-----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, I238TesI75cBPGG88vppB/RBshindkVNsVTgOq7bowVJuN9acHl8gN6VfHDBjSUU t/C4fO3UR69oVWRWvGsJng== 0000950123-01-001033.txt : 20010212 0000950123-01-001033.hdr.sgml : 20010212 ACCESSION NUMBER: 0000950123-01-001033 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20010209 GROUP MEMBERS: NEW YORK LIFE INSURANCE CO GROUP MEMBERS: NYLIFE HEALTHCARE MANAGEMENT INC GROUP MEMBERS: NYLIFE LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EXPRESS SCRIPTS INC CENTRAL INDEX KEY: 0000885721 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093] IRS NUMBER: 431420563 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-42422 FILM NUMBER: 1529897 BUSINESS ADDRESS: STREET 1: 13900 REIVERPORT DRIVE CITY: MARYLAND HEIGHTS STATE: MO ZIP: 63043 BUSINESS PHONE: 3147701666 MAIL ADDRESS: STREET 1: 14000 REIVERPORT DRIVE CITY: MARYLAND HEIGHTS STATE: MO ZIP: 63043 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NEW YORK LIFE INSURANCE CO CENTRAL INDEX KEY: 0000071633 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 135582869 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 51 MADISON AVE ROOM 207 STREET 2: ATTN INVESTMENT DEPT VENTURE CAP GROUP CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2125766806 MAIL ADDRESS: STREET 1: 51 MADISON AVE ROOM 207 STREET 2: ATTN INVESTMENT DEPT VENTURE CAP GROUP CITY: NEW YORK STATE: NY ZIP: 10010 SC 13G/A 1 y44692sc13ga.txt AMENDMENT NO. 2 TO SCHEDULE 13G 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(b) (AMENDMENT NO. 2)* EXPRESS SCRIPTS, INC. (Name of Issuer) CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE (Title of Class of Securities) 302182-10-0 (CUSIP Number) N/A (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "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). 2 - -------------------------- ----------------------- CUSIP NO. 302182-10-0 13G PAGE 2 OF 10 PAGES - -------------------------- ----------------------- - --------------------------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS/ I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 1 New York Life Insurance Company - --------------------------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] 2 - --------------------------------------------------------------------------------------------------- SEC USE ONLY 3 - --------------------------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 New York - --------------------------------------------------------------------------------------------------- SOLE VOTING POWER 5 0 ------------------------------------------------------------------------------------ SHARED VOTING POWER NUMBER OF SHARES 6 8,120,000 BENEFICIALLY ------------------------------------------------------------------------------------ OWNED BY SOLE DISPOSITIVE POWER EACH REPORTING 7 8,120,000 PERSON ------------------------------------------------------------------------------------ WITH SHARED DISPOSITIVE POWER 8 0 - --------------------------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 8,120,000 - --------------------------------------------------------------------------------------------------- CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 10 (SEE INSTRUCTIONS) - --------------------------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.04% 11 - --------------------------------------------------------------------------------------------------- TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 IC - ---------------------------------------------------------------------------------------------------
3 - -------------------------- ----------------------- CUSIP NO. 302182-10-0 13G PAGE 3 OF 10 PAGES - -------------------------- ----------------------- - --------------------------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 1 NYLIFE LLC - --------------------------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] 2 - --------------------------------------------------------------------------------------------------- SEC USE ONLY 3 - --------------------------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - --------------------------------------------------------------------------------------------------- SOLE VOTING POWER 5 0 ------------------------------------------------------------------------------------ SHARED VOTING POWER NUMBER OF SHARES 6 8,120,000 BENEFICIALLY ------------------------------------------------------------------------------------ OWNED BY SOLE DISPOSITIVE POWER EACH REPORTING 7 8,120,000 PERSON ------------------------------------------------------------------------------------ WITH SHARED DISPOSITIVE POWER 8 0 - --------------------------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 8,120,000 - --------------------------------------------------------------------------------------------------- CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 10 (SEE INSTRUCTIONS) - --------------------------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.04% 11 - --------------------------------------------------------------------------------------------------- TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 OO - ---------------------------------------------------------------------------------------------------
4 - -------------------------- ----------------------- CUSIP NO. 302182-10-0 13G PAGE 4 OF 10 PAGES - -------------------------- ----------------------- - --------------------------------------------------------------------------------------------------- NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 1 NYLIFE HealthCare Management, Inc. - --------------------------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] 2 - --------------------------------------------------------------------------------------------------- SEC USE ONLY 3 - --------------------------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - --------------------------------------------------------------------------------------------------- SOLE VOTING POWER 5 0 ------------------------------------------------------------------------------------ SHARED VOTING POWER NUMBER OF SHARES 6 0 BENEFICIALLY ------------------------------------------------------------------------------------ OWNED BY SOLE DISPOSITIVE POWER EACH REPORTING 7 0 PERSON ------------------------------------------------------------------------------------ SHARED DISPOSITIVE POWER WITH 8 0 - --------------------------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 0 - --------------------------------------------------------------------------------------------------- CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 10 (SEE INSTRUCTIONS) - --------------------------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0 11 - --------------------------------------------------------------------------------------------------- TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 CO - ---------------------------------------------------------------------------------------------------
5 Item 1(a). Name of Issuer: Express Scripts, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 14000 Riverport Drive Maryland Heights, MO 63043 Item 2(a). Name of Person Filing: New York Life Insurance Company ("New York Life"); and its wholly owned subsidiary, NYLIFE LLC, the successor entity to NYLIFE Inc. ("NYLIFE"). NYLIFE HealthCare Management, Inc. ("HealthCare"), formerly a Filing Person under Schedule 13G (filed on February 17, 1998), as amended by Amendment No. 1 to Schedule 13G (filed on February 9, 1999), has distributed all of its assets to its parent, NYLIFE, and been dissolved. Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business office for each of New York Life and NYLIFE is 51 Madison Avenue, New York, NY 10010. Item 2(c). Citizenship: New York Life is a New York mutual insurance company and NYLIFE is a Delaware limited liability company. HealthCare was a Delaware corporation prior to its dissolution. Item 2(d). Title of Class of Securities. Class A Common Stock, par value $.01 per share, of the Issuer ("Class A Common Stock"). Item 2(e). CUSIP Number: 302182-10-0 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act; (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) [ ] Investment company registered under Section 8 of the Investment Company Act; (e) [ ] An investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); 6 (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1. (a) Amount beneficially owned:* 8,120,000 (b) Percent of class: 21.04% based on 38,596,891 shares outstanding as reported in the Quarterly Report on Form 10-Q filed by the Issuer on November 13, 2000. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 8,120,000** (iii) Sole power to dispose or to direct the disposition of: 8,120,000 (iv) Shared power to dispose or to direct the disposition of: 0 * NYLIFE is the beneficial owner of 8,120,000 shares (the "Shares") of Class A Common Stock, which represents approximately 21.04% of the outstanding shares of Class A Common Stock based on 38,596,891 shares outstanding as reported in the Quarterly Report on Form 10-Q filed by the Issuer on November 13, 2000. New York Life owns the entire limited liability company interest of NYLIFE and, as a result, may be deemed to be the beneficial owner of the Shares. 7 ** In a public offering completed on November 7, 2000, the Express Scripts Automatic Exchange Security Trust, a New York business trust (the "Trust"), sold 3,450,000 $4.83 Trust Issued Automatic Exchange Securities ("Trust Securities"). The Trust Securities are securities that represent all of the beneficial interests in the Trust, which owns U.S. Treasury Securities and a prepaid forward contract (the "Contract") with NYLIFE for the purchase of up to 3,450,000 shares of Class A Common Stock now beneficially owned by NYLIFE. Specifically, the Contract obligates NYLIFE to deliver to the Trust on November 15, 2003 (subject to extension and acceleration) (the "Exchange Date") a number of shares of Class A Common Stock equal to the product of the "Exchange Rate" times 3,450,000, or at NYLIFE's option in lieu of shares, to deliver an amount of cash equal to the then Average Market Price (as defined in the Contract) of the number of shares of Class A Common Stock otherwise deliverable. The Exchange Rate is equal to: (a) if the then Average Market Price is less than $82.80 per share but equal to or greater than $69.00 per share, a fraction equal to $69.00 divided by the then Average Market Price; (b) if the then Average Market Price is equal to or greater than $82.80 per share, 0.8333; and (c) if the then Average Market Price is less than $69.00 per share, 1.0, subject in each case to certain antidilution and extraordinary transaction adjustments. NYLIFE has granted the Trust a security interest in 3,450,000 shares of the Class A Common Stock to secure its performance under the Contract. Unless and until NYLIFE distributes the shares of Class A Common Stock subject to the Contract to the Trust, NYLIFE will retain beneficial ownership of such shares. If NYLIFE delivers 3,450,000 shares of Class A Common Stock on the Exchange Date, NYLIFE's beneficial ownership of Class A Common Stock will be reduced to 4,670,000 shares or 12.1% of the Class A Common Stock outstanding based on 38,596,891 shares outstanding as reported in the Quarterly Report on Form 10-Q filed by the Issuer on November 13, 2000. Under a Stockholder and Registration Rights Agreement between the Issuer and New York Life, New York Life has agreed, and agreed to cause each of its subsidiaries, including NYLIFE, to vote (A) the 3,450,000 shares of Class A Common Stock pledged to the Trust in the same proportion and to the same effect as the votes cast by the other stockholders of the Issuer at any meeting of stockholders (or in any written consent) of the Issuer and (B) all voting securities of the Issuer, including the 8,120,000 shares of Class A Common Stock, held by New York Life (and any of its subsidiaries, including NYLIFE) in favor of the Issuer's slate of nominees for directors recommended by the Issuer's Board of Directors for election by stockholders of the Issuer (provided that, so long as New York Life is entitled to representation on the Issuer's Board of Directors pursuant to the Stockholder and Registration Rights Agreement, such slate includes New York Life's nominees) and the adoption of the Issuer's 2000 Long-Term Incentive Plan (as approved by the Issuer's Board of Directors). Also, under the Stockholder and Registration Rights Agreement and a certain underwriting agreement, dated November 1, 2000, New York Life and NYLIFE agreed to certain restrictions as to the transfer of the Shares, which lapsed on February 6, 2001. Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. See Item 2(a) with respect to the dissolution of HealthCare. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable 8 Item 8. Identification and Classification of Members of the Group. Not applicable Item 9. Notice of Dissolution of Group. Not applicable Item 10. Certifications. Not applicable 9 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 31, 2001 NEW YORK LIFE INSURANCE COMPANY By: /s/ RICHARD M. KERNAN, JR. ------------------------------- Name: Richard M. Kernan, Jr. Title: Executive Vice President and Chief Investment Officer NYLIFE LLC By: /s/ RICHARD M. KERNAN, JR. ------------------------------- Name: Richard M. Kernan, Jr. Title: Chairman and President NYLIFE HEALTHCARE MANAGEMENT, INC. By: /s/ RICHARD M. KERNAN, JR. ------------------------------- Name: Richard M. Kernan, Jr. Title: Senior Vice President 10 EXHIBIT INDEX Exhibit No. Description 99.1 Joint Filing Agreement EX-99.1 2 y44692ex99-1.txt JOINT FILING AGREEMENT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1)(iii) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class A Common Stock, par value $0.01 per share, of Express Scripts, Inc., and further agree that this Agreement shall be included as an exhibit to such joint filing. The undersigned further agree that each party hereto is responsible for the timely filing of such statement on Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided that no party is responsible for the completeness or accuracy of the information concerning the other parties, unless such party knows or has reason to believe that such information is inaccurate. In evidence thereof the undersigned, being duly authorized, hereby execute this Agreement this 31st day of January, 2001. NEW YORK LIFE INSURANCE COMPANY By: /s/ RICHARD M. KERNAN, JR. ------------------------------- Name: Richard M. Kernan, Jr. Title: Executive Vice President and Chief Investment Officer NYLIFE LLC By: /s/ RICHARD M. KERNAN, JR. ------------------------------- Name: Richard M. Kernan, Jr. Title: Chairman and President NYLIFE HEALTHCARE MANAGEMENT, INC. By: /s/ RICHARD M. KERNAN, JR. ------------------------------- Name: Richard M. Kernan, Jr. Title: Senior Vice President -----END PRIVACY-ENHANCED MESSAGE-----