-----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, RJW1WItCSgOb56YHnkLV8Kgst4h+8hNll2gL7rjcFTa7EyTOkCYHFA0HFyKuH/57 BPCI0mKJFaoC+ukuQ+z4bQ== 0000899140-99-000161.txt : 19990215 0000899140-99-000161.hdr.sgml : 19990215 ACCESSION NUMBER: 0000899140-99-000161 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990212 GROUP MEMBERS: GEORGE SOROS GROUP MEMBERS: LIEF D. ROSENBLATT GROUP MEMBERS: SATELLITE FUND MANAGEMENT LLC 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: 1228 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-49717 FILM NUMBER: 99537307 BUSINESS ADDRESS: STREET 1: 2601 N W EXPRESSWAY STREET 2: SUITE 1100E CITY: OKLAHOMA CITY STATE: OK ZIP: 73112 BUSINESS PHONE: 4058796600 MAIL ADDRESS: STREET 1: 2601 N W EXPRESSWAY STREET 2: SUITE 1100E CITY: OKLAHOMA CITY STATE: OK ZIP: 73112 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 13G/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 13G/A 1 AMENDMENT NO. 1 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G 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) December 31, 1998 ----------------- (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). Page 1 of 15 Pages - ------------------- ------------------- CUSIP No. 43739T104 13G Page 2 of 15 Pages - ------------------- ------------------- - ---------- --------------------------------------------------------------------- 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 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 666,770 (1) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.77% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO, IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - ---------- (1) See Item 4(a) Page 2 of 15 Pages - ------------------- ------------------- CUSIP No. 43739T104 13G Page 3 of 15 Pages - ------------------- ------------------- - ---------- --------------------------------------------------------------------- 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 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 666,770 (1) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.77% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - ---------- (1) See Item 4(a). Page 3 of 15 Pages - ------------------- ------------------- CUSIP No. 43739T104 13G Page 4 of 15 Pages - ------------------- ------------------- - ---------- --------------------------------------------------------------------- 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 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 666,770 (1) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.77% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - ---------- (1) See Item 4 (a) Page 4 of 15 Pages - ------------------- ------------------- CUSIP No. 43739T104 13G Page 5 of 15 Pages - ------------------- ------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Satellite Fund Management LLC - ---------- --------------------------------------------------------------------- 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 - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER 666,770 ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 666,770 WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 666,770 (1) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.77% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO, IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - ---------- (1) See Item 4(a) Page 5 of 15 Pages - ------------------- ------------------- CUSIP No. 43739T104 13G Page 6 of 15 Pages - ------------------- ------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Lief D. Rosenblatt - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 666,770 OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 666,770 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 666,770 (1) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.77% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - ---------- (1) See Item 4(a) Page 6 of 15 Pages Item 1(a) Name of Issuer: - --------- --------------- Homeland Holding Corporation (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: - --------- ------------------------------------------------ 2601 Northwest Expressway Oil Center-East Suite 1100E Oklahoma City, Oklahoma 73112 Items 2(a) Name of Person Filing: - ---------- ---------------------- This Statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): i) Soros Fund Management LLC, a Delaware limited liability company ("SFM LLC"); ii) Mr. George Soros ("Mr. Soros"); iii) Mr. Stanley F. Druckenmiller ("Mr. Druckenmiller"); iv) Satellite Fund Management LLC, a Delaware limited liability company "Satellite LLC"); and v) Mr. Lief D. Rosenblatt ("Mr. Rosenblatt"). This Statement relates to Shares (as defined herein) held for the accounts of Quantum Partners and Quasar Partners (each as defined herein). SFM LLC, a Delaware limited liability company, serves as principal investment manager to Quantum Partners LDC, a Cayman Islands exempted duration company ("Quantum Partners") and, as such, has been granted investment discretion over portfolio investments, including the Shares, held for the account of Quantum Partners. SFM LLC, on behalf of Quantum Partners and Quasar Partners, has granted investment discretion to Satellite LLC, pursuant to investment management contracts between Quantum Partners and Satellite LLC (the "Quantum Partners-Satellite Contract") and Quasar Partners and Satellite LLC (the "Quasar Partners-Satellite Contract"). None of SFM LLC, Mr. Soros and Page 7 of 10 Pages Mr. Druckenmiller currently exercises voting or dispositive power over the Shares held for the accounts of Quantum Partners and Quasar Partners. Pursuant to a combination of Quasar International Fund N.V. ("Quasar Fund") with and into Quantum Industrial Holdings Ltd. ("QIH"), effective February 1, 1999, portfolio investments previously held indirectly by Quasar Fund (including the Shares held for the account of Quasar International Partners, C.V., a Netherlands Antilles limited partnership ("Quasar Partners")), were transferred to, and are held indirectly by, QIH. SFM LLC serves as principal investment manager to both Quasar Partners and QIH, and remains the principal investment manager of such portfolio investments. Mr. Soros is the Chairman of SFM LLC. Mr. Druckenmiller is the Lead Portfolio Manager and a Member of the Management Committee of SFM LLC. Mr. Rosenblatt is Managing Director of Satellite LLC. Item 2(b) Address of Principal Business Office: - --------- ------------------------------------- The address of the principal business office of each of SFM LLC, Mr. Soros, Mr. Druckenmiller, Satellite LLC and Mr. Rosenblatt is 888 Seventh Avenue, 33rd Floor, New York, NY 10106. Item 2(c) Citizenship: - --------- ------------ i) SFM LLC is a Delaware limited liability company; ii) Mr. Soros is a United States citizen; iii) Mr. Druckenmiller is a United States citizen; iv) Satellite LLC is a Delaware limited liability company; and v) Mr. Rosenblatt is a United States citizen. Item 2(d) Title of Class of Securities: - --------- ----------------------------- Common Stock, par value $0.01 per share (the Shares") Item 2(e) CUSIP Number: - --------- ------------- 43739T104 Item 3 Not Applicable - ------ Item 4. Ownership: - ------- ---------- Page 8 of 15 Pages Item 4(a) Amount Beneficially Owned: - --------- -------------------------- As of February 11, 1999, each of the Reporting Persons may be deemed the beneficial owner of the following number of Shares: i) SFM LLC, Mr. Soros and Mr. Druckenmiller may be deemed to be the beneficial owners of 666,770 Shares. This number consists of (A) 26,229 Shares held for the account of Quasar Partners and (B) 640,541 Shares held for the account of Quantum Partners. With respect to the Shares held for the accounts of both Quantum Partners and Quasar Partners, as a consequence of Quantum Partners' and Quasar Partners' ability to (i) terminate the Quantum Partners-Satellite Contract and the Quasar Partners-Satellite Contract, respectively, with respect to all investments, including those involving the Shares held for the accounts of Quantum Partners and Quasar Partners and (ii) return voting and dispositive power to SFM LLC within 60 days, notwithstanding the fact that none of SFM LLC, Mr. Soros and Mr. Druckenmiller currently exercises such power, SFM LLC, Mr. Soros and Mr. Druckenmiller may be deemed to be the beneficial owners of the 666,770 Shares held for the accounts of Quantum Partners and Quasar Partners. ii) Satellite LLC and Mr. Rosenblatt may be deemed the beneficial owner of 666,770 Shares. This number consists of (A) 26,229 Shares held for the account of Quasar Partners and (B) 640,541 Shares held for the account of Quantum Partners. Item 4(b) Percent of Class: - --------- ----------------- The number of Shares of which each of SFM LLC, Mr. Soros, Mr. Druckenmiller, Satellite LLC and Mr. Rosenblatt may be deemed to be the beneficial owner constitutes approximately 13.77% of the total number of Shares outstanding. Item 4(c) Number of shares as to which such person has: - --------- --------------------------------------------- SFM LLC ------- (i) Sole power to vote or to direct the vote: -0- Page 9 of 15 Pages (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- Mr. Soros --------- (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- Mr. Druckenmiller ----------------- (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- Satellite LLC ------------- (i) Sole power to vote or to direct the vote: 666,770 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 666,770 (iv) Shared power to dispose or to direct the disposition of: -0- Mr. Rosenblatt -------------- (i) Sole power to vote or to direct the vote: -0- Page 10 of 15 Pages (ii) Shared power to vote or to direct the vote: 666,770 (iii) Sole power to dispose or to direct the disposition of: -0- (iv) Shared power to dispose or to direct the disposition of: 666,770 Item 6 Ownership of More than Five Percent on Behalf of Another Person: - ------ ---------------------------------------------------------------- The shareholders of Quantum Partners, including Quantum Fund N.V., a Netherlands Antilles company, have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the account of Quantum Partners in accordance with their ownership interests in Quantum Partners. The partners of Quasar Partners, including Quantum Industrial Partners LDC, a Cayman Islands Limited Duration Company, have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the account of Quasar Partners in accordance with their partnership interests in Quasar Partners. Information contained herein concerning SFM LLC, Mr. Soros and Mr. Druckenmiller has been provided by SFM LLC. Satellite LLC assumes no responsibility for such information. Information contained herein concerning Satellite LLC has been provided by Satellite LLC. SFM LLC, Mr. Soros and Mr. Druckenmiller assume no responsibility for such information. 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: - ------ ------------------------------- Page 11 of 15 Pages Not Applicable Item 10 Certification: - ------- -------------- By signing below each signatory certifies that, to the best of his/its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 12 of 15 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 12, 1999 SOROS FUND MANAGEMENT LLC By: /s/ Michael C. Neus ---------------------------- Michael C. Neus Assistant General Counsel Dated: February 12, 1999 GEORGE SOROS By: /s/ Michael C. Neus ---------------------------- Michael C. Neus Attorney-in-Fact Dated: February 12, 1999 STANLEY F. DRUCKENMILLER By: /s/ Michael C. Neus ---------------------------- Michael C. Neus Attorney-in-Fact Dated: February 12, 1999 SATELLITE FUND MANAGEMENT LLC By: /s/ Lief D. Rosenblatt ---------------------------- Name: Lief D. Rosenblatt Title: Managing Director Dated: February 12, 1999 /s/ Lief D. Rosenblatt ---------------------------- Lief D. Rosenblatt Page 13 of 15 Pages EXHIBIT INDEX ------------- Page ---- Joint Filing Agreement, dated as of February 12, 1999 by and among Soros Fund Management LLC, Mr. George Soros, Mr. Stanley F. Druckenmiller, Satellite Fund Management LLC and Mr. Lief D. Rosenblatt...................................................................15 Page 14 of 15 Pages EX-99.1 2 JOINT FILING AGREEMENT JOINT FILING AGREEMENT ---------------------- The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Homeland Holding Corporation, dated as of February 12, 1999 is, and any amendments thereto signed by each of the undersigned shall be, filed on behalf of us pursuant to and in accordance with the provisions of Rule 13d-1(f) under the Securities Exchange Act of 1934. Dated: February 12, 1999 SOROS FUND MANAGEMENT LLC By: /s/ Michael C. Neus ---------------------------- Michael C. Neus Assistant General Counsel Dated: February 12, 1999 GEORGE SOROS By: /s/ Michael C. Neus ---------------------------- Michael C. Neus Attorney-in-Fact Dated: February 12, 1999 STANLEY F. DRUCKENMILLER By: /s/ Michael C. Neus ---------------------------- Michael C. Neus Attorney-in-Fact Dated: February 12, 1999 SATELLITE FUND MANAGEMENT LLC By: /s/ Lief D. Rosenblatt ---------------------------- Name: Lief D. Rosenblatt Title: Managing Director Dated: February 12, 1999 /s/ Lief D. Rosenblatt ---------------------------- Lief D. Rosenblatt Page 15 of 15 Pages -----END PRIVACY-ENHANCED MESSAGE-----