0000318989-94-000003.txt : 19940602 0000318989-94-000003.hdr.sgml : 19940602 ACCESSION NUMBER: 0000318989-94-000003 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940601 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CADIZ LAND CO INC CENTRAL INDEX KEY: 0000727273 STANDARD INDUSTRIAL CLASSIFICATION: 0700 IRS NUMBER: 770313235 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-35468 FILM NUMBER: 94532573 BUSINESS ADDRESS: STREET 1: 2610 W SHAW AVE STE 101 CITY: FRESNO STATE: CA ZIP: 93711 BUSINESS PHONE: 2094366525 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC AGRICULTURAL HOLDINGS INC DATE OF NAME CHANGE: 19920602 FORMER COMPANY: FORMER CONFORMED NAME: ARIDTECH INC DATE OF NAME CHANGE: 19880523 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY INTERNATIONAL LTD CENTRAL INDEX KEY: 0000318989 STANDARD INDUSTRIAL CLASSIFICATION: 0000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-570-70 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 SC 13D/A 1 SCHEDULE 13D - 06-01-94 - CADIZ LAND CO., INC. SCHEDULE 13D Amendment No. 2 Cadiz Land Co., Inc. common stock Cusip # 127549103 Filing Fee: No Cusip # 127549103 Item 1: Reporting Person - Fidelity International Limited Item 4: PF Item 6: Bermuda Item 7: 1,474,000 Item 8: None Item 9: 1,474,000 Item 10: None Item 11: 1,474,000 Item 13: 8.91% Item 14: HC, IA PREAMBLE The Schedule 13D, dated June 7, 1994, filed by Fidelity International Limited ("FIL") with respect to the Common Stock, $0.00 par value per share (the "Shares") of Cadiz Land Co., Inc. is hereby amended as set forth below. The Shares to which it relates are owned by Fidelity International Limited, through its subsidiaries and affiliates. Item 1. Security and Issuer. Item 2. Identity and Background. Item 2 is amended as follows: This statement is being filed by Fidelity International Limited, a Bermuda joint stock company incorporated for an unlimited duration by private act of the Bermuda legislature ("FIL"). A separate Schedule 13D is being filed by FMR Corp., a Massachusetts Corporation ("FMR"), with respect to the Shares. FIL is an investment adviser which provides investment advisory and management services to a number of non-U.S. investment companies or instrument trusts (the "International Funds") and certain institutional investors. The principal office of FIL is located at Pembroke Hall, 42 Crow Lane, Hamilton, Bermuda. FMR is a holding company one of whose principal assets is the capital stock of a wholly-owned subsidiary, Fidelity Management & Research Company ("Fidelity"), which is also a Massachusetts corporation. Fidelity is an investment adviser which is registered under Section 203 of the Investment Advisers Act of 1940 and which provides investment advisory services to more than 30 investment companies which are registered under Section 8 of the Investment Company Act of 1940 and serves as investment adviser to certain other funds which are generally offered to limited groups of investors (the "Fidelity Funds"). Fidelity Management Trust Company ("FMTC"), a wholly-owned subsidiary of FMR Corp. and a bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934, serves as trustee or managing agent for various private investment accounts, primarily employee benefit plans and serves as investment adviser to certain other funds which are generally offered to limited groups of investors (the "Accounts"). Various directly or indirectly held subsidiaries of FMR are also engaged in investment management, venture capital asset management, securities brokerage, transfer and shareholder servicing and real estate development. The principal offices of FMR, Fidelity, and FMTC are located at 82 Devonshire Street, Boston, Massachusetts 02109. Prior to June 30, 1980, FIL was a majority-owned subsidiary of Fidelity. On that date, the shares of FIL held by Fidelity were distributed as a dividend, to the shareholders of FMR. FIL currently operates as an entity independent of FMR and Fidelity. The International Funds and FIL's other clients, with the exception of Fidelity and an affiliate of Fidelity, are non-U.S. entities. Edward C. Johnson 3d owns 34.0% of the outstanding voting common stock of FMR. In addition, a partnership controlled by Mr. Johnson and members of his family own shares of FIL voting stock with the right to cast approximately 47.22% of the total votes which may be cast by all holders of FIL voting stock. Mr. Johnson 3d is Chairman of FMR Corp. and FIL. FMR Corp. and FIL are separate and independent corporate entities. FMR Corp. and FIL are managed independently and their boards of Directors are generally composed of different individuals. Their investment decisions are made independently, and clients are different organizations. The business address and principal occupation of Mr. Johnson 3d is set forth in Schedule A hereto. The Shares to which this statement relates are owned directly by Fidelity International Limited, through its subsidiaries and affiliates. FMR and FIL are of the view that they are not acting as a "group" for purposes of Section 13(d) under the Securities Exchange Act of 1934 (the "1934 Act") and that they are not otherwise required to attribute to each other the "beneficial ownership" of securities "beneficially owned" by the other corporation within the meaning of Rule 13d-3 promulgated under the 1934 Act. Therefore, they are of the view that the Shares held by the other corporations need not be aggregated for purposes of Section 13(d). However, FMR is making this filing on a voluntary basis as if all of the Shares are beneficially owned by FMR and FIL on a joint basis. The name, residence or business address, principal occupation or employment and citizenship of each of the executive officers and directors of FMR are set forth in Schedule A hereto. Within the past five years, none of the persons named in this Item 2 or listed on Schedule A has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to any civil proceeding and as a result thereof was or is subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to , federal or state securities laws or finding any violations with respect to such laws. Item 3. Source and Amount of Funds or Other Considerations. Item 3 is amended as follows: The International Funds and accounts which own or owned Shares purchased in the aggregate 3,294,000 Shares for cash in the amount of approximately $6,828,681 including brokerage commissions. The International Funds and accounts used their own assets in making such purchase and no part of the purchase price is represented by borrowed funds. Proceeds from 380,000 Shares sold aggregated approximately $876,800. The International Funds lost 1,440,000 shares as a result of the 1 for 5 reverse stock split in 1992. The attached Schedule B sets forth Shares purchased and/or sold since February 15, 1994. The Fidelity Funds which own or owned Shares purchased in the aggregate 100,000 Shares for cash in the amount of approximately $162,500 including brokerage commissions. The Fidelity Funds used their own assets in making such purchase and no part of the purchase price is represented by borrowed funds. Proceeds from 100,000 Shares sold aggregated approximately $94,375. Item 4. Purpose of Transaction. Item 5. Interest in Securities of Issuer. Item 5 is amended as follows: Although Item 5 assumes that FMR, Fidelity, and FIL beneficially own all 1,474,000 Shares, reference is made to Item 2 for a disclaimer of beneficial ownership with respect to the securities which are "beneficially owned" by the other corporations. (a) FIL beneficially owns, as investment adviser or the parent of the investment adviser to the International Funds and accounts, 1,474,000 Shares, or approximately 8.91% of the outstanding Shares of the Company. FMR beneficially owns, through Fidelity, as investment adviser to the Fidelity Funds, zero Shares, or approximately 0.00% of the outstanding Shares of the Company. Neither FMR, Fidelity, nor any of its affiliates nor, to the best knowledge of FMR, any of the persons name in Schedule A hereto, beneficially owns any other Shares. The combined holdings of FMR, Fidelity, and FIL are 1,474,000 Shares, or approximately 8.91% of the outstanding Shares of the Company. (b) The International Funds, the International Pension Accounts and FIL, as investment adviser to the International Funds and International Pension Accounts, each has the sole power to vote and the sole power to dispose of the 1,474,000 Shares held by the International Funds and the International Pension Accounts. Item 6. Contract, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. This statement speaks as of its date, and no inference should be drawn that no change has occurred in the facts set forth herein after the date hereof. Item 7. Material to be Filed as Exhibits. Not applicable. 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. Fidelity International Limited Date: May 25, 1994 By: /s/Arthur S. Loring Arthur S. Loring Attorney-in-Fact Schedule A POSITION WITH PRINCIPAL NAME INTERNATIONAL OCCUPATION Edward C. Johnson 3d Director & Chairman of the Board Chief Executive Officer 82 Devonshire Street FMR Corp. Boston, MA 02109 Barry J. Bateman Director Chief Executive Officer 25 Lovat Lane Fidelity International London, England Limited EC3R 8LL William L. Byrnes Director Vice Chairman - 82 Devonshire Street FMR Corp. Boston, MA 02109 Martin P. Cambridge Chief Financial Officer CFO - Fidelity Oakhill House International Limited 130 Tonbridge Road Hildenborough, Kent TN119DZ England Charles T. M. Collis Director, V.P., & Secretary Private Attorney P.O. Box HM 391 Hamilton HMBX, Bermuda Glen R. Moreno Director Director-Fidelity 25 Lovat Lane International Limited London, England EC3R 8LL David J. Saul Director Executive V.P. & P.O. Box 650 President-Fidelity Hamilton, Bermuda Bermuda, a division of Fidelity International Limited Messrs. Johnson 3d, Byrnes, and Moreno are United States citizens and Messrs. Cambridge, Collis, Saul, and Bateman are citizens of the United Kingdom. SCHEDULE B CADIZ LAND CO., INC. One International Account purchased Shares since February 15, 1994 at the dates and at the prices set forth below. The transactions were made for cash in open market transactions. DATE SHARES PRICE 02-18-94 130,000 $5.25 03-22-94 71,500 5.14 03-23-94 23,844 5.12 03-24-94 4,656 5.02 04-19-94 17,000 4.30 04-21-94 10,000 4.27 04-26-94 20,000 4.25 04-29-94 7,000 4.25