UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1)
Dollar Tree Stores, Inc.
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
256747106
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the filing 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.)
*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).
SEC 1745 (2-95)Page 1 of 10 pages
SCHEDULE 13G
______________________________ ________________________________
| | | |
|CUSIP No. 256747106 | | Page 2 of 10 Pages |
|____________________________| |______________________________|
___________________________________________________________________________
| 1 | NAME OF REPORTING PERSONS |
| | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS |
| | |
| | The SK Equity Fund, L.P. (IRS ID No. 061312136) |
|____|____________________________________________________________________|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | _ |
| | (a) |_| |
| | _ |
| | (b) |X| |
| | |
|____|____________________________________________________________________|
| 3 | SEC USE ONLY |
| | |
|____|____________________________________________________________________|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | United States |
|____|____________________________________________________________________|
| | 5 | SOLE VOTING POWER |
| | | 8,575,747 |
| NUMBER OF |____|_ _____________________________________________|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | 0 |
| OWNED BY |____|_______________________________________________|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 8,575,747 |
| PERSON |____|_______________________________________________|
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | 0 |
|____________________|____|_______________________________________________|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | 8,575,747 |
|____|____________________________________________________________________|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES _ |
| | CERTAIN SHARES* |_| |
|____|____________________________________________________________________|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| | 31.6% |
|____|____________________________________________________________________|
| 12 | TYPE OF REPORTING PERSON* |
| | PN |
|____|____________________________________________________________________|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13G
______________________________ ________________________________
| | | |
|CUSIP No. 256747106 | | Page 3 of 10 Pages |
|____________________________| |______________________________|
___________________________________________________________________________
| 1 | NAME OF REPORTING PERSONS |
| | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS |
| | |
| | SK Partners, L.P. (IRS ID No. 061301330) |
|____|____________________________________________________________________|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | _ |
| | (a) |_| |
| | _ |
| | (b) |X| |
| | |
|____|____________________________________________________________________|
| 3 | SEC USE ONLY |
| | |
|____|____________________________________________________________________|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | United States |
|____|____________________________________________________________________|
| | 5 | SOLE VOTING POWER |
| | | 0 |
| NUMBER OF |____|_______________________________________________|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | 8,575,747 |
| OWNED BY |____|_______________________________________________|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 0 |
| PERSON |____|_______________________________________________|
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | 8,575,747 |
|____________________|____|_______________________________________________|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | 8,575,747 |
|____|____________________________________________________________________|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES _ |
| | CERTAIN SHARES* |_| |
|____|____________________________________________________________________|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| | 31.6% |
|____|____________________________________________________________________|
| 12 | TYPE OF REPORTING PERSON* |
| | PN |
|____|____________________________________________________________________|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13G
______________________________ ________________________________
| | | |
|CUSIP No. 256747106 | | Page 4 of 10 Pages |
|____________________________| |______________________________|
___________________________________________________________________________
| 1 | NAME OF REPORTING PERSONS |
| | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS |
| | |
| | Thomas A. Saunders, III (SS No. ###-##-####) |
|____|____________________________________________________________________|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | _ |
| | (a) |_| |
| | _ |
| | (b) |X| |
| | |
|____|____________________________________________________________________|
| 3 | SEC USE ONLY |
| | |
|____|____________________________________________________________________|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | United States |
|____|____________________________________________________________________|
| | 5 | SOLE VOTING POWER |
| | | 0 |
| NUMBER OF |____|_______________________________________________|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | 8,589,815 |
| OWNED BY |____|_______________________________________________|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 0 |
| PERSON |____|_______________________________________________|
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | 8,589,815 |
|____________________|____|_______________________________________________|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | 8,589,815 |
|____|____________________________________________________________________|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES _ |
| | CERTAIN SHARES* |_| |
|____|___________________________________ ________________________________|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| | 31.6% |
|____|____________________________________________________________________|
| 12 | TYPE OF REPORTING PERSON* |
| | IN |
|____|____________________________________________________________________|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13G
______________________________ ________________________________
| | | |
|CUSIP No. 256747106 | | Page 5 of 10 Pages |
|____________________________| |______________________________|
___________________________________________________________________________
| 1 | NAME OF REPORTING PERSONS |
| | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS |
| | |
| | Allan W. Karp (SS No. ###-##-####) |
|____|____________________________________________________________________|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | _ |
| | (a) |_| |
| | _ |
| | (b) |X| |
| | |
|____|____________________________________________________________________|
| 3 | SEC USE ONLY |
| | |
|____|____________________________________________________________________|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | United States |
|____|____________________________________________________________________|
| | 5 | SOLE VOTING POWER |
| | | 14,068 |
| NUMBER OF |____|_______________________________________________|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | 8,575,747 |
| OWNED BY |____|_______________________________________________|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 14,068 |
| PERSON |____|_______________________________________________|
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | 8,575,747 |
|____________________|____|_______________________________________________|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | 8,589,815 |
|____|____________________________________________________________________|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES _ |
| | CERTAIN SHARES* |_| |
|____|____________________________________________________________________|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| | 31.6% |
|____|____________________________________________________________________|
| 12 | TYPE OF REPORTING PERSON* |
| | IN |
|____|____________________________________________________________________|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13G
______________________________ ________________________________
| | | |
|CUSIP No. 256747106 | | Page 6 of 10 Pages |
|____________________________| |______________________________|
___________________________________________________________________________
| 1 | NAME OF REPORTING PERSONS |
| | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS |
| | |
| | John F. Megrue (SS No. ###-##-####) |
|____|____________________________________________________________________|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | _ |
| | (a) |_| |
| | _ |
| | (b) |X| |
| | |
|____|____________________________________________________________________|
| 3 | SEC USE ONLY |
| | |
|____|____________________________________________________________________|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | United States |
|____|____________________________________________________________________|
| | 5 | SOLE VOTING POWER |
| | | 0 |
| NUMBER OF |____|_______________________________________________|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | 8,589,815 |
| | | |
| OWNED BY |____|_______________________________________________|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 0 |
| PERSON |____|_______________________________________________|
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | 8,589,815 |
|____________________|____|_______________________________________________|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | 8,589,815 |
|____|____________________________________________________________________|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES _ |
| | CERTAIN SHARES* |_| |
|____|____________________________________________________________________|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| | 31.6% |
|____|____________________________________________________________________|
| 12 | TYPE OF REPORTING PERSON* |
| | IN |
|____|____________________________________________________________________|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1(a). Name of Issuer.
Dollar Tree Stores, Inc. (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices.
2555 Ellsmere Avenue
Norfolk Commerce Park,
Norfolk, VA 23513
Item 2(a). Name of Person Filing.
This statement is filed on behalf of the persons identified in
Item 4 below. In accordance with Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), each person filing
this statement acknowledges that it is responsible for the completeness and
accuracy of the information contained herein concerning that person, but is
not responsible for the completeness or accuracy of the information
concerning the other persons making the filing, unless such person knows or
has reason to believe that such information is inaccurate.
Item 2(b). Address of Principal Business Office or, if
None, Residence.
(1) For: The SK Equity Fund, L.P. and SK Partners, L.P.:
Two Greenwich Plaza
Suite 100
Greenwich, CT 06830
(2) For: Thomas A. Saunders, III, Allan W. Karp and John F. Megrue:
c/o Saunders Karp & Co.
667 Madison Avenue
New York, New York 10021
Item 2(c). Citizenship.
Each of the persons filing this statement is a United States citizen
or limited partnership organized under the laws of a state of the United
States or a trust created or governed under the laws of a state of the United
States.
Item 2(d). Title of Class of Securities.
This statement relates to the Company's Common Stock, par value $.01
per share (the "Common Stock").
Item 2(e). CUSIP Number.
256747106
Item 3. For Statements Filed Pursuant to Rule 13d-1(b), or
13d-2(b).
Not applicable.
Item 4(a), (b) and (c). Ownership.
The SK Equity Fund, L.P. is the beneficial owner of 8,575,747 shares
of Common Stock of the Company (including 1,234,611 shares of Common Stock
issuable upon the exercise of currently exercisable warrants with an exercise
price of $1.933 per share), representing 31.6% of the total number of shares
outstanding as of December 31, 1996. The SK Equity Fund, L.P. has the sole
power to vote or to direct the vote and to dispose or direct the disposition
of all of such shares.
SK Partners, L.P. is the beneficial owner of 8,575,747 shares of
Common Stock of the Company (including 1,234,611 shares of Common Stock
issuable upon the exercise of currently exercisable warrants with an exercise
price of $1.933 per share), representing 31.6% of the total number of shares
outstanding as of December 31, 1996. SK Partners, L.P. has (i) the sole power
to vote or to direct the vote and to dispose or direct the disposition of none
of such shares and (ii) shared power to vote or to direct the vote and to
dispose or to direct the disposition of all of such shares as the general
partner of The SK Equity Fund, L.P. which owns all of such shares.
Thomas A. Saunders, III is the beneficial owner of 8,589,815 shares
of Common Stock of the Company (including 1,236,636 shares of Common Stock
issuable upon the exercise of currently exercisable warrants with an exercise
price of $1.933 per share), representing 31.6% of the total number of shares
outstanding as of February 10, 1997. Mr. Saunders has (i) sole power to vote
or to direct the vote and to dispose or direct the disposition of none of such
shares, (ii) shared power to vote or to direct the vote and to dispose or to
direct the disposition of 8,575,747 of such shares as a general partner of SK
Partners, L.P. and (iii) shared power to vote or to direct the vote and to
dispose or to direct the disposition of 14,608 of such shares as a co-trustee
of the Ivor Family Trust. The other trustee of the Ivor Family Trust is
Joanne S. Berkley.
Allan W. Karp is the beneficial owner of 8,589,815 shares of
Common Stock of the Company (including 1,236,636 shares of Common Stock
issuable upon the exercise of currently exercisable warrants with an
exercise price of $1.933 per share), representing 31.6% of the total number
of shares outstanding as of December 31, 1996. Mr. Karp has (i) sole
power to vote or to direct the vote and to dispose or direct the
disposition of 14,068 of such shares and (ii) shared power to vote or to
direct the vote and to dispose or to direct the disposition of 8,575,747 of
such shares as a general partner of SK Partners, L.P.
John F. Megrue is the beneficial owner of 8,589,815 shares of Common
Stock of the Company (including 1,236,636 shares of Common Stock issuable
upon the exercise of currently exercisable warrants with an exercise price of
$1.933 per share), representing 31.6% of the total number of shares outstanding
as of December 31, 1996. Mr. Megrue has (i) sole power to vote or to direct
the vote and to dispose or direct the disposition of none of such shares, (ii)
shared power to vote or to direct the vote and to dispose or to direct the
disposition of 8,575,747 of such shares as a general partner of SK Partners,
L.P. and (iii) may be deemed to have shared power to vote or to direct the
vote and to dispose or to direct the disposition of 14,608 of such shares held
by Mr. Megrue's sister, Melanie K. Berman, as custodian for Mr. Megrue's
children.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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.
See Item 4 above.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief
of each of the undersigned, each of the undersigned certifies that the
information set forth in this statement is true, complete and correct.
Dated: February 14, 1997
THE SK EQUITY FUND, L.P.
By: SK PARTNERS, L.P., as
General Partner
/s/ Thomas A. Saunders, III
____________________________
General Partner
SK PARTNERS, L.P.
BY: /s/ Thomas A. Saunders, III
____________________________
General Partner
BY: /s/ Thomas A. Saunders, III
____________________________
Thomas A. Saunders, III
/s/ Allan W. Karp
____________________________
Allan W. Karp
/s/ John F. Megrue
______________________________
John F. Megrue
