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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
TELE-COMMUNICATIONS, INC.
(Name of Issuer)
Class B 6% Cumulative Redeemable Exchangeable
Junior Preferred Stock, $ .01 par value
(Title of Class of Securities)
87924V-30-9
(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
(Continued on following pages(s))
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SCHEDULE 13G
CUSIP NO. 87924V-30-9
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1) Name of Reporting Person Salomon Brothers Inc
S.S. or I.R.S Identification 13-3082694
No. of Above Person
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2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 100,142
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 100,142
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person 100,142
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10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 6.2%
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12) Type of Reporting Person BD
(See Instructions)
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SCHEDULE 13G
CUSIP NO. 87924V-30-9
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1) Name of Reporting Person Salomon Brothers Holding Company Inc
S.S. or I.R.S Identification 13-3082695
No. of Above Person
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2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 100,142
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 100,142
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person 100,142
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10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 6.2%
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12) Type of Reporting Person CO
(See Instructions)
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SCHEDULE 13G
CUSIP NO. 87924V-30-9
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1) Name of Reporting Person Salomon Smith Barney Holdings Inc.
S.S. or I.R.S Identification 22-1660266
No. of Above Person
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2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 100,156
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 100,156
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person
100,156
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10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 6.2%
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12) Type of Reporting Person CO
(See Instructions)
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SCHEDULE 13G
CUSIP NO. 87924V-30-9
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1) Name of Reporting Person Travelers Group Inc.
S.S. or I.R.S Identification 52-1568099
No. of Above Person
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2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 100,156
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 100,156
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person 100,156
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10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 6.2%
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12) Type of Reporting Person HC
(See Instructions)
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Travelers Group Inc. and certain of its subsidiaries hereby amend the
Statement on Schedule 13G of Salomon Inc, dated July 31, 1996, relating to the
Class B Cumulative Redeemable Exchangeable Junior Preferred Stock, $.01 par
value, of Tele-Communications, Inc. On November 28, 1997, Salomon Inc became
a wholly owned subsidiary of Travelers Group Inc. and changed its name to
Salomon Smith Barney Holdings Inc.
Item 1(a) Name of Issuer:
Tele-Communications, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
5619 DTC Parkway
Englewood, Colorado 80111
Item 2(a) Names of Persons Filing:
Salomon Brothers Inc ("SBR")
Salomon Brothers Holding Company Inc ("SBHC")
Solomon Smith Barney Holdings Inc. ("SSB Holdings")
Travelers Group Inc. ("TRV")
Item 2(b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of each of SBR, SBHC, SSB
Holdings and TRV is:
388 Greenwich Street
New York, New York 10013
Item 2(c) Citizenship:
SBR, SBHC, SSB Holdings and TRV are Delaware corporations.
Item 2(d) Title of Class of Securities:
Class B 6% Cumulative Redeemable Exchangeable
Junior Preferred Stock, $ .01 par value
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Item 2(e) CUSIP Number:
87924V-30-9
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ X ] Broker or Dealer registered under Sec. 15 of the Act
(b) [ ] Bank as defined in Sec. 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Sec. 3(a)(19) of the Act
(d) [ ] Investment Company registered under Sec. 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under Sec. 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see
Sec. 240.13d-1(b)(1)(ii)(F)
(g) [ x ] Parent Holding Company, in accordance with Sec. 240.13d-
1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership (as of November 30, 1997)
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
See Items 5-8 of cover pages
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Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
SBHC is the sole stockholder of SBR; SSB Holdings is the sole stockholder
of SBHC; and TRV is the sole stockholder of SSB Holdings.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
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Item 10. Certification
By signing below I certify that, to the best of my knowledge, the
securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
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: December 8, 1997
SOLOMON BROTHERS INC
By: /s/ Stephanie B. Mudick
--------------------------------------------
Name: Stephanie B. Mudick
Title: Assistant Secretary
SALOMON BROTHERS HOLDING COMPANY INC
By: /s/ Stephanie B. Mudick
--------------------------------------------
Name: Stephanie B. Mudick
Title: Assistant Secretary
SALOMON SMITH BARNEY HOLDINGS INC.
By: /s/ Howard M. Darmstadter
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Name: Howard M. Darmstadter
Title: Assistant Secretary
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TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
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Name: Charles J. Gallo, Jr.
Title: Assistant Controller
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EXHIBIT INDEX TO SCHEDULE 13G
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EXHIBIT 1
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Agreement among SBR, SBHC, SSB Holdings and TRV as to joint filing of
Schedule 13G
EXHIBIT 2
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Disclaimer of beneficial ownership by SSB Holdings and TRV
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EXHIBIT 1
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AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G
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Each of the undersigned hereby affirms that it is individually eligible to use
Schedule 13G, and agrees that this Schedule 13G is filed on its behalf.
Date: December 8, 1997
SALOMON BROTHERS INC
By: /s/ Stephanie B. Mudick
--------------------------------------------
Name: Stephanie B. Mudick
Title: Assistant Secretary
SALOMON BROTHERS HOLDING COMPANY INC
By: /s/ Stephanie B. Mudick
--------------------------------------------
Name: Stephanie B. Mudick
Title: Assistant Secretary
SALOMON SMITH BARNEY HOLDINGS INC.
By: /s/ Howard M. Darmstadter
--------------------------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
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EXHIBIT 2
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DISCLAIMER OF BENEFICIAL OWNERSHIP
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Each of the undersigned disclaims beneficial ownership of the securities
referred to in the Schedule 13G to which this exhibit is attached, and the
filing of this Schedule 13G shall not be construed as an admission that any
of the undersigned is, for the purpose of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, as amended, the beneficial owner of any
securities covered by this Schedule 13G.
Date: December 8, 1997
SALOMON SMITH BARNEY HOLDINGS INC.
By: /s/ Howard M. Darmstadter
---------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
---------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
