SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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)
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
The Finish Line, Inc.
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(Name of Issuer)
Class A Common Stock, par value $0.01 per share
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(Title of Class of Securities)
317923100
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(CUSIP Number)
Marc Weingarten, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, New York 10022
(212) 756-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 6, 2006
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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 that 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. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
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* 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 (however, see the
Notes).
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 2 OF 9 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CLINTON GROUP, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,823,241
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,823,241
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,823,241
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
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14 TYPE OF REPORTING PERSON*
IA; CO
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* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 3 OF 9 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CLINTON MULTISTRATEGY MASTER FUND, LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
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7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,800,741
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,800,741
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,800,741
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 4 OF 9 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CGI WHITEHALL UNIVERSAL PORTFOLIO FUND LIMITED
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
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7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 22,500
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
22,500
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
22,500
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 5 OF 9 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GEORGE HALL
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,823,241
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,823,241
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,823,241
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
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14 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 6 OF 9 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CONRAD BRINGSJORD
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,823,241
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,823,241
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,823,241
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
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14 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 7 OF 9 PAGES
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The Schedule 13D filed on September 8, 2006 by Clinton Group, Inc., a
Delaware corporation ("CGI"), Clinton Multistrategy Master Fund, Ltd., a Cayman
Islands company ("CMSF"), CGI Whitehall Universal Portfolio Fund Limited, a
Cayman Islands company ("Whitehall"), George Hall and Conrad Bringsjord
(collectively, the "Reporting Persons"), with respect to the shares of class A
common stock, par value $0.01 per share (the "Shares"), of The Finish Line, Inc.
(the "Issuer"), is hereby amended as set forth herein by this Amendment No. 1.
As the Reporting Persons no longer beneficially own, in the aggregate, greater
than 5% of the Shares, this Amendment No. 1 constitutes an "exit filing" and the
Reporting Persons do not intend to file any further updates or amendments to the
Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and restated as follows:
Funds for the purchase of the Shares reported herein were derived from
available capital of CMSF and Whitehall. A total of approximately $21,167,828
was paid to acquire such Shares.
ITEM 4 PURPOSE OF TRANSACTION.
Item 4 of the Schedule 13D is hereby amended by the addition of the following:
On December 6, 2006, CGI delivered a letter to the Issuer stating that
it is supportive of management but skeptical of the board of directors'
intentions for building long term shareholder value. In particular, CGI
continues to oppose the dual class voting structure for the Issuer's common
shares and asks that the board consider returning cash to shareholders by
significantly increasing the dividend and entering into a Dutch tender offer
financed by a modest senior debt financing. CGI also noted that it would be
willing to discuss syndicating such a credit facility and reiterated that it
would welcome an opportunity to evaluate taking a co-investment role as an
equity investor alongside the Issuer's management and a financial sponsor
partner or as a mezzanine debt holder. A copy of this letter is attached hereto
as Exhibit C and is incorporated herein by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated as follows:
(a) As of the close of business on December 5, 2006, the Reporting
Persons beneficially owned an aggregate of 1,823,241 Shares, constituting
approximately 4.4% of the Shares outstanding.
The aggregate percentage of Shares beneficially owned by the Reporting
Persons is based upon 41,813,287 Shares outstanding, which is the total number
of Shares outstanding as of September 15, 2006 as reported in the Issuer's
quarterly report on Form 10-Q for the thirteen week period ended August 26,
2006.
(b) By virtue of investment management agreements with each of CMSF and
Whitehall, CGI has the power to vote or direct the voting, and to dispose or
direct the disposition, of all of the 1,800,741 Shares held by CMSF and the
22,500 Shares held by Whitehall. By virtue of his direct and indirect control of
CGI, George Hall is deemed to have shared voting power and shared dispositive
power with respect to all Shares as to which CGI has voting power or dispositive
power. By virtue of his position as managing director and senior portfolio
manager of CGI, Conrad Bringsjord is also deemed to have shared voting power and
shared dispositive power with respect to all Shares as to which CGI has voting
power or dispositive power. Accordingly, CGI, Mr. Hall and Mr. Bringsjord are
deemed to have shared voting and shared dispositive power with respect to an
aggregate of 1,823,241 Shares.
(c) Information concerning transactions in the Shares effected by the
Reporting Persons during the past sixty days is set forth in Schedule B hereto
and is incorporated herein by reference. All of such transactions were effected
in the open market.
(d) No person other than the Reporting Persons is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the Shares.
(e) September 8, 2006.
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 8 OF 9 PAGES
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Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Item 6 of the Schedule 13D is hereby amended by the addition of the following:
The Reporting Persons may, from time to time, enter into and dispose of
cash-settled equity swap or other similar derivative transactions with one or
more counterparties that are based upon the value of Shares, which transactions
may be significant in amount. The profit, loss and/or return on such contracts
may be wholly or partially dependent on the market value of the Shares, the
relative value of Shares in comparison to one or more other financial
instruments, indexes or securities, a basket or group of securities in which
Shares may be included, or a combination of any of the foregoing. In addition to
the Shares that they beneficially own without reference to these contracts, the
Reporting Persons currently have no long or short economic exposure to Shares
through such contracts. Such contracts would not give the Reporting Persons
direct or indirect voting, investment or dispositive control over any securities
of the Issuer and would not require the counterparties thereto to acquire, hold,
vote or dispose of any securities of the Issuer. Accordingly, the Reporting
Persons disclaim any beneficial ownership in any securities that may be
referenced in any such contracts entered into in the future or that may be held
from time to time by any counterparties to such contracts.
Item 7 MATERIAL TO BE FILED AS EXHIBITS.
Item 7 of the Schedule 13D is hereby amended and restated as follows:
Exhibit A - Joint Acquisition Statement, dated September 7, 2006
(previously filed)
Exhibit B - Letter to Issuer, dated September 7, 2006 (previously filed)
Exhibit C - Letter to Issuer, dated December 6, 2006
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CUSIP NO. 317923100 SCHEDULE 13D PAGE 9 OF 9 PAGES
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SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: December 6, 2006
CLINTON GROUP, INC.
By: /s/ Francis Ruchalski
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Name: Francis Ruchalski
Title: Comptroller
CLINTON MULTISTRATEGY MASTER FUND, LTD.
By: Clinton Group, Inc. its investment manager
By: /s/ Francis Ruchalski
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Name: Francis Ruchalski
Title: Comptroller
CGI WHITEHALL UNIVERSAL PORTFOLIO FUND LIMITED
By: Clinton Group, Inc. its investment manager
By: /s/ Francis Ruchalski
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Name: Francis Ruchalski
Title: Comptroller
/s/ George Hall
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George Hall
/s/ Conrad Bringsjord
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Conrad Bringsjord
SCHEDULE B
TRANSACTIONS IN THE SHARES BY THE REPORTING PERSONS DURING THE PAST 60 DAYS
Clinton Multistrategy Master Fund, Ltd.
Trade Date Shares Purchased (Sold) Price Per Share ($)
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10/31/06 3,549 12.90
11/01/06 5,000 12.76
11/03/06 (7,300) 13.16
11/10/06 10,352 13.93
11/10/06 (10,352) 14.47
11/13/06 10,000 14.42
11/17/06 11,000 14.33
11/20/06 10,000 14.19
11/27/06 8,000 13.61
11/28/06 2,000 13.18