SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G/A*
(Rule 13d-2)
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. 1)
HealthSouth Corporation
(Name of Issuer)
Common Stock, par value $.01
(Title of Class of Securities)
421924309
(CUSIP Number)
December 31, 2007
(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)
(Page 1 of 21 Pages)
----------------
*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).
CUSIP No. 421924309 13G/A Page 2 of 21 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (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
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
2,530,197
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
2,530,197
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,530,197
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
3.21%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
00
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 421924309 13G/A Page 3 of 21 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF
ABOVE PERSONS (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
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
416,285
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
416,285
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
416,285
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.53%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 421924309 13G/A Page 4 of 21 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (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
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
13,971
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
13,971
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
13,971
-----------------------------------------------------------------------------
(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
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 421924309 13G/A Page 5 of 21 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Arience Capital Partners II, L.P. ("ACPII")
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
22,121
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
22,121
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
22,121
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.03%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
PN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 421924309 13G/A Page 6 of 21 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Arience Capital Partners III, L.P. ("ACPIII")
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
149,942
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
149,942
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
149,942
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.19%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 421924309 13G/A Page 7 of 21 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (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
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
186,034
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
186,034
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
186,034
-----------------------------------------------------------------------------
(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
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 421924309 13G/A Page 8 of 21 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (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
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,145,801
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,145,801
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,145,801
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
3.99%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IA
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 421924309 13G/A Page 9 of 21 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (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
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,145,801
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,145,801
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,145,801
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
3.99%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IA
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 421924309 13G/A Page 10 of 21 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (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
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,145,801
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,145,801
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,145,801
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
3.99%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 421924309 13G/A Page 11 of 21 Pages
Item 1(a). Name of Issuer:
The name of the issuer is HealthSouth Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
One HealthSouth Pkwy Ste 224W, Birmingham, AL 35243
Item 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/A 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/A 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/A 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/A 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/A 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/A 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/A held by the Long Fund, ACPII and ACPIII.
(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/A held by the
Master Fund, the Concentrated Fund, the Long Fund, ACPII, ACPIII
and certain managed accounts managed by Arience Capital.
CUSIP No. 421924309 13G/A Page 12 of 21 Pages
(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.
Item 2(b). Address of Principal Business Office or, if None, Residence:
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:
Citi Hedge Fund Services (Cayman) Limited
P.O. Box 10293
Cayman Corporate Center, 27 Hospital Road
George Town, Grand Cayman, KY1-1003
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
Item 2(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.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 (the "Common Stock")
Item 2(e). CUSIP Number:
421924309
CUSIP No. 421924309 13G/A Page 13 of 21 Pages
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 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.
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.
CUSIP No. 421924309 13G/A Page 14 of 21 Pages
A. Master Fund
(a) Amount beneficially owned: 2,530,197
(b) Percent of class: 3.21% (*All percentages of beneficial ownership
reported in this Schedule 13G/A are based on 78,832,382 shares of Common Stock
issued and outstanding as of October 30, 2007, as reported by the Issuer in its
Form 10-Q filed with the Securities and Exchange Commission for the period
ending September 30, 2007.)
(c) Number of shares as to which the person has
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 2,530,197
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 2,530,197
B. Concentrated Fund
(a) Amount beneficially owned: 416,285
(b) Percent of class: 0.53%
(c) Number of shares as to which the person has
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 416,285
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 416,285
C. Long Fund
(a) Amount beneficially owned: 13,971
(b) Percent of class: 0.02%
(c) Number of shares as to which the person has
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 13,971
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 13,971
D. ACPII
(a) Amount beneficially owned: 22,121
(b) Percent of class: 0.03%
(c) Number of shares as to which the person has
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 22,121
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 22,121
E. ACPIII
(a) Amount beneficially owned: 149,942
(b) Percent of class: 0.19%
(c) Number of shares as to which the person has
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 149,942
(iii) Sole power to dispose or direct the disposition: -0-
CUSIP No. 421924309 13G/A Page 15 of 21 Pages
(iv) Shared power to dispose or direct the disposition: 149,942
F. Arience Associates
(a) Amount beneficially owned: 186,034
(b) Percent of class: 0.24%
(c) Number of shares as to which the person has
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 186,034
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 186,034
G. Arience Capital
(a) Amount beneficially owned: 3,145,801
(b) Percent of class: 3.99%
(c) Number of shares as to which the person has
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,145,801
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 3,145,801
H. Arience GP
(a) Amount beneficially owned: 3,145,801
(b) Percent of class: 3.99%
(c) Number of shares as to which the person has
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,145,801
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 3,145,801
I. Ms. Seidman Becker
(a) Amount beneficially owned: 3,145,801
(b) Percent of class: 3.99%
(c) Number of shares as to which the person has
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,145,801
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 3,145,801
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.
CUSIP No. 421924309 13G/A Page 16 of 21 Pages
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 hereby makes 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.
CUSIP No. 421924309 13G/A Page 17 of 21 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: February 14, 2008
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
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
CUSIP No. 421924309 13G/A Page 18 of 21 Pages
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/A Page 19 of 21 Pages
LIST OF EXHIBITS
TO SCHEDULE 13G/A
Page
----
1. Agreement to Make Joint Filing ...................................... 20
CUSIP No. 421924309 13G/A 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/A is filed on behalf of each of the undersigned and
that all subsequent amendments to this statement on Schedule 13G/A shall be
filed on behalf of each of the undersigned without the necessity of filing
additional joint filing agreements.
Dated: February 14, 2008
Arience Capital Master Fund, Ltd.
By: Ms. Caryn Seidman-Becker as Director
By: /s/ Ms. Caryn Seidman-Becker
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Ms. Caryn Seidman-Becker
Director
Arience Capital Concentrated Master Fund, Ltd.
By: Ms. Caryn Seidman-Becker as Director
By: /s/ Ms. Caryn Seidman-Becker
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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
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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
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Ms. Caryn Seidman-Becker
Managing Member
CUSIP No. 421924309 13G/A 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
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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
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Ms. Caryn Seidman-Becker
Managing Member
Arience Associates, L.L.C.
By: /s/ Ms. Caryn Seidman-Becker
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Ms. Caryn Seidman-Becker
Managing Member
Arience GP, L.L.C.
By: /s/ Ms. Caryn Seidman-Becker
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Ms. Caryn Seidman-Becker
Managing Member