UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Final Amendment)
The Leslie Fay Company, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
527016109
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(CUSIP Number)
August 25, 1999
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(Date of Event Which Requires Filing of This Final Amendment)
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CUSIP No. 527016109
1) NAME OF REPORTING PERSON Stonehill Partners, L.P.
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I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ x ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 37,608
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6) SHARED VOTING POWER -0-
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7) SOLE DISPOSITIVE POWER 37,608
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8) SHARED DISPOSITIVE POWER -0-
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 37,608
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10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0.7%
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14) TYPE OF REPORTING PERSON* PN
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CUSIP No. 527016109
1) NAME OF REPORTING PERSON Stonehill Offshore
Partners Limited
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I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ x ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 69,327
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6) SHARED VOTING POWER -0-
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7) SOLE DISPOSITIVE POWER 69,327
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8) SHARED DISPOSITIVE POWER -0-
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 69,327
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10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 1.4%
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12) TYPE OF REPORTING PERSON* CO
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<PAGE>
CUSIP No. 527016109
1) NAME OF REPORTING PERSON Stonehill Institutional
Partners, L.P.
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I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ x ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 57,582
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6) SHARED VOTING POWER -0-
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7) SOLE DISPOSITIVE POWER 57,582
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8) SHARED DISPOSITIVE POWER -0-
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 57,582
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10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 1.1%
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12) TYPE OF REPORTING PERSON* PN
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This constitutes the Final Amendment to the Schedule 13G (the "Schedule
13G") of Stonehill Partners, L.P., Stonehill Offshore Partners Limited and
Stonehill Institutional Partners, L.P. filed with the Securities and Exchange
Commission on March 22, 1999, as amended by Amendment No. 1 thereto filed on
April 16, 1999, relating to the Common Stock, $.01 par value, of The Leslie Fay
Company, Inc.
Item 4 of the Schedule 13G is hereby amended and restated to read in its
entirety as follows:
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Stonehill Partners, L.P.: 37,608
Stonehill Offshore Partners Limited: 69,327
Stonehill Institutional Partners, L.P.: 57,582
(b) Percent of class:
Stonehill Partners, L.P.: 0.7%
Stonehill Offshore Partners Limited: 1.4%
Stonehill Institutional Partners, L.P.: 1.1%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
Stonehill Partners, L.P.: 37,608
Stonehill Offshore Partners Limited: 69,327
Stonehill Institutional Partners, L.P.: 57,582
(ii) Shared power to vote or to direct the vote
Stonehill Partners, L.P.: -0-
Stonehill Offshore Partners Limited: -0-
Stonehill Institutional Partners, L.P.: -0-
(iii) Sole power to dispose of or to direct the disposition of
Stonehill Partners, L.P.: 37,608
Stonehill Offshore Partners Limited: 69,327
Stonehill Institutional Partners, L.P.: 57,582
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(iv) Shared power to dispose of or to direct the disposition of
Stonehill Partners, L.P.: -0-
Stonehill Offshore Partners Limited: -0-
Stonehill Institutional Partners, L.P.: -0-
Item 5 of the Schedule 13G is hereby amended and restated to read in its
entirety as follows:
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that, as of the date
hereof, the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following:
X
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[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]
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SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief,
Stonehill Partners, L.P., Stonehill Offshore Partners Limited and Stonehill
Institutional Partners, L.P. certify that the information set forth in this
statement is true, complete and correct.
Dated: September 3, 1999
STONEHILL PARTNERS, L.P.
By: /s/ John A. Motulsky
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Name: John A. Motulsky
Title: General Partner
STONEHILL OFFSHORE PARTNERS LIMITED
By: STONEHILL ADVISERS LLC
By: /s/ John A. Motulsky
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Name: John A. Motulsky
Title: Member
STONEHILL INSTITUTIONAL PARTNERS, L.P.
By: /s/ John A. Motulsky
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Name: John A. Motulsky
Title: General Partner
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