As filed with the Securities and Exchange Commission on May 3, 2002
Registration No. 333-[_____]
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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Trizec Properties, Inc.
(Exact name of issuer as specified in its charter)
Delaware 33-0387846
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1114 Avenue of the Americas, 31st Floor
New York, NY 10036
(Address of principal executive offices, including zip code)
TRIZEC PROPERTIES, INC. 2002 STOCK OPTION PLAN
(Full title of the plans)
The Prentice-Hall Corporation System, Inc.
2711 Centerville Road, Suite 400
Wilmington, DE 19808
(800) 927-9800
(Name, address and telephone number of agent for service)
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Copies to each of:
Stephen T. Giove, Esq.
at
Shearman & Sterling
599 Lexington Avenue
New York, NY 10022
CALCULATION OF REGISTRATION FEE
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Proposed maximum Proposed maximum
Title of securities Amount to be offering price aggregate Amount of
to be registered registered per share offering price registration fee
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Common Stock, par value (1) (2) (3)
$0.01 per share 19,000,000 $15.65 $297,350,000 $0
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(1) This registration statement on Form S-8 (this "Registration Statement")
shall also cover any additional shares of common stock, par value $0.01
per share (the "Common Stock"), of Trizec Properties, Inc. (the
"Registrant"), which
become issuable under the Trizec Properties, Inc. 2002 Stock Option
Plan (the "Plan") being registered pursuant to this Registration
Statement by reason of any stock dividend, stock split,
recapitalization or any other similar transaction effected without the
receipt of consideration which results in an increase in the number of
the Registrant's outstanding shares of Common Stock.
(2) Estimated in accordance with Rules 457(c) and 457(h) under the
Securities Act of 1933, as amended (the "Securities Act"), solely for
the purpose of determining the registration fee. Estimate based on the
average of the high and low prices of the Common Stock reported on the
New York Stock Exchange on May 2, 2002.
(3) The amount of the registration fee for this Registration Statement is
$27,357.00. Pursuant to Rule 457(p) of the Securities Act, the amount
of the registration fee to be paid is offset by $27,357.00,
representing the amount of the registration fee previously paid by
TrizecHahn Corporation in connection with the filing of the
Registration Statement on Form S-8, filed July 13, 1998 (File No.
333-9122), associated with 5,001,920 unissued subordinate voting
shares of TrizecHahn common stock. As a result, no registration fee is
owed pursuant to this Registration Statement.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information.
Item 2. Registrant Information and Employee Plan Annual Information.*
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* Information required by Part I to be contained in the Section 10(a)
prospectus is omitted from this Registration Statement in accordance with
Rule 428 under the Securities Act and the "Note" to Part I of Form S-8.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed with the Securities and Exchange
Commission (the "Commission") are incorporated as of their respective dates in
this Registration Statement by reference.
(a) Registrant's Registration Statement on Form 10 (No. 001-16765),
filed with the Commission on February 14, 2002 pursuant to Section
12 of the Exchange Act of 1934, as amended (the "Exchange Act"),
which includes a description of the Registrant's Common Stock;
(b) The Registrant's Annual Report on Form 10-K (No. 001-16765), filed
with the Commission on March 8, 2002, which includes audited
financial statements for the Registrant's latest fiscal year for
which such statements have been filed; and
(c) The Registrant's Current Reports on Forms 8-K (No. 001-16765),
filed with the Commission on March 7, 2002 and April 4, 2002.
All other documents subsequently filed by the Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a
post-effective amendment to this Registration Statement, which indicates that
all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such
documents. Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
incorporated by reference herein modifies or supersedes such statement. Any such
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not required.
Item 5. Interests of Named Experts and Counsel.
None.
Item 6. Indemnification of Directors and Officers.
(a) Section 145 of the General Corporation Law of the State of Delaware
(the "DGCL") permits the Registrant, under specified circumstances, to indemnify
its directors, officers, employees or agents against expenses (including
attorneys' fees), judgments, fines and amounts paid in settlements actually and
reasonably incurred by them in connection with any action, suit or proceeding
brought by third parties by reason of the fact that they were or are directors,
officers, employees or agents of the Registrant, if such directors, officers,
employees or agents acted in good faith and in a manner they reasonably believed
to be in, or not opposed to, the best interests of the Registrant and, with
respect to any criminal action or proceeding, had no reason to believe their
conduct was unlawful. In a derivative action, i.e., one by or in the right of
the Registrant, indemnification may be made only for expenses actually or
reasonably incurred by directors, officers, employees or agents in connection
with the defense or settlement of an action or suit, subject to certain
limitations.
(b) The Registrant's certificate of incorporation, as well as its
bylaws, provides that the Registrant will fully indemnify its officers,
directors and employees to the fullest extent possible under the DGCL as
described above. In addition, the Registrant's certificate of incorporation
provides that a director will have personal liability for money damages to the
Registrant or its stockholders for breach of fiduciary duty only for (1) a
breach of the director's duty of loyalty, (2) acts or omissions not in good
faith or which involve intentional misconduct or a
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knowing violation of law, (3) unlawful dividends or unlawful stock repurchases
or redemptions or (4) any transaction from which the director received an
improper personal benefit.
(c) In 2002, the Registrant intends to purchase insurance for the
benefit of directors and officers of the Registrant and its subsidiaries against
any liability incurred by them in their capacity as directors and officers. The
premium for such insurance is expected to amount to approximately $1,000,000.
The policy is expected to provide coverage to the directors and officers of $50
million per occurrence in the policy year. If the Registrant becomes liable
pursuant to the indemnification of directors and officers from and against any
liability and cost in respect to any action or suit against them in respect of
their duties of office, the insurance coverage is expected to extend to the
Registrant; however, each claim will be subject to a deductible of $1,000,000.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
See Exhibit list beginning on page 9.
Item 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration
Statement:
(i) to include any prospectus required by Section 10(a)(3)
of the Securities Act;
(ii) to reflect in the prospectus any facts or events
arising after the effective date of this Registration
Statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate,
represent a fundamental change in the information set
forth in the Registration Statement;
(iii) to include any material information with respect to the
plan of distribution not previously disclosed in this
Registration Statement or any material change to such
information in the Registration Statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii)
do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by
the registrant pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 that are incorporated by
reference into the registration statement.
(2) That, for the purpose of determining any liabilities under
the Securities Act, each such post-effective amendment shall
be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial
bona fide offering thereof;
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain
unsold at the termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and where applicable, each filing of an employee benefit plan's
annual report pursuant to
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Section 15(d) of the Exchange Act) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the Act
and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of New York, State of New York on the 3rd day of May,
2002.
TRIZEC PROPERTIES, INC.
(Registrant)
By: /s/ Gregory F. Hanson
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Name: Gregory F. Hanson
Title: Executive Vice President,
Chief Financial Officer and Director
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KNOW ALL MEN BY THESE PRESENT, that each person whose signature to this
Registration Statement appears below hereby constitutes and appoints each of
Gregory Hanson and Elizabeth K. Lanier as such person's true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for such person and in such person's name, place and stead, in any and all
capacities, to sign any and all amendments to the Registration Statement,
including post-effective amendments, and registration statements filed pursuant
to Rule 462 under the Securities Act, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Commission, and
does hereby grant unto each said attorney-in-fact and agent full power and
authority to do and perform each and every act and thing requisite and necessary
to be done in and about the premises, as fully to all intents and purposes as
such person might or could do in person, hereby ratifying and confirming all
that each said attorney-in-fact and agent, or any substitute therefor, may
lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities indicated
as of the 3rd day of May, 2002.
Signature Capacity
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/s/ Christopher Mackenzie Chief Executive Officer, President and Director
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Christopher Mackenzie
/s/ Gregory Hanson Executive Vice President, Chief Financial Officer and Director
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Gregory Hanson
/s/ Robin A. Campbell Director
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Robin A. Campbell
/s/ Joanne Ranger Senior Vice President and Chief Accounting Officer
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Joanne Ranger
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EXHIBIT INDEX
Number Title of Exhibit
4.1 Fourth Amended and Restated Certificate of
Incorporation of Trizec Properties, Inc., filed on
February 11, 2002 (incorporated herein by
reference to Exhibit 3.1 to the Registrant's
Registration Statement on Form 10 (No. 001-16765),
filed with the Commission on February 14, 2002).
4.2 Form of Amended and Restated Bylaws of Trizec
Properties, Inc. (incorporated herein by reference
to Exhibit 3.2 to the Registrant's Registration
Statement on Form 10 (No. 001-16765), filed with
the Commission on February 14, 2002).
*4.3 Trizec Properties, Inc. 2002 Stock Option Plan.
*4.4 Certificate of Amendment to Fourth Amended and
Restated Certificate of Incorporation of Trizec
Properties, Inc.
*5 Opinion of Shearman & Sterling regarding the
legality of the securities being offered hereby.
*23.1 Consent of PricewaterhouseCoopers LLP, Independent
Accountants.
*23.2 Consent of Shearman & Sterling (contained in
Exhibit 5).
*24 Power of Attorney (included as part of the
signature pages to this Registration Statement).
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* Filed herewith.
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