CUSIP NO. 760981100 SCHEDULE 13D
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Item 1. Security and Issuer
NO MATERIAL CHANGE FROM THE INITIAL SCHEDULE 13D FILED ON APRIL 30, 2008.
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Item 2. Identity and Background
NO MATERIAL CHANGE FROM THE INITIAL SCHEDULE 13D FILED ON APRIL 30, 2008.
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Item 3. Source and Amount of Funds or Other Consideration
The source of funds for the purchases of the 1,939,375 shares of Common Stock
beneficially owned by the Reporting Persons was $8,664,790, representing the
working capital of the Domestic Funds and the Offshore Funds.
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Item 4. Purpose of Transaction
NO MATERIAL CHANGE FROM THE INITIAL SCHEDULE 13D FILED ON APRIL 30, 2008.
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Item 5. Interest in Securities of the Issuer
(a), (b) According to the Issuer's most recent Form 10-K, there were 38,968,596
shares of Common Stock issued and outstanding as of April 4, 2008. Based on such
information, after taking into account the transactions described in Item 5(c)
below, the Reporting Persons report beneficial ownership of the following shares
of Common Stock:
Amount Beneficially Owned:
Vardon Capital, L.L.C. - 1,939,375
Vardon Capital Management, L.L.C. - 1,939,375
Richard W. Shea, Jr. - 1,939,375
Vardon International, Ltd. - 1,939,375
Vardon Focus Fund, L.P. - 1,939,375
Vardon Focus Fund II, L.P. - 1,939,375
Vardon Focus Fund International, Ltd. - 1,939,375
Percent of Class:
Vardon Capital, L.L.C. - 4.98%
Vardon Capital Management, L.L.C. - 4.98%
Richard W. Shea, Jr. - 4.98%
Vardon International, Ltd. - 4.98%
Vardon Focus Fund, L.P. - 4.98%
Vardon Focus Fund II, L.P. - 4.98%
Vardon Focus Fund International, Ltd. - 4.98%
Number of shares as to which such person has:
Sole power to vote or to direct the vote
Vardon Capital, L.L.C. - 0
Vardon Capital Management, L.L.C. - 0
Richard W. Shea, Jr. - 0
Vardon International, Ltd. - 0
Vardon Focus Fund, L.P. - 0
Vardon Focus Fund II, L.P. - 0
Vardon Focus Fund International, Ltd. - 0
Shared power to vote or to direct the vote
Vardon Capital, L.L.C. - 1,939,375
Vardon Capital Management, L.L.C. - 1,939,375
Richard W. Shea, Jr. - 1,939,375
Vardon International, Ltd. - 1,939,375
Vardon Focus Fund, L.P. - 1,939,375
Vardon Focus Fund II, L.P. - 1,939,375
Vardon Focus Fund International, Ltd. - 1,939,375
Sole power to dispose or to direct the disposition of
Vardon Capital, L.L.C. - 0
Vardon Capital Management, L.L.C. - 0
Richard W. Shea, Jr. - 0
Vardon International, Ltd. - 0
Vardon Focus Fund, L.P. - 0
Vardon Focus Fund II, L.P. - 0
Vardon Focus Fund International, Ltd. - 0
Shared power to dispose or to direct the disposition of
Vardon Capital, L.L.C. - 1,939,375
Vardon Capital Management, L.L.C. - 1,939,375
Richard W. Shea, Jr. - 1,939,375
Vardon International, Ltd. - 1,939,375
Vardon Focus Fund, L.P. - 1,939,375
Vardon Focus Fund II, L.P. - 1,939,375
Vardon Focus Fund International, Ltd. - 1,939,375
c) Since the date of the initial Schedule 13D filed by the Reporting Persons,
the Reporting Persons purchased or sold the following shares of Common Stock in
open market transactions:
Entity Trade Date Shares Price/Share Transaction
------ ---------- ------ ----------- -----------
Vardon Focus Fund, LP 04/30/2008 1,028,081 4.35 Sale
Vardon Focus Fund II, LP 04/30/2008 109,077 4.35 Sale
Vardon Focus Fund 04/30/2008 199,201 4.35 Sale
International, Ltd. 05/02/2008 3,702 4.30 Sale
Vardon International, Ltd. 04/30/2008 163,641 4.35 Sale
05/02/2008 6,298 4.30 Sale
In addition, on April 30, 2008 the Reporting Persons sold certain put options
and purchased certain call options of the Common Stock. The details of these
transactions are set forth in Item 6 below.
(d) Not applicable.
(e) The Reporting Persons ceased to beneficially own more than 5% of the Common
Stock as of May 2, 2008.
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Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
EXCEPT AS SPECIFICALLY SET FORTH BELOW, THERE HAS BEEN NO MATERIAL CHANGE FROM
THE INITIAL SCHEDULE 13D FILED ON APRIL 30, 2008.
On April 30, 2008, Vardon Focus Fund, LP sold 10,184 put option contracts
relating to the Common Stock, Vardon Focus Fund II, LP sold 1,084 put option
contracts relating to the Common Stock, Vardon Focus Fund International, Ltd.
sold 1,977 put option contracts relating to the Common Stock and Vardon
International, Ltd. sold 1,755 put option contracts relating to the Common
Stock. The sale price for each put option contract was $3.20. The exercise price
of the put option contracts is $7.50.
On April 30, 2008, Vardon Focus Fund, LP purchased 10,184 call option contracts
relating to the Common Stock, Vardon Focus Fund II, LP purchased 1,084 call
option contracts relating to the Common Stock, Vardon Focus Fund International,
Ltd. purchased 1,977 call option contracts relating to the Common Stock and
Vardon International, Ltd. purchased 1,755 call option contracts relating to the
Common Stock. The purchase price for each call option contract was $0.05. The
exercise price of the call option contracts is $7.50.
As a result of these transactions, the Reporting Persons no longer have any
contracts or arrangements relating to put or call options relating to the Common
Stock.
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Item 7. Material to be Filed as Exhibits
Exhibit A - Joint Filing Undertaking.
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