAGEMENT LLC
Marcato Capital Management LLC is a Delaware limited liability company, whose principal business address is One Montgomery Street, Suite 3250, San Francisco, CA 94104. The principal business of Marcato Capital Management LLC is to purchase, sell, trade and invest in securities.
MARCATO, L.P.
Marcato, L.P. is a Delaware limited partnership, whose principal business address is One Montgomery Street, Suite 3250, San Francisco, CA 94104. The principal business of Marcato, L.P. is to purchase, sell, trade and invest in securities.
MARCATO II, L.P.
Marcato II, L.P. is a Delaware limited partnership, whose principal business address is One Montgomery Street, Suite 3250, San Francisco, CA 94104. The principal business of Marcato II, L.P. is to purchase, sell, trade and invest in securities.
MARCATO INTERNATIONAL MASTER FUND, LTD.
Marcato International Master Fund, Ltd. is a Cayman Islands exempted company, whose principal business address is c/o Ogier Fiduciary Services (Cayman) Limited 89 Nexus Way, Camana Bay Grand Cayman, Cayman Islands KY1-9007. Marcato International Master Fund, Ltd. also has a business office c/o Marcato Capital Management LLC, One Montgomery Street, Suite 3250, San Francisco, CA 94104. The principal business of Marcato International Master Fund, Ltd. is to purchase, sell, trade and invest in securities.
RICHARD T. MCGUIRE III
Richard T. McGuire III is the founder and managing member of Marcato Capital Management LLC. Mr. McGuire’s principal business address is One Montgomery Street, Suite 3250, San Francisco, CA 94104.
OSKIE CAPITAL MANAGEMENT LLC
Oskie Capital Management LLC is a Delaware limited liability company, whose principal business address is 10 East 53rd St., 31st Floor, New York, NY 10022. The principal business of Oskie Capital Management LLC is to purchase, sell, trade and invest in securities.
OSKIE MASTER FUND, LP
Oskie Master Fund, LP is a Delaware limited partnership, whose principal business address is 10 East 53rd St., 31st Floor, New York, NY 10022. The principal business of Oskie Master Fund, LP is to purchase, sell, trade and invest in securities.
DAVID MARKOWITZ
David Markowitz is a founder and portfolio manager of Oskie Capital Management LLC. Mr. Markowitz’s principal business address is 10 East 53rd St., 31st Floor, New York, NY 10022.
CLIVE ROWE
Clive Rowe is a founder and head of research of Oskie Capital Management LLC. Mr. Rowe’s principal business address is 10 East 53rd St., 31st Floor, New York, NY 10022.
ENRICO DIGIROLAMO
Enrico Digirolamo is Senior Vice President of Allstate Insurance. Mr. Digirolamo’s principal business address is 2775 Sanders Road, Northbrook, Illinois 60062.
Beneficial Ownership of Common Stock and other Interests:
As of February 28, 2013, Marcato , L.P. (“Marcato I”) is the direct record owner of 1,000 shares of Common Stock, $0.01 par value of the Issuer (the “Shares”) and the beneficial owner of 1,261,464 Shares, Marcato II , L.P. (“Marcato II”) is the direct record owner of 1,000 Shares and the beneficial owner of 165,818 Shares, Marcato International Master Fund, Ltd. (“Marcato International”) is the direct record owner of 1,000 Shares and the beneficial owner of 4,225,744 Shares. As of February 28, 2013 Oskie Master Fund, LP (“Oskie Master Fund”) is the direct record owner of 1,000 Shares and the beneficial owner of 174,838 Shares.
In addition, as of the date hereof, (i) Marcato and Richard T. McGuire III (collectively with Marcato, Marcato I, Marcato II and Marcato International, the “Marcato Stockholders”) may be deemed to be the beneficial owners of 5,653,026 Shares (the “Marcato Shares”) constituting 5.9% of the Shares, (ii) Marcato I may be deemed to be the beneficial owner of 1,261,464 Shares, constituting 1.3% of the Shares, (iii) Marcato II may be deemed to be the beneficial owner of 165,818 Shares, constituting 0.2% of the Shares, (iii) Marcato International may be deemed to be the beneficial owner of 4,225,744 Shares, constituting 4.4% of the Shares, each based upon 95,704,487 Shares outstanding as of February 8, 2013, and (iv) Oskie and David M. Markowitz (collectively with Oskie and Oskie Master Fund, the “Oskie Shareholders”) may be deemed to be the beneficial owners of 368,683 Shares constituting 0.4% of the Shares. Marcato I may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) 1,261,464 Shares. Marcato II may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) 165,818 Shares. Marcato International may be deemed to have the shared power to vote or direct vote of (and the shared power to dispose or direct the disposition of) 4,225,744 Shares. Marcato, as the general partner of Marcato I, Marcato II and the investment manager of Marcato
International, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Marcato Shares. By virtue of Mr. McGuire's position as managing member of Marcato, Mr. McGuire may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Marcato Shares and, therefore, Mr. McGuire may be deemed to be the beneficial owner of the Marcato Shares. Mr. Markowitz, as Portfolio Manager of Oskie, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Oskie Shares. By virtue of Mr. Markowitz's position as Portfolio Manager of Oskie, Mr. Markowitz may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Oskie Shares and, therefore, Mr. Markowitz may be deemed to be the beneficial owner of the Oskie Shares. By virtue of Clive Rowe’s position as head of research of Oskie, Mr. Rowe may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Oskie Shares and, therefore, Mr. Rowe may be deemed to be the beneficial owner of the Oskie Shares. The names and addresses of the other Nomination Participants are set forth above. The number of Shares set forth above includes options to purchase Shares that are exercisable within the next 60 days.
The Marcato Stockholders are party to options to purchase 1,900,000 Shares pursuant to various American-style call options (which were bought by the Marcato Stockholders, and which require the other counterparty thereto to sell and permit the Marcato Stockholders to acquire such Shares if exercised) with strike prices of $55 and exercisable through March 16, 2013. None of the options gives the Marcato Stockholders direct or indirect voting, investment or dispositive control over any securities of the Issuer or requires the counterparties thereto to acquire, hold, vote or dispose of any securities of the Issuer prior to exercise. The number of shares underlying such call options is 423,300 with respect to Marcato I, 54,900 with respect to Marcato II and 1,421,800 with respect to Marcato International.
The Marcato Stockholders are party to options to sell 1,900,000 Shares pursuant to various put options (which were sold by the Marcato Stockholders, and which permit the other counterparty thereto to sell and require the Marcato Stockholders to acquire such Shares if exercised) with strike prices of $40 and exercisable through March 16, 2013. None of the options gives the counterparty direct or indirect voting, investment or dispositive control over any securities of the Issuer or requires the counterparties thereto to acquire, hold, vote or dispose of any securities of the Issuer prior to exercise. The number of shares underlying such put options is 423,300 with respect to Marcato I, 54,900 with respect to Marcato II and 1,421,800 with respect to Marcato International.
The Oskie Stockholders are party to options to purchase 80,000 Shares pursuant to various listed American-style call options (which were bought by the Oskie Stockholders, and which require the other counterparty thereto to sell and permit the Oskie Stockholders to acquire such Shares if exercised) with strike prices of $50 and exercisable through March 16, 2013. None of the options gives the Oskie Stockholders direct or indirect voting, investment or dispositive control over any securities of the Issuer or requires the counterparties thereto to acquire, hold, vote or dispose of any securities of the Issuer prior to exercise. The number of shares underlying such call options is 37,900 with respect to Oskie Master Fund and 42,100 with respect to Oskie on behalf of its managed account.
Mr. McGuire could be considered to have an interest in the proposed nomination of candidates for election to the Board of Directors (the “Board”) of the Issuer (the “Nomination Proposal”) indirectly through his profit interests in the Shares held by the Marcato Stockholders as described below and through investments in certain of the Marcato Stockholders. In connection with his employment by Marcato, Mr. McGuire has a participatory interest in the profits derived by its affiliated entities from their investment in certain companies, including the Issuer.
Mr. Markowitz and Mr. Rowe could be considered to have an interest in the Nomination Proposal indirectly through their respective profit interests in the Shares held by the Oskie Stockholders as described below and through investments in certain of the Oskie Stockholders. In connection with their employment by Oskie, Mr. Markowitz and Mr. Rowe each has a participatory interest in the profits derived by its affiliated entities from their investment in certain companies, including the Issuer.
Mr. McGuire, Mr. Markowitz and Mr. Digirolamo (the “Nominees”) may be deemed to have an interest in their nominations for election to the Board of the Issuer by virtue of compensation the Nominees will receive from the Issuer as a director, if elected to the Board, and as described elsewhere in the letter delivered to the Issuer on February 14, 2013 and filed as Exhibit E to the Amendment to the 13D filed by Marcato, Oskie and certain of their affiliates on February 14, 2013.
Innisfree M&A Incorporated (“Innisfree”) is serving as an advisor and is providing consulting and analytic services and solicitation services in connection with the solicitation of proxies. Innisfree does not believe that any of its directors, officers, employees, affiliates or controlling persons, if any, is a “participant” in this proxy solicitation. In addition, regular employees of the Marcato Stockholders or the Oskie Stockholders may assist in the solicitation of proxies and will receive no additional consideration therefor.