UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 3 TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SFX Broadcasting, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
784174104
(CUSIP Number)
Bedrock Asset Trust I Nomura Holding America Inc.
c/o Wilmington Trust Company 2 World Financial Center
Corporate Financial Services Division Building B
Rodney Square North New York, New York 10281-1198
1100 Market Street Attention: Mr. Dennis Dolan
Wilmington, DE 19890 Nez Mustafic, Esq.
Attention: Mr. David A. Vanaskey, Jr. (212) 667-9300
(302) 651-8726
- -------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
February 6, 1998
(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 |_|.
Check the following box if a fee is being paid with this statement |_|. (A
fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class. See Rule 13d-7.)
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>
CUSIP Number 784174104
- ------------------------------------------------------------------------------
1) Name of Reporting Persons. Bedrock Asset Trust I
S.S. or I.R.S. Identification (No social security or other IRS
Nos. of Above Persons identification number required)
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a (a)
Group (see Instructions) (b) X
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds
(See Instructions) AF (Disposition of Securities)
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings Not applicable
is Required Pursuant to Items
2(d) or 2(e)
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6) Citizenship or Place of Organization Delaware
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Number of Shares 7) Sole Voting Power None
Beneficially 8) Shared Voting Power None
Owned by Each Reporting 9) Sole Dispositive Power None
Person with 10) Shared Dispositive Power None
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned
by Each Reporting Person
None
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
Not Applicable
- ------------------------------------------------------------------------------
13) Percent of Class Represented by
Amount in Row (11)
0%
- ------------------------------------------------------------------------------
14) Type of Reporting Person
(See Instructions) CO
- ------------------------------------------------------------------------------
<PAGE>
CUSIP Number 784174104
- -----------------------------------------------------------------------------
1) Name of Reporting Persons. Nomura Holding America Inc.
S.S. or I.R.S. Identification (No social security or other IRS
Nos. of Above Persons identification number required)
- -----------------------------------------------------------------------------
2) Check the Appropriate Box if a Member
of a Group (see Instructions) (a)
(b) X
- -----------------------------------------------------------------------------
3) SEC Use Only
- -----------------------------------------------------------------------------
4) Source of Funds
(See Instructions) WC
- -----------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings
is Required Pursuant to Items
2(d) or 2(e) Not applicable
- -----------------------------------------------------------------------------
6) Citizenship or Place of Organization Delaware
- -----------------------------------------------------------------------------
Number of Shares 7) Sole Voting Power 170,729
Beneficially 8) Shared Voting Power None
Owned by Each Reporting 9) Sole Dispositive Power 170,729
Person with 10) Shared Dispositive Power None
- -----------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned
by Each Reporting Person
170,729 shares
- -----------------------------------------------------------------------------
12) Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See
Instructions)
Not Applicable
- -----------------------------------------------------------------------------
13) Percent of Class Represented by
Amount in Row (11)
1.94%
- -----------------------------------------------------------------------------
14) Type of Reporting Person
(See Instructions) CO
- -----------------------------------------------------------------------------
<PAGE>
CUSIP Number 784174104
- -----------------------------------------------------------------------------
1) Name of Reporting Persons. The Nomura Securities Co, Ltd.
S.S. or I.R.S. Identification (No social security or other IRS
Nos. of Above Persons identification number required)
- -----------------------------------------------------------------------------
2) Check the Appropriate Box if a Member
of a Group (a)
(b) X
- -----------------------------------------------------------------------------
3) SEC Use Only
- -----------------------------------------------------------------------------
4) Source of Funds
(See Instructions) Not Applicable
- -----------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings
is Required Pursuant to Items
2(d) or 2(e) Not Applicable
- -----------------------------------------------------------------------------
6) Citizenship or Place of Organization Japan
- -----------------------------------------------------------------------------
Number of Shares 7) Sole Voting Power None
Beneficially 8) Shared Voting Power None
Owned by Each Reporting 9) Sole Dispositive Power None
Person with 10) Shared Dispositive Power None
- -----------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned
by Each Reporting Person
None
- -----------------------------------------------------------------------------
12) Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See
Instructions)
Not Applicable
- -----------------------------------------------------------------------------
13) Percent of Class Represented by
Amount in Row (11)
0%
- -----------------------------------------------------------------------------
14) Type of Reporting Person
(See Instructions) CO
- -----------------------------------------------------------------------------
<PAGE>
This Amendment No. 3 amends and supplements the Schedule 13D, dated December
7, 1994 ("Schedule 13D") and Amendments No. 1 to Schedule 13D dated November
8, 1996 and No. 2 to Schedule 13D dated October 28, 1997 filed on behalf of
SFX Broadcasting, Inc. The Schedule 13D is hereby restated in its entirety.
Item 1. Security and Issuer
This Statement relates to the Class A Common Stock, par value $0.01 per share
(the "Class A Common Stock") of SFX Broadcasting, Inc., a Delaware
corporation (the "Issuer"). The Issuer's principal executive offices are
located at 150 East 58th Street, New York, New York 10155.
Item 2. Identity and Background
(a-c, and f) This Statement is being filed by Bedrock Asset Trust I ("BRAT")
and Nomura Holding America Inc. ("NHA"). BRAT is a Delaware business trust
established by NHA for the purpose of investing in the securities of certain
corporate issuers. BRAT has its principal place of business and principal
office at c/o Wilmington Trust Company, Corporate Financial Services
Division, Rodney Square North, 1100 Market Street, Wilmington, Delaware
19890.
The principal business of NHA is: (i) to act as a holding company for a wide
array of entities directly involved in the financial services industry or
involved in the provision of services to entities in the financial services
industry, (ii) to provide funding for the operations of its subsidiaries by,
among other things, issuing commercial paper and Eurobonds and (iii) to
engage in proprietary trading activities. NHA is a corporation organized and
existing under the laws of the State of Delaware. NHA has its principal
place of business and principal office at 2 World Financial Center, Building
B, New York, New York 10281-1198.
NHA is controlled by The Nomura Securities Co., Ltd., a corporation organized
and existing under the laws of Japan ("NSC"), whose principal place of
business and principal office are located at 1-9-1, Nihonbashi, Chuo-ku,
Tokyo, 103, Japan. The principal business of NSC is that of a
fully-diversified, global financial services company. NSC disclaims
beneficial ownership of all securities reported herein.
(d-e) During the last five years, neither BRAT, NHA nor NSC, (i) has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors); nor has BRAT or NHA (ii) been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or final order
enjoining future violations or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
Item 3. Source and Amount of Funds or Other Consideration
Not applicable.
Item 4. Purpose of Transaction
The disposition of the Issuer's Class A Common Stock.
Item 5. Interest in Securities of the Issuer
(a-b) As of the date of this Statement, NHA owns 170,729 shares of the Issuer's
Class A Common Stock which is approximately 1.94% of the outstanding shares of
the Issuer's Class A Common Stock. As of the date of this Statement, BRAT does
not own any shares of the Issuer's Class A Common Stock.
(c) In the past 60 days, each of NHA and BRAT made the following sales of
Class A Common Stock of the Issuer on the NASDAQ National Market System:
Trade Date No. of Shares Sold Price Per Share
2/5/98 500,000 $88.1875
2/5/98 100,000 88.375
2/5/98 100,000 88.25
2/6/98 371,429 88.9375
2/6/98 78,571 88.9375
(d) None.
(e) Not applicable.
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
Not applicable.
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and
belief, we each certify that the information set forth in this statement is
true, complete and correct. This statement is filed on behalf of each of the
undersigned.
February 10, 1998
Bedrock Asset Trust I
By: Wilmington Trust Company, not
in its individual capacity
but as Owner Trustee
By: Name: David A. Vanaskey, Jr.
Title: Senior Financial
Services Officer
Nomura Holding America Inc.
By: Name: Dennis Dolan
Title: Managing Director
