UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 3)
Under the Securities Exchange Act of 1934
AutoNation, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
05329W102
--------------------------------------------------------------------------------
(CUSIP Number)
Janice V. Sharry, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5562
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 4, 2002
----------------------------------------------------------------
(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 Sections 240.13d-1(e), (f) or (g), check the following box.
[X]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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).
SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 2 of 13
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Partners, L.P., a Delaware limited partnership
22-2875193
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
39,999,984
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
39,999,984
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,198,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.39%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Based on a total of 321,525,332 Shares outstanding on April 30, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002.
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 3 of 13
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Limited, a Bermuda corporation
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
7,922,202
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
7,922,202
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,198,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.39%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
(1) Based on a total of 321,525,332 Shares outstanding on April 30, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002.
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 4 of 13
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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
06-1456821
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
1,443,026
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
1,443,026
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,198,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.39%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Based on a total of 321,525,332 Shares outstanding on April 30, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002.
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 5 of 13
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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
13-4095958
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
9,174,244
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
9,174,244
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,198,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.39%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
LLC
--------------------------------------------------------------------------------
(1) Based on a total of 321,525,332 Shares outstanding on April 30, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002.
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 6 of 13
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Courtesy Partners, L.P., a Delaware limited partnership
06-1633842
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
7,839,455
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
7,839,455
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,198,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.39%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Based on a total of 321,525,332 Shares outstanding on April 30, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002.
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 7 of 13
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CBL Partners, L.P., a Delaware limited partnership
06-1526810
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
8,819,389
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
8,819,389
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,198,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.39%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Based on a total of 321,525,332 Shares outstanding on April 30, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002.
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 8 of 13
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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
ITEMS 2(d) OR 2(e) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,198,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.39%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(1) Based on a total of 321,525,332 Shares outstanding on April 30, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002.
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 9 of 13
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William C. Crowley
--------------------------------------------------------------------------------
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
ITEMS 2(d) OR 2(e) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,198,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.39%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(1) Based on a total of 321,525,332 Shares outstanding on April 30, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002.
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 10 of 13
--------------------------------------------------------------------------------
This Amendment No. 3 to Schedule 13D (this "Amendment") amends and
restates certain Items of the Schedule 13D, as amended, filed by ESL Partners,
L.P., a Delaware limited partnership ("ESL"), ESL Limited, a Bermuda corporation
("Limited"), ESL Institutional Partners, L.P., a Delaware limited partnership
("Institutional"), ESL Investors, LLC, a Delaware limited liability company
("Investors"), Courtesy Partners, L.P., a Delaware limited partnership
("Courtesy"), CBL Partners, L.P., a Delaware limited partnership ("CBL"), Edward
S. Lampert ("Mr. Lampert") and William C. Crowley ("Mr. Crowley), both U.S.
citizens, by furnishing the information set forth below. ESL, Limited,
Institutional, Investors, Courtesy, CBL, Mr. Lampert and Mr. Crowley are
collectively defined in this Amendment as the "Filing Persons." Unless set forth
below, all previous Items are unchanged. Capitalized terms used herein which are
not defined herein have the meanings given to them in the Schedule 13D
previously filed with the Securities and Exchange Commission.
ITEM 4. PURPOSE OF TRANSACTION.
The Filing Persons initially purchased Shares in January 2000. Two members of
the Filing Persons, Edward S. Lampert and William C. Crowley, serve as Directors
of the Issuer. Since the initial purchase when the Issuer's stock price was
$7.82 per share (on a split-adjusted basis), the stock price increased in value
to $18.45 per share as of May 20, 2002.
On May 21, the Filing Persons filed a Form 144 relating to the sale of up to
5,000,000 Shares in accordance with Rule 144 ("Rule 144") of the Securities Act
of 1933, as amended (the "1933 Act"). On May 21 2002, the Filing Persons sold
1,540,000 Shares in the aggregate in accordance with Rule 144. As a result of
market conditions, the Filing Persons sold these shares as a means of
diversifying a portion of their portfolio holdings. Depending on the factors
discussed below, the Filing Persons may sell some or all of the remaining Shares
filed under Rule 144 on May 21, 2002 (and additional Shares, under Rule 144 or
otherwise) or they may determine to retain them. Following the sale of Shares on
May 21, 2002, the Filing Persons continue to hold 75,198,300 Shares which is
approximately 23.39% of the shares outstanding as of April 30, 2002 as disclosed
in the Issuer's Quarterly Report on Form 10-Q for the period ended March 31,
2002, filed with the SEC on May 3, 2002. The value of these holdings was
approximately $1.25 billion based on the Issuer's per share closing price on
June 3, 2002.
The Filing Persons intend to review on a continuing basis their investment in
the Issuer. Depending upon the factors discussed below, the Filing Persons may
acquire additional Shares; may sell all or part of their Shares, pursuant to
Rule 144, in privately negotiated transactions, or in sales registered under the
1933 Act; may distribute Shares to various of its partners; or may engage in any
combination of the foregoing.
Further, the Filing Persons may enter into derivative transactions or
alternative structures with respect to the Shares. Any open market or privately
negotiated purchases, sales, distributions or other transactions may be made at
any time without additional prior notice.
Any alternative that the Filing Persons may pursue will depend upon a variety of
factors, including without limitation, current and anticipated future trading
prices of the Shares, the financial condition, results of operations and
prospects of the Issuer and general economic, financial market and industry
conditions, other investment and business opportunities available to the Filing
Persons, general stock market and economic conditions, tax considerations and
other factors.
Although the foregoing reflects activities presently contemplated by the Filing
Persons with respect to the Issuer, the foregoing is subject to change at any
time, and there can be no assurance that any of the Filing Persons will take any
of the actions set forth above. Except as set forth above, the Filing Persons
have no plans or proposals with respect to any of the matters set forth in
paragraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety as follows:
(a) Pursuant to that certain Joint Filing Agreement, entered into by
and among ESL, Limited, Institutional, Investors, Courtesy, CBL, Mr. Lampert and
Mr. Crowley dated as of January 30, 2002, each of ESL, Limited, Institutional,
Investors, Courtesy, CBL, Mr. Lampert and Mr. Crowley may be deemed to
beneficially own 75,198,300, Shares (which is approximately 23.39% of the Shares
outstanding on April 30, 2002, as disclosed in the Issuer's Quarterly Report on
Form 10-Q for the quarter ended March 31, 2002).
(b) Sole Shared Sole Shared
Voting Voting Dispositive Dispositive
Power Power Power Power
----- ----- ----- -----
ESL Partners, L.P. 39,999,984 0 39,999,984 0
ESL Limited 7,922,202 0 7,922,202 0
ESL Institutional Partners, L.P. 1,443,026 0 1,443,026 0
ESL Investors, L.L.C. 9,174,244 0 9,174,244 0
Courtesy Partners, L.P. 7,839,455 0 7,839,455 0
CBL Partners, L.P. 8,819,389 0 8,819,389 0
Edward S. Lampert 0 0 0 0
William C. Crowley 0 0 0 0
(c) All transactions in the shares in the past sixty days, not
previously reported by any of the Filing Persons, are set forth on Schedule A
attached hereto and incorporated herein by reference.
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 11 of 13
--------------------------------------------------------------------------------
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.
Date: June 4, 2002
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /s/Edward S. Lampert
-------------------------------------------
Edward S. Lampert
Chairman
ESL LIMITED
By: ESL Investment Management, LLC, its
investment manager
By: /s/Edward S. Lampert
-------------------------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC, its general
partner
By: /s/Edward S. Lampert
-------------------------------------------
Edward S. Lampert
Managing Member
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., its manager
By: ESL Investments, Inc., its general partner
By: /s/Edward S. Lampert
-------------------------------------------
Edward S. Lampert
Chairman
--------------------------------------------------------------------------------
CUSIP No. 05329W102 Page 12 of 13
--------------------------------------------------------------------------------
COURTESY PARTNERS, L.P.
By: ESL Investments, Inc., its general partner
By: /s/Edward S. Lampert
-------------------------------------------
Edward S. Lampert
Chairman
CBL PARTNERS, L.P.
By: ESL Investments, Inc., its general partner
By: /s/Edward S. Lampert
-------------------------------------------
Edward S. Lampert
Chairman
/s/Edward S. Lampert
---------------------------------
Edward S. Lampert
/s/William C. Crowley
---------------------------------
William C. Crowley
SCHEDULE A
TRANSACTIONS IN THE SHARES
IN THE PAST SIXTY DAYS
IN THE PAST SIXTY DAYS, THE ONLY TRANSACTIONS IN THE SHARES BY ESL NOT
PREVIOUSLY REPORTED WERE:
Shares Price
Date of Sale Sold Per Share
-------------- ---------- -----------
5/21/2002 819,491 $18.500
IN THE PAST SIXTY DAYS, THE ONLY TRANSACTIONS IN THE SHARES BY INVESTORS NOT
PREVIOUSLY REPORTED WERE:
Shares Price
Date of Sale Sold Per Share
-------------- ---------- -----------
5/21/2002 379,353 $18.500
IN THE PAST SIXTY DAYS, THE ONLY TRANSACTIONS IN THE SHARES BY CBL NOT
PREVIOUSLY REPORTED WERE:
Shares Price
Date of Sale Sold Per Share
-------------- ---------- -----------
5/21/2002 180,611 $18.500
IN THE PAST SIXTY DAYS, THE ONLY TRANSACTIONS IN THE SHARES BY COURTESY NOT
PREVIOUSLY REPORTED WERE:
Shares Price
Date of Sale Sold Per Share
-------------- ---------- -----------
5/21/2002 160,545 $18.500