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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Il Fornaio (America) Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
451926109
(CUSIP Number)
Eric M. Sippel, Esq.
Eastbourne Capital Management, L.L.C.
1101 - Fifth Avenue, Suite 1600
San Rafael, CA 94901-2916
(415) 448-1200
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 30, 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 / /.
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7(b) 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).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
SEC 1746 (10-97)
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CUSIP No. 451926109 13D Page 2 of 10 Pages
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1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Eastbourne Capital Management, L.L.C.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES *
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,391,600
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH *
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,391,600
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,391,600
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.1%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IA
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CUSIP No. 451926109 13D Page 3 of 10 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Richard Jon Barry
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES *
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,391,600
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH *
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,391,600
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,391,600
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.1%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
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CUSIP No. 451926109 13D Page 4 of 10 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Black Bear Fund I, L.P.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES *
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 597,748
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH *
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
597,748
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
597,748
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.4%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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CUSIP No. 451926109 13D Page 5 of 10 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Black Bear Offshore Fund Limited
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES *
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 601,000
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH *
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
601,000
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
601,000
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.4%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP No. 451926109 13D Page 6 of 10 Pages
- ---------------------------------------------------------------------------
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock (the "Stock") of Il
Fornaio (America) Corporation (the "Issuer"). The principal executive
office of the Issuer is located at 770 Tamalpais Drive, Suite 400, Corte
Madera, CA 94925.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement and the persons enumerated in Instruction
C of Schedule 13D and, where applicable, their respective places of
organization, general partners, directors, executive officers and
controlling persons, and the information regarding them, are as follows:
(a) Eastbourne Capital Management, L.L.C. ("Eastbourne"); Richard Jon
Barry ("Barry"); Black Bear Fund I, L.P., a California limited partnership
("Black Bear I"); and Black Bear Offshore Fund Limited, a Cayman Islands
Exempted Company ("Black Bear Offshore") (collectively, the "Filers").
(b) The business address of the Filers is 1101 Fifth Avenue, Suite
160, San Rafael, CA 94901-2916.
(c) Richard Jon Barry is General Managing Director of Eastbourne.
(d) During the last five years, none of the Filers has been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of the Filers was a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) Richard Jon Barry is a citizen of the United States of America.
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CUSIP No. 451926109 13D Page 7 of 10 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Purchaser Source of Funds Amount (US$ Cost)
Black Bear I WC $6,440,678
Black Bear Offshore WC $5,117,379
Eastbourne AF(1) $1,889,577
(1) Represents funds under management by Eastbourne Capital Management,
L.L.C.
ITEM 4. PURPOSE OF TRANSACTION. Investment Purposes
The sole purpose of the acquisitions of the Stock reported herein was and
is for investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The beneficial ownership of the Stock by each Filer at the date hereof is
reflected on that Filer's cover page.
The Filers effected the following transactions in the Stock in open market
transactions on the dates indicated, and such transactions are the only
transactions in the Stock by the Filers since 60 days before date on the
cover page:
Purchase Number Price
Name or Sale Date of Shares Per Share
Black Bear Fund I
P 10-05-99 14,500 8.83
P 11-30-99 75,000 5.63
P 12-31-99 1,300 7.00
P 01-03-00 1,000 7.00
P 01-26-00 2,000 7.31
P 01-31-00 2,000 7.56
P 02-01-00 7,700 7.53
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CUSIP No. 451926109 13D Page 8 of 10 Pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER, continued.
Purchase Number Price
Name or Sale Date of Shares Per Share
Black Bear Offshore Limited
P 10-05-99 10,000 8.83
P 10-05-99 100 8.68
P 11-30-99 68,000 5.63
P 12-31-99 1,300 7.00
P 01-26-00 2,400 7.31
P 01-31-00 2,400 7.56
P 02-01-00 8,900 7.53
Eastbourne
P 11-30-99 7,000 5.63
P 12-31-99 400 7.00
P 01-03-99 1,200 7.00
P 01-26-00 600 7.31
P 01-31-00 600 7.56
P 02-01-00 2,400 7.53
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Eastbourne is the general partner of Black Bear I pursuant to a limited
partnership agreement providing to Eastbourne the authority, among other
things, to invest the funds of Black Bear I in the Stock, to vote and
dispose of those securities and to file this statement on behalf of Black
Bear I. Pursuant to such limited partnership agreement, Eastbourne is
entitled to fees based on assets under management and special profit
allocations based on realized and unrealized gains and losses, if certain
conditions are met. Eastbourne also acts as an investment adviser to Black
Bear Offshore, and pursuant to an investment management agreement with
Black Bear Offshore, is entitled to fees based on assets under management
and special profit allocations based on realized and unrealized gains and
losses, if certain conditions are met. Barry is the Managing General
Partner of Eastbourne.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.
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CUSIP No. 451926109 13D Page 9 of 10 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I certify
that the information set forth in this statement is true, complete and
correct.
DATED: February 4, 2000
SIGNATURES
BLACK BEAR FUND I, L.P.
By: Eastbourne Capital Management, L.L.C.
General Partner
/s/ Eric M. Sippel
Eric M. Sippel
Chief Operating Officer
BLACK BEAR OFFSHORE FUND LIMITED
By: Eastbourne Capital Management, L.L.C.
Attorney-in-Fact
/s/ Eric M. Sippel
Eric M. Sippel
Chief Operating Officer
EASTBOURNE CAPITAL MANAGEMENT, L.L.C.
/s/ Eric M. Sippel
By: Eric M. Sippel
Chief Operating Officer
/s/ Richard J. Barry
Richard J. Barry
<PAGE>
CUSIP No. 451926109 13D Page 10 of 10 Pages
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and Exchange
Commission (the "SEC") any and all statements on Schedule 13D or Schedule
13G (and any amendments or supplements thereto) required under section
13(d) of the Securities Exchange Act of 1934, as amended, in connection
with purchases by the undersigned of the common stock of Il Fornaio
(America) Corporation. For that purpose, the undersigned hereby constitute
and appoint Eastbourne Capital Management, L.L.C., a California limited
liability company, as their true and lawful agent and attorney-in-fact,
with full power and authority for and on behalf of the undersigned to
prepare or cause to be prepared, sign, file with the SEC and furnish to any
other person all certificates, instruments, agreements and documents
necessary to comply with section 13(d) and section 16(a) of the Securities
Exchange Act of 1934, as amended, in connection with said purchases, and to
do and perform every act necessary and proper to be done incident to the
exercise of the foregoing power, as fully as the undersigned might or could
do if personally present.
DATED: February 4, 2000
SIGNATURES
BLACK BEAR FUND I, L.P.
By: Eastbourne Capital Management, L.L.C.
General Partner
/s/ Eric M. Sippel
Eric M. Sippel
Chief Operating Officer /s/ Richard J. Barry
Richard J. Barry
BLACK BEAR OFFSHORE FUND LIMITED
By: Eastbourne Capital Management, L.L.C.
Attorney-in-Fact
/s/ Eric M. Sippel
Eric M. Sippel
Chief Operating Officer
EASTBOURNE CAPITAL MANAGEMENT, L.L.C.
/s/ Eric M. Sippel
By: Eric M. Sippel
Chief Operating Officer
ETR\5419\003\1084265.01
