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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 22)
---------------------------
REGENCY CENTERS CORPORATION
(FORMERLY REGENCY REALTY CORPORATION)
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE 758849 10 3
(Title of class of securities) (CUSIP number)
BRIAN T. MCANANEY, ESQ.
GENERAL ELECTRIC CAPITAL CORPORATION
260 LONG RIDGE ROAD
STAMFORD, CONNECTICUT 06927
(203) 357-4000
(Name, address and telephone number of person authorized
to receive notices and communications)
DECEMBER 15, 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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 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 purposes 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.)
(Continued on following pages)
(Page 1 of 15 pages)
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1
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CUSIP number 758849 10 3 13D Page 2 of 15 Pages
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1 NAME OF REPORTING PERSON: SECURITY CAPITAL GROUP
INCORPORATED
S.S. OR I.R.S. IDENTIFICATION NO. 36-3692698
OF ABOVE PERSON:
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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 SOURCE OF FUNDS: BK, OO
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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: MARYLAND
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
--------------------------------------------------------
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 0
REPORTING PERSON:
--------------------------------------------------------------------------------
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: CO
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2
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CUSIP number 758849 10 3 13D Page 3 of 15 Pages
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1 NAME OF REPORTING PERSON: SC CAPITAL INCORPORATED
S.S. OR I.R.S. IDENTIFICATION NO. 74-2985638
OF ABOVE PERSON:
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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 SOURCE OF FUNDS: BK, OO
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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 NEVADA
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------
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 0
REPORTING PERSON:
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES:
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
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14 TYPE OF REPORTING PERSON: CO
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3
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CUSIP number 758849 10 3 13D Page 4 of 15 Pages
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1 NAME OF REPORTING PERSON: SC REALTY INCORPORATED
S.S. OR I.R.S. IDENTIFICATION NO. 88-0330184
OF ABOVE PERSON:
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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 SOURCE OF FUNDS: BK, OO
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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: NEVADA
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
REPORTING PERSON:
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES:
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
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14 TYPE OF REPORTING PERSON: CO
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4
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CUSIP number 758849 10 3 13D Page 5 of 15 Pages
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1 NAME OF REPORTING PERSON: SECURITY CAPITAL OPERATIONS
INCORPORATED
S.S. OR I.R.S. IDENTIFICATION NO. 52-2146697
OF ABOVE PERSON:
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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 SOURCE OF FUNDS: BK, OO
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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 MARYLAND
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
REPORTING PERSON:
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES:
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
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14 TYPE OF REPORTING PERSON: CO
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5
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CUSIP number 758849 10 3 13D Page 6 of 15 Pages
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1 NAME OF REPORTING PERSON: SECURITY CAPITAL SHOPPING MALL
BUSINESS TRUST
S.S. OR I.R.S. IDENTIFICATION NO. 74-2869169
OF ABOVE PERSON:
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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 SOURCE OF FUNDS: BK, OO
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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 MARYLAND
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
REPORTING PERSON:
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES:
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
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14 TYPE OF REPORTING PERSON: CO
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6
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CUSIP number 758849 10 3 13D Page 7 of 15 Pages
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1 NAME OF REPORTING PERSON: GE CAPITAL INTERNATIONAL HOLDINGS
CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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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 SOURCE OF FUNDS: BK, OO
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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 DELAWARE
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------
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 0
REPORTING PERSON:
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES:
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
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14 TYPE OF REPORTING PERSON: CO
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7
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CUSIP number 758849 10 3 13D Page 8 of 15 Pages
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC CAPITAL
CORPORATION
S.S. OR I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS: BK, OO
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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 DELAWARE
ORGANIZATION:
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
REPORTING PERSON:
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES:
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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8
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CUSIP number 758849 10 3 13D Page 9 of 15 Pages
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1 NAME OF REPORTING PERSON: GENRAL ELECTRIC CAPITAL SERVICES,
INC.
S.S. OR I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS:
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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 SOURCE OF FUNDS: NOT APPLICABLE
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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 DELAWARE
ORGANIZATION:
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
REPORTING PERSON:
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES:
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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9
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CUSIP number 758849 10 3 13D Page 10 of 15 Pages
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC COMPANY
S.S. OR I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS:
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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 SOURCE OF FUNDS: NOT APPLICABLE
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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 NEW YORK
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
REPORTING PERSON:
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES:
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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10
This Amendment No. 22 ("Amendment No. 22") is filed by Security Capital
Group Incorporated, a Maryland corporation ("Security Capital Group"), SC
Capital Incorporated, a Nevada corporation ("SC Capital") and a wholly owned
subsidiary of Security Capital Group, SC Realty Incorporated, a Nevada
corporation ("SC-Realty") and a wholly owned subsidiary of SC Capital, Security
Capital Operations Incorporated, a Maryland corporation ("Operations") and a
wholly owned subsidiary of SC-Realty, Security Capital Shopping Mall Business
Trust, a Maryland real estate investment trust and a subsidiary of Operations
(f/k/a Midwest Mixed-Use Realty Investors Trust) ("SC Shopping Mall Business
Trust" and, together with Security Capital Group, "Security Capital"), General
Electric Company, a New York corporation ("GE"), General Electric Capital
Services, Inc., a Delaware corporation ("GECS") and a wholly owned subsidiary of
GE, General Electric Capital Corporation, a Delaware corporation ("GECC") and a
wholly owned subsidiary of GECS, and GE Capital International Holdings
Corporation, a Delaware corporation ("GE Holdings" and, together with GE, GECS,
GECC, Security Capital Group, SC Capital, SC-Realty, Operations and SC Shopping
Mall Business Trust, the "Reporting Persons") and a wholly owned subsidiary of
GECC and the parent corporation of Security Capital Group.
This Amendment No. 22 amends the Schedule 13D originally filed by
Security Capital U.S. Realty and Security Capital Holdings S.A. on June 21, 1996
(as previously amended, the "Schedule 13D"). This Amendment No. 22 relates to
shares of common stock, par value $0.01 per share ("Common Stock"), of Regency
Centers Corporation, a Florida corporation (f/k/a Regency Realty Corporation)
("Regency"). Capitalized terms used herein without definition shall have the
meanings ascribed thereto in the Schedule 13D, as amended.
Item 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended and supplemented as follows:
As previously reported, on June 18, 2003, Security Capital entered into
forward sales transactions with respect to 20,000,000 shares of Common Stock,
representing all of the shares of Common Stock held of record by SC Shopping
Mall Business Trust. Those forward sales contracts became effective on June 24,
2003. As previously reported, on September 25, 2003, Security Capital settled
under its forward contract with Merrill Lynch International (the "ML Forward
Contract"). In accordance with the terms of the ML Forward Contract, Security
Capital delivered 3,906,667 shares of Common Stock, representing all of the
shares of Common Stock subject to the ML Forward Contract, to Merrill Lynch
International in exchange for a cash payment of approximately $30.68 per share
(which is equal to $31.1355 per share of Common Stock, plus interest and minus
the amount of dividends paid on the Common Stock with record dates between June
18, 2003 and the settlement date (plus interest on those dividends)). As
previously reported, on September 26, 2003, Security Capital settled under its
previously reported forward contract with Wachovia Bank, National Association
(the "Wachovia Forward Contract"). In accordance with the terms of the Wachovia
Forward Contract, Security Capital delivered 3,906,666 shares of Common Stock,
representing all of the shares of
11
Common Stock subject to the Wachovia Forward Contract, to Wachovia Bank,
National Association in exchange for a cash payment of approximately $30.68 per
share (which is equal to $31.1355 per share of Common Stock, plus interest and
minus the amount of dividends paid on the Common Stock with record dates between
June 18, 2003 and the settlement date (plus interest on those dividends)).
On December 15, 2003, Security Capital settled under its previously
reported forward contract with Citibank, N.A. (the "Citibank Forward Contract").
In accordance with the terms of the Citibank Forward Contract, Security Capital
delivered 4,080,000 shares of Common Stock, representing all of the shares of
Common Stock subject to the Citibank Forward Contract, to Citibank, N.A. in
exchange for a cash payment of approximately $30.0404 per share (which is equal
to $30.92 per share of Common Stock, plus interest and minus the amount of
dividends paid on the Common Stock with record dates between June 18, 2003 and
the settlement date (plus interest on those dividends)). Also on December 15,
2003, Security Capital settled under its previously reported forward contract
with UBS AG, London Branch (the "UBS Forward Contract"). In accordance with the
terms of the UBS Forward Contract, Security Capital delivered 4,200,000 shares
of Common Stock, representing all of the shares of Common Stock subject to the
UBS Forward Contract, to UBS AG, London Branch in exchange for a cash payment of
approximately $30.0404 per share (which is equal to $30.92 per share of Common
Stock, plus interest and minus the amount of dividends paid on the Common Stock
with record dates between June 18, 2003 and the settlement date (plus interest
on those dividends)). Finally, on December 16, 2003, Security Capital settled
under its forward contract with JPMorgan Chase Bank, London Branch (the
"JPMorgan Forward Contract"). In accordance with the terms of the JPMorgan
Forward Contract, Security Capital delivered 3,906,667 shares of Common Stock,
representing all of the shares of Common Stock subject to the JPMorgan Forward
Contract, to JPMorgan Chase Bank in exchange for a cash payment of approximately
$30.2158 per share (which is equal to $31.1355 per share of Common Stock, plus
interest and minus the amount of dividends paid on the Common Stock with record
dates between June 18, 2003 and the settlement date (plus interest on those
dividends)).
Upon settlement of these three previously reported forward sales
contracts, none of the Reporting Persons owns any shares of Common Stock.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
As described in Item 4 above, on December 15, 2003 and December 16,
2003, Security Capital disposed of 4,080,000, 4,200,000 and 3,906,667 shares of
Common Stock, respectively, pursuant to the transactions described in Item 4.
Accordingly, none of the Reporting Persons beneficially owns any shares of
Common Stock. As previously reported, pursuant to the Agreement Relating to
Disposition of Shares, Security Capital had agreed to vote any shares of Common
Stock that are subject to forward contracts and over which it had voting power
in the same proportion as shares are voted by other shareholders of Regency.
Because Security Capital no longer
12
beneficially owns any shares of Common Stock, its voting obligations under the
Agreement Relating to the Disposition of Shares have ceased.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
The descriptions of the contracts, arrangements, understandings and
relationships described above in the response to Item 4 are incorporated into
this Item.
13
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Schedule 13D is true, complete
and correct.
Date: December 16, 2003
GENERAL ELECTRIC COMPANY
By: /s/ Kevin Korsh
---------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Kevin Korsh
---------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Kevin Korsh
---------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
GE CAPITAL INTERNATIONAL HOLDINGS
CORPORATION
By: /s/ Kevin Korsh
---------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
SECURITY CAPITAL GROUP INCORPORATED
By: /s/ Kevin Korsh
---------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
14
SC CAPITAL INCORPORATED
By: /s/ Kevin Korsh
---------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
SC REALTY INCORPORATED
By: /s/ Kevin Korsh
---------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
SECURITY CAPITAL OPERATIONS INCORPORATED
By: /s/ Kevin Korsh
---------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
SECURITY CAPITAL SHOPPING MALL BUSINESS
TRUST
By: /s/ Kevin Korsh
---------------------------
Name: Kevin Korsh
Title: Attorney-in-fact
15