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<SEC-DOCUMENT>0000003453-07-000021.txt : 20070426
<SEC-HEADER>0000003453-07-000021.hdr.sgml : 20070426
<ACCEPTANCE-DATETIME>20070426133931
ACCESSION NUMBER:		0000003453-07-000021
CONFORMED SUBMISSION TYPE:	S-8 POS
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070426
DATE AS OF CHANGE:		20070426
EFFECTIVENESS DATE:		20070426

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALEXANDER & BALDWIN INC
		CENTRAL INDEX KEY:			0000003453
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				990032630
		STATE OF INCORPORATION:			HI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8 POS
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-121194
		FILM NUMBER:		07790491

	BUSINESS ADDRESS:	
		STREET 1:		822 BISHOP STREET
		STREET 2:		PO BOX 3440
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96801
		BUSINESS PHONE:		8085256611

	MAIL ADDRESS:	
		STREET 1:		822 BISHOP STREET
		STREET 2:		PO BOX 3440
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96801
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8 POS
<SEQUENCE>1
<FILENAME>s8amend.htm
<DESCRIPTION>POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>

<BODY style="FONT-FAMILY: 'Times New Roman'" bgColor=#ffffff><DIV style="WIDTH: 600px">
<P style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=2>As filed with the Securities and Exchange Commission on April 26, 2007</FONT></P>

<P style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=2>Registration No. 333-121194 </FONT></P>

<P style="BORDER-TOP: 2.25pt double; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; PADDING-TOP: 1px; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=4>SECURITIES AND EXCHANGE COMMISSION</FONT></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>Washington, D.C. 20549</FONT></B></P>

<P style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt">
<HR align=center width=120 noShade>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>POST-EFFECTIVE AMENDMENT NO. 1</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>TO</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>FORM S-8</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>REGISTRATION STATEMENT</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><I><B><FONT size=2>Under</FONT></B></I></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><I><B><FONT size=2>The Securities Act of 1933</FONT></B></I></P>

<P style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt">
<HR align=center width=120 noShade>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>ALEXANDER &amp; BALDWIN, INC.</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=1>(Exact name of registrant as specified in its charter)</FONT></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=1></FONT>&nbsp;</P>

<DIV align=left>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=734 border=0>
<TR>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=245>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><B><FONT size=2>Hawaii</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><FONT size=1>(State or other jurisdiction</FONT></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><FONT size=1>of incorporation or organization)</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=245>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=1></FONT>&nbsp;</P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=245>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><B><FONT size=2>99-0032630</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><FONT size=1>(IRS Employer Identification No.)</FONT></P>
</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>822 Bishop Street</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>Honolulu, Hawaii 96813</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=1>(Address of principal executive offices) (Zip Code)</FONT></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=1></FONT>&nbsp;</P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>Alexander &amp; Baldwin, Inc. 1998 Stock Option/Stock Incentive Plan</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>Alexander &amp; Baldwin, Inc. 1998 Non-Employee Director Stock Option Plan</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=1>(Full title of the Plan(s))</FONT></P>

<P style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt">
<HR align=center width=120 noShade>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=1></FONT>&nbsp;</P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>Alyson J. Nakamura</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>Secretary and Assistant General Counsel</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>Alexander &amp; Baldwin, Inc.</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>822 Bishop Street</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>Honolulu, Hawaii 96813</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=1>(Name and address of agent for service)</FONT></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT size=2>(808) 525-6611</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=1>(Telephone Number, including area code, of agent for service)</FONT></P>

<P style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt">
<HR align=center width=120 noShade>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><FONT size=1></FONT>&nbsp;</P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT size=2></FONT>&nbsp;</P>

<DIV align=left>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=734 border=0>
<TR style="HEIGHT: 11.25pt; page-break-inside: avoid">
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width=734>
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>This Post-Effective Amendment No. 1 to the Registration Statement shall hereafter become effective in accordance with the provisions of Section 8(c) of the Securities Act of 1933, as amended.</FONT></P>
</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>

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<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.3in; TEXT-ALIGN: center"><FONT size=2>RE-ALLOCATION AND DE-REGISTRATION</FONT></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><FONT size=2>On December 13, 2004, Alexander &amp; Baldwin, Inc. (the &#147;Registrant&#148;) registered 1,900,000 of its Common Stock for issuance under its 1998 Stock Option/Stock Incentive Plan (the &#147;1998 Stock Option Plan&#148;) and an additional 350,000 of its Common Stock for issuance under its 1998 Non-Employee Director Stock Option Plan (the &#147;1998 Director Plan&#148;) on a Form S-8 Registration Statement, Registration No. 333-121194 filed with the Securities and Exchange Commission (the &#147;Commission&#148;).</FONT></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><FONT size=2>Registrant is hereby re-allocating 289,560 shares of its Common Stock in the aggregate to the Registrant&#146;s 2007 Incentive Compensation Plan (the &#147;2007 Plan&#148;). The reallocation is comprised of (i) 109,654 shares of Common Stock from the 1998 Stock Option Plan and (ii) 179,906 shares of Common Stock from the 1998 Director Plan.</FONT><B><FONT size=2> </FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><FONT size=2>Registrant hereby de-registers the 289,560 shares of its Common Stock previously registered on Form S-8 Registration Statement No. 333-121194 and re-allocates such shares to the 2007 Plan.</FONT></P>

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<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><B><FONT size=2>SIGNATURES</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><FONT size=2>Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Honolulu, State of Hawaii on this 26th day of April, 2007.</FONT></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.25in; TEXT-ALIGN: justify"><B><FONT size=2>ALEXANDER &amp; BALDWIN, INC.</FONT></B></P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.25in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.25in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>

<DIV align=left>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=461 border=0>
<TR>
<TD vAlign=top noWrap width=312>
<P style="MARGIN-LEFT: 0in"><FONT size=1></FONT>&nbsp;</P>
</TD>
<TD vAlign=top noWrap width=27>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>By:</FONT></P>
</TD>
<TD vAlign=top noWrap width=123>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><U><FONT size=2>/s/ W. Allen Doane</FONT></U></P>
</TD></TR>
</TABLE>

</DIV>
<DIV align=left>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=443 border=0>
<TR>
<TD vAlign=top noWrap width=336>
<P style="MARGIN-LEFT: 0in"><FONT size=1></FONT>&nbsp;</P>
</TD>
<TD vAlign=top noWrap width=107>
<P style="MARGIN-LEFT: 0in"><FONT size=2>W. Allen Doane</FONT></P>
</TD></TR>
</TABLE>

</DIV>
<DIV align=left>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=589 border=0>
<TR>
<TD vAlign=top noWrap width=336>
<P style="MARGIN-LEFT: 0in"><FONT size=1></FONT>&nbsp;</P>
</TD>
<TD vAlign=top noWrap width=253>
<P style="MARGIN-LEFT: 0in"><FONT size=2>Chairman of the Board, President and Chief</FONT></P>
</TD></TR>
</TABLE>

</DIV>
<DIV align=left>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=451 border=0>
<TR>
<TD vAlign=top noWrap width=336>
<P style="MARGIN-LEFT: 0in"><FONT size=1></FONT>&nbsp;</P>
</TD>
<TD vAlign=top noWrap width=115>
<P style="MARGIN-LEFT: 0in"><FONT size=2>Executive Officer</FONT></P>
</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><FONT size=2>Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 1 to the Registration Statement has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. </FONT></P>

<P style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>

<DIV align=left>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=638 border=0>
<TR>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=213>
<DIV style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; MARGIN-LEFT: 0in; MARGIN-RIGHT: 4.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
<P style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; TEXT-INDENT: 0in; PADDING-TOP: 0in; TEXT-ALIGN: center" align=center><B><FONT size=2>Signature</FONT></B></P>
</DIV></TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=286>
<DIV style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; MARGIN-LEFT: 2.4pt; MARGIN-RIGHT: 8.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
<P style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; TEXT-INDENT: 0in; PADDING-TOP: 0in; TEXT-ALIGN: center" align=center><B><FONT size=2>Title</FONT></B></P>
</DIV></TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<DIV style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid">
<P style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; TEXT-INDENT: 0in; PADDING-TOP: 0in; TEXT-ALIGN: center" align=center><B><FONT size=2>Date</FONT></B></P>
</DIV></TD></TR>
<TR>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=213>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ W. Allen Doane</FONT></U><BR><FONT size=2>W. Allen Doane</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=286>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer)</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
</TD></TR>
<TR>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=213>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ Christopher J. Benjamin</FONT></U><BR><FONT size=2>Christopher J. Benjamin</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=286>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
</TD></TR>
<TR>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=213>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ Paul K. Ito</FONT></U><BR><FONT size=2>Paul K. Ito</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=286>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Vice President, Controller and Assistant Treasurer (Principal Accounting Officer)</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
</TD></TR>
<TR>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=213>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ W. Blake Baird</FONT></U><BR><FONT size=2>W. Blake Baird</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=286>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Director</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
</TD></TR>
<TR>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=213>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ Michael J. Chun</FONT></U><BR><FONT size=2>Michael J. Chun</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=286>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Director</FONT></P>
</TD>
<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
</TD></TR>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ Walter A. Dods, Jr.</FONT></U><FONT size=2> </FONT><BR><FONT size=2>Walter A. Dods, Jr.</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Director</FONT></P>
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<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ Charles G. King</FONT></U><BR><FONT size=2>Charles G. King</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Director</FONT></P>
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<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ Constance H. Lau</FONT></U><BR><FONT size=2>Constance H. Lau</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Director</FONT></P>
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<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ Douglas M. Pasquale&nbsp;</FONT></U><BR><FONT size=2>Douglas M. Pasquale</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Director</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ Maryanna G. Shaw</FONT></U><BR><FONT size=2>Maryanna G. Shaw</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 2.4pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>Director</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
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<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><U><FONT size=2>/s/ Jeffrey N. Watanabe</FONT></U><BR><FONT size=2>Jeffrey N. Watanabe</FONT></P>
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<TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width=139>
<P style="MARGIN-TOP: 0.5in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT size=2>April 26, 2007</FONT></P>
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