UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Nu Skin Enterprises, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
67018T-10-5
(CUSIP Number)
December 31, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed.
| | Rule 13d-1(b)
| | Rule 13d-1(c)
|X| Rule 13d-1(d)
*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 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number
Page 1 of 6 Pages
SCHEDLE 13G (AMENDMENT NO. 2)
CUSIP NO. 67018T-10-5
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Steven J. Lund
Kalleen Lund
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) | |
(b) | |
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Steven J. Lund : United States of America
Kalleen Lund : United States of America
5 SOLE VOTING POWER
NUMBER OF Steven J. Lund : 1,738,849 **SEE ITEM 4
SHARES Kalleen Lund : 1,636,085 **SEE ITEM 4
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH Steven J. Lund : 1,150,372 **SEE ITEM 4
REPORTING Kalleen Lund : 180,571 **SEE ITEM 4
PERSON WITH:
7 SOLE DISPOSITIVE POWER
Steven J. Lund : 3,374,934 **SEE ITEM 4
Kalleen Lund : 1,636,085 **SEE ITEM 4
8 SHARED DISPOSITIVE POWER
Steven J. Lund : 1,150,372 **SEE ITEM 4
Kalleen Lund : 180,571 **SEE ITEM 4
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Steven J. Lund : 4,204,667 **SEE ITEM 4
Kalleen Lund : 1,816,656 **SEE ITEM 4
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
| |
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Steven J. Lund : 11.6%
Kalleen Lund : 5.2%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
Steven J. Lund : IN
Kalleen Lund : IN
Page 2 of 6 Pages
SCHEDLE 13G (AMENDMENT NO. 2)
CUSIP NO. 67018T-10-5
Item 1.
(a) Name of Issuer
The name of the issuer is Nu Skin Enterprises, Inc. (the "Issuer").
(b) Address of Issuer's Principal Executive Offices
The address of the Issuer's principal executive office is 75 West
Center Street, Provo, Utah 84601.
Item 2.
(a) Name of Person Filing
This report is being filed by Steven J. Lund and Kalleen Lund
(referred to individually by name and referred to collectively as
the "Reporting Persons").
(b) Address of Principal Business Office or, if none, Residence
The address of the Reporting Persons' principal business office is
75 West Center Street, Provo, Utah 84601.
(c) Citizenship
The Reporting Persons are both citizens of the United States of
America.
(d) Title of Class of Securities
This report covers the Issuer's Class A Common Stock, par value
$.001 per share (the "Class A Common Stock").
(e) CUSIP Number
The CUSIP number of the Class A Common Stock is 67018T-10-5.
Item 3. Not applicable.
Item 4. Ownership.
Steven J. Lund
(a) Steven J. Lund beneficially owns or may be deemed to beneficially
own 4,204,667 shares of Class A Common Stock as follows:
1,526,582 shares of Class A Common Stock, and 2,678,085 shares of
the Issuer's Class B Common Stock, par value $.001 per share (the
"Class B Common Stock"), which is convertible on a one-for- one
basis at any time at the option of the holder. The filing of the
above statement shall not be construed as an admission that
Steven J. Lund is, for the purposes of Section 13(d) or 13(g) of
the Securities Exchange Act of 1934, as amended, the beneficial
owner of the following shares which were included in the
4,204,667 shares of Class A Common Stock referenced above:
423,710 shares of Class A Common Stock and 1,321,332 shares of
Class B Common Stock held directly by his wife, Kalleen Lund;
50,000 shares of Class A Common Stock and 55,571 shares of Class
B Common Stock held indirectly as a co-trustee for The Steven J.
and Kalleen Lund Foundation; 75,000 shares of Class B Common
Stock held indirectly as a co-trustee for The Steven and Kalleen
Lund Fixed Charitable Trust; and 649,162 shares of Class A Common
Stock held indirectly as a director of three of the Issuer's
affiliated corporations.
(b) Each share of Class B Common Stock is convertible at any time at
the option of the holder into one share of Class A Common Stock
and each share of Class B Common Stock is automatically converted
into one share of Class A Common Stock upon the transfer of such
share of Class B Common Stock to any person who is not a
Permitted Transferee as defined in the Amended and Restated
Certificate of Incorporation of the Issuer. Assuming conversion
of all outstanding 2,678,085 shares of Class B Common Stock
beneficially owned or that may be deemed to be beneficially owned
by him, Steven J. Lund would beneficially own or may be deemed to
beneficially own 4,204,667 shares of Class A Common Stock which
would constitute 11.6% of the number of shares of the then
outstanding Class A Common Stock.
Page 3 of 6 Pages
SCHEDLE 13G (AMENDMENT NO. 2)
CUSIP NO. 67018T-10-5
Each share of Class A Common Stock entitles the holder to one
vote on each matter submitted to a vote of the Issuer's
Stockholders and each share of Class B Common Stock entitles the
holder to ten votes on each such matter, including the election
of directors. Assuming conversion of all outstanding 2,678,085
shares of Class B Common Stock beneficially owned or that may be
deemed to be beneficially owned by Steven J. Lund, he would
beneficially own or may be deemed to beneficially own 4,204,667
shares of Class A Common Stock which would constitute 0.8% of the
aggregate voting power of the Issuer.
Assuming no conversion of the outstanding 2,678,085 shares of
Class B Common Stock beneficially owned or deemed to be
beneficially owned by Steven J. Lund, he would beneficially own
or be deemed to beneficially own 1,526,582 shares of Class A
Common Stock and 2,678,085 shares of Class B Common Stock which
would constitute 4.9% of the aggregate voting power of the Issuer
and 4.8% of the total combined number of shares of Class A Common
Stock and Class B Common Stock then outstanding.
(c) (i) Assuming conversion of all outstanding 1,362,639 shares of
Class B Common Stock beneficially owned or that may be deemed to
be beneficially owned by Steven J. Lund, with respect to which he
has sole power to vote or direct the vote, Steven J. Lund would
have sole power to vote or direct the vote of 1,738,849 shares of
Class A Common Stock as follows: 1,259,876 shares of Class A
Common Stock held directly; and 102,763 shares of Class A Common
Stock held indirectly as the sole trustee for The C and K Trust.
(ii)Assuming conversion of all outstanding 1,315,446 shares of
Class B Common Stock beneficially owned or that may be deemed to
be beneficially owned by Steven J. Lund, with respect to which he
has shared power to vote or direct the vote, Steven J. Lund would
have shared power to vote or direct the vote of 2,465,818 shares
of Class A Common Stock as follows: 1,259,875 shares of Class A
Common Stock held directly by his wife, Kalleen Lund; 105,571
shares of Class A Common Stock held indirectly as a co-trustee of
The Steven J. and Kalleen Lund Foundation; 75,000 shares of Class
A Common Stock held indirectly as a co-trustee of The Steven and
Kalleen Lund Fixed Charitable Trust; and 649,162 shares of Class
A Common Stock held indirectly as a director of the three of the
Issuer's affiliated corporations.
(iii)Assuming conversion of all outstanding 1,362,639 shares of
Class B Common Stock beneficially owned or that may be deemed to
be beneficially owned by Steven J. Lund, with respect to which he
has sole power to dispose or direct the disposition, Steven J.
Lund would have sole power to dispose or direct the disposition
of 1,738,849 shares of Class A Common Stock as follows: 1,259,876
shares of Class A Common Stock held directly; and 102,763 shares
of Class A Common Stock held indirectly as the sole trustee for
The C and K Trust.
(iv)Assuming conversion of all outstanding 1,315,446 shares of
Class B Common Stock beneficially owned or that may be deemed to
be beneficially owned by Steven J. Lund, with respect to which he
has shared power to dispose or direct the disposition, Steven J.
Lund would have shared power to dispose or direct the disposition
of 2,465,818 shares of Class A Common Stock as follows: 1,259,875
shares of Class A Common Stock held directly by his wife, Kalleen
Lund; 105,571 shares of Class A Common Stock held indirectly as a
co-trustee of The Steven J. and Kalleen Lund Foundation; 75,000
shares of Class A Common Stock held indirectly as a co-trustee of
The Steven and Kalleen Lund Fixed Charitable Trust; and 649,162
shares of Class A Common Stock held indirectly as a director of
the three of the Issuer's affiliated corporations.
Kalleen Lund:
(a) Kalleen Lund beneficially owns or may be deemed to beneficially
own 1,816,656 shares of Class A Common Stock as follows: 501,210
shares of Class A Common Stock and 1,636,085 shares of Class B
Common Stock, which may be converted on a one-for-one basis at
any time at the option of the holder. The filing of the above
statement shall not be construed as an admission that Kalleen
Lund is, for the purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, as amended, the beneficial owner
of the following shares which were included in the 1,816,656
shares of Class A Common Stock referenced above: 50,000 shares of
Class A Common Stock and 55,571 shares of Class B Common Stock
held indirectly as a co-trustee of The Steven J.
Page 4 of 6 Pages
SCHEDLE 13G (AMENDMENT NO. 2)
CUSIP NO. 67018T-10-5
and Kalleen Lund Foundation; and the 75,000 shares of Class A
Common Stock held indirectly as a co-trustee of The Steven and
Kalleen Lund Fixed Charitable Trust.
(b) Each share of Class B Common Stock is convertible at any time at
the option of the holder into one share of Class A Common Stock
and each share of Class B Common Stock is automatically converted
into one share of Class A Common Stock upon the transfer of such
share of Class B Common Stock to any person who is not a
Permitted Transferee as defined in the Amended and Restated
Certificate of Incorporation of the Issuer. Assuming conversion
of all outstanding 1,315,446 shares of Class B Common Stock
beneficially owned or that may be deemed to be beneficially owned
by Kalleen Lund, she would beneficially own or may be deemed to
beneficially own 1,816,656 shares of Class A Common Stock which
would constitute 5.2% of the number of shares of the then
outstanding Class A Common Stock.
Each share of Class A Common Stock entitles the holder to one
vote on each matter submitted to a vote of the Issuer's
Stockholders and each share of Class B Common Stock entitles the
holder to ten votes on each such matter, including the election
of directors. Assuming conversion of all outstanding 1,315,446
shares of Class B Common Stock beneficially owned or that may be
deemed to be beneficially owned by Kalleen Lund, she would
beneficially own or may be deemed to beneficially own 1,816,656
shares of Class A Common Stock which would constitute 0.3% of the
aggregate voting power of the Issuer.
Assuming no conversion of the outstanding 1,315,446 shares of
Class B Common Stock beneficially owned or deemed to be
beneficially owned by Kalleen Lund, she would beneficially own or
be deemed to beneficially own 501,210 shares of Class A Common
Stock and 1,315,446 shares of Class B Common Stock which would
constitute 2.3% of the aggregate voting power of the Issuer and
2.1% of the total combined number of shares of Class A Common
Stock and Class B Common Stock then outstanding.
(c) (i) Assuming conversion of all outstanding 1,259,875 shares of
Class B Common Stock beneficially owned or that may be deemed to
be beneficially owned by Kalleen Lund, with respect to which she
has sole power to vote or direct the vote, Kalleen Lund would
have sole power to vote or direct the vote of 1,636,085 shares of
Class A Common Stock held directly.
(ii)Assuming conversion of all outstanding 55,571 shares of Class
B Common Stock beneficially owned or that may be deemed to be
beneficially owned by Kalleen Lund, with respect to which she has
shared power to vote or direct the vote, Kalleen Lund would have
shared power to vote or direct the vote of 180,571 as follows:
105,571 shares of Class A Common Stock held indirectly as a
co-trustee of The Steven J. and Kalleen Lund Foundation; and
75,000 shares of Class A Common Stock held indirectly as a
co-trustee of The Steven and Kalleen Lund Fixed Charitable Trust.
(iii)Assuming conversion of all outstanding 1,259,875 shares of
Class B Common Stock beneficially owned or that may be deemed to
be beneficially owned by Kalleen Lund, with respect to which she
has sole power to dispose or direct the disposition Kalleen Lund
would have sole power to dispose or direct the disposition of
1,636,085 shares of Class A Common Stock held directly.
(iv)Assuming conversion of all outstanding 55,571 shares of Class
B Common Stock beneficially owned or that may be deemed to be
beneficially owned by Kalleen Lund, with respect to which she has
shared power to dispose or direct the disposition, Kalleen Lund
would have shared power to dispose or direct the disposition of
180,571 as follows: 105,571 shares of Class A Common Stock held
indirectly as a co-trustee of The Steven J. and Kalleen Lund
Foundation; and 75,000 shares of Class A Common Stock held
indirectly as a co-trustee of The Steven and Kalleen Lund Fixed
Charitable Trust.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Page 5 of 6 Pages
SCHEDLE 13G (AMENDMENT NO. 2)
CUSIP NO. 67018T-10-5
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company
Not applicable.
Item 8. Identification and classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
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.
/s/ Steven J. Lund
By: Steven J. Lund
Dated: February 12, 1999
/s/ Kalleen Lund
By: Kalleen Lund
Dated: February 12, 1999
Page 6 of 6 Pages