UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No.1)*
Phillips-Van Heusen Corporation
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
718592 10 8
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(CUSIP Number)
Edward H. Cohen
Rosenman & Colin LLP
575 Madison Avenue
New York, New York 10022
(212) 940-8800
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 26, 1998
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with the statement |_|. (A fee is
not required if the reporting person: (1) has a previously 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 attachment 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
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).
<PAGE>
SCHEDULE 13D
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CUSIP No. 718592 10 8 Page 2 of 6 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Vaneton International Inc.
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2 Check the Appropriate Box If a Member of a Group*
a. |_|
b. |_|
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3 SEC Use Only
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4 Source of Funds*
WC
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
British Virgin Islands
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7 Sole Voting Power
Number of
Shares
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 3,160,001
Person --------------------------------------------------------
With 9 Sole Dispositive Power
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10 Shared Dispositive Power
3,160,001
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
3,160,001
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
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13 Percent of Class Represented By Amount in Row (11)
11.6%
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14 Type of Reporting Person
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP No. 718592 10 8 Page 3 of 6 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Dr. Richard Lee
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2 Check the Appropriate Box If a Member of a Group*
a. |_|
b. |_|
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3 SEC Use Only
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4 Source of Funds*
WC
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
United Kingdom
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7 Sole Voting Power
Number of
Shares
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 3,160,001
Person --------------------------------------------------------
With 9 Sole Dispositive Power
--------------------------------------------------------
10 Shared Dispositive Power
3,160,001
--------------------------------------------------------
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
3,160,001
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
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13 Percent of Class Represented By Amount in Row (11)
11.6%
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14 Type of Reporting Person
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
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CUSIP NO. 718592 10 8 Page 4 of 6 Pages
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This Amendment 1 to Schedule 13D is being filed by Vaneton International
Inc. and Dr. Richard Lee (hereinafter referred to as the "Reporting Persons")
with respect to the acquisition of shares of the common stock, $1.00 par value
(the "Common Stock"), of Phillips-Van Heusen Corporation, a Delaware corporation
(the "Issuer").
Item 3: Source and Amount of Funds or Other Consideration.
On May 26, 1998, the Reporting Persons acquired 300,000 shares of Common
Stock in an open market transaction on the New York Stock Exchange at a price of
13 1/2 per share. The source of funds used for the transaction was the working
capital of Vaneton International Inc.
Item 5: Interest in Securities of the Issuer.
As of June 8, 1998, the Reporting Persons beneficially own 3,160,001
shares of Common Stock, or approximately 11.6% of the Common Stock based on
27,187,644 shares of common stock issued and outstanding as of April 1, 1998 as
reported by the Issuer.
<PAGE>
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CUSIP NO. 718592 10 8 Page 5 of 6 Pages
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SIGNATURES
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: June 8, 1998
VANETON INTERNATIONAL INC.
By: /s/ Edward H. Cohen
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Name: Edward H. Cohen, Authorized Signatory
DR. RICHARD LEE
By: /s/ Edward H. Cohen
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Name: Edward H. Cohen, Authorized Signatory
<PAGE>
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CUSIP NO. 718592 10 8 Page 6 of 6 Pages
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SCHEDULE A
LIST OF EXECUTIVE OFFICERS AND DIRECTORS
OF VANETON INTERNATIONAL INC.
Name Position Address Principal Occupation
- ---- -------- ------- --------------------
1. Dr. Richard Lee Director 6/F TAL Building Director of TAL Apparel
49 Austin Road Limited
Kowloon, Hong Kong
2. Randy Cheung Director 6/F TAL Building Director of TAL Apparel
49 Austin Road Limited
Kowloon, Hong Kong
3. Ruth Kan Secretary 6/F TAL Building Secretary of Vaneton
49 Austin Road International Inc.
Kowloon, Hong Kong
