Filed pursuant to Rule 424(b)(3)
Registration No. 333-110035
Prospectus Supplement
(To Prospectus Dated February 9, 2004)
$1,200,000,000
HALLIBURTON COMPANY
3-1/8% CONVERTIBLE SENIOR NOTES DUE JULY 15, 2023
AND
COMMON STOCK ISSUABLE UPON CONVERSION OF THE NOTES
----------
This document supplements the prospectus dated February 9, 2004,
relating to $1,200,000,000 aggregate principal amount of our 3-1/8% Convertible
Senior Notes due July 15, 2023 and the shares of common stock issuable upon
conversion of the notes. The information in this prospectus supplement replaces
and supersedes the information set forth under the heading "Selling
Securityholders" in the prospectus dated February 9, 2004 and in all prior
prospectus supplements to that prospectus.
Our common stock is listed on the New York Stock Exchange and the Swiss
Exchange under the symbol "HAL." On May 21, 2004, the closing price for our
common stock on the New York Stock Exchange was $28.46 per share.
INVESTING IN THE NOTES AND THE COMMON STOCK ISSUABLE UPON THEIR
CONVERSION INVOLVES RISKS. SEE "RISK FACTORS" BEGINNING ON PAGE 12 OF THE
PROSPECTUS.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED WHETHER
THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
The date of this prospectus supplement is May 24, 2004.
SELLING SECURITYHOLDERS
We originally issued the notes in a private placement. The notes were
resold by the initial purchasers to qualified institutional buyers within the
meaning of Rule 144A under the Securities Act in transactions exempt from
registration under the Securities Act. The notes that may be offered under the
prospectus will be offered by the selling securityholders, which includes their
transferees, pledgees or donees or their successors. The following table sets
forth certain information concerning the principal amount at maturity of notes
beneficially owned by each selling securityholder that may be offered from time
to time pursuant to the prospectus, as supplemented.
The table below has been prepared based solely upon the information
furnished to us by the selling securityholders named therein. Information
concerning the selling securityholders may change from time to time and, if
necessary, we will supplement the prospectus accordingly.
The selling securityholders listed below may offer and sell, transfer
or otherwise dispose, from time to time, some or all of their notes. No offer or
sale, transfer or other disposition under this prospectus may be made by a
holder of the notes unless that holder is listed in the table below or until
that holder has notified us and a supplement to this prospectus has been filed
or an amendment to the related registration statement has become effective.
However, a selling securityholder may offer and sell, transfer or otherwise
dispose of some or all of its notes in transactions exempt from the registration
requirements of the Securities Act without notifying us. As a result, the same
restricted notes may be included in the table below as being held by more than
one holder, and the total amount of the notes listed in the column titled
"Principal Amount at Maturity of Notes Beneficially Owned That May be Sold" may
represent an amount of notes in excess of the $1,200,000,000 we issued. However,
the total principal amount at maturity of notes that may be sold hereunder will
not exceed the $1,200,000,000 we issued. Further, we cannot give an estimate as
to the amount of the notes that will be held by the selling securityholders upon
the termination of this offering because the selling securityholders may offer
some or all of their notes pursuant to the offering contemplated by the
prospectus or otherwise in transactions exempt from the registration
requirements of the Securities Act. See "Plan of Distribution."
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
1976 Distribution Trust FBO A.R
Lauder/Zinterhofer .................. $ 9,000 * 239 *
2000 Revocable Trust FBO A.R
Lauder/Zinterhofer .................. $ 9,000 * 239 *
ADI Alternative Investments .............. $ 2,500,000 * 66,395 *
ADI Alternative Investments .............. $ 1,000,000 * 26,558 *
Advisory Convertible Arbitrage Fund (I)
L.P ................................. $ 1,000,000 * 26,558 *
Aftra Health Fund ........................ $ 200,000 * 5,311 *
Akela Capital Master Fund, Ltd. .......... $10,000,000 * 265,583 *
Alcon Laboratories ....................... $ 465,000 * 12,349 *
2
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
Allentown City Firefighters Pension Plan . $ 14,000 * 371 *
Allentown City Officers & Employees
Pension Fund ........................ $ 20,000 * 531 *
Allentown City Police Pension Plan ....... $ 280,000 * 7,436 *
Allstate Insurance Company (3) ........... $ 2,000,000 * 53,116 *
Allstate Life Insurance Company (4) ...... $ 7,500,000 * 199,187 *
Amaranth L.L.C ........................... $22,000,000 1.83% 584,282 *
American AAdvantage Funds ................ $ 210,000 * 5,577 *
American Booksellers ..................... $ 25,000 * 663 *
American Investors Life Insurance Co. .... $ 300,000 * 7,967 *
Amerisures Mutual Insurance Company ...... $ 550,000 * 14,607 *
AmerUs Life Insurance Co. ................ $ 1,000,000 * 26,558 *
Arapahoe County Colorado ................. $ 58,000 * 1,540 *
Arbitex Master Fund, L.P. ................ $32,000,000 2.67% 849,865 *
Argent Classic Convertible Arbitrage
(Bermuda) Fund Ltd. ................. $11,300,000 * 300,108 *
Argent Classic Convertible Arbitrage Fund
II, L.P. ............................ $ 900,000 * 23,902 *
Argent Classic Convertible Arbitrage Fund
LP .................................. $ 3,700,000 * 98,265 *
Argent LowLev Convertible Arbitrage Fund
II, LLC ............................. $ 466,000 * 12,376 *
Argent LowLev Convertible Arbitrage Fund
LLC ................................. $ 3,500,000 * 92,954 *
Argent LowLev Convertible Arbitrage Fund
Ltd ................................. $15,300,000 1.28% 406,341 *
Arlington County Employees Retirement
System .............................. $ 803,000 * 21,326 *
Astante Health Systems ................... $ 121,000 * 3,213 *
Aventis Pension Master Trust ............. $ 140,000 * 3,718 *
Banc of America Securities LLC ........... $10,200,000 * 270,894 *
Bankers Life Insurance Company of New York $ 100,000 * 2,655 *
BBT Fund, L.P. ........................... $ 2,800,000 * 74,363 *
Bear, Stearns & Co. Inc. ................. $ 8,500,000 * 225,745 *
Black Diamond Offshore Convertible LDC ... $ 3,265,000 * 86,712 *
Black Diamond Offshore Ltd. .............. $ 1,823,000 * 48,415 *
Boilmaker -- Blacksmith Pension Trust .... $ 750,000 * 19,918 *
Bond High Income Fund .................... $10,700,000 * 284,173 *
3
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
British Virgin Islands Social Security
Board ............................... $ 105,000 * 2,788 *
CALAMOS Convertible Portfolio -- CALAMOS
Investment Trust .................... $ 6,300,000 * 167,317 *
California State Auto Association ........ $ 120,000 * 3,187 *
California State Auto Association
Inter-Insurance ..................... $ 735,000 * 19,520 *
California State Auto Association
Retirement Pension Plan ............. $ 125,000 * 3,319 *
CEMEX Pension Plan ....................... $ 70,000 * 1,859 *
CGNU Life Fund ........................... $ 1,600,000 * 42,493 *
Charitable Convertible Securities Fund ... $ 1,025,000 * 27,222 *
Charitable Income Fund ................... $ 425,000 * 11,287 *
Cheyne Fund LP. .......................... $13,963,000 1.16% 370,833 *
Cheyne Leveraged Fund LP. ................ $ 9,885,000 * 262,528 *
CIP Limited Duration Company ............. $ 1,550,000 * 41,165 *
Citigroup Global Markets ................. $ 1,973,000 * 52,399 *
City and County of San Francisco
Retirement System ................... $ 1,776,000 * 47,167 *
City of Knoxville Pension System ......... $ 160,000 * 4,249 *
City of New Orleans ...................... $ 245,000 * 6,506 *
City of Shreveport Employees Retirement
System .............................. $ 270,000 * 7,170 *
City of Southfield Fire & Police
Retirement .......................... $ 210,000 * 5,577 *
City University of New York .............. $ 181,000 * 4,807 *
Class C Trading Company, Ltd. ............ $ 2,700,000 * 71,707 *
Cleveland News Public Local 473 .......... $ 20,000 * 531 *
Clinton Multistrategy Master Fund, Ltd. .. $15,195,000 1.27% 403,553 *
Clinton Riverside Convertible Portfolio
Limited ............................. $19,045,000 1.59% 505,802 *
CNH CA Master Account, L.P. .............. $ 3,000,000 * 79,674 *
CODA Capital Management, LLC ............. $ 410,000 * 10,888 *
Commercial Union Life Fund ............... $ 2,000,000 * 53,116 *
Commonwealth Professional Assurance Co. .. $ 510,000 * 13,544 *
CompSource Oklahoma ...................... $ 885,000 * 23,504 *
Concentrated Alpha Partners, L.P. ........ $ 700,000 * 18,590 *
4
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
Convertible Securities Fund .............. $ 75,000 * 1,991 *
Corporate High Yield Fund, Inc. .......... $ 2,100,000 * 55,772 *
Corporate High Yield III Fund, Inc. ...... $ 2,300,000 * 61,084 *
Corporate High Yield V Fund, Inc. ........ $ 3,800,000 * 100,921 *
Corporate High Yield VI Fund, Inc. ....... $ 3,800,000 * 100,921 *
CQS Convertible & Quantitative Strategies
Master Fund Limited ................. $ 9,000,000 * 239,024 *
Credit Lyonnais Securities (USA) Inc. .... $ 5,000,000 * 132,791 *
Credit Suisse First Boston Europe Limited $35,200,000 2.93% 934,852 *
Credit Suisse First Boston LLC ........... $ 3,884,000 * 103,152 *
Custom Investments PCC, Ltd. ............. $ 200,000 * 5,311 *
Davidson Kempner Institutional Partners .. $ 3,825,000 * 101,585 *
Davidson Kempner International Limited ... $ 4,171,000 * 110,774 *
Davidson Kempner Partners ................ $ 2,004,000 * 53,222 *
DBAG London .............................. $25,000,000 2.08% 663,957 *
DB Equity Opportunities Master Portfolio
Ltd ................................. $ 7,000,000 * 185,908 *
Deam Convertible Arbitrage ............... $ 3,000,000 * 79,674 *
Debt Strategies Fund, Inc. ............... $ 7,500,000 * 199,187 *
Delaware Public Employees Retirement
System .............................. $ 1,862,000 * 49,451 *
Delta Airlines Master Trust .............. $ 750,000 * 19,918 *
Delta Pilots Disability and Survivorship
Trust ............................... $ 225,000 * 5,975 *
Deutsche Bank Securities Inc. ............ $ 2,650,000 * 70,379 *
DKR SoundShore Strategic Holding Fund Ltd $ 2,500,000 * 66,395 *
Dodeca Fund, L.P. ........................ $ 1,050,000 * 27,886 *
Dorinco Reinsurance Company .............. $ 420,000 * 11,154 *
Double Black Diamond Offshore LDC ........ $ 9,562,000 * 253,950 *
EB Convertible Securities Fund ........... $ 1,565,000 * 41,563 *
FrontPoint Convertible Arbitrage Fund, L.P $ 4,000,000 * 106,233 *
Gaia Offshore Master Fund Ltd. ........... $ 7,700,000 * 204,498 *
GenCorp Foundation ....................... $ 75,000 * 1,991 *
Georgia Municipal ........................ $ 837,000 * 22,229 *
Georgia Municipal Employees Retirement
Trust Foundation .................... $ 840,000 * 22,308 *
5
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
GLG Global Convertible Fund .............. $ 8,000,000 * 212,466 *
GLG Global Convertible UCITS Fund ........ $ 3,000,000 * 79,674 *
GLG Market Neutral Fund .................. $70,000,000 5.83% 1,859,081 *
Global Bermuda Limited Partnership ....... $20,000,000 1.67% 531,166 *
Goldman, Sachs & Co. (5) ................. $ 1,722,000 * 45,733 *
Grace Convertible Arbitrage Fund, Ltd. ... $ 4,500,000 * 119,512 *
Grady Hospital Foundation ................ $ 159,000 * 4,222 *
Guggenheim Portfolio Co. XV, LLC ......... $ 550,000 * 14,607 *
Health Foundation of Greater Cincinnati .. $ 280,000 * 7,436 *
HFR CA Global Select Master Trust Account $ 300,000 * 7,967 *
HFR CA Select Fund ....................... $ 1,500,000 * 39,837 *
HighBridge International LLC (6) ......... $38,500,000 3.21% 1,022,494 *
IL Annuity and Insurance Co. ............. $12,000,000 1.00% 318,699 *
Income Strategies Fund, Inc. ............. $ 7,500,000 * 199,187 *
Independence Blue Cross .................. $ 502,000 * 13,332 *
Inflective Convertible Opportunity Fund
I, L.P. ............................. $ 50,000 * 1,327 *
Innovest Finanzdienstle .................. $ 1,880,000 * 49,929 *
JMG Capital Partners, LP. ................ $10,000,000 * 265,583 *
JMG Triton Offshore Fund Ltd. ............ $ 8,000,000 * 212,466 *
JP Morgan Securities Inc. ................ $ 4,128,000 * 109,632 *
KBC Convertible Arbitrage Fund ........... $54,785,000 4.57% 1,454,996 *
KBC Convertible Mac28 Fund, Ltd. ......... $12,285,000 1.02% 326,268 *
KBC Convertible Opportunities Fund ....... $29,550,000 2.46% 784,797 *
KBC Financial Products USA Inc. .......... $ 6,330,000 * 168,114 *
KBC MultiStrategy Arbitrage Fund ......... $17,565,000 1.46% 466,496 *
Key Trust Convertible Securities Fund .... $ 315,000 * 8,365 *
Key Trust Fixed Income Fund .............. $ 585,000 * 15,536 *
Knoxville Utilities Board Retirement
System .............................. $ 75,000 * 1,991 *
Lakeshore International Limited .......... $80,000,000 6.67% 2,124,664 *
Laurel Ridge Capital LP. ................. $20,000,000 1.67% 531,166 *
Lehman Brothers Inc. ..................... $33,500,000 2.79% 889,703 *
Lyxor Master Fund ........................ $ 2,600,000 * 69,051 *
Lyxor Master Fund ........................ $ 500,000 * 13,279 *
6
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
Lyxor/Gaia II Fund Ltd. .................. $ 2,400,000 * 63,739 *
Lyxor/Zola Fund Ltd. ..................... $ 2,100,000 * 55,772 *
Macomb County Employees' Retirement System $ 160,000 * 4,249 *
Mainstay Convertible Fund ................ $ 2,875,000 * 76,355 *
Mainstay Strategic Value Convertible Fund $ 155,000 * 4,116 *
Mainstay VP Convertible Fund ............. $ 1,635,000 * 43,422 *
Managed Assets Trust ..................... $ 500,000 * 13,279 *
McMahan Securities Co. L.P. .............. $ 2,840,000 * 75,425 *
Meadow IAM Limited ....................... $ 1,760,000 * 46,742 *
Melody IAM, Ltd. ......................... $ 1,815,000 * 48,203 *
Merrill Lynch Insurance Group ............ $ 402,000 * 10,676 *
Merrill Lynch Pierce Fenner & Smith Inc. . $15,000,000 1.25% 398,374 *
MFS Total Return Fund A Series of Series
Trust V ............................. $ 3,000,000 * 79,674 *
ML Master US High Yield Trust, Inc. ...... $ 3,000,000 * 79,674 *
MLiF Global High Yield Fund .............. $ 600,000 * 15,934 *
MLiF US High Yield Fund, Inc. ............ $ 2,000,000 * 53,116 *
MLQA Convertible Securities Arbitrage LTD $ 5,000,000 * 132,791 *
Morgan Stanley Convertible Securities
Trust ............................... $ 2,500,000 * 66,395 *
Municipal Employees ...................... $ 286,000 * 7,595 *
National Benefit Life Insurance Company
(7) ................................. $ 50,000 * 1,327 *
Nations Convertible Securities Fund ...... $15,925,000 1.33% 422,940 *
New Orleans Firefighters Pension/ Relief
Fund ................................ $ 163,000 * 4,329 *
New York Life Insurance Company (Ordinary
Life Post 1982) ..................... $ 4,730,000 * 125,620 *
New York Life Insurance Company (Ordinary
Life Pre 1982) ...................... $ 2,870,000 * 76,222 *
New York Life Separate Account #7 ........ $ 100,000 * 2,655 *
Nicholas Applegate Capital Management --
Investment Grade Convertible Mutual
Fund ................................ $ 20,000 * 531 *
NMS Services (Cayman) Inc. ............... $20,000,000 1.67% 531,166 *
Nomura Securities Intl Inc. (8) .......... $40,000,000 3.33% 1,062,332 *
Norwich Union Life & Pensions ............ $ 3,000,000 * 79,674 *
7
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
Occidental Petroleum Corporation ......... $ 323,000 * 8,578 *
Ohio Bureau of Workers Compensation ...... $ 217,000 * 5,763 *
Oppenheimer Convertible Securities Fund .. $ 4,000,000 * 106,233 *
Pearl -- CS Alternative Strategy Limited . $ 858,000 * 22,787 *
Pendragon Convertible Fund Limited ....... $ 4,361,000 * 115,820 *
Pendragon Guinevere Fund L.L.C ........... $ 6,139,000 * 163,041 *
Plexus Fund Ltd. ......................... $18,000,000 1.50% 478,049 *
Policeman and Firemen Retirement System
of the City of Detroit .............. $ 675,000 * 17,926 *
Port Authority of Allegheny County
Retirement and Disability Allowance
Plan for the Employees Represented
by Local 85 of the Amalgamated
Transit Union ....................... $ 350,000 * 9,295 *
Potlatch Corporation ..................... $ 940,000 * 24,964 *
Primerica Life Insurance Company (9) ..... $ 492,000 * 13,066 *
Privilege Portfolio SICAV ................ $ 5,900,000 * 156,693 *
Pro-mutual ............................... $ 902,000 * 23,955 *
PRS Convertible Arbitrage Master Fund .... $ 3,250,000 * 86,314 *
Pyramid Equity Strategies Fund ........... $ 1,500,000 * 39,837 *
Quattro Fund Limited ..................... $ 9,350,000 * 248,320 *
Quattro Multi Strategy MasterFund LP. .... $ 1,650,000 * 43,821 *
Radian Asset Assurance, Inc. ............. $ 2,000,000 * 53,116 *
Radian Group Convertible Securities ...... $ 1,200,000 * 31,869 *
Radian Guaranty .......................... $ 4,300,000 * 114,200 *
Ramius Capital Group ..................... $ 1,000,000 * 26,558 *
Ramius Master Fund, LTD .................. $ 4,950,000 * 131,463 *
Ramius Partners II, LP. .................. $ 250,000 * 6,639 *
Ramius, LP. .............................. $ 100,000 * 2,655 *
RCG Baldwin, LP. ......................... $ 500,000 * 13,279 *
RCG Latitude Master Fund, LTD ............ $ 6,450,000 * 171,301 *
RCG Multi Strategy Master Fund, LTD ...... $ 1,400,000 * 37,181 *
8
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
S.A.C. Capital Associates, LLC (10) ...... $20,000,000 1.67% 531,166 *
Sage Capital Management, LLC ............. $ 100,000 * 2,655 *
San Diego County Employee Retirement
Associates .......................... $ 1,650,000 * 43,821 *
SCI Endowment Care Common Trust Fund --
First Union ......................... $ 20,000 * 531 *
SCI Endowment Care Common Trust Fund --
National Fiduciary Services ......... $ 100,000 * 2,655 *
SCI Endowment Care Common Trust Fund --
Suntrust ............................ $ 45,000 * 1,195 *
Siemens Convertible Global Markets ....... $ 2,000,000 * 53,116 *
Silver Convertible Arbitrage Fund, LDC ... $ 1,700,000 * 45,149 *
Silverback Master, LTD ................... $36,500,000 3.04% 969,377 *
South Dakota Retirement System (11) ...... $ 2,000,000 * 53,116 *
Special District of Oregon ............... $ 15,000 * 398 *
Stamford Police Pension Fund ............. $ 70,000 * 1,859 *
State of Georgia ......................... $ 745,000 * 19,785 *
State of Maryland Retirement Agency ...... $ 3,843,000 * 102,063 *
Sunrise Partners Limited Partnership (12) $ 4,500,000 * 119,512 *
Sutton Brook Capital Portfolio LP. ....... $46,000,000 3.83% 1,221,681 *
Swiss Re Financial Products Corporation .. $10,000,000 * 265,583 *
The California Wellness Foundation ....... $ 220,000 * 5,842 *
The Cockrell Foundation .................. $ 75,000 * 1,991 *
The Dow Chemical Company Employees'
Retirement Plan ..................... $ 1,400,000 * 37,181 *
The Fondren Foundation ................... $ 80,000 * 2,124 *
The Grable Foundation .................... $ 97,000 * 2,576 *
The Travelers Insurance Company Separate
Account TLAC ........................ $ 98,000 * 2,602 *
The Travelers Life and Annuity Company
(13) ................................ $ 253,000 * 6,719 *
Thrivent Financial for Lutherans (14) .... $ 5,250,000 * 139,431 *
Topanga XI ............................... $ 2,400,000 * 63,739 *
Travelers Insurance Company - Life (15) .. $ 3,467,000 * 92,077 *
9
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
Travelers Series Trust Convertible Bond
Portfolio ........................... $ 1,000,000 * 26,558 *
Tredia Performance Fund, Ltd. ............ $ 200,000 * 5,311 *
Tribeca Investments LTD .................. $ 5,000,000 * 132,791 *
Triborough Partners International Ltd. ... $ 3,500,000 * 92,954 *
Triborough Partners LLC .................. $ 1,500,000 * 39,837 *
Trustmark Insurance ...................... $ 409,000 * 10,862 *
Tufts Associated Health Plans ............ $ 1,415,000 * 37,579 *
UBS AG London Cut. Prop .................. $40,000,000 3.33% 1,062,332 *
UBS O'Connor LLC f/b/o O'Connor Global
Convertible Arbitrage Master Limited $42,300,000 3.53% 1,123,416 *
UBS Securities LLC ....................... $10,000,000 * 265,583 *
UMASS Memorial Health Care ............... $ 245,000 * 6,506 *
UMASS Memorial Investment Partnership .... $ 270,000 * 7,170 *
Union Carbide Retirement Account ......... $ 650,000 * 17,262 *
United Food and Commercial Workers Local
1262 and Employers Pension Fund ..... $ 330,000 * 8,764 *
United Healthcare Insurance Company ...... $ 1,000,000 * 26,558 *
United Healthcare Insurance Company of CT
- AARP .............................. $ 500,000 * 13,279 *
United Overseas Bank Convertible Bond
(SGD) ............................... $ 400,000 * 10,623 *
United Overseas Bank Convertible Bond
(USD) ............................... $ 170,000 * 4,514 *
Univar USA Inc. Retirement Plan .......... $ 165,000 * 4,382 *
University of Massachusetts .............. $ 205,000 * 5,444 *
Value Line Convertible Fund, Inc. ........ $ 400,000 * 10,623 *
Van Eck Worldwide Absolute Return Fund --
CODA ................................ $ 90,000 * 2,390 *
Victory Convertible Securities Fund ...... $ 1,025,000 * 27,222 *
Wachovia Bank National Association ....... $26,000,000 2.17% 690,515 *
White River Securities L.L.C ............. $ 8,500,000 * 225,745 *
10
PRINCIPAL AMOUNT AT
MATURITY OF NOTES PERCENTAGE OF NUMBER OF SHARES OF PERCENTAGE OF
BENEFICIALLY OWNED NOTES COMMON STOCK THAT COMMON STOCK
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD (1) OUTSTANDING (2)
---- ------------------- ------------- ------------------- ---------------
Wilmington Trust Company as Owner and
Trustee for the Forrestal Funding
Master Trust ........................ $33,500,000 2.79% 889,703 *
Worldwide Transactions Ltd. .............. $ 350,000 * 9,295 *
Xavex Convertible Arbitrage 10 Fund ...... $ 1,100,000 * 29,214 *
Xavex Convertible Arbitrage 2 Fund ....... $ 1,400,000 * 37,181 *
Xavex Convertible Arbitrage 5 Fund ....... $ 800,000 * 21,246 *
Xavex Convertible Arbitrage 8 Fund ....... $ 750,000 * 19,918 *
Zazove Convertible Arbitrage Fund, L.P. .. $ 6,000,000 * 159,349 *
Zazove Hedged Convertible Fund, L.P. ..... $ 4,000,000 * 106,233 *
Zazove Income Fund, L.P. ................. $ 2,350,000 * 62,412 *
Zola Management Fund ..................... $ 400,000 * 10,623 *
Zola Partners, L.P. ...................... $ 1,500,000 * 39,837 *
Zurich Institutional Benchmark Management $ 1,650,000 * 43,821 *
Zurich Institutional Benchmark Master
Fund LTD ............................ $ 1,900,000 * 50,460 *
------------
* Less than 1%.
(1) Assumes conversion of all of the holder's notes at a conversion rate
of 26.5583 shares of common stock per $1,000 principal amount of
notes. This conversion rate is subject to adjustment, however, as
described under "Description of the Notes--Conversion of Notes." As a
result, the number of shares of common stock issuable upon conversion
of the notes may increase or decrease in the future.
(2) Calculated based on Rule 13d-3(d)(1)(i) of the Exchange Act, using
440,141,081 shares of common stock outstanding as of April 30, 2004.
In calculating this amount for each holder, we treated as outstanding
the number of shares of our common stock issuable upon conversion of
all of that holder's notes, but we did not assume conversion of any
other holder's notes.
11
(3) Allstate Corporation is the parent company of Allstate Insurance
Company. Allstate Insurance Company informed us that as of September
5, 2003 it also beneficially owns 148,700 shares of our common stock.
In addition, Allstate New Jersey Insurance Company, an indirect
subsidiary of Allstate Insurance Company, informed us that as of
September 5, 2003 it beneficially owns 8,100 shares of our common
stock. Allstate Retirement Plan and Agents Pension Plan are qualified
ERISA plans maintained for the benefit of certain employees and agents
of Allstate Insurance Company. Allstate Retirement Plan informed us
that as of September 5, 2003 it beneficially owns 47,600 shares of our
common stock, and Agents Pension Plan informed us that as of September
5, 2003 it beneficially owns 15,100 shares of our common stock. BNY
Midwest Trust Company, as Trustee for such plans, holds title to all
plan investments. Allstate has informed us that it disclaims any
interest in securities held in such trusts, although the Investment
Committee for such plans consists of Allstate Insurance Company
officers.
(4) Allstate Life Insurance Company informed us that as of September 5,
2003 it is a wholly owned subsidiary of Allstate Insurance Company.
See also footnote (3) above.
(5) Goldman, Sachs & Co. informed us that as of February 6, 2004 it also
beneficially owns 2,269,131 shares of our common stock and has
outstanding options to purchase 14,090 shares of our common stock.
(6) HighBridge International LLC informed us that as of February 24, 2004
it also beneficially owns $13,500,000 aggregate principal amount of
our medium-term notes due through 2027.
(7) National Benefit Life Insurance Company informed us that as of May 13,
2004 it also beneficially owns $1,600,000 aggregate principal amount
of our 5.5% senior notes due October 2010.
(8) Nomura Securities Intl Inc. informed us that as of July 11, 2003 it
also beneficially owns 551,868 shares of our common stock.
(9) Primerica Life Insurance Company informed us that as of May 13, 2004
it also beneficially owns $4,000,000 aggregate principal amount of our
5.5% senior notes due October 2010.
(10) S.A.C. Capital Associates, LLC informed us that as of March 9, 2004 it
also beneficially owns 310,940 shares of our common stock.
(11) South Dakota Retirement System informed us that as of August 14, 2003
it also beneficially owns 113,000 shares of our common stock.
(12) Sunrise Partners Limited Partnership informed us that as of July 14,
2003 it also beneficially owns 78,300 shares of our common stock.
12
(13) The Travelers Life and Annuity Company informed us that as of May 13,
2004 it also beneficially owns $900,000 aggregate principal amount of
our 5.5% senior notes due October 2010.
(14) Thrivent Financial for Lutherans informed us that as of July 8, 2003
it also beneficially owns 3,650 shares of our common stock.
(15) Travelers Insurance Company - Life informed us that as of May 13, 2004
it also beneficially owns (i) $10,000,000 aggregate principal amount
of our floating rate senior notes due October 2005, (ii) $12,000,000
aggregate principal amount of our 5.5% senior notes due October 2010,
(iii) $10,000,000 aggregate principal amount of our floating rate
senior notes due January 2007, (iv) $2,100,000 aggregate principal
amount of our medium-term notes due February 2007 and (v) $5,000,000
aggregate principal amount of our medium-term notes due August 2006.
13