SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Host Marriott Corporation
(Name of Issuer)
Common Stock, Par Value $0.01
(Title of Class of Securities)
44107P104
(CUSIP Number)
Cornelius J. Dwyer, Jr., Esq.
Shearman & Sterling
599 Lexington Avenue
New York, New York 10022
Telephone: (212) 848-4000
(Name, Address and Telephone Number
of Person Authorized to Receive Notices)
May 14, 2002
(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 ss. 240.13d-1(e), ss. 240.13d-1(f) or ss. 240.13d-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 ss. 240.13d-7(b) for other
parties to whom copies are to be sent.
*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).
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SCHEDULE 13D
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Stichting Pensioenfonds ABP
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) OO
- --------------------------------------------------------------------------------
5 Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e). |_|
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6 Citizenship or Place of Organization The Kingdom of the Netherlands
- --------------------------------------------------------------------------------
7 Sole Voting Power
13,411,500 shares of Common Stock
NUMBER OF ----------------------------------------------------
SHARES 8 Shared Voting Power
BENEFICIALLY 0
OWNED BY ----------------------------------------------------
EACH 9 Sole Dispositive Power
REPORTING 13,411,500 shares of Common Stock
PERSON ----------------------------------------------------
WITH 10 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
13,411,500
- --------------------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 5.07%
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions) EP
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Item 1. Security and Issuer
The class of equity securities to which this statement relates is
the common stock, par value $0.01 (the "Common Stock") of Host Marriott
Corporation, a Maryland corporation (the "Issuer"). The principal executive
offices of the Issuer are located at 10400 Fernwood Road, Bethesda, MD 20817.
Item 2. Identity and Background
The name of the person filing this statement is Stichting
Pensioenfonds ABP, an entity established under the laws of The Kingdom of the
Netherlands (the "Fund"), whose principal business is investing funds held on
behalf of public sector employees of The Kingdom of the Netherlands. The address
of the Fund's principal executive office is Oude Lindestraat 70, Postbus 2889,
6401 DL Heerlen, The Netherlands. The name, citizenship, business address and
present principal occupation or employment, as well as the name and address of
any corporation or other organization in which such occupation or employment is
conducted, of each of the directors and executive officers of the Fund are as
follows:
PRINCIPAL BUSINESS
NAME OCCUPATION CITIZENSHIP ADDRESS
---- ---------- ----------- -------
L.C. Brinkman Independent Chairman of The Netherlands Oude Lindestraat
the Governing Board 70 6411 EJ
Heerlen
The Netherlands
J.R. Riezencamp First Vice Chairman of the The Netherlands Oude Lindestraat
Governing Board 70 6411 EJ
Heerlen
The Netherlands
H.J. Alberson Secretary of the Governing The Netherlands Oude Lindestraat
Board 70 6411 EJ
Heerlen
The Netherlands
J.W.E. Neervens Chairman of the Board of The Netherlands Oude Lindestraat
Directors 70 6411 EJ
Heerlen
The Netherlands
J.M.G. Frijns Member of the Board of The Netherlands Oude Lindestraat
Directors 70 6411 EJ
Heerlen
The Netherlands
J.F. Maassen Member of the Board of The Netherlands Oude Lindestraat
Directors 70 6411 EJ
Heerlen
The Netherlands
J.H.R. van de Poel Member of the Board of The Netherlands Oude Lindestraat
Directors 70 6411 EJ
Heerlen
The Netherlands
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PRINCIPAL BUSINESS
NAME OCCUPATION CITIZENSHIP ADDRESS
---- ---------- ----------- -------
J.M.G. Frijns Chief Investment Officer/ The Netherlands Oude Lindestraat
Managing Director 70 6411 EJ
Heerlen
The Netherlands
A.H. Berendsen Managing Director The Netherlands Oude Lindestraat
70 6411 EJ
Heerlen
The Netherlands
J. Mensonides Managing Director The Netherlands Oude Lindestraat
70 6411 EJ
Heerlen
The Netherlands
J. Straatman Managing Director The Netherlands Oude Lindestraat
70 6411 EJ
Heerlen
The Netherlands
To the knowledge of the Fund, during the last five years, neither
the Fund nor any of its executive officers or directors has been (i) convicted
in any criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
is or was subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The funds for the purchases of Common Stock made by the Fund on
the open market were supplied from Dutch public sector pensioners' contributions
to the Fund.
Item 4. Purpose of Transaction
The Fund from time to time intends to review its investment in
the Issuer on the basis of various factors, including the Issuer's business,
financial condition, results of operations and prospects, general economic and
industry conditions, the securities markets in general and those for the
Issuer's securities in particular, as well as other developments and other
investment opportunities. Based on such review, the Fund will take such actions
in the future as the Fund may deem appropriate in light of the circumstances
existing from time to time. If the Fund believes that further investment in the
Issuer is attractive, whether because of the market price of the Issuer's
securities or otherwise, it may acquire additional securities of the Issuer
either in the open market or in privately negotiated transactions. Similarly,
depending on market and other factors, the Fund may determine to dispose of some
or all of the Common Stock currently owned by the Fund or otherwise acquired by
the Fund either in the open market or in privately negotiated transactions.
Except as set forth above, the Fund has not currently formulated
any definitive plans or proposals which relate to or would result in: (a) the
acquisition by any person of
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additional securities of the Issuer or the disposition of securities of the
Issuer, (b) an extraordinary corporate transaction involving the Issuer or any
of its subsidiaries, (c) a sale or transfer of a material amount of the assets
of the Issuer or any of its subsidiaries, (d) any change in the present board of
directors or management of the Issuer, (e) any material change in the Issuer's
capitalization or dividend policy, (f) any other material change in the Issuer's
business or corporate structure, (g) any change in the Issuer's charter or
bylaws or other or instrument corresponding thereto or other action which may
impede the acquisition of control of the Issuer by any person, (h) causing a
class of the Issuer's securities to be deregistered or delisted, (i) a class of
equity securities of the Issuer becoming eligible for termination of
registration or (j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a) The Fund is the sole beneficial owner of 13,411,500 shares of
Common Stock representing 5.07% of the outstanding shares of the Issuer's Common
Stock. The calculation of the foregoing percentage is based on the number of
shares of Common Stock disclosed as outstanding by the Issuer as of May 1, 2002
in its Quarterly Report on Form 10-Q for the quarterly period ended March 22,
2002.
(b) The Fund has the sole power to vote or to direct the vote or
dispose or direct the disposition of 13,411,500 shares of Common Stock. To the
knowledge of the Fund, there are no shares of Common Stock which are
beneficially owned by any director or executive officer listed under Item 2.
(c) On March 14, 2002 the Fund purchased 10,000 shares of Common
Stock at a price of $11.62. On March 15, 200 the Fund purchased 225,000 shares
of Common Stock at a price of $11.88. On March 19, 2002 the Fund purchased
500,000 shares of Common Stock at a price of $11.90. On March 22, 2002 the
Fund purchased 90,400 shares of Common Stock at a price of $11.95. On March
25, 2002 the Fund purchased 120,900 shares of Common Stock at a price of
$11.87. On March 27, 2002 the Fund purchased 281,400 shares of Common Stock at
price of $11.95. On March 28, 2002 the Fund purchased 140,800 shares of Common
Stock at a price of $11.93. On April 1, 2002 the Fund purchased 500,000 shares
of Common Stock at a price of $11.81. On April 2, 2002 the Fund purchased
247,900 shares of Common Stock at a price of $11.90. On April 3, 2002 the Fund
purchased 450,000 shares of Common Stock at a price of $11.78. On April 5, 2002
the Fund purchased 505,200 shares of Common Stock at a price of $11.71. On
April 8, 2002 the Fund purchased 524,700 shares of Common Stock at a price of
$11.70. On April 9, 2002 the Fund purchased 500,000 shares of Common Stock at
a price of $11.85. On April 10, 2002 the Fund purchased 750,000 shares of
Common Stock at a price of $11.95. On April 11, 2002 the Fund purchased
300,000 shares of Common Stock at a price of $11.97. On April 11, 2002 the
Fund purchased 350,000 shares of Common Stock at a price of $11.97. On April
12, 2002 the Fund purchased 650,000 shares of Common Stock at a price of
$11.95. On April 16, 2002 the Fund purchased 250,000 shares of Common Stock at
a price of $11.83. On April 22, 2002 the Fund purchased 200,000 shares of
Common Stock at a price of $11.62. On April 23, 2002 the Fund purchased 35,000
shares of Common Stock at a price of $11.60. On April 23, 2002 the Fund
purchased 500,000 shares of Common Stock at a price of $11.75. On April 24,
2002 the Fund purchased 215,000 shares of Common Stock at a price of $11.82.
On April 25, 2002 the Fund purchased 382,200 shares of Common Stock at a price
of $11.89. On April 26, 2002 the Fund purchased 14,500 shares of Common Stock
at a price of $11.90. On April 29, 2002 the Fund purchased 103,300 shares of
Common Stock at a
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price of $11.88. On April 29, 2002 the Fund purchased 450,000 shares of Common
Stock at a price of $11.80. On April 30, 2002 the Fund purchased 50,000 shares
of Common Stock at a price of $11.89. On May 1, 2002 the Fund purchased
190,000 shares of Common Stock at a price of $12.00. On May 1, 2002 the Fund
purchased 600,000 shares of Common Stock at a price of $12.00. On May 2, 2002
the Fund purchased 11,000 shares of Common Stock at a price of $11.79. On May
7, 2002 the Fund purchased 314,500 shares of Common Stock at a price of $11.69.
On May 8, 2002 the Fund purchased 539,000 shares of Common Stock at a price of
$11.67. On May 9, 2002 the Fund purchased 35,500 shares of Common Stock at a
price of $11.48. On May 14, 2002 the Fund purchased 221,500 shares of Common
Stock at a price of $11.38.
Except as disclosed herein, there have been no transactions by
the Fund in securities of the Issuer during the past sixty days.
(d) To the knowledge of the Fund, no other person has the right
to receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the Common Stock purchased by the Fund.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding of Relationships with Respect
to Securities of the Issuer
Except as described herein, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the persons named in
Item 2 and between such persons and any person with respect to any securities of
the Issuer, including but not limited to transfer or voting of any of the
securities, finder's fees, joint ventures, loan or option arrangements, put or
calls, guarantors of profit, division of profit or loss or the giving or
withholding of proxies.
Item 7. Material to be Filed as Exhibits
Not applicable.
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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.
Dated: May 22, 2002
STICHTING PENSIOENFONDS ABP
By: /s/ J.M.G. Frijns
--------------------------------
J.M.G. Frijns
Authorized Signatory
By: /s/ R.H. Maatman
--------------------------------
R.H. Maatman
Authorized Signatory
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