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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 17
TO
SCHEDULE 13D
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Under the Securities Exchange Act of 1934
THE LIMITED, INC.
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(Name of Issuer)
COMMON STOCK, $0.50 PAR VALUE 532716-107
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(Title of class of securities) (CUSIP number)
DENNIS J. BLOCK, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
(212) 310-8000
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(Name, address and telephone number of person authorized to receive notices and
communications)
MARCH 2, 1998
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(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.)
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<PAGE>
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CUSIP No. 532716-107 13D-PAGE 2
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1 NAME OF REPORTING PERSON: Leslie H. Wexner
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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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 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF 7 SOLE VOTING POWER: 56,215,300
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 6,091,117
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 56,215,300
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,091,117
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 62,306,417
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 22.9 %
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14 TYPE OF REPORTING PERSON: IN
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-107 13D-PAGE 3
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1 NAME OF REPORTING PERSON: The Wexner Foundation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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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 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 1,407,717
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 1,407,717
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,407,717
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.5%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-107 13D-PAGE 4
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1 NAME OF REPORTING PERSON: Health and Science Interests
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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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 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 2,000,000
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 2,000,000
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,000,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.7%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-107 13D-PAGE 5
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1 NAME OF REPORTING PERSON: Health and Science Interests II
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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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 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 350,000
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 350,000
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 350,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.1%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-107 13D-PAGE 6
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1 NAME OF REPORTING PERSON: The Wexner Children's Trust
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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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 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 18,750,000
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 18,750,000
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 18,750,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 6.9%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-107 13D-PAGE 7
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1 NAME OF REPORTING PERSON: Harry and Hannah Wexner Trust
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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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 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 144,600
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 144,600
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 144,600
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.1%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-107 13D-PAGE 8
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1 NAME OF REPORTING PERSON: Harry, Hannah and David Wexner Trust
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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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 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 2,188,800
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 2,188,800
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,188,800
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 17 relates to the Schedule 13D dated June 25, 1985,
as amended in certain respects by Amendments No. 1 through 16 thereto, filed by
a group currently comprised of Leslie H. Wexner, The Wexner Foundation, Health
and Science Interests, Health and Science Interests II, The Wexner Children's
Trust, the Harry and Hannah Wexner Trust and the Harry, Hannah and David Wexner
Trust (collectively, the "Purchasers").
Item 2. Identity and Background.
-----------------------
On January 31, 1997, Leslie H. Wexner contributed 3,989,400 shares of
Common Stock to the Harry, Hannah and David Wexner Trust. The trustees of such
trust are Mr. Wexner and Jeffrey E. Epstein.
Item 5. Interest in Securities of the Issuer.
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(a) As of March 5, 1998, the Purchasers beneficially
owned the following shares of the Common Stock (the approximate percentages of
the shares of Common Stock owned as indicated in parenthesis below are based on
the 272,491,148 shares reported as outstanding in the Company's Quarterly Report
on Form 10-Q for the fiscal quarter ended November 1, 1997):
1. Leslie H. Wexner 62,306,417(1)(2)(3)(4)(5)(6) 22.9%
2. The Wexner Foundation 1,407,717(1) 0.5%
3. Health and Science
Interests 2,000,000(2) 0.7%
4. Health and Science
Interests II 350,000(2) 0.1%
5. The Wexner Children's
Trust 18,750,000(4) 6.9%
6. Harry and Hannah Wexner
Trust 144,600(5) 0.1%
7. Harry, Hannah and David Wexner
Trust 2,188,800(6) 0.8%
9
<PAGE>
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(1) Power to vote or direct the disposition of the 1,407,717 shares held
by The Wexner Foundation may be deemed to be shared by Leslie H.
Wexner and Jeffrey E. Epstein as the trustees of The Wexner
Foundation. Leslie H. Wexner and Jeffrey E. Epstein disclaim
beneficial ownership of the shares held by The Wexner Foundation.
(2) Power to vote or direct the disposition of the 2,350,000 shares
held in the aggregate by Health and Science Interests and
Health and Science Interests II may be deemed to be shared by
Leslie H. Wexner as grantor and Jeffrey E. Epstein as trustee
thereof. Leslie H. Wexner and Jeffrey E. Epstein disclaim
beneficial ownership of shares held by Health and Science
Interests and Health and Science Interests II.
(3) Includes 530,490 shares held in The Limited, Inc. Savings and
Retirement Plan for Mr. Wexner's account and 175,000 shares
issuable upon exercise of options held by Mr. Wexner. Excludes
389 shares held directly by Mr. Wexner's spouse and 200,000
shares held in a trust of which Mr. Wexner's spouse is a
beneficiary, as to which Mr. Wexner disclaims beneficial ownership.
(4) Power to vote or direct the disposition of the 18,750,000 shares held
by Leslie H. Wexner as the sole trustee of The Wexner Children's Trust.
(5) Power to vote or direct the disposition of the 144,600 shares held by
the Harry and Hannah Wexner Trust may be deemed to be shared by Leslie
H. Wexner and Jeffrey E. Epstein as trustees of such trust.
(6) Power to vote or direct the disposition of the 2,188,800 shares held by
the Harry, Hannah and David Wexner Trust may be deemed to be shared by
Leslie H. Wexner and Jeffrey E. Epstein as trustees of such trust.
(b) The responses of the Purchasers to Item 7 through 11 of
the portions of the cover pages of this Amendment No. 17 to the Schedule 13D
which relate to the beneficial ownership of shares of the Common Stock are
incorporated herein by reference.
10
<PAGE>
(c) During the past sixty days, the Purchasers effected the
following transactions in the Common Stock:
<TABLE>
<CAPTION>
Date of Amount of Price per Where and
Person Transaction Securities Share How Effected
- ------ ----------- ---------- -------- ------------
<S> <C> <C> <C> <C>
Leslie H. Wexner 2/1/98 8,456 N/A Vesting of
shares Issuer's
restricted stock
grant
" 2/13/98 16,262 N/A Vesting of
shares Issuer's
restricted stock
grant
" 2/25/98 2,500,000 N/A Contribution to
shares The Wexner
Children's Trust
II
The Wexner 3/2/98 2,000,000 $29.125 NYSE (sale)
Children's Trust shares
II
" 3/5/98 500,000 $29.00 NYSE (sale)
shares
Harry and Hannah 3/5/98 1,500,000 $29.00 NYSE (sale)
Wexner Trust shares
Harry, Hannah and 3/5/98 500,000 $29.00 NYSE (sale)
David Wexner shares
Trust
</TABLE>
(d), (e): Not Applicable
11
<PAGE>
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: March 5, 1998
/s/ Leslie H. Wexner
------------------------------------
Leslie H. Wexner
THE WEXNER FOUNDATION
By: /s/ Darren K. Indyke
-----------------------------------
Darren K. Indyke, Secretary
HEALTH AND SCIENCE INTERESTS
By: /s/ Jeffrey E. Epstein
-----------------------------------
Jeffrey E. Epstein, Trustee
HEALTH AND SCIENCE INTERESTS II
By: /s/ Jeffrey E. Epstein
-----------------------------------
Jeffrey E. Epstein, Trustee
THE WEXNER CHILDREN'S TRUST
By: /s/ Leslie H. Wexner
-----------------------------------
Leslie H. Wexner, Trustee
HARRY AND HANNAH WEXNER TRUST
By: /s/ Jeffrey E. Epstein
-----------------------------------
Jeffrey E. Epstein, Trustee
12
<PAGE>
HARRY, HANNAH AND DAVID WEXNER TRUST
By: /s/ Jeffrey E. Epstein
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Jeffrey E. Epstein, Trustee
13
NYFS01...:\08\80808\0004\139\SCH2117J.37A
