SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Heartland Partners, L.P.
(Name of Issuer)
Class A Limited Partners Units
(Title of Class of Securities)
422357103
(CUSIP Number)
June 13, 2006
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. .............................................................422357103
1) Name of Reporting Person.......................Lehman Brothers Holdings Inc.
S.S. or I.R.S. Identification No. of Above Person................13-3216325
2) Check the Appropriate Box if a Member of a Group.................(a) [ ]
(b) [ ]
3) SEC Use Only
4) Citizenship or Place of Organization...............................Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:
5) Sole Voting Power...................................................187,400
6) Shared Voting Power.....................................................-0-
7) Sole Dispositive Power..............................................187,400
8) Shared Dispositive Power................................................-0-
9) Aggregate Amount Beneficially Owned by Each Reporting Person........187,400
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares......[ ]
11) Percent of Class Represented by Amount in Row 9.......................8.96%
12) Type of Reporting Person.................................................HC
CUSIP No. .............................................................422357103
1) Name of Reporting Person................................Lehman Brothers Inc.
S.S. or I.R.S. Identification No. of Above Person................13-2518466
2) Check the Appropriate Box if a Member of a Group.................(a) [ ]
(b) [ ]
3) SEC Use Only
4) Citizenship or Place of Organization..............................Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:
5) Sole Voting Power..................................................187,400
6) Shared Voting Power.....................................................-0-
7) Sole Dispositive Power.............................................187,400
8) Shared Dispositive Power................................................-0-
9) Aggregate Amount Beneficially Owned by Each Reporting Person.......187,400
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares......[ ]
11) Percent of Class Represented by Amount in Row 9.......................8.96%
12) Type of Reporting Person.................................................BD
Item 1(a). Name of Issuer:
Heartland Partners, L.P.
Item 1(b). Address of Issuer's Principal Executive Offices:
53 West Jackson Boulevard
Suite 1150
Chicago, IL 60604
Item 2(a). Name of Person(s) Filing:
Lehman Brothers Holdings Inc.
Lehman Brothers Inc.
Item 2(b). Address of Principal Business Office:
Lehman Brothers Holdings Inc.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers Inc.
745 Seventh Avenue
New York, New York 10019
Item 2(c). Citizenship or Place of Organization:
Lehman Brothers Holdings Inc. ("Holdings") is a corporation
organized under the laws of the State of Delaware.
Lehman Brothers Inc. ("LBI") is a corporation organized under
the laws of the State of Delaware.
Item 2(d). Title of Class of Securities:
Class A Limited Partners Units
Item 2(e). CUSIP Number:
422357103
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] A broker or dealer under Section 15 of the 1934 Act
(b) [ ] A bank as defined in Section 3(a)(6) of the 1934 Act
(c) [ ] An insurance company as defined in Section 3(a)(19) of the
1934 Act
(d) [ ] An investment company registered under Section 8 of the
Investment Company Act of 1940
(e) [ ] An investment advisor 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) [X] 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
investment company under Section 3(c)(14)Of the Investment
Company Act of 1940
(j) [ ] A group, in accordance with Rule 13d-1(b)(1)(ii)(J)
Item 4. Ownership
(a) Amount Beneficially Owned
See Item 9 of cover page.
(b) Percent of Class:
See Item 11 of cover page.
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition
(iv) shared power to dispose or to direct the disposition
See Items 5-8 of cover page.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
On June 13, 2006 the American Stock Exchange filed a Form 25
with the Securities and Exchange Commission to de-list the
Issuer's Class A Limited Partners Units. The Issuer did not
oppose the de-listing, which is now effective.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security being Reported on by the Parent Holding Company or
Control Person
The relevant subsidiary is LBI, a Broker/Dealer registered
under Section 15 of the 1934 Act.
LBI is the actual owner of all of the Class A Limited Partners
Units reported herein.
Under the rules and regulations of the Securities and Exchange
Commission, Holdings may be deemed to be the beneficial owner
of the Class A Limited Partners Units owned by LBI.
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
[X] By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the
ordinary course of business and 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.
[ ] By signing below I hereby 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.
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned hereby certifies that the information set forth in this
statement is true, complete and correct.
Dated: September 25, 2006
LEHMAN BROTHERS HOLDINGS INC.
By: /s/ Rashid Alvi
Name: Rashid Alvi
Title: Vice President
LEHMAN BROTHERS INC.
By: /s/ Rashid Alvi
Name: Rashid Alvi
Title:Vice President
EXHIBIT A - JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G filed
herewith (and any amendments thereto), is being filed jointly with the
Securities and Exchange Commission pursuant to Rule 13d-1(k) (1) under the
Securities Exchange Act of 1934, as amended, on behalf of each such person.
Dated: September 25, 2006
LEHMAN BROTHERS HOLDINGS INC.
By: /s/ Rashid Alvi
Name: Rashid Alvi
Title: Vice President
LEHMAN BROTHERS INC.
By: /s/ Rashid Alvi
Name: Rashid Alvi
Title:Vice President