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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
American Tower Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, $.01 par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
029912201
---------------------------------------------------------------
(CUSIP Number)
SPO Partners & Co.
John H. Scully
591 Redwood Highway, Suite 3215
Mill Valley, California 94941
(415) 383-6600
with a copy to:
Phillip Gordon
Altheimer & Gray
10 South Wacker Drive
Chicago, Illinois 60606
(312) 715-4000
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 30, 2001
---------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of (S)(S)240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [_].
* 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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP NO. 029912201 Page 2 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
SPO Partners II, L.P.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(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(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 5,752,300(1)
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 5,752,300(1)
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,752,300(1)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------------------------------------------------------------------------
(1) Power is exercised through its sole general partner, SPO Advisory Partners,
L.P.
CUSIP NO. 029912201 Page 3 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
SPO Advisory Partners, L.P.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 5,752,300(1)(2)
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 5,752,300(1)(2)
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,752,300(1)(2)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
------------------------------------------------------------------------------
(1) Solely in its capacity as the sole general partner of SPO Partners II,
L.P.
(2) Power is exercised through its corporate general partner, SPO Advisory
Corp.
CUSIP NO. 029912201 Page 4 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
San Francisco Partners II, L.P.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(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(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 942,700(1)
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 942,700(1)
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
942,700(1)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------------------------------------------------------------------------
(1) Power is exercised through its sole general partner, SF Advisory Partners,
L.P.
CUSIP NO. 029912201 Page 5 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
SF Advisory Partners, L.P.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 942,700(1)(2)
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 942,700(1)(2)
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
942,700(1)(2)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
------------------------------------------------------------------------------
(1) Solely in its capacity as the sole general partner of San Francisco
Partners II, L.P.
(2) Power is exercised through its corporate general partner, SPO Advisory
Corp.
CUSIP NO. 029912201 Page 6 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
SPO Advisory Corp.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 6,695,000(1)(2)
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
6,695,000(1)(2)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,695,000(1)(2)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
------------------------------------------------------------------------------
(1) Solely in its capacity as the general partner of SPO Advisory Partners,
L.P. with respect to 5,752,300 of such shares; and solely in its capacity
as the general partner of SF Advisory Partners, L.P. with respect to
942,700 of such shares.
(2) Power is exercised through its three controlling persons, John H. Scully,
William E. Oberndorf and William J. Patterson.
CUSIP NO. 029912201 Page 7 of 33
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1
Cranberry Lake Partners, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS:
4
WC
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 398,700(1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 398,700(1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 398,700(1)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------------------------------------------------------------------------
(1) Power is exercised through its sole general partner, the John and Irene
Scully Trust, dated May 30, 1994, for which John H. Scully and Irene S.
Scully are the trustees.
CUSIP NO. 029912201 Page 8 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
D. L. & W., Inc. Profit Sharing Retirement Plan
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(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(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 256,400(1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 256,400(1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
256,400(1)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
------------------------------------------------------------------------------
(1) Power is exercised through its sole trustee, John H. Scully.
CUSIP NO. 029912201 Page 9 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
Phoebe Snow Foundation, Inc.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(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(e) or 2(f) [_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 906,200(1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 906,200(1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
906,200(1)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
------------------------------------------------------------------------------
(1) Power is exercised through its controlling person and sole director and
executive officer, John H. Scully.
CUSIP NO. 029912201 Page 10 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
John H. Scully
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS:
PF and Not Applicable
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f) [_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 896,200(1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 8,256,300(2)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 896,200(1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,256,300(2)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,152,500(1)(2)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON:
IN
------------------------------------------------------------------------------
(1) 1,300 Shares held in John H. Scully Individual Retirement Account, a
self-directed individual retirement account and 894,900 shares held in the
John and Irene Scully Living Trust.
(2) Of these, 6,695,000 shares are beneficially owned solely in his capacity
as one of three controlling persons of SPO Advisory Corp., 398,700 shares
are beneficially owned solely in his capacity as trustee for the general
partner of Cranberry Lake Partners, L.P., 256,400 shares are beneficially
owned solely in his capacity as controlling person of D. L. & W., Inc.
Profit Sharing Retirement Plan, 906,200 shares are beneficially owned
solely in his capacity as controlling person of Phoebe Snow Foundation,
Inc.
CUSIP NO. 029912201 Page 11 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
William E. Oberndorf
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS:
PF and Not Applicable
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f):
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 310,000(1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 7,145,000(2)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 310,000(1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
7,145,000(2)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,455,000(1)(2)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
(1) 130,000 shares held in William E. Oberndorf's Individual Retirement
Accounts, which are self-directed, 150,000 shares are beneficially owned
solely in his capacity as sole general partner of Oberndorf Family
Partners, a family partnership and 30,000 shares are owned by his
children who share his household.
(2) Of these, 6,695,000 shares are beneficially owned solely in his capacity
as one of three controlling persons of SPO Advisory Corp., and 450,000
shares are held in a trust for the benefit of himself and his wife, Susan
C. Oberndorf, for which he serves as trustee.
CUSIP NO. 029912201 Page 12 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
William J. Patterson
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 6,695,000(1)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
6,695,000(1)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,695,000 (1)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
(1) These 6,695,000 shares are beneficially owned solely in his capacity as
one of three controlling persons of SPO Advisory Corp.
CUSIP NO. 029912201 Page 13 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
David M. Kashen
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 3,500
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 3,500
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,500
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
(less than) 0.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
CUSIP NO. 029912201 Page 14 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
Jane Y. Liou
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f) [_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 2,750
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 2,750
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,750
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
(less than) 0.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
CUSIP NO. 029912201 Page 15 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
Edward H. McDermott
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f) [_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 4,900
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 4,900
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,900
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
(less than) 0.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
CUSIP NO. 029912201 Page 16 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
Kurt C. Mobley
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 16,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 16,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,000
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
(less than) 0.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
CUSIP NO. 029912201 Page 17 of 33
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
Michael B. Yuen
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) or 2(f)
[_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 3,700
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 3,700
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,700
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
(less than) 0.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
Item 1. Security and Issuer.
-------------------
This statement relates to the shares of Class A common stock, par
value $.01 per share (the "Shares") of American Tower Corporation, a Delaware
corporation (the "Issuer"). The principal executive offices of the Issuer are
located at 116 Huntington Avenue, Boston, Massachusetts 02116.
Item 2. Identity and Background.
-----------------------
(a) Pursuant to Rules 13d-1(f)(1)-(2) of Regulation 13D-G of the
General Rules and Regulations under the Securities Exchange Act of 1934, as
amended (the "Act"), the undersigned hereby file this Schedule 13D Statement on
behalf of SPO Partners II, L.P., a Delaware limited partnership ("SPO"), SPO
Advisory Partners, L.P., a Delaware limited partnership ("SPO Advisory
Partners"), San Francisco Partners II, L.P., a California limited partnership
("SFP"), SF Advisory Partners, L.P., a Delaware limited partnership ("SF
Advisory Partners"), SPO Advisory Corp., a Delaware corporation ("SPO Advisory
Corp."), Cranberry Lake Partners, L.P., a California limited partnership
("CLP"), D. L. & W., Inc. Profit Sharing Retirement Plan, a California
corporation ("DLW"), Phoebe Snow Foundation, Inc., a California corporation ("PS
Foundation"), John H. Scully ("JHS"), William E. Oberndorf ("WEO"), William J.
Patterson ("WJP"), David M. Kashen ("DMK"), Jane Y. Liou ("JYL"), Edward H.
McDermott ("EHM"), Kurt C. Mobley ("KCM"), and Michael B. Yuen ("MBY"). SPO, SPO
Advisory Partners, SFP, SF Advisory Partners, SPO Advisory Corp., CLP, DLW, PS
Foundation, JHS, WEO, WJP, DMK, JYL, EHM, KCM and MBY are sometimes hereinafter
referred to as the "Reporting Persons." The Reporting Persons are making this
single, joint filing because they may be deemed to constitute a "group" within
the meaning of Section 13(d)(3) of the Act, although neither the fact of this
filing nor anything contained herein shall be deemed to be an admission by the
Reporting Persons that a group exists.
(b)-(c)
SPO
---
SPO is a Delaware limited partnership, the principal business of which
is the purchase, sale, exchange, acquisition and holding of investment
securities. The principal business address of SPO, which also serves as its
principal office, is 591 Redwood Highway, Suite 3215, Mill Valley, California
94941. Pursuant to Instruction C to Schedule 13D of the Act, certain information
with respect to SPO Advisory Partners, the sole general partner of SPO, is set
forth below.
SPO Advisory Partners
---------------------
SPO Advisory Partners is a Delaware limited partnership, the principal
business of which is serving as the sole general partner of SPO. The principal
business address of SPO Advisory Partners, which also serves as its principal
office, is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941.
Pursuant to Instruction C to Schedule 13D of the Act, certain information with
respect to SPO Advisory Corp., the general partner of SPO Advisory Partners, is
set forth below.
SFP
---
SFP is a California limited partnership, the principal business of
which is the purchase, sale, exchange, acquisition and holding of investment
securities. The principal business address of SFP, which also serves as its
principal office, is 591 Redwood Highway, Suite 3215, Mill Valley, California
94941. Pursuant to Instruction C to Schedule 13D of the Act, certain information
with respect to SF Advisory Partners, the sole general partner of SFP, is set
forth below.
SF Advisory Partners
--------------------
SF Advisory Partners is a Delaware limited partnership, the principal
business of which is serving as the sole general partner of SFP. The principal
business address of SF Advisory Partners, which also serves as its principal
office, is 591 Redwood Highway, Suite 3215, Mill Valley, California 94941.
Pursuant to Instruction C to Schedule 13D of the Act, certain information with
respect to SPO Advisory Corp., the general partner of SF Advisory Partners, is
set forth below.
SPO Advisory Corp.
-----------------
SPO Advisory Corp. is a Delaware corporation, the principal business
of which is serving as the general partner of each of SPO Advisory Partners and
SF Advisory Partners. The principal address of SPO Advisory Corp., which also
serves as its principal office, is 591 Redwood Highway, Suite 3215, Mill Valley,
California 94941. Pursuant to Instruction C to Schedule 13D of the Act, certain
information with respect to JHS, WEO and WJP, the three controlling persons of
SPO Advisory Corp., is set forth below.
CLP
---
CLP is a California limited partnership, the principal business of
which is the purchase, sale, exchange, acquisition and holding of investment
securities. The principal business address of CLP, which also serves as its
principal office, is 591 Redwood Highway, Suite 3215, Mill Valley, California
94941. Pursuant to Instruction C to Schedule 13D of the Act, certain information
with respect to JHS, trustee for the sole general partner of CLP, is set forth
below.
DLW
---
DLW is a California corporation, the principal purpose of which is to
be a profit-sharing plan. The principal business address of DLW, which also
serves as its principal office, is 591 Redwood Highway, Suite 3215, Mill Valley,
California 94941. Pursuant to Instruction C to Schedule 13D of the Act, certain
information with respect to JHS, controlling person of DLW, is set forth below.
PS Foundation
-------------
PS Foundation is a California corporation, whose principal purpose is
to be a private, grant-making charitable entity. The principal business address
of PS Foundation, which also serves as its principal office, is 591 Redwood
Highway, Suite 3215, Mill Valley, California 94941. Pursuant to Instruction C to
Schedule 13D of the Act, certain information with respect to JHS, sole director
and controlling person of PS Foundation, is set forth below.
JHS
---
JHS' business address is 591 Redwood Highway, Suite 3215, Mill Valley,
California 94941. His present principal occupation is serving as a managing
director of SPO Partners & Co., a Delaware corporation. The principal business
of SPO Partners & Co. is operating as an investment firm. The principal address
of SPO Partners & Co., which also serves as its principal office, is 591 Redwood
Highway, Suite 3215, Mill Valley, California 94941. JHS is one of three
controlling persons of SPO Advisory Corp., the corporate general partner of each
of SPO Advisory Partners and SF Advisory Partners. JHS is also the sole director
and controlling person of PS Foundation, the controlling person of DLW, and
trustee for the sole general partner of CLP.
WEO
---
WEO's business address is 591 Redwood Highway, Suite 3215, Mill
Valley, California 94941. His present principal occupation is serving as a
managing director of SPO Partners & Co. WEO is one of three controlling persons
of SPO Advisory Corp., the corporate general partner of SPO Advisory Partners
and SF Advisory Partners.
WJP
---
WJP's business address is 591 Redwood Highway, Suite 3215, Mill
Valley, California 94941. His present principal occupation is serving as a
managing director of SPO Partners & Co. WJP is one of three controlling persons
of SPO Advisory Corp., the corporate general partner of SPO Advisory Partners
and SF Advisory Partners.
DMK
---
DMK's business address is 591 Redwood Highway, Suite 3215, Mill
Valley, California 94941. His present principal occupation is as an associate
for SPO Partners & Co.
JYL
---
JYL's business address is 591 Redwood Highway, Suite 3215, Mill
Valley, California 94941. Her present principal occupation is as an associate
for SPO Partners & Co.
EHM
---
EHM's business address is 591 Redwood Highway, Suite 3215, Mill
Valley, California 94941. His present principal occupation is as a partner for
SPO Partners & Co.
KCM
---
KCM's business address is 591 Redwood Highway, Suite 3215, Mill
Valley, California 94941. His present principal occupation is as a partner for
SPO Partners & Co.
MBY
---
MBY's business address is 591 Redwood Highway, Suite 3215, Mill
Valley, California 94941. His present principal occupation is as a partner for
SPO Partners & Co.
(d) None of the entities or persons identified in this Item 2 has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the entities or persons identified in this Item 2 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
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.
(f) All of the natural persons identified in this Item 2 are citizens
of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
The source and amount of the funds used or to be used by the Reporting
Persons to purchase Shares are as follows:
Name Source of Funds Amount of Funds
---- --------------- ---------------
SPO Working Capital (1) $ 42,985,915.49
SPO Advisory Partners Not Applicable Not Applicable
SFP Working Capital (1) $ 6,297,543.64
SPO Advisory Partners Not Applicable Not Applicable
SPO Advisory Corp. Not Applicable Not Applicable
CLP Working Capital (1) $ 2,802,345.09
DLW Working Capital (1) $ 1,512,954.52
PS Foundation Working Capital (1) $ 7,138,426.47
JHS Personal Funds (2) $ 6,060,920.44
WEO Personal Funds (2) $ 4,023,375.00
WJP Not Applicable Not Applicable
DMK Personal Funds (2) $ 19,516.75
JYL Personal Funds (2) $ 21,733.00
EHM Personal Funds (2) $ 26,989.90
KCM Personal Funds (2) $ 89,620.10
MBY Personal Funds (2) $ 14,911.00
-----------
(1) As used herein, the term "Working Capital" includes income from
the business operations of the entity plus sums borrowed from banks and
brokerage firm margin accounts to operate such business in general. None of the
funds reported herein as "Working Capital" were borrowed or otherwise obtained
for the specific purpose of acquiring, handling, trading or voting the Shares.
(2) As used herein, the term "Personal Funds" includes sums borrowed
from banks and brokerage firm margin accounts, none of which were borrowed or
otherwise obtained for the specific purpose of acquiring, handling, trading or
voting the Shares.
Item 4. Purpose of Transaction
----------------------
The Reporting Persons have acquired the Shares reported herein for
investment purposes. Consistent with such purpose, the Reporting Persons have
had, and may have in the future, discussions with management of the Issuer and
may make suggestions concerning the Issuer's operations, prospects, business and
financial strategies, assets and liabilities, business and financing
alternatives and such other matters as the Reporting Persons may deem relevant
to their investments in the Shares. Each Reporting Person expects that it will,
from time to time, review its investment position in the Issuer and may,
depending on market and other conditions, increase or decrease its investment
position.
Whether the Reporting Persons purchase any additional Shares or
dispose of any Shares, and the amount and timing of any such transactions, will
depend upon the Reporting Persons' individual continuing assessments of
pertinent factors, including the availability of Shares for purchase at
particular price levels, the Issuer's and the particular Reporting Person's
business and prospects, other business investment opportunities available to the
particular Reporting Person, economic conditions, stock market conditions, money
market conditions, the attitudes and actions of the Board of Directors and
management of the Company, the availability and nature of opportunities to
dispose of the particular Reporting Person's interest in the Issuer and other
plans and requirements of the particular Reporting Person. Depending upon his
individual assessments of these factors from time to time, each Reporting Person
may change his present intentions as stated above, including determining to
acquire additional Shares (by means of open market or privately negotiated
purchases) or to dispose of some or all of the Shares held by him or under his
control.
Except as set forth in this Item 4, the Reporting Persons have no
present plans or proposals that relate to or that would result in any of the
actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the
Act.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) Percentage interest calculations for each Reporting Person are based upon
the Issuer having 184,826,952 total outstanding shares of common stock, as
reported on the Issuer's 10-Q filed with the Securities Exchange Commission on
November 14, 2001.
SPO
---
The aggregate number of Shares that SPO owns beneficially, pursuant to
Rule 13d-3 of the Act, is 5,752,300 Shares, which constitutes approximately 3.1%
of the outstanding Shares.
SPO Advisory Partners
---------------------
Because of its position as the sole general partner of SPO, SPO
Advisory Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the
beneficial owner of 5,752,300 Shares, which constitutes approximately 3.1% of
the outstanding Shares.
SFP
---
The aggregate number of Shares that SFP owns beneficially, pursuant to
Rule 13d-3 of the Act, is 942,700 Shares, which constitutes approximately 0.5%
of the outstanding Shares.
SF Advisory Partners
--------------------
Because of its position as the sole general partner of SFP, SF
Advisory Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the
beneficial owner of 942,700 Shares, which constitutes approximately 0.5% of the
outstanding Shares.
SPO Advisory Corp.
------------------
Because of its positions as the general partner of each of SPO
Advisory Partners, and SF Advisory Partners, SPO Advisory Corp. may, pursuant to
Rule 13d-3 of the Act, be deemed to be the beneficial owner of 6,695,000 Shares
in the aggregate, which constitutes approximately 3.6% of the outstanding
Shares.
CLP
----
The aggregate number of Shares that CLP owns beneficially, pursuant to
Rule 13d-3 of the Act, is 398,700 Shares, which constitutes approximately 0.2%
of the outstanding Shares.
DLW
---
The aggregate number of Shares that DLW owns beneficially, pursuant to
Rule 13d-3 of the Act, is 256,400 Shares, which constitutes approximately 0.1%
of the outstanding Shares.
PS Foundation
-------------
The aggregate number of Shares that PS Foundation owns beneficially,
pursuant to Rule 13d-3 of the Act, is 906,200 Shares, which constitutes
approximately 0.5% of the outstanding Shares.
JHS
---
Individually, and because of his positions as a control person of SPO
Advisory Corp., CLP, DLW, and PS Foundation, JHS may, pursuant to Rule 13d-3 of
the Act, be deemed to be the beneficial owner of 9,152,500 Shares, which
constitutes approximately 5.0% of the outstanding Shares.
WEO
---
Individually, and because of his positions as a control person of SPO
Advisory Corp. and Oberndorf Family Partners, WEO may, pursuant to Rule 13d-3 of
the Act, be deemed to be the beneficial owner of 7,455,000 Shares in the
aggregate, which constitutes approximately 4.0% of the outstanding Shares.
WJP
---
Because of his position as a control person of SPO Advisory Corp., WJP
may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of
6,695,000 Shares in the aggregate, which constitutes approximately 3.6% of the
outstanding Shares.
DMK
---
The aggregate number of Shares that DMK owns beneficially, pursuant to
Rule 13d-3 of the Act, is 3,500 Shares, which constitutes less than 0.1% of the
outstanding Shares.
JYL
---
The aggregate number of shares that JYL owns beneficially, pursuant to
Rule 13d-3 of the Act, is 2,750 Shares, which constitutes less than 0.1% of the
outstanding Shares.
EHM
---
The aggregate number of shares that EHM owns beneficially, pursuant to
Rule 13d-3 of the Act, is 4,900 Shares, which constitutes less than 0.1% of the
outstanding Shares.
KCM
---
The aggregate number of shares that KCM owns beneficially, pursuant to
Rule 13d-3 of the Act, is 16,000 Shares, which constitutes less than 0.1% of the
outstanding Shares.
MBY
---
The aggregate number of shares that MBY owns beneficially, pursuant to
Rule 13d-3 of the Act, is 3,700 Shares, which constitutes less than 0.1% of the
outstanding Shares.
To the best of the knowledge of each of the Reporting Persons, other
than as set forth above, none of the persons named in Item 2 hereof is the
beneficial owner of any Shares.
(b)
SPO
---
Acting through its sole general partner, SPO has the sole power to
vote or to direct the vote and to dispose or to direct the disposition of
5,752,300 Shares.
SPO Advisory Partners
---------------------
Acting through its two general partners and in its capacity as the
sole general partner of SPO, SPO Advisory Partners has the sole power to vote or
to direct the vote and to dispose or to direct the disposition of 5,752,300
Shares.
SFP
---
Acting through its sole general partner, SFP has the sole power to
vote or to direct the vote and to dispose or to direct the disposition of
942,700 Shares.
SF Advisory Partners
--------------------
Acting through its general partner and in its capacity as the sole
general partner of SFP, SF Advisory Partners has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 942,700 Shares.
SPO Advisory Corp.
------------------
Acting through its controlling persons and in its capacities as the
general partner of each of SPO Advisory Partners and SF Advisory Partners, SPO
Advisory Corp. has the sole power to vote or to direct the vote and to dispose
or to direct the disposition of 6,695,000 Shares in the aggregate.
CLP
---
Acting through its sole general partner, CLP has the sole power to
vote or to direct the vote and to dispose or to direct the disposition of
398,700 Shares.
DLW
---
Acting through its controlling person, DLW has the sole power to vote
or to direct the vote and to dispose or to direct the disposition of 256,400
Shares.
PS Foundation
-------------
Acting through its controlling person, PS Foundation has the sole
power to vote or to direct the vote and to dispose or to direct the disposition
of 906,200 Shares.
JHS
---
As one of three controlling persons of SPO Advisory Corp., which is
the general partner of each of SPO Advisory Partners and SF Advisory Partners,
JHS may be deemed to have shared power with WEO and WJP to vote or to direct the
vote and to dispose or to direct the disposition of 6,695,000 Shares held by SPO
and SFP in the aggregate. Because of his positions as a control person of CLP,
DLW, and PS Foundation, JHS may be deemed to have shared power to vote or to
direct the vote and to dispose or to direct the disposition of 1,561,300 Shares
held by CLP, DLW, and PS Foundation in the aggregate. JHS has the sole power to
vote or to direct the vote and to dispose or to direct the disposition of
896,200 Shares.
WEO
---
Individually, and because of his position as the sole general partner
of Oberndorf Family Partners, a family partnership, WEO has the sole power to
vote or to direct the vote and to dispose or to direct the disposition of
310,000 Shares. As one of three controlling persons of SPO Advisory Corp., which
is the general partner of each of SPO Advisory Partners and SF Advisory
Partners, WEO may be deemed to have shared power with JHS and WJP to vote or to
direct the vote and to dispose or to direct the disposition of 6,695,000 Shares
held by SPO and SFP in the aggregate. WEO may be deemed to have shared power to
vote or to direct the vote and to dispose or to direct the disposition of
450,000 Shares held in a trust for himself and his wife Susan C. Oberndorf.
WJP
---
As one of three controlling persons of SPO Advisory Corp., which is
the general partner of each of SPO Advisory Partners and SF Advisory Partners,
WJP may be deemed to have shared power with JHS and WEO to vote or to direct the
vote and to dispose or to direct the disposition of 6,695,000 Shares held by SPO
and SFP in the aggregate.
DMK
---
DMK has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 3,500 Shares.
JYL
---
JYL has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 2,750 Shares.
EHM
---
EHM has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 4,900 Shares.
KCM
---
KCM has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 16,000 Shares.
MBY
---
MBY has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 3,700 Shares.
(c) During the past sixty (60) days, the Reporting Persons purchased
Shares in open market transactions on the New York Stock Exchange ("NYSE") as
set forth on Schedule I attached hereto.
Except as set forth in this paragraph (c), to the best of the
knowledge of each of the Reporting Persons, none of the persons named in
response to paragraph (a) has effected any transactions in Shares during the
past sixty (60) days.
(d) Each of the Reporting Persons affirms that no person other than
such Reporting Person has the right to receive or the power to direct the
receipt of distributions with respect to, or the proceeds from the sale of, the
Shares owned by such Reporting Person.
(e) It is inapplicable for the purposes herein to state the date on
which the Reporting Persons ceased to be the owners of more than five percent
(5%) of the outstanding Shares.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
---------------------------------------------------------------------
to Securities of the Issuer.
---------------------------
Except as set forth herein or in the Exhibits filed herewith, there
are no other contracts, arrangements, understandings or relationships of the
type required to be disclosed in response to Item 6 of Schedule 13D of the Act
with respect to the Shares owned by the Reporting Persons.
Item 7. Material to be Filed as Exhibits.
--------------------------------
Exhibit A - Agreement pursuant to Rule 13d-1(f)(1)(iii)
Exhibit B - Power of Attorney for David M. Kashen
Exhibit C - Power of Attorney for Kurt C. Mobley
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.
DATED: February 8, 2002
/s/ Phillip Gordon
-----------------------
Phillip Gordon
Attorney-in-Fact for:
SPO PARTNERS II, L.P. (2)
SPO ADVISORY PARTNERS, L.P. (2)
SAN FRANCISCO PARTNERS II, L.P. (2)
SF ADVISORY PARTNERS, L.P. (2)
SPO ADVISORY CORP. (2)
CRANBERRY LAKE PARTNERS, L.P (2)
D. L. & W., INC. PROFIT SHARING RETIREMENT PLAN (2)
PHOEBE SNOW FOUNDATION, INC. (2)
JOHN H. SCULLY (2)
WILLIAM E. OBERNDORF (2)
WILLIAM J. PATTERSON (2)
DAVID M. KASHEN (1)
JANE Y. LIOU (2)
EDWARD H. MCDERMOTT (2)
KURT C. MOBLEY (1)
MICHAEL B. YUEN (2)
(1) A Power of Attorney authorizing Philip Gordon
or act on behalf of this person or entity is
attached as an exhibit to this filing.
(2) A Power of Attorney authorizing Phillip
Gordon to act on behalf of this person or
entity has been previously filed with the
Securities and Exchange Commission.
SCHEDULE I TO
-------------
SCHEDULE 13D FOR
SPO PARTNERS II, L.P.
Date of Number of Price Per Where/How
Reporting Person Transaction Type Shares Share ($) Transaction Effected
---------------- ----------- ---- ------ -------- --------------------
SPO Partners II, L.P. 12/12/2001 Buy 473,900 7.01 Open Market/Broker
12/13/2001 Buy 273,100 6.94 Open Market/Broker
12/14/2001 Buy 992,000 7.01 Open Market/Broker
12/17/2001 Buy 1,000,000 7.19 Open Market/Broker
12/18/2001 Buy 1,000,000 8.03 Open Market/Broker
12/19/2001 Buy 960,000 8.08 Open Market/Broker
12/20/2001 Buy 470,000 8.07 Open Market/Broker
12/21/2001 Buy 183,300 8.38 Open Market/Broker
01/18/2002 Buy 200,000 6.08 Open Market/Broker
01/18/2002 Buy 200,000 6.44 Open Market/Broker
San Francisco
Partners II, L.P. 12/14/2001 Buy 261,000 7.01 Open Market/Broker
12/19/2001 Buy 40,000 8.08 Open Market/Broker
12/20/2001 Buy 30,000 8.07 Open Market/Broker
12/21/2001 Buy 11,700 8.38 Open Market/Broker
01/17/2001 Buy 600,000 6.34 Open Market/Broker
Cranberry Lake
Partners, L.P. 12/24/2001 Buy 38,200 8.45 Open Market/Broker
12/26/2001 Buy 138,000 8.70 Open Market/Broker
12/27/2001 Buy 57,800 9.04 Open Market/Broker
01/30/2002 Buy 98,700 4.62 Open Market/Broker
02/04/2002 Buy 26,000 4.75 Open Market/Broker
02/05/2002 Buy 40,000 4.44 Open Market/Broker
D.L.&W., Inc. Profit
Sharing Retirement
Plan 01/09/2002 Buy 67,000 8.82 Open Market/Broker
01/29/2002 Buy 140,000 4.96 Open Market/Broker
01/30/2002 Buy 29,600 4.62 Open Market/Broker
02/04/2002 Buy 7,800 4.75 Open Market/Broker
02/05/2002 Buy 12,000 4.44 Open Market/Broker
Phoebe Snow
Foundation 01/09/2002 Buy 425,100 8.82 Open Market/Broker
01/10/2002 Buy 300,000 8.52 Open Market/Broker
01/30/2002 Buy 108,500 4.62 Open Market/Broker
02/04/2002 Buy 28,600 4.75 Open Market/Broker
02/05/2002 Buy 44,000 4.44 Open Market/Broker
John H. Scully 12/24/2001 Buy 68,500 8.45 Open Market/Broker
12/26/2001 Buy 283,000 8.70 Open Market/Broker
12/27/2001 Buy 115,200 9.04 Open Market/Broker
Date of Number of Price Per Where/How
Reporting Person Transaction Type Shares Share ($) Transaction Effected
---------------- ----------- ---- ------ --------- --------------------
01/09/2002 Buy 1,300 8.82 Open Market/Broker
01/30/2002 Buy 256,600 4.62 Open Market/Broker
02/04/2002 Buy 67,600 4.75 Open Market/Broker
02/05/2002 Buy 104,000 4.44 Open Market/Broker
William E.
Oberndorf 01/10/2002 Buy 86,000 8.31 Open Market/Broker
01/10/2002 Buy 4,000 8.31 Open Market/Broker
01/29/2002 Buy 25,000 4.74 Open Market/Broker
01/29/2002 Buy 75,000 4.74 Open Market/Broker
01/30/2002 Buy 62,500 4.79 Open Market/Broker
01/30/2002 Buy 187,500 4.79 Open Market/Broker
01/31/2002 Buy 62,500 5.26 Open Market/Broker
01/31/2002 Buy 187,500 5.26 Open Market/Broker
02/07/2002 Buy 1,939 4.11 Open Market/Broker
02/07/2002 Buy 38,061 4.13 Open Market/Broker
02/07/2002 Buy 15,000 4.09 Open Market/Broker
02/07/2002 Buy 15,000 4.09 Open Market/Broker
David M. Kashen 01/23/2002 Buy 1,100 6.29 Open Market/Broker
01/29/2002 Buy 900 4.48 Open Market/Broker
02/05/2002 Buy 700 4.04 Open Market/Broker
Jane Y. Liou 01/16/2002 Buy 500 7.10 Open Market/Broker
01/16/2002 Buy 500 7.10 Open Market/Broker
01/17/2002 Buy 500 6.30 Open Market/Broker
Edward H.
McDermott 01/15/2002 Buy 400 7.77 Open Market/Broker
01/15/2002 Buy 500 7.74 Open Market/Broker
01/15/2002 Buy 1,000 7.84 Open Market/Broker
02/07/2002 Buy 3,000 4.06 Open Market/Broker
Kurt Mobley 02/05/2002 Buy 3,000 4.26 Open Market/Broker
02/05/2002 Buy 3,000 4.25 Open Market/Broker
Michael B. Yuen 02/06/2002 Buy 2,675 4.03 Open Market/Broker
02/06/2002 Buy 1,025 4.03 Open Market/Broker
EXHIBIT INDEX
Exhibit Document Description Page No.
------- -------------------- --------
A Agreement Pursuant to Rule 13d-1(f)(1)(iii) 1
B Power of Attorney for David Kashen 2
C Power of Attorney for Kurt Mobley 3
Exhibit A
Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the General Rules
and Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agrees that the statement to
which this Exhibit is attached is filed on behalf of each of them in the
capacities set forth below.
DATED: February 8, 2002
/s/ Phillip Gordon
--------------------------
Phillip Gordon
Attorney-in-Fact for:
SPO PARTNERS II, L.P. (2)
SPO ADVISORY PARTNERS, L.P. (2)
SAN FRANCISCO PARTNERS II, L.P. (2)
SF ADVISORY PARTNERS, L.P. (2)
SPO ADVISORY CORP. (2)
CRANBERRY LAKE PARTNERS, L.P (2)
D. L. & W., INC. PROFIT SHARING RETIREMENT PLAN (2)
PHOEBE SNOW FOUNDATION, INC. (2)
JOHN H. SCULLY (2)
WILLIAM E. OBERNDORF (2)
WILLIAM J. PATTERSON (2)
DAVID KASHEN (1)
JANE Y. LIOU (2)
EDWARD H. MCDERMOTT (2)
KURT MOBLEY (1)
MICHAEL B. YUEN (2)
(1) A Power of Attorney authorizing Philip Gordon
or act on behalf of this person or entity is
attached as an exhibit to this filing.
(2) A Power of Attorney authorizing Phillip
Gordon to act on behalf of this person or
entity has been previously filed with the
Securities and Exchange Commission.
Exhibits: Page 1
EXHIBIT B
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, David Kashen,
has made, constituted and appointed, and by these presents does make, constitute
and appoint Phillip Gordon his true and lawful attorney-in-fact and agent and in
his name, place and stead to execute, acknowledge, deliver and file any and all
filings required by Section 13 and Section 16 of the Securities Exchange Act of
1934, as amended, and the rules and regulations promulgated thereunder,
including, but not limited to, Schedules 13D, Forms 3, Forms 4 and Forms 5,
hereby ratifying and confirming all that said attorney-in-fact and agent may do
or cause to be done by virtue hereof.
The validity of this Power of Attorney shall not be affected in any
manner by reason of the execution, at any time, of other powers of attorney by
the undersigned in favor of persons other than the attorney-in-fact named
herein.
WITNESS THE EXECUTION HEREOF this 5th day of February, 2002 by David
Kashen.
By: /s/ David Kashen
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Name: David Kashen
STATE OF California )
COUNTY OF Marin )
/s/ Kim M.S. Silva
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Notary Public
Exhibits: Page 2
EXHIBIT C
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, Kurt Mobley, has
made, constituted and appointed, and by these presents does make, constitute and
appoint Phillip Gordon his true and lawful attorney-in-fact and agent and in his
name, place and stead to execute, acknowledge, deliver and file any and all
filings required by Section 13 and Section 16 of the Securities Exchange Act of
1934, as amended, and the rules and regulations promulgated thereunder,
including, but not limited to, Schedules 13D, Forms 3, Forms 4 and Forms 5,
hereby ratifying and confirming all that said attorney-in-fact and agent may do
or cause to be done by virtue hereof.
The validity of this Power of Attorney shall not be affected in any
manner by reason of the execution, at any time, of other powers of attorney by
the undersigned in favor of persons other than the attorney-in-fact named
herein.
WITNESS THE EXECUTION HEREOF this 5th day of February, 2002 by Kurt
Mobley.
By: /s/ Kurt Mobley
---------------
Name: Kurt Mobley
STATE OF California )
COUNTY OF Marin )
/s/ Kim M.S. Silva
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Notary Public
Exhibits: Page 3