<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(AMENDMENT NO. 2 TO SCHEDULE 13D)
Under the Securities Exchange Act of 1934
TRIAD HOSPITALS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Shares of Common Stock, par value $0.01 per share
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(Title of Class of Securities)
89579K109
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(CUSIP NUMBER)
GREENLIGHT CAPITAL, L.L.C.
420 Lexington Avenue
Suite 875
New York, New York 10170
Tel. No.: (212) 973-1900
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Eliot D. Raffkind
Akin, Gump, Strauss, Hauer & Feld, L.L.P.
1700 Pacific Avenue, Suite 4100
Dallas, Texas 75201-4618
(214) 969-2800
October 26, 1999
- --------------------------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box
[ ]
The information required in 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, as amended (the "Act"), or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act.
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- ------------------------------
CUSIP No. 89579K109 13D/A
- ------------------------------
<TABLE>
- --------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Greenlight Capital, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,977,000
OWNED BY -----------------------------------------------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
-----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,977,000
-----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,977,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.789%
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14 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
</TABLE>
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CUSIP No. 89579K109 13D/A
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<TABLE>
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<S> <C>
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
David Einhorn
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,977,000
OWNED BY -----------------------------------------------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
-----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,977,000
-----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,977,000
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.789%
- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
</TABLE>
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- ------------------------------
CUSIP No. 89579K109 13D/A
- ------------------------------
<TABLE>
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<S> <C>
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey A. Keswin
- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, WC
- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,977,000
OWNED BY -----------------------------------------------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
-----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,977,000
-----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,977,000
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.789%
- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
</TABLE>
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AMENDMENT NO. 2 TO SCHEDULE 13D
This Amendment No. 2 to Schedule 13D is being filed on behalf
of Greenlight Capital, L.L.C., a Delaware limited liability company
("Greenlight"), and Mr. David Einhorn and Mr. Jeffrey A. Keswin, the principals
of Greenlight, as an amendment to the initial statement on Schedule 13D,
relating to shares of common stock of Triad Hospitals, Inc. (the "Issuer"), as
filed with the Securities and Exchange Commission (the "Commission") on July 30,
1999 and amended by Amendment No. 1 to Schedule 13D filed with the Commission on
August 19, 1999 (as amended, the "Amended Schedule 13D").
This Amendment No. 2 to Schedule 13D relates to shares of
common stock of the Issuer ("Common Stock") purchased by Greenlight for the
account of (i) Greenlight Capital, L.P. ("Greenlight Fund"), of which Greenlight
is the general partner, (ii) Greenlight Capital Offshore, Ltd. ("Greenlight
Offshore"), for whom Greenlight acts as investment advisor, and (iii) Greenlight
Capital Qualified, L.P. ("Greenlight Qualified"), of which Greenlight is the
general partner. The Amended Schedule 13D is hereby amended and supplemented as
follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS
Item 3 of the Amended Schedule 13D is hereby amended and
restated in its entirety to read as follows:
As of November 1, 1999, Greenlight had invested (i)
$9,534,684.00 in shares of Common Stock through Greenlight Fund, (ii)
$10,209,091.54 in shares of Common Stock through Greenlight Offshore and (iii)
$13,949,431.16 in shares of Common Stock through Greenlight Qualified, all as
described in Item 5 below. The above amounts include any commissions incurred in
the investments. The source of these funds was the working capital of each of
Greenlight Fund, Greenlight Offshore and Greenlight Qualified, as the case may
be.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Amended Schedule 13D is hereby amended by amending and
restating Items 5(a) and (c) as follows:
(a) As of November 1, 1999, Greenlight, Mr. Einhorn and Mr.
Keswin are beneficial owners of 2,977,000 shares of Common Stock of the Issuer
or 8.789% of the shares outstanding. The 2,977,000 shares described above are
beneficially owned by Greenlight, Mr. Einhorn and Mr. Keswin for the account of
Greenlight Fund, Greenlight Offshore or Greenlight Qualified, as the case may
be.
The number of shares beneficially owned by Greenlight, Mr.
Einhorn and Mr. Keswin and the percentage of outstanding shares represented
thereby have been computed in accordance with Rule 13d-3 under the Act. The
percentage of beneficial ownership of Greenlight, Mr. Einhorn and Mr. Keswin on
November 1, 1999 is based on 33,870,312 outstanding shares of Common Stock as of
August 3, 1999 as reported in the Issuer's Form 10-Q filed with the Commission
on August 12, 1999.
(c) The transactions in the Issuer's securities by Greenlight
during the last sixty days are listed as Annex A attached hereto and made a part
hereof.
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ANNEX A
<TABLE>
<CAPTION>
Transaction Quantity Price per
Date Buy/Sell (shares) Share ($)
----------- -------- -------- ---------
<S> <C> <C> <C>
9/8/99 Buy 16,000 11.05
9/15/99 Buy 90,000 11.125
9/15/99 Buy 4,100 11.425
9/28/99 Buy 20,000 10.4563
9/30/99 Buy 20,000 10.1125
10/20/99 Buy 40,000 9.7891
10/21/99 Buy 26,000 9.5476
10/21/99 Buy 25,000 9.5625
10/22/99 Buy 21,900 9.675
10/26/99 Buy 80,000 9.3448
10/29/99 Buy 25,000 9.625
11/1/99 Buy 56,000 9.875
</TABLE>
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: November 4, 1999
Greenlight Capital, L.L.C.
By: /s/ Jeffrey A. Keswin
-------------------------------------
JEFFREY A. KESWIN, Managing Member
/s/ David Einhorn
------------------------------------------
David Einhorn
/s/ Jeffrey A. Keswin
------------------------------------------
Jeffrey A. Keswin
