-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Afl0gEqXV+aWlC+/erzlHu9HzG+oM+t55GCkOZ8rMFwMa2spIXgAkkZGItrqSPWh IGZlfAdZE8Li+8hDVpgUKQ== 0000910680-99-000055.txt : 19990215 0000910680-99-000055.hdr.sgml : 19990215 ACCESSION NUMBER: 0000910680-99-000055 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KASPER A S L LTD CENTRAL INDEX KEY: 0001037067 STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330] IRS NUMBER: 223497645 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-51155 FILM NUMBER: 99537412 BUSINESS ADDRESS: STREET 1: 77 METRO WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 BUSINESS PHONE: 2018640328 MAIL ADDRESS: STREET 1: 77 METRO WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 FORMER COMPANY: FORMER CONFORMED NAME: SASSCO FASHIONS LTD /DE/ DATE OF NAME CHANGE: 19970714 FORMER COMPANY: FORMER CONFORMED NAME: SASSCO FASHIONS LTD DATE OF NAME CHANGE: 19970402 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEVINE ARTHUR S CENTRAL INDEX KEY: 0001079440 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: KASPER A S L LTD STREET 2: 77 METRO WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 BUSINESS PHONE: 2018640323 SC 13G 1 SCHEDULE 13G -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: December 31, 1997 Estimated average burden hours per response...14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b),(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) Kasper A.S.L., Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 485808-10-9 ------------------------------------ (CUSIP Number) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] 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 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). SEC 1745 (2-95) Page 1 of 5 pages 13G CUSIP No. 485808-10-9 Page 2 of 5 Pages ------------ --- --- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Arthur S. Levine 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] N/A 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 527,371 OWNED BY EACH REPORTING PERSON WITH 6 SHARED VOTING POWER 7 SOLE DISPOSITIVE POWER 527,371 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 527,371 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.2% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! SEC 1745 (2-95) Page 2 of 5 pages 13G CUSIP No. 45808-10-9 Page 3 of 5 Pages ------------ --- --- Item 1(a). Name of Issuer: Kasper A.S.L., Ltd. (the "Company") Item 1(b). Address of Issuer's Principal Executive Offices: 77 Metro Way Secaucus, NJ 07094 Item 2(a). Name of Person Filing: Arthur S. Levine Item 2(b). Address of Principal Business Office or, if None, Residence: c/o Kasper A.S.L., Ltd. 77 Metro Way Secaucus, NJ 07094 Item 2(c). Citizenship: United States Item 2(d). Title of Class of Securities: Common Stock, $.01 par value Item 2(e). CUSIP Number: 485808-10-9 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Not Applicable SEC 1745 (2-95) Page 3 of 5 pages 13G CUSIP No. 485808-10-9 Page 4 of 5 Pages ----------- --- --- Item 4. Ownership. As of December 31, 1998: (a) Amount beneficially owned: 527,371 shares of Common Stock. Includes (i) 6,254 shares of Common Stock held for the benefit of Mr. Levine as a creditor of the Company in connection with the plan of reorganization of a predecessor company; (ii) 25,016 shares of Common Stock held by Alco Design Associates, Inc., a company owned solely by Mr. Levine; and (iii) 496,101 shares of Common Stock issuable upon exercise of currently exercisable options granted under the Company's 1997 Management Stock Option Plan. (b) Percent of class: 7.2% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 527,371 (ii) Shared power to vote or direct the vote: (iii) Sole power to dispose or direct the disposition of: 527,371 (iv) Shared power to dispose or direct the disposition of: Item 5. Ownership of Five Percent or Less of a Class. Not Applicable 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. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable SEC 1745 (2-95) Page 4 of 5 pages 13G CUSIP No. 485808-10-9 Page 5 of 5 Pages ----------- --- --- Item 10. Certification. Not Applicable 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. Dated: February 9, 1999 /s/ Arthur S. Levine -------------------------- Arthur S. Levine SEC 1745 (2-95) Page 5 of 5 pages -----END PRIVACY-ENHANCED MESSAGE-----