-----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, WiS19ZrkWCCKP4VOMhnRvT5NK17CHVca3JdI971KeaQnmlZIja8js6+nKY8OFPg/ 0zrLPC9EZJeZAm1XhPJ55w== 0000950150-99-000750.txt : 19990607 0000950150-99-000750.hdr.sgml : 19990607 ACCESSION NUMBER: 0000950150-99-000750 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990604 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HERBALIFE INTERNATIONAL INC CENTRAL INDEX KEY: 0000791449 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] IRS NUMBER: 222695420 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-39115 FILM NUMBER: 99640655 BUSINESS ADDRESS: STREET 1: 1800 CENTURY PK E CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3104109600 MAIL ADDRESS: STREET 1: 1800 CENTURY PARK EAST CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: SAGE COURT VENTURES INC DATE OF NAME CHANGE: 19861216 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HUGHES MARK CENTRAL INDEX KEY: 0000901249 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1800 CENTURY PARK E CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 310-203-2421 MAIL ADDRESS: STREET 1: 1800 CENTURY PARK E CITY: LOS ANGELES STATE: CA ZIP: 90067 SC 13G/A 1 SCHEDULE 13G (AMENDMENT NO. 2) 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (RULE 13D-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT NO. 2)* HERBALIFE INTERNATIONAL, INC. - -------------------------------------------------------------------------------- (NAME OF ISSUER) - -------------------------------------------------------------------------------- CLASS A COMMON STOCK $.01 PAR VALUE PER SHARE (TITLE OF CLASS OF SECURITIES) 426908208 - -------------------------------------------------------------------------------- (CUSIP NUMBER) CLASS B COMMON STOCK $.01 PAR VALUE PER SHARE (TITLE OF CLASS OF SECURITIES) 426908307 - -------------------------------------------------------------------------------- (CUSIP NUMBER) April 10, 1998 - -------------------------------------------------------------------------------- (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE SPACE TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: [ ] RULE 13D-1(B) [ ] RULE 13D-1(C) [X] RULE 13D-1(D) *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). 2 SCHEDULE 13G - -------------------------------------- -------------------------- CUSIP NO. 426908208 PAGE 2 OF 10 PAGES - -------------------------------------- -------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS MARK HUGHES - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] N/A - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - --------- ---------------------------------------------------------------------- -------- ---------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 5,875,264 SHARES -------- ---------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY -------- ---------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH 5,875,264 REPORTING -------- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON -0- WITH -------- ---------------------------------------------------- - --------- ---------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,875,264 - --------- ---------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* NOT APPLICABLE [ ] - --------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 57% - --------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- 2 of 10 3 SCHEDULE 13G - -------------------------------------- -------------------------- CUSIP NO. 426908307 PAGE 3 OF 10 PAGES - -------------------------------------- -------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS MARK HUGHES - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] N/A - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - --------- ---------------------------------------------------------------------- -------- ---------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 11,600,531 SHARES -------- ---------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY -------- ---------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH 11,600,531 REPORTING -------- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON -0- WITH -------- ---------------------------------------------------- - --------- ---------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,600,531 - --------- ---------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* NOT APPLICABLE [ ] - --------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 60.7% - --------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- 3 of 10 4 SCHEDULE 13G CUSIP NO. 426908208 ITEM 1. (a) Name of Issuer: Herbalife International, Inc. (b) Address of Issuer's Principal Executive Offices: 1800 Century Park East, Los Angeles, CA 90067 ITEM 2. (a) Name of Person Filing: Mark Hughes (b) Address of Principal Business Officer or, if none, Residence: 1800 Century Park East, Los Angeles, CA 90067 (c) Citizenship: United States (d) Title of Class of Securities: Class A Common Stock $.01 par value (e) CUSIP Number: 426908208 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a) (6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a) (19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). 4 of 10 5 (e) [ ] An investment adviser in accordance with Rule 13d-1(b) (1) (ii) (E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b) (1) (ii) (F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b) (1) (ii) (G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c) (14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 13d-1(b) (1) (ii) (J). IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1 (C), CHECK THIS BOX. [ ] ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: 5,875,264. Includes 183,333 shares of Class A Common Stock owned by the Herbalife Family Foundation. Mr. Hughes acts as a director of the foundation but has no pecuniary interest in the shares. Also includes 308,331 shares of Class A Common Stock issuable upon exercise of stock options which are exercisable presently or within 60 days of this Statement on Schedule 13G. (b) Percent of Class: 57% (Percentage ownership is calculated based on 10,291,908 shares of Class A Common Stock outstanding as of April 5, 1999, and assumes that the 308,331 stock options are deemed outstanding pursuant to SEC Rule 13d-3(d)(1)(i)) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 5,875,264 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 5,875,264 (iv) Shared power to dispose or to direct the disposition of: -0- ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. 5 of 10 6 Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP. Not applicable. ITEM 10. CERTIFICATION. Non applicable. Page 6 of 10 7 SCHEDULE 13G CUSIP No. 426908307 ITEM 1. (a) Name of Issuer: Herbalife International, Inc. (b) Address of Issuer's Principal Executive Offices: 1800 Century Park East, Los Angeles, CA 90067 ITEM 2. (a) Name of Person Filing: Mark Hughes (b) Address of Principal Business Officer or, if none, Residence: 1800 Century Park East, Los Angeles, CA 90067 (c) Citizenship: Unites States (d) Title of Class of Securities: Class B Common Stock $.01 par value (e) CUSIP Number: 426908307 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a) (6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a) (19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). 7 of 10 8 (e) [ ] An investment adviser in accordance with Rule 13d-1(b) (1) (ii) (E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b) (1) (ii) (F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b) (1) (ii) (G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c) (14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 13d-1(b) (1) (ii) (J). IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1 (C), CHECK THIS BOX. [ ] ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: 11,600,531. Includes 366,666 shares of Class B Stock owned by the Herbalife Family Foundation. Mr. Hughes acts as a director of the foundation but has no pecuniary interest in the shares. Also includes 466,663 shares of Class B Common Stock issuable upon exercise of stock options which are exercisable presently or within 60 days of this Statement on Schedule 13G. Also includes 5 million shares of Class B Common Stock held by affiliates of Mr. Hughes that are subject to forward purchase contracts with DECS(SM) Trust III, a Delaware business trust. Pursuant to the terms of the forward purchase contracts, such shares (or a portion thereof) or an equivalent amount of cash is required to be delivered to DECS(SM) Trust III in February 2001 in order to enable DECS(SM) Trust III to settle the DECS(SM) securities issued by that entity. Until settlement of the DECS(SM), generally, Mr. Hughes' affiliates retain any voting rights and the right to receive dividends with respect to the Class B Common Stock. In addition, such shares have been pledged in favor of DECS(SM) Trust III to secure the obligations under the forward purchase contracts. (b) Percent of Class: 60.7% (Percentage ownership is calculated based on 19,123,877 shares of Class B Common Stock outstanding as of April 5, 1999, and assumes that the 466,663 stock options are deemed outstanding pursuant to SEC Rule 13d-3(d)(1)(i)) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 11,600,531 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 11,600,531 (iv) Shared power to dispose or to direct the disposition of: -0- ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. 8 of 10 9 Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP. Not applicable. ITEM 10. CERTIFICATION. Not applicable. Page 9 of 10 10 SIGNATURE 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. Date: June 4, 1999 /s/ Mark Hughes ----------------------------------- Mark Hughes 10 of 10 -----END PRIVACY-ENHANCED MESSAGE-----