UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------------------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Strategic Hotel Capital, Inc.
---------------------
(Name of Issuer)
Common Stock, par value $.01 per share
---------------------------
(Title of Class of Securities)
86272T106
---------------------
(CUSIP Number)
Ted Chang
The Goldman Sachs Group, Inc.
85 Broad Street
New York, New York 10004
Telephone: (212) 902-1000
--------------------
(Name, Address and Telephone Number of Persons Authorized to
Receive Notices and Communications)
September 29, 2004
--------------------
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
(Continued on following pages)
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CUSIP NO. 86272T106 13D
---------------------
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1. NAMES OF REPORTING PERSONS: WHSHC, L.L.C.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS: OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) OR 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
--------------------------------------------------------------------------------
7. SOLE VOTING POWER:
NUMBER OF 0 Shares
SHARES ---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER:
OWNED BY 2,854,554 Shares
EACH ---------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER:
PERSON 0 Shares
WITH ---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER:
2,854,554 Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 2,854,554
PERSON
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ]
SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON: OO
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CUSIP NO. 86272T106 13D
---------------------
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS: Whitehall Street Real Estate Limited
Partnership VII
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS: AF
--------------------------------------------------------------------------------
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 0 Shares
SHARES ---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER:
OWNED BY 2,854,554 Shares
EACH ---------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER:
PERSON 0 Shares
WITH ---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER:
2,854,554 Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 2,854,554
PERSON
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ]
SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON: PN
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CUSIP NO. 86272T106 13D
---------------------
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1. NAMES OF REPORTING PERSONS: WH Advisors, L.L.C. VII
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS: AF
--------------------------------------------------------------------------------
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 0 Shares
SHARES ---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER:
OWNED BY 2,854,554 Shares
EACH ---------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER:
PERSON 0 Shares
WITH ---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER:
2,854,554 Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 2,854,554
PERSON
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ]
SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON: OO
--------------------------------------------------------------------------------
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CUSIP NO. 86272T106 13D
---------------------
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS: W9/WHSHC, L.L.C. I
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS: OO
--------------------------------------------------------------------------------
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 0 Shares
SHARES ---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER:
OWNED BY 2,668,300 Shares
EACH ---------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER:
PERSON 0 Shares
WITH ---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER:
2,668,300 Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 2,668,300
PERSON
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ]
SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON: OO
--------------------------------------------------------------------------------
---------------------
CUSIP NO. 86272T106 13D
---------------------
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS: Whitehall Street Real Estate Limited
Partnership IX
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS: AF
--------------------------------------------------------------------------------
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 0 Shares
SHARES ---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER:
OWNED BY 2,668,300 Shares
EACH ---------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER:
PERSON 0 Shares
WITH ---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER:
2,668,300 Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 2,668,300
PERSON
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ]
SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON: PN
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CUSIP NO. 86272T106 13D
---------------------
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS: WH Advisors, L.L.C. IX
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS: AF
--------------------------------------------------------------------------------
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 0 Shares
SHARES ---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER:
OWNED BY 2,668,300 Shares
EACH ---------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER:
PERSON 0 Shares
WITH ---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER:
2,668,300 Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 2,668,300
PERSON
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ]
SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON: OO
--------------------------------------------------------------------------------
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CUSIP NO. 86272T106 13D
---------------------
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1. NAMES OF REPORTING PERSONS: Goldman, Sachs & Co.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS: AF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [X]
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION: New York
--------------------------------------------------------------------------------
7. SOLE VOTING POWER:
NUMBER OF 0 Shares
SHARES ---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER:
OWNED BY 5,522,854 Shares
EACH ---------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER:
PERSON 0 Shares
WITH ---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER:
5,522,854 Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 5,522,854
PERSON
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ]
SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.4%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON: PN/BD/IA
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CUSIP NO. 86272T106 13D
---------------------
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS: The Goldman Sachs Group, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS: AF
--------------------------------------------------------------------------------
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 0 Shares
SHARES ---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER:
OWNED BY 5,522,854 Shares
EACH ---------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER:
PERSON 0 Shares
WITH ---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER:
5,522,854 Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 5,522,854
PERSON
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ]
SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.4%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON: HC/CO
--------------------------------------------------------------------------------
This Amendment No. 1, filed by WHSHC, L.L.C. ("WHSHC LLC"), W9/WHSHC,
L.L.C. I ("W9 LLC"), Whitehall Street Real Estate Limited Partnership VII
("Whitehall Real Estate VII"), Whitehall Street Real Estate Limited Partnership
IX ("Whitehall Real Estate IX"), WH Advisors, L.L.C. VII ("WH Advisors VII"), WH
Advisors, L.L.C. IX ("WH Advisors IX"), Goldman, Sachs & Co. ("Goldman Sachs")
and The Goldman Sachs Group, Inc. ("GS Group", together with WHSHC LLC, W9 LLC,
Whitehall Real Estate VII, Whitehall Real Estate IX, WH Advisors VII, WH
Advisors IX and Goldman Sachs, the "Reporting Persons")1 amends and supplements
the Schedule 13D filed by the Reporting Persons on July 9, 2004. Schedules I,
II, III and IV to the Schedule 13D are hereby amended and replaced in their
entirety by Schedules I, II, III and IV attached hereto and incorporated herein
by reference. Capitalized terms used but otherwise not defined herein shall have
the meanings ascribed to such terms in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended in its entirety as follows:
WHSHC LLC and W9 LLC acquired from the Company an aggregate of
4,879,178 shares of Common Stock on June 29, 2004 and an aggregate of 643,676
shares of Common Stock on September 29, 2004 in connection with the initial
public offering of the Company (the "IPO"). Specifically, WHSHC LLC acquired
2,521,862 shares of Common Stock on June 29, 2004 and 332,692 shares of Common
Stock on September 29, 2004 and W9 LLC acquired 2,357,316 shares of Common Stock
on June 29, 2004 and 310,984 shares of Common Stock on September 29, 2004 in
exchange for an equal number of membership units ("SHC Funding Units") in the
operating partnership of the Company, Strategic Hotel Funding, L.L.C. ("SHC
Funding"). These exchanges were made pursuant to the terms of the Structuring
and Contribution Agreement, dated as of February 13, 2004 (the "Structuring and
Contribution Agreement"), by and among SHC Funding, SHC LLC, Whitehall Real
Estate VII, Whitehall Real Estate IX and other parties thereto. The Structuring
and Contribution Agreement is incorporated herein by reference. Each of WHSHC
LLC and W9 LLC received the SHC Funding Units for no consideration through a
distribution of its pro rata share of the SHC Funding Units held by SHC LLC as a
result of transactions (the "Formation and Structuring Transactions") described
under the caption "Formation and Structuring Transactions" in the Company's
final prospectus dated June 23, 2004 (File No. 333-112846, the "Final
Prospectus").
As of September 29, 2004, Goldman Sachs and GS Group may be deemed to
beneficially own 5,522,854 shares of Common Stock through (i) WH Advisors VII,
the sole general partner of Whitehall Real Estate VII, which is the sole
managing member of WHSHC LLC which acquired an aggregate of 2,854,554 shares of
Common Stock as described above, and (ii) WH Advisors IX, the sole general
partner of Whitehall Real Estate IX, which is the sole managing member of W9
LLC, which acquired an aggregate of 2,668,300 shares of Common Stock as
described above.
None of the persons listed on Schedules I, II or III hereto has
contributed any funds or other consideration towards the acquisition of the
Common Stock, except insofar as they may be general or limited partners of, or
own membership interests in, certain of the Reporting Persons and have made
capital contributions to such Reporting Persons, as the case may be.
ITEM 4. PURPOSE OF TRANSACTIONS
Item 4 is hereby amended in its entirety as follows:
WHSHC LLC and W9 LLC acquired the Common Stock in connection with the
Company's IPO for investment purposes. The shares of Common Stock which may be
deemed to be held by Goldman Sachs, other
----------
1 Neither the present filing nor anything contained herein shall be construed
as an admission that WHSHC LLC, W9 LLC, Whitehall Real Estate VII,
Whitehall Real Estate IX, WH Advisors VII, WH Advisors IX, Goldman Sachs or
GS Group constitute a "person" for any purpose other than Section 13(d) of
the Securities Exchange Act of 1934, as amended, or that WHSHC LLC, W9 LLC,
Whitehall Real Estate VII, Whitehall Real Estate IX, WH Advisors VII, WH
Advisors IX, Goldman Sachs or GS Group constitute a "group" for any
purpose.
than shares which may be deemed beneficially owned through WH Advisors VII and
WH Advisors IX, were acquired in the ordinary course of business of Goldman
Sachs.
As of the date of this statement, none of the Reporting Persons, or to
the knowledge and belief of the Reporting Persons, any of the persons listed on
Schedules I, II or III hereto, has any present plan or proposals which would
relate to or would result in any transaction event or action enumerated in
paragraphs (a) through (j) of Item 4 of Schedule 13D, other than the fact that,
according to a press release of the Company, Jim Lyman has resigned as chief
financial officer of the Company in order to pursue other interests; the Company
has retained an executive search firm to help identify qualified candidates to
fill the position.
Each of the Reporting Persons expects to evaluate on an ongoing basis
the Company's financial condition, business, operations and prospects, the
market price of the Common Stock, conditions in the securities markets
generally, general economic and industry conditions and other factors.
Accordingly, each Reporting Person reserves the right to change its plans and
intentions at any time, as it deems appropriate. In particular, any one or more
of the Reporting Persons (and their respective affiliates) may purchase
additional shares of Common Stock or other securities of the Company or may sell
or transfer shares of Common Stock beneficially owned by them from time to time
in public or private transactions and/or may enter into privately negotiated
derivative transactions with institutional counterparties to hedge the market
risk of some or all of their positions in the shares of Common Stock or other
securities and/or may cause any of the Reporting Persons to distribute in kind
to their respective partners or members, as the case may be, shares of Common
Stock or other securities. Any such transactions may be effected at any time or
from time to time subject to (i) the restrictions contained in the Lock-Up
Agreements (described in Item 6) and (ii) any applicable limitations imposed on
the sale of any of their Company securities by the Securities Act of 1933, as
amended, and the rules and regulations promulgated thereunder (the "Securities
Act") or other applicable law. To the knowledge of each Reporting Person, each
of the persons listed on Schedules I, II or III hereto may make similar
evaluations from time to time or on an ongoing basis and reserves the same
rights.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Based on information provided to the Reporting Persons by the
Company, there were 30,035,701 shares of Common Stock outstanding as of the
close of business on September 29, 2004.
As of September 29, 2004, WHSHC LLC beneficially owned an aggregate of
2,854,554 shares of Common Stock, representing in the aggregate approximately
9.5% of the outstanding Common Stock.
As of September 29, 2004, Whitehall Real Estate VII, as the sole
managing member of WHSHC LLC, may be deemed to have beneficially owned an
aggregate of 2,854,554 shares of Common Stock beneficially owned by WHSHC LLC,
representing in the aggregate approximately 9.5% of the outstanding Common
Stock.
As of September 29, 2004, WH Advisors VII, as the sole general partner
of Whitehall Real Estate VII, may be deemed to have beneficially owned an
aggregate of 2,854,554 shares of Common Stock beneficially owned by WHSHC LLC,
representing in the aggregate approximately 9.5% of the outstanding Common
Stock.
As of September 29, 2004, W9 LLC beneficially owned an aggregate of
2,668,300 shares of Common Stock, representing in the aggregate approximately
8.9% of the outstanding Common Stock.
As of September 29, 2004, Whitehall Real Estate IX, as the sole
managing member of W9 LLC, may be deemed to have beneficially owned an aggregate
of 2,668,300 shares of Common Stock beneficially owned by W9 LLC, representing
in the aggregate approximately 8.9% of the outstanding Common Stock.
As of September 29, 2004, WH Advisors IX, as the sole general partner
of Whitehall Real Estate IX, may be deemed to have beneficially owned an
aggregate of 2,668,300 shares of Common Stock beneficially owned by W9 LLC,
representing in the aggregate approximately 8.9% of the outstanding Common
Stock.
As of September 29, 2004, Goldman Sachs and GS Group may be deemed to
have beneficially owned an aggregate of 5,522,854 shares of Common Stock through
WH Advisors VII and WH Advisors IX as described above, such shares representing
in the aggregate approximately 18.4% of the outstanding Common Stock.
None of the shares of Common Stock reported in rows (11) and (13) of
the cover pages to this Amendment No. 1 are shares as to which there is a right
to acquire exercisable within 60 days.
None of the Reporting Persons or, to the knowledge of the Reporting
Persons, any of the persons listed on Schedules I, II or III hereto,
beneficially owned any shares of Common Stock as of September 29, 2004, other
than as set forth herein.
(b) Rows (7) through (10) of the cover pages to this Amendment No. 1
set forth (i) the number of shares of Common Stock as to which there is sole
power to vote or direct the vote or to dispose or direct the disposition and
(ii) the number of shares of Common Stock as to which there is shared power to
vote or direct the vote or to dispose or direct the disposition. Each Reporting
Person hereby disclaims beneficial ownership of any shares of Common Stock held
by any other Reporting Person.
(c) Except with respect to the acquisition of shares of Common Stock by
WHSHC LLC and W9 LLC as described herein, no transactions in the Common Stock
were effected by the Reporting Persons, or, to the knowledge of any of the
Reporting Persons, any of the persons listed on Schedules I, II or III hereto
during the 60 days prior to and including September 29, 2004.
(d) No other person is known by any Reporting Person to have the right
to receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any shares of Common Stock beneficially owned by any Reporting
Person.
(e) Not applicable.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 1, 2004
THE GOLDMAN SACHS GROUP, INC.
By: /s/ Ted Chang
-------------------------------------
Name: Ted Chang
Title: Attorney-in-Fact
GOLDMAN, SACHS & CO.
By: /s/ Ted Chang
-------------------------------------
Name: Ted Chang
Title: Attorney-in-Fact
WH ADVISORS, L.L.C. VII
By: /s/ Ted Chang
-----------------------------------
Name: Ted Chang
Title: Attorney-in-Fact
WH ADVISORS, L.L.C. IX
By: /s/ Ted Chang
-------------------------------------
Name: Ted Chang
Title: Attorney-in-Fact
WHITEHALL STREET REAL ESTATE LIMITED PARTNERSHIP VII
By: /s/ Ted Chang
-------------------------------------
Name: Ted Chang
Title: Attorney-in-Fact
WHITEHALL STREET REAL ESTATE LIMITED PARTNERSHIP IX
By: /s/ Ted Chang
-------------------------------------
Name: Ted Chang
Title: Attorney-in-Fact
WHSHC, L.L.C.
By: /s/ Ted Chang
-------------------------------------
Name: Ted Chang
Title: Attorney-in-Fact
W9/WHSHC, L.L.C. I
By: /s/ Ted Chang
-------------------------------------
Name: Ted Chang
Title: Attorney-in-Fact
SCHEDULE I
----------
The name of each director of The Goldman Sachs Group, Inc. is set forth
below.
The business address of each person listed below is c/o Goldman, Sachs &
Co., 85 Broad Street, New York, NY 10004.
Each person is a citizen of the United States of America except for Lord
Browne of Madingley, who is a citizen of the United Kingdom and Claes Dahlback,
who is a citizen of Sweden. The present principal occupation or employment of
each of the listed persons is set forth below.
Name Present Principal Occupation
--------------------------------------------------------------------------------
Henry M. Paulson, Jr. Chairman and Chief Executive Officer of The
Goldman Sachs Group, Inc.
Lloyd C. Blankfein President and Chief Operating Officer of The
Goldman Sachs Group, Inc.
Lord Browne of Madingley Group Chief Executive of BP plc
John H. Bryan Retired Chairman and Chief Executive Officer
of Sara Lee Corporation
Claes Dahlback Nonexecutive Chairman of Investor AB
William W. George Retired Chairman and Chief Executive Officer
of Medtronic, Inc.
James A. Johnson Vice Chairman of Perseus, L.L.C.
Lois D. Juliber Vice Chairman of Colgate-Palmolive Company
Edward M. Liddy Chairman of the Board, President and Chief
Executive Officer of The Allstate Corporation
Ruth J. Simmons President of Brown University
SCHEDULE II
-----------
The name, position and present principal occupation of each director and
executive officer of WH Advisors, L.L.C. VII, the sole general partner of
Whitehall Street Real Estate Limited Partnership VII, which is the sole managing
member of WHSHC, L.L.C., and the name, position and present principal occupation
of each director and executive officer of WH Advisors, L.L.C. IX, the sole
general partner of Whitehall Street Real Estate Limited Partnership IX, which is
the sole managing member of W9/WHSHC, L.L.C. I, are set forth below.
The business address of each director and executive officer listed below is
85 Broad Street, New York, New York 10004, except as follows: The business
address of Brian Collyer, Thomas D. Ferguson, Todd P. Giannoble, Larry J.
Goodwin, Helen Hyde Hallaron, Patrick J. Tribolet, Michael M. Watts, Aaron D.
Wetherill and Todd A. Williams is 100 Crescent Court, Suite 1000, Dallas, TX
75201. The business address of Philippe Camu, Giovanni Cutaia, Tracy Deblieck,
Nathalie L. Dimitrov, James R. Garman, Benoit Herault, Zubin P. Irani, Brian P.
Niles, Paul A. Obey, Penny A. Petrow, Jean A. De Pourtales, Richard H. Powers
and Edward M. Siskind is 133 Fleet Street, London EC4A 2BB, England. The
business address of Yves Checoury and Jon J. Franco is 2, rue de Thann, 75017,
Paris, France. The business address of Kavin C. Bloomer is Shibuya Cross Tower,
24F, 15-1, Shibuya 2-chome, Shibuya-ku, Tokyo Japan.
Each director and executive officer listed below is a citizen of the United
States, except as follows: Kavin C. Bloomer is a citizen of Thailand. Philippe
L. Camu is a citizen of Belgium. Brian Collyer and Brahm S. Cramer are citizens
of Canada. Zubin P. Irani is citizen of India. Yves Checoury and Benoit Herault
are citizens of France. James R. Garman and Paul A. Obey are citizens of the
United Kingdom. Nathalie L. Dimitrov and Jean A. De Pourtales and citizens of
both France and the United Kingdom.
Name Position Present Principal Occupation
--------------------------------------------------------------------------------
Rothenberg, Stuart M. Manager/Director/ Managing Director of
Vice President Goldman, Sachs & Co.
Bloomer, Kavin C. Vice President Vice President of Goldman
Sachs Japan Realty Ltd.
Brooks, Adam J. Vice President Vice President of
Goldman, Sachs & Co.
Burban, Elizabeth M. Vice President/ Vice President of
Assistant Secretary Goldman, Sachs & Co.
Camu, Philippe Vice President Managing Director of
Goldman Sachs International
Checoury, Yves Vice President Vice President of Goldman
Sachs Paris Inc. et Cie
Collyer, Brian Vice President Vice President of
Goldman, Sachs & Co.
Cramer, Brahm S. Manager/Vice President/ Managing Director of
Assistant Secretary Goldman, Sachs & Co.
Cutaia, Giovanni Vice President Vice President of
Goldman Sachs International
Deblieck, Tracy Vice President Vice President of
Goldman Sachs International
Dimitrov, Nathalie L. Vice President Vice President of
Goldman Sachs International
Ferguson, Thomas D. Vice President Vice President of
Goldman, Sachs & Co.
Franco, Jon J. Vice President Vice President of
Goldman Sachs Paris Inc.
Garman, James R. Vice President Vice President of
Goldman Sachs International
Giannoble, Todd P. Vice President Vice President of
Goldman, Sachs & Co.
Goodwin, Larry J. Vice President Managing Director of
Goldman, Sachs & Co.
Herault, Benoit Vice President/ Managing Director of
Assistant Secretary Goldman Sachs International
Hyde Hallaron, Helen Vice President Vice President of
Goldman, Sachs & Co.
Iorio, Steven J. Vice President Vice President of
Goldman, Sachs & Co.
Irani, Zubin P. Vice President Managing Director of
Goldman Sachs International
Karr, Jerome S. Vice President/ Vice President of
Assistant Secretary Goldman, Sachs & Co.
Kava, Alan S. Manager/ Managing Director of
Vice President Goldman, Sachs & Co.
Langer, Jonathan A. Vice President/ Managing Director of
Assistant Secretary Goldman, Sachs & Co.
Lapidus, Roy I. Vice President Vice President of
Goldman, Sachs & Co.
Mandis, Vivian Vice President Vice President of
Goldman, Sachs & Co.
Metz, Justin E. Vice President Vice President of
Goldman, Sachs & Co.
Niles, Brian P. Vice President Vice President of
Goldman Sachs International
Obey, Paul A. Vice President/ Vice President of
Assistant Secretary Goldman Sachs International
21
Petrow, Penny A. Vice President Vice President of
Goldman Sachs International
De Pourtales, Jean A. Vice President Managing Director of
Goldman Sachs International
Powers, Richard H. Vice President/ Managing Director of
Assistant Secretary Goldman Sachs International
Scesney, Josephine Manager/Vice President/ Managing Director of
Assistant Treasurer Goldman, Sachs & Co.
Siskind, Edward M. Vice President/ Managing Director of
Assistant Treasurer Goldman Sachs International
Tribolet, Patrick M. Vice President Vice President of
Goldman, Sachs & Co.
Tsai, Teresa Vice President/ Vice President of
Assistant Secretary Goldman, Sachs & Co.
Watts, Michael M. Vice President Vice President of
Goldman, Sachs & Co.
Weidman, Peter A. Vice President Vice President of
Goldman, Sachs & Co.
Weiss, Mitchell S. Assistant Treasurer/ Vice President of
Assistant Secretary Goldman, Sachs & Co.
Wetherill, Aaron D. Vice President Vice President of
Goldman, Sachs & Co.
Williams, Todd A. Vice President/ Managing Director of
Assistant Secretary/ Goldman, Sachs & Co.
Assistant Treasurer
Zucker, Lauren J. Vice President Vice President of
Goldman, Sachs & Co.
SCHEDULE III
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The name and principal occupation of each member of the Whitehall
Investment Committee of Goldman, Sachs & Co., which exercises the authority of
Goldman, Sachs & Co. in managing each of WH Advisors, L.L.C. VII and WH
Advisors, L.L.C. IX, are set forth below.
The business address of each member listed below is 85 Broad Street, New
York, New York 10004, except as follows: The business address of Richard H.
Powers and Edward M. Siskind is 133 Fleet Street, London EC4A 2BB, England. The
business address of Todd A. Williams is 100 Crescent Court, Suite 1000, Dallas,
TX 75201. The business address of Toshinobu Kasai is Roppongi Hills Mori Tower,
47th floor, 10-1, Roppongi 6-chome, Minato-ku, Tokyo 106-6147, Japan.
Each member listed below is a citizen of the United States, except as
follows: Brahm S. Cramer is a citizen of Canada. Toshinobu Kasai is a citizen of
Japan.
Name Present Principal Occupation
--------------------------------------------------------------------------------
Cramer, Brahm S. Managing Director of Goldman, Sachs & Co.
Feldman, Steven M. Managing Director of Goldman, Sachs & Co.
Friedman, Richard A. Managing Director of Goldman, Sachs & Co.
Jonas, Andrew J. Managing Director of Goldman, Sachs & Co.
Kasai, Toshinobu Managing Director of Goldman Sachs (Japan) Ltd.
Powers, Richard H. Managing Director of Goldman Sachs International
Rosenberg, Ralph F. Managing Director of Goldman, Sachs & Co.
Rothenberg, Stuart M. Managing Director of Goldman, Sachs & Co.
Siskind, Edward M. Managing Director of Goldman Sachs International
Stecher, Esta E. Managing Director of Goldman, Sachs & Co.
Viniar, David A. Managing Director of Goldman, Sachs & Co.
Williams, Todd A. Managing Director of Goldman, Sachs & Co.
SCHEDULE IV
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On April 6, 2000, in connection with an industry-wide investigation by the
Securities and Exchange Commission (the "SEC") relating to the pricing of
government securities in advance refunding transactions, Goldman, Sachs & Co.
("Goldman Sachs") joined in a global settlement resolving the SEC investigation
as well as a related qui tam lawsuit purportedly brought on behalf of the United
States entitled United States ex rel. Lissack v. Goldman, Sachs & Co., et al.,
95 Civ. 1363 (S.D.N.Y.)(BSJ). Pursuant to the settlement, without admitting or
denying the findings, Goldman Sachs consented to the issuance of an SEC
administrative order (SEA Rel. No. 42640) which, among other things, found that
Goldman Sachs had violated Sections 17(a)(2) and (3) of the Securities Act of
1933 in connection with such pricing of government securities, required Goldman
Sachs to cease and desist from violating such provisions, and ordered Goldman
Sachs to make payments totaling approximately $5.1 Million to the U.S. Treasury
and $104,000 to two municipalities. Under the global settlement, the qui tam
lawsuit was dismissed with prejudice, and the Internal Revenue Service agreed
not to challenge the tax-free nature of the refundings by virtue of the pricing
of such securities.
In November 2002, the SEC, the National Association of Securities Dealers
("NASD") and the New York Stock Exchange, Inc. ("NYSE") alleged that five broker
dealers, including Goldman Sachs, violated Section 17(a) of the Exchange Act and
Rule 17a-4 hereunder, NYSE Rules 440 and 342 and NASD Rules 3010 and 3110 by
allegedly failing to preserve electronic mail communications for three years
and/or to preserve electronic mail communications for the first two years in an
accessible place, and by allegedly having inadequate supervisory systems and
procedures in relation to the retention of electronic mail communications.
Without admitting or denying the allegations, the five broker dealers, including
Goldman Sachs, consented to censure by the SEC, NASD and NYSE and to the
imposition of a cease-and-desist order by the SEC and Goldman Sachs paid a total
fine of $1,650,000 ($550,000 each to the SEC, NASD and NYSE). Goldman Sachs also
undertook to review its procedures regarding the preservation of electronic mail
communications for compliance with the federal securities laws and regulations
and the rules of the NASD and NYSE, and to confirm within a specified period of
time that it has established systems and procedures reasonably designed to
achieve compliance with those laws, regulations and rules.
On April 28, 2003, without admitting or denying liability, ten investment
banking firms including Goldman Sachs, entered into global settlements with the
SEC, the NYSE, the NASD and certain states to resolve the investigations
relating to equity research analyst conflicts of interest. Goldman Sachs was
charged with violating NYSE Rules 342, 401, 472 and 475, and NASD Conduct Rules
2110, 2210 and 3010. Goldman Sachs also agreed to a censure by the NYSE and the
NASD and to pay a total of $110,000,000 and to adopt a set of industry-wide
reforms of its research and investment banking businesses and to adopt certain
restrictions on the allocations of "hot" IPO shares. The terms of the global
settlement were entered in an order by a federal court in the Southern District
of New York on October 31, 2003 (Civil Action Number 03CV2944).
On September 4, 2003, Goldman Sachs and the SEC settled administrative
proceedings relating to certain trading in U.S. Treasury securities by Goldman
Sachs on the morning of October 31, 2001. The Staff of the SEC alleged that
Goldman Sachs violated (i) Section 15(c)(1) and Rule 15c1-2 of the Exchange Act
as a result of certain trading in U.S. Treasury bonds over an eight minute
period on October 31, 2001; and (ii) Section 15(f) of the Exchange Act by
failing to maintain policies and procedures specifically addressed to the
possible misuse of non-public information obtained from outside consultants.
Under the Offer of Settlement submitted by Goldman Sachs and accepted by the
SEC, without admitting or denying the SEC's allegations, Goldman Sachs consented
to the entry of an Order that, among other things, (i) censured Goldman Sachs;
(ii) directed Goldman Sachs to cease and desist from committing or causing any
violations of Section 15(c)(1)(A) & (C) and 15(f) and Rule 15c1-2 of the
Exchange Act; (iii) ordered Goldman Sachs to pay disgorgement and prejudgment
interest in the amount of $1,742,642, and a civil monetary penalty of $5
million; and (iv) directed Goldman Sachs to conduct a review its policies and
procedures and to adopt, implement and maintain policies and procedures
consistent with the Order and that review. Goldman Sachs also undertook to pay
$2,562,740 in disgorgement and interest relating to certain trading in U.S.
Treasury bond futures during the same eight minute period.
On July 1, 2004, Goldman Sachs and the SEC settled administrative
proceedings relating to communications from Goldman Sachs sales traders on its
Asian Shares Sales Desk to certain institutional customers and news media
concerning four international public securities offerings during the period
between October 1999 and March 2000. The SEC alleged (i) that certain of these
communications by Goldman Sachs employees were made after the registration
statements pertaining to those offerings were filed, but not yet declared
effective by the SEC, in violation of Section 5(b) of the Securities Act of 1933
(the "Securities Act"), and (ii) that certain comments to the news media by
Goldman Sachs with respect to one of the offerings constituted an offer to sell
securities in violation of Section 5(c) of the Securities Act. The SEC also
alleged that Goldman Sachs failed to adequately supervise the Asian Shares Sales
Desk traders, as required by Section 15(b)(4)(E) of the Securities Exchange Act
of 1934. Under the Offer of Settlement submitted by Goldman Sachs and accepted
by the SEC, without admitting or denying the SEC's allegations, Goldman Sachs
consented to the entry of an Order that, among other things, directed Goldman
Sachs to cease and desist from committing or causing any violations of Sections
5(b) and 5(c) of the Securities Act, and ordered Goldman Sachs to pay a civil
monetary penalty of $2 million.