SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Just For Feet, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
48213P106
(CUSIP Number)
Sneaker Guarantee LLC
c/o Thomas H. Lee Company
75 State Street
Boston, Massachusetts 02109
(617) 227-1050
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 10, 1998
(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(b)(3) or (4), check
the following box [ ].
SCHEDULE 13D
CUSIP No. 48213P106
_______________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sneaker Guarantee LLC
_______________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
_______________________________________________________________________
(3) SEC USE ONLY
_______________________________________________________________________
(4) SOURCE OF FUNDS
OO
_______________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
_______________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_______________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,849,946 (See Item 5)
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON ___________________________________
WITH (10) SHARED DISPOSITIVE POWER
1,849,946 (See Item 5)
_______________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,849,946 (See Item 5)
_______________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_______________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
6.1% (See Item 5)
_______________________________________________________________________
(14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________
SCHEDULE 13D
CUSIP No. 48213P106
_______________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas H. Lee Equity Fund III, L.P.
_______________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
_______________________________________________________________________
(3) SEC USE ONLY
_______________________________________________________________________
(4) SOURCE OF FUNDS
OO
_______________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
_______________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_______________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,849,946 (See Item 5)
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
1,849,946 (See Item 5)
_______________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,849,946 (See Item 5)
_______________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_______________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
6.1% (See Item 5)
_______________________________________________________________________
(14) TYPE OF REPORTING PERSON
PN
_______________________________________________________________________
SCHEDULE 13D
CUSIP No. 48213P106
_______________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THL Equity Advisors III Limited Partnership
_______________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
_______________________________________________________________________
(3) SEC USE ONLY
_______________________________________________________________________
(4) SOURCE OF FUNDS
OO
_______________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
_______________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
_______________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,849,946 (See Item 5)
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
1,849,946 (See Item 5)
_______________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,849,946 (See Item 5)
_______________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_______________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
6.1% (See Item 5)
_______________________________________________________________________
(14) TYPE OF REPORTING PERSON
PN
_______________________________________________________________________
SCHEDULE 13D
CUSIP No. 48213P106
_______________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THL Equity Trust III
_______________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
_______________________________________________________________________
(3) SEC USE ONLY
_______________________________________________________________________
(4) SOURCE OF FUNDS
N/A
_______________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
_______________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
_______________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,849,946 (See Item 5)
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
1,849,946 (See Item 5)
_______________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,849,946 (See Item 5)
_______________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_______________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
6.1% (See Item 5)
_______________________________________________________________________
(14) TYPE OF REPORTING PERSON
OO
_______________________________________________________________________
This Amendment No. 1 to Schedule 13-D (this "Amendment No. 1")
is being jointly filed by the following persons (collectively, the
"Reporting Persons") pursuant to Rule 13d-(1)(f) under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"):
(1) Sneaker Guarantee LLC, a Delaware limited liability company
("Sneaker"), by virtue of its direct beneficial ownership of 926,355
shares of Common Stock (the "Shares"), and 926,355 warrants, each of
which has a five-year term and represents the right to purchase
.99701626 of a share of Common Stock at an exercise price of $21.59
per share, subject to antidilution adjustment (the "Warrants").
(2) Thomas H. Lee Equity Fund III, L.P., a Delaware limited
partnership ("Equity Fund III"), by virtue of its direct beneficial
ownership of an 83.4% equity interest in Sneaker, which represents a
majority controlling interest in Sneaker;
(3) THL Equity Advisors III Limited Partnership, a Massachusetts
limited partnership ("Advisors III"), as sole general partner of
Equity Fund III and as sole Manager of Sneaker; and
(4) THL Equity Trust III, a Massachusetts business trust ("Trust
III"), as sole general partner of Advisors III.
This Amendment No. 1 amends, to the extent set forth herein,
Item 5 of a statement on Schedule 13-D dated July 2, 1998, originally filed
by the Reporting Persons (the "Existing Schedule 13-D"), relating to the
Common Stock of JFF. Capitalized terms used in this Amendment No. 1 and not
otherwise defined herein shall have the meanings ascribed to such terms in
the Existing Schedule 13-D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Sneaker redeemed some of the Units in Sneaker held by Equity
Fund III and others and certain former holders of securities of Sneaker
Stadium, Inc. purchased those Units from Sneaker. As a result of these
transactions, the beneficial ownership interest held in Sneaker by Equity
Fund III has decreased from 85.8% to 83.4%.
In addition, as contemplated by an earlier transaction, Sneaker
has granted to certain former subordinated creditors of Sneaker Stadium,
Inc. the right to the economic value realized by Sneaker with respect to
the disposition of 20,000 of the Warrants (or the Common Stock underlying
such Warrants).
After reasonable inquiry and to the best knowledge and belief
of each of the undersigned, each such person certifies that the information
set forth in this statement is true, complete and correct.
SNEAKER GUARANTEE LLC
By: THL Equity Advisors III Limited
Partnership, its Manager
By: THL Equity Trust III,
its General Partner
Date: September 10, 1998 By /s/ Wendy Masler
______________________________
Name: Wendy Masler
Title: Treasurer
THOMAS H. LEE EQUITY FUND III, L.P.
By: THL Equity Advisors III Limited
Partnership, its General Partner
By: THL Equity Trust III,
its General Partner
Date: September 10, 1998 By /s/ Wendy Masler
_____________________________
Name: Wendy Masler
Title: Treasurer
THL EQUITY ADVISORS III LIMITED PARTNERSHIP
By: THL Equity Trust III,
its General Partner
Date: September 10, 1998 By /s/ Wendy Masler
____________________________
Name: Wendy Masler
Title: Treasurer
THL EQUITY TRUST III
Date: September 10, 1998 By /s/ Wendy Masler
____________________________
Name: Wendy Masler
Title: Treasurer
