SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 2)
Isle of Capri Casinos, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
147575104
--------------------------------------------------------------------------------
(CUSIP Number)
Paul W. Theiss
Mayer, Brown, Rowe & Maw
190 South LaSalle Street
Chicago, Illinois 60603
(312) 782-0600
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(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
General Update
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(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(e), 13d-1(f) or 13d-1(g), check the
following box [_]
(Continued on following pages)
(Page 1 of 19 pages)
CUSIP NO.: 147575104 Schedule 13D
---------------
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NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
BERNARD GOLDSTEIN
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 2,069,554 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0 shares
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 2,069,554 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0 shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,069,554 shares
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
7.0%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------------------------------------------------------------------------
(Page 2 of 19)
Schedule 13D
CUSIP NO.: 147575104
-----------------
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NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
JEFFREY D. GOLDSTEIN
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 2,856,566 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0 shares
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 2,856,566 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0 shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,856,566 shares
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
9.8%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------------------------------------------------------------------------
(Page 3 of 19)
Schedule 13D
CUSIP NO.: 147575104
-----------------
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NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
RICHARD A. GOLDSTEIN
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,206,457 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0 shares
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,206,457 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0 shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,206,457 shares
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.1%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------------------------------------------------------------------------
(Page 4 of 19)
CUSIP NO.: 147575104 Schedule 13D
----------------- ------------
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NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
ROBERT S. GOLDSTEIN
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 10,046,020 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0 shares
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 10,046,020 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0 shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,046,020 shares
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
34.4%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------------------------------------------------------------------------
(Page 5 of 19)
CUSIP NO.: 147575104 Schedule 13D
----------------- ------------------
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NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
ALTER COMPANY (F/K/A VALLEY CORPORATION)
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
IOWA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,516,809
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0 shares
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,516,809
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0 shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,516,809
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.2%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
CO
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(Page 6 of 19)
CUSIP NO.: 147575104 Schedule 13D
----------------- ------------------
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NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
GOLDSTEIN GROUP, INC.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
IOWA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,516,809
SHARES ---------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY
EACH 8
REPORTING 0 shares
PERSON ---------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
9
1,516,809
----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,516,809
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.2%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
CO
------------------------------------------------------------------------------
(Page 7 of 19)
CUSIP NO.: 147575104 Schedule 13D
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NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
B.I.J.R.R Isle, Inc.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Missouri
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 8,752,625
SHARES ---------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY
EACH 8
REPORTING 0 shares
PERSON ---------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
9
8,752,625 shares
---------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0 shares
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,752,625 shares
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
30.1%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
CO
------------------------------------------------------------------------------
(Page 8 of 19)
Schedule 13D
CUSIP NO.: 147575104
-----------------
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NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
B.I. Isle Partnership, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Missouri
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 4,552,625
SHARES ---------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY
EACH 8
REPORTING 0 shares
PERSON ---------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
9
4,552,625 shares
---------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0 shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,552,625 shares
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
15.7%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------------------------------------------------------------------------
(Page 9 of 19)
Schedule 13D
CUSIP NO.: 147575104
-----------------
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
Rob Isle Partnership, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Missouri
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,400,000 shares
SHARES ---------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY
EACH 8
REPORTING 0 shares
PERSON ---------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
9
1,400,000 shares
---------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0 shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,400,000 shares
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.8%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------------------------------------------------------------------------
(Page 10 of 19)
CUSIP NO.: 147575104 Schedule 13D
-----------------
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
Rich Isle Partnership, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Missouri
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,400,000 shares
SHARES ---------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY
EACH 8
REPORTING 0 shares
PERSON ---------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
9
1,400,000 shares
----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0 shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,400,000 shares
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.8%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------------------------------------------------------------------------
(Page 11 of 19)
CUSIP NO.: 147575104 Schedule 13D
-----------------
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
Jeff Isle Partnership, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
Not Applicable
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Missouri
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,400,000 shares
SHARES ---------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY
EACH 8
REPORTING 0 shares
PERSON ---------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
9
1,400,000 shares
---------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0 shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,400,000 shares
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.8%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------------------------------------------------------------------------
(Page 12 of 19)
CUSIP NO.: 147575104 Schedule 13D
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the common stock, par value $.01 per share
(the "Isle of Capri Common Stock"), of Isle of Capri Casinos, Inc., a Delaware
corporation ("Isle of Capri" or the "Issuer"). Isle of Capri's principal
executive offices are located at 1641 Popps Ferry Road, Biloxi, Mississippi
39532.
ITEM 2. IDENTITY AND BACKGROUND
This Schedule 13D is being filed by Bernard Goldstein, Jeffrey D.
Goldstein, Richard A. Goldstein, Robert S. Goldstein, Alter Company (f/k/a
Valley Corporation), Goldstein Group, Inc., B.I.J.R.R. Isle, Inc., B.I. Isle
Partnership, L.P., Rob Isle Partnership, L.P., Rich Isle Partnership, L.P. and
Jeff Isle Partnership, L.P. Each of the persons filing this Schedule 13D
disclaims membership in a group.
(a) - (c) Bernard Goldstein is the Chairman and Chief Executive Officer of Isle
of Capri. Isle of Capri's principal business is the development,
ownership and operation of branded gaming and related lodging and
entertainment facilities in the United States. Bernard Goldstein's
business address is Isle of Capri, 2200 Corporate Boulevard N.W.,
Suite 310, Boca Raton, Florida 33431.
Jeffrey D. Goldstein is the son of Bernard Goldstein and a Director
of Isle of Capri. Jeffrey Goldstein is Chairman and President of
Alter Company, a wholly owned subsidiary of the Goldstein Group,
Inc., whose principal business is the transportation of commodities
on the inland waterways. Jeffrey D. Goldstein's business address is
2117 State Street, Suite 300, Bettendorf, Iowa 52722.
Richard A. Goldstein is the son of Bernard Goldstein and Vice
President of Alter Trading Corporation, a wholly owned subsidiary of
the Goldstein Group, Inc., whose principal business is scrap metal
recycling. Richard A. Goldstein's business address is 689 Craig Road,
St. Louis, Missouri 63141. Alter Trading Corporation has no ownership
of securities of Isle of Capri.
Robert S. Goldstein is the son of Bernard Goldstein and a Director of
Isle of Capri. Robert Goldstein is President of Alter Trading
Corporation. Mr. Goldstein's business address is 689 Craig Road, St.
Louis, Missouri 63141.
Alter Company is an Iowa corporation. Alter Company and its
subsidiaries are engaged in the transportation of commodities on the
inland waterways. Its business address is 2117 State Street, Suite
300, Bettendorf, Iowa 52722. Jeffrey Goldstein is Chairman and
President. Alter Company is a wholly owned subsidiary of Goldstein
Group, Inc.
Goldstein Group, Inc. is an Iowa corporation which was formed by the
Goldstein family as a holding company. The Goldstein Group, Inc. owns
100% of the shares of the Alter Company and Alter Trading
Corporation. Its business address is 2117 State Street, Suite 300,
Bettendorf, Iowa 52722. The Goldstein Group, Inc. has no direct
ownership of shares of Isle of Capri; its holdings are indirect
through Alter Company. Bernard Goldstein is Chairman.
B.I.J.R.R. Isle, Inc. is a Missouri corporation wholly-owned by
members of the Goldstein family. It is the sole general partner of
B.I. Isle Partnership, L.P., Rob Isle Partnership, L.P., Rich Isle
Partnership, L.P. and Jeff Isle Partnership, L.P. Robert Goldstein is
the President. The address for B.I.J.R.R. Isle, Inc. is c/o Michael
Newmark, Bryan Cave LLP, 211 N. Broadway, Suite 3600, St. Louis,
Missouri 63102.
(Page 13 of 19)
CUSIP NO.: 147575104 Schedule 13D
B.I. Isle Partnership, L.P., Rob Isle Partnership, L.P., Rich Isle
Partnership, L.P. and Jeff Isle Partnership, L.P. are Missouri
limited partnerships established to facilitate a number of planning
objectives for the Goldstein family. The limited partnership
interests of the B.I. Isle Partnership, L.P. were held initially by
Bernard Goldstein and his spouse, Irene Goldstein. The limited
partnership interests of the Rob Isle Partnership, L.P. were held
initially by Robert S. Goldstein. The limited partnership interests
of the Rich Isle Partnership, L.P. were held initially by Richard A.
Goldstein. The limited partnership interests of the Jeff Isle
Partnership, L.P. were held initially by Jeffrey D. Goldstein. The
address for each of these limited partnerships is c/o Michael
Newmark, Bryan Cave LLP, 211 N. Broadway, Suite 3600, St. Louis,
Missouri 63102.
(d) - (e) During the last five years, none of the persons filing this Schedule
13D has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or has been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to
a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) The citizenship of each of the persons filing this report is the
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The changes in beneficial ownership among the joint filers included in this
Schedule 13D occurred in connection with transactions executed principally to
accomplish various tax and estate planning objectives of members of the
Goldstein family. Bernard Goldstein exercised an aggregate of 580,000 vested
options issued to him under employee stock option plans established by Isle of
Capri in October 2002 and January 2003, using an aggregate of 142,148 shares
loaned to him on a temporary basis by B.I. Isle Partnership, L.P. to pay the
exercise price and received an aggregate of 142,148 re-load options. Bernard
Goldstein then sold an aggregate of 196,231 of the shares received by him
pursuant to his exercise of options to Alter Company for cash at the market
price on the effective date of the sale and repaid B.I. Isle Partnership, L.P.
for the shares he borrowed.
ITEM 4. PURPOSE OF TRANSACTION
See response to Item 3 above.
* * * * * *
Bernard Goldstein is the Chairman and Chief Executive Officer and Robert S.
Goldstein and Jeffrey D. Goldstein are members of the Board of Directors of Isle
of Capri. In such capacities, Messrs. Goldstein are party to decision-making
that from time to time involves matters related to those described in Items 4(b)
through (j) herein. Responses set forth in Items 4(b) through (j) refer to plans
or proposals of the persons filing this Schedule 13D only and are not intended
to include decisions of Isle of Capri which Messrs. Goldstein may participate in
as members of the Board of Directors of Isle of Capri.
* * * * * *
(Page 14 of 19)
CUSIP NO.: 147575104 Schedule 13D
(a) The persons filing this Schedule 13D may, from time to time, acquire
additional securities of Isle of Capri by open market purchase or through
private transactions to increase their holdings; particularly when they
believe shares of Isle of Capri are undervalued.
(b) The persons filing this Schedule 13D have no present plans or proposals for
an extraordinary corporate transaction involving Isle of Capri or any of
its subsidiaries.
(c) The persons filing this Schedule 13D have no present plans or proposals
involving the sale or transfer of a material amount of assets of Isle of
Capri or any of its subsidiaries.
(d) The persons filing this Schedule 13D have no present plans or proposals
involving any change in the present board of directors or management of
Isle of Capri, nor any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board.
(e) The persons filing this Schedule 13D have no present plans or proposals for
any material change in the present capitalization or dividend policy of
Isle of Capri.
(f) The persons filing this Schedule 13D have no present plans or proposals for
any other material change in Isle of Capri's business or corporate
structure.
(g) The persons filing this Schedule 13D have no present plans or proposals for
changes in Isle of Capri's charter or bylaws, or instruments corresponding
thereto or other actions that may impede the acquisition of control of Isle
of Capri by any person.
(h) The persons filing this Schedule 13D have no present plans or proposals for
causing a class of securities of Isle of Capri to be delisted from a
national securities exchange or to cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association.
(i) The persons filing this Schedule 13D have no present plans or proposals for
a class of securities of Isle of Capri becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Act.
(j) The persons filing this Schedule 13D have no present plans or proposals for
any actions similar to those enumerated above.
(Page 15 of 19)
CUSIP NO.: 147575104
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date of this Schedule 13D, the persons filing this Schedule 13D
beneficially owned in the aggregate 14,661,788 shares or approximately
49.7% of the issued and outstanding shares of Isle of Capri, which included
381,648 employee options which are owned by Bernard Goldstein, Jeffrey D.
Goldstein and Robert S. Goldstein and will be vested and exercisable over
the next 60 days. The percentage above is calculated based upon the net
29,097,206 shares outstanding (which number excludes shares held by Isle of
Capri) on March 7, 2003.
(b) The number of shares as to which there is sole power to vote or to direct
the vote, shared power to vote or direct the vote, sole power to dispose or
to direct the disposition, or shared power to dispose or to direct the
disposition is reflected in the table below for each of the persons filing
this Schedule 13D:
Sole Dispositive Shared
Name Sole Voting Shared Voting Power Dispositive Power
--------------------------- ------------ ------------- ---------------- -------------------
Bernard Goldstein 2,069,554 (1) 0 2,069,554 (1) 0
Jeffrey D. Goldstein 2,856,566 (2) 0 2,856,566 (2) 0
Richard A. Goldstein 1,206,457 0 1,206,457 0
Robert S. Goldstein 10,046,020 (3) 0 10,046,020 (3) 0
Alter Company 1,516,809 (4) 0 1,516,809 (4) 0
Goldstein Group, Inc. 1,516,809 (5) 0 1,516,809 (5) 0
B.I.J.R.R. Isle, Inc. 8,752,625 (6),(7) 0 8,752,625 (6),(7) 0
B.I. Isle Partnership, L.P. 4,552,625 (7) 0 4,552,625 (7) 0
Rob Isle Partnership, L.P. 1,400,000 (7) 0 1,400,000 (7) 0
Rich Isle Partnership, L.P. 1,400,000 (7) 0 1,400,000 (7) 0
Jeff Isle Partnership, L.P. 1,400,000 (7) 0 1,400,000 (7) 0
-------------------
(1) Includes 24,476 shares held in the Bernard Goldstein Retirement Plan
and 286,648 employee options that will be vested and exercisable over
the next 60 days. Includes 1,516,809 shares held by Alter Company, for
which Mr. Bernard Goldstein as Chairman of the Goldstein Group, Inc.,
its 100% shareholder, has indirect beneficial ownership, as defined in
Rule 13d-3 promulgated by the U.S. Securities and Exchange Commission
pursuant to the Securities Exchange Act of 1934. Such indirect
beneficial ownership arises from the power to vote or to direct the
vote or the power to dispose or direct the disposition of such shares
and does not necessarily constitute a personal ownership interest in
such shares.
(2) Includes 22,500 employee options that will be vested and exercisable
over the next 60 days. Includes 1,516,809 shares held by Alter
Company, for which Mr. Jeffrey Goldstein as Chairman and President,
has indirect beneficial ownership. Such indirect beneficial ownership
arises from the power to vote or to direct the vote or the power to
dispose or direct the disposition of such shares and does not
necessarily constitute a personal ownership interest in such shares.
(3) Includes 72,500 employee options that will be vested and exercisable
over the next 60 days. Includes 8,752,625 shares which B.I.J.R.R.
Isle, Inc. as sole general partner of B.I. Isle Partnership, L.P., Rob
Isle Partnership, L.P., Rich Isle Partnership, L.P. and Jeff Isle
Partnership, L.P., has indirect beneficial ownership, as defined in
Rule 13d-3 promulgated by the U.S. Securities and Exchange Commission
pursuant to the Securities Exchange Act of 1934. Such indirect
beneficial ownership does not necessarily constitute an economic
interest in such shares. Mr. Robert Goldstein is the President of
B.I.J.R.R. Isle, Inc.
(4) Mr. Jeffrey Goldstein as Chairman and President of Alter Company has
indirect beneficial ownership and reports sole voting and dispositive
power as to these shares. Such indirect beneficial ownership arises
from the power to vote or to
(Page 16 of 19)
CUSIP NO.: 147575104
direct the vote or the power to dispose or direct the disposition of
such shares and does not necessarily constitute a personal ownership
interest in such shares.
(5) The Goldstein Group, Inc. is the sole shareholder of Alter Company
and, as such, has indirect beneficial ownership of the 1,516,809
shares held by Alter Company. Mr. Bernard Goldstein as Chairman of the
Goldstein Group, Inc. has indirect beneficial ownership and reports
sole voting and dispositive power as to these shares. Such indirect
beneficial ownership arises from the power to vote or to direct the
vote or the power to dispose or direct the disposition of such shares
and does not necessarily constitute a personal ownership interest in
such shares.
(6) B.I.J.R.R. Isle, Inc. is the general partner of B.I. Isle Partnership,
L.P., Rob Isle Partnership, L.P., Rich Isle Partnership, L.P. and Jeff
Isle Partnership, L.P. and, as such, has indirect beneficial ownership
of the shares held by each limited partnership. Such indirect
beneficial ownership arises from the power to vote or to direct the
vote or the power to dispose or direct the disposition of such shares
and does not necessarily constitute a personal ownership interest in
such shares.
(7) Robert S. Goldstein as President of B.I.J.R.R. Isle, Inc., as sole
general partner, has indirect beneficial ownership and reports sole
voting and dispositive power as to these shares. Such indirect
beneficial ownership arises from the power to vote or to direct the
vote or the power to dispose or direct the disposition of such shares
and does not necessarily constitute a personal ownership interest in
such shares.
(c) The persons filing this Schedule 13D did not engage in any transactions in
shares of Isle of Capri during the last 60 days.
(d) To the knowledge of the persons filing this Schedule 13D, no other persons,
have the right to receive or the power to direct the receipt of dividends
from or the proceeds from the sale of, the shares owned by such persons.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Other than each respective limited partnership agreement of B.I. Isle
Partnership, L.P., Rob Isle Partnership, L.P., Rich Isle Partnership, L.P. and
Jeff Isle Partnership, L.P., to the best knowledge of the persons filing this
Schedule 13D, there are no contracts, arrangements, understandings or
relationships (legal or otherwise) among the persons named in Item 2 and between
such persons and any person with respect to any securities of Isle of Capri,
including but not limited to transfer or voting of any of the securities,
finder's fees, joint ventures, loan or option arrangements, put or calls,
guarantees of profits, division of profits or loss, or the giving or withholding
or proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit Description
------- -----------
99.1 Joint Filing Agreement and Power of Attorney dated as of March 13,
2000 incorporated by reference to the Schedule 13D filed March 2,
2000.
99.2 Joint Filing Agreement and Power of Attorney dated as of February 5,
2002 incorporated by reference to Amendment No. 1 to Schedule 13D
filed February 5, 2002.
99.3 Joint Filing Agreement and Power of Attorney dated as of March 24,
2003.
(Page 17 of 19)
CUSIP NO.: 147575104 Schedule 13D
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 24, 2003
/s/ Bernard Goldstein
---------------------
Bernard Goldstein
/s/ Jeffrey D. Goldstein*
------------------------
Jeffrey D. Goldstein
/s/ Richard A. Goldstein*
------------------------
Richard A. Goldstein
/s/ Robert S. Goldstein*
-----------------------
Robert S. Goldstein
ALTER COMPANY
By: /s/ Jeffery D. Goldstein*
----------------------------------
Jeffery D. Goldstein, as President
GOLDSTEIN GROUP, INC.
By: /s/ Bernard Goldstein
-----------------------------
Bernard Goldstein, as Chairman
B.I.J.R.R. ISLE, INC.
By: /s/ Robert S. Goldstein*
-------------------------------
Robert S. Goldstein, as President
(Page 18 of 19)
CUSIP NO.: 147575104 Schedule 13D
B.I. ISLE PARTNERSHIP, L.P.
BY: B.I.J.R.R. ISLE, INC., ITS SOLE GENERAL PARTNER
By: /s/ Robert S. Goldstein*
-------------------------------
Robert S. Goldstein, as President
ROB ISLE PARTNERSHIP, L.P.
BY: B.I.J.R.R. ISLE, INC., ITS SOLE GENERAL PARTNER
By: /s/ Robert S. Goldstein*
-------------------------------
Robert S. Goldstein, as President
RICH ISLE PARTNERSHIP, L.P.
BY: B.I.J.R.R. ISLE, INC., ITS SOLE GENERAL PARTNER
By: /s/ Robert S. Goldstein*
-------------------------------
Robert S. Goldstein, as President
JEFF ISLE PARTNERSHIP, L.P.
BY: B.I.J.R.R. ISLE, INC., ITS SOLE GENERAL PARTNER
By: /s/ Robert S. Goldstein*
-------------------------------
Robert S. Goldstein, as President
*By: /s/ Bernard Goldstein
--------------------------------
Bernard Goldstein
Attorney-in-Fact
(Page 19 of 19)