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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 13)
-----------
FOOT LOCKER, INC.
(formerly named Venator Group, Inc.)
(Name of Issuer)
Common Stock, $.01 par value per share 344849 10 4
(Title of class of securities) (CUSIP number)
Gary K. Duberstein, Esq.
Greenway Partners, L.P.
909 Third Avenue, 30th Floor
New York, New York 10022
(212) 350-5100
(Name, address and telephone number of person authorized
to receive notices and communications)
November 2, 2001
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss. 240.13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 15 pages)
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NY2:\1095125\02\NH0502!.DOC\56392.0003
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CUSIP No. 344849 10 4 13D Page 2 of 15 Pages
---------------------------------------------------- -----------------------------------------------
------------------------ -------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON GREENWAY PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. 13-3714238
OF ABOVE PERSON
------------------------ -------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------------ -------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------ -------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, 00
------------------------ -------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
[_]
------------------------ -------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
------------------------ -------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 2,350,000
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,350,000
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,350,000
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.7%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
------------------------ -------------------------------------------------------------------------------------------
2
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CUSIP No. 344849 10 4 13D Page 3 of 15 Pages
---------------------------------------------------- -----------------------------------------------
------------------------ -------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON GREENTREE PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. 13-3752875
OF ABOVE PERSON
------------------------ -------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------------ -------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------ -------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, 00
------------------------ -------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------ -------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
------------------------ -------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,500,900
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,500,900
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 1,500,900
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.1%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
------------------------ -------------------------------------------------------------------------------------------
3
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CUSIP No. 344849 10 4 13D Page 4 of 15 Pages
---------------------------------------------------- -----------------------------------------------
------------------------ -------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON GREENHOUSE PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. 13-3793447
OF ABOVE PERSON
------------------------ -------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------------ -------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------ -------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, AF, 00
------------------------ -------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------ -------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
------------------------ -------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,350,000
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,350,000
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,350,000
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.7%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
------------------------ -------------------------------------------------------------------------------------------
4
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CUSIP No. 344849 10 4 13D Page 5 of 15 Pages
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------------------------ -------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON GREENHUT L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. 13-3793450
OF ABOVE PERSON
------------------------ -------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------------ -------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------ -------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, AF, 00
------------------------ -------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
[_]
------------------------ -------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
------------------------ -------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,500,900
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,500,900
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 1,500,900
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.1%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
------------------------ -------------------------------------------------------------------------------------------
5
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CUSIP No. 344849 10 4 13D Page 6 of 15 Pages
---------------------------------------------------- -----------------------------------------------
------------------------ -------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON GREENBELT CORP.
S.S. OR I.R.S. IDENTIFICATION NO. 13-3791931
OF ABOVE PERSON
------------------------ -------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------------ -------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------ -------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: 00
------------------------ -------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------ -------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
------------------------ -------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 9,070,448
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 9,070,448
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 9,070,448
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 6.5%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
------------------------ -------------------------------------------------------------------------------------------
6
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CUSIP No. 344849 10 4 13D Page 7 of 15 Pages
---------------------------------------------------- -----------------------------------------------
------------------------ -------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON GREENSEA OFFSHORE, L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
------------------------ -------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------------ -------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------ -------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, 00
------------------------ -------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
[_]
------------------------ -------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands
------------------------ -------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 2,150,000
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,150,000
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,150,000
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.5%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
------------------------ -------------------------------------------------------------------------------------------
7
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CUSIP No. 344849 10 4 13D Page 8 of 15 Pages
---------------------------------------------------- -----------------------------------------------
------------------------ -------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON GREENHUT OVERSEAS, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. 13-3868906
OF ABOVE PERSON
------------------------ -------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------------ -------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------ -------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, AF, 00
------------------------ -------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------ -------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
------------------------ -------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,150,000
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,150,000
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,150,000
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.5%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
------------------------ -------------------------------------------------------------------------------------------
8
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CUSIP No. 344849 10 4 13D Page 9 of 15 Pages
---------------------------------------------------- -----------------------------------------------
------------------------ -------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON ALFRED D. KINGSLEY
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
------------------------ -------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------------ -------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------ -------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, AF, 00
------------------------ -------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
[_]
------------------------ -------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------ -------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 832,300
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 15,071,348
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 832,300
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 15,071,348
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 15,903,648
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 11.4%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------------ -------------------------------------------------------------------------------------------
9
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CUSIP No. 344849 10 4 13D Page 10 of 15 Pages
---------------------------------------------------- -----------------------------------------------
------------------------ -------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON GARY K. DUBERSTEIN
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
------------------------ -------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------------ -------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------ -------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, AF, 00
------------------------ -------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
[_]
------------------------ -------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
------------------------ -------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------- -----------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 15,071,348
OWNED BY
---------------- -----------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------- -----------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 15,071,348
------------------------ -------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 15,071,348
------------------------ -------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
------------------------ -------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 10.8%
------------------------ -------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------------ -------------------------------------------------------------------------------------------
10
This Amendment No. 13 ("Amendment No. 13") amends the Statement on
Schedule 13D (the "Schedule 13D") filed on May 18, 1998, as amended by Amendment
No. 1 filed on June 5, 1998, Amendment No. 2 filed on July 7, 1998, Amendment
No. 3 filed on August 23, 1998, Amendment No. 4 filed on October 2, 1998,
Amendment No. 5 filed on December 1, 1998, Amendment No. 6 filed on January 6,
1999, Amendment No. 7 filed on January 29, 1999, Amendment No. 8 filed on March
12, 1999, Amendment No. 9 filed on March 25, 1999, Amendment No. 10 filed on
March 13, 2000, Amendment No. 11 filed on January 19, 2001 and Amendment No. 12
filed on July 10, 2001 and is filed by and on behalf of Greenway Partners, L.P.
("Greenway"), Greentree Partners, L.P. ("Greentree"), Greenhouse Partners, L.P.
("Greenhouse"), Greenhut, L.L.C. ("Greenhut"), Greenbelt Corp. ("Greenbelt"),
Greensea Offshore, L.P. ("Greensea"), Greenhut Overseas, L.L.C. ("Greenhut
Overseas"), Alfred D. Kingsley ("Kingsley") and Gary K. Duberstein
("Duberstein"; the foregoing persons being referred to collectively as the
"Reporting Persons"). Capitalized terms used herein and not defined herein have
the meanings ascribed thereto in the Schedule 13D.
ITEM 1. SECURITY AND ISSUER
On November 2, 2001, the Company changed its name to Foot Locker,
Inc. The principal executive offices of the Company are located at 112 West 34th
Street, New York, New York 10120.
Except as indicated above, the information set forth in Item 1 of the
Schedule 13D remains unchanged.
ITEM 4. PURPOSE OF THE TRANSACTION
Greenway previously recommended in a shareholder proposal submitted
for the Company's 1999 Annual Meeting of Shareholders, that the Company change
its name from "Venator Group, Inc.", and has urged that the Company "let the
Foot Locker name identify the Company on Wall Street as well as on Main Street."
On November 2, 2001, the Company, after obtaining the approval of 99.8% of its
shareholders voting on the matter, changed its name to "Foot Locker, Inc."
Greenway welcomes the change.
Except as indicated above, the information set forth in Item 4 of the
Schedule 13D remains unchanged.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date of this statement, the Reporting Persons
beneficially owned in the aggregate 15,903,648 Shares constituting 11.4% of the
outstanding Shares (the percentage of Shares owned being based upon 139,810,246
Shares outstanding on September 21, 2001, as set forth in the Company's proxy
statement dated September 26, 2001 for a special meeting of shareholders). The
Reporting Persons may be deemed to have direct beneficial ownership of Shares as
follows:
Approximate
Number of Percentage of
Name Shares Outstanding Shares
---- --------- ------------------
Greenway 2,350,000 1.7%
Greentree 1,500,900 1.1%
Greenbelt 9,070,448 6.5%
Greensea 2,150,000 1.5%
Kingsley 832,300 0.6%
11
Greenhouse, as the general partner of Greenway, may be deemed to own
beneficially (as that term is defined in Rule 13d-3 under the Securities
Exchange Act of 1934) Shares of which Greenway may be deemed to possess direct
beneficial ownership. Each of Kingsley and Duberstein, as general partners of
Greenhouse, may be deemed to beneficially own Shares which Greenhouse may be
deemed to beneficially own. Each of Kingsley and Duberstein disclaims beneficial
ownership of such Shares for all other purposes.
Greenhut, as the general partner of Greentree, may be deemed to own
beneficially (as that term is defined in Rule 13d-3 under the Securities
Exchange Act of 1934) Shares of which Greentree may be deemed to possess direct
beneficial ownership. Each of Kingsley and Duberstein, as members of Greenhut,
may be deemed to beneficially own Shares which Greenhut may be deemed to
beneficially own. Each of Kingsley and Duberstein disclaims beneficial ownership
of such Shares for all other purposes.
Greenhut Overseas, as the investment general partner of Greensea, may
be deemed to own beneficially (as that term is defined in Rule 13d-3 under the
Securities Exchange Act of 1934) Shares of which Greensea may be deemed to
possess direct beneficial ownership. Each of Kingsley and Duberstein, as members
of Greenhut Overseas, may be deemed to beneficially own Shares which Greenhut
Overseas may be deemed to beneficially own. Each of Kingsley and Duberstein
disclaims beneficial ownership of such Shares for all other purposes.
Greenbelt has direct beneficial ownership of the Shares in the
accounts that it manages. Each of Kingsley and Duberstein, as executive officers
and directors of Greenbelt, may be deemed to beneficially own Shares that
Greenbelt beneficially owns. Each of Kingsley and Duberstein hereby disclaims
beneficial ownership of such Shares for all other purposes.
(b) Greenway has the sole power to vote or direct the vote of
2,350,000 Shares and the sole power to dispose or to direct the disposition of
such Shares. Greenhouse and Kingsley and Duberstein may be deemed to share with
Greenway the power to vote or to direct the vote and to dispose or to direct the
disposition of such Shares.
Greentree has the sole power to vote or direct the vote of 1,500,900
Shares and the sole power to dispose or direct the disposition of such Shares.
Greenhut, Kingsley and Duberstein may be deemed to share with Greentree the
power to vote or to direct the vote and to dispose or to direct the disposition
of such Shares.
Greensea has the sole power to vote or direct the vote of 2,150,000
Shares and the sole power to dispose or direct the disposition of such Shares.
Greenhut Overseas, Kingsley and Duberstein may be deemed to share with Greensea
the power to vote or to direct the vote and to dispose or to direct the
disposition of such Shares.
Greenbelt has the sole power to vote or direct the vote of 9,070,448
Shares and the sole power to dispose or direct the disposition of such Shares.
Kingsley and Duberstein may be deemed to share with Greenbelt the power to vote
or to direct the vote and to dispose or to direct the disposition of such
Shares.
12
Kingsley has the sole power to vote or direct the vote of 832,300
Shares and the sole power to dispose or direct the disposition of such Shares.
(c) Information concerning transactions in the Shares by the
Reporting Persons during the last sixty days is set forth in Exhibit 23,
attached hereto, which is incorporated herein by reference.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the Shares, except the dividends from, or proceeds from the sale of Shares in
each respective account managed by Greenbelt will be delivered into each such
respective account, as the case may be. No such individual account has an
interest in more than five percent of the class of outstanding Shares.
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following Exhibits are filed herewith:
23. Information concerning transactions in the Shares effected by
the Reporting Persons during the past sixty days.
[The remainder of this page intentionally left blank.]
13
SIGNATURES
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information contained in this Statement
is true, complete and correct.
Dated: November 9, 2001
GREENHOUSE PARTNERS, L.P. GREENSEA OFFSHORE, L.P.
By: /s/ Gary K. Duberstein By: Greenhut Overseas, L.L.C.
---------------------------------------- Investment General Partner
Gary K. Duberstein
General Partner By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
GREENHUT, L.L.C. Member
By: /s/ Gary K. Duberstein GREENBELT CORP.
----------------------------------------
Gary K. Duberstein By: /s/ Alfred D. Kingsley
Member --------------------------------------
Alfred D. Kingsley
President
GREENHUT OVERSEAS, L.L.C.
/s/ Alfred D. Kingsley
By: /s/ Gary K. Duberstein ------------------------------------------------
---------------------------------------- Alfred D. Kingsley
Gary K. Duberstein
Member /s/ Gary K. Duberstein
------------------------------------------------
Gary K. Duberstein
GREENWAY PARTNERS, L.P.
By: Greenhouse Partners, L.P.
General Partner
By: /s/ Gary K. Duberstein
---------------------------------
Gary K. Duberstein
General Partner
GREENTREE PARTNERS, L.P.
By: Greenhut, L.L.C.
General Partner
By: /s/ Gary K. Duberstein
---------------------------------
Gary K. Duberstein
Member
14
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
23. Information concerning transactions in the Shares effected by
the Reporting Persons during the past sixty days.
15
Exhibit 23
TRANSACTIONS IN SHARES OF THE ISSUER
The Reporting Persons engaged in the following transactions
in Shares of the Company during the past 60 days. All such transactions involved
sales of Shares and were effected on The New York Stock Exchange.
Reporting Person With Direct Price per Share (Excluding
Beneficial Ownership Date of Transaction Number of Shares Commissions)
- -------------------------------- --------------------- ----------------------- -----------------------------
Greenbelt 10/11/01 (53,200) $16.7377
Greenbelt 10/12/01 (36,800) $15.6732
Greenbelt 10/15/01 (90,874) $15.5812
Greensea 10/16/01 (20,000) $15.7638
Greensea 10/19/01 (20,000) $15.775
Greensea 10/25/01 (10,000) $15.5
Greensea 10/26/01 (50,000) $15.75