-----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, Ig8EFrgMe1GmBibB2DQnO+Mwdou9MZaQWdTDztr9bffvpWnTTtsf8NUmhC6f5W8O /N2Ymk4eYhitBzIk7wS7Qg== 0000950127-02-001163.txt : 20021121 0000950127-02-001163.hdr.sgml : 20021121 20021121172039 ACCESSION NUMBER: 0000950127-02-001163 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021121 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STRAYER EDUCATION INC CENTRAL INDEX KEY: 0001013934 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 521975978 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48233 FILM NUMBER: 02836539 BUSINESS ADDRESS: STREET 1: 1025 15TH STREET NW CITY: WASHINGTON STATE: DC ZIP: 20005 BUSINESS PHONE: 2024082400 MAIL ADDRESS: STREET 1: 1025 15TH STREET NW CITY: WASHINGTON STATE: DC ZIP: 20005 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DB CAPITAL PARTNERS INC CENTRAL INDEX KEY: 0001115035 IRS NUMBER: 132725387 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 130 LIBERTY STREET 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10006 BUSINESS PHONE: 2122508199 MAIL ADDRESS: STREET 1: 130 LIBERTY STREET 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10006 SC 13D/A 1 a969605_13da.txt AMENDMENT NO. 4 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________ SCHEDULE 13D/A (Amendment No. 4) Under the Securities Exchange Act of 1934 Strayer Education, Inc. ----------------------------- (Name of Issuer) Common Stock, $0.01 par value --------------------------------------- (Title of Class of Securities) 863236105 --------- (CUSIP Number) Charles Ayres with copies to: DB Capital Partners, Inc. Oliver C. Brahmst, Esq. 31 West 52nd Street White & Case LLP 26th Floor 1155 Avenue of the Americas New York, NY 10019 New York, NY 10036 646-324-2416 212-819-8200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 20, 2002 ------------------------------ (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(e), 13d(f) or 13d-1(g), check the following box |_|. ------------------------ SCHEDULE 13D/A CUSIP No. 863236105 Page 2 of 11 Pages - -------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Taunus Corporation* I.R.S. Identification No. 13-4060471 - -------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------- --------------------------------------------------------------------- 3 SEC USE ONLY - -------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - -------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) or 2(e) - -------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - ----------------------------------- ------- ---------------------------------- NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER OWNED BY EACH REPORTING PERSON 6,615 WITH ------- ---------------------------------- 8 SHARED VOTING POWER 4,758,456 ------- ---------------------------------- 9 SOLE DISPOSITIVE POWER 6,615 ------- ---------------------------------- 10 SHARED DISPOSITIVE POWER 1,046,640 - -------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,765,071 - -------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.1% - -------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------- -------------------------------------------------------------------- * In accordance with Release No. 34-39538 (January 12, 1998), this filing reflects the securities beneficially owned by Taunus Corporation, a holding company that is a wholly owned subsidiary of Deutsche Bank A.G. Taunus Corporation is a separate operating unit of Deutsche Bank A.G. This filing does not reflect securities beneficially owned by any other business unit of Deutsche Bank A.G., and Taunus Corporation expressly disclaims beneficial ownership of any such securities. SCHEDULE 13D/A CUSIP No. 863236105 Page 3 of 11 Pages - -------- ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DB Capital Partners, Inc. I.R.S. Identification No. 13-2725387 - -------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------- -------------------------------------------------------------------- 3 SEC USE ONLY - -------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - -------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) or 2(e) - -------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - ----------------------------------- ------- --------------------------------- NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER OWNED BY EACH REPORTING PERSON 0 WITH ------- --------------------------------- 8 SHARED VOTING POWER 4,758,456 ------- --------------------------------- 9 SOLE DISPOSITIVE POWER 0 ------- --------------------------------- 10 SHARED DISPOSITIVE POWER 1,046,640 - -------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,758,456 - -------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0% - -------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------- -------------------------------------------------------------------- SCHEDULE 13D/A CUSIP No. 863236105 Page 4 of 11 Pages - -------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DB Capital Partners, L.P. I.R.S. Identification No. 52-2046858 - -------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (b) / / - -------- -------------------------------------------------------------------- 3 SEC USE ONLY - -------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - -------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / / PURSUANT TO ITEMS 2(d) or 2(e) - -------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - ----------------------------------- ------- --------------------------------- NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER OWNED BY EACH REPORTING PERSON 0 WITH ------- --------------------------------- 8 SHARED VOTING POWER 4,758,456 ------- --------------------------------- 9 SOLE DISPOSITIVE POWER 0 ------- --------------------------------- 10 SHARED DISPOSITIVE POWER 1,046,640 - -------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,758,456 - -------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0% - -------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------- -------------------------------------------------------------------- SCHEDULE 13D/A CUSIP No. 863236105 Page 5 of 11 Pages - -------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DB Capital Investors, L.P. I.R.S. Identification No. 52-2046859 - -------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/ (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 State of Delaware - ----------------------------------- ------- ----------------------------------- NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER OWNED BY EACH REPORTING PERSON 0 WITH ------- ----------------------------------- 8 SHARED VOTING POWER 4,758,456 ------- ----------------------------------- 9 SOLE DISPOSITIVE POWER 0 ------- ----------------------------------- 10 SHARED DISPOSITIVE POWER 1,046,640 - -------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,758,456 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0% - -------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------- ---------------------------------------------------------------------- SCHEDULE 13D/A CUSIP No. 863236105 Page 6 of 11 Pages SCHEDULE 13D/A Strayer Education, Inc. This Amendment No. 4 amends and supplements the Schedule 13D filed on March 26, 2001 (Schedule 13D), as amended by Amendment No. 1 to Schedule 13D filed on May 21, 2001 ("Amendment No. 1"), Amendment No. 2 to Schedule 13D filed on October 9, 2002 ("Amendment No. 2") and as further amended by Amendment No. 3 to Schedule 13D filed on November 15, 2002, relating to the shares of common stock, $0.01 par value per share ("Common Stock"), of Strayer Education, Inc., a Maryland corporation (the "Company"), the principal executive offices of which are located at 1025 15th Street, N.W. Washington D.C. 20005. Terms not otherwise defined herein shall have the respective meaning given to such terms in the Schedule 13D, Amendment No. 1, Amendment No. 2 or Amendment No. 3, as applicable. Item 4. Purpose of the Transaction Item 4 is amended and supplemented by inserting the following before the second to last paragraph thereof: "On November 20, 2002, pursuant to the Underwriting Agreement, the Underwriters purchased 1,700,000 shares of Common Stock beneficially owned by New Mountain and 600,000 shares of Common Stock beneficially owned by DBCI (including full exercise of the Underwriters' over-allotment option) at the Offering Price, less the Underwriting Discount." Item 5. Interest in Securities of the Issuer The response to this item is deleted in its entirety and replaced by the following: "(a) As of the date of this Amendment No. 4, DBCI's beneficial ownership of 4,758,456 shares of Common Stock (3,758,456 shares of Common Stock issuable upon conversion of the same number of Preferred Stock, which includes dividends declared on the Preferred Stock through October 1, 2002, and 1,000,000 shares of Common Stock issuable upon exercise of the Option) constitutes beneficial ownership of approximately 33.0% of the total number of shares of outstanding Common Stock (including Common Stock issued upon conversion of Preferred Stock in connection with the Offering). Each of Taunus, DBCP Inc. and DBCP L.P. may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by DBCI. In addition, Taunus may be deemed to be the beneficial owner of 6,615 shares of Common Stock owned by Deutsche Bank Securities Inc. ("DBSI") (formerly known as Deutsche Banc Alex. Brown Inc.), a wholly-owned subsidiary of Taunus, which, when aggregated with the 4,758,456 shares of Common Stock which Taunus may be deemed to beneficially own as a result of the beneficial ownership by DBCI, constitutes beneficial ownership by Taunus of approximately 33.1% of the total number of the shares of outstanding Common Stock. The Reporting Persons and New Mountain may be deemed to comprise a group as a result of certain provisions contained in the Shareholder's Agreement pertaining to the voting of directors and the disposition of shares of the Preferred Stock or Common Stock issued upon SCHEDULE 13D/A CUSIP No. 863236105 Page 7 of 11 Pages conversion of the Preferred Stock and the Letter Agreement pertaining to the voting of the directors. The Reporting Persons hereby disclaim beneficial ownership of the Common Stock issuable upon the conversion of the Preferred Stock and purchasable pursuant to the Option to the extent owned by New Mountain. (b) Each of the Reporting Persons has the shared power to vote or direct the vote with New Mountain of 4,758,456 shares of Common Stock and each of Reporting Persons has the shared power to dispose or to direct the disposition with New Mountain of 1,046,640 shares of Common Stock. DBSI has the sole power to vote or direct the vote of and to dispose or direct the disposition of 6,615 shares of Common Stock. (c) Within the past 60 days, DBSI, in the ordinary course of business and for its own account, made the following transactions with regard to the Company's Common Stock: (i) On November 14, 2002, purchased 200 shares of Common Stock at a price of $53.80 per share of Common Stock; (ii) On November 14, 2002, purchased 100 shares of Common Stock at a price of $53.90 per share of Common Stock; and (iii) On November 14, 2002, purchased 100 shares of Common Stock at a price of $53.91 per share of Common Stock. Except as described above, during the past sixty days, none of DBCI, DBCP L.P., DBCP Inc. nor Taunus, nor to the best knowledge of DBCI, DBCP L.P., DBCP Inc. and Taunus, any of the persons set forth on Schedule I, has effected any transactions in shares of Common Stock. (d) Not applicable. (e) Not applicable." SCHEDULE 13D/A CUSIP No. 863236105 Page 8 of 11 Pages 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: November 21, 2002 TAUNUS CORPORATION By: /s/ James T. Byrne, Jr. -------------------------- Name: James T. Byrne, Jr. Title: Secretary SCHEDULE 13D/A CUSIP No. 863236105 Page 9 of 11 Pages 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: November 21, 2002 DB CAPITAL PARTNERS, INC. By: /s/ Charles Ayres -------------------------- Name: Charles Ayres Title: Managing Director SCHEDULE 13D/A CUSIP No. 863236105 Page 10 of 11 Pages 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: November 21, 2002 DB CAPITAL PARTNERS, L.P. By: DB CAPITAL PARTNERS, INC., its General Partner By: /s/ Charles Ayres -------------------------- Name: Charles Ayres Title: Managing Director SCHEDULE 13D/A CUSIP No. 863236105 Page 11 of 11 Pages 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: November 21, 2002 DB CAPITAL INVESTORS, L.P. By: DB CAPITAL PARTNERS, L.P. its General Partner By: DB CAPITAL PARTNERS, INC., its General Partner By: /s/ Charles Ayres -------------------------- Name: Charles Ayres Title: Managing Director -----END PRIVACY-ENHANCED MESSAGE-----