Starboard Value Takes 9.9% Stake in Stewart Information Services Corp (STC)

Page 18 of 27 – SEC Filing

 

(a)

As of the close of business on August 12, 2016, Starboard V&O Fund beneficially owned 1,726,345 Shares.

 

Percentage: Approximately
7.4%

 

(b)

1. Sole power to vote or direct vote: 1,726,345

 

2. Shared power to vote or direct vote: 0

 

3. Sole power to dispose or direct the disposition: 1,726,345

 

4. Shared power to dispose or direct the disposition: 0

 

(c)

The transactions in the Shares by Starboard V&O Fund during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

 

 

B.	Starboard S LLC

 

(a)

As of the close of business on August 12, 2016, Starboard S LLC beneficially owned 216,790 Shares.

 

Percentage: Less
than 1%

 

(b)

1. Sole power to vote or direct vote: 216,790

 

2. Shared power to vote or direct vote: 0

 

3. Sole power to dispose or direct the disposition: 216,790

 

4. Shared power to dispose or direct the disposition: 0

 

(c)

The transactions in the Shares by Starboard S LLC during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

 

C.	Starboard C LP

 

(a)

As of the close of business on August 12, 2016, Starboard C LP beneficially owned 119,970 Shares.

 

Percentage: Less
than 1%

 

(b)

1. Sole power to vote or direct vote:  119,970

 

2. Shared power to vote or direct vote: 0

 

3. Sole power to dispose or direct the disposition:  119,970

 

4. Shared power to dispose or direct the disposition: 0

 

(c)

The transactions in the Shares by Starboard C LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

 

D.	Starboard R LP