SC 13D/A 1 y03915sc13dza.htm SC 13D/A sc13dza
Table of Contents

SECURITIES & EXCHANGE COMMISSION

Washington, D.C. 20549
 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. 1)

FELCOR LODGING TRUST INCORPORATED
(Name of Issuer)
$1.95 Series A Cumulative Convertible Preferred Stock (the “Series A Stock”)
Depositary Shares (the “Depositary Shares”) representing
8% Series C Cumulative Redeemable Preferred Stock (the “Series C Stock”)
(Title of Class of Securities)
31430F200
31430F507
(CUSIP Number)
Dhananjay M. Pai
P. Schoenfeld Asset Management LP
1350 Avenue of the Americas, 21st Floor
New York, NY 10019
Phone: (212) 649-9500
(Name, address and telephone number of person authorized to
receive notices and communications)
September 2, 2010
(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. o

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 11 Pages)

The information required in the remainder of this cover page shall not be deemed to be “filed” for purposes 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).

 
 

TABLE OF CONTENTS

Item 7. Materials to be Filed as Exhibits
SIGNATURES
EX-99.3

Table of Contents

                       
CUSIP Nos.
  
31430F200, 31430F507 
 SCHEDULE 13D/A   Page  
2 
   of   
12 
  Pages 

 

           
(1)   NAME OF REPORTING PERSONS

PSAM Texas Master Fund Ltd.
     
     
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ 
  (b)   o 
     
(3)   SEC USE ONLY
   
   
     
(4)   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
(5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
(6)   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  (7)   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES (8)   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   15,176 shares of Series A Stock
3,334 Depositary Shares, representing 33.34 shares of Series C Stock
       
EACH (9)   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH (10)   SHARED DISPOSITIVE POWER
     
    15,176 shares of Series A Stock
3,334 Depositary Shares, representing 33.34 shares of Series C Stock
     
(11)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  15,176 shares of Series A Stock
3,334 Depositary Shares, representing 33.34 shares of Series C Stock
     
(12)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
(13)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.1%1
     
(14)   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO
1 The percentages used herein and in the rest of the Schedule 13D are calculated based upon an aggregate of 19,678,475 shares of Series A Stock and Depositary Shares currently outstanding, which consists of 12,880,475 shares of Series A Stock currently outstanding and 6,798,000 Depositary Shares representing 67,980 shares of Series C Stock currently outstanding, as reported in the Company’s Definitive Information Statement on Schedule 14C filed on August 13 , 2010.

Table of Contents

                       
CUSIP Nos.
  
31430F200, 31430F507 
 SCHEDULE 13D/A  Page  
3 
   of   
12 
  Pages 

 

           
(1)   NAME OF REPORTING PERSONS

Spartan Partners L.P.
     
     
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ 
  (b)   o 
     
(3)   SEC USE ONLY
   
   
     
(4)   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
(5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
(6)   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  (7)   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES (8)   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,579 shares of Series A Stock
1,693 Depositary Shares, representing 16.93 shares of Series C Stock
       
EACH (9)   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH (10)   SHARED DISPOSITIVE POWER
     
    7,579 shares of Series A Stock
1,693 Depositary Shares, representing 16.93 shares of Series C Stock
     
(11)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,579 shares of Series A Stock
1,693 Depositary Shares, representing 16.93 shares of Series C Stock
     
(12)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
(13)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.1%
     
(14)   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

Table of Contents

                       
CUSIP Nos.
  
31430F200, 31430F507 
 SCHEDULE 13D/A  Page  
4 
   of   
12 
  Pages 

 

           
(1)   NAME OF REPORTING PERSONS

Synapse I LLC
     
     
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ 
  (b)   o 
     
(3)   SEC USE ONLY
   
   
     
(4)   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  N/A
     
(5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
(6)   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  New York
       
  (7)   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES (8)   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,579 shares of Series A Stock
1,693 Depositary Shares, representing 16.93 shares of Series C Stock
       
EACH (9)   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH (10)   SHARED DISPOSITIVE POWER
     
    7,579 shares of Series A Stock
1,693 Depositary Shares, representing 16.93 shares of Series C Stock
     
(11)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,579 shares of Series A Stock
1,693 Depositary Shares, representing 16.93 shares of Series C Stock
     
(12)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
(13)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.1%
     
(14)   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

Table of Contents

                       
CUSIP Nos.
  
31430F200, 31430F507 
 SCHEDULE 13D/A  Page  
5 
   of   
12 
  Pages 

 

           
(1)   NAME OF REPORTING PERSONS

PSAM WorldArb Master Fund Ltd.
     
     
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ 
  (b)   o 
     
(3)   SEC USE ONLY
   
   
     
(4)   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
(5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
(6)   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  (7)   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES (8)   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   226,210 shares of Series A Stock
49,558 Depositary Shares, representing 495.58 shares of Series C Stock
       
EACH (9)   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH (10)   SHARED DISPOSITIVE POWER
     
    226,210 shares of Series A Stock
49,558 Depositary Shares, representing 495.58 shares of Series C Stock
     
(11)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  226,210 shares of Series A Stock
49,558 Depositary Shares, representing 495.58 shares of Series C Stock
     
(12)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
(13)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  1.4%
     
(14)   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

Table of Contents

                       
CUSIP Nos.
  
31430F200, 31430F507 
 SCHEDULE 13D/A  Page  
6 
   of   
12 
  Pages 

 

           
(1)   NAME OF REPORTING PERSONS

P. Schoenfeld Asset Management GP LLC
     
     
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ 
  (b)   o 
     
(3)   SEC USE ONLY
   
   
     
(4)   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  N/A
     
(5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
(6)   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  New York
       
  (7)   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES (8)   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   331,133 shares of Series A Stock
73,335 Depositary Shares, representing 733.35 shares of Series C Stock
       
EACH (9)   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH (10)   SHARED DISPOSITIVE POWER
     
    331,133 shares of Series A Stock
73,335 Depositary Shares, representing 733.35 shares of Series C Stock
     
(11)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  331,133 shares of Series A Stock
73,335 Depositary Shares, representing 733.35 shares of Series C Stock
     
(12)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
(13)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.1%
     
(14)   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

Table of Contents

                       
CUSIP Nos.
  
31430F200, 31430F507 
 SCHEDULE 13D/A  Page  
7 
   of   
12 
  Pages 

 

           
(1)   NAME OF REPORTING PERSONS

P. Schoenfeld Asset Management LP
     
     
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ 
  (b)   o 
     
(3)   SEC USE ONLY
   
   
     
(4)   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  N/A
     
(5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
(6)   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  New York
       
  (7)   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES (8)   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   331,133 shares of Series A Stock
73,335 Depositary Shares, representing 733.35 shares of Series C Stock
       
EACH (9)   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH (10)   SHARED DISPOSITIVE POWER
     
    331,133 shares of Series A Stock
73,335 Depositary Shares, representing 733.35 shares of Series C Stock
     
(11)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  331,133 shares of Series A Stock
73,335 Depositary Shares, representing 733.35 shares of Series C Stock
     
(12)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
(13)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.1%
     
(14)   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA

Table of Contents

                       
CUSIP Nos.
  
31430F200, 31430F507 
 SCHEDULE 13D/A  Page  
8 
   of   
12 
  Pages 

 

           
(1)   NAME OF REPORTING PERSONS

Peter M. Schoenfeld
     
     
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ 
  (b)   o 
     
(3)   SEC USE ONLY
   
   
     
(4)   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  N/A
     
(5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
(6)   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  (7)   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES (8)   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   331,133 shares of Series A Stock
73,335 Depositary Shares, representing 733.35 shares of Series C Stock
       
EACH (9)   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH (10)   SHARED DISPOSITIVE POWER
     
    331,133 shares of Series A Stock
73,335 Depositary Shares, representing 733.35 shares of Series C Stock
     
(11)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  331,133 shares of Series A Stock
73,335 Depositary Shares, representing 733.35 shares of Series C Stock
     
(12)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
(13)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  2.1%
     
(14)   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

Table of Contents

                       
CUSIP Nos.
  
31430F200, 31430F507 
 SCHEDULE 13D/A Page  
9 
   of   
12 
  Pages 
     This Amendment No. 1 amends the Schedule 13D filed on August 26, 2010 (the “Original Schedule 13D”). Information reported in the Original Schedule 13D remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment No. 1. Capitalized terms used and not defined in this Amendment No. 1 have the meanings set forth in the Original Schedule 13D. This Amendment No. 1 amends Item 7 as set forth below.
     Item 7. Materials to be Filed as Exhibits.
     Item 7 is hereby amended and supplemented by the addition of the following:
          Exhibit 3: Letter Agreement by and between P. Schoenfeld Asset Management LP and Perella Weinberg Partners Xerion Master Fund Ltd.

 

Table of Contents

                       
CUSIP Nos.
  
31430F200, 31430F507 
 SCHEDULE 13D/A  Page  
10 
   of   
12 
  Pages 
SIGNATURES
     After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
     DATED: September 2, 2010
         
     
  /s/ Peter M. Schoenfeld    
  Peter M. Schoenfeld, (i) individually; (ii) as   
  managing member of (a) P. Schoenfeld Asset Management GP LLC, for itself and as the general partner of P. Schoenfeld Asset Management LP; and (b) Synapse I, LLC for itself and as the general partner of Spartan Partners, LP; and (iii) as director of PSAM WorldArb Master Fund Ltd. and PSAM Texas Master Fund Ltd.