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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
GEMSTAR INTERNATIONAL GROUP LTD.
(Name of Issuer)
Ordinary Shares, par value $.01 per share
(Title of Class of Securities)
G-3788-V106
(CUSIP Number)
Michael D. Fricklas, Esq.
Viacom Inc.
1515 Broadway
New York, New York 10036
Telephone: (212) 258-6000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
October 15, 1998
(Date of Event which Requires Filing of this Statement)
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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 this statement / /.
CUSIP No. G-3788-V106
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
VIACOM INTERNATIONAL INC.
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I.R.S. Identification No. 13-3844753
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
|_| (a)
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|_| (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions)
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(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 Delaware
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- - --------------
Number of (7) Sole Voting Power
Shares -------------------------
Beneficially (8) Shared Voting Power 2,315,629
Owned by -------------------------
Each (9) Sole Dispositive Power
Reporting -------------------------
Person (10) Shared Dispositive Power 2,315,629
With -------------------------
- - --------------
(11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,315,629
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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(13) Percent of Class Represented by Amount in Row (11)
4.75%
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(14) Type of Reporting Person (See Instructions) CO
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CUSIP No. G-3788-V106
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
SUMNER M. REDSTONE
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I.R.S. Identification No.
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
|_| (a)
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|_| (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions)
----------------------------------------
(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 United States
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- - --------------
Number of (7) Sole Voting Power 22,126
Shares -------------------------
Beneficially (8) Shared Voting Power 2,315,629
Owned by -------------------------
Each (9) Sole Dispositive Power 22,126
Reporting -------------------------
Person (10) Shared Dispositive Power 2,315,629
With -------------------------
- - --------------
(11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,337,755
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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(13) Percent of Class Represented by Amount in Row (11)
4.8%
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(14) Type of Reporting Person (See Instructions) IN
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This Amendment No. 2 amends the Statement on Schedule 13D filed with
the Securities and Exchange Commission on May 19, 1997, as amended by Amendment
No. 1 thereto filed on February 7, 1998, by Viacom International Inc. (the
"Company") and Mr. Sumner M. Redstone ("Redstone") with respect to the voting
Ordinary Shares, $.01 par value per share (the "Ordinary Shares"), of Gemstar
International Group Limited, a British Virgin Islands corporation (the
"Issuer"), with its principal executive office located at 135 North Los Robles
Avenue, Suite 800, Pasadena, California 91101.
Item 4. Purpose of Transaction.
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Item 4 is hereby amended and supplemented as follows:
In open market transactions from October 12, 1998 through October 15,
1998, the Company and its 80%-owned subsidiary, Spelling Entertainment Group
Inc., sold 530,000 Ordinary Shares, reducing the Reporting Persons' beneficial
ownership to approximately 4.8%.
The transactions reported in this Amendment No. 2 reduce the Reporting
Persons' beneficial ownership to less than 5% of the Ordinary Shares of the
Issuer, therefore, the Reporting Persons have no further reporting requirements
on a Statement on Schedule 13D with respect to the Issuer.
The Company and Redstone may, from time to time, offer to sell all or
a part of the Ordinary Shares beneficially owned by them, in a single or a
series of transactions.
Item 5. Interest in Securities of the Issuer.
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Item 5 is hereby amended as follows:
The Company beneficially owns 2,315,629 Ordinary Shares, which
represent approximately 4.75% of the issued and outstanding Ordinary Shares
(based on the number of Ordinary Shares of the Issuer that were reported by the
Issuer to be issued and outstanding as of June 30, 1998). Such shares consist
of:
(i) 1,751,513 Ordinary Shares held directly by the Company;
(ii) 554,116 shares of Ordinary Shares held by Spelling
Entertainment Group Inc. which is approximately 80% owned by
the Company; and
(iii) 10,000 Ordinary Shares subject to currently exercisable
options held by a director of the Issuer for the benefit of
the Company. These options do not entitle the Company to
vote on any matter submitted to a vote of the Issuer's
shareholders.
Viacom Inc. ("Viacom"), as the sole shareholder of the Company, may be
deemed the beneficial owner of all of the Ordinary Shares described in clauses
(i),(ii) and (iii) of this Item 5.
National Amusements, Inc. ("NAI"), as the controlling shareholder of
Viacom, may be deemed the beneficial owner of all of the Ordinary Shares
described in clauses (i), (ii) and (iii) of this Item 5.
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Redstone, as the controlling stockholder of NAI, may be deemed the
beneficial owner of all of the Ordinary Shares described in clauses (i), (ii)
and (iii) of this Item 5. Redstone also owns 22,126 Ordinary Shares of Common
Stock directly. The aggregate beneficial ownership of Redstone is approximately
4.8%.
Transactions effected since the filing of Amendment No. 1 on February 7, 1998.
DATE NO. OF SHARES PRICE* WHERE AND HOW EXECUTED
10/12/98 15,000 $45.5833 Bear, Stearns,
New York, New York
10/13/98 200,000 $45.2031 "
10/14/98 130,000 $45.0889 "
10/15/98 185,000 $45.1993 "
*Price indicated is weighted average price of each day's aggregated purchases.
All of the above transactions were sales.
Item 7. Material to Be Filed as Exhibits.
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99.1 Agreement between Viacom International Inc. and Sumner M.
Redstone pursuant to Rule 13d-1(f)(1)(iii).
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Signatures
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this Statement is true, complete
and correct.
October 15, 1998 Viacom International Inc.
By: /S/ MICHAEL D. FRICKLAS
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Name: Michael D. Fricklas
Title: Senior Vice President,
General Counsel
/S/ SUMNER M. REDSTONE
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Sumner M. Redstone, Individually
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EXHIBIT INDEX
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Exhibit No. Description
- - ----------- -----------
99.1 Agreement between Viacom International Inc. and Sumner M.
Redstone pursuant to Rule 13d-1(f)(1)(iii).
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Exhibit 99.1
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Pursuant to Rule 13d-1(f)(1)(iii) of the Securities and Exchange
Commission under the Securities Exchange Act of 1934, as amended, each of the
undersigned agrees that the statement to which this Exhibit is attached is filed
on its behalf.
October 15, 1998 Viacom International Inc.
By: /S/ MICHAEL D. FRICKLAS
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Name: Michael D. Fricklas
Title: Senior Vice President,
General Counsel
/S/ SUMNER M. REDSTONE
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Sumner M. Redstone, Individually
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