SC 13D/A 1 amendmentthree.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

Adams Respiratory Therapeutics, Inc.

--------------------------------------------------------------------------------

(Name of Issuer)

 

Common Stock, $0.01 par value

--------------------------------------------------------------------------------

(Title of Class of Securities)

 

00635P 10 7

--------------------------------------------------------------------------------

(CUSIP Number)

 

Marc D. Hauser

Equity Group Investments, L.L.C.

2 North Riverside Plaza, Suite 600

Chicago, Illinois 60606

312-466-3281

--------------------------------------------------------------------------------

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

March 3, 2006

--------------------------------------------------------------------------------

(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 that is the subject of this Schedule 13D, and is filing this schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [_].

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss. 240.13d-7(b) for other parties to whom copies are to be sent.

 

* 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 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).

 

 

 

 

POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

EGI-Fund (99) Investors, L.L.C.

FEIN 36-4345569

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Delaware

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 0

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 0

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

0

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

OO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

EGI-Fund (00) Investors, L.L.C.

FEIN 36-4345573

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Delaware

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 0

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 0

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

0

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

OO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

EGI-Fund (01) Investors, L.L.C.

FEIN 36-4423704

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Delaware

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 0

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 0

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

0

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

OO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

EGI-Managing Member (01), L.L.C.

FEIN 40-0002817

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Delaware

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 0

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 0

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

0

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

OO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

EGI-Fund (02-04) Investors, L.L.C.

FEIN 40-0002819

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Delaware

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 848

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 848

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

848

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

Less than 0.1% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

OO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

EGI-Managing Member (02-04), L.L.C.

FEIN 40-0002816

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Delaware

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 848

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 848

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

848

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

Less than 0.1% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

OO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

GAMI Investments, Inc.

FEIN 36-3992617

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Delaware

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 2,680

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 2,680

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

2,680

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

Less than 0.1% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

CO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

GVI Holdings, Inc.

FEIN 36-4081034

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Delaware

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 251,231

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 251,231

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

241,308

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

0.7% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

CO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

SZ Investments, L.L.C.

FEIN 36-4150443

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Delaware

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 4,851,702

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 4,851,702

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

4,851,702

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

14.2% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

OO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

CUSIP No. 00635P 10 7

SCHEDULE 13D/A

_____________________________________________________________________________

1.

Name of Reporting Persons.

 

 

I.R.S. Identification Nos. of above persons (entities only).

 

Chai Trust Company, L.L.C.

FEIN 36-4268733

_____________________________________________________________________________

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

 

(a) x

 

(b) [_]

_____________________________________________________________________________

3.

SEC Use Only

_____________________________________________________________________________

4.

Source of Funds (See Instructions)

WC

_____________________________________________________________________________

5.

Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_]

_____________________________________________________________________________

6.

Citizenship or Place of Organization

Illinois

_____________________________________________________________________________

 

NUMBER OF

7.

Sole Voting Power – 0

 

SHARES

 

BENEFICIALLY

8.

Shared Voting Power – 5,106,461

 

OWNED BY

 

EACH

9.

Sole Dispositive Power - 0

 

REPORTING

 

PERSON

10.

Shared Dispositive Power – 5,106,461

WITH

 

_____________________________________________________________________________

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

5,106,461

_____________________________________________________________________________

12.

Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) [_]

_____________________________________________________________________________

13.

Percent of Class Represented by Amount in Row (11)

 

14.9% (1)

_____________________________________________________________________________

14.

Type of Reporting Person (See Instructions)

OO

_____________________________________________________________________________

 

(1) Based on 34,264,601 shares of Common Stock, par value $0.01 per share, outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005.

 

 

 

 

CUSIP No. 025195207

SCHEDULE 13D/A

 

This Amendment No. 3 to Schedule 13D relates to the common stock, par value $0.01 per share ("Common Stock"), of Adams Respiratory Therapeutics, Inc., a Delaware corporation (the "Issuer"). Items 2, 3, 4, 5 and 6 of the Schedule 13D are hereby amended and restated in their entirety as set forth below. This Amendment No. 3 is being filed to reflect the distribution of shares of Common Stock of the Issuer by certain of the Reporting Persons (defined below) to each of their respective members on a pro rata basis, pursuant to a plan of partial liquidation, in accordance with the terms of their respective operating agreements, for no consideration.

 

ITEM 2.

Identity and Background.

 

(a-c)      This Statement is being filed by the following beneficial owners of Common Stock: GVI Holdings, Inc., a Delaware corporation ("GVI"); GAMI Investments, Inc., a Delaware corporation ("GAMI"); EGI-Fund (99) Investors, L.L.C., a Delaware limited liability company ("EGI-99"); EGI-Fund (00) Investors, L.L.C., a Delaware limited liability company ("EGI-00"); EGI-Fund (01) Investors, L.L.C., a Delaware limited liability company ("EGI-01"); EGI-Managing Member (01), L.L.C., a Delaware limited liability company ("MM-01"); EGI-Fund (02-04) Investors, L.L.C., a Delaware limited liability company ("EGI-02-04"); EGI-Managing Member (02-04), L.L.C., a Delaware limited liability company ("MM-02-04"); SZ Investments, L.L.C., a Delaware limited liability company ("SZI"); and Chai Trust Company, L.L.C., an Illinois limited liability company ("Chai Trust").

 

Collectively, GVI, GAMI, EGI-99, EGI-00, EGI-01, MM-01, EGI-02-04, MM-02-04, SZI and Chai Trust are sometimes referred to herein as the "Reporting Persons". Additionally, GVI, GAMI, SZI, EGI-99, EGI-00, EGI-01 and EGI-02-04 are sometimes referred to herein as the "Stockholders".

 

MM-01 is the managing member of EGI-01. MM-02-04 is the managing member of EGI-02-04. SZI is the managing member of EGI-99, EGI-00, MM-01 and MM-02-04. The executive officers of each of EGI-99, EGI-00, EGI-01, MM-01, EGI-02-04, MM-02-04 and SZI are as follows:

 

Samuel Zell

President; President and Chairman of Equity Group Investments, L.L.C. ("EGI")

Donald J. Liebentritt

Vice President; Senior Advisor to EGI

William C. Pate

Vice President; Managing Director of EGI

Philip Tinkler

Treasurer; CFO and Treasurer of EGI

 

SZI is indirectly owned by various trusts established for the benefit of Samuel Zell and his family (the "Trusts"). The trustee of each of the Trusts is Chai Trust. The officers and managing directors of Chai Trust are as follows:

 

Donald J. Liebentritt

President and a Managing Director of Chai Trust; Senior Advisor to EGI

Bert Cohen

Managing Director of Chai Trust. Mr. Cohen is also a semi-retired investor, whose residence is 5000-4A Estate Enighed, #65, St. John, VI 00830

Kellie Zell Harper

Managing Director of Chai Trust. Mrs. Zell also works as a homemaker.

Leah Zell Wanger

Managing Director of Chai Trust. Ms. Wagner is a private investor whose business address is 227 West Monroe Street, Chicago, Illinois 60603

JoAnn Zell Gillis

Managing Director of Chai Trust. Mrs. Zell Gillis is a physician

Matthew Zell

Managing Director of Chai Trust and an employee of EGI

 

 

 

 

 

 

Robert M. Levin

Senior Trust Officer and a Managing Director of Chai Trust. Mr. Levin is also a partner in the law firm Levin & Schreder Ltd., whose business address is 120 North LaSalle Street, Suite 3800, Chicago, Illinois 60602

James Bunegar

Vice President, Chief Financial Officer, Assistant Trust Officer and Treasurer of Chai Trust. Mr. Bunegar is also the Vice President - Taxes of EGI

 

All of the outstanding capital stock of GAMI is held by GVI. All of the outstanding capital stock of GAMI is held by Great American Management and Investment, Inc. ("Great American"). All of the outstanding capital stock of Great American is held by (i) the Trusts, the trustee of which is Chai Trust, and (ii) Samuel Zell Revocable Trust, the trustee of which is Samuel Zell.

 

The officers and directors of GAMI and GVI are as follows:

 

Bert Cohen

President, Director

Donald J. Liebentritt

Vice President; Director

David B. Lawrence

Vice President, Treasurer; Director

Philip Tinkler

Vice President, Assistant Treasurer

Kellie Zell Harper

Vice President

 

The business address of each Reporting Person, Samuel Zell, Donald Liebentritt, William Pate, Philip Tinkler, Kellie Zell Harper, JoAnn Zell Gillis, Matthew Zell, David Lawrence and James Bunegar is Two North Riverside Plaza, Chicago, Illinois 60606.

 

(d) and (e)           No Stockholder nor, to the best knowledge of the Stockholders, any Reporting Person, has during the last five years (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was, or is, subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws.

 

(f)

All of the executive officers and directors of each Reporting Person are United States citizens.

 

ITEM 3.

Source and Amount of Funds or Other Consideration.

 

EGI-Fund (99) Investors, L.L.C., a Delaware limited liability company ("EGI-99"), acquired shares of Series A Preferred Stock, par value $0.01 per share, of the Issuer (the "Series A") on May 26, 1999 in a privately negotiated transaction with the Issuer, which shares converted into 2,099,950 shares of Common Stock in connection with the initial public offering of the Issuer on July 20, 2005 (the "IPO").

 

EGI-Fund (00) Investors, L.L.C., a Delaware limited liability company ("EGI-00"), acquired shares of Series A on January 18, 2000 and October 3, 2000 in privately negotiated transactions with the Issuer, which shares converted into an aggregate 1,470,570 shares of Common Stock in connection with the IPO.

 

EGI-Fund (01) Investors, L.L.C., a Delaware limited liability company ("EGI-01"), acquired shares of Series A and shares of Series B Preferred Stock, par value $0.01 per share, of the Issuer (the "Series B") on April 30, 2001 and July 9, 2001 in privately negotiated transactions with the Issuer, which shares converted into an aggregate 432,895 shares of Common Stock in connection with the IPO.

 

 

 

 

EGI-Fund (02-04) Investors, L.L.C., a Delaware limited liability company ("EGI-02-04"), acquired shares of Common Stock and shares of Series C Preferred Stock, par value $0.01 per share, of the Issuer (the "Series C") on September 11, 2003 and June 30, 2004 in privately negotiated transactions with the Issuer, which shares converted into an aggregate 3,445,019 shares of Common Stock in connection with the IPO.

 

On July 9, 2001, EGI-00 entered into an Amended and Restated Registration Rights Agreement with the Issuer and certain other stockholders of the Issuer, as amended from time to time, pursuant to which EGI-99, EGI-00 and EGI-01 maintain certain registration rights granted by the Issuer, including, without limitation, "shelf" registration rights, a copy of which is attached hereto as Exhibit 1 and is incorporated herein by reference.

 

On May 19, 2003, EGI-02-04 entered into a Series C Preferred Stock Registration Rights Agreement with the Issuer and certain other stockholders of the Issuer, as amended from time to time, pursuant to which EGI-02-04 maintains certain registration rights granted by the Issuer, including, without limitation, "shelf" registration rights, a copy of which is attached hereto as Exhibit 2 and is incorporated herein by reference.

 

All funds used by EGI-99, EGI-00, EGI-01 and EGI-02-04 acquiring the Common Stock were obtained from the working capital of each person.

 

On December 14, 2005, each of EGI-99, EGI-00, EGI-01 and EGI-02-04 sold shares of Common Stock held by each such person at $43.75 per share in an underwritten, secondary public offering of shares of Common Stock made by the Issuer, as further described in that certain Prospectus dated December 8, 2005 and filed by the Issuer with the Securities and Exchange Commission (the "December 2005 Offering"). In connection with the December 2005 Offering, EGI-99 sold 483,642 shares of Common Stock for aggregate proceeds of $21,159,338; EGI-00 sold 338,689 shares of Common Stock for aggregate proceeds of $14,817,644; EGI-01 sold 99,701 shares of Common Stock for aggregate proceeds of $4,361,919; and EGI-02-04 sold 793,427 shares of Common Stock for aggregate proceeds of $34,712,431.

 

On December 22, 2005, each of EGI-99, EGI-00, EGI-01 and EGI-02-04 (the "Distributing Entities") made distributions of shares of Common Stock held by them, to each of their members on a pro rata basis, pursuant to a plan of partial liquidation of the Distributing Entities, in accordance with the terms of their respective operating agreements, for no consideration (the "First Distribution"), as follows:

 

 

EGI-99 distributed 1,536,087 shares of Common Stock

 

EGI-00 distributed 1,075,703 shares of Common Stock

 

EGI-01 distributed 316,657 shares of Common Stock

 

EGI-02-04 distributed 2,519,987 shares of Common Stock

 

On March 3, 2006, each of the Distributing Entities made additional distributions of shares of Common Stock held by them, to each of their members on a pro rata basis, pursuant to a plan of partial liquidation of the Distributing Entities, in accordance with the terms of their respective operating agreements, for no consideration (the "Second Distribution"), as follows:

 

 

EGI-99 distributed 80,221 shares of Common Stock

 

EGI-00 distributed 56,178 shares of Common Stock

 

EGI-01 distributed 16,537 shares of Common Stock

 

EGI-02-04 distributed 130,757 shares of Common Stock

 

 

 

 

As a result of the Second Distribution, SZI became the holder of 4,851,702 shares of Common Stock; GVI became the holder of 251,231 shares of Common Stock; and GAMI became the holder of 2,680 shares of Common Stock, with the remaining shares of Common Stock distributed being distributed to the other members of the Distributing Entities. After giving effect to the Second Distribution, EGI-99, EGI-00 and EGI-01 each held 0 shares of Common Stock, and EGI-02-04 held 848 shares of Common Stock.

 

The shares distributed in the First Distribution and the Second Distribution will continue to be subject to a 90-day lockup previously granted to the underwriters in connection with the December 2005 Offering.

 

ITEM 4.

Purpose of the Transaction.

 

The acquisition of Common Stock, both directly and through the conversion of Series A, Series B and Series C, has been effected for the purpose of investing in the Issuer

 

Each Stockholder intends to continue to review its investment in Common Stock and, from time to time depending upon certain factors, including without limitation the financial performance of the Issuer, the availability and price of shares of Common Stock and other general market and investment conditions, may determine to acquire through open market purchases or otherwise additional shares of Common Stock or may determine to sell through the open market or otherwise.

 

Except as stated above, none of the Reporting Persons has any plans or proposals of the types referred to in clauses (a) through (j) of Item 4 of Schedule 13D, as promulgated by the Securities and Exchange Commission.

 

ITEM 5.

Interest in Securities of the Issuer.

 

(a) and (b)         To the best knowledge of the Reporting Persons, there were 34,264,601 shares of Common Stock outstanding as of February 5, 2006, based upon information contained in the Issuer's Form 10-Q for the quarterly period ended December 31, 2005. As of March 3, 2006, after giving effect to the First Distribution and the Second Distribution, the aggregate 5,106,461 shares of Common Stock beneficially owned by the Reporting Persons represent approximately 14.9% of the Common Stock issued and outstanding. Such shares of Common Stock are held outright as follows:

 

 

848 shares of Common Stock held by EGI-02-04

 

2,680 shares of Common Stock held by GAMI

 

251,231 shares of Common Stock held by GVI

 

4,851,702 shares of Common Stock held by SZI

 

Beneficial ownership of such 5,106,461 shares of Common Stock is held as follows:

 

 

848 shares of Common Stock held by EGI-02-04

 

2,680 shares of Common Stock held by GAMI

 

251,231 shares of Common Stock held by GVI

 

4,851,702 shares of Common Stock held by SZI

 

5,106,461 shares of Common Stock beneficially owned by Chai

 

(c)           Except as set forth above, during the last 60 days, no transactions in the Common Stock were effected by any Reporting Person, or to the best knowledge of any Reporting Person, any of the persons set forth in Item 2.

 

 

 

 

(d)          No person other than a Stockholder has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of shares of Common Stock owned by such Stockholder.

 

(e)

Not applicable.

 

ITEM 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of Issuer.

 

Except for the matters described herein, no Reporting Person nor, to the best knowledge of any Reporting Person, any of the other persons listed in Item 2 hereto, has any contract, arrangement, understanding or relationship with any person with respect to any securities of the Issuer.

 

SIGNATURES

 

After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

DATED: March 3, 2006

 

SZ INVESTMENTS, L.L.C.

EGI-FUND (99) INVESTORS, L.L.C.

EGI-FUND (00) INVESTORS, L.L.C.

EGI-FUND (01) INVESTORS, L.L.C.

EGI-MANAGING MEMBER (01), L.L.C.

EGI-MANAGING MEMBER (02-04), L.L.C.

EGI-FUND (02-04) INVESTORS, L.L.C.

GVI HOLDINGS, INC.

GAMI INVESTMENTS, INC.

 

By: /s/ DONALD J. LIEBENTRITT

-------------------------------------

Name: Donald J. Liebentritt

Title: Vice President

 

CHAI TRUST COMPANY, L.L.C.

 

By: /s/ DONALD J. LIEBENTRITT

-------------------------------------

Name: Donald J. Liebentritt

Title: President

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)