sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. )1
Footstar, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
344912100
--------------------------------------------------------------------------------
(CUSIP Number)
March 5, 2004
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
--------------
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ x/ Rule 13d-1(c)
/ / Rule 13d-1(d)
--------
1 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 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).
--------------------- --------------------
CUSIP No. 344912100 13G Page 2 of 9 Pages
--------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Couchman Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,121,900 shares
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,121,900 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,121,900 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------- --------------------
CUSIP No. 344912100 13G Page 3 of 9 Pages
--------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Couchman Capitl LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,121,900 shares
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,121,900 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,121,900 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------- --------------------
CUSIP No. 344912100 13G Page 4 of 9 Pages
--------------------- --------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jonathan Couchman
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,121,900 shares
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,121,900 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,121,900 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------- --------------------
CUSIP No. 344912100 13G Page 5 of 9 Pages
--------------------- --------------------
Item 1(a). Name of Issuer:
Footstar, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
One Crosfield Avenue
West Nyack, New York 10994
Item 2(a). Name of Person Filing:
This statement is jointly filed by Couchman Partners, L.P. ("CP"),
Couchman Capital LLC ("CC"), and Jonathan Couchman (together with CP
and CC, the "Reporting Persons"). Because Jonathan Couchman is the
sole member of the Management Board of CC, which in turn is the
general partner of CP, the Reporting Persons may be deemed, pursuant
to Rule 13d-3 of the Securities Exchange Act of 1934, as amended
(the "Act"), to be the beneficial owners of all shares of Common
Stock of the Issuer held by CP. The Reporting Persons are filing
this joint statement, as they may be considered a "group" under
Section 13(d)(3) of the Act. However, neither the fact of this
filing nor anything contained herein shall be deemed to be an
admission by the Reporting Persons that such a group exists.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business address of CP is c/o Hedge Fund Services
(BVI) Limited, Skelton Building, 2nd Floor, Road Town, Tortola,
British Virgin Islands. The principal business address of CC and Mr.
Couchman is 800 Third Avenue, 31st Floor, New York, New York 10022.
Item 2(c). Citizenship:
CP is a British Virgin Islands limited partnership. CC is a Delaware
limited liability company. Jonathan Couchman is a citizen of the
United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
344912100
Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
/X/ Not Applicable
--------------------- --------------------
CUSIP No. 344912100 13G Page 6 of 9 Pages
--------------------- --------------------
(a) / / Broker or dealer registered under Section 15 of the
Exchange Act.
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) / / Investment company registered under Section 8 of the
Investment Company Act.
(e) / / An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) / / An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act.
(i) / / A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
1,121,900 shares*
(b) Percent of class:
5.6% (based on 20,160,426 shares of Common Stock outstanding as of
June 29, 2002, as reported in the Issuer's most recent Form 10-Q
filed with the Securities and Exchange Commission on August 13,
2002).
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
1,121,900 shares*
(ii) Shared power to vote or to direct the vote
0 shares
--------------------- --------------------
CUSIP No. 344912100 13G Page 7 of 9 Pages
--------------------- --------------------
(iii) Sole power to dispose or to direct the disposition of
1,121,900 shares*
(iv) Shared power to dispose or to direct the disposition of
0 shares
--------------------
* Represents shares held directly by CP. CC, as the general partner of
CP, and Jonathan Couchman, as the sole member of the Management Board of
CC, may each be deemed to beneficially own the 1,121,900 shares of Common
Stock of the Issuer held by CP.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the Reporting Person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or
Control Person.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
See Exhibit A.
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the Issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
--------------------- --------------------
CUSIP No. 344912100 13G Page 8 of 9 Pages
--------------------- --------------------
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 11, 2004 COUCHMAN PARTNERS, L.P.
By: Couchman Capital LLC,
its general partner
By: /s/ Jonathan Couchman
-------------------------
Jonathan Couchman
Member of Management Board
COUCHMAN CAPITAL LLC
By: /s/ Jonathan Couchman
-------------------------
Jonathan Couchman
Member of Management Board
/s/ Jonathan Couchman
-------------------------
JONATHAN COUCHMAN
--------------------- --------------------
CUSIP No. 344912100 13G Page 9 of 9 Pages
--------------------- --------------------
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G,
dated March 11, 2004, with respect to the shares of Common Stock of Footstar,
Inc. and any further amendments thereto executed by each and any of the
undersigned shall be filed on behalf of each of the undersigned pursuant to and
in accordance with the provisions of Rule 13d-1(k)(1) under the Securities
Exchange Act of 1934, as amended.
This Agreement may be executed in separate counterparts, each of
which shall be deemed an original, but all of which shall constitute one and the
same instrument.
Dated: March 11, 2004 COUCHMAN PARTNERS, L.P.
By: Couchman Capital LLC,
its general partner
By: /s/ Jonathan Couchman
-------------------------
Jonathan Couchman
Member of Management Board
COUCHMAN CAPITAL LLC
By: /s/ Jonathan Couchman
-------------------------
Jonathan Couchman
Member of Management Board
/s/ Jonathan Couchman
-------------------------
JONATHAN COUCHMAN