<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. __)*
MicroStrategy Incorporated
----------------------------------------------------------------
(Name of Issuer)
Common Stock - Class A
------------------------------------------------------------
(Title of Class of Securities)
594972101
---------------------------------------
(CUSIP Number)
July 13, 2000
----------------------------------------------------
Date of Event Which Requires Filing of the 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).
Page 1 of 16
<PAGE>
------------------- ------------------
CUSIP NO. 594972101 13G Page 2 of 16 Pages
------------------- ------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Citadel Limited Partnership
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Illinois limited partnership
U.S.A.
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6. 6,000 shares of Series A Convertible Preferred Stock
(convertible into 1,797,193 shares of Class A Common
OWNED BY Stock)/1/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
See Row 6 above.
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
See Row 6 above.
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10.
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11. Approximately 6.8% as of the date of filing of this statement. (Based on
24,566,078 shares of Class A Common Stock issued and outstanding as of
June 17, 2000, plus the shares of Class A Common Stock issuable upon the
conversion of the Series A Convertible Preferred Stock referred to in Row
6 above.)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12.
PN; HC
------------------------------------------------------------------------------
/1/ The Series A Convertible Preferred Stock also accrues dividends at a rate of
7.0% per annum, payable in cash or Class A Common Stock, at the discretion of
the Issuer, quarterly beginning on the earlier of December 18, 2000 and 10 days
after a registration statement for Class A Common Stock issuable upon conversion
of the Series A Convertible Preferred Stock is declared effective. See Footnote
2 in Item 4.
<PAGE>
------------------- ------------------
CUSIP NO. 594972101 13G Page 3 of 16 Pages
------------------- ------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name GLB Partners, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware limited partnership
U.S.A.
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6. 6,000 shares of Series A Convertible Preferred Stock
(convertible into 1,797,193 shares of Class A Common
OWNED BY Stock)/1/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
See Row 6 above.
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
See Row 6 above.
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.
CERTAIN SHARES* [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11. Approximately 6.8% as of the date of filing of this statement. (Based on
24,566,078 shares of Class A Common Stock issued and outstanding as of
June 17, 2000, plus the shares of Class A Common Stock issuable upon the
conversion of the Series A Convertible Preferred Stock referred to in Row
6 above.)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12.
PN; HC
------------------------------------------------------------------------------
/1/ The Series A Convertible Preferred Stock also accrues dividends at a rate of
7.0% per annum, payable in cash or Class A Common Stock, at the discretion of
the Issuer, quarterly beginning on the earlier of December 18, 2000 and 10 days
after a registration statement for Class A Common Stock issuable upon conversion
of the Series A Convertible Preferred Stock is declared effective. See Footnote
2 in Item 4.
<PAGE>
------------------- ------------------
CUSIP NO. 594972101 13G Page 4 of 16 Pages
------------------- ------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Citadel Investment Group, L.L.C.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware limited liability company
U.S.A.
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6. 6,000 shares of Series A Convertible Preferred Stock
(convertible into 1,797,193 shares of Class A Common
OWNED BY Stock)/1/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
See Row 6 above.
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
See Row 6 above.
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.
CERTAIN SHARES* [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11. Approximately 6.8% as of the date of filing of this statement. (Based on
24,566,078 shares of Class A Common Stock issued and outstanding as of
June 17, 2000, plus the shares of Class A Common Stock issuable upon the
conversion of the Series A Convertible Preferred Stock referred to in Row
6 above.)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12.
OO; HC
------------------------------------------------------------------------------
/1/ The Series A Convertible Preferred Stock also accrues dividends at a rate of
7.0% per annum, payable in cash or Class A Common Stock, at the discretion of
the Issuer, quarterly beginning on the earlier of December 18, 2000 and 10 days
after a registration statement for Class A Common Stock issuable upon conversion
of the Series A Convertible Preferred Stock is declared effective. See Footnote
2 in Item 4.
<PAGE>
------------------- ------------------
CUSIP NO. 594972101 13G Page 5 of 16 Pages
------------------- ------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Kenneth Griffin
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
U.S. Citizen
U.S.A.
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6. 6,000 shares of Series A Convertible Preferred Stock
(convertible into 1,797,193 shares of Class A Common
OWNED BY Stock)/1/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
See Row 6 above.
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
See Row 6 above.
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.
CERTAIN SHARES* [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11. Approximately 6.8% as of the date of filing of this statement. (Based on
24,566,078 shares of Class A Common Stock issued and outstanding as of
June 17, 2000, plus the shares of Class A Common Stock issuable upon the
conversion of the Series A Convertible Preferred Stock referred to in Row
6 above.)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12.
IN
------------------------------------------------------------------------------
/1/ The Series A Convertible Preferred Stock also accrues dividends at a rate of
7.0% per annum, payable in cash or Class A Common Stock, at the discretion of
the Issuer, quarterly beginning on the earlier of December 18, 2000 and 10 days
after a registration statement for Class A Common Stock issuable upon conversion
of the Series A Convertible Preferred Stock is declared effective. See Footnote
2 in Item 4.
<PAGE>
------------------- ------------------
CUSIP NO. 594972101 13G Page 6 of 16 Pages
------------------- ------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Wellington Partners Limited Partnership
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Illinois limited partnership
U.S.A.
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6. 6,000 shares of Series A Convertible Preferred Stock
(convertible into 1,797,193 shares of Class A Common
OWNED BY Stock)/1/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
See Row 6 above.
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
See Row 6 above.
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.
CERTAIN SHARES* [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11. Approximately 6.8% as of the date of filing of this statement. (Based on
24,566,078 shares of Class A Common Stock issued and outstanding as of
June 17, 2000, plus the shares of Class A Common Stock issuable upon the
conversion of the Series A Convertible Preferred Stock referred to in Row
6 above.)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12.
PN; HC
------------------------------------------------------------------------------
/1/ The Series A Convertible Preferred Stock also accrues dividends at a rate of
7.0% per annum, payable in cash or Class A Common Stock, at the discretion of
the Issuer, quarterly beginning on the earlier of December 18, 2000 and 10 days
after a registration statement for Class A Common Stock issuable upon conversion
of the Series A Convertible Preferred Stock is declared effective. See Footnote
2 in Item 4.
<PAGE>
------------------- ------------------
CUSIP NO. 594972101 13G Page 7 of 16 Pages
------------------- ------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Wingate Capital Ltd.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Cayman Islands company
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6. 6,000 shares of Series A Convertible Preferred Stock
(convertible into 1,797,193 shares of Class A Common
OWNED BY Stock)/1/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
See Row 6 above.
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
See Row 6 above.
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.
CERTAIN SHARES* [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11. Approximately 6.8% as of the date of filing of this statement. (Based on
24,566,078 shares of Class A Common Stock issued and outstanding as of
June 17, 2000, plus the shares of Class A Common Stock issuable upon the
conversion of the Series A Convertible Preferred Stock referred to in Row
6 above.)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12.
CO
------------------------------------------------------------------------------
/1/ The Series A Convertible Preferred Stock also accrues dividends at a rate of
7.0% per annum, payable in cash or Class A Common Stock, at the discretion of
the Issuer, quarterly beginning on the earlier of December 18, 2000 and 10 days
after a registration statement for Class A Common Stock issuable upon conversion
of the Series A Convertible Preferred Stock is declared effective. See Footnote
2 in Item 4.
<PAGE>
------------------- ------------------
CUSIP NO. 594972101 13G Page 8 of 16 Pages
------------------- ------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Kensington Global Strategies Fund, Ltd.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Bermuda company
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6. 6,000 shares of Series A Convertible Preferred Stock
(convertible into 1,797,193 shares of Class A Common
OWNED BY Stock)/1/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
See Row 6 above.
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
See Row 6 above.
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.
CERTAIN SHARES* [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11. Approximately 6.8% as of the date of filing of this statement. (Based on
24,566,078 shares of Class A Common Stock issued and outstanding as of
June 17, 2000, plus the shares of Class A Common Stock issuable upon the
conversion of the Series A Convertible Preferred Stock referred to in Row
6 above.)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12.
CO; HC
------------------------------------------------------------------------------
/1/ The Series A Convertible Preferred Stock also accrues dividends at a rate of
7.0% per annum, payable in cash or Class A Common Stock, at the discretion of
the Issuer, quarterly beginning on the earlier of December 18, 2000 and 10 days
after a registration statement for Class A Common Stock issuable upon conversion
of the Series A Convertible Preferred Stock is declared effective. See Footnote
2 in Item 4.
<PAGE>
------------------- ------------------
CUSIP NO. 594972101 13G Page 9 of 16 Pages
------------------- ------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Fisher Capital Ltd.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Cayman Islands company
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6. 6,000 shares of Series A Convertible Preferred Stock
(convertible into 1,797,193 shares of Class A Common
OWNED BY Stock)/1/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
See Row 6 above.
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
See Row 6 above.
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.
CERTAIN SHARES* [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11. Approximately 6.8% as of the date of filing of this statement. (Based on
24,566,078 shares of Class A Common Stock issued and outstanding as of
June 17, 2000, plus the shares of Class A Common Stock issuable upon the
conversion of the Series A Convertible Preferred Stock referred to in Row
6 above.)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12.
CO
------------------------------------------------------------------------------
/1/ The Series A Convertible Preferred Stock also accrues dividends at a rate of
7.0% per annum, payable in cash or Class A Common Stock, at the discretion of
the Issuer, quarterly beginning on the earlier of December 18, 2000 and 10 days
after a registration statement for Class A Common Stock issuable upon conversion
of the Series A Convertible Preferred Stock is declared effective. See Footnote
2 in Item 4.
<PAGE>
----------------------------- ------------------------
Cusip no. 594972101 13G Page 10 of 16 Pages
----------------------------- ------------------------
Item 1(a) Name of Issuer: MICROSTRATEGY INCORPORATED
1(b) Address of Issuer's Principal Executive Offices:
8000 Towers Crescent Drive
Vienna, Virginia 22182
Item 2(a) Name of Person Filing
Item 2(b) Address of Principal Business Office
Item 2(c) Citizenship
Citadel Limited Partnership
225 W. Washington
9/th/ Floor
Chicago, Illinois 60606
Illinois limited partnership
GLB Partners, L.P.
225 W. Washington
9/th/ Floor
Chicago, Illinois 60606
Delaware limited partnership
Citadel Investment Group, L.L.C.
225 W. Washington
9/th/ Floor
Chicago, Illinois 60606
Delaware limited liability company
Kenneth Griffin
225 W. Washington
9/th/ Floor
Chicago, Illinois 60606
U.S. Citizen
Wellington Partners Limited Partnership
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9/th/ Floor
Chicago, Illinois 60606
Illinois limited partnership
<PAGE>
----------------------------- ------------------------
Cusip no. 594972101 13G Page 11 of 16 Pages
----------------------------- ------------------------
Wingate Capital Ltd.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9/th/ Floor
Chicago, Illinois 60606
Cayman Islands company
Kensington Global Strategies Fund, Ltd.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9/th/ Floor
Chicago, Illinois 60606
Bermuda company
Fisher Capital Ltd.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9/th/ Floor
Chicago, Illinois 60606
Cayman Islands company
2(d) Title of Class of Securities:
Class A Common Stock, par value $0.001 per share
2(e) CUSIP Number: 594972101.
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [_] Broker or dealer registered under Section 15 of the
Exchange Act;
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) [_] Investment company registered under Section 8 of the
Investment Company Act;
(e) [_] An investment adviser in accordance with Rule 13d-
1(b)(1)(ii)(E);
<PAGE>
----------------------------- ------------------------
Cusip no. 594972101 13G Page 12 of 16 Pages
----------------------------- ------------------------
(f) [_] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance
with Rule 13d-1(b)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box.[X]
Item 4 Ownership:
CITADEL LIMITED PARTNERSHIP
GLB PARTNERS, L.P.
CITADEL INVESTMENT GROUP, L.L.C.
KENNETH GRIFFIN
WELLINGTON PARTNERS LIMITED PARTNERSHIP
WINGATE CAPITAL LTD.
KENSINGTON GLOBAL STRATEGIES FUND, LTD.
FISHER CAPITAL LTD.
(a) Amount beneficially owned:
6,000 shares of Series A Convertible Preferred Stock (convertible into 1,797,193
shares of Class A Common Stock)/1/
-
(b) Percent of Class:
Approximately 6.8% as of the date of filing of this statement. (Based on
24,566,078 shares of Class A Common Stock issued and outstanding as of June 17,
2000, plus the shares of Class A Common Stock issuable upon the conversion of
the Series A Convertible Preferred Stock referred to in item (a) above.)
/1/The Series A Convertible Preferred Stock also accrues dividends at a rate of
-
7.0% per annum, payable in cash or Class A Common Stock, at the discretion of
the Issuer, quarterly beginning on the earlier of December 18, 2000 and 10 days
after a registration statement for Class A Common Stock issuable upon conversion
of the Series A Convertible Preferred Stock is declared effective. See Footnote
2 in Item 4.
<PAGE>
----------------------------- ------------------------
Cusip no. 594972101 13G Page 13 of 16 Pages
----------------------------- ------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
/2/The securities reported herein include securities that the Reporting
-
Persons may acquire in the future through the conversion of 6,000 shares of the
Series A Convertible Preferred Stock (the "Preferred Shares"), which may be
converted by the Reporting Persons at any time prior to and including June 19,
2002, subject to extension under certain circumstances as described below (the
"Maturity Date"), into shares of the Company's Class A Common Stock (the "Common
Stock") at the conversion price described below. The number of shares of Common
Stock into which the Preferred Shares are convertible as of the date of this
Schedule 13G is based on a conversion price of $33.3854. The Preferred Shares
were issued on June 19, 2000. At the election of the Company, subject to
certain limitations, the Maturity Date may be extended until June 19, 2004
(subject to further extension under certain circumstances).
The Conversion Price for the Preferred Shares (the "Conversion Price") initially
is $33.3854 (subject to adjustment to prevent dilution). The Conversion Price
is subject to an annual adjustment. If the average of the weighted average
price (as reported by Bloomberg) of the Common Stock on the 10 trading days
following June 19, 2001, June 19, 2002, June 19, 2003 or June 19, 2004 (each,
with respect to each such date, the "Market Price") is less than the Conversion
Price in effect immediately prior to such date, then on and after the 11/th/
trading day following each such date the Conversion Price will be equal to the
Market Price with respect to such date, subject to further adjustment. As a
result, if the weighted average price of the Common Stock fluctuates, the number
of shares of Common Stock which holders of the Preferred Shares may be deemed to
beneficially own may fluctuate without any action taken by the holders of the
Preferred Shares.
The Preferred Shares accrue dividends at the rate of 7% per annum from June 19,
2000, payable in cash or Common Stock at the option of the Company (with certain
exceptions) quarterly, beginning on the earlier of December 18, 2000 and the
date that is 10 days after a registration
<PAGE>
----------------------------- ------------------------
Cusip no. 594972101 13G Page 14 of 16 Pages
----------------------------- ------------------------
statement covering the Common Stock issuable upon conversion of the Preferred
Shares is declared effective by the Securities and Exchange Commission. If the
Company meets the necessary requirements and elects to pay dividends in shares
of Common Stock, the conversion price for such dividends would be equal to 95%
of the arithmetic average of the weighted average prices of the Common Stock on
its principal market during the five (5) consecutive trading days immediately
preceding the dividend date. As of July 21, 2000, the Preferred Shares had
accrued dividends of approximately $368,219.
Pursuant to the terms of the Preferred Shares the Company will not be required
to issue more than approximately 2,358,343 shares of Common Stock to the
Reporting Persons upon conversion of the Preferred Shares until the earlier of
the date the Company receives shareholder approval for issuance of the Common
Stock upon the conversion of the Preferred Shares and the date such issuance
would not violate the rules of the principal securities market or exchange on
which the Common Stock is designated or listed.
Pursuant to the terms of the Preferred Shares, the Reporting Persons cannot be
"beneficial owners" of more than 9.99% of the Common Stock within the meaning of
Rule 13d-1 of the Securities Exchange Act of 1934.
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable.
Item 7 Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on by the Parent Holding Company:
See Item 2 above.
Item 8 Identification and Classification of Members of the Group:
Not Applicable.
Item 9 Notice of Dissolution of Group:
Not Applicable.
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.
<PAGE>
----------------------------- ------------------------
Cusip no. 594972101 13G Page 15 of 16 Pages
----------------------------- ------------------------
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated this 21/st/ day of July, 2000 /s/ Kenneth Griffin
-------------------------------------
Kenneth Griffin
CITADEL LIMITED PARTNERSHIP CITADEL INVESTMENT GROUP, L.L.C.
By: GLB Partners, L.P., By: /s/ Kenneth Griffin
---------------------------------
its General Partner Kenneth Griffin, President
By: Citadel Investment Group, L.L.C.,
its General Partner WINGATE CAPITAL LTD.
By: /s/ Kenneth Griffin By: Citadel Limited Partnership,
----------------------------------
Kenneth Griffin, President its Trading Manager
GLB PARTNERS, L.P. By: GLB Partners, L.P.,
its General Partner
By: Citadel Investment Group, L.L.C.,
its General Partner By: Citadel Investment Group, L.L.C.,
its General Partner
By: /s/ Kenneth Griffin
----------------------------------
Kenneth Griffin, President By: /s/ Kenneth Griffin
---------------------------------
Kenneth Griffin, President
WELLINGTON PARTNERS LIMITED FISHER CAPITAL LTD.
PARTNERSHIP
By: Citadel Limited Partnership, By: Citadel Limited Partnership,
its General Partner its Trading Manager
By: GLB Partners, L.P., By: GLB Partners, L.P.,
its General Partner its General Partner
By: Citadel Investment Group, L.L.C., By: Citadel Investment Group, L.L.C.,
its General Partner its General Partner
By: /s/ Kenneth Griffin By: /s/ Kenneth Griffin
---------------------------------- ---------------------------------
Kenneth Griffin, President Kenneth Griffin, President
<PAGE>
----------------------------- ------------------------
Cusip no. 594972101 13G Page 16 of 16 Pages
----------------------------- ------------------------
KENSINGTON GLOBAL STRATEGIES
FUND, LTD.
By: Citadel Limited Partnership,
its Trading Manager
By: GLB Partners, L.P.,
its General Partner
By: Citadel Investment Group, L.L.C.,
its General Partner
By: /s/ Kenneth Griffin
--------------------------------
Kenneth Griffin, President
