-----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, Rk+af2AaswkN5OOLojrBi+zQ/c6f/vvVaEDlx0HDMTKshMWdrnVK/Cgpl3bWJZ14 UPigIcAowFQMTdIyiJLpOg== 0000902561-03-000296.txt : 20030617 0000902561-03-000296.hdr.sgml : 20030617 20030617132434 ACCESSION NUMBER: 0000902561-03-000296 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030617 GROUP MEMBERS: CADIM ACQUISITION, LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CADIM INC CENTRAL INDEX KEY: 0001158368 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 800 SQUARE VICTORIA BUREAU 4400 STREET 2: CASE POSTALE 118 CITY: MONTREAL QUEBEC H42 1B7 STATE: A8 ZIP: 00000 BUSINESS PHONE: 15148753360 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRIME GROUP REALTY TRUST CENTRAL INDEX KEY: 0001042798 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 364173047 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51993 FILM NUMBER: 03747011 BUSINESS ADDRESS: STREET 1: 77 WEST WACKER DR STREET 2: STE 3900 CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3129171300 MAIL ADDRESS: STREET 1: 77 WEST WACKER DRIVE STREET 2: SUITE 3900 CITY: CHICAGO STATE: IL ZIP: 60601 SC 13D/A 1 sc13d.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4) Prime Group Realty Trust - -------------------------------------------------------------------------------- (Name of Issuer) Common Shares of Beneficial Interest, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 74158J 10 3 - -------------------------------------------------------------------------------- (CUSIP Number) Sylvie Drouin Vice President, Legal Affairs Cadim inc. Centre CDP Capital 1000, place Jean-Paul Riopelle Bureau A-300 Montreal, Quebec H2Z 2B6 (514) 875-3345 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 13, 2003 - -------------------------------------------------------------------------------- (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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ] (Continued on following pages) (Page 1 of 6 Pages) CUSIP No.:74158J 10 3 SCHEDULE 13D Page 2 of 6 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Cadim inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION QUEBEC - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 3,972,446 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 7,944,893* - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,944,893* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- CUSIP NO.: 74158J 10 3 SCHEDULE 13D Page 3 of 6 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Cadim Acquisition, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 3,972,446 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 7,944,893* - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,944,893* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO (limited liability company) - -------------------------------------------------------------------------------- * On November 19, 2001, Cadim inc. ("Cadim"), Cadim Acquisition, LLC ("Cadim Acquisition"), Vornado PS, L.L.C. ("VPS") and Vornado Realty L.P. ("VRLP" and, together with VPS, the "Vornado Parties") executed a letter agreement (the "Letter Agreement") described in Item 4. By virtue of entering into the Letter Agreement, Cadim may be deemed to have formed a group with the Vornado Parties for purposes of Rule 13d-5 under the Securities Exchange Act of 1934, as Page 4 of 6 amended (the "Exchange Act"). The Vornado Parties, directly or indirectly, hold loans of Primestone Investment Partners L.P. (the "Borrower") which were secured by a pledge of partnership units (the "Common Units") of Prime Group Realty, L.P. ("PGLP") held by the Borrower. On April 30, 2002, the Vornado Parties acquired the same Common Units at a foreclosure auction described in Item 4. On June 28, 2002, the Vornado Parties assigned approximately fifty percent of the Common Units to Cadim Acquisition. The Common Units were exchangeable for common shares of beneficial interest, par value $0.01 per share (the "Common Shares") of Prime Group Realty Trust (the "Company") or, at the option of the Company with respect to the Common Units beneficially owned by the Vornado Parties, cash. On June 11, 2003, the Common Units beneficially owned by the Vornado Parties were exchanged for 3,972,447 Common Shares, and on June 13, 2003, the Common Units beneficially owned by Cadim Acquisition were exchanged for 3,972,446 Common Shares. Cadim and Cadim Acquisition continue to have various rights and obligations with respect to the Common Shares pursuant to the Letter Agreement. As such, the Vornado Parties, Cadim and Cadim Acquisition may be deemed to share beneficial ownership of the equity securities owned by each of them, and Cadim and Cadim Acquisition may thus be deemed to beneficially own 7,944,893 Common Shares. The filing of this statement on Schedule 13D shall not be construed as an admission that any such person is, for purposes of Section 13(d) or Section 13(g) of the Exchange Act, the beneficial owner of any securities held by any other person. Page 5 of 6 ITEM 4. PURPOSE OF THE TRANSACTION Item 4 is hereby amended by replacing the seventh paragraph thereof with the following: On May 23, 2003, pursuant to the terms of the Consent and Agreement, Cadim Acquisition delivered written notice to the Company and PGLP electing to exercise its right to exchange all of the 3,972,446 Common Units beneficially owned by Cadim Acquisition for Common Shares. In accordance with the terms of the Consent and Agreement, the Company caused the exchange of the Common Units for Common Shares on June 13, 2003, and Cadim Acquisition now beneficially owns 3,972,446 Common Shares and no Common Units. Cadim and Cadim Acquisition continue to have various rights and obligations with respect to the Common Shares pursuant to the Letter Agreement. VPS has notified Cadim and Cadim Acquisition that VPS also delivered notice to the Company electing to exercise exchange rights with respect to the 3,972,447 Common Units beneficially owned by VPS. VPS further notified Cadim and Cadim Acquisition that the Company elected to deliver Common Shares rather than cash as part of such exchange and, on June 11, 2003, the Company issued 3,972,447 Common Shares to VPS in exchange for the Common Units held by VPS. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5(a) - (b) is hereby amended to read in its entirety as follows: By reason of the assignment and transfer to Cadim Acquisition of 3,972,446 Common Units and the subsequent exchange of these Common Units for Common Shares, as described in Item 4 of this Schedule 13D, Cadim and Cadim Acquisition may be deemed to have beneficial ownership of 3,972,446 Common Shares. In addition, by reason of the Letter Agreement described in Item 4 of this Schedule 13D, Cadim and Cadim Acquisition may be deemed to have formed a group with the Vornado Parties for purposes of Rule 13d-5 under the Exchange Act, and accordingly may be deemed to share with the Vornado Parties beneficial ownership of the equity securities that may be beneficially owned by the Vornado Parties. As such, Cadim and Cadim Acquisition may be deemed to beneficially own 7,944,893 Common Shares representing approximately 33.6% of the total outstanding Common Shares. The filing of this statement on Schedule 13D shall not be construed as an admission that any such person is, for purposes of Section 13(d) or Section 13(g) of the Exchange Act, the beneficial owner of any securities held by any other person. Item 5(c) is hereby amended by adding the following sentence at the end thereof: Other than the exchange by Cadim Acquisition and VPS of Common Units for Common Shares described in Item 4 of this Schedule 13D, none of Cadim Acquisition, Cadim, CDP or, to Cadim Acquisition, Cadim and CDP's knowledge, any of the persons named on the attached Schedule I has effected any transactions in Common Shares in the past 60 days. Page 6 of 6 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. CADIM INC. By: /s/ Sylvie Drouin ------------------------------------ Name: Sylvie Drouin Title: Vice-President, Legal Affairs By: /s/ Line Lefebvre ------------------------------------ Name: Line Lefebvre Title: Senior Vice-President, Finances and Administration CADIM ACQUISITION, LLC By: Cadim Holdings U.S. Inc., its sole member By: /s/ Sylvie Drouin ------------------------------------ Name: Sylvie Drouin Title: Secretary By: /s/ Line Lefebvre ------------------------------------ Name: Line Lefebvre Title: Treasurer Dated: June 17, 2003 -----END PRIVACY-ENHANCED MESSAGE-----