<PAGE> 1
EXHIBIT 4.1
FORM OF NOTE FOR MANUGISTICS GROUP, INC.'S
5% Convertible Notes due November 1, 2007
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO MANUGISTICS
GROUP, INC. (THE "COMPANY") OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFER IN WHOLE, BUT NOT
IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S
NOMINEE AND TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.
<PAGE> 2
THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"). THE HOLDER HEREOF, BY PURCHASING THIS
SECURITY, AGREES FOR THE BENEFIT OF THE COMPANY THAT THIS SECURITY MAY NOT BE
RESOLD, PLEDGED OR OTHERWISE TRANSFERRED (X) PRIOR TO THE EXPIRATION OF THE
HOLDING PERIOD UNDER RULE 144(k) (OR ANY SUCCESSOR THERETO) UNDER THE
SECURITIES ACT WHICH IS APPLICABLE TO THIS SECURITY OR (Y) BY ANY HOLDER THAT
WAS AN "AFFILIATE" (WITHIN THE MEANING OF RULE 144 UNDER THE SECURITIES ACT)
OF THE COMPANY AT ANY TIME DURING THE THREE MONTHS PRECEDING THE DATE OF SUCH
TRANSFER, IN EITHER CASE, OTHER THAN (1) TO THE COMPANY, (2) SO LONG AS THIS
SECURITY IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT
("RULE 144A"), TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A, PURCHASING FOR ITS OWN
ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE
IS GIVEN THAT THE RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (3) IN AN OFFSHORE TRANSACTION (AS DEFINED IN REGULATION S UNDER
THE SECURITIES ACT) IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT,
(4) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
PROVIDED BY RULE 144 (IF APPLICABLE) UNDER THE SECURITIES ACT OR (5) PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH CASE
IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES. THE HOLDER HEREOF, BY PURCHASING THIS SECURITY, REPRESENTS AND AGREES
FOR THE BENEFIT OF THE COMPANY THAT IT IS (1) A QUALIFIED INSTITUTIONAL BUYER
OR (2) NOT A U.S. PERSON AND IS OUTSIDE THE UNITED STATES WITHIN THE MEANING
OF (OR AN ACCOUNT SATISFYING THE REQUIREMENTS OF PARAGRAPH (k)(2) OF RULE 902
UNDER) REGULATION S UNDER THE SECURITIES ACT. IN ANY CASE THE HOLDER HEREOF
WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN ANY HEDGING TRANSACTION WITH
REGARD TO THIS SECURITY OR ANY COMMON STOCK ISSUABLE UPON CONVERSION OF THIS
SECURITY EXCEPT AS PERMITTED BY THE SECURITIES ACT.
<PAGE> 3
MANUGISTICS GROUP, INC.
ISIN No. US565011AA15
Number R-1 CUSIP No. 565011 AA 1
5% Convertible Subordinated Note Due 2007
Manugistics Group, Inc., a Delaware corporation (the "Company"),
promises to pay to Cede & Co. or registered assigns, the principal sum of Two
Hundred Million Dollars ($200,000,000) on November 1, 2007 and to pay interest
on the principal amount of this Note beginning the most recent date to which
interest has been paid or, if no interest has been paid, beginning October 20,
2000 at the rate of 5% per annum.
Interest Payment Dates: May 1 and November 1
Record Dates: April 15 and October 15
This Note is convertible at such times and as specified on the other
side of this Note. Additional provisions of this Note are set forth on the
other side of this Note.
<PAGE> 4
IN WITNESS WHEREOF, the Company has caused this 5% Convertible
Subordinated Note due 2007 to be signed by its duly authorized officers.
Dated: October 20, 2000 MANUGISTICS GROUP, INC.
By:
----------------------------------------
Name: Raghavan Rajaji
Title: Executive Vice President and
Chief Financial Officer
By:
----------------------------------------
Name: Timothy T. Smith
Title: Senior Vice President,
General Counsel and
Secretary
Trustee's Certificate of
Authentication:
Dated: October 20, 2000
This is one of the Securities referred to in the within mentioned Indenture.
State Street Bank and Trust Company,
as Trustee
By:
---------------------------------------
Authorized Signatory
<PAGE> 5
MANUGISTICS GROUP, INC.
5% Convertible Subordinated Note Due 2007
1. Interest.
Manugistics Group, Inc., a Delaware corporation (the "Company"),
promises to pay interest on the principal amount of this Note at the rate per
annum shown above. The Company shall pay interest semi-annually on May 1 and
November 1 of each year, commencing May 1, 2001. Interest on the Notes will
accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from October 20, 2000. Interest will be computed on
the basis of a 360-day year of twelve 30-day months.
The Holder of this Note is entitled to the benefits of the
Registration Rights Agreement, dated October 20, 2000, among the Company,
Deutsche Bank Securities Inc. and Banc of America Securities LLC.
2. Method of Payment.
The Company will pay interest on this Note (except defaulted
interest) to the person who is the registered Holder of this Note at the close
of business on the April 15 and October 15 next preceding the interest payment
date. The Holder must surrender this Note to the Paying Agent to collect
payment of principal. The Company will pay principal and interest in money of
the United States that at the time of payment is legal tender for payment of
public and private debts. The Company, however, may pay principal and interest
by its check payable in such money. It may mail an interest check to the
Holder's registered address.
3. Paying Agent, Registrar and Conversion Agent.
Initially, State Street Bank and Trust Company (the "Trustee") will
act as Paying Agent, Registrar and Conversion Agent. The Company may change
any Paying Agent, Registrar or Conversion Agent without notice to the holder.
The Company or any of its Subsidiaries may act as Paying Agent, Registrar or
Conversion Agent.
4. Indenture; Limitations.
This Note is one of a duly authorized issue of Notes of the Company
designated as its 5% Convertible Subordinated Notes Due 2007 (the "Notes"),
issued under an Indenture dated as of October 20, 2000 (the "Indenture"),
between the Company and the Trustee. The terms of this Note include those
stated in the Indenture and those made part of the Indenture by reference to
the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb), as amended
by the Trust Indenture Reform Act of 1990, as in effect on the date hereof or,
from and after the date that the Indenture shall be qualified thereunder, as
in effect on such date. This Note is subject to all such terms, and the holder
of this Note is referred to the Indenture and said Act for a statement of
them.
<PAGE> 6
The Notes are subordinated unsecured obligations of the Company
limited to up to $200,000,000 aggregate principal amount plus an additional
principal amount not exceeding $50,000,000 in the aggregate as may be issued
upon the exercise by the Initial Purchasers, in whole or in part, of the
Purchase Option.
5. Optional Redemption.
The Notes may be redeemed at the Company's option, in whole or in
part, at any time and from time to time on and after November 7, 2003 (an
"Optional Redemption") if the trading price of the Company's Common Stock for
20 Trading Days (as defined in the Indenture) in a period of 30 consecutive
Trading Days ending on the Trading Day prior to the date of mailing of the
provisional notice of redemption exceeds 120% of the Conversion Price (as
defined below) of the Notes. The redemption price for the Notes, expressed as
a percentage of the principal amount, is as follows for the 12-month periods
set forth below:
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------
Redemption Period Percentage
--------------------------------------------------------------
<S> <C>
November 7, 2003 through October 31, 2004..............103.0%
November 1, 2004 through October 31, 2005..............102.0%
November 1, 2005 through October 31, 2006..............101.0%
-------------------------------------------------------------------------------
</TABLE>
and 100% of the principal amount on and after November 1, 2006, together in
the case of any such redemption with accrued and unpaid interest to the date
of redemption, but any interest payment that is due and payable on or prior to
such date of redemption will be payable to the Holders of such Notes, or one
or more predecessor Notes, of record at the close of business on the relevant
record dates referred to on the face hereof, all as provided in the Indenture.
6. Notice of Redemption.
Notice of redemption will be mailed by first class mail at least 30
days prior to the redemption date in the case of a Provisional Redemption, and
at least 20 days but not more than 60 days before the redemption date in the
case of an Optional Redemption, to each Holder of Notes to be redeemed at his
registered address. Notes in denominations larger than $1,000 may be redeemed
in part, but only in whole multiples of $1,000. On and after the redemption
date, subject to the deposit with the Paying Agent of funds sufficient to pay
the redemption price, interest ceases to accrue on Notes or portions of them
called for redemption.
7. Repurchase of Notes at Option of Holder upon a Change in Control.
If at any time that Notes remain outstanding there shall have
occurred a Change in Control (as defined in the Indenture), at the option of
the Holder and subject to the terms and conditions of the Indenture, the
Company shall become obligated to repurchase all or any part specified by the
Holder (so long as the principal amount of such part is $1,000 or an integral
multiple thereof) of the Notes held by such Holder on the Repurchase Date. The
Holder shall have the right to withdraw any Repurchase Notice by delivering a
<PAGE> 7
written notice of withdrawal to the Paying Agent in accordance with the terms
of the Indenture. The Repurchase Price is payable in cash.
8. Conversion.
At any time after 90 days following the latest date of original
issuance of the Notes and prior to the close of business on the business day
immediately preceding November 1, 2007, a Holder of a Note may convert such
Note into shares of Common Stock of the Company; provided, however, that if
the Note is called for redemption, the conversion right will terminate at the
close of business on the Business Day before the redemption date of such Note
(unless the Company shall default in making the redemption payment when due,
in which case the conversion right shall terminate at the close of business on
the date such default is cured and such Note is redeemed). The initial
conversion price is $88.125 per share, subject to adjustment under certain
circumstances as described in the Indenture (the "Conversion Price"). The
number of shares issuable upon conversion of a Note is determined by dividing
the principal amount converted by the Conversion Price in effect on the
conversion date. Upon conversion, no adjustment for interest or dividends will
be made. No fractional shares will be issued upon conversion; in lieu thereof,
an amount will be paid in cash based upon the current market price (as defined
in the Indenture) of the Common Stock on the last trading day prior to the
date of conversion.
To convert a Note, a Holder must (a) complete and sign the conversion
notice set forth below and deliver such notice to the Conversion Agent, (b)
surrender the Note to the Conversion Agent, (c) furnish appropriate
endorsements and transfer documents if required by the Registrar or the
Conversion Agent, (d) pay any transfer or similar tax, if required and (e) if
the Note is held in book-entry form, complete and deliver to the Depositary
appropriate instructions pursuant to the Depositary's book-entry conversion
programs. If a Holder surrenders a Note for conversion between the record date
for the payment of an installment of interest and the next interest payment
date, the Note must be accompanied by payment of an amount equal to the
interest payable on such interest payment date on the principal amount of the
Note or portion thereof then converted; provided, however, that no such
payment shall be required if such Note has been called for redemption on a
redemption date within the period between and including such record date and
such interest payment date, or if such Note is surrendered for conversion on
the interest payment date. A Holder may convert a portion of a Note equal to
$1,000 or any integral multiple thereof.
A Note in respect of which a Holder had delivered a Repurchase Notice
exercising the option of such Holder to require the Company to repurchase such
Note may be converted only if the notice of exercise is withdrawn as provided
above and in accordance with the terms of the Indenture.
9. Subordination.
The indebtedness evidenced by the Notes is, to the extent and in the
manner provided in the Indenture, subordinate and junior in right of payment
to the prior payment
<PAGE> 8
in full of all Senior Indebtedness of the Company, as defined in the
Indenture. Any Holder by accepting this Note agrees to and shall be bound by
such subordination provisions and authorizes the Trustee to give them effect.
In addition to all other rights of Senior Indebtedness described in
the Indenture, the Senior Indebtedness shall continue to be Senior
Indebtedness and entitled to the benefits of the subordination provisions
irrespective of any amendment, modification or waiver of any terms of any
instrument relating to the Senior Indebtedness or any extension or renewal of
the Senior Indebtedness.
10. Denominations, Transfer, Exchange.
The Notes are in registered form without coupons in denominations of
$1,000 and integral multiples thereof. A Holder may register the transfer of
or exchange Notes in accordance with the Indenture. The Registrar may require
a Holder, among other things, to furnish appropriate endorsements and transfer
documents and to pay any taxes or other governmental charges that may be
imposed by law or permitted by the Indenture.
The aggregate principal amount of the Note in global form represented
hereby may from time to time be reduced to reflect conversions or redemptions
of a part of this Note in global form or cancellations of a part of this Note
in global form, in each case, and in any such case, by means of notations on
the Global Note Transfer Schedule on the last page hereof. Notwithstanding any
provision of this Note to the contrary, conversions or redemptions of a part
of this Note in global form and cancellations of a part of this Note in global
form, may be effected without the surrendering of this Note in global form,
provided that appropriate notations on the Schedule of Exchanges, Conversions,
Redemptions, Cancellations and Transfers are made by the Trustee, or the
Custodian at the direction of the Trustee, to reflect the appropriate
reduction or increase, as the case may be, in the aggregate principal amount
of this Note in a global form resulting therefrom or as a consequence thereof.
11. Persons Deemed Owners.
The registered holder of a Note may be treated as the owner of it for
all purposes.
12. Unclaimed Money.
If money for the payment of principal, premium, if any, or interest
remains unclaimed for two years, the Trustee or Paying Agent will pay, subject
to applicable escheatment laws, the money back to the Company at its request.
After that, Holders entitled to money must look to the Company for payment
unless an abandoned property law designates another person.
13. Amendment, Supplement, Waiver.
Subject to certain exceptions, the Indenture or the Notes may be
amended or supplemented with the consent of the Holders of a majority in
aggregate principal amount of the Notes then outstanding and any past default
or compliance with any provision may
<PAGE> 9
be waived in a particular instance with the consent of the Holders of a
majority in aggregate principal amount of the Notes then outstanding. Without
the consent of or notice to any Holder, the Company and the Trustee may amend
or supplement the Indenture or the Notes to, among other things, cure any
ambiguity, omission, defect or inconsistency or make any other change that
does not adversely affect the rights of any Holder.
14. Successor Corporation.
When a successor corporation assumes all the obligations of its
predecessor under the Notes and the Indenture, the predecessor corporation
will be released from those obligations.
15. Defaults and Remedies.
An Event of Default is: default for 30 days in payment of interest on
the Notes; default in payment of principal on the Notes when due; failure by
the Company for 60 days after appropriate notice to it to comply with any of
its other agreements contained in the Indenture or the Notes; default by the
Company or any Subsidiary with respect to its obligation to pay principal of
or interest on indebtedness for borrowed money aggregating more than $20.0
million or the acceleration of such indebtedness if not withdrawn within 15
days from the date of such acceleration; and certain events of bankruptcy,
insolvency or reorganization of the Company or any of its Significant
Subsidiaries. If an Event of Default (other than as a result of certain events
of bankruptcy, insolvency or reorganization) occurs and is continuing, the
Trustee or the Holders of at least 25% in principal amount of the Notes then
outstanding may declare all unpaid principal of and accrued interest to the
date of acceleration on the Notes then outstanding to be due and payable
immediately, all as and to the extent provided in the Indenture. If an Event
of Default occurs as a result of certain events of bankruptcy, insolvency or
reorganization, all unpaid principal of and accrued interest on the Notes then
outstanding shall become due and payable immediately without any declaration
or other act on the part of the Trustee or any Holder, all as and to the
extent provided in the Indenture. Holders may not enforce the Indenture or the
Notes except as provided in the Indenture. The Trustee may require indemnity
satisfactory to it before it enforces the Indenture or the Notes. Subject to
certain limitations, Holders of a majority in principal amount of the Notes
then outstanding may direct the Trustee in its exercise of any trust or power.
The Trustee may withhold from Holders notice of any continuing default (except
a default in payment of principal or interest) if it determines that
withholding notice is in their interests. The Company is required to file
periodic reports with the Trustee as to the absence of default.
16. Trustee Dealings with the Company.
State Street Bank and Trust Company, the Trustee under the Indenture,
in its individual or any other capacity, may make loans to, accept deposits
from, and perform services for the Company or an Affiliate of the Company, and
may otherwise deal with the Company or an Affiliate of the Company, as if it
were not the Trustee.
<PAGE> 10
17. No Recourse Against Others.
A director, officer, employee or stockholder, as such, of the Company
shall not have any liability for any obligations of the Company under the
Notes or the Indenture or for any claim based on, in respect or by reason of,
such obligations or their creation. The Holder of this Note by accepting this
Note waives and releases all such liability. The waiver and release are part
of the consideration for the issue of this Note.
18. Discharge Prior to Maturity.
If the Company deposits with the Trustee or the Paying Agent money or
U.S. Government Obligations sufficient to pay the principal of and interest on
the Notes to maturity as provided in the Indenture, the Company will be
discharged from the Indenture except for certain Sections thereof.
19. Authentication.
This Note shall not be valid until the Trustee or an authenticating
agent signs the certificate of authentication on the other side of this Note.
20. Abbreviations and Definitions.
Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with right of survivorship and not as
tenants in common), CUST (= Custodian) and U/G/M/A (= Uniform Gifts to Minors
Act).
All capitalized terms used in this Note and not specifically defined
herein are defined in the Indenture and are used herein as so defined.
21. Indenture to Control.
In the case of any conflict between the provisions of this Note and
the Indenture, the provisions of the Indenture shall control.
The Company will furnish to any Holder, upon written request and
without charge, a copy of the Indenture. Requests may be made to: Manugistics
Group, Inc., 2115 East Jefferson Street, Rockville, Maryland 20852,
Attention: General Counsel.
<PAGE> 11
TRANSFER NOTICE
This Transfer Notice relates to $__________ principal amount of the 5%
Convertible Subordinated Notes Due 2007 of Manugistics Group, Inc., a Delaware
corporation, held by ______________________________ (the "Transferor").
(I) or (we) assign and transfer this Convertible Note to
-------------------------------------------------------------------------------
(Print or type assignee's name, address and zip code)
-------------------
-------------------------------------------------------------------------------
(Insert assignee's social security or tax I.D. no.)
and irrevocably appoint _______________________________ agent to transfer this
Note on the books of the Company. The agent may substitute another to act for
him.
Your Signature: ___________________________________
(Sign exactly as your name appears on the other side of this
Convertible Note)
Date: __________________
Signature Guarantee(1)__________________________
In connection with any transfer of any of the Notes evidenced by this
certificate occurring prior to the date that is three years after the later of
the date of original issuance of such Notes and the last date, if any, on
which such Notes were owned by the Company or any Affiliate of the Company,
the undersigned confirms that such Notes are being transferred:
CHECK ONE BOX BELOW
(1) [ ] to Manugistics Group, Inc.; or
(2) [ ] pursuant to and in compliance with Rule 144A under
the Securities Act of 1933, as amended; or
(3) [ ] pursuant to and in compliance with Regulation S
under the Securities Act of 1933, as amended; or
(4) [ ] pursuant to another available exemption from the
registration requirements of the Securities Act of 1933; or
(5) [ ] pursuant to an effective registration statement
under the Securities Act of 1933.
--------
(1) Signature must be guaranteed by a commercial bank, trust company or
member firm of the New York Stock Exchange.
<PAGE> 12
Unless one of the boxes is checked, the Trustee will refuse
to register any of the Notes evidenced by this certificate
in the name of any person other than the registered holder
thereof; provided, however, that if box (2), (3) or (4) is
checked, the Trustee may require, prior to registering any
such transfer of the Notes such legal opinions,
certifications and other information as the Company has
reasonably requested to confirm that such transfer is being
made pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities
Act of 1933, such as the exemption provided by Rule 144
under such Act.
Unless the box below is checked, the undersigned confirms
that such Note is not being transferred to an "affiliate" of
the Company as defined in Rule 144 under the Securities Act
of 1933, as amended (an "Affiliate"):
(6) [ ] The transferee is an Affiliate of the Company.
-------------------------------------
Signature
-------------------------------------
Date
-------------------------------------
Signature Guarantee(2)
TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED.
--------
(2) Signature must be guaranteed by a commercial bank, trust company or
member firm of the New York Stock Exchange.
<PAGE> 13
The undersigned represents and warrants that it is purchasing this
Note for its own account or an account with respect to which it exercises sole
investment discretion and that it and any such account is a "qualified
institutional buyer" within the meaning of Rule 144A under the Securities Act
of 1933, and is aware that the sale to it is being made in reliance on Rule
144A and acknowledges that it has received such information regarding the
Company as the undersigned has requested pursuant to Rule 144A or has
determined not to request such information and that it is aware that the
transferor is relying upon the undersigned's foregoing representations in
order to claim the exemption from registration provided by Rule 144A.
Dated:
-------------------
[Signature of executive officer of purchaser]
Name:
-------------------------------------------
Title:
------------------------------------------
<PAGE> 14
CONVERSION NOTICE
To Manugistics Group, Inc.:
The undersigned owner of this Note hereby irrevocably exercises the
option to convert this Note, or the portion below designated, into Common
Stock of Manugistics Group, Inc. in accordance with the terms of the Indenture
referred to in this Note, and directs that the shares issuable and deliverable
upon conversion, together with any check in payment for fractional shares, be
issued in the name of and delivered to the undersigned, unless a different
name has been indicated in the assignment below. If shares are to be issued in
the name of a person other than the undersigned, the undersigned will pay all
transfer taxes payable with respect thereto.
Any holder of Notes, upon exercise of its conversion rights in
accordance with the terms of the Indenture and the Security, agrees to be
bound by the terms of the Registration Rights Agreement relating to the Common
Stock issuable upon conversion of the Notes.
[ ] Convert whole [ ] Convert in part
Amount of Note to be
converted ($1,000 or
integral multiples
thereof):
$
----------------
------------------------------
Signature (sign exactly as
name appears on the other
side of this Note)
------------------------------
Signature Guarantee:(3)
--------
(3) Signature must be guaranteed by a commercial bank, trust company or
member firm of the New York Stock Exchange.
<PAGE> 15
If you want the stock certificate made out in another person's name,
complete the following for such person:
-----------------------------------------------------
Name
-----------------------------------------------------
Social Security or Taxpayer Identification Number
-----------------------------------------------------
Street Address
-----------------------------------------------------
City, State and Zip Code
<PAGE> 16
OPTION OF HOLDER TO ELECT REPURCHASE
If you want to elect to have this Note repurchased by the Company
pursuant to Section 3.9 of the Indenture, check the box:
[ ]
If you want to elect to have only part of this Note repurchased by
the Company pursuant to Section 3.9 of the Indenture, state the principal
amount (which shall be $1,000 or a multiple thereof) to be repurchased:
$__________________
Dated:
-----------------------------------------------
-----------------------------------------------
Signature (sign exactly as
name appears on the other
side of this Note)
-----------------------------------------------
Signature Guarantee:(4)
--------
4 Signature must be guaranteed by a commercial bank, trust company or
member firm of the New York Stock Exchange.
<PAGE> 17
[Schedule A to Exhibit A
GLOBAL NOTE TRANSFER SCHEDULE
Changes to Principal Amount of Global Security
<TABLE>
<CAPTION>
=============== ==================================== ====================================== =======================
Principal Amount of Securities by Remaining Principal Amount of this Authorized Signature
which this Global Security Is to Global Security of officer of Trustee
Date Be Reduced and Reason for Reduction (following decrease) or Note Custodian
--------------- ------------------------------------ -------------------------------------- -----------------------
<S> <C> <C> <C>
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=============== ==================================== ====================================== =======================
</TABLE>
Schedule to be maintained by Depositary in cooperation with Trustee.]
