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)
(AMENDMENT NO. 1)
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)
April 14, 1999
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(Date of Event Which Requires Filing of This Amendment No. 1)
<PAGE>
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 207,700
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6) SHARED VOTING POWER -0-
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7) SOLE DISPOSITIVE POWER 207,700
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8) SHARED DISPOSITIVE POWER -0-
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 207,700
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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) 3.4%
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14) TYPE OF REPORTING PERSON* PN
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Page 2 of 6 Pages
<PAGE>
CUSIP No. 527016109
1) NAME OF REPORTING PERSON Stonehill Offshore
Partners Limited
-------------------------
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 274,400
--------
6) SHARED VOTING POWER -0-
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7) SOLE DISPOSITIVE POWER 274,400
--------
8) SHARED DISPOSITIVE POWER -0-
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 274,400
--------
10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 4.5%
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12) TYPE OF REPORTING PERSON* CO
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Page 3 of 6 Pages
<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
--------------
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER 259,600
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6) SHARED VOTING POWER -0-
---------
7) SOLE DISPOSITIVE POWER 259,600
---------
8) SHARED DISPOSITIVE POWER -0-
---------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 259,600
---------
10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
11) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 4.3%
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12) TYPE OF REPORTING PERSON* PN
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Page 4 of 6 Pages
<PAGE>
This constitutes Amendment No. 1 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 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.: 207,700
Stonehill Offshore Partners Limited: 274,400
Stonehill Institutional Partners, L.P.: 259,600
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(b) Percent of class:
Stonehill Partners, L.P.: 3.4%
Stonehill Offshore Partners Limited: 4.5%
Stonehill Institutional Partners, L.P.: 4.3%
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
Stonehill Partners, L.P.: 207,700
Stonehill Offshore Partners Limited: 274,400
Stonehill Institutional Partners, L.P.: 259,600
(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 vote
Stonehill Partners, L.P.: 207,700
Stonehill Offshore Partners Limited: 274,400
Stonehill Institutional Partners, L.P.: 259,600
Page 5 of 6 Pages
<PAGE>
(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-
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 foth in this
statement is true, complete and correct.
Dated: April 16, 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
--------------------------------
Name: John A. Motulsky
Title: General Partner
