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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)
Developers Diversified Realty Corporation
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
251591103
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(CUSIP Number)
Not applicable
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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:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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CUSIP No. 251591103 13G Page 2 of 7
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Bert L. Wolstein
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
-0-
------------------------------------------------------------
Number of shares 6. SHARED VOTING POWER
beneficially 5,377,790
owned by each
reporting person ------------------------------------------------------------
with 7. SOLE DISPOSITIVE POWER
-0-
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8. SHARED DISPOSITIVE POWER
5,377,790
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,377,790
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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
8.92%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 251591103 13G Page 3 of 7
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Iris S. Wolstein
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
-0-
------------------------------------------------------------
Number of shares 6. SHARED VOTING POWER
beneficially 5,377,790
owned by each
reporting person ------------------------------------------------------------
with 7. SOLE DISPOSITIVE POWER
-0-
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
5,377,790
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,377,790
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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
8.92%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 251591103 13G Page 4 of 7
ITEM 1(a). NAME OF ISSUER:
Developers Diversified Realty Corporation, an Ohio corporation
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Developers Diversified Realty Corporation
3300 Enterprise Parkway
Beachwood, Ohio 44122
ITEM 2(a). NAME OF PERSON FILING:
Bert L. Wolstein and Iris S. Wolstein
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
34555 Chagrin Boulevard
Moreland Hills, Ohio 44022
ITEM 2(c). CITIZENSHIP:
United States
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Shares
ITEM 2(e). CUSIP NUMBER:
251591103
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) ___ Broker or dealer registered under Section 15 of the Exchange
Act;
(b) ___ Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) ___ Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) ___ Investment company registered under Section 8 of the
Investment Company Act;
(e) ___ An investment adviser in accordance with Rule
13d-1(b)1(ii)(E);
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CUSIP No. 251591103 13G Page 5 of 7
(f) ___ An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) ___ A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) ___ A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) ___ A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) ___ Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box [X]
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
5,377,790*
* Consisting of 4,330,214 shares held by Bert L. Wolstein,
247,576 shares held by Iris S. Wolstein, and 800,000 shares
subject to currently exercisable options held by Bert L.
Wolstein.
(b) Percent of class:
8.92%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
-0-
(ii) Shared power to vote or to direct the vote
5,377,790
(iii) Sole power to dispose or to direct the disposition of
-0-
(iv) Shared power to dispose or to direct the disposition of
5,377,790
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CUSIP No. 251591103 13G Page 6 of 7
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF 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
five percent of the class of securities, check the following . [ ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
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.
Bert L. Wolstein and Iris S. Wolstein are filing jointly.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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CUSIP No. 251591103 13G Page 7 of 7
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned hereby certify that the information set forth in this statement
is true, complete and correct. The undersigned hereby agree that this statement
is filed on behalf of each of the undersigned.
Dated as of: February 11, 2000 /s/ Bert L. Wolstein
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Bert L. Wolstein
/s/ Iris S. Wolstein
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Iris S. Wolstein
