U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Waveland Capital Management, L.P. Clincher Capital Corporation
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(Last) (First) (Middle)
227 West Monroe, Suite 4800
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(Street)
Chicago Illinois 60606
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Heartland Partners, L.P. (AMEX:HTL)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
July 2001
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Class A Limited Partnership Units 07/31/01 P 400 A $13.9875 400 I (1)
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Class A Limited Partnership Units 327,089 I (2)
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(1) Units are held in an account for which Waveland Capital Management, L.P. serves as the investment advisor. Thus, Waveland
Capital Management, L.P. and Clincher Capital Corporation, its general partner, may be deemed to have an indirect beneficial
ownership interest in such Units.
(2) Units are beneficially owned by an entity of which Waveland Capital Management, L.P. is the investment advisor. Thus, the
Reporting Persons may be deemed to have an indirect beneficial ownership interest in such Units.
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Response) (Over)
Page 2 of 4
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Explanation of Responses:
WAVELAND Capital Management, L.P.
By: Clincher Capital Corporation, as general partner
/s/ David S. Richter August 10, 2001
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**Signature of Reporting Person Date
David S. Richter, President
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Page 3 of 4
ATTACHMENT
Pursuant to Rules 16a-1(a)(3) and 16a-3(j) of the Securities Exchange Act
of 1934 and General Instruction 4(b)(v) of Form 4, the undersigned hereby
execute this attachment as joint filers with respect to the foregoing Statement
of Changes in Beneficial Ownership (Statement for July 2001 ) regarding certain
Class A Limited Partnership Units of Heartland Partners, L.P. (AMEX: HTL):
WAVELAND CAPITAL MANAGEMENT, L.P.
227 West Monroe, Suite 4800
Chicago, Illinois 60606
By: Clincher Capital Corporation
Its: General Partner
By: /s/ David S. Richter
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David S. Richter, President
CLINCHER CAPITAL CORPORATION
227 West Monroe, Suite 4800
Chicago, Illinois 60606
By: /s/ David S. Richter
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David S. Richter, President
Page 4 of 4