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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 )*
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Party City Corp.
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(Name of Issuer)
Common
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(Title of Class of Securities)
70214510
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(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
/x/ Rule 13d-1 (b)
/ / 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 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).
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.
SEC 1745 (3-98) Page 1 of 3 pages
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CUSIP No. 70214510
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1. Names of Reporting Persons. Weiss, Peck & Greer, L.L.C.
I.R.S. Identification Nos. of above persons (entities only).
13-2649199
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) /x/
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3. SEC Use Only
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4. Citizenship or Place of Organization Delaware
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Number of 5. Sole Voting Power -0-
Shares Bene- ------------------------------------------------------------
ficially owned
by Each 6. Shared Voting Power 257,064
Reporting ------------------------------------------------------------
Person With:
7. Sole Dispositive Power -0-
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8. Shared Dispositive Power 257,064
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
257,064
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) /x/
11. Percent of Class Represented by Amount in Row (11)
2.06%
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12. Type of Reporting Person (See Instructions)
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BD, IA
Page 2 of 3 pages
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Cusip No. 70214510 13G Page 3 of 3
Item 5. Ownership of Five Percent or Less of a Class:
If this statement if 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 five
percent of the class of securities, check the following[X].
Item 10. Certification:
By signing below, Richard S. Pollack, General Counsel of Weiss, Peck & Greer,
L.L.C. ("WPG") certifies that, to the best of his knowledge and belief,
securities referred to above as being held or owned beneficially by WPG 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.
SIGNATURE
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After reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: December 9, 1998
WEISS, PECK & GREER, L.L.C.
By: /s/ Richard S. Pollack
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Richard S. Pollack
General Counsel
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001).
