SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 5)*
EastGroup Properties, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
004239 10 9
(CUSIP Number)
Mr. James E. Quigley 3rd
Rothschild Realty Inc
1251 Avenue of the Americas
New York, N.Y. 10020
Telephone (212) 403-3500
(Name, address and telephone number of person
authorized to receive notices and communications)
September 3, 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 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 12 Pages)
--------------
*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 purposes 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).
CUSIP No. 277276101 Schedule 13D Page 2 of 12 Pages
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(1) NAME OF REPORTING PERSON: Five Arrows Realty Securities II L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) /x/
(b) / /
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS**: WC
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / /
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF (7) SOLE VOTING POWER: -0-
SHARES _______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER: 1,118,000 (fn1)
OWNED BY _______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER: -0-
REPORTING _______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER: 1,118,000 (fn1)
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON: 1,118,000 (fn1)
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** / /
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 5.787% (fn1)
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **: OO
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Fn1 Upon conversion of 850,000 shares of Series B Cumulative Convertible
Preferred Stock held by the reporting person, which are convertible into Common
Stock on a 1 for 1.1364 basis, subject to adjustment.
CUSIP No. 277276101 Schedule 13D Page 3 of 12 Pages
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(1) NAME OF REPORTING PERSON: Rothschild Realty Investors IIA L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) /x/
(b) / /
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS**: WC
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / /
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF (7) SOLE VOTING POWER: -0-
SHARES _______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER: 1,118,000 (fn1)
OWNED BY _______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER: -0-
REPORTING _______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER: 1,118,000 (fn1)
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON: 1,118,000 (fn1)
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** / /
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 5.787% (fn1)
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **: OO
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Fn1 Upon conversion of 850,000 shares of Series B Cumulative Convertible
Preferred Stock held by the reporting person, which are convertible into Common
Stock on a 1 for 1.1364 basis, subject to adjustment.
CUSIP No. 277276101 Schedule 13D Page 4 of 12 Pages
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(1) NAME OF REPORTING PERSON: Matthew W. Kaplan
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) /x/
(b) / /
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS**: WC
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / /
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER: -0-
SHARES _______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER: 1,118,000 (fn1)
OWNED BY _______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER: -0-
REPORTING _______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER: 1,118,000 (fn1)
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON: 1,118,000 (fn1)
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** / /
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 5.787% (fn1)
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **: IN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Fn1 Upon conversion of 850,000 shares of Series B Cumulative Convertible
Preferred Stock held by the reporting person, which are convertible into Common
Stock on a 1 for 1.1364 basis, subject to adjustment.
CUSIP No. 277276101 Schedule 13D Page 5 of 12 Pages
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(1) NAME OF REPORTING PERSON: D. Pike Aloian
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) /x/
(b) / /
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS**: WC
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / /
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER: -0-
SHARES _______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER: 1,118,000 (fn1)
OWNED BY _______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER: -0-
REPORTING _______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER: 1,118,000 (fn1)
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON: 1,118,000 (fn1)
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** / /
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 5.787% (fn1)
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **: IN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Fn1 Upon conversion of 850,000 shares of Series B Cumulative Convertible
Preferred Stock held by the reporting person, which are convertible into Common
Stock on a 1 for 1.1364 basis, subject to adjustment.
CUSIP No. 277276101 Schedule 13D Page 6 of 12 Pages
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(1) NAME OF REPORTING PERSON: James E. Quigley 3rd
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) /x/
(b) / /
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS**: WC
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / /
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER: -0-
SHARES _______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER: 1,119,900 (fn2)
OWNED BY _______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER: -0-
REPORTING _______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER: 1,119,900 (fn2)
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON: 1,119,900 (fn2)
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** / /
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 5.797% (fn2)
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **: IN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Fn2 Upon conversion of 850,000 shares of Series B Cumulative Convertible
Preferred Stock held by the reporting person, which are convertible into Common
Stock on a 1 for 1.1364 basis, plus 1,900 shares of Common Stock owned by the
Helen R. Quigley Family Insurance Trust of which Mr. Quigley is a trustee.
CUSIP No. 277276101 Schedule 13D Page 7 of 12 Pages
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(1) NAME OF REPORTING PERSON: Paul H. Jenssen
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) /x/
(b) / /
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS**: WC
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / /
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER: -0-
SHARES _______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER: 1,118,000 (fn1)
OWNED BY _______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER: -0-
REPORTING _______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER: 1,118,000 (fn1)
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON: 1,118,000 (fn1)
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** / /
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 5.787% (fn1)
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **: IN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Fn1 Upon conversion of 850,000 shares of Series B Cumulative Convertible
Preferred Stock held by the reporting person, which are convertible into Common
Stock on a 1 for 1.1364 basis, subject to adjustment.
CUSIP No. 277276101 Schedule 13D Page 8 of 12 Pages
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(1) NAME OF REPORTING PERSON: John D. McGurk
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) /x/
(b) / /
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS**: WC
------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / /
------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER: -0-
SHARES _______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER: 1,118,000 (fn1)
OWNED BY _______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER: -0-
REPORTING _______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER: 1,118,000 (fn1)
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON: 1,118,000 (fn1)
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** / /
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11): 5.787% (fn1)
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **: IN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Fn1 Upon conversion of 850,000 shares of Series B Cumulative Convertible
Preferred Stock held by the reporting person, which are convertible into Common
Stock on a 1 for 1.1364 basis, subject to adjustment.
CUSIP No. 277276101 Schedule 13D Page 9 of 12 Pages
This Amendment No. 5 (this "Amendment") amends the statement on
Schedule 13D ("Schedule 13D") filed by Five Arrows Realty Securities II L.L.C.,
a Delaware limited liability company ("Five Arrows"), and Rothschild Realty
Investors IIA L.L.C., a Delaware limited liability company and the sole Managing
Member of Five Arrows ("Rothschild"), on December 27, 1999 and as amended by
Amendment No. 1 on May 29, 2003, Amendment No. 2 on June 10, 2003, Amendment No.
3 on July 28, 2003 and Amendment 4 on August 22, 2003 with respect to the common
stock of beneficial interest, par value $.0001 per share (the "Common Stock") of
EastGroup Properties, Inc., a Maryland real estate investment trust (the
"Company") whose executive offices are located at 300 One Jackson Place, 188
East Capitol Street, Jackson, Mississippi 39201. Except as specifically provided
herein, this Amendment does not modify any of the information previously
reported on Schedule 13D.
Item 5. Interest in Securities of the Issuer
Item 5 is amended and restated in its entirety as set forth below.
(a) As of the close of business on September 5, 2003, Five Arrows
owned, within the meaning of Rule 13d-3 under the Exchange Act, 850,000 shares
of Preferred Stock, each of which is convertible at any time on a 1 for 1.1364
basis into Common Stock of the Company, subject to adjustment and 152,060 shares
of Common Stock of the Company. Upon the full conversion of the 850,000 shares
of Preferred Stock, at the current conversion ratio, Five Arrows would own
1,118,000 shares of Common Stock, or 5.787% of the issued and outstanding shares
of Common Stock, based on 18,353,513 shares of Common Stock outstanding as of
August 11, 2003, as reported in the Company's 10Q for the quarter ending June
30, 2003. Rothschild, as sole managing member of Five Arrows, may be deemed the
beneficial owner of the 850,000 shares of Preferred Stock and the 152,060
shares of Common Stock.
(b) Five Arrows has the power to vote and dispose of the shares of
Common Stock owned by it reported herein, which power may be exercised by
Rothschild.
(c) On August 22, 2003, Five Arrows, in open market sales, sold 900
shares of Common Stock (representing <.1% of the shares of Common Stock
outstanding) at an average per share price of $27.2200 for a total of
$24,498.00.
On August 25, 2003, Five Arrows, in open market sales, sold 19,800
shares of Common Stock (representing >.1% of the shares of Common Stock
outstanding) at an average per share price of $27.2067 for a total of
$538,692.66.
On August 26, 2003, Five Arrows, in open market sales, sold 6,300
shares of Common Stock (representing <.1% of the shares of Common Stock
outstanding) at an average per share price of $27.1700 for a total of
$171,171.00.
On August 27, 2003, Five Arrows, in open market sales, sold 25,600
shares of Common Stock (representing >.1% of the shares of Common Stock
outstanding) at an average per share price of $27.2032 for a total of
$696,401.92.
On August 28, 2003, Five Arrows, in open market sales, sold 20,500
shares of Common Stock (representing >.1% of the shares of Common Stock
outstanding) at an average per share price of $27.2214 for a total of
$558,038.70.
On August 29, 2003, Five Arrows, in open market sales, sold 5,500
shares of Common Stock (representing <.1% of the shares of Common Stock
outstanding) at an average per share price of $27.2102 for a total of
$149,656.10.
On September 2, 2003, Five Arrows, in open market sales, sold 28,700
shares of Common Stock (representing >.1% of the shares of Common Stock
outstanding) at an average per share price of $27.8410 for a total of
$799,036.70.
CUSIP No. 277276101 Schedule 13D Page 10 of 12 Pages
On September 3, 2003, Five Arrows, in open market sales, sold 143,400
shares of Common Stock (representing >.7% of the shares of Common Stock
outstanding) at an average per share price of $27.8802 for a total of
$3,998,020.68.
On September 4, 2003, Five Arrows, in open market sales, sold 30,400
shares of Common Stock (representing >.1% of the shares of Common Stock
outstanding) at an average per share price of $27.9099 for a total of
$848,460.96.
On September 5, 2003, Five Arrows, in open market sales, sold 100,000
shares of Common Stock (representing >.5% of the shares of Common Stock
outstanding) at an average per share price of $27.9000 for a total of
$2,790,000.
ITEM 7. Material To Be Filed As Exhibits
Exhibit Number Description
99.1 Joint Acquisition Statement, as required
by Rule 13d 1(k)(1) of the Securities
Act of 1934.
CUSIP No. 277276101 Schedule 13D Page 11 of 12 Pages
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: September 5, 2003
FIVE ARROWS REALTY SECURITIES II L.L.C.
By: /s/ James E. Quigley 3rd
------------------------------------
James E. Quigley 3rd
Manager
ROTHSCHILD REALTY INVESTORS IIA L.L.C.
By: /s/ John D. McGurk
-----------------------------------
John D. McGurk
Manager
MATTHEW W. KAPLAN
/s/ Matthew W. Kaplan
----------------------------------------
D. PIKE ALOIAN
/s/ D. Pike Aloian
----------------------------------------
JAMES E. QUIGLEY 3RD
/s/ James E. Quigley 3rd
----------------------------------------
PAUL H. JENSSEN
/s/ Paul H. Jenssen
----------------------------------------
JOHN D. MCGURK
/s/ John D. McGurk
----------------------------------------
CUSIP No. 277276101 Schedule 13D Page 12 of 12 Pages
EXHIBIT 99.1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13D-1(k)1
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D, as amended, is filed on behalf of each of the undersigned and that
all subsequent amendments to this statement on Schedule 13D, as amended, shall
be filed on behalf of each of the undersigned without the necessity of filing
additional joint acquisition statements. The undersigned acknowledge that each
shall be responsible for the timely filing of such amendments, and for the
completeness and accuracy of the information concerning him or it contained
therein, but shall not be responsible for the completeness and accuracy of the
information concerning the other, except to the extent that he or it knows or
has reason to believe that such information is inaccurate.
Dated: September 5, 2003
FIVE ARROWS REALTY SECURITIES II L.L.C.
By: /s/ James E. Quigley 3rd
------------------------------------
James E. Quigley 3rd
Manager
ROTHSCHILD REALTY INVESTORS IIA L.L.C.
By: /s/ John D. McGurk
-----------------------------------
John D. McGurk
Manager
MATTHEW W. KAPLAN
/s/ Matthew W. Kaplan
----------------------------------------
D. PIKE ALOIAN
/s/ D. Pike Aloian
----------------------------------------
JAMES E. QUIGLEY 3RD
/s/ James E. Quigley 3rd
----------------------------------------
PAUL H. JENSSEN
/s/ Paul H. Jenssen
----------------------------------------
JOHN D. MCGURK
/s/ John D. McGurk
----------------------------------------