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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 4
GETTY IMAGES, INC.
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(Name of Issuer)
Shares of Common Stock, par value $0.01 per share
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(Title of Class of Securities)
374276 10 3
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(CUSIP Number)
Mark Torrance
c/o Getty Images, Inc.
2101 Fourth Avenue, 5th Floor
Seattle, Washington 98121
(208) 695-3400
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)
Copy to:
Bruce M. Pym
Heller Ehrman White & McAuliffe
6100 Columbia Center, 701 Fifth Avenue
Seattle, Washington 98104
Telephone: (206) 447-0849
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March 12, 1999
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(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
[ ].
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CUSIP No. 374276 10 3
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(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Mark Torrance
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(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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(3) SEC Use Only
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(4) SOURCE OF FUNDS (See Instructions)
00
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(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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(6) Citizenship or Place of Organization
U.S.
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(7) Sole Voting Power
Number of 2,583,955
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 1,598,580
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 2,583,955
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(10) Shared Dispositive Power
1,598,580
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,182,535
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
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(13) Percent of Class Represented by Amount in Row (11)
13.7%
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(14) Type of Reporting Person (See Instructions)
IN
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2
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CUSIP No. 374276 10 3
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(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
PDI, L.L.C.
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(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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(3) SEC Use Only
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(4) SOURCE OF FUNDS (See Instructions)
00
---------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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(6) Citizenship or Place of Organization
Washington
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(7) Sole Voting Power
Number of 2,551,357
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 1,598,580
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 2,551,357
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(10) Shared Dispositive Power
1,598,580
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,149,937
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
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(13) Percent of Class Represented by Amount in Row (11)
13.6%
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(14) Type of Reporting Person (See Instructions)
00
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3
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CUSIP No. 374276 10 3
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(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Persons
Wade Torrance
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(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ X ]
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(3) SEC Use Only
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(4) SOURCE OF FUNDS (See Instructions) 00
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(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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(6) Citizenship or Place of Organization
U.S.
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(7) Sole Voting Power
Number of 364,644
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 1,598,580
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 364,644
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(10) Shared Dispositive Power
1,598,580
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,963,224
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
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(13) Percent of Class Represented by Amount in Row (11)
6.4%
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(14) Type of Reporting Person (See Instructions)
IN
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4
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This Amendment No. 4 amends the Schedule 13D filed with the Securities and
Exchange Commission on February 19, 1998 by PDI, LLC, a Washington limited
liability company, as amended by Amendment No. 1 on September 30, 1998,
Amendment No 2 on February 11, 1999, and Amendment No. 3 on March 3, 1999 (the
"Schedule 13D"). This Amendment No. 4 is filed to reflect information required
by Rule 13d-2 under the Securities Exchange Act of 1934, as amended, relating to
the Common Stock, par value $0.01 per share, of Getty Images, Inc., a Delaware
corporation. This Amendment No. 4 amends and restates Item 5 of the Schedule
13D, and does not amend any other Items not mentioned herein. Capitalized terms
used herein without definitions have the meaning set forth in the Schedule 13D.
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Item 5 is amended and restated in its entirety as follows:
Item 5. INTEREST IN SECURITIES OF ISSUER
Based on the most recent information available to Mark Torrance,
PDI and Wade Torrance, each of Mark Torrance, PDT and Wade Torrance are deemed
to beneficially own the number of Shares and the percentage of outstanding
shares listed in the responses to Items 11 and 13, respectively, on Mark
Torrance's PDI's and Wade Torrance's respective cover pages filed herewith, and
such responses are incorporated by reference herein. In addition, the number of
Shares with respect to which each of Mark Torrance, PDI and Wade Torrance (i)
has sole voting power, (ii) shares voting power, (iii) has sole dispositive
power, and (iv) shares dispositive power, are listed in responses to Items 7, 8,
9, and 10, respectively, on Mark Torrance's PDI's and Wade Torrance's respective
cover pages filed herewith, and such responses are incorporated by reference
herein.
Mark Torrance is deemed to be the beneficial owner of the
following Shares:
(i) 32,598 Shares owned directly by Mark Torrance; and
(ii) 4,149,937 Shares owned by PDI, the limited liability company of
which Mark Torrance is the Manager.
PDI is deemed to be the beneficial owner of 4,149,937 Shares
owned by PDI directly.
Wade Torrance is deemed to be the beneficial owner of the
following Shares:
(i) 364,644 Shares owned directly by Wade Torrance, and
(ii) 1,598,580 Shares by virtue of her membership interest in PDI.
On February 26, 1998, the manager distributed 250,000 Shares
form Class B Assets held by PDI to Wade Torrance as described in Item 2. On
March 3, 1998, Wade Torrance sold in the open market all 250,000 Shares for and
average price of $23.80 per share. Between September 2 and 15, PDI sold in the
open market 300,000 Shares from Class A Assets for an average price of $14.80
per share.
On January 8, 1999, the Manager distributed 444,644 Shares from
Class B Assets held by PDI to Wade Torrance as described in Item 2.
Between February 26, 1999 and March 12, 1999, PDI sold for an
average price of $20.49 per share 180,000 Shares from Class A Assets, 180,000
Shares from Class B Assets, and 40,000 Shares from Class C Assets. Between
March 12, 1999 and March 26, 1999, Wade Torrance sold 80,000 Shares owned
directly by her for an average price of $22.56 per share.
Except as described herein, none of Mark Torrance, PDI or Wade
Torrance has acquired or disposed of, or entered into any other transaction
with respect to, any Shares during the past 60 days.
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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.
April 20, 1999
/s/ Mark Torrance
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Mark Torrance
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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.
April 20, 1999
PDI, L.L.C.
/s/ Mark Torrance
By: ---------------------------
Name: Mark Torrance
Title: Manager
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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.
April 20, 1999
/s/ Wade Torrance
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Wade Torrance
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