SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ESL INVESTMENTS INC

(Last) (First) (Middle)
200 GREENWICH AVENUE

(Street)
GREENWICH CT 06830

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
KMART HOLDING CORP [ KMRT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/31/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 01/31/2005 C 4,643,292 A $10 35,750,622 D ( 1 )
Common Stock, par value $0.01 per share 01/31/2005 C 4,643,292 A $10 35,750,646 I ( 2 ) ( 3 ) ( 8 ) See Note ( 8 )
Common Stock, par value $0.01 per share 01/31/2005 C 6,269,998 A $10 48,303,424 I ( 4 ) ( 8 ) See Note ( 8 )
Common Stock, par value $0.01 per share 01/31/2005 C 6,269,998 A $10 48,303,424 I ( 5 ) ( 8 ) See Note ( 8 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Excercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
9.00% Convertible Subordinated Note $10 01/31/2005 C $44,433,417 ( 6 ) 05/06/2006 Common Stock 4,643,292 ( 7 ) 0 D ( 1 )
9.00% Convertible Subordinated Note $10 01/31/2005 C $44,433,417 ( 6 ) 05/06/2006 Common Stock 4,643,292 ( 7 ) 0 I ( 2 ) ( 8 ) See Note ( 8 )
9.00% Convertible Subordinated Note $10 01/31/2005 C $60,000,000 ( 6 ) 05/06/2006 Common Stock 6,269,998 ( 7 ) 0 I ( 4 ) ( 8 ) See Note ( 8 )
9.00% Convertible Subordinated Note $10 01/31/2005 C $60,000,000 ( 6 ) 05/06/2006 Common Stock 6,269,998 ( 7 ) 0 I ( 5 ) ( 8 ) See Note ( 8 )
1. Name and Address of Reporting Person*
ESL INVESTMENTS INC

(Last) (First) (Middle)
200 GREENWICH AVENUE

(Street)
GREENWICH CT 06830

(City) (State) (Zip)
1. Name and Address of Reporting Person*
LAMPERT EDWARD S

(Last) (First) (Middle)
200 GREENWICH AVENUE

(Street)
GREENWICH CT 06830

(City) (State) (Zip)
1. Name and Address of Reporting Person*
CRK PARTNERS LLC

(Last) (First) (Middle)
200 GREENWICH AVENUE

(Street)
GREENWICH CT 06830

(City) (State) (Zip)
1. Name and Address of Reporting Person*
CRK PARTNERS II LP

(Last) (First) (Middle)
200 GREENWICH AVENUE

(Street)
GREENWICH CT 06830

(City) (State) (Zip)
Explanation of Responses:
1. These securities are owned by CRK Partners II, L.P., a Delaware limited partnership ("CRK II").
2. These securities may be deemed to be indirectly beneficially owned by CRK Partners, L.L.C., a Delaware limited liability company ("CRK LLC"). See note 8.
3. Includes 24 shares of common stock owned by CRK LLC.
4. These securities may be deemed to be indirectly beneficially owned by ESL Investments, Inc., a Delaware corporation ("ESL Investments"). See note 8.
5. These securities may be deemed to be indirectly beneficially owned by Edward S. Lampert. See note 8.
6. The 9.00% Convertible Subordinated Notes were issued on May 6, 2003 and were convertible at any time prior to their maturity.
7. This transaction is a conversion of a derivative security, including accrued and unpaid interest thereon, for which the conversion price per share is reported in Column 2, pursuant to Instruction 4(c)(iii).
8. This Form 4 is filed on behalf of a group consisting of CRK II, ESL Investments, CRK LLC and Edward S. Lampert. Pursuant to Rule 16a-1(a)(2), ESL Investments, CRK LLC and Mr. Lampert may be deemed indirect beneficial owners of certain of the securities reported on this Form 4. CRK LLC is the general partner of CRK II. ESL Investments is the managing member of CRK LLC. Mr. Lampert is a controlling stockholder of ESL Investments and a director and Chairman of the Board of Kmart Holding Corporation. The securities reported as being owned by CRK II reflect the total amount of securities beneficially owned by CRK II, which is greater than CRK LLC's, Mr. Lampert's or ESL Investment's indirect pecuniary interest in such securities or in the other securities reported as beneficially onwed by each of them
/s/ William C. Crowley, President and COO (see signature of other Reporting Persons attached as Exhibit 99.1) 01/31/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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