-----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, NCIoAZfgnFAwjT9L4nI9KS3lS3kBgTa3PLQwyZ0B42QLAoYxh1oYme8EGsYhvAXO CXdHzAsy0lVTFuS3okGR8g== 0000898318-95-000008.txt : 19951215 0000898318-95-000008.hdr.sgml : 19951215 ACCESSION NUMBER: 0000898318-95-000008 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19951214 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST FINANCIAL FUND INC CENTRAL INDEX KEY: 0000790202 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133341573 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39548 FILM NUMBER: 95601703 BUSINESS ADDRESS: STREET 1: 199 WATER ST CITY: NEW YORK STATE: NY ZIP: 10292 BUSINESS PHONE: 2122141250 MAIL ADDRESS: STREET 1: ONE SEAPORT PLAZA CITY: NEW YORK STATE: NY ZIP: 10292 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SAVINGS & BANKING INSTITUTIONS FUND INC DATE OF NAME CHANGE: 19860402 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TIGER MANAGEMENT CORP CENTRAL INDEX KEY: 0000903754 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 101 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10178 BUSINESS PHONE: 212-984-2500 SC 13D/A 1 SCHEDULE 13D - FINAL AMENDMENT SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment Number 13) First Financial Fund, Inc. __________________ (Name of Issuer) Common Stock, $.10 par value _______________________ (Title of Class of Securities) 320-228-10-9 (CUSIP Number) John A. Griffin Tiger Management Corporation 101 Park Avenue New York, NY 10178 212-984-2500 ___________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 11, 1995 ______________ (Date of Event which Required 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 [ ]. 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 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. Page 1 of 14 CUSIP No. 320-228-10-9 Schedule 13D 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS: Tiger Management Corporation 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] 3 SEC USE ONLY: 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER: 2,883,502 8 SHARED VOTING POWER -0- 9 SOLE DISPOSITIVE POWER 2,883,502 10 SHARED DISPOSITIVE POWER -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,883,502 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 20.1% 14 TYPE OF REPORTING PERSON: IA CO Page 2 of 14 ITEM 2. IDENTITY AND BACKGROUND This Amendment No. 13 is filed by Tiger Management Corporation ("TMC") to amend Item 5 of this Schedule 13D as previously amended with respect to the holdings of the Common Stock (the "Shares") of First Financial Fund, Inc. (the "Issuer"). As previously filed, this schedule reflected separately the positions of TMC and its advisees, including Tiger (the "Partnership"). In the future, TMC, a registered investment adviser, will report its position, including the position of the Partnership and any of its other advisees, by amendment to the Schedule 13G initially filed by TMC on July 16, 1992, and no further amendments to this Schedule 13D will be filed. A copy of the most recent amendment to TMC's Schedule 13G is attached as Exhibit 1. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) and (b) The aggregate number and percentage of Shares beneficially owned by TMC (including the amount attributed to the Partnership in prior filings) is set forth below. The percentage below is based upon 14,322,000 Shares outstanding as of September 30, 1995, as reported on the Issuer's most recently filed Form N-SAR-A. The 2,883,502 Shares beneficially owned by TMC includes 1,894,530 Shares, held for the benefit of the Partnership. Person Named Number of Shares Percentage of in Response to Item 2 Beneficially Owned Outstanding Shares - --------------------- ------------------ ------------------ TMC 2,883,502 20.1 Page 3 of 14 (c) On January 18, 1995, TMC acquired 327,137 Shares from the Issuer as a stock dividend. Within the past 60 days TMC has disposed of Shares in open market sales effected on the New York Stock Exchange on the days and at the prices set forth on Exhibit 2, attached hereto and incorporated by reference. (d) The Partnership has the right to receive or the power to direct the receipt of dividends from, or the proceeds of the sale of more than 5% of the Shares reported on this amendment. 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. December 13, 1995 TIGER MANAGEMENT CORPORATION By: /s/ Nolan Altman Nolan Altman Chief Financial Officer Page 4 of 14 EX-1 2 EXHIBIT 1 TO SCHEDULE 13D/A EXHIBIT 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.4) ______________ First Financial Fund, Inc. __________________ (Name of Issuer) Common Stock $0.10 par value _______________________ (Title of Class of Securities) 320-228-10-9 __________ (CUSIP Number) Check the following box if a fee is being paid with this statement [ ]. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act . 1 Page 5 of 14 CUSIP No. 320-228-10-9 1 NAME OF REPORTING PERSONS AND S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS: Tiger Management Corporation 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER: -0- 6 SHARED VOTING POWER: 2,535,727 7 SOLE DISPOSITIVE POWER: -0- 8 SHARED DISPOSITIVE POWER: 2,535,727 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,535,727 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 22.5% 12 TYPE OF REPORTING PERSON: IA CO 2 Page 6 of 14 CUSIP No. 320-228-10-9 1 NAME OF REPORTING PERSONS AND S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS: Panther Partners L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER: -0- 6 SHARED VOTING POWER: 54,900 7 SOLE DISPOSITIVE POWER: -0- 8 SHARED DISPOSITIVE POWER: 54,900 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 54,900 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0.5% 12 TYPE OF REPORTING PERSON: IV PN 3 Page 7 of 14 CUSIP No. 320-228-10-9 1 NAME OF REPORTING PERSONS AND S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS: Panther Management Company L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER: -0- 6 SHARED VOTING POWER: 54,900 7 SOLE DISPOSITIVE POWER: -0- 8 SHARED DISPOSITIVE POWER: 54,900 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 305,700 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0.5% 12 TYPE OF REPORTING PERSON: IA PN 4 Page 8 of 14 CUSIP No. 320-228-10-9 1 NAME OF REPORTING PERSONS AND S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS: Julian H. Robertson, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: U.S. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER: 11,104 6 SHARED VOTING POWER: 2,590,627 7 SOLE DISPOSITIVE POWER: 11,104 8 SHARED DISPOSITIVE POWER: 2,590,627 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,601,731 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 23.1% 12 TYPE OF REPORTING PERSON: IN 5 Page 9 of 14 Item 1(a). First Financial Fund, Inc. Item 1(b). One Seaport Plaza, New York, New York 10292 Item 2(a). This statement is filed on behalf of Tiger Management Corporation ("TMC"), Panther Partners L.P. ("Panther") and Panther Management Company L.P. ("PMCLP") Julian H. Robertson, Jr. ("Mr. Robertson") is the ultimate controlling person of TMC and PMCLP. Item 2(b). The address of each reporting person is 101 Park Avenue, New York, NY 10178 Item 2(c). TMC is a Delaware corporation. Each of Panther and PMCLP is a Delaware limited partnership. Mr. Robertson is a U.S. citizen. Item 2(d). Common Stock $0.10 par value Item 2(e). 320-228-10-9 Item 3. Panther is an investment company registered under Section 8 of the Investment Company Act. Each of TMC and PMCLP is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Item 4. Ownership as of December 31, 1994 is incorporated by reference to items (5) - (9) and (11) of the cover page pertaining to each reporting person. Item 5. Not applicable Item 6. Other persons are known to have the right to receive dividends from, or proceeds from the sale of, such securities. The interest of one such person, Tiger, a New York limited partnership, is more than 5%. Item 7. Not Applicable Item 8. Not Applicable. Item 9. Not Applicable. 6 Page 10 of 14 Item 10. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 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. February 13, 1995 TIGER MANAGEMENT CORPORATION BY: /s/ Nolan Altman Nolan Altman, Chief Financial Officer PANTHER PARTNERS L.P. By: Panther Management Company L.P. its General Partner By: Panther Management Corporation its General Partner By: /s/ Nolan Altman Nolan Altman, Chief Financial Officer PANTHER MANAGEMENT COMPANY L.P. By: Panther Management Corporation, its General Partner By: /s/ Nolan Altman Nolan Altman, Chief Financial Officer JULIAN H. ROBERTSON, JR. By: /s/ Nolan Altman Nolan Altman, Under Power of Attorney Dated: January 27, 1995, Attached Exhibit 7 Page 11 of 14 EXHIBIT A AGREEMENT The undersigned agree that this Amendment Number 4 to Schedule 13G dated February 13, 1995 relating to shares of common stock of First Financial Fund, Inc. shall be filed on behalf of each of the undersigned. TIGER MANAGEMENT CORPORATION BY: /s/ Nolan Altman Nolan Altman, Chief Financial Officer PANTHER PARTNERS L.P. By: Panther Management Company L.P. its General Partner By: Panther Management Corporation its General Partner By: /s/ Nolan Altman Nolan Altman, Chief Financial Officer PANTHER MANAGEMENT COMPANY L.P. By: Panther Management Corporation, its General Partner By: /s/ Nolan Altman Nolan Altman, Chief Financial Officer JULIAN H. ROBERTSON, JR. By: /s/ Nolan Altman Nolan Altman, Under Power of Attorney Dated: January 27, 1995, Attached Exhibit 8 Page 12 of 14 EXHIBIT B POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears below constitutes and appoints Nolan T. Altman and Robert E. Fink and each of them, to act severally as attorneys-in-fact and agents for the undersigned solely for the purpose of executing reports required under Sections 13 and 16 of the Securities and Exchange Commission Act of 1934, and filing the same, with exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, thereby ratifying and confirming all that said attorneys-in-fact may do or cause to be done by virtue hereof. /s/ Julian H. Robertson, Jr. Julian H. Robertson, Jr. Dated: January 27, 1995 Page 13 of 14 EX-2 3 EXHIBIT 2 TO SCHEDULE 13D/A EXHIBIT 2 DISPOSITIONS WITHIN THE PAST 60 DAYS Date Share Sold $ Price ------ ------------- -------- Nov. 29 10,000 13.15 30 18,300 13.15 Dec. 1 15,900 13.00 4 20,300 13.00 5 4,500 13.00 6 27,700 13.00 8 2,000 13.00 11 90,000 13.00 Page 14 of 14 -----END PRIVACY-ENHANCED MESSAGE-----