-----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, HRr1Nvuiae/4h7Jh2jGyENq2OWeCwrHSvZsL3h6Ke3Fi8j8vDwJaqaGd+3TFYptS X1pC28diH7Hkc3IRjvwFDQ== 0000950142-04-003941.txt : 20041119 0000950142-04-003941.hdr.sgml : 20041119 20041119170026 ACCESSION NUMBER: 0000950142-04-003941 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20041119 DATE AS OF CHANGE: 20041119 GROUP MEMBERS: ARTSFARE 1992 IRREVOCABLE TRUST GROUP MEMBERS: ARTSFARE 2003 TRUST GROUP MEMBERS: COUTTS (JERSEY) LIMITED GROUP MEMBERS: ETERNITY ONE TRUST GROUP MEMBERS: JAFASA CONTINUED IRREVOCABLE TRUST GROUP MEMBERS: JAMES M. DUBIN GROUP MEMBERS: JJO DELAWARE, INC. GROUP MEMBERS: JMD DELAWARE, INC. GROUP MEMBERS: JMD PROTECTOR, INC. GROUP MEMBERS: JOHN J. O'NEIL GROUP MEMBERS: JPMORGAN TRUST COMPANY OF DELAWARE GROUP MEMBERS: MA 1994 B SHARES, INC. GROUP MEMBERS: MA 1994 B SHARES, L.P. GROUP MEMBERS: MA 1997 HOLDINGS, INC. GROUP MEMBERS: MA 1997 HOLDINGS, L.P. GROUP MEMBERS: MBA I, L.P. GROUP MEMBERS: MICKY ARISON GROUP MEMBERS: NICKEL 1994 "B" TRUST GROUP MEMBERS: NICKEL 2003 GRAT GROUP MEMBERS: NICKEL CONTINUED IRREVOCABLE TRUST GROUP MEMBERS: SHARI ARISON GROUP MEMBERS: TAMMS INVESTMENT COMPANY, LIMITED PARTNERSHIP GROUP MEMBERS: TAMMS MANAGEMENT CORPORATION GROUP MEMBERS: TED ARISON CONTINUED IRREVOCABLE TRUST FOR SHARI ARISON GROUP MEMBERS: THE 1999 JAFASA IRREVOCABLE DELAWARE TRUST GROUP MEMBERS: THE TED ARISON FAMILY FOUNDATION USA, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CARNIVAL CORP CENTRAL INDEX KEY: 0000815097 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] IRS NUMBER: 591562976 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39580 FILM NUMBER: 041158498 BUSINESS ADDRESS: STREET 1: 3655 N W 87TH AVE STREET 2: PO BOX 1347 CITY: MIAMI STATE: FL ZIP: 33178-2428 BUSINESS PHONE: 3055992600 MAIL ADDRESS: STREET 1: 3655 N W 87TH AVE STREET 2: PO BOX 1347 CITY: MIAMI STATE: FL ZIP: 33178 FORMER COMPANY: FORMER CONFORMED NAME: CARNIVAL CRUISE LINES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NICKEL 1994 B TRUST CENTRAL INDEX KEY: 0001053060 IRS NUMBER: 516191775 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1201 N MARKERT STREET CITY: WILMINGTON STATE: DE ZIP: 19899 BUSINESS PHONE: 3025757300 MAIL ADDRESS: STREET 1: 1201 N MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19899 FORMER COMPANY: FORMER CONFORMED NAME: ARISON MICKY 1994 B TRUST DATE OF NAME CHANGE: 19980115 SC 13D/A 1 sc13da7_cc-cplc.txt AMENDMENT NO. 7 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. 7)* Carnival Corporation Carnival plc - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share, of Carnival Corporation Special Voting Share of Carnival plc Trust Shares (representing beneficial interests in the P&O Princess Special Voting Trust) ------------------------------------------------ (Title of Class of Securities) Common Stock: 143658 10 2 and 143658 30 0** Special Voting Share: G7214F 12 2 Trust Shares: 143658 30 0** - -------------------------------------------------------------------------------- (CUSIP Number) Arnaldo Perez, Esq. General Counsel Carnival Corporation 3655 N.W. 87th Avenue Miami, Florida 33178-2428 (305) 599-2600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 16, 2004 - -------------------------------------------------------------------------------- (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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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). ** The Common Stock and the Trust Shares trade together under CUSIP Number 143658 30 0. See Items 1 and 4 of this Schedule 13D for additional information. 2 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: TAMMS INVESTMENT COMPANY, LIMITED PARTNERSHIP - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 3,653,168 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 3,653,168 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 3,653,168 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.6% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: TAMMS MANAGEMENT CORPORATION - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 3,653,168 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 365,316 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 3,287,852 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 3,653,168 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.6% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): CO - -------------------------------------------------------------------------------- 4 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: NICKEL CONTINUED IRREVOCABLE TRUST - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 2,124,560 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 2,124,560 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 2,124,560 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.3% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 5 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: MA 1997 HOLDINGS, L.P. - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 2,539,265 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 2,539,265 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 2,539,265 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.4% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): PN - -------------------------------------------------------------------------------- 6 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: MA 1997 HOLDINGS, INC. - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 2,539,265 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 2,539,265 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 2,539,265 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.4% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): CO - -------------------------------------------------------------------------------- 7 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: NICKEL 1994 "B" TRUST - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 106,114,284 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 106,114,284 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 106,114,284 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 16.8% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 8 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: MA 1994 B SHARES, L.P. - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 106,114,284 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 106,114,284 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 106,114,284 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 16.8% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): PN - -------------------------------------------------------------------------------- 9 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: MA 1994 B SHARES, INC. - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 106,114,284 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 106,114,284 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 106,114,284 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 16.8% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): CO - -------------------------------------------------------------------------------- 10 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: MICKY ARISON - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 116,554,664 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: 89,312,639 Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 116,154,664 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 91,145,079 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 202,652,821 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 32.0% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- 11 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: ETERNITY ONE TRUST - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Guernsey, Channel Islands - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: -0- Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 5,102,708 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 5,102,708 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.8% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 12 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: TED ARISON CONTINUED IRREVOCABLE TRUST FOR SHARI ARISON - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 3,000,000 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 3,000,000 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 759,010 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 3,759,010 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.6% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 13 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: SHARI ARISON - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: United States and Israel - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 4,000,000 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: 1,200 Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 5,103,908 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 5,103,908 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.8% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- 14 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: JMD DELAWARE, INC. - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 13,265,502 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 11,747,482 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 44,128,850 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 55,876,332 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 8.8% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): CO - -------------------------------------------------------------------------------- 15 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: JAMES M. DUBIN - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 38,352,218 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: 89,312,639 Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 36,834,198 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 117,348,815 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 154,183,013 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 24.4% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- 16 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: ARTSFARE 1992 IRREVOCABLE TRUST - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: -0- Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 42,610,830 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 42,610,830 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 6.7% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 17 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: THE TED ARISON FAMILY FOUNDATION USA, INC. - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: -0- Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: -0- - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.0% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 18 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: COUTTS (JERSEY) LIMITED - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: -0- Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 42,610,830 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 42,610,830 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 6.7% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): CO - -------------------------------------------------------------------------------- 19 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: JMD PROTECTOR, INC. - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 25,085,716 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: 89,312,639 Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 114,398,355 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 114,398,355 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 18.1% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): CO - -------------------------------------------------------------------------------- 20 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: JPMORGAN TRUST COMPANY OF DELAWARE - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: -0- Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 5,102,708 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 5,102,708 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.8% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 21 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: ARTSFARE 2003 TRUST - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: -0- Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 400,000 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 1,032,440 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,432,440 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.2% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 22 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: MBA I, L.P. - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 400,000 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 400,000 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 1,032,440 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,432,440 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.2% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 23 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: JAFASA CONTINUED IRREVOCABLE TRUST - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 3,000,000 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 3,000,000 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 759,010 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 3,759,010 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.6% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 24 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: THE 1999 JAFASA IRREVOCABLE DELAWARE TRUST - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: -0- Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: -0- - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.0% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 25 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: JJO DELAWARE, INC. - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: -0- Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 42,610,830 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 42,610,830 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 6.7% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): CO - -------------------------------------------------------------------------------- 26 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: JOHN J. O'NEIL - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: -0- Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: -0- ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: 42,610,830 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 42,610,830 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 6.7% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- 27 CUSIP NO. COMMON STOCK: 143658 10 2 AND 143658 30 0, SPECIAL VOTING SHARE: G7214F 12 2, TRUST SHARES: 143658 30 0 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: NICKEL 2003 GRAT - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 3,622,922 Shares Bene- -------------------------------------------------------- ficially 8) Shared Voting Power: -0- Owned by -------------------------------------------------------- Each Report- 9) Sole Dispositive Power: 3,622,922 ing Person -------------------------------------------------------- With 10) Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 3,622,922 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 0.6% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- 28 The Schedule 13D relating to Carnival Corporation and Carnival plc is being filed by TAMMS Investment Company, Limited Partnership, TAMMS Management Corporation, the Nickel Continued Irrevocable Trust, MA 1997 Holdings, L.P., MA 1997 Holdings, Inc., Nickel 1994 "B" Trust, MA 1994 B Shares, L.P., MA 1994 B Shares, Inc., Micky Arison, Eternity One Trust, the Ted Arison Continued Irrevocable Trust for Shari Arison, Shari Arison, JMD Delaware, Inc., James M. Dubin, Artsfare 1992 Irrevocable Trust, The Ted Arison Family Foundation USA, Inc., Coutts (Jersey) Limited, JMD Protector, Inc., JPMorgan Trust Company of Delaware, Artsfare 2003 Trust, MBA I, L.P., the Jafasa Continued Irrevocable Trust, The 1999 Jafasa Irrevocable Delaware Trust, JJO Delaware, Inc., John J. O'Neil and the Nickel 2003 GRAT (collectively, the "Covered Persons"). This Amendment No. 7 is being filed because the number of Shares beneficially owned by the Covered Persons has decreased by an amount in excess of one percent of the total number of Shares outstanding. Following the filing of this amendment, The Ted Arison Family Foundation USA, Inc. and The 1999 Jafasa Irrevocable Delaware Trust will cease to be Reporting Persons. This Schedule 13D is hereby amended as follows: ITEM 1. SECURITY AND ISSUER No material change. ITEM 2. IDENTITY AND BACKGROUND On August 26, 2004, the 1997 Irrevocable Trust for Micky Arison changed its name to Nickel 1997 Irrevocable Trust. On August 30, 2004, The Marilyn B. Arison 2003 Trust changed its name to Artsfare 2003 Trust. On September 10, 2004, the Ted Arison 1992 Irrevocable Trust for Lin No. 2 changed its name to Artsfare 1992 Irrevocable Trust. On October 1, 2004, the Shari Arison Irrevocable Guernsey Trust changed its name to Eternity One Trust and The Ted Arison 1994 Irrevocable Trust for Shari No. 1 changed its name to Eternity Four Trust. On October 18, 2004, The Ted Arison Continued Irrevocable Trust for Micky Arison changed its name to Nickel Continued Irrevocable Trust, the Micky Arison 1994 "B" Trust changed its name to Nickel 1994 "B" Trust, the Micky Arison 2003 GRAT changed its name to Nickel 2003 GRAT and the Micky Arison 2003 Revocable Trust changed its name to Nickel 2003 Revocable Trust. On October 1, 2004, Smith Barney Corporate Trust Company became the sole trustee of the Eternity Four Trust, succeeding the former co-trustees Cititrust (Jersey) Limited, JMD Delaware, Inc. and JJO Delaware, Inc. Item 2 is hereby further amended by deleting paragraph (c)(xiii) and replacing it with the following: 29 "Eternity One Trust is a Guernsey trust established for the benefit of Shari Arison. The business address of Eternity One Trust is c/o JPMorgan Trust Company of Delaware, 500 Stanton Christiana Road, Newark, Delaware 19713. The sole trustee of the Eternity One Trust is JPMorgan Trust Company of Delaware. The name, residence or business address and principal occupation or employment of each director, executive officer and controlling person of JPMorgan Trust Company of Delaware are as follows:
RESIDENCE OR PRINCIPAL OCCUPATION NAME BUSINESS ADDRESS OR EMPLOYMENT - ---- ---------------- ------------- CMC Holding Delaware Inc. 1201 N. Market St., Wilmington, Controlling Person Delaware 19801 16 Algonquin Road, Holmdel, New Sean A. Amery Jersey 07733 Director Paula M. Baker 345 Park Avenue, New York, New York Director Wilson J.C. Braun, Jr. One Liberty Place, Philadelphia, Director Pennsylvania David A. Diamond 500 Stanton Christiana Road, Director Newark, Delaware Vernon M. Schreiner 300 Crescent Court, Dallas, Texas Director David D. Wakefield 255 Pond View, Chadds Ford, Director" Pennsylvania
Item 2 is hereby further amended by deleting paragraph (c)(xxii). Item 2 is hereby further amended by deleting the second paragraph of (a) and replacing it with the following: "Micky Arison is the Chairman, Chief Executive Officer and a Director of Carnival Corporation and Carnival plc, President and Treasurer of TAMMS Corp. and beneficiary of Nickel Continued Irrevocable Trust and the B Trust. Shari Arison is the beneficiary of Eternity One Trust, the Shari Arison Continued Trust and Eternity Four Trust. Michael Arison is the beneficiary of the Jafasa Continued Irrevocable Trust and The 1999 Jafasa Irrevocable Delaware Trust. Micky Arison and Shari Arison are siblings. James M. Dubin is (i) the sole shareholder and an officer of JMD Delaware, the corporate trustee of the B Trust, the Shari Arison Continued Trust, Nickel Continued Irrevocable Trust, the Jafasa Continued Irrevocable Trust, The 1999 Jafasa Irrevocable Delaware Trust and Nickel 2003 GRAT, and the co-trustee of Artsfare 1992 Irrevocable Trust and Nickel 1997 Irrevocable 30 Trust, (ii) the sole shareholder and an officer of JMD Protector, the corporate protector of Artsfare 1992 Irrevocable Trust, Eternity One Trust, Eternity Four Trust and The 1999 Jafasa Irrevocable Delaware Trust, (iii) the sole trustee for Artsfare 2003 Trust, and (iv) President of MA 1997 Holdings, Inc. and MA 1994 B Shares, Inc. John J. O'Neil is the sole shareholder and an officer of JJO Delaware, the co-trustee of Artsfare 1992 Irrevocable Trust and Nickel 1997 Irrevocable Trust, and Vice President, Treasurer and Assistant Secretary of MA 1997 Holdings, Inc. and MA 1994 B Shares, Inc." Item 2 is hereby further amended by deleting paragraph (a)(xx). Item 2 is hereby further amended by deleting paragraph (a)(xxii) and replacing it with the following: "(xxii) JPMorgan Trust Company of Delaware;" Item 2 is hereby further amended by deleting paragraph (c)(xx). Item 2 is hereby further amended by deleting paragraph (c)(xi) and replacing it with the following: "(c)(xxii) JPMorgan Trust Company of Delaware is a Delaware corporation, the principal business of which is to engage in the business of a trust company. The address of the corporation is 500 Stanton Christiana Road, Newark, Delaware. The name, residence or business address and principal occupation or employment of each director, executive officer and controlling person of JPMorgan Trust Company of Delaware are set forth in Item 2(c)(xi)." Item 2 is hereby further amended by deleting paragraph (f) and replacing it with the following: "(f) The natural persons who are Reporting Persons or officers, directors or controlling persons of the Reporting Persons have the following citizenship: Marilyn Arison, Micky Arison, John J. O'Neil, James M. Dubin, Henry Eckstein, Eric Goodison, Stanford L. Stevenson, III, Thomas R. Pulsifer, Walter C. Tuthill, Richard B. Skor, Arnaldo Perez, Sean A. Amery, Paula M. Baker, Wilson J.C. Braun, Jr., David A. Diamond, Vernon M. Schreiner and David D. Wakefield: United States; Shari Arison, Jason Arison and David Arison: Israel and United States; Madeleine Arison, David William Michael Ballingall, Martin John Hall, Keith Anthony Luxon, Barry Der ek Poole, John Anthony Heaps, David Neuschaffer and Susan Gibaut: British; and Gerhard Hans Mueller: Switzerland." 31 ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION No material change. ITEM 4. PURPOSE OF TRANSACTION. The aggregate amount of Shares that have been or are to be sold pursuant to sales plans under Rule 10b5-1 entered into by Reporting Persons on and after August 28, 2003 is approximately 35 million. In the future, Reporting Persons may enter into other similar sales plans to sell Shares under Rule 10b5-1. Pursuant to the terms of the trust agreement of the Nickel 2003 GRAT, 377,078 Shares were returned to Micky Arison on November 4, 2004 from the Nickel 2003 GRAT. On that same day, Micky Arison gifted the 377,078 Shares to the Nickel 2003 Revocable Trust, which contributed the shares to MA 1997 Holdings, L.P. Micky Arison beneficially owns all Shares held by the Nickel 2003 GRAT and MA 1997 Holdings, L.P. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended and restated in its entirety as follows: All ownership percentages set forth herein assume that there are 633,273,375 Shares outstanding, based on 633,273,375 shares of Carnival Corporation Common Stock, representing the total number of shares reported in the Quarterly Report on Form 10-Q of Carnival Corporation for the quarter ending August 31, 2004 to be outstanding as of September 30, 2004. (a) and (b)(i) TAMMS L.P. may be deemed to own beneficially 3,653,168 Shares (approximately 0.6% of the total number of Shares outstanding). TAMMS L.P. has sole voting power and sole dispositive power over the 3,653,168 Shares held by TAMMS L.P. (ii) TAMMS Corp. is the Managing General Partner of TAMMS L.P. and as such is entitled, pursuant to the Limited Partnership Agreement, to exercise all voting rights with respect to the Shares held by TAMMS L.P. TAMMS Corp. may be deemed to own beneficially all the 3,653,168 Shares (approximately 0.6% of the total number of Shares outstanding) beneficially owned by TAMMS L.P. TAMMS Corp. has sole voting power over the 3,653,168 Shares directly held by TAMMS L.P. Pursuant to the Limited Partnership Agreement, the Managing General Partner of TAMMS L.P. can dispose of up to 10% in value of the property of TAMMS L.P. To dispose of a greater amount of the property, consent of a majority interest of the partners in TAMMS L.P. is needed. Thus, TAMMS Corp. has sole dispositive power over 365,316 Shares held by TAMMS L.P. and shares dispositive power over the remaining 3,287,852 Shares held by TAMMS L.P. (iii) Nickel Continued Irrevocable Trust beneficially owns an aggregate of 2,124,560 Shares (approximately 0.3% of the total number of Shares outstanding), all of which it holds directly. Nickel Continued Irrevocable Trust has sole voting and dispositive power with respect to the 2,124,560 Shares held by it. 32 (iv) MA 1997, L.P. beneficially owns an aggregate of 2,539,265 Shares (approximately 0.4% of the total number of Shares outstanding), all of which it holds directly. MA 1997, L.P. has sole voting and dispositive power with respect to all such Shares that it holds directly. (v) MA 1997, Inc. beneficially owns an aggregate of 2,539,265 Shares (approximately 0.4% of the total number of Shares outstanding), by virtue of being the general partner of MA 1997, L.P. MA 1997, Inc. has sole voting and dispositive power with respect to all such Shares. (vi) Nickel 1994 "B" Trust beneficially owns 106,114,284 Shares (approximately 16.8% of the total number of Shares outstanding), by virtue of being the sole stockholder of B Shares, Inc., the general partner of B Shares, L.P. Nickel 1994 "B" Trust has sole voting power and dispositive power with respect to all such Shares held by B Shares, L.P. (vii) B Shares, L.P. beneficially owns an aggregate of 106,114,284 Shares (approximately 16.8% of the total number of Shares outstanding), which its holds directly. B Shares, L.P. has sole voting and dispositive power with respect to all such Shares. (viii) B Shares, Inc. beneficially owns an aggregate of 106,114,284 Shares (approximately 16.8% of the total number of Shares outstanding), by virtue of being the general partner of B Shares, L.P. B Shares, Inc. has sole voting and dispositive power with respect to all such Shares. (ix) Micky Arison beneficially owns an aggregate of 202,652,821 Shares (approximately 32.0% of the total number of Shares outstanding), 624,000 Shares of which are underlying vested options which he holds directly, 2,539,265 Shares with respect to which he has a beneficial interest by virtue of the interest and authority granted to him under the trust instrument for the Nickel 2003 Revocable Trust, 106,114,284 Shares with respect to which he has a beneficial interest by virtue of the interest and authority granted to him under the trust instrument for the Nickel 1994 "B" Trust, 92,566,832 Shares with respect to which he has a beneficial interest by virtue of the interest and authority granted to him under the last will of Ted Arison, dated July 8, 1999 and 1,432,440 Shares with respect to which he has a beneficial interest by virtue of the interest and authority granted to him under the trust instrument for the Artsfare 2003 Trust. Micky Arison has shared dispositive and voting power with respect to the 42,610,830 Shares held by the Artsfare 1992 Irrevocable Trust and with respect to 46,701,809 Shares held by the Eternity Four Trust. Micky Arison has sole voting and dispositive power with respect to the 2,539,265 Shares indirectly held by the Nickel 2003 Revocable Trust, which is the sole stockholder of MA 1997, Inc. Micky Arison has shared dispositive power with respect to 1,032,440 Shares indirectly held by the Artsfare 2003 Trust and the 400,000 Shares indirectly held by the Artsfare 2003 Trust. Micky Arison has sole voting power over the 400,000 Shares indirectly held by the Artsfare 2003 Trust. Micky Arison has sole voting and dispositive power with respect to the 3,254,193 Shares held by the Nickel 1997 Irrevocable Trust and the 106,114,284 Shares indirectly held by the Nickel 1994 "B" Trust. Micky Arison is deemed to be the beneficial owner of the 624,000 Shares underlying vested options and the 3,622,922 Shares held by the Nickel 2003 GRAT 33 over which he may acquire beneficial ownership at any time by replacing the trustee or reacquiring the Shares from the Nickel 2003 GRAT by substituting other property of an equivalent value. Because of his status as President and Treasurer of TAMMS Corp., Micky Arison may also be deemed to share voting power with respect to the remaining 2,620,728 Shares beneficially owned by TAMMS L.P. in addition to 1,032,440 Shares held by the Artsfare 2003 Trust. Micky Arison disclaims beneficial ownership of the 2,620,728 Shares owned by TAMMS L.P. which are beneficially owned by the partners of TAMMS L.P. Accordingly, Micky Arison has not reported beneficial ownership of the 2,620,728 Shares held by TAMMS L.P. (x) Eternity One Trust beneficially owns an aggregate of 5,102,708 Shares (approximately 0.8% of the total number of Shares outstanding), 4,000,000 of which it owns directly and 1,102,708 of which it holds beneficially by virtue of its interest in TAMMS L.P. Eternity One Trust has shared dispositive power over all such Shares. (xi) The Shari Arison Continued Trust beneficially owns an aggregate of 3,759,010 Shares (approximately 0.6% of the total number of Shares outstanding), 3,000,000 of which it holds directly and 759,010 of which it holds beneficially by virtue of its interest in TAMMS L.P. The Shari Arison Continued Trust has sole voting and dispositive power with respect to the 3,000,000 Shares held by it and shares dispositive power over the 759,010 Shares held by TAMMS L.P. (xii) Shari Arison beneficially owns 5,103,908 Shares (approximately 0.8% of the total number of Shares outstanding). Shari Arison has sole voting power and shared dispositive power with respect to 4,000,000 Shares directly held by Eternity One Trust and shared dispositive power with respect to the trust's ownership interest in the 1,102,708 Shares held by TAMMS L.P. Ms. Arison also may be deemed to beneficially own 1,200 Shares held by her children and have shared voting and dispositive power over such Shares. Ms. Arison disclaims beneficial ownership of such Shares held by her children. (xiii) JMD Delaware beneficially owns an aggregate of 55,876,332 Shares (approximately 8.8% of the total number of Shares outstanding), by virtue of being the trustee of the Shari Arison Continued Trust, the Nickel Continued Irrevocable Trust, the Jafasa Continued Trust and the Nickel 2003 GRAT, and the co-trustee of Artsfare 1992 Irrevocable Trust. JMD Delaware has sole voting and dispositive power with respect to the Shares held by the Nickel Continued Irrevocable Trust, the Nickel 2003 GRAT and certain Shares held by each of the Shari Arison Continued Trust and the Jafasa Continued Trust. JMD Delaware has sole voting and shared dispositive power with respect to certain Shares held by each of the Shari Arison Continued Trust and the Jafasa Continued Trust. JMD Delaware has shared dispositive power with respect to the Shares held by Artsfare 1992 Irrevocable Trust. Accordingly, JMD Delaware may be deemed to beneficially own such Shares for which it expresses voting and dispositive power. JMD Delaware disclaims beneficial ownership of all such Shares. 34 (xiv) James M. Dubin beneficially owns an aggregate of 154,183,013 Shares (approximately 24.4% of the total number of Shares outstanding), 1,000 Shares of which he holds directly and 154,182,013 Shares with respect to which he has a beneficial interest by virtue of being the sole shareholder of JMD Delaware and JMD Protector and the sole trustee of the Artsfare 2003 Trust. Accordingly, Mr. Dubin may be deemed to beneficially own such Shares for which he exercises voting and dispositive power. Mr. Dubin disclaims beneficial ownership of all such Shares, except for the 1,000 Shares he holds directly. (xv) Artsfare 1992 Irrevocable Trust beneficially owns the 42,610,830 Shares for which it exercises shared dispositive power (approximately 6.7% of the total number of Shares outstanding). (xvi) The Foundation beneficially owns no Shares. (xvii) Coutts beneficially owns 42,610,830 Shares (approximately 6.7% of the total number of Shares outstanding), by virtue of being the co-trustee of Artsfare 1992 Irrevocable Trust. Coutts has shared dispositive power with respect to the Shares held by Artsfare 1992 Irrevocable Trust. Accordingly, Coutts may be deemed to beneficially own such Shares for which it exercises such dispositive power. Coutts disclaims beneficial ownership of such Shares. (xviii) JMD Protector beneficially owns an aggregate of 114,389,355 Shares (approximately 18.1% of the total number of Shares outstanding), by virtue of being the protector of Eternity Four Trust and Artsfare 1992 Irrevocable Trust. JMD Protector has shared dispositive power with respect to Shares held by Eternity Four Trust and Artsfare 1992 Irrevocable Trust. JMD Protector has shared voting power with respect to the Shares held by Artsfare 1992 Irrevocable Trust and 46,701,809 Shares held by Eternity Four Trust, and has sole voting power with respect to 25,085,716 Shares held by Eternity Four Trust. (xix) JPMorgan Trust Company of Delaware beneficially owns 5,102,708 Shares (approximately 0.8% of the total number of Shares outstanding), by virtue of being the sole trustee of Eternity One Trust. JPMorgan Trust Company of Delaware has shared dispositive power with respect to the 4,000,000 Shares directly held by Eternity One Trust and 1,102,708 Shares held by TAMMS L.P. Accordingly, JPMorgan Trust Company of Delaware may be deemed to beneficially own such Shares for which it exercises shared dispositive power. JPMorgan Trust Company of Delaware disclaims beneficial ownership of such Shares. (xx) Artsfare 2003 Trust beneficially owns an aggregate of 1,432,440 Shares (approximately 0.2% of the total number of Shares outstanding), 400,000 of which it holds beneficially by virtue of its interest in MBA and 1,032,440 of which it holds beneficially by virtue of the limited partnership interest of MBA in TAMMS, L.P. Artsfare 2003 Trust has shared dispositive power with respect to the 400,000 Shares directly held by MBA and exercises shared dispositive power over the 1,032,440 Shares held by TAMMS L.P. (xxi) MBA beneficially owns an aggregate of 1,432,440 Shares (approximately 0.2% of the total number of Shares outstanding), 400,000 Shares of which it 35 holds directly and 1,032,440 Shares of which it owns beneficially by virtue of its interest in TAMMS L.P. MBA has sole voting and dispositive power over the 400,000 Shares it holds directly and exercises shared dispositive power over the 1,032,440 Shares held by TAMMS L.P. (xxii) The Jafasa Continued Trust beneficially owns an aggregate of 3,759,010 Shares (approximately 0.6% of the total number of Shares outstanding), 3,000,000 of which it holds directly and 759,010 of which it holds beneficially by virtue of its interest in TAMMS L.P. The Jafasa Continued Trust has sole voting and dispositive power with respect to the 3,000,000 Shares held by it and shares dispositive power over the 759,010 Shares held by TAMMS L.P. (xxiii) The 1999 Jafasa Trust beneficially owns no Shares. (xxiv) JJO Delaware beneficially owns an aggregate of 42,610,830 Shares (approximately 6.7% of the total number of Shares outstanding), by virtue of being the co-trustee of the Artsfare 1992 Irrevocable Trust. JJO Delaware has shared dispositive power with respect to the Shares held by Artsfare 1992 Irrevocable Trust. Accordingly, JJO Delaware may be deemed to beneficially own such Shares for which it exercises shared dispositive power. JJO Delaware disclaims beneficial ownership of all such Shares. (xxv) John J. O'Neil beneficially owns an aggregate of 42,610,830 Shares (approximately 6.7% of the total number of Shares outstanding) by virtue of being the sole shareholder of JJO Delaware. Mr. O'Neil has shared dispositive power with respect to the Shares held by Artsfare 1992 Irrevocable Trust. Accordingly, Mr. O'Neil may be deemed to beneficially own such Shares for which it exercises shared dispositive power. Mr. O'Neil disclaims beneficial ownership of all such Shares. (xxvi) The Nickel 2003 GRAT owns an aggregate of 3,622,922 Shares (approximately 0.6% of the total number of Shares outstanding). The Nickel 2003 GRAT has sole voting power and sole dispositive power with respect to the 3,622,922 Shares held by it. (xxvii) The Reporting Persons, as a group, beneficially own an aggregate of 246,171,857 Shares (approximately 38.9% of the total number of Shares outstanding). The Reporting Persons, as a group, have sole voting and dispositive power over all such Shares. (c) (i) During the past 60 days, Nickel 1997 Irrevocable Trust(1) has sold Shares in open market transactions on the New York Stock Exchange as follows: AVERAGE DATE NO. OF SHARES SOLD PRICE PER SHARE ---- ------------------ --------------- September 17, 2004 50,000 $48.4608 September 21, 2004 50,000 $48.3582 September 22, 2004 20,000 $48.0522 September 23, 2004 80,000 $47.7278 September 28, 2004 40,000 $47.8292 September 29, 2004 40,000 $47.3012 36 AVERAGE DATE NO. OF SHARES SOLD PRICE PER SHARE ---- ------------------ --------------- September 30, 2004 106,600 $47.3514 October 1, 2004 3,000 $47.8572 October 4, 2004 128,000 $48.8505 October 6, 2004 57,100 $48.9758 October 7, 2004 19,000 $49.1263 October 8, 2004 30,700 $48.8251 October 12, 2004 110,000 $48.3337 October 13, 2004 30,000 $48.7540 October 14, 2004 110,000 $48.8804 October 15, 2004 2,500 $49.2456 October 18, 2004 30,000 $49.0709 October 19, 2004 30,000 $49.3857 October 20, 2004 128,000 $49.2621 October 21, 2004 50,000 $49.5581 October 25, 2004 75,000 $49.9943 October 26, 2004 50,000 $50.4039 October 28, 2004 100,000 $50.5603 October 29, 2004 100,000 $50.4826 November 1, 2004 60,000 $51.0149 November 2, 2004 76,600 $51.6002 November 3, 2004 100,000 $51.9750 November 4, 2004 106,000 $52.5857 November 5, 2004 30,000 $52.7867 November 9, 2004 88,000 $52.1784 November 10, 2004 40,000 $52.8002 November 11, 2004 20,700 $53.2581 November 12, 2004 85,000 $53.4885 November 16, 2004 25,000 $52.4960 - -------------- (1) Micky Arison reports beneficial ownership of the Shares held by Nickel 1997 Irrevocable Trust. (c) (ii) During the past 60 days, Artsfare 1992 Trust(2) has sold Shares in open market transactions on the New York Stock Exchange as follows: AVERAGE DATE NO. OF SHARES SOLD PRICE PER SHARE ---- ------------------ --------------- September 17, 2004 15,000 $48.4440 September 21, 2004 21,000 $48.3510 September 22, 2004 4,000 $48.0075 September 23, 2004 10,000 $47.7835 September 28, 2004 5,000 $47.8060 September 29, 2004 12,000 $47.3275 37 AVERAGE DATE NO. OF SHARES SOLD PRICE PER SHARE ---- ------------------ --------------- September 30, 2004 27,000 $47.3911 October 1, 2004 2,000 $47.8475 October 4, 2004 32,000 $48.8998 October 6, 2004 15,000 $49.0327 October 7, 2004 1,500 $49.0000 October 8, 2004 10,000 $48.8457 October 12, 2004 25,000 $48.3846 October 13, 2004 3,000 $48.6217 October 14, 2004 25,000 $48.8725 October 15, 2004 1,500 $49.2300 October 18, 2004 6,000 $49.0645 October 19, 2004 3,000 $49.4450 October 20, 2004 32,000 $49.4168 October 21, 2004 10,000 $49.5482 October 25, 2004 20,000 $50.0048 October 26, 2004 6,000 $50.4367 October 28, 2004 15,000 $50.5562 October 29, 2004 20,000 $50.4746 November 1, 2004 10,000 $51.0017 November 2, 2004 20,000 $51.6760 November 3, 2004 25,000 $51.9711 November 4, 2004 24,000 $52.5667 November 5, 2004 5,000 $52.8000 November 9, 2004 22,000 $52.1817 November 10, 2004 10,000 $52.8009 November 11, 2004 10,000 $53.2592 November 12, 2004 20,000 $53.4794 November 16, 2004 6,000 $52.4258 - ------------ (2) Each of Micky Arison, JMD Delaware, James M. Dubin, Coutts, JMD Protector, JJO Delaware and John J. O'Neil also report beneficial ownership of the Shares held by Artsfare 1992 Trust. (c) (iii) During the past 60 days, the 1999 Jafasa Trust(3) has sold Shares in open market transactions on the New York Stock Exchange as follows: AVERAGE DATE NO. OF SHARES SOLD PRICE PER SHARE ---- ------------------ --------------- September 17, 2004 10,000 $48.4103 September 21, 2004 21,000 $48.3721 September 22, 2004 4,000 $48.0125 September 23, 2004 15,000 $47.7723 September 28, 2004 10,000 $47.8247 38 September 29, 2004 24,000 $47.3272 - ------------ (3) Each of Micky Arison, James M. Dubin and JMD Delaware also report beneficial ownership of the Shares held by the 1999 Jafasa Trust. (c) (iv) During the past 60 days, the Foundation(4) has sold Shares in open market transactions on the New York Stock Exchange as follows: AVERAGE DATE NO. OF SHARES SOLD PRICE PER SHARE ---- ------------------ --------------- September 22, 2004 15,000 $48.0530 September 23, 2004 60,000 $47.7335 September 28, 2004 30,000 $47.8380 September 29, 2004 30,000 $47.3026 September 30, 2004 81,400 $47.3785 October 1, 2004 20,000 $47.8611 October 4, 2004 94,000 $48.8694 October 6, 2004 45,000 $48.9886 October 7, 2004 19,000 $49.1263 October 8, 2004 26,500 $48.8306 October 12, 2004 70,000 $48.3628 October 13, 2004 20,000 $48.7558 October 14, 2004 75,000 $48.8838 October 15, 2004 2,500 $49.2456 October 18, 2004 20,000 $49.0832 October 19, 2004 20,000 $49.4029 October 20, 2004 51,779 $49.1681 - -------------- (4) Shari Arison also reports beneficial ownership of the Shares held by the Foundation. (c) (v) During the past 60 days, the Jafasa Continued Trust(5) has sold Shares in open market transactions on the New York Stock Exchange as follows: AVERAGE DATE NO. OF SHARES SOLD PRICE PER SHARE ---- ------------------ --------------- September 22, 2004 7,000 $48.0063 September 23, 2004 15,000 $47.7789 September 28, 2004 10,000 $47.8260 September 29, 2004 14,000 $47.3411 September 30, 2004 34,000 $47.3971 October 1, 2004 3,000 $47.8620 October 4, 2004 42,000 $48.8999 October 6, 2004 20,000 $49.0314 39 AVERAGE DATE NO. OF SHARES SOLD PRICE PER SHARE ---- ------------------ --------------- October 7, 2004 2,500 $49.0000 October 8, 2004 10,000 $48.8483 October 12, 2004 30,000 $48.3889 October 13, 2004 7,000 $48.6557 October 14, 2004 30,000 $48.8700 October 15, 2004 1,500 $49.2300 October 18, 2004 9,000 $49.0656 October 19, 2004 4,000 $49.4480 October 20, 2004 42,000 $49.3979 October 21, 2004 15,000 $49.5448 October 25, 2004 25,000 $50.0024 October 26, 2004 9,000 $50.4389 October 28, 2004 20,000 $50.5582 October 29, 2004 53,550 $50.4964 - ------------ (5) Each of JMD Delaware and James M. Dubin also report beneficial ownership of the Shares held by the Jafasa Continued Trust. Except as set forth in this paragraph (c) and in Item 4, to the best of the knowledge of each of the Reporting Persons, none of the persons named in response to paragraph (a) has effected any transactions in the Shares during the past 60 days. (d) Each of the Reporting Persons affirms that no person other than such Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares owned by such Reporting Person. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Item 6 is hereby amended by adding the following: The sole trustee of Jafasa Continued Irrevocable Trust, JMD Delaware, Inc., solely in its capacity as trustee of the Jafasa Continued Irrevocable Trust, entered into a Pledge Agreement, dated as of August 26, 2004, pursuant to which 2,000,000 Shares held by the Jafasa Continued Irrevocable Trust were pledged to The Northern Trust Company to secure a loan. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Item 7 is hereby amended by deleting Exhibits 11, 12, 13 and 14. The following exhibit has been filed with this Schedule 13D. 40 Exhibit 29 Joint Filing Agreement, dated as of November 19, 2004, among TAMMS L.P., TAMMS Corp., Nickel Continued Irrevocable Trust, MA 1997, L.P., MA 1997, Inc., Nickel 1994 "B" Trust, B Shares, L.P., B Shares, Inc., Micky Arison, Eternity One Trust, the Shari Arison Continued Trust, Shari Arison, JMD Delaware, James M. Dubin, Artsfare 1992 Irrevocable Trust, the Foundation, Coutts, JMD Protector, JPMorgan Trust Company of Delaware, the Artsfare 2003 Trust, MBA, the Jafasa Continued Trust, the 1999 Jafasa Trust, JJO Delaware, John J. O'Neil and the Nickel 2003 GRAT. Exhibit 30 Pledge Agreement, dated as of August 26, 2004, by and among Jafasa Continued Irrevocable Trust, The Northern Trust Company and SunTrust Bank. Exhibit 31 Power of Attorney, dated as of October 29, 2004, by Eternity One Trust and JPMorgan Trust Company of Delaware. 41 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: November 19, 2004 ARTSFARE 1992 IRREVOCABLE TRUST ARTSFARE 2003 TRUST COUTTS (JERSEY) LIMITED ETERNITY ONE TRUST JAFASA CONTINUED IRREVOCABLE TRUST JAMES M. DUBIN JJO DELAWARE, INC. JMD DELAWARE, INC. JMD PROTECTOR, INC. JOHN J. O'NEIL JPMORGAN TRUST COMPANY OF DELAWARE MA 1994 B SHARES, INC. MA 1994 B SHARES, L.P. MA 1997 HOLDINGS, INC. MA 1997 HOLDINGS, L.P. MBA I, L.P. MICKY ARISON NICKEL 1994 "B" TRUST NICKEL 2003 GRAT NICKEL CONTINUED IRREVOCABLE TRUST SHARI ARISON TAMMS INVESTMENT COMPANY, LIMITED PARTNERSHIP TAMMS MANAGEMENT CORPORATION TED ARISON CONTINUED IRREVOCABLE TRUST FOR SHARI ARISON THE 1999 JAFASA IRREVOCABLE DELAWARE TRUST THE TED ARISON FAMILY FOUNDATION USA, INC. By: John J. O'Neil, Attorney-in-Fact /s/ John J. O'Neil - ----------------------------------------- INDEX TO EXHIBITS EXHIBITS - -------- Exhibit 29 Joint Filing Agreement, dated as of November 19, 2004, among TAMMS L.P., TAMMS Corp., Nickel Continued Irrevocable Trust, MA 1997, L.P., MA 1997, Inc., Nickel 1994 "B" Trust, B Shares, L.P., B Shares, Inc., Micky Arison, Eternity One Trust, the Shari Arison Continued Trust, Shari Arison, JMD Delaware, James M. Dubin, Artsfare 1992 Irrevocable Trust, the Foundation, Coutts, JMD Protector, JPMorgan Trust Company of Delaware, the Artsfare 2003 Trust, MBA, the Jafasa Continued Trust, the 1999 Jafasa Trust, JJO Delaware, John J. O'Neil and the Nickel 2003 GRAT. Exhibit 30 Pledge Agreement, dated as of August 26, 2004, by and among Jafasa Continued Irrevocable Trust, The Northern Trust Company and SunTrust Bank. Exhibit 31 Power of Attorney, dated as of October 29, 2004, by Eternity One Trust and JPMorgan Trust Company of Delaware. EX-99 2 ex29-sc13da7.txt EXHIBIT 29 EXHIBIT 29 ---------- JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of this amendment to Schedule 13D. This Joint Filing Agreement shall be included as an Exhibit to such joint filing. In evidence thereof, each of the undersigned, being duly authorized, hereby executed this Agreement. Date: November 19, 2004 ARTSFARE 1992 IRREVOCABLE TRUST ARTSFARE 2003 TRUST COUTTS (JERSEY) LIMITED ETERNITY ONE TRUST JAFASA CONTINUED IRREVOCABLE TRUST JAMES M. DUBIN JJO DELAWARE, INC. JMD DELAWARE, INC. JMD PROTECTOR, INC. JOHN J. O'NEIL JPMORGAN TRUST COMPANY OF DELAWARE MA 1994 B SHARES, INC. MA 1994 B SHARES, L.P. MA 1997 HOLDINGS, INC. MA 1997 HOLDINGS, L.P. MBA I, L.P. MICKY ARISON NICKEL 1994 "B" TRUST NICKEL 2003 GRAT NICKEL CONTINUED IRREVOCABLE TRUST SHARI ARISON TAMMS INVESTMENT COMPANY, LIMITED PARTNERSHIP TAMMS MANAGEMENT CORPORATION TED ARISON CONTINUED IRREVOCABLE TRUST FOR SHARI ARISON THE 1999 JAFASA IRREVOCABLE DELAWARE TRUST THE TED ARISON FAMILY FOUNDATION USA, INC. By: John J. O'Neil, Attorney-in-Fact /s/ John J. O'Neil - ------------------------------------------ EX-99 3 ex30-sc13da7.txt EXHIBIT 30 EXHIBIT 30 ---------- Pledge Agreement Dated as of August 26, 2004 This Pledge Agreement (as modified from time to time, the "Agreement") has been executed by JMD DELAWARE, INC. as Trustee of the JAFASA CONTINUED IRREVOCABLE TRUST with an address of 1201 N. Market Street, Wilmington, Delaware 19801 (the "BORROWER"), EIN 65-6085658, IN FAVOR OF THE NORTHERN TRUST COMPANY, an Illinois banking corporation, as agent for the Banks, as hereinafter defined, as secured party (together with any successor or assign the "AGENT"). THE NORTHERN TRUST COMPANY, as a Lender and SUNTRUST BANK, as a Lender. "TRUST INSTRUMENT" means the Declaration of Continued Trust for Michael Arison, made as of December 26, 1991 by Andrew Weinstein, as trustee, and/or instruments governing the trust, as modified from time to time, and all related documents and instruments. Various capitalized terms used in this Agreement have the meanings set forth in the Section of this Agreement entitled "DEFINITIONS." In consideration of the extension of new financial accommodations or continuation of existing financial accommodations to Borrower by The Northern Trust Company and SunTrust Bank (together with their successors and assigns, the "BANKS"), and other valuable consideration, the receipt and adequacy of which are hereby acknowledged, Borrower agrees as follows: 1. DEFINITIONS. (a) As used in this Agreement the following terms shall have the indicated meanings: "Affiliate Mutual Funds"-- see Section entitled "AFFILIATE MUTUAL FUNDS AND HOLDING CORP STOCK." "Agent Affiliate" means Northern Trust Corporation or any direct or indirect subsidiary of Northern Trust Corporation (other than Agent itself). "Collateral"-- see Section entitled "PLEDGE." "Collateral Value" -- see Section entitled "CONTRACTUAL MINIMUM LIQUIDITY BALANCE" "Constituent Documents"-- means the Trust Instrument and all other documents and instruments pertaining to the formation and ongoing existence of any person or entity which is not an individual. "Control Agreement"-- see Section entitled "CONTROL AGREEMENTS." "Credit Agreement" - see Section entitled "PLEDGE." "Event of Default"-- has the meaning specified in the Credit Agreement. "Holding Corp Stock"-- see Section entitled "AFFILIATE MUTUAL FUNDS AND HOLDING CORP STOCK." Page 1 of 15 "Intermediary"-- see Section entitled "PLEDGE." "Investment Grade", as to a security, means a security bearing a current rating of "BBB-" (BBB minus) or higher by Standard & Poor's or Fitch Investors Service, or "Baa3" or higher by Moody's. "Liabilities"-- see Section entitled "LIABILITIES." "Listed," as to a security, means traded domestically on any national securities exchange or in the NASDAQ market. "Loan Documents" - see Section entitled "PLEDGE." "Majority Banks" has the meaning specified in the Credit Agreement. "Marketable Securities" means listed common stock, mutual funds (readily marketable), money market mutual funds, corporate bonds, municipal bonds, commercial paper, U.S. Treasury and U.S. government agency securities, U.S. Government sponsored agency securities, time deposits and money market deposit accounts; so long as all fixed income securities are Investment Grade, all common stock must maintain published market value of at least $10.00 per share, and all deposit accounts must be maintained with the Agent, any Agent Affiliate or any Bank and none of the foregoing, except Carnival Corporation common stock, shall be subject to restrictions on sale. "Minimum Liquidity Balance"-- see Section entitled "CONTRACTUAL MINIMUM LIQUIDITY BALANCE." The term "person" includes both individuals and organizations. "Related Document(s)" means any note, agreement, guaranty or other document or instrument previously, now or hereafter delivered by Borrower to Agent in connection with the Liabilities or this Agreement. The term "related document," if not initial-capitalized, means a document related to another referenced document. "Securities Account"--see Section entitled "PLEDGE." "Trust Instrument"--see preamble. "Unmatured Event of Default" means any event or condition that would become an Event of Default with notice or the passage of time or both. "Unrestricted" means, as to a security, that the security is not in any way subject to or covered by Rules 144 or 145 of the United States Securities and Exchange Commission, as in effect from time to time, or any successor regulations, or to any stockholders' agreement or other consensual restriction on sale or transfer. (b) As used in this Agreement, unless otherwise specified: the term "including" means "including without limitation"; the term "days" means "calendar days"; and terms such as Page 2 of 15 "herein," "hereof" and words of similar import refer to this Agreement as a whole. Unless otherwise defined herein, all terms (including those not capitalized) that are defined in the Uniform Commercial Code of New York shall have the same meanings herein as in such Code, as such Code may be amended from time to time. Unless the context requires otherwise, wherever used herein the singular shall include the plural and vice versa, and the use of one gender shall also denote the others. Captions herein are for convenience of reference only and shall not define or limit any of the terms or provisions hereof; references herein to sections or provisions without reference to the document in which they are contained are references to this Agreement. 2. PLEDGE. Borrower grants to Agent for the benefit of itself and the Banks a continuing security interest in the following, in each case whether certificated or uncertificated, whether now owned or hereafter acquired, wherever located (any or all of such, the "COLLATERAL"): (a) Securities account nos. 26-27309, 26-27311, 26-27312 and 26-27313 with Northern Trust Bank, FSB ("NORTHERN, AS INTERMEDIARY"), in the name of Borrower or such other designation as may be required by Northern as Intermediary, any additional successor and/or replacement accounts (if, as to any such additional accounts, Borrower confirms in writing that such accounts are covered by this Agreement), and any and all securities, security entitlements, financial assets, investment property, commodity contracts, money, instruments, documents, goods, chattel paper, accounts, general intangibles, deposit accounts, partnership and limited liability company interests, certificates of deposit, and other property and rights of any nature now or hereafter held in or constituting part of such accounts (such named account and all such additional, successor and replacement accounts collectively, the "NORTHERN SECURITIES ACCOUNT"). (b) Securities account no. Q46931004 with JPMorgan Chase Bank ("JPMORGAN CHASE BANK, AS "INTERMEDIARY"; each of Northern as Intermediary, SunTrust as Intermediary and JPMorgan Chase Bank as Intermediary being called an "INTERMEDIARY"), in the name of Borrower or such other designation as may be required by JPMorgan Chase as Intermediary, any additional successor and/or replacement accounts (if, as to any such additional accounts, Borrower confirms in writing that such accounts are covered by this Agreement), and any and all securities, security entitlements, financial assets, investment property, commodity contracts, money, instruments, documents, goods, chattel paper, accounts, general intangibles, deposit accounts, partnership and limited liability company interests, certificates of deposit, and other property and rights of any nature now or hereafter held in or constituting part of such account (such named account and all such additional, successor and replacement accounts collectively, the "JPMORGAN CHASE SECURITIES ACCOUNT"). Each of the Northern Securities Account and the JPMorgan Chase Securities Account shall be called a "SECURITIES ACCOUNT". (c) With respect to any Collateral referred to in (a) and (b) but without limiting (a) and (b): (i) all stock and bond powers, certificates and instruments; (ii) all additions, replacements, substitutions, interest, cash and stock dividends, warrants, options, and other rights and amounts paid, accrued, received, receivable, or distributed with respect thereto from time to time; Page 3 of 15 (d) With respect to the foregoing, all products and proceeds thereof, including insurance proceeds and payments under the Securities Investor Protection Act of 1970, as amended. 3. LIABILITIES. The Collateral shall secure the payment and performance of all obligations and liabilities of Borrower: (a) to each Bank and the Agent howsoever created, evidenced or arising, whether direct or indirect, absolute or contingent, now due or to become due, or now existing or hereafter arising, joint, several or joint and several, including obligations under or with respect to future advances, under or with respect to the Credit Agreement dated as of August 26, 2004 among the Borrower, The Northern Trust Company, SunTrust Bank and The Northern Trust Company, as agent, as amended, restated, renewed or replaced (the "CREDIT AGREEMENT") and all Loan Documents, as defined in the Credit Agreement; (b) to each Bank and the Agent under or in connection with: (i) Related Documents; and (ii) any expenses (including attorneys' fees, legal costs and expenses, and time charges of attorneys who may be employees of the Agent or any Bank, in each case whether in or out of court, in original or appellate proceedings or in bankruptcy) incurred or paid by the Agent or any Bank in connection with the enforcement or preservation of its rights hereunder or under any Related Document (any or all obligations and liabilities described in the foregoing portion of this Section, the "LIABILITIES"). This Agreement shall continue and remain in effect notwithstanding that at any particular time there may be no Liabilities outstanding. 4. CONTROL AGREEMENT. The following additional provisions pertaining to the Intermediary do not limit any rights or powers of the Agent and the Banks under other provisions hereof: (a) Borrower agrees to cause each Intermediary to hold the Collateral for the Agent. Borrower agrees to execute and deliver to the Agent Control Agreements with each Intermediary in the forms mutually agreed upon (each "CONTROL AGREEMENT") as to any Collateral consisting of a Securities Account or specified securities therein. The Control Agreement shall constitute an agreement among Borrower, the applicable Intermediary and the Agent. (b) Except as otherwise specified herein or in the applicable Control Agreement, the applicable Intermediary shall act or not act with respect to the Collateral solely in accord with entitlement orders and instructions (including instructions to sell or otherwise dispose of any Collateral and to deliver any Collateral to the Agent) given from time to time by the Agent. The Agent may exercise any rights and powers hereunder or under the Control Agreements without the consent of Borrower. (c) Borrower hereby directs and authorizes each Intermediary, as agent with respect to its Securities Account, to effect additions, replacements and substitutions of Collateral on Page 4 of 15 behalf of Borrower pursuant to instructions of Borrower. Without limiting any other provision hereof, all such additions, replacements and substitutions shall be conclusively deemed to be "Collateral" hereunder, and Borrower shall be deemed to have granted a security interest in such items and assigned such items to the Agent, as more fully provided above. All additions, substitutions and replacements shall be satisfactory to the Agent in its sole discretion, and (without limiting any other provision hereof or of any Control Agreement) if the Agent so requests no addition, substitution or replacement may be made except with the prior consent of the Agent. 5. CONTRACTUAL MINIMUM LIQUIDITY BALANCE. (a) Borrower agrees to take all steps at the times described below, including pledging additional Collateral and placing additional assets in the Northern Securities Account, to ensure that the market value of the Collateral and of any Affiliate Mutual Funds held in the Northern Securities Account (which are not Collateral), as such market value is determined by the Agent, at all times equals or exceeds the "Minimum Liquidity Balance." For purposes of this Agreement "MINIMUM LIQUIDITY BALANCE" means the amount necessary to ensure that the outstanding amount of the Liabilities does not exceed the sum of the below-indicated percentages of the market values of the below-indicated types of assets which are Collateral: (i) 50% Carnival Corporation common stock. (ii) 70% Marketable Securities. (Such applicable percentage multiplied by applicable Collateral shall be called the "Collateral Value.") The Borrower agrees that it will take all steps necessary to cause the outstanding Liabilities to be less than the Minimum Liquidity Balance within five Business Days if the outstanding Loans equal or exceed 70% of the value of Carnival Corporation stock plus 70% of the value of the Marketable Securities or within one Business Day, if the value of Carnival Corporation common stock is $23.50 or less per share (adjusted for any recapitalization, stock split or the like as of the date hereof). (b) To the extent the value of any single holding (other than of common stock of Carnival Corporation) exceeds 10% of the total Minimum Liquidity Balance (excluding common stock of Carnival Corporation and treating all Affiliate Mutual Funds, as hereinafter defined as a single holding ), such excess value shall be excluded in the calculation of the Minimum Liquidity Balance. Collateral not indicated in the above list continues to be Collateral, but its market value is not included in determining compliance with the Minimum Liquidity Balance requirement. (c) Any Collateral that is part of a securities lending program is not eligible for inclusion in any Minimum Liquidity Balance computation. Any Collateral in which the Agent does not have a first perfected security interest shall not be included in determining compliance Page 5 of 15 with the Minimum Liquidity Balance Requirement (it being understood that the Agent will undertake all reasonable steps necessary and available under the laws of the State of New York to perfect and maintain its perfection over such security interest). The above list shall not be construed to imply that the Agent has agreed to accept any particular assets as Collateral, and does not take precedence over any Regulation U or other legal requirements (which requirements, as reasonably determined by the Agent, Borrower agrees to abide by). (d) As a matter of clarification, the provisions of this Section shall in no manner limit or alter the collateral pledged under the Section hereof entitled "PLEDGE," and, further, shall not be deemed to effect a collateral pledge of any Affiliate Mutual Funds held in the Securities Account. 6. SECURITIES ACCOUNT WITHDRAWALS. Subject to Section 11(b), upon Borrower's request, the Agent shall direct the Intermediary to permit withdrawals from the Northern Securities Account so long as after any such withdrawal Borrower will be in compliance with any "Minimum Liquidity Balance" requirement set forth in this Agreement and no Event of Default or Unmatured Event of Default will have occurred and be continuing. Notwithstanding the foregoing, Collateral, other than common stock of Carnival Corporation, may not be withdrawn unless the Collateral Value of the remaining Collateral, other than common stock of Carnival Corporation, shall be at least $15,000,000. 7. AFFILIATE MUTUAL FUNDS AND HOLDING CORP STOCK. (a) Notwithstanding any other provision hereof or of any Control Agreement to the contrary or inconsistent herewith: (x) the Collateral shall not include: (A) units of any registered investment company issued by any of the Agent's affiliates (as defined in the Federal Reserve Act, Section 23A)(such units, "AFFILIATE MUTUAL FUNDS"); and (B) stock or other equity interests in any holding company of any Bank ("HOLDING CORP STOCK"); and (y) balances in any Securities Account pledged consisting of AFFILIATE MUTUAL FUNDS shall be INCLUDED in determining compliance with any "Minimum Liquidity Balance" requirement under this Agreement. HOLDING CORP STOCK SHALL BE EXCLUDED in determining compliance with any "Minimum Liquidity Balance" requirement under this Agreement. (b) Debtor hereby irrevocably directs and authorizes Agent and any Intermediary, effective upon the Agent's request, which may be made in the Agent's sole discretion at any time and from time to time whether or not an Event of Default or Unmatured Event of Default has occurred, to take all steps necessary or appropriate in the judgment of the Agent or any Intermediary to ensure that the Securities Account and assets in it do not consist in whole or in part of Affiliate Mutual Funds. The foregoing includes causing any Securities Account not to hold or retain Affiliate Mutual Funds, whether as a result of a "sweep" or otherwise, and purchasing such substitute investment(s) or deposit(s), including bank deposits with the Agent (whether or not interest bearing), as the Agent or Intermediary shall deem appropriate at any time and from time to time, whether with or without notice to or consent of the Borrower. Page 6 of 15 (c) Borrower agrees not to (or to direct or authorize any Intermediary to) sell or otherwise dispose of any other securities or assets now or hereafter in any Securities Account in order to purchase additional Holding Corp Stock (whether or not held in any Securities Account), unless after any such sale or other disposition Borrower will be in compliance with any Minimum Liquidity Balance requirement set forth herein and no Event of Default or Unmatured Event of Default will have occurred and be continuing. Likewise, additional Holding Corp Stock may be added to the Securities Account with funds not part of or proceeds of the Securities Account if and only if at such time any Minimum Liquidity Balance requirement is met and no Event of Default or Unmatured Event of Default has occurred and is continuing. (d) To the fullest extent permitted by law, and without limiting the Agent's rights under the Section hereof entitled "Rights of the Agent," Borrower hereby appoints the Agent and the Intermediary as Borrower's attorneys-in-fact, which appointment is and shall be deemed to be irrevocable and coupled with an interest, for purposes of performing acts and signing and delivering any agreement, document or instrument on behalf of Borrower in order to effectuate this Section. Borrower immediately will reimburse the Agent and any Intermediary for all expenses so incurred. 8. REPRESENTATIONS AND WARRANTIES. Borrower hereby represents and warrants to the Agent and the Banks that: (a) Borrower's exact legal name is as set forth in the heading to this Agreement. If Borrower is an organization: Borrower's type of organization, jurisdiction of organization or formation, and organizational identification number are as set forth in the preamble to this Agreement; and Borrower's place of business or, if Borrower has more than one place of business, Borrower's chief executive office is located at the address set forth above; and, since August 9, 2000, Borrower has not been organized or formed in any jurisdiction other than the jurisdiction set forth in the preamble to this Agreement. All Collateral is located in one of the fifty states of the United States of America. Further, except as and if specifically disclosed by Borrower to the Agent IN WRITING prior to the execution of this Agreement, during the five (5) years and six months prior to the date of this Agreement: (i) Borrower has not been known by any legal name different from the one set forth in the heading of this Agreement, except "Ted Arison Continued Irrevocable Trust for Michael Arison." (ii) Since August 9, 2000, Borrower's place of business has been at Borrower's address set forth above. (b) Borrower is validly existing and in good standing under the laws of its state of organization or formation, and is duly qualified, in good standing and authorized to do business in each jurisdiction where failure to do so might have a material adverse impact on the assets, condition or prospects of Borrower. The execution, delivery and performance of this Agreement and all Related Documents are within Borrower's powers and have been authorized by all necessary action required by law and (unless Borrower is an individual) Borrower's Constituent Documents. Page 7 of 15 (c) The execution, delivery and performance of this Agreement and all Related Documents have received any and all necessary governmental approval, and do not and will not contravene or conflict with any provision of law, any Constituent Document or any agreement affecting Borrower or its property. (d) There has been no material adverse change in the business, condition, properties, assets, operations or prospects of Borrower since the date of the latest financial statements provided by or on behalf of Borrower to the Agent. (e) No financing statement, mortgage, notice of judgment, or any similar instrument (unless filed on behalf of the Agent) covering any of the Collateral is on file in any public office. (f) Borrower is the lawful owner of and has rights in or power to transfer all Collateral, free and clear of all liens, pledges, charges, mortgages, and claims other than any in favor of the Agent, except liens for current taxes not delinquent. (g) Borrower has filed or caused to be filed all federal, state, and local tax returns that are required to be filed, and has paid or has caused to be paid all of its taxes, including any taxes shown on such returns or on any assessment received by it, to the extent that such taxes have become due. (h) Except for federal and state securities laws generally applicable to the sale, transfer or redemption of marketable securities which are held by members of the general public, the sale, transfer and redemption of the Collateral by the Agent: (A) are not prohibited or regulated by any federal or state law or regulation or any agreement binding upon Borrower, including any Constituent Document; and (B) require no registration or filing with, or consent or approval of, any governmental body, regulatory authority or securities exchange. (i) Borrower has not acquired any Collateral (other than Carnival Corporation common stock) in a transaction not involving a public offering within the meaning of applicable federal and state securities laws. Borrower is not an executive officer, director or other "affiliate" (as contemplated by Rules 144 and 145 of the Federal Securities and Exchange Commission) of any issuer of any Collateral (other than Carnival Corporation common stock). (j) The shares of Carnival Corporation stock that are Collateral are duly and validly authorized and issued, non-assessable, fully paid and paid for, and outstanding. (k) The execution, delivery and performance of this Agreement and all Related Documents are for proper trust purposes and are within Borrower's powers under the Trust Instrument and applicable law. Borrower acknowledges that the Agent is relying upon this Agreement and the Related Documents in extending any loans or other credit secured hereby, and that the Agent would not extend such credit if Borrower did not execute and deliver this Agreement and the Related Documents. 9. DEPOSITORIES; SUB-AGENTS AND NOMINEES. (a) Without limiting any other provision hereof, the Agent may at its option from time to time transfer, or cause any Intermediary to transfer, the Collateral into a "pledge Page 8 of 15 position" at any depository now or hereafter holding the Collateral, and do or cause to be done, execute (or cause to be executed) such other documents, and take (or cause to be taken) such other actions as the Agent may deem necessary or appropriate in connection therewith. (b) The Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of any certificates or instruments representing or evidencing the Collateral, which may be held (in the discretion of the Agent) in the name of the Agent or any nominee or nominees of the Agent or a sub-agent appointed by the Agent. In addition, the Agent shall at all times have the right to exchange certificates or instruments representing or evidencing Collateral for certificates or instruments of smaller or larger denominations for any purpose consistent with its performance of this Agreement. (c) For the better perfection of the Agent's rights in and to the Collateral and to facilitate implementation of such rights, Borrower shall, upon written request of the Agent, cause all the certificates, notes, documents and other instruments evidencing, representing or otherwise comprising the Collateral to be registered or otherwise put into the name of the Agent or a nominee or nominees of the Agent. (d) Borrower hereby consents and agrees that the issuers of, or any depository, registrar, transfer agent or similar party for any of, the Collateral shall be entitled to accept the provisions hereof as conclusive evidence of the right of the Agent to effect any transfer pursuant to Section 9(b) hereof, notwithstanding any notice or direction to the contrary heretofore or hereafter given by Borrower or any other person to any such issuer or any such depository, registrar, transfer agent or similar party. 10. VOTING & MISCELLANEOUS RIGHTS. Unless an Event of Default has occurred and is continuing, Borrower may exercise any and all voting rights with respect to the Collateral. If an Event of Default has occurred and is continuing, the Agent (and only the Agent) may exercise any and all such rights. Any other rights (i.e., other than voting and trading rights with respect to the Collateral) may be exercised by, and only by, the Agent, except as otherwise provided herein or in the Control Agreement. 11. GENERAL COVENANTS. Borrower agrees that so long as this Agreement remains in effect, it will: (a) NOTIFY THE AGENT IN WRITING AT LEAST THIRTY (30) DAYS IN ADVANCE OF: (i) ANY CHANGE WHATSOEVER IN THE NAME OF BORROWER; (ii) THE STATE OR JURISDICTION IN WHICH BORROWER IS ORGANIZED OR FORMED OR, IF BORROWER IS AN INDIVIDUAL, IN WHICH BORROWER'S PRINCIPAL RESIDENCE IS LOCATED; (iii) ANY NEW NAMES UNDER WHICH BORROWER INTENDS TO DO BUSINESS; OR Page 9 of 15 (iv) ANY NEW ADDRESSES AT OR FROM WHICH BORROWER INTENDS TO DO BUSINESS OR TO KEEP COLLATERAL OF ANY KIND. Borrower shall in any event keep all Collateral within one or more states of the United States of America. (b) PROMPTLY DELIVER ANY CASH, SECURITIES OR OTHER PROPERTY RECEIVED WITH RESPECT TO THE COLLATERAL, WHETHER AS PROCEEDS OF THE DISPOSITION THEREOF, DIVIDENDS WITH RESPECT THERETO, OR OTHERWISE, TO BE HELD BY THE AGENT AS COLLATERAL. NOTWITHSTANDING THE FOREGOING, UNLESS AN EVENT OF DEFAULT OR UNMATURED EVENT OF DEFAULT HAS OCCURRED AND IS CONTINUING, BORROWER MAY CONTINUE TO RECEIVE AND RETAIN INTEREST AND REGULAR CASH DIVIDENDS ON THE COLLATERAL. (c) Defend the Collateral against the claims and demands of all persons other than the Agent and promptly pay all taxes, assessments, and charges upon the Collateral. Borrower agrees not to sign, file, or authenticate, or authorize or permit the signing, filing or authentication of, any financing statements or other documents creating or perfecting a lien upon or security interest in any of the Collateral except in favor of the Agent, or otherwise create, suffer, or permit to exist any liens or security interests upon any Collateral other than in favor of the Agent, except tax liens, provided that such liens are removed before related taxes become delinquent. (d) Sign, file, authenticate, and authorize the signing, filing and authenticating of, such financing statements and other documents (and pay the cost of filing and recording the same in all public offices deemed necessary by the Agent), and do such other acts, as the Agent may request to establish and maintain a valid and perfected security interest in the Collateral free and clear of all other liens and claims, except tax liens, provided that such liens are removed before related taxes become delinquent. (e) Keep at its address for notices set forth above its records concerning the Collateral, which records shall be of such character as will enable the Agent to determine at any time the status of the Collateral; and permit the Agent from time to time to inspect, audit, and make copies of, and extracts from, all records and all other papers in the possession or control of Borrower pertaining to the Collateral. (f) Provide to the Agent from time to time such financial statements of and other information concerning the Collateral and Borrower, as the Agent shall reasonably request and hereby authorizes the Agent to prepare and file such financing statements without the signature of the Borrower. (g) Except if and to the extent specifically permitted by this Agreement, not sell, transfer, lease, grant a license or option or similar right with respect to, or otherwise dispose of, or agree to dispose of, any Collateral. 12. DEFAULT REMEDIES. (a) In addition to the rights and remedies set forth in the Credit Agreement, upon the occurrence and during the continuance of any Event of Default, the Agent may exercise any Page 10 of 15 rights and remedies under this Agreement, any Related Document or other document or instrument (including any Related Document evidencing Liabilities or pertaining to Collateral), and at law or in equity. (b) If any Event of Default shall have occurred and be continuing, then, in addition to having the right to exercise any rights and remedies of a secured party upon default under the Uniform Commercial Code in effect in New York and any State in which any Collateral is located, the Agent may, in its sole discretion: (i) without being required to give any prior notice to Borrower apply the cash (if any) then held by it hereunder toward the Liabilities first to the Liabilities under the Credit Agreement and the Loan Documents on a pro rata basis, and second to all other Liabilities on a pro rata basis; and (ii) if there shall be no such cash or the cash so applied shall be insufficient to pay all obligations in full, sell the Collateral, or any part thereof, at any public or private sale, for cash, upon credit or for future delivery, as the Agent shall deem appropriate, provided, however, that Borrower shall be credited with proceeds thereof only when the proceeds are actually received in cash by the Agent, and such sale shall be deemed commercially reasonable. The Agent shall be authorized at any such sale (to the extent it deems it advisable to do so, in its sole discretion) to restrict the prospective bidders or purchasers to persons who will represent and agree that they are purchasing the Collateral then being sold for their own account for investment and not with a view to the distribution or resale thereof, and upon consummation of any such sale the Agent shall have the right to assign, transfer and deliver to the purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the property sold absolutely free from any claim or right on the part of Borrower. BORROWER HEREBY WAIVES (TO THE EXTENT PERMITTED BY LAW) ALL RIGHTS OF REDEMPTION, STAY AND/OR APPRAISAL WHICH IT NOW HAS OR MAY AT ANY TIME IN THE FUTURE HAVE UNDER ANY RULE OF LAW OR STATUTE NOW EXISTING OR HEREAFTER ENACTED. The Agent has no obligation to marshal Collateral or to clean up or otherwise prepare Collateral for sale, and may specifically disclaim any warranties as to the Collateral, including those of title, merchantability, and fitness for a particular purpose. The Agent may comply with any applicable local, state or federal law requirements in connection with a disposition of Collateral, and compliance will not be considered adversely to affect the commercial reasonableness of any sale of Collateral. Borrower grants to the Agent the right to enter into or on any premises where Collateral may be located for the purposes of exercising any remedies upon the occurrence of an Event of Default. The Agent shall be deemed to have exercised reasonable care in the custody and preservation of Collateral if it takes such action for that purpose as Borrower requests in writing, but failure to do so shall not be deemed a failure to exercise ordinary care; no failure of the Agent to preserve or protect any right with respect to Collateral against prior parties, or to do any act with respect to preservation of Collateral not so requested by the Agent, shall be deemed of itself a failure to exercise reasonable care in the custody or preservation of Collateral. To the extent that notice of sale shall be required to be given by law, the Agent shall give the Borrower at least ten days' written notice of any such public sale or the date after which any such private sale or sales will be held. The Agent shall not be obligated to make any sale of Collateral if it shall determine Page 11 of 15 not to do so, regardless of the fact that notice of sale of Collateral may have been given. The Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In case sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Agent until the sale price is paid by the purchaser thereof, but the Agent shall not incur any liability in case any such purchaser shall fail to take up and pay for the Collateral so sold; in the case of any such failure, such Collateral may be sold again upon like notice. As an alternative to exercising the power of sale herein conferred upon it, the Agent may proceed by a suit at law or in equity to foreclose this Agreement and to sell the Collateral, or any portion thereof, pursuant to a judgment or decree of a court of competent jurisdiction. Except as and if otherwise required by law, any proceeds of the Collateral sold or disposed of pursuant hereto shall be applied toward the Liabilities first to the Liabilities under the Credit Agreement and the Loan Documents on a pro rata basis and second to all other Liabilities on a pro rata basis. Any balance remaining shall be returned to Borrower. (c) The Majority Banks may, by written notice to Borrower, at any time and from time to time, waive any Event of Default or Unmatured Event of Default, which shall be for such period and subject to such conditions as shall be specified in any such notice. In the case of any such waiver, Banks, the Agent and Borrower shall be restored to their former position and rights hereunder, and any Event of Default or Unmatured Event of Default so waived shall be deemed to be cured and not continuing; but no such waiver shall extend to or impair any subsequent or other Event of Default or Unmatured Event of Default. No failure to exercise, and no delay in exercising, on the part of the Agent of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies of Agent herein provided are cumulative and not exclusive of any rights or remedies provided by law. 13. RIGHTS OF THE AGENT. Without limiting any other rights the Agent has under the law, the Agent may, from time to time, at its option (but shall have no duty to): (a) if an Event of Default has occurred and is continuing, perform any agreement of Borrower hereunder that Borrower shall have failed to perform; (b) if an Event of Default has occurred and is continuing, take any other action which the Agent deems necessary or desirable for the preservation of the Collateral or the Agent's interest therein and the carrying out of this Agreement, including: (i) any action to collect or realize upon the Collateral; (ii) the discharge of taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral; (iii) the discharge or keeping current of any obligation of Borrower having effect on the Collateral; (iv) receiving, endorsing and collecting all checks and other orders for the payment of money made payable to Borrower representing any dividend, interest payment or other distribution payable or distributable in respect of the Collateral or any part thereof, and giving full discharge for the same; and (v) causing any person or entity having possession of any Collateral to acknowledge that such person or entity holds such Collateral for the benefit of the Agent; and Page 12 of 15 (c) sign, file, authenticate, and authorize the signing, filing and authentication of, such financing statements and other documents respecting any right of the Agent in the Collateral, in any and all jurisdictions as the Agent shall determine in its discretion. Borrower hereby appoints the Agent as Borrower's attorney in fact, which appointment is and shall be deemed to be irrevocable and coupled with an interest, for purposes of performing acts and signing and delivering any agreement, document, or instrument, on behalf of Borrower in accordance with this Section. Borrower immediately will reimburse the Agent for all expenses so incurred by the Agent. 14. THE AGENT MAY ALSO BE INTERMEDIARY. Borrower hereby irrevocably waives, releases and forever relinquishes any claim or right of any nature whatsoever based upon the fact that Intermediary may be the Agent or a Bank or an Agent Affiliate, and hereby irrevocably consents to any such circumstance. The rights and powers of the Agent and the Banks shall not in any way be restricted by reason of any such present or future circumstance. 15. FURTHER ASSURANCES. Borrower agrees to do (or cause to be done) such further acts and things, and to execute and deliver (or cause to be executed and delivered) such additional conveyances, assignments, agreements, and instruments, as the Agent may at any time reasonably request in connection with the Collateral or any part thereof or in order better to assure and confirm unto the Agent its rights, powers and remedies hereunder. 16. INVESTMENT DECISIONS. Borrower agrees that, except for a duty of good faith, the Agent shall have no duty to Borrower with regard to decisions which the Agent may make with regard to purchasing, holding or selling Collateral while the same shall be under the Agent's control. 17. NOTICES. All notices, requests and demands to or upon the respective parties hereto shall be deemed to have been given or made five business days after a record has been deposited in the mail, postage prepaid, or one business day after a record has been deposited with a recognized overnight courier, charges prepaid or to be billed to the sender, or on the day of delivery if delivered manually with receipt acknowledged, in each case addressed or delivered if to the Agent to its banking office indicated above (Attention: Bradley Blevins) and if to Borrower to its address set forth above, or to such other address as may be hereafter designated in writing by the respective parties hereto by a notice in accord with this Section. 18. MISCELLANEOUS. This Agreement, the Related Documents, and any document or instrument executed in connection herewith or therewith, unless in each case otherwise specifically provided therein: (i) shall be governed by and construed in accordance with the internal law of the State of New York, except to the extent if any that the Uniform Commercial Code of the State of New York provides for the application of the law of a different State; and (ii) shall be deemed to have been executed in the State of New York. This Agreement shall bind Borrower and its successors and assigns, as well as all persons and entities who become bound as a Borrower to this Agreement, and shall inure to the benefit of the Agent, its successors and Page 13 of 15 assigns, except that neither Borrower nor any person or entity who or which becomes bound as a Borrower hereto may transfer or assign any rights or obligations hereunder without the prior written consent of the Agent. Borrower agrees to pay upon demand all expenses (including attorneys' fees, legal costs and expenses, and time charges of attorneys who may be employees of the Agent, in each case whether in or out of court, in original or appellate proceedings or in bankruptcy) incurred or paid by the Agent or any holder hereof in connection with the enforcement or preservation of its rights hereunder, under any Related Document, or under any document or instrument executed in connection herewith or therewith. This Agreement may be executed in two or more counterparts, and (if there is more than one party) by each party on separate counterparts, each of which shall be deemed an original but which together shall constitute one and the same instrument. 19. WAIVER OF JURY TRIAL, ETC. BORROWER AND (BY ITS ACCEPTANCE HEREOF AS PROVIDED BELOW) THE AGENT HEREBY IRREVOCABLY AGREE THAT ALL SUITS, ACTIONS OR OTHER PROCEEDINGS WITH RESPECT TO, ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY RELATED DOCUMENT SHALL BE SUBJECT TO LITIGATION IN COURTS HAVING SITUS WITHIN OR JURISDICTION OVER THE STATE OF NEW YORK AND IN THE COUNTY OF MANHATTAN. BORROWER AND (BY ITS ACCEPTANCE HEREOF AS PROVIDED BELOW) THE AGENT HEREBY CONSENT AND SUBMIT TO THE JURISDICTION OF ANY LOCAL, STATE OR FEDERAL COURT LOCATED IN OR HAVING JURISDICTION OVER SUCH COUNTY AND STATE, AND HEREBY IRREVOCABLY WAIVE ANY RIGHT THEY OR ANY OF THEM MAY HAVE TO REQUEST OR DEMAND TRIAL BY JURY, TO TRANSFER OR CHANGE THE VENUE OF ANY SUIT, ACTION OR OTHER PROCEEDING BROUGHT IN ACCORDANCE WITH THIS SECTION, OR TO CLAIM THAT ANY SUCH PROCEEDING HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NO PARTY HERETO MAY SEEK OR RECOVER PUNITIVE OR CONSEQUENTIAL DAMAGES IN ANY PROCEEDING BROUGHT UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY RELATED DOCUMENT. Page 14 of 15 BORROWER: JAFASA CONTINUED IRREVOCABLE TRUST By: JMD Delaware, Inc., not individually but solely as Trustee By: /s/ John J. O'Neil Name: John J. O'Neil Title: Vice President ACCEPTED: THE NORTHERN TRUST COMPANY, as Agent and a Lender By: /s/ Bradley Blevins Print Name: Bradley Blevins Title: Senior Vice President SUNTRUST BANK, as a Lender By: /s/ Margaret D'Angelo Print Name: Margaret D'Angelo Title: Senior Vice President Page 15 of 15 EX-99 4 ex31-sc13da7.txt EXHIBIT 31 EXHIBIT 31 ---------- POWER OF ATTORNEY Know all by these presents, that each of the undersigned parties hereby constitutes and appoints each of James M. Dubin, Eric Goodison and John J. O'Neil, signing singly, such party's true and lawful attorney-in-fact to: (1) execute for and on behalf of such party, all documents relating to the reporting of beneficial ownership of securities required to be filed with the United States Securities and Exchange Commission (the "SEC") pursuant to Section 13(d) or Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder (the "Exchange Act"), including, without limitation, Schedule 13D and Form 3, Form 4 and Form 5 and successive forms thereto; (2) do and perform any and all acts for and on behalf of such party that may be necessary or desirable to complete and execute any such documents, complete and execute any amendment or amendments thereto, and timely file such documents with the SEC and any stock exchange, automated quotation system or similar authority; and (3) take any other action of any type whatsoever in furtherance of the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, such party, it being understood that the documents executed by such attorney-in-fact on behalf of such party pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. Such party hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such party might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of such party, are not assuming, nor is Carnival Corporation or Carnival plc assuming, any of the undersigned's responsibilities to comply with the Exchange Act. This Power of Attorney shall remain in full force and effect until such party is no longer required to file such documents with respect to such party's holdings of and transactions in securities issued by the Carnival Corporation or Carnival plc, unless earlier revoked by such party in a signed writing delivered to the foregoing attorneys-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 29th day of October, 2004. ETERNITY ONE TRUST By: JPMORGAN TRUST COMPANY OF DELAWARE, as Trustee By: /s/ George W. Kern ------------------ George W. Kern Vice President JPMORGAN TRUST COMPANY OF DELAWARE By: /s/ George W. Kern ------------------ George W. Kern Vice President -----END PRIVACY-ENHANCED MESSAGE-----