X0202 4/A 2007-06-15 2007-06-19 0 0001016607 WILSONS THE LEATHER EXPERTS INC WLSN 0001130334 WESCHLER R TED 404B EAST MAIN ST., 2ND FLOOR CHARLOTTESVILLE VA 22902 1 0 1 0 0001265816 PENINSULA CAPITAL ADVISORS LLC 404B EAST MAIN STREET CHARLOTTESVILLE VA 22902 0 0 1 0 0001130325 PENINSULA INVESTMENT PARTNERS LP 404B EAST MAIN STREET, 2ND FLOOR CHARLOTTESVILLE VA 22902 0 0 1 0 Common Stock Warrant (right to buy) 2.39 2007-06-15 4 P 0 1 A 2007-06-15 2009-04-25 Common Stock 1793701 1 I See Footnote Common Stock Warrant (right to buy) 2.39 2007-06-15 4 P 0 1 A 2007-06-15 2009-07-02 Common Stock 1793701 1 I See Footnote The transactions reported involve the amendment of outstanding warrants 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. The amendment to the warrants is reported as a cancellation of an outstanding warrant and acquisition of a new warrant. The Form 4 filed on June 19, 2007 incorrectly reported the amended exercise price of the warrants (column 2) and the number of shares underlying each warrant (column 7). These securities are held in the account of Peninsula Investment Partners, L.P. (the "Partnership") for which Peninsula Capital Advisors, LLC ("Peninsula Advisors") serves as investment manager. Mr. R. Ted Weschler, a director of the Issuer, is the sole managing member of Peninsula Advisors. Peninsula Advisors and Mr. Weschler may be deemed to beneficially own the securities held by the Partnership by virtue of Peninsula Advisor?s position as investment manager of the Partnership and Mr. Weschler's status as the managing member of Peninsula Advisors. Collectively, R. Ted Weschler, Peninsula Advisors and the Partnership are the Reporting Persons. 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. /s/ R. Ted Weschler 2007-06-28 R. Ted Weschler, Managing Member 2007-06-28 Peninsula Capital Appreciation, LLC, its General Partner By: /s/ R. Ted Weschler, Managing Member 2007-06-28