-----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, ScuZpseKwdis39hO5JgyBd1JU5hnD1++mw0P5YQ2TCt4lM2kaCD2RRF5AqZSckli u/sQ1lgnCTtc2UiNRWcoLg== 0000922423-99-000391.txt : 19990305 0000922423-99-000391.hdr.sgml : 19990305 ACCESSION NUMBER: 0000922423-99-000391 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990304 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MARVEL ENTERPRISES INC CENTRAL INDEX KEY: 0000933730 STANDARD INDUSTRIAL CLASSIFICATION: DOLLS & STUFFED TOYS [3942] IRS NUMBER: 133711775 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-47191 FILM NUMBER: 99557301 BUSINESS ADDRESS: STREET 1: 685 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125885100 MAIL ADDRESS: STREET 1: 685 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: TOY BIZ INC DATE OF NAME CHANGE: 19941213 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DICKSTEIN PARTNERS INC CENTRAL INDEX KEY: 0000922415 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133537972 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 AMENDMENT NO. 2 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Marvel Enterprises,Inc. (formerly Toy Biz, Inc. ----------------------- (Name of Issuer) Common Stock, $.01 par value ---------------------------- (Title of Class of Securities) 57383M 10 8 ----------- (CUSIP Number) Alan S. Cooper Dickstein Partners Inc. 660 Madison Avenue, 16th Floor New York, New York 10021 (212) 754-4000 -------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 2, 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(e), 13(d)-1(f) or 13d-1(g), check the following box: |_| Page 1 of 15 pages SCHEDULE 13D CUSIP No.57383M 10 8 Page 2 of 15 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DICKSTEIN & CO., L.P. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5 (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS WC, 00 (See Item 3) - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 4,022,282 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING Not Applicable PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 4,022,282 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,022,282/1/ (See Item 5) - -------------------------------------------------------------------------------- 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) 11.1% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - -------- /1/ Includes 2,564,253 shares of Common Stock that the Reporting Person has the right to acquire upon conversion of 2,468,001 shares of the Issuer's 8% Convertible Exchangeable Preferred Stock (the "Preferred Stock") held by the Reporting Person. SCHEDULE 13D CUSIP No.57383M 10 8 Page 3 of 15 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DICKSTEIN FOCUS FUND L.P. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5 (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS WC, 00 (See Item 3) - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 417,101 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING Not Applicable PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 417,101 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,101/2/ (See Item 5) - -------------------------------------------------------------------------------- 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) 1.2% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - -------- /2/ Includes 246,481 shares of Common Stock that the Reporting Person has the right to acquire upon conversion of 237,229 shares of Preferred Stock held by the Reporting Person. SCHEDULE 13D CUSIP No.57383M 10 8 Page 4 of 15 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DICKSTEIN INTERNATIONAL LIMITED - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5 (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS WC, 00 (See Item 3) - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION BRITISH VIRGIN ISLANDS - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 993,019 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING Not Applicable PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 993,019 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 993,019/3/ (See Item 5) - -------------------------------------------------------------------------------- 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) 42.9% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - -------- /3/Includes 854,052 shares of Common Stock that the Reporting Person has the right to acquire upon conversion of 821,994 shares of Preferred Stock held by the Reporting Person. SCHEDULE 13D CUSIP No.57383M 10 8 Page 5 of 15 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DICKSTEIN PARTNERS, L.P. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5 (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS AF, 00 (See Item 3) - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF Not Applicable SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING 4,439,383 (See Item 5) PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER Not Applicable -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 4,439,383 (See Item 5) - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,439,383/4/ (See Item 5) - -------------------------------------------------------------------------------- 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) 12.2% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - -------- /4/ Includes 2,810,734 shares of Common Stock issuable upon conversion of 2,705,230 shares of Preferred Stock that may be deemed to be beneficially owned by the Reporting Person. SCHEDULE 13D CUSIP No.57383M 10 8 Page 6 of 15 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DICKSTEIN PARTNERS INC. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5 (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS AF, 00 (See Item 3) - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF Not Applicable SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING 5,432,402 (See Item 5) PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER Not Applicable -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 5,432,402 (See Item 5) - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,432,402/5/ (See Item 5) - -------------------------------------------------------------------------------- 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) 14.6% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - -------- /5/ Includes 3,664,786 shares of Common Stock issuable upon conversion of 3,527,224 shares of Preferred Stock that may be deemed to be beneficially owned by the Reporting Person. SCHEDULE 13D CUSIP No.57383M 10 8 Page 7 of 15 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ELYSSA DICKSTEIN, JEFFREY SCHWARZ, AND ALAN COOPER AS TRUSTEES U/T/A/D/ 12/27/88, MARK DICKSTEIN, GRANTOR - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5 (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS PF, 00 (See Item 3) - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 52,989 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING Not Applicable PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 52,989 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 52,989/6/ (See Item 5) - -------------------------------------------------------------------------------- 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) 0.2% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- - -------- /6/Represents shares of Common Stock issuable upon conversion of 51,000 shares of Preferred Stock held by the Reporting Person. SCHEDULE 13D CUSIP No.57383M 10 8 Page 8 of 15 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MARK DICKSTEIN AND ELYSSA DICKSTEIN, AS TRUSTEES OF THE MARK AND ELYSSA DICKSTEIN FOUNDATION - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5 (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS PF, 00 (See Item 3) - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 10,598 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING Not Applicable PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 10,598 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,598/7/ (See Item 5) - -------------------------------------------------------------------------------- 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) less than 0.1% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- - -------- /7/Represents shares of Common Stock issuable upon conversion of 10,200 shares of Preferred Stock held by the Reporting Person. SCHEDULE 13D CUSIP No.57383M 10 8 Page 9 of 15 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MARK DICKSTEIN - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5 (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS PF, AF (See Item 3) - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 64,167 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING 5,443,000 (See Item 5) PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 64,167 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 5,443,000 (See Item 5) - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,507,167/8/ (See Item 5) - -------------------------------------------------------------------------------- 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) 14.8% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- - -------- /8/ Includes 3,675,384 shares of Common Stock issuable upon conversion of 3,537,424 shares of Preferred Stock that may be deemed to be beneficially owned by the Reporting Person and 6,667 shares of Common Stock issuable upon exercise of options held by the Reporting Person. SCHEDULE 13D CUSIP No.57383M 10 8 Page 10 of 15 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ELYSSA DICKSTEIN - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5 (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS PF, AF (See Item 3) - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 148,369 (See Item 5) SHARES -------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY EACH REPORTING 63,587 (See Item 5) PERSON -------------------------------------------------------------- WITH 9) SOLE DISPOSITIVE POWER 148,369 (See Item 5) -------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 63,587 (See Item 5) - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 211,956/9/ (See Item 5) - -------------------------------------------------------------------------------- 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) 0.6% (See Item 5) - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- - -------- /9/ Consists of 148,369 shares of Common Stock that the Reporting Person has the right to acquire upon conversion of 142,800 shares of Preferred Stock held by the Reporting Person and 63,587 shares of Common Stock issuable upon conversion of 61,200 shares of Preferred Stock that may be deemed to be beneficially owned by the Reporting Person. Amendment No, 2 to Schedule 13D Introduction This amends the Schedule 13D dated October 1, 1998 as amended by Amendment No. 1 thereto, dated October 13, 1998 (the "Schedule 13D"), filed by Dickstein & Co., L.P. ("Dickstein & Co."), Dickstein Focus Fund L.P. ("Dickstein Focus"), Dickstein International Limited ("Dickstein International"), Dickstein Partners, L.P. ("Dickstein Partners"), Dickstein Partners Inc. ("Dickstein Inc."), Elyssa Dickstein, Jeffrey Schwarz, and Alan Cooper as Trustees U/T/A/D 12/27/88, Mark Dickstein, Grantor (the "Dickstein Trust"), Mark Dickstein and Elyssa Dickstein, as Trustees of the Mark and Elyssa Dickstein Foundation (the "Dickstein Foundation"), Mark Dickstein and Elyssa Dickstein, with respect to the common stock, $.01 par value (the "Common Stock"), of Marvel Enterprises, Inc., a Delaware corporation (the "Company"). Dickstein & Co., Dickstein Focus, Dickstein International, Dickstein Partners, Dickstein Inc., the Dickstein Trust, the Dickstein Foundation, Mark Dickstein and Elyssa Dickstein are collectively referred to as the "Reporting Persons." The Company's 8% Convertible Exchangeable Preferred Stock is referred to as the "Preferred Stock." Notwithstanding this Amendment 2, the Schedule 13D speaks as of its respective dates. I. Items 5(a) and 5(c) of the Schedule 13D "Interest in Securities of the Issuer" are amended and restated as follows: (a) The Reporting Persons beneficially own an aggregate of 5,708,525 shares of Common Stock, representing approximately 15.3%/10/ of the Common Stock outstanding. Such shares are directly held by the Reporting Persons as follows:
Common Stock Percentages of Issuable Upon Common Stock Conversion of Beneficially Common Stock Preferred Stock Preferred Stock Owned Dickstein & Co. 1,458,029 2,468,001 2,564,253 11.1% Dickstein Focus 170,620 237,229 246,481 1.2 Dickstein International 138,967 821,994 854,052 2.9 Dickstein Trust -- 51,000 52,989 0.2 Dickstein Foundation -- 10,200 10,598 less than 0.1 - -------- /10/ Percentages are based upon 33,452,127 shares of Common Stock reported outstanding at November 1, 1998 in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 1998 plus 90,000 shares granted to the Company's non-employee directors on January 4, 1999. 11 Mark Dickstein 64,167/11/ -- -- 0.2 Elyssa Dickstein -- 142,800 148,369 0.4 Each share of Preferred Stock is convertible into 1.039 shares of Common Stock (subject to certain anti-dilution adjustments), votes generally with the Common Stock as a single class on the basis of the number of shares of Common Stock into which it is convertible, and votes as a separate class on certain matters as provided in the Company's Restated Certificate of Incorporation, to which reference is made for a complete specification of the terms of the Preferred Stock. The following table sets forth the percentages of the outstanding Common Stock, the outstanding Preferred Stock and the outstanding voting power of the Company directly held by each of the Reporting Persons: Percentage Percentage of Percentage of of Outstanding Common Stock/12/ Preferred Stock/13/ Voting Power Dickstein & Co. 4.4% 14.3% 7.8% Dickstein Focus 0.5 1.4 0.8 Dickstein International 0.4 4.8 1.9 Dickstein Trust -- 0.3 0.1 Dickstein Foundation -- 0.1 less than 0.1 Mark Dickstein 0.2 -- 0.1 Elyssa Dickstein -- 0.8 0.3 Total 5.5% 21.7% 11.1%
(c) On March 2, 1999, Dickstein Focus sold 25,000 shares of Common Stock and Dickstein International sold 475,000 shares of Common Stock, in each case at a price of $5 15/16 per share, in a privately negotiated transaction. The Company paid a regularly scheduled in-kind dividend on the Preferred Stock on January 4, 1999 for the quarter ended December 31, 1998 to the Reporting Persons as follows: Dickstein & Co., 48,392 shares; Dickstein Focus, 4,652 shares; Dickstein International, 16,118 - -------- /11/ Includes 6,667 issuable upon exercise of options held by Mr. Dickstein. /12/ Based upon 33,542,127 shares of Common Stock outstanding. See the previous footnote. /13/ Based upon 17,238,040 shares of Preferred Stock outstanding following payment of an in-kind dividend for the quarter ended December 31, 1998. 12 shares; Dickstein Trust, 1,000 shares; Dickstein Foundation, 200 shares; and Elyssa Dickstein, 2,800 shares. On January 4, 1999, Mark Dickstein, in his capacity as a director of the Company, was granted 10,000 shares of Common Stock. Except as aforesaid, none of the persons identified in Item 2 has effected any transactions in the Common Stock during the past 60 days. II. Item 6 of the Schedule 13D, "Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer," is amended by adding the following: On November 11, 1998, Mr. Dickstein in his capacity as a director of the Company was granted options to acquire 20,000 shares of Common Stock, at an exercise price of $6.25, one-third of which options are immediately exercisable, and the balance of which become exercisable in equal installments on the first two anniversaries on the date of grant. The grant of the options was subject to stockholder approval, which was obtained as of January 20, 1999. 13 SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Date: March 4, 1999 DICKSTEIN & CO., L.P. By: Alan S. Cooper, as Vice President of Dickstein Partners Inc., the general partner of Dickstein Partners, L.P., the general partner of Dickstein & Co., L.P. By: /s/ Alan S. Cooper Name: Alan S. Cooper DICKSTEIN FOCUS FUND L.P. By: Alan S. Cooper, as Vice President of Dickstein Partners Inc., the general partner of Dickstein Partners, L.P., the general partner of Dickstein Focus Fund L.P. By:/s/ Alan S. Cooper Name: Alan S. Cooper DICKSTEIN INTERNATIONAL LIMITED By: Alan S. Cooper, as Vice President of Dickstein Partners Inc., the agent of Dickstein International Limited By: /s/ Alan S. Cooper ------------------- Name: Alan S. Cooper DICKSTEIN PARTNERS, L.P. By: Alan S. Cooper, as Vice President of Dickstein Partners Inc., the general partner of Dickstein Partners, L.P. By:/s/ Alan S. Cooper ------------------- Name: Alan S. Cooper 14 DICKSTEIN PARTNERS INC. By: Alan S. Cooper, as Vice President By: /s/ Alan S. Cooper ------------------- Name: Alan S. Cooper MARK DICKSTEIN By: /s/ Mark Dickstein ------------------- Name: Mark Dickstein ELYSSA DICKSTEIN By: /s/ Elyssa Dickstein ------------------- Name: Elyssa Dickstein ELYSSA DICKSTEIN, JEFFREY SCHWARZ, AND ALAN S. COOPER AS TRUSTEES U/T/A/D 12/27/88, MARK DICKSTEIN, GRANTOR By: /s/ Alan S. Cooper ------------------- Name: Alan S. Cooper MARK DICKSTEIN AND ELYSSA DICKSTEIN AS TRUSTEES OF THE MARK AND ELYSSA DICKSTEIN FOUNDATION By: /s/ Mark Dickstein ------------------- Name: Mark Dickstein -----END PRIVACY-ENHANCED MESSAGE-----