-----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, ByVSQNFhK3jrobHu6xSQ+GueNUknnQKURVj4lMfjOY+0jLXuCmytD94tjdLDub1Q UKm7tE2rP4EyIZB3O+sCyw== 0000899140-99-000162.txt : 19990215 0000899140-99-000162.hdr.sgml : 19990215 ACCESSION NUMBER: 0000899140-99-000162 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990212 GROUP MEMBERS: DUQUESNE CAPITAL MANAGEMENT, L.L.C. GROUP MEMBERS: GEORGE SOROS GROUP MEMBERS: SOROS FUND MANAGEMENT LLC GROUP MEMBERS: STANLEY DRUCKENMILLER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DELTA & PINE LAND CO CENTRAL INDEX KEY: 0000902277 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 621040440 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-45159 FILM NUMBER: 99537396 BUSINESS ADDRESS: STREET 1: ONE COTTON ROW CITY: SCOTT STATE: MI ZIP: 38772 BUSINESS PHONE: 6017423351 MAIL ADDRESS: STREET 1: ONE COTTON ROW CITY: SCOTT STATE: MS ZIP: 38772 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOROS FUND MANAGEMENT LLC CENTRAL INDEX KEY: 0001029160 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133914976 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10106 BUSINESS PHONE: 2128721054 MAIL ADDRESS: STREET 1: C/O AKIN, GUMP, STRAUSS,HAUER,FELD, STREET 2: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 AMENDMENT NO. 1 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* DELTA AND PINE LAND COMPANY --------------------------- (Name of Issuer) Common Stock, $0.10 Par Value ----------------------------- (Title of Class of Securities) 247357106 --------- (CUSIP Number) December 31, 1998 ----------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] 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 the 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). - ---------------------------------- ----------------------- CUSIP No. 247357106 13G Page 2 of 11 Pages ------------------------ --- ---- - ---------------------------------- ----------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Soros Fund Management LLC - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER 1,975,921 ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 1,975,921 WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,975,9211 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.14% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO, IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------- 1 Position as of February 11, 1999. Page 2 of 11 Pages - ---------------------------------- ----------------------- CUSIP No. 247357106 13G Page 3 of 11 Pages ------------------------ --- ---- - ---------------------------------- ----------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON George Soros (in the capacity described herein) - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,975,921 OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,975,921 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,975,9212 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.14% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------- 2 Position as of February 11, 1999. Page 3 of 11 Pages - ---------------------------------- ----------------------- CUSIP No. 247357106 13G Page 4 of 11 Pages ------------------------ --- ---- - ---------------------------------- ----------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Stanley F. Druckenmiller (in the capacity described herein) - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,975,921 OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,975,921 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,975,9213 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.14% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------- 3 Position as of February 11, 1999. Page 4 of 11 Pages - ---------------------------------- ----------------------- CUSIP No. 247357106 13G Page 5 of 11 Pages ------------------------ --- ---- - ---------------------------------- ----------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Duquesne Capital Management, L.L.C. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION PENNSYLVANIA - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-4 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO, IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - -------------------------- 4 Position as of February 11, 1999. Page 5 of 11 Pages Item 1(a) Name of Issuer: - --------- --------------- Delta and Pine Land Company (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: - --------- ------------------------------------------------ One Cotton Row Scott, Mississippi 38772 Items 2(a) Name of Person Filing: - ---------- ---------------------- This Statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): i) Soros Fund Management LLC, a Delaware limited liability company ("SFM LLC"); ii) Mr. George Soros ("Mr. Soros"); iii) Mr. Stanley F. Druckenmiller ("Mr. Druckenmiller"); and iv) Due to a recent disposition of all of the Shares (as defined herein) held for the accounts of the Duquesne Clients (as defined herein), this Schedule 13G will no longer include Duquesne Capital Management, L.L.C., a Pennsylvania limited liability company, as a Reporting Person. This Statement relates to Shares (as defined herein) held for the accounts of Quantum Partners, Quasar Partners and the Duquesne LLC Clients (each as defined herein). SFM LLC serves as principal investment manager to Quantum Partners LDC, a Cayman Islands exempted limited duration company ("Quantum Partners") and, as such, has been granted investment discretion over portfolio investments, including the Shares held for the account of Quantum Partners. Pursuant to a combination of Quasar International Fund N.V. ("Quasar Fund") with and into Quantum Industrial Holdings Ltd. ("QIH"), effective February 1, 1999, portfolio investments previously held indirectly by Quasar Fund (including the Shares held for the account of Quasar International Partners, C.V., a Page 6 of 11 Pages Netherlands Antilles limited partnership ("Quasar Partners")), were transferred to, and are held indirectly by, QIH. SFM LLC serves as principal investment manager to both Quasar Partners and QIH, and remains the principal investment manager of such portfolio investments. Mr. Soros is the Chairman of SFM LLC. Mr. Druckenmiller is the Lead Portfolio Manager and a Member of the Management Committee of SFM LLC. Mr. Druckenmiller also owns a 75% interest in, and is the sole managing member of, Duquesne LLC, an investment advisory firm that serves as a discretionary investment advisor to a limited number of institutional clients (the "Duquesne LLC Clients"). Item 2(d) Title of Class of Securities: - --------- ----------------------------- Common Stock, par value $0.10 per share (the "Shares") Item 2(e) CUSIP Number: - --------- ------------- 247357106 Item 4. Ownership: - ------- ---------- Item 4(a) Amount Beneficially Owned: - --------- -------------------------- As of February 11, 1999, each of the Reporting Persons may be deemed the beneficial owner of the following number of Shares: i) SFM LLC, Mr. Soros and Mr. Druckenmiller may be deemed to be the beneficial owner of 1,975,921 Shares. This number consists of (A) 1,934,577 Shares held for the account of Quantum Partners and (B) 41,344 Shares held for the account of Quasar Partners. ii) Duquesne LLC may be deemed the beneficial owner of -0- Shares held for the accounts of the Duquesne LLC Clients. Item 4(b) Percent of Class: - --------- ----------------- i) The number of Shares of which each of SFM LLC, Mr. Soros and Mr. Druckenmiller may be deemed to be the beneficial owner constitutes approximately 5.14% of the total number of Shares outstanding. Page 7 of 11 Pages ii) The number of Shares of which Duquesne LLC may be deemed to be the beneficial owner constitutes 0.00% the total number of Shares outstanding. Item 4(c) Number of shares as to which such person has: - --------- --------------------------------------------- SFM LLC ------- (i) Sole power to vote or to direct the vote: 1,975,921 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 1,975,921 (iv) Shared power to dispose or to direct the disposition of: -0- Mr. Soros --------- (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote: 1,975,921 (iii) Sole power to dispose or to direct the disposition of: -0- (iv) Shared power to dispose or to direct the disposition of: 1,975,921 Mr. Druckenmiller ----------------- (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote: 1,975,921 (iii) Sole power to dispose or to direct the disposition of: -0- (iv) Shared power to dispose or to direct the disposition of: 1,975,921 Page 8 of 11 Pages Duquesne LLC ------------ (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: -0- (iv) Shared power to dispose or to direct the disposition of: -0- Item 6 Ownership of More than Five Percent on Behalf of Another Person: - ------ ---------------------------------------------------------------- The shareholders of Quantum Partners, including Quantum Fund N.V., a Netherlands Antilles company, have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the account of Quantum Partners in accordance with their ownership interests in Quantum Partners. The partners of Quasar Partners, including Quantum Industrial Partners LDC, a Cayman Islands Limited Duration Company, have the right to participate in the receipt of dividends from, or proceeds from the sale of, securities (including the Shares) held for the account of Quasar Partners in accordance with their partnership interests in Quasar Partners. Duquesne LLC expressly disclaims beneficial ownership of any Shares. Item 7 Identification and Classification of the - ------ ---------------------------------------- Subsidiary Which Acquired the Security Being -------------------------------------------- Reported on By the Parent Holding Company: ------------------------------------------ Not Applicable Item 8 Identification and Classification of Members of the Group: - ------ ---------------------------------------------------------- Not Applicable Item 9 Notice of Dissolution of Group: - ------ ------------------------------- Not Applicable Page 9 of 11 Pages Item 10 Certification: - ------- -------------- By signing below each signatory certifies that, to the best of his/its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 10 of 11 Pages 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. Dated: February 12, 1999 SOROS FUND MANAGEMENT LLC By: /s/ Michael C. Neus ---------------------------- Michael C. Neus Assistant General Counsel Dated: February 12, 1999 GEORGE SOROS By: /s/ Michael C. Neus ---------------------------- Michael C. Neus Attorney-in-Fact Dated: February 12, 1999 STANLEY F. DRUCKENMILLER By: /s/ Michael C. Neus ---------------------------- Michael C. Neus Attorney-in-Fact Dated: February 12, 1999 DUQUESNE CAPITAL MANAGEMENT, L.L.C. By: /s/ Gerald Kerner ---------------------------- Gerald Kerner Managing Director Page 11 of 11 Pages -----END PRIVACY-ENHANCED MESSAGE-----