SC 13D/A 1 dsc13da.htm SCHEDULE 13D AMENDMENT NO. 7 Schedule 13D Amendment No. 7

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13D

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. 7)*

 

 

 

LANDRY’S RESTAURANTS, INC.

(Name of Issuer)

 

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

 

51508L 10 3

(CUSIP Number)

 

 

Tilman J. Fertitta

1510 West Loop South

Houston, Texas 77027

(713) 850-1010

 

(Name, Address and Telephone Number of Person authorized to Receive Notices and Communications)

 

 

with copies to:

Steve Wolosky

Olshan Grundman Frome Rosenzweig & Wolosky LLP

Park Avenue Tower

65 East 55th Street

New York, New York 10022

(212) 451-2300

January 27, 2008

(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 13-1(e), (f) or (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).

  1.  

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

            Tilman J. Fertitta - ###-##-####

    
  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  ¨

    
  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

 

            United States

    

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

  

  7.    SOLE VOTING POWER

 

                6,631,481 (1) (2)

 

  8.    SHARED VOTING POWER

 

                -0-

 

  9.    SOLE DISPOSITIVE POWER

 

                6,631,481 (1) (2)

 

10.    SHARED DISPOSITIVE POWER

 

                -0-

11.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            6,631,481 (1) (2)

    
12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

   ¨
13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            38.9% (See Item 5)

    
14.  

TYPE OF REPORTING PERSON*

 

            IN

    

 

(1)

Includes 900,000 shares subject to options that have not been exercised by Tilman J. Fertitta but which are exercisable within 60 days of the date hereof.

 

(2)

Includes 500,000 shares of restricted Common Stock which vest 10 years from the date of each grant and an additional 275,000 shares of restricted Common Stock which vest 7 years from the date of grant.

AMENDMENT NO. 7 TO SCHEDULE 13D

This Amendment No. 7 amends and supplements the statement on Schedule 13D, as most recently amended by Amendment No. 6 dated October 30, 2006, filed by Tilman J. Fertitta (“Fertitta”) with respect to the Common Stock, par value $.01 per share (“Common Stock”) of Landry’s Restaurants, Inc. (“Landry’s”). Such Schedule 13D is hereby amended to add or revise information only to the items indicated.

 

ITEM 4. PURPOSE OF THE TRANSACTION

Item 4 is hereby amended to add the following:

On January 27, 2008, Fertitta made an offer to acquire all of the outstanding shares of Common Stock for $23.50 per share as set forth in a letter submitted by Fertitta to Landry’s Board of Directors, a copy of which is attached hereto as Exhibit 1 and incorporated herein by reference.

 

ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER.

Paragraph (a) of Item 5 is hereby amended as follows:

 

  (a) AGGREGATE NUMBER AND PERCENTAGE OF SECURITIES BENEFICIALLY OWNED:

Fertitta is the direct beneficial owner of (i) 4,956,481 shares of Common Stock, (ii) options to acquire an additional 900,000 shares of Common Stock which are exercisable within 60 days from the date hereof and (iii) 775,000 shares of restricted Common Stock, 500,000 shares of which vest 10 years from the date of grant and 275,000 shares of which vest 7 years from the date of grant, representing in the aggregate approximately 39% of the shares of Common Stock outstanding (based on 16,146,530 shares of Common Stock outstanding as of November 5, 2007, as reported in Landry’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2007). Fertitta has not entered into any transactions in the shares of Common Stock during the past 60 days.

 

ITEM 7. EXHIBITS

Item 7 is hereby amended to add the following exhibit:

 

  1. Letter from Fertitta to Landry’s Board of Directors dated January 27, 2008.

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.

 

January 30, 2008

(Date)

/s/ Tilman J. Fertitta

(Signature)