<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
THE WMF GROUP, LTD.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
000929289
(CUSIP Number)
RICHARD A. HIBBARD, ESQ.
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
FOUR GATEWAY CENTER
NEWARK, NJ 07102-4069
(973) 802-7674
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
MAY 22, 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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 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 purposes 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).
1
<PAGE>
<TABLE>
<C> <S> <C>
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
PRUDENTIAL MORTGAGE CAPITAL ACQUISITION CORP.
- --------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE (a) / /
INSTRUCTIONS) (b) / /
- --------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
- --------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEM 2(d) OR 2(e)
- --------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER (SEE INSTRUCTIONS)
BENEFICIALLY OWNED BY
EACH REPORTING PERSON 8,260,876 SHARES*
WITH -------------------------------------------------------------------------
8 SHARED VOTING POWER
0
-------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
8,260,876 SHARES*
-------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,260,876 SHARES*
- --------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
65.3 %
- --------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- --------------------------------------------------------------------------------------------------
</TABLE>
* On May 10, 2000, Prudential Mortgage Capital Company, LLC entered into a
Stockholders Agreement with each of Capricorn Investors II, L.P., Capricorn
Holdings, Inc., Demeter Holdings Corporation, Phemus Corporation, Commonwealth
Overseas Trading Company Limited, Mohammed A. Al-Tuwaijri, J. Roderick Heller,
III, John D. Reilly and Shekar Narasimhan (collectively, the "Selling
Stockholders"), pursuant to which such Selling Stockholders have agreed to
tender their Shares in the Offer at a price of $8.90 per Share. The Purchaser's
right to purchase the Shares subject to the Stockholders Agreement is reflected
in Rows 7, 9, 11 and 13 of each of the tables above. The Stockholders Agreement
is described more fully in Item 5 hereto.
2
<PAGE>
<TABLE>
<C> <S> <C>
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
PRUDENTIAL MORTGAGE CAPITAL COMPANY, LLC
- --------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE (a) / /
INSTRUCTIONS) (b) / /
- --------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
- --------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEM 2(d) OR 2(e)
- --------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER (SEE INSTRUCTIONS)
BENEFICIALLY OWNED BY 8,260,876 SHARES*
EACH REPORTING PERSON -------------------------------------------------------------------------
WITH 8 SHARED VOTING POWER
0
-------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
8,260,876 SHARES*
-------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,260,876 SHARES*
- --------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
65.3 %
- --------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- --------------------------------------------------------------------------------------------------
</TABLE>
* See footnote on page 2. Prudential Mortgage Capital Acquisition Corp. is a
wholly-owned subsidiary of Prudential Mortgage Capital Company, LLC. Prudential
Mortgage Capital Company, LLC is a wholly-owned subsidiary of The Prudential
Insurance Company of America.
3
<PAGE>
<TABLE>
<C> <S> <C>
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
- --------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE (a) / /
INSTRUCTIONS) (b) / /
- --------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
- --------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEM 2(d) OR 2(e)
- --------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW JERSEY
-------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER (SEE INSTRUCTIONS)
BENEFICIALLY OWNED BY
EACH REPORTING PERSON 8,260,876 SHARES*
WITH -------------------------------------------------------------------------
8 SHARED VOTING POWER
0
-------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
8,260,876 SHARES*
-------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,260,876 SHARES*
- --------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
65.3 %
- --------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IC
- --------------------------------------------------------------------------------------------------
</TABLE>
* See footnote on page 2. Prudential Mortgage Capital Acquisition Corp. is a
wholly-owned subsidiary of Prudential Mortgage Capital Company, LLC. Prudential
Mortgage Capital Company, LLC is a wholly-owned subsidiary of The Prudential
Insurance Company of America.
4
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This Statement on Schedule 13D (Amendment No. 2) is filed with respect
to the common stock, par value $.01 per share (the "Shares"), of The WMF Group,
Ltd., a Delaware corporation (the "Company"). The principal executive office of
the Company is 1593 Spring Hill Road, Suite 400, Vienna, VA 22182-2245.
ITEM 2. IDENTITY AND BACKGROUND.
This Statement on Schedule 13D (Amendment No. 2) is filed by
Prudential Mortgage Capital Acquisition Corp. (the "Purchaser"), Prudential
Mortgage Capital Company, LLC (the "Parent") and The Prudential Insurance
Company of America ("PICA") (each individually a "Filing Person", and together
the "Filing Persons"). The Purchaser is a Delaware corporation, with its
principal business and office at Four Gateway Center, Newark, NJ 07102-4069, and
is a wholly-owned subsidiary of the Parent. The Parent is a limited liability
company organized under the laws of Delaware, with its principal business and
office at Four Gateway Center, Newark, NJ 07102-4069, and is a wholly-owned
subsidiary of PICA. PICA is a New Jersey mutual life insurance company with its
principal executive offices at 751 Broad Street, Newark, NJ 07102-3777.
On March 23, 2000, Parent and Purchaser filed a Tender Offer
Statement on Schedule TO (Amendment No. 2) ("Schedule TO").
During the last five years, none of the Filing Persons has been (i)
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors), or (ii) 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The information set forth in the Offer to Purchase filed as Exhibit
(a)(1)(A) to the Schedule TO is incorporated herein by reference.
ITEM 4. PURPOSE OF THE TRANSACTION.
The information set forth in the Offer to Purchase filed as Exhibit
(a)(1)(A) to the Schedule TO is incorporated herein by reference.
5
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As of May 10, 2000, the Filing Persons may be deemed to beneficially
own 8,260,876 Shares, or approximately 65.3% of the Shares outstanding on a
fully diluted basis (such basis assumes all Shares underlying vested and
unvested stock options are issued and outstanding). This beneficial ownership
is based on the Stockholders Agreement, described in the following paragraph,
which has been entered into by the Parent with certain stockholders of the
Company.
On May 10, 2000, the Parent entered into a Stockholders Agreement (the
"Stockholders Agreement") with each of Capricorn Investors II, L.P., Capricorn
Holdings, Inc., Demeter Holdings Corporation, Phemus Corporation, Commonwealth
Overseas Trading Company Limited, Mohammed A. Al-Tuwaijri, J. Roderick
Heller, III, John D. Reilly and Shekar Narasimhan (collectively, the "Selling
Stockholders"), pursuant to which each Selling Stockholder has agreed to tender
Shares in the Offer at a price of $8.90 per Share. Pursuant to the Stockholders
Agreement, the Selling Stockholders have also agreed that, among other things,
they will not transfer their Shares subject to the Stockholders Agreement other
than to the Purchaser and will vote their Shares subject to the Stockholders
Agreement in favor of the Merger and against any competing transactions. The
foregoing information is qualified in its
6
<PAGE>
entirety by reference to the Stockholders Agreement which was filed as Exhibit 2
to the Statement on Schedule 13D (Amendment No. 1) filed by Prudential Mortgage
Capital Company, LLC on May 22, 2000 and is incorporated herein by reference.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
The information set forth in the Offer to Purchase filed as Exhibit
(a)(1)(A) to the Schedule TO is incorporated herein by reference.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
7
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: May 23, 2000
PRUDENTIAL MORTGAGE CAPITAL ACQUISITION CORP.
By:/s/ Michael B. Jameson
--------------------------------------
Name: Michael B. Jameson
Title: Vice President
PRUDENTIAL MORTGAGE CAPITAL COMPANY, LLC
By:/s/ Michael B. Jameson
-------------------------------------
Name: Michael B. Jameson
Title: Senior Vice President
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
By: /s/ Michael B. Jameson
-----------------------------------------
Name: Michael B. Jameson
Title: Vice President
8
