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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Waddell & Reed Financial, Inc.
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(Name of Issuer)
Class B Common Stock - Par Value $0.01
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(Title of Class of Securities)
930059209
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(CUSIP Number)
October 11, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
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CUSIP NO. 930059209 13G Page 2 of 6 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields Capital Ltd.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF 5. SOLE VOTING POWER
SHARES 1,574,726
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,574,726
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PERSON WITH 8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,574,726
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
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12. TYPE OF REPORTING PERSON
00
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CUSIP No. 930059209 13G Page 3 of 6 Pages
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Item 1(a). Name of Issuer:
Waddell & Reed Financial, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
6300 Lamar Avenue, Overland Park, KS 66202
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Item 2(a). Name of Person Filing:
This statement is being filed by Highfields Capital Ltd., a company
organized under the laws of the Cayman Islands.
Item 2(b). Address of Principal Business Office or, if None, Residence:
c/o Goldman Sachs (Cayman) Trust, Limited
Harbour Centre, North Church Street
P.O. Box 896
George Town, Grand Cayman
Cayman Islands
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Item 2(c). Citizenship:
Cayman Islands
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Item 2(d). Title of Class of Securities:
Common Stock - Class B (NYSE: WDR B)
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Item 2(e). CUSIP Number
930059209
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CUSIP No. 930059209 13G Page 4 of 6 Pages
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [X]
Item 4. Ownership.
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1
(b)(2), if applicable, exceeds five percent, provide the following information
as of that date and identify those shares which there is a right to acquire.
(a) Amount beneficially owned:
1,574,726 shares of Class B Common Stock
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CUSIP No. 930059209 13G Page 5 of 6 Pages
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(b) Percent of class:
5.2%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,574,726
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(ii) Shared power to vote or to direct the vote --0--
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(iii) Sole power to dispose or to direct the disposition of 1,574,726
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(iv) Shared power to dispose or to direct the disposition of --0--
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Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issue of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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CUSIP No. 930059209 13G Page 6 of 6 Pages
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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.
19 October 1999
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Date
HIGHFIELDS CAPITAL LTD.
By: /s/ Clive Harris
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Signature
Clive Harris, Director
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Name/Title
