SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(b), (c)
and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13D-2(b)
(Amendment No. 3)(1)
Apex Silver Mines Limited
--------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares, $0.01 Par Value
--------------------------------------------------------------------------------
(Title of Class of Securities)
G04074103
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2003
--------------------------------------------------------------------------------
(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)
(1) 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 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 or otherwise subject to the liabilites of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP NO. G04074103 13G Page 2 of 5 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas S. Kaplan
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
2,335,804
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,335,804
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,335,804
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.23%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
Individual (IN)
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. G04074103 13G Page 3 of 5 Pages
Item 1(a). Name of Issuer:
Apex Silver Mines Limited
--------------------------------------------------------------------------
Item 1(b). Address of Issuer's Principal Executive Offices:
Caledonian House, 69 Jennette Street, George Town, Grand Cayman, Cayman
Islands, British West Indies
--------------------------------------------------------------------------
Item 2(a). Name of Person Filing:
Thomas Scott Kaplan
--------------------------------------------------------------------------
Item 2(b). Address of Principal Business Office, or, if None, Residence:
Ch. des Moulins 53, 1936 Verbier, Switzerland.
--------------------------------------------------------------------------
Item 2(c). Citizenship:
United States
--------------------------------------------------------------------------
Item 2(d). Title of Class of Securities:
Ordinary Shares, $0.01 Par Value
--------------------------------------------------------------------------
Item 2(e). CUSIP NUMBER:
G04074103
--------------------------------------------------------------------------
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person Filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Act.
(c) |_| Insurance Company as defined in Section 3(a)(19) of the Act.
(d) |_| Investment Company registered under Section 8 of the Investment
Company Act.
(e) |_| Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940.
(f) |_| Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see 13d-1(b)(1)(ii)(F).
(g) |_| Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
see Item 7.
(h) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
CUSIP NO. G04074103 13G Page 4 of 5 Pages
Item 4. Ownership.
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
(a) Amount beneficially owned:
2,335,804 (see Exhibit A)
--------------------------------------------------------------------
(b) Percent of class:
6.23%
--------------------------------------------------------------------
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 2,335,804
---------------------
(ii) Shared power to vote or to direct the vote 0
-------------------
(iii) Sole power to dispose or to direct the
disposition of 2,335,804
-----------------------------------------------
(iv) Shared power to dispose or to direct the disposition of 0
------
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.
A trust, the beneficiaries of which are members of the Reporting Person's
family, has the right to receive and the power to direct the receipt of
dividends from, or the proceeds from the sale of the Shares held by
Consolidated.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security 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.
CUSIP NO. G04074103 13G Page 5 of 5 Pages
Item 10. Certification.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true and correct.
February 11, 2004
--------------------------------
(Date)
/s/ Thomas S. Kaplan
--------------------------------
(Signature)
Thomas Scott Kaplan
--------------------------------
(Name/Title)
Exhibit A
to Schedule 13G
As of December 31, 2003, the Reporting Person beneficially owned 2,335,804
Ordinary Shares (the "Shares") of the Issuer, which includes 1,734,121 Shares of
the Issuer owned by Consolidated Commodities, Ltd., a company organized under
the laws of Bermuda, over which Shares the Reporting Person has voting and
dispositive control pursuant to a Voting Trust Agreement; 39,449 Shares owned
directly by the Reporting Person and 562,234 Shares that the Reporting Person
has the right to acquire upon the exercise of options within 60 days of the date
hereof. Based upon 36,923,010 Shares outstanding as of January 26, 2004, as
reported in the Company's Rule 424(b)(5) Prospectus filed with the Securities
and Exchange Commission on January 28, 2004, the Shares beneficially owned by
the Reporting Person constitute approximately 6.23% of the total Shares
outstanding.