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SEC Filings

S-1/A
JONES LANG LASALLE INC filed this Form S-1/A on 07/03/1997
Entire Document
 
<PAGE>
 

                                CAPITALIZATION
 
  The following table sets forth the pro forma short-term debt and
capitalization of the Company at March 31, 1997, as adjusted to give effect to
the merger of Galbreath with the Company and the Incorporation Transactions as
if such transactions had occurred on March 31, 1997, and as further adjusted
to give effect to the sale of 4,000,000 shares of Common Stock offered hereby
at an assumed initial public offering price of $20.00 per share, and the
receipt and application of the net proceeds therefrom, as described under "Use
of Proceeds." This table should be read in conjunction with "Management's
Discussion and Analysis of Financial Condition and Results of Operations,"
"Pro Forma Consolidated Financial Statements" and the Predecessor
Partnerships' Combined Financial Statements and the notes thereto, all
included elsewhere herein.
 

<TABLE>
<CAPTION>
                                                              MARCH 31, 1997
                                                           --------------------
                                                             PRO     PRO FORMA
                                                            FORMA   AS ADJUSTED
                                                           -------- -----------
                                                              (IN THOUSANDS,
                                                            EXCEPT SHARE DATA)
<S>                                                        <C>      <C>
Short-term debt:
  Borrowings under short-term credit facility............. $ 16,800  $ 16,800
  Current maturities of long-term debt(1).................    9,332       --
                                                           --------  --------
    Total short-term debt................................. $ 26,132  $ 16,800
                                                           ========  ========
Long-term debt:
  Long-term credit facility, less current maturities(1)... $ 22,977  $    --
  Subordinated loans, less current maturities.............   34,106       --
                                                           --------  --------
    Total long-term debt, less current maturities.........   57,083       --
                                                           --------  --------
Stockholders' equity:
  Preferred stock, $.01 par value per share, 10,000,000
   shares authorized; no shares issued and outstanding....      --        --
  Common Stock, $.01 par value per share, 100,000,000
   shares authorized; 12,200,000 shares issued and
   outstanding pro forma; 16,200,000 shares issued and
   outstanding pro forma as adjusted(2)...................      122       162
  Additional paid-in capital..............................   43,314   115,674
  Retained earnings.......................................      --        --
                                                           --------  --------
    Total stockholders' equity............................   43,436   115,836
                                                           --------  --------
      Total capitalization................................ $100,519  $115,836
                                                           ========  ========
</TABLE>

- --------
(1) See Note 7 to Notes to the Predecessor Partnerships' Combined Financial
    Statements.
(2) Excludes an aggregate of: (i) 725,000 shares of Common Stock issuable upon
    exercise of options to be granted under the Company's 1997 Stock Incentive
    Plan upon closing of the Offering, with an exercise price equal to the
    initial public offering price; and (ii) 1,490,000 additional shares of
    Common Stock reserved for future grants or awards under the Company's 1997
    Stock Incentive Plan. See "Management--Director Compensation" and "--1997
    Stock Award and Incentive Plan."
 
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