-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DlE1sTQP/ItEp1BMQ3piacSfoadoa/iqqZIQBR+1tt2CCMnJtjMAbnG2aOmjccmi sS8YVGjlNNmXXoLGnbjfFA== 0000950134-07-026367.txt : 20071231 0000950134-07-026367.hdr.sgml : 20071231 20071231151453 ACCESSION NUMBER: 0000950134-07-026367 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071231 DATE AS OF CHANGE: 20071231 GROUP MEMBERS: ASGARD INVESTMENT CORP GROUP MEMBERS: CLINT D CARLSON GROUP MEMBERS: DOUBLE BLACK DIAMOND OFFSHORE LDC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SPORT SUPPLY GROUP, INC. CENTRAL INDEX KEY: 0000828747 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 222795073 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40925 FILM NUMBER: 071334357 BUSINESS ADDRESS: STREET 1: 1901 DIPLOMAT DRIVE CITY: DALLAS STATE: TX ZIP: 75234 BUSINESS PHONE: 9724849484 MAIL ADDRESS: STREET 1: 1901 DIPLOMAT DRIVE CITY: DALLAS STATE: TX ZIP: 75234 FORMER COMPANY: FORMER CONFORMED NAME: COLLEGIATE PACIFIC INC DATE OF NAME CHANGE: 19980303 FORMER COMPANY: FORMER CONFORMED NAME: DSSI CORP DATE OF NAME CHANGE: 19971031 FORMER COMPANY: FORMER CONFORMED NAME: DRUG SCREENING SYSTEMS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CARLSON CAPITAL L P CENTRAL INDEX KEY: 0001056973 IRS NUMBER: 752494317 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2100 MCKINNEY AVE STREET 2: STE 1600 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2149329600 MAIL ADDRESS: STREET 1: 2100 MCKINNEY AVE STREET 2: STE 1600 CITY: DALLAS STATE: TX ZIP: 75201 SC 13D/A 1 d52788sc13dza.htm AMENDMENT TO SCHEDULE 13D sc13dza
 

 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 2)
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Under the Securities Exchange Act of 1934
SPORT SUPPLY GROUP, INC.
 
(Name of Issuer)
Shares of Common Stock, par value $0.01 per share
 
(Title of Class of Securities)
749283107
 
(CUSIP NUMBER)
Carlson Capital, L.P.
2100 McKinney Avenue
Suite 1600
Dallas, TX 75201
 
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Eliot D. Raffkind
Akin Gump Strauss Hauer & Feld LLP
1700 Pacific Avenue, Suite 4100
Dallas, Texas 75201-4618
(214) 969-2800
December 27, 2007
 
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box o
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, as amended (the “Act”), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
 
 

 

                     
CUSIP No.
  
749283107 
  13D/A

 

           
1   NAME OF REPORTING PERSONS

Carlson Capital, L.P.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

75-273-3266
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
  AF
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   2,709,600
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,709,600
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,709,600
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  22.2%
     
14   TYPE OF REPORTING PERSON*
   
  PN
*SEE INSTRUCTIONS BEFORE FILLING OUT

2 of 13

 

                     
CUSIP No.
  
749283107 
  13D/A

 

           
1   NAME OF REPORTING PERSONS

Asgard Investment Corp

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

75-249-4315
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
  AF
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   2,709,600
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,709,600
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,709,600
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  22.2%
     
14   TYPE OF REPORTING PERSON*
   
  CO

3 of 13

 

                     
CUSIP No.
  
749283107 
  13D/A

 

           
1   NAME OF REPORTING PERSONS

Clint D. Carlson

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
  AF
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  USA
       
  7   SOLE VOTING POWER
     
NUMBER OF   2,709,600
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,709,600
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,709,600
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  22.2%
     
14   TYPE OF REPORTING PERSON*
   
  PN
*SEE INSTRUCTIONS BEFORE FILLING OUT

4 of 13

 

                     
CUSIP No.
  
749283107 
  13D/A

 

           
1   NAME OF REPORTING PERSONS

Double Black Diamond Offshore LDC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
  WC, OO
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   2,489,781
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,489,781
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,489,781
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  20.4%
     
14   TYPE OF REPORTING PERSON*
   
  CO
*SEE INSTRUCTIONS BEFORE FILLING OUT

5 of 13

 

SCHEDULE 13D/A
     This Amendment No. 2 (this “Amendment”) to Schedule 13D (the “Schedule 13D”), relating to shares of common stock, par value $0.01 per share, (“Common Stock”) of Sport Supply Group, Inc., a Delaware corporation (the “Issuer”), is being filed with the Securities and Exchange Commission (the “Commission”).
     This Schedule 13D is filed on behalf of Double Black Diamond Offshore LDC, a Cayman exempted company, Carlson Capital, L.P., a Delaware limited partnership, the investment manager to Double Black Diamond Offshore LDC, Asgard Investment Corp., a Delaware corporation, the general partner to Carlson Capital, L.P. and Mr. Clint D. Carlson, the president of Asgard Investment Corp. (collectively, the “Reporting Persons”).
     This Amendment is being filed to amend and restate Items 3 and 5 in their entirety as follows:
Item 3. Source and Amount of Funds or Other Consideration
     The net investment costs (including commissions, if any) of the shares of Common Stock purchased by the Reporting Persons is approximately $22,931,012. Currently, 2,489,781 shares of Common Stock are held by Double Black Diamond Offshore LDC and 219,819 shares of Common Stock are held by Black Diamond Offshore Ltd.
Item 5. Interest in Securities of the Issuer
          (a) As of the date hereof, Double Black Diamond Offshore LDC owns 2,489,781 shares of Common Stock of the Issuer which represents 20.4% of the Issuer’s outstanding shares of Common Stock, which such percentage was calculated by dividing (i) the 2,489,781 shares beneficially owned by Double Black Diamond Offshore LDC as of the date hereof by (ii) 12,188,160 shares of Common Stock outstanding as of October 29, 2007 as reported in a Quarterly Report filed by the Issuer with the Commission on October 31, 2007.
          As of the date hereof, Carlson Capital, L.P. owns 2,709,600 shares of Common Stock of the Issuer which represents 22.2% of the Issuer’s outstanding shares of Common Stock, which such percentage was calculated by dividing (i) the 2,709,600 shares beneficially owned by Carlson Capital, L.P. as of the date hereof (which such number was calculated by adding (x) the 2,489,781 shares of Common Stock of the Issuer beneficially owned by Double Black Diamond Offshore LDC and (y) the 219,819 shares of Common Stock of the Issuer beneficially owned by Black Diamond Offshore Ltd.) by (ii) 12,188,160 shares of Common Stock outstanding as of October 29, 2007 as reported in a Quarterly Report filed by the Issuer with the Commission on October 31, 2007.
          As of the date hereof, Asgard Investment Corp. owns 2,709,600 shares of Common Stock of the Issuer which represents 22.2% of the Issuer’s outstanding shares of Common Stock, which such percentage was calculated by dividing (i) the 2,709,600 shares

 

 

beneficially owned by Asgard Investment Corp. as of the date hereof (which such number was calculated by adding (x) the 2,489,781 shares of Common Stock of the Issuer beneficially owned by Double Black Diamond Offshore LDC and (y) the 219,819 shares of Common Stock of the Issuer beneficially owned by Black Diamond Offshore Ltd.) by (ii) 12,188,160 shares of Common Stock outstanding as of October 29, 2007 as reported in a Quarterly Report filed by the Issuer with the Commission on October 31, 2007.
          As of the date hereof, Clint D. Carlson owns 2,709,600 shares of Common Stock of the Issuer which represents 22.2% of the Issuer’s outstanding shares of Common Stock, which such percentage was calculated by dividing (i) the 2,709,600 shares beneficially owned by Clint D. Carlson as of the date hereof (which such number was calculated by adding (x) the 2,489,781 shares of Common Stock of the Issuer beneficially owned by Double Black Diamond Offshore LDC and (y) the 219,819 shares of Common Stock of the Issuer beneficially owned by Black Diamond Offshore Ltd.) by (ii) 12,188,160 shares of Common Stock outstanding as of October 29, 2007 as reported in a Quarterly Report filed by the Issuer with the Commission on October 31, 2007.
          The filing of this statement on Schedule 13D shall not be construed as an admission that Carlson Capital, L.P., Asgard Investment Corp. or Clint D. Carlson are for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any of the shares of Common Stock held by Double Black Diamond Offshore LDC and Black Diamond Offshore Ltd. Pursuant to Rule 13d-4, Carlson Capital, L.P., Asgard Investment Corp. and Clint D. Carlson disclaim all such beneficial ownership.
          (b) Carlson Capital, L.P., Asgard Investment Corp. and Clint D. Carlson, for the account of each of Double Black Diamond Offshore LDC and Black Diamond Offshore Ltd., have the power to vote and dispose of the aggregate 2,709,600 shares of Common Stock held by Double Black Diamond Offshore LDC and Black Diamond Offshore Ltd. Double Black Diamond Offshore LDC has the power to vote and/or dispose of the 2,489,781 shares of Common Stock it holds.
          (c) The transactions in the Issuer’s securities by Reporting Persons in the last sixty days are listed as Annex A attached hereto and made a part hereof.

 

 

ANNEX A
                 
    Transaction       Quantity   Price per
Account   Date   Buy/Sell   (shares)   Share ($)
Double Black Diamond Offshore LDC
   December 27, 2007   Buy   27,570   7.9744
Black Diamond Offshore Ltd.
   December 27, 2007   Buy   2,430   7.9744
Double Black Diamond Offshore LDC
   December 28, 2007   Buy   101,075   7.8955
Double Black Diamond Offshore LDC
   December 28, 2007   Buy   4,595   7.9006
Double Black Diamond Offshore LDC
   December 28, 2007   Buy   38,595   7.8650
Black Diamond Offshore Ltd.
   December 28, 2007   Buy   8,925   7.8955
Black Diamond Offshore Ltd.
   December 28, 2007   Buy   405   7.9006
Black Diamond Offshore Ltd.
   December 28, 2007   Buy   3,405   7.8650

 

 

Signature
     After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
                 
DATED: DECEMBER 31, 2007   DOUBLE BLACK DIAMOND OFFSHORE LDC    
 
                
    By:   Carlson Capital, L.P., its investment manager    
 
                
    By:   Asgard Investment Corp., its general partner    
 
                
    By: /s/ Clint D. Carlson    
           
 
  Name: Clint D. Carlson    
 
  Title: President    
 
                
    CARLSON CAPITAL, L.P.    
 
                
    By:   Asgard Investment Corp., its general partner    
 
                
 
      By:   /s/ Clint D. Carlson    
 
               
 
      Name:   Clint D. Carlson    
 
      Title:   President    
 
                
    ASGARD INVESTMENT CORP.    
 
                
    By:   /s/ Clint D. Carlson    
             
    Name:   Clint D. Carlson    
    Title:   President    
 
                
    /s/ Clint D. Carlson    
         
    Clint D. Carlson    

 

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