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Chicos Fas Inc (CHS): Clifton Robbins Sells Over 2 Million Shares as Stock Surges

Published on March 9, 2016 at 10:03 pm by Meena Krishnamsetty in Hedge Funds, News
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Clifton Robbins‘ Blue Harbour Group has been selling some of its shares of Chico’s FAS, Inc. (NYSE:CHS) this month according to a new 13D filing. With shares of the company up by about 20% year-to-date, Mr. Robbins’ firm has taken the opportunity to cash out of some of its sizable stake, reducing it to 5.76 million shares, down from 8.20 million shares held at the end of 2015. The shares were all sold in March, shortly after they spiked on February 25 following the company’s latest quarterly financial results. Blue Harbour’s ownership of Chico’s FAS has now fallen below 5%, to 4.3% of the company’s outstanding stock.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Blue Harbour Group 0 5,758,397 0 5,758,397 5,758,397 4.3%
Blue Harbour Holdings 0 5,758,397 0 5,758,397 5,758,397 4.3%
Clifton S. Robbins 0 5,758,397 0 5,758,397 5,758,397 4.3%

Follow Clifton S. Robbins's Blue Harbour Group

Page 1 of 7 SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Chico’s FAS,
Inc.
(Name of Issuer)

Common Stock,
par value $0.01 per share
(Title of Class of Securities)

168615102
(CUSIP Number)

Lauren Taylor Wolfe

Blue Harbour Group, LP

646 Steamboat Road

Greenwich, Connecticut 06830

(203) 422-6540

with a copy to:

Marc Weingarten

Schulte Roth & Zabel LLP

919 Third Avenue

New York, New York 10022

(212) 756-2000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

March 7,
2016
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule
13d-1(f) or Rule 13d-1(g), check the following box. [ ]

(Page 1 of 7 Pages)

______________________________

* 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 disclosures provided in a prior cover page.

The information required on 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).

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