UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)1
AMES DEPARTMENT STORES, INC.
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(Name of issuer)
COMMON STOCK, par value $.01 per share
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(Title of class of securities)
030789507
-------------------------------------------------
(CUSIP number)
Judy K. Mencher
DDJ Capital Management, LLC
141 Linden Street, Suite 4
Wellesley, MA 02181
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(Name, address and telephone number of person authorized
to receive notices and communications)
June 20, 1996
-------------------------------------------------
(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(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement. [ ] (A fee
is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
(Continued on following pages)
(Page 1 of 7 Pages)
- - ---------------
1 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 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).
<PAGE>
SCHEDULE 13D
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CUSIP Nos. 030789507 Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DDJ Capital Management, LLC
04-3300754
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
SEE ITEM #5 (b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
COMMONWEALTH OF MASSACHUSETTS
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------
7 SOLE VOTING POWER
1,782,650
---------------------------------------------------------------
8 SHARED VOTING POWER
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,782,650
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,782,650
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.86%
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14 TYPE OF REPORTING PERSON *
00
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* SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D
<PAGE>
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CUSIP Nos. 030789507 Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Copernicus Fund, L.P.
04-3193825
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
SEE ITEM #5 (b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
COMMONWEALTH OF MASSACHUSETTS
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------
7 SOLE VOTING POWER
599,550
---------------------------------------------------------------
8 SHARED VOTING POWER
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
599,550
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
599,550
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.98%
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14 TYPE OF REPORTING PERSON *
00
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* SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D
<PAGE>
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CUSIP Nos. 030789507 Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DDJ Overseas Corp.
98-0151108
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
SEE ITEM #5 (b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
COMMONWEALTH OF MASSACHUSETTS
- - -------------------------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------
7 SOLE VOTING POWER
1,183,100
---------------------------------------------------------------
8 SHARED VOTING POWER
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,183,100
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,183,100
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.88%
=========----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
00
=========----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
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CUSIP No. 030789507 Page 5 of 7 Pages
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This Amendment No. 2 to Schedule 13D ("Amendment No. 2") should be read in
conjunction with the Schedule 13D (the "Schedule 13D") and Amendment No. 1
thereto ("Amendment No. 1") dated March 1, 1996 and June 3, 1996, respectively,
and filed with the Securities and Exchange Commission by DDJ Capital Management,
LLC., a Massachusetts limited liability company ("DDJ"), relating to the common
stock, par value $.01 per share (the "Common Stock" or the "Shares"), of Ames
Department Stores, Inc., a Delaware corporation (the "Issuer" or the "Company").
This Amendment No. 2 amends the Schedule 13D and Amendment No. 1 only with
respect to those items listed below. All capitalized terms not otherwise defined
herein shall have the meanings ascribed thereto on the Schedule 13D and
Amendment No. 1.
The filing of this Amendment No. 2 is not, and should not be deemed to be,
an admission that the Schedule 13D or any Amendment thereto is required to be
filed.
Item 2. Identity and Background.
-----------------------
Paragraph Two of Item 2 is amended as follows:
The following information relates to the DDJ Affiliates: DDJ Copernicus,
LLC is the general partner of, and DDJ Copernicus Management, LLC is the
investment manager for, The Copernicus Fund, L.P. DDJ Galileo, LLC is the
general partner of the Galileo Fund, L.P. and owns all of the voting securities
of DDJ Overseas Corp. DDJ Galileo Management, LLC is the investment manager for
The Galileo Fund, L.P. and DDJ Overseas Corp. Each of the DDJ Affiliates is a
Massachusetts limited liability company.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Paragraphs two and three of Item 3 are amended as follows:
The Funds which own or owned Shares purchased in the aggregate 1,782,650
Shares for cash in the amount of approximately $4,217,191.09 including brokerage
commissions. All of the 599,550 Shares of common stock owned by the Copernicus
Fund, L.P. were purchased for cash or on margin pursuant to a typical customer
margin agreement with Bear, Stearns & Co. or Goldman Sachs & Co., and all of the
1,183,100 Shares owned by DDJ Overseas Corp. were purchased for cash or on
margin pursuant to a typical customer margin agreement with Goldman Sachs & Co.
During the period from the filing of the Amendment No. 1 to the date
hereof, the Funds acquired 278,000 Shares. The attached Schedule B sets forth
Shares purchased and/or sold by the Funds since May 29, 1996.
<PAGE>
SCHEDULE 13D
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CUSIP No. 030789507 Page 6 of 7 Pages
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Item 5. Interest in Securities of Issuer.
---------------------------------
Paragraph (a) of Item 5 is amended as follows:
(a) DDJ beneficially owns, through the DDJ Affiliates, as general partners
and investment managers of the Funds, 1,782,650 Shares, or approximately 8.86%
of the outstanding Shares of the Company. Neither DDJ, nor any of the DDJ
Affiliates nor, to the best knowledge of DDJ, any of the persons named in
Schedule A, beneficially owns any other Shares.
[Remainder of Page Intentionally Left Blank]
<PAGE>
SCHEDULE 13D
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CUSIP No. 030789507 Page 7 of 7 Pages
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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.
DDJ CAPITAL MANAGEMENT, LLC
BY: /s/ Bonnie G. George
----------------------------------
Bonnie G. George
Chief Financial Officer
Date: July 2, 1996
<PAGE>
SCHEDULE B
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Ames Department Stores, Inc.
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Set forth below is an itemization of all purchases and sales of Shares of
Common Stock of since May 29, 1996. The transactions were made for cash in open
market transactions.
TYPE
(Purchase AGGREGATE
DATE or Sale ) SHARES PRICE
---- --------- ------ ----------
5/29/96 Purchase 50,000 150,720.00
6/4/94 Purchase 25,000 75,750.00
6/5/96 Purchase 1,000 3,081.25
6/6/96 Purchase 50,000 163,830.00
6/6/96 Purchase 1,000 3,268.75
6/7/96 Purchase 1,000 3,409.40
6/13/96 Purchase 50,000 171,815.00
6/19/96 Purchase 30,000 90,900.00
6/20/96 Purchase 46,700 137,125.21
6/20/96 Purchase 23,300 68,415.79
