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Wexner Leslie H., et al. – ‘SC 13D/A’ on 5/4/99 re: L Brands, Inc.

As of:  Tuesday, 5/4/99   ·   Accession #:  909518-99-279   ·   File #:  5-33912

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 5/04/99  Wexner Leslie H.                  SC 13D/A               3:35K  L Brands, Inc.                    Weil Gotshal & Ma… 04/FA
          Harry, Hannah, David & Sarah Wexner Trust
          Health and Science Interests II
          The Wexner Children’s Trust
          The Wexner Foundation
          Wexner Leslie H

Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment to General Statement of Beneficial          11     45K 
                          Ownership                                              
 2: EX-99       Miscellaneous Exhibit                                  5     19K 
 3: EX-99       Miscellaneous Exhibit                                  1      8K 


SC 13D/A   —   Amendment to General Statement of Beneficial Ownership
Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
7Item 2. Identity and Background
"Item 4. Purpose of Transaction
"Item 5. Interest in Securities of the Issuer
9Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
"Item 7. Material to be Filed as Exhibits
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================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (AMENDMENT NO. 19) THE LIMITED, INC. -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.50 PAR VALUE 532716-10-7 -------------------------------------------------------------------------------- (Title of class of securities) (CUSIP number) RAYMOND O. GIETZ, ESQ. WEIL, GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK 10153 (212) 310-8000 -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) MAY 3, 1999 -------------------------------------------------------------------------------- (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 Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [_]. ================================================================================ NYFS01...:\08\80808\0004\306\13D3119X.12D
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[Enlarge/Download Table] ---------------------------------------------- ---------------------------------------------- CUSIP No. 532716-10-7 13D Page 2 ---------------------------------------------- ---------------------------------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Leslie H. Wexner I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): ------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] ------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 51,885,582 SHARES --------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 6,233,317 OWNED BY --------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 52,426,980 REPORTING --------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,233,317 ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 58,660,297 ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X] ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 25.7% ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN ------------------------------------------------------------------------------------------------------- SEE INSTRUCTIONS BEFORE FILLING OUT!
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---------------------------------------------- ---------------------------------------------- CUSIP No. 532716-10-7 13D Page 3 ---------------------------------------------- ---------------------------------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: The Wexner Foundation I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): ------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] ------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 883,317 SHARES --------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: -0- OWNED BY --------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 883,317 REPORTING --------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 883,317 ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.4% ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO ------------------------------------------------------------------------------------------------------- SEE INSTRUCTIONS BEFORE FILLING OUT!
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---------------------------------------------- ---------------------------------------------- CUSIP No. 532716-10-7 13D Page 4 ---------------------------------------------- ---------------------------------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Health and Science Interests II I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): ------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] ------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 350,000 SHARES --------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: -0- OWNED BY --------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 350,000 REPORTING --------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 350,000 ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.2% ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO ------------------------------------------------------------------------------------------------------- SEE INSTRUCTIONS BEFORE FILLING OUT!
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---------------------------------------------- ---------------------------------------------- CUSIP No. 532716-10-7 13D Page 5 ---------------------------------------------- ---------------------------------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: The Wexner Children's Trust I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): ------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] ------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 18,750,000 SHARES --------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: -0- OWNED BY --------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 18,750,000 REPORTING --------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 18,750,000 ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.2% ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO ------------------------------------------------------------------------------------------------------- SEE INSTRUCTIONS BEFORE FILLING OUT!
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---------------------------------------------- ---------------------------------------------- CUSIP No. 532716-10-7 13D Page 6 ---------------------------------------------- ---------------------------------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Harry, Hannah, David and Sarah Wexner Trust I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): ------------------------------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] ------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 5,000,000 SHARES --------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: -0- OWNED BY --------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 5,000,000 REPORTING --------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,000,000 ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.2% ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO -------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
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This Amendment No. 19 amends the Schedule 13D dated June 25, 1985, as amended in certain respects by Amendments No. 1 through 18 thereto, filed by a group currently comprised of Leslie H. Wexner, The Wexner Foundation, Health and Science Interests II, The Wexner Children's Trust, and the Harry, Hannah, David and Sarah Wexner Trust (collectively, the "Purchasers"), with respect to the common stock, $0.50 par value per share (the "Common Stock"), of The Limited, Inc. (the "Company"). Item 2. Identity and Background. On September 11, 1998, Leslie H. Wexner contributed 5,000,000 shares of Common Stock to the Harry, Hannah, David and Sarah Wexner Trust. The trustees of such trust are Mr. Wexner and Jeffrey E. Epstein. Accordingly, the trust has become a member of the Purchasers' group. On February 1, 1999, the Harry, Hannah, and David Wexner Trust disposed of all of its shares of Common Stock to Leslie H. Wexner. Accordingly, such trust is no longer a member of the Purchasers' group. An agreement among the Purchasers with respect to the filing of this statement is attached hereto as Exhibit 2. Item 4. Purpose of Transaction. Pursuant to an Agreement, entered into as of May 3, 1999, among the Company, Leslie H. Wexner, in his individual capacity and Leslie H. Wexner, as Trustee of The Wexner Children's Trust (the "Agreement"), the parties agreed to rescind for all purposes that certain Contingent Stock Redemption Agreement, dated as of January 26, 1996 (filed as Exhibit A to Amendment No. 14 to the Schedule 13D), and as amended on July 19, 1996, as if such Contingent Stock Redemption Agreement was never of any force or effect. Accordingly, the "Redemption Right" and the "Company Redemption Right", described in Item 6 of Amendment No. 14 to the Schedule 13D have been rescinded. A copy of the Agreement is attached hereto as Exhibit 1. Item 5. Interest in Securities of the Issuer. (a) The responses of the Purchasers to Rows (11) through (13) of the cover pages of this Amendment No. 19 are incorporated herein by reference. As of May 3, 1999, the Purchasers beneficially owned the number shares of the Common Stock listed below, representing approximately the percentage of the outstanding shares 7
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of Common Stock set forth opposite such number (the outstanding shares of Common Stock, 228,165,712, being based on the number of shares outstanding as of March 26, 1999 as reported in the Company's Form 10-K for the fiscal year ended January 30, 1999): [Download Table] Percent Person Number of Shares of Class ------ ---------------- -------- 1. Leslie H. Wexner 58,660,297 (1)(2)(3)(4)(5) 25.7% 2. The Wexner Foundation 883,317 (1) 0.4% 3. Health and Science 350,000 (2) 0.2% Interests II 4. The Wexner Children's 18,750,000 (4) 8.2% Trust 5. Harry, Hannah, David 5,000,000 (5) 2.2% and Sarah Wexner Trust ------------------------------ (1) Power to vote or direct the disposition of the 883,317 shares held by The Wexner Foundation may be deemed to be shared by Leslie H. Wexner and Jeffrey E. Epstein as the trustees of The Wexner Foundation. Leslie H. Wexner and Jeffrey E. Epstein disclaim beneficial ownership of the shares held by The Wexner Foundation. (2) Power to vote or direct the disposition of the 350,000 shares held by Health and Science Interests II may be deemed to be shared by Leslie H. Wexner and Jeffrey E. Epstein as trustee thereof. Leslie H. Wexner and Jeffrey E. Epstein disclaim beneficial ownership of shares held by Health and Science Interests II. (3) Includes 541,398 shares held in The Limited, Inc. Savings and Retirement Plan for Mr. Wexner's account (as of March 31, 1999) over which he exercises dispositive but not voting control. Also includes 437,610 shares issuable upon exercise of options held by Mr. Wexner. Excludes 820 shares and 254 options held directly by Mr. Wexner's spouse and 200,000 shares held in a trust of which Mr. Wexner's spouse is a beneficiary, as to which Mr. Wexner disclaims beneficial ownership. (4) Power to vote or direct the disposition of the 18,750,000 shares held by Leslie H. Wexner as the sole trustee of The Wexner Children's Trust. (5) Power to vote or direct the disposition of the 5,000,000 shares held by the Harry, Hannah, David and Sarah Wexner Trust may be deemed to be shared by Leslie H. Wexner and Jeffrey E. Epstein as trustees of such trust. 8
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(b) The responses of the Purchasers to (i) Rows (7) through (10) of the cover pages of this Amendment No. 19 and (ii) Item 5(a) hereof are incorporated herein by reference. (c) During the past 60 days, the Purchasers effected the following transactions in the Common Stock: [Enlarge/Download Table] Date of Amount of Price per Where and Person Transaction Securities Share How Effected ------ ----------- ---------- ----- ------------ Leslie H. Wexner 4/6/99 33,100 N/A Acquisition of shares as a shares result of vesting of restricted stock granted by the Company on May 4, 1993 (net of 17,785 shares utilized for withholding taxes). (d), (e): Not Applicable Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. The response to Item 4 of this Amendment No. 19 is incorporated herein by reference. Item 7. Material to be Filed as Exhibits Exhibit 1 Agreement, entered into as of May 3, 1999, among The Limited, Inc., Leslie H. Wexner, in his individual capacity and Leslie H. Wexner, as Trustee of The Wexner Children's Trust. Exhibit 2 Joint Filing Agreement by and among Leslie H. Wexner, The Wexner Foundation, Health and Science Interests II, The Wexner Children's Trust, Harry, Hannah and David Wexner Trust, and the Harry, Hannah, David and Sarah Wexner Trust, dated May 3, 1999. 9
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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: May 3, 1999 LESLIE H. WEXNER ------------------------------------------ Leslie H. Wexner THE WEXNER FOUNDATION By: DARREN K. INDYKE -------------------------------------- Darren K. Indyke, Secretary HEALTH AND SCIENCE INTERESTS II By: JEFFREY E. EPSTEIN -------------------------------------- Jeffrey E. Epstein, Trustee THE WEXNER CHILDREN'S TRUST By: LESLIE H. WEXNER -------------------------------------- Leslie H. Wexner, Trustee HARRY, HANNAH AND DAVID WEXNER TRUST By: JEFFREY E. EPSTEIN -------------------------------------- Jeffrey E. Epstein, Trustee HARRY, HANNAH, DAVID AND SARAH WEXNER TRUST By: JEFFREY E. EPSTEIN -------------------------------------- Jeffrey E. Epstein, Trustee 10
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EXHIBIT INDEX Exhibit No. ----------- Exhibit 1 Agreement, entered into as of May 3, 1999, among The Limited, Inc., Leslie H. Wexner, in his individual capacity and Leslie H. Wexner, as Trustee of The Wexner Children's Trust. Exhibit 2 Joint Filing Agreement by and among Leslie H. Wexner, The Wexner Foundation, Health and Science Interests II, The Wexner Children's Trust, Harry, Hannah and David Wexner Trust, and the Harry, Hannah, David and Sarah Wexner Trust, dated May 3, 1999.

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘SC 13D/A’ Filing    Date First  Last      Other Filings
Filed on:5/4/99SC 13E4
5/3/99111
3/31/9984
3/26/998
2/1/997
1/30/99810-K,  10-K/A
9/11/987
7/19/967
1/26/967
5/4/939
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