UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
ASSISTED LIVING CONCEPTS, INC.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
04543M107
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(CUSIP Number)
with a copy to:
Stephen Feinberg Robert G. Minion, Esq.
299 Park Avenue Lowenstein Sandler PC
22nd Floor 65 Livingston Avenue
New York, New York 10171 Roseland, New Jersey 07068
(212) 421-2600 (973) 597-2424
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 17, 2004
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 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 (however, see the
Notes).
Cusip No. 04543M107
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1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only):
Stephen Feinberg
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2) Check the Appropriate Box if a Member of a Group (See Instructions):
(a) Not
(b) Applicable
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3) SEC Use Only
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4) Source of Funds (See Instructions): WC
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e): Not Applicable
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6) Citizenship or Place of Organization: United States
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Number of 7) Sole Voting Power: *
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Shares Beneficially 8) Shared Voting Power: *
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Owned by
Each Reporting 9) Sole Dispositive Power: *
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Person With: 10) Shared Dispositive Power: *
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11) Aggregate Amount Beneficially Owned by Each Reporting Person: 679,321*
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): Not Applicable
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13) Percent of Class Represented by Amount in Row (11): 10.5%*
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14) Type of Reporting Person (See Instructions): IA, IN
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* Cerberus Partners, L.P. ("Cerberus") is the holder of 128,021 shares of common
stock, par value $0.01 per share (the "Shares"), of Assisted Living Concepts,
Inc. (the "Company"), Cerberus International, Ltd. ("International") is the
holder of 325,911 Shares, Cerberus Institutional, Ltd. ("Institutional") is the
holder of 123,146 Shares and certain private investment funds (the "Funds") in
the aggregate are the holders of 102,243 Shares. Stephen Feinberg possesses sole
power to vote and direct the disposition of all securities of the Company owned
by each of Cerberus, International, Institutional and the Funds. Thus, as of
November 17, 2004, for the purposes of Reg. Section 240.13d-3, Stephen Feinberg
is deemed to beneficially own 679,321 Shares, or 10.5% of the Shares deemed
issued and outstanding as of that date.
Item 5. Interest in Securities of the Issuer.
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Based upon information set forth in the Company's Quarterly Report on
Form 10-Q for the quarterly period ended September 30, 2004, as of November 5,
2004 there were issued and outstanding 6,491,164 Shares. As of November 17,
2004, Cerberus is the holder of 128,021 Shares, International is the holder of
325,911 Shares, Institutional is the holder of 123,146 Shares and the Funds in
the aggregate are the holders of 102,243 Shares. Stephen Feinberg possesses sole
power to vote and direct the disposition of all securities of the Company owned
by each of Cerberus, International, Institutional and the Funds. Thus, as of
November 17, 2004, for the purposes of Reg. Section 240.13d-3, Stephen Feinberg
is deemed to beneficially own 679,321 Shares, or 10.5% of the Shares deemed
issued and outstanding as of that date.
The only transactions in Shares, or securities convertible into,
exercisable for or exchangeable for Shares, by Mr. Feinberg or any person or
entity controlled by him or any person or entity for which he possesses voting
or investment control over the securities thereof since the filing of the
Schedule 13D Amendment No. 3 by Mr. Feinberg dated as of November 16, 2004, were
the sales of Shares detailed in the table below (each of which were effected in
an ordinary brokerage transaction):
I. Cerberus
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(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
November 17, 2004 34,150 $18.12
II. International
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(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
November 17, 2004 50,000 $18.15
November 17, 2004 36,840 $18.12
III. Institutional
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(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
November 17, 2004 32,785 $18.12
IV. The Funds
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(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
November 17, 2004 27,225 $18.12
Signature
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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.
November 18, 2004
/s/ Stephen Feinberg
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Stephen Feinberg, in his capacity
as the managing member of Cerberus
Associates, L.L.C., the general
partner of Cerberus Partners, L.P.,
and as the investment manager for
each of Cerberus International, Ltd.,
Cerberus Institutional, Ltd. and the
Funds
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).