-----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, WMbSlL9Eor0HDSxRtWFp+znDMpTlsnBBQ4DZcoR6/CW3wz275fvOL0Qz8VG+tNNW rKzuZyiADTNIwiuLZnWFzA== 0000950127-10-000059.txt : 20100315 0000950127-10-000059.hdr.sgml : 20100315 20100315173048 ACCESSION NUMBER: 0000950127-10-000059 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100315 DATE AS OF CHANGE: 20100315 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JOE'S JEANS INC. CENTRAL INDEX KEY: 0000844143 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 112928178 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41664 FILM NUMBER: 10682744 BUSINESS ADDRESS: STREET 1: 2340 SOUTH EASTERN AVENUE STREET 2: - CITY: COMMERCE STATE: CA ZIP: 90040 BUSINESS PHONE: 323-8373700 MAIL ADDRESS: STREET 1: 2340 SOUTH EASTERN AVENUE STREET 2: - CITY: COMMERCE STATE: CA ZIP: 90040 FORMER COMPANY: FORMER CONFORMED NAME: INNOVO GROUP INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ELORAC CORP DATE OF NAME CHANGE: 19901009 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BSS-Joe's Investors, LLC CENTRAL INDEX KEY: 0001384701 IRS NUMBER: 208072521 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O MATTHEW D. EBY STREET 2: 591 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-422-7700 MAIL ADDRESS: STREET 1: C/O MATTHEW D. EBY STREET 2: 591 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 sch13da.txt ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* Joe's Jeans Inc. ---------------- (Name of Issuer) Common Stock, par value $0.10 per share --------------------------------------- (Title of Class of Securities) 47777N101 -------------- (CUSIP Number) Barry S. Sternlicht BSS-Joe's Investors, LLC 591 West Putnam Avenue Greenwich, CT 06880 Telephone: (203) 422-7700 with a copy to: Nazim Zilkha White & Case LLP 1155 Avenue of the Americas New York, NY 10036 ----------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 10, 2010 ------------------------------------------------------- (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-l(e), 240.13d-l(f) or 240.13d-l(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 Section 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. ================================================================================ CUSIP No. 47777N101 - ------------------- - ------ ------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). BSS-Joe's Investors, LLC - ------ ------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - ------ ------------------------------------------------------------------------- 3. SEC Use Only - ------ ------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00 - ------ ------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - ------ ------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - ------------------------ ------ ------------------------------------------------ Number of Shares 7. Sole Voting Power Beneficially 0 Owned by Each ------ ------------------------------------------------ Reporting 8. Shared Voting Power Person With 3,942,325 ------ ------------------------------------------------ 9. Sole Dispositive Power 0 ------ ------------------------------------------------ 10. Shared Dispositive Power 3,942,325 - ------ ------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,942,325 - ------ ------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - ------ ------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 6.4%(1) - ------ ------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- (1) Based upon 61,612,826 shares of Common Stock issued and outstanding as reported by the Issuer in its annual report on Form 10-K filed with the SEC for the fiscal year ended November 30, 2009. CUSIP No. 47777N101 - ------------------- - ------ ------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Barry S. Sternlicht - ------ ------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - ------ ------------------------------------------------------------------------- 3. SEC Use Only - ------ ------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00 - ------ ------------------------------------------------------------------------- 5. Check 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 Shares 7. Sole Voting Power Beneficially 0 Owned by Each ------ ------------------------------------------------ Reporting 8. Shared Voting Power Person With 3,942,325(1) ------ ------------------------------------------------ 9. Sole Dispositive Power 0 ------ ------------------------------------------------ 10. Shared Dispositive Power 3,942,325(1) - ------ ------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,942,325(1) - ------ ------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - ------ ------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 6.4%(2) - ------ ------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- (1) Beneficial ownership of the shares of Common Stock indirectly owned through BSS referred to herein is being reported by Mr. Sternlicht solely because Mr. Sternlicht may be deemed to have beneficial ownership of such shares as a result of Mr. Sternlicht holding a majority of the membership interests of BSS. Neither the filing of this Amendment No. 2 nor any of its contents shall be deemed to constitute an admission by Mr. Sternlicht that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Act, or for any other purpose, and such beneficial ownership is expressly disclaimed. In addition, Mr. Sternlicht expressly disclaims membership in a "group," as defined in Section 13(d) of the Act. (2) Based upon 61,612,826 shares of Common Stock issued and outstanding as reported by the Issuer in its annual report on Form 10-K filed with the SEC for the fiscal year ended November 30, 2009. This Amendment No. 2 ("Amendment No. 2") to the statement on Schedule 13D filed on December 29, 2006 with the Securities and Exchange Commission (the "SEC"), as amended by Amendment No. 1 filed with the SEC on July 10, 2007 (the "Schedule 13D"), is filed with respect to the common stock, par value $0.10 per share (the "Common Stock") of Joe's Jeans Inc. (f/k/a Innovo Group Inc.), a Delaware corporation (the "Issuer"). Capitalized terms used but not defined herein shall have the meanings attributed to them in the Schedule 13D. Except as expressly provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration The source of funds for the acquisition of the Warrant Shares following the exercise of the warrant on February 23, 2010 to purchase up to 240,000 shares of Common Stock is available cash on hand. Item 5. Interest in Securities of the Issuer Item 5 is hereby amended and restated as follows: (a) and (b) The information contained on the cover pages of this Amendment No. 2 is incorporated herein by reference. As of the date hereof, BSS has (i) beneficial ownership (within the meaning of Rule 13d-3 under the Act) and (ii) shared power to vote or direct the vote and shared power to dispose or direct the disposition of 3,942,325 shares of Common Stock, which represents approximately 6.4% of the shares of Common Stock issued and outstanding. As a result of holding the majority of the membership interests of BSS, Mr. Sternlicht may be deemed to have (i) beneficial ownership (within the meaning of Rule 13d-3 under the Act) and (ii) shared power to vote or direct the vote and shared power to dispose or direct the disposition of 3,942,325 shares of Common Stock, which represents approximately 6.4% of the shares of Common Stock issued and outstanding. (c) The type of transaction, transaction date, number of shares, and price per share for all transactions in the Common Stock by the Reporting Persons within the last 60 days are set forth on Exhibit A attached hereto and incorporated herein by reference. All trades by the Reporting Persons were done in the open market. (d) Not applicable. (e) Not applicable. 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: March 15, 2010 BSS-JOE'S INVESTORS, LLC By: /s/ Matthew D. Eby --------------------- Name: Matthew D. Eby Title: Authorized Officer Barry S. Sternlicht /s/ Barry S. Sternlicht ------------------------- Exhibit A TRANSACTIONS Transaction Activity Trade Date (Buy/Sell) Quantity (#) Price ($) - ---------- -------------------- ------------ --------- 2/11/2010 Sell 125,000 2.04 2/12/2010 Sell 125,000 2.01 2/22/2010 Sell 25,000 2.27 2/22/2010 Sell 100,000 2.28 2/23/2010 Sell 125,000 2.22 2/23/2010 Buy(1) 240,000 1.36 2/24/2010 Sell 125,000 2.26 2/25/2010 Sell 100,000 2.21 2/26/2010 Sell 18,200 2.23 3/10/2010 Sell 200,000 2.29 3/11/2010 Sell 300,000 2.46 3/12/2010 Sell 84,150 2.72 3/15/2010 Sell 212,650 2.79 - ---------- (1) BSS exercised the warrant issued on June 27, 2007 to purchase up to 240,000 shares of Common Stock. -----END PRIVACY-ENHANCED MESSAGE-----