SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
QUINTILES TRANSNATIONAL CORP.
(Name of Issuer)
COMMON SHARES, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
748767 10 0
(CUSIP Number)
September 25, 1998, September 28, 1998, September 29, 1998, October 15, 1998,
October 16, 1998 and October 20, 1998
(Date of Events 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
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).
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CUSIP No. 748767 10 0 Page 2 of 6
________________________________________________________________________________
1) NAME OF REPORTING PERSONS OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Barrie Stevens Haigh
________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [_]
(b) [X]
________________________________________________________________________________
3) SEC USE ONLY
________________________________________________________________________________
4) CITIZENSHIP OR PLACE OF ORGANIZATION:
United Kingdom
________________________________________________________________________________
NUMBER OF 5) SOLE VOTING POWER
SHARES 4,225,616
_________________________________________________________________
BENEFICIALLY 6) SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7) SOLE DISPOSITIVE POWER
REPORTING 4,225,616
_________________________________________________________________
PERSON 8) SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,976,186(1)
________________________________________________________________________________
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
N/A
________________________________________________________________________________
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.5%(2)
________________________________________________________________________________
12) TYPE OF REPORTING PERSON (See Instructions):
IN
________________________________________________________________________________
(1) 895,000 Shares are held by the CF Villture Fund (the "CF Villture Fund"), a
unit trust governed by English law, which is controlled by Barrie Stevens
Haigh and Stella Dorothy Haigh by virtue of their holding more than 75% of
the total issued units. If Barrie Stevens Haigh and Stella Dorothy Haigh
caused the dissolution of the CF Villture Fund, Barrie Stevens Haigh would
be deemed to beneficially own 750,570 Shares because upon dissolution he
would receive 569,666 Shares directly and 180,904 Shares as trustee (along
with Stella Dorothy Haigh and Alexandra R.A. Miller) of the Barrie Haigh
Children's Settlement No. 1 and Barrie Haigh Children's Settlement No. 2.,
respectively. In addition, in transactions expected to close on October 22,
1998 and October 23, 1998, the CF Villture Fund will dispose of 245,000
Shares, causing the number of Shares deemed to be beneficially owned by
Barrie Steven Haigh (as described in the previous sentence) to decline by
205,463 Shares. For the purposes of these calculations the Shares received
by Barrie Stevens Haigh as trustee are also deemed to be beneficially owned
by Stella Dorothy Haigh as a result of both persons serving as trustees of
the Barrie Haigh Children's Settlement No.1 and the Barrie Haigh Children's
Settlement No. 2., respectively.
(2) In addition, as stated in footnote 1 the CF Villture will dispose of
245,000 Shares in transactions expected to close on October 22, 1998 and
October 23, 1998, causing the number of Shares deemed to be beneficially
owned by Barrie Stevens Haigh to decline by 205,463 Shares and the
percentage of the total outstanding Shares beneficially owned by him to
decline to 6.2%.
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CUSIP No. 748767 10 0 Page 3 of 6
________________________________________________________________________________
1) NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Stella Dorothy Haigh
________________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [_]
(b) [X]
________________________________________________________________________________
3) SEC USE ONLY
________________________________________________________________________________
4) CITIZENSHIP OR PLACE OF ORGANIZATION:
United Kingdom
________________________________________________________________________________
NUMBER OF 5) SOLE VOTING POWER
SHARES 424,370(3)
_________________________________________________________________
BENEFICIALLY 6) SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7) SOLE DISPOSITIVE POWER
REPORTING 424,370(3)
_________________________________________________________________
PERSON 8) SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
749,704(3)(4)
________________________________________________________________________________
10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
N/A
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.0%(5)
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (See Instructions):
IN
________________________________________________________________________________
(3) 14,055 Shares are held under the name of Stella Freeman, the maiden name of
Stella Dorothy Haigh.
(4) 895,000 Shares are held by the CF Villture Fund which is controlled by
Barrie Stevens Haigh and Stella Dorothy Haigh by virtue of their holding
more than 75% of the total issued units. If Barrie Stevens Haigh and Stella
Dorothy Haigh caused the dissolution of the CF Villture Fund, Stella
Dorothy Haigh would be deemed to beneficially own 325,334 Shares because
upon dissolution she would receive 144,430 Shares directly and 180,904
Shares as trustee (along with Barrie Stevens Haigh and Alexandra R.A.
Miller) of the Barrie Haigh Children's Settlement No. 1 and Barrie Haigh
Children's Settlement No. 2, respectively. In addition, in transactions
expected to close on October 22, 1998 and October 23, 1998, the CF Villture
Fund will dispose of 245,000 Shares, causing the number of Shares deemed to
be beneficially owned by Stella Dorothy Haigh (as described in the previous
sentence) to decline by 89,058 Shares. For the purposes of these
calculations the Shares received by Stella Dorothy Haigh as trustee are
also deemed to be beneficially owned by Barrie Stevens Haigh as a result of
both persons serving as trustees of the Barrie Haigh Children's Settlement
No.1 and the Barrie Haigh Children's Settlement No. 2, respectively.
(5) In addition, as stated in footnote 4 of the CF Villture will dispose of
245,000 Shares in transactions expected to close on October 22, 1998 and
October 23, 1998, causing the number of Shares deemed to be beneficially
owned by Stella Dorothy Haigh to decline by 89,058 Shares and the
percentage of the total outstanding Shares beneficially owned by her to
decline to 0.9%.
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CUSIP No. 748767 10 0 Page 4 of 6
This Schedule 13G (the "Schedule 13G") is being filed with the Securities and
Exchange Commission (the "Commission") jointly by Barrie Stevens Haigh and
Stella Dorothy Haigh (together the "Reporting Persons"), with respect to the
common stock, par value $0.01 per share ("Shares"), of Quintiles Transnational
Corp., a North Carolina corporation (the "Company"). As stated in the
Commission's recent release adopting amendments to beneficial ownership
reporting requirements, the filing of the Schedule 13G will be deemed to amend
an existing Schedule 13D. (See Commission Release No. 34-39538). Therefore, the
Schedule 13G is deemed to amend and supplement the Reporting Persons' Amendment
No.1 to the Schedule 13D (the "Amendment No. 1 to Schedule 13D") filed with the
Commission on March 24, 1998. The Reporting Persons have switched from Schedule
13D to Schedule 13G because they prefer to use the short-form Schedule 13G
instead of the long form Schedule 13D and they are able to satisfy the
eligibility requirements necessary in order to use Schedule 13G.
Item 1(a) Name of Issuer:
Quintiles Transnational Corp.
Item 1(b) Address of Issuer's Principal Executive Offices:
4709 Creekstone Dr.
Riverbirch Building
Suite 200
Durham, NC 27703-8411
Item 2(a) Name of Persons Filing:
Barrie Stevens Haigh
Stella Dorothy Haigh
Item 2(b) Address of Principal Business Office:
For Barrie Stevens Haigh, the address of his principal business office is:
Turville Court Estate
Turville Heath
Nr. Henley-on-Thames
Oxon RG9 6JT
England
Stella Dorothy Haigh has no business address.
Item 2(c) Citizenship:
The citizenship of both Reporting Persons is the United Kingdom
Item 2(d) Title of Class of Securities:
Common Stock
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CUSIP No. 748767 10 0 Page 5 of 6
Item 2(e) CUSIP Number:
748767100
Item 3
As stated on the coverpage, this Schedule 13G is being filed pursuant to
Rule 13d-1(c).
Item 4 Ownership
Each Reporting Person is deemed to beneficially own the number of Shares
and, based on information contained in the most recent publicily available
filings of the Company with the Commission, the percentage of outstanding
Shares listed in the responses to Items 9 and 11 of pages two and three
filed herewith relating to such Reporting Person. In addition, the numbers
of Shares with respect to which each Reporting Person (i) has sole voting
power, (ii) shares voting power, (iii) has sole dispositive power and (iv)
shares dispositive power, are listed in the responses to Items 5, 6, 7 and
8, respectively, of pages two and three filed herewith relating to such
Reporting Person.
Until September 18, 1998 all of the Shares beneficially owned by the
Reporting Persons were held in the name of a nominee of Morgan Stanley &
Co. International Limited, the Reporting Persons' broker. On September 18,
1998 Barrie Stevens Haigh transferred 1.5 million Shares to the CF Villture
Fund, a fund controlled by the Reporting Persons by virtue of their holding
more than 75% of the issued units. Presently the Reporting Persons own or
have shared voting power with respect to all of the units in the CF
Villture Fund.
Since the filing of Amendment No. 1 to Schedule 13D the Reporting Persons
and the CF Villture Fund have sold Shares in a number of brokered
transactions at the closing dates, amounts and prices indicated below:
Seller(6) Closing Date Amount of Shares Price
Barrie Stevens Haigh May 5, 1998 200,000 $49.12
Barrie Stevens Haigh May 6, 1998 62,500 $49.29
Barrie Stevens Haigh May 7, 1998 37,500 $49.00
Barrie Stevens Haigh May 8, 1998 67,500 $49.44
Barrie Stevens Haigh May 11, 1998 30,000 $48.99
Barrie Stevens Haigh May 14, 1998 65,000 $49.70
Barrie Stevens Haigh May 15, 1998 37,500 $49.58
Barrie Stevens Haigh May 18, 1998 55,000 $49.84
Barrie Stevens Haigh May 19, 1998 45,000 $50.24
Stella Dorothy Haigh June 15, 1998 100,000 $51.00
CF Villture Fund(7) September 25, 1998 100,000 $45.77
CF Villture Fund(7) September 28, 1998 100,000 $46.54
(6) In addition, in transactions expected to close on October 22, 1998 and
October 23, 1998, the CF Villture Fund will dispose of an addition 245,000
Shares.
(7) The CF Villture Fund is controlled by the Reporting Persons by virtue of
their holding more than 75% of the issued units.
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CUSIP No. 748767 10 0 Page 6 of 6
CF Villture Fund(7) September 29, 1998 200,000 $47.89
CF Villture Fund(7) October 15, 1998 100,000 $47.73
CF Villture Fund(7) October 16, 1998 100,000 $46.32
CF Villture Fund(7) October 20, 1998 5,000 $49.75
(7) The CF Villture Fund is controlled by the Reporting Persons by virtue of
their holding more than 75% of the issued units.
It is presently expected that, subject to market conditions, the CF
Villture Fund and the Reporting Persons will from time to time sell further
Shares.
Item 5 Ownership of 5% or Less of a Class
N/A
Item 6 Ownership of More than 5% on Behalf of Another Person
N/A
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
N/A
Item 8 Identification and Classification of Members of the Group
N/A
Item 9 Notice of Dissolution of the Group
N/A
Item 10 Certification
By signing below, I certify that, to the best of my 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.
Signatures
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: October 20, 1998
/s/ Barrie Stevens Haigh
----------------------------
Barrie Stevens Haigh
/s/ Stella Dorothy Haigh
----------------------------
Stella Dorothy Haigh
