-----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, L6lTX6hPTWcHBPuyUA6djHC8L8WBgEwdnwKT2d4LGrnJktnZZQ8gBBdjmfxjRAF1 nFmp03X/n+LcvIMnwSGltw== 0000895345-02-000266.txt : 20020514 0000895345-02-000266.hdr.sgml : 20020514 ACCESSION NUMBER: 0000895345-02-000266 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020514 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED AUTO GROUP INC CENTRAL INDEX KEY: 0001019849 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 223086739 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49667 FILM NUMBER: 02645582 BUSINESS ADDRESS: STREET 1: 13400 OUTER DRIVE WEST CITY: DETROIT STATE: MI ZIP: 48239 BUSINESS PHONE: 3135927311 MAIL ADDRESS: STREET 1: 13400 OUTER DRIVE WEST CITY: DETROIT STATE: MI ZIP: 48239 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PENSKE CAPITAL PARTNERS LLC CENTRAL INDEX KEY: 0001084569 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122079640 MAIL ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 vj13da_penske.txt SCHEDULE 13D (AMENDMENT #13) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 13)* United Auto Group, Inc. - ------------------------------------------------------------------------------ (Name of Issuer) Common Stock (Par Value $ 0.0001 Per Share) Common Stock (Par Value $ 0.0001 Per Share) Issuable Upon Conversion of Series B Preferred Stock and Non Voting Common Stock (Par Value $0.0001 Per Share) - ------------------------------------------------------------------------------ (Title of Class of Securities) 909440 10 9 - ------------------------------------------------------------------------------ (CUSIP Number) Valerie Ford Jacob, Esq. Fried, Frank, Harris, Shriver & Jacobson One New York Plaza New York, NY 10004 212-859-8000 - ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) May 2, 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-1(f) or 13d-1(g), check the following box |_|. *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 disclosures provided in a prior cover page. 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 (however, see the Notes). SCHEDULE 13D CUSIP No. 909440 10 9 - ---------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON INTERNATIONAL MOTOR CARS GROUP I, L.L.C. - ---------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - ---------- ------------------------------------------------------------------ 3 SEC USE ONLY - ---------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS NOT APPLICABLE - ---------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| NOT APPLICABLE - ---------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------- -------- ------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 9,485,740 SHARES -------- ------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 -------- ------------------------------------------ 9 SOLE DISPOSITIVE POWER EACH 9,485,740 REPORTING -------- ------------------------------------------ PERSON 10 SHARED DISPOSITIVE POWER WITH 0 - ---------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,106,135 - ---------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ---------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 55.0% - ---------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO - ---------- ------------------------------------------------------------------ SCHEDULE 13D CUSIP No. 909440 10 9 - ---------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON INTERNATIONAL MOTOR CARS GROUP II, L.L.C. - ---------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - ---------- ------------------------------------------------------------------ 3 SEC USE ONLY - ---------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS NOT APPLICABLE - ---------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| NOT APPLICABLE - ---------- ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------- -------- ------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 3,231,857 SHARES -------- ------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 -------- ------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 3,231,857 REPORTING -------- ------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 0 - ---------- ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,106,135 - ---------- ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ---------- ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 55.0% - ---------- ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ---------- ------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 909440 10 9 - ---------- ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PENSKE CAPITAL PARTNERS, L.L.C. - ---------- ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - ---------- ------------------------------------------------------------------- 3 SEC USE ONLY - ---------- ------------------------------------------------------------------- 4 SOURCE OF FUNDS NOT APPLICABLE - ---------- ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| NOT APPLICABLE - ---------- ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------- -------- ------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 12,717,597 SHARES -------- ------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 -------- ------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 363,400 REPORTING -------- ------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 12,354,197 - ---------- ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,106,135 - ---------- ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ---------- ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 55.0% - ---------- ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ---------- ------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 909440 10 9 - ---------- ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JAMES A. HISLOP - ---------- ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - ---------- ------------------------------------------------------------------- 3 SEC USE ONLY - ---------- ------------------------------------------------------------------- 4 SOURCE OF FUNDS NOT APPLICABLE - ---------- ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| NOT APPLICABLE - ---------- ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ------------------------- -------- ------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 50,000 SHARES -------- ------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 12,717,597 -------- ------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 50,000 REPORTING -------- ------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 12,717,597 - ---------- ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,106,135 - ---------- ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ---------- ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 55.0% - ---------- ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ---------- ------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 909440 10 9 - ---------- ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ROGER S. PENSKE - ---------- ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - ---------- ------------------------------------------------------------------- 3 SEC USE ONLY - ---------- ------------------------------------------------------------------- 4 SOURCE OF FUNDS NOT APPLICABLE - ---------- ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| NOT APPLICABLE - ---------- ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ------------------------- -------- ------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 441,667 SHARES -------- ------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 22,614,468 -------- ------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 441,667 REPORTING -------- ------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 22,614,468 - ---------- ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,106,135 - ---------- ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ---------- ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 55.0% - ---------- ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ---------- ------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 909440 10 9 - ---------- ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PENSKE CORPORATION - ---------- ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ---------- ------------------------------------------------------------------- 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) |_| NOT APPLICABLE - ---------- ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------- -------- ------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 9,896,871 SHARES -------- ------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 -------- ------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 9,896,871 REPORTING -------- ------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 5,863,678 - ---------- ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,106,135 - ---------- ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ---------- ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 55.0% - ---------- ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ---------- ------------------------------------------------------------------- This Amendment No. 13 ("Amendment") amends and supplements the Schedule 13D filed on behalf of International Motor Cars Group I, L.L.C., a Delaware limited liability company ("IMCG I"), International Motor Cars Group II, L.L.C., a Delaware limited liability company ("IMCG II" and together with IMCG I, the "Purchasers"), Penske Capital Partners, L.L.C., a Delaware limited liability company ("PCP"), Penske Corporation, a Delaware corporation ("Penske Corporation"), Roger S. Penske and James A. Hislop (all such persons, the "Reporting Persons") with the Securities and Exchange Commission on April 22, 1999, as amended by Amendment No. 1 filed on May 3, 1999, Amendment No. 2 filed on August 5, 1999, Amendment No. 3 filed on February 9, 2000, Amendment No. 4 filed on September 12, 2000, Amendment No. 5 filed on October 26, 2000, Amendment No. 6 filed on December 18, 2000, Amendment No. 7 filed on December 26, 2000, Amendment No. 8 filed on February 14, 2001, Amendment No. 9 filed on March 6, 2001, Amendment No. 10 filed on August 7, 2001, Amendment No. 11 filed on March 1, 2002, and Amendment No. 12 filed on March 27, 2002 (the "Schedule 13D"), relating to the Voting Common Stock, par value $0.0001 per share (the "Voting Common Stock"), of United Auto Group, Inc., a Delaware corporation (the "Company"). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D. The Schedule 13D is hereby amended and supplemented as follows: ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER. The Reporting Persons were advised by the Company that as of May 13, 2002 there were 39,831,582 shares of Voting Common Stock outstanding (not including any securities convertible into Voting Common Stock). (a) On May 2, 2002, in accordance with the Certificate of Designation of the Series A Preferred Stock, (x) IMCG I converted 5,450.106 shares of Series A Preferred Stock owned of record by it and acquired direct ownership of the 5,570,160 shares of Voting Common Stock (which includes 120,054 shares of Voting Common Stock received in lieu of cash dividends accrued on the outstanding shares of Series A Preferred Stock since December 31, 2001) and (y) IMCG II converted 1,431.340 shares of Series A Preferred Stock owned of record by it and acquired direct ownership of 1,462,869 shares of Voting Common Stock (which includes 31,529 shares of Voting Common Stock received in lieu of cash dividends accrued on the outstanding shares of Series A Preferred Stock since December 31, 2001). As of May 2, 2002, as a result of the transactions previously reported on this Schedule 13D and the accrual of 14,287 shares of Non-Voting Common Stock to be received in lieu of cash dividends accrued on the outstanding shares of Series B Preferred Stock since December 31, 2001, if, and only if, the Series B Preferred Stock is converted prior to the payment of the accrued cash dividends, the Reporting Persons may be deemed to be the beneficial owners of an aggregate of 23,106,135 shares of Voting Common Stock, which constitutes approximately 55.0% of the 42,022,237 shares of Voting Common Stock deemed to be outstanding for this purpose. The 42,022,237 shares deemed to be outstanding was determined by adding the 39,831,582 shares of Voting Common Stock outstanding as of May 13, 2002 to the 2,190,655 shares of Voting Common Stock into which the securities reported as beneficially owned by the Reporting Persons are convertible. As of May 2, 2002, taking into account only those securities held by the Reporting Persons that are currently outstanding and have voting rights, the Reporting Persons held approximately 52.5% of the voting power with respect to matters coming before the holders of the Voting Common Stock. (b) As of May 2, 2002, assuming the conversion into Voting Common Stock of the Series B Preferred Stock and the shares of Non-Voting Common Stock, IMCG I has the sole power to direct the vote of 9,485,740 shares of Voting Common Stock, and IMCG II has the sole power to direct the vote of 3,231,857 shares of Voting Common Stock, in each case subject to certain restrictions contained in the Restated Stockholders Agreement. PCP has the sole power to direct the vote of 12,717,597 shares of Voting Common Stock. Penske Corporation has the sole power to direct the vote of 9,896,871 shares of Voting Common Stock. Roger S. Penske has the sole power to direct the vote of 20,000 shares of Voting Common Stock, and, upon (x) the exercise of the Second Closing Options, (y) the exercise of a portion of an option (such portion covering 16,667 shares of Voting Common Stock) previously granted to Roger S. Penske, which portion vested in part on January 14, 2001 and in part on January 14, 2002, and (z) the exercise of a portion of an option (such portion covering 5,000 shares of Voting Common Stock) previously granted to Roger S. Penske, which portion vested on February 28, 2002, Roger S. Penske will have the sole power to direct the vote of an aggregate of 441,667 shares of Voting Common Stock and shared power to direct the vote of 22,614,468 shares of Voting Common Stock. James A. Hislop has the sole power to direct the vote of 50,000 shares of Voting Common Stock and shared power to direct the vote of 12,717,597 shares of Voting Common Stock. As of May 2, 2002, subject to certain restrictions contained in the IMCG I Letter Agreement and the IMCG II Letter Agreement, as applicable: o IMCG I has the sole power to direct the disposition of 9,485,740 shares of Voting Common Stock, o IMCG II has the sole power to direct the disposition of 3,231,857 shares of Voting Common Stock, o Penske Corporation has the sole power to direct the disposition of 9,896,871 shares of Voting Common Stock and the shared power to direct the disposition of 5,863,678 shares of Voting Common Stock, o PCP has the sole power to direct the disposition of 363,400 shares of Voting Common Stock and the shared power to direct the disposition of 12,354,197 shares of Voting Common Stock, o Roger S. Penske has the sole power to direct the disposition of 20,000 shares of Voting Common Stock, and, upon (x) the exercise of the Second Closing Options, (y) the exercise of portions of an option (such portion covering 16,667 shares of Voting Common Stock) previously granted to Roger S. Penske, which portion vested in part on January 14, 2001 and January 14, 2000, respectively and (z) the exercise of a portion of an option (such portion covering 5,000 shares of Voting Common Stock) previously granted to Roger S. Penske, which portion vested on February 28, 2002, Roger S. Penske will have the sole power to direct the disposition of an aggregate of 441,667 shares of Voting Common Stock and the shared power to direct the disposition of 22,614,468 shares of Voting Common Stock, and o James A. Hislop has the sole power to direct the disposition of 50,000 shares of Voting Common Stock and the shared power to direct the disposition of 12,717,597 shares of Voting Common Stock. Except as described herein, none of the Reporting Persons have effected any transactions in the Voting Common Stock since March 27, 2002, the date of filing of the twelfth amendment to this Schedule 13D. 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. May 13, 2002 INTERNATIONAL MOTOR CARS GROUP I, L.L.C. By: PENSKE CAPITAL PARTNERS, L.L.C. Its Managing Member By: /s/ James A. Hislop ------------------------ James A. Hislop President 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. May 13, 2002 INTERNATIONAL MOTOR CARS GROUP II, L.L.C. By: PENSKE CAPITAL PARTNERS, L.L.C. Its Managing Member By: /s/ James A. Hislop ------------------------ James A. Hislop President 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. May 13, 2002 PENSKE CAPITAL PARTNERS, L.L.C. By: /s/ James A. Hislop ------------------------ James A. Hislop President 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. May 13, 2002 /s/ James A. Hislop ----------------------------------- James A. Hislop 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. May 13, 2002 /s/ Roger S. Penske ----------------------------------- Roger S. Penske 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. May 13, 2002 PENSKE CORPORATION By:/s/ Robert Kurnick ---------------------------------- Name: Robert Kurnick Title: Executive Vice President -----END PRIVACY-ENHANCED MESSAGE-----