0001104659-13-090170.txt : 20131213 0001104659-13-090170.hdr.sgml : 20131213 20131213163508 ACCESSION NUMBER: 0001104659-13-090170 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20131213 DATE AS OF CHANGE: 20131213 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: 131276553 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 a13-26030_3sc13da.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. 17)*

 

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)

 

December 11, 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
83,056,704(1)

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
83,056,704(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
83,056,704(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)
7.1%

 

 

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
83,056,704(2)

 

9.

Sole Dispositive Power
6,525,000(1)

 

10.

Shared Dispositive Power
83,056,704(2)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
89,581,704(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)
7.7%

 

 

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 83,056,704 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
83,056,704(1)

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
83,056,704(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
83,056,704(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)
7.1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


(1) Bill & Melinda Gates Foundation Trust (the “Trust”) beneficially owns 83,056,704 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. 17 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, March 28, 2013 and July 10, 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 October 14 through December 11, 2013, the Trust sold 3,358,300 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.

 

(d)            None.

 

(e)            Not applicable.

 

Item 7.

Material to be Filed as Exhibits.

Exhibit 99.1    Sale transactions during the period October 14 through December 11, 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:   December 13, 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 October 12, 2013, by and on behalf of Michael Larson, filed as Exhibit 99.1 to Amendment No. 9 to Cascade’s Schedule 13D with respect to Western Asset/Claymore Inflation-Linked Opportunities & Income Fund on December 11, 2013, SEC File No. 005-81261, 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 a13-26030_3ex99d1.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 October 14 through December 11, 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 ($)

 

12/11/2013

 

77,000

 

114.7450

 

114.2800 - 115.2500

 

12/11/2013

 

1,100

 

115.7111

 

115.7100 - 115.7150

 

12/10/2013

 

72,890

 

116.0202

 

115.6300 - 116.6200

 

12/10/2013

 

5,210

 

116.8321

 

116.6300 - 117.0700

 

12/9/2013

 

78,100

 

117.2027

 

116.8600 - 117.4500

 

12/6/2013

 

78,100

 

116.1662

 

115.7600 - 116.5800

 

12/5/2013

 

78,100

 

115.1014

 

114.8900 - 115.5300

 

12/4/2013

 

78,100

 

115.2503

 

114.5800 - 115.5600

 

12/3/2013

 

78,100

 

114.4608

 

114.0650 - 115.0000

 

12/2/2013

 

48,180

 

115.6135

 

115.1300 - 116.1250

 

12/2/2013

 

29,920

 

116.3189

 

116.1300 - 116.5500

 

11/29/2013

 

78,100

 

116.6680

 

116.1300 - 116.9700

 

11/27/2013

 

78,100

 

116.4910

 

115.9700 - 116.9200

 

11/26/2013

 

75,221

 

116.5474

 

115.8100 - 116.8050

 

11/26/2013

 

2,879

 

116.8164

 

116.8100 - 116.8300

 

11/25/2013

 

55,815

 

115.8821

 

115.4000 - 116.3900

 

11/25/2013

 

22,285

 

116.7294

 

116.4000 - 117.2300

 

11/22/2013

 

78,100

 

117.0911

 

116.7600 - 117.3100

 

11/21/2013

 

33,497

 

115.8923

 

115.1900 - 116.1850

 

11/21/2013

 

44,603

 

116.3137

 

116.1900 - 116.4600

 

11/20/2013

 

67,092

 

115.0572

 

114.5600 - 115.5550

 

11/20/2013

 

11,008

 

115.6082

 

115.5600 - 115.7700

 

11/19/2013

 

78,100

 

115.7446

 

115.4900 - 116.1600

 

11/18/2013

 

78,100

 

116.0697

 

115.7050 - 116.4500

 

11/15/2013

 

78,100

 

115.9537

 

115.3500 - 116.1900

 

11/14/2013

 

78,100

 

115.3426

 

114.7300 - 115.6600

 

11/13/2013

 

78,100

 

114.5143

 

114.0150 - 114.8600

 

11/12/2013

 

69,905

 

114.2276

 

114.0200 - 115.0100

 

11/12/2013

 

8,195

 

115.1359

 

115.0200 - 115.2400

 

11/11/2013

 

78,100

 

115.4876

 

115.2800 - 115.8900

 

11/8/2013

 

9,200

 

114.3650

 

113.8000 - 114.7700

 

11/8/2013

 

68,800

 

115.2586

 

114.8100 - 115.7900

 

11/8/2013

 

100

 

115.8000

 

115.8000 - 115.8000

 

11/7/2013

 

56,288

 

114.3962

 

113.9200 - 114.9150

 

11/7/2013

 

21,812

 

115.0696

 

114.9200 - 115.3300

 

11/6/2013

 

78,100

 

114.9060

 

114.6000 - 115.1000

 

11/5/2013

 

78,100

 

114.7680

 

114.3500 - 115.0900

 

11/4/2013

 

77,000

 

114.7681

 

114.5150 - 115.3550

 

11/4/2013

 

1,100

 

115.7041

 

115.7000 - 115.7200

 

11/1/2013

 

78,100

 

115.3835

 

114.9850 - 115.8900

 

10/31/2013

 

78,100

 

115.6348

 

115.3800 - 115.9300

 

10/30/2013

 

70,395

 

116.7830

 

116.3800 - 117.3700

 

10/30/2013

 

7,705

 

117.5109

 

117.3800 - 117.5700

 

10/29/2013

 

78,100

 

116.9476

 

116.7700 - 117.2550

 

10/28/2013

 

78,100

 

116.9082

 

116.6700 - 117.1300

 

10/25/2013

 

78,100

 

116.7618

 

116.5250 - 117.0800

 

10/24/2013

 

78,100

 

116.8387

 

116.6150 - 117.3100

 

10/23/2013

 

78,100

 

116.5578

 

116.3300 - 117.1600

 

10/22/2013

 

78,100

 

117.4079

 

117.0450 - 117.6050

 

10/21/2013

 

78,100

 

116.7163

 

116.4300 - 116.8500

 

10/18/2013

 

78,100

 

117.0363

 

116.8100 - 117.4250

 

10/17/2013

 

78,100

 

116.7481

 

116.4300 - 117.2500

 

10/16/2013

 

16,240

 

115.8803

 

115.0950 - 116.0900

 

10/16/2013

 

61,860

 

116.4520

 

116.1000 - 116.7600

 

10/15/2013

 

75,300

 

115.0278

 

114.5700 - 115.5600

 

10/15/2013

 

2,800

 

115.6438

 

115.5700 - 115.7200

 

10/14/2013

 

29,300

 

115.0190

 

114.4900 - 115.4800

 

10/14/2013

 

48,800

 

115.7376

 

115.4900 - 116.0100