SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
EXCO Resources, Inc.
(Name of Issuer)
Common Stock, Par Value $0.001 per share
(Title and Class of Securities)
269279402
(CUSIP Number)
WL Ross & Co. LLC
1166 Avenue of the Americas
New York, New York 10036
Attention: Michael J. Gibbons
Telephone Number: (212) 826-1100
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November 30, 2010
(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.
* | 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 (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 ).
(Continued on following pages)
CUSIP No. 269279402 | 13D | Page 2 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WL Ross & Co. LLC (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
15,882,301 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
15,882,301 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,882,301 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.5% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
OO |
(1) | WL Ross & Co. LLC is the investment manager of WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”), WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”), WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”), WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”), WLR/GS Master Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) and WLR IV Parallel ESC, L.P. (“Parallel Fund”). Fund IV AIV I holds directly 3,593,182 shares of common stock of the Issuer, Fund IV AIV II holds directly 3,592,277 shares of common stock of the Issuer, Fund IV AIV III holds directly 3,593,059 shares of common stock of the Issuer, Co-Invest Fund AIV holds directly 3,790,331 shares of common stock of the Issuer; WLR/GS Fund AIV holds directly 1,271,269 shares of common stock of the Issuer and Parallel Fund holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC, WLR Select Associates LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WLR Select Associates LLC is the general partner of WLR Select Co-Investment, L.P. (“Co-Invest Fund”) and Co-Invest Fund AIV. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Co-Investment, L.P. (“WLR/GS Fund”) and WLR/GS Fund AIV. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV. |
Accordingly, WL Ross & Co. LLC may be deemed to share voting and dispositive power with (i) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV I; (ii) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV II; (iii) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV III; (iv) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Select Associates LLC over the shares held by Co-Invest Fund AIV; (v) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC over the shares held by WLR/GS Fund AIV and (vi) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.
2
CUSIP No. 269279402 | 13D | Page 3 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR Recovery Fund IV, L.P. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
-0- (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
-0- (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
3
CUSIP No. 269279402 | 13D | Page 4 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR Recovery Fund IV XCO AIV I, L.P. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
3,593,182(1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
3,593,182(1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,593,182(1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
(1) | WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV AIV I. WL Ross & Co. LLC is the investment manager of Fund IV AIV I. |
Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC may be deemed to share voting and dispositive power over the shares held by Fund IV AIV I.
4
CUSIP No. 269279402 | 13D | Page 5 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR Recovery Fund IV XCO AIV II, L.P. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
3,592,277 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
3,592,277 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,592,277 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
(1) | WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV AIV II. WL Ross & Co. LLC is the investment manager of Fund IV AIV II. |
Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC may be deemed to share voting and dispositive power over the shares held by Fund IV AIV II.
5
CUSIP No. 269279402 | 13D | Page 6 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR Recovery Fund IV XCO AIV III, L.P. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
3,593,059 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
3,593,059 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,593,059 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
(1) | WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV AIV III. WL Ross & Co. LLC is the investment manager of Fund IV AIV III. |
Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC may be deemed to share voting and dispositive power over the shares held by Fund IV AIV III.
6
CUSIP No. 269279402 | 13D | Page 7 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR Select Co-Investment, L.P. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
-0- (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
-0- (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
7
CUSIP No. 269279402 | 13D | Page 8 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR Select Co-Investment XCO AIV, L.P. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
3,790,331 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
3,790,331 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,790,331 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
(1) | WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Select Associates LLC. WLR Select Associates LLC is the general partner of Co-Invest Fund AIV. WL Ross & Co. LLC is the investment manager of Co-Invest Fund AIV. |
Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Select Associates LLC may be deemed to share voting and dispositive power over the shares held by Co-Invest Fund AIV.
8
CUSIP No. 269279402 | 13D | Page 9 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR/GS Master Co-Investment, L.P. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
-0- (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
-0- (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
9
CUSIP No. 269279402 | 13D | Page 10 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR/GS Master Co-Investment XCO AIV, L.P. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
1,271,269 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
1,271,269 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,271,269 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
(1) | WLR/GS Master Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Master Co-Investment GP, LLC. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of WLR/GS Fund AIV. |
Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC may be deemed to share voting and dispositive power over the shares held by WLR/GS Fund AIV.
10
CUSIP No. 269279402 | 13D | Page 11 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR IV Parallel ESC, L.P. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
42,183 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
42,183 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,183 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
(1) | WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”), WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”). WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV. |
Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC may be deemed to share voting and dispositive power over the shares held by Parallel Fund.
11
CUSIP No. 269279402 | 13D | Page 12 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Invesco Private Capital, Inc. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
42,183 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
42,183 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,183 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
OO |
(1) | WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”), WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”). WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV. |
Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC may be deemed to share voting and dispositive power over the shares held by Parallel Fund.
12
CUSIP No. 269279402 | 13D | Page 13 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
INVESCO WLR IV Associates LLC (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
42,183 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
42,183 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,183 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
OO |
(1) | WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”), WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”). WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV. |
Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC may be deemed to share voting and dispositive power over the shares held by Parallel Fund.
13
CUSIP No. 269279402 | 13D | Page 14 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR Master Co-Investment GP, LLC (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
1,271,269 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
1,271,269 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,271,269 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
OO |
(1) | WLR/GS Master Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Master Co-Investment GP, LLC. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of WLR/GS Fund AIV. |
Accordingly, WLR Master Co-Investment GP, LLC may be deemed to share voting and dispositive power with WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by WLR/GS Fund AIV.
14
CUSIP No. 269279402 | 13D | Page 15 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR Select Associates LLC (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
3,790,331 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
3,790,331 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,790,331 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
OO |
(1) | WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Select Associates LLC. WLR Select Associates LLC is the general partner of Co-Invest Fund AIV. WL Ross & Co. LLC is the investment manager of Co-Invest Fund AIV. |
Accordingly, WLR Select Associates LLC may be deemed to share voting and dispositive power with WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by Co-Invest Fund AIV.
15
CUSIP No. 269279402 | 13D | Page 16 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WLR Recovery Associates IV LLC (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
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 | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
10,820,701 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
10,820,701 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,820,701 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
OO |
(1) | WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer, WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WL Ross & Co. LLC is the investment manager of Fund IV AIV I, Fund IV AIV II, Fund IV AIV III and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of WLR IV Parallel ESC, L.P. (“Parallel Fund”), which holds directly 42,183 shares of common stock of the Issuer. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV. |
Accordingly, WLR Recovery Associates IV LLC may be deemed to share voting and dispositive power with (i) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by Fund IV AIV I; (ii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by Fund IV AIV II; (iii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by Fund IV AIV III and (iv) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.
16
CUSIP No. 269279402 | 13D | Page 17 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WL Ross Group, L.P. | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
New York | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
15,882,301 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
15,882,301 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,882,301 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.5% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
PN |
(1) | WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer, WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer, WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer, WLR/GS Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer and WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC, WLR Select Associates LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WLR Select Associates LLC is the general partner of Co-Investment, L.P. (“Co-Invest Fund”) and Co-Invest Fund AIV. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Co-Investment, L.P. (“WLR/GS Fund”) and WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV. |
Accordingly, WL Ross Group, L.P. may be deemed to share voting and dispositive power with (i) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV I; (ii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV II; (iii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV III; (iv) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Select Associates LLC over the shares held by Co-Invest Fund AIV; (v) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Master Co-Investment GP, LLC over the shares held by WLR/GS Fund AIV and (vi) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.
17
CUSIP No. 269279402 | 13D | Page 18 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
El Vedado, LLC | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
New York | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
15,882,301 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
15,882,301 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,882,301 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.5% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
OO |
(1) | WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer, WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer, WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer, WLR/GS Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer and WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC, WLR Select Associates LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WLR Select Associates LLC is the general partner of Co-Investment, L.P. (“Co-Invest Fund”) and Co-Invest Fund AIV. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Co-Investment, L.P. (“WLR/GS Fund”) and WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV. |
Accordingly, El Vedado, LLC may be deemed to share voting and dispositive power with (i) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV I; (ii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV II; (iii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV III; (iv) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Select Associates LLC over the shares held by Co-Invest Fund AIV; (v) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC over the shares held by WLR/GS Fund AIV and (vi) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.
18
CUSIP No. 269279402 | 13D | Page 19 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wilbur L. Ross, Jr. (1) | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||||
3 | SEC USE ONLY
| |||||||
4 | SOURCE OF FUNDS
OO | |||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
-0- | ||||||
8 | SHARED VOTING POWER
15,882,301 (1) (See Item 5) | |||||||
9 | SOLE DISPOSITIVE POWER
-0- | |||||||
10 | SHARED DISPOSITIVE POWER
15,882,301 (1) (See Item 5) | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,882,301 (1) (See Item 5) | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ¨ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.5% (See Item 5) | |||||||
14 | TYPE OF REPORTING PERSON
IN |
(1) | WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer, WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer, WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer, WLR/GS Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer and WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC, WLR Select Associates LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WLR Select Associates LLC is the general partner of Co-Investment, L.P. (“Co-Invest Fund”) and Co-Invest Fund AIV. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Co-Investment, L.P. (“WLR/GS Fund”) and WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV. |
Accordingly, Wilbur L. Ross, Jr. may be deemed to share voting and dispositive power with (i) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV I; (ii) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV II; (iii) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV III; (iv) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Select Associates LLC over the shares held by Co-Invest Fund AIV; (v) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC over the shares held by WLR/GS Fund AIV and (vi) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.
19
Item 1. | Security and Issuer. |
This Schedule 13D relates to the common stock, par value $0.001 per share (the “Common Stock”), of EXCO Resources, Inc., a Texas corporation (the “Issuer”). The Issuer’s principal executive offices are located at 12377 Merit Drive, Suite 1700, LB 82, Dallas, TX 75251.
Item 2. | Identity and Background. |
The names of the persons filing this Schedule 13D (collectively, the “Reporting Persons”) are:
• | WL Ross & Co. LLC, the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund (each as defined below). |
• | WLR Recovery Fund IV, L.P. (“Fund IV”). |
• | WLR Recovery Fund IV XCO AIV I, L.P., an alternative investment vehicle for Fund IV (“Fund IV AIV I”). |
• | WLR Recovery Fund IV XCO AIV II, L.P., an alternative investment vehicle for Fund IV (“Fund IV AIV II”). |
• | WLR Recovery Fund IV XCO AIV III, L.P., an alternative investment vehicle for Fund IV (“Fund IV AIV III”). |
• | WLR Select Co-Investment, L.P. (“Co-Invest Fund”). |
• | WLR Select Co-Investment XCO AIV, L.P., an alternative investment vehicle for Co-Invest Fund (“Co-Invest Fund AIV”). |
• | WLR/GS Master Co-Investment L.P. (“WLR/GS Fund”). |
• | WLR/GS Master Co-Investment XCO AIV, L.P., an alternative investment vehicle for WLR/GS Fund (“WLR/GS Fund AIV”). |
• | WLR IV Parallel ESC, L.P. (“Parallel Fund”). |
• | Invesco Private Capital, Inc., the managing member of INVESCO WLR IV Associates LLC. |
• | INVESCO WLR IV Associates LLC, the general partner of Parallel Fund. |
• | WLR Master Co-Investment GP, LLC, the general partner of WLR/GS Fund and WLR/GS Fund AIV. |
• | WLR Select Associates LLC, the general partner of Co-Invest Fund and Co-Invest Fund AIV. |
• | WLR Recovery Associates IV LLC, the general partner of Fund IV, Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. |
• | WL Ross Group, L.P., the managing member of WLR Recovery Associates IV LLC. |
• | El Vedado, LLC, the general partner of WL Ross Group, L.P. |
• | Wilbur L. Ross, Jr., the managing member of El Vedado, LLC. |
The principal business of each of the Reporting Persons other than Wilbur L. Ross, Jr. is investments. The principal occupation of Mr. Ross is investment management. The principal business office for each of the Reporting Persons other than Mr. Ross and El Vedado, LLC is c/o WL Ross Group, L.P., 1166 Avenue of the Americas, New York, New York 10036. The principal business office for Mr. Ross and El Vedado, LLC is 319 Clematis Street, Room 1000 (10th Floor), West Palm Beach, Florida 33401.
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Wilbur L. Ross, Jr. is President and Chief Executive Officer of WL Ross & Co. LLC, manager of El Vedado, LLC and Chairman and President of Invesco Private Capital, Inc. Mr. Ross is a citizen of the United States of America. WL Ross Group, L.P. and El Vedado, LLC are organized under the laws of the State of New York. Co-Invest Fund and WLR/GS Fund are organized under the laws of the Cayman Islands. Each of the other Reporting Persons that is an entity is organized under the laws of the State of Delaware.
Mr. Jim Lockhart is Vice Chairman of WL Ross & Co. LLC. Mr. Michael J. Gibbons is a manager of El Vedado, LLC, Chief Financial Officer of WL Ross & Co. LLC and Chief Financial Officer of Invesco Private Capital, Inc. Mr. David H. Storper is a manager of El Vedado, LLC. Mr. David L. Wax is a manager of El Vedado, LLC. The principal business office for Messrs. Lockhart, Gibbons, Storper and Wax is 1166 Avenue of the Americas, New York, New York 10036. The principal occupation for Messrs. Lockhart, Gibbons, Storper and Wax is investment management. Messrs. Lockhart, Gibbons, Storper and Wax are citizens of the United States of America. In addition to Mr. Wilbur L. Ross Jr., Mr. G. Mark Armour and Mr. David A. Hartley are directors of Invesco Private Capital, Inc. The principal occupation for Mr. Armour is investment management. The principal occupation for Mr. Hartley is finance. The principal business office for Messrs. Armour and Hartley is 1555 Peachtree Street NE, Atlanta, Georgia 30309. Messrs. Armour and Hartley are citizens of the United States of America. Together, Messrs. Lockhart, Gibbons, Storper, Wax, Armour and Hartley are referred to herein as the “Additional Persons”.
None of the Reporting Persons or the Additional Persons, has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is 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. |
The 15,882,301 shares of Common Stock reported herein by the Reporting Persons were acquired for an aggregate purchase price of approximately $286,335,679 (excluding brokerage commissions). The shares of Common Stock that are reported on this Schedule 13D were acquired with cash from the limited partners of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund.
Item 4. | Purpose of Transaction. |
The Reporting Persons have acquired the Issuer’s Common Stock for investment purposes. The Reporting Persons intend to review their investment in the Issuer continually. Depending upon the results of such review and other factors that the Reporting Persons deem relevant to an investment in the Issuer, the Reporting Persons may take or propose to take, alone or in conjunction with others including the Issuer, other actions intended to increase or decrease the Reporting Persons’ investment in the Issuer or the value of their investment in the Issuer, which could include one or more of the transactions or actions referred to in paragraphs (a) through (j) of Item 4 of SEC Schedule 13D.
The Reporting Persons have communicated or presently intend to communicate, directly or through intermediaries, with members of the Issuer’s management concerning matters relating to the business and affairs of the Issuer. Each of the Reporting Persons reserves the right (in each case, subject to any applicable restrictions under law) to at any time or from time to time (i) purchase or otherwise acquire additional shares of Common Stock, or other securities of the Issuer or of subsidiaries of the Issuer, or instruments convertible into or exercisable for any such securities (collectively, “Issuer Securities”), in the open market, in privately negotiated transactions or otherwise, (ii) sell, transfer or otherwise dispose of Issuer Securities in public or private transactions, (iii) cause Issuer Securities to be distributed in kind to its investors, (iv) acquire or write options contracts, or enter into derivatives or hedging transactions, relating to Issuer Securities, and/or (v) engage in or encourage communications with, directly or through intermediaries, the Issuer, members of management and the Board of Directors of the Issuer, other existing or prospective security holders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors to consider exploring (A) extraordinary corporate transactions, such as a merger (including transactions in which affiliates of Reporting Persons may be proposed as acquirers) or sales or acquisitions of assets or businesses, (B) exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements, (C) changes to the Issuer’s capitalization or dividend policy, (D) other changes to the Issuer’s business or structure or (E) one or more of the other actions described in paragraphs (a) through (j) of Item 4 of SEC Schedule 13D.
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Notwithstanding anything contained herein, the Reporting Persons specifically reserve the right to change their intentions with respect to any or all of the matters referred to in this Schedule 13D.
Item 5. | Interest in Securities of the Issuer. |
(a) – (b) As of the close of business on December 9, 2010, the Reporting Persons beneficially own, in the aggregate, a total of 15,882,301 shares of Common Stock, which represent approximately 7.5% of the Issuer’s outstanding Common Stock. Fund IV AIV I holds directly 3,593,182 shares of Common Stock, representing approximately 1.7% of the outstanding shares of Common Stock, Fund IV AIV II holds directly 3,592,277 shares of Common Stock, representing approximately 1.7% of the outstanding shares of Common Stock, Fund IV AIV III holds directly 3,593,059 shares of Common Stock, representing approximately 1.7% of the outstanding shares of Common Stock, Co-Invest Fund AIV holds directly 3,790,331 shares of Common Stock, representing approximately 1.8% of the outstanding shares of Common Stock, WLR/GS Fund AIV holds directly 1,271,269 shares of Common Stock, representing approximately 0.6% of the outstanding shares of Common Stock and Parallel Fund holds directly 42,183 shares of Common Stock, representing approximately 0.02% of the outstanding shares of Common Stock. As of the close of business on December 9, 2010, the number of shares of Common Stock as to which each of the Reporting Persons has or shares voting or dispositive authority is set forth in rows 7 through 10 of each of the inside cover pages to this Schedule 13D relating to each such Reporting Person (which are incorporated by reference into this Item 5 by reference). All percentages set forth in this paragraph are based on 212,309,253 shares of Common Stock outstanding as of October 29, 2010, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the Issuer’s fiscal quarterly period ended September 30, 2010.
Except for Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund AIV, WLR/GS Fund AIV and Parallel Fund, each of the Reporting Persons disclaims beneficial ownership of the securities referred to in this Schedule 13D, and the filing of this Schedule 13D should not be construed as an admission that any of the Reporting Persons is, for the purpose of Schedule 13D or 13G of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this statement. Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund AIV, WLR/GS Fund AIV and Parallel Fund each disclaim beneficial ownership of the shares held directly by the other.
(c) No Reporting Person has effected any transaction in shares of Common Stock during the 60 days preceding the date of this Schedule 13D except as set forth in the attachedSchedule I and as follows. Effective on December 2, 2010, WLR Recovery Associates IV LLC, the general partner of Fund IV, Fund IV AIV I, Fund IV AIV II and Fund IV AIV III, assigned 9,497,559 shares of common stock of the Issuer held by Fund IV (representing all of the shares held by Fund IV) to Fund IV AIV I (3,166,155 shares), Fund IV AIV II (3,165,357 shares) and Fund IV AIV III (3,166,047 shares). Effective on December 7, 2010, WLR Select Associates LLC, the general partner of Co-Invest Fund and Co-Invest Fund AIV, assigned 3,262,098 shares of common stock of the Issuer held by Co-Invest Fund (representing all of the shares held by Co-Invest Fund) to Co-Invest Fund AIV. Effective on December 7, 2010, WLR Master Co-Investment GP, LLC, the general partner of WLR/GS Fund and WLR/GS Fund AIV, assigned 974,828 shares of common stock of the Issuer held by WLR/GS Fund (representing all of the shares held by WLR/GS Fund) to WLR/GS Fund AIV.
(d) Under certain circumstances, partners, members or managed accounts of a Reporting Person, as the case may be, could have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Common Stock owned by such Reporting Person.
(e) Not applicable.
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
The information set forth in each of the inside cover pages to this Schedule 13D relating to each such Reporting Person and in Items 2 and 4 hereof are incorporated by reference herein. A copy of the Joint Filing Agreement among the Reporting Persons is attached as Exhibit 1 hereto.
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Item 7. | Material to be Filed As Exhibits. |
Exhibit 1 | Joint Filing Agreement among WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, WLR Select Associates LLC, WLR Master Co-Investment GP, LLC, Invesco Private Capital, Inc., INVESCO WLR IV Associates LLC, WLR Recovery Fund IV, L.P., WLR Recovery Fund IV XCO AIV I, L.P., WLR Recovery Fund IV XCO AIV II, L.P., WLR Recovery Fund IV XCO AIV III, L.P., WLR Select Co-Investment, L.P., WLR Select Co-Investment XCO AIV, L.P., WLR/GS Master Co-Investment, L.P., WLR/GS Master Co-Investment XCO AIV, L.P. and WLR IV Parallel ESC, L.P. |
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: December 10, 2010
WL ROSS & CO. LLC | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WLR RECOVERY FUND IV, L.P. | ||
By: | WLR Recovery Associates IV LLC, | |
its General Partner | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, | |
its General Partner | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WLR RECOVERY FUND IV XCO AIV I, L.P. | ||
By: | WLR Recovery Associates IV LLC, | |
its General Partner | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, | |
its General Partner | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WLR RECOVERY FUND IV XCO AIV II, L.P. | ||
By: | WLR Recovery Associates IV LLC, | |
its General Partner | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, | |
its General Partner | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member |
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WLR RECOVERY FUND IV XCO AIV III, L.P. | ||
By: | WLR Recovery Associates IV LLC, | |
its General Partner | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, | |
its General Partner | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WLR SELECT CO-INVESTMENT, L.P. | ||
By: | WLR Select Associates LLC | |
its General Partner | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, | |
its General Partner | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WLR SELECT CO-INVESTMENT XCO AIV, L.P. | ||
By: | WLR Select Associates LLC | |
its General Partner | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, | |
its General Partner | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WLR/GS MASTER CO-INVESTMENT, L.P. | ||
By: | WLR Master Co-Investment GP, LLC | |
its General Partner | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, | |
its General Partner | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member |
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WLR/GS MASTER CO-INVESTMENT XCO AIV, L.P. | ||
By: | WLR Master Co-Investment GP, LLC | |
its General Partner | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, | |
its General Partner | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WLR IV PARALLEL ESC, L.P. | ||
By: | INVESCO WLR IV ASSOCIATES LLC | |
its General Partner | ||
By: | INVESCO Private Capital, Inc. | |
its Managing Member | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr. | ||
its Chief Executive Officer | ||
WLR RECOVERY ASSOCIATES IV LLC | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, its General Partner | |
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WLR SELECT ASSOCIATES LLC | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, its General Partner | |
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WLR MASTER CO-INVESTMENT GP, LLC | ||
By: | WL Ross Group, L.P., | |
its Managing Member | ||
By: | El Vedado, LLC, its General Partner |
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By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
INVESCO PRIVATE CAPITAL, INC. | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr. | ||
its Chief Executive Officer | ||
INVESCO WLR IV ASSOCIATES LLC | ||
By: | INVESCO Private Capital, Inc. | |
its Managing Member | ||
By: | /s/ Wilbur L. Ross | |
Wilbur L. Ross | ||
its Chief Executive Officer | ||
WL ROSS GROUP, L.P. | ||
By: | El Vedado, LLC, its General Partner | |
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
EL VEDADO, LLC | ||
By: | /s/ Wilbur L. Ross, Jr. | |
Wilbur L. Ross, Jr., | ||
its Managing Member | ||
WILBUR L. ROSS, JR. | ||
/s/ Wilbur L. Ross, Jr. | ||
Wilbur L. Ross, Jr. |
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Schedule I
Transactions in Shares of Common Stock by Reporting Persons
Reporting Person | Date | Transaction | Number of Shares of Common Stock* | Price Per Share** | ||||||
Fund IV | 10/5/2010 | Purchase | 563,158 | 14.9610 | ||||||
Parallel Fund | 10/5/2010 | Purchase | 2,262 | 14.9610 | ||||||
Fund IV | 11/1/2010 | Purchase | 1,332,000 | 19.3616 | ||||||
Parallel Fund | 11/1/2010 | Purchase | 4,500 | 19.3616 | ||||||
Co-Invest Fund | 11/1/2010 | Purchase | 163,500 | 19.3616 | ||||||
Fund IV | 11/2/2010 | Purchase | 950,827 | 19.1726 | ||||||
Parallel Fund | 11/2/2010 | Purchase | 3,212 | 19.1726 | ||||||
Co-Invest Fund | 11/2/2010 | Purchase | 116,712 | 19.1726 | ||||||
Fund IV | 11/3/2010 | Purchase | 444,000 | 18.8579 | ||||||
Parallel Fund | 11/3/2010 | Purchase | 1,500 | 18.8579 | ||||||
Co-Invest Fund | 11/3/2010 | Purchase | 54,500 | 18.8579 | ||||||
Fund IV | 11/4/2010 | Purchase | 444,000 | 18.9957 | ||||||
Parallel Fund | 11/4/2010 | Purchase | 1,500 | 18.9957 | ||||||
Co-Invest Fund | 11/4/2010 | Purchase | 54,500 | 18.9957 | ||||||
Fund IV | 11/5/2010 | Purchase | 444,000 | 18.4437 | ||||||
Parallel Fund | 11/5/2010 | Purchase | 1,500 | 18.4437 | ||||||
Co-Invest Fund | 11/5/2010 | Purchase | 54,500 | 18.4437 | ||||||
Fund IV | 11/8/2010 | Purchase | 177,600 | 18.5775 | ||||||
Parallel Fund | 11/8/2010 | Purchase | 600 | 18.5775 | ||||||
Co-Invest Fund | 11/8/2010 | Purchase | 21,800 | 18.5775 | ||||||
Fund IV | 11/9/2010 | Purchase | 266,400 | 18.6818 | ||||||
Parallel Fund | 11/9/2010 | Purchase | 900 | 18.6818 | ||||||
Co-Invest Fund | 11/9/2010 | Purchase | 32,700 | 18.6818 | ||||||
Fund IV | 11/10/2010 | Purchase | 88,800 | 18.5392 | ||||||
Parallel Fund | 11/10/2010 | Purchase | 300 | 18.5392 | ||||||
Co-Invest Fund | 11/10/2010 | Purchase | 10,900 | 18.5392 | ||||||
Fund IV | 11/11/2010 | Purchase | 115,440 | 18.7209 | ||||||
Parallel Fund | 11/11/2010 | Purchase | 390 | 18.7209 | ||||||
Co-Invest Fund | 11/11/2010 | Purchase | 14,170 | 18.7209 | ||||||
Fund IV | 11/12/2010 | Purchase | 800,976 | 18.7514 | ||||||
Parallel Fund | 11/12/2010 | Purchase | 2,706 | 18.7514 | ||||||
Co-Invest Fund | 11/12/2010 | Purchase | 98,318 | 18.7514 | ||||||
Fund IV | 11/15/2010 | Purchase | 770,784 | 18.5367 | ||||||
Parallel Fund | 11/15/2010 | Purchase | 2,604 | 18.5367 | ||||||
Co-Invest Fund | 11/15/2010 | Purchase | 94,612 | 18.5367 | ||||||
Fund IV | 11/16/2010 | Purchase | 444,000 | 18.3906 | ||||||
Parallel Fund | 11/16/2010 | Purchase | 1,500 | 18.3906 | ||||||
Co-Invest Fund | 11/16/2010 | Purchase | 54,500 | 18.3906 | ||||||
Fund IV | 11/18/2010 | Purchase | 444,000 | 18.5067 | ||||||
Parallel Fund | 11/18/2010 | Purchase | 1,500 | 18.5067 | ||||||
Co-Invest Fund | 11/18/2010 | Purchase | 54,500 | 18.5067 | ||||||
Fund IV | 11/19/2010 | Purchase | 266,400 | 18.2904 | ||||||
Parallel Fund | 11/19/2010 | Purchase | 900 | 18.2904 | ||||||
Co-Invest Fund | 11/19/2010 | Purchase | 32,700 | 18.2904 | ||||||
Fund IV | 11/19/2010 | Purchase | 88,800 | 18.3332 | ||||||
Parallel Fund | 11/19/2010 | Purchase | 300 | 18.3332 | ||||||
Co-Invest Fund | 11/19/2010 | Purchase | 10,900 | 18.3332 | ||||||
Co-Invest Fund | 11/29/2010 | Purchase | 134,181 | 18.4318 | ||||||
WLR/GS Fund | 11/29/2010 | Purchase | 40,819 | 18.4318 | ||||||
Co-Invest Fund | 11/30/2010 | Purchase | 454,331 | 18.4955 | ||||||
WLR/GS Fund | 11/30/2010 | Purchase | 138,212 | 18.4955 |
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Reporting Person | Date | Transaction | Number of Shares of Common Stock* | Price Per Share** | ||||||
Co-Invest Fund | 12/1/2010 | Purchase | 844,539 | 18.4382 | ||||||
WLR/GS Fund | 12/1/2010 | Purchase | 256,918 | 18.4382 | ||||||
Fund IV AIV I | 12/2/2010 | Purchase | 47,982 | 18.4627 | ||||||
Fund IV AIV II | 12/2/2010 | Purchase | 47,970 | 18.4627 | ||||||
Fund IV AIV III | 12/2/2010 | Purchase | 47,980 | 18.4627 | ||||||
Parallel Fund | 12/2/2010 | Purchase | 961 | 18.4627 | ||||||
Co-Invest Fund | 12/2/2010 | Purchase | 167,248 | 18.4627 | ||||||
WLR/GS Fund | 12/2/2010 | Purchase | 93,859 | 18.4627 | ||||||
Fund IV AIV I | 12/3/2010 | Purchase | 98,682 | 18.4580 | ||||||
Fund IV AIV II | 12/3/2010 | Purchase | 98,657 | 18.4580 | ||||||
Fund IV AIV III | 12/3/2010 | Purchase | 98,678 | 18.4580 | ||||||
Parallel Fund | 12/3/2010 | Purchase | 1,977 | 18.4580 | ||||||
Co-Invest Fund | 12/3/2010 | Purchase | 343,971 | 18.4580 | ||||||
WLR/GS Fund | 12/3/2010 | Purchase | 193,035 | 18.4580 | ||||||
Fund IV AIV I | 12/6/2010 | Purchase | 19,076 | 18.4875 | ||||||
Fund IV AIV II | 12/6/2010 | Purchase | 19,071 | 18.4875 | ||||||
Fund IV AIV III | 12/6/2010 | Purchase | 19,076 | 18.4875 | ||||||
Parallel Fund | 12/6/2010 | Purchase | 382 | 18.4875 | ||||||
Co-Invest Fund | 12/6/2010 | Purchase | 66,492 | 18.4875 | ||||||
WLR/GS Fund | 12/6/2010 | Purchase | 37,315 | 18.4875 | ||||||
Fund IV AIV I | 12/7/2010 | Purchase | 109,742 | 18.4848 | ||||||
Fund IV AIV II | 12/7/2010 | Purchase | 109,715 | 18.4848 | ||||||
Fund IV AIV III | 12/7/2010 | Purchase | 109,739 | 18.4848 | ||||||
Parallel Fund | 12/7/2010 | Purchase | 2,198 | 18.4848 | ||||||
Co-Invest Fund | 12/7/2010 | Purchase | 382,524 | 18.4848 | ||||||
WLR/GS Fund | 12/7/2010 | Purchase | 214,670 | 18.4848 | ||||||
Fund IV AIV I | 12/8/2010 | Purchase | 88,495 | 18.4705 | ||||||
Fund IV AIV II | 12/8/2010 | Purchase | 88,473 | 18.4705 | ||||||
Fund IV AIV III | 12/8/2010 | Purchase | 88,492 | 18.4705 | ||||||
Parallel Fund | 12/8/2010 | Purchase | 1,773 | 18.4705 | ||||||
Co-Invest Fund AIV | 12/8/2010 | Purchase | 308,464 | 18.4705 | ||||||
WLR/GS Fund AIV | 12/8/2010 | Purchase | 173,108 | 18.4705 | ||||||
Fund IV AIV I | 12/9/2010 | Purchase | 63,050 | 18.4900 | ||||||
Fund IV AIV II | 12/9/2010 | Purchase | 63,034 | 18.4900 | ||||||
Fund IV AIV III | 12/9/2010 | Purchase | 63,047 | 18.4900 | ||||||
Parallel Fund | 12/9/2010 | Purchase | 1,263 | 18.4900 | ||||||
Co-Invest Fund AIV | 12/9/2010 | Purchase | 219,769 | 18.4900 | ||||||
WLR/GS Fund AIV | 12/9/2010 | Purchase | 123,333 | 18.4900 |
* | The number of securities reported represents an aggregate number of shares purchased in multiple open market transactions over a range of purchase prices. |
** | The price reported represents the weighted average price (excluding brokerage commissions). Each of the Reporting Persons undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares purchased by such Reporting Person at each separate price within the range. |
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EXHIBIT INDEX
Exhibit | Description | |
Exhibit 1 | Joint Filing Agreement among WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, WLR Select Associates LLC, WLR Master Co-Investment GP, LLC, Invesco Private Capital, Inc., INVESCO WLR IV Associates LLC, WLR Recovery Fund IV, L.P., WLR Recovery Fund IV XCO AIV I, L.P., WLR Recovery Fund IV XCO AIV II, L.P., WLR Recovery Fund IV XCO AIV III, L.P., WLR Select Co-Investment, L.P., WLR Select Co-Investment XCO AIV, L.P., WLR/GS Master Co-Investment, L.P., WLR/GS Master Co-Investment XCO AIV, L.P. and WLR IV Parallel ESC, L.P. |
30