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Filing Details

Accession Number:: 0001104659-10-043836
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-08-11 13:00:00
Reporting Period:: 2010-05-27

Filing Date:: 2010-08-11
Accepted Time:: 2010-08-11 21:49:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
813781	Exide Technologies	XIDE	Miscellaneous Electrical Machinery, Equipment & Supplies (3690)	230552730

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1162852	Tontine Power Partners Lp	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1482608	Tontine Capital Overseas Master Fund Ii, L.p.	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1482609	Tontine Asset Associates, L.l.c.	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1491514	Tontine Associates, Llc	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value Per Share	Disposition	2010-05-27	2,244	$0.00	15,089,229	No	4	J	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Acquisiton	2010-05-27	2,244	$0.00	15,089,229	No	4	J	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-05-27	21,634	$0.00	15,089,229	No	4	J	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Acquisiton	2010-05-27	21,634	$0.00	15,089,229	No	4	J	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-05-27	2,613	$0.00	15,089,229	No	4	J	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Acquisiton	2010-05-27	2,613	$0.00	15,089,229	No	4	J	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-05-27	2,657	$0.00	15,089,229	No	4	J	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Acquisiton	2010-05-27	2,657	$0.00	15,089,229	No	4	J	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-08-09	63,730	$5.65	15,025,499	No	4	S	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-08-09	46,464	$5.65	14,979,035	No	4	S	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-08-09	15,100	$5.65	14,963,935	No	4	S	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-08-09	38,926	$5.65	14,925,009	No	4	S	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-08-10	121,314	$5.46	14,803,695	No	4	S	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-08-10	88,445	$5.46	14,715,250	No	4	S	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-08-10	28,744	$5.46	14,686,506	No	4	S	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2010-08-10	74,097	$5.46	14,612,409	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes

Footnotes

This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), Tontine Capital Overseas Master Fund, L.P., a Cayman Islands limited partnership ("TMF"), Tontine Partners, L.P., a Delaware limited partnership ("TP"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine 25 Overseas Master Fund, L.P., a Cayman Islands limited partnership ("T25"), Tontine Overseas Associates, L.L.C., a Delaware limited liability company ("TOA"), [continued in Footnote 2]
[continued from Footnote 1] Tontine Capital Overseas Master Fund II, L.P., a Cayman Islands limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Power Partners, L.P., a Delaware limited partnership ("TPP"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA") and Jeffrey L. Gendell ("Mr. Gendell").
Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP and T25; (b) TCO, the general partner of TMF; (c) TM, the general partner of TP and TPP; (d) TOA, the investment advisor of Tontine Overseas Fund, Ltd., a Cayman Islands exempted company ("TOF"); (e) TAA, the general partner of TCP 2; and (f) TA.
In connection with a reallocation of ownership of Common Stock among the entities comprising the filing parties, 2,244 shares of Common Stock owned by TCP, 21,634 shares of Common Stock owned by TP, 2,613 shares of Common Stock owned by TMF and 2,657 shares of Common Stock owned by T25 (collectively, the "Transferred Shares") were deemed to have been distributed in kind as of May 27, 2010 to investors holding ownership interests in TCP, TP, TMF and T25, with all of the Transferred Shares then being immediately contributed by such investors to TCP 2. These transactions did not change the aggregate Common Stock ownership of the filing parties.
On August 9, 2010, TCP sold 63,730 shares of Common Stock, TP sold 46,464 shares of Common Stock, TMF sold 15,100 shares of Common Stock and TOF sold 38,926 shares of Common Stock. All sales on August 9, 2010 occurred at a price of $5.65 per share. On August 10, 2010, TCP sold 121,314 shares of Common Stock, TP sold 88,445 shares of Common Stock, TMF sold 28,744 shares of Common Stock and TOF sold 74,097 shares of Common Stock. All sales on August 10, 2010 occurred at a price of $5.46 per share.
On Forms 4 filed on May 17, 2010, the filing parties reported that on May 17, 2010, (i) T25 distributed 1,367 shares of Common Stock to TCM (ii) TOF distributed 586,433 shares of Common Stock to TOA and (iii) TOF distributed 631,484 shares of Common Stock to investors that were not directly or indirectly controlled by Mr. Gendell ("Non-Tontine Parties"). The actual number of shares of Common Stock distributed was (x) 1983 shares distributed by T25 to TCM, (y) 641,413 shares distributed by TOF to TOA and (z) 576,504 shares distributed by TOF to Non-Tontine Parties.
After giving effect to the transactions reported on this Form 4 and the adjustments described in Footnote 6, Mr. Gendell and TAA directly own 0 shares of Common Stock, TCP directly owns 2,136,385 shares of Common Stock, TMF directly owns 395,620 shares of Common Stock, TP directly owns 1,547,133 shares of Common Stock, TOF directly owns 361,652 shares of Common Stock, T25 directly owns 246,492 shares of Common Stock, TCM directly owns 209,062 shares of Common Stock, TCO directly owns 5,295 shares of Common Stock, TM directly owns 373,309 shares of Common Stock, TOA directly owns 641,413 shares of Common Stock, TCP 2 directly owns 8,248,482 shares of Common Stock, TPP directly owns 22,106 shares of Common Stock and TA directly owns 311,362 shares of Common Stock.
All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP and T25 may be deemed to be beneficially owned by TCM. The foregoing securities held by TMF may be deemed to be beneficially owned by TCO. The foregoing securities held by TP and TPP may be deemed to be beneficially owned by TM. The foregoing securities held by TOF may be deemed to be beneficially owned by TOA. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TCO, TMF, TP, TM, TOA, TOF, T25, TCP 2, TAA, TPP and TA. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP and T25.
TCO disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCO or representing TCO's pro rata interest in, and interest in the profits of, TMF.
TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM or representing TM's pro rata interest in, and interest in the profits of, TP and TPP. TOA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TOA or representing TOA's pro rata interest in, and interest in the profits of, TOF.
TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA.
This Form 4 relates to the same transactions disclosed on the Form 4 filed on the date hereof by TCP, TCM, TMF, TCO, TP, TM, TOA, T25 and Mr. Gendell, all of which are joint filers with TCP 2, TAA, TPP and TA with respect to the Issuer's Common Stock.