UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who 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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kaluzny Stefan L C/O GOLDEN GATE PRIVATE EQUITY, INC. ONE EMBARCADERO CENTER, 39TH FLOOR SAN FRANCISCO, CA 94111 |
 X |  |  |  |
/s/ Lacey J. Bundy, as Attorney-in-Fact | 05/20/2010 | |
**Signature of Reporting Person | Date |
No securities are beneficially owned | |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
 Remarks: Mr. Kaluzny is a Managing Director of Golden Gate Capital, a private equity firm and sponsor of Z Investment Holdings, LLC ("Z Investment").  Z Investment is the direct beneficial owner of warrants to purchase up to 6,389,378 shares of common stock that are immediately exercisable and warrants to purchase up to 4,675,306 shares of common stock that will become exercisable, subject to stockholder approval, upon the earlier of (i) the date of the first meeting of the Zale Corporation's stockholders to approve the shares of common stock to be issued upon exercise of the warrants and (ii) the date of the first annual meeting of Zale Corporation's stockholders to be held after the issuance of the warrants (and if stockholder approval is not received, the warrants will be exercisable for non-voting Series A Preferred Stock of Zale Corporation).  Z Investment is beneficially owned by (a) Golden Gate Capital Opportunity Fund, L.P., (b) Golden Gate Capital Opportunity Fund-A, L.P., (c) GGCOF Co-Invest, L.P., and (d) GGCOF Third Party Co-Invest, L.P.  GGC Opportunity Fund Management GP, Ltd. is the ultimate general partner of the funds listed in clauses (a) through (d), and has the power to vote or dispose of the securities held by Z Investment. GGC Opportunity Fund Management GP, Ltd. is governed by its directors.  Mr. Kaluzny disclaims beneficial ownership of the warrants held by Z Investment, except to the extent of his pecuniary interest therein. |