UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
BCE Inc.
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(Name of Issuer)
Common Shares, no par value
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(Title of Class of Securities)
05534B760 4
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(CUSIP Number)
Jeffrey M. Davis
Senior Legal Counsel, Investments
Ontario Teachers' Pension Plan Board
5650 Yonge Street, 5th Floor
Toronto, Ontario
Canada M2M 4H5
(416) 228-5900
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 12, 2009
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(Date of Event which Requires Filing of this Statement)
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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 ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. |X|
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See ss.240.13d-7 for
other parties to whom copies are to be sent.
*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 (the "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).
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CUSIP No. 05534B760 4
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
ONTARIO TEACHERS' PENSION PLAN BOARD
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_| (b) |_|
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3. SEC Use Only
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4. Source of Funds (See Instructions) OO
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5. Check 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 ONTARIO, CANADA
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7. Sole Voting Power 39,817,938 shares
Number of -------- -------------------------------------------------------
Shares 8. Shared Voting Power -0-
Beneficially
Owned -------- -------------------------------------------------------
by Each 9. Sole Dispositive Power 39,817,938 shares
Reporting
Person With -------- -------------------------------------------------------
10. Shared Dispositive Power -0-
-------- ----------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
39,817,938 shares
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) |_|
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13. Percent of Class Represented by Amount in Row (11) 4.99 %
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14. Type of Reporting Person (See Instructions) EP
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2
This Amendment No. 8 (this "Amendment") amends the Statement of Beneficial
Ownership on Schedule 13D originally filed with the Securities and Exchange
Commission (the "SEC") on April 9, 2007 (the "Schedule 13D") by Ontario
Teachers' Pension Plan Board ("Teachers'") with respect to the Common Shares, no
par value (the "Common Shares") of BCE Inc., a corporation organized under the
laws of Canada (the "Issuer"), as amended by Amendment No. 1 to the Schedule
13D, as filed with the SEC on June 5, 2007; Amendment No. 2 to the Schedule 13D,
as filed with the SEC on June 7, 2007; Amendment No. 3 to the Schedule 13D, as
filed with the SEC on June 28, 2007; Amendment No. 4 to the Schedule 13D, as
filed with the SEC on July 5, 2007; Amendment No. 5 to the Schedule 13D, as
filed with the SEC on October 25, 2007; Amendment No. 6 to the Schedule 13D, as
filed with the SEC on July 10, 2008 and Amendment No. 7 to the Schedule 13D, as
filed with the SEC on December 16, 2008. The address of the Issuer's principal
executive offices is 1000, rue de La Gauchetiere Ouest, Bureau 3700, Montreal,
Quebec, Canada H3B 4Y7. Unless specifically amended hereby or in Amendment No.
1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment
No. 6 or Amendment No. 7 to the Schedule 13D, the disclosures set forth in the
Schedule 13D shall remain unchanged. Capitalized terms used herein but not
otherwise defined herein shall have the meanings set forth in the Schedule 13D.
Item 2. IDENTITY AND BACKGROUND.
ITEM 2 IS AMENDED AND RESTATED AS FOLLOWS:
(a) This Amendment is being filed by Teachers'.
(b) - (c) Teachers' is an Ontario, Canada corporation, the principal
business of which is the administration of a pension plan and management of a
pension fund for Ontario teachers. The principal office and business address of
Teachers' is 5650 Yonge Street, 5th Floor, Toronto, Ontario M2M 4H5.
The name, residence or business address, and present principal occupation
or employment of each director, executive officer and controlling person of
Teachers' is set forth in Schedule A hereto, and is incorporated herein by
reference.
(d) Neither Teachers', nor to the best of Teachers' knowledge, any of
the persons identified in this Item 2 and Schedule A hereto has, during the last
five years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Neither Teachers', nor to the best of Teachers' knowledge, any of
the persons identified in this Item 2 and Schedule A hereto has, during the last
five years, been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
(f) Each of the persons listed on Schedule A hereto is a citizen of
Canada.
Item 5. INTERESTS IN THE SECURITIES OF THE PURCHASER.
3
ITEM 5 IS AMENDED AND RESTATED AS FOLLOWS:
(a) and (b) As of the date of this Amendment, Teachers' is the beneficial
owner of 39,817,938 Common Shares, representing approximately 4.99% of the
Common Shares outstanding, which percentage is calculated based upon 798,624,538
Common Shares reported to be outstanding by the Issuer as of January 9, 2009.
Teachers' has sole voting and dispositive power with respect to all of the
Common Shares beneficially owned by it.
As of the date of this Amendment, to the best of Teachers' knowledge, the
following persons listed on Schedule A hereto beneficially own the following
number of Common Shares (in each case the number of Common Shares representing
less than 1% of the Common Shares outstanding, which percentage is calculated
based upon 798,624,538 Common Shares reported to be outstanding by the Issuer as
of January 9, 2009) and, except as otherwise noted below, have sole voting power
and sole dispositive power with respect to such Common Shares:
Common Shares
Name Beneficially Owned
---- ------------------
(i) Jean Turmel 1,830
(ii) Andrew Claerhout 183
(iii) David McGraw 472(1)
(iv) Lee Sienna 273
(v) Michael Wissell 1,000
(vi) Rosemary Zigrossi 60(2)
Teachers' disclaims beneficial ownership of any Common Shares beneficially
owned by any of the foregoing persons. The foregoing persons disclaim beneficial
ownership of any Common Shares beneficially owned by Teachers'.
Except as described above, neither Teachers' nor, to the best of Teachers'
knowledge, any of the persons listed on Schedule A hereto beneficially owns any
Common Shares.
(c) Except as set forth above or in the attached Schedule B, Teachers'
has not effected any transaction in Common Shares during the 60 days preceding
the date of this Amendment. To the best of Teachers' knowledge, none of the
persons listed on Schedule A hereto has effected any transactions in Common
Shares in the past 60 days.
(d) Not applicable.
(e) On March 12, 2009, Teachers' ceased to be the beneficial owner of
more than five percent of the Common Shares of the Issuer.
--------
(1) Mr. McGraw owns such Common Shares in an account over which he has no
investment discretion.
(2) Ms. Zigrossi owns such Common Shares in an account over which she has no
investment discretion.
SIGNATURE
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: March 13, 2009
ONTARIO TEACHERS' PENSION PLAN BOARD
By: /s/ Roger Barton
---------------------------------
Name: Roger Barton
Title: Vice President
SCHEDULE A
Directors, Executive Officers, and Controlling Persons of Ontario Teachers'
Pension Plan Board ("Teachers"), each of whom is a citizen of Canada.
------------------------ ----------------------------------- -----------------------------------------------
Name Residence or Business Address Occupation or Employment
------------------------ ----------------------------------- -----------------------------------------------
Jill Denham 36 Bayview Wood Former Vice-Chair, CIBC Retail Markets
(Board member) Toronto, ON M4N 1R7
------------------------ ----------------------------------- -----------------------------------------------
Helen Kearns 71 Hudson Drive President of R.S. Bell & Associates
(Board member) Toronto, ON M4T 2K2
------------------------ ----------------------------------- -----------------------------------------------
Hugh Mackenzie 418 Markham Street Economic Consultant
(Board member) Toronto, ON M6G 2L2
------------------------ ----------------------------------- -----------------------------------------------
Louis Martel Greystone Managed Investments Inc. Senior Vice-President, Greystone Managed
(Board member) Canada Trust Tower, BCE Place Investments Inc.
Toronto, ON M5J 2S1
------------------------ ----------------------------------- -----------------------------------------------
Guy Matte 7083 Notre-Dame Former Executive Director of the Association
(Board member) Orleans, ON K1C 1J1 des enseignantes et des enseignants
franco-ontariens
------------------------ ----------------------------------- -----------------------------------------------
Eileen Mercier One Post Road, PH #7 President, Finvoy Management Inc.
(Chairperson) Toronto, ON M3B 3R4
------------------------ ----------------------------------- -----------------------------------------------
Sharon Sallows 40 Edgar Avenue Partner, Ryegate Capital Corporation
(Board member) Toronto, ON M4W 2A9
------------------------ ----------------------------------- -----------------------------------------------
William Swirsky 71 Constance Street Vice-President, Canadian Institute of
(Board member) Toronto, ON M6R 1S5 Chartered Accountants
------------------------ ----------------------------------- -----------------------------------------------
Jean Turmel Perseus Capital Inc. President, Perseus Capital Inc.
(Board member) 1155 Metcalfe St., 1st floor
Montreal, Quebec H3B 5G2
------------------------ ----------------------------------- -----------------------------------------------
------------------------ ----------------------------------- -----------------------------------------------
Roger Barton 5650 Yonge Street, 5th Floor Vice-President, General Counsel & Secretary
Toronto, ON M2M 4H5 of Teachers
------------------------ ----------------------------------- -----------------------------------------------
Russ Bruch 5650 Yonge Street, 5th Floor Vice-President, Investment Operations & Chief
Toronto, ON M2M 4H5 Information Officer of Teachers
------------------------ ----------------------------------- -----------------------------------------------
Jason Chang 5650 Yonge Street, 5th Floor Vice-President, Fixed Income Capital
Toronto, ON M2M 4H5 Management of Teachers
------------------------ ----------------------------------- -----------------------------------------------
Andrew Claerhout 4th floor, Leaconsfield House, Vice-President, EMEA, Private Capital of
Curzon Street, London, UK W1J5JA Teachers (London UK)
------------------------ ----------------------------------- -----------------------------------------------
Shael Dolman 5650 Yonge Street, 5th Floor Vice-President, Private Capital of Teachers
Toronto, ON M2M 4H5
------------------------ ----------------------------------- -----------------------------------------------
Stephen Dowd 5650 Yonge Street, 5th Floor Senior Vice-President, Infrastructure of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
Zev Frishman 5650 Yonge Street, 5th Floor Vice-President, Structured Portfolios &
Toronto, ON M2M 4H5 External Managers of Teachers
------------------------ ----------------------------------- -----------------------------------------------
Jonathan Hausman 5650 Yonge Street, 5th Floor Vice-President, Alternative Investments &
Toronto, ON M2M 4H5 Emerging Markets
------------------------ ----------------------------------- -----------------------------------------------
Dan Houle 5650 Yonge Street, 5th Floor Vice-President, Investment Operations of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
Kevin Kerr 5650 Yonge Street, 5th Floor Vice-President, Infrastructure of Teachers
Toronto, ON M2M 4H5
4
------------------------ ----------------------------------- -----------------------------------------------
Wayne Kozun 5650 Yonge Street, 5th Floor Senior Vice-President, Public Equities of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
Jim Leech 5650 Yonge Street, 5th Floor President and Chief Executive Officer of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
Leslie Lefebvre 5650 Yonge Street, 5th Floor Vice-President, Global Active Equities of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
Peter Maher 5650 Yonge Street, 5th Floor Vice-President, Audit Services of Teachers
Toronto, ON M2M 4H5
------------------------ ----------------------------------- -----------------------------------------------
Rosemarie McClean 5650 Yonge Street, 5th Floor Senior Vice-President, Member Services of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
David McGraw 5650 Yonge Street, 5th Floor Senior Vice-President and Chief Financial
Toronto, ON M2M 4H5 Officer of Teachers
------------------------ ----------------------------------- -----------------------------------------------
Marcia Mendes-d'Abreu 5650 Yonge Street, 5th Floor Vice-President, Human Resources of Teachers
Toronto, ON M2M 4H5
------------------------ ----------------------------------- -----------------------------------------------
Ron Mock 5650 Yonge Street, 5th Floor Senior Vice-President, Fixed Income and
Toronto, ON M2M 4H5 Alternative Investments of Teachers
------------------------ ----------------------------------- -----------------------------------------------
Phil Nichols 5650 Yonge Street, 5th Floor Vice-President, IT Member Services of Teachers
Toronto, ON M2M 4H5
------------------------ ----------------------------------- -----------------------------------------------
Neil Petroff 5650 Yonge Street, 5th Floor Executive Vice-President, Investments of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
William Royan 5650 Yonge Street, 5th Floor Vice-President, Relationship Investing of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
Lee Sienna 5650 Yonge Street, 5th Floor Vice-President, Long Term Equities of Teachers
Toronto, ON M2M 4H5
------------------------ ----------------------------------- -----------------------------------------------
Glen Silvestri 5650 Yonge Street, 5th Floor Vice-President, Private Capital of Teachers
Toronto, ON M2M 4H5
------------------------ ----------------------------------- -----------------------------------------------
Andrew Spence 5650 Yonge Street, 5th Floor Vice-President and Chief Economist of Teachers
Toronto, ON M2M 4H5
------------------------ ----------------------------------- -----------------------------------------------
Erol Uzumeri 5650 Yonge Street, 5th Floor Senior Vice-President, Private Capital of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
Michael Wissell 5650 Yonge Street, 5th Floor Vice-President, Tactical Asset Allocation of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
Rosemary Zigrossi 5650 Yonge Street, 5th Floor Vice-President, Asset Mix & Risk of Teachers
Toronto, ON M2M 4H5
------------------------ ----------------------------------- -----------------------------------------------
Barb Zvan 5650 Yonge Street, 5th Floor Senior Vice-President, Asset Mix & Risk of
Toronto, ON M2M 4H5 Teachers
------------------------ ----------------------------------- -----------------------------------------------
5
SCHEDULE B
Transactions in Common Shares by Teachers' during the past 60 days:
------------------------------- ---------------- --------------- ----------------------- -----------------------
Date of Transaction Number of Common Purchase or Price per Common Share Transaction Effected
Shares Sale Through
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 18, 2009 289,665 Sale Cdn$25.32 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 18, 2009 3,500 Sale Cdn$25.32 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 18, 2009 620,900 Sale Cdn$25.32 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 18, 2009 7,900 Sale Cdn$25.32 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 18, 2009 138,099 Sale Cdn$25.32 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 18, 2009 67,136 Sale Cdn$25.32 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 19, 2009 1,200 Sale Cdn$25.28 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 19, 2009 91,900 Sale Cdn$25.28 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 19, 2009 200 Sale Cdn$25.28 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 19, 2009 53,703 Sale Cdn$25.28 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 19, 2009 13,097 Sale Cdn$25.28 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 19, 2009 4,100 Sale Cdn$25.28 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 23, 2009 900 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 23, 2009 165,500 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 23, 2009 1,600 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 23, 2009 187,839 Sale Cdn$24.91 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 23, 2009 91,193 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 23, 2009 46,268 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 24, 2009 100 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 24, 2009 9,500 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 24, 2009 312,400 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 24, 2009 3,600 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 24, 2009 739,322 Sale Cdn$24.91 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 24, 2009 96,142 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 24, 2009 21,936 Sale Cdn$24.91 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 25, 2009 1,300 Sale Cdn$25.03 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 25, 2009 13,400 Sale Cdn$25.03 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 25, 2009 497,800 Sale Cdn$25.03 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 25, 2009 8,600 Sale Cdn$25.03 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 25, 2009 566,132 Sale Cdn$25.03 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 25, 2009 149,668 Sale Cdn$25.03 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 25, 2009 35,800 Sale Cdn$25.03 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 26, 2009 651,272 Sale Cdn$24.96 TSX & Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 26, 2009 159,228 Sale Cdn$24.96 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 27, 2009 12,300 Sale Cdn$24.83 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 27, 2009 216,500 Sale Cdn$24.83 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 27, 2009 1,700 Sale Cdn$24.83 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 27, 2009 31,900 Sale Cdn$24.83 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 27, 2009 598,047 Sale Cdn$24.83 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
6
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 27, 2009 179,213 Sale Cdn$24.83 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
February 27, 2009 20,340 Sale Cdn$24.83 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 2, 2009 200 Sale Cdn$24.16 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 2, 2009 7,700 Sale Cdn$24.16 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 2, 2009 159,200 Sale Cdn$24.16 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 2, 2009 2,500 Sale Cdn$24.16 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 2, 2009 246,657 Sale Cdn$24.16 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 2, 2009 76,743 Sale Cdn$24.16 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 2, 2009 7,300 Sale Cdn$24.16 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 3, 2009 300 Sale Cdn$24.22 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 3, 2009 11,200 Sale Cdn$24.22 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 3, 2009 137,500 Sale Cdn$24.22 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 3, 2009 2,500 Sale Cdn$24.22 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 3, 2009 429,070 Sale Cdn$24.22 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 3, 2009 187,230 Sale Cdn$24.22 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 3, 2009 35,700 Sale Cdn$24.22 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 4, 2009 4,800 Sale Cdn$24.42 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 4, 2009 158,600 Sale Cdn$24.42 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 4, 2009 1,100 Sale Cdn$24.42 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 4, 2009 112,624 Sale Cdn$24.42 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 4, 2009 80,706 Sale Cdn$24.42 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 4, 2009 12,170 Sale Cdn$24.42 Other
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 12, 2009 110,400 Sale Cdn$24.28 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------
March 12, 2009 3,089,600 Sale Cdn$24.28 TSX
------------------------------- ---------------- --------------- ----------------------- -----------------------