SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)1
The Nasdaq Stock Market, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per Share
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(Title of Class of Securities)
631103108
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(CUSIP Number)
June 29, 2001
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(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)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
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1 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 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).
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CUSIP No. 631103108 13G Page 2 of 15 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
HELLMAN & FRIEDMAN CAPITAL PARTNERS IV, L.P.
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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
California
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5. SOLE VOTING POWER -0-
NUMBER OF ---------------------------------------------
SHARES 6. SHARED VOTING POWER 10,076,217.45
BENEFICIALLY
OWNED BY ---------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON WITH ---------------------------------------------
8. SHARED DISPOSITIVE POWER 10,076,217.45
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,076,217.45
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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
8.2%
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12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 631103108 13G Page 3 of 15 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
H&F EXECUTIVE FUND IV, L.P.
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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
California
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5. SOLE VOTING POWER -0-
NUMBER OF ---------------------------------------------
SHARES 6. SHARED VOTING POWER 224,108.90
BENEFICIALLY
OWNED BY ---------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON WITH ---------------------------------------------
8. SHARED DISPOSITIVE POWER 224,108.90
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
224,108.90
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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
0.2%
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12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 631103108 13G Page 4 of 15 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
H&F INTERNATIONAL PARTNERS IV-A, L.P.
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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
California
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5. SOLE VOTING POWER -0-
NUMBER OF ---------------------------------------------
SHARES 6. SHARED VOTING POWER 1,654,059.45
BENEFICIALLY
OWNED BY ---------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON WITH ---------------------------------------------
8. SHARED DISPOSITIVE POWER 1,654,059.45
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,654,059.45
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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
1.3%
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12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 631103108 13G Page 5 of 15 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
H & F INTERNATIONAL PARTNERS IV-B, L.P.
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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
California
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5. SOLE VOTING POWER -0-
NUMBER OF ---------------------------------------------
SHARES 6. SHARED VOTING POWER 545,614.20
BENEFICIALLY
OWNED BY ---------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON WITH ---------------------------------------------
8. SHARED DISPOSITIVE POWER 545,614.20
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,614.20
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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
0.4%
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12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 631103108 13G Page 6 of 15 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
H&F INVESTORS IV, 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
California
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5. SOLE VOTING POWER -0-
NUMBER OF ---------------------------------------------
SHARES 6. SHARED VOTING POWER 12,500,000
BENEFICIALLY
OWNED BY ---------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON WITH ---------------------------------------------
8. SHARED DISPOSIVE POWER 12,500,000
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,500,000
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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
10.1%
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12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 631103108 13G Page 7 of 15 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
F. WARREN HELLMAN
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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 of America
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5. SOLE VOTING POWER -0-
NUMBER OF ---------------------------------------------
SHARES 6. SHARED VOTING POWER 12,500,000
BENEFICIALLY
OWNED BY ---------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON WITH ---------------------------------------------
8. SHARED DISPOSIIVE POWER 12,500,000
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,500,000
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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
10.1%
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
This Report on Schedule 13G is filed by the Reporting Persons herein named
in respect of the shares of Common Stock, par value $.01 per share (the
"Shares"), of The Nasdaq Stock Market, Inc., a Delaware corporation (the
"Company") including Shares that would be issued to the Reporting Persons upon
conversion of the Company's 4% convertible subordinated debentures due 2006
(the "Subordinated Debentures"). Each $1000 principal amount of the
Subordinated Debentures is currently convertible into 50 Shares.
Item 1(a). Name of Issuer:
The Nasdaq Stock Market, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
One Liberty Plaza, New York, NY 10006
Item 2(a). Name of Person Filing:
This statement is filed jointly on behalf of Hellman & Friedman Capital
Partners IV, L.P., a California limited partnership, H & F Executive Fund IV,
L.P., a California limited partnership, H & F International Partners IV-A, L.P.,
a California limited partnership, H & F International Partners IV-B, L.P., a
California limited partnership (collectively, the "H&F Investors"), H&F
Investors IV, L.L.C., a California limited liability company ("H&F LLC"), and
F. Warren Hellman.
The H&F Investors are the direct beneficial owners of the Shares. The sole
general partner of each H&F Investor is H&F LLC. The investment decisions of
each of the H&F Investors are made by the investment committee of H&F LLC, which
indirectly exercises voting and investment power with respect to the Shares held
by the H&F Investors. F. Warren Hellman is a member of the nine member
investment committee. Mr. Hellman disclaims beneficial ownership of the Shares
held by the H&F Investors except to the extent of his indirect pecuniary
interest therein.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of each Reporting Person is
One Maritime Plaza, 12th Floor, San Francisco, California, 94111.
Item 2(c). Citizenship:
Each H&F Investor is a California limited partnership. H&F LLC is a
California limited liability company. F. Warren Hellman is a citizen of the
United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share. The Shares described as
beneficially owned by the Reporting Persons herein may be acquired by the
Reporting Persons upon conversion of the Subordinated Debentures held by such
persons, except for 500,000 Shares directly owned by the H&F Investors.
Item 2(e). CUSIP Number:
The CUSIP number for the Shares is 631103108.
Page 8 of 15
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).
Item 4. Ownership.
The aggregate number of Shares and percentage of the Shares beneficially
owned by each Reporting Person named in Item 2(a), as well as the number of
securities as to which such person is deemed to have sole power to vote or to
direct the vote, shared power to vote or to direct the vote, sole power to
dispose or to direct the disposition of, or shared power to dispose or direct
the disposition of, is set forth in the following table:
Page 9 of 15
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No. of No. of No. of
No. of Securities Securities Securities Securities No. of Securities
Beneficially Percent Sole Power Shared Power Sole Power Shared Power
Reporting Person Owned(1) of Class to Vote to Vote(2) to Dispose of to Dispose of(3)
---------------- ----------------- -------- ---------- ------------ ---------------- -----------------
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Hellman & Friedman 10,076,217.45 8.2% 0 10,076,217.45 0 10,076,217.45
Capital Partners
IV, L.P.
H&F Executive Fund 224,108.90 0.2% 0 224,908.90 0 224,908.90
IV, L.P.
H&F International 1,654,059.45 1.3% 0 1,654,059.45 0 1,654,059.45
Partners IV-A,
L.P.
H&F International 545,614.20 0.4% 0 545,614.20 0 545,614.20
Partners IV-B, L.P.
H&F Investors IV, 12,500,000 10.1% 0 12,500,000 0 12,500,000
LLC
F. Warren Hellman 12,500,000(4) 10.1% 0 12,500,000 0 12,500,000
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1 The Shares described as beneficially owned by the Reporting Persons
herein, except for the 500,000 Shares directly owned by the H&F Investors,
may be acquired by the Reporting Persons upon conversion of the Subordinated
Debentures held by such persons.
2 The holders of Shares are entitled to one vote per Share on all matters
to be voted upon by the stockholders except that any person, other than the
National Association of Securities Dealers or any other person as may be
approved for such exemption by the Company's board of directors prior to the
time such person owns more than 5% of the then outstanding Shares, who
otherwise would be entitled to exercise voting rights in respect of more than
5% of the then outstanding Shares will be unable to exercise voting rights in
respect of any Shares in excess of 5% of the then outstanding Shares. The
Company has agreed to use its best efforts to seek stockholder approval of a
charter amendment that would provide for voting debt in order to permit the H&F
Investors to vote on an as-converted basis on all matters on which common
stockholders have the right to vote, subject to the 5% voting limitation in the
certificate of incorporation. In addition, the Company has also agreed that in
the event that the Company's board of directors approves an exemption from the
foregoing 5% limitation for any person pursuant to the certificate of
incorporation (other than an exemption granted in connection with a strategic
market alliance) and seeks the concurrence of the SEC with respect thereto, the
Company will grant the H&F Investors a comparable exemption from such
limitation and use its best efforts to obtain SEC concurrence of such
exemption.
3 The Subordinated Debentures and the 500,000 Shares owned directly by the
H&F Investors are subject to certain transfer restrictions which limit the
ability of the H&F Investors to dispose of the Subordinated Debentures and
the Shares in certain circumstances.
4 As F. Warren Hellman is a member of the nine-member investment
committee that makes the investment decisions of H&F LLC, and that indirectly
exercises voting and investment power with respect to the Shares beneficially
owned by the H&F Investors, Mr. Hellman could be deemed to beneficially own
such Shares, but Mr. Hellman disclaims such beneficial ownership except to the
extent of his indirect pecuniary interest in such Shares.
Page 10 of 15
Item 5. Ownership of Five Percent 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
five percent of the class of securities, check the following. |_|
Item 6. Ownership of More than Five Percent 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.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
Not applicable.
Page 11 of 15
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, each of the undersigned certifies that the information
set forth in this statement is true, complete and correct.
Date: February 13, 2002
HELLMAN & FRIEDMAN CAPITAL
PARTNERSHIP IV, L.P.
By: H&F Investors IV, LLC,
as General Partner
By: /s/ Patrick J. Healy
-------------------------------------
Name: Patrick J. Healy
Title: Vice President
H&F EXECUTIVE FUND IV, L.P.
By: H&F Investors IV, LLC,
as General Partner
By: /s/ Patrick J. Healy
-------------------------------------
Name: Patrick J. Healy
Title: Vice President
H&F INTERNATIONAL PARTNERS IV-A, L.P.
By: H&F Investors IV, LLC,
as General Partner
By: /s/ Patrick J. Healy
-------------------------------------
Name: Patrick J. Healy
Title: Vice President
H&F INTERNATIONAL PARTNERS IV-B, L.P.
By: H&F Investors IV, LLC,
as General Partner
By: /s/ Patrick J. Healy
-------------------------------------
Name: Patrick J. Healy
Title: Vice President
H&F INVESTORS IV, LLC
By: /s/ Patrick J. Healy
-------------------------------------
Name: Patrick J. Healy
Title: Vice President
/s/ F. Warren Hellman
-------------------------------------
Name: F. Warren Hellman
Page 12 of 15
Index to Exhibits
Exhibit 1. Joint Filing Agreement, dated as of February 13, 2002, by and among
Hellman & Friedman Capital Partnership IV, L.P., H&F Executive Fund IV, L.P.,
H&F International Partners IV-A, L.P., H&F International Partners IV-B, L.P.,
H&F Investors IV, LLC and F. Warren Hellman.
Page 13 of 15
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree to the joint filing on behalf of each of
them of a statement on Schedule 13G (including amendments thereto) with respect
to the Common Stock, par value $0.01 per share, of The Nasdaq Stock Market,
Inc., and that this Joint Filing Agreement be included as an Exhibit to such
joint filing.
This Joint Filing Agreement may be executed in one or more counterparts, and
each such counterpart shall be an original but all of which, taken together,
shall constitute but one and the same agreement.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of this
13th day of February, 2002.
HELLMAN & FRIEDMAN CAPITAL PARTNERSHIP IV, L.P.
By: H&F Investors IV, LLC, as General Partner
By: /s/ Patrick J. Healy
---------------------------------------------
Name: Patrick J. Healy
Title: Vice President
H&F EXECUTIVE FUND IV, L.P.
By: H&F Investors IV, LLC, as General Partner
By: /s/ Patrick J. Healy
---------------------------------------------
Name: Patrick J. Healy
Title: Vice President
H&F INTERNATIONAL PARTNERS IV-A, L.P.
By: H&F Investors IV, LLC, as General Partner
By: /s/ Patrick J. Healy
---------------------------------------------
Name: Patrick J. Healy
Title: Vice President
Page 14 of 15
H&F INTERNATIONAL PARTNERS IV-B, L.P.
By: H&F Investors IV, LLC, as General Partner
By: /s/ Patrick J. Healy
---------------------------------------------
Name: Patrick J. Healy
Title: Vice President
H&F INVESTORS IV, LLC
By: /s/ Patrick J. Healy
---------------------------------------------
Name: Patrick J. Healy
Title: Vice President
/s/ F. Warren Hellman
---------------------------------------------
Name: F. Warren Hellman
Page 15 of 15