UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
AutoNation, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
05329W102
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(CUSIP Number)
John G. Finley
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York 10017
(212) 455-2000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 23, 2007
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(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.
* 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 ("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).
Page 1 of 17 Pages
PAGE 2 OF 17
CUSIP No. 05329W102
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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
-------------------------------------------------------------------------------
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 SOURCE OF FUNDS
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
32,767,921
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
32,767,921
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
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14 TYPE OF REPORTING PERSON
PN
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PAGE 3 OF 17
CUSIP No. 05329W102
-------------------------------------------------------------------------------
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
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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 SOURCE OF FUNDS
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
221,701
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
221,701
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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PAGE 4 OF 17
CUSIP No. 05329W102
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investors, L.L.C., a Delaware limited liability
company
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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 SOURCE OF FUNDS
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
11,026,765
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
11,026,765
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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PAGE 5 OF 17
CUSIP No. 05329W102
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investments, Inc., a Delaware corporation
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [_]
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3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
49,728,470
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
49,728,470
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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PAGE 6 OF 17
CUSIP No. 05329W102
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CBL Partners, L.P., a Delaware limited partnership
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [_]
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3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
5,712,083
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
5,712,083
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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PAGE 7 OF 17
CUSIP No. 05329W102
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tynan, LLC, a Delaware limited liability company
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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 SOURCE OF FUNDS
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
2,406
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
2,406
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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PAGE 8 OF 17
CUSIP No. 05329W102
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investment Management, L.P., a Delaware limited partnership
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [_]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
61,964
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
61,964
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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PAGE 9 OF 17
CUSIP No. 05329W102
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RBS Partners, L.P., a Delaware limited partnership
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [_]
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3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
43,794,686
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
43,794,686
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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PAGE 10 OF 17
CUSIP No. 05329W102
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RBS Investment Management, LLC, a Delaware limited liability
company
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [_]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
221,701
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
221,701
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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PAGE 11 OF 17
CUSIP No. 05329W102
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward S. Lampert
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [_]
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3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
49,920,434
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
49,920,434
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
PAGE 12 OF 17
CUSIP No. 05329W102
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William C. Crowley
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [_]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
132,406
-----------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
-----------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
132,406
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,052,840
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.9%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
PAGE 13 OF 17
This Amendment No. 12 to Schedule 13D (this "Amendment") relates to
shares of common stock, par value $0.01 per share (the "Shares"), of
AutoNation, Inc. (the "Issuer"). This Amendment No. 12 supplementally amends
the statement on Schedule 13D, as amended, filed by a group consisting of ESL
Partners, L.P., a Delaware limited partnership ("ESL"), ESL Institutional
Partners, L.P., a Delaware limited partnership ("Institutional"), ESL
Investors, L.L.C., a Delaware limited liability company ("Investors"), ESL
Investments, Inc. ("Investments"), CBL Partners, L.P., a Delaware limited
partnership ("CBL"), Tynan, LLC ("Tynan"), ESL Investment Management, L.P., a
Delaware limited partnership ("ESLIM"), RBS Partners, L.P., a Delaware limited
partnership ("RBS"), RBS Investment Management, LLC, a Delaware limited
liability company ("RBSIM"), Edward S. Lampert, and William C. Crowley, both
United States citizens, by furnishing the information set forth below. ESL,
Institutional, Investors, Investments, CBL, Tynan, ESLIM, RBS, RBSIM, Mr.
Lampert, and Mr. Crowley are collectively defined in this Amendment as the
"Filing Persons." Unless set forth below, all previous Items are unchanged.
Capitalized terms used herein which are not defined herein have the meanings
given to them in the Schedule 13D, as amended, previously filed with the
Securities and Exchange Commission.
The Filing Persons are filing this Amendment No. 12 to report that
Mr. Lampert has determined that he will not be standing for re-election to the
Board of Directors of the Issuer.
Item 4. Purpose of Transaction
Item 4 is hereby amended and restated in its entirety as follows:
The Filing Persons purchased the Shares reported herein as part of
their ordinary course investment activities and intend to review on a
continuing basis their investment in the Issuer. Depending on their review and
evaluation of the business and prospects of the Issuer and the price level of
the Shares, or such other factors as they may deem relevant, the Filing
Persons may acquire additional Shares; may sell all or any part of their
Shares pursuant to Rule 144, in privately negotiated transactions or in sales
registered or exempt from registration under the Securities Act of 1933; may
distribute Shares to various of their partners or may engage in any
combination of the foregoing. Subject to applicable law, the Filing Persons
may enter into derivative transactions, hedging transactions or alternative
structures with respect to the Shares. Any open market or privately negotiated
purchases, sales, distributions or other transactions may be made at any time
without additional prior notice. Any alternative that the Filing Persons may
pursue will depend upon a variety of factors, including without limitation,
current and anticipated future trading prices of the Shares, the financial
condition, results of operations and prospects of the Issuer and general
economic, financial market and industry conditions, other investment and
business opportunities available to the Filing Persons, general stock market
and economic conditions, tax considerations and other factors.
Mr. Lampert and Mr. Crowley were appointed to the Board of Directors
of the Issuer on January 29, 2002. On March 23, 2007, Mr. Lampert determined
that he will not be standing for re-election to the Board of Directors of the
Issuer, in order to devote more time to his duties at Investments and Sears
Holdings Corporation. Mr. Lampert will remain on the Board of Directors until
the upcoming annual meeting of the Issuer's shareholders in May 2007.
As a result of the Filing Persons' ongoing review and evaluation of
the business of the Issuer, the Filing Persons may, through Mr. Crowley's
representation on the Board of Directors of the Issuer and otherwise, continue
to communicate with the Board of Directors, members of management and/or other
stockholders from time to time with respect to operational, strategic,
financial or governance matters or otherwise work with management and the
Board of Directors to create stockholder value.
Other than as described in this Item 4, none of the Filing Persons,
nor, to the knowledge of each Filing Person, any individuals listed in
response to Item 2 hereof, has any current plans or proposals that relate to
or that would result in any of the transactions or other matters specified in
clauses (a) through (j) of Item 4 of Schedule 13D; provided that the Filing
Persons may, at any time, review or reconsider their position with respect to
the Issuer and reserve the right to develop such plans or proposals.
PAGE 14 OF 17
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and restated in its entirety to read as follows:
(a)-(b) The Filing Persons may be deemed to beneficially own an
aggregate of 50,052,840 Shares (approximately 23.9% of the outstanding Shares
based on the Issuer having 209,075,307 Shares outstanding on February 23,
2007, as disclosed in the Issuer's last annual report on Form 10-K).
REPORTING PERSON NUMBER OF PERCENTAGE OF SOLE VOTING SHARED SOLE SHARED
SHARES OUTSTANDING POWER VOTING POWER DISPOSITIVE DISPOSITIVE
BENEFICIALLY SHARES POWER POWER
OWNED
ESL Partners, 50,052,840 (1) 23.9% 32,767,921 0 32,767,921 0
L.P.
ESL 23.9%
Institutional 50,052,840 (1) 221,701 0 221,701 0
Partners, L.P.
ESL Investors, 50,052,840 (1) 23.9% 11,026,765 0 11,026,765 0
L.L.C.
ESL Investments, 50,052,840 (1) 23.9% 49,728,470 (2) 0 49,728,470 (2) 0
Inc.
CBL Partners, 50,052,840 (1) 23.9% 5,712,083 0 5,712,083 0
L.P.
50,052,840 (1) 23.9% 2,406 0 2,406 0
Tynan, LLC
ESL Investment 50,052,840 (1)
Management, L.P. 23.9% 61,964 0 61,964 0
RBS Partners, 50,052,840 (1) 23.9% 43,794,686 (3) 0 43,794,686 (3) 0
L.P.
RBS Investment 50,052,840 (1) 23.9% 221,701 (4) 0 221,701 (4) 0
Management, LLC
Edward S. Lampert 50,052,840 (1) 23.9% 49,920,434 (5) 0 49,920,434 (5) 0
William C. 50,052,840 (1) 23.9% 132,406 (6) 0 132,406 (6) 0
Crowley
(1) This number consists of 32,767,921 Shares held for the account of ESL,
221,701 Shares held for the account of Institutional, 11,026,765 Shares held
for the account of Investors, 5,712,083 Shares held for the account of CBL,
2,406 Shares held for the account of Tynan, 61,964 Shares held for the account
of ESLIM, 130,000 Shares issuable upon the exercise of director stock options
held for the account of Mr. Lampert and 130,000 Shares issuable upon the
exercise of director stock options held for the account of Mr. Crowley.
(2) This number consists of 32,767,921 Shares held for the account of ESL,
221,701 Shares held for the account of Institutional, 11,026,765 Shares held
for the account of Investors and 5,712,083 Shares held for the account of CBL.
(3) This number consists of 32,767,921 Shares held for the account of ESL and
11,026,765 Shares held for the account of Investors.
(4) This number consists of 221,701 Shares held for the account of
Institutional.
PAGE 15 OF 17
(5) This number consists of 32,767,921 Shares held for the account of ESL,
221,701 Shares held for the account of Institutional, 11,026,765 Shares held
for the account of Investors, 5,712,083 Shares held for the account of CBL,
61,964 Shares held for the account of ESLIM and 130,000 Shares issuable upon
the exercise of director stock options held for the account of Mr. Lampert.
(6) This number consists of 2,406 Shares held for the account of Tynan and
130,000 Shares issuable upon the exercise of director stock options held for
the account of Mr. Crowley.
(c) There have been no transactions in Shares by any of the Filing
Persons since the date of the last amendment on Schedule 13D.
(d) Not applicable.
(e) Not applicable.
PAGE 16 OF 17
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.
Dated: March 26, 2007
ESL PARTNERS, L.P.
By: RBS Partners, L.P., as its general partner
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
--------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, L.L.C.,
as its general partner
By: ESL Investments, Inc., as its manager
By: /s/ Theodore W. Ullyot
--------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., as its managing member
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
--------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTMENTS, INC.
By: /s/ Theodore W. Ullyot
--------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
PAGE 17 OF 17
CBL PARTNERS, L.P.
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
--------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
TYNAN, LLC
By: /s/ William C. Crowley
--------------------------------
Name: William C. Crowley
Title: Member
ESL INVESTMENT MANAGEMENT, L.P.
By: ESL INVESTMENT MANAGEMENT (GP), L.L.C.,
its general partner
By: /s/ Edward S. Lampert
--------------------------------
Name: Edward S. Lampert
Title: Managing Member
RBS PARTNERS, L.P.
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
--------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
RBS INVESTMENT MANAGEMENT, L.L.C.
By: ESL Investments, Inc., as its manager
By: /s/ Theodore W. Ullyot
--------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
EDWARD S. LAMPERT
/s/ Edward S. Lampert
------------------------------------------
Edward S. Lampert
WILLIAM C. CROWLEY
/s/ William C. Crowley
-----------------------------------------
William C. Crowley