SC 13D/A 1 sc13dadollar010904.txt SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 3) Dollar Thrifty Automotive Group, Inc. ------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------- (Title of Class of Securities) 256743105 --------- (CUSIP Number) Louis Freeman, Esq. Richard Rubin, Esq. Skadden, Arps, Slate, Meagher & Flom Jenkens & Gilchrist Parker Chapin LLP 333 West Wacker Drive 405 Lexington Avenue Chicago, Illinois 60606 New York, New York 10174 312-407-0650 212-704-6130 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 9, 2004 -------------------------------------------------------------------------------- (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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ] Page 1 of 9 CUSIP No. 256743105 13D -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). The Carmel Trust -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Source of Funds: N/A -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Governed by the laws of Canada -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares Bene- ------------------------------------------------------ ficially Owned 8. Shared Voting Power 1,426,200 By Each ------------------------------------------------------ Reporting 9. Sole Dispositive Power 0 Person With ------------------------------------------------------ 10. Shared Dispositive Power 1,426,200 -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,426,200 -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 5.76% -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO -------------------------------------------------------------------------------- Page 2 of 8 CUSIP No. 256743105 13D -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). DTI Investments, LLC -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Source of Funds: AF -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares Bene- ------------------------------------------------------ ficially Owned 8. Shared Voting Power 153,600 By Each ------------------------------------------------------ Reporting 9. Sole Dispositive Power 0 Person With ------------------------------------------------------ 10. Shared Dispositive Power 153,600 -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 153,600 -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 0.62% -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO -------------------------------------------------------------------------------- Page 3 of 8 CUSIP No. 256743105 13D -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Carmel Holding Co. -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Source of Funds: AF -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Cayman Islands -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares Bene- ------------------------------------------------------ ficially Owned 8. Shared Voting Power 1,272,600 By Each ------------------------------------------------------ Reporting 9. Sole Dispositive Power 0 Person With ------------------------------------------------------ 10. Shared Dispositive Power 1,272,600 -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,272,600 -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 5.14% -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO -------------------------------------------------------------------------------- Page 4 of 8 CUSIP No. 256743105 13D -------------------------------------------------------------------------------- PRELIMINARY NOTE This Amendment No. 3 ("Amendment No. 3") amends the original statement on Schedule 13D filed on October 22, 2001 (the "Original Statement"), as amended by Amendment No. 1 filed on October 28, 2002 and Amendment No. 2 filed on November 4, 2002 by The Carmel Trust ("Carmel"), DTI Investments, LLC ("DTI") and Carmel Holding Co. ("CHC" and collectively with Carmel and DTI, the "Reporting Persons"). The Original Statement, as amended by Amendment No. 1, Amendment No. 2 and this Amendment No. 3, is referred to collectively as the "Statement." Notwithstanding the foregoing, the filing of the Statement should not be deemed an admission that the Reporting Persons comprise a group within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended, and Rule 13d-5 thereunder. This Amendment No. 3 is being filed to, among other things, report an over one percent change in the beneficial ownership of the Reporting Persons, in the aggregate, of the Common Stock, $.01 par value (the "Common Stock"), of Dollar Thrifty Automotive Group, Inc., a Delaware corporation (the "Company"). This Amendment No. 3 amends Items 5 and 7 of the Statement to read as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) The Reporting Persons may be deemed a group within the meaning of Rule 13d-5 under the Exchange Act and, therefore, each of the Reporting Persons may be deemed to be the beneficial owner, within the meaning of Rule 13d-3 under the Exchange Act, of all shares beneficially owned by each member of the group, or an aggregate of 1,426,200 shares of Common Stock. This constitutes 5.76% of the outstanding shares of Common Stock. (b) The following information concerns the nature of each Reporting Person's beneficial ownership of shares of Common Stock:

Page 5 of 8 CUSIP 256743105 13D -------------------------------------------------------------------------------- (c) The only transactions in the Common Stock by the Reporting Persons during the 60 day prior to the filing of this Amendment No. 3 were: The following transactions in the Common Stock were effected by CHC during such 60 day period:

The following transactions in the Common Stock were effected by DTI during such 60 day period:

(d) No other person is known to have the right to receive, or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of CommonStock beneficially owned by the Reporting Persons. (e) Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. EXHIBIT NO. DESCRIPTION ----------- ----------- 1 Joint Filing Agreement, dated January 13, 2004, pursuant to Rule 13d-1(k), among the Reporting Persons with respect to their joint filing of Amendment No. 3 to this statement. Page 6 of 8 CUSIP No. 256743105 13D -------------------------------------------------------------------------------- SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: January 13, 2004. THE CARMEL TRUST By: Chiltern Trustees Limited as Trustee of The Carmel Trust By: /s/ Paul Sewell ----------------------------------------------- Name: Paul Sewell Title: Director DTI INVESTMENTS, LLC By: /s/ Mark S. Hirsch ----------------------------------------------- Name: Mark S. Hirsch Title: Executive Vice President CARMEL HOLDING CO. By: /s/ Robert Smith ----------------------------------------------- Name: Robert Smith Title: Chairman Page 7 of 8 CUSIP No. 256743105 13D -------------------------------------------------------------------------------- Exhibit 1 Joint Filing Agreement Pursuant to Rule 13d-1(k)(1) of Regulation 13D-G under the Securities Exchange Act of 1934, as amended, we, the signatories of the statement on Schedule 13D to which this Agreement is an exhibit, do hereby agree that such statement is filed on behalf of each of us. Dated: January 13, 2004. THE CARMEL TRUST By: Chiltern Trustees Limited as Trustee of The Carmel Trust By: /s/ Paul Sewell ----------------------------------------------- Name: Paul Sewell Title: Director DTI INVESTMENTS, LLC By: /s/ Mark S. Hirsch ----------------------------------------------- Name: Mark S. Hirsch Title: Executive Vice President CARMEL HOLDING CO. By: /s/ Robert Smith ----------------------------------------------- Name: Robert Smith Title: Chairman Page 8 of 8

CARMEL TRUST SC 13D/A