SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Rockefeller Center Properties, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
773102108
(Cusip Number)
David C. Haley
HBK Investments L.P.
777 Main Street, Suite 2750
Fort Worth, Texas 76102
(817) 870-6100
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 29, 1996
(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 [X].
*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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1. Name of Reporting Person:
HBK Investments L.P.
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: WC and OO (See Item 3) (1)
5. Check box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e):
/ /
6. Citizenship or Place of Organization: Delaware
7. Sole Voting Power: 567,500 (1) (2)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 567,500 (1) (2)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
567,500 (1)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 1.5%
14. Type of Reporting Person: PN
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(1) The shares were purchased by HBK Securities Ltd. HBK Investments
L.P. has sole voting and dispositive power over these shares
pursuant to an Investment Management Agreement with HBK Securities
Ltd. Accordingly, HBK Securities Ltd. has no beneficial ownership
of such shares.
(2) Power is exercised by its general partner, HBK Partners II L.P.,
whose general partner is HBK Management L.L.C. <PAGE>
<PAGE>
1. Name of Reporting Person:
HBK Main Street Investments L.P.
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: WC and OO (See Item 3)
5. Check box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e):
/ /
6. Citizenship or Place of Organization: Delaware
7. Sole Voting Power: 1,367,700 (1)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 1,367,700 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,367,700
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 3.6%
14. Type of Reporting Person: PN
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(1) Power is exercised by its general partner, HBK Fund L.P., whose
general partner is HBK Capital L.P., whose general partner is HBK
Partners I L.P., whose general partner is HBK Management L.L.C.<PAGE>
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ITEM 1. SECURITY AND ISSUER.
This statement relates to the shares of Common Stock, par value
$0.01 per share (the "Common Stock"), of Rockefeller Center Properties, Inc.
(the "Issuer"). The principal executive offices of the Issuer are located at
1270 Avenue of the Americas, New York, New York 10020.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Pursuant to Rules 13d-1(f)(1)-(2) of Regulation 13D-G of the
General Rules and Regulations under the Securities Exchange Act of 1934, as
amended (the "Act"), this Schedule 13D Statement is hereby filed by HBK
Investments L.P., a Delaware limited partnership ("Investments") and HBK Main
Street Investments L.P., a Delaware limited partnership ("Main Street")
(collectively, the "Reporting Persons"). The Reporting Persons are making
this single, joint filing because they may be deemed to constitute a "group"
within the meaning of Section 13(d)(3) of the Act, although neither the fact
of this filing nor anything contained herein shall be deemed an admission by
the Reporting Persons that a group exists. Additionally, pursuant to
Instruction C to Schedule 13D, information is included herein with respect to
the following persons (collectively, the "Controlling Persons"): HBK Partners
II L.P., a Delaware limited partnership ("Partners II"), HBK Fund L.P., a
Delaware limited partnership ("Fund"), HBK Capital L.P., a Delaware limited
partnership ("Capital"), HBK Partners I L.P., a Delaware limited partnership
("Partners I"), HBK Management L.L.C., a Delaware limited liability company
("Management") and each of the following individuals who may control
Management (collectively, the "Managers"): Harlan B. Korenvaes, Kenneth M.
Hirsh, Laurence H. Lebowitz, William E. Rose, and Richard L. Booth, Jr. The
Reporting Persons and the Controlling Persons are sometimes hereinafter
collectively referred to as the "Item 2 Persons."
(b)-(c)
Reporting Persons
Investments is a Delaware limited partnership, the principal
business of which is acting as an investment manager of an investment fund and
the manager of a second investment fund. The principal address of
Investments, which also serves as its principal office, is 777 Main Street,
Suite 2750, Fort Worth, Texas 76102.
Main Street is a Delaware limited partnership, the principal
business of which is the purchase, sale, exchange, acquisition and holding of
investment securities. The principal address of Main Street, which also
serves as its principal office, is 777 Main Street, Suite 2750, Fort Worth,
Texas 76102.
Controlling Persons
Pursuant to Instruction C to Schedule 13D of the Act, information
with respect to the Controlling Persons is set forth below. The principal
address of each Controlling Person, which also serves as its principal office,
is 777 Main Street, Suite 2750, Fort Worth, Texas 76102.
Partners II is a Delaware limited partnership, the principal
business of which is serving as the general partner of Investments.
Management is a Delaware limited liability company, the principal
business of which is serving as the general partner of Partners II and
Partners I.
Fund is a Delaware limited partnership, the principal business of
which is serving as the general partner of Main Street and two other limited
partnerships.
Capital is a Delaware limited partnership, the principal business of
which is serving as the general partner of Fund.
Partners I is a Delaware limited partnership, the principal business
of which is serving as the general partner of Capital.
Managers
The principal occupation of each of the Managers is serving as an
officer of Investments. The business address of each of the Managers is 777
Main Street, Suite 2750, Fort Worth, Texas 76102.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of the funds used or to be used by each of the
Reporting Persons to purchase the shares of Common Stock are set forth below.
REPORTING PERSON SOURCE OF FUNDS AMOUNT OF FUNDS
Investments Working Capital
and Other (1)(2) $ 4,448,282
Main Street Working Capital
and Other (1) $10,771,671.80
(1) As used herein the term "Working Capital" includes income from
the business operations of the entity plus sums borrowed from, among other
sources, banks and brokerage firm margin accounts, to operate such business in
general. A portion of the funds reported herein was obtained from Bear,
Stearns & Co. Inc. as margin loans to acquire the shares of Common Stock, and
the remainder was obtained from Working Capital.
(2) The shares of Common Stock were purchased by HBK Securities
Ltd., which has no beneficial ownership of such shares of Common Stock.
ITEM 4. PURPOSE OF TRANSACTION.
The Item 2 Persons acquired the shares of Common Stock in the
ordinary course of business for investment purposes. None of the Item 2
Persons has any plans or proposals which relate to or would result in any of
the actions or transactions specified in clauses (a) through (j) of Item 4 of
Schedule 13D under the Act. Each of the Item 2 Persons reserves the right to
acquire or dispose of Common Stock, or to formulate other purposes, plans or
proposals regarding the Issuer or the Common Stock held by each such Item 2
Person to the extent deemed advisable in light of general investment policies,
market conditions and other factors.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)
Reporting Persons
Pursuant to an Investment Management Agreement, the aggregate number
of shares of the Common Stock that Investments owns beneficially, pursuant to
Rule 13d-3 of the Act, is 567,500, which constitutes approximately 1.5% of the
outstanding shares of Common Stock.
The aggregate number of shares of the Common Stock that Main Street
owns beneficially, pursuant to Rule 13d-3 of the Act, is 1,367,700, which
constitutes approximately 3.6% of the outstanding shares of Common Stock.
Controlling Persons
Because of its position as the sole general partner of Investments,
Partners II may, pursuant to Rule 13d-3 of the Act, be deemed to be the
beneficial owner of 567,500 shares of Common Stock, which constitutes
approximately 1.5% of the outstanding shares of Common Stock.
Each of (1) Fund, as sole general partner of Main Street, (2)
Capital, as sole general partner of Fund, and (3) Partners I, as sole general
partner of Capital, may, pursuant to Rule 13d-3 of the Act, be deemed to be
the beneficial owner of 1,367,700 shares of the Common Stock, which
constitutes approximately 3.6% of the outstanding shares of Common Stock.
Each of (1) Management, as sole general partner of Partners I and
Partners II, and (2) the Managers, as controlling persons of Management, may,
pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of an
aggregate of 1,935,200 shares of the Common Stock, which constitutes
approximately 5.1% of the outstanding shares of Common Stock.
To the best of the knowledge of each of the Reporting Persons, other
than as set forth above, none of the persons named in Item 2 herein is the
beneficial owner of any shares of Common Stock.
(b)
Reporting Persons
Pursuant to an Investment Management Agreement, and acting through
its general partner, Partners II, Investments has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 567,500 shares
of the Common Stock.
Acting through its general partner, Fund, Main Street has the sole
power to vote or to direct the vote and to dispose or to direct the
disposition of 1,367,700 shares of the Common Stock.
Controlling Persons
Acting through its general partner, Management, and in its capacity
as the general partner of Investments, Partners II has the sole power to vote
or to direct the vote and to dispose or to direct the disposition of 567,500
shares of the Common Stock.
Acting through its general partner, Capital, and in its capacity as
the general partner of Main Street, Fund has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 1,367,700
shares of the Common Stock.
Acting through its general partner, Partners I, and in its capacity
as the general partner of Fund, Capital has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 1,367,700
shares of the Common Stock.
Acting through its general partner, Management, and in its capacity
as the general partner of Capital, Partners I has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 1,367,700
shares of the Common Stock.
In its capacity as the general partner of Partners I, Management has
the sole power to vote or to direct the vote and to dispose or to direct the
disposition of 1,367,700 shares of the Common Stock. In its capacity as the
general partner of Partners II, Management has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 567,500 shares
of the Common Stock.
Managers
In his capacity as a controlling person of Management, each of the
Managers has the shared power to vote or to direct the vote and to dispose or
to direct the disposition of 1,935,200 shares of the Common Stock.
(c)
In the previous 60 days, the Reporting Persons have purchased and
sold shares of Common Stock in open market transactions on the New York,
Boston, Chicago, Pacific or Philadelphia Stock Exchanges, as follows:
NUMBER OF SHARES
PURCHASED (P) PRICE PER
ITEM 2 PERSON DATE OR SOLD (S) SHARE
Investments (1) 04/30/96 100,000 (P) $ 7.88
Main Street 04/30/96 196,200 (P) 7.88
Investments (1) 05/02/96 250,000 (P) 7.75
Main Street 05/15/96 1,328,000 (P) 7.88
Main Street 05/15/96 297,000 (S) 7.88
Investments (1) 05/23/96 5,000 (P) 7.88
Main Street 05/23/96 20,000 (P) 7.88
Investments (1) 05/28/96 400 (P) 7.88
Main Street 05/28/96 1,600 (P) 7.88
Main Street 05/29/96 76,100 (P) 7.88
Main Street 05/30/96 11,700 (P) 7.88
(1) The shares of Common Stock were purchased by HBK Securities Ltd., which
has no beneficial ownership of such shares pursuant to an Investment
Management Agreement with Investments.
(d)
Not applicable.
(e)
Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Except as set forth herein or in the Exhibits filed herewith, there
are no contracts, arrangements, understandings or relationships with respect
to shares of the Common Stock owned by the Item 2 Persons.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 99.1 -- Agreement pursuant to Rule 13d-1(f)(1)(iii), filed
herewith.<PAGE>
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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: June 7, 1996
HBK INVESTMENTS L.P.
By: /s/ H. Michael Reese
H. Michael Reese (1)
HBK MAIN STREET INVESTMENTS L.P.
By: /s/ H. Michael Reese
H. Michael Reese (2)
(1) An Authorization Certificate authorizing H. Michael Reese to act on
behalf of HBK Investments L.P. previously has been filed with the
Securities and Exchange Commission.
(2) An Authorization Certificate authorizing H. Michael Reese to act on
behalf of HBK Main Street Investments L.P. previously has been filed
with the Securities and Exchange Commission.
Exhibit 99.1
Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the General
Rules and Regulations of the Securities and Exchange Commission under the
Securities Exchange Act of 1934, as amended, the undersigned agrees that the
statement to which this Exhibit is attached is filed on behalf of each of them
in the capacities set forth below.
HBK INVESTMENTS L.P.
By: /s/ H. Michael Reese
H. Michael Reese (1)
HBK MAIN STREET INVESTMENTS L.P.
By: /s/ H. Michael Reese
H. Michael Reese (2)
(1) An Authorization Certificate authorizing H. Michael Reese to act on
behalf of HBK Investments L.P. previously has been filed with the
Securities and Exchange Commission.
(2) An Authorization Certificate authorizing H. Michael Reese to act on
behalf of HBK Main Street Investments L.P. previously has been filed
with the Securities and Exchange Commission.
