<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------------------------
AMENDMENT NO. 18
to
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13-2(a)
IRVINE APARTMENT COMMUNITIES, INC.
-----------------
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
---------------------------
(Title of Class of Securities)
463606-10
--------------
(CUSIP Number)
Michael D. McKee, Esq.
The Irvine Company
550 Newport Center Drive
Newport Beach, CA 92660
(714) 720-2333
----------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 30, 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 subject of this Schedule 13D, and is filing this
statement because of Rule 13d-1(b)(3) or (4), check the following box: [ ]
Page 1 of 11 Pages
<PAGE> 2
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CUSIP NO. 463606-10 PAGE 2 OF 11 PAGES
- ------------------------ ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE IRVINE COMPANY
13-3177751
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
[what type of funds were used to purchase the securities (e.g., working
capital, bank loan, etc.)]
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
28,077,118
Number of --------------------------------------------------------------
Stock 8 SHARED VOTING POWER
Beneficially -0- (SEE ITEM 5)
Owned By --------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER
Reporting 28,077,118
Person --------------------------------------------------------------
With 10 SHARED DISPOSITIVE POWER
-0- (SEE ITEM 5)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,077,118 (SEE ITEM 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
62.7% (SEE ITEM 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
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CUSIP NO. 463606-10 PAGE 3 OF 11 PAGES
- ------------------------ ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TIC INVESTMENT COMPANY A
33-0713216
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
[what type of funds were used to purchase the securities (e.g., working
capital, bank loan, etc.)]
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0- (SEE ITEM 5)
Number of --------------------------------------------------------------
Stock 8 SHARED VOTING POWER
Beneficially -0- (SEE ITEM 5)
Owned By --------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER
Reporting -0- (SEE ITEM 5)
Person --------------------------------------------------------------
With 10 SHARED DISPOSITIVE POWER
-0- (SEE ITEM 5)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,502,105 (SEE ITEM 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9% (SEE ITEM 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
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CUSIP NO. 463606-10 PAGE 4 OF 11 PAGES
- ------------------------ ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TIC INVESTMENT COMPANY C
33-0713816
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
[what type of funds were used to purchase the securities (e.g., working
capital, bank loan, etc.)]
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0- (SEE ITEM 5)
Number of --------------------------------------------------------------
Stock 8 SHARED VOTING POWER
Beneficially -0- (SEE ITEM 5)
Owned By --------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER
Reporting -0- (SEE ITEM 5)
Person --------------------------------------------------------------
With 10 SHARED DISPOSITIVE POWER
-0- (SEE ITEM 5)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,034,105 (SEE ITEM 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.1% (SEE ITEM 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
- ------------------------ ------------------
CUSIP NO. 463606-10 PAGE 5 OF 11 PAGES
- ------------------------ ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TIC INVESTMENT COMPANY D
33-0713817
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
[what type of funds were used to purchase the securities (e.g., working
capital, bank loan, etc.)]
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0- (SEE ITEM 5)
Number of --------------------------------------------------------------
Stock 8 SHARED VOTING POWER
Beneficially -0- (SEE ITEM 5)
Owned By --------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER
Reporting -0- (SEE ITEM 5)
Person --------------------------------------------------------------
With 10 SHARED DISPOSITIVE POWER
-0- (SEE ITEM 5)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,185,333 (SEE ITEM 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6% (SEE ITEM 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
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CUSIP NO. 463606-10 PAGE 6 OF 11 PAGES
- ------------------------ ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DONALD L. BREN
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
[what type of funds were used to purchase the securities (e.g., working
capital, bank loan, etc.)]
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
183,325
Number of --------------------------------------------------------------
Stock 8 SHARED VOTING POWER
Beneficially 0
Owned By --------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER
Reporting 183,325
Person --------------------------------------------------------------
With 10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
183,325 (SEE ITEM 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.9% (SEE ITEM 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 7
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CUSIP NO. 463606-10 PAGE 7 OF 11 PAGES
- ------------------------ ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TIC ACQUISITION LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
[what type of funds were used to purchase the securities (e.g., working
capital, bank loan, etc.)]
BK, AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (SEE ITEM 5)
Number of --------------------------------------------------------------
Stock 8 SHARED VOTING POWER
Beneficially 0 (SEE ITEM 5)
Owned By --------------------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER
Reporting 0 (SEE ITEM 5)
Person --------------------------------------------------------------
With 10 SHARED DISPOSITIVE POWER
0 (SEE ITEM 5)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (SEE ITEM 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (SEE ITEM 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 8
This Amendment No. 18 to Schedule 13D amends the Schedule 13D dated
September 8, 1998, as previously amended (as so amended, the "Schedule 13D").
Unless otherwise indicated, all capitalized terms used herein shall have the
same meaning as provided in the Schedule 13D.
Item 4. Purpose of Transaction.
- ------- -----------------------
Item 4 is hereby amended by inserting the following paragraph
immediately before the final paragraph thereof:
"In response to TIC Acquisition's proposal, the Company formed a
committee of independent directors (the "Independent Directors") to
evaluate the Proposed Business Combination, and has retained legal
counsel and financial advisers to assist the Company in evaluating and,
if appropriate, negotiating the Proposed Business Combination. TIC
Acquisition and its representatives have engaged and plan to engage
further the Independent Directors and their representatives in
discussions and negotiations regarding the Proposed Business
Combination. In this regard, TIC Acquisition and its representatives
plan, among other things, to conduct in-person and telephonic meetings
with, exchange certain information with, deliver drafts of documents to,
exchange comments regarding documents with, and ultimately reach
agreement with, the Independent Directors and their representatives, in
all cases with a view toward successfully completing the Proposed
Business Combination."
Item 7. Material to be Filed as Exhibits.
- ------- ---------------------------------
Item 7 is hereby amended by inserting the following:
Exhibit Description
------- -----------
99.6 Letter dated December 31, 1998 from TIC Acquisition LLC to
Irvine Apartment Communities, Inc.
8
<PAGE> 9
SIGNATURES
----------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct. Date: January 4, 1999
THE IRVINE COMPANY
By: /S/ MICHAEL D. MCKEE
-------------------------------
Name: Michael D. McKee
Title: Executive Vice President
TIC INVESTMENT COMPANY A
By: THE IRVINE COMPANY, its
managing general partner
By: /S/ MICHAEL D. MCKEE
--------------------------
Name: Michael D. McKee
Title: Executive Vice President
TIC INVESTMENT COMPANY C
By: THE IRVINE COMPANY, its
managing general partner
By: /S/ MICHAEL D. MCKEE
--------------------------
Name: Michael D. McKee
Title: Executive Vice President
TIC INVESTMENT COMPANY D
By: THE IRVINE COMPANY, its
managing general partner
By: /S/ MICHAEL D. MCKEE
--------------------------
Name: Michael D. McKee
Title: Executive Vice President
DONALD L. BREN
By: /S/ MICHAEL D. MCKEE
---------------------------------
Michael D. McKee as
Attorney-in-fact for Mr. Bren
9
<PAGE> 10
TIC ACQUISITION LLC
By: THE IRVINE COMPANY, its Managing
Member
By: /S/ MICHAEL D. MCKEE
--------------------------
Name: Michael D. McKee
Title: Executive Vice President
10
<PAGE> 11
EXHIBIT INDEX
The Exhibit Index is hereby amended to insert the following
Exhibit Description
- ------- -----------
99.6 Letter dated December 31, 1998 from TIC Acquisition LLC
to Irvine Apartment Communities, Inc.
<PAGE> 12
Exhibit C is hereby retitled as follows:
"SCHEDULE C
DIRECTORS AND EXECUTIVE OFFICERS OF IRVINE COMMUNITY DEVELOPMENT COMPANY"
-------------------------------------------------------------------------
<PAGE> 1
EXHIBIT 99.6
[TIC ACQUISITION LLC LETTERHEAD]
- --------------------------------------------------------------------------------
December 31, 1998
To the Special Committee
Irvine Apartment Communities, Inc.
550 Newport Center Drive, Third Floor
Newport Beach, California 92660
Attention: Messrs. Anthony Frank and Buzz McCoy
Gentlemen:
As has been discussed, this letter will confirm that we are extending the
time for you to respond to our proposal of December 1, 1998 from December 31,
1998 to January 18, 1999.
It is our expectation that negotiations will be finalized by that time for
the benefit of all shareholders. We stand ready to meet with you at your
earliest convenience to resolve matters with regard to the proposal.
Very truly yours,
/S/ MICHAEL D. MCKEE
-----------------------------------
Michael D. McKee
