-----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, HZthd4FE7WyZPXi2yKDGY3zJmP7Fb/pwxlFmjCL4r3IYMDvK22/qC8lXbIHv+Bq3 iekxGGFITDNZ20PdVHdvxA== 0000950138-09-000178.txt : 20090304 0000950138-09-000178.hdr.sgml : 20090304 20090304143507 ACCESSION NUMBER: 0000950138-09-000178 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090304 DATE AS OF CHANGE: 20090304 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCHEETZ W EDWARD CENTRAL INDEX KEY: 0001139247 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 212-277-4143 MAIL ADDRESS: STREET 1: C/O MORGANS HOTEL GROUP CO. STREET 2: 475 TENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10018 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Morgans Hotel Group Co. CENTRAL INDEX KEY: 0001342126 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 161736884 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81634 FILM NUMBER: 09654992 BUSINESS ADDRESS: STREET 1: 475 TENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 212-277-4100 MAIL ADDRESS: STREET 1: 475 TENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10018 SC 13D/A 1 mar4_13da.htm SCHEETZ\2009 FILINGS\MAR 4 13DA

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13D
(Amendment No. 6)

 

 

Under the Securities Exchange Act of 1934

 

 

Morgans Hotel Group Co.

 

 

(Name of Issuer)

 

 

 

Common Stock, par value $0.01 per share

 

 

(Title of Class of Securities)

 

 

 

 

61748W108

 

 

 

 

(CUSIP Number)

 

 

 

 

David Fisher, Esq.

Bryan Cave LLP

1290 Avenue of the Americas

New York, NY 10104

(212) 541-2000

 

 

(Name, Address and Telephone Number of Person

Authorized

to Receive Notices and Communications)

 

 

 

 

 

 

 

 

March 3, 2009

 

 

(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

 

 

 

1.

 

NAME OF REPORTING PERSON: W. Edward Scheetz

 

2.

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

o

 

 

(b)

o

 

3.

 

SEC USE ONLY

 

4.

 

SOURCE OF FUNDS: OO/PF

 

5.

 

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

o

 

6.

 

CITIZENSHIP OR PLACE OF ORGANIZATION: United States

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON WITH

 

7.

 

SOLE VOTING POWER:
3,371,710 shares of Common Stock

 

8.

 

SHARED VOTING POWER:
0

 

9.

 

SOLE DISPOSITIVE POWER:
3,686,710 shares of Common Stock

 

10.

 

SHARED DISPOSITIVE POWER:
0

 

11.

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH

 

REPORTING PERSON

3,686,710

 

12.

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

o

 

13.

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.40%

 

14.

 

TYPE OF REPORTING PERSON: IN

 

Introductory Statement

This Amendment No. 6 to Schedule 13D (“Amendment No. 6”), filed by Mr. W. Edward Scheetz (the “Reporting Person”), relates to the common stock, par value $0.01 per share (the “Common Stock”), of Morgans Hotel Group Co. (the “Company”), a Delaware corporation, and amends and supplements the Schedule 13D filed by the Reporting Person with the Securities and Exchange Commission (“SEC”) on August 11, 2008 as subsequently amended by Amendment No. 1 to Schedule 13D filed with the SEC by the Reporting Person on November 24, 2008, as subsequently amended by Amendment No. 2 to Schedule 13D filed with the SEC by the Reporting Person on December 15, 2008, as subsequently amended by Amendment No. 3 to Schedule 13D filed with the SEC by the Reporting Person on January 7, 2009 (“Amendment No. 3”), as subsequently amended by Amendment No. 4 to Schedule 13D filed with the SEC by the Reporting Person on February 17, 2009, as subsequently amended by Amendment No. 5 to Schedule 13D filed with the SEC by the Reporting Person on February 26, 2009 (“Amendment No. 5”). Capitalized terms used but otherwise not defined herein shall have the meanings ascribed to such terms in Amendment No. 3.

 

The purpose of this Amendment No. 6 is to amend and restate in its entirety Item 4 and Item 5 of the Schedule 13D as set forth below.

 

ITEM 4.

Purpose of the Transaction

 

The Reporting Person continuously evaluates the Company’s business and prospects, short and long-term opportunities and other factors deemed relevant in determining whether additional shares of Common Stock will be acquired by the Reporting Person or whether the Reporting Person will dispose of shares of Common Stock or engage in any matter referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Person has met, and may in the future meet, with members of the Board of Directors and/or shareholders of the Company to engage in discussions regarding various matters relating to the Company in an effort to enhance shareholder value.

 

Except as set forth herein, the Reporting Person has no present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D. However, the Reporting Person reserves the right to change his plans and intentions at any time, as he deems appropriate.

 

ITEM 5.

Interest in Securities of the Issuer.

 

(a)       Ownership percentages of Common Stock reported herein are based on 29,397,841 shares of Common Stock outstanding as of November 7, 2008 as reported in the Company’s Form 10-Q filed with the SEC on November 7, 2008, 300,000 shares of Common Stock issuable upon the exercise of stock options beneficially owned by the Reporting Person and 100,000 shares of Common Stock issued by the Company on or about December 1, 2008 in connection with the Reporting Person’s redemption of 100,000 vested LTIP units.

The 3,686,710 shares of Common Stock reported as being the aggregate amount beneficially owned by the Reporting Person in row (11) of the cover page to this Amendment No. 6, represent in the aggregate approximately 12.40% of the outstanding shares of Common Stock.

The 3,686,710 shares of Common Stock reported in row (9) of the cover page to this Amendment No. 6 include 3,371,710 shares of Common Stock, over which the Reporting Person has sole dispositive power and sole voting power and 315,000 shares of Common Stock, over which the Reporting Person only has sole dispositive power but no voting power. Of the 315,000 shares of Common Stock over which the Reporting Person only has sole dispositive power but no voting power, 300,000 shares of Common Stock represent the Reporting Person’s beneficial ownership of shares of Common Stock underlying stock options that have vested and are currently exercisable and 15,000 shares of Common Stock represent the Reporting Person’s beneficial ownership of shares of Common Stock underlying certain call options.

 

Of the 3,371,710 shares of Common Stock reported in row (7) of the cover page to this Amendment No. 6, over which the Reporting Person has sole voting power and sole dispositive power, 1,208,894 shares of Common Stock are beneficially owned by the Reporting Person through WES Holdings and Crosby Holdings. WES Holdings directly beneficially owns 1,106,294 shares of Common Stock and Crosby Holdings owns 102,600 shares of Common Stock, which WES Holdings is deemed to beneficially own as controlling member of Crosby Holdings.

 

Of the 3,371,710 shares of Common Stock reported in row (7) of the cover page to this Amendment No. 6, over which the Reporting Person has sole voting power and sole dispositive power, 85,908 shares of Common Stock are beneficially owned by the Reporting Person through Bayard II and 457,603 shares of Common Stock are beneficially owned by the Reporting Person through Baxter II. The Reporting Person is deemed to beneficially own the foregoing shares of Common Stock as the sole manager of each such entity.

 

In addition, of the 3,371,710 shares of Common Stock reported in row (7) of the cover page to this Amendment No. 6, over which the Reporting Person has sole voting power and sole dispositive power, 1,387,905 shares of Common Stock are directly beneficially owned by the Reporting Person, 175,000 shares of Common Stock are beneficially owned by the Reporting Person through a Two-Year Grantor Retained Annuity Trust (of which the Reporting Person is trustee) which directly owns such shares of Common Stock for the benefit of the Reporting Person, 30,000 shares of Common Stock are beneficially owned by the Reporting Person through a Six-Year Grantor Retained Annuity Trust (of which the Reporting Person is trustee) which directly owns such shares of Common Stock for the benefit of the Reporting Person, 16,400 shares of Common Stock may be considered indirectly beneficially owned by the Reporting Person through two trusts which directly own such shares of Common Stock for the benefit of the Reporting Person’s two minor children and 10,000 shares of Common Stock may be considered indirectly beneficially owned by the Reporting Person through his spouse who directly beneficially owns such shares of Common Stock.

 

As set forth in the paragraphs above, of the shares of Common Stock reported in row (11) of the cover page to this Amendment No. 6, 15,000 shares are shares of Common Stock as to which there is a right to acquire which is exercisable by the Reporting Person within 60 days, in addition to the 300,000 shares of Common Stock underlying stock options that have vested and are currently exercisable by the Reporting Person.

The Reporting Person does not beneficially own any shares of Common Stock as of March 3, 2009, other than as set forth herein.

 

(b)       Rows (7) through (10) of the cover page to this Amendment No. 6 sets forth (i) the number of shares of Common Stock as to which there is sole power to vote or direct the vote and/or to dispose or direct the disposition (including the number of shares of Common Stock as to which there is a right to acquire exercisable within 60 days) and (ii) the number of shares of Common Stock as to which there is shared power to vote or direct the vote or to dispose or direct the disposition.

 

(c)       Except for the open market purchases by the Reporting Person set forth below, no transactions in the Common Stock were effected by the Reporting Person since Amendment No. 5 (up to and including March 3, 2009).

 

Date

Shares Purchased

Shares Sold

Price

 

 

 

 

02/26/2009

5,000

 

$2.14

02/26/2009

26,800

 

$2.1866

02/26/2009

14,800

 

$2.15

02/26/2009

200

 

$2.00

02/26/2009

15,000

 

$2.204

02/27/2009

26,300

 

$2.2035

02/27/2009

35,000

 

$2.184

02/27/2009

17,687

 

$2.278

02/27/2009

25,000

 

$2.264

02/27/2009

25,000

 

$2.24

02/27/2009

15,000

 

$2.245

03/02/2009

1,000

 

$2.20

03/02/2009

1,200

 

$2.19

03/02/2009

1,600

 

$2.19

03/02/2009

900

 

$2.19

03/02/2009

800

 

$2.20

03/02/2009

100

 

$2.17

03/02/2009

200

 

$2.17

03/02/2009

200

 

$2.19

03/02/2009

3,800

 

$2.20

03/02/2009

600

 

$2.18

03/02/2009

7,200

 

$2.20

03/02/2009

400

 

$2.18

03/02/2009

400

 

$2.20

03/02/2009

441

 

$2.20

03/02/2009

1,000

 

$2.19

03/02/2009

500

 

$2.20

03/02/2009

600

 

$2.20

03/02/2009

900

 

$2.20

03/02/2009

1,000

 

$2.195

03/02/2009

600

 

$2.17

03/02/2009

300

 

$2.18

03/02/2009

15,000

 

$2.091

03/03/2009

23,065

 

$2.1948

 

03/03/2009

15,000

 

$2.50

03/03/2009

10,000

 

$2.60

03/03/2009

10,000

 

$2.569

 

(d)       No other person is known by the Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock beneficially owned by the Reporting Person.

 

(e)

Not applicable.

SIGNATURES

 

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.

 

Dated: March 4, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ W. Edward Scheetz

 

W. Edward Scheetz

 

 

Exhibit Index

 

 

Exhibit

 

Description

 

1.

 

Registration Rights Agreement, dated as of February 17, 2006, by and between Morgans Hotel Group Co. and NorthStar Partnership, L.P. (previously filed)

 

 

 

 

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