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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 6
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.
701 North 34th Street, Suite 400
Seattle, Washington 98103
(206) 268-2000
(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) 447-0900
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June 2, 2000
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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 2,317,304
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 2,317,304
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,317,304
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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)
4.7%
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(14) Type of Reporting Person (See Instructions)
IN
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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
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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
Washington
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(7) Sole Voting Power
Number of 1,481,841
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 1,481,841
--------------------------------------------------------
(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,481,841
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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)
3%
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(14) Type of Reporting Person (See Instructions)
00
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3
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This Amendment No. 6 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, Amendment No. 3 on March 3, 1999, Amendment
No. 4 on April 21, 1999 and Amendment No. 5 on December 14, 1999 (the "Schedule
13D"). This Amendment No. 6 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. 6 amends and restates Item 5 of the Schedule
13D, amends Item 3 and Item 4 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.
Item 3: SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION
The last sentence of Item 3 is deleted and replaced in its entirety
with the following:
580,000 Option Shares are exercisable within 60 days after the date
hereof.
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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
and PDI, each of Mark Torrance and PDI 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 and PDI'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
and PDI (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 and PDI'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) 222,463 Shares owned directly by Mark Torrance; and
(ii) 1,481,841 Shares owned by PDI, the limited liability company of
which Mark Torrance is the Manager.
(iii) 580,000 Shares by virtue of holding the Stock Option.
(iv) 30,000 shares owned by The Mark Torrance Foundation, a
non-profit corporation, which is controlled by Mark Torrance.
PDI is deemed to be the beneficial owner of 1,481,841 Shares
owned by PDI directly.
On June 2, 2000 the Manager distributed 312,436 Shares from
Class A Assets held by PDI to Mark Torrance. Between June 2 and August 18 Mark
Torrance sold on the open market 90,000 Shares for an average price of $37.09.
On October 20, 2000 the Manager distributed 984,116 Shares from Class B Assets
held by PDI to Wade Torrance. After August 18, 2000 Mark Torrance ceased to be
a beneficial owner of more than five percent of Issuer Common Stock, and his
reporting requirement under Regulation D-G under the Securities Exchange Act of
1934, as amended, terminated. After August 18, 2000 PDI ceased to be a
beneficial owner of more than five percent of Issuer Common Stock, and its
reporting requirement under Regulation D-G under the Securities Exchange Act of
1934, as amended, terminated.
Except as described herein, none of Mark Torrance or PDI 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.
December __, 2000
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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.
December __, 2000
PDI, L.L.C.
By: ---------------------------
Name: Mark Torrance
Title: Manager
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