-----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, M+txbc3ssDM627wY/Nf+PJ5gij2DviwrzZiLkbgReiE5BpBUAZrBj2eGrTcmkfhN Z2o1yysVJUZpnGJWckTZyA== 0001104659-03-016887.txt : 20030806 0001104659-03-016887.hdr.sgml : 20030806 20030806171405 ACCESSION NUMBER: 0001104659-03-016887 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030806 GROUP MEMBERS: ANDREW KARETSKY GROUP MEMBERS: ANNE KAHN GROUP MEMBERS: ARLENE EPSTEIN GROUP MEMBERS: ARTHUR BOBER GROUP MEMBERS: ELIZABETH MAY GROUP MEMBERS: GERALDINE KARESKY GROUP MEMBERS: JEFFREY KAHN GROUP MEMBERS: JENNIFER AK ANDRES GROUP MEMBERS: JOANNA BOBER GROUP MEMBERS: JUDITH GOLDMAN GROUP MEMBERS: MAXINE KAHN GROUP MEMBERS: ROBERT KARETSKY GROUP MEMBERS: ROBIN KAHN FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KAHN STEPHEN I CENTRAL INDEX KEY: 0001033303 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O DELIAS STREET 2: 435 HUDSON STREET CITY: NEW YORK STATE: NY ZIP: 10014 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DELIA S CORP CENTRAL INDEX KEY: 0001076914 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 133963754 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56857 FILM NUMBER: 03827022 BUSINESS ADDRESS: STREET 1: 435 HUDSON STREET CITY: NEW YORK STATE: NY ZIP: 10014 BUSINESS PHONE: 2128079060 MAIL ADDRESS: STREET 1: 435 HUDSON STREET CITY: NEW YORK STATE: NY ZIP: 10014 FORMER COMPANY: FORMER CONFORMED NAME: ITURF INC DATE OF NAME CHANGE: 19990115 SC 13D/A 1 a03-1956_1sc13da.htm SC 13D/A

SEC 1746
(11-02)


Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE
COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires: December 31, 2005

 

SCHEDULE 13D

Estimated average burden hours per response. . 11

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

DELIA*S CORP.

(Name of Issuer)

 

CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE

(Title of Class of Securities)

 

24688Q101

(CUSIP Number)

 

STEPHEN I. KAHN
C/O DELIA*S CORP.
435 HUDSON STREET, 5TH FL.
NEW YORK, NEW YORK  10014
(212) 807-9060
AND
JEFFREY A. HORWITZ, ESQ.
PROSKAUER ROSE LLP
1585 BROADWAY
NEW YORK, NEW YORK  10036-8299
(212) 969-3000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

July 30, 2003

 

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [     ]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 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 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. 24688Q101

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
 Stephen I. Kahn

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00,PF

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
14,221,186

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
14,221,186

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
14,221,186

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [ X ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
26.6%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

 

2



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Robert Karetsky

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
617,283

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
617,283

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
1.2%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

3



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Geraldine Karetsky

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00,PF

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
2,733,703

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
4,345,140

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,345,140

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
8.1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

4



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Robin Kahn

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X  ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
385,933

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
385,933

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

5



 

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Jeffrey Kahn

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
334,678

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
334,678

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

6



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Anne Kahn

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
339,508

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
339,508

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

7



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Andrew Karetsky

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
206,433

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
206,433

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

8



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Jennifer A.K. Andres

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
207,863

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
207,863

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

9



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Maxine Kahn

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
152,967

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
152,967

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

10



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Arlene Epstein

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
13,534

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
13,534

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

11



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Joanna Bober

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
7,532

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
7,532

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

12



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Arthur Bober

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
19,580

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
35,344

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
35,344

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

13



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Elizabeth May

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
United Kingdom

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
25,408

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
25,408

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

14



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Judith Goldman

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [    ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
00

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    [  ]

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
34,300

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
34,300

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  [  ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
Less than 1%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

15



 

This Amendment No. 3 to a Statement on Schedule 13D of the Reporting Persons amends and restates in its entirety such Schedule 13D Amendment No. 2. This Amendment No. 3 is being filed because, as described further below, certain of the Reporting Persons have agreed to tender shares of common stock of the Issuer over which the Reporting Persons have dispositive power in a third-party cash tender offer for all of the Issuer’s securities, effecting a change of the beneficial ownership of such Reporting Persons.  The Reporting Persons disclaim membership in a group for purposes of this Report.

 

This Statement on Schedule 13D (this “Statement”) relates to the Class A common stock, par value $.01 per share (the “Common Stock”), of dELiA*s Corp., a Delaware corporation formerly known as iTurf Inc. (the “Issuer”), which has its principal executive offices at 435 Hudson Street, New York, New York 10014.

 

Item 1.

Security and Issuer

 

 

Item 2.

Identity and Background

 

(a)

Name

 

(b)

Residence or business address

 

(c)

Present principal occupation or employment

 

 

Stephen I. Kahn c/o
dELiA*s Corp.
435 Hudson Street
New York, NY  10014
Chairman of the Board of Directors and Chief Executive
Officer of the Issuer

 

 

Robert Karetsky
61 Irving Place, Apartment 5C
New York, NY 10003
Educator

 

 

Geraldine Karetsky
1660 Slilverking Drive
Aspen, CO 81611
Member of the Board of Directors of the Issuer
Private Investor
Self-employed

 

 

Robin Kahn
114 Mercer Street, #9
New York, NY  10012
Fine Artist
Self-employed

 

 

Jeffrey Kahn
125 Prospect Park West, #6E
Brooklyn, NY 11215
Writer
Self-employed

 

 

Anne Kahn
137 Joralemon Street, Apartment 7
Brooklyn, NY  11201
Psychologist
Village Institute
26 West 9th Street
New York, NY 10014

 

16



 

 

 

Andrew Karetsky
21 Sky Ridge Road
Greenwich, CT
Consultant

 

 

Jennifer A.K. Andres
4203 Tuscany Court
Baltimore, MD  21213
Homemaker

 

 

Maxine Kahn
1010 Ramapo Valley Road
Mahwah, NJ 07430
Retired

 

 

Arlene Epstein
23 West Pamrapo Court
Glen Rock, NJ  07452
School Teacher
Edgewater School District
Undercliff Avenue
Edgewater, NJ

 

 

Joanna Bober
61 West 9th Street, Apartment 9D
New York, NY  10011
Writer
Self-employed

 

 

Arthur Bober
P.O. Box 305
New Vernon, NJ  07976
Retired

 

 

Elizabeth May
41 Yatesbury, NR Calne
Wiltshire SN118YG England
Pre-school Helper
Wiltshire County Council
Village Hall, Chenhill Wiltshire

 

 

Judith Goldman
525 West End Avenue, Apt. 11E
New York, NY 10024
Writer, Curator, Publisher
Self-employed

 

(d) and (e)

 

During the last five years, none of the reporting persons has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

 (f)      Citizenship

 

17



 

 

All of the reporting persons are citizens of the United States other than Elizabeth May, who is a citizen of the United Kingdom.

 

Item 3.

Source and Amount of Funds or Other Consideration

Except for the shares of Common Stock issued to the Reporting Persons pursuant to the Agreement and Plan of Merger, dated as of August 16, 2000 (the “Merger Agreement”), by and among the Issuer, iTurf Breakfast Corp., a wholly owned subsidiary of the Issuer, and dELiA*s Inc., which is incorporated herein by reference as Exhibit 1 and the shares underlying the warrants issued pursuant to the Put Option Agreement, among Stephen I. Kahn, Geraldine Karetsky, Christopher C. Edgar and Evan Guillemin dated May 12, 2003 (the “Put Option Agreement”) incorporated herein by reference as Exhibit 8, the shares of Common Stock beneficially owned by Stephen I. Kahn and Geraldine Karetsky were acquired by Mr. Kahn and Ms. Karetsky using personal funds.

 

Item 4.

Purpose of Transaction

Except as otherwise described in this Statement, the reporting persons hold their Common Stock for investment purposes and currently have no plans to acquire additional shares of Class A Common Stock.

Stephen I. Kahn and Geraldine Karetsky are each party to separate Securities Purchase Agreements (the “Securities Purchase Agreements”) between each of them and the Issuer, each dated May 12, 2003, incorporated by reference as Exhibits 5 and 6.  Pursuant to both agreements, shares of the Company’s Common Stock were sold to each of them at a price of $.37.  Pursuant to the agreements, Mr. Kahn purchased 4,054,054 shares and Ms. Karetsky purchased 2,702,703 shares.  Mr. Kahn and Ms. Karetsky are also party to a Registration Rights Agreement relating to such shares incorporated by reference as Exhibit 7.

Stephen I. Kahn and Geraldine Karetsky are parties to a Put Option Agreement, among Stephen I. Kahn, Geraldine Karetsky, Christopher C. Edgar and Evan Guillemin dated May 12, 2003 (the “Put Option Agreement”) incorporated by reference as Exhibit 8.  Pursuant to and in consideration of the Put Option Agreement, the Issuer issued a warrant to each of Stephen I. Kahn and Geraldine Karetsky, exercisable from September 1, 2003 until May 12, 2005, for the purchase of a certain number of shares of Common Stock at $.37 per share.  Mr. Kahn’s warrant grants him the option to purchase 333,333 shares of Common Stock; the warrant is incorporated by reference as Exhibit 9.  Ms. Karetsky’s warrant grants her the option to purchase 222,222 shares of Common Stock; the warrant is incorporated by reference as Exhibit 10.

On July 30, 2003, the Issuer entered into an Acquisition Agreement (the “Acquisition Agreement”) with Alloy, Inc. (“Alloy”) and Dodger Acquisition Corp. (“Merger Sub”), a wholly owned subsidiary of Alloy.  The Acquisition Agreement is incorporated herein by reference as Exhibit 11.  Pursuant to the Acquisition Agreement, as promptly as possible, but in no event later than August 6, 2003, Merger Sub shall commence an offer to purchase for cash all of the Common Stock, at a price of $0.928 per share, net to the seller in cash, subject to the tender of not less than a majority of the outstanding shares of Common Stock.  Upon the closing of the tender offer, upon the terms and subject to the conditions set forth in the Acquisition Agreement and in accordance with the General Corporation Law of the State of Delaware, Merger Sub shall be merged with and into the Issuer with the Issuer as the surviving corporation.

In connection with the execution of the Acquisition Agreement, Stephen I. Kahn and Geraldine Karetsky entered into a Tender and Stockholder Support

 

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Agreement (the “Support Agreement”) with Alloy and Merger Sub pursuant to which Mr. Kahn and Ms. Karetsky agreed, subject to certain exceptions, not to transfer their Common Stock and to tender their shares of Common Stock to Merger Sub during the tender offer period.  The Support Agreement is incorporated herein by reference as Exhibit 12.

 

Item 5.

Interest in Securities of the Issuer

(a) The reporting persons may be deemed to beneficially own an aggregate of 16,974,469 shares of Class A Common Stock (approximately 31.8% of the outstanding shares of Common Stock based on 53,438,809 shares of Common Stock of the Issuer outstanding as of July 25, 2003).

    (b) The following describes the beneficial ownership of shares of Common Stock held by the Reporting Persons:

 

 

Stephen I. Kahn:

 

 

(i)

Sole power to vote or to direct the vote – 14,221,186 shares of Class A Common Stock. Of these shares, (1) Mr. Kahn directly owns 10,049,946 shares, (2) Mr. Kahn has the sole power to vote 3,952,640 shares pursuant to the Family Stockholders Agreement (as defined below), (3) Mr. Kahn has the right to acquire through the exercise of currently exercisable options 301,563 shares, and (4) Mr. Kahn owns 218,600 shares as the sole trustee of a trust for the benefit of his minor children;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Pursuant to the Support Agreement, the Reporting person possesses the shared power to dispose or to direct the disposition of 14,221,185 shares of Common Stock. Of these shares, (1) Mr. Kahn directly owns 10,049,946 shares, (2) Mr. Kahn has the currently exercisable right to acquire through exercise of options 301,563 shares, and (3) Mr. Kahn owns 218,600 shares as the sole trustee of a trust for the benefit of his minor children.

 

 

(iv)

Sole power to dispose or direct the disposition - 0 shares.

 

 

Robert Karetsky:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 617,283 shares of Common A Stock;

 

 

(iv)

Shared power to dispose or direct the disposition - 0 shares;

 

 

Geraldine Karetsky:

 

 

(i)

Sole power to vote or to direct the vote — 2,733,703;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Pursuant to the Support Agreement, the Reporting Person possesses the shared power to dispose or to direct the disposition – 4,345,140 shares. Of these shares, (1) Ms. Karetsky owns 1,580,437 shares as trustee of the Geraldine Karetsky 2000

 

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Trust, (2) Ms. Karetsky owns 12,615 shares as trustee of The Ruth Kahn Trust f/b/o Sidney S. Kahn and (3) 31,000 that Ms. Karetsky owns as trustee for the Karetsky Family Foundation;

 

 

(iv)

Sole power to dispose or to direct the disposition- 0

 

 

Robin Kahn:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 385,933 shares of Common A Stock;

 

 

(iv)

Shared power to dispose or to direct the disposition- 0.

 

 

Jeffrey Kahn:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 334,678 shares of Common A Stock;

 

 

(iv)

Shared power to dispose or to direct the disposition - 0.

 

 

Anne Kahn:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 339,508 shares of Common A Stock;

 

 

(iv)

 Shared power to dispose or to direct the disposition - 0.

 

 

Andrew Karetsky:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 206,433 shares of Common A Stock;

 

 

(iv)

Shared power to dispose or to direct the disposition - 0.

 

 

Jennifer A.K. Andres:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 207,863 shares of Common A Stock;

 

 

(iv)

Shared power to dispose or to direct the disposition - 0.

 

 

Maxine Kahn:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 152,967 shares of Common A Stock;

 

 

(iv)

Shared power to dispose or to direct the disposition - 0.

 

 

Arlene Epstein:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 13,534 shares of Common A Stock;

 

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(iv)

Shared power to dispose or to direct the disposition - 0.

 

 

Joanna Bober:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

 (ii)

Shared power to vote or to direct the vote - 0;

 

 

 (iii)

Sole power to dispose or direct disposition - 7,532 shares of Common A Stock;

 

 

 (iv)

Shared power to dispose or to direct the disposition - 0.

 

 

Arthur Bober:

 

 

(i)

Sole power to vote or to direct the vote - 19,580, including 9,145 shares that Mr. Bober owns directly and 10,435 shares owned by his spouse;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 35,344 shares of Common A Stock;

 

 

(iv)

Shared power to dispose or to direct the disposition - 0.

 

 

Elizabeth May:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 25,408 shares of Common A Stock;

 

 

(iv)

Shared power to dispose or to direct the disposition - 0.

 

 

Judith Goldman:

 

 

(i)

Sole power to vote or to direct the vote - 0;

 

 

(ii)

Shared power to vote or to direct the vote - 0;

 

 

(iii)

Sole power to dispose or direct disposition - 34,300 shares of Common A Stock;

 

 

(iv)

Shared power to dispose or to direct the disposition - 0.

 

(c) 

The information set forth in Item 4 is hereby incorporated herein by reference.

 

(d)

Not applicable.

 

(e)

Not applicable.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

The Reporting Persons have entered into the Family Stockholders Agreement dated December 18, 1996 (the “Family Stockholders Agreement”), which is incorporated herein by reference as Exhibit 3. The Family Stockholders Agreement gives Stephen I. Kahn the right to vote all the shares of Class A Common Stock owned by the reporting persons on all matters that come before the Issuer’s stockholders. The Family Stockholders Agreement will expire on December 18, 2006.

Stephen I. Kahn is the sole trustee of a trust for the benefit of his minor children and, pursuant to the terms of the trust, has the sole right to vote and direct the disposition of the shares of Class A Common Stock owned by such trust.

 

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Geraldine Karetsky is the trustee of each of the a)Geraldine Karetsky 2000 Trust, b) The Ruth Kahn Trust f/b/o Sidney S. Kahn and c) the Karetsky Family Foundation, pursuant to the terms of such trusts, has the sole right to vote and direct the disposition of the shares of Class A Common Stock owned by such trusts.  The shares held in the trusts listed in clauses a and b above are subject to the Family Stockholders Agreement.

The information set forth in Item 4 is hereby incorporated herein by reference.

 

Item 7.

Material to Be Filed as Exhibits

 

Exhibit 1.

Agreement and Plan of Merger dated August 16, 2000, by and among iTurf, Merger Sub and Old dELiA*s (incorporated by reference to Exhibit 1 to the Initial Schedule 13D, filed December 4, 2000)

 

Exhibit 2.

Amendment dated October 12, 2000 to Agreement and Plan of Merger dated August 16, 2000, by and among iTurf, Merger Sub and Old dELiA*s (incorporated by reference to Exhibit 2 to the Initial Schedule 13D, filed December 4, 2000)

 

Exhibit 3.

Form of Family Stockholders Agreement among Old dELiA*s, Stephen I. Kahn and the persons listed on Exhibit A thereto (incorporated by reference to Exhibit 3 to the Initial Schedule 13D, filed December 4, 2000)

 

Exhibit 4.

Power of Attorney (incorporated by reference to Exhibit 4 to the Initial Schedule 13D, filed December 4, 2000)

 

Exhibit 5.

Securities Purchase Agreement between Stephen I. Kahn and the Issuer, dated May 12, 2003 (incorporated by reference to Amendment No. 2 of the Schedule 13D, filed May 15, 2003)

 

Exhibit 6.

Securities Purchase Agreement between Geraldine Karetsky and the Issuer, dated May 12, 2003 (incorporated by reference to Amendment No. 2 of the Schedule 13D, filed May 15, 2003)

 

Exhibit 7.

Registration Rights Agreement among Stephen I. Kahn, Geraldine Karetsky, Christopher C. Edgar and Evan Guillemin and the Issuer, dated May 12, 2003 (incorporated by reference to Amendment No. 2 of the Schedule 13D, filed May 15, 2003)

 

Exhibit 8.

Put Option Agreement among Stephen I. Kahn, Geraldine Karetsky, Christopher C. Edgar and Evan Guillemin and the Issuer, dated May 12, 2003 (incorporated by reference to Amendment No. 2 of the Schedule 13D, filed May 15, 2003)

 

Exhibit 9.

Warrant issued from the Issuer to Stephen I. Kahn, dated May 12, 2003 (incorporated by reference to Amendment No. 2 of the Schedule 13D, filed May 15, 2003)

 

Exhibit 10.

Warrant issued from the Issuer to Geraldine Karetsky, dated May 12, 2003 (incorporated by reference to Amendment No. 2 of the Schedule 13D, filed May 15, 2003)

 

Exhibit 11.

Acquisition Agreement, by and among dELiA*s, Alloy and the Merger Sub, dated July 30, 2003 (incorporated by reference to Exhibit 2.1 of Form 8-K of Alloy filed July 31, 2003)

 

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Exhibit 12.

Tender and Stockholders Support Agreement by and among Alloy, the Merger Sub, Stephen I. Kahn and Geraldine Karetsky, dated July 30, 2003 (incorporated by reference to Exhibit 2.2 of Form 8-K of dELiA*s filed August 4, 2003)

 

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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.

 

August 5, 2003

 

Date

 


/s/ Stephen I. Kahn

 

Signature

 


Stephen I. Kahn, individually and as attorney-in-fact for each of the other reporting persons

 

Name/Title

 

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