SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D**
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
MacMillan Bloedel Limited
(Name of Issuer)
Common Shares, No Par Value
(Title of Class of Securities)
554783209
(Cusip Number)
W. Robert Cotham
201 Main Street, Suite 2600
Fort Worth, Texas 76102
(817) 390-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 30, 1997
(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 [ ].
*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).
**The total number of shares reported herein is 11,842,374 shares, which
constitutes approximately 9.5% of the total number of shares outstanding. All
ownership percentages set forth herein assume that there are 124,376,911 shares
outstanding.
<PAGE>
1. Name of Reporting Person:
TMI-FW, Inc.
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: Not Applicable
5. Check box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e):
/ /
6. Citizenship or Place of Organization: Texas
7. Sole Voting Power: 11,842,374 (1) (2)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 3,822,200 (1)(2)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
11,842,374 (2)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 9.5%
14. Type of Reporting Person: CO
- ----------
(1) Power is exercised through its President, Thomas M. Taylor.
(2) The shares were purchased by Ontario Teachers' Pension Plan Board and
Tundra Investors, L.P. TMI-FW, Inc. has sole voting power over 11,296,346
of these shares and sole dispositive power over 3,276,172 of these shares
pursuant to an account management agreement with Ontario Teachers' Pension
Plan Board and sole voting and dispositive power over 546,028 of these
shares pursuant to an account management agreement with Tundra Investors,
L.P. Accordingly, Ontario Teachers' Pension Plan Board has no beneficial
ownership over 3,276,172 of such shares and Tundra Investors, L.P. has no
beneficial ownership over any of the 546,028 shares held in its account
with TMI-FW, Inc.
<PAGE>
1. Name of Reporting Person:
Thomas M. Taylor
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: Not Applicable
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: 11,842,374 (1)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 3,822,200 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
11,842,374 (1)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 9.5%
14. Type of Reporting Person: IN
- ----------
(1) Solely in his capacity as President of TMI-FW, Inc.
<PAGE>
1. Name of Reporting Person:
Ontario Teachers' Pension Plan Board
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: 00-Other
5. Check box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e):
/ /
6. Citizenship or Place of Organization: Ontario, Canada
7. Sole Voting Power: -0-
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 8,020,174 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
8,020,174
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 6.4%
14. Type of Reporting Person: CO
- ----------
(1) Pursuant to an account management agreement with TMI-FW, Inc., TMI-FW,
Inc. has sole voting power over these shares.
<PAGE>
Pursuant to Rule 13d-2(a) of Regulation 13D-6 of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Act"),
the undersigned hereby amend their Schedule 13D Statement dated March 27, 1997
(the "Schedule 13D"), relating to the Common Stock, no par value, of MacMillan
Bloedel Limited. Unless otherwise indicated, all defined terms used herein
shall have the same meanings respectively ascribed to them in the Schedule 13D.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and restated in its entirety as follows:
The source and amount of the funds used or to be used by the Reporting
Persons to purchase shares of the Stock are as follows:
REPORTING PERSON SOURCE OF FUNDS AMOUNT OF FUNDS
TMI Not Applicable (1) Not Applicable (1)
TMT Not Applicable Not Applicable
Teachers Pension Fund Assets $153,192,703.23 (2)
(1) TMI has not expended any of its funds for purchases of the shares
of Stock reported herein. 546,028 shares of the Stock were purchased on behalf
of Tundra Investors, L.P. ("Tundra") and are held in an account managed by TMI
(the "Tundra Account") over which TMI has sole dispositive and sole voting power
pursuant to an account management agreement with Tundra. TMI expended
$7,510,443.38 of the contributions to the Tundra partnership in order to
purchase such shares, which represents the U.S. dollar equivalent as of the date
of each purchase.
(2) This figure represents the total amount expended by Teachers for
all purchases of shares of the Stock, including those held in an account managed
by TMI on behalf of Teachers (the "Teachers Account") in which TMI has sole
beneficial ownership pursuant to an account management agreement with Teachers.
For shares purchased directly by Teachers, Canadian dollars are converted to
U.S. dollars based on the exchange rates for March 12, 1997 (in the case of
purchases through the date of the original Schedule 13D filing) and for the date
of purchase (in the case of purchases thereafter through the date of this
Amendment); for shares purchased by TMI for the Teachers Account, Canadian
dollars are converted to U.S. dollars based on the exchange rate in effect for
the date of the purchase.
Item 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended by adding at the end thereof the following:
As described in the Issuer's recent press release, on April 30, 1997,
Thomas M. Taylor became a member of the Issuer's Board of Directors.
Except as set forth in this Item 4, the Reporting Persons have no
present plans or proposals that relate to or that would result in any of the
actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the
Act.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
Paragraphs (a) - (c) of Item 5 are hereby amended and restated in their
entireties as follows:
(a)
TMI
Pursuant to an account management agreement with Teachers, the aggregate
number of shares that TMI owns beneficially, pursuant to Rule 13d-3 of the Act,
is 11,296,346. Pursuant to an account management agreement with Tundra, the
aggregate number of shares that TMI owns beneficially, pursuant to Rule 13d-3
of the Act, is 546,028, which, together with the 11,296,346 shares it owns
beneficially pursuant to the account management agreement with Teachers,
constitutes approximately 9.5% of the outstanding shares of the Stock.
TMT
Because of his position as the President and sole stockholder of TMI,
TMT may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner
of 11,842,374 shares of the Stock, which constitutes approximately 9.5% of the
outstanding shares of the Stock.
Teachers
The aggregate number of shares of the Stock that Teachers owns
beneficially, pursuant to Rule 13d-3 of the Act, is 8,020,174, which constitutes
approximately 6.4% of the outstanding shares of the Stock.
To the best of the knowledge of each of the Reporting Persons, other
than as set forth above, none of the persons named in Item 2 herein is the
beneficial owner of any shares of the Stock.
(b)
TMI
Pursuant to an account management agreement with Teachers, and acting
through its President and sole stockholder, TMT, TMI has the sole power to vote
or to direct the vote of 11,296,346 shares of the Stock, and the sole power to
dispose or to direct the disposition of 3,276,172 shares of the Stock. Pursuant
to an account management agreement with Tundra, and acting through its President
and sole stockholder, TMT, TMI has the sole power to vote or to direct the vote
and to dispose or to direct the disposition of 546,028 shares of the Stock.
TMT
As the President and sole stockholder of TMI, TMT has the sole power to
vote or to direct the vote of 11,842,374 shares of the Stock and the sole power
to dispose or to direct the disposition of 3,822,200 shares of the Stock.
Teachers
Teachers has the sole power to dispose or to direct the disposition of
8,020,174 shares of the Stock. Teachers has no power to vote or direct the vote
of any shares of the Stock.
(c) Since the last filing on Schedule 13D, the following Persons
purchased and sold shares of the Stock in transactions on the Toronto Stock
Exchange, as follows:
NO. OF SHARES PRICE PER
PERSON DATE PURCHASED OR SOLD SHARE
Teachers (1) 04-01-97 27,000 (S) 14.20
Teachers (1) 04-04-97 27,000 (P) 13.51
Teachers (1) 04-07-97 6,900 (P) 13.66
Teachers (1) 04-09-97 27,000 (S) 13.42
Teachers (1) 04-14-97 27,000 (P) 13.25
Teachers (1) 04-24-97 27,000 (S) 13.94
(1) Shares were purchased with Canadian dollars. The price per share
listed reflects the U.S. dollar equivalent on the date of the transaction.
Except as set forth in this paragraph (c), to the best of the knowledge
of each of the Reporting Persons, none of the persons named in response to
paragraph (a) has effected any transactions in shares of the Stock during the
past 60 days.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 99.1 -- Agreement and Power of Attorney pursuant to Rule
13d-1(f)(1)(iii) previously filed herewith.<PAGE>
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: April 30, 1997
TMI-FW, INC.
By: /s/ W. R. Cotham
W. R. Cotham,
Vice President
ONTARIO TEACHERS' PENSION PLAN BOARD,
an Ontario, Canada corporation
By: /s/ W. R. Cotham
W. R. Cotham,
Attorney-in-Fact
CLAUDE LAMOUREUX (2)
/s/ W. R. Cotham
W. R. Cotham
Attorney-in-Fact for:
THOMAS M. TAYLOR (1)
(1) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf
of Thomas M. Taylor previously has been filed with the Securities and
Exchange Commission.
(2) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf
of Claude Lamoureux previously has been filed with the Securities and
Exchange Commission.
<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION
99.1 Agreement and Power of Attorney pursuant to Rule 13d-1(f)(1)(iii),
previously filed herewith
