================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 4)
_______________________
PLAYTEX PRODUCTS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
72813P 100
(CUSIP Number)
_______________________
ROBERT B. HAAS
C/O HAAS WHEAT & PARTNERS, L.P.
300 CRESCENT COURT, SUITE 1700
DALLAS, TEXAS 75201
TEL. NO.: (214) 871-8300
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
_______________________
December 21, 2005
(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
[_].
*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. 72813P 100 SCHEDULE 13D Page 2 of 17 Pages
---------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Capital Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 3 of 17 Pages
---------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Valentine Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 4 of 17 Pages
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--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 5 of 17 Pages
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--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Valentine, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 6 of 17 Pages
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--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Incorporated
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IV
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 7 of 17 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Valentine Incorporated
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IV
--------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 8 of 17 Pages
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--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert B. Haas
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 1,118,094
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 75,587
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,118,094
------------------------------------------------
10 SHARED DISPOSITIVE POWER
75,587
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,193,681
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 9 of 17 Pages
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Pursuant to Rule 13d-2(a) of Regulation 13D-G of the General
Rules and Regulations under the Securities Exchange Act of 1934, as amended (the
"Act"), the undersigned hereby amend their Schedule 13D Statement dated June 6,
1995 (the "Initial Statement"), as amended by Amendment No. 1 dated June 8,
1998, Amendment No. 2 dated October 5, 2004 and Amendment No. 3 dated October
12, 2004 (as amended, the "Schedule 13D"). Unless otherwise indicated, all
defined terms used herein shall have the same meanings respectively ascribed to
them in the Schedule 13D.
ITEM 1. SECURITY AND ISSUER.
No material change.
ITEM 2. IDENTITY AND BACKGROUND.
(a), (b), (c) and (f). The names and addresses of the persons
filing this Schedule are as follows:
HWH Capital Partners, L.P. ("HWHCP"), a Delaware limited
partnership, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent
Court, Suite 1700, Dallas, Texas 75201, and which is a private investment
partnership;
HWH Valentine Partners, L.P. ("HWHVP"), a Delaware limited
partnership, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent
Court, Suite 1700, Dallas, Texas 75201, and which is a private investment
partnership;
HWH, L.P. ("HWHLP"), a Delaware limited partnership, whose
address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700,
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 10 of 17 Pages
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Dallas, Texas 75201, and which acts as the sole general partner of HWHCP;
HWH Valentine, L.P. ("HWHV"), a Delaware limited partnership,
the general partner of HWHVP, whose address is c/o Haas Wheat & Partners, L.P.,
300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which acts as the sole
general partner of HWHVP;
HWH Incorporated ("HWHI"), a Delaware corporation, whose
address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700,
Dallas, Texas 75201, and which acts as the sole general partner of HWHLP;
HWH Valentine Incorporated ("HWHVI"), a Delaware corporation,
the general partner of HWHV, whose address is c/o Haas Wheat & Partners, L.P.,
300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which acts as the sole
general partner of HWHV; and
Robert B. Haas, whose address is c/o Haas Wheat & Partners,
L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201.
Robert B. Haas and Douglas D. Wheat are the sole stockholders
of HWHI. Robert B. Haas and Douglas D. Wheat are the sole stockholders of HWHVI.
The sole general partner of HWHCP and HWHVP is HWHLP and HWHV, respectively, and
the sole general partner of each of such limited partnerships is HWHI and HWHVI,
respectively, each of which is a corporation controlled by Mr. Haas.
Information in response to Items (a) through (c) and (f) with
respect to Messrs. Haas and Wheat is set forth in Appendix I, attached to
Amendment No. 1 to the Initial Statement and incorporated by reference herein.
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 11 of 17 Pages
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The above named persons are sometimes referred to as the
"Reporting Parties." HWHCP and HWHVP are referred to collectively, as the
"Investors."
(d) and (e). No material change.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No material change.
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 is amended by adding at the end thereof, the following:
On December 21, 2005, HWHCP distributed to its partners
8,055,555 shares of Common Stock on a pro rata basis. HWHLP subsequently
distributed the 314,947 shares of Common Stock it received from HWHCP to its
partners on a pro rata basis and HWHI subsequently distributed the 3,149 shares
of Common Stock it received from HWHLP to its stockholders on a pro rata basis.
HWHCP, HWHLP and HWHI no longer have beneficial ownership of the HWHCP shares of
Common Stock distributed by HWHCP, HWHLP and HWHI. In connection with the
distributions, Robert B. Haas received 432,175 shares of Common Stock by virtue
of being a partner of HWHLP and a stockholder of HWHI and a trust for benefit of
Robert B. Haas' family received 75,587 shares of Common Stock by virtue of being
a partner of HWHLP. No monetary consideration was paid in connection with the
distributions.
Also on December 21, 2005, HWHVP distributed to its partners
on a pro rata basis 9,028,482 shares of Common Stock on a pro rata basis. HWHV
subsequently distributed the 348,722 shares of Common Stock it received from
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 12 of 17 Pages
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HWHVP to its partners on a pro rata basis and HWHVI subsequently distributed the
3,487 shares of Common Stock it received from HWHV to its stockholders on a pro
rata basis. HWHVP, HWHV and HWHVI no longer have beneficial ownership of the
HWHVP shares of Common Stock distributed by HWHVP, HWHV and HWHVI. In connection
with the distributions, Robert B. Haas received 685,919 shares of Common Stock
by virtue of being a partner of HWHV and a stockholder of HWHVI. No monetary
consideration was paid in connection with the distributions.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b) are hereby amended as follows:
(a) and (b). The aggregate percentage of shares of Common
Stock reported owned by each person herein is based upon the information
contained in the Company's Form 10-Q filed on October 31, 2005.
As of the close of business on December 21, 2005:
Name of Reporting Party:
HWH CAPITAL PARTNERS, L.P.
------------------------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 0
------------------------------------------------------------------------------------------------
Percentage 0.0%
------------------------------------------------------------------------------------------------
(b) 1. Sole power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 0
disposition
------------------------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 0
disposition
------------------------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 13 of 17 Pages
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HWH VALENTINE PARTNERS, L.P.
------------------------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 0
------------------------------------------------------------------------------------------------
Percentage 0.0%
------------------------------------------------------------------------------------------------
(b) 1. Sole power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 0
disposition
------------------------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 0
disposition
------------------------------------------------------------------------------------------------
HWH, L.P.
------------------------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 0
------------------------------------------------------------------------------------------------
Percentage 0.0%
------------------------------------------------------------------------------------------------
(b) 1. Sole power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 0
disposition
------------------------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 0
disposition
------------------------------------------------------------------------------------------------
HWH VALENTINE, L.P.
------------------------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 0
------------------------------------------------------------------------------------------------
Percentage 0.0%
------------------------------------------------------------------------------------------------
(b) 1. Sole power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 0
disposition
------------------------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 0
disposition
------------------------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 14 of 17 Pages
----------------------- ---------------------
HWH INCORPORATED
------------------------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 0
------------------------------------------------------------------------------------------------
Percentage 0.0%
------------------------------------------------------------------------------------------------
(b) 1. Sole power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 0
disposition
------------------------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 0
disposition
------------------------------------------------------------------------------------------------
HWH VALENTINE INCORPORATED
------------------------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 0
------------------------------------------------------------------------------------------------
Percentage 0.0%
------------------------------------------------------------------------------------------------
(b) 1. Sole power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
------------------------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 0
disposition
------------------------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 0
disposition
------------------------------------------------------------------------------------------------
ROBERT B. HAAS
------------------------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 1,193,681
------------------------------------------------------------------------------------------------
Percentage 1.9%
------------------------------------------------------------------------------------------------
(b) 1. Sole power to vote or to direct the vote 1,118,094
------------------------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 75,587
------------------------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 1,118,094
disposition
------------------------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 75,587
disposition
------------------------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 15 of 17 Pages
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(c) Other than as described in Item 4 hereof, the Reporting
Parties have not effected any transactions with respect to the Issuer's Common
Stock in the past 60 days.
(d) To the best knowledge of the Reporting Parties, no person
other than the Reporting Parties has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, the Shares.
(e) On December 21, 2005, the Reporting Parties ceased to be
the beneficial owners of 5% or more of the Issuer's Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
No material change.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
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EXHIBIT NUMBER DESCRIPTION
--------------------------------------------------------------------------
99.1 Joint Filing Agreement, dated December 22, 2005,
among HWH Capital Partners, L.P., HWH Valentine
Partners, L.P., HWH, L.P., HWH Valentine, L.P., HWH
Incorporated, HWH Valentine Incorporated and Robert
B. Haas
--------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 16 of 17 Pages
----------------------- ---------------------
SIGNATURES
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.
December 22, 2005
HWH CAPITAL PARTNERS, L.P.
By: HWH, L.P., its general partner
By: HWH Incorporated, its general partner
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
HWH VALENTINE PARTNERS, L.P.
By: HWH Valentine, L.P., its
general partner
By: HWH Valentine Incorporated, its
general partner
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
HWH, L.P.
By: HWH Incorporated, its general partner
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 17 of 17 Pages
----------------------- ---------------------
HWH VALENTINE, L.P.
By: HWH Valentine Incorporated, its
general partner
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
HWH INCORPORATED
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
HWH VALENTINE INCORPORATED
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
/s/ Robert B. Haas
------------------------------------------
Robert B. Haas