UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.__1__)*
Pacific Sunwear of California, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
694873100
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(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 ("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. 694873100 13G Page 2 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Consumer Venture Partners, L.P.
06-1182943
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
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5 SOLE VOTING POWER
NUMBER OF --0--shares
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY --0--shares
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON --0-- shares
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WITH 8 SHARED DISPOSITIVE POWER
--0--shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
--0--shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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12 TYPE OF REPORTING PERSON *
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 11 Pages
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CUSIP No. 694873100 13G Page 3 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Consumer Venture Associates, L.P.
06-1182942
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
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5 SOLE VOTING POWER
NUMBER OF --0--shares
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY --0--shares
----- ------------------------------------------------
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON --0--shares
----- ------------------------------------------------
----- ------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
--0--shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
--0--shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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12 TYPE OF REPORTING PERSON *
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 11 Pages
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CUSIP No. 694873100 13G Page 4 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pearson C. Cummin III
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
NUMBER OF 23,392 shares
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY --0--shares
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 23,392 shares
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WITH 8 SHARED DISPOSITIVE POWER
--0--shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
--0--shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.29%
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12 TYPE OF REPORTING PERSON *
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 11 Pages
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CUSIP No. 694873100 13G Page 5 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Christopher P. Kirchen
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
NUMBER OF --0--shares
----- ------------------------------------------------
----- ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY --0--shares
----- ------------------------------------------------
----- ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON --0-- shares
----- ------------------------------------------------
----- ------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
--0--shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
--0--shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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12 TYPE OF REPORTING PERSON *
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 11 Pages
ITEM 1 (A). NAME OF ISSUER:
Pacific Sunwear of California, Inc.
ITEM 1 (B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5037 East Hunter Avenue, Anaheim, California 92807
ITEM 2 (A). NAME OF PERSONS FILING:
Consumer Venture Partners, L.P. ("Consumer"), Consumer Venture
Associates, L.P. ("CVA"), Pearson C. Cummin III ("Cummin") and
Christopher P. Kirchen ("Kirchen"). Cummin and Kirchen are the
general partners of CVA, the sole general partner of Consumer.
ITEM 2 (B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of each of
Consumer, CVA, Cummin and Kirchen is c/o Consumer Venture
Group, Inc., Three Pickwick Plaza, Greenwich, CT 06830.
ITEM 2 (C). CITIZENSHIP:
Messrs. Cummin and Kirchen are United States citizens.
Consumer and CVA are limited partnerships organized under the
laws of the State of Delaware.
ITEM 2 (D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value.
ITEM 2 (E). CUSIP NUMBER
694873100
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of
the Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19)
of the Act.
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Act of 1940.
(e) [ ] Investment Advisor registered under Section 203 or
the Investment Advisors Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see Rule 13d-1(b)(1)(ii)(F) of the
Act.
Page 6 of 11 Pages
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13a-1(b)(1)(ii)(H)
of the Act.
NOT APPLICABLE
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned:
Consumer owns beneficially and of record -0- shares
of Common Stock of Pacific Sunwear of California,
Inc., as of December 31, 1996. CVA, the general
partner of Consumer, may be deemed to own
beneficially the -0- shares of Common Stock held by
Consumer as of December 31, 1996. Cummin and Kirchen
are general partners of CVA and therefore may be
deemed to own beneficially the -0- shares held by
Consumer as of December 31, 1996. Cummin owns
beneficially and of record 20,206 shares of Common
Stock of Pacific Sunwear of California, Inc. as of
December 31, 1996 and options to purchase an
aggregate 13,500 shares of Common Stock of Pacific
Sunwear of California, Inc., of which 3,186 shares
are exercisable within 60 days of December 31, 1996.
(b) Percent of Class:
Each of Consumer, CVA and Kirchen owns beneficially
0.0% of the Common Stock of Pacific Sunwear of
California, Inc. Cummin owns beneficially 0.29% of
the Common Stock of Pacific Sunwear of California,
Inc. The percentages are based on the 8,083,777
shares of Common Stock reported to be outstanding on
December 6, 1996 in the Pacific Sunwear of
California, Inc. Quarterly Report on Form 10-Q for
the quarter ended November 3, 1996.
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote:
Consumer: 0; CVA: 0; Cummin: 23,392; and
Kirchen: 0.
(ii) shared power to vote or to direct the vote:
Consumer: 0; CVA: 0; Cummin: 0; and Kirchen: 0.
(iii) sole power to dispose or to direct the
disposition of: Consumer: 0; CVA: 0; Cummin:
23,392; and Kirchen: 0.
(iv) shared power to dispose or to direct the
disposition of: Consumer: 0; CVA: 0; Cummin: 0;
and Kirchen: 0.
ITEM (5). OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
This statement is being filed to report the fact that as of
the date hereof the reporting persons have ceased to be the
beneficial owners of more than five percent of the common
stock.
ITEM (6). OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
NOT APPLICABLE.
Page 7 of 11 Pages
ITEM (7). IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT 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.
Not filed pursuant to Rule 13d-1(b).
Page 8 of 11 pages
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.
Dated: February 14, 1997 CONSUMER VENTURE PARTNERS, L.P.
By: Consumer Venture Associates, L.P.
By: /s/Pearson C. Cummin III
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Pearson C. Cummin III
General Partner
CONSUMER VENTURE ASSOCIATES, L.P.
By: /s/Pearson C. Cummin III
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Pearson C. Cummin III
General Partner
/s/ Pearson C. Cummin III
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Pearson C. Cummin III
*
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Christopher P. Kirchen
*By: /s/Pearson C. Cummin III
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Pearson C. Cummin III
Attorney-in-Fact
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This Schedule 13G was executed by Pearson C. Cummin III pursuant to Powers of
Attorney filed with the Securities and Exchange Commission on February 16, 1993,
in connection with a Schedule 13G for Natural Wonders, Inc. which Powers of
Attorney are incorporated herein by reference and copies of which are attached
hereto as Exhibit II.
Page 9 of 11 pages
EXHIBIT I
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required on Schedule 13G need be filed with respect to ownership by each of the
undersigned of shares of Common Stock of Pacific Sunwear of California, Inc.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Dated: February 14, 1997 CONSUMER VENTURE PARTNERS, L.P.
By: Consumer Venture Associates, L.P.
By: /s/Pearson C. Cummin II
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Pearson C. Cummin III
General Partner
CONSUMER VENTURE ASSOCIATES, L.P.
By: /s/Pearson C. Cummin III
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Pearson C. Cummin III
General Partner
/s/Pearson C. Cummin III
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Pearson C. Cummin III
*
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Christopher P. Kirchen
*By: /s/Pearson C. Cummin III
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Pearson C. Cummin III
Attorney-in-Fact
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This Agreement was executed by Pearson C. Cummin III pursuant to Powers of
Attorney filed with the Securities and Exchange Commission on February 16, 1993,
in connection with a Schedule 13G for Natural Wonders, Inc., which Powers of
Attorney are incorporated herein by reference and copies of which are attached
hereto as Exhibit II.
Page 10 of 11 pages
EXHIBIT II
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Pearson C. Cummin III and
Christopher P. Kirchen, and each of them, with full power to act without the
other, his true and lawful attorney-in-fact, with full power of substitution, to
sign any and all instruments, certificates and documents that may be necessary,
desirable or appropriate to be executed on behalf of himself as an individual or
in his capacity as a general partner of any partnership, pursuant to section 13
or 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and any and all regulations promulgated thereunder, and to file the same, with
all exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in-fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
10th day of February, 1993.
/s/ Pearson C. Cummin III
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Pearson C. Cummin III
/s/ G. Clinton Merrick
--------------------------
G. Clinton Merrick
/s/ Christopher P. Kirchen
--------------------------
Christopher P. Kirchen
Page 11 of 11 pages
