<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
Isle of Capri Casinos, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
464-592-104
---------------------------------------------------------------
(CUSIP Number)
Gregory A. Carlin
CLAM Partners
900 N. Michigan Avenue
Chicago, Illinois 60611
(312) 915-2800
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 22, 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 (S)(S)240.13d-1(e), 240.13d-1(f) or 240.13d-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 (S)240.13d-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).
Page 1 of 15
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 464-592-104 PAGE 2 OF 15 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
CLAM PARTNERS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 36-412-0279
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 110,636 (See Item 5)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 110,636 (See Item 5)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
110,636 (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 464-592-104 PAGE 3 OF 15 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Gregory A. Carlin
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 15,000 (See Item 5)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
110,636 (See Item 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 15,000 (See Item 5)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
110,636 (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
125,636 (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 464-592-104 PAGE 4 OF 15 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Neil G. Bluhm
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF, BK
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 380,000 (See Item 5)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
862,336 (See Item 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 380,000 (See Item 5)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
862,336 (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,242,336 (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO.464-592-104 PAGE 5 OF 15 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
Andrew G. Bluhm
1
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
59,925 (See Item 5)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 862,336 (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
59,925 (See Item 5)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
862,336 (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
922,261 (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
3.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 464-592-104 PAGE 6 OF 15 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
LAMB Partners
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 36-322-3574
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC,BK
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
751,700 (See Item 5)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 110,636 (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
751,700 (See Item 5)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
110,636 (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
862,336 (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
3.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 464-592-104 PAGE 7 OF 15 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Leslie N. Bluhm
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of Ameica
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 862,336 (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
862,336 (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
862,336 (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
3.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 464-592-104 PAGE 8 OF 15 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Meredith A. Bluhm-Wolf
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 862,336 (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
862,336 (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
862,336 (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
3.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. SECURITY AND ISSUER
This Statement on Schedule 13D (this "Statement") relates to the common stock,
par value $0.01 per share (the "Shares") of Isle of Capri Casinos, Inc., a
Delaware corporation (the "Company"). The principal executive offices of the
Company are located at 711 Washington Loop, Second Floor, Biloxi, Mississippi
39530.
ITEM 2. IDENTITY AND BACKGROUND
This Statement is being filed by and on behalf of CLAM Partners, the general
partners of CLAM Partners (LAMB Partners, Gregory A. Carlin, Neil G. Bluhm and
Andrew G. Bluhm), Gregory A. Carlin, Neil G. Bluhm, Andrew G. Bluhm, LAMB
Partners, the general partners of LAMB Partners (Leslie N. Bluhm, Andrew G.
Bluhm, Meredith A. Bluhm-Wolf and Neil G. Bluhm), Leslie N. Bluhm and Meredith
A. Bluhm-Wolf (collectively, the "Reporting Persons").
CLAM Partners is an Illinois general partnership with the principal business of
investing in securities located at 900 North Michigan Avenue, Chicago, Illinois
60611.
Gregory A. Carlin is the managing general partner of CLAM Partners and also
helps manage the investment activities of LAMB Partners located at 900 North
Michigan Avenue, Chicago, Illinois 60611.
Neil G. Bluhm is the managing general partner of LAMB Partners and a general
partner of CLAM Partners. Mr. Bluhm is also co-founder and president of JMB
Realty Corporation, an Illinois corporation that invests in real estate located
at 900 North Michigan Avenue, Chicago, Illinois 60611. Mr. Bluhm is also a co-
founder and Principal of Walton Street Capital, L.L.C., an Illinois limited
liability company that directs the management of several real estate opportunity
funds located at 900 North Michigan Avenue, Chicago, Illinois 60611. JMB Realty
Corporation and Walton Street Capital, L.L.C. have no interest in the securities
of the Company.
Andrew G. Bluhm is a general partner of LAMB Partners and CLAM Partners. Mr.
Bluhm is also a co-founder and Principal of Walton Street Capital, L.L.C. Walton
Street Capital, L.L.C. has no interest in the securities of the Company.
LAMB Partners is an Illinois general partnership with the principal business of
investing located at 900 North Michigan Avenue, Chicago, Illinois 60611. LAMB
Partners is also a general partner of CLAM Partners.
Leslie N. Bluhm is a general partner of LAMB Partners. Mrs. Bluhm is the founder
and Co-President of Chicago Cares, an Illinois non-for-profit corporation
located at 10 South Wacker Drive, Chicago, Illinois, and has not been and is not
anticipated to be directly involved in the investment activities of LAMB
Partners relating to the Company. Chicago Cares has no interest in the
securities of the Company.
Meredith A. Bluhm-Wolf is a general partner of LAMB Partners. Mrs. Bluhm-Wolf is
a student and has not been and is not anticipated to be directly involved in the
investment activities of LAMB Partners relating to the Company.
During the last five years, none of the persons filing this statement has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
During the last five years, none of the persons filing this statement has been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction of which the result of such proceeding was such persons was or is
still subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws on finding any violation with respect to such laws.
Page 9 of 15
<PAGE>
Each of Gregory A. Carlin, Neil G. Bluhm, Andrew G. Bluhm, Leslie N. Bluhm, and
Meredith A. Bluhm-Wolf is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS
CLAM Partners purchased an aggregate of 50,000 Shares for total consideration of
$145,989.81 derived from the capital of CLAM Partners. CLAM Partners purchased
warrants to acquire an aggregate of 60,636 Shares for total consideration of
$18,190.80 derived from the capital of CLAM Partners.
Gregory A. Carlin individually purchased an aggregate of 15,000 Shares for total
consideration of $56,812.60 derived from his own capital.
Neil G. Bluhm individually purchased an aggregate of 380,000 Shares for total
consideration of $1,282,470.09 derived from his own capital and margin
indebtedness from Bear Stearns & Co. Inc.
Andrew G. Bluhm individually purchased an aggregate of 59,925 Shares for total
consideration of $185,387.50 derived from his own capital.
LAMB Partners purchased an aggregate of 751,700 Shares for total consideration
of $2,661,076.01 derived from the capital of LAMB Partners and margin
indebtedness from Bear Stearns & Co. Inc.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Persons have acquired the Shares and derivative securities
because, in their opinion, such securities are undervalued by the market at the
present time under the present circumstances. The Reporting Persons will monitor
developments at the Company, and may communicate with members of management of
the Company and with other shareholders and interested parties concerning the
Company.
The Reporting Persons may from time-to-time (i) acquire additional Shares and
derivative securities (subject to availability at prices deemed favorable) in
the open market, in privately negotiated transactions or otherwise, or (ii)
dispose of Shares and derivative securities at prices deemed favorable in the
open market, in privately negotiated transactions or otherwise.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date of this Statement, the Reporting Persons beneficially owned
in the aggregate 1,317,261 Shares, which includes 60,636 Shares subject to
warrants owned by CLAM Partners that are exercisable within 60 days of
April 1, 1999. Based upon (i) the 23,568,562 Shares outstanding on March 3,
1999 as set forth in the Company's quarterly report on Form 10-Q for the
quarterly period ending January 24, 1999 filed March 10, 1999 and (ii) the
60,363 Shares subject to warrants owned by CLAM Partners that are
exercisable within 60 days of April 1, 1999, these Shares represent 5.6% of
the outstanding Shares of the Company. The Reporting Persons may be deemed
to have direct beneficial ownership of the Securities as follows:
Page 10 of 15
<PAGE>
DIRECTLY HELD OWNERSHIP:
<TABLE>
<CAPTION>
APPROXIMATE
PERCENTAGE OF
NAME SHARES WARRANTS OUTSTANDING
---- --------- -------- --------------
<S> <C> <C> <C>
CLAM Partners 50,000 60,636 0.5%
Gregory A. Carlin 15,000 0 0.1%
Neil G. Bluhm 380,000 0 1.6%
Andrew G. Bluhm 59,925 0 0.3%
LAMB Partners 751,700 0 3.2%
Total 1,256,625 60,636 5.6%
</TABLE>
Under Rule 13d-3 of the Securities Exchange Act of 1934, Gregory A. Carlin,
Neil G. Bluhm and Andrew G. Bluhm, as general partners of CLAM Partners,
may be deemed to beneficially own securities beneficially owned by CLAM
Partners. Gregory A. Carlin, Neil G. Bluhm and Andrew G. Bluhm expressly
disclaim beneficial ownership of such Securities.
Under Rule 13d-3 of the Securities Exchange Act of 1934, LAMB Partners, as
a general partner of CLAM Partners, may also be deemed to beneficially own
securities beneficially owned by CLAM Partners. LAMB Partners and its
general partners (Leslie N. Bluhm, Andrew G. Bluhm, Meredith A. Bluhm-Wolf
and Neil G. Bluhm) expressly disclaim beneficial ownership of such
Securities.
Under Rule 13d-3 of the Securities Exchange Act of 1934, Leslie N. Bluhm,
Andrew G. Bluhm, Meredith A. Bluhm-Wolf and Neil G. Bluhm, as general
partners of LAMB Partners, may be deemed to beneficially own securities
beneficially owned by LAMB Partners. The general partners of LAMB Partners
(Leslie N. Bluhm, Andrew G. Bluhm, Meredith A. Bluhm-Wolf and Neil G.
Bluhm) expressly disclaim beneficial ownership of such Securities.
(b) Shares shown above as directly held by Neil G. Bluhm, Andrew G. Bluhm and
Gregory A. Carlin are Shares for which such persons have the sole power to
vote, direct the vote, dispose or direct the disposition.
CLAM Partners has the sole power to vote, direct the vote, dispose or
direct the disposition of Shares shown above as directly owned by CLAM
Partners. As managing general partner of CLAM Partners, Gregory A. Carlin
may be deemed to share with CLAM Partners the power to vote, direct the
vote, dispose or direct the disposition of such Shares. As non-managing
general partners of CLAM Partners, Neil G. Bluhm, Andrew G. Bluhm and LAMB
Partners may also be deemed to share with CLAM Partners the power to vote,
direct the vote, dispose or direct the disposition of such Shares.
LAMB Partners has the sole power to vote, direct the vote, dispose or
direct the disposition of Shares shown above as directly owned by LAMB
Partners. As general partners of LAMB Partners, Leslie N. Bluhm, Andrew G.
Bluhm, Meredith A. Bluhm-Wolf and Neil G. Bluhm may be deemed to share with
LAMB Partners the power to vote, direct the vote, dispose or direct the
disposition of such Shares and other Shares beneficially owned by LAMB
Partners.
(c) The Reporting Persons engaged in the following transactions in Shares of
the Company during the last 60 days. All transactions involved the purchase
of Shares on the NYSE.
<TABLE>
<CAPTION>
DIRECT
BENEFICIAL OWNER DATE SHARES PRICE/SHARE
---------------- ------- ------ -----------
<S> <C> <C> <C>
Gregory A. Carlin 2/2/99 4,000 4.2344
Gregory A. Carlin 2/3/99 5,000 4.4500
Neil G. Bluhm 3/23/99 80,000 4.3464
LAMB Partners 2/2/99 5,000 4.0350
LAMB Partners 2/11/99 1,000 4.2425
</TABLE>
Page 11 of 15
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
LAMB Partners 2/12/99 3,000 4.2258
LAMB Partners 2/16/99 1,000 4.3050
LAMB Partners 2/17/99 1,500 4.3125
LAMB Partners 3/4/99 15,000 4.5000
LAMB Partners 3/23/99 10,000 4.3125
LAMB Partners 3/24/99 1,000 4.6250
LAMB Partners 3/25/99 16,000 4.9385
LAMB Partners 3/26/99 1,000 4.9375
LAMB Partners 3/30/99 10,000 4.8125
LAMB Partners 3/31/99 39,400 4.7000
</TABLE>
(d) Not Applicable.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
To the best of the knowledge of the Reporting Persons, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among the
Reporting Persons or between the Reporting Persons and any other person with
respect to any securities of the Company, including but not limited to transfer
or voting of any of the securities, finder's fees, joint ventures, loan or
option arrangements, put or class, guarantees of profits, division of profits or
loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
A. Joint Filing Agreement
SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief, the
undersigned, as to themselves only, certify that the information set forth in
this statement is true, complete and correct.
Dated: April 1, 1998
CLAM PARTNERS
By: /s/ Gregory A. Carlin
Gregory A. Carlin
General Partner
By: /s/ Neil G. Bluhm
Neil G. Bluhm
General Partner
By: /s/ Andrew G. Bluhm
Andrew G. Bluhm
General Partner
Page 12 of 15
<PAGE>
By: LAMB PARTNERS
as General Partner of CLAM Partners
/s/ Neil G. Bluhm
Neil G. Bluhm
General Partner
GREGORY A. CARLIN
By: /s/ Gregory A. Carlin
Gregory A. Carlin
NEIL G. BLUHM
By: /s/ Neil G. Bluhm
Neil G. Bluhm
ANDREW G. BLUHM
By: /s/ Andrew G. Bluhm
Andrew G. Bluhm
LAMB PARTNERS
By: /s/ Neil G. Bluhm
Neil G. Bluhm
General Partner
By: /s/ Andrew G. Bluhm
Andrew G. Bluhm
General Partner
By: /s/ Leslie N. Bluhm
Leslie N. Bluhm
General Partner
By: /s/ Meredith A. Bluhm-Wolf
Meredith A. Bluhm-Wolf
General Partner
LESLIE N. BLUHM
By: /s/ Leslie N. Bluhm
Leslie N. Bluhm
General Partner
MEREDITH A. BLUHM-WOLF
By: /s/ Meredith A. Bluhm-Wolf
Meredith A. Bluhm-Wolf
General Partner
Page 13 of 15
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, the persons named below agree to the joint filing on behalf of them of
a statement on Schedule 13D (including amendments thereto) with respect to the
common stock, par value $0.01 per share, of Isle of Capri Casinos, Inc., and
further agree that this Joint Filing Agreement be included as an Exhibit to such
joint filing. In evidence thereof, the undersigned hereby execute this
Agreement this 1st day of April, 1999.
CLAM PARTNERS
By: /s/ Gregory A. Carlin
Gregory A. Carlin
General Partner
By: /s/ Neil G. Bluhm
Neil G. Bluhm
General Partner
By: /s/ Andrew G. Bluhm
Andrew G. Bluhm
General Partner
By: LAMB PARTNERS
as General Partner of CLAM Partners
/s/ Neil G. Bluhm
Neil G. Bluhm
General Partner
GREGORY A. CARLIN
By: /s/ Gregory A. Carlin
Gregory A. Carlin
NEIL G. BLUHM
By: /s/ Neil G. Bluhm
Neil G. Bluhm
ANDREW G. BLUHM
By: /s/ Andrew G. Bluhm
Andrew G. Bluhm
LAMB PARTNERS
By: /s/ Neil G. Bluhm
Neil G. Bluhm
General Partner
Page 14 of 15
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By: /s/ Andrew G. Bluhm
Andrew G. Bluhm
General Partner
By: /s/ Leslie N. Bluhm
Leslie N. Bluhm
General Partner
By: /s/ Meredith A. Bluhm-Wolf
Meredith A. Bluhm-Wolf
General Partner
LESLIE N. BLUHM
By: /s/ Leslie N. Bluhm
Leslie N. Bluhm
General Partner
MEREDITH A. BLUHM-WOLF
By: /s/ Meredith A. Bluhm-Wolf
Meredith A. Bluhm-Wolf
General Partner
Page 15 of 15
