-----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, RLngYuLPjtCtsaJ3waiPWhOXLbXN3ruUmvNjLw2YY8gYH4YG3sFdvQA39xWqdG4p qPWEudjF9T7nW3XV8+y26Q== 0000899140-98-000270.txt : 19980610 0000899140-98-000270.hdr.sgml : 19980610 ACCESSION NUMBER: 0000899140-98-000270 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980609 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VISTANA INC CENTRAL INDEX KEY: 0001029753 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 593415620 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-52141 FILM NUMBER: 98644752 BUSINESS ADDRESS: STREET 1: 8801 VISTANA CENTRE DRIVE CITY: ORLANDO STATE: FL ZIP: 32821 BUSINESS PHONE: 4072393100 MAIL ADDRESS: STREET 1: 8801 VISTANA CENTRE DRIVE CITY: ORLANDO STATE: FL ZIP: 32821 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WARBURG PINCUS ASSET MANAGEMENT INC CENTRAL INDEX KEY: 0000032835 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 013267350 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 466 LEXINGTON AVE 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125930300 MAIL ADDRESS: STREET 1: 466 LEXINGTON AVE CITY: NEW YORK STATE: NY ZIP: 10017-3147 FORMER COMPANY: FORMER CONFORMED NAME: WARBURG PINCUS COUNSELLORS INC DATE OF NAME CHANGE: 19920929 FORMER COMPANY: FORMER CONFORMED NAME: EMW COUNSELLORS INC DATE OF NAME CHANGE: 19600201 SC 13G/A 1 AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _____1_____)* Vistana Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 92839P10 (CUSIP Number) 05/31/98 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 4 Pages CUSIP No. 92839P10 13G Page 2 of 4 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg Pincus Asset Management, Inc. 13-2673503 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] Not applicable (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware 5 SOLE VOTING POWER 1,673,300 NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 484,400 OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 2,227,900 WITH 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,227,900 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.56% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA Item 1(a): Name of Issuer: Vistana Inc. Item 1(b): Address of Issuer's Principal Executive Offices: 8801 Vistana Centre Drive Orlando, FL 32821 Item 2(a) Name of Person Filing Warburg Pincus Asset Management, Inc. Item 2(b): Address of Principal Business Office: 466 Lexington Avenue, New York, New York 10017 Item 2(c): Citizenship: Delaware Item 2(d): Title of Class of Securities: Common Stock Item 2(e): CUSIP Number: 92839P10 Item 3: If the reporting person is an investment adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E), check this box. [X] Item 4: Ownership: (a) Amount beneficially owned: 2,227,900. (b) Percent of class: 10.56%. (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,673,300. (ii) Shared power to vote or to direct the vote 484,400. (iii) Sole power to dispose or to direct the dispostion of 2,227,900. (iv) Shared power to dispose or to direct the dispostion of 0. Item 5: Ownership of Five Percent or Less of a Class: Page 3 of 4 Pages Item 6: Ownership of More than Five Percent on Behalf of Another Person: Warburg Pincus Asset Management, Inc. ("WPAM") is an Investment Adviser registered with the United States Securities and Exchange Commission. WPAM serves as investment adviser to many accounts including various registered investment companies. The securities which are the subject of this report are owned by our accounts. A registered investment company may own more than 5% of the securities, however, no individual or institutional account does. In this report no registered investment company owned more than 5%. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: Not Applicable. Item 8: Identification and Classification of Members of the Group: Not Applicable. Item 9: Notice of Dissolution of Group: Not Applicable. Item 10: Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 6/4/98 By:/s/ Linda S. Iovan ------------------------ Name: Linda S. Iovan Title: Vice President Page 4 of 4 Pages -----END PRIVACY-ENHANCED MESSAGE-----