<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Vista Eyecare, Inc. f/k/a National Vision Associates, Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
638459107
- --------------------------------------------------------------------------------
(CUSIP Number)
Kimberley E. Thompson, c/o ITC Holding Company, Inc.
1239 O.G. Skinner Drive, West Point, GA 31833 (703) 619-9678
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
May 5, 1999
- --------------------------------------------------------------------------------
(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. [ ]
* 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> 2
SCHEDULE 13D
CUSIP No. 638459107 Page 2 of 12 Pages
--------- ----- ------
<TABLE>
<S> <C> <C>
- ----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ITC SERVICE COMPANY
- ----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- ----------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
2,756,648
NUMBER OF
SHARES --------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING
PERSON --------------------------------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
2,756,648
--------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,756,648
- ----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.0%
- ----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
CUSIP No. 638459107 Page 3 of 12 Pages
--------- ----- ------
This statement amends the Schedule 13D filed with the Securities and
Exchange Commission on August 19, 1998 and amended by Amendment No. 1 filed on
November 2, 1998, Amendment No. 2 filed on March 25, 1999 and Amendment No. 3
on April 27, 1999 by Campbell B. Lanier, III ("Mr. Lanier"), Jane Lanier ("Mrs.
Lanier"), Campbell B. Lanier, IV ("Mr. Lanier IV"), ITC Service Company ("ITC
Service"), Campbell B. Lanier, III Grantor Retained Annuity Trust (the "Lanier
Trust"), William H. Scott, III ("Mr. Scott"), Martha J. Scott ("Mrs. Scott"),
the William H. Scott, III Irrevocable Trust f/b/o Mary Martha Scott (the "Scott
Trust"), Bryan W. Adams ("Mr. Adams"), J. Douglas Cox ("Mr. Cox") and Sandy Cox
("Mrs. Cox" and, together with Mr. and Mrs. Lanier, Mr. Lanier IV, ITC Service,
the Lanier Trust, Mr. and Mrs. Scott, the Scott Trust, Mr. Adams and Mr. Cox,
the "Reporting Persons"), relating to the Common Stock, par value $.01 per
share (the "Common Stock"), of Vista Eyecare, Inc. f/k/a National Vision
Associates, LTD., a Georgia corporation (the "Company").
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended by adding the following additional
information:
ITC Service purchased 1,101,600 shares of Common Stock of the Company
between May 5, 1999 and May 7, 1999 for an aggregate consideration of
approximately $5,508,000. The funds used to purchase these shares came from
the working capital of ITC Service.
<PAGE> 4
CUSIP No. 638459107 Page 4 of 12 Pages
--------- ----- ------
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended and restated in its entirety as follows:
As of the date of this report, the Reporting Persons beneficially own
an aggregate of 3,833,868 shares of the Company's Common Stock which represents
approximately 18.1% of the 21,179,103 shares of the Company's Common Stock
outstanding as of April 22, 1999.
<TABLE>
<S> <C>
Mr. Lanier has
i) sole power to vote or direct the vote 153,832 (1)
ii) shared power to vote or direct the vote 750
iii) sole power to dispose or direct the disposition 153,832 (1)
iv) shared power to dispose or direct the disposition 750
(1) Includes vested options convertible for an aggregate of 16,875 shares
Mrs. Lanier has
i) sole power to vote or direct the vote 0
ii) shared power to vote or direct the vote 750
iii) sole power to dispose or direct the disposition 0
iv) shared power to dispose or direct the disposition 750
Mr. Lanier, IV has
i) sole power to vote or direct the vote 25,550
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 25,550
iv) shared power to dispose or direct the disposition 0
ITC Service has
i) sole power to vote or direct the vote 2,756,648
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 2,756,648
iv) shared power to dispose or direct the disposition 0
</TABLE>
<PAGE> 5
CUSIP No. 638459107 Page 5 of 12 Pages
--------- ----- ------
<TABLE>
<S> <C>
Lanier Trust has
i) sole power to vote or direct the vote 700,000
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 700,000
iv) shared power to dispose or direct the disposition 0
Mr. Scott has
i) sole power to vote or direct the vote 782,782 (1)
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 782,782 (1)
iv) shared power to dispose or direct the disposition 0
(1) Includes 700,000 shares of Common Stock owned by the Lanier
Trust of which Mr. Scott is the sole trustee.
Mrs. Scott has
i) sole power to vote or direct the vote 28,000 (2)
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 28,000 (2)
iv) shared power to dispose or direct the disposition 0
(2) Includes 10,000 shares of Common Stock owned by the
Scott Trust of which Mrs. Scott is the sole trustee.
Scott Trust has
i) sole power to vote or direct the vote 0
ii) shared power to vote or direct the vote 10,000
iii) sole power to dispose or direct the disposition 0
iv) shared power to dispose or direct the disposition 10,000
Mr. Adams has
i) sole power to vote or direct the vote 8,000
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 8,000
iv) shared power to dispose or direct the disposition 0
</TABLE>
<PAGE> 6
CUSIP No. 638459107 Page 6 of 12 Pages
--------- ----- ------
<TABLE>
<S> <C> <C>
Mr. Cox has
i) sole power to vote or direct the vote 48,406
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 48,406
iv) shared power to dispose or direct the disposition 0
Mrs. Cox has
i) sole power to vote or direct the vote 29,900
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 29,900
iv) shared power to dispose or direct the disposition 0
</TABLE>
The Reporting Persons have engaged in the following transactions in
the Company's Common Stock since the Schedule 13D/A No. 2 was filed on March
25, 1999:
<TABLE>
<CAPTION>
REPORTING NUMBER OF PRICE TYPE OF
PERSON DATE SHARES PER SHARE TRANSACTION
------ ---- ------ --------- -----------
<S> <C> <C> <C> <C>
ITC Service 05-May-99 705,000 5.00 Open Market
ITC Service 06-May 99 280,000 5.00 Open Market
ITC Service 07-May 99 116,600 5.01 Open Market
</TABLE>
No person other than Mr. Lanier has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock beneficially owned by Mr. Lanier except with respect to
the 750 shares of Common Stock owned by Mrs. Lanier, of which Mrs. Lanier has
such rights.
No person other than Mr. Lanier,IV has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from sale of,
the shares of Common Stock beneficially owned by Mr. Lanier, IV.
<PAGE> 7
CUSIP No. 638459107 Page 7 of 12 Pages
--------- ----- ------
No person other than ITC Service, has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from sale of,
the shares of Common Stock beneficially owned by ITC Service, except that since
ITC Service is a wholly owned subsidiary of ITC Holding, ITC Holding indirectly
has the right to receive and the power to direct the receipt of dividends from,
and the proceeds from the sale of, the shares of Common Stock beneficially
owned by ITC Service.
No person other than Mr. Scott and the Lanier Trust has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from sale of, the shares of Common Stock beneficially owned by the Lanier
Trust.
No person other than Mr. Scott has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from sale of, the
shares of Common Stock beneficially owned by Mr. Scott.
No person other than Mrs. Scott has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from sale of, the
shares of Common Stock beneficially owned by Mrs. Scott.
No person other than Mrs. Scott and the Scott Trust has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from sale of, the shares of Common Stock beneficially owned by the Scott Trust.
No person other than Mr. Adams has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from sale of, the
shares of Common Stock beneficially owned by Mr. Adams.
No person other than Mr. Cox has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from sale of, the shares
of Common Stock beneficially owned by Mr. Cox.
No person other than Mrs. Cox has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from sale of, the shares
of Common Stock beneficially owned by Mrs. Cox.
<PAGE> 8
CUSIP No. 638459107 Page 8 of 12 Pages
--------- ---- ------
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: June 3, 1999
/s/ Campbell B. Lanier, III
- -------------------------------------------
By: Campbell B. Lanier, III
/s/ Jane Lanier
- ----------------------------------
By: Jane Lanier
/s/ Campbell B. Lanier, IV
- -------------------------------------------
By: Campbell B. Lanier, IV
ITC SERVICE COMPANY
/s/ Kimberly E. Thompson
- ----------------------------------
By: Kimberley E. Thompson
Title: Senior Vice President - General Counsel
and Secretary
CAMPBELL B. LANIER, III GRANTOR RETAINED ANNUITY TRUST
/s/ William H. Scott, III
- -------------------------------------------
By: William H. Scott, III
Title: Trustee
/s/ William H. Scott, III
- -------------------------------------------
By: William H. Scott, III
<PAGE> 9
CUSIP No. 638459107 Page 9 of 12 Pages
--------- ---- ------
/s/ Martha J. Scott
- -------------------------------------------
By: Martha J. Scott
WILLIAM H. SCOTT, III IRREVOCABLE TRUST f/b/o MARY MARTHA SCOTT
/s/ Martha J. Scott
- -------------------------------------------
By: Martha J. Scott
Title: Trustee
/s/ Bryan W. Adams
- -------------------------------------------
By: Bryan W. Adams
/s/ J. Douglas Cox
- -------------------------------------------
By: J. Douglas Cox
/s/ Sandy Cox
- -------------------------------------------
By: Sandy Cox
<PAGE> 10
CUSIP No. 638459107 Page 10 of 12 Pages
--------- ----- ------
APPENDIX I
OFFICERS AND DIRECTORS OF ITC SERVICE COMPANY
<TABLE>
<CAPTION>
NAME OF DIRECTOR
OR EXECUTIVE OFFICER PRINCIPAL OCCUPATION
AND BUSINESS ADDRESS OR EMPLOYMENT
----------------------------- ----------------------------------------
<S> <C>
Campbell B. Lanier, III, Director, Chairman and Chief Executive Officer
Chairman and Chief Executive Officer ITC Holding Company, Inc.
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
William H. Scott, III, Director, Chief Operating Officer and President
President and Chief ITC Holding Company, Inc.
Operating Officer
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
Bryan W. Adams, Senior Vice President, Senior Vice President - Chief Financial Officer
Chief Financial Officer, ITC Holding Company, Inc.
Treasurer and Assistant Secretary
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
Kimberley E. Thompson, Senior Vice President - Senior Vice President - General Counsel and Secretary
General Counsel ITC Holding Company, Inc.
and Secretary
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
J. Douglas Cox, Senior Vice President,
Senior Vice President, Corporate Development
Corporate Development ITC Holding Company, Inc.
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
Dabsey M. Gray, Vice President, Vice President, Controller and
Controller and Assistant Secretary Assistant Secretary
c/o ITC Service Company ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, Georgia 31833
</TABLE>
<PAGE> 11
CUSIP No. 638459107 Page 11 of 12 Pages
--------- ----- ------
APPENDIX II
OFFICERS AND DIRECTORS OF ITC HOLDING, INC.
<TABLE>
<CAPTION>
NAME OF DIRECTOR
OR EXECUTIVE OFFICER PRINCIPAL OCCUPATION
AND BUSINESS ADDRESS OR EMPLOYMENT
----------------------------- ----------------------------------------
<S> <C>
Campbell B. Lanier III Chairman and Chief Executive Officer
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
William H. Scott, III Chief Operating Officer and President
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
J. Douglas Cox Senior Vice President - Corporate Development
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
Allen E. Smith Vice President
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
Bryan W. Adams Senior Vice President - Chief Financial Officer and
c/o ITC Holding Company, Inc. Assistant Secretary
1239 O.G. Skinner Drive ITC Holding Company, Inc.
West Point, GA 31833
Robert M. Montgomery Vice President
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
Kimberley E. Thompson Senior Vice President - General Counsel
c/o ITC Holding Company, Inc. and Secretary
1239 O.G. Skinner Drive ITC Holding Company, Inc.
West Point, GA 31833
Dabsey M. Gray Vice President, Controller and Assistant Secretary
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
</TABLE>
<PAGE> 12
CUSIP No. 638459107 Page 12 of 12 Pages
--------- ----- ------
<TABLE>
<S> <C>
J. Smith Lanier, II, Director Chairman and Chief Executive Officer
c/o ITC Holding Company, Inc. J. Smith Lanier & Co.
1239 O.G. Skinner Drive
West Point, GA 31833
William T. Parr, Director Vice Chairman
c/o ITC Holding Company, Inc. J. Smith Lanier & Co.
1239 O.G. Skinner Drive
West Point, GA 31833
Malcolm C. Davenport, V, Director Certified Public Accountant and
c/o ITC Holding Company, Inc. Attorney
1239 O.G. Skinner Drive
West Point, GA 31833
Donald W. Weber, Director Entrepreneur and Consultant
c/o ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
O. Gene Gabbard, Director Entrepreneur and Consultant
c/o ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
William B. Timmerman, Director Chairman and Chief Executive Officer
c/o ITC Holding Company, Inc. SCANA Corporation
1239 O.G. Skinner Drive
West Point, GA 31833
Donald W. Burton, Director President
c/o ITC Holding Company, Inc. South Atlantic Capital Corporation
1239 O.G. Skinner Drive
West Point, GA 31833
Robert A. Dolson, Director Chairman and President
c/o ITC Holding Company, Inc. National Enterprises, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
</TABLE>
