-----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, HSdj9navo3w//r8gA+syfYKZm4SvIhlrlcqVssd/mn1nnt7HWE3ktNlpB8B86mZb JuPdU3oEE/LF1W4rLnBknA== 0000919574-98-000841.txt : 19980925 0000919574-98-000841.hdr.sgml : 19980925 ACCESSION NUMBER: 0000919574-98-000841 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980923 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WET SEAL INC CENTRAL INDEX KEY: 0000863456 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-WOMEN'S CLOTHING STORES [5621] IRS NUMBER: 330415940 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-41525 FILM NUMBER: 98713713 BUSINESS ADDRESS: STREET 1: 26972 BURBANK CITY: FOOTHILL RANCH STATE: CA ZIP: 92610 BUSINESS PHONE: 7145839029 MAIL ADDRESS: STREET 1: 26972 BURBANK CITY: FOOTHILL RANCH STATE: CA ZIP: 92610 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DRILL CRAIG A CENTRAL INDEX KEY: 0001035896 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10153 MAIL ADDRESS: STREET 1: 767 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10153 SC 13G/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Amendment No.: 1 Name of Issuer: Wet Seal, Inc. Title of Class of Securities: Class A Common Stock, $0.10 par value CUSIP Number: 961840105 (Date of Event Which Requires Filing of this Statement) September 15, 1998 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). CUSIP Number: 961840105 1. Name of Reporting Person I.R.S. Identification No. of Above Person Craig A. Drill 2. Check the Appropriate Box if a Member of a Group a. b. X 3. SEC Use Only 4. Citizenship or Place of Organization United States Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power: 6. Shared Voting Power: 0 7. Sole Dispositive Power: 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 0 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares -2- 11. Percent of Class Represented by Amount in Row (9) 0% 12. Type of Reporting Person IN -3- CUSIP Number: 961840105 1. Name of Reporting Person I.R.S. Identification No. of Above Person Craig Drill Capital, L.L.C. 2. Check the Appropriate Box if a Member of a Group a. b. X 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: 6. Shared Voting Power: 0 7. Sole Dispositive Power: 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 0 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares -4- 11. Percent of Class Represented by Amount in Row (9) 0% 12. Type of Reporting Person CO -5- CUSIP Number: 961840105 1. Name of Reporting Person I.R.S. Identification No. of Above Person Craig Drill Capital, L.P. 2. Check the Appropriate Box if a Member of a Group a. b. X 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: 6. Shared Voting Power: 0 7. Sole Dispositive Power: 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 0 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares -6- 11. Percent of Class Represented by Amount in Row (9) 0% 12. Type of Reporting Person PN -7- Item 1(a) Name of Issuer: Wet Seal, Inc. (b) Address of Issuer's Principal Executive Offices: 26972 Burbank Foothill Ranch, California 92610 Item 2(a) - (c). Name, Principal Business Address, and Citizenship of Persons Filing: Craig A. Drill Craig Drill Capital, L.L.C. Craig Drill Capital, L.P. 767 Fifth Avenue New York, New York 10153 Craig A. Drill - United States citizen Craig Drill Capital, L.L.C. - Delaware limited liability company Craig Drill Capital, L.P. - Delaware limited partnership (d) Title of Class of Securities: Class A Common Stock, $.10 par value (e) CUSIP Number: 961840105 Item 3. If this statement is filed pursuant to Rule 13d-1(b)(1) or 13d-2(b) or (c) check whether the person filing is: (a) / / Broker or dealer registered under Section 15 of the Act, (b) / / Bank as defined in Section 3(a)(6) of the Act, (c) / / Insurance Company as defined in Section 3(a)(19) of the Act, (d) / / Investment Company registered under Section 8 of the Investment Company Act, (e) / / Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) / / Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee -8- Retirement Income Security Act of 1974 or Endowment Fund, (g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G), (h) / / Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) / / Church plan excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act, (j) / / Group, in accordance with Rule 13d- 1(b)(1)(ii)(H). If this statement is filed pursuant to Rule 13d-1(c), check this box. /X/ Item 4. Ownership. (a) Amount Beneficially Owned: Craig A. Drill, Craig Drill Capital, L.L.C. and Craig Drill Capital, L.P. - 0 (b) Percent of Class: Craig A. Drill, Craig Drill Capital, L.L.C. and Craig Drill Capital, L.P. - 0% (c) Craig A. Drill, Craig Drill Capital, L.L.C. and Craig Drill Capital, L.P. - 0 shares with shared power to vote or to direct the vote; 0 shares with sole power to vote or to direct the vote; 0 shares with shared power to dispose or to direct the disposition of; 0 shares with the sole power to dispose or to direct the disposition of 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. /X/ -9- Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported by the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of the Group. N/A -10- Item 10. Certification for Rule 13d-1(c): By signing below I 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 my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. September 23, 1998 __________________ Date /s/ Craig A. Drill Craig A. Drill CRAIG DRILL CAPITAL, L.L.C. By:/s/ Craig A. Drill Craig A. Drill Managing Member CRAIG DRILL CAPITAL L.P. By: Craig Drill Capital, L.L.C., its general partner By:/s/ Craig A. Drill Craig A. Drill Managing Member -11- Exhibit A AGREEMENT The undersigned agree that this Schedule 13G dated September 23, 1998 relating to the Common Stock of Wet Seal, Inc. shall be filed on behalf of the undersigned. /s/ Craig A. Drill Craig A. Drill CRAIG DRILL CAPITAL L.L.C. By:/s/ Craig A. Drill Craig A. Drill Managing Member CRAIG DRILL CAPITAL L.P. By: Craig Drill Capital, L.L.C., its general partner By:/s/ Craig A. Drill Craig A. Drill Managing Member -12- 19690000.AP5 -----END PRIVACY-ENHANCED MESSAGE-----