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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
¨
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, as amended (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).
|
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
ESL Partners, L.P.
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a)
x
(b)
¨
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
OO
|
5.
|
|
Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e)
¨
|
6.
|
|
Citizenship or Place of
Organization
Delaware
|
Number of Shares Beneficially Owned by Each
Reporting Person
With
|
|
7.
|
|
Sole Voting Power
26,801,105 (1)
|
|
8.
|
|
Shared Voting Power
0
|
|
9.
|
|
Sole Dispositive Power
26,801,105 (1)
|
|
10.
|
|
Shared Dispositive Power
37,462,300 (2)
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
64,263,405 (1)(2)
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
¨
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
57.5% (3)
|
14.
|
|
Type of Reporting Person (See
Instructions)
PN
|
(1)
|
Includes 4,808,465 shares of Holdings Common Stock that may be acquired by the reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock from Holdings.
|
(2)
|
Includes 6,328,687 shares of Holdings Common Stock that may be acquired by a reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock from Holdings.
|
(3)
|
Based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by Holdings with
the SEC on August 25, 2016, and 4,808,465 shares of Holdings Common Stock that may be acquired by the reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock.
|
|
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
SPE I Partners, LP
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a)
x
(b)
¨
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
OO
|
5.
|
|
Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e)
¨
|
6.
|
|
Citizenship or Place of
Organization
Delaware
|
Number of Shares Beneficially Owned by Each
Reporting Person
With
|
|
7.
|
|
Sole Voting Power
150,124
|
|
8.
|
|
Shared Voting Power
0
|
|
9.
|
|
Sole Dispositive Power
150,124
|
|
10.
|
|
Shared Dispositive Power
0
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
150,124
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
¨
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
0.1% (1)
|
14.
|
|
Type of Reporting Person (See
Instructions)
PN
|
(1)
|
Based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by Holdings with
the SEC on August 25, 2016.
|
|
|
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|
|
|
1.
|
|
Names of
Reporting Persons.
SPE Master I, LP
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a)
x
(b)
¨
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
OO
|
5.
|
|
Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e)
¨
|
6.
|
|
Citizenship or Place of
Organization
Delaware
|
Number of Shares Beneficially Owned by Each
Reporting Person
With
|
|
7.
|
|
Sole Voting Power
193,341
|
|
8.
|
|
Shared Voting Power
0
|
|
9.
|
|
Sole Dispositive Power
193,341
|
|
10.
|
|
Shared Dispositive Power
0
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
193,341
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
¨
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
0.2% (1)
|
14.
|
|
Type of Reporting Person (See
Instructions)
PN
|
(1)
|
Based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by Holdings with
the SEC on August 25, 2016.
|
|
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
RBS Partners, L.P.
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a)
x
(b)
¨
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
OO
|
5.
|
|
Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e)
¨
|
6.
|
|
Citizenship or Place of
Organization
Delaware
|
Number of Shares Beneficially Owned by Each
Reporting Person
With
|
|
7.
|
|
Sole Voting Power
27,144,570 (1)
|
|
8.
|
|
Shared Voting Power
0
|
|
9.
|
|
Sole Dispositive Power
27,144,570 (1)
|
|
10.
|
|
Shared Dispositive Power
37,462,300 (2)
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
64,606,870 (1)(2)
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
¨
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
57.8% (3)
|
14.
|
|
Type of Reporting Person (See
Instructions)
PN
|
(1)
|
Includes 4,808,465 shares of Holdings Common Stock that may be acquired by a reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock from Holdings.
|
(2)
|
Includes 6,328,687 shares of Holdings Common Stock that may be acquired by a reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock from Holdings.
|
(3)
|
Based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by Holdings with
the SEC on August 25, 2016, and 4,808,465 shares of Holdings Common Stock that may be acquired by a reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock.
|
|
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
ESL Investments, Inc.
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a)
x
(b)
¨
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
OO
|
5.
|
|
Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e)
¨
|
6.
|
|
Citizenship or Place of
Organization
Delaware
|
Number of Shares Beneficially Owned by Each
Reporting Person
With
|
|
7.
|
|
Sole Voting Power
27,144,570 (1)
|
|
8.
|
|
Shared Voting Power
0
|
|
9.
|
|
Sole Dispositive Power
27,144,570 (1)
|
|
10.
|
|
Shared Dispositive Power
37,462,300 (2)
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
64,606,870 (1)(2)
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
¨
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
57.8% (3)
|
14.
|
|
Type of Reporting Person (See
Instructions)
CO
|
(1)
|
Includes 4,808,465 shares of Holdings Common Stock that may be acquired by a reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock from Holdings.
|
(2)
|
Includes 6,328,687 shares of Holdings Common Stock that may be acquired by a reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock from Holdings.
|
(3)
|
Based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by Holdings with
the SEC on August 25, 2016, and 4,808,465 shares of Holdings Common Stock that may be acquired by a reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock.
|
|
|
|
|
|
|
|
|
|
1.
|
|
Names of
Reporting Persons.
Edward S. Lampert
|
2.
|
|
Check the Appropriate Box if a Member
of a Group (See Instructions)
(a)
x
(b)
¨
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See Instructions)
OO; PF
|
5.
|
|
Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e)
¨
|
6.
|
|
Citizenship or Place of
Organization
United States
|
Number of Shares Beneficially Owned by Each
Reporting Person
With
|
|
7.
|
|
Sole Voting Power
64,606,870 (1)(2)
|
|
8.
|
|
Shared Voting Power
0
|
|
9.
|
|
Sole Dispositive Power
27,144,570 (1)
|
|
10.
|
|
Shared Dispositive Power
37,462,300 (2)
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
64,606,870 (1)(2)
|
12.
|
|
Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
¨
|
13.
|
|
Percent of Class Represented by Amount
in Row (11)
54.7% (3)
|
14.
|
|
Type of Reporting Person (See
Instructions)
IN
|
(1)
|
Includes 4,808,465 shares of Holdings Common Stock that may be acquired by a reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock from Holdings.
|
(2)
|
Includes 6,328,687 shares of Holdings Common Stock that may be acquired by the reporting person within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock from Holdings.
|
(3)
|
Based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by Holdings with
the SEC on August 25, 2016, and an aggregate of 11,137,152 shares of Holdings Common Stock that may be acquired by certain of the reporting persons within 60 days upon the exercise of Warrants to purchase shares of Holdings Common Stock.
|
This Amendment No. 46 to Schedule 13D (this Amendment) relates to common shares, par
value $0.01 per share (the Holdings Common Stock), of Sears Holdings Corporation, a Delaware corporation (Holdings). This Amendment amends the Schedule 13D, as previously amended, filed with the Securities and Exchange
Commission by ESL Partners, L.P., a Delaware limited partnership (Partners), SPE I Partners, LP, a Delaware limited partnership (SPE I), SPE Master I, LP, a Delaware limited partnership (SPE Master I), RBS
Partners, L.P., a Delaware limited partnership (RBS), ESL Institutional Partners, L.P., a Delaware limited partnership, RBS Investment Management, L.L.C., a Delaware limited liability company, CRK Partners, LLC, a Delaware limited
liability company, ESL Investments, Inc., a Delaware corporation (ESL), and Edward S. Lampert, a United States citizen, by furnishing the information set forth below. Except as otherwise specified in this Amendment, 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 previously amended, filed with the Securities and Exchange Commission (SEC).
Item 2. Identity and Background.
Item
2(c) is hereby amended and restated in its entirety as follows:
(c) The principal business of each of the Reporting Persons is
purchasing, holding and selling securities for investment purposes. RBS is the general partner of Partners, SPE I and SPE Master I. ESL is the general partner of RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of ESL. Mr.
Lampert is also a limited partner of RBS. Mr. Lampert is also Chairman of the Board of Directors and the Chief Executive Officer of Holdings. Each of the Reporting Persons may also serve as general partner or managing member of certain other
entities engaged in the purchasing, holding and selling of securities for investment purposes.
Item 3. Source and Amount of Funds or Other
Consideration.
Item 3 is hereby amended and supplemented as follows:
In grants of shares of Holdings Common Stock by Holdings on April 29, 2016, May 31, 2016, June 30, 2016, and July 29, 2016, pursuant to
the Extension Letter between Holdings and Mr. Lampert, Mr. Lampert acquired an additional 88,496 shares of Holdings Common Stock. Mr. Lampert received the shares of Holdings Common Stock as consideration for serving as Chief Executive Officer and no
cash consideration was paid by Mr. Lampert in connection with the receipt of such shares of Holdings Common Stock.
Item 4. Purpose of
Transaction.
Item 4 is hereby amended and supplemented as follows:
In connection with the Secured Loan Facility, the additional $250 million was drawn by Borrowers on April 22, 2016, and paid the funding
fee to the Lenders of 1.0% of such additional amounts drawn under the Secured Loan Facility. The ESL Lenders, on the one hand, and Cascade, on the other, each provided $125 million of the additional $250 million drawn under the Secured Loan
Facility. The foregoing is qualified in its entirety by reference to that certain Loan Agreement, entered into in connection with the Secured Loan Facility, incorporated herein by reference to Exhibit 99.26 to the Amendment to Schedule 13D
filed with the SEC on April 12, 2016.
In connection with the syndication of the Term Loan, on April 8, 2016, each of JPP, LLC and JPP II,
LLC, affiliates of the Reporting Persons, acquired an aggregate of $150 million of the Term Loan from Bank of America, N.A., as assignor, pursuant to an Assignment and Acceptance agreement with each of JPP, LLC and JPP II, LLC, as assignees
(together, the Assignment and Acceptances) The amounts borrowed pursuant to the Term Loan bear interest at a rate equal to the London Interbank Offered Rate (LIBOR) plus 750 basis points, subject to a 1.00% LIBOR floor. The
Term Loan has a maturity date of July 20, 2020, and does not amortize. The Term Loan provides for a premium of 2% of the aggregate principal amount of the Term Loan prepaid on or prior to April 8, 2017 and 1% of the aggregate principal amount of the
Term Loan prepaid after April 8, 2017 and on or prior to April 8, 2018. The obligations under the Term Loan are secured by a first lien on substantially all of the domestic inventory and credit card and pharmacy receivables of Holdings and its
subsidiaries and aggregate advances under the Term Loan are subject to a borrowing base formula.
The foregoing is qualified in its entirety by reference to the Assignment and Acceptance
agreements attached hereto as Exhibit 99.28 and Exhibit 99.29 and incorporated by reference herein. Additionally, the foregoing discussion of the Term Loan does not purport to be complete and is qualified in its entirety by reference to the First
Amendment to Third Amended and Restated Credit Agreement on Exhibit 10.2 to Holdings Current Report on Form 8-K filed with the SEC on April 12, 2016.
On August 25, 2016, Holdings announced that it accepted an offer from ESL (the ESL Proposal) to provide $300 million of additional
debt financing secured by a junior lien against Holdings inventory, receivables, and other working capital (the Second-Lien Term Loan). Holdings announced that under the ESL Proposal, Holdings may, in its discretion, offer to third
party investors the right to participate in up to an additional $200 million of debt financing on the same terms and conditions as the Second-Lien Term Loan. The Second-Lien Term Loan is subject to customary conditions, and terms of the Second-Lien
Term Loan have not yet been finalized.
The foregoing discussion does not purport to be complete and is qualified in its entirety by
reference to the Press Release on Exhibit 99.1 to Holdings Current Report on Form 8-K filed with the SEC on August 25, 2016.
Item 5.
Interest in Securities of the Issuer.
Item 5 is hereby amended and restated in its entirety as follows:
(a)-(b) Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission
that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
Each Reporting Person may be deemed to be a member of a group with respect to Holdings or securities of Holdings for the purposes of Section
13(d) or 13(g) of the Act. Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other
purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of Holdings or otherwise with respect
to Holdings or any securities of Holdings or (ii) a member of any syndicate or group with respect to Holdings or any securities of Holdings.
As of August 26, 2016, the Reporting Persons may be deemed to beneficially own the shares of Holdings Common Stock set forth in the table
below.
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REPORTING PERSON
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED
|
|
|
PERCENTAGE
OF
OUTSTANDING
SHARES
|
|
|
SOLE VOTING
POWER
|
|
|
SHARED
VOTING
POWER
|
|
|
SOLE
DISPOSITIVE
POWER
|
|
|
SHARED
DISPOSITIVE
POWER
|
|
ESL Partners, L.P.
|
|
|
64,263,405
|
(1)(2)
|
|
|
57.5
|
%(3)
|
|
|
26,801,105
|
(2)
|
|
|
0
|
|
|
|
26,801,105
|
(2)
|
|
|
37,462,300
|
(1)
|
SPE I Partners, LP
|
|
|
150,124
|
|
|
|
0.1
|
%
|
|
|
150,124
|
|
|
|
0
|
|
|
|
150,124
|
|
|
|
0
|
|
SPE Master I, LP
|
|
|
193,341
|
|
|
|
0.2
|
%
|
|
|
193,341
|
|
|
|
0
|
|
|
|
193,341
|
|
|
|
0
|
|
RBS Partners, L.P.
|
|
|
64,606,870
|
(1)(4)
|
|
|
57.8
|
%(5)
|
|
|
27,144,570
|
(4)
|
|
|
0
|
|
|
|
27,144,570
|
(4)
|
|
|
37,462,300
|
(1)
|
ESL Investments, Inc.
|
|
|
64,606,870
|
(1)(6)
|
|
|
57.8
|
%(7)
|
|
|
27,144,570
|
(6)
|
|
|
0
|
|
|
|
27,144,570
|
(6)
|
|
|
37,462,300
|
(1)
|
Edward S. Lampert
|
|
|
64,606,870
|
(1)(8)
|
|
|
54.7
|
%(9)
|
|
|
64,606,870
|
(1)(8)
|
|
|
0
|
|
|
|
27,144,570
|
(8)
|
|
|
37,462,300
|
(1)
|
(1)
|
This number includes 31,133,613 shares of Holdings Common Stock held by Mr. Lampert and 6,328,687 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by
Mr. Lampert. Partners has entered into a Lock-Up Agreement with Mr. Lampert that restricts the purchase and sale of securities owned by Mr. Lampert. Pursuant to the Lock-Up Agreement, Partners may be deemed to have shared dispositive power over, and
to indirectly beneficially own, securities owned by Mr. Lampert. RBS, ESL and Mr. Lampert may also be deemed to have shared dispositive power over, and to indirectly beneficially own, such securities.
|
(2)
|
This number includes 21,992,640 shares of Holdings Common Stock held by Partners and 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by
Partners.
|
(3)
|
This is based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by
Holdings with the SEC on August 25, 2016, and 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners.
|
(4)
|
This number includes 21,992,640 shares of Holdings Common Stock held by Partners, 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by
Partners, 150,124 shares of Holdings Common Stock held by SPE I and 193,341 shares of Holdings Common Stock held by SPE Master I. RBS is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Partners, SPE I
and SPE Master I.
|
(5)
|
This is based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by
Holdings with the SEC on August 25, 2016, and 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners. RBS is the general partner of, and may be deemed to indirectly
beneficially own securities owned by, Partners.
|
(6)
|
This number includes 21,992,640 shares of Holdings Common Stock held by Partners, 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by
Partners, 150,124 shares of Holdings Common Stock held by SPE I and 193,341 shares of Holdings Common Stock held by SPE Master I. ESL is the general partner of, and may be deemed to indirectly beneficially own securities owned by, RBS.
|
(7)
|
This is based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by
Holdings with the SEC on August 25, 2016, and the 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners. ESL is the general partner of, and may be deemed to
indirectly beneficially own securities owned by, RBS.
|
(8)
|
This number includes 21,992,640 shares of Holdings Common Stock held by Partners, 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by
Partners, 150,124 shares of Holdings Common Stock held by SPE I and 193,341 shares of Holdings Common Stock held by SPE Master I. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to indirectly beneficially own
securities owned by, ESL.
|
(9)
|
This is based upon 106,922,970 shares of Holdings Common Stock outstanding as of August 19, 2016, as disclosed in Holdings Quarterly Report on Form 10-Q for the quarter ended July 30, 2016, that was filed by
Holdings with the SEC on August 25, 2016, the 6,328,687 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert and the 4,808,465 shares of Holdings Common Stock that
Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to indirectly beneficially own securities owned by, ESL.
|
(c) Other than as set forth on Annex B hereto, there have been no transactions in the class of securities reported on that were effected by
the Reporting Persons during the past sixty days or since the most recent filing of Schedule 13D, whichever is less.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
Item 6 is hereby amended and supplemented as follows:
The information set forth in Item 4 is incorporated by reference into this Item 6.
Item 7. Material to be Filed as Exhibits.
Item 7 is hereby amended and restated in its entirety as follows:
The following exhibits are filed as exhibits hereto:
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Exhibit
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Description of Exhibit
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99.1
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Amendment, dated March 22, 2005, to the Agreement, dated January 31, 2005, among Kmart Holding Corporation, Sears Holdings Corporation, ESL Partners, L.P., ESL Investors, L.L.C., ESL Institutional Partners, L.P. and CRK Partners II,
L.P. (incorporated herein by reference to Exhibit L to the Amendment to Schedule 13D filed on April 1, 2005).
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99.2
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Acknowledgement, dated March 24, 2005, by Sears Holdings Corporation (relating to the assumption of the Registration Rights Agreement) (incorporated herein by reference to Exhibit K to the Amendment to Schedule 13D filed on April 1,
2005).
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99.3
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Letter Agreement, dated June 2, 2010, between ESL Partners, L.P. and Edward S. Lampert (incorporated herein by reference to Exhibit 8 to the Amendment to Schedule 13D filed on June 2, 2010).
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99.6
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Form of Letter (incorporated herein by reference to Exhibit 10.30 to Holdings Annual Report on Form 10-K filed on March 20, 2013).
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99.7
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Loan Agreement, dated September 15, 2014, among Sears, Roebuck and Co., Sears Development Co. and Kmart Corporation, and JPP II, LLC and JPP, LLC (incorporated herein by reference to Exhibit 99.7 to the Amendment to Schedule 13D
filed on September 16, 2014).
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99.8
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Participation Agreement, dated September 22, 2014, among PYOF 2014 Loans, LLC, and JPP II, LLC and JPP, LLC (incorporated herein by reference to Exhibit 99.8 to the Amendment to Schedule 13D filed on September 24, 2014).
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99.9
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Amended and Restated Participation Agreement, dated September 30, 2014, among PYOF 2014 Loans, LLC, The Fairholme Partnership, LP, and JPP II, LLC and JPP, LLC (incorporated herein by reference to Exhibit 99.9 to the Amendment to
Schedule 13D filed on October 1, 2014).
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99.10
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Form of Subscription Rights Certificate (incorporated herein by reference to Exhibit 99.10 to the Amendment to Schedule 13D filed on October 17, 2014).
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99.11
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Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE Master I, LP and ESL Partners, L.P. (incorporated herein by reference to Exhibit 99.11 to the Amendment to Schedule 13D filed on October 28,
2014).
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99.12
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Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE Master I, LP and Mr. Edward S. Lampert (incorporated herein by reference to Exhibit 99.12 to the Amendment to Schedule 13D filed on October 28,
2014).
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99.13
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Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE I Partners, LP and ESL Partners, L.P. (incorporated herein by reference to Exhibit 99.13 to the Amendment to Schedule 13D filed on October 28,
2014).
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99.14
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Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE I Partners, LP and Mr. Edward S. Lampert (incorporated herein by reference to Exhibit 99.14 to the Amendment to Schedule 13D filed on October 28,
2014).
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99.15
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Form of Subscription Rights Certificate (incorporated herein by reference to Exhibit 99.15 to the Amendment to Schedule 13D filed on November 12, 2014).
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99.16
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Form of Note (incorporated herein by reference to Exhibit 4.3 to the Post-Effective Amendment No. 1 to Form S-3 Registration Statement, filed by Holdings with the Securities and Exchange Commission on October 30, 2014).
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99.17
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Form of Warrant Certificate (incorporated herein by reference to Exhibit 4.4 to the Post-Effective Amendment No. 1 to Form S-3 Registration Statement, filed by Holdings with the Securities and Exchange Commission on October 30,
2014).
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99.18
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Amendment to Loan Agreement, entered into on February 25, 2015 and effective as of February 28, 2015, by and between JPP II, LLC and JPP, LLC and Sears, Roebuck and Co., Sears Development Co. and Kmart Corporation (incorporated
herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on February 26, 2015).
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99.19
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Form of Subscription Rights Certificate (incorporated herein by reference to Exhibit 99.19 to the Amendment to Schedule 13D filed on June 16, 2015).
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99.20
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Exchange Agreement, dated as of June 26, 2015, by and among ESL Partners, L.P. and Edward S. Lampert and Seritage Growth Properties, L.P. and Seritage Growth Properties (incorporated herein by reference to Exhibit 99.20 to the
Amendment to Schedule 13D filed on June 29, 2015).
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99.21
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Form of Purchase and Sale Agreement, dated as of July 2, 2015, by and among the Participating Limited Partner, RBS Partners, L.P. and RBS Partners, L.P., in its capacity as general partner of either SPE I Partners, LP or SPE Master
I, LP (incorporated herein by reference to Exhibit 99.21 to the Amendment to Schedule 13D filed on July 6, 2015).
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99.22
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Rule 10b5-1(c) Plan, dated July 2, 2015, by SPE I Partners, LP and RBS Partners, L.P. (incorporated herein by reference to Exhibit 99.22 to the Amendment to Schedule 13D filed on July 6, 2015).
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99.23
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Rule 10b5-1(c) Plan, dated July 2, 2015, by SPE Master I, LP and RBS Partners, L.P. (incorporated herein by reference to Exhibit 99.23 to the Amendment to Schedule 13D filed on July 6, 2015).
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99.24
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Letter Agreement, dated January 28, 2016, by and between Holdings and Edward S. Lampert (incorporated herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on February 3,
2016).
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99.25
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Joint Filing Agreement (incorporated herein by reference to Exhibit 99.25 to the Amendment to Schedule 13D filed on February 4, 2016).
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99.26
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Loan Agreement, dated as of April 8, 2016, between Sears, Roebuck and Co., Sears Development Co., Innovel Solutions, Inc., Big Beaver of Florida Development, LLC and Kmart Corporation, and JPP, LLC, JPP II, LLC and Cascade
Investment, L.L.C. (incorporated herein by reference to Exhibit 99.26 to the Amendment to Schedule 13D filed on April 12, 2016).
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99.27
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Co-Lender Agreement, dated as of April 8, 2016, by and among JPP, LLC and JPP II, LLC, and Cascade Investment, L.L.C. and each transferee of a portion of any interest in the loan made in accordance with the Co-Lender Agreement
(incorporated herein by reference to Exhibit 99.27 to the Amendment to Schedule 13D filed on April 12, 2016).
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99.28
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Assignment and Acceptance, dated as of April 8, 2016, by and between Bank of America, N.A., as assignor, and JPP II, LLC, as assignee (filed herewith).
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99.29
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Assignment and Acceptance, dated as of April 8, 2016, by and between Bank of America, N.A., as assignor, and JPP, LLC, as assignee (filed herewith).
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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.
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Date: August 26, 2016
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ESL PARTNERS, L.P.
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By: RBS Partners, L.P., as its general partner
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By: ESL Investments, Inc., as its general partner
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By:
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/s/ Edward S. Lampert
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Name:
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Edward S. Lampert
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Title:
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Chief Executive Officer
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SPE I PARTNERS, LP
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By: RBS Partners, L.P., as its general partner
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By: ESL Investments, Inc., as its general partner
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By:
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/s/ Edward S. Lampert
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Name:
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Edward S. Lampert
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Title:
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Chief Executive Officer
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SPE MASTER I, LP
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By:
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RBS Partners, L.P., as its general partner
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By:
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ESL Investments, Inc., as its general partner
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By:
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/s/ Edward S. Lampert
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Name:
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Edward S. Lampert
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Title:
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Chief Executive Officer
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RBS PARTNERS, L.P.
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By: ESL Investments, Inc., as its general partner
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By:
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/s/ Edward S. Lampert
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Name:
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Edward S. Lampert
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Title:
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Chief Executive Officer
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ESL INVESTMENTS, INC.
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By:
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/s/ Edward S. Lampert
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Name:
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Edward S. Lampert
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Title:
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Chief Executive Officer
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EDWARD S. LAMPERT
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By:
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/s/ Edward S. Lampert
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ANNEX B
RECENT TRANSACTIONS BY THE REPORTING PERSONS IN THE SECURITIES OF
SEARS HOLDINGS CORPORATION
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Entity
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Date of
Transaction
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Description
of Transaction
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Shares
Acquired
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Shares
Disposed
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Price
Per Share
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Edward S. Lampert
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06/30/2016
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Grant of Shares Pursuant
to a Letter between
Edward S. Lampert and
Holdings
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22,124
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$
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0
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Edward S. Lampert
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07/29/2016
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Grant of Shares Pursuant
to a Letter between
Edward S. Lampert and
Holdings
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22,124
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$
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0
|
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EXHIBIT INDEX
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Exhibit
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Description of Exhibit
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99.1
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Amendment, dated March 22, 2005, to the Agreement, dated January 31, 2005, among Kmart Holding Corporation, Sears Holdings Corporation, ESL Partners, L.P., ESL Investors, L.L.C., ESL Institutional Partners, L.P. and CRK Partners II,
L.P. (incorporated herein by reference to Exhibit L to the Amendment to Schedule 13D filed on April 1, 2005).
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99.2
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Acknowledgement, dated March 24, 2005, by Sears Holdings Corporation (relating to the assumption of the Registration Rights Agreement) (incorporated herein by reference to Exhibit K to the Amendment to Schedule 13D filed on April 1,
2005).
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99.3
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Letter Agreement, dated June 2, 2010, between ESL Partners, L.P. and Edward S. Lampert (incorporated herein by reference to Exhibit 8 to the Amendment to Schedule 13D filed on June 2, 2010).
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99.6
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Form of Letter (incorporated herein by reference to Exhibit 10.30 to Holdings Annual Report on Form 10-K filed on March 20, 2013).
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99.7
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Loan Agreement, dated September 15, 2014, among Sears, Roebuck and Co., Sears Development Co. and Kmart Corporation, and JPP II, LLC and JPP, LLC (incorporated herein by reference to Exhibit 99.7 to the Amendment to Schedule 13D
filed on September 16, 2014).
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99.8
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Participation Agreement, dated September 22, 2014, among PYOF 2014 Loans, LLC, and JPP II, LLC and JPP, LLC (incorporated herein by reference to Exhibit 99.8 to the Amendment to Schedule 13D filed on September 24, 2014).
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99.9
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Amended and Restated Participation Agreement, dated September 30, 2014, among PYOF 2014 Loans, LLC, The Fairholme Partnership, LP, and JPP II, LLC and JPP, LLC (incorporated herein by reference to Exhibit 99.9 to the Amendment to
Schedule 13D filed on October 1, 2014).
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99.10
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Form of Subscription Rights Certificate (incorporated herein by reference to Exhibit 99.10 to the Amendment to Schedule 13D filed on October 17, 2014).
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99.11
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Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE Master I, LP and ESL Partners, L.P. (incorporated herein by reference to Exhibit 99.11 to the Amendment to Schedule 13D filed on October 28,
2014).
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|
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99.12
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Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE Master I, LP and Mr. Edward S. Lampert (incorporated herein by reference to Exhibit 99.12 to the Amendment to Schedule 13D filed on October 28,
2014).
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99.13
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Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE I Partners, LP and ESL Partners, L.P. (incorporated herein by reference to Exhibit 99.13 to the Amendment to Schedule 13D filed on October 28,
2014).
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99.14
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Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE I Partners, LP and Mr. Edward S. Lampert (incorporated herein by reference to Exhibit 99.14 to the Amendment to Schedule 13D filed on October 28,
2014).
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99.15
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Form of Subscription Rights Certificate (incorporated herein by reference to Exhibit 99.15 to the Amendment to Schedule 13D filed on November 12, 2014).
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99.16
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Form of Note (incorporated herein by reference to Exhibit 4.3 to the Post-Effective Amendment No. 1 to Form S-3 Registration Statement, filed by Holdings with the Securities and Exchange Commission on October 30, 2014).
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99.17
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Form of Warrant Certificate (incorporated herein by reference to Exhibit 4.4 to the Post-Effective Amendment No. 1 to Form S-3 Registration Statement, filed by Holdings with the Securities and Exchange Commission on October 30,
2014).
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99.18
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Amendment to Loan Agreement, entered into on February 25, 2015 and effective as of February 28, 2015, by and between JPP II, LLC and JPP, LLC and Sears, Roebuck and Co., Sears Development Co. and Kmart Corporation (incorporated
herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on February 26, 2015).
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99.19
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Form of Subscription Rights Certificate (incorporated herein by reference to Exhibit 99.19 to the Amendment to Schedule 13D filed on June 16, 2015).
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99.20
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Exchange Agreement, dated as of June 26, 2015, by and among ESL Partners, L.P. and Edward S. Lampert and Seritage Growth Properties, L.P. and Seritage Growth Properties (incorporated herein by reference to Exhibit 99.20 to the
Amendment to Schedule 13D filed on June 29, 2015).
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99.21
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Form of Purchase and Sale Agreement, dated as of July 2, 2015, by and among the Participating Limited Partner, RBS Partners, L.P. and RBS Partners, L.P., in its capacity as general partner of either SPE I Partners, LP or SPE Master
I, LP (incorporated herein by reference to Exhibit 99.21 to the Amendment to Schedule 13D filed on July 6, 2015).
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99.22
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Rule 10b5-1(c) Plan, dated July 2, 2015, by SPE I Partners, LP and RBS Partners, L.P. (incorporated herein by reference to Exhibit 99.22 to the Amendment to Schedule 13D filed on July 6, 2015).
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99.23
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Rule 10b5-1(c) Plan, dated July 2, 2015, by SPE Master I, LP and RBS Partners, L.P. (incorporated herein by reference to Exhibit 99.23 to the Amendment to Schedule 13D filed on July 6, 2015).
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99.24
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Letter Agreement, dated January 28, 2016, by and between Holdings and Edward S. Lampert (incorporated herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on February 3,
2016).
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99.25
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Joint Filing Agreement (incorporated herein by reference to Exhibit 99.25 to the Amendment to Schedule 13D filed on February 4, 2016).
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99.26
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Loan Agreement, dated as of April 8, 2016, between Sears, Roebuck and Co., Sears Development Co., Innovel Solutions, Inc., Big Beaver of Florida Development, LLC and Kmart Corporation, and JPP, LLC, JPP II, LLC and Cascade
Investment, L.L.C. (incorporated herein by reference to Exhibit 99.26 to the Amendment to Schedule 13D filed on April 12, 2016).
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99.27
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Co-Lender Agreement, dated as of April 8, 2016, by and among JPP, LLC and JPP II, LLC, and Cascade Investment, L.L.C. and each transferee of a portion of any interest in the loan made in accordance with the Co-Lender Agreement
(incorporated herein by reference to Exhibit 99.27 to the Amendment to Schedule 13D filed on April 12, 2016).
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99.28
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Assignment and Acceptance, dated as of April 8, 2016, by and between Bank of America, N.A., as assignor, and JPP II, LLC, as assignee (filed herewith).
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99.29
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Assignment and Acceptance, dated as of April 8, 2016, by and between Bank of America, N.A., as assignor, and JPP, LLC, as assignee (filed herewith).
|