Elizabeth R. & William J. Patterson Foundation 4
4 · LAMAR ADVERTISING CO/NEW · Filed Jul 30, 2007
Insider Transaction Report
Form 4
SPO ADVISORY CORP
10% Owner
Transactions
- Purchase
Common Stock
2007-07-26$58.22/sh+5,472$318,580→ 9,303,301 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.02/sh+1,800$104,436→ 9,129,300 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.20/sh+800$46,556→ 9,282,809 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.23/sh+9,434$549,342→ 9,312,735 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.09/sh+2,300$133,607→ 9,135,800 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.06/sh+400$23,224→ 9,132,800 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.12/sh+83,960$4,879,755→ 9,229,800 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.03/sh+1,200$69,636→ 9,130,500 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.04/sh+1,900$110,276→ 9,132,400 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.10/sh+1,680$97,608→ 9,137,480 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.25/sh+13,584$791,268→ 9,329,950 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.21/sh+6,999$407,412→ 9,297,829 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.18/sh+2,395$139,341→ 9,277,501 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.13/sh+7,404$430,395→ 9,238,404 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.08/sh+300$17,424→ 9,133,500 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.16/sh+6,669$387,869→ 9,270,974 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.24/sh+3,631$211,469→ 9,316,366 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.01/sh+100$5,801→ 9,127,500 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.19/sh+4,508$262,321→ 9,282,009 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.00/sh+29,450$1,708,100→ 9,127,400 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.14/sh+3,380$196,513→ 9,241,784 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.11/sh+3,360$195,250→ 9,140,840 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.12/sh+5,000$290,575→ 9,145,840 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-27$58.00/sh+1,000$58,000→ 9,330,950 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.15/sh+22,521$1,309,596→ 9,264,305 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.17/sh+4,132$240,358→ 9,275,105 total(indirect: See footnotes) - Purchase
Common Stock
2007-07-26$58.20/sh+7,921$461,002→ 9,290,730 total(indirect: See footnotes)
Footnotes (3)
- [F1]The entities acquiring these shares are SPO Partners II, L.P. ("SPO Partners"), which bought 55,800 shares, San Francisco Partners II, L.P. ("SF Partners"), which bought 34,600 shares, the Phoebe Snow Foundation ("PSF"), which bought 145,200 shares, the Elizabeth R. & William J. Patterson Foundation ("WJPFND"), which bought 6,900 shares and John H. Scully ("JHS"), who bought 1,700 shares.
- [F2]As a result of the purchases causing this filing, 8,727,100 shares of the issuer's common stock are owned directly by SPO Partners, and may be deemed to be indirectly beneficially owned by (i)SPO Advisory Partners, L.P ("SPO Advisory"), the sole general partner of SPO Partners, (ii)SPO Advisory Corp. ("SPO Corp."), the sole general partner of SPO Advisory, and (iii) JHS, William E. Oberndorf ("WEO") and William J. Patterson ("WJP"), the three controlling persons of SPO Corp. 461,130 shares of the issuer's common stock are owned directly by SF Partners, and may be deemed to be indirectly beneficially owned by (i) SF Advisory Partners, L.P. ("SF Advisory"), the sole general partner of SF Partners, (ii) SPO Corp., the sole general partner of SF Advisory, and (iii) JHS, WEO & WJP, the three controlling persons of SPO Corp.
- [F3]Additionally, as a result of the purchases causing this filing, 145,200 shares of the issuer's common stock are owned directly by PSF, and may be deemed to be indirectly beneficially owned by JHS, the controlling person, sole director and executive officer of PSF. 1,600 shares are held in the JHS Individual Retirement Account ( Rollover ), which is self-directed. 100 shares areheld in the JHS SEP-IRA, which is also self-directed. Additionally, 6,900 shares are owned by WJPFND, and may be deemed to be indirectly beneficially owned by WJP solely in his capacity as one of the directors of WJPFND. Additionally, 120 shares of the issuer's common stock are owned directly by Eli J. Weinberg.