SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
HealthSouth Corporation
------------------------------
(Name of Issuer)
COMMON STOCK ($.01 PAR VALUE)
-----------------------------------------
(Title of Class of Securities)
421924309
--------------
(CUSIP Number)
October 1, 2007
------------------------------------
(Date of Event Which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose 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.
(Continued on following pages)
(Page 1 of 21 Pages)
------------------- ------------------
CUSIP NO. 421924309 13G Page 2 of 21 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Arience Capital Master Fund, Ltd. ("Master Fund")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
3,135,260
---------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,135,260
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,135,260
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.98%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
------------------- ------------------
CUSIP NO. 421924309 13G Page 3 of 21 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Arience Capital Concentrated Master Fund, Ltd. ("Concentrated Fund")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
625,458
---------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 625,458
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
625,458
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.79%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
------------------- ------------------
CUSIP NO. 421924309 13G Page 4 of 21 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Arience Capital Long Fund, L.P. ("Long Fund")
--------------------------------------------------------------------------------
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
SHARES
0
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
19,385
---------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 19,385
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,385
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.02%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
------------------- ------------------
CUSIP NO. 421924309 13G Page 5 of 21 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Arience Capital Partners II, L.P. ("ACPII")
--------------------------------------------------------------------------------
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
SHARES
0
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
29,413
---------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 29,413
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,413
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.04%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
------------------- ------------------
CUSIP NO. 421924309 13G Page 6 of 21 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Arience Capital Partners III, L.P. ("ACPIII")
--------------------------------------------------------------------------------
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
SHARES
0
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
140,446
---------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 140,446
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
140,446
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.18%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
------------------- ------------------
CUSIP NO. 421924309 13G Page 7 of 21 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Arience Associates, L.L.C. ("Arience Associates")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
189,244
---------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 189,244
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
189,244
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.24%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
------------------- ------------------
CUSIP NO. 421924309 13G Page 8 of 21 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Arience Capital Management, L.P. ("Arience Capital")
--------------------------------------------------------------------------------
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
SHARES
0
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
3,972,023
---------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,972,023
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,972,023
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.04%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
------------------- ------------------
CUSIP NO. 421924309 13G Page 9 of 21 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Arience GP, L.L.C. ("Arience GP")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
3,972,023
---------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,972,023
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,972,023
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.04%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
------------------- ------------------
CUSIP NO. 421924309 13G Page 10 of 21 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Ms. Caryn Seidman-Becker ("Ms. Seidman Becker")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
3,972,023
---------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,972,023
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,972,023
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.04%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
------------------- ------------------
CUSIP NO. 421924309 13G Page 11 of 21 Pages
------------------- ------------------
ITEM 1.
(a) NAME OF ISSUER: HealthSouth Corporation
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
One HealthSouth Pkwy Ste 224W, Birmingham, AL 35243
ITEM 2.
2(a). NAME OF PERSON FILING:
This statement is filed by the entities and persons listed below, all
of whom together are referred to herein as the "Reporting Persons":
(i) Arience Capital Master Fund, Ltd. (the "Master Fund"), a Cayman
Islands exempted company, with respect to the Shares reported in
this Schedule 13G directly held by it.
(ii) Arience Capital Concentrated Master Fund, Ltd. (the "Concentrated
Fund"), a Cayman Islands exempted company, with respect to the
Shares reported in this Schedule 13G directly held by it.
(iii) Arience Capital Long Fund, L.P. (the "Long Fund"), a Delaware
limited partnership, with respect to the Shares reported in this
Schedule 13G directly held by it.
(iv) Arience Capital Partners II, L.P. ("ACPII"), a Delaware limited
partnership, with respect to the Shares reported in this Schedule
13G directly held by it.
(v) Arience Capital Partners III, L.P. ("ACPIII"), a Delaware limited
partnership, with respect to the Shares reported in this Schedule
13G directly held by it.
(vi) Arience Capital Management, L.P. ("Arience Capital"), a Delaware
limited partnership which serves as investment advisor to the
Master Fund, the Concentrated Fund, the Long Fund, ACPII, ACPIII
and certain other managed accounts, with respect to the Shares
reported in this Schedule 13G held by the Master Fund, the
Concentrated Fund, the Long Fund, ACPII, ACPIII and such other
managed accounts managed by Arience Capital.
(vii) Arience Associates, L.L.C. ("Arience Associates"), a Delaware limited
liability company which serves as general partner to the Long Fund,
ACPII and ACPIII, with respect to the Shares reported in this Schedule
13G held by the Long Fund, ACPII and ACPIII.
------------------- ------------------
CUSIP NO. 421924309 13G Page 12 of 21 Page
------------------- ------------------
(viii) Arience GP, L.L.C. ("Arience GP"), a Delaware limited liability
company which serves as general partner to Arience Capital, with
respect to the Shares reported in this Schedule 13G held by the
Master Fund, the Concentrated Fund, the Long Fund, ACPII, ACPIII
and certain managed accounts managed by Arience Capital.
(ix) Ms. Caryn Seidman-Becker ("Ms. Seidman Becker"), an individual
who serves as the managing member of Arience Associates and
Arience GP, with respect to the Shares reported in this Schedule
13G managed by Arience Capital and Arience Associates and held by
the Master Fund, the Concentrated Fund, the Long Fund, ACPII,
ACPIII and certain managed accounts managed by Arience Capital.
(b) ADDRESS OF PRINCIPAL OFFICE:
The Master Fund:
Goldman Sachs (Cayman) Trust Limited
P.O. Box 896 GT
Harbour Centre, Second Floor
North Church Street
George Town, Grand Cayman, KY1-1103
Cayman Islands
The Concentrated Fund:
BISYS Hedge Fund Services (Cayman) Limited
P.O. Box 1748
Cayman Corporate Center, 27 Hospital Road
George Town, Grand Cayman, KY-1109
Cayman Islands
The Long Fund, ACPII, ACPIII, Arience Capital, Arience
Associates, Arience GP and Ms. Caryn Seidman-Becker:
745 Fifth Avenue
7th Floor
New York, New York 10151
United States of America
(c) Citizenship:
Delaware: The Long Fund, ACPII, ACPIII, Arience Capital, Arience
Associates and Arience GP.
Cayman Islands: The Master Fund and the Concentrated Fund.
Ms. Caryn Seidman-Becker is a United States citizen.
(d) Title of Class of Securities: Common Stock ($.01 PAR VALUE)
(e) CUSIP Number: 421924309
------------------- ------------------
CUSIP NO. 421924309 13G Page 13 of 21 Pages
------------------- ------------------
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B) OR
240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
(a) |_| Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) |_| Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) |_| Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) |_| An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E).
(f) |_| An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F).
(g) |_| A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G).
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS BOX [X]
------------------- -------------------
CUSIP NO. 421924309 13G Page 14 of 21 Pages
------------------- -------------------
ITEM 4. OWNERSHIP
Arience Capital, as investment advisor to the Master Fund, the
Concentrated Fund, the Long Fund, ACPII, ACPIII and certain managed accounts,
has the power to direct the disposition and voting of the Shares held by the
Master Fund, the Concentrated Fund, the Long Fund, ACPII, ACPIII and certain
managed accounts. Arience GP is the general partner of Arience Capital. Arience
Associates is the general partner of the Long Fund, ACPII and ACPIII. Ms. Caryn
Seidman-Becker is the managing member of Arience Associates and Arience GP, and
in such capacity may be deemed to control Arience Associates and Arience
Capital, and therefore may be deemed the beneficial owner of the securities held
by the Master Fund, the Concentrated Fund, the Long Fund, ACPII, ACPIII and
certain managed accounts managed by Arience Capital.
Each of the Master Fund, the Concentrated Fund, the Long Fund, ACPII,
ACPIII, Arience Associates, Arience Capital and Arience GP, disclaims beneficial
ownership of all of the Shares of Common Stock reported in this 13G.
A. Master Fund
(a) Amount beneficially owned: 3,135,260
(b) Percent of class: 3.98%*
(*All percentages of beneficial ownership reported in this
Schedule 13G are based on 78,780,353 shares of Common Stock
issued and outstanding as of July 31, 2007, as reported by
the Issuer in its Form 10-Q filed with the Securities and
Exchange Commission for the period ending June 30, 2007.)
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
3,135,260
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
3,135,260
B. Concentrated Fund
(a) Amount beneficially owned: 625,458
(b) Percent of class: 0.79%*
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
625,458
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
625,458
------------------- -------------------
CUSIP NO. 421924309 13G Page 15 of 21 Pages
------------------- -------------------
C. Long Fund
(a) Amount beneficially owned: 19,385
(b) Percent of class: 0.02%*
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
19,385
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
19,385
D. ACPII
(a) Amount beneficially owned: 29,413
(b) Percent of class: 0.04%*
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
29,413
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
29,413
E. ACPIII
(a) Amount beneficially owned: 140,446
(b) Percent of class: 0.18%*
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
140,446
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
140,446
F. Arience Associates
(a) Amount beneficially owned: 189,244
(b) Percent of class: 0.24%*
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
189,244
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
189,244
------------------- -------------------
CUSIP NO. 421924309 13G Page 16 of 21 Pages
------------------- -------------------
G. Arience Capital
(a) Amount beneficially owned: 3,972,023
(b) Percent of class: 5.04%*
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
3,972,023
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
3,972,023
H. Arience GP
(a) Amount beneficially owned: 3,972,023
(b) Percent of class: 5.04%*
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
3,972,023
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
3,972,023
I. Ms. Seidman Becker
(a) Amount beneficially owned: 3,972,023
(b) Percent of class: 5.04%*
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
3,972,023
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
3,972,023
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
See Item 4.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
PERSON.
Not applicable.
------------------- -------------------
CUSIP NO. 421924309 13G Page 17 of 21 Pages
------------------- -------------------
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP
Not applicable
ITEM 10. 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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: October 11, 2007
Arience Capital Master Fund, Ltd.
By: Ms. Caryn Seidman-Becker as Director
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Director
Arience Capital Concentrated Master Fund, Ltd.
By: Ms. Caryn Seidman-Becker as Director
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Director
Arience Capital Long Fund, L.P.
By: Arience Associates, L.L.C., general partner
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
------------------- -------------------
CUSIP NO. 421924309 13G Page 18 of 21 Pages
------------------- -------------------
Arience Capital Partners II, L.P.
By: Arience Associates, L.L.C., general partner
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
Arience Capital Partners III, L.P.
By: Arience Associates, L.L.C., general partner
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
Arience Capital Management, L.P.
By: Arience GP, L.L.C., general partner
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
Arience Associates, L.L.C.
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
Arience GP, L.L.C.
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
------------------- -------------------
CUSIP NO. 421924309 13G Page 19 of 21 Pages
------------------- -------------------
LIST OF EXHIBITS
TO SCHEDULE 13G
Page
----
1. Agreement to Make Joint Filing ......................................... 20
------------------- -------------------
CUSIP NO. 421924309 13G Page 20 of 21 Pages
------------------- -------------------
EXHIBIT 1
AGREEMENT TO MAKE JOINT FILING
Each of the undersigned acknowledges and agrees that the foregoing
statement on Schedule 13G is filed on behalf of each of the undersigned and that
all subsequent amendments to this statement on Schedule 13G shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint filing agreements.
Dated: October 11, 2007
Arience Capital Master Fund, Ltd.
By: Ms. Caryn Seidman-Becker as Director
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Director
Arience Capital Concentrated Master Fund, Ltd.
By: Ms. Caryn Seidman-Becker as Director
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Director
Arience Capital Long Fund, L.P.
By: Arience Associates, L.L.C., general partner
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
Arience Capital Partners II, L.P.
By: Arience Associates, L.L.C., general partner
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
------------------- -------------------
CUSIP NO. 421924309 13G Page 21 of 21 Pages
------------------- -------------------
Arience Capital Partners III, L.P.
By: Arience Associates, L.L.C., general partner
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
Arience Capital Management, L.P.
By: Arience GP, L.L.C., general partner
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
Arience Associates, L.L.C.
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member
Arience GP, L.L.C.
By: /s/ Ms. Caryn Seidman-Becker
----------------------
Ms. Caryn Seidman-Becker
Managing Member