-----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, DEXDqFVH4lVGySgk1csYWPgaNU3n3g0q9u3LLi8r5qRNm2YPc8yUZDVi9a9wOkXJ SA43g06gsV7Of7qOb3ToyQ== 0000950131-97-002964.txt : 19970501 0000950131-97-002964.hdr.sgml : 19970501 ACCESSION NUMBER: 0000950131-97-002964 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970430 SROS: NYSE GROUP MEMBERS: SECURITY CAPITAL GROUP INC/ GROUP MEMBERS: WILLIAM D. SANDERS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SECURITY CAPITAL PACIFIC TRUST CENTRAL INDEX KEY: 0000080737 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 746056896 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-06219 FILM NUMBER: 97592109 BUSINESS ADDRESS: STREET 1: 7777 MARKET CENTER AVE CITY: EL PASO STATE: TX ZIP: 79912 BUSINESS PHONE: 9158773900 MAIL ADDRESS: STREET 1: 7777 MARKET CENTER AVE CITY: EL PASO STATE: TX ZIP: 79912 FORMER COMPANY: FORMER CONFORMED NAME: PROPERTY TRUST OF AMERICA DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: EL PASO REAL ESTATE INVESTMENT TRUST DATE OF NAME CHANGE: 19700108 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SECURITY CAPITAL GROUP INC/ CENTRAL INDEX KEY: 0000923687 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 363692698 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 125 LINCOLN AVE STREET 2: 125 LINCOLN AVENUE CITY: SANTA FE STATE: NM ZIP: 87501 BUSINESS PHONE: 9158773900 MAIL ADDRESS: STREET 1: 125 LINCOLN AVE STREET 2: 125 LINCOLN AVENUE CITY: SANTA FE STATE: NM ZIP: 87501 FORMER COMPANY: FORMER CONFORMED NAME: SECURITY CAPITAL REALTY INC ET AL DATE OF NAME CHANGE: 19940524 SC 13D/A 1 SCHEDULE 13D AMENDMENT #24 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 24) Security Capital Pacific Trust (Name of Issuer) Common Shares of Beneficial Interest, Par Value $1.00 Per Share (Title of Class of Securities) 814141 10 7 (CUSIP Number of Class of Securities) Jeffrey A. Klopf, Secretary Security Capital Group Incorporated 125 Lincoln Avenue Santa Fe, New Mexico 87501 (505) 982-9292 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) CUSIP No. 814141 10 7 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Security Capital Group Incorporated 36-3692698 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[_] (b)[_] 3 SEC USE ONLY 4 SOURCE OF FUNDS 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Maryland NUMBER OF 7 SOLE VOTING POWER SHARES 27,389,833 BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH 9 SOLE DISPOSITIVE POWER REPORTING 27,389,833 PERSON WITH 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,389,833 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.0% 14 TYPE OF REPORTING PERSON CO SCHEDULE 13D This Amendment No. 24 (this "Amendment") is being filed to a Schedule 13D dated March 1, 1990 and filed by Security Capital Group Incorporated, formerly known as Security Capital Realty Incorporated, a Maryland corporation (as successor to Security Capital Realty Investors Incorporated) ("GROUP"), and William D. Sanders, an individual ("Sanders"), on March 2, 1990 and amended on March 5, 1990, March 8, 1990, March 15, 1990, March 19, 1990, March 26, 1990, February 11, 1991, June 10, 1991, June 20, 1991, October 8, 1991, November 8, 1991, December 3, 1991, April 23, 1992, September 8, 1992, September 10, 1992, November 9, 1992, January 18, 1993, February 17, 1993, March 31, 1994, July 12, 1994, August 25, 1994, October 7, 1994, December 6, 1994 and March 23, 1995. ITEM 1. SECURITY AND ISSUER This Amendment relates to common shares of beneficial interest, $1.00 par value per share (the "Common Shares"), of Security Capital Pacific Trust, a Maryland real estate investment trust ("PTR"), the principal executive offices of which are at 7777 Market Center Avenue, El Paso, Texas 79912. ITEM 2. IDENTITY AND BACKGROUND Sanders is hereby removed as a person filing this statement as he does not share voting or dispositive power with respect to the Common Shares owned by GROUP. ITEM 4. PURPOSE OF TRANSACTION GROUP intends to play a major role in the direction of PTR for the purpose of maximizing the value of PTR. Any influence of Sanders on the direction of PTR will be in his capacity as Chairman and Chief Executive Officer of GROUP, and not personally. Therefore, the reference to Sanders intending to play a major role in the direction of PTR for the purpose of maximizing the value of PTR is hereby deleted. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a),(b) The information previously filed which reported Sanders as a beneficial owner of the Shares owned by GROUP and indicated that Sanders may be deemed to beneficially own the Common Shares owned by GROUP, is hereby amended to provide that Sanders does not beneficially own the Common Shares owned by GROUP. Therefore, Sanders currently beneficially owns 9,165 Common Shares (0.01% of all Common Shares), with respect to which he has sole voting and dispositive power, and may be deemed to beneficially own an additional 266,273 Common Shares (0.35% of all Common Shares). Any reference to Sanders intending to play a major role in the direction of PTR for the purpose of maximizing the value of PTR is hereby deleted as described in Item 4. The following table sets forth the beneficial ownership of Shares for each person named in Item 2. Unless otherwise indicated in the footnotes, each such person has sole power to vote or to direct the vote and sole power to dispose or direct the disposition of such Shares.
Number of Shares Beneficially Percent of Person Owned (1)(2) All Shares (1)(2) - ------ ---------------- ----------------- Security Capital Group Incorporated 27,389,833 (3) 36.0% Samuel W. Bodman 0 * Hermann Buerger 0 * John P. Frazee, Jr. (4) 7,637 * Cyrus F. Freidheim, Jr. 3,055 * H. Laurance Fuller (5) 610 *
Ray L. Hunt (6) 390,404 * John T. Kelley, III 16,835 * William D. Sanders (7) 287,938 * Peter S. Willmott 15,327 * C. Ronald Blankenship (8) 34,385 * Thomas G. Wattles (9) 8,750 * David C. Dressler (10) 6,611 * K. Dane Brooksher 611 *
* Less than 1% (1) Assumes that (i) no Common Shares are issued pursuant to the rights offering being conducted pursuant to the Merger and Issuance Agreement dated as of March 24, 1997 between PTR and GROUP (the "Merger Agreement") and (ii) GROUP receives Common Shares pursuant to the Merger Agreement. (2) For each person who owns options or warrants that are exercisable within 60 days, the calculation of the percentage ownership assumes that only that person has exercised all of his options or warrants and that no other person has exercised any outstanding options or warrants. (3) These Common Shares are owned of record by SC Realty Incorporated, a wholly owned subsidiary of GROUP, and are pledged to secure a $300 million revolving line of credit facility with a syndicate of banks. As of April 25, 1997, there were $22 million of borrowings outstanding under the line of credit. The line of credit is also secured by securities owned indirectly by GROUP of Security Capital Industrial Trust, Security Capital Atlantic Incorporated, Homestead Village Incorporated and Security Capital U.S. Realty, an entity based in Luxembourg that is affiliated with GROUP and which invests in real estate operating companies in the United States. GROUP estimates that the aggregate market value of the pledged securities exceeded $2.9 billion as of March 31, 1997. GROUP was in compliance with all covenants under the line of credit as of March 31, 1997. (4) Common Shares are held in an IRA account. (5) Includes 305 Common Shares held by Mr. Fuller's children. (6) Includes 917 Common Shares held by a family trust for which Mr. Hunt is trustee, 2,748 Common Shares for which Mr. Hunt shares direct or indirect beneficial ownership pursuant to powers of attorney, 15,275 Common Shares held by a family limited partnership of which a corporation that Mr. Hunt owns is the general partner and 9l6 Common Shares held by a corporation that Mr. Hunt owns. Excludes 916 Common Shares that Mr. Hunt's wife owns as a separate property and 111,800 Common Shares held by Hunt Financial Corporation, as to which Mr. Hunt disclaims beneficial ownership. (7) Includes 74,188 Common Shares and 9,165 Common Shares held by partnerships and 12,500 Common Shares held by the Sanders Foundation. (8) Includes 13,791 Common Shares owned by a corporation of which Mr. Blankenship is a controlling shareholder. (9) Common Shares are held in an IRA account. (10) Includes 3,611 Common Shares held in trust accounts for which Mr. Dressler is trustee. (c) No transactions in Shares were effected in the past sixty days by the persons listed in the above table. (e) As described above, Sanders has ceased to be a beneficial owner of more than five percent of the Shares and is therefore being removed as a person filing this statement. SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: April 30, 1997 SECURITY CAPITAL GROUP INCORPORATED By:/s/ Jeffrey A. Klopf -------------------- Name: Jeffrey A. Klopf Title: Secretary /s/ William D. Sanders ---------------------- William D. Sanders
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