-----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, HIvhK2v8bWc4+i1HpMJO6gYCyeUyHpsrp/ez3b2aiTWdw4ZdJVEln7D4Lu15onUj uUzHk+Mjy+JCS3sLTEHu3A== 0001193125-08-253642.txt : 20081215 0001193125-08-253642.hdr.sgml : 20081215 20081215171427 ACCESSION NUMBER: 0001193125-08-253642 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20081215 DATE AS OF CHANGE: 20081215 GROUP MEMBERS: NATIONAL INDEMNITY COMPANY GROUP MEMBERS: OBH, INC. GROUP MEMBERS: WARREN E. BUFFETT FILED BY: 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 BUSINESS ADDRESS: STREET 1: 1440 KIEWIT PLZ CITY: OMAHA STATE: NE ZIP: 68131 BUSINESS PHONE: 4023461400 MAIL ADDRESS: STREET 1: 1440 KIEWIT PLAZA CITY: OMAHA STATE: NE ZIP: 68131 FORMER COMPANY: FORMER CONFORMED NAME: NBH INC DATE OF NAME CHANGE: 19980810 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BURLINGTON NORTHERN SANTA FE CORP CENTRAL INDEX KEY: 0000934612 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 411804964 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-44429 FILM NUMBER: 081250433 BUSINESS ADDRESS: STREET 1: 2650 LOU MENK DR CITY: FT WORTH STATE: TX ZIP: 76131-2830 BUSINESS PHONE: 8007952673 MAIL ADDRESS: STREET 1: 2650 LOU MENK DRIVE CITY: FORT WORTH STATE: TX ZIP: 76131-2830 FORMER COMPANY: FORMER CONFORMED NAME: BURLINGTON NORTHERN SANTE FE CORP DATE OF NAME CHANGE: 19950913 FORMER COMPANY: FORMER CONFORMED NAME: BNSF CORP DATE OF NAME CHANGE: 19941223 SC 13D 1 dsc13d.htm SCHEDULE 13D Schedule 13D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(a)

 

 

BURLINGTON NORTHERN SANTA FE CORPORATION

(Name of Issuer)

 

 

COMMON STOCK, PAR VALUE $0.01 PER SHARE

(Title of Class of Securities)

 

 

12189T104

(CUSIP Number)

 

 

MARC D. HAMBURG

BERKSHIRE HATHAWAY INC.

1440 KIEWIT PLAZA

OMAHA, NEBRASKA 68131

(402) 346-1400

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

 

 

December 11, 2008

(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.  x

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.

 

1

 

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. 12189T104    PAGE 2 OF 8 PAGES

 

  1.  

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

 

Warren E. Buffett

   
  2.  

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

(a)  x

(b)  ¨

   
  3.  

SEC Use Only

 

   
  4.  

Source of Funds (See Instructions)

 

AF

   
  5.  

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

 

   
  6.  

Citizenship or Place of Organization

 

U.S citizen

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7.    Sole Voting Power

 

                0 (see Item 5)

 

  8.    Shared Voting Power

 

                70,089,029 (see Item 5)

 

  9.    Sole Dispositive Power

 

                0 (see Item 5)

 

10.    Shared Dispositive Power

 

                70,089,029 (see Item 5)

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            70,089,029 (see Item 5)

   
12.  

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

 

   
13.  

Percent of Class Represented by Amount in Row (11)

 

            20.47% (see Item 5)

   
14.  

Type of Reporting Person (See Instructions)

 

            IN

   

 


SCHEDULE 13D

CUSIP No. 12189T104    PAGE 3 OF 8 PAGES

 

  1.  

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

 

            Berkshire Hathaway Inc.

   
  2.  

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

(a)  x

(b)  ¨

   
  3.  

SEC Use Only

 

   
  4.  

Source of Funds (See Instructions)

 

            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 corporation

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7.    Sole Voting Power

 

                0

 

  8.    Shared Voting Power

 

                70,089,029 (see Item 5)

 

  9.    Sole Dispositive Power

 

                0

 

10.    Shared Dispositive Power

 

                70,089,029 (see Item 5)

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            70,089,029 (see Item 5)

   
12.  

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

 

   
13.  

Percent of Class Represented by Amount in Row (11)

 

            20.47% (see Item 5)

   
14.  

Type of Reporting Person (See Instructions)

 

            HC,CO

   

 


SCHEDULE 13D

CUSIP No. 12189T104    PAGE 4 OF 8 PAGES

 

  1.  

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

 

            OBH, Inc.

   
  2.  

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

(a)  x

(b)  ¨

   
  3.  

SEC Use Only

 

   
  4.  

Source of Funds (See Instructions)

 

            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 corporation

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7.    Sole Voting Power

 

                0

 

  8.    Shared Voting Power

 

                70,089,029 (see Item 5)

 

  9.    Sole Dispositive Power

 

                0

 

10.    Shared Dispositive Power

 

                70,089,029 (see Item 5)

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            70,089,029 (see Item 5)

   
12.  

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

 

   
13.  

Percent of Class Represented by Amount in Row (11)

 

            20.47% (see Item 5)

   
14.  

Type of Reporting Person (See Instructions)

 

            HC,CO

   

 


SCHEDULE 13D

CUSIP No. 12189T104    PAGE 5 OF 8 PAGES

 

  1.  

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

 

            National Indemnity Company

   
  2.  

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

(a)  x

(b)  ¨

   
  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)

 

   
  6.  

Citizenship or Place of Organization

 

            Nebraska corporation

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7.    Sole Voting Power

 

                0

 

  8.    Shared Voting Power

 

                70,089,029 (see Item 5)

 

  9.    Sole Dispositive Power

 

                0

 

10.    Shared Dispositive Power

 

                70,089,029 (see Item 5)

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            70,089,029 (see Item 5)

   
12.  

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

 

   
13.  

Percent of Class Represented by Amount in Row (11)

 

            20.47% (see Item 5)

   
14.  

Type of Reporting Person (See Instructions)

 

            IC,CO

   

 


 

 

CUSIP NO. 12189T104    SCHEDULE 13D    PAGE 6 OF 8 PAGES

This Statement on Schedule 13D is filed with respect to 70,089,029 shares (the “Shares”) of the Common Stock, par value $0.01 per share, of Burlington Northern Santa Fe Corporation (“BNI”) held by National Indemnity Company (“NICO”). NICO is a wholly-owned subsidiary of OBH Inc. (“OBH”), which is a wholly-owned subsidiary of Berkshire Hathaway Inc. (“Berkshire”). NICO, OBH and Berkshire are referred to herein collectively as the “Berkshire Entities.” The Berkshire Entities and Warren E. Buffett (“Mr. Buffett”) previously filed a Statement on Schedule 13G with respect to the ownership of shares of Common Stock of BNI. The Berkshire Entities and Mr. Buffett are required to file this Statement on Schedule 13D as a result of acquiring additional shares of Common Stock of BNI such that NICO’s aggregate beneficial ownership exceeds 20%.

 

Item 1. Security and Issuer

The name of the subject company is Burlington Northern Santa Fe Corporation, and the address of its principal executive office is 2650 Lou Menk Drive, Forth Worth, Texas 76131. The class of securities to which this Statement relates is the common stock of BNI, par value $0.01 per share (“Common Stock”).

 

Item 2. Identity and Background

(a)-(c); (f) This Statement is filed by the Berkshire Entities and Mr. Buffett, who may be deemed to control the Berkshire Entities. The information concerning the name, state or other place of organization, principal business, and the address of the principal office of each of the Berkshire Entities, and the information concerning the name, business address, present principal occupation or employment, and the name, principal business address of any corporation or other organization in which such employment or occupation is conducted, and the citizenship of Mr. Buffett and each of the executive officers and directors of the Berkshire Entities is filed as Exhibit 1 hereto.

(d); (e) During the last five years, none of the Berkshire Entities or Mr. Buffett, or, to their knowledge, any of the directors or executive officers of the Berkshire Entities, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining future violation of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3. Source and Amount of Funds or Other Consideration

The Shares were acquired in either open market or private purchases, using internally generated funds of NICO, for an aggregate purchase price of $5,451,349,800. No other funds or consideration were borrowed or obtained for purposes of acquiring the Shares.

 

Item 4. Purpose of Transaction

NICO acquired the Shares for investment purposes. One or more entities within the Berkshire group of companies, including one or more of the reporting persons filing this Schedule, may determine to purchase additional shares of BNI Common Stock or other securities in the open market or otherwise, depending upon price, market conditions, availability of funds, evaluation of alternative investments and other factors. While none of the persons filing this Schedule has any present plans to sell any of the Shares, one or more of them could determine, based upon the same set of factors listed above with respect to purchases, to sell some or all of the Shares. In addition, if the put option described below under Item 6 is exercised, NICO will acquire 2,325,000 additional shares of BNI Common Stock. Except as set forth above, the Berkshire Entities and Mr. Buffett have no intention to effect any of the transactions specified in Item 4 of Schedule 13D.

 

Item 5. Interest in Securities of the Issuer

(a) NICO is the holder of record of the Shares, which constitute 20.47% of BNI’s outstanding Common Stock. Mr. Buffett may be deemed to control Berkshire, which controls NICO. Thus, both Mr. Buffett and Berkshire may be considered to have beneficial ownership of the Shares. OBH, a direct subsidiary of Berkshire and the direct parent company of NICO, also may be considered to have beneficial ownership of the Shares.

Charlotte Guyman, a director of Berkshire, beneficially owns 10,400 shares of BNI Common Stock, which represents less than 0.01% of BNI’s outstanding Common Stock.

(b) NICO has both voting and investment power with respect to the Shares. However, Mr. Buffett, Chairman of the Board of Directors of Berkshire, who may be deemed to control NICO, directs the investments of NICO. Thus, Mr. Buffett, Berkshire and OBH share voting power and investment power with respect to the Shares.

Ms. Guyman has sole voting and dispositive power over the shares of BNI Common Stock owned by her.


CUSIP NO. 12189T104    SCHEDULE 13D    PAGE 7 OF 8 PAGES

(c) None of the Berkshire Entities or Mr. Buffett or, to their knowledge, any executive officer or director of the Berkshire Entities, has engaged in any transaction in any shares of BNI Common Stock during the sixty days immediately preceding the date hereof, except as follows:

 

Purchaser

   Trade Date    Amount of Shares    Price per Share   

Where/How Effected

NICO

   10/28/08    825,000    $ 79.65    Open market purchase

NICO

   12/8/08    1,309,524    $ 80.00    Exercise of put option written by NICO

NICO

   12/9/08    761,111    $ 77.00    Exercise of put option written by NICO

NICO

   12/9/08    1,190,476    $ 80.00    Exercise of put option written by NICO

NICO

   12/11/08    1,217,500    $ 75.00    Exercise of put option written by NICO

NICO

   12/11/08    1,000,000    $ 76.00    Exercise of put option written by NICO

(d); (e) Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

As previously reported on a Form 4 filed December 5, 2008, NICO wrote a put option on December 3, 2008 pursuant to which it is obligated to buy 2,325,000 shares of BNI Common Stock from Citibank, N.A. for an exercise price of $75.00 per share, if Citibank exercises the put option.

Other than as set forth above, none of the Berkshire Entities or Mr. Buffett or, to their knowledge, any executive officer or director of the Berkshire Entities, has any other contracts, arrangements, understandings or relationships with any persons with respect to the securities of the Company.

 

Item 7. Material to be Filed as Exhibits

 

Exhibit No.

  

Description of Exhibit

(A)    Joint Filing Agreement required by Rule 13d-1(k)(1)


 

 

CUSIP NO. 12189T104    SCHEDULE 13D    PAGE 8 OF 8 PAGES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement on Schedule 13D is true, complete, and correct.

Dated: December 15, 2008

 

WARREN E. BUFFETT
  /S/ WARREN E. BUFFETT
 

 

BERKSHIRE HATHAWAY INC.
By:   /S/ MARC D. HAMBURG
Name:   Marc D. Hamburg
Title:   Senior Vice President

 

OBH, INC.
By:   /S/ MARC D. HAMBURG
Name:   Marc D. Hamburg
Title:   Vice President

 

NATIONAL INDEMNITY COMPANY
By:   /S/ MARK MILLARD
Name:   Mark Millard
Title:   Assistant Secretary


Exhibit 1

CERTAIN INFORMATION ABOUT THE REPORTING PERSONS

AND THE EXECUTIVE OFFICERS AND DIRECTORS OF THE REPORTING PERSONS

Set forth below is information about (i) the name, state of organization, principal business, and the address of the principal office of each of the Berkshire Entities and (ii) the name and title of each executive officer and director of the Berkshire Entities, his or her business address, and his or her present principal occupation or employment, and the name, principal business, and address of any corporation or other organization in which such employment is conducted. Each natural person listed below is a citizen of the United States.

(1) Berkshire Hathaway Inc.

Berkshire Hathaway Inc., a Delaware corporation (“Berkshire”), is a holding company engaged through its subsidiaries in a number of diverse businesses, the most important of which is property and casualty insurance and reinsurance offered on both a direct and reinsurance basis through its insurance subsidiaries. The principal office of Berkshire is located at 1440 Kiewit Plaza, Omaha, Nebraska 68131. The executive officers of Berkshire are Warren E. Buffett, Chairman and Chief Executive Officer, Charles T. Munger, Vice Chairman, and Marc D. Hamburg, Senior Vice President and Chief Financial Officer. The directors of Berkshire are Warren E. Buffett, Charles T. Munger, Howard G. Buffett, Susan L. Decker, William H. Gates, David S. Gottesman, Charlotte Guyman, Donald R. Keough, Thomas S. Murphy, Ronald L. Olson, and Walter Scott, Jr.

(2) OBH, Inc.

OBH, Inc., a Delaware corporation (“OBH”), is an intermediate holding company which is a direct wholly-owned subsidiary of Berkshire. The principal office of OBH is located at 1440 Kiewit Plaza, Omaha, Nebraska 68131. The executive officers of OBH are Warren E. Buffett, Chairman and Chief Executive Officer, Charles T. Munger, Vice Chairman, and Marc D. Hamburg, Vice President and Treasurer. The directors of OBH are Warren E. Buffett, Marc D. Hamburg, and Forrest N. Krutter.

(3) National Indemnity Company

National Indemnity Company, a Nebraska corporation (“NICO”), is a property and casualty insurance company. The principal office of NICO is located at 3024 Harney Street, Omaha, Nebraska 68131. The executive officers of NICO are Donald F. Wurster, President, Ajit Jain, Executive Vice President, Scott R. Doerr, Senior Vice President, Phillip M. Wolf, Senior Vice President, Dale Geistkemper, Treasurer, and Forrest N. Krutter, Senior Vice President. The directors of NICO are Donald F. Wurster, Phillip M. Wolf, Marc D. Hamburg, Ajit Jain, Forrest N. Krutter, J. Michael Gottschalk, and Daniel J. Jaksich.

 

     
Name    Principal Occupation    Business Address
Howard G. Buffett    President of Buffett Farms    407 Southmoreland Place, Decatur, Illinois 62521
Warren E. Buffett    Chairman and Chief Executive Officer of Berkshire    1440 Kiewit Plaza, Omaha, Nebraska 68131
Susan L. Decker    President of Yahoo! Inc., a global Internet Brand    701 First Avenue, Sunnyvale, California 94089
Scott R. Doerr    Senior Vice President of NICO    3024 Harney Street, Omaha, Nebraska 68131
William H. Gates    Chairman of the Board of Directors of Microsoft Corporation, a software Company    One Microsoft Way, Redmond, WA 98032
Dale Geistkemper    Treasurer of National Indemnity Company    3024 Harney Street, Omaha, Nebraska 68131


     
Name    Principal Occupation    Business Address
David S. Gottesman    Senior Managing Director of First Manhattan Company, an investment Advisory firm    437 Madison Avenue, New York, NY 10022
J. Michael Gottschalk    Vice President of NICO    3024 Harney Street, Omaha, Nebraska 68131
Charlotte Guyman    Chairman of Finance Committee of Board of Directors of UW Medicine, an academic medical center    1127 Evergreen Point Road, Medina, WA 98039
Marc D. Hamburg    Senior Vice President and Chief Financial Officer of Berkshire    1440 Kiewit Plaza, Omaha, Nebraska 68131
Ajit Jain    Executive Vice President of NICO    3024 Harney Street, Omaha, Nebraska 68131
Daniel J. Jaksich    Vice President of Berkshire    1440 Kiewit Plaza, Omaha, Nebraska 68131
Donald R. Keough    Chairman of Allen and Company Incorporated, an investment banking firm   

DMK International

200 Galleria Parkway, Atlanta, Georgia 30339

Forrest N. Krutter    Secretary of Berkshire    1440 Kiewit Plaza, Omaha, Nebraska 68131
Mark D. Millard    Vice President of Berkshire    1440 Kiewit Plaza, Omaha, Nebraska 68131
Charles T. Munger    Vice Chairman of Berkshire    355 South Grand Avenue, 34th Floor, Los Angeles, California 90071-1560
Thomas S. Murphy    Former Chairman and CEO Of Capital Cities/ABC   

c/o ABC Inc.

77 West 66th Street, New York, NY 10023

Ronald L. Olson    Partner in the law firm of Munger, Tolles & Olson LLP    355 South Grand Avenue, 35th Floor, Los Angeles, California 90071-1560
Walter Scott, Jr.    Chairman of the Board of Directors of Level 3 Communications, Inc., which is engaged in telecommunications and computer outsourcing    1025 El Dorado Boulevard, Broomfield, Colorado 80021, which is the same address for Level 3 Communications, Inc.
Phillip M. Wolf    Senior Vice President of NICO    3024 Harney Street, Omaha, Nebraska 68131
Donald F. Wurster    President of NICO    3024 Harney Street, Omaha, Nebraska 68131
EX-99.A 2 dex99a.htm JOINT FILING AGREEMENT Joint Filing Agreement

Exhibit A

AGREEMENT TO FILE SCHEDULE 13D JOINTLY

(as required by Item 7 of Schedule 13D)

The undersigned persons hereby agree that reports on Schedule 13D, and any amendments thereto, may be filed in a single statement on behalf of all such persons, and further, each such person designates Marc D. Hamburg as its agent and attorney-in-fact for the purpose of executing any and all such reports required to be made by it with the Securities and Exchange Commission.

Dated: December 15, 2008

 

WARREN E. BUFFETT
  /S/ WARREN E. BUFFETT
 

 

BERKSHIRE HATHAWAY INC.
By:   /S/ MARC D. HAMBURG
Name:   Marc D. Hamburg
Title:   Senior Vice President

 

OBH, INC.
By:   /S/ MARC D. HAMBURG
Name:   Marc D. Hamburg
Title:   Vice President

 

NATIONAL INDEMNITY COMPANY
By:   /S/ MARK MILLARD
Name:   Mark Millard
Title:   Assistant Secretary
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