SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.1)*
Biogen Idec Inc.
(Name of Issuer)
Common Stock, Par Value $0.0005
(Title of Class of Securities)
09062X103
(CUSIP Number)
Marc Weitzen, Esq.
Icahn Capital LP
767 Fifth Avenue, 47th Floor
New York, New York 10153
(212) 702-4388
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 5, 2009
(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 Section 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ("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).
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
High River Limited Partnership
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
3,215,051
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
3,215,051
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,215,051
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.10%
14 TYPE OF REPORTING PERSON
PN
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Hopper Investments LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
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
3,215,051
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
3,215,051
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,215,051
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.10%
14 TYPE OF REPORTING PERSON
OO
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Barberry Corp.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
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
3,215,051
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
3,215,051
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,215,051
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.10%
14 TYPE OF REPORTING PERSON
CO
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Icahn Partners Master Fund LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
5,888,807
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
5,888,807
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,888,807
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.02%
14 TYPE OF REPORTING PERSON
PN
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Icahn Partners Master Fund II LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
1,761,077
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
1,761,077
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,761,077
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.60%
14 TYPE OF REPORTING PERSON
PN
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Icahn Partners Master Fund III LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
677,474
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
677,474
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
677,474
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.23%
14 TYPE OF REPORTING PERSON
PN
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Icahn Offshore LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
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
8,327,358
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
8,327,358
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,327,358
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.85%
14 TYPE OF REPORTING PERSON
PN
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Icahn Partners LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
4,532,847
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
4,532,847
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,532,847
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.55%
14 TYPE OF REPORTING PERSON
PN
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Icahn Onshore LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
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
4,532,847
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
4,532,847
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,532,847
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.55%
14 TYPE OF REPORTING PERSON
PN
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Icahn Capital LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
11,542,409
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
11,542,409
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,542,409
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.96%
14 TYPE OF REPORTING PERSON
PN
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
IPH GP LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
11,542,409
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
11,542,409
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,542,409
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.96%
14 TYPE OF REPORTING PERSON
OO
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Icahn Enterprises Holdings L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
11,542,409
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
11,542,409
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,542,409
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.96%
14 TYPE OF REPORTING PERSON
PN
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Icahn Enterprises G.P. Inc.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
11,542,409
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
11,542,409
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,542,409
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.96%
14 TYPE OF REPORTING PERSON
CO
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Beckton Corp.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
11,542,409
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
11,542,409
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,542,409
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.96%
14 TYPE OF REPORTING PERSON
CO
SCHEDULE 13D
CUSIP No. 09062X103
1 NAME OF REPORTING PERSON
Carl C. Icahn
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS
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
16,075,256
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
16,075,256
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,075,256
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.51%
14 TYPE OF REPORTING PERSON
IN
SCHEDULE 13D
Item 1. Security and Issuer
The Schedule 13D filed with the Securities and Exchange Commission on
August 11, 2008 by the Reporting Persons (the "Initial 13D") with respect to the
shares of Common Stock, par value $0.0005 (the "Shares"), issued by Biogen Idec
Inc. (the "Issuer") is hereby amended to furnish the additional information set
forth herein. All capitalized terms contained herein but not otherwise defined
shall have the meanings ascribed to such terms in the Initial 13D.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of the Schedule 13D is hereby amended by replacing it in its
entirety with the following:
The Reporting Persons hold, in the aggregate, 16,075,256 Shares. The
aggregate purchase price of the Shares currently owned by the Reporting
Persons collectively was $811,009,311 (including commissions). The source
of funding for the purchase of these Shares was the general working capital
of the respective purchasers. The Shares are held by the Reporting Persons
in margin accounts together with other securities. Such margin accounts may
from time to time have debit balances. Part of the purchase price of the
Shares purchased by the Reporting Persons was obtained through margin
borrowing. The Shares purchased by the Reporting Persons are maintained in
margin accounts that include positions in securities in addition to Shares.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended by the addition of the
following:
On February 5 and 6, 2009, entities affiliated with Mr. Icahn
delivered the "Stockholders' Notice of Nomination of Persons for Election
as Directors and Other Proposed Business at the 2009 Annual Meeting of
Stockholders of Biogen Idec Inc." (the "Notice"), a copy of which is
attached hereto as Exhibit I. Such Notice states the intention of High
River, Icahn Partners, Icahn Master, Icahn Master II and Icahn Master III:
(i) to seek to nominate Dr. Alexander J. Denner, Dr. Richard C. Mulligan,
Dr. Thomas F. Deuel and Dr. David Sidransky for election to the Board of
Directors of the Issuer at the 2009 annual meeting of stockholders; (ii) to
propose a resolution to the stockholders of the Issuer whereby the
stockholders request that the Board of Directors of the Issuer promptly
initiate and complete the necessary and appropriate process so that the
stockholders of the Issuer can choose whether to change the Issuer's
jurisdiction of incorporation from Delaware to North Dakota and to become
subject to the North Dakota Publicly Traded Corporations Act; and (iii) to
propose certain amendments to the Issuer's Second Amended and Restated
Bylaws that would limit the size of the Board of Directors to thirteen.
SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER
DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY CARL C. ICAHN, DR.
ALEXANDER J. DENNER, DR. THOMAS F. DEUEL, DR. RICHARD C. MULLIGAN, DR.
DAVID SIDRANSKY, HIGH RIVER LIMITED PARTNERSHIP, HOPPER INVESTMENTS LLC,
BARBERRY CORP., ICAHN PARTNERS LP, ICAHN PARTNERS MASTER FUND LP, ICAHN
PARTNERS MASTER FUND II LP, ICAHN PARTNERS MASTER FUND III LP, ICAHN
ENTERPRISES G.P. INC., ICAHN ENTERPRISES HOLDINGS L.P., IPH GP LLC, ICAHN
CAPITAL L.P., ICAHN ONSHORE LP, ICAHN OFFSHORE LP, BECKTON CORP., AND
CERTAIN OF THEIR RESPECTIVE AFFILIATES FROM THE STOCKHOLDERS OF BIOGEN IDEC
INC., FOR USE AT ITS ANNUAL MEETING WHEN AND IF THEY BECOME AVAILABLE,
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION
RELATING TO THE PARTICIPANTS IN ANY SUCH PROXY SOLICITATION. WHEN AND IF
COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE
AVAILABLE TO STOCKHOLDERS OF BIOGEN IDEC INC. FROM THE PARTICIPANTS AT NO
CHARGE AND WILL ALSO BE AVAILABLE AT NO CHARGE AT THE SECURITIES AND
EXCHANGE COMMISSION'S WEBSITE AT HTTP://WWW.SEC.GOV.
INFORMATION RELATING TO THE PARTICIPANTS IN THIS PROXY SOLICITATION IS
CONTAINED IN SCHEDULE 14A FILED BY MR. ICAHN AND CERTAIN OF HIS AFFILIATES
WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 6, 2009, WHICH
DOCUMENT IS AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE
COMMISSION'S WEBSITE AT HTTP://WWW.SEC.GOV.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is hereby amended by replacing it in its
entirety with the following:
(a) The Reporting Persons may be deemed to beneficially own, in the
aggregate, 16,075,256 Shares, representing approximately 5.51% of the
Issuer's outstanding Shares (based upon the 291,752,825 Shares stated to be
outstanding as of October 16, 2008 by the Issuer in the Issuer's Form 10-Q
filed with the Securities and Exchange Commission for the quarterly period
ended September 30, 2008).
(b) High River has sole voting power and sole dispositive power with
regard to 3,215,051 Shares. Each of Hopper, Barberry and Carl C. Icahn has
shared voting power and shared dispositive power with regard to such
Shares. Icahn Master has sole voting power and sole dispositive power with
regard to 5,888,807 Shares. Each of Icahn Offshore, Icahn Capital, IPH,
Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn has
shared voting power and shared dispositive power with regard to such
Shares. Icahn Master II has sole voting power and sole dispositive power
with regard to 1,761,077 Shares. Each of Icahn Offshore, Icahn Capital,
IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr.
Icahn has shared voting power and shared dispositive power with regard to
such Shares. Icahn Master III has sole voting power and sole dispositive
power with regard to 677,474 Shares. Each of Icahn Offshore, Icahn Capital,
IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr.
Icahn has shared voting power and shared dispositive power with regard to
such Shares. Icahn Partners has sole voting power and sole dispositive
power with regard to 4,532,847 Shares. Each of Icahn Onshore, Icahn
Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and
Mr. Icahn has shared voting power and shared dispositive power with regard
to such Shares.
Each of Hopper, Barberry and Mr. Icahn, by virtue of their
relationships to High River (as disclosed in Item 2), may be deemed to
indirectly beneficially own (as that term is defined in Rule 13d-3 under
the Act) the Shares which High River directly beneficially owns. Each of
Hopper, Barberry and Mr. Icahn disclaims beneficial ownership of such
Shares for all other purposes. Each of Icahn Offshore, Icahn Capital, IPH,
Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn, by
virtue of their relationships to each of Icahn Master, Icahn Master II and
Icahn Master III (as disclosed in Item 2), may be deemed to indirectly
beneficially own (as that term is defined in Rule 13d-3 under the Act) the
Shares which each of Icahn Master, Icahn Master II and Icahn Master III
directly beneficially owns. Each of Icahn Offshore, Icahn Capital, IPH,
Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn
disclaims beneficial ownership of such Shares for all other purposes. Each
of Icahn Onshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn
Enterprises GP, Beckton and Mr. Icahn, by virtue of their relationships to
Icahn Partners (as disclosed in Item 2), may be deemed to indirectly
beneficially own (as that term is defined in Rule 13d-3 under the Act) the
Shares which Icahn Partners directly beneficially owns. Each of Icahn
Onshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises
GP, Beckton and Mr. Icahn disclaims beneficial ownership of such Shares for
all other purposes.
(c) The following table sets forth all transactions with respect to
Shares effected during the past sixty (60) days by any of the Reporting
Persons. Except as otherwise noted below, all such transactions were
purchases of Shares effected in the open market, and the table includes
commissions paid in per share prices.
Name of Date of No. of Shares Purchase Price
Reporting Transaction Purchased Per Share
Person (U.S.$)
------------------ --------------------- ------------------ --------------------
High River December 2, 2008 54,300 40.70
------------------ --------------------- ------------------ --------------------
High River December 3, 2008 62,133 41.66
------------------ --------------------- ------------------ --------------------
High River December 4, 2008 131,153 41.71
------------------ --------------------- ------------------ --------------------
High River December 5, 2008 30,204 41.21
------------------ --------------------- ------------------ --------------------
Icahn Master December 2, 2008 217,200 40.70
------------------ --------------------- ------------------ --------------------
Icahn Master December 3, 2008 244,430 41.66
------------------ --------------------- ------------------ --------------------
Icahn Master December 4, 2008 310,807 41.71
------------------ --------------------- ------------------ --------------------
Icahn Master December 5, 2008 55,323 41.21
------------------ --------------------- ------------------ --------------------
Icahn Master II December 4, 2008 85,212 41.71
------------------ --------------------- ------------------ --------------------
Icahn Master II December 5, 2008 16,545 41.21
------------------ --------------------- ------------------ --------------------
Icahn Master III December 3, 2008 4,103 41.66
------------------ --------------------- ------------------ --------------------
Icahn Master III December 4, 2008 35,757 41.71
------------------ --------------------- ------------------ --------------------
Icahn Master III December 5, 2008 6,364 41.21
------------------ --------------------- ------------------ --------------------
Icahn Partners December 4, 2008 92,838 41.71
------------------ --------------------- ------------------ --------------------
Icahn Partners December 5, 2008 42,583 41.21
------------------ --------------------- ------------------ --------------------
Item 7. Materials to Be Filed as Exhibits.
Item 7 is hereby amended by the addition of the following:
Exhibit 1. Stockholders' Notice of Nomination of Persons for Election as
Directors and Other Proposed Business at the 2009 Annual Meeting of
Stockholders of Biogen Idec Inc.
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: February 6, 2009
HIGH RIVER LIMITED PARTNERSHIP
By: Hopper Investments LLC, general partner
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
HOPPER INVESTMENTS LLC
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
BARBERRY CORP.
By: /s/ Edward E. Mattner
---------------------
Name: Edward Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND II LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND III LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN OFFSHORE LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN ONSHORE LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN CAPITAL LP
By: IPH GP LLC, its general partner
By: Icahn Enterprises Holdings L.P., its sole member
By: Icahn Enterprises G.P. Inc., its general partner
By: /s/ Dominick Ragone
-------------------
Name: Dominick Ragone
Title: Chief Financial Officer
IPH GP LLC
By: Icahn Enterprises Holdings L.P., its sole member
By: Icahn Enterprises G.P. Inc., its general partner
By: /s/ Dominick Ragone
-------------------
Name: Dominick Ragone
Title: Chief Financial Officer
ICAHN ENTERPRISES HOLDINGS L.P.
By: Icahn Enterprises G.P. Inc., its general partner
By: /s/ Dominick Ragone
-------------------
Name: Dominick Ragone
Title: Chief Financial Officer
ICAHN ENTERPRISES G.P. INC.
By: /s/ Dominick Ragone
-------------------
Name: Dominick Ragone
Title: Chief Financial Officer
BECKTON CORP.
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
/s/ Carl C. Icahn
-----------------
CARL C. ICAHN
[Signature Page of Schedule 13D, Amendment No. 1 - Biogen Idec Inc.]
EXHIBIT I
ICAHN PARTNERS LP
ICAHN PARTNERS MASTER FUND LP
ICAHN PARTNERS MASTER FUND II LP
ICAHN PARTNERS MASTER FUND III LP
HIGH RIVER LIMITED PARTNERSHIP
c/o Icahn Capital Management LP
767 Fifth Avenue, 47th Floor
New York, NY 10153
February 5, 2009
Via Federal Express, United Parcel Service,
Hand Delivery, Email and Facsimile
-------------------------------------------
Biogen Idec Inc.
14 Cambridge Center
Cambridge, Massachusetts 02142
Attention: James C. Mullen, President and Chief Executive Officer
Susan H. Alexander, General Counsel and Secretary
Re: Stockholders' Notice (this "Notice") of Nomination of Persons for Election
as Directors and Other Proposed Business at the 2009 Annual Meeting of
Stockholders of Biogen Idec Inc. (the "Corporation")
--------------------------------------------------------------------------
Ladies and Gentlemen:
Icahn Partners LP, a Delaware limited partnership ("Icahn Partners"), Icahn
Partners Master Fund LP, a Cayman Islands exempted limited partnership ("Icahn
Master"), Icahn Partners Master Fund II LP, a Cayman Islands exempted limited
partnership ("Icahn Master II"), Icahn Partners Master Fund III LP, a Cayman
Islands exempted limited partnership ("Icahn Master III") and High River Limited
Partnership, a Delaware limited partnership ("High River", and together with
Icahn Partners, Icahn Master, Icahn Master II and Icahn Master III, the "Record
Holders" and each of them a "Record Holder") hereby submit this notice (this
"Notice") on the date hereof pursuant to the requirements (the "Bylaw
Requirements") of the Second Amended and Restated Bylaws of the Corporation,
adopted as of October 13, 2008 (the "Bylaws") of their intent (i) to nominate
the Slate (as defined below) for election as directors of the Corporation at the
2009 annual meeting of stockholders of the Corporation (the "Annual Meeting"),
or a special meeting of stockholders of the Corporation called for a similar
purpose, and as a separate matter, (ii) to propose at the Annual Meeting, or a
special meeting of stockholders of the Corporation called for a similar purpose
a resolution to the stockholders of the Corporation whereby the stockholders
request that the Board of Directors of the Corporation promptly initiate and
complete the necessary and appropriate process so that the stockholders of the
Corporation can choose whether to change the Corporation's jurisdiction of
incorporation from Delaware to North Dakota (the "Reincorporation Proposal") and
to become subject to the North Dakota Publicly Traded Corporations Act (the
"North Dakota Act") and (iii) to propose certain amendments to the Corporation's
Bylaws. This Notice is submitted by the Record Holders and on behalf of the
Beneficial Owners (as defined in Annex A).
The address of Icahn Partners is 767 Fifth Avenue, 47th Floor, New York, NY
10153. The address of Icahn Master is c/o Walkers SPV Limited, P.O. Box 908GT,
87 Mary Street, George Town, Grand Cayman, Cayman Islands. The address of Icahn
Master II is c/o Walkers SPV Limited, Walker House, 87 Mary Street, George Town,
Grand Cayman KY1-9002, Cayman Islands. The address of Icahn Master III is c/o
Walkers SPV Limited, Walker House, 87 Mary Street, George Town, Grand Cayman
KY1-9002, Cayman Islands.(1) The address of High River is 767 Fifth Avenue, 47th
Floor, New York, NY 10153. Each of Icahn Master, Icahn Master II, Icahn Master
III, Icahn Partners and High River is primarily engaged in the business of
investing in securities.
_________________________
(1) Please note that the following address is set forth on the stock
certificate of each of Icahn Partners, Icahn Master, Icahn Master II, Icahn
Master III and High River as its record address on the books of the
Corporation: c/o Icahn Associates Corp., 767 Fifth Avenue, 47th Floor, New
York, New York 10153.
As of the close of business on February 5, 2009 (i) each of the Record
Holders represents that it is the holder of record of 1000 shares of Common
Stock, par value $0.0005 per share, of the Corporation (the "Shares"); (ii)
Icahn Partners represents that it is the direct beneficial owner of 4,532,847
Shares (including the 1000 Shares of which Icahn Partners is the stockholder of
record); (iii) Icahn Master represents that it is the direct beneficial owner of
5,888,807 Shares (including the 1000 Shares of which Icahn Master is the
stockholder of record); (iv) Icahn Master II represents that it is the direct
beneficial owner of 1,761,077 Shares (including the 1000 Shares of which Icahn
Master II is the stockholder of record); (v) Icahn Master III represents that it
is the direct beneficial owner of 677,474 Shares (including the 1000 Shares of
which Icahn Master III is the stockholder of record); and (vi) High River
represents that it is the direct beneficial owner of 3,215,051 Shares (including
the 1000 Shares of which High River is the stockholder of record), in each case
as further described in Annex A. Carl C. Icahn by virtue of his relationship to
Icahn Partners, Icahn Master, Icahn Master II, Icahn Master III and High River
is deemed to beneficially own (as that term is defined in Rule 13d-3 of the
Securities Act of 1933, as amended) the Shares which Icahn Partners, Icahn
Master, Icahn Master II, Icahn Master III and High River directly beneficially
own, as further described in Annex A.
Each of the Record Holders and the Beneficial Owners hereby represents that
each Record Holder and Beneficial Owner will notify the Corporation in writing
of the class, series and number of such Shares owned beneficially and of record
as of the record date for the Annual Meeting (the "Record Date") promptly
following the later of the Record Date or the date notice of the Record Date is
first publicly disclosed, however, such representation is not an admission by
any Record Holder, Nominee or Beneficial Owner or any of their respective
affiliates of the legality thereof or that such notification is required.
Other than as disclosed in Annex A, each of the Record Holders and
Beneficial Owners hereby represents that it does not own any Derivative
Instruments (as defined in the Bylaws) or any other direct or indirect
opportunity to profit or share in any profit derived from any increase or
decrease in the value of the Shares. Each of the Record Holders and the
Beneficial Owners hereby represents that each Record Holder and Beneficial Owner
will notify the Corporation in writing of any such Derivative Instrument in
effect as of the Record Date promptly following the later of the Record Date or
the date notice of the Record Date is first publicly disclosed, however, such
representation is not an admission by any Record Holder, Nominee or Beneficial
Owner or any of their respective affiliates of the legality thereof or that such
notification is required.
Each Record Holder hereby represents that it intends to appear in person or
by proxy at the Annual Meeting to nominate for election as class III directors
of the Corporation the following persons (each, a "Nominee" and collectively,
the "Slate"):
Dr. Alexander J. Denner
Dr. Richard C. Mulligan
Dr. Thomas F. Deuel
Dr. David Sidransky
As a separate matter, each Record Holder hereby represents that it intends
to appear in person or by proxy at the Annual Meeting to propose a resolution to
the stockholders of the Corporation whereby the stockholders request that the
Board of Directors of the Corporation promptly initiate and complete the
necessary and appropriate process so that the stockholders of the Corporation
can choose whether to change the Corporation's jurisdiction of incorporation
from Delaware to North Dakota and to become subject to the North Dakota Act.
The Reincorporation Proposal is a proper matter for stockholder action
under the General Corporation Law of Delaware. The Record Holders believe that
it is in the best interests of the Corporation's stockholders to change the
Corporation's jurisdiction of incorporation from Delaware to North Dakota and
for the Corporation to become subject to the North Dakota Act. The Record
Holders believe that North Dakota is the most stockholder-friendly jurisdiction
in the United States and that being incorporated there and subject to the North
Dakota Act would give the stockholders considerably more protection against
management entrenchment and would make it easier for third parties to
successfully bid for the Corporation. Although there can be no assurances, this
could enable stockholders, in some cases, to achieve a premium over market for
their shares.
The proposal states:
"RESOLVED, that the stockholders of the Corporation hereby request the
Board of Directors of the Corporation to take all action as is
necessary and appropriate to properly initiate and complete the
process to change the Corporation's jurisdiction of incorporation from
Delaware to North Dakota and to become subject to the North Dakota
Publicly Traded Corporations Act."
As a separate matter, in order to restrict the ability of the Board of
Directors to increase the size of the Board, each Record Holder hereby
represents that it intends to appear in person or by proxy at the Annual Meeting
to propose certain amendments to the Bylaws (the "Bylaw Amendments") that would
fix the number of directors at thirteen (13).
The Bylaw Amendments are a proper matter for stockholder action under the
General Corporation Law of Delaware. The Record Holders believe that it is in
the best interests of the Corporation's stockholders to limit the size of the
Board of Directors to thirteen (13) directors. The Bylaws currently allow the
Board of Directors to increase the size of the board at any time in their
discretion. Furthermore, vacancies resulting from such increases may only be
filled by the Board of Directors. The Record Holders believe that the
shareholders of the Corporation should know with certainty the size of the
Board.
The proposal states:
"RESOLVED, that the Bylaws be and hereby are amended as follows:
o To replace the first sentence of Section 3.1 in its entirety with
the following sentence:
"The number of directors that shall constitute the entire Board
shall be thirteen (13)."
o To delete the first sentence of Section 3.2 in its entirety.
o To delete the words "and newly created directorships resulting
from any increase in the authorized number of directors",
appearing in the second sentence of Section 3.2 in their
entirety."
In this Notice: (i) certain information relating to the Record Holders and
Beneficial Owners is set forth in the body of this Notice (including the
footnotes hereto) and Annex A; (ii) certain information relating to each Nominee
is set forth in the body of this Notice and Annex B; (iii) the written consent
of each Nominee to being named in the proxy statement as a nominee and to
serving as a director of the Corporation if elected is attached as Annex C; and
(iv) each Nominee has executed a copy of the Director Nominee Representation and
Agreement attached as Annex D. Each Nominee is also party to a nominee agreement
with the Record Holders substantially in the form attached hereto as Annex E,
pursuant to which the Record Holders have agreed to pay certain fees to each
Nominee (other than Dr. Denner) and to indemnify each Nominee with respect to
certain costs incurred by each Nominee in connection with the proxy contest
relating to the Annual Meeting (the "Nominee Agreement"). In connection with the
Record Holders proxy contest against the Corporation in 2008, Dr. Mulligan also
entered into a nominee agreement substantially in the form attached hereto as
Annex E and was paid certain fees by the Record Holders in 2008 in connection
with his nomination to the board of directors of the Corporation.
Each Nominee, Record Holder and Beneficial Owner has an interest in the
election of directors at the Annual Meeting: (i) directly and/or indirectly
through the beneficial ownership (if any) of Shares, as described on the
applicable attachment to Annex A and (ii) pursuant to the Nominee Agreement, if
applicable, relating to such Nominee and each Record Holder.
Other than as disclosed in this Notice, none of the Record Holders, the
Beneficial Owners, nor any of their respective affiliates or associates, nor any
others acting in concert with any of the foregoing have any agreement,
arrangement or understanding with respect to the nomination of the Nominees, the
Reincorporation Proposal or the Bylaw Amendments. Each Record Holder and
Beneficial Owner hereby represents that it will notify the Corporation in
writing of any such agreements, arrangements or understandings in effect as of
the Record Date promptly following the later of the Record Date or the date
notice of the Record Date is first publicly disclosed.
With respect to each Nominee, other than as disclosed in this Notice, (i)
such Nominee is not, nor was within the past year, a party to any contract,
arrangement or understanding with any person with respect to any securities of
the Corporation, including, but not limited to, joint ventures, loan or option
arrangements, puts or calls, guarantees against loss or guarantees of profit,
division of losses or profits, or the giving or withholding of proxies; and (ii)
neither such Nominee nor any of such Nominee's associates have any arrangement
or understanding with any person with respect to (A) any future employment by
the Corporation or its affiliates or (B) any future transactions to which the
Corporation or any of its affiliates will or may be a party.
With respect to each Record Holder and Beneficial Owner, other than as
disclosed in this Notice, (i) neither such Record Holder nor such Beneficial
Owner is, nor was, within the past year, a party to any contract, arrangement or
understanding with any person with respect to any securities of the Corporation,
including, but not limited to, joint ventures, loan or option arrangements, puts
or calls, guarantees against loss or guarantees of profit, division of losses or
profits, or the giving or withholding of proxies; and (ii) neither such Record
Holder, Beneficial Owner nor any of their respective associates have any
arrangement or understanding with any person with respect to (A) any future
employment by the Corporation or its affiliates or (B) any future transactions
to which the Corporation or any of its affiliates will or may be a party.
With respect to each Nominee, such Nominee is independent under the
independence standards applicable to the Corporation under paragraph (a)(1) of
Item 407 of Regulation S-K.
In response to the Bylaw Requirements, the legality of which neither the
Record Holders nor the Beneficial Owners concede, the Record Holders and the
Beneficial Owners state their intention to deliver a proxy statement and form of
proxy to holders of at least the percentage of the Corporation's outstanding
capital stock required to approve or adopt the Reincorporation Proposal and the
Bylaw Amendments, and a sufficient number of the holders of the Corporation's
outstanding capital stock to elect the Slate. Each Record Holder hereby
represents that it intends to solicit proxies in support of the approval or
adoption of the Reincorporation Proposal, the Bylaw Amendments and the
nomination of the Slate.
In consideration of providing certain investment advisory, administrative
and back office services to the Record Holders, Icahn Onshore LP, the general
partner of Icahn Partners and Icahn Offshore LP, the general partner of Icahn
Master, Icahn Master II and Icahn Master III, (together, the "General
Partners"), receive from the Record Holders on an annual basis (i) special
profit interest allocations generally equal to 2.5% of the balance in each of
the Record Holders' capital accounts attributable to fee-paying investors and
(ii) incentive allocations generally equal to 25% of the net profits generated
by fee-paying investors of the Record Holders. Therefore, the amounts received
by the General Partners will be affected by the combination of fee-paying assets
under management and the investment performance of the Record Holders (including
any increase or decrease in the value of shares of the Corporation). The General
Partners are owned by Icahn Capital LP, which is a subsidiary of Icahn
Enterprises L.P., a New York Stock Exchange listed master limited partnership
("Icahn Enterprises"). Carl C. Icahn is the indirect owner of the general
partner of Icahn Enterprises and the indirect holder of approximately 91.2% of
the outstanding depositary units representing limited partnership interests in
Icahn Enterprises and approximately 86.5% of the preferred units in Icahn
Enterprises.
The Annexes and all attachments thereto are hereby incorporated into and
made a part of this Notice. Accordingly, all matters disclosed in any part of
this Notice, including the Annexes and all attachments thereto should be deemed
disclosed for all purposes of this Notice. All upper case terms appearing in the
Annexes and all attachments thereto that are not defined in such Annexes and
attachments shall have the meanings given in the body of this Notice or the
Annexes, as applicable.
Information is set forth herein as of the close of business on February 5,
2009. Neither the delivery of this Notice nor any delivery by any Record Holder,
Beneficial Owner, or Nominee of additional information to the Corporation from
and after the date hereof shall be deemed to constitute an admission by any
Record Holder, Beneficial Owner, Nominee or any of their respective affiliates
(if any) that such delivery is required or that each and every item or any item
of information is required or as to the legality or enforceability of any notice
requirement or any other matter, or a waiver by any Record Holder, Beneficial
Owner, Nominee or any of their respective affiliates (if any) of their right to
contest or challenge, in any way, the validity or enforceability of any notice
requirement or any other matter (including actions taken by the Board of
Directors of the Corporation in anticipation of, or following receipt of, this
Notice). Furthermore, if the Board of Directors of the Corporation increases the
number of directors to be nominated and elected at the Annual Meeting, the
Record Holders reserve the right to add additional director nominees in respect
of each such additional directorship. In the event any statement or other
information in this Notice is not correct, or to the extent any applicable
information has been omitted from this Notice, the Record Holders, Beneficial
Owners and Nominees reserve the right to correct and/or supplement any such
statement or other information set forth in this Notice.
The Record Holders have filed a Schedule 13D under the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), with the Securities and Exchange
Commission (the "SEC") relating to the Corporation (the "Filing"). The Filing,
all attachments and any amendments thereto and all future amendments thereto,
are hereby incorporated into and made a part of this Notice (but only to the
extent that the information disclosed therein constitutes information regarding
the Record Holders, Beneficial Owners or Nominees that is required to be set
forth in this Notice pursuant to the Bylaw Requirements). Accordingly, all such
matters disclosed in any part of the Filing, including all attachments thereto,
should be deemed disclosed for all purposes of this Notice. The Filing, a copy
of which was previously delivered to the Corporation pursuant to Rule 13d-7
under the Exchange Act, is available at no charge at the SEC's website at
http://www.sec.gov. If the Corporation requests additional copies of the Filing,
the Record Holders will provide them and original signed Director Nominee
Representations and Agreements and nominee consents shall be provided upon
written request by the Corporation.
[Signature page follows]
Very truly yours,
ICAHN PARTNERS LP
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND LP
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND II LP
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND III LP
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
HIGH RIVER LIMITED PARTNERSHIP
By: Hopper Investments LLC, its general partner
By: Barberry Corp., its sole member
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
[Signature page to Stockholders' Notice of Intent to Nominate Persons
for Election as Directors and Other Proposed Business at the
2009 Annual Meeting of Stockholders of Biogen Idec, Inc.]
ANNEX A
Certain Information About Beneficial Ownership
Name: Carl C. Icahn
Age: 72
Business Icahn Capital LP, 767 Fifth Avenue, 47th Floor
Address: New York, NY 10153
Residence 15 West 53rd Street, Penthouse B&C
Address: New York, NY 10019
Principal Occupation See below
or Employment:
Citizenship: United States of America
Mr. Icahn has an interest in the election of directors at the Annual
Meeting indirectly through the beneficial ownership of securities, as described
below.
Carl C. Icahn has served as chairman of the board and a director of Starfire
Holding Corporation ("Starfire"), a privately-held holding company, and chairman
of the board and a director of various subsidiaries of Starfire, since 1984.
Since August 2007, through his position as Chief Executive Officer of Icahn
Capital LP, a wholly-owned subsidiary of Icahn Enterprises L.P. ("Icahn
Enterprises"), and certain related entities, Mr. Icahn's principal occupation is
managing private investment funds, including Icahn Partners LP, Icahn Partners
Master Fund LP, Icahn Partners Master Fund II LP, and Icahn Partners Master Fund
III LP. From November 2004 to August 2007, Mr. Icahn conducted this occupation
through his entities CCI Onshore Corp. and CCI Offshore Corp. Since November
1990, Mr. Icahn has been chairman of the board of Icahn Enterprises G.P. Inc.,
the general partner of Icahn Enterprises. Icahn Enterprises is a diversified
holding company engaged in a variety of businesses, including investment
management, metals, real estate, and home fashion. Mr. Icahn was chairman of the
board and president of Icahn & Co., Inc., a registered broker-dealer and a
member of the National Association of Securities Dealers, from 1968 to 2005. Mr.
Icahn has served as chairman of the board and as a director of American Railcar
Industries, Inc., a company that is primarily engaged in the business of
manufacturing covered hopper and tank railcars, since 1994. From October 1998
through May 2004, Mr. Icahn was the president and a director of Stratosphere
Corporation, the owner and operator of the Stratosphere Hotel and Casino in Las
Vegas, which, until February 2008, was a subsidiary of Icahn Enterprises. From
September 2000 to February 2007, Mr. Icahn served as the chairman of the board
of GB Holdings, Inc., which owned an interest in Atlantic Coast Holdings, Inc.,
the owner and operator of The Sands casino in Atlantic City until November 2006.
From September 2006 to November 2008, Mr. Icahn was a director of ImClone
Systems Incorporated ("ImClone"), a biopharmaceutical company, and from October
2006 to November 2008, he was the chairman of the board of ImClone. Mr. Icahn
has been chairman of the board and a director of XO Holdings, Inc., a
telecommunications services provider, since February 2006, and of its
predecessor from January 2003 to February 2006. Mr. Icahn has served as a
director of Cadus Corporation, a company engaged in the ownership and licensing
of yeast-based drug discovery technologies since July 1993. In May 2005, Mr.
Icahn became a director of Blockbuster Inc., a provider of in-home movie rental
and game entertainment. In October 2005, Mr. Icahn became a director of
WestPoint International, Inc., a manufacturer of bed and bath home fashion
products. In August 2007, Mr. Icahn became a director of WCI Communities, Inc.
("WCI"), a homebuilding company, and since September 2007, has been the chairman
of the board of WCI. In December 2007, Mr. Icahn became a director of
Federal-Mogul Corporation ("Federal-Mogul"), a supplier of automotive products,
and since January 2008, has been the chairman of the board of Federal-Mogul. In
April, 2008, Mr. Icahn became a director of Motricity, Inc., a company that
provides mobile content services and solutions. In August, 2008, Mr. Icahn
became a director of Yahoo! Inc., a company that provides Internet services to
users, advertisers, publishers and developers worldwide. Mr. Icahn received his
B.A. from Princeton University.
Beneficial Ownership of Securities of the
Corporation as of the date of this Notice:
------------------------------------------
(1) Title of Class (2) Name of (3) Amount of (4) Percent of
Class Beneficial Beneficial Class (3)
Owner (2) Ownership
---------------------- --------------------- -------------------- --------------
Common Stock, par High River 3,215,051 1.10%
value $0.0005 per
share ("Shares")
---------------------- --------------------- -------------------- --------------
Shares Icahn Partners 4,532,847 1.55%
---------------------- --------------------- -------------------- --------------
Shares Icahn Master 5,888,807 2.02%
---------------------- --------------------- -------------------- --------------
Shares Icahn Master II 1,761,077 0.60%
---------------------- --------------------- -------------------- --------------
Shares Icahn Master III 677,474 0.23%
---------------------- --------------------- -------------------- --------------
_________________________
(2) Please note that each Record Holder listed in this table is, as of the date
of this Notice, the direct beneficial owner of the Shares set forth under
the heading "(3) Amount of Beneficial Ownership" and that indirect
beneficial ownership of Shares is described below in the text of this Annex
A under the heading "Description of Beneficial Ownership."
(3) Please note that percentages of ownership set forth in this column were
calculated based on the number of Shares stated to be outstanding as of
October 16, 2008 by the Corporation in the Corporation's Form 10-Q filed
for the quarterly period ended September 30, 2008.
Description of Beneficial Ownership and Beneficial Owners
Barberry Corp., a Delaware corporation ("Barberry"), is the sole member of
Hopper Investments LLC, a Delaware limited liability company ("Hopper"), which
is the general partner of High River. Beckton Corp., a Delaware corporation
("Beckton") is the sole stockholder of Icahn Enterprises G.P. Inc., a Delaware
corporation ("Icahn Enterprises GP"), which is the general partner of Icahn
Enterprises Holdings L.P., a Delaware limited partnership ("Icahn Holdings").
Icahn Holdings is the sole member of IPH GP LLC, a Delaware limited liability
company ("IPH"), which is the general partner of Icahn Capital L.P., a Delaware
limited partnership ("Icahn Capital"). Icahn Capital is the general partner of
each of Icahn Onshore LP, a Delaware limited partnership ("Icahn Onshore") and
Icahn Offshore LP, a Delaware limited partnership ("Icahn Offshore"). Icahn
Onshore is the general partner of Icahn Partners. Icahn Offshore is the general
partner of each of Icahn Master, Icahn Master II and Icahn Master III. Each of
Barberry and Beckton is 100 percent owned by Carl C. Icahn ("Mr. Icahn," and
collectively with Barberry, Hopper, Beckton, Icahn Enterprises GP, Icahn
Holdings, IPH, Icahn Capital, Icahn Onshore, Icahn Offshore, the "Beneficial
Owners" and each of them a "Beneficial Owner." As such, Mr. Icahn is in a
position indirectly to determine the investment and voting decisions made by
each of the Record Holders.
The principal business address of each of (i) Icahn Offshore, Icahn
Onshore, Icahn Capital, IPH, Icahn Holdings, Icahn Enterprises GP and Beckton is
White Plains Plaza, 445 Hamilton Avenue - Suite 1210, White Plains, NY 10601 and
(ii) Mr. Icahn, Barberry and Hopper is c/o Icahn Capital LP, 767 Fifth Avenue,
47th Floor, New York, NY 10153.
Barberry is primarily engaged in the business of serving as the sole member
of Hopper and investing in securities. Hopper is primarily engaged in the
business of serving as the general partner of High River and investing in
securities. Icahn Offshore is primarily engaged in the business of serving as
the general partner of each of Icahn Master, Icahn Master II and Icahn Master
III. Icahn Onshore is primarily engaged in the business of serving as the
general partner of Icahn Partners. Icahn Capital is primarily engaged in the
business of serving as the general partner of each of Icahn Offshore and Icahn
Onshore. IPH is primarily engaged in the business of serving as the general
partner of Icahn Capital. Icahn Holdings is primarily engaged in the business of
holding direct or indirect interests in various operating businesses. Icahn
Enterprises GP is primarily engaged in the business of serving as the general
partner of each of Icahn Enterprises and Icahn Holdings. Beckton is primarily
engaged in the business of holding the capital stock of Icahn Enterprises GP.
The Record Holders and Carl C. Icahn may be deemed to beneficially own, in
the aggregate, 16,075,256 Shares, representing approximately 5.51% of the
Corporation's outstanding Shares (based upon the 291,752,825 Shares stated to be
outstanding as of October 16, 2008 by the Corporation in the Corporation's Form
10Q filed for the quarterly period ended September 30, 2008).
High River has sole voting power and sole dispositive power with regard to
3,215,051 Shares. Each of Hopper, Barberry and Mr. Icahn has shared voting power
and shared dispositive power with regard to such Shares. Icahn Partners has sole
voting power and sole dispositive power with regard to 4,532,847 Shares. Each of
Icahn Onshore, Icahn Capital, IPH, Icahn Holdings, Icahn Enterprises GP, Beckton
and Mr. Icahn has shared voting power and shared dispositive power with regard
to such Shares. Icahn Master has sole voting power and sole dispositive power
with regard to 5,888,807 Shares. Each of Icahn Offshore, Icahn Capital, IPH,
Icahn Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn has shared voting
power and shared dispositive power with regard to such Shares. Icahn Master II
has sole voting power and sole dispositive power with regard to 1,761,077
Shares. Each of Icahn Offshore, Icahn Capital, IPH, Icahn Holdings, Icahn
Enterprises GP, Beckton and Mr. Icahn has shared voting power and shared
dispositive power with regard to such Shares. Icahn Master III has sole voting
power and sole dispositive power with regard to 677,474 Shares. Each of Icahn
Offshore, Icahn Capital, IPH, Icahn Holdings, Icahn Enterprises GP, Beckton and
Mr. Icahn has shared voting power and shared dispositive power with regard to
such Shares.
Each of Hopper, Barberry and Mr. Icahn, by virtue of their relationships to
High River, may be deemed to indirectly beneficially own the 3,215,051 Shares
which High River directly beneficially owns. Each of Icahn Onshore, Icahn
Capital, IPH, Icahn Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn, by
virtue of their relationships to Icahn Partners, may be deemed to indirectly
beneficially own the 4,532,847 Shares which Icahn Partners directly beneficially
owns. Each of Icahn Offshore, Icahn Capital, IPH, Icahn Holdings, Icahn
Enterprises GP, Beckton and Mr. Icahn, by virtue of their relationships to Icahn
Master, Icahn Master II and Icahn Master III, may be deemed to indirectly
beneficially own the 8,327,358 Shares which Icahn Master, Icahn Master II and
Icahn Master III directly beneficially own.
Two Year Summary Table:
The following table indicates the date of each purchase and sale of Shares, as
well as the exercise of any call options, by Mr. Icahn and his affiliates within
the past two years, and the number of shares in each such purchase and sale, or
call option exercise.
Name Date Shares Purchased/Sold and
Call Options Exercised(4)
--------------------------------------------------------------------------------
HIGH RIVER
------------------ ---------------------------------- --------------------------
High River April 27, 2007 30,000
------------------ ---------------------------------- --------------------------
High River April 30, 2007 25,000
------------------ ---------------------------------- --------------------------
High River May 1, 2007 19,200
------------------ ---------------------------------- --------------------------
High River May 2, 2007 31,300
------------------ ---------------------------------- --------------------------
High River May 3, 2007 30,000
------------------ ---------------------------------- --------------------------
High River May 4, 2007 20,000
------------------ ---------------------------------- --------------------------
High River May 7, 2007 20
------------------ ---------------------------------- --------------------------
High River May 8, 2007 6,934
------------------ ---------------------------------- --------------------------
High River May 10, 2007 120,000
------------------ ---------------------------------- --------------------------
High River May 11, 2007 20,000
------------------ ---------------------------------- --------------------------
High River May 14, 2007 50,000
------------------ ---------------------------------- --------------------------
High River May 15, 2007 40,000
------------------ ---------------------------------- --------------------------
High River May 16, 2007 20,000
------------------ ---------------------------------- --------------------------
High River May 17, 2007 30,000
------------------ ---------------------------------- --------------------------
High River May 18, 2007 20,000
------------------ ---------------------------------- --------------------------
High River May 21, 2007 10,000
------------------ ---------------------------------- --------------------------
High River May 22, 2007 17,149
------------------ ---------------------------------- --------------------------
High River May 24, 2007 106,000
------------------ ---------------------------------- --------------------------
High River May 25, 2007 56,286
------------------ ---------------------------------- --------------------------
High River May 29, 2007 43,111
------------------ ---------------------------------- --------------------------
High River August 24, 2007 941,470 (5)
------------------ ---------------------------------- --------------------------
High River August 24, 2007 943,952 (6)
------------------ ---------------------------------- --------------------------
High River September 6, 2007 (147,100)
------------------ ---------------------------------- --------------------------
High River September 7, 2007 (55,240)
------------------ ---------------------------------- --------------------------
High River September 10, 2007 (2,098)
------------------ ---------------------------------- --------------------------
High River September 25, 2007 (109,000)
------------------ ---------------------------------- --------------------------
High River September 26, 2007 (60,530)
------------------ ---------------------------------- --------------------------
High River October 16, 2007 (64,020)
------------------ ---------------------------------- --------------------------
High River October 16, 2007 (67,046)
------------------ ---------------------------------- --------------------------
High River December 13, 2007 500,000
------------------ ---------------------------------- --------------------------
High River December 13, 2007 59,793
------------------ ---------------------------------- --------------------------
High River December 18, 2007 (113,660)
------------------ ---------------------------------- --------------------------
High River December 19, 2007 (107,207)
------------------ ---------------------------------- --------------------------
High River December 19, 2007 (46,133)
------------------ ---------------------------------- --------------------------
High River December 20, 2007 (160,000)
------------------ ---------------------------------- --------------------------
High River December 21, 2007 (124,000)
------------------ ---------------------------------- --------------------------
High River December 24, 2007 (108,793)
------------------ ---------------------------------- --------------------------
High River December 24, 2007 (11,207)
------------------ ---------------------------------- --------------------------
High River January 24, 2008 33,000
------------------ ---------------------------------- --------------------------
High River January 25, 2008 390,000
------------------ ---------------------------------- --------------------------
High River August 1, 2008 180,000
------------------ ---------------------------------- --------------------------
High River August 1, 2008 541,600
------------------ ---------------------------------- --------------------------
High River August 4, 2008 100,000
------------------ ---------------------------------- --------------------------
High River August 5, 2008 4,900
------------------ ---------------------------------- --------------------------
High River August 6, 2008 39,280
------------------ ---------------------------------- --------------------------
High River August 7, 2008 50,000
------------------ ---------------------------------- --------------------------
High River August 8, 2008 7,680
------------------ ---------------------------------- --------------------------
High River August 11, 2008 620
------------------ ---------------------------------- --------------------------
High River August 11, 2008 91,000
------------------ ---------------------------------- --------------------------
High River October 28, 2008 (340,000)
------------------ ---------------------------------- --------------------------
High River October 29, 2008 (225,000)
------------------ ---------------------------------- --------------------------
High River December 2, 2008 54,300
------------------ ---------------------------------- --------------------------
High River December 3, 2008 62,133
------------------ ---------------------------------- --------------------------
High River December 4, 2008 131,153
------------------ ---------------------------------- --------------------------
High River December 5, 2008 30,204
--------------------------------------------------------------------------------
ICAHN PARTNERS
--------------------------------------------------------------------------------
Icahn Partners April 27, 2007 38,293
------------------ ---------------------------------- --------------------------
Icahn Partners April 30, 2007 31,911
------------------ ---------------------------------- --------------------------
Icahn Partners May 1, 2007 24,186
------------------ ---------------------------------- --------------------------
Icahn Partners May 2, 2007 39,817
------------------ ---------------------------------- --------------------------
Icahn Partners May 3, 2007 38,165
------------------ ---------------------------------- --------------------------
Icahn Partners May 4, 2007 25,442
------------------ ---------------------------------- --------------------------
Icahn Partners May 7, 2007 26
------------------ ---------------------------------- --------------------------
Icahn Partners May 8, 2007 8,820
------------------ ---------------------------------- --------------------------
Icahn Partners May 10, 2007 152,654
------------------ ---------------------------------- --------------------------
Icahn Partners May 11, 2007 25,442
------------------ ---------------------------------- --------------------------
Icahn Partners May 14, 2007 63,606
------------------ ---------------------------------- --------------------------
Icahn Partners May 15, 2007 50,885
------------------ ---------------------------------- --------------------------
Icahn Partners May 16, 2007 25,443
------------------ ---------------------------------- --------------------------
Icahn Partners May 17, 2007 38,163
------------------ ---------------------------------- --------------------------
Icahn Partners May 18, 2007 25,443
------------------ ---------------------------------- --------------------------
Icahn Partners May 21, 2007 12,721
------------------ ---------------------------------- --------------------------
Icahn Partners May 22, 2007 21,815
------------------ ---------------------------------- --------------------------
Icahn Partners May 24, 2007 134,930
------------------ ---------------------------------- --------------------------
Icahn Partners May 25, 2007 71,611
------------------ ---------------------------------- --------------------------
Icahn Partners May 29, 2007 54,848
------------------ ---------------------------------- --------------------------
Icahn Partners August 24, 2007 1,218,780 (7)
------------------ ---------------------------------- --------------------------
Icahn Partners August 24, 2007 1,214,776 (8)
------------------ ---------------------------------- --------------------------
Icahn Partners September 7, 2007 (54,463)
------------------ ---------------------------------- --------------------------
Icahn Partners September 10, 2007 (2,878)
------------------ ---------------------------------- --------------------------
Icahn Partners September 25, 2007 (149,338)
------------------ ---------------------------------- --------------------------
Icahn Partners September 26, 2007 (83,068)
------------------ ---------------------------------- --------------------------
Icahn Partners October 16, 2007 (22,510)
------------------ ---------------------------------- --------------------------
Icahn Partners December 13, 2007 754,630
------------------ ---------------------------------- --------------------------
Icahn Partners December 13, 2007 367,948
------------------ ---------------------------------- --------------------------
Icahn Partners December 18, 2007 (171,544)
------------------ ---------------------------------- --------------------------
Icahn Partners December 19, 2007 (196,404)
------------------ ---------------------------------- --------------------------
Icahn Partners December 19, 2007 (35,027)
------------------ ---------------------------------- --------------------------
Icahn Partners December 20, 2007 (241,481)
------------------ ---------------------------------- --------------------------
Icahn Partners December 21, 2007 (187,148)
------------------ ---------------------------------- --------------------------
Icahn Partners December 24, 2007 (181,111)
------------------ ---------------------------------- --------------------------
Icahn Partners January 24, 2008 34,982
------------------ ---------------------------------- --------------------------
Icahn Partners January 25, 2008 585,855
------------------ ---------------------------------- --------------------------
Icahn Partners August 1, 2008 287,915
------------------ ---------------------------------- --------------------------
Icahn Partners August 1, 2008 1,108,403
------------------ ---------------------------------- --------------------------
Icahn Partners August 4, 2008 159,953
------------------ ---------------------------------- --------------------------
Icahn Partners August 5, 2008 7,013
------------------ ---------------------------------- --------------------------
Icahn Partners August 6, 2008 62,819
------------------ ---------------------------------- --------------------------
Icahn Partners August 7, 2008 79,965
------------------ ---------------------------------- --------------------------
Icahn Partners August 8, 2008 12,282
------------------ ---------------------------------- --------------------------
Icahn Partners August 11, 2008 992
------------------ ---------------------------------- --------------------------
Icahn Partners August 11, 2008 145,534
------------------ ---------------------------------- --------------------------
Icahn Partners October 28, 2008 (866,819)
------------------ ---------------------------------- --------------------------
Icahn Partners October 29, 2008 (336,851)
------------------ ---------------------------------- --------------------------
Icahn Partners December 4, 2008 92,838
------------------ ---------------------------------- --------------------------
Icahn Partners December 5, 2008 42,583
--------------------------------------------------------------------------------
ICAHN MASTER
------------------ ---------------------------------- --------------------------
Icahn Master April 27, 2007 55,094
------------------ ---------------------------------- --------------------------
Icahn Master April 30, 2007 45,911
------------------ ---------------------------------- --------------------------
Icahn Master May 1, 2007 36,875
------------------ ---------------------------------- --------------------------
Icahn Master May 2, 2007 58,162
------------------ ---------------------------------- --------------------------
Icahn Master May 3, 2007 55,738
------------------ ---------------------------------- --------------------------
Icahn Master May 4, 2007 37,163
------------------ ---------------------------------- --------------------------
Icahn Master May 7, 2007 38
------------------ ---------------------------------- --------------------------
Icahn Master May 8, 2007 12,883
------------------ ---------------------------------- --------------------------
Icahn Master May 10, 2007 222,979
------------------ ---------------------------------- --------------------------
Icahn Master May 11, 2007 37,163
------------------ ---------------------------------- --------------------------
Icahn Master May 14, 2007 92,908
------------------ ---------------------------------- --------------------------
Icahn Master May 15, 2007 74,327
------------------ ---------------------------------- --------------------------
Icahn Master May 16, 2007 37,163
------------------ ---------------------------------- --------------------------
Icahn Master May 17, 2007 55,744
------------------ ---------------------------------- --------------------------
Icahn Master May 18, 2007 37,164
------------------ ---------------------------------- --------------------------
Icahn Master May 21, 2007 18,581
------------------ ---------------------------------- --------------------------
Icahn Master May 22, 2007 31,866
------------------ ---------------------------------- --------------------------
Icahn Master May 24, 2007 196,907
------------------ ---------------------------------- --------------------------
Icahn Master May 25, 2007 104,585
------------------ ---------------------------------- --------------------------
Icahn Master May 29, 2007 80,102
------------------ ---------------------------------- --------------------------
Icahn Master August 24, 2007 1,776,777 (9)
------------------ ---------------------------------- --------------------------
Icahn Master August 24, 2007 1,747,975 (10)
------------------ ---------------------------------- --------------------------
Icahn Master September 6, 2007 (405,705)
------------------ ---------------------------------- --------------------------
Icahn Master September 7, 2007 (114,462)
------------------ ---------------------------------- --------------------------
Icahn Master September 10, 2007 (3,789)
------------------ ---------------------------------- --------------------------
Icahn Master September 25, 2007 (197,537)
------------------ ---------------------------------- --------------------------
Icahn Master September 26, 2007 (109,329)
------------------ ---------------------------------- --------------------------
Icahn Master October 16, 2007 (170,708)
------------------ ---------------------------------- --------------------------
Icahn Master October 16, 2007 (169,108)
------------------ ---------------------------------- --------------------------
Icahn Master December 13, 2007 862,247
------------------ ---------------------------------- --------------------------
Icahn Master December 13, 2007 209,093
------------------ ---------------------------------- --------------------------
Icahn Master December 18, 2007 (196,006)
------------------ ---------------------------------- --------------------------
Icahn Master December 19, 2007 (13,087)
------------------ ---------------------------------- --------------------------
Icahn Master December 19, 2007 (251,347)
------------------ ---------------------------------- --------------------------
Icahn Master December 20, 2007 (275,919)
------------------ ---------------------------------- --------------------------
Icahn Master December 21, 2007 (213,838)
------------------ ---------------------------------- --------------------------
Icahn Master December 24, 2007 (121,143)
------------------ ---------------------------------- --------------------------
Icahn Master December 24, 2007 (80,102)
------------------ ---------------------------------- --------------------------
Icahn Master December 24, 2007 (5,694)
------------------ ---------------------------------- --------------------------
Icahn Master January 24, 2008 85,509
------------------ ---------------------------------- --------------------------
Icahn Master January 25, 2008 677,871
------------------ ---------------------------------- --------------------------
Icahn Master August 1, 2008 293,286
------------------ ---------------------------------- --------------------------
Icahn Master August 1, 2008 611,947
------------------ ---------------------------------- --------------------------
Icahn Master August 4, 2008 162,937
------------------ ---------------------------------- --------------------------
Icahn Master August 5, 2008 9,307
------------------ ---------------------------------- --------------------------
Icahn Master August 6, 2008 64,018
------------------ ---------------------------------- --------------------------
Icahn Master August 7, 2008 81,488
------------------ ---------------------------------- --------------------------
Icahn Master August 8, 2008 12,518
------------------ ---------------------------------- --------------------------
Icahn Master August 11, 2008 1,010
------------------ ---------------------------------- --------------------------
Icahn Master August 11, 2008 148,309
------------------ ---------------------------------- --------------------------
Icahn Master October 28, 2008 (259,138)
------------------ ---------------------------------- --------------------------
Icahn Master October 29, 2008 (387,686)
------------------ ---------------------------------- --------------------------
Icahn Master December 2, 2008 217,200
------------------ ---------------------------------- --------------------------
Icahn Master December 3, 2008 244,430
------------------ ---------------------------------- --------------------------
Icahn Master December 4, 2008 310,807
------------------ ---------------------------------- --------------------------
Icahn Master December 5, 2008 55,323
--------------------------------------------------------------------------------
ICAHN MASTER II
------------------ ---------------------------------- --------------------------
Icahn Master II April 27, 2007 19,109
------------------ ---------------------------------- --------------------------
Icahn Master II April 30, 2007 15,923
------------------ ---------------------------------- --------------------------
Icahn Master II May 1, 2007 11,656
------------------ ---------------------------------- --------------------------
Icahn Master II May 2, 2007 19,693
------------------ ---------------------------------- --------------------------
Icahn Master II May 3, 2007 18,876
------------------ ---------------------------------- --------------------------
Icahn Master II May 4, 2007 12,584
------------------ ---------------------------------- --------------------------
Icahn Master II May 7, 2007 12
------------------ ---------------------------------- --------------------------
Icahn Master II May 8, 2007 4,363
------------------ ---------------------------------- --------------------------
Icahn Master II May 10, 2007 75,504
------------------ ---------------------------------- --------------------------
Icahn Master II May 11, 2007 12,584
------------------ ---------------------------------- --------------------------
Icahn Master II May 14, 2007 31,461
------------------ ---------------------------------- --------------------------
Icahn Master II May 15, 2007 25,167
------------------ ---------------------------------- --------------------------
Icahn Master II May 16, 2007 12,585
------------------ ---------------------------------- --------------------------
Icahn Master II May 17, 2007 18,876
------------------ ---------------------------------- --------------------------
Icahn Master II May 18, 2007 12,584
------------------ ---------------------------------- --------------------------
Icahn Master II May 21, 2007 6,292
------------------ ---------------------------------- --------------------------
Icahn Master II May 22, 2007 10,790
------------------ ---------------------------------- --------------------------
Icahn Master II May 24, 2007 66,766
------------------ ---------------------------------- --------------------------
Icahn Master II May 25, 2007 35,422
------------------ ---------------------------------- --------------------------
Icahn Master II May 29, 2007 27,131
------------------ ---------------------------------- --------------------------
Icahn Master II August 24, 2007 566,437 (11)
------------------ ---------------------------------- --------------------------
Icahn Master II August 24, 2007 583,382 (12)
------------------ ---------------------------------- --------------------------
Icahn Master II September 6, 2007 (132,473)
------------------ ---------------------------------- --------------------------
Icahn Master II September 7, 2007 (37,752)
------------------ ---------------------------------- --------------------------
Icahn Master II September 10, 2007 (1,250)
------------------ ---------------------------------- --------------------------
Icahn Master II September 25, 2007 (64,548)
------------------ ---------------------------------- --------------------------
Icahn Master II September 26, 2007 (36,077)
------------------ ---------------------------------- --------------------------
Icahn Master II October 16, 2007 (62,115)
------------------ ---------------------------------- --------------------------
Icahn Master II October 16, 2007 (55,546)
------------------ ---------------------------------- --------------------------
Icahn Master II December 13, 2007 277,956
------------------ ---------------------------------- --------------------------
Icahn Master II December 13, 2007 45,129
------------------ ---------------------------------- --------------------------
Icahn Master II December 18, 2007 (18,055)
------------------ ---------------------------------- --------------------------
Icahn Master II December 18, 2007 (45,129)
------------------ ---------------------------------- --------------------------
Icahn Master II December 19, 2007 (85,243)
------------------ ---------------------------------- --------------------------
Icahn Master II December 20, 2007 (88,947)
------------------ ---------------------------------- --------------------------
Icahn Master II December 21, 2007 (68,933)
------------------ ---------------------------------- --------------------------
Icahn Master II December 24, 2007 (16,778)
------------------ ---------------------------------- --------------------------
Icahn Master II December 24, 2007 (27,131)
------------------ ---------------------------------- --------------------------
Icahn Master II December 24, 2007 (22,801)
------------------ ---------------------------------- --------------------------
Icahn Master II January 24, 2008 7,764
------------------ ---------------------------------- --------------------------
Icahn Master II January 25, 2008 214,839
------------------ ---------------------------------- --------------------------
Icahn Master II August 1, 2008 100,573
------------------ ---------------------------------- --------------------------
Icahn Master II August 1, 2008 322,181
------------------ ---------------------------------- --------------------------
Icahn Master II August 4, 2008 55,873
------------------ ---------------------------------- --------------------------
Icahn Master II August 5, 2008 2,419
------------------ ---------------------------------- --------------------------
Icahn Master II August 6, 2008 21,943
------------------ ---------------------------------- --------------------------
Icahn Master II August 7, 2008 27,932
------------------ ---------------------------------- --------------------------
Icahn Master II August 8, 2008 4,291
------------------ ---------------------------------- --------------------------
Icahn Master II August 11, 2008 346
------------------ ---------------------------------- --------------------------
Icahn Master II August 11, 2008 50,836
------------------ ---------------------------------- --------------------------
Icahn Master II October 28, 2008 (170,073)
------------------ ---------------------------------- --------------------------
Icahn Master II October 29, 2008 (127,108)
------------------ ---------------------------------- --------------------------
Icahn Master II December 4, 2008 85,212
------------------ ---------------------------------- --------------------------
Icahn Master II December 5, 2008 16,545
------------------ ---------------------------------- --------------------------
ICAHN MASTER III
------------------ ---------------------------------- --------------------------
Icahn Master III April 27, 2007 7,504
------------------ ---------------------------------- --------------------------
Icahn Master III April 30, 2007 6,255
------------------ ---------------------------------- --------------------------
Icahn Master III May 1, 2007 4,083
------------------ ---------------------------------- --------------------------
Icahn Master III May 2, 2007 7,528
------------------ ---------------------------------- --------------------------
Icahn Master III May 3, 2007 7,221
------------------ ---------------------------------- --------------------------
Icahn Master III May 4, 2007 4,811
------------------ ---------------------------------- --------------------------
Icahn Master III May 7, 2007 4
------------------ ---------------------------------- --------------------------
Icahn Master III May 8, 2007 1,668
------------------ ---------------------------------- --------------------------
Icahn Master III May 10, 2007 28,863
------------------ ---------------------------------- --------------------------
Icahn Master III May 11, 2007 4,811
------------------ ---------------------------------- --------------------------
Icahn Master III May 14, 2007 12,025
------------------ ---------------------------------- --------------------------
Icahn Master III May 15, 2007 9,621
------------------ ---------------------------------- --------------------------
Icahn Master III May 16, 2007 4,809
------------------ ---------------------------------- --------------------------
Icahn Master III May 17, 2007 7,217
------------------ ---------------------------------- --------------------------
Icahn Master III May 18, 2007 4,809
------------------ ---------------------------------- --------------------------
Icahn Master III May 21, 2007 2,406
------------------ ---------------------------------- --------------------------
Icahn Master III May 22, 2007 4,125
------------------ ---------------------------------- --------------------------
Icahn Master III May 24, 2007 25,397
------------------ ---------------------------------- --------------------------
Icahn Master III May 25, 2007 13,529
------------------ ---------------------------------- --------------------------
Icahn Master III May 29, 2007 10,362
------------------ ---------------------------------- --------------------------
Icahn Master III August 24, 2007 213,810 (13)
------------------ ---------------------------------- --------------------------
Icahn Master III August 24, 2007 219,750 (14)
------------------ ---------------------------------- --------------------------
Icahn Master III September 6, 2007 (50,222)
------------------ ---------------------------------- --------------------------
Icahn Master III September 7, 2007 (14,283)
------------------ ---------------------------------- --------------------------
Icahn Master III September 10, 2007 (473)
------------------ ---------------------------------- --------------------------
Icahn Master III September 25, 2007 (24,577)
------------------ ---------------------------------- --------------------------
Icahn Master III September 26, 2007 (13,647)
------------------ ---------------------------------- --------------------------
Icahn Master III October 16, 2007 (23,257)
------------------ ---------------------------------- --------------------------
Icahn Master III October 16, 2007 (21,021)
------------------ ---------------------------------- --------------------------
Icahn Master III December 13, 2007 105,167
------------------ ---------------------------------- --------------------------
Icahn Master III December 13, 2007 17,002
------------------ ---------------------------------- --------------------------
Icahn Master III December 18, 2007 (6,904)
------------------ ---------------------------------- --------------------------
Icahn Master III December 18, 2007 (17,002)
------------------ ---------------------------------- --------------------------
Icahn Master III December 19, 2007 (32,252)
------------------ ---------------------------------- --------------------------
Icahn Master III December 20, 2007 (33,653)
------------------ ---------------------------------- --------------------------
Icahn Master III December 21, 2007 (26,081)
------------------ ---------------------------------- --------------------------
Icahn Master III December 24, 2007 (6,277)
------------------ ---------------------------------- --------------------------
Icahn Master III December 24, 2007 (10,362)
------------------ ---------------------------------- --------------------------
Icahn Master III December 24, 2007 (8,601)
------------------ ---------------------------------- --------------------------
Icahn Master III January 24, 2008 3,745
------------------ ---------------------------------- --------------------------
Icahn Master III January 25, 2008 81,435
------------------ ---------------------------------- --------------------------
Icahn Master III August 1, 2008 38,226
------------------ ---------------------------------- --------------------------
Icahn Master III August 1, 2008 123,869
------------------ ---------------------------------- --------------------------
Icahn Master III August 4, 2008 21,237
------------------ ---------------------------------- --------------------------
Icahn Master III August 5, 2008 861
------------------ ---------------------------------- --------------------------
Icahn Master III August 6, 2008 8,340
------------------ ---------------------------------- --------------------------
Icahn Master III August 7, 2008 10,615
------------------ ---------------------------------- --------------------------
Icahn Master III August 8, 2008 1,629
------------------ ---------------------------------- --------------------------
Icahn Master III August 11, 2008 132
------------------ ---------------------------------- --------------------------
Icahn Master III August 11, 2008 19,321
------------------ ---------------------------------- --------------------------
Icahn Master III October 28, 2008 (63,970)
------------------ ---------------------------------- --------------------------
Icahn Master III October 29, 2008 (48,355)
------------------ ---------------------------------- --------------------------
Icahn Master III December 3, 2008 4,103
------------------ ---------------------------------- --------------------------
Icahn Master III December 4, 2008 35,757
------------------ ---------------------------------- --------------------------
Icahn Master III December 5, 2008 6,364
------------------ ---------------------------------- --------------------------
Shares purchased by each of the Record Holders are maintained in margin accounts
that include positions in securities in addition to the Shares. As of February
5, 2009, the indebtedness of the margin account of each of High River, Icahn
Partners, Icahn Master, Icahn Master II and Icahn Master III was approximately
$221,517,364, $15,564,879, $91,359,838, $25,510,273, and $4,687,492,
respectively.
_________________________
(4) Sales of Shares in this column are indicated by the use of a parenthetical.
(5) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
(6) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
(7) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
(8) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
(9) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
(10) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
(11) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
(12) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
(13) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
(14) The Record Holder acquired these Shares upon exercise of call options as
described on Attachment I-A to this Annex A.
ANNEX A
Attachment 1-A
American call options purchased by the Record Holders were written by UBS AG and
had a $31.50 strike price, expiration date of November 26, 2008, and provided
for physical settlement (unless the Record Holder opted for a cash settlement)
are further described in the chart set forth below. On August 24, 2007, the
Record Holders exercised all of the call options described in the chart below.
Name Date Number of Option
Shares Subject Premium ($)
to Option
--------------------------------------------------------------------------------
HIGH RIVER
--------------------------------------------------------------------------------
High River May 29, 2007 50,000 872,885.00
--------------------------------------------------------------------------------
High River May 31, 2007 85,760 1,772,050.30
--------------------------------------------------------------------------------
High River June 1, 2007 74,000 1,532,014.60
--------------------------------------------------------------------------------
High River June 4, 2007 40,000 822,144.00
--------------------------------------------------------------------------------
High River June 8, 2007 81,151 1,619,295.17
--------------------------------------------------------------------------------
High River June 11, 2007 20,000 399,928.00
--------------------------------------------------------------------------------
High River June 12, 2007 27,765 543,258.32
--------------------------------------------------------------------------------
High River June 13, 2007 54,976 1,088,150.96
--------------------------------------------------------------------------------
High River June 14, 2007 40,000 796,540.00
--------------------------------------------------------------------------------
High River June 27, 2007 43,600 936,092.00
--------------------------------------------------------------------------------
High River June 28, 2007 100,000 2,203,950.00
--------------------------------------------------------------------------------
High River June 29, 2007 100,000 2,203,370.00
--------------------------------------------------------------------------------
High River July 2, 2007 53,100 1,164,259.98
--------------------------------------------------------------------------------
High River July 9, 2007 25,400 587,283.56
--------------------------------------------------------------------------------
High River July 10, 2007 11,200 258,709.92
--------------------------------------------------------------------------------
High River July 16, 2007 50,000 1,197,000.00
--------------------------------------------------------------------------------
High River July 17, 2007 87,000 2,058,367.80
--------------------------------------------------------------------------------
ICAHN PARTNERS
--------------------------------------------------------------------------------
Icahn Partners May 29, 2007 63,614 1,110,554.13
--------------------------------------------------------------------------------
Icahn Partners May 31, 2007 109,109 2,254,508.36
--------------------------------------------------------------------------------
Icahn Partners June 1, 2007 97,229 2,012,922.26
--------------------------------------------------------------------------------
Icahn Partners June 4, 2007 50,954 1,047,288.13
--------------------------------------------------------------------------------
Icahn Partners June 8, 2007 103,652 2,068,282.37
--------------------------------------------------------------------------------
Icahn Partners June 11, 2007 25,514 510,188.15
--------------------------------------------------------------------------------
Icahn Partners June 12, 2007 35,420 693,038.35
--------------------------------------------------------------------------------
Icahn Partners June 13, 2007 70,134 1,388,176.29
--------------------------------------------------------------------------------
Icahn Partners June 14, 2007 51,030 1,016,185.91
--------------------------------------------------------------------------------
Icahn Partners June 27, 2007 55,631 1,194,397.57
--------------------------------------------------------------------------------
Icahn Partners June 28, 2007 127,574 2,811,667.17
--------------------------------------------------------------------------------
Icahn Partners June 29, 2007 127,574 2,810,927.24
--------------------------------------------------------------------------------
Icahn Partners July 2, 2007 64,783 1,420,419.10
--------------------------------------------------------------------------------
Icahn Partners July 9, 2007 46,401 1,072,856.08
--------------------------------------------------------------------------------
Icahn Partners July 10, 2007 14,370 331,934.07
--------------------------------------------------------------------------------
Icahn Partners July 16, 2007 64,157 1,535,918.58
--------------------------------------------------------------------------------
Icahn Partners July 17, 2007 111,634 2,641,193.46
------------------ -------------------------------------------------------------
ICAHN MASTER
------------------ -------------------------------------------------------------
Icahn Master May 29, 2007 92,903 1,621,872.70
--------------------------------------------------------------------------------
Icahn Master May 31, 2007 159,347 3,292,571.13
--------------------------------------------------------------------------------
Icahn Master June 1, 2007 152,205 3,151,084.89
--------------------------------------------------------------------------------
Icahn Master June 4, 2007 75,113 1,543,842.56
--------------------------------------------------------------------------------
Icahn Master June 8, 2007 152,235 3,037,712.41
--------------------------------------------------------------------------------
Icahn Master June 11, 2007 37,492 749,705.03
--------------------------------------------------------------------------------
Icahn Master June 12, 2007 52,047 1,018,367.22
--------------------------------------------------------------------------------
Icahn Master June 13, 2007 103,056 2,039,808.02
--------------------------------------------------------------------------------
Icahn Master June 14, 2007 74,984 1,493,193.88
--------------------------------------------------------------------------------
Icahn Master June 27, 2007 81,792 1,756,074.24
--------------------------------------------------------------------------------
Icahn Master June 28, 2007 187,463 4,131,590.79
--------------------------------------------------------------------------------
Icahn Master June 29, 2007 187,464 4,130,525.54
--------------------------------------------------------------------------------
Icahn Master July 2, 2007 110,439 2,421,463.43
---------------------------------------------------------------- ---------------
Icahn Master July 9, 2007 32,806 758,520.65
---------------------------------------------------------------- ---------------
Icahn Master July 10, 2007 20,966 484,295.73
---------------------------------------------------------------- ---------------
Icahn Master July 16, 2007 93,601 2,240,807.94
---------------------------------------------------------------- ---------------
Icahn Master July 17, 2007 162,864 3,853,264.52
--------------------------------------------------------------------------------
ICAHN MASTER II
--------------------------------------------------------------------------------
Icahn Master II May 29, 2007 31,465 549,306.53
--------------------------------------------------------------------------------
Icahn Master II May 31, 2007 53,972 1,115,218.04
--------------------------------------------------------------------------------
Icahn Master II June 1, 2007 34,144 706,879.82
--------------------------------------------------------------------------------
Icahn Master II June 4, 2007 24,577 505,145.83
--------------------------------------------------------------------------------
Icahn Master II June 8, 2007 49,762 992,955.92
--------------------------------------------------------------------------------
Icahn Master II June 11, 2007 12,308 246,115.69
--------------------------------------------------------------------------------
Icahn Master II June 12, 2007 17,085 334,290.24
--------------------------------------------------------------------------------
Icahn Master II June 13, 2007 33,830 669,603.96
--------------------------------------------------------------------------------
Icahn Master II June 14, 2007 24,614 490,150.89
--------------------------------------------------------------------------------
Icahn Master II June 27, 2007 26,772 574,794.84
--------------------------------------------------------------------------------
Icahn Master II June 28, 2007 61,531 1,356,112.47
--------------------------------------------------------------------------------
Icahn Master II June 29, 2007 61,530 1,355,733.56
--------------------------------------------------------------------------------
Icahn Master II July 2, 2007 27,772 608,923.32
--------------------------------------------------------------------------------
Icahn Master II July 9, 2007 16,307 377,040.67
--------------------------------------------------------------------------------
Icahn Master II July 10, 2007 6,860 158,459.83
--------------------------------------------------------------------------------
Icahn Master II July 16, 2007 30,623 733,114.62
--------------------------------------------------------------------------------
Icahn Master II July 17, 2007 53,285 1,260,691.13
--------------------------------------------------------------------------------
ICAHN MASTER III
--------------------------------------------------------------------------------
Icahn Master III May 29, 2007 12,018 209,806.64
--------------------------------------------------------------------------------
Icahn Master III May 31, 2007 20,612 425,903.69
--------------------------------------------------------------------------------
Icahn Master III June 1, 2007 12,422 257,171.42
--------------------------------------------------------------------------------
Icahn Master III June 4, 2007 9,356 192,299.48
--------------------------------------------------------------------------------
Icahn Master III June 8, 2007 18,953 378,190.06
--------------------------------------------------------------------------------
Icahn Master III June 11, 2007 4,686 93,703.13
--------------------------------------------------------------------------------
Icahn Master III June 12, 2007 6,507 127,317.91
--------------------------------------------------------------------------------
Icahn Master III June 13, 2007 12,883 254,995.80
--------------------------------------------------------------------------------
Icahn Master III June 14, 2007 9,372 186,629.32
--------------------------------------------------------------------------------
Icahn Master III June 27, 2007 10,205 219,101.35
--------------------------------------------------------------------------------
Icahn Master III June 28, 2007 23,432 516,429.56
--------------------------------------------------------------------------------
Icahn Master III June 29, 2007 23,432 516,293.66
--------------------------------------------------------------------------------
Icahn Master III July 2, 2007 9,406 206,234.07
--------------------------------------------------------------------------------
Icahn Master III July 9, 2007 6,086 140,716.84
--------------------------------------------------------------------------------
Icahn Master III July 10, 2007 2,604 60,150.06
--------------------------------------------------------------------------------
Icahn Master III July 16, 2007 11,619 278,158.86
--------------------------------------------------------------------------------
Icahn Master III July 17, 2007 20,217 478,322.09
--------------------------------------------------------------------------------
American call options purchased by the Record Holders were written by Merrill
Lynch International and had a $35.50 strike price, expiration date of November
26, 2008, and provided for physical settlement (unless the Record Holder opted
for a cash settlement) are further described in the chart set forth below. On
August 24, 2007, the Record Holders exercised all of the call options described
in the chart below.
Name Date Number of Option
Shares Subject Premium ($)
to Option
--------------------------------------------------------------------------------
HIGH RIVER
--------------------------------------------------------------------------------
High River July 10, 2007 102,929 1,965,665.99
--------------------------------------------------------------------------------
High River July 11, 2007 30,536 582,388.70
--------------------------------------------------------------------------------
High River July 12, 2007 57,192 1,100,545.66
--------------------------------------------------------------------------------
High River July 18, 2007 200,000 3,795,760.00
--------------------------------------------------------------------------------
High River July 19, 2007 159,233 3,082,320.95
--------------------------------------------------------------------------------
High River July 20, 2007 71,580 1,377,929.32
--------------------------------------------------------------------------------
High River July 23, 2007 120,000 2,290,056.00
--------------------------------------------------------------------------------
High River July 31, 2007 94,969 1,978,356.22
--------------------------------------------------------------------------------
High River August 1, 2007 105,031 2,213,633.36
--------------------------------------------------------------------------------
ICAHN PARTNERS
--------------------------------------------------------------------------------
Icahn Partners July 10, 2007 132,074 2,522,256.80
--------------------------------------------------------------------------------
Icahn Partners July 18, 2007 256,627 4,870,472.51
--------------------------------------------------------------------------------
Icahn Partners July 19, 2007 204,318 3,955,044.82
--------------------------------------------------------------------------------
Icahn Partners July 20, 2007 91,847 1,768,073.12
--------------------------------------------------------------------------------
Icahn Partners July 23, 2007 153,977 2,938,466.27
--------------------------------------------------------------------------------
Icahn Partners July 31, 2007 121,987 2,541,184.39
--------------------------------------------------------------------------------
Icahn Partners August 1, 2007 141,380 2,979,724.88
--------------------------------------------------------------------------------
ICAHN MASTER
--------------------------------------------------------------------------------
Icahn Master July 10, 2007 192,685 3,679,763.25
--------------------------------------------------------------------------------
Icahn Master July 11, 2007 57,163 1,090,224.17
--------------------------------------------------------------------------------
Icahn Master July 12, 2007 107,064 2,060,232.55
--------------------------------------------------------------------------------
Icahn Master July 18, 2007 374,402 7,105,700.68
--------------------------------------------------------------------------------
Icahn Master July 19, 2007 298,086 5,770,140.13
--------------------------------------------------------------------------------
Icahn Master July 20, 2007 133,999 2,579,507.55
--------------------------------------------------------------------------------
Icahn Master July 23, 2007 224,640 4,286,984.83
--------------------------------------------------------------------------------
Icahn Master July 31, 2007 177,800 3,703,858.48
--------------------------------------------------------------------------------
Icahn Master August 1, 2007 182,136 3,838,698.34
--------------------------------------------------------------------------------
ICAHN MASTER II
--------------------------------------------------------------------------------
Icahn Master II July 10, 2007 63,042 1,203,931.99
--------------------------------------------------------------------------------
Icahn Master II July 11, 2007 18,702 356,688.28
--------------------------------------------------------------------------------
Icahn Master II July 12, 2007 35,029 674,063.05
--------------------------------------------------------------------------------
Icahn Master II July 18, 2007 122,495 2,324,808.11
--------------------------------------------------------------------------------
Icahn Master II July 19, 2007 97,526 1,887,840.04
--------------------------------------------------------------------------------
Icahn Master II July 20, 2007 43,842 843,967.27
--------------------------------------------------------------------------------
Icahn Master II July 23, 2007 73,498 1,402,621.13
--------------------------------------------------------------------------------
Icahn Master II July 31, 2007 58,078 1,209,857.66
--------------------------------------------------------------------------------
Icahn Master II August 1, 2007 71,170 1,499,978.92
--------------------------------------------------------------------------------
ICAHN MASTER III
--------------------------------------------------------------------------------
Icahn Master III July 10, 2007 23,917 456,750.12
--------------------------------------------------------------------------------
Icahn Master III July 11, 2007 7,097 135,355.40
--------------------------------------------------------------------------------
Icahn Master III July 12, 2007 13,290 255,739.47
--------------------------------------------------------------------------------
Icahn Master III July 18, 2007 46,476 882,058.71
--------------------------------------------------------------------------------
Icahn Master III July 19, 2007 37,004 716,297.53
--------------------------------------------------------------------------------
Icahn Master III July 20, 2007 16,632 320,169.33
--------------------------------------------------------------------------------
Icahn Master III July 23, 2007 27,885 532,151.76
--------------------------------------------------------------------------------
Icahn Master III July 31, 2007 22,013 458,566.01
--------------------------------------------------------------------------------
Icahn Master III August 1, 2007 25,436 536,089.14
--------------------------------------------------------------------------------
ANNEX A
Attachment 1-B
European put options bought by the Record Holders were written by UBS AG and had
a $31.50 strike price, expiration date of November 26, 2008, and provided for
cash settlement only are further described in the chart set forth below. All of
the put options described below expired on August 24, 2007.
Name Date Number of Option
Shares Subject Premium ($)
to Option
--------------------------------------------------------------------------------
HIGH RIVER
--------------------------------------------------------------------------------
High River May 29, 2007 50,000 500.00
--------------------------------------------------------------------------------
High River May 31, 2007 85,760 857.60
--------------------------------------------------------------------------------
High River June 1, 2007 74,000 740.00
--------------------------------------------------------------------------------
High River June 4, 2007 40,000 400.00
--------------------------------------------------------------------------------
High River June 8, 2007 81,151 811.51
--------------------------------------------------------------------------------
High River June 11, 2007 20,000 200.00
--------------------------------------------------------------------------------
High River June 12, 2007 27,765 277.65
--------------------------------------------------------------------------------
High River June 13, 2007 54,976 549.76
--------------------------------------------------------------------------------
High River June 14, 2007 40,000 400.00
--------------------------------------------------------------------------------
High River June 27, 2007 43,600 436.00
--------------------------------------------------------------------------------
High River June 28, 2007 100,000 1,000.00
--------------------------------------------------------------------------------
High River June 29, 2007 100,000 1,000.00
--------------------------------------------------------------------------------
High River July 2, 2007 53,100 531.00
--------------------------------------------------------------------------------
High River July 9, 2007 25,400 254.00
--------------------------------------------------------------------------------
High River July 10, 2007 11,200 112.00
--------------------------------------------------------------------------------
High River July 16, 2007 50,000 500.00
--------------------------------------------------------------------------------
High River July 17, 2007 87,000 870.00
--------------------------------------------------------------------------------
ICAHN PARTNERS
--------------------------------------------------------------------------------
Icahn Partners May 29, 2007 63,614 636.14
--------------------------------------------------------------------------------
Icahn Partners May 31, 2007 109,109 1,091.09
--------------------------------------------------------------------------------
Icahn Partners June 1, 2007 97,229 972.29
--------------------------------------------------------------------------------
Icahn Partners June 4, 2007 50,954 509.54
--------------------------------------------------------------------------------
Icahn Partners June 8, 2007 103,652 1,036.52
--------------------------------------------------------------------------------
Icahn Partners June 11, 2007 25,514 255.14
--------------------------------------------------------------------------------
Icahn Partners June 12, 2007 35,420 354.20
--------------------------------------------------------------------------------
Icahn Partners June 13, 2007 70,134 701.34
--------------------------------------------------------------------------------
Icahn Partners June 14, 2007 51,030 510.30
--------------------------------------------------------------------------------
Icahn Partners June 27, 2007 55,631 556.31
--------------------------------------------------------------------------------
Icahn Partners June 28, 2007 127,574 1,275.74
--------------------------------------------------------------------------------
Icahn Partners June 29, 2007 127,574 1,275.74
--------------------------------------------------------------------------------
Icahn Partners July 2, 2007 64,783 647.83
--------------------------------------------------------------------------------
Icahn Partners July 9, 2007 46,401 464.01
--------------------------------------------------------------------------------
Icahn Partners July 10, 2007 14,370 143.70
--------------------------------------------------------------------------------
Icahn Partners July 16, 2007 64,157 641.57
--------------------------------------------------------------------------------
Icahn Partners July 17, 2007 111,634 1,116.34
--------------------------------------------------------------------------------
ICAHN MASTER
--------------------------------------------------------------------------------
Icahn Master May 29, 2007 92,903 929.03
--------------------------------------------------------------------------------
Icahn Master May 31, 2007 159,347 1,593.47
--------------------------------------------------------------------------------
Icahn Master June 1, 2007 152,205 1,522.05
--------------------------------------------------------------------------------
Icahn Master June 4, 2007 75,113 751.13
--------------------------------------------------------------------------------
Icahn Master June 8, 2007 152,235 1,522.35
--------------------------------------------------------------------------------
Icahn Master June 11, 2007 37,492 374.92
--------------------------------------------------------------------------------
Icahn Master June 12, 2007 52,047 520.47
--------------------------------------------------------------------------------
Icahn Master June 13, 2007 103,056 1,030.56
--------------------------------------------------------------------------------
Icahn Master June 14, 2007 74,984 749.84
--------------------------------------------------------------------------------
Icahn Master June 27, 2007 81,792 817.92
--------------------------------------------------------------------------------
Icahn Master June 28, 2007 187,463 1,874.63
--------------------------------------------------------------------------------
Icahn Master June 29, 2007 187,464 1,874.64
--------------------------------------------------------------------------------
Icahn Master July 2, 2007 110,439 1,104.39
--------------------------------------------------------------------------------
Icahn Master July 9, 2007 32,806 328.06
--------------------------------------------------------------------------------
Icahn Master July 10, 2007 20,966 209.66
--------------------------------------------------------------------------------
Icahn Master July 16, 2007 93,601 936.01
--------------------------------------------------------------------------------
Icahn Master July 17, 2007 162,864 1,628.64
--------------------------------------------------------------------------------
ICAHN MASTER II
--------------------------------------------------------------------------------
Icahn Master II May 29, 2007 31,465 314.65
--------------------------------------------------------------------------------
Icahn Master II May 31, 2007 53,972 539.72
--------------------------------------------------------------------------------
Icahn Master II June 1, 2007 34,144 341.44
--------------------------------------------------------------------------------
Icahn Master II June 4, 2007 24,577 245.77
--------------------------------------------------------------------------------
Icahn Master II June 8, 2007 49,762 497.62
--------------------------------------------------------------------------------
Icahn Master II June 11, 2007 12,308 123.08
--------------------------------------------------------------------------------
Icahn Master II June 12, 2007 17,085 170.85
--------------------------------------------------------------------------------
Icahn Master II June 13, 2007 33,830 338.30
--------------------------------------------------------------------------------
Icahn Master II June 14, 2007 24,614 246.14
--------------------------------------------------------------------------------
Icahn Master II June 27, 2007 26,772 267.72
--------------------------------------------------------------------------------
Icahn Master II June 28, 2007 61,531 615.31
--------------------------------------------------------------------------------
Icahn Master II June 29, 2007 61,530 615.30
--------------------------------------------------------------------------------
Icahn Master II July 2, 2007 27,772 277.72
--------------------------------------------------------------------------------
Icahn Master II July 9, 2007 16,307 163.07
--------------------------------------------------------------------------------
Icahn Master II July 10, 2007 6,860 68.60
--------------------------------------------------------------------------------
Icahn Master II July 16, 2007 30,623 306.23
--------------------------------------------------------------------------------
Icahn Master II July 17, 2007 53,285 532.85
--------------------------------------------------------------------------------
ICAHN MASTER III
--------------------------------------------------------------------------------
Icahn Master III May 29, 2007 12,018 120.18
--------------------------------------------------------------------------------
Icahn Master III May 31, 2007 20,612 206.12
--------------------------------------------------------------------------------
Icahn Master III June 1, 2007 12,422 124.22
--------------------------------------------------------------------------------
Icahn Master III June 4, 2007 9,356 93.56
--------------------------------------------------------------------------------
Icahn Master III June 8, 2007 18,953 189.53
--------------------------------------------------------------------------------
Icahn Master III June 11, 2007 4,686 46.86
--------------------------------------------------------------------------------
Icahn Master III June 12, 2007 6,507 65.07
--------------------------------------------------------------------------------
Icahn Master III June 13, 2007 12,883 128.83
--------------------------------------------------------------------------------
Icahn Master III June 14, 2007 9,372 93.72
--------------------------------------------------------------------------------
Icahn Master III June 27, 2007 10,205 102.05
--------------------------------------------------------------------------------
Icahn Master III June 28, 2007 23,432 234.32
--------------------------------------------------------------------------------
Icahn Master III June 29, 2007 23,432 234.32
--------------------------------------------------------------------------------
Icahn Master III July 2, 2007 9,406 94.06
--------------------------------------------------------------------------------
Icahn Master III July 9, 2007 6,086 60.86
--------------------------------------------------------------------------------
Icahn Master III July 10, 2007 2,604 26.04
--------------------------------------------------------------------------------
Icahn Master III July 16, 2007 11,619 116.19
--------------------------------------------------------------------------------
Icahn Master III July 17, 2007 20,217 202.17
--------------------------------------------------------------------------------
European put options bought by the Record Holders were written by Merrill Lynch
International and had a $35.50 strike price, expiration date of November 26,
2008, and provided for cash settlement only are further described in the chart
set forth below. All of the put options described below expired on August 24,
2007.
Name Date Number of Option
Shares Subject Premium ($)
to Option
--------------------------------------------------------------------------------
HIGH RIVER
--------------------------------------------------------------------------------
High River July 10, 2007 102,929 1,029.29
--------------------------------------------------------------------------------
High River July 11, 2007 30,536 305.36
--------------------------------------------------------------------------------
High River July 12, 2007 57,192 571.92
--------------------------------------------------------------------------------
High River July 18, 2007 200,000 2,000.00
--------------------------------------------------------------------------------
High River July 19, 2007 159,233 1,592.33
--------------------------------------------------------------------------------
High River July 20, 2007 71,580 715.80
--------------------------------------------------------------------------------
High River July 23, 2007 120,000 1,200.00
--------------------------------------------------------------------------------
High River July 31, 2007 94,969 949.69
--------------------------------------------------------------------------------
High River August 1, 2007 105,031 1,050.31
--------------------------------------------------------------------------------
ICAHN PARTNERS
--------------------------------------------------------------------------------
Icahn Partners July 10, 2007 132,074 1,320.74
--------------------------------------------------------------------------------
Icahn Partners July 11, 2007 39,181 391.81
--------------------------------------------------------------------------------
Icahn Partners July 12, 2007 73,385 733.85
--------------------------------------------------------------------------------
Icahn Partners July 18, 2007 256,627 2,566.27
--------------------------------------------------------------------------------
Icahn Partners July 19, 2007 204,318 2,043.18
--------------------------------------------------------------------------------
Icahn Partners July 20, 2007 91,847 918.47
--------------------------------------------------------------------------------
Icahn Partners July 23, 2007 153,977 1,539.77
--------------------------------------------------------------------------------
Icahn Partners July 31, 2007 121,987 1,219.87
--------------------------------------------------------------------------------
Icahn Partners August 1, 2007 141,380 1,413.80
--------------------------------------------------------------------------------
ICAHN MASTER
--------------------------------------------------------------------------------
Icahn Master July 10, 2007 192,685 1,926.85
--------------------------------------------------------------------------------
Icahn Master July 11, 2007 57,163 571.63
--------------------------------------------------------------------------------
Icahn Master July 12, 2007 107,064 1,070.64
--------------------------------------------------------------------------------
Icahn Master July 18, 2007 374,402 3,744.02
--------------------------------------------------------------------------------
Icahn Master July 19, 2007 298,086 2,980.86
--------------------------------------------------------------------------------
Icahn Master July 20, 2007 133,999 1,339.99
--------------------------------------------------------------------------------
Icahn Master July 23, 2007 224,640 2,246.40
--------------------------------------------------------------------------------
Icahn Master July 31, 2007 177,800 1,778.00
--------------------------------------------------------------------------------
Icahn Master August 1, 2007 182,136 1,821.36
--------------------------------------------------------------------------------
ICAHN MASTER II
--------------------------------------------------------------------------------
Icahn Master II July 10, 2007 63,042 630.42
--------------------------------------------------------------------------------
Icahn Master II July 11, 2007 18,702 187.02
--------------------------------------------------------------------------------
Icahn Master II July 12, 2007 35,029 350.29
--------------------------------------------------------------------------------
Icahn Master II July 18, 2007 122,495 1,224.95
--------------------------------------------------------------------------------
Icahn Master II July 19, 2007 97,526 975.26
--------------------------------------------------------------------------------
Icahn Master II July 20, 2007 43,842 438.42
--------------------------------------------------------------------------------
Icahn Master II July 23, 2007 73,498 734.98
--------------------------------------------------------------------------------
Icahn Master II July 31, 2007 58,078 580.78
--------------------------------------------------------------------------------
Icahn Master II August 1, 2007 71,170 711.70
--------------------------------------------------------------------------------
ICAHN MASTER III
--------------------------------------------------------------------------------
Icahn Master III July 10, 2007 23,917 239.17
--------------------------------------------------------------------------------
Icahn Master III July 11, 2007 7,097 70.97
--------------------------------------------------------------------------------
Icahn Master III July 12, 2007 13,290 132.90
--------------------------------------------------------------------------------
Icahn Master III July 18, 2007 46,476 464.76
--------------------------------------------------------------------------------
Icahn Master III July 19, 2007 37,004 370.04
--------------------------------------------------------------------------------
Icahn Master III July 20, 2007 16,632 166.32
--------------------------------------------------------------------------------
Icahn Master III July 23, 2007 27,885 278.85
--------------------------------------------------------------------------------
Icahn Master III July 31, 2007 22,013 220.13
--------------------------------------------------------------------------------
Icahn Master III August 1, 2007 25,436 254.36
--------------------------------------------------------------------------------
ANNEX B
Attachment 1
Information about Nominees
Name: Alexander J. Denner, Ph.D.
Age: 39
Business Icahn Associates Corp.,767 Fifth Avenue, 47th Floor
Address: New York, NY 10153
Residence 565 Stanwich Road
Address: Greenwich, CT 06831
Principal Occupation See below
or Employment:
Citizenship: United States of America
Dr. Denner has an interest in the election of directors at the Annual
Meeting pursuant to the Nominee Agreement attached hereto as Annex E and
indirectly through Dr. Denner's profit interests and capital accounts in the
Funds (as defined below), as described below. Other than in respect of such
profit interests and capital accounts (to the extent applicable), Dr. Denner
does not own, beneficially or of record, any shares of capital stock of the
Corporation.
In connection with his employment by Mr. Icahn and his affiliated
companies, Dr. Denner, among other employees, has a participatory interest in
the profits and fees derived by Mr. Icahn and/or his affiliates from Icahn
Partners, Icahn Master, Icahn Master II and Icahn Master III (together, the
"Funds"). Because only a portion of such profit interests are distributed, Dr.
Denner also has capital accounts in the Funds. In the aggregate, Dr. Denner's
profit interests and capital accounts in the Funds entitle him to less than 2%
of the profits generated by the Funds.
Dr. Denner serves as Managing Director of entities affiliated with Carl C.
Icahn, including Icahn Partners, Icahn Master, Icahn Master II and Icahn Master
III. Icahn Partners, Icahn Master, Icahn Master II and Icahn Master III are
private investment funds. Dr. Denner has served in this position since August
2006. From April 2005 to May 2006, Dr. Denner served as a portfolio manager
specializing in healthcare investments for Viking Global Investors. Previously,
he served in a variety of roles at Morgan Stanley, beginning in 1996, including
as portfolio manager of healthcare and biotechnology mutual funds. Dr. Denner
was the chairman of the Executive Committee of the Board of Directors of ImClone
Systems Incorporated, a publicly traded biopharmaceutical company, and a
director of ImClone Systems Incorporated from April 2006 until the company was
purchased in December 2008. In addition, Dr. Denner has served as a director of
Adventrx Pharmaceuticals Inc., a publicly traded biopharmaceutical company since
October 2006. Dr. Denner received his S.B. degree from the Massachusetts
Institute of Technology and his M.S., M.Phil., and Ph.D. degrees from Yale
University.
ANNEX B
Attachment 2
Information about Nominees
Name: Thomas F. Deuel, M.D.
Age: 73
Business The Scripps Research Institute, MEM 268
Address: 10550 North Torrey Pines Road
La Jolla, CA 92037
Residence 2123 De Mayo Road
Address: Del Mar, CA 92014
Principal Occupation See below
or Employment:
Citizenship: United States of America
Dr. Deuel does not own, beneficially or of record, any shares of capital
stock of the Corporation. Dr. Deuel has an interest in the election of directors
at the Annual Meeting pursuant to the Nominee Agreement attached hereto as Annex
E.
Since February 2002, Thomas F. Deuel, M.D., has served as a Professor of
Molecular and Experimental Medicine and Cell Biology, Director of the Division
of Molecular Oncology, Department of Molecular and Experimental Medicine, and
Director of the Vascular Biology Affinity Group at The Scripps Research
Institute. Also, since 1998, Dr. Deuel has served as a Professor of Medicine at
Harvard Medical School. He is currently a Professor Emeritus at Harvard Medical
School. In addition, from 1996 to 2002, Dr. Deuel served as a Director, Division
of Growth Regulation at Beth Israel Hospital, Boston, Massachusetts and, prior
to that, was a Professor of Medicine and Biochemistry and the head of Oncology
Services at the Washington University School of Medicine, St. Louis, Missouri.
He is a member of the Institute of Medicine at the National Academy of Sciences.
Dr. Deuel is also President of the Edward R. Mallinckrodt Foundation, St. Louis,
Missouri. He has served on various editorial boards, including the Journal of
Clinical Investigation and Blood, and currently is on the Editorial Board of
Current Opinion in Hematology and Section Editor for Vascular Biology. Dr. Deuel
has served and continues to serve on numerous scientific advisory boards for
various companies, including scientific advisory board of Imclone Systems
Incorporated, a publicly traded biopharmaceutical company, during the existence
of such board (from 1988 to 2001). From July 2007 to December 2008, Dr. Deuel
served on Imclone's board of directors. Dr. Deuel has earned many professional
honors and awards and holds an M.D. from Columbia University and an A.B. from
Princeton University.
ANNEX B
Attachment 3
Information about Nominees
Name: Dr. David Sidransky
Age: 48
Business Johns Hopkins University - Cancer Research Building II
Address: 1550 Orleans Street, Suite 503
Baltimore, MD 21231
Residence 7800 Seven Mile Lane
Address: Baltimore, MD 21208
Principal Occupation See below
or Employment:
Citizenship: United States of America
Dr. Sidransky does not own, beneficially or of record, any shares of
capital stock of the Corporation. Dr. Sidransky has an interest in the election
of directors at the Annual Meeting pursuant to the Nominee Agreement attached
hereto as Annex E.
Dr. Sidransky served as a director of ImClone Systems Inc., a biotechnology
company, between January 2004 and November 2008. Dr. Sidransky is the Director
of the Head and Neck Cancer Research Division at Johns Hopkins University School
of Medicine. He is a founder of several private biotechnology companies and has
served on scientific advisory boards of many private and publicly traded
companies, including MedImmune Inc., Telik Inc., Roche, and Amgen Inc. Dr.
Sidransky is also a director of Alfacell Inc. He was formerly on the Board of
Scientific Counselors at the National Institute of Dental and Craniofacial
Research and a member of the Recombinant DNA Advisory Committee at the National
Institute of Health. Dr. Sidransky serves on numerous editorial boards and is
Senior Editor of Clinical Cancer Research. In addition, he is a Professor of
Oncology, Otolaryngology-Head and Neck Surgery, Cellular & Molecular Medicine,
Urology, Genetics, and Pathology at Johns Hopkins University and Hospital. Dr.
Sidransky is certified in Internal Medicine and Medical Oncology by the American
Board of Medicine. He has over 390 peer-reviewed publications, and has
contributed more than 60 cancer reviews and chapters and also has numerous
issued biotechnology patents. He has been the recipient of many awards and
honors, including the 1997 Sarstedt International Prize from the German Society
of Clinical Chemistry, the 1998 Alton Ochsner Award Relating Smoking and Health
by the American College of Chest Physicians and the 2004 Hinda and Richard
Rosenthal Award from the American Association of Cancer Research. Dr. Sidransky
is also the Chairman of the Board of Directors of Champions Biotechnology, Inc.
Dr. Sidransky received his B.A. from Brandeis University and his M.D. from the
Baylor College of Medicine.
ANNEX B
Attachment 4
Information about Nominees
Name: Dr. Richard C. Mulligan
Age: 54
Business Harvard GeneTherapy Initiative
Address: Harvard Institutes of Medicine, Suite 407
4 Blackfan Circle
Boston, MA 02115
Residence 35 Foster Street
Address: Cambridge, MA 02138
Principal Occupation See below
or Employment:
Citizenship: United States of America
Dr. Mulligan does not own, beneficially or of record, any shares of capital
stock of the Corporation. Dr. Mulligan has an interest in the election of
directors at the Annual Meeting pursuant to the Nominee Agreement attached
hereto as Annex E.
Dr. Mulligan is the Mallinckrodt Professor of Genetics at Harvard Medical
School, and Director of the Harvard Gene Therapy Initiative. Dr. Mulligan
received his B.S. degree from the Massachusetts Institute of Technology, and his
Ph.D. from the Department of Biochemistry at Stanford University School of
Medicine. After receiving postdoctoral training at the Center for Cancer
Research at MIT, Dr. Mulligan joined the MIT faculty and subsequently was
appointed Professor of Molecular Biology and Member of the Whitehead Institute
for Biomedical Research before moving to Children's Hospital and Harvard in
1996. His honors include the MacArthur Foundation Prize, the Rhodes Memorial
Award of the American Association for Cancer Research, the ASMB-Amgen Award, and
the Nagai Foundation International Prize. Dr. Mulligan has been associated with
a number of biotechnology companies, including Somatix Therapy Corporation (as
founder and member of the Scientific Advisory Board and Board of Directors, and
Chief Scientific Officer), Cell Genesys (as member of the Scientific Advisory
Board) and ImClone, where he served on the Scientific Advisory Board and has
been a Director and member of the Executive Committee since September 2006. He
has also served on the National Institutes of Health's Recombinant DNA Advisory
Committee and on the U.S. Food and Drug Administration Biological Response
Modifiers Advisory Committee.
ANNEX C
The written consent of each Nominee to being named as a nominee for election as
a director of the Corporation and to serve as a director if elected is attached
to this Annex C. If the Corporation requests original signed statements of
consents, the Record Holders will provide them.
ANNEX C
Attachment 1
CONSENT OF NOMINEE
The undersigned hereby consents to being named as a nominee for election as a
director of Biogen Idec Inc. (the "Company"), in the proxy statement to be filed
with the Securities and Exchange Commission and distributed to stockholders of
the Company by High River Limited Partnership ("High River"), Icahn Partners LP
("Icahn Partners"), Icahn Partners Master Fund LP ("Icahn Master"), Icahn
Partners Master Fund II LP ("Icahn Master II"), Icahn Partners Master Fund III
LP ("Icahn Master III", and collectively with High River, Icahn Partners, Icahn
Master and Icahn Master II, the "Record Holders") and in other materials in
connection with the solicitation of proxies by the Record Holders from
stockholders of the Company to be voted at the 2009 annual meeting of
stockholders of the Company and any adjournment thereof, and further consents to
serve as a director of the Company, if elected.
Dated: February 5, 2009
/s/ Alexander J. Denner
-----------------------
Name: Alexander J. Denner
ANNEX C
Attachment 2
CONSENT OF NOMINEE
The undersigned hereby consents to being named as a nominee for election as a
director of Biogen Idec Inc. (the "Company"), in the proxy statement to be filed
with the Securities and Exchange Commission and distributed to stockholders of
the Company by High River Limited Partnership ("High River"), Icahn Partners LP
("Icahn Partners"), Icahn Partners Master Fund LP ("Icahn Master"), Icahn
Partners Master Fund II LP ("Icahn Master II"), Icahn Partners Master Fund III
LP ("Icahn Master III", and collectively with High River, Icahn Partners, Icahn
Master and Icahn Master II, the "Record Holders") and in other materials in
connection with the solicitation of proxies by the Record Holders from
stockholders of the Company to be voted at the 2009 annual meeting of
stockholders of the Company and any adjournment thereof, and further consents to
serve as a director of the Company, if elected.
Dated: February 5, 2009
/s/ Thomas F. Deuel
--------------------
Name: Thomas F. Deuel
ANNEX C
Attachment 3
CONSENT OF NOMINEE
The undersigned hereby consents to being named as a nominee for election as a
director of Biogen Idec Inc. (the "Company"), in the proxy statement to be filed
with the Securities and Exchange Commission and distributed to stockholders of
the Company by High River Limited Partnership ("High River"), Icahn Partners LP
("Icahn Partners"), Icahn Partners Master Fund LP ("Icahn Master"), Icahn
Partners Master Fund II LP ("Icahn Master II"), Icahn Partners Master Fund III
LP ("Icahn Master III", and collectively with High River, Icahn Partners, Icahn
Master and Icahn Master II, the "Record Holders") and in other materials in
connection with the solicitation of proxies by the Record Holders from
stockholders of the Company to be voted at the 2009 annual meeting of
stockholders of the Company and any adjournment thereof, and further consents to
serve as a director of the Company, if elected.
Dated: February 5, 2009
/s/ Dr. David Sidransky
-----------------------
Name: Dr. David Sidransky
ANNEX C
Attachment 4
CONSENT OF NOMINEE
The undersigned hereby consents to being named as a nominee for election as a
director of Biogen Idec Inc. (the "Company"), in the proxy statement to be filed
with the Securities and Exchange Commission and distributed to stockholders of
the Company by High River Limited Partnership ("High River"), Icahn Partners LP
("Icahn Partners"), Icahn Partners Master Fund LP ("Icahn Master"), Icahn
Partners Master Fund II LP ("Icahn Master II"), Icahn Partners Master Fund III
LP ("Icahn Master III", and collectively with High River, Icahn Partners, Icahn
Master and Icahn Master II, the "Record Holders") and in other materials in
connection with the solicitation of proxies by the Record Holders from
stockholders of the Company to be voted at the 2009 annual meeting of
stockholders of the Company and any adjournment thereof, and further consents to
serve as a director of the Company, if elected.
Dated: February 5, 2009
/s/ Dr. Richard C. Mulligan
---------------------------
Name: Dr. Richard C. Mulligan
ANNEX D
The Director Nominee Representation and Agreement, executed by each of the
Nominees is attached to this Annex D. If the Corporation requests original
signed agreements of the Director Nominee Representation and Agreement, the
Record Holders will provide them.
DIRECTOR NOMINEE REPRESENTATION AND AGREEMENT
Reference is made to the Second Amended and Restated Bylaws of Biogen Idec Inc.
(the "Company") adopted as of October 13, 2008 (the "Bylaws"), which require
that, in order to be eligible to be a nominee for election or reelection as a
director of the Company, a person must timely deliver a representation and
agreement in compliance with the Bylaws (capitalized terms used but not defined
herein shall have the meanings ascribed thereto in the Bylaws).
1. The undersigned, in order to be eligible to be a nominee for election or
reelection as a director of the Company, does hereby represent and warrant
that the undersigned:
a. is not a party to (i) a Voting Commitment that has not been disclosed
to the Company or (ii) any Voting Commitment that could limit or
interfere with the undersigned's ability to comply, if elected as a
director of the Company, with the undersigned's fiduciary duties under
applicable law;
b. is not a party to any agreement, arrangement or understanding with any
person or entity other than the Company with respect to any direct or
indirect compensation, reimbursement or indemnification in connection
with service or action as a director that has not been disclosed to
the Company; and
c. would be in compliance, in the undersigned's individual capacity and
on behalf of any person or entity on whose behalf the undersigned's
nomination is being made, if elected as a director of the Company,
with applicable law and all applicable publicly disclosed corporate
governance, conflict of interest, confidentiality and stock ownership
and trading policies and guidelines of the Company, including, without
limitation, the Company's Code of Business Conduct, the Company's
Corporate Governance Principles and the Company's Comprehensive
Compliance Program.
2. The undersigned does hereby further covenant and agree that the
undersigned:
a. will not become a party to (i) a Voting Commitment that has not been
disclosed to the Company or (ii) any Voting Commitment that could
limit or interfere with the undersigned's ability to comply, if
elected as a director of the Company, with the undersigned's fiduciary
duties under applicable law;
b. will not become a party to any agreement, arrangement or understanding
with any person or entity other than the Company with respect to any
direct or indirect compensation, reimbursement or indemnification in
connection with service or action as a director that has not been
disclosed to the Company; and
c. will comply, in the undersigned's individual capacity and on behalf of
any person or entity on whose behalf the undersigned's nomination is
being made, with applicable law and all applicable publicly disclosed
corporate governance, conflict of interest, confidentiality and stock
ownership and trading policies and guidelines of the Company,
including, without limitation, the Company's Code of Business Conduct,
the Company's Corporate Governance Principles and the Company's
Comprehensive Compliance Program.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has duly executed this Director Nominee
Representation and Agreement as of the 5th day of February, 2009.
/s/ Dr. Alexander Denner
------------------------
Name: Dr. Alexander Denner
/s/ Dr. Richard C. Mulligan
---------------------------
Name: Dr. Richard C. Mulligan
/s/ Thomas F. Deuel
--------------------
Name: Thomas F. Deuel
/s/ Dr. David Sidransky
-----------------------
Name: Dr. David Sidransky
ANNEX E
Attached to this Annex E is the form of agreement pursuant to which the Record
Holders have agreed to pay certain fees to certain of the Nominees and to
indemnify such Nominees with respect to certain costs incurred by such Nominees
in connection with the proxy contest relating to the Annual Meeting.
HIGH RIVER LIMITED PARTNERSHIP
ICAHN PARTNERS LP
ICAHN PARTNERS MASTER FUND LP
ICAHN PARTNERS MASTER FUND II LP
ICAHN PARTNERS MASTER FUND III LP
February 5, 2009
Dear ___________:
This will confirm our understanding as follows:
You agree that you are willing, should we so elect, to become a member of a
slate of nominees (the "Slate") to stand for election as directors of Biogen
Idec Inc. ("Biogen") in connection with a proxy contest with management of
Biogen in respect of the election of directors of Biogen at the 2009 Annual
Meeting of Stockholders of Biogen (the "Annual Meeting"), expected to be held in
the Spring of 2009, or a special meeting of stockholders of Biogen called for a
similar purpose (the "Proxy Contest").
High River Limited Partnership, Icahn Partners LP, Icahn Partners Master
Fund LP, Icahn Partners Master Fund II LP and Icahn Partners Master Fund III LP
(collectively, "Icahn"), agree to pay the costs of the Proxy Contest.
In addition, upon our filing of a preliminary proxy statement with the SEC,
which indicates that Icahn intends to nominate you for election at the Annual
Meeting, you will be paid $25,000 by Icahn unless you are elected to serve as a
director of Biogen at the Annual Meeting or a special meeting of stockholders of
Biogen called for a similar purpose or in connection with a settlement of the
Proxy Contest by Icahn and Biogen, in which case you will not receive any
payment from Icahn in connection with the Proxy Contest. Payment to you pursuant
to this paragraph, if any, will be made by Icahn, subject to the terms hereof,
upon the earliest of (i) the certification of the results of the election in
respect of the Proxy Contest, (ii) the settlement of the Proxy Contest by Icahn
and Biogen, or (iii) the withdrawal of the Proxy Contest by Icahn.*
_________________________
* This paragraph is not contained in Dr. Denner's Nominee Agreement.
You understand that it may be difficult, if not impossible, to replace
nominees who, such as yourself, have agreed to serve on the Slate and later
change their minds and determine not to seek election. Accordingly, the Slate is
relying upon your agreement to seek election. In that connection, you are being
supplied with a questionnaire in which you will provide Icahn with information
necessary for Icahn to make appropriate disclosure both to Biogen and for use in
creating the proxy material to be sent to stockholders of Biogen and to be filed
with the Securities and Exchange Commission. You have agreed that (i) you will
immediately complete and sign the questionnaire and return it to Andrew N.
Langham, Assistant General Counsel, Icahn Enterprises LP, 767 Fifth Avenue,
Suite 4700, New York, NY 10153, Tel: (212) 702-4382, Fax: (212) 688-1158, Email:
alangham@sfire.com and (ii) your responses to the questions contained therein
will be true and correct in all respects. In addition, you have agreed that,
concurrently with your execution of this letter, you will execute the attached
instrument directed to Biogen informing Biogen that you consent to being
nominated by Icahn for election as a director of Biogen and, if elected, consent
to serving as a director of Biogen. Upon being notified that we have chosen you,
we may forward that consent and your completed questionnaire (or summaries
thereof) to Biogen.
Icahn hereby agrees that, so long as you actually serve on the Slate, Icahn
will defend, indemnify and hold you harmless from and against any and all
losses, damages, penalties, judgments, awards, liabilities, costs, expenses and
disbursements (including, without limitation, reasonable attorneys' fees, costs,
expenses and disbursements) incurred by you in the event that (i) you become a
party, or are threatened to be made a party, to any civil, criminal,
administrative or arbitrative action, suit or proceeding, and any appeal thereof
relating solely to your role as a nominee for director of Biogen on the Slate (a
"Proceeding") or (ii) you are called to testify or give a deposition in any
Proceeding (whether or not you are a party or are threatened to be made a party
to such Proceeding), including, in each case, the advancement to you of all
reasonable attorneys' costs and expenses incurred by you in connection with any
Proceeding. Your right of indemnification hereunder shall continue (i) in the
event that Icahn determines to withdraw the Slate or remove you from the Slate
and (ii) after the election has taken place but only for events which occur
prior to such election and subsequent to the date hereof. Anything to the
contrary herein notwithstanding, Icahn is not indemnifying you for any action
taken by you or on your behalf which occurs prior to the date hereof or
subsequent to the Annual Meeting or such earlier time as you are no longer a
nominee of the Slate for election to Biogen's Board of Directors or for any
actions taken by you as a director of Biogen, if you are elected. Nothing herein
shall be construed to provide you an indemnity: (i) in the event you are found
to have engaged in a violation of any provision of state or federal law in
connection with the Proxy Contest unless you demonstrate that your action was
taken in good faith and in a manner you reasonably believed to be in or not
opposed to the best interests of electing the Slate; or (ii) if you acted in a
manner which constitutes gross negligence or willful misconduct. In the event
that you shall make any claim for indemnification hereunder, you shall promptly
notify Icahn in the event of any third-party claims actually made against you or
known by you to be threatened. In addition, with respect to any such claim,
Icahn shall be entitled to control your defense with counsel chosen by Icahn.
Icahn shall not be responsible for any settlement of any claim against you
covered by this indemnity without its prior written consent. However, Icahn may
not enter into any settlement of any such claim without your consent unless such
settlement includes a release of you from any and all liability in respect of
such claim.
Each of us recognizes that should you be elected to the Board of Directors
of Biogen all of your activities and decisions as a director will be governed by
applicable law and subject to your fiduciary duty to the stockholders of Biogen
and, as a result, that there is, and can be, no agreement between you and Icahn
which governs the decisions which you will make as a director of Biogen.
Should the foregoing agree with your understanding, please so indicate in
the space provided below, whereupon this letter will become a binding agreement
between us.
Very truly yours,
HIGH RIVER LIMITED PARTNERSHIP
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS LP
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND LP
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND II LP
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND III LP
By: __________________________
Name: Edward E. Mattner
Title: Authorized Signatory
Agreed to and Accepted as of the date first above written:
--------------------------
Name: