UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 9
AMERICAN EAGLE OUTFITTERS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
02553E 10 6
(CUSIP Number)
Irwin A. Bain, Esq.
Schottenstein Stores Corporation
1800 Moler Road
Columbus, Ohio 43207
614-449-4332
With a copy to:
Robert J. Tannous, Esq.
Porter, Wright, Morris & Arthur LLP
41 South High Street
Columbus, OH 43215
614-227-1953
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
September 22, 2006
(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(e), (f) or (g), check the following box ¨
CUSIP No. 02553E 10 6
Page - 2 –
| 1. | Names of Reporting Person:
Jay L. Schottenstein
S.S. or I.R.S. Identification No. of Above Individual (optional):
N/A |
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| 2. | Check the Appropriate Box if a Member of a Group: (a) x (b) ¨ |
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| 3. | SEC Use Only
|
|||
| 4. | Source of Funds:
00 |
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| 5. | Check Box if Disclosure of legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
|
¨ | ||
| 6. | Citizenship or Place of Organization:
United States |
| Number of Shares Beneficially Owned by Each Reporting Person With: |
7. Sole Voting Power:
6,231,354 8. Shared Voting Power:
4,170,264 9. Sole Dispositive Power:
6,231,354 10. Shared Dispositive Power:
173,604 |
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person:
10,401,618 |
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| 12. | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
|
¨
| ||
| 13. | Percent of Class Represented by Amount in Row (11):
6.9% |
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| 14. | Type of Reporting Person:
IN |
CUSIP No. 02553E 10 6
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| ITEM 1. |
Security and Issuer | |||
| (a) |
Title of Class of Securities: Common Stock, $0.01 par value | |||
| (b) |
Name of Issuer: American Eagle Outfitters, Inc. | |||
| (c) |
Address of Issuer’s Principal Executive Offices: | |||
| 150 Thorn Hill Drive | ||||
| Warrendale, Pennsylvania 15086-7528 | ||||
| ITEM 2. |
Identity and Background | |||
| (a) |
(1) | Jay L. Schottenstein | ||
| (2) | SEI, Inc. (f/k/a Retail Ventures, Inc.) | |||
| (3) | Geraldine Schottenstein Hoffman | |||
| (4) | Susan Schottenstein Diamond | |||
| (b) |
(1) | 1800 Moler Road, Columbus, Ohio 43207 | ||
| (2) | 1800 Moler Road, Columbus, Ohio 43207 | |||
| (3) | 1800 Moler Road, Columbus, Ohio 43207 | |||
| (4) | 1800 Moler Road, Columbus, Ohio 43207 | |||
| (c) |
(1) | Chairman of the Board | ||
| (2) | N/A | |||
| (3) | N/A | |||
| (4) | N/A | |||
| (d) |
Criminal convictions: Not applicable | |||
| (e) |
Civil proceedings: Not applicable | |||
| (f) |
Citizenship: All of the reporting persons are United States Citizens | |||
| ITEM 3. |
Source and Amount of Funds or Other Consideration | |||
| Not applicable. | ||||
| ITEM 4. |
Purpose of Transaction | |||
| Not applicable. | ||||
CUSIP No. 02553E 10 6
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| ITEM 5. |
Interest in Securities of the Issuer | |||
| (1) |
Jay L. Schottenstein | |||
| (a) |
Amount Beneficially Owned: 10,401,618 shares; Percent of Class: 6.9% (Includes 5,075,689 shares held by SEI, Inc. (f/k/a Retail Ventures, Inc.), 69.9% of whose common stock is owned by trusts of which Mr. Schottenstein is a Trustee or Trust Advisor; Mr. Schottenstein is also the Chairman and Chief Executive Officer of SEI, Inc.; 198 shares held for the benefit of Mr. Schottenstein's minor child; 1,135,780 shares subject to options exercisable within 60 days; and 4,170,264 shares held in trusts for the benefit of family members as to which Mr. Schottenstein is either Trustee or Trust Advisor.) | |||
| (b) | Number of Shares as to which such person has: | |||
| (i) Sole power to vote or to direct the vote: 6,231,354 shares | ||||
| (ii) Shared power to vote or to direct the vote: 4,170,264 shares | ||||
| (iii) Sole power to dispose or to direct the disposition of: 6,231,354 shares | ||||
| (iv) Shared power to dispose or to direct the disposition of: 173,604 shares | ||||
| (c) | Transactions effected by Mr. Schottenstein and by family trusts as to which Mr. Schottenstein is either trustee or trust advisor during the past 60 days: | |||
| Date |
Shares Sold |
Sale Price |
||||
| 9/12/06 | 525,000 | $ | 42.34 | * | ||
| 9/20/06 | 200,500 | $ | 44.32 | * | ||
| 9/21/06 | 20,128 | $ | 43.96 | * | ||
| 9/22/06 | 1,324 | $ | 44.02 | * | ||
| 10/2/06 | 743 | ** | N/A | |||
|
* ** |
Represents weighted average sale price. Shares were acquired by Mr. Schottenstein pursuant to the automatic quarterly grant of shares to Directors of Issuer. |
| (d) | Another’s right to receive dividends: Not applicable | |||
| (e) | Date ceased to be a 5% owner: Not applicable | |||
CUSIP No. 02553E 10 6
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| (2) |
SEI, Inc. (f/k/a Retail Ventures, Inc.) | |||
| (a) | Amount Beneficially Owned: 5,075,689 shares; Percent of Class: 3.4% | |||
| (b) | Number of Shares as to which such person has: | |||
| (i) Sole power to vote or to direct the vote: 5,075,689 shares | ||||
| (ii) Shared power to vote or to direct the vote: 0 shares | ||||
| (iii) Sole power to dispose or to direct the disposition of: 5,075,689 shares | ||||
| (iv) Shared power to dispose or to direct the disposition of: 0 shares | ||||
| (c) | Transactions effected by SEI, Inc. during the past 60 days: | |||
| Date |
Shares Sold |
Sale Price |
||||
| 9/12/06 | 500,000 | $ | 42.34 | * | ||
| 9/20/06 | 200,500 | $ | 44.32 | * | ||
| 9/21/06 | 20,121 | $ | 43.96 | * | ||
| 9/22/06 | 1,326 | $ | 44.02 | * | ||
| * | Represents weighted average sale price. |
| (d) | Another’s right to receive dividends: Not applicable | |||
| (e) | Date ceased to be a 5% owner: Not applicable | |||
CUSIP No. 02553E 10 6
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| (3) |
Geraldine Schottenstein Hoffman | |||
| (a) | Amount Beneficially Owned: 11,189,450 shares; Percent of Class: 7.5% (The shares are held in trusts for the benefit of family members as to which Ms. Hoffman is trustee). | |||
| (b) | Number of Shares as to which such person has: | |||
| (i) Sole power to vote or to direct the vote: 3,349,432 shares | ||||
| (ii) Shared power to vote or to direct the vote: 7,840,018 shares | ||||
| (iii) Sole power to dispose or to direct the disposition of: 11,015,846 shares | ||||
| (iv) Shared power to dispose or to direct the disposition of: 173,604 shares | ||||
| (c) | Transactions effected by Ms. Hoffman through family trusts as to which Ms. Hoffman is either trustee or trust advisor during the past 60 days: | |||
| Date |
Shares Sold |
Sale Price |
||||
| 9/12/06 | 650,000 | $ | 42.34 | * | ||
| 9/20/06 | 150,375 | $ | 44.32 | * | ||
| 9/21/06 | 15,096 | $ | 43.96 | * | ||
| 9/22/06 | 993 | $ | 44.02 | * | ||
| 9/29/06 | 96,500 | $ | 45.01 | * | ||
| 10/2/06 | 103,500 | $ | 45.00 | * | ||
| * | Represents weighted average sale price. |
| (d) | Another’s right to receive dividends: Not applicable | |||
| (e) | Date ceased to be a 5% owner: Not applicable | |||
CUSIP No. 02553E 10 6
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| (4) |
Susan Schottenstein Diamond | |||
| (a) | Amount Beneficially Owned: 3,107,366 shares; Percent of Class: 2.1% (These shares are held in trusts for the benefit of family members as to which Ms. Diamond is either Trustee or Trust Advisor. This number does not include 31,449 shares held directly and 16,875 shares subject to options exercisable within 60 days held by Ms. Diamond's husband). | |||
| (b) | Number of Shares as to which such person has: | |||
| (i) Sole power to vote or to direct the vote: 709,812 shares | ||||
| (ii) Shared power to vote or to direct the vote: 2,397,554 shares | ||||
| (iii) Sole power to dispose or to direct the disposition of: 709,812 shares | ||||
| (iv) Shared power to dispose or to direct the disposition of: 0 shares | ||||
| (c) | Transactions effected by Ms. Diamond in the last 60 days by family trusts in which Ms. Diamond acts as either trustee or trust advisor. | |||
| Date |
Shares Sold |
Sale Price |
||||
| 9/5/06 | 200,000 | $ | 40.16 | * | ||
| * | Represents weighted average sale price. |
| (d) | Another’s right to receive dividends: Not applicable | |||
| (e) | Date ceased to be a 5% owner: Not applicable | |||
CUSIP No. 02553E 10 6
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ITEM 6.
Jay L. Schottenstein, Ann Schottenstein Deshe, Susan Schottenstein Diamond, and Geraldine Schottenstein Hoffman entered into a Statement of Understanding dated as of March 31, 1999, by which each would advise the others a reasonable time prior to making sales of shares of the issuer's stock, and cooperate in effectuating sales of such shares, through a brokerage firm reasonably acceptable to each of them. If there are limits on the number of shares that may be sold at such time, the parties agreed that sales would be made pro rata in accordance with each individual's ownership of the issuer shares.
By letter dated June 5, 2006 addressed to Mr. Schottenstein, Ms. Diamond and Ms. Hoffman, Ms. Deshe withdrew her participation in the Statement of Understanding dated as of March 31, 1999 and thereby terminated her membership in the group within the meaning of Section 13(d)(3) of the Act. The letter was agreed to and accepted by Mr. Schottenstein, Ms. Diamond and Ms. Hoffman on June 14, 2006.
ITEM 7.
A “Statement of Understanding”, dated as of March 31, 1999, entered into by Mr. Schottenstein, Ms. Deshe, Ms. Diamond, and Ms. Hoffman, was previously filed and incorporated herein by reference.
A letter dated as of June 5, 2006 from Ms. Deshe to Mr. Schottenstein, Ms. Diamond and Ms. Hoffman withdrawing Ms. Deshe's participation in the "Statement of Understanding" dated as of March 31, 1999.
CUSIP No. 02553E 10 6
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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.
| DATED: October 6, 2006 |
/s/ Jay L. Schottenstein | |||
| Jay L. Schottenstein | ||||
| SEI, INC. | ||||
| DATED: October 6, 2006 |
By: | /s/ Jay L. Schottenstein | ||
| Jay L. Schottenstein, Chairman | ||||
| DATED: October 6, 2006 |
/s/ Geraldine Schottenstein Hoffman | |||
| Geraldine Schottenstein Hoffman | ||||
| DATED: October 10, 2006 |
/s/ Susan Schottenstein Diamond | |||
| Susan Schottenstein Diamond | ||||
EXHIBIT A
Ann S. Deshe
393 N. Columbia Ave.
Bexley, Ohio 43209
June 5, 2006
Jay L. Schottenstein
c/o 1800 Moler Rd.
Columbus OH 43207
Mrs. Susan S. Diamond
320 Parkview
Bexley OH 43209
Mrs. Geraldine Schottenstein Hoffman
For herself and Lori Schottenstein
490 N. Columbia
Bexley OH 43209
Dear Jay, Susan and Geraldine:
Effective as of the date of this letter, I hereby withdraw my participation in the Statement of Understanding dated April 7, 1999, as filed with the Securities and Exchange Commission (SEC file no. 005-49559), regarding the notification to you and from you with respect to the sales of shares of American Eagle Outfitters stock and all other terms and conditions of said Statement of Understanding.
Very truly yours,
/s/ Ann S. Deshe
Ann S. Deshe
Agreed to by:
/s/ Jay L. Schottenstein
Jay L. Schottenstein
s/ Susan S. Diamond
Susan S. Diamond
/s/ Geraldine Schottenstein Hoffman
Geraldine Schottenstein Hoffman
For herself and on behalf of Lori Schottenstein