DELIAS INC
SC 13G, 1998-02-13
CATALOG & MAIL-ORDER HOUSES
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (Amendment No. 1)*



                                  dELiA*s Inc.
                                (Name of issuer)


                     Common Stock, par value $.01 per share
                         (Title of class of securities)


                                    246885107
                                 (CUSIP number)







* 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 (the "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>



CUSIP No. 246885107



1    NAME OF REPORTING PERSON
     Robert Karetsky

     S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
                                                       (b) [ ]
     Not Applicable


3    SEC USE ONLY


4    CITIZENSHIP OR PLACE OF ORGANIZATION
     United States


               5    SOLE VOTING POWER             0
NUMBER OF
SHARES
BENEFICIALLY   6    SHARED VOTING POWER           0
OWNED BY
EACH
REPORTING      7    SOLE DISPOSITIVE POWER        0
PERSON
WITH
               8    SHARED DISPOSITIVE POWER      530,282


9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     530,282


10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
     CERTAIN SHARES*                                        [ ]
     Not Applicable


11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     4.0%


12   TYPE OF REPORTING PERSON
     IN





<PAGE>




Item 1.   Name of Issuer:

     (a)  dELiA*s Inc. (the "Company")

          Address of Issuer's Principal Executive Offices:

     (b)  435 Hudson Street
          New York, New York  10014

Item 2.   Name of Person Filing:

     (a)  Robert Karetsky

          Address of Principal Business Office or, if None,
          Residence:

     (b)  975 Park Avenue
          New York, New York  10028

          Citizenship:

     (c)  United States

          Title of Class of Securities:

     (d)  Common Stock, par value $.01 per share

          CUSIP Number:

     (e)  246885107

Item 3.   If this statement is filed pursuant to Rule 13d-1(b),  or 13d-2(b),
          check whether the person filing is a:

          Not Applicable

Item 4.   Ownership.

     (a)  530,282 shares of Common Stock, par value $.01 per share

     (b)  4.0%

     (c)
          (i)       0
          (ii)      0
          (iii)     0

          (iv)      530,282 (shares that Mr. Karetsky has the shared power
                    to dispose of under the Family Stockholders Agreement
                    (filed as Exhibit 10.4 to the Company's registration
                    statement on Form S-1 (No. 333-15153)))

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 5 percent of the class of securities, check the
          following [X].

Item 6.   Ownership of More than Five Percent on Behalf of
          Another Person.


<PAGE>

          Not Applicable

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.

          Not Applicable

Item 9.   Notice of Dissolution of Group.

          Not Applicable

Item 10.  Certification.

          Not Applicable



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 13, 1998            /s/ Robert Karetsky
                                   -------------------
                                   Robert Karetsky



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