-----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, HaK/M2ho++Rny8sTc8tpi8SIkzORWFfe3LDn6bukY/Yq520g7zcHl8Pxy0fB6fwD 4nukIlVSMLZIhhxn7Ob7AA== 0000898822-02-000616.txt : 20020430 0000898822-02-000616.hdr.sgml : 20020430 ACCESSION NUMBER: 0000898822-02-000616 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020430 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROLOGIS TRUST CENTRAL INDEX KEY: 0000899881 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 742604728 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45898 FILM NUMBER: 02625580 BUSINESS ADDRESS: STREET 1: 14100 EAST 35TH PLACE CITY: AURORA STATE: CO ZIP: 80011 BUSINESS PHONE: 3033759292 MAIL ADDRESS: STREET 1: 14100 EAST 35TH PLACE CITY: AURORA STATE: CO ZIP: 80011 FORMER COMPANY: FORMER CONFORMED NAME: SECURITY CAPITAL INDUSTRIAL TRUST DATE OF NAME CHANGE: 19931228 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SECURITY CAPITAL GROUP INC/ CENTRAL INDEX KEY: 0000923687 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 363692698 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 125 LINCOLN AVE CITY: SANTA FE STATE: NM ZIP: 87501 BUSINESS PHONE: 5059829292 MAIL ADDRESS: STREET 1: 125 LINCOLN AVE CITY: SANTA FE STATE: NM ZIP: 87501 FORMER COMPANY: FORMER CONFORMED NAME: SECURITY CAPITAL REALTY INC ET AL DATE OF NAME CHANGE: 19940524 SC 13D/A 1 april29-13da.txt AMENDMENT NO. 15 TO SCHEDULE 13-D ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------- SCHEDULE 13D/A INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2 (AMENDMENT NO. 15) PROLOGIS TRUST (NAME OF ISSUER) COMMON SHARES OF BENEFICIAL INTEREST, $.01 PAR VALUE ---------------------------------------------------------- (Title of Class of Securities) 743410 10 2 - -------------------------------------------------------------------------------- (CUSIP Number) JEFFREY A. KLOPF, SECRETARY SECURITY CAPITAL GROUP INCORPORATED 125 LINCOLN AVENUE SANTA FE, NEW MEXICO 87501 (505) 982-9292 ---------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) APRIL 29, 2002 ---------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: [ ]. (Continued on following pages) (Page 1 of 11 Pages) ================================================================================ SCHEDULE 13D - ----------------------------- ------------------------- CUSIP NO. 861907 10 3 Page 2 of 11 - ----------------------------- ------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS Security Capital Group Incorporated I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 36-3692698 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Maryland - -------------------------------------------------------------------------------- Number of 7. SOLE VOTING POWER Shares 49,903,814 ------------------------------------------------------------------ Beneficially 8. SHARED VOTING POWER Owned By -0- ------------------------------------------------------------------ Each 9. SOLE DISPOSITIVE POWER Reporting 49,903,814 ------------------------------------------------------------------ Person With 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 49,903,814 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON REPORTING CO - -------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------- ------------------------- CUSIP NO. 861907 10 3 Page 3 of 11 - ----------------------------- ------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS SC Capital Incorporated I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 74-2985638 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS BK, OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Nevada - -------------------------------------------------------------------------------- Number of 7. SOLE VOTING POWER Shares 49,903,814 ------------------------------------------------------------------ Beneficially 8. SHARED VOTING POWER Owned By -0- ------------------------------------------------------------------ Each 9. SOLE DISPOSITIVE POWER Reporting 49,903,814 ------------------------------------------------------------------ Person With 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 49,903,814 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON REPORTING CO - -------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------- ------------------------- CUSIP NO. 861907 10 3 Page 4 of 11 - ----------------------------- ------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS SC Incorporated I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 88-0330184 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS BK, OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Nevada - -------------------------------------------------------------------------------- Number of 7. SOLE VOTING POWER Shares 49,903,814 ------------------------------------------------------------------ Beneficially 8. SHARED VOTING POWER Owned By -0- ------------------------------------------------------------------ Each 9. SOLE DISPOSITIVE POWER Reporting 49,903,814 ------------------------------------------------------------------ Person With 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 49,903,814 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON REPORTING CO - -------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------- ------------------------- CUSIP NO. 861907 10 3 Page 5 of 11 - ----------------------------- ------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS Security Capital Operations Incorporated I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 52-2146697 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS BK, OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Maryland - -------------------------------------------------------------------------------- Number of 7. SOLE VOTING POWER Shares 49,903,814 ------------------------------------------------------------------ Beneficially 8. SHARED VOTING POWER Owned By -0- ------------------------------------------------------------------ Each 9. SOLE DISPOSITIVE POWER Reporting 49,903,814 ------------------------------------------------------------------ Person With 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 49,903,814 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON REPORTING CO - -------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------- ------------------------- CUSIP NO. 861907 10 3 Page 6 of 11 - ----------------------------- ------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS Security Capital Warehouse Distribution Business Trust I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 74-2869170 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS BK, OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Maryland - -------------------------------------------------------------------------------- Number of 7. SOLE VOTING POWER Shares 49,903,814 ------------------------------------------------------------------ Beneficially 8. SHARED VOTING POWER Owned By -0- ------------------------------------------------------------------ Each 9. SOLE DISPOSITIVE POWER Reporting 49,903,814 ------------------------------------------------------------------ Person With 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 49,903,814 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON REPORTING CO - -------------------------------------------------------------------------------- This Amendment No. 15 (this "Amendment") is being filed to a Schedule 13D filed by Security Capital Group Incorporated, formerly known as Security Capital Realty Incorporated, a Maryland corporation ("Group"), SC Capital Incorporated, a Nevada corporation and wholly owned subsidiary of Group ("SC Capital"), SC Realty Incorporated, a Nevada corporation and wholly owned subsidiary of SC Capital ("SC-Realty"), Security Capital Operations Incorporated, a Maryland corporation and wholly owned subsidiary of SC-Realty ("Operations"), and Security Capital Warehouse Distribution Business Trust, a Maryland real estate investment trust and subsidiary of Operations (formerly West Mixed-Use Realty Investors Trust, "West"), and amends the Schedule 13D filed by Group, SECAP Realty Incorporated, a Delaware corporation ("SECAP"), Security Capital Group Incorporated, a Delaware corporation ("Old Group"), and William D. Sanders, an individual, on March 11, 1994, and amended on August 16, 1994, September 28, 1994, October 7, 1994, August 24, 1995, September 30, 1995, August 21, 1996, September 26, 1997, April 30, 1997, October 8, 1997, April 26, 1999, December 11, 2001, December 17, 2001, and March 11, 2002 (as so amended, the "13D"). Capitalized terms used herein without definition shall have the meanings ascribed thereto in the 13D. ITEM 4. PURPOSE OF THE TRANSACTION Item 4 is hereby amended to add the following: On April 29, 2002, pursuant to Section 2.6(a) of the Merger Agreement, GE Capital elected (the "Stock Election") to make 39,121,830 shares of the Common Stock beneficially owned by Security Capital a part of the Merger Consideration and to reduce the amount of cash to be included in the Merger Consideration pursuant to the terms of such Section 2.6(a). In accordance with Section 2.6(c) of the Merger Agreement, GE Capital has the right to revoke the Stock Election at any time on or before May 4, 2002. A copy of the Stock Election is attached hereto as Exhibit 6 and incorporated herein by reference. The aggregate number of shares of ProLogis Common Stock to be distributed by Security Capital at the Effective Time pursuant to the Stock Election described above will be based on the actual number of Shares of Security Capital outstanding at such time. Based on the current number of outstanding Shares of Security Capital, GE Capital's Stock Election will result in Security Capital retaining approximately 9.8% of the outstanding shares of ProLogis Common Stock following the Merger. If 39,121,830 shares of ProLogis Common Stock are distributed as Merger Consideration, Group will own approximately 9.8% of the ProLogis Common Stock after the Merger. Accordingly, at such time, and for as long as Group owned less than 10% of the ProLogis Common Stock, Group would no longer have the right to designate any persons for nomination to the ProLogis Board of Trustees, pursuant to the Third Amended and Restated Investor Agreement between Group and ProLogis (the "Investor Agreement"). Similarly, upon completion of the merger and distribution of 32.8 million shares of ProLogis Common Stock, Group would no longer have approval rights with respect to ProLogis actions including: (1) the issuance of equity securities or securities convertible into equity securities (other than issuances in connection with option, dividend reinvestment and similar plans) for less than the fair market value of such securities; (2) the issuance of any preferred shares which would result in the fixed charge coverage ratio (as defined in the investor agreement) being less than 1.4 to 1.0; (3) adopting any employee benefit plans under which common shares may be issued; (4) the compensation of ProLogis' senior officers; and (5) the incurrence of additional indebtedness which would result in the interest expense coverage ratio (as defined in the investor agreement) being less than 2.0 to 1.0. Both prior to and following the Merger, Group will continue to be the beneficial owner of ProLogis Common Stock, and any action or discussions taken in such connection will be subject to and conducted in accordance with all applicable legal rules and contractual agreements to which Group is subject or which otherwise apply to the purchase or sale of ProLogis Common Stock including, without limitation, the Merger Agreement. Subject to these requirements and limitations, however, Group reserves all of its rights with respect to its investment intent as previously described in this Schedule 13D. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 6 Letter from General Electric Capital Corporation to Security Capital Group Incorporated dated April 29, 2002. SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. SECURITY CAPITAL GROUP INCORPORATED By: /s/ Jeffrey A. Klopf ---------------------------------- Name: Jeffrey A. Klopf Title: Senior Vice President and Secretary SC CAPITAL INCORPORATED By: /s/ Jeffrey A. Klopf ---------------------------------- Name: Jeffrey A. Klopf Title: Secretary SC REALTY INCORPORATED By: /s/ Jeffrey A. Klopf ---------------------------------- Name: Jeffrey A. Klopf Title: Secretary SECURITY CAPITAL OPERATIONS INCORPORATED By: /s/ Jeffrey A. Klopf ---------------------------------- Name: Jeffrey A. Klopf Title: Secretary SECURITY CAPITAL WAREHOUSE DISTRIBUTION BUSINESS TRUST By: /s/ Jeffrey A. Klopf ---------------------------------- Name: Jeffrey A. Klopf Title: Secretary April 29, 2002 Exhibit Index Exhibit 6 Letter from General Electric Capital Corporation to Security Capital Group Incorporated dated April 29, 2002. EX-6 3 exhibit6to13d.txt EXHIBIT 6 [GE CAPITAL LETTERHEAD] April 29, 2002 Security Capital Group Incorporated 125 Lincoln Avenue Santa Fe, New Mexico 87501 Attention: Jeffrey A. Klopf, Esq. Re: ProLogis Trust ("ProLogis") Stock Election ------------------------------------------ Dear Mr. Klopf: Reference hereby is made to the Agreement and Plan of Merger, dated as of December 14, 2001 (the "Merger Agreement"), by and among Security Capital Group Incorporated, a Maryland corporation ("Security Capital"), General Electric Capital Corporation, a Delaware corporation ("GE Capital"), and EB Acquisition Corp., a Maryland corporation and indirect wholly owned subsidiary of GE Capital ("Merger Sub"). Capitalized terms used and not defined herein shall have the meanings set forth in the Merger Agreement. Pursuant to Section 2.6 (a) of the Merger Agreement, GE Capital hereby elects the Stock Election and designates an aggregate of 39,121,830 shares of the ProLogis Common Stock owned by Security Capital as the total number of shares of ProLogis Common Stock to be a part of the Merger Consideration. Pursuant to such election, the Class B Stock Consideration shall be equal to 0.23015373 shares of ProLogis Common Stock (derived by multiplying 39,121,830 shares of the ProLogis Common Stock by 0.0000000058830, the Class B Per Share Factor). The aggregate number of shares of ProLogis Common Stock to be distributed by Security Capital at the Effective Time pursuant to the Stock Election described above will be based on the actual number of Shares of Security Capital outstanding at such time. Based on the current number of outstanding Shares of Security Capital, GE Capital's Stock Election will result in Security Capital retaining approximately 9.8% of the outstanding shares of ProLogis Common Stock following the Merger. In accordance with Section 2.6 (c) of the Merger Agreement, GE Capital hereby reserves its right to revoke the Stock Election at any time on or before May 4, 2002. [Signatures to appear on following page] Please acknowledge your agreement with the foregoing by signing where indicated below and returning by facsimile a copy to my attention at (203) 357-6768. Sincerely, GENERAL ELECTRIC CAPITAL CORPORATION By: /s/ Alec Burger --------------------------- Name: Alec Burger Title: Sr. Vp. Business Dev. Acknowledged and agreed to: SECURITY CAPITAL GROUP INCORPORATED By: /s/ Jeffrey A. Klopf --------------------------- Name: Jeffrey A. Klopf Title: Senior Vice President and Secretary cc: Adam Emmerich, Esq. Wachtell, Lipton, Rosen & Katz 51 West 52nd Street New York, New York 10019 -2- -----END PRIVACY-ENHANCED MESSAGE-----