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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. _ )*
CLEVELAND-CLIFFS INC.
(Name of Issuer)
COMMON SHARES (PAR VALUE $0.125 PER SHARE)
(Title of Class of Securities)
185896107
(CUSIP Number)
WILLIAM R. LUCAS, JR.
2100 THIRD AVENUE NORTH, SUITE 600
BIRMINGHAM, ALABAMA 35203
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
JULY 16, 2008
(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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other
parties to whom copies are to be sent.
IMPORTANT NOTE: THE SECURITIES SET FORTH IN THIS REPORT ARE DIRECTLY
BENEFICIALLY OWNED BY HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. AND/OR
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P. (COLLECTIVELY, THE
"FUNDS"). ALL OTHER ENTITIES AND PERSONS ARE INCLUDED WITHIN THIS REPORT DUE TO
THEIR AFFILIATION WITH ONE OR BOTH OF THE FUNDS.
* 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 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).
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CUSIP NO. 185896107 Page 2 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Capital Partners Master Fund I, Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 9,000,000
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
9,000,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,000,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.95%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 185896107 Page 3 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Capital Partners Offshore Manager, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 9,000,000
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
9,000,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,000,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.95%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 185896107 Page 4 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
HMC Investors, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 9,000,000
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
9,000,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,000,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.95%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 185896107 Page 5 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Capital Partners Special Situations Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 7,616,472
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
7,616,472
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,616,472
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.42%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 185896107 Page 6 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Capital Partners Special Situations GP, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 7,616,472
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
7,616,472
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,616,472
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.42%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 185896107 Page 7 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
HMC - New York, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 7,616,472
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
7,616,472
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,616,472
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.42%
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14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 185896107 Page 8 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbert Management Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Alabama
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 7,616,472
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
7,616,472
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,616,472
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.42%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 185896107 Page 9 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Philip Falcone
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 16,616,472
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
16,616,472
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,616,472
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.36%
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14 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 185896107 Page 10 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Raymond J. Harbert
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 16,616,472
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
16,616,472
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,616,472
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.36%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
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CUSIP NO. 185896107 Page 11 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Michael D. Luce
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 16,616,472
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
16,616,472
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,616,472
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.36%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
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CUSIP NO. 185896107 Page 12 of 19
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Item 1. SECURITY AND ISSUER.
This Schedule 13D is being filed by the undersigned with respect to
the Common Shares, $0.125 par value per share (the "Shares"), of
Cleveland-Cliffs Inc., an Ohio corporation (the "Issuer"). The address of the
Issuer is 1100 Superior Avenue, Cleveland, Ohio 44114-2544.
Item 2. IDENTITY AND BACKGROUND.
(a-c, f) This Schedule 13D is being filed by Harbinger Capital
Partners Master Fund I, Ltd. (the "Master Fund"), an investment fund, Harbinger
Capital Partners Offshore Manager, L.L.C. ("Harbinger Manager"), the investment
manager of the Master Fund, HMC Investors, L.L.C., its managing member ("HMC
Investors"), Harbinger Capital Partners Special Situations Fund, L.P. (the
"Special Fund"), an investment fund, Harbinger Capital Partners Special
Situations GP, L.L.C., the general partner of the Special Fund ("HCPSS"), HMC -
New York, Inc., the managing member of HCPSS ("HMCNY"), Harbert Management
Corporation ("HMC"), the parent of HMCNY, Philip Falcone, a shareholder of HMC,
a member of HMC Investors and the portfolio manager of the Master Fund and the
Special Fund, Raymond J. Harbert, a shareholder of HMC and a member of HMC
Investors and Michael D. Luce, a shareholder of HMC and a member of HMC
Investors (each of the Master Fund, Harbinger Manager, HMC Investors, the
Special Fund, HCPSS, HMCNY and HMC and Messrs. Falcone, Harbert and Luce, a
"Reporting Person", and collectively, the "Reporting Persons").
The Master Fund is an exempted company organized under the laws of the
Cayman Islands with its principal business address at c/o International Fund
Services (Ireland) Limited, Third Floor, Bishop's Square, Redmond's Hill,
Dublin 2, Ireland. Each of Harbinger Manager, HMC Investors and HCPSS is a
Delaware limited liability company. The Special Fund is a Delaware limited
partnership. HMC is an Alabama corporation. HMCNY is a New York corporation.
Each of Philip Falcone, Raymond J. Harbert and Michael D. Luce is a United
States citizen. The principal business address for each of the Special Fund,
HCPSS, HMCNY and Philip Falcone is 555 Madison Avenue, 16th Floor, New York,
New York 10022. The principal business address for each of Harbinger Manager,
HMC Investors, HMC, Raymond J. Harbert and Michael D. Luce is 2100 Third Avenue
North, Suite 600, Birmingham, Alabama 35203.
(d) None of Philip Falcone, Raymond J. Harbert or Michael D. Luce has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the Reporting Persons has, during the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding were or are subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, Federal or state securities
laws or finding any violation with respect to such laws.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
As of the date hereof the Master Fund may be deemed to beneficially
own 9,000,000 Shares.
As of the date hereof Harbinger Manager may be deemed to beneficially
own 9,000,000 Shares.
As of the date hereof HMC Investors may be deemed to beneficially own
9,000,000 Shares.
As of the date hereof the Special Fund may be deemed to beneficially
own 7,616,472 Shares.
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CUSIP NO. 185896107 Page 13 of 19
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As of the date hereof HCPSS may be deemed to beneficially own
7,616,472 Shares.
As of the date hereof HMCNY may be deemed to beneficially own
7,616,472 Shares.
As of the date hereof HMC may be deemed to beneficially own 7,616,472
Shares.
As of the date hereof Philip Falcone may be deemed to beneficially own
16,616,472 Shares.
As of the date hereof Raymond J. Harbert may be deemed to beneficially
own 16,616,472 Shares.
As of the date hereof Michael D. Luce may be deemed to beneficially
own 16,616,472 Shares.
No borrowed funds were used to purchase the Shares, other than any
borrowed funds used for working capital purposes in the ordinary course of
business.
Item 4. PURPOSE OF TRANSACTION.
The Reporting Persons initially acquired their Shares because they
believed that the Shares represent an attractive investment. The Reporting
Persons initially reported their investment on a Schedule 13G filed on December
21, 2007 as amended by Amendment No. 1 filed on January 24, 2008 and by
Amendment No. 2 filed on May 27, 2008. Following the announcement on July 16,
2008 that the Issuer's board of directors (the "Board") approved a definitive
merger agreement whereby the Issuer is to acquire all of the outstanding shares
of Alpha Natural Resources, Inc. (the "Proposed Transaction"), the Reporting
Persons determined to file this Schedule 13D to reserve the right to be in
contact with members of the Issuer's management, members of the Board,
shareholders and other relevant parties regarding the Proposed Transaction and
alternatives that the Issuer could employ to maximize shareholder value. Based
on their evaluation of the Proposed Transaction to date, the Reporting Persons
believe that the Proposed Transaction is not in the best interest of
shareholders. As a result, the Reporting Persons may take positions with
respect to potential changes in the operations, management, Board composition,
ownership, capital structure, strategy and future plans of the Issuer as a
means of enhancing shareholder value. Such suggestions or positions may include
one or more plans or proposals that relate to or would result in any of the
actions required to be reported herein.
Except as described in this Item 4 and in Item 6 herein, the Reporting
Persons have no present plans or proposals that relate to or would result in
any of the actions required to be reported herein. However, each Reporting
Person expects to evaluate on an ongoing basis the Issuer's financial condition
and prospects and its interest in, and intentions with respect to, the Issuer.
Accordingly, each Reporting Person reserves the right to change its intentions
and develop plans or proposals at any time, as it deems appropriate. In
particular, each Reporting Person may at any time and from time to time, in
privately negotiated transactions or otherwise, acquire additional securities
of the Issuer, including additional Shares; dispose of all or a portion of the
securities of the Issuer, including the Shares, that the Reporting Persons now
own or may hereafter acquire; and/or enter into derivative transactions with
institutional counterparties with respect to the Issuer's securities. In
addition, the Reporting Persons may engage in discussions with management,
members of the Board, shareholders and other relevant parties concerning the
operations, management, Board composition, ownership, capital structure,
strategy and future plans of the Issuer, including the Proposed Transaction.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
References to percentage ownerships of Shares in this Schedule 13D are
based upon the 90,493,162 Shares stated to be outstanding as of May 1, 2008 by
the Issuer in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
March 31, 2008, as adjusted to reflect the 2-for-1 Share split effective as of
May 1, 2008 as described in the Issuer's Current Report on Form 8-K filed on
April 23, 2008.
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CUSIP NO. 185896107 Page 14 of 19
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(a, b) As of the date hereof, the Master Fund may be deemed to be the
beneficial owner of 9,000,000 Shares, constituting 9.95% of the Shares
outstanding of the Issuer.
The Master Fund has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 9,000,000 Shares;
has sole power to dispose or direct the disposition of 0 Shares; and has shared
power to dispose or direct the disposition of 9,000,000 Shares.
(a, b) As of the date hereof, Harbinger Manager may be deemed to be
the beneficial owner of 9,000,000 Shares, constituting 9.95% of the Shares
outstanding of the Issuer.
Harbinger Manager has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 9,000,000 Shares;
has sole power to dispose or direct the disposition of 0 Shares; and has shared
power to dispose or direct the disposition of 9,000,000 Shares.
Harbinger Manager specifically disclaims beneficial ownership in the
Shares reported herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, HMC Investors may be deemed to be the
beneficial owner of 9,000,000 Shares, constituting 9.95% of the Shares
outstanding of the Issuer.
HMC Investors has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 9,000,000 Shares;
has sole power to dispose or direct the disposition of 0 Shares; and has shared
power to dispose or direct the disposition of 9,000,000 Shares.
HMC Investors specifically disclaims beneficial ownership in the
Shares reported herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, the Special Fund may be deemed to be the
beneficial owner of 7,616,472 Shares, constituting 8.42% of the Shares
outstanding of the Issuer.
The Special Fund has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 7,616,472 Shares;
has sole power to dispose or direct the disposition of 0 Shares; and has shared
power to dispose or direct the disposition of 7,616,472 Shares.
(a, b) As of the date hereof, HCPSS may be deemed to be the beneficial
owner of 7,616,472 Shares, constituting 8.42% of the Shares outstanding of the
Issuer.
HCPSS has the sole power to vote or direct the vote of 0 Shares; has
the shared power to vote or direct the vote of 7,616,472 Shares; has sole power
to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 7,616,472 Shares.
HCPSS specifically disclaims beneficial ownership in the Shares
reported herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, HMCNY may be deemed to be the beneficial
owner of 7,616,472 Shares, constituting 8.42% of the Shares outstanding of the
Issuer.
HMCNY has the sole power to vote or direct the vote of 0 Shares; has
the shared power to vote or direct the vote of 7,616,472 Shares; has sole power
to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 7,616,472 Shares.
HMCNY specifically disclaims beneficial ownership in the Shares
reported herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, HMC may be deemed to be the beneficial
owner of 7,616,472 Shares, constituting 8.42% of the Shares outstanding of the
Issuer.
--------------------------- ---------------------------
CUSIP NO. 185896107 Page 15 of 19
--------------------------- ---------------------------
HMC has the sole power to vote or direct the vote of 0 Shares; has the
shared power to vote or direct the vote of 7,616,472 Shares; has sole power to
dispose or direct the disposition of 0 Shares; and has shared power to dispose
or direct the disposition of 7,616,472 Shares.
HMC specifically disclaims beneficial ownership in the Shares reported
herein except to the extent of its pecuniary interest therein.
(a, b) As of the date hereof, Philip Falcone may be deemed to be the
beneficial owner of 16,616,472 Shares, constituting 18.36% of the Shares
outstanding of the Issuer.
Mr. Falcone has the sole power to vote or direct the vote of 0 Shares;
has the shared power to vote or direct the vote of 16,616,472 Shares; has sole
power to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 16,616,472 Shares.
Mr. Falcone specifically disclaims beneficial ownership in the Shares
reported herein except to the extent of his pecuniary interest therein.
(a, b) As of the date hereof, Raymond J. Harbert may be deemed to be
the beneficial owner of 16,616,472 Shares, constituting 18.36% of the Shares
outstanding of the Issuer.
Mr. Harbert has the sole power to vote or direct the vote of 0 Shares;
has the shared power to vote or direct the vote of 16,616,472 Shares; has sole
power to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 16,616,472 Shares.
Mr. Harbert specifically disclaims beneficial ownership in the Shares
reported herein except to the extent of his pecuniary interest therein.
(a, b) As of the date hereof, Michael D. Luce may be deemed to be the
beneficial owner of 16,616,472 Shares, constituting 18.36% of the Shares
outstanding of the Issuer.
Mr. Luce has the sole power to vote or direct the vote of 0 Shares;
has the shared power to vote or direct the vote of 16,616,472 Shares; has sole
power to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 16,616,472 Shares.
Mr. Luce specifically disclaims beneficial ownership in the Shares
reported herein except to the extent of his pecuniary interest therein.
(c) The trading dates, number of Shares purchased and sold and price
per share for all transactions in the Shares by the Reporting Persons in the
past 60 days are set forth in Exhibit B.
(d) Not applicable.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
On December 5, 2007, the Master Fund entered into five equity swap
transactions with Monecor (London) Limited (t/a TradIndex) ("TradIndex")
effective on December 5, 2007, December 6, 2007, December 7, 2007, December 10,
2007 and January 16, 2008, respectively, under which TradIndex agreed to pay
the Master Fund an amount equal to any increase, and the Master Fund agreed to
pay TradIndex an amount equal to any decrease, in the official market price of
47,401, 141,333, 66,667, 117,361 and 133,333 notional Shares, respectively,
above or below an initial reference price of US$92.07630, US$95.20640,
US$97.19320, US$98.24030 and US$87.40520, respectively, per Share upon
close-out of any transaction. The amount of Shares and their respective
reference prices indicated with respect to the equity swap transactions
described above are not adjusted to reflect the 2-for-1 Share split effective
as of May 1, 2008, as described in the Issuer's Current Report on Form 8-K
filed on April 23, 2008.
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CUSIP NO. 185896107 Page 16 of 19
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All balances will be cash settled, and neither party shall acquire any
ownership interest, voting or similar rights, or dispositive power over any
Share under the equity swap transactions. Each equity swap transaction may be
closed out by the Master Fund at any time.
On July 8, 2008, July 9, 2008, July 9, 2008 and July 11, 2008, the
Master Fund entered into four equity swap transaction with TradIndex effective
on July 8, 2008, July 9, 2008, July 9, 2008 and July 11, 2008, respectively,
under which TradIndex agreed to pay the Master Fund an amount equal to any
increase, and the Master Fund agreed to pay TradIndex an amount equal to any
decrease, in the official market price of 500,000, 1,000, 110,000 and 125,000
notional Shares, respectively, above or below an initial reference price of
US$91.0922, US$106.9531, US$106.9531 and US$109.2794, respectively, per Share
upon close-out of any transaction. All balances will be cash settled, and
neither party shall acquire any ownership interest, voting or similar rights,
or dispositive power over any Share under the equity swap transactions. Each
equity swap transaction may be closed out by the Master Fund at any time.
On July 15, 2008 and July 16, 2008, the Master Fund entered into two
equity swap transaction with Deutsche Bank ("DB") effective on July 15, 2008
and July 16, 2008, respectively, under which DB agreed to pay the Master Fund
an amount equal to any increase, and the Master Fund agreed to pay DB an amount
equal to any decrease, in the official market price of 750,000 and 500,000
notional Shares, respectively, above or below an initial reference price of
US$111.6489 and US$102.4748, respectively, per Share upon close-out of any
transaction. All balances will be cash settled, and neither party shall acquire
any ownership interest, voting or similar rights, or dispositive power over any
Share under the equity swap transactions. Each equity swap transaction may be
closed out by the Master Fund at any time.
On December 5, 2007, the Special Fund entered into five equity swap
transactions with TradIndex effective on December 5, 2007, December 6, 2007,
December 7, 2007, December 10, 2007 and January 16, 2008, respectively, under
which TradIndex agreed to pay the Special Fund an amount equal to any increase,
and the Special Fund agreed to pay TradIndex an amount equal to any decrease,
in the official market price of 23,700, 70,667, 33,333, 58,680 and 66,667
notional Shares, respectively, above or below an initial reference price of
US$92.07630, US$95.20640, US$97.19320, US$98.24030 and US$87.40520,
respectively, per Share upon close-out of any transaction. The amount of Shares
and their respective reference prices indicated with respect to the equity swap
transactions described above are not adjusted to reflect the 2-for-1 Share
split effective as of May 1, 2008, as described in the Issuer's Current Report
on Form 8-K filed on April 23, 2008. All balances will be cash settled, and
neither party shall acquire any ownership interest, voting or similar rights,
or dispositive power over any Shares under the equity swap transactions. Each
equity swap transaction may be closed out by the Special Fund at any time.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A: Joint Filing Agreement
Exhibit B: Transactions in the Common Shares (par value $0.125 per
share) of the Issuer
--------------------------- ---------------------------
CUSIP NO. 185896107 Page 17 of 19
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.
By: Harbinger Capital Partners Offshore
Manager, L.L.C.
By: HMC Investors, L.L.C.,
Managing Member
By: /s/ William R. Lucas, Jr.
---------------------------------------
Name: William R. Lucas, Jr.
Title: Executive Vice President
HARBINGER CAPITAL PARTNERS OFFSHORE MANAGER,
L.L.C.*
By: HMC Investors, L.L.C.,
Managing Member
By: /s/ William R. Lucas, Jr.
---------------------------------------
Name: William R. Lucas, Jr.
Title: Executive Vice President
HMC INVESTORS, L.L.C.*
By: /s/ William R. Lucas, Jr.
---------------------------------------
Name: William R. Lucas, Jr.
Title: Executive Vice President
--------------------------- ---------------------------
CUSIP NO. 185896107 Page 18 of 19
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HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS
FUND, L.P.
By: Harbinger Capital Partners Special
Situations GP, LLC
By: HMC - New York, Inc., Managing Member
By: /s/ William R. Lucas, Jr.
---------------------------------------
Name: William R. Lucas, Jr.
Title: Executive Vice President
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS
GP, LLC*
By: HMC - New York, Inc., Managing Member
By: /s/ William R. Lucas, Jr.
---------------------------------------
Name: William R. Lucas, Jr.
Title: Executive Vice President
HMC - NEW YORK, INC.*
By: /s/ William R. Lucas, Jr.
---------------------------------------
Name: William R. Lucas, Jr.
Title: Executive Vice President
HARBERT MANAGEMENT CORPORATION*
By: /s/ William R. Lucas, Jr.
-------------------------------
Name: William R. Lucas, Jr.
Title: Executive Vice President
--------------------------- ---------------------------
CUSIP NO. 185896107 Page 19 of 19
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/s/ Philip Falcone*
------------------------------------
Philip Falcone
/s/ Raymond J. Harbert*
------------------------------------
Raymond J. Harbert
/s/ Michael D. Luce*
------------------------------------
Michael D. Luce
July 17, 2008
*The Reporting Persons disclaim beneficial ownership in the shares reported
herein except to the extent of their pecuniary interest therein.