UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 13)*
United Auto Group, Inc.
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(Name of Issuer)
Common Stock (Par Value $ 0.0001 Per Share)
Common Stock (Par Value $ 0.0001 Per Share) Issuable Upon Conversion
of Series B Preferred Stock and Non Voting Common Stock
(Par Value $0.0001 Per Share)
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(Title of Class of Securities)
909440 10 9
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(CUSIP Number)
Valerie Ford Jacob, Esq.
Fried, Frank, Harris, Shriver & Jacobson
One New York Plaza
New York, NY 10004
212-859-8000
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(Name, Address and Telephone Number of Persons Authorized
to Receive Notices and Communications)
May 2, 2002
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(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 |_|.
*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 disclosures provided in a prior cover page.
The information required on 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).
SCHEDULE 13D
CUSIP No. 909440 10 9
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
INTERNATIONAL MOTOR CARS GROUP I, L.L.C.
---------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
---------- ------------------------------------------------------------------
3 SEC USE ONLY
---------- ------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
---------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
NOT APPLICABLE
---------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------- -------- ------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 9,485,740
SHARES
-------- ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
-------- ------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
9,485,740
REPORTING
-------- ------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
---------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,106,135
---------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
---------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.0%
---------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
---------- ------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 909440 10 9
---------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
INTERNATIONAL MOTOR CARS GROUP II, L.L.C.
---------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
---------- ------------------------------------------------------------------
3 SEC USE ONLY
---------- ------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
---------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
NOT APPLICABLE
---------- -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------- -------- -------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 3,231,857
SHARES
-------- -------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
-------- -------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
3,231,857
REPORTING
-------- -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
---------- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,106,135
---------- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
---------- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.0%
---------- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
---------- -------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 909440 10 9
---------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PENSKE CAPITAL PARTNERS, L.L.C.
---------- -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
---------- -------------------------------------------------------------------
3 SEC USE ONLY
---------- -------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
---------- -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
NOT APPLICABLE
---------- -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------- -------- -------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 12,717,597
SHARES
-------- -------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
-------- -------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
363,400
REPORTING
-------- -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 12,354,197
---------- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,106,135
---------- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
---------- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.0%
---------- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
---------- -------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 909440 10 9
---------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JAMES A. HISLOP
---------- -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
---------- -------------------------------------------------------------------
3 SEC USE ONLY
---------- -------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
---------- -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
NOT APPLICABLE
---------- -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
------------------------- -------- -------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 50,000
SHARES
-------- -------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 12,717,597
-------- -------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
50,000
REPORTING
-------- -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 12,717,597
---------- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,106,135
---------- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
---------- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.0%
---------- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
---------- -------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 909440 10 9
---------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROGER S. PENSKE
---------- -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
---------- -------------------------------------------------------------------
3 SEC USE ONLY
---------- -------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
---------- -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
NOT APPLICABLE
---------- -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
------------------------- -------- -------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 441,667
SHARES
-------- -------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 22,614,468
-------- -------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
441,667
REPORTING
-------- -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 22,614,468
---------- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,106,135
---------- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
---------- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.0%
---------- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
---------- -------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 909440 10 9
---------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PENSKE CORPORATION
---------- -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
---------- -------------------------------------------------------------------
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) |_|
NOT APPLICABLE
---------- -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------------------- -------- -------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 9,896,871
SHARES
-------- -------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
-------- -------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
9,896,871
REPORTING
-------- -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 5,863,678
---------- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,106,135
---------- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
---------- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.0%
---------- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
---------- -------------------------------------------------------------------
This Amendment No. 13 ("Amendment") amends and supplements the
Schedule 13D filed on behalf of International Motor Cars Group I, L.L.C., a
Delaware limited liability company ("IMCG I"), International Motor Cars
Group II, L.L.C., a Delaware limited liability company ("IMCG II" and
together with IMCG I, the "Purchasers"), Penske Capital Partners, L.L.C., a
Delaware limited liability company ("PCP"), Penske Corporation, a Delaware
corporation ("Penske Corporation"), Roger S. Penske and James A. Hislop
(all such persons, the "Reporting Persons") with the Securities and
Exchange Commission on April 22, 1999, as amended by Amendment No. 1 filed
on May 3, 1999, Amendment No. 2 filed on August 5, 1999, Amendment No. 3
filed on February 9, 2000, Amendment No. 4 filed on September 12, 2000,
Amendment No. 5 filed on October 26, 2000, Amendment No. 6 filed on
December 18, 2000, Amendment No. 7 filed on December 26, 2000, Amendment
No. 8 filed on February 14, 2001, Amendment No. 9 filed on March 6, 2001,
Amendment No. 10 filed on August 7, 2001, Amendment No. 11 filed on March
1, 2002, and Amendment No. 12 filed on March 27, 2002 (the "Schedule 13D"),
relating to the Voting Common Stock, par value $0.0001 per share (the
"Voting Common Stock"), of United Auto Group, Inc., a Delaware corporation
(the "Company"). Capitalized terms used but not otherwise defined herein
shall have the meanings ascribed to such terms in the Schedule 13D. The
Schedule 13D is hereby amended and supplemented as follows:
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
The Reporting Persons were advised by the Company that as of May
13, 2002 there were 39,831,582 shares of Voting Common Stock outstanding
(not including any securities convertible into Voting Common Stock).
(a) On May 2, 2002, in accordance with the Certificate of
Designation of the Series A Preferred Stock, (x) IMCG I converted 5,450.106
shares of Series A Preferred Stock owned of record by it and acquired
direct ownership of the 5,570,160 shares of Voting Common Stock (which
includes 120,054 shares of Voting Common Stock received in lieu of cash
dividends accrued on the outstanding shares of Series A Preferred Stock
since December 31, 2001) and (y) IMCG II converted 1,431.340 shares of
Series A Preferred Stock owned of record by it and acquired direct
ownership of 1,462,869 shares of Voting Common Stock (which includes 31,529
shares of Voting Common Stock received in lieu of cash dividends
accrued on the outstanding shares of Series A Preferred Stock since
December 31, 2001).
As of May 2, 2002, as a result of the transactions previously
reported on this Schedule 13D and the accrual of 14,287 shares of
Non-Voting Common Stock to be received in lieu of cash dividends accrued on
the outstanding shares of Series B Preferred Stock since December 31, 2001,
if, and only if, the Series B Preferred Stock is converted prior to the
payment of the accrued cash dividends, the Reporting Persons may be deemed
to be the beneficial owners of an aggregate of 23,106,135 shares of Voting
Common Stock, which constitutes approximately 55.0% of the 42,022,237
shares of Voting Common Stock deemed to be outstanding for this purpose.
The 42,022,237 shares deemed to be outstanding was determined by adding the
39,831,582 shares of Voting Common Stock outstanding as of May 13, 2002 to
the 2,190,655 shares of Voting Common Stock into which the securities
reported as beneficially owned by the Reporting Persons are convertible.
As of May 2, 2002, taking into account only those securities held
by the Reporting Persons that are currently outstanding and have voting
rights, the Reporting Persons held approximately 52.5% of the voting power
with respect to matters coming before the holders of the Voting Common
Stock.
(b) As of May 2, 2002, assuming the conversion into Voting Common
Stock of the Series B Preferred Stock and the shares of Non-Voting Common
Stock, IMCG I has the sole power to direct the vote of 9,485,740 shares of
Voting Common Stock, and IMCG II has the sole power to direct the vote of
3,231,857 shares of Voting Common Stock, in each case subject to certain
restrictions contained in the Restated Stockholders Agreement. PCP has the
sole power to direct the vote of 12,717,597 shares of Voting Common Stock.
Penske Corporation has the sole power to direct the vote of 9,896,871
shares of Voting Common Stock. Roger S. Penske has the sole power to direct
the vote of 20,000 shares of Voting Common Stock, and, upon (x) the
exercise of the Second Closing Options, (y) the exercise of a portion of an
option (such portion covering 16,667 shares of Voting Common Stock)
previously granted to Roger S. Penske, which portion vested in part on
January 14, 2001 and in part on January 14, 2002, and (z) the exercise of a
portion of an option (such portion covering 5,000 shares of Voting Common
Stock) previously granted to Roger S. Penske, which portion vested on
February 28, 2002, Roger S. Penske will have the sole power to direct the
vote of an aggregate of 441,667 shares of Voting Common Stock and shared
power to direct the vote of 22,614,468 shares of Voting Common Stock. James
A. Hislop has the sole power to direct the vote of 50,000 shares of Voting
Common Stock and shared power to direct the vote of 12,717,597 shares of
Voting Common Stock.
As of May 2, 2002, subject to certain restrictions contained in
the IMCG I Letter Agreement and the IMCG II Letter Agreement, as
applicable:
o IMCG I has the sole power to direct the disposition of
9,485,740 shares of Voting Common Stock,
o IMCG II has the sole power to direct the disposition of
3,231,857 shares of Voting Common Stock,
o Penske Corporation has the sole power to direct the
disposition of 9,896,871 shares of Voting Common Stock and
the shared power to direct the disposition of 5,863,678
shares of Voting Common Stock,
o PCP has the sole power to direct the disposition of 363,400
shares of Voting Common Stock and the shared power to direct
the disposition of 12,354,197 shares of Voting Common Stock,
o Roger S. Penske has the sole power to direct the disposition
of 20,000 shares of Voting Common Stock, and, upon (x) the
exercise of the Second Closing Options, (y) the exercise of
portions of an option (such portion covering 16,667 shares
of Voting Common Stock) previously granted to Roger S.
Penske, which portion vested in part on January 14, 2001 and
January 14, 2000, respectively and (z) the exercise of a
portion of an option (such portion covering 5,000 shares of
Voting Common Stock) previously granted to Roger S. Penske,
which portion vested on February 28, 2002, Roger S. Penske
will have the sole power to direct the disposition of an
aggregate of 441,667 shares of Voting Common Stock and the
shared power to direct the disposition of 22,614,468 shares
of Voting Common Stock, and
o James A. Hislop has the sole power to direct the disposition
of 50,000 shares of Voting Common Stock and the shared power
to direct the disposition of 12,717,597 shares of Voting
Common Stock.
Except as described herein, none of the Reporting Persons have
effected any transactions in the Voting Common Stock since March 27, 2002,
the date of filing of the twelfth amendment to this Schedule 13D.
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.
May 13, 2002
INTERNATIONAL MOTOR CARS GROUP I, L.L.C.
By: PENSKE CAPITAL PARTNERS, L.L.C.
Its Managing Member
By: /s/ James A. Hislop
------------------------
James A. Hislop
President
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.
May 13, 2002
INTERNATIONAL MOTOR CARS GROUP II, L.L.C.
By: PENSKE CAPITAL PARTNERS, L.L.C.
Its Managing Member
By: /s/ James A. Hislop
------------------------
James A. Hislop
President
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.
May 13, 2002
PENSKE CAPITAL PARTNERS, L.L.C.
By: /s/ James A. Hislop
------------------------
James A. Hislop
President
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.
May 13, 2002
/s/ James A. Hislop
-----------------------------------
James A. Hislop
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.
May 13, 2002
/s/ Roger S. Penske
-----------------------------------
Roger S. Penske
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.
May 13, 2002
PENSKE CORPORATION
By:/s/ Robert Kurnick
----------------------------------
Name: Robert Kurnick
Title: Executive Vice President