<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
- --------------------------------------------------------------------------------
St. John Knits, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
790289 10 2
------------------------------------------------
(CUSIP Number)
Robert E. Gray James P. Kelley
17422 Derian Avenue Vestar Capital Partners III, L.P.
Irvine, California 92614 1225 17/th/ Street, Suite 1660
(714) 863-1171 Denver, Colorado 80202
(303) 292-6300
with copies to
Paul A. Rowe Philip T. Ruegger, III
Hewitt & McGuire, LLP Simpson Thacher & Bartlett
19900 MacArthur Boulevard,Suite 1050 425 Lexington Avenue
Irvine, California 92612 New York, New York 10017
(949) 798-0500 (212) 455-2000
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July 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(e), 13d-(f) or 13d-1(g), check the following box
[].
Note: See Rule 13d-7(b) for other parties to whom copies are to be sent.
Schedules filed in paper format shall include a signed original and five copies
of the Schedule, including all exhibits.
*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>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 3 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert E. Gray
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 4 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marie Gray
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 5 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kelly A. Gray
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 6 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gray Family Trust
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
OO
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 7 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kelly Ann Gray Trust
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
OO
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 8 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vestar Capital Partners III, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO, AF (see Item 3)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
PN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 9 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vestar Associates III, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO, AF (see Item 3)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
PN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 10 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vestar Associate Corporation III
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO, AF (see Item 3)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 11 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vestar/Gray Investors LLC
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO, AF (see Item 3)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
00
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 12 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vestar/SJK Investors LLC
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO, AF (see Item 3)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
OO
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 790289 10 2 PAGE 13 OF 19 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
St John Knits International, Incorporated
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO, AF (see Item 3)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
- ------------------------------------------------------------------------------
<PAGE>
Page 14 of 19
This Amendment No. 5 (this "Amendment") amends and supplements the
Statement on Schedule 13D (as amended, the "Schedule 13D") filed on December 17,
1998, as amended by Amendment No. 1 ("Amendment No. 1"), Amendment No. 2
("Amendment No. 2"), Amendment No. 3 ("Amendment No. 3") and Amendment No. 4
("Amendment No. 4"), on behalf of Robert E. Gray, Marie Gray, Kelly A. Gray, the
Gray Family Trust, a revocable living trust, and the Kelly Ann Gray Trust
(collectively, the "Gray Stockholders"), St. John Knits International,
Incorporated, a Delaware corporation ("Parent"), and Vestar/Gray Investors LLC,
a Delaware limited liability company ("Vestar/Gray"), Vestar/SJK Investors LLC,
a Delaware limited liability company ("Vestar/SJK"), Vestar Capital Partners
III, L.P., a Delaware limited partnership ("Vestar"), Vestar Associates III,
L.P., a Delaware limited partnership ("Vestar Associates III"), Vestar
Associates Corporation III, a Delaware corporation ("Vestar Associates
Corporation III" and, together with Vestar/Gray, Vestar/SJK, Vestar and Vestar
Associates III, the "Vestar Reporting Persons" and, together with the Gray
Stockholders and Parent, the "Reporting Persons"), relating to the common stock,
no par value ("Common Stock"), of St. John Knits, Inc., a California corporation
(the "Company"). Capitalized terms used and not defined in this Amendment have
the meanings set forth in the Schedule 13D.
Item 2. Identity and Background.
-----------------------
Item 2 of the Schedule 13D is hereby amended and supplemented by replacing the
fifth paragraph thereof with the following:
Vestar/Gray is a Delaware limited liability company of which Vestar/SJK is the
managing member and of which the Gray Stockholders are members. Vestar/Gray was
formed to effect the transactions described in Item 4 of this Schedule 13D, as
amended, and has not engaged in any activities other than those incident to its
formation and to such proposed transactions and holding common stock, par value
$.01 per share, of Parent ("Parent Common Stock"). The address and principal
business office of Vestar/Gray is 1225 17th Street, Suite 1660, Denver, Colorado
80202.
Vestar/SJK is a Delaware limited liability company of which Vestar is the
managing member. Vestar/SJK was formed to effect the proposed transactions
described in Item 4 of this Schedule 13D, as amended, and has not engaged in any
activities other than those incident to its formation and to such proposed
transactions. The address and principal business office of Vestar/SJK is 1225
17th Street, Suite 1660, Denver, Colorado 80202.
Item 3. Source and Amount of Funds.
--------------------------
Item 3 of the Schedule 13D is hereby amended and supplemented by adding the
following at the end thereof:
The amount and sources of the funds the Vestar Reporting Persons used in
connection with the Mergers (as defined in Item 4) and related transactions
consisted of approximately (i) $23.9 million in excess cash of St. John; (ii)
borrowings consisting of a $75.0 million term loan and a $115.0 million term
loan with the institutions and on the terms set forth in the Credit Agreement
attached hereto as Exhibit 6; (iii) the issuance of $100 million aggregate
principal amount of 122% Senior Subordinated Notes due 2009, on the terms set
forth in the Indenture attached hereto as Exhibit 7; (iv) $153.6 million of
cash equity contributed by Vestar through Vestar/Gray Investors LLC; (v) the
issuance of 250,000 shares of 153% Exchangeable Preferred Stock due 2010 of
Parent (the "Preferred Stock") acquired by Vestar/SJK on the terms set forth in
the Certificate of Designations attached hereto as Exhibit 8; and (vi) $13.7
million from the rollover of a portion of the Company's currently outstanding
public stock. These amounts include funds for certain merger-related expenses
that are expected to be paid in the future.
The amount and sources of the funds the Gray Stockholders used in
connection with the mergers came from the contribution of their shares of Common
Stock to Vestar/Gray in exchange for cash and membership interests in
Vestar/Gray. On July 6, 1999, (i) Kelly Gray contributed 547,904 shares of
Common Stock to Vestar/Gray in exchange for $5,709,990 and a 5.87% membership
interest in Vestar/Gray, (ii) the Gray Family Trust contributed 603,439 shares
of
<PAGE>
Page 15 of 19
Common Stock to Vestar/Gray in exchange for $1,400,010 and a 9.14% membership
interest in Vestar/Gray, and (iii) the Kelly Trust contributed 54,640 shares of
Common Stock to Vestar/Gray in exchange for a 0.90% membership interest in
Vestar/Gray. The total value of the shares of Common Stock that the Gray
Stockholders contributed to Vestar/Gray is approximately $29.1 million.
Item 4. Purpose of Transaction.
----------------------
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the
following prior to the last paragraph thereof:
On February 2, 1999, the Company, Parent, a wholly owned subsidiary of the
Company, Pearl Acquisition Corp. ("Acquisition"), and SJKAcquisition, Inc., a
wholly owned subsidiary of Parent ("Merger Sub"), entered into an Agreement and
Plan of Merger (the "Merger Agreement") providing for the merger of Merger Sub
with and into the Company, whereupon the separate existence of Merger Sub would
cease and the Company would continue as the surviving corporation (the
"Reorganization Merger") and providing further that Acquisition would thereafter
be merged with and into Parent (the "Acquisition Merger"), with Parent as the
surviving corporation.
The Mergers and the transactions contemplated thereby were consummated on
July 7, 1999, at which time (a) the Common Stock was exchanged into either the
right to receive $30 cash or the right to retain Parent Common Stock, (b) the
Company became a wholly owned subsidiary of Parent, with Parent owning all of
the issued and outstanding shares of the Common Stock and (c) Vestar/Gray
acquired 6,090,205 shares of Parent's common stock, par value $.01 per share,
which constitutes approximately 93% of the issued and outstanding common stock
of Parent.
Shortly before the Mergers, all members of the Board of Directors of the
Company, other than Bob Gray and Kelly Gray, resigned from the Board, and Bob
and Kelly Gray elected as directors Daniel S. O'Connell, James P. Kelley and
Sander M. Levy. The composition of the Company's Board of Directors is subject
to change from time to time, but affiliates or employees of the Vestar Reporting
Persons and the Gray Stockholders are expected to constitute at all times in the
foreseeable future a majority of such board.
Following the Mergers, the Company's articles of incorporation, as in
effect immediately prior to the Mergers, was amended so that, among other
things, the authorized capital stock of the Company was reduced from 40,000,000
shares of Common Stock and 2,000,000 shares of Preferred Stock, no par value, to
1,000 shares of common stock, no par value. The bylaws of the Company as in
effect at the time of the Mergers were restated following the Mergers.
Following the Mergers, the New York Stock Exchange ("NYSE") filed an
application to delist the Common Stock from the NYSE. The delisting and
deregistration of the Common Stock is expected to be effective on July 29, 1999.
The Reporting Persons intend to review on a continuing basis their
investment in the Company.
Other than as described above, none of the Reporting Persons has any plans
or proposals that relate to or would result in any of the actions described in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Item 5 of the Schedule 13D is hereby amended and supplemented by adding the
following at the end of paragraphs (a) and (b) thereof:
<PAGE>
Page 16 of 19
Following the Mergers, Parent became the sole holder of all of the issued
and outstanding shares of Common Stock of the Company and therefore Parent has
power to direct the voting of and the disposition of such shares of Common
Stock.
The managing member of Vestar/Gray is Vestar/SJK and therefore, Vestar/SJK
has power to direct the voting of and the disposition of any shares of Common
Stock deemed to be beneficially owned by Vestar/Gray. As a result, Vestar/SJK
may be deemed to beneficially own any shares of Common Stock deemed to be
beneficially owned by Vestar/Gray.
The managing member of Vestar/SJK is Vestar and therefore, Vestar has power
to direct the voting of and the disposition of any shares of Common Stock deemed
to be beneficially owned by Vestar/SJK. As a result, Vestar may be deemed to
beneficially own any shares of Common Stock deemed to be beneficially owned by
Vestar/SJK. Vestar is controlled by its sole general partner, Vestar Associates
III, and Vestar Associates III is controlled by its sole general partner, Vestar
Associates Corporation III. As a result, Vestar Associates III and Vestar
Associates Corporation III may be deemed to beneficially own the shares of
Common Stock deemed to be beneficially owned by Vestar.
As executive officers and directors of Vestar Associates Corporation III,
Messrs. O'Connell, Kelley, Alpert, Nagle, Melwani, Rosner, Levy, Dovidio and
Schwartz may be deemed to beneficially own any shares of Common Stock
beneficially owned by Vestar.
The Gray Stockholders are members of Vestar/Gray, and therefore, the Gray
Stockholders may share the power to direct the voting of and the disposition of
any shares of Common Stock deemed to be beneficially owned by Vestar/Gray. As a
result, the Gray Stockholders may be deemed to beneficially own any shares of
Common Stock deemed to be beneficially owned by Vestar/Gray.
(c) On July 6, 1999, Kelly Gray contributed 547,904 shares of Common Stock
to Vestar/Gray in exchange for $5,709,990 and a 5.87% membership interest in
Vestar/Gray. The Gray Family Trust contributed 603,439 shares of Common Stock
to Vestar/Gray in exchange for $1,400,010 and a 9.14% membership interest in
Vestar/Gray. The Kelly Trust contributed 54,640 shares of Common Stock to
Vestar/Gray in exchange for a 0.90% membership interest in Vestar/Gray. Shortly
before the Mergers, Kelly Gray received from an exchange fund 14,500 shares of
Common Stock, which were converted into the right to receive $30 in cash per
share upon the consummation of the Mergers. These 14,500 shares were not
contributed to Vestar/Gray. Otherwise, except as set forth in this Item 5, to
the best knowledge of each of the Reporting Persons, none of the Reporting
Persons and no other person described in Item 2 hereof has engaged in any
transaction during the past 60 days in any shares of Common Stock.
(d) To the best knowledge of each of the Reporting Persons, no person,
other than the Reporting Persons, 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 the Reporting Persons.
(e) Not applicable.
Item 7. Material to be Filed as Exhibits.
--------------------------------
Item 7 of the Schedule 13D is hereby amended and supplemented by adding the
following at the end thereof:
6. Credit Agreement, dated July 7, 1999, by and among the Company,
the Lenders from time to time party thereto and The Chase
Manhattan Bank, as administrative agent (incorporated by
reference to Exhibit (a)(1) to the Company's Amendment No. 4 to
the Rule 13e-3 Transaction Statement on Schedule 13E-3 dated July
12, 1999).
7. Indenture, dated July 7, 1999, by and among the Company, Parent,
St. John Trademarks, Inc., St. John Italy, Inc. and St. John
Home, LLC and The Bank of New York, as trustee (incorporated by
reference to Exhibit (a)(2) to the Company's Amendment No. 4 to
the Rule 13e-3 Transaction Statement on Schedule 13E-3 dated July
12, 1999).
8. Certificate of Designations for the Preferred Stock (incorporated
by reference to Exhibit (a)(3) to the Company's Amendment No. 4
to the Rule 13e-3 Transaction Statement on Schedule 13E-3 dated
July 12, 1999).
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
/s/ Bob Gray
--------------------------------
BOB GRAY
/s/ Marie Gray
--------------------------------
MARIE GRAY
/s/ Kelly Gray
--------------------------------
KELLY GRAY
GRAY FAMILY TRUST
By: /s/ Bob Gray
-----------------------------
Name: Bob Gray
By: /s/ Marie Gray
-----------------------------
Name: Marie Gray
KELLY ANN GRAY TRUST
By: /s/ Bob Gray
-----------------------------
Name: Bob Gray
By: /s/ Marie Gray
-----------------------------
Name: Marie Gray
VESTAR CAPITAL PARTNERS III, L.P.
By: Vestar Associates III, L.P.
Its: General Partner
By: Vestar Associates Corporation III
Its: General Partner
By: /s/ James P. Kelley
-----------------------------
Name: James P. Kelley
VESTAR ASSOCIATES III, L.P.
By: Vestar Associates Corporation III
Its: General Partner
By: /s/ James P. Kelley
-----------------------------
Name: James P. Kelley
VESTAR ASSOCIATES CORPORATION III
By: /s/ James P. Kelley
-----------------------------
Name: James P. Kelley
July 16, 1999
