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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
International Game Technology
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(Name of Issuer)
Common Stock, par value $.000625 per share
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(Title of Class of Securities)
459902-10-2
------------------------------
(CUSIP Number)
December 13, 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)
*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 the
disclosures provided in a prior cover page.
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 ("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).
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SCHEDULE 13G
===============================================================================
CUSIP NO. 459902-10-2 Page 2 of 8 Pages
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NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
ESL Partners, L.P., a Delaware limited partnership
22-2875193
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [x]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF
3,570,967
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
3,570,967
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,491,400
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.23%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
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CUSIP NO. 459902-10-2 Page 3 of 8 Pages
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NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
ESL Limited, a Bermuda corporation
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [x]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bermuda
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SOLE VOTING POWER
5
NUMBER OF
843,044
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
843,044
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,491,400
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.23%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
CO
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CUSIP NO. 459902-10-2 Page 4 of 8 Pages
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NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
ESL Institutional Partners, L.P., a Delaware limited partnership
06-1456821
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [x]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF
77,389
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
77,389
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,491,400
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.23%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
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Page 5 of 8 Pages
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Item 1(a) Name of Issuer:
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International Game Technology
Item 1(b) Address of Issuer's Principal Executive Offices:
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9295 Prototype Drive
Reno, Nevada 89511
Item 2(a) Names of Persons Filing:
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ESL Partners, L.P.
ESL Limited
ESL Institutional Partners, L.P.
Item 2(b) Addresses of Principal Business Offices:
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ESL Partners, L.P. and ESL Institutional Partners, L.P.:
One Lafayette Place
Greenwich, CT 06830
ESL Limited
Hemisphere House
9 Church Street
Hamilton, Bermuda
Item 2(c) Citizenship:
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ESL Partners, L.P. -- Delaware
ESL Limited -- Bermuda
ESL Institutional Partners, L.P. -- Delaware
Item 2(d) Title of Class of Securities:
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Common Stock, par value $.000625 per share
Item 2(e) CUSIP Number:
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459902-10-2
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<TABLE>
<CAPTION>
Page 6 of 8 Pages
-----------------------------
Item 3 Status of Persons Filing:
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<S> <C> <C> <C>
(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);
(d) [ ] Investment company registered under section 8 of the Investment Company Act of
1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with (S)240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with (S)240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with (S)240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act
(12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).
</TABLE>
Item 4 Ownership:
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(a) Amount Beneficially Owned: 4,491,400 shares of Common Stock,
par value $.000625 per share.
This statement is filed on behalf of a group consisting of
ESL Partners, L.P., a Delaware limited partnership ("ESL"),
ESL Limited, a Bermuda corporation ("Limited"), and ESL
Institutional Partners, L.P., a Delaware limited partnership
("Institutional"). The general partner of ESL is RBS
Partners, L.P. (the "General Partner"). The general partner
of the General Partner of ESL is ESL Investments, Inc., a
Delaware corporation. ESL Investment Management, LLC, a
Delaware limited liability company ("ESLIM"), is the
investment manager of Limited. RBS Investment Management,
LLC, a Delaware limited liability company ("RBSIM") is the
general partner of Institutional. In the aforementioned
capacities, ESL, Limited, and Institutional each may be
deemed to be the beneficial owner of the shares of
International Game Technology common stock, par value
$.000625 per share, beneficially owned by the other members
of the group.
As of December 23, 1999, (i) ESL was the record owner of
3,570,967 shares of common stock of International Game
Technology; (ii) Limited was the record owner of 843,044
shares of common stock of International Game Technology; and
(iii) Institutional was the record owner of 77,389 shares of
common stock of International Game Technology.
(b) Percent of Class: 5.23%.
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Page 7 of 8 Pages
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(c) Number of shares as to which each person has:
(i) sole power to vote or to direct the vote:
See Item 5 of each cover page.
(ii) shared power to vote or to direct the vote: 0.
(iii) sole power to dispose or to direct the disposition of:
See Item 7 of each cover page.
(iv) shared power to dispose or to direct the disposition of:
0.
Item 5 Ownership of 5% or Less of a Class:
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Not applicable.
Item 6 Ownership of More than 5% on Behalf of Another Person:
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Not applicable.
Item 7 Identification and Classification of the Subsidiary which
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Acquired the Security Being Reported on By The Parent Holding
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Company:
--------
Not applicable.
Item 8 Identification and Classification of Members of the Group:
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See Item 4(a).
Item 9 Notice of Dissolution of Group:
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Not applicable.
Item 10 Certification:
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above 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 purpose or effect.
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Page 8 of 8 Pages
----------------------------
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: December 23, 1999
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /S/ EDWARD S. LAMPERT
--------------------------
Edward S. Lampert
Chairman
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /S/ EDWARD S. LAMPERT
--------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC,
its general partner
By: /S/ EDWARD S. LAMPERT
--------------------------
Edward S. Lampert
Managing Member
<PAGE>
EXHIBITS
Exhibit 1 Joint Filing Agreement, dated as of December 23, 1999, entered into
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by and among ESL Partners, L.P., ESL Limited, and ESL Institutional
Partners, L.P.
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them a Statement on Schedule 13G (including amendments
thereto) with regard to the common stock, par value $.000625 per share, of
International Game Technology, and further agree that this Joint Filing
Agreement be included as an Exhibit to such joint filings. In evidence thereof,
the undersigned, being duly authorized, hereby execute this Agreement as of the
23/rd/ day of December, 1999.
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /S/ EDWARD S. LAMPERT
-------------------------------
Edward S. Lampert
Chairman
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /S/ EDWARD S. LAMPERT
-------------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC,
its general partner
By: /S/ EDWARD S. LAMPERT
-------------------------------
Edward S. Lampert
Managing Member
