-------------------------------
OMB APPROVAL
-------------------------------
OMB Number: 3235-0145
Expires: August 31, 1999
Estimated average burden
hours per form............14.90
-------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
WELLSFORD REAL PROPERTIES, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
950240101
----------------------------------
(CUSIP Number)
David J. Greenwald, Esq.
Goldman, Sachs & Co.
85 Broad Street, New York, New York 10004
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 4, 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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |_|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedules, including all exhibits. See ss.240.13d-7(b) 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 (however, see the
Notes).
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 2 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
W/W GROUP HOLDINGS, L.L.C.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,196.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,196.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,196.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 3 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
WHITEHALL STREET REAL ESTATE LIMITED PARTNERSHIP XI
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,196.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,196.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,196.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 4 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
WH ADVISORS, L.L.C. XI
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,196.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,196.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,196.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 5 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
WHWEL REAL ESTATE LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,196.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,196.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,196.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 6 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
WHATR GEN-PAR, INC.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,196.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,196.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,196.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 7 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
WHITEHALL STREET REAL ESTATE LIMITED PARTNERSHIP VII
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,196.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,196.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,196.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 8 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
WH ADVISORS, L.L.C. VII
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,196.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,196.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,196.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE>
XX
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 9 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
WHITEHALL STREET REAL ESTATE LIMITED PARTNERSHIP V
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,196.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,196.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,196.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 10 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
WH ADVISORS, L.L.C. V
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,196.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,196.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,196.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 11 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
GOLDMAN, SACHS & CO.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,446.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,446.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,446.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN/BD/IA
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------- -------------------------
CUSIP NO. 950240101 PAGE 12 OF 31 PAGES
- -------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
THE GOLDMAN SACHS GROUP, INC.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(A) |_|
(B) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK 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
NUMBER OF -0-
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,256,446.9
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,256,446.9
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,256,446.9
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
HC/CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 950240101 PAGE 13 OF 31 PAGES
WHWEL Real Estate Limited Partnership, WHATR Gen-Par, Inc., Whitehall
Street Real Estate Limited Partnership VII, WH Advisors, L.L.C. VII, Whitehall
Street Real Estate Limited Partnership V, WH Advisors, L.L.C. V, W/W Group
Holdings, L.L.C., Whitehall Street Real Estate Limited Partnership XI, WH
Advisors, L.L.C. XI , Goldman, Sachs & Co. and The Goldman Sachs Group, Inc.
hereby amend the report on Schedule 13D, dated August 28, 1997, as amended by
Amendment No. 1 thereto dated May 14, 1997, as amended by Amendment No. 2
thereto dated May 14, 1998, and as further amended by Amendment No. 3 thereto
dated June 7, 1999 (as so amended, the "Schedule 13D"), filed in respect of
shares of common stock, par value $0.01 per share, of Wellsford Real Properties,
Inc., a Maryland corporation. Capitalized terms used but not defined herein
shall have the meaning attributed to such terms in Schedule 13D.
Item 2. Identity and Background.
-----------------------
Item 2 of the Schedule 13D is hereby amended and restated in its
entirety with the following:
This statement is being filed by WHWEL Real Estate Limited
Partnership ("WHWEL"), WHATR Gen-Par, Inc. ("WHATR Gen-Par"),
Whitehall Street Real Estate Limited Partnership VII ("Whitehall
VII"), WH Advisors, L.L.C VII ("WH Advisors, L.L.C. VII"), Whitehall
Street Real Estate Limited Partnership V ("Whitehall V"), WH Advisors,
L.L.C. V ("WH Advisors, L.L.C. V"), W/W Group Holdings, L.L.C.
("Holdings"), Whitehall Street Real Estate Limited Partnership XI
("Whitehall XI"), WH Advisors, L.L.C. XI ("WH Advisors, L.L.C. XI"),
Goldman, Sachs & Co. ("GS&Co.") and The Goldman Sachs Group, Inc. ("GS
Group"; and collectively with WHWEL, WHATR Gen-Par, Whitehall VII, WH
Advisors, L.L.C. VII, Whitehall V, WH Advisors, L.L.C. V, Holdings,
Whitehall XI, WH Advisors, L.L.C. XI and GS&Co. the "Reporting
Persons").*
WHWEL is a Delaware limited partnership that engages in the
business of investing in real estate assets indirectly through its
membership interest in Wellsford/Whitehall Group, L.L.C., a Delaware
limited liability company ("Wellsford/Whitehall Group") and through
its membership interest in Holdings. WHATR Gen-Par, a Delaware
corporation, acts as the sole general partner of WHWEL. WHATR Gen-Par
is a wholly-owned subsidiary of Whitehall VII and does not engage in
any business other than in connection with its role as a general
partner of WHWEL.
Whitehall VII is a Delaware limited partnership that engages in
the business of investing in debt and equity interests in real estate
assets and businesses. WH Advisors, L.L.C. VII., a Delaware limited
liability company, acts as the sole general partner of Whitehall VII;
and WH Advisors, L.L.C. VII does not engage in any business other than
in connection
- --------
* Neither the present filing nor anything contained herein shall be
construed as an admission that any Reporting Person constitutes a "person"
for any purpose other than Section 13(d) of the Securities Exchange Act of
1934 or that such persons constitute a "group" for any purpose.
<PAGE>
CUSIP No. 950240101 PAGE 14 OF 31 PAGES
with its role as a general partner of Whitehall VII. WH Advisors,
L.L.C. VII is indirectly wholly-owned by GS Group.
Whitehall V is a Delaware limited partnership that engages in the
business of investing in debt and equity interests in real estate
assets and businesses. WH Advisors, L.L.C. V, a Delaware limited
liability company, acts as the sole general partner of Whitehall V; and
WH Advisors, L.L.C. V does not engage in any business other than in
connection with its role as a general partner of Whitehall V. WH
Advisors, L.L.C. V is indirectly wholly-owned by GS Group.
Holdings is a Delaware limited liability company that engages in
the business of investing in real estate assets indirectly through its
membership interest in Wellsford/Whitehall Group. Whitehall XI and
WHWEL act as the managing members of Holdings.
Whitehall XI is a Delaware limited partnership that engages in the
business of investing in debt and equity interests in real estate
assets and businesses. WH Advisors, L.L.C. XI, a Delaware limited
partnership, acts as the sole general partner of Whitehall XI and WH
Advisors, L.L.C. XI does not engage in any business other than in
connection with its role as a general partner of Whitehall XI. WH
Advisors, L.L.C. XI is indirectly wholly-owned by GS Group.
GS&Co., a New York limited partnership, is an investment banking
firm and a member of the New York Stock Exchange, Inc. and other
national exchanges. GS&Co. is an indirect wholly-owned subsidiary of GS
Group.
GS Group is a Delaware corporation and a holding company that
(directly or indirectly through subsidiaries or affiliated companies or
both) is a leading investment banking organization and is a successor
in interest to The Goldman Sachs Group, L.P., which was merged into GS
Group on May 7, 1999.
As of April 4, 2000, GS&Co. and GS Group may be deemed to
indirectly own beneficially 4,256,196.9 shares of Common Stock through
Holdings. In addition, as of April 4, 2000, GS&Co., and GS Group
indirectly, may be deemed to own beneficially 250 shares of Common
Stock held in client accounts with respect to which GS&Co. or employees
of GS&Co. having voting or investment discretion, or both ("Managed
Accounts"). GS&Co. and GS Group each disclaims beneficial ownership of
Common Stock (i) owned by WHWEL, Holdings, Whitehall VII, Whitehall V
and Whitehall XI to the extent of (a) partnership interests in WHWEL,
(b) membership interests in Holdings, (c) partnership interests in
Whitehall VII, (c) partnership interests in Whitehall V and (d)
partnership interests in Whitehall XI, in each case, held by persons
other than GS&Co., GS Group or their affiliates and (ii) held in
Managed Accounts.
The names, business addresses, and present principal occupation or
employment of each executive officer and director of WHATR Gen-Par are
listed on Schedule 2A hereto and are incorporated herein by reference.
The names, business addresses, and present principal occupation or
employment of each executive officer and director of WH Advisors,
L.L.C. VII are listed on Schedule 2B hereto and are incorporated herein
by reference. The names, business addresses, and present principal
occupation or employment of each executive officer
<PAGE>
CUSIP No. 950240101 PAGE 15 OF 31 PAGES
and director of WH Advisors, L.L.C. V are listed on Schedule 2C hereto
and are incorporated herein by reference. The names, business
addresses, and present principal occupation or employment of each
executive officer and director of WH Advisors, L.L.C. XI are listed on
Schedule 2D hereto and are incorporated herein by reference. The names,
business addresses, and present principal occupation or employment of
each director of GS Group are set forth in Schedule 2E hereto and are
incorporated herein by reference.
During the last five years, none of the Reporting Persons, or, to
the knowledge of each of the Reporting Persons, any of the persons
listed on Schedules 2A, 2B, 2C, 2D and 2E hereto, (i) has been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) has 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 judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws, or finding any
violation with respect to such laws.
This Item 2 is qualified in its entirety by reference to Schedule
2A, Schedule 2B, Schedule 2C, Schedule 2D and Schedule 2E which are
attached hereto and incorporated into this Item by reference.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Item 3 of the Schedule 13D is hereby amended by deleting the last
paragraph thereof and adding the following paragraph:
As of April 4, 2000 GS&Co. held 250 shares of Common Stock for Managed
Accounts. All such transactions that were effected during the past 60 days are
set forth in Schedule 5A hereto.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Item 5 of the Schedule 13D is hereby amended and restated in its
entirety as follows:
(a)
1. The Warrants are exercisable for 4,256,196.9 shares of Common
Stock, representing approximately 20.7% of the Common Stock reported to
be outstanding as of February 29, 2000 (as reported in the Company's
Form 10-K dated March 17, 2000 for the fiscal year ended December 31,
2000 (the "Company's 10K")). As of April 4, 2000, Holdings beneficially
owned such shares of Common Stock.
2. As of April 4, 2000, each of WHWEL and Whitehall XI, as the
managing members of Holdings, may be deemed to beneficially own
4,256,196.9 shares of Common Stock, which are beneficially owned by
Holdings as described above, representing approximately 20.7% of the
shares of Common Stock reported to be outstanding as of February 29,
2000 (as reported in the Company's 10K).
<PAGE>
CUSIP No. 950240101 PAGE 16 OF 31 PAGES
3. As of April 4, 2000, WH Advisors, L.L.C. XI, as the general
partner of Whitehall XI, may be deemed to beneficially own 4,256,196.9
shares of Common Stock, which are beneficially owned by Holdings as
described above, representing approximately 20.7% of the shares of
Common Stock reported to be outstanding as of February 29, 2000 (as
reported in the Company's 10K).
4. As of April 4, 2000, WHATR Gen-Par, as the general partner of
WHWEL, may be deemed to beneficially own 4,256,196.9 shares of Common
Stock, which are beneficially owned by Holdings as described above,
representing approximately 20.7% of the shares of Common Stock reported
to be outstanding as of February 29, 2000 (as reported in the Company's
10K).
5. As of April 4, 2000, Whitehall VII, as the direct beneficial
owner of all of the capital stock of WHATR Gen-Par, may be deemed to
beneficially own 4,256,196.9 shares of Common Stock, which are
beneficially owned by Holdings as described above, representing
approximately 20.7% of the shares of Common Stock reported to be
outstanding as of February 29, 2000 (as reported in the Company's 10K).
6. As of April 4, 2000, WH Advisors, L.L.C VII, as the general
partner of Whitehall VII, may be deemed to beneficially own 4,256,196.9
shares of Common Stock, which are beneficially owned by Holdings as
described above, representing approximately 20.7% of the shares of
Common Stock reported to be outstanding as of February 29, 2000 (as
reported in the Company's 10K).
7. As of April 4, 2000, Whitehall V, as a limited partner of
WHWEL, may be deemed to beneficially own 4,256,196.9 shares of Common
Stock, which are beneficially owned by Holdings as described above,
representing approximately 20.7% of the shares of Common Stock reported
to be outstanding as of February 29, 2000 (as reported in the Company's
10K).
8. As of April 4, 2000, WH Advisors, L.L.C. V, as the general
partner of Whitehall V, may be deemed to beneficially own 4,256,196.9
shares of Common Stock, which are beneficially owned by Holdings as
described above, representing approximately 20.7% of the shares of
Common Stock reported to be outstanding as of February 29, 2000 (as
reported in the Company's 10K).
9. As of April 4, 2000, GS&Co., as the investment advisor to
Whitehall VII, Whitehall V and Whitehall XI, may be deemed to
beneficially own 4,256,446.9 shares of Common Stock, including (i)
4,256,196.9 shares of Common Stock beneficially owned by Holdings as
described above and (ii) 250 shares of Common Stock held in Managed
Accounts, representing in the aggregate approximately 20.7% of the
shares of Common Stock reported to be outstanding as of February 29,
2000 (as reported in the Company's 10K).
10. As of April 4, 2000, GS Group, as the direct beneficial owner
of all of (a) the membership interests of WH Advisors, L.L.C. VII, (b)
the membership interests of WH Advisors, L.L.C. V and (c) the
membership interests of WH Advisors, L.L.C. XI, may be deemed to
beneficially own 4,256,446.9 shares of Common Stock, including (i)
4,256,196.9 shares of Common Stock beneficially owned by Holdings as
<PAGE>
CUSIP No. 950240101 PAGE 17 OF 31 PAGES
described above and (ii) 250 shares of Common Stock held in Managed
Accounts, representing in the aggregate approximately 20.7% of the
shares of Common Stock reported to be outstanding as of February 29,
2000 (as reported in the Company's 10K).
11. GS Group and GS&Co. disclaim beneficial ownership of (i) the
shares of Common Stock beneficially owned by Holdings, WHWEL, Whitehall
VII, Whitehall V and Whitehall XI to the extent of (a) membership
interests in Holdings, (b) partnership interests in WHWEL, (c)
partnership interests in Whitehall VII, (d) partnership interests in
Whitehall V and (e) partnership interests in Whitehall XI, in each
case, held by persons other than GS Group, GS&Co. or their affiliates
and (ii) the shares of Common Stock held in Managed Accounts.
12. None of the Reporting Persons beneficially owns any of the
Common Stock as of April 4, 2000 other than as set forth herein.
(b) Each Reporting Person shares the power to vote or direct the
vote and to dispose or direct the disposition of shares of Common Stock
beneficially owned by such Reporting Person as indicated in the second
through twelfth pages of this filing.
(c) No other person is known by any Reporting Person to have the
right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, any shares of Common Stock
beneficially owned by any Reporting Person.
Except as set forth on Schedule 5A, no transactions in the Common
Stock were effected by Reporting Persons, or, to the knowledge of any
of the Reporting Persons, any of the persons listed on Schedules 2A,
2B, 2C, 2D and 2E hereto, during the period from February 5, 2000
through April 4, 2000.
<PAGE>
CUSIP No. 950240101 PAGE 18 OF 31 PAGES
SIGNATURE
Each Reporting Person certifies that, after reasonable inquiry and to
the best of such Reporting Person's knowledge and belief, the information set
forth in this Statement is true, complete and correct.
Dated: April 10, 2000 WHWEL REAL ESTATE LIMITED PARTNERSHIP
By: WHATR Gen-Par, Inc.
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Dated: April 10, 2000 WHATR GEN-PAR, INC.
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Dated: April 10, 2000 WHITEHALL STREET REAL ESTATE LIMITED
PARTNERSHIP VII
By: WH Advisors, L.L.C. VII
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Dated: April 10, 2000 WH Advisors, L.L.C. VII
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
<PAGE>
CUSIP No. 950240101 PAGE 19 OF 31 PAGES
Dated: April 10, 2000 WHITEHALL STREET REAL ESTATE LIMITED
PARTNERSHIP V
By: WH Advisors, L.L.C. V
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Dated: April 10, 2000 WH Advisors, L.L.C. V
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Dated: April 10, 2000 W/W GROUP HOLDINGS, L.L.C.
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
<PAGE>
CUSIP No. 950240101 PAGE 20 OF 31 PAGES
Dated: April 10, 2000 WHITEHALL STREET REAL ESTATE LIMITED
PARTNERSHIP XI
By: WH Advisors, L.L.C. XI
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Dated: April 10, 2000 WH Advisors, L.L.C., XI
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Dated: April 10, 2000 GOLDMAN, SACHS & CO.
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
Dated: April 10, 2000 THE GOLDMAN, SACHS GROUP, INC.
By: /s/ Roger S. Begelman
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-Fact
<PAGE>
CUSIP No. 950240101 PAGE 21 OF 31 PAGES
SCHEDULE 2A
The name, position and present principal occupation of each director
and executive officer of WHATR Gen-Par, Inc., which is the sole general partner
of WHWEL Real Estate Limited Partnership, are set forth below.
The business address of all the executive officers and managers listed
below except G. Douglas Gunn, Todd A. Williams, Angie D. Madison, Larry Goodwin
and Elizabeth A. O'Brien is 85 Broad Street, New York, New York 10004. The
business address of G. Douglas Gunn, Todd A. Williams, Angie D. Madison and
Larry Goodwin is 100 Crescent Court, Suite 1000, Dallas, Texas 75201. The
business address of Elizabeth A. O'Brien is 3 Garden Road, Central, Hong Kong.
Except for Brahm S. Cramer, who is a Canadian citizen, all executive
officers and managers listed below are United States citizens.
<TABLE>
<CAPTION>
Name Title Present Principal Occupation
- ---- ----- ----------------------------
<S> <C> <C>
Rothenberg, Stuart M. Director/Vice President Managing Director of Goldman,
Sachs & Co.
Neidich, Daniel M. President Managing Director of Goldman,
Sachs & Co.
Lahey, Brian J. Vice President/Assistant Treasurer Vice President of Goldman, Sachs
& Co.
Gunn, G. Douglas Vice President/Assistant Secretary Vice President of Goldman, Sachs
& Co.
Madison, Angie Vice President/Assistant Secretary Vice President of Goldman, Sachs
& Co.
Williams, Todd A. Vice President/Assistant Managing Director of Goldman,
Secretary/Assistant Treasurer Sachs & Co.
Siskind, Edward M. Vice President Managing Director of Goldman,
Sachs & Co.
Klingher, Michael K. Vice President Managing Director of Goldman,
Sachs & Co.
Kava, Alan S. Vice President/Assistant Secretary Vice President of Goldman, Sachs
& Co.
O'Brien, Elizabeth A. Vice President/Assistant Secretary Vice President of Goldman, Sachs
(Asia) LLC
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 22 OF 31 PAGES
<TABLE>
<CAPTION>
<S> <C> <C>
Rosenberg, Ralph F. Vice President/Assistant Secretary Managing Director of Goldman,
Sachs & Co.
Naughton, Kevin D. Vice President/Secretary/ Vice President of Goldman, Sachs
Treasurer & Co.
Feldman, Steven M. Vice President Managing Director of Goldman,
Sachs & Co.
Sack, Susan L. Vice President Vice President of Goldman, Sachs
& Co.
Cramer, Brahm S. Vice President/Assistant Vice President of Goldman,
Secretary Sachs & Co.
Burban, Elizabeth M. Vice President/Assistant Secretary Vice President of Goldman, Sachs
& Co.
Goodwin, Larry J. Vice President/Assistant Secretary Vice President of Goldman, Sachs
& Co.
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 23 OF 31 PAGES
SCHEDULE 2B
The name, position and present principal occupation of each manager
and executive officer of WH Advisors, L.L.C. VII, which is the sole general
partner of Whitehall Street Real Estate Limited Partnership VII, are set forth
below.
The business address of all the executive officers and managers listed
below except G. Douglas Gunn, Todd A. Williams, Angie D. Madison, Elizabeth A.
O'Brien, Barry S. Volpert and Jean De Pourtales is 85 Broad Street, New York,
New York 10004. The business address of G. Douglas Gunn, Todd A. Williams and
Angie D. Madison is 100 Crescent Court, Suite 1000, Dallas, Texas 75201. The
business address of Elizabeth A. O'Brien is 3 Garden Road, Central, Hong Kong.
The business address of Barry S. Volpert and Jean De Pourtales is Peterborough
Court, 133 Fleet Street, London EC4A, 2BB, England.
Except for Brahm S. Cramer, who is a Canadian citizen, and Jean De
Pourtales, who is a citizen of the United Kingdom, all executive officers and
managers listed below are United States citizens.
<TABLE>
<CAPTION>
Name Title Present Principal Occupation
- ---- ----- ----------------------------
<S> <C> <C>
Rothenberg, Stuart M. Manager/Vice President Managing Director of Goldman,
Sachs & Co.
Neidich, Daniel M. Manager/President/Assistant Secretary Managing Director of Goldman,
Sachs & Co.
Volpert, Barry S. Vice President/Assistant Secretary Managing Director of Goldman
Sachs International
Lahey, Brian J. Vice President/Assistant Treasurer Vice President of Goldman, Sachs &
Co.
Kava, Alan S. Vice President Vice President of Goldman, Sachs &
Co.
Feldman, Steven M. Vice President Managing Director of Goldman,
Sachs & Co.
Rosenberg, Ralph F. Manager/Vice President/Assistant Managing Director of Goldman,
Secretary Sachs & Co.
Gunn, G. Douglas Vice President/Assistant Secretary Vice President of Goldman, Sachs &
Co.
Naughton, Kevin D. Vice President/Secretary/ Treasurer Vice President of Goldman, Sachs &
Co.
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 24 OF 31 PAGES
<TABLE>
<CAPTION>
<S> <C> <C>
O'Brien, Elizabeth A. Vice President/Assistant Secretary Vice President of Goldman, Sachs
(Asia) LLC
Williams, Todd A. Vice President/Assistant Managing Director of Goldman,
Secretary/Assistant Treasurer Sachs & Co.
Klingher, Michael K. Vice President Managing Director of Goldman,
Sachs & Co.
Siskind, Edward M. Vice President/Assistant Treasurer Managing Director of Goldman,
Sachs & Co.
Madison, Angie Vice President/Assistant Secretary Vice President of Goldman, Sachs &
Co.
Mortelliti, Josephine Vice President Vice President of Goldman, Sachs &
Co.
Sack, Susan L. Vice President Vice President of Goldman, Sachs &
Co.
Pourtales, Jean De Vice President Vice President of Goldman Sachs
International
Cramer, Brahm S. Vice President/Assistant Secretary Vice President of Goldman, Sachs
& Co.
Burban, Elizabeth M. Vice President/Assistant Secretary Vice President of Goldman, Sachs &
Co.
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 25 OF 31 PAGES
SCHEDULE 2C
The name, position and present principal occupation of each manager
and executive officer of WH Advisors, L.L.C. V, which is the sole general
partner of Whitehall Street Real Estate Limited Partnership V, are set forth
below.
The business address of all the executive officers and managers listed
below except G. Douglas Gunn, Todd A. Williams, Angie D. Madison and Elizabeth
A. O'Brien is 85 Broad Street, New York, New York 10004. The business address of
G. Douglas Gunn, Todd A. Williams and Angie D. Madison is 100 Crescent Court,
Suite 1000, Dallas, Texas 75201. The business address of Elizabeth A. O'Brien is
3 Garden Road, Central, Hong Kong.
Except for Brahm S. Cramer, who is a Canadian citizen, Simon T.
Blaxland, who is a citizen of the United Kingdom, all executive officers and
managers listed below are United States citizens.
<TABLE>
<CAPTION>
Name Title Present Principal Occupation
- ---- ----- ----------------------------
<S> <C> <C>
Rothenberg, Stuart M. Manager/Vice President Managing Director of Goldman,
Sachs & Co.
Neidich, Daniel M. Manager/President Managing Director of Goldman,
Sachs & Co.
O'Brien, Elizabeth A. Vice President/Assistant Secretary Vice President of Goldman, Sachs
(Asia) LLC
Lahey, Brian J. Vice President/Assistant Secretary Vice President of Goldman, Sachs &
Co.
Kava, Alan S. Vice President Vice President of Goldman, Sachs &
Co.
Feldman, Steven M. Vice President Managing Director of Goldman,
Sachs & Co.
Madison, Angie Vice President/Assistant Secretary Vice President of Goldman, Sachs &
Co.
Rosenberg, Ralph F. Manager/Vice President/Assistant Managing Director of Goldman,
Secretary Sachs & Co.
Williams, Todd A. Vice President/Assistant Managing Director of Goldman,
Secretary/Assistant Treasurer Sachs & Co.
Naughton, Kevin D. Vice President/Secretary/Treasurer Vice President of Goldman, Sachs &
Co.
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 26 OF 31 PAGES
<TABLE>
<CAPTION>
<S> <C> <C>
Siskind, Edward M. Vice President/Assistant Treasurer Managing Director of Goldman,
Sachs & Co.
Klingher, Michael K. Vice President Managing Director of Goldman,
Sachs & Co.
Gunn, G. Douglas Vice President/Assistant Secretary Vice President of Goldman, Sachs &
Co.
Mortelliti, Josephine Vice President Vice President of Goldman, Sachs &
Co.
Sack, Susan L. Vice President Vice President of Goldman, Sachs &
Co.
Cramer, Brahm, S. Vice President/Assistant Secretary Vice President of Goldman, Sachs
& Co.
Burban, Elizabeth M. Vice President/Assistant Secretary Vice President of Goldman, Sachs &
Co.
Weiss, Mitchell S. Assistant Treasurer Vice President of Goldman, Sachs &
Co.
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 27 OF 31 PAGES
SCHEDULE 2D
The name, position and present principal occupation of each manager and
executive officer of WH Advisors, L.L.C. XI, which is the sole general partner
of Whitehall Street Real Estate Limited Partnership XI, are set forth below.
The business address of all the executive officers and managers listed
below except G. Douglas Gunn, Todd A. Williams, Angie D. Madison, Paul R.
Milosevich, Elizabeth A. O'Brien and Eli Muraidekh is 85 Broad Street, New York,
New York 10004. The business address of G. Douglas Gunn, Todd A. Williams, Angie
D. Madison and Paul R. Milosevich is 100 Crescent Court, Suite 1000, Dallas, TX
75201. The business address of Eli Muraidekh is 133 Fleet Street, London EC4A
2BB, England. The business address of Elizabeth A. O'Brien is 3 Garden Road,
Central, Hong Kong.
Except for Brahm S. Cramer, who is a Canadian citizen, all executive
officers and managers listed below are United States citizens.
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
- ---- -------- ----------------------------
<S> <C> <C>
Rothenberg, Stuart M. Manager/Vice President Managing Director of
Goldman, Sachs & Co.
Neidich, Daniel M. Manager/President Managing Director of
Goldman, Sachs & Co.
O'Brien, Elizabeth A. Vice President/Assistant Vice President of
Secretary Goldman Sachs (Asia) L.L.C.
Rosenberg, Ralph F. Manager/Vice President/ Managing Director of
Assistant Secretary Goldman, Sachs & Co.
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 28 OF 31 PAGES
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
- ---- -------- ----------------------------
<S> <C> <C>
Williams, Todd A. Vice President/Assistant Managing Director of
Secretary/Assistant Goldman, Sachs & Co.
Treasurer
Naughton, Kevin D. Vice President/Secretary/ Vice President of
Treasurer Goldman, Sachs & Co.
Siskind, Edward M. Vice President/Assistant Managing Director of
Treasurer Goldman, Sachs & Co.
Klingher, Michael K. Vice President Managing Director of
Goldman, Sachs & Co.
Gunn, G. Douglas Vice President/Assistant Vice President of
Secretary Goldman, Sachs & Co.
Lahey, Brian J. Vice President/Assistant Vice President of
Treasurer Goldman, Sachs & Co.
Kava, Alan S. Vice President Vice President of
Goldman, Sachs & Co.
Feldman, Steven M. Vice President Managing Director of
Goldman, Sachs & Co.
Madison, Angie D. Vice President/Assistant Vice President of
Secretary Goldman, Sachs & Co.
Weiss, Mitchell S. Assistant Treasurer Vice President of
Goldman, Sachs & Co.
Cramer, Brahm S. Vice President Vice President of
Goldman, Sachs & Co.
Karr, Jerome S. Vice President Vice President of
Goldman, Sachs & Co.
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 29 OF 31 PAGES
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
- ---- -------- ----------------------------
<S> <C> <C>
Milosevich, Paul R. Vice President Vice President of
Goldman, Sachs & Co.
Mortelliti, Josephine Vice President Vice President of
Goldman, Sachs & Co.
Muraidekh, Eli Vice President Vice President of
Goldman Sachs International
Sack, Susan L. Vice President/Assistant Vice President of
Secretary Goldman, Sachs & Co.
Burban, Elizabeth M. Vice President/Assistant Vice President of Goldman,
Secretary Sachs & Co.
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 30 OF 31 PAGES
SCHEDULE 2E
The name of each director of The Goldman Sachs Group, Inc. is set forth
below.
The business address of each person listed below except John L.
Thornton, Sir John Browne, James A. Johnson, John H. Bryan and Ruth J.
Simmons is 85 Broad Street, New York, NY 10004. The business address of John L.
Thornton is 133 Fleet Street, London EC4A 2BB, England. The business address of
Sir John Browne is BP Amoco plc, Brittanic House, 1 Finsbury Circus, London EC
2M, England. The business address of James A. Johnson is Fannie Mae, 3900
Wisconsin Avenue NW, Washington, D.C. 20016. The business address of John H.
Bryan is Three First National Plaza, Chicago, IL 60602-4260. The business
address of Ruth J. Simmons is Office of the President, Smith College, College
Hall Room 20, Northhampton, MA 01063. Each person is a citizen of the United
States of America, except Sir John Browne, who is a citizen of the United
Kingdom. The present principal occupation or employment of each of the listed
persons is set forth below.
<TABLE>
<CAPTION>
Name Present Principal Occupation
- ---- ----------------------------
<S> <C>
Henry M. Paulson, Jr. Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc.
Robert J. Hurst Vice Chairman of The Goldman Sachs Group, Inc.
John A. Thain President and Co-Chief Operating Officer of The Goldman Sachs Group,
Inc.
John L. Thornton President and Co-Chief Operating Officer of The Goldman Sachs Group,
Inc.
Sir John Browne Group Chief Executive of BP Amoco plc
James A. Johnson Chairman of the Executive Committee of the Board of Fannie Mae
John H. Bryan Chairman and Chief Executive Officer of Sara Lee Corporation
Ruth J. Simmons President of Smith College
John L. Weinberg Senior Chairman of The Goldman Sachs Group, Inc.
</TABLE>
<PAGE>
CUSIP No. 950240101 PAGE 31 OF 31 PAGES
SCHEDULE 5A
As of April 4, 2000, 1000 shares of Common Stock previously held in
Managed Accounts, and which GS&Co. and GS Group, indirectly, may have been
deemed to own beneficially, were transferred by such clients from such Managed
Accounts.
