FORM 4
( ) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
|_____________________|
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB NUMBER: 3235-0287|
|EXPIRES: |
| SEPTEMBER 30, 1998|
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE ... 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
___________________________________________________________________________
1. Name and Address of Reporting Person
SMITH, JR. WARREN C.
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(Last) (First) (Middle)
C/O THOMAS H. LEE COMPANY, 75 STATE STREET, SUITE 2600
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(Street)
BOSTON MASSACHUSETTS 02109
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(City) (State) (Zip)
___________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
JUST FOR FEET, INC. (FEET)
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3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
___________________________________________________________________________
4. Statement for Month/Year
AUGUST AND SEPTEMBER 1998
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5. If Amendment, Date of Original (Month/Year)
___________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director
( ) 10% Owner
( ) Officer (give title below)
( ) Other (specify title below)
_____________________________________________
___________________________________________________________________________
7. Individual, or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
___________________________________________________________________________
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
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1. Title of Security (Instr. 3)
COMMON STOCK, PAR VALUE $.0001 PER SHARE
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2. Transaction Date (Month/Day/Year)
8/19/98
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3. Transaction Code (Instr. 8)
J
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
Amount: 92 (D) Price: SEE EXPLANATION OF RESPONSES BELOW (3)
___________________________________________________________________________
5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
3,206
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
I
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
SEE EXPLANATION OF RESPONSES BELOW (1)
___________________________________________________________________________
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 3)
WARRANTS TO PURCHASE COMMON STOCK
___________________________________________________________________________
2. Conversion or Exercise Price of Derivative Security
SEE EXPLANATION OF RESPONSES BELOW (2)
___________________________________________________________________________
3. Transaction Date (Month/Day/Year)
8/19/98
___________________________________________________________________________
4. Transaction Code (Instr. 8)
J
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
Number: 92 (D)
___________________________________________________________________________
6. Date Exercisable and Expiration Date (Month/Day/Year)
Exercisable: 07/02/98 Expiration: 07/02/03
___________________________________________________________________________
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
COMMON STOCK, PAR VALUE $.0001 PER SHARE Amount/Number: 91.58
___________________________________________________________________________
8. Price of Derivative Securities (Instr. 5)
SEE EXPLANATION OF RESPONSES BELOW (3)
___________________________________________________________________________
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
3,205.76
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10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
I
___________________________________________________________________________
11. Nature of Indirect Beneficial Ownership (Instr. 4)
SEE EXPLANATION OF RESPONSES BELOW (2)
___________________________________________________________________________
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TABLE II -Continued:
___________________________________________________________________________
1. Title of Derivative Security (Instr. 3)
WARRANTS TO PURCHASE COMMON STOCK
___________________________________________________________________________
2. Conversion or Exercise Price of Derivative Security
SEE EXPLANATION OF RESPONSES BELOW (2)
___________________________________________________________________________
3. Transaction Date (Month/Day/Year)
9/10/98
___________________________________________________________________________
4. Transaction Code (Instr. 8)
J
___________________________________________________________________________
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
Amount: 69.21 (D)
___________________________________________________________________________
6. Date Exercisable and Expiration Date (Month/Day/Year)
Exercisable: 07/02/98 Expiration: 07/02/03
___________________________________________________________________________
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
COMMON STOCK, PAR VALUE $.0001 PER SHARE Amount/Number: 69
___________________________________________________________________________
8. Price of Derivative Securities (Instr. 5)
SEE EXPLANATION OF RESPONSES BELOW (4)
___________________________________________________________________________
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
3,136.55
___________________________________________________________________________
10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
I
___________________________________________________________________________
11. Nature of Indirect Beneficial Ownership (Instr. 4)
SEE EXPLANATION OF RESPONSES BELOW (2) AND (4)
___________________________________________________________________________
EXPLANATION OF RESPONSES: SEE BELOW.
/s/ Warren C. Smith, Jr. September 10, 1998
_____________________________________ ___________________
** SIGNATURE OF REPORTING PERSON DATE
_____________________________
** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a).
NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY
SIGNED. IF SPACE IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE.
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB NUMBER.
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EXPLANATION OF RESPONSES
(1) The reporting person has an interest in the Common Stock, par value
$.0001 per share, of the issuer (the "Common Stock") as a partner of
THL-CCI Limited Partnership ("THL - CCI") which is one of the members
of Sneaker Guarantee LLC ("Sneaker"). THL-CCI owns units of equity
interest in Sneaker. Sneaker has a direct interest in the Common
Stock. The number of shares reported by the reporting person
represents the reporting person's proportionate share of the Common
Stock beneficially owned by Sneaker. During the period, some of the
units of equity interest of Sneaker held by THL-CCI were redeemed by
Sneaker and sold to other persons. The number of shares reported on
this line as disposed of by the reporting person represents the
decrease in the reporting person's proportionate share of the Common
Stock beneficially owned by Sneaker as a result of this redemption and
sale.
(2) As a partner of THL-CCI which is one of the members of Sneaker, the
reporting person has an interest in the Warrants, each of which has a
five-year term and represents the right to purchase 0.99701626 of a
share of Common Stock at an exercise price equal to $21.59 per share,
subject to antidilution adjustment (the "Warrants"). THL-CCI owns
units of equity interest in Sneaker. Sneaker has a direct interest in
the Warrants. The number of Warrants reported by the reporting person
represents the reporting person's proportionate share of the Warrants
beneficially owned by Sneaker. During the period, some of the units
of equity interest of Sneaker held by THL-CCI were redeemed by Sneaker
and sold to other persons. The number of Warrants reported on this
line as disposed of by the reporting person represents the decrease in
the reporting person's proportionate share of the Warrants
beneficially owned by Sneaker as a result of this redemption and sale.
(3) The number of Common Stock and Warrants sold by the reporting person
represents the decrease in his proportionate share of the Common Stock
and Warrants after giving effect to the redemption and sale of units
of equity interest in Sneaker referred to in the preceding notes.
These redemptions and sales were effected at a price which indirectly
represents approximately $21.59, in aggregate, for one share of Common
Stock and one Warrant disposed of together as a unit.
(4) As contemplated by an earlier transaction, Sneaker 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). The consideration for this transaction was other than cash
and included the execution by such debtholders of amendments to the
agreements governing the indebtedness owed by Sneaker Stadium, Inc. to
them. The number of Warrants reported as disposed of by the reporting
person on this line represents the decrease in the reporting person's
proportionate share of the Warrants beneficially owned by Sneaker as a
result of this grant.