-----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, DzV9h16oFyzzJgifoWE76qfoI3D+1V6NMAYUeT7sEcweyciC8ygrvtNqYO8Yn+lD fmYmQNnnWNGOloq+N0uECA== 0000910680-04-000157.txt : 20040210 0000910680-04-000157.hdr.sgml : 20040210 20040210165510 ACCESSION NUMBER: 0000910680-04-000157 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040210 GROUP MEMBERS: CARMEL HOLDING CO. GROUP MEMBERS: DTI INVESTMENTS, LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CARMEL TRUST CENTRAL INDEX KEY: 0001079443 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 233 S WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DOLLAR THRIFTY AUTOMOTIVE GROUP INC CENTRAL INDEX KEY: 0001049108 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510] IRS NUMBER: 731356520 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52267 FILM NUMBER: 04582638 BUSINESS ADDRESS: STREET 1: 5330 EAST 31ST STREET CITY: TULSA STATE: OK ZIP: 74135 BUSINESS PHONE: 9186607700 MAIL ADDRESS: STREET 1: 5330 EAST 31ST STREET CITY: TULSA STATE: OK ZIP: 74135 SC 13D/A 1 sc13da-dollar020904.txt SCHEDULE 13D/A (AMENDMENT NO. 4) SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 4) Dollar Thrifty Automotive Group, Inc. ------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------- (Title of Class of Securities) 256743105 --------- (CUSIP Number) Louis Freeman, Esq. Richard Rubin, Esq. Skadden, Arps, Slate, Meagher & Flom Jenkens & Gilchrist Parker Chapin LLP 333 West Wacker Drive 405 Lexington Avenue Chicago, Illinois 60606 New York, New York 10174 312-407-0650 212-704-6130 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 9, 2004 ---------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ] Page 1 of 8 CUSIP No. 256743105 13D - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). The Carmel Trust - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds: N/A - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Governed by the laws of Canada - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares Bene- ------------------------------------------------------ ficially Owned 8. Shared Voting Power 1,238,700 By Each ------------------------------------------------------ Reporting 9. Sole Dispositive Power 0 Person With ------------------------------------------------------ 10. Shared Dispositive Power 1,238,700 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,238,700 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 4.9997% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO - -------------------------------------------------------------------------------- Page 2 of 8 CUSIP No. 256743105 13D - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). DTI Investments, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds: AF - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares Bene- ------------------------------------------------------ ficially Owned 8. Shared Voting Power 153,600 By Each ------------------------------------------------------ Reporting 9. Sole Dispositive Power 0 Person With ------------------------------------------------------ 10. Shared Dispositive Power 153,600 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 153,600 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 0.6% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO - -------------------------------------------------------------------------------- Page 3 of 8 CUSIP No. 256743105 13D - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Carmel Holding Co. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds: AF - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Cayman Islands - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares Bene- ------------------------------------------------------ ficially Owned 8. Shared Voting Power 1,085,100 By Each ------------------------------------------------------ Reporting 9. Sole Dispositive Power 0 Person With ------------------------------------------------------ 10. Shared Dispositive Power 1,085,100 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,085,100 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 4.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 4 of 8 CUSIP No. 256743105 13D PRELIMINARY NOTE This Amendment No. 4 ("Amendment No. 4") amends the original statement on Schedule 13D filed on October 22, 2001 (the "Original Statement"), as amended by Amendment No. 1 filed on October 28, 2002, Amendment No. 2 filed on November 4, 2002 and Amendment No. 3 filed on January 13, 2004 by The Carmel Trust ("Carmel"), DTI Investments, LLC ("DTI") and Carmel Holding Co. ("CHC" and collectively with Carmel and DTI, the "Reporting Persons"). The Original Statement, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3 and this Amendment No. 4, is referred to collectively as the "Statement." Notwithstanding the foregoing, the filing of the Statement should not be deemed an admission that the Reporting Persons comprise a group within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended, and Rule 13d-5 thereunder. This Amendment No. 4 is being filed to, among other things, report that the Reporting Persons have ceased to be the beneficial owners of, in the aggregate, more than five percent of the Common Stock, $.01 par value (the "Common Stock"), of Dollar Thrifty Automotive Group, Inc., a Delaware corporation (the "Company"). This Amendment No. 4 amends Items 5 and 7 of the Statement to read as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) The Reporting Persons may be deemed a group within the meaning of Rule 13d-5 under the Exchange Act and, therefore, each of the Reporting Persons may be deemed to be the beneficial owner, within the meaning of Rule 13d-3 of the Exchange Act, of all the shares beneficially owned by each member of the group, or an aggregate of 1,238,700 shares of Common Stock. This constitutes 4.9997% of the outstanding shares of Common Stock based on the number of such shares outstanding as of October 31, 2003 as reported in the Company's latest quarterly report on Form 10-Q (for the quarter ended September 30, 2003). (b) The following information concerns the nature of each Reporting Person's beneficial ownership of shares of Common Stock:
Sole power to vote or direct Shared power to vote or direct the vote/sole power to dispose the vote/shared power to dispose or direct or direct Name the disposition the disposition - ---- --------------- --------------- The Carmel Trust 0 1,238,700 DTI Investments, LLC 0 153,600 Carmel Holding Co. 0 1,085,100
Page 5 of 8 CUSIP No. 256743105 13D (c) The only transactions in the Common Stock by the Reporting Persons during the 60 day prior to the filing of this Amendment No. 4 were: The following transactions in the Common Stock were effected by CHC during such 60 day period:
Number of Shares Date of ---------------- Transaction Acquired Disposed of Price Nature of Transaction ----------- -------- ----------- ----- --------------------- 12/15/03 0 5,800 $24.677 Open market sale 1/9/04 0 56,000 $27.038 Open market sale 1/12/04 0 13,600 $27.005 Open market sale 1/13/04 0 45,000 $26.806 Open market sale 1/14/04 0 20,000 $26.875 Open market sale 1/15/04 0 36,400 $26.909 Open market sale 1/16/04 0 40,300 $26.940 Open market sale 1/21/04 0 9,000 $26.823 Open market sale 1/26/04 0 15,000 $26.614 Open market sale 1/27/04 0 800 $26.865 Open market sale 2/6/04 0 57,000 $25.420 Open market sale 2/9/04 0 9,000 $25.331 Open market sale
(d) No other person is known to have the right to receive, or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by the Reporting Persons. (e) The Reporting Persons ceased to be the beneficial owners of more than five percent of the Common Stock on February 9, 2004. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. EXHIBIT NO. DESCRIPTION - ----------- ----------- 1 Joint Filing Agreement, dated February 10, 2004, pursuant to Rule 13d-1(k), among the Reporting Persons with respect to their joint filing of Amendment No. 4 to this statement. Page 6 of 8 CUSIP No. 256743105 13D SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 10, 2004. THE CARMEL TRUST By: Chiltern Trustees Limited as Trustee of The Carmel Trust By: /s/ Andrew Taylor --------------------------------------- Name: Andrew Taylor Title: Director DTI INVESTMENTS, LLC By: /s/ Mark S. Hirsch --------------------------------------- Name: Mark S. Hirsch Title: Executive Vice President CARMEL HOLDING CO. By: /s/ Robert Smith --------------------------------------- Name: Robert Smith Title: Chairman Page 7 of 8 CUSIP No. 256743105 13D Exhibit 1 Joint Filing Agreement Pursuant to Rule 13d-1(k)(1) of Regulation 13D-G under the Securities Exchange Act of 1934, as amended, we, the signatories of the statement on Schedule 13D to which this Agreement is an exhibit, do hereby agree that such statement is filed on behalf of each of us. Dated: February 10, 2004. THE CARMEL TRUST By: Chiltern Trustees Limited as Trustee of The Carmel Trust By: /s/ Andrew Taylor --------------------------------------- Name: Andrew Taylor Title: Director DTI INVESTMENTS, LLC By: /s/ Mark S. Hirsch --------------------------------------- Name: Mark S. Hirsch Title: Executive Vice President CARMEL HOLDING CO. By: /s/ Robert Smith --------------------------------------- Name: Robert Smith Title: Chairman Page 8 of 8 -----END PRIVACY-ENHANCED MESSAGE-----