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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Footstar, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
344912-10-0
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(CUSIP Number)
* 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 the
disclosures provided in a prior cover page.
The information required in 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).
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SCHEDULE 13G
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CUSIP No. 344912-10-0 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON
ESL Partners, L.P., a Delaware limited partnership
22-2875193
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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 OR ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 3,672,155
OWNED BY ----------------------------------------------------------
EACH
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
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7 SOLE DISPOSITIVE POWER
3,672,155
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,387,300
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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)
21.05%
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12 TYPE OF REPORTING PERSON
PN
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CUSIP No. 344912-10-0 Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON
ESL Limited, a Bermuda corporation
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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 OR ORGANIZATION
Bermuda
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 605,644
OWNED BY ----------------------------------------------------------
EACH
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
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7 SOLE DISPOSITIVE POWER
605,644
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,387,000
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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)
21.05%
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12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 344912-10-0 Page 4 of 6 Pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON
ESL Institutional Partners, L.P., a Delaware limited partnership
06-1456821
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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 OR ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 109,501
OWNED BY ----------------------------------------------------------
EACH
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
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7 SOLE DISPOSITIVE POWER
109,501
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,387,300
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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)
21.05%
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12 TYPE OF REPORTING PERSON
PN
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Page 5 of 6 Pages
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Item 4 Ownership:
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(a) Amount Beneficially Owned: 4,387,300 shares of Common Stock, par value
$.01 per share.
This statement is filed on behalf of a group consisting of ESL
Partners, L.P., a Delaware limited partnership ("ESL"), ESL Limited, a
Bermuda corporation ("Limited"), and ESL Institutional Partners, L.P.,
a Delaware limited partnership ("Institutional"). The general partner
of ESL is RBS Partners, L.P. (the "General Partner"). The general
partner of the General Partner of ESL is ESL Investments, Inc., a
Delaware corporation ("Investments"). ESL Investment Management, LLC,
a Delaware limited liability company ("ESLIM"), is the investment
manager of Limited. RBS Investment Management, LLC, a Delaware
limited liability company ("RBSIM") is the general partner of
Institutional. In the aforementioned capacities, ESL, Limited, and
Institutional each may be deemed to be the beneficial owner of the
shares of Footstar, Inc. common stock beneficially owned by the other
members of the group.
As of December 31, 1999, (i) ESL was the record owner of 3,672,155
shares of common stock of Footstar, Inc.; (ii) Limited was the record
owner of 605,644 shares of common stock of Footstar, Inc.; and (iii)
Institutional was the record owner of 109,501 shares of common stock
of Footstar, Inc.
(b) Percent of Class: 21.05%.
(c) Number of shares as to which each person has:
(i) sole power to vote or to direct the vote:
See Item 5 of each cover page.
(ii) shared power to vote or to direct the vote: 0.
(iii) sole power to dispose or to direct the disposition of:
See Item 7 of each cover page.
(iv) shared power to dispose or to direct the disposition of: 0.
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Page 6 of 6 Pages
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SIGNATURE
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.
Date: February 14, 2000
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general
partner
By: ESL Investments, Inc., its
general partner
By: /s/ Edward S. Lampert
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Edward S. Lampert
Chairman
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/ Edward S. Lampert
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Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC,
its general partner
By: /s/ Edward S. Lampert
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Edward S. Lampert
Managing Member
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EXHIBITS
Exhibit 1 Joint Filing Agreement, dated as of October 9, 1998, entered into by
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and among ESL Partners, L.P., ESL Limited, and ESL Institutional
Partners, L.P. (incorporated by reference from the Schedule 13G of
ESL Partners, L.P., ESL Limited, and ESL Institutional Partners, L.P.
filed as of October 9, 1998).
