0001104659-13-053848.txt : 20130710 0001104659-13-053848.hdr.sgml : 20130710 20130710163524 ACCESSION NUMBER: 0001104659-13-053848 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20130710 DATE AS OF CHANGE: 20130710 GROUP MEMBERS: BILL & MELINDA GATES FOUNDATION TRUST GROUP MEMBERS: MELINDA FRENCH GATES GROUP MEMBERS: WILLIAM H. GATES III SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE HATHAWAY INC CENTRAL INDEX KEY: 0001067983 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 470813844 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55113 FILM NUMBER: 13962168 BUSINESS ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 BUSINESS PHONE: 4023461400 MAIL ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 FORMER COMPANY: FORMER CONFORMED NAME: NBH INC DATE OF NAME CHANGE: 19980810 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CASCADE INVESTMENT LLC CENTRAL INDEX KEY: 0001052192 IRS NUMBER: 911680459 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2365 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 BUSINESS PHONE: 4258030720 MAIL ADDRESS: STREET 1: 2365 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 SC 13D/A 1 a13-16392_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 16)*

 

Berkshire Hathaway Inc.

(Name of Issuer)

 

Class B common stock, $0.0033 Par Value

(Title of Class of Securities)

 

084670702

(CUSIP Number)

 

Mike Rodden, Esq.

Rumei Mistry, Esq.

2365 Carillon Point

Kirkland, WA  98033

(425) 889-7900

(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)

 

July 8, 2013

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* 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).

 



 

CUSIP No. 084670702

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

Cascade Investment, L.L.C.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
State of Washington

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
6,075,000(1)

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
6,075,000(1)

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
6,075,000(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.5%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


(1) Cascade Investment, L.L.C. (“Cascade”) holds 4,050 shares of Berkshire Hathaway Inc. (the “Issuer”) Class A common stock (“Class A Shares”), each of which is convertible, at the option of the holder, into 1,500 shares of the Issuer’s Class B common stock (“Class B Shares”).  The number of Class B Shares above assumes the conversion of the 4,050 Class A Shares held by Cascade into 6,075,000 Class B Shares.  All shares of common stock held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.

 

2



 

CUSIP No. 084670702

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

Bill & Melinda Gates Foundation Trust

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
State of Washington

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
91,649,304(1)

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
91,649,304(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
91,649,304(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
8.1%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


(1) For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, all common stock beneficially owned by Bill & Melinda Gates Foundation Trust (the “Trust”) may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates, as Co-Trustees of the Trust.

 

3



 

CUSIP No. 084670702

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

William H. Gates III

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC, OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
6,525,000(1)

 

8.

Shared Voting Power
91,649,304(2)

 

9.

Sole Dispositive Power
6,525,000(1)

 

10.

Shared Dispositive Power
91,649,304(2)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
98,174,304(1)(2)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
8.7%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


(1) William H. Gates III beneficially owns 300 shares of Berkshire Hathaway Inc. (the “Issuer”) Class A common stock (“Class A Shares”) directly and an additional 4,050 Class A Shares through Cascade Investment, L.L.C. (“Cascade”), a limited liability company solely owned by Mr. Gates.  Each Class A Share is convertible, at the option of the holder, into 1,500 shares of the Issuer’s Class B common stock (“Class B Shares”).  The number of Class B Shares shown above assumes the conversion of the 300 Class A Shares held directly by Mr. Gates into 450,000 Class B Shares and the conversion of the 4,050 Class A Shares held by Cascade into 6,075,000 Class B Shares.

 

(2) Bill & Melinda Gates Foundation Trust (the “Trust”) beneficially owns 91,649,304 shares of the Issuer’s Class B Shares.  For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, all Class B Shares beneficially owned by the Trust may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates, as Co-Trustees of the Trust.

 

4



 

CUSIP No. 084670702

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

Melinda French Gates

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
91,649,304(1)

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
91,649,304(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
91,649,304(1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
8.1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


(1) Bill & Melinda Gates Foundation Trust (the “Trust”) beneficially owns 91,649,304 shares of Berkshire Hathaway Inc. Class B common stock (“Class B Shares”).  For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, all Class B Shares beneficially owned by the Trust may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates, as Co-Trustees of the Trust.

 

5



 

EXPLANATORY STATEMENT

 

This Amendment No. 16 to Schedule 13D (“Amendment”) relates to the Class B common stock, $0.0033 Par Value (“Class B Shares”) of Berkshire Hathaway Inc. (the “Issuer”).  Cascade Investment, L.L.C. (“Cascade”), Bill & Melinda Gates Foundation Trust (the “Trust”), William H. Gates III and Melinda French Gates (collectively, the “Reporting Persons”) jointly file this Amendment to amend and supplement the Items set forth below of the Reporting Persons’ Schedule 13D previously filed with the Securities and Exchange Commission on August 24, 2006, as amended on July 17, 2007, March 20, 2008, July 3, 2008, March 6, 2009, July 2, 2009, March 2, 2010, March 19, 2010, July 2, 2010, November 12, 2010, March 18, 2011, July 7, 2011, January 13, 2012, July 6, 2012, November 19, 2012 and March 28, 2013.

 

Item 5.

Interest in Securities of the Issuer.

(a)           See Items 11 and 13 of the cover pages to this Amendment for the aggregate number and percentage of Class B Shares beneficially owned by each of the Reporting Persons.

 

(b)           See Items 7 through 10 of the cover pages to this Amendment for the number of Class B Shares beneficially owned by each of the Reporting Persons as to which there is sole or shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition.

 

(c)           During the period May 9 through July 8, 2013, the Trust sold 3,908,500 Class B Shares, as set forth in Exhibit 99.1 hereto, pursuant to the Trust’s Rule 10b5-1 sales plan.  The sales were made to facilitate compliance with federal excise tax rules limiting excess business holdings by private foundations.

 

On July 8, 2013, the Trust received 17,458,431 Class B Shares as a gift from Warren E. Buffett.  The closing price per share of Class B Shares on July 8, 2013 was $115.01.

 

(d)           None.

 

(e)           Not applicable.

 

Item 7.

Material to be Filed as Exhibits

Exhibit 99.1          Sale transactions during the period May 9 through July 8, 2013

 

6



 

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.

 

Date:   July 10, 2013

 

 

 

CASCADE INVESTMENT, L.L.C.(1)

 

 

By:

*

 

 

 

Name:

Alan Heuberger(2)

 

 

 

Title:

Attorney-in-fact for Michael Larson, Business Manager(3)

 

 

 

 

 

 

BILL & MELINDA GATES FOUNDATION TRUST(1)

 

 

By:

*

 

 

 

Name:

Alan Heuberger(4)

 

 

 

Title:

Attorney-in-fact for each of the Co-Trustees, William H. Gates III and Melinda French Gates

 

 

 

 

 

 

WILLIAM H. GATES III(1)

 

 

By:

*

 

 

 

Name:

Alan Heuberger(4)(5)

 

 

 

Title:

Attorney-in-fact

 

 

 

 

 

 

MELINDA FRENCH GATES(1)

 

 

By:

*

 

 

 

Name:

Alan Heuberger(4)

 

 

 

Title:

Attorney-in-fact

 

 

 

 

 

*By:

/s/ Alan Heuberger

 

 

Alan Heuberger

 


(1)This Amendment is being filed jointly by the Reporting Persons pursuant to the Joint Filing Agreement dated August 24, 2006 and included with the signature page to the Reporting Persons’ Schedule 13D with respect to the Issuer filed on August 24, 2006, SEC File No. 005-55113, and incorporated by reference herein.

 

(2)Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated August 12, 2008, by and on behalf of Michael Larson, filed as Exhibit 99.1 to Amendment No. 1 to Cascade’s Schedule 13D with respect to Otter Tail Corporation on April 15, 2009, SEC File No. 005-06638 and incorporated by reference herein.

 

(3) Michael Larson is the chief investment officer to William H. Gates III and the Business Manager of Cascade.  He is responsible for all of Mr. Gates’ non-Microsoft investments as well as all of the investments of the Bill & Melinda Gates Foundation Trust.

 

(4)Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated August 12, 2008, by and on behalf of William H. Gates III and Melinda French Gates as Co-Trustees, filed as Exhibit 99.5 to Cascade’s Schedule 13D with respect to Grupo Televisa, S.A.B. on May 7, 2009, SEC File No. 005-60431 and incorporated by reference herein.

 

(5)Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated August 12, 2008, by and on behalf of William H. Gates III, filed as Exhibit 99.2 to Amendment No. 1 to Cascade’s Schedule 13D with respect to Otter Tail Corporation on April 15, 2009, SEC File No. 005-06638 and incorporated by reference herein.

 

7


EX-99.1 2 a13-16392_1ex99d1.htm EX-99.1

Exhibit 99.1

 

The table below specifies the date, quantity, weighted-average sale price and range of price per share of Class B common stock of Berkshire Hathaway Inc. sold by Bill & Melinda Gates Foundation Trust (the “Trust”) during the period May 9 through July 8, 2013.  The Trust undertakes to provide upon request by the staff of the Securities and Exchange Commission full information regarding the number of shares sold at each separate price.  All of the transactions were effected on the New York Stock Exchange or through Electronic Communication Networks.

 

Date of Transaction

 

Number of Shares of
Common Stock Sold

 

Weighted-Average
Price Paid Per Share
($)

 

Range of Price Paid Per
Share ($)

 

7/8/2013

 

78,100

 

115.3064

 

114.8050 - 115.6800

 

7/5/2013

 

32,934

 

113.8616

 

113.3200 - 114.3100

 

7/5/2013

 

45,166

 

114.4920

 

114.3200 - 114.7150

 

7/3/2013

 

78,100

 

112.4273

 

111.8500 - 112.7100

 

7/2/2013

 

72,900

 

112.4574

 

112.1050 - 113.1000

 

7/2/2013

 

5,200

 

113.2160

 

113.1050 - 113.3200

 

7/1/2013

 

78,100

 

113.2580

 

112.8300 - 113.7300

 

6/28/2013

 

98,400

 

112.2608

 

111.7000 - 112.6700

 

6/27/2013

 

98,500

 

113.2023

 

112.9500 - 113.6900

 

6/26/2013

 

88,792

 

112.9539

 

112.3000 - 113.2950

 

6/26/2013

 

9,708

 

113.3688

 

113.3000 - 113.4900

 

6/25/2013

 

69,524

 

111.6657

 

110.9300 - 111.9200

 

6/25/2013

 

28,976

 

112.1192

 

111.9300 - 112.2800

 

6/24/2013

 

17,150

 

110.2417

 

109.5950 - 110.5900

 

6/24/2013

 

72,179

 

111.0621

 

110.5950 - 111.5900

 

6/24/2013

 

9,171

 

111.7283

 

111.6000 - 111.9200

 

6/21/2013

 

24,881

 

111.9359

 

111.3050 - 112.3000

 

6/21/2013

 

72,719

 

112.5262

 

112.3050 - 112.8500

 

6/20/2013

 

29,640

 

111.4761

 

110.8800 - 111.8700

 

6/20/2013

 

51,956

 

112.4651

 

111.8800 - 112.8700

 

6/20/2013

 

16,004

 

113.3710

 

112.8800 - 113.8400

 

6/19/2013

 

49,297

 

114.5346

 

113.9100 - 114.9000

 

6/19/2013

 

48,303

 

115.1555

 

114.9100 - 115.6100

 

6/18/2013

 

97,600

 

115.1085

 

114.8600 - 115.5500

 

6/17/2013

 

51,966

 

114.4953

 

113.8450 - 114.8400

 

6/17/2013

 

45,634

 

115.2102

 

114.8450 - 115.5500

 

6/14/2013

 

97,600

 

114.2855

 

113.9900 - 114.9800

 

6/13/2013

 

39,720

 

113.0028

 

112.4750 - 113.4700

 

6/13/2013

 

40,303

 

113.9911

 

113.4900 - 114.4700

 

6/13/2013

 

17,577

 

114.8286

 

114.5000 - 115.0400

 

6/12/2013

 

91,820

 

112.9773

 

112.6600 - 113.6550

 

6/12/2013

 

5,780

 

113.8916

 

113.6600 - 114.1500

 

6/11/2013

 

97,600

 

113.8355

 

113.3300 - 114.2700

 

6/10/2013

 

97,600

 

115.1119

 

114.8400 - 115.6500

 

6/7/2013

 

84,231

 

114.4405

 

113.9400 - 114.9350

 

6/7/2013

 

13,369

 

115.2385

 

114.9400 - 115.4750

 

6/6/2013

 

73,400

 

111.9266

 

111.3900 - 112.3850

 

6/6/2013

 

24,200

 

112.6059

 

112.3900 - 113.0000

 

6/5/2013

 

95,100

 

111.5400

 

111.0900 - 112.0700

 

6/5/2013

 

2,500

 

112.7318

 

112.0950 - 113.0600

 

6/4/2013

 

97,600

 

113.4240

 

112.9200 - 113.8300

 

6/3/2013

 

97,000

 

113.5303

 

113.0400 - 114.0300

 

6/3/2013

 

600

 

114.0608

 

114.0500 - 114.0700

 

5/31/2013

 

97,600

 

114.5014

 

113.9300 - 114.8200

 

5/30/2013

 

97,600

 

114.7154

 

114.4250 - 114.9800

 

5/29/2013

 

46,845

 

112.2001

 

111.7500 - 112.7400

 

5/29/2013

 

50,755

 

113.0803

 

112.7500 - 113.3000

 

5/28/2013

 

97,600

 

112.1508

 

111.7900 - 112.4800

 

5/24/2013

 

97,600

 

110.5285

 

109.9800 - 110.7000

 

5/23/2013

 

27,630

 

110.1412

 

109.5800 - 110.5600

 

5/23/2013

 

67,970

 

111.2224

 

110.5950 - 111.5700

 

5/23/2013

 

2,000

 

111.6075

 

111.5800 - 111.6600

 

5/22/2013

 

31,641

 

111.6525

 

111.1200 - 112.1150

 

5/22/2013

 

52,124

 

112.7492

 

112.1200 - 113.1150

 

5/22/2013

 

13,835

 

113.1997

 

113.1200 - 113.4400

 

5/21/2013

 

97,600

 

112.8201

 

112.6050 - 113.2100

 

5/20/2013

 

97,600

 

113.1000

 

112.9050 - 113.5200

 

5/17/2013

 

96,200

 

112.5179

 

112.0200 - 113.0150

 

5/17/2013

 

1,400

 

113.0450

 

113.0200 - 113.0900

 

5/16/2013

 

97,600

 

111.7799

 

111.2600 - 112.2100

 

5/15/2013

 

97,600

 

112.6308

 

112.2400 - 112.9700

 

5/14/2013

 

97,600

 

112.4030

 

112.0400 - 112.6800

 

5/13/2013

 

97,600

 

111.8325

 

111.4250 - 112.3000

 

5/10/2013

 

97,600

 

111.4167

 

111.0600 - 111.8100

 

5/9/2013

 

97,600

 

110.7942

 

110.3600 - 111.3400