--------------------------
OMB APPROVAL
--------------------------
OMB Number: 3235-0145
Expires: December 31, 2005
Estimated average burden
hours per response......11
--------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Saga Communications, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
786598102
--------------------------------------------------------------------------------
(CUSIP Number)
June 26, 2006
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
* 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 the
disclosures provided in a prior cover page.
The information required in 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).
(Continued on following pages)
Page 1 of 36 Pages
Exhibit Index Found on Page 34
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday Asset Management, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
PN
------------====================================================================
Page 2 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday G.P. (U.S.), L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
OO
------------====================================================================
Page 3 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday Capital, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
OO
------------====================================================================
Page 4 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 5 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Saurabh K. Mittal
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
India
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 6 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday Capital Partners, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 15,000
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
15,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
15,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
OO
------------====================================================================
Page 7 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
California
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 187,000
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
187,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
187,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
1.0%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
PN
------------====================================================================
Page 8 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
California
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 136,700
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
136,700
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
136,700
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.8%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
PN
------------====================================================================
Page 9 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
California
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 18,200
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
18,200
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
18,200
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
PN
------------====================================================================
Page 10 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 13,000
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
13,000
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
13,000
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
PN
------------====================================================================
Page 11 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
New York
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 5,300
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
5,300
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
5,300
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.0%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
PN
------------====================================================================
Page 12 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Offshore Investors II, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, is a beneficial owner only of
the securities reported by it on this cover page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Cayman Islands
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 166,400
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
166,400
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
166,400
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.9%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
PN
------------====================================================================
Page 13 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 416,900
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
416,900
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
416,900
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
2.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IA, OO
------------====================================================================
Page 14 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Partners, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 541,600
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
541,600
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
541,600
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
3.0%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
OO
------------====================================================================
Page 15 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Chun R. Ding
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 16 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 17 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 18 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Monica R. Landry
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 19 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 20 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 21 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jason E. Moment
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 22 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Rajiv A. Patel
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 23 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Derek C. Schrier
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 24 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 25 of 36 Pages
13G
===================
CUSIP No. 786598102
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mark C. Wehrly
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 958,500 Class A Shares, which is 5.3% of
the class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page.
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
SOLE VOTING POWER
NUMBER OF 5
-0-
------------================================================
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 958,500
------------================================================
SOLE DISPOSITIVE POWER
EACH 7
-0-
------------================================================
REPORTING SHARED DISPOSITIVE POWER
PERSON WITH 8
958,500
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
958,500
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions) [ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.3%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 26 of 36 Pages
Item 1. Issuer
------
(a) Name of Issuer:
--------------
Saga Communications, Inc. (the "Company")
(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
73 Kercheval Avenue, Grosse Pointe Farms, Michigan 48236
Item 2. Identity And Background
-----------------------
Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e))
----------------------------------------------------------------
This statement relates to shares of Class A Common Stock, par value
$0.01 per share (the "Class A Shares"), of the Company. The CUSIP number of the
Class A Shares is 786598102.
Name Of Persons Filing, Address Of Principal Business Office And
-----------------------------------------------------------------------
Citizenship (Item 2(a), (b) and (c))
------------------------------------
This statement is filed by the entities and persons listed below, all
of whom together are referred to herein as the "Reporting Persons."
The Noonday Sub-adviser Entities
--------------------------------
(i) Noonday G.P. (U.S.), L.L.C., a Delaware limited
liability company which is a sub-investment
adviser(1) to each of the Funds and the Managed
Accounts (the "First Noonday Sub-adviser"), with
respect to all of the Class A Shares held by the
Funds and the Managed Accounts;
(ii) Noonday Asset Management, L.P., a Delaware limited
partnership which is a sub-investment adviser(1) to
each of the Funds and the Managed Accounts (the
"Second Noonday Sub-adviser"), with respect to all of
the Class A Shares held by the Funds and the Managed
Accounts; and
(iii) Noonday Capital, L.L.C., a Delaware limited liability
company which is the general partner of the Second
Noonday Sub-adviser (the "Noonday General Partner"),
with respect to all of the Class A Shares held by the
Funds and the Managed Accounts.
--------
(1) The First Noonday Sub-adviser and the Second Noonday Sub-adviser entered
into certain subadvisory arrangements with the Management Company and the
Farallon General Partner effective as of January 1, 2005, pursuant to which the
First Noonday Sub-adviser and the Second Noonday Sub-adviser were granted
investment discretion over all of the assets of the Noonday Fund and certain of
the assets of the Farallon Funds and the Managed Accounts.
Page 27 of 36 Pages
The First Noonday Sub-adviser, the Second Noonday Sub-adviser and the
Noonday General Partner are together referred to herein as the "Noonday
Sub-adviser Entities."
The Noonday Managing Members
----------------------------
(iv) David I. Cohen ("Cohen") and Saurabh K. Mittal
("Mittal"), the managing members of both the First
Noonday Sub-adviser and the Noonday General Partner,
with respect to all of the Class A Shares held by the
Funds and the Managed Accounts.
Cohen and Mittal are referred to herein as the "Noonday Individual
Reporting Persons."
The Noonday Fund
----------------
(v) Noonday Capital Partners, L.L.C., a Delaware limited
liability company (the "Noonday Fund"), with respect
to the Class A Shares held by it.
The Farallon Funds
------------------
(vi) Farallon Capital Partners, L.P., a California limited
partnership ("FCP"), with respect to the Class A
Shares held by it;
(vii) Farallon Capital Institutional Partners, L.P., a
California limited partnership ("FCIP"), with respect
to the Class A Shares held by it;
(viii) Farallon Capital Institutional Partners II, L.P., a
California limited partnership ("FCIP II"), with
respect to the Class A Shares held by it;
(ix) Farallon Capital Institutional Partners III, L.P., a
Delaware limited partnership ("FCIP III"), with
respect to the Class A Shares held by it;
(x) Tinicum Partners, L.P., a New York limited
partnership ("Tinicum"), with respect to the Class A
Shares held by it; and
(xi) Farallon Capital Offshore Investors II, L.P., a
Cayman Islands exempted limited partnership ("FCOI
II"), with respect to the Class A Shares held by it.
FCP, FCIP, FCIP II, FCIP III, Tinicum and FCOI II are together referred
to herein as the "Farallon Funds." The Noonday Fund and the Farallon Funds are
together referred to herein as the "Funds."
The Management Company
----------------------
(xii) Farallon Capital Management, L.L.C., a Delaware
limited liability company (the "Management Company"),
with respect to the Class A Shares held by
Page 28 of 36 Pages
certain accounts managed by the Management Company
(the "Managed Accounts").
The Farallon General Partner
----------------------------
(xiii) Farallon Partners, L.L.C., a Delaware limited
liability company which is the general partner of
each of the Farallon Funds and the managing member of
the Noonday Fund (the "Farallon General Partner"),
with respect to the Class A Shares held by each of
the Funds.
The Farallon Managing Members
-----------------------------
(xiv) The following persons who are managing members of
both the Farallon General Partner and the Management
Company, with respect to the Class A Shares held by
the Funds and the Managed Accounts: Chun R. Ding
("Ding"), William F. Duhamel ("Duhamel"), Richard B.
Fried ("Fried"), Monica R. Landry ("Landry"), William
F. Mellin ("Mellin"), Stephen L. Millham ("Millham"),
Jason E. Moment ("Moment"), Rajiv A. Patel ("Patel"),
Derek C. Schrier ("Schrier"), Thomas F. Steyer
("Steyer"), and Mark C. Wehrly ("Wehrly").
Ding, Duhamel, Fried, Landry, Mellin, Millham, Moment, Patel, Schrier,
Steyer, and Wehrly are together referred to herein as the "Farallon Individual
Reporting Persons." The Farallon Individual Reporting Persons and the Noonday
Individual Reporting Persons are together referred to herein as the "Individual
Reporting Persons."
The citizenship of each of the Noonday Sub-adviser Entities, the Funds,
the Management Company and the Farallon General Partner is set forth above. Each
of the Individual Reporting Persons other than Mittal is a citizen of the United
States. Mittal is a citizen of India. The address of the principal business
office of each of the Noonday Sub-adviser Entities and the Noonday Individual
Reporting Persons is c/o Noonday Asset Management, L.P., 227 West Trade Street,
Suite 2140, Charlotte, North Carolina 28202. The address of the principal
business office of each of the Reporting Persons other than the Noonday
Sub-adviser Entities and the Noonday Individual Reporting Persons is c/o
Farallon Capital Management, L.L.C., One Maritime Plaza, Suite 1325, San
Francisco, California 94111.
Item 3. If This Statement Is Filed Pursuant To Sections 240.13d-1(b) or
-----------------------------------------------------------------------
240.13d-2(b) or (c), Check Whether The Person Filing Is An Entity Specified In
--------------------------------------------------------------------------------
(a) - (j):
---------
Not Applicable.
If This Statement Is Filed Pursuant To Section 240.13d-1(c), Check This
-----------------------------------------------------------------------
Box. [X]
----
Page 29 of 36 Pages
Item 4. Ownership
---------
The information required by Items 4(a) - (c) and set forth in Rows 5
through 11 of the cover page for each Reporting Person hereto is incorporated
herein by reference for each such Reporting Person.
The Class A Shares reported hereby for the Funds are owned directly by
the Funds and those reported by the Management Company on behalf of the Managed
Accounts are owned directly by the Managed Accounts. The First Noonday
Sub-adviser and the Second Noonday Sub-adviser, as sub-investment advisers to
the Funds and Managed Accounts, may be deemed to be the beneficial owner of all
such Class A Shares owned by the Funds and the Managed Accounts. The Noonday
General Partner, as general partner to the Second Noonday Sub-adviser, may be
deemed to be the beneficial owner of all such Class A Shares owned by the Funds
and the Managed Accounts. The Noonday Individual Reporting Persons, as managing
members of both the First Noonday Sub-adviser and the Noonday General Partner,
may each be deemed to be the beneficial owner of all such Class A Shares owned
by the Funds and the Managed Accounts. The Management Company, as investment
adviser to the Managed Accounts, may be deemed to be the beneficial owner of all
such Class A Shares owned by the Managed Accounts. The Farallon General Partner,
as general partner to the Farallon Funds and managing member of the Noonday
Fund, may be deemed to be the beneficial owner of all such Class A Shares owned
by the Funds. The Farallon Individual Reporting Persons, as managing members of
both the Farallon General Partner and the Management Company with the power to
exercise investment discretion, may each be deemed to be the beneficial owner of
all such Class A Shares owned by the Funds and the Managed Accounts. Each of the
Noonday Sub-adviser Entities, the Management Company, the Farallon General
Partner and the Individual Reporting Persons hereby disclaims any beneficial
ownership of any such Class A Shares.
Item 5. Ownership Of Five Percent Or Less Of A Class
--------------------------------------------
Not Applicable.
Item 6. Ownership Of More Than Five Percent On Behalf Of Another Person
---------------------------------------------------------------
Not Applicable.
Item 7. Identification And Classification Of The Subsidiary Which Acquired
-------------------------------------------------------------------
The Security Being Reported On By The Parent Holding Company
------------------------------------------------------------
Not Applicable.
Item 8. Identification And Classification Of Members Of The Group
---------------------------------------------------------
The Reporting Persons are filing this Schedule 13G pursuant to Section
240.13d-1(c). Consistent with Item 2 of the cover page for each Reporting Person
above, the Reporting Persons neither disclaim nor affirm the existence of a
group among them.
Page 30 of 36 Pages
Item 9. Notice Of Dissolution Of Group
------------------------------
Not Applicable.
Item 10. Certification
-------------
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
Page 31 of 36 Pages
SIGNATURES
----------
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: July 5, 2006
/s/ Monica R. Landry
----------------------------------------
NOONDAY CAPITAL, L.L.C.,
On its own behalf and as the General Partner of
NOONDAY ASSET MANAGEMENT, L.P.
By Monica R. Landry, Attorney-in-fact
/s/ Monica R. Landry
----------------------------------------
NOONDAY G.P. (U.S.), L.L.C.
By Monica R. Landry, Attorney-in-fact
/s/ Monica R. Landry
---------------------------------------
FARALLON PARTNERS, L.L.C.,
On its own behalf,
as the General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P. and
FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
and as the Managing Member of
NOONDAY CAPITAL PARTNERS, L.L.C.
By Monica R. Landry, Managing Member
/s/ Monica R. Landry
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.
By Monica R. Landry, Managing Member
/s/ Monica R. Landry
----------------------------------------
Monica R. Landry, individually and as attorney-in-fact for
each of David I. Cohen, Chun R. Ding, William F. Duhamel,
Richard B. Fried, William F. Mellin, Stephen L. Millham,
Saurabh K. Mittal, Jason E. Moment, Rajiv A. Patel,
Derek C. Schrier, Thomas F. Steyer and Mark C. Wehrly
Page 32 of 36 Pages
The Powers of Attorney executed by Duhamel, Fried, Mellin, Millham,
Steyer and Wehrly authorizing Landry to sign and file this Schedule 13G on each
person's behalf, which were filed with Amendment No. 2 to the Schedule 13D filed
with the Securities and Exchange Commission on July 16, 2003, by such Reporting
Persons with respect to the Common Stock of New World Restaurant Group, Inc.,
are hereby incorporated by reference. The Powers of Attorney executed by Ding
and Schrier authorizing Landry to sign and file this Schedule 13G on each
person's behalf, which were filed with Amendment No. 1 to the Schedule 13D filed
with the Securities and Exchange Commission on July 2, 2003, by such Reporting
Persons with respect to the Common Stock of Salix Pharmaceuticals, Ltd., are
hereby incorporated by reference. The Power of Attorney executed by Patel
authorizing Landry to sign and file this Schedule 13G on his behalf, which was
filed with Amendment No. 4 to the Schedule 13G filed with the Securities and
Exchange Commission on January 8, 2004, by such Reporting Person with respect to
the Common Stock of Catalytica Energy Systems, Inc., is hereby incorporated by
reference. The Powers of Attorney executed by Noonday G.P. (U.S.), L.L.C.,
Noonday Asset Management, L.P., Noonday Capital, L.L.C. and Cohen authorizing
Landry to sign and file this Schedule 13G on its or his behalf, which were filed
with Amendment No. 5 to the Schedule 13G filed with the Securities and Exchange
Commission on January 10, 2005, by such Reporting Persons with respect to the
Common Stock of Catalytica Energy Systems, Inc., are hereby incorporated by
reference. The Power of Attorney executed by Mittal authorizing Landry to sign
and file this Schedule 13G on his behalf, which was filed with Amendment No. 6
to the Schedule 13G filed with the Securities and Exchange Commission on October
5, 2005, by such Reporting Person with respect to the Common Stock of Catalytica
Energy Systems, Inc., is hereby incorporated by reference. The Power of Attorney
executed by Moment authorizing Landry to sign and file this Schedule 13G on his
behalf, which was filed with the Schedule 13D filed with the Securities and
Exchange Commission on January 9, 2006, by such Reporting Person with respect to
the Common Stock of Vintage Petroleum, Inc., is hereby incorporated by
reference.
Page 33 of 36 Pages
EXHIBIT INDEX
EXHIBIT 1 Joint Acquisition Statement Pursuant to
Section 240.13d-1(k)
Page 34 of 36 Pages
EXHIBIT 1
to
SCHEDULE 13G
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13d-1(k)
--------------------------------
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated: July 5, 2006
/s/ Monica R. Landry
----------------------------------------
NOONDAY CAPITAL, L.L.C.,
On its own behalf and as the General Partner of
NOONDAY ASSET MANAGEMENT, L.P.
By Monica R. Landry, Attorney-in-fact
/s/ Monica R. Landry
----------------------------------------
NOONDAY G.P. (U.S.), L.L.C.
By Monica R. Landry, Attorney-in-fact
/s/ Monica R. Landry
---------------------------------------
FARALLON PARTNERS, L.L.C.,
On its own behalf,
as the General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P. and
FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
and as the Managing Member of
NOONDAY CAPITAL PARTNERS, L.L.C.
By Monica R. Landry, Managing Member
Page 35 of 36 Pages
/s/ Monica R. Landry
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.
By Monica R. Landry, Managing Member
/s/ Monica R. Landry
----------------------------------------
Monica R. Landry, individually and as attorney-in-fact for
each of David I. Cohen, Chun R. Ding, William F. Duhamel,
Richard B. Fried, William F. Mellin, Stephen L. Millham,
Saurabh K. Mittal, Jason E. Moment, Rajiv A. Patel,
Derek C. Schrier, Thomas F. Steyer and Mark C. Wehrly
Page 36 of 36 Pages