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OMB APPROVAL
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OMB Number 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Home Products International, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
437305105
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(CUSIP Number)
Marc D. Hauser
Equity Group Investments, L.L.C.
2 North Riverside Plaza, Suite 600
Chicago, Illinois 60606
(312) 466-3281
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 8, 2004
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7(b) for other
parties to whom copies are to be sent.
* 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 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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
CUSIP No. 43705105 13D/A Page 2 of 5 Pages
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1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Samstock/SIT, L.L.C. FEIN 36-6934126
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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. Source of Funds (See Instructions)
Not Applicable
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5. Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
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6. Citizenship or Place of Organization
Delaware
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7. Sole Voting Power
NUMBER OF 650,720
SHARES _________________________________________________________________
BENEFICIALLY 8. Shared Voting Power
OWNED BY -0-
EACH _________________________________________________________________
REPORTING 9. Sole Dispositive Power
PERSON 650,720
WITH _________________________________________________________________
10. Shared Dispositive Power
-0-
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
650,720
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12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
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13. Percent of Class Represented by Amount in Row (11)
8.26% (1)
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14. Type of Reporting Person (See Instructions)
OO
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(1) Calculated based upon 7,878,902 shares of Issuer's Common Stock outstanding
as of August 2, 2004, as reported in Issuer's Quarterly Report on Form 10-Q for
the period ended June 26, 2004.
CUSIP No. 43705105 13D/A Page 3 of 5 Pages
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1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Zell General Partnership, Inc. FEIN 36-3716786
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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. Source of Funds (See Instructions)
Not Applicable
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5. Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
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6. Citizenship or Place of Organization
Delaware
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7. Sole Voting Power
NUMBER OF 13,280
SHARES _________________________________________________________________
BENEFICIALLY 8. Shared Voting Power
OWNED BY -0-
EACH _________________________________________________________________
REPORTING 9. Sole Dispositive Power
PERSON 13,280
WITH _________________________________________________________________
10. Shared Dispositive Power
-0-
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
13,280
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12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
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13. Percent of Class Represented by Amount in Row (11)
0.17% (1)
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14. Type of Reporting Person (See Instructions)
OO
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(1) Calculated based upon 7,878,902 shares of Issuer's Common Stock outstanding
as of August 2, 2004, as reported in Issuer's Quarterly Report on Form 10-Q for
the period ended June 26, 2004.
CUSIP No. 43705105 13D/A Page 4 of 5 Pages
This amendment amends the Schedule 13D dated December 27, 2001 (the "Schedule
13D") filed by Samstock/SIT, L.L.C., a Delaware limited liability company
("Samstock"), and Zell General Partnership, Inc., an Illinois corporation
("ZGP"; together with Samstock, the "Reporting Persons"), with respect to the
common stock, $0.01 par value (the "Common Stock") of Home Products
International, Inc., a Delaware corporation ("Issuer"), which has its principal
executive offices at 4501 West 47th Street, Chicago, Illinois 60632. Item 4 of
the Schedule 13D are hereby amended as follows:
ITEM 4. PURPOSE OF THE TRANSACTION
Item 4 is hereby amended by adding the following thereto:
In connection with its September 23, 2004 written proposal to the Special
Committee of the Board of Directors of the Issuer, the Issuer is continuing its
negotiations with EGI and the other Investors regarding the proposed Merger. As
disclosed in the Reporting Persons' Amendment No. 1 to Schedule 13/D filed on
September 24, 2004, pursuant to such proposed Merger, the Investors would
acquire 100% of the outstanding Common Stock of the Issuer through a merger with
Newco, with the Issuer as the surviving entity.
CUSIP No. 43705105 13D/A Page 5 of 5 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.
Date: October 8, 2004
SAMSTOCK/SIT, L.L.C.,
a Delaware limited liability company
/s/ Donald J. Liebentritt
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By: Donald J. Liebentritt
Its: Vice President
ZELL GENERAL PARTNERSHIP, INC.,
an Illinois corporation
/s/ Donald J. Liebentritt
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By: Donald J. Liebentritt
Its: Vice President