Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
WACKENHUT CORRECTIONS CORPORATION
------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value
------------------------------------------------
(Title of Class of Securities)
929798106
------------------------------------------------
(CUSIP Number)
Group 4 Falck A/S
Polititorvet, DK-1780 Copenhagen V
Copenhagen, Denmark
Tel: 011-45-7013-4343
Attn: Soren Lundsberg-Nielsen
-----------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
July 9, 2003
------------------------------------------------
(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), Rule 13d-1(f) or Rule 13d-1(g), check
the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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. 929798106 13D/A Page 2 of 12
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1. NAME OR REPORTING PERSON
GROUP 4 FALCK A/S
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
- -------------------------------------------------------------------------------
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:
Denmark
- -------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON
WITH ----------------------------------------------------------
9. SOLE DISPOSITIVE POWER
0
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
CUSIP No. 929798106 13D/A Page 3 of 12
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES**
/x/
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
- ------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
CUSIP No. 929798106 13D/A Page 4 of 12
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
1. NAME OR REPORTING PERSON
MILESTONE HOLDING ONE, INC.
- --------- ---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
- --------- ---------------------------------------------------------------------
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
0
NUMBER OF ----------------------------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON
WITH ----------------------------------------------------------
9. SOLE DISPOSITIVE POWER
0
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
CUSIP No. 929798106 13D/A Page 5 of 12
- -------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES**
/x/
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
CUSIP No. 929798106 13D/A Page 6 of 12
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- -------------------------------------------------------------------------------
1. NAME OR REPORTING PERSON
THE WACKENHUT CORPORATION
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
- -------------------------------------------------------------------------------
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:
Florida
- -------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON
WITH ----------------------------------------------------------
9. SOLE DISPOSITIVE POWER
0
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
CUSIP No. 929798106 13D/A Page 7 of 12
- -------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES**
/x/
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
CUSIP No. 929798106 13D/A Page 8 of 12
- -------------------------------------------------------------------------------
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1. NAME OR REPORTING PERSON
TUHNEKCAW, INC.
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
- -------------------------------------------------------------------------------
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
0
NUMBER OF ----------------------------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON
WITH ----------------------------------------------------------
9. SOLE DISPOSITIVE POWER
0
---------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
CUSIP No. 929798106 13D/A Page 9 of 12
- -------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES**
/x/
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
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CUSIP No. 929798106 13D/A Page 10 of 12
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Group 4 Falck A/S, a company organized under the laws of Denmark ("Group
4 Falck"), Group 4 Falck's wholly owned subsidiary, Milestone Holding One,
Inc., a Delaware corporation ("MHO"), MHO's wholly owned subsidiary, The
Wackenhut Corporation, a Florida corporation ("TWC") and TWC's wholly owned
subsidiary, Tuhnekcaw, Inc., a Delaware corporation ("Tuhnekcaw", and together
with Group 4 Falck, MHO and TWC, the "Reporting Persons"), hereby file this
Amendment No. 3 (this "Amendment No. 3") to amend and supplement the Statement
on Schedule 13D originally filed on March 18, 2002, as amended and
supplemented by Amendment No. 1 filed on May 22, 2002 and by Amendment No. 2
filed on May 7, 2003 (collectively, the "Statement") with respect to the
beneficial ownership by the Reporting Persons of 12,000,000 shares (the
"Subject Shares") of common stock, par value $0.01 per share (the "Common
Stock"), of Wackenhut Corrections Corporation, a Florida corporation (the
"Issuer"). Capitalized terms used but not defined in this Amendment No. 3 have
the meanings assigned thereto in the Statement. The Statement is hereby
amended and supplemented by this Amendment No. 3. Except as amended and
supplemented hereby, the Statement remains in full force and effect.
Item 5. Interest in Securities of the Issuer
Item 5 of the Statement is hereby amended and restated in its entirety as
follows:
(a) As disclosed in Items 4 and 6 of Amendment No. 2 to Schedule 13D, filed b
y
the Reporting Persons on May 7, 2003, Group 4 Falck, TWC and Tuhnekcaw entered
into a Share Purchase Agreement, dated as of April 30, 2003 (the "Share
Purchase Agreement"), with the Issuer pursuant to which Group 4 Falck, TWC and
Tuhnekcaw agreed to sell all of the Subject Shares to the Issuer pursuant to
the terms and conditions of the Share Purchase Agreement. On July 9, 2003 (the
"Closing Date"), the Issuer consummated the purchase of the Subject Shares
from Group 4 Falck, TWC and Tuhnekcaw for an aggregate purchase price of
$132,000,000. In connection with the closing of the transactions contemplated
by the Share Purchase Agreement: (1) the WCC Agreement was terminated; (2) the
two representatives of Group 4 Falck on the Issuer's board of directors
resigned from such positions; and (3) the letter agreement pursuant to which
Group 4 Falck had agreed to certain reimbursement obligations with respect to
the Issuer's interest in its U.K. joint venture, as well as certain other
commercial agreements between one or more of the Reporting Persons and the
Issuer, were terminated.
As a result of the consummation of the transactions contemplated by the Share
Purchase Agreement, as of the date hereof, none of the Reporting Persons (and,
to the best knowledge of the Reporting Persons, none of such entities'
respective executive officers or directors) beneficially own any shares of the
Common Stock of the Issuer.
(b) Not applicable.
(c) Except as set forth above with respect to the sale of the Subject Shares
to the Issuer, none of the Reporting Persons (and, to the best knowledge of
the Reporting Persons, none of such entities' respective executive officers or
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CUSIP No. 929798106 13D/A Page 11 of 12
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directors) have effected any transactions in the Common Stock in the last 60
days.
(d) Not applicable.
(e) As of the Closing Date, each of the Reporting Persons ceased to be a
beneficial owner of more than five percent of the outstanding shares of Common
Stock.
Item 7. Material to be Filed as Exhibits
I. Agreement and Plan of Merger, dated March 8, 2002 by and among The
Wackenhut Corporation, Group 4 Falck A/S and Milestone Acquisition
Corporation. (Incorporated herein by reference to Exhibit 2.1 to the
Form 8-K filed by The Wackenhut Corporation on March 8, 2002.)
II. Agreement, dated March 8, 2002 by and among Group 4 Falck A/S,
Wackenhut Corrections Corporation and The Wackenhut Corporation.
(Incorporated herein by reference to Exhibit 10.1 to the Form 8-K
filed by Wackenhut Corrections Corporation on March 8, 2002.)
III. Share Purchase Agreement, dated as of April 30, 2003, by and among
Group 4 Falck A/S, Tuhnekcaw, Inc., The Wackenhut Corporation and
Wackenhut Corrections Corporation. (Filed with Amendment No. 2 to
the Statement on Schedule 13D filed on May 7, 2003 by the Reporting
Persons and incorporated herein by reference.)
IV. Joint Filing Agreement, dated May 6, 2003, by and among Group 4
Falck A/S, Milestone Holding One, Inc., The Wackenhut Corporation
and Tuhnekcaw, Inc. (Filed with Amendment No. 2 to the Statement on
Schedule 13D filed on May 7, 2003 by the Reporting Persons and
incorporated herein by reference.)
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CUSIP No. 929798106 13D/A Page 12 of 12
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SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned hereby certifies that the information set forth
in this Amendment No. 3 to Schedule 13D is true, complete and correct.
Dated: July 9, 2003
GROUP 4 FALCK A/S
By: /s/ Lars Norby Johansen
Name: Lars Norby Johansen
Title: President and CEO
By: /s/ Soren Lundsberg-Nielsen
Name: Soren Lundsberg-Nielsen
Title: Group General Counsel
MILESTONE HOLDING ONE, INC.
By: /s/ Lars Norby Johansen
Name: Lars Norby Johansen
Title: President and CEO, Group 4 Falck
By: /s/ Soren Lundsberg-Nielsen
Name: Soren Lundsberg-Nielsen
Title: Group General Counsel, Group 4 Falck
THE WACKENHUT CORPORATION
By: /s/ Lars Norby Johansen
Name: Lars Norby Johansen
Title: President and CEO, Group 4 Falck
By: /s/ Soren Lundsberg-Nielsen
Name: Soren Lundsberg-Nielsen
Title: Group General Counsel, Group 4 Falck
TUHNEKCAW, INC.
By: /s/ Lars Norby Johansen
Name: Lars Norby Johansen
Title: President and CEO, Group 4 Falck
By: /s/ Soren Lundsberg-Nielsen
Name: Soren Lundsberg-Nielsen
Title: Group General Counsel, Group 4 Falck