-----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, LuVwH9/Ehidbp1ihybYrFNUwXPqeSu/PQ0AxzJNqRy2Oy3FQQM737xiHprcmIbyW qCxVOr26eexl/r1QIC2ifA== 0000941655-98-000012.txt : 19980803 0000941655-98-000012.hdr.sgml : 19980803 ACCESSION NUMBER: 0000941655-98-000012 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980729 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INLAND STEEL INDUSTRIES INC /DE/ CENTRAL INDEX KEY: 0000790528 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 363425828 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-37208 FILM NUMBER: 98673064 BUSINESS ADDRESS: STREET 1: 30 W MONROE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3123460300 MAIL ADDRESS: STREET 1: 30 WEST MONROE STREET STREET 2: 16TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60603 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OZ MANAGEMENT LLC CENTRAL INDEX KEY: 0001054587 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 153 EAST 53RD STREET, 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122925900 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Inland Steel Industries, Inc. ----------------------------------------- (Name of Issuer) Common Stock, $1.00 par value ----------------------------------------- (Title of Class of Securities) 457472-108 ----------------------------------------- (CUSIP Number) July 24, 1998 ----------------------------------------- (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-(c) [ ] Rule 13d-1(d) *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 the disclosures provided in a prior cover page. The information required in 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 (however, see the Notes). PAGE CUSIP No. 457472-108 1 NAME OF REPORTING PERSON I.R.S. Identification No. of above person (entities only). OZ Management, L.L.C. 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 Shares 6 SHARED VOTING POWER 2,563,000 Shares 7 SOLE DISPOSITIVE POWER 0 Shares 8 SHARED DISPOSITIVE POWER 2,563,000 Shares 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,563,000 Shares 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.2% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO/IA PAGE CUSIP No. 457472-108 1 NAME OF REPORTING PERSON I.R.S. Identification No. of above person (entities only). OZ Master Fund, Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 Shares 6 SHARED VOTING POWER 2,053,300 Shares 7 SOLE DISPOSITIVE POWER 0 Shares 8 SHARED DISPOSITIVE POWER 2,053,300 Shares 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,053,300 Shares 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.2% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO PAGE CUSIP No. 457472-108 1 NAME OF REPORTING PERSON I.R.S. Identification No. of above person (entities only). Ziff Asset Management, 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 Shares 6 SHARED VOTING POWER 509,700 Shares 7 SOLE DISPOSITIVE POWER 0 Shares 8 SHARED DISPOSITIVE POWER 509,700 Shares 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 509,700 Shares 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN PAGE Item 1(a) Name of issuer: Inland Steel Industries, Inc., a Delaware corporation (the "Company"). Item 1(b) Address of issuer's principal executive offices: 30 W. Monroe Street, Chicago, Illinois 60603. Item 2(a) Name of person filing: This statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) OZ Management, L.L.C., a Delaware limited liability company ("OZ Management"); ii) OZ Master Fund, Ltd., a Cayman Islands exempted limited company ("OZ Master Fund"); iv) Ziff Asset Management, L.P., a Delaware limited partnership ("Ziff Asset Management"). This Statement relates to shares of Common Stock of the Company ("Shares") held for the accounts of OZ Master Fund, Ltd. and Ziff Asset Management, L.P. OZ Management serves as principal investment manager to OZ Master Fund and as such, has been granted investment discretion over portfolio investments, including the Shares, held for the account of OZ Master Fund. OZ Management also exercises shared voting and investment authority over the portfolio investments, including the Shares, of an investment account of Ziff Asset Management. Mr. Daniel S. Och is the managing member of OZ Management, and may be deemed to control such entities and therefore, indirectly, the Shares reported hereby. 2(b) Address or principal business office or, if none, residence: The address of the principal business office of OZ Management is 153 East 53rd Street, 44th Floor, New York, New York 10022. The address of the principal business office of OZ Master Fund is c/o Goldman Sachs (Cayman) Trust, Limited, P.O. Box 896, Harbour Centre, Second Floor, North Church Street, George Town, Grand Cayman, Cayman Islands, B.W.I. The address of the principal business office of Ziff Asset Management is 156 Greenwich Avenue, Unit 2A, Greenwich, Connecticut 06830. 2(c) Citizenship: i) OZ Management is a Delaware limited liability company. ii) OZ Master Fund is a Cayman Islands exempted limited company. iii) Ziff Asset Management is a Delaware limited partnership. 2(d) Title of class of securities: Common Stock 2(e) CUSIP No.: 457472-108 Item 3. If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under section 8 of the Investment Company Act. (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [x] Item 4. Ownership See cover page for each Reporting Person. Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Ownership of More than 5 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. Certifications 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 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: July 29, 1998 OZ MANAGEMENT, L.L.C. By: /s/ Daniel S. Och -------------------------------- Name: Daniel S. Och Title: Managing Member Dated: July 29, 1998 OZ MASTER FUND, LTD. By: OZ MANAGEMENT, L.L.C. as Investment Manager By: /s/ Daniel S. Och ---------------------------------- Name: Daniel S. Och Title: Managing Member Dated: July 29, 1998 ZIFF ASSET MANAGEMENT, L.P. By: PBK Holdings, Inc. as General Partner By: /s/ Mark A. Beaudoin ----------------------------------- Name: Mark A. Beaudoin Title: Treasurer PAGE EX-99 2 EXHIBIT [A] - JOINT FILING AGREEMENT EXHIBIT A JOINT FILING AGREEMENT Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto, and any filing on Schedule 13D relating to the same investment) with respect to the shares of common stock, par value $1.00 per share, of Inland Steel Industries, Inc., and further agree that this Joint Filing Agreement be included as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement. Dated: July 29, 1998 OZ MANAGEMENT, L.L.C. By: /s/ Daniel S. Och -------------------------------- Name: Daniel S. Och Title: Managing Member Dated: July 29, 1998 OZ MASTER FUND, LTD. By: OZ MANAGEMENT, L.L.C. as Investment Manager By: /s/ Daniel S. Och ---------------------------------- Name: Daniel S. Och Title: Managing Member Dated: July 29, 1998 ZIFF ASSET MANAGEMENT, L.P. By: PBK Holdings, Inc. as General Partner By: /s/ Mark A. Beaudoin ----------------------------------- Name: Mark A. Beaudoin Title: Treasurer -----END PRIVACY-ENHANCED MESSAGE-----