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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. )*
Home Products International, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
437305105
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(CUSIP Number)
Alisa M. Singer
Equity Group Investments, L.L.C.
Two North Riverside Plaza, Suite 600
Chicago, Illinois 60606
(312) 454-1800
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 17, 1999
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(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.
*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).
PAGE 1 OF 6 PAGES
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SCHEDULE
NO. 437305105 PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
, L.L.C. FEIN: 36-4156890
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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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
Delaware
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7 SOLE VOTING POWER
NUMBER OF
391,700
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
391,700
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,700
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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)
5.4%
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14 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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Item 1. Security and Issuer.
This Statement relates to the common stock, par value $.01 per share
(the "Common Stock"), of Home Products International, Inc., a Delaware
corporation (the "Issuer"), which has its principal executive offices at 4501
West 47th Street, Chicago, Illinois 60632.
Item 2. Identity and Background.
(a-c) and (f) This Statement is being filed by Samstock, L.L.C., a
Delaware limited liability company ("Samstock"). The sole member of Samstock is
SZ Investments, L.L.C., a Delaware limited liability company ("SZI"), whose
managing member is Zell General Partnership, Inc., an Illinois corporation
("ZGP"). The sole shareholder of ZGP is Samuel Zell as trustee of the Samuel
Zell Revocable Trust under trust agreement dated January 19, 1990, as amended
(the "Zell Trust"). Additional information concerning SZI, ZGP, Mr. Zell and the
officers of Samstock, SZI and ZGP is set forth in Appendix A hereto.
The principal business of Samstock, SZI and ZGP is general investments.
The business address of each of Samstock, SZI and ZGP is Two North Riverside
Plaza, Chicago, Illinois 60606.
(d) and (e) Neither Samstock nor, to the best knowledge of Samstock,
SZI, ZGP or any of the persons listed in Appendix A hereto, has during the last
five years (i) been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) been 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.
Item 3. Source and Amount of Funds or Other Consideration.
From November 6, 1998 through August 27, 1999, Samstock purchased an
aggregate of 391,700 shares of Common Stock in open market transactions. The
aggregate amount of funds used in acquiring these shares was $3,254,912.50. All
funds used in acquiring the purchased shares were obtained from the working
capital of Samstock.
Item 4. Purpose of the Transaction.
The acquisition of the shares of Common Stock was effected for the
purpose of investing in the Issuer. Consistent with such purposes, Samstock may
have discussions with management and other shareholders of the Issuer concerning
various operational and financial aspects of the Issuer's business. Samstock
may, in the future, also have discussions with management, directors and other
shareholders of the Issuer concerning various ways of maximizing long-term
shareholder value. Depending on the market conditions and other factors that
Samstock may deem material to its investment decision, Samstock may purchase
additional shares of Common Stock in the open market or in private transactions.
Depending on these same factors, Samstock may sell all or a portion of the
shares of Common Stock that it now owns or hereafter may acquire on the open
market or in private transactions.
Neither Samstock nor, to the best knowledge of Samstock, SZI, ZGP or the
persons listed in Appendix A hereto, has any plans or proposals of the types
referred to in clauses (a) through (j) of Item 4 of Schedule 13D, as promulgated
by the Securities and Exchange Commission. These persons, however, may at any
time and from time to time, review or reconsider their position with respect to
any such matters.
Item 5. Interest In Securities Of The Issuer.
(a) and (b) To the best knowledge of Samstock, there are 7,314,702 shares of
Common Stock outstanding as of the date hereof.(1) Based upon the foregoing
number, the 391,700 shares beneficially owned by Samstock represent
approximately 5.4% of the Common Stock issued and outstanding. Samstock
currently has the sole power to vote or to direct the vote of the shares of
Common Stock acquired by it. SZI also has the power to dispose of or to direct
the disposition of its shares of Common Stock.
Except as listed below, at the date hereof, neither Samstock, nor to the
best knowledge of Samstock, SZI, ZGP or the persons listed in Appendix A hereto
owns any shares of Common Stock other than the shares owned by Samstock, as
described herein. Rod Dammeyer owns 150,000 shares of Common Stock, and has the
sole power to vote and to dispose of such Common Stock.
(1) As disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarter ended June 26, 1999.
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(c) Except as listed below, during the last 60 days, the only
transactions in the Common Stock effected by Samstock, or to the best knowledge
of Samstock, SZI, ZGP or the persons listed in Appendix A hereto, were the
following open market purchases by Samstock:
Number of Price Per
Date Shares Share
7/06/99 30,400 $8.000
7/07/99 105,000 7.875
7/07/99 10,000 8.000
7/12/99 20,000 8.500
7/19/99 3,100 8.250
8/03/99 160,000 8.500
8/17/99 24,000 7.625
8/27/99 14,200 8.188
In addition, Rod Dammeyer effected the following purchases of Common Stock
within the last 60 days:
Number of Price Per
Date Shares Share
7/21/99 10,000 $8.375
7/26/99 4,400 8.457
7/30/99 2,700 8.250
8/02/99 800 8.500
8/03/99 2,100 8.500
(d) and (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings Or
Relationships With Respect to Securities of the Issuer.
Neither Samstock nor, to the best knowledge of Samstock, SZI, ZGP or
the persons listed in Appendix A hereto has any contract, arrangement,
understanding or relationship with any person with respect to any securities of
the Issuer.
Item 7. Material To Be Filed As Exhibits
None.
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APPENDIX A
SCHEDULE 13D
CUSIP NUMBER 437305105
The following persons are executive officers of each of Samstock, SZI
and ZGP, holding the same offices for each such entity:
Samuel Zell is President of the entities and is also chairman of Equity
Group Investments, L.L.C. ("EGI").
Rod Dammeyer is a Vice President of the entities and is also Managing
Director-Corporate Investments of EGI.
Sheli Z. Rosenberg is a Vice President of the entities and is also the
President and Chief Executive Officer of EGI.
Donald J. Liebentritt is a Vice President of the entities and is also
the Chief Operating Officer of EGI.
The business address of each of the executive officers is Two North Riverside
Plaza, Chicago, Illinois 60606, and each is a citizen of the United States of
America.
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certify that the information set forth in the
statement is true, complete and correct.
DATED: August 31, 1999
SAMSTOCK, L.L.C.
By: /s/ Donald J. Liebentritt
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Name: Donald J. Liebentritt
Title: Vice President
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