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OMB APPROVAL
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- ------ OMB Number: 3235-0362
FORM 5 Expires: April 30, 1997
- ------ Estimated average burden
hours per response .... 1.0
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/ / Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b) Exchange Act of 1934,
/ / Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/X/ Form 4 the Investment Company Act
Transactions of 1940
Reported
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Swamp Hall Properties, L.P. Florida East Coast Industries FLA Issuer (Check all applicable)
- --------------------------------------------------------------------------------------------- Director X 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Number of Reporting Month/Year Officer (give Other (Specify
1650 Prudential Drive, Suite 300 Person (Voluntary) 12/1999 ---- title --- below)
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(Street) 51-0385980 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Line)
(Month/Year) Form filed by one
---- Reporting Person
X Form filed by more than one
---- Reporting Person
Jacksonville, FL 32207
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(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Issuer's Direct Benefi-
(Month/ Fiscal Year (D) or cial
Day/ ---------------------------- (Instr. 3 and 4) Indirect Owner-
Year) Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 9/30/1999 J 21,412,348 D N/A 21,412,348 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 2270 (3/91)
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<TABLE>
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FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
--------------- Exer- tion Title Number of
(A) (D) cisable Date Shares
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N/A
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative of Derivative Indirect
(Instr. 3) Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (l) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)
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Explanation of Responses: * * * See Attachment
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Swamp Hall Properties, L.P.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note. File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. SEC 2270 (3/91)
By: John F. Porter, III
Title: President of the Rockland Company
Managing General Partner of
Swamp Hall
(Duly Authorized Representative)
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Attachment to Form 5 filed by Swamp Hall Propertied, L.P. Reporting
Beneficial Ownership of Common Stock of Florida East Coast Industries
Dated February 9, 2000
Explanation of Response: Pursuant to Instruction 4(b)(v), Swamp Hall Properties,
L.P. (the "Partnership") is the Reporting Person. The Alfred I. duPont
Testamentary Trust (the "Trust") is the sole limited partner of the Partnership
and owns all of the outstanding stock in the corporate general partner of the
Partnership. The Trust contributed the shares of common stock of The St. Joe
Company (the "Parent") together with certain other assets, in exchange for the
entire limited partnership interest in the Partnership. The Trustees of the
Trust also constitute all of the directors of the Nemours Foundation (the
"Foundation"), which also directly and beneficially owns shares of common stock
of the Parent and Florida East Coast Industries (the "Issuer"). The beneficial
ownership of the common stock of the Parent and the Issuer by the Trust, the
Trustees and the Foundation was reported on respective Forms 4 previously filed
with the Commission on March 10, 1998. 19,609,216 shares of the Common Stock of
the Issuer reported as being beneficially owned by the Partnership are directly
owned by the Parent. The Partnership was deemed the beneficial owner of such
shares of the Issuer by virtue of the fact that the Partnership directly owned
49,643,292 shares, representing 55.18%(1) of the outstanding common stock of
the Parent. The Partnership declares that by filing this Form 5, the Partnership
is not admitting beneficial ownership of any shares of the common stock of the
Issuer directly owned by the Parent and disclaims the existence of, and its
membership in, any "group" that includes the Parent as a member.
As of September 30, 1999, the Partnership, as part of a liquidating
distribution, distributed to the Trust 49,643,292 shares of the common stock of
the Parent, representing 58.15%(2) of the common stock of the Parent. As a
result of this transaction, the Trust directly and beneficially owns 49,643,492
shares of common stock of the Parent. 19,609,216 shares, representing 53.89%(3)
of the Common Stock of the Issuer, is owned by the Parent. As a result of this
transaction, the Trust and the Trustees may be deemed to be each the beneficial
owner of 19,609,216 shares of Common Stock of the Issuer. As of such date, the
Foundation directly and beneficially owned 1,800,896 shares of the Common Stock
of the Issuer, which represents 4.95%(3) of the outstanding Common Stock of the
Issuer. The Trustees, by virtue their status as trustees of the Trust and as
directors of the Foundation, may be deemed to have indirect beneficial
ownership of the shares of Common Stock owned by the Foundation and the Parent.
In addition, as of such date, W.T. Thornton, a Trustee, directly and
beneficially owned 2,236 shares of Common Stock of the Issuer. Neither the
Partnership, the Trust, the Trustees nor the Foundation has effected any other
transaction in neither the Parent's common stock nor the Issuer's Common Stock
within the past 60 days.
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(1) This percentage is based on the number of shares issued and outstanding on
September 30, 1998 as reported in the Parent's Quarterly Report on Form 10-Q
dated November 12, 1998, the Parent's last public announcement as to the number
of its shares of outstanding common stock. The Parent also reported in the same
l0-Q that the Parent's Board of Directors had authorized $150 million for the
repurchase of the Parent's outstanding common stock from time to time on the
open market. If the number of shares of outstanding common stock of the Parent
has been reduced by such repurchases after September 30, 1998 there would be an
increase in the percentage of the Parent's common stock which would be
represented by the shares reported herein.
(2) This percentage is based on the number of shares of the Parent outstanding
on January 31, 2000 based on a press release of the Parent dated
February 9, 2000.
(3) This percentage is based on the number of shares issued and outstanding of
the Issuer on December 31, 1999 reported in a press release of the Issuer dated
February 8, 2000, with public statements.
FORM 5 PAGE 3 OF 7
SWAMP HALL PROPERTIES, L.P.
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NAMES/ADDRESSES OF GROUP FILERS
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<S> <C>
Swamp Hall Properties, L.P. John F. Porter
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
Winfred L. Thornton Herbert H. Peyton
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
Jacob C. Belin Alfred I. duPont Testamentary Trust
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
William T. Thompson III The Nemours Foundation
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
Hugh M. Durden
1650 Prudential Drive, Suite 300
Jacksonville, FL 32207
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FORM 5 PAGE 4 OF 7
SWAMP HALL PROPERTIES, L.P.
<PAGE> 5
SIGNATURES
Swamp Hall Properties, L.P.
By: /s/ John F. Porter, III
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John F. Porter, III, President
The Rockland Company,
managing general partner of
Swamp Hall Properties, L.P.
(Duly Authorized Representative)
2/11/00
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(Date)
/s/ W. L. Thornton
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(Signature)
Winfred L. Thornton
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(Name)
2/11/00
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(Date)
/s/ Jacob C. Belin
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(Signature)
Jacob C. Belin
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(Name)
2/14/00
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(Date)
/s/ William T. Thompson
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(Signature)
William T. Thompson
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(Name)
FORM 5 PAGE 5 OF 7
SWAMP HALL PROPERTIES, L.P.
<PAGE> 6
2/14/00
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(Date)
/s/ Hugh M. Durden
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(Signature)
Hugh M. Durden
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(Name)
2/11/00
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(Date)
/s/ John F. Porter, III
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(Signature)
John F. Porter III
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(Name)
2/14/00
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(Date)
/s/ Herbert H. Peyton
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(Signature)
Herbert H. Peyton
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(Name)
2/11/00
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(Date)
Alfred I. DuPont Testamentary Trust
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(Name of Trust)
/s/ W. L. Thornton
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(Signature)
Winfred L. Thornton
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(Name)
Chairman
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(Title)
FORM 5 PAGE 6 OF 7
SWAMP HALL PROPERTIES, L.P.
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2/11/00
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(Date)
The Nemours Foundation
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(Name of Foundation)
/s/ Jacob C. Belin
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(Signature)
Jacob C. Belin
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(Name)
Chairman
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(Title)
FORM 5 PAGE 7 OF 7
SWAMP HALL PROPERTIES, L.P.
