Richard E. Rainwater purchased the 700,800 common shares in the open market from November 1 through November 11 at prices ranging from $15.1907 to $15.19360. Two common shares of the stock can be exchanged for a single Partnership Unit.
The transaction doesn't change Rainwater's current beneficial ownership interest in the company. His ownership of common shares remains below the 9.5% limit as required by the company's charter.
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