1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 4)
Under the Securities Exchange Act of 1934*
McKesson HBOC, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
58155Q103
--------------------------------------------------------------------------------
(CUSIP Number)
June 28, 2001
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed: [ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 the
disclosures provided in a prior cover page.
The information required in 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 ("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).
Person Authorized to Receive Notices and Communications:
Janice V. Sharry, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5562
2
--------------------- ------------------
CUSIP No. - 58155Q103 SCHEDULE 13G Page 2 of 12 Pages
--------------------- ------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Partners, L.P., a Delaware limited partnership
1 22-2875193
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
4 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
5 1,858,615
--------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES
BENEFICIALLY 6 0
OWNED BY --------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING
PERSON 7 1,858,615
WITH --------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 6,071,349*
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
10 N/A
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 2.13%*
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12 PN
--------------------------------------------------------------------------------
*ESL disclaims beneficial ownership of all shares that are beneficially owned by
Ziff, and the filing of this Schedule 13G shall not be construed as an admission
that ESL is a member of a group with Ziff. All defined terms used herein are
defined below.
3
--------------------- ------------------
CUSIP No. - 58155Q103 Page 3 of 12 Pages
--------------------- ------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 ESL Limited, a Bermuda corporation
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
4 Bermuda
--------------------------------------------------------------------------------
SOLE VOTING POWER
5 393,274
--------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES
BENEFICIALLY 6 0
OWNED BY --------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING
PERSON 7 393,274
WITH --------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 6,071,349*
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
10 N/A
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 2.13%*
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12 CO
--------------------------------------------------------------------------------
*Limited disclaims beneficial ownership of all shares that are beneficially
owned by Ziff, and the filing of this Schedule 13G shall not be construed as an
admission that Limited is a member of a group with Ziff. All defined terms used
herein are defined below.
4
--------------------- ------------------
CUSIP No. - 58155Q103 Page 4 of 12 Pages
--------------------- ------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 ESL Institutional Partners, L.P., a Delaware limited
partnership
06-1456821
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
4 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
5 75,451
--------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES
BENEFICIALLY 6 0
OWNED BY --------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING
PERSON 7 75,451
WITH --------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 6,071,349*
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
10 N/A
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 2.13%*
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12 PN
--------------------------------------------------------------------------------
*Institutional disclaims beneficial ownership of all shares that are
beneficially owned by Ziff, and the filing of this Schedule 13G shall not be
construed as an admission that Institutional is a member of a group with Ziff.
All defined terms used herein are defined below.
5
--------------------- ------------------
CUSIP No. - 58155Q103 Page 5 of 12 Pages
--------------------- ------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 ESL Investors, L.L.C., a Delaware limited liability company
13-4095958
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
4 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
5 465,193
--------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES
BENEFICIALLY 6 0
OWNED BY --------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING
PERSON 7 465,193
WITH --------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 6,071,349*
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
10 N/A
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 2.13%*
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12 OO
--------------------------------------------------------------------------------
*Investors disclaims beneficial ownership of all shares that are beneficially
owned by Ziff, and the filing of this Schedule 13G shall not be construed as an
admission that Investors is a member of a group with Ziff. All defined terms
used herein are defined below.
6
--------------------- ------------------
CUSIP No. - 58155Q103 Page 6 of 12 Pages
--------------------- ------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CBL Partners, L.P., a Delaware limited partnership
1 06-1526810
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
4 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
5 2,528,027
--------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES
BENEFICIALLY 6 0
OWNED BY --------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING
PERSON 7 2,528,027
WITH --------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 6,071,349*
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
10 N/A
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 2.13%*
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12 PN
--------------------------------------------------------------------------------
*CBL disclaims beneficial ownership of all shares that are beneficially owned by
Ziff, and the filing of this Schedule 13G shall not be construed as an admission
that CBL is a member of a group with Ziff. All defined terms used herein are
defined below.
7
--------------------- ------------------
CUSIP No. - 58155Q103 Page 7 of 12 Pages
--------------------- ------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ziff Asset Management, L.P., a Delaware limited partnership
1 13-3791746
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
4 Delaware
--------------------------------------------------------------------------------
SOLE VOTING POWER
5 750,789
--------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES
BENEFICIALLY 6 0
OWNED BY --------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING
PERSON 7 750,789
WITH --------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 750,789*
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
10 N/A
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 0.26%*
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12 PN
--------------------------------------------------------------------------------
*Ziff disclaims beneficial ownership of all shares that are beneficially owned
by ESL, Limited, Institutional, Investors and CBL, and the filing of this
Schedule 13G shall not be construed as an admission that Ziff is a member of a
group with ESL, Limited, Institutional, Investors and CBL. All defined terms
used herein are defined below.
8
--------------------- ------------------
CUSIP No. - 58155Q103 Page 8 of 12 Pages
--------------------- ------------------
Item 1(a) Name of Issuer:
McKesson HBOC, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
One Post Street, McKesson Plaza
San Francisco, CA 94104
Item 2(a) Names of Persons Filing:
ESL Partners, L.P.
ESL Limited
ESL Institutional Partners, L.P.
ESL Investors, L.L.C.
CBL Partners, L.P.
Ziff Asset Management, L.P.
Item 2(b) Addresses of Principal Business Offices:
ESL Partners, L.P., ESL Institutional Partners, L.P., ESL
Investors, L.L.C. and CBL Partners, L.P.:
One Lafayette Place
Greenwich, CT 06830
ESL Limited
Hemisphere House
9 Church Street
Hamilton, Bermuda
Ziff Asset Management, L.P.:
c/o PBK Holdings, Inc.
283 Greenwich Avenue
Third Floor
Greenwich, CT 06830
Item 2(c) Citizenship:
ESL Partners, L.P. - Delaware
ESL Limited -- Bermuda
ESL Institutional Partners, L.P. - Delaware
ESL Investors, L.L.C. - Delaware
CBL Partners, L.P. - Delaware
Ziff Asset Management, L.P. - Delaware
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
58155Q103
9
--------------------- ------------------
CUSIP No. - 58155Q103 Page 9 of 12 Pages
--------------------- ------------------
Item 3 Status of Persons Filing:
(a) [ ] Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c);
(c) [ ] Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C.
80a-8);
(e) [ ] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C.
1813);
(i) [ ] A church plan that is excluded from the
definition of an investment company under section
3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with Section
240.13d-1(b)(1)(ii)(J).
Item 4 Ownership:
(a) Amount Beneficially Owned: 6,071,349 shares of Common
Stock, par value $.01 per share.
This statement is filed on behalf of ESL Partners, L.P., a
Delaware limited partnership ("ESL"), ESL Limited, a Bermuda
corporation ("Limited"), ESL Institutional Partners, L.P., a
Delaware limited partnership ("Institutional"), ESL Investors,
L.L.C., a Delaware limited liability company ("Investors"),
CBL Partners, L.P., a Delaware limited partnership ("CBL"),
and Ziff Asset Management, L.P. ("Ziff") (collectively, the
"Item 2 Persons"). The general partner of ESL is RBS Partners,
L.P. (the "General Partner"). The general partner of the
General Partner is ESL Investments, Inc., a Delaware
corporation ("Investments"). ESL Investment Management, LLC, a
Delaware limited liability company, is the investment manager
of Limited. RBS Investment Management, LLC, a Delaware limited
liability company, is the general partner of Institutional.
RBS Partners, L.P. is the manager of Investors. Investments is
the general partner of CBL. PBK Holdings, Inc., a Delaware
corporation, is the general partner of Ziff. In the
aforementioned capacities, ESL, Limited, Institutional,
Investors, CBL and Ziff each may be deemed to be the
beneficial owner of the shares of McKesson HBOC, Inc. common
stock ("Common Stock") beneficially owned by the other Item 2
Persons; PROVIDED, HOWEVER, Ziff disclaims beneficial
ownership of all shares that are beneficially owned by ESL,
Limited, Institutional, Investors and CBL; and the filing of
this Schedule 13G shall not be construed as an admission that
Ziff is a member of a group with ESL, Limited, Institutional,
Investors and CBL; PROVIDED FURTHER, ESL, Limited,
Institutional, Investors and CBL each disclaim beneficial
ownership of all shares that are beneficially owned by Ziff,
and the filing of this Schedule 13G shall not be construed as
an admission that ESL, Limited, Institutional, Investors and
CBL are members of a group with Ziff.
As of July 3, 2001, the Item 2 Persons beneficially owned an
aggregate of 6,071,349 shares of Common Stock as follows: (i)
ESL was the record owner of 1,858,615 shares of Common Stock;
(ii) Limited was the record owner of 393,274 shares of Common
Stock; (iii) Institutional was the record owner of 75,451
shares of Common Stock; and (iv) Investors was the record
owner of 465,193 shares of Common Stock; (v) CBL was the
record owner of 2,528,027 shares of Common Stock; (vi) Ziff
was the record owner of 750,789 shares of Common Stock.
(b) Percent of Class: 2.13%.
10
--------------------- -------------------
CUSIP No. - 58155Q103 Page 10 of 12 Pages
--------------------- -------------------
(c) Number of shares as to which each person has:
(i) sole power to vote or to direct the vote:
See Item 5 of each cover page.
(ii) shared power to vote or to direct the
vote: 0
(iii) sole power to dispose or to direct the
disposition of:
See Item 7 of each cover page.
(iv) shared power to dispose or to direct the
disposition of: 0
Item 5 Ownership of 5% or Less of a Class: If this statement is being
filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more
than 5 percent of the class of securities, check the
following: [X]
Item 6 Ownership of More than 5% 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 or Control Person:
Not applicable
Item 8 Identification and Classification of Members of the Group:
See Item 4(a).
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.
11
--------------------- -------------------
CUSIP No. - 58155Q103 Page 11 of 12 Pages
--------------------- -------------------
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.
Date: July 3, 2001
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general
partner
By: ESL Investments, Inc., its general
partner
By: /s/ Edward S. Lampert
-----------------------------
Edward S. Lampert
Chief Executive Officer
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/ Edward S. Lampert
-----------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC,
its general partner
By: /s/ Edward S. Lampert
-----------------------------
Edward S. Lampert
Managing Member
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., its manager
By: ESL Investments, Inc., its general
partner
By: /s/ Edward S. Lampert
---------------------
Edward S. Lampert
Chairman
12
--------------------- -------------------
CUSIP No. - 58155Q103 Page 12 of 12 Pages
--------------------- -------------------
CBL PARTNERS, L.P.
By: ESL Investments, Inc., its general
partner
By: /s/ Edward S. Lampert
-----------------------------
Edward S. Lampert
Chief Executive Officer
ZIFF ASSET MANAGEMENT, L.P.
By: PBK HOLDINGS, INC., its general
partner
By: /s/ Timothy J. Mitchell
-----------------------------
Timothy J. Mitchell
Vice President
13
EXHIBITS
Exhibit 1 Joint Filing Agreement, dated as of March 20, 2001, entered
into by and among ESL Partners, L.P., ESL Limited, ESL
Institutional Partners, L.P., ESL Investors, L.L.C., CBL
Partners, L.P., and Ziff Asset Management, L.P. (incorporated
herein by reference to Exhibit 1 to Amendment No. 3 to
Schedule 13G, filed with the SEC on March 20, 2001).