-----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, KicNa0QIjQym7mFunJgtVY4+zdwbTIUuIVgiHyUM7UcSzlLSbaKITaI5EQbLMx23 DOzDQ2G5z9DORFuAbNpYsg== 0000910643-99-000132.txt : 19990906 0000910643-99-000132.hdr.sgml : 19990906 ACCESSION NUMBER: 0000910643-99-000132 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990903 GROUP MEMBERS: BRETT FIALKOFF, IRA GROUP MEMBERS: JORDAN WARNER GROUP MEMBERS: PERFORMANCE CAPITAL II, L.P. GROUP MEMBERS: PERFORMANCE CAPITAL LP GROUP MEMBERS: PERFORMANCE OFFSHORE, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRESTLINE CAPITAL CORP CENTRAL INDEX KEY: 0001070752 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 522151967 STATE OF INCORPORATION: MD FISCAL YEAR END: 0101 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-55047 FILM NUMBER: 99705858 BUSINESS ADDRESS: STREET 1: 6600 ROCKLEDGE DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3013809000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PERFORMANCE CAPITAL LP CENTRAL INDEX KEY: 0000918316 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 767 THIRD AVE 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125934538 MAIL ADDRESS: STREET 1: 767 THIRD AVE 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G 1 Page 1 of 12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _____) CRESTLINE CAPITAL CORPORATION - ----------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value per share - ----------------------------------------------------------------------------- (Title of Class of Securities) 226153 10 4 -------------------- (CUSIP Number) August 26, 1999 - ----------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) *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 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). SCHEDULE 13G CUSIP No. 226153 10 4 Page 2 of 12 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Performance Capital, L.P. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (See Instructions) (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 934,100 SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING 934,100 ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 934,100 _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.5% (based on 20,681,725 shares outstanding at 7/23/99) _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON (See Instructions) PN _____________________________________________________________________________ SCHEDULE 13G CUSIP No. 226153 10 4 Page 3 of 12 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Performance Capital II, L.P. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (See Instructions) (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 115,400 SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING 115,400 ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 115,400 _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.6% (based on 20,681,725 shares outstanding at 7/23/99) _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON (See Instructions) PN _____________________________________________________________________________ SCHEDULE 13G CUSIP No. 226153 10 4 Page 4 of 12 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Performance Offshore, Ltd. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (See Instructions) (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 73,100 SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING 73,100 ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 73,100 _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.4% (based on 20,681,725 shares outstanding at 7/23/99) _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON (See Instructions) CO _____________________________________________________________________________ SCHEDULE 13G CUSIP No. 226153 10 4 Page 5 of 12 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Brett Fialkoff, IRA _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 100 SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING 100 ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% (based on 20,681,725 shares outstanding at 7/23/99) _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON (Se Instructions) OO _____________________________________________________________________________ SCHEDULE 13G CUSIP No. 226153 10 4 Page 6 of 12 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Jordan Warner _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (See Instructions) (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 7,000 SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING 7,000 ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,000 _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% (based on 20,681,725 shares outstanding at 7/23/99) _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON (See Instructions) IN _____________________________________________________________________________ SCHEDULE 13G CUSIP No. 226153 10 4 Page 7 of 12 Item 1. Name of Issuer and Address (a) The name of the issuer is Crestline Capital Corporation, a Maryland corporation ("CCC"). (b) The principal executive offices of CCC are located at 6600 Rockledge Drive, Bethesda, Maryland 20817. Item 2. Identity, Address, Citizenship, Title of Class of Securities and CUSIP Number Items 2(a), (b), (c) This statement on Schedule 13G ("Statement") is filed by Performance Capital, L.P., a New York limited partnership ("PCI"), Performance Capital II, L.P., a New York limited partnership ("PCII"), Performance Offshore, Ltd, a Cayman Islands corporation ("POL"), Brett Fialkoff, IRA, an individual retirement account for the benefit of Brett Fialkoff ("BF") and Jordan Warner ("JW"; which together with PCI, PCII, POL and BF shall be referred to collectively as the "Group"; each member of the Group being hereinafter referred to individually as a "Member" and collectively as "Members"). Performance Capital, LLC, a New York limited liability company ("PCLLC"), is the sole general partner of PCI and Brian Warner is a member of and the sole manager of PCLLC. BF is the other member of PCLLC. Performance Management, LLC, a New York limited liability company ("PMLLC"), is the sole general partner of PCII and Brian Warner is a member of and the sole manager of PMLLC. BF is the other member of PMLLC. Performance Management Holding Corp., a Delaware corporation ("PMHC"), is the sole investment manager of POL and Brian Warner is the President, sole director and a shareholder of PMHC. BF is also a shareholder of PMHC. Jordan Warner is a retired individual who resides at 137 Golf View Drive, Jericho, New York 11753. The address of principal business office of PCI, PCII, PCLLC, PMLLC, PMHC, Brian Warner and BF is 767 Third Avenue, 16th Floor, New York, NY 10017. The address of principal business office of POL is Corporate Centre, West Bay Road, P.O. Box 31106 SMB, Grand Cayman, Cayman Islands, B.W.I. Item 2(d), (e) This Statement relates to the Common Stock, $.01 per value per share (the "CCC Common Stock") of CCC. The CUSIP number for the CCC Common Stock is 226153 10 4. Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a : Not Applicable SCHEDULE 13G CUSIP No. 226153 10 4 Page 8 of 12 Item 4. Ownership Item 4(a), (b) PCI owns 934,100 shares of CCC Common Stock, representing 4.5% of CCC's issued and outstanding shares (based on 20,681,725 shares outstanding at July 23, 1999). PCII owns 115,400 shares of CCC Common Stock, representing 0.6% of CCC's issued and outstanding shares (based on 20,681,725 shares outstanding at July 23, 1999). POL owns 73,100 shares of CCC Commons Stock, representing 0.4% of CCC's issued and outstanding shares (based on 20,681,725 shares outstanding at July 23, 1999). BF owns 100 shares of CCC Common Stock, representing 0.1% of CCC's issued and outstanding shares (based on 20,681,725 shares outstanding at July 23, 1999). JW owns 7,000 shares of CCC Common Stock, representing 0.1% of CCC's issued and outstanding shares (based on 20,681,725 shares outstanding at July 23, 1999). Item 4(c) Each Member is the sole beneficial owner of the securities identified in subsection (a) above. PCLLC, as the sole general partner of PCI, has sole voting and dispositive power over the CCC Common Stock owned by PCI. PMLLC, as the sole general partner of PCII, has sole voting and dispositive power over the shares of CCC Common Stock owned by PCII. PMHC, as the sole investment manager of POL, has sole voting and dispositive power over the CCC Common Stock owned by POL. BF has the sole voting and dispositive power over the CCC Common Stock owned by BF. Brian Warner has the sole voting and dispositive power over the CCC Common Stock owned by JW. Item 5. Ownership of Five Percent or Less of a Class Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group SCHEDULE 13G CUSIP No. 226153 10 4 Page 9 of 12 Not Applicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SCHEDULE 13G CUSIP No. 226153 10 4 Page 10 of 12 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: September 3, 1999 PERFORMANCE CAPITAL, L.P. By: Performance Capital, LLC, General Partner By: /s/ BRIAN WARNER ----------------------------------------- Brian Warner, Manager PERFORMANCE CAPITAL II, L.P. By: Performance Management, LLC General Partner By: /s/ BRIAN WARNER ----------------------------------------- Brian Warner, Manager PERFORMANCE OFFSHORE, LTD. By: Performance Management Holding Corp., Investment Manager By: /s/ BRIAN WARNER ----------------------------------------- Brian Warner, President BRETT FIALKOFF, IRA By: /s/ BRETT FIALKOFF ----------------------------------------- Brett Fialkoff JORDAN WARNER By: /s/ JORDAN WARNER ----------------------------------------- Jordan Warner SCHEDULE 13G CUSIP No. 226153 10 4 Page 11 of 12 JOINT FILING AGREEMENT JOINT FILING AGREEMENT made as of this 3rd day of September, 1999, by and among PERFORMANCE CAPITAL, L.P., PERFORMANCE CAPITAL II, L.P., PERFORMANCE OFFSHORE, LTD., BRETT FIALKOFF, IRA and JORDAN WARNER. W I T N E S S E T H : WHEREAS, PERFORMANCE CAPITAL, L.P., PERFORMANCE CAPITAL II, L.P., PERFORMANCE OFFSHORE, LTD., BRETT FIALKOFF, IRA and JORDAN WARNER collectively beneficially own more than five (5%) percent of the issued and outstanding common stock, $.01 par value, of CRESTLINE CAPITAL CORPORATION ("CCC Common Stock"), a Maryland corporation; and WHEREAS, the parties desire to file a Schedule 13G with the Securities and Exchange Commission ("SEC"). NOW, THEREFORE, the parties agree as follows: 1. PERFORMANCE CAPITAL, L.P., PERFORMANCE CAPITAL II, L.P., PERFORMANCE OFFSHORE, LTD., BRETT FIALKOFF, IRA and JORDAN WARNER hereby agree to jointly file a Schedule 13G with the SEC regarding the beneficial ownership of PI Common Stock and to file any and all amendments and supplements thereto. 2. This Agreement contains the entire agreement among the parties concerning the subject matter hereof and may not be amended, modified or changed except pursuant to a written instrument signed by all parties. SCHEDULE 13G CUSIP No. 226153 10 4 Page 12 of 12 IN WITNESS WHEREOF, the parties have signed this Agreement the day and year first above written. PERFORMANCE CAPITAL, L.P. By: Performance Capital, LLC, General Partner By: /s/ BRIAN WARNER ----------------------------------------- Brian Warner, Manager PERFORMANCE CAPITAL II, L.P. By: Performance Management, LLC General Partner By: /s/ BRIAN WARNER ----------------------------------------- Brian Warner, Manager PERFORMANCE OFFSHORE CORP. By: Performance Management Holding Corp., Investment Manager By: /s/ BRIAN WARNER ----------------------------------------- Brian Warner, President BRETT FIALKOFF, IRA By: /s/ BRETT FIALKOFF ----------------------------------------- Brett Fialkoff JORDAN WARNER By: /s/ JORDAN WARNER ----------------------------------------- Jordan Warner -----END PRIVACY-ENHANCED MESSAGE-----