<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
The Geon Compny
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
-------------------------------------------------------------------------------
(Title of Class of Securities)
37246W-10-5
-------------------------------------------------------------------------------
(CUSIP Number)
-------------------------------------------------------------------------------
Joseph B. Wollard, Esq.
Citigroup Inc.
425 Park Avenue, 3rd Floor
New York, NY 10043
(212) 559-1000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July 11, 2000
-------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
*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).
<PAGE>
--------------------- ----------------------------
CUSIP NO. 37246W-10-5 SCHEDULE 13D PAGE 1 OF 25 PAGES
------------- ----- ----
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Tribeca Investments, L.L.C. ("Tribeca Investments")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) /_/
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 37,000
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
37,000
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /_/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.15%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ----------------------------
CUSIP NO. 37246W-10-5 SCHEDULE 13D PAGE 2 OF 25 PAGES
------------- ----- ----
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Tribeca Management, L.L.C. ("Tribeca Management")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) /_/
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 37,000**
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
37,000**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,000**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /_/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.15%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by Tribeca Investments.
<PAGE>
--------------------- ----------------------------
CUSIP NO. 37246W-10-5 SCHEDULE 13D PAGE 3 OF 25 PAGES
------------- ----- ----
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Travelers Insurance Company ("TIC")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) /_/
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 37,000**
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
37,000**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,000**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /_/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.15%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by Tribeca Investments.
<PAGE>
--------------------- ----------------------------
CUSIP NO. 37246W-10-5 SCHEDULE 13D PAGE 4 OF 25 PAGES
------------- ----- ----
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Travelers Insurance Group Inc. ("TIGI")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) /_/
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 37,000**
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
37,000**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,000**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /_/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.15%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by Tribeca Investments.
<PAGE>
--------------------- ----------------------------
CUSIP NO. 37246W-10-5 SCHEDULE 13D PAGE 5 OF 25 PAGES
------------- ----- ----
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PFS Services, Inc. ("PFS")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) /_/
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 37,000**
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
37,000**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,000**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /_/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.15%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by Tribeca Investments.
<PAGE>
--------------------- ----------------------------
CUSIP NO. 37246W-10-5 SCHEDULE 13D PAGE 6 OF 25 PAGES
------------- ----- ----
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Associated Madison Companies, Inc. ("AMAD")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) /_/
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 37,000**
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
37,000**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,000**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /_/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.15%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by Tribeca Investments.
<PAGE>
--------------------- ----------------------------
CUSIP NO. 37246W-10-5 SCHEDULE 13D PAGE 7 OF 25 PAGES
------------- ----- ----
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Salomon Smith Barney Holdings Inc. ("SSBH")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS* AF, OO (See Item 3)
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) /_/
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 1,466,014**
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,466,014**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,466,014**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /_/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents shares directly beneficially owned by subsidiaries of SSBH.
<PAGE>
--------------------- ----------------------------
CUSIP NO. 37246W-10-5 SCHEDULE 13D PAGE 8 OF 25 PAGES
------------- ----- ----
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Citigroup Inc. ("Citigroup")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) X
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS* AF, OO (See Item 3)
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) /_/
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON
WITH 1,503,014**
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,503,014**
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,503,014**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /_/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, HC
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents 37,000 shares directly beneficially owned by Tribeca Investments
and 1,466,014 shares beneficially owned by other subsidiaries of Citigroup.
<PAGE>
SCHEDULE 13D
Item 1. SECURITY AND ISSUER.
The title of the class of equity securities to which this
statement relates is common stock (the "Common Stock") of The Geon Company
(the "Company"). The principal executive offices of the Company are
located at One Geon Center, Avon Lake, Ohio 44012.
Item 2. IDENTITY AND BACKGROUND.
Pursuant to Rule 13d-1(k)(1) of Regulation 13D-G of the Rules
and Regulations under the Securities Exchange Act of 1934, as amended (the
"Act"), the undersigned hereby file this Schedule 13D Statement on behalf
of Tribeca Investments, L.L.C., a Delaware limited liability company
("Tribeca Investments"), Tribeca Management, L.L.C., a Delaware limited
liability company ("Tribeca Management"), The Travelers Insurance Company
a Connecticut corporation ("TIC"), Travelers Insurance Group Inc., a
Delaware corporation ("TIGI"), PFS Services, Inc., a Georgia corporation
("PFS"), Associated Madison Companies, Inc., a Delaware corporation
("AMAD"), Salomon Smith Barney Holdings Inc., a New York corporation
("SSBH"), and Citigroup Inc., a Delaware corporation ("Citigroup") (each,
a "Reporting Person" and collectively, the "Reporting Persons").
TRIBECA INVESTMENTS
(a) Name: Tribeca Investments, L.L.C.
(b) Address of Principal Place of Business and Office:
399 Park Avenue, New York, New York 10043
(c) Principal Business: Broker dealer engaged in risk
arbritrage, convertible hedging and distressed
investing.
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Place of Organization: Delaware
Officers and Directors: See Exhibit A attached hereto, which is
incorporated herein by reference with respect to each executive officer
and director of Tribeca Investments.
TRIBECA MANAGEMENT
(a) Name: Tribeca Management, L.L.C.
(b) Address of Principal Place of Business and Office:
399 Park Avenue, New York, New York 10043
(c) Principal Business: Investment adviser
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Place of Organization: Delaware
Page 9 of 25 Pages
<PAGE>
TIC
(a) Name: The Travelers Insurance Company
(b) Address of Principal Place of Business and Office:
One Tower Square, Hartford, Connecticut 06183
(c) Principal Business: Insurance company
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Place of Organization: Connecticut
TIGI
(a) Name: Travelers Insurance Group Inc.
(b) Address of Principal Place of Business and Office:
One Tower Square, Hartford, Connecticut 06183
(c) Principal Business: Holding company for insurance
company subsidiaries
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Place of Organization: Delaware
PFS
(a) Name: PFS Services, Inc.
(b) Address of Principal Place of Business and Office:
3120 Breckinridge Boulevard, Duluth, Georgia 30199
(c) Principal Business: Holding company for insurance
company subsidiaries
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Place of Organization: Georgia
AMAD
(a) Name: Associated Madison Companies, Inc.
(b) Address of Principal Place of Business and Office:
153 East 53rd Street, New York, New York, 10043
(c) Principal Business: Holding company for insurance
company subsidiaries
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Place of Organization: New York
SSBH
(a) Name: Salomon Smith Barney Holdings Inc.
Page 10 of 25 Pages
<PAGE>
(b) Address of Principal Place of Business and Office:
388 Greenwich Street, New York, New York, 10013
(c) Principal Business: Financial services holding
company
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Place of Organization: New York
CITIGROUP
(a) Name: Citigroup Inc.
(b) Address of Principal Place of Business and Office:
153 East 53rd Street, New York, New York, 10043
(c) Principal Business: Financial services holding
company
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Place of Organization: Delaware
Officers and Directors: See Exhibit B attached hereto, which is
incorporated herein by reference with respect to each executive officer
and director of Citigroup.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
As set forth in detail below, Tribeca Investments purchased 37,000 shares
of Common Stock (the "Tribeca Shares") for $707,950 in open market
transactions during the period June 19 to June 28, 2000. The source of
funds for the purchase of the Tribeca Shares was the working capital of
Tribeca Investments.
<TABLE>
<CAPTION>
TRADE DATE NUMBER OF SHARES PRICE PER SHARE
---------- ---------------- ---------------
<S> <C> <C>
6/19/2000 5,000 $ 19.135
6/19/2000 10,000 $ 19.01
6/19/2000 5,000 $ 19.255
6/19/2000 5,000 $ 19.26
6/20/2000 10,000 $ 19.0725
6/28/2000 2,000 $ 19.4375
</TABLE>
Except for the Tribeca Shares, all interests, direct and indirect, in the
Common Stock reported in this Schedule 13D were acquired by certain
subsidiaries of Citigroup for managed accounts with funds provided by
third party customers.
Item 4. PURPOSE OF TRANSACTION.
Tribeca Investments acquired the Tribeca Shares as part of a proprietary
risk arbitrage strategy and not with the purpose or effect of changing or
influencing control of the Company. Tribeca Management is an affiliate of
Tribeca Investments
Page 11 of 25 Pages
<PAGE>
and manages, on a discretionary basis, the assets of Tribeca Investments;
as such, Tribeca Management has shared voting and dispositive power over
the Tribeca Shares. Citigroup became the beneficial owner of more than
five percent of the Company's Common Stock on July 11, 2000 as a result of
acquisitions by subsidiaries of SSBH for managed accounts. With the
exception of the Tribeca Shares, Citigroup and its subsidiaries acquired
the Common Stock covered by this Schedule 13D in the ordinary course of
their respective businesses and hold the shares of Common Stock in managed
accounts for the benefit of third parties.
Depending on market conditions and other factors (including evaluation of
the Company's businesses and prospects, availability of funds, alternative
uses of funds and general economic conditions), Citigroup and its
subsidiaries may from time to time purchase additional securities of the
Company and dispose of all or a portion of such securities.
Except as described in this Item 4, none of the Reporting Persons or, to
the best knowledge of such persons, any of the persons named in Exhibits A
or B to this Schedule 13D, has formulated any plans or proposals which
relate to or would result in: (a) the acquisition by any person of
additional securities of the Company or the disposition of securities of
the Company; (b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its
subsidiaries; (c) a sale or transfer of a material amount of assets of the
Company or any of its subsidiaries; (d) any change in the present Board of
Directors or management of the Company, including any plans or proposals
to change the number or term of directors or to fill any existing
vacancies on the Board; (e) any material change in the present
capitalization or dividend policy of the Company; (f) any other material
change in the Company's business or corporate structure; (g) any changes
in the Company's charter or by-laws or other actions which may impede the
acquisition of control of the Company by any person; (h) causing a class
of securities of the Company to be delisted from a national securities
exchange or to cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities association; (i)
causing a class of equity securities of the Company to become eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) any action similar to those enumerated above.
Item 5. INTEREST IN SECURITIES OF THE COMPANY.
(a-b) The percentages calculated in this Item 5 are based upon 23,832,625
shares of Common Stock outstanding, as stated in the Company's Form 10-Q
for the quarter ended March 31, 2000.
TRIBECA INVESTMENTS
As of the close of business on July 18, 2000, Tribeca Investments directly
beneficially owned 37,000 shares of the Company's Common Stock. The
following information is being provided as of such time with respect to
Tribeca Investments' beneficial ownership of the Company's Common Stock.
(a) Amount Beneficially Owned: 37,000
Page 12 of 25 Pages
<PAGE>
(b) Percent of Class: 0.15%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or direct the vote 37,000
(iii) sole power to dispose or to direct the
disposition of 0
(iv) shared power to dispose or to direct the
disposition of 37,000
TRIBECA MANAGEMENT
As noted in Item 4, Tribeca Management is an affiliate of and manages
assets on a discretionary basis for Tribeca Investments. The following
information is being provided as of the close of business on July 18, 2000
with respect to Tribeca Management's beneficial ownership of the Company's
Common Stock.
(a) Amount Beneficially Owned: 37,000
(b) Percent of Class: 0.15%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or direct the vote 37,000
(iii) sole power to dispose or to direct the disposition
of 0
(iv) shared power to dispose or to direct the
disposition of 37,000
TIC
TIC is the parent company of Tribeca Investments and Tribeca Management.
The following information is being provided as of the close of business on
July 18, 2000 with respect to TIC's beneficial ownership of the Company's
Common Stock.
(a) Amount Beneficially Owned: 37,000
(b) Percent of Class: 0.15%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or direct the vote 37,000
(iii) sole power to dispose or to direct the disposition
of 0
(iv) shared power to dispose or to direct the
disposition of 37,000
TIGI
TIGI is the parent company of TIC. The following information is being
provided as of the close of business on July 18, 2000 with respect to
TIGI's beneficial ownership of the Company's Common Stock.
(a) Amount Beneficially Owned: 37,000
(b) Percent of Class: 0.15%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or direct the vote 37,000
Page 13 of 25 Pages
<PAGE>
(iii) sole power to dispose or to direct the disposition
of 0
(iv) shared power to dispose or to direct the
disposition of 37,000
PFS
PFS is the parent company of TIGI. The following information is being
provided as of the close of business on July 18, 2000 with respect to
PFS's beneficial ownership of the Company's Common Stock.
(a) Amount Beneficially Owned: 37,000
(b) Percent of Class: 0.15%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or direct the vote 37,000
(iii) sole power to dispose or to direct the disposition
of 0
(iv) shared power to dispose or to direct the
disposition of 37,000
AMAD
AMAD is the parent company of PFS. The following information is being
provided as of the close of business on July 18, 2000 with respect to
AMAD's beneficial ownership of the Company's Common Stock.
(a) Amount Beneficially Owned: 37,000
(b) Percent of Class: 0.15%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or direct the vote 37,000
(iii) sole power to dispose or to direct the disposition
of 0
(iv) shared power to dispose or to direct the
disposition of 37,000
SSBH
The following information is being provided as of the close of business on
July 18, 2000 with respect to SSBH's beneficial ownership of the Company's
Common Stock.
(a) Amount Beneficially Owned: 1,466,014
(b) Percent of Class: 6.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or direct the vote 1,466,014
(iii) sole power to dispose or to direct the
disposition of 0
(iv) shared power to dispose or to direct the
disposition of 1,466,014
The shares beneficially owned by SSBH reflect shares directly
beneficially owned by certain subsidiaries of SSBH, none of which
holds more than five percent of the Company's Common Stock.
Page 14 of 25 Pages
<PAGE>
CITIGROUP
Citigroup is the parent company of AMAD and SSBH. The following
information is being provided as of the close of business on July 18, 2000
with respect to Citigroup's beneficial ownership of the Company's Common
Stock.
(a) Amount Beneficially Owned: 1,503,014
(b) Percent of Class: 6.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or direct the vote 1,503,014
(iii) sole power to dispose or to direct the
disposition of 0
(iv) shared power to dispose or to direct the
disposition of 1,503,014
The shares beneficially owned by Citigroup reflect the Tribeca Shares
directly beneficially owned by Tribeca Investments and 1,466,014
shares directly beneficially owned by certain other subsidiaries of
Citigroup.
By reason of their relationship, Citigroup, AMAD, PFS, TIGI, TIC, Tribeca
Management and Tribeca Investments may be deemed to share voting and
dispositive power with respect to the Tribeca Shares. To the best
knowledge of each Reporting Person, none of its executive officers or
directors owned any securities of the Company as of the close of business
on July 18, 2000.
(c) To the best knowledge of the Reporting Persons, and except as
described in the preceding paragraph and in Item 3, none of the Reporting
Persons or, to the best knowledge of such persons, any person named in
Exhibit A or Exhibit B of this Schedule 13D, has effected any proprietary
transactions in the Company's Common Stock during the period which
commenced sixty (60) days prior to the date of the event which triggered
the filing of this Schedule 13D and ends on the date of the filing of this
Schedule 13D.
(d) Not applicable.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE COMPANY.
Except as set forth above and in Items 3, 4, and 5 of this Schedule 13D,
to the best knowledge of the Reporting Persons, no contracts,
arrangements, understandings or relationships (legal or otherwise) exist
among the persons named in Item 2 or between such persons and any other
person with respect to the securities of the Company.
Page 15 of 25 Pages
<PAGE>
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
<TABLE>
<CAPTION>
EXHIBIT DESCRIPTION
------- -----------
<S> <C>
A Officers and Directors of Tribeca Investments, L.L.C.
B Officers and Directors of Citigroup Inc.
C Consent to Joint Filing of Schedule 13D pursuant to
Rule 13d-1(k) of the Act.
</TABLE>
Page 16 of 25 Pages
<PAGE>
SIGNATURES
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: July 21, 2000
TRIBECA INVESTMENTS, L.L.C.
By: /s/ ANDREW FELDMAN
-----------------------------------
Name: Andrew Feldman
Title: Secretary
TRIBECA MANAGEMENT, L.L.C.
By: /s/ ANDREW FELDMAN
-----------------------------------
Name: Andrew Feldman
Title: Secretary
THE TRAVELERS INSURANCE COMPANY
By: /s/ MILLIE KIM
-----------------------------------
Name: Millie Kim
Title: Assistant Secretary
TRAVELERS INSURANCE GROUP INC.
By: /s/ JOSEPH B. WOLLARD
-----------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
PFS SERVICES, INC.
By: /s/ JOSEPH B. WOLLARD
-----------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Page 17 of 25 Pages
<PAGE>
ASSOCIATED MADISON COMPANIES, INC.
By: /s/ JOSEPH B. WOLLARD
-----------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
SALOMON SMITH BARNEY HOLDINGS INC.
By: /s/ HOWARD DARMSTADTER
-----------------------------------
Name: Howard Darmstadter
Title: Assistant Secretary
CITIGROUP INC.
By: /s/ JOSEPH B. WOLLARD
-----------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Page 18 of 25 Pages
<PAGE>
EXHIBIT A
EXECUTIVE OFFICERS AND DIRECTORS OF TRIBECA INVESTMENTS, L.L.C.
Set forth below are the names, titles, business addresses, principal
occupations and citizenship of the Executive Officers and Directors of
Tribeca Investments, L.L.C.
NAME, TITLE AND CITIZENSHIP PRINCIPAL OCCUPATION AND BUSINESS ADDRESS
--------------------------- -----------------------------------------
Marc P. Weill Head of Citigroup Investments
Director Citigroup Inc.
United States 153 East 53rd St., 4th Floor
New York, NY 10043
William H. Heyman Chief Executive Officer and President
Executive Officer Tribeca Investments, L.L.C.
United States 399 Park Avenue, 7th Floor
New York, NY 10043
Craig Jarvis Chief Financial Officer and Treasurer
Executive Officer Tribeca Investments, L.L.C.
United States 399 Park Avenue, 7th Floor
New York, NY 10043
Page 19 of 25 Pages
<PAGE>
EXHIBIT B
EXECUTIVE OFFICERS AND DIRECTORS OF CITIGROUP INC.
Set forth below are the names, titles, business addresses, principal
occupations and citizenship of the Executive Officers and Directors of
Citigroup.
NAME, TITLE AND CITIZENSHIP PRINCIPAL OCCUPATION AND BUSINESS ADDRESS
--------------------------- -----------------------------------------
C. Michael Armstrong Chairman & Chief Executive Officer
Director AT&T Corporation
United States 295 North Maple Avenue, Room 4353L
Basking Ridge, NJ 07920
Alain J. P. Belda President & Chief Executive Officer
Director Alcoa Inc.
Brazil 201 Isabella Street, Floor 6J12
Pittsburgh, PA 15212-5858
Kenneth J. Bialkin Partner
Director Skadden, Arps, Slate, Meagher & Flom
United States 919 Third Avenue
New York, NY 10022
Kenneth T. Derr Chairman & Chief Executive Officer
Director Chevron Corporation
United States 575 Market Street, 40th fl
San Francisco, CA 94105
John M. Deutch Institute Professor
Director Massachusetts Institute of Technology
United States 77 Massachusetts Avenue, Room 6-208
Cambridge, MA 02139
The Honorable Gerald R. Ford Former President of the United States
Honorary Director 40365 Sand Dune Road
United States Rancho Mirage, CA 92270
Ann Dibble Jordan Consultant
Director 2940 Benton Place, N.W.
United States Washington, DC 20008-2718
Reuben Mark Chairman and Chief Executive Officer
Director Colgate-Palmolive Company
United States 300 Park Avenue
New York, NY 10022-7499
Page 20 of 25 Pages
<PAGE>
NAME, TITLE AND CITIZENSHIP PRINCIPAL OCCUPATION AND BUSINESS ADDRESS
--------------------------- -----------------------------------------
Michael T. Masin Vice Chairman and President - International
Director GTE Corporation
United States 1255 Corporate Drive
Mail Code SVC06C30
Irving, TX 75038
Dudley C. Mecum Managing Director
Director Capricorn Management
United States 30 East Elm Street
Greenwich, CT 06830
Richard D. Parsons President
Director Time Warner Inc.
United States 75 Rockefeller Plaza, 29th fl
New York, NY 10019
Andrall E. Pearson Chairman & Chief Executive Officer
Director TRICON Global Restaurants, Inc.
United States 660 Steamboat Road
Greenwich, CT 06830
Robert E. Rubin Member of the Office of the Chairman
Director and Citigroup Inc.
Executive Officer 153 East 53rd Street, 4th fl
United States New York, NY 10043
Franklin A. Thomas Former President
Director The Ford Foundation
United States 595 Madison Avenue, 33rd fl
New York, NY 10022
Sanford I. Weill Chairman and Co-Chief Executive Officer
Director and Citigroup Inc.
Executive Officer 153 East 53rd Street, 4th fl
United States New York, NY 10043
Edgar S. Woolard, Jr. Former Chairman & Chief Executive Officer
Director E.I. du Pont de Nemours & Company
United States 1007 Market Street
Wilmington, DE 19898
Page 21 of 25 Pages
<PAGE>
NAME, TITLE AND CITIZENSHIP PRINCIPAL OCCUPATION AND BUSINESS ADDRESS
--------------------------- -----------------------------------------
Arthur Zankel General Partner
Director High Rise Partners, LP
United States 535 Madison Avenue
New York, NY 10022
Michael A. Carpenter Co-Chief Executive Officer
Executive Officer Global Corporate and Investment Bank
United States Citigroup Inc.
399 Park Avenue, 2nd fl
New York, NY 10043
Paul J. Collins Vice Chairman
Executive Officer Citigroup Inc.
United States 153 East 53rd St., 4th fl
New York, NY 10043
Michael D'Ambrose Senior Human Resources Officer
Executive Officer Citigroup Inc.
United States 153 East 53rd St., 4th fl
New York, NY 10043
Jay S. Fishman President & CEO
Executive Officer Travelers Property Casualty Corp.
United States One Tower Square, 8GS
Hartford, CT 06183
Edward D. Horowitz Citigroup Inc.
Executive Officer 153 East 53rd St., 4th fl
United States New York, NY 10043
Thomas Wade Jones Co-Chairman & CEO
Executive Officer SSB Asset Management Group
United States 153 East 53rd St., 4th fl
New York, NY 10043
Robert I. Lipp Chairman & CEO
Executive Officer Global Consumer Business
United States Citigroup Inc.
153 East 53rd St., 4th fl
New York, NY 10043
Page 22 of 25 Pages
<PAGE>
NAME, TITLE AND CITIZENSHIP PRINCIPAL OCCUPATION AND BUSINESS ADDRESS
--------------------------- -----------------------------------------
Deryck C. Maughan Vice Chairman
Executive Officer Citigroup Inc.
United Kingdom 153 East 53rd St., 4th fl
New York, NY 10043
Victor J. Menezes Co-Chief Executive Officer
Executive Officer Global Corporate and Investment Bank
India Citigroup Inc.
399 Park Avenue, 2nd fl
New York, NY 10043
Charles O. Prince, III General Counsel/Corporate Secretary
Executive Officer Citigroup Inc.
United States 153 East 53rd St., 4th fl
New York, NY 10043
William R. Rhodes Vice Chairman
Executive Officer Citigroup Inc.
United States 399 Park Avenue, 2nd fl
New York, NY 10043
Petros Sabatacakis Senior Risk Officer
Executive Officer Citigroup Inc.
United States 153 East 53rd Street
New York, NY 10043
Todd S. Thomson Chief Financial Officer
Executive Officer Citigroup Inc.
United States 153 East 53rd St., 4th fl
New York, NY 10043
Marc P. Weill Head of Citigroup Investments
Executive Officer Citigroup Inc.
United States 153 East 53rd St., 4th fl
New York, NY 10043
Robert B. Willumstad Chairman
Executive Officer CitiFinancial Credit Company
United States 153 East 53rd St., 5th fl
New York, NY 10043
Page 23 of 25 Pages
<PAGE>
EXHIBIT C
CONSENT TO JOINT FILING OF SCHEDULE 13D
Pursuant to Rule 13d-1(k)(1)(iii) of Regulation D of the Rules and
Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the attached
Schedule 13D is, and any future amendments thereto may be, filed on behalf
of each of us.
Dated: July 21, 2000
TRIBECA INVESTMENTS, L.L.C.
By: /s/ ANDREW FELDMAN
-----------------------------------
Name: Andrew Feldman
Title: Secretary
TRIBECA MANAGEMENT, L.L.C.
By: /s/ ANDREW FELDMAN
-----------------------------------
Name: Andrew Feldman
Title: Secretary
THE TRAVELERS INSURANCE COMPANY
By: /s/ MILLIE KIM
-----------------------------------
Name: Millie Kim
Title: Assistant Secretary
TRAVELERS INSURANCE GROUP INC.
By: /s/ JOSEPH B. WOLLARD
-----------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Page 24 of 25 Pages
<PAGE>
PFS SERVICES, INC.
By: /s/ JOSEPH B. WOLLARD
-----------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
ASSOCIATED MADISON COMPANIES, INC.
By: /s/ JOSEPH B. WOLLARD
-----------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
SALOMON SMITH BARNEY HOLDINGS INC.
By: /s/ HOWARD DARMSTADTER
-----------------------------------
Name: Howard Darmstadter
Title: Assistant Secretary
CITIGROUP INC.
By: /s/ JOSEPH B. WOLLARD
-----------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
Page 25 of 25 Pages
