SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
STATION CASINOS, 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)
857689103
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(CUSIP Number)
July 23, 2002
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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
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
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CUSIP No. 857689103 13G Page 2 of 9 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields Capital Management LP
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER 3,875,500
SHARES -------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER --0--
OWNED BY -------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 3,875,500
REPORTING -------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER --0--
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,875,500
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [_]
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.7%
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12. TYPE OF REPORTING PERSON
PN
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CUSIP No. 857689103 13G Page 3 of 9 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields GP LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER 3,875,500
SHARES -------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER --0--
OWNED BY -------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 3,875,500
REPORTING -------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER --0--
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,875,500
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [_]
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.7%
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12. TYPE OF REPORTING PERSON
OO
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CUSIP No. 857689103 13G Page 4 of 9 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jonathon S. Jacobson
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5. SOLE VOTING POWER 3,875,500
SHARES -------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER --0--
OWNED BY -------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 3,875,500
REPORTING -------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER --0--
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,875,500
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [_]
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.7%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 857689103 13G Page 5 of 9 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard L. Grubman
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5. SOLE VOTING POWER 3,875,500
SHARES -------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER --0--
OWNED BY -------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 3,875,500
REPORTING -------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER --0--
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,875,500
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [_]
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.7%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 857689103 13G Page 6 of 9 Pages
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Item 1(a). Name of Issuer:
Station Casinos, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
2411 West Sahara Avenue
Las Vegas, Nevada 89102
Item 2(a). Name of Person Filing:
This statement is being filed by the following persons with
respect to the shares of common stock of the Issuer directly
owned by Highfields Capital I LP, Highfields Capital II LP and
Highfields Capital Ltd. (collectively, the "Funds"):
(i) Highfields Capital Management LP, a Delaware limited
partnership ("Highfields Capital Management") and
Investment Manager to each of the Funds,
(ii) Highfields GP LLC, a Delaware limited liability company
("Highfields GP") and the General Partner of Highfields
Capital Management,
(iii) Jonathon S. Jacobson, a Managing Member of Highfields GP,
and
(iv) Richard L. Grubman, a Managing Member of Highfields GP.
Highfields Capital Management, Highfields GP, Mr. Jacobson and
Mr. Grubman are sometimes individually referred to herein as a
"Reporting Person" and collectively as the "Reporting Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence:
Address for Highfields Capital Management, Highfields
GP, Mr. Jacobson and Mr. Grubman:
c/o Highfields Capital Management LP
200 Clarendon Street
Boston, Massachusetts 02116
Item 2(c). Citizenship:
Highfields Capital Management - Delaware
Highfields GP - Delaware
Jonathon S. Jacobson - United States
Richard L. Grubman - United States
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CUSIP No. 857689103 13G Page 7 of 9 Pages
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Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share
Item 2(e). CUSIP Number:
857689103
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [_] Investment company registered under Section 8 of the
Investment Company Act.
(e) [_] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
For Highfields Capital Management, Highfields GP, Mr. Jacobson
and Mr. Grubman:
(a) Amount beneficially owned:
3,875,500 shares of Common Stock
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CUSIP No. 857689103 13G Page 8 of 9 Pages
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(b) Percent of class:
6.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
3,875,500
(ii) Shared power to vote or to direct the vote --0--
(iii) Sole power to dispose or to direct the
disposition of 3,875,500
(iv) Shared power to dispose or to direct the
disposition of --0--
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.
The shares to which this filing relates are directly owned by the
Funds. Each of the Reporting Persons has the power to direct the
dividends from or the proceeds of the sale of the shares owned by
such Funds. Highfields Capital Management serves as the
Investment Manager to each of the Funds. None of the Funds
individually owns more than five percent of the shares of common
stock of the Issuer.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
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.
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CUSIP No. 857689103 13G Page 9 of 9 Pages
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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.
August 2, 2002
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Date
HIGHFIELDS CAPITAL MANAGEMENT LP
By: Highfields GP LLC, its General Partner
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Authorized Signatory
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Name/Title
HIGHFIELDS GP LLC
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Authorized Signatory
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Name/Title
JONATHON S. JACOBSON
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Attorney-in-Fact
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Name/Title
RICHARD L. GRUBMAN
/s/ Kenneth H. Colburn
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Signature
Kenneth H. Colburn, Attorney-in-Fact
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Name/Title