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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Waveland International, Ltd.
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(Last) (First) (Middle)
333 W. Wacker Drive, Suite 1600
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(Street)
Chicago Illinois 60606
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
December 28, 1998
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Heartland Partners, L.P. (AMEX:HTC)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[ X ] Form Filed by More than One Reporting Person
<PAGE>
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
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Class A Limited Partnership Units 240,289 D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 4
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
WAVELAND INTERNATIONAL, LTD.
By: /s/ David S. Richter January 7, 1999
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David S. Richter, President Date
**Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
Page 2 of 4
(122795DTI)
ATTACHMENT
Pursuant to Rules 16a-1(a)(3) and 16a-3(j) of the Securities Exchange Act
of 1934 and General Instruction 5(b)(v) of Form 3, the undersigned hereby
execute this attachment as joint filers with respect to the foregoing
Initial Statement of Beneficial Ownership of Securities (Date of Event
Requiring Statement - 12/28/98) regarding certain Class A Limited
Partnership Units of Heartland Partners, L.P. (AMEX: HTC):
WAVELAND PARTNERS, L.P.
333 West Wacker Drive, Suite 1600
Chicago, Illinois 60606
By: Waveland Capital Management, L.P.
Its: General Partner
By: Clincher Capital Corporation
Its: General Partner
By: /s/ David S. Richter
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David S. Richter, President
WAVELAND CAPITAL MANAGEMENT, L.P.
333 West Wacker Drive, Suite 1600
Chicago, Illinois 60606
By: Clincher Capital Corporation
Its: General Partner
By: /s/ David S. Richter
----------------------------
David S. Richter, President
CLINCHER CAPITAL CORPORATION
333 West Wacker Drive, Suite 1600
Chicago, Illinois 60606
By: /s/ David S. Richter
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David S. Richter, President
WAVELAND CAPITAL MANAGEMENT, LLC
333 West Wacker Drive, Suite 1600
Chicago, Illinois 60606
By: /s/ David S. Richter
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David S. Richter, Manager
Page 3 of 4
WAVELAND PARTNERS, LTD.
333 West Wacker Drive, Suite 1600
Chicago, Illinois 60606
By: /s/ David S. Richter
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David S. Richter, President
Page 4 of 4
