UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 26)*
URS CORPORATION
--------------------------
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
Series B Exchangeable Convertible Preferred Stock, Par Value $1.00 Per Share
- ---------------------------------------------------------------
(Title of Class of Securities)
903236107
--------------------------
(CUSIP Number)
Murray A. Indick
BLUM CAPITAL PARTNERS, L.P.
(formerly Richard C. Blum & Associates, L.P.)
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 3, 2000
----------------
(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 Rule 13d-1(b)(3) or (4), check the following
box [ ].
*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).
Page 1 of 12
CUSIP NO. 903236107 SCHEDULE 13D Page 2 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY Common Stock (after conversion) 7,995,139**
OWNED BY EACH Series B Stock 48,181.14**
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
Common Stock (after conversion) 7,995,139**
Series B Stock 48,181.14**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Common Stock (after conversion) 7,995,139**
Series B Stock
48,181.14**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Common Stock (after conversion) 38.5%**
Series B Stock 100.0%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 3 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY Common Stock (after conversion) 7,995,139**
OWNED BY EACH Series B Stock 48,181.14**
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
Common Stock (after conversion) 7,995,139**
Series B Stock 48,181.14**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Common Stock (after conversion) 7,995,139**
Series B Stock 48,181.14**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Common Stock (after conversion) 38.5%**
Series B Stock 100.0%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 4 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER Common Stock 24,475**
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY Common Stock (after conversion) 7,995,139**
OWNED BY EACH Series B Preferred Stock 48,181.14**
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER
Common Stock 24,475**
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
Common Stock (after conversion) 7,995,139**
Series B Preferred Stock 48,181.14**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Common Stock 8,019,614**
Series B Preferred Stock 48,181.14**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Common Stock 38.7**
Series B Preferred Stock 100.0%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 5 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON THE COMMON FUND
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 23-7037968
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION New York
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER Common Stock 1,077,980**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER Common Stock 1,077,980**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Common Stock 1,077,980**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Common Stock 6.8%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 6 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RCBA STRATEGIC PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3303833
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY Common Stock (after conversion) 4,818,114**
OWNED BY EACH Series B Stock 48,181.14**
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
Common Stock (after conversion) 4,818,114**
Series B Stock 48,181.14**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Common Stock (after conversion) 4,818,114**
Series B Stock 48,181.14**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Common Stock (after conversion) 23.2%**
Series B Stock 100.0%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 7 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RCBA GP, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3303831
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY Common Stock (after conversion) 4,818,114**
OWNED BY EACH Series B Stock 48,181.14**
PERSON WITH -----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
Common Stock (after conversion) 4,818,114**
Series B Stock 48,181.14**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Common Stock (after conversion) 4,818,114**
Series B Stock 48,181.14**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Common Stock (after conversion) 23.2%**
Series B Stock 100.0%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 903236107 SCHEDULE 13D Page 8 of 12
This Amendment No. 26 amends the Statement on Schedule 13D (the "Schedule
13D") filed with the Securities and Exchange Commission (the "Commission") on
October 22, 1999 by BLUM Capital Partners, L.P. (formerly Richard C. Blum &
Associates, L.P.), a California limited partnership ("BLUM LP"); Richard C.
Blum & Associates, Inc., a California corporation ("RCBA Inc."); The Common
Fund, a New York non-profit corporation, RCBA Strategic Partners, L.P., a
Delaware limited partnership ("Strategic"); RCBA GP, L.L.C., a Delaware
limited liability company ("RCBA GP"); and Richard C. Blum, the Chairman and a
substantial shareholder of RCBA Inc. and a Managing Member of RCBA GP
(collectively, the "Reporting Persons"). The principal executive office and
mailing address of the Issuer is 100 California Street, Suite 500, San
Francisco, CA 94111-4529. This amendment to the Schedule 13D relates to shares
of Common Stock, par value $0.01 and shares of Series B Exchangeable
Convertible Preferred Stock, par value $1.00 (the "Series B Stock"). The
following amendment to Item 5 of the Schedule 13D is hereby made. Unless
otherwise defined herein, all capitalized terms shall have the meanings
ascribed to them in the Schedule 13D.
Item 5. Interest in Securities of the Issuer
- ---------------------------------------------
Item 5 of the Schedule 13D is hereby amended as follows:
(a),(b) According to information furnished to the Reporting Persons by the
Issuer, there were 48,181.14 shares of the Series B Preferred Stock
outstanding as of January 12, 2000, and 15,924,855 shares of the Common Stock
outstanding as of October 31, 1999.
Based on the above information, after taking into account the transactions
described in Item 5(c) below, the following Reporting Persons will report the
following direct holdings and corresponding percentage interests in the Series
B Shares and Common Stock Shares (assuming the conversion of each Reporting
Person's Series B Shares into Common Shares):
Total Common Shares
Series B Shares (after conversion)
--------------------- ---------------------
Name No. Owned % Owned No. Owned % Owned
- ----------------- --------- ------- --------- -------
BLUM LP 0 0.0% 3,177,025(1) 20.0%
RCBA Inc. 0 0.0% 3,177,025(1) 20.0%
Richard C. Blum 48,181.14(4) 100.0% 8,019,614(1)(2)(4) 38.7%
The Common Fund 0 0.0% 1,077,980(3) 6.8%
Strategic 48,181.14(4) 100.0% 4,818,114(4) 23.2%
RCBA GP 48,181.14(4) 100.0% 4,818,114(4) 23.2%
(1) These shares are owned directly by six limited partnerships for which BLUM
LP serves as the sole general partner, three investment advisory client
accounts for which it has voting and investment discretion, and 3,592 shares
owned directly by BLUM LP. As the sole general partner of BLUM LP, RCBA Inc.
is deemed the beneficial owner of the securities over which BLUM LP has voting
and investment power. As Chairman, director and a substantial shareholder of
RCBA Inc., Richard C. Blum might be deemed to be the beneficial owner of the
securities beneficially owned by RCBA Inc. BLUM LP, RCBA Inc. and Mr. Blum
CUSIP NO. 903236107 SCHEDULE 13D Page 9 of 12
disclaim beneficial ownership of these shares except to the extent of any
pecuniary interest therein.
(2) Mr. Blum has sole beneficial ownership of 24,475 shares of the Common
Stock (consisting of shares held directly, shares as beneficiary of a trust
and options currently exercisable). Mr. Blum is a director of Issuer.
(3) These shares are legally owned by The Common Fund (one of BLUM LP's
investment advisory clients described in (1) above). BLUM LP has voting and
investment power with respect to these shares, and these shares are reported
as beneficially owned by BLUM LP. The Common Fund is principally engaged in
the business of managing investments for educational institutions. The
principal administrative office of The Common Fund is located at 450 Post Road
East, Westport, Connecticut 06881-0909. The Common Fund disclaims membership
in a group with any of the Reporting Persons, and disclaims beneficial
ownership of any shares held by the Reporting Persons. The table does not
reflect dilution from the conversion of the Series B Stock; on a diluted
basis, The Common Fund's percentage of ownership would be 5.2%.
(4) These shares are owned directly by Strategic. Voting and investment power
concerning these shares are held solely by RCBA GP, the general partner of
Strategic, which would be deemed to have beneficial ownership of these shares.
As a Managing Member of RCBA GP, Mr. Blum may be deemed to be the beneficial
owner of the securities over which RCBA GP has voting and investment power.
RCBA GP and Mr. Blum disclaim beneficial ownership of these shares except to
the extent of any pecuniary interest therein.
Based on the affiliations described in Notes (1) through (4) above, the
Reporting Persons may be deemed to be members in a group.
(c) During the last 60 days, in addition to the open market purchases
described below, (i) on December 31, 1999, the Issuer issued 831.25 additional
shares of the Series B Stock to Strategic as payment-in-kind dividends payable
on Strategic's pre-existing Series B Stock, and (ii) on December 15, 1999, two
of the limited partnerships for which BLUM LP serves as the general partner
(i) distributed 22,863 shares of the Common Stock to two of their limited
partners in connection with the withdrawal of the two limited partners from
the limited partnerships, and (ii) transferred 2,596 shares of the Common
Stock to BLUM LP.
Entity Trade Date Shares Price/Share
- ------ ---------- ------ ------------
BLUM LP's limited partnership 12-23-99 60,000 20.7500
and investment advisory client 12-29-99 22,700 21.3899
accounts (including 01-03-00 97,300 21.3316
The Common Fund) 01-05-00 100,000 21.5000
(d), (e) Not applicable.
CUSIP NO. 903236107 SCHEDULE 13D Page 10 of 12
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Exhibit A Joint Filing Undertaking.
CUSIP NO. 903236107 SCHEDULE 13D Page 11 of 12
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: January 13, 2000
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By Richard C. Blum & Associates, Inc.
its general partner
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Partner, General Counsel Partner, General Counsel
and Secretary and Secretary
THE COMMON FUND
By: BLUM CAPITAL PARTNERS, L.P. /s/ Murray A. Indick
its investment advisor --------------------------------
RICHARD C. BLUM
By: Richard C. Blum &
Associates, Inc., its By: Murray A. Indick
general partner Attorney-in-Fact
By: /s/ Murray A. Indick
-----------------------
Murray A. Indick
Partner, General Counsel
and Secretary
RCBA GP, L.L.C. RCBA STRATEGIC PARTNERS, L.P.
By RCBA GP, L.L.C., its general partner
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick, Member Murray A. Indick, Member
CUSIP NO. 903236107 SCHEDULE 13D Page 12 of 12
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: January 13, 2000
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By Richard C. Blum & Associates, Inc.
its general partner
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Partner, General Counsel Partner, General Counsel
and Secretary and Secretary
THE COMMON FUND
By: BLUM CAPITAL PARTNERS, L.P. /s/ Murray A. Indick
its investment advisor --------------------------------
RICHARD C. BLUM
By: Richard C. Blum &
Associates, Inc., its By: Murray A. Indick
general partner Attorney-in-Fact
By: /s/ Murray A. Indick
-----------------------
Murray A. Indick
Partner, General Counsel
and Secretary
RCBA GP, L.L.C. RCBA STRATEGIC PARTNERS, L.P.
By RCBA GP, L.L.C., its general partner
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick, Member Murray A. Indick, Member
