UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)
VALUE CITY DEPARTMENT STORES, INC.
(Name of Issuer)
COMMON STOCK, WITHOUT PAR VALUE
(Title of Class of Securities)
920387 10 7
(CUSIP Number)
December 31, 2001
------------------
(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)
[ ] Rule 13d-1(c)
[ x ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a 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). 1.
CUSIP No. 920387 10 7
Page -2-
1. Names of Reporting Person: Jay L. Schottenstein
S.S. or I.R.S. Identification No. of Above Individual (optional): N/A
2. Check the Appropriate Box if a Member of a Group:
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization: United States
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power: 230,000
6. Shared Voting Power: 19,382,638
7. Sole Dispositive Power: 230,000
8. Shared Dispositive Power: 19,382,638
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
19,612,638
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:
[ ]
11. Percent of Class Represented by Amount in Row (9): 58.3%
12. Type of Reporting Person: IN
CUSIP No. 920387 10 7
Page -3-
Item 1.
(a) Name of Issuer - Value City Department Stores, Inc.
(b) Address of Issuer's Principal Executive Offices:
3241 Westerville Road, Columbus, Ohio 43224
Item 2.
(a) Name of Person Filing
Jay L. Schottenstein
(b) Address
1800 Moler Road, Columbus, Ohio 43207
(c) Citizenship
United States of America
(d) Title of Class of Securities
Common Stock, Without Par Value
(e) CUSIP Number
920387 10 7
Item 3. Not Applicable
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 19,612,638
(b) Percent of class: 58.3%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
----------------------------------------
Jay L. Schottenstein - 174,000 shares held
directly and 56,000 shares are subject to
presently exercisable stock options held by
Mr. Schottenstein.
CUSIP No. 920387 10 7
Page -2-
(ii) Shared power to vote or to direct the vote:
-------------------------------------------
Mr. Schottenstein, as co-trustee of various
family charitable foundations, shares the
power to dispose 123,372 shares. Mr.
Schottenstein expressly disclaims beneficial
ownership of all such shares.
Mr. Schottenstein, as Chairman of the Board,
President, and a director of Glosser
Brothers Acquisition, Inc., General Partner
of GB Stores, shares the power to vote
1,312,500 shares owned by GB Stores, a
Pennsylvania limited partnership. Mr.
Schottenstein expressly disclaims beneficial
ownership of all such shares.
Mr. Schottenstein is a director and Chief
Executive Officer of Schottenstein Stores
Corporation and has shared power to vote and
dispose of shares of Schottenstein Stores
Corporation held by various trusts.
(iii) Sole power to dispose or to direct the disposition
--------------------------------------------------
of:
---
Jay L. Schottenstein - 174,000 shares held
directly and 56,000 shares are subject to
presently exercisable stock options held by
Mr. Schottenstein.
(iv) Shared power to dispose or to direct the
----------------------------------------
disposition of:
--------------
Mr. Schottenstein, as co-trustee of various
family charitable foundations, shares the
power to dispose 123,372 shares. Mr.
Schottenstein expressly disclaims beneficial
ownership of all such shares.
Mr. Schottenstein, as Chairman of the Board,
President, and a director of Glosser
Brothers Acquisition, Inc., General Partner
of GB Stores, shares the power to dispose
1,312,500 shares owned by GB Stores, a
Pennsylvania limited partnership. Mr.
Schottenstein expressly disclaims beneficial
ownership of all such shares.
Mr. Schottenstein is a director and Chief
Executive Officer of Schottenstein Stores
Corporation and has shared power to vote and
dispose of shares of Schottenstein Stores
Corporation held by various trusts.
Item 5. Ownership of Five Percent or Less of a Class
N/A
CUSIP No. 920387 10 7
Page -5-
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
N/A
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
N/A
Item 8. Identification and Classification of Members of the Group
Schottenstein Stores Corporation, a Delaware corporation, is
record and beneficial owner of 17,946,766 shares of the common
shares of Value City Department Stores, Inc. Jay L.
Schottenstein is the Chairman of the Board and Chief Executive
Officer of Schottenstein Stores Corporation and has sole
voting and investment power over 78.4% of the outstanding
shares of Schottenstein Stores Corporation pursuant to
irrevocable trusts for family members as to which Mr.
Schottenstein is trustee.
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
N/A
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 11, 2002
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Date
/s/ Jay L. Schottenstein
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Signature
Jay L. Schottenstein
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Name/Title