Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ITRON, INC. Major Shareholding Notification 2016

Mar 14, 2016

30958_mrq_2016-03-14_0c835e5c-8b0f-41b4-9e00-6594172dcd54.zip

Major Shareholding Notification

Open in viewer

Opens in your device viewer

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. 8) 1

Itron, Inc.

(Name of Issuer)

Common Stock , no par value per share

(Title of Class of Securities)

465741106

(CUSIP Number)

SAMANTHA NASELLO

SCOPIA CAPITAL MANAGEMENT LP

152 West 57th Street, 33rd Floor

New York, New York 10019

(212) 370-0303

STEVE WOLOSKY

OLSHAN FROME WOLOSKY LLP

Park Avenue Tower

65 East 55 th Street

New York, New York 10022

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

March 10, 2016

(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. 465741106

1 NAME OF REPORTING PERSON SCOPIA LONG LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 38,531
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 38,531
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 38,531
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1%
14 TYPE OF REPORTING PERSON OO

2

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA LB LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 60,250
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 60,250
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,250
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1%
14 TYPE OF REPORTING PERSON OO

3

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA PX LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 1,231,957
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 1,231,957
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,231,957
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.3%
14 TYPE OF REPORTING PERSON OO

4

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA PARTNERS LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 34,060
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 34,060
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 34,060
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1%
14 TYPE OF REPORTING PERSON OO

5

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA LONG QP LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 19,441
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 19,441
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,441
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1%
14 TYPE OF REPORTING PERSON OO

6

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA WINDMILL FUND LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 863,946
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 863,946
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 863,946
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.3%
14 TYPE OF REPORTING PERSON PN

7

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA INTERNATIONAL MASTER FUND LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 BERMUDA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 214,817
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 214,817
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 214,817
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1%
14 TYPE OF REPORTING PERSON PN

8

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA PX INTERNATIONAL MASTER FUND LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 BERMUDA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 1,553,256
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 1,553,256
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,553,256
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.1%
14 TYPE OF REPORTING PERSON PN

9

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA LB INTERNATIONAL MASTER FUND LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 BERMUDA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 153,990
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 153,990
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 153,990
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1%
14 TYPE OF REPORTING PERSON PN

10

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA LONG INTERNATIONAL MASTER FUND LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (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 BERMUDA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 161,855
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 161,855
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 161,855
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1%
14 TYPE OF REPORTING PERSON PN

11

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA CAPITAL GP LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o
3 SEC USE ONLY
4 SOURCE OF FUNDS AF
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 4,332,103
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 4,332,103
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,332,103
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.4%
14 TYPE OF REPORTING PERSON OO

12

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA CAPITAL MANAGEMENT LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o
3 SEC USE ONLY
4 SOURCE OF FUNDS AF, 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 4,392,849
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 4,392,849
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,392,849
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.6%
14 TYPE OF REPORTING PERSON PN

13

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON SCOPIA MANAGEMENT, INC.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o
3 SEC USE ONLY
4 SOURCE OF FUNDS AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
6 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 4,392,849
8 SHARED VOTING POWER - 0 -
9 SOLE DISPOSITIVE POWER 4,392,849
10 SHARED DISPOSITIVE POWER - 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,392,849
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.6%
14 TYPE OF REPORTING PERSON CO

14

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON MATTHEW SIROVICH
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o
3 SEC USE ONLY
4 SOURCE OF FUNDS AF
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 4,392,849
9 SOLE DISPOSITIVE POWER - 0 -
10 SHARED DISPOSITIVE POWER 4,392,849
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,392,849
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.6%
14 TYPE OF REPORTING PERSON IN

15

CUSIP NO. 465741106

1 NAME OF REPORTING PERSON JEREMY MINDICH
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o
3 SEC USE ONLY
4 SOURCE OF FUNDS AF
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 4,392,849
9 SOLE DISPOSITIVE POWER - 0 -
10 SHARED DISPOSITIVE POWER 4,392,849
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,392,849
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.6%
14 TYPE OF REPORTING PERSON IN

16

CUSIP NO. 465741106

The following constitutes Amendment No. 8 to the Schedule 13D filed by the undersigned (“Amendment No. 8”). This Amendment No. 8 amends the Schedule 13D as specifically set forth herein.

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

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

The Shares purchased by each of Scopia Long, Scopia LB, Scopia PX, Scopia Partners, Scopia Long QP, Scopia Windmill, Scopia International, Scopia PX International, Scopia LB International, Scopia Long International and held in the Managed Account were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A, which is incorporated by reference herein.

The aggregate purchase price of the 38,531 Shares beneficially owned by Scopia Long is approximately $1,326,260, excluding brokerage commissions.

The aggregate purchase price of the 60,250 Shares beneficially owned by Scopia LB is approximately $2,052,151, excluding brokerage commissions.

The aggregate purchase price of the 1,231,957 Shares beneficially owned by Scopia PX is approximately $41,966,453, excluding brokerage commissions.

The aggregate purchase price of the 34,060 Shares beneficially owned by Scopia Partners is approximately $1,152,633, excluding brokerage commissions.

The aggregate purchase price of the 19,441 Shares beneficially owned by Scopia Long QP is approximately $731,833, excluding brokerage commissions.

The aggregate purchase price of the 863,946 Shares beneficially owned by Scopia Windmill is approximately $29,452,766, excluding brokerage commissions.

The aggregate purchase price of the 214,817 Shares beneficially owned by Scopia International is approximately $7,259,384, excluding brokerage commissions.

The aggregate purchase price of the 1,553,256 Shares beneficially owned by Scopia PX International is approximately $52,570,132, excluding brokerage commissions.

The aggregate purchase price of the 153,990 Shares beneficially owned by Scopia LB International is approximately $5,231,567, excluding brokerage commissions.

The aggregate purchase price of the 161,855 Shares beneficially owned by Scopia Long International is approximately $5,570,614, excluding brokerage commissions.

The aggregate purchase price of the 60,746 Shares held in the Managed Account is approximately $2,017,520, excluding brokerage commissions.

ITEM 5. Interest in Securities of the Issuer.

Items 5(a) – (c) are hereby amended and restated to read as follows:

17

CUSIP NO. 465741106

The aggregate percentage of Shares reported owned by each person named herein is based upon 37,897,742 Shares outstanding as of October 31, 2015, which is the total number of Shares outstanding as reported in the Issuer’s quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on November 5, 2015.

A. Scopia Long

(a) As of the close of business on March 11, 2016, Scopia Long beneficially owned 38,531 Shares.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 38,531

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 38,531

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

(c) The transactions in the securities of the Issuer by Scopia Long since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

B. Scopia LB

(a) As of the close of business on March 11, 2016, Scopia LB beneficially owned 60,250 Shares.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 60,250

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 60,250

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

(c) The transactions in the securities of the Issuer by Scopia LB since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

C. Scopia PX

(a) As of the close of business on March 11, 2016, Scopia PX beneficially owned 1,231,957 Shares.

Percentage: Approximately 3.3%

(b) 1. Sole power to vote or direct vote: 1,231,957

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 1,231,957

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

18

CUSIP NO. 465741106

(c) The transactions in the securities of the Issuer by Scopia PX since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

D. Scopia Partners

(a) As of the close of business on March 11, 2016, Scopia Partners beneficially owned 34,060 Shares.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 34,060

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 34,060

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

(c) The transactions in the securities of the Issuer by Scopia Partners since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

E. Scopia Long QP

(a) As of the close of business on March 11, 2016, Scopia Long QP beneficially owned 19,441 Shares.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 19,441

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 19,441

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

(c) The transactions in the securities of the Issuer by Scopia Long QP since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

F. Scopia Windmill

(a) As of the close of business on March 11, 2016, Scopia Windmill beneficially owned 863,946 Shares.

Percentage: Approximately 2.3%

(b) 1. Sole power to vote or direct vote: 863,946

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 863,946

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

(c) The transactions in the securities of the Issuer by Scopia Windmill since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

19

CUSIP NO. 465741106

G. Scopia International

(a) As of the close of business on March 11, 2016, Scopia International beneficially owned 214,817 Shares.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 214,817

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 214,817

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

(c) The transactions in the securities of the Issuer by Scopia International since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

H. Scopia PX International

(a) As of the close of business on March 11, 2016, Scopia PX International beneficially owned 1,553,256 Shares.

Percentage: Approximately 4.1%

(b) 1. Sole power to vote or direct vote: 1,553,256

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 1,553,256

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

(c) The transactions in the securities of the Issuer by Scopia PX International since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

I. Scopia LB International

(a) As of the close of business on March 11, 2016, Scopia LB International beneficially owned 153,990 Shares.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 153,990

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 153,990

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

(c) The transactions in the securities of the Issuer by Scopia LB International since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

J. Scopia Long International

(a) As of the close of business on March 11, 2016, Scopia Long International beneficially owned 161,855 Shares.

Percentage: Less than 1%

20

CUSIP NO. 465741106

(b) 1. Sole power to vote or direct vote: 161,855

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 161,855

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

(c) The transactions in the securities of the Issuer by Scopia Long International since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

K. Scopia Capital

(a) Scopia Capital, as the Managing Member of each of Scopia Long, Scopia LB, Scopia PX, Scopia Partners and Scopia Long QP, and the general partner of each of Scopia Windmill, Scopia International, Scopia PX International, Scopia LB International and Scopia Long International, may be deemed the beneficial owner of the: (i) 38,531 Shares owned by Scopia Long; (ii) 60,250 Shares owned by Scopia LB; (iii) 1,231,957 Shares owned by Scopia PX; (iv) 34,060 Shares owned by Scopia Partners; (v) 19,441 Shares owned by Scopia Long QP; (vi) 863,946 Shares owned by Scopia Windmill; (vii) 214,817 Shares owned by Scopia International; (viii) 1,553,256 Shares owned by Scopia PX International; (ix) 153,990 Shares owned by Scopia LB International; and (x) 161,855 Shares owned by Scopia Long International.

Percentage: Approximately 11.4%

(b) 1. Sole power to vote or direct vote: 4,332,103

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 4,332,103

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

(c) Scopia Capital has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 7 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of each of Scopia Long, Scopia LB, Scopia PX, Scopia Partners, Scopia Long QP, Scopia Windmill, Scopia International, Scopia PX International, Scopia LB International and Scopia Long International since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

L. Scopia Management

(a) As of the close of business on March 11, 2016, 60,746 Shares were held in the Managed Account. Scopia Management, as the Investment Manager of each of Scopia Long, Scopia LB, Scopia PX, Scopia Partners, Scopia Long QP, Scopia Windmill, Scopia International, Scopia PX International, Scopia LB International, Scopia Long International and the Managed Account, may be deemed the beneficial owner of the: (i) 38,531 Shares owned by Scopia Long; (ii) 60,250 Shares owned by Scopia LB; (iii) 1,231,957 Shares owned by Scopia PX; (iv) 34,060 Shares owned by Scopia Partners; (v) 19,441 Shares owned by Scopia Long QP; (vi) 863,946 Shares owned by Scopia Windmill; (vii) 214,817 Shares owned by Scopia International; (viii) 1,553,256 Shares owned by Scopia PX International; (ix) 153,990 Shares owned by Scopia LB International; (x) 161,855 Shares owned by Scopia Long International; and (xi) 60,746 Shares held in the Managed Account.

Percentage: Approximately 11.6%

21

CUSIP NO. 465741106

(b) 1. Sole power to vote or direct vote: 4,392,849

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 4,392,849

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

(c) The transactions in the securities of the Issuer by Scopia Management through the Managed Account and on behalf of each of Scopia Long, Scopia LB, Scopia PX, Scopia Partners, Scopia Long QP, Scopia Windmill, Scopia International, Scopia PX International, Scopia LB International and Scopia Long International since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

M. Scopia Inc.

(a) Scopia Inc., as the general partner of Scopia Management, may be deemed the beneficial owner of the: (i) 38,531 Shares owned by Scopia Long; (ii) 60,250 Shares owned by Scopia LB; (iii) 1,231,957 Shares owned by Scopia PX; (iv) 34,060 Shares owned by Scopia Partners; (v) 19,441 Shares owned by Scopia Long QP; (vi) 863,946 Shares owned by Scopia Windmill; (vii) 214,817 Shares owned by Scopia International; (viii) 1,553,256 Shares owned by Scopia PX International; (ix) 153,990 Shares owned by Scopia LB International; (x) 161,855 Shares owned by Scopia Long International; and (xi) 60,746 Shares held in the Managed Account.

Percentage: Approximately 11.6%

(b) 1. Sole power to vote or direct vote: 4,392,849

  1. Shared power to vote or direct vote: 0

  2. Sole power to dispose or direct the disposition: 4,392,849

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

(c) Scopia Inc. has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 7 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of each of Scopia Long, Scopia LB, Scopia PX, Scopia Partners, Scopia Long QP, Scopia Windmill, Scopia International, Scopia PX International, Scopia LB International, Scopia Long International and through the Managed Account since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

N. Mr. Sirovich

(a) Mr. Sirovich, as a Managing Member of Scopia Capital and Managing Director of Scopia Inc., may be deemed the beneficial owner of the: (i) 38,531 Shares owned by Scopia Long; (ii) 60,250 Shares owned by Scopia LB; (iii) 1,231,957 Shares owned by Scopia PX; (iv) 34,060 Shares owned by Scopia Partners; (v) 19,441 Shares owned by Scopia Long QP; (vi) 863,946 Shares owned by Scopia Windmill; (vii) 214,817 Shares owned by Scopia International; (viii) 1,553,256 Shares owned by Scopia PX International; (ix) 153,990 Shares owned by Scopia LB International; (x) 161,855 Shares owned by Scopia Long International; and (xi) 60,746 Shares held in the Managed Account.

Percentage: Approximately 11.6%

22

CUSIP NO. 465741106

(b) 1. Sole power to vote or direct vote: 0

  1. Shared power to vote or direct vote: 4,392,849

  2. Sole power to dispose or direct the disposition: 0

  3. Shared power to dispose or direct the disposition: 4,392,849

(c) Mr. Sirovich has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 7 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of each of Scopia Long, Scopia LB, Scopia PX, Scopia Partners, Scopia Long QP, Scopia Windmill, Scopia International, Scopia PX International, Scopia LB International, Scopia Long International and through the Managed Account since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

O. Mr. Mindich

(a) Mr. Mindich, as a Managing Member of Scopia Capital and Managing Director of Scopia Inc., may be deemed the beneficial owner of the: (i) 38,531 Shares owned by Scopia Long; (ii) 60,250 Shares owned by Scopia LB; (iii) 1,231,957 Shares owned by Scopia PX; (iv) 34,060 Shares owned by Scopia Partners; (v) 19,441 Shares owned by Scopia Long QP; (vi) 863,946 Shares owned by Scopia Windmill; (vii) 214,817 Shares owned by Scopia International; (viii) 1,553,256 Shares owned by Scopia PX International; (ix) 153,990 Shares owned by Scopia LB International; (x) 161,855 Shares owned by Scopia Long International; and (xi) 60,746 Shares held in the Managed Account.

Percentage: Approximately 11.6%

(b) 1. Sole power to vote or direct vote: 0

  1. Shared power to vote or direct vote: 4,392,849

  2. Sole power to dispose or direct the disposition: 0

  3. Shared power to dispose or direct the disposition: 4,392,849

(c) Mr. Mindich has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 7 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of each of Scopia Long, Scopia LB, Scopia PX, Scopia Partners, Scopia Long QP, Scopia Windmill, Scopia International, Scopia PX International, Scopia LB International, Scopia Long International and through the Managed Account since the filing of Amendment No. 7 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

The Reporting Persons, as members of a “group” for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. Each Reporting Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

23

CUSIP NO. 465741106

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: March 14, 2016

SCOPIA LONG LLC SCOPIA LB LLC SCOPIA PX LLC SCOPIA PARTNERS LLC SCOPIA LONG QP LLC SCOPIA LONG INTERNATIONAL MASTER FUND LP SCOPIA WINDMILL FUND LP SCOPIA INTERNATIONAL MASTER FUND LP SCOPIA PX INTERNATIONAL MASTER FUND LP SCOPIA LB INTERNATIONAL MASTER FUND LP

By: Scopia Capital Management LP
Investment Manager
By: Scopia Management, Inc.
General Partner
By: /s/ Matthew Sirovich
Name: Matthew Sirovich
Title: Managing Director
SCOPIA CAPITAL MANAGEMENT LP — By: Scopia Management, Inc. General Partner
By: /s/ Matthew Sirovich
Name: Matthew Sirovich
Title: Managing Director
/s/ Matthew Sirovich By: /s/ Matthew Sirovich
Name: Matthew Sirovich Name: Matthew Sirovich
Title: Managing Member Title: Managing Director
/s/ Matthew Sirovich
MATTHEW SIROVICH
/s/ Jeremy Mindich
JEREMY MINDICH

24

CUSIP NO. 465741106

SCHEDULE A

Transactions in the Securities of the Issuer Since the filing of Amendment No. 7 to the Schedule 13D

Nature of the Transaction Amount of Securities Purchased/(Sold) Price Per Share ($) Date of Purchase/Sale

SCOPIA LONG LLC

Purchase of Common Stock 67 39.8192 02/22/2016
Purchase of Common Stock 143 40.0338 02/23/2016
Purchase of Common Stock 249 40.0507 02/24/2016
Purchase of Common Stock 748 40.1167 02/24/2016
Purchase of Common Stock 471 39.9170 02/25/2016
Purchase of Common Stock 188 39.9749 02/26/2016
Purchase of Common Stock 233 40.0306 02/29/2016
Purchase of Common Stock 236 39.7213 03/01/2016
Purchase of Common Stock 169 40.0987 03/02/2016
Purchase of Common Stock 299 40.7767 03/03/2016
Purchase of Common Stock 267 41.5178 03/04/2016
Purchase of Common Stock 25 41.6553 03/07/2016
Purchase of Common Stock 267 41.3644 03/08/2016
Purchase of Common Stock 267 41.9082 03/09/2016
Purchase of Common Stock 267 42.1146 03/10/2016
Purchase of Common Stock 35 42.4919 03/11/2016

SCOPIA LB LLC

Purchase of Common Stock 124 39.8192 02/22/2016
Purchase of Common Stock 248 40.0338 02/23/2016
Purchase of Common Stock 432 40.0507 02/24/2016
Purchase of Common Stock 1,296 40.1167 02/24/2016
Purchase of Common Stock 815 39.9170 02/25/2016
Purchase of Common Stock 325 39.9749 02/26/2016
Purchase of Common Stock 404 40.0306 02/29/2016
Purchase of Common Stock 405 39.7213 03/01/2016
Purchase of Common Stock 290 40.0987 03/02/2016
Purchase of Common Stock 512 40.7767 03/03/2016
Purchase of Common Stock 457 41.5178 03/04/2016
Purchase of Common Stock 43 41.6553 03/07/2016
Purchase of Common Stock 457 41.3644 03/08/2016
Purchase of Common Stock 457 41.9082 03/09/2016
Purchase of Common Stock 457 42.1146 03/10/2016
Purchase of Common Stock 60 42.4919 03/11/2016

SCOPIA PX LLC

Purchase of Common Stock 2,443 39.8192 02/22/2016
Purchase of Common Stock 3,753 40.0338 02/23/2016
Purchase of Common Stock 6,549 40.0507 02/24/2016

CUSIP NO. 465741106

Purchase of Common Stock 19,647 40.1167 02/24/2016
Purchase of Common Stock 12,353 39.9170 02/25/2016
Purchase of Common Stock 4,924 39.9749 02/26/2016
Purchase of Common Stock 6,129 40.0306 02/29/2016
Purchase of Common Stock 7,993 39.7213 03/01/2016
Purchase of Common Stock 5,723 40.0987 03/02/2016
Purchase of Common Stock 10,120 40.7767 03/03/2016
Purchase of Common Stock 9,038 41.5178 03/04/2016
Purchase of Common Stock 841 41.6553 03/07/2016
Purchase of Common Stock 9,037 41.3644 03/08/2016
Purchase of Common Stock 9,036 41.9082 03/09/2016
Purchase of Common Stock 9,037 42.1146 03/10/2016
Purchase of Common Stock 1,181 42.4919 03/11/2016

SCOPIA PARTNERS LLC

Purchase of Common Stock 69 39.8192 02/22/2016
Purchase of Common Stock 106 40.0338 02/23/2016
Purchase of Common Stock 186 40.0507 02/24/2016
Purchase of Common Stock 557 40.1167 02/24/2016
Purchase of Common Stock 350 39.9170 02/25/2016
Purchase of Common Stock 140 39.9749 02/26/2016
Purchase of Common Stock 174 40.0306 02/29/2016
Purchase of Common Stock 139 39.7213 03/01/2016
Purchase of Common Stock 100 40.0987 03/02/2016
Purchase of Common Stock 176 40.7767 03/03/2016
Purchase of Common Stock 157 41.5178 03/04/2016
Purchase of Common Stock 15 41.6553 03/07/2016
Purchase of Common Stock 157 41.3644 03/08/2016
Purchase of Common Stock 157 41.9082 03/09/2016
Purchase of Common Stock 157 42.1146 03/10/2016
Purchase of Common Stock 21 42.4919 03/11/2016

SCOPIA LONG QP LLC

Purchase of Common Stock 34 39.8192 02/22/2016
Purchase of Common Stock 71 40.0338 02/23/2016
Purchase of Common Stock 125 40.0507 02/24/2016
Purchase of Common Stock 374 40.1167 02/24/2016
Purchase of Common Stock 235 39.9170 02/25/2016
Purchase of Common Stock 94 39.9749 02/26/2016
Purchase of Common Stock 116 40.0306 02/29/2016
Purchase of Common Stock 118 39.7213 03/01/2016
Purchase of Common Stock 84 40.0987 03/02/2016
Purchase of Common Stock 149 40.7767 03/03/2016
Purchase of Common Stock 133 41.5178 03/04/2016
Purchase of Common Stock 12 41.6553 03/07/2016
Purchase of Common Stock 133 41.3644 03/08/2016
Purchase of Common Stock 133 41.9082 03/09/2016
Purchase of Common Stock 133 42.1146 03/10/2016
Purchase of Common Stock 17 42.4919 03/11/2016

CUSIP NO. 465741106

SCOPIA WINDMILL FUND LP

Purchase of Common Stock 1,803 39.8192 02/22/2016
Purchase of Common Stock 2,993 40.0338 02/23/2016
Purchase of Common Stock 5,222 40.0507 02/24/2016
Purchase of Common Stock 15,667 40.1167 02/24/2016
Purchase of Common Stock 9,851 39.9170 02/25/2016
Purchase of Common Stock 3,927 39.9749 02/26/2016
Purchase of Common Stock 4,887 40.0306 02/29/2016
Purchase of Common Stock 3,739 39.7213 03/01/2016
Purchase of Common Stock 2,677 40.0987 03/02/2016
Purchase of Common Stock 4,734 40.7767 03/03/2016
Purchase of Common Stock 4,226 41.5178 03/04/2016
Purchase of Common Stock 394 41.6553 03/07/2016
Purchase of Common Stock 4,226 41.3644 03/08/2016
Purchase of Common Stock 4,227 41.9082 03/09/2016
Purchase of Common Stock 4,226 42.1146 03/10/2016
Purchase of Common Stock 552 42.4919 03/11/2016

SCOPIA INTERNATIONAL MASTER FUND LP

Purchase of Common Stock 437 39.8192 02/22/2016
Purchase of Common Stock 678 40.0338 02/23/2016
Purchase of Common Stock 1,183 40.0507 02/24/2016
Purchase of Common Stock 3,550 40.1167 02/24/2016
Purchase of Common Stock 2,232 39.9170 02/25/2016
Purchase of Common Stock 890 39.9749 02/26/2016
Purchase of Common Stock 1,107 40.0306 02/29/2016
Purchase of Common Stock 875 39.7213 03/01/2016
Purchase of Common Stock 627 40.0987 03/02/2016
Purchase of Common Stock 1,108 40.7767 03/03/2016
Purchase of Common Stock 989 41.5178 03/04/2016
Purchase of Common Stock 92 41.6553 03/07/2016
Purchase of Common Stock 990 41.3644 03/08/2016
Purchase of Common Stock 989 41.9082 03/09/2016
Purchase of Common Stock 990 42.1146 03/10/2016
Purchase of Common Stock 129 42.4919 03/11/2016

SCOPIA PX INTERNATIONAL MASTER FUND LP

Purchase of Common Stock 3,149 39.8192 02/22/2016
Purchase of Common Stock 4,888 40.0338 02/23/2016
Purchase of Common Stock 8,529 40.0507 02/24/2016
Purchase of Common Stock 25,584 40.1167 02/24/2016
Purchase of Common Stock 16,086 39.9170 02/25/2016
Purchase of Common Stock 6,411 39.9749 02/26/2016
Purchase of Common Stock 7,982 40.0306 02/29/2016
Purchase of Common Stock 6,302 39.7213 03/01/2016

CUSIP NO. 465741106

Purchase of Common Stock 4,512 40.0987 03/02/2016
Purchase of Common Stock 7,978 40.7767 03/03/2016
Purchase of Common Stock 7,123 41.5178 03/04/2016
Purchase of Common Stock 663 41.6553 03/07/2016
Purchase of Common Stock 7,123 41.3644 03/08/2016
Purchase of Common Stock 7,123 41.9082 03/09/2016
Purchase of Common Stock 7,123 42.1146 03/10/2016
Purchase of Common Stock 931 42.4919 03/11/2016

SCOPIA LB INTERNATIONAL MASTER FUND LP

Purchase of Common Stock 279 39.8192 02/22/2016
Purchase of Common Stock 581 40.0338 02/23/2016
Purchase of Common Stock 1,014 40.0507 02/24/2016
Purchase of Common Stock 3,043 40.1167 02/24/2016
Purchase of Common Stock 1,913 39.9170 02/25/2016
Purchase of Common Stock 763 39.9749 02/26/2016
Purchase of Common Stock 949 40.0306 02/29/2016
Purchase of Common Stock 958 39.7213 03/01/2016
Purchase of Common Stock 686 40.0987 03/02/2016
Purchase of Common Stock 1,213 40.7767 03/03/2016
Purchase of Common Stock 1,083 41.5178 03/04/2016
Purchase of Common Stock 101 41.6553 03/07/2016
Purchase of Common Stock 1,083 41.3644 03/08/2016
Purchase of Common Stock 1,083 41.9082 03/09/2016
Purchase of Common Stock 1,083 42.1146 03/10/2016
Purchase of Common Stock 141 42.4919 03/11/2016

SCOPIA LONG INTERNATIONAL MASTER FUND LP

Purchase of Common Stock 282 39.8192 02/22/2016
Purchase of Common Stock 599 40.0338 02/23/2016
Purchase of Common Stock 1,045 40.0507 02/24/2016
Purchase of Common Stock 3,136 40.1167 02/24/2016
Purchase of Common Stock 1,972 39.9170 02/25/2016
Purchase of Common Stock 786 39.9749 02/26/2016
Purchase of Common Stock 978 40.0306 02/29/2016
Purchase of Common Stock 986 39.7213 03/01/2016
Purchase of Common Stock 706 40.0987 03/02/2016
Purchase of Common Stock 1,248 40.7767 03/03/2016
Purchase of Common Stock 1,114 41.5178 03/04/2016
Purchase of Common Stock 104 41.6553 03/07/2016
Purchase of Common Stock 1,114 41.3644 03/08/2016
Purchase of Common Stock 1,115 41.9082 03/09/2016
Purchase of Common Stock 1,114 42.1146 03/10/2016
Purchase of Common Stock 146 42.4919 03/11/2016

CUSIP NO. 465741106

SCOPIA CAPITAL MANAGEMENT LP

(Through the Managed Account)

Purchase of Common Stock 267 40.0338 02/23/2016
Purchase of Common Stock 466 40.0507 02/24/2016
Purchase of Common Stock 1,398 40.1167 02/24/2016
Purchase of Common Stock 879 39.9170 02/25/2016
Purchase of Common Stock 350 39.9749 02/26/2016
Purchase of Common Stock 436 40.0306 02/29/2016
Purchase of Common Stock 366 39.7213 03/01/2016
Purchase of Common Stock 262 40.0987 03/02/2016
Purchase of Common Stock 463 40.7767 03/03/2016
Purchase of Common Stock 413 41.5178 03/04/2016
Purchase of Common Stock 38 41.6553 03/07/2016
Purchase of Common Stock 413 41.3644 03/08/2016
Purchase of Common Stock 413 41.9082 03/09/2016
Purchase of Common Stock 413 42.1146 03/10/2016
Purchase of Common Stock 54 42.4919 03/11/2016