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OMB APPROVAL
UNITED STATES -------------------------
SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0145
Washington, D.C. 20549 Expires: October 31, 2002
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 8)*
ADMINISTAFF, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
00 7094105
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(CUSIP Number)
CAROL V. SCHWARTZ, ESQ.
AMERICAN EXPRESS COMPANY
40 WALL STREET
19 FLOOR/ 101B
NEW YORK, NEW YORK 10005
(917) 639-3298
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 5, 2002
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(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 'SS''SS' 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 'SS' 240.13d-7(b) 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).
Page 1 of 8
SCHEDULE 13D
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CUSIP No. 00 7094105
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
American Express Travel Related Services Company, Inc.
I.R.S. Identification No. 13-3133497
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[X]
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3
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4 SOURCE OF FUNDS*
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
5 [ ]
NA
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
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NUMBER OF SHARES 7 SOLE VOTING POWER
3,917,282
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 0
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PERSON 9 SOLE DISPOSITIVE POWER
WITH
3,917,282
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,917,282
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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)
12.85%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 2 of 8
This Amendment No. 8 (this "Amendment") amends and supplements the
Schedule 13D originally filed on February 6, 1998, as amended (the "Schedule"),
by American Express Travel Related Services Company, Inc. ("TRS") with respect
to the common stock, par value $0.01 per share (the "Common Stock"), of
Administaff, Inc, a Delaware corporation (the "Issuer"). All capitalized terms
used in this Amendment and not otherwise defined in this Amendment have the
meanings ascribed to such terms in the Schedule.
Items 3, 4, 5 and 6 of the Schedule are hereby amended and supplemented
by adding thereto the following:
On March 5, 2002 and November 7, 2001, respectively, TRS exercised
Warrants to purchase 526,271 and 263,729 shares of common stock at an exercise
price of $25.00 per share.
On August 29, 2001, August 30, 2001, August 31, 2001 and September 1,
2001, TRS sold 60,000, 20,000, 115,000 and 78,729 shares, respectively, at per
share purchase prices of $32.50, $32.16, $31.99 and $32.02, respectively. On
March 5, 2002, the Issuer purchased from TRS 526,271 shares at the purchase
price of $27.02 per share, such amount being the closing price of the Issuer's
common shares on the New York Stock Exchange Composite Tape on March 5, 2002.
The Issuer and TRS net settled the exercise of the 526,271 Warrants and the sale
by TRS of the shares underlying such Warrants to the Issuer, resulting in a
payment by the Issuer to TRS of $1,063,067.42.
Page 3 of 8
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement with respect
to American Express Travel Related Services Company, Inc. is true, complete and
correct.
Dated: April 4, 2002
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
By: /s/ Stephen P. Norman
________________________
Name: Stephen P. Norman
Title: Secretary
Page 4 of 8
APPENDIX A
AMERICAN EXPRESS COMPANY
LIST OF DIRECTORS AND OFFICERS
The following individuals are executive officers or directors
of American Express. Unless otherwise noted, each individual is a citizen of the
United States, and the business address of each executive officer of American
Express is American Express Tower, World Financial Center, 200 Vesey Street, New
York, New York 10285.
Name Title Principal Occupation and Address and
---- ----- ------------------------------------
Business of Employer
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Daniel F. Akerson Director Chairman and Chief Executive Officer
XO Communications, Inc.
1111 Sunset Hills Road, 5th Floor
Reston, Virginia 20190
Edwin L. Artzt Director Former Chairman of the Board and Chief
Executive Officer
The Proctor & Gamble Company
One Proctor & Gamble Plaza
Cincinnati, Ohio 45202-3315
Charlene Barshefsky Director Senior International Partner
Wilmer Cutler & Pickering
2445 M Street, N.W.
Washington, D.C. 20037
William G. Bowen Director President
The Andrew W. Mellon Foundation
140 East 62nd Street
New York, New York 10021
Kenneth I. Chenault Chairman, Chief Executive
Officer and Director
James M. Cracchiolo Group President--
Global Financial Services
Gary L. Crittenden Executive Vice President and
Chief Financial Officer
Peter R. Dolan Director Chairman and Chief Executive Officer
Bristol-Myers Squibb Company
345 Park Avenue
New York, N.Y. 10154-0037
Page 5 of 8
Ursula F. Fairbairn Executive Vice President,
Human Resources and
Quality
Edward P. Gilligan Group President--
Global Corporate Services
John D. Hayes Executive Vice President,
Global Advertising and
Brand Management
David C. House Group President--
Global Network and
Establishment Services and
Travelers Cheque Group
F. Ross Johnson Director Chairman and Chief Executive Officer
RJM Group
200 Galleria Parkway, N.W., Suite 970
Atlanta, Georgia 30339
Vernon E. Jordan, Jr. Director Senior Managing Director
Lazard Freres & Co. LLC
30 Rockefeller Plaza
New York, NY 10020
Alfred F. Kelly Jr. Group President--
U.S. Consumer and
Small Business Services
Jan Leschly Director Chairman and Chief Executive Officer
Care Capital LLC
Princeton Overlook I
100 Overlook Center and Route 1
Princeton, NJ 08540
Jonathan S. Linen Vice Chairman
Richard A. McGinn Director Partner
RRE Ventures
126 East 56th Street
New York, NY 10022
Louise M. Parent Executive Vice President and
General Counsel
Frank P. Popoff Director Former Chairman and
Chief Executive Officer
The Dow Chemical Company
2030 Dow Center
Midland, Michigan 48674
Page 6 of 8
Glen Salow Executive Vice President and
Chief Information Officer
Thomas Schick Executive Vice President--
Corporate Affairs and
Communications
Page 7 of 8
American Express Travel Related Services Company, Inc.
List of Directors and Officers
The following individuals are executive officers or directors of TRS.
Unless otherwise noted, each individual is a citizen of the United States, and
the business address of each executive officer of TRS, and of American Express
Company, is American Express Tower, World Financial Center, 200 Vesey Street,
New York, New York 10285.
Name Title Principal Occupation and Address and
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Business of Employer
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Kenneth I. Chenault Chairman, Chief Executive Chief Executive Officer
Officer and Director American Express Company
James M. Cracchiolo Group President--
Global Financial Services
Edward P. Gilligan Group President-- Group President--
Global Corporate Services Global Corporate Services
American Express Company
David C. House Group President--Global
Network and
Establishment Services and
Travelers Cheque Group
Alfred F. Kelly Jr. Group President-- Group President--
U.S. Consumer and U.S. Consumer and
Small Business Services Small Business Services
American Express Company
Jonathan S. Linen Director Vice Chairman
American Express Company
Louise M. Parent General Counsel and Director Executive Vice President and
General Counsel
American Express Company
Jay B. Stevelman Treasurer
Page 8 of 8
STATEMENT OF DIFFERENCES
The section symbol shall be expressed as...................................'SS'