UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
SEARS HOLDINGS CORPORATION
(Name of Issuer)
Common Shares, par value $0.01 per share
(Title of Class of Securities)
812350106
(CUSIP Number)
December 31, 2006
(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 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).
Continued on following pages
Page 1 of 11 Pages
Exhibit Index: Page 9
CUSIP No. 812350106 Page 2 of 11 Pages
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Atticus Capital LP
2 Check the Appropriate Box If a Member of a Group (See Instructions)
a. [ ]
b. [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Delaware
5 Sole Voting Power
Number of 7,024,026
Shares
Beneficially 6 Shared Voting Power
Owned By 0
Each
Reporting 7 Sole Dispositive Power
Person 7,024,026
With
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
7,024,026
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)
4.56%
12 Type of Reporting Person (See Instructions)
PN
CUSIP No. 812350106 Page 3 of 11 Pages
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Atticus Management LLC
2 Check the Appropriate Box If a Member of a Group (See Instructions)
a. [ ]
b. [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Delaware
5 Sole Voting Power
Number of 7,024,026
Shares
Beneficially 6 Shared Voting Power
Owned By 0
Each
Reporting 7 Sole Dispositive Power
Person 7,024,026
With
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
7,024,026
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)
4.56%
12 Type of Reporting Person (See Instructions)
OO
CUSIP No. 812350106 Page 4 of 11 Pages
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Timothy R. Barakett
2 Check the Appropriate Box If a Member of a Group (See Instructions)
a. [ ]
b. [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Canada
5 Sole Voting Power
Number of 7,024,026
Shares
Beneficially 6 Shared Voting Power
Owned By 0
Each
Reporting 7 Sole Dispositive Power
Person 7,024,026
With
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
7,024,026
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)
4.56%
12 Type of Reporting Person (See Instructions)
HC
CUSIP No. 812350106 Page 5 of 11 Pages
Item 1(a) Name of Issuer:
Sears Holdings Corporation (the "Issuer").
Item 1(b) Address of the Issuer's Principal Executive Offices:
3333 Beverly Road
Hoffman Estates, Illinois 60179
Item 2(a) Name of Person Filing:
This statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):
i) Atticus Capital LP ("Atticus Capital");
ii) Atticus Management LLC ("Atticus Management"); and
iii) Timothy R. Barakett ("Mr. Barakett").
Effective as of January 1, 2006, Atticus Management (f/k/a Atticus
Capital, L.L.C.) effected a restructuring in which it assigned to Atticus
Capital its rights and obligations under the investment management agreements
with its clients and following the restructuring it changed its name to "Atticus
Management LLC." Mr. Barakett is the Chairman, Chief Executive Officer and
Managing Member of Atticus Management, a Delaware limited liability company.
Atticus Management is the sole general partner of Atticus Capital, a Delaware
limited partnership. Atticus Capital, together with certain of its affiliated
entities (collectively, the "Atticus Entities"), acts as adviser for various
investment funds (the "Funds") and managed accounts (the "Accounts"). Based on
his relationship with the Atticus Entities, the Funds and the Accounts, Mr.
Barakett is deemed to be a beneficial owner of the Shares owned by the Funds and
Accounts for purposes of Section 13(d) of the Act.
Item 2(b) Address of Principal Business Office or, if None, Residence:
The address of the principal business office of the Reporting
Persons is 152 West 57th Street, 45th Floor, New York, NY 10019.
Item 2(c) Citizenship:
1) Atticus Capital is a Delaware limited partnership;
2) Atticus Management is a Delaware limited liability company; and
3) Mr. Barakett is a citizen of Canada.
Item 2(d) Title of Class of Securities:
Common Shares, par value $0.01 per share (the "Shares").
Item 2(e) CUSIP Number:
812350106
CUSIP No. 812350106 Page 6 of 11 Pages
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a) Amount Beneficially Owned:
As of the Date of Event, each of the Reporting Persons may be deemed
to be the beneficial owner of 7,024,026 Shares.
Item 4(b) Percent of Class:
As of November 25, 2006, the number of Shares outstanding was
153,901,559 according to the Issuer's Form 10-Q filed on December 5, 2006. Each
of the Reporting Persons may be deemed to be the beneficial owner of
approximately 4.56% of the total number of Shares outstanding.
Item 4(c) Number of shares as to which such person has:
Atticus Capital
---------------
(i) Sole power to vote or direct the vote 7,024,026
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 7,024,026
(iv) Shared power to dispose or to direct the disposition of 0
Atticus Management
------------------
(i) Sole power to vote or direct the vote 7,024,026
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 7,024,026
(iv) Shared power to dispose or to direct the disposition of 0
Mr. Barakett
------------
(i) Sole power to vote or direct the vote 7,024,026
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 7,024,026
(iv) Shared power to dispose or to direct the disposition of 0
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the
date hereof the Reporting Persons have ceased to be the beneficial owners of
more than five percent of the Shares, check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable.
CUSIP No. 812350106 Page 7 of 11 Pages
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or
Control Person:
This Item 7 is not applicable.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that, to
the best of such person's 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 such purpose or effect.
CUSIP No. 812350106 Page 8 of 11 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: February 14, 2007 ATTICUS CAPITAL LP
By: Atticus Management LLC,
its general partner
By: /s/ John F. Brown*
----------------------------
Name: Timothy R. Barakett
Title: Managing Member
Date: February 14, 2007 ATTICUS MANAGEMENT LLC
By: /s/ John F. Brown*
--------------------------------
Name: Timothy R. Barakett
Title: Managing Member
Date: February 14, 2007 TIMOTHY R. BARAKETT
/s/ John F. Brown*
--------------------------------------
*By John F. Brown, attorney-in-fact
SCHEDULE 13G/A
CUSIP No.812350106 Page 9 of 11 Pages
EXHIBIT INDEX
Page No.
A. Joint Filing Agreement, dated as of February 14, 2007, by
and among Atticus Capital LP, Atticus Management LLC and
Timothy R. Barakett............................................. 10
B. Power of Attorney, dated January 18, 2007....................... 11
SCHEDULE 13G/A
CUSIP No. 812350106 Page 10 of 11 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that Amendment No. 3 to the Schedule
13G with respect to the Common Shares, par value $0.01 per share, of Sears
Holdings Corporation, dated as of February 14, 2007, is, and any amendments
thereto (including amendments on Schedule 13D) signed by each of the undersigned
shall be, filed on behalf of each of us pursuant to and in accordance with the
provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.
Date: February 14, 2007 ATTICUS CAPITAL LP
By: Atticus Management LLC,
its general partner
By: /s/ John F. Brown*
----------------------------
Name: Timothy R. Barakett
Title: Managing Member
Date: February 14, 2007 ATTICUS MANAGEMENT LLC
By: /s/ John F. Brown*
--------------------------------
Name: Timothy R. Barakett
Title: Managing Member
Date: February 14, 2007 TIMOTHY R. BARAKETT
/s/ John F. Brown*
--------------------------------------
*By John F. Brown, attorney-in-fact
CUSIP No. 812350106 Page 11 of 11 Pages
EXHIBIT B
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that I, TIMOTHY R. BARAKETT, hereby
make, constitute and appoint each of JOHN F. BROWN, DENNIS BERTRON and CHARLES
FORTIN, acting individually, as my agent and attorney-in-fact for the purpose of
executing in my name, (a) in my personal capacity or (b) in my capacity as chief
executive officer of, managing member of or in other capacities with Atticus
Capital LP or its general partner, Atticus Management LLC (f/k/a Atticus
Capital, L.L.C.) (collectively, "Atticus"), and each of their affiliates,
including Atticus UK LLP and Atticus UK Services Ltd., and entities advised by
me or Atticus, all documents, certificates, instruments, statements, filings and
agreements ("documents") to be filed with or delivered to any foreign or
domestic governmental or regulatory body or required or requested by any other
person or entity pursuant to any legal or regulatory requirement relating to the
acquisition, ownership, management or disposition of securities, futures
contracts or other investments, and any other documents relating or ancillary
thereto, including without limitation all documents relating to filings with the
Commodities Futures Trading Commission and National Futures Association, the
United States Securities and Exchange Commission (the "SEC") pursuant to the
Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and
the rules and regulations promulgated thereunder, including all documents
relating to the beneficial ownership of securities required to be filed with the
SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information
statements on Form 13F required to be filed with the SEC pursuant to Section
13(f) of the Act. All past acts of the attorneys-in-fact in furtherance of the
foregoing are hereby ratified and confirmed.
THIS POWER OF ATTORNEY shall remain in full force and effect until either
revoked in writing by the undersigned or until such time as the person or
persons to whom power of attorney has been hereby granted cease(s) to be an
employee of, or otherwise associated with, Atticus or one of its affiliates.
Execution of this power of attorney revokes that certain Power of Attorney dated
as of March 21, 2006 with respect to substantially the same matters addressed
above.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as
of January 18, 2007.
/s/ Timothy R. Barakett
----------------------------------
Timothy R. Barakett