UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Burlington Coat Factory Warehouse Corporation
(Name of Issuer)
Common Stock, par value $1.00 per share
(Title of Class of Securities)
121579 10 6
(Cusip Number)
Monroe G. Milstein
c/o Burlington Coat Factory Warehouse Corporation
1830 Route 130
Burlington, New Jersey 07016
Tel: (609) 387-7800
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 2, 2003
(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. ¨
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.
Page 1 of 8
CUSIP NO. 121579 10 6
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Estate of Henrietta Milstein
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) ¨
(b) x
3. SEC Use Only o
4. Source of Funds (see Instructions): OO
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) o
6. Citizenship or Place of Organization: United States
|
Number of Shares Bene-ficially owned by each Reporting Person |
7.Sole Voting Power: |
None |
|
|
8.Shared Voting Power: |
6,738,984 |
||
|
9.Sole Dispositive Power: |
None |
||
|
10.Shared Dispositive Power: |
6,738,984 |
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 6,738,984 Shares.
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) x
13. Percent of Class Represented by Amount in row (11) 15.1%
14. Type of Reporting Person (See Instructions): OO
Page 2 of 8
CUSIP NO. 121579 10 6
1. Name of Reporting Person
SS or I.R.S. Identification No. of Above Person
Trust established under Article SIXTH of the last will and testament of Henrietta Milstein
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) ¨
(b) x
3. SEC Use Only o
4. Source of Funds (see Instructions): OO
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) o
6. Citizenship or Place of Organization: United States
|
Number of Shares Bene-ficially owned by each Reporting Person |
7.Sole Voting Power: |
None |
|
|
8.Shared Voting Power: |
6,738,984 |
||
|
9.Sole Dispositive Power: |
None |
||
|
10.Shared Dispositive Power: |
6,738,984 |
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 6,738,984
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) x
13. Percent of Class Represented by Amount in row (11) 15.1%
14. Type of Reporting Person (See Instructions): OO
Page 3 of 8
CUSIP NO. 121579 10 6
1. Name of Reporting Person
SS or I.R.S. Identification No. of Above Person
Monroe G. Milstein
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) ¨
(b) x
3. SEC Use Only o
4. Source of Funds (see Instructions): OO
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) o
6. Citizenship or Place of Organization: United States
|
Number of Shares Bene-ficially owned by each Reporting Person |
7.Sole Voting Power: |
33,087 |
|
|
8.Shared Voting Power: |
6,738,984 |
||
|
9.Sole Dispositive Power: |
33,087 |
||
|
10.Shared Dispositive Power: |
6,738,984 |
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 6,772,071 Shares.
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) x
13. Percent of Class Represented by Amount in row (11) 15.2%
14. Type of Reporting Person (See Instructions): IN
Page 4 of 8
Item 1. Security and Issuer
Common stock, par value $1.00 per share (the "Common Stock") of Burlington Coat Factory Warehouse Corporation, a Delaware corporation (the "Issuer"), whose executive offices are located at 1830 Route 130, Burlington, New Jersey 08016.
Item 2. Identity and Background
(a)-(c) The undersigned hereby file this Schedule 13D Statement on behalf of: (i) the estate (the "HM Estate") of Henrietta Milstein ("HM"); (ii) a trust (the "HM Trust") established under Article Sixth of the last will and testament of HM to receive the shares of Common Stock of the Issuer owned by HM; and (iii) Monroe G. Milstein ("MM"). The HM Estate, the HM Trust and MM are sometimes referred to herein as "Reporting Persons."
The HM Estate's and the HM Trust's business address is c/o Monroe Milstein at 1830 Route 130, Burlington, New Jersey 08016.
MM's business address is c/o the Issuer at 1830 Route 130, Burlington, New Jersey 08016. MM's principal occupation is as President, Chief Executive Officer and as a Director of the Issuer. MM is the executor of HM's Estate and is a trustee of the HM Trust.
(d) None of the persons referred to in Paragraph (a) above has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) None of the persons referred to in Paragraph (a) above has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of a competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws.
(f) MM is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
Effective as of January 2, 2003, MM received a limited partnership interest in Samgray, L.P., a Delaware limited partnership ("Samgray") in exchange for 11,784,000 shares of Common Stock. The amount of the limited partnership interest to be received by MM will be in proportion to the value of the shares of Common Stock contributed by him to Samgray. A copy of the Samgray, L.P. Partnership Agreement is included as Exhibit B hereto.
Item 4. Purpose of Transaction
The purpose of the transaction that is the subject of this amendment is for investment and business and estate planning. The Reporting Persons may acquire additional shares of the Issuer from time to time and may dispose of any or all of the shares held by them at any time.
Except as set forth above in this Item 4, the Reporting Persons do not have any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) and (j), inclusive, of Item 4 of Schedule 13D. Such Persons may, at any time, from time to time, review or reconsider their position with respect to the Issuer, and formulate plans or proposals with respect to any of such matters, but have no present intention of doing so.
Page 5 of 8
Item 5. Interest in Securities of the Issuer
(a) and (b) The number of shares of Common Stock of the Issuer beneficially owned by the Reporting Persons are as follows:
|
Name |
Aggregate Number |
Percentage of |
|
HM Estate |
6,738,984(2) |
15.1% |
|
HM Trust |
6,738,984(2) |
15.1% |
|
MM |
6,772,071(3)(4)(5) |
15.2% |
(1) Based on 44,490,821 shares of Common Stock outstanding as of December 30, 2002.
(2) The last will and testament of HM contains a specific bequest of these shares to the HM Trust. These shares will be transferred to the HM Trust in due course in connection with the administration of the HM Estate. Upon the completion of such transfer, the HM Estate shall cease to have any interest in these shares. Until such time, the HM Estate may be deemed to share beneficial ownership of these shares with the HM Trust.
(3) Includes 6,738,984 shares of Common Stock that were owned by HM and that were bequeathed to the HM Trust. MM, as executor of the HM Estate and as a trustee of the HM Trust, has voting and dispositive powers over these shares, but disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
(4) Does not include the following number of shares of Common Stock beneficially owned by the following persons who may be deemed to be members of a group with MM:
|
Name |
Number of Shares |
Percentage of Class |
|
Samgray, L.P. |
12,000,000 |
27.0% |
|
Latzim Family LLC |
12,000,000 |
27.0% |
|
Andrew R. Milstein |
14,899,663 |
33.5% |
|
Stephen L. Milstein |
14,617,588 |
32.9% |
|
Lazer Milstein |
13,943,901 |
31.3% |
(5) Excludes 1,400,000 shares of Common Stock held by MHLAS Limited Partnership Number One of which MM is a limited partner and 444,039 shares of Common Stock held by a grantor retained annuity trust of which MM is the grantor.
Page 6 of 8
(c) Except as set forth in response to Item 3, none of the persons listed in response to Item 2 above acquired any ordinary shares of the Issuer during the past 60 days.
(d) Except as described above, no person other than each respective record owner referred to herein of ordinary shares is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds of sale of such shares.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of
the Issuer
Except as described above, there are no contracts, arrangements, understandings or relationships (legal or otherwise), among the persons named in Item 2 hereof, or between such persons and the other person with respect to any securities of the Issuer, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees or profits, divisions of profits or loss, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits
[SIGNATURE PAGE FOLLOWS]
Page 7 of 8
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this Statement is true, complete and correct.
Dated: January 6, 2003
THE ESTATE OF HENRIETTA MILSTEIN
By:/s/ Monroe G. Milstein
Monroe G. Milstein, Executor
TRUST ESTABLISHED UNDER ARTICLE SIXTH OF THE LAST WILL AND TESTAMENT OF HENRIETTA MILSTEIN
By:/s/ Monroe G. Milstein
Monroe G. Milstein, Trustee
/s/ Monroe G. Milstein
MONROE G. MILSTEIN
Page 8 of 8