UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
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)
December 31, 2002
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No. 930059100 13G/A Page 2 of 12 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 6,086,643
SHARES ------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY ------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 6,086,643
REPORTING ------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER 0
WITH
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,086,643
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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
7.6%
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12. TYPE OF REPORTING PERSON
PN
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CUSIP No. 930059100 13G/A Page 3 of 12 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 6,086,643
SHARES -------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY -------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 6,086,643
REPORTING -------------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,086,643
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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
7.6%
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12. TYPE OF REPORTING PERSON
OO
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CUSIP NO. 930059100 13G/A Page 4 of 12 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 6,086,643
SHARES --------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY --------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 6,086,643
REPORTING --------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER 0
WITH
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,086,643
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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
7.6%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP NO. 930059100 13G/A Page 5 of 12 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 6,086,643
SHARES --------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY --------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 6,086,643
REPORTING --------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER 0
WITH
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,086,643
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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
7.6%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 930059100 13G/A Page 6 of 12 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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 4,115,217
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY -----------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 4,115,217
REPORTING -----------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,115,217
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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
5.1%
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12. TYPE OF REPORTING PERSON
PN
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CUSIP No. 930059100 13G/A Page 7 of 12 Pages
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Item 1(a). Name of Issuer:
Waddell & Reed Financial, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
6300 Lamar Avenue, Overland Park, Kansas 66202
Item 2(a). Name of Person Filing:
This statement is being filed by the following persons with respect
to the shares of Class A Common Stock of the Issuer 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 statement is also being filed by Highfields Capital Ltd., an
exempted limited company organized under the laws of the Cayman
Islands, B.W.I., with respect to the shares of Class A Common Stock
of the Issuer owned by Highfields Capital Ltd. (which shares of
Class A Common Stock 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 Capital Ltd. are sometimes individually
referred to herein as a "Reporting Person" and collectively as the
"Reporting Persons."
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, 51st Floor
Boston, Massachusetts 02116
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CUSIP No. 930059100 13G/A Page 8 of 12 Pages
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Address for Highfields Capital Ltd.:
c/o Goldman Sachs (Cayman) Trust, Limited
Harbour Centre, Second Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
Item 2(c). Citizenship:
Highfields Capital Management - Delaware
Highfields GP - Delaware
Jonathon S. Jacobson - United States
Richard L. Grubman - United States
Highfields Capital Ltd. - Cayman Islands, B.W.I.
Item 2(d). Title of Class of Securities:
Class A Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
930059100
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);
(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;
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CUSIP No. 930059100 13G/A Page 9 of 12 Pages
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(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 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:
6,086,643 shares of Class A Common Stock
(b) Percent of class:
7.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 6,086,643
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
6,086,643
(iv) Shared power to dispose or to direct the disposition of: 0
For Highfields Capital Ltd.:
(a) Amount beneficially owned:
4,115,217 shares of Class A Common Stock
(b) Percent of class:
5.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 4,115,217
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CUSIP No. 930059100 13G/A Page 10 of 12 Pages
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(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
4,115,217
(iv) Shared power to dispose or to direct the disposition of:
0
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 shares beneficially owned by Highfields Capital Management,
Highfields GP, Mr. Jacobson and Mr. Grubman are owned by the Funds.
Highfields Ltd. owns 5.1% of the shares; both Highfields Capital I LP
and Highfields Capital II LP individually own less than 5% of the
shares. Highfields Capital Management serves as the investment manager
to each of the Funds. Each of Highfields Capital Management,
Highfields GP, Mr. Jacobson and Mr. Grubman has the power to direct
the dividends from or the proceeds of the sale of the shares owned by
the Funds.
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.
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 11 of 12 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.
February 14, 2003
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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, Authorized Signatory
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Name/Title
RICHARD L. GRUBMAN
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Authorized Signatory
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Name/Title
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CUSIP No. 930059100 13G/A Page 12 of 12 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