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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Footstar, Inc.
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
344912-10-0
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(CUSIP Number)
December 31, 2005
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(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).
CUSIP No. 344912-10-0 13G Page 2 of 10 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON:
ESL Partners, L.P., a Delaware limited partnership
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
22-2875193
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER:
0
SHARES
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER:
0
OWNED BY
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER:
0
REPORTING
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER:
0
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
________________________________________________________________________________
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%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (See Instructions):
PN
________________________________________________________________________________
CUSIP No. 344912-10-0 13G Page 3 of 10 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON:
ESL Institutional Partners, L.P., a Delaware limited partnership
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
06-1456821
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER:
0
SHARES
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER:
0
OWNED BY
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER:
0
REPORTING
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER:
0
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
________________________________________________________________________________
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%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (See Instructions):
PN
________________________________________________________________________________
CUSIP No. 344912-10-0 13G Page 4 of 10 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON:
ESL Investors, L.L.C., a Delaware limited liability company
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
13-4095958
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER:
0
SHARES
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER:
0
OWNED BY
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER:
0
REPORTING
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER:
0
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
________________________________________________________________________________
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%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (See Instructions):
OO
________________________________________________________________________________
CUSIP No. 344912-10-0 13G Page 5 of 10 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON:
ESL Investment Management LLC, a Delaware limited liability company
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER:
0
SHARES
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER:
0
OWNED BY
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER:
0
REPORTING
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER:
0
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
________________________________________________________________________________
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%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (See Instructions):
OO
________________________________________________________________________________
Page 6 of 10 Pages
Item 1(a). Name of Issuer:
Footstar, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
933 Macarthur Blvd., Mahwah, NJ 07430
Item 2(a). Name of Person Filing:
ESL Partners, L.P.
ESL Institutional Partners, L.P.
ESL Investors, L.L.C.
ESL Investment Management, LLC (collectively, the "Reporting
Persons")
Item 2(b). Address of Principal Business Office or, if None, Residence:
200 Greenwich Avenue, Greenwich, CT 06830
Item 2(c). Citizenship:
ESL Partners, L.P. - Delaware
ESL Institutional Partners, L.P. - Delaware
ESL Investors, L.L.C. - Delaware
ESL Investment Management, LLC - Delaware
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share (the "Shares")
Item 2(e). CUSIP Number:
344912-10-0
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:
(a) |_| Broker or dealer registered under Section 15 of the Exchange
Act.
(b) |_| Bank as defined in section 3(a)(6) of the Exchange Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) |_| Investment company registered under Section 8 of
the Investment Company Act.
(e) |_| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
Page 7 of 10 Pages
(h) |_| A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
As of December 31, 2005, none of the Reporting Persons beneficially
owned any Shares.
(b) Percent of class:
The number of Shares of which each of the Reporting Persons may be
deemed to be the beneficial owner constitutes 0% of the total number of Shares
outstanding.
(c) Number of Shares as to which each of the Reporting Persons has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 0
(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 each of the Reporting Persons has ceased to be the owner of more
than five percent of the class of securities, check the following [x].
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.
Not applicable.
Item 10. Certification.
Not applicable.
Page 8 of 10 Pages
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: February 14, 2006
ESL PARTNERS, L.P.
By: RBS Partners, L.P., as its general
partner
By: ESL Investments, Inc., as its general
partner
By: /s/Theodore W. Ullyot
------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
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/Theodore W. Ullyot
------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., as its managing
member
By: ESL Investments, Inc., as its general
partner
By: /s/Theodore W. Ullyot
------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTMENT MANAGEMENT, LLC
By: /s/Theodore W. Ullyot
------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
Page 9 of 10 Pages
EXHIBITS
Exhibit 1 Joint Filing Agreement
Page 10 of 10 Pages
EXHIBIT 1
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 13G (including any and all amendments
thereto) with respect to the common stock of Footstar, Inc. and further agree
that this Joint Filing Agreement shall be included as an Exhibit to such joint
filing. In evidence thereof, the undersigned, being duly authorized, hereby
execute this Agreement as of February 14, 2006.
ESL PARTNERS, L.P.
By: RBS Partners, L.P., as its general
partner
By: ESL Investments, Inc., as its general
partner
By: /s/Theodore W. Ullyot
---------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
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/Theodore W. Ullyot
---------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., as its managing
member
By: ESL Investments, Inc., as its general
partner
By: /s/Theodore W. Ullyot
---------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTMENT MANAGEMENT, LLC
By: /s/Theodore W. Ullyot
---------------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel