-----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, PqUy9az7sjRpaB8InsDi1BREOWN/5OA3BJmRWbS7jZ5FwcBcLfp5YjL1Axs9vCdH e8b7XxeLbC/qq+wZN+dMWg== 0000899140-97-000519.txt : 19970709 0000899140-97-000519.hdr.sgml : 19970709 ACCESSION NUMBER: 0000899140-97-000519 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970708 SROS: NASD GROUP MEMBERS: GEORGE SOROS GROUP MEMBERS: SOROS FUND MANAGEMENT LLC GROUP MEMBERS: STANLEY F. DRUCKENMILLER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HOMELAND HOLDING CORP CENTRAL INDEX KEY: 0000835582 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 731311075 STATE OF INCORPORATION: DE FISCAL YEAR END: 0101 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49717 FILM NUMBER: 97637541 BUSINESS ADDRESS: STREET 1: 400 N E 36TH ST CITY: OKLAHOMA CITY STATE: OK ZIP: 73105 BUSINESS PHONE: 4055575500 MAIL ADDRESS: STREET 1: 400 N E 36TH CITY: OKLAHOMA CITY STATE: OK ZIP: 73125 FORMER COMPANY: FORMER CONFORMED NAME: SWO HOLDING CORP DATE OF NAME CHANGE: 19901017 FORMER COMPANY: FORMER CONFORMED NAME: SWO ACQUISTION CORP DATE OF NAME CHANGE: 19890716 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOROS FUND MANAGEMENT LLC CENTRAL INDEX KEY: 0001029160 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133914976 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10106 BUSINESS PHONE: 2128721054 MAIL ADDRESS: STREET 1: C/O AKIN, GUMP, STRAUSS,HAUER,FELD, STREET 2: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) HOMELAND HOLDING CORPORATION (Name of Issuer) Common Stock, $0.01 Par Value (Title of Class of Securities) 43739T104 (CUSIP Number) Christopher E. Manno, Esq. Willkie Farr & Gallagher 153 East 53rd Street New York, New York 10022 (212) 821-8000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 1, 1997 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. SCHEDULE 13D CUSIP No. 43739T104 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Soros Fund Management LLC 2 Check the Appropriate Box If a Member of a Group a. [ ] b. [X] 3 SEC Use Only 4 Source of Funds AF 5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization Delaware 7 Sole Voting Power Number of 564,542(1) Shares Beneficially 8 Shared Voting Power Owned By 0 Each Reporting 9 Sole Dispositive Power Person 564,542(1) With 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 564,542(1) 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ] 13 Percent of Class Represented By Amount in Row (11) 11.87%(1) 14 Type of Reporting Person OO, IA - ---------------- (1) See Item 5 herein. 2 SCHEDULE 13D CUSIP No. 43739T104 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person George Soros (in the capacity described herein) 2 Check the Appropriate Box If a Member of a Group a. [ ] b. [X] 3 SEC Use Only 4 Source of Funds AF 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 7 Sole Voting Power Number of 0 Shares Beneficially 8 Shared Voting Power Owned By 564,542(1) Each Reporting 9 Sole Dispositive Power Person 0 With 10 Shared Dispositive Power 564,542(1) 11 Aggregate Amount Beneficially Owned by Each Reporting Person 564,542(1) 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ] 13 Percent of Class Represented By Amount in Row (11) 11.87%(1) 14 Type of Reporting Person IA - --------------- (1) See Item 5 herein. 3 SCHEDULE 13D CUSIP No. 43739T104 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Stanley F. Druckenmiller (in the capacity described herein) 2 Check the Appropriate Box If a Member of a Group a. [ ] b. [X] 3 SEC Use Only 4 Source of Funds AF 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 7 Sole Voting Power Number of 0 Shares Beneficially 8 Shared Voting Power Owned By 564,542(1) Each Reporting 9 Sole Dispositive Power Person 0 With 10 Shared Dispositive Power 564,542(1) 11 Aggregate Amount Beneficially Owned by Each Reporting Person 564,542(1) 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ] 13 Percent of Class Represented By Amount in Row (11) 11.87%(1) 14 Type of Reporting Person IA - --------------- (1) See Item 5 herein. 4 Item 1. Security and Issuer This Amendment No. 1 to Schedule 13D (the "Amendment No. 1") relates to shares of Common Stock, $0.01 par value per share (the "Common Stock"), of Homeland Holding Corporation, a Delaware corporation (the "Issuer"). This Amendment No. 1 amends the initial statement on Schedule 13D (the "Statement") of the Reporting Persons dated June 23, 1997. The principal executive offices of the Issuer are located at 2601 Northwest Expressway, Oil Center-East, Suite 1100, Oklahoma City, Oklahoma 73112. This Amendment No. 1 is being filed by the Reporting Persons solely to report the recent acquisition, pursuant to the Restructuring, of shares of the Common Stock held for the accounts of Quantum Partners and Quasar Partners as a result of which the percentage of the total number of shares of Common Stock outstanding of which each of the Reporting Persons may be deemed to be the beneficial owners has increased by more than one percent. Capitalized terms used herein and not otherwise defined herein shall have the meanings given to them in the Statement. Item 3. Source and Amount of Funds or Other Consideration. The third and fifth paragraphs of Item 3, respectively, are hereby amended and restated as follows: Quantum Partners expended approximately $8,287,548 of its working capital to purchase $14,537,000 aggregate principal amount of Old Notes which under the Plan of Reorganization have to date resulted in Quantum Partners' receipt of 259,996 shares of Common Stock. Quasar Partners expended approximately $497,000 of its working capital to purchase $1,000,000 aggregate principal amount of Old Notes which under the Plan of Reorganization have to date resulted in Quasar Partners' receipt of 14,078 shares of Common Stock. Item 5. Interest in Securities of the Issuer. (a) Each of the Reporting Persons may be deemed the beneficial owner of 564,542 shares of Common Stock (approximately 11.87% of the total number of shares of Common Stock outstanding). This number consists of (i) 545,064 shares of Common Stock held for the account of Quantum Partners and (ii) 19,478 shares of Common Stock held for the account of Quasar Partners. Pursuant to the Plan of Reorganization, the Reporting Persons are entitled to receive a ratable share of a distribution of an as yet undetermined number of shares of Common Stock on certain specified future dates commencing on June 30, 1997 (as described in Item 4 of the Issuer's Amendment No. 1 to Form 10, filed with the Securities and Exchange Commission (the "Commission") on November 20, 1996). The shares of Common Stock shall be distributed from a certain disputed claims reserve established by the Issuer under the Plan of Reorganization in an amount contingent upon the number of claims (defined as "Disallowed Claims" therein) disapproved since the Effective Date. The Reporting Persons were granted registration rights for the shares of Common Stock obtained under to the Plan of Reorganization (the "Registrable Shares") pursuant to a certain Noteholder Registration Rights Agreement (the "Registration Rights Agreement"). Upon the second anniversary of the Effective Date, the Remaining Noteholders (as defined therein), including Quantum Partners and Quasar Partners, holding a minimum of 470,000 Registrable Shares (the "Registration Trigger Amount") may request registration, under the Securities Act of 1933, as amended, for all their Registrable Shares or a portion thereof that at such time constitutes in the aggregate not less than the Registration Trigger Amount and/or not less than $6,000,000 aggregate principal amount. The Registration Rights Agreement appears as Exhibit 4d to Issuer's Annual Report on Form 10-K for the fiscal year ended December 28, 1996, as filed with the Commission on March 28, 1997. 5 (b) (i) Pursuant to the terms of the contract between Quantum Fund and SFM LLC, and as a result of the positions held by Mr. Soros and Mr. Druckenmiller with SFM LLC, SFM LLC may be deemed to have sole power, and each of Mr. Soros and Mr. Druckenmiller may be deemed to have shared power, to direct the voting and disposition of the 545,064 shares of Common Stock held for the account of Quantum Partners. (ii) Pursuant to the terms of the contract between Quasar Partners and SFM LLC, and as a result of the positions held by Mr. Soros and Mr. Druckenmiller with SFM LLC, SFM LLC may be deemed to have sole power, and each of Mr. Soros and Mr. Druckenmiller may be deemed to have shared power, to direct the voting and disposition of the 19,478 shares of Common Stock held for the account of Quasar Partners. (c) Each of the acquisitions listed in Annex B represents a distribution under the Plan of Reorganization, pursuant to the terms thereof, as adopted on the Effective Date. Except for the acquisitions listed in Annex B hereto, there have been no transactions effected with respect to the shares of Common Stock since June 23, 1997 (the date of the last filing on Schedule 13D by the Reporting Persons) by any of the Reporting Persons, Quantum Partners or Quasar Partners. The Reporting Persons acquired voting power and investment power over the shares of Common Stock reported herein, and may be deemed to have beneficially owned said shares of Common Stock for purposes of Section 13(d) of the Act, as of the dates set forth opposite each acquisition in Annex B. (d) (i) The shareholders of Quantum Partners, including Quantum Fund, have the right to participate in the receipt of dividends from, or proceeds from the sale of, securities (including shares of Common Stock) held for the account of Quantum Partners in accordance with their ownership interests in Quantum Partners. (ii) The partners of Quasar Partners, including Quasar International Fund N.V., a Netherlands Antilles corporation, have the right to participate in the receipt of dividends from, or proceeds from the sale of, securities (including shares of Common Stock) held for the account of Quasar Partners in accordance with their partnership interests in Quasar Partners. (e) Not applicable. Item 7. Material to be Filed as Exhibits. A. Power of Attorney dated as of January 1, 1997 granted by Mr. George Soros in favor of Mr. Sean C. Warren and Mr. Michael C. Neus (filed as Exhibit A to the Initial Statement and incorporated herein by reference). B. Power of Attorney dated as of January 1, 1997 granted by Mr. Stanley F. Druckenmiller in favor of Mr. Sean C. Warren and Mr. Michael C. Neus (filed as Exhibit B to the Initial Statement and incorporated herein by reference). C. Joint Filing Agreement dated June 23, 1997 by and among Soros Fund Management LLC, Mr. George Soros and Mr. Stanley F. Druckenmiller (filed as Exhibit C to the Initial Statement and incorporated herein by reference). 6 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: July 8, 1997 SOROS FUND MANAGEMENT LLC By: /s/ Michael C. Neus Michael C. Neus Assistant General Counsel GEORGE SOROS By: /s/ Michael C. Neus Michael C. Neus Attorney-in-Fact STANLEY F. DRUCKENMILLER By: /s/ Michael C. Neus Michael C. Neus Attorney-in-Fact 7 ANNEX B Recent Acquisitions in the Common Stock of Homeland Holding Corporation
For the Account of Date of Acquisition Nature of Acquisition Number of Shares Price Per Share ------------------ ------------------- --------------------- ---------------- --------------- QUANTUM PARTNERS 6/23/97 Plan Shares 28,460 n/a LDC(1) 7/1/97 Plan Shares 54,196 n/a QUASAR 6/23/97 Plan Shares 5,843 n/a INTERNATIONAL PARTNERS C.V.(1)
- ------------------- (1) Acquisitions effected pursuant to the Restructuring and at the direction of SFM LLC. 8 -----END PRIVACY-ENHANCED MESSAGE-----