0001193125-16-457303.txt : 20160210 0001193125-16-457303.hdr.sgml : 20160210 20160210144236 ACCESSION NUMBER: 0001193125-16-457303 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20160210 DATE AS OF CHANGE: 20160210 GROUP MEMBERS: EDITH H. BERGSTROM GROUP MEMBERS: EDITH H. BERGSTROM LIVING TRUST U/A DATED 12/6/74 GROUP MEMBERS: ERIK E. & EDITH H. BERGSTROM FOUNDATION, A CHARITABLE TRUS GROUP MEMBERS: ERIK E. BERGSTROM LIVING TRUST U/A DATED 12/6/74 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADAMS DIVERSIFIED EQUITY FUND, INC. CENTRAL INDEX KEY: 0000002230 IRS NUMBER: 134912740 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51101 FILM NUMBER: 161405084 BUSINESS ADDRESS: STREET 1: 500 EAST PRATT STREET STREET 2: SUITE 1300 CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 4107525900 MAIL ADDRESS: STREET 1: 500 EAST PRATT STREET STREET 2: SUITE 1300 CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: ADAMS DIVERSIFIED EQUITY FUND DATE OF NAME CHANGE: 20150331 FORMER COMPANY: FORMER CONFORMED NAME: ADAMS EXPRESS CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BERGSTROM ERIK E CENTRAL INDEX KEY: 0000949041 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: P O BOX 126 CITY: PALO ALTO STATE: CA ZIP: 94302 SC 13G/A 1 d136535dsc13ga.htm SC 13G/A SC 13G/A

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 16)

 

 

Adams Diversified Equity Fund, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

006212104

(CUSIP Number)

December 31, 2015

(Date of Event Which Requires Filing of 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)

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 the 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. 006212104    

 

  1    

Names of reporting persons

 

Erik E. Bergstrom

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  x

 

  3  

SEC use only

 

  4  

Citizenship or place of organization

 

    USA

Number of

shares

beneficially 

owned by

each

reporting

person

with

    5     

Sole voting power

 

    3,000,000

   6   

Shared voting power

 

    5,955,000

   7   

Sole dispositive power

 

    3,000,000

   8   

Shared dispositive power

 

    5,955,000

  9    

Aggregate amount beneficially owned by each reporting person

 

    8,955,000

10  

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)  ¨

 

11  

Percent of class represented by amount in Row (9)

 

    9.4%

12  

Type of reporting person (see instructions)

 

    IN

 

 

2

CUSIP No. 006212104    

 

  1    

Names of reporting persons

 

Erik E. Bergstrom Living Trust U/A Dated 12/6/74

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  x

 

  3  

SEC use only

 

  4  

Citizenship or place of organization

 

    California

Number of

shares

beneficially 

owned by

each

reporting

person

with

      5     

Sole voting power

 

    3,000,000

     6    

Shared voting power

 

    0

     7    

Sole dispositive power

 

    3,000,000

     8    

Shared dispositive power

 

    0

    9    

Aggregate amount beneficially owned by each reporting person

 

    3,000,000

  10   

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)  ¨

 

  11   

Percent of class represented by amount in Row (9)

 

    3.1%

  12   

Type of reporting person (see instructions)

 

    OO

 

3

CUSIP No. 006212104    

 

  1    

Names of reporting persons

 

Edith H. Bergstrom

  2   

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  x

 

  3   

SEC use only

 

  4   

Citizenship or place of organization

 

    USA

Number of

shares

beneficially 

owned by

each

reporting

person

with

      5     

Sole voting power

 

    120,000

     6    

Shared voting power

 

    5,955,000

     7    

Sole dispositive power

 

    120,000

     8    

Shared dispositive power

 

    5,955,000

    9    

Aggregate amount beneficially owned by each reporting person

 

    6,075,000

  10   

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)  ¨

 

  11   

Percent of class represented by amount in Row (9)

 

    6.4%

  12   

Type of reporting person (see instructions)

 

    IN

 

4

CUSIP No. 006212104    

 

  1    

Names of reporting persons

 

Edith H. Bergstrom Living Trust U/A Dated 12/6/74

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  x

 

  3  

SEC use only

 

  4  

Citizenship or place of organization

 

    California

Number of

shares

beneficially 

owned by

each

reporting

person

with

    5     

Sole voting power

 

    120,000

   6   

Shared voting power

 

    0

   7   

Sole dispositive power

 

    120,000

   8   

Shared dispositive power

 

    0

  9    

Aggregate amount beneficially owned by each reporting person

 

    120,000

10  

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)  ¨

 

11  

Percent of class represented by amount in Row (9)

 

    0.1%

12  

Type of reporting person (see instructions)

 

    OO

 

5

CUSIP No. 006212104    

 

  1    

Names of reporting persons

 

Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  x

 

  3  

SEC use only

 

  4  

Citizenship or place of organization

 

    California

Number of

shares

beneficially 

owned by

each

reporting

person

with

    5     

Sole voting power

 

    0

   6   

Shared voting power

 

    5,955,000

   7   

Sole dispositive power

 

    0

   8   

Shared dispositive power

 

    5,955,000

  9    

Aggregate amount beneficially owned by each reporting person

 

    5,955,000

10  

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)  ¨

 

11  

Percent of class represented by amount in Row (9)

 

    6.2%

12  

Type of reporting person (see instructions)

 

    OO

 

6

Item 1

 

  (a) Name of Issuer:

Adams Diversified Equity Fund, Inc. (formerly, The Adams Express Company)

 

  (b) Address of Issuer’s Principal Executive Offices:

500 East Pratt Street, Suite 1300

Baltimore, MD 21202

 

Item 2

 

  (a) Name of Persons Filing:

Erik E. Bergstrom

Erik E. Bergstrom Living Trust U/A Dated 12/6/74

Edith H. Bergstrom

Edith H. Bergstrom Living Trust U/A Dated 12/6/74

Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust

 

  (b) Address of Principal Business Office or, if none, Residence:

The business address of Erik E. Bergstrom, Erik E. Bergstrom Living Trust U/A Dated 12/6/74, Edith H. Bergstrom and Edith H. Bergstrom Living Trust U/A Dated 12/6/74 is P.O. Box 126, Palo Alto, California 94302. The business address of the Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust is P.O. Box 520, Palo Alto, California 94302.

 

  (c) Citizenship:

Reference is made to Item 4 of pages 2 - 6 of this Schedule 13G (this “Schedule”), which Items are incorporated by reference herein.

 

  (d) Title of Class of Securities:

Common Stock.

 

  (e) CUSIP Number: 006212104

 

Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

 

7

Item 4. Ownership

The following table specifies as of January 30, 2016 the number of shares of common stock as to which each person named in Item 2(a) has sole or shared power to vote or direct the vote or to dispose or direct the disposition, as well as the percentages such shares constitute of the common stock outstanding as of September 30, 2015 reported in the issuer’s Third Quarter Report that was filed with the SEC on October 21, 2015.

 

Name1

    Sole Voting
and
Dispositive
Power		     Shared Voting
and
Dispositive
Power		     Aggregate
Number of
Shares		      Percentage of
Outstanding
Shares		  

Erik E. Bergstrom

      3,000,000 2      5,955,000 3      8,955,000         9.4 % 

Erik E. Bergstrom Living Trust U/A Dated 12/6/74

      3,000,000        0        3,000,000         3.1 % 

Edith H. Bergstrom

      120,000 4      5,955,000 5      6,075,000         6.4 % 

Edith H. Bergstrom Living Trust U/A Dated 12/6/74

      120,000        0        120,000         0.1 % 

Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust

      0        5,955,000        5,955,000         6.2 % 

 

1The reporting persons may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act and the rules and regulations thereunder. Membership in such a group is hereby disclaimed.

2Consists of 3,000,000 shares of Common Stock owned by the Erik E. Bergstrom Living Trust U/A Dated 12/6/74.

3Consists of 5,955,000 shares of Common Stock owned by the Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust. Pursuant to Rule 13d-4, Erik E. Bergstrom hereby disclaims beneficial ownership of all shares owned by Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust.

4Consists of 120,000 shares of Common Stock owned by the Edith H. Bergstrom Living Trust U/A Dated 12/6/74.

5Consists of 5,955,000 shares of Common Stock owned by the Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust. Pursuant to Rule 13d-4, Edith H. Bergstrom hereby disclaims beneficial ownership of all shares owned by Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust.

 

8

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.  ¨

 

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 or Control Person

Not applicable.

 

Item 8. Identification and Classification of Members of the Group

See Exhibit 1.

 

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 that purpose or effect.

.

 

9

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 5, 2016

 

/s/ Erik E. Bergstrom

Erik E. Bergstrom

/s/ Edith H. Bergstrom

Edith H. Bergstrom
Erik E. Bergstrom Living Trust U/A Dated 12/6/74
By:   /s/ Erik E. Bergstrom
  Erik E. Bergstrom
  Trustee

Edith H. Bergstrom Living Trust U/A Dated 12/6/74

By:   /s/ Edith H. Bergstrom
 

Edith H. Bergstrom

 

Trustee

Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust
By:  

/s/ Erik E. Bergstrom

 

Erik E. Bergstrom

 

Trustee

 

10

EXHIBIT LIST

 

Exhibit 1   

        Identity of Group Members

Exhibit 2   

        Joint Filing Undertaking

 EX-99.1 2 d136535dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

EXHIBIT 1

IDENTITY OF GROUP MEMBERS

Erik E. Bergstrom

Erik E. Bergstrom Living Trust U/A Dated 12/6/74

Edith H. Bergstrom

Edith H. Bergstrom Living Trust U/A Dated 12/6/74

Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust

EX-99.2 3 d136535dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

EXHIBIT 2

JOINT FILING UNDERTAKING

The undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule, as it may be amended, jointly on behalf of each of such parties.

Dated: February 5, 2016

 

/s/ Erik E. Bergstrom

Erik E. Bergstrom

/s/ Edith H. Bergstrom

Edith H. Bergstrom

Erik E. Bergstrom Living Trust U/A Dated 12/6/74

By:   /s/ Erik E. Bergstrom
  Erik E. Bergstrom
  Trustee

Edith H. Bergstrom Living Trust U/A Dated 12/6/74

By:   /s/ Edith H. Bergstrom
 

Edith H. Bergstrom

 

Trustee

Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust
By:  

/s/ Erik E. Bergstrom

 

Erik E. Bergstrom

 

Trustee