SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Amendment No. 3)
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 10 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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5. SOLE VOTING POWER
4,307,574
NUMBER OF ------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 4,307,574
PERSON ------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,307,574
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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)
5.4%
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12. TYPE OF REPORTING PERSON
PN
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CUSIP No. 930059100 13G/A Page 3 of 10 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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5. SOLE VOTING POWER
4,307,574
NUMBER OF ------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 4,307,574
PERSON ------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,307,574
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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)
5.4%
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12. TYPE OF REPORTING PERSON
OO
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CUSIP No. 930059100 13G/A Page 4 of 10 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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5. SOLE VOTING POWER
4,307,574
NUMBER OF ------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 4,307,574
PERSON ------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,307,574
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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)
5.4%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 930059100 13G/A Page 5 of 10 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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5. SOLE VOTING POWER
4,307,574
NUMBER OF ------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 4,307,574
PERSON ------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,307,574
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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)
5.4%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 930059100 13G/A Page 6 of 10 Pages
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This Amendment No. 3 to Schedule 13G ("Amendment No. 3") 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 and Amendment No.
2 filed on February 14, 2001, with respect to the shares of Class B Common
Stock, par value $.01 per share (the "Class B Shares"), of Waddell & Reed
Financial, Inc. (the "Issuer"). Pursuant to stockholder approval, as of the
close of business on April 30, 2001, the Issuer effected a combination of its
two classes of common stock into a single class, reclassifying all of its Class
B Shares into shares of its Class A Common Stock, par value $.01 per share (the
"Class A Shares"), on a one-for-one basis. Accordingly, this Amendment No. 3
reflects the CUSIP Number of the Class A Shares into which the Class B Shares
were converted.
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
("common stock") 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.
Highfields Capital Management, Highfields GP, Mr. Jacobson and
Mr. Grubman 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
Boston, Massachusetts 02116
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CUSIP No. 930059100 13G/A Page 7 of 10 Pages
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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
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;
(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).
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CUSIP No. 930059100 13G/A Page 8 of 10 Pages
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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:
4,307,574 shares of Common Stock
(b) Percent of class:
5.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 4,307,574
(ii) Shared power to vote or to direct the vote --0--
(iii) Sole power to dispose or to direct the disposition
of 4,307,574
(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 to which this filing by Highfields Capital
Management, Highfields GP, Mr. Jacobson and Mr. Grubman
relates are beneficially owned by the Funds, each of which has
the power to direct the dividends from or the proceeds of the
sale of the shares owned by such Funds. Highfields Capital
Management serves as the Investment Manager to each of the
Funds. None of the Funds individually owns more than five
percent of the shares of common stock of the Issuer.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not applicable.
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CUSIP No. 930059100 13G/A Page 9 of 10 Pages
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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 10 of 10 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, 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