SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Under the Securities Exchange Act of 1934
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Kenneth Cole Productions, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
193294105
(CUSIP Number)
July 20, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule
13d-1(d)
Page 1 of 6 Pages
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SCHEDULE 13G
CUSIP No. 193294105 Page 2 of 6 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Liz Claiborne, Inc.
132842791
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER 5) SOLE VOTING POWER
OF 1,000,000
SHARES -------------------------------------------------
BENEFICIALLY 6) SHARED VOTING POWER
OWNED BY None
EACH -------------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON 1,000,000
WITH -------------------------------------------------
8) SHARED DISPOSITIVE POWER
None
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000,000
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12%
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CUSIP No. 193294105 Page 3 of 6 Pages
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12) TYPE OF REPORTING PERSON
CO
Item 1(a). Name of Issuer:
Kenneth Cole Productions, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
152 West 57th Street
New York, New York 10019
Item 2(a). Name of Person Filing:
Liz Claiborne, Inc./1/
Item 2(b). Address of Principal Business Office or, if None, Residence:
1441 Broadway
New York, New York 10018
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities:
Class A Common Stock
Item 2(e). CUSIP Number:
193294105
Item 3. If this statement is filed pursuant to ss.ss.240.13D-1(B), or
240.13D-2(B) or (C), check whether the person filing is a:
(a) |_| Broker or Dealer Registered Under Section 15 of the Act (15
U.S.C. 78o)
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c)
(c) |_| Insurance Company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c)
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/1/ Liz Claiborne, Inc. anticipates that it will hold the shares of Kenneth
Cole Productions, Inc. through its wholly-owned subsidiary, LCI
Investments, Inc.
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CUSIP No. 193294105 Page 4 of 6 Pages
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(d) |_| Investment Company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8)
(e) |_| Investment Adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E)
(f) |_| Employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F)
(g) |_| Parent Holding Company or control person in accordance
with ss.240.13d-1(b)(ii)(G)
(h) |_| Savings Association as defined in ss.3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813)
(i) |_| Church plan that is excluded from the definition of an
investment company under ss.3(c)(15) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3)
(j) |_| Group, in accordance with ss.240.13d-1(b)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c), check this box. |X|
Item 4. Ownership.
(a) Amount beneficially owned: 1,000,000*
(b) Percent of class: 12%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,000,000*
(ii) Shared power to vote or to direct the vote: None
(iii) Sole power to dispose or to direct the disposition
of: 1,000,000*
(iv) Shared power to dispose or to direct the disposition
of: None
* Liz Claiborne, Inc. ("LCI") and Kenneth Cole Productions, Inc. ("KCI") have
entered into a Common Stock Purchase Agreement, dated as of July 20, 1999,
whereby LCI has agreed on the terms and conditions set forth therein to purchase
such shares of Class A Common Stock from KCP. The closing of the transaction is
subject to the fulfillment of the closing conditions as set forth in the
Purchase Agreement.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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CUSIP No. 193294105 Page 5 of 6 Pages
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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.
Not applicable.
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 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 purposes or effect.
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CUSIP No. 193294105 Page 6 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this Statement is true, complete and correct.
July 30, 1999
LIZ CLAIBORNE, INC.
By: /s/ Nicholas J. Rubino
-----------------------------
/s/ Nicholas J. Rubino
Title: Vice President,
Deputy General Counsel
