UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
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SCHEDULE 13D |
GARTNER, INC.
(Name of Issuer)
Class A Common Stock, Par Value $.0005 Per Share
(Title of Class of Securities)
366651107
(CUSIP Number)
Silver
Lake Partners, L.P.
2725 Sand Hill Road, Suite 150
Menlo Park, CA 94025
(650) 233-8120
(Name, Address and
Telephone Number of Person
Authorized to Receive Notices and Communications)
May 18, 2006
(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-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 366651107 |
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1. |
Names of Reporting Persons. SILVER LAKE PARTNERS, L.P., a Delaware limited partnership. |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source of Funds (See
Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization Delaware |
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Number of |
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Sole Voting Power |
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8. |
Shared Voting Power 37,740,128* |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive Power 37,740,128* |
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11. |
Aggregate Amount
Beneficially Owned by Each Reporting Person 37,740,128* |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent of Class
Represented by Amount in Row (11) 33.1%* |
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14. |
Type of Reporting Person
(See Instructions) |
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* See Item 5.
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CUSIP No. 366651107 |
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1. |
Names of Reporting Persons. SILVER LAKE INVESTORS, L.P., a Delaware limited partnership. |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source of Funds (See
Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization Delaware |
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Number of |
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Sole Voting Power |
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8. |
Shared Voting
Power 37,740,128* |
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9. |
Sole Dispositive Power |
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10. |
Shared Dispositive Power 37,740,128* |
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11. |
Aggregate Amount
Beneficially Owned by Each Reporting Person 37,740,128* |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent of Class
Represented by Amount in Row (11) 33.1%* |
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14. |
Type of Reporting Person
(See Instructions) |
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* See Item 5.
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CUSIP No. 366651107 |
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1. |
Names of Reporting Persons. SILVER LAKE TECHNOLOGY INVESTORS, l.l.c.,
a Delaware limited liability company. |
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
x |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Source of Funds (See
Instructions) |
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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6. |
Citizenship or Place of Organization Delaware |
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Number of |
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Sole Voting Power |
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8. |
Shared Voting
Power 37,740,128* |
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Sole Dispositive Power |
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10. |
Shared Dispositive Power 37,740,128* |
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11. |
Aggregate Amount
Beneficially Owned by Each Reporting Person 37,740,128* |
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13. |
Percent of Class
Represented by Amount in Row (11) 33.1%* |
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14. |
Type of Reporting Person
(See Instructions) |
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* See Item 5.
4
This Amendment No. 4 to Schedule 13D supplements and amends the Schedule 13D of Silver Lake Partners, L.P., Silver Lake Investors, L.P., and Silver Lake Technology Investors, L.L.C. (the Silver Lake Entities) originally filed on April 15, 2003, as amended by Amendment No. 1 filed on September 19, 2003, Amendment No. 2 filed on June 21, 2004, and Amendment No. 3 filed on August 30, 2004, with respect to the Common Stock, par value $.0005 per share (the Common Stock) of Gartner, Inc. (Gartner). Each item below amends and supplements the information disclosed under the corresponding item of the Schedule 13D. Capitalized terms defined in the Schedule 13D are used herein with their defined meanings.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented by the following:
On May 18, 2006, Gartner, the Silver Lake Entities and Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Lehman Brothers Inc., as representatives for the several underwriters (the Underwriters), entered into an Underwriting Agreement relating to the sale by the Silver Lake Entities to the Underwriters of 9,500,000 shares of Common Stock (the Underwriting Agreement). The Underwriting Agreement also grants the underwriters an option to purchase up to an additional 1,425,000 shares of Common Stock from the Silver Lake Entities to cover over-allotments, if any.
In connection with the offering and sale contemplated in the Underwriting Agreement (the Offering), the Silver Lake Entities entered into stock purchase agreements on May 8, 2006 with each of Gartner (the Gartner Stock Purchase Agreement) and James C. Smith, the Chairman of Gartners board of directors, (the Smith Stock Purchase Agreement), whereby, subject to the terms and conditions therein, the Silver Lake Entities agreed to sell to Gartner and Mr. Smith, and Gartner and Mr. Smith agreed to purchase from the Silver Lake Entities, 1,000,000 shares and 200,000 shares of Common Stock, respectively, assuming that the Offering is consummated. These sales are expected to close concurrently with the sale of the 9,500,000 shares to the Underwriters.
The Underwriting Agreement, the Gartner Stock Purchase Agreement and the Smith Stock Purchase Agreement are attached as exhibits or incorporated by reference to the Schedule 13D and are incorporated herein by reference.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is hereby amended and supplemented by the following:
The information contained on the cover pages of this Schedule 13D is incorporated herein by reference.
As of the date hereof, the Silver Lake Entities beneficially own 37,740,128 shares of Common Stock. Assuming the sale of 9,500,000 shares of Common Stock in the proposed Offering and no exercise of the Underwriters option to purchase additional shares, as well as the sale of 1,000,000 shares of Common Stock to Gartner and 200,000 shares of Common Stock to Mr. Smith, the Silver Lake Entities may be deemed to be the beneficial owners of 27,040,128 shares of Common Stock, representing approximately 23.9% of the issued and outstanding shares of Common Stock.
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 of the Schedule 13D is hereby amended and supplemented by the information contained in Item 4 of this Amendment, which is herein incorporated by reference.
Item 7. Material to Be Filed as Exhibits
Item 7 of the Schedule 13D is hereby supplemented by adding the following:
Exhibit 5 |
Underwriting Agreement, dated as of May 18, 2006, by and among Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Lehman Brothers Inc., as representatives for the several underwriters named therein, Silver Lake Partners, L.P., Silver Lake Investors, L.P., Silver Lake Technology Investors, L.L.C. and Gartner, Inc. (Incorporated by reference to Exhibit 1.1 to the Current Report on Form 8-K of Gartner, Inc. on May 19, 2006) |
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Exhibit 6 |
Stock Purchase Agreement, dated as of May 8, 2006, by and among Silver Lake Partners, L.P., Silver Lake Investors, L.P., Silver Lake Technology Investors, L.L.C. and Gartner, Inc. (Incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K of Gartner, Inc. filed on May 9, 2006) |
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Exhibit 7 |
Stock Purchase Agreement, dated as of May 8, 2006, by and among Silver Lake Partners, L.P., Silver Lake Investors, L.P., Silver Lake Technology Investors, L.L.C. and James C. Smith. |
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After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
DATED: May 19, 2006
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SILVER LAKE PARTNERS, L.P. |
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By: |
Silver Lake Technology Associates, L.L.C., its General Partner |
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By: |
/s/ Karen M. King |
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Name: |
Karen M. King |
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Title: |
General Counsel |
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SILVER LAKE INVESTORS, L.P. |
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By: |
Silver Lake Technology Associates, L.L.C., its General Partner |
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By: |
/s/ Karen M. King |
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Name: |
Karen M. King |
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Title: |
General Counsel |
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SILVER LAKE TECHNOLOGY INVESTORS, L.L.C. |
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By: |
Silver Lake Technology |
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Management, L.L.C., its Manager |
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By: |
/s/ Karen M. King |
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Name: |
Karen M. King |
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Title: |
General Counsel |
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Exhibit 7
Execution Copy
STOCK PURCHASE AGREEMENT
This STOCK PURCHASE AGREEMENT (the Agreement) is made as of May 8, 2006 by and among James C. Smith (the Purchaser), Silver Lake Partners, L.P., a Delaware limited partnership, Silver Lake Investors, L.P., a Delaware limited partnership, and Silver Lake Technology Investors, L.L.C., a Delaware limited liability company (collectively, Silver Lake).
R E C I T A L S
A. WHEREAS, as of the date hereof, Silver Lake owns of record 37,740,128 shares of common stock, par value $0.0005 per share, of the Company (the Common Stock), which constitutes approximately 33.1% of the issued and outstanding shares of Common Stock of the Company;
B. WHEREAS, pursuant to Section 4.2 of that certain Amended and Restated Securityholders Agreement, dated July 12, 2002, among the Company, Silver Lake Partners, L.P. and certain additional signatories thereto (the Securityholders Agreement), Silver Lake has requested that the Company prepare and file with the Securities and Exchange Commission (the SEC) a registration statement on Form S-3 (the Registration Statement) relating to the registration under the Securities Act of 1933, as amended (the Act), of certain shares of Common Stock held by Silver Lake;
C. WHEREAS, the Company, Silver Lake and Goldman, Sachs & Co., as representative of the several underwriters, intend to enter into an agreement pursuant to which Silver Lake will sell an aggregate of 9,500,000 shares of Common Stock (such number of shares, the Firm Shares) and, at the election of the underwriters set forth on Schedule I thereto (the Underwriters), up to 1,425,000 additional shares of Common Stock (the Optional Shares, and together with the Firm Shares, the Underwritten Shares), to the Underwriters (the Underwriting Agreement);
D. WHEREAS, in addition to the Underwritten Shares to be sold to the Underwriters pursuant to the Underwriting Agreement, Silver Lake desires and voluntarily agrees to sell certain shares of Common Stock held by Silver Lake to the Purchaser, and the Purchaser desires to purchase such shares from Silver Lake; and
E. WHEREAS, the Purchaser and Silver Lake desire to make certain covenants and agreements with one another pursuant to this Agreement.
NOW THEREFORE, in consideration of the covenants and promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
AGREEMENT
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(a) |
If to Silver Lake, to: |
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Silver Lake Partners, L.P. |
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2725 Sand Hill Road, Suite 150 |
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Menlo Park, CA 94025 |
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Attention: Karen King |
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Phone: 650-233-8518 |
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Fax: 650-233-8125 |
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with a copy to: |
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Simpson Thacher & Bartlett LLP |
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425 Lexington Avenue |
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New York, NY 10017 |
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Attention: Richard Fenyes, Esq. |
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Phone: 212-455-2812 |
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Fax: 212-455-2502 |
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(b) |
If to the Purchaser, to: |
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James C. Smith |
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P.O. Box 190369 |
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Dallas, TX 75219 |
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Phone: 214-526-9090 |
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8.13 SPECIFIC PERFORMANCE. THE PARTIES HERETO AGREE THAT IRREPARABLE DAMAGE WOULD OCCUR IN THE EVENT THAT ANY OF THE PROVISIONS OF THIS AGREEMENT WERE NOT PERFORMED IN ACCORDANCE WITH ITS SPECIFIC INTENT OR WERE OTHERWISE BREACHED. IT IS ACCORDINGLY AGREED THAT THE PARTIES SHALL BE ENTITLED TO AN INJUNCTION OR INJUNCTIONS, WITHOUT BOND, TO PREVENT OR CURE BREACHES OF THE PROVISIONS OF THIS AGREEMENT AND TO ENFORCE SPECIFICALLY THE TERMS AND PROVISIONS HEREOF, THIS BEING IN ADDITION TO ANY OTHER REMEDY TO WHICH THEY MAY BE ENTITLED BY LAW OR EQUITY, AND ANY PARTY SUED FOR BREACH OF THIS AGREEMENT EXPRESSLY WAIVES ANY DEFENSE THAT A REMEDY IN DAMAGES WOULD BE ADEQUATE.
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IN WITNESS WHEREOF, the parties have caused this Stock Purchase Agreement to be duly executed and delivered by their proper and duly authorized officers as of the day and year first written above.
JAMES C. SMITH |
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/s/ James C. Smith |
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James C. Smith |
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SILVER LAKE |
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SILVER LAKE PARTNERS, L.P. |
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By: |
Silver Lake Technology Associates, L.L.C., |
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its General Partner |
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By: |
/s/ Michael Bingle |
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Name: Michael Bingle |
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Title: Managing Director |
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SILVER LAKE INVESTORS, L.P. |
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By: |
Silver Lake Technology Associates, L.L.C., |
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its General Partner |
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By: |
/s/ Michael Bingle |
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Name: Michael Bingle |
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Title: Managing Director |
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SILVER LAKE TECHNOLOGY INVESTORS, L.L.C. |
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By: |
Silver Lake Technology Management, L.L.C., |
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its Manager |
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By: |
/s/ Michael Bingle |
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Name: Michael Bingle |
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Title: Managing Director |
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