<PAGE>
--------------------------------
/ OMB APPROVAL /
--------------------------------
/ OMB Number: 3235-0145 /
/ Expires: October 31, 1994 /
/ Estimated average burden /
/ hours per form ....... 14.90 /
-------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.12)*
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)
October 29, 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 [ ].
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 8 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
NUMBER OF 24,064,888
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
None
OWNED BY
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 24,064,888
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
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)
16.9%
- ------------------------------------------------------------------------------
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 3 of 8 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
NUMBER OF 12,500,000
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
None
OWNED BY
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 12,500,000
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
None
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,500,000
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.8%
- ------------------------------------------------------------------------------
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 4 of 8 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Equity Group Holdings III 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
NUMBER OF 3,500,000
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
None
OWNED BY
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,500,000
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
None
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,500,000
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%
- ------------------------------------------------------------------------------
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 5 of 8 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 2,578,552
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
40,064,888
OWNED BY
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,578,552
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
40,064,888
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,643,440
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.0%
- ------------------------------------------------------------------------------
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 6 of 8 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
NUMBER OF 2,572,298
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
40,064,888
OWNED BY
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,572,298
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
40,064,888
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,637,186
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.0%
- ------------------------------------------------------------------------------
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 7 of 8 Pages
- ----------------------- ---------------------
This Amendment No. 12 is being filed solely to report the addition of Equity
Group Holdings III LLC as a Reporting Person and the transfer of 3,500,000
shares of Danaher common stock to Equity Group Holdings III LLC from Equity
Group Holdings II LLC. Steven M. Rales and Mitchell P. Rales are the sole
members of both Equity Group Holdings II LLC and Equity Group Holdings III LLC
and, accordingly, there is no change in the ultimate beneficial ownership of the
transferred shares. This Amendment No. 12 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.
Item. 2. Identity and Background.
Item 2 is hereby amended and supplemented as follows:
Equity Group Holdings III LLC, is a newly formed Delaware limited
liability company. The business address of Equity Group Holdings III, LLC is
1250 24th Street, N.W., Washington, DC 20037. Equity Group Holdings III LLC is
engaged in the business of identifying and managing investments in private and
public companies. During the last five years, Equity Group Holdings III LLC: (i)
has not been convicted in a criminal proceeding (excluding traffic violations
and similar misdemeanors); or (ii) has not 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 or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and supplemented as follows:
As of the date hereof, Equity Group Holdings LLC is the beneficial
owner of 24,064,888 Shares, representing approximately 16.9% of the 142,346,187
Shares outstanding on October 21, 1999, as represented in the Issuer's Form 10-Q
for the quarter ended October 1, 1999. As of the date hereof, Equity Group
Holdings II LLC is the beneficial owner of 12,500,000 Shares representing
approximately 8.8% of the 142,346,187 Shares outstanding on October 21, 1999, as
represented in the Issuer's Form 10-Q for the quarter ended October 1, 1999. As
of the date hereof, Equity Group Holdings III LLC is the beneficial owner of
3,500,000 Shares representing approximately 2.5% of the 142,346,187 Shares
outstanding on October 21, 1999, as represented in the Issuer's Form 10-Q for
the quarter ended October 1, 1999. As of the date hereof, Mitchell P. Rales is
the beneficial owner of 42,637,186 Shares representing approximately 30.0% of
the 142,346,187 Shares outstanding on October 21, 1999, as represented in the
Issuer's Form 10-Q for the quarter ended October 1, 1999. As of the date
hereof, Steven M. Rales is the beneficial owner of 42,643,440 Shares
representing approximately 30.0% of the 142,346,187 Shares outstanding on
October 21, 1999, as represented in the Issuer's Form 10-Q for the quarter ended
October 1, 1999. 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 8 of 8 Pages
- ----------------------- ---------------------
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer, Interest in Securities of the Issuer.
Item 6 is hereby amended and supplemented as follows:
On October 29, 1999, Equity Group Holdings III LLC entered into a
credit agreement under which its Shares are held as collateral. Equity Group
Holdings III LLC retains sole investment and voting power with respect to the
Shares.
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: October 29, 1999
------------------
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
EQUITY GROUP HOLDINGS III LLC
By: /s/ Michael G. Ryan
---------------------
Michael G. Ryan, Vice President
