-----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, PZxO+L6lTGaLLVapOU/kXabjWJ7p2eLpPS+v9uIRH/CQVrnxNQoRyLwNNwWF4/gI TaW6+9Fzpq/AFWYt16vu5A== 0000891836-98-000359.txt : 19980603 0000891836-98-000359.hdr.sgml : 19980603 ACCESSION NUMBER: 0000891836-98-000359 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980602 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIG FLOWER TRUST I CENTRAL INDEX KEY: 0001053204 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL PRINTING [2750] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-44445-01 FILM NUMBER: 98641113 BUSINESS ADDRESS: STREET 1: 3 E 54TH ST STREET 2: 19TH FLR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125211600 MAIL ADDRESS: STREET 1: 3 E 54TH ST 19TH FLOOR STREET 2: 45TH FL CITY: NEW YORK STATE: NY ZIP: 10022 424B3 1 FORM 424B3 Filed Pursuant to Rule 424(b)(3) Registration No. 33-44445 Prospectus Supplement to Prospectus Dated April 17, 1998 ___________________________ 2,300,000 PREFERRED SECURITIES BIG FLOWER TRUST I 6% CONVERTIBLE QUARTERLY INCOME PREFERRED SECURITIES (CONVERTIBLE QUIPSSM* securities) (liquidation preference $50 per preferred security) guaranteed to the extent set forth in the Prospectus by, and convertible into common stock of, BIG FLOWER HOLDINGS, INC. ___________________________ SEE "RISK FACTORS" BEGINNING ON PAGE 23 OF THE PROSPECTUS FOR A DISCUSSION OF CERTAIN FACTORS TO BE CONSIDERED IN CONNECTION WITH AN INVESTMENT IN THE OFFERED SECURITIES. ___________________________ THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. ___________________________ This Prospectus Supplement, together with the Prospectus dated April 17, 1998, has been prepared for and is to be used by Selling Holders (as defined in the Prospectus) in connection with resales of the Preferred Securities (as defined in the Prospectus). The Company will not receive any of the proceeds of such sales. The Selling Holders may act as a principal or agent in such transactions. See "Plan of Distribution" in the Prospectus. ___________________________ The date of this Prospectus Supplement is June 2, 1998 ______________ * QUIPS is a servicemark of Goldman, Sachs & Co. Page 1 of 4 This Prospectus Supplement supplements and is intended to be read in conjunction with the Prospectus dated April 17, 1998 (the "Prospectus"). Capitalized terms used in this Prospectus Supplement and not otherwise defined herein have the same meanings as in the Prospectus. The following table shows the names of the Selling Holders, the shares of Preferred Securities owned beneficially by each of them, as of May 28, 1998 (unless otherwise noted), the number of Preferred Securities that may be offered by each of them pursuant to the Prospectus as supplemented hereby and the number of Preferred Securities to be beneficially owned by each of them after completion of the offering pursuant to the Prospectus, assuming all of the shares of Preferred Securities being offered hereby are sold in the offering.
SHARES OF COMMON NUMBER OF STOCK PREFERRED ISSUABLE UPON NUMBER OF SECURITIES NUMBER OF CONVERSION OF PREFERRED BENEFICIALLY PREFERRED PREFERRED SECURITIES OWNED AS OF SECURITIES SECURITIES BENEFICIALLY MAY 28, OFFERED OFFERED OWNED AFTER NAME OF SELLING HOLDER 1998(1) HEREBY HEREBY(2) THE OFFERING ---------------------- ------- ------ --------- ------------ Alexandra Global Investment Fund, II, Ltd. 35,000 35,000 60,704 0 Allstate Insurance Company............... 30,000 30,000 52,032 0 Alpine Associates........................ 112,500 112,500 195,120 0 Bear, Stearns & Co., Inc................. 35,500 35,500 61,571 0 Carrigaholt Capital (Bermuda) LP......... 44,450 44,450 77,094 0 Castle Convertible Fund, Inc............. 5,000 5,000 8,672 0 Chrysler Corporation Master Retirement Trust................................ 31,900 31,900 55,327 0 Combined Insurance Company of America.... 11,600 11,600 20,119 0 CPR (USA)................................ 10,000 10,000 17,344 0 Delta Airlines Master Trust.............. 26,300 26,300 45,614 0 El Pomar Foundation...................... 4,600 4,600 7,978 0 Falcon Seaboard Investment Company, L.P......................... 5,000 5,000 8,672 0 Fidelity Financial Trust; Fidelity Convertible Securities Fund...................... 167,500 167,500 290,512 0 Froley, Revy Investment Co., Inc. for the account of: Arkansas PERS...................... 21,000 21,000 36,422 0 ICI American Holdings Trust........ 7,400 7,400 12,834 0 Zeneca Holdings Trust.............. 7,400 7,400 12,834 0 State of Delaware PERS............. 18,150 18,150 31,479 0 PRIM Board......................... 28,200 28,200 48,910 0 State of Oregon/SAIF Corporation... 75,000 75,000 130,080 0 Nalco Chemical Corp. Retirement.... 3,350 3,350 5,810 0 Forest Alternative Strategies Fund II, LP 1A5F................................. 34,000 34,000 58,969 0 Forest Global Convertible Fund Series A-5 34,250 34,250 59,403 0 Forest Alternative Strategies II, LP 2A5M 1,500 1,500 2,601 0
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SHARES OF COMMON NUMBER OF STOCK PREFERRED ISSUABLE UPON NUMBER OF SECURITIES NUMBER OF CONVERSION OF PREFERRED BENEFICIALLY PREFERRED PREFERRED SECURITIES OWNED AS OF SECURITIES SECURITIES BENEFICIALLY MAY 28, OFFERED OFFERED OWNED AFTER NAME OF SELLING HOLDER 1998(1) HEREBY HEREBY(2) THE OFFERING ---------------------- ------- ------ --------- ------------ Forest Alternative Strategies Fd II, LP 2A5I 3,000 3,000 5,203 0 Golden Rule Insurance Company............ 30,000 30,000 52,032 0 Goldman, Sachs & Co...................... 4,350 4,350 7,544 0 13,000 13,000 22,547 0 19,350 19,350 33,560 0 25,000 25,000 43,360 0 Highbridge International LLC............. 85,000 85,000 147,424 0 KA Trading LP............................ 8,250 8,250 14,308 0 KA Management Ltd........................ 16,750 16,750 29,051 0 LLT Limited.............................. 2,250 2,250 3,902 0 McMahan Securities Co., L.P.............. 20,000 20,000 34,688 0 Northwestern Mutual Life Ins. Co.(3)..... 80,000 80,000 138,752 0 OCM Convertible Trust.................... 47,600 47,600 82,557 0 Oppenheimer Total Return Fund Inc........ 100,000 100,000 173,440 0 Paloma Securities L.L.C.................. 155,000 155,000 268,832 0 Pitney Bowes Retirement Fund............. 20,000 20,000 34,688 0 Provident Life and Accident Insurance Company.............................. 70,000 70,000 121,408 0 Raytheon Company Master Pension Trust............................... 16,500 16,500 28,617 0 State Employees' Retirement Fund of the State of Delaware................... 13,100 13,100 22,720 0 State of Connecticut Combined Investment Funds............................... 40,600 40,600 70,416 0 The Class 1C Company, Ltd................ 54,450 54,450 94,438 0 TQA Arbitrage Fund L.P................... 17,000 17,000 29,484 0 TQA Leverage Fund L.P.................... 20,000 20,000 34,688 0 TQA Vantage Fund, Ltd.................... 25,000 25,000 43,360 0 TQA Vantage Plus, Ltd.................... 14,500 14,500 25,148 0 Vanguard Convertible Securities Fund Inc................................. 32,400 32,400 56,194 0 Variable Insurance Products Fund II High Income Portfolio.................... 87,500 87,500 151,760 0 WG Trading Co............................ 37,500 37,500 65,040 0 --------- --------- --------- ----------- Total.............................. 1,807,700 1,807,700 3,135,262 0 ========= ========= ========= ===========
___________________ (1) For the purposes of this table, a person is deemed to have "beneficial ownership" of securities over which such person, directly or indirectly through any contract, arrangement, understanding, relationship or otherwise, has or shares (x) voting power (which includes the power to vote or to direct the voting of such securities) or (y) investment power (which includes the power to dispose or direct the disposition of such securities). A person is also deemed to be the beneficial owner of securities: (i) the beneficial ownership of which such person has the right, at any time within 60 days from May 28, 1998 (or such later date as noted in the above table), to acquire, including but not limited to any right to acquire through the exercise of options, warrants or rights, the conversion of a convertible security or the revocation or Page 3 of 4 automatic termination of a trust or discretionary account or similar arrangement; (ii) the beneficial ownership of which such person has the right to acquire (as specified in (i)) at any time, where such right is acquired for the purpose, or with the effect, of changing or influencing control of the Company, or in connection with or as a participant in any transaction having such purposes or effect; or (iii) with respect to which such person, directly or indirectly, through the creation or use of a trust, a proxy, power of attorney, pooling arrangement or any other contract, arrangement or device purports to have divested himself of beneficial ownership or to have prevented the vesting of beneficial ownership as part of a scheme to evade the reporting requirements of Section 13(d) or (g) of the Securities and Exchange Act of 1934. Beneficial ownership is given as of May 28, 1998 unless noted otherwise. (2) No fractional shares of Common Stock will be issued as a result of conversion, but, in lieu thereof, such fractional interest will be paid in cash. (3) Includes 5,000 shares held in The Northwestern Mutual Life Insurance Company Group Annuity Separate Account. Page 4 of 4 -----END PRIVACY-ENHANCED MESSAGE-----