OUTDOOR SYSTEMS INC
SC 13D/A, 1999-12-17
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<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D


                    Under the Securities Exchange Act of 1934
                                (AMENDMENT NO. 4)


                              OUTDOOR SYSTEMS, INC.
                              ---------------------
                                (Name of Issuer)


                     Common Stock, $0.01 par value per share
                     ---------------------------------------
                         (Title of Class of Securities)


                                   690057-10-4
                                 ---------------
                                 (CUSIP Number)


       Bill M. Beverage, 2502 N. Black Canyon Hwy., Phoenix, Arizona 85009
       -------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)


                                December 7, 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 [ ].

Note: Six copies of this statement, including all exhibits, should be filed
with the Commission.  See Rule 13d-1(a) 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>   2
                                  SCHEDULE 13D

- ------------------------------                     -----------------------------
CUSIP No. 690057-10-4                                        Page 2 of 6 Pages
- ------------------------------                     -----------------------------

<TABLE>
<S>   <C>                             <C>
- ----------------------------------------------------------------------------------------
  1   NAME OF REPORTING PERSON        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Arte R. Moreno
- ----------------------------------------------------------------------------------------
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                           (a)[X]

                                                                                 (b)[ ]
- ----------------------------------------------------------------------------------------
  3   SEC USE ONLY

- ----------------------------------------------------------------------------------------
  4   SOURCE OF FUNDS
                        N/A
- ----------------------------------------------------------------------------------------
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
      or 2(e)                                                                       [ ]

- ----------------------------------------------------------------------------------------
  6   CITIZENSHIP OR PLACE OF ORGANIZATION

            U.S.A.
- ----------------------------------------------------------------------------------------
    NUMBER OF        7   SOLE VOTING POWER
      SHARES
   BENEFICIALLY                 -0-
     OWNED BY       ---------------------------------------------------------------------
       EACH           8   SHARED VOTING POWER
    REPORTING
      PERSON                    -0-
       WITH         ---------------------------------------------------------------------
                      9   SOLE DISPOSITIVE POWER

                                -0-
                    ---------------------------------------------------------------------
                     10   SHARED DISPOSITIVE POWER

                                  -0-
- ----------------------------------------------------------------------------------------
 11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  -0-
- ----------------------------------------------------------------------------------------
 12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES         [ ]

- ----------------------------------------------------------------------------------------
 13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                  0%
- ----------------------------------------------------------------------------------------
 14   TYPE OF REPORTING PERSON

                  IN
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>   3
                                  SCHEDULE 13D

- ------------------------------                     -----------------------------
CUSIP No. 690057-10-4                                        Page 3 of 6 Pages
- ------------------------------                     -----------------------------

<TABLE>
<S>   <C>                             <C>
- ----------------------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       BRN Properties Limited Partnership
- ----------------------------------------------------------------------------------------
  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                 (a)[X]

                                                                                 (b)[ ]
- ----------------------------------------------------------------------------------------
  3    SEC USE ONLY

- ----------------------------------------------------------------------------------------
  4    SOURCE OF FUNDS
                         N/A
- ----------------------------------------------------------------------------------------
  5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
       or 2(e)                                                                      [ ]

- ----------------------------------------------------------------------------------------
  6    CITIZENSHIP OR PLACE OF ORGANIZATION

             Arizona
- ----------------------------------------------------------------------------------------
    NUMBER OF        7   SOLE VOTING POWER
      SHARES
   BENEFICIALLY                -0-
     OWNED BY      ---------------------------------------------------------------------
       EACH          8   SHARED VOTING POWER
    REPORTING
      PERSON                   -0-
       WITH        ---------------------------------------------------------------------
                     9   SOLE DISPOSITIVE POWER

                               -0-
                   ---------------------------------------------------------------------
                    10   SHARED DISPOSITIVE POWER

                               -0-
- ----------------------------------------------------------------------------------------
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                   -0-
- ----------------------------------------------------------------------------------------
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES        [ ]

- ----------------------------------------------------------------------------------------
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                   0%
- ----------------------------------------------------------------------------------------
  14   TYPE OF REPORTING PERSON

                   PN
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>   4
                                  SCHEDULE 13D

- ------------------------------                     -----------------------------
CUSIP No. 690057-10-4                                        Page 4 of 6 Pages
- ------------------------------                     -----------------------------

<TABLE>
<S>   <C>                             <C>
- ----------------------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       Carole D. Moreno
- ----------------------------------------------------------------------------------------
  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          (a)[X]

                                                                                 (b)[ ]
- ----------------------------------------------------------------------------------------
  3    SEC USE ONLY

- ----------------------------------------------------------------------------------------
  4    SOURCE OF FUNDS
                         N/A
- ----------------------------------------------------------------------------------------
  5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
       or 2(e)                                                                      [ ]

- ----------------------------------------------------------------------------------------
  6    CITIZENSHIP OR PLACE OF ORGANIZATION

             U.S.A.
- ----------------------------------------------------------------------------------------
    NUMBER OF        7   SOLE VOTING POWER
      SHARES
   BENEFICIALLY                -0-
     OWNED BY      ---------------------------------------------------------------------
       EACH          8   SHARED VOTING POWER
    REPORTING
      PERSON                   -0-
       WITH        ---------------------------------------------------------------------
                     9   SOLE DISPOSITIVE POWER

                               -0-
                   ---------------------------------------------------------------------
                    10   SHARED DISPOSITIVE POWER

                               -0-
- ----------------------------------------------------------------------------------------
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                   -0-
- ----------------------------------------------------------------------------------------
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES        [ ]


- ----------------------------------------------------------------------------------------
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                   0%
- ----------------------------------------------------------------------------------------
  14   TYPE OF REPORTING PERSON

                   IN
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>   5
                                  SCHEDULE 13D

- ------------------------------                     -----------------------------
CUSIP No. 690057-10-4                                        Page 5 of 6 Pages
- ------------------------------                     -----------------------------

This Amendment No. 4 to the Statement on Schedule 13D previously filed by the
undersigned with the Securities and Exchange Commission with respect to the
common stock, $.01 par value ("Common Stock"), of Outdoor Systems, Inc. (the
"Issuer"), as amended by Amendment No. 1 filed with the Commission on August
28, 1997, Amendment No. 2 filed with the Commission on December 16, 1997 and by
Amendment No. 3 ("Amendment No. 3") filed with the Commission on June 17, 1999
(as so amended, the "Schedule 13D"), further amends the Schedule 13D by
restating Item 5 to the Schedule 13D in its entirety.


ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER.

     (a)  Neither Mr. Moreno, Mrs. Moreno nor BRN own any shares of Common
          Stock.

     (b)  N/A.

     (c)  On December 7, 1999, the Merger described in Item 6 of Amendment No. 3
          became effective, and in accordance with the terms thereof each share
          of Common Stock outstanding was converted into to right to receive
          1.25 shares of the Class A common stock of Infinity Broadcasting
          Corporation. All of the Common Stock beneficially owned by Mr. Moreno,
          Mrs. Moreno and BRN was disposed of in the Merger.

     (d)  N/A.

     (e)  Mr. Moreno, Mrs. Moreno and BRN ceased to be the beneficial owners of
          more than five percent of the Common Stock on December 7, 1999.
<PAGE>   6
                                  SCHEDULE 13D

- ------------------------------                     -----------------------------
CUSIP No. 690057-10-4                                        Page 6 of 6 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:  December 17, 1999


                                          /s/ ARTE R. MORENO
                                          --------------------------------------
                                          Arte R. Moreno


                                          /s/ CAROLE D. MORENO
                                          --------------------------------------
                                          Carole D. Moreno



                                          BRN PROPERTIES LIMITED PARTNERSHIP


                                          By: /s/  ARTE R. MORENO
                                          --------------------------------------
                                                   Arte R. Moreno
                                                   General Partner


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