UNITED STATES

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934
(Amendment No. 6)*

 

Western Asset/Claymore Inflation-Linked Securities & Income
Fund

(Name of Issuer)

 

Common Shares of Beneficial Interest Without Par Value

(Title of Class of Securities)

 

95766Q106

(CUSIP Number)

 

Laurie Smiley, Esq.

 

 

Arian Colachis, Esq.

 

Cascade Investment, L.L.C.

 

2365 Carillon Point

 

Kirkland, WA 98033
(425) 889-7900

 

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

October 15, 2010

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* 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 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.   95766Q106

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Cascade Investment, L.L.C.

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)
WC

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

6.

Citizenship or Place of Organization
State of Washington

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
4,516,146
(1)

8.

Shared Voting Power 
-0-

9.

Sole Dispositive Power 
4,516,146
(1)

10.

Shared Dispositive Power 
-0-

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
4,516,146
(1)

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

13.

Percent of Class Represented by Amount in Row (11) 
15.5%

 

14.

Type of Reporting Person (See Instructions)
OO

 


(1)All Common Shares held by Cascade Investment, L.L.C. (“Cascade”) may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.

 

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CUSIP No.  95766Q106

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
William H. Gates III

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)
WC

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

6.

Citizenship or Place of Organization
United States of America

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power

4,516,146 (1)

8.

Shared Voting Power 
-0-

9.

Sole Dispositive Power 
4,516,146
(1)

10.

Shared Dispositive Power 
-0-

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
4,516,146
(1)

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

13.

Percent of Class Represented by Amount in Row (11) 
15.5%

 

14.

Type of Reporting Person (See Instructions)
IN

 


(1)All Common Shares held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade

 

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EXPLANATORY NOTE

 

This Amendment No. 6 to Schedule 13D (“Amendment No. 6”) relates to the Common Shares of Beneficial Interest without par value (the “Common Shares”) of Western Asset/Claymore Inflation-Linked Securities and Income Fund (the “Issuer”).  This Amendment No. 6 is filed to amend and supplement the Items set forth below of the Reporting Persons’ Schedule 13D previously filed with the Securities and Exchange Commission on January 3, 2006, as amended on April 19, 2006, June 18, 2008, July 7, 2008, July 17, 2008 and October 17, 2008.

 

Item 3.                        Source and Amount of Funds or Other Consideration

 

During the past sixty days, Cascade acquired 26,371 Common Shares pursuant to a dividend reinvestment plan of the Issuer on the dates and at the prices and amounts set forth below. These acquisitions, together with previous shares purchased and received pursuant to the Issuer’s dividend reinvestment plan, resulted in a 1% change in ownership from the last amount reported by the Reporting Persons on Schedule 13D.

 

Purchase Date

Amount of Shares

Approximate Price per Share

 

 

 

9/10/10

13,190

$12.93

10/15/10

13,181

$12.98

 

Other than the reinvestment of the dividends, Cascade paid no consideration for the Common Shares it acquired through the Issuer’s dividend reinvestment plan.

 

Item 5.               Interest  in Securities of Issuer

 

(a)  See items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number of shares and percentage of Common Shares beneficially owned by each of the Reporting Persons.

 

(b)  See items 7 through 10 of the cover pages to this Schedule 13D for the number of Common Shares beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition.

 

(c)  See Item 3 above.

 

(d)  None.

 

(e)  Not applicable.

 

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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.

 

 

Date: October 15 , 2010

 

 

 

 

 

 

 

 

 

CASCADE INVESTMENT, L.L.C.(1)

 

 

 

 

 

 

By:

*

 

 

 

 

Name: Alan Heuberger(2)

 

 

 

Title: Attorney-in-fact for Michael

 

 

 

Larson, Business Manager

 

 

 

 

 

 

WILLIAM H. GATES III(1)

 

 

 

 

 

 

By:

*

 

 

 

 

Name:

Alan Heuberger(3)

 

 

 

Title:

Attorney-in-fact

 

 

 

 

 

 

*By:

/s/Alan Heuberger

 


(1)This Amendment No. 6 is being filed jointly by the Reporting Persons pursuant to the Joint Filing Agreement dated January 3, 2006 and included with the signature page to the Reporting Persons’ Schedule 13D with respect to the Issuer filed on January 3, 2006, SEC File No. 005-77986, and incorporated by reference herein.

 

(2)Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated August 12, 2008, by and on behalf of Michael Larson, filed as Exhibit 99.1 to Amendment No. 1 to Cascade’s Schedule 13D with respect to Otter Tail Corporation on April 15, 2009, SEC File No. 005-06638, and incorporated by reference herein.

 

(3)Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated August 12, 2008, by and on behalf of William H. Gates III, filed as Exhibit 99.2 to Amendment No. 1 to Cascade’s Schedule 13D with respect to Otter Tail Corporation on April 15, 2009, SEC File No. 005-06638, and incorporated by reference herein.

 

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