-----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, SwdjR/T5grkmVc1+rxD8Y7R2nVdBEMdVkfLqjgMwGvC4DpogJIaqeWJ7PwsnrgVh ohudWtEXZG2orFf8/gVngA== 0000950137-99-001498.txt : 19990512 0000950137-99-001498.hdr.sgml : 19990512 ACCESSION NUMBER: 0000950137-99-001498 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990511 GROUP MEMBERS: SAMSTOCK, LLC. GROUP MEMBERS: SAMUEL ZELL GROUP MEMBERS: SZ2 (IGP) PARTNERSHIP GROUP MEMBERS: ZELL CHILMARK FUND L P SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JACOR COMMUNICATIONS INC CENTRAL INDEX KEY: 0000702808 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 310978313 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-34899 FILM NUMBER: 99616743 BUSINESS ADDRESS: STREET 1: 50 E RIVERCENTER BLVD STREET 2: 12TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41011 BUSINESS PHONE: 6066552267 MAIL ADDRESS: STREET 1: 50 EAST RIVERCENTER BLVD 12TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41011 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ZELL CHILMARK FUND L P CENTRAL INDEX KEY: 0000905301 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 363716608 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA STREET 2: 15TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129849711 MAIL ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA STREET 2: 15TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 SC 13D/A 1 SCHEDULE 13D AMENDMENT #5 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 5) (FINAL AMENDMENT) Jacor Communications, Inc. -------------------------- (Name of Issuer) Common Stock, par value $0.01 per share --------------------------------------- (Title of Class of Securities) 469858 41 0 ----------- (CUSIP Number) Alisa M. Singer Rosenberg & Liebentritt Two North Riverside Plaza, Suite 1600 Chicago, Illinois 60606 (312) 466-3196 --------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 4, 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(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ]. Page 1 of 10 Exhibit Index appears on page 9 2 SCHEDULE 13D CUSIP NO. 469858 41 0 PAGE 2 OF 10 PAGES --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ZELL/CHILMARK FUND, L.P. FEIN: 3716608 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 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 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 3 SCHEDULE 13D CUSIP NO. 469858 41 0 PAGE 3 OF 10 PAGES --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Samstock, L.L.C. FEIN: 36-4156890 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 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 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 4 SCHEDULE 13D CUSIP NO. 469858 41 0 PAGE 4 OF 10 PAGES --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SZ2 (IGP) Partnership FEIN: 3870923 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 5 SCHEDULE 13D CUSIP NO. 469858 41 0 PAGE 5 OF 10 PAGES --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Samuel Zell - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 6 This Amendment No. 5 (this "Amendment") amends and supplements the Schedule 13D dated April 23, 1993 (as previously amended, the "Schedule 13D") with respect to the common stock, $0.01 par value per share (the "Common Stock") of Jacor Communications, Inc. (the "Issuer"). Only those Items amended are reported herein. All capitalized terms used in this Amendment and not otherwise defined herein have the meanings ascribed to such terms in Amendment No. 4 to the Schedule 13D dated October 8, 1998 ("Amendment No. 4"). Item 2. Identity and Background. The information previously reported in Amendment No. 4 is hereby amended to reflect that (i) the partners of Alphabet Partners and ZFT Partnership are trusts created for the benefit of Samuel Zell and his family; and (ii) the trustee of the four trusts associated with ZFT Partnership and the three previously identified trusts associated with Alphabet Partners, is Chai Trust Company, L.L.C., an Illinois limited liability company ("Chai Trust"). The officers and directors of Chai Trust are as follows: Bert Cohen is a Director of Chai Trust. Mr. Cohen is also a semi-retired investor, whose residence is 181 North Carmelina Avenue, Los Angeles, California 90049. Kellie Zell Harper is a Director of Chai Trust and also works as a homemaker. Donald J. Liebentritt is a Vice President and Director of Chai Trust. Mr. Liebentritt is also the Chief Operating Officer, Executive Vice President and General Counsel of Equity Group Investments, L.L.C. ("Equity Group"). Sheli Z. Rosenberg is President, Chief Executive Officer and a Director of Chai Trust. Ms. Rosenberg is also President and Chief Executive Officer of Equity Group. Leah Zell Wanger is a Director of Chai Trust. Ms. Wanger also co-owns and co-manages Wanger Asset Management, the registered advisor for the Acorn Mutual Funds, whose business address is 227 West Monroe Street, Suite 300, Chicago, Illinois 60603. JoAnn Zell is a Director of Chai Trust. Ms. Zell is also a medical student. Matthew Zell is a Director of Chai Trust. Mr. Zell is also President of Prometheus Network Solutions, Inc., whose business address is Two North Riverside Plaza, Suite 1700, Chicago, Illinois 60606. Robert M. Levin is the Senior Trust Officer 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. John Zoeller is Vice President, Chief Financial Officer, Assistant Trust Officer and Treasurer of Chai Trust. Mr. Zoeller is also the Vice President-Taxes of Equity Group. The business address of Chai Trust and Kellie Zell Harper, Donald Liebentritt, JoAnn Zell and John Zoeller is Two North Riverside Plaza, Chicago, Illinois 60606. All of the officers and directors of Chai Trust are United States citizens. Page 6 of 10 7 Item 4. Purpose of Transaction. Item 4. is hereby amended as follows: On May 4, 1999 (the "Effective Date"), the Issuer merged with and into a wholly-owned subsidiary of Clear Channel Communications, Inc., a Texas corporation ("Clear Channel"). As part of this merger, each outstanding share of Common Stock, including each outstanding share of Common Stock beneficially owned by Zell/Chilmark, Samstock, SZ2 and Samuel Zell (the "Reporting Persons"), was converted into 1.1573151 shares of common stock, par value $0.10 per share, of Clear Channel (the "Clear Channel Common Stock"). Item 5. Interest in Securities of the Issuer. Item 5. is hereby amended as follows: (a), (b), (e) As a result of the Merger, the Issuer became a wholly-owned subsidiary of Clear Channel. Since each outstanding share of Common Stock was converted into 1.1573151 shares of Clear Channel Common Stock on the Effective Date, neither the Reporting Persons nor the persons listed in Appendix A to the Schedule 13D, beneficially own any shares of Common Stock of the Issuer. (c) In addition to the conversion of shares pursuant to the Merger as described above, the following are the only transactions in the Common Stock effected during the past 60 days by the Reporting Persons, or, to the best knowledge of the Reporting Persons, any of the persons listed in Appendix A to the Schedule 13D: On March 31, 1999, Samuel Zell purchased 1,842 shares of Common Stock under the Issuer's Non-Employee Director Stock Purchase Plan. The purchase price was $54.29 per share. On May 3, 1999, Samuel Zell exercised (i) an option to acquire 5,000 shares of Common Stock at an exercise price of $27.875 per share and (ii) a second option to acquire 5,000 shares of Common Stock at an exercise price of $60.66 per share. On the same date, Mr. Zell sold the 10,000 shares acquired upon exercise of these options at a price of $79.7283 per share. Also on May 3, 1999, Samuel Zell converted 2,176 stock units, issued to Mr. Zell by the Issuer in lieu of cash director fees, into 2,176 shares of Common Stock in a cashless exercise. Page 7 of 10 8 SIGNATURES After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certify that the information set forth in the statement is true, complete and correct. DATED: May 10, 1999 ZELL/CHILMARK FUND, L.P. By: ZC Limited Partnership, general partner By: ZC Partnership, general partner By: ZC, Inc., a partner By: /s/ Samuel Zell -------------------------------------------- Name: Samuel Zell Title: President SAMSTOCK, L.L.C. By: SZ Investments, L.L.C., its sole member By: Zell General Partnership, Inc., its -------------------------------------- managing member By: /s/ Samuel Zell -------------------------------------------- Name: Samuel Zell Title: President SZ2 (IGP) PARTNERSHIP By: /s/ Samuel Zell -------------------------------------------- Name: Samuel Zell Title: Partner /s/ Samuel Zell -------------------------------------------------- SAMUEL ZELL Page 8 of 10 9 EXHIBIT INDEX Exhibit Number Description -------------- ----------- 1 Restructuring Agreement (incorporated herein by reference to Appendix A of the Issuer's Proxy Statement-Prospectus dated December 1, 1992 included in its Registration Statement on Form S-4, file No. 33-53612). *** 2 Amended Agreement of Merger (incorporated herein by reference to Appendix B of the Issuer's Proxy Statement-Prospectus dated December 1, 1992 included in its Registration Statement on Form S-4, file No. 33-53612). *** 3 Agreement of Understanding (incorporated herein by reference to Appendix C of the Issuer's Proxy Statement-Prospectus dated December 1, 1992 included in its Registration Statement on Form S-4, file No. 33-53612). *** 4 Jacor Shareholders Agreement, dated February 12, 1996, between Citicasters and Zell/Chilmark. * 5 Stock Purchase Agreement (incorporated herein by reference to Exhibit 1.2 of the Issuer's Form 8-K dated as of May 15, 1997 and filed with the Commission on May 19, 1997). *** 6 Underwriting Agreement (incorporated herein by reference to Exhibit 1.1 of the Issuer's Form 8-K dated as of May 15, 1997 and filed with the Commission on May 19, 1997). 7 Letter of Direction, dated May 20, 1997, from Equity Group Investments, Inc. to the Issuer. ** 8 Lock-Up Agreement for Samuel Zell dated May 12, 1997. ** 9 Lock-Up Agreement for Zell/Chilmark Fund, L.P. dated May 12, 1997. ** 10 Joint Filing Agreement, dated May 16, 1997, among Zell/Chilmark, Samstock, SZ2 and Anda Partnership. ** 11 Agreement and Plan of Merger dated as of October 8, 1998 among the Issuer, Clear Channel and CCU Merger Sub, Inc. (incorporated herein by reference to Exhibit 2 of the Issuer's Current Report on Form 8-K dated October 9, 1998 and filed with the Commission October 9, 1998). *** 12 Form of Voting Agreement, dated as of October 8, 1998, between Clear Channel and each of Zell/Chilmark, Samstock, SZ2 and Samuel Zell. *** 13 Registration Rights Agreement, dated as of October 8, 1998, among Clear Channel, Zell/Chilmark, Samstock, SZ2 and Samuel Zell. *** 14 Amended and Restated Joint Filing Agreement, dated October 16, 1998, among Zell/Chilmark, Samstock, SZ2 Anda Partnership and Samuel Zell. *** Page 9 of 10 10 * Previously filed as Exhibit No. 1 to Amendment No. 2 to this Schedule 13D which was dated February 20, 1996. ** The indicated documents were previously filed as Exhibit Nos. 2 through 5, respectively, to Amendment No. 3 to this Schedule 13D which was dated May 28, 1997. *** Previously filed as exhibits to Amendment No. 4 to this Schedule 13D which was dated October 8, 1998. 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