Amended Statement of Ownership (sc 13g/a)
February 14 2014 - 5:06PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13G/A
Amendment No. 2
PACIFIC SUNWEAR OF CALIFORNIA, INC.
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(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
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(Title of Class of Securities)
694873100
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(CUSIP Number of Class of Securities)
December 31, 2013
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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)
CUSIP NO. 694873100
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Page 3 of 7
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1.
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NAME OF REPORTING PERSONS
Prentice Capital Management, LP
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)
o
(b)
x
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5.
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SOLE VOTING POWER
0
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6.
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SHARED VOTING POWER
3,873,091
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7.
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SOLE DISPOSITIVE POWER
0
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8.
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SHARED DISPOSITIVE POWER
3,873,091
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,873,091
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10.
|
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
o
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.65%*
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12.
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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*Beneficial ownership percentage is based upon 68,587,196 shares
of common stock, $0.01 par value per share (the “Common Stock”), of Pacific Sunwear of California, Inc., a California
corporation (the “Company”), issued and outstanding as of December 5, 2013, based on information reported by the Company
in its Quarterly Report on Form 10-Q for the quarterly period ended November 2, 2013, filed with the Securities and Exchange Commission
on December 6, 2013.
CUSIP NO. 694873100
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Page 3 of 7
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1.
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NAME OF REPORTING PERSONS
Michael Zimmerman
|
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)
o
(b)
x
|
3.
|
SEC USE ONLY
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE VOTING POWER
0
|
6.
|
SHARED VOTING POWER
3,873,091
|
7.
|
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
3,873,091
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,873,091
|
10.
|
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
o
|
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.65%*
|
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
|
|
|
|
|
*Beneficial ownership percentage is based upon 68,587,196 shares
of common stock, $0.01 par value per share (the “Common Stock”), of Pacific Sunwear of California, Inc., a California
corporation (the “Company”), issued and outstanding as of December 5, 2013, based on information reported by the Company
in its Quarterly Report on Form 10-Q for the quarterly period ended November 2, 2013, filed with the Securities and Exchange Commission
on December 6, 2013.
ITEM 1(a). Name of Issuer:
Pacific Sunwear of California, Inc. (the
“Company”)
ITEM 1(b). Address of Issuer's Principal Executive Offices:
3450 East Miraloma Avenue
Anaheim, CA 92806
ITEM 2(a). Names of Person Filing:
This statement is filed by the entities
and persons listed below, all of whom together are referred to herein as the “Reporting Persons”:
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(i)
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Prentice Capital Management, LP, a Delaware limited partnership (“Prentice Capital Management”), with respect to the Common Stock, par value $0.01 per share, of the Company (the “Shares”), reported in this Amendment No. 2 to the Schedule 13G (the “Amendment”).
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(ii)
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Michael Zimmerman who is the managing member of certain entities that, directly or indirectly, serve as the general partner or investment manager of certain investment funds and managed accounts that own the Shares reported in this Amendment.
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ITEM 2(b). Address of Principal Business Office Or, If None,
Residence:
The address for the Reporting Persons is
33 Benedict Place, 2
nd
Floor, Greenwich, CT 06830.
ITEM 2(c). Citizenship:
Prentice Capital Management is organized
under the laws of the State of Delaware. Mr. Zimmerman is a citizen of the United States.
ITEM 2(d). Title of Class of Securities:
Common Stock, $.01 par value per share
ITEM 2(e). CUSIP Number: 694873100
ITEM 3. If this Statement is filed pursuant to Rules 13d-1(b)
or 13d-2(b) or (c), check whether the person filing is:
Not Applicable
ITEM 4. Ownership:
Prentice Capital Management
serves as investment manager to a number of investment funds and manages investments for certain entities in managed accounts with
respect to which it has voting and dispositive authority over the Shares reported in this Amendment. Michael Zimmerman is the managing
member of certain entities that, directly or indirectly, serve as the general partner or investment manager of certain investment
funds and managed accounts that own the Shares reported in this Amendment. As such, he may be deemed to control Prentice Capital
Management and certain of the investment funds and managed accounts managed by Prentice Capital Management and therefore may be
deemed to be the beneficial owner of the Shares reported in this Amendment. Each of the Reporting Persons disclaims beneficial
ownership of all of the Shares reported in this Amendment.
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(a)
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Amount Beneficially Owned: 3,873,091
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(b)
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Percent of class: 5.65%
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(c)
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Number of Shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote: 0
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(ii)
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Shared power to vote or to direct the vote: 3,873,091
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(iii)
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Sole power to dispose or to direct the disposition: 0
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(iv)
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Shared power to dispose or to direct the disposition: 3,873,091
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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 persons 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 or Control Person.
Not applicable.
ITEM 8. Identification and Classification of Members of the
Group.
See Item 4
ITEM 9. Notice of dissolution of group.
Not applicable.
ITEM 10. Certifications.
By signing below the undersigned 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 or
as a participant in any transaction having that purpose or effect.
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 14, 2014
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PRENTICE CAPITAL MANAGEMENT, LP
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By:
__/s/ Michael Zimmerman______________________
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Name: Michael Zimmerman
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Title: Chief Executive Officer
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__/s/ Michael Zimmerman _________________________
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Michael Zimmerman
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Attention: Intentional misstatements or
omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)