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GRAVITY Co., Ltd. Major Shareholding Notification 2009

Aug 24, 2009

32917_mrq_2009-08-24_1738c64b-e9cb-4cb8-b80d-dde455aa6c83.zip

Major Shareholding Notification

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SC 13D/A 1 sc13da1406297047_08202009.htm AMENDMENT NO. 14 TO THE SCHEDULE 13D sc13da1406297047_08202009.htm Licensed to: Olshan Document Created using EDGARizer 4.0.7.0 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 14) 1

Gravity Co., Ltd.

(Name of Issuer)

Common Stock , Par Value Won 500 Per Share

(Title of Class of Securities)

38911N107

(CUSIP Number)

STEVEN WOLOSKY, ESQ.

OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP

Park Avenue Tower

65 East 55th Street

New York, New York 10022

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

August 20, 2009

(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 § 240.13d-7 for other parties to whom copies are to be sent.


1 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.

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 (however, see the Notes ).

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS WC | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON CO | |

2

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON PARCHE, LLC | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS WC | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON OO | |

3

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON RAMIUS ENTERPRISE MASTER FUND LTD | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS OO | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON OO | |

4

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON RCG STARBOARD ADVISORS, LLC | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS OO | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON OO | |

5

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON RAMIUS ADVISORS, LLC | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS WC | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON IA, OO | |

6

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON RCG PB, LTD | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS WC | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON CO | |

7

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON RAMIUS LLC | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS OO | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON OO | |

8

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON C4S & CO., L.L.C. | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS OO | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON OO | |

9

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON PETER A. COHEN | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS OO | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON IN | |

10

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON MORGAN B. STARK | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS OO | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON IN | |

11

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON THOMAS W. STRAUSS | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS OO | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON IN | |

12

CUSIP NO. 38911N107

| 1 | NAME OF REPORTING PERSON JEFFREY M. SOLOMON | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x (b) o | | 3 | SEC USE ONLY | | | 4 | SOURCE OF FUNDS OO | | | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER - 0

  • | | | 8 | SHARED VOTING POWER - 0
  • | | | 9 | SOLE DISPOSITIVE POWER - 0
  • | | | 10 | SHARED DISPOSITIVE POWER - 0
  • | | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
  • | | | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% | | | 14 | TYPE OF REPORTING PERSON IN | |

13

CUSIP NO. 38911N107

This Amendment No. 14 (“Amendment No. 14”) amends the statement on Schedule 13D dated March 28, 2006 as amended by Amendment No. 1 dated May 2, 2006, Amendment No. 2 dated May 23, 2006, Amendment No. 3 dated June 1, 2006, Amendment No. 4 dated July 14, 2006, Amendment No. 5 dated July 26, 2006, Amendment No. 6 dated August 22, 2006, Amendment No. 7 dated August 25, 2006, Amendment No. 8 dated October 31, 2006, Amendment No. 9 dated November 8, 2006, Amendment No. 10 dated November 20, 2006, Amendment No. 11 dated February 13, 2008, Amendment No. 12 dated July 10, 2009 and Amendment No. 13 dated August 6, 2009 (the “Original Statement”). Any capitalized terms used in this Amendment No. 14 and not otherwise defined herein shall have the meanings ascribed to such terms in the Original Statement.

On August 20, 2009, in accordance with the terms of that certain Sharing Agreement, dated as of March 28, 2006, between the Reporting Persons and representatives of Moon Capital Management LP and certain of its affiliates (collectively, “Moon Capital”), the Reporting Persons delivered notice to Moon Capital that they were terminating their obligations under the Sharing Agreement. Accordingly, the Reporting Persons are no longer members of a group with Moon Capital with respect to the securities of the Issuer.

ITEM 3. Source and Amount of Funds or Other Consideration .

Item 3 is hereby amended and restated to read as follows:

As of the close of business August 21, 2009, the Reporting Persons did not own any shares of Common Stock.

ITEM 5. Interest in Securities of the Issuer .

Item 5(a-c) and (e) are each hereby amended and restated to read as follows:

(a-b) As of the close of business August 21, 2009, the Reporting Persons did not own any shares of Common Stock.

(c) The transactions in the shares of Common Stock by the Reporting Persons since the filing of Amendment No. 13 are set forth in Schedule A and are incorporated by reference.

(e) As of August 4, 2009, the Reporting Persons ceased to be beneficial owners of more than 5% of the securities of the Issuer.

17

CUSIP NO. 38911N107

SIGNATURES

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

Dated: August 24, 2009

| RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD — By: | RGC Starboard Advisors, LLC, its investment manager | RCG PB, LTD — By: | Ramius Advisors, L.L.C., its investment advisor | | --- | --- | --- | --- | | By: | Ramius LLC, its sole member | By: | Ramius LLC, its sole member | | By: | C4S & Co., L.L.C., its managing member | By: | C4S & Co., L.L.C., its managing member |

| RAMIUS ADVISORS, LLC — By: | Ramius LLC, its sole member | RAMIUS ENTERPRISE MASTER FUND LTD — By: | Ramius Advisors, L.L.C., its investment advisor | | --- | --- | --- | --- | | By: | C4S & Co., L.L.C., its managing member | By: | Ramius LLC, its sole member | | | | By: | C4S & Co., L.L.C., its managing member |

| PARCHE, LLC — By: | RCG Starboard Advisors, LLC, its managing member | RCG STARBOARD ADVISORS, LLC — By: | Ramius LLC, its sole member | | --- | --- | --- | --- | | By: | Ramius LLC, its sole member | By: | C4S & Co., L.L.C., its managing member | | By: | C4S & Co., L.L.C., its managing member | | |

| RAMIUS

LLC
By: C4S
& Co., L.L.C., as
managing member
By:
Name: Jeffrey
M. Solomon
Title: Authorized
Signatory

| /s/

Jeffrey M. Solomon
JEFFREY
M. SOLOMON
Individually
and as attorney-in-fact for Peter A. Cohen, Morgan B. Stark and Thomas W.
Strauss

18

CUSIP NO. 38911N107

SCHEDULE A

Transactions in the Securities of the Issuer Since the Filing of Amendment No. 13 to the Schedule 13D

Class of Security Securities Purchased/(Sold) Price ($) Date of Purchase/Sale

Parche, LLC

| American

depositary shares 1 (26) 1.6900 08/05/09
American
depositary shares (57) 1.6900 08/05/09
American
depositary shares (712) 1.6453 08/06/09
American
depositary shares (129) 1.6442 08/06/09
American
depositary shares (1,581) 1.6453 08/06/09
American
depositary shares (286) 1.6442 08/06/09
American
depositary shares (10,410) 1.8599 08/07/09
American
depositary shares (2,189) 1.7613 08/07/09
American
depositary shares (3,601) 1.8427 08/07/09
American
depositary shares (4,422) 1.8599 08/07/09
American
depositary shares (4,864) 1.7613 08/07/09
American
depositary shares (8,001) 1.8427 08/07/09
American
depositary shares (196) 2.0607 08/10/09
American
depositary shares (1,380) 2.1272 08/10/09
American
depositary shares (1,199) 2.0607 08/10/09
American
depositary shares (8,421) 2.1272 08/10/09
American
depositary shares (536) 2.0568 08/11/09
American
depositary shares (3,267) 2.0568 08/11/09
American
depositary shares (31) 2.1514 08/12/09
American
depositary shares (186) 2.1387 08/12/09
American
depositary shares (190) 2.1514 08/12/09
American
depositary shares (1,134) 2.1387 08/12/09
American
depositary shares (155) 2.0528 08/13/09
American
depositary shares (308) 2.0607 08/13/09
American
depositary shares (943) 2.0528 08/13/09
American
depositary shares (1,879) 2.0607 08/13/09
American
depositary shares (12) 2.0000 08/14/09
American
depositary shares (719) 2.1757 08/14/09
American
depositary shares (74) 2.0000 08/14/09
American
depositary shares (4,386) 2.1757 08/14/09
American
depositary shares (283) 2.0606 08/17/09
American
depositary shares (1,728) 2.0606 08/17/09
American
depositary shares (91) 2.0748 08/18/09
American
depositary shares (557) 2.0748 08/18/09
American
depositary shares (155) 2.0451 08/19/09
American
depositary shares (948) 2.0451 08/19/09

| American

depositary shares (505) 2.4025 08/20/09
American
depositary shares (201) 2.5232 08/20/09
American
depositary shares (3,077) 2.4025 08/20/09
American
depositary shares (1,226) 2.5232 08/20/09
American
depositary shares (65) 2.3621 08/21/09
American
depositary shares (399) 2.3621 08/21/09

1 American depositary shares each represent one-fourth of a share of Common Stock.

19

CUSIP NO. 38911N107

Ramius Value and Opportunity Master Fund Ltd

| American

depositary shares (882) 1.6900 08/05/09
American
depositary shares (24,384) 1.6453 08/06/09
American
depositary shares (4,411) 1.6442 08/06/09
American
depositary shares (68,178) 1.8599 08/07/09
American
depositary shares (74,991) 1.7613 08/07/09
American
depositary shares (123,355) 1.8427 08/07/09
American
depositary shares (18,480) 2.0607 08/10/09
American
depositary shares (129,828) 2.1272 08/10/09
American
depositary shares (33,359) 2.0568 08/11/09
American
depositary shares (17,012) 2.0568 08/11/09

Common Stock (105,973) * 2.6000 08/12/09

| American

depositary shares 423,892 * 2.6000 08/12/09
American
depositary shares (7,779) 2.1514 08/12/09
American
depositary shares (46,536) 2.1387 08/12/09
American
depositary shares (38,717) 2.0528 08/13/09
American
depositary shares (77,144) 2.0607 08/13/09
American
depositary shares (3,020) 2.0000 08/14/09
American
depositary shares (180,015) 2.1757 08/14/09
American
depositary shares (70,926) 2.0606 08/17/09
American
depositary shares (22,880) 2.0748 08/18/09
American
depositary shares (38,895) 2.0451 08/19/09

| American

depositary shares (126,322) 2.4025 08/20/09
American
depositary shares (50,335) 2.5232 08/20/09
American
depositary shares (16,373) 2.3621 08/21/09
  • Represents the conversion of 105,973 shares of Common Stock into 423,892 American depositary shares.

20

CUSIP NO. 38911N107

RCG PB, Ltd

| American

depositary shares (135) 1.6900 08/05/09
American
depositary shares (3,723) 1.6453 08/06/09
American
depositary shares (674) 1.6442 08/06/09
American
depositary shares (1,990) 1.8599 08/07/09
American
depositary shares (11,450) 1.7613 08/07/09
American
depositary shares (18,835) 1.8427 08/07/09
American
depositary shares (3,165) 2.0607 08/10/09
American
depositary shares (22,232) 2.1272 08/10/09
American
depositary shares (8,626) 2.0568 08/11/09
American
depositary shares (500) 2.1514 08/12/09
American
depositary shares (2,994) 2.1387 08/12/09
American
depositary shares (2,491) 2.0528 08/13/09
American
depositary shares (4,963) 2.0607 08/13/09
American
depositary shares (194) 2.0000 08/14/09
American
depositary shares (11,580) 2.1757 08/14/09
American
depositary shares (4,563) 2.0606 08/17/09
American
depositary shares (1,472) 2.0748 08/18/09
American
depositary shares (2,502) 2.0451 08/19/09

| American

depositary shares (8,126) 2.4025 08/20/09
American
depositary shares (3,238) 2.5232 08/20/09
American
depositary shares (1,053) 2.3621 08/21/09

21