BRE PROPERTIES INC
S-4/A, 1996-01-05
REAL ESTATE INVESTMENT TRUSTS
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<PAGE>
   
    AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 5, 1996
    

   
                                                       REGISTRATION NO. 33-65365
    
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                           --------------------------

   
                                AMENDMENT NO. 1
                                       TO
                                    FORM S-4
    
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                            ------------------------

                              BRE PROPERTIES, INC.
             (Exact name of registrant as specified in its charter)

<TABLE>
<S>                           <C>                           <C>
          DELAWARE                        6798                    94-1722214
(State or other jurisdiction  (Primary Standard Industrial     (I.R.S. Employer
             of               Classification Code Number)    Identification No.)
      incorporation or
       organization)
</TABLE>

                             ONE MONTGOMERY STREET
                           SUITE 2500, TELESIS TOWER
                      SAN FRANCISCO CALIFORNIA 94104-5525
                                 (415) 445-6530
                  (Address, including zip code, and telephone
   number, including area code, of registrant's principal executive offices)
                           --------------------------

                              HOWARD E. MASON, JR.
                              BRE PROPERTIES, INC.
                             ONE MONTGOMERY STREET
                           SUITE 2500, TELESIS TOWER
                      SAN FRANCISCO, CALIFORNIA 94104-5525
                                 (415) 445-6530
               (Name, address, including zip code, and telephone
               number, including area code, of agent for service)
                           --------------------------

                                   COPIES TO:

<TABLE>
<S>                             <C>                             <C>
   Morgan P. Guenther, Esq.         Laura K. McAvoy, Esq.           Richard E. Troop, Esq.
     Bruce Maximov, Esq.           Nordman, Cormany, Hair &          David H. Sands, Esq.
    Farella Braun & Martel                 Compton                Troop Meisinger Steuber &
 235 Montgomery Street, 30th     1000 Town Center Drive, 6th             Pasich, LLP
             Fl.                             Fl.                     10940 Wilshire Blvd.
 San Francisco, CA 94104-2902       Oxnard, CA 93031-9100         Los Angeles, CA 90024-3902
        (415) 954-4400                  (805) 485-1000                  (310) 824-7000
</TABLE>

                           --------------------------

   APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE OF THE SECURITIES TO THE
                                    PUBLIC:
AS SOON AS PRACTICABLE AFTER THE EFFECTIVE DATE OF THIS REGISTRATION STATEMENT.

    If  the  securities  being registered  on  this  Form are  being  offered in
connection with the formation of a holding company and there is compliance  with
General Instruction G, check the following box.  / /
                           --------------------------

                        CALCULATION OF REGISTRATION FEE

<TABLE>
<CAPTION>
                                                          PROPOSED          PROPOSED
                                                          MAXIMUM           MAXIMUM
                                                          OFFERING         AGGREGATE
      TITLE OF EACH CLASS OF          AMOUNT TO BE    PRICE PER SHARE    OFFERING PRICE      AMOUNT OF
   SECURITIES BEING REGISTERED       REGISTERED (1)         (2)               (2)         REGISTRATION FEE
<S>                                 <C>               <C>               <C>               <C>
Class A Common Stock, par value
 $0.01 per share..................     5,342,218           $18.56         $173,950,111       $59,982.80
</TABLE>

(1)  Represents the  number of shares  of Registrant's Common  Stock issuable to
    shareholders of Real Estate Investment Trust of California ("RCT") upon  the
    consummation  of  the  merger of  RCT  into Registrant  ("BRE")  assuming an
    exchange ratio of  0.57 of  a share of  Registrant's Common  Stock for  each
    share  of  beneficial  interest  of RCT.  This  Registration  Statement also
    applies to Rights under Registrant's Rights Agreement which will be attached
    to and tradeable only with the shares of Common Stock registered hereby;  no
    registration fees are required for such Rights.

(2)  Estimated  solely  for  the  purpose  of  calculating  the  amount  of  the
    registration fee in accordance  with Section 6(b) of  the Securities Act  of
    1933,  as amended, and Rule 457(f)(1) thereunder  on the basis of $18.56 per
    share, the average of the high and low prices of the RCT shares reported  in
    the  consolidated  reporting  system  for the  New  York  Stock  Exchange on
    December 20, 1995 and the maximum of  9,372,312 such RCT shares that may  be
    exchanged for the securities being registered.

   
    THE  REGISTRANT HEREBY  AMENDS THIS REGISTRATION  STATEMENT ON  SUCH DATE OR
DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL
FILE A  FURTHER  AMENDMENT  WHICH SPECIFICALLY  STATES  THAT  THIS  REGISTRATION
STATEMENT  SHALL THEREAFTER BECOME EFFECTIVE IN  ACCORDANCE WITH SECTION 8(A) OF
THE SECURITIES ACT  OF 1933  OR UNTIL  THE REGISTRATION  STATEMENT SHALL  BECOME
EFFECTIVE  ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(A),
MAY DETERMINE.
    

- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
   
                                    PART II
                                   SIGNATURES
    

   
    Pursuant  to the requirements of the  Securities Act of 1933, the Registrant
has duly caused this Amendment No. 1 to the Registration Statement to be  signed
on  its behalf by the undersigned, thereunto duly authorized, in the City of San
Francisco, State of California, on the 5th day of January, 1996.
    

   
                                          BRE PROPERTIES, INC.
    

   
                                          By        /s/ FRANK C. MCDOWELL
    

                                             -----------------------------------
   
                                                      Frank C. McDowell
                                                PRESIDENT AND CHIEF EXECUTIVE
                                                           OFFICER
    

   
    Pursuant to the requirements of the  Securities Act of 1933, this  Amendment
No.  1 to the Registration Statement has been signed by the following persons in
the capacities indicated on the 5th day of January, 1996.
    

   
             SIGNATURE                              TITLE
- -----------------------------------  -----------------------------------

     /s/ ARTHUR G. VON THADEN*
- -----------------------------------  Director, Chairman of the Board
       Arthur G. von Thaden

       /s/ FRANK C. MCDOWELL         President, Chief Executive Officer
- -----------------------------------   and Director (Principal Executive
         Frank C. McDowell            Officer)

     /s/ HOWARD E. MASON, JR.*       Senior Vice President, Finance
- -----------------------------------   (Principal Financial Officer and
       Howard E. Mason, Jr.           Principal Accounting Officer)

      /s/ C. PRESTON BUTCHER*
- -----------------------------------  Director
        C. Preston Butcher

       /s/ L. MICHAEL FOLEY*
- -----------------------------------  Director
         L. Michael Foley

         /s/ JOHN MCMAHAN*
- -----------------------------------  Director
           John McMahan

       /s/ MALCOLM R. RILEY*
- -----------------------------------  Director
         Malcolm R. Riley

*By        /s/ FRANK C. MCDOWELL
- -----------------------------------
        Frank C. McDowell,
         ATTORNEY-IN-FACT

    

                                      II-1


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