X0202 3/A 2007-06-15 2007-06-20 0 0001016607 WILSONS THE LEATHER EXPERTS INC WLSN 0000911092 QUAKER CAPITAL MANAGEMENT CORP ARROTT BLDG 401 WOOD STREET SUITE 1300 PITTSBURGH PA 15222 0 0 1 0 0001402311 Quaker Capital Partners I, L.P. THE ARROTT BUILDING 401 WOOD STREET SUITE 1300 PITTSBURGH PA 15222 0 0 1 0 0001402184 Quaker Premier, L.P. THE ARROTT BUILDING 401 WOOD STREET SUITE 1300 PITTSBURGH PA 15222 0 0 1 0 0001402182 Quaker Capital Partners II, L.P. THE ARROTT BUILDING 401 WOOD STREET SUITE 1300 PITTSBURGH PA 15222 0 0 1 0 0001402185 Quaker Premier II, L.P. THE ARROTT BUILDING 401 WOOD STREET SUITE 1300 PITTSBURGH PA 15222 0 0 1 0 0001403701 Schoeppner Mark G THE ARROTT BUILDING 401 WOOD STREET, SUITE 1300 PITTSBURGH PA 15222 0 0 1 0 Common Stock Warrants (right to buy) 2.39 2007-06-15 2009-04-25 Common Stock, par value $.01 per share 717481 I Through two partnerships Common Stock Warrants (right to buy) 2.39 2007-06-15 2009-07-02 Common Stock, par value $.01 per share 717481 I Through two partnerships This amendment is being filed to correct the number of shares of the Issuer's common stock, par value $.01 per share ("Common Stock"), that are issuable upon exercise of the Warrants and the exercise price of the Warrants. Due to an incorrect anti-dilution calculation, the original Form 3 indicated ownership of Warrants to purchase 1,632,654 shares of Common Stock at an exercise price of $2.10. This amendment also adds the signatures of all of the Reporting Persons. Quaker Capital Partners I, L.P. ("Quaker I"), whose sole general partner is Quaker Premier, L.P. ("Premier"), is the record owner of one of these Warrants which is originally exercisable for 460,622 shares of Common Stock. Quaker Capital Partners II, L.P. ("Quaker II"), whose sole general partner is Quaker Premier II, L.P. ("Premier2"), is the record owner of one of these Warrants which is originally exercisable for 256,859 shares of Common Stock. Quaker Capital Management Corporaiton is the sole general partner of each of Premier and Premier2. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Exchange Act or any other purpose. As adjusted in connection with an issuance of securities that results in an anti-dilution adjustment to the number of shares of Common Stock exercisable under, and the per share exercise price of such shares under, the Warrants. Quaker I is the record owner of one of these Warrants which is originally exercisable for 460,622 shares of Common Stock. Quaker II is the record owner of one of these Warrants which is originally exercisable for 256,859 shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Exchange Act or any other purpose. QUAKER CAPITAL PARTNERS I, L.P. By: Quaker Premier, L.P., its general partner By: Quaker Capital Management Corporation, its general partner By: /s/ Mark G. Schoeppner 06/29/2007 Mark G. Schoeppner, President QUAKER PREMIER, L.P. By: Quaker Capital Management Corporation, its general partner By: /s/ Mark G. Schoeppner 06/29/2007 Mark G. Schoeppner, President QUAKER CAPITAL PARTNERS II, L.P. By: Quaker Premier, L.P., its general partner By: Quaker Capital Management Corporaiton, its general partner By: /s/ Mark G. Schoeppner 06/29/2007 Mark G. Schoeppner, President QUAKER PREMIER II, L.P. By: Quaker Capital Management Corporation, its general partner By: /s/ Mark G. Schoeppner 06/29/2007 Mark G. Schoeppner, President QUAKER CAPITAL MANAGEMENT CORPORATION /s/ Mark G. Schoeppner 06/29/2007 Mark G. Schoeppner, President /s/ Mark G. Schoeppner 06/29/2007 Mark G. Schoeppner /s/ Mark G. Schoeppner 2007-06-29