<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 2
Whole Foods Market, Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
966837106
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(CUSIP Number)
David J. Greenwald, Esq.
Goldman, Sachs & Co.
85 Broad Street
New York, New York 10004
(212) 902-1000
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(Name, address and telephone number of person authorized
to receive notices and communications)
June 12, 1997
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(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: ______
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CUSIP NO.
966837106
- -----------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
----
(b) _____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) X
----------
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
New York
- --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares
Beneficially -0-
Owned By ----------------------------
Each 8 Shared Voting Power
Reporting 1,289,623
Person With ----------------------------
9 Sole Dispositive Power
-0-
----------------------------
10 Shared Dispositive Power
1,289,623
----------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,289,623
- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
_______
- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
6.7%
- -----------------------------------------------------------------
14. Type of Reporting Person
BD-PN-IA
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Page 2
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CUSIP NO.
966837106
- -----------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Goldman Sachs Group, L.P.
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2. Check the Appropriate Box if a Member of a Group
(a)
----
(b) _____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----------
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Delaware
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Number of 7 Sole Voting Power
Shares 8,328
Beneficially ----------------------------
Owned By 8 Shared Voting Power
Each 1,289,623
Reporting ----------------------------
Person With 9 Sole Dispositive Power
8,328
----------------------------
10 Shared Dispositive Power
1,289,623
----------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,297,951
- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
_______
- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
6.7%
- -----------------------------------------------------------------
14. Type of Reporting Person
HC-PN
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Page 3
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_____________________
CUSIP NO.
966837106
- -----------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Advisors, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
----
(b)
----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----------
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Delaware
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Number of 7 Sole Voting Power
Shares
Beneficially -0-
Owned By ----------------------------
Each 8 Shared Voting Power
Reporting 1,104,815
Person With ----------------------------
9 Sole Dispositive Power
-0-
----------------------------
10 Shared Dispositive Power
1,104,815
----------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,104,815
- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
_______
- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
5.7%
- -----------------------------------------------------------------
14. Type of Reporting Person
PN
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Page 4
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CUSIP NO.
966837106
- -----------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Capital Partners, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
----
(b)
----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
---------
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares
Beneficially -0-
Owned By ----------------------------
Each 8 Shared Voting Power
Reporting 1,104,815
Person With ----------------------------
9 Sole Dispositive Power
-0-
----------------------------
10 Shared Dispositive Power
1,104,815
----------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,104,815
- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
________
- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
5.7%
- -----------------------------------------------------------------
14. Type of Reporting Person
PN
- -----------------------------------------------------------------
Page 5
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AMENDMENT NO. 2 TO
SCHEDULE 13D
RELATING TO THE COMMON STOCK
OF WHOLE FOODS MARKET, INC.
GS Capital Partners, L.P. ("GS Capital"), GS Advisors, L.P. ("GS
Advisors, L.P."), Goldman, Sachs & Co. ("Goldman Sachs") and The Goldman Sachs
Group, L.P. ("GS Group", and together with GS Capital, GS Advisors, L.P. and
Goldman Sachs, the "Filing Persons")/1/ hereby amend this statement on Schedule
13D filed with respect to the Common Stock, no par value per share (the "Common
Stock") of Whole Foods Market, Inc., a Texas corporation (the "Company").
Goldman Sachs and GS Group may be deemed, for purposes of this Statement, to own
beneficially shares of Common Stock through the Limited Partnerships. Goldman
Sachs and GS Group each disclaims beneficial ownership of shares of Common Stock
beneficially owned by the Limited Partnerships to the extent of partnership
interests in the Limited Partnerships held by persons other than Goldman Sachs,
GS Group or their affiliates. In addition, GS Group beneficially owns options to
purchase shares of Common Stock, and Goldman Sachs and GS Group may be
/1/ Neither the present filing nor anything contained herein shall be construed
as an admission that any Filing Person constitutes a "person" for any purpose
other than Section 13(d) of the Securities Exchange Act of 1934.
Page 6
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deemed to beneficially own shares of Common Stock held in client accounts
managed by Goldman Sachs ("Managed Accounts"). Goldman Sachs and GS Group
disclaim beneficial ownership of the shares of Common Stock held in Managed
Accounts. In addition, Goldman Sachs may from time to time acquire shares of
Common Stock in ordinary course trading activities.
Item 3 is hereby amended as follows:
Schedule IV also reflects certain ordinary course trading activities in the
Common Stock effected by Goldman Sachs. The funds used in such activities came
from Goldman Sachs working capital. As of July 18, 1997, no shares of Common
Stock were held as a result of such ordinary course trading activities.
Item 4 is hereby amended as follows:
On July 17, 1997, Elizabeth C. Fascitelli, a vice president of Goldman, Sachs &
Co. and GS Capital's former designee to the Board of Directors of the Company
resigned from the Board of Directors. A copy of Ms. Fascitelli's resignation
letter is attached as Exhibit 7, and incorporated by reference herein.
Page 7
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Item 5 is hereby amended as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of July 18, 1997, GS Capital beneficially owned, and GS
Advisors, L.P. may be deemed to beneficially own, 1,104,815 shares of Common
Stock, representing approximately 5.7% of the shares of Common Stock
outstanding, and the Other Limited Partnerships in the aggregate beneficially
owned 182,188 shares of Common Stock, representing approximately 0.9% of the
shares of Common Stock reported to be outstanding as of May 28, 1997 (as
reported in the Company's Quarterly Report on Form 10-Q for the period ended
April 13, 1997).
As of July 18, 1997, Goldman Sachs may be deemed to beneficially
own an aggregate of 1,289,623 shares of Common Stock, including 1,287,003 shares
of Common Stock beneficially owned by the Limited Partnerships and 2,620 shares
of Common Stock held in Managed Accounts, representing in the aggregate
approximately 6.7% of the shares of Common Stock reported to be outstanding as
of May 28, 1997 (as reported in the Company's Quarterly Report on Form 10-Q for
the period ended April 13, 1997).
As of July 18, 1997, GS Group may be deemed to beneficially own
an aggregate of 1,297,951 shares of Common Stock, including the 1,289,623 shares
of Common Stock which may be deemed to be beneficially owned by Goldman Sachs
and 8,328 shares of Common Stock subject to options owned by GS Group that are
currently exercisable, representing in the aggregate approximately 6.7% of the
shares of Common Stock reported to be outstanding as of May 28, 1997 (as
reported in the Company's Quarterly Report on Form 10-Q for the period ended
April 13, 1997).
GS Group and Goldman Sachs disclaim beneficial ownership of (i) the
shares of Common Stock beneficially owned by the Limited Partnerships to the
extent of partnership interests in the Limited Partnerships held by persons
other than GS Group, Goldman Sachs or their affiliates and (ii) shares of Common
Stock held in Managed Accounts.
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None of the Filing Persons and, to the knowledge of each of the Filing
Persons, none of the Limited Partnerships that is not a Filing Person and none
of the persons listed in Schedule I or II hereto beneficially owns any shares of
Common Stock as of July 18, 1997 other than as set forth herein.
(b) Each Filing Person shares the power to vote or direct the vote and
to dispose or direct the disposition of shares of Common Stock beneficially
owned by such Filing Person as indicated in the 2nd through 5th pages of this
filing.
(c) Schedule IV sets forth transactions in the Common Stock which have
been effected during the 60 day period from April 13, 1997 through July 18,
1997. Except as set forth on Schedule IV, no transactions in the Common Stock
were effected by the Filing Persons, or, to the knowledge of any of the Filing
Persons, any of the Limited Partnerships that is not a Filing Person or any of
the persons listed on Schedules I or II hereto, during such period. The
transactions in the Common Stock described in Schedule IV were effected in the
over the counter market directly with a market maker in the Common Stock or in
the NASDAQ National Market. The total consideration (exclusive of commissions)
for the shares of Common Stock purchased during this period was approximately
$60,287.50.
Item 6 is hereby amended as follows:
In connection with the resignation by Ms. Fascitelli from the
Company's Board of Directors, GS Capital delivered a letter to the Company in
which GS Capital waived its rights under the Merger Agreement to designate a
director to the Company's Board of Directors. A copy of that letter is attached
as Exhibit 8 and incorporated by reference herein.
Item 7 is hereby amended as follows:
(7) Resignation letter from Elizabeth C. Fascitelli to the Company,
dated July 17, 1997.
(8) Waiver letter from GS Capital to the Company, dated July 17,
1997.
Page 9
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SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth is true, complete and correct.
Dated: July 22, 1997
GOLDMAN, SACHS & CO.
By:/s/ Richard A. Friedman
----------------------------------------
Name: Richard A. Friedman
Title: Managing Director
THE GOLDMAN SACHS GROUP, L.P.
By: The Goldman Sachs Corporation, its
general partner
By: /s/ Richard A. Friedman
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Name: Richard A. Friedman
Title: Executive Vice President
GS ADVISORS, L.P.
By: GS Advisors, Inc., its general partner
By: /s/ Richard A. Friedman
----------------------------------------
Name: Richard A. Friedman
Title: President
GS CAPITAL PARTNERS, L.P.
By: GS Advisors, L.P., its general partner
By: GS Advisors, Inc., its general partner
By: /s/ Richard A. Friedman
-----------------------------------------
Name: Richard A. Friedman
Title: President
Page 10
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SCHEDULE IV
Whole Foods Market, Inc.
Cusip No. 966837106
Purchases Sales Price Trade Date Settlement
Date
47,214 29.0000 15-May-97 20-May-97
3,357 29.0000 15-May-97 20-May-97
1,972 29.0000 15-May-97 20-May-97
1,161 29.0000 15-May-97 20-May-97
1,296 29.0000 15-May-97 20-May-97
2,600 23.1875 1-May-97 2-May-97
2,600 23.1875 1-May-97 2-May-97
8,584 30.0000 12-Jun-97 17-Jun-97
171,688 29.8750 12-Jun-97 17-Jun-97
610 30.0000 12-Jun-97 17-Jun-97
12,209 29.8750 12-Jun-97 17-Jun-97
359 30.0000 12-Jun-97 17-Jun-97
7,170 29.8750 12-Jun-97 17-Jun-97
211 30.0000 12-Jun-97 17-Jun-97
4,222 29.8750 12-Jun-97 17-Jun-97
236 30.0000 12-Jun-97 17-Jun-97
4,711 29.8750 12-Jun-97 17-Jun-97
Page 11
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EXHIBIT INDEX
EXHIBIT NO. EXHIBIT
(7) Resignation Letter from Elizabeth C.
Fascitelli to the Company, dated July 17, 1997
(8) Waiver Letter from GS Capital Partners, L.P.
to the Company, dated July 17, 1997.
<PAGE>
Exhibit 7
July 17, 1997
Whole Foods Market, Inc.
601 North Lamar Blvd., #300
Austin, Texas 78703-5413
Attn: Board of Directors
Dear Sirs:
This letter serves as confirmation of my resignation from the Board of Directors
of Whole Foods Market, Inc., effective today, July 17, 1997.
Sincerely,
/s/ Elizabeth Fascitelli
Elizabeth Fascitelli
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Exhibit 8
July 17, 1997
Whole Foods Market, Inc.
601 North Lamar Blvd., #300
Austin, Texas 78703-5413
Attn: Board of Directors
Dear Sirs:
Please be advised that GS Capital Partners, L.P. hereby waives all rights to
designate a director to the Board of Directors of Whole Foods Market, Inc.
pursuant to Section 5.19 of the Agreement and Plan of Merger among Whole Foods
Market, Inc., Whole Foods Mid-Atlantic, Inc. and Fresh Fields Markets, Inc.
dated June 17, 1996, as amended.
Except as expressly set forth above, all terms and provisions of such Agreement
and Plan of Merger shall remain in full force and effect.
Sincerely,
GS Capital Partners, L.P.
By: GS Advisors, L.P., its general partner
By: GS Advisors, Inc., its general partner
By: /s/ Richard A. Friedman
----------------------------------
Richard A. Friedman
President
