-----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, L+nH3N2tsyWpngNRhQubmFiulrN+jz3gJjNjp+Z7oIy9TmtmiDyXInywehmF364v jNlyTtU3lnkeI+/hdZBMSA== 0000909518-99-000613.txt : 19991018 0000909518-99-000613.hdr.sgml : 19991018 ACCESSION NUMBER: 0000909518-99-000613 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991013 GROUP MEMBERS: IAN M. CUMMING GROUP MEMBERS: JOSEPH S. STEINBERG GROUP MEMBERS: TRUST BETWEEN LNC & J A ORLANDO AS TRUSTEE DATED 8/14/98 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HOMEFED CORP CENTRAL INDEX KEY: 0000833795 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 330304982 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-40772 FILM NUMBER: 99727500 BUSINESS ADDRESS: STREET 1: 529 E SOUTH TEMPLE CITY: SALT LAKE CITY STATE: UT ZIP: 84102 BUSINESS PHONE: 8015211066 MAIL ADDRESS: STREET 1: 529 E SOUTH TEMPLE CITY: SALT LAKE CITY STATE: UT ZIP: 84102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRUST BETWEEN LNC & J A ORLANDO AS TRUSTEE DATED 8/14/98 CENTRAL INDEX KEY: 0001068688 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 315 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2124601932 MAIL ADDRESS: STREET 1: 315 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 SC 13D/A 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) HomeFed Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value 436919104 - -------------------------------------------------------------------------------- (Title of class of securities) (CUSIP number) Stephen E. Jacobs, Esq. Weil, Gotshal & Manges LLP 767 Fifth Avenue New York, New York 10153 (212) 310-8000 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) OCTOBER 8, 1999 - -------------------------------------------------------------------------------- (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(b)(3) or (4), check the following box [_]. 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, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section of the Exchange Act but shall be subject to all other provisions of the Exchange Act. (Continued on following page(s)) (Page 1 of 7 Pages) ================================================================================ NY2:\818855\02\HJTZ02!.DOC\76830.0194
- ------------------------------ --------------------------------------- ------------------------------------------------ CUSIP No. 436919104 13D Page 2 of 7 - ------------------------------ --------------------------------------- ------------------------------------------------ - ------------------- -------------------------------------------------- ------------------------------------------------------------- 1 NAME OF REPORTING PERSON: TRUST UNDER TRUST AGREEMENT DATED AUGUST 14, 1998 BETWEEN LEUCADIA NATIONAL CORPORATION AND JOSEPH A. ORLANDO, AS TRUSTEE S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - ------------------- --------------------------------------------------------------------------------------------- ------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ------------------------------- -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: NOT APPLICABLE - ------------------- --------------------------------------------------------------------------------------------- ------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- -------------------------------------------------- ------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK - ------------------------------ ------- -------------------------------------------- ------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER: NONE SHARES ------- -------------------------------------------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY ------- -------------------------------------------- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING ------- -------------------------------------------- ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE - ------------------- --------------------------------------------------------------- ------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: NONE - ------------------- --------------------------------------------------------------------------------------------- ------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------- --------------------------------------------------------------------------------------------- ------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% - ------------------- -------------------------------------------------- ------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: 00 - ------------------- -------------------------------------------------- ------------------------------------------------------------- - ------------------------------ --------------------------------------- ------------------------------------------------ CUSIP No. 436919104 13D Page 3 of 7 - ------------------------------ --------------------------------------- ------------------------------------------------ - ------------------- -------------------------------------------------- ------------------------------------------------------------- 1 NAME OF REPORTING PERSON: IAN M. CUMMING S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - ------------------- --------------------------------------------------------------------------------------------- ------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ------------------------------- -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: NOT APPLICABLE - ------------------- --------------------------------------------------------------------------------------------- ------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- -------------------------------------------------- ------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA - ------------------------------ ------- -------------------------------------------- ------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER: 7,626,290 SHARES ------- -------------------------------------------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 211,319 OWNED BY ------- -------------------------------------------- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 7,626,290 REPORTING ------- -------------------------------------------- ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 211,319 - ------------------- --------------------------------------------------------------- ------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,837,609 - ------------------- --------------------------------------------------------------------------------------------- ------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: SEE ITEM 5. [X] - ------------------- --------------------------------------------------------------------------------------------- ------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 13.9% - ------------------- -------------------------------------------------- ------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ------------------- -------------------------------------------------- ------------------------------------------------------------- - ------------------------------ --------------------------------------- ------------------------------------------------ CUSIP No. 436919104 13D Page 4 of 7 - ------------------------------ --------------------------------------- ------------------------------------------------ - ------------------- -------------------------------------------------- ------------------------------------------------------------- 1 NAME OF REPORTING PERSON: JOSEPH S. STEINBERG S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - ------------------- --------------------------------------------------------------------------------------------- ------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - ------------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------- ------------------------------- -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: NOT APPLICABLE - ------------------- --------------------------------------------------------------------------------------------- ------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ------------------- -------------------------------------------------- ------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA - ------------------------------ ------- -------------------------------------------- ------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER: 7,152,520 SHARES ------- -------------------------------------------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 36,762 OWNED BY ------- -------------------------------------------- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 7,152,520 REPORTING ------- -------------------------------------------- ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 36,762 - ------------------- --------------------------------------------------------------- ------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 7,189,282 - ------------------- --------------------------------------------------------------------------------------------- ------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: SEE ITEM 5. [X] - ------------------- --------------------------------------------------------------------------------------------- ------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 12.7% - ------------------- -------------------------------------------------- ------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ------------------- -------------------------------------------------- -------------------------------------------------------------
This Statement is Amendment No. 3 ("Amendment No. 3") to the Statement on Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange Commission by The Trust Under Agreement Dated August 14, 1998 between Leucadia National Corporation and Joseph A. Orlando, as Trustee, Ian M. Cumming and Joseph S. Steinberg (collectively, the "Beneficial Owners"), on August 24, 1998, as previously amended, relating to HomeFed Corporation, a Delaware corporation (the "Company"). Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. The information contained in Item 4 below is incorporated herein by reference. Item 4. Purpose of Transaction. On October 8, 1999 (the "Distribution Date"), the Trust distributed all of the shares of Common Stock owned by the Trust to its beneficiaries (the "Distribution"). After giving effect to the Distribution, the Trust held no shares of Common Stock. In the Distribution, Mr. Cumming received 7,626,290 shares of Common Stock, Mr. Steinberg received 7,152,520 shares of Common Stock and two trusts for the benefit of Mr. Steinberg's children received an aggregate of 893,258 shares of Common Stock (as to which Mr. Steinberg disclaims beneficial ownership). As a result of the Distribution, Mr. Cumming and Mr. Steinberg no longer have the right to vote any shares formerly held by the Trust, except as set forth in this Amendment No. 3. The Beneficial Owners have no plans or intentions which would result in or relate to any of the transaction described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. (a) and (b). As of the Distribution Date, Ian M. Cumming and Joseph S. Steinberg owned the following shares of Common Stock. Ian M. Cumming is the beneficial owner of 7,626,290 shares of Common Stock. Such shares of Common Stock represent approximately 13.5% of the 56,557,826 shares of Common Stock outstanding as of October 8, 1999. Mr. Cumming has sole dispositive power over such shares of Common Stock. Mr. Cumming also may be deemed to be the beneficial owner of an additional 211,319 shares of Common Stock (.4%) beneficially owned by his wife (directly and through trusts for the benefit of Mr. Cumming's children of which Mr. Cumming's wife is trustee). The foregoing does not include an aggregate of 73,296 shares of Common Stock (.1%) that are beneficially owned by a private charitable foundation, of which Mr. Cumming is a trustee and President and as to which Mr. Cumming disclaims beneficial ownership. Joseph S. Steinberg is the beneficial owner of 7,152,520 shares of Common Stock. Such shares of Common Stock represent approximately 12.6% of the 56,557,826 shares of Common Stock outstanding as of October 8, 1999. Mr. Steinberg has sole dispositive power over such shares of Common Stock. Mr. Steinberg also may be deemed to be the beneficial owner of an additional 36,762 shares of Common Stock (less than .1%) beneficially owned by his wife and 5 daughter. The foregoing does not include an aggregate of 23,815 shares of Common Stock (less than .1%) beneficially owned by a private charitable foundation, of which Mr. Steinberg and his wife are trustees, as to which Mr. Steinberg disclaims beneficial ownership. Mr. Steinberg also disclaims beneficial ownership as to an aggregate of an additional 893,258 shares of Common Stock (approximately 1.6%) beneficially owned by two trusts for the benefit of Mr. Steinberg's children. Messrs. Cumming and Steinberg have an oral agreement pursuant to which they will consult with each other as to the election of a mutually acceptable Board of Directors of the Company. (c). The information contained in Item 4 above is incorporated herein by reference. (d) Not applicable. (e). On the Distribution Date, the Trust ceased to be the beneficial owner of more than five percent of the outstanding Common Stock. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The information contained in Item 5 above is incorporated herein by reference. Except as described above, there are no contracts, arrangements, understandings or relationships with respect to any securities of the Company (i) among the Beneficial Owners and, to the best of their knowledge, any of the other persons identified pursuant to Item 2 of the Schedule 13D and (ii) between (a) the Beneficial Owners and, to the best of their knowledge, any of the other persons identified pursuant to Item 2 of the Schedule 13D and (b) any other person. 6 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: October 12, 1999 TRUST UNDER TRUST AGREEMENT DATED AUGUST 14, 1998 BETWEEN LEUCADIA NATIONAL CORPORATION AND JOSEPH A. ORLANDO, AS TRUSTEE By: /s/ Joseph A. Orlando ----------------------------------------------------------- Joseph A. Orlando, as Trustee /s/ Joseph S. Steinberg ----------------------------------------------------------- Joseph S. Steinberg /s/ Ian M. Cumming ----------------------------------------------------------- Ian M. Cumming 7 -----END PRIVACY-ENHANCED MESSAGE-----