<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 20)
Morgan Stanley Group Inc.
-------------------------
(Name of Issuer)
Common Stock, $1.00 par value
-----------------------------
(Title of Class of Securities)
617446 10 9
--------------
(CUSIP Number)
Jonathan M. Clark, Esq.
General Counsel and Secretary
Morgan Stanley Group Inc.
1251 Avenue of the Americas
New York, NY 10020
(212) 703-4000
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 25, 1994
-------------------------------------------------------
(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 this statement: [_]
<PAGE>
SCHEDULE 13D
CUSIP No. 617446109
-----------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON
Richard B. Fisher
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
less than 1%
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 29,563,085
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
3-4%
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
29,563,973
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 617446109
-----------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON
John J. Mack
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
less than 1%
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 29,563,085
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
1-2%
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
29,563,973
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 617446109
-----------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON
Barton M. Biggs
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
less than 1%
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 29,563,085
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
1-2%
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
29,563,973
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 617446109
-----------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON
Each of the persons described on Appendix A.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
(Applies to each person listed on Appendix A)
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO (Applies to each person listed on Appendix A)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
5 (Applies to each person listed on Appendix A) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
As stated on Appendix A
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
less than 1% (Applies to each person listed
on Appendix A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 29,563,085 (Applies to each person listed
on Appendix A)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
Less than 1% (Applies to each person
listed on Appendix A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
As stated on Appendix A.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
(Applies to each person listed on Appendix A) [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
As stated on Appendix A.
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
IN (Applies to each person listed on Appendix A)
- ------------------------------------------------------------------------------
<PAGE>
THE FOLLOWING APPLY TO EACH PERSON LISTED ON APPENDIX A:
LINE 2: Box "A" applies
LINE 4: 00
LINE 5: Box is not applicable.
LINE 7: Less than 1%
LINE 8: 29,563,085
LINE 9: Less than 1%
LINE 10: Not applicable
LINE 12: Box is not applicable.
LINE 14: IN
<PAGE>
<TABLE>
<CAPTION>
LINE 1 LINE 6 LINE 11 LINE 13
Aggregate Percent of Class
Amount Represented By
NAME Citizenship Beneficially Held Amount in Line 11
- ------------------------------------ ------------ ----------------- -----------------
<S> <C> <C> <C>
AARON, DEBRA M. USA 29,563,508 35.2%
ABBEY, SCOTT G. USA 29,563,809 35.2%
ABDEL-MEGUID, TAREK F. USA 29,563,602 35.2%
ABE, MITSUHIRO Japan 29,563,085 35.2%
ABOURACHED, CHARBEL E. USA 29,563,406 35.2%
ABRAMOVITZ, DEBRA USA 29,563,422 35.2%
ACKERMAN III, WARREN USA 29,563,085 35.2%
ADAIR, BARRY L. USA 29,563,428 35.2%
ADAMS, JOHN C. USA 29,563,395 35.2%
ADAMS, NICHOLAS UK 29,563,085 35.2%
ALBERS, ALEXANDRIA USA 29,563,470 35.2%
ALKIRE, JOHN R. USA 29,563,271 35.2%
ALLEN, PETER G. USA 29,563,735 35.2%
ALLEY, STEVEN J. USA 29,563,394 35.2%
ALLWIN, JAMES M. USA 29,563,901 35.2%
ALMERINI, LOUIS A. USA 29,563,444 35.2%
AMATO, DANIELLE D. USA 29,563,495 35.2%
ANDA, JON A. USA 29,563,488 35.2%
ANDERSON, R. JAMIE Canada 29,563,085 35.2%
ANDRYC, PHILIP J. USA 29,563,746 35.2%
ANFANG, RICHARD L. USA 29,563,399 35.2%
ANGEVINE, ROBERT E. USA 29,563,549 35.2%
ANTONACCI, CARMINE USA 29,566,449 35.3%
ARMITAGE, MICHAEL R. UK 29,563,085 35.2%
ARMSTRONG, JOHN G. UK 29,567,743 35.3%
ARMSTRONG, R. MICHAEL USA 29,563,338 35.2%
ATKINSON, RICHARD N. UK 29,563,085 35.2%
ATKINS, CHARLES N. USA 29,563,273 35.2%
ATWELL, R. WAYNE USA 29,563,271 35.2%
AYERS, JONATHAN W. USA 29,563,427 35.2%
BAIRD, STEPHEN W. USA 29,563,976 35.2%
BAKER, DAVID M. USA 29,563,301 35.2%
BALSBAUGH, R. DUNCAN USA 29,563,442 35.2%
BANDEEN, BONNIE MIAO USA 29,565,377 35.3%
BANDEEN, ROBERT D. Canada 29,563,382 35.2%
BARANCIK, GARY S. USA 29,563,085 35.2%
BARBER, RICHARD T. USA 29,564,087 35.2%
BARBER, THOMAS K. Canada 29,563,085 35.2%
BARDEN, ROBERT A. USA 29,563,406 35.2%
BARDWELL, TIMOTHY J. UK 29,563,085 35.2%
BARTH-WEHRENALP, GERALD P. USA 29,563,436 35.2%
BARTOLOTTA, FRANK J. USA 29,563,500 35.2%
BASES, EDWARD H. USA 29,563,329 35.2%
BAYER, JEROME W. USA 29,563,484 35.2%
BEALE, CHRISTOPHER W. Australia 29,563,085 35.2%
BECHTEL, KAREN H. USA 29,563,852 35.2%
BEDELL, JAMES M. USA 29,563,253 35.2%
BELL, JAMES J. USA 29,563,289 35.2%
BENARDETE, STEVEN M. USA 29,565,051 35.3%
BENJAMIN JR, S. NICOLL USA 29,563,544 35.2%
BERCHTOLD, MICHAEL J. USA 29,563,374 35.2%
BERGMAN, BARRY USA 29,563,387 35.2%
BERGMAN, JEROME USA 29,563,423 35.2%
BERG, JENNIFER H. USA 29,563,339 35.2%
BERNER III, ROBERT L. USA 29,563,395 35.2%
BIANCO, FRANK USA 29,563,452 35.2%
BILLINGS, MARK B. USA 29,563,362 35.2%
BILOTTI JR, RICHARD A. USA 29,563,085 35.2%
BILSBY, KEVIN A. UK 29,563,085 35.2%
BIRDSALL, JOHN S. USA 29,563,418 35.2%
BLACK MACKINNON, SUSAN L. USA 29,563,414 35.2%
BLAIN, PAUL F. UK 29,567,043 35.3%
BLAIR, DAVID H. USA 29,563,717 35.2%
BLAIS, WILLIAM L. USA 29,563,723 35.2%
BLUMSTEIN, MICHAEL W. USA 29,563,208 35.2%
BODSON, MICHAEL C. USA 29,563,440 35.2%
BOHL, THERESA J. USA 29,563,412 35.2%
BOK, SCOTT L. USA 29,563,415 35.2%
BONOFF, AMY L. USA 29,563,729 35.2%
BOOKSTABER, RICHARD M. USA 29,563,470 35.2%
BOPP, WALTER S. USA 29,563,759 35.2%
BOROSH, DAVID A. USA 29,563,138 35.2%
BOSCO, ANTHONY B. USA 29,563,409 35.2%
BOUTROS, GEORGE Lebanon 29,563,395 35.2%
BOVICH, FRANCINE J. USA 29,563,085 35.2%
BRADEN, WYTHE E. USA 29,563,527 35.2%
BRADFORD, LESLIE EMBS USA 29,563,909 35.2%
BRAKEBILL, SCOTT R. USA 29,563,488 35.2%
BRENNAN, DONALD P. USA 29,563,973 35.2%
BRESLOW, STUART J.M. USA 29,563,461 35.2%
BRIERWOOD, DAVID C. UK 29,567,590 35.3%
BRILLE, BRIAN J. USA 29,563,374 35.2%
BROCK, WILLIAM G. Canada 29,575,452 35.3%
BROLLEY, KEVIN USA 29,563,085 35.2%
BROOKE, PAUL A. USA 29,563,717 35.2%
BROWNE, KEVIN J. USA 29,563,453 35.2%
BROWN, DOUGLAS L. USA 29,563,085 35.2%
BROWN, JEFFRY P. USA 29,563,440 35.2%
BROWN, KEITH UK 29,584,339 35.3%
BRUNDLER, ADOLF Switzerland 29,563,085 35.2%
BRYANT, MALCOLM P. UK 29,563,085 35.2%
BRYCE, COLIN UK 29,567,206 35.3%
BUBB, NICHOLAS UK 29,566,619 35.3%
BUCK, LEE M. USA 29,566,913 35.3%
BUECHTER, MARKUS Germany 29,563,085 35.2%
BUNCHE JR, RALPH J. USA 29,563,433 35.2%
BURKE, LAUREN M. USA 29,563,085 35.2%
BURNS, DENNIS J. USA 29,563,759 35.2%
BUSCH, MAY C. USA 29,563,410 35.2%
BUTLER, MICHAEL J. USA 29,563,304 35.2%
BUTT, STEPHEN C. UK 29,589,027 35.3%
BYRD, CAREN USA 29,563,432 35.2%
BYRNES, FRANCIS J. USA 29,563,345 35.2%
CALDECOTT, P. DOMINIC UK 29,569,347 35.3%
CALLAHAN, DANIEL H. USA 29,563,085 35.2%
CANTWELL, JAMES G. USA 29,563,314 35.2%
CAPPUCCI, GUY T. USA 29,563,350 35.2%
CAPUTO, A. MACDONALD USA 29,563,901 35.2%
</TABLE>
<PAGE>
CAREY, JAMES P. USA 29,563,549 35.2%
CARLETON, BRUCE T. USA 29,569,246 35.3%
CARLIN, JANE D. USA 29,563,418 35.2%
CARLTON, PAMELA G. USA 29,563,440 35.2%
CARMICHAEL, TERENCE P. USA 29,563,461 35.2%
CARR JR, LOUIS J. USA 29,563,901 35.2%
CARRARA JR, MATTHEW A. USA 29,563,292 35.2%
CARROLL JR, JESSE L. USA 29,569,339 35.3%
CARROLL, DAVID C. USA 29,563,336 35.2%
CARRON, ELLEN F. USA 29,563,569 35.2%
CARUSO, CHRISTOPHER J. USA 29,563,446 35.2%
CASSEDY, MICHAEL J. USA 29,563,563 35.2%
CASSOU, BEATRICE M. USA 29,563,374 35.2%
CASTELLANO, RICHARD R. USA 29,563,471 35.2%
CHAMBERLAIN, STEPHEN P. UK 29,566,543 35.3%
CHAMMAH, WALID A. Lebanon 29,563,085 35.2%
CHAN, JOE M.F. Hong Kong 29,563,085 35.2%
CHENEVIX-TRENCH, JONATHAN UK 29,563,085 35.2%
CHENG, JAMES K.K. Malaysia 29,563,085 35.2%
CHESTER III, JOHN E. USA 29,563,447 35.2%
CHIARELLO, GUY USA 29,563,393 35.2%
CHIN, EAN WAH Malaysia 29,563,085 35.2%
CHURCHOUSE, FREDERICK P. New Zealand 29,563,085 35.2%
CHUTTER, JESSICA C. USA 29,563,395 35.2%
CITRINO, MARY ANNE USA 29,563,395 35.2%
CLARK, JONATHAN M. USA 29,563,085 35.2%
CLARK, MAYREE C. USA 29,563,717 35.2%
CLARK, WILLIAM THOMAS USA 29,565,031 35.3%
CLEMENTE LA BRUM, J. PAUL USA 29,564,098 35.2%
CLEPHANE, THOMAS P. USA 29,563,759 35.2%
CLIFFORD, KENNETH F. USA 29,563,416 35.2%
COBBY, NIGEL UK 29,565,427 35.3%
COHAN, TIMOTHY P. USA 29,563,403 35.2%
COHEN, BRUCE L. USA 29,563,403 35.2%
COHEN, DAVID L. USA 29,563,469 35.2%
COHEN, LAWRENCE H. USA 29,563,400 35.2%
COLBY-JONES, LISA R. USA 29,563,487 35.2%
COLEMAN JR, JOHN C. USA 29,566,412 35.3%
COLEY II, JAMES C. USA 29,563,398 35.2%
COLE, JAMES S. USA 29,563,421 35.2%
COMFORT, STEPHANIE G. USA 29,563,085 35.2%
CONNOR, MARY T. USA 29,563,368 35.2%
COOK, PETER T. USA 29,564,606 35.3%
COOPER, ALASTAIR W.P. UK 29,563,085 35.2%
COOPER, SCOTT H. Canada 29,563,395 35.2%
CORDNER, CARTER W. USA 29,563,443 35.2%
CORDY, STEPHEN C. USA 29,563,412 35.2%
CORRADO, CHRISTOPHER F. USA 29,563,409 35.2%
CORSI, STEFANO Italy 29,563,362 35.2%
CORY, CHARLES R. USA 29,563,500 35.2%
COUGHLAN, GERALD E. Canada 29,563,085 35.2%
COWAN, MICHAEL J.J. UK 29,568,619 35.3%
COWNIE, STEVEN R. USA 29,564,478 35.3%
COX, CHRISTOPHER UK 29,563,085 35.2%
COYNER, KEVIN B. USA 29,563,395 35.2%
CRANDALL, TERRANCE M. USA 29,563,493 35.2%
CREGAN, JOHN F. USA 29,563,563 35.2%
CRESHAM, EILEEN F. USA 29,563,939 35.2%
CRNKOVICH, PETER N. USA 29,564,065 35.2%
CROFT, ROBERT G.E. UK 29,563,085 35.2%
CROMPTON, JOHN D. UK 29,563,085 35.2%
CROWDER, GARRY B. USA 29,563,456 35.2%
CROWE, MICHAEL A. USA 29,563,554 35.2%
CRUZ, ZOE Greece 29,563,717 35.2%
CRYSTAL, BRUCE A. USA 29,563,456 35.2%
CUMMINS, NEIL A. USA 29,568,856 35.3%
CUNNINGHAM, MICHAEL JOHN UK 29,563,085 35.2%
CUNNINGHAM, PETER USA 29,563,374 35.2%
CURLEY, JOHN F. USA 29,563,961 35.2%
CURTIS, MICHAEL S. USA 29,563,374 35.2%
CURTIS, PAUL D. USA 29,563,359 35.2%
CZINSKY, MICHAEL J. USA 29,563,415 35.2%
DAL LAGO, FRANK C. USA 29,563,404 35.2%
D'ANGELO, PETER J. USA 29,563,595 35.2%
DANIEL, PAUL R. UK 29,571,315 35.3%
D'ANTONIO, STEPHEN H. USA 29,563,351 35.2%
DAVIDSON III, NORTON A. USA 29,571,212 35.3%
DAVIDSON, JOHN H. USA 29,563,830 35.2%
DAVIDSON III, JOHN P. USA 29,563,085 35.2%
DAVIS JR, JOSEPH F. USA 29,563,553 35.2%
DAVIS, BARRY USA 29,563,594 35.2%
<PAGE>
DAVIS, FLORENCE A. USA 29,563,480 35.2%
DAWSON, KENNETH E. UK 29,567,909 35.3%
DE CHAZAL, GUY L. USA 29,564,297 35.2%
DE COTIS, DEBORAH A. USA 29,563,746 35.2%
DE MONTFORT, PIERS UK 29,567,234 35.3%
DE REGT, KENNETH M. USA 29,563,852 35.2%
DE SAINT-AIGNAN, PATRICK USA 29,563,852 35.2%
DE WAZIERS, MARTIN France 29,563,443 35.2%
DEAN, GORDON G. USA 29,563,395 35.2%
DEAN, ANGELA H. UK 29,563,085 35.2%
DEE, MICHAEL E. USA 29,563,427 35.2%
DELECROIX, MICHEL UK 29,563,085 35.2%
DESALVO, MATTHEW S. USA 29,564,365 35.2%
DEYOUNG, ROBERT G. USA 29,564,144 35.2%
DHAR, MADHAV India 29,564,064 35.2%
DIDIER, NICHOLAS V. Luxembourg 29,563,352 35.2%
DIXON, ROBERT D. USA 29,563,289 35.2%
DOHA, NASEER Bangladesh 29,563,085 35.2%
DONOGHUE, MICHAEL J. USA 29,563,363 35.2%
DORAN JR, WILLIAM M. USA 29,563,717 35.2%
DORFMAN, JONATHAN L. USA 29,563,367 35.2%
DOSHI, MIHIR J. India 29,563,354 35.2%
DOYLE, GAVIN J. USA 29,567,530 35.3%
DUFF, PHILIP N. USA 29,563,471 35.2%
DUNETZ, ALAN A. USA 29,563,351 35.2%
DUNO, ALPHONSUS J. USA 29,563,412 35.2%
DYAL, GORDON E. USA 29,563,251 35.2%
EDWARDS, JEFFREY G. USA 29,563,255 35.2%
EGAN, GEORGE W. USA 29,563,444 35.2%
ELSWOOD, MARK H. UK 29,568,759 35.3%
ENDROM, ELIZABETH M. USA 29,563,423 35.2%
ENGLISH JR, FRANK E. USA 29,563,563 35.2%
ERENBERG, HARVEY B. USA 29,565,540 35.3%
ESAKI, HOWARD Y. USA 29,563,085 35.2%
ESPOSITO, JAMES S. USA 29,563,413 35.2%
ESSIG, KARL P. USA 29,565,038 35.3%
ESTES, SUSAN M. USA 29,563,444 35.2%
EVANS, R. BRADFORD USA 29,563,961 35.2%
EWELL, C. DANIEL USA 29,563,374 35.2%
FANG, KEVIN S. USA 29,563,337 35.2%
FAN, LINDA C. USA 29,563,415 35.2%
FANLO, IGNACIO J. USA 29,563,085 35.2%
FAWCETT, AMELIA C. USA 29,563,431 35.2%
FEIGELES, EDWARD M. USA 29,563,308 35.2%
FELDMAN, KIRSTEN J. Canada 29,563,659 35.2%
FELIX, RICHARD B. USA 29,563,918 35.2%
FELLOWS, BOYD W. USA 29,563,388 35.2%
FEUERMAN, KURT A. USA 29,563,411 35.2%
FIEDOREK, BRUCE D. USA 29,563,901 35.2%
FINNEGAN, DANIEL M. USA 29,563,289 35.2%
FINNICAN, PETER M. USA 29,563,391 35.2%
FISHER IV, GEORGE ROSS USA 29,564,317 35.2%
FLEISCHER, SPENCER C. USA 29,567,137 35.3%
FLOOD JR, EUGENE USA 29,563,473 35.2%
FLYNN, THOMAS J. USA 29,563,438 35.2%
FOLEY, JOSEPH G. USA 29,563,185 35.2%
FOSTER, CEDRIC G. USA 29,564,163 35.2%
FOX, NIGEL UK 29,563,085 35.2%
FRALICK, JAMES S. USA 29,565,293 35.3%
FRANCESCOTTI, MARIO UK 29,579,625 35.3%
FRANCOIS-PONCET, ANDRE France 29,563,085 35.2%
FREEMAN, IVAN K. USA 29,563,415 35.2%
FRIEDMAN, CATHERINE J. USA 29,563,395 35.2%
FRIEDMAN, PHILIP W. USA 29,563,333 35.2%
FRIED, PETER C. USA 29,563,389 35.2%
FRIEND, WARREN H. USA 29,563,366 35.2%
FROST, RONALD X. USA 29,563,452 35.2%
FUTAKI, AKIFUMI Japan 29,563,085 35.2%
GALBRAITH, EVAN G. USA 29,563,550 35.2%
GALGANO, V. JAMES USA 29,563,442 35.2%
GALLAGHER, PAUL J. USA 29,563,575 35.2%
GALPER, MIRON USA 29,563,435 35.2%
GARBER, VICTOR S. USA 29,563,527 35.2%
GARONZIK, NEAL USA 29,599,421 35.3%
GARTIN, CLINTON G. USA 29,563,559 35.2%
GARTLAND, ROBERT F. USA 29,563,852 35.2%
GAULT, BERNARD France 29,563,085 35.2%
GEORGE, PATRICK ROBERT France 29,563,085 35.2%
GEORGE, TIMOTHY M. USA 29,563,759 35.2%
GHAFFARI, PAUL B. USA 29,563,115 35.2%
GIOBBE, EDWARD N. USA 29,563,493 35.2%
<PAGE>
GIORGIO, MICHAEL C. USA 29,563,526 35.2%
GLAS, MICHEL T. France 29,563,085 35.2%
GOEHRKE, GARY T. USA 29,564,196 35.2%
GOLDBERG, ALAN E. USA 29,563,759 35.2%
GOLDBERG, CRAIG USA 29,563,147 35.2%
GOLDSMITH, RICHARD A. USA 29,563,373 35.2%
GOLDSTEIN, CAROL S. USA 29,563,361 35.2%
GOLDSTEIN, ROSS H. USA 29,563,412 35.2%
GORDON-BROWN, PAUL D. UK 29,563,085 35.2%
GORDON, MARC W. USA 29,563,481 35.2%
GORT, MICHAEL A. USA 29,563,370 35.2%
GOULD III, RICHARD G. USA 29,573,523 35.3%
GRAHAM, JAMES R. Ireland 29,563,085 35.2%
GRANT, DENNIS G. USA 29,563,387 35.2%
GRAY, STEPHEN E. UK 29,563,085 35.2%
GRAY, GORDON S. USA 29,563,852 35.2%
GREENSHIELDS, SIMON UK 29,563,502 35.2%
GREMONT, ARNAUD JEAN-MARIE France 29,563,085 35.2%
GRIFFIN, MARK W. Canada 29,563,408 35.2%
GRISHAM, JAMES WAYNE USA 29,563,435 35.2%
GROHSKOPF JR, ROBERT H. USA 29,563,367 35.2%
GRONQUIST, CATHERINE D. USA 29,563,438 35.2%
GROS, FRANCISCO R.A. Brazil 29,563,085 35.2%
GRZECZKA, KEITH L. USA 29,563,380 35.2%
GULLEY, MARK R. USA 29,563,417 35.2%
GUTHEIM, PAUL G. USA 29,563,461 35.2%
GYE, DAVID H. UK 29,563,085 35.2%
HAFFNER, LYNN CARLOS USA 29,564,291 35.2%
HAGER, FRANCIS J. USA 29,563,387 35.2%
HALL II, PERRY E. USA 29,565,323 35.3%
HALL, C. BARROWS USA 29,563,717 35.2%
HALSEY, AMINDA P. USA 29,563,271 35.2%
HAMILTON, PETER F. USA 29,563,439 35.2%
HAMMAR, BENGT Sweden 29,563,567 35.2%
HANEY, WILLIAM C. USA 29,564,015 35.2%
HANTHO, MARK A. Canada 29,563,085 35.2%
HARA, FUSAO Japan 29,563,085 35.2%
HARLAND, CHRISTOPHER M. USA 29,563,435 35.2%
HARMAN, WILLIAM R. USA 29,563,603 35.2%
HARPE, MICHAEL G. Canada 29,563,387 35.2%
HARRINGTON, ANNA R. USA 29,563,085 35.2%
HARRISON, MARK E. UK 29,563,903 35.2%
HASSEN, THOMAS E. USA 29,563,717 35.2%
HAVENS, JOHN P. USA 29,563,717 35.2%
HAY, MARIANNE LAING UK 29,563,085 35.2%
HAYASHI, KAZUSHI Japan 29,563,085 35.2%
HAYES, MICHAEL A. UK 29,563,085 35.2%
HAYES, DAVID L. USA 29,563,289 35.2%
HAYTHE, DAVID O. USA 29,566,929 35.3%
HEATH, STEPHEN M. UK 29,564,839 35.3%
HEGGLIN, DANIEL R. Switzerland 29,567,799 35.3%
HELLMERS, PAUL E. USA 29,563,448 35.2%
HEMEL, ERIC I. USA 29,563,144 35.2%
HENDRY, DANIELE N. Switzerland 29,563,085 35.2%
HENNESSY, ROBERT F. USA 29,563,476 35.2%
HEPBURN, JOHN K. Canada 29,576,399 35.3%
HEYES, RICHARD C. UK 29,563,085 35.2%
HIGGINS, WILLIAM X. USA 29,563,552 35.2%
HILL II, JOSEPH W. USA 29,563,618 35.2%
HILZENRATH, EUGENE B. USA 29,563,432 35.2%
HINTZ, CHARLES B. USA 29,563,580 35.2%
HIRSCH, STEVEN E. USA 29,563,452 35.2%
HOCH, JAMES S. USA 29,563,395 35.2%
HOCH, KENNETH C. USA 29,563,439 35.2%
HOFFMAN, MICHAEL C. USA 29,563,393 35.2%
HOLLIHAN III, JOHN P. USA 29,563,563 35.2%
HOLZSCHUH, JEFFREY R. USA 29,563,461 35.2%
HULLAR, JOHN P. USA 29,563,365 35.2%
HULTQUIST, TIMOTHY A. USA 29,579,825 35.3%
HUNEKE III, JOHN H. USA 29,563,514 35.2%
HUNTLEY, KRISTEN S. USA 29,563,374 35.2%
IMANISHI, JUN Japan 29,563,085 35.2%
IMRIE, BRIAN C. Canada 29,563,085 35.2%
IP, HONSUM Hong Kong 29,563,085 35.2%
ISASI, LUIS Spain 29,564,091 35.2%
ISHIKAWA, HIROSHI Japan 29,563,085 35.2%
IVERSON, KEITH W. Canada 29,563,481 35.2%
IVES, BRUCE S. USA 29,563,519 35.2%
JACKSON, PAUL J. UK 29,563,085 35.2%
JAMES, GEORGE MICHAEL USA 29,571,012 35.3%
JANER, RAGNAR L. USA 29,563,085 35.2%
<PAGE>
JANSON, MICHAEL M. USA 29,564,700 35.3%
JARROLD, GEORGE F. USA 29,563,449 35.2%
JEFFE, ROBERT A. USA 29,563,852 35.2%
JENKINS, PAUL R. UK 29,568,333 35.3%
JOHANSSON, JERKER M. Sweden 29,563,395 35.2%
JOHNSON, DAVID USA 29,566,432 35.3%
JOHNSON, R. SHELDON USA 29,563,759 35.2%
JOHNSTON, CHARLES I. USA 29,563,578 35.2%
JONES, ALAN K. USA 29,563,085 35.2%
JONES, DONALD J. USA 29,563,407 35.2%
JONES, MARGARET K. USA 29,563,348 35.2%
JONES, ROBERT W. USA 29,565,352 35.3%
JOYCE JR, RICHARD E. USA 29,563,391 35.2%
JUTERBOCK, THOMAS M. USA 29,564,017 35.2%
KAGEYAMA, TOSHIJI Japan 29,563,121 35.2%
KAITO, MASAO Japan 29,563,085 35.2%
KAMEN, ERIC M. USA 29,563,523 35.2%
KAMINS, HAROLD W. USA 29,563,291 35.2%
KANAMITSU, YASUO Japan 29,563,085 35.2%
KANAREK, DOUGLAS H. USA 29,563,852 35.2%
KANI, TAKEO Japan 29,563,085 35.2%
KARCHES, PETER F. USA 29,563,973 35.2%
KARY, MARK R. UK 29,563,085 35.2%
KASANOFF, KATHRYN JONAS USA 29,563,359 35.2%
KASSAN, ALAN USA 29,563,348 35.2%
KASSIN, PHILIP USA 29,563,485 35.2%
KAUFFMAN, RICHARD L. USA 29,563,085 35.2%
KAZILIONIS, PAUL D. USA 29,563,500 35.2%
KELLEHER, THOMAS C. UK 29,563,085 35.2%
KELLEY, SCOTT M. USA 29,563,374 35.2%
KELLNER, PETER L. USA 29,566,640 35.3%
KELLY, GEORGE J. USA 29,563,473 35.2%
KELLY, TIMOTHY D. USA 29,563,432 35.2%
KENEFICK, STEPHEN USA 29,563,085 35.2%
KENT, DAVID S. Australia 29,563,085 35.2%
KENT, RONALD S. UK 29,565,167 35.3%
KIDWELL, JEFFREY S. USA 29,563,418 35.2%
KIHLE, DAG Norway 29,565,271 35.3%
KIMAK, MARK M. USA 29,563,461 35.2%
KIMBALL, PAUL G. USA 29,563,852 35.2%
KIMEDA, TOSHIO Japan 29,563,102 35.2%
KINDRED, JONATHAN B. USA 29,563,415 35.2%
KING, GEORGE USA 29,563,489 35.2%
KINKEAD, BRIAN M. USA 29,563,390 35.2%
KIRKLAND, DEREK G. USA 29,563,415 35.2%
KISHIMOTO, SATOSHI Japan 29,563,444 35.2%
KNEISEL, WILLIAM J. USA 29,567,582 35.3%
KOEDERITZ, CANDICE E. USA 29,563,788 35.2%
KOENEN, AUSTIN V. USA 29,563,674 35.2%
KOERLING, HEINRICH Germany 29,569,513 35.3%
KOHNHORST, ADOLF Netherlands 29,563,085 35.2%
KOLLAR, JOHN S. USA 29,563,112 35.2%
KOURAKOS JR, WILLIAM USA 29,563,410 35.2%
KRAMMER, MARLENE G. USA 29,563,431 35.2%
KRAUSE, PETER C. USA 29,563,739 35.2%
KREITLER JR, CARL J. USA 29,563,327 35.2%
KRESSNER, J. THOMAS Sweden 29,565,705 35.3%
KROM III, FREDERICK B. USA 29,563,594 35.2%
KUPHALL, GRANT F. USA 29,563,434 35.2%
KURTZ, PATRICIA A. USA 29,563,465 35.2%
KUSHMA, DEBRA A.F. USA 29,563,193 35.2%
LA ROCHE, ELAINE USA 29,563,852 35.2%
LADD, SUSAN C. USA 29,563,397 35.2%
LAMOUNTAIN, JON USA 29,563,445 35.2%
LANCKSWEERT, DOMINIQUE Belgium 29,563,977 35.2%
LANDERS JR, JOHN Q. USA 29,563,271 35.2%
LANDI, ANTHONY J. USA 29,563,901 35.2%
LANDMAN, DAVID USA 29,563,434 35.2%
LANDRY, CHRISTINA M. USA 29,563,333 35.2%
LANDRY, BRENDA LEE USA 29,565,609 35.3%
LANGSAM, JOSEPH A. USA 29,563,562 35.2%
LANZA, ROBERT W. USA 29,563,746 35.2%
LARKINS, GARY T. USA 29,563,500 35.2%
LARSON, ERIC J. USA 29,563,154 35.2%
LASHENDOCK, MICHAEL J. USA 29,563,402 35.2%
LATAINER, GARY D. USA 29,563,608 35.2%
LATIF, NADIR S. UK 29,563,085 35.2%
LAXMI, JOHN S. USA 29,563,743 35.2%
LAYNG, JOHN G. USA 29,564,555 35.3%
LEACH, BRIAN USA 29,563,390 35.2%
LEBLANC, PAUL L. USA 29,563,420 35.2%
<PAGE>
LEBOWITZ, MICHAEL USA 29,563,412 35.2%
LEIMER, WILLI KURT Austria 29,563,085 35.2%
LEITCH, DONALD S. USA 29,563,387 35.2%
LEVINE, JOSHUA S. USA 29,563,430 35.2%
LEVIN, DEBRA J. USA 29,563,175 35.2%
LEVY, THOMAS A. USA 29,563,290 35.2%
LEWIS JR, WILLIAM M. USA 29,563,717 35.2%
LIANG, JAMES L. USA 29,563,085 35.2%
LICHNER, JEANNETTE A. USA 29,563,392 35.2%
LIN, PATRICK C. USA 29,563,228 35.2%
LIPPMANN, MARIANNE J. USA 29,563,341 35.2%
LIPTON, STEPHEN C. UK 29,563,085 35.2%
LITTLE, JAMES W. USA 29,563,289 35.2%
LIU, ANDREW Y.S. UK 29,567,217 35.3%
LIU, THEODORE EM-PO USA 29,563,085 35.2%
LLOYD, ELAINE C. USA 29,563,471 35.2%
LOARIE, ROBERT J. USA 29,563,120 35.2%
LOCOSA, LAURA E. USA 29,563,348 35.2%
LODEN, NEIL ANDREW UK 29,563,085 35.2%
LORENTZEN, KENT R. USA 29,564,548 35.3%
LOURIE, JONATHAN H. USA 29,563,316 35.2%
LUCAYA, JORGE Spain 29,563,085 35.2%
LUND, DAVID USA 29,563,443 35.2%
LUNN, ROBERT J. USA 29,563,746 35.2%
LYCHE, EINAR OLOF Norway 29,563,085 35.2%
LYCHE, IVER USA 29,563,627 35.2%
LYLES JR, RAY V. USA 29,563,575 35.2%
LYNCH, ELIZABETH W. USA 29,563,324 35.2%
MACDONALD, GAVIN L. UK 29,563,085 35.2%
MACKIN, JOHN J. USA 29,563,493 35.2%
MAGEE, STEVEN G. USA 29,563,412 35.2%
MAGUIRE, J. ROBERT USA 29,563,434 35.2%
MAHER, MICHAEL G. USA 29,563,732 35.2%
MAHONEY, JAMES P. USA 29,563,598 35.2%
MAHON, JAMES J. USA 29,564,321 35.2%
MAIT, MICHELE M. USA 29,564,103 35.2%
MALONE, CHRISTIAN B. USA 29,563,412 35.2%
MAMDANI, MAHMOUD A. USA 29,563,395 35.2%
MANGI, JOSEPH A. USA 29,563,476 35.2%
MANSON, CHRISTOPHER J.J. USA 29,563,085 35.2%
MARATOS, JASON G. Greece 29,563,085 35.2%
MARKS, KENNETH R. USA 29,563,761 35.2%
MARTINEZ, LOURDES LINDEN USA 29,563,433 35.2%
MARTIN, M. PAUL USA 29,563,419 35.2%
MARTOCCHIO, DONALD A. USA 29,563,376 35.2%
MARX, JOHN ROBERT USA 29,563,458 35.2%
MASSEY, STEWART R. USA 29,563,431 35.2%
MASSOT, SYLVAIN P. France 29,563,085 35.2%
MASUCCI, FERDINAND D. USA 29,563,501 35.2%
MATSCHULLAT, ROBERT W. USA 29,563,973 35.2%
MAUDE, FRANCIS ANTHONY UK 29,563,085 35.2%
MAYER, KIMBALL P. USA 29,563,374 35.2%
MAYNARD JR, WALTER USA 29,563,533 35.2%
MAYOROS, ALAN E. USA 29,563,391 35.2%
MAZZILLI, PAUL J. USA 29,565,618 35.3%
MAZZUCCHELLI, MARCO G. Italy 29,563,085 35.2%
MCARTHUR, JAMES New Zealand 29,563,085 35.2%
MCCARTHY, ANTHONY P. USA 29,563,548 35.2%
MCCLELLAND, W. CARTER USA 29,563,950 35.2%
MCCOMBE, WILLIAM D. Australia 29,563,435 35.2%
MCCONNELL, JOSEPH M. USA 29,564,410 35.2%
MCDONNELL GAIL P. USA 29,563,085 35.2%
MCDONNELL, CLARK D. USA 29,563,465 35.2%
MCDONOUGH, PATRICK J. USA 29,563,374 35.2%
MCGEEHAN, JOHN D. USA 29,563,412 35.2%
MCGUINNESS, NANCY A. USA 29,563,114 35.2%
MCILROY, WILLIAM USA 29,563,299 35.2%
MCKENZIE, RAYMOND J. USA 29,563,717 35.2%
MCLAUGHLIN, GREGORY USA 29,563,852 35.2%
MCMAHON, WILLIAM C. USA 29,564,496 35.3%
MEEKER, MARY G. USA 29,563,198 35.2%
MERLIS, SCOTT F. USA 29,564,043 35.2%
MERRITT, PETER G. USA 29,563,312 35.2%
MERSON, VLADIMIR USA 29,563,423 35.2%
METZLER, ROBERT A. USA 29,563,901 35.2%
MEYER, JOSEPH F. USA 29,563,410 35.2%
MEYER, BRUCE A. USA 29,564,923 35.3%
MICHNOWICH, SALVATORE E. USA 29,563,973 35.2%
MICIONI, PETER J. USA 29,563,316 35.2%
MILLER, FREDERIC A. USA 29,563,351 35.2%
MILLER, PAUL S. USA 29,563,493 35.2%
<PAGE>
MILUNOVICH, STEVEN M. USA 29,563,166 35.2%
MINERD, B. SCOTT USA 29,563,489 35.2%
MINK, SUSAN W. USA 29,563,676 35.2%
MINTON, PETER A. USA 29,563,201 35.2%
MIRABILE, KEVIN R. USA 29,563,373 35.2%
MISSETT, BRUCE M. USA 29,563,342 35.2%
MIZEN, GREG E. USA 29,563,422 35.2%
MLOTOK, PAUL D. USA 29,563,546 35.2%
MOELLER, SCOTT D. USA 29,564,482 35.3%
MOLE, MARIE L. USA 29,563,384 35.2%
MOLLOY, WILLIAM S. USA 29,563,717 35.2%
MOONIER, JAMES F. USA 29,563,374 35.2%
MOORE JR, DONALD A. USA 29,563,852 35.2%
MORAN, JOHN G. USA 29,563,595 35.2%
MORE, DANIEL B. USA 29,563,085 35.2%
MORGAN, DAVID H. UK 29,563,085 35.2%
MORPHETT, JONATHAN G. USA 29,563,395 35.2%
MORTIMER, PATRICK J. USA 29,563,345 35.2%
MOSCATI, LEONARD F. USA 29,563,440 35.2%
MOURRE, MARC France 29,563,795 35.2%
MOZER, FRANCINE L. USA 29,563,439 35.2%
MULLANEY, BRIAN V. USA 29,563,085 35.2%
MULLER, PETER USA 29,563,099 35.2%
MULLER, THOMAS R. USA 29,563,474 35.2%
MUNARI, ANDREA Italy 29,563,085 35.2%
MUNEMURA, KENJI Japan 29,563,085 35.2%
MUNGER, STEPHEN R. USA 29,563,488 35.2%
MURPHY, CHARLES W. USA 29,563,285 35.2%
MURPHY, DANIEL H. USA 29,563,461 35.2%
MURPHY, DAVID J. USA 29,563,455 35.2%
MURPHY, KEVIN C. USA 29,563,394 35.2%
MURRAY, PETER J. UK 29,563,085 35.2%
MURRAY, EILEEN K. USA 29,563,462 35.2%
MURRAY, MIRIAM E. USA 29,563,545 35.2%
NADOSY, PETER USA 29,563,901 35.2%
NAKADA, KENJI Japan 29,563,085 35.2%
NAKAGAWA, HIROSHI Japan 29,563,085 35.2%
NAKAMICHI, KEN Japan 29,563,085 35.2%
NASON, PETER G. USA 29,563,234 35.2%
NEAMTU, ALEXANDER USA 29,564,434 35.3%
NEEDHAM, PETER A. USA 29,563,725 35.2%
NELSON, THOMAS R. USA 29,564,760 35.3%
NEUBERGER, MARK A. USA 29,563,326 35.2%
NEUBOHN, NANEEN H. USA 29,563,759 35.2%
NEUMANN, GREGORY W. USA 29,564,047 35.2%
NEWCOMB, PHILIP V. USA 29,563,374 35.2%
NEWHOUSE, STEPHAN F. USA 29,563,759 35.2%
NEWMAN, DAVID F. USA 29,563,421 35.2%
NEWMAN, PATRICIA L. USA 29,563,435 35.2%
NICOL, DAVID UK 29,565,436 35.3%
NIEHAUS, CHRISTOPHER J. USA 29,563,489 35.2%
NIEHAUS, ROBERT H. USA 29,565,167 35.3%
NOBLE III, ROBERT D. USA 29,565,163 35.3%
NOSSEIR, AMR M. USA 29,563,265 35.2%
NOUJAIM, ALEXANDER J. USA 29,563,280 35.2%
OBERLIN, DANA M. USA 29,563,412 35.2%
O'BRIEN, DONALD S. USA 29,563,440 35.2%
O'BRIEN, JAMES M. USA 29,563,412 35.2%
OCAMPO, EDWARD J. USA 29,563,258 35.2%
OELERICH III, FRANCIS J. USA 29,563,395 35.2%
O'FLYNN, THOMAS M. USA 29,563,395 35.2%
O'FRIEL, MARK L. USA 29,563,085 35.2%
O'HARE, MICHAEL T. USA 29,563,449 35.2%
O'KEEFE, WILLIAM B. USA 29,563,496 35.2%
OKUSU, TAIJI Japan 29,563,085 35.2%
O'LEARY, WILLIAM F. USA 29,564,138 35.2%
OLESKY, JONATHAN D. USA 29,563,367 35.2%
OLSEN, WARREN USA 29,563,489 35.2%
ONUMA, TAKASHI Japan 29,563,298 35.2%
ORMEROD, MARK UK 29,563,085 35.2%
O'SHEA, PETER C. Ireland 29,572,517 35.3%
OVERLANDER, KEITH F. USA 29,563,150 35.2%
OZEKI, TOSHIO USA 29,563,355 35.2%
PAGLIARI, MICHAEL UK 29,563,085 35.2%
PALMIOTTI, JOSEPH C. USA 29,563,085 35.2%
PANDIT, VIKRAM S. India 29,563,717 35.2%
PANNELL, CAROL AMANDA UK 29,563,085 35.2%
PARKER, ANDREW M. USA 29,563,243 35.2%
PARKER, KEVIN E. USA 29,563,531 35.2%
PASCIUCCO, GERARD USA 29,563,395 35.2%
PASTRANA, GEORGE USA 29,563,170 35.2%
<PAGE>
PATEL, MUKESH D. USA 29,563,391 35.2%
PATENGE, DAVID W. USA 29,563,731 35.2%
PATE, BRUCE A. USA 29,563,267 35.2%
PAVONCELLI, RICCARDO Italy 29,563,085 35.2%
PECORI GIRALDI, GALEAZZO Italy 29,565,557 35.3%
PEISCH, CHRISTOPHER L. USA 29,564,187 35.2%
PELGRIFT, JAMES D. USA 29,563,965 35.2%
PELLECCHIO, RALPH L. USA 29,563,543 35.2%
PELOSKY JR, ROBERT J. USA 29,563,206 35.2%
PENINGTON, MICHAEL UK 29,563,411 35.2%
PEREIRA, PAULO C. Portugal 29,563,085 35.2%
PERELLA, JOSEPH R. USA 29,563,085 35.2%
PETERSON, WAYNE D. USA 29,563,415 35.2%
PETERS, HANS PETER Germany 29,563,085 35.2%
PETERY, ANDRAS R. USA 29,563,852 35.2%
PETITGAS, FRANCK R. USA 29,563,085 35.2%
PETRICK, MICHAEL J. USA 29,563,323 35.2%
PETRILLI, ANTHONY M. USA 29,563,384 35.2%
PETRI, LAWRENCE M. USA 29,563,450 35.2%
PETROW, CHRISTOPHER G. USA 29,563,409 35.2%
PLACENTRA, DANIEL R. USA 29,563,319 35.2%
PLATTER, DAVID M. USA 29,563,413 35.2%
PLATT, RUSSELL C. USA 29,563,395 35.2%
POCHTAR, ELAINE N. USA 29,563,435 35.2%
POOR, DAVID B. USA 29,563,453 35.2%
PORTER, J. DONALD USA 29,563,137 35.2%
PORTE, THIERRY G. USA 29,565,748 35.3%
PORTOGALLO, RICHARD USA 29,563,407 35.2%
POULTON, ROGER UK 29,563,449 35.2%
PRATT, FRANK T. USA 29,563,852 35.2%
PRINCE, SCOTT S. USA 29,563,194 35.2%
PUTCHA, RAMAKRISHNA N. USA 29,563,458 35.2%
QUARTNER, DOUGLAS M. USA 29,565,471 35.3%
QUATTRONE, FRANK P. USA 29,563,610 35.2%
QUERY JR, JAMES B. USA 29,563,373 35.2%
RABIN, MICHAEL D. USA 29,563,146 35.2%
RANDOLPH III, GUY D. USA 29,563,346 35.2%
RANKINE, NIGEL J. UK 29,563,085 35.2%
RANKOWITZ, MICHAEL L. USA 29,563,538 35.2%
RAULT III, JOSEPH M. USA 29,563,610 35.2%
RAVITZ, LESLIE C. USA 29,563,166 35.2%
REEKE, GAIL HUNT USA 29,563,444 35.2%
REFVIK, OLAV N. Norway 29,563,282 35.2%
REID, WILLIAM R. USA 29,563,085 35.2%
REILLY, TIMOTHY B. USA 29,563,455 35.2%
REILLY, CHRISTINE I. USA 29,563,595 35.2%
REIS, NORBERT J. Germany 29,563,085 35.2%
REMEC, MARKO C. USA 29,563,435 35.2%
RENEHAN, DAVID USA 29,563,852 35.2%
RENTON, STEPHEN UK 29,566,525 35.3%
RESTAINO, PAOLO ANTHONY Italy 29,563,085 35.2%
REVELLI, PAOLO Italy 29,563,085 35.2%
REYNOLDS, RALPH F. USA 29,563,198 35.2%
RICHARDSON, BLAIR E. Canada 29,563,717 35.2%
RICHARDSON, GERALD P. USA 29,563,473 35.2%
RICHTER, MARIA DEL CARM Panama 29,563,085 35.2%
RIEFLER, LINDA H. USA 29,563,374 35.2%
RIEPER, ALAN G. USA 29,563,085 35.2%
RILEY, THOMAS R. USA 29,563,629 35.2%
ROACH, STEPHEN S. USA 29,563,493 35.2%
ROBBINS, DAVID I. USA 29,563,371 35.2%
ROBERTS, JOHN A. UK 29,563,419 35.2%
ROBEY, SIMON C. UK 29,563,085 35.2%
ROBICHAUD, RENE J. Canada 29,563,371 35.2%
ROBINO, CHRISTOPHER M. USA 29,563,278 35.2%
ROBINSON, JOHN D. USA 29,563,390 35.2%
ROCHE, DAVID C. Ireland 29,572,046 35.3%
RODMAN, KEVIN L. USA 29,563,424 35.2%
ROHRBACH III, CLAYTON J. USA 29,563,901 35.2%
ROOKWOOD, MARK S. USA 29,563,323 35.2%
ROSEMAN, CAREN R. USA 29,563,757 35.2%
ROSENTHAL, RICHARD S. USA 29,563,461 35.2%
ROSENTHAL, NORMAN USA 29,563,575 35.2%
ROSE, ANTHONY UK 29,563,085 35.2%
ROWLEY, ANDREW F. USA 29,563,618 35.2%
RUNDE, JAMES A. USA 29,563,863 35.2%
SACHS, NED R. USA 29,566,470 35.3%
SAITO, MAKOTO Japan 29,563,085 35.2%
SALANT, MARSHAL L. USA 29,563,435 35.2%
SALZMAN, JEFFREY H. USA 29,563,852 35.2%
SAMA, ALOK USA 29,563,374 35.2%
<PAGE>
SANDBERG, BRUCE R. USA 29,563,442 35.2%
SANDLING III, M. JAMES USA 29,563,395 35.2%
SARGENT, ROBERT A. UK 29,563,085 35.2%
SASAKI, MAMI Japan 29,563,085 35.2%
SAUNDERS, RICHARD J. UK 29,563,085 35.2%
SAXE, SUSAN E. USA 29,563,434 35.2%
SAXTON, THOMAS J. USA 29,563,336 35.2%
SCHAAFF JR, HAROLD J. USA 29,563,387 35.2%
SCHEUER, ALAN USA 29,563,085 35.2%
SCHLUETER, JAMES B. USA 29,563,365 35.2%
SCHNEIDER, DONALD J. USA 29,563,432 35.2%
SCHWARTZ, RICHARD C. USA 29,563,085 35.2%
SCHWEITZER, SAMUEL USA 29,563,490 35.2%
SCOTT, ANDREW C. USA 29,563,493 35.2%
SCOTT, CHARLES H. UK 29,566,187 35.3%
SCOTT, ROBERT G. USA 29,563,973 35.2%
SEBULSKY, ALAN M. USA 29,563,442 35.2%
SEIBALD, JACK D. USA 29,563,085 35.2%
SEIGEL, MARK A. USA 29,564,917 35.3%
SEN, BIDYUT C. India 29,563,717 35.2%
SETHI, VINOD R. USA 29,563,245 35.2%
SEXAUER, STEPHEN C. USA 29,563,370 35.2%
SEXTON, O. GRIFFITH USA 29,563,901 35.2%
SHAH, DHIREN H. USA 29,563,415 35.2%
SHAKESHAFT, JOHN CHARLES UK 29,563,085 35.2%
SHAPIRO, JOHN A. USA 29,563,586 35.2%
SHAY, DEWEY K. USA 29,563,395 35.2%
SHEAR, NEAL A. USA 29,563,759 35.2%
SHEA, THOMAS J. USA 29,563,398 35.2%
SHEA, DENNIS F. USA 29,564,023 35.2%
SHELTON, RICHARD DAVID USA 29,563,273 35.2%
SHEN, BING China 29,563,385 35.2%
SHERVA, DENNIS G. USA 29,563,901 35.2%
SHORT, CHARLES B. USA 29,563,465 35.2%
SHORT, MARIUM A. USA 29,563,453 35.2%
SICA, FRANK USA 29,563,759 35.2%
SIMONIAN, JON D. USA 29,566,452 35.3%
SINE, JEFFREY A. USA 29,563,453 35.2%
SINE, THOMAS USA 29,563,412 35.2%
SIPPRELLE, DWIGHT D. USA 29,563,443 35.2%
SIPPRELLE, SCOTT M. USA 29,563,293 35.2%
SITLINGTON III, JAMES R. USA 29,563,267 35.2%
SKIBA, JACK L. USA 29,563,463 35.2%
SLADKUS, MARK H. USA 29,563,716 35.2%
SLAINE, DAVID R. USA 29,563,379 35.2%
SMITH, ROBERT S. USA 29,563,090 35.2%
SMITH, CHARISSA H. USA 29,563,432 35.2%
SMITH, JUDITH A. USA 29,563,564 35.2%
SMITH, MICHAEL K. USA 29,563,289 35.2%
SMITH, PAUL E. USA 29,563,418 35.2%
SONNENBORN, MONROE R. USA 29,563,567 35.2%
SORREL, LAWRENCE B. USA 29,563,395 35.2%
SOTER, ARTHUR P. USA 29,563,746 35.2%
SPECTOR, ALVIN H. USA 29,563,412 35.2%
SPELLMAN, MICHAEL F. USA 29,563,493 35.2%
SPENCE, ANTHONY D. UK 29,563,085 35.2%
SPITZLEY, RAY L. USA 29,563,085 35.2%
SPOSITO, CLAUDIO Italy 29,563,085 35.2%
STEWART, JOHN R. USA 29,563,642 35.2%
STOCKMAN, MICHAEL G. USA 29,563,085 35.2%
STOCKWELL, DAVID W. UK 29,563,548 35.2%
STONEFIELD, STEPHEN USA 29,565,217 35.3%
STONEHILL, CHARLES UK 29,566,610 35.3%
STONE, DUNCAN R. UK 29,563,085 35.2%
STOTT, PETER UK 29,565,259 35.3%
STRAUS, JOHN A. USA 29,563,481 35.2%
STRONG, WILLIAM H. USA 29,563,085 35.2%
STRUBLE, K. LYNN MEDLIN USA 29,563,376 35.2%
STUDZINSKI, JOHN J. USA 29,566,502 35.3%
STURZENEGGER, RONALD D. USA 29,563,395 35.2%
STUX, IVAN E. USA 29,563,534 35.2%
STYNES, JAMES B. USA 29,564,196 35.2%
SUMNERS, DAVID UK 29,584,427 35.3%
SWIFT, RICHARD W. USA 29,563,525 35.2%
SZILASI, WILLIAM J. USA 29,563,530 35.2%
TAGGART, RICHARD G. USA 29,563,345 35.2%
TAKASUGI, TETSUO Japan 29,563,457 35.2%
TANNER, JAMES L. USA 29,566,892 35.3%
TAN, TOMMY CHIN-CHIU Thailand 29,563,085 35.2%
TARADASH, MICHAEL H. USA 29,563,296 35.2%
TARIKA, ROGER C. USA 29,563,454 35.2%
<PAGE>
TAUBMAN, PAUL J. USA 29,563,395 35.2%
TAYLOR, DAVID J. USA 29,563,371 35.2%
TAYLOR, ROSS UK 29,566,136 35.3%
TELL, MARTIN R. USA 29,563,332 35.2%
TEMPLE, MICHAEL A. USA 29,563,403 35.2%
THARNSTROM, CHARLES A. USA 29,563,362 35.2%
THEES, THOMAS M. USA 29,563,464 35.2%
THOMAS, OWEN D. USA 29,563,374 35.2%
THOMAS, PHILIP M. UK 29,563,085 35.2%
THOMAS, RICHARD H. UK 29,563,783 35.2%
TILLEY, JAMES A. Canada 29,563,759 35.2%
TOPPER, DAVID J. USA 29,563,488 35.2%
TOPTANI, PHILIPPA ANN UK 29,563,085 35.2%
TOROP, ROBERT USA 29,563,354 35.2%
TOWSE, ROBERT C. USA 29,563,717 35.2%
TRACY, JOHN M. USA 29,563,085 35.2%
TRENCHARD, DAVID F. UK 29,563,085 35.2%
TSAI, ANDREW S. Hong Kong 29,563,085 35.2%
TUFARIELLO, ANTHONY B. USA 29,563,342 35.2%
TULP, ALLAN J. USA 29,563,443 35.2%
TWIST, CAROLYN M. UK 29,563,085 35.2%
TYNAN, BRENDAN TIMOTHY UK 29,567,092 35.3%
UVA, MICHAEL D. USA 29,563,424 35.2%
VADALA JR, CHARLES F. USA 29,563,820 35.2%
VALLET, JUAN M. USA 29,563,307 35.2%
VAN DYKE V, HENRY USA 29,563,395 35.2%
VAN NIEUWENHUIZEN, JAN L. Netherlands 29,563,085 35.2%
VAUGHAN, GREGORY V. USA 29,563,289 35.2%
VIVEASH, F. THOMAS UK 29,568,618 35.3%
VON ARENTSCHILDT, CHARLES USA 29,563,467 35.2%
VON NATHUSIUS, FRIEDRICH Germany 29,563,085 35.2%
VON SCHRODER, BENEDIKT Germany 29,563,428 35.2%
VON UFFEL, GEORGE KURT USA 29,564,347 35.2%
VOREYER, ROBERT J. USA 29,563,335 35.2%
VOUTE, GUSTAVE A. Netherlands 29,564,280 35.2%
WADSWORTH JR, JOHN S. USA 29,563,973 35.2%
WAGNER, GLENN N. USA 29,563,212 35.2%
WAHL, FREDERICK J. USA 29,563,345 35.2%
WALLACE, WILLIAM USA 29,563,852 35.2%
WALSH JR, FREDERICK R. USA 29,563,532 35.2%
WALSH, MARK K. USA 29,563,440 35.2%
WALTON III, WILLIAM H. USA 29,563,746 35.2%
WARD, P. STEWART USA 29,563,401 35.2%
WARD, J. STEVEN UK 29,678,615 35.4%
WARNER, PHILIP WARD USA 29,563,578 35.2%
WASSON, DAVID F. USA 29,563,395 35.2%
WATERS, STEPHEN M. USA 29,563,859 35.2%
WATJEN, THOMAS R. USA 29,563,493 35.2%
WATSON, GORDON O. USA 29,563,432 35.2%
WAXMAN, SCOTT USA 29,563,267 35.2%
WEAVER, IAN L. UK 29,563,432 35.2%
WEBER, JON F. USA 29,563,163 35.2%
WEBLEY, JOHN UK 29,564,847 35.3%
WELLEMEYER, JOHN C. USA 29,567,232 35.3%
WENDELL, JONATHAN P. USA 29,566,959 35.3%
WESTERFIELD, JOHN USA 29,563,127 35.2%
WESTERINK, ERIK J. Netherlands 29,563,085 35.2%
WESTON, MICHAEL A. New Zealand 29,563,085 35.2%
WHALEN, PATRICK J. USA 29,563,201 35.2%
WHELAN, THOMAS B. USA 29,563,717 35.2%
WHITEHAND, ROBERT C. UK 29,570,503 35.3%
WHITE, THOMAS G. USA 29,563,392 35.2%
WIEN, BYRON R. USA 29,563,852 35.2%
WIJNBERG, SANDRA SASSER USA 29,563,907 35.2%
WILEY, JANET M. DESEL USA 29,564,073 35.2%
WILLIAMS, JEFFREY P. USA 29,563,759 35.2%
WILLNER, ANDREW D. UK 29,563,085 35.2%
WILSON, KIRK R. USA 29,563,415 35.2%
WINTERS, PHILIP W. USA 29,563,533 35.2%
WIPF, THOMAS G. USA 29,563,416 35.2%
WISCOMB, THOMAS T. USA 29,563,964 35.2%
WOLKOWITZ, BENJAMIN USA 29,564,346 35.2%
WOOD, JEROME C. USA 29,563,551 35.2%
WOOLFORD, ANDREW K. USA 29,563,114 35.2%
WOOLWORTH JR, RICHARD G. USA 29,563,526 35.2%
WRIGHT II, WILLIAM H. USA 29,563,374 35.2%
YAFFE, RANDY S. USA 29,563,412 35.2%
YAMADA, HARUNOBU Japan 29,563,444 35.2%
YAMAMOTO, TAKATOSHI Japan 29,563,085 35.2%
YAMANE, STEVEN K. USA 29,563,379 35.2%
YANKOU, THOMAS J. USA 29,563,346 35.2%
YOUNG, JOAN P. USA 29,563,465 35.2%
YUKI, KOHEI Japan 29,563,085 35.2%
ZAOUI, MICHAEL A. France 29,565,145 35.3%
ZAUMSEIL, BRICE W. USA 29,563,362 35.2%
ZIAI, YOUSSEF UK 29,563,085 35.2%
ZICHERMAN, JOSEPH R. USA 29,563,305 35.2%
ZICK JR, ALFORD E. USA 29,563,379 35.2%
ZORN, ERNEST P. USA 29,563,400 35.2%
ZUCKERT, MICHAEL S. USA 29,563,418 35.2%
<PAGE>
Item 1. Security and Issuer.
-------------------
This statement relates to the Common Stock, par value $1.00 per share (the
"Shares"), of Morgan Stanley Group Inc., a Delaware corporation (the "Company").
The address of the principal executive office of the Company is 1251 Avenue of
the Americas, New York, New York 10020.
Item 2. Identity and Background.
-----------------------
(a)-(c), (f) The cover sheets to this statement and Appendix A hereto
contain the names of the persons (the "Reporting Persons") who beneficially own
Shares that are subject to the voting and any disposition restrictions set forth
in the employee Stockholders' Agreement and/or any of the Plan Agreements, all
as described in Item 6, to which such persons are party to and on whose behalf
this filing is made. The cover sheets to this statement and Appendix A provide
the name, citizenship and aggregate amount beneficially held by each Reporting
Person. The business address of each of the Reporting Persons is 1251 Avenue of
the Americas, New York, NY 10020.
(d)-(e) No Reporting Person during the last five years has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or has been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, Federal or state securities laws
or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds
or Other Consideration.
--------------------------
The Shares held by the Reporting Persons are beneficially owned pursuant to
one or more of the following:
(1) Pursuant to the recapitalization (the "Recapitalization") effective
February 14, 1986 in which holders of the Company's then outstanding
privately-held common stock and non-cumulative preferred stock
received Shares, and holders of the Company's outstanding $8
cumulative senior preferred stock received shares of $8 Cumulative
Convertible Preferred Stock, stated value $100 per share (the
"Convertible Preferred Shares"), all of which were subsequently
converted into Shares (the Shares beneficially owned pursuant to such
Recapitalization (including through the conversion of the Convertible
Preferred Shares) being referred to herein as "Recapitalization
Shares");
<PAGE>
(2) Pursuant to participation in the Company's 1986 Stock Option Plan (the
"Option Plan"), the Company's Performance Unit Plan (the "PUP Plan"),
the Company's 1988 Equity Incentive Compensation Plan (the "Equity
Incentive Plan") and/or the Morgan Stanley International Profit
Sharing Scheme (the "U.K. Profit Sharing Plan") and/or similar
employee benefit plans or arrangements (the Option Plan, the PUP Plan,
the Equity Incentive Plan and such other plans or arrangements are
referred to collectively as the "Plans", and the Shares beneficially
owned pursuant to participation in such Plans being referred to herein
as "Benefit Plan Shares"); and
(3) Pursuant to privately negotiated or open market transactions (the
Shares beneficially owned pursuant to such transactions being referred
to herein as "Separately Acquired Shares").
In addition, many of the Reporting Persons are participants in the Morgan
Stanley Group Inc. and Subsidiaries Employee Stock Ownership Plan (the "ESOP"),
under which they have been allocated shares of the Company's ESOP Convertible
Preferred Stock (the "ESOP Stock"). Shares of ESOP Stock are convertible into
Shares, and shares of ESOP Stock are entitled to vote on all matters submitted
to a vote of the holders of Shares, voting together with the holders of Shares
as one class, all as described more fully below.
Each Reporting Person's Recapitalization Shares, if any, were acquired in
exchange for such Person's shares of the Company's privately-held common stock
and non-cumulative preferred stock and/or a result of the conversion of the
Convertible Preferred Shares; each Reporting Person's Benefit Plan Shares and
shares of ESOP Stock, if any, were acquired pursuant to the terms of the
Company's Plans and the ESOP, respectively, in consideration of services
rendered and, in the case of Shares to be acquired pursuant to an exercise of
options granted under a Plan will be acquired by payment of the exercise price
of the option, and each Reporting Person's Separately Acquired Shares, if any,
were acquired by payment of personal funds or as a gift.
Item 4. Purpose of Transaction.
----------------------
The Recapitalization was effected as of February 14, 1986, and the
Recapitalization Shares were acquired in order to facilitate an initial public
offering of the Company's Shares. Prior to the Recapitalization, the then
Managing Directors and Principals of Morgan Stanley & Co. Incorporated, a
subsidiary of the Company, owned all of the Company's common stock. After the
Recapitalization and the initial public offering of the Company's Shares, such
Managing Directors and Principals (as a group) owned approximately 79% of the
Company's Shares, the voting and disposition of which were subject to the
Stockholders' Agreement (defined below in Item 6). The voting and disposition
restrictions currently applicable to the Recapitalization Shares are discussed
in Item 6.
Option Plan
The purpose of the Option Plan is to provide an incentive to certain
Managing Directors, Principals, officers, key employees and consultants of the
Company and its subsidiaries ("Certain Personnel") to remain in the employ of
the Company and such subsidiaries and to increase their interest in the success
of the Company by offering them an opportunity to obtain a proprietary
<PAGE>
interest in the Company through the grant of options to purchase Shares. The
Option Plan provides for the issuance of incentive stock options ("Incentive
Stock Options") which meet the requirements of Section 422A of the Internal
Revenue Code of 1986, as amended (the "Code"), options that are not qualified
under the Code ("Nonqualified Options" and collectively with the Incentive Stock
Options, the "Options") and stock appreciation rights ("Stock Appreciation
Rights"). A compensation committee appointed by the Company's Board of Directors
(the "Compensation Committee"), which is required to consist of at least three
disinterested persons, administers the Option Plan and selects the particular
eligible persons who will receive grants of Options and Stock Appreciation
Rights and the number of Shares that will be subject thereto.
The exercise price of an Option granted under the Option Plan may not be
less than 100% of the fair market value of the Shares subject to the Option as
of the date the Option is granted, as determined by the Compensation Committee.
An Option becomes exercisable at a rate of one-third of the number of Shares
covered by such Option after each of the first three anniversaries of the date
of grant, unless the Compensation Committee otherwise provides. All Options,
other than Incentive Stock Options, are required to expire within 10 years and
one day of the date of grant.
The Compensation Committee also has adopted certain additional terms and
conditions for the grant of options ("U.K. Approved Options") to Certain
Personnel under the jurisdiction of the United Kingdom in order to permit such
persons to qualify for favorable tax treatment under the laws of the United
Kingdom.
The individual Option Agreement entered into by any Reporting Person
pursuant to the Option Plan (an "Option Agreement") contains restrictions on
voting and disposition of any Shares acquired pursuant to the Option Plan that
are similar to the restrictions applicable to the Recapitalization Shares (as
discussed in Item 6). Shares issued, or issuable, to U.K. employees, however,
are not subject to voting or disposition restrictions.
The Option Plan will terminate upon the earlier of (i) the adoption of a
resolution of the Board of Directors authorizing its termination and (ii) March
21, 1996.
PUP Plan
The purpose of the PUP Plan is to benefit and advance the interests of the
Company and its subsidiaries by rewarding Certain Personnel for their
contributions to the financial success of the Company and thereby motivate them
to continue to make such contributions in the future by awarding performance
units (the "Performance Units") whose value is determined by reference to
earnings per share of the Shares over a stated period of time. Performance Units
are awarded, and the PUP Plan is administered, by the Compensation Committee.
The value of a Performance Unit is equal to the Company's consolidated
earnings per share (as determined by the Compensation Committee in accordance
with the terms of the PUP Plan) during the period commencing on the first date
of the Company's fiscal quarter which includes the date as of which a
Performance Unit is awarded (the "Base Date") and ending on the earlier of (i)
the last day of the Company's fiscal year which includes the date on which such
Performance Unit is awarded and (ii) the last day of the Company's fiscal
quarter in which a participant's employment is terminated by reason of death,
long-term disability or retirement, or to such other date as is determined by
the Compensation Committee (the "Valuation Date"). After the value of
Performance Units is
<PAGE>
determined, such value generally will be distributed to the recipient in equal
installments on or as soon as practicable following each of the first and second
anniversaries of the Valuation Date. The PUP Plan provides that 50% of each
installment of such value is paid in Shares, and the balance is paid in cash,
although the Compensation Committee may increase the percentage paid in cash or
in Shares.
The individual PUP Agreement entered into by a Reporting Person pursuant to
the PUP Plan (a "PUP Agreement") contains restrictions on voting and disposition
of any shares acquired that are similar to the restrictions applicable to the
Recapitalization Shares (as discussed in Item 6). Shares issued to U.K.
employees, however, are not subject to voting or disposition restrictions.
The PUP Plan will terminate upon the earlier of (i) the adoption of a
resolution of the Board of Directors terminating such Plan and (ii) March 21,
1996.
Equity Incentive Plan
The Equity Incentive Plan was adopted by the Board of Directors of the
Company on December 6, 1988 and approved by the Company's stockholders on May 4,
1989. The purpose of the Equity Incentive Plan is to attract, retain and
motivate Certain Personnel, to compensate them for their contributions to the
growth and profits of the Company and to encourage ownership by them of Shares
of the Company. Awards under the Equity Incentive Plan may be in the form of
Shares, stock units and/or options to purchase Shares. Shares issued pursuant to
the Equity Incentive Plan may, in the discretion of the Compensation Committee,
be made subject to the same voting restrictions that are set forth in the
Stockholders' Agreement and in the Option and PUP Agreements. The Compensation
Committee administers the Equity Incentive Plan, approves the eligible
participants who will receive awards and has the power to fix and accelerate
vesting periods.
Under the terms of the Equity Incentive Plan, the Compensation Committee
may grant Shares, valued at a discount (not to exceed 50%) of fair market value
as of the date of grant (a "Stock Award"), in lieu of, or in addition to, all or
a portion of a participant's cash incentive compensation for a particular year.
A participant may be allowed to elect to receive a portion of this award in the
form of options to acquire Shares (an "Option Award") or to receive additional
Shares or options in lieu of some or all of the cash portion of his
compensation. Awards may also be made in the form of units ("Stock Unit Award")
representing the number of Shares a participant would otherwise have been
eligible to receive under a Stock Award (a "Stock Unit"). A participant may also
elect to receive Stock Units in lieu of some or all of the cash portion of his
compensation.
An Option Award entitles the participant to acquire a specified number of
Shares at an exercise price of no less than 50% of fair market value on the date
of the award, as determined by the Compensation Committee. Options vest and
become exercisable in accordance with a schedule established by the Compensation
Committee. The exercise price may be paid in cash or Shares or a combination
thereof. The ability to pay the option price in Shares would, unless prohibited
by the Compensation Committee, enable an optionee to engage in a series of
successive stock-for-stock exercises of an option and thereby fully exercise an
option with little or no cash investment by the optionee. Option Awards expire
not later than ten years from the date of award.
The Company may require a participant to pay a sum to the Company or,
pursuant to reduced Share delivery provisions, the
<PAGE>
Company may retain the number of Shares having an equivalent value as may be
necessary to cover any taxes or charges imposed with respect to property or
income received by a participant pursuant to the Equity Incentive Plan.
Recipients of Stock Awards are entitled to exercise voting rights and
receive dividends with respect to the Shares underlying such awards upon receipt
of such awards. Recipients of Stock Unit Awards are entitled to receive amounts
equivalent to dividends with respect to the Shares underlying such awards prior
to receipt of such Shares. The Stock Units vest and convert into Shares in
accordance with a schedule established by the Compensation Committee. On March
6, 1991 the Company established a trust (the "Trust") pursuant to the Trust
Agreement between the Company and State Street Bank and Trust Company, as
Trustee (the "Trustee"), dated March 5, 1991 (the "Trust Agreement") pursuant to
which the Shares that correspond to Stock Unit Awards are placed in the Trust
pending such vesting and conversion. Subject to the Company's right to amend or
terminate the Trust at any time, the terms of the Trust Agreement permit the
active employees of the Company who are holders of Stock Units to direct the
vote of the Shares held in the Trust for purposes of the Preliminary Vote, as
described in Item 6. Shares underlying Stock Units awarded to Japanese local
hires or expatriates working in Japan ("Japanese Participants") are not held in
the Trust and therefore Japanese Participants do not have voting rights with
respect to their Stock Units. In accordance with the terms of the Voting
Agreement between the Trustee and the Company dated March 5, 1991, the Trustee
has the obligation to vote the Shares held in the Trust in accordance with the
result of the Preliminary Vote described in Item 6.
Subsequent to May 2, 1991 up to an aggregate of 24,000,000 Shares may be
issued pursuant to the Option Plan, the PUP Plan and the Equity Incentive Plan.
U.K. Profit Sharing Plan
Shares purchased on behalf of certain Reporting Persons pursuant to the
U.K. Profit Sharing Plan are purchased with profit-sharing awards and are held
pursuant to the terms of the U.K. Profit Sharing Plan for investment purposes.
Such Shares are not subject to the restrictions on voting and disposition
contained in the Stockholders' Agreement.
ESOP Stock
Holders of ESOP Stock are entitled to vote on all matters submitted to a
vote of the holders of Shares, voting together with the holders of Shares as one
class. Each share of ESOP Stock is entitled to the number of votes equal to 1.35
times the number of Shares into which such share of ESOP Stock could be
converted on the record date for such vote. Each Reporting Person who is a
participant in the ESOP has the ability to instruct the trustee of the ESOP how
to vote the shares of ESOP Stock allocated to his account. In addition,
unallocated shares of ESOP Stock are voted by the trustee on a pro rata basis
with the instructions received with respect to the allocated ESOP Stock. Shares
of ESOP Stock are allocated to each participant in the ESOP on December 31 in
each year.
Each share of ESOP Stock is convertible into Shares by the trustee of the
ESOP at any time prior to the date fixed for redemption of the ESOP Stock at an
initial conversion rate of one share of ESOP Stock to one Share, which rate is
subject to adjustment. On the date hereof the conversion price per share at
which Shares will be issued upon conversion of any shares of ESOP Stock is
$35.87 (subject to adjustment).
<PAGE>
The ESOP Stock is redeemable at the Company's option at $35.87
per share (subject to adjustment) plus accrued dividends at any
time after September 19, 2000 and prior thereto under certain
circumstances at specified prices. The Company may pay the
redemption price of the ESOP Stock in cash, in Shares or a
combination thereof. Neither ESOP Stock nor Shares issued to
participants in the ESOP are subject to the restrictions on voting
and disposition contained in the Stockholders' Agreement or the
Plan Agreements, as described in Item 6.
Separately Acquired Shares
Separately Acquired Shares are held by Reporting Persons for investment
purposes. Such Shares are not subject to the restrictions on voting and
disposition contained in the Stockholders' Agreement or the Plan Agreements.
* * *
Except for (i) the possible acquisition from time to time of additional
Separately Acquired Shares for investment purposes and (ii) the acquisition of
Shares issued by the Company in the ordinary course of business pursuant to the
Plans, none of the Reporting Persons has any plans or proposals which relate to
or would result in their acquisition of additional Shares.
Subject to the restrictions described in Item 6, dispositions of Shares by
Reporting Persons may be made from time to time pursuant to (i) Rule 144 under
the Securities Act of 1933, as amended (the "Act"), (ii) a registration
statement filed under the Act or (iii) any available exemption from registration
under the Act, and in accordance with the individual investment objectives of
the Reporting Person disposing of such Shares.
Except as previously described in this Item 4, the Reporting Persons as a
group do not have any plans or proposals that relate to or would result in any
of the matters described in subparagraphs (a)-(j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) Items (11) and (13) of the cover page for each of the Reporting Persons
are hereby incorporated by reference. As of the date of this report, the
Reporting Persons as a group may be deemed to beneficially own an aggregate of
29,563,085 Shares, or approximately 35.2%. Since October 29, 1993, the
retirement or termination of certain employees became effective. Such employees
are no longer Reporting Persons and the Reporting Persons' beneficial ownership
of Shares, after accounting for changes in the number of total Shares
outstanding, decreased by 1.6%. On February 25, 1994, an aggregate of 4,784,820
Stock Units were issued resulting in an increase in the Reporting Persons'
beneficial ownership of Shares of 5.52%. The Reporting Persons as a group hereby
disclaim beneficial ownership of any Shares held by any Reporting Person as to
which such Reporting Person has sole voting and dispositive power. Each
Reporting Person hereby disclaims beneficial ownership of any Shares which may
be deemed to be beneficially owned by other Reporting Persons as members of a
group.
Except as described in Schedule I, no Reporting Person has the right to
acquire Shares within 60 days from the date hereof.
(b) Items (7) - (10) of the cover page or the information provided on
Appendix A for each of the Reporting Persons are hereby
<PAGE>
incorporated by reference.
(c) Except as described in Schedule II, no Reporting Person has effected
any transactions in any Shares during the past 60 days.
(d) None.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings
or Relationships with Respect to
Securities of the Issuer.
---------------------------------------
Reporting Persons who own Recapitalization Shares have entered into a
Stockholders' Agreement dated as of February 14, 1986 (the "Stockholders'
Agreement") (Exhibit A hereto) which contains restrictions regarding the voting
and disposition of the Recapitalization Shares. Pursuant to the terms of the
Plans the Compensation Committee has required that participants in such Plans
enter into agreements that place restrictions on the voting and disposition of
Shares acquired pursuant to such Plans similar to those restrictions set forth
in the Stockholders' Agreement. Options and Stock Units awarded under the Equity
Incentive Plan are not transferable. In addition, the agreements or certificates
setting forth the terms of awards granted under the Equity Incentive Plan impose
certain vesting requirements and restrictions on transfer. Reference is hereby
made to the terms of the agreements or certificates that impose such
restrictions pursuant to the Option Plan, PUP Plan and Equity Incentive Plan
(collectively, the "Plan Agreements"), the forms of which are included as
Exhibits E, G, K, L, M, N, O and P hereto, and the following description is
qualified in its entirety by reference to such Agreements.
Each of the individuals listed on the cover sheets to this report and
Appendix A hereto is a party to one or more of the Stockholders' Agreement and
the Plan Agreements.
Pursuant to the voting restrictions contained in the Stockholders'
Agreement and the Plan Agreements, the Reporting Persons, prior to any vote of
the stockholders of the Company at a meeting called with respect to any
corporate action or before action is taken by written consent, may vote all
Shares subject to the voting restrictions in a preliminary vote in such manner
as each Reporting Person may determine in his sole discretion (the "Preliminary
Vote"). At the subsequent stockholders' meeting or in connection with any action
taken by written consent, the Reporting Persons must then vote all such Shares
on the matter at issue in accordance with the vote of the majority of the Shares
present and voting in the Preliminary Vote. Reporting Persons who cease to be
employed by the Company or any of its subsidiaries on or prior to the date of
the Preliminary Vote do not participate in the Preliminary Vote.
The Stockholders' Agreement presently permits each Reporting Person to
dispose of Recapitalization Shares and/or Shares acquired pursuant to the Option
Plan and PUP Plan (together with the Recapitalization Shares, "Total Restricted
Stock") in the following amounts:
% of Total Restricted Stock
Age at Date of Sale Permitted to be Sold
------------------- ---------------------------
35 through 38 10%
39 through 42 Additional 10%
<PAGE>
43 through 46 Additional 10%
47 through 49 Additional 10%
50 and above Additional 10%
If a Reporting Person ceases to be an employee of the Company or any of its
subsidiaries, the Stockholders' Agreement permits such Reporting Person to
dispose of his Recapitalization Shares without restriction. Reporting Persons
may dispose of Recapitalization Shares at any time, in any amount, regardless of
the foregoing restrictions, with the consent of the Board of Directors of the
Company.
The transfer restrictions contained in the Option Agreements (excluding
U.K. Approved Options) permit the transfer, at any time, without restriction, of
only that number of Shares having a value equal to the excess of the fair market
value (as of the date of exercise) of the Shares acquired upon exercise over the
aggregate amount paid upon exercise multiplied by the highest statutory federal,
state, local and foreign tax rates at the time of exercise (but in no event
greater than 50% of such excess). The balance of the Shares acquired upon the
exercise of such Options will be transferable only in accordance with a
schedule, substantially similar to that contained in the Stockholders'
Agreement, that permits the transfer of a number of such Shares representing a
specified percentage of the total number of Shares held by the optionee that are
subject to restrictions and according to the optionee's age. If a Reporting
Person ceases to be an employee of the Company or any of its subsidiaries, these
transfer restrictions will no longer apply to Shares acquired pursuant to the
Option Plan.
Except for Performance Units awarded to employees in the United Kingdom,
Performance Units that have been awarded through the date hereof provide that
Shares received thereunder will be transferable only in accordance with a
schedule, substantially similar to that contained in the Stockholders'
Agreement, that permits the transfer of a number of such Shares representing a
specified percentage of the total number of Shares held by the recipient that
are subject to restrictions and according to the recipient's age. If a Reporting
Person ceases to be an employee of the Company or any of its subsidiaries, these
transfer restrictions will no longer apply to the Shares acquired pursuant to
the PUP Plan.
With respect to awards made under the Equity Incentive Plan, a participant
will vest in any Stock Awards, Stock Unit Awards or Option Awards, the
restrictions on the transferability of Stock Awards will lapse and any options
awarded will become exercisable all in accordance with a schedule established by
the Compensation Committee. The Compensation Committee may, however, accelerate
the vesting of any award, the lapse of restrictions on the transferability of
any Stock Award and the date on which any option awarded first becomes
exercisable. Prior to vesting and the lapse of restrictions on transferability,
none of the Shares awarded may be sold, assigned, exchanged or transferred,
pledged, hypothecated or otherwise disposed of or encumbered. Stock Units,
whether vested or unvested, are also subject to forfeiture in circumstances
specified by the Compensation Committee.
The U.K. Profit Sharing Plan provides that Shares awarded to the
participants are held by a trustee in the name and on behalf of each participant
for a period of two years from the date of such award (the "Retention Period").
Each participant is fully vested in, and is the beneficial owner of, the shares
held on his behalf as of the award date of the Shares. During the Retention
Period, a participant may not assign, pledge or otherwise dispose of such
<PAGE>
Shares; however, a participant is able to instruct the trustee how to vote such
Shares on his behalf.
Separately Acquired Shares are not subject to any voting or disposition
restrictions.
Item 7. Material to be Filed as Exhibits.
--------------------------------
Certain of the following exhibits, as indicated parenthetically, were
previously filed as exhibits to registration statements or reports filed by the
Company under the Securities Act of 1933 or the Securities Exchange Act of 1934,
respectively, and are hereby incorporated by reference to such statements or
reports.
Exhibit A Stockholders' Agreement dated February 14, 1986 among the Reporting
Persons and the Company (Annual Report on Form 10-K for the fiscal
year ended January 31, 1993).
Exhibit B Morgan Stanley Group Inc. Performance Unit Plan, as amended and
restated to date (Annual Report on Form 10-K for the fiscal year ended
January 31, 1993).
Exhibit C Morgan Stanley Group Inc. 1986 Stock Option Plan, as amended and
restated to date (Annual Report on Form 10-K for the fiscal year ended
January 31, 1993).
Exhibit D Trust Deed and Rules of the Morgan Stanley International Profit
Sharing Scheme (approved under the Finance Act 1978 as amended), dated
12 November, 1987, of Morgan Stanley Group Inc., Morgan Stanley
International and Noble Lowndes Settlement Trustees Limited (Annual
Report on Form 10-K for the fiscal year ended January 31, 1993).
Exhibit E Form of Award Agreement Under the Morgan Stanley Group Inc.
Performance Unit Plan (Registration Statement on Form S-8 (No. 33-
42464)).
Exhibit F UK Form of Award Agreement Under the Morgan Stanley Group Inc.
Performance Unit Plan (Registration Statement on Form S-8 (No. 33-
42464)).
Exhibit G Form of Nonqualified Stock Option Agreement Under the Morgan Stanley
Group Inc. 1986 Stock Option Plan (Registration Statement on Form S-8
(No. 33-42464)).
Exhibit H Morgan Stanley Group Inc. UK Approved Stock Option Scheme, as amended
and restated to date (Annual Report on Form 10-K for the fiscal year
ended January 31, 1993).
Exhibit I Form of Morgan Stanley Group Inc. UK Approved Stock Option Agreement
(Registration Statement on Form S-8 (No. 33-42464)).
Exhibit J Morgan Stanley Group Inc. 1988 Equity Incentive Compensation Plan, as
amended and restated to date (Annual Report on Form 10-K for the
fiscal year ended January 31, 1993).
Exhibit K Form of Convertible Unit Agreement Under the Morgan Stanley Group Inc.
1988 Equity Incentive Compensation Plan (Previously filed with
Schedule 13D dated May 12, 1989).
Exhibit L Form of Stock Restriction Agreement Under the Morgan
Stanley Group Inc. 1988 Equity Incentive Compensation Plan
(Registration Statement on Form S-8 (No. 33-42464)).
Exhibit M Form of Option Agreement Under the Morgan Stanley Group Inc. 1988
Equity Incentive Compensation Plan (Previously filed with Schedule 13D
dated May 12, 1989).
Exhibit N Form of Stock Unit Certificate Under the Morgan Stanley Group Inc.
1988 Equity Incentive Compensation Plan (Previously filed as Exhibit V
with Amendment No. 5 to Schedule 13D dated December 31, 1990).
Exhibit O Form of Stock Option Certificate Under the Morgan Stanley Group Inc.
1988 Equity Incentive Compensation Plan (Previously filed as Exhibit W
with Amendment No. 5 to Schedule 13D dated December 31, 1990).
Exhibit P Form of Voting Agreement Under the Morgan Stanley Group Inc. 1988
Equity Incentive Compensation Plan (Previously filed as Exhibit X with
Amendment No. 5 to Schedule 13D dated December 31, 1990).
Exhibit Q Trust Agreement between Morgan Stanley Group Inc. and State Street
Bank and Trust Company dated March 5, 1991 (Annual Report on Form 10-K
for the fiscal year ended January 31, 1993).
Exhibit R Voting Agreement among Morgan Stanley Group Inc., State Street Bank
and Trust Company and Other Persons Signing Similar Agreements dated
March 5, 1991 (Previously filed as Exhibit Z with Amendment No. 7 to
Schedule 13D dated March 14, 1991).
<PAGE>
Schedule I
RIGHTS TO ACQUIRE SHARES
------------------------
As of May 23, 1994 (60 days from March 24, 1994), 849 Reporting Persons
have the right to acquire 4,986,931 Shares pursuant to the exercise of Options.
No Reporting Person individually has Options presently exercisable covering more
than 1% of the Shares outstanding as of the date hereof.
Schedule II
RECENT TRANSACTIONS
-------------------
During the last 60 days, 15 Reporting Persons effected a transfer by gift of an
aggregate of 14,950 shares of Morgan Stanley Group Inc. common stock. During
such period, no Reporting Person acquired Shares in excess of 1% the Shares
outstanding.
<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.
Date: March 22, 1994
By: /s/ Jonathan M. Clark
------------------------
Jonathan M. Clark
Attorney-in-Fact
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