Fair Isaac shareholders sell 662,161 shares, reduce ownership to 4.5%

By Lisa Kerner

Charlotte, N.C., Sept. 18 - Sandell Asset Management Corp. affiliate Castlerigg Master Investments Ltd. sold 662,161 shares of Fair Isaac Co. between Sept. 11 and Sept. 17 priced from $21.95 to $22.23 each, according to a schedule 13D/A filed on Friday with the Securities and Exchange Commission.

The investors beneficially own 2,211,839 shares, or 4.5%, of the company's outstanding stock.

In July, Fair Isaac and some Sandell Asset affiliates amended their Dec. 4, 2008 agreement, removing the Sandell Group's right to name designees to the company's board of directors to replace Nick Graziano, Allan Loren and John S. McFarlane in the event they are unable to perform their duties, a prior SEC filing said.

Fair Isaac is a Minneapolis-based provider of analytic, software and data management products and services in four segments: strategy machine solutions, scoring solutions, professional services and analytic software tools.

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