SC 13D/A 1 dsc13da.txt AMENDMENT NO.23 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 23) Morgan Stanley Group Inc. ------------------------- (Name of Issuer) Common Stock, $1.00 par value ----------------------------- (Title of Class of Securities) 617446 10 9 ------------ (CUSIP Number) Jonathan M. Clark, Esq. General Counsel and Secretary Morgan Stanley Group Inc. 1585 Broadway New York, NY 10036 (212) 761-4000 -------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 12, 1995 ------------------------------------------------------ (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 this statement: [ ] SCHEDULE 13D CUSIP NO. 617446109 --------- ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON Richard B. Fisher ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] ------------------------------------------------------------------------------ 3. SEC USE ONLY ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* OO ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E) [_] ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------------------------------------------------ 7. SOLE VOTING POWER NUMBER OF less than 1% SHARES ----------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 29,170,581 ----------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER REPORTING 2-3% PERSON ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER WITH ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 29,171,638 ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.6 ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------------------ SCHEDULE 13D CUSIP NO. 617446109 --------- ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON John J. Mack ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] ------------------------------------------------------------------------------ 3. SEC USE ONLY ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* OO ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E) [_] ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------------------------------------------------ 7. SOLE VOTING POWER NUMBER OF less than 1% SHARES ----------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 29,170,581 ----------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER REPORTING 1-2% PERSON ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER WITH ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 29,171,638 ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.6 ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------------------ SCHEDULE 13D CUSIP NO. 617446109 --------- ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON Barton M. Biggs ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [_] ------------------------------------------------------------------------------ 3. SEC USE ONLY ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* OO ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E) [_] ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------------------------------------------------ 7. SOLE VOTING POWER NUMBER OF less than 1% SHARES ----------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 29,170,581 ----------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER REPORTING 1-2% PERSON ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER WITH ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 29,171,638 ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.6 ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------------------ SCHEDULE 13D CUSIP NO. 617446109 --------- ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON Each of the persons described on Appendix A. ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (Applies to each person listed on Appendix A) (b) [_] ------------------------------------------------------------------------------ 3. SEC USE ONLY ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* 00 (Applies to each person listed on Appendix A.) ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] (Applies to each person listed on Appendix A) ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION As stated on Appendix A ------------------------------------------------------------------------------ 7. SOLE VOTING POWER NUMBER OF less than 1% (Applies to each person listed on Appendix A) SHARES ----------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 29,170,581 (Applies to each person listed on OWNED BY Appendix A) ----------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER REPORTING Less than 1% (Applies to each person listed on Appendix A) PERSON ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER WITH ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON As stated on Appendix A. ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* (Applies to each person listed on Appendix A) [_] ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) As stated on Appendix A. ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON IN (Applies to each person listed on Appendix A) ------------------------------------------------------------------------------
LINE 1 LINE 6 LINE 11 LINE 13 Aggregate Percent of Class Amount Represented By Beneficially Amount in NAME Citizenship Held Line 11 --------------------------------- ----------- ------------ ---------------- AARON, DEBRA M. USA 29,171,129 34.6% ABDEL-MEGUID, TAREK F. USA 29,171,250 34.6% ABE, MITSUHIRO Japan 29,170,581 34.6% ABOURACHED, CHARBEL E. USA 29,171,001 34.6% ABRAMOVITZ, DEBRA USA 29,171,014 34.6% ACKERMAN III, WARREN USA 29,170,581 34.6% ADAIR, BARRY L. USA 29,178,167 34.7% ADAMS, JOHN C. USA 29,170,985 34.6% ADAMS, NICHOLAS UK 29,170,581 34.6% AIRO, ROBERT USA 29,170,923 34.6% ALBERS, ALEXANDRIA USA 29,171,067 34.6% ALKIRE, JOHN R. USA 29,170,881 34.6% ALLEN, PETER G. USA 29,171,375 34.6% ALLEY, STEVEN J. USA 29,171,032 34.6% ALLWIN, JAMES M. USA 29,171,563 34.6% AMATO, DANIELLE D. USA 29,171,116 34.6% ANDA, JON A. USA 29,171,130 34.6% ANDERSON, STEPHEN P. USA 29,170,581 34.6% ANDRYC, PHILIP J. USA 29,171,401 34.6% ANFANG, RICHARD L. USA 29,170,998 34.6% ANGEVINE, ROBERT E. USA 29,171,176 34.6% ARMITAGE, MICHAEL R. UK 29,171,432 34.6% ARMSTRONG, R. MICHAEL USA 29,170,930 34.6% ASPREM, MADS MICHAEL Denmark 29,170,619 34.6% ATKINSON, RICHARD N. UK 29,171,511 34.6% ATKINS, CHARLES N. USA 29,170,862 34.6% ATKINS, WILLIAM JOHN UK 29,170,581 34.6% ATWELL, R. WAYNE USA 29,170,903 34.6% BAIRD, STEPHEN W. USA 29,171,602 34.6% BAKER, DAVID M. USA 29,170,867 34.6% BANDEEN, R. DEREK Canada 29,171,019 34.6% BARANCIK, GARY S. USA 29,170,959 34.6% BARBER, RICHARD T. USA 29,171,099 34.6% BARDEN, ROBERT A. USA 29,171,005 34.6% BARDWELL, TIMOTHY J. UK 29,171,280 34.6% BARKER, RODNEY J. UK 29,170,581 34.6% BARNETT, PHILLIP S. USA 29,170,930 34.6% BAROUDI, JACK J. USA 29,170,581 34.6% BARRETT, DAVID J. USA 29,170,975 34.6% BARRETT, TIMOTHY UK 29,170,581 34.6% BARTH-WEHRENALP, GERALD P. USA 29,171,059 34.6% BARTLETT, MICHAEL E. UK 29,170,581 34.6% BASES, EDWARD H. USA 29,170,907 34.6% BASIROV, OLGA A. UK 29,170,581 34.6% BAUER, DAVID S. USA 29,170,581 34.6% BAYER, JEROME W. USA 29,171,096 34.6% BEARDEN, DAVID A. USA 29,170,935 34.6% BECHTEL, KAREN H. USA 29,171,512 34.6% BEDELL, JAMES M. USA 29,170,841 34.6% BELL, JAMES J. USA 29,170,840 34.6% BENARDETE, STEVEN M. USA 29,172,696 34.6% BERCHTOLD, MICHAEL J. USA 29,170,959 34.6% BERGMAN, BARRY USA 29,170,981 34.6% BERGMAN, JEROME USA 29,171,019 34.6% BERLER, MATTHEW K. USA 29,170,581 34.6% BERNER III, ROBERT L. USA 29,170,981 34.6% BIANCO, FRANK USA 29,171,050 34.6% BILLINGS, MARK B. USA 29,170,938 34.6% BILOTTI JR, RICHARD A. USA 29,170,581 34.6% BILSBY, KEVIN A. UK 29,171,058 34.6% BIRDSALL, JOHN S. USA 29,171,015 34.6% BLACK MACKINNON, SUSAN L. USA 29,171,053 34.6% BLAIN, PAUL F. UK 29,174,539 34.6% BLAIR, DAVID H. USA 29,171,370 34.6% BLAIS, WILLIAM L. USA 29,171,319 34.6% BLUMSTEIN, MICHAEL W. USA 29,170,794 34.6% BLUM, JON E. USA 29,170,619 34.6% BODSON, MICHAEL C. USA 29,171,046 34.6% BOHL, THERESA J. USA 29,171,050 34.6% BOIARSKY, ROBERT USA 29,170,840 34.6% BOK, SCOTT L. USA 29,171,011 34.6% BONOFF, AMY L. USA 29,171,322 34.6% BOOTH, DAVID USA 29,170,581 34.6%
6 BOPP, WALTER S. USA 29,171,414 34.6% BOROSH, DAVID A. USA 29,170,722 34.6% BOSCO, ANTHONY B. USA 29,170,996 34.6% BOUCHER II, CHARLES L. USA 29,170,776 34.6% BOUTROS, GEORGE F. Lebanon 29,170,985 34.6% BOVICH, FRANCINE J. USA 29,170,655 34.6% BRADFORD, LESLIE EMBS USA 29,171,520 34.6% BRAKEBILL, SCOTT R. USA 29,171,130 34.6% BRENNAN, DONALD PATRICK USA 29,171,638 34.6% BRESLOW, STUART J.M. USA 29,171,063 34.6% BRICKMAN, KEITH D. USA 29,170,752 34.6% BRIERWOOD, DAVID C. UK 29,175,574 34.6% BRILLE, BRIAN J. USA 29,170,959 34.6% BROBERG, CHRISTIAN P. Denmark 29,170,581 34.6% BROCK, WILLIAM G. Canada 29,183,050 34.7% BROLLEY, KEVIN USA 29,170,861 34.6% BROOKE, PAUL A. USA 29,171,370 34.6% BROWNE, KEVIN J. USA 29,171,064 34.6% BROWN, ERNEST W. USA 29,170,608 34.6% BROWN, DOUGLAS L. USA 29,170,686 34.6% BROWN, JEFFRY P. USA 29,171,037 34.6% BROWN, KEITH UK 29,176,835 34.6% BROWN, RANDOLPH B. USA 29,170,581 34.6% BRUNDLER, ADOLF Switzerland 29,170,581 34.6% BRYANT, MALCOLM P. UK 29,171,712 34.6% BRYCE, COLIN UK 29,174,280 34.6% BUCK, LEE M. USA 29,173,895 34.6% BUECHTER, MARKUS Germany 29,170,581 34.6% BULCHANDANI, RAVI A. India 29,170,581 34.6% BUNCHE JR, RALPH J. USA 29,172,446 34.6% BURIAN, SANFORD F. USA 29,170,987 34.6% BURKE, LAUREN M. USA 29,170,617 34.6% BURNS, DENNIS J. USA 29,171,414 34.6% BUSCH, MAY C. USA 29,171,006 34.6% BYRD, CAREN USA 29,171,020 34.6% CALDECOTT, P. DOMINIC UK 29,177,269 34.6% CALLAHAN, DANIEL H. USA 29,170,595 34.6% CAPPUCCI, GUY T. USA 29,170,918 34.6% CAPUTO, A. MACDONALD USA 29,171,563 34.6% CARACAPPA, MARY USA 29,170,962 34.6% CAREY, JAMES P. USA 29,171,136 34.6% CARLETON, BRUCE T. USA 29,171,401 34.6% CARLIN, JANE D. USA 29,171,013 34.6% CARLTON, PAMELA G. USA 29,171,037 34.6% CARMICHAEL, TERENCE P. USA 29,171,071 34.6% CARR JR, LOUIS J. USA 29,171,563 34.6% CARRARA JR, MATTHEW A. USA 29,170,860 34.6% CARROLL JR, JESSE L. USA 29,176,835 34.6% CARROLL, DAVID C. USA 29,170,927 34.6% CARUSO, CHRISTOPHER J. USA 29,171,047 34.6% CASSEDY, MICHAEL J. USA 29,171,209 34.6% CASSOU, BEATRICE M. USA 29,170,959 34.6% CASTELLANO, RICHARD R. USA 29,171,112 34.6% CAWSEY, RICHARD Australia 29,170,581 34.6% CERTOSIMO, ARTHUR USA 29,170,581 34.6% CHAMBERLAIN, STEPHEN P. UK 29,174,197 34.6% CHAMMAH, WALID A. Lebanon 29,170,638 34.6% CHAN, OLIVER S. USA 29,170,872 34.6% CHAN, JOE M.F. Hong Kong 29,171,057 34.6% CHASIN, CHARLES USA 29,171,013 34.6% CHENEVIX-TRENCH, JONATHAN UK 29,171,844 34.6% CHENG, JAMES K.K. Malaysia 29,170,581 34.6% CHESTER III, JOHN E. USA 29,171,044 34.6% CHIARELLO, GUY USA 29,170,987 34.6% CHIN, EAN WAH Malaysia 29,170,581 34.6% CHURCHOUSE, FREDERICK P. New Zealand 29,170,581 34.6% CHUTTER, JESSICA C. USA 29,170,981 34.6% CITRINO, MARY ANNE USA 29,170,981 34.6% CLARK, JONATHAN M. USA 29,170,708 34.6% CLARK, MAYREE C. USA 29,171,370 34.6% CLARK, WILLIAM THOMAS USA 29,172,675 34.6% CLEMENTE LA BRUM, J. PAUL USA 29,171,688 34.6% CLEPHANE, THOMAS P. USA 29,171,255 34.6% CLIFFORD, KENNETH F. USA 29,171,007 34.6% COBBY, NIGEL UK 29,173,152 34.6% COHAN, TIMOTHY P. USA 29,171,298 34.6% COHEN, BRUCE L. USA 29,171,122 34.6% COHEN, DAVID L. USA 29,171,110 34.6% COHEN, LAWRENCE H. USA 29,170,994 34.6% COLBY-JONES, LISA R. USA 29,171,130 34.6% COLEMAN JR, JOHN C. USA 29,173,998 34.6%
7 COLEY II, JAMES C. USA 29,170,993 34.6% COLE, JAMES S. USA 29,171,193 34.6% COLOSIMO, LOUIS A. USA 29,170,680 34.6% COMFORT, STEPHANIE G. USA 29,170,646 34.6% CONNOR, MARY T. USA 29,170,961 34.6% COOPER, ADAM D. Canada 29,170,581 34.6% COOPER, ALASTAIR W.P. UK 29,171,006 34.6% COOPER, ANDREW C. USA 29,170,930 34.6% COOPER, SCOTT H. Canada 29,170,985 34.6% CORDNER, CARTER W. USA 29,171,041 34.6% CORDY, STEPHEN C. USA 29,170,999 34.6% CORKRAN, JO ANN USA 29,170,581 34.6% CORRADO, CHRISTOPHER F. USA 29,171,009 34.6% CORSI, STEFANO Italy 29,170,871 34.6% CORY, CHARLES R. USA 29,171,143 34.6% COX, CHRISTOPHER UK 29,171,245 34.6% COYNER, KEVIN B. USA 29,170,989 34.6% CRANDALL, TERRANCE M. USA 29,171,097 34.6% CREGAN, JOHN F. USA 29,171,209 34.6% CRESHAM, EILEEN F. USA 29,171,552 34.6% CRNKOVICH, PETER N. USA 29,171,706 34.6% CROFT, ROBERT G.E. UK 29,171,662 34.6% CROMPTON, JOHN D. UK 29,171,701 34.6% CROWDER, GARRY B. USA 29,171,066 34.6% CROWE, MICHAEL A. USA 29,171,199 34.6% CRUZ, ZOE Greece 29,171,370 34.6% CRYSTAL, BRUCE A. USA 29,171,053 34.6% CUMMINS, NEIL A. USA 29,176,507 34.6% CUNNINGHAM, MICHAEL JOHN UK 29,170,628 34.6% CUNNINGHAM, PETER USA 29,171,141 34.6% CURTIS, MICHAEL S. USA 29,170,951 34.6% CURTIS, PAUL D. USA 29,170,951 34.6% CZINSKY, MICHAEL J. USA 29,171,003 34.6% DAL LAGO, FRANK C. USA 29,170,999 34.6% D'ANGELO, PETER J. USA 29,171,225 34.6% DANIEL, PAUL R. UK 29,179,134 34.7% D'ANTONIO, STEPHEN H. USA 29,170,943 34.6% DAVIDSON III, NORTON A. USA 29,177,898 34.6% DAVIDSON III, JOHN P. USA 29,170,581 34.6% DAVIDSON, JOHN H. USA 29,171,408 34.6% DAVIS JR, JOSEPH F. USA 29,171,153 34.6% DAVIS, BARRY USA 29,171,241 34.6% DAWSON, KENNETH E. UK 29,173,851 34.6% DAY, JACQUELINE A. UK 29,171,128 34.6% DE CHAZAL, GUY L. USA 29,171,949 34.6% DE COTIS, DEBORAH A. USA 29,171,401 34.6% DE MONTFORT, PIERS UK 29,175,188 34.6% DE REGT, KENNETH M. USA 29,171,512 34.6% DE SAINT-AIGNAN, PATRICK USA 29,171,512 34.6% DE WAZIERS, MARTIN France 29,171,041 34.6% DEAN, GORDON G. USA 29,170,985 34.6% DEAN, ANGELA H. UK 29,170,730 34.6% DEE, MICHAEL E. USA 29,171,023 34.6% DELECROIX, MICHEL UK 29,171,043 34.6% DELONG, THOMAS J. USA 29,170,634 34.6% DEMEURE, THOMAS Belgium 29,170,581 34.6% DERBES, RICHARD A. USA 29,198,738 34.7% DESALVO, MATTHEW S. USA 29,171,946 34.6% DESMARAIS, REJEAN Canada 29,170,581 34.6% DEY, PETER Canada 29,170,581 34.6% DHAR, MADHAV India 29,171,705 34.6% DIAZ-PEREZ, EDUARDO USA 29,170,932 34.6% DICKMAN, MICHAEL J. USA 29,170,930 34.6% DIDIER, NICHOLAS V. Luxembourg 29,170,958 34.6% DINGER, JEFFREY E. USA 29,170,986 34.6% DIXON, ROBERT D. USA 29,170,840 34.6% DOHA, NASEER Bangladesh 29,170,581 34.6% DONOGHUE, MICHAEL J. USA 29,170,956 34.6% DONOVAN, PETER J. USA 29,170,785 34.6% DORAN JR, WILLIAM M. USA 29,171,370 34.6% DORFMAN, JONATHAN L. USA 29,170,960 34.6% DOSHI, MIHIR J. India 29,170,934 34.6% DUFF, PHILIP N. USA 29,171,112 34.6% DUNO, ALPHONSUS J. USA 29,171,013 34.6% DYAL, GORDON E. USA 29,170,831 34.6% EDWARDS, JEFFREY G. USA 29,170,804 34.6% ELLMAN, MARK A. USA 29,170,581 34.6% ENGLISH JR, FRANK E. USA 29,171,209 34.6% EPSTEIN, STUART J. USA 29,170,879 34.6% ESAKI, HOWARD Y. USA 29,170,659 34.6% ESSIG, KARL P. USA 29,172,683 34.6%
8 ESTES, SUSAN M. USA 29,171,041 34.6% EVANS, R. BRADFORD USA 29,171,626 34.6% EWELL, C. DANIEL USA 29,170,959 34.6% FAGEN, ROBERT A. USA 29,170,581 34.6% FALCO, DOMINICK F. USA 29,170,824 34.6% FANG, KEVIN S. USA 29,170,908 34.6% FANLO, IGNACIO J. USA 29,170,617 34.6% FAN, LINDA C. USA 29,170,994 34.6% FAWCETT, AMELIA C. USA 29,171,033 34.6% FEDERICO, GIACOMO USA 29,170,593 34.6% FEELEY, MARK J. USA 29,170,977 34.6% FEIGELES, EDWARD M. USA 29,170,891 34.6% FELDMANN, JOEL P. USA 29,170,581 34.6% FELDMAN, KIRSTEN J. Canada 29,171,299 34.6% FELIX, RICHARD B. USA 29,171,566 34.6% FELT, RONALD G. USA 29,170,971 34.6% FERNANDEZ, HENRY A. USA 29,170,581 34.6% FEUERMAN, KURT A. USA 29,171,050 34.6% FIEDOREK, BRUCE D. USA 29,173,663 34.6% FINNEGAN, DANIEL M. USA 29,170,840 34.6% FINNICAN, PETER M. USA 29,170,977 34.6% FISHER IV, GEORGE ROSS USA 29,171,970 34.6% FITZPATRICK, STEVEN B. USA 29,170,930 34.6% FLANNERY, HUGH J. USA 29,170,859 34.6% FLEISCHER, SPENCER C. USA 29,174,790 34.6% FLOOD JR, EUGENE USA 29,171,071 34.6% FLYNN, THOMAS J. USA 29,171,034 34.6% FOLAND, STEVEN R. USA 29,170,581 34.6% FOLEY, JOSEPH G. USA 29,170,770 34.6% FOSTER, CEDRIC G. USA 29,171,488 34.6% FOX, NIGEL UK 29,171,075 34.6% FRALICK, JAMES S. USA 29,172,897 34.6% FRANCESCOTTI, MARIO UK 29,187,121 34.7% FRANCOIS-PONCET, ANDRE France 29,170,581 34.6% FRANK, ALEXANDER C. USA 29,170,954 34.6% FREEMAN, IVAN K. USA 29,171,011 34.6% FRIEDMAN, CATHERINE J. USA 29,170,985 34.6% FRIEDMAN, PHILIP W. USA 29,170,968 34.6% FRIED, PETER C. USA 29,170,983 34.6% FRIEND, WARREN H. USA 29,170,958 34.6% FROST, RONALD X. USA 29,171,042 34.6% FUNG, E. MICHAEL Hong Kong 29,170,581 34.6% FUTAKI, AKIFUMI Japan 29,170,581 34.6% GALE, ANDREW UK 29,171,032 34.6% GALGANO, V. JAMES USA 29,171,039 34.6% GALPER, MIRON USA 29,171,036 34.6% GANTSOUDES, JAMES G. USA 29,170,581 34.6% GARBER, VICTOR S. USA 29,171,171 34.6% GARONZIK, NEAL USA 29,207,048 34.7% GARTIN, CLINTON G. USA 29,172,704 34.6% GARTLAND, ROBERT F. USA 29,171,512 34.6% GAULT, BERNARD France 29,170,581 34.6% GENOVA, LISA A. USA 29,170,956 34.6% GEORGE, PATRICK ROBERT France 29,170,666 34.6% GEORGE, TIMOTHY M. USA 29,171,414 34.6% GHAFFARI, PAUL B. USA 29,170,689 34.6% GIORGIO, MICHAEL C. USA 29,171,152 34.6% GIRSKY, STEPHEN J. USA 29,170,581 34.6% GLASCOTT, JAMES D. USA 29,170,899 34.6% GLASER, WILLIAM A. USA 29,170,709 34.6% GLAS, MICHEL T. France 29,170,612 34.6% GOLDBERG, ALAN E. USA 29,171,414 34.6% GOLDSMITH, RICHARD A. USA 29,171,010 34.6% GOLDSTEIN, CAROL S. USA 29,170,946 34.6% GOLDSTEIN, ROSS H. USA 29,170,999 34.6% GORDON, DAVID J. USA 29,170,581 34.6% GORDON, MARC W. USA 29,171,080 34.6% GORDON-BROWN, PAUL D. UK 29,170,699 34.6% GORT, MICHAEL A. USA 29,171,007 34.6% GOULD III, RICHARD G. USA 29,181,167 34.7% GRAHAM, JAMES R. Ireland 29,171,782 34.6% GRAY, STEPHEN E. UK 29,171,091 34.6% GRAY, GORDON S. USA 29,171,512 34.6% GREENBERG, EDWARD M. USA 29,170,581 34.6% GREENSHIELDS, SIMON UK 29,171,145 34.6% GREENWALD, JAMIE USA 29,170,581 34.6% GREMONT, ARNAUD JEAN-MARIE France 29,170,581 34.6% GRISHAM, JAMES WAYNE USA 29,171,032 34.6% GROHSKOPF JR, ROBERT H. USA 29,170,943 34.6% GRONQUIST, CATHERINE D. USA 29,171,632 34.6% GROS, FRANCISCO R.A. Brazil 29,170,581 34.6%
9 GRUPPO, DAVID M. USA 29,170,581 34.6% GRZECZKA, KEITH L. USA 29,170,961 34.6% GULLEY, MARK R. USA 29,171,017 34.6% GUTHEIM, PAUL G. USA 29,171,059 34.6% GYE, DAVID H. UK 29,170,581 34.6% HADDAD, MICHAEL D. USA 29,170,915 34.6% HAFFNER, LYNN CARLOS USA 29,171,869 34.6% HAGER, FRANCIS J. USA 29,170,981 34.6% HALL II, PERRY E. USA 29,172,942 34.6% HALL, C. BARROWS USA 29,171,370 34.6% HAMILTON, PETER F. USA 29,171,037 34.6% HANEY, WILLIAM C. USA 29,171,610 34.6% HANTHO, MARK A. Canada 29,170,609 34.6% HAPPEL, MICHAEL A. USA 29,170,930 34.6% HARA, FUSAO Japan 29,170,581 34.6% HARDING, WILLIAM J. USA 29,170,581 34.6% HARDY, MICHAEL W. USA 29,170,955 34.6% HARLAND, CHRISTOPHER M. USA 29,171,075 34.6% HARMAN, WILLIAM R. USA 29,171,251 34.6% HARPE, MICHAEL G. Canada 29,170,981 34.6% HARRINGTON, ANNA R. USA 29,170,652 34.6% HARRISON, MARK E. UK 29,171,626 34.6% HASSEN, THOMAS E. USA 29,171,370 34.6% HAVENS, JOHN P. USA 29,171,370 34.6% HAYASHI, KAZUSHI Japan 29,170,581 34.6% HAYES, MICHAEL A. UK 29,170,986 34.6% HAYES, DAVID L. USA 29,170,840 34.6% HAYTHE, DAVID O. USA 29,174,592 34.6% HAY, MARIANNE LAING UK 29,170,581 34.6% HEANEY, MICHAEL C. USA 29,170,919 34.6% HEATH, STEPHEN M. UK 29,172,740 34.6% HEGGLIN, DANIEL R. Switzerland 29,175,295 34.6% HEMEL, ERIC I. USA 29,170,751 34.6% HENDEL, STUART J. USA 29,170,888 34.6% HENDRY, DANIELE N. Switzerland 29,170,581 34.6% HEPBURN, JOHN K. Canada 29,183,895 34.7% HEPP, STEFAN Germany 29,170,581 34.6% HERSHY, ROBERT J. USA 29,170,908 34.6% HERSKOVITZ, MICHAEL D. USA 29,170,581 34.6% HEYES, RICHARD C. UK 29,170,581 34.6% HIGGINS, MICHAEL J. USA 29,170,952 34.6% HIGGINS, WILLIAM X. USA 29,171,180 34.6% HILL II, JOSEPH W. USA 29,171,266 34.6% HILZENRATH, EUGENE B. USA 29,171,018 34.6% HINTZ, CHARLES B. USA 29,171,226 34.6% HIRSCH, STEVEN E. USA 29,171,046 34.6% HOCH, JAMES S. USA 29,170,985 34.6% HOCH, KENNETH C. USA 29,171,036 34.6% HOFFMAN, MICHAEL C. USA 29,170,980 34.6% HOLLIHAN III, JOHN P. USA 29,171,209 34.6% HOLZSCHUH, JEFFREY R. USA 29,171,101 34.6% HONG, JUN K. USA 29,170,657 34.6% HSIEH, JACKSON USA 29,170,581 34.6% HULLAR, JOHN P. USA 29,171,245 34.6% HUMPHERY, MARYE L. UK 29,170,581 34.6% HUNEKE III, JOHN H. USA 29,171,123 34.6% HUNTLEY, KRISTEN S. USA 29,170,959 34.6% IMANISHI, JUN Japan 29,170,581 34.6% IMRIE, BRIAN C. Canada 29,170,581 34.6% IP, HONSUM Hong Kong 29,170,581 34.6% IRISH, JOHN S. USA 29,170,874 34.6% ISASI, LUIS Spain 29,171,587 34.6% IVES, BRUCE S. USA 29,171,146 34.6% JACOBS, DAVID A. USA 29,170,642 34.6% JAMES, GEORGE MICHAEL USA 29,178,663 34.7% JANER, RAGNAR L. USA 29,170,611 34.6% JANSON, MICHAEL M. USA 29,172,343 34.6% JOHANSSON, JERKER M. Sweden 29,170,905 34.6% JOHNSON, MARGARET KINSLEY USA 29,170,885 34.6% JOHNSON, DAVID USA 29,174,016 34.6% JOHNSON, R. SHELDON USA 29,171,414 34.6% JOHNSON, NICHOLAS G. UK 29,170,581 34.6% JONES, ALAN K. USA 29,170,606 34.6% JONES, DONALD J. USA 29,171,002 34.6% JONES, MARGARET K. USA 29,170,945 34.6% JONES, ROBERT W. USA 29,173,012 34.6% JOUHAR, KELVIN JAN UK 29,170,581 34.6% JOYCE JR, RICHARD E. USA 29,170,969 34.6% JUTERBOCK, THOMAS M. USA 29,171,670 34.6% KAGEYAMA, TOSHIJI Japan 29,170,617 34.6% KAITO, MASAO Japan 29,170,581 34.6%
10 KAMEN, ERIC M. USA 29,171,149 34.6% KAMINS, HAROLD W. USA 29,170,876 34.6% KANAMITSU, YASUO Japan 29,170,581 34.6% KANI, TAKEO Japan 29,170,581 34.6% KARCHES, PETER F. USA 29,171,638 34.6% KARY, MARK R. UK 29,170,581 34.6% KASANOFF, KATHRYN JONAS USA 29,170,952 34.6% KASSIN, PHILIP USA 29,171,110 34.6% KATSIHTIS, PAUL E. USA 29,170,874 34.6% KAUFFMAN, RICHARD L. USA 29,170,670 34.6% KEANE, MICHAEL DAVID UK 29,170,581 34.6% KELLEHER, COLM THOMAS UK 29,171,015 34.6% KELLEY, SCOTT M. USA 29,170,959 34.6% KELLEY, SEAN P. USA 29,170,581 34.6% KELLY, GEORGE J. USA 29,171,114 34.6% KELLY, TIMOTHY D. USA 29,171,018 34.6% KENT, DAVID S. Australia 29,170,581 34.6% KENT, RONALD S. UK 29,172,783 34.6% KHADJAVI, LAYA Iran 29,170,934 34.6% KIDWELL, JEFFREY S. USA 29,171,014 34.6% KIHLE, DAG Norway 29,172,767 34.6% KIMAK, MARK M. USA 29,171,059 34.6% KIMBALL, PAUL G. USA 29,171,512 34.6% KIMEDA, TOSHIO Japan 29,170,598 34.6% KINDRED, JONATHAN B. USA 29,171,011 34.6% KINGSTON III, DOUGLAS P. USA 29,170,957 34.6% KINKEAD, BRIAN M. USA 29,170,984 34.6% KIRKLAND, DEREK G. USA 29,171,011 34.6% KISHIMOTO, SATOSHI Japan 29,170,940 34.6% KITTS, ROBERT W. USA 29,170,581 34.6% KNEISEL, WILLIAM J. USA 29,175,246 34.6% KOEDERITZ, CANDICE E. USA 29,171,430 34.6% KOENEN, AUSTIN V. USA 29,171,325 34.6% KOERLING, HEINRICH Germany 29,177,009 34.6% KOHNHORST, ADOLF Netherlands 29,170,581 34.6% KOLLAR, JOHN S. USA 29,170,693 34.6% KOON, MAY USA 29,170,581 34.6% KOPPENOL, ROBERT G. USA 29,170,958 34.6% KOURAKOS JR, WILLIAM USA 29,171,049 34.6% KRAMMER, MARLENE G. USA 29,171,027 34.6% KRAUSE, PETER C. USA 29,173,580 34.6% KREITLER JR, CARL J. USA 29,170,892 34.6% KRESSNER, J. THOMAS Sweden 29,173,201 34.6% KROM III, FREDERICK B. USA 29,171,241 34.6% KRONENBERG, ANNE C. USA 29,170,956 34.6% KUPFERBERG, BARRY D. USA 29,170,930 34.6% KURTZ, PATRICIA A. USA 29,171,064 34.6% KUSHMA, DEBRA A.F. USA 29,170,778 34.6% LA ROCHE, ELAINE USA 29,171,512 34.6% LADD, SUSAN C. USA 29,170,991 34.6% LAFAMAN, JAMES T. USA 29,170,944 34.6% LAL, NAINA India 29,170,581 34.6% LAMOUNTAIN, JON USA 29,171,055 34.6% LANCKSWEERT, DOMINIQUE Belgium 29,171,473 34.6% LANDERS JR, JOHN Q. USA 29,170,885 34.6% LANDI, ANTHONY J. USA 29,171,563 34.6% LANDMAN, DAVID USA 29,171,030 34.6% LANDRY, CHRISTINA M. USA 29,171,658 34.6% LANDRY, BRENDA LEE USA 29,173,218 34.6% LANGSAM, JOSEPH A. USA 29,171,157 34.6% LAP, MICHIEL P. Netherlands 29,171,064 34.6% LARKINS, GARY T. USA 29,171,116 34.6% LARSON, ERIC J. USA 29,170,764 34.6% LASHENDOCK, MICHAEL J. USA 29,170,996 34.6% LATAINER, GARY D. USA 29,171,256 34.6% LATIF, NADIR S. UK 29,170,581 34.6% LAXMI, JOHN S. USA 29,171,341 34.6% LAYNG, JOHN G. USA 29,171,053 34.6% LEACH, BRIAN USA 29,171,028 34.6% LEBLANC, PAUL L. USA 29,171,015 34.6% LEBOWITZ, MICHAEL USA 29,171,007 34.6% LEFKOWITZ, ROBERT M. USA 29,170,581 34.6% LEIMER, WILLI KURT Austria 29,170,581 34.6% LEITCH, DONALD S. USA 29,170,981 34.6% LENOWITZ, SCOTT J. USA 29,170,581 34.6% LEVINE, JOSHUA S. USA 29,171,069 34.6% LEVIN, DEBRA J. USA 29,170,755 34.6% LEVY, THOMAS A. USA 29,170,859 34.6% LEWIS JR, WILLIAM M. USA 29,171,370 34.6% LEWIS, RICHARD GRAHAM UK 29,170,581 34.6% LIANG. JAMES L. USA 29,170,659 34.6%
11 LIM, CHIN Y. Malaysia 29,170,814 34.6% LIM, EDWIN R. Philippines 29,170,581 34.6% LINDSAY, IAN E. UK 29,170,771 34.6% LIPPMANN, MARIANNE J. USA 29,171,062 34.6% LIPTON, STEPHEN C. UK 29,171,187 34.6% LITTLE, JAMES W. USA 29,170,846 34.6% LIU, JIALIN China 29,170,684 34.6% LIU, ANDREW Y.S. UK 29,171,370 34.6% LIU, THEODORE EM-PO USA 29,170,618 34.6% LLOYD, ELAINE C. USA 29,171,112 34.6% LOARIE, ROBERT J. USA 29,170,745 34.6% LOCOSA, LAURA E. USA 29,170,940 34.6% LORENTZEN, KENT R. USA 29,172,156 34.6% LOURIE, JONATHAN H. USA 29,170,868 34.6% LUCAYA, JORGE Spain 29,170,647 34.6% LUMPKINS, DAVID B. D. USA 29,170,581 34.6% LUND, DAVID USA 29,171,041 34.6% LUTZ, MERRITT M. USA 29,170,581 34.6% LYCHE, EINAR OLOF Norway 29,170,581 34.6% LYCHE, IVER USA 29,171,006 34.6% LYLES JR, RAY V. USA 29,171,196 34.6% LYNCH, ELIZABETH W. USA 29,170,907 34.6% MACCHIAVERNA, GLENN J. USA 29,170,849 34.6% MACDONALD, GAVIN L. UK 29,170,581 34.6% MACKIN, JOHN J. USA 29,171,097 34.6% MAGEE, STEVEN G. USA 29,171,012 34.6% MAGUIRE, J. ROBERT USA 29,171,030 34.6% MAHONEY, JAMES P. USA 29,171,229 34.6% MAHON, JAMES J. USA 29,171,914 34.6% MAINEY, RICHARD E. USA 29,170,581 34.6% MAIT, MICHELE M. USA 29,171,746 34.6% MALONE, CHRISTIAN B. USA 29,171,007 34.6% MAMDANI, MAHMOUD A. USA 29,170,985 34.6% MANGINO, GARY J. USA 29,171,004 34.6% MANGI, JOSEPH A. USA 29,171,075 34.6% MANSON, CHRISTOPHER J.J. USA 29,170,632 34.6% MARATOS, JASON G. Greece 29,170,581 34.6% MARKS, KENNETH R. USA 29,171,362 34.6% MARKWALTER JR, JOHN S. USA 29,170,900 34.6% MARTIN, M. PAUL USA 29,170,581 34.6% MARTINEZ, LOURDES LINDEN USA 29,171,253 34.6% MASSEY, STEWART R. USA 29,171,028 34.6% MASSOT, SYLVAIN P. France 29,170,889 34.6% MASUCCI, FERDINAND D. USA 29,171,144 34.6% MATTNER, GREGG USA 29,170,581 34.6% MAUDE, FRANCIS ANTHONY UK 29,170,581 34.6% MAXWELL, PHILIP MOULTON Australia 29,170,581 34.6% MAYERS, LAURIE N. USA 29,171,061 34.6% MAYER, KIMBALL P. USA 29,170,959 34.6% MAYNARD JR, WALTER USA 29,171,160 34.6% MAYOROS, ALAN E. USA 29,170,969 34.6% MAZZILLI, PAUL J. USA 29,173,197 34.6% MAZZUCCHELLI, MARCO G. Italy 29,170,581 34.6% MCARTHUR, JAMES New Zealand 29,170,581 34.6% MCCARTHY, ANTHONY P. USA 29,171,146 34.6% MCCOMBE, WILLIAM D. Australia 29,171,036 34.6% MCCONNELL, JOSEPH M. USA 29,172,008 34.6% MCDONNELL, GAIL P. USA 29,170,628 34.6% MCDONOUGH, PATRICK J. USA 29,170,959 34.6% MCGEEHAN, JOHN D. USA 29,171,008 34.6% MCGUINNESS, NANCY A. USA 29,170,686 34.6% MCILROY, WILLIAM USA 29,170,864 34.6% MCLAUGHLIN, GREGORY USA 29,171,512 34.6% MCMAHON, WILLIAM C. USA 29,172,092 34.6% MCMANUS, THOMAS M. USA 29,170,762 34.6% MEEKER, MARY G. USA 29,170,779 34.6% MERRITT, PETER G. USA 29,170,890 34.6% MERSON, VLADIMIR USA 29,171,019 34.6% METZLER, ROBERT A. USA 29,171,563 34.6% MEYER, JOSEPH F. USA 29,171,009 34.6% MEYER, ROBERT L. USA 29,170,847 34.6% MEYER, BRUCE A. USA 29,172,435 34.6% MIAO, EUGENE A. USA 29,170,959 34.6% MICHNOWICH, SALVATORE E. USA 29,171,571 34.6% MICIONI, PETER J. USA 29,170,886 34.6% MILLER, FREDERIC A. USA 29,170,939 34.6% MILLER, PAUL S. USA 29,171,093 34.6% MILUNOVICH, STEVEN M. USA 29,170,775 34.6% MIN, EUOO SUNG Korea 29,170,581 34.6% MINTON, PETER A. USA 29,170,786 34.6% MINTZ, DANIEL R. USA 29,170,930 34.6%
12 MISSETT, BRUCE M. USA 29,170,977 34.6% MIZEN, GREG E. USA 29,171,005 34.6% MOELLER, SCOTT D. USA 29,171,097 34.6% MOLE, MARIE L. USA 29,170,960 34.6% MOLLOY, WILLIAM S. USA 29,171,370 34.6% MOONIER, JAMES F. USA 29,170,968 34.6% MOORE JR, DONALD A. USA 29,171,512 34.6% MOORE,DUNCAN CHARLES MCNAUGHT UK 29,170,844 34.6% MORAN, JOHN G. USA 29,171,225 34.6% MORE, DANIEL B. USA 29,170,589 34.6% MORGAN, DAVID H. UK 29,171,333 34.6% MORPHETT, JONATHAN G. USA 29,171,185 34.6% MORTIMER, PATRICK J. USA 29,170,933 34.6% MOSCATI, LEONARD F. USA 29,171,037 34.6% MOURRE, MARC France 29,171,391 34.6% MOZER, FRANCINE L. USA 29,171,036 34.6% MUELLER III, JOHN M. USA 29,170,876 34.6% MULLANEY, BRIAN V. USA 29,170,951 34.6% MULLER, PETER USA 29,170,668 34.6% MULLER, THOMAS R. USA 29,171,115 34.6% MULLIN, SEAN C.V. Canada 29,170,930 34.6% MUNARI, ANDREA Italy 29,170,581 34.6% MUNGER, STEPHEN R. USA 29,171,130 34.6% MURPHY, DEVIN I. USA 29,170,747 34.6% MURPHY, CHARLES W. USA 29,170,874 34.6% MURPHY, DANIEL H. USA 29,171,059 34.6% MURPHY, DAVID J. USA 29,171,053 34.6% MURPHY, KEVIN C. USA 29,170,988 34.6% MURRAY, ANTHONY UK 29,170,912 34.6% MURRAY, PETER J. UK 29,170,987 34.6% MURRAY, EILEEN K. USA 29,171,103 34.6% MURRAY, MIRIAM E. USA 29,171,152 34.6% NADOSY, PETER USA 29,171,563 34.6% NAKADA, KENJI Japan 29,170,581 34.6% NASON, PETER G. USA 29,170,821 34.6% NAYLOR, MARGARET P. UK 29,171,015 34.6% NEAMTU, ALEXANDER USA 29,172,050 34.6% NEEDHAM, PETER A. USA 29,171,330 34.6% NELSON, THOMAS R. USA 29,172,380 34.6% NEUBERGER, MARK A. USA 29,170,892 34.6% NEUBOHN, NANEEN H. USA 29,171,414 34.6% NEUWIRTH, DAVID N. USA 29,170,911 34.6% NEWCOMB, PHILIP V. USA 29,170,963 34.6% NEWHOUSE, STEPHAN F. USA 29,171,414 34.6% NEWMAN, DAVID F. USA 29,171,014 34.6% NICOL, DAVID UK 29,173,422 34.6% NIEHAUS, CHRISTOPHER J. USA 29,171,085 34.6% NIEHAUS, ROBERT H. USA 29,172,570 34.6% NOSSEIR, AMR M. USA 29,170,845 34.6% NOTLEY, SEAN J. UK 29,171,434 34.6% NOUJAIM, ALEXANDER J. USA 29,170,869 34.6% NOWLIN, KEVIN USA 29,170,581 34.6% OBERLIN, DANA M. USA 29,170,998 34.6% O'BRIEN, DONALD S. USA 29,171,037 34.6% O'BRIEN, JAMES M. USA 29,171,050 34.6% OCAMPO, EDWARD J. USA 29,170,846 34.6% OELERICH III, FRANCIS J. USA 29,170,981 34.6% O'FLYNN, THOMAS M. USA 29,170,981 34.6% O'FRIEL, MARK L. USA 29,170,699 34.6% O'HARE, MICHAEL T. USA 29,171,055 34.6% O'KEEFE, WILLIAM B. USA 29,171,139 34.6% OKUSU, TAIJI Japan 29,170,581 34.6% O'LEARY, WILLIAM F. USA 29,171,783 34.6% OLESKY, JONATHAN D. USA 29,170,951 34.6% OLSEN, WARREN USA 29,171,105 34.6% ONUMA, TAKASHI Japan 29,170,794 34.6% OREM, JOHN R. USA 29,170,930 34.6% ORMEROD, MARK UK 29,171,747 34.6% OVERLANDER, KEITH F. USA 29,170,733 34.6% OYARBIDE, CARLOS ALFONSO Spain 29,170,581 34.6% OZEKI, TOSHIO USA 29,171,122 34.6% PACE, JOANNE USA 29,170,649 34.6% PACE, PHILLIP USA 29,170,581 34.6% PAGLIARI, MICHAEL UK 29,170,921 34.6% PALMIOTTI, JOSEPH C. USA 29,170,918 34.6% PANDIT, VIKRAM S. India 29,171,370 34.6% PANNELL, CAROL AMANDA UK 29,170,581 34.6% PARKER, ANDREW M. USA 29,170,818 34.6% PARKER, KEVIN E. USA 29,171,175 34.6% PARR, GARY W. USA 29,170,581 34.6% PASCIUCCO, GERARD USA 29,170,985 34.6%
13 PASTRANA, GEORGE USA 29,170,746 34.6% PATEL, MUKESH D. USA 29,170,976 34.6% PATE, BRUCE A. USA 29,170,816 34.6% PATTEN, VEESWANADEN R. Mauritius 29,170,581 34.6% PAVONCELLI, RICCARDO Italy 29,171,028 34.6% PECORI GIRALDI, GALEAZZO Italy 29,173,053 34.6% PELGRIFT, JAMES D. USA 29,171,561 34.6% PELLECCHIO, RALPH L. USA 29,171,170 34.6% PELOSKY JR, ROBERT J. USA 29,170,791 34.6% PENINGTON, MICHAEL UK 29,171,352 34.6% PENWELL, STEPHEN B. USA 29,170,837 34.6% PEREIRA, IAN C.T. Kenya 29,170,751 34.6% PEREIRA, PAULO C. Portugal 29,170,581 34.6% PERELLA, JOSEPH R. USA 29,170,603 34.6% PETERSON, C. SCOTT USA 29,170,896 34.6% PETERSON, WAYNE D. USA 29,171,002 34.6% PETERY, ANDRAS R. USA 29,171,512 34.6% PETITGAS, FRANCK R. USA 29,170,600 34.6% PETRICK, MICHAEL J. USA 29,170,914 34.6% PETRILLI, ANTHONY M. USA 29,170,982 34.6% PETRI, LAWRENCE M. USA 29,171,047 34.6% PETROW, CHRISTOPHER G. USA 29,171,012 34.6% PHILLIPS, CRAIG S. USA 29,170,581 34.6% PIDDEN, ANDREW F. UK 29,170,910 34.6% PLACENTRA, DANIEL R. USA 29,170,909 34.6% PLATT, RUSSELL C. USA 29,170,985 34.6% POCHTAR, ELAINE N. USA 29,171,027 34.6% POOR, DAVID B. USA 29,171,093 34.6% POPE, PATRICIA USA 29,170,777 34.6% PORTE, THIERRY G. USA 29,173,398 34.6% PORTOGALLO, RICHARD USA 29,171,007 34.6% POULOS, PERRY USA 29,171,012 34.6% POULTON, ROGER UK 29,171,055 34.6% PRATT, FRANK T. USA 29,171,512 34.6% PRINCE, SCOTT S. USA 29,170,822 34.6% PUTCHA, RAMAKRISHNA N. USA 29,171,056 34.6% PUTTERMAN, JULES B. USA 29,170,784 34.6% QUARTNER, DOUGLAS M. USA 29,173,047 34.6% QUATTRONE, FRANK P. USA 29,171,258 34.6% QUERY JR, JAMES B. USA 29,170,966 34.6% RABIN, MICHAEL D. USA 29,170,728 34.6% RAFFEL, ANDREAS Germany 29,170,982 34.6% RAMAKRISHNAN, GURU K. India 29,170,934 34.6% RANDOLPH III, GUY D. USA 29,170,934 34.6% RANKINE, NIGEL J. UK 29,170,581 34.6% RANKOWITZ, MICHAEL L. USA 29,171,183 34.6% RAULT III, JOSEPH M. USA 29,171,258 34.6% RAVITZ, LESLIE C. USA 29,170,775 34.6% REEKE, GAIL HUNT USA 29,172,149 34.6% REFVIK, OLAV N. Norway 29,170,867 34.6% REID, WILLIAM R. USA 29,170,708 34.6% REILLY, TIMOTHY B. USA 29,171,053 34.6% REILLY, CHRISTINE I. USA 29,171,221 34.6% REIS, NORBERT J. Germany 29,170,581 34.6% REMEC, MARKO C. USA 29,171,075 34.6% RENEHAN, DAVID USA 29,171,512 34.6% RENTON, STEPHEN UK 29,172,758 34.6% RESTAINO, PAOLO ANTHONY Italy 29,170,581 34.6% REVELLI, PAOLO Italy 29,170,581 34.6% REYNOLDS, RALPH F. USA 29,170,826 34.6% RICHARDSON, GERALD P. USA 29,171,071 34.6% RICHARDS, DRUCILLA A. USA 29,170,581 34.6% RICHTER, MARIA DEL CARM Panama 29,170,642 34.6% RIEFLER, LINDA H. USA 29,170,884 34.6% RIEPER, ALAN G. USA 29,170,627 34.6% RILEY, THOMAS R. USA 29,171,228 34.6% ROACH, STEPHEN S. USA 29,171,097 34.6% ROBBINS, DAVID I. USA 29,170,963 34.6% ROBERT, PETER USA 29,170,581 34.6% ROBERTS, JOHN A. UK 29,171,019 34.6% ROBEY, SIMON C. UK 29,170,581 34.6% ROBINO, CHRISTOPHER M. USA 29,170,855 34.6% ROBINSON, JOHN D. USA 29,170,984 34.6% RODMAN, KEVIN L. USA 29,171,021 34.6% ROGERS, HARTLEY R. USA 29,170,581 34.6% ROHRBACH III, CLAYTON J. USA 29,171,563 34.6% ROLLYSON, MIKEL M. USA 29,170,581 34.6% ROOKWOOD, MARK S. USA 29,170,893 34.6% ROSENTHAL, RICHARD S. USA 29,171,063 34.6% ROSENTHAL, NORMAN USA 29,171,221 34.6% ROSENTHAL, ANDREW USA 29,170,581 34.6%
14 ROWE, TAMSIN E.E. UK 29,170,827 34.6% ROWLEY, ANDREW F. USA 29,171,266 34.6% RUDOLPH, SIMON UK 29,170,994 34.6% RUNDE, JAMES A. USA 29,171,522 34.6% RUSSINELLI, THOMAS W. USA 29,171,016 34.6% RYAN, ROBERT J. Canada 29,170,704 34.6% SAITO, MAKOTO Japan 29,170,581 34.6% SAKIMA, GLENN J. USA 29,170,954 34.6% SALANT, MARSHAL L. USA 29,171,075 34.6% SALZMAN, JEFFREY H. USA 29,171,512 34.6% SAMA, ALOK USA 29,170,959 34.6% SANDBERG, BRUCE R. USA 29,171,047 34.6% SANDLING III, M. JAMES USA 29,170,989 34.6% SARGENT, ROBERT A. UK 29,171,315 34.6% SASAKI, MAMI Japan 29,170,581 34.6% SAUNDERS, RICHARD J. UK 29,171,152 34.6% SAXE, SUSAN E. USA 29,171,031 34.6% SAXTON, THOMAS J. USA 29,170,927 34.6% SCHAAFF JR, HAROLD J. USA 29,170,981 34.6% SCHEUER, ALAN USA 29,170,610 34.6% SCHIEFFELIN, ALLISON USA 29,170,883 34.6% SCHLESINGER, DONALD E. USA 29,170,887 34.6% SCHLUETER, JAMES B. USA 29,170,958 34.6% SCHNEIDER, DONALD J. USA 29,171,037 34.6% SCHUETTLER, HANS JOERG Germany 29,170,581 34.6% SCHWARTZ, RICHARD C. USA 29,170,581 34.6% SCOTT, ANDREW C. USA 29,171,136 34.6% SCOTT, CHARLES H. UK 29,173,683 34.6% SCOTT, ROBERT G. USA 29,171,638 34.6% SEAH, KIAT SENG Singapore 29,170,581 34.6% SEIGEL, MARK A. USA 29,172,570 34.6% SEKARAN, RAJAN USA 29,170,581 34.6% SEN, BIDYUT C. India 29,171,370 34.6% SETHI, VINOD R. USA 29,170,811 34.6% SEXAUER, STEPHEN C. USA 29,170,964 34.6% SHAH, DHIREN H. USA 29,171,011 34.6% SHAPIRO, JOHN A. USA 29,171,233 34.6% SHAY, DEWEY K. USA 29,170,981 34.6% SHEAR, NEAL A. USA 29,171,414 34.6% SHEA, THOMAS J. USA 29,170,992 34.6% SHEA, DENNIS F. USA 29,171,663 34.6% SHELTON, RICHARD DAVID USA 29,170,854 34.6% SHEN, BING China 29,171,111 34.6% SHERVA, DENNIS G. USA 29,171,563 34.6% SHORT, CHARLES B. USA 29,171,067 34.6% SHORT, MARIUM A. USA 29,171,054 34.6% SICA, FRANK USA 29,171,414 34.6% SIMONIAN, JON D. USA 29,174,042 34.6% SINE, JEFFREY A. USA 29,171,093 34.6% SINE, THOMAS USA 29,170,998 34.6% SIPPRELLE, DWIGHT D. USA 29,171,083 34.6% SIPPRELLE, SCOTT M. USA 29,170,865 34.6% SITARZ, PAUL J. USA 29,171,050 34.6% SITLINGTON, JAMES R. III USA 29,170,581 34.6% SKERRITT, SUSAN E. USA 29,170,581 34.6% SKIBA, JACK L. USA 29,171,061 34.6% SLADKUS, MARK H. USA 29,171,124 34.6% SLAINE, DAVID R. USA 29,171,016 34.6% SLESS, HENRY J. UK 29,170,581 34.6% SMITH, ROBERT M. USA 29,170,581 34.6% SMITH, CHARISSA H. USA 29,171,021 34.6% SMITH, JUDITH A. USA 29,171,209 34.6% SMITH, MICHAEL K. USA 29,170,840 34.6% SMITH, PAUL E. USA 29,171,014 34.6% SONNENBORN, MONROE R. USA 29,171,213 34.6% SORELL, MICHAEL USA 29,170,581 34.6% SORREL, LAWRENCE B. USA 29,170,985 34.6% SOTER, ARTHUR P. USA 29,171,401 34.6% SPECTOR, ALVIN H. USA 29,171,308 34.6% SPELLMAN, MICHAEL F. USA 29,171,097 34.6% SPENCE, ANTHONY D. UK 29,171,085 34.6% SPITZLEY, RAY L. USA 29,170,628 34.6% SPOSITO, CLAUDIO Italy 29,170,581 34.6% STEIN, JENS-PETER Germany 29,170,649 34.6% STEWART, TIMOTHY DONALD Australia 29,170,581 34.6% STEWART, JOHN R. USA 29,171,258 34.6% STONEHILL, CHARLES UK 29,174,106 34.6% STONE, DUNCAN R. UK 29,170,749 34.6% STOTT, PETER UK 29,172,771 34.6% STRAUS, JOHN A. USA 29,171,123 34.6% STRONG, WILLIAM H. USA 29,170,708 34.6%
15 STRUBLE, K. LYNN MEDLIN USA 29,170,969 34.6% STUDZINSKI, JOHN J. USA 29,174,160 34.6% STURZENEGGER, RONALD D. USA 29,170,981 34.6% STUX, IVAN E. USA 29,171,144 34.6% STYNES, JAMES B. USA 29,171,851 34.6% SUZUKI, HIROHIKO Japan 29,170,581 34.6% SWEENEY, FRANCIS J. USA 29,171,009 34.6% SWIFT, RICHARD W. USA 29,171,169 34.6% SZILASI, WILLIAM J. USA 29,171,148 34.6% TAGGART, RICHARD G. USA 29,170,933 34.6% TAKASUGI, TETSUO Japan 29,170,953 34.6% TANNER, JAMES L. USA 29,174,491 34.6% TAN, TOMMY CHIN-CHIU Thailand 29,170,581 34.6% TARADASH, MICHAEL H. USA 29,170,878 34.6% TARIKA, ROGER C. USA 29,171,094 34.6% TAUBMAN, PAUL J. USA 29,170,985 34.6% TAYLOR, DAVID J. USA 29,170,965 34.6% TELL, MARTIN R. USA 29,170,919 34.6% THARNSTROM, CHARLES A. USA 29,170,955 34.6% THEES, THOMAS M. USA 29,171,062 34.6% THOMAS, OWEN D. USA 29,170,959 34.6% THOMAS, PHILIP M. UK 29,171,553 34.6% THOMAS, RICHARD H. UK 29,171,724 34.6% THORMAN, WALTER E. USA 29,171,015 34.6% TIERNEY, RAYMOND M. III USA 29,170,581 34.6% TILLEY, JAMES A. Canada 29,171,414 34.6% TOMINAGA, HIROSHI Japan 29,170,581 34.6% TOPPER, DAVID J. USA 29,171,130 34.6% TOROP, ROBERT USA 29,170,946 34.6% TOWSE, ROBERT C. USA 29,171,370 34.6% TRACY, JOHN M. USA 29,171,018 34.6% TRAPP, GORAN PAR Sweden 29,170,581 34.6% TRENCHARD, DAVID F. UK 29,170,722 34.6% TSAI, ANDREW S. Hong Kong 29,170,581 34.6% TUFARIELLO, ANTHONY B. USA 29,170,933 34.6% TULP, ALLAN J. USA 29,171,041 34.6% TWIST, CAROLYN M. UK 29,171,074 34.6% TYNAN, BRENDAN TIMOTHY UK 29,174,295 34.6% UVA, MICHAEL D. USA 29,171,020 34.6% VADALA JR, CHARLES F. USA 29,171,446 34.6% VAN AMSON, GEORGE L. USA 29,170,670 34.6% VAN DYKE V, HENRY USA 29,170,981 34.6% VAN NIEUWENHUIZEN, JAN L. Netherlands 29,170,660 34.6% VANDERCAR, ERIC M. USA 29,170,938 34.6% VAROLI, CORRADO P. Canada 29,170,887 34.6% VAUGHAN, GREGORY V. USA 29,170,840 34.6% VIVEASH, F. THOMAS UK 29,176,322 34.6% VON ARENTSCHILDT, CHARLES USA 29,171,108 34.6% VON NATHUSIUS, FRIEDRICH Germany 29,170,581 34.6% VON SCHRODER, BENEDIKT Germany 29,171,019 34.6% VON UFFEL, GEORGE KURT USA 29,170,940 34.6% VONDERHEIDE, MARK L. USA 29,170,635 34.6% VOREYER, ROBERT J. USA 29,170,926 34.6% VOUTE, GUSTAVE A. Netherlands 29,171,817 34.6% VRCELJ, STEVAN Australia 29,170,581 34.6% WADSWORTH JR, JOHN S. USA 29,171,638 34.6% WAGER, MALCOLM UK 29,171,055 34.6% WAGNER, GLENN N. USA 29,170,798 34.6% WAHL, FREDERICK J. USA 29,170,936 34.6% WAKAMOTO, HIDENORI Japan 29,170,581 34.6% WALLACE, EILEEN S. USA 29,171,012 34.6% WALSH JR, FREDERICK R. USA 29,171,177 34.6% WALSH, MARK K. USA 29,171,037 34.6% WALKER, SIR DAVID ALAN UK 29,170,581 34.6% WANG, HUEY C. USA 29,170,581 34.6% WARD, J. STEVEN UK 29,174,475 34.6% WARNER, PHILIP WARD USA 29,171,203 34.6% WARREN, DAVID R. USA 29,170,581 34.6% WASSON, DAVID F. USA 29,171,081 34.6% WATERS, STEPHEN M. USA 29,171,519 34.6% WATSON, GORDON O. USA 29,171,018 34.6% WAXMAN, SCOTT USA 29,170,816 34.6% WEAVER, IAN L. UK 29,170,895 34.6% WEBER, JON F. USA 29,170,742 34.6% WEBLEY, JOHN UK 29,172,237 34.6% WEIANT, WILLIAM M. USA 29,170,581 34.6% WELLEMEYER, JOHN C. USA 29,174,896 34.6% WENDELL, JONATHAN P. USA 29,174,599 34.6% WESTERFIELD, JOHN USA 29,170,705 34.6% WESTERINK, ERIK J. Netherlands 29,170,612 34.6% WESTON, MICHAEL A. New Zealand 29,171,621 34.6%
16 WHALEN, PATRICK J. USA 29,170,778 34.6% WHELAN, THOMAS B. USA 29,171,370 34.6% WHITEHAND, ROBERT C. UK 29,177,999 34.7% WHITE, WILLIAM H. USA 29,170,930 34.6% WHITE, KATHLEEN E. USA 29,170,581 34.6% WIEN, BYRON R. USA 29,171,512 34.6% WILLIAMS, JEFFREY P. USA 29,171,414 34.6% WILLNER, ANDREW D. UK 29,170,581 34.6% WILSON, KIRK R. USA 29,171,011 34.6% WINNINGTON-INGRAM, REBECCA S. UK 29,170,880 34.6% WINTERS, PHILIP W. USA 29,171,160 34.6% WIPF, THOMAS G. USA 29,171,011 34.6% WISCOMB, THOMAS T. USA 29,171,560 34.6% WOLKOWITZ, BENJAMIN USA 29,171,881 34.6% WOOD, JEROME C. USA 29,171,196 34.6% WOOLFORD, ANDREW K. USA 29,170,686 34.6% WOOLWORTH JR, RICHARD G. USA 29,171,169 34.6% WRIGHT II, WILLIAM H. USA 29,170,959 34.6% YAFFE, RANDY S. USA 29,171,007 34.6% YAMADA, HARUNOBU Japan 29,170,940 34.6% YAMAMOTO, TAKATOSHI Japan 29,170,581 34.6% YAMANE, STEVEN K. USA 29,170,961 34.6% YANKOU, THOMAS J. USA 29,170,925 34.6% YOSHIDA, HIDEO Japan 29,170,581 34.6% YOUNG, HARRISON USA 29,170,581 34.6% YUKI, KOHEI Japan 29,170,581 34.6% ZAOUI, MICHAEL A. France 29,172,856 34.6% ZAUMSEIL, BRICE W. USA 29,171,235 34.6% ZIAI, YOUSSEF UK 29,170,843 34.6% ZICHERMAN, JOSEPH R. USA 29,170,879 34.6% ZICK JR, ALFORD E. USA 29,170,974 34.6% ZORN, ERNEST P. USA 29,170,991 34.6% ZUCKERT, MICHAEL USA 29,171,013 34.6%
17 Item 1. Security and Issuer. ------------------- This statement relates to the Common Stock, par value $1.00 per share (the "Shares"), of Morgan Stanley Group Inc., a Delaware corporation (the "Company"). The address of the principal executive office of the Company is 1585 Broadway, New York, New York 10036. Item 2. Identity and Background. ----------------------- (a)-(c), (f) The cover sheets to this statement and Appendix A hereto contain the names of the persons (the "Reporting Persons") who beneficially own Shares that are subject to the voting and any disposition restrictions set forth in the employee Stockholders' Agreement and/or any of the Plan Agreements, all as described in Item 6, to which such persons are party to and on whose behalf this filing is made. The cover sheets to this statement and Appendix A provide the name, citizenship and aggregate amount beneficially held by each Reporting Person. The business address of each of the Reporting Persons is 1585 Broadway, New York, NY 10036. (d)-(e) No Reporting Person during the last five years has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- The Shares held by the Reporting Persons are beneficially owned pursuant to one or more of the following: (1) Pursuant to the recapitalization (the "Recapitalization") effective February 14, 1986 in which holders of the Company's then outstanding privately-held common stock and non-cumulative preferred stock received Shares, and holders of the Company's outstanding $8 cumulative senior preferred stock received shares of $8 Cumulative Convertible Preferred Stock, stated value $100 per share (the "Convertible Preferred Shares"), all of which were subsequently converted into Shares (the Shares beneficially owned pursuant to such Recapitalization (including through the conversion of the Convertible Preferred Shares) being referred to herein as "Recapitalization Shares"); (2) Pursuant to participation in the Company's 1986 Stock Option Plan (the "Option Plan"), the Company's Performance Unit Plan (the "PUP Plan"), the Company's 1988 Equity Incentive Compensation Plan (the "Equity Incentive Plan") and/or the Morgan Stanley U.K. Group Profit Sharing Scheme (the "U.K. Profit Sharing Scheme") and/or similar employee benefit plans or arrangements (the Option Plan, the PUP Plan and the Equity Incentive Plan are referred to collectively as the "Plans", and the Shares beneficially owned pursuant to participation in such Plans and the U.K. Profit Sharing Scheme being referred to herein as "Benefit Plan Shares"); and (3) Pursuant to privately negotiated or open market transactions (the Shares beneficially owned pursuant to such transactions being referred to herein as "Separately Acquired Shares"). In addition, many of the Reporting Persons are participants in the Morgan Stanley Group Inc. and Subsidiaries Employee Stock Ownership Plan (the "ESOP"), under which they have been allocated shares of the Company's ESOP Convertible Preferred Stock (the "ESOP Stock"). Shares of ESOP Stock are convertible into Shares, and shares of ESOP Stock are entitled to vote on all matters submitted to a vote of the holders of Shares, voting together with the holders of Shares as one class, all as described more fully below. Each Reporting Person's Recapitalization Shares, if any, were acquired in exchange for such Person's shares of the Company's privately-held common stock and non-cumulative preferred stock and/or as a result of the conversion of the Convertible Preferred Shares; each Reporting Person's Benefit Plan Shares and shares of ESOP Stock, if any, were acquired pursuant to the terms of the Plans, the U.K. Profit Sharing Scheme and the ESOP in consideration of services rendered and, in the case of Shares to be acquired pursuant to an exercise of options granted under a Plan will be acquired by payment of the exercise price of the option; and each Reporting Person's Separately Acquired Shares, if any, were acquired by payment of personal funds or as a gift. Item 4. Purpose of Transaction. ---------------------- Recapitalization Shares 18 The Recapitalization was effected as of February 14, 1986, and the Recapitalization Shares were acquired in order to facilitate an initial public offering of the Shares. Prior to the Recapitalization, the then Managing Directors and Principals of Morgan Stanley & Co. Incorporated, a subsidiary of the Company, owned all of the Company's common stock. After the Recapitalization and the initial public offering of the Shares, such Managing Directors and Principals (as a group) owned approximately 79% of the Company's Shares, the voting and disposition of which were subject to the Stockholders' Agreement (defined below in Item 6). The voting and disposition restrictions currently applicable to the Recapitalization Shares are discussed in Item 6. Benefit Plan Shares Subsequent to May 2, 1991 up to an aggregate of 24,000,000 Shares may be issued pursuant to the Plans. Each of the Plans is administered by the Compensation Committee of the Board of Directors (the "Compensation Committee"), which selects the particular eligible persons who will receive awards under the Plans and determines the size and terms of such awards. The Compensation Committee consists of at least three disinterested persons. Option Plan The purpose of the Option Plan is to provide an incentive to certain Managing Directors, Principals, officers, key employees and consultants of the Company and its subsidiaries ("Certain Personnel") to remain in the employ of the Company and such subsidiaries and to increase their interest in the success of the Company by offering them an opportunity to obtain a proprietary interest in the Company through the grant of options to purchase Shares. The Option Plan provides for the issuance of incentive stock options ("Incentive Stock Options") which meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), options that are not qualified under the Code ("Nonqualified Options" and collectively with the Incentive Stock Options, the "SOP Options") and stock appreciation rights. To date only Nonqualified Options have been granted under the Option Plan. The exercise price of a SOP Option may not be less than 100% of the fair market value of the Shares subject to the SOP Option as of the grant date, as determined by the Compensation Committee. A SOP Option becomes exercisable at a rate of one-third of the number of Shares covered by such SOP Option grant after each of the first three anniversaries of the date of grant, unless the Compensation Committee otherwise provides. All SOP Options, other than Incentive Stock Options, are required to expire within 10 years and one day of the date of grant. The individual option agreement entered into by any Reporting Person pursuant to the Option Plan (an "Option Agreement") contains restrictions on voting and disposition of any Shares acquired pursuant to the Option Plan that are similar to the restrictions applicable to the Recapitalization Shares (as discussed in Item 6). The Option Plan will terminate upon the earlier of (i) the adoption of a resolution of the Board of Directors authorizing its termination and (ii) March 21, 1996. PUP Plan 19 The purpose of the PUP Plan is to benefit and advance the interests of the Company and its subsidiaries by rewarding Certain Personnel for their contributions to the financial success of the Company and thereby motivate them to continue to make such contributions in the future by awarding performance units (the "Performance Units") whose value is determined by reference to earnings per share of the Shares over a stated period of time. The value of a Performance Unit is equal to the Company's consolidated earnings per share (as determined by the Compensation Committee in accordance with the terms of the PUP Plan) during the period commencing on the first date of the Company's fiscal quarter which includes the date as of which a Performance Unit is awarded (the "Base Date") and ending on the earlier of (i) the last day of the Company's fiscal year which includes the date on which such Performance Unit is awarded and (ii) the last day of the Company's fiscal quarter in which a participant's employment is terminated by reason of death, long-term disability or retirement, or to such other date as is determined by the Compensation Committee (the "Valuation Date"). After the value of Performance Units is determined, such value generally will be distributed to the recipient in equal installments on or as soon as practicable following each of the first and second anniversaries of the Valuation Date. The PUP Plan provides that 50% of each installment of such value is paid in Shares, and the balance is paid in cash, although the Compensation Committee may increase the percentage paid in cash or in Shares. The individual PUP Plan agreement entered into by a Reporting Person pursuant to the PUP Plan (a "PUP Agreement") contains restrictions on voting and disposition of any shares acquired that are similar to the restrictions applicable to the Recapitalization Shares (as discussed in Item 6). The PUP Plan will terminate upon the earlier of (i) the adoption of a resolution of the Board of Directors terminating such Plan and (ii) March 21, 1996. Equity Incentive Plan The purpose of the Equity Incentive Plan is to attract, retain and motivate Certain Personnel, to compensate them for their contributions to the growth and profits of the Company and to encourage ownership by them of Shares. Awards under the Equity Incentive Plan may be in the form of Shares ("Restricted Shares"), stock units ("Stock Units") and/or options to purchase Shares ("EIP Options"). Shares issued pursuant to the Equity Incentive Plan may, in the discretion of the Compensation Committee, be made subject to the same voting restrictions that are set forth in the Stockholders' Agreement and in the Option Agreement and PUP Agreement (as discussed in Item 6). Under the terms of the Equity Incentive Plan, the Compensation Committee may grant Restricted Shares, valued at a discount (not to exceed 50%) of fair market value as of the date of grant (a "Stock Award"), in lieu of, or in addition to, all or a portion of a participant's cash incentive compensation for a particular year. A participant may be allowed to elect to receive a portion of this award in the form of EIP Options (an "Option Award") or to receive additional Shares or options in lieu of some or all of the cash portion of his compensation. Awards may also be made in the form of Stock Units representing the number of Shares a participant would otherwise have been eligible to receive under a Stock Award (a "Stock Unit Award"). A participant may also elect to receive Stock Units in lieu of 20 some or all of the cash portion of his compensation. An Option Award entitles the participant to acquire a specified number of Shares at an exercise price of no less than 50% of fair market value on the date of the award, as determined by the Compensation Committee. EIP Options vest and become exercisable in accordance with a schedule established by the Compensation Committee. The exercise price may be paid in cash or Shares or a combination thereof. The ability to pay the EIP Option exercise price in Shares would, unless prohibited by the Compensation Committee, enable an optionee to engage in a series of successive stock-for-stock exercises of EIP Options and thereby fully exercise EIP Options with little or no cash investment by the optionee. Option Awards expire not later than ten years from the date of award. The Equity Incentive Plan will terminate upon the earlier of (i) the adoption of a resolution of the Board of Directors and (ii) May 4, 1999. U.K. Profit Sharing Scheme Shares purchased on behalf of certain Reporting Persons pursuant to the U.K. Profit Sharing Scheme are purchased with profit-sharing awards and are held pursuant to the terms of the U.K. Profit Sharing Scheme for investment purposes. Such Shares are not subject to the restrictions on voting and disposition contained in the Stockholders' Agreement (as defined in Item 6). Separately Acquired Shares Separately Acquired Shares are held by Reporting Persons for investment purposes. Such Shares are not subject to the restrictions on voting and disposition contained in the Stockholders' Agreement or the Plan Agreements (as defined in Item 6). ESOP Stock Shares of ESOP Stock are allocated to each participant in the ESOP on December 31 in each year. Each share of ESOP Stock is convertible into Shares by the trustee of the ESOP at any time prior to the date fixed for redemption of the ESOP Stock at an initial conversion rate of one share of ESOP Stock to one Share, which rate is subject to adjustment. On the date hereof the conversion price per share at which Shares will be issued upon conversion of any shares of ESOP Stock is $35.88 (subject to adjustment). The ESOP Stock is redeemable at the Company's option at $35.88 per share (subject to adjustment) plus accrued dividends at any time after September 19, 2000 and prior thereto under certain circumstances at specified prices. The Company may pay the redemption price of the ESOP Stock in cash, in Shares or a combination thereof. Neither ESOP Stock nor Shares issued to participants in the ESOP are subject to the restrictions on voting and disposition contained in the Stockholders' Agreement or the Plan Agreements. * * * Except for (i) the possible acquisition from time to time of additional Separately Acquired Shares for investment purposes and (ii) the acquisition of Shares issued by the Company in the ordinary course of business pursuant to the Plans and the U.K. Profit Sharing Scheme, none of the Reporting Persons has any plans or proposals which relate to or would result in their 21 acquisition of additional Shares. Subject to the restrictions described in Item 6, dispositions of Shares by Reporting Persons may be made from time to time pursuant to (i) Rule 144 under the Securities Act of 1933, as amended (the "Act"), (ii) a registration statement filed under the Act or (iii) any available exemption from registration under the Act, and in accordance with the individual investment objectives of the Reporting Person disposing of such Shares. Except as previously described in this Item 4, the Reporting Persons as a group do not have any plans or proposals that relate to or would result in any of the matters described in subparagraphs (a)-(j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. ------------------------------------ (a) Items (11) and (13) of the cover page for each of the Reporting Persons are hereby incorporated by reference. As of the date of this report, the Reporting Persons as a group may be deemed to beneficially own an aggregate of 29,170,581 Shares, or approximately 34.7%, which represents a 1.3% decrease from the amount reported in Amendment No. 22. Since Amendment No. 22, the retirement or termination of certain employees became effective with the result that they are no longer Reporting Persons. In addition, certain Reporting Persons disposed of Shares (see Schedule II). The Reporting Persons' beneficial ownership of Shares, after accounting for such retired or terminated employees and for dispositions and changes in the number of total Shares outstanding, decreased by approximately 1.3%. In addition, since Amendment No. 22, awards under the Equity Incentive Plan resulted in an increase in the Reporting Persons' beneficial ownership of Shares of less than 1%. The Reporting Persons as a group hereby disclaim beneficial ownership of any Shares held by any Reporting Person as to which such Reporting Person has sole voting and dispositive power. Each Reporting Person hereby disclaims beneficial ownership of any Shares which may be deemed to be beneficially owned by other Reporting Persons as members of a group. Except as described in Schedule I, no Reporting Person has the right to acquire Shares within 60 days from the date hereof. (b) Items (7) - (10) of the cover page or the information provided on Appendix A for each of the Reporting Persons are hereby incorporated by reference. (c) Except as described in Schedule II, no Reporting Person has effected any transactions in any Shares during the past 60 days. (d) None. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect --------------------------------------------------------------------- to Securities of the Issuer. --------------------------- Reporting Persons who own Recapitalization Shares have entered into a Stockholders' Agreement dated as of February 14, 1986 (the "Stockholders' Agreement") (Exhibit A hereto) which contains restrictions regarding the voting and disposition of the Recapitalization Shares. Pursuant to the terms of the Plans, the Compensation Committee has required that certain participants in 22 such Plans enter into agreements that place restrictions on the voting and disposition of Shares acquired pursuant to such Plans similar to those restrictions set forth in the Stockholders' Agreement. Reference is hereby made to the terms of the agreements or certificates that impose such restrictions pursuant to the Plans (collectively, the "Plan Agreements"), the forms of which are included as Exhibits E, F, H, I, and J hereto, and the following description is qualified in its entirety by reference to such Plan Agreements. Voting Restrictions and Arrangements Each of the individuals listed on the cover pages to this report and Appendix A hereto is a party to one or more of the Stockholders' Agreement and the Plan Agreements. Pursuant to the voting restrictions contained in the Stockholders' Agreement and the Plan Agreements, the Reporting Persons, prior to any vote of the stockholders of the Company at a meeting called with respect to any corporate action or before action is taken by written consent, may vote all Shares subject to the voting restrictions in a preliminary vote in such manner as each Reporting Person may determine in his sole discretion (the "Preliminary Vote"). At the subsequent stockholders' meeting or in connection with any action taken by written consent, the Reporting Persons must then vote all such Shares on the matter at issue in accordance with the vote of the majority of the Shares present and voting in the Preliminary Vote. Reporting Persons who cease to be employed by the Company or any of its subsidiaries on or prior to the date of the Preliminary Vote do not participate in the Preliminary Vote. Recipients of Stock Awards are entitled to exercise voting rights with respect to the Shares underlying such awards upon receipt of such awards. On March 6, 1991 the Company established a trust (the "Trust") pursuant to the Trust Agreement between the Company and State Street Bank and Trust Company, as Trustee (the "Trustee"), dated March 5, 1991 (the "Trust Agreement") (Exhibit K) pursuant to which the Shares that correspond to Stock Unit Awards are placed in the Trust pending vesting and conversion. Subject to the Company's right to amend or terminate the Trust at any time, the terms of the Trust Agreement permit the active employees of the Company who are holders of Stock Units (other than Certain Personnel in certain non-U.S. jurisdictions as described below) to direct the vote of the Shares held in the Trust for purposes of the Preliminary Vote. In accordance with the terms of the Voting Agreement between the Trustee and the Company dated March 5, 1991 (Exhibit L), the Trustee has the obligation to vote the Shares held in the Trust in accordance with the result of the Preliminary Vote. Holders of ESOP Stock are entitled to vote on all matters submitted to a vote of the holders of Shares, voting together with the holders of Shares as one class. Each share of ESOP Stock is entitled to the number of votes equal to 1.35 times the number of Shares into which such share of ESOP Stock could be converted on the record date for such vote. Each Reporting Person who is a participant in the ESOP has the ability to instruct the trustee of the ESOP how to vote the shares of ESOP Stock allocated to his account. In addition, unallocated shares of ESOP Stock are voted by the trustee on a pro rata basis with the instructions received with respect to the allocated ESOP Stock. Restrictions on Disposition and Other Arrangements The Stockholders' Agreement presently permits each Reporting Person to dispose of Recapitalization Shares and/or Shares acquired pursuant to the Option Plan and PUP Plan (together with 23 the Recapitalization Shares, "Total Restricted Stock") in the following amounts:
% of Total Restricted Stock Age at Date of Sale Permitted to be Sold ------------------- -------------------- 35 through 38 10% 39 through 42 Additional 10% 43 through 46 Additional 10% 47 through 49 Additional 10% 50 and above Additional 10%
If a Reporting Person ceases to be an employee of the Company or any of its subsidiaries, the Stockholders' Agreement permits such Reporting Person to dispose of his Recapitalization Shares without restriction. Reporting Persons may dispose of their Total Restricted Stock Shares at any time, in any amount regardless of the foregoing restrictions, with the consent of the Board of Directors of the Company. Option Plan The transfer restrictions contained in the Option Agreements permit the transfer, at any time, without restriction, of only that number of Shares having a value equal to the excess of the fair market value (as of the date of exercise) of the Shares acquired upon exercise over the aggregate amount paid upon exercise multiplied by the highest statutory federal, state, local and foreign tax rates at the time of exercise (but in no event greater than 50% of such excess). The balance of the Shares acquired upon the exercise of such SOP Options will be transferable only in accordance with a schedule, substantially similar to that contained in the Stockholders' Agreement, that permits the transfer of a number of such Shares representing a specified percentage of the total number of Shares held by the optionee that are subject to restrictions and according to the optionee's age. If a Reporting Person ceases to be an employee of the Company or any of its subsidiaries, these transfer restrictions will no longer apply to Shares acquired pursuant to the Option Plan. The Compensation Committee has adopted certain additional and/or different terms and conditions for the grant of options ("U.K. Options"), including SOP Options, to Certain Personnel under the jurisdiction of the United Kingdom. Any Shares issued, or issuable, upon exercise of U.K. Options, however, are not subject to voting or disposition restrictions. PUP Plan Pursuant to the PUP Agreements, Performance Units that have been awarded through the date hereof provide that Shares received thereunder will be transferable only in accordance with a schedule, substantially similar to that contained in the Stockholders' Agreement, that permits the transfer of a number of such Shares representing a specified percentage of the total number of Shares held by the recipient that are subject to restrictions and according to the recipient's age. If a Reporting Person ceases to be an employee of the Company or any of its subsidiaries, these transfer restrictions will no longer apply to the Shares acquired pursuant to the PUP Plan. Shares issued to Certain Personnel under the jurisdiction of the United Kingdom, however, are not subject to voting or disposition restrictions. Equity Incentive Plan 24 A participant will vest in any Stock Awards, Stock Unit Awards or Option Awards, the restrictions on the transferability of Restricted Shares will lapse, any EIP Options awarded will become exercisable and Stock Units will convert into Shares all in accordance with a schedule established by the Compensation Committee. The Compensation Committee may, however, accelerate the vesting of any award, the lapse of restrictions on the transferability of any Restricted Shares, the date on which any EIP Option awarded first becomes exercisable and the date on which Stock Units convert into Shares. Prior to vesting and the lapse of restrictions on transferability, none of the awards under the Equity Incentive Plan may be sold, assigned, exchanged or transferred, pledged, hypothecated or otherwise disposed of or encumbered. Certain awards under the Equity Incentive Plan, whether vested or unvested, are also subject to forfeiture in circumstances specified by the Compensation Committee. Recipients of Stock Awards are entitled to receive dividends with respect to Shares underlying such awards upon receipt of such awards. Recipients of Stock Unit Awards are entitled to receive dividend equivalent amounts prior to receipt of Shares. The Company may require a participant to pay a sum to the Company or, pursuant to reduced Share delivery provisions, the Company may retain the number of Shares having an equivalent value as may be necessary to cover any taxes or charges imposed with respect to property or income received by a participant pursuant to the Equity Incentive Plan. In addition, upon conversion of Stock Units into Shares or exercise of EIP Options, the Company may withhold a number of Shares sufficient to satisfy any obligation a participant owes to the Company resulting from any payment made on the participant's behalf under the tax equalization program for expatriate employees. From time to time the Compensation Committee has adopted certain additional and/or different terms and conditions for the grant of Stock Awards and Stock Unit Awards to Certain Personnel in certain non-U.S. jurisdictions (including to Japanese local employees or expatriates working in Japan) to permit such persons to qualify for favorable tax treatment under, or otherwise to comply with, the laws of such non-U.S. jurisdictions. In such cases the Company may not issue Shares corresponding to Stock Units and recipients may not have the ability to vote or the underlying Shares may not be subject to the restrictions on voting described under "Voting Restrictions and Arrangements" above. The Compensation Committee also has adopted certain additional and/or different terms and conditions for the grant of Option Awards (including U.K. Options) to Certain Personnel in certain non-U.S. jurisdictions in order to permit such persons to quality for favorable tax treatment under the laws of such non- U.S. jurisdictions. U.K. Profit Sharing Scheme The U.K. Profit Sharing Scheme provides that Shares awarded to the participants are held by a trustee in the name and on behalf of each participant for a period of two years from the date of such award (the "Retention Period"). Each participant is fully vested in, and is the beneficial owner of, the shares held on his behalf as of the award date of the Shares. During the Retention Period, a participant may not assign, pledge or otherwise dispose of such Shares; however, a participant is able to instruct the trustee how to vote such Shares on his behalf. Item 7. Material to be Filed as Exhibits. -------------------------------- 25 Certain of the following exhibits, as indicated parenthetically, were previously filed as exhibits to registration statements or reports filed by the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, respectively, or reports filed by the Reporting Persons under the Securities Exchange Act of 1934 and are hereby incorporated by reference to such statements or reports. Exhibit A Stockholders' Agreement dated February 14, 1986 among certain Reporting Persons and the Company (Annual Report on Form 10-K for the fiscal year ended January 31, 1993). Exhibit B Morgan Stanley Group Inc. Performance Unit Plan, as amended and restated to date (Annual Report on Form 10- K for the fiscal year ended January 31, 1993). Exhibit C Morgan Stanley Group Inc. 1986 Stock Option Plan, as amended and restated to date (Annual Report on Form 10- K for the fiscal year ended January 31, 1993). Exhibit D Trust Deed and Rules of the Morgan Stanley International Profit Sharing Scheme (approved under the Finance Act 1978 as amended), dated 12 November, 1987, of Morgan Stanley Group Inc., Morgan Stanley International and Noble Lowndes Settlement Trustees Limited (Annual Report on Form 10-K for the fiscal year ended January 31, 1993). Exhibit E Form of Award Agreement Under the Morgan Stanley Group Inc. Performance Unit Plan (Registration Statement on Form S-8 (No. 33-42464)). Exhibit F Form of Nonqualified Stock Option Agreement Under the Morgan Stanley Group Inc. 1986 Stock Option Plan (Registration Statement on Form S-8 (No. 33-42464)). Exhibit G Morgan Stanley Group Inc. 1988 Equity Incentive Compensation Plan, as amended and restated to date (Annual Report on Form 10-K for the fiscal year ended January 31, 1993). Exhibit H Form of Stock Unit Certificate Under the Morgan Stanley Group Inc. 1988 Equity Incentive Compensation Plan (Previously filed as Exhibit V with Amendment No. 5 to Schedule 13D dated December 31, 1990). Exhibit I Form of Stock Option Certificate Under the Morgan Stanley Group Inc. 1988 Equity Incentive Compensation Plan (Previously filed as Exhibit W with Amendment No. 5 to Schedule 13D dated December 31, 1990). Exhibit J Form of Voting Agreement Under the Morgan Stanley Group Inc. 1988 Equity Incentive Compensation Plan (Previously filed as Exhibit X with Amendment No. 5 to Schedule 13D dated December 31, 1990). Exhibit K Trust Agreement between Morgan Stanley Group Inc. and State Street Bank and Trust Company dated March 5, 1991 (Annual Report on Form 10- K for the fiscal year ended January 31, 1993). Exhibit L Voting Agreement among Morgan Stanley Group Inc., State Street Bank and Trust Company and Other Persons Signing Similar Agreements dated March 5, 1991 (Annual Report on Form 10-K for the fiscal year ended January 31, 1993). 26 Schedule I RIGHTS TO ACQUIRE SHARES ------------------------ As of December 31, 1995 (60 days from November 1, 1995), 919 Reporting Persons have the right to acquire 6,303,457 Shares pursuant to the exercise of options. No Reporting Person individually has options presently exercisable covering more than 1% of the Shares outstanding as of the date hereof. Schedule II RECENT TRANSACTIONS ------------------- During the last 60 days, 72 Reporting Persons sold an aggregate of 621,559 shares at an average price of $88.64 per Share, and/or effected a transfer by gift of an aggregate of 48,285 Shares. Such sales were effected pursuant to exemptions under the Securities Act of 1933, as amended. During such period, no Reporting Person individually disposed of a number of Shares exceeding 1% of the Shares outstanding. During such period, no Reporting Person individually acquired Shares in excess of 1% of the Shares outstanding. 27 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. Date: November 1, 1995 By: /s/ Ralph L. Pellecchio ------------------------- Ralph L. Pellecchio Attorney-in-Fact 28