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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
Homestead Village Incorporated
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
Warrants to Purchase Shares of Common Stock
(Title of Class of Securities)
437851 10 8
437851 11 6
(CUSIP Number of Class of Securities)
Jeffrey A. Klopf, Secretary
Security Capital Group Incorporated
125 Lincoln Avenue
Santa Fe, New Mexico 87501
(505) 982-9292
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
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- -----------------------------------
CUSIP NOS. 437851 10 8; 437851 11 6
- -----------------------------------
- --------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Security Capital Group Incorporated
36-3692698
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC, BK, OO
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [_]
5
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
STATE OF MARYLAND
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 14,442,894 (includes 2,970,422 Shares that may be
acquired upon exercise of Warrants)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
27,770,617* (consisting of Shares issuable upon
OWNED BY conversion of convertible notes)
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 14,442,894 (includes 2,970,422 Shares that may be
acquired upon exercise of Warrants)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
27,770,617* (consisting of Shares issuable upon
conversion of convertible notes)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
42,213,511* Shares (includes 2,970,422 Shares that may be acquired upon
exercise of Warrants and 27,770,617 Shares issuable upon conversion of
convertible notes)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
75.7%*
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
- --------------------------------------------------------------------------------
* Assumes the maximum amount of notes have been funded under the funding
commitment agreements between Homestead and Security Capital Pacific Trust
("PTR") and Security Capital Atlantic Incorporated ("ATLANTIC"),
respectively. From October 17, 1996 to March 31, 1997, approximately $77
million has been funded under the agreements, which at face mortgage amount
is convertible into 12,901,893 Shares.
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- -----------------------------------
CUSIP NOS. 437851 10 8; 437851 11 6
- -----------------------------------
- --------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Security Capital Pacific Trust
74-6056896
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC, BK, OO
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [_]
5
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
STATE OF MARYLAND
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF - 0 -
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
19,246,402* (consisting of Shares issuable upon
OWNED BY conversion of convertible notes)
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING - 0 -
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
19,246,402* (consisting of Shares issuable upon
conversion of convertible notes)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
19,246,402* Shares (consisting of Shares issuable upon conversion of
convertible notes)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
47.6%*
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
- --------------------------------------------------------------------------------
* Assumes the maximum amount of notes have been funded under the funding
commitment agreement between PTR and Homestead. From October 17, 1996 to
March 31, 1997, approximately $57 million has been funded under the
agreement, which at face mortgage amount is convertible into 11,367,639
Shares.
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- -----------------------------------
CUSIP NOS. 437851 10 8; 437851 11 6
- -----------------------------------
- --------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Security Capital Atlantic Incorporated
85-0415503
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC, BK, OO
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [_]
5
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
STATE OF MARYLAND
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF - 0 -
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
8,524,215* (consisting of Shares issuable upon
OWNED BY conversion of convertible notes)
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING - 0 -
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
8,524,215* (consisting of Shares issuable upon
conversion of convertible notes)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
8,524,215* Shares (consisting of Shares issuable upon conversion of
convertible notes)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
28.7%*
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
- --------------------------------------------------------------------------------
* Assumes the maximum amount of notes have been funded under the funding
commitment agreement between ATLANTIC and Homestead. From October 17, 1996 to
March 31, 1997, $20 million has been funded under the agreement, which at
face mortgage amount is convertible into 1,535,254 Shares.
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SCHEDULE 13D
Item 1. Security and Issuer
Shares of Common Stock, par value $.01 per share (the "Shares"), of
Homestead Village Incorporated ("Homestead"), and warrants to purchase Shares
("Warrants"), 2030 Powers Ferry Road, Suite 222, Atlanta, Georgia 30339.
Item 5. Interest in Securities of the Issuer
(a),(b) The following table sets forth the beneficial ownership of Shares
for each person named in Item 2. Unless otherwise indicated in the footnotes,
each such person has sole power to vote or to direct the vote and sole power to
dispose or direct the disposition of such Shares.
<TABLE>
<CAPTION>
Number of Shares Percent of
Person Beneficially Owned(1) All Shares(2)
- ------ ----------------------- -------------
<S> <C> <C>
Security Capital Group Incorporated............ 42,213,511(3) 75.7%
William D. Sanders............................. 232,486(4) 1.1
Samuel W. Bodman............................... 0 *
John P. Frazee, Jr............................. 2,758 *
Cyrus F. Freidheim, Jr......................... 1,102 *
H. Laurance Fuller............................. 216 *
Ray L. Hunt.................................... 109,929 *
Peter S. Willmott.............................. 3,448 *
Thomas G. Wattles.............................. 1,837 *
Security Capital Pacific Trust................. 19,246,402 47.6
C. Ronald Blankenship.......................... 7,311 *
Calvin K. Kessler.............................. 4,680 *
James H. Polk, III............................. 10,500 *
John C. Schweitzer............................. 3,264 *
James A. Cardwell.............................. 4,780 *
John T. Kelley, III............................ 2,739 *
William G. Myers............................... 20,490 *
R. Scot Sellers................................ 4,410 *
Patrick R. Whelan.............................. 476 *
John H. Gardner................................ 0 *
Jeffrey B. Allen............................... 983 *
Jeffrey A. Klopf............................... 0 *
Jay S. Jacobson................................ 0 *
Mark N. Tennisson.............................. 108 *
Security Capital Atlantic Incorporated......... 8,524,215 28.7
Manuel A. Garcia, III.......................... 764,408 3.5
Ned S. Holmes.................................. 2,242 *
Constance B. Moore............................. 5,597 *
James C. Potts................................. 5,996 *
John M. Richman................................ 1,851 *
J. Lindsay Freeman............................. 0 *
William Kell................................... 78 *
Bradley C. Miller.............................. 45 *
</TABLE>
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* Less than 1%
(1) Includes, for PTR and ATLANTIC, all Shares that may be issued upon
conversion of all Convertible Notes that may be outstanding upon full
funding under the Funding Commitment Agreements. Includes, for Messrs.
Sanders, Bodman, Frazee, Freidheim, Fuller, Hunt, Willmott and Wattles,
197,183, 0, 1,107, 442, 62, 44,133, 1,384 and 737 Shares, respectively,
that may be acquired upon exercise of Warrants. Includes, for Messrs.
Blankenship, Kessler, Polk, Schweitzer, Cardwell, Kelley, Myers, Sellers,
Whelan, Gardner, Allen, Klopf, Jacobson and Tennisson, 2,935, 1,879, 4,216,
1,310, 1,919, 1,100, 8,225, 1,732, 191, 0, 33, 0, 0 and 43 Shares,
respectively, that may be acquired upon exercise of outstanding Warrants.
Includes, for Ms. Moore and Messrs. Garcia, Holmes, Potts, Richman,
Freeman, Kell and Miller, 2,246 and 743,000, 898, 2,407, 743, 0, 31 and 18
Shares, respectively, that may be acquired upon exercise of outstanding
Warrants.
(2) Assumes (i) in the case of PTR and ATLANTIC, that PTR or ATLANTIC, as
applicable, has converted all Convertible Notes that may be outstanding
upon full funding under its Funding Commitment Agreement and that no other
person has converted any outstanding convertible securities and (ii) in the
case of Security Capital Group Incorporated ("Security Capital"), that each
of PTR and ATLANTIC have converted all Convertible Notes that may be
outstanding upon full funding under the Funding Commitment Agreements, that
Security Capital has exercised all of its outstanding Warrants and that no
other person has converted any outstanding convertible securities.
(3) Includes 19,246,402 Shares beneficially owned by PTR and 8,524,215 Shares
beneficially owned by ATLANTIC. As a result of its ownership of 36.0% of
PTR's outstanding common shares and 56.9% of ATLANTIC's outstanding common
stock and Security Capital's contractual arrangements with PTR and
ATLANTIC, Security Capital may be deemed to beneficially own all Shares
owned by PTR and ATLANTIC. Also includes 2,970,422 Shares that may be
acquired upon exercise of Warrants. 11,472,472 Shares and Warrants to
acquire 2,970,422 Shares are, or will be, owned of record by SC Realty
Incorporated, a wholly owned subsidiary of Security Capital, and, except
for Warrants to acquire 1,490,400 Shares, are, or will be, pledged to
secure a $300 million revolving line of credit facility with a syndicate of
banks. As of March 31, 1997, there were no borrowings outstanding under the
line of credit. The line of credit is also secured by securities owned
indirectly by Security Capital of PTR, ATLANTIC, Security Capital
Industrial Trust and Security Capital U.S. Realty, an entity based in
Luxembourg that is affiliated with Security Capital and which invests in
real estate operating companies in the United States. Security Capital
estimates that the aggregate market value of the pledged securities
exceeded $2.5 billion as of March 31, 1997. Security Capital was in
compliance with all covenants under the line of credit as of December 31,
1996.
(4) 127,565 Shares are, or will be, owned by Mr. Sanders directly. Mr. Sanders
may be deemed to beneficially own 101,421 Shares which are, or will be,
owned by Sanders Partners Incorporated and CAMPR Partners Limited, family
entities with respect to which Mr. Sanders shares voting and dispositive
power, and 3,500 Shares which are, or will be owned by a foundation of
which Mr. Sanders is a director.
(c) No transactions in Shares or Warrants were effected in the past sixty
days by the persons listed in the above table, except as previously disclosed
and: on March 20, 1997, Security Capital exercised 500,000 Warrants at $10.00
per Warrant; on February 20, 1997, Security Capital purchased 7,500 Warrants at
$8.125 per Warrant; on February 25, 1997, Security Capital purchased 7,600
Warrants at $7.75 per Warrant; on February 26, 1997, Security Capital purchased
15,500 Warrants at an average purchase price of $7.83 per Warrant; on February
27, 1997, Security Capital purchased 35,600 Warrants at $7.75 per Warrant; on
February 28, 1997, Security Capital purchased 41,500 Warrants at an average
purchase price of $7.69 per Warrant; on March 18, 1997, Security Capital
purchased 20,000 Warrants at an average purchase price of $7.69 per Warrant; on
March 19, 1997, Security Capital purchased 10,000 Warrants at $7.75 per Warrant;
on March 20, 1997, Security Capital purchased 4,100 Warrants at $7.375 per
Warrant; on March 21, 1997, Security Capital purchased 4,200 Warrants at $7.375
per Warrant; on March 24, 1997, Security Capital purchased 200 Warrants at $7.25
per Warrant; on March 25, 1997, Security Capital purchased 5,600 Warrants at
$7.25 per Warrant; on March 26, 1997, Security Capital purchased 3,200
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Warrants at $7.375 per Warrant; on March 27, 1997, Security Capital purchased
7,900 Warrants at $7.375 per Warrant; on March 31, 1997, Security Capital
purchased 5,400 Warrants at $7.25 per Warrant; on April 1, 1997, Security
Capital purchased 20,400 Warrants at an average purchase price of $7.18 per
Warrant; on April 2, 1997, Security Capital purchased 700 Warrants at an average
purchase price of $7.07 per Warrant; on April 3, 1997, Security Capital
purchased 15,200 Warrants at an average purchase price of $7.61 per Warrant; on
April 4, 1997, Security Capital purchased 2,600 Warrants at an average purchase
price of $7.25 per Warrant; and on April 8, 1997, Security Capital purchased
30,800 Warrants at an average purchase price of $7.82 per Warrant.
(d) No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
Shares owned by the persons listed in the above table.
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: April 9, 1997 SECURITY CAPITAL PACIFIC TRUST
By:/s/ Jeffrey A. Klopf
----------------------------------
Name: Jeffrey A. Klopf
Title: Secretary
SECURITY CAPITAL ATLANTIC INCORPORATED
By:/s/ Jeffrey A. Klopf
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Name: Jeffrey A. Klopf
Title: Secretary
SECURITY CAPITAL GROUP INCORPORATED
By:/s/ Jeffrey A. Klopf
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Name: Jeffrey A. Klopf
Title: Secretary
