================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 18
TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
THE LIMITED, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.50 PAR VALUE 532716-107
- --------------------------------------------------------------------------------
(Title of class of securities) (CUSIP number)
DENNIS J. BLOCK, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
(212) 310-8000
- --------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to receive
notices and communications)
APRIL 9, 1998
- --------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rules 13d-1(e), (f) or (g), check the following box [_].
================================================================================
NYFS01...:\08\80808\0004\139\SCH4148K.330
- ---------------------------------------------- ----------------------------------------------
CUSIP No. 532716-107 13D-PAGE 2
- ---------------------------------------------- ----------------------------------------------
- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Leslie H. Wexner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 55,184,810
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,947,117
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 55,715,300
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,947,117
- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 58,662,417
- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 21.5%
- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- -------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------- ----------------------------------------------
CUSIP No. 532716-107 13D-PAGE 3
- ---------------------------------------------- ----------------------------------------------
- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: The Wexner Foundation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,208,317
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,208,317
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,208,317
- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.4%
- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- -------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------- ----------------------------------------------
CUSIP No. 532716-107 13D-PAGE 4
- ---------------------------------------------- ----------------------------------------------
- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Health and Science Interests II
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 350,000
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 350,000
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 350,000
- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.1%
- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- -------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------- ----------------------------------------------
CUSIP No. 532716-107 13D-PAGE 5
- ---------------------------------------------- ----------------------------------------------
- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: The Wexner Children's Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 18,750,000
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 18,750,000
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 18,750,000
- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 6.9%
- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- -------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------------------------------- ----------------------------------------------
CUSIP No. 532716-107 13D-PAGE 6
- ---------------------------------------------- ----------------------------------------------
- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Harry, Hannah and David Wexner Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
- -------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,388,800
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,388,800
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,388,800
- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.5%
- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- -------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
This Amendment No. 18 relates to the Schedule 13D dated June 25, 1985, as
amended in certain respects by Amendments No. 1 through 17 thereto, filed by a
group currently comprised of Leslie H. Wexner, The Wexner Foundation, Health and
Science Interests II, The Wexner Children's Trust and the Harry, Hannah and
David Wexner Trust (collectively, the "Purchasers").
Item 2. Identity and Background.
Since the filing of Amendment No. 17, Health and Science Interests and the
Harry and Hannah Wexner Trust disposed of all of their shares of Common Stock.
Accordingly, such persons are no longer members of the Purchasers' group.
Item 5. Interest in Securities of the Issuer.
(a) As of April 14, 1998, the Purchasers beneficially owned the
following shares of the Common Stock (the approximate percentages of the shares
of Common Stock owned as indicated in parenthesis below are based on the
272,491,148 shares reported as outstanding in the Company's Quarterly Report on
Form 10-Q for the fiscal quarter ended November 1, 1997):
1. Leslie H. Wexner 58,662,417(1)(2)(3)(4)(5) 21.5%
2. The Wexner Foundation 1,208,317(1) 0.4%
3. Health and Science
Interests II 350,000(2) 0.1%
4. The Wexner Children's
Trust 18,750,000(4) 6.9%
5. Harry, Hannah and David Wexner
Trust 1,388,800(5) 0.5%
7
- ------------------------------
(1) Power to vote or direct the disposition of the 1,208,317 shares held by
The Wexner Foundation may be deemed to be shared by Leslie H. Wexner and
Jeffrey E. Epstein as the trustees of The Wexner Foundation. Leslie H.
Wexner and Jeffrey E. Epstein disclaim beneficial ownership of the shares
held by The Wexner Foundation.
(2) Power to vote or direct the disposition of the 350,000 shares held by
Health and Science Interests II may be deemed to be shared by Leslie H.
Wexner as grantor and Jeffrey E. Epstein as trustee thereof. Leslie H.
Wexner and Jeffrey E. Epstein disclaim beneficial ownership of shares held
by Health and Science Interests II.
(3) Includes 530,490 shares held in The Limited, Inc. Savings and Retirement
Plan for Mr. Wexner's account (as of December 31, 1997) over which he
exercises dispositive but not voting control and 175,000 shares issuable
upon exercise of options held by Mr. Wexner. Excludes 475 shares held
directly by Mr. Wexner's spouse and 200,000 shares held in a trust of
which Mr. Wexner's spouse is a beneficiary, as to which Mr. Wexner
disclaims beneficial ownership.
(4) Power to vote or direct the disposition of the 18,750,000 shares held by
Leslie H. Wexner as the sole trustee of The Wexner Children's Trust.
(5) Power to vote or direct the disposition of the 1,388,800 shares held by
the Harry, Hannah and David Wexner Trust may be deemed to be shared by
Leslie H. Wexner and Jeffrey E. Epstein as trustees of such trust.
(b) The responses of the Purchasers to Item 7 through 11 of the
portions of the cover pages of this Amendment No. 18 to the Schedule 13D which
relate to the beneficial ownership of shares of the Common Stock are
incorporated herein by reference.
8
(c) Since the filing of Amendment No. 17 to Schedule 13D, the
Purchasers effected the following transactions in the Common Stock:
Date of Amount of Price per Where and
Person Transaction Securities Share How Effected
- ------ ----------- ---------- ----- ------------
Leslie H. Wexner 3/13/98 500,000 N/A Contribution
shares to Health and
Science
Interests
Health and 3/13/98 500,000 N/A Receipt of
Science Interests shares contribution
from
Leslie H. Wexner
" 4/9/98 2,500,000 $28.61875 Private sale
shares
Harry and Hannah 3/17/98 144,600 $29.875 NYSE (sale)
Wexner Trust shares
Harry, Hannah and 3/17/98 800,000 $29.875 NYSE (sale)
David Wexner shares
Trust
The Wexner 3/17/98 199,400 $29.875 NYSE (sale)
Foundation shares
(d), (e): Not Applicable
9
SIGNATURE
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: April 14, 1998
/s/Leslie H. Wexner
------------------------------------
Leslie H. Wexner
THE WEXNER FOUNDATION
By: /s/Darren K. Indyke
------------------------------------
Darren K. Indyke, Secretary
HEALTH AND SCIENCE INTERESTS
By: /s/Jeffrey E. Epstein
------------------------------------
Jeffrey E. Epstein, Trustee
HEALTH AND SCIENCE INTERESTS II
By: /s/Jeffrey E. Epstein
------------------------------------
Jeffrey E. Epstein, Trustee
THE WEXNER CHILDREN'S TRUST
By: /s/Leslie H. Wexner
------------------------------------
Leslie H. Wexner, Trustee
HARRY AND HANNAH WEXNER TRUST
By: /s/Jeffrey E. Epstein
------------------------------------
Jeffrey E. Epstein, Trustee
10
HARRY, HANNAH AND DAVID WEXNER TRUST
By: /s/Jeffrey E. Epstein
------------------------------------
Jeffrey E. Epstein, Trustee
11
