-----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, OQOmfrF3/HjzeMiVEWQIPT18gsKVNfAS0QI1XhG7HC3vdO+zBqHHSnaUnv6ZVKb0 IW+cZpVO6QJDmzynTVx0eA== 0000950152-98-000961.txt : 19980212 0000950152-98-000961.hdr.sgml : 19980212 ACCESSION NUMBER: 0000950152-98-000961 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980211 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VALUE CITY DEPARTMENT STORES INC /OH CENTRAL INDEX KEY: 0000874444 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 311322832 STATE OF INCORPORATION: OH FISCAL YEAR END: 0803 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-42110 FILM NUMBER: 98532345 BUSINESS ADDRESS: STREET 1: 3241 WESTERVILLE RD CITY: COLUMBUS STATE: OH ZIP: 43224 BUSINESS PHONE: 6144714722 MAIL ADDRESS: STREET 1: 3241 WESTERVILLE RD CITY: COLUMBUS STATE: OH ZIP: 43224 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCHOTTENSTEIN JAY L CENTRAL INDEX KEY: 0001031000 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 228526873 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1800 MOLER ROAD CITY: COLUMBUS STATE: OH ZIP: 43207 BUSINESS PHONE: 6144494281 SC 13G/A 1 VALUE CITY DEPT. STORES/JAY SCHOTTENSTEIN/AMEND.#5 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 5)* Value City Department Stores, Inc. ----------------------------------------------------------------------------- (Name of Issuer) Common Shares, Without Par Value ----------------------------------------------------------------------------- (Title of Class of Securities) 920387 10 7 ----------------------------------------------------------------------------- (Cusip Number) Check the following 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.) *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). Page 1 of 7 2 13G CUSIP NO. 920387 10 7 PAGE 3 OF 7 PAGES - ----------------------------------------------------------------------------------------------------------- | 1 | NAME OF REPORTING PERSON | | | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | Jay L. Schottenstein | | | ###-##-#### | |-----|---------------------------------------------------------------------------------------------------| | 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 | |-------------------------------|-------|-----------------------------------------------------------------| | NUMBER OF | 5 | SOLE VOTING POWER | | | | | | SHARES | | 130,618 Shares | | |-------|-----------------------------------------------------------------| | BENEFICIALLY | 6 | SHARED VOTING POWER | | | | | | OWNED BY | | 21,962,779 Shares | | |-------|-----------------------------------------------------------------| | EACH | 7 | SOLE DISPOSITIVE POWER | | | | | | REPORTING | | 130,618 Shares | | | | | | PERSON |-------|-----------------------------------------------------------------| | | 8 | SHARED DISPOSITIVE POWER | | WITH | | | | | | 21,962,779 Shares | |-------------------------------|-------|-----------------------------------------------------------------| | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | | | | 22,093,397 Shares | |-----|---------------------------------------------------------------------------------------------------| | 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN | | | SHARES* | | | Mr. Schottenstein expressly disclaims beneficial ownership of 359,445 shares held by | | | E1-An Foundation and 1,312,500 shares held by GB Stores. | |-----|---------------------------------------------------------------------------------------------------| | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | | | | | 68.74% | |-----|---------------------------------------------------------------------------------------------------| | 12 | TYPE OF REPORTING PERSON* | | | | | | IN | - -----------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT 3 CUSIP No. 920387 10 7 SCHEDULE 13G ITEM 1(a) NAME OF ISSUER: Value City Department Stores, Inc. ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 3241 Westerville Road, Columbus, Ohio 43224 ITEM 2(a) NAME OF PERSON(S) FILING: (i) Schottenstein Stores Corporation (ii) Jay L. Schottenstein ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE: 1800 Moler Road, Columbus, Ohio 43207 ITEM 2(c) CITIZENSHIP: (i) Schottenstein Stores Corporation is a Delaware corporation. (ii) Jay Schottenstein is a United States citizen. ITEM 2(d) TITLE OF CLASS OF SECURITIES: Common Shares ITEM 2(e) CUSIP NUMBER: 920387 10 7 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS: Not applicable. ITEM 4. OWNERSHIP (a) AMOUNT BENEFICIALLY OWNED: 22,093,397 shares (b) Percent of Class: 68.74% (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: (A) 124,000 shares are subject to presently exercisable stock options held by Mr. Schottenstein. Schottenstein Stores Corporation expressly disclaims beneficial ownership of such 124,000 shares. Page 4 of 7 4 CUSIP No. 920387 10 7 (B) 6,618 shares are held by Mr. Schottenstein in his 401(k) Plan. (C) Schottenstein Stores Corporation has sole power to vote 20,290,834 shares. Mr. Schottenstein is a director and Chief Executive Officer of Schottenstein Stores Corporation and has sole power to vote and dispose of shares of Schottenstein Stores Corporation held by various trusts. (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: (A) Mr. Schottenstein, as co-trustee of El-An Foundation, shares the power to vote 359,445 shares. Mr. Schottenstein and Schottenstein Stores Corporation expressly disclaim beneficial ownership of all such shares. (B) Mr. Schottenstein, as Chairman of the Board, President, and a director of Glosser Brothers Acquisition, Inc., General Partner of GB Stores, shares the power to vote 1,312,500 shares owned by GB Stores, a Pennsylvania limited partnership. Mr. Schottenstein and Schottenstein Stores Corporation expressly disclaim beneficial ownership of all such shares. (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: (A) 124,000 shares are subject to presently exercisable stock options held by Mr. Schottenstein. Schottenstein Stores Corporation expressly disclaims beneficial ownership of such 124,000 shares. (B) 6,618 shares are held by Mr. Schottenstein in his 401(k) Plan. (C) Schottenstein Stores Corporation has sole power to dispose of 20,290,834 shares. Mr. Schottenstein is a director and Chief Executive Officer of Schottenstein Stores Corporation and has sole power to vote and dispose of shares of Schottenstein Stores Corporation held by various trusts. (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: (A) Mr. Schottenstein, as co-trustee of El-An Foundation, shares the power to dispose of 359,445 shares. Mr. Schottenstein and Page 5 of 7 5 CUSIP No. 920387 10 7 Schottenstein Stores Corporation expressly disclaim beneficial ownership of all such shares. (B) Mr. Schottenstein as Chairman of the Board, President, and a director of Glosser Brothers Acquisition, Inc., General Partner of GB Stores, shares the power to dispose of 1,312,500 shares owned by GB Stores, a Pennsylvania limited partnership. Mr. Schottenstein and Schottenstein Stores expressly disclaim beneficial ownership of all such shares. 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 El-An Foundation has the right to receive dividends and the proceeds from the sale of 359,445 shares. GB Stores has the right to receive dividends and the proceeds from the sale of 1,312,500 shares. Neither El-An Foundation's shareholdings nor GB Stores' shareholdings represent more than 5 percent of the outstanding common shares of Value City Department Stores, Inc. 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 Schottenstein Stores Corporation, an Ohio corporation, is record and beneficial owner of 20,290,834 shares of the common shares of Value City Department Stores, Inc. Jay L. Schottenstein is the Chairman of the Board and Chief Executive Officer of Schottenstein Stores Corporation and has sole voting and investment power over 78.4% of the outstanding shares of Schottenstein Stores Corporation pursuant to irrevocable trusts for family members as to which Mr. Schottenstein is trustee. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. Page 6 of 7 6 CUSIP No. 920387 10 7 ITEM 10. CERTIFICATION Not applicable. 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. SCHOTTENSTEIN STORES CORPORATION Date: February 4, 1998 By: /s/ Thomas R. Ketteler ---------------------------- Thomas R. Ketteler, Vice President Date: February 4, 1998 /s/ Jay L. Schottenstein --------------------------- Jay L. Schottenstein Page 7 of 7 -----END PRIVACY-ENHANCED MESSAGE-----