As filed with the Securities and Exchange Commission on February 2, 2000
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 5)
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)
December 2, 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(e)(f) or (g), check the following box / /.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 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 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.
901199.6
<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
3,192,288
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,192,288
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,192,288
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.52%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<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
3,267,288
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,267,288
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,267,288
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.86%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sam Investment Trust
- --------------------------------------------------------------------------------
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
3,267,288
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,267,288
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,267,288
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.86%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chai Trust 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 Illinois
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
3,267,288
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,267,288
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,267,288
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.86%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Equity Group Investments, 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
-0-
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,267,288
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,267,288
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.86%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<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 --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
75,000
- --------------------------------------------------------------------------------
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)
0.34%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<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 --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
75,000
- --------------------------------------------------------------------------------
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)
0.34%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CMH Investment Partnership LP
- --------------------------------------------------------------------------------
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
2,330,132
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,330,132
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,330,132
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.60%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<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
2,464,799
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,464,799
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,464,799
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.15%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JRK Investment Partnership LP
- --------------------------------------------------------------------------------
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
2,330,132
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,330,132
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,330,132
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.60%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<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
2,456,799
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING --------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,456,799
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,456,799
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.11%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
This Amendment No. 5 to Schedule 13D ("Amendment No. 5"), 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 by
Amendment No. 4, as filed with the SEC on September 30, 1999 (as amended, the
"Schedule 13D"), which schedule and/or amendments thereto were filed by the
following persons who had such relationships with each other at the time of the
filings as indicated in this paragraph below: (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 (collectively, the "Former Reporting Persons"), 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. As reported in Amendment No. 3 to the Schedule 13D, Capital Trust 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 2. Identity and Background
Item 2 is amended and restated in its entirety as follows:
As a result of the Separation Transaction (as hereinafter defined)
and the subsequent transfer of ownership of Zell GP, the beneficial owners of
the shares of Class A Common Stock previously reported in this statement has
changed. Therefore, this statement as amended hereby is now filed by the
following reporting persons: (i) Veqtor Finance Company, LLC, a Delaware limited
liability company ("VFC"); (ii) Samstock, L.L.C., a Delaware limited liability
company ("Samstock"); (iii) SZ Investments LLC, a Delaware limited liability
company and the sole member of Samstock ("SZI"); (iv) Zell General Partnership,
Inc., an Illinois corporation and the sole managing member of SZI and the sole
managing member of VFC ("Zell GP"); (v) the Sam Investment Trust, a trust formed
under Illinois law and the sole stockholder of Zell GP ("Sam Trust"); (vi) Chai
Trust Company, L.L.C., an Illinois limited liability company and the trustee of
Sam Trust ("Chai"); (vii) Equity Group Investments, L.L.C., a Delaware limited
liability company and investment advisor to Chai ("EGI"); (viii) CMH Investment
Partnership LP, a Delaware limited partnership ("Hatkoff LP"); (ix) Mr. Craig M.
Hatkoff, a citizen of the United States and the general partner of Hatkoff LP
("Hatkoff"); (x) JRK Investment Partnership LP, a Delaware limited partnership
("Klopp LP"); and (xi) Mr. John R. Klopp, a citizen of the United States and the
general
1
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
partner of Klopp LP ("Klopp"). The foregoing persons are hereinafter referred to
as the "Reporting Persons."
The principal place of business of each of Chai, EGI, Sam Trust,
Samstock, SZI, Zell GP and VFC is c/o Equity Group Investments, L.L.C., Two
North Riverside Plaza, Chicago, Illinois 60606. The principal place of business
of each of Hatkoff LP, Klopp LP, Hatkoff and Klopp is c/o Capital Trust, Inc.,
605 Third Avenue, 26th Floor, New York, New York 10016.
The principal business purpose of each of Hatkoff LP, Klopp LP,
Samstock, Sam Trust, SZI and VFC is investment in securities. The beneficiaries
of Sam Trust are Mr. Samuel Zell ("Zell"), the chairman of the board of
directors of the Issuer, and members of his family. The principal business
purpose of EGI is investment management. The principal business purpose of Chai
is to serve as trustee for trusts for the benefit of Zell and his family,
including Sam Trust. The principal business purpose of Zell GP is to serve as
general partner or member of partnerships or limited liability companies in
which certain of its affiliates own equity interests.
Hatkoff is a director, vice chairman, and chairman of the executive
committee of the board of directors of the Issuer. Klopp is a director, vice
chairman, chief executive officer and president of the Issuer.
Attached as Appendix A to Item 2 is information concerning the
directors and executive officers of Zell GP, Chai and EGI ("Appendix A") which
is required to be disclosed pursuant to Item 2 and General Instruction C to
Schedule 13D. Certain of the persons listed on Appendix A beneficially own
shares of Class A Common Stock.
None of the Reporting Persons nor, to their knowledge, any of the
individuals listed in Appendix A, has, during the last five years (i) been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) been 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 activities subject to, federal or state securities
laws or finding any violation of such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended and supplemented by adding the following:
Upon consummation of the Separation Transaction, each of Hatkoff LP
and Klopp LP acquired beneficial ownership of such number of shares of Class A
Common Stock that were previously directly beneficially owned by VFC equal to
the number of shares in which the persons currently controlling such
partnerships held a pecuniary interest prior to such transaction. Each of the
foregoing partnerships acquired their respective shares of Class A Common Stock
as a capital contribution to such partnerships made by VFC in consideration of
VFC's partnership interest in such partnership. Such partnership interests were
subsequently distributed and assigned to one or more of the current partners in
the foregoing partnerships in connection with the redemption of such current
partner(s)' limited liability company interest then held in VFC.
2
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
Item 4. Purpose of Transaction.
Item 4 is amended and restated as follows:
The Reporting Persons intend to hold the shares of Class A Common
Stock reported herein for investment purposes, but reserve the right to consider
various alternatives for their investment in the Issuer including pursuing or
advancing:
(a) the acquisition of additional securities of the Issuer, or the
disposition of securities of the Issuer in the open market or
otherwise; (b) an extraordinary corporate transaction, such as a
merger or liquidation, involving the Issuer; (c) a sale or transfer
of a material amount of assets of the Issuer; (d) a change in the
present board of directors or management of the Issuer; (e) a
material change in the present dividend policy of the Issuer; (f)
other material changes in the Issuer's business or corporate
structure; (g) changes in the Issuer's charter or bylaws or other
actions which may impede the acquisition of control of the Issuer by
a person; or (h) actions similar to those enumerated above.
The Reporting Persons' determination with respect to the foregoing
possibilities will depend upon various factors, including, but not limited to,
the Reporting Persons' evaluation of the Issuer and its prospects, general
market and economic conditions (including conditions affecting the capital
market and real estate market in general), other opportunities available to the
Reporting Persons and other factors the Reporting Persons may deem relevant to
their investment decision.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended as follows:
(a) and (b) The aggregate percentage of shares of Class A Common
Stock reported beneficially owned by the Reporting Persons as of January 1, 2000
(the date of the latest event disclosed in Item 5 below) is based upon
21,988,524 shares of Class A Common Stock issued and outstanding as reported in
the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended
September 30, 1999. The Reporting Persons as a group beneficially own 8,188,886
shares of Class A Common Stock, including (i) 7,955,552 outstanding shares of
Class A Common Stock; and (ii) 233,334 shares of stock issuable upon exercise or
conversion of outstanding stock options. The foregoing shares represent
approximately 36.85% 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 direct power to vote 3,192,288 of
the foregoing outstanding shares of Class A Common Stock (the "VFC Reported
Shares"). Chai, Sam Trust and Zell GP each have the indirect power to vote the
VFC Reported Shares. EGI, Chai, Sam Trust and Zell GP share the indirect power,
and VFC shares the direct power, to dispose of the VFC Reported Shares. Samstock
directly beneficially owns and has the sole direct power to vote 75,000 shares
of Class A Common Stock ("Samstock Reported Shares"). Chai, Sam Trust, Zell GP
and SZI each have the indirect power to vote the Samstock Reported Shares. EGI,
Chai, Sam Trust, Zell GP and SZI each share the indirect power and Samstock
shares the direct power to dispose of the Samstock Reported Shares. Hatkoff LP
holds of record and thereby directly beneficially owns and has the sole power to
vote and dispose of 2,330,132 of the foregoing outstanding shares of Class A
3
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
Common Stock (the "Hatkoff LP Reported Shares"). Hatkoff has the indirect power
to vote or dispose of the Hatkoff LP Reported Shares. Hatkoff beneficially owns
and has the sole power to vote and dispose of 18,000 outstanding shares of Class
A Common Stock. Hatkoff beneficially owns and will have the sole power to vote
and dispose of 116,667 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. Klopp LP holds of record and thereby directly
beneficially owns and has the sole power to vote and dispose of 2,330,132 of the
foregoing outstanding shares of Class A Common Stock (the "Klopp LP Reported
Shares"). Klopp has the indirect power to vote or dispose of the Klopp LP
Reported Shares. Klopp beneficially owns and has the sole power to vote and
dispose of 10,000 outstanding shares of Class A Common Stock. Klopp beneficially
owns and will have the sole power to vote and dispose of 116,667 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.
(c) In a series of coordinated transactions (the "Separation
Transaction"), beneficial ownership of an aggregate of 4,660,264 shares of the
9,320,531 shares of Class A Common Stock previously directly beneficially owned
by VFC prior to the Separation Transaction was transferred to Hatkoff LP and
Klopp LP. Beneficial ownership of an aggregate of 1,467,979 of such shares of
Class A Common Stock previously directly beneficially owned by VFC was
transferred to partnerships controlled by the former limited partners of CTILP
(the "Other Partnerships"). Each of Hatkoff LP, Klopp LP and the Other
Partnerships acquired direct beneficial ownership of such number of shares of
Class A Common Stock equal to the number of shares in which the persons
currently controlling such partnerships held an indirect pecuniary interest
prior to the Separation Transaction. VFC retained direct beneficial ownership of
3,192,888 shares of Class A Common Stock which represents the number of shares
in which the persons currently controlling VFC held an indirect pecuniary
interest prior to the Separation Transaction.
The Separation Transaction was effected as follows. On December 2,
1999, CTILP was dissolved whereupon the former partners thereof were distributed
their pro rata share of the common member interests in VFC owned by CTILP.
Thereafter, on December 6, 1999, the former CTILP partners (or their further
assignees) were admitted as members of VFC. After the foregoing dissolution and
admission transactions, the members of VFC included V2, Zell GP, two affiliates
of Zell GP and five associates of affiliates of Zell GP.
Thereafter, on December 6, 1999, VFC and Hatkoff formed Hatkoff LP
and VFC and Klopp formed Klopp LP. In connection with such formation
transactions, VFC contributed 2,330,132 shares of Class A Common Stock as a
capital contribution to each of Hatkoff LP and Klopp LP in consideration of
VFC's partnership interest in each such partnership. On December 7, 1999, VFC
redeemed the limited liability company interests in VFC held by Hatkoff, a trust
established by Hatkoff for the benefit of Hatkoff's family, Klopp and a trust
established by Klopp for the benefit of Klopp's family (inasmuch as such persons
had succeeded to the limited liability company interests in VFC held by V2 and
had been admitted as members of VFC following the earlier dissolution of V2 on
December 6, 1999) in exchange for, in the case of Hatkoff and his family trust,
a distribution of VFC's entire interest in the previously formed Hatkoff LP (to
which a number of shares equal to Hatkoff's indirect pecuniary interest prior to
the Separation Transaction has been transferred), and in the case of Klopp and
his family trust, a distribution of VFC's interest in the previously formed
Klopp LP (to which a number of shares equal to Klopp's indirect pecuniary
interest prior to the Separation Transaction had been transferred).
Thereafter, on December 8, 1999, VFC formed separately the Other
Partnerships with the former limited partners of CTILP. In connection with such
formation transactions, VFC contributed such number of shares of Class A Common
Stock to each of the Other Partnerships equal to the number of shares in
4
901199.6
<PAGE>
CUSIP No. 14052H100 SCHEDULE 13D
which the persons currently controlling the Other Partnerships held an indirect
pecuniary interest prior to the Separation Transaction. An aggregate of
1,467,979 shares was contributed to the Other Partnerships.
Thereafter, on December 9, 1999, VFC redeemed the limited liability
company interests in VFC held by the former limited partners of CTILP and their
transferees, as applicable, in exchange for a distribution of VFC's entire
interest in each of their respective Other Partnerships (to which a number of
shares equal to their indirect pecuniary interest prior to the Separation
Transaction had been transferred).
Upon consummation of the Separation Transaction by means of the
foregoing transactions, Hatkoff LP, Klopp LP, VFC and the Other Partnerships
acquired (or, in the case of VFC, retained) direct beneficial ownership of such
number of shares of Class A Common Stock as is set forth opposite its name or
identity below:
Person Shares
------ ------
Hatkoff LP 2,330,132
Klopp LP 2,330,132
VFC 3,192,288
Other Partnerships 1,467,979
On January 1, 2000, Zell Trust transferred all of the shares of
capital stock of Zell GP owned by it to Sam Trust, whereupon Sam Trust became
the sole stockholder of Zell GP.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the shares of Class A Common Stock reported herein.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with respect
to Securities of the Issuer.
Item 6 is amended and supplemented by adding the following:
Certain of the Reporting Persons intend to enter into a stockholders'
agreement that may provide for, among other things, rights of first offer with
regard to sales of stock, buy/sell provisions pursuant to which a stockholder
may be obligated to purchase from or sell to another stockholder shares of stock
and voting agreements.
Item 7. is amended and supplemented by adding the following: Issuer.
Exhibit No. Description
----------- -----------
1. Joint Filing Agreement and Power of Attorney,
Dated February 2, 2000
5
901199.6
<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: February 2, 2000
[BALANCE OF PAGE INTENTIONALLY LEFT BLANK]
901199.6
<PAGE>
Veqtor Finance Company, L.L.C.
By: Zell General Partnership, Inc.,
its managing member
By: /s/ Donald J. Liebentritt
-----------------------------
Name: /s/ Donald J. Liebentritt
Title: Vice President
Samstock, L.L.C.
By: SZ Investments, LLC,
its member
By: Zell General Partnership, Inc.,
its managing member
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
SZ Investments, LLC
By: Zell General Partnership, Inc.,
its managing member
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
Zell General Partnership, Inc.
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
Sam Investment Trust
By: Chai Trust Company, L.L.C., trustee
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
901199.6
<PAGE>
Chai Trust Company, L.L.C.
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
Equity Group Investments, L.L.C.
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Chief Operating Officer
CMH Investment Partnership LP
By: /s/ Craig M. Hatkoff
-----------------------------
Name: Craig M. Hatkoff
Title: General Partner
Craig M. Hatkoff
/s/ Craig M. Hatkoff
-----------------------------
Craig M. Hatkoff
JRK Investment Partnership LP
By: /s/ John R. Klopp
-----------------------------
Name: John R. Klopp
Title: General Partner
John R. Klopp
/s/ John R. Klopp
-----------------------------
John R. Klopp
901199.6
<PAGE>
APPENDIX A TO ITEM 2
Set forth below is information concerning the directors and principal
executive officers of the following: (i) Zell General Partnership, Inc. ("Zell
GP"), which is the sole managing member of Veqtor Finance Company, L.L.C. and
the sole managing member of SZ Investments, LLC; (ii) Chai Trust Company,
L.L.C., an Illinois limited liability company ("Chai"), the trustee of Sam
Investment Trust, the sole stockholder of Zell GP; and (iii) Equity Group
Investments, L.L.C. ("EGI"), investment advisor to Chai. Each of the individuals
identified below is a United States citizen.
Samuel Zell is the sole director of Zell GP. The principal executive
officers of Zell GP are as follows:
Samuel Zell President
Sheli Z. Rosenberg Vice President
Donald J. Liebentritt Vice President
Rod F. Dammeyer Vice President
The directors and principal executive officers of Chai are as
follows:
Bert Cohen Director
Donald J. Liebentritt Director, Vice President and Secretary
Robert M. Levin Senior Trust Officer
Sheli Z. Rosenberg Director, Chief Executive Officer and President
Kellie Zell Director
Leah Zell Wanger Director
JoAnn Zell Director
Matthew Zell Director
John Zoeller Chief Financial Officer, Treasurer, Vice President,
Assistant Trust Officer
The directors and principal executive officers of EGI are as follows:
Samuel Zell Chairman
Sheli Z. Rosenberg President and Chief Executive Officer
Donald J. Liebentritt Chief Operating Officer
Rod F. Dammeyer Managing Director
John Zoeller Vice President
The principal occupation of Samuel Zell is chairman of Equity Group
Investments, L.L.C. ("EGI"), a privately held company engaged in investment
management in the real estate and general commercial business sectors. The
principal occupation of Ms. Rosenberg is president and chief executive officer
of EGI. The principal occupation of Mr. Liebentritt is chief operating officer
of EGI. The
901199.6
<PAGE>
principal occupation of Mr. Dammeyer is managing director of EGI
Corporate Investments, a division of EGI.
The principal occupation of Mr. Cohen is private personal investment.
The principal occupation of Mr. Levin is attorney and partner in the law firm of
Levin & Schreder Ltd. Kellie Zell is currently not employed. The principal
occupation of JoAnn Zell is a physician. The principal occupation of Leah Zell
Wanger is co-owner and co-manager of Wanger Asset Management, a registered
investment advisor for the Acorn Mutual Funds. The principal occupation Matthew
Zell is president of Pro-Net Solutions, Inc. The principal occupation of Mr.
Zoeller is vice president-taxes of EGI.
The business address of Messrs. Samuel Zell, Matthew Zell,
Liebentritt, Dammeyer and Zoeller and Mss. Rosenberg, Kellie Zell and JoAnn Zell
is c/o Equity Group Investments, L.L.C., Two North Riverside Plaza, Chicago,
Illinois 60606. Mr. Cohen resides at 181 North Carolina Avenue, Los Angeles,
California 90049. The business address of Mr. Levin is Levin & Schreder, 120
North LaSalle Street, Suite 3800, Chicago, Illinois 60602 . The business address
of Leah Zell Wanger is Wanger Asset Management, 227 West Monroe Street, Suite
300, Chicago, Illinois 60603.
901199.6
<PAGE>
Exhibit 1
JOINT FILING AGREEMENT AND POWER OF ATTORNEY
(i) Joint Filing. Each of the undersigned persons does hereby agree to
jointly file with the Securities and Exchange Commission a Schedule 13D on
behalf of each of them with respect to their beneficial ownership of shares of
class A common stock, par value $.01 per share, of Capital Trust, Inc.
(ii) Power of Attorney. Know all persons by these presents that each
person whose signature appears below constitutes and appoints Donald J.
Liebentritt, Alisa M. Singer and John R. Klopp, and each of them, as his or her
true and lawful attorneys-in-fact and agents with full power of substitution and
resubstitution, for such person and in such person's name, place and stead, in
any and all capacities, to sign any and all amendments to the Schedule 13D filed
on behalf of each of them with respect to their beneficial ownership of
securities of Capital Trust, Inc., and to file the same, with all exhibits
thereto and all documents in connection therewith, with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents, and each
of them, full power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as fully to all
intents and purposes as such person might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and agents or any of
them, or such person or their substitute or substitutes, may lawfully do or
cause to be done by virtue hereof.
Dated: February 2, 2000
[BALANCE OF PAGE INTENTIONALLY LEFT BLANK]
901199.6
<PAGE>
Veqtor Finance Company, L.L.C.
By: Zell General Partnership, Inc.,
its managing member
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
Samstock, L.L.C.
By: SZ Investments, LLC,
its member
By: Zell General Partnership, Inc.,
its managing member
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
SZ Investments, LLC
By: Zell General Partnership, Inc.,
its managing member
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
Zell General Partnership, Inc.
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
Sam Investment Trust
By: Chai Trust Company, L.L.C., trustee
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
901199.6
<PAGE>
Chai Trust Company, L.L.C.
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Vice President
Equity Group Investments, L.L.C.
By: /s/ Donald J. Liebentritt
-----------------------------
Name: Donald J. Liebentritt
Title: Chief Operating Officer
CMH Investment Partnership LP
By: /s/ Craig M. Hatkoff
-----------------------------
Name: Craig M. Hatkoff
Title: General Partner
Craig M. Hatkoff
/s/ Craig M. Hatkoff
-----------------------------
Craig M. Hatkoff
JRK Investment Partnership LP
By: /s/ John R. Klopp
-----------------------------
Name: John R. Klopp
Title: General Partner
John R. Klopp
/s/ John R. Klopp
-----------------------------
John R. Klopp
901199.6
