formsc13da.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)

BARNES & NOBLE, INC.
(Name of Issuer)

Common Stock, $.001 par value
(Title of Class of Securities)


067774109
(CUSIP Number)


(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

Ms. Ann Marie Swanson
Aletheia Research & Management, Inc.
100 Wilshire Boulevard, Suite 1960
Santa Monica, CA  90401
(310)-899-0800

December 17, 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(b)(3) or (4) check the following box £.

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, as amended (the “Act”), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
 
 
 
 

SCHEDULE 13D

CUSIP No. 067774109
  
Page 2  of  5 Pages

1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Aletheia Research & Management, Inc., IRS No. 95-4647814
 
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)  £
(b)  £
3
SEC USE ONLY
 
 
  
4
SOURCE OF FUNDS*
 
WC, 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
 
United States
  
 
NUMBER OF
SHARES
7
SOLE VOTING POWER
 
7,669,965 shares of Common Stock
BENEFICIALLY
OWNED BY
EACH
8
SHARED VOTING POWER
 
0
REPORTING
PERSON WITH
9
SOLE DISPOSITIVE POWER
 
7,669,965 shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
0
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,669,965 shares of Common Stock
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* o
 
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
12.73%
14
 
TYPE OF REPORTING PERSON*
 
IA

 
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Item 1.
Security and Issuer.

This statement relates to the Common Stock, $.001 par value per share (the “Common Stock”), of Barnes & Noble, Inc., a Delaware corporation (the “Issuer”).  The Issuer maintains its principal executive office at 122 Fifth Avenue, New York, New York 10011.

Item 2.
Identity and Background.

(a)            This statement is filed by Aletheia Research & Management, Inc., a California corporation (“Aletheia”), with respect to shares of the Issuer’s Common Stock held by managed accounts over which Aletheia has discretionary authority and through partnerships with respect to which Aletheia serves as general partner. Ann Marie Swanson is the Chief Compliance Officer of Aletheia.

(b)-(f)      Aletheia filed an initial Schedule 13D for an event of November 30, 2009 (the “Initial Schedule”), an Amendment No. 1 for an event of January 8, 2010, an Amendment No. 2 for an event of January 25, 2010, an Amendment No. 3 for an event of January 31, 2010, an Amendment No. 4 for an event of May 18, 2010, an Amendment No. 5 for an event of September 9, 2010, and an Amendment No. 6 for an event of October 19, 2010 (collectively, the “Previous Amendments”). Except to the extent set forth in this Amendment, the information in the Initial Schedule and Previous Amendments remains unchanged. The filing of any amendment to this Schedule 13D (including the filing of this Amendment No. 7) shall not be construed to be an admission by Aletheia that a material change has occurred in the facts set forth in this Schedule 13D or that such amendment is required under Rule 13d-2 of the Securities Exchange Act, as amended.

Item 3.
Source and Amount of Funds or Other Consideration.

Aletheia owns 7,669,965 shares of the Issuer’s Common Stock on behalf of managed accounts and partnerships with respect to which Aletheia serves as general partner.  Such managed accounts and partnerships have collectively paid $149,756,261 from their working capital for such shares.

Item 5.
Interest in Securities of the Issuer.

(a)            The number of shares of the Issuer’s Common Stock and the percentage of the outstanding shares (based upon 60,230,280 shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2010) directly or indirectly beneficially owned by the Reporting Person is as follows:

Name
  
Number of Shares
  
Percentage of Outstanding Shares
         
Aletheia
   7,669,965   12.73%

(b)            Aletheia has sole power to vote and sole power to dispose or to direct the disposition of 7,669,965 shares of the Issuer’s Common Stock.

(c)            See Appendix 1 annexed hereto.

 
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(d)            Certain persons have the right to receive dividends from or the proceeds of sale of certain of the shares of the Issuer’s Common Stock included in this statement.  No such person individually has the right to receive dividends or proceeds relating to shares of the Issuer’s Common Stock constituting more than 5% of the class of the Issuer’s Common Stock.

(e)            Not applicable.

Signatures

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: December 21, 2010


 
ALETHEIA RESEARCH & MANAGEMENT, INC.
       
       
   
By:
/s/ Ann Marie Swanson
     
Ann Marie Swanson
     
Chief Compliance Officer

 
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APPENDIX I
TRANSACTIONS IN BARNES & NOBLE, INC.
COMMON STOCK  - SINCE LAST FILING

Trade Date
  
Number of Shares Purchased
     Purchase Price     Average Share Price for Purchases    
Number of Shares Sold
    
Sales Price
    
Average Share Price for Sales
  
11/11/10
     175       2,629       15.02       2,930       43,514       14.85  
11/12/10
     29       422       14.57       496       7,265       14.65  
11/15/10
     981       14,583       14.87       1,287       19,234       14.95  
11/16/10
     304       4,357       14.33       993       14,273       14.37  
11/17/10
     563       8,312       14.76       5,528       81,037       14.66  
11/18/10
     1,507       23,145       15.36       1,630       24,831       15.23  
11/19/10
     0       0               625       9,357       14.97  
11/22/10
     2,626       40,020       15.24       1,055       15,797       14.97  
11/23/10
     900       13,583       15.09       12,195       181,286       14.87  
11/24/10
     370       5,663       15.31       1,200       18,274       15.23  
11/26/10
     2,209       33,340       15.09       7,177       108,413       15.11  
11/29/10
     246       3,680       14.96       1,065       15,904       14.93  
11/30/10
     477       6,578       13.79       1,426       20,478       14.36  
12/01/10
     622       8,434       13.56       6,220       83,710       13.46  
12/02/10
     1,755       22,896       13.05       27,768       362,817       13.07  
12/03/10
     8,573       112,132       13.08       33,039       430,109       13.02  
12/06/10
     527       7,997       15.17       35       508       14.52  
12/07/10
     5,300       83,640       15.78       37,142       580,582       15.63  
12/08/10
     483       7,329       15.17       118,205       1,802,031       15.24  
12/09/10
     800       12,149       15.19       6,987       105,822       15.15  
12/10/10
     1,328       20,162       15.18       0       0          
12/13/10
     1,709       25,451       14.89       64,394       964,965       14.99  
12/14/10
     939       14,025       14.94       10,635       157,629       14.82  
12/15/10
     0       0               1,850       27,447       14.84  
12/16/10
     0       0               35,861       525,197       14.65  
12/17/10
     1,525       22,013       14.43       59,913       880,627       14.70  
 
 
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