View:
Download DOC
Download PDF
Download XLS
SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
FRIEDMAN FLEISCHER & LOWE CAPITAL PARTNERS LP
(Last) (First) (Middle)
C/O FRIEDMAN FLEISCHER & LOWE
ONE MARITIME PLAZA, 10TH FLOOR
(Street)
SAN FRANCISCO CA 94111
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TEMPUR PEDIC INTERNATIONAL INC [ TPX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/23/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/23/2004 S 3,534,845 D $18.96 17,006,411 D(1)
Common Stock 11/23/2004 S 63,945 D $18.96 307,647 D(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
FRIEDMAN FLEISCHER & LOWE CAPITAL PARTNERS LP
(Last) (First) (Middle)
C/O FRIEDMAN FLEISCHER & LOWE
ONE MARITIME PLAZA, 10TH FLOOR
(Street)
SAN FRANCISCO CA 94111
(City) (State) (Zip)
1. Name and Address of Reporting Person*
FFL EXECUTIVE PARTNERS LP
(Last) (First) (Middle)
C/O FRIEDMAN FLEISCHER & LOWE
ONE MARITIME PLAZA, 10TH FLOOR
(Street)
SAN FANCISCO CA 94111
(City) (State) (Zip)
1. Name and Address of Reporting Person*
FRIEDMAN TULLY M
(Last) (First) (Middle)
C/O MCKESSON CORP
ONE POST ST.
(Street)
SAN FRANCISCO CA 94104
(City) (State) (Zip)
1. Name and Address of Reporting Person*
MASTO CHRISTOPHER A
(Last) (First) (Middle)
C/O FREIDMAN FLEISCHER & LOWE
ONE MARITIME PLZ 10TH PLZ
(Street)
SAN FRANCISCO CA 94111
(City) (State) (Zip)
Explanation of Responses:
1. See "Notes to Footnote 1" in Exhibit 99.2.
Remarks:
(1) This Form 4 is also being filed on behalf of each of Tully M. Friedman and Christopher A. Masto, each of whom is a director of the Issuer. (2) Mr. Masto is Managing Member of Friedman Fleischer & Lowe GP, LLC, General Partner of Friedman Fleischer & Lowe Capital Partners, LP.
/s/ Christopher A. Masto (2) 11/24/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
rrd49486_56035.html 
                                                                    Exhibit 99.1


                             JOINT FILER INFORMATION

This statement on Form 4 is filed by Friedman Fleischer & Lowe Capital Partners,
LP, FFL Executive Partners, LP, Tully M. Friedman and Christopher A. Masto.

Name:                            FFL Executive Partners, LP

Address:                         c/o Friedman Fleischer & Lowe
                                 One Maritime Plaza, 10th Floor
                                 San Francisco, CA 94111

Designated Filer:                Friedman Fleischer & Lowe Capital Partners, LP

Issuer & Ticker Symbol:          Tempur-Pedic International Inc. [TPX]

Date of Earliest Transaction Required to be Reported:  November 23, 2004


FFL EXECUTIVE PARTNERS, LP

By: /s/ Christopher A. Masto
   -----------------------------------------------

Name: Christopher A. Masto
Title: Managing Member
       Friedman Fleischer & Lowe GP, LLC

Name:                            Tully M. Friedman

Address:                         c/o Friedman Fleischer & Lowe
                                 One Maritime Plaza, 10th Floor
                                 San Francisco, CA 94111

Designated Filer:                Friedman Fleischer & Lowe Capital Partners, LP

Issuer & Ticker Symbol:          Tempur-Pedic International Inc. [TPX]

Date of Earliest Transaction Required to be Reported:  November 23, 2004

/s/ Tully M. Friedman
- --------------------------------------------------
Tully M. Friedman

Name:                            Christopher A. Masto

Address:                         c/o Friedman Fleischer & Lowe
                                 One Maritime Plaza, 10th Floor
                                 San Francisco, CA 94111

Designated Filer:                Friedman Fleischer & Lowe Capital Partners, LP

Issuer & Ticker Symbol:          Tempur-Pedic International Inc. [TPX]

Date of Earliest Transaction Required to be Reported:  November 23, 2004

/s/ Christopher A. Masto
- --------------------------------------------------
Christopher A. Masto
rrd49486_56036.html 
                                                                    Exhibit 99.2
Notes to Footnote 1:

The shares of Common Stock ("Common Stock") described in this Form 4 are held
by Friedman Fleischer & Lowe Capital Partners, LP and FFL Executive Partners,
LP (collectively, the "Friedman Fleischer & Lowe Funds") in the amounts set
forth below. An allocation of shares is listed below for each transaction
described herein. The Friedman Fleischer & Lowe Funds are each controlled by
Friedman Fleischer & Lowe GP, LLC, their general partner. Accordingly,
Friedman Fleischer & Lowe Capital Partners, LP and FFL Executive Partners, LP
may be deemed to beneficially own each other's shares of Common Stock. Tully
M. Friedman and Christopher A. Masto are, respectively, Senior Managing
Member and Managing Member of Friedman Fleischer & Lowe GP, LLC, and may be
deemed to beneficially own the shares of Common Stock owned by the Friedman
Fleischer & Lowe Funds. The reporting persons disclaim beneficial ownership
of any shares in which they do not have a pecuniary interest.

Holder                       Shares of Common    Shares of Common Stock
                                Stock Sold,     Directly Owned Following
                                  11/23/04               Sale
- --------------------------------------------------------------------------------
Friedman Fleischer & Lowe    3,534,845          17,006,411
 Capital Partners, LP

FFL Executive Partners, LP   63,945             307,647