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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
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 15,238,789 (includes 2,766,317 Shares that may be
acquired upon exercise of Warrants)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
27,897,917* (consisting of Shares issuable upon
OWNED BY conversion of convertible notes)
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 15,238,789 (includes 2,766,317 Shares that may be
acquired upon exercise of Warrants)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
27,897,917* (consisting of Shares issuable upon
conversion of convertible notes)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
43,009,406* Shares (includes 2,766,317 Shares that may be acquired upon
exercise of Warrants and 27,897,917 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
81.6%*
- --------------------------------------------------------------------------------
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. As of June 5, 1997, PTR and ATLANTIC held approximately
$191.7 million of notes, which at face mortgage amount are convertible into
16,678,936 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
- --------------------------------------------------------------------------------
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
46.4%*
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
- --------------------------------------------------------------------------------
* Assumes the maximum amount of notes have been funded under the funding
commitment agreement between PTR and Homestead. As of June 5, 1997, PTR held
approximately $152.9 million of notes, which at face mortgage amount are
convertible into 13,303,578 Shares.
<PAGE>
- -----------------------------------
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
27.7%*
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
- --------------------------------------------------------------------------------
* Assumes the maximum amount of notes have been funded under the funding
commitment agreement between ATLANTIC and Homestead. As of June 5, 1997,
ATLANTIC held approximately $38.8 million of notes, which at face mortgage
amount are convertible into 3,375,358 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............ 43,009,406(3) 81.6%
William D. Sanders............................. 232,486(4) 1.0
Samuel W. Bodman............................... 0 *
Hermann Buerger................................ 12,000(5) *
John P. Frazee, Jr............................. 6,758(6) *
Cyrus F. Freidheim, Jr......................... 1,102 *
H. Laurance Fuller............................. 216 *
Ray L. Hunt.................................... 85,237(7) *
Peter S. Willmott.............................. 3,447 *
Thomas G. Wattles.............................. 1,837 *
Security Capital Pacific Trust................. 19,246,402 46.4
C. Ronald Blankenship.......................... 7,311 *
Calvin K. Kessler.............................. 4,680 *
James H. Polk, III............................. 10,500 *
John C. Schweitzer............................. 8,316(8) *
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............................... 1,983 *
Jeffrey A. Klopf............................... 0 *
Jay S. Jacobson................................ 0 *
Mark N. Tennisson.............................. 108 *
Security Capital Atlantic Incorporated......... 8,524,215 27.7
Manuel A. Garcia, III.......................... 40,616(9) *
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>
<PAGE>
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, Buerger Frazee, Freidheim, Fuller, Hunt, Willmott and
Wattles, 197,183, 0, 12,000, 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, 2,536, 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 2,508, 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 34.6% of
PTR's outstanding common shares and 51.4% 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 2,766,317 Shares that may be
acquired upon exercise of Warrants. 12,472,472 Shares and Warrants to
acquire 2,766,317 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 2,286,295 Shares, are, or will be, pledged to
secure a $300 million revolving line of credit facility with a syndicate of
banks. As of June 5, 1997, there were approximately $50 million in
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 $2.8 billion as of June 5, 1997. Security
Capital was in compliance with all covenants under the line of credit as of
March 31, 1997.
(4) 127,566 Shares are, or will be, owned by Mr. Sanders directly. Mr. Sanders
may be deemed to beneficially own 104,920 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.
(5) Includes Warrants to acquire 10,000 Shares held jointly with his wife and
Warrants to acquire 1,000 Shares held by a trust for the benefit of Mr.
Buerger's daughter.
(6) Includes options to acquire 4,000 Shares.
(7) Includes 330 Shares held by family trusts for which Mr. Hunt is trustee;
1,097 Shares for which Mr. Hunt shares beneficial ownership pursuant to
powers of attorney; 5,521 Shares held by a family limited partnership of
which a corporation that Mr. Hunt owns is the general partner, and 330
Shares held by a corporation that Mr. Hunt owns. Does not include 330
Shares owned by Ms. Hunt as separate property and 23,479 Shares held by
Hunt Financial Corporation, the capital stock of which is held, indirectly
through a series of corporations, by trusts for the benefit of Mr. Hunt and
members of his family, as to which Mr. Hunt disclaims beneficial ownership.
(8) Includes 1,332 Shares and Warrants to purchase 894 Shares held by a
partnership for which Mr. Schweitzer is a general partner, 494 Shares
and Warrants to purchase 332 Shares held by a corporation that Mr.
Schweitzer owns and options to acquire 2,000 shares.
(9) Includes 10,000 Shares and Warrants to acquire 1,022 Shares held by a trust
for which Mr. Garcia is trustee and options to acquire 2,000 shares.
(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 April 24, 1997, Mr. Garcia purchased 2,477 Shares at a purchase price of
$16.50 per Share; on May 19, 1997, Security Capital purchased 1,000 Warrants at
a purchase price of $8.25 per Warrant; on May 20, 1997, Security Capital
purchased 5,200 Warrants at a purchase price of $8.3125 per Warrant; on May 21,
1997, Security Capital purchased 13,100 Warrants at an average purchase price of
$8.2667 per Warrant; on May 22, 1997, Security Capital purchased 44,800 Warrants
at a purchase price of $8.50 per Warrant; on May 23, 1997, Security Capital
purchased 28,700 Warrants at an average purchase price of $8.6106 per Warrant
and a foundation of which Mr. Sanders is a director sold 1,571 Shares at a sales
price of $18.00 per Share and 1,054 Warrants at a sales price of $8.625 per
Warrant; on May 27, 1997, Security Capital purchased 24,400 Warrants at an
average purchase price of $8.4242 per Warrant and Mr. Allen purchased 1,000
Shares at an average purchase price of $17.3175 per Share; on May 28, 1997,
Security Capital purchased 2,600 Warrants at a purchase price of $8.25 per
Warrant and Security Capital exercised 500,000 Warrants at $10.00 per Warrant;
on May 29, 1997, Security Capital purchased 2,400 Warrants at a purchase price
of $8.25 per Warrant; on May 30, 1997, Security Capital purchased 7,500 Warrants
at a purchase price of $8.125 per Warrant; on June 3, 1997, Security Capital
purchased 10,300 Warrants at a purchase price of $8.125 per Warrant; and on June
5, 1997, Security Capital purchased 1,400 Warrants at a purchase price of $8.25
per Warrant.
<PAGE>
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: June 6, 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
---------------------------------
Name: Jeffrey A. Klopf
Title: Secretary
SECURITY CAPITAL GROUP INCORPORATED
By: /s/ Jeffrey A. Klopf
---------------------------------
Name: Jeffrey A. Klopf
Title: Secretary
