-----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, PVyjsgCtAe2JW3CMsHvPiCMR21SMRAfEYrMShr4ezOlw2jRQvSwzuqFwVpDR2VFV 2aceyf2ZHSDol5uzmPc27g== 0000807985-98-000029.txt : 19980217 0000807985-98-000029.hdr.sgml : 19980217 ACCESSION NUMBER: 0000807985-98-000029 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980212 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALEXANDER & BALDWIN INC CENTRAL INDEX KEY: 0000003453 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] IRS NUMBER: 990032630 STATE OF INCORPORATION: HI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-08884 FILM NUMBER: 98533716 BUSINESS ADDRESS: STREET 1: 822 BISHOP STREET CITY: HONOLULU STATE: HI ZIP: 96813 BUSINESS PHONE: 8085256611 MAIL ADDRESS: STREET 1: PO BOX 3440 CITY: HONOLULU STATE: HI ZIP: 96801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHEASTERN ASSET MANAGEMENT INC/TN/ CENTRAL INDEX KEY: 0000807985 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 620951781 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 6075 POPLAR AVENUE STE 900 CITY: MEMPHIS STATE: TN ZIP: 38119 BUSINESS PHONE: 9017612474 MAIL ADDRESS: STREET 1: 6075 POPLAR AVENUE STE 900 STREET 2: STE 301 CITY: MEMPHIS STATE: TN ZIP: 38119 SC 13G/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6)* Alexander & Baldwin, Inc. ------------------------------------------ (Name of Issuer) Common Stock ------------------------------------------- (Title of Class and Securities) 014482103 -------------------------------------------- (CUSIP Number of Class of Securities) * 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 the disclosures provided in a prior page. The information required in 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). (Continued on following page(s)) CUSIP No. 014482103 13G - ------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Southeastern Asset Management, Inc. I.D. No. 62-0951781 - ------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X - ------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Tennessee - ------------------------------------------------------------------- :(5) SOLE VOTING POWER : (Discretionary Accounts) NUMBER OF SHARES BENEFICIALLY : 4,154,200 shares (9.2%) OWNED BY EACH REPORTING PERSON -------------------------------- WITH :(6) NO VOTING POWER (Clients Vote Shares) : 2,798,800 Shares (6.2%) (Includes shares owned by Longleaf Partners Funds) -------------------------------- :(7) SOLE DISPOSITIVE POWER : (Discretionary Accounts) : 4,351,600 shares (9.6%) -------------------------------- :(8) NO DISPOSITIVE POWER (Clients Determine) 2,601,400 shares (5.8%) (Includes shares owned by Longleaf Partners Funds) - ------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON (All Discretionary Accounts with Voting Power) 4,154,200 shares (All Discretionary Accounts with Dispositive Power) 4,351,600 shares - ------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES /x/ Non-Discretionary Accounts and Investment Company Shares - See items 3 and 4 of text - ------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.2% (All Discretionary Accounts with Voting Power) 9.6% (All Discretionary Accounts with Dispositive Power) - ------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON IA - ------------------------------------------------------------------- CUSIP No. 014482103 13G - ------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Longleaf Partners Fund I.D. No. 63-6147721 - ------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X - ------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts business trust - ------------------------------------------------------------------- :(5) SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY : 1,565,000 shares OWNED BY EACH REPORTING PERSON -------------------------------- WITH :(6) SHARED VOTING POWER : None -------------------------------- :(7) SOLE DISPOSITIVE POWER : 1,565,000 shares -------------------------------- :(8) SHARED DISPOSITIVE POWER : None - ------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,565,000 shares - ------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES - ------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.5% - ------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON IV - ------------------------------------------------------------------- CUSIP No. 014482103 13G - ------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS O. Mason Hawkins I.D. No. ###-##-#### - ------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X - ------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Citizen of United States - ------------------------------------------------------------------- :(5) SOLE VOTING POWER : (Discretionary Accounts) NUMBER OF SHARES BENEFICIALLY : None OWNED BY EACH REPORTING PERSON -------------------------------- WITH :(6) SHARED VOTING POWER : None -------------------------------- :(7) SOLE DISPOSITIVE POWER : None -------------------------------- :(8) SHARED DISPOSITIVE POWER : None - ------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None (See Item 3 ) - ------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES - ------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% - ------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------- Item 1. (a). Name of Issuer: Alexander & Baldwin, Inc. ("Issuer") (b). Address of Issuer's Principal Executive Offices: 822 Bishop Street Honolulu, HI 96813 Item 2. (a) and (b). Names and Principal Business Addresses of Persons Filing: (1). Southeastern Asset Management, Inc. 6410 Poplar Avenue; Suite 900 Memphis, TN 38119 (2). Longleaf Partners Fund 6410 Poplar Avenue; Suite 900 Memphis, TN 38119 (3). Mr. O. Mason Hawkins Chairman of the Board and C.E.O. Southeastern Asset Management, Inc. 6410 Poplar Avenue; Suite 900 Memphis, TN 38119 (c). Citizenship: Southeastern Asset Management, Inc. - A Tennessee corporation Longleaf Partners Fund - a series of Longleaf Partners Funds Trust, a Massachusetts business trust Mr. O. Mason Hawkins - U.S. Citizen (d). Title of Class of Securities: Common Stock (the "Securities"). (e). Cusip Number: 014482103 Item 3. If this statement is filed pursuant to Rules 13d-1 (b) or 13d-2 (b), check whether the person filing is a: (d). Investment Company registered under Sec. 8 of the Investment Company Act- Longleaf Partners Fund, a series of Longleaf Partners Funds Trust, a Massachusetts business trust (e). Investment Advisor registered under Section 203 of the Investment Advisers Act of 1940 - Southeastern Asset Management, Inc. The Securities covered by this report are owned legally by the investment advisory clients of Southeastern Asset Management, Inc. and by Longleaf Partners Fund and Longleaf Partners Realty Fund; none are legally owned directly or indirectly by Southeastern Asset Management, Inc. and none are physically held by or registered in the name of Southeastern Asset Management, Inc. As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that Southeastern Asset Management, Inc. is the beneficial owner of any of the securities covered by this statement. (g). Parent Holding Company. This statement is also being filed by Mr. O. Mason Hawkins, Chairman of the Board and C.E.O. of Southeastern Asset Management, Inc. in the event he could be deemed to be a controlling person of that firm as the result of his official positions with or ownership of its voting securities. The existence of such control is expressly disclaimed. Mr. Hawkins does not legally own directly or indirectly any securities covered by this statement for his own account. As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that Mr. Hawkins is the beneficial owner of any of the securities covered by this statement. Item 4. Ownership: (a). Amount Beneficially Owned: (At December 31, 1997) (1). Clients' Discretionary Accounts - Southeastern Asset Management, Inc. Sole Voting Power - 4,154,200 shares Sole Dispositive Power - 4,351,600 shares (2). Longleaf Partners Fund - 1,565,000 shares (b). Percent of Class: (1). Client's Discretionary Accounts - Southeastern Asset Management, Inc. Sole Voting Power - 9.2% Sole Dispositive Power - 9.6% (2). Longleaf Partners Fund - 3.5% Above percentages based on 45,135,000 shares of Common Stock outstanding. (c). Number of shares as to which such person has: (i). sole power to vote or to direct the vote: (1). Southeastern Asset Management, Inc. Discretionary Accounts - 4,154,200 shares (9.2%) (2). Longleaf Partners Fund - 1,565,000 shares (3.5%) (ii). No power to vote or to direct the vote: Southeastern Asset Management, Inc. - Non-Discretionary Accounts for which beneficial ownership is expressly disclaimed - 1,233,800 shares (2.7%) (iii). sole power to dispose or to direct the disposition of: (1). Southeastern Asset Management, Inc. Discretionary Accounts 4,351,600 shares (9.6%) (2). Longleaf Partners Fund - 1,565,000 shares (3.5%) (iv). No power to dispose or to direct the disposition of: Southeastern Asset Management, Inc. - Non-Discretionary Shares for which beneficial ownership is expressly disclaimed - 1,036,400 shares (2.3%) Item 5. Ownership of Five Percent or Less of a Class: N/A Item 6. Ownership of More Than Five Percent on Behalf of Another Person: N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: N/A Item 8. Identification and Classification of Members of the Group: N/A Item 9. Notice of Dissolution of Group: N/A Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Signatures After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete, and correct. Dated: February 4, 1998 Southeastern Asset Longleaf Partners Fund Management, Inc. By /s/ Charles D. Reaves By /s/ Charles D. Reaves - ------------------------------ ------------------------------ Charles D. Reaves Charles D. Reaves Vice President and Executive Vice President General Counsel O. Mason Hawkins, Individually /s/ O. Mason Hawkins - -------------------------------- Joint Filing Agreement In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Schedule 13G with respect to the Securities of the Issuer and further agree that this joint filing agreement be included as an exhibit to this Schedule 13G. In evidence thereof, the undersigned hereby execute this Agreement as of the 31st day of January, 1997. Southeastern Asset Longleaf Partners Fund Management, Inc. By /s/ Charles D. Reaves By /s/ Charles D. Reaves - ------------------------------ ------------------------------ Charles D. Reaves Charles D. Reaves Vice President and Executive Vice President General Counsel O. Mason Hawkins, Individually /s/ O. Mason Hawkins - -------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----