-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LPs1zFawaz4jjlekab7zbaV9SmobbXryzJNIEPAO1Ud1kww7GqwUxTrRPWAE2m7d 4V6Li+tWCOfPAFbksFSRMA== 0000893750-04-000143.txt : 20040316 0000893750-04-000143.hdr.sgml : 20040316 20040316170947 ACCESSION NUMBER: 0000893750-04-000143 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040316 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCEPCS CENTRAL INDEX KEY: 0001012956 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] IRS NUMBER: 752493381 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48759 FILM NUMBER: 04673423 BUSINESS ADDRESS: STREET 1: 5215 N O'CONNOR STREET 2: STE 1600 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 4694206000 MAIL ADDRESS: STREET 1: 545 E JOHN CARPENTER FREEWAY SUITE 1900 CITY: IRVING STATE: TX ZIP: 75062 FORMER COMPANY: FORMER CONFORMED NAME: ADVANCE PARADIGM INC DATE OF NAME CHANGE: 19960428 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JLL PARTNERS FUND III LP CENTRAL INDEX KEY: 0001126129 IRS NUMBER: 522064769 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 450 LEXINGTON AVE STREET 2: SUITE 350 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122888600 MAIL ADDRESS: STREET 1: 450 LEXINGTON AVE STREET 2: SUITE 350 CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: LITTLEJOHN JOSEPH & LEVY FUND III LP DATE OF NAME CHANGE: 20001011 SC 13D/A 1 sch.txt SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 3) AdvancePCS - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - ------------------------------------------------------------------------------- (Title of Class of Securities) 00790K109 - ------------------------------------------------------------------------------- (CUSIP Number) Paul S. Levy JLL Partners Fund III, L.P. (formerly named Joseph Littlejohn & Levy Fund III, L.P.) 450 Lexington Avenue New York, NY 10017 (212) 286-8600 with a copy to: - ------------------------------------------------------------------------------- Charles I. Cogut, Esq. Simpson Thacher & Bartlett LLP 425 Lexington Avenue New York, New York 10017 (212) 455-2000 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 12, 2004 - ------------------------------------------------------------------------------- (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 which 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. 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). CUSIP No. 00790K109 Page 2 of 12 - ---------------- -------------------------------------------------------------- Item 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JLL Partners Fund III, L.P. 52 206 4769 - ---------------- -------------------------------------------------------------- Item 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - ---------------- -------------------------------------------------------------- Item 3. SEC USE ONLY - ---------------- -------------------------------------------------------------- Item 4. SOURCES OF FUNDS OO - ---------------- -------------------------------------------------------------- Item 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ---------------- --------------------------------------------------------------- Item 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------------- --------------------------------------------------------------- NUMBER OF SHARES Item 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 WITH ------------ ---------------------------------------------- Item 8. SHARED VOTING POWER 11,704,234 ------------ ---------------------------------------------- Item 9. SOLE DISPOSITIVE POWER 0 ------------ ---------------------------------------------- Item 10. SHARED DISPOSITIVE POWER 11,704,234 - -------------------- ------------ ---------------------------------------------- Item 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,704,234 - -------------- ----------------------------------------------------------------- Item 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------- ---------------------------------------------------------------- Item 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5% - -------------- ---------------------------------------------------------------- Item 14. TYPE OF REPORTING PERSON* PN - -------------- ---------------------------------------------------------------- CUSIP No. 00790K109 Page 3 of 12 - ---------------- -------------------------------------------------------------- Item 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JLL Associates III, L.L.C. 52 206 4770 - ---------------- -------------------------------------------------------------- Item 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - ---------------- -------------------------------------------------------------- Item 3. SEC USE ONLY - ---------------- -------------------------------------------------------------- Item 4. SOURCES OF FUNDS OO - ---------------- -------------------------------------------------------------- Item 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ---------------- -------------------------------------------------------------- Item 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------------- -------------------------------------------------------------- NUMBER OF SHARES Item 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 WITH ------------ --------------------------------------------- Item 8. SHARED VOTING POWER 11,704,234 ------------ --------------------------------------------- Item 9. SOLE DISPOSITIVE POWER 0 ------------ --------------------------------------------- Item 10. SHARED DISPOSITIVE POWER 11,704,234 - -------------------- ------------ --------------------------------------------- Item 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,704.234 - -------------- ---------------------------------------------------------------- Item 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------- ---------------------------------------------------------------- Item 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5% - -------------- ---------------------------------------------------------------- Item 14. TYPE OF REPORTING PERSON* OO - -------------- ---------------------------------------------------------------- CUSIP No. 00790K109 Page 4 of 12 - ---------------- -------------------------------------------------------------- Item 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Paul S. Levy 053 38 0595 - ---------------- -------------------------------------------------------------- Item 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - ---------------- -------------------------------------------------------------- Item 3. SEC USE ONLY - ---------------- -------------------------------------------------------------- Item 4. SOURCES OF FUNDS OO - ---------------- -------------------------------------------------------------- Item 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ---------------- -------------------------------------------------------------- Item 6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ---------------- -------------------------------------------------------------- NUMBER OF SHARES Item 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,338 WITH ------------ --------------------------------------------- Item 8. SHARED VOTING POWER 11,704,234 ------------ --------------------------------------------- Item 9. SOLE DISPOSITIVE POWER 22,338 ------------ --------------------------------------------- Item 10. SHARED DISPOSITIVE POWER 11,704,234 - -------------------- ------------ --------------------------------------------- Item 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,726,572 - -------------- ---------------------------------------------------------------- Item 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------- ---------------------------------------------------------------- Item 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5% - -------------- ---------------------------------------------------------------- Item 14. TYPE OF REPORTING PERSON* IN - -------------- ---------------------------------------------------------------- CUSIP No. 00790K109 Page 5 of 12 - ---------------- -------------------------------------------------------------- Item 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ramsey A. Frank 342 58 1192 - ---------------- -------------------------------------------------------------- Item 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - ---------------- -------------------------------------------------------------- Item 3. SEC USE ONLY - ---------------- -------------------------------------------------------------- Item 4. SOURCES OF FUNDS OO - ---------------- -------------------------------------------------------------- Item 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ---------------- -------------------------------------------------------------- Item 6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ---------------- -------------------------------------------------------------- NUMBER OF SHARES Item 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,870 WITH ------------ --------------------------------------------- Item 8. SHARED VOTING POWER 11,704,234 ------------ --------------------------------------------- Item 9. SOLE DISPOSITIVE POWER 13,870 ------------ --------------------------------------------- Item 10. SHARED DISPOSITIVE POWER 11,704,234 - -------------------- ------------ --------------------------------------------- Item 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,718,104 - -------------- ---------------------------------------------------------------- Item 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------- ---------------------------------------------------------------- Item 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5% - -------------- ---------------------------------------------------------------- Item 14. TYPE OF REPORTING PERSON* IN - -------------- ---------------------------------------------------------------- CUSIP No. 00790K109 Page 6 of 12 - ---------------- -------------------------------------------------------------- Item 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jeffrey C. Lightcap 103 54 8651 - ---------------- -------------------------------------------------------------- Item 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - ---------------- -------------------------------------------------------------- Item 3. SEC USE ONLY - ---------------- -------------------------------------------------------------- Item 4. SOURCES OF FUNDS OO - ---------------- -------------------------------------------------------------- Item 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ---------------- -------------------------------------------------------------- Item 6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ---------------- -------------------------------------------------------------- NUMBER OF SHARES Item 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,870 WITH ------------ --------------------------------------------- Item 8. SHARED VOTING POWER 11,704,234 ------------ --------------------------------------------- Item 9. SOLE DISPOSITIVE POWER 3,870 ------------ --------------------------------------------- Item 10. SHARED DISPOSITIVE POWER 11,704,234 - -------------------- ------------ --------------------------------------------- Item 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,708,104 - -------------- ---------------------------------------------------------------- Item 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------- ---------------------------------------------------------------- Item 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5% - -------------- ---------------------------------------------------------------- Item 14. TYPE OF REPORTING PERSON* IN - -------------- ---------------------------------------------------------------- CUSIP No. 00790K109 Page 7 of 12 This Amendment No. 3 amends and supplements Items 4 and 5 of the initial Schedule 13D filed by the undersigned on October 12, 2000 (the "Schedule 13D"), as amended by Amendment No. 1, dated September 21, 2001 ("Amendment No. 1"), and Amendment No. 2, dated September 2, 2003 ("Amendment No. 2") to reflect certain changes in the information previously filed relating to the common stock (the "Common Stock") of AdvancePCS, a Delaware corporation. Unless otherwise indicated, capitalized terms used herein have the definitions given to them in the Schedule 13D. "Individuals," as used herein, means the three Reporting Persons who are natural persons, Paul S. Levy, Ramsey A. Frank and Jeffrey C. Lightcap. This Amendment is filed pursuant to the Joint Filing Agreement, dated October 12, 2000, attached to the Schedule 13D as Exhibit 7, which is incorporated herein by reference. Item 4. Purpose of Transactions. On March 11, 2004, JLL Fund III elected to convert 4,000,000 shares of Class B-1 Common Stock of AdvancePCS into 4,000,000 shares of Common Stock. Item 5. Interest in Securities of the Issuer. (a) (i) JLL Fund III is the direct beneficial owner of 2,790,900 shares of Common Stock and 8,913,334 shares of Class B-1 Common Stock of AdvancePCS, which are convertible at any time at the option of the holder into shares of Common Stock at a one-for-one ratio. Assuming the conversion of all shares of Class B-1 Common Stock owned by JLL Fund III, JLL Fund III may be deemed to beneficially own an aggregate of 11,704,234 shares of Common Stock, representing approximately 12.5% of the outstanding shares of Common Stock (based on 93,624,126 shares of Common Stock outstanding as of February 5, 2004, as represented by AdvancePCS in AdvancePCS's definitive proxy statement filed February 17, 2004). (ii) By virtue of its position as general partner of JLL Fund III, JLL Associates III, L.L.C. ("JLL Associates") may be deemed to be the beneficial owner of all of the shares in which JLL Fund III has direct beneficial ownership. (iii) By virtue of the Individuals' positions as managing members of JLL Associates, each of them may be deemed to have a beneficial ownership interest in all of the shares in which JLL Fund III has direct beneficial ownership. Mr. Paul Levy also owns 9,114 shares of Common Stock directly and holds stock options exercisable for 10,000 shares of Common Stock, and may be deemed to beneficially own an additional 3,224 shares of Common Stock through the Levy Fund III Annuity Trust. Mr. Ramsey Frank also owns 3,870 shares of Common Stock directly and holds stock options exercisable for 10,000 shares of Common Stock. In addition, Mr. Jeffrey Lightcap owns 3,870 shares of Common Stock directly. (c) On March 11, 2004, JLL Fund III sold an aggregate of 632,800 shares of Common Stock in market transactions at an average price of $69.857 per share pursuant to Rule 144 under the Securities Act of 1933, as amended. On March 12, 2004, JLL Fund III sold an aggregate of 576,300 shares of Common Stock in market transactions at an average price of $70.186 per share pursuant to Rule 144 under the Securities Act of 1933, as amended. CUSIP No. 00790K109 Page 8 of 12 SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 16, 2004 JLL Partners Fund III, L.P., by its general partner JLL Associates III, L.L.C. By: /s/ Ramsey Frank ------------------------ Ramsey A. Frank Senior Managing Director CUSIP No. 00790K109 Page 9 of 12 SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 16, 2004 JLL Associates III, L.L.C. By: /s/ Ramsey Frank ------------------------ Ramsey A. Frank Senior Managing Director CUSIP No. 00790K109 Page 10 of 12 SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 16, 2004 /s/ Paul Levy ---------------- Paul S. Levy CUSIP No. 00790K109 Page 11 of 12 SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 16, 2004 /s/ Ramsey Frank ------------------ Ramsey A. Frank CUSIP No. 00790K109 Page 12 of 12 SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 16, 2004 /s/ Jeffrey Lightcap -------------------- Jeffrey C. Lightcap -----END PRIVACY-ENHANCED MESSAGE-----