SC 13D/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities
Published on March 16, 2004
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
Rollins, Inc.
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(Name of Issuer)
Common Stock, $1.00 Par Value
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(Title of Class of Securities)
775711 10 4
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(CUSIP Number)
B. Joseph Alley, Jr.
2800 One Atlantic Center
1201 West Peachtree Street
Atlanta, Georgia 30309-3400
(404) 873-8688
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
3/15/04
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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(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with the statement |_|. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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).
CUSIP No. 775711 10 4 Page 2 of 14
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1 Name of Reporting Person S.S. or I.R.S. Identification No.
of Above Person
R. Randall Rollins
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2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
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3 SEC Use Only
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4 Source of Funds
00
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5 Check Box 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
United States
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7 Sole Voting Power
145,782***
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8 Shared Voting Power
22,159,327*
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9 Sole Dispositive Power
145,782***
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10 Shared Dispositive Power
22,159,327*
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
22,305,109*
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12 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares |X|
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13 Percent of Class Represented by Amount in Row (11)
49.1 percent*
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14 Type of Reporting Person
IN
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* Does not include 94,354** shares of the Company held by his wife.
Includes 21,231,277** shares of the Company held by RFPS Management
Company I, L.P. of which RFA Management Company, LLC ("General
Partner"), a Georgia limited liability company, is the general partner.
The voting interests of the General Partner are held by two revocable
trusts, one of which each of Gary or Randall Rollins is the grantor and
sole trustee. LOR, Inc. is the manager of the General Partner. Also
includes 928,050** shares of the Company held in three trusts of which
he is a Co-Trustee and as to which he shares voting and investment
power.
** Mr. Rollins disclaims any beneficial interest in these holdings.
*** Includes 22,018** shares of the Company held as Trustee, Guardian, or
Custodian for his children. Also includes 142 shares of 401(k) stock.
Also includes options to purchase 90,000 shares, which are currently
exercisable or will become exercisable within 60 days of the date
hereof. This excludes options to purchase 60,000 shares that are not
currently exercisable and will not become exercisable within 60 days of
the date hereof.
CUSIP No. 775711 10 4 Page 3 of 14
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1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Gary W. Rollins
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2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
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3 SEC Use Only
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4 Source of Funds
00
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5 Check Box 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
United States
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7 Sole Voting Power
853,159***
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8 Shared Voting Power
22,159,327*
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9 Sole Dispositive Power
853,159***
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10 Shared Dispositive Power
22,159,327*
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
23,012,486*
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12 Check Box if the Aggregate Amount in
Row (11) Excludes Certain Shares |X|
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13 Percent of Class Represented by Amount in Row (11)
50.5 percent*
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14 Type of Reporting Person
IN
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* Does not include 106,439** shares of the Company held by his wife.
Includes 21,231,277** shares of the Company held by RFPS Management
Company I, L.P. of which RFA Management Company, LLC ("General
Partner"), a Georgia limited liability company, is the general partner.
The voting interests of the General Partner are held by two revocable
trusts, one of which each of Gary or Randall Rollins is the grantor and
sole trustee. LOR, Inc. is the manager of the General Partner. Includes
928,050** shares of the Company in three trusts of which he is
Co-Trustee and as to which he shares voting and investment power.
** Mr. Rollins disclaims any beneficial interest in these holdings.
*** Also includes 23,208 shares of 401(k) stock. Also includes options to
purchase 180,000 shares, which are currently exercisable or will become
exercisable within 60 days of the date hereof. Excludes options to
purchase 120,000 shares that are not currently exercisable and will not
become exercisable within 60 days of the date hereof.
CUSIP No. 775711 10 4 Page 4 of 14
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1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Glen W. Rollins
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2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
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3 SEC Use Only
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4 Source of Funds
00
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5 Check Box 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
United States
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7 Sole Voting Power
393,765*
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8 Shared Voting Power
0
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9 Sole Dispositive Power
393,765*
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10 Shared Dispositive Power
0
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
393,765*
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |X|
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13 Percent of Class Represented by Amount in Row (11)
0.9 percent*
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14 Type of Reporting Person
IN
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* Includes 72,584** shares of the Company held as Custodian/Guardian for
minor children. Includes options to purchase 89,400 shares, which are
currently exercisable or will become exercisable within 60 days of the
date hereof. Does not include 18,301** shares of the Company held by
his wife. Also includes 9,206 shares of 401(k) stock and 255 shares of
common stock in the Employee Stock Purchase Plan. Excludes options to
purchase 62,850 shares that are not exercisable and will not become
exercisable within 60 days of the date hereof.
** Mr. Rollins disclaims any beneficial interest in these holdings.
CUSIP No. 775711 10 4 Page 5 of 14
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1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
RFPS Management Company I, L.P.
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2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
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3 SEC Use Only
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4 Source of Funds
00
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5 Check Box 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
United States
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7 Sole Voting Power
21,231,277
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8 Shared Voting Power
0
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9 Sole Dispositive Power
21,231,277
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10 Shared Dispositive Power
0
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
21,231,277
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12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares |_|
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13 Percent of Class Represented by Amount in Row (11)
46.8 percent
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14 Type of Reporting Person
PN
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CUSIP No. 775711 10 4 Page 6 of 14
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1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
RFA Management Company, LLC
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2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
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3 SEC Use Only
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4 Source of Funds
WC
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5 Check Box 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
United States
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7 Sole Voting Power
0
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8 Shared Voting Power
21,231,277*
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
21,231,277*
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
21,231,277*
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12 Check Box if the Aggregate Amount in
Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented by Amount in Row (11)
46.8 percent*
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14 Type of Reporting Person
CO
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* Includes 21,231,277 shares owned by RFPS Management Company I, L.P.
(the "Partnership"). The reporting person is the general partner of
the Partnership. The reporting person disclaims beneficial ownership
of these shares except to the extent of the reporting person's
pecuniary interest.
CUSIP No. 775711 10 4 Page 7 of 14
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1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
RFPS Investments I, L.P.
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2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
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3 SEC Use Only
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4 Source of Funds
00
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5 Check Box 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
United States
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7 Sole Voting Power
0
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8 Shared Voting Power
21,231,277*
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
21,231,277*
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
21,231,277*
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented by Amount in Row (11)
46.8 percent*
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14 Type of Reporting Person
PN
================================================================================
* Includes 21,231,277 shares owned by RFPS Management Company I, L.P.
(the "Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of
these shares except to the extent of the reporting person's pecuniary
interest.
CUSIP No. 775711 10 4 Page 8 of 14
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1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
LOR, Inc.
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2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
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3 SEC Use Only
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4 Source of Funds
00
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5 Check Box 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
United States
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7 Sole Voting Power
0
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8 Shared Voting Power
21,231,277*
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
21,231,277*
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
21,231,277*
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented by Amount in Row (11)
46.8 percent*
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14 Type of Reporting Person
CO
================================================================================
* Includes 21,231,277 shares owned by RFPS Management Company I, L.P.
(the "Partnership"). The reporting person is the manager of the
General Partner of the Partnership. The reporting person disclaims
beneficial ownership of these shares except to the extent of the
reporting person's pecuniary interest.
CUSIP No. 775711 10 4 Page 9 of 14
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1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
LOR Investment Company, LLC
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2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
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3 SEC Use Only
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4 Source of Funds
WC
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5 Check Box 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
United States
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7 Sole Voting Power
0
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8 Shared Voting Power
21,231,277*
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
21,231,277*
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
21,231,277*
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented by Amount in Row (11)
46.8 percent*
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14 Type of Reporting Person
CO
================================================================================
* Includes 21,231,277 shares owned by RFPS Management Company I, L.P.
(the "Partnership"). The reporting person is the general partner of
the limited partner of the Partnership. The reporting person disclaims
beneficial ownership of these shares except to the extent of the
reporting person's pecuniary interest.
CUSIP No. 775711 10 4 Page 10 of 14
Item 1. SECURITY AND ISSUER
This Amendment No. 4 to Schedule 13D relates to the Common Stock, $1.00 par
value, of Rollins, Inc., a Delaware corporation (the "Company"). The original
Schedule 13D ("13D") was filed on November 8, 1993 and was amended by Amendment
No. 1 ("Amendment 1") on March 5, 1996. Amendment No. 2 ("Amendment 2") was
filed on January 10, 2003. Amendment No. 3 ("Amendment 3") was filed on May 2,
2003. Amendment No. 4 ("Amendment No. 4") was filed on October 10, 2003. The
principal executive office of the Company is located at:
2170 Piedmont Road, N.E.
Atlanta, Georgia 30324
Item 2. IDENTITY AND BACKGROUND
1. (a) R. Randall Rollins is a person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) Chairman of the Board of RPC, Inc., engaged in the business of
oil and gas field services,, the business address of which is 2170 Piedmont
Road, N.E., Atlanta, Georgia 30324. Chairman of the Board of Rollins, Inc.,
engaged in the provision of pest-control and other consumer services, the
business address of which is 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
Chairman of the Board of Marine Products Company, Inc., engaged in the business
of boat manufacturing, the business address of which is 2170 Piedmont Road,
N.E., Atlanta, Georgia 30324.
(d) None.
(e) None.
(f) United States.
2. (a) Gary W. Rollins is a person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) President, Chief Executive Officer and Chief Operating Officer of
Rollins, Inc., engaged in the provision of pest-control and other consumer
services, the business address of which is 2170 Piedmont Road, N.E., Atlanta,
Georgia 30324.
(d) None.
(e) None.
(f) United States.
3. (a) Glen W. Rollins is a reporting person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324
(c) Vice President of Rollins, Inc., engaged in the provision of
pest-control and other consumer services, the business address of
which is 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(d) None.
(e) None.
CUSIP No. 775711 10 4 Page 11 of 14
(f) United States.
4. (a) RFPS Management Company I, L.P. is a reporting person filing this
statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia limited partnership.
(d) None.
(e) None.
(f) United States.
5. (a) RFA Management Company, LLC is a reporting person filing this
statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia limited liability company.
(d) None.
(e) None.
(f) United States.
6. (a) RFPS Investments I, L.P. is a reporting person filing this
statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia limited partnership.
(d) None.
(e) None.
(f) United States.
7. (a) LOR, Inc. is a reporting person filing this statement.
(b) 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia corporation owned and controlled by R. Randall Rollins,
Gary W. Rollins, Rollins Family Members and Trusts benefiting
Rollins Family Members.
(d) None.
(e) None.
(f) United States.
8. (a) LOR Investment Company, LLC is a reporting person filing
this statement.
CUSIP No. 775711 10 4 Page 12 of 14
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia limited liability company, wholly owned by LOR, Inc.
(d) None.
(e) None.
(f) United States.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
See 13D, Amendment 1, Amendment 2 and Amendment 3. On October 10, 2003, O.
Wayne Rollins contributed 112,500 shares (which shares reflect a 1.5 for 1 stock
split which was effective as of February 10, 2003) to RFPS Management Company I,
L.P. (the "Partnership"). No consideration was given for the shares. On March
15, 2004, Glen W. Rollins agreed with the other reporting persons that he was
part of a group consisting of himself and the other reporting persons.
Item 4. PURPOSE OF TRANSACTION
See 13D, Amendment 1, Amendment 2, Amendment 3, and Item 3 above. The
transaction was effected for administration and collective management purposes.
The reporting persons currently intend to hold the shares for investment.
(a)-(j) None.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a)-(b) See 13D, Amendment 1, Amendment 2, and Amendment 3.
(c) Not applicable.
(d) None.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Glen W. Rollins has an informal agreement to vote his shares in concert
with the other reporting persons. Otherwise, there are no such contracts,
arrangements, understandings, or relationships with respect to any securities of
the Company, including but not limited to transfer or voting of any of such
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or loss or the giving or
withholding of proxies.
Item 7. MATERIAL TO BE FILED AS EXHIBITS
(a) Agreement of filing persons relating to filing of joint
statement per Rule 13d-1(f).
CUSIP No. 775711 10 4 Page 13 of 14
Signature.
After reasonable inquiry each of the undersigned certifies that to the best
of his knowledge and belief the information set forth in this statement is true,
complete and correct.
RFPS MANAGEMENT COMPANY I, L.P.
RFA MANAGEMENT COMPANY, LLC
By: LOR, Inc., Manager
/s/ Glenn P. Grove, Jr.
- ---------------------------------------
By: Glenn P. Grove, Jr.
Its: Assistant Secretary
R. RANDALL ROLLINS
GARY W. ROLLINS
RFPS INVESTMENTS I, L.P.
LOR, INC.
LOR INVESTMENT COMPANY, LLC
By: Glenn P. Grove, Jr. as attorney-in fact
/s/ Glenn P. Grove, Jr.
- ---------------------------------------
Glenn P. Grove, Jr.
/s/ Glen W. Rollins
- ---------------------------------------
Glen W. Rollins
CUSIP No. 775711 10 4 Page 14 of 14
EXHIBIT A
The undersigned each hereby certifies and agrees that the above Amendment
to Schedule 13D concerning securities issued by Rollins, Inc. is being filed on
behalf of each of the undersigned.
RFPS MANAGEMENT COMPANY I, L.P.
RFA MANAGEMENT COMPANY, LLC
By: LOR, Inc., Manager
/s/ Glenn P. Grove, Jr.
- ----------------------------------------
By: Glenn P. Grove, Jr.
Its: Assistant Secretary
R. RANDALL ROLLINS
GARY W. ROLLINS
RFPS INVESTMENTS I, L.P.
LOR, INC.
LOR INVESTMENT COMPANY, LLC
By: Glenn P. Grove, Jr. as attorney-in fact
/s/ Glenn P. Grove, Jr.
- ---------------------------------------
Glenn P. Grove, Jr.
/s/ Glen W. Rollins
- ---------------------------------------
Glen W. Rollins