SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
TrizecHahn Corporation
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(Name of Issuer)
Subordinate Voting Shares
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(Title of Class of Securities)
896938107
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(CUSIP Number)
Jeremiah W. O'Connor, Jr.
The O'Connor Group
399 Park Avenue
New York, NY 10022
(212) 308-7700
with a copy to:
Roger D. Turner, Esq.
Cravath, Swaine & Moore
Worldwide Plaza
825 Eighth Avenue
New York, NY 10019
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 2, 2000
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(Date of Event which Requires Filing of this Amendment)
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 ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box o.
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
Seess.240.13d-7 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, as amended (the "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 No. 896938107
1 Name of Reporting Persons
IRS Identification Nos. of Above Persons (entities only)
Argo TZH Shareholdings, LLC
06-1577882
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2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Source of Funds
OO
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5 Check Box if Disclosure of Legal Proceedings 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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7 Sole Voting Power
Number of
Shares 8,416,469
Beneficially -------------------------------------------------
Owned by Each 8 Shared Voting Power
Reporting -------------------------------------------------
Person with 9 Sole Dispositive Power
8,416,469
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10 Shared Dispositive Power
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
8,416,469
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12 Check Box If the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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13 Percent of Class Represented by Amount in Row (11)
5.58%, based on the number of Subordinated Voting Shares outstanding
as of February 29, 2000
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14 Type of Reporting Person (See Instructions)
PN
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2
<PAGE>
CUSIP No. 896938107
1 Name of Reporting Persons
IRS Identification Nos. of Above Persons (entities only)
Argo Management Company, L.P.
13-3751561
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2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Source of Funds
AF
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5 Check Box if Disclosure of Legal Proceedings 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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7 Sole Voting Power
Number of
Shares 8,416,469
Beneficially -------------------------------------------------
Owned by Each 8 Shared Voting Power
Reporting -------------------------------------------------
Person with 9 Sole Dispositive Power
8,416,469
-------------------------------------------------
10 Shared Dispositive Power
-------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
8,416,469
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12 Check Box If the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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13 Percent of Class Represented by Amount in Row (11)
5.58%, based on the number of Subordinated Voting Shares outstanding
as of February 29, 2000
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14 Type of Reporting Person (See Instructions)
PN
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3
<PAGE>
CUSIP No. 896938107
1 Name of Reporting Persons
IRS Identification Nos. of Above Persons (entities only)
O'Connor Capital Partners, L.P.
13-3747190
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2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Source of Funds
AF
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5 Check Box if Disclosure of Legal Proceedings 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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7 Sole Voting Power
Number of
Shares 8,416,469
Beneficially -------------------------------------------------
Owned by Each 8 Shared Voting Power
Reporting -------------------------------------------------
Person with
9 Sole Dispositive Power
8,416,469
-------------------------------------------------
10 Shared Dispositive Power
-------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
8,416,469
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12 Check Box If the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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13 Percent of Class Represented by Amount in Row (11)
5.58%, based on the number of Subordinated Voting Shares outstanding
as of February 29, 2000
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14 Type of Reporting Person (See Instructions)
PN
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4
<PAGE>
CUSIP No. 896938107
1 Name of Reporting Persons
IRS Identification Nos. of Above Persons (entities only)
O'Connor Capital Incorporated
13-3708170
2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [ ]
3 SEC Use Only
4 Source of Funds
AF
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6 Citizenship or Place of Organization
Delaware
7 Sole Voting Power
Number of
Shares 8,416,469
Beneficially -------------------------------------------------
Owned by Each 8 Shared Voting Power
Reporting
Person with -------------------------------------------------
9 Sole Dispositive Power
8,416,469
-------------------------------------------------
10 Shared Dispositive Power
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
8,416,469
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12 Check Box If the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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13 Percent of Class Represented by Amount in Row (11)
5.58%, based on the number of Subordinated Voting Shares outstanding
as of February 29, 2000
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14 Type of Reporting Person (See Instructions)
CO
5
<PAGE>
CUSIP No. 896938107
1 Name of Reporting Persons
IRS Identification Nos. of Above Persons (entities only)
J.W. O'Connor & Co. Incorporated
13-3165788
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2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Source of Funds
AF
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5 Check Box if Disclosure of Legal Proceedings 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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7 Sole Voting Power
Number of
Shares 8,416,469
Beneficially -------------------------------------------------
Owned by Each
Reporting 8 Shared Voting Power
Person with
-------------------------------------------------
9 Sole Dispositive Power
8,416,469
-------------------------------------------------
10 Shared Dispositive Power
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
8,416,469
-------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
-------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.58%, based on the number of Subordinated Voting Shares outstanding
as of February 29, 2000
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14 Type of Reporting Person (See Instructions)
CO
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6
<PAGE>
CUSIP No. 896938107
1 Name of Reporting Persons
IRS Identification Nos. of Above Persons (entities only)
Jeremiah W. O'Connor, Jr.
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2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Source of Funds
AF
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5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
United States
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7 Sole Voting Power
Number of
Shares 8,416,469
Beneficially -------------------------------------------------
Owned by Each
Reporting 8 Shared Voting Power
Person with -------------------------------------------------
9 Sole Dispositive Power
8,416,469
-------------------------------------------------
10 Shared Dispositive Power
-------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
8,416,469
-------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
-------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.58%, based on the number of Subordinated Voting Shares outstanding
as of February 29, 2000
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14 Type of Reporting Person (See Instructions)
IN
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7
<PAGE>
Item 1. Security and Issuer
This Amendment No. 3 to Statement on Schedule 13D (as heretofore
amended, the "Statement"), amends the Statement on Schedule 13D previously
filed by the Reporting Persons (as defined in Item 2), relating to the
Subordinate Voting Shares of TrizecHahn Corporation, a corporation organized
under the laws of Ontario, Canada (the "Company"). The principal executive
offices of the Company are located at BCE Place, 181 Bay Street, Suite 3900,
Toronto, Ontario, Dominion of Canada M5J 2T3.
Item 2. Identity and Background
Because of the distribution by Argo Partnership, L.P., of 100% of
its membership interest in Argo TZH Shareholdings, LLC ("Shareholdings"), as
more particularly described in Item 4 of Amendment No. 1 to the Statement,
Argo Partnership, L.P. no longer exerts control over Shareholdings and
accordingly has ceased to be a Reporting Person.
Item 3. Source and Amount of Funds or Other Consideration
No change.
Item 4. Purpose of Transaction
The 8,416,469 Subordinated Voting Shares of the Company (the
"Shares") were acquired for investment purposes and the Shares continue to be
held by Argo TZH Shareholdings, LLC ("Shareholdings") for such purpose.
Consistent with such investment purposes, Shareholdings may from time to time
sell or otherwise dispose of Shares. Mr. O'Connor and Mr. Thomas S. Quinn III
have resigned as members of the Company's Board of Directors, effective as of
August 2, 2000. Shareholdings does not have any contractual or other right to
designate any successors or replacements of such directors.
Item 5. Interest in Securities of the Issuer
(a)-(b) Each of the Reporting Persons is the beneficial owner of the
Shares, which represent approximately 5.58% of the outstanding Subordinated
Voting Shares of the Company (based upon the number of Subordinated Voting
Shares outstanding on February 29, 2000). Shareholdings has the sole power to
vote and dispose of the Shares and each of the other Reporting Persons has the
sole power to direct the vote and disposition of the Shares.
(c) None of the Reporting Persons nor, to the best knowledge of the
Reporting Persons, any of the persons listed on Schedule 1 hereto has effected
any transactions in the securities of the Company during the past 60 days
except as set forth in this Item 5(c).
As of August 2, 2000, certain members of Shareholdings have elected
to redeem their membership interests in Shareholdings and in connection
therewith Shareholdings has distributed to such members 664,642 Shares
previously owned by Shareholdings. Such distribution was effected pursuant to
the limited liability company agreement of Shareholdings, and the
consideration therefor was the complete redemption of the membership interests
in Shareholdings held by the electing members. It is possible that additional
members of Shareholdings will make similar elections from time to time but as
of August 2, 2000 no other additional members of Shareholdings have done so.
It is possible that members of Shareholdings that receive Shares pursuant to
the elections described herein will acquire their Shares for purposes other
than investment purposes, and that the reporting requirements and transfer
restrictions, if any, applicable to such members with respect to such Shares
will differ from those applicable to the Reporting Persons.
In addition, consistent with its investment purposes, Shareholdings
has sold an aggregate of 806,700 Shares from time to time during the 60 days
preceding the date of this Amendment No. 3. Such transactions are described on
Schedule 2 hereto.
8
<PAGE>
(d) Except as set forth herein, none of the Reporting Persons nor,
to the best knowledge of the Reporting Persons, any of the persons listed on
Schedule 1 hereto, beneficially owns or has a right to acquire directly or
indirectly any securities of the Company.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
No change.
Item 7. Material to Be Filed as Exhibits
None.
SIGNATURE
After due 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: August 8, 2000
ARGO TZH SHAREHOLDINGS, LLC
By: ARGO MANAGEMENT COMPANY, L.P., its
Manager,
By: O'CONNOR CAPITAL PARTNERS, L.P., its
General Partner,
By: O'CONNOR CAPITAL INCORPORATED, its
General Partner,
By:
/s/ Jeremiah W. O'Connor, Jr.
------------------------------------
Name: Jeremiah W. O'Connor, Jr.
Title: Chairman and Chief
Executive Officer
ARGO MANAGEMENT COMPANY, L.P.,
By: O'CONNOR CAPITAL PARTNERS, L.P., its
General Partner,
By: O'CONNOR CAPITAL INCORPORATED, its
General Partner,
By:
/s/ Jeremiah W. O'Connor, Jr.
------------------------------------
Name: Jeremiah W. O'Connor, Jr.
Title: Chairman and Chief
Executive Officer
9
<PAGE>
O'CONNOR CAPITAL PARTNERS, L.P.,
By: O'CONNOR CAPITAL INCORPORATED, its
General Partner,
By:
/s/ Jeremiah W. O'Connor, Jr.
------------------------------------
Name: Jeremiah W. O'Connor, Jr.
Title: Chairman and Chief
Executive Officer
O'CONNOR CAPITAL INCORPORATED,
By:
/s/ Jeremiah W. O'Connor, Jr.
------------------------------------
Name: Jeremiah W. O'Connor, Jr.
Title: Chairman and Chief
Executive Officer
J.W. O'CONNOR & CO. INCORPORATED,
By:
/s/ Jeremiah W. O'Connor, Jr.
------------------------------------
Name: Jeremiah W. O'Connor, Jr.
Title: Chairman and Chief
Executive Officer
/s/ Jeremiah W. O'Connor, Jr.
------------------------------------
Jeremiah W. O'Connor, Jr.
10
<PAGE>
SCHEDULE 1
Directors and Executive Officers of J.W. O'Connor & Co. Incorporated
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The name, present principal occupation and business address of each
of the directors and executive officers of J.W. O'Connor & Co. Incorporated
("OCINC") are set forth below. Each of the directors and executive officers of
OCINC is a United States citizen.
<TABLE>
<CAPTION>
<S> <C> <C>
Name Present Principal Occupation Business Address
---- ---------------------------- ----------------
Jeremiah W. O'Connor, Jr. Director and Chairman of the 399 Park Avenue
Board of OCINC. New York, NY 10022
Thomas E. Quinn Executive Vice President and Chief 399 Park Avenue
Financial Officer of OCINC. New York, NY 10022
Irwin J. Blitt Private Investor 8900 State Line
Leawood, KS 66206
Lynn Davenport Senior Vice President and Chief 7620 Market Street
Financial Officer of The Edward J. Youngstown, OH 44515-9128
DeBartolo Corporation
William O'Connor Vice President of O'Connor Global 60 Victoria Embankment
Services Limited London, EC4Y 0JP
ENGLAND
Bruce J. McCowan Private Investor Cinco Avenida Sur #19
Antigua, Guatemala
Roger D. Turner Partner, Cravath, Swaine & Moore 825 Eighth Avenue
New York, NY 10019
</TABLE>
11
<PAGE>
SCHEDULE 2
Sales of Shares (Item 5(c))
This Schedule describes sales of the Shares during the 60 days
preceding the date of this Amendment No. 3. All sales were made by
Shareholdings and were effected pursuant to open market transactions on the
New York and Toronto stock exchanges. The amount set forth below under the
caption "Price Per Share" is the sale price before deduction for brokerage
commissions and other charges. In cases where multiple sales were made on a
single day, the "Price Per Share" is the weighted average sale price for such
transactions.
Price
Amount of Shares Per
Date of Sale Sold Share
------------ ---- -----
June 29, 2000 200,000 $18.00
June 30, 2000 100,000 $18.10
July 5,2000 100,000 $18.09
July 10, 2000 250,000 $18.13
July 11, 2000 150,000 $18.25
July 21, 2000 6,700 $18.01
12
