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(NP (NP (NNP Fastenal) (NNP Co.)) (, ,) (NP (NP (VBN proposed) (NN offering)) (PP (IN of) (NP (CD 400,000) (JJ common) (NNS shares))) (PP (IN by) (NP (NNS holders)))) (, ,) (PP (IN via) (NP (NP (NNP Robert) (NNP W.) (NNP Baird) (CC &) (NNP Co.)) (CC and) (NP (NNP William) (NNP Blair) (CC &) (NNP Co)))) (. .))
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