- --------------------------------------------------------------------------------
SEC POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF
1746 (11-02) INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND
UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
- --------------------------------------------------------------------------------
--------------------------------
UNITED STATES OMB APPROVAL
--------------------------------
SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0145
--------------------------------
WASHINGTON, D.C. 20549 Expires: December 31, 2007
--------------------------------
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--------------------------------
SCHEDULE 13D/A
(AMENDMENT NO. 1)
Under the Securities Exchange Act of 1934
Flamel Technologies S.A.
- --------------------------------------------------------------------------------
(Name of Company)
Ordinary Shares, Nominal Value (Euro) 0.122 Per Share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
ISIN No. FR0004018711
(Ordinary Shares) CUSIP 338488109
- --------------------------------------------------------------------------------
(CUSIP Number of Class of Securities)
Oscar S. Schafer
O.S.S. Capital Management LP
598 Madison Avenue
New York, NY 10022
(212) 756-8700
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 26, 2007
- --------------------------------------------------------------------------------
(Date of Event which Requires
Filing of this Schedule)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D/A, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.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).
- ------------------
(1) The Ordinary Shares have no CUSIP number. The ISIN number for the Ordinary
Shares is FR0004018711. The CUSIP number for the ADSs is 338488109.
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 2 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
O.S.S. Capital Management LP
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,666,047
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,666,047
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
5,666,047
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
23.8% (see Item 5)
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 3 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oscar S. Schafer & Partners I LP
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 220,350
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
220,350
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
220,350
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9% (see Item 5)
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 4 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oscar S. Schafer & Partners II LP
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,350,298
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,350,298
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,350,298
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9% (see Item 5)
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 5 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
O.S.S. Overseas Fund Ltd.
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,861,399
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,861,399
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,861,399
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.0% (see Item 5)
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ----------- --------------------------------------------------------------------
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 6 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
O.S.S. Advisors LLC
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,570,648
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,570,648
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,570,648
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.8% (see Item 5)
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ----------- --------------------------------------------------------------------
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 7 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Schafer Brothers LLC
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,666,047
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,666,047
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
5,666,047
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.8% (see Item 5)
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ----------- --------------------------------------------------------------------
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 8 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oscar S. Schafer
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
50,000
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,666,047
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
50,000
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,666,047
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
5,666,047
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.8% (see Item 5)
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 9 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew Goffe
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
50,000
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
50,000
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
50,000
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.2% (see Item 5)
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 10 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
Pursuant to Rule 13d-2 promulgated under the Act, this Schedule 13D/A
(the "AMENDMENT NO. 1") amends the Schedule 13D filed on April 2, 2007
(Accession Number 0000902664-07-001362) (the "ORIGINAL 13D").
This Amendment No. 1 is being filed by Oscar S. Schafer & Partners I
LP, a Delaware limited partnership ("OSS I"), Oscar S. Schafer & Partners II LP,
a Delaware limited partnership ("OSS II", and together with OSS I, the
"PARTNERSHIPS"), O.S.S. Advisors LLC, a Delaware limited liability company (the
"GENERAL PARTNER"), O.S.S. Overseas Fund Ltd., a Cayman Islands exempted company
("OSS OVERSEAS"), O.S.S. Capital Management LP, a Delaware limited partnership
(the "INVESTMENT MANAGER"), Schafer Brothers, LLC, a Delaware limited liability
company ("SB LLC"), Mr. Andrew Goffe ("MR. GOFFE") and Mr. Oscar S. Schafer
("MR. SCHAFER" together with the Partnerships, the General Partner, OSS
Overseas, the Investment Manager, SB LLC and Mr. Schafer, the "REPORTING
PERSONS"), who serves as the senior managing member of the General Partner and
SB LLC. This Amendment No. 1 relates to the ordinary shares, nominal value
(euro) 0.122 per share, which are owned in the form of ADSs ("ORDINARY SHARES"),
of Flamel Technologies S.A., a SOCIETE ANONYME organized under the laws of the
Republic of France (the "COMPANY. ").
To the extent permitted by law, each Reporting Person disclaims
beneficial ownership of any of the securities covered by this statement.
ITEM 1. SECURITY AND ISSUER
Item 1 of the Original 13D is amended and supplemented by adding at the
end thereof the following paragraph:
As set forth more fully in Item 5, between March 26, 2007 and March 30,
2007, the Reporting Persons acquired an additional 777,900 ADSs. As of March 30,
2007, the Reporting Persons beneficially own, in aggregate, 5,666,047 Ordinary
Shares, all of which are owned in the form of ADSs.
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 11 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 of the Original 13D is being amended and restated as follows:
The total amount of funds used by each of the Partnerships and OSS
Overseas to purchase the securities of the Company as described herein was
furnished from the investment capital of the Partnerships and OSS Overseas, as
applicable.
The aggregate purchase price of the 220,350 Ordinary Shares
beneficially owned by OSS I was $4,444,278, inclusive of brokerage commissions.
The aggregate purchase price of the 2,350,298 Ordinary Shares
beneficially owned by OSS II was $46,717,927, inclusive of brokerage
commissions.
The aggregate purchase price of the 2,861,399 Ordinary Shares
beneficially owned by OSS Overseas was $55,883,869, inclusive of brokerage
commissions.
The Investment Manager, SB LLC and Mr. Schafer have investment
discretion with respect to 134,000 Ordinary Shares which are held for the
benefit of a third party in a separately managed account. The aggregate purchase
price of the 134,000 Ordinary Shares beneficially owned by the separately
managed account was $3,852,060, inclusive of brokerage commissions.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Original 13D is being amended and restated as follows:
The Ordinary Shares acquired on March 26, 2007 through March 30, 2007
were not acquired and additional Ordinary Shares beneficially owned by each
Reporting Person are not held, in either case, for the purpose of or with the
effect of influencing the control of the Company or in connection with, or as a
participant in, any transaction having that purpose or effect.
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 12 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
ITEM 5. INTEREST IN SECURITIES OF THE COMPANY.
Item 5 of the Original 13D is being amended and restated as follows:
(a), (b) The following table sets forth the aggregate number
and percentage of the outstanding Ordinary Shares beneficially owned by each of
the Reporting Persons named in Item 2, as of the date hereof. The percentage of
the outstanding Ordinary Shares beneficially owned is based on the 23,812,000
Ordinary Shares (based on calculations made in accordance with Rule 13d-3(d)).
The table also sets forth the number of Ordinary Shares with respect to which
each Reporting Person has the sole power to vote or to direct the vote, shared
power to vote or to direct the vote, sole power to dispose or to direct the
disposition, or shared power to dispose or to direct the disposition, in each
case as of the date hereof.
------------------------- ---------------------- ----------------- -------------------- --------------------
Reporting Person Aggregate Number of Approximate Number of Ordinary Number of Ordinary
Ordinary Shares Percentage Shares: Sole Power Shares: Shared
Beneficially Owned to Vote or to Power to Vote or
Dispose to Dispose
------------------------- ---------------------- ----------------- -------------------- --------------------
Investment Manager 5,666,047 23.8% 0 5,666,047
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 220,350 0.9% 0 220,350
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 2,350,298 9.9% 0 2,350,298
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 2,861,399 12.0% 0 2,861,399
------------------------- ---------------------- ----------------- -------------------- --------------------
General Partner 2,570,648 10.8% 0 2,570,648
------------------------- ---------------------- ----------------- -------------------- --------------------
SB LLC 5,666,047 23.8% 0 5,666,047
------------------------- ---------------------- ----------------- -------------------- --------------------
Mr. Schafer 5,666,047 23.8% 50,000 5,666,047
------------------------- ---------------------- ----------------- -------------------- --------------------
Mr. Goffe 50,000 0.2% 50,000 50,000
------------------------- ---------------------- ----------------- -------------------- --------------------
Each of the transactions listed above were effected in the open market.
The Investment Manager, the General Partner, SB LLC, Mr. Schafer and Mr. Goffe
expressly declare that this filing shall not be construed as an admission that
each is, for the purposes of sections 13(d) or 13(g) of the Act, the beneficial
owner of any securities covered by this filing.
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 13 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
(c) Except for the transactions set forth below, during the last sixty
days the Reporting Persons have effected no transactions with respect to the
Ordinary Shares.
------------------------- ---------------------- ----------------- -------------------- --------------------
Reporting Person Date Buy or Sell Number of Ordinary Price Per Share/ADS
Shares/ ADSs
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/2/2007 Buy 10,515 $28.86
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/5/2007 Buy 5,674 $28.70
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/15/2007 Buy 4,641 $28.24
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/16/2007 Buy 3,465 $28.66
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/23/2007 Buy 6,241 $29.06
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/26/2007 Buy 4,053 $27.75
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/26/2007 Buy 2,549 $27.69
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/27/2007 Buy 6,080 $26.55
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/28/2007 Buy 8,106 $25.83
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/29/2007 Buy 5,391 $26.21
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS I 3/30/2007 Buy 2,635 $25.88
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/2/2007 Buy 84,943 $28.86
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/5/2007 Buy 60,534 $28.70
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/15/2007 Buy 49,508 $28.24
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/16/2007 Buy 36,969 $28.66
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/23/2007 Buy 66,586 $29.06
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/26/2007 Buy 43,238 $27.75
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/26/2007 Buy 27,197 $27.69
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/27/2007 Buy 64,857 $26.55
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/28/2007 Buy 86,477 $25.83
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/29/2007 Buy 57,507 $26.21
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS II 3/30/2007 Buy 28,104 $25.88
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/2/2007 Buy 74,542 $28.86
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/5/2007 Buy 73,792 $28.70
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/15/2007 Buy 60,351 $28.24
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/16/2007 Buy 45,066 $28.66
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/23/2007 Buy 77,173 $29.06
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/26/2007 Buy 52,709 $27.75
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/26/2007 Buy 33,154 $27.69
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/27/2007 Buy 79,063 $26.55
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/28/2007 Buy 105,417 $25.83
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/29/2007 Buy 70,102 $26.21
------------------------- ---------------------- ----------------- -------------------- --------------------
OSS Overseas 3/30/2007 Buy 34,261 $25.88
------------------------- ---------------------- ----------------- -------------------- --------------------
Managed Account 3/7/2007 Buy 20,000 $29.65
------------------------- ---------------------- ----------------- -------------------- --------------------
Managed Account 3/29/2007 Buy 67,000 $26.21
------------------------- ---------------------- ----------------- -------------------- --------------------
(d) The (i) limited partners and the General Partner of the
Partnerships and (ii) the shareholders and the advisor of OSS Overseas have the
right to participate in the receipt of dividends from, and the proceeds from the
sale of, the securities held for the Partnerships and OSS Overseas,
respectively.
(e) Not applicable.
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 14 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: April 5, 2007
OSCAR S. SCHAFER
By:/s/ Oscar S. Schafer
--------------------------------------------------
Oscar S. Schafer, individually
O.S.S. CAPITAL MANAGEMENT LP
By: Schafer Brothers LLC, as General Partner
By:/s/ Oscar S. Schafer
---------------------------------------------
Name: Oscar S. Schafer
Title: Senior Managing Member
OSCAR S. SCHAFER & PARTNERS I LP
By: O.S.S. Advisors LLC, as General Partner
By:/s/ Oscar S. Schafer
---------------------------------------------
Name: Oscar S. Schafer
Title: Senior Managing Member
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 15 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
OSCAR S. SCHAFER & PARTNERS II LP
By: O.S.S. Advisors LLC, as General Partner
By:/s/ Oscar S. Schafer
---------------------------------------------
Name: Oscar S. Schafer
Title: Senior Managing Member
O.S.S. OVERSEAS FUND LTD.
By:/s/ Oscar S. Schafer
---------------------------------------------
Name: Oscar S. Schafer
Title: Director
O.S.S. ADVISORS LLC
By:/s/ Oscar S. Schafer
---------------------------------------------
Name: Oscar S. Schafer
Title: Senior Managing Member
SCHAFER BROTHERS LLC
By:/s/ Oscar S. Schafer
---------------------------------------------
Name: Oscar S. Schafer
Title: Senior Managing Member
SCHEDULE 13D/A
- ------------------------------------ ------------------------
CUSIP NO. 338488109 PAGE 16 OF 16 PAGES
ISIN NO. FR0004018711
- ------------------------------------ ------------------------
ANDREW GOFFE
By:/s/ Andrew Goffe
---------------------------------------------
Andrew Goffe, individually