Initial Statement of Beneficial Ownership (3)
July 10 2014 - 5:45PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Vestis Retail Group, LLC
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2. Date of Event Requiring Statement (MM/DD/YYYY)
6/30/2014
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3. Issuer Name
and
Ticker or Trading Symbol
SPORT CHALET INC [SPCH]
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(Last)
(First)
(Middle)
CIRA CENTRE, 2929 ARCH STREET
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4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
___
X
___ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Street)
PHILADELPHIA, PA 19104
(City)
(State)
(Zip)
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5. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4)
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2. Amount of Securities Beneficially Owned
(Instr. 4)
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3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
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4. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Class A Common Stock, par value $0.01 per share
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0
(1)
(2)
(3)
(4)
(5)
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I
(1)
(2)
(3)
(4)
(5)
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See footnotes
(1)
(2)
(3)
(4)
(5)
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Class B Common Stock, par value $0.01 per share
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0
(1)
(2)
(3)
(4)
(5)
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I
(1)
(2)
(3)
(4)
(5)
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See footnotes
(1)
(2)
(3)
(4)
(5)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4)
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2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
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3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Explanation of Responses:
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(
1)
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On June 30, 2014, Sport Chalet, Inc. ("Issuer") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Vestis Retail Group, LLC, a Delaware limited liability company ("Parent"), and Everest Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Purchaser"). Pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, Purchaser has commenced a cash tender offer (the "Offer") to acquire all of the shares of Issuer's Class A Common Stock, par value $0.01 per share ("Class A Stock") and Class B Common Stock, par value $0.01 per share ("Class B Stock") for a purchase price of $1.20 per share in cash (as such price may be reduced pursuant to the Merger Agreement, the "Offer Price").
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(
2)
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Parent, Purchaser and the other persons named above, as well as the persons named in the Form 3 filed concurrently herewith on behalf of Versa Fund Management, LLC and certain other parties, may be deemed to have shared voting power of 64.0% and 60.2% of Issuer's outstanding Class A Stock and Class B Stock, respectively (based on Issuer's outstanding common stock as of June 30, 2014 as represented by Issuer in the Merger Agreement), pursuant to the terms and conditions of the Tender and Support Agreements ("Support Agreements") and the Stock Purchase Agreement ("Stock Purchase Agremeent"), each dated June 30, 2014, and each by and among Purchaser, Parent and certain stockholders of Issuer (the "Stockholders").
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(
3)
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(Continued from footnote 2) For additional information regarding the Merger Agreement, the Support Agreements and the Stock Purchase Agreement, please see the Schedule 13D filed by Parent with the SEC on July 10, 2014. Neither Parent nor Purchaser has any pecuniary interest in any common stock of Issuer held by the Stockholders, and each expressly disclaims beneficial ownership of any shares of the Class A Stock or Class B Stock of Issuer covered by the Support Agreements and Stock Purchase Agreement.
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(
4)
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This report is neither an offer to purchase nor a solicitation of an offer to sell shares of Issuer. Parent and Purchaser have filed a tender offer statement with the Securities and Exchange Commission ("SEC"), and have mailed or will mail an offer to purchase, forms of letter of transmittal and related documents to Issuer stockholders. Issuer has filed with the SEC, and has mailed or will mail to Issuer stockholders, a solicitation/recommendation statement on Schedule 14D-9. These documents contain important information about the tender offer, and stockholders of Issuer are urged to read them carefully and in their entirety.
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(
5)
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(Continued from footnote 4) Investors and security holders may obtain a free copy of these statements and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov or by directing such requests to Georgeson Inc., the Information Agent for the Offer, which may be contacted at 480 Washington Boulevard, 26th Floor, Jersey City, NJ 07310 or by telephone at (866) 856-6388.
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Remarks:
Because no more than 10 reporting persons can file any one Form 3 through the Securities and Exchange Commission's EDGAR system, this Form 3 is being filed by the above-named persons jointly with an additional Form 3 dated as of the same date filed by Versa Fund Management, LLC, Versa Capital Group, LLC, Gregory L. Segall, Paul Halpern, Raymond C. French, William R. Quinn, David S. Lorry and Thomas A. Kennedy.
Exhibit 24 - Power of Attorney, previously filed as Exhibit E to Vestis Retail Group, LLC's Schedule 13D, filed July 10, 2014, and incorporated herein by reference.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Vestis Retail Group, LLC
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Everest Merger Sub, Inc.
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Vestis Retail Financing, LLC
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Vestis Retail Holdings, LLC
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Collis EMS Investments II, LLC
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Collis EMS Investments II-A, LLC
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Versa Capital Fund II LP
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Versa Capital Fund II A LP
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Versa FGP-II, LP
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Versa UGP-II, LLC
CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104
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X
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Signatures
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/s/ Paul Halpern, as an individual and as Attorney-in-Fact for the above-listed persons
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7/10/2014
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 5(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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