<SEC-DOCUMENT>0000950144-01-507371.txt : 20011009
<SEC-HEADER>0000950144-01-507371.hdr.sgml : 20011009
ACCESSION NUMBER:		0000950144-01-507371
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010928
GROUP MEMBERS:		HOLCOMBET. GREEN, JR.
GROUP MEMBERS:		HTG CORP

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WPS INVESTORS LP
		CENTRAL INDEX KEY:			0000920576
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				582079238
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		3343 PEACHTREE NE
		STREET 2:		STE 1420
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30326
		BUSINESS PHONE:		4042611187

	MAIL ADDRESS:	
		STREET 1:		3343 PEACHTREE RD STE 1420
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30326

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WESTPOINT STEVENS INC
		CENTRAL INDEX KEY:			0000852952
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FABRICATED TEXTILE PRODUCTS [2390]
		IRS NUMBER:				363498354
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43221
		FILM NUMBER:		1748489

	BUSINESS ADDRESS:	
		STREET 1:		507 W TENTH ST
		CITY:			WEST POINT
		STATE:			GA
		ZIP:			31833
		BUSINESS PHONE:		7066454000

	MAIL ADDRESS:	
		STREET 1:		P O BOX 71
		CITY:			WEST POINT
		STATE:			GA
		ZIP:			31833

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY FASHIONS CORP
		DATE OF NAME CHANGE:	19931214
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>g71922sc13da.txt
<DESCRIPTION>WESTPOINT STEVENS, INC. / WPS INVESTORS, LP
<TEXT>
<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 12)*


                             WESTPOINT STEVENS INC.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, $.01 Par Value
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    919610 5
                                    919630 3
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                       Holcombe T. Green, Jr., HTG Corp.,
   3475 Piedmont Road, N.E., Suite 1600, Atlanta, Georgia 30305 (404) 261-1187
--------------------------------------------------------------------------------
       (Name, Address and Telephone Number of Person Authorized to Receive
                          Notices and Communications)

                               September 28, 2001
--------------------------------------------------------------------------------
             (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 Rule 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).
                         (Continued on following pages)
                               (Page 1 of 8 Pages)


<PAGE>   2

<TABLE>
<CAPTION>
CUSIP NO.      919610 5, 919630 3                                             PAGE     2      OF     8      PAGES
          ---------------------------                                              ----------    ----------

----------------------------------------------------------------------------------------------------------------------------
<S>        <C>
 1         NAME OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

              WPS Investors, L.P.

----------------------------------------------------------------------------------------------------------------------------
 2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)              (a) [X] (b)  [ ]

----------------------------------------------------------------------------------------------------------------------------
 3         SEC USE ONLY


----------------------------------------------------------------------------------------------------------------------------
 4         SOURCE OF FUNDS (SEE INSTRUCTIONS)

              NA

----------------------------------------------------------------------------------------------------------------------------
 5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)         [ ]

----------------------------------------------------------------------------------------------------------------------------
 6         CITIZENSHIP OR PLACE OF ORGANIZATION

              Georgia
----------------------------------------------------------------------------------------------------------------------------
     NUMBER OF         7        SOLE VOTING POWER
      SHARES
   BENEFICIALLY                    0
     OWNED BY
       EACH
     REPORTING
      PERSON
       WITH
                     -------------------------------------------------------------------------------------------------------
                      8         SHARED VOTING POWER

                                   3,096,662
                     -------------------------------------------------------------------------------------------------------
                      9         SOLE DISPOSITIVE POWER

                                   0
                     -------------------------------------------------------------------------------------------------------
                     10         SHARED DISPOSITIVE POWER

                                   3,096,662
----------------------------------------------------------------------------------------------------------------------------
11         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              3,096,662
----------------------------------------------------------------------------------------------------------------------------
12         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)[X]
----------------------------------------------------------------------------------------------------------------------------
13         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              6.25%
----------------------------------------------------------------------------------------------------------------------------
           TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
              PN
============================================================================================================================
</TABLE>


<PAGE>   3

<TABLE>
<CAPTION>

CUSIP NO.      919610 5, 919630 3                                             PAGE     3      OF     8        PAGES
          ---------------------------                                              ----------    ------------

----------------------------------------------------------------------------------------------------------------------------
<S>        <C>
 1         NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

              HTG Corp.

----------------------------------------------------------------------------------------------------------------------------
 2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)                 (a) [X] (b)  [ ]

----------------------------------------------------------------------------------------------------------------------------
 3         SEC USE ONLY


----------------------------------------------------------------------------------------------------------------------------
 4         SOURCE OF FUNDS (SEE INSTRUCTIONS)

              OO
----------------------------------------------------------------------------------------------------------------------------
 5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   [ ]

----------------------------------------------------------------------------------------------------------------------------
 6         CITIZENSHIP OR PLACE OF ORGANIZATION

              Georgia
----------------------------------------------------------------------------------------------------------------------------
     NUMBER OF         7        SOLE VOTING POWER
      SHARES
   BENEFICIALLY                    0
     OWNED BY
       EACH
     REPORTING
      PERSON
       WITH
                     -------------------------------------------------------------------------------------------------------
                      8         SHARED VOTING POWER

                                   4,202,867
                     -------------------------------------------------------------------------------------------------------
                      9         SOLE DISPOSITIVE POWER

                                   0
                     -------------------------------------------------------------------------------------------------------
                     10         SHARED DISPOSITIVE POWER

                                   4,202,867
----------------------------------------------------------------------------------------------------------------------------
11         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              4,202,867
----------------------------------------------------------------------------------------------------------------------------
12         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)|X|
----------------------------------------------------------------------------------------------------------------------------
13         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              8.48%
----------------------------------------------------------------------------------------------------------------------------
           TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
              CO
============================================================================================================================
</TABLE>


<PAGE>   4

<TABLE>
<CAPTION>
CUSIP NO.      919610 5, 919630 3                                             PAGE     4     OF       8      PAGES
          ---------------------------                                              ---------    ------------

----------------------------------------------------------------------------------------------------------------------------
<S>        <C>
 1         NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

              Holcombe T. Green, Jr.

----------------------------------------------------------------------------------------------------------------------------
 2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)            (a) [X] (b)  [ ]

----------------------------------------------------------------------------------------------------------------------------
 3         SEC USE ONLY


----------------------------------------------------------------------------------------------------------------------------
 4         SOURCE OF FUNDS (SEE INSTRUCTIONS)

              OO
----------------------------------------------------------------------------------------------------------------------------
 5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   [ ]

----------------------------------------------------------------------------------------------------------------------------
 6         CITIZENSHIP OR PLACE OF ORGANIZATION

              United States
----------------------------------------------------------------------------------------------------------------------------
     NUMBER OF         7        SOLE VOTING POWER
      SHARES
   BENEFICIALLY                    2,261,247
     OWNED BY
       EACH
     REPORTING
      PERSON
       WITH
                     -------------------------------------------------------------------------------------------------------
                      8         SHARED VOTING POWER

                                   4,202,867

                     -------------------------------------------------------------------------------------------------------

                      9         SOLE DISPOSITIVE POWER

                                   2,261,247
                     -------------------------------------------------------------------------------------------------------

                      10        SHARED DISPOSITIVE POWER

                                   4,435,367

----------------------------------------------------------------------------------------------------------------------------
11         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              6,696,614
----------------------------------------------------------------------------------------------------------------------------
12         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)[X]

----------------------------------------------------------------------------------------------------------------------------
13         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (SEE INSTRUCTIONS)

              13.51%
----------------------------------------------------------------------------------------------------------------------------
           TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
              IN
============================================================================================================================
</TABLE>


<PAGE>   5


                                AMENDMENT NO. 12
                                TO SCHEDULE 13-D

         This Amendment No. 12 amends the indicated items of the statement on
Schedule 13D, as amended, relating to the Common Stock, $.01 par value
("Shares"), of WestPoint Stevens Inc., a Delaware corporation, filed on behalf
of WPS Investors, L.P. ("WPS"), a Georgia limited partnership; HTG Corp., a
Georgia corporation which is the sole general partner of WPS; and Holcombe T.
Green, Jr., the President and sole director and shareholder of HTG Corp., as
indicated below.


Item 5.    Interest in Securities of the Issuer.

         Item 5(a) is hereby restated as follows:

         The Shares deemed to be beneficially owned by WPS exclude any Shares
owned by any of the limited partners of WPS, with respect to which Shares WPS
has neither voting nor dispositive power and as to which WPS disclaims
beneficial ownership. HTG Corp., as the general partner of WPS, and Mr. Holcombe
T. Green, Jr., as the sole director and shareholder and President of HTG Corp.,
may be deemed to be beneficial owners of all Shares beneficially owned by WPS,
which constitute an aggregate of 3,096,662 Shares, or approximately 6.25% of the
Shares outstanding on August 3, 2001. In addition, HTG Corp. may be deemed to be
the beneficial owner of the Shares held by the following entities, of which it
is a general partner: (i) 325,000 Shares held by Green & Company, L.P., a
limited partnership, and (ii) 781,205 shares held by Green Capital IV, L.P., a
limited partnership, as well as the 3,096,662 Shares held by WPS, constituting
an aggregate of 4,202,867 Shares, or approximately 8.48% of the Shares
outstanding on August 3, 2001. In addition, Mr. Green, as sole director and
shareholder and President of HTG Corp., may be deemed beneficial owner of all
Shares beneficially owned by HTG Corp., an aggregate of 4,202,867 Shares, as
well as 1,651,247 Shares he owns directly, 610,000 Shares subject to presently
exercisable options, and 232,500 Shares held by Hall Family Investments, L.P., a
limited partnership of which Mr. Green's wife is a general partner and with
respect to which he has dispositive power. As a result, Mr. Green may be deemed
to be the beneficial owner of all of the foregoing Shares, constituting an
aggregate of 6,696,614 Shares, or approximately 13.51% of the Shares outstanding
as of August 3, 2001.

         Item 5(b) is hereby restated as follows:

         WPS has shared power to vote or direct the vote of, and shared power to
dispose or direct the disposition of, 3,096,662 Shares owned directly by WPS.
Since HTG Corp. is the general partner of WPS, Green & Company, L.P. and Green
Capital IV, L.P., HTG Corp. is deemed to have shared voting and dispositive
power with respect to 3,096,662 Shares owned by WPS as well as 325,000 Shares
owned by Green & Company, L.P. and 781,205 Shares owned by Green Capital IV,
L.P., an aggregate of 4,202,867 Shares. As the President of HTG Corp., Mr. Green
is deemed to have shared voting and dispositive power with respect to all
4,202,867 Shares as to which HTG Corp. has beneficial ownership, as well as
shared dispositive power with respect to 232,500 Shares owned by Hall Family,
which constitute an aggregate of 4,435,367 Shares, and sole voting and
dispositive power with respect to 1,651,247 Shares he owns directly and 610,000
Shares subject to presently exercisable options, or an aggregate of 2,261,247
Shares.


                                  Page 5 of 8
<PAGE>   6

         Items 5(c) is hereby restated as follows:

         On September 28, 2001, 3,096,661 Shares, constituting a portion of the
6,193,323 Shares beneficially owned by WPS prior to September 28, 2001, were
acquired by The Bank of New York for consideration of $1.84 per Share,
which consideration was credited in partial satisfaction of WPS' obligations
under that certain Amended and Restated Loan Agreement, dated February 26, 1997,
as amended, originally filed as Exhibit (t) to Amendment No. 5 to the Schedule
13D filed by WPS on March 4, 1997.

         As of September 28, 2001, after closing of the transaction described
hereinabove, WPS beneficially owned 3,096,662 shares.

Item 7.    Material to be Filed as Exhibits.

Exhibit 1         Joint Acquisition Statement pursuant to Rule 13d-1(k).


                                  Page 6 of 8
<PAGE>   7


                                   SIGNATURES

         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:  September 28, 2001


                                      /s/  HOLCOMBE T. GREEN, JR.
                                      ------------------------------
                                      Holcombe T. Green, Jr.,
                                      signing in the capacities and on behalf
                                      of each of the persons listed in
                                      Exhibit I hereto.


                                  Page 7 of 8
<PAGE>   8


                                  EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit           Description
-------           -----------

<S>               <C>
1                 Joint Acquisition Statement.
</TABLE>


                                  Page 8 of 8
<PAGE>   9


                                                                       EXHIBIT 1

                           JOINT ACQUISITION STATEMENT
                            PURSUANT TO RULE 13D-1(K)

         The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.


Dated:  September 28, 2001


                                     /s/  HOLCOMBE T. GREEN, JR.
                                     ------------------------------
                                     Holcombe T. Green, Jr.,
                                     signing in the capacities and on behalf of
                                     each of the persons listed in
                                     Exhibit I hereto.


<PAGE>   10


                                   SCHEDULE I


WPS INVESTORS, L.P.
By:      HTG Corp.
         General Partner

         By:      Holcombe T. Green, Jr.
                  President


HTG CORP.
By:      Holcombe T. Green, Jr.
         President


HOLCOMBE T. GREEN, JR.
Individually


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>