SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 3 to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Marvel Enterprises,Inc.
(formerly Toy Biz, Inc.)
-----------------------
(Name of Issuer)
Common Stock, $.01 par value
----------------------------
(Title of Class of Securities)
57383M 10 8
-----------
(CUSIP Number)
Alan S. Cooper
Dickstein Partners Inc.
660 Madison Avenue, 16th Floor
New York, New York 10021
(212) 754-4000
--------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
August 11, 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), 13(d)-1(f) or 13d-1(g), check the following
box: |_|
Page 1 of 16 pages
<PAGE>
SCHEDULE 13D
CUSIP No.57383M 10 8 Page 2 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN & CO., L.P.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5
(b) [_]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC, 00 (See Item 3)
- --------------------------------------------------------------------------------
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 3,697,044 (See Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING Not Applicable
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
3,697,044 (See Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,697,044/1/ (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Item 5) [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.2% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
- ------------
/1/ Includes 2,667,848 shares of Common Stock that the Reporting Person has the
right to acquire upon conversion of 2,567,708 shares of the Issuer's 8%
Convertible Exchangeable Preferred Stock (the "Preferred Stock") held by the
Reporting Person.
<PAGE>
SCHEDULE 13D
CUSIP No.57383M 10 8 Page 3 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN FOCUS FUND L.P.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5
(b) [_]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC, 00 (See Item 3)
- --------------------------------------------------------------------------------
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 256,437 (See Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING Not Applicable
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
256,437 (See Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
256,437/2/ (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Item 5) [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
- --------
/2/ Consists of 256,437 shares of Common Stock that the Reporting Person has the
right to acquire upon conversion of 246,812 shares of Preferred Stock held by
the Reporting Person.
<PAGE>
SCHEDULE 13D
CUSIP No.57383M 10 8 Page 4 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN INTERNATIONAL LIMITED
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5
(b) [_]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC, 00 (See Item 3)
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
BRITISH VIRGIN ISLANDS
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 902,886 (See Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING Not Applicable
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
902,886 (See Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
902,886/3/ (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Item 5) [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.6% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
- --------
/3/Includes 888,553 shares of Common Stock that the Reporting Person has the
right to acquire upon conversion of 855,201 shares of Preferred Stock held by
the Reporting Person.
<PAGE>
SCHEDULE 13D
CUSIP No.57383M 10 8 Page 5 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN PARTNERS, L.P.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5
(b) [_]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
AF, 00 (See Item 3)
- --------------------------------------------------------------------------------
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 Not Applicable
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING 3,953,481 (See Item 5)
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
Not Applicable
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
3,953,481 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,953,481/4/ (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Item 5) [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.8% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
- --------
/4/ Includes 2,924,285 shares of Common Stock issuable upon conversion of
2,814,520 shares of Preferred Stock that may be deemed to be beneficially owned
by the Reporting Person.
<PAGE>
SCHEDULE 13D
CUSIP No.57383M 10 8 Page 6 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN PARTNERS INC.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5
(b) [_]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
AF, 00 (See Item 3)
- --------------------------------------------------------------------------------
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 Not Applicable
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING 4,856,367 (See Item 5)
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
Not Applicable
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
4,856,367 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,856,367/5/ (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Item 5) [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.0% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
- --------
/5/ Includes 3,812,838 shares of Common Stock issuable upon conversion of
3,669,721 shares of Preferred Stock that may be deemed to be beneficially owned
by the Reporting Person.
<PAGE>
SCHEDULE 13D
CUSIP No.57383M 10 8 Page 7 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ELYSSA DICKSTEIN, JEFFREY SCHWARZ, AND ALAN COOPER AS TRUSTEES
U/T/A/D/ 12/27/88, MARK DICKSTEIN, GRANTOR
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5
(b) [_]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF, 00 (See Item 3)
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 55,129 (See Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING Not Applicable
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
55,129 (See Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
55,129/6/ (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Item 5) [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
- --------
/6/Represents shares of Common Stock issuable upon conversion of 53,060 shares
of Preferred Stock held by the Reporting Person.
<PAGE>
SCHEDULE 13D
CUSIP No.57383M 10 8 Page 8 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MARK DICKSTEIN AND ELYSSA DICKSTEIN, AS TRUSTEES OF THE MARK AND
ELYSSA DICKSTEIN FOUNDATION
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5
(b) [_]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF, 00 (See Item 3)
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 11,025 (See Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING Not Applicable
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
11,025 (See Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,025/7/ (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Item 5) [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than 0.1% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
- --------
/7/Represents shares of Common Stock issuable upon conversion of 10,612 shares
of Preferred Stock held by the Reporting Person.
<PAGE>
SCHEDULE 13D
CUSIP No.57383M 10 8 Page 9 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MARK DICKSTEIN
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5
(b) [_]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF, AF (See Item 3)
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 16,667 (See Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING 4,867,394 (See Item 5)
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
16,667 (See Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
4,867,394 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,884,061/8/ (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Item 5) [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.1% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
- --------
/8/ Includes 3,823,865 shares of Common Stock issuable upon conversion of
3,680,333 shares of Preferred Stock that may be deemed to be beneficially owned
by the Reporting Person and 6,667 shares of Common Stock issuable upon exercise
of options held by the Reporting Person.
<PAGE>
SCHEDULE 13D
CUSIP No.57383M 10 8 Page 10 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ELYSSA DICKSTEIN
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] see Item 5
(b) [_]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF, AF (See Item 3)
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 154,363 (See Item 5)
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING 66,154 (See Item 5)
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
154,363 (See Item 5)
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
66,154 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
220,517/9/ (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Item 5) [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
- --------
/9/ Consists of 154,363 shares of Common Stock that the Reporting Person has the
right to acquire upon conversion of 148,569 shares of Preferred Stock held by
the Reporting Person and 66,154 shares of Common Stock issuable upon conversion
of 63,672 shares of Preferred Stock that may be deemed to be beneficially owned
by the Reporting Person.
<PAGE>
Amendment No, 3
to
Schedule 13D
Introduction
This amends the Schedule 13D dated October 1, 1998 as amended by
Amendment No. 1 thereto, dated October 13, 1998, as amended by Amendment No. 2
thereto, dated March 4, 1999 (the "Schedule 13D"), filed by Dickstein & Co.,
L.P. ("Dickstein & Co."), Dickstein Focus Fund L.P. ("Dickstein Focus"),
Dickstein International Limited ("Dickstein International"), Dickstein Partners,
L.P. ("Dickstein Partners"), Dickstein Partners Inc. ("Dickstein Inc."), Elyssa
Dickstein, Jeffrey Schwarz, and Alan Cooper as Trustees U/T/A/D 12/27/88, Mark
Dickstein, Grantor (the "Dickstein Trust"), Mark Dickstein and Elyssa Dickstein,
as Trustees of the Mark and Elyssa Dickstein Foundation (the "Dickstein
Foundation"), Mark Dickstein and Elyssa Dickstein, with respect to the common
stock, $.01 par value (the "Common Stock"), of Marvel Enterprises, Inc., a
Delaware corporation (the "Company"). Dickstein & Co., Dickstein Focus,
Dickstein International, Dickstein Partners, Dickstein Inc., the Dickstein
Trust, the Dickstein Foundation, Mark Dickstein and Elyssa Dickstein are
collectively referred to as the "Reporting Persons." The Company's 8%
Convertible Exchangeable Preferred Stock is referred to as the "Preferred
Stock." Notwithstanding this Amendment 3, the Schedule 13D speaks as of its
respective dates.
I. Items 5(a) and 5(c) of the Schedule 13D "Interest in Securities of
the Issuer" are amended and restated as follows:
(a) The Reporting Persons beneficially own an aggregate of 5,093,551
shares of Common Stock, representing approximately 13.6%/10/ of the Common Stock
outstanding. Such shares are directly held by the Reporting Persons as follows:
<TABLE>
<CAPTION>
Common Stock Percentages of
Issuable Upon Common Stock
Conversion of Beneficially
Common Stock Preferred Stock Preferred Stock Owned
<S> <C> <C> <C> <C>
Dickstein & Co. 1,029,196 2,567,708 2,667,848 10.2%
Dickstein Focus * 246,812 256,437 0.8
Dickstein International 14,333 855,201 888,553 2.6
Dickstein Trust -- 53,060 55,129 0.6
Dickstein Foundation -- 10,612 11,025 less than 0.1
- --------
/10/ Percentages are based upon 33,532,159 shares of Common Stock reported
outstanding at July 22, 1999 in the Company's Quarterly Report on Form 10-Q
for the quarter ended June 30, 1999.
11
<PAGE>
less than
Mark Dickstein 16,667/11/ -- -- 0.1
Elyssa Dickstein -- 148,569 154,363 0.5
Each share of Preferred Stock is convertible into 1.039 shares of Common Stock
(subject to certain anti-dilution adjustments), votes generally with the Common
Stock as a single class on the basis of the number of shares of Common Stock
into which it is convertible, and votes as a separate class on certain matters
as provided in the Company's Restated Certificate of Incorporation, to which
reference is made for a complete specification of the terms of the Preferred
Stock.
The following table sets forth the percentages of the outstanding
Common Stock, the outstanding Preferred Stock and the outstanding voting power
of the Company directly held by each of the Reporting Persons:
Percentage
Percentage of Percentage of of Outstanding
Common Stock/12/ Preferred Stock/13/ Voting Power
Dickstein & Co. 3.1% 14.3% 10.2%
Dickstein Focus 0.0 1.4 0.8
Dickstein International less than 0.1 4.8 2.6
Dickstein Trust -- 0.3 0.2
Dickstein Foundation -- 0.1 less than 0.1
Mark Dickstein less than 0.1 -- less than 0.1
Elyssa Dickstein -- 0.8 0.5
Total 3.1% 21.7% 14.3%
</TABLE>
(c) The Company paid a regularly scheduled in-kind dividend on the
Preferred Stock on July 1, 1999 for the quarter ended June 30, 1999 to the
Reporting Persons as follows: Dickstein & Co., 50,347 shares; Dickstein Focus,
4,839 shares; Dickstein International, 16,768
- --------
/11/ Includes 6,667 shares issuable upon exercise of options held by Mr.
Dickstein.
/12/ Based upon 33,532,159 shares of Common Stock outstanding. See the previous
footnote.
/13/ Based upon 17,952,257 shares of Preferred Stock outstanding following
payment of an in-kind dividend for the quarter ended June 30, 1999.
12
<PAGE>
shares; Dickstein Trust, 1,040 shares; Dickstein Foundation, 208 shares; and
Elyssa Dickstein, 2,913 shares.
Except as aforesaid and as set forth on Schedule II attached hereto, none
of the persons identified in Item 2 has effected any transactions in the Common
Stock during the past 60 days. All such transactions were effected in the open
market.
13
<PAGE>
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: August 13, 1999
DICKSTEIN & CO., L.P.
By: Alan S. Cooper, as Vice President of
Dickstein Partners Inc., the general
partner of Dickstein Partners, L.P., the
general partner of Dickstein & Co., L.P.
By: /s/ Alan S. Cooper
-----------------------------
Name: Alan S. Cooper
DICKSTEIN FOCUS FUND L.P.
By: Alan S. Cooper, as Vice President of
Dickstein Partners Inc., the general
partner of Dickstein Partners, L.P., the
general partner of Dickstein Focus
Fund L.P.
By:/s/ Alan S. Cooper
-----------------------------
Name: Alan S. Cooper
DICKSTEIN INTERNATIONAL LIMITED
By: Alan S. Cooper, as Vice President of
Dickstein Partners Inc., the agent of
Dickstein International Limited
By: /s/ Alan S. Cooper
-----------------------------
Name: Alan S. Cooper
DICKSTEIN PARTNERS, L.P.
By: Alan S. Cooper, as Vice President of
Dickstein Partners Inc., the general
partner of Dickstein Partners, L.P.
By:/s/ Alan S. Cooper
------------------------------
Name: Alan S. Cooper
14
<PAGE>
DICKSTEIN PARTNERS INC.
By: Alan S. Cooper, as Vice President
By: /s/ Alan S. Cooper
-------------------
Name: Alan S. Cooper
MARK DICKSTEIN
By: /s/ Mark Dickstein
-------------------
Name: Mark Dickstein
ELYSSA DICKSTEIN
By: /s/ Elyssa Dickstein
-------------------
Name: Elyssa Dickstein
ELYSSA DICKSTEIN, JEFFREY SCHWARZ,
AND ALAN S. COOPER AS TRUSTEES U/T/A/D
12/27/88, MARK DICKSTEIN, GRANTOR
By: /s/ Alan S. Cooper
-------------------
Name: Alan S. Cooper
MARK DICKSTEIN AND ELYSSA DICKSTEIN
AS TRUSTEES OF THE MARK AND ELYSSA
DICKSTEIN FOUNDATION
By: /s/ Mark Dickstein
-------------------
Name: Mark Dickstein
15
<PAGE>
Schedule II
Transactions in Common
Stock of
Marvel Enterprises, Inc.
Shares Sold by Dickstein & Co, L.P.
Number of
Shares Price per Total
Date Sold Share Commission Proceeds
8/11/99 280,433 6.0625 16,825.98 1,683,299.08
Shares Sold by Dickstein Focus Fund L.P.
Number of
Shares Price per Total
Date Sold Share Commission Proceeds
8/11/99 54,567 6.0625 3,274.02 327,538.42
8/12/99 45,433 5.8610 2,725.98 263,556.83
- --------------------------------------------------------------------------------
Total 100,000 591,095.25
Shares sold By Dickstein International Limited
Number of
Shares Price per Total
Date Sold Share Commission Proceeds
8/12/99 85,667 5.8610 5,140.02 496,954.27
16
