-----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, KMSD/5DB/CrAEIavJwBdc8zBi+chumImyCjge4f3k6rWE4UIz59W93lS4HTMRz7e QS49eN8YhMOIq2/dS7CWdA== 0001058217-99-000079.txt : 19990422 0001058217-99-000079.hdr.sgml : 19990422 ACCESSION NUMBER: 0001058217-99-000079 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990421 GROUP MEMBERS: GOTHAM CAPITAL III L P ET AL GROUP MEMBERS: GOTHAM CAPITAL V, LLC GROUP MEMBERS: GOTHAM CAPITAL VI, LLC GROUP MEMBERS: GOTHAM CAPITAL VII, LLC GROUP MEMBERS: JOEL M. GREENBLATT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SBARRO INC CENTRAL INDEX KEY: 0000766004 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 112501939 STATE OF INCORPORATION: NY FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-38230 FILM NUMBER: 99598355 BUSINESS ADDRESS: STREET 1: 401 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 5168640200 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOTHAM CAPITAL III L P ET AL CENTRAL INDEX KEY: 0000936075 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 061253453 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 153 E 53RD ST STREET 2: 51ST FL CITY: NEW YORK STATE: NY ZIP: 10022-4611 BUSINESS PHONE: 2123194100 MAIL ADDRESS: STREET 1: 153 E 53RD ST STREET 2: 51ST FL CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 SCHEDULE 13D AMENDMENT #1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDMENT NO. 1 SBARRO, INC. - -------------------------------------------------------------------------------- (Name of issuer) Common Stock, $.01 Par Value - -------------------------------------------------------------------------------- 805844-10-7 - -------------------------------------------------------------------------------- (Cusip Number) Bruce Berkowitz 100 Jericho Quadrangle, Suite 212 Jericho, New York 11753 212-319-4100 with copies to: Joseph F. Mazzella Lane Altman & Owens LLP 101 Federal Street Boston, Massachusetts 02110 617-345-9800 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 6, 1999 - -------------------------------------------------------------------------------- (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 [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. 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 ("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). - -------------------------- -------------------------- CUSIP NO. 805844-10-7 SCHEDULE 13D Page 2 of 10 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GOTHAM CAPITAL V, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 4,567 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 4,567 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 879,567* * See Items 5 and 6 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.285% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON 00 - LIMITED LIABILITY COMPANY ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------- -------------------------- CUSIP NO. 805844-10-7 SCHEDULE 13D Page 3 of 10 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GOTHAM CAPITAL VI, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 315,495 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 315,495 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 465,495* * See Items 5 and 6 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.267% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON 00 - LIMITED LIABILITY COMPANY ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------- -------------------------- CUSIP NO. 805844-10-7 SCHEDULE 13D Page 4 of 10 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GOTHAM CAPITAL VII, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 412,502 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 412,502 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 412,502 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.01% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON 00 - LIMITED LIABILITY COMPANY ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------- -------------------------- CUSIP NO. 805844-10-7 SCHEDULE 13D Page 5 of 10 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JOEL M. GREENBLATT - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 122,083 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 732,564 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 122,083 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 732,564 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,879,647* * See Items 5 and 6 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.156% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN Individual ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 805844-10-7 SCHEDULE 13D Page 6 of 10 Pages ----------- -------------------- This Amendment No. 1 amends and supplements the Schedule 13D filed on March 4, 1999. Item 1 through Item 4. No Changes [Continued on Next Page] CUSIP No. 805844-10-7 SCHEDULE 13D Page 7 of 10 Pages ----------- -------------------- ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a)and (b) The beneficial ownership of each of the Reporting Persons of Common Stock of the Issuer as of the date hereof is as follows: JOEL M. GREENBLATT* (a) Amount Beneficially Owned: 1,879,647* -------------------------------------------- (b) Percent of Class: 9.156% --------------------------------------------------- (c) Number of shares as to which such person has: (i)sole power to vote or to direct the vote: 122,083 ----------------------- (ii)shared power to vote or to direct the vote: 732,564 ---------------------- (iii)sole power to dispose or to direct the disposition of: 122,083 ---------- (iv) shared power to dispose or to direct the disposition of: 732,564 ---------- GOTHAM CAPITAL V, LLC (a) Amount Beneficially Owned: 879,567@ ------------------------------------------- (b) Percent of Class: 4.285% ---------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 ----------------------- (ii) shared power to vote or to direct the vote: 4,567 --------------------- (iii)sole power to dispose or to direct the disposition of: 0 ---------- (iv) shared power to dispose or to direct the disposition of: 4,567 --------- Gotham Capital VI, LLC (a) Amount Beneficially Owned: 465,495** ------------------------------------------- (b) Percent of Class: 2.267% ---------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 ----------------------- (ii) shared power to vote or to direct the vote: 315,495 --------------------- (iii)sole power to dispose or to direct the disposition of: 0 ---------- (iv) shared power to dispose or to direct the disposition of: 315,495 -------- Gotham Capital VII, LLC (a) Amount Beneficially Owned: 412,502 ------------------------------------------- (b) Percent of Class: 2.01% ---------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 ----------------------- (ii) shared power to vote or to direct the vote: 412,502 --------------------- (iii)sole power to dispose or to direct the disposition of: 0 ---------- (iv) shared power to dispose or to direct the disposition of: 412,502 -------- - ------- *Shares reported for Joel M. Greenblatt include shares beneficially owned by each of the Gotham Entities, which may be deemed to be controlled by Mr. Greenblatt who is the Manager thereof. #1,025,000 of the total 1,879,647 shares reported in this Item 5 and on Line 11 on page 5 above are subject to certain equity swap transactions more particularly described in Item 6 below. Mr. Greenblatt disclaims beneficial ownership of such shares. @875,000 of the total 879,567 shares reported in this Item 5 and on Line 11 on page 2 above are subject to certain equity swap transactions more particularly described in Item 6 below. Mr. Greenblatt disclaims beneficial ownership of such shares. **150,000 of the total 465,495 shares reorted in this Item 5 and on Line 11 on page 3 above are subject to certain equity swap transactions more particularly described in Item 6 below. Gotham VI disclaims beneficial ownership of such shares. CUSIP No. 805844-10-7 Page 8 of 10 Pages ----------- ------------------- The number of shares beneficially owned and the percentage of outstanding shares represented thereby, for each of the Reporting Persons, have been computed in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended. The percentages of ownership described above are based on the 20,528,309 outstanding shares of Common Stock of the Issuer reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended October 4, 1998. (c) The following are acquisitions (dispositions) of Common Stock of the Issuer reported on herein which have been effected in the past sixty days by the Reporting Persons (all such transactions were effected on the open market except as otherwise indicated).
Reporting Person/ Controlled Entity Date No. of Shares Price Per Share ($) Total ($) ----------------- ---- ------------- ------------------- --------- Joel M. Greenblatt 02/17/99 41,500 23.5000 975,250.00 03/15/99 82,783(b) N/A N/A 03/19/99 (2,200) 25.7500 56,650.00 Gotham Capital V 02/17/99 100,000 23.5000 2,350,000.00 02/26/99 3,200 25.0000 80,000.00 02/26/99 17,000 24.9988 424,979.60 02/26/99 23,800 24.9271 593,264.98 03/01/99 6,600 25.0000 165,000.00 03/03/99 (92,471)(a) N/A N/A 03/15/99 (94,760)(a) N/A N/A 03/31/99 (500,000)(c) 26.6350 13,317,500.00 04/01/99 (375,000)(c) 26.4475 9,917,812.50 Gotham Capital VI 02/17/99 50,000 23.5000 1,175,000.00 03/15/99 (23,505)(a) N/A N/A 03/31/99 (150,000)(c) 26.6350 3,995,250.00 Gotham Capital VII 02/17/99 47,000 23.5000 1,104,500.00 02/26/99 1,500 25.0000 37,500.00 02/26/99 8,000 24.9988 199,990.40 02/26/99 11,200 24.9271 279,183.52 03/01/99 3,100 25.0000 77,500.00
(a) Distribution(s) to withdrawing member(s) (b) Receipt of distribution in-kind from Gotham Entities (c) Transfer in connection with entry into equity swap transactions described in Item 6. The Reporting Person disclaims all beneficial ownership of such shares. CUSIP No. 805844-10-7 Page 9 of 10 Pages ----------- ------------------- ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS AND RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER GothamV and Gotham VI entered into a swap transaction with NationsBank, N.A. or an affiliate thereof effective April 6, 1999 pursuant to a Standard ISDA Master Agreement. The aggregate 650,000 shares of the Issuer reported in Item 5(c)above as being transferred on March 31, 1999, were transferred to NationsBank in connection with the equity swap on such number of shares. Gotham V also entered into swap transactions with each of NationsBank, N.A. and Deutsche Bank Scurities effective April 7, 1999. The aggregate 375,000 shares of the Issuer reported in Item 5(c) above as being transferred on April 1,1999, were transferred to NationsBank (125,000 shares) and Deutsche Bank Securities (250,000 shares) in connection with the equity swaps on such number of shares. Item 7. No changes CUSIP No. 805844-10-7 Page 10 of 10 Pages ----------- ------------------- 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. GOTHAM CAPITAL V, LLC By: /s/ Joel M. Greenblatt ------------------------------------- Joel M. Greenblatt, Manager GOTHAM CAPITAL VI, LLC By: /s/ Joel M. Greenblatt ------------------------------------- Joel M. Greenblatt, Manager GOTHAM CAPITAL VII, LLC By: /s/ Joel M. Greenblatt ------------------------------------- Joel M. Greenblatt, Manager By: /s/ Joel M. Greenblatt ------------------------------------- Joel M. Greenblatt, individually Dated as of: April 19, 1999 -----END PRIVACY-ENHANCED MESSAGE-----