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
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13D-2(b)
(AMENDMENT NO. 3)*
CAPITAL TRUST, INC.
------------------
(NAME OF ISSUER)
CLASS A COMMON STOCK,
PAR VALUE $0.01 PER SHARE 14052H100
------------------------------ -------------
(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER)
JULY 28, 2004
------------------------------------------------------
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
[x] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
*The remainder of this cover page should 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 is the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 ("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).
(Continued on following page(s))
(Page 1)
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- ------------------------- ------------------------------- ---------------------------------------------------
CUSIP No. 14052H100 13G Page 2
- ------------------------- ------------------------------- ---------------------------------------------------
- --------------------- -----------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS: GENERAL MOTORS INVESTMENT MANAGEMENT CORPORATION
I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS (ENTITIES ONLY):
- --------------------- -----------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- --------------------- -----------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------- -----------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
- ------------------------- ---- --------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 712,237 (1)
SHARES
---- --------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
---- --------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 712,237 (1)
REPORTING
---- --------------------------------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
- --------------------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 712,237 (1)
EACH REPORTING PERSON:
- --------------------- ----------------------------------------------------------------------- -----------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_]
- --------------------- ----------------------------------------------------------------------- -----------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.7% (1) (2)
- --------------------- ----------------------------------- -----------------------------------------------------------
12 TYPE OF REPORTING PERSON: IA
- --------------------- -----------------------------------------------------------------------------------------------
(1) Consists of 712,237 shares of Class A Common Stock, par value $0.01 per
share ("Common Stock") acquired upon conversion of securities previously
beneficially held by the reporting persons, as more fully described in Item 4.
(2) Based upon 12,544,161 shares outstanding as of August 5, 2004, as reported
in Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June
30, 2004 filed with the Securities and Exchange Commission on August 16, 2004.
2
- ------------------------- ------------------------------- ---------------------------------------------------
CUSIP No. 14052H100 13G Page 3
- ------------------------- ------------------------------- ---------------------------------------------------
- --------------------- -----------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS: GMAM INVESTMENT FUNDS TRUST
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY):
- --------------------- -----------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- --------------------- -----------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------- -----------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF NEW YORK
ORGANIZATION:
- ------------------------- ---- --------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
---- --------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
---- --------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
---- --------------------------------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
- --------------------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 49,856 (1)
EACH REPORTING PERSON:
- --------------------- -----------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_]
- --------------------- -----------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.4% (1) (2)
- --------------------- ----------------------------------- -----------------------------------------------------------
12 TYPE OF REPORTING PERSON: EP
- --------------------- ----------------------------------- -----------------------------------------------------------
(1) Consists of 49,856 shares of Common Stock which GMAM Investment Funds Trust
acquired upon conversion of securities previously held by it, as more fully
described in Item 4.
(2) Based upon 12,544,161 shares outstanding as of August 5, 2004, as reported
in Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June
30, 2004 filed with the Securities and Exchange Commission on August 16, 2004.
3
- ------------------------- ------------------------------- ---------------------------------------------------
CUSIP No. 14052H100 13G Page 4
- ------------------------- ------------------------------- ---------------------------------------------------
- --------------------- -----------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS: GMAM GROUP PENSION TRUST II
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY):
- --------------------- -----------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- --------------------- -----------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------- -----------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF NEW YORK
ORGANIZATION:
- ------------------------- ---- --------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
---- --------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
---- --------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
---- --------------------------------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
- --------------------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 662,381 (1)
EACH REPORTING PERSON:
- --------------------- -----------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_]
- --------------------- -----------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.3% (1) (2)
- --------------------- ----------------------------------- -----------------------------------------------------------
12 TYPE OF REPORTING PERSON: EP
- --------------------- ----------------------------------- -----------------------------------------------------------
(1) Consists of 662,381 shares of Common Stock which GMAM Group Pension Trust II
acquired upon conversion of securities previously held by it, as more fully
described in Item 4.
(2) Based upon 12,544,161 shares outstanding as of August 5, 2004, as reported
in Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June
30, 2004 filed with the Securities and Exchange Commission on August 16, 2004.
4
SCHEDULE 13G
Explanatory Note: This Amendment No. 3 is being filed to reflect a material
decrease in the percentage of securities of the Issuer beneficially owned by the
Reporting Persons.
ITEM 1
(a) NAME OF ISSUER:
CAPITAL TRUST, INC., a Maryland corporation.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
410 Park Avenue, 14th Floor
New York, NY 10022
ITEM 2
(a) NAME OF PERSON FILING:
(1) General Motors Trust Bank, National Association, as Trustee for GMAM
Investment Funds Trust (the "GMAM Investment Funds Trust")
(2) JPMorgan Chase Bank, as Trustee for GMAM Group Pension Trust II (the
"GMAM Group Pension Trust II")
(3) General Motors Investment Management Corporation ("GMIMCo")
The GMAM Investment Funds Trust, the GMAM Group Pension Trust II and GMIMCo are
referred to herein collectively as the "Reporting Persons." A joint filing
agreement of the Reporting Persons is attached hereto as Exhibit I.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
(1) The GMAM Investment Funds Trust: c/o General Motors Trust
Bank, National Association
767 Fifth Avenue
New York, New York 10153
(2) The GMAM Group Pension Trust II: c/o JPMorgan Chase Bank
3 Chase MetroTech Center
5th Floor
Brooklyn, New York 11245
(3) GMIMCo: 767 Fifth Avenue
New York, New York 10153
5
(c) CITIZENSHIP:
(1) The GMAM Investment Funds Trust: New York
(2) The GMAM Group Pension Trust II: New York
(3) GMIMCo: Delaware
(d) TITLE OF CLASS OF SECURITIES:
Class A Common Stock, par value $0.01 per share
(e) CUSIP NUMBER: 14052H100
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR RULE
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(1) The GMAM Investment Funds Trust - (f) [x] An employee benefit
plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
(2) The GMAM Group Pension Trust II - (f) [x] An employee benefit
plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
(3) GMIMCo - (e) [x] an investment adviser in accordance with Rule
13d-1(b) (1) (ii) (E).
ITEM 4 OWNERSHIP.
(a) Amount Beneficially Owned:
(1) The GMAM Investment Funds Trust: 49,856 shares{1}
(2) The GMAM Group Pension Trust II: 662,381 shares{1}
(3) GMIMCo: 712,237 shares{1}
(b) Percent of Class (based upon 12,544,161 shares outstanding as of August 5,
2004, as reported in Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2004 filed with the Securities and Exchange
Commission on August 16, 2004):
(1) The GMAM Investment Funds Trust: 0.4%
(2) The GMAM Group Pension Trust II: 5.3%
(3) GMIMCo: 5.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote {2}
(1) The GMAM Investment Funds Trust: 0
(2) The GMAM Group Pension Trust II: 0
(3) GMIMCo: 712,237
6
(ii) Shared power to vote or to direct the vote -0-
(iii) Sole power to dispose or to direct the disposition of {2}
(1) The GMAM Investment Funds Trust: 0
(2) The GMAM Group Pension Trust II: 0
(3) GMIMCo: 712,237
(iv) Shared power to dispose or to direct the disposition of -0-
{1} Each of the GMAM Investment Funds Trust and the GMAM Group Pension Trust II
is a pension trust formed pursuant to the laws of the of the State of New
York for the benefit of certain employee benefit plans of General Motors
Corporation ("GM"), its subsidiaries and unrelated employers. These shares
may be deemed to be owned beneficially by GMIMCo, a wholly-owned subsidiary
of GM. GMIMCo is registered as an investment adviser under the Investment
Advisers Act of 1940, as amended. GMIMCo's principal business is providing
investment advice and investment management services with respect to the
assets of certain employee benefit plans of GM, its subsidiaries and
unrelated employers, and with respect to the assets of certain direct and
indirect subsidiaries of GM and associated entities. GMIMCo is serving as
investment manager with respect to these shares and in that capacity it has
the sole power to direct JPMorgan Chase Bank, as Trustee for the GMAM Group
Pension Trust II, and General Motors Trust Bank, National Association, as
Trustee for the GMAM Investment Funds Trust (together, the "Trustees"), as
to the voting and disposition of these shares. Because of the Trustees'
limited role, beneficial ownership of the shares by the Trustees is
disclaimed.
{2} Each of the GMAM Investment Funds Trust and the GMAM Group Pension Trust II
invests in a variety of investment media, including publicly traded and
privately placed securities. Such investments could include Common Stock
and/or other securities of the Issuer in addition to those referred to in
this Statement ("Additional Securities"). The investment and voting
decisions regarding any Additional Securities which might be owned by the
GMAM Investment Funds Trust or the GMAM Group Pension Trust II are made by
the Trustees or unrelated investment managers who, in so acting, act
independently of the Reporting Persons (although the appointment of the
Trustees and the investment managers is subject to the authorization of
GMIMCo). The Reporting Persons do not have or share voting power or
investment power over any Additional Securities which might be held by the
GMAM Investment Funds Trust or the GMAM Group Pension Trust II. No
information regarding any such holdings by the GMAM Investment Funds Trust
or the GMAM Group Pension Trust II is contained in this Statement.
7
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9 NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
8
ITEM 10 CERTIFICATIONS.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose or effect.
9
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: November 4, 2004
General Motors Trust Bank, National Association,
as Trustee for GMAM INVESTMENT FUNDS TRUST
(as directed by General Motors Investment
Management Corporation)
By: /s/ Thomas E. Dobrowski
---------------------------------------------
Name: Thomas E. Dobrowski
Title: Managing Director, Real Estate and
Alternative Investments
JPMorgan Chase Bank, as Trustee for
GMAM GROUP PENSION TRUST II (as directed by
General Motors Investment Management Corporation)
By: /s/ John F. Weeda
----------------------------------------------
Name: John F. Weeda
Title: Vice President
GENERAL MOTORS INVESTMENT MANAGEMENT CORPORATION
By: /s/ Thomas E. Dobrowski
----------------------------------------------
Name: Thomas E. Dobrowski
Title: Managing Director, Real Estate and
Alternative Investments
10