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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
WET SEAL, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
961840 10 5
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(CUSIP Number)
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.)
*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).
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CUSIP NO. 961840 10 5 13G Page 2 of 7 Pages
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The First National Bank of Chicago 36-0899825
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [x]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
-0-
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
-0-
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
BK
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CUSIP No. 961840 10 5 13G Page 3 of 7 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Chicago Corporation 36-2669970
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [x]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
None except indirectly through one or more subsidiaries as reported
herein. See Item 4.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO HC
- ------------------------------------------------------------------------------
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Item 1(a). Name of Issuer:
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Wet Seal, Inc. (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices:
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64 Fairbanks
Irvine, California 92718
Item 2(a). Name of Person Filing:
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First Chicago Corporation ("FCC") is filing this statement on
behalf of itself and its wholly-owned subsidiary, The First
National Bank of Chicago ("FNBC"). Exhibit A attached hereto
contains the agreement of FCC and FNBC to file joint disclosure
statements on Schedule 13G.
Item 2(b). Address of Principal Business Office:
------------------------------------
For FCC and FNBC:
One First National Plaza
Chicago, Illinois 60670
Item 2(c). Citizenship:
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FNBC is a national banking association organized under the laws of
the United States. FCC is a corporation organized under the laws
of the State of Delaware.
Item 2(d). Title of Class of Securities:
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Common Stock (the "Common")
Item 2(e). CUSIP Number
------------
961840 10 5
Item 3. Type of Person Filing:
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(b) FNBC is a Bank as defined in section 3(a)(6) of the Act.
(g) FCC is a Parent Holding Company in accordance with
(S)240.13d-1(b)(ii)(G).
Item 4. Ownership:
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(a)-(b) FCC may be deemed beneficially to own shares of Common
solely through its ownership of FNBC. FNBC no longer holds in a
fiduciary capacity any shares of Common Stock of the Company.
Accordingly, FNBC and FCC may no longer be deemed to be Reporting
Persons for purposes of Regulation 13D-G.
(c) See items 5 through 9 and item 11 on pages two and three
hereof.
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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:
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Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported On by the Parent Holding Company:
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See Items 2(a) and 3.
Item 8. Identification and Classification of Member of the Group:
--------------------------------------------------------
Not applicable.
Item 9. Notice of Dissolution of Group:
------------------------------
Not applicable.
Item 10. Certification:
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
Disclaimer
- ----------
First Chicago Corporation expressly declares that the filing of this
statement shall not be construed as an admission that First Chicago Corporation,
is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of
1934, the beneficial owner of any securities covered by this statement.
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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.
Date: February 11, 1994
THE FIRST NATIONAL BANK OF CHICAGO
/s/ David P. Bolger
By: _______________________
David P. Bolger
Senior Vice President
FIRST CHICAGO CORPORATION
/s/ David P. Bolger
By: _______________________
David P. Bolger
Senior Vice President and
Treasurer
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EXHIBIT A
AGREEMENT
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The undersigned hereby agree, pursuant to (S)240.13d-1(f)(1), that the
statement on Schedule 13G (including all amendments thereto) to which this
Agreement is attached is to be filed on behalf of each of the undersigned and
that First Chicago Corporation may file a Schedule 13G pursuant to Rule 13d-1
under the Securities Exchange Act of 1934, and all amendments to such Schedule,
with respect to shares of Common Stock of Wet Seal, Inc.
Date: February 11, 1994
THE FIRST NATIONAL BANK OF CHICAGO
/s/ David P. Bolger
By: _______________________
David P. Bolger
Senior Vice President
FIRST CHICAGO CORPORATION
/s/ David P. Bolger
By: _______________________
David P. Bolger
Senior Vice President and
Treasurer
