UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
Sears Holdings Corporation
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
812350-10-6
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(CUSIP Number)
John G. Finley
Mario A. Ponce
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York 10017
(212) 455-2000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 18, 2006
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(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 that is the subject of this Schedule 13D, and
is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-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
ss.240.13d-7 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).
Page 1 of 20 Pages
Exhibit Index: Page 18
CUSIP No. 812350-10-6 Page 2 of 20
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investments, Inc., a Delaware corporation
IRS IDENTIFICATION NO.: 75-2435723
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) _
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
65,349,760
____________________________________________________________
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
OWNED BY EACH ____________________________________________________________
REPORTING PERSON
WITH
9 SOLE DISPOSITIVE POWER
65,349,760
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,349,760
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (X)
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.6%
________________________________________________________________________________
14
TYPE OF REPORTING PERSON
CO
________________________________________________________________________________
CUSIP No. 812350-10-6 Page 3 of 20
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward S. Lampert
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) _
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
65,365,759
____________________________________________________________
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
OWNED BY EACH ____________________________________________________________
REPORTING PERSON
WITH
9 SOLE DISPOSITIVE POWER
65,365,759
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,365,759
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.6%
________________________________________________________________________________
14
TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
CUSIP No. 812350-10-6 Page 4 of 20
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CRK Partners, LLC, a Delaware limited liability company
IRS IDENTIFICATION NO.: 75-2435723
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) _
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
747
____________________________________________________________
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
OWNED BY EACH ____________________________________________________________
REPORTING PERSON
WITH
9 SOLE DISPOSITIVE POWER
747
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
747
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (X)
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
________________________________________________________________________________
14
TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
CUSIP No. 812350-10-6 Page 5 of 20
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RBS Partners, L.P., a Delaware limited partnership
IRS IDENTIFICATION NO.: 75-2241960
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) _
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
65,010,774
____________________________________________________________
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
OWNED BY EACH ____________________________________________________________
REPORTING PERSON
WITH
9 SOLE DISPOSITIVE POWER
65,010,774
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,010,774
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (X)
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.4%
________________________________________________________________________________
14
TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
CUSIP No. 812350-10-6 Page 6 of 20
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Partners, L.P., a Delaware limited partnership
IRS IDENTIFICATION NO.: 22-2875193
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) _
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
48,063,611
____________________________________________________________
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
OWNED BY EACH ____________________________________________________________
REPORTING PERSON
WITH
9 SOLE DISPOSITIVE POWER
48,063,611
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,063,611
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (X)
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.9%
________________________________________________________________________________
14
TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
CUSIP No. 812350-10-6 Page 7 of 20
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RBS Investment Management, L.L.C., a Delaware limited liability company
IRS IDENTIFICATION NO.: 06-1512334
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) _
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
338,239
____________________________________________________________
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
OWNED BY EACH ____________________________________________________________
REPORTING PERSON
WITH
9 SOLE DISPOSITIVE POWER
338,239
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
338,239
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (X)
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
________________________________________________________________________________
14
TYPE OF REPORTING PERSON
CO
________________________________________________________________________________
CUSIP No. 812350-10-6 Page 8 of 20
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Institutional Partners, L.P., a Delaware limited partnership
IRS IDENTIFICATION NO.: 06-1456821
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) _
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
338,239
____________________________________________________________
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
OWNED BY EACH ____________________________________________________________
REPORTING PERSON
WITH
9 SOLE DISPOSITIVE POWER
338,239
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
338,239
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (X)
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
________________________________________________________________________________
14
TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
xx
CUSIP No. 812350-10-6 Page 9 of 20
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investors, L.L.C., a Delaware limited liability company
IRS IDENTIFICATION NO.: 13-4095958
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) _
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
16,947,163
____________________________________________________________
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
OWNED BY EACH ____________________________________________________________
REPORTING PERSON
WITH
9 SOLE DISPOSITIVE POWER
16,947,163
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,947,163
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (X)
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.5%
________________________________________________________________________________
14
TYPE OF REPORTING PERSON
CO
________________________________________________________________________________
CUSIP No. 812350-10-6 Page 10 of 20
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investment Management, L.L.C., a Delaware limited liability
company
IRS IDENTIFICATION NO.: 75-2435723
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) _
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
15,999
____________________________________________________________
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 0
OWNED BY EACH ____________________________________________________________
REPORTING PERSON
WITH
9 SOLE DISPOSITIVE POWER
15,999
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,999
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (X)
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
________________________________________________________________________________
14
TYPE OF REPORTING PERSON
CO
________________________________________________________________________________
Page 11 of 20
This Amendment No. 11 hereby amends the Schedule 13D originally filed
jointly on May 15, 2003, and amended by Amendment No. 1 to Schedule 13D filed on
July 2, 2003, Amendment No. 2 to Schedule 13D filed on August 26, 2003,
Amendment No. 3 to Schedule 13D filed on October 27, 2003, Amendment No. 4 to
Schedule 13D filed on November 4, 2003, Amendment No. 5 to Schedule 13D filed on
January 2, 2004, Amendment No. 6 to Schedule 13D filed on January 5, 2004,
Amendment No. 7 to Schedule 13D filed on July 6, 2004, Amendment No. 8 to
Schedule 13D filed on November 19, 2004, Amendment No. 9 to Schedule 13D filed
on February 1, 2005 and Amendment No. 10 to Schedule 13D filed on April 1, 2005
by ESL Investments, Inc., Edward S. Lampert, CRK Partners, LLC, CRK Partners II,
L.P., RBS Partners, L.P., ESL Partners, L.P., ESL Investors L.L.C., RBS
Investment Management L.L.C. and ESL Institutional Partners, L.P.
Item 1. Security and Issuer
Item 1 is hereby amended and restated in its entirety to read as follows:
This Statement on Schedule 13D (this "Schedule 13D") relates to the
common stock, par value $0.01 per share (the "Holdings Common Stock"), of Sears
Holdings Corporation ("Holdings"), successor to Kmart Holding Corporation. The
principal executive offices of Holdings are located at 3333 Beverly Road,
Hoffman Estates, Illinois, 60179.
Item 2. Identity and Background
Item 2 is hereby amended and restated in its entirety to read as follows:
(a) This Schedule 13D is being filed by a group consisting of ESL
Investments, Inc., a Delaware corporation ("ESL"), Edward S. Lampert, RBS
Investment Management, L.L.C., a Delaware limited liability company ("RBSIM"),
ESL Institutional Partners L.P., a Delaware limited partnership
("Institutional"), CRK Partners, LLC, a Delaware limited liability company ("CRK
LLC"), RBS Partners, L.P., a Delaware limited partnership ("RBS"), ESL Partners,
L.P., a Delaware limited partnership ("Partners"), ESL Investment Management,
L.L.C., a Delaware limited liability company ("Investment Management"), ESL
Investors L.L.C., a Delaware limited liability company ("Investors," and
collectively with ESL, Mr. Lampert, RBSIM, Institutional, CRK LLC, RBS, Partners
and Investment Management, the "Reporting Persons"). Attached as Schedule I
hereto and incorporated herein by reference is a list containing the (a) name,
(b) citizenship, (c) present principal occupation or employment and (d) the
name, principal business address of any corporation or other organization in
which such employment is conducted, of each director and executive officer of
ESL (the "ESL Directors and Officers"). Other than the ESL Directors and
Officers, there are no persons or corporations controlling or ultimately in
control of ESL.
(b) The principal place of business of each of the Reporting Persons is
200 Greenwich Avenue, Greenwich, CT 06830.
(c) The principal business of each of the Reporting Persons is
purchasing, holding and selling securities for investment purposes. RBS is the
managing member of Investors and the general partner of Partners. ESL is the
general partner of RBS, the sole member of CRK LLC and the manager of RBSIM.
RBSIM is the general partner of Institutional. Mr. Lampert is the chairman,
chief executive officer and director of ESL and the managing member of
Investment Management. Mr. Lampert is also Chairman of the Board and a director
of Holdings. Each of the Reporting Persons may also serve as general partner or
managing member of certain other entities engaged in the purchasing, holding and
selling of securities for investment purposes.
Page 12 of 20
(d)-(e) None of the Reporting Persons has during the last five years
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future state
securities laws or finding any violation with respect to such laws. To the
knowledge of the Reporting Persons, during the last five years, none of the ESL
Directors and Officers has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or been a party to a civil
proceeding of a judicial or administrative body of 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.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is hereby supplemented as follows:
Pursuant to Kmart Corporation's Plan of Reorganization, Partners and
Investors (or one of their affiliates) have in the past received shares of
Common Stock of Kmart Holding Corporation (the predecessor to Sears Holdings
Corporation) and Holdings Common Stock. Certain of the Reporting Persons may in
the future receive shares of Holdings Common Stock on account of these same
trade vendor/lease rejection claims as all trade vendor/lease rejection claims
held by all persons continue to be reconciled. On April 29, 2006, 533,849 shares
of Holdings Common Stock were distributed by Kmart Holding Coporation on account
of previously reported trade vendor/lease rejection claims (and participations
in such claims) held by Partners and Investors. Of these shares, 201,413 were
distributed to Partners and 63,059 were distributed to Investors. On January 18,
2006, 533,849 shares of Holdings Common Stock were distributed by Kmart Holding
Corporation on account of previously reported trade vendor/lease rejection
claims (and participations in such claims) held by Partners and Investors. Of
these shares, 406,573 were distributed to Partners and 127,276 were distributed
to Investors.
Item 4. Purpose of Transaction
Item 4 is hereby supplemented as follows:
On September 8, 2005, William C. Crowley, the President and Chief
Operating Officer of ESL, assumed the title of Chief Administrative Officer of
Holdings in addition to his titles as Executive Vice President, Chief Financial
Officer and a director of Holdings.
Page 13 of 20
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and restated in its entirety to read as follows:
(a)-(b) The following table sets forth the aggregate number of shares
of Holdings Common Stock and the percentage of outstanding shares of Holdings
Common Stock beneficially owned by the Reporting Persons as of January 20, 2006,
based on 160,977,961 outstanding shares of Holdings Common Stock (the number of
shares outstanding as of November 26, 2005 as stated in the most recent
quarterly report on Form 10-Q filed by Holdings), indicating the number of
shares of Holdings Common Stock for which each Reporting Person has sole or
shared power to direct the vote of the disposition of such shares. The Reporting
Persons as a group beneficially own an aggregate of 65,365,759 shares of
Holdings Common Stock.
NUMBER OF PERCENTAGED
SHARES OF SOLE SHARED SOLE SHARED
REPORTING BENEFICIALLY OUTSTANDING VOTING VOTING DISPOSITIVE DISPOSITIVE
PERSON OWNED SHARES POWER POWER POWER POWER
Edward S. 65,365,759 40.6% 65,365,759 0 65,365,759 0
Lampert (1)
ESL Investments, 65,349,760 40.6% 65,349,760 0 65,349,760 0
Inc. (2)
CRK Partners, 747 0% 747 0 747 0
L.L.C.
RBS Partners, 65,010,774 40.4% 65,010,744 0 65,010,744 0
L.P. (3)
ESL Partners, 48,063,611 29.9% 48,063,611 0 48,063,611 0
L.P.
ESL Investors 16,947,163 10.5% 16,947,163 0 16,947,163 0
L.L.C.
RBS Investment
Management, 338,239 0.2% 338,239 0 338,239 0
L.L.C. (4)
ESL
Institutional 338,239 0.2% 338,239 0 338,239 0
Partners L.P.
ESL Investment
Management, 15,999 0% 15,999 0 15,999 0
L.L.C.
(1) Includes 65,349,760 shares of Holdings Common Stock that may be deemed
beneficially owned by ESL and 15,999 shares of Holdings Common Stock
beneficially owned by Investment Management that in turn may be deemed
beneficially owned by Mr. Lampert. Mr. Lampert is the chief executive officer
and director of ESL and the managing member of Investment Management.
(2) Includes 747 shares of Holdings Common Stock beneficially owned by
CRK LLC, 65,010,774 shares of Holdings Common Stock that may be deemed
beneficially owned by RBS, and 338,239 shares of Holdings Common Stock that may
be deemed beneficially owned by RBSIM that, in each case, may in turn be deemed
beneficially owned by ESL. ESL is the sole member of CRK LLC, the manager of
RBSIM and the general partner of RBS.
(3) Includes 16,947,163 shares of Holdings Common Stock beneficially owned by
Investors and 48,063,611 shares of Holdings Common Stock beneficially owned by
Partners that, in each case, may be deemed beneficially owned by RBS. RBS is the
managing member of Investors and the general partner of Partners.
(4) Includes 338,239 shares of Holdings Common Stock beneficially owned by
Institutional that may be deemed beneficially owned by RBSIM. RBSIM is the
general partner of Institutional.
Page 14 of 20
(c) Except as set forth in Item 3 hereof, there have been no
transactions in Holdings Common Stock by any of the Reporting Persons during the
past 60 days. The disclosure pursuant to Item 3 of this Schedule 13D is
incorporated herein by reference.
(d) Not applicable.
(e) CRK Partners II, L.P. does not hold any shares of Holdings Common
Stock and has ceased to be a Reporting Person.
Item 7. Material to Be Filed as Exhibits
Exhibit M Joint Filing Agreement
Page 15 of 20
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: January 20, 2006
ESL INVESTMENTS, INC.
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
EDWARD S. LAMPERT
/s/ Edward S. Lampert
__________________________
Edward S. Lampert
ESL PARTNERS, L.P.
By: RBS Partners, L.P., as its general partner
By: ESL Investments, Inc., as its general partner
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
RBS PARTNERS, L.P.
By: ESL Investments, Inc., as its general partner
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
RBS INVESTMENT MANAGEMENT, L.L.C.
By: ESL Investments, Inc., as its manager
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
Page 16 of 20
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., as its managing member
By: ESL Investments, Inc., as its general partner
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, L.L.C., as its
general partner
By: ESL Investments, Inc., as its manager
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
CRK PARTNERS, L.L.C.
By: ESL Investments, Inc., its sole member
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
ESL INVESTMENT MANAGEMENT, L.L.C.
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
Page 17 of 20
SCHEDULE I
The names, business addresses, present principal occupations, and citizenship of
the directors and executive officers of ESL Investments, Inc. are set forth
below. If no address is given, the director's or executive officer's principal
business address is 200 Greenwich Avenue, Greenwich, CT 06830. Unless otherwise
indicated, each occupation set forth opposite an individual's name refers to ESL
Investments, Inc.
Name and Business Address Principal Occupation Citizenship
Robert Jackowitz Chief Financial Officer United States
Theodore W. Ullyot Executive Vice President and United States
General Counsel
William C. Crowley President and Chief United States
Operating Officer
Edward S. Lampert Director, Chairman and Chief United States
Executive Officer
Page 18 of 20
EXHIBIT INDEX
Exhibit M Joint Filing Agreement
Page 19 of 20
EXHIBIT M
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) of the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of
each of them of a Statement on Schedule 13D (including any and all amendments
thereto) with respect to the common stock of Sears Holdings Corporation and
further agree that this Joint Filing Agreement shall be included as an Exhibit
to such joint filing.
The undersigned further agrees that each party hereto is responsible
for timely filing of such statement on Schedule 13D and any amendments thereto,
and for the completeness and accuracy of the informatoin concerning such party
contained therein, provided that no party is responsible for the completeness
and accuracy of the information concerning the other party, unless such party
knows or has reason to believe that such information is inaccurate.
This Joint Filing Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original instrument, but
all of such counterparts together shall constitute but one agreement.
In evidence thereof, the undersigned, being duly authorized, hereby
execute this Agreement as of this 20th day of January, 2006.
ESL INVESTMENTS, INC.
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
EDWARD S. LAMPERT
/s/ Edward S. Lampert
___________________________
Edward S. Lampert
ESL PARTNERS, L.P.
By: RBS Partners, L.P., as its general partner
By: ESL Investments, Inc., as its general partner
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
RBS PARTNERS, L.P.
By: ESL Investments, Inc., as its general partner
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
RBS INVESTMENT MANAGEMENT, L.L.C.
By: ESL Investments, Inc., as its manager
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., as its managing member
By: ESL Investments, Inc., as its general partner
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, L.L.C., as its
general partner
By: ESL Investments, Inc., as its manager
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
CRK PARTNERS, LLC
By: ESL Investments, Inc., its sole member
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer
ESL INVESTMENT MANAGEMENT, L.L.C.
By: /s/ Robert Jackowitz
_______________________
Name: Robert Jackowitz
Title: Treasurer