SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Amendment No. 4)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Waddell & Reed Financial, Inc.
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(Name of Issuer)
Class A Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
930059100
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(CUSIP Number)
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CUSIP No. 930059100 13G/A Page 2 of 13 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields Capital Management LP
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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
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER 5,973,243
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER --0--
OWNED BY ---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 5,973,243
REPORTING ---------------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER --0--
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,973,243
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |_|
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.4%
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12. TYPE OF REPORTING PERSON
PN
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CUSIP No. 930059100 13G/A Page 3 of 13 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields GP LLC
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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
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER 5,973,243
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER --0--
OWNED BY ---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 5,973,243
REPORTING ---------------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER --0--
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,973,243
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |_|
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.4%
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12. TYPE OF REPORTING PERSON
OO
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CUSIP No. 930059100 13G/A Page 4 of 13 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jonathon S. Jacobson
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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
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5. SOLE VOTING POWER 5,973,243
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER --0--
OWNED BY ---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 5,973,243
REPORTING ---------------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER --0--
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,973,243
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |_|
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.4%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 930059100 13G/A Page 5 of 13 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard L. Grubman
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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
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5. SOLE VOTING POWER 5,973,243
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER --0--
OWNED BY ---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 5,973,243
REPORTING ---------------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER --0--
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,973,243
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |_|
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.4%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 930059100 13G/A Page 6 of 13 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields Capital Ltd.
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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
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, B.W.I.
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NUMBER OF 5. SOLE VOTING POWER 4,062,305
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER --0--
OWNED BY ---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 4,062,305
REPORTING ---------------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER --0--
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,062,305
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |_|
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.0%
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12. TYPE OF REPORTING PERSON
PN
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CUSIP No. 930059100 13G/A Page 7 of 13 Pages
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This Amendment No. 4 to Schedule 13G ("Amendment No. 4") amends and supplements
the statements on Schedule 13G originally filed on March 3, 1999 and October 20,
1999, as amended by Amendment No. 1 filed on February 14, 2000, Amendment No. 2
filed on February 14, 2001 and Amendment No. 3 filed on February 14, 2002 (the
"Schedule 13G"), with respect to the shares of Class A Common Stock, par value
$.01 per share (the "Class A Shares"), of Waddell & Reed Financial, Inc. (the
"Issuer"). Capitalized terms used herein but not defined herein have the
meanings ascribed thereto in the Schedule 13G.
Item 1(a). Name of Issuer:
Waddell & Reed Financial, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
6300 Lamar Avenue, Overland Park, Kansas 66202
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Item 2(a). Name of Person Filing:
This Amendment No. 4 is being filed by the following persons with
respect to the Class A Shares directly owned by Highfields
Capital I LP, Highfields Capital II LP and Highfields Capital
Ltd. (collectively, the "Funds"):
(i) Highfields Capital Management LP, a Delaware limited
partnership ("Highfields Capital Management") and
Investment Manager to each of the Funds,
(ii) Highfields GP LLC, a Delaware limited liability company
("Highfields GP") and the General Partner of Highfields
Capital Management,
(iii) Jonathon S. Jacobson, a Managing Member of Highfields GP,
and
(iv) Richard L. Grubman, a Managing Member of Highfields GP.
This Amendment No. 4 is also being filed by Highfields Capital
Ltd., an exempted limited company organized under the laws of the
Cayman Islands, B.W.I. ("Highfields Ltd."), with respect to the
Class A Shares owned by Highfields Ltd. (which Class A Shares are
also included in the filings for Highfields Capital Management,
Highfields GP, Mr. Jacobson and Mr. Grubman).
Highfields Capital Management, Highfields GP, Mr. Jacobson, Mr.
Grubman and Highfields Ltd. are sometimes individually referred
to herein as a "Reporting Person" and collectively as the
"Reporting Persons."
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CUSIP No. 930059100 13G/A Page 8 of 13 Pages
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Item 2(b). Address of Principal Business Office or, if None, Residence:
Address for Highfields Capital Management, Highfields GP, Mr.
Jacobson and Mr. Grubman:
c/o Highfields Capital Management
200 Clarendon Street, 5lst Floor
Boston, Massachusetts 02116
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Address for Highfields Ltd.:
c/o Goldman Sachs (Cayman) Trust, Limited
Second Floor, Harbour Centre
P.O. Box 896 GT
George Town, Grand Cayman
Cayman Islands, B.W.I.
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Item 2(c). Citizenship:
Highfields Capital Management - Delaware
Highfields GP - Delaware
Jonathon S. Jacobson - United States
Richard L. Grubman - United States
Highfields Ltd. - Cayman Islands, B.W.I.
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Item 2(d). Title of Class of Securities:
Class A Common Stock, par value $.01 per share
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Item 2(e). CUSIP Number:
930059100
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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) |_| Broker or dealer registered under Section 15 of
the Exchange Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) |_| Investment company registered under Section 8 of the
Investment Company Act.
(e) |_| An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E);
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CUSIP No. 930059100 13G/A Page 9 of 13 Pages
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(f) |_| An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Provide the following information regarding the aggregate number
of and percentage of the class of securities of the Issuer
identified in Item 1.
For Highfields Capital Management, Highfields GP, Mr. Jacobson
and Mr. Grubman:
(a) Amount beneficially owned:
5,973,243 shares of Common Stock
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(b) Percent of class:
7.4%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 5,973,243
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(ii) Shared power to vote or to direct the vote --0--
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(iii) Sole power to dispose or to direct the disposition of
5,973,243
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(iv) Shared power to dispose or to direct the disposition
of --0--
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CUSIP No. 930059100 13G/A Page 10 of 13 Pages
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For Highfields Ltd.:
(a) Amount beneficially owned:
4,062,305 shares of Common Stock
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(b) Percent of class:
5.0%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 4,062,305
---------
(ii) Shared power to vote or to direct the vote --0--
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(iii) Sole power to dispose or to direct the disposition of
4,062,305
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(iv) Shared power to dispose or to direct the disposition
of --0--
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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.
The Class A Shares to which this filing by Highfields Capital
Management, Highfields GP, Mr. Jacobson and Mr. Grubman, each of
whom has the power to direct the dividends from or the proceeds
of the sale of the Class A Shares owned by the Funds, relates are
beneficially owned by the Funds. Highfields Capital Management
serves as the Investment Manager to each of the Funds. The Class
A Shares to which this filing by Highfields Ltd. relates are
beneficially owned by Highfields Ltd. Neither Highfields Capital
I LP nor Highfields Capital II LP individually owns more than
five percent of the Class A Shares.
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.
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CUSIP No. 930059100 13G/A Page 11 of 13 Pages
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Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above 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.
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CUSIP No. 930059100 13G/A Page 12 of 13 Pages
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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.
June 28, 2002
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Date
HIGHFIELDS CAPITAL MANAGEMENT LP
By: Highfields GP LLC, its General Partner
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Authorized Signatory
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Name/Title
HIGHFIELDS GP LLC
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Authorized Signatory
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Name/Title
JONATHON S. JACOBSON
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Attorney-in-Fact
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Name/Title
RICHARD L. GRUBMAN
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Attorney-in-Fact
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Name/Title
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CUSIP No. 930059100 13G/A Page 13 of 13 Pages
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HIGHFIELDS CAPITAL LTD.
By: Highfields Capital Management LP, its
Investment Manager
By: Highfields GP LLC, its General Partner
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Authorized Signatory
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Name/Title