FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 333-69294
PROSPECTUS SUPPLEMENT NO. 4 DATED NOVEMBER 16, 2001
(TO PROSPECTUS DATED SEPTEMBER 28, 2001)
$172,500,000
VECTOR GROUP LTD.
6 1/4% CONVERTIBLE SUBORDINATED NOTES DUE JULY 15, 2008
AND
COMMON STOCK ISSUABLE UPON CONVERSION OF THE NOTES
_____________________
This prospectus supplement supplements the prospectus dated September
28, 2001 of Vector Group Ltd. relating to the sale by certain of our
securityholders (and their transferees, pledgees, donees and successors) of up
to $172,500,000 aggregate principal amount at maturity of our 6 1/4% Convertible
Subordinated Notes due July 15, 2008 and the common stock issuable upon
conversion of the notes. You should read this prospectus supplement in
conjunction with the prospectus, and this prospectus supplement is qualified by
reference to the prospectus, except to the extent that the information in this
prospectus supplement supercedes the information contained in the prospectus.
The table of selling securityholders contained on pages 44 to 47 of the
prospectus is hereby amended to add the following additional selling
securityholders.
Principal Amount of Number of Shares of Percentage of
Notes Beneficially Percentage of Common Stock That Common Stock
Name Owned That May Be Sold Notes Outstanding May Be Sold(1) Outstanding(2)
------------------------------ ---------------------- ----------------- ------------------- --------------
Conseco Annuity Assurance - $625,000 * 18,163 *
Multi Bucket Annuity
Convertible Bond Fund
Conseco Fund Group - Conseco $375,000 * 10,897 *
Convertible Securities Fund
Jefferies & Company, Inc. $2,000,000 (3) 1.2% 58,122 *
Lincoln National Global $147,000 (4) * 4,272 *
Asset Allocation Fund, Inc.
Museum of Fine Arts, Boston $25,000 (5) * 726 *
Parker-Hannifin Corporation $195,000 (5) * 5,666 *
Putnam Asset Allocation $970,000 (4) * 28,189 *
Funds-Balanced Portfolio
Putnam Asset Allocation $790,000 (4) * 22,958 *
Funds-Conservative Portfolio
Putnam Convertible $7,150,000 (4) 4.1% 207,788 *
Income-Growth Trust
Putnam Convertible
Opportunities and Income $250,000 (4) * 7,265 *
Trust
Putnam Variable Trust-Putnam
VT Global Asset Allocation $250,000 (4) * 7,265 *
Fund
----------------------
* Less than 1%.
(1) Assumes conversion of all of the securityholder's notes at a conversion
price of $34.41 per share of common stock. The initial conversion price of
$36.531 per share has been adjusted to reflect a cash dividend of $0.40
per share of common stock and a 5% stock dividend paid by us on September
28, 2001. The conversion price is subject to further adjustment as
described under "Description of Notes-Conversion Rights" and, as a result,
the amount of common stock issuable upon conversion of the notes may
increase or decrease in the future.
(2) Calculated based on Rule 13d-3(d)(i) of the Exchange Act using 31,548,753
shares of common stock outstanding as of November 15, 2001. In calculating
this amount, we treated as outstanding the number of shares of common
stock issuable upon conversion of all of that particular securityholder's
notes. We did not assume, however, the conversion of any other
securityholder's notes.
(3) The notes shown in this prospectus supplement as owned by Jefferies &
Company, Inc. are in addition to the $10,000,000 principal amount of notes
previously reported in this prospectus as owned by such holder.
(4) These selling security holders own notes previously reported in this
prospectus as owned by Putnam Investment Management, LLC.
(5) These selling security holders own notes previously reported in this
prospectus as owned by Putnam Advisory Company, LLC.
Investing in the notes and our common stock involves risks, which are
described under "Risk Factors" beginning on page 11 of the prospectus.
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if this
prospectus is truthful or complete. Any representation to the contrary is a
criminal offense.
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The date of this prospectus supplement is November 16, 2001.
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