UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
TransAlta Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
89346D107
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(CUSIP Number)
Mr. Christopher Hohn
The Children's Investment
Fund Management (UK) LLP
7 Clifford Street
London W1S 2WE
United Kingdom
+44 20 7440 2330
With a copy to:
Marc Weingarten, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, New York 10022
(212) 756-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
(Continued on following pages)
January 13, 2009
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(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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties
to whom copies are to be sent.
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* 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).
(Page 1 of 8 Pages)
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CUSIP NO. 89346D107 SCHEDULE 13D/A PAGE 2 OF 8 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Children's Investment Fund Management (UK) LLP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [X]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
England
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7 SOLE VOTING POWER
-0-
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,491,909
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
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10 SHARED DISPOSITIVE POWER
11,491,909
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5.8%
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
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14 TYPE OF REPORTING PERSON*
PN
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CUSIP NO. 89346D107 SCHEDULE 13D/A PAGE 3 OF 8 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Children's Investment Fund Management (Cayman) Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [X]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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7 SOLE VOTING POWER
-0-
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,491,909
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
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10 SHARED DISPOSITIVE POWER
11,491,909
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5.8%
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP NO. 89346D107 SCHEDULE 13D/A PAGE 4 OF 8 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Children's Investment Master Fund
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [X]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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7 SOLE VOTING POWER
-0-
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,491,909
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
11,491,909
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5.8%
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP NO. 89346D107 SCHEDULE 13D/A PAGE 5 OF 8 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Christopher Hohn
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [X]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
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7 SOLE VOTING POWER
-0-
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,491,909
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
11,491,909
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5.8%
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
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14 TYPE OF REPORTING PERSON*
IN
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CUSIP NO. 89346D107 SCHEDULE 13D/A PAGE 6 OF 8 Pages
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The Schedule 13D filed on August 15, 2008 (the "Schedule 13D"), as amended by
the Amendment No. 1 filed on September 10, 2008 by The Children's Investment
Fund Management (UK) LLP, an English limited liability partnership, The
Children's Investment Fund Management (Cayman) Ltd., a Cayman Islands exempted
company, The Children's Investment Master Fund, a Cayman Islands exempted
company, and Christopher Hohn (together, the "Reporting Persons") relating to
the shares ("Shares") of common stock of TransAlta Corporation (the "Issuer"),
is hereby amended as set forth below by this Amendment No. 2 to the Schedule
13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Paragraphs (a), (b), and (c) of Item 5 of the Schedule 13D are hereby amended
and restated as follows:
(a) As of the close of business on January 14, 2009, the Reporting
Persons beneficially owned an aggregate of 11,491,909 Shares, constituting
approximately 5.8% of the Shares outstanding.
The aggregate percentage of Shares beneficially owned by the Reporting
Persons is based upon 197,600,000 Shares outstanding, which is the total number
of Shares issued and outstanding as of September 30, 2008 as reported in the
Issuer's Form 6-K filed on October 31, 2008.
(b) Each of the Reporting Persons share power to vote and direct the
disposition of the Shares held by the TCI Fund.
(c) Information concerning transactions in the Shares effected by
the Reporting Persons during the past sixty days is set forth in Appendix A
hereto and is incorporated herein by reference.
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CUSIP NO. 89346D107 SCHEDULE 13D/A PAGE 7 OF 8 Pages
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 16, 2009
THE CHILDREN'S INVESTMENT FUND
MANAGEMENT (UK) LLP
/s/ Christopher Hohn
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Christopher Hohn
Managing Partner
THE CHILDREN'S INVESTMENT FUND
MANAGEMENT (CAYMAN) LTD.
/s/ David DeRosa
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David DeRosa
Director
THE CHILDREN'S INVESTMENT
MASTER FUND
/s/ David DeRosa
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David DeRosa
Director
/s Christopher Hohn
------------------------------
Christopher Hohn
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CUSIP NO. 89346D107 SCHEDULE 13D/A PAGE 8 OF 8 Pages
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APPENDIX A
TRANSACTIONS IN THE SHARES EFFECTED BY THE
REPORTING PERSONS SINCE THE FILING OF THE SCHEDULE 13D
(UNLESS OTHERWISE STATED, ALL TRANSACTIONS WERE EFFECTED IN
THE OPEN MARKET)
The Children's Investment Master Fund
Date of Trade Shares Purchased (Sold) Price per Share(1)
09-Sep-08 163,900 31.591
10-Sep-08 182,500 31.824
17-Sep-08 33,400 27.659
18-Sep-08 200 28.954
30-Sep-08 24,300 26.364
06-Oct-08 17,800 23.107
09-Oct-08 115,373 25.448
09-Oct-08 250,000 19.675
10-Oct-08 150,000 17.756
06-Nov-08 (154,600) 19.074
07-Nov-08 (37,700) 20.205
10-Nov-08 (35,200) 19.791
11-Nov-08 (165,500) 19.090
12-Nov-08 (138,000) 18.335
13-Nov-08 (40,200) 18.462
02-Dec-08 (44,700) 17.740
03-Dec-08 (14,800) 16.926
04-Dec-08 (24,300) 17.305
08-Dec-08 (83,300) 17.402
09-Dec-08 (65,900) 17.162
10-Dec-08 (55,100) 17.373
11-Dec-08 (86,264) 18.042
12-Dec-08 (40,700) 17.519
15-Dec-08 (26,100) 17.485
15-Dec-08 (500,000) 17.548
16-Dec-08 (47,000) 18.328
18-Dec-08 (112,900) 18.688
18-Dec-08 (600,000) 18.528
19-Dec-08 (92,300) 18.341
22-Dec-08 (55,600) 18.460
23-Dec-08 (61,500) 18.293
29-Dec-08 (51,300) 18.910
07-Jan-09 (18,000) 20.726
08-Jan-09 (15,400) 20.732
09-Jan-09 (17,400) 20.294
12-Jan-09 (118,100) 19.317
13-Jan-09 (46,400) 18.878
13-Jan-09 (800,000) 18.983
14-Jan-09 (14,700) 22.888
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(1) US dollar amounts calculated using exchange rates in effect on the date of
trade.