-----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, CpEiwW/pWEflJJKS2aVVHCvMY6pc3srm4y3IYKk36QOhLceSwZkESY9pMrKIMcj8 DjJJj1tRRCUOQgx/zFTeDw== 0000927016-02-005897.txt : 20021213 0000927016-02-005897.hdr.sgml : 20021213 20021213145728 ACCESSION NUMBER: 0000927016-02-005897 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021213 GROUP MEMBERS: HIGHFIELDS CAPITAL LTD GROUP MEMBERS: HIGHFIELDS GP LLC GROUP MEMBERS: JONATHON S. JACOBSON GROUP MEMBERS: RICHARD L. GRUBMAN FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHFIELDS CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001079563 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 200 CLARENDON STREET 51ST FLOOR CITY: BOSTON STATE: MA ZIP: 02117 BUSINESS PHONE: 6178507500 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STILWELL FINANCIAL INC CENTRAL INDEX KEY: 0001065865 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 431804048 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60963 FILM NUMBER: 02856983 BUSINESS ADDRESS: STREET 1: 920 MAIN STREET 21ST FLOOR CITY: KANSAS CITY STATE: MO ZIP: 64105 BUSINESS PHONE: 8162182400 MAIL ADDRESS: STREET 1: 920 MAIN STREET 21ST FLOOR CITY: KANSAS CITY STATE: MO ZIP: 64105 FORMER COMPANY: FORMER CONFORMED NAME: FAM HOLDINGS INC DATE OF NAME CHANGE: 19980710 SC 13D/A 1 dsc13da.txt AMENDMENT #3 TO SCHEDULE 13-D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A (Amendment No. 3) Under the Securities Exchange Act of 1934 STILWELL FINANCIAL, INC. (Name of issuer) Common Stock, $0.01 Par Value Per Share (Title of class of securities) 860831106 ---------- (CUSIP number) Joseph F. Mazzella, General Counsel Louis Goodman, Esquire Highfields Capital Management LP Skadden, Arps, Slate, Meagher & Flom LLP 200 Clarendon Street One Beacon Street Boston, MA 02116 Boston, MA 02108 (617) 850-7500 (617) 573-4800 (Name, address and telephone number of person authorized to receive notices and communications) December 13, 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 that 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 [_]. (Continued on the following pages) (Page 1 of 12 Pages) * 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 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. - ------------------------ ------------------------ CUSIP No. 860831106 13D/A Page 2 of 12 pages - ------------------------ ------------------------ - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Highfields Capital Management LP - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - -------------------------------------------------------------------------------- SOLE VOTING POWER 7 NUMBER OF 17,847,587 SHARES ------------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 17,847,587 PERSON ------------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 17,847,587 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 8.0% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 PN - -------------------------------------------------------------------------------- - ------------------------ ------------------------ CUSIP No. 860831106 13D/A Page 3 of 12 pages - ------------------------ ------------------------ - -------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Highfields GP LLC - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 AF - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - -------------------------------------------------------------------------------- SOLE VOTING POWER 7 NUMBER OF 17,847,587 SHARES ------------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 17,847,587 PERSON ------------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 17,847,587 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 8.0% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 OO - -------------------------------------------------------------------------------- - ------------------------ ------------------------ CUSIP No. 860831106 13D/A Page 4 of 12 pages - ------------------------ ------------------------ - ------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Highfields Capital Ltd. - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS 4 WC - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Cayman Islands, B.W.I. - -------------------------------------------------------------------------------- SOLE VOTING POWER 7 NUMBER OF 11,237,139 SHARES ------------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 11,237,139 PERSON ------------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,237,139 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [-] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.1% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 CO - -------------------------------------------------------------------------------- - ------------------------ ------------------------ CUSIP No. 860831106 13D/A Page 5 of 12 pages - ------------------------ ------------------------ - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Jonathon S. Jacobson - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 17,847,587 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 17,847,587 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 17,847,587 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 8.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN - ------------------------------------------------------------------------------ - ------------------------ ------------------------ CUSIP No. 860831106 13D/A Page 6 of 12 pages - ------------------------ ------------------------ - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS. Richard L. Grubman - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 17,847,587 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY None ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 17,847,587 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 17,847,587 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 8.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN - ------------------------------------------------------------------------------ - ------------------------ ------------------------ CUSIP No. 860831106 13D/A Page 7 of 12 pages - ------------------------ ------------------------ This Amendment No. 3 to Schedule 13D ("Amendment No. 3") amends and supplements the Statement on Schedule 13D, filed on November 7, 2002, by Highfields Capital Management LP, Highfields GP LLC, Highfields Capital Ltd., Jonathon S. Jacobson and Richard L. Grubman, as amended on November 25, 2002, and December 2, 2002 (the "Schedule 13D"). This Amendment No. 3 is being filed to supplement and amend Items 3 and 5 hereof. Except as herein supplemented or amended, all other information in the Schedule 13D is as set forth therein. All capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. The aggregate purchase price of the 2,391,933 Shares owned by Highfields I was $30,958,350.00, inclusive of brokerage commissions. The aggregate purchase price of the 4,218,515 Shares owned by Highfields II was $54,367,050.41, inclusive of brokerage commissions. The aggregate purchase price of the 11,237,139 Shares owned by Highfields Ltd. was $143,550,959.75, inclusive of brokerage commissions. Each of Highfields I, Highfields II and Highfields Ltd. used its own assets to purchase such Shares, which may at any given time include funds borrowed in the ordinary course in their margin accounts. Item 5. Interest in Securities of Issuer. (a) and (b) As of the time of this filing, Highfields I, Highfields II and Highfields Ltd. owned beneficially 2,391,933, 4,218,515 and 11,237,139 Shares, respectively, representing approximately 1.1%, 1.9% and 5.1%, respectively, of the 222,479,320 Shares outstanding as reported in publicly available information. As of the time of this filing, Highfields Capital Management, in its capacity as investment manager of the Funds, had sole voting and dispositive power with respect to all 17,847,587 Shares owned beneficially by the Funds, representing approximately 8.0% of the 222,479,320 Shares outstanding as reported in publicly available information. As of the time of this filing, Highfields GP, through its control of Highfields Capital Management, had sole voting and dispositive power with respect to all 17,847,587 Shares owned beneficially by Highfields Capital Management, representing approximately 8.0% of the 222,479,320 Shares outstanding as reported in publicly available information. ---------------------- ------------------------ CUSIP No. 860831106 13D/A Page 8 of 12 pages - ------------------------ ------------------------ As of the time of this filing, Mr. Jacobson, in his capacity of a Managing Member of Highfields GP and Managing Director of Highfields Capital Management, had sole voting and dispositive power with respect to all 17,847,587 Shares owned beneficially by Highfields GP, representing approximately 8.0% of the 222,479,320 Shares outstanding as reported in publicly available information. As of the time of this filing, Mr. Grubman, in his capacity of a Managing Member of Highfields GP and Managing Director of Highfields Capital Management, had sole voting and dispositive power with respect to all 17,847,587 Shares owned beneficially by Highfields GP, representing approximately 8.0% of the 222,479,320 Shares outstanding as reported in publicly available information. (c) Information with respect to all transactions in the Shares beneficially owned by the Reporting Persons which were effected during the past sixty days is set forth in Schedule A attached hereto and incorporated herein by reference. (d) None. (e) Not applicable. Item 7. Material to be Filed as Exhibits. None. ----------------------- ------------------------ CUSIP No. 860831106 13D/A Page 9 of 12 pages - ------------------------ ------------------------ SIGNATURES After reasonable inquiry and to the best of his, her or its knowledge and belief, each of the persons signing below certifies that the information set forth in this statement is true, complete and correct. Date: December 13, 2002 HIGHFIELDS CAPITAL MANAGEMENT LP By: Highfields GP LLC, its General Partner /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory --------------------------------------------- Name/Title HIGHFIELDS GP LLC /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory --------------------------------------------- Name/Title HIGHFIELDS CAPITAL LTD. By: Highfields Capital Management LP, its Investment Manager By: Highfields GP LLC, its General Partner /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory --------------------------------------------- Name/Title JONATHON S. JACOBSON /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Attorney-in-fact --------------------------------------------- Name/Title RICHARD L. GRUBMAN /s/ Kenneth H. Colburn --------------------------------------------- Signature Kenneth H. Colburn, Attorney-in-fact --------------------------------------------- Name/Title - ------------------------ --------------------- CUSIP No. 860831106 13D/A Page 10 of 12 pages - ------------------------ --------------------- Schedule A INFORMATION WITH RESPECT TO TRANSACTIONS OF SHARES BY HIGHFIELDS I DURING THE PAST SIXTY DAYS Number of Shares Date Purchased/(Sold)(1) Price Per Share(2) ---- ------------------- ------------------ 12/06/02 52,491 13.36 12/06/02 23,860 13.35 12/06/02 50,169 13.37 12/06/02 31,813 13.37 12/06/02 31,813 13.37 12/09/02 31,813 13.07 12/09/02 55,768 13.07 12/09/02 63,625 13.07 12/10/02 31,813 13.03 12/10/02 39,766 13.03 12/10/02 15,906 13.21 12/10/02 31,813 13.08 12/10/02 40,498 13.08 12/10/02 31,813 13.08 12/11/02 140,000 13.18 12/11/02 144,500 13.18 12/11/02 50,000 13.00 12/11/02 90,000 13.19 (1) All purchases/sales were effected through open market or privately negotiated transactions. (2) Prices per Share do not include brokerage commissions. - ------------------------ --------------------- CUSIP No. 860831106 13D/A Page 11 of 12 pages - ------------------------ --------------------- INFORMATION WITH RESPECT TO TRANSACTIONS OF SHARES BY HIGHFIELDS II DURING THE PAST SIXTY DAYS Number of Shares Date Purchased/(Sold)(1) Price Per Share(2) ---- ------------------- ------------------ 12/06/02 112,509 13.36 12/06/02 51,140 13.35 12/06/02 107,531 13.37 12/06/02 68,187 13.37 12/06/02 68,187 13.37 12/09/02 68,187 13.07 12/09/02 119,532 13.07 12/09/02 136,375 13.07 12/10/02 68,187 13.08 12/10/02 34,094 13.21 12/10/02 86,802 13.08 12/10/02 68,187 13.03 12/10/02 85,234 13.03 12/10/02 68,187 13.08 (1) All purchases/sales were effected through open market or privately negotiated transactions. (2) Prices per Share do not include brokerage commissions. - ------------------------ --------------------- CUSIP No. 860831106 13D/A Page 12 of 12 pages - ------------------------ --------------------- INFORMATION WITH RESPECT TO TRANSACTIONS OF SHARES BY HIGHFIELDS LTD. DURING THE PAST SIXTY DAYS Number of Shares Date Purchased/(Sold)(1) Price Per Share(2) ---- ------------------- ------------------ 12/13/02 16,300 13.55 12/13/02 114,189 13.77 (1) All purchases/sales were effected through open market or privately negotiated transactions. (2) Prices per Share do not include brokerage commissions. -----END PRIVACY-ENHANCED MESSAGE-----