================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 17) --------------------------- PROLOGIS TRUST (Name of Issuer) COMMON SHARES OF BENEFICIAL INTEREST, PAR VALUE $0.01 PER SHARE 74310-10-2 (Title of class of securities) (CUSIP number) BRIAN T. MCANANEY, ESQ. GENERAL ELECTRIC CAPITAL CORPORATION 260 LONG RIDGE ROAD STAMFORD, CONNECTICUT 06927 (203) 357-4000 (Name, address and telephone number of person authorized to receive notices and communications) JULY 16, 2003 (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 Rule 13d-1(e), 13d-1(f) or 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 Rule 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 purposes of Section 18 of the Securities Exchange Act of 1934 (the "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.) (Continued on following pages) (Page 1 of 15 pages) ================================================================================ ---------------------------------- ------------------------------------- CUSIP number 743410-10-2 13D Page 2 of 15 Pages ---------------------------------- ------------------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: SECURITY CAPITAL GROUP INCORPORATED S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 36-3692698 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ] (B) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e): -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF MARYLAND ORGANIZATION: -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: NONE SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING --------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: NONE -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES: -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO -------------------------------------------------------------------------------- 2 ---------------------------------- ------------------------------------- CUSIP number 743410-10-2 13D Page 3 of 15 Pages ---------------------------------- ------------------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: SC CAPITAL INCORPORATED S.S. OR I.R.S. IDENTIFICATION NO. 74-2985638 OF ABOVE PERSON: -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ] (B) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: BK, OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] ------------------------------------------------------------- ------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEVADA -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: NONE SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING --------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY NONE REPORTING PERSON: -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES: -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO -------------------------------------------------------------------------------- 3 ---------------------------------- ------------------------------------- CUSIP number 743410-10-2 13D Page 4 of 15 Pages ---------------------------------- ------------------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: SC REALTY INCORPORATED S.S. OR I.R.S. IDENTIFICATION NO. 88-0330184 OF ABOVE PERSON: -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ] (B) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: BK, OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e): -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEVADA -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: NONE SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING --------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: NONE -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES: -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO -------------------------------------------------------------------------------- 4 ---------------------------------- ------------------------------------- CUSIP number 743410-10-2 13D Page 5 of 15 Pages ---------------------------------- ------------------------------------- ------------------------------------------------------------- ------------------ 1 NAME OF REPORTING PERSON: SECURITY CAPITAL OPERATIONS INCORPORATED S.S. OR I.R.S. IDENTIFICATION NO. 52-2146697 OF ABOVE PERSON: -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ] (B) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: BK, OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e): -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: MARYLAND -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: NONE SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING --------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY NONE REPORTING PERSON: -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES: -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO -------------------------------------------------------------------------------- 5 ---------------------------------- ------------------------------------- CUSIP number 743410-10-2 13D Page 6 of 15 Pages ---------------------------------- ------------------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: SECURITY CAPITAL WAREHOUSE DISTRIBUTION BUSINESS TRUST S.S. OR I.R.S. IDENTIFICATION NO. 74-2869170 OF ABOVE PERSON: -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ] (B) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: BK, OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e): ------------------------------------------------------------- ------------------ 6 CITIZENSHIP OR PLACE OF MARYLAND ORGANIZATION: -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: NONE SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING ---------------------------------- ---------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY NONE REPORTING PERSON: -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ] EXCLUDES CERTAIN SHARES: -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO -------------------------------------------------------------------------------- 6 ---------------------------------- ------------------------------------- CUSIP number 743410-10-2 13D Page 7 of 15 Pages ---------------------------------- ------------------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GE CAPITAL INTERNATIONAL HOLDINGS CORPORATION S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ] (B) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: BK, OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e): -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: NONE SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING --------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: NONE -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO -------------------------------------------------------------------------------- 7 ---------------------------------- ------------------------------------- CUSIP number 743410-10-2 13D Page 8 of 15 Pages ---------------------------------- ------------------------------------- -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL CORPORATION I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ] (B) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: BK, OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e): -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: NONE SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING --------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY NONE REPORTING PERSON: -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES: -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO -------------------------------------------------------------------------------- 8 ---------------------------------- ------------------------------------- CUSIP number 743410-10-2 13D Page 9 of 15 Pages ---------------------------------- ------------------------------------- -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL SERVICES, INC. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ] (B) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: NOT APPLICABLE -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e): -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: NONE SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING --------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE ----------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY NONE REPORTING PERSON: -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES: -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO -------------------------------------------------------------------------------- 9 ---------------------------------- ------------------------------------- CUSIP number 743410-10-2 13D Page 10 of 15 Pages ---------------------------------- ------------------------------------- -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC COMPANY I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [ ] (B) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: NOT APPLICABLE -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e): -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: NONE SHARES ------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: NONE OWNED BY ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: NONE REPORTING ------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: NONE -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY NONE REPORTING PERSON: -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES: -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% ------------------------------------------------------------- ------------------ 14 TYPE OF REPORTING PERSON: CO ------------------------------------------------------------- ------------------ 10 This Amendment No. 17 is filed by Security Capital Group Incorporated, a Maryland corporation ("Security Capital Group"), SC Capital Incorporated, a Nevada corporation ("SC Capital") and a wholly owned subsidiary of Security Capital Group, SC Realty Incorporated, a Nevada corporation ("SC-Realty") and a wholly owned subsidiary of SC Capital, Security Capital Operations Incorporated, a Maryland corporation ("Operations") and a wholly owned subsidiary of SC-Realty, Security Capital Warehouse Distribution Business Trust, a Maryland real estate investment trust and a subsidiary of Operations (f/k/a West Mixed-Use Realty Investors Trust) ("SC Warehouse Distribution Business Trust" and, together with Security Capital Group, "Security Capital"), General Electric Company, a New York corporation ("GE"), General Electric Capital Services, Inc., a Delaware corporation ("GECS") and a wholly owned subsidiary of GE, General Electric Capital Corporation, a Delaware corporation ("GECC") and a wholly owned subsidiary of GECS, and GE Capital International Holdings Corporation, a Delaware corporation ("GE Holdings" and, together with GE, GECS, GECC, Security Capital Group, SC Capital, SC-Realty, Operations and SC Warehouse Distribution Business Trust, the "Reporting Persons") and a wholly owned subsidiary of GECC and the parent corporation of Security Capital Group. This Amendment No. 17 amends the Schedule 13D originally filed by Security Capital Group, SECAP Realty Incorporated, Security Capital Group Incorporated, a Delaware corporation, and William D. Sanders, an individual, on March 11, 1994 (as previously amended, the "Schedule 13D"). This Amendment No. 17 relates to common shares of beneficial interest, par value $0.01 per share (the "Common Shares"), of ProLogis Trust, a Maryland real estate investment trust ("ProLogis"). Capitalized terms used herein without definition shall have the meanings ascribed thereto in the Schedule 13D, as amended. Item 5. INTEREST IN SECURITIES OF THE ISSUER On July 16, 2003, Security Capital entered into a secondary block trade agreement with UBS Securities LLC, pursuant to which Security Capital sold a total of 15,752,802 Common Shares, representing all Common Shares owned by the Reporting Persons, at a net price of $27.552 per share. The closing of the transaction is scheduled to occur on July 21, 2003. Following the closing of this transaction, the Reporting Persons will own no Common Shares. A copy of the secondary block trade agreement is filed as an exhibit to this Amendment No. 17. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The descriptions of the contracts, arrangements, understandings and relationships described above in the response to Item 5 are incorporated into this Item. 11 Item 7. MATERIALS TO BE FILED AS EXHIBITS Exhibit 9 Secondary Block Trade Agreement by and between Security Capital Warehouse Distribution Business Trust and UBS Securities LLC, dated July 16, 2003 12 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule 13D is true, complete and correct. Date: July 17, 2003 GENERAL ELECTRIC COMPANY By: /s/ KEVIN KORSH ------------------------ Name: Kevin Korsh Title: Attorney-in-fact GENERAL ELECTRIC CAPITAL SERVICES, INC. By: /s/ KEVIN KORSH ------------------------ Name: Kevin Korsh Title: Attorney-in-fact GENERAL ELECTRIC CAPITAL CORPORATION By: /s/ KEVIN KORSH ------------------------ Name: Kevin Korsh Title: Attorney-in-fact GE CAPITAL INTERNATIONAL HOLDINGS CORPORATION By: /s/ KEVIN KORSH ------------------------ Name: Kevin Korsh Title: Attorney-in-fact SECURITY CAPITAL GROUP INCORPORATED By: /s/ KEVIN KORSH ------------------------ Name: Kevin Korsh Title: Attorney-in-fact 13 SC CAPITAL INCORPORATED By: /s/ KEVIN KORSH ------------------------ Name: Kevin Korsh Title: Attorney-in-fact SC REALTY INCORPORATED By: /s/ KEVIN KORSH ------------------------ Name: Kevin Korsh Title: Attorney-in-fact SECURITY CAPITAL OPERATIONS INCORPORATED By: /s/ KEVIN KORSH ------------------------ Name: Kevin Korsh Title: Attorney-in-fact SECURITY CAPITAL WAREHOUSE DISTRIBUTION BUSINESS TRUST By: /s/ KEVIN KORSH ------------------------ Name: Kevin Korsh Title: Attorney-in-fact 14 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION ----------- ----------- Exhibit 9 Secondary Block Trade Agreement by and between Security Capital Warehouse Distribution Business Trust and UBS Securities LLC, dated July 16, 2003 15\