UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _)*
Reckson Associates Realty Corp.
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
75621K106
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(CUSIP Number)
Jeffrey Ruiz
Deutsche Bank AG
c/o Deutsche Bank Securities Inc.
60 Wall Street
New York, NY 10005
(212) 250-3667
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 30, 2006
(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 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. 066821109
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deutsche Bank AG
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC
(See Item 3)
----- --------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
----- --------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Deutsche Bank AG is organized under the laws of the Federal Republic of
Germany.
----- --------------------------------------------------------------------------
7 SOLE VOTING POWER
4,213,354*
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 13,774
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 4,213,774*
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,774
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,227,128*
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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)
5.08%
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14 TYPE OF REPORTING PERSON
BK
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*This number reflects Deutsche Bank AG's Share ownership as of October 30,
2006. Due to subsequent sales, the total number of Shares over which Deutsche
Bank AG may be deemed to have sole voting and sole dispositive power is
4,072,873 Shares and the aggregate amount of Shares that Deutsche Bank AG
would be deemed to beneficially own is 4,072,873 Shares, in each case as of
November 24, 2006. See Item 5(e) below.
Cusip No. 066821109
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deutsche Bank Securities Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC
(See Item 3)
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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
Delaware
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7 SOLE VOTING POWER
0
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 13,774
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,774
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,774
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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)
0.02%
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14 TYPE OF REPORTING PERSON
BD
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Item 1. Security and Issuer
This statement on Schedule 13D (this "Statement") relates to shares of
common stock, par value $0.01 per share (the "Shares"), of Reckson Associates
Realty Corp. (the "Issuer"). The Issuer has its principal executive offices at
625 Reckson Plaza, Uniondale, New York 11556..
Item 2. Identity and Background
(a) This Statement is being filed by Deutsche Bank Securities Inc. ("DBSI")
and Deutsche Bank AG ("Deutsche Bank", together with DBSI, the "Reporting
Persons" and each, a "Reporting Person"). A joint filing agreement has been
filed as Exhibit 1 to this Statement pursuant to Rule 13d-1(k) promulgated under
the Securities Exchange Act of 1934, as amended (the "Exchange Act").
DBSI is a corporation organized under the laws of Delaware, and is a
wholly-owned subsidiary of DB US Financial Markets Holding Corporation
("DBUSFM"). DBUSFM is a wholly-owned subsidiary of Deutsche Bank Americas
Holding Corporation, a wholly-owned subsidiary of Taunus Corporation, which in
turn is a wholly-owned subsidiary of Deutsche Bank. Deutsche Bank is organized
under the laws of the Federal Republic of Germany. The securities acquired by
Deutsche Bank covered by this Statement were acquired through the London Branch
of Deutsche Bank, which is licensed by the United Kingdom banking authority.
(b) The address of the principal place of business of Deutsche Bank is
Taunusanlage 12, 60325 Frankfurt, Federal Republic of Germany. The address of
the principal office of DBSI is 60 Wall Street, New York, New York 10005.
(c) and (f) The principal business of the Reporting Persons and the name,
business address, principal occupation or employment and citizenship of each of
the executive officers, directors, controlling persons and trustees, as
applicable of each of the Reporting Persons and each corporation and other
person ultimately in control of the Reporting Persons are set forth on Schedule
1 to this Statement which is incorporated herein.
Set forth on Schedule 1 to this Statement, and incorporated herein by
reference, is a list of the executive officers and directors of each of Deutsche
Bank and DBSI that contain the following information with respect to each such
person: (i) name; (ii) business address; (iii) present principal occupation or
employment and the name and business address of each corporation or organization
in which each such employment is conducted; and (iv) citizenship.
(d) and (e) During the last five years, none of the Reporting Persons and,
to the best knowledge of the Reporting Persons, none of the persons named on
Schedule 1 to this Statement has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or has been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
as a result of which such person was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The source of the funds for the purchase of the Shares was working
capital of the Reporting Persons.
Item 4. Purpose of Transaction
All of the Shares reported herein as having been acquired or disposed of
were from the accounts of Deutsche Bank AG, London Branch and DBSI and were
acquired or disposed of as part of their proprietary trading activities or in
order to hedge its exposure to certain derivative contracts entered into with
its clients.
On October 30, 2006 the total number of Shares that may have been deemed
beneficially owned by the Reporting Persons exceeded 5% of the total number of
Shares outstanding. The Reporting Persons qualify as institutions that may
file securities ownership reports required by the Securities Exchange Act on
Schedule 13G. The Issuer entered into an Agreement and Plan of Merger, dated as
of August 3, 2006, by and between the Issuer and SL Green
Realty Corp. Deutsche Bank acquired Shares held in an arbitrage account
subsequent to the announcement of the merger As a result, under interpretations
of the Staff of the Securities and Exchange Commission, Deutsche Bank may be
deemed to have purchased the Shares with the purpose of, or with the effect of,
changing or influencing control of the Issuer, in connection with the proposed
merger and the Reporting Persons are therefore filing this report on Schedule
13D.
The Reporting Persons reserve the right to acquire, or cause to be
acquired, additional securities of the Issuer or derivatives or other
instruments related thereto, to dispose of, or cause to be disposed, such
securities, derivatives or other instruments at any time and to formulate other
purposes, plans or proposals regarding the Issuer or any of its securities, to
the extent deemed advisable in light of general investment and trading policies
of the Reporting Persons, market conditions or other factors. Except as set
forth herein, the Reporting Persons do not have any plans or proposals at this
time that relate to or would result in any of the transactions described in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a) and (b) According to information filed by the Issuer with the Securities
and Exchange Commission in its Form 10-Q for the quarter ended June 30,
2006, the number of Shares outstanding was 83,251,419 as of August 7,2006. As
of October 30, 2006, the reporting Person may have been deemed the beneficial
owner of 4,227,128 Shares (approximately 5.6% of the total number of Shares
outstanding).
As of October 30, 2006
Deutsche Bank AG,~London Branch 3,630,020
Deutsche Bank AG,~London Branch (arbitrage) 583,334
Deutsche Bank Securities Inc. 13,774
As of November 24 2006, Deutsche Bank sold 154,255 Shares, reducing the
total number of Shares for which it may be deemed the beneficial owner to
4,072,873 Shares as of that date, or approximately 4.86% of the total number of
shares outstanding.
As of November 24, 2006
Deutsche Bank AG,~London Branch 3,397,686
Deutsche Bank AG,~London Branch (arbitrage) 673,000
Deutsche Bank Securities Inc. 2,187
(c) Transactions by the Reporting Person in the Shares effected during the
past sixty days are set forth in Schedule 2 to this Schedule 13D, which is
incorporated by reference herein.
(d) Not applicable.
(e) As November 24 2006, Deutsche Bank sold 154,255 Shares, reducing the
total number of Shares for which it may be deemed the beneficial owner to
4,072,873 Shares, or approximately 4.86 % of the total number of shares
outstanding, and therefore the Reporting Person ceased to be the owner of
greater than 5% of the total number of Shares outstanding on that date.
Item 6. Contracts, Arrangements, Understandings, or Relationships with
Respect to Securities of the Issuer
From time to time, the Reporting Persons may lend, pledge or enter into
repurchase transactions relating to portfolio securities, including the Shares,
to and with brokers, banks or other financial institutions. From time to time,
to the extent permitted by applicable laws, the Reporting Person may borrow
securities, including the Shares, for the purpose of effecting, and may effect,
short sale transactions, and may purchase securities for the purpose of closing
out short positions in such securities.
Except as set forth above, the Reporting Persons does not have any
contracts, arrangements, understandings or relationships with respect to any
securities of the Issuer.
Item 7. Material to be Filed as Exhibits
Attached as Exhibit 1 to this Statement is the Joint Filing Agreement
dated November 27, 2006, between Deutsche Bank AG and Deutsche Bank Securities
Inc.
SIGNATURES
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 as of November 27, 2006
DEUTSCHE BANK AG
By: /s/ Jeffrey A. Ruiz
--------------------------
Name: Jeffrey A. Ruiz
Title: Vice President
DEUTSCHE BANK AG
By: /s/ Pasquale Antolino
--------------------------
Name: Pasquale Antolino
Title: Assistant Vice President
DEUTSCHE BANK SECURITIES INC.
By: /s/ Margaret Adams
--------------------------
Name: Margaret Adams
Title: Director
DEUTSCHE BANK SECURITIES INC.
By: /s/ Jeffrey A. Ruiz
--------------------------
Name: Jeffrey A. Ruiz
Title: Vice President
Schedule 1
Executive Officers, Directors, Controlling Persons and Trustees of
Deutsche Bank AG and each Person Ultimately in Control of Deutsche Bank AG
Deutsche Bank AG is organized under the laws of the Federal Republic of
Germany. The principal business of Deutsche Bank AG is the provision of
financial and related services. Deutsche Bank AG is the largest banking
institution in the Federal Republic of Germany and is the parent company of a
group consisting of banks, capital market and fund management companies,
mortgage banks and property finance companies, installment financing and leasing
companies, insurance companies, research and consultancy companies and other
companies. Deutsche Bank AG is organized under the laws of the Federal Republic
of Germany, and the address of its principal place of business is Taunusanlage
12, 60325 Frankfurt, Federal Republic of Germany.
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Name PRESENT PRINCIPAL OCCUPATION OR EMPLOYEMENT
BUSINESS ADDRESS
CITIZENSHIP
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Dr. Josef Ackermann Chairman of the Group Executive Committee and
Member of the Board of Managing Directors,
Deutsche Bank AG
Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt
The Federal Republic of Germany
Citizenship: Swiss
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Dr. Tessen von Heydebreck Member of the Board of Managing Directors,
Deutsche Bank AG
Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt
The Federal Republic of Germany
Citizenship: German
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Dr. Hermann-Josef Lamberti Member of the Board of Managing Directors,
Deutsche Bank AG
Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt
The Federal Republic of Germany
Citizenship: German
---------------------------- ---------------------------------------------------
Dr. Clemens Borsig Member of the Board of Managing Directors,
Deutsche Bank AG
Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt
The Federal Republic of Germany
Citizenship: German
---------------------------- ---------------------------------------------------
Executive Officers, Directors, Controlling Persons and Trustees of
Deutsche Bank Securities Inc.
Deutsche Bank Securities Inc. (DBSI) is registered with the SEC as a
broker-dealer and is a member of the NASD, SIPC, NYSE, and a number of other
securities self-regulatory organizations. In addition, DBSI is registered with
the CFTC as a futures commission merchant and is a member of the NFA, CME, and
several other futures self-regulatory organizations. DBSI is headquartered in
New York City and offers a full range of broker-dealer services, including sales
and trading expertise in equity and fixed income securities, derivatives and
structured products, portfolio trading, prime brokerage services, and research.
DBSI also assists investment banking clients with public and private offerings
in the equity and debt capital markets, and provides advisory services
in strategic areas such as mergers, acquisitions, and corporate restructurings.
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Name PRESENT PRINCIPAL OCCUPATION OR EMPLOYEMENT
BUSINESS ADDRESS
CITIZENSHIP
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Mr. Seth Waugh Member of the Board of Directors, Chairman,
Deutsche Bank Securities
60 Wall Street
New York, New York, 10005
Citizenship: US
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Mr. Stuart Clarke Member of the Board of Directors,
Deutsche Bank Securities
60 Wall Street
New York, New York, 10005
Citizenship: UK-British
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Mr. Thomas Gahan Member of the Board of Directors,
Deutsche Bank Securities
60 Wall Street
New York, New York, 10005
Citizenship: US
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Mr. Robert Karofsky Member of the Board of Directors,
Deutsche Bank Securities
60 Wall Street
New York, New York, 10005
Citizenship: US
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Mr. Mark Pfeffer Member of the Board of Directors,
Deutsche Bank Securities
60 Wall Street
New York, New York, 10005
Citizenship: US
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Mr. Philip Weingord Member of the Board of Directors,
Deutsche Bank Securities
60 Wall Street
New York, New York, 10005
Citizenship: US
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Schedule 2 - 60 Day Trade History
Deutsche Bank AG
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DATE BUY/SELL AMOUNT PRICE
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09/15/06 SELL 3,700 42.97
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09/15/06 BUY 167,200 43.20
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09/19/06 BUY 1,100 42.97
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09/20/06 BUY 2,800 43.31
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09/20/06 BUY 500,000 43.49
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09/21/06 BUY 110,400 42.96
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09/21/06 BUY 1,005,543 42.96
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09/27/06 BUY 100,000 42.88
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09/28/06 BUY 100 42.77
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09/28/06 BUY 37,000 42.76
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09/29/06 BUY 70,000 42.80
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09/29/06 BUY 100,000 42.79
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09/29/06 BUY 702,000 42.67
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10/02/06 BUY 127,400 43.02
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10/03/06 BUY 12,500 42.67
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10/04/06 BUY 2 42.79
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10/13/06 BUY 706 43.69
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10/16/06 BUY 39,100 43.75
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10/17/06 BUY 52,060 43.64
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10/17/06 BUY 12,000 43.71
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10/19/06 BUY 17,800 43.61
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10/20/06 BUY 32,700 43.56
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10/23/06 BUY 13 43.69
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10/23/06 BUY 13 43.69
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10/24/06 SELL 2 43.84
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10/24/06 SELL 2 43.84
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10/24/06 BUY 6,700 43.78
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10/25/06 BUY 23 43.99
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10/25/06 SELL 17 43.95
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10/25/06 BUY 23 43.99
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10/25/06 SELL 17 43.95
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10/25/06 BUY 400,000 43.92
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10/26/06 SELL 4 43.92
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10/26/06 SELL 4 43.92
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10/27/06 SELL 12 44.10
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10/27/06 SELL 12 44.10
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10/30/06 BUY 66 43.85
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10/30/06 BUY 66 43.85
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10/30/06 BUY 405,900 43.99
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10/31/06 SELL 121 43.96
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10/31/06 SELL 11 44.02
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10/31/06 SELL 121 43.96
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10/31/06 SELL 11 44.02
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11/01/06 SELL 209 44.12
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11/01/06 BUY 12 44.17
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11/01/06 BUY 12 44.17
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11/02/06 SELL 10,231 43.97
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11/03/06 BUY 16 43.62
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11/03/06 BUY 16 43.62
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11/03/06 BUY 3,140 43.59
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11/07/06 BUY 100,000 43.56
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11/09/06 SELL 28 43.87
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11/09/06 SELL 28 43.87
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11/09/06 BUY 8,800 43.57
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11/09/06 BUY 8,800 43.57
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11/10/06 BUY 4 44.05
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11/10/06 BUY 49 44.06
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11/10/06 SELL 1 43.93
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11/10/06 SELL 1 43.93
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11/10/06 SELL 8,800 43.57
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11/10/06 BUY 14,400 43.98
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11/10/06 BUY 236,300 44.12
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11/10/06 BUY 84,000 43.94
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11/13/06 BUY 46 44.17
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11/13/06 BUY 140 44.26
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11/13/06 BUY 113 44.14
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11/13/06 BUY 113 44.14
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11/14/06 BUY 205 44.66
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11/14/06 BUY 12,300 44.73
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11/15/06 SELL 221 44.63
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11/15/06 BUY 106 44.62
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11/16/06 BUY 685 47.98
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11/16/06 BUY 649 47.98
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11/16/06 BUY 649 47.98
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11/16/06 BUY 100,000 47.82
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11/16/06 SELL 26,000 46.85
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11/16/06 SELL 17,600 47.82
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11/16/06 SELL 36,000 47.89
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11/17/06 SELL 264 48.22
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11/17/06 SELL 266 48.22
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11/17/06 SELL 266 48.22
--------------------------------------------------------------------------------
11/17/06 SELL 650,000 48.22
--------------------------------------------------------------------------------
11/17/06 BUY 225,000 47.93
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11/20/06 SELL 118,300 48.47
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11/20/06 BUY 24 48.40
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11/20/06 SELL 70 48.30
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11/20/06 BUY 24 48.40
--------------------------------------------------------------------------------
11/20/06 SELL 84 48.35
--------------------------------------------------------------------------------
11/21/06 SELL 74,600 48.83
--------------------------------------------------------------------------------
11/21/06 BUY 39 48.72
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11/21/06 SELL 77 48.37
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11/21/06 BUY 39 48.72
--------------------------------------------------------------------------------
11/22/06 SELL 190,000 48.85
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11/22/06 BUY 40 48.85
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11/24/06 SELL 67,100 48.89
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11/24/06 SELL 74 48.38
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11/27/06 BUY 18 48.86
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, each of the persons named below agrees to the joint filing of
a Statement on Schedule 13D (including amendments thereto) with respect to the
Common Stock, of Reckson Associates Realty Corporation and further agrees that
this Joint Filing Agreement be included as an exhibit to such filings provided
that, as contemplated by Section 13d-1(k)(ii), no person shall be responsible
for the completeness or accuracy of the information concerning the other persons
making the filing, unless such person knows or has reason to believe that such
information is inaccurate. This Joint Filing Agreement may be executed in any
number of counterparts, all of which together shall constitute one and the same
instrument.
Dated as of November 27, 2006
DEUTSCHE BANK AG
By: /s/ Jeffrey A. Ruiz
--------------------------
Name: Jeffrey A. Ruiz
Title: Vice President
DEUTSCHE BANK AG
By: /s/ Pasquale Antolino
--------------------------
Name: Pasquale Antolino
Title: Assistant Vice President
DEUTSCHE BANK SECURITIES INC.
By: /s/ Margaret Adams
--------------------------
Name: Margaret Adams
Title: Director
DEUTSCHE BANK SECURITIES INC.
By: /s/ Jeffrey A. Ruiz
--------------------------
Name: Jeffrey A. Ruiz
Title: Vice President