-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Id4Ja7dP97oXFV2SRqJ/bPLV3LfRbuHt7GACCdqbGQgmZ4FhvDsq1QsoDTuaFKTb LWXyMNQS8nI1roj3jLS4TA== 0000950127-05-000766.txt : 20051026 0000950127-05-000766.hdr.sgml : 20051026 20051026205344 ACCESSION NUMBER: 0000950127-05-000766 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051021 FILED AS OF DATE: 20051026 DATE AS OF CHANGE: 20051026 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LINENS N THINGS INC CENTRAL INDEX KEY: 0001023052 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700] IRS NUMBER: 223463939 STATE OF INCORPORATION: DE FISCAL YEAR END: 0101 BUSINESS ADDRESS: STREET 1: 6 BRIGHTON RD CITY: CLIFTON STATE: NJ ZIP: 07015 BUSINESS PHONE: 9737781300 MAIL ADDRESS: STREET 1: 6 BRIGHTON RD CITY: CLIFTON STATE: NJ ZIP: 07015 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TF Holding P/F CENTRAL INDEX KEY: 0001342429 STATE OF INCORPORATION: H6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12381 FILM NUMBER: 051158257 BUSINESS ADDRESS: STREET 1: KONGABRUGVIN STREET 2: POST BOX 329 CITY: TORSHAVN STATE: H6 ZIP: FO 110 BUSINESS PHONE: 298 345600 MAIL ADDRESS: STREET 1: KONGABRUGVIN STREET 2: POST BOX 329 CITY: TORSHAVN STATE: H6 ZIP: FO 110 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lagerinn ehf CENTRAL INDEX KEY: 0001342422 STATE OF INCORPORATION: K6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12381 FILM NUMBER: 051158258 BUSINESS ADDRESS: STREET 1: SUNDABORG 7 CITY: 101 REYKJAVIK STATE: K6 ZIP: 104 BUSINESS PHONE: (354) 444 6526 MAIL ADDRESS: STREET 1: SUNDABORG 7 CITY: 101 REYKJAVIK STATE: K6 ZIP: 104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Jacobsen Jakup a Dul CENTRAL INDEX KEY: 0001339251 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12381 FILM NUMBER: 051158259 BUSINESS ADDRESS: BUSINESS PHONE: 354-894-5910 MAIL ADDRESS: STREET 1: SUNDABORG 7 CITY: REYKJAVIK STATE: K6 ZIP: 104 4 1 a5-352_ex.xml X0202 4 2005-10-21 0 0001023052 LINENS N THINGS INC LIN 0001339251 Jacobsen Jakup a Dul SMARATORGI 1 201 KOPAVOGI K6 104 ICELAND 0 0 1 0 0001342422 Lagerinn ehf SMARATORGI 1 201 KOPAVOGI K6 104 ICELAND 0 0 1 0 0001342429 TF Holding P/F KONGABRUGVIN POST BOX 329 TORSHAVN H6 FO 110 FAROE ISLANDS 0 0 1 0 Equity Swap (obligation to purchase) 24.2500 2005-10-21 4 P 0 1 24.2500 A 2005-10-26 2006-04-05 Common Stock 15000 4838700 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.4442 2005-10-24 4 P 0 1 24.4442 A 2005-10-26 2006-04-05 Common Stock 25000 4863700 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.5028 2005-10-24 4 P 0 1 24.5028 A 2005-10-26 2006-04-05 Common Stock 25000 4888700 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.6906 2005-10-24 4 P 0 1 24.6906 A 2005-10-26 2006-04-05 Common Stock 15800 4904500 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.6500 2005-10-24 4 P 0 1 24.6500 A 2005-10-26 2006-04-05 Common Stock 25000 4929500 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.4587 2005-10-24 4 P 0 1 24.4587 A 2005-10-26 2006-04-05 Common Stock 9200 4938700 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.8300 2005-10-24 4 P 0 1 24.8300 A 2005-10-26 2006-04-05 Common Stock 10000 4948700 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.7434 2005-10-24 4 P 0 1 24.7434 A 2005-10-26 2006-04-05 Common Stock 8700 4957400 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.7943 2005-10-24 4 P 0 1 24.7943 A 2005-10-26 2006-04-05 Common Stock 5900 4963300 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.8189 2005-10-24 4 P 0 1 24.8189 A 2005-10-26 2006-04-05 Common Stock 10400 4973700 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.9094 2005-10-24 4 P 0 1 24.9094 A 2005-10-26 2006-04-05 Common Stock 14400 4988100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 25.0000 2005-10-24 4 P 0 1 25.0000 A 2005-10-26 2006-04-05 Common Stock 25000 5013100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 25.0000 2005-10-24 4 P 0 1 25.0000 A 2005-10-26 2006-04-05 Common Stock 25000 5038100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 25.0000 2005-10-24 4 P 0 1 25.0000 A 2005-10-26 2006-04-05 Common Stock 25000 5063100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 25.0690 2005-10-24 4 P 0 1 25.0690 A 2005-10-26 2006-04-05 Common Stock 50000 5113100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.7500 2005-10-25 4 P 0 1 24.7500 A 2005-10-26 2006-04-05 Common Stock 25000 5138100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.7000 2005-10-25 4 P 0 1 24.70 A 2005-10-26 2006-04-05 Common Stock 25000 5163100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.6680 2005-10-25 4 P 0 1 24.6680 A 2005-10-26 2006-04-05 Common Stock 10000 5173100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.6906 2005-10-25 4 P 0 1 24.6906 A 2005-10-26 2006-04-05 Common Stock 10000 5183100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.6994 2005-10-25 4 P 0 1 24.6994 A 2005-10-26 2006-04-05 Common Stock 10000 5193100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.7015 2005-10-25 4 P 0 1 24.7015 A 2005-10-26 2006-04-05 Common Stock 10000 5203100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.6928 2005-10-25 4 P 0 1 24.6928 A 2005-10-26 2006-04-05 Common Stock 10000 5213100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.6748 2005-10-25 4 P 0 1 24.6748 A 2005-10-26 2006-04-05 Common Stock 10000 5223100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.7028 2005-10-25 4 P 0 1 24.7028 A 2005-10-26 2006-04-05 Common Stock 10000 5233100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.7014 2005-10-25 4 P 0 1 24.7014 A 2005-10-26 2006-04-05 Common Stock 10000 5243100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.8192 2005-10-25 4 P 0 1 24.8192 A 2005-10-26 2006-04-05 Common Stock 50000 5293100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.9290 2005-10-25 4 P 0 1 24.9290 A 2005-10-26 2006-04-05 Common Stock 50000 5343100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 24.9781 2005-10-25 4 P 0 1 24.9781 A 2005-10-26 2006-04-05 Common Stock 25000 5368100 I See footnotes 1 and 2 Equity Swap (obligation to purchase) 25.0000 2005-10-25 4 P 0 1 25.0000 A 2005-10-26 2006-04-05 Common Stock 25000 5393100 I See footnotes 1 and 2 The text of the footnotes to this Form 4 can be found in Exhibit 99.2 to this Form 4. The text of the footnotes to this Form 4 can be found in Exhibit 99.2 to this Form 4. The text of the footnotes to this Form 4 can be found in Exhibit 99.2 to this Form 4. The text of the footnotes to this Form 4 can be found in Exhibit 99.2 to this Form 4. The text of the footnotes to this Form 4 can be found in Exhibit 99.2 to this Form 4. The text of the footnotes to this Form 4 can be found in Exhibit 99.2 to this Form 4. The text of the footnotes to this Form 4 can be found in Exhibit 99.2 to this Form 4. /s/ Jakup a Dul Jacobsen 2005-10-26 EX-99.1 2 exh_99-1.txt JOINT FILER INFORMATION Exhibit 99.1 Form 4 Joint Filer Information Name: Lagerinn ehf Address: Smaratorgi 1 201 Kopavogi Republic of Iceland 104 Designated Filer: Jakup a Dul Jacobsen Issuer & Ticker Symbol: Linens `n Things, Inc. (LIN) Date of Event Requiring Statement: 10/21/05 Signature: By: /s/ Jakup a Dul Jacobsen ------------------------------- Name: TF Holding P/F Address: Kongabrungvin Post Box 329 FO 110 Torshavn Designated Filer: Jakup a Dul Jacobsen Issuer & Ticker Symbol: Linens `n Things, Inc. (LIN) Date of Event Requiring Statement: 10/21/05 Signature: By: /s/ Gunnar i Lida ------------------------------- EX-99.2 3 exh_99-2.txt FOOTNOTES Exhibit 99.2 Form 4 Footnotes (1) The shares (the "Shares") underlying the derivative securities listed on Table II (the "Derivative Securities") were purchased by Kaupthing Bank hf. ("Kaupthing") in accordance with certain Agreements, by and between Kaupthing and Lagerinn ehf ("Lagerinn"), (the "Equity Swap Agreements"). Kaupthing has purchased and holds the Shares pursuant to the Equity Swap Agreements. Lagerinn has the right at any time to close out the Equity Swap Agreements and purchase the Shares. Kaupthing shall hold the Shares until the earlier of (i) April 5, 2006 and (ii) such earlier date as Lagerinn closes the swap agreement and purchases the Shares (the "Closing Date"). On the Closing Date, Lagerinn is obligated to purchase the Shares from Kaupthing pursuant to the Equity Swap Agreements. Lagerinn has the exclusive right to direct Kaupthing to vote and dispose of the Shares. Pursuant to the Equity Swap Agreements, Lagerinn bears the economic risk and benefit of the Shares. If Lagerinn does not purchase the Shares by April 5, 2006, Kaupthing has the right to dispose of the Shares as it sees fit and shall pay to Lagerinn, with respect to the Shares purchased pursuant to each Equity Swap Agreement, the increase in value of such Shares from the date of such Equity Swap Agreement (subject to certain offsets for fees and brokerage commissions). In the event that Lagerinn does not purchase the Shares by April 5, 2006 and the Shares decrease in value, Lagerinn shall pay to Kaupthing, with respect to the Shares purchased pursuant to each Equity Swap Agreement, the amount of the decrease in value of such Shares from the date of such Equity Swap Agreement (together with certain fees and brokerage commissions). Jacobsen may be deemed to beneficially own the Derivative Securities because of his direct ownership of all the shares of Lagerinn. (2) Lagerinn has agreed in principle with TF Holding P/F ("TF Holding") that Lagerinn will sell and TF Holding will purchase twenty-five percent (25%) of the Shares beneficially owned by Lagerinn as of the close of business on October 25, 2005. As of the close of business on October 25, 2005, Lagerinn beneficially owned 5,393,100 Shares, therefore Lagerinn is obligated to sell 1,348,275 Shares to TF Holding (the "TF Holding Shares"). The sale price has not been finally determined but will be Lagerinn's average purchase price for the TF Holding Shares plus a pro rata share of Lagerinn's costs incurred for its purchases of the TF Holding Shares through October 25, 2005 (including advisor fees) (the "Sale Price"). TF Holding is not obligated to purchase more than two hundred fifty (250) million Danish Kroner ("DKK") worth of the TF Holding Shares from Lagerinn. If the aggregate Sale Price would be greater than DKK two hundred fifty (250) million, then the number of shares that TF Holding is obligated to purchase shall be reduced by the number of shares required to make the aggregate Sale Price equal to DKK two hundred fifty (250) million. As part of the agreement in principle, Lagerinn will also have the right to repurchase the TF Holding Shares sold to TF Holding at a per share price equal to the prevailing market price of such shares on the New York Stock Exchange at the time Lagerinn exercises such right. The repurchase right will exist only if the share price increases more than three hundred percent (300%) by October 1, 2009 as compared to the closing price on the New York Stock Exchange on October 25, 2005. Additionally, if TF Holding decides to dispose of the TF Holding Shares purchased from Lagerinn, Lagerinn will have the right of first refusal to purchase such shares at the prevailing market price of such shares on the New York Stock Exchange. The agreement in principle has not yet been reduced to writing. TF Holding hereby disclaims beneficial ownership of the remaining seventy-five percent of the Shares beneficially owned by Lagerinn as of the close of business on October 25, 2005. (3) This figure represents the average exercise price for each Share underlying the Derivative Security. (4) This date represents the date on which the Shares underlying the Derivative Security were purchased. The Equity Swap Agreements were entered into on April 9, 2005, May 9, 2005 and July 7, 2005, respectively. (5) The number of Shares underlying this Derivative Security is listed in column 7 of Table II. (6) This figure represents the average exercise price for each Share underlying the Derivative Security. Pursuant to the Equity Swap Agreements, Lagerinn shall pay to Kaupthing (i) a fee equal to $0.04 for each Share underlying the Derivative Securities; (ii) a fee equal to 0.20% of the purchase price of the Shares underlying the Derivative Securities; and (iii) interest on the purchase price of the Shares underlying the Derivative Securities at 5.0863%. (7) This figure represents the aggregate number of Shares that Lagerinn has the right and obligation to purchase after each transaction pursuant to the Equity Swap Agreements. -----END PRIVACY-ENHANCED MESSAGE-----