-----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, Lfj6E8VgvREI6/neL/9VFunEJUT7JBSpo7JmQOZPFgFNDys14nwuluoJgU1lFgwS ppI68Sv6O84VNVtm9ULZ1A== 0000940180-97-000192.txt : 19970228 0000940180-97-000192.hdr.sgml : 19970228 ACCESSION NUMBER: 0000940180-97-000192 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970227 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: 0128 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41525 FILM NUMBER: 97544929 BUSINESS ADDRESS: STREET 1: 64 FAIRBANKS CITY: IRVINE STATE: CA ZIP: 92718 BUSINESS PHONE: 7145839029 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ZWEIG DIMENNA PARTNERS L P CENTRAL INDEX KEY: 0000740450 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133185100 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 900 THIRD AVENUE STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127559860 MAIL ADDRESS: STREET 1: 900 THIRD AVENUE STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 AMENDMENT #2 TO SCHEDULE 13D --------------------------- 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 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* THE WET SEAL, Inc. ------------------------------------------------------------- (Name of Issuer) Class A Common Stock --------------------------------------------------- (Title of Class of Securities) 961840105 ----------------------------------------- (CUSIP Number) Stuart Panish, c/o Zweig-DiMenna Associates LLC, 900 Third Avenue, New York, New York 10022 (212) 755-9860 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 25, 1997 ------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. Check the following box if a fee is being paid with this statement [_]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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). SCHEDULE 13D CUSIP NO. 961840105 Page 2 of __ Pages 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Zweig-DiMenna Special Opportunities, L.P., Zweig-DiMenna International Limited Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account Gotham Advisors, Inc., on behalf of a discretionary account Zweig/Glaser Advisers, on behalf of discretionary accounts 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Zweig-DiMenna Special Opportunities, L.P. - Delaware; Zweig-DiMenna International Limited - British Virgin Islands Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account - Delaware Gotham Advisors, Inc., on behalf of a discretionary account - Delaware Zweig/Glaser Advisers, on behalf of discretionary accounts - New York NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER Zweig-DiMenna Special Opportunities, L.P. - 66,900; Zweig-DiMenna International Limited - 258,500 Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account - 57,400 Gotham Advisors, Inc., on behalf of a discretionary account - 33,700 Zweig/Glaser Advisers, on behalf of discretionary accounts - 28,900 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER Zweig-DiMenna Special Opportunities, L.P. - 66,900; Zweig-DiMenna International Limited - 258,500 Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account - 57,400 Gotham Advisors, Inc., on behalf of a discretionary account - 33,700 Zweig/Glaser Advisers, on behalf of discretionary accounts - 28,900 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Zweig-DiMenna Special Opportunities, L.P. - 66,900; Zweig-DiMenna International Limited - 258,500 Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account - 57,400 Gotham Advisors, Inc., on behalf of a discretionary account - 33,700 Zweig/Glaser Advisers, on behalf of discretionary accounts - 28,900 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 INCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 Total - 4.2% Zweig-DiMenna Special Opportunities, L.P. - 0.6%; Zweig-DiMenna International Limited - 2.4% Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account - 0.6% Gotham Advisors, Inc., on behalf of a discretionary account - 0.3% Zweig/Glaser Advisers, on behalf of discretionary accounts - 0.3% 14 TYPE OF REPORTING PERSON* Zweig-DiMenna Special Opportunities, L.P. - PN Zweig-DiMenna International Limited - CO Zweig-DiMenna International Managers, Inc. - CO Gotham Advisors, Inc. - CO Zweig/Glaser Advisers - PN SCHEDULE 13D - AMENDMENT NO. 2 Zweig-DiMenna International Limited, Zweig-DiMenna Special Opportunities, L.P., Zweig-DiMenna International Managers, Inc., Gotham Advisors, Inc. and Zweig/Glaser Advisers hereby amend the Schedule 13D, filed with respect to shares of class A common stock, par value $.10 per share ("Shares") of The Wet Seal, Inc. (the "Company"). ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS The first sentence of Item 3 is amended to read as follows: "The securities of The Wet Seal, Inc. were purchased at an aggregate cost of $8,010,332 with the investment capital of Zweig-DiMenna International Limited, Zweig-DiMenna Special Opportunities, L.P., the discretionary account managed by Zweig-DiMenna International Managers, Inc. (the "ZDIM Account"), the discretionary account managed by Gotham Advisors, Inc. (the "Gotham Account") and the discretionary accounts managed by Zweig/Glaser Advisers (the "Zweig/Glaser Advisers Accounts")." ITEM 5 INTEREST IN SECURITIES OF THE ISSUER The answer to Item 5 is amended to read as follows: a. Aggregate number of shares beneficially owned: Zweig-DiMenna International Limited - 258,500 Zweig-DiMenna Special Opportunities, L.P. - 66,900 ZDIM Account - 57,400 Gotham Account - 33,700 Zweig/Glaser Advisers Accounts - 28,900 Percent of class beneficially owned: Zweig-DiMenna International Limited - 2.4% Zweig-DiMenna Special Opportunities, L.P. - 0.6% ZDIM Account - 0.6% Gotham Account - 0.3% Zweig/Glaser Advisers Accounts - 0.3% b. Number of shares as to which there is sole power to vote: Zweig-DiMenna International Limited - 258,500 Zweig-DiMenna Special Opportunities, L.P. - 66,900 ZDIM Account - 57,400 Gotham Account - 33,700 Zweig/Glaser Advisers Accounts - 28,900 Number of shares as to which there is shared power to vote or to direct the vote: Zweig-DiMenna International Limited - 0 Zweig-DiMenna Special Opportunities, L.P. - 0 ZDIM Account - 0 Gotham Account - 0 Zweig/Glaser Advisers Accounts - 0 Number of shares as to which there is sole power to dispose or to direct the disposition: Zweig-DiMenna International Limited - 258,500 Zweig-DiMenna Special Opportunities, L.P. - 66,900 ZDIM Account - 57,400 Gotham Account - 33,700 Zweig/Glaser Advisers Accounts - 28,900 Number of shares as to which there is shared power to dispose or to direct the disposition: Zweig-DiMenna International Limited - 0 Zweig-DiMenna Special Opportunities, L.P. - 0 ZDIM Account - 0 Gotham Account - 0 Zweig/Glaser Advisers Accounts - 0 c. Since February 4, 1997, Zweig-DiMenna International Limited, Zweig- DiMenna Special Opportunities, L.P., the ZDIM account, the Gotham Account, and the Zweig/ Glaser Advisers Accounts (Collectively the "Investors") sold the Shares on the open market on the following dates and at the following prices and in the following amounts: ZWEIG-DIMENNA INTERNATIONAL LIMITED DATE DESCRIPTION OF SALE 2/5/97 Sold 31,100 shares at $20.4625 a share 2/10/97 Sold 12,400 shares at $22.4375 a share 2/11/97 Sold 12,400 shares at $21.75 a share 2/25/97 Sold 46,500 shares at $22.7583 a share ZWEIG-DIMENNA SPECIAL OPPORTUNITIES, L.P. DATE DESCRIPTION OF SALE 2/5/97 Sold 8,100 shares at $20.4625 a share 2/10/97 Sold 3,200 shares at $22.4375 a share 2/11/97 Sold 3,200 shares at $21.75 a share 2/25/97 Sold 12,100 shares at $22.7583 a share ZDIM ACCOUNT DATE DESCRIPTION OF SALE 2/5/97 Sold 6,900 shares at $20.4625 a share 2/10/97 Sold 2,800 shares at $22.4375 a share 2/11/97 Sold 2,800 shares at $21.75 a share 2/25/97 Sold 10,300 shares at $22.7583 a share GOTHAM ACCOUNT DATE DESCRIPTION OF SALE 2/5/97 Sold 4,000 shares at $20.4625 a share 2/10/97 Sold 1,600 shares at $22.4375 a share 2/11/97 Sold 1,600 shares at $21.75 a share 2/25/97 Sold 6,100 shares at $22.7583 a share ZWEIG/GLASER ADVISERS ACCOUNTS DATE DESCRIPTION OF SALE There were no sales during the applicable time period. d. Not Applicable e. The Investors ceased to be the beneficial owner of more than 5% of the shares of the Company on February 11, 1997. 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 25, 1997 ZWEIG-DiMENNA INTERNATIONAL LIMITED By: Zweig-DiMenna International Managers, Inc., Investment Manager By:/s/ Joseph A. DiMenna -------------------- Name: Joseph A. DiMenna Title: Executive Vice President ZWEIG-DiMENNA SPECIAL OPPORTUNITIES, L.P. By: Zweig-DiMenna Associates LLC, Managing General Partner By:/s/ Joseph A. DiMenna --------------------- Name: Joseph A. DiMenna Title: A Managing Director of Managing General Partner ZWEIG-DiMENNA INTERNATIONAL MANAGERS, INC. By:/s/ Joseph A. DiMenna --------------------- Name: Joseph A. DiMenna Title: Executive Vice President GOTHAM ADVISORS, INC. By:/s/ Joseph A. DiMenna --------------------- Name: Joseph A. DiMenna Title: Vice President ZWEIG/GLASER ADVISERS By:/s/ Marc Baltuch ---------------- Name: Marc Baltuch Title: First Vice President -----END PRIVACY-ENHANCED MESSAGE-----