-----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, JpcAEKPNKz7f+FF15Lwo8+yONyfSCzOq7BzB5dKajtxdlFnEcMQBQrzWIknZl4/w tKIAeFFZ53MYuMqKDwGEgw== 0000929624-99-001009.txt : 19990521 0000929624-99-001009.hdr.sgml : 19990521 ACCESSION NUMBER: 0000929624-99-001009 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRE PROPERTIES INC /MD/ CENTRAL INDEX KEY: 0001011174 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 941722214 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-65833 FILM NUMBER: 99631219 BUSINESS ADDRESS: STREET 1: 44 MONTGOMERY ST STREET 2: STE 3600 CITY: SAN FRANCISCO STATE: CA ZIP: 94104-5525 BUSINESS PHONE: 4154456530 MAIL ADDRESS: STREET 1: ONE MONTGOMERY STREET STREET 2: SUITE 2500 TELESIS TOWER CITY: SAN FRANCISCO STATE: CA ZIP: 94104-5525 FORMER COMPANY: FORMER CONFORMED NAME: BRE MARYLAND INC DATE OF NAME CHANGE: 19960402 424B3 1 424(B)(3) FILING Rule 424(b)(3) Prospectus Registration No. 333-65833 PROSPECTUS SUPPLEMENT NO. 1 TO PROSPECTUS DATED NOVEMBER 18, 1998 3,452,181 Shares BRE PROPERTIES, INC. Common Stock This Prospectus Supplement supplements information contained in that certain Prospectus of BRE Properties, Inc. dated November 18, 1998 relating to the potential sale from time to time of up to 3,452,181 shares of BRE common stock by the selling shareholders of BRE Properties, Inc. identified in the Prospectus and this Prospectus Supplement. This Prospectus Supplement is not complete without, and may not be delivered or utilized except in connection with the Prospectus, including any amendments or supplements thereto. Capitalized terms used herein but not defined have the meaning assigned to such terms in the Prospectus. -------------------------- The date of this prospectus supplement is May 20, 1999 The following table supplements the information set forth in the Prospectus under the caption "Selling Shareholders" with respect to the Selling Shareholders who may sell BRE common stock pursuant to the Prospectus, as amended or supplemented.
Units Owned That May Shares Of Common Be Exchanged For Number Of Shares Of Stock Owned Common Stock Common Stock Owned Beneficially As Of After November 18, Beneficially After Selling Shareholders April 30, 1999 1998 The Offering - ------------------------------------------------------------------------------------------------------------------------------------ Kevin A. Baldridge 3,000(1) 57,538 3,000 - ------------------------------------------------------------------------------------------------------------------------------------ Clifford A. Breining 1 42,031 1 - ------------------------------------------------------------------------------------------------------------------------------------ CFP Residential, L.P. 0 382,581(2) 0 - ------------------------------------------------------------------------------------------------------------------------------------ John R. Carmichael 0 156 0 - ------------------------------------------------------------------------------------------------------------------------------------ Harlan R. Crow 0 172(3) 0 - ------------------------------------------------------------------------------------------------------------------------------------ Trammell S. Crow 0 1,394 0 - ------------------------------------------------------------------------------------------------------------------------------------ Crow Residential Realty Investors, L.P. 0 371(4) 0 - ------------------------------------------------------------------------------------------------------------------------------------ Jeffrey A. Duke 3,001(5) 73,265 3,001 - ------------------------------------------------------------------------------------------------------------------------------------ Patrick W. Dukes 0 122,920 0 - ------------------------------------------------------------------------------------------------------------------------------------ David J. Elwell 0 7,675 0 - ------------------------------------------------------------------------------------------------------------------------------------ E. Garth Erdossy 3,001(6) 77,418 3,001 - ------------------------------------------------------------------------------------------------------------------------------------ Max L. Gardner 0 2,423 0 - ------------------------------------------------------------------------------------------------------------------------------------ V. Jay Hiemenz 3,001(7) 58,295 3,001 - ------------------------------------------------------------------------------------------------------------------------------------ Robert M. Hutt 3,001(8) 73,774 3,001 - ------------------------------------------------------------------------------------------------------------------------------------ The Northwestern Mutual Life Insurance Company 175,000(9) 445,262 175,000 - ------------------------------------------------------------------------------------------------------------------------------------ Randy J. Pace 0 73,975 0 - ------------------------------------------------------------------------------------------------------------------------------------ RCS Development Corporation 0 19,340(10) 0 - ------------------------------------------------------------------------------------------------------------------------------------ Salomon Brothers Real Estate Development Corp. 0 22,280 0 - ------------------------------------------------------------------------------------------------------------------------------------ Robert C. Speicher 0 33,142(11) 0 - ------------------------------------------------------------------------------------------------------------------------------------ Robert C. Talbott 3,000(12) 58,888 3,000 - ------------------------------------------------------------------------------------------------------------------------------------ Thomas Teague 0 5,912 0 - ------------------------------------------------------------------------------------------------------------------------------------ TCF Residential Partnership Ltd. 0 196,960(13) 0 - ------------------------------------------------------------------------------------------------------------------------------------ J. Ronald Terwilliger 193,000(14) 375,145(15) 193,000 - ------------------------------------------------------------------------------------------------------------------------------------ J. Ronald Terwilliger Grantor Trust 0 371(16) 0 - ------------------------------------------------------------------------------------------------------------------------------------ William W. Thompson 0 62,100 0 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ Trammell Crow Residential Company(17) 0 1,907 0 - ------------------------------------------------------------------------------------------------------------------------------------ Bruce C. Ward 5,000(18) 577,547 5,000 - ------------------------------------------------------------------------------------------------------------------------------------ Leonard W. Wood Family Limited Partnership 0 152,194 0 - ------------------------------------------------------------------------------------------------------------------------------------ Ronald A. Yoda 0 674 0 - ------------------------------------------------------------------------------------------------------------------------------------ Other Selling Shareholders(19) 0 341,471 0 - ------------------------------------------------------------------------------------------------------------------------------------
(1) Includes options to purchase 3,000 shares of BRE common stock. Mr. Baldridge is a Vice President of BRE Properties, Inc. and the President of Alliance Property Management Company, an affiliate of BRE Properties, Inc. (2) Units are beneficially owned by the general partner of the partnership. Crow Family, Inc. is the general partner of this unitholder. The Chief Executive Officer of Crow Family, Inc. is Harlan R. Crow. (3) Does not include: (i) 382,581 units owned by CFP Residential, L.P.; (ii) 371 units owned by Crow Residential Realty Investors, L.P.; (iii) 196,960 units owned by TCF Residential Partnership Ltd.; and (iv) 1,907 units owned by Trammell Crow Residential Company. (4) Units are beneficially owned by the general partner of the partnership. Crow Family, Inc. is the general partner of this unitholder. The Chief Executive Officer of Crow Family, Inc. is Harlan R. Crow. (5) Includes options to purchase 3,000 shares of BRE common stock. Mr. Duke is a Vice President of BRE Properties, Inc., and a Vice President of BRE Builders, Inc., an affiliate of BRE Properties, Inc. (6) Includes options to purchase 3,000 shares of BRE common stock. Mr. Erdossy is a Vice President of BRE Properties, Inc. and a Vice President of BRE Builders, Inc., an affiliate of BRE Properties, Inc. (7) Includes options to purchase 3,000 shares of BRE common stock. Mr. Hiemenz is a Vice President of BRE Properties, Inc. (8) Includes options to purchase 3,000 shares of BRE common stock. Mr. Hutt is a Vice President of BRE Properties, Inc. and a Vice President of BRE Builders, Inc., an affiliate of BRE Properties, Inc. (9) 45,000 of these shares are held in the Northwestern Mutual Life Insurance Company Group Annuity Separate Account. (10) Does not include 33,142 units beneficially owned by Robert C. Speicher. (11) Does not include 19,340 units owned by RCS Development Corporation. Mr. Speicher is the President of RCS Development Corporation. (12) Includes options to purchase 3,000 shares of BRE common stock. Mr. Talbott is a Vice President of BRE Properties, Inc. (13) Units are benefically owned by the general partner of the partnership. Mill Spring Holdings, Inc. is the general partner of this unitholder. The Chief Executive Officer of Mill Spring Holdings, Inc. is Harlan R. Crow. (14) Includes options to purchase 8,000 shares of BRE common stock. Mr. Terwilliger is a Director of Trammell Crow Residential Company. (15) Does not include (i) 371 units owned by the J. Ronald Terwilliger Grantor Trust, of which Mr. Terwilliger is the sole trustee and (ii) 1,907 units owned by Trammell Crow Residential Company. (16) Does not include (i) 375,145 units owned by J. Ronald Terwilliger, who is the sole trustee of the J. Ronald Terwilliger Grantor Trust and (ii) 1,907 units owned by Trammell Crow Residential Company. (17) J. Ronald Terwilliger is the President and a Director, and Harlan R. Crow is a Director, of Trammell Crow Residential Company. (18) Includes options to purchase 5,000 shares of BRE common stock. Mr. Ward is an Executive Vice President of BRE Properties, Inc. and the President of BRE Builders, Inc., an affiliate of BRE Properties, Inc. (19) Represents selling shareholders who may be named in supplements to this prospectus. These selling shareholders may receive units exchangeable for BRE common stock upon the achievement of certain performance goals, employment or other conditions to issuance. -----END PRIVACY-ENHANCED MESSAGE-----