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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 11)*
DANAHER CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
23585110
- --------------------------------------------------------------------------------
(CUSIP Number)
MICHAEL G. RYAN
1250 24TH STREET, N.W., SUITE 800
WASHINGTON, DC 20037
(202) 828-0060
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 17, 1998
- --------------------------------------------------------------------------------
(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 [_].
Check the following box if a fee is being paid with the statement [_]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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 (however, see the
Notes).
<PAGE>
SCHEDULE 13D
- ---------------------------- ------------------
CUSIP No. 23585110 Page 2 of 7 Pages
------------------
- ---------------------------- ------------------
- ---------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Equity Group Holdings LLC
- ---------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- ---------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------
4 SOURCE OF FUNDS*
- ---------------------------------------------------------------
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
24,064,888
NUMBER OF
SHARES ---------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH
REPORTING ---------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 24,064,888
---------------------------------------
10 SHARED DISPOSITIVE POWER
None
- ---------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
24,064,888
- ---------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.8%
- ---------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ---------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE,
AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------------- -----------------------
CUSIP No. 23585110 Page 3 of 7 Pages
-------------------
- ----------------------------- -----------------------
- ---------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Equity Group Holdings II LLC
- ---------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- ---------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------
4 SOURCE OF FUNDS*
- ---------------------------------------------------------------
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
16,000,000
NUMBER OF
SHARES ---------------------------------------
BENEFICIALL 8 SHARED VOTING POWER
OWNED BY None
EACH
REPORTING ---------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 16,000,000
---------------------------------------
10 SHARED DISPOSITIVE POWER
None
- ---------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
16,000,000
- ---------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(11)
EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW(11)
11.9%
- ---------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ---------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE,
AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ---------------------------- ------------------------------
CUSIP No. 23585110 Page 4 of 7 Pages
------------------
- ---------------------------- ------------------------------
- ---------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven M. Rales
- ---------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- ---------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------
4 SOURCE OF FUNDS*
- ---------------------------------------------------------------
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
NUMBER OF 2,698,552
SHARES ---------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 40,064,888
EACH
REPORTING ---------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 2,698,552
---------------------------------------
10 SHARED DISPOSITIVE POWER
40,064,888
- ---------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
42,763,440
- ---------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.7%
- ---------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE,
AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------------------ -----------------------
CUSIP No. 23585110 Page 5 of 7 Pages
--------------------
- ------------------------------ -----------------------
- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mitchell P. Rales
- ---------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- ---------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------
4 SOURCE OF FUNDS*
- ---------------------------------------------------------------
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
2,667,298
NUMBER OF
---------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 40,064,888
OWNED BY
---------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,667,298
PERSON
---------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
40,064,888
- ---------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
42,732,186
- ---------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.7%
- ---------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ---------------------------- ---------------------------
CUSIP No. 23585110 Page 6 of 7 Pages
------------------
- ---------------------------- ---------------------------
In accordance with Rule 13d-2, this Amendment No. 10 to Schedule 13D amends and
supplements, in accordance with Rule 13d-2, the Schedule 13D and amendments
thereto previously filed by and on behalf of the Reporting Persons. The
information in this report reflects a two-for-one stock split effected on May 5,
1998.
ITEM 1. INTEREST IN SECURITIES OF THE ISSUER
Item 1 is hereby amended and supplemented as follows:
As of the date hereof: (i) Equity Group Holdings LLC is the beneficial
owner of 24,064,888 Shares, representing approximately 17.8% of the 134,979,529
Shares outstanding on October 15, 1998, as reported in the Issuer's Form 10-Q
for the quarter ended September 25, 1998; (ii) Equity Group Holdings II LLC is
the beneficial owner of 16,000,000 Shares representing approximately 11.9% of
the 134,979,529 Shares outstanding on October 15, 1998, as reported in the
Issuer's Form 10-Q for the quarter ended September 25, 1998; (iii) Mitchell P.
Rales is the beneficial owner of 42,732,186 Shares representing approximately
31.7% of the 134,979,529 Shares outstanding on October 15, 1998 as reported in
the Issuer's Form 10-Q for the quarter ended September 25, 1998; and (iv) Steven
M. Rales is the beneficial owner of 42,763,440 Shares representing approximately
31.7% of the 134,979,529 Shares outstanding on October 15, 1998, as reported in
the Issuer's Form 10-Q for the quarter ended September 25, 1998. The Shares
beneficially owned by each of Steven M. Rales and Mitchell P. Rales include the
aforementioned Shares owned by Equity Group Holdings LLC and Equity Group
Holdings II LLC. In addition, the Shares beneficially owned by each of Steven M.
Rales and Mitchell P. Rales include Shares pledged as collateral to secure a
loan of Shares to each of them by Capital Yield Corporation.
<PAGE>
- -------------------------- --------------------
CUSIP No. 23585110 Page 7 of 7 Pages
----------------
- -------------------------- --------------------
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.
Dated: November 25, 1998
-------------------
By: /s/ Steven M. Rales
---------------------
Steven M. Rales
By: /s/ Mitchell P. Rales
-----------------------
Mitchell P. Rales
EQUITY GROUP HOLDINGS LLC
By: /s/ Michael G. Ryan
---------------------
Michael G. Ryan, Vice President
EQUITY GROUP HOLDINGS II LLC
By: /s/ Michael G. Ryan
---------------------
Michael G. Ryan, Vice President
