UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
CHIC BY H.I.S, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
167113 10 9
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(CUSIP Number)
Jesse S. Siegel with a copy to: Edward J. Walsh, Jr., Esq.
2504 Laguna Terrace Vedder, Price, Kaufman, Kammholz & Day
Fort Lauderdale, Florida 33316 1 Dag Hammarskjold Plaza
New York, New York 10017-2203
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 23, 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 only if the reporting 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).
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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 coverage 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 1 of 5
<PAGE>
SCHEDULE 13D
CUSIP No. 167113 10 9 Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jesse S. Siegel
SS# ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
Not Applicable (B) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF and OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
Not Applicable
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
7 SOLE VOTING POWER
1,150,043
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 0
BY EACH REPORTING
PERSON
WITH 9 SOLE DISPOSITIVE POWER
1,150,043
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,150,043
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
Not Applicable
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%
14 TYPE OF REPORTING PERSON
IN
*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 2 of 5
<PAGE>
AMENDMENT NO.1 TO SCHEDULE 13D
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is amended and restated in its entirety by the
following:
Of the 1,150,043 Shares held by Mr. Siegel, 313,043 were
purchased with Mr. Siegel's personal funds from the underwriters of the
Company's initial public offering, which was consummated on February 25, 1993,
at the initial public offering price of $11.50 per share, 500,000 Shares were
acquired on February 25, 1993 for the consideration described in Item 5(c) and
302,000 were purchased with Mr. Siegel's personal funds in a private
transaction, which was consummated on January 23, 1998, at a purchase price of
$7.125 per share.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is amended by adding the following at the end thereof:
Mr. Siegel may also consider making sales of equity securities
of the Company to the extent he deems appropriate, subject to compliance with
applicable securities laws.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Paragraphs (a) and (b) of Item 5 are amended and restated in
their entirety by the following:
(a) This statement on Schedule 13D relates to 1,150,043 Shares
beneficially owned by Mr. Siegel, which constitute
approximately 11.7% of the issued and outstanding Shares. The
number of Shares reported under this item includes
10,000 Shares of the Issuer's common stock that Mr.
Siegel has the right to acquire within 60 days
pursuant to the exercise of outstanding stock
options.
(b) Mr. Siegel has sole voting and dispositive power with respect
to the 1,150,043 Shares he beneficially owns.
Page 3 of 5
<PAGE>
Item 5 if further amended by adding the following at the end
of paragraph (c) thereof:
(c) On January 23, 1998, Mr. Siegel acquired 302,000 Shares of the
Issuer's common stock in a private transaction at a price of
$ 7.125 per share.
Page 4 of 5
<PAGE>
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.
January 24, 1998
/s/ Jesse S. Siegel
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Jesse S. Siegel
