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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Catherines Stores Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
14916F100
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(CUSIP Number)
John D. Weil
200 N. Broadway, Suite 825, St. Louis, Missouri 63102 (314) 421-4600
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 6, 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(e), 13d-1(f) or 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 Rule
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).
(Continued on following page(s))
Page 1 of 5 Pages
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CUSIP NO. 14916F100 13D PAGE 2 OF 5 PAGES
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1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
WOODBOURNE PARTNERS, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
MISSOURI
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7 SOLE VOTING POWER
NUMBER OF
337,600, SUBJECT TO THE DISCLAIMER CONTAINED IN ITEM 5.
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
337,600, SUBJECT TO THE DISCLAIMER CONTAINED IN ITEM 5.
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
337,600, SUBJECT TO THE DISCLAIMER CONTAINED IN ITEM 5.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
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14 TYPE OF REPORTING PERSON (See Instructions)
PN
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CUSIP No. 14916F100 13D PAGE 3 of 5 PAGES
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AMENDMENT NO. 3 TO SCHEDULE 13D
John D. Weil, the sole shareholder and director of the corporate
general partner of Woodbourne Partners, L.P., reported the acquisition of shares
of Common Stock ("Stock") of Catherines Stores Corporation, a Delaware
corporation (the "Issuer"), 3742 Lamar Avenue, Memphis, Tennessee 38118 in an
initial filing of this Schedule 13D on July 22, 1997, as amended by that certain
Corrected Amendment No. 1 filed on June 18, 1999, and by that certain Amendment
No. 2 filed on August 5, 1999. Item 4 and Item 5 are hereby amended as follow by
this filing. All other items are unchanged from the initial filing, as
previously amended.
ITEM 4. Purpose of the Transaction.
The owner listed in Item 5 purchased the Stock of the Issuer for
general investment purposes. The owner listed in Item 5 may acquire additional
shares of the Stock of the Issuer, based upon its investment decisions. It is
not contemplated that any of the acquisitions reported hereunder or any future
acquisitions will result in any change in the present management of the Issuer.
The owner listed in Item 5 have no present plans or proposals which relate to or
would result in:
(a) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of
its subsidiaries;
(b) a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries;
(c) any change in the present board of directors or management of
the Issuer, including any plans or proposals to change the
number or term of directors or fill any existing vacancies on
the board;
(d) any material change in the present capitalization or dividend
policy of the Issuer;
(e) any other material change in the Issuer's business or
corporate structure;
(f) changes in the Issuer's charter, by-laws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
(g) causing a class of securities of the Issuer to be delisted
from a national securities exchange or cease to be quoted in
an inter-dealer quotation system of a registered national
securities association;
(h) a class of equity securities of the Issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act; or
(i) any action similar to those enumerated above.
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CUSIP No. 14916F100 13D PAGE 4 of 5 PAGES
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ITEM 5. Interest in Securities of the Issuer.
(a) Subject to the disclaimer of beneficial ownership hereinafter
set forth, the Reporting Person hereby reports beneficial
ownership of 337,600 shares of Stock in the manner hereinafter
described:
<TABLE>
<CAPTION>
Percentage of
Relationship to Number Outstanding
Shares Held in Name of Reporting Person of Shares Securities
---------------------- ---------------- --------- --------------
<S> <C> <C> <C>
Woodbourne Partners, L.P. Reporting Person 337,600 4.9%
</TABLE>
The foregoing percentages assume that the Issuer has 6,776,200 shares
of Stock outstanding.
AS PROVIDED IN S.E.C. REGULATION ss.240.13d-4, THE REPORTING PERSON
HEREBY DECLARES THAT THIS STATEMENT SHALL NOT BE CONSTRUED AS AN ADMISSION THAT
IT IS, FOR THE PURPOSES OF SECTION 13(d) OR 13(g) OF THE SECURITIES EXCHANGE
ACT, THE BENEFICIAL OWNER OF THE SECURITIES COVERED BY THIS STATEMENT.
(b) Subject to the above disclaimer of beneficial ownership, for each
person named in paragraph (a), the number of shares as to which
there is sole power to vote or direct the vote, shared power to
vote or direct the vote, sole power to dispose or direct the
disposition, or shared power to dispose or direct the
disposition, is the same as in paragraph (a).
(c)
<TABLE>
<CAPTION>
Number Price Transaction
Sold in the Name of Date of Shares Per Share Made Through
------------------- ---- --------- --------- ------------
<S> <C> <C> <C> <C>
Woodbourne Partners, L.P. 8/16/99 10,000 $14.1875 Jefferies & Co.
Woodbourne Partners, L.P. 8/17/99 5,000 $14.3750 Jefferies & Co.
Woodbourne Partners, L.P. 9/10/99 12,000 $13.4531 Jefferies & Co.
Woodbourne Partners, L.P. 9/13/99 5,000 $13.4375 Jefferies & Co.
Woodbourne Partners, L.P. 9/14/99 10,000 $13.4688 Jefferies & Co.
Woodbourne Partners, L.P. 10/1/99 5,000 $13.7500 Jefferies & Co.
Woodbourne Partners, L.P. 10/5/99 10,000 $14.2500 Cowen & Company
Woodbourne Partners, L.P. 10/6/99 20,400 $14.2781 Cowen & Company
Woodbourne Partners, L.P. 10/6/99 5,000 $14.1250 Jefferies & Co.
Woodbourne Partners, L.P. 10/8/99 10,000 $14.1250 Jefferies & Co.
Woodbourne Partners, L.P. 10/11/99 50,000 $14.1250 Jefferies & Co.
Woodbourne Partners, L.P. 10/12/99 18,800 $14.1250 Jefferies & Co.
Woodbourne Partners, L.P. 10/13/99 1,500 $13.9375 Jefferies & Co.
Woodbourne Partners, L.P. 10/14/99 3,000 $13.8750 Cowen & Company
</TABLE>
(d) Not applicable.
(e) The Reporting Person ceased to be the beneficial owner of more than
five percent (5%) of the Stock of the Issuer on October 14, 1999.
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CUSIP No. 14916F100 13D PAGE 5 of 5 PAGES
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After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
WOODBOURNE PARTNERS, L.P.
by its General Partner, CLAYTON
MANAGEMENT COMPANY
/s/ John D. Weil
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John D. Weil, President
October 15, 1999
