UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------------------------------------------------------
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
UNITED RENTALS, INC.
--------------------
(Name of Issuer)
Common Stock, $.01 par value per share
--------------------------------------
(Title of Class of Securities)
911363109
---------
(CUSIP Number)
December 31, 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:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
* 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 the disclosures provided in a prior cover page.
The information required in 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 ("Act") 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).
Continued on following pages
Page 1 of 13 Pages
SCHEDULE 13G
CUSIP No.: 911363109 Page 2 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
CLOVIS CAPITAL MANAGEMENT, L.P.
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
................................................................................
Number of Shares 5. Sole Voting Power None
Beneficially Owned
by Each Reporting
Person With
.........................................................
6. Shared Voting Power 300,000
.........................................................
7. Sole Dispositive Power None
.........................................................
8. Shared Dispositive Power 300,000
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
300,000
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.37% based on 81,109,020 shares outstanding as of October 20, 2006.
................................................................................
12. Type of Reporting Person:
PN; IA
SCHEDULE 13G
CUSIP No.: 911363109 Page 3 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
CLOVIS CAPITAL GROUP, LLC
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
...................... ........ ................................................
Number of Shares 5. Sole Voting Power None
Beneficially Owned
by Each Reporting
Person With
.........................................................
6. Shared Voting Power 300,000
.........................................................
7. Sole Dispositive Power None
.........................................................
8. Shared Dispositive Power 300,000
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
300,000
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.37% based on 81,109,020 shares outstanding as of October 20, 2006.
................................................................................
12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 911363109 Page 4 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
CLOVIS CAPITAL PARTNERS (CAYMAN), LTD.
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Cayman Islands
...................... ........ ................................................
Number of Shares 5. Sole Voting Power None
Beneficially Owned
by Each Reporting
Person With
.........................................................
6. Shared Voting Power 300,000
.........................................................
7. Sole Dispositive Power None
.........................................................
8. Shared Dispositive Power 300,000
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
300,000
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.37% based on 81,109,020 shares outstanding as of October 20, 2006.
................................................................................
12. Type of Reporting Person:
CO
SCHEDULE 13G
CUSIP No.: 911363109 Page 5 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
CLOVIS CAPITAL PARTNERS INSTITUTIONAL, L.P.
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
................................................................................
Number of Shares 5. Sole Voting Power None
Beneficially Owned
by Each Reporting
Person With
.........................................................
6. Shared Voting Power 300,000
.........................................................
7. Sole Dispositive Power None
.........................................................
8. Shared Dispositive Power 300,000
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
300,000
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.37% based on 81,109,020 shares outstanding as of October 20, 2006.
................................................................................
12. Type of Reporting Person:
PN
SCHEDULE 13G
CUSIP No.: 911363109 Page 6 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
CLOVIS CAPITAL PARTNERS, L.P.
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
................................................................................
Number of Shares 5. Sole Voting Power None
Beneficially Owned
by Each Reporting
Person With
.........................................................
6. Shared Voting Power 300,000
.........................................................
7. Sole Dispositive Power None
.........................................................
8. Shared Dispositive Power 300,000
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
300,000
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.37% based on 81,109,020 shares outstanding as of October 20, 2006.
................................................................................
12. Type of Reporting Person:
PN
SCHEDULE 13G
CUSIP No.: 911363109 Page 7 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
MR. MICHAEL PROBER
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
United States of America
................................................................................
Number of Shares 5. Sole Voting Power None
Beneficially Owned
by Each Reporting
Person With
.........................................................
6. Shared Voting Power 300,000
.........................................................
7. Sole Dispositive Power None
.........................................................
8. Shared Dispositive Power 300,000
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
300,000
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.37% based on 81,109,020 shares outstanding as of October 20, 2006.
................................................................................
12. Type of Reporting Person:
HC
SCHEDULE 13G
CUSIP No.: 911363109 Page 8 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
MR. SCOTT SCHER
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
United States of America
................................................................................
Number of Shares 5. Sole Voting Power None
Beneficially Owned
by Each Reporting
Person With
.........................................................
6. Shared Voting Power 300,000
.........................................................
7. Sole Dispositive Power None
.........................................................
8. Shared Dispositive Power 300,000
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
300,000
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.37% based on 81,109,020 shares outstanding as of October 20, 2006.
................................................................................
12. Type of Reporting Person:
HC
Page 9 of 13 Pages
Item 1(a) Name of Issuer:
United Rentals, Inc. (the "Issuer").
Item 1(b) Address of Issuer's Principal Executive Offices:
Five Greenwich Office Park, Greenwich, CT 06831.
Item 2(a) Name of Person Filing
This Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
i) Clovis Capital Management, L.P. ("Clovis Capital
Management");
ii) Clovis Capital Group, LLC ("Clovis Capital Group");
iii) Clovis Capital Partners (Cayman), Ltd. ("Clovis
Capital Partners (Cayman)");
iv) Clovis Capital Partners Institutional, L.P. ("Clovis
Capital Partners Institutional");
v) Clovis Capital Partners, L.P. ("Clovis Capital
Partners");
vi) Mr. Michael Prober ("Mr. Prober"); and
vii) Mr. Scott Scher ("Mr. Scher").
This Statement relates to Shares (as defined herein) held
for the accounts of Clovis Capital Partners (Cayman), Clovis Capital Partners
Institutional and Clovis Capital Partners. Clovis Capital Management is a
registered investment adviser under Section 203 of the Investment Advisers Act
of 1940, as amended, and serves as Investment Manager to each of Clovis
Capital Partners (Cayman), Clovis Capital Partners Institutional and Clovis
Capital Partners. Clovis Capital Group serves as general partner for each of
Clovis Capital Partners Institutional and Clovis Capital Partners. Mr. Prober
and Mr. Scher are portfolio managers at Clovis Capital Management with
authority to make all voting and investment decisions regarding the Shares
held for the accounts of each of Clovis Capital Partners (Cayman), Clovis
Capital Partners Institutional, and Clovis Capital Partners. Each of Mr.
Prober and Mr. Scher is a limited partner of Clovis Capital Management and is
a managing member of Clovis Capital Group.
Item 2(b). Address of Principal Business Office or, if None, Residence
The address of the principal business office of each of
Clovis Capital Management, Clovis Capital Group, Clovis Capital Partners
Institutional, Clovis Capital Partners, Mr. Prober and Mr. Scher is 640 Fifth
Avenue, 14th Floor, New York, New York 10019. The address of the principal
business office of Clovis Capital Partners (Cayman) is c/o Goldman Sachs
(Cayman) Trust, Limited, P.O. Box 896, Harbour Centre, George Town, Grand
Cayman, Cayman Islands.
Item 2(c). Citizenship
i) Clovis Capital Management is a Delaware limited
partnership;
Page 10 of 13 Pages
ii) Clovis Capital Group is a Delaware limited liability
company;
iii) Clovis Capital Partners (Cayman) is a Cayman Islands
exempted company;
iv) Clovis Capital Partners Institutional is a Delaware
limited partnership;
v) Clovis Capital Partners is a Delaware limited
partnership;
vi) Mr. Prober is a citizen of the United States of
America; and
vii) Mr. Scher is a citizen of the United States of
America.
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value per share (the "Shares").
Item 2(e). CUSIP Number:
911363109
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a) Amount Beneficially Owned:
As of February 5, 2007, each of the Reporting Persons may be
deemed to be the beneficial owner of 300,000 Shares. This number consists of:
(A) 187,717 Shares held for the account of Clovis Capital Partners (Cayman);
(B) 98,634 Shares held for the account of Clovis Capital Partners
Institutional; and (C) 13,649 Shares held for the account of Clovis Capital
Partners.
Item 4(b) Percent of Class:
The number of Shares of which each of the Reporting Persons
may be deemed to be the beneficial owner constitutes approximately 0.37% of
the total number of Shares outstanding (based upon information provided by the
Issuer in its most recently-filed quarterly report on Form 10-Q, there were
81,109,020 Shares outstanding as of October 20, 2006).
Item 4(c) Number of Shares of which such person has:
Clovis Capital Management, Clovis Capital Group, Clovis Capital Partners
(Cayman), Clovis Capital Partners Institutional, Clovis Capital Partners, Mr.
Prober and Mr. Scher:
(i) Sole power to vote or direct the vote: None
(ii) Shared power to vote or direct the vote: 300,000
(iii) Sole power to dispose or direct the disposition of: None
(iv) Shared power to dispose or direct the disposition of: 300,000
Item 5. Ownership of Five Percent or Less of a Class:
Page 11 of 13 Pages
If this statement is to be filed to report the fact that as
of the date hereof the Reporting Persons have ceased to be the beneficial
owners of more than five percent of the Shares, check the following box: [X].
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
This Item 6 is not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company:
See disclosure in Item 2(a) hereof.
Item 8. Identification and Classification of Members of the Group:
See disclosure in Item 2(a) hereof.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below, each of the Reporting Persons certifies
that, to the best of their 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.
Page 12 of 13 Pages
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.
Date: February 12, 2007 CLOVIS CAPITAL MANAGEMENT, L.P.
By: /s/ Jeffrey A. Podell
---------------------------------------
Name: Jeffrey A. Podell
Title: Chief Financial Officer
Date: February 12, 2007 CLOVIS CAPITAL GROUP, LLC
By: /s/ Jeffrey A. Podell
---------------------------------------
Name: Jeffrey A. Podell
Title: Chief Financial Officer
Date: February 12, 2007 CLOVIS CAPITAL PARTNERS (CAYMAN), LTD.
By: Clovis Capital Management, L.P.
As Investment Manager
By: /s/ Jeffrey A. Podell
---------------------------------------
Name: Jeffrey A. Podell
Title: Chief Financial Officer
Date: February 12, 2007 CLOVIS CAPITAL PARTNERS INSTITUTIONAL, L.P.
By: Clovis Capital Group, LLC
As General Partner
By: /s/ Jeffrey A. Podell
---------------------------------------
Name: Jeffrey A. Podell
Title: Chief Financial Officer
Date: February 12, 2007 CLOVIS CAPITAL PARTNERS, L.P.
By: Clovis Capital Group, LLC
As General Partner
By: /s/ Jeffrey A. Podell
---------------------------------------
Name: Jeffrey A. Podell
Title: Chief Financial Officer
Page 13 of 13 Pages
Date: February 12, 2007 MR. MICHAEL PROBER
By: /s/ Michael Prober
--------------------------------
Date: February 12, 2007 MR. SCOTT SCHER
By: /s/ Scott Scher
--------------------------------