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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
MERIDIAN INDUSTRIAL TRUST, INC.
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
589643105
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(CUSIP Number)
Ellen Kendall, Esq. Bernard Peterson, Esq.
c/o Prudential Real Estate Investors c/o Prudential Real Estate Investors
8 Campus Drive 8 Campus Drive
Parsippany, New Jersey 07054 Parsippany, New Jersey 07054
(973) 683-1696 (973) 734-1478
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 9, 1999
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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 / /.
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.
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* 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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CUSIP No. 589643105
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(1) NAME OF REPORTING PERSON
The Prudential Insurance Company of America
I.R.S. NUMBER OF REPORTING PERSON
(Intentionally Omitted)
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /X/
(b) / /
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
WC and OO
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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NUMBER OF (7) SOLE VOTING POWER
SHARES BENEFICIALLY 8,051,238 Shares
OWNED BY EACH (8) SHARED VOTING POWER
REPORTING PERSON 506,894 Shares
(9) SOLE DISPOSITIVE POWER
7,109,450 Shares
(10) SHARED DISPOSITIVE POWER
-0- Shares
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,558,132 Shares **
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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)
27.01 %
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(14) TYPE OF REPORTING PERSON
IC, CO, IA
**This Schedule 13D amendment is being filed pursuant to Rule 13d-2(a) under the
Securities Exchange Act of 1934 to report a decrease in the percentage of the
Company's common shares beneficially owned by the reporting persons as a result
of the disposition of such shares in an aggregate amount equal to 1% or more of
the class of securities.
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CUSIP No. 589643105
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(1) NAME OF REPORTING PERSON
Strategic Performance Fund-II, Inc.
I.R.S. NUMBER OF REPORTING PERSON
(Intentionally Omitted)
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /X/
(b) / /
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
WC
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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NUMBER OF (7) SOLE VOTING POWER
SHARES BENEFICIALLY -0- Shares
OWNED BY EACH (8) SHARED VOTING POWER
REPORTING PERSON -0- Shares
(9) SOLE DISPOSITIVE POWER
941,788 Shares
(10) SHARED DISPOSITIVE POWER
-0- Shares
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
941,788 Shares
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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)
2.97 %
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(14) TYPE OF REPORTING PERSON
CO
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CUSIP No. 589643105
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(1) NAME OF REPORTING PERSON
The Prudential Variable Contract Real Property Partnership
I.R.S. NUMBER OF REPORTING PERSON
(Intentionally Omitted)
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /X/
(b) / /
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
WC
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(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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NUMBER OF (7) SOLE VOTING POWER
SHARES BENEFICIALLY -0- Shares
OWNED BY EACH (8) SHARED VOTING POWER
REPORTING PERSON 506,894 Shares
(9) SOLE DISPOSITIVE POWER
506,894 Shares
(10) SHARED DISPOSITIVE POWER
-0- Shares
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
506,894 Shares
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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)
1.60 %
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(14) TYPE OF REPORTING PERSON
PN
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ITEM 1. SECURITY AND THE ISSUER
See Schedule 13D filed by The Prudential Insurance Company of
America, on October 3, 1997.
ITEM 2. IDENTIFY AND BACKGROUND
See Schedule 13D filed by The Prudential Insurance Company of
America, on October 3, 1997.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
See Schedule 13D filed by The Prudential Insurance Company of
America, on October 3, 1997.
ITEM 4. PURPOSE OF TRANSACTION
See Schedule 13D filed by The Prudential Insurance Company of
America, on October 3, 1997.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Prudential beneficially owns 8,558,132 Shares, or approximately
27.01 % of the 31,689,000 Shares (excluding the 2,272,727 shares of Series B
Convertible Preferred Stock of the Company that are convertible into Shares)
issued and outstanding as of March 9, 1998 (after giving effect to the issuance
of 8,203,444 Shares to Prudential, SPF-II and Prudential Variable Contract
Partnership on September 24, 1997 and 808,888 Shares to the Chevron Separate
Account on August 29, 1997).
Of such 8,558,132 Shares, Prudential directly beneficially owns
3,801,703 Shares for its general account and 3,307,747 Shares on behalf of the
Separate Accounts (i.e., 675,288 on behalf of the Chevron Separate Account,
1,106,931 on behalf of the SPF-I Separate Account and 1,525,528 on behalf of the
Western Conference of Teamsters Separate Account). In addition, Prudential may
be deemed to beneficially own 941,788 Shares held directly by SPF-II by virtue
of Prudential's right to direct the votes of such Shares in accordance with the
terms of the SPF-II Management Agreement, and Prudential may be deemed to
beneficially own 506,894 Shares held directly by Prudential Variable Contract
Partnership by virtue of Prudential's right to direct the votes of such Shares
in accordance with the terms of the Prudential Variable Contract Partnership
Management Agreement.
SPF-II directly beneficially owns 941,788 Shares or approximately
2.97% of the 31,689,000 Shares issued and outstanding as of March 9, 1999
(after giving effect to the issuance of 8,203,444 Shares to Prudential,
SPF-II and Prudential Variable Contract Partnership on September 24, 1997 and
808,888 Shares to the Chevron Separate Account on August 29, 1997), and
Prudential Variable Contract Partnership directly beneficially owns 506,894
Shares or approximately 1.60 % of the 31,689,000 Shares issued and
outstanding as of March 9, 1999 (after giving effect to the issuance of
8,203,444 Shares to Prudential, SPF-II and Prudential Variable Contract
Partnership on September 24, 1997 and 808,888 Shares to the Chevron Separate
Account on August 29, 1997).
(b) Prudential has the sole power to vote or direct the vote and the
sole power to dispose or direct the disposition of the 3,801,703 Shares directly
and beneficially owned by it on behalf of its general account and the 3,307,747
Shares directly and beneficially owned by it on behalf of the Separate Accounts.
Prudential has the sole power to direct the vote with respect to the 941,788
Shares held directly by SPF-II pursuant to the SPF-II Management Agreement.
Prudential also has the power to direct the vote
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with respect to the 506,894 Shares held directly by Prudential Variable Contract
Partnership pursuant to the Prudential Variable Contract Partnership Management
Agreement.
SPF-II has the sole power to direct the disposition of the 941,788
Shares held by SPF-II. Prudential Variable Contract Partnership has the sole
power to direct the dispositions of the 506,894 Shares held by it and the power
to direct the vote (along with Prudential pursuant to the Prudential Variable
Contract Partnership Management Agreement) of the 506,894 Shares held by
Prudential Variable Contract Partnership.
(c) In the past sixty days, Prudential, on behalf of the Separate
Accounts, engaged in the following transactions in common shares of the Company:
1/22/99 sold 9,600 shares @ $23.875 per share
2/22/99 sold 50,000 shares @ $23.733 per share
2/23/99 sold 150,000 shares @ $24.083 per share
2/24/99 sold 72,800 shares @ $24.136 per share
2/25/99 sold 20,400 shares @ $23.924 per share
2/26/99 sold 11,600 shares @ $23.875 per share
2/26/99 sold 10,300 shares @ $23.938 per share
2/26/99 sold 7,500 shares @ $24.000 per share
3/1/99 sold 9,200 shares @ $24.013 per share
3/2/99 sold 2,400 shares @ $24.000 per share
3/2/99 sold 25,000 shares @ $23.500 per share
3/3/99 sold 9,400 shares @ $23.500 per share
3/4/99 sold 4,000 shares @ $23.500 per share
In the past sixty days, SPF-II engaged in the following transactions
in common shares of the Company:
2/25/99 sold 29,500 shares @ $23.924 per share
2/26/99 sold 16,000 shares @ $23.875 per share
2/26/99 sold 4,600 shares @ $24.000 per share
2/26/99 sold 15,000 shares @ $23.938 per share
3/1/99 sold 5,400 shares @ $24.013 per share
3/2/99 sold 1,500 shares @ $24.000 per share
All of the transactions listed above were effected in the open market,
on the New York Stock Exchange, during the ordinary course of business.
(d) Not applicable
(e) Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF ISSUER
See Schedule 13D filed by The Prudential Insurance Company of America,
on October 3, 1997.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
Not applicable.
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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.
March 29, 1999
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
By: /s/ Ellen McGlynn Koke
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Name: Ellen McGlynn Koke
Title: Second Vice President
STRATEGIC PERFORMANCE FUND-II, INC.
By: /s/ Joel W. Stoesser
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Name: Joel W. Stoesser
Title: President
THE PRUDENTIAL VARIABLE CONTRACT REAL PROPERTY PARTNERSHIP
By: THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, its general partner
By: /s/ Roger S. Pratt
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Name: Roger S. Pratt
Title: Vice President
