SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13G*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 4)
IT GROUP INC
(Name of Issuer)
Common Stock
(Title of Class of Securities)
460465404
(CUSIP Number)
March 31, 1999
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule 13G 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 purposes 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).
<PAGE
CUSIP No. 460465404 13G Page 2 of 17 Pages
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Brahman Partners II, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES _____________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
23,847
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING _____________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
23,847
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
23,847
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
.10%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 460465404 13G Page 3 of 17 Pages
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Brahman Institutional Partners, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
71,800
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
71,800
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
71,800
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
.31%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 460465404 13G Page 4 of 17 Pages
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
BY Partners, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
b) [ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
157,492
OWNED BY ____________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING _____________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
157,492
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
157,492
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
.69%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 460465404 13G Page 5 of 17 Pages
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Brahman C.P.F. Partners, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
b) [ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
34,000
OWNED BY ____________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING _____________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
34,000
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
34,000
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
.15%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 460465404 13G Page 6 of 17 Pages
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Brahman Management, L.L.C.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
287,139
OWNED BY ____________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
287,139
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
287,139
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.25%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
OO;IA
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 460465404 13G Page 7 of 17 Pages
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Brahman Capital Corp.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a)[X]
(b)[ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES _______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
159,392
OWNED BY ____________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
159,392
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
159,392
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
.69%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
CO;IA
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 460465404 13G Page 8 of 17 Pages
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Peter A. Hochfelder
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
289,039
OWNED BY ____________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
289,039
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
289,039
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.26%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 460465404 13G Page 9 of 17 Pages
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Robert J. Sobel
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES _______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
289,039
OWNED BY ____________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING _____________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
289,039
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
289,039
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.26%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 460465404 13G Page 10 of 17 Pages
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Mitchell A. Kuflik
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
289,039
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
289,039
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
289,039
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.26%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE
CUSIP No. 460465404 13G Page 11 of 17 Pages
The schedule 13G (the "Schedule 13G") initially filed on August
20, 1998 and amended by Amendment No. 1 to the Schedule 13G on February
12, 1999, by Amendment No.2 to the Schedule 13G on December 29, 1999,
and by Amendment No. 3 to the Schedule 13G on February 11, 2000, is
hereby amended by this Amendment No. 4 to the Schedule 13G.
Item 1(a). Name of Issuer:
The name of the issuer is IT Group, Inc., formerly International
Technology Corporation (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
The Company's principal executive offices are located at 2790
Mosside Boulevard, Monroeville, Pennsylvania, 15146-2792.
Item 2(a). Name of Person Filing:
This statement is filed by:
(i) Brahman Partners II, L.P., a Delaware limited partnership
("Brahman II") with respect to the shares of Common Stock
owned by it;
(ii) Brahman Institutional Partners, L.P. ("Brahman
Institutional"), a Delaware limited partnership,
with respect to the shares of Common Stock owned by it;
(iii) BY Partners, L.P. ("BY Partners") a Delaware limited
partnership, with respect to the shares of Common Stock
owned by it;
(iv) Brahman C.P.F. Partners, L.P. ("Brahman C.P.F."), a
Delaware limited partnership, with respect to the shares
of Common Stock owned by it;
(v) Brahman Management, L.L.C. ("Brahman Management"), a
Delaware limited liability company and the sole general
partner of Brahman II, Brahman Institutional, Brahman
C.P.F. and BY Partners, with respect to the shares of
Common Stock owned by Brahman II, Brahman Institutional,
Brahman C.P.F. and BY Partners;
(vi) Brahman Capital Corp., a Delaware corporation ("Brahman
Capital"), with respect to the shares of Common Stock held
for each of (A) BY Partners and (B) Brahman Partners II
Offshore, Ltd. ("Brahman Offshore"), a Cayman Islands
exempted company; and
(vii) Peter A. Hochfelder, Robert J. Sobel and Mitchell A.
Kuflik, each a citizen of the United States, and together
the executive officers and directors of Brahman Capital
and the sole members of Brahman Management, with respect
to shares of Common Stock subject to the control of
Brahman Capital and Brahman Management.
<PAGE
CUSIP No. 460465404 13G Page 12 of 17 Pages
The foregoing persons (other than Brahman Offshore)
are hereinafter sometimes collectively referred to as the
"Reporting Persons." Any disclosures herein with respect
to persons other than the Reporting Persons are made on
information and belief after making inquiry to the
appropriate party.
Item 2(b). Address of Principal Business Office or, if None,
Residence:
The address of the principal business and principal office of the
Reporting Persons is 277 Park Avenue, 26th Floor, New York, New York
10172; and of Brahman Offshore is c/o Citco, N.V. Kaya Flamboyan 9,
Willemstad, Curacao, Netherlands Antilles.
Item 2(c). Citizenship:
Each of Brahman II, Brahman Institutional, BY Partners, and Brahman
C.P.F. is a Delaware limited partnership. Brahman Management is a
Delaware limited liability company. Brahman Offshore is a Cayman
Islands exempted company limited by shares. Brahman Capital is a
Delaware corporation. Each of Peter A. Hochfelder, Robert J. Sobel and
Mitchell A. Kuflik is a United States citizen.
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value (the "Common Stock")
Item 2(e). CUSIP Number:
460465404
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-
2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the
Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
(e) [ ] Investment Adviser in accordance with Rule
<PAGE
CUSIP No. 460465404 13G Page 13 of 17 Pages
13d-1 (b)(1)(ii)(E),
(f) [ ] Employee Benefit Plan or Endowment Fund in
accordance with 13d-1 (b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in
accordance with Rule 13d-1 (b)(1)(ii)(G),
(h) [ ] Savings Association as defined in Section 3(b) of
the Federal Deposit Insurance Act,
(i) [ ] Church Plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act of 1940,
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 13d-1(c), check this box: [x]
Item 4. Ownership.
A. Brahman Partners II, L.P.
(a) Amount beneficially owned: 23,847
(b) Percent of class:0.10% The percentages used herein and
in the rest of Item 4 are calculated based upon the 22,968,560 shares of
Common Stock issued and outstanding as of March 30, 2000 as reflected in
the Company's form 10-Q for the period ending March 24, 2000.
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 23,847
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
23,847
B. Brahman Institutional Partners, L.P.
(a) Amount beneficially owned: 71,800
(b) Percent of class: .31%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 71,800
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
71,800
C. BY Partners, L.P.
(a) Amount beneficially owned: 157,492
(b) Percent of class: .69%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 157,492
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
157,492
D. Brahman C.P.F. Partners, L.P.
(a) Amount beneficially owned: 34,000
(b) Percent of class: .15%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 34,000
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
34,000
CUSIP No. 460465404 13G Page 14 of 17 Pages
E. Brahman Management, L.L.C.
(a) Amount beneficially owned: 287,139
(b) Percent of class: 1.25%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 287,139
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
287,139
F. Brahman Capital Corp.
(a) Amount beneficially owned: 159,392
(b) Percent of class: .69%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 159,392
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
159,392
G. Peter A. Hochfelder
(a) Amount beneficially owned: 289,039
(b) Percent of class: 1.26%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 289,039
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
289,039
H. Robert J. Sobel
(a) Amount beneficially owned: 289,039
(b) Percent of class: 1.26%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 289,039
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
289,039
I. Mitchell A. Kuflik
(a) Amount beneficially owned: 289,039
(b) Percent of class: 1.26 %
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 289,039
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
289,039
<PAGE
CUSIP No. 460465404 13G Page 15 of 17 Pages
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the Reporting Persons have ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following.[X]
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Brahman II, BY Partners, Brahman C.P.F, and Brahman Institutional
are each private investment partnerships, the sole general partner of
which is Brahman Management. As the sole general partner of Brahman II,
BY Partners, Brahman C.P.F. and Brahman Institutional, Brahman
Management has the power to vote and dispose of the shares of Common
Stock owned by each of Brahman II, BY Partners, Brahman C.P.F. and
Brahman Institutional and, accordingly, may be deemed the "beneficial
owner" of such shares. The managing members of Brahman Management are
Peter Hochfelder, Mitchell Kuflik and Robert Sobel.
Pursuant to an investment advisory contract (and, in the case of BY
Partners, pursuant to an arrangement between Brahman Management and
Brahman Capital), Brahman Capital currently has the power to vote and
dispose of the shares of Common Stock held for the account of each of
Brahman Offshore and BY Partners and, accordingly, may be deemed the
"beneficial owner" of such shares. Messrs. Hochfelder, Sobel and Kuflik
are the executive officers and directors of Brahman Capital.
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.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Each of the Reporting Persons and Brahman Offshore hereby make the
following 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
CUSIP No. 460465404 13G Page 16 of 17 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: April 5, 2000
BRAHMAN PARTNERS II, L.P.
By: BRAHMAN MANAGEMENT, L.L.C.
/s/ Peter A. Hochfelder
---------------------------------------
Name: Peter A. Hochfelder
Title: Managing Member
BRAHMAN INSTITUTIONAL PARTNERS, L.P.
By: BRAHMAN MANAGEMENT, L.L.C.
/s/ Peter A. Hochfelder
---------------------------------------
Name: Peter A. Hochfelder
Title: Managing Member
BY PARTNERS, L.P.
By: BRAHMAN MANAGEMENT, L.L.C.
/s/ Peter A. Hochfelder
---------------------------------------
Name: Peter A. Hochfelder
Title: Managing Member
BRAHMAN C.P.F. PARTNERS, L.P.
By: BRAHMAN MANAGEMENT, L.L.C.
/s/ Peter A. Hochfelder
---------------------------------------
Name: Peter A. Hochfelder
Title: Managing Member
BRAHMAN MANAGEMENT, L.L.C.
/s/ Peter A. Hochfelder
---------------------------------------
Name: Peter A. Hochfelder
Title: Managing Member
BRAHMAN CAPITAL CORP.
/s/ Peter A. Hochfelder
---------------------------------------
Name: Peter A. Hochfelder
Title: President
<PAGE>
CUSIP No. 460465404 13G Page 17 of 17 Pages
/s/ Peter A. Hochfelder
------------------------------------
PETER A. HOCHFELDER
/s/ Robert J. Sobel
------------------------------------
ROBERT J. SOBEL
/s/ Mitchell A. Kuflik
------------------------------------
MITCHELL A. KUFLIK
