-----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, LXDqcmGl3kCPXvjNcoBBYwpVPSXT2uTasoIzJYv5AneY67KPQXn5416CWA7BwGRc 317pvPa93DvBhwQZpVAMwQ== 0000898822-96-000545.txt : 19961209 0000898822-96-000545.hdr.sgml : 19961209 ACCESSION NUMBER: 0000898822-96-000545 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961206 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OWEN HEALTHCARE INC CENTRAL INDEX KEY: 0000919242 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] IRS NUMBER: 751329577 STATE OF INCORPORATION: TX FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11745 FILM NUMBER: 96676950 BUSINESS ADDRESS: STREET 1: 9800 CENTRE PKWY STREET 2: STE 1100 CITY: HOUSTON STATE: TX ZIP: 77036-8279 BUSINESS PHONE: 7137778173 MAIL ADDRESS: STREET 1: 9800 CENTRE PARKWAY, SUITE 1100 STREET 2: 9800 CENTRE PARKWAY, SUITE 1100 CITY: HOUSTON STATE: TX ZIP: 77036 COMPANY DATA: COMPANY CONFORMED NAME: CARDINAL HEALTH INC CENTRAL INDEX KEY: 0000721371 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] OWNER IRS NUMBER: 310958666 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: 5555 GLENDON COURT CITY: DUBLIN STATE: OH ZIP: 43016 BUSINESS PHONE: 6147618700 MAIL ADDRESS: STREET 1: 655 METRO PLACE SOUTH STREET 2: SUITE 925 CITY: DUBLIN STATE: OH ZIP: 43017 FORMER COMPANY: FORMER CONFORMED NAME: CARDINAL DISTRIBUTION INC DATE OF NAME CHANGE: 19920703 3 1 FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 1. Name and Address of Reporting Person CARDINAL HEALTH, INC. (Last) (First) (Middle) 5555 GLENDON COURT (Street) DUBLIN, OHIO 43016 (City) (State) (Zip) 2. Date of Event Requiring Statement (Month/Day/Year) 11/27/96 3. IRS or Social Security Number of Reporting Person (Voluntary) 31-0958666 4. Issuer Name and Ticker or Trading Symbol OWEN HEALTHCARE, INC. (OWN) 5. Relationship of Reporting Person to Issuer (Check all applicable) / / Director /X/ 10% Owner / / Officer (give title below) / / Other (specify below) 6. If Amendment, Date of Original (Month/Day/Year) 7. Individual or Joint/Group Filing /X/ Form filed by one reporting person / / Form filed by more than one reporting person Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial (Instr. 4) Beneficially Owned Form: Direct Ownership (Instr. 5) (Instr. 4) (D) or Indirect (I) (Instr. 5) --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 5(b)(v). FORM 3 (Continued) Table II--Derivative Security Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative 2. Date Exer- 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Security (Instr. 4) cisable and Securities Underlying sion or ship Indirect Expiration Derivative Security Exercise Form of Beneficial Date (Instr. 4) Price of Deriv- Ownership (Month/Day/ Deri- ative (Instr. 5) Year) vative Security: Security Direct Date Expira- Title Amount (D) or Exer- tion or Indirect cisable Date Number (I) of (Instr. 5) Shares -------------------------------------------------------------------------------------------------------------- Options to purchase (1) (1) Common Stock 3,396,750 (1) D shares of Common Stock, without par value -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) Pursuant to the Stock Option Agreement, dated as of November 27, 1996 (the "Stock Option Agreement"), between Cardinal Health, Inc., an Ohio corporation ("Cardinal"), and Owen Healthcare, Inc., a Texas corporation ("Owen"), Owen granted Cardinal an irrevocable option (the "Option") to purchase from Owen, under certain circumstances and subject to certain adjustments, up to 3,396,750 authorized and unissued shares of Owen Common Stock, at a price per share (the "Purchase Price"), payable in cash, equal to the lower of (x) $27.25 or (y) the exchange ratio under the Agreement and Plan of Merger, dated as of November 27, 1996, among Cardinal, Owl Merger Corp., a Texas corporation and a wholly owned subsidiary of Cardinal ("Subcorp"), and Owen (the "Merger Agreement"), multiplied by the average of the closing prices of Cardinal Common Shares as reported on the New York Stock Exchange Composite Tape during the five consecutive trading days ending on (and including) the trading day immediately prior to the date of exercise. The Option is exercisable, in whole or in part, at any time or from time to time if a Purchase Event (as defined in the Stock Option Agreement) has occurred; provided, however, that to the extent the Option has not been exercised, it will terminate upon the earlier to occur of (i) the effective time of the Merger, (ii) 5:00 p.m. Houston time, on the date which is one year following the occurrence of a Purchase Event, (iii) termination of the Merger Agreement in accordance with its terms prior to the occurrence of a Purchase Event, and (iv) if the Option cannot be exercised before its date of termination as a result of any injunction, order or similar restraint issued by a court of competent jurisdiction, the Option will expire on the 30th business day after such injunction, order or restraint shall have been dissolved or when such injunc- tion, order or restraint shall have become permanent and no longer subject to appeal, as the case may be. As of the date hereof, the Option is not exercisable. /s/ George H. Bennett, Jr. Dec. 6, 1996 ** Signature of Reporting Date Person CARDINAL HEALTH, INC. By: George H. Bennett, Jr. Title: Executive Vice President, General Counsel and Secretary ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. -----END PRIVACY-ENHANCED MESSAGE-----