TAUNUS CORPORATION
31 West 52nd Street
New York, New York 10019
Jeffrey A. Ruiz
Vice President
Telephone: (212) 469-3667
May 3, 2002
Securities and Exchange Commission
SEC Document Control
450 Fifth Street, N.W.
Washington, DC 20549
Attn: Filing Desk
Dear Sirs:
Re: Filing of Schedule 13G on
Chelsea Property Group Inc
Pursuant to Rule 13d-1 of the General Rules and Regulations under the Securities
Exchange Act of 1934, the following is one copy of the Schedule 13G with
respect to the common stock of the above referenced corporation.
Please acknowledge your receipt of the Schedule 13G filing
submission through the EDGAR Ease System software, by E-Mail
confirmation.
Sincerely,
Jeffrey A. Ruiz
Enclosures
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
Kensey Nash Corp
_______________________________________
NAME OF ISSUER:
Common Stock (Par Value $ .01)
_______________________________________
TITLE OF CLASS OF SECURITIES
163421100
_______________________________________
CUSIP NUMBER
April 30, 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:
[X] Rule 13d-I(b)
[ ] Rule 13d-I(c)
[ ] Rule 13d-I(d)
CUSIP No. 913456109
1.NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Taunus Corporation
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,299,133*
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 4,880
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,932,321*
PERSON WITH 8. SHARED DISPOSITIVE POWER
6,680
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,932,321*
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES *
[]
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.4%**
12.TYPE OF REPORTING PERSON
HC,CO
* Included in this figure are the securities reported by RREEF America, L.L.C.
on the following cover page. Taunus expressly declares, pursuant to Rule
13d-4, that the filing of this statement shall not be construed as an admission
that it is, for the purposes of Section 13(d) or 13(g) of the Act, the
beneficial owner of the securities reported on this cover page
** Included in this percentage is the percentage of securities reported by
RREEF Americia, L.L.C. on the following cover page
CUSIP No. 913456109
1.NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
RREEF America, L.L.C.
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,220,505
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,857,805
PERSON WITH 8. SHARED DISPOSITIVE POWER
0
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,857,805
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES *
[]
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
12.TYPE OF REPORTING PERSON
IA
Item 1(a). Name of Issuer:
Chelsea Property Group Inc (the Issuer )
Item 1(b). Address of Issuer's Principal Executive Offices:
The address of the Issuer's principal executive offices is
103 Eisenhower Parkway, Roseland, NJ 07068.
Item 2(a). Name of Person Filing:
This statement is filed on behalf of Taunus Corporation
(Taunus) and RREEF America, L.L.C. (RREEF) (Taunus and RREEF
together, the Reporting Persons).
Item 2(b). Address of Principal Business Office or, if none, Residence:
The principal place of business of Taunus is 31 West 52nd
Street, New York, New York, 10019.
The principal place of business of RREEF is 875 N. Michigan
Ave., Chicago, IL 60611.
Item 2(c). Citizenship:
The citizenship of each of the Reporting Persons is set forth
on the applicable cover page.
Item 2(d). Title of Class of Securities:
The title of the securities is common stock (the Common
Stock).
Item 2(e). CUSIP Number:
The CUSIP number of the Common Stock is set forth on each
cover page.
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
A. Taunus Corporation:
(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 of 1940;
(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) [X] 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 of 1940;
(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. [ ]
B. RREEF America, L.L.C.:
(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 of 1940;
(e) [X] 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 of 1940;
(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:
The Reporting Person owns the amount of the Common
Stock as set forth on the cover page.
(b) Percent of class:
The Reporting Person owns the percentage of the
Common Stock as set forth on the cover page.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
The Reporting Person has the sole power to
vote or direct the vote of the Common Stock as set
forth on the cover page.
(ii) shared power to vote or to direct the vote:
The Reporting Person has the shared power
to vote or direct the vote of the Common Stock
as set forth on the cover page.
(iii) sole power to dispose or to direct the
disposition of:
The Reporting Person has the sole power to
dispose or direct the disposition of the
Common Stock as set forth on the cover page.
(iv) shared power to dispose or to direct the
disposition of:
The Reporting Person has the shared power
to dispose or direct the disposition of the Common
Stock as set forth on the cover page.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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.
Deutsche Bank Trust Company Americas and Deutsche Bank
Securities Inc.are indirect wholly-owned subsidiaries of Taunus holding Common
Stock. Omitted from the ownership structure are certain intermediate and/or
indirect holding companies of Taunus which do not exercise voting or investment
discretion with respect to the Common Stock reported under this filing.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
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 acquired and are held in
the ordinary course of business and 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.
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,
complete and correct.
Dated: May 3, 2002
TAUNUS CORPORATION
By: /s/ James T. Byrne, Jr.
--------------------------
Name: James T. Byrne, Jr.
Title: Secretary
Consent of RREEF America, L.L.C.
The undersigned agrees that the Schedule 13G executed by
Taunus Corporation to which this statement is attached as an exhibit is filed
on behalf of Taunus Corporation and RREEF America L.L.C. pursuant to Rule
13d-1(k)(1) of the Securities Exchange Act of 1934.
Dated: May 3, 2002
RREEF AMERICA, L.L.C.
By: /s/ Karen Knudson
----------------------------------
Name: Karen Knudson
Title: Principal/Portfolio Manager