SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. _______)
Edison Schools Inc.
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(Name of issuer)
Class A Common Stock, par value $.01 per share
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(Title of class of securities)
281033100
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(CUSIP number)
November 17, 1999
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(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
Page 1 of 7 Pages
<PAGE>
13G
CUSIP No. 281033100 Page 2 of 7 Pages
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1 NAME OF REPORTING PERSONS
J.P. Morgan & Co. Incorporated
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
13-2625764
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER 0 SHARES
NUMBER OF --------------------------------------------------
SHARES 6 SHARED VOTING POWER 2,840,410 SHARES
BENEFICIALLY
OWNED BY -------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 0 SHARES
REPORTING
PERSON --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER 2,840,410 SHARES
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,840,410 SHARES
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3%
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12 TYPE OF REPORTING PERSON
HC, CO
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Page 2 of 7 Pages
<PAGE>
13G
CUSIP No. 281033100 Page 3 of 7 Pages
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1 NAME OF REPORTING PERSONS
J.P. Morgan Capital Corporation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
13-3610583
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER 0 SHARES
NUMBER OF --------------------------------------------------
SHARES 6 SHARED VOTING POWER 2,840,410 SHARES
BENEFICIALLY
OWNED BY -------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 0 SHARES
REPORTING
PERSON --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER 2,840,410 SHARES
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,840,410 SHARES
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3%
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12 TYPE OF REPORTING PERSON
CO
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Page 3 of 7 Pages
<PAGE>
13G
CUSIP No. 281033100 Page 4 of 7 Pages
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1 NAME OF REPORTING PERSONS
J.P. Morgan Investment Corporation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
51-0304608
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER 0 SHARES
NUMBER OF --------------------------------------------------
SHARES 6 SHARED VOTING POWER 2,840,410 SHARES
BENEFICIALLY
OWNED BY -------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 0 SHARES
REPORTING
PERSON --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER 2,840,410 SHARES
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,840,410 SHARES
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3%
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12 TYPE OF REPORTING PERSON
CO
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Page 4 of 7 Pages
<PAGE>
Item 1(a). Name of Issuer:
Edison Schools Inc. (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices:
521 Fifth Avenue, 15th Floor
New York, New York 10175
Item 2(a). Name of Person Filing:
J.P. Morgan & Co. Incorporated
J.P. Morgan Capital Corporation
J.P. Morgan Investment Corporation
Item 2(b). Address of Principal Business Office or, if None, Residence:
60 Wall Street
New York, New York 10260-0060
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities:
Class A common stock, par value $.01 per share
Item 2(e). CUSIP Number:
281033100
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing is a:
Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned:
2,840,410 shares. Includes 284,049 shares of class B
common stock, par value $.01 per share, of the
Company. Each share of class B common stock is
convertible at any time, at the option of the holder,
into one share of class A common stock. Does not
include 768,934 shares of class A common stock and
85,443 shares of class B common stock pledged to
Morgan Guaranty Trust Company of New York, an
affiliate of the reporting persons, by WSI Inc.
Page 5 of 7 Pages
<PAGE>
(b) Percent of class:
7.3%
(c) Number of shares as to which the reporting persons
have:
(i) Sole power to vote or to direct the vote: 0
shares
(ii) Shared power to vote or to direct the vote:
2,840,410 shares
(iii) Sole power to dispose or to direct the
disposition of: 0 shares
(iv) Shared power to dispose or to direct the
disposition of: 2,840,410 shares
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
An affiliate of the reporting persons has the right to receive
dividends from, and the proceeds from the sale of, certain of
the shares reported in this statement. Such interest relates
to less than five percent of the class of securities reported
in this statement.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
See Exhibit 1.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below each of the undersigned certifies that, to
the best of each of the undersigned's knowledge and belief,
the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Page 6 of 7 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Date: November 29, 1999
J.P. Morgan & Co. Incorporated
By: /s/ Travis F. Epes
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Name: Travis F. Epes
Title: Managing Director and
Assistant General Counsel
J.P. Morgan Capital Corporation
By: /s/ J. Edmund Colloton
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Name: J. Edmund Colloton
Title: Vice President
J.P. Morgan Investment Corporation
By: /s/ J. Edmund Colloton
--------------------------------------
Name: J. Edmund Colloton
Title: Vice President
Page 7 of 7 Pages
<PAGE>
EXHIBIT 1
The shares of Edison Schools Inc. reported herein are directly held by
J.P. Morgan Investment Corporation, which is a directly held subsidiary of J.P.
Morgan Capital Corporation, which is a directly held subsidiary of J.P. Morgan &
Co. Incorporated.
The undersigned hereby consent and agree to the joint filing on behalf
of each of them of this Schedule 13G.
Date: November 29, 1999
J.P. Morgan & Co. Incorporated
By: /s/ Travis F. Epes
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Name: Travis F. Epes
Title: Managing Director and
Assistant General Counsel
J.P. Morgan Capital Corporation
By: /s/ J. Edmund Colloton
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Name: J. Edmund Colloton
Title: Vice President
J.P. Morgan Investment Corporation
By: /s/ J. Edmund Colloton
--------------------------------------
Name: J. Edmund Colloton
Title: Vice President
