SC 13D/A 1 doc1.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ AMENDMENT NO. 3 to SCHEDULE 13D Under the Securities Exchange Act of 1934 RESTORATION HARDWARE, INC. (Name of Issuer) COMMON STOCK, $.0001 PAR VALUE (Title of Class of Securities) 760981100 (CUSIP Number) CELIA FELSHER RESERVOIR CAPITAL MANAGEMENT, L.L.C. 650 MADISON AVENUE 26TH FLOOR NEW YORK, NEW YORK 10022 (212) 610-9000 (Name, address and telephone number of person authorized to receive notices and communications) November 6, 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(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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for purposes 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). 13D CUSIP No. 760981100 -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Management, L.L.C. -------------------------------------------------------------------------------- (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 2,513,910 --------------------------------------------------------------- NUMBER OF (8) SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------------------- EACH REPORTING (9) SOLE DISPOSITIVE POWER PERSON WITH 2,513,910 --------------------------------------------------------------- (10) SHARED DISPOSITIVE POWER 0 --------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,513,910 -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.0 -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** OO -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! 2 13D CUSIP No. 760981100 -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Group, L.L.C. -------------------------------------------------------------------------------- (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 2,513,910 --------------------------------------------------------------- NUMBER OF (8) SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------------------- EACH REPORTING (9) SOLE DISPOSITIVE POWER PERSON WITH 2,513,910 --------------------------------------------------------------- (10) SHARED DISPOSITIVE POWER 0 --------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,513,910 -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.0 -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** OO -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! 3 13D CUSIP No. 760981100 -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Partners, L.P. -------------------------------------------------------------------------------- (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 2,149,052 --------------------------------------------------------------- NUMBER OF (8) SHARED VOTING POWER SHARES BENEFICIALLY 0 --------------------------------------------------------------- OWNED BY (9) SOLE DISPOSITIVE POWER EACH REPORTING PERSON WITH 2,149,052 --------------------------------------------------------------- (10) SHARED DISPOSITIVE POWER 0 --------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,149,052 -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.0 -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! 4 13D CUSIP No. 760981100 -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Associates, L.P. -------------------------------------------------------------------------------- (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 3,538 --------------------------------------------------------------- NUMBER OF (8) SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------------------- EACH REPORTING (9) SOLE DISPOSITIVE POWER PERSON WITH 3,538 --------------------------------------------------------------- (10) SHARED DISPOSITIVE POWER 0 --------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,538 -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -- -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! 5 13D CUSIP No. 760981100 -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Master Fund, L.P. -------------------------------------------------------------------------------- (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 Cayman Islands -------------------------------------------------------------------------------- (7) SOLE VOTING POWER 361,320 --------------------------------------------------------------- NUMBER OF (8) SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------------------- EACH REPORTING (9) SOLE DISPOSITIVE POWER PERSON WITH 361,320 --------------------------------------------------------------- (10) SHARED DISPOSITIVE POWER 0 --------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 361,320 -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.0 -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! 6 INTRODUCTION This statement on Schedule 13D (the "Statement") hereby amends the Schedule 13D filed on April 2, 2001 (the "Original 13D") by Reservoir Capital Management, L.L.C., a Delaware limited liability company ("RCM"), Reservoir Capital Group, L.L.C., a Delaware limited liability company ("RCG"), Reservoir Capital Partners, L.P., a Delaware limited partnership ("RCP"), Reservoir Capital Associates, L.P., a Delaware limited partnership ("RCA") and Reservoir Capital Master Fund, L.P., a limited partnership organized under the laws of the Cayman Islands ("RCMF"), as amended by Amendment No. 1 to Schedule 13D filed on April 19, 2001, and Amendment No. 2 to Schedule 13D filed on September 10, 2001 with respect to the beneficial ownership of shares of common stock, par value $.0001 per share (the "Common Stock"), of Restoration Hardware, Inc., a Delaware corporation. In this Statement, each of RCM, RCG, RCP, RCA and RCMF may be referred to as a "Reporting Person," and collectively as the "Reporting Persons." RCP, RCA and RCMF, collectively, may be referred to as the "Reservoir Entities." Capitalized terms used and not defined herein have the meanings ascribed to such terms in the Original 13D. The Items of the Original 13D, as amended, set forth below are hereby amended and supplemented as follows: ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION On November 6, 2001, the Reservoir Entities purchased 256,410 shares of the Company's Common Stock for a purchase price of $999,999. The Preferred Stock was purchased pursuant to a Stock Purchase Agreement, dated as of November 6, 2001, by and among the Company, RCP, RCA, RCMF and the other investors named therein (the "November Stock Purchase Agreement"). The Reservoir Entities purchased the Common Stock with working capital. ITEM 4. PURPOSE OF TRANSACTION. The Reservoir Entities purchased the Common Stock for general investment purposes and retain the right to change their investment intent. Subject to market conditions and other factors, the Reservoir Entities may acquire or dispose of securities of the Company from time to time in future open-market, privately negotiated or other transactions. Pursuant to the November Stock Purchase Agreement, the Company sold a total of 4,487,178 shares of Common Stock to investors, including the Reservoir Entities, for a purchase price of $3.90 per share or a total consideration of approximately $17.5 million. Pursuant to the November Stock Purchase Agreement, the Company issued and sold Common Stock to the Reservoir Entities as follows: (i) RCP purchased 219,052 shares of Common Stock for a total purchase price of $854,302.80, (ii) RCA purchased 538 shares of Common Stock for a total purchase price of $2,098.20 and (iii) RCMF purchased 36,820 shares of Common Stock for a total purchase price of $143,598. 7 Pursuant to the November Stock Purchase Agreement, the Company agreed to use its reasonable best efforts, by November 21, 2001 (but in no event later than December 6, 2001), (i) to prepare and file with the Securities and Exchange Commission a registration statement for the resale of the Common Stock sold pursuant to the November Stock Purchase Agreement or (ii) to include the Common Stock sold pursuant to the November Stock Purchase Agreement in an existing registration statement on file with the Securities and Exchange Commission. The Company also agreed to use its reasonable best efforts to cause the applicable registration statement to become effective within sixty (60) days after the applicable registration statement is filed or amended with the SEC. Additionally, the Company agreed to keep the registration statement effective until the sooner to occur of (A) the date on which all the shares of Common Stock included in the registration statement have been sold, (B) the date on which purchasers of Common Stock may sell within a three-month period under Rule 144 of the Securities Act of 1933, as amended, in compliance with any applicable volume limitations under Rule 144 all of the shares of Common Stock registered under such registration statement or (C) November 6, 2003. The description of the November Stock Purchase Agreement and the transactions contemplated thereby are not intended to be complete, and are qualified throughout by reference to such documents. Except as set forth above, the Reporting Persons have no plan or proposal which relates to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. On November 6, 2001, the Company issued 256,410 shares of its Common Stock to the Reservoir Entities as follows: (i) RCP was issued 219,052 shares of Common Stock, (ii) RCA was issued 538 shares of Common Stock and (iii) RCMF was issued 36,820 shares of Common Stock. The revised beneficial ownership figures for the Reporting Persons are reflected on the cover pages of this filing. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Reference is made to Item 4 of this Schedule, which is incorporated by reference herein, for the description of the contracts, arrangements, understandings or relationships among the persons named in Item 2 of this Schedule and between such persons and any person with respect to any securities of the Company. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 1. Stock Purchase Agreement, dated as of November 6, 2001 (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K, filed with the Commission on November 7, 2001). 8 SIGNATURES After reasonable inquiry and to the best knowledge and belief of each of the Reporting Persons, each such person or entity certifies that the information set forth in this Schedule 13D is true, complete and correct and agrees that this statement is filed on behalf of each of them. Dated: November 15, 2001 RESERVOIR CAPITAL MANAGEMENT, L.L.C. By: /s/ DANIEL H. STERN ----------------------------------------- Name: Daniel H. Stern Title: President RESERVOIR CAPITAL GROUP, L.L.C. By: /s/ DANIEL H. STERN ----------------------------------------- Name: Daniel H. Stern Title: President RESERVOIR CAPITAL PARTNERS, L.P. By: Reservoir Capital Group, L.L.C., General Partner By: /s/ DANIEL H. STERN ----------------------------------------- Name: Daniel H. Stern Title: President RESERVOIR CAPITAL ASSOCIATES, L.L.C., By: Reservoir Capital Group, L.L.C., General Partner By: /s/ DANIEL H. STERN ----------------------------------------- Name: Daniel H. Stern Title: President RESERVOIR CAPITAL MASTER FUND, L.P. By: Reservoir Capital Group, L.L.C., General Partner By: /s/ DANIEL H. STERN ----------------------------------------- Name: Daniel H. Stern Title: President