As filed with the Securities and Exchange Commission on August 19, 1999
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 3)
Under the Securities Exchange Act of 1934
Capital Trust, Inc.
- - --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
- - --------------------------------------------------------------------------------
(Title of Class of Securities)
14052H100
- - --------------------------------------------------------------------------------
(CUSIP Number)
Thomas E. Kruger, Esq.
Michael L. Zuppone, Esq.
Battle Fowler LLP
75 East 55th Street
New York, NY 10022
(212) 856-7000
- - --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
August 10, 1999
- - --------------------------------------------------------------------------------
(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 \ \.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
* 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.
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- - --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Veqtor Finance Company, L.L.C.
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) o
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
9,320,531
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 9,320,531
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,320,531
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.35%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Capital Trust Investors Limited Partnership (f/k/a CalREIT Investors
Limited Partnership)
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Illinois
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH -0-
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,320,531
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.35%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SZ Investments, LLC
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) o
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
75,000
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 75,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,395,531
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.70%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Zell General Partnership, Inc.
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) o
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Illinois
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
75,000
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 75,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,395,531
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.70%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel Zell Revocable Trust U/T/A December 17, 1990
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) o
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Illinois
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
75,000
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 75,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,395,531
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.70%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel Zell
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) o
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
122,997
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 122,997
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,443,528
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.82%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
V2 Holdings LLC
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) o
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH -0-
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,320,531
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.35%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John R. Klopp
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) o
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
93,334
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 93,334
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,413,865
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.62%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Craig M. Hatkoff
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) o
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
101,334
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 101,334
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,421,865
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.65%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samstock, L.L.C.
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- - --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) o
- - --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- - --------------------------------------------------------------------------------
7 SOLE VOTING POWER
75,000
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 75,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,000
- - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.47%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
This Amendment No. 3 to Schedule 13D ("Amendment No. 3"), which is
filed pursuant to rule 13d-2(a) under the Securities Exchange Act of 1934, as
amended, amends and supplements the Schedule 13D, dated July 15, 1997, as filed
with the Securities and Exchange Commission (the "SEC") on July 25, 1997, as
amended by Amendment No. 1, as filed with the SEC on December 22, 1997, as
amended by Amendment No. 2, as filed with the SEC on July 2, 1998 (as amended,
the "Schedule 13D"), which was filed by (i) Veqtor Finance Company, L.L.C., a
Delaware limited liability company ("VFC"); (ii) Capital Trust Investors Limited
Partnership (f/k/a CalREIT Investors Limited Partnership), an Illinois limited
partnership and a managing member of VFC ("CTILP"); (iii) SZ Investments, LLC, a
Delaware limited liability company and the sole general partner of CTILP,
("SZI"); (iv) Zell General Partnership, Inc., an Illinois corporation and the
sole managing member of SZI ("Zell GP"); (v) the Samuel Zell Revocable Trust, a
trust formed under Illinois law pursuant to a trust agreement, dated December
17, 1990, and the sole stockholder of Zell GP ("Zell Trust"); (vi) Mr. Samuel
Zell, a citizen of the United States and the trustee of Zell Trust; (vii) V2
Holdings LLC, a Delaware limited liability company and a member of VFC ("V2H");
(viii) Mr. John R. Klopp, a citizen of the United States and a member of V2H;
and (ix) Craig M. Hatkoff, a citizen of the United States and a member of V2H,
with respect to the ownership of class A common shares of beneficial interest,
$1.00 par value (the "Class A Common Shares"), in Capital Trust, a California
business trust (the "Issuer"). All capitalized terms not otherwise defined
herein shall have the meanings ascribed thereto in the Schedule 13D.
Item 1. Security and Issuer.
Item 1 is amended and supplemented by adding the following:
On January 28, 1999, the Issuer was reorganized into Capital Trust,
Inc., a Maryland corporation whereupon each Class A Common Share was converted
into one share of class A common stock, par value $.01 per share, of Capital
Trust, Inc. This statement therefore now relates to the shares of class A common
stock, par value $.01 per share ("Class A Common Stock"), of Capital Trust, Inc.
(hereinafter the "Issuer"), whose principal office is located at 605 Third
Avenue, 26th Floor, New York, New York 10016.
Item 2. Identity and Background
Item 2 is amended and supplemented by adding the following:
This statement is also filed by Samstock, L.L.C., a Delaware limited
liability company ("Samstock"). The sole member of Samstock is SZI. Hereinafter,
the previously defined term "Reporting Persons" shall include for all purposes
Samstock.
The principal place of business of Samstock is c/o Equity Group
Investments, Inc., Two North Riverside Plaza, Chicago, Illinois 60606.
The principal business purpose of Samstock is investment in
securities.
Samstock has not, during the last five years (i) been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
(ii) been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
1
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
judgment, decree or final order enjoining future violations of, or prohibiting
activities subject to, federal or state securities laws or finding any violation
of such laws.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended by amending and restating paragraphs (a) , (b) and (c) in
their entirety as follows:
(a) and (b) The aggregate percentage of shares of Class A Common
Stock reported beneficially owned by the Reporting Persons is based upon
16,059,199 shares of Class A Common Stock which reflects a deduction (as a
result of the redemption) of 2,293,784 shares from the 18,352,983 outstanding
shares as reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal
quarter ended June 30, 1999. The Reporting Persons as a group beneficially own
9,638,196 shares of Class A Common Stock, including (i) 3,476,706 outstanding
shares of Class A Stock; (ii) 5,946,825 shares of Class A Common Stock issuable
upon conversion of 5,946,825 shares of class A 9.5% cumulative convertible
preferred stock, par value $.01 per share, of the Issuer ("Class A Preferred
Stock") and; (iii) 214,665 shares of stock issuable upon exercise or conversion
of outstanding stock options and stock units. The foregoing shares represent
approximately 43.37% of the outstanding shares of Class A Common Stock
(calculated in accordance with Rule 13d-3). VFC holds of record and thereby
directly beneficially owns and has the sole power to vote and dispose of the
foregoing shares of Class A Common Stock (and the shares of Class A Common Stock
into which the shares of Class A Preferred Stock may be converted (the "VFC
Reported Shares"). CTILP, SZI, Zell GP, Zell Trust, Mr. Zell, V2H, Mr. Klopp and
Mr. Hatkoff share the indirect power to vote or dispose of the VFC Reported
Shares that are beneficially owned directly by VFC. Mr. Hatkoff beneficially
owns and has the sole power to vote and dispose of 18,000 outstanding shares of
Class A Common Stock. Mr. Hatkoff beneficially owns and will have the sole power
to vote and dispose of 83,334 shares of Class A Common Stock issuable upon the
exercise of options to purchase shares of Class A Common Stock that are, or
become within 60 days, vested and exercisable. Mr. Klopp beneficially owns and
has the sole power to vote and dispose of 10,000 outstanding shares of Class A
Common Stock. Mr. Klopp beneficially owns and will have the sole power to vote
and dispose of 83,334 shares of Class A Common Stock issuable upon the exercise
of options to purchase Class A Common Shares that are, or become within 60 days,
vested and exercisable. Samstock directly beneficially owns and has the sole
power to vote and dispose of 75,000 shares of Class A Common Stock ("Samstock
Reported Shares"). SZI, Zell GP, Zell Trust and Mr. Zell have the indirect power
to vote or dispose of the Samstock Reported Shares that are beneficially owned
directly by Samstock. Mr. Zell beneficially owns and will have the sole power to
vote and dispose of 47,997 shares of Class A Common Stock issuable upon the
exercise or conversion of options to purchase and stock units that are
convertible into shares of Class A Common Stock that are, or become within 60
days, vested and exercisable.
(c) On August 10, 1999, VFC consummated the redemption of the
outstanding preferred units of limited liability company interests in VFC. In
the redemption, the preferred units in VFC were redeemed in exchange for: (i)
1,292,103 shares of Class A Common Stock, (ii) 2,293,784 shares of class B
common stock, par value $0.01 per share, of the Issuer, into which an equal
number of shares of Class A Common Stock were converted, (iii) 2,277,585 shares
of Class A Preferred Stock and (iv) 4,043,248 shares of class B 9.5% cumulative
convertible non-voting preferred stock, par value $0.01 per share, of the
Issuer, into which an equal number of shares of Class A Preferred Stock were
converted, which shares of stock of the Issuer were distributed to the redeemed
holders of preferred units according to their respective ownership interests in
VFC. The preferred units in VFC were canceled upon consummation
2
866317.1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
of the redemption and no other consideration was paid by the redeemed holders
for the shares of stock of the Issuer distributed to them.
Item 6. Contracts, Arrangements, Understandings or Relationships with respect to
Securities of the Issuer.
Item 6 is amended and supplemented by adding the following:
Consistent with the agreement made in connection with the Public
Offering, VFC intends to convert the remaining 5,946,825 shares of Class A
Preferred Stock held by Veqtor after the redemption described in Item 5 into the
same number of shares of Class A Common Stock prior to the next dividend
declaration date whereupon VFC will directly beneficially own 9,320,531 shares
of Class A Common Stock.
Item 7. Material to be filed as Exhibits.
Item 7 is hereby amended and supplemented by adding the following
Exhibit No. Description
----------- -----------
1. Joint Filing Agreement and Power of Attorney by Veqtor
Finance Company, L.L.C. and Samstock, L.L.C., dated
August 19, 1999.
3
866317.1
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct and agrees that this statement may be
filed jointly with the other undersigned party.
Dated: August 19, 1999
4
866317.1
<PAGE>
Veqtor Finance Company, L.L.C.
By: Capital Trust Investors Limited Partnership
its managing member
By: SZ Investments, LLC
its general partner
By: Zell General Partnership, Inc.,
its managing member
By: /s/ Donald J. Liebentritt
-----------------------------------
Name: Donald J. Liebentritt
Title: Vice President
By: V2 Holdings LLC
its managing member
By: John R. Klopp
its member
/s/ John R. Klopp
---------------------
John R. Klopp
Capital Trust Investors Limited Partnership
By: SZ Investments, LLC
its general partner
By: Zell General Partnership, Inc.,
its managing member
By: *
-------------------------------
Name: Samuel Zell
Title: President
SZ Investments, LLC
By: Zell General Partnership, Inc.
its managing member
By: *
-------------------------------
Name: Samuel Zell
Title: President
5
866317.1
<PAGE>
Zell General Partnership, Inc.
By: *
-------------------------------
Name: Samuel Zell
Title: President
Samuel Zell Revocable Trust
By: *
-------------------------------
Name: Samuel Zell
Title: Trustee
Samuel Zell
*
-------------------------------
Samuel Zell
Samstock, L.L.C.
By: SZ Investments, LLC,
its member
By: Zell General Partnership, Inc.
its managing member
By: *
-------------------------------
Name: Samuel Zell
Title: President
V2 Holdings LLC
By: John R. Klopp
its member
/s/ John R. Klopp
-----------------------------
John R. Klopp
John R. Klopp
/s/ John R. Klopp
-----------------------------
John R. Klopp
6
866317.1
<PAGE>
Craig M. Hatkoff
*
-----------------------------
Craig M. Hatkoff
* By /s/ John R. Klopp
-----------------------------
John R. Klopp
Attorney-in-Fact
7
866317.1
Exhibit 1
JOINT FILING AGREEMENT AND POWER OF ATTORNEY
(a) Joint Filing. Each of the undersigned persons does hereby agree
with Capital Trust Investors Limited Partnership, SZ Investments, LLC, Zell
General Partnership, Inc., Samuel Zell Revocable Trust, Samuel Zell, V2 Holdings
LLC, John R. Klopp and Craig M. Hatkoff to jointly file with the Securities and
Exchange Commission a Schedule 13D on behalf of each of them with respect to
their beneficial ownership of shares of class A common stock, par value $.01 per
share, of Capital Trust, Inc.
(b) Power of Attorney. Know all persons by these presents that each
person whose signature appears below constitutes and appoints Samuel Zell and
John R. Klopp, and each of them, as his true and lawful attorneys-in-fact and
agents with full power of substitution and resubstitution, for such person and
in such person's name, place and stead, in any and all capacities, to sign any
and all amendments to the Schedule 13D filed on behalf of each of them with
respect to their beneficial ownership of securities of Capital Trust, Inc., and
to file the same, with all exhibits thereto and all documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, as fully to all intents and purposes as such person
might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents or any of them, or such person or their substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.
Dated: August 19, 1999
Veqtor Finance Company L.L.C.
By: Capital Trust Investors Limited Partnership
By: SZ Investments, LLC
its general partner
By: Zell General Partnership, Inc.,
its managing member
By:/s/ Donald J. Liebentritt
--------------------------------
Name: Donald J. Liebentritt
Title: Vice President
By: V2 Holdings LLC
By: John R. Klopp
its member
/s/ John R. Klopp
----------------------
John R. Klopp
866317.1
<PAGE>
Samstock, L.L.C.
By: SZ Investments, LLC
By: Zell General Partnership, Inc.
its managing member
By:/s/ Donald J. Liebentritt
--------------------------------
Name: Donald J. Liebentritt
Title: Vice President
2
866317.1
