-----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, LNnTf9w0MN+PGUPMEFyA+cBDsSJgFRMEvNZo9DgifOm/c+cZEvbXnlKxHTinhDav Yx4Hh99y+3CoVKdgJDxiHQ== 0000936392-99-000023.txt : 19990114 0000936392-99-000023.hdr.sgml : 19990114 ACCESSION NUMBER: 0000936392-99-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990113 ITEM INFORMATION: FILED AS OF DATE: 19990113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCIENCE APPLICATIONS INTERNATIONAL CORP CENTRAL INDEX KEY: 0000353394 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700] IRS NUMBER: 953630868 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-12771 FILM NUMBER: 99505628 BUSINESS ADDRESS: STREET 1: 10260 CAMPUS POINT DR STREET 2: LEGAL DEPT CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6195466000 MAIL ADDRESS: STREET 1: LEGAL DEPT STREET 2: 10260 CAMPUS POINT DR CITY: SAN DIEGO STATE: CA ZIP: 92121 8-K 1 FORM 8-K 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT: JANUARY 13, 1999 SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE (STATE OR OTHER JURISDICTION OF INCORPORATION) 0-12771 95-3630868 (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NO.) 10260 CAMPUS POINT DRIVE, SAN DIEGO, CA 92121 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) (619) 546-6000 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) ================================================================================ 2 FORM 8-K ITEM 5. OTHER EVENTS. (a) On January 8, 1999, the Board of Directors established the price of the Class A Common Stock of the Registrant at $69.82. Pursuant to the Registrant's Certificate of Incorporation, the price applicable to shares of Class B Common Stock of the Registrant is equal to five times the price of the Class A Common Stock. The price of the Class A Common Stock is established by the Board of Directors pursuant to a valuation process which includes a stock price formula. The following table sets forth information concerning the formula price for the Class A Common Stock, the applicable price for the Class B Common Stock and each of the variables contained in the formula, including the market factor, in effect for the periods beginning on the dates indicated. The Board of Directors sets the market factor at the value which causes the formula to yield the price which the Board of Directors believes reflects a fair market value.
"W" or Price Price "E" or "W(1)" or Weighted Per Share Per Share Market Stockholders Shares "P" or Avg. Shares of Class A of Class B Date Factor Equity(1) Outstanding(2) Earnings(3) Outstanding(4) Common Stock Common Stock ---- ------ ----------- -------------- ------------ -------------- ------------ ------------ October 10, 1997...... 3.20 583,211,000 54,369,492 70,701,000 53,229,203 $34.78 $173.90 January 9, 1998....... 3.60 663,811,000 55,148,817 71,804,000 53,993,996 $39.13 $195.65 April 10, 1998........ 3.90 754,778,000 57,511,742 84,794,000 54,889,045 $47.22 $236.10 July 10, 1998......... 3.90 889,231,000 60,638,881 101,956,000 55,934,116 $54.90 $274.50 October 9, 1998....... 3.70 935,179,000 61,495,949 119,728,000 57,423,808 $58.87 $294.35 January 8, 1999....... 3.80 980,390,000 61,786,525 147,609,000 58,843,368 $69.82 $349.10
- ---------- (1) "E" or Stockholders Equity = the stockholders' equity of the Registrant at the end of the fiscal quarter immediately preceding the date on which a price determination is to occur. (2) "W(1)" or Shares Outstanding = the number of outstanding common shares and common share equivalents at the end of that fiscal quarter. (3) "P" or Earnings = the earnings of the Registrant for the four fiscal quarters immediately preceding the price determination. (4) "W" or Weighted Average Shares Outstanding = the weighted average number of outstanding common shares and common share equivalents for the four fiscal quarters immediately preceding the price determination, as used by the Registrant in computing diluted earnings per share. (b) On January 4, 1999, Network Solutions, Inc. ("NSI"), a subsidiary of the Registrant, filed with the Securities and Exchange Commission a registration statement for a proposed secondary offering of 4,580,000 shares of NSI Class A Common Stock. Of the shares to be offered, Registrant intends to sell 4,500,000 shares and other selling stockholders of NSI intend to sell 80,000 shares. After this secondary offering is completed, Registrant will retain an approximate 45 percent economic ownership in NSI. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. (Registrant) SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Date: January 13, 1999 By /s/ Douglas E. Scott ------------------------------------- Douglas E. Scott Its: Senior Vice President and General Counsel
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