VA Partners I, LLC – ‘SC 13D/A’ on 1/28/20 re: Trinity Industries Inc

On:  Tuesday, 1/28/20, at 5:29pm ET   ·   Accession #:  1418812-20-7   ·   File #:  5-20249

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Amendment to Statement of Acquisition of Beneficial Ownership by a Non-Passive Investor   —   Sch. 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    13Da11                                                11     39K 

Document Table of Contents

SC 13D/A
1st Page of 11
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
=============================================================================   
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C.  20549 
SCHEDULE 13D  
Under the Securities and Exchange Act of 1934   

(Amendment No. 11)

Trinity Industries, Inc.
------------------------------------------------
(Name of Issuer)  

Common Stock  
------------------------------------------------
(Title of Class of Securities)  

896522109   
------------------------------------------------
(CUSIP Number)    

Allison Bennington, Esq.  
Jason Breeding, Esq.    
ValueAct Capital    
One Letterman Drive, Building D, Fourth Floor 
San Francisco, CA  94129    
(415) 362-3700    
------------------------------------------------
(Name, address and telephone number of Person 
 Authorized to Receive Notices and Communications)

January 24, 2020  
------------------------------------------------
 (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition that is the subject of this Schedule 13D, and is filing this    
schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the       
following box [ ].                                                              

Note:  Schedules filed in paper format shall include a signed original and five 
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other    
parties to whom copies are to be sent.                                          

*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       
disclosures provided in a prior cover page.                                     

This 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 (however, see   
the Notes).                                                                     
=============================================================================   

SC 13D/A
2nd Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 2nd
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 2 of 11    
-----------------------------------------------------------------------------   
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE         
PERSON (entities only)                                                    

ValueAct Capital Master Fund, L.P.                                        
-----------------------------------------------------------------------------   
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]   
                                                                   (b) [ ]
-----------------------------------------------------------------------------   
3. SEC USE ONLY                                                                 

-----------------------------------------------------------------------------   
4. SOURCE OF FUNDS (See Instructions)*                                          

WC*                                                                       
-----------------------------------------------------------------------------   
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                     
PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
-----------------------------------------------------------------------------   
6. CITIZENSHIP OR PLACE OF ORGANIZATION                                         

British Virgin Islands                                                    
-----------------------------------------------------------------------------   
7.  SOLE VOTING POWER                   
0                               
NUMBER OF       ----------------------------------------------------------
SHARES           8.  SHARED VOTING POWER                                  
BENEFICIALLY         25,613,507**                                         
OWNED BY EACH   ----------------------------------------------------------
PERSON WITH      9.  SOLE DISPOSITIVE POWER                               
0                               
                ----------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
25,613,507**                    
-----------------------------------------------------------------------------   
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

25,613,507**                                                            
-----------------------------------------------------------------------------   
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
 CERTAIN SHARES                                                        [ ]
-----------------------------------------------------------------------------   
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

20.9%                                                                   
-----------------------------------------------------------------------------   
14. TYPE OF REPORTING PERSON                                                    

PN                                                                      
-----------------------------------------------------------------------------   
*See Item 3                                                                     
**See Item 2 and 5                                                              

SC 13D/A
3rd Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 3rd
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 3 of 11    
-----------------------------------------------------------------------------   
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE         
PERSON (entities only)                                                    

VA Partners I, LLC                                                        
-----------------------------------------------------------------------------   
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]   
                                                                   (b) [ ]
-----------------------------------------------------------------------------   
3. SEC USE ONLY                                                                 

-----------------------------------------------------------------------------   
4. SOURCE OF FUNDS*                                                             

00*                                                                       
-----------------------------------------------------------------------------   
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                     
PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
-----------------------------------------------------------------------------   
6. CITIZENSHIP OR PLACE OF ORGANIZATION                                         

Delaware                                                                  
-----------------------------------------------------------------------------   
7.  SOLE VOTING POWER                   
0                               
NUMBER OF       ----------------------------------------------------------
SHARES           8.  SHARED VOTING POWER                                  
BENEFICIALLY         25,613,507**                                         
OWNED BY EACH   ----------------------------------------------------------
PERSON WITH      9.  SOLE DISPOSITIVE POWER                               
0                               
                ----------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
25,613,507**                    
-----------------------------------------------------------------------------   
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

25,613,507**                                                            
-----------------------------------------------------------------------------   
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
 CERTAIN SHARES                                                        [ ]
-----------------------------------------------------------------------------   
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

20.9%                                                                   
-----------------------------------------------------------------------------   
14. TYPE OF REPORTING PERSON                                                    

00 (LLC)                                                                
-----------------------------------------------------------------------------   
*See Item 3                                                                     
**See Item 2 and 5                                                              

SC 13D/A
4th Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 4th
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 4 of 11    
-----------------------------------------------------------------------------   
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE         
PERSON (entities only)                                                    

ValueAct Capital Management, L.P.                                         
-----------------------------------------------------------------------------   
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]   
                                                                   (b) [ ]
-----------------------------------------------------------------------------   
3. SEC USE ONLY                                                                 

-----------------------------------------------------------------------------   
4. SOURCE OF FUNDS*                                                             

00*                                                                       
-----------------------------------------------------------------------------   
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                     
PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
-----------------------------------------------------------------------------   
6. CITIZENSHIP OR PLACE OF ORGANIZATION                                         

Delaware                                                                  
-----------------------------------------------------------------------------   
7.  SOLE VOTING POWER                   
0                               
NUMBER OF       ----------------------------------------------------------
SHARES           8.  SHARED VOTING POWER                                  
BENEFICIALLY         25,613,507**                                         
OWNED BY EACH   ----------------------------------------------------------
PERSON WITH      9.  SOLE DISPOSITIVE POWER                               
0                               
                ----------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
25,613,507**                    
-----------------------------------------------------------------------------   
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

25,613,507**                                                            
-----------------------------------------------------------------------------   
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
 CERTAIN SHARES                                                        [ ]
-----------------------------------------------------------------------------   
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

20.9%                                                                   
-----------------------------------------------------------------------------   
14. TYPE OF REPORTING PERSON                                                    

PN                                                                      
-----------------------------------------------------------------------------   
*See Item 3                                                                     
**See Item 2 and 5                                                              

SC 13D/A
5th Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 5th
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 5 of 11    
-----------------------------------------------------------------------------   
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE         
PERSON (entities only)                                                    

ValueAct Capital Management, LLC                                          
-----------------------------------------------------------------------------   
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]   
                                                                   (b) [ ]
-----------------------------------------------------------------------------   
3. SEC USE ONLY                                                                 

-----------------------------------------------------------------------------   
4. SOURCE OF FUNDS*                                                             

00*                                                                       
-----------------------------------------------------------------------------   
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                     
PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
-----------------------------------------------------------------------------   
6. CITIZENSHIP OR PLACE OF ORGANIZATION                                         

Delaware                                                                  
-----------------------------------------------------------------------------   
7.  SOLE VOTING POWER                   
0                               
NUMBER OF       ----------------------------------------------------------
SHARES           8.  SHARED VOTING POWER                                  
BENEFICIALLY         25,613,507**                                         
OWNED BY EACH   ----------------------------------------------------------
PERSON WITH      9.  SOLE DISPOSITIVE POWER                               
0                               
                ----------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
25,613,507**                    
-----------------------------------------------------------------------------   
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

25,613,507**                                                            
-----------------------------------------------------------------------------   
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
 CERTAIN SHARES                                                        [ ]
-----------------------------------------------------------------------------   
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

20.9%                                                                   
-----------------------------------------------------------------------------   
14. TYPE OF REPORTING PERSON                                                    

00 (LLC)                                                                
-----------------------------------------------------------------------------   
*See Item 3                                                                     
**See Item 2 and 5                                                              

SC 13D/A
6th Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 6th
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 6 of 11    
-----------------------------------------------------------------------------   
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE         
PERSON (entities only)                                                    

ValueAct Holdings, L.P.                                                   
---------------------------------------------------------------------------     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]   
                                                                   (b) [ ]
-----------------------------------------------------------------------------   
3. SEC USE ONLY                                                                 

---------------------------------------------------------------------------     
4. SOURCE OF FUNDS*                                                             

00*                                                                       
-----------------------------------------------------------------------------   
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                     
PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
-----------------------------------------------------------------------------   
6. CITIZENSHIP OR PLACE OF ORGANIZATION                                         

Delaware                                                                  
-----------------------------------------------------------------------------   
7.  SOLE VOTING POWER                   
0                               
NUMBER OF       ----------------------------------------------------------
SHARES           8.  SHARED VOTING POWER                                  
BENEFICIALLY         25,613,507**                                         
OWNED BY EACH   ----------------------------------------------------------
PERSON WITH      9.  SOLE DISPOSITIVE POWER                               
0                               
                ----------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
25,613,507**                    
-----------------------------------------------------------------------------   
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

25,613,507**                                                            
-----------------------------------------------------------------------------   
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
 CERTAIN SHARES                                                        [ ]
-----------------------------------------------------------------------------   
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

20.9%                                                                   
-----------------------------------------------------------------------------   
14. TYPE OF REPORTING PERSON                                                    

PN                                                                      
-----------------------------------------------------------------------------   
*See Item 3                                                                     
**See Items 2 and 5                                                             

SC 13D/A
7th Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 7th
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 7 of 11    
-----------------------------------------------------------------------------   
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE         
PERSON (entities only)                                                    

ValueAct Holdings II, L.P.                                                
---------------------------------------------------------------------------     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]   
                                                                   (b) [ ]
-----------------------------------------------------------------------------   
3. SEC USE ONLY                                                                 

---------------------------------------------------------------------------     
4. SOURCE OF FUNDS*                                                             

00*                                                                       
-----------------------------------------------------------------------------   
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                     
PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
-----------------------------------------------------------------------------   
6. CITIZENSHIP OR PLACE OF ORGANIZATION                                         

Delaware                                                                  
-----------------------------------------------------------------------------   
7.  SOLE VOTING POWER                   
0                               
NUMBER OF       ----------------------------------------------------------
SHARES           8.  SHARED VOTING POWER                                  
BENEFICIALLY         25,613,507**                                         
OWNED BY EACH   ----------------------------------------------------------
PERSON WITH      9.  SOLE DISPOSITIVE POWER                               
0                               
                ----------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
25,613,507**                    
-----------------------------------------------------------------------------   
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

25,613,507**                                                            
-----------------------------------------------------------------------------   
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
 CERTAIN SHARES                                                        [ ]
-----------------------------------------------------------------------------   
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

20.9%                                                                   
-----------------------------------------------------------------------------   
14. TYPE OF REPORTING PERSON                                                    

PN                                                                      
-----------------------------------------------------------------------------   
*See Item 3                                                                     
**See Items 2 and 5                                                             

SC 13D/A
8th Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 8th
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 8 of 11    
-----------------------------------------------------------------------------   
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE         
PERSON (entities only)                                                    

ValueAct Holdings GP, LLC                                                 
---------------------------------------------------------------------------     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]   
                                                                   (b) [ ]
-----------------------------------------------------------------------------   
3. SEC USE ONLY                                                                 

-----------------------------------------------------------------------------   
4. SOURCE OF FUNDS*                                                             

00*                                                                       
-----------------------------------------------------------------------------   
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                     
PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ] 
-----------------------------------------------------------------------------   
6. CITIZENSHIP OR PLACE OF ORGANIZATION                                         

Delaware                                                                  
-----------------------------------------------------------------------------   
7.  SOLE VOTING POWER                     
0                               
NUMBER OF       ----------------------------------------------------------
SHARES          8.  SHARED VOTING POWER                                   
BENEFICIALLY        25,613,507**                                          
OWNED BY EACH   ----------------------------------------------------------
PERSON WITH     9.  SOLE DISPOSITIVE POWER                                
0                               
                ----------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
25,613,507**                    
-----------------------------------------------------------------------------   
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                

25,613,507**                                                            
-----------------------------------------------------------------------------   
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                      
 CERTAIN SHARES                                                        [ ]
-----------------------------------------------------------------------------   
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          

20.9%                                                                   
-----------------------------------------------------------------------------   
14. TYPE OF REPORTING PERSON                                                    

00 (LLC)                                                                
-----------------------------------------------------------------------------   
*See Item 3                                                                     
**See Items 2 and 5                                                             

SC 13D/A
9th Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 9th
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 9 of 11    
-----------------------------------------------------------------------------   

This Amendment No. 11 supplements the information set forth in the    
Schedule 13D filed by the Reporting Persons with the United States Securities   
and Exchange Commission (the "SEC"), as amended from time to time (the          
"Schedule 13D"), relating to Common Stock, par value $0.01 (the "Common         
Stock"), of Trinity Industries, Inc., a Delaware corporation (the "Issuer").    
All capitalized terms contained herein but not otherwise defined shall have     
the meanings ascribed to such terms in the Schedule 13D.                        

 The information set forth in response to each separate Item below shall
be deemed to be a response to all Items where such information is relevant.     
The Schedule 13D is hereby supplementally amended as follows:                   

Item 3.    Source and Amount of Funds or Other Consideration                    

  The source of funds used for the purchase of the Issuer's securities was
the working capital of ValueAct Master Fund. The aggregate purchase price of    
the Common Stock beneficially owned by the ValueAct Master Fund is              
approximately $446,563,360.                                                     

Item 5.    Interest in Securities of the Issuer                                 

 The responses to Items 3, 4 and 6 of this Schedule 13D are incorporated
herein by reference.                                                            

(a) and (b). Set forth below is the beneficial ownership of shares of 
Common Stock of the Issuer for each person named in Item 2. Shares reported     
as beneficially owned by ValueAct Master Fund are also reported as              
beneficially owned by (i) ValueAct Management L.P. as the manager of each       
such investment partnership, (ii) ValueAct Management LLC, as General           
Partner of ValueAct Management L.P., (iii) ValueAct Holdings, as the majority   
owner of the membership interests of VA Partners I, (iv) ValueAct Holdings      
II, as the sole owner of the limited partnership interests of ValueAct          
Management L.P. and the membership interests of ValueAct Management LLC, and    
(v) ValueAct Holdings GP, as General Partner of ValueAct Holdings and           
ValueAct Holdings II.  Shares reported as beneficially owned by ValueAct        
Master Fund are also reported as beneficially owned by VA Partners I, as        
General Partner of ValueAct Master Fund.  VA Partners I, ValueAct Management    
L.P., ValueAct Management LLC, ValueAct Holdings, ValueAct Holdings II, and     
ValueAct Holdings GP also, directly or indirectly, may own interests in one     
or more than one of the partnerships from time to time.  Unless otherwise       
indicated below, by reason of such relationship ValueAct Master Fund is         
reported as having shared power to vote or to direct the vote, and shared       
power to dispose or direct the disposition of, such shares of Common Stock,     
with VA Partners I (only with respect to ValueAct Master Fund), ValueAct        
Management L.P., ValueAct Management LLC, ValueAct Holdings, ValueAct           
Holdings II, and ValueAct Holdings GP.                                          

  As of the date hereof, the Reporting Persons may be deemed to be the
beneficial owner of 25,613,507 shares of Common Stock, representing             
approximately 20.9% of the Issuer's outstanding Common Stock. All percentages   
set forth in this Schedule 13D are based upon the Issuer's reported             
122,685,077 outstanding shares of Common Stock as of October 17, 2019 as        
reported in the Issuer's Form 10-Q for the quarterly period ended September     
30, 2019.                                                                       

SC 13D/A
10th Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 10th
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 10 of 11   
-----------------------------------------------------------------------------   

(c) The following table sets forth all transactions with respect to   
shares of Common Stock effected since the date of the previous filing to this   
Schedule 13D by the Reporting Persons, inclusive of any transactions effected   
through 4:00 p.m., New York City time, on January 28, 2020. Except as           
otherwise noted below, all such transactions were purchases of                  
shares of Common Stock effected in the open market pursuant to a 10b5-1 plan.   

                            Shares
Reporting Person          Trade Date    Buy/Sell   Bought/Sold    Price/Share   
----------------          ----------    --------   ---------      -----------   
ValueAct Master Fund      01/13/2020      Buy           546        $21.00       
                   01/14/2020      Buy        32,492        $20.85
                   01/15/2020      Buy        89,462        $20.67
                   01/16/2020      Buy           142        $20.98
                                  01/17/2020      Buy        83,924       $20.93
                   01/21/2020      Buy       101,967        $20.37
                   01/22/2020      Buy        92,787        $20.51
                   01/23/2020      Buy       111,076        $20.69
                               01/24/2020      Buy        74,535        $20.75
                   01/27/2020      Buy        92,834        $20.79
                   01/28/2020      Buy        43,744        $20.95

(d) and (e) Not applicable.                                       

SIGNATURE 

After reasonable inquiry and to the best of his knowledge and         
belief, the undersigned certifies that the information set forth in this        
statement is true, complete and correct.                                        

 POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears    
below on this Schedule 13D hereby constitutes and appoints Jeffrey W. Ubben,    
Bradley E. Singer, G. Mason Morfit and Jason B. Breeding, and each of them,     
with full power to act without the other, his or its true and lawful            
attorney-in-fact and agent, with full power of substitution and                 
resubstitution, for him or it and in his or its name, place and stead, in any   
and all capacities (until revoked in writing) to sign any and all amendments    
to this Schedule 13D, and to file the same, with all exhibits thereto and       
other documents in connection therewith, with the Securities and Exchange       
Commission, granting unto said attorneys-in-fact and agents, and each of        
them, full power and authority to do and perform each and every act and thing   
requisite and necessary fully to all intents and purposes as he or it might     
or could do in person, thereby ratifying and confirming all that said           
attorneys-in-fact and agents or any of them, or their or his substitute or      
substitutes, may lawfully do or cause to be done by virtue hereof.              

SC 13D/A
Last Page of 11
TOC
1st
Previous
Next
↓Bottom
Just 11th
SCHEDULE 13D    
--------------------------                          -------------------------   
CUSIP NO. 896522109                                             Page 11 of 11   
-----------------------------------------------------------------------------   

                 ValueAct Capital Master Fund L.P., by
                   VA Partners I, LLC, its General Partner

          By:     /s/  Bradley E. Singer
                      --------------------------------------
Dated:  January 28, 2020          Bradley E. Singer, Chief Operating Officer    

VA Partners I, LLC  

         By:    /s/  Bradley E. Singer
                      --------------------------------------
Dated:  January 28, 2020          Bradley E. Singer, Chief Operating Officer    

                 ValueAct Capital Management, L.P., by
                ValueAct Capital Management, LLC its
General Partner     

         By:    /s/  Bradley E. Singer
                      --------------------------------------
Dated:  January 28, 2020          Bradley E. Singer, Chief Operating Officer    

            ValueAct Capital Management, LLC

         By:    /s/  Bradley E. Singer
                      --------------------------------------
Dated:  January 28, 2020          Bradley E. Singer, Chief Operating Officer    

       ValueAct Holdings, L.P., by
                          ValueAct Holdings GP, LLC, its General Partner

         By:    /s/  Bradley E. Singer
                      --------------------------------------
Dated:  January 28, 2020          Bradley E. Singer, Chief Operating Officer    

                   ValueAct Holdings II, L.P., by ValueAct
                 Holdings GP, LLC, its General Partner

          By:     /s/  Bradley E. Singer
                      --------------------------------------
Dated:  January 28, 2020          Bradley E. Singer, Chief Operating Officer    

     ValueAct Holdings GP, LLC

         By:    /s/  Bradley E. Singer
                      --------------------------------------
Dated:  January 28, 2020          Bradley E. Singer, Chief Operating Officer    

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D/A’ Filing		Date		First		Last			Other Filings
Filed on:		1/28/20		10		11
		1/24/20		1					4
		10/17/19		9
		9/30/19		9					10-Q,  4
									List all Filings