OMB
APPROVAL
OMB
Number:
3235-0145
Expires:
February 28. 2009
Estimated
average burden
hours
per
response
15
|
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
|
||||||||
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
|
||||||||
(Amendment
No.
)*
|
||||||||
Dice
Holdings, Inc.
|
||||||||
(Name
of Issuer)
|
||||||||
Common
Stock, par value $.01 per share
|
||||||||
(Title
of Class of Securities)
|
||||||||
253017107
|
||||||||
(CUSIP
Number)
|
||||||||
Michael
Bertisch
QCP
GP Investors II LLC
375
Park Avenue
New
York, New York 10152
(212)
418-1700
|
||||||||
(Name,
Address and Telephone Number of Person Authorized to
Receive
Notices and Communications)
|
||||||||
February
19, 2008
|
||||||||
(Date
of Event which Requires Filing of this Statement)
|
||||||||
If
the filing person has previously filed a statement on Schedule 13G
to
report the acquisition that is the subject of this Schedule 13D,
and is
filing this schedule because of §§240.13d-1(e), 240.13d-l(f) or
240.13d-l(g), check the following box. o
|
||||||||
*The
remainder of this cover page shall be filled out for a reporting
person’s
initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information
which
would alter disclosures provided in a prior cover page.
|
||||||||
The
information required on the remainder of this cover page shall not
be
deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions
of
the Act (however, see the Notes).
|
||||||||
CUSIP No. |
253017107
|
1
|
NAME
OF REPORTING PERSONS
QCP
GP Investors II LLC
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
|
o
x
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS (See Instructions)
WC
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d)
or 2(e)
|
o
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON
WITH
|
7
|
SOLE
VOTING POWER
21,086,936
|
8
|
SHARED
VOTING POWER
|
|
9
|
SOLE
DISPOSITIVE POWER
21,086,936
|
|
10
|
SHARED
DISPOSITIVE POWER
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,086,936
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See
Instructions)
See Item 5 and Item 6
|
x
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.0%
|
|
14
|
TYPE
OF REPORTING PERSON (See Instructions)
OO
|
CUSIP No. |
253017107
|
1
|
NAME
OF REPORTING PERSONS
Quadrangle
GP Investors II LP
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
|
o
x
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS (See Instructions)
WC
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d)
or 2(e)
|
o
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON
WITH
|
7
|
SOLE
VOTING POWER
21,086,936
|
8
|
SHARED
VOTING POWER
|
|
9
|
SOLE
DISPOSITIVE POWER
21,086,936
|
|
10
|
SHARED
DISPOSITIVE POWER
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,086,936
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See
Instructions)
See Item 5 and Item 6
|
x
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.0%
|
|
14
|
TYPE
OF REPORTING PERSON (See Instructions)
PN
|
CUSIP No. |
253017107
|
1
|
NAME
OF REPORTING PERSONS
Quadrangle
Capital Partners II LP
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
|
o
x
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS (See Instructions)
WC
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d)
or 2(e)
|
o
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON
WITH
|
7
|
SOLE
VOTING POWER
18,166,539
|
8
|
SHARED
VOTING POWER
|
|
9
|
SOLE
DISPOSITIVE POWER
18,166,539
|
|
10
|
SHARED
DISPOSITIVE POWER
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,166,539
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See
Instructions)
See Item 5 and Item 6
|
x
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.3%
|
|
14
|
TYPE
OF REPORTING PERSON (See Instructions)
PN
|
CUSIP No. |
253017107
|
1
|
NAME
OF REPORTING PERSONS
Quadrangle
Select Partners II LP
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
|
o
x
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS (See Instructions)
WC
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d)
or 2(e)
|
o
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON
WITH
|
7
|
SOLE
VOTING POWER
527,611
|
8
|
SHARED
VOTING POWER
|
|
9
|
SOLE
DISPOSITIVE POWER
527,611
|
|
10
|
SHARED
DISPOSITIVE POWER
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
527,611
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See
Instructions)
See Item 5 and Item 6
|
x
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
|
|
14
|
TYPE
OF REPORTING PERSON (See Instructions)
PN
|
CUSIP No. |
253017107
|
1
|
NAME
OF REPORTING PERSONS
Quadrangle
Capital Partners II-A LP
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
|
o
x
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS (See Instructions)
WC
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d)
or 2(e)
|
o
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON
WITH
|
7
|
SOLE
VOTING POWER
2,350,031
|
8
|
SHARED
VOTING POWER
|
|
9
|
SOLE
DISPOSITIVE POWER
2,350,031
|
|
10
|
SHARED
DISPOSITIVE POWER
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,350,031
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See
Instructions)
See Item 5 and Item 6
|
x
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.8%
|
|
14
|
TYPE
OF REPORTING PERSON (See Instructions)
PN
|
(i)
|
Sole
power to vote or to direct the vote:
|
21,086,936
|
(ii)
|
Shared
power to vote or to direct the vote:
|
0
|
(iii)
|
Sole
power to dispose or to direct the disposition of:
|
21,086,936
|
(iv)
|
Shared
power to dispose or to direct the disposition of:
|
0
|
(i)
|
Sole
power to vote or to direct the vote:
|
21,086,936
|
(ii)
|
Shared
power to vote or to direct the vote:
|
0
|
(iii)
|
Sole
power to dispose or to direct the disposition of:
|
21,086,936
|
(iv)
|
Shared
power to dispose or to direct the disposition of:
|
0
|
(i)
|
Sole
power to vote or to direct the vote:
|
18,166,539
|
(ii)
|
Shared
power to vote or to direct the vote:
|
0
|
(iii)
|
Sole
power to dispose or to direct the disposition of:
|
18,166,539
|
(iv)
|
Shared
power to dispose or to direct the disposition of:
|
0
|
(i)
|
Sole
power to vote or to direct the vote:
|
527,611
|
(ii)
|
Shared
power to vote or to direct the vote:
|
0
|
(iii)
|
Sole
power to dispose or to direct the disposition of:
|
527,611
|
(iv)
|
Shared
power to dispose or to direct the disposition of:
|
0
|
(i)
|
Sole
power to vote or to direct the vote:
|
2,350,031
|
(ii)
|
Shared
power to vote or to direct the vote:
|
0
|
(iii)
|
Sole
power to dispose or to direct the disposition of:
|
2,350,031
|
(iv)
|
Shared
power to dispose or to direct the disposition of:
|
0
|
QCP
GP INVESTORS II LLC
|
||
By:
|
/s/
Peter Ezersky,
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|
QUADRANGLE
GP INVESTORS II LP
|
||
By:
|
QCP
GP Investors II LLC, as its General Partner
|
|
By:
|
/s/
Peter Ezersky,
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|
QUADRANGLE
CAPITAL PARTNERS II LP
|
||
By:
|
Quadrangle
GP Investors II LP, as its General Partner
|
|
By:
|
QCP
GP Investors II LLC, as its General Partner
|
|
By:
|
/s/
Peter Ezersky
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|
QUADRANGLE
SELECT PARTNERS II LP
|
||
By:
|
Quadrangle
GP Investors II LP, as its General Partner
|
|
By:
|
QCP
GP Investors II LLC, as its General Partner
|
|
By:
|
/s/
Peter Ezersky
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|
QUADRANGLE
CAPITAL PARTNERS II-A LP
|
||
By:
|
Quadrangle
GP Investors II LP, as its General Partner
|
|
By:
|
QCP
GP Investors II LLC, as its General Partner
|
|
By:
|
/s/
Peter Ezersky
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|
MORGAN
STANLEY & CO. INCORPORATED AS AGENT FOR
MORGAN
STANLEY & CO. INTERNATIONAL PLC
1585
BROADWAY
NEW
YORK, NY 10036-8293
(212)
761-4000
|
February
22, 2008
|
Trade
Date:
|
February
22, 2008
|
Seller:
|
MSI
plc
|
Buyer:
|
Counterparty
|
Shares:
|
Common
stock, par value $0.01 per share, of Dice Holdings,
Inc. (“Issuer”) (NYSE
Ticker: DHX)
|
Number
of Shares:
|
836,232
|
Initial
Price:
|
USD6.25
|
Forward
Price:
|
USD6.3685
|
Prepayment:
|
Not
Applicable
|
Variable
Obligation:
|
Not
Applicable
|
Exchange(s):
|
New
York Stock Exchange
|
Related
Exchange:
|
All
Exchanges
|
Valuation
Time:
|
The
Scheduled Closing Time on the relevant
Exchange
|
Valuation
Date:
|
September
19, 2008
|
Market
Disruption Event:
|
The
definition of “Market Disruption Event” in Section 6.3(a) of the Equity
Definitions is hereby amended by inserting the words “at any time on any
Scheduled Trading Day during the Cash Settlement Period or” after the word
“material,” in the third line thereof and deleting the language
immediately following the word “material,” and prior to the word, “be,” in
the fifth line thereof.
|
Settlement
Method Election:
|
Applicable
|
Electing
Party:
|
Counterparty
|
Settlement
Method Election Date:
|
One
Exchange Business Day before the Valuation Date.
|
Default
Settlement Method:
|
Physical
Settlement
|
Settlement
Currency:
|
USD
|
Physical
Settlement:
|
Applicable,
unless Counterparty validly elects Cash Settlement in accordance
with the
terms hereof.
|
Cash
Settlement Period:
|
The
ten consecutive Trading Days following the Valuation Date (each such
Trading Day, a “Cash Settlement
Date”).
|
Daily
Forward Cash Settlement Amount:
|
For
each Cash Settlement Date, the Daily Forward Cash Settlement Amount
shall
equal the Forward Cash Settlement Amount determined in accordance
with the
Section 8.5(c) of the Equity Definitions as if (i) the Number of
Shares
were the Daily Cash Settlement Shares and (ii) the Settlement Price
were
the Daily VWAP.
|
Daily
Cash Settlement Shares:
|
83,623
Shares
|
Daily
VWAP:
|
For
each Cash Settlement Date, a price per share (as determined by the
Calculation Agent) equal to the volume-weighted average price of
the
Shares for the entirety of such Trading Day as determined by reference
to
the screen entitled “DHX <Equity> VAP” or any successor page as
reported by Bloomberg L.P. (without regard to pre-open or after hours
trading outside of any regular trading session for such Trading Day)
on
such Trading Day.
|
Cash
Settlement Payment Dates:
|
Three
Currency Business Days following each Cash Settlement
Date.
|
Method
of Adjustment:
|
Calculation
Agent Adjustment
|
New
Shares:
|
In
the definition of “New Shares” in Section 12.1(i) of the Equity
Definitions, the text in subsection (i) shall be deleted in its entirety
and replaced with: “publicly quoted, traded or listed on any of
the New York Stock Exchange, the NASDAQ Global Select Market or the
NASDAQ
Global Market (or their respective
successors)”.
|
(a)
|
Share-for-
Share:
|
Calculation
Agent Adjustment
|
(b)
|
Share-for-
Other:
|
Cancellation
and Payment on that portion of the Other Consideration that consists
of
cash; Calculation Agent Adjustment on the remainder of the Other
Consideration
|
(c)
|
Share-for-
Combined:
|
Component
Adjustment
|
Tender
Offer:
|
Applicable;
provided that the phrase “greater than 10%” in the third line of Section
12.1(d) of the Equity Definitions is deleted and replaced with the
following: “greater than 25%”.
|
Consequences
of Tender Offers:
|
(a)
|
Share-for-Share:
|
Calculation
Agent Adjustment
|
(b)
|
Share-for-Other:
|
Cancellation
and Payment on that portion of the Other Consideration that consists
of
cash; Calculation Agent Adjustment on the remainder of the Other
Consideration
|
(c)
|
Share-for-Combined:
|
Component
Adjustment
|
Composition
of Combined Consideration:
|
Not
Applicable
|
Nationalization,
Insolvency or Delisting:
|
Cancellation
and Payment (Calculation Agent Determination). In addition to
the provisions of Section 12.6(a)(iii) of the Equity Definitions,
it will
also constitute a Delisting if the Exchange is located in the United
States and the Shares are not immediately re-listed, re-traded, or
re-quoted on any of the New York Stock Exchange, the NASDAQ Global
Select
Marked or the NASDAQ Global Market (or their respective successors);
if
the shares are immediately re-listed, re-traded, or re-quoted on
any such
exchange or quotation system, such exchange or quotation system shall
be
deemed to be the Exchange.
|
Additional
Disruption Events:
|
(a)
|
Change
in Law:
|
Not
Applicable
|
(b)
|
Failure
to Deliver:
|
Not
Applicable.
|
(c)
|
Insolvency
Filing:
|
Applicable
|
(d)
|
Hedging
Disruption:
|
Not
Applicable
|
(e)
|
Loss
of Stock Borrow:
|
Not
Applicable
|
(f)
|
Increased
Cost of Stock Borrow:
|
Not
Applicable
|
(g)
|
Increased
Cost of Hedging:
|
Not
Applicable
|
Hedging
Party:
|
For
all Additional Disruption Events, MSI plc
|
|
Determining
Party:
|
For
all Extraordinary Events, MSI
plc
|
Non-Reliance:
|
Applicable
|
Agreements
and Acknowledgements Regarding Hedging Activities:
|
Applicable
|
Additional
Acknowledgements:
|
Applicable
|
Collateral:
|
Counterparty
agrees to provide Eligible Collateral as if the parties hereto executed
a
form ISDA Credit Support Annex (New York law) (the “CSA”) to the Agreement
(under which the only transactions are this Transaction and the Other
Forward Transaction) without any elections specified in Paragraph
13 other
than those listed below. For the avoidance of doubt, Eligible
Collateral posted pursuant to this provision shall be calculated
with
respect to both this Transaction and the Other Forward Transaction
and,
together with the operation of any similar provision in the Confirmation
for the Other Forward Transaction, shall give rise to only one obligation
to post Eligible Collateral.
|
Credit
Support Amount means:
|
With
respect to Counterparty, (i) the Independent Amount with respect
to
Counterparty plus (ii) MSI’s Exposure; provided that the Credit Support
Amount with respect to Counterparty shall never exceed the sum of
the
amounts obtained with respect to this Transaction and the Other Forward
Transaction by multiplying (a) the Number of Shares with respect
to such
Transaction and (b) the Initial Price with respect to such
Transaction.
With
respect to MSI plc, zero.
|
Eligible
Collateral with respect to Counterparty means:
|
Cash
with a Valuation Percentage of 100%
|
Independent
Amount with respect to Counterparty means:
|
The
product of (a) the sum of the amounts obtained with respect to this
Transaction and the Other Forward Transaction by multiplying (i)
the
Number of Shares with respect to such Transaction by (ii) the
Initial Price with respect to such Transaction multiplied by (b)
0.65
|
Independent
Amount with respect to MSI plc means:
|
Zero
|
Threshold
with respect to MSI plc means:
|
Infinity
|
Threshold
with respect to Counterparty means:
|
Zero
|
Minimum
Transfer Amount means with respect to Counterparty:
|
USD1,000,000
|
Minimum
Transfer Amount means with respect to MSI plc:
|
USD500,000
|
Transfer
of Delivery Amounts:
|
Any
Delivery Amount that is to be delivered by the Counterparty to MSI
plc
shall occur no later than the day which is two Currency Business
Days(s)
following the Valuation Date on which the Delivery Amount was
calculated. All Delivery Amounts shall be wired
to:
WIRE
INSTRUCTIONS
JPMorgan
Chase
ABA
Number:
Account
Name:
Account
Number:
FFC
Account
Number:
|
Valuation
Date means:
|
Every
Local Business Day for the period from, and including, the Trade
Date to
but excluding the Valuation Date or the Accelerated Valuation Date,
as the
case may be.
|
Interest
Rate means:
|
FED
FUNDS EFFECTIVE
|
Notification
of Delivery Amounts:
|
In
connection with Valuation Agent’s determination that a Delivery Amount is
due from Counterparty to MSI plc in connection with any Valuation
Date,
Valuation Agent shall deliver written notice to the individuals listed
below:
|
3. Calculation
Agent:
|
MSI
plc
|
Account
for Payments to MSI plc:
|
As
separately notified.
|
Account
for Payments to Counterparty:
|
To
be provided by Counterparty
|
QUADRANGLE
CAPITAL PARTNERS II LP
|
MORGAN STANLEY & CO. INTERNATIONAL PLC | ||||
By: | Quadrangle GP Investors II LP, as its General Partner | By: |
/s/ Rajul
Patel
|
||
Name: Rajul
Patel
|
|||||
By: | QCP GP Investors II LLC, as its General Partner |
Title: Executive
Director
|
|||
By: |
/s/
Peter
Ezersky
|
|
|||
Name: Peter
Ezersky
|
|
||||
Title: Managing
Member
|
|
MORGAN STANLEY & CO. INCORPORATED, as agent | |||||
|
By: |
/s/
Scott
Pecullan
|
|||
|
Name: Scott
Pecullan
|
||||
|
Title: Managing
Director
|
MORGAN
STANLEY & CO. INCORPORATED AS AGENT FOR
MORGAN
STANLEY & CO. INTERNATIONAL PLC
1585
BROADWAY
NEW
YORK, NY 10036-8293
(212)
761-4000
|
February
22, 2008
|
Trade
Date:
|
February
22, 2008
|
Seller:
|
MSI
plc
|
Buyer:
|
Counterparty
|
Shares:
|
Common
stock, par value $0.01 per share, of Dice Holdings,
Inc. (“Issuer”) (NYSE
Ticker: DHX)
|
Number
of Shares:
|
719,887
|
Initial
Price:
|
USD6.4097
|
Forward
Price:
|
USD6.5371
|
Prepayment:
|
Not
Applicable
|
Variable
Obligation:
|
Not
Applicable
|
Exchange(s):
|
New
York Stock Exchange
|
Related
Exchange:
|
All
Exchanges
|
Valuation
Time:
|
The
Scheduled Closing Time on the relevant
Exchange
|
Valuation
Date:
|
September
22, 2008
|
Market
Disruption Event:
|
The
definition of “Market Disruption Event” in Section 6.3(a) of the Equity
Definitions is hereby amended by inserting the words “at any time on any
Scheduled Trading Day during the Cash Settlement Period or” after the word
“material,” in the third line thereof and deleting the language
immediately following the word “material,” and prior to the word, “be,” in
the fifth line thereof.
|
Settlement
Method Election:
|
Applicable
|
Electing
Party:
|
Counterparty
|
Settlement
Method Election Date:
|
One
Exchange Business Day before the Valuation Date.
|
Default
Settlement Method:
|
Physical
Settlement
|
Settlement
Currency:
|
USD
|
Physical
Settlement:
|
Applicable,
unless Counterparty validly elects Cash Settlement in accordance
with the
terms hereof.
|
Cash
Settlement Period:
|
The
ten consecutive Trading Days following the Valuation Date (each such
Trading Day, a “Cash Settlement
Date”).
|
Daily
Forward Cash Settlement Amount:
|
For
each Cash Settlement Date, the Daily Forward Cash Settlement Amount
shall
equal the Forward Cash Settlement Amount determined in accordance
with the
Section 8.5(c) of the Equity Definitions as if (i) the Number of
Shares
were the Daily Cash Settlement Shares and (ii) the Settlement Price
were
the Daily VWAP.
|
Daily
Cash Settlement Shares:
|
71,989
Shares
|
Daily
VWAP:
|
For
each Cash Settlement Date, a price per share (as determined by the
Calculation Agent) equal to the volume-weighted average price of
the
Shares for the entirety of such Trading Day as determined by reference
to
the screen entitled “DHX <Equity> VAP” or any successor page as
reported by Bloomberg L.P. (without regard to pre-open or after hours
trading outside of any regular trading session for such Trading Day)
on
such Trading Day.
|
Cash
Settlement Payment Dates:
|
Three
Currency Business Days following each Cash Settlement
Date.
|
Method
of Adjustment:
|
Calculation
Agent Adjustment
|
New
Shares:
|
In
the definition of “New Shares” in Section 12.1(i) of the Equity
Definitions, the text in subsection (i) shall be deleted in its entirety
and replaced with: “publicly quoted, traded or listed on any of
the New York Stock Exchange, the NASDAQ Global Select Market or the
NASDAQ
Global Market (or their respective
successors)”.
|
(a)
|
Share-for-
Share:
|
Calculation
Agent Adjustment
|
(b)
|
Share-for-
Other:
|
Cancellation
and Payment on that portion of the Other Consideration that consists
of
cash; Calculation Agent Adjustment on the remainder of the Other
Consideration
|
(c)
|
Share-for-
Combined:
|
Component
Adjustment
|
Tender
Offer:
|
Applicable;
provided that the phrase “greater than 10%” in the third line of Section
12.1(d) of the Equity Definitions is deleted and replaced with the
following: “greater than 25%”.
|
Consequences
of Tender Offers:
|
(a)
|
Share-for-Share:
|
Calculation
Agent Adjustment
|
(b)
|
Share-for-Other:
|
Cancellation
and Payment on that portion of the Other Consideration that consists
of
cash; Calculation Agent Adjustment on the remainder of the Other
Consideration
|
(c)
|
Share-for-Combined:
|
Component
Adjustment
|
Composition
of Combined Consideration:
|
Not
Applicable
|
Nationalization,
Insolvency or Delisting:
|
Cancellation
and Payment (Calculation Agent Determination). In addition to
the provisions of Section 12.6(a)(iii) of the Equity Definitions,
it will
also constitute a Delisting if the Exchange is located in the United
States and the Shares are not immediately re-listed, re-traded, or
re-quoted on any of the New York Stock Exchange, the NASDAQ Global
Select
Marked or the NASDAQ Global Market (or their respective successors);
if
the shares are immediately re-listed, re-traded, or re-quoted on
any such
exchange or quotation system, such exchange or quotation system shall
be
deemed to be the Exchange.
|
Additional
Disruption Events:
|
(a)
|
Change
in Law:
|
Not
Applicable
|
(b)
|
Failure
to Deliver:
|
Not
Applicable.
|
(c)
|
Insolvency
Filing:
|
Applicable
|
(d)
|
Hedging
Disruption:
|
Not
Applicable
|
(e)
|
Loss
of Stock Borrow:
|
Not
Applicable
|
(f)
|
Increased
Cost of Stock Borrow:
|
Not
Applicable
|
(g)
|
Increased
Cost of Hedging:
|
Not
Applicable
|
Hedging
Party:
|
For
all Additional Disruption Events, MSI plc
|
|
Determining
Party:
|
For
all Extraordinary Events, MSI
plc
|
Non-Reliance:
|
Applicable
|
Agreements
and Acknowledgements Regarding Hedging Activities:
|
Applicable
|
Additional
Acknowledgements:
|
Applicable
|
Collateral:
|
Counterparty
agrees to provide Eligible Collateral as if the parties hereto executed
a
form ISDA Credit Support Annex (New York law) (the “CSA”) to the Agreement
(under which the only transactions are this Transaction and the Other
Forward Transaction) without any elections specified in Paragraph
13 other
than those listed below. For the avoidance of doubt, Eligible
Collateral posted pursuant to this provision shall be calculated
with
respect to both this Transaction and the Other Forward Transaction
and,
together with the operation of any similar provision in the Confirmation
for the Other Forward Transaction, shall give rise to only one obligation
to post Eligible Collateral.
|
Credit
Support Amount means:
|
With
respect to Counterparty, (i) the Independent Amount with respect
to
Counterparty plus (ii) MSI’s Exposure; provided that the Credit Support
Amount with respect to Counterparty shall never exceed the sum of
the
amounts obtained with respect to this Transaction and the Other Forward
Transaction by multiplying (a) the Number of Shares with respect
to such
Transaction and (b) the Initial Price with respect to such
Transaction.
With
respect to MSI plc, zero.
|
Eligible
Collateral with respect to Counterparty means:
|
Cash
with a Valuation Percentage of 100%
|
Independent
Amount with respect to Counterparty means:
|
The
product of (a) the sum of the amounts obtained with respect to this
Transaction and the Other Forward Transaction by multiplying (i)
the
Number of Shares with respect to such Transaction by (ii) the Initial
Price with respect to such Transaction multiplied by (b)
0.65
|
Independent
Amount with respect to MSI plc means:
|
Zero
|
Threshold
with respect to MSI plc means:
|
Infinity
|
Threshold
with respect to Counterparty means:
|
Zero
|
Minimum
Transfer Amount means with respect to Counterparty:
|
USD1,000,000
|
Minimum
Transfer Amount means with respect to MSI plc:
|
USD500,000
|
Transfer
of Delivery Amounts:
|
Any
Delivery Amount that is to be delivered by the Counterparty to MSI
plc
shall occur no later than the day which is two Currency Business
Days(s)
following the Valuation Date on which the Delivery Amount was
calculated. All Delivery Amounts shall be wired
to:
WIRE
INSTRUCTIONS
JPMorgan
Chase
ABA
Number:
Account
Name:
Account
Number:
FFC
Account
Number:
|
Valuation
Date means:
|
Every
Local Business Day for the period from, and including, the Trade
Date to
but excluding the Valuation Date or the Accelerated Valuation Date,
as the
case may be.
|
Interest
Rate means:
|
FED
FUNDS EFFECTIVE
|
Notification
of Delivery Amounts:
|
In
connection with Valuation Agent’s determination that a Delivery Amount is
due from Counterparty to MSI plc in connection with any Valuation
Date,
Valuation Agent shall deliver written notice to the individuals listed
below:
|
3. Calculation
Agent:
|
MSI
plc
|
Account
for Payments to MSI plc:
|
As
separately notified.
|
Account
for Payments to Counterparty:
|
To
be provided by Counterparty
|
QUADRANGLE
CAPITAL PARTNERS II LP
|
MORGAN STANLEY & CO. INTERNATIONAL PLC | ||||
By: | Quadrangle GP Investors II LP, as its General Partner | By: |
/s/ Rajul
Patel
|
||
Name: Rajul
Patel
|
|||||
By: | QCP GP Investors II LLC, as its General Partner |
Title: Executive
Director
|
|||
By: |
/s/
Peter
Ezersky
|
|
|||
Name: Peter
Ezersky
|
|
||||
Title: Managing
Member
|
|
MORGAN STANLEY & CO. INCORPORATED, as agent | |||||
|
By: |
/s/ Scott
Pecullan
|
|||
|
Name: Scott
Pecullan
|
||||
|
Title: Managing
Director
|
QCP
GP INVESTORS II LLC
|
||
By:
|
/s/
Peter Ezersky,
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|
QUADRANGLE
GP INVESTORS II LP
|
||
By:
|
QCP
GP Investors II LLC, as its General Partner
|
|
By:
|
/s/
Peter Ezersky,
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|
QUADRANGLE
CAPITAL PARTNERS II LP
|
||
By:
|
Quadrangle
GP Investors II LP, as its General Partner
|
|
By:
|
QCP
GP Investors II LLC, as its General Partner
|
|
By:
|
/s/
Peter Ezersky
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|
QUADRANGLE
SELECT PARTNERS II LP
|
||
By:
|
Quadrangle
GP Investors II LP, as its General Partner
|
|
By:
|
QCP
GP Investors II LLC, as its General Partner
|
|
By:
|
/s/
Peter Ezersky
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|
QUADRANGLE
CAPITAL PARTNERS II-A LP
|
||
By:
|
Quadrangle
GP Investors II LP, as its General Partner
|
|
By:
|
QCP
GP Investors II LLC, as its General Partner
|
|
By:
|
/s/
Peter Ezersky
|
|
Name:
Peter Ezersky
|
||
Title:
Managing Member
|