UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person (1)
High River Limited Partnership ("High River")
100 South Bedford Road
Mount Kisco, New York 10549
Riverdale LLC ("Riverdale")
100 South Bedford Road
Mount Kisco, New York 10549
Carl C. Icahn
c/o Icahn Associates Corp.
767 Fifth Avenue, 47th Floor
New York, New York 10153
2. Date of Event Requiring Statement (Month/Day/Year)
May 11, 1999
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Salant Corporation
SLNT
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/Day/Year)
7. Individual or Joint/Group Filing (Check applicable line)
( ) Form filed by One Reporting Person
( X ) Form filed by More than One Reporting Person (1)
Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security
Common Stock, $1.00 par value per share ("Shares")
2. Amount of Securities Beneficially Owned
1,807,898 (1) (2)
3. Ownership Form: Direct (D) or Indirect (I)
High River: D
Riverdale: I
Carl C. Icahn: I
4. Nature of Indirect Beneficial Ownership
See explanation below
Table II -- Derivative Securities Beneficially Owned
1. Title of Derivative Security
2. Date Exercisable and Expiration Date (Month/Day/Year) Date Exercisable:
Expiration Date:
3. Title and Amount of Underlying Securities Underlying Derivative
Security Title:
Amount or Number of Shares:
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4. Conversion or Exercise Price of Derivative Security
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
6. Nature of Indirect Beneficial Ownership
Explanation of Responses:
(1) 1,807,898 Shares are owned directly by High River. The general partner of
High River is Riverdale. Riverdale is wholly owned by Carl C. Icahn. Riverdale
(by virtue of its position as general partner of High River) and Mr. Icahn (by
virtue of his control of Riverdale) may be deemed to indirectly beneficially own
Shares of which High River is the direct beneficial owner.
(2) Does not include shares owned by two master pension trust funds for which
affiliates of the Reporting Persons act as plan sponsors, which shares are
managed by an independent investment management firm unaffiliated with the
Reporting Persons.
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SIGNATURE OF REPORTING PERSONS
HIGH RIVER LIMITED PARTNERSHIP
By: Riverdale LLC, General Partner
By: /s/ Carl C. Icahn
Name: Carl C. Icahn
Title: Sole Member
RIVERDALE LLC
By: /s/ Carl C. Icahn
Name: Carl C. Icahn
Title: Sole Member
/s/ Carl C. Icahn
CARL C. ICAHN
DATE
July 26, 1999
