schedule13da.htm

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*

ENDO Pharmaceuticals Holdings Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class Securities)


29264F205

 
D. E. Shaw & Co., L.P.
Attn:  Compliance Department
120 West Forty-Fifth Street
Floor 39, Tower 45
New York, NY 10036
212-478-0000

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

Copies to:

Christopher Boies, Esq.
Boies, Schiller & Flexner LLP
575 Lexington Avenue
New York, NY 10022

December 17, 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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [_]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.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, as amended (the “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).

          



CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
D. E. Shaw Composite Portfolios, L.L.C.
FEIN 13-4152438
2
Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [_]
(b) [_]
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)  [_]
 
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
 
8,104,219
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
8,104,219
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
8,104,219
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
6.0%
14
Type of Reporting Person (See Instructions)
 
OO


      
      
    





CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
D. E. Shaw Valence Portfolios, L.L.C.
FEIN 13-4046559
2
Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [_]
(b) [_]
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)  [_]
 
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
 
4,802,237
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
4,802,237
11
Aggregate Amount Beneficially Owned by Each Reporting Person 1
 
4,802,237
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
3.6%
14
Type of Reporting Person (See Instructions)
 
OO



 
1 The 4,802,237 Common Shares set forth above include (a) 4,777,237 Common Shares owned by Valence, and (b) 25,000 Common Shares which Valence has the right to acquire through the exercise of listed call options.

      
    
    





CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
D. E. Shaw & Co., L.L.C.
FEIN 13-3799946
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
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)  [_]
 
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
 
8,104,219
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
8,104,219
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
8,104,219
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
6.0%
14
Type of Reporting Person (See Instructions)
 
OO


      
   
    



CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
D. E. Shaw & Co., L.P.
FEIN 13-3695715
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
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)  [_]
 
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
 
12,929,852
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
12,938,532
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
12,938,532
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
9.6%
14
Type of Reporting Person (See Instructions)
 
IN, PN

      
         
    


CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
David E. Shaw
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
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)  [_]
 
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
 
12,929,852
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
12,938,532
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
12,938,532
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
9.6%
14
Type of Reporting Person (See Instructions)
 
IN

      
      
    


AMENDMENT NO. 3 TO SCHEDULE 13D

 
This Amendment No. 3 to Schedule 13D amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on July 27, 2007, as amended by Amendment No. 1 to Schedule 13D filed with the SEC on October 12, 2007, and by Amendment No. 2 to Schedule 13D filed with the SEC on November 21, 2007 (as amended, the “Schedule 13D”).  Capitalized terms used herein which are not defined herein have the meanings given to such terms in the Schedule 13D.  Except as otherwise provided herein, all Items of the Schedule 13D remain unchanged.
 
Item 3.
Source and Amount of Funds or Other Consideration
 
 
Item 3 of the Schedule 13D is hereby supplemented as follows:
 
In acquiring 450,000 additional Common Shares owned by Composite since November 21, 2007, Composite expended approximately $12,267,072.93 (excluding commissions) of its working capital.  In acquiring 1,203,196 additional Common Shares owned by Valence since November 21, 2007, Valence expended approximately $32,687,600.38 (excluding commissions) of its working capital.
   
Item 5.
Interest in Securities of the Issuer
 
 
Item 5 of the 13D is hereby supplemented as follows:
 
 
(a), (b) Based upon the Issuer’s Form 10-Q, filed with the Securities and Exchange Commission on November 2, 2007, there were 134,112,148 Common Shares issued and outstanding as of October 26, 2007.  The 8,104,219 Common Shares beneficially owned by Composite (the “Composite Shares”) represent approximately 6.0% of the Common Shares issued and outstanding. The 4,802,237 Common Shares beneficially owned by Valence (the “Valence Shares”) represent approximately 3.6% of the Common Shares issued and outstanding.2  As of December 19, 2007, Synoptic does not hold a position in the Common Shares.  The 8,104,219 Common Shares beneficially owned by DESCO LLC represent approximately 6.0% of the Common Shares issued and outstanding.  The 12,938,532 Common Shares beneficially owned by DESCO LP (the “Subject Shares”) represent approximately 9.6% of the Common Shares issued and outstanding.  The Subject Shares are comprised of (i) the Composite Shares, (ii) the Valence Shares, and (iii) 32,076 Common Shares under the management of DESIM LLC (the “DESIM Shares”).
   
 
Composite has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the Composite Shares. Valence has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the Valence Shares.  DESIM LLC has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) 23,396 of the DESIM Shares, and the shared power to dispose or direct the disposition of (but not the power to vote or to direct the vote of) 8,680 of the DESIM Shares.  Composite disclaims beneficial ownership of the Common Shares beneficially owned by Valence and DESIM LLC; Valence disclaims beneficial ownership of the Common Shares beneficially owned by Composite and DESIM LLC; Synoptic disclaims beneficial ownership of the Common Shares beneficially owned by Composite, Valence, and DESIM LLC; and DESIM LLC disclaims beneficial ownership of the Common Shares beneficially owned by Composite and Valence.
   
 
DESCO LP, as managing member and investment adviser of Valence, investment adviser of Composite, and managing member of DESIM LLC, 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 Composite Shares and the Valence Shares, and the shared power to vote or direct the vote of (and the power to dispose or direct the disposition of) 23,396 of the DESIM Shares, and the shared power to dispose or direct the disposition of (but not the power to vote or to direct the vote of) 8,680 of the DESIM Shares.  DESCO LLC, as Composite’s managing member, 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 Composite Shares.  As managing member of DESCO LLC, DESCO II, Inc. may be deemed to have the shared power to vote or to direct the vote of (and the shared power to dispose or direct the disposition of) the Composite Shares.  As general partner of DESCO LP, DESCO, Inc. may be deemed to have the shared power to vote or to direct the vote of (and the shared power to dispose or direct the disposition of) the Composite Shares and the Valence Shares, and the shared power to vote or direct the vote of (and the power to dispose or direct the disposition of) 23,396 of the DESIM Shares, and the shared power to dispose or direct the disposition of (but not the power to vote or to direct the vote of) 8,680 of the DESIM Shares.  None of DESCO LP, DESCO LLC, DESCO, Inc., or DESCO II, Inc., owns any Common Shares directly, and each such entity disclaims beneficial ownership of the Subject Shares.
   
 
David E. Shaw does not own any shares directly.  By virtue of David E. Shaw’s position as President and sole shareholder of DESCO Inc., which is the general partner of DESCO LP, which in turn is the managing member and investment adviser of Valence, the investment adviser of Composite, and the managing member of DESIM, and by virtue of David E. Shaw’s position as President and sole shareholder of DESCO II, Inc., which is the managing member of DESCO LLC, which in turn is the managing member of Composite, David E. Shaw 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 Composite Shares and the Valence Shares, and the shared power to vote or direct the vote of (and the power to dispose or direct the disposition of), 23,396 of the DESIM Shares, and the shared power to dispose or direct the disposition of (but not the power to vote or to direct the vote of) 8,680 of the DESIM Shares.  David E. Shaw disclaims beneficial ownership of the Subject Shares.
   
 
As of the date hereof, neither any Reporting Person nor, to the best knowledge of any Reporting Person, any of the persons set forth in Item 2 owns any Common Shares other than those set forth in this Item 5.
   
 
(c) The trading dates, number of Common Shares purchased or sold, and the price per share for all transactions by the Reporting Persons in the Common Shares from November 21, 2007, through December 19, 2007, which were all brokered transactions, are set forth below:
   
 
 

2 The 4,802,237 Common Shares set forth above include (a) 4,777,237 Common Shares owned by Valence, and (b) 25,000 Common Shares which Valence has the right to acquire through the exercise of listed call options.
 




Name
Date
Price per Share
Number of Shares Purchased/(Sold)
Valence
11/21/2007
$26.05
100
Valence
11/21/2007
$26.09
100
Valence
11/21/2007
$26.10
9900
Valence
11/21/2007
$26.20
10000
Valence
11/21/2007
$26.40
5500
Valence
11/21/2007
$26.43
900
Valence
11/21/2007
$26.44
15300
Valence
11/21/2007
$26.46
100
Valence
11/21/2007
$26.47
2700
Valence
11/21/2007
$26.48
2200
Valence
11/21/2007
$26.49
10149
Valence
11/21/2007
$26.50
15517
Valence
11/21/2007
$26.51
5686
Valence
11/21/2007
$26.52
3800
Valence
11/21/2007
$26.53
1908
Valence
11/21/2007
$26.54
1009
Valence
11/21/2007
$26.55
1700
Valence
11/21/2007
$26.56
1558
Valence
11/21/2007
$26.57
512
Valence
11/21/2007
$26.58
7913
Valence
11/21/2007
$26.59
2400
Valence
11/21/2007
$26.60
11444
Valence
11/21/2007
$26.61
1663
Synoptic
11/21/2007
$26.08
5
Synoptic
11/21/2007
$26.12
1200
Synoptic
11/21/2007
$26.43
(27)
Synoptic
11/21/2007
$26.49
(200)
Synoptic
11/21/2007
$26.50
100
Synoptic
11/21/2007
$26.50
(300)
Synoptic
11/21/2007
$26.51
(300)
Synoptic
11/21/2007
$26.52
(700)
Synoptic
11/21/2007
$26.53
(3)
Synoptic
11/21/2007
$26.55
100
Synoptic
11/21/2007
$26.55
(400)
Synoptic
11/21/2007
$26.56
200
Synoptic
11/21/2007
$26.57
200
Synoptic
11/21/2007
$26.58
(300)
Synoptic
11/21/2007
$26.60
200
Synoptic
11/21/2007
$26.61
(700)
Valence
11/23/2007
$26.69
200
Valence
11/23/2007
$26.70
1500
Valence
11/23/2007
$26.71
300
Valence
11/23/2007
$26.73
400
Valence
11/23/2007
$26.76
400
Valence
11/23/2007
$26.77
700
Valence
11/23/2007
$26.79
600
Synoptic
11/23/2007
$26.71
(289)
Valence
11/26/2007
$26.36
300
Valence
11/26/2007
$26.39
100
Valence
11/26/2007
$26.40
500
Valence
11/26/2007
$26.41
900
Valence
11/26/2007
$26.42
400
Valence
11/26/2007
$26.43
200
Valence
11/26/2007
$26.44
100
Valence
11/26/2007
$26.45
300
Valence
11/26/2007
$26.47
300
Valence
11/26/2007
$26.48
300
Valence
11/26/2007
$26.49
100
Valence
11/26/2007
$26.51
900
Valence
11/26/2007
$26.52
200
Valence
11/26/2007
$26.54
400
Valence
11/26/2007
$26.55
300
Valence
11/26/2007
$26.56
100
Valence
11/26/2007
$26.57
300
Valence
11/26/2007
$26.59
300
Valence
11/26/2007
$26.60
500
Valence
11/26/2007
$26.61
600
Valence
11/26/2007
$26.62
600
Valence
11/26/2007
$26.63
900
Valence
11/26/2007
$26.64
940
Valence
11/26/2007
$26.65
900
Valence
11/26/2007
$26.66
1100
Valence
11/26/2007
$26.67
400
Valence
11/26/2007
$26.68
675
Valence
11/26/2007
$26.69
500
Valence
11/26/2007
$26.70
400
Valence
11/26/2007
$26.71
300
Valence
11/26/2007
$26.72
1000
Valence
11/26/2007
$26.73
400
Valence
11/26/2007
$26.75
1900
Valence
11/26/2007
$26.76
900
Valence
11/26/2007
$26.77
100
Valence
11/26/2007
$26.78
600
Synoptic
11/26/2007
$26.42
100
Synoptic
11/26/2007
$26.44
200
Synoptic
11/26/2007
$26.54
(400)
Synoptic
11/26/2007
$26.60
260
Synoptic
11/26/2007
$26.61
(467)
Synoptic
11/26/2007
$26.71
492
Synoptic
11/26/2007
$26.73
25
Synoptic
11/26/2007
$26.74
580
Synoptic
11/26/2007
$26.76
15
Synoptic
11/26/2007
$26.77
(200)
Valence
11/27/2007
$26.52
100
Valence
11/27/2007
$26.54
400
Valence
11/27/2007
$26.55
100
Valence
11/27/2007
$26.56
700
Valence
11/27/2007
$26.57
100
Valence
11/27/2007
$26.58
200
Valence
11/27/2007
$26.59
400
Valence
11/27/2007
$26.60
300
Valence
11/27/2007
$26.61
100
Valence
11/27/2007
$26.62
400
Valence
11/27/2007
$26.63
300
Valence
11/27/2007
$26.66
300
Valence
11/27/2007
$26.67
700
Valence
11/27/2007
$26.68
500
Valence
11/27/2007
$26.69
600
Valence
11/27/2007
$26.70
100
Valence
11/27/2007
$26.71
400
Valence
11/27/2007
$26.72
200
Valence
11/27/2007
$26.73
200
Valence
11/27/2007
$26.74
400
Valence
11/27/2007
$26.75
100
Valence
11/27/2007
$26.79
700
Valence
11/27/2007
$26.80
600
Valence
11/27/2007
$26.81
300
Valence
11/27/2007
$26.85
100
Valence
11/27/2007
$26.87
300
Valence
11/27/2007
$26.88
200
Valence
11/27/2007
$26.89
1000
Valence
11/27/2007
$26.90
300
Valence
11/27/2007
$26.91
500
Valence
11/27/2007
$26.92
600
Valence
11/27/2007
$26.93
100
Valence
11/27/2007
$26.97
800
Valence
11/27/2007
$26.98
700
Valence
11/27/2007
$26.99
200
Valence
11/27/2007
$27.00
3043
Valence
11/27/2007
$27.01
3500
Valence
11/27/2007
$27.02
2200
Valence
11/27/2007
$27.03
1500
Valence
11/27/2007
$27.04
400
Valence
11/27/2007
$27.05
2500
Valence
11/27/2007
$27.06
900
Synoptic
11/27/2007
$26.65
411
Synoptic
11/27/2007
$26.66
(15)
Synoptic
11/27/2007
$26.76
900
Synoptic
11/27/2007
$26.92
(184)
Synoptic
11/27/2007
$26.96
(51)
Synoptic
11/27/2007
$26.99
400
Synoptic
11/27/2007
$27.00
100
Synoptic
11/27/2007
$27.01
(1800)
Synoptic
11/27/2007
$27.02
(1662)
Synoptic
11/27/2007
$27.03
1200
Synoptic
11/27/2007
$27.06
(20)
Valence
11/28/2007
$27.00
700
Valence
11/28/2007
$27.02
400
Valence
11/28/2007
$27.03
500
Valence
11/28/2007
$27.04
300
Valence
11/28/2007
$27.07
200
Valence
11/28/2007
$27.08
200
Valence
11/28/2007
$27.09
600
Valence
11/28/2007
$27.10
1500
Valence
11/28/2007
$27.11
1200
Valence
11/28/2007
$27.12
2720
Valence
11/28/2007
$27.13
1600
Valence
11/28/2007
$27.14
3900
Valence
11/28/2007
$27.15
9
Valence
11/28/2007
$27.16
2600
Valence
11/28/2007
$27.17
3200
Valence
11/28/2007
$27.18
3961
Valence
11/28/2007
$27.19
2300
Valence
11/28/2007
$27.20
3365
Valence
11/28/2007
$27.21
1500
Valence
11/28/2007
$27.22
5300
Valence
11/28/2007
$27.23
4100
Valence
11/28/2007
$27.24
2500
Valence
11/28/2007
$27.25
1300
Valence
11/28/2007
$27.26
600
Valence
11/28/2007
$27.27
1000
Valence
11/28/2007
$27.28
800
Valence
11/28/2007
$27.29
3800
Valence
11/28/2007
$27.30
300
Valence
11/28/2007
$27.31
700
Valence
11/28/2007
$27.32
4100
Valence
11/28/2007
$27.33
1300
Valence
11/28/2007
$27.36
600
Synoptic
11/28/2007
$27.06
19
Synoptic
11/28/2007
$27.17
79
Synoptic
11/28/2007
$27.28
9
Synoptic
11/28/2007
$27.30
72
Synoptic
 11/28/2007
 $27.34
 1493
Valence
11/29/2007
$27.21
1800
Valence
11/29/2007
$27.25
400
Valence
11/29/2007
$27.26
900
Valence
11/29/2007
$27.27
1200
Valence
11/29/2007
$27.29
300
Valence
11/29/2007
$27.30
600
Valence
11/29/2007
$27.31
656
Valence
11/29/2007
$27.32
900
Valence
11/29/2007
$27.33
300
Valence
11/29/2007
$27.34
5400
Valence
11/29/2007
$27.35
2900
Valence
11/29/2007
$27.39
700
Valence
11/29/2007
$27.43
3
Valence
11/29/2007
$27.44
1600
Valence
11/29/2007
$27.46
1500
Valence
11/29/2007
$27.47
4700
Valence
11/29/2007
$27.48
600
Valence
11/29/2007
$27.49
2800
Valence
11/29/2007
$27.50
500
Valence
11/30/2007
$27.29
1700
Valence
11/30/2007
$27.30
1200
Valence
11/30/2007
$27.31
1998
Valence
11/30/2007
$27.32
4821
Valence
11/30/2007
$27.33
281
Valence
11/30/2007
$27.34
600
Valence
11/30/2007
$27.35
9500
Valence
11/30/2007
$27.36
1050
Valence
11/30/2007
$27.37
532
Valence
11/30/2007
$27.38
23570
Valence
11/30/2007
$27.39
3498
Valence
11/30/2007
$27.40
3850
Valence
11/30/2007
$27.42
500
Valence
12/3/2007
$27.55
935
Valence
12/3/2007
$27.56
2200
Valence
12/3/2007
$27.57
1500
Valence
12/3/2007
$27.58
1200
Valence
12/3/2007
$27.59
1600
Valence
12/3/2007
$27.60
6900
Valence
12/3/2007
$27.61
2408
Valence
12/3/2007
$27.62
2900
Valence
12/3/2007
$27.63
8300
Valence
12/3/2007
$27.64
5600
Valence
12/3/2007
$27.65
3213
Valence
12/3/2007
$27.66
4700
Valence
12/3/2007
$27.67
3100
Valence
12/3/2007
$27.68
2500
Valence
12/3/2007
$27.69
4321
Valence
12/3/2007
$27.70
6400
Valence
12/3/2007
$27.71
5500
Valence
12/3/2007
$27.72
6100
Valence
12/3/2007
$27.73
5800
Valence
12/3/2007
$27.74
2300
Valence
12/3/2007
$27.75
3400
Valence
12/3/2007
$27.76
4100
Valence
12/3/2007
$27.77
3600
Valence
12/3/2007
$27.79
2278
Valence
12/3/2007
$27.80
1200
Valence
12/3/2007
$27.81
800
Valence
12/4/2007
$27.48
100
Valence
12/4/2007
$27.49
500
Valence
12/4/2007
$27.50
9598
Valence
12/4/2007
$27.51
2802
Valence
12/4/2007
$27.52
1300
Valence
12/4/2007
$27.53
1000
Valence
12/4/2007
$27.54
3000
Valence
12/4/2007
$27.55
1923
Valence
12/4/2007
$27.56
3835
Valence
12/4/2007
$27.57
200
Valence
12/4/2007
$27.58
9906
Valence
12/4/2007
$27.59
1314
Valence
12/4/2007
$27.60
2122
Valence
12/5/2007
$27.70
800
Valence
12/5/2007
$27.71
700
Valence
12/5/2007
$27.72
1200
Valence
12/5/2007
$27.73
2000
Valence
12/5/2007
$27.74
1500
Valence
12/5/2007
$27.75
800
Valence
12/5/2007
$27.76
2057
Valence
12/5/2007
$27.77
200
Valence
12/5/2007
$27.78
200
Valence
12/5/2007
$27.80
1000
Valence
12/5/2007
$27.81
200
Valence
12/5/2007
$27.82
400
Valence
12/5/2007
$27.84
100
Valence
12/5/2007
$27.85
200
Valence
12/5/2007
$27.86
1300
Valence
12/5/2007
$27.87
4100
Valence
12/5/2007
$27.87
2500
Valence
12/5/2007
$27.89
1600
Valence
12/5/2007
$27.90
6200
Valence
12/5/2007
$27.91
3900
Valence
12/5/2007
$27.92
2300
Valence
12/5/2007
$27.93
2400
Valence
12/5/2007
$27.94
800
Valence
12/5/2007
$27.95
2000
Valence
12/5/2007
$27.96
1100
Valence
12/5/2007
$27.97
1500
Valence
12/5/2007
$27.98
600
Valence
12/5/2007
$27.99
3700
Valence
12/5/2007
$28.00
2000
Valence
12/6/2007
$27.66
100
Valence
12/6/2007
$27.67
600
Valence
12/6/2007
$27.68
200
Valence
12/6/2007
$27.69
300
Valence
12/6/2007
$27.70
4787
Valence
12/6/2007
$27.71
800
Valence
12/6/2007
$27.72
11169
Valence
12/6/2007
$27.73
2300
Valence
12/6/2007
$27.74
1700
Valence
12/6/2007
$27.75
7146
Valence
12/6/2007
$27.84
300
Valence
12/6/2007
$27.85
500
Valence
12/6/2007
$27.86
300
Valence
12/6/2007
$27.87
1398
Valence
12/6/2007
$27.88
1061
Valence
12/6/2007
$27.89
2914
Valence
12/6/2007
$27.90
9518
Valence
12/6/2007
$27.91
4009
Composite
12/6/2007
$27.67
507
Composite
12/6/2007
$27.68
1093
Composite
12/6/2007
$27.70
200
Composite
12/6/2007
$27.71
2100
Composite
12/6/2007
$27.72
600
Composite
12/6/2007
$27.73
4600
Composite
12/6/2007
$27.74
1600
Composite
12/6/2007
$27.75
4000
Composite
12/6/2007
$27.76
2500
Composite
12/6/2007
$27.77
1000
Composite
12/6/2007
$27.78
1000
Composite
12/6/2007
$27.79
3200
Composite
12/6/2007
$27.80
2600
Composite
12/6/2007
$27.81
1400
Composite
12/6/2007
$27.82
1700
Composite
12/6/2007
$27.83
1000
Composite
12/6/2007
$27.84
1000
Composite
12/6/2007
$27.85
3100
Composite
12/6/2007
$27.86
600
Composite
12/6/2007
$27.87
211
Composite
12/6/2007
$27.88
900
Composite
12/6/2007
$27.89
5589
Composite
12/6/2007
$27.90
3000
Composite
12/6/2007
$27.91
1300
Composite
12/6/2007
$27.92
5200
Valence
12/7/2007
$27.65
1060
Valence
12/7/2007
$27.66
9840
Valence
12/7/2007
$27.67
4200
Valence
12/10/2007
$27.01
200
Valence
12/10/2007
$27.03
2500
Valence
12/10/2007
$27.04
800
Valence
12/10/2007
$27.06
700
Valence
12/10/2007
$27.07
2120
Valence
12/10/2007
$27.08
9800
Valence
12/10/2007
$27.09
5500
Valence
12/10/2007
$27.10
13100
Valence
12/10/2007
$27.11
1458
Valence
12/10/2007
$27.12
1100
Valence
12/10/2007
$27.13
3964
Valence
12/10/2007
$27.14
3200
Valence
12/10/2007
$27.15
2400
Valence
12/10/2007
$27.16
4000
Valence
12/10/2007
$27.17
4300
Valence
12/10/2007
$27.18
5500
Valence
12/10/2007
$27.19
2200
Valence
12/10/2007
$27.21
100
Valence
12/10/2007
$27.22
300
Valence
12/10/2007
$27.23
5400
Valence
12/10/2007
$27.24
1600
Valence
12/10/2007
$27.25
2000
Valence
12/10/2007
$27.28
500
Valence
12/10/2007
$27.32
600
Valence
12/10/2007
$27.33
200
Valence
12/10/2007
$27.37
400
Valence
12/10/2007
$27.38
800
Valence
12/10/2007
$27.39
600
Valence
12/10/2007
$27.40
1300
Composite
12/10/2007
$27.02
200
Composite
12/10/2007
$27.03
300
Composite
12/10/2007
$27.04
200
Composite
12/10/2007
$27.05
867
Composite
12/10/2007
$27.06
4900
Composite
12/10/2007
$27.07
5088
Composite
12/10/2007
$27.08
11900
Composite
12/10/2007
$27.09
1000
Composite
12/10/2007
$27.10
4900
Composite
12/10/2007
$27.11
1700
Composite
12/10/2007
$27.12
6570
Composite
12/10/2007
$27.13
4800
Composite
12/10/2007
$27.14
6220
Composite
12/10/2007
$27.15
2075
Composite
12/10/2007
$27.16
10472
Composite
12/10/2007
$27.17
7200
Composite
12/10/2007
$27.18
6128
Composite
12/10/2007
$27.19
8500
Composite
12/10/2007
$27.20
2671
Composite
12/10/2007
$27.21
1300
Composite
12/10/2007
$27.22
2300
Composite
12/10/2007
$27.23
2292
Composite
12/10/2007
$27.24
5960
Composite
12/10/2007
$27.25
957
Composite
12/10/2007
$27.26
1500
Valence
12/11/2007
$27.28
700
Valence
12/11/2007
$27.32
1500
Valence
12/11/2007
$27.38
400
Valence
12/11/2007
$27.43
600
Valence
12/11/2007
$27.44
200
Valence
12/11/2007
$27.45
793
Valence
12/11/2007
$27.46
1400
Valence
12/11/2007
$27.47
800
Valence
12/11/2007
$27.48
1156
Valence
12/11/2007
$27.49
4800
Valence
12/11/2007
$27.50
4000
Valence
12/11/2007
$27.51
2300
Valence
12/11/2007
$27.54
1900
Valence
12/11/2007
$27.55
1400
Valence
12/11/2007
$27.57
1100
Valence
12/11/2007
$27.58
1400
Valence
12/11/2007
$27.59
1700
Valence
12/11/2007
$27.60
5900
Valence
12/11/2007
$27.61
7108
Valence
12/11/2007
$27.63
700
Valence
12/11/2007
$27.64
3229
Valence
12/11/2007
$27.65
1400
Valence
12/11/2007
$27.66
1183
Valence
12/11/2007
$27.67
500
Valence
12/11/2007
$27.68
2600
Valence
12/11/2007
$27.69
1200
Valence
12/11/2007
$27.70
227
Valence
12/11/2007
$27.71
1200
Valence
12/11/2007
$27.73
1600
Valence
12/11/2007
$27.74
400
Valence
12/11/2007
$27.75
800
Composite
12/11/2007
$27.24
800
Composite
12/11/2007
$27.25
900
Composite
12/11/2007
$27.27
800
Composite
12/11/2007
$27.28
600
Composite
12/11/2007
$27.29
1114
Composite
12/11/2007
$27.30
500
Composite
12/11/2007
$27.31
1300
Composite
12/11/2007
$27.32
2296
Composite
12/11/2007
$27.33
3590
Composite
12/11/2007
$27.34
200
Composite
12/11/2007
$27.38
1168
Composite
12/11/2007
$27.39
32
Composite
12/11/2007
$27.40
100
Composite
12/11/2007
$27.41
300
Composite
12/11/2007
$27.42
1759
Composite
12/11/2007
$27.43
856
Composite
12/11/2007
$27.44
1688
Composite
12/11/2007
$27.45
2956
Composite
12/11/2007
$27.46
2469
Composite
12/11/2007
$27.47
1703
Composite
12/11/2007
$27.48
3488
Composite
12/11/2007
$27.49
13909
Composite
12/11/2007
$27.50
7472
Valence
12/12/2007
$27.07
500
Valence
12/12/2007
$27.08
1600
Valence
12/12/2007
$27.09
1300
Valence
12/12/2007
$27.11
2500
Valence
12/12/2007
$27.12
1612
Valence
12/12/2007
$27.13
3260
Valence
12/12/2007
$27.14
1300
Valence
12/12/2007
$27.15
1000
Valence
12/12/2007
$27.16
100
Valence
12/12/2007
$27.17
600
Valence
12/12/2007
$27.18
1600
Valence
12/12/2007
$27.19
4901
Valence
12/12/2007
$27.20
3927
Valence
12/12/2007
$27.23
3200
Valence
12/12/2007
$27.24
800
Valence
12/12/2007
$27.25
2500
Valence
12/12/2007
$27.30
700
Valence
12/12/2007
$27.31
10538
Valence
12/12/2007
$27.32
6362
Valence
12/12/2007
$27.33
1900
Valence
12/12/2007
$27.34
500
Valence
12/12/2007
$27.63
301
Valence
12/12/2007
$27.64
6600
Valence
12/12/2007
$27.65
18099
DESIM LLC
12/12/2007
$27.13
(100)
DESIM LLC
12/12/2007
$27.14
(100)
DESIM LLC
12/12/2007
$27.15
(200)
Composite
12/12/2007
$26.94
100
Composite
12/12/2007
$26.95
200
Composite
12/12/2007
$26.97
200
Composite
12/12/2007
$26.98
100
Composite
12/12/2007
$26.99
200
Composite
12/12/2007
$27.00
22
Composite
12/12/2007
$27.01
600
Composite
12/12/2007
$27.02
400
Composite
12/12/2007
$27.03
1500
Composite
12/12/2007
$27.04
920
Composite
12/12/2007
$27.05
2700
Composite
12/12/2007
$27.06
1700
Composite
12/12/2007
$27.07
1300
Composite
12/12/2007
$27.08
3100
Composite
12/12/2007
$27.09
2706
Composite
12/12/2007
$27.10
2252
Composite
12/12/2007
$27.11
2553
Composite
12/12/2007
$27.12
3547
Composite
12/12/2007
$27.13
3100
Composite
12/12/2007
$27.14
3700
Composite
12/12/2007
$27.15
2900
Composite
12/12/2007
$27.16
1700
Composite
12/12/2007
$27.17
1600
Composite
12/12/2007
$27.18
700
Composite
12/12/2007
$27.19
1541
Composite
12/12/2007
$27.20
1859
Composite
12/12/2007
$27.21
3200
Composite
12/12/2007
$27.22
1400
Composite
12/12/2007
$27.23
2805
Composite
12/12/2007
$27.24
695
Composite
12/12/2007
$27.25
600
Composite
12/12/2007
$27.26
100
Valence
12/13/2007
$27.05
7200
Composite
12/13/2007
$26.99
460
Composite
12/13/2007
$27.00
705
Composite
12/13/2007
$27.03
650
Composite
12/13/2007
$27.04
500
Composite
12/13/2007
$27.05
2685
Composite
12/13/2007
$27.09
100
Composite
12/13/2007
$27.10
2042
Composite
12/13/2007
$27.12
615
Composite
12/13/2007
$27.13
1500
Composite
12/13/2007
$27.14
1300
Composite
12/13/2007
$27.15
1200
Composite
12/13/2007
$27.16
2200
Composite
12/13/2007
$27.17
1400
Composite
12/13/2007
$27.18
600
Composite
12/13/2007
$27.19
2834
Composite
12/13/2007
$27.20
600
Composite
12/13/2007
$27.21
1400
Composite
12/13/2007
$27.22
4595
Composite
12/13/2007
$27.23
1185
Composite
12/13/2007
$27.24
3173
Composite
12/13/2007
$27.25
11330
Composite
12/13/2007
$27.26
3000
Composite
12/13/2007
$27.27
672
Composite
12/13/2007
$27.28
3354
Composite
12/13/2007
$27.29
500
Composite
12/13/2007
$27.30
1400
Valence
12/14/2007
$26.85
300
Valence
12/14/2007
$26.86
300
Valence
12/14/2007
$26.87
500
Valence
12/14/2007
$26.89
300
Valence
12/14/2007
$26.90
300
Valence
12/14/2007
$26.91
1700
Valence
12/14/2007
$26.92
1400
Valence
12/14/2007
$26.93
600
Valence
12/14/2007
$26.94
200
Valence
12/14/2007
$26.95
300
Valence
12/14/2007
$26.97
800
Valence
12/14/2007
$26.98
213
Valence
12/14/2007
$26.99
400
Valence
12/14/2007
$27.00
200
Valence
12/14/2007
$27.01
1100
Valence
12/14/2007
$27.04
300
Valence
12/14/2007
$27.06
300
Valence
12/14/2007
$27.07
200
Valence
12/14/2007
$27.11
400
Valence
12/14/2007
$27.12
200
Valence
12/14/2007
$27.13
500
Valence
12/14/2007
$27.14
200
Valence
12/14/2007
$27.15
100
Valence
12/14/2007
$27.16
300
Valence
12/14/2007
$27.17
300
Valence
12/14/2007
$27.18
400
Valence
12/14/2007
$27.19
40000
Valence
12/14/2007
$27.27
200
Valence
12/14/2007
$27.28
100
Valence
12/14/2007
$27.33
200
Valence
12/14/2007
$27.35
200
Valence
12/14/2007
$27.36
100
Composite
12/14/2007
$26.90
5000
Composite
12/14/2007
$26.96
300
Composite
12/14/2007
$26.97
1000
Composite
12/14/2007
$26.98
200
Composite
12/14/2007
$26.99
1790
Composite
12/14/2007
$27.00
21710
Composite
12/14/2007
$27.06
200
Composite
12/14/2007
$27.07
1000
Composite
12/14/2007
$27.08
2400
Composite
12/14/2007
$27.09
1100
Composite
12/14/2007
$27.10
5900
Composite
12/14/2007
$27.11
9814
Composite
12/14/2007
$27.12
3296
Composite
12/14/2007
$27.13
20366
Composite
12/14/2007
$27.14
924
Composite
12/14/2007
$27.15
10700
Composite
12/14/2007
$27.16
300
Composite
12/14/2007
$27.17
400
Composite
12/14/2007
$27.18
100
Composite
12/14/2007
$27.19
500
Composite
12/14/2007
$27.20
100
Composite
12/14/2007
$27.21
4346
Composite
12/14/2007
$27.22
1054
Composite
12/14/2007
$27.23
400
Composite
12/14/2007
$27.25
900
Composite
12/14/2007
$27.26
500
Composite
12/14/2007
$27.27
500
Composite
12/14/2007
$27.28
200
Composite
12/14/2007
$27.43
771
Composite
12/14/2007
$27.44
200
Composite
12/14/2007
$27.45
4029
Valence
12/17/2007
$27.08
500
Valence
12/17/2007
$27.09
1110
Valence
12/17/2007
$27.10
3190
Valence
12/17/2007
$27.11
200
Valence
12/17/2007
$27.12
300
Valence
12/17/2007
$27.14
3000
Valence
12/17/2007
$27.15
2733
Valence
12/17/2007
$27.17
1300
Valence
12/17/2007
$27.18
1985
Valence
12/17/2007
$27.19
682
Valence
12/17/2007
$27.20
4000
Valence
12/17/2007
$27.23
1500
Valence
12/17/2007
$27.24
400
Valence
12/17/2007
$27.25
600
Valence
12/17/2007
$27.26
2500
Valence
12/17/2007
$27.27
500
Valence
12/17/2007
$27.29
2000
Valence
12/17/2007
$27.33
500
Valence
12/17/2007
$27.37
500
Valence
12/17/2007
$27.39
500
Valence
12/17/2007
$27.42
500
Valence
12/17/2007
$27.44
500
Valence
12/17/2007
$27.47
3400
Valence
12/17/2007
$27.48
3600
Valence
12/17/2007
$27.53
1000
Valence
12/17/2007
$27.54
2000
Valence
12/17/2007
$27.57
2940
Valence
12/17/2007
$27.58
100
Valence
12/17/2007
$27.59
5560
Valence
12/17/2007
$27.60
10300
Valence
12/17/2007
$27.61
3800
Valence
12/17/2007
$27.62
800
Valence
12/17/2007
$27.64
2500
Valence
12/17/2007
$27.67
1400
Valence
12/17/2007
$27.77
2100
Valence
12/17/2007
$27.78
3300
Valence
12/17/2007
$27.79
3300
Valence
12/17/2007
$27.80
700
Valence
12/17/2007
$27.82
1400
DESIM LLC
12/17/2007
$27.64
(400)
DESIM LLC
12/17/2007
$27.72
(200)
Composite
12/17/2007
$27.16
700
Composite
12/17/2007
$27.18
2729
Composite
12/17/2007
$27.19
2652
Composite
12/17/2007
$27.20
5422
Composite
12/17/2007
$27.21
4200
Composite
12/17/2007
$27.22
1200
Composite
12/17/2007
$27.23
5539
Composite
12/17/2007
$27.24
3305
Composite
12/17/2007
$27.25
1653
Composite
12/17/2007
$27.26
600
Composite
12/17/2007
$27.27
7800
Composite
12/17/2007
$27.28
9200
Composite
12/17/2007
$27.55
5000
Valence
12/18/2007
$26.97
800
Valence
12/18/2007
$27.00
12800
Valence
12/18/2007
$27.01
756
Valence
12/18/2007
$27.02
100
Valence
12/18/2007
$27.03
5400
Valence
12/18/2007
$27.04
300
Valence
12/18/2007
$27.05
4382
Valence
12/18/2007
$27.06
844
Valence
12/18/2007
$27.07
7900
Valence
12/18/2007
$27.08
6400
Valence
12/18/2007
$27.09
5432
Valence
12/18/2007
$27.10
9886
Valence
12/18/2007
$27.14
7687
Valence
12/18/2007
$27.15
87313
Valence
12/18/2007
$27.10
(3262)
Valence
12/18/2007
$27.11
(538)
Valence
12/18/2007
$27.12
(100)
Valence
12/18/2007
$27.14
(3300)
Valence
12/18/2007
$27.18
(100)
Valence
12/19/2007
$26.53
28291
Valence
12/19/2007
$26.54
4100
Valence
12/19/2007
$26.55
5800
Valence
12/19/2007
$26.56
22377
Valence
12/19/2007
$26.57
11081
Valence
12/19/2007
$26.58
29634
Valence
12/19/2007
$26.59
18674
Valence
12/19/2007
$26.60
37222
Valence
12/19/2007
$26.61
7521
Valence
12/19/2007
$26.85
300
Valence
12/19/2007
$26.88
100
Valence
12/19/2007
$26.89
100
Valence
12/19/2007
$26.90
3000
Valence
12/19/2007
$26.93
100
Valence
12/19/2007
$26.94
800
Valence
12/19/2007
$26.95
700
Valence
12/19/2007
$26.97
100
Valence
12/19/2007
$26.98
100
Valence
12/19/2007
$27.01
3500
Valence
12/19/2007
$27.02
1500
DESIM LLC
12/19/2007
$26.82
(200)
DESIM LLC
12/19/2007
$26.84
(100)
DESIM LLC
12/19/2007
$26.85
(200)

 
(d) Other than with respect to Common Shares which Valence has the right to acquire through call options, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares set forth above.
   
 
Clause (e) of Item 5 of Schedule 13D is not applicable.
   
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
   
 
Item 6 of the Schedule 13D is hereby amended and restated in its entirety as follows:
   
 
As of December 19, 2007, Valence maintains an open short position on 21 put option contracts based upon the value of the Common Shares.  In addition to the Common Shares that it beneficially owns without reference to these contracts, Valence has long economic exposure to 2,100 Common Shares through such contracts.  Valence maintains an open short position on 50 call option contracts and therefore has short economic exposure to 5,000 Common Shares through such contracts.  Valence also maintains an open short position of 5,000 Common Shares.  These contracts and arrangements do not give the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the Issuer.  Accordingly, the Reporting Persons disclaim any beneficial ownership in any securities that may be referenced with any person with respect to any securities of the Issuer.
 
Except for the matters described herein, neither the Reporting Persons nor, to the best knowledge of any Reporting Persons, any of the persons listed in Item 2 has any contract, arrangement, understanding or relationship with any person with respect to any securities of the Issuer as of December 19, 2007.
   
Item 7.
Material to be Filed as Exhibits
   
Exhibit 1
Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co., Inc., in favor of the signatories hereto, among others, dated October 24, 2007.
   
Exhibit 2
Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co. II, Inc., in favor of the signatories hereto, among others, dated October 24, 2007.
   

 
 

 

SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete, and correct.

Dated:  December 20, 2007


D. E. SHAW COMPOSITE PORTFOLIOS, L.L.C.
By:
D. E. SHAW & CO., L.L.C., as Managing Member
 
 
By:
 /s/Rochelle Elias
 
Name: Rochelle Elias
 
Title: Managing Director

D. E. SHAW VALENCE PORTFOLIOS, L.L.C.
By:
D. E. SHAW & CO., L.P., as Managing Member
 
 
By:
 /s/Rochelle Elias
 
Name: Rochelle Elias
 
Title: Managing Director

D. E. SHAW SYNOPTIC PORTFOLIOS 2, L.L.C.
By:
D. E. SHAW & CO., L.L.C., as Managing Member
 
 
By:
 /s/Rochelle Elias
 
Name: Rochelle Elias
 
Title: Managing Director

D. E. SHAW & Co., L.L.C.
 
By:
 /s/Rochelle Elias
 
Name: Rochelle Elias
 
Title: Managing Director

D. E. SHAW & Co., L.P.
 
By:
 /s/Rochelle Elias
 
Name: Rochelle Elias
 
Title: Managing Director

DAVID E. SHAW
 
By:
 /s/Rochelle Elias
 
Name: Rochelle Elias
 
Title: Attorney-in-Fact for David E. Shaw