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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(AMENDMENT NO. 1)(1)
BRADLEES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
104499207
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(CUSIP Number)
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(1) 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 (the "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).
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CUSIP NO. 104499207 13G Page 2 of 13 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Gemina Partners, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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Number of 5 SOLE VOTING POWER
Shares
Beneficially 0
Owned by ---------------------------------------------
Each 6 SHARED VOTING POWER
Reporting
Person with 656,000
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7 SOLE DISPOSITIVE POWER
0
---------------------------------------------
8 SHARED DISPOSITIVE POWER
656,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
656,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.7%
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12 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 104499207 13G Page 3 of 13 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Gemina Capital Management, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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Number of 5 SOLE VOTING POWER
Shares
Beneficially
Owned by 0
Each
Reporting -------------------------------------------
Person with
6 SHARED VOTING POWER
656,000
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7 SOLE DISPOSITIVE POWER
0
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8 SHARED DISPOSITIVE POWER
656,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
656,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.7%
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12 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 104499207 13G Page 4 of 13 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Leonard E. Schuster
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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Number of 5 SOLE VOTING POWER
Shares
Beneficially 0
Owned by
Each ---------------------------------------------------
Reporting
Person with 6 SHARED VOTING POWER
859,500
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7 SOLE DISPOSITIVE POWER
0
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8 SHARED DISPOSITIVE POWER
859,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
859,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 104499207 13G Page 5 of 13 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Steven J. Schuster
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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Number of 5 SOLE VOTING POWER
Shares
Beneficially 0
Owned by
Each -----------------------------------------------------
Reporting
Person with 6 SHARED VOTING POWER
861,900
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7 SOLE DISPOSITIVE POWER
0
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8 SHARED DISPOSITIVE POWER
861,900
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
861,900
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 104499207 13G Page 6 of 13 Pages
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ITEM 1(a). NAME OF ISSUER:
Bradlees, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
One Bradlees Circle
Braintree, Massachusetts 02184
ITEM 2(a). NAME OF PERSONS FILING:
Gemina Partners, L.P.
Gemina Capital Management, L.L.C.
Leonard E. Schuster
Steven J. Schuster
Reference is made to the Joint Filing Agreement of the Reporting Persons,
attached as Exhibit 1 to the original filing of this statement on Schedule
13G, filed pursuant to Rule 13d-1(k)(l) under the Securities Exchange Act
of 1934, as amended.
ITEM 2(b). ADDRESS OF PRINCIPAL OFFICE, OR IF NONE, RESIDENCE:
900 Third Avenue, 2nd Floor
New York, New York 10022
ITEM 2(c). CITIZENSHIP:
Gemina Partners, L.P.: Delaware
Gemina Capital Management, L.L.C.: New York
Leonard E. Schuster: U.S.A.
Steven J. Schuster: U.S.A.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
104499207
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act.
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CUSIP NO. 104499207 13G Page 7 of 13 Pages
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(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [X]
ITEM 4. OWNERSHIP:
The number of shares shown below as beneficially owned by each of the
Reporting Persons, and the percentage of outstanding shares represented
thereby, have been computed in accordance with Rule 13d-3 under the
Securities Exchange Act of 1934, as amended. The percentage ownership of
the Reporting Persons is based on 9,780,347 outstanding shares of Common
Stock of the Issuer as of December 7, 1999, as reported in the Issuer's
report on Form 10-Q for the quarterly period ended October 30, 1999.
Gemina Partners, L.P.
(a) Amount Beneficially Owned: 656,000
(b) Percent of Class: 6.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 656,000
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
656,000
Gemina Capital Management, L.L.C.
(a) Amount Beneficially Owned: 656,000
(b) Percent of Class: 6.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
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CUSIP NO. 104499207 13G Page 8 of 13 Pages
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(ii) shared power to vote or to direct the vote: 656,000
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
656,000
As the general partner of Gemina Partners, L.P. ("Gemina Partners") Gemina
Capital Management, L.L.C. may be deemed to be the indirect beneficial owner of
the 656,000 shares of the Issuer's Common Stock directly held by Gemina
Partners.
Leonard E. Schuster
(a) Amount Beneficially Owned: 859,500
(b) Percent of Class: 8.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 859,500
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
859,500
As the managing members of Gemina Capital Management, L.L.C., which is the
general partner of Gemina Partners, Leonard Schuster and Steven Schuster each
may be deemed to be indirect beneficial owners of the 656,000 shares of the
Issuer's Common Stock directly held by Gemina Partners. In addition, Leonard
Schuster and Steven Schuster may be deemed to be the indirect beneficial owners
of 203,500 shares of the Issuer's Common Stock directly held by Stelvio Limited,
a Jersey, Channel Islands company that they jointly control.
Steven J. Schuster
(a) Amount Beneficially Owned: 861,900
(b) Percent of Class: 8.8%
(c) Number of shares as to which such person has: 861,900
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 861,900
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
861,900
As the managing members of Gemina Capital Management, L.L.C., which is the
general partner of Gemina Partners, Leonard Schuster and Steven Schuster each
may be deemed to be indirect beneficial owners of the 656,000 shares of the
Issuer's Common Stock directly held by Gemina Partners. In addition, Leonard
Schuster and Steven Schuster may be deemed to be the indirect beneficial owners
of 203,500 shares of the Issuer's Common Stock directly held by Stelvio Limited,
a Jersey, Channel Islands company that they jointly control. The shares of the
Issuer's Common Stock shown as
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CUSIP NO. 104499207 13G Page 9 of 13 Pages
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beneficially owned by Steven Schuster also include 2,400 shares that are
directly held by his spouse, Michele Schuster. Steven Schuster disclaims
beneficial ownership of such 2,400 shares.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class securities, check the
following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
ITEM 10. CERTIFICATION:
By signing below, each of the undersigned certifies that, to the best of
the undersigned's knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participation in any transaction
having that purpose or effect.
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CUSIP NO. 104499207 13G Page 10 of 13 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: February 2, 2000
GEMINA PARTNERS, L.P.
By: Gemina Capital Management, L.L.C.
By: /s/ Leonard E. Schuster
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Name: Leonard E. Schuster
Title: Managing Member
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CUSIP NO. 104499207 13G Page 11 of 13 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: February 2, 2000
GEMINA CAPITAL MANAGEMENT, L.L.C.
By: /s/ Leonard E. Schuster
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Name: Leonard E. Schuster
Title: Managing Member
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CUSIP NO. 104499207 13G Page 12 of 13 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: February 2, 2000
/s/ Leonard E. Schuster
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Leonard E. Schuster
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CUSIP NO. 104499207 13G Page 13 of 13 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: February 2, 2000
/s/ Steven J. Schuster
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Steven J. Schuster
