JEAN F. MURPHY is the Managing Director of Trading for ValueAct Capital. Prior to joining ValueAct Capital in September 2006, Ms. Murphy was a Principal for six years at Banc of America Securities LLC (“BofA”), where she was a trader in the Prime Brokerage unit. While at BofA, Ms. Murphy was primarily responsible for executing ValueAct Capital’s trades since its founding in 2000. Prior to joining BofA, she was an OTC trader and sales trader at Hambrecht & Quist for ten years. Before that, Ms. Murphy was an OTC trader at Robertson, Colman & Stephens for six years, where she made markets in technology and biotechnology stocks. Ms. Murphy has been a member of the San Francisco Security Traders Association since 1981. She served as a Board member for five years including a term as President in 1997. Ms. Murphy has a B.A. from the University of Wisconsin at Madison.