UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

(Amendment No. 5)*

 

 

 

Philippine Long Distance Telephone Company

(Name of Issuer)

 

 

Common Capital Stock, 5 Philippine Pesos par value

(Title of Class of Securities)

 

 

718252109

(CUSIP Number)

 

 

Toshinari Kunieda

Senior Vice President-Managing Director-Global Business Department

NTT DoCoMo, Inc.

Sanno Park Tower

11-1, Nagata-cho 2-chome

Chiyoda-ku, Tokyo 100-6150

Japan

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

October 31, 2007

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 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 §§ 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).

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CUSIP No. 718252109		13D		Page 1

 

1		NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).               NTT DoCoMo, Inc.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  x (b)  ¨
3		SEC USE ONLY
4		SOURCE OF FUNDS               WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)		¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION               JAPAN

NUMBER OF   SHARES   BENEFICIALLY   OWNED BY   EACH   REPORTING   PERSON   WITH		7    SOLE VOTING POWER                   0
		8    SHARED VOTING POWER                   35,186,102
		9    SOLE DISPOSITIVE POWER                   0
		10    SHARED DISPOSITIVE POWER                   35,186,102

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               35,186,102
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES		¨
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)               18.7%
14		TYPE OF REPORTING PERSON               CO

 

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This Amendment No. 5 (this “Amendment No. 5”) amends the Schedule 13D (the “Schedule 13D”) filed with the Securities and Exchange Commission (the “SEC”) on February 10, 2006, as amended by Amendment No. 1 thereto filed with the SEC on April 18, 2007, Amendment No. 2 thereto filed with the SEC on June 28, 2007, Amendment No. 3 thereto filed with the SEC on August 1, 2007, and Amendment No. 4 thereto filed with the SEC on August 27, 2007 relating to the common capital stock, par value five Philippine Pesos (“Php”) per share (the “Common Shares”), of Philippine Long Distance Telephone Company, a corporation organized under the laws of the Philippines (the “Company” or “PLDT”). Unless specifically amended hereby, the disclosures set forth in the Schedule 13D (as amended) remain unchanged.

All capitalized terms used, but not defined, in this Amendment No. 5 are defined in the Schedule 13D (as amended). The summary descriptions (if any) contained herein of certain agreements and documents are qualified in their entirety by reference to the complete text of such agreements and documents filed as Exhibits hereto or incorporated herein by reference.

 

Item 3.

Source and Amount of Funds or Other Consideration

Item 3 of the Schedule 13D is hereby amended by adding the following paragraph:

From August 28, 2007 through October 31 2007, DoCoMo made open market purchases of Common Shares through the Philippine Stock Exchange and American Depositary Shares representing Common Shares through the New York Stock Exchange. Through these open market purchases, DoCoMo has acquired 2,003,317 shares (including 1,431,807 shares represented by American Depositary Shares) (the “Fifth Additional DoCoMo PLDT Shares”) representing approximately 1.0% of the outstanding capital stock of PLDT. All of the funds used to pay for the Fifth Additional DoCoMo PLDT Shares were from DoCoMo’s available cash resources.

 

Item 4.

Purpose of Transaction

Item 4 of the Schedule 13D is hereby amended by adding the following paragraphs:

DoCoMo is acquiring the Fifth Additional DoCoMo PLDT Shares for the same purposes as those described in this Item 4 with respect to its acquisition of the DoCoMo PLDT Shares.

Upon the acquisition of the Fifth Additional DoCoMo PLDT Shares, DoCoMo will beneficially own, in the aggregate, approximately 18.7%, of which DoCoMo directly owns approximately 12.0%, of the voting power attached to the outstanding Common Shares.

Following the acquisition of the Fifth Additional DoCoMo PLDT Shares, if DoCoMo deems market and other conditions as favorable, or if it otherwise decides, DoCoMo may increase its ownership of the Company’s equity securities through open market purchases, negotiated purchases, or other transactions, up to the limitation of 21% of the Common Shares issued and outstanding as described in this Item 4. However, if DoCoMo does not deem market and other conditions as favorable or if it otherwise decides, it may not do so.

 

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Item 5.

Interest in Securities of the Issuer

Paragraphs (a) and (b) of Item 5 of the Schedule 13D are hereby amended and restated as follows:

(a) By virtue of NTT’s ownership of all of the outstanding capital stock of NTTC and a majority of the common stock of DoCoMo and the terms of the Stock Sale and Purchase Agreement (applicable to the DoCoMo PLDT Shares) and the Co-Operation Agreement (applicable to the DoCoMo PLDT Shares, the Additional DoCoMo PLDT Shares and the Second Additional DoCoMo PLDT Shares), NTT, NTTC and DoCoMo constitute a “group” within the meaning of section 13(d)(3) of the Securities Exchange Act of 1934 and therefore, DoCoMo may be deemed to have acquired beneficial ownership of the 35,186,102 Common Shares, in aggregate, beneficially held by NTTC and DoCoMo, of which DoCoMo directly owns 22,552,615 Common Shares. Given the terms of the Shareholders Agreement and the Co-Operation Agreement (as described in the Schedule 13D), NTTC and DoCoMo and the other parties to the Strategic Agreement, the Shareholders Agreement and the Co-Operation Agreement might be deemed to constitute a “group”. However, DoCoMo disclaims that it has agreed to act as a group with any parties to the Strategic Agreement, the Shareholders Agreement or the Co-Operation Agreement other than NTTC (other than to the extent provided in the Shareholders Agreement and the Co-Operation Agreement) and DoCoMo disclaims beneficial ownership of the Common Shares other than the amounts of shares reported herein.

(b) As the registered owner, DoCoMo has the shared power to vote or dispose or to direct the vote or disposition of the 35,186,102 Common Shares beneficially owned by NTTC and DoCoMo, of which DoCoMo directly owns 22,552,615 Common Shares. By virtue of its ownership of a majority of the issued and outstanding capital stock of DoCoMo, NTT has the power to direct the voting or disposition of the Common Shares beneficially owned by DoCoMo.

Paragraph (c) of Item 5 of the Schedule 13D is hereby amended by adding the following paragraphs:

(c) As of the filing date of this Amendment No. 5, except for the acquisition of the Fifth Additional DoCoMo PLDT Shares as described in Item 3, neither DoCoMo, nor to its knowledge, any of its directors or executive officers has effected any transaction in the Common Shares during the past sixty days. The following table sets forth, for the open market purchases by DoCoMo described in Item 3, the dates of such open market purchases, the numbers of Fifth Additional DoCoMo PLDT Shares purchased, the prices per share (rounded to the nearest one U.S. cent or one Philippine centavo) of such purchases and the exchange through which such open market purchases were effected (the open market purchases made through the New York Stock Exchange were for American Depositary Shares of PLDT, each representing one Common Share):

 

Date of Purchase		Number of Shares Purchased		Price per share			Exchange
Fifth Additional DoCoMo PLDT Shares:
08/28/2007		112,000		US$	55.88		New York Stock Exchange
08/29/2007		30,000		US$	56.55		New York Stock Exchange
08/29/2007		48,700		PhP	2,572.33		Philippine Stock Exchange
08/30/2007		68,170		PhP	2,649.71		Philippine Stock Exchange
08/31/2007		3,270		PhP	2,650.00		Philippine Stock Exchange
09/05/2007		91,800		US$	57.85		New York Stock Exchange
09/06/2007		88,800		US$	58.05		New York Stock Exchange
09/06/2007		5,970		PhP	2,697.93		Philippine Stock Exchange
09/07/2007		133,936		US$	57.69		New York Stock Exchange
09/07/2007		40,880		PhP	2,699.96		Philippine Stock Exchange
09/10/2007		135,499		US$	57.46		New York Stock Exchange
09/10/2007		55,710		PhP	2,685.51		Philippine Stock Exchange
09/11/2007		136,028		US$	57.11		New York Stock Exchange
09/11/2007		80,820		PhP	2,671.27		Philippine Stock Exchange
09/12/2007		72,000		US$	57.52		New York Stock Exchange
09/12/2007		9,000		PhP	2,676.11		Philippine Stock Exchange
09/13/2007		136,646		US$	57.98		New York Stock Exchange
09/13/2007		82,330		PhP	2,680.00		Philippine Stock Exchange
09/14/2007		42,500		US$	57.97		New York Stock Exchange
09/14/2007		12,030		PhP	2,690.00		Philippine Stock Exchange
09/17/2007		31,276		US$	58.13		New York Stock Exchange
09/17/2007		85,690		PhP	2,693.29		Philippine Stock Exchange
10/24/2007		48,353		US$	67.98		New York Stock Exchange
10/25/2007		126,301		US$	68.02		New York Stock Exchange
10/30/2007		124,056		US$	68.05		New York Stock Exchange
10/31/2007		122,612		US$	68.32		New York Stock Exchange
10/31/2007		78,940		PhP	2998.47		Philippine Stock Exchange

        The aggregate purchase price for the open market purchases through the Philippine Stock Exchange was Php 1,551,128,667.18 for the Fifth Additional DoCoMo PLDT Shares. The aggregate purchase price for the open market purchases through the New York Stock Exchange was US$ 86,742,749.67 for the Fifth Additional DoCoMo PLDT Shares.

 

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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: November 1, 2007