-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OxgqBHzT2Fsm9tCqas6qBwLdctxiDC61gEJz/Gkg/PNmwY53BbeiRfbH4yD46D5g wHcytiFd78OiaM90zIGykQ== 0000950123-97-000026.txt : 19970106 0000950123-97-000026.hdr.sgml : 19970106 ACCESSION NUMBER: 0000950123-97-000026 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970103 SROS: NONE GROUP MEMBERS: SYMS SY GROUP MEMBERS: SYMS SY REVOCABLE LIVING TRUST GROUP MEMBERS: SYMS SY VOTING TRUST AGREEMENT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SYMS CORP CENTRAL INDEX KEY: 0000724742 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 222465228 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0302 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39363 FILM NUMBER: 97500632 BUSINESS ADDRESS: STREET 1: SYMS WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 BUSINESS PHONE: 2019029600 MAIL ADDRESS: STREET 1: SYMS WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SYMS SY CENTRAL INDEX KEY: 0000935978 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: SYMS WAY CITY: SECAUSES STATE: NJ ZIP: 07049 MAIL ADDRESS: STREET 1: SYMS WAY CITY: SECAUSES STATE: NJ ZIP: 07094 SC 13D/A 1 AMENDMENT NO. 3 TO SCHEDULE 13D 1 Page 1 of 7 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* SYMS CORP - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 871551 10 7 ----------------------------------------------- (CUSIP Number) Irwin M. Rosenthal, Esq. Rubin Baum Levin Constant & Friedman 30 Rockefeller Plaza New York, New York 10112 212 698 7840 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 1996 - -------------------------------------------------------------------------------- (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 cover 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). Pursuant to Rule 101(a)(2)(ii) of Regulation S-T, previously filed Amendment No. 2 to the Schedule 13D amended and restated the Schedule 13D, as previously amended. 2 SCHEDULE 13D - --------------------------- ------------------------ CUSIP NO. 871551 10 7 PAGE 2 OF 7 PAGES - --------------------------- ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Sy Syms - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /x/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 9,634,612 SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER -0- OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 9,634,612 REPORTING -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER -0- WITH - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,634,612(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 54.45% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- (1) Beneficial ownership of 9,634,512 shares is as trustee under the Sy Syms Revocable Living Trust dated March 17, 1989, as amended, and of 100 shares is as custodian for Jillian E. Merns. *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. -2- 3 SCHEDULE 13D - --------------------------- ------------------------ CUSIP NO. 871551 10 7 PAGE 3 OF 7 PAGES - --------------------------- ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Voting Trust Agreement dated July 25, 1983, as amended, by Sy Syms, trustee - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /x/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER -0- SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER -0- OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER -0- WITH - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *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. -3- 4 SCHEDULE 13D - --------------------------- ------------------------ CUSIP NO. 871551 10 7 PAGE 4 OF 7 PAGES - --------------------------- ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS The Sy Syms Revocable Living Trust dated March 17, 1989, as amended, by Sy Syms, trustee - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /x/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 9,634,512 SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER -0- OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 9,634,512 REPORTING -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER -0- WITH - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,634,512(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 54.45% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- (1)Sy Syms beneficially owns an aggregate of 9,634,512 shares as trustee under the Sy Syms Revocable Living Trust dated March 17, 1989, as amended, and beneficially owns 100 shares as custodian for Jillian E. Merns. *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. -4- 5 This Amendment No. 3 on Schedule 13D amends the Schedule 13D filed on August 30, 1995, as previously amended by a First Amendment thereto dated October 30, 1995 and a Second Amendment thereto (which was an amendment and restatement, as required by Rule 101(a)(2)(ii) of Regulation S-T) dated January 5, 1996 (the "Schedule 13D") with respect to the common stock, par value $0.05 per share (the "Shares"), of Syms Corp, a New Jersey corporation (the "Company"). Item 2. Identity and Background. Item 5. Interest in Securities of the Issuer. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. Items 2, 5 and 6 of the Schedule 13D are hereby supplemented as follows: The scheduled (final) distribution of the remaining 1,407,412 Shares from the trust maintained under the Voting Trust Agreement dated July 25, 1983, as amended (the "Syms Voting Trust"), was made on December 31, 1996 and the Syms Voting Trust, of which Sy Syms was voting trustee and which was previously included in the Schedule 13D, no longer holds any Shares and has been terminated. Therefore this Amendment is being, and any future amendments to the Schedule 13D will be, filed on behalf of only (i) Sy Syms and (ii) Sy Syms as trustee under the Sy Syms Revocable Living Trust dated March 17, 1989, as amended (the "Syms Living Trust"). Of the 1,407,412 Shares retransferred from the Syms Voting Trust to the participants therein, 41,184 shares were Page 5 of 7 Pages 6 retransferred to the Syms Living Trust and the remainder to Sy Syms' six adult children, causing a decrease in the beneficial ownership of Shares by Sy Syms, an increase in the beneficial ownership of Shares by the Syms Living Trust and terminating the beneficial ownership of Shares by the Syms Voting Trust. The trust under the Syms Living Trust currently beneficially owns 9,634,512 Shares (54.45% of outstanding Shares), and accordingly Sy Syms beneficially owns 9,634,612 Shares (including 100 Shares as custodian for Jillian E. Merns) as of the date hereof, representing approximately 54.45% of the Shares outstanding as of the date hereof (outstanding Share figures are based on the Company's most recent report on Form 10-Q). Page 6 of 7 Pages 7 SIGNATURE After reasonable inquiry and to the best of their respective knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: December 31, 1996 Sy Syms ------------------------------------ Sy Syms, as Trustee under the Sy Syms Revocable Living Trust, dated March 27, 1989, as amended Sy Syms ------------------------------------ Sy Syms Page 7 of 7 Pages -----END PRIVACY-ENHANCED MESSAGE-----