Filing Details

Accession Number:
0001193125-24-067611
Form Type:
13G Filing
Publication Date:
2024-03-13 20:00:00
Filed By:
Bergstrom Edith H.
Company:
Adams Diversified Equity Fund Inc. (NYSE:ADX)
Filing Date:
2024-03-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Erik E. Bergstrom Charitable Remainder Trust 1,070,000 0 1,070,000 0 1,070,000 0.9%
Edith H. Bergstrom 1,195,000 0 1,195,000 0 1,195,000 1.0%
Edith H. Bergstrom Living Trust 125,000 0 125,000 0 125,000 0.1%
Erik E. and Edith H. Bergstrom Foundation 0 6,769,800 0 6,769,800 6,769,800 5.5%
Jennifer Benz 0 6,769,800 0 6,769,800 6,769,800 5.5%
Rodrigo Barillas 0 6,769,800 0 6,769,800 6,769,800 5.5%
Janet Greig 0 6,769,800 0 6,769,800 6,769,800 5.5%
Wylie Greig 0 6,769,800 0 6,769,800 6,769,800 5.5%
Filing

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 22)

 

 

Adams Diversified Equity Fund, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

006212104

(CUSIP Number)

December 31, 2023

(Date of Event Which Requires Filing of Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the 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).

 

 

 


CUSIP No. 006212104

 

 1   

 Names of reporting persons

 

 Erik E. Bergstrom Charitable Remainder Trust

 2  

 Check the appropriate box if a member of a group (see instructions)

 

 (a) ☐  (b) ☒

 3  

 SEC use only

 

 4  

 Citizenship or place of organization

 

 California

Number of

shares  beneficially 

owned by

each

reporting

person

with

   5   

 Sole voting power

 

 1,070,000

   6  

 Shared voting power

 

 0

   7  

 Sole dispositive power

 

 1,070,000

   8  

 Shared dispositive power

 

 0

 9   

 Aggregate amount beneficially owned by each reporting person

 

 1,070,000

10  

 Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

 ☐

11  

 Percent of class represented by amount in Row (9)

 

 0.9%

12  

 Type of reporting person (see instructions)

 

 OO

 

2


CUSIP No. 006212104

 

 1   

 Names of reporting persons

 

 Edith H. Bergstrom

 2  

 Check the appropriate box if a member of a group (see instructions)

 

 (a) ☐  (b) ☒

 3  

 SEC use only

 

 4  

 Citizenship or place of organization

 

 USA

Number of

shares  beneficially 

owned by

each

reporting

person

with

   5   

 Sole voting power

 

 1,195,000

   6  

 Shared voting power

 

 0

   7  

 Sole dispositive power

 

 1,195,000

   8  

 Shared dispositive power

 

 0

 9   

 Aggregate amount beneficially owned by each reporting person

 

 1,195,000

10  

 Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

 ☐

11  

 Percent of class represented by amount in Row (9)

 

 1.0%

12  

 Type of reporting person (see instructions)

 

 IN

 

3


CUSIP No. 006212104

 

 1   

 Names of reporting persons

 

 Edith H. Bergstrom Living Trust

 2  

 Check the appropriate box if a member of a group (see instructions)

 

 (a) ☐  (b) ☒

 3  

 SEC use only

 

 4  

 Citizenship or place of organization

 

 California

Number of

shares  beneficially 

owned by

each

reporting

person

with

   5   

 Sole voting power

 

 125,000

   6  

 Shared voting power

 

 0

   7  

 Sole dispositive power

 

 125,000

   8  

 Shared dispositive power

 

 0

 9   

 Aggregate amount beneficially owned by each reporting person

 

 125,000

10  

 Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

 ☐

11  

 Percent of class represented by amount in Row (9)

 

 0.1%

12  

 Type of reporting person (see instructions)

 

 OO

 

4


CUSIP No. 006212104

 

 1   

 Names of reporting persons

 

 Erik E. and Edith H. Bergstrom Foundation

 2  

 Check the appropriate box if a member of a group (see instructions)

 

 (a) ☐  (b) ☒

 3  

 SEC use only

 

 4  

 Citizenship or place of organization

 

 California

Number of

shares  beneficially 

owned by

each

reporting

person

with

   5   

 Sole voting power

 

 0

   6  

 Shared voting power

 

 6,769,800

   7  

 Sole dispositive power

 

 0

   8  

 Shared dispositive power

 

 6,769,800

 9   

 Aggregate amount beneficially owned by each reporting person

 

 6,769,800

10  

 Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

 ☐

11  

 Percent of class represented by amount in Row (9)

 

 5.5%

12  

 Type of reporting person (see instructions)

 

 OO

 

5


CUSIP No. 006212104

 

 1   

 Names of reporting persons

 

 Jennifer Benz

 2  

 Check the appropriate box if a member of a group (see instructions)

 

 (a) ☐  (b) ☒

 3  

 SEC use only

 

 4  

 Citizenship or place of organization

 

 USA

Number of

shares  beneficially 

owned by

each

reporting

person

with

   5   

 Sole voting power

 

 0

   6  

 Shared voting power

 

 6,769,800

   7  

 Sole dispositive power

 

 0

   8  

 Shared dispositive power

 

 6,769,800

 9   

 Aggregate amount beneficially owned by each reporting person

 

 6,769,800

10  

 Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

 ☐

11  

 Percent of class represented by amount in Row (9)

 

 5.5%

12  

 Type of reporting person (see instructions)

 

 IN

 

6


CUSIP No. 006212104

 

 1   

 Names of reporting persons

 

 Rodrigo Barillas

 2  

 Check the appropriate box if a member of a group (see instructions)

 

 (a) ☐  (b) ☒

 3  

 SEC use only

 

 4  

 Citizenship or place of organization

 

 USA

Number of

shares  beneficially 

owned by

each

reporting

person

with

   5   

 Sole voting power

 

 0

   6  

 Shared voting power

 

 6,769,800

   7  

 Sole dispositive power

 

 0

   8  

 Shared dispositive power

 

 6,769,800

 9   

 Aggregate amount beneficially owned by each reporting person

 

 6,769,800

10  

 Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

 ☐

11  

 Percent of class represented by amount in Row (9)

 

 5.5%

12  

 Type of reporting person (see instructions)

 

 IN

 

7


CUSIP No. 006212104

 

 1   

 Names of reporting persons

 

 Janet Greig

 2  

 Check the appropriate box if a member of a group (see instructions)

 

 (a) ☐  (b) ☒

 3  

 SEC use only

 

 4  

 Citizenship or place of organization

 

 USA

Number of

shares  beneficially 

owned by

each

reporting

person

with

   5   

 Sole voting power

 

 0

   6  

 Shared voting power

 

 6,769,800

   7  

 Sole dispositive power

 

 0

   8  

 Shared dispositive power

 

 6,769,800

 9   

 Aggregate amount beneficially owned by each reporting person

 

 6,769,800

10  

 Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

 ☐

11  

 Percent of class represented by amount in Row (9)

 

 5.5%

12  

 Type of reporting person (see instructions)

 

 IN

 

8


CUSIP No. 006212104

 

 1   

 Names of reporting persons

 

 Wylie Greig

 2  

 Check the appropriate box if a member of a group (see instructions)

 

 (a) ☐  (b) ☒

 3  

 SEC use only

 

 4  

 Citizenship or place of organization

 

 USA

Number of

shares  beneficially 

owned by

each

reporting

person

with

   5   

 Sole voting power

 

 0

   6  

 Shared voting power

 

 6,769,800

   7  

 Sole dispositive power

 

 0

   8  

 Shared dispositive power

 

 6,769,800

 9   

 Aggregate amount beneficially owned by each reporting person

 

 6,769,800

10  

 Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

 ☐

11  

 Percent of class represented by amount in Row (9)

 

 5.5%

12  

 Type of reporting person (see instructions)

 

 IN

 

9


Item 1

 

  (a)

Name of Issuer:

Adams Diversified Equity Fund, Inc. (formerly, The Adams Express Company)

 

  (b)

Address of Issuers Principal Executive Offices:

500 East Pratt Street, Suite 1300

Baltimore, MD 21202

 

Item 2

 

  (a)

Name of Persons Filing:

Erik E. Bergstrom Charitable Remainder Trust

Edith H. Bergstrom

Edith H. Bergstrom Living Trust

Erik E. and Edith H. Bergstrom Foundation

Jennifer Benz

Rodrigo Barillas

Janet Greig

Wylie Greig

 

  (b)

Address of Principal Business Office or, if none, Residence:

The business address of the Erik E. Bergstrom Charitable Remainder Trust, Edith H. Bergstrom and the Edith H. Bergstrom Living Trust is P.O. Box 126, Palo Alto, California 94302.

The business address of the Erik E. and Edith H. Bergstrom Foundation, Jennifer Benz, Rodrigo Barillas, Janet Greig and Wylie Greig is P.O. Box 520, Palo Alto, California 94302.

 

  (c)

Citizenship:

Reference is made to Item 4 of pages 2 - 9 of this Schedule 13G (this Schedule), which Items are incorporated by reference herein.

 

  (d)

Title of Class of Securities:

Common Stock.

 

  (e)

CUSIP Number: 006212104

 

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:

Not applicable.

 

10


Item 4.

Ownership

The following table specifies as of December 31, 2023 the number of shares of common stock as to which each person named in Item 2(a) has sole or shared power to vote or direct the vote or to dispose or direct the disposition, as well as the percentages such shares constitute of the common stock outstanding as of December 31, 2023 (124,051,639 shares) reported in the issuers Form N-CSR Certified Shareholder Report that was filed with the SEC on February 20, 2024.

 

Name1

   Sole Voting
and
Dispositive
Power
     Shared Voting
and
Dispositive
Power
     Aggregate
Number
of Shares
     Percentage of
Outstanding
Shares
 

Erik E. Bergstrom Charitable Remainder Trust

     1,070,000        0        1,070,000        0.9

Edith H. Bergstrom

      1,195,000 2       0        1,195,000        1.0

Edith H. Bergstrom Living Trust

     125,000        0        125,000        0.1

Erik E. and Edith H. Bergstrom Foundation

     0         6,769,800 3       6,769,800        5.5

Jennifer Benz

     0        6,769,800 3       6,769,800        5.5

Rodrigo Barillas

     0        6,769,800 3       6,769,800        5.5

Janet Greig

     0        6,769,800 3       6,769,800        5.5

Wylie Greig

     0        6,769,800 3       6,769,800        5.5

 

1 

The reporting persons may be deemed to be members of a group within the meaning of Section 13(d)(3) of the Act and the rules and regulations thereunder. Membership in such a group is hereby disclaimed.

2 

Consists of 1,070,000 shares owned by the Erik E. Bergstrom Charitable Remainder Trust, and 125,000 shares owned by the Edith H. Bergstrom Living Trust. Pursuant to Rule 13d-4, Edith H. Bergstrom hereby disclaims beneficial ownership of all shares owned by the Erik E. Bergstrom Charitable Remainder Trust.

3 

Consists of 6,769,800 shares owned by the Erik E. and Edith H. Bergstrom Foundation (the Foundation). Pursuant to Rule 13d-4, Jennifer Benz, Rodrigo Barillas, Janet Greig and Wylie Greig hereby disclaim beneficial ownership of all shares owned by the Foundation.

 

11


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 or Control Person

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group

See Exhibit 1.

 

Item 9.

Notice of Dissolution of Group

Not applicable.

 

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

12


SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: March 14, 2024

 

Erik E. Bergstrom Charitable Remainder Trust
By:  

/s/ Edith H. Bergstrom

  Edith H. Bergstrom
  Trustee

/s/ Edith H. Bergstrom

Edith H. Bergstrom

/s/ Jennifer Benz

Jennifer Benz

/s/ Rodrigo Barillas

Rodrigo Barillas

/s/ Janet Greig

Janet Greig

/s/ Wylie Greig

Wylie Greig
Edith H. Bergstrom Living Trust
By:  

/s/ Edith H. Bergstrom

  Edith H. Bergstrom
  Trustee
Erik E. and Edith H. Bergstrom Foundation
By:  

/s/ Jennifer Benz

  Jennifer Benz
  Trustee
By:  

/s/ Rodrigo Barillas

  Rodrigo Barillas
  Trustee
By:  

/s/ Janet Greig

  Janet Greig
  Trustee
By:  

/s/ Wylie Greig

  Wylie Greig
  Trustee
 

 

13


EXHIBIT LIST

 

Exhibit 1    Identity of Group Members
Exhibit 2    Joint Filing Undertaking