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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. 24)
THE LIMITED, INC.
(Name of Issuer)
COMMON STOCK, $0.50 PAR VALUE 532716-10-7
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(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
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(Name, address and telephone number of person authorized to receive notices and
communications)
SEPTEMBER 13, 2000
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(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 [_].
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NY2:\963626\02\KNJ#02!.DOC\80808.0004
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CUSIP No. 532716-10-7 13-D Page 2
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1 NAME OF REPORTING PERSON: Leslie H. Wexner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF 7 SOLE VOTING POWER: 72,803,936
SHARES
----- -------------------------------------- -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,336,034
OWNED BY
----- -------------------------------------- -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 73,898,367
REPORTING
----- -------------------------------------- -------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 5,336,034
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 81,103,003
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 19.0%
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14 TYPE OF REPORTING PERSON: IN
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SEE INSTRUCTIONS BEFORE FILLING OUT!
2
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CUSIP No. 532716-10-7 13-D Page 3
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1 NAME OF REPORTING PERSON: The Wexner Foundation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 1,136,634
SHARES
------ -------------------------------------- -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------ -------------------------------------- -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,136,634
REPORTING
------ -------------------------------------- -------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,136,634
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.3%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
3
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CUSIP No. 532716-10-7 13-D Page 4
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1 NAME OF REPORTING PERSON: Health and Science Interests II
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 700,000
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
----- -------------------------------------- -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 700,000
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 700,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.2%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
4
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CUSIP No. 532716-10-7 13-D Page 5
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1 NAME OF REPORTING PERSON: The Wexner Children's Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 31,500,300
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 31,500,300
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 31,500,300
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 7.4%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
5
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CUSIP No. 532716-10-7 13-D Page 6
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1 NAME OF REPORTING PERSON: Harry, Hannah, David and Sarah Wexner Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------ ---------------------------------- -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
------ ---------------------------------- -------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: -0-
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
6
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CUSIP No. 532716-10-7 13-D Page 7
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1 NAME OF REPORTING PERSON: ASW Holdings, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 31-1654943
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF 7 SOLE VOTING POWER: 3,499,400
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 3,499,400
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 3,499,400
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8%
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14 TYPE OF REPORTING PERSON: CO
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7
This Amendment No. 24 amends the Schedule 13D dated June 25,
1985, as amended in certain respects by Amendments No. 1 through 23 thereto,
filed by a group currently comprised of Leslie H. Wexner, The Wexner Foundation,
Health and Science Interests II, The Wexner Children's Trust, Harry, Hannah,
David and Sarah Wexner Trust and ASW Holdings, Inc. (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 5. Interest in Securities of the Issuer.
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(a) The responses of the Purchasers to Rows (11) through (13)
of the cover pages of this Amendment No. 24 are incorporated herein by
reference. As of September 14, 2000, the Purchasers beneficially owned the
number shares of the Common Stock listed below, representing approximately the
percentage of the outstanding shares of Common Stock set forth opposite such
number (the outstanding shares of Common Stock, 425,574,209, being based on the
number of shares outstanding as of August 25, 2000 as reported in the Company's
Form 10-Q for the quarterly period ended July 29, 2000).
Percent
Person Number of Shares of Class
------------------- ------------------------- --------
1. Leslie H. Wexner 81,103,003 (1)(2)(3)(4)(5)(6) 19.0%
2. The Wexner Foundation 1,136,634 (1) 0.3%
3. Health and Science Interests II 700,000 (2) 0.2%
4. The Wexner Children's Trust 31,500,300 (4) 7.4%
5. Harry, Hannah, David and Sarah Wexner 0 (5) 0.0%
Trust
6. ASW Holdings, Inc. 3,499,400 (6) 0.8%
------------------------------
1. Power to vote or direct the disposition of the 1,136,634 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 700,000 shares held by
Health and Science Interests II may be deemed to be shared by Leslie H.
Wexner and Jeffrey E. Epstein as trustees thereof. Leslie H. Wexner and
Jeffrey E. Epstein disclaim beneficial ownership of shares held by
Health and Science Interests II.
3. Includes 1,094,431 shares held in The Limited, Inc. Savings and
Retirement Plan for Mr. Wexner's account over which he exercises
dispositive but not voting control. Also includes 1,868,602 shares
issuable within 60 days upon exercise of outstanding options held by
Mr. Wexner. Excludes 2,236 shares and 1,601 options held directly by
Abigail S. Wexner, Mr. Wexner's wife, and 400,000 shares held in a
trust of which Ms. Wexner is a beneficiary, as to which Mr. Wexner
disclaims beneficial ownership.
4. Power to vote or direct the disposition of the 31,500,300 shares held
by Leslie H. Wexner as the sole trustee of The Wexner Children's Trust.
8
5. Power to vote or direct the disposition of 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.
6. Power to vote or direct the disposition of the 3,499,400 shares held by
ASW Holdings may be deemed to be shared by ASW Holdings with Leslie H.
Wexner, by reason of his rights as the settlor of the trust that holds
100% of the outstanding capital stock of ASW Holdings.
(b) The responses of the Purchasers to (i) Rows (7) through
(10) of the cover pages of this Amendment No. 24 and (ii) Item 5(a) hereof are
incorporated herein by reference.
(c) In addition to the transaction described in Item 6 of this
Amendment No. 24 (which is hereby incorporated herein by reference), during the
past 60 days the Purchasers effected the following transactions in the Common
Stock:
Date of Amount of Price per Where and
Person Transaction Securities Share How Effected
------ ----------- ---------- ----- ------------
Harry, Hannah, David and 8/28/00 3,000,000 shares $20.625 NYSE (sale)
Sarah Wexner Trust
ASW Holdings, Inc. 9/13/00 3,500,000 shares $23.375 NYSE (sale)
(d), (e): Not Applicable
Item 6. Contracts, Arrangements, Understandings or Relationships With
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Respect to Securities of the Issuer.
------------------------------------
On September 11, 2000, the Harry, Hannah, David and Sarah
Wexner Trust distributed 2,279,394 shares of Common Stock to Leslie H. Wexner
without consideration.
Item 7. Materials to be Filed as Exhibits.
---------------------------------
Exhibit 1 Joint Filing Agreement by and among Leslie H. Wexner, The Wexner
Foundation, Health and Science Interests II, The Wexner Children's
Trust, the Harry, Hannah, David and Sarah Wexner Trust, and ASW
Holdings, Inc., dated September 15, 2000.
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: September 15, 2000
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, DAVID AND
SARAH WEXNER TRUST
By: Jeffrey E. Epstein
------------------------------
Jeffrey E. Epstein, Trustee
ASW HOLDINGS, INC.
By: Jeffrey E. Epstein
--------------------------------
Jeffrey E. Epstein, President
10
EXHIBIT INDEX
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Exhibit No.
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Exhibit 1 Joint Filing Agreement by and among Leslie H. Wexner, The Wexner
Foundation, Health and Science Interests II, The Wexner Children's
Trust, the Harry, Hannah, David and Sarah Wexner Trust, and ASW
Holdings, Inc., dated September 15, 2000.
11
Exhibit 1
JOINT FILING AGREEMENT
This will confirm the agreement by and among all the
undersigned that the Schedule 13D filed on or about this date and any amendments
thereto with respect to beneficial ownership by the undersigned of shares of the
common stock, par value $0.50 per share, of The Limited, Inc. is being filed on
behalf of each of the undersigned in accordance with Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934. This agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Dated: September 15, 2000
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, DAVID AND
SARAH WEXNER TRUST
By: Jeffrey E. Epstein
------------------------------
Jeffrey E. Epstein, Trustee
ASW HOLDINGS, INC.
By: Jeffrey E. Epstein
--------------------------------
Jeffrey E. Epstein, President
12
