0001058217-01-500168.txt : 20011009
0001058217-01-500168.hdr.sgml : 20011009
ACCESSION NUMBER: 0001058217-01-500168
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011001
GROUP MEMBERS: PAR CAPITAL MANAGEMENT, INC.
GROUP MEMBERS: PAR GROUP, L.P.
GROUP MEMBERS: PAR INVESTMENT PARTNERS, L.P.
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: PACIFICARE HEALTH SYSTEMS INC
CENTRAL INDEX KEY: 0000766456
STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324]
IRS NUMBER: 330064895
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-37022
FILM NUMBER: 1749516
BUSINESS ADDRESS:
STREET 1: 5995 PLAZA DR
CITY: CYPRESS
STATE: CA
ZIP: 90630
BUSINESS PHONE: 7149521121
MAIL ADDRESS:
STREET 1: 5995 PLAZA DRIVE
CITY: CYPRESS
STATE: CA
ZIP: 90630
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: PAR CAPITAL MANAGEMENT INC
CENTRAL INDEX KEY: 0001051359
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 043153755
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: ONE FINANCIAL CENTER SUITE 1600
CITY: BOSTON
STATE: MA
ZIP: 02111
BUSINESS PHONE: 6175268990
MAIL ADDRESS:
STREET 1: ONE FINANCIAL CENTER SUITE 1600
CITY: BOSTON
STATE: MA
ZIP: 02111
SC 13G
1
pacificare13gpar20502.txt
SCHEDULE 13G
================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b) (c), and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. )1
PACIFICARE HEALTH SYSTEMS, INC.
--------------------------------------------------------------------------------
(Name of issuer)
COMMON STOCK
--------------------------------------------------------------------------------
(Title of class of securities)
695112102
--------------------------------------------------------------------------------
(CUSIP number)
September 21, 2001
--------------------------------------------------------------------------------
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
(Continued on the following pages)
(Page 1 of 8 Pages)
--------------------------------
(1) 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).
================================================================================
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 695112102 Page 2 of 8 Pages
------------------------------ ------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PAR Investment Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,789,800 COMMON STOCK
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH None
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,789,800 COMMON STOCK
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,789,800 COMMON STOCK
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3% COMMON STOCK
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 695112102 Page 3 of 8 Pages
------------------------------ ------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PAR Group, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,789,800 COMMON STOCK
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH None
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,789,800 COMMON STOCK
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,789,800 COMMON STOCK
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3% COMMON STOCK
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 695112102 Page 4 of 8 Pages
------------------------------ ------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PAR Capital Management, Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,789,800 COMMON STOCK
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH None
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,789,800 COMMON STOCK
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,789,800 COMMON STOCK
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3% COMMON STOCK
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
STATEMENT ON SCHEDULE 13G
ITEM 1(a). NAME OF ISSUER:
PACIFICARE HEALTH SYSTEMS, INC..
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3120 Lake Center Drive
Santa Ana, CA 92704
ITEM 2(a). NAMES OF PERSON FILING:
Par Investment Partners, L.P.
Par Group, L.P.
Par Capital Management, Inc.
ITEM 2(b). BUSINESS MAILING ADDRESS FOR THE PERSON FILING:
Par Capital Management, Inc.
One Financial Center, Suite 1600
Boston, MA 02111
ITEM 2(c). CITIZENSHIP:
State of Delaware
Item 2(d). Title of Class of Securities:
COMMON STOCK
Item 2(e). CUSIP Number:
695112102
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned: 1,789,800 COMMON STOCK
-------------------------------------------
(b) Percent of Class: 5.3% COMMON STOCK
----------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,789,800 COMMON STOCK
-----------------------
(ii) shared power to vote or to direct the vote: None
---------------------
(iii)sole power to dispose or to direct the disposition of: 1,789,800
COMMON STOCK
------------
(iv) shared power to dispose or to direct the disposition of: None
---------
Page 5 of 8
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
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 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.
Page 6 of 8
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:October 1, 2001
PAR INVESTMENT PARTNERS, L.P.
By: PAR GROUP, L.P.
its general partner
By: PAR CAPITAL MANAGEMENT, INC.
its general partner
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
PAR GROUP, L.P.
By: PAR CAPITAL MANAGEMENT, INC.,
its general partner
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
PAR CAPITAL MANAGEMENT, INC.
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
Page 7 of 8
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a statement on Schedule 13G (including amendments thereto) with respect
to the COMMON STOCK PACIFICARE HEALTH SYSTEMS, INC. and further agree that this
agreement be included as an exhibit to such filing. Each party to the agreement
expressly authorizes each other party to file on its behalf any and all
amendments to such statement. Each party to this agreement agrees that this
joint filing agreement may be signed in counterparts.
In evidence whereof, the undersigned have caused this Agreement to be
executed on their behalf this 1st day of October, 2001.
PAR INVESTMENT PARTNERS, L.P.
By: PAR GROUP, L.P.
its general partner
By: PAR CAPITAL MANAGEMENT, INC.
its general partner
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
PAR GROUP, L.P.
By: PAR CAPITAL MANAGEMENT, INC.,
its general partner
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
PAR CAPITAL MANAGEMENT, INC.
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
Page 8 of 8