-----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, Q5dqFap3XSK0kgrqiEE3np4maQETNtrLTwTI/NYELVJKBSRXY/MOQm9kc1mVBBMS aZplLt11DMq4gMxUXlLnMw== 0000898430-99-000374.txt : 19990208 0000898430-99-000374.hdr.sgml : 19990208 ACCESSION NUMBER: 0000898430-99-000374 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990205 GROUP MEMBERS: ALFRED C. MUNGER TRUSTS GROUP MEMBERS: CHARLES T. & NANCY B. MUNGER TRUSTS GROUP MEMBERS: MUNGER CHARLES T GROUP MEMBERS: NBACTMC PARTNERSHIP GROUP MEMBERS: PHILIP B. MUNGER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRICE ENTERPRISES INC CENTRAL INDEX KEY: 0000929647 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512] IRS NUMBER: 330628740 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-43425 FILM NUMBER: 99522960 BUSINESS ADDRESS: STREET 1: 4649 MORENA BLVD CITY: SAN DIEGO STATE: CA ZIP: 92117 BUSINESS PHONE: 6195814679 MAIL ADDRESS: STREET 1: 4649 MORENA BLVD CITY: SAN DIEGO STATE: CA ZIP: 92117 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MUNGER CHARLES T CENTRAL INDEX KEY: 0001078511 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 355 S GRAND AVE STREET 2: 34TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 2136839239 MAIL ADDRESS: STREET 1: 355 S GRAND AV STREET 2: 34TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)/1/ Price Enterprises, Inc. ---------------------------------------------------------- (Name of Issuer) 8 3/4% Series A Cumulative Redeemable Preferred Stock ----------------------------------------------------------- (Title of Class of Securities) 74144 30 1 -------------------------------------------------------------- (CUSIP Number) February 3, 1999 -------------------------------------------------------------- (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) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) (Continued on following pages) Page 1 of 13 Pages - ---------------- /1/ 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). - ----------------------- --------------------- CUSIP NO. 74144 30 1 13G PAGE 2 OF 13 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Charles T. Munger - ------------------------------------------------------------------------------ CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZEN OR PLACE OF ORGANIZATION 4 United States Citizen - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 15,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 None OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 15,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 15,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 0.1 - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 74144 30 1 13G PAGE 3 OF 13 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Philip B. Munger - ------------------------------------------------------------------------------ CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZEN OR PLACE OF ORGANIZATION 4 United States Citizen - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 92,115 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 None OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 92,115 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 92,115 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 0.4 - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 74144 30 1 13G PAGE 4 OF 13 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NBACTMC Partnership 95-471978 - ------------------------------------------------------------------------------ CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZEN OR PLACE OF ORGANIZATION 4 California - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 1,275,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 None OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 1,275,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,275,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 5.4 - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 74144 30 1 13G PAGE 5 OF 13 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Alfred C. Munger Trusts (E. Leroy Tolles, Trustee) - ------------------------------------------------------------------------------ CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZEN OR PLACE OF ORGANIZATION 4 California - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 287,040 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 None OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 287,040 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 287,040 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 1.2 - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 OO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 74144 30 1 13G PAGE 6 OF 13 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Charles T. and Nancy B. Munger Trusts (Richard D. Esbenshade, Trustee) - ------------------------------------------------------------------------------ CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZEN OR PLACE OF ORGANIZATION 4 California - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 330,845 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 None OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 330,845 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 330,845 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 1.4 - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 OO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1(a). Name of Issuer: Price Enterprises, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 4649 Morena Boulevard San Diego, California 92117 Item 2(a). Name of Persons Filing: Item 2(b). Address of Principal Business Office: Item 2(c). Citizenship: This Statement is filed by the following persons (collectively, the "Reporting Persons"): Charles T. Munger 355 South Grand Avenue Suite 3400 Los Angeles, California 90071 (United States Citizen) Philip B. Munger 351 North June Street Los Angeles, California 90004 (United States Citizen) NBACTMC Partnership P.O. Box 55007 Los Angeles, CA 90055 (California General Partnership) Alfred C. Munger Trusts E. Leroy Tolles, Trustee 355 South Grand Avenue Los Angeles, CA 90071 (California Trust) Charles T. and Nancy B. Munger Trusts Richard D. Esbenshade, Trustee 355 South Grand Avenue Los Angeles, CA 90071 (California Trust) Item 2(d). Title of Class of Securities: 8 3/4% Series A Cumulative Redeemable Preferred Stock Page 7 of 13 Item 2(e). CUSIP Number: 74144 30 1 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Section 15 of the Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Act. (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act. (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940. (e) [ ] An investment advisor registered 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)(ii)(G); (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). If this statement is filed pursuant to Rule 13d-1(c), check this box. [x] Item 4. Ownership The Reporting Persons, as of February 3, 1999, beneficially owned in aggregate more than five percent of the outstanding 8 3/4% Series A Cumulative Redeemable Preferred Stock as follows: Charles T. Munger (a) Amount Beneficially Owned: 15,000 Page 8 of 13 (b) Percent of Class: 0.1 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 15,000 (ii) shared power to vote or to direct the vote: None (iii) sole power to dispose or direct the disposition of: 15,000 (iv) shared power to dispose or to direct the disposition of: None Philip B. Munger (a) Amount Beneficially Owned: 92,115 (b) Percent of Class: 0.4 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 92,115* (ii) shared power to vote or to direct the vote: None* (iii) sole power to dispose or direct the disposition of: 92,115* (iv) shared power to dispose or to direct the disposition of: None* NBACTMC Partnership (a) Amount Beneficially Owned: 1,275,000 (b) Percent of Class: 5.4 (i) sole power to vote or to direct the vote: 1,275,000* (ii) shared power to vote or to direct the vote: None* (iii) sole power to dispose or to direct the disposition of: 1,275,000* (iv) shared power to dispose or to direct the disposition of: None* * But often relies on the advice of Charles T. Munger Page 9 of 13 Alfred C. Munger Trusts (E. Leroy Tolles, Trustee) (a) Amount Beneficially Owned: 287,040 (b) Percent of Class: 1.2 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 287,040* (ii) shared power to vote or to direct the vote: None* (iii) sole power to dispose or direct the disposition of: 287,040* (iv) shared power to dispose or to direct the disposition of: None* Charles T. and Nancy B. Munger Trusts (Richard D. Esbenshade, Trustee) (a) Amount Beneficially Owned: 330,845 (b) Percent of Class: 1.4 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 330,845* (ii) shared power to vote or to direct the vote: None* (iii) sole power to dispose or direct the disposition of: 330,845* (iv) shared power to dispose or to direct the disposition of: None* * But often relies on the advice of Charles T. Munger Page 10 of 13 Item 5. Ownership of Five Percent or Less of a Class. Not Applicable 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. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. 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 this 5th day of February, 1999 Page 11 of 13 /s/ Charles T. Munger - ------------------------------- Charles T. Munger /s/ Philip B. Munger - ------------------------------- Philip B. Munger NBACTMC PARTNERSHIP /s/ Molly Munger - ------------------------------- Molly Munger (General Partner) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO MOLLY MUNGER /s/ Richard D. Esbenshade - ------------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO WENDY MUNGER /s/ Richard D. Esbenshade - ------------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO CHARLES T. MUNGER JR. /s/ Richard D. Esbenshade - ------------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO BARRY A. MUNGER /s/ Richard D. Esbenshade - ------------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO WILLIAM H. BORTHWICK /s/ Richard D. Esbenshade - ------------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO DAVID B. BORTHWICK /s/ Richard D. Esbenshade - ------------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO EMILIE MUNGER OGDEN /s/ Richard D. Esbenshade - ------------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO PHILIP B. MUNGER /s/ Richard D. Esbenshade - ------------------------------- Richard D. Esbenshade (Trustee) ALFRED C. MUNGER TRUST UAD 06-01-58 FBO CHARLES T. MUNGER JR. /s/ E. Leroy Tolles - ------------------------------- E. Leroy Tolles (Trustee) ALFRED C. MUNGER TRUST UAD 06-01-58 FBO BARRY A. MUNGER /s/ E. Leroy Tolles - ------------------------------- E. Leroy Tolles (Trustee) ALFRED C. MUNGER TRUST UAD 06-01-58 FBO EMILIE MUNGER OGDEN /s/ E. Leroy Tolles - ------------------------------- E. Leroy Tolles (Trustee) Page 12 of 13 Exhibit A CONSENT TO JOINT FILING The undersigned persons hereby agree that reports on Schedule 13G, and amendments thereto, may be filed in a single statement on behalf of each of such persons, and further, each of such persons designates Charles T. Munger as its agent and Attorney-in-Fact for the purpose of executing any and all Schedule 13G filings required to be made by it with the Securities and Exchange Commission. Dated this 5th day of February, 1999. /s/ Charles T. Munger - ---------------------- Charles T. Munger /s/ Philip B. Munger - ---------------------- Philip B. Munger NBACTMC PARTNERSHIP /s/ Molly Munger - ---------------- Molly Munger CHARLES T. AND NANCY B. MUNGER TRUSTS /s/ Richard D. Esbenshade - ------------------------- Richard D. Esbenshade (Trustee) ALFRED C. MUNGER TRUSTS /s/ E. Leroy Tolles - ------------------------- E. Leroy Tolles (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO MOLLY MUNGER /s/ Richard D. Esbenshade - ------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO WENDY MUNGER /s/ Richard D. Esbenshade - ------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FOB CHARLES T. MUNGER JR. /s/ Richard D. Esbenshade - ------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO BARRY A. MUNGER /s/ Richard D. Esbenshade - ------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO WILLIAM H. BORTHWICK /s/ Richard D. Esbenshade - ------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO DAVID B. BORTHWICK /s/ Richard D. Esbenshade - ------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO EMILIE MUNGER OGDEN /s/ Richard D. Esbenshade - ------------------------- Richard D. Esbenshade (Trustee) CHARLES T. AND NANCY MUNGER TRUST UAD 12-17-76 FBO PHILIP B. MUNGER /s/ Richard D. Esbenshade - ------------------------- Richard D. Esbenshade (Trustee) ALFRED C. MUNGER TRUST UAD 06-01-58 FBO CHARLES T. MUNGER JR. /s/ E. Leroy Tolles - ------------------------- E. Leroy Tolles (Trustee) ALFRED C. MUNGER TRUST UAD 06-01-58 FBO BARRY A. MUNGER /s/ E. Leroy Tolles - ------------------------- E. Leroy Tolles (Trustee) ALFRED C. MUNGER TRUST UAD 06-01-58 FBO EMILIE MUNGER OGDEN /s/ E. Leroy Tolles - ------------------------- E. Leroy Tolles (Trustee) Page 13 of 13 -----END PRIVACY-ENHANCED MESSAGE-----