UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
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)
April 16, 2002
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(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)
* 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).
Person Authorized to Receive Notices and Communications:
Janice V. Sharry, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5562
SCHEDULE 13G
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CUSIP No. 344912-10-0 Page 2 of 10 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
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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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OR ORGANIZATION
4
Delaware
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5 SOLE VOTING POWER
NUMBER OF 1,824,318
SHARES ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING ----------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
1,824,318
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SHARED DISPOSITIVE POWER
8
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,709,700
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
13.51%
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TYPE OF REPORTING PERSON
12
PN
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CUSIP No. 344912-10-0 Page 3 of 10 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
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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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OR ORGANIZATION
4
Bermuda
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5 SOLE VOTING POWER
NUMBER OF 398,817
SHARES ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING ----------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
398,817
----------------------------------------------------
SHARED DISPOSITIVE POWER
8
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,709,700
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
13.51%
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TYPE OF REPORTING PERSON
12
CO
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CUSIP No. 344912-10-0 Page 4 of 10 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
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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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OR ORGANIZATION
4
Delaware
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5 SOLE VOTING POWER
NUMBER OF 68,731
SHARES ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING ----------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
68,731
----------------------------------------------------
SHARED DISPOSITIVE POWER
8
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,709,700
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
13.51%
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TYPE OF REPORTING PERSON
12
PN
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CUSIP No. 344912-10-0 Page 5 of 10 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
ESL Investors, L.L.C., a Delaware limited liability company
13-4095958
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OR ORGANIZATION
4
Delaware
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5 SOLE VOTING POWER
NUMBER OF 417,834
SHARES ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING ----------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
417,834
----------------------------------------------------
SHARED DISPOSITIVE POWER
8
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,709,700
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
13.51%
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TYPE OF REPORTING PERSON
12
OO
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CUSIP No. 344912-10-0 Page 6 of 10 Pages
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Item 1(a) Name of Issuer:
Footstar, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1 Crosfield Avenue
West Nyack, New York 10994
Item 2(a) Names of Persons Filing:
ESL Partners, L.P.
ESL Limited
ESL Institutional Partners, L.P.
ESL Investors, L.L.C.
Item 2(b) Addresses of Principal Business Offices:
ESL Partners, L.P., ESL Institutional Partners, L.P., and ESL
Investors, L.L.C.:
One Lafayette Place
Greenwich, CT 06830
ESL Limited
Hemisphere House
9 Church Street
Hamilton, Bermuda
Item 2(c) Citizenship:
ESL Partners, L.P. -- Delaware
ESL Limited -- Bermuda
ESL Institutional Partners, L.P. -- Delaware
ESL Investors, L.L.C. -- Delaware
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
344912-10-0
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CUSIP No. 344912-10-0 Page 7 of 10 Pages
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Item 3 Status of Persons Filing:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c);
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Section
240.13d-1(b)(1)(ii)(J).
Item 4 Ownership:
(a) Amount Beneficially Owned: 2,709,700 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"), ESL Institutional
Partners, L.P., a Delaware limited partnership
("Institutional"), and ESL Investors, L.L.C., a Delaware
limited liability company ("Investors") sometimes referred to
collectively as the "ESL Reporting Group." 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. 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. RBS
Partners, L.P. is the manager of Investors. In the
aforementioned capacities, ESL, Limited, Institutional, and
Investors each may be deemed to be the beneficial owner of the
shares of the Issuer's common stock beneficially owned by the
other members of the group.
As of April 17, (i) ESL was the record owner of 1,824,318
shares of common stock of the Issuer; (ii) Limited was the
record owner of 398,817 shares of common stock of the Issuer;
(iii) Institutional was the record owner of 68,731 shares of
common stock of the Issuer; and (iv) Investors was the record
owner of 417,834 shares of common stock of the Issuer
(b) Percent of Class: 13.51%.
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CUSIP No. 344912-10-0 Page 8 of 10 Pages
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(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.
Item 5 Ownership of 5% or Less of a Class:
Not applicable.
Item 6 Ownership of More than 5% 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:
Not applicable.
Item 8 Identification and Classification of Members of the Group:
See Item 4(a).
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
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.
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CUSIP No. 344912-10-0 Page 9 of 10 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: April 17, 2002
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general
partner
By: ESL Investments, Inc., its general
partner
By: /s/ EDWARD S. LAMPERT
--------------------------------
Edward S. Lampert
Chairman
ESL LIMITED
By: ESL Investment Management, LLC, its
investment manager
By: /s/ EDWARD S. LAMPERT
--------------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC, its
general partner
By: /s/ EDWARD S. LAMPERT
--------------------------------
Edward S. Lampert
Managing Member
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., its manager
By: ESL Investments, Inc., its general
partner
By: /s/ EDWARD S. LAMPERT
--------------------------------
Edward S. Lampert
Chairman
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CUSIP No. 344912-10-0 Page 10 of 10 Pages
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EXHIBITS
Exhibit 1 Joint Filing Agreement, dated as of April 17, 2002, entered into
by and among ESL Partners, L.P., ESL Limited, ESL Institutional
Partners, L.P. and ESL Investors, L.L.C.