UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No.___ )*
Under the Securities Exchange Act of 1934
CAPITAL SENIOR LIVING CORPORATION
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
140475104
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(CUSIP Number)
June 19, 2009
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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. 140475104
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(1) Names of Reporting Persons: WS Capital, L.L.C.
I.R.S. Identification Nos. of Above Persons (entities only):
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: Texas
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Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 0*
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(6) Shared Voting Power: 1,486,800*
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(7) Sole Dispositive Power: 0*
--------------------------------------
(8) Shared Dispositive Power: 1,486,800*
--------------------------------------
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
1,486,800*
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9): 5.5%*
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(12) Type of Reporting Person: HC/OO
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* Based on information set forth on the Form 10-Q of Capital Senior Living
Corporation (the "Company") for the quarterly period ended March 31, 2009, as
filed with the Securities and Exchange Commission on May 6, 2009, there were
26,851,494 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of May 1, 2009. As of June 19, 2009 (the
"Reporting Date"), for purposes of Reg. Section 240.13d-3, Walker Smith Capital,
L.P. ("WSC"), Walker Smith Capital (Q.P.), L.P. ("WSCQP"), Walker Smith
International Fund, Ltd. ("WS International"), HHMI Investments, L.P. ("HHMI")
and GT Global Hedge, L.P. ("GT Global" and collectively with WSC, WSCQP, WS
International and HHMI, the "WS Funds") owned 1,486,800 Shares. WS Capital
Management, L.P. ("WSC Management") is the general partner of WSC and WSCQP, the
agent and attorney-in-fact for WS International and the investment manager for
HHMI and GT Global. WS Capital, L.L.C. ("WS Capital") is the general partner of
WSC Management. Reid S. Walker and G. Stacy Smith are members of WS Capital. As
a result, WSC Management, WS Capital and Messrs. Reid S. Walker and G. Stacy
Smith possess shared power to vote and direct the disposition of the Shares held
by the WS Funds. Thus, as of the Reporting Date, for the purposes of Reg.
Section 240.13d-3, WSC Management, WS Capital and Messrs. Reid S. Walker and G.
Stacy Smith are deemed to beneficially own 1,486,800 Shares, or approximately
5.5% of the Shares deemed issued and outstanding as of the Reporting Date. Each
of the reporting persons hereby expressly disclaims membership in a "group"
under Section 13(d) of the Securities Exchange Act of 1934, as amended, and the
rules and regulations thereunder with respect to the Shares reported herein, and
this Schedule 13G shall not be deemed to be an admission that any such reporting
person is a member of such a group.
CUSIP No. 140475104
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: WS Capital Management, L.P.
I.R.S. Identification Nos. of Above Persons (entities only):
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization: Texas
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 0*
--------------------------------------
(6) Shared Voting Power: 1,486,800*
--------------------------------------
(7) Sole Dispositive Power: 0*
--------------------------------------
(8) Shared Dispositive Power: 1,486,800*
--------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
1,486,800*
--------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9): 5.5%*
--------------------------------------------------------------------------------
(12) Type of Reporting Person: IA/PN
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Capital Senior Living
Corporation (the "Company") for the quarterly period ended March 31, 2009, as
filed with the Securities and Exchange Commission on May 6, 2009, there were
26,851,494 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of May 1, 2009. As of June 19, 2009 (the
"Reporting Date"), for purposes of Reg. Section 240.13d-3, Walker Smith Capital,
L.P. ("WSC"), Walker Smith Capital (Q.P.), L.P. ("WSCQP"), Walker Smith
International Fund, Ltd. ("WS International"), HHMI Investments, L.P. ("HHMI")
and GT Global Hedge, L.P. ("GT Global" and collectively with WSC, WSCQP, WS
International and HHMI, the "WS Funds") owned 1,486,800 Shares. WS Capital
Management, L.P. ("WSC Management") is the general partner of WSC and WSCQP, the
agent and attorney-in-fact for WS International and the investment manager for
HHMI and GT Global. WS Capital, L.L.C. ("WS Capital") is the general partner of
WSC Management. Reid S. Walker and G. Stacy Smith are members of WS Capital. As
a result, WSC Management, WS Capital and Messrs. Reid S. Walker and G. Stacy
Smith possess shared power to vote and direct the disposition of the Shares held
by the WS Funds. Thus, as of the Reporting Date, for the purposes of Reg.
Section 240.13d-3, WSC Management, WS Capital and Messrs. Reid S. Walker and G.
Stacy Smith are deemed to beneficially own 1,486,800 Shares, or approximately
5.5% of the Shares deemed issued and outstanding as of the Reporting Date. Each
of the reporting persons hereby expressly disclaims membership in a "group"
under Section 13(d) of the Securities Exchange Act of 1934, as amended, and the
rules and regulations thereunder with respect to the Shares reported herein, and
this Schedule 13G shall not be deemed to be an admission that any such reporting
person is a member of such a group.
CUSIP No. 140475104
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: Reid S. Walker
I.R.S. Identification Nos. of Above Persons (entities only):
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization: United States
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 0*
--------------------------------------
(6) Shared Voting Power: 1,486,800*
--------------------------------------
(7) Sole Dispositive Power: 0*
--------------------------------------
(8) Shared Dispositive Power: 1,486,800*
--------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
1,486,800*
--------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9): 5.5%*
--------------------------------------------------------------------------------
(12) Type of Reporting Person: IN
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Capital Senior Living
Corporation (the "Company") for the quarterly period ended March 31, 2009, as
filed with the Securities and Exchange Commission on May 6, 2009, there were
26,851,494 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of May 1, 2009. As of June 19, 2009 (the
"Reporting Date"), for purposes of Reg. Section 240.13d-3, Walker Smith Capital,
L.P. ("WSC"), Walker Smith Capital (Q.P.), L.P. ("WSCQP"), Walker Smith
International Fund, Ltd. ("WS International"), HHMI Investments, L.P. ("HHMI")
and GT Global Hedge, L.P. ("GT Global" and collectively with WSC, WSCQP, WS
International and HHMI, the "WS Funds") owned 1,486,800 Shares. WS Capital
Management, L.P. ("WSC Management") is the general partner of WSC and WSCQP, the
agent and attorney-in-fact for WS International and the investment manager for
HHMI and GT Global. WS Capital, L.L.C. ("WS Capital") is the general partner of
WSC Management. Reid S. Walker and G. Stacy Smith are members of WS Capital. As
a result, WSC Management, WS Capital and Messrs. Reid S. Walker and G. Stacy
Smith possess shared power to vote and direct the disposition of the Shares held
by the WS Funds. Thus, as of the Reporting Date, for the purposes of Reg.
Section 240.13d-3, WSC Management, WS Capital and Messrs. Reid S. Walker and G.
Stacy Smith are deemed to beneficially own 1,486,800 Shares, or approximately
5.5% of the Shares deemed issued and outstanding as of the Reporting Date. Each
of the reporting persons hereby expressly disclaims membership in a "group"
under Section 13(d) of the Securities Exchange Act of 1934, as amended, and the
rules and regulations thereunder with respect to the Shares reported herein, and
this Schedule 13G shall not be deemed to be an admission that any such reporting
person is a member of such a group.
CUSIP No. 140475104
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: G. Stacy Smith
I.R.S. Identification Nos. of Above Persons (entities only):
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization: United States
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 0*
--------------------------------------
(6) Shared Voting Power: 1,486,800*
--------------------------------------
(7) Sole Dispositive Power: 0*
--------------------------------------
(8) Shared Dispositive Power: 1,486,800*
--------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
1,486,800*
--------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9): 5.5%*
--------------------------------------------------------------------------------
(12) Type of Reporting Person: IN
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Capital Senior Living
Corporation (the "Company") for the quarterly period ended March 31, 2009, as
filed with the Securities and Exchange Commission on May 6, 2009, there were
26,851,494 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of May 1, 2009. As of June 19, 2009 (the
"Reporting Date"), for purposes of Reg. Section 240.13d-3, Walker Smith Capital,
L.P. ("WSC"), Walker Smith Capital (Q.P.), L.P. ("WSCQP"), Walker Smith
International Fund, Ltd. ("WS International"), HHMI Investments, L.P. ("HHMI")
and GT Global Hedge, L.P. ("GT Global" and collectively with WSC, WSCQP, WS
International and HHMI, the "WS Funds") owned 1,486,800 Shares. WS Capital
Management, L.P. ("WSC Management") is the general partner of WSC and WSCQP, the
agent and attorney-in-fact for WS International and the investment manager for
HHMI and GT Global. WS Capital, L.L.C. ("WS Capital") is the general partner of
WSC Management. Reid S. Walker and G. Stacy Smith are members of WS Capital. As
a result, WSC Management, WS Capital and Messrs. Reid S. Walker and G. Stacy
Smith possess shared power to vote and direct the disposition of the Shares held
by the WS Funds. Thus, as of the Reporting Date, for the purposes of Reg.
Section 240.13d-3, WSC Management, WS Capital and Messrs. Reid S. Walker and G.
Stacy Smith are deemed to beneficially own 1,486,800 Shares, or approximately
5.5% of the Shares deemed issued and outstanding as of the Reporting Date. Each
of the reporting persons hereby expressly disclaims membership in a "group"
under Section 13(d) of the Securities Exchange Act of 1934, as amended, and the
rules and regulations thereunder with respect to the Shares reported herein, and
this Schedule 13G shall not be deemed to be an admission that any such reporting
person is a member of such a group.
Item 1(a). Name of Issuer: CAPITAL SENIOR LIVING CORPORATION
Item 1(b). Address of Issuer's Principal Executive Offices:
14160 Dallas Parkway, Suite 300
Dallas, Texas 75254
Item 2(a). Name of Person Filing:
WS Capital, L.L.C.
WS Capital Management, L.P.
Reid S. Walker
G. Stacy Smith
Item 2(b). Address of Principal Business Office or, if none, Residence:
300 Crescent Court, Suite 1111
Dallas, Texas 75201
Item 2(c). Citizenship:
WS Capital, L.L.C.: Texas
WS Capital Management, L.P.: Texas
Reid S. Walker: United States
G. Stacy Smith: United States
Item 2(d). Title of Class of Securities:
Common stock, par value $0.01 per share
Item 2(e). CUSIP Number: 140475104
Item 3. Not Applicable.
Item 4. Ownership:
(a) Amount Beneficially Owned:
WS Capital, L.L.C. 1,486,800*
WS Capital Management, L.P. 1,486,800*
Reid S. Walker 1,486,800*
G. Stacy Smith 1,486,800*
(b) Percent of Class:
WS Capital, L.L.C. 5.5%*
WS Capital Management, L.P. 5.5%*
Reid S. Walker 5.5%*
G. Stacy Smith 5.5%*
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
WS Capital, L.L.C. 0*
WS Capital Management, L.P. 0*
Reid S. Walker 0*
G. Stacy Smith 0*
(ii) shared power to vote or to direct the vote:
WS Capital, L.L.C. 1,486,800*
WS Capital Management, L.P. 1,486,800*
Reid S. Walker 1,486,800*
G. Stacy Smith 1,486,800*
(iii) sole power to dispose or to direct the disposition of:
WS Capital, L.L.C. 0*
WS Capital Management, L.P. 0*
Reid S. Walker 0*
G. Stacy Smith 0*
(iv) shared power to dispose or to direct the disposition of:
WS Capital, L.L.C. 1,486,800*
WS Capital Management, L.P. 1,486,800*
Reid S. Walker 1,486,800*
G. Stacy Smith 1,486,800*
-------------------
* See footnote on cover pages
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of Subsidiary Which Acquired the
Securities:
Not applicable.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE
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.
June 29, 2009
WS CAPITAL, L.L.C.
By: /s/ Reid S. Walker
---------------------------------------------
Reid S. Walker, Member
WS CAPITAL MANAGEMENT, L.P.
By: WS Capital, L.L.C., its general partner
By: /s/ Reid S. Walker
---------------------------------------------
Reid S. Walker, Member
/s/ Reid S. Walker
------------------------------------------------
REID S. WALKER
/s/ G. Stacy Smith
------------------------------------------------
G. STACY SMITH
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act
of 1934, as amended, the persons named below agree to the joint filing on behalf
of each of them a Statement on Schedule 13G (including amendments thereto) with
regard to the common stock of CAPITAL SENIOR LIVING CORPORATION and further
agree that this Joint Filing Agreement be included as an Exhibit to such joint
filings. In evidence thereof, the undersigned, being duly authorized, hereby
execute this Joint Filing Agreement as of June 29, 2009.
WS CAPITAL, L.L.C.
By: /s/ Reid S. Walker
---------------------------------------------
Reid S. Walker, Member
WS CAPITAL MANAGEMENT, L.P.
By: WS Capital, L.L.C., its general partner
By: /s/ Reid S. Walker
---------------------------------------------
Reid S. Walker, Member
/s/ Reid S. Walker
------------------------------------------------
REID S. WALKER
/s/ G. Stacy Smith
------------------------------------------------
G. STACY SMITH