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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) WILLIS GROUP HOLDINGS LIMITED - -------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK, PAR VALUE $0.000115 PER SHARE - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) G96655 10 8 ------------------------------------------------------ (CUSIP NUMBER) FEBRUARY 15, 2002 ------------------------------------------------------ DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |_| Rule 13d-1(c) |X| Rule 13d-1(d) 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). SCHEDULE 13G - ----------------------------- ----------------------------- CUSIP NO. G96655 10 8 PAGE 2 OF 14 - ----------------------------- ----------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person: PROFIT SHARING (OVERSEAS), LIMITED PARTNERSHIP - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization ALBERTA, CANADA - -------------------------------------------------------------------------------- 5 Sole Voting Power NUMBER OF 77,750,683 SHARES ----------------------------------------------------------- 6 Shared Voting Power BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------- 7 Sole Dispositive Power REPORTING 77,750,683 PERSON ----------------------------------------------------------- 8 Shared Dispositive Power WITH 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 77,750,683 - -------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 52.9% - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- SCHEDULE 13G - ----------------------------- ----------------------------- CUSIP NO. G96655 10 8 PAGE 3 OF 14 - ----------------------------- ----------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person: KKR ASSOCIATES 1996 FUND (OVERSEAS), LIMITED PARTNERSHIP - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization ALBERTA, CANADA - -------------------------------------------------------------------------------- 5 Sole Voting Power NUMBER OF 77,750,683 SHARES ----------------------------------------------------------- 6 Shared Voting Power BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------- 7 Sole Dispositive Power REPORTING 77,750,683 PERSON ----------------------------------------------------------- 8 Shared Dispositive Power WITH 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 77,750,683 - -------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 52.9% - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- SCHEDULE 13G - ----------------------------- ----------------------------- CUSIP NO. G96655 10 8 PAGE 4 OF 14 - ----------------------------- ----------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person: KKR ASSOCIATES II (1996), LIMITED PARTNERSHIP - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization CAYMAN ISLANDS - -------------------------------------------------------------------------------- 5 Sole Voting Power NUMBER OF 77,750,683 SHARES ----------------------------------------------------------- 6 Shared Voting Power BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------- 7 Sole Dispositive Power REPORTING 77,750,683 PERSON ----------------------------------------------------------- 8 Shared Dispositive Power WITH 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 77,750,683 - -------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 52.9% - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- SCHEDULE 13G - ----------------------------- ----------------------------- CUSIP NO. G96655 10 8 PAGE 5 OF 14 - ----------------------------- ----------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person: KKR 1996 OVERSEAS, LIMITED - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization CAYMAN ISLANDS - -------------------------------------------------------------------------------- 5 Sole Voting Power NUMBER OF 77,750,683 SHARES ----------------------------------------------------------- 6 Shared Voting Power BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------- 7 Sole Dispositive Power REPORTING 77,750,683 PERSON ----------------------------------------------------------- 8 Shared Dispositive Power WITH 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 77,750,683 - -------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_ - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 52.9% - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- SCHEDULE 13G ITEM 1(a). NAME OF ISSUER: Willis Group Holdings Limited ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: Ten Trinity Square London EC3P 3AX England ITEM 2(a). NAME OF PERSONS FILING: Profit Sharing (Overseas), Limited Partnership KKR 1996 Fund (Overseas), Limited Partnership KKR Associates II (1996), Limited Partnership KKR 1996 Overseas, Limited ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: KKR Overseas, Limited Ugland House P.O. Box 309 George Town, Grand Cayman Cayman Islands ITEM 2(c). CITIZENSHIP: Alberta, Canada: Profit Sharing (Overseas), Limited Partnership, KKR 1996 Fund (Overseas), Limited Partnership Cayman Islands: KKR Associates II (1996), Limited Partnership KKR 1996 Overseas, Limited ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.00015 per share ITEM 2(e). CUSIP NUMBER: G96655 10 8 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) |_| Broker or dealer registered under Section 15 of the Exchange Act. (Page 6 of 14) (b) |_| Bank as defined in section 3(a)(6) of the Exchange Act. (c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) |_| Investment company registered under Section 8 of the Investment Company Act. (e) |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) |_| A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) |_| A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J); If this statement is filed pursuant to Rule 13d-1(c), check this box. |_| ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned Shares shown as beneficially owned by KKR 1996 Overseas, Limited are owned of record by Profit Sharing (Overseas), Limited Partnership. KKR 1996 Overseas, Limited is the general partner of KKR Associates II (1996), Limited Partnership, which is the general partner of KKR 1996 Fund (Overseas), Limited Partnership, which is the general partner of Profit Sharing (Overseas), Limited Partnership, which owns 77,750,683 shares of common stock. Messrs. Henry R. Kravis, George R. Roberts, Robert I. McDonnell, Paul E. Raether, Michael W. Michelson, James H. Greene, Jr., Michael T. Tokarz, Edward A. Gilhuly, Perry Golkin, Scott M. Stuart and Todd A. Fisher as members of KKR 1996 Overseas, Limited, may be deemed to share beneficial ownership of any shares beneficially owned by KKR 1996 Overseas, Limited but disclaim such beneficial ownership. Scott C. Nuttall is a director and an executive of Kohlberg Kravis Roberts & Co. L.P. Mr. Nuttall is also a limited partner of KKR Associates II (1996), Limited Partnership. Mr. Nuttall disclaims beneficial ownership of any of our shares beneficially owned by Kohlberg Kravis Roberts & Co. L.P. and KKR Associates II (1996), Limited (Page 7 of 14) Partnership. The amounts owned by Messrs. Golkin, Fisher and Nuttall include 34,000, 8,000 and 3,000 shares respectively. (b) Percent of Class See Item 11 of each cover page, which is based upon Item 5 of each cover page. See Item 4(a). (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote See Item 5 of each cover page. (ii) shared power to vote or to direct the vote See Item 6 of each cover page. (iii) sole power to dispose or to direct the disposition of See Item 7 of each cover page. (iv) shared power to dispose or to direct the disposition of See Item 8 of each cover page. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. (Page 7 of 14) ITEM 10. CERTIFICATIONS. Not applicable. (Page 9 of 14) 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. PROFIT SHARING (OVERSEAS), LIMITED PARTNERSHIP By: KKR 1996 Fund (Overseas), Limited Partnership, general partner By: KKR Associates II (1996), Limited Partnership, general partner By: KKR 1996 Overseas, Limited, general partner By: /s/ William J. Janetschek ----------------------------------- Name: William J. Janetschek Title: Attorney-in-fact for Perry Golkin KKR 1996 FUND (OVERSEAS), LIMITED PARTNERSHIP By: KKR Associates II (1996), Limited Partnership, general partner By: KKR 1996 Overseas, Limited, general partner By: /s/ William J. Janetschek ----------------------------------- Name: William J. Janetschek Title: Attorney-in-fact for Perry Golkin KKR ASSOCIATES II (1996), LIMITED PARTNERSHIP By: KKR 1996 Overseas, Limited, general partner By: /s/ William J. Janetschek ----------------------------------- Name: William J. Janetschek Title: Attorney-in-fact for Perry Golkin (Page 10 of 14) KKR 1996 OVERSEAS, LIMITED By: /s/ William J. Janetschek ----------------------------------- Name: William J. Janetschek Title: Attorney-in-fact for Perry Golkin February 13, 2002 (Page 11 of 14) EXHIBITS Exhibit 1 - Joint Filing Agreement Exhibit 2 - Power of Attorney (already on file) (Page 12 of 14)
EXHIBIT 1 JOINT FILING AGREEMENT We, the signatories of the statement on Schedule 13G to which this Agreement is attached, hereby agree that such statement is, and any amendments thereto filed by any of us will be, filed on behalf of each of us. PROFIT SHARING (OVERSEAS), LIMITED PARTNERSHIP By: KKR 1996 Fund (Overseas), Limited Partnership, general partner By: KKR Associates II (1996), Limited Partnership, general partner By: KKR 1996 Overseas, Limited, general partner By: /s/ William J. Janetschek ----------------------------------- Name: William J. Janetschek Title: Attorney-in-fact for Perry Golkin KKR 1996 FUND (OVERSEAS), LIMITED PARTNERSHIP By: KKR Associates II (1996), Limited Partnership, general partner By: KKR 1996 Overseas, Limited, general partner By: /s/ William J. Janetschek ----------------------------------- Name: William J. Janetschek Title: Attorney-in-fact for Perry Golkin (Page 13 of 14) KKR ASSOCIATES II (1996), LIMITED PARTNERSHIP By: KKR 1996 Overseas, Limited, general partner By: /s/ William J. Janetschek ----------------------------------- Name: William J. Janetschek Title: Attorney-in-fact for Perry Golkin KKR 1996 OVERSEAS, LIMITED By: /s/ William J. Janetschek ----------------------------------- Name: William J. Janetschek Title: Attorney-in-fact for Perry Golkin February 13, 2002 (Page 14 of 14)