-----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, Uf3p4o7DD36vd1tjda+uV5el/maOOncIpSKqaEU4ufHJo/xG/uUFICbwI7YGslK6 TMpcELZ92RkqojPvt9FM3w== 0001005477-01-000303.txt : 20010123 0001005477-01-000303.hdr.sgml : 20010123 ACCESSION NUMBER: 0001005477-01-000303 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010118 GROUP MEMBERS: JAMES SCHAINUCK GROUP MEMBERS: JEWEL GP, LLC GROUP MEMBERS: JEWEL INVESTMENTS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARTY CITY CORP CENTRAL INDEX KEY: 0001005972 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 223033692 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-48035 FILM NUMBER: 1511243 BUSINESS ADDRESS: STREET 1: 450 COMMONS WAY STREET 2: BLDG C CITY: ROCKAWAY STATE: NJ ZIP: 07860 BUSINESS PHONE: 9739830888 MAIL ADDRESS: STREET 1: 400 COMMONS WAY CITY: ROCKAWAY STATE: NJ ZIP: 07866 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JEWEL INVESTMENTS LLC CENTRAL INDEX KEY: 0001132445 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 134148042 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 605 THIRD AVENUE 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10158 BUSINESS PHONE: 2124768526 MAIL ADDRESS: STREET 1: 605 THIRD AVENUE 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10158 SC 13G 1 0001.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Rule 13d-102 Under the Securities Exchange Act of 1934 (Amendment No. )* Party City Corp. - -------------------------------------------------------------------------------- (Name of Issuer) Common - -------------------------------------------------------------------------------- (Title of Class of Securities) 70214510 - -------------------------------------------------------------------------------- (CUSIP Number) Jan 1, 2001 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) 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 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). CUSIP No. 702145103 13G Page 2 of 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jewel Investments, LLC I.R.S. # 13-4148042 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 911,099 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 911,099 - -------------------------------------------------------------------------------- 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* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. 702145103 13G Page 3 of 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jewel GP, LLC I.R.S. # 13-4148040 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 824,099 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 824,099 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 824,099 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. 702145103 13G Page 4 of 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James Schainuck - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 824,099 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 911,099 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 911,099 - -------------------------------------------------------------------------------- 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 INTRODUCTORY NOTE: This Statement on Schedule 13G is the initial filing on Schedule 13G by the Reporting Persons (as defined below) pursuant to Rule 13d-1(c) (the "Schedule 13G"). The Schedule 13G is filed by (i) Jewel Investments, LLC, a New York limited liability company, which is sub-advisor to three managed accounts and, as of January 1, 2001, became the investment manager of two investment partnerships of which Jewel GP, LLC is the general partner, (ii) Jewel GP, LLC, a Delaware limited liability company, which, as of the end of December 31, 2000, became the general partner of two investment partnerships of which Jewel Investments, LLC is the investment manager, and (iii) James Schainuck, the Managing Member of Jewel Investments, LLC and Jewel GP, LLC (collectively, the "Reporting Persons"). Item 1(a) Name of Issuer Party City Corp. Item 1(b) Address of Issuer's Principal Executive Office 450 COMMONS WAY, ROCKAWAY, NJ, 07860 Item 2(a) Name of Persons Filing Jewel Investments, LLC, Jewel GP, LLC and James Schainuck Item 2(b) Address of principal business office of each Reporting Person: 605 Third Avenue, 19th Floor, New York, NY 10158 Item 2(c) Citizenship Jewel Investments, LLC is a New York limited liability company; Jewel GP, LLC is a Delaware limited liability company; and James Schainuck is a citizen of the United States. Item 2(d) Title of Class of Securities Common Stock Item 2(e) CUSIP Number 702145103 Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13-2(b) or (c), check whether the person filing is a: (a) |_| Broker of Dealer registered under Section 15 of the Act 5 (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 of 1940 (e) |_| An Investment Adviser in accordance with 13-1(b)(1)(ii)(E) (f) |_| An Employee Benefit Plan or Endowment Fund in accordance with 13d-1(b)(1)(ii)(F) (g) |_| A Parent Holding Company or Control Person in accordance with 13d-1(b)(1)(ii)(G) (h) |_| A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act (i) |_| A Church Plan that is excluded from the definition of an Investment Company under Section 3(c)(14) of the Investment Company Act of 1940 (j) |_| Group, in accordance with 13d-1(b)(1)(ii)(J) Item 4 Ownership Item 4(a) Amount Beneficially Owned Jewel Investments, LLC, as the sub-advisor to three managed accounts, beneficially owns in the aggregate 87,000 shares of Common Stock of the Issuer, and, as the investment manager of two investment partnerships of which Jewel GP, LLC is the general partner, beneficially owns in the aggregate 824,099 shares of Common Stock of the Issuer, for a total of 911,099 shares. James Schainuck is the Managing Member of Jewel Investments, LLC (and Jewel GP, LLC) and thus beneficially owns the same number of shares of Common Stock of the Issuer as does Jewel Investments, LLC. Jewel GP, LLC, as the general partner of the aforementioned two investment partnerships, beneficially owns in the aggregate 824,099 shares of the Common Stock of the Issuer. Item 4(b) Percent of Class Jewel Investments, LLC and James Schainuck each beneficially owns 7.2% of the class. Jewel GP, LLC beneficially owns, 6.5% of the class. 6 Item 4(c) Number of Shares as to which Such Person Has: i. Sole power to vote or to direct the vote: 0 ii. Shared power to vote or to direct the vote: 824,099 (Jewel GP, LLC and James Schainuck) iii. Sole power to dispose or to direct the disposition of: 0 iv. Shared power to dispose or to direct the disposition of: 911,099 099 (Jewel Investments, LLC and James Schainuck); 824,099 (Jewel GP, LLC)
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 The shares of securities as to which this Schedule is filed by the Reporting Persons in their respective capacities are owned of record by other entities, each of which has the right to receive dividends from, or the proceeds from the sale of, the securities owned by such entity. No such entity owns more than five percent of such class of securities. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Not applicable Item 8 Identification and Classification of Members of the Group Not applicable Item 9 Notice of Dissolution of Group Not applicable Item 10 Certification 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. 7 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: January 18, 2001 Jewel Investments, LLC By: /s/ James Schainuck ------------------------------------------ Name: James Schainuck Title: Managing Member 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: January 18, 2001 Jewel GP, LLC By: /s/ James Schainuck ------------------------------------------ Name: James Schainuck Title: Managing Member 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: January 18, 2001 /s/ James Schainuck ------------------------------------------ James Schainuck 8 JOINT FILING AGREEMENT The undersigned parties hereby agree that the Schedule 13G filed herewith relating to the Common Stock of Party City Corp. is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(k)1 on behalf of each such person. Date: January 18, 2001 Jewel Investments, LLC By: /s/ James Schainuck ----------------------------------------- Name: James Schainuck Title: Managing Member Jewel GP, LLC By: /s/ James Schainuck ----------------------------------------- Name: James Schainuck Title: Managing Member /s/ James Schainuck ------------------------------------------ James Schainuck -----END PRIVACY-ENHANCED MESSAGE-----