-----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, ASHgtAkdyWjam34A38BsYOAXB7eQPtCUfPHMxEZGeHvgUgat3dtbb41UhbR6/7nQ oC9NEV5ax+sXHHdl4gYJgg== 0000903423-04-000201.txt : 20040219 0000903423-04-000201.hdr.sgml : 20040219 20040219121734 ACCESSION NUMBER: 0000903423-04-000201 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20021130 FILED AS OF DATE: 20040219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MS STRUCTURED ASSET CORP CENTRAL INDEX KEY: 0001071246 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 134026700 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-16443 FILM NUMBER: 04615259 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2127611715 FORMER COMPANY: FORMER CONFORMED NAME: MSDW STRUCTURED ASSET CORP DATE OF NAME CHANGE: 19980929 10-K/A 1 msdw10k_2-19.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________ FORM 10-K/A FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2002 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Numbers 333-64879, 001-16443, 001-16819, 001-31382, 001-31408, 001-31438 MS STRUCTURED ASSET CORP. On behalf of SATURNS Trust No. 2001-1 SATURNS Trust No. 2001-2 SATURNS Trust No. 2001-3 SATURNS Trust No. 2001-4 SATURNS Trust No. 2001-5 SATURNS Trust No. 2001-6 SATURNS Trust No. 2001-7 SATURNS Trust No. 2001-8 SATURNS Trust No. 2002-1 SATURNS Trust No. 2002-3 SATURNS Trust No. 2002-4 SATURNS Trust No. 2002-5 SATURNS Trust No. 2002-6 SATURNS Trust No. 2002-7 SATURNS Trust No. 2002-8 SATURNS Trust No. 2002-9 SATURNS Trust No. 2002-10 SATURNS Trust No. 2002-11 SATURNS Trust No. 2002-12 SATURNS Trust No. 2002-13 SATURNS Trust No. 2002-14 (Exact name of registrant as specified in its charter) Delaware 13-4026700 (State or other jurisdiction of (IRS Employer Identification No.) incorporation or organization) 1585 Broadway, Second Floor New York, New York 10036 (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (212) 761-2520
Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered ------------------- ----------------------------------------- SATURNS IBM Corporation Debenture-Backed New York Stock Exchange Series 2001-1 7.125% Callable Units SATURNS Citizens Communications Company Debenture-Backed Series New York Stock Exchange 2001-2 8.625% Callable Units SATURNS BellSouth Debenture-Backed New York Stock Exchange Series 2001-3 7.125% Callable Units SATURNS Cummins Engine Company Debenture-Backed New York Stock Exchange Series 2001-4 9.25% Callable Units SATURNS Bank of America Debenture-Backed New York Stock Exchange Series 2001-6 7.25% Callable Units SATURNS SAFECO Capital Security Backed New York Stock Exchange Series 2001-7 8.25% Callable Units SATURNS AT&T Corp. Debenture-Backed New York Stock Exchange Series 2001-8 7.40% Callable Units SATURNS Aon Capital Security Backed New York Stock Exchange Series 2002-1 7.50% Class A Callable Units SATURNS DPL Capital Security Backed New York Stock Exchange Series 2002-3 7.875% Class A Callable Units SATURNS DPL Capital Security Backed New York Stock Exchange Series 2002-4 8.00% Class A Callable Units SATURNS SAFECO Capital Security Backed New York Stock Exchange Series 2002-5 8.25% Callable Units SATURNS JP Morgan Chase Capital Security Backed New York Stock Exchange Series 2002-6 7.125% Class A Callable Units SATURNS DPL Capital Security Backed New York Stock Exchange Series 2002-7 7.875% Class A Callable Units SATURNS AT&T Wireless Debenture-Backed New York Stock Exchange Series 2002-8 9.25% Callable Units SATURNS Verizon Global Funding Debenture-Backed New York Stock Exchange Series 2002-9 7.50 Class A Callable Units SATURNS CSFB USA Debenture-Backed New York Stock Exchange Series 2002-10 7.00% Class A Callable Units SATURNS AIG Capital Security Backed New York Stock Exchange Series 2002-11 6.00% Class A Callable Units SATURNS GE Global Insurance Holding Corporation New York Stock Exchange Debenture Backed Series 2002-12 6.25% Class A Callable Units SATURNS GE Global Insurance Holding Corporation New York Stock Exchange Debenture Backed Series 2002-13 6.25% Class A Callable Units SATURNS General Electric Capital Corporation New York Stock Exchange Debenture Backed Series 2002-14 6.00% Class A Callable Units
Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ] All of the common stock of the registrant is held by Morgan Stanley. Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No As of February 20, 2003, 1,000 shares of common stock, par value $1.00 per share, were outstanding. DOCUMENTS INCORPORATED BY REFERENCE: The distribution reports to security holders filed on Form 8-K during the Fiscal Year in lieu of reports on Form 10-Q, which also include, without limitation, the reports filed on Form 8-K on July 31, 2002 and August 1, 2002. Introductory Note The Registrant is the depositor under the trust agreements for it various SATURNS Units listed on the New York Stock Exchange. The Units do not represent obligations of or interests in the Depositor. Pursuant to staff administrative positions established in various no-action letters, see e.g. Corporate Asset Backed Corporation (available August 9, 1995), the Registrant is not required to respond to various items of Form 10-K. Such items are designated herein as "Not applicable." Distribution reports detailing receipts and distributions by each trust are filed shortly after each distribution date on Form 8-K in lieu of reports on Form 10-Q. This Amended Annual Report amends the Annual Report for the fiscal year ended November 30, 2002, filed on Form 10-K dated February 28, 2003. The underlying security issuer or guarantor, as applicable, of the securities held by each of the trusts is subject to the informational requirements of the Exchange Act. The underlying security issuer or guarantor, as applicable, currently files reports, proxy statements and other information with the SEC. For information regarding such underlying security issuer or guarantor, you should refer to such reports. These periodic, current and other reports and other information can be inspected and copied at the public reference facilities maintained by the SEC at Room 1024, 450 Fifth Street, N.W., Washington, D.C. 20549. Copies of those materials can be obtained by making a written request to the SEC, Public Reference Section, 450 Fifth Street, N.W., Washington, D.C. 20549, at prescribed rates. The SEC also maintains a website on the internet at http://www.sec.gov at which users can view and download copies of reports, proxy, information statements and other information filed electronically. In addition, those reports and other information may also be obtained from the underlying security issuer by making a request to the underlying security issuer. The trust, the trustee, the Registrant, and their affiliates have not verified, have not undertaken to verify, and will not verify, the content of any such reports or information. The name and the central index key (CIK) for each underlying security issuer or guarantor is set forth below: Trust Underlying Security Issuer or Guarantor CIK 2001-1 International Business Machines Corp 0000051143 2001-2 Citizens Communications Company 0000020520 2001-3 BellSouth Corporation 0000732713 2001-4 Cummins Inc. 0000026712 2001-6 Bank of America Corporation 0000070858 2001-7 SAFECO Corporation 0000086104 2001-8 AT&T Corp. 0000005907 2002-1 Aon Corp 0000315293 2002-3 DPL Inc. 0000787250 2002-4 DPL Inc. 0000787250 2002-5 SAFECO Corporation 0000086104 2002-6 JP Morgan Chase &Co. 0000019617 2002-7 DPL Inc. 0000787250 2002-8 AT&T Wireless Services, Inc. 0001138234 2002-9 Verizon Communications Inc. 0000732712 2002-10 Credit Suisse First Boston (USA), Inc. 0000029646 2002-11 American International Group, Inc. 0000005272 2002-12 GE Global Insurance Holding Corporation 0000947354 2002-13 GE Global Insurance Holding Corporation 0000947354 2002-14 General Electric Capital Corporation 0000040554 PART I ITEM 1. BUSINESS Not Applicable ITEM 2. PROPERTIES Not Applicable ITEM 3. LEGAL PROCEEDINGS None ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. None PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS The Units issued by the SATURNS trusts listed below representing investors' interest in such trust are represented by one or more physical certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company. These Units are listed on the New York Stock Exchange: SATURNS Trust No. 2001-1 (IBM debentures) SATURNS Trust No. 2001-2 (Citizens Communications debentures) SATURNS Trust No. 2001-3 (BellSouth debentures) SATURNS Trust No. 2001-4 (Cummins Engine debentures) SATURNS Trust No. 2001-6 (Bank of America capital securities) SATURNS Trust No. 2001-7 (SAFECO capital securities) SATURNS Trust No. 2001-8 (AT&T debentures) SATURNS Trust No. 2002-1 Class A Units (Aon capital securities) SATURNS Trust No. 2002-3 Class A Units (DPL capital securities) SATURNS Trust No. 2002-4 Class A Units (DPL capital securities) SATURNS Trust No. 2002-5 Class A Units (SAFECO capital securities) SATURNS Trust No. 2002-6 Class A Units (JP Morgan Chase capital securities) SATURNS Trust No. 2002-7 Class A Units (DPL capital securities) SATURNS Trust No. 2002-8 (AT&T Wireless debentures) SATURNS Trust No. 2002-9 Class A Units (Verizon Global Funding debentures) SATURNS Trust No. 2002-10 Class A Units (CSFB USA debentures) SATURNS Trust No. 2002-11 Class A Units (AIG capital securities) SATURNS Trust No. 2002-12 Class A Units (GE Global debentures) SATURNS Trust No. 2002-13 Class A Units (GE Global debentures) SATURNS Trust No. 2002-14 Class A Units (GECC debentures) ITEM 6. SELECTED FINANCIAL DATA Not Applicable ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Not Applicable ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Not Applicable ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Not Applicable ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE None ITEM 9A. CONTROLS AND PROCEDURES Not Applicable PART III ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT Not Applicable ITEM 11. EXECUTIVE COMPENSATION Not Applicable Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT None ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS None ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES Not Applicable PART IV ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K (a) The following documents are filed as part of this Report: None (b) Reports on Form 8-K: See Table Below:
- --------------- --------- ---------------------------- ------------------------------- ---------------------------- SATURNS Trust Closing Collateral Payment Dates Form 8-K Filing Dates (Not No.: Date Trust Agreement Filings in connection with Closing Date) For FY 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2001-1 4/24/01 IBM Debentures due 2096 June 1 and December 1 December 13, 2001, June 25, 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2001-2 5/11/01 Citizens Communications April 1 and October 1 April 5, 2002, October 21, Company Debentures due 2046 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2001-3 5/22/01 BellSouth Corporation January 15 and July 15 January 17, 2002, July 18, Debentures due 2097 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2001-4 6/4/01 Cummins Engine Debentures March 1 and September 1 March 8, 2002, September due 2098 12, 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2001-5 7/10/01 WorldCom Debentures due May 15 and November 15 May 23, 2002, 2031 Terminated July 2002 Termination Related: July 31, 2002, August 1, 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2001-6 7/16/01 Bank of America Capital March 31, June 30, September January 10, 2002, April 5, Securities due 2026 30, December 31 2002, July 26, 2002, September 26, 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2001-7 12/12/01 SAFECO Capital Trust I January 15 and July 15 January 30, 2002, July 18, Capital Securities due 2037 2002, July 26, 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2001-8 12/20/01 AT&T Debentures due 2029 March 15 and September 15 March 22, 2002, July 26, 2002, September 20, 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-1 2/26/02 Aon Capital A Capital January 1 and July 1 July 11, 2002, July 26, Securities due 2027 2002 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-3 3/19/02 DPL Capital Trust II March 1 and September 1 September 12, 2002 Capital Securities due 2031 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-4 4/25/02 DPL Capital Securities due March 1 and September 1 September 12, 2002 2031 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-5 5/14/02 SAFECO Capital Securities January 15 and July 15 July 24, 2002 due 2037 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-6 6/19/02 JPM Capital Trust II February 1 and August 1 August 20, 2002 Capital Securities due 2027 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-7 7/9/02 DPL Capital Trust II March 1 and September 1 September 12, 2002 Capital Securities due 2031 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-8 7/11/02 AT&T Wireless Debentures March 1 and September 1 September 12, 2002 due 2031 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-9 7/30/02 Verizon Global Funding June 1 and December 1 None required during Debentures due 2030 fiscal year - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-10 8/20/02 CSFB USA Debentures due January 15 and July 15 None required during 2032 fiscal year - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-11 10/28/02 American General June 1 and December 1 None required during Institutional Capital A fiscal year Capital Securities due 2045 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-12 10/29/02 GE Global Insurance June 15 and December 15 None required during Holding Corp. Debentures fiscal year due 2030 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-13 10/29/02 General Electric Global February 15 and August 15 None required during Insurance Holding Corp. fiscal year Debentures due 2026 - --------------- --------- ---------------------------- ------------------------------- ---------------------------- 2002-14 11/14/02 General Electric Capital March 15 and September 15 None required during Corp. Debentures due 2032 fiscal year - --------------- --------- ---------------------------- ------------------------------- ----------------------------
(c) Exhibits: Exhibit 31.1 Rule 13a-14(d) Certification Exhibit 31.2 Trustee Compliance Certification (d) Not applicable SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 19, 2004 MS STRUCTURED ASSET CORP. (Registrant) By: /s/ John Kehoe ------------------------- Name: John Kehoe Title: Vice President Date: February 19, 2004 EX-31.1 3 msdw10kex311_2-19.txt Exhibit 31.1 REVISED CERTIFICATION I, John Kehoe, certify that: 1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of MS Structured Asset Corp. on behalf of the trusts specified on Annex A hereto; 2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report; 3. Based on my knowledge, the distribution or servicing information required to be provided to the depositor by the trustee under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports; and 4. I am responsible for reviewing the activities performed by the depositor and the trustee under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the depositor and trustee have each fulfilled its obligations under that agreement. In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: LaSalle Bank National Association and its officers and agents. By: /s/ John Kehoe ------------------------- Name: John Kehoe Title: Vice President Date: February 19, 2004 Annex A to Revised Rule 13a-14(d) Certification Trusts Included in Rule 13a-14(d) Certification SATURNS Trust No. 2001-1 SATURNS Trust No. 2001-2 SATURNS Trust No. 2001-3 SATURNS Trust No. 2001-4 SATURNS Trust No. 2001-5 SATURNS Trust No. 2001-6 SATURNS Trust No. 2001-7 SATURNS Trust No. 2001-8 SATURNS Trust No. 2002-1 SATURNS Trust No. 2002-3 SATURNS Trust No. 2002-4 SATURNS Trust No. 2002-5 SATURNS Trust No. 2002-6 SATURNS Trust No. 2002-7 SATURNS Trust No. 2002-8 SATURNS Trust No. 2002-9 SATURNS Trust No. 2002-10 SATURNS Trust No. 2002-11 SATURNS Trust No. 2002-12 SATURNS Trust No. 2002-13 SATURNS Trust No. 2002-14 EX-31.2 4 msdw10kex312_2-19.txt Exhibit 31.2 LASALLE BANK NATIONAL ASSOCIATION ABS ANNUAL REPORT BACKUP CERTIFICATION In connection with the preparation and delivery of the annual report on Form 10-K of MS Structured Asset Corp. for the fiscal year ending November 30, 2002, and the certifications given by Matthew J. Zola, Michael B. Pohly and John Kehoe with respect thereto, the undersigned hereby certifies that he is a duly elected Vice President of LaSalle Bank National Association and further certifies in his capacity as such as follows: 1. LaSalle Bank National Association has prepared all distribution reports with respect to each distribution date for each trust under the SATURNS program, which includes each trust listed in Item 5 of the annual report and SATURNS Trust No. 2001-5, and has filed a copy of such reports on Form 8-K during the fiscal year as described on Exhibit A hereto, which also include, for the avoidance of doubt, the reports filed on Form 8-K on July 31, 2002 and August 1, 2002 with respect to the termination of SATURNS Trust No. 2001-5. 2. I have reviewed all reports on Form 8-K containing distribution reports filed in respect of periods included in the fiscal year covered by the annual report of MS Structured Asset Corp.; 3. I am familiar with the operations of LaSalle Bank National Association with respect to the SATURNS program and each of the applicable trusts and the requirement imposed by each of the applicable trust agreements; 4. Based on my knowledge, the information in the distribution reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by the annual report; 5. Based on my knowledge, the information required to be provided under each trust agreement, for inclusion in these reports, is included in these reports; 6. Based on my knowledge, and except as disclosed in the reports, the trustee has fulfilled its obligations, including any servicing obligations, under the trust agreement. 7. Based on my knowledge, and except as disclosed in the reports, there are no material legal proceedings with respect to any trust, involving the trust or LaSalle Bank National Association as trustee. By: /s/ Russell M. Goldenburg ------------------------------ Name: Russell M. Goldenburg Title: Group Senior Vice President Date: February 28, 2003 EXHIBIT A Distribution 8-K Filing Date Date SATURNS 2001-1 12/3/01 12/13/01 6/3/02 6/25/02 SATURNS 2001-2 4/1/02 4/5/02 10/1/02 10/21/02 SATURNS 2001-3 1/15/02 1/17/02 7/15/02 7/18/02 SATURNS 2001-4 3/1/02 3/8/02 9/30/02 9/12/02 SATURNS 2001-5 5/15/02 5/23/02 bankruptcy notification 7/31/02 termination 8/1/02 SATURNS 2001-6 12/31/01 1/10/02 4/1/02 4/5/02 7/1/02 7/26/02 9/30/02 9/26/02 SATURNS 2001-7 1/15/02 1/30/02 7/15/02 7/18/08 7/15/02 7/26/02 SATURNS 2001-8 3/15/02 3/22/02 3/15/02 7/26/02 9/16/02 9/20/02 SATURNS 2002-1 7/1/02 7/11/02 7/1/02 7/26/02 SATURNS 2002-3 9/3/02 9/12/02 SATURNS 2002-4 9/3/02 9/12/02 SATURNS 2002-5 7/15/02 7/24/02 SATURNS 2002-6 8/1/02 8/20/02 SATURNS 2002-7 9/3/02 9/12/02 SATURNS 2002-8 9/3/02 9/12/02 -----END PRIVACY-ENHANCED MESSAGE-----