As filed with the Securities and Exchange Commission on December 2, 1999
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 4)
Under the Securities Exchange Act of 1934
Capital Trust, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
14052H100
- --------------------------------------------------------------------------------
(CUSIP Number)
Thomas E. Kruger, Esq.
Michael L. Zuppone, Esq.
Battle Fowler LLP
75 East 55th Street
New York, NY 10022
(212) 856-7000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
September 30, 1999
- --------------------------------------------------------------------------------
(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 / /.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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.
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Veqtor Finance Company, L.L.C.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
9,320,531
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 9,320,531
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,320,531
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.39%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Capital Trust Investors Limited Partnership (f/k/a CalREIT Investors
Limited Partnership)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Illinois
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH -0-
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,320,531
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.39%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SZ Investments, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
75,000
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 75,000
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,395,531
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.73%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Zell General Partnership, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Illinois
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
75,000
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 75,000
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,395,531
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.73%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel Zell Revocable Trust U/T/A December 17, 1990
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Illinois
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
75,000
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 75,000
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,395,531
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.73%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel Zell
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
124,760
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 124,760
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,445,291
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.86%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
V2 Holdings LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH -0-
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,320,531
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.39%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John R. Klopp
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
93,334
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 93,334
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,413,865
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.65%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Craig M. Hatkoff
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
101,334
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 9,320,531
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 101,334
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,320,531
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,421,865
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.69%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samstock, L.L.C.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
75,000
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 75,000
------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.34%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
895256.5
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
This Amendment No. 4 to Schedule 13D ("Amendment No. 4"), which
is filed pursuant to rule 13d-2(a) under the Securities Exchange Act of 1934, as
amended, amends and supplements the Schedule 13D, dated July 15, 1997, as filed
with the Securities and Exchange Commission (the "SEC") on July 25, 1997, as
amended by Amendment No. 1, as filed with the SEC on December 22, 1997, as
amended by Amendment No. 2, as filed with the SEC on July 2, 1998, as amended by
Amendment No. 3, as filed with the SEC on August 19, 1999 (as amended, the
"Schedule 13D"), which was filed by (i) Veqtor Finance Company, L.L.C., a
Delaware limited liability company ("VFC"); (ii) Capital Trust Investors Limited
Partnership (f/k/a CalREIT Investors Limited Partnership), an Illinois limited
partnership and a managing member of VFC ("CTILP"); (iii) SZ Investments, LLC, a
Delaware limited liability company and the sole general partner of CTILP
("SZI"); (iv) Zell General Partnership, Inc., an Illinois corporation and the
sole managing member of SZI ("Zell GP"); (v) the Samuel Zell Revocable Trust, a
trust formed under Illinois law pursuant to a trust agreement, dated December
17, 1990, and the sole stockholder of Zell GP ("Zell Trust"); (vi) Mr. Samuel
Zell, a citizen of the United States and the trustee of Zell Trust; (vii)
Samstock, L.L.C., a Delaware limited liability company ("Samstock"); (viii) V2
Holdings LLC, a Delaware limited liability company and a member of VFC ("V2H");
(ix) Mr. John R. Klopp, a citizen of the United States and a member of V2H; and
(x) Craig M. Hatkoff, a citizen of the United States and a member of V2H, with
respect to the ownership of class A common shares of beneficial interest, $1.00
par value (the "Class A Common Shares"), in Capital Trust, a California business
trust (the "Issuer"). As reported in Amendment No. 3 to the Schedule 13D, the
Issuer has been reorganized into Capital Trust, Inc., a Maryland corporation and
each Class A Common Share has been converted into one share of class A common
stock, par value $.01 per share, of Capital Trust, Inc. This statement therefore
now relates to the shares of class A common stock, par value $.01 per share
("Class A Common Stock"), of Capital Trust, Inc. (hereinafter the "Issuer"),
whose principal office is located at 605 Third Avenue, 26th Floor, New York, New
York 10016. All capitalized terms not otherwise defined herein shall have the
meanings ascribed thereto in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended by amending and restating paragraphs (a) and (b) in their
entirety as follows:
(a) and (b) The aggregate percentage of shares of Class A
Common Stock reported beneficially owned by the Reporting Persons is based upon
21,988,524 shares of Class A Common Stock issued and outstanding. The Reporting
Persons as a group beneficially own 9,639,959 shares of Class A Common Stock,
including (i) 9,423,531 outstanding shares of Class A Common Stock; and (ii)
216,428 shares of stock issuable upon exercise or conversion of outstanding
stock options and stock units. The foregoing shares represent approximately
43.41% of the outstanding shares of Class A Common Stock (calculated in
accordance with Rule 13d-3). VFC holds of record and thereby directly
beneficially owns and has the sole power to vote and dispose of 9,320,531 of the
foregoing outstanding shares of Class A Common Stock (the "VFC Reported
Shares"). CTILP, SZI, Zell GP, Zell Trust, Mr. Zell, V2H, Mr. Klopp and Mr.
Hatkoff share the indirect power to vote or dispose of the VFC Reported Shares
that are beneficially owned directly by VFC. Mr. Hatkoff beneficially owns and
has the sole power to vote and dispose of 18,000 outstanding shares of Class A
Common Stock. Mr. Hatkoff beneficially owns and will have the sole power to vote
and dispose of 83,334 shares of Class A Common Stock issuable upon the exercise
of options to purchase shares of Class A Common Stock that are, or become within
60 days, vested and exercisable. Mr. Klopp beneficially owns and has the sole
power to vote and dispose of 10,000 outstanding shares of Class A Common Stock.
Mr. Klopp beneficially owns and will have the sole power to vote and dispose of
83,334 shares of Class A Common Stock issuable upon the exercise of options to
895256.5
1
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
purchase Class A Common Shares that are, or become within 60 days, vested and
exercisable. Samstock directly beneficially owns and has the sole power to vote
and dispose of 75,000 shares of Class A Common Stock ("Samstock Reported
Shares"). SZI, Zell GP, Zell Trust and Mr. Zell have the indirect power to vote
or dispose of the Samstock Reported Shares that are beneficially owned directly
by Samstock. Mr. Zell beneficially owns and will have the sole power to vote and
dispose of 49,760 shares of Class A Common Stock issuable upon the exercise or
conversion of options to purchase and stock units that are convertible into
shares of Class A Common Stock that are, or become within 60 days, vested and
exercisable.
Item 5 is also amended and supplemented by adding the following to paragraph
(c):
Consistent with the agreement made in connection with the Public
Offering and with previous disclosure in this Schedule 13D, on September 30,
1999, VFC converted the 5,946,825 shares of Class A Preferred Stock then held by
VFC, pursuant to the conversion provisions thereof, into the same number of
shares of Class A Common Stock, whereupon VFC became the direct beneficial owner
of 9,320,531 shares of Class A Common Stock.
On September 30, 1999, the Company awarded stock units convertible
into 1,763 shares of Class A Common Stock to Samuel Zell in accordance with the
Company's previously established stock unit award program for directors.
Item 6. Contracts, Arrangements, Understandings or Relationships with
respect to Securities of the Issuer.
Item 6 is amended and supplemented by adding the following:
Consistent with the agreement made in connection with the Public
Offering and with previous disclosure in this Schedule 13D, on September 30,
1999, VFC converted the 5,946,825 shares of Class A Preferred Stock then held by
VFC, pursuant to the conversion provisions thereof, into the same number of
shares of Class A Common Stock, whereupon VFC became the direct beneficial owner
of 9,320,531 shares of Class A Common Stock.
895256.5
2
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge
and belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct and agrees that this statement may
be filed jointly with the other undersigned party.
Dated: December 2, 1999
895256.5
3
<PAGE>
Veqtor Finance Company, L.L.C.
By: Capital Trust Investors Limited Partnership
its managing member
By: SZ Investments, LLC
its general partner
By: Zell General Partnership, Inc.,
its managing member
By: /s/ Donald J. Liebentritt
--------------------------------------
Name: Donald J. Liebentritt
Title: Vice President
By: V2 Holdings LLC
its managing member
By: John R. Klopp
its member
/s/ John R. Klopp
----------------------------------
John R. Klopp
Capital Trust Investors Limited Partnership
By: SZ Investments, LLC
its general partner
By: Zell General Partnership, Inc.,
its managing member
By: *
----------------------------------
Name: Samuel Zell
Title: President
SZ Investments, LLC
By: Zell General Partnership, Inc.
its managing member
By: *
----------------------------------
Name: Samuel Zell
Title: President
895256.5
4
<PAGE>
Zell General Partnership, Inc.
By: *
---------------------------------
Name: Samuel Zell
Title: President
Samuel Zell Revocable Trust
By: *
---------------------------------
Name: Samuel Zell
Title: Trustee
Samuel Zell
*
---------------------------------
Samuel Zell
Samstock, L.L.C.
By: SZ Investments, LLC,
its member
By: Zell General Partnership, Inc.
its managing member
By: *
---------------------------------
Name: Samuel Zell
Title: President
V2 Holdings LLC
By: John R. Klopp
its member
/s/ John R. Klopp
---------------------------------
John R. Klopp
John R. Klopp
/s/ John R. Klopp
---------------------------------
John R. Klopp
895256.5
5
<PAGE>
Craig M. Hatkoff
*
---------------------------------
Craig M. Hatkoff
* By /s/ John R. Klopp
---------------------------------
John R. Klopp
Attorney-in-Fact
895256.5
6
