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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 6 )*
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JEFFERIES GROUP, INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
472318 10 4
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(CUSIP Number)
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the filing 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.)
*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).
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SCHEDULE 13G
CUSIP No. 472318 10 4
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Plan Administrator, Jefferies Group, Inc. Employee Stock Ownership Plan
(the "ESOP"), the ESOP, and the Jefferies Group, Inc. Employee Stock
Ownership Trust (the "ESOP Trust")
_____________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
_____________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The ESOP is a defined contribution plan qualified under Section 401(a)
of the Internal Revenue Code of 1986, as amended. The ESOP Trust holds
the assets of the ESOP. The assets of the ESOP Trust have a situs in,
and the ESOP and the ESOP Trust are construed, enforced, and
administered according to the laws of, the State of California.
_____________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF - 0 -
SHARES ______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH - 0 -
REPORTING
PERSON ______________________________________________________________
WITH 7 SOLE DISPOSITIVE POWER
- 0 -
______________________________________________________________
8 SHARED DISPOSITIVE POWER
722,508 shares of Common Stock at December 31, 1993
_____________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
722,508 shares of Common Stock at December 31, 1993
_____________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
_____________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.68%
_____________________________________________________________________________
12 TYPE OF REPORTING PERSON*
EP
_____________________________________________________________________________
* SEE INSTRUCTION BEFORE FILLING OUT!
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SCHEDULE 13G
ITEM 1.
(a) Name of Issuer:
Jefferies Group, Inc. (the "Company")
(b) Address of Issuer's Principal Executive Offices:
11100 Santa Monica Boulevard
10th Floor
Los Angeles, California 90025
ITEM 2.
(a) Name of Persons Filing:
Plan Administrator, Jefferies Group, Inc. Employee Stock Ownership
Plan (the "ESOP"), the ESOP, and the Jefferies Group, Inc.
Employee Stock Ownership Trust (the "ESOP Trust")
(b) Address of Principal Business Office or, if none, Residence:
c/o Jefferies Group, Inc.
11100 Santa Monica Boulevard
10th Floor
Los Angeles, California 90025
(c) Citizenship:
The ESOP is a defined contribution plan of Jefferies Group, Inc.
qualified under Section 401(a) of the Internal Revenue Code of
1986, as amended. The ESOP Trust holds the assets of the ESOP.
The assets of the ESOP Trust have a situs in, and the ESOP and the
ESOP Trust are construed, enforced, and administered according to
the laws of, the State of California.
(d) Title of Class of Securities:
Common Stock, $.01 par value ("Common Stock")
(e) CUSIP Number:
472318 10 4
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
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(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [x] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see Section
240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
The following sets forth beneficial ownership information at
December 31, 1993:
(a) Amount Beneficially Owned:
722,508 shares of Common Stock
(b) Percent of Class:
12.68%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
- 0 -
(ii) shared power to vote or to direct the vote:
- 0 -
(iii) sole power to dispose or to direct the disposition of:
- 0 -
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(iv) shared power to dispose or to direct the disposition of:
722,508 shares of Common Stock
At December 31, 1993, a total of 722,508 shares of Common Stock were held
in the ESOP Trust, all of which were allocated to the accounts of participants.
All information set forth herein reflects allocations effective as of November
30, 1993.
The Plan Administrator is a committee of three members appointed by the
Board of Directors of the Company. All acts of the Plan Administrator are by a
majority of the committee members. The Plan Administrator is the principal
fiduciary with respect to the operation and maintenance of the ESOP, with
authority to determine the timing of the purchase of shares of Common Stock.
Any securities purchased by the ESOP are purchased by First Interstate
Bank of California, the trustee of the ESOP Trust (the "ESOP Trustee"), as
directed by the Plan Administrator. The Plan Administrator, the ESOP, the ESOP
Trust, and the ESOP Trustee may be deemed to have shared dispositive power over
the Common Stock held in the ESOP Trust.
The terms of the ESOP provide for the voting rights associated with the
Common Stock held by the ESOP Trust to be passed through and exercised
exclusively by the participants in the ESOP to the extent that such securities
are allocated to ESOP participants' accounts. Any shares held in the suspense
account maintained by the ESOP Trustee prior to their allocation to the
accounts of ESOP participants are voted by the ESOP Trustee at the direction of
the Plan Administrator. As of November 30, 1993, all shares of Common Stock
held in the ESOP Trust were allocated to the accounts of ESOP participants.
The current members of the committee acting as Plan Administrator are
Frank E. Baxter, Chairman, Chief Executive Officer and President of the Company
and a Director, Alan D. Browning, Executive Vice President, Chief Financial
Officer and Chief Administrative Officer of the Company and Melvin W. Locke,
Jr., Director of Human Resources of the Company. Pursuant to Rule 13d-4, each
such member disclaims beneficial ownership of shares of Common Stock that may
be deemed to be beneficially owned by the ESOP Trust, except that each such
member does not disclaim beneficial ownership of those shares in which he has
beneficial ownership as a participant in the ESOP.
At December 31, 1993, Mr. Baxter beneficially owned, in his individual
capacity, 432,686 shares of Common Stock, representing approximately 7.49% of
the outstanding class of Common Stock at that date. Further information
regarding Mr. Baxter's beneficial ownership in his individual capacity is set
forth in the Schedule 13G and amendments thereto filed by Mr. Baxter.
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At December 31, 1993, Mr. Browning beneficially owned, in his individual
capacity, 89,277.985 shares of Common Stock, representing approximately 1.54%
of the outstanding class of Common Stock at that date. The number of shares
beneficially owned by Mr. Browning includes 8,628.597 shares allocated to his
account under the ESOP (as to which shares he has sole voting power and no
dispositive power), 77,404 shares subject to options exercisable within sixty
days of December 31, 1993, and 206.127 shares held by the Jefferies Group, Inc.
Employees' Profit Sharing Plan. Except as otherwise indicated in the preceding
sentence, Mr. Browning has sole voting and sole dispositive power over the
shares beneficially owned by him at December 31, 1993.
At December 31, 1993, Mr. Locke beneficially owned, in his individual
capacity, 4,717 shares of Common Stock, representing approximately 0.08% of the
outstanding class of Common Stock at that date. The number of shares
beneficially owned by Mr. Locke includes 3,608.01 shares allocated to his
account under the ESOP (as to which shares he has sole voting power and no
dispositive power), and 661.716 shares held by the Jefferies Group, Inc.
Employees' Profit Sharing Plan. Except as otherwise indicated in the preceding
sentence, Mr. Locke has sole voting and sole dispositive power over the shares
beneficially owned by him at December 31, 1993.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Under the instruments governing the ESOP and the ESOP Trust, the ESOP
Trustee is empowered to receive or direct the receipt of dividends from, and
the proceeds from the sale of, all shares held in the ESOP Trust for the
exclusive benefit of the participants in the ESOP.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
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Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below the filing persons certify that, to the best of their
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purposes or effect.
SIGNATURES
The filing of this Amendment to Schedule 13G and amendments hereto, and
the statements herein and therein, shall not be construed as an admission that
the filing person or any other person named herein is, for purposes of Section
13(d), 13(g), 16(a), or 16(b) under the Securities Exchange Act of 1934, as
amended, or for any other purpose, the beneficial owner of any of the
securities described herein or therein.
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.
Date: February 14, 1994
PLAN ADMINISTRATOR, JEFFERIES GROUP, INC. EMPLOYEE STOCK
OWNERSHIP PLAN
JEFFERIES GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN
JEFFERIES GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN TRUST
By: PLAN ADMINISTRATOR, JEFFERIES GROUP, INC. EMPLOYEE STOCK
OWNERSHIP PLAN
By: /s/ Melvin W. Locke, Jr.
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Melvin W. Locke, Jr.
