<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
DELTA AND PINE LAND COMPANY
---------------------------
(Name of Issuer)
Common Stock, $0.10 Par Value
-----------------------------
(Title of Class of Securities)
247357106
---------
(CUSIP Number)
March 10, 1999
------------------------------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
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 1 of 9 pages
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------------------------------
CUSIP No. 247357106 13G Page 2 of 9 Pages
------------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Soros Fund Management LLC
- ---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- --------------------------------------------------------------------
3 SEC USE ONLY
- ---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------- ------ ---------------------------------------------------
5 SOLE VOTING POWER
1,516,021
------ ---------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
EACH ------ ---------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,516,021
------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,516,021
- ---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
- ---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.95%
- ---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO, IA
- ---------- --------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 9 pages
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------------------------------
CUSIP No. 247357106 13G Page 3 of 9 Pages
------------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George Soros (in the capacity described herein)
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,516,021
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,516,021
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,516,021
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.95%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<
Page 3 of 9 pages
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------------------------------
CUSIP No. 247357106 13G Page 4 of 9 Pages
------------------------------
- ---------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stanley F. Druckenmiller (in the capacity described herein)
- ---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- --------------------------------------------------------------------
3 SEC USE ONLY
- ---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------- ------ ---------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ---------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,516,021
OWNED BY
EACH ------ ---------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,516,021
- ---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,516,021
- ---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.95%
- ---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- ---------- --------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 9 pages
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Item 1(a) Name of Issuer:
--------------
Delta and Pine Land Company (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive
--------------------------------------
Offices:
-------
One Cotton Row
Scott, Mississippi 38772
Items 2(a) Name of Person Filing:
---------------------
This Statement is filed on behalf of the
following persons (collectively, the
"Reporting Persons"):
i) Soros Fund Management LLC, a Delaware
limited liability company ("SFM LLC");
ii) Mr. George Soros ("Mr. Soros"); and
iii) Mr. Stanley F. Druckenmiller ("Mr.
Druckenmiller").
This Statement relates to Shares (as defined
herein) held for the accounts of Quantum
Partners and Quasar Partners (each as
defined herein). SFM LLC serves as principal
investment manager to Quantum Partners LDC,
a Cayman Islands exempted limited duration
company ("Quantum Partners") and, as such,
has been granted investment discretion over
portfolio investments, including the Shares
held for the account of Quantum Partners.
Pursuant to a combination of Quasar
International Fund N.V. ("Quasar Fund") with
and into Quantum Industrial Holdings Ltd.
("QIH"), effective February 1, 1999,
portfolio investments previously held
indirectly by Quasar Fund (including the
Shares held for the account of Quasar
International Partners, C.V., a Netherlands
Antilles limited partnership ("Quasar
Partners")), were transferred to, and are
held indirectly by, QIH. SFM LLC serves as
principal investment manager to both Quasar
Partners and QIH, and remains the principal
investment manager of such portfolio
investments. Mr. Soros is the Chairman of
SFM LLC. Mr. Druckenmiller is the Lead
Page 5 of 9 pages
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Portfolio Manager and a Member of the
Management Committee of SFM LLC.
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock, par value $0.10 per share (the
"Shares")
Item 2(e) CUSIP Number:
------------
247357106
Item 4. Ownership:
Item 4(a) Amount Beneficially Owned:
-------------------------
Each of the Reporting Persons may be deemed
the beneficial owner of 1,516,021 Shares.
This number consists of (A) 1,484,727 Shares
held for the account of Quantum Partners and
(B) 31,294 Shares held for the account of
Quasar Partners.
Item 4(b) Percent of Class:
----------------
The number of Shares of which each of SFM
LLC, Mr. Soros and Mr. Druckenmiller may be
deemed to be the beneficial owner constitutes
approximately 3.95% of the total number of
Shares outstanding.
Item 4(c) Number of shares as to which such person has:
--------------------------------------------
SFM LLC
-------
(i) Sole power to vote or to direct the
vote: 1,516,021
(ii) Shared power to vote or to direct the
vote: -0-
(iii) Sole power to dispose or to direct
the disposition of: 1,516,021
(iv) Shared power to dispose or to direct
the disposition of: -0-
Mr. Soros
---------
(i) Sole power to vote or to direct the vote:
-0-
Page 6 of 9 pages
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(ii) Shared power to vote or to direct the
vote: 1,516,021
(iii) Sole power to dispose or to direct
the disposition of: -0-
(iv) Shared power to dispose or to direct
the disposition of: 1,516,021
Mr. Druckenmiller
-----------------
(i) Sole power to vote or to direct the
vote:
-0-
(ii) Shared power to vote or to direct the
vote: 1,516,021
(iii) Sole power to dispose or to direct
the disposition of: -0-
(iv) Shared power to dispose or to direct
the disposition of: 1,516,021
Item 5 Ownership of Five Percent or Less of a Class:
--------------------------------------------
If this statement is being filed to report
the fact that as of the date hereof, each of
the Reporting Persons have ceased to be the
beneficial owners of more than five percent
of the class of securities, check the
following [X].
Item 6 Ownership of More than Five Percent on Behalf
---------------------------------------------
of Another Person:
-----------------
Not Applicable
Item 7 Identification and Classification of the
----------------------------------------
Subsidiary Which Acquired the Security Being
--------------------------------------------
Reported on By the Parent Holding Company:
-----------------------------------------
Not Applicable
Item 8 Identification and Classification of Members
--------------------------------------------
of the Group:
------------
Not Applicable
Item 9 Notice of Dissolution of Group:
------------------------------
Not Applicable
Page 7 of 9 pages
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Item 10 Certification:
-------------
By signing below each signatory certifies that, to the best of his/its
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the Issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
Page 8 of 9 pages
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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.
Dated: March 19, 1999 SOROS FUND MANAGEMENT LLC
By: /s/ Michael C. Neus
-----------------------
Michael C. Neus
Assistant General Counsel
Dated: March 19, 1999 GEORGE SOROS
By: /s/ Michael C. Neus
-----------------------
Michael C. Neus
Attorney-in-Fact
Dated: March 19, 1999 STANLEY F. DRUCKENMILLER
By: /s/ Michael C. Neus
-----------------------
Michael C. Neus
Attorney-in-Fact
Page 9 of 9 pages
