SC 13D/A 1 lvs-202106xxx13da.htm SC 13D/A Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
SCHEDULE 13D/A
(Amendment No. 9)
 
Under the Securities Exchange Act of 1934
 
LAS VEGAS SANDS CORP.
(Name of Issuer)
 
Common Stock, Par Value $0.001 Per Share
(Title of Class of Securities)
517834107
(CUSIP Number)
D. Zachary Hudson, Esq.
c/o Las Vegas Sands Corp.
3355 Las Vegas Boulevard South
Las Vegas, Nevada 89109
(702) 414-1000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 3, 2021
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.o
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
 
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 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. 517834107
 
SCHEDULE 13DPage 2 of 12
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 Estate of Sheldon G. Adelson1
2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  x
3SEC USE ONLY 
 
4
SOURCE OF FUNDS
 Not applicable
5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
  		o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH		7
SOLE VOTING POWER
 
67,246,6252
8
SHARED VOTING POWER
 
-0-
9
SOLE DISPOSITIVE POWER
 
67,246,6252
10
SHARED DISPOSITIVE POWER
 
-0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,246,6252
12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 8.8%1,2,3
14
TYPE OF REPORTING PERSON 
IN
  __________________________ 
1 Letters Testamentary with Full Authority Under the Independent Administration of Estates Act appointing Dr. Miriam Adelson as Executor of the Estate of Sheldon G. Adelson were issued by the District Court, Clark County, Nevada on June 3, 2021, notification of which issuance was received by Dr. Adelson on June 3, 2021. The Estate’s shares reflected herein are also included in the shares Dr. Adelson beneficially owns as reported on this Schedule 13D.
2 Includes options to purchase 694,738 shares of Common Stock held by the Estate of Sheldon G. Adelson that are exercisable.
3 Based upon a total of 763,989,752 shares of Common Stock outstanding on May 31, 2021 as provided by Issuer plus options to purchase 694,738 shares of Common Stock held by the Estate of Sheldon G. Adelson.


CUSIP No. 517834107
 
SCHEDULE 13DPage 3 of 12
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 Miriam Adelson1
2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  x
(b)  o
3SEC USE ONLY 
 
4
SOURCE OF FUNDS
 Not applicable
5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
  		o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 United States/Israel
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH		7
SOLE VOTING POWER
 
178,845,8851,2
8
SHARED VOTING POWER
 
2,208,548
9
SOLE DISPOSITIVE POWER
 
178,845,8851,2
10
SHARED DISPOSITIVE POWER
 
220,110,866
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
398,956,7511,2
12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52.2%1,2,3
14
TYPE OF REPORTING PERSON 
IN
  __________________________ 
1 Shares reflected for Dr. Miriam Adelson include shares held by the Estate of Sheldon G. Adelson, for which Dr. Adelson has been appointed Executor.
2 Includes options to purchase 694,738 shares of Common Stock held by the Estate of Sheldon G. Adelson that are exercisable.
3 Based upon a total of 763,989,752 shares of Common Stock outstanding on May 31, 2021 as provided by Issuer plus options to purchase 694,738 shares of Common Stock held by the Estate of Sheldon G. Adelson.


CUSIP No. 517834107
 
SCHEDULE 13DPage 4 of 12
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 Irwin Chafetz
2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  x
(b)  o
3SEC USE ONLY 
 
4
SOURCE OF FUNDS
 Not applicable
5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
  		o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH		7
SOLE VOTING POWER
 
252,084,034
8
SHARED VOTING POWER
 
2,208,548
9
SOLE DISPOSITIVE POWER
 
32,828,578
10
SHARED DISPOSITIVE POWER
 
221,460,866
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 254,292,582
12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 33.3%1
14
TYPE OF REPORTING PERSON 
IN
__________________________ 
1 Based upon a total of 763,989,752 shares of Common Stock outstanding on May 31, 2021 as provided by Issuer.


CUSIP No. 517834107
 
SCHEDULE 13DPage 5 of 12
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 General Trust under the Sheldon G. Adelson 2007 Remainder Trust
2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  x
(b)  o
3SEC USE ONLY 
 
4
SOURCE OF FUNDS
 Not applicable
5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
  		o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 Nevada
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH		7
SOLE VOTING POWER
 
87,718,919
8
SHARED VOTING POWER
 
-0-
9
SOLE DISPOSITIVE POWER
 
87,718,919
10
SHARED DISPOSITIVE POWER
 
-0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,718,919
12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 11.5%1
14
TYPE OF REPORTING PERSON 
OO
__________________________ 
1 Based upon a total of 763,989,752 shares of Common Stock outstanding on May 31, 2021 as provided by Issuer.



CUSIP No. 517834107
 
SCHEDULE 13DPage 6 of 12
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 General Trust under the Sheldon G. Adelson 2007 Friends and Family Trust
2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  x
(b)  o
3SEC USE ONLY 
 
4
SOURCE OF FUNDS
 Not applicable
5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
  		o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 Nevada
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH		7
SOLE VOTING POWER
 
87,718,918
8
SHARED VOTING POWER
 
-0-
9
SOLE DISPOSITIVE POWER
 
87,718,918
10
SHARED DISPOSITIVE POWER
 
-0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,718,918
12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 11.5%1
14
TYPE OF REPORTING PERSON 
OO
__________________________ 
1 Based upon a total of 763,989,752 shares of Common Stock outstanding on May 31, 2021 as provided by Issuer.


CUSIP No. 517834107
 
SCHEDULE 13DPage 7 of 12

Explanatory Note

This Amendment No. 9 to the Schedule 13D filed on November 24, 2008, as previously amended, is being filed to report the appointment of Dr. Miriam Adelson as the Executor of the Estate of Sheldon G. Adelson.
 
Item 1.Security and Issuer.
 
This Amendment No. 9 (this “Amendment”) amends the Schedule 13D filed on November 24, 2008, as previously amended by Amendment No. 1 thereto filed on January 16, 2009, Amendment No. 2 thereto filed on April 2, 2009, Amendment No. 3 thereto filed on November 18, 2011, Amendment No. 4 thereto filed on March 5, 2012, Amendment No. 5 thereto filed on June 9, 2014, Amendment No. 6 thereto filed on February 17, 2015, Amendment No. 7 thereto filed on February 13, 2019 and Amendment No. 8 thereto filed on February 26, 2021 (such Schedule 13D, as amended by Amendments No. 1, No. 2, No. 3, No. 4, No. 5, No. 6, No. 7 and No. 8 thereto, collectively, the “Schedule 13D”), which relates to the common stock, par value $0.001 per share (the “Common Stock”), of Las Vegas Sands Corp., a Nevada corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 3355 Las Vegas Boulevard South, Las Vegas, Nevada 89109. All items not described herein remain as previously reported in the Schedule 13D, and all capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Schedule 13D.

Dr. Miriam Adelson (“Dr. Adelson”), Irwin Chafetz (“Mr. Chafetz”), the General Trust under the Sheldon G. Adelson 2007 Remainder Trust (the “Remainder Trust”) and the General Trust under the Sheldon G. Adelson 2007 Friends and Family Trust (the “Friends and Family Trust” and, together with the Estate of Sheldon G. Adelson for which Dr. Adelson has been appointed Executor (the “Estate”), Dr. Adelson, Mr. Chafetz, and the Remainder Trust, the “Reporting Persons”), constitute a “group,” which, as of the date hereof, collectively beneficially own approximately 433,138,467 shares of Common Stock, or 56.6%, of the Issuer’s 763,989,752 shares of Common Stock issued and outstanding as of May 31, 2021 (the “Outstanding Common Stock”) for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934 plus options to purchase 694,738 shares of Common Stock held by the Estate.

Item 3.Source and Amount of Funds or Other Consideration.
 
Item 3 of the Schedule 13D is hereby amended by adding the text below to the end of Item 3 of the Schedule 13D.
  
Since the date of Amendment No. 8 to this Schedule 13D, there have been changes in beneficial ownership of shares of Common Stock by the individual Reporting Persons due to the death of Mr. Sheldon G. Adelson and transfer of shares of Common Stock held by trusts for the benefit of members of the Adelson family to the trusts for the benefit of members of the Adelson family. These changes did not affect the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons as a group.



CUSIP No. 517834107
 
SCHEDULE 13DPage 8 of 12

Item 5.Interest in Securities of the Issuer.
 
Item 5 of the Schedule 13D is hereby amended by the deletion of the text thereof in its entirety and its replacement with the following:
 
(a)
 
Incorporated herein by reference from Items 11 and 13 of the cover page of the applicable Reporting Person. In addition, each Reporting Person may be deemed to beneficially own the shares of Common Stock beneficially owned by the other Reporting Persons but disclaims such beneficial ownership. The beneficial ownership of all of the Reporting Persons together is 433,138,567 shares of Common Stock, or 56.7% of the shares of Common Stock issued and outstanding.

(b)
 
The Estate beneficially owns an aggregate of 67,246,625 shares of Common Stock (approximately 8.8% of the Outstanding Common Stock). Of these shares, (i) 66,551,887 shares are owned directly by the Estate and (ii) 694,738 shares are issuable upon the exercise of options held by the Estate that are exercisable currently.

The Estate has sole voting control over 67,246,625 shares of Common Stock, of which (i) 66,551,887 shares are owned directly by the Estate and (ii) 694,738 shares are issuable upon the exercise of options held by the Estate that are exercisable currently.

The Estate has sole dispositive control over 67,246,625 shares of Common Stock, of which (i) 66,551,887 shares are owned directly by the Estate and (ii) 694,738 shares are issuable upon the exercise of options held by the Estate that are exercisable currently.

Dr. Adelson beneficially owns an aggregate of 398,956,751 shares of Common Stock (approximately 52.2% of the Outstanding Common Stock). Of these shares, (i) 90,779,145 shares are owned directly by Dr. Adelson, (ii) 87,718,919 shares are held by the Remainder Trust, (iii) 87,718,918 shares are held by the Friends and Family Trust, (iv) 66,551,887 shares are owned directly by the Estate, (v) 694,738 shares are issuable upon the exercise of options held by the Estate that are exercisable currently and (vi) 65,493,144 shares are held by various entities as described below. Dr. Adelson was appointed Executor of the Estate on June 3, 2021. The Estate’s shares reflected herein are also included in the shares Dr. Adelson beneficially owns as reported on this Schedule 13D.

Dr. Adelson has sole voting control over 178,845,885 shares of Common Stock, of which (i) 90,779,145 shares are owned directly by Dr. Adelson, (ii) 66,551,887 shares are owned directly by the Estate, (iii) 694,738 shares are issuable upon the exercise of options held by the Estate that are exercisable currently, and (iv) 20,820,115 shares are held by various entities as described below.

Dr. Adelson is the trustee of a trust for the benefit of the Adelson Family which holds 3,000,000 shares of Common Stock. Dr. Adelson has sole voting and dispositive control of these shares of Common Stock.

Dr. Adelson has sole dispositive power over 178,845,885 shares of Common Stock, of which (i) 90,779,145 shares are owned directly by Dr. Adelson, (ii) 66,551,887 shares are owned directly by the Estate, (iii) 694,738 shares are issuable upon the exercise of options held by the Estate that are exercisable currently, and (iv) 20,820,115 shares are held by various entities as described below. Dr. Adelson has shared dispositive control over 220,110,866 shares of Common Stock, of which (i) 87,718,919 shares are held by the Remainder Trust, (ii) 87,718,918 shares are held by the Friends and Family Trust, and (iii) 44,673,029 shares are held by various entities as described below.  


CUSIP No. 517834107
 
SCHEDULE 13DPage 9 of 12

Dr. Adelson is manager of a limited liability company for the benefit of members of the Adelson family, which directly owns 12,566,710 shares of Common Stock. Dr. Adelson has sole voting and dispositive control of these shares of Common Stock.

Mr. Chafetz is deemed to beneficially own an aggregate of 254,292,582 shares of Common Stock (approximately 33.3% of the Outstanding Common Stock). Of these shares, (i) 80,161 shares are owned directly by Mr. Chafetz, (ii) 3,138 shares are unvested shares of restricted Common Stock owned directly by Mr. Chafetz, and (iii) 254,209,283 shares are held by various entities as described below, with respect to which he is deemed to have a beneficial interest by virtue of the interest and authority granted to him under the trust instruments or organizational documents, as applicable. Mr. Chafetz disclaims beneficial ownership of those shares of Common Stock not owned directly by him.

Mr. Chafetz has sole voting control over 252,084,034 shares of Common Stock, of which (i) 80,161 shares are owned directly by Mr. Chafetz, (ii) 3,138 shares are unvested shares of restricted Common Stock owned directly by Mr. Chafetz and (iii) 252,000,735 shares are held by various entities as described below. Mr. Chafetz has shared voting control over 2,208,548 shares of Common Stock.

Mr. Chafetz has sole dispositive control over 32,828,578 shares of Common Stock, of which (i) 80,161 shares are owned directly by Mr. Chafetz and (ii) 32,748,417 shares are held by various entities as described below. Mr. Chafetz has shared dispositive control over 221,460,866 shares of Common Stock, of which (i) 87,718,919 shares are held by the Remainder Trust, (ii) 87,718,918 shares are held by the Friends and Family Trust, and (iii) 46,023,029 shares are held by various entities as described below.

Dr. Adelson and Mr. Chafetz are co-trustees of the Remainder Trust. The Remainder Trust directly owns 87,718,919 shares of Common Stock (approximately 11.5% of the Outstanding Common Stock). Mr. Chafetz has the authority to vote the shares of Common Stock owned by this trust. Dr. Adelson and Mr. Chafetz share dispositive control over the shares of Common Stock owned by this trust.

Dr. Adelson and Mr. Chafetz are co-trustees of the Friends and Family Trust. The Friends and Family Trust directly owns 87,718,918 shares of Common Stock (approximately 11.5% of the Outstanding Common Stock). Mr. Chafetz has the authority to vote the shares of Common Stock owned by this trust. Dr. Adelson and Mr. Chafetz share dispositive control over the shares of Common Stock owned by this trust.

Dr. Adelson and Mr. Chafetz are co-trustees of several trusts for the benefit of members of the Adelson family. These trusts directly own 220,110,866 shares of Common Stock. Dr. Adelson and Mr. Chafetz share authority to vote 2,208,548 shares of Common Stock owned by these trusts. Mr. Chafetz has sole authority to vote 217,902,318 shares of Common Stock owned by these trusts. Dr. Adelson and Mr. Chafetz share dispositive control over the shares of Common Stock owned by these trusts.

Mr. Chafetz is trustee of several trusts for the benefit of members of the Adelson family. These trusts directly own 32,748,417 shares of Common Stock. Mr. Chafetz has the sole authority to vote the shares of Common Stock owned by these trusts. Mr. Chafetz has sole dispositive control over the Common Stock owned by these trusts.

Dr. Adelson is the trustee of several trusts for the benefit of members of the Adelson family. These trusts directly own 5,253,405 shares of Common Stock.
 


CUSIP No. 517834107
 
SCHEDULE 13DPage 10 of 12

Mr. Chafetz is a co-manager of a limited liability company for the benefit of members of the Adelson family, which directly owns 1,350,000 shares of Common Stock. Mr. Chafetz, as co-manager, shares dispositive control over these shares of Common Stock, and Mr. Chafetz has the sole authority to vote such shares. Mr. Chafetz disclaims beneficial ownership of these shares of Common Stock.
 
(c)
 
There have been no transactions in shares of Common Stock by the Reporting Persons within 60 days of the filing date of this Amendment to the Schedule 13D, except as follows:
 
(i)transfers of an aggregate of 5,689,900 shares of Common Stock for no consideration among one or more members of, or trusts for the benefit of, the Adelson family on March 15, 2021; and
(ii)transfers of an aggregate of 589,700 shares of Common Stock for no consideration among one or more members of, or trusts for the benefit of, the Adelson family on May 10, 2021.
 
(d)
 
Except as set forth above regarding the beneficiaries and trustees of the trusts disclosed herein, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities set forth above.
 



CUSIP No. 517834107
 
SCHEDULE 13DPage 11 of 12

Item 7.Material to be Filed as Exhibits.

 The documents filed as exhibits in the Schedule 13D are hereby incorporated by reference herein.
Exhibit No.Description
1.
2.
3.
4.
5.
6.
7.
8.






CUSIP No. 517834107
 
SCHEDULE 13DPage 12 of 12

SIGNATURE
 
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated:  June 8, 2021 
 

/s/ Miriam Adelson /s/ Miriam Adelson
ESTATE OF SHELDON G. ADELSONMIRIAM ADELSON
Name: Miriam Adelson
Title: Executor
 

 /s/ Irwin Chafetz
IRWIN CHAFETZ

THE GENERAL TRUST UNDER THE SHELDON G. ADELSON 2007 REMAINDER TRUST
THE GENERAL TRUST UNDER THE SHELDON G. ADELSON 2007 FRIENDS AND FAMILY TRUST
 
By: /s/ Miriam AdelsonBy: /s/ Irwin Chafetz
Name:Miriam AdelsonName:Irwin Chafetz
Title:TrusteeTitle:Trustee

[Signature page to Amendment No. 9 to Schedule 13D]