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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. ______)
Wilsons The Leather Experts Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
972463 10 3
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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).
Page 1 of 5
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CUSIP NO. 972463 10 3 13G Page 2 OF 5 PAGES
- ---------------------- -----------------
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Neil I. Sell
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
Not Applicable (b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 2,222,365.8
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,222,365.8
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,222,365.8
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
Not Applicable
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
23.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
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Item 1.
(a) Name of Issuer
Wilsons The Leather Experts Inc.
(b) Address of Issuer's Principal Executive Offices
7401 Boone Avenue North
Brooklyn Park, Minnesota 55428
Item 2.
(a) Name of Person Filing
Neil I. Sell
(b) Address of Principal Business Office or, if None, Residence
3300 Norwest Center
90 South Seventh Street
Minneapolis, Minnesota 55402
(c) Citizenship
United States
(d) Title of Class of Securities
Common Stock, $.01 par value
(e) CUSIP Number
972463 10 3
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b), check
whether the person filing is a:
(a) / / Broker or Dealer registered under section 15 of 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
(e) / / Investment Adviser registered under section 203 of the
Investment Advisers 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 (S) 240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with
(S) 240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) / / Group, in accordance with (S) 240.13d-1(b)(1)(ii)(H)
Not Applicable
Page 3 of 5
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Item 4. Ownership
(a) Amount Beneficially Owned
2,222,365.8
(b) Percent of Class
23.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
2,222,365.8
(ii) shared power to vote or to direct the vote
-0-
(iii) sole power to dispose or to direct the disposition of
2,222,365.8
(iv) shared power to dispose or to direct the disposition of
-0-
See Item 6 for further information regarding the nature of the reporting
person's beneficial ownership of certain of the above-referenced shares.
Item 5. Ownership of Five Percent or Less of a 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 / /.
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The shares listed in Item 4 include (i) 1,836,000 shares of Common Stock
held by the reporting person as sole trustee of four irrevocable trusts for the
benefit of Lyle Berman's children, and (ii) 139,510.8 shares of Common Stock
held by the reporting person as sole trustee of two irrevocable trusts for the
benefit of David L. Rogers' children. The reporting person disclaims beneficial
ownership of such shares.
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
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Page 4 of 5
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Item 10. Certification
Not Applicable
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.
February 4, 1998
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Date
/s/ Neil I. Sell
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Signature
Neil I. Sell
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Name
Page 5 of 5
