SC 13D/A 1 sc13da-h.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------------- SCHEDULE 13D (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) (Amendment No. 8)1/ Heartland Partners, L.P. ------------------------------------------------------------------------------- (Name of Issuer) Class A Limited Partnership Units (Title of Class of Securities) 422357 10 3 ------------------------------------------------------------------------------- (CUSIP Number) David S. Richter Waveland Capital Management, L.P. 227 West Monroe, Suite 4800 Chicago, Illinois 60606 (312) 739-2138 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 1, 2001 ------------------------------------------------------------------------------- (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 (b) (3) or (4), 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. ----------- 1/ 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 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.422357-10-3 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Waveland Partners, L.P. _______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] _______________________________________________________________________________ 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 Illinois _______________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF SHARES ________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 189,352 OWNED BY ________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON ________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 189,352 _______________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 189,352 Units _______________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] _______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.84% _______________________________________________________________________________ 14 TYPE OF REPORTING PERSON* PN _______________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 10 Pages CUSIP No.422357-10-3 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Waveland Capital Management, L.P. _______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] _______________________________________________________________________________ 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 Illinois _______________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF SHARES ________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 189,752 OWNED BY ________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON ________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 189,752 _______________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 189,752 Units _______________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] _______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.86% _______________________________________________________________________________ 14 TYPE OF REPORTING PERSON* PN _______________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 10 Pages CUSIP No.422357-10-3 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Clincher Capital Corporation _______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] _______________________________________________________________________________ 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 Illinois _______________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF SHARES ________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 189,752 OWNED BY ________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON ________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 189,752 _______________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 189,752 Units _______________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] _______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.86% _______________________________________________________________________________ 14 TYPE OF REPORTING PERSON* CO _______________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 10 Pages CUSIP No.422357-10-3 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Waveland Capital Management, LLC _______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] _______________________________________________________________________________ 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 Illinois _______________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF SHARES ________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 137,737 OWNED BY ________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON ________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 137,737 _______________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 137,737 Units _______________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] _______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.43% _______________________________________________________________________________ 14 TYPE OF REPORTING PERSON* OO _______________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 10 Pages CUSIP No.422357-10-3 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Waveland Partners, Ltd. _______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] _______________________________________________________________________________ 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 Cayman Islands _______________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF SHARES ________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 137,737 OWNED BY ________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON ________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 137,737 _______________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 137,737 Units _______________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] _______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.43% _______________________________________________________________________________ 14 TYPE OF REPORTING PERSON* OO _______________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 6 of 10 Pages CUSIP No.422357-10-3 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Waveland International, Ltd. _______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] _______________________________________________________________________________ 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 Cayman Islands _______________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF SHARES ________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 18,151 OWNED BY ________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON ________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 18,151 _______________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,151 Units _______________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] _______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.85% _______________________________________________________________________________ 14 TYPE OF REPORTING PERSON* OO _______________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 10 Pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) Waveland Partners, L.P., Waveland Capital Management, L.P. and Clincher Capital Corporation beneficially own 189,352 Units representing approximately 8.84% of the Units outstanding as of September 30, 2001 (as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2001). Additionally, an account for which Waveland Capital Management, L.P. serves as the investment advisor has acquired 400 Units (the "Managed Account Units"). Thus, Waveland Capital Management, L.P. and Clincher Capital Corporation, Waveland Capital's general partner, may also be deemed to be a beneficial owner of the Managed Account Units. Waveland Partners, Ltd. and Waveland Capital Management, LLC beneficially own 137,737 Units representing approximately 6.43% of the Units outstanding as of September 30, 2001 (as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2001). Waveland International, Ltd. beneficially owns 18,151 Units representing approximately 0.85% of the Units outstanding as of September 30, 2001 (as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2001). The Waveland entities collectively hold 308,938 Units representing approximately 14.4% of the Units outstanding as of September 30, 2001 (as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2001). Additionally, an account for which Waveland Capital Management, L.P. serves as the investment advisor has acquired 400 Units (the "Managed Account Units"). Thus, the Waveland entities may also be deemed to be a beneficial owner of the Managed Account Units. (b) Waveland Partners, L.P. has the shared power to vote or direct the vote and the shared power to dispose or direct the disposition of 189,352 Units (consisting of the Units acquired by Waveland Partners, L.P. and by Waveland International, Ltd.). Waveland Capital Management, L.P. and Clincher Capital Corporation have the shared power to vote or direct the vote and the shared power to dispose or direct the disposition of 189,752 Units (consisting of the Units acquired by Waveland Partners, L.P., by Waveland International, Ltd. and by the an account for which Waveland Capital Management, L.P. serves as the investment advisor). Waveland Partners, Ltd. and Waveland Capital Management, LLC have the shared power to vote or direct the vote and the shared power to dispose or direct the disposition of 137,737 Units (consisting of the Units acquired by Waveland Partners, Ltd. and by Waveland International, Ltd.). Waveland International, Ltd. has the shared power to vote or direct the vote and the shared power to dispose or direct the disposition of 18,151 Units (consisting of the Units acquired by Waveland International, Ltd.). Page 8 of 13 Pages (c) In the past 60 days, Waveland International effected the following transactions with respect to the Units: On October 18, 2001 Waveland International, Ltd. disposed of 18,151 Units through a private sale at a price of $16.70. On November 1, 2001 Waveland International, Ltd. transferred 171,201 Units to Waveland Partners, L.P. On November 1, 2001 Waveland International, Ltd. transferred 119,586 Units to Waveland Partners, Ltd. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit Number Description ------- ----------- 99.1 Joint Filing Agreement Page 9 of 13 Pages 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. Dated: December 12, 2001 WAVELAND PARTNERS, L.P. By: Waveland Capital Management, L.P. Its: General Partner By: Clincher Capital Corporation Its: General Partner By: /s/ David S. Richter -------------------------------- David S. Richter, President WAVELAND CAPITAL MANAGEMENT, L.P. By: Clincher Capital Corporation Its: General Partner By: /s/ David S. Richter ---------------------------------- David S. Richter, President CLINCHER CAPITAL CORPORATION By: /s/ David S. Richter ----------------------------------- David S. Richter, President WAVELAND CAPITAL MANAGEMENT, LLC By: /s/ David S. Richter ---------------------------------- David S. Richter, Manager WAVELAND PARTNERS, LTD. By: /s/ David S. Richter ----------------------------------- David S. Richter, Director WAVELAND INTERNATIONAL, LTD. By: /s/ David S. Richter ----------------------------------- David S. Richter, Director Page 10 of 10 Pages